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Author Topic: Buy the DIP, and HODL!  (Read 111312 times)
cryptoWODL
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October 01, 2024, 01:58:00 PM
Merited by JayJuanGee (1)
 #11201

This method of investment DCA method of investment has united all types of investors. Now you don't have to wait for money management to invest but any professional can easily invest any amount of money in DCA investment method. Earlier those who had more money or those who had higher income usually invested but low income people were always deprived of investment but now those who know about DCA investment are not deprived of investment. Now as the rich are investing in DC investment method, low income people are also investing in this method. Everyone from a van driver to a top executive finds this method the best way to invest. People who do not know about this investment strategy are far behind in investing and they must know about it.
Investing in the DCA approach is easy, but that doesn't mean money management isn't necessary. Money management should be given priority in any type of investment because having a source of money will enable you to continue investing uninterruptedly for as long as you want. I agree people of any profession can invest but they need to decide before whether they will be able to continue investing for a long time. There are many who start investing at the initial stage but are forced to stop investing due to financial incapacity.

But yes it is true that now even low income people can invest in DCA method with the remaining money after meeting their family needs. Those who have a small source of money should plan before investing in such a way that the money that remains except the money used for the family does not have to be used. Those who can ensure this will be able to continue investing without hesitation.

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Ziskinberg
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October 01, 2024, 02:10:21 PM
Last edit: October 01, 2024, 02:20:50 PM by Ziskinberg
 #11202

Investing in the DCA approach is easy, but that doesn't mean money management isn't necessary. Money management should be given priority in any type of investment because having a source of money will enable you to continue investing uninterruptedly for as long as you want. I agree people of any profession can invest but they need to decide before whether they will be able to continue investing for a long time. But yes it is true that now even low income people can invest in DCA method with the remaining money after meeting their family needs.  Those who have a small source of money should plan before investing in such a way that the money that remains except the money used for the family does not have to be used.

When it comes to long-term investing and managing your funds, you’ve got to have control..and it’s easier than you think if you stick to a simple game plan. A lot of people save for retirement by putting money in the bank.... but why not invest in Bitcoin instead? If you’ve got a job, setting aside just 5 to 10% of your monthly salary to buy Bitcoin is doable.

It’s all about having discipline and believing that it will pay off in the future.....

Think about it....when you save money in a bank, it depreciates over time due to inflation. That’s the opposite of Bitcoin, where the longer you hold, the more value it gains. Since Bitcoin’s inception, "it has averaged a 200% annual growth rate" per my research. Compare that to banks that give you just 1% to 2% a year....and some even charge fees on deposits! So, when you see it this way, it’s easy to convince yourself to be disciplined and invest regularly for your future and your family’s future, aiming for financial freedom when you retire.

It’s not too late.....  Smiley Cheesy

If you think Bitcoin’s current value means it won’t rise anymore, think again, there’s still room for growth. Even if the global economy faces challenges, Bitcoin could be the solution; it’s a safe haven that could actually rise in value as people look to protect themselves against inflation.
Ruttoshi
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October 01, 2024, 03:06:02 PM
 #11203

This method of investment DCA method of investment has united all types of investors. Now you don't have to wait for money management to invest but any professional can easily invest any amount of money in DCA investment method. Earlier those who had more money or those who had higher income usually invested but low income people were always deprived of investment but now those who know about DCA investment are not deprived of investment. Now as the rich are investing in DC investment method, low income people are also investing in this method. Everyone from a van driver to a top executive finds this method the best way to invest. People who do not know about this investment strategy are far behind in investing and they must know about it.
Investing in the DCA approach is easy, but that doesn't mean money management isn't necessary. Money management should be given priority in any type of investment because having a source of money will enable you to continue investing uninterruptedly for as long as you want. I agree people of any profession can invest but they need to decide before whether they will be able to continue investing for a long time. There are many who start investing at the initial stage but are forced to stop investing due to financial incapacity.

But yes it is true that now even low income people can invest in DCA method with the remaining money after meeting their family needs. Those who have a small source of money should plan before investing in such a way that the money that remains except the money used for the family does not have to be used. Those who can ensure this will be able to continue investing without hesitation.
If a new investor is able to figure out how much from his discretionary income that he can use to invest in bitcoin which will enable him keep his weekly or monthly buying with DCA ongoing for 4-10 years, and build his emergency funds up 3-6 months. That investor should be able to become successful in his bitcoin journey in a long term. This is because when a real emergency arises, he will be able to take care of it without selling part of his bitcoin investment to take care of such emergency.

It is when a new investor allocate more than the amount that he is suppose to use to DCA every week or month regularly that he will end up having problems in his bitcoin journey because he has over aggressively invested and when  need arises, he will have no option than to sell his bitcoin portfolio at loss especially if bitcoin price dips below his entry point. Another reason that will make an investor stumble in his bitcoin long term accumulation journey is if he does not have emergency funds available. Or when he involves himself in some unhealthy practice by selling to buy back.


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MainIbem
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October 01, 2024, 04:29:46 PM
 #11204

Investing in the DCA approach is easy, but that doesn't mean money management isn't necessary. Money management should be given priority in any type of investment because having a source of money will enable you to continue investing uninterruptedly for as long as you want. I agree people of any profession can invest but they need to decide before whether they will be able to continue investing for a long time. But yes it is true that now even low income people can invest in DCA method with the remaining money after meeting their family needs.  Those who have a small source of money should plan before investing in such a way that the money that remains except the money used for the family does not have to be used.

When it comes to long-term investing and managing your funds, you’ve got to have control..and it’s easier than you think if you stick to a simple game plan. A lot of people save for retirement by putting money in the bank.... but why not invest in Bitcoin instead? If you’ve got a job, setting aside just 5 to 10% of your monthly salary to buy Bitcoin is doable.

It’s all about having discipline and believing that it will pay off in the future.....

Think about it....when you save money in a bank, it depreciates over time due to inflation. That’s the opposite of Bitcoin, where the longer you hold, the more value it gains. Since Bitcoin’s inception, "it has averaged a 200% annual growth rate" per my research. Compare that to banks that give you just 1% to 2% a year....and some even charge fees on deposits! So, when you see it this way, it’s easy to convince yourself to be disciplined and invest regularly for your future and your family’s future, aiming for financial freedom when you retire.

It’s not too late.....  Smiley Cheesy

If you think Bitcoin’s current value means it won’t rise anymore, think again, there’s still room for growth. Even if the global economy faces challenges, Bitcoin could be the solution; it’s a safe haven that could actually rise in value as people look to protect themselves against inflation.

I think it is ignorance that make people save in the bank rather than to invest in Bitcoin cause if someone is aware that they'll make more profits even much more than what they're investing monthly or weekly in space of 4-10 years then they'll prefer it to saving in the bank that's always affected by inflation. Even though the price of Bitcoin do depreciate an investor cannot lose everything completely and would still recover when it appreciates again, so far the person continues investing periodically. Earlier today I just got charged about a 1000 plus in my local currency for sms fee but I've never experienced that with the Bitcoin I'm holding and that's why I'll always consider investing on Bitcoin over saving in the bank anyday or time. Well, it's okay to say that any Bitcoin investor that doesn't have discipline is wasting their time and not yet ready for investment, you don't invest for the interval of 6months  to a year and then take profits at any upsurge, that's not how it works when they say Bitcoin investment requires long-term it's about 4- 10 years interval not the other way round and it's only discipline that would help an investor abide to that concept.

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Samlucky O
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October 01, 2024, 06:19:02 PM
 #11205

Investing in the DCA approach is easy, but that doesn't mean money management isn't necessary. Money management should be given priority in any type of investment because having a source of money will enable you to continue investing uninterruptedly for as long as you want. I agree people of any profession can invest but they need to decide before whether they will be able to continue investing for a long time. But yes it is true that now even low income people can invest in DCA method with the remaining money after meeting their family needs.  Those who have a small source of money should plan before investing in such a way that the money that remains except the money used for the family does not have to be used.

When it comes to long-term investing and managing your funds, you’ve got to have control..and it’s easier than you think if you stick to a simple game plan. A lot of people save for retirement by putting money in the bank.... but why not invest in Bitcoin instead? If you’ve got a job, setting aside just 5 to 10% of your monthly salary to buy Bitcoin is doable.

It’s all about having discipline and believing that it will pay off in the future.....

Think about it....when you save money in a bank, it depreciates over time due to inflation. That’s the opposite of Bitcoin, where the longer you hold, the more value it gains. Since Bitcoin’s inception, "it has averaged a 200% annual growth rate" per my research. Compare that to banks that give you just 1% to 2% a year....and some even charge fees on deposits! So, when you see it this way, it’s easy to convince yourself to be disciplined and invest regularly for your future and your family’s future, aiming for financial freedom when you retire.

It’s not too late.....  Smiley Cheesy

If you think Bitcoin’s current value means it won’t rise anymore, think again, there’s still room for growth. Even if the global economy faces challenges, Bitcoin could be the solution; it’s a safe haven that could actually rise in value as people look to protect themselves against inflation.

I think it is ignorance that make people save in the bank rather than to invest in Bitcoin cause if someone is aware that they'll make more profits even much more than what they're investing monthly or weekly in space of 4-10 years then they'll prefer it to saving in the bank that's always affected by inflation.
I agree with your that investing in bitcoin is profitable than keeping some fund in the bank, but you should know that fiat is flat and bitcoin is Bitcoin. Both are important in their usage. I have said it before that bitcoin was created as an alternative to Fiat and online transaction but was not created to Totaly destroy the usefulness of fiat system. No doubt bitcoin investment is profitable but we can't invest all our fund Into bitcoin for the sake of profit. There should be certain amount for investment into bitcoin and some amount into fiat for imidiate want or fast transaction. because most people uses fiat in the bank for their business and they make profit from it and Maybe the profit they make each day is a reasonable amount that inflation can not affect so sudden. So what I want you to know is that if you put all your fund Into bitcoin, another person may not do so and you shouldn't regards such person that keeps fiat as being "ignorant" because everyone has their reasons to what they do. Who knows if he makes money in fiat and invest in bitcoin.


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Ambatman
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October 01, 2024, 06:50:48 PM
 #11206


I agree with your that investing in bitcoin is profitable than keeping some fund in the bank, but you should know that fiat is flat and bitcoin is Bitcoin. Both are important in their usage. I have said it before that bitcoin was created as an alternative to Fiat and online transaction but was not created to Totaly destroy the usefulness of fiat system. No doubt bitcoin investment is profitable but we can't invest all our fund Into bitcoin for the sake of profit. There should be certain amount for investment into bitcoin and some amount into fiat for imidiate want or fast transaction. because most people uses fiat in the bank for their business and they make profit from it and Maybe the profit they make each day is a reasonable amount that inflation can not affect so sudden. So what I want you to know is that if you put all your fund Into bitcoin, another person may not do so and you shouldn't regards such person that keeps fiat as being "ignorant" because everyone has their reasons to what they do. Who knows if he makes money in fiat and invest in bitcoin.


Yeah you quite right
We still need Fiat and some funds should be set aside for our day to day activities and in cases of emergency.
Bitcoin isn't accepted every where yet and Would the fee especially in time of congestions ain't the best for micro transactions.


So for those waiting for a Dip
Bitcoin just underwent a slight fall due to news of a War
Who bought the dip?
Or still waiting for the Dip?

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JayJuanGee
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October 01, 2024, 06:54:40 PM
 #11207

Shower thought. If there was a person who would start a debate and tell me that Bitcoin's price today is "too high", I would argue back that, although Bitcoin's price might be "too high", it might also be mispriced towards the lower extreme of the cycle. The market hasn't truly priced in the Halving, AND the true nature of the Bitcoin spot ETF.

But we can see the proof of that in a simple chart. Research Gold ETF - when it started, then look at the Gold chart after it started.
When Bitcoin was created some people didn't believe Bitcoin would grow this big in price so yes Bitcoin price is high but not too high, 

Surely part of the challenge for anyone, and maybe even moreso for a bitcoin newbie, is trying to figure out the extent to which BTC prices might be high or not.  In several senses, bitcoin prices seem high to newbies not only in terms of the price of one bitcoin (the unit value if not looking at satoshis), but also describing bitcoin in terms of how much it has appreciated does not necessarily inspire confidence that it is going to continue to appreciate - especially for someone who is just looking at bitcoin at a superficial level and also someone who is not very well informed about bitcoin might be buying into some of the negative bitcoin talking points, so if they don't know much about bitcoin and they might be getting confronted with conflicting narratives about bitcoin, then they have difficulties evaluating it.

however a time is coming when it will be very high in price but the good thing about Bitcoin investment is that no matter how high in price Bitcoin is one can still invest by Accumulating little by little since is divided into small units. For now one can't say Bitcoin is too high in price, but I will love to ask at what price will one say Bitcoin price is too high.

Surely part of the solution to uncertainty continues to be choosing a position size that  is comfortable, and getting off of zero is one angle that normies should be considering to be important, and so if they realize that they should get off of zero, that still does not necessarily mean that they need to go all in, so normies should be able to justify their entrance into bitcoin by choosing some kind of a position size that is comfortable to them, comfortable to their budget and also allows them to  balance their assessment that they need to get into bitcoin, even if they might have some fears about their getting into it (or feelings that the BTC price might be high). 

When it comes to Gold and Bitcoin, Gold has been in existence for thousands of years but Bitcoin is just some years since it's Creation but is growing so fast more than Gold, one can't compare the rate at which Bitcoin grew to Gold because from the chart one will see Bitcoin is doing much more better.
Bitcoin still remain one of the best investment in the world, 20 years to come people will be shocked that the growth of Bitcoin and I want to be part of Bitcoin till then.

It seems that your conclusion is fair SuperBitMan, even though I doubt that there is really any need to get into assessing bitcoin versus gold in order to reach such a conclusion that bitcoin is likely to perform much better than gold, both in terms of its direct spot value, yet also in terms of how the BTC spot ETFs affect bitcoin's price.  I doubt that it is going to take several years for the Bitcoin ETFs to influence bitcoin's price and/or even to put upward price pressures on bitcoin to such an extent to push its price up.  It seems that a lot of the BTC's upward price pressures and movement since October 2023 was influenced by the BTC spot ETFs, and even if we have been experiencing some pause in the UPward BTC price movements in the past 6 months, there still are likely ongoing BTC price pressures that continue to add to BTC's prices likelihood to continue to move upwardly... whether we are talking about this cycle or even in future cycles.. and also in regards to the Bitcoin Spot ETFs there continue to be new entrants and new availability of Registered Investment Advisors (RIAs) to be able to offer bitcoin spot ETFs to their clients.  I am not exactly a fan of so much third party custody of bitcoin, even though such third party custody still does seem to put upward pressures on BTC prices as long as the third parties are mostly holding the BTC that they claim to hold.. and they might end up getting in trouble both legally and financially if BTC prices end up shooting up and they don't end up having the BTC that they claim to have.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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October 01, 2024, 09:08:01 PM
Merited by JayJuanGee (1)
 #11208

I think it is ignorance that make people save in the bank rather than to invest in Bitcoin cause if someone is aware that they'll make more profits even much more than what they're investing monthly or weekly in space of 4-10 years then they'll prefer it to saving in the bank that's always affected by inflation.
Bitcoin investment is just better than leaving our money in bank, but the fact is that we can’t completely avoid banks for now because we still need them for our daily transactions, as bitcoin is not generally accepted yet, and also if the money we are planning to invest in bitcoin will be used within a short period of time, then it’s better the money is just left in bank, because after buying bitcoin with it and you decide to sell it back after a few days or weeks, you might already be at a loss, and you won’t have choice but to sell it like that. So the money that I do recommend people leave in bitcoin is money that they won’t be using for a long time.

Even though the price of Bitcoin do depreciate an investor cannot lose everything completely and would still recover when it appreciates again, so far the person continues investing periodically.
If we make a bitcoin investment, then it should be for the long term. I think that’s just the best, because no matter how bitcoin price goes down, if you just have patience and you can hold, then the price will bounce back, even if it’s going to take time, so just invest for the long term and make use of DCA strategy when investing.

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October 01, 2024, 09:14:34 PM
 #11209

Investing requires patience and if you are waiting to buy on dips then today is the right time to press the buy button. Don't forget to buy because the opportunity has arrived, even though two days ago I bought routinely with DCA because the purchase maturity and the decline that occurred today I also did not forget to re-accumulate. The importance of having reserve funds to be able to buy when the price drops.

Maybe previously about the discussion of buying using the Lump sum method and it depends on each person's perception whether to use it or not. However, I am still quite comfortable with DCA to buy defensively. Although some ideas want to cut the investment duration to be closer to the initial target of 10 years and that also depends on your respective principles.

Of course, on this occasion I remind you again not to worry about the situation in the Middle East, we continue to hold our position to continue to hold our Bitcoin ownership.

So in the last point, I want to say invest with money that you are ready to loses, So you don't panic when market changes occur like today.

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October 01, 2024, 10:19:55 PM
 #11210

This method of investment DCA method of investment has united all types of investors. Now you don't have to wait for money management to invest but any professional can easily invest any amount of money in DCA investment method. Earlier those who had more money or those who had higher income usually invested but low income people were always deprived of investment but now those who know about DCA investment are not deprived of investment. Now as the rich are investing in DC investment method, low income people are also investing in this method. Everyone from a van driver to a top executive finds this method the best way to invest. People who do not know about this investment strategy are far behind in investing and they must know about it.
Investing in the DCA approach is easy, but that doesn't mean money management isn't necessary. Money management should be given priority in any type of investment because having a source of money will enable you to continue investing uninterruptedly for as long as you want. I agree people of any profession can invest but they need to decide before whether they will be able to continue investing for a long time. There are many who start investing at the initial stage but are forced to stop investing due to financial incapacity.

But yes it is true that now even low income people can invest in DCA method with the remaining money after meeting their family needs. Those who have a small source of money should plan before investing in such a way that the money that remains except the money used for the family does not have to be used. Those who can ensure this will be able to continue investing without hesitation.

Yeah sure its really easy to use this strategy but the question there could be sustain this? Since it will really vary depends on how people handling things especially on their finances. Also not everyone have the same level of patience to deal with long term situations especially with volatile nature of bitcoin. That's why aside from learning DCA they should learn how to manage well their finances since this plays big role on their success for long term investment on bitcoin.

This cannot be learned over night but if the investor take every learnings they get on the situations they encounter for sure everything will take good place to people who's open to learn and have good patience.

DCA is for everyone its just people need to maximize this strategy so that they will get higher chance to succeed and earn profits in future.

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October 01, 2024, 11:58:37 PM
 #11211

That's why aside from learning DCA they should learn how to manage well their finances since this plays big role on their success for long term investment on bitcoin.
Yes, money management is an important issue in investment that cannot be ignored. The first thing that comes to investing is money. If I have a source of money then I will be able to invest and have the opportunity to do so for the long term otherwise whatever plan we make cannot be implemented. Before any investment we should focus on money management. Those who have source of money will get opportunity to invest regularly. In terms of investment, he can invest not only in DCA but also a large part of his money if he wants. However, those who want to invest on a regular basis find DCA to be the most useful strategy for the long term, he will have the opportunity to build a good portfolio of his Bitcoin investments.

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October 02, 2024, 04:59:49 AM
 #11212


This method of investment DCA method of investment has united all types of investors. Now you don't have to wait for money management to invest but any professional can easily invest any amount of money in DCA investment method. Earlier those who had more money or those who had higher income usually invested but low income people were always deprived of investment but now those who know about DCA investment are not deprived of investment. Now as the rich are investing in DC investment method, low income people are also investing in this method. Everyone from a van driver to a top executive finds this method the best way to invest. People who do not know about this investment strategy are far behind in investing and they must know about it.
You are wrong if you think this is the truth because in the end, even though we agree that the DCA method is simpler to do, forgetting financial management is a wrong or even ridiculous act.
When we make investments, especially for the long term, there is definitely planning that must be done and it is all of course so that we can make investments without having to struggle in the economy in everyday life which in turn of course refers to the allocation that must be thought of for investment so that it does not burden you, and it can be done when we have good financial management.

That is precisely the most vital thing and must be considered from the start because in the end financial management is indeed very important and you will not be able to do anything including investing when your financial management is poor, even if it is forced, the results will not be optimal and it will make you stray on the path that should be right.

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October 02, 2024, 06:36:26 AM
Last edit: October 02, 2024, 07:20:55 AM by Felicity_Tide
Merited by JayJuanGee (1)
 #11213


This method of investment DCA method of investment has united all types of investors. Now you don't have to wait for money management to invest but any professional can easily invest any amount of money in DCA investment method. Earlier those who had more money or those who had higher income usually invested but low income people were always deprived of investment but now those who know about DCA investment are not deprived of investment. Now as the rich are investing in DC investment method, low income people are also investing in this method. Everyone from a van driver to a top executive finds this method the best way to invest. People who do not know about this investment strategy are far behind in investing and they must know about it.
You are wrong if you think this is the truth because in the end, even though we agree that the DCA method is simpler to do, forgetting financial management is a wrong or even ridiculous act.
When we make investments, especially for the long term, there is definitely planning that must be done and it is all of course so that we can make investments without having to struggle in the economy in everyday life which in turn of course refers to the allocation that must be thought of for investment so that it does not burden you, and it can be done when we have good financial management.

That is precisely the most vital thing and must be considered from the start because in the end financial management is indeed very important and you will not be able to do anything including investing when your financial management is poor, even if it is forced, the results will not be optimal and it will make you stray on the path that should be right.


Even though the OP seem to be partially right, but I feel that there are some form of over exaggeration in his wrte up. I personally can't speak for a van driver or even a top executive, but for sure I can speak for myself. The word "Everyone" is quite misleading. If everyone finds this method the best way to accumulating Bitcoin, then what then happens to other method. You see, just as you've said, planning is a necessary criteria in making investment, in other word, you need to find your strength. And your strength is determined by how much you earn, how much you spend, and how much you are willing to DCA.

And also stating that people who do not know about this investment a far behind is also misleading. A billion can choose to make a single purchase of Bitcoin of a massive amount, and ends up making ×3000 of my entire investment in 10years to come. We shouldn't over look the importance of money (earnings), because that's what's determines how well we can accumulate. The reason why I feel the DCA method must have been emphasized on this thread is literally to give some kind of opportunities to those who earn in small amount, or to those who literally can't invest except they have big amount, or those who feel they must get a unit of Bitcoin rather than fractions, or those who just want to wait for a more convenient price that doesn't come often.

But what I have always felt that is important to everyone (no matter your class), is the income you earn. If your income is good enough (assuming a monthly income), then you can choose to buy once and wait patiently till you receive the next salary before buying again. You just have to do it in a consistent manner according to your strength. But if I am to speak for myself, knowing fully well of what I do and how I earn, then I will continue to stick to my DCA method. And I don't know about others, but for me, whenever a dip falls/happens within my DCA time, it makes me kind of happy, because for sure I will be accumulating more units than usual.

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October 02, 2024, 08:40:20 AM
Last edit: October 02, 2024, 12:33:18 PM by Ruttoshi
 #11214

And also stating that people who do not know about this investment a far behind is also misleading. A billion can choose to make a single purchase of Bitcoin of a massive amount, and ends up making ×3000 of my entire investment in 10years to come.
Of course, it is possible and that will depend on the amount that is used to lump sum once and how much was bitcoin price when he lump sum, and how much you are using to DCA. But I must tell you that if two investors A and B invests the same amount and Mr A bought once with lump sum of $100000 and hold for 10 years, he will make little profit compare to Mr B that spread out his $100000 using DCA to buy continuously every week overtime. Mr B will be in a big profit than Mr A.

On the other hand, if there is another investor Mr C who decided to use the three method to invest in bitcoin with $100000, he uses $30k to lump sum right away, used $40k for his regular DCA weekly or monthly and use $30k to buy at the dip after10 years Mr C will have more bitcoin that the other two investors and will also be in profit

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We shouldn't over look the importance of money (earnings), because that's what's determines how well we can accumulate. The reason why I feel the DCA method must have been emphasized on this thread is literally to give some kind of opportunities to those who earn in small amount, or to those who literally can't invest except they have big amount, or those who feel they must get a unit of Bitcoin rather than fractions, or those who just want to wait for a more convenient price that doesn't come often.
In addition DCA is used in order for you be able to manage your cash inflow because you will have a long term mindset commitment of always buying regularly every week with ease in order to grow and build a big size of bitcoin overtime. The rich can also use DCA method to buy bitcoin and it is not just that they cannot buy huge amount but it gives them more flexibility to have time for other investments.
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If your income is good enough (assuming a monthly income), then you can choose to buy once and wait patiently till you receive the next salary before buying again. You just have to do it in a consistent manner according to your strength. But if I am to speak for myself, knowing fully well of what I do and how I earn, then I will continue to stick to my DCA method. And I don't know about others, but for me, whenever a dip falls/happens within my DCA time, it makes me kind of happy, because for sure I will be accumulating more units than usual.
Buying once in a month or once in every three months constantly and continously is still DCA. Everyone has to figure out when it is convenient for him to buy and the most important thing is that you keep your bitcoin accumulation ongoing overtime to keep on increasing your bitcoin stash as a new investor.

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October 02, 2024, 10:57:27 AM
 #11215

That's why aside from learning DCA they should learn how to manage well their finances since this plays big role on their success for long term investment on bitcoin.
Yes, money management is an important issue in investment that cannot be ignored. The first thing that comes to investing is money. If I have a source of money then I will be able to invest and have the opportunity to do so for the long term otherwise whatever plan we make cannot be implemented. Before any investment we should focus on money management. Those who have source of money will get opportunity to invest regularly. In terms of investment, he can invest not only in DCA but also a large part of his money if he wants. However, those who want to invest on a regular basis find DCA to be the most useful strategy for the long term, he will have the opportunity to build a good portfolio of his Bitcoin investments.

A low income person can be successful in this way, so you don't disappoint new people in this way. I think there is no difference when it comes to investing in Bitcoin, because anyone can invest in Bitcoin. If you notice, you will definitely see that a low income person will be able to invest in Bitcoin only by using the DCA strategy. Because investing in the DCA method is possible in several ways, I see no role for frustration in this case.
 In order to invest in bitcoins, he can definitely start investing in bitcoins with the extra part of his income weekly and monthly. In this case, if he wants to invest regularly in Bitcoin like this for a few years, then he will definitely succeed because after 5 to 10 years, Bitcoin will form the largest portfolio.

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October 02, 2024, 12:03:39 PM
Merited by JayJuanGee (1)
 #11216

But what I have always felt that is important to everyone (no matter your class), is the income you earn. If your income is good enough (assuming a monthly income), then you can choose to buy once and wait patiently till you receive the next salary before buying again.
I agree with you that the important thing in bitcoin investment is the amount of income you earn and also the amount of bitcoin you are able to accumulate from it, but the aspect of waiting to buy every month end may not be the best option or that is not a wise investment approach. For me if a person recieve salary it is not good to invest once every month but we can mitigate the opportunity by splitting it across the week. For example if a person recieve salary at the first month of resumption, he can fix on how to split his fund into the following part, 1 for bitcoin investment 2. For emergency 3. reserved fund to use for the purpose of family expenses and also for buying bitcoin every week(DCA), buy the dip and of course lump sum till the next month of his salary which is the 4th week to enable him accumulate bitcoin at ease, than investing agresively and sell later due to lack of proper planning. Sothat he can take advantage of buying the dip in some week from his reserved fund than just investing once in Bitcoin and using the remaining amount on feeding and or meceleneous expenses. 


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October 02, 2024, 01:03:03 PM
Merited by JayJuanGee (1)
 #11217

But what I have always felt that is important to everyone (no matter your class), is the income you earn. If your income is good enough (assuming a monthly income), then you can choose to buy once and wait patiently till you receive the next salary before buying again.
I agree with you that the important thing in bitcoin investment is the amount of income you earn and also the amount of bitcoin you are able to accumulate from it,
It is not the amount of income that you earn will determine the amount of bitcoin that you will accumulate but it is the amunt of your discretionary income that will determine the amount of bitcoin you will be able to accumulate overtime if you invest with a focused and committed mindset.

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he can fix on how to split his fund into the following part, 1 for bitcoin investment 2. For emergency 3. reserved fund to use for the purpose of family expenses and also for buying bitcoin every week(DCA), buy the dip and of course lump sum till the next month of his salary which is the 4th week to enable him accumulate bitcoin at ease
I don't understand what you mean because any old investor already have his emergency funds in place to enable him survive his bitcoin accumulation journey till date. If it is a new investor I can understand but it is impossible for a new investor without an emergency funds to split his income into those three parts that you mentioned above. Because the most important thing is for the new investor to first figure out how much is his discretionary income and how much from his discretionary income that he can use to buy bitcoin for a long that without affecting him.

The new investor can use the other part of his discretionary income for his emergency funds. He can later after he has built his emergency funds up to 3-6 months, he can divert the funds into building his reserve funds. When he has built he reserve funds, he might choose to go ahead and channel the funds of building his reserve funds to float  and invest aggressively with DCA without overdoing it.

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October 02, 2024, 01:24:28 PM
 #11218

I agree with you that the important thing in bitcoin investment is the amount of income you earn and also the amount of bitcoin you are able to accumulate from it, but the aspect of waiting to buy every month end may not be the best option or that is not a wise investment approach. For me if a person recieve salary it is not good to invest once every month but we can mitigate the opportunity by splitting it across the week. For example if a person recieve salary at the first month of resumption, he can fix on how to split his fund into the following part, 1 for bitcoin investment 2. For emergency 3. reserved fund to use for the purpose of family expenses and also for buying bitcoin every week(DCA), buy the dip and of course lump sum till the next month of his salary which is the 4th week to enable him accumulate bitcoin at ease, than investing agresively and sell later due to lack of proper planning. Sothat he can take advantage of buying the dip in some week from his reserved fund than just investing once in Bitcoin and using the remaining amount on feeding and or meceleneous expenses. 


I agree successful bitcoin investing depends on how much you earn and hold. Investing only once month is not best way. Instead of this split your investments weekly to reduce risks. Divide your salary into parts. Bitcoin investment and emergency savings and family expenses. This helps you invest steadily buy bitcoin at lower prices and control spending and make wise decisions. By doing this you will maximize gains stay financially stable and accumulate bitcoin more effectively.

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October 02, 2024, 01:36:42 PM
 #11219

I agree with you that the important thing in bitcoin investment is the amount of income you earn and also the amount of bitcoin you are able to accumulate from it, but the aspect of waiting to buy every month end may not be the best option or that is not a wise investment approach. For me if a person recieve salary it is not good to invest once every month but we can mitigate the opportunity by splitting it across the week. For example if a person recieve salary at the first month of resumption, he can fix on how to split his fund into the following part, 1 for bitcoin investment 2. For emergency 3. reserved fund to use for the purpose of family expenses and also for buying bitcoin every week(DCA), buy the dip and of course lump sum till the next month of his salary which is the 4th week to enable him accumulate bitcoin at ease, than investing agresively and sell later due to lack of proper planning. Sothat he can take advantage of buying the dip in some week from his reserved fund than just investing once in Bitcoin and using the remaining amount on feeding and or meceleneous expenses. 


I agree successful bitcoin investing depends on how much you earn and hold. Investing only once month is not best way. Instead of this split your investments weekly to reduce risks. Divide your salary into parts. Bitcoin investment and emergency savings and family expenses. This helps you invest steadily buy bitcoin at lower prices and control spending and make wise decisions. By doing this you will maximize gains stay financially stable and accumulate bitcoin more effectively.

Depends on the volume you can accumulate since somehow lump sum strategy may work that way especially if you could able to acquire huge volume. But if you can only spend few bucks for acquiring for monthly basis then maybe you will not get the best result what you wanted. But if this is what those people could afford and just think about they are doing a savings with bitcoin then plan to make an action in span of 4 - 10 years then maybe this is still better than nothing. For sure there would be some changes will happen on financial side and there's a chance that people could earn big then for that situation they could just adjust their purchasing power then accumulate more bigger volume. Maybe just set aside thinking about other things and focus first on building up your bitcoin portfolio. Later on once you are already gaining decent volume then by that time you can take care of other things which is important to make your life became more sustainable.

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October 02, 2024, 02:55:17 PM
 #11220

This method of investment DCA method of investment has united all types of investors. Now you don't have to wait for money management to invest but any professional can easily invest any amount of money in DCA investment method. Earlier those who had more money or those who had higher income usually invested but low income people were always deprived of investment but now those who know about DCA investment are not deprived of investment. Now as the rich are investing in DC investment method, low income people are also investing in this method. Everyone from a van driver to a top executive finds this method the best way to invest. People who do not know about this investment strategy are far behind in investing and they must know about it.
Investing in the DCA approach is easy, but that doesn't mean money management isn't necessary. Money management should be given priority in any type of investment because having a source of money will enable you to continue investing uninterruptedly for as long as you want. I agree people of any profession can invest but they need to decide before whether they will be able to continue investing for a long time. There are many who start investing at the initial stage but are forced to stop investing due to financial incapacity.

But yes it is true that now even low income people can invest in DCA method with the remaining money after meeting their family needs. Those who have a small source of money should plan before investing in such a way that the money that remains except the money used for the family does not have to be used. Those who can ensure this will be able to continue investing without hesitation.
That's the biggest advantage of this DCA method, anyone is capable to succeed on it as long as you know how to allocate sustainable funds so you can continue to DCA without being tempted to sell at the middle of your investment process due to financial crisis.

And for you to successfully do that, do not rely on a single source of income but find side hustles that will cover up your funds for investment. That way, you will keep buying and hodling potential coins without being pressured if you can gain quick profits or not.

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