Buy the DIP, and HODL!

[ginsan]

okay indirectly you are saying that maybe in this case the accumulation is too big but as long as we are able then why not because after all this is not about our own ability in the end right? say indeed it is 25 percent of total income if indeed they can cover it then I think it is not a problem because after all when we are in something (including in bitcoin) then indeed we must be able to consider for some period of time ahead and again in this case I prefer to divide it periodically so for 12 years it is too long for me so 5 years is enough and when you consider the performance of bitcoin during that period (I want to take 5 years) as the timeframe I'm using right now and with the economy getting tougher in the end it's also predictable and we're also not likely to just stay at $300 for personal income because when the economy goes up then in this case the salary in our job usually follows in order to be balanced and that's been happening in the last few years so in the end when we can afford to make 25 percent of the initial budget then it's not a problem as long as we're willing to accept the risk.
In addition, returning to the initial discussion about capital in the end this is also important because investment can also be a business and we must know how much we spend on accumulating bitcoins that we buy from the beginning to a certain extent consistently and how much profit we get after we invest in that period of time. It becomes an important part because after all we are in bitcoin is for profit and financial freedom so the profit factor even though it is only a figurative expression because the bitcoin remains the same only the value is different must still be considered.

25% is quite attractive to apply, but as I have followed in this thread, many people apply 10% to invest in bitcoin. Of course 25% will be quite large for you to allocate, but if you are able and it doesn't interfere with your living needs then do it according to your plan. Of course, your BTC holdings will increase even more if every month you are able to allocate 25% to buying Bitcoin.

Of course, the additional income you get from your monthly salary is certainly very good for investing in Bitcoin and I support the steps you take in your investment journey. So, if the duration of your investment is 5 years, of course that is also good, but it is still a good idea to buy it regularly every week.

So to help you, maybe I found one of the best articles on investing in bitcoin, although it is almost the same, of course this will increase your enthusiasm to continue holding bitcoin.
https://thecollegeinvestor.com/42217/how-to-invest-in-bitcoin/

[Mayor of ogba]

Getting a standard knowledge of bitcoin isn't something a newbie can cover in a week or two this could take months or even longer before he we would understand more about himself like cashflow management, risk tolerance and his investment timeline, all this are decisions that could take some time to figure out, waiting is a very wrong idea especially when you already know how to buy bitcoin and where to store it, this are the basic knowledge that I consider important for a newbie the rest can be figured out in the process of buying bitcoin, yes some newbies can tend to be very aggressive with regards to the price of bitcoin which I don't really support cause aggressiveness without knowledge of yourself can cause you to sell very early than expected, so a better advice like what Jay had said earlier on would be for them to get started even if it's a very little buying purchase of 10$ weekly and consistently while the figure out themselves properly.

From your perception is good to hurry up and invest in bitcoin, is that what you will advise beginners to do, in norms you don't need to venture what you don't know about without proper research, someone get into lose base on over excitement and curiosity to invest in order to make a profit, as investor you need to be inquisitive to something you have not comprehend well..let me ask you, during the bearish season and bullrun when is best time for someone to accumulate bitcoin?.

I can't be that conscious to invest due to bitcoin price is increasing rapidly, you most at least scrutinised the market and understand the next movement of Bitcoin through the chat or move of candles sticks, probably, we need to know that is not all about investing but understand the system first, many of you is curious to invest when the price of bitcoin increasing and you feel is the best time to accumulate your bitcoin.

I think you misunderstand Troytech here. He never said anyone should hurry up and buy Bitcoin. Read again, Basic knowledge, and standard knowledge are two different things. When you said basic knowledge it is what a beginner needs to know after having the idea of investing in Bitcoin. It includes how to store their coins properly and the strategies and theories regarding Bitcoin investment in general. Standard knowledge of Bitcoin includes understanding Bitcoin in all areas, which involves the theoretical and technical parts of the blockchain. Which I agree with him that for a beginner basic knowledge is only required to start investing, the most important thing is to know how to start investing, how to keep your coins safe, and how to ignore risk during our investment processes. The research you mentioned falls under basic knowledge and not standard knowledge.

let me ask you, during the bearish season and bullrun when is best time for someone to accumulate bitcoin?.

I know this question is not for me but let me give you a quick answer.

There is no specific best time to accumulate Bitcoin. At all seasons an investor can stack bitcoin as long as he has the basic knowledge to hold his funds. Once we have gained knowledge of Bitcoin we understand how the investment works the investment begins. Now we can still afford to buy Bitcoin with our little earnings it is a good time no matter the season we are in.

Normally, buying bitcoin in the bear market is the best time to accumulate bitcoin because we will accumulate more bitcoin with a lesser amount of money, and the bear market will facilitate us to achieve the quantity of bitcoin we want to hold because bitcoin is always cheap at that time. For instance, just like JayJuanGee accumulated most of his bitcoin holdings in the bear market, when bitcoin was very cheap, it helped him achieve the quantity of bitcoin he wanted to hold quickly. JayJuanGee can decide not to accumulate bitcoin again because he has already accumulated enough bitcoin, which is very much okay for him. But that doesn't mean that accumulating bitcoin when the price is at its peak or bitcoin halving has happened is bad. It only means you will be accumulating bitcoin when it is expensive, and you will need good capital to help you accumulate a good quantity of bitcoin on time because the demand for bitcoin is high, scarce, and expensive to accumulate.

[reagansimms]

~~~

Normally, buying bitcoin in the bear market is the best time to accumulate bitcoin because we will accumulate more bitcoin with a lesser amount of money, and the bear market will facilitate us to achieve the quantity of bitcoin we want to hold because bitcoin is always cheap at that time. For instance, just like JayJuanGee accumulated most of his bitcoin holdings in the bear market, when bitcoin was very cheap, it helped him achieve the quantity of bitcoin he wanted to hold quickly. JayJuanGee can decide not to accumulate bitcoin again because he has already accumulated enough bitcoin, which is very much okay for him. But that doesn't mean that accumulating bitcoin when the price is at its peak or bitcoin halving has happened is bad. It only means you will be accumulating bitcoin when it is expensive, and you will need good capital to help you accumulate a good quantity of bitcoin on time because the demand for bitcoin is high, scarce, and expensive to accumulate.

The example shown by JayJuanGee can be used by anyone who wants to get Bitcoin when the price is cheap and indirectly he also teaches Bitcoin investors to take advantage of this moment to collect as much Bitcoin as possible. This method is very easy to do, buying at a cheap price and selling it again when the price is high is the goal of investors to get the profit they want. Accumulating Bitcoin when the market is entering a bearish phase will make you calmer and able to hold Bitcoin in the long term without having to worry about the price going down further. The great potential that Bitcoin always presents will allow you to collect Bitcoin at a cheap price in greater quantities.

Collecting Bitcoin when the price is at its peak will make you have to wait longer to get a profit, usually when the price has reached the peak it will experience a sidway which makes your assets experience a decrease in value. I prefer the method used by JayJuanGee because it will give you peace of mind when investing and has the potential to get bigger profits. Another advantage of buying Bitcoin when the price is cheap is that you don't have to wait long, usually the market will experience a Bullish phase after a downturn in a Bearish period.

[Churchillvv]

~~~

✂️

The example shown by JayJuanGee can be used by anyone who wants to get Bitcoin when the price is cheap and indirectly he also teaches Bitcoin investors to take advantage of this moment to collect as much Bitcoin as possible. This method is very easy to do, buying at a cheap price and selling it again when the price is high is the goal of investors to get the profit they want. Accumulating Bitcoin when the market is entering a bearish phase will make you calmer and able to hold Bitcoin in the long term without having to worry about the price going down further. The great potential that Bitcoin always presents will allow you to collect Bitcoin at a cheap price in greater quantities.

Collecting Bitcoin when the price is at its peak will make you have to wait longer to get a profit, usually when the price has reached the peak it will experience a sidway which makes your assets experience a decrease in value. I prefer the method used by JayJuanGee because it will give you peace of mind when investing and has the potential to get bigger profits. Another advantage of buying Bitcoin when the price is cheap is that you don't have to wait long, usually the market will experience a Bullish phase after a downturn in a Bearish period.

Perhaps you might be right with your assumptions but you sound short term minded. certainly we have come to realise that the volatile nature of bitcoin has a crucial benefit for investors which means the bearish or downward trend of bitcoin is an opportunity to grasp more bitcoin to our portfolio as it serves as a discount in terms of purchasing power.

One thing a lot of investors do not understand is that no matter the bearish wave bitcoin seems to experience it would still not change its nature as 0.0050BTC will always remain 0.0050BTC, what only changes is the price or value attached to the number which you have in your portfolio, so as the price goes up above the entry price you're automatically in profit which is totally nothing to worry about as long as you're investing in bitcoin for a long term purpose within a 4 years circle of bitcoin one will surely be in profit which is not even enough to be classified as long term holding but seems durable to some kind of investors.

Apparently the over point here is keep buying the dips and hodling just as the title of the thread says selling is not an option except you have reach a good position or status where you have at least up to 30% percent of your income in bitcoin which is not achievable in a short term mind as you assume for selling, when such status quo rich has been met one could think of start using the sustainable withdrawal method to take profit but at this point where this position is not met yet buying the dip, DCAing, Lump sum and hodling is the best for an investor as you reagansimms and everyone else here who haven't reach the status.

[laijsica]

Getting a standard knowledge of bitcoin isn't something a newbie can cover in a week or two this could take months or even longer before he we would understand more about himself like cashflow management, risk tolerance and his investment timeline, all this are decisions that could take some time to figure out, waiting is a very wrong idea especially when you already know how to buy bitcoin and where to store it, this are the basic knowledge that I consider important for a newbie the rest can be figured out in the process of buying bitcoin, yes some newbies can tend to be very aggressive with regards to the price of bitcoin which I don't really support cause aggressiveness without knowledge of yourself can cause you to sell very early than expected, so a better advice like what Jay had said earlier on would be for them to get started even if it's a very little buying purchase of 10$ weekly and consistently while the figure out themselves properly.

I can't be that conscious to invest due to bitcoin price is increasing rapidly, you most at least scrutinised the market and understand the next movement of Bitcoin through the chat or move of candles sticks, probably, we need to know that is not all about investing but understand the system first.

First of all, this thread is about buying the dip, and hodl. Your suggestion is only for the people who are in bitcoin investment for short-term profit (day traders); they are the ones who need to analyze the price of bitcoin with the knowledge of technical analysis so that it will help them to guess if there will be a dip in bitcoin, so they can buy bitcoin at a low price and sell when the price is high to enable them to take their short term profit. But for those who are all in on bitcoin for the long term, they don't need to do any analysis before they can accumulate bitcoin. They can adopt the DCA strategy to accumulate bitcoin when the money is readily available, and they will buy bitcoin even when it is increasing or decreasing. The DCA strategy will help them buy bitcoin at different prices, and the ones they bought at a low price will make up for the ones they bought at a high price.

The risk level is relatively high in short-term investments because they are always interested in buying BTC at a dips price but they forget that it may dips further. They may even fall behind the sales target at some point. Sometimes technical results may not work because market conditions are a reflection of buyer and seller interactions. Normal inflation and environmental factors may affect the market which is normal. However, DCA method of buying BTC should be considered for easy continuation of investment. Through this strategy, the objective of buying at regular intervals is a mixture of different prices in the market, which is to reduce the level of buying when the price is high and to increase the level of buying when the price is low. As a result, more BTC can be accumulated for the same price. There is a common saying in the market that investing at the wrong time leads to more losses for any investor. But if one starts DCA in bullish period and keeps buying target at regular intervals for long term then his stash will gradually increase and may be beneficial for him in future.

[Samlucky O]

Getting a standard knowledge of bitcoin isn't something a newbie can cover in a week or two this could take months or even longer before he we would understand more about himself like cashflow management, risk tolerance and his investment timeline, all this are decisions that could take some time to figure out, waiting is a very wrong idea especially when you already know how to buy bitcoin and where to store it, this are the basic knowledge that I consider important for a newbie the rest can be figured out in the process of buying bitcoin, yes some newbies can tend to be very aggressive with regards to the price of bitcoin which I don't really support cause aggressiveness without knowledge of yourself can cause you to sell very early than expected, so a better advice like what Jay had said earlier on would be for them to get started even if it's a very little buying purchase of 10$ weekly and consistently while the figure out themselves properly.

From your perception is good to hurry up and invest in bitcoin, is that what you will advise beginners to do, in norms you don't need to venture what you don't know about without proper research, someone get into lose base on over excitement and curiosity to invest in order to make a profit, as investor you need to be inquisitive to something you have not comprehend well.

Yes it's very important to study very well about bitcoin before adventuring into investment and also know how it works in Oder not to fall victim of scammers and not to lost a reasonable amount due to lack of proper learning or understanding. but I think when they said newbie can invest in bitcoin does not implies about short time investment like gambling or Trading which we are not discussing here but specifically and strategically on long term investment and  a specific and speculated time horizone so surely its not a bad thing for newbies to learn about bitcoin properly before investing, but the aspect we majorly emphasis on is that if they have the basics skills about bitcoin, how it works, how to buy or sell and the right wallet and address it should be send to, then such person can be able to start accumulating. And note before starting to accumulate, the person in question should be able to have a steady source of income to be able to have a regular amount in his discretion or reserved to be able to invest on weekly DCA or buy the dip and HODL according to your discretion or float. Not just having a small amount and you start to invest without having a backup capital to continue the investment for as long as speculated.

let me ask you, during the bearish season and bullrun when is best time for someone to accumulate bitcoin?.

I know you are not a regular poster of this thread and have not comprehend the meaning of the thread and all what it entails or talks about, but I will try to explain more to you for clarification. a HODLer usually have a longer time horizon compeard to your expectations. A HODLer does not buy on bearish season and sell on bull run or buy dip and sell when it high
But a HODLer usually have a discretionary fund Which is equivalently a reserved fund which has many functions. It is used to buy bitcoin on a regular basis every week known as dollar cost average (DCA). Which is just a regular buying and does not think about the market ups and downs. Also buying the dip which means when the market is bearish a HODLer will use some portions of his reserved to buy the dip depending on how he feels like to buy. This method will recover some lost amount when the HODLer may have bought higher in the DCA method. Lump-sum can also be Buying once at a go depends on how much you also feel like to buy for a specific period of time. And such Investment will not affect your discretion. So a HODLers metal reason is far beyond what you think and they stand a better Position to make more money in the future after many having. And also know that HODLers time horizon takes at least 4-10 years interval, and 20-30 years at most. When talking of making profit in bitcoin, think of a longer time duration.

I can't be that conscious to invest due to bitcoin price is increasing rapidly, you most at least scrutinised the , market and understand the next movement of Bitcoin through the chat or move of candles sticks, probably, we need to know that is not all about investing but understand the system first.

Understanding the system does not in any may mean we must watch the candle sticks. Watching of candles stick is talking more of trading and of course that is not what we are talking about. You need to start investing in bitcoin than watching those candle sticks of yours because that will delay your investment approach. I think it's important to note that you have to start investing in bitcoin and stop procrastinating and looking at bitcoin movement because surely it not a stable coin but a volatile asset that will increase over time. Surely there is hope and the future of Bitcoin is bright if you can only start investing now and stop watching at those fucking candle sticks.

 

[JiiBs]

The risk level is relatively high in short-term investments because they are always interested in buying BTC at a dips price but they forget that it may dips further. They may even fall behind the sales target at some point. Sometimes technical results may not work because market conditions are a reflection of buyer and seller interactions. Normal inflation and environmental factors may affect the market which is normal. However, DCA method of buying BTC should be considered for easy continuation of investment. Through this strategy, the objective of buying at regular intervals is a mixture of different prices in the market, which is to reduce the level of buying when the price is high and to increase the level of buying when the price is low. As a result, more BTC can be accumulated for the same price.

Personally, bulk buying of Bitcoin isn't my thing, I have never tried it and I wouldn't say I hope not to, I would like to if the opportunity presents itself but, am not sure am going to plan for that by having to save up some money while waiting out for rye market to dip. No, that's not want I would want to do or advise of anyone.
At the end, technical analysis isn't exactly bad though. It gives insight not on an individual perspective but on the whole of some possibilities that could be expected with certain moves on the charts. Sometimes, it plays out and at other times, it doesn't.
Hence, you don't base an investment on that.

This is why DCA offers an uneven advantage as, it doesn't give any of these means to analysis a priority but centers on the final or expected goal, with patience to serve as the straw on the paths to your goal.

[Bravut]

I can't be that conscious to invest due to bitcoin price is increasing rapidly, you most at least scrutinised the , market and understand the next movement of Bitcoin through the chat or move of candles sticks, probably, we need to know that is not all about investing but understand the system first.

Understanding the system does not in any may mean we must watch the candle sticks. Watching of candles stick is talking more of trading and of course that is not what we are talking about. You need to start investing in bitcoin than watching those candle sticks of yours because that will delay your investment approach. I think it's important to note that you have to start investing in bitcoin and stop procrastinating and looking at bitcoin movement because surely it not a stable coin but a volatile asset that will increase over time. Surely there is hope and the future of Bitcoin is bright if you can only start investing now and stop watching at those fucking candle sticks.

 

He speaks more in Trading view of what accumulation should be. I don't doubt his opinion because every has a say, but looking at candlestick doesn't mean you understand market dynamics.
Moreover we share idea concerning strategy and accumulation of Bitcoin not necessarily candlestick or trading whatever.

Investing in Bitcoin isn't a big deal as we take it to be, this is simply understanding;
 what investing really is
 what is the potential of Bitcoin in the nearest
 future?
 what strategy can i use?, what my target and
 goals?
 What's my expected return?
 Am I ready to accept whatever outcome (Risk)?

Once, we get over this questions we are good to go, then we simply accumulate and hold.

[wmaurik]

Personally, bulk buying of Bitcoin isn't my thing, I have never tried it and I wouldn't say I hope not to, I would like to if the opportunity presents itself but, am not sure am going to plan for that by having to save up some money while waiting out for rye market to dip. No, that's not want I would want to do or advise of anyone.
At the end, technical analysis isn't exactly bad though. It gives insight not on an individual perspective but on the whole of some possibilities that could be expected with certain moves on the charts. Sometimes, it plays out and at other times, it doesn't.
Hence, you don't base an investment on that.

Everyone has their own way and personality in planning their investments, as well as owning Bitcoin for the long term which can also be considered as an investment in their own future. Because if someone doesn't want to own Bitcoin at times like now, of course there is a big question mark for that person that maybe he still lacks the money to buy it. Or he still lacks knowledge in understanding Bitcoin so that he still hesitates to believe in Bitcoin in the long term and if the reasons are more technical. This shows that you yourself are a trader who likes to see profits in the short term by understanding every Bitcoin price movement itself through the charts in the market.

[Smilevictorobinna]

The risk level is relatively high in short-term investments because they are always interested in buying BTC at a dips price but they forget that it may dips further. They may even fall behind the sales target at some point. Sometimes technical results may not work because market conditions are a reflection of buyer and seller interactions. Normal inflation and environmental factors may affect the market which is normal. However, DCA method of buying BTC should be considered for easy continuation of investment. Through this strategy, the objective of buying at regular intervals is a mixture of different prices in the market, which is to reduce the level of buying when the price is high and to increase the level of buying when the price is low. As a result, more BTC can be accumulated for the same price.

Personally, bulk buying of Bitcoin isn't my thing, I have never tried it and I wouldn't say I hope not to, I would like to if the opportunity presents itself but, am not sure am going to plan for that by having to save up some money while waiting out for rye market to dip. No, that's not want I would want to do or advise of anyone.
At the end, technical analysis isn't exactly bad though. It gives insight not on an individual perspective but on the whole of some possibilities that could be expected with certain moves on the charts. Sometimes, it plays out and at other times, it doesn't.
Hence, you don't base an investment on that.

This is why DCA offers an uneven advantage as, it doesn't give any of these means to analysis a priority but centers on the final or expected goal, with patience to serve as the straw on the paths to your goal.

If you are not doing DCA and trying to buy only on Big Dips, then you need to continuously remain in touch with Bitcoin price and try to figure out yourself dips and big dips. The only thing we don't know is that the price we buying is the bottom or just the start of dip. These are things you have to keep in mind if you are not doing DCA.
If you are not in DCA and have huge cash then buying at one price is also a good option provided you are willing to HODL for a longer duration. Lump sum investment becomes more profitable if you correctly caught the big dips. But again there are trade-offs, in Nov 2018 price of Bitcoin was around 5000$ while in Nov 2021 price of Bitcoin was around 65000$. If you have your Lump sum investment at 5000$ and you are willing to HODL for 4 to 5 years then results will be very much positive.

[Troytech]

[edited out]

Perhaps you're probably correct, about your assumption that how much of your discretionary or disposable income is what determines how much you should invest rather than how much you earn, but I'd like to point out to you @Tmoonz that you're wrong from a different view point; bitcoin investment is not a default option in which you must invest what you have at your discretion; it's an important choice that should be taken seriously.

It seems to me that sometimes folks get their investment into bitcoin wrong because they might prioritize it beyond their considerations of their disposable income.. so then they get into trouble.

Sure, there is no problem prioritizing your investment into bitcoin, but it still has to come from your disposable income rather than some abstract decision to buy $100 per week of bitcoin no matter what - and then you end up not even having enough to cover your expenses or otherwise putting yourself into a predicament that could have had easily been avoided with a tad bit more appreciation regarding your budgetary (and psychological) balancing considerations.

Perhaps the word beyond and/or over definitely will put one into some kind of trouble for doing whatsoever whether investment or any kind of thing as long as it takes the extra ordinary it could lead to some kind of predicament but in terms of investing in bitcoin, I do not agree with some folks point of investing the left over of their income into bitcoin which is in disguise put into the word disposable income whereas what they mean is absolutely an unacceptable view of investment in bitcoin to be basically from the fag end of ones daily, weekly, and/or monthly expenses which at the end might end up being some kind of garbage amount that could be less than what is necessary for an investment. But that as it is doesn't mean one should prioritize bitcoin investment to a psychological end of being inappropriate but take it as a necessity.

You are still struggling a little with what a discretional income is, investing from our discretional or disposable income doesn't mean in any way that we are neglecting our investment in bitcoin and doesn't mean that its some kind of left over or little amount.

A discretional income is what is left after we have taken out the money for our necessary expenses, I think i already gave you an illustrative the last time but I think I'll have to start all over,
Mr A is earning a 1000$ and lives in a small house with little bills to pay, so after he has taken out his necessary bills and expenses he ends up with 500$ in his discretionary income and can decide to keep an extra 100$ for floats and invest the rest into bitcoin on a weekly basis and this is achieved because he has little expenses to make and hence his discretionary income is bigger after he has removed the necessary expenses.
Mr B can also be earning same amount and has a higher expenses based on the kind of house he chose to live and lifestyle he has so he winds up with only 300$ as a discretional income after after his expense and decides to keep an extra 150 floats for enjoying himself and invest 150$ into bitcoin.

So in essence the discretional income is determined by how much of an expense the person has and how much he can avoid out of his income, and at same time it's also possible that the person can chose to favour other things than bitcoin investment with his discretionary income.

[Ruttoshi]

The risk level is relatively high in short-term investments because they are always interested in buying BTC at a dips price but they forget that it may dips further. They may even fall behind the sales target at some point. Sometimes technical results may not work because market conditions are a reflection of buyer and seller interactions. Normal inflation and environmental factors may affect the market which is normal. However, DCA method of buying BTC should be considered for easy continuation of investment. Through this strategy, the objective of buying at regular intervals is a mixture of different prices in the market, which is to reduce the level of buying when the price is high and to increase the level of buying when the price is low. As a result, more BTC can be accumulated for the same price.

Personally, bulk buying of Bitcoin isn't my thing, I have never tried it and I wouldn't say I hope not to, I would like to if the opportunity presents itself but, am not sure am going to plan for that by having to save up some money while waiting out for rye market to dip. No, that's not want I would want to do or advise of anyone.
At the end, technical analysis isn't exactly bad though. It gives insight not on an individual perspective but on the whole of some possibilities that could be expected with certain moves on the charts. Sometimes, it plays out and at other times, it doesn't.
Hence, you don't base an investment on that.

This is why DCA offers an uneven advantage as, it doesn't give any of these means to analysis a priority but centers on the final or expected goal, with patience to serve as the straw on the paths to your goal.

If you are not doing DCA and trying to buy only on Big Dips, then you need to continuously remain in touch with Bitcoin price and try to figure out yourself dips and big dips. The only thing we don't know is that the price we buying is the bottom or just the start of dip. These are things you have to keep in mind if you are not doing DCA.
If you are not in DCA and have huge cash then buying at one price is also a good option provided you are willing to HODL for a longer duration. Lump sum investment becomes more profitable if you correctly caught the big dips. But again there are trade-offs, in Nov 2018 price of Bitcoin was around 5000$ while in Nov 2021 price of Bitcoin was around 65000$. If you have your Lump sum investment at 5000$ and you are willing to HODL for 4 to 5 years then results will be very much positive.

It all depends on the accumulation stage of that investor that lump sum will be a good accumulating strategy for him. Someone new into bitcoin and wants to start investing does not need to use the lump sum strategy because he wants to buy at the dip. That investor needs to use the DCA strategy because it is most convenient and flexible as long as you are using your discretionary income to invest in bitcoin often either weekly or monthly, so that he can gradually increase his bitcoin portfolio as time passes by.

The reason is because for you to lump sum, you need a good amount of money, and if your discretionary income cannot give you such amount, you will have to start saving this money in the bank for it to get to the amount that you feel is cool for you to lump sum with. Some people can even take one year or two just in the name of piling up fiat so that they can lump sum at the dip. Wasting the time that those money that they are piling up in the bank should be channel into bitcoin as it comes in so that they can start piling up in bitcoin than fiat that depreciates overtime.

Another disadvantage of buying once and not buy again is that, you will not be able to buy bitcoin at different price level which is the trick of using DCA to take advantage of the volatile nature of bitcoin. You might lump sum today, and bitcoin price dips, you will be at loss not until Bitcoin price goes higher the amount you bought. This is why new investors should only focus on the DCA method in the beginning, which gives them the opportunity to buy with whatever amount of discretionary income that they have also at different price level.

Lastly, you will not be able to accumulate the amount of bitcoin that an investor using DCA method buying always without stopping every week or month will have in the same duration of time. This means that his bitcoin portfolio will be bigger than yours, likewise the profit.

If an investor have reached 50% of your bitcoin portfolio and above, you can use lump sum. However using both DCA and lump sum after two years of your regular DCA buying weekly or monthly, is very good if you are opportune.

[teamsherry]

[edited out]

Perhaps you're probably correct, about your assumption that how much of your discretionary or disposable income is what determines how much you should invest rather than how much you earn, but I'd like to point out to you @Tmoonz that you're wrong from a different view point; bitcoin investment is not a default option in which you must invest what you have at your discretion; it's an important choice that should be taken seriously.

It seems to me that sometimes folks get their investment into bitcoin wrong because they might prioritize it beyond their considerations of their disposable income.. so then they get into trouble.

Sure, there is no problem prioritizing your investment into bitcoin, but it still has to come from your disposable income rather than some abstract decision to buy $100 per week of bitcoin no matter what - and then you end up not even having enough to cover your expenses or otherwise putting yourself into a predicament that could have had easily been avoided with a tad bit more appreciation regarding your budgetary (and psychological) balancing considerations.

Perhaps the word beyond and/or over definitely will put one into some kind of trouble for doing whatsoever whether investment or any kind of thing as long as it takes the extra ordinary it could lead to some kind of predicament but in terms of investing in bitcoin, I do not agree with some folks point of investing the left over of their income into bitcoin which is in disguise put into the word disposable income whereas what they mean is absolutely an unacceptable view of investment in bitcoin to be basically from the fag end of ones daily, weekly, and/or monthly expenses which at the end might end up being some kind of garbage amount that could be less than what is necessary for an investment. But that as it is doesn't mean one should prioritize bitcoin investment to a psychological end of being inappropriate but take it as a necessity.

I really couldn't grasp the first part of your post, i understand that you are proposing that we prioritize our bitcoin investment but that in no way should be out of our disposable income, whether you like it or not our daily needs comes first before investing in Bitcoin and the best we can is to limit some of out extra expenses to get our discretionary income up and invest in bitcoin.

A disposable income doesn't or in no way is the left over of our income, its rather what is left after all our expense has been removed, and with that amount we can chose to invest it in bitcoin, you can't be insinuating that we put bitcoin investment first and then take what is left for expense, we woudl surely regret that cause we can get into unnecessary debt or emergencies due to such poor cashfkow management decision, so it's always going to be better toninvest out of our discretionary income.

[ginsan]

I really couldn't grasp the first part of your post, i understand that you are proposing that we prioritize our bitcoin investment but that in no way should be out of our disposable income, whether you like it or not our daily needs comes first before investing in Bitcoin and the best we can is to limit some of out extra expenses to get our discretionary income up and invest in bitcoin.

A disposable income doesn't or in no way is the left over of our income, its rather what is left after all our expense has been removed, and with that amount we can chose to invest it in bitcoin, you can't be insinuating that we put bitcoin investment first and then take what is left for expense, we woudl surely regret that cause we can get into unnecessary debt or emergencies due to such poor cashfkow management decision, so it's always going to be better toninvest out of our discretionary income.

Actually, in planning the investment you want to make, it is better to focus on your monthly income, where you can budget 10% or 15% for buying Bitcoin, isn't that simpler to understand. Apart from that, don't complicate the situation where you have to take a loan to invest in bitcoin because that is not a very good action. Therefore, invest as much as you can. If you can afford to buy Bitcoin with $20 per week, then apply it every week.

Well, if the points you convey are of course correct, but sometimes your monthly spending needs increase and will you miss purchases that month? Now, in this case, it must be underlined that when investing in the long term, initial planning is of course required, which is a priority so that this will not interfere with spending on any monthly spending needs.

In essence, people who invest are those who want to change their fate in the next decades, therefore they need to develop a wise strategy so that their investment can run smoothly. Accumulating regularly every week is a pretty brilliant idea and also increasing the budget to buy aggressively is the second option in long-term planning. But you can organize each strategy neatly and can also go hand in hand with a new strategy by acting aggressively when prices drop and also buying in a lump sum to increase BTC holdings.

[bhadz]

What about those people that has full understanding about there finance and also has a discretionary income. the knowledge of Bitcoin is different from that of finance, you can be a beginner (newbie) but have all knowledge about financial management.
So if such person's are going into Bitcoin investment all they need to know is how to invest and how Bitcoin works.
I agree with you and I believe having knowledge of self custody is very important and yet knowledge of self-custody is not a prerequisite in terms of getting into bitcoin you are very correct.

While I agree to you in most of what you've said but learning how to invest in Bitcoin isn't just all about how to invest and how Bitcoin works. There's so much they need to learn but I don't want to complicate it because they'd come by to that once they're already in. Like how to protect themselves from potential scams and phishing, so knowing the volatility of Bitcoin which is included on how BTC works but all of those will be learned by the newbies once they have allotted money on BTC already.

Well that only imply if you try to invest on short term since you really need to consider those risk and learn from it. But erase those thoughts regarding on those phising and scams since we are not talking about that matter here. What's best to discuss is on how those newbies can make their investment plan to succeed especially on the methods they should use since there's really a lot of information to learn here.

It does makes sense to include security in the discussion as per the newbies. Most of the people that are asking for help were the newbies when they have been hacked, phished and scammed. So, it's essential for someone who is investing on Bitcoin to know how to avoid those potential threat to their investment. Yes, we all want everyone to succeed but it's not going to be enough if you only know how to invest but you should also know how to spot those scams and other malicious threats that might steal your asset.

What those people need to know that short term investment bring more higher risk to them than investing on bitcoin for long term that's why they should focus on things that can actually give them high chance to earn. And in process they should consider to learn certain flaws that can affect their investment decision so that they could earn success and they will not get easily bother by anything that might happen in future. Its interesting to see that now there's a lot of people is engaging with this hodl discussions since we can learn a lot of knowledge coming from multiple source that can help us became more better investor.

I bold the part about how many are falling for scams. Because of the thought that are given to them about aiming to earn with high chance. Well no doubt doing it on Bitcoin gives them that but if they're going to focus on it, they might just land to the scamming tactics of cons.

[Justbillywitt]

Perhaps you're probably correct, about your assumption that how much of your discretionary or disposable income is what determines how much you should invest rather than how much you earn, but I'd like to point out to you @Tmoonz that you're wrong from a different view point; bitcoin investment is not a default option in which you must invest what you have at your discretion; it's an important choice that should be taken seriously.

Perhaps when one talks about investing in bitcoin, it is supposed to be a very important part of one's life that is worth cutting other expenses to increase the rate and/or level of your investment; your lifestyle can wait for a moment, but bitcoin cannot, so you must sometimes not make yourself too comfortable by investing a small portion of your income in bitcoin, instead take it upon yourself to make a better portion of your income count by investing it in bitcoin. For instance, if you earn $200 per week and your weekly spending for the so-called lifestyle is $190, and you have roughly $10 in discretionary or disposable income, is that a good investment? Absolutely not! So it's basically how much you earn and a percentage you're willing to give for the future, rather than what's in your disposable income, because bitcoin isn't like shitcoin, where you can put whatever you want, but you decide how much of your income should be invested in your long-term investment scheme.

I think it's not a problem, okay maybe it would be great if we could minimize the expenses that we will do because after all it becomes a plus because with that we can be more free to be in bitcoin with a little bigger but in the end we also have to realize that we don't need to force it directly because investing in bitcoin is not a compulsion and the initial benchmark is still how ready you are to lose and we also have to see how much budget we really have to fulfill consistently so that what we do in investing in bitcoin does not eat up the budget of the others.

With this in mind if indeed we have around $200 of income and we have to spend $190 for our needs then there is no problem if indeed it is only $10 because this is our ability. although indeed in terms of profit also in the end it will not be much different but if indeed we can afford it only that much then still do it because forcing it to be more can ultimately burden yourself in the future.

See this matter of investing in bitcoin is also something we should take seriously as much as we need to plan for our daily needs, we also have to understand that needs don't finish and they keeps coming up on daily basis, but as much as we have to take care of other things we have to understand that we have to take our investment in bitcoin very serious too. If someone is making a monthly income of $200 and he is investing only $10 I think it's very poor. If you are making monthly income of $200 you should at least invest 10% of the money which is $20 and I don't think it's too much. If $190 can carry you for a month, I think $180 will equally be enough to carry you for the moment. In as much as we are investing, we should also target to have a reasonable amount of fraction of bitcoin and to accumulate it, we have to make some certain level of sacrifice.

[Zackz5000]

This is why it is not good to be waiting and piling up your funds in fiat when you already have an additional income which you can use to invest in bitcoin without a problem and hodli for long. It is never risky because you started earlier than waiting, and you are on a long term bitcoin journey using DCA strategy which will reduce the risk in bitcoin investment due to its volatile nature. You should also note that the price that you are buying today, might not be the price you will next next year because bitcoin price increases overtime, and this is why the investors who bought early are in great profit. The cheaper the price the   easier for you to accumulate more bitcoin, and the higher the price of bitcoin the harder it becomes to accumulate more bitcoin. Don't wait in poverty instead of fighting your way out of poverty with investing in bitcoin immediately you have the money

Waiting and piling up the cash in fiat before you buy is totally the wrong approach if you ask me because Bitcoin isn't a stable coins and you can't expect the price to sit around and wait for you to gather all the money first before you now use when you are satisfied with the money for investment. The right thing to do is simply to keep striving to accumulate just like you have stated with the little earning so that you can meet up with atleast the lower price because you can't tell when the price might go up or even down.

Even though bitcoin is not a stable coin that shouldn't discourage who wants to save up money to invest from investing in a wrong time, note, as the price isn't stable it makes it easier for any investor to save and invest whenever he wants to as no time is late to invest and to take profit. I think it is right to have have a stable income before investing in bitcoin since it will reduce the panic and fear of the investor but anyone who is investing with a little earning will only be hoping to get a quick profit which may never happen easily unless the price increased tremendously after investing so I think saving enough money and having a good and stable income should be considered by anyone before holding bitcoin.

There is no room to fear as you said all one need is to planned well and save before engaging on the investment, this can help investor to accumulate even more as the attention to quickly withdraw won't be there is a result of not planing properly that make most people that engage on BTC begin to consider withdraw so fast because they are choke with other responsibilities that that can't deal without venturing or touching tje investment,you can only see the value more when there some set outside strategy of handling some daily impressing needs outside one investment.

I don't think there is any need trying to save a big amount of money before investing into Bitcoin, for you can use the amount readily available to start up your Bitcoin investment journey for you can be waiting to save much money before investing in Bitcoin while opportunity is passing you by, for you can start with the little you have but when investing make sure you invest amount you can afford to loss and also plan for long term investment. With the help of the  DCA strategy you can accumulate more Bitcoin little by little on a regular interval either weekly or monthly as the case may be and set aside an emergency, reserve and float fund incase there is any emergency or unforseen circumstances that may arise so it won't warrant you selling out your Bitcoin hodling for Bitcoin is best sighted and profitable for the future or Long term planning like 4-10 years and above.

[cxtreenal]

Perhaps you're probably correct, about your assumption that how much of your discretionary or disposable income is what determines how much you should invest rather than how much you earn, but I'd like to point out to you @Tmoonz that you're wrong from a different view point; bitcoin investment is not a default option in which you must invest what you have at your discretion; it's an important choice that should be taken seriously.

Perhaps when one talks about investing in bitcoin, it is supposed to be a very important part of one's life that is worth cutting other expenses to increase the rate and/or level of your investment; your lifestyle can wait for a moment, but bitcoin cannot, so you must sometimes not make yourself too comfortable by investing a small portion of your income in bitcoin, instead take it upon yourself to make a better portion of your income count by investing it in bitcoin. For instance, if you earn $200 per week and your weekly spending for the so-called lifestyle is $190, and you have roughly $10 in discretionary or disposable income, is that a good investment? Absolutely not! So it's basically how much you earn and a percentage you're willing to give for the future, rather than what's in your disposable income, because bitcoin isn't like shitcoin, where you can put whatever you want, but you decide how much of your income should be invested in your long-term investment scheme.

I think it's not a problem, okay maybe it would be great if we could minimize the expenses that we will do because after all it becomes a plus because with that we can be more free to be in bitcoin with a little bigger but in the end we also have to realize that we don't need to force it directly because investing in bitcoin is not a compulsion and the initial benchmark is still how ready you are to lose and we also have to see how much budget we really have to fulfill consistently so that what we do in investing in bitcoin does not eat up the budget of the others.

With this in mind if indeed we have around $200 of income and we have to spend $190 for our needs then there is no problem if indeed it is only $10 because this is our ability. although indeed in terms of profit also in the end it will not be much different but if indeed we can afford it only that much then still do it because forcing it to be more can ultimately burden yourself in the future.

See this matter of investing in bitcoin is also something we should take seriously as much as we need to plan for our daily needs, we also have to understand that needs don't finish and they keeps coming up on daily basis, but as much as we have to take care of other things we have to understand that we have to take our investment in bitcoin very serious too. If someone is making a monthly income of $200 and he is investing only $10 I think it's very poor. If you are making monthly income of $200 you should at least invest 10% of the money which is $20 and I don't think it's too much. If $190 can carry you for a month, I think $180 will equally be enough to carry you for the moment. In as much as we are investing, we should also target to have a reasonable amount of fraction of bitcoin and to accumulate it, we have to make some certain level of sacrifice.

People's expenditure is really increasing according to income, even also due to the surrounding economic crisis and rising commodity prices. But the mentality of bitcoin hoarding is possible even with low income because I know many people who earn $200 and still hoard $10 bitcoins and many who earn $300 and still can't hoard it. Social identity and status are involved here because if a person has more income, he does not want to hurt his family by reducing expenses and demand is constantly increasing. In this case, even if reduce the personal expenses, it is important to carry out the process of depositing bitcoins for the future. But in many cases this is not possible only because of their dignity.If the amount of disposable income is not adequate for investment, he should consider the process of its accumulation. He should look forward to more potential income streams where his bitcoin accumulation process is seamless and consistent.

[Lidger]

Even though bitcoin is not a stable coin that shouldn't discourage who wants to save up money to invest from investing in a wrong time, note, as the price isn't stable it makes it easier for any investor to save and invest whenever he wants to as no time is late to invest and to take profit. I think it is right to have have a stable income before investing in bitcoin since it will reduce the panic and fear of the investor but anyone who is investing with a little earning will only be hoping to get a quick profit which may never happen easily unless the price increased tremendously after investing so I think saving enough money and having a good and stable income should be considered by anyone before holding bitcoin.

There is no room to fear as you said all one need is to planned well and save before engaging on the investment, this can help investor to accumulate even more as the attention to quickly withdraw won't be there is a result of not planing properly that make most people that engage on BTC begin to consider withdraw so fast because they are choke with other responsibilities that that can't deal without venturing or touching tje investment,you can only see the value more when there some set outside strategy of handling some daily impressing needs outside one investment.

This is where the concept of emergency funds comes in. Remember that emergency fund was suggested as a way of protecting the investment from unplanned event that can lead to the investment being liquidated. With emergency fund in place, it becomes easy for the investor to relax and enjoy his peace when urgent needs arises. But care must be taken not to mistake the emergency funds for the funds needed for basic needs because are different and must be used as such. Emergency funds are set aside after basic needs have been met, it can be a fixed amount or variable and depends on the financial disposition of the investor.

I will advise anyone investing in bitcoin not to ignore this emergency funds. It has helped me a lot. Now I have peace of mind unlike before that I put all my money in bitcoin only to be selling when I have needs, this often made me sell lower than what I bought.

It is a very positive thing for an investor to have an emergency fund plan to make his investment last longer and guarantee his investment. We don't always have money or the amount of money we are currently earning will not be the same in the future so we can create an emergency fund just so that our investments do not stop in the future. If we create multiple emergency funds and do not use those emergency funds unless there is an additional need, we can certainly maintain our investment continuity on a regular basis. When there is a need to use the emergency fund, we will use some money from the emergency fund, but when we have enough money again, we will fill the emergency fund deficit again. But emergency funds may not be possible for every investor as there are many who earn relatively less amount of money but building an emergency fund is a difficult matter

[Mayor of ogba]

The risk level is relatively high in short-term investments because they are always interested in buying BTC at a dips price but they forget that it may dips further. They may even fall behind the sales target at some point. Sometimes technical results may not work because market conditions are a reflection of buyer and seller interactions. Normal inflation and environmental factors may affect the market which is normal. However, DCA method of buying BTC should be considered for easy continuation of investment. Through this strategy, the objective of buying at regular intervals is a mixture of different prices in the market, which is to reduce the level of buying when the price is high and to increase the level of buying when the price is low. As a result, more BTC can be accumulated for the same price.

Personally, bulk buying of Bitcoin isn't my thing, I have never tried it and I wouldn't say I hope not to, I would like to if the opportunity presents itself but, am not sure am going to plan for that by having to save up some money while waiting out for rye market to dip. No, that's not want I would want to do or advise of anyone.
At the end, technical analysis isn't exactly bad though. It gives insight not on an individual perspective but on the whole of some possibilities that could be expected with certain moves on the charts. Sometimes, it plays out and at other times, it doesn't.
Hence, you don't base an investment on that.

This is why DCA offers an uneven advantage as, it doesn't give any of these means to analysis a priority but centers on the final or expected goal, with patience to serve as the straw on the paths to your goal.

A lump-sum buy doesn't necessarily mean you have to wait for the bitcoin price to dip before you can lump-sum. You can decide to start your bitcoin investment with a lump sum buy to help you accumulate a good quantity of bitcoin, and after that, you can stick with the DCA strategy to accumulate bitcoin either weekly or monthly. Unless you are on bitcoin for short-term profit, that is when technical analysis comes into play to help you read the market and have a clue when to buy bitcoin so that it will not affect you not to take your short-term profit when the bitcoin price is high. Secondly, technical analysis will delay your bitcoin accumulation journey because you will be waiting for the result of what you analyzed to happen before you can accumulate bitcoin, and if it doesn't happen, you will not accumulate bitcoin. That's why it's good to be in bitcoin for the long term so that you will not need any technical analysis skills before you can accumulate bitcoin. If buying the dip is your problem, the DCA strategy is here to help you achieve that because you will be accumulating bitcoin even when the price is increasing or decreasing.