Buy Bitcoin, and HODL!

[Ruttoshi]

You don't need to have a stable income before you start investing into bitcoin, you can start with what ever amount you have, waiting to stabilise before investing in Bitcoin is not the right thign to do cause you can start while you put yourself in a better position by looking for a stable source of income, let's assume a guy that receives 100$ as a birthday gift and wants to buy bitcoin, although it's it's a steady income he can decide to invest up to 50$ into bitcoin or less depending on his expenses and what matters most is taht he has already started and when he has another money he can buy again and by the time he is stable he might already have some money invested into bitcoin, besides it's a long term approach so he has time to fix himself as he accumulates bitcoin.

Having a stable source of income is crucial for consistent Bitcoin accumulation while also meeting personal needs. investing money you have at the moment without having a steble source of income can impact negatively and  hinder your Bitcoin investment growth. Bitcoin investment requires one to be engaged in something that  brings earnings or wages either weekly or monthly so that certain percentage can be allocated to your Bitcoin investment no matter how little it may be and also doing it consistently, whether weekly or monthly, to ensure steady growth in your investments. Consistency is key in building your Bitcoin portfolio while balancing your financial responsibilities. It's all about finding that balance and staying committed to your investment goals.

Investors are generally advised to build funds and then start investing to ensure consistency in their investments. It is applicable only to those investors who are very serious about their investment and who do not want to disturb the continuity of investment in any way. But I think that an investor can continue to invest properly as long as he doesn't feel too much pressure on his investment. Whenever an investor feels investment pressure he will not be satisfied with his investment and will feel that he should sell this investment. So the investor will invest according to his ability and when he gets time to invest he will invest so that even if the investment is not continuous he can hold his investment for a long time.

I don't think that it is right for any new investor that wants to start his bitcoin journey to build up funds before venturing into bitcoin investment and that will be a waste of time because you can get started immediately with the little funds that you have on you instead of saving and building it up in fiat before investing into bitcoin. Since that investor is a no coiner, he needs to start buying bitcoin using DCA strategy whereby he can buy bitcoin weekly or monthly with his discretionary income for 4-10 years and above.

That is better, because if he starts saving money to reach a big amount before buying, he will not be able to have a good bitcoin size in 10yrs time  compared to when he starts putting the money that he is saving in fiat into bitcoin. Imagine that you have a ten years bitcoin investment plan and you used one year to pile up $2600 which you have being saving $50 weekly, and he used that money to lump sum the next year. Imagine that if he didn't wait to pile up that money and he started right away, he has the advantage to buy bitcoin at different price level every week at $50 through DCA. In one year time he would have accumulated more that $2600 worth of bitcoin, because he bought right away and might even buy at a more cheaper price compared to the guy was was saving his money before buying.

The guy that saved his money might not be able to buy with all his $2600  because there might be some challenges that will come around that will make him use part of the money that he is saving to buy bitcoin. Another thing is that what if bitcoin price is very high during when he has gotten the bulk money, will he start waiting for the dip before buying, he will miss a lot of buying opportunities in the market within that one year that he was busy piling up fiat. Fiat depreciates, so it is better to start keeping the value of your money in bitcoin. I just used one 1 year for for my explaining, to give a fast understanding. Bitcoin investment should be on a long-term goal and start right away because time waits for no one, bitcoin price increases as time passes on and waits for nobody.

[Bravut]

You don't need to have a stable income before you start investing into bitcoin, you can start with what ever amount you have, waiting to stabilise before investing in Bitcoin is not the right thign to do cause you can start while you put yourself in a better position by looking for a stable source of income, let's assume a guy that receives 100$ as a birthday gift and wants to buy bitcoin, although it's it's a steady income he can decide to invest up to 50$ into bitcoin or less depending on his expenses and what matters most is taht he has already started and when he has another money he can buy again and by the time he is stable he might already have some money invested into bitcoin, besides it's a long term approach so he has time to fix himself as he accumulates bitcoin.

Having a stable source of income is crucial for consistent Bitcoin accumulation while also meeting personal needs. investing money you have at the moment without having a steble source of income can impact negatively and  hinder your Bitcoin investment growth. Bitcoin investment requires one to be engaged in something that  brings earnings or wages either weekly or monthly so that certain percentage can be allocated to your Bitcoin investment no matter how little it may be and also doing it consistently, whether weekly or monthly, to ensure steady growth in your investments. Consistency is key in building your Bitcoin portfolio while balancing your financial responsibilities. It's all about finding that balance and staying committed to your investment goals.

Investors are generally advised to build funds and then start investing to ensure consistency in their investments. It is applicable only to those investors who are very serious about their investment and who do not want to disturb the continuity of investment in any way. But I think that an investor can continue to invest properly as long as he doesn't feel too much pressure on his investment. Whenever an investor feels investment pressure he will not be satisfied with his investment and will feel that he should sell this investment. So the investor will invest according to his ability and when he gets time to invest he will invest so that even if the investment is not continuous he can hold his investment for a long time.

When it comes to investing, there is no specific time to start investing  but to start right away, that does not imply one invest in Bitcoin without planning or having a stable income or source of funds, the discretionary funds do not need to be a million or thousands of dollars, but what one can afford consistently without it interfering with daily needs or exhausting him. We must understand the fact that irregularities in Bitcoin Accumulation would not yield any good result, so every move must be a calculated one.

[Mayor of ogba]

You don't need to have a stable income before you start investing into bitcoin, you can start with what ever amount you have, waiting to stabilise before investing in Bitcoin is not the right thign to do cause you can start while you put yourself in a better position by looking for a stable source of income, let's assume a guy that receives 100$ as a birthday gift and wants to buy bitcoin, although it's it's a steady income he can decide to invest up to 50$ into bitcoin or less depending on his expenses and what matters most is taht he has already started and when he has another money he can buy again and by the time he is stable he might already have some money invested into bitcoin, besides it's a long term approach so he has time to fix himself as he accumulates bitcoin.

Having a stable source of income is crucial for consistent Bitcoin accumulation while also meeting personal needs. investing money you have at the moment without having a steble source of income can impact negatively and  hinder your Bitcoin investment growth. Bitcoin investment requires one to be engaged in something that  brings earnings or wages either weekly or monthly so that certain percentage can be allocated to your Bitcoin investment no matter how little it may be and also doing it consistently, whether weekly or monthly, to ensure steady growth in your investments. Consistency is key in building your Bitcoin portfolio while balancing your financial responsibilities. It's all about finding that balance and staying committed to your investment goals.

Investors are generally advised to build funds and then start investing to ensure consistency in their investments. It is applicable only to those investors who are very serious about their investment and who do not want to disturb the continuity of investment in any way. But I think that an investor can continue to invest properly as long as he doesn't feel too much pressure on his investment. Whenever an investor feels investment pressure he will not be satisfied with his investment and will feel that he should sell this investment. So the investor will invest according to his ability and when he gets time to invest he will invest so that even if the investment is not continuous he can hold his investment for a long time.

I see the idea of building up funds first before accumulating bitcoin as a plan that will delay our bitcoin accumulation journey. Instead of trying to build up funds before accumulating bitcoin, you can use the DCA strategy to accumulate bitcoin either weekly or monthly, whenever your money is readily available. There's no pressure to invest in bitcoin; no one is forcing you to do so. The only thing that can make you sell your bitcoin when it's not time for you to sell it is when you use your whole money to invest in bitcoin. You will depend on your bitcoin investment to survive because you used all your money to invest in bitcoin.

[promise444c5]

When it comes to investing, there is no specific time to start investing  but to start right away, that does not imply one invest in Bitcoin without planning or having a stable income or source of funds, the discretionary funds do not need to be a million or thousands of dollars, but what one can afford consistently without it interfering with daily needs or exhausting him. We must understand the fact that irregularities in Bitcoin Accumulation would not yield any good result, so every move must be a calculated one.

You're right with the no specific time to start one's investment, setting a time to me just some kinda excuse which bitcoin can't even buy   ...  as a no human factor
However, having  a stable income might not really matter,  don't get me wrong it's good to have a stable income but if you have none and you wish to invest, adjusting  to how you earn can be done till you  find a stable sorce and with that adjustment can still be done from time to time...
I don't know your classification of irregularities but I can only think of one irregularity, withdrawing investment totally to restart (maybe for emergency) this my really serve as a major setback in investment and the main reason why there's is a need for emergency fund....

[Felicity_Tide]

~

I see the idea of building up funds first before accumulating bitcoin as a plan that will delay our bitcoin accumulation journey. Instead of trying to build up funds before accumulating bitcoin, you can use the DCA strategy to accumulate bitcoin either weekly or monthly, whenever your money is readily available. There's no pressure to invest in bitcoin; no one is forcing you to do so. The only thing that can make you sell your bitcoin when it's not time for you to sell it is when you use your whole money to invest in bitcoin. You will depend on your bitcoin investment to survive because you used all your money to invest in bitcoin.

Why try to build up funds before investing when the dollar keeps falling occasionally. The DCA method is very simple and straight forward. Just invest your budget plan the very minute your income comes in, and you will have a reason to smile in the future. Just as you've said, there is literally no pressure in doing this since it's a personal decision to choose a certain amount that can be invested on a regular basis. This whole idea should be backed up with consistency and patience, as it's the only way to enjoy a DCA form of investment. There shouldn't be any pressure to sell either when you've made a proper plans to set aside the amount you are okay with. Assuming you earn $100, and choose to set $20 for your DCA approach, you shouldn't be tempted in anyway to touch your investment in years to come.

[Justbillywitt]

You don't need to have a stable income before you start investing into bitcoin, you can start with what ever amount you have, waiting to stabilise before investing in Bitcoin is not the right thign to do cause you can start while you put yourself in a better position by looking for a stable source of income, let's assume a guy that receives 100$ as a birthday gift and wants to buy bitcoin, although it's it's a steady income he can decide to invest up to 50$ into bitcoin or less depending on his expenses and what matters most is taht he has already started and when he has another money he can buy again and by the time he is stable he might already have some money invested into bitcoin, besides it's a long term approach so he has time to fix himself as he accumulates bitcoin.

Having a stable source of income is crucial for consistent Bitcoin accumulation while also meeting personal needs. investing money you have at the moment without having a steble source of income can impact negatively and  hinder your Bitcoin investment growth. Bitcoin investment requires one to be engaged in something that  brings earnings or wages either weekly or monthly so that certain percentage can be allocated to your Bitcoin investment no matter how little it may be and also doing it consistently, whether weekly or monthly, to ensure steady growth in your investments. Consistency is key in building your Bitcoin portfolio while balancing your financial responsibilities. It's all about finding that balance and staying committed to your investment goals.

Investors are generally advised to build funds and then start investing to ensure consistency in their investments. It is applicable only to those investors who are very serious about their investment and who do not want to disturb the continuity of investment in any way. But I think that an investor can continue to invest properly as long as he doesn't feel too much pressure on his investment. Whenever an investor feels investment pressure he will not be satisfied with his investment and will feel that he should sell this investment. So the investor will invest according to his ability and when he gets time to invest he will invest so that even if the investment is not continuous he can hold his investment for a long time.

I see the idea of building up funds first before accumulating bitcoin as a plan that will delay our bitcoin accumulation journey. Instead of trying to build up funds before accumulating bitcoin, you can use the DCA strategy to accumulate bitcoin either weekly or monthly, whenever your money is readily available. There's no pressure to invest in bitcoin; no one is forcing you to do so. The only thing that can make you sell your bitcoin when it's not time for you to sell it is when you use your whole money to invest in bitcoin. You will depend on your bitcoin investment to survive because you used all your money to invest in bitcoin.

I don't even support the idea of piling up funds before investing in bitcoin. Nobody can predict the future and nobody knows what will happen the next minutes, besides the funds you are keeping can easily be diverted to other things. Money is best invested the moment it is readily available, procastinating it can be dangerous. Just imagine you have money that you are piling up somewhere and suddenly something happen you will dip hand into it and solve the problem, but when you have invested the money in bitcoin, you won't have the mind to go to your investment to take money from there, rather you will seek for other sources to raise money and solve the situation, should Incase the money involved is bigger than what you have in your emergency funds, reserve funds and discretionary funds.

But if the cash that's been piled up is still with you, you won't have the urge to look for money elsewhere. Nobody will have physical cash with him or Her that will not use it to fix himself up. But if the cash is not there you will be forced to look for other means. In nutshell I don't support building up funds before investing in bitcoin. You can be buying it bit by bit as the money keeps coming, that's why it's called bitcoin. Buy the little you can once you have the money.

[Btcdeybodi]

You don't need to have a stable income before you start investing into bitcoin, you can start with what ever amount you have, waiting to stabilise before investing in Bitcoin is not the right thign to do cause you can start while you put yourself in a better position by looking for a stable source of income, let's assume a guy that receives 100$ as a birthday gift and wants to buy bitcoin, although it's it's a steady income he can decide to invest up to 50$ into bitcoin or less depending on his expenses and what matters most is taht he has already started and when he has another money he can buy again and by the time he is stable he might already have some money invested into bitcoin, besides it's a long term approach so he has time to fix himself as he accumulates bitcoin.

Having a stable source of income is crucial for consistent Bitcoin accumulation while also meeting personal needs. investing money you have at the moment without having a steble source of income can impact negatively and  hinder your Bitcoin investment growth. Bitcoin investment requires one to be engaged in something that  brings earnings or wages either weekly or monthly so that certain percentage can be allocated to your Bitcoin investment no matter how little it may be and also doing it consistently, whether weekly or monthly, to ensure steady growth in your investments. Consistency is key in building your Bitcoin portfolio while balancing your financial responsibilities. It's all about finding that balance and staying committed to your investment goals.

Investors are generally advised to build funds and then start investing to ensure consistency in their investments. It is applicable only to those investors who are very serious about their investment and who do not want to disturb the continuity of investment in any way. But I think that an investor can continue to invest properly as long as he doesn't feel too much pressure on his investment. Whenever an investor feels investment pressure he will not be satisfied with his investment and will feel that he should sell this investment. So the investor will invest according to his ability and when he gets time to invest he will invest so that even if the investment is not continuous he can hold his investment for a long time.

I don't think that it is right for any new investor that wants to start his bitcoin journey to build up funds before venturing into bitcoin investment and that will be a waste of time because you can get started immediately with the little funds that you have on you instead of saving and building it up in fiat before investing into bitcoin. Since that investor is a no coiner, he needs to start buying bitcoin using DCA strategy whereby he can buy bitcoin weekly or monthly with his discretionary income for 4-10 years and above.

That is better, because if he starts saving money to reach a big amount before buying, he will not be able to have a good bitcoin size in 10yrs time  compared to when he starts putting the money that he is saving in fiat into bitcoin. Imagine that you have a ten years bitcoin investment plan and you used one year to pile up $2600 which you have being saving $50 weekly, and he used that money to lump sum the next year. Imagine that if he didn't wait to pile up that money and he started right away, he has the advantage to buy bitcoin at different price level every week at $50 through DCA. In one year time he would have accumulated more that $2600 worth of bitcoin, because he bought right away and might even buy at a more cheaper price compared to the guy was was saving his money before buying.

The guy that saved his money might not be able to buy with all his $2600  because there might be some challenges that will come around that will make him use part of the money that he is saving to buy bitcoin. Another thing is that what if bitcoin price is very high during when he has gotten the bulk money, will he start waiting for the dip before buying, he will miss a lot of buying opportunities in the market within that one year that he was busy piling up fiat. Fiat depreciates, so it is better to start keeping the value of your money in bitcoin. I just used one 1 year for for my explaining, to give a fast understanding. Bitcoin investment should be on a long-term goal and start right away because time waits for no one, bitcoin price increases as time passes on and waits for nobody.

There is one mistake people do when they want to start up their Bitcoin investment and the mistake is trying to accumulate enough Fiat before investing though it is not bad to accumulate large amounts in Fiat and use it to by Bitcoin at a go but in most cases it is difficult to maintain because you can be accumulating Fiat and using part of it to solve immediate problems before you know you must have used up a higher percentage of your Fiat that you intend to use and buy Bitcoin.

I personally, I have two sources of income so what I do is that I leave one part of my income in Fiat just to take care of some real life expenditures and the other part of my income to accumulate bitcoin using the DCA so it makes me to feel so relaxed because i know nothing will interfere between the money am using to DCA because i already have Fiat to attend to any of my needs so starting up an investment doesn't mean you should have a huge amount of money before making a step and if you even have that mentality of saving a huge amount before you buy Bitcoin, it's either you will buy at a high price when you could have bought at a low price if you started accumulating by DCA or you can even lose interest not to buy if you discover that the price is very high because you will now consider the price when you started accumulating Fiat to buy Bitcoin and the price when you finally gotten the amount you want to start with so it may discourage you not to even start at all and you could even begin to reason about investing on real life projects thereby your aim to accumulate Bitcoin will be halted.

Accumulating little by little using the DCA is a sure way to own a huge portfolio. Most people who own huge portfolio today started very little and now they are proud they took the bold step. There are times when we feel that our investments is too little but by consistency the investment begins to grow with time but if you decide to meet a target before you start accumulating, you may end up with nothing or not accumulating at all.

[Popkon6]

~

I see the idea of building up funds first before accumulating bitcoin as a plan that will delay our bitcoin accumulation journey. Instead of trying to build up funds before accumulating bitcoin, you can use the DCA strategy to accumulate bitcoin either weekly or monthly, whenever your money is readily available. There's no pressure to invest in bitcoin; no one is forcing you to do so. The only thing that can make you sell your bitcoin when it's not time for you to sell it is when you use your whole money to invest in bitcoin. You will depend on your bitcoin investment to survive because you used all your money to invest in bitcoin.

Why try to build up funds before investing when the dollar keeps falling occasionally. The DCA method is very simple and straight forward. Just invest your budget plan the very minute your income comes in, and you will have a reason to smile in the future. Just as you've said, there is literally no pressure in doing this since it's a personal decision to choose a certain amount that can be invested on a regular basis.

Investors should immediately remember when investing in Bitcoin that they only want to accumulate fiat money before investing. But each of them should buy bitcoins with the price of bitcoins then it will be a worthwhile investment. 
And must plan and participate in planned investments, if fiat money accumulates for a long time. And buying Bitcoin in one step with that deposit will never be invested under the DCA method. Investments should be managed through weekly or monthly investments on a regular basis with the price of Bitcoin.

This whole idea should be backed up with consistency and patience, as it's the only way to enjoy a DCA form of investment. There shouldn't be any pressure to sell either when you've made a proper plans to set aside the amount you are okay with. Assuming you earn $100, and choose to set $20 for your DCA approach, you shouldn't be tempted in anyway to touch your investment in years to come.

If you don't invest according to the investment strategies, you will stumble again and again. Because long-term investing can only be successful with the DCA method, because the DCA method controls the average level of Bitcoin purchases. This is the reality the more robust the plan is and deposit part of your income into Bitcoin, and deposit it into a strong wallet for a long time. Whenever a person buys and accumulates bitcoins repeatedly, he can definitely achieve success, and if he holds it for a long time, it is definitely possible to achieve success.

[laijsica]

~

I see the idea of building up funds first before accumulating bitcoin as a plan that will delay our bitcoin accumulation journey. Instead of trying to build up funds before accumulating bitcoin, you can use the DCA strategy to accumulate bitcoin either weekly or monthly, whenever your money is readily available. There's no pressure to invest in bitcoin; no one is forcing you to do so. The only thing that can make you sell your bitcoin when it's not time for you to sell it is when you use your whole money to invest in bitcoin. You will depend on your bitcoin investment to survive because you used all your money to invest in bitcoin.

Why try to build up funds before investing when the dollar keeps falling occasionally. The DCA method is very simple and straight forward. Just invest your budget plan the very minute your income comes in, and you will have a reason to smile in the future. Just as you've said, there is literally no pressure in doing this since it's a personal decision to choose a certain amount that can be invested on a regular basis.

Investors should immediately remember when investing in Bitcoin that they only want to accumulate fiat money before investing. But each of them should buy bitcoins with the price of bitcoins then it will be a worthwhile investment. 
And must plan and participate in planned investments, if fiat money accumulates for a long time. And buying Bitcoin in one step with that deposit will never be invested under the DCA method. Investments should be managed through weekly or monthly investments on a regular basis with the price of Bitcoin.

This whole idea should be backed up with consistency and patience, as it's the only way to enjoy a DCA form of investment. There shouldn't be any pressure to sell either when you've made a proper plans to set aside the amount you are okay with. Assuming you earn $100, and choose to set $20 for your DCA approach, you shouldn't be tempted in anyway to touch your investment in years to come.

If you don't invest according to the investment strategies, you will stumble again and again. Because long-term investing can only be successful with the DCA method, because the DCA method controls the average level of Bitcoin purchases. This is the reality the more robust the plan is and deposit part of your income into Bitcoin, and deposit it into a strong wallet for a long time. Whenever a person buys and accumulates bitcoins repeatedly, he can definitely achieve success, and if he holds it for a long time, it is definitely possible to achieve success.

I agree with you. Dollar Cost Averaging (DCA) is a valuable wealth creation strategy that recommends accumulating regularly. You need to have a secure pool of disposable income when you adopt the strategy of depositing bitcoins through this method. Having sufficient cash liquidity to last long. Emphasis on accumulating bitcoins regardless of their value. To get a decent Bitcoin portfolio you need at least 4-10 years of uninterrupted accumulation over a period of time. Of course, depending on the size of your accumulated fractions to get a complete circle. The more you deposit each month the less time it will take to fill your bitcoin circle. You must remember that Dollar Cost Averaging (DCA) is a popular way to accumulate Bitcoins which I also follow. This strategy can be an ideal and timely means for people of any income to succeed. Holding the utmost importance.

[JayJuanGee]

[edited out]

I agree with you. Dollar Cost Averaging (DCA) is a valuable wealth creation strategy that recommends accumulating regularly. You need to have a secure pool of disposable income when you adopt the strategy of depositing bitcoins through this method. Having sufficient cash liquidity to last long. Emphasis on accumulating bitcoins regardless of their value. To get a decent Bitcoin portfolio you need at least 4-10 years of uninterrupted accumulation over a period of time. Of course, depending on the size of your accumulated fractions to get a complete circle. The more you deposit each month the less time it will take to fill your bitcoin circle. You must remember that Dollar Cost Averaging (DCA) is a popular way to accumulate Bitcoins which I also follow. This strategy can be an ideal and timely means for people of any income to succeed. Holding the utmost importance.

If you are brand new to investing, it may well take you longer than 10 years to establish a solid bitcoin position, including both the amount that you put in and also how much bitcoin might have had appreciated in prices during the time that you had been investing.

For example, if you merely save 10% of your overall income, then it would take you 10 years to merely reach 1 years worth of your salary... so if your goal might be to reach 10 to 25 years of your annual salary, then it could take you a bit more time to reach those kinds of levels - unless if you are investing more aggressively or if bitcoin prices appreciate at some point after you had already been investing for a while..

I would not assume that DCA is going to solve all of your problems, especially if you are a fairly whimpy investor, yet there still is truth to the matter than normal people sometimes do not invest much if anything, so DCA can really be helpful for normal people to establish some kind of an investment level that they would not have otherwise had been able to achieve.. yet it still takes some effort of setting aside some money during that investment period whether that be 4-10 years or longer.. maybe even 20-30 or more years, even though many of us expect that normies who are investing regularly, consistently, persistently and even aggressively into bitcoin may well be able to reach higher levels of progress as compared with traditional investments that might not allow for the reaching of higher levels of progress (even though of course there are no guarantees regarding where bitcoin is going to go or if it will end up being better than traditional investments).

[boty]

I see the idea of building up funds first before accumulating bitcoin as a plan that will delay our bitcoin accumulation journey. Instead of trying to build up funds before accumulating bitcoin, you can use the DCA strategy to accumulate bitcoin either weekly or monthly, whenever your money is readily available. There's no pressure to invest in bitcoin; no one is forcing you to do so. The only thing that can make you sell your bitcoin when it's not time for you to sell it is when you use your whole money to invest in bitcoin. You will depend on your bitcoin investment to survive because you used all your money to invest in bitcoin.

Indeed, this idea can delay us in accumulating Bitcoin and it will also make us delay the profits that we have obtained. Yes, using the DCA method in collecting Bitcoin will make it easier for us to collect Bitcoin. We can use any amount of funds and set our own schedule for collecting of course. we have to do it consistently, in making investments of course we have to be able to make our own decisions and don't let other people influence the decisions we make in investing, if we use all the funds we have to make investments of course this will make it difficult for us to maintain our investments and it would be better if we could have remaining savings for the needs we need to be able to carry out investments well.

[NurseHub]

Personally, I feel Bitcoin is like planting a tree and watching it grow.
That's how patient one needs to be.

Buying a bitcoin and holding it can be a solid investment strategy.
The Bitcoin market can be very tricky sometimes, but it's best to buy it when you can afford it and hold it for a long-term perspective.
Another strategy is that instead of buying your bitcoin at once, you can buy it bit by bit at different times.

This can help you not buy all your coins at a high price. It's playing safe, not putting all your eggs in one basket. Avoid the FOMO and not do enough research.
Being cautious and not investing more than you can afford.
 

[Minor Miner]

You don't need to have a stable income before you start investing into bitcoin, you can start with what ever amount you have, waiting to stabilise before investing in Bitcoin is not the right thign to do cause you can start while you put yourself in a better position by looking for a stable source of income, let's assume a guy that receives 100$ as a birthday gift and wants to buy bitcoin, although it's it's a steady income he can decide to invest up to 50$ into bitcoin or less depending on his expenses and what matters most is taht he has already started and when he has another money he can buy again and by the time he is stable he might already have some money invested into bitcoin, besides it's a long term approach so he has time to fix himself as he accumulates bitcoin.

Having a stable source of income is crucial for consistent Bitcoin accumulation while also meeting personal needs. investing money you have at the moment without having a steble source of income can impact negatively and  hinder your Bitcoin investment growth. Bitcoin investment requires one to be engaged in something that  brings earnings or wages either weekly or monthly so that certain percentage can be allocated to your Bitcoin investment no matter how little it may be and also doing it consistently, whether weekly or monthly, to ensure steady growth in your investments. Consistency is key in building your Bitcoin portfolio while balancing your financial responsibilities. It's all about finding that balance and staying committed to your investment goals.

Investors are generally advised to build funds and then start investing to ensure consistency in their investments. It is applicable only to those investors who are very serious about their investment and who do not want to disturb the continuity of investment in any way. But I think that an investor can continue to invest properly as long as he doesn't feel too much pressure on his investment. Whenever an investor feels investment pressure he will not be satisfied with his investment and will feel that he should sell this investment. So the investor will invest according to his ability and when he gets time to invest he will invest so that even if the investment is not continuous he can hold his investment for a long time.

I don't think that it is right for any new investor that wants to start his bitcoin journey to build up funds before venturing into bitcoin investment and that will be a waste of time because you can get started immediately with the little funds that you have on you instead of saving and building it up in fiat before investing into bitcoin. Since that investor is a no coiner, he needs to start buying bitcoin using DCA strategy whereby he can buy bitcoin weekly or monthly with his discretionary income for 4-10 years and above.

That is better, because if he starts saving money to reach a big amount before buying, he will not be able to have a good bitcoin size in 10yrs time  compared to when he starts putting the money that he is saving in fiat into bitcoin. Imagine that you have a ten years bitcoin investment plan and you used one year to pile up $2600 which you have being saving $50 weekly, and he used that money to lump sum the next year. Imagine that if he didn't wait to pile up that money and he started right away, he has the advantage to buy bitcoin at different price level every week at $50 through DCA. In one year time he would have accumulated more that $2600 worth of bitcoin, because he bought right away and might even buy at a more cheaper price compared to the guy was was saving his money before buying.

The guy that saved his money might not be able to buy with all his $2600  because there might be some challenges that will come around that will make him use part of the money that he is saving to buy bitcoin. Another thing is that what if bitcoin price is very high during when he has gotten the bulk money, will he start waiting for the dip before buying, he will miss a lot of buying opportunities in the market within that one year that he was busy piling up fiat. Fiat depreciates, so it is better to start keeping the value of your money in bitcoin. I just used one 1 year for for my explaining, to give a fast understanding. Bitcoin investment should be on a long-term goal and start right away because time waits for no one, bitcoin price increases as time passes on and waits for nobody.

A real-life example of what you're talking about. If I remember correctly, in the first months of 2023, bitcoin was only trading around the 15k$-17k$ area, but by Q1 2024, bitcoin had reached its ATH at 73k$. It can be seen that in just 1 or 1.5 years, bitcoin can increase from $17k to $73k and if someone plans to accumulate a large amount of money before investing in bitcoin. Not only do they have to face currency devaluation, but they also miss out on many opportunities to buy bitcoin at cheaper prices today, and they can even make significant profits if they buy bitcoin weekly/monthly(depending on their income.)

We should buy bitcoins whenever possible, regardless of the amount instead of thinking that we need to accumulate a significant amount of money before buying bitcoins. Although bitcoin is unpredictable and can have short-term fluctuations, if we look at the bigger picture, the long-term picture, bitcoin will only have one trend: up and up. Therefore, hesitating and waiting only makes us have to buy bitcoin at a more expensive price.

Use the DCA strategy weekly/monthly and every time we have idle money, don't hesitate and wait for the price to drop or think that it takes a large amount of money to invest in bitcoin.
Investing in bitcoin does not discriminate on age, skin color, rich or poor, unlike other assets, with bitcoin we can start with any capital we have. There are no standards or regulations that say we cannot invest in bitcoin if we do not have a large and significant amount of money.

[Zackz5000]

Another strategy is that instead of buying your bitcoin at once, you can buy it bit by bit at different times.

I think that's the DCA strategy you are talking about. The DCA strategy helps you to accumulate more Bitcoin in different price level either weekly or monthly as long as you have made your discretionary income available you can accumulate more Bitcoin and hodl for 4-10 years and above, because it is your discretionary income that will enable you to hodl your Bitcoin investment for a longer period of time for it will give you the opportunity to accumulate more Bitcoin and not to sell them out when basic needs may arise. Though there are also other strategies to accumulate Bitcoin we have the buy the dip strategy also the lump sum strategy but for low coiners buying the dip may not really be a good strategy of accumulating Bitcoin unless he or she started with the lump sum strategy.

[Rockstarguy]

I see the idea of building up funds first before accumulating bitcoin as a plan that will delay our bitcoin accumulation journey. Instead of trying to build up funds before accumulating bitcoin, you can use the DCA strategy to accumulate bitcoin either weekly or monthly, whenever your money is readily available. There's no pressure to invest in bitcoin; no one is forcing you to do so. The only thing that can make you sell your bitcoin when it's not time for you to sell it is when you use your whole money to invest in bitcoin. You will depend on your bitcoin investment to survive because you used all your money to invest in bitcoin.

I think building up funds first is looking for away of having a stable income. Having a stable income it can enable one to invest atleast with the amount one can afford. If we look it in the other way saving money first to start up bitcoin investment,  I don't see it to be building because even if one saves some money to start up investment and no steady source of income, if their should be a problem that money is needed to solve it, it is possible that one can sell out the bitcoin to settle the problem.  But when one have a source of income , even if the person is investing with a little amount in bitcoin atleast with the steady source of income the basic problems can be solved without thinking of selling bitcoin.

Saving money to start bitcoin investment is not a solution of having a successful investment but having a steady source of income  can sustain an investment. Savings without steady source of income to begin investment will be a difficult experience to keep investment going .

[Barikui1]

I see the idea of building up funds first before accumulating bitcoin as a plan that will delay our bitcoin accumulation journey. Instead of trying to build up funds before accumulating bitcoin, you can use the DCA strategy to accumulate bitcoin either weekly or monthly, whenever your money is readily available. There's no pressure to invest in bitcoin; no one is forcing you to do so. The only thing that can make you sell your bitcoin when it's not time for you to sell it is when you use your whole money to invest in bitcoin. You will depend on your bitcoin investment to survive because you used all your money to invest in bitcoin.

I think building up funds first is looking for away of having a stable income. Having a stable income it can enable one to invest atleast with the amount one can afford. If we look it in the other way saving money first to start up bitcoin investment,  I don't see it to be building because even if one saves some money to start up investment and no steady source of income, if their should be a problem that money is needed to solve it, it is possible that one can sell out the bitcoin to settle the problem.  But when one have a source of income , even if the person is investing with a little amount in bitcoin atleast with the steady source of income the basic problems can be solved without thinking of selling bitcoin.

Saving money to start bitcoin investment is not a solution of having a successful investment but having a steady source of income  can sustain an investment. Savings without steady source of income to begin investment will be a difficult experience to keep investment going .

I totally agree to what you are saying, and I also want to add to what you have already said, saving to invest in Bitcoin is not the perfect idea too me because, when you save in fiat, it's very dangerous for the value of that money, because all money being saved up has an enemy, which is inflation, so if you start saving with the intention of investing into Bitcoin, I am very much positive that after a year or there about that you wanted to use the money to invest, the value will never remain the same again, because inflation will definitely take part it's own share, so if you want to save any money, the best thing to do is that, since it's a money you can do away without, it would be better to hold that money in Bitcoin, through the DCA strategy, or hold it in anything that appreciate in value overtime, so that inflation wouldn't have a negative effect on it.

Lastly, having a steady source of income is very much key in Bitcoin investment, so that you won't have to fall back to your investment for survival, especially when the investment has not blossom.

[Tmoonz]

Another strategy is that instead of buying your bitcoin at once, you can buy it bit by bit at different times.

I think that's the DCA strategy you are talking about. The DCA strategy helps you to accumulate more Bitcoin in different price level either weekly or monthly as long as you have made your discretionary income available you can accumulate more Bitcoin and hodl for 4-10 years and above, because it is your discretionary income that will enable you to hodl your Bitcoin investment for a longer period of time for it will give you the opportunity to accumulate more Bitcoin and not to sell them out when basic needs may arise. Though there are also other strategies to accumulate Bitcoin we have the buy the dip strategy also the lump sum strategy but for low coiners buying the dip may not really be a good strategy of accumulating Bitcoin unless he or she started with the lump sum strategy.

Bitcoin dip  is considered to be a decline in price, in as much as it shouldn't be seen as a primary strategy for accumulating Bitcoin especially for a low coiner that doesn't mean such strategy is not good to be utilized by a low coiner that have made preparations to buy the Bitcoin dip along side his consistence dcaing and must not necessarily start his investment with the lump sum, it is only when a low coiner attempt making buying the dip as primary strategy or considering buying the dip without preparations that it will become problematic in his investment journey. However combination of various strategies can be good if proper planning are carried out such that it will not be a burden or negatively influence your other living expenses.

[Moreno233]

I think that's the DCA strategy you are talking about. The DCA strategy helps you to accumulate more Bitcoin in different price level either weekly or monthly as long as you have made your discretionary income available you can accumulate more Bitcoin and hodl for 4-10 years and above, because it is your discretionary income that will enable you to hodl your Bitcoin investment for a longer period of time for it will give you the opportunity to accumulate more Bitcoin and not to sell them out when basic needs may arise. Though there are also other strategies to accumulate Bitcoin we have the buy the dip strategy also the lump sum strategy but for low coiners buying the dip may not really be a good strategy of accumulating Bitcoin unless he or she started with the lump sum strategy.

Bitcoin dip  is considered to be a decline in price, in as much as it shouldn't be seen as a primary strategy for accumulating Bitcoin especially for a low coiner that doesn't mean such strategy is not good to be utilized by a low coiner that have made preparations to buy the Bitcoin dip along side his consistence dcaing and must not necessarily start his investment with the lump sum, it is only when a low coiner attempt making buying the dip as primary strategy or considering buying the dip without preparations that it will become problematic in his investment journey. However combination of various strategies can be good if proper planning are carried out such that it will not be a burden or negatively influence your other living expenses.

A lot of investors seems to be using the hybrid DCA method and buying the dip and that seems pretty efficient to me. It allows the invest maximize the opportunities that is being offered by every market condition. Do you consider the present market condition a dip? I mean a drop in price from $71k to a little above $67k. The problem with buying the dip is usually the understanding of what constitute a dip and what doesn't. It is however easier for the more experienced investors and not the newer investors. For me any price drop that is a differential of $5k is enough for me to enter and if it goes further by another $5k drop from the point of the first entry, another orders will be filled. I make it this way so that I can execute it effortlessly and also control greed which can make someone failing to enter hoping it will go lower. This pattern is usually combined with my weekly DCA that is running smoothly.

[G_Besar]

Personally, I feel Bitcoin is like planting a tree and watching it grow.
That's how patient one needs to be.

Buying a bitcoin and holding it can be a solid investment strategy.
The Bitcoin market can be very tricky sometimes, but it's best to buy it when you can afford it and hold it for a long-term perspective.
Another strategy is that instead of buying your bitcoin at once, you can buy it bit by bit at different times.

This can help you not buy all your coins at a high price. It's playing safe, not putting all your eggs in one basket. Avoid the FOMO and not do enough research.
Being cautious and not investing more than you can afford.

People who like to buy and hold Bitcoin do not need to panic too much about complicated market conditions as long as the person does not use the market to trade. And I think FOMO and research are only needed by beginners who are just getting to know Bitcoin because those who have known Bitcoin for a long time no longer need to do research repeatedly on the same asset model as Bitcoin. Additionally, if you suggest not putting eggs in one basket, it may only be more suitable for those who like to carry multiple baskets with the same contents. Because those who put all their money in Bitcoin will not experience losses as long as they don't sell it at a low price or when the price is being corrected like now.

[Lidger]

I see the idea of building up funds first before accumulating bitcoin as a plan that will delay our bitcoin accumulation journey. Instead of trying to build up funds before accumulating bitcoin, you can use the DCA strategy to accumulate bitcoin either weekly or monthly, whenever your money is readily available. There's no pressure to invest in bitcoin; no one is forcing you to do so. The only thing that can make you sell your bitcoin when it's not time for you to sell it is when you use your whole money to invest in bitcoin. You will depend on your bitcoin investment to survive because you used all your money to invest in bitcoin.

Indeed, this idea can delay us in accumulating Bitcoin and it will also make us delay the profits that we have obtained. Yes, using the DCA method in collecting Bitcoin will make it easier for us to collect Bitcoin. We can use any amount of funds and set our own schedule for collecting of course. we have to do it consistently, in making investments of course we have to be able to make our own decisions and don't let other people influence the decisions we make in investing, if we use all the funds we have to make investments of course this will make it difficult for us to maintain our investments and it would be better if we could have remaining savings for the needs we need to be able to carry out investments well.

Everyone who starts investing for the first time has the idea that they will employ a long-term plan, but for many, the long-term investment plan may not materialize. Some may fail to invest consistently while there are some investors who end up not holding their investments due to various financial crises. Apart from these, those who end up holding their investments for a long time but definitely get a lot better from the investment. DCA investment method is definitely an effective and simple investment method when it comes to long term investment. In addition to the DCA investment strategy, if the investor can build an emergency fund, the continuity of the investment is ensured. If an investor can invest these two combinations then he can later consider himself a successful investor.