Buy the DIP, and HODL!

[Proty]

I think there is need for we to  correct one impression that has been created in this place. Although I may be right or wrong, but I strongly believe that I am right on this. The impression that I have be observed here, is the fact that many people here believe that whenever we hear DCA method what comes to our mind is buying of bitcoin once a week or in a month on regular basis. Yes it's true, but the impression I want to correct is that, "you can buy your bitcoin multiple times in a week or in a  month, and it will still be the DCA method. As many times as you wished to buy bitcoin in a week or month it's still DCA. Provided you are doing it regularly. What qualifies it to be the DCA approach is because of the regular buying you are making. Not doing it once or twice and give a gap of several weeks or months before buying again.

Well it is true as long as you are buying bitcoin at regular intervals with fixed amount of money it is still dca strategy let's take for instance if the price of bitcoin for 3days was $82k, $72k and $65k respectively. Now if an investor is buying with $10 every day for 3 days the investor has invested $30 dollars into bitcoin.when the price was $82k, bitcoin accumulated is $10/$82k which is equal to 0.000121btc.for $72k is $10/$72k which is 0.000139btc and for $65k is $10/$65 which is 0.000154btc.now the total BTC accumulated for this 3 days is 0.000414btc .To know if the investor is actually doing DCA ,lets get the average cost for each BTC , which is $30/0.000414. which will be $72463 per BTC. So I believe this my explanation has made it more clear for those that are entertaining any form of doubt that buying bitcoin every day is not dca,it is DCA as long as the investor is keeping up with DCA rules.

[Promocodeudo]

the problem is that most investors do not have patient even while using their emergency funds they just observe the market a little then they buy  thinking that is how the market works well that Is a mentality That bitcoin investors must remove for their mind .

First of, is emergency fund meant for investment, I think that should be the question, some people just decidea to overdo things may be because of either greed or lack of understanding of what the aaid fund is meant for, the set of investor I won't be lashing much if they toll this way is newbies because perhaps it may be as a result of them not taking note of the the function of emergency funds when it comes to Bitcoin investment or other investment too but as for existing investors that has been in this field for a while, I think they need to be lashed if they decide to make this mistake, how would some decide to embark on a journey that may likely ruined his or her existence in Bitcoin investment, I said that because if an investor tampers his emergency funds by investing it because may he sense a dip, what if the market keeps dipping, what will he want to do then, that's to say he may decide to either leave it their in his wallet or withdraw it on loss since he may not have anything left to carter for any sudden expenses, isn't this an unwise step.

People has to be very wise and try not to do things that's not in line with Bitcoin investment, Bitcoin investment has it own concepts and I think for anyone to get their goals accomplished in Bitcoin investment, they must align with the concept that's if they really want to remain relevant in the investment and am of the opinion that people should desist from chasing quick money in the name of Bitcoin investment, the do and don'ts of this investment is clear so anyone going contrary against it should know that he's on his own and anything that comes out of it whether good or bad should be a personal stuff, conclusionally if you've not started acumulating Bitcoin, start now, wait no longer, even though you don't have much, you should start from somewhere and soon you'll understand the importance of what you've started, don't allow procrastination to either delay your dream or kill it as the case may be, your future is in your hands, so it all depends on what you want, think Bitcoin, think the future.

[Wind_FURY]

 👀

In light of the bearish crypto moves, here's some hopium for you.

The 72-day shift of the Global M2 Money Supply still looks good. It's predicting a March 26 beginning of the next big liquidity injection, and it will last for over a month.

Trump's pump was a NEWS pump. News-related pumps (whether hopeful or fearful) aren't normally lasting. This turned out to be no different.



https://x.com/ColinTCrypto/status/1896656256317956438

This person in X is posting that he believes March 26 will be the beginning of another large liquidity injection that would take Bitcoin surging that will last over a month and take it to, perhaps another All Time High?

There's a possibility, but would that be high probability? No pleb knows. Haha. But THAT would be a most welcome possibility, no?

Buy the DIP and HODL for March 26!

Talking about the bolds words in your statement, let's say the guy is right in his speculation of his sentiment about Bitcoin price, don't you think it will be myopic thinking to sell even though it makes a new all time high?

Because in my own perspective, Bitcoin holdings is more favourable to those that hold like in  timeframe than holding because it makes a new all time high, do not forget that Bitcoin is no where near it peak price, just imagine on your own how much the value of Bitcoin might have gotten to in 12 to 20 years time from now?

These alone gives me the conviction that selling because it makes a new all time high is not the best possible way to milk the best possible revenue from your Bitcoin investment, because since Bitcoin is an asset that appreciate in value overtime, their is a higher probability that it can go up to a million dollar or more in the future, if you can hold a little bit longer.

Ser, you have gotten the context VERY WRONG, and MISUNDERSTOOD what's being said.

What the actual point is, ser, is if that person is lucky, and therefore might have made the right prediction, then buying Bitcoin before March 26, DURING A DIP, would be one of the Golden Opportunities that many of us plebs are looking for to Buy and HODL Bitcoin. Because if there's an actual liquidity injection on that date, we may never see Bitcoin fall to these price levels AGAIN.

 

[Futurexxx]

 👀

In light of the bearish crypto moves, here's some hopium for you.

The 72-day shift of the Global M2 Money Supply still looks good. It's predicting a March 26 beginning of the next big liquidity injection, and it will last for over a month.

Trump's pump was a NEWS pump. News-related pumps (whether hopeful or fearful) aren't normally lasting. This turned out to be no different.



https://x.com/ColinTCrypto/status/1896656256317956438

This person in X is posting that he believes March 26 will be the beginning of another large liquidity injection that would take Bitcoin surging that will last over a month and take it to, perhaps another All Time High?

There's a possibility, but would that be high probability? No pleb knows. Haha. But THAT would be a most welcome possibility, no?

Buy the DIP and HODL for March 26!

Talking about the bolds words in your statement, let's say the guy is right in his speculation of his sentiment about Bitcoin price, don't you think it will be myopic thinking to sell even though it makes a new all time high?

Because in my own perspective, Bitcoin holdings is more favourable to those that hold like in  timeframe than holding because it makes a new all time high, do not forget that Bitcoin is no where near it peak price, just imagine on your own how much the value of Bitcoin might have gotten to in 12 to 20 years time from now?

These alone gives me the conviction that selling because it makes a new all time high is not the best possible way to milk the best possible revenue from your Bitcoin investment, because since Bitcoin is an asset that appreciate in value overtime, their is a higher probability that it can go up to a million dollar or more in the future, if you can hold a little bit longer.

Ser, you have gotten the context VERY WRONG, and MISUNDERSTOOD what's being said.

What the actual point is, ser, is if that person is lucky, and therefore might have made the right prediction, then buying Bitcoin before March 26, DURING A DIP, would be one of the Golden Opportunities that many of us plebs are looking for to Buy and HODL Bitcoin. Because if there's an actual liquidity injection on that date, we may never see Bitcoin fall to these price levels AGAIN.

 

It's good that you clarify your statement, and am actually wrong for thinking in that direction because much anticipation points to the urge of making short term gains, which I don't think it's the best way to milk the best possible result from your Bitcoin holdings, but since you are trying to point at the fact that this opportunity that presents itself should be properly utilized now that it's available, it's good, but on my own part, I prefer buying and increasing my stash regardless of the market condition since am still far behind and a low coiner for that matter, so it wouldn't be ideal for me to waste anytime further, this is actually the best buying opportunity that may ever present itself just as you have said already, so the best we can all do is to do the needful now that the opportunity is still available.
Thanks for the clarification once again.

[Gallar]

Using one's emergency fund to accumulate or buy Bitcoin is just like going to commit suicide because definitely you won't go any far in the investment. Anyone who uses his or her emergency funds to invest, the volatility of Bitcoin will humble the investor because that is not the right way to invest in Bitcoin. I advise people to stay clear from anything they know they that can not do well because it will be pointless to invest in Bitcoin today and before two months time you are already planning on how to sell your Bitcoin, Bitcoin investment is not running so we should not be in a rush that will make us regret later thereby making Bitcoin look like a scam because that's what most persons do after investing wrongly.

It's funny if someone invests in bitcoin using emergency funds. Because in my opinion, that's not the right way to go. Because emergency funds are certainly intended for emergencies and not for investing. So basically if we want to invest in bitcoin but we don't have discretionary income yet, I think we better keep working and look for additional income. So with that, we can have discretionary income. So if you already have discretionary income, then you can invest in bitcoin. Because basically if you want to invest, don't push yourself too hard. So if we are able and have discretionary income, then we can invest in bitcoin. But if you don't have that yet, I think you shouldn't invest yet. Because if you force yourself to invest in bitcoin with emergency funds, it is very risky. So in my opinion, it's better to find additional work so you can get discretionary income. And also keep in mind that the discretionary income that we must have when investing in bitcoin does not have to be large right away, because if you have $ 10, you can immediately invest in bitcoin. And most importantly, we consistently invest in bitcoin even if it's only $10 per week or once every two weeks. Then after bitcoins have been collected quite a lot, only then can they be stored in a personal wallet.

[len01]

I largely agree with your post, except your assertion that it is a bit late is a bit of a misleading assertion, especially if a person happens to be a  brand new investor  then it is not too late.  He has to start investing into bitcoin as soon as possible.

I fully support your statement. In terms of investing in bitcoin, it is never too late if we want to remember how BTC journey since 2013 with a price around $100 and now it has reached $100k in 12 years. I always assume it will never be too late for anyone to start saving for the long term in BTC. Because we will never know how the price of BTC will be in the next 10 years, it could even be 5x-10x from the current price. So whoever that is, I always emphasize myself not to miss the next party when bitcoin starts to be more than $ 200k.

[john_egbert]

I largely agree with your post, except your assertion that it is a bit late is a bit of a misleading assertion, especially if a person happens to be a  brand new investor  then it is not too late.  He has to start investing into bitcoin as soon as possible.

I fully support your statement. In terms of investing in bitcoin, it is never too late if we want to remember how BTC journey since 2013 with a price around $100 and now it has reached $100k in 12 years. I always assume it will never be too late for anyone to start saving for the long term in BTC. Because we will never know how the price of BTC will be in the next 10 years, it could even be 5x-10x from the current price. So whoever that is, I always emphasize myself not to miss the next party when bitcoin starts to be more than $ 200k.

The most important thing is that it will become more and more scarce, the price will reflect that through the years to come.

[Stormisover]

I think there is need for we to  correct one impression that has been created in this place. Although I may be right or wrong, but I strongly believe that I am right on this. The impression that I have be observed here, is the fact that many people here believe that whenever we hear DCA method what comes to our mind is buying of bitcoin once a week or in a month on regular basis. Yes it's true, but the impression I want to correct is that, "you can buy your bitcoin multiple times in a week or in a  month, and it will still be the DCA method. As many times as you wished to buy bitcoin in a week or month it's still DCA. Provided you are doing it regularly. What qualifies it to be the DCA approach is because of the regular buying you are making. Not doing it once or twice and give a gap of several weeks or months before buying again.

Well it is true as long as you are buying bitcoin at regular intervals with fixed amount of money it is still dca strategy let's take for instance if the price of bitcoin for 3days was $82k, $72k and $65k respectively. Now if an investor is buying with $10 every day for 3 days the investor has invested $30 dollars into bitcoin.when the price was $82k, bitcoin accumulated is $10/$82k which is equal to 0.000121btc.for $72k is $10/$72k which is 0.000139btc and for $65k is $10/$65 which is 0.000154btc.now the total BTC accumulated for this 3 days is 0.000414btc .To know if the investor is actually doing DCA ,lets get the average cost for each BTC , which is $30/0.000414. which will be $72463 per BTC. So I believe this my explanation has made it more clear for those that are entertaining any form of doubt that buying bitcoin every day is not dca,it is DCA as long as the investor is keeping up with DCA rules.

Is it compulsory that the dca amount must be a fixed amount? If yes that means  investing can be burdensome and can make investors to use part of the money that they should have use to solve their expenses to completely their routing fixed amount of money for DCA at whenever their expenses becomes more larger than the previous week or month, for those that have a stable source of income probably a permanent job having a fixed amount for DCA can help to become more discipline in fact it can even become automated in a considerable way that it will not have a negative influence in sorting out their other needs, but for those that doesn't have a stable source of income maintaining a fixed amount for DCA will definitely become more difficult because of irregularities in their income flow, that is to say DCA amount shouldn't or must not be compulsorily a fixed amount for flexibility.

[Agbamoni]

The Bitcoin ETF Flow is negative, https://farside.co.uk/btc/

I believe that these are the sorts of situations that we plebs should start PAYING ATTENTION. The institutions currently don't like Bitcoin? - The new arrivals of plebs should start front-running them again, like the plebs of 2019 and 2023 who front-ran them.
PRAY that another bear market is coming because these DIPs are what YOU should be waiting for!

Why are you going back to your nonsense talk about waiting for dips, or that we should be hoping for more dip?

There is no reason to wait for dips or to store up for buying dips that may or may not end up happening - especially for newbies.

Sure, if you have spent a cycle or two accumulating, like Wind_FURY , then maybe you can afford to wait for dips, yet I doubt that Wind_FURY ever did engage in a practice of buying bitcoin regularly, persistently, consistently, ongoingly and perhaps even aggressively, so perhaps Wind_FURY has not even been able to outperform a strict and straight-forward DCA strategy, since he seems to enjoy so much the employment and the marketing of a waiting strategy.  $24-$29k prices in October 2023 did not work out so well for you, Wind_FURY, since you were so busy waiting for $20k, so you failed/refused to buy BC in the $24-$29k prices in October 2023.

I totally agree with everything you said here. There is no need to wait for dip in other accumulate that will be a very dangerous thing to do but there is every probability that the dip may never come. Only traders should think about waiting on dips since they have to sell and wait for the dip and that is the main reason i will never be a trader. Many investors still dont know how dangerous it is to always time the market when they are still in accumulation stage.

Only Wind_FURY knows how much he has accumulated since he started the right and since Bitcoin is good to maintain privacy there is no need wanting to know how well he has accumulate. I dont expect Wind_FURY be a trader because he was the one who created this topic anyway, but his desires toward waiting on dip might want to give the impression that it may be his original strategy in accumulating which i think is wrong.

[Justbillywitt]

If we are still in the accumulation stage I think it is better to forget about the name of profit, because if you keep thinking about profit then we are not focused on buying Bitcoin. Bitcoin is also not only a type of valuable asset but also an asset that is safe from all natural disasters such as fire and flood. So it is very appropriate to make Bitcoin an asset that is worth maintaining in the long term.

Beginner investors must also think about how their investments can run in the long term. I am quite sure that someone who has invested in bitcoin already has a strong mentality and is ready to face all risks. The carelessness of an investor because they panic and panic must be eliminated if we focus on the long term. You are right, investing with a dca strategy is quite good because it is very supportive for the long term with routine accumulation that we do once a week.

I think there is need for we to  correct one impression that has been created in this place. Although I may be right or wrong, but I strongly believe that I am right on this. The impression that I have be observed here, is the fact that many people here believe that whenever we hear DCA method what comes to our mind is buying of bitcoin once a week or in a month on regular basis. Yes it's true, but the impression I want to correct is that, "you can buy your bitcoin multiple times in a week or in a  month, and it will still be the DCA method. As many times as you wished to buy bitcoin in a week or month it's still DCA. Provided you are doing it regularly. What qualifies it to be the DCA approach is because of the regular buying you are making. Not doing it once or twice and give a gap of several weeks or months before buying again.

For this I think it is not necessary to be a problem because in the end what I wrote refers to what I do and until now I still do DCA once a week. Regardless of other people who buy once a day like El Salvador, once a week, once every 2 weeks or once a month I have no problem with that because it is indeed the same as DCA but my previous statement was just a description for myself because I accumulate it once a week.

If you are indeed able to do something more like once a day or once every 3 days or another possibility if you really want to do it once every 2 weeks or once a month it is up to those who do it because after all investment here is not a competition but we must focus on the economic growth that we have so that the impression is to prepare for the long term that we do, we also do not force our will by investing that you cannot do because you are pushing yourself too hard.

It's all good you know, my initial post wasn't talking about you in particular. I know everyone should buy according to their disposable income and convenience in a manner that it wouldn't affect other aspects of lives. It was just an observation that I saw, I just shared my thought on it, so people will know that it is not stamped anywhere that we need we do DCA once a week or month. It can be done as much as we want, provided we have the resources to do so. Myself I have been guilty of this thinking in the past, but as my knowledge expanded, I realised that DCA must not only be done once a week or month. So when I saw that in your previous post where I highlighted, I decided to make that observation. Just take it as a way of me sharing my thought and not as an attack or talking down on your post. It's all good here.

[DubemIfedigbo001]

This is supposed to be an investment in a dumping market, but in my case, the opposite is happening, especially today, when I sold my Bitcoin. However, the smart ones in this market are those who plan to buy and hold for the long term instead of selling. However, today I was forced to sell my accumulated Bitcoin to do some Eid shopping, and I hope I will regret selling this Bitcoin in the future.
Don't sell your BTC, hold it ..

You sold your bitcoin because of your shopping is a demonstration of your not having backup funds. Religious activities are paramount quite alright, and I believe that if you had adequate cashflow management and planning, you should have setup a backup fund specific to that shopping since you knew its date from earlier. Lack of backup funds have liquidated your portfolio which is very bad.

Maybe you'll learn from your mistakes, This is what you get being practical with your bitcoin journey as an early investor, you would make variety of mistakes and keep on learning and getting more experienced until you attain some sort of maturity on your investment processes, so as you start afresh to build your portfolio, remember to build your variances of backup funds alongside your bitcoin accumulation so that you wouldn't have to tamper with your investment again.

This is supposed to be an investment in a dumping market, but in my case, the opposite is happening, especially today, when I sold my Bitcoin. However, the smart ones in this market are those who plan to buy and hold for the long term instead of selling. However, today I was forced to sell my accumulated Bitcoin to do some Eid shopping, and I hope I will regret selling this Bitcoin in the future.
Don't sell your BTC, hold it ..

Maybe selling an investment is a personal decision for everyone but I wouldn't consider the decision to sell as reasonable if there aren't enough Bitcoins. Moreover this post of yours may serve as an example for investors, this post makes it clear that an emergency fund is very important for every investor. If you had an emergency fund in place before investing, you would never have had to sell Bitcoin and instead would have had the opportunity to buy a little more Bitcoin during a market dump. We should not invest all our money in Bitcoin, it may have more risk potential. So I think instead of selling Bitcoin now, buy more.

It is not entirely necessary to have an emergency fund in place before starting out your bitcoin accumulation journey, you can build it alongside your accumulation journey until it can service at least three months of your expenses (or more depending on your decision) which after that you can decide to channel the amount initially apportioned to backup funds into your bitcoin accumulation in order to increase your aggressiveness until possibly a variance or more of your backup fund serves its purpose and there is need to build it back.

Waiting to build your emergency funds before starting your accumulation journey may result in unnecessary time wastage and procrastination in starting your accumulation journey which is why it is more important to start accumulating bitcoin first and then incorporate building your backup funds alongside it.

[CageMabok]

Generally, our investment should be done based on our income flow/ the level of our discretionary income and our personal designation to carry out this operation based on this in such a way that it suits us by not negatively affecting our other life, it doesn't necessary matter how and when, what is most prioritize is your level of consistency which is very paramount as way of increasing the size of our holding and the chances of having an overall reasonable size of Bitcoin over the long period of time.

Referring to our own income level is the same as referring to our own ability in everything including making long-term investments in Bitcoin. I also think that this is good because there is no element of coercion in doing it, moreover it can also make ourselves a little comfortable in doing it more routinely and also more consistently in the long term. So I also agree with the idea you expressed because if we compare it with the level of coercion in doing something like in this investment example, of course the level of consistency will not be too visible in our own efforts. So this does need to be measured from the level of our own ability through the income we get every month so that the investment work we want to do can continue to run smoothly for a long time.

[MainIbem]

Generally, our investment should be done based on our income flow/ the level of our discretionary income and our personal designation to carry out this operation based on this in such a way that it suits us by not negatively affecting our other life, it doesn't necessary matter how and when, what is most prioritize is your level of consistency which is very paramount as way of increasing the size of our holding and the chances of having an overall reasonable size of Bitcoin over the long period of time.

Referring to our own income level is the same as referring to our own ability in everything including making long-term investments in Bitcoin. I also think that this is good because there is no element of coercion in doing it, moreover it can also make ourselves a little comfortable in doing it more routinely and also more consistently in the long term. So I also agree with the idea you expressed because if we compare it with the level of coercion in doing something like in this investment example, of course the level of consistency will not be too visible in our own efforts. So this does need to be measured from the level of our own ability through the income we get every month so that the investment work we want to do can continue to run smoothly for a long time.

Yeah every investor should invest according to their level of  earning, one shouldn't take silly risks cause they want to invest on Bitcoin, I've heard cases were people take loans to invest on Bitcoin, you'll be suprised how some investors would put themselves in debt cause of a long-term investment, they're not even bothered about the interest on the loan and how much it would've pilled up before they pay back, those are some silly mistakes that people should take note of, their are rules to everything and if one obey the rules of Bitcoin investment and follow them diligently, they'll build a successful portfolio without facing unnecessary negative situations. Also consistency is another area of concentration that matters a lot, though some people ignore it by having the mentality of investing for short-term profits, anyways someone without a job or steady spident shouldn't even think of going into Bitcoin investment cause it's a waste of time, those are the set of peope that would end up taking loans to go into Bitcoin, which is silly.

[Sticky Bomb]

...

Another scenario is not to take loans in order to buy Bitcoin. You have to return loans by selling Bitcoin and you never know the price of Bitcoin in immediate short term.

I have my reservation of people's attitude towards loans and its purpose in investments. There is what we call good debts, which is a debt you can get into in order to have an advantage and it is what you can pay back without much problems, the issue comes from when you have to depend on your bitcoin investment to pay the loans and this is never a good investment practice. In fact, it is a dangerous trading practice. Let me cite an example to drive home my point.

We are currently in a dip, an investor who regularly invests $200 weekly and wants to take advantage of this dip can take a loan of lets say $5,000 with an interest rate of 5% in order to buy more quantity of bitcoin at this reduced price. Now, this $5,000 is equivalent to 6 months and 1 week of his normal accumulation timeline if we go by 4weeks for a month calendar and possibly, he spreads the repayment to about a 9 month timeline. The totality of what he is to pay is $5250 and spreading it across his 9 months timeline would see him repaying approximately $146 monthly while he still has $54 to continue his DCA.

He has won on two sides, the fact that he bought more quantity at a reduced price and the fact that he keeps adding $54 to his portfolio even while repaying the debt with his supposed accumulation budget. He might hit more money and pay off the debt before the 9 months timeline and return to his normal accumulation amount which is $200 weekly or increase his aggressiveness if he is able to. He definitely would have more amount of bitcoin than someone who is just accumulating $200 weekly for the said period of time peradventure the price of bitcoin surges upwards.

Good debts have a good advantage and can be helpful as far as it is what we can afford to pay effortlessly.

[Pi-network314159]

I largely agree with your post, except your assertion that it is a bit late is a bit of a misleading assertion, especially if a person happens to be a  brand new investor  then it is not too late.  He has to start investing into bitcoin as soon as possible.

I fully support your statement. In terms of investing in bitcoin, it is never too late if we want to remember how BTC journey since 2013 with a price around $100 and now it has reached $100k in 12 years.

you may be right in term of explaining that it is never too late for an investor to buy bitcoin, but the aspect of bitcoin starting since 2013 at the rate of $100 may be misleading to a newbie who is new here and may never get clear idea about bitcoin history. so for more clarity i will say according to research, bitcoin was launched exactly at January 3, 2009 with basically 0 value in $ until may 2010 when it gain value by $0.01. so basically bitcoin is over 16 years and not 12 year, starting from the time it was launched.

snip

Well it is true as long as you are buying bitcoin at regular intervals with fixed amount of money it is still dca strategy let's take for instance if the price of bitcoin for 3days was $82k, $72k and $65k respectively. Now if an investor is buying with $10 every day for 3 days the investor has invested $30 dollars into bitcoin.when the price was $82k, bitcoin accumulated is $10/$82k which is equal to 0.000121btc.for $72k is $10/$72k which is 0.000139btc and for $65k is $10/$65 which is 0.000154btc.now the total BTC accumulated for this 3 days is 0.000414btc .To know if the investor is actually doing DCA ,lets get the average cost for each BTC , which is $30/0.000414. which will be $72463 per BTC. So I believe this my explanation has made it more clear for those that are entertaining any form of doubt that buying bitcoin every day is not dca,it is DCA as long as the investor is keeping up with DCA rules.

Is it compulsory that the dca amount must be a fixed amount?

from my point of view i think that proty made only an assumption and not could have had an intention of making his accumulation process so rigid.  

[SOKO-DEKE]

Generally, our investment should be done based on our income flow/ the level of our discretionary income and our personal designation to carry out this operation based on this in such a way that it suits us by not negatively affecting our other life, it doesn't necessary matter how and when, what is most prioritize is your level of consistency which is very paramount as way of increasing the size of our holding and the chances of having an overall reasonable size of Bitcoin over the long period of time.

Referring to our own income level is the same as referring to our own ability in everything including making long-term investments in Bitcoin. I also think that this is good because there is no element of coercion in doing it, moreover it can also make ourselves a little comfortable in doing it more routinely and also more consistently in the long term. So I also agree with the idea you expressed because if we compare it with the level of coercion in doing something like in this investment example, of course the level of consistency will not be too visible in our own efforts. So this does need to be measured from the level of our own ability through the income we get every month so that the investment work we want to do can continue to run smoothly for a long time.

Yeah every investor should invest according to their level of  earning, one shouldn't take silly risks cause they want to invest on Bitcoin, I've heard cases were people take loans to invest on Bitcoin, you'll be suprised how some investors would put themselves in debt cause of a long-term investment, they're not even bothered about the interest on the loan and how much it would've pilled up before they pay back, those are some silly mistakes that people should take note of, their are rules to everything and if one obey the rules of Bitcoin investment and follow them diligently, they'll build a successful portfolio without facing unnecessary negative situations. Also consistency is another area of concentration that matters a lot, though some people ignore it by having the mentality of investing for short-term profits, anyways someone without a job or steady spident shouldn't even think of going into Bitcoin investment cause it's a waste of time, those are the set of peope that would end up taking loans to go into Bitcoin, which is silly.

What would even be a reason for someone who wants to hold Bitcoin for a very long period to take a loan to invest in Bitcoin? When they have a long period of time, they could accumulate Bitcoin gradually by making use of DCA (Dollar Cost Averaging).

I would just say that he or she is not truly interested in holding Bitcoin for the long term. People who take such risks are often those eager to make quick profits. Their aim is to sell within a short period, and they are considered traders. This is a very bad idea because even trading is a big risk. Trying to take out a loan to outsmart the market is the worst thing such a trader can do.

It is always better for any investor to invest only what they have and can afford to lose. Some people lose money in Bitcoin because of their eagerness to make quick profits in Bitcoin.

[Sticky Bomb]

Generally, our investment should be done based on our income flow/ the level of our discretionary income and our personal designation to carry out this operation based on this in such a way that it suits us by not negatively affecting our other life, it doesn't necessary matter how and when, what is most prioritize is your level of consistency which is very paramount as way of increasing the size of our holding and the chances of having an overall reasonable size of Bitcoin over the long period of time.

Referring to our own income level is the same as referring to our own ability in everything including making long-term investments in Bitcoin. I also think that this is good because there is no element of coercion in doing it, moreover it can also make ourselves a little comfortable in doing it more routinely and also more consistently in the long term. So I also agree with the idea you expressed because if we compare it with the level of coercion in doing something like in this investment example, of course the level of consistency will not be too visible in our own efforts. So this does need to be measured from the level of our own ability through the income we get every month so that the investment work we want to do can continue to run smoothly for a long time.

Yeah every investor should invest according to their level of  earning, one shouldn't take silly risks cause they want to invest on Bitcoin, I've heard cases were people take loans to invest on Bitcoin, you'll be suprised how some investors would put themselves in debt cause of a long-term investment, they're not even bothered about the interest on the loan and how much it would've pilled up before they pay back, those are some silly mistakes that people should take note of, their are rules to everything and if one obey the rules of Bitcoin investment and follow them diligently, they'll build a successful portfolio without facing unnecessary negative situations. Also consistency is another area of concentration that matters a lot, though some people ignore it by having the mentality of investing for short-term profits, anyways someone without a job or steady spident shouldn't even think of going into Bitcoin investment cause it's a waste of time, those are the set of peope that would end up taking loans to go into Bitcoin, which is silly.

What would even be a reason for someone who wants to hold Bitcoin for a very long period to take a loan to invest in Bitcoin? When they have a long period of time, they could accumulate Bitcoin gradually by making use of DCA (Dollar Cost Averaging).

I would just say that he or she is not truly interested in holding Bitcoin for the long term. People who take such risks are often those eager to make quick profits. Their aim is to sell within a short period, and they are considered traders. This is a very bad idea because even trading is a big risk. Trying to take out a loan to outsmart the market is the worst thing such a trader can do.

It is always better for any investor to invest only what they have and can afford to lose. Some people lose money in Bitcoin because of their eagerness to make quick profits in Bitcoin.

The holding period isn't the main focus, but the accumulation target. If there are sustainable ways you can leverage on good loans that you can repay easily in order to maximize dips when they present themselves in order to get more quantities at reduced prices just like I described above, then I think the investor is employing good strategies to drawing much closer to his accumulation target at a faster pace and the faster you get to your accumulation target, the easier and faster it is for you to get to over accumulation stage and definitely, the more BTC the investor has gathered even before his holding period elapses and overall, the more financial cushion he has with his investment.

[Proty]

Is it compulsory that the dca amount must be a fixed amount? If yes that means  investing can be burdensome and can make investors to use part of the money that they should have use to solve their expenses to completely their routing fixed amount of money for DCA at whenever their expenses becomes more larger than the previous week or month, for those that have a stable source of income probably a permanent job having a fixed amount for DCA can help to become more discipline in fact it can even become automated in a considerable way that it will not have a negative influence in sorting out their other needs, but for those that doesn't have a stable source of income maintaining a fixed amount for DCA will definitely become more difficult because of irregularities in their income flow, that is to say DCA amount shouldn't or must not be compulsorily a fixed amount for flexibility.

It is not compulsory that that the DCA amount must be fixed amount,an investor can decide to be using a fixed percentage of his discretionary income let says %70 to be doing DCA or more and this fixed percentage is not a fixed amount it varies with the investors discretionary income.An investor can decide to increase or decrease his DCA amount as per his level of discretion.however as long as DCA is concerned the investor must maintain buying bitcoin at regular intervals and holding for a longer time.An investor DCA strategies should be able to suit there income flow and long term goals.

[Wakate]

...

Another scenario is not to take loans in order to buy Bitcoin. You have to return loans by selling Bitcoin and you never know the price of Bitcoin in immediate short term.

I have my reservation of people's attitude towards loans and its purpose in investments. There is what we call good debts, which is a debt you can get into in order to have an advantage and it is what you can pay back without much problems, the issue comes from when you have to depend on your bitcoin investment to pay the loans and this is never a good investment practice. In fact, it is a dangerous trading practice. Let me cite an example to drive home my point.

Whether a good debt or a bad one, it wouldn't be surprising when a newbie or someone that claims to be an entrepreneur uses all his funds to invest in cryptocurrency when the hope that the price is going to appreciate as soon as possible and his going to start making profits within little time.

 This is the way many investors especially the ones that are new in the crypto space. Experience and knowledge works together which is why it's good to ask questions, I mean a critical question when making a financial decision. This involves money and it's important for anyone that wants to invest in cryptocurrency to understand thoroughly what they intend to put the money so they will not have problem after investing. It very important for every investor to have a backup funds which is necessary for any emergency case.

We are currently in a dip, an investor who regularly invests $200 weekly and wants to take advantage of this dip can take a loan of lets say $5,000 with an interest rate of 5% in order to buy more quantity of bitcoin at this reduced price. Now, this $5,000 is equivalent to 6 months and 1 week of his normal accumulation timeline if we go by 4weeks for a month calendar and possibly, he spreads the repayment to about a 9 month timeline. The totality of what he is to pay is $5250 and spreading it across his 9 months timeline would see him repaying approximately $146 monthly while he still has $54 to continue his DCA.

Where do you think one can get a loan with an interest rate of 5% and for how long? I asked you because I've not really seen that and for how long. Your Narative is actually wrong because I am still contemplating who is going to give you a loan of 5% to pay all in 9 months. Most loan I've been seeing is between 15% and 35% depending how long it's going to take you to clear the loan.

Just imagine getting a 5k loan with an estimated interest rate of about 15% to 25% although this could depend on your region and what platform you are using to get the loan.
If you multiply 5k × 20% to be paid within 9 months timeframe. That means you are paying 1k extra making it 6k to be paid.

The question here is that what's the assurance that you 5k investment could worth more than 6k in 9 months timeframe. You know that the market is unpredictable and it would make sense to take risks without proper planning for backup funds which is very important.

[Richbased]

Is it compulsory that the dca amount must be a fixed amount? If yes that means  investing can be burdensome and can make investors to use part of the money that they should have use to solve their expenses to completely their routing fixed amount of money for DCA at whenever their expenses becomes more larger than the previous week or month, for those that have a stable source of income probably a permanent job having a fixed amount for DCA can help to become more discipline in fact it can even become automated in a considerable way that it will not have a negative influence in sorting out their other needs, but for those that doesn't have a stable source of income maintaining a fixed amount for DCA will definitely become more difficult because of irregularities in their income flow, that is to say DCA amount shouldn't or must not be compulsorily a fixed amount for flexibility.

It is not compulsory that that the DCA amount must be fixed amount,an investor can decide to be using a fixed percentage of his discretionary income let says %70 to be doing DCA or more and this fixed percentage is not a fixed amount it varies with the investors discretionary income.An investor can decide to increase or decrease his DCA amount as per his level of discretion.however as long as DCA is concerned the investor must maintain buying bitcoin at regular intervals and holding for a longer time.An investor DCA strategies should be able to suit there income flow and long term goals.

As you can see the definition of the dollar-cost averaging (DCA) by Google, it involves investing an equal amount of money consistently so even if your discretionary income increases and you also want to increase you DCA amount, it must be done equally at regular intervals. An investor who has reserved funds can still decide to be investing all their discretionary income in buying bitcoin because the reserved can still stand for miscellaneous expenses that you didn't bargain for, so even if you use all your discretionary amount, it won't be a problem for you.

Dollar-cost averaging (DCA) is an investment strategy where you invest a fixed amount of money at regular intervals, regardless of the market's fluctuations, aiming to reduce risk and potentially achieve a lower average purchase price over time. Link