Buy the DIP, and HODL!

[MusaPk]

There is one thing that I want you to understand in bitcoin: no matter what when you are investing, that doesn’t mean that you will have nothing to you for your personal self, or that means you should not enjoy yourself. No, even though we all know that we need profit in bitcoin and we want the investment, we still have to invest the money that we can afford losing. That is the point, and if you restrict yourself from having all that you are already using just for the sake of investment, then what do you think will happen if someone happens to your investment? Even though we know that bitcoin is the number one trusted and reliable cryptocurrency to invest in without panicking about anything, that doesn’t mean you will always have a profit. Time will come that you will also lose, even though it is not much, but sometimes it tends to be much. 
 
All I want you to understand is that when I invest in bitcoin, you should always know that you don’t have to break yourself or your bank to achieve that because you will end up selling to fix other problems, and from there, that has affected your investment for a long time, so let us know what we are doing in the crypto space. 

I've always had my reservations with cutting down fat to maintain a process and I'm always of the opinion that you mut not harm your lifestyle in order to contain a new profitable activity, you can do more to make more money and dedicate the extra funds to the new process and in this case investing in bitcoin.

for example, if you are a person who hates working overtime at your work place and you are living fine with it and then you decide to start your DCA journey, you can do it without harming your living standards, you can do as little as taking the overtime duration of work and dedicate the funds solely to your accumulation journey, that way you are able to separate concerns and being very specific with your investment funds and also your accumulation journey would be smooth while you maintain your living standards.

In the case of no overtime jobs, you could even take up a side hustle and dedicate two or three hours a day to it for your periodic accumulation of bitcoin. You should thrive to make more money to cushion a new responsibility so as not to contain the mentality of always having to discomfort yourself in order to entertain every new responsibility that comes your way as a person. The side effects of always discomforting yourself is that you can get fed-up with always being the victim and disengage yourself with everything that brings about much discomfort to you, but when you are always crafty and making more money, you have a lot of fun on the way, sort yourself out easily and your individual effective adaptation quality increases.

We have to come out of our comfort zone to get something big. I don't have enough cash to go for Lump-Sum investment so I prefer to go with 100$ per week (i.e. DCA method). If that money is available to me easily per week then it's fine otherwise I have to look for cuts to manage my investment. Don't think that investing 100$ in one or two month will take you to good financial status in future.
Do enjoy life but managing capital for investment must also be one of top priority for good future otherwise you will end up in loss. To me financial cuts mean, cutting down spending's on outdoor food (that is good for your health too), luxury items like branded clothes, wrist watches etc. There are spending's in our lives which we all can easily cut down without putting too much stress on our life styles.   

[Roseline492]

We have to come out of our comfort zone to get something big. I don't have enough cash to go for Lump-Sum investment so I prefer to go with 100$ per week (i.e. DCA method). If that money is available to me easily per week then it's fine otherwise I have to look for cuts to manage my investment.

 To me financial cuts mean, cutting down spending's on outdoor food (that is good for your health too), luxury items like branded clothes, wrist watches etc. There are spending's in our lives which we all can easily cut down without putting too much stress on our life styles.  

There are some certain needs that shouldn't be cut off on somebody's life because of how Important it is and in terms of going out to get some things such as wristwatch or taking the family out for some fun shouldn't be seen as mismanagement of money or leaving a luxurious life because those things are normal and very important for families, so I'm of the opinion that instead of you to be investing $100 weekly while you deprive your family from some important basic needs you can actually cut your weekly accumulation amounts abit, let's say instead of $100 weekly you can bring it down to either $40 or $50 on a weekly and you will see that by cutting it will not prevent you from the amount you wish to achieve in the future.

[Nheer]

Especially by following the DCA method any investor can maintain his holding for a long period of time. Because it basically controls the buying price and helps in deep buying. Because you can invest in bitcoins in two ways one is when you buy in the deep market, and secondly you invest by following the regular DCA method. 

Because both new and old investors can achieve success by adopting this strategy. Because this is the only method where all investors have been successful using this method since the beginning of Bitcoin, the longer the DCA method investment, the more Bitcoin you can accumulate.

There are actually more than two investment strategies some of which are Lump sum investment, DCA, Buying the dips etc. DCA is actually different from buying the dip, unlike the dip DCA is done at certain intervals which doesn’t have to be when the price is low, it frees you from the stress of having to monitor the market, it doesn’t control the buying price it just allows you to invests the little amount you can afford. DCA is actually an effective strategy used by a lot of investors nowadays but doesn’t mean other strategies are not effective.

[MusaPk]

There are some certain needs that shouldn't be cut off on somebody's life because of how Important it is and in terms of going out to get some things such as wristwatch or taking the family out for some fun shouldn't be seen as mismanagement of money or leaving a luxurious life because those things are normal and very important for families, so I'm of the opinion that instead of you to be investing $100 weekly while you deprive your family from some important basic needs you can actually cut your weekly accumulation amounts abit, let's say instead of $100 weekly you can bring it down to either $40 or $50 on a weekly and you will see that by cutting it will not prevent you from the amount you wish to achieve in the future.

Everyone here is taking my examples as the only scenarios to save money, while my point was just to give idea about how to save money. If you are going out very often for dinning then you might consider cutting one or two dine out to save money for Bitcoin or you may opt for non-branded pants if they are good in quality. These are few scenarios for people who are struggling to save money for Bitcoin and they are not the only one, everyone has different spending patterns and can plan cuttings accordingly. If there is no scenario for saving money then one can proceed with his normal life  till the time he has something to invest.
This is also great idea to invest less during the time you have less cash and can go bullish when you have extra cash to accumulate good quantity of Bitcoins.   

[Justbillywitt]

There is one thing that I want you to understand in bitcoin: no matter what when you are investing, that doesn’t mean that you will have nothing to you for your personal self, or that means you should not enjoy yourself. No, even though we all know that we need profit in bitcoin and we want the investment, we still have to invest the money that we can afford losing. That is the point, and if you restrict yourself from having all that you are already using just for the sake of investment, then what do you think will happen if someone happens to your investment? Even though we know that bitcoin is the number one trusted and reliable cryptocurrency to invest in without panicking about anything, that doesn’t mean you will always have a profit. Time will come that you will also lose, even though it is not much, but sometimes it tends to be much. 
 
All I want you to understand is that when I invest in bitcoin, you should always know that you don’t have to break yourself or your bank to achieve that because you will end up selling to fix other problems, and from there, that has affected your investment for a long time, so let us know what we are doing in the crypto space. 

I've always had my reservations with cutting down fat to maintain a process and I'm always of the opinion that you mut not harm your lifestyle in order to contain a new profitable activity, you can do more to make more money and dedicate the extra funds to the new process and in this case investing in bitcoin.

for example, if you are a person who hates working overtime at your work place and you are living fine with it and then you decide to start your DCA journey, you can do it without harming your living standards, you can do as little as taking the overtime duration of work and dedicate the funds solely to your accumulation journey, that way you are able to separate concerns and being very specific with your investment funds and also your accumulation journey would be smooth while you maintain your living standards.

In the case of no overtime jobs, you could even take up a side hustle and dedicate two or three hours a day to it for your periodic accumulation of bitcoin. You should thrive to make more money to cushion a new responsibility so as not to contain the mentality of always having to discomfort yourself in order to entertain every new responsibility that comes your way as a person. The side effects of always discomforting yourself is that you can get fed-up with always being the victim and disengage yourself with everything that brings about much discomfort to you, but when you are always crafty and making more money, you have a lot of fun on the way, sort yourself out easily and your individual effective adaptation quality increases.

We have to come out of our comfort zone to get something big. I don't have enough cash to go for Lump-Sum investment so I prefer to go with 100$ per week (i.e. DCA method). If that money is available to me easily per week then it's fine otherwise I have to look for cuts to manage my investment. Don't think that investing 100$ in one or two month will take you to good financial status in future.
Do enjoy life but managing capital for investment must also be one of top priority for good future otherwise you will end up in loss. To me financial cuts mean, cutting down spending's on outdoor food (that is good for your health too), luxury items like branded clothes, wrist watches etc. There are spending's in our lives which we all can easily cut down without putting too much stress on our life styles.   

Actually investment is supposed to be done in a manner that it won't affect any aspect of our lives. Be it social, recreational and leisure aspects. Since our investment is for the long term I don't think we should neglect any aspect of our lives, because how long are you going to manage and suffer yourself for the fact that you are doing investment? It is always advisable to invest the you can in the sense that it won't ruin your other sides of life. That you are doing investment does not mean you should eat substandard food, wear inferior clothes, or leave in deteriorated house.

As you are investing make sure you are living good, eating good and healthy food, buy and wear good clothes and shoes, wrist watches if you can afford it. Bitcoin investment is structured in a way it accommodates all level of investors according to the financial capacity. Invest as little as you can afford, but don't deprive yourself the good things of life in the name of investment. You need to be alive and healthy to reap the benefits of investments in the future. If you deprive yourself the essentials of life and die along the line, someone else that didn't hustle the money with you, will be the one to spend that money you are investing recklessly in your absence.

Yes it's true that investing 100$ in one or two month won't take you to good financial status in future, but since we are investing for the long term and not short term, I think it's fine. Just imagine investing same amount consistently weekly or monthly for more than 10 years. Haven't you heard this saying before that " A little drop of water makes a big ocean".

[Egii Nna]

There is one thing that I want you to understand in bitcoin: no matter what when you are investing, that doesn’t mean that you will have nothing to you for your personal self, or that means you should not enjoy yourself. No, even though we all know that we need profit in bitcoin and we want the investment, we still have to invest the money that we can afford losing. That is the point, and if you restrict yourself from having all that you are already using just for the sake of investment, then what do you think will happen if someone happens to your investment? Even though we know that bitcoin is the number one trusted and reliable cryptocurrency to invest in without panicking about anything, that doesn’t mean you will always have a profit. Time will come that you will also lose, even though it is not much, but sometimes it tends to be much. 
 
All I want you to understand is that when I invest in bitcoin, you should always know that you don’t have to break yourself or your bank to achieve that because you will end up selling to fix other problems, and from there, that has affected your investment for a long time, so let us know what we are doing in the crypto space. 

I've always had my reservations with cutting down fat to maintain a process and I'm always of the opinion that you mut not harm your lifestyle in order to contain a new profitable activity, you can do more to make more money and dedicate the extra funds to the new process and in this case investing in bitcoin.

for example, if you are a person who hates working overtime at your work place and you are living fine with it and then you decide to start your DCA journey, you can do it without harming your living standards, you can do as little as taking the overtime duration of work and dedicate the funds solely to your accumulation journey, that way you are able to separate concerns and being very specific with your investment funds and also your accumulation journey would be smooth while you maintain your living standards.

In the case of no overtime jobs, you could even take up a side hustle and dedicate two or three hours a day to it for your periodic accumulation of bitcoin. You should thrive to make more money to cushion a new responsibility so as not to contain the mentality of always having to discomfort yourself in order to entertain every new responsibility that comes your way as a person. The side effects of always discomforting yourself is that you can get fed-up with always being the victim and disengage yourself with everything that brings about much discomfort to you, but when you are always crafty and making more money, you have a lot of fun on the way, sort yourself out easily and your individual effective adaptation quality increases.

We have to come out of our comfort zone to get something big. I don't have enough cash to go for Lump-Sum investment so I prefer to go with 100$ per week (i.e. DCA method). If that money is available to me easily per week then it's fine otherwise I have to look for cuts to manage my investment. Don't think that investing 100$ in one or two month will take you to good financial status in future.
Do enjoy life but managing capital for investment must also be one of top priority for good future otherwise you will end up in loss. To me financial cuts mean, cutting down spending's on outdoor food (that is good for your health too), luxury items like branded clothes, wrist watches etc. There are spending's in our lives which we all can easily cut down without putting too much stress on our life styles.   

Actually, when investing in bitcoin, you have to consider many things, and some of the things to consider include your income and your personal needs because these two things can affect your bitcoin investment easily. Because if your income is low and you are trying to squeeze yourself just to invest without taking care of your own personal needs, an emergency can come that you will end up using breaking your bitcoin investment to solve, and in this case you might sell those investments in lost.
 
So when am I talking about personal needs? I don’t mean luxury things and other expensive life; all I mean is that those basic needs have to be solved before investing so that your investment can be saved and held for the adequate time frame needed. 

[ginsan]

Yes, JJG, maybe that will be a wise understanding for us in managing everything to be more appropriate in investing in the long term. Of course, what I can take from your explanation is of course the accuracy of the pattern that we think is set as well as possible with the capital we have in buying Bitcoin.

On the one hand, I really like to learn from the experiences of early people who got into Bitcoin, so I give the example of those who have large capital and your answer is quite good. Even though it has nothing to do with us, on the one hand we want to learn and not make mistakes.

Yes, besides, we are still new because I haven't reached 2 years of regularly buying bitcoin. Yes it is a challenge for me to continue doing it with regular purchases every week. Cash flow can sometimes be a problem but so far I've managed to overcome it and not miss an opportunity to continue accumulating.

I remember that the supply of bitcoin is limited and if new people join in long term investment of course they will buy and hold it so that circulation will become increasingly scarce and the price of bitcoin will rise very significantly. That's just my imagination and hope it happens in the decades to come.

[promise444c5]

Of course, it is good to assign a fixed amount from our discretionary income into regular buying of bitcoin through DCA weekly or monthly but sometimes this might not be possible because it is not of our own control but based on our expenses that arises in different weeks. If you observe sometimes we might spend more than what we budget for the week due to increase in our needs for that week and sometimes we might spend less due to decrease in our weekly expenses.

In such scenarios the investor might choose to invest $50 weekly but when the expenses of his needs increases, he can cut down his DCA amount to $40 for that week and if his expenses on another week decreases, he might increase his DCA amount to $60. The most important thing is that the investor did not stop buying but continues buying no matter how small he could buy in a week.

Also an investor might have an increament in his monthly income, or has an additional means of income along the line of his bitcoin accumulation journey, he will increase the amount that he is using to DCA in order for him to buy bitcoin more aggressively as long as he did not over do it.

There can also be a case where an investor did not have any discretionary income on that week because of too much responsibility for the week and his discretionary income was exhausted, such investor don't need to worry that he did not buy bitcoin for that week and he will just hodli and buy the next week. Another scenario is if the investor loses his job at that moment, he is to pause his bitcoin accumulation until he gets a new job while he feeds with his emergency funds and reserve for the main time till he gets a new job and continue accumulating. If you have the funds to keep on buying don't stop just keep on buying.

There must be some income weekly or monthly dedicated for investment in Bitcoin. Once share for Bitcoin is finalised one has to cut his extra spending's if he want to regularly invest in Bitcoin. One can made cut on some dinners at restaurants or what ever he thinks is extra spending. If you never cut your spending's then you can't find cash for Bitcoin. Having said that if we do a sacrifice on our extra spending's today then there is bright chance that our future will be bright. If someone has any doubt about that then he must refer to Bitcoin historical price chart.  

There is one thing that I want you to understand in bitcoin: no matter what when you are investing, that doesn’t mean that you will have nothing to you for your personal self, or that means you should not enjoy yourself. No, even though we all know that we need profit in bitcoin and we want the investment, we still have to invest the money that we can afford losing. That is the point, and if you restrict yourself from having all that you are already using just for the sake of investment, then what do you think will happen if someone happens to your investment? Even though we know that bitcoin is the number one trusted and reliable cryptocurrency to invest in without panicking about anything, that doesn’t mean you will always have a profit. Time will come that you will also lose, even though it is not much, but sometimes it tends to be much.
 
All I want you to understand is that when I invest in bitcoin, you should always know that you don’t have to break yourself or your bank to achieve that because you will end up selling to fix other problems, and from there, that has affected your investment for a long time, so let us know what we are doing in the crypto space.

What we are talking about in this thread is Bitcoin investment and how we can be able to accumulate Bitcoin either using any of your prefer strategy it can be the DCA strategy, lump sum strategy or buying at the dip strategy to accumulate while I prefer the DCA strategy which all you to accumulate Bitcoin at different price level either weekly or monthly and not some kind of vague term like Crypto which can actually mislead some newbies here believing that shitcoins are same to Bitcoin because you never specificed it for Bitcoin is Bitcoin and shitcoin is shitcoins and stop mixing them up and stop referring Bitcoin to shitcoins.

As far as I'm concerned there's only one coin and that's BTC, the rest(tokens and likes )are craps, nothing else than bullshit especially when it comes to using the word Shitcoin, there were some tokens that tried to use the POW system just like BTC (won't  mention so as not to go offtopic) some couldn't meet up while some  failed  ....
Besides, it worth knowing that DCA strategy could enclosed other strategies in itself .. depending on what you see as lumpsum, someone's lumpsum could be a DCA plan for another person.

[Issa56]

Actually, when investing in bitcoin, you have to consider many things, and some of the things to consider include your income and your personal needs because these two things can affect your bitcoin investment easily. Because if your income is low and you are trying to squeeze yourself just to invest without taking care of your own personal needs, an emergency can come that you will end up using breaking your bitcoin investment to solve, and in this case you might sell those investments in lost.

If you are investing in bitcoin, then make sure you have emergency funds. Don’t invest everything you have in bitcoin, in case there is an emergency, that’s what you're going to fall back on. But if all your investment is in bitcoin, whenever you are in need of money, you will have to sell some of it, even if you have it in mind to hold for the long term, and you might even be selling at loss.
 
If you don’t have enough income yet and you know if you try to invest, it’s really going to affect you, then just forget about investment for that time and make sure you focus on other important things in life. Whenever you are balanced, then investment can set in.

[Sticky Bomb]

Yes, besides, we are still new because I haven't reached 2 years of regularly buying bitcoin. Yes it is a challenge for me to continue doing it with regular purchases every week. Cash flow can sometimes be a problem but so far I've managed to overcome it and not miss an opportunity to continue accumulating.

Could you share with us how you managed to overcome it? at least we could learn from your practical experience and be informed of yet another strategy of overcoming limited cash flow in DCA bitcoin accumulation, if I am right that is what this thread is about, learning to be a good investor and more knowledge can still be grabbed by reading about how others managed to solve their financial constraints in DCA bitcoin accumulation. We grow by learning from others.

I remember that the supply of bitcoin is limited and if new people join in long term investment of course they will buy and hold it so that circulation will become increasingly scarce and the price of bitcoin will rise very significantly. That's just my imagination and hope it happens in the decades to come.

This is not only about new people joining, even old people who relentlessly continue their bitcoin accumulation journey without stop. The more bitcoin is bought and adopted by more people and also retained by current investors, the better chances of price increment. Current investors are still encouraged to keep expanding their bitcoin portfolio periodically with DCA because the more bitcoin is bought and hodl, the greater opportunity of the law of demand and supply would have its way in it and create more demand than supply and the price will keep increasing which would in turn continue appreciating the value of the bitcoin we are currently holding and better securing our financial future, so bitcoin accumulation is a collective effort of both old and new investors because our relentless purchases has a lot positive effect in bitcoin price appreciation.

[Asiska02]

We have to come out of our comfort zone to get something big. I don't have enough cash to go for Lump-Sum investment so I prefer to go with 100$ per week (i.e. DCA method). If that money is available to me easily per week then it's fine otherwise I have to look for cuts to manage my investment. Don't think that investing 100$ in one or two month will take you to good financial status in future.
Do enjoy life but managing capital for investment must also be one of top priority for good future otherwise you will end up in loss. To me financial cuts mean, cutting down spending's on outdoor food (that is good for your health too), luxury items like branded clothes, wrist watches etc. There are spending's in our lives which we all can easily cut down without putting too much stress on our life styles.   

Bitcoin savings does not require you to do more than what you can afford in a weekly, quarterly or monthly basis. If you can still have $100 weekly after spending for all your needs for that week been it basics or no basic needs and still have some reverse funds left for emergency, then putting all the remaining $100 into your bitcoin savings is a good idea. The savings should be done in such a way that when something happens, your bitcoin savings should be your last option to touch from that’s why even after all necessary things have been catered for the week, you still need to have emergency savings in case of emergency that always come unexpected or unannounced.

Yes, besides, we are still new because I haven't reached 2 years of regularly buying bitcoin. Yes it is a challenge for me to continue doing it with regular purchases every week. Cash flow can sometimes be a problem but so far I've managed to overcome it and not miss an opportunity to continue accumulating.

I remember that the supply of bitcoin is limited and if new people join in long term investment of course they will buy and hold it so that circulation will become increasingly scarce and the price of bitcoin will rise very significantly. That's just my imagination and hope it happens in the decades to come.

Other factors can also contribute to the rise of bitcoin in terms of little circulations in the future. Even though new people come into bitcoin, don’t forget that they’re some bitcoins in some wallets stack away and no access to them forever, those bitcoins can never get into circulation again which will also contribute more to the scarcity and affect the price of bitcoin by that time. People will sell after every bull season, but those sells cannot be compared to those that will be holding for many years to come.

[Sobz]

Especially by following the DCA method any investor can maintain his holding for a long period of time. Because it basically controls the buying price and helps in deep buying. Because you can invest in bitcoins in two ways one is when you buy in the deep market, and secondly you invest by following the regular DCA method. 

Because both new and old investors can achieve success by adopting this strategy. Because this is the only method where all investors have been successful using this method since the beginning of Bitcoin, the longer the DCA method investment, the more Bitcoin you can accumulate.

There are actually more than two investment strategies some of which are Lump sum investment, DCA, Buying the dips etc. DCA is actually different from buying the dip, unlike the dip DCA is done at certain intervals which doesn’t have to be when the price is low, it frees you from the stress of having to monitor the market, it doesn’t control the buying price it just allows you to invests the little amount you can afford. DCA is actually an effective strategy used by a lot of investors nowadays but doesn’t mean other strategies are not effective.

The DCA method is good for those that have the interest to have good amount of Bitcoin as investment which they can use DCA method to accumulate some amount of Bitcoin. Those who really want to get some bitcoin don't wait for the dip but buy bitcoin constantly with the amount they can afford. Buying bitcoin when the price goes dip is also good and it will be an opportunity for those who use DCA method to accumulate some amount of Bitcoin. For those who only have interest to buy bitcoin during the dip they may not stand a chance of accumulating good bitcoin because you can't really tell when the dip will take place, it can be time wasting waiting for the dip to take place to buy bitcoin. But as for those that accumulate bitcoin at all market price will benefit having bitcoin even before the dip occurs.

[temple]

We have to come out of our comfort zone to get something big. I don't have enough cash to go for Lump-Sum investment so I prefer to go with 100$ per week (i.e. DCA method). If that money is available to me easily per week then it's fine otherwise I have to look for cuts to manage my investment. Don't think that investing 100$ in one or two month will take you to good financial status in future.
Do enjoy life but managing capital for investment must also be one of top priority for good future otherwise you will end up in loss. To me financial cuts mean, cutting down spending's on outdoor food (that is good for your health too), luxury items like branded clothes, wrist watches etc. There are spending's in our lives which we all can easily cut down without putting too much stress on our life styles.   

Yes it won't change your life within weeks or only a few months, but if you have spare cash then you have the choice between bunkering it under your pillow or comparing assets that you would like to potentially hold because you think they will increase in value. The thing is that you can own satoshis in bitcoin, but you can't really own a tiny fraction of real estate. I think there are some possibilities out there, but nothing grants you as much self control as bitcoin does. It is a young innovative technology and it is far more inclusive and accessible than gold is. It still seems that a lot of people are hesitant because they only want to buy tangible things that they can touch, but ever since the world went digital I think it is high time to go with the times. To not own bitcoin is probably a bigger mistake than owning at least some and learn that it was the wrong decision to buy it if it goes down in value forever. But when you see what the younger generations are willing to spend money, then it is far more likely that a digital currency will thrive. They buy gloves and swords in World of Warcraft and spend a fortune on ring tones for their mobiles. They buy digital flowers and send it to their girlfriends and most of the time the value of these digital items is zero and yet they buy it.

And last but not least the risk of bitcoin crashing to zero isn't any higher than big banks crashing to zero. I am not saying all of them, but the financial system is very fragile whereas bitcoin has proven to be remarkably robust. The interest in the bitcoin network being healthy forever is genuine, the interest of bankers for their banks to be healthy only refers to whatever terms they serve the bank. Whenever the chance comes, they will take the gamble and put tax payers and customers at risk.

[SuperBitMan]

Actually, when investing in bitcoin, you have to consider many things, and some of the things to consider include your income and your personal needs because these two things can affect your bitcoin investment easily. Because if your income is low and you are trying to squeeze yourself just to invest without taking care of your own personal needs, an emergency can come that you will end up using breaking your bitcoin investment to solve, and in this case you might sell those investments in lost.

If you are investing in bitcoin, then make sure you have emergency funds. Don’t invest everything you have in bitcoin, in case there is an emergency, that’s what you're going to fall back on. But if all your investment is in bitcoin, whenever you are in need of money, you will have to sell some of it, even if you have it in mind to hold for the long term, and you might even be selling at loss.
 
If you don’t have enough income yet and you know if you try to invest, it’s really going to affect you, then just forget about investment for that time and make sure you focus on other important things in life. Whenever you are balanced, then investment can set in.

No body will invest all his salary in Bitcoin it is not done anywhere except the person is insane, the money will invest in Bitcoin is our Discretionary income and what is Discretionary income is the amount of money left for an individual to spend or use after sorting out his or her personal needs, so let's get this right and you can as well use your Discretionary income to build your backup funds along side your Bitcoin and if you are done building your backup funds you can focus on your Bitcoin accumulation and even become aggressive if you no it won't affect you.

One don't need to have enough money before he can go into Bitcoin investment, if you are receiving a little salary a full month and you wish to invest in Bitcoin you can, if after your monthly expenses you are lift with a Discretionary income.

[Dunamisx]

We have been saying it continuously and it has happened again, now that the market is gong bearish for some investors to find it more suitable for their entry opportunity using any investment strategy or pattern like buying to hold for a long time investment or DCA at this time, the both are useful in having consideration towards, though we may also need to work more better on our strategies before investing, as sometime it also help along in achieving the best of the investment plan we have set as priority to do.

[$crypto$]

Actually, when investing in bitcoin, you have to consider many things, and some of the things to consider include your income and your personal needs because these two things can affect your bitcoin investment easily. Because if your income is low and you are trying to squeeze yourself just to invest without taking care of your own personal needs, an emergency can come that you will end up using breaking your bitcoin investment to solve, and in this case you might sell those investments in lost.

If you are investing in bitcoin, then make sure you have emergency funds. Don’t invest everything you have in bitcoin, in case there is an emergency, that’s what you're going to fall back on. But if all your investment is in bitcoin, whenever you are in need of money, you will have to sell some of it, even if you have it in mind to hold for the long term, and you might even be selling at loss.
 
If you don’t have enough income yet and you know if you try to invest, it’s really going to affect you, then just forget about investment for that time and make sure you focus on other important things in life. Whenever you are balanced, then investment can set in.

The minimum emergency fund covers 3 months of needs, it would be better if you have 6 months of reserve funds then it will be safe when in an emergency.
Because indeed if the emergency fund is not prepared, the BTC will be sold partly to cover the needs, especially if it is sold at a loss, it is clear that your investment losses will not grow because it continues to be disturbed by your needs.

Investing must have a stable income, especially if there are other sources of income then it is better because it will cover all needs how many percent will be available for bitcoin investment.

If income is still small increase income opportunities first or hone skills that can make you make more money after that you are ripe in investing bitcoin with its adjustments.

[Frankolala]

Actually, when investing in bitcoin, you have to consider many things, and some of the things to consider include your income and your personal needs because these two things can affect your bitcoin investment easily. Because if your income is low and you are trying to squeeze yourself just to invest without taking care of your own personal needs, an emergency can come that you will end up using breaking your bitcoin investment to solve, and in this case you might sell those investments in lost.

If you are investing in bitcoin, then make sure you have emergency funds. Don’t invest everything you have in bitcoin, in case there is an emergency, that’s what you're going to fall back on. But if all your investment is in bitcoin, whenever you are in need of money, you will have to sell some of it, even if you have it in mind to hold for the long term, and you might even be selling at loss.
 
If you don’t have enough income yet and you know if you try to invest, it’s really going to affect you, then just forget about investment for that time and make sure you focus on other important things in life. Whenever you are balanced, then investment can set in.

No body will invest all his salary in Bitcoin it is not done anywhere except the person is insane, the money will invest in Bitcoin is our Discretionary income and what is Discretionary income is the amount of money left for an individual to spend or use after sorting out his or her personal needs, so let's get this right and you can as well use your Discretionary income to build your backup funds along side your Bitcoin and if you are done building your backup funds you can focus on your Bitcoin accumulation and even become aggressive if you no it won't affect you.

One don't need to have enough money before he can go into Bitcoin investment, if you are receiving a little salary a full month and you wish to invest in Bitcoin you can, if after your monthly expenses you are lift with a Discretionary income.

Using all your salary to invest in bitcoin is our gambling because how will you survive or take care of your monthly expenses or how will you be able to hodli you bitcoin investment and grow it for a long period of time. Whoever uses his full salary to invest in bitcoin will run at loss because with the way bitcoin price fluctuates, you might buy bitcoin and when you want to pay for your electric bill bitcoin price have dip, you sell with no options because paying your electric bill is very important. Infact, I will say that it is lack of seriousness with life that will make any dumb person use all his salary to invest in bitcoin.

If it is not part of your discretionary income and the right amount that will make you keep your DCA ongoing overtime, there is a high odds that you will sell part of your bitcoin when an emergency arises because you will be short of funds to take care of a real emergency when it arises. When you over invest aggressively with DCA, it is a bad practice because you will end up shooting yourself on your foot by selling what your were building faster because your were in a rush.

DCA is the best for new investors but it must be done with proper cash management and availability of emergency funds and reserve funds so that you will be able to hodli for long without any problem that will may you fall back to your bitcoin as the only option.

One can cut down his expenses in other to invest in bitcoin or look for a second means of income in which he can use the pay from the second job as his discretionary income to enable him invest in bitcoin if he is willing to invest.

[adultcrypto]

If you are investing in bitcoin, then make sure you have emergency funds. Don’t invest everything you have in bitcoin, in case there is an emergency, that’s what you're going to fall back on. But if all your investment is in bitcoin, whenever you are in need of money, you will have to sell some of it, even if you have it in mind to hold for the long term, and you might even be selling at loss.
 
If you don’t have enough income yet and you know if you try to invest, it’s really going to affect you, then just forget about investment for that time and make sure you focus on other important things in life. Whenever you are balanced, then investment can set in.

No body will invest all his salary in Bitcoin it is not done anywhere except the person is insane, the money will invest in Bitcoin is our Discretionary income and what is Discretionary income is the amount of money left for an individual to spend or use after sorting out his or her personal needs, so let's get this right and you can as well use your Discretionary income to build your backup funds along side your Bitcoin and if you are done building your backup funds you can focus on your Bitcoin accumulation and even become aggressive if you no it won't affect you.

One don't need to have enough money before he can go into Bitcoin investment, if you are receiving a little salary a full month and you wish to invest in Bitcoin you can, if after your monthly expenses you are lift with a Discretionary income.

For sure you can start investing in bitcoin with small amount of money but that will be possible if you have just enough to meet your basic needs first before you take the bold step because if you don't, there is no way to hold bitcoin when you are hungry or your family are hungry. If you are a father, you cannot bear seeing your children crying for food and feel comfortable investing the little money you have into something else and holding such investment for a long term. This is why I think it is better to consider investing only when the funds is not supposed to be used urgently, that is you can sort yourself out without resorting to selling your bitcoin.

We have been saying it continuously and it has happened again, now that the market is gong bearish for some investors to find it more suitable for their entry opportunity using any investment strategy or pattern like buying to hold for a long time investment or DCA at this time, the both are useful in having consideration towards, though we may also need to work more better on our strategies before investing, as sometime it also help along in achieving the best of the investment plan we have set as priority to do.

Indeed we have another opportunity to add more to out bitcoin holding because the price is very attractive now. There is no point waiting for further dips unless the play is to continue to buy all the way to anywhere the price might decide to turn from. In my observation, the most suitable way to go about buying bitcoin under the market condition is the DCA method. This is because you never can tell if the market will be willing to go lower from this point or if it will range in that zone and start moving high thereby making those waiting for further dips to miss the chance of entering.

I see the market as offering free money now to those who can see the opportunity therein. This is because the retracement have been long and by now their are already a lot of people who have secured their position and others still doing so now.

[Issa56]

No body will invest all his salary in Bitcoin it is not done anywhere except the person is insane

Maybe you haven’t seen someone like that before, but it’s really happening. I have come across different people who are ready to invest all the money they have with them in bitcoin. Just because of what they hear about bitcoin from other people, they already think that if they invest in bitcoin, they will quickly be able to increase their money, and they don’t even know they can lose when they invest in bitcoin. Most of the people who do crazy things like this lack basic knowledge about bitcoin, most of them are new to crypto, and they just follow what they see on social media.

[MusaPk]

Yes it won't change your life within weeks or only a few months, but if you have spare cash then you have the choice between bunkering it under your pillow or comparing assets that you would like to potentially hold because you think they will increase in value. The thing is that you can own satoshis in bitcoin, but you can't really own a tiny fraction of real estate. I think there are some possibilities out there, but nothing grants you as much self control as bitcoin does. It is a young innovative technology and it is far more inclusive and accessible than gold is. It still seems that a lot of people are hesitant because they only want to buy tangible things that they can touch, but ever since the world went digital I think it is high time to go with the times. To not own bitcoin is probably a bigger mistake than owning at least some and learn that it was the wrong decision to buy it if it goes down in value forever. But when you see what the younger generations are willing to spend money, then it is far more likely that a digital currency will thrive. They buy gloves and swords in World of Warcraft and spend a fortune on ring tones for their mobiles. They buy digital flowers and send it to their girlfriends and most of the time the value of these digital items is zero and yet they buy it.

And last but not least the risk of bitcoin crashing to zero isn't any higher than big banks crashing to zero. I am not saying all of them, but the financial system is very fragile whereas bitcoin has proven to be remarkably robust. The interest in the bitcoin network being healthy forever is genuine, the interest of bankers for their banks to be healthy only refers to whatever terms they serve the bank. Whenever the chance comes, they will take the gamble and put tax payers and customers at risk.

There are lots of ways to accumulate bitcoin or start from scratch. Bitcoin has big plus that you can start with as low as 1$ and there is no upper limit also. But to me the key factor in Bitcoin investment is consistency, even if you are investing 50$/100$ per week make sure you do it with consistency. There might be times when someone will have extra cash and he can invest more at that time. Such strategy will help people with low cash in getting good amount of Bitcoin (or your desired number of Satoshis/Bitcoin) over a period of time. Our first and foremost target should be to get our desired number of Satoshis/Bitcoin and then we can adjust our investment accordingly.