Buy Bitcoin, and HODL!

[Samlucky O]

I will suggest that if a person is merely buying anywhere between $10 per week/month and $100 per week/month is likely going to need way more than 10 years in order to get to a status of having had accumulated a sufficient amount of bitcoin.  Perhaps such a person will need 20-30 years or  more to really get to a decent place with his/her bitcoin stash.

For sure, each of us has differing expectations in regards to how much income that we might need to be able to live comfortably, whether we use bitcoin proceeds to completely replace any income that we have or to supplement income that we might have from other sources.

Bitcoin accumulation have to do with left over cash flow and at that not having sufficient steady monthly or weekly set aside founds let say $10 or even $20 which is way too much time to come up with a significant amount of bitcoin starsh, but then just as you said, sometimes we come across unexpected huge sum and if we are able to put all down on bitcoin it could cover up for a long period of time and a journey that surpose to take 10 years to 20 years could come much faster and easier.

Yeah it all boils down to the point @JayJuanGee made that when a person or an investor is accumulating Bitcoin using $10 or $20 on weekly basis or even $100 monthly that the investor may not actually have a sufficient amount of Bitcoin within a little number of years but that however the investors will need to least give themselves 20 to 30 years before achieving a good amount of Bitcoin, and that's actually true because irrespective of how consistent people are on there Bitcoin accumulation using the normal DCA method they would need to give themselves more longer years to be able to have the sufficient amount of Bitcoin they need. However if perhaps on the process and you feel that you have more money to invest you could adjust your accumulation amount to facilitate it a bit.

Yes this will usually be the best strategy for a poor holder, as not everyone may be in favor of investing with accumulated money. So that person can regularly participate in bitcoin investment with small amount of money which is the best strategy for him. You notice that investing in the DCA method is much more likely to be a maximum long-term investment, because the price of Bitcoin is not always dumping and not always pumping.  Therefore employing DCA method is maximum perfect according to the Bitcoin price, and it controls the average price.

The DCA strategy was not designed for poor investors; both the rich and the poor can use this strategy to accumulate bitcoin if they want to. Every investor accumulates bitcoin with the DCA strategy for different reasons, but one of the main reasons that attracts people to use the DCA strategy to accumulate bitcoin is that it will control their emotions. With the DCA strategy, you will never want to wait for the bitcoin price to drop before you can accumulate a stash. You will accumulate bitcoin anytime your money is readily available, even though bitcoin is high, because you know if there is a dip, the DCA strategy will still allow you to accumulate bitcoin.

Yes exactly DCA strategy is not only for the poor as @finepoine0 claims, as a matter of fact DCA is for everyone because there is no place that it is stated that a certain amount for the poor is used to accumulate. DCA is adjustable base on ones financial capacity, meaning anyone can accumulate as low as $5 and above $200 per week base on the persons source of income and the amount he or she has in discretion, so surely DCA is not for only the poor but it is a strategy that is suitable for any class or set of human being. provided that they can afford as low as $5. And $5 Bitcoin being the least amount to accumulate in DCA doesn't make it a poor people Investment strategy.

[Agbamoni]

These are different strategies in accumulating Bitcoin. Some investors use DCA strategy, others prefer buying the DIP strategy, while some DCA and also reserves funds to also buy during the DIP and some accumulate with lump-sum (Rich folks). All these approach are decisions made individually with what suits our bitcoin investment goals. Of all the strategies waiting to buy bitcoin during DIP alone without applying DCA strategy might slow your bitcoin investment growth because the price might not DIP to your desired levels and timing the market can be stressful.

Any strategy can work in investing in Bitcoin as long as the investor is consistent and do not deviate from accumulating enough Bitcoin as well as holding it for long. The decisions will make is what matter at the end, whether we chose to sell along the line taking gains (which is not advisable as it may slow the accumulation process) or we choose to hold our investor for longer purposes (quite the best approach) and benefits.

So why wait for the price to dip when you can be accumulating bitcoin through DCAing consistently to ensure steady accumulation, peradventure if it DIPs to your desired amount and you have extra bucks to buy fine but if it does not your accumulation through DCA continues to progress. DCAing can be done alone regardless of market fluctuations as long you keep it consistent but I don't see any need to wait for the DIP alone to accumulate bitcoin rather combining DCA with buy during DIPs can further enhance portfolio growth by taking advantage of lower prices when they occur.

Yeah, it is true, no matter what we do we should not stop buying Bitcoin as long as we have the funds or have decided to b allocating some percentage of our funds to investing in Bitcoin. Buying the dip is not bad at all but waiting for the dip is dangerous It may lead us to not invest in Bitcoin because we keep waiting and waiting for a dip, what it never comes. My approach to such situation is that i see every time as a dip which makes me buy more.

[wmaurik]

The DCA strategy was not designed for poor investors; both the rich and the poor can use this strategy to accumulate bitcoin if they want to. Every investor accumulates bitcoin with the DCA strategy for different reasons, but one of the main reasons that attracts people to use the DCA strategy to accumulate bitcoin is that it will control their emotions. With the DCA strategy, you will never want to wait for the bitcoin price to drop before you can accumulate a stash. You will accumulate bitcoin anytime your money is readily available, even though bitcoin is high, because you know if there is a dip, the DCA strategy will still allow you to accumulate bitcoin.

The DCA strategy is suitable for everyone from any group with any level of capital so it is very unobtrusive to continue to use by investors or by people who like to collect a certain amount of Bitcoin. Because the reason is also quite clear, namely about accumulation that is more comfortable and also does not burden the user, so this strategy can be used at any time and by anyone. But at this time there are also some people who use other strategies when they want to collect Bitcoin with goals that are not much different from the people who use this strategy, so this also needs to be looked at and understood well because the goals are almost the same.

[Kwarkam]

Yes exactly DCA strategy is not only for the poor as @finepoine0 claims, as a matter of fact DCA is for everyone because there is no place that it is stated that a certain amount for the poor is used to accumulate. DCA is adjustable base on ones financial capacity, meaning anyone can accumulate as low as $5 and above $200 per week base on the persons source of income and the amount he or she has in discretion, so surely DCA is not for only the poor but it is a strategy that is suitable for any class or set of human being. provided that they can afford as low as $5. And $5 Bitcoin being the least amount to accumulate in DCA doesn't make it a poor people Investment strategy.

Precisely! DCA is not a "poor people" strategy because it is all about consistency and discipline. The beauty of DCA is that it allows investors to benefit from both market highs and lows, resulting in an average cost basis. This means that, over time, investors can build a substantial portfolio regardless of their initial financial status.
Also, the concept of DCA is not limited to any specific amount. It can be tailored to fit any budget, and that's why it's suitable for investors across the income spectrum. 💲💲💲

If you look at it though, DCA helps investors avoid making emotionally-driven decisions that can actually lead to disastrous results. By investing a set amount regularly, investors are forced to stick to their strategy regardless of market fluctuations, which can help eliminate the fear and greed that often accompany volatile markets.

Moreover, DCA can help reduce the impact of market timing.

[Tmoonz]

These are different strategies in accumulating Bitcoin. Some investors use DCA strategy, others prefer buying the DIP strategy, while some DCA and also reserves funds to also buy during the DIP and some accumulate with lump-sum (Rich folks). All these approach are decisions made individually with what suits our bitcoin investment goals.

As an investor, we have to put in consideration all of the strategies you have mentioned here, also, combining them as well is never a bad idea for those who may desire or like to have a combination for one or two strategy, but before we can start any of these approach, we have to get a means of identifying the kind of investor we are, how long we are targeting for the investment as well as how much we are investing in for that particular reason, this will help us towards achieving for the required means for the best our of interest over what we are investing, also, we can be able to position our targets on the right time and plan ahead in other to avoid having uncertainties in the way we invest, hold or sell at any particular time.

You must invest in things that you fully understand, and must keep your goal for a long time, and you must focus only on long time accumulation. Remember that you will get a higher return only when you can buy at a lower price at the time of purchase. Real investors always buy on the dip, they never think of selling on the dip, and when it increases over time, they can make huge profits. Currently the price has dropped a lot, I think it is a very good opportunity to buy. In this opportunity we should look at buying more. And can be a good startup point for beginners to start. If the newbies start investing from this point then they will get some good returns when Bitcoin goes above 120K.

So make a sound plan to sustain yourself for a long time and start from any good startup point (whichever feels good to you). And don't panic after investing and start holding for a long time, you will see that at some point you have got a very good return.

What put you in to a higher overall return is the amount or quantity of Bitcoin you have and long you were able to hold irrespective of when you make your Bitcoin purchase whether when it was in higher or lower price, your narrative speak much of buying at the dip which doesn't make much of the difference with those buying at the peak price if only the intention is to hold for long term, moreso a newbie shouldn't have any concern of the market condition but rather focused on maximizing every opportunities that shows it self in the market, with dca your are on time in the market without any form of timing the market. Irrespective of your strategy or strategies what is most important is having a good size of Bitcoin up to a reasonable amount and hold as long as possibly 4 to 10 years or more.

[Chiomaobi]

I will suggest that if a person is merely buying anywhere between $10 per week/month and $100 per week/month is likely going to need way more than 10 years in order to get to a status of having had accumulated a sufficient amount of bitcoin.  Perhaps such a person will need 20-30 years or  more to really get to a decent place with his/her bitcoin stash.

For sure, each of us has differing expectations in regards to how much income that we might need to be able to live comfortably, whether we use bitcoin proceeds to completely replace any income that we have or to supplement income that we might have from other sources.

Bitcoin accumulation have to do with left over cash flow and at that not having sufficient steady monthly or weekly set aside founds let say $10 or even $20 which is way too much time to come up with a significant amount of bitcoin starsh, but then just as you said, sometimes we come across unexpected huge sum and if we are able to put all down on bitcoin it could cover up for a long period of time and a journey that surpose to take 10 years to 20 years could come much faster and easier.

Yeah it all boils down to the point @JayJuanGee made that when a person or an investor is accumulating Bitcoin using $10 or $20 on weekly basis or even $100 monthly that the investor may not actually have a sufficient amount of Bitcoin within a little number of years but that however the investors will need to least give themselves 20 to 30 years before achieving a good amount of Bitcoin, and that's actually true because irrespective of how consistent people are on there Bitcoin accumulation using the normal DCA method they would need to give themselves more longer years to be able to have the sufficient amount of Bitcoin they need. However if perhaps on the process and you feel that you have more money to invest you could adjust your accumulation amount to facilitate it a bit.

Yes this will usually be the best strategy for a poor holder, as not everyone may be in favor of investing with accumulated money. So that person can regularly participate in bitcoin investment with small amount of money which is the best strategy for him. You notice that investing in the DCA method is much more likely to be a maximum long-term investment, because the price of Bitcoin is not always dumping and not always pumping.  Therefore employing DCA method is maximum perfect according to the Bitcoin price, and it controls the average price.

The DCA strategy was not designed for poor investors; both the rich and the poor can use this strategy to accumulate bitcoin if they want to. Every investor accumulates bitcoin with the DCA strategy for different reasons, but one of the main reasons that attracts people to use the DCA strategy to accumulate bitcoin is that it will control their emotions. With the DCA strategy, you will never want to wait for the bitcoin price to drop before you can accumulate a stash. You will accumulate bitcoin anytime your money is readily available, even though bitcoin is high, because you know if there is a dip, the DCA strategy will still allow you to accumulate bitcoin.

I'm so happy we are discussing this here and it will really help we the newbies and those who haven't bought bitcoin yet. I will prefer the regular DCA method because this is the best way one can keep on accumulating more bitcoin, in order to increase his bitcoin portfolio gradually. DCA doesn't bother about the price of bitcoin at that moment either it is pumping or dumping because it is a continuous process and you are investing for a long period of time, maybe 8-10 years. Buying at the dip is also good but the disadvantage is that one have to wait till the price dips and at that time you might have spent the funds that you budgeted down for buying at the dip, which will lead to regrets at the end of the day. What matters is for you to have a proper plan of amount that you will assign for regular DCA based on your income. DCA approach is the best strategy for beginners, but if you have accumulated up to your target amount of bitcoin, then you can consider buying at the dip as a good strategy. Patience is the key to long term investment and DCA helps you accumulate with ease.

[Rabata]

The DCA strategy was not designed for poor investors; both the rich and the poor can use this strategy to accumulate bitcoin if they want to. Every investor accumulates bitcoin with the DCA strategy for different reasons, but one of the main reasons that attracts people to use the DCA strategy to accumulate bitcoin is that it will control their emotions. With the DCA strategy, you will never want to wait for the bitcoin price to drop before you can accumulate a stash. You will accumulate bitcoin anytime your money is readily available, even though bitcoin is high, because you know if there is a dip, the DCA strategy will still allow you to accumulate bitcoin.

The DCA strategy is suitable for everyone from any group with any level of capital so it is very unobtrusive to continue to use by investors or by people who like to collect a certain amount of Bitcoin. Because the reason is also quite clear, namely about accumulation that is more comfortable and also does not burden the user, so this strategy can be used at any time and by anyone. But at this time there are also some people who use other strategies when they want to collect Bitcoin with goals that are not much different from the people who use this strategy, so this also needs to be looked at and understood well because the goals are almost the same.

No matter what one follows or implements, there is no obstacle. If he collects bitcoins he is definitely moving towards a goal. There are many people who get stuck after setting a target but I would advise them that DCA is definitely more useful than any other strategy for investing in Bitcoin. An investor can accumulate bitcoins at his convenience without any problem which can be problematic in the long run if done by any other strategy. Whether a rich or poor investor can keep a portion in regular use of bitcoins depending on his income at a particular time which can surely give high returns to the investor at the end of a particular period.

[Mayor of ogba]

These are different strategies in accumulating Bitcoin. Some investors use DCA strategy, others prefer buying the DIP strategy, while some DCA and also reserves funds to also buy during the DIP and some accumulate with lump-sum (Rich folks). All these approach are decisions made individually with what suits our bitcoin investment goals.

As an investor, we have to put in consideration all of the strategies you have mentioned here, also, combining them as well is never a bad idea for those who may desire or like to have a combination for one or two strategy, but before we can start any of these approach, we have to get a means of identifying the kind of investor we are, how long we are targeting for the investment as well as how much we are investing in for that particular reason, this will help us towards achieving for the required means for the best our of interest over what we are investing, also, we can be able to position our targets on the right time and plan ahead in other to avoid having uncertainties in the way we invest, hold or sell at any particular time.

You must invest in things that you fully understand, and must keep your goal for a long time, and you must focus only on long time accumulation. Remember that you will get a higher return only when you can buy at a lower price at the time of purchase. Real investors always buy on the dip, they never think of selling on the dip, and when it increases over time, they can make huge profits. Currently the price has dropped a lot, I think it is a very good opportunity to buy. In this opportunity we should look at buying more. And can be a good startup point for beginners to start. If the newbies start investing from this point then they will get some good returns when Bitcoin goes above 120K.

That is why bitcoin is different from other investments. In bitcoin investment, you don't need to fully understand how it works before you can start accumulating it. What newbies should be worried about is their personal finances. To know if they will have a discretionary fund, they will use and accumulate bitcoin. Buying bitcoin at a low price alone will not guarantee you a higher profit from your bitcoin investment; what will determine your profit is how long you were able to hold your bitcoin. Someone who holds bitcoin for the long term will get more x from his bitcoin investment than the person who holds it for the short term. For you to say that real investors only buy at the dip makes you sound more like a trader because they are the ones who are more concerned about buying bitcoin at the dip so that they can sell when bitcoin is high for short-term profit.

[JayJuanGee]

These are different strategies in accumulating Bitcoin. Some investors use DCA strategy, others prefer buying the DIP strategy, while some DCA and also reserves funds to also buy during the DIP and some accumulate with lump-sum (Rich folks). All these approach are decisions made individually with what suits our bitcoin investment goals.

As an investor, we have to put in consideration all of the strategies you have mentioned here, also, combining them as well is never a bad idea for those who may desire or like to have a combination for one or two strategy, but before we can start any of these approach, we have to get a means of identifying the kind of investor we are, how long we are targeting for the investment as well as how much we are investing in for that particular reason, this will help us towards achieving for the required means for the best our of interest over what we are investing, also, we can be able to position our targets on the right time and plan ahead in other to avoid having uncertainties in the way we invest, hold or sell at any particular time.

You must invest in things that you fully understand, and must keep your goal for a long time, and you must focus only on long time accumulation. Remember that you will get a higher return only when you can buy at a lower price at the time of purchase. Real investors always buy on the dip, they never think of selling on the dip, and when it increases over time, they can make huge profits. Currently the price has dropped a lot, I think it is a very good opportunity to buy. In this opportunity we should look at buying more. And can be a good startup point for beginners to start. If the newbies start investing from this point then they will get some good returns when Bitcoin goes above 120K.

So make a sound plan to sustain yourself for a long time and start from any good startup point (whichever feels good to you). And don't panic after investing and start holding for a long time, you will see that at some point you have got a very good return.

There are some contradictions and ambiguities in the way that you are posting about getting started in bitcoin Ricardo11.

I doubt that anyone who is brand new to bitcoin needs to get too worked up about his/her entry point, especially since the presumption would be that someone who is brand new to bitcoin does not have any bitcoin, so therefore getting started would mean getting started by starting to buy bitcoin and perhaps figuring out some personal financial and psychological aspects rather than trying to figure out things related to BTC price moves or maybe even trying to figure out more technical aspects of bitcoin.  Surely it can take people a decently long time to learn about bitcoin, so maybe to get started there might need to be some kind of initial belief that bitcoin is a good investment.. yet I have my doubts about that too.. since anyone should be able to adjust the size of his/her initial investment into bitcoin based on not having much knowledge and/or confidence in the beginning, yet learning more about bitcoin along the way so then as knowledge increases, more comfort might come towards investing more into bitcoin..

so then again, surely we have an issue that already exists with so many people not having any price exposure to bitcoin, so there are likely way more people who just need to get started in their investment journey into bitcoin and to study it as they go.. especially with something that is so likely to be promising like bitcoin and with so many people either having no exposure at all or maybe just a little bit of price exposure... so yeah, no coiners and or low coiners wait to your own peril.. and if you are already in bitcoin and you are suggesting that they wait rather than jumping in, you are not really helping them in terms of what they likely should be figuring out to do.. even while each person is responsible for his/her own finances and price exposure to something like bitcoin... which is that the only way to prepare for the possibility of UP prices in bitcoin is to have some BTC rather than waiting and/or studying the matter or trying to be overly strategic in terms of the need to just get started and at least to get some while studying the matter - or run the risk of just waiting and coming to bitcoin much later when bTC prices are likely to be much higher than they are now.. even though yeah, none of us knows exactly about the future prices of bitcoin.

[Mayor of ogba]

These are different strategies in accumulating Bitcoin. Some investors use DCA strategy, others prefer buying the DIP strategy, while some DCA and also reserves funds to also buy during the DIP and some accumulate with lump-sum (Rich folks). All these approach are decisions made individually with what suits our bitcoin investment goals.

It is not only rich folks that buy bitcoin with the DCA strategy; even a newbie can start his bitcoin investment with a lump-sum strategy in some situations. For instance, if a newbie starts accumulating bitcoin late, he or she can decide to do a lump sum buy on bitcoin to accumulate a good quantity of stash before the bitcoin price is too high, and he or she will continue accumulating bitcoin with the DCA strategy.

[Chiomaobi]

These are different strategies in accumulating Bitcoin. Some investors use DCA strategy, others prefer buying the DIP strategy, while some DCA and also reserves funds to also buy during the DIP and some accumulate with lump-sum (Rich folks). All these approach are decisions made individually with what suits our bitcoin investment goals.

As an investor, we have to put in consideration all of the strategies you have mentioned here, also, combining them as well is never a bad idea for those who may desire or like to have a combination for one or two strategy, but before we can start any of these approach, we have to get a means of identifying the kind of investor we are, how long we are targeting for the investment as well as how much we are investing in for that particular reason, this will help us towards achieving for the required means for the best our of interest over what we are investing, also, we can be able to position our targets on the right time and plan ahead in other to avoid having uncertainties in the way we invest, hold or sell at any particular time.

You must invest in things that you fully understand, and must keep your goal for a long time, and you must focus only on long time accumulation. Remember that you will get a higher return only when you can buy at a lower price at the time of purchase. Real investors always buy on the dip, they never think of selling on the dip, and when it increases over time, they can make huge profits. Currently the price has dropped a lot, I think it is a very good opportunity to buy. In this opportunity we should look at buying more. And can be a good startup point for beginners to start. If the newbies start investing from this point then they will get some good returns when Bitcoin goes above 120K.

So make a sound plan to sustain yourself for a long time and start from any good startup point (whichever feels good to you). And don't panic after investing and start holding for a long time, you will see that at some point you have got a very good return.

There are some contradictions and ambiguities in the way that you are posting about getting started in bitcoin Ricardo11.

I doubt that anyone who is brand new to bitcoin needs to get too worked up about his/her entry point, especially since the presumption would be that someone who is brand new to bitcoin does not have any bitcoin, so therefore getting started would mean getting started by starting to buy bitcoin and perhaps figuring out some personal financial and psychological aspects rather than trying to figure out things related to BTC price moves or maybe even trying to figure out more technical aspects of bitcoin.  Surely it can take people a decently long time to learn about bitcoin, so maybe to get started there might need to be some kind of initial belief that bitcoin is a good investment.. yet I have my doubts about that too.. since anyone should be able to adjust the size of his/her initial investment into bitcoin based on not having much knowledge and/or confidence in the beginning, yet learning more about bitcoin along the way so then as knowledge increases, more comfort might come towards investing more into bitcoin..

so then again, surely we have an issue that already exists with so many people not having any price exposure to bitcoin, so there are likely way more people who just need to get started in their investment journey into bitcoin and to study it as they go.. especially with something that is so likely to be promising like bitcoin and with so many people either having no exposure at all or maybe just a little bit of price exposure... so yeah, no coiners and or low coiners wait to your own peril.. and if you are already in bitcoin and you are suggesting that they wait rather than jumping in, you are not really helping them in terms of what they likely should be figuring out to do.. even while each person is responsible for his/her own finances and price exposure to something like bitcoin... which is that the only way to prepare for the possibility of UP prices in bitcoin is to have some BTC rather than waiting and/or studying the matter or trying to be overly strategic in terms of the need to just get started and at least to get some while studying the matter - or run the risk of just waiting and coming to bitcoin much later when bTC prices are likely to be much higher than they are now.. even though yeah, none of us knows exactly about the future prices of bitcoin.

I agree with you one can't wait trying to get all the knowledge before investing, me as a newbie I don't have all the knowledge about Bitcoin all I have now is still the basic knowledge and I have already started accumulating Bitcoin using the DCA method. The more you wait the more you lose just imagine I was still waiting trying to get all the knowledge about Bitcoin I won't have accumulated the little I did now, so there's no point in waiting get the basic knowledge and start your accumulation journey.

Bitcoin is a good store of value, even if Bitcoin isn't worth anything today, it doesn't matter at all because the future is brighter than now. Why did I say what I said? I said this because I believe that Bitcoin is not something we should buy today and sell next month, it is something that an investor should hold onto dearly cy long  and I also understand that the more an investor holds onto Bitcoin, that's the more knowledge the investor gets so, without putting the knowledge to practice (by investing) the investor will just stay without adding more knowledge to the ones he/she has already learned before.

The only way one can get full knowledge about Bitcoin is by investing, you will get to understand very well what it means when Bitcoin's price increases and when it decreases, only knowledge will not give us experience, so if an investor that hasn't invested in Bitcoin needs more knowledge, then he/she should invest and learn more from the investment side. So my follow newbies get the basic knowledge and start your Bitcoin accumulation journey so you won't regret waiting.

[laijsica]

These are different strategies in accumulating Bitcoin. Some investors use DCA strategy, others prefer buying the DIP strategy, while some DCA and also reserves funds to also buy during the DIP and some accumulate with lump-sum (Rich folks). All these approach are decisions made individually with what suits our bitcoin investment goals.

It is not only rich folks that buy bitcoin with the DCA strategy; even a newbie can start his bitcoin investment with a lump-sum strategy in some situations. For instance, if a newbie starts accumulating bitcoin late, he or she can decide to do a lump sum buy on bitcoin to accumulate a good quantity of stash before the bitcoin price is too high, and he or she will continue accumulating bitcoin with the DCA strategy.

If a new bitcoin investor has a lump sum of money it can be easy for him to accumulate more stash in a short period of time. Basically if you want to invest in Bitcoin and get more profit, you should buy a lump sum. In addition DCA strategy allows you to regularly accumulate bitcoins which is the bulk of disposable income. If your floating money is sufficient. You may find it difficult to get dips in terms of investment so you can start accumulating bitcoins through DCAing. For a long time.

[JayJuanGee]

These are different strategies in accumulating Bitcoin. Some investors use DCA strategy, others prefer buying the DIP strategy, while some DCA and also reserves funds to also buy during the DIP and some accumulate with lump-sum (Rich folks). All these approach are decisions made individually with what suits our bitcoin investment goals.

It is not only rich folks that buy bitcoin with the DCA strategy; even a newbie can start his bitcoin investment with a lump-sum strategy in some situations. For instance, if a newbie starts accumulating bitcoin late, he or she can decide to do a lump sum buy on bitcoin to accumulate a good quantity of stash before the bitcoin price is too high, and he or she will continue accumulating bitcoin with the DCA strategy.

Both lump sum and DCA can be done in front-loading kinds of ways in which there is a kind of purposeful attempt to gather more bitcoin towards the beginning of the investment, whether that front loading is with a few lump sum investing or more aggressive DCA, but a person could have a timeline in which s/he is specifically trying to get a certain amount into bitcoin.. for example, he comes to bitcoin with an already investment portfolio of around $200k, he specifically would like to get 15% invested into bitcoin, but he wants to be careful in terms of how he might cash out of other assets that he has, so his target is to get $30k into bitcoin and maybe he wants to do it in 6 months or a year or some other kind of a fairly aggressive timeline, but he also may have some particular aspects in regards to assets that he already holds that he may or may not have flexibility with those other assets.. and so whether he ends up with $230k in his investment portfolio at the end of the investment (with $30k invested into bitcoin) or may he still has an investment portfolio of $200k, and yet he has taken away from some of his other investments in order to allocate the $30k towards bitcoin so in the second scenario he has $170k in other investments, so there can be a variety of ways that someone comes into bitcoin with a kind of front-loading lump summing and/or DCAing technique, and the particular ways that they hold their assets or the goals that they might want to achieve might well have to do with the resources that they already have (and how they are holding their value) at the time that they decide that they are coming into bitcoin.

[edited out]

I agree with you one can't wait trying to get all the knowledge before investing, me as a newbie I don't have all the knowledge about Bitcoin all I have now is still the basic knowledge and I have already started accumulating Bitcoin using the DCA method. The more you wait the more you lose just imagine I was still waiting trying to get all the knowledge about Bitcoin I won't have accumulated the little I did now, so there's no point in waiting get the basic knowledge and start your accumulation journey.

Bitcoin is a good store of value, even if Bitcoin isn't worth anything today, it doesn't matter at all because the future is brighter than now. Why did I say what I said? I said this because I believe that Bitcoin is not something we should buy today and sell next month, it is something that an investor should hold onto dearly cy long  and I also understand that the more an investor holds onto Bitcoin, that's the more knowledge the investor gets so, without putting the knowledge to practice (by investing) the investor will just stay without adding more knowledge to the ones he/she has already learned before.

The only way one can get full knowledge about Bitcoin is by investing, you will get to understand very well what it means when Bitcoin's price increases and when it decreases, only knowledge will not give us experience, so if an investor that hasn't invested in Bitcoin needs more knowledge, then he/she should invest and learn more from the investment side. So my follow newbies get the basic knowledge and start your Bitcoin accumulation journey so you won't regret waiting.

All of that sounds correct, and you should get more knowledge about bitcoin and yourself if you spend 4 years or longer accumulating bitcoin, learning about bitcoin and potentially adjusting (and/or tweaking) your various BTC accumulation (and/or BTC maintenance) strategies along the way, so maybe after 4 years or more of accumulating bitcoin, you will be in a much better position to both assess how your bitcoin accumulation had been playing out and whether you need to make further adjustments to your strategy at that point or just to continue with what you had already been doing.

[Btcdeybodi]

[edited out]

I agree with you one can't wait trying to get all the knowledge before investing, me as a newbie I don't have all the knowledge about Bitcoin all I have now is still the basic knowledge and I have already started accumulating Bitcoin using the DCA method. The more you wait the more you lose just imagine I was still waiting trying to get all the knowledge about Bitcoin I won't have accumulated the little I did now, so there's no point in waiting get the basic knowledge and start your accumulation journey.

Bitcoin is a good store of value, even if Bitcoin isn't worth anything today, it doesn't matter at all because the future is brighter than now. Why did I say what I said? I said this because I believe that Bitcoin is not something we should buy today and sell next month, it is something that an investor should hold onto dearly cy long  and I also understand that the more an investor holds onto Bitcoin, that's the more knowledge the investor gets so, without putting the knowledge to practice (by investing) the investor will just stay without adding more knowledge to the ones he/she has already learned before.

The only way one can get full knowledge about Bitcoin is by investing, you will get to understand very well what it means when Bitcoin's price increases and when it decreases, only knowledge will not give us experience, so if an investor that hasn't invested in Bitcoin needs more knowledge, then he/she should invest and learn more from the investment side. So my follow newbies get the basic knowledge and start your Bitcoin accumulation journey so you won't regret waiting.

All of that sounds correct, and you should get more knowledge about bitcoin and yourself if you spend 4 years or longer accumulating bitcoin, learning about bitcoin and potentially adjusting (and/or tweaking) your various BTC accumulation (and/or BTC maintenance) strategies along the way, so maybe after 4 years or more of accumulating bitcoin, you will be in a much better position to both assess how your bitcoin accumulation had been playing out and whether you need to make further adjustments to your strategy at that point or just to continue with what you had already been doing.

Exactly, gaining more knowledge and being very observant during one's accumulating years is very necessary because it is assumed that after 4 years one must have undergone thorough study of how Bitcoin investment works so for someone that have been using the DCA to buy Bitcoin at regular intervals, can decide either to increase their DCA depending on his capacity through his income in-flow because if one has started earning higher and sees the need to increase their DCA amount or have some reserved funds incase of a DIP then it is also left for such investor to begin to use different accumulating strategy like the lump summing as these strategies helps in building huge portfolios and owning a high amount of Bitcoins unlike the regular DCAing. Bitcoin investment is just about being able to understand the activities of the market at a particular period of time.

[synchronym]

These are different strategies in accumulating Bitcoin. Some investors use DCA strategy, others prefer buying the DIP strategy, while some DCA and also reserves funds to also buy during the DIP and some accumulate with lump-sum (Rich folks). All these approach are decisions made individually with what suits our bitcoin investment goals.

It is not only rich folks that buy bitcoin with the DCA strategy; even a newbie can start his bitcoin investment with a lump-sum strategy in some situations. For instance, if a newbie starts accumulating bitcoin late, he or she can decide to do a lump sum buy on bitcoin to accumulate a good quantity of stash before the bitcoin price is too high, and he or she will continue accumulating bitcoin with the DCA strategy.

If a new bitcoin investor has a lump sum of money it can be easy for him to accumulate more stash in a short period of time. Basically if you want to invest in Bitcoin and get more profit, you should buy a lump sum. In addition DCA strategy allows you to regularly accumulate bitcoins which is the bulk of disposable income. If your floating money is sufficient. You may find it difficult to get dips in terms of investment so you can start accumulating bitcoins through DCAing. For a long time.

For those who are new to bitcoin investing, I must say that before investing in bitcoins, you need to acquire enough knowledge about bitcoins. When it comes to Bitcoin investment we must have a long term plan. We can invest by checking the market with our long term plan. Of course the purpose for which we are going to invest must be our success. Many times it is seen that there are many new investors who lose their patience a little bit they have to invest in Bitcoin patiently if they can invest in the literature of patience they will definitely be one of the successful investors in the future. Many times it can be seen that many big investors lose patience, so we should not lose patience. If we can invest with patience and check the market with a long-term plan, we can make a considerable amount of profit by recruitment and that will make us more interested in investing. But if we do not have a long-term plan for Bitcoin. If we plan little girls, if we invest hastily then we will face loss so we must always have a long term plan in investing. DCA strategy method is very positive for Bitcoin.

[Uhwuchukwu53]

These are different strategies in accumulating Bitcoin. Some investors use DCA strategy, others prefer buying the DIP strategy, while some DCA and also reserves funds to also buy during the DIP and some accumulate with lump-sum (Rich folks). All these approach are decisions made individually with what suits our bitcoin investment goals.

It is not only rich folks that buy bitcoin with the DCA strategy; even a newbie can start his bitcoin investment with a lump-sum strategy in some situations. For instance, if a newbie starts accumulating bitcoin late, he or she can decide to do a lump sum buy on bitcoin to accumulate a good quantity of stash before the bitcoin price is too high, and he or she will continue accumulating bitcoin with the DCA strategy.

The believe that Bitcoin buying, accumulating, or investment strategy are only for the rich are those who speak on ignorance, there is no strategy of Bitcoin investment that is design or allocated to the poor, all strategies is available for everyone who felt is good for himself, all this strategies are just like market products that has close substitute your individual make their choices depending on what it might seem to be a favourable while running the investment, I always puzzle those that raise issue if DCA design for the poor how limited they are in knowledge of understanding that ni strategy is made for the poor but every investor that find it favourable for him or her. Assuming this is market products there always remain a product that individual go for most despite having a close substitute that doesn't make other less value or those that buy the once that most people don't go for poor it all about individual choice.

The Major reason many prefer DCA strategy is that it gives room to start small if your considering a lumps sum where the money may be huge it may kill the moral of investment but DCA make it more easier that you will invest gradually and make it huge with the stress and feeling of hie huge the money is, if one is arguing that Bitcoin is for the rich because of usage of lump sum I will not argue much reason because nit everyone can invest huge immediately mostly newbie's because lump sum required huge ordinarily Bitcoin investment and strategy is for everyone one but the area of lump if your not financially competent you can't run into it and the money been huge kill some interesting if newbie who might felt that it's not for them that is why most say it's for the rich but DCA allow all kinds of level of investor both the rich and the poor the investment must not be huge like lump sum it's a gradual process if your financial ok you can still make it big no restrictions.

[Julien_Olynpic]

Of course, each person must decide for himself how reasonable it is to hold bitcoins. But overall, holding Bitcoin seems to be a very good thing for fighting inflation. Of course, Bitcoin is unlikely to grow as quickly and rapidly as it did in 2009-2013, but it will help in the fight against inflation. You know, inflation is a beast that never sleeps and constantly eats away at your savings. But if you got into the industry to turn your 1 year's savings into the equivalent of 10 years of income, then I doubt that Bitcoin is the best vehicle for such transformations. Over time, Bitcoin will most likely fluctuate in a multi-year flat pattern.

[Barikui1]

Of course, each person must decide for himself how reasonable it is to hold bitcoins. But overall, holding Bitcoin seems to be a very good thing for fighting inflation. Of course, Bitcoin is unlikely to grow as quickly and rapidly as it did in 2009-2013, but it will help in the fight against inflation. You know, inflation is a beast that never sleeps and constantly eats away at your savings. But if you got into the industry to turn your 1 year's savings into the equivalent of 10 years of income, then I doubt that Bitcoin is the best vehicle for such transformations. Over time, Bitcoin will most likely fluctuate in a multi-year flat pattern.

Yes you are actually right on this, Bitcoin is one of those asset you stock your money in, just to fight inflation, because it's very much logical to save your money in anything that appreciate in value overtime, so as to fight inflation and Bitcoin is one of those asset, then talking of turning your one year savings to be as if it's an investment of 10 years old, I think I also share the same sentiment as you bro, because in other to be successful in your Bitcoin investment, you actually need to be a long term holder, not investing today and be expecting it to be very much profitable as if it's 10 years old, investment that was done a year earlier.

That is why most newbies investors sell off their holdings, because they initially thought that buying Bitcoin would make them rich in a very short period of time, which is never the case, and at the end, they were disappointed because the only way to achieve such feat, it's to hold for a very long period of time.

[liasbaa]

Of course, each person must decide for himself how reasonable it is to hold bitcoins. But overall, holding Bitcoin seems to be a very good thing for fighting inflation. Of course, Bitcoin is unlikely to grow as quickly and rapidly as it did in 2009-2013, but it will help in the fight against inflation. You know, inflation is a beast that never sleeps and constantly eats away at your savings. But if you got into the industry to turn your 1 year's savings into the equivalent of 10 years of income, then I doubt that Bitcoin is the best vehicle for such transformations. Over time, Bitcoin will most likely fluctuate in a multi-year flat pattern.

That is why most newbies investors sell off their holdings, because they initially thought that buying Bitcoin would make them rich in a very short period of time, which is never the case, and at the end, they were disappointed because the only way to achieve such feat, it's to hold for a very long period of time.

Newbie Bitcoin investors invest their precious margin only hoping to make a profit but without proper planning they can lose it. In this case, the greed for excessive profits may hurt him more as he may rush to sell his holdings when prices rise. But he should have held for longer and he could have taken double or triplets profit in return. But I think with time the new investors will learn the overall market situation and mature among them. For holding bitcoins for a long time.

[Roseline492]

For those who are new to bitcoin investing, I must say that before investing in bitcoins, you need to acquire enough knowledge about bitcoins.

Like I already mentioned in as much as getting knowledge about something or investment is very good but when we talk about Bitcoin is actually exempted from every other investment that requires so much knowledge before you can start operating on them so actually in terms of Bitcoin everything such as investment is made very easy to start investment without have to read so much book and watching YouTube videos just learn about it before going into it, for me I consider Bitcoin investment in terms of knowledge as a very flexible investment because as a beginner the more you are investing in Bitcoin that is how you are also learning and understanding more things about it. So let's not always sees knowledge as some sorts of mandatory thing that must be done before starting your Bitcoin journey.

However below is a good Clarification and explanation made by @JayJuanGee concerning this knowledge people are so much emphasizing on, so you can read through to understand more about it.

I doubt that anyone who is brand new to bitcoin needs to get too worked up about his/her entry point, especially since the presumption would be that someone who is brand new to bitcoin does not have any bitcoin, so therefore getting started would mean getting started by starting to buy bitcoin and perhaps figuring out some personal financial and psychological aspects rather than trying to figure out things related to BTC price moves or maybe even trying to figure out more technical aspects of bitcoin.  Surely it can take people a decently long time to learn about bitcoin, so maybe to get started there might need to be some kind of initial belief that bitcoin is a good investment.. yet I have my doubts about that too.. since anyone should be able to adjust the size of his/her initial investment into bitcoin based on not having much knowledge and/or confidence in the beginning, yet learning more about bitcoin along the way so then as knowledge increases, more comfort might come towards investing more into bitcoin..