Buy the DIP, and HODL!

[ginsan]

That is, I am clearing this matter here, suppose an investor invests 100 dollars every week and the market did not change much in those few weeks that he invested consistently but after a few days the market dumped a lot and at that time that investor bought more bitcoins with more money during the market low but he will have a good chance of more profit in the future.  

If he has a budget of $100 per week to buy bitcoin, then where is he going to get the extra money?  Are you trying to suggest that he actualy has more than $100 per week, but he has been holding back some money in order to buy the dip?  Do you believe that he is advantaged by the practice of holding back some of his value, or are you suggesting that there are not any trade offs for the guy who is holding back value to be buying on dips that may or may not end up happening.

I have only mentioned investing $100 per week to make the idea of investing clear. For example, this does not mean that every investor must invest $100 a week. Before talking about investing in bitcoins I have talked about the DCA investment strategy and I have made it clear that in this investment strategy an investor can invest any amount of money at any time. If my post is read by a new investor then he may like the point as stated in the beginning and he may not take seriously the amount I have used to illustrate the case since I am using the following points as an example. Bitcoin is a reliable investment platform to invest in. If it is possible for a person to invest $100 a week, I think he should invest $100.

That is, I am clearing this matter here, suppose an investor invests 100 dollars every week and the market did not change much in those few weeks that he invested consistently but after a few days the market dumped a lot and at that time that investor bought more bitcoins with more money during the market low but he will have a good chance of more profit in the future.  

If he has a budget of $100 per week to buy bitcoin, then where is he going to get the extra money?  Are you trying to suggest that he actualy has more than $100 per week, but he has been holding back some money in order to buy the dip?  Do you believe that he is advantaged by the practice of holding back some of his value, or are you suggesting that there are not any trade offs for the guy who is holding back value to be buying on dips that may or may not end up happening.

There is no problem with the amount changing, basically the investment will depend on an investor's income. If every investor can invest $10 every week then his investment amount at the end of one month is $40 before. And the 10 dollars he invests is not the full amount of his income. Rather, I mean the investor if he is extra serious about his investment then he can consistently invest a portion of his income and set aside some money from the rest of the income so that he can use that money to buy more bitcoins when the opportunity arises.  
Now I have mentioned $100 every week and seeing that the investor has to invest $100 this is not the case.

In my opinion, starting an investment is like learning something new, so we can start with our ability and can increase the budget to be bigger if we are not burdened.

Starting an investment is very simple, we just buy and save, no need to know more if we are still beginners. The thing that we must strengthen in ourselves when starting an investment is of course our mental readiness because bitcoin does not guarantee an increase when we buy. So mental readiness is very necessary for novice investors in the long-term investment journey.

Of course, budget adjustments can be adjusted if our discretionary income increases and can be adjusted to buy bitcoin more aggressively.

[promise444c5]

You shouldnt be suprised, statements like that are bound to be read, cause traders come here to talk about how buying the dip is by choice and how it's nobody's business how anyone wants to go about their investment plan, it misleads some people into believing they're right, that it's very okay while some who take their time to study the thread and verify the right informations from the wrong ones would know the right thing to believe when they come across it, they'll understand that an investor doesn't have to waste they're time waiting to buy the dip and hodl, waiting for the dip to happen before buying is a misplaced priority in bitcoin investment and would make one miss out on opportunies, bitcoin being unpredictable is enough reason why one should rather buy at anytime using the DCA method, the thread is getting divided due to wrong informations but with time more people would get to understand the right things.

There are actually two types of DIP buyers, those that Nomally buy dips and those that set a particular  lower Dip price entry to buy.
The  second set of Dip buyers are those who wait for a long Dips( mostly bear season) which is not a good practice... Bear season is just what we made up  just like Bull run  due to how the market  has been taking the shape of previous price  market history...
Everything can be altered at anytime but we have the hope that the Bull are always going to be on the winning side compare to the bear because it will continue to get scarce, which is why that kind of logic could dissapoint else if there's a repetition then some could get lucky while some could still miss out thinking it still going to go a little bit lesser..  
To avoid this investors can just stick to DCA method and then Buy Dips as additional advantage  if they can else if they can't then DCA should cover it up.

Having a fixed income source means that you have unnecessary money, sufficient cash funds and the ability to create backup funds. This does not mean that you have all the knowledge, the ability to take the right steps at the right time, the patience to achieve long-term goals or the determination to succeed. There is nothing in investing that can definitely make you a successful investor.

Nope! Having stable  income means you receive  money from a particular source from time to time, while fixed income means you receive a particular sum of income from time to time, it doesn't mean  it could be sufficient, individual are left to decide that by themselves.. it could be low normally but as long it doesn't seize then it considered stable and as long as it doesn't reduce  till you hit the particular total agreement(if there's any) then it's fixed..
Hence, both can help you plan and manage  your investment journey  such as having backups and emergency funds while investing just as you've mentioned[you know how much you earn and you know it's not stopping anytime soon maybe/ particular time it's ending ] thus provides some  contributions to the success of your investment

[ZeroVinsonN]

In as much as am not a fan of waiting for the value of Bitcoin to dip before making a purchase, that doesn't mean that buying the dip makes you a short term investor, don't you know that their are so many Investors out there that are very close to the end of their accumulation journey, they no longer buy on a regular basis again, because they have that leverage of waiting to buy during the dip.

Waiting for the market to fall does not make you a short-term investor, but it does make it look a bit like trading. Yes, there is nothing wrong with a person who is on the verge of his goal and waiting to buy a dip or he is not procrastinating. However, these sentences can be confusing for a newbie. It is really a newbie investor who can misunderstand this sentence and waste time analyzing the market before buying and can wait for the market to fall. I mean, during the conversation, it is not necessary to mention the subject of an experienced investor here. Because an experienced investor is not here to learn. So it is better for a newbie to see waiting to buy a dip negatively.

From my point of view, for an inexperienced investor to stop the continuity and wait for a dip is absolutely the wrong approach and inappropriate thing to do. In this way, he may move away from investing or become a trader or a short-term investor tempted by short-term profits. This can even apply to an experienced investor. Although experienced investors are outside my scope of discussion. Still, I do not recommend waiting for a dip for an experienced investor or an inexperienced investor if you have not fully achieved your goal. You are completely free to buy after achieving your goal.

Buy the DIP and HODL, any smart individual investing in bitcoin will definitely want to do this, and they won't be wrong to do so, since buying the dip is a strategic approach to the market, it also need a strategic mind to follow up on it, veteran investors who already have substantial amount of bitcoin stashed away will most likely decide to wait for a dip before making purchase and they can also buy when ever they want to, but a newbie waiting for the DIP before making purchase is not advisable, a newbie should try to accumulate as much bitcoin as possible regardless of the market value at that time, as long as the money used to make the purchase is discretionary, and they can do without it.

[MusaPk]

Another thing you should know is that buying on dips is not compulsory at all dips. If you don't have extra discretionary income to buy the dip don't buy. People do mistake of using money meant for emergencies to buy the dip and

Bitcoin investment should be like "out of sight, out of mind", means you should keep them in a way that you don't touch (use) them very often. That's possible only if you have cash available to meet your daily expense and emergency needs. How you balance cash that goes to bitcoin and in your daily expense differs from person to person. That's only as an individual we can decide that how much is good for Bitcoin.

when an emergency appears in the future they go back to touch their investment what is now the essence of buying the dip then it will even be worst if when they tamper their investment the market is in a downtrend this means they will lose some value of their money in the process.

Even if Bitcoin price went down for some reason it will eventually recover in the long run, make sure you have a strategy that takes full advantage of Bitcoin long run price gain. If someone keep touching his Bitcoin after short intervals, he might not be able to get full benefit of bitcoin investment.  

[iamsange]

Surely passed result is not to be a guarantee future results,  with the rate at which things increases by the day, it have not open our eyes but it have make us to prepare ourselves not source in one place, we as a Bitcoiner didn't give us the guarantee that we are better than those that are not into it but we investment to make life different for ourselves not living the life of competition.

If the source you mean is a source of income in life, of course everyone will be much better if they are able to get that source in several places even though the measurements are very different and varied. But for those who do not believe in Bitcoin and do not invest in Bitcoin because they are still prestigious enough to admit Bitcoin as the best, of course we do not have to follow their steps because the steps we are making now are much more appropriate than the others. And if we talk about guaranteeing a better future through Bitcoin, it seems you need to look at the lives of more old investors who have invested in Bitcoin so that you can make a clearer comparison to those who still doubt Bitcoin until now.

Living this life is not to compete, but the competition is always there and always created by itself even though we only invest in Bitcoin, because when we see other investors who have felt quite a lot of profit and still have more Bitcoin, surely our feelings and desires to be able to be like that begin to exist in our own hearts. So that we will also start trying to be like those investors with the abilities that we already have now even though the level of limitations is still there from several sectors such as the financial sector and also the income sector which is not so much.

[DubemIfedigbo001]

A real investor will never wait for a fall to buy DIP. If you are waiting for a fall to buy DIP, then you are probably short-term investing. Because a real investor will never wait for a fall. He will buy continuously by relying on his net income or his money.

This is wrong, deploying waiting for the dip as your accumulation strategy isn't wrong if you're already close to your accumulation target and still have a good timeframe away from your holding period expiration, you can choose to consolidate your buying funds and target dips to buy a bigger quantity at lower prices and keep closing in on your accumulation target at a faster pace. Although myself would prefer consistent buying regardless and saving up for dip purchases separately, but the investor in my description that chooses to employ only buying the dip at his status is still a very much real investor.

Where waiting for the dip becomes a bad practice is when it's practiced by a low-coiner or a no-coiner. People who don't have BTC and people who are still very far from their accumulation target should continue buying consistently, and with as much aggressiveness as possible in order to accumulate a decent stash of BTC.

[I_Anime]

Another thing you should know is that buying on dips is not compulsory at all dips. If you don't have extra discretionary income to buy the dip don't buy. People do mistake of using money meant for emergencies to buy the dip and

Bitcoin investment should be like "out of sight, out of mind", means you should keep them in a way that you don't touch (use) them very often. That's possible only if you have cash available to meet your daily expense and emergency needs. How you balance cash that goes to bitcoin and in your daily expense differs from person to person. That's only as an individual we can decide that how much is good for Bitcoin.

when an emergency appears in the future they go back to touch their investment what is now the essence of buying the dip then it will even be worst if when they tamper their investment the market is in a downtrend this means they will lose some value of their money in the process.

Even if Bitcoin price went down for some reason it will eventually recover in the long run, make sure you have a strategy that takes full advantage of Bitcoin long run price gain. If someone keep touching his Bitcoin after short intervals, he might not be able to get full benefit of bitcoin investment.  

At first before going into bitcoin investment you have to be prepared for any thing and same time try to make best of it too, by having a nice bitcoin stash , accumulating as much as you can as the price is cheaper now . While bother yourself with price movement while you haven’t gotten anywhere with your accumulation, and you won’t be able to secure a better return if you don’t have enough bitcoin stash .

The issue most people are having is that they are taken bitcoin investment as trading , buying when the price low and selling when the price  thinking they can benefit more with such means which is wrong Aslong is bitcoin the best thing to do is focus on long term in that way you be able to have enough time to build something beautiful in it .

[Derekfunds]

Another thing you should know is that buying on dips is not compulsory at all dips. If you don't have extra discretionary income to buy the dip don't buy. People do mistake of using money meant for emergencies to buy the dip and

Bitcoin investment should be like "out of sight, out of mind", means you should keep them in a way that you don't touch (use) them very often. That's possible only if you have cash available to meet your daily expense and emergency needs. How you balance cash that goes to bitcoin and in your daily expense differs from person to person. That's only as an individual we can decide that how much is good for Bitcoin.

when an emergency appears in the future they go back to touch their investment what is now the essence of buying the dip then it will even be worst if when they tamper their investment the market is in a downtrend this means they will lose some value of their money in the process.

Even if Bitcoin price went down for some reason it will eventually recover in the long run, make sure you have a strategy that takes full advantage of Bitcoin long run price gain. If someone keep touching his Bitcoin after short intervals, he might not be able to get full benefit of bitcoin investment.  

At first before going into bitcoin investment you have to be prepared for any thing and same time try to make best of it too, by having a nice bitcoin stash , accumulating as much as you can as the price is cheaper now . While bother yourself with price movement while you haven’t gotten anywhere with your accumulation, and you won’t be able to secure a better return if you don’t have enough bitcoin stash .

The issue most people are having is that they are taken bitcoin investment as trading , buying when the price low and selling when the price  thinking they can benefit more with such means which is wrong Aslong is bitcoin the best thing to do is focus on long term in that way you be able to have enough time to build something beautiful in it .

There is this my friend that always says he is an investor only for me to find out that what he is doing is spot trading, what he does is wait for Bitcoin to Dip before he will buy and then he will wait anytime Bitcoin price surpass the price he bought at before he will sell and he was doing this not because he doesn't have money to be accumulating but rather he thinks that is the best way for him untill I told him that instead of the little profit he is taking every months or weeks why not just keep on accumulating little by little regardless of the size or fraction you are accumulating but if you are consistent you will grow your portfolio with time and he buys the idea and right now he is doing it and I think the problem with most persons is that they don't really understand how Bitcoin works and these kind of people, what they need is information because a good information is a great key.

[Nightwatchmare]

It seems hard for me to read from the beginning of this thread because of the plenty of pages in this thread, but i adopt a strategy of reading from the current pages of this thread, and i have been doing that for some days now. It has helped me understand how significant and reliable dollar cost averaging is when accumulating bitcoin. If i receive my monthly salary by the end of this month and if i solve my monthly expenses, I will use the remaining money to start accumulating bitcoin.

[Bd officer]

It has helped me understand how significant and reliable dollar cost averaging is when accumulating bitcoin. If i receive my monthly salary by the end of this month and if i solve my monthly expenses, I will use the remaining money to start accumulating bitcoin.

First of all I will tell you that investing in Bitcoin requires long-term planning. If you don't have a long term plan then investing will be risky for you. Now you said you will get salary at the end of this month. Now if after your monthly expenses, if there is any money left, then you can invest. Now invest what you can afford to lose, don't invest more than you can afford to lose. You should keep the fund for emergencies, so that you don't have to sell investments for emergencies. You have got the idea about DCA strategy, so you can invest on monthly basis in DCA method from your monthly salary.

[JayJuanGee]

Where it's really wrong waiting for the dip before buying is when you have no Bitcoin or less stash of Bitcoin in your possession, at that instant, you don't wait, you just buy it regardless of it current price in other to increase your stash as much as possible, then if their is a dip in the market, you might decide to buy aggressively only if you have the financial leverage to do so, but waiting as a low or no coiner is actually a terrible mistake in my own opinion.

I disagree with you here. You will be making a mistake if you wait to by the dip when you don't have any strategy you are using to accumulate. Buying on dips should be a secondary/temporal method of accumulating Bitcoin. The primary method should be one that you are using to accumulate Bitcoin on a steady till you reach your accumulation goal.

If you look at my full write up very well, I said that it's very important you buy and accumulate Bitcoin regardless of it price especially when you have less or no stash at all, but if you have gotten close to the peak of your accumulation journey, you might decide to wait for a dip before buying because you have the leverage to do so, and you know why? Because time is on your side unlike someone that is a low or no coiner.
But take note that it's not compulsory at all, it all depends on the person if he wants to leverage such a situation to his own benefits, because I know that not everyone that is closed to the end of their accumulation will act in such a manner.

I like your last line, the fact that I have gotten to the peak of my investment doesn't mean I will stop accumulating and then start waiting for Dip, to be honest it doesn't even make sense and it makes no difference because the time you are waiting for Dip, if use the that time to continue your investment it is possible that you can accumulate more fraction of Bitcoin than what you would buy during the Dip that is if the Dip will even happen or dip to the point you want to buy. However, real investor don't get tired of if investing because the more you invest and hold for a long time the more profit you are going to see so an investor who wait for Dip because they feel they have gotten enough Bitcoin is not a real investor.

I disagree. I think the method below is better than pure dca or buy the dip

say 100 a week dca no matter what.             in one year you will do this one.
and 1000 buy the dip if we drop to 73k         in one year who knows if you do this

and 4000 buy the dip if we drop to 59k         in one year who knows if we do this.

Part of the reason that you remain a low coiner, even after 12 years in bitcoin is because you have these inadequate kinds of ideas and strategies. You also do not prioritize the building up a bitcoin stash prior to selling your bitcoin, so you have a trading mentality.

This thread is emphasizing the accumulation of BTC, and sure the title of the thread refers to buying the dip, yet many of us have already come to conclude that DCA is likely a better approach towards investing rather than buying the dip, even though sure, there is nothing wrong with supplementing a buy the dip strategy, as long as there are realizations that there are trade offs, since the dips might not end up happening.

Can you at least recognize that the DCA portion is the most important way to accumulate bitcoin for long term investors if you are getting out of your trading mentality for a moment?

Think about your proposed plan too.  You want to suggest that guys (perhaps even newbies, since we have a lot of newbies in this thread) to hold back value 10x their DCA amount (which is 2.5 months of their DCA amount) and also 40x their DCA amount (which is 4/5th of a year of their DCA amount), which really presumes that guys have that much money that they are able to keep in cash.

You likely suffer from an error of having way too much set aside in cash, and you are wanting other guys including newbies to engage in such practices too, as if they were preferable practices, like you proclaimed.  That is surely not correct, even if you believe that it is a good idea for you, it truly would be a problematic approach for a lot of the way newer BTC investors in who participate in this thread.

Perhaps after a year investing into BTC if many of the newer investors have also been able to establish their emergency fund and other forms of back up funds, then maybe they can start to hold some of their cash for buying on the dip, yet it still seems to me that buying on the dip is inferior to regular DCA, at least for several years of accumulating BTC.. even though surely guys have to figure out these matters for themselves, and your suggestion to hold back around 50x of their DCA amount for various buying on dips seems quite ludicrous and out of touch with both what newbies might want to do, including that they are likely trying to get exposure to bitcoin rather than spending a bunch of time building up cash reserves.. which is probably even another problem that you have.

I have personally built up quite a bit of cash reserves, but I have been investing int bitcoin for 11 years, and I had been investing in various traditional investments for 20 years prior to getting into bitcoin.. but newbies are not going to have luxuries of having abilities to build up so much cash to hold back for buying dips... if they did that, they would not have any money left to actually invest into bitcoin.

Another thing is that many times the bitcoin versus the cash exposure would likely be quite heavily allocated to bitcoin rather than to cash, yet the various other investments could make some difference and the amount of time that a person is building up their bitcoin investment may also make a difference, yet the cash on hand, would largely end up being for emergency funds and perhaps other various forms of back up funds that might not even be allocated for buying bitcoin dips, so there would be some luxury to have various strong cashflow management already established, and to have emergency funds and other back up funds established, and then on top of all of that to have 50x the DCA amount (like amounting to a years worth of their DCA amount allocate towards buying various dips that might not happen).. The more I think about your proposal, the more retarded and inapplicable it seems to the situation to most newbies, and it probably is not even a good approach for yourself in terms of your continuing to stay a low coiner after more tha 12 years in bitcoin.

I am also not into unrealistic dips.. since we may well never dip to either $73k (your first proposed dip buying point) or to $59k (your more extensive proposed dip buying point), and we were already at those prices at various points in 2021 and 2024.. of course, 2022 and 2023 we were much below those price points, yet there is no reason to even presume that there is a need to go back there, even if it could end up happening, we should not be fucking up our bitcoin buys by holding back a bunch of value for potentially buying dips that might not happen, rather than buying regularly, consistently, persistently and ongoingly without preoccupying ourselves with price, especially if we are into our first whole bitcoin cycle or even if we are within our first cycle and a half (6-years-ish)...  

Surely, on my own personal level, I have already put into place buy orders on the way down which are every $3k and then every $2,500, then every $2k and then every $1,500 and then every $1k down to $27k, yet I have had my bitcoin holdings growing for more than 11 years...  Guys here are mostly not in such a situation and they are still in various stages of their accumulation stage, and they might not have had even been able to front load their bitcoin investment in any kind of way.  I doubt that newbie bitcoiners are really in a place to be holding back such quantities of money for buying dips, even though surely I would not mind guys having 5-10 buy orders that might each be around 2x or their normal DCA amount.. but still that might also be quite presumptive of down prices, and not sufficiently focused on ongoing buying of bitcoin persistently and perhaps even aggressively, which is likely what bitcoin an overwhelming majority of newbies need to be focusing their efforts on doing in their first cycle or cycle and a half or so.

[edited out]

...  we as a Bitcoiner didn't give us the guarantee that we are better than those that are not into it but we investment to make life different for ourselves not living the life of competition.

We could consider that we are competing against different versions of ourselves in order to make ourselves a better self with bitcoin than what we would have had been without bitcoin.

That is, I am clearing this matter here, suppose an investor invests 100 dollars every week and the market did not change much in those few weeks that he invested consistently but after a few days the market dumped a lot and at that time that investor bought more bitcoins with more money during the market low but he will have a good chance of more profit in the future.  

If he has a budget of $100 per week to buy bitcoin, then where is he going to get the extra money?  Are you trying to suggest that he actualy has more than $100 per week, but he has been holding back some money in order to buy the dip?  Do you believe that he is advantaged by the practice of holding back some of his value, or are you suggesting that there are not any trade offs for the guy who is holding back value to be buying on dips that may or may not end up happening.

I have only mentioned investing $100 per week to make the idea of investing clear. For example, this does not mean that every investor must invest $100 a week. Before talking about investing in bitcoins I have talked about the DCA investment strategy and I have made it clear that in this investment strategy an investor can invest any amount of money at any time. If my post is read by a new investor then he may like the point as stated in the beginning and he may not take seriously the amount I have used to illustrate the case since I am using the following points as an example. Bitcoin is a reliable investment platform to invest in. If it is possible for a person to invest $100 a week, I think he should invest $100.

You are not grappling with the point that I made.

you can use whatever amount that you like, yet your budget is not magically whatever you say that it is.

if you have $100 per week that you are choosing to invest into bitcoin, yet you also are supposedly saving some money in order to buy the dip, you have to have had  purposefully chosen to hold that extra  money on the side rather than buying bitcoin right away.  You cannot just make up facts and act as if there are not any trade offs.. as if the money to buy the dip suddenly appears.  The money to buy the dip has to come from somewhere, and if you had been buying bitcoin every week with all of your budget, you are not going to suddenly have more money if you already spent it.

Otherwise if you are choosing to prioritize buying the dip, then you are not going to be buying as much with your DCA, and so if the dip does not happen, then you have to be willing to accept that you had money that you failed/refused to buy when you could have had done so.

That is, I am clearing this matter here, suppose an investor invests 100 dollars every week and the market did not change much in those few weeks that he invested consistently but after a few days the market dumped a lot and at that time that investor bought more bitcoins with more money during the market low but he will have a good chance of more profit in the future.  

If he has a budget of $100 per week to buy bitcoin, then where is he going to get the extra money?  Are you trying to suggest that he actualy has more than $100 per week, but he has been holding back some money in order to buy the dip?  Do you believe that he is advantaged by the practice of holding back some of his value, or are you suggesting that there are not any trade offs for the guy who is holding back value to be buying on dips that may or may not end up happening.

There is no problem with the amount changing, basically the investment will depend on an investor's income.

Why don't you give me some actual numbers then, instead of acting like money all of a sudden comes out of thin air when there is a dip.

Give some numbers instead of just trying to act as if you have figured out the perfect solution without any trade-offs, when you have not.  There are always going to be trade offs, and you have the discretion to completely decide the trade offs.. .and to live with the consequences.

If every investor can invest $10 every week then his investment amount at the end of one month is $40 before.

There are 52 weeks in a year, and so generally there are 4.3 weeks per month.  In other words there are 4 weeks out of every year that have 5 weeks rather than 4 weeks, that is if we might be sticking to a particular day of the year, and yeah, so the weeks overlap the months since every month does not have 28 days.

And the 10 dollars he invests is not the full amount of his income. Rather, I mean the investor if he is extra serious about his investment then he can consistently invest a portion of his income and set aside some money from the rest of the income so that he can use that money to buy more bitcoins when the opportunity arises.  
Now I have mentioned $100 every week and seeing that the investor has to invest $100 this is not the case.

I was merely referring to your describing that you were going to all of a sudden have money to buy the dips.  If you are not completely spending your whole budget to buy bitcoin every week, then you would be saving some money for dips, yet the price may or may not end up dipping from whatever point that you are expecting it to dip.

[edited out]

In my opinion, starting an investment is like learning something new, so we can start with our ability and can increase the budget to be bigger if we are not burdened.

Starting an investment is very simple, we just buy and save, no need to know more if we are still beginners. The thing that we must strengthen in ourselves when starting an investment is of course our mental readiness because bitcoin does not guarantee an increase when we buy. So mental readiness is very necessary for novice investors in the long-term investment journey.

Of course, budget adjustments can be adjusted if our discretionary income increases and can be adjusted to buy bitcoin more aggressively.

If we have a fairly non-aggressive approach, then we can just set our weekly buy amounts and forget it.   We might even consider some of the passive approaches to investing into bitcoin or even the spaced out (once a month) ways of investing into bitcoin or guys waiting for dips that might not happen, we could likely consider those to be more whimpy variations of investing into bitcoin.  Yet the more aggressive that we are choosing to be in our bitcoin investment in terms of regularity and in terms of using decently high portions of our discretionary income for bitcoin investing, then we have to end up being more organized and to have stronger cashflow management practices, and including that perhaps sometimes our back up funds will rescue us if we end up making calculation mistakes or perhaps overdoing our investment on short-time bases.  If we have strong cashflow management systems and back up funds, we can also end up having resources to rescue ourselves from our own mistakes. when we are pushing our level of aggressiveness as much as we think that we are able to do without hopefully overdoing it... .

[Gallar]

At first before going into bitcoin investment you have to be prepared for any thing and same time try to make best of it too, by having a nice bitcoin stash , accumulating as much as you can as the price is cheaper now . While bother yourself with price movement while you haven’t gotten anywhere with your accumulation, and you won’t be able to secure a better return if you don’t have enough bitcoin stash .

The issue most people are having is that they are taken bitcoin investment as trading , buying when the price low and selling when the price  thinking they can benefit more with such means which is wrong Aslong is bitcoin the best thing to do is focus on long term in that way you be able to have enough time to build something beautiful in it .

In essence, many Bitcoin investors are impatient with the investment process. That is why many of them end up becoming Bitcoin traders and no longer long-term investors. That is where our thinking and intentions must be fixed first before starting to invest in bitcoin. Because if for example we are too hasty in investing in bitcoin and do not learn anything about bitcoin, I think people like that have great potential to be able to change course to become traders. So even though many people think that when investing in bitcoin there is no need to learn first, on the pretext that it can be learned while walking, I think that is not right. Because the risk is quite large and it has the potential to turn an investor into a trader.

Because of the benefits that can be obtained by investors who learn bitcoin first before investing. Of course, these investors already know that the current price of bitcoin is still cheap. So with that, I think these people will not hesitate to do DCA and buy bitcoin now at any price. Unlike investors who do not learn bitcoin first, not a few of them think that the current price of bitcoin is already expensive. This is all because they do not learn first and immediately invest in bitcoin. That is why knowledge is very important in investing in bitcoin. Because it will be useful to strengthen our mentality and belief in holding bitcoin.

[DubemIfedigbo001]

It seems hard for me to read from the beginning of this thread because of the plenty of pages in this thread, but i adopt a strategy of reading from the current pages of this thread, and i have been doing that for some days now. It has helped me understand how significant and reliable dollar cost averaging is when accumulating bitcoin. If i receive my monthly salary by the end of this month and if i solve my monthly expenses, I will use the remaining money to start accumulating bitcoin.

From experience I've observed that waiting explicitly for what is left over after taking care of all expenses before investing into Bitcoin is an evidence of improper planning. You would end up servicing even less important things and at the end nothing might really be leftover to invest into Bitcoin.

It's important you take into consideration your likely expenses for the month, calculate it by yourself with acceptable tolerance to entertain price spikes, dedicate specific funds to it and plan out what percentage of the remaining funds would go into your accumulation of Bitcoin, backup funds and still leave some floating cash to serve as miscellaneous in case your expenses planning experiences a shortage.

You might get it wrong for the first month, however from the second month you'll start getting better at planning out your expenses and using funds judiciously to attend to it without being as wasteful as you can be when you don't plan for it and then you can keep getting better at both your cashflow management and may even consider increasing your level of aggressiveness in your periodic purchases.

[Zackz5000]

It seems hard for me to read from the beginning of this thread because of the plenty of pages in this thread, but i adopt a strategy of reading from the current pages of this thread, and i have been doing that for some days now. It has helped me understand how significant and reliable dollar cost averaging is when accumulating bitcoin. If i receive my monthly salary by the end of this month and if i solve my monthly expenses, I will use the remaining money to start accumulating bitcoin.

From experience I've observed that waiting explicitly for what is left over after taking care of all expenses before investing into Bitcoin is an evidence of improper planning. You would end up servicing even less important things and at the end nothing might really be leftover to invest into Bitcoin.

It's important you take into consideration your likely expenses for the month, calculate it by yourself with acceptable tolerance to entertain price spikes, dedicate specific funds to it and plan out what percentage of the remaining funds would go into your accumulation of Bitcoin, backup funds and still leave some floating cash to serve as miscellaneous in case your expenses planning experiences a shortage.

You might get it wrong for the first month, however from the second month you'll start getting better at planning out your expenses and using funds judiciously to attend to it without being as wasteful as you can be when you don't plan for it and then you can keep getting better at both your cashflow management and may even consider increasing your level of aggressiveness in your periodic purchases.

I think it is still better to wait until you are able to figure out your discretionary income which is your leftover after you have settled all important needs before you can start accumulating Bitcoin from your discretionary income, for it is wrong when you use money which is not your leftover income to invest in Bitcoin , investing from your discretionary income will enable you HODL your Bitcoin for long and it will also make you not to sell out when it's not yet your target time to sell because you are not using money meant for family needs or up keep to invest into Bitcoin because when you do so you will definitely sell out your Bitcoin even at lost when more needs may arise so no matter what it is important we have our discretionary income before coming up into investing in bitcoin.

[Mr Reporter]

It seems hard for me to read from the beginning of this thread because of the plenty of pages in this thread, but i adopt a strategy of reading from the current pages of this thread, and i have been doing that for some days now. It has helped me understand how significant and reliable dollar cost averaging is when accumulating bitcoin. If i receive my monthly salary by the end of this month and if i solve my monthly expenses, I will use the remaining money to start accumulating bitcoin.

From experience I've observed that waiting explicitly for what is left over after taking care of all expenses before investing into Bitcoin is an evidence of improper planning. You would end up servicing even less important things and at the end nothing might really be leftover to invest into Bitcoin.

It's important you take into consideration your likely expenses for the month, calculate it by yourself with acceptable tolerance to entertain price spikes, dedicate specific funds to it and plan out what percentage of the remaining funds would go into your accumulation of Bitcoin, backup funds and still leave some floating cash to serve as miscellaneous in case your expenses planning experiences a shortage.

You might get it wrong for the first month, however from the second month you'll start getting better at planning out your expenses and using funds judiciously to attend to it without being as wasteful as you can be when you don't plan for it and then you can keep getting better at both your cashflow management and may even consider increasing your level of aggressiveness in your periodic purchases.

I think it is still better to wait until you are able to figure out your discretionary income which is your leftover after you have settled all important needs before you can start accumulating Bitcoin from your discretionary income, for it is wrong when you use money which is not your leftover income to invest in Bitcoin , investing from your discretionary income will enable you HODL your Bitcoin for long and it will also make you not to sell out when it's not yet your target time to sell because you are not using money meant for family needs or up keep to invest into Bitcoin because when you do so you will definitely sell out your Bitcoin even at lost when more needs may arise so no matter what it is important we have our discretionary income before coming up into investing in bitcoin.

Well if one invest in Bitcoin with an discretionary income it allows for an long term preventive reduction of selling permanently, some investors failed to understand this when investing you need to prioritize needs over wants to ensure an essential extra expensive and are covered before you invest in bitcoin, and they need to understand the discipline approach to invest in Bitcoin, minimizing financial stress and maximizing your potential returns.

[DubemIfedigbo001]

It seems hard for me to read from the beginning of this thread because of the plenty of pages in this thread, but i adopt a strategy of reading from the current pages of this thread, and i have been doing that for some days now. It has helped me understand how significant and reliable dollar cost averaging is when accumulating bitcoin. If i receive my monthly salary by the end of this month and if i solve my monthly expenses, I will use the remaining money to start accumulating bitcoin.

From experience I've observed that waiting explicitly for what is left over after taking care of all expenses before investing into Bitcoin is an evidence of improper planning. You would end up servicing even less important things and at the end nothing might really be leftover to invest into Bitcoin.

It's important you take into consideration your likely expenses for the month, calculate it by yourself with acceptable tolerance to entertain price spikes, dedicate specific funds to it and plan out what percentage of the remaining funds would go into your accumulation of Bitcoin, backup funds and still leave some floating cash to serve as miscellaneous in case your expenses planning experiences a shortage.

You might get it wrong for the first month, however from the second month you'll start getting better at planning out your expenses and using funds judiciously to attend to it without being as wasteful as you can be when you don't plan for it and then you can keep getting better at both your cashflow management and may even consider increasing your level of aggressiveness in your periodic purchases.

I think it is still better to wait until you are able to figure out your discretionary income which is your leftover after you have settled all important needs before you can start accumulating Bitcoin from your discretionary income, for it is wrong when you use money which is not your leftover income to invest in Bitcoin , investing from your discretionary income will enable you HODL your Bitcoin for long and it will also make you not to sell out when it's not yet your target time to sell because you are not using money meant for family needs or up keep to invest into Bitcoin because when you do so you will definitely sell out your Bitcoin even at lost when more needs may arise so no matter what it is important we have our discretionary income before coming up into investing in bitcoin.

Listen mate, it isn't at the point you got into Bitcoin that you started having discretionary income right? And you've been settling your expenses too. In order to manage your cashflow properly, you need to have a budget for all necessary expenses monthly. Then you would be able to know what would be your discretionary income and from there you fix the amount you'd invest into Bitcoin periodically, the fraction that would go into variances of backup funds and still keep a percentage as floating cash.

Do you believe that failure to plan is a plan to fail? If so you'll agree with me that you need to plan for every constant expenses you attend to monthly like feeding, family expenses, transportation, recreation and even rent e.t.c. then have a projection of what's left to serve as discretionary income and from it you can sustain your investment, backup funds and floating cash. I would mention that sometimes when my expenses budget is taken up, I have to push some less important things to be contained in the next month budget.

In the event of building an emergency fund that can take care of at least three months of your expenses, how do you know your projection for even a month expenses if you don't have a budget already?

[Barikui1]

From experience I've observed that waiting explicitly for what is left over after taking care of all expenses before investing into Bitcoin is an evidence of improper planning. You would end up servicing even less important things and at the end nothing might really be leftover to invest into Bitcoin.

It's important you take into consideration your likely expenses for the month, calculate it by yourself with acceptable tolerance to entertain price spikes, dedicate specific funds to it and plan out what percentage of the remaining funds would go into your accumulation of Bitcoin, backup funds and still leave some floating cash to serve as miscellaneous in case your expenses planning experiences a shortage.

You might get it wrong for the first month, however from the second month you'll start getting better at planning out your expenses and using funds judiciously to attend to it without being as wasteful as you can be when you don't plan for it and then you can keep getting better at both your cashflow management and may even consider increasing your level of aggressiveness in your periodic purchases.

I think it is still better to wait until you are able to figure out your discretionary income which is your leftover after you have settled all important needs before you can start accumulating Bitcoin from your discretionary income, for it is wrong when you use money which is not your leftover income to invest in Bitcoin , investing from your discretionary income will enable you HODL your Bitcoin for long and it will also make you not to sell out when it's not yet your target time to sell because you are not using money meant for family needs or up keep to invest into Bitcoin because when you do so you will definitely sell out your Bitcoin even at lost when more needs may arise so no matter what it is important we have our discretionary income before coming up into investing in bitcoin.

Well if one invest in Bitcoin with an discretionary income it allows for an long term preventive reduction of selling permanently, some investors failed to understand this when investing you need to prioritize needs over wants to ensure an essential extra expensive and are covered before you invest in bitcoin, and they need to understand the discipline approach to invest in Bitcoin, minimizing financial stress and maximizing your potential returns.

Don't make it look confusing on what you are trying to express, what you are trying to say is that as a Bitcoin investor, in other to be successful, you need to be financially smart and also have a good money management skills so that as your paycheck comes for those that are working, you make all your planning according to your budget, which is money for you basic needs and upkeep, the amount of money allocated weekly or monthly for buying of Bitcoin, and you also allocate some money for building up your emergency funds and your back up fund's if possible.

So what am trying to say which i believe is the actual fact is that if their is proper money management from a Bitcoin investor that knows all that it entails to buy Bitcoin and what are the measures that needs to be in place to be able to hold, their is absolutely nothing stopping that person from being successful in his holdings, if he can be able hold for a very long period of time.

[Nightwatchmare]

It has helped me understand how significant and reliable dollar cost averaging is when accumulating bitcoin. If i receive my monthly salary by the end of this month and if i solve my monthly expenses, I will use the remaining money to start accumulating bitcoin.

First of all I will tell you that investing in Bitcoin requires long-term planning. If you don't have a long term plan then investing will be risky for you. Now you said you will get salary at the end of this month. Now if after your monthly expenses, if there is any money left, then you can invest. Now invest what you can afford to lose, don't invest more than you can afford to lose. You should keep the fund for emergencies, so that you don't have to sell investments for emergencies. You have got the idea about DCA strategy, so you can invest on monthly basis in DCA method from your monthly salary.

Thank you for looking out for me and providing me with useful information that will help me have a successful bitcoin investment. I have read so many posts here, and it has guided me to know that bitcoin investment is safer when you have a long-term goal at the start of your investment, and that is why i would use the remaining money after i have solved my monthly expenses to invest in bitcoin. Emergency funds is important in bitcoin investment, but i will not build my emergency funds quickly since i have no bitcoin in my possession. Maybe when i have bitcoin in my possession, i will start building my emergency funds.

[Ruttoshi]

It seems hard for me to read from the beginning of this thread because of the plenty of pages in this thread, but i adopt a strategy of reading from the current pages of this thread, and i have been doing that for some days now. It has helped me understand how significant and reliable dollar cost averaging is when accumulating bitcoin. If i receive my monthly salary by the end of this month and if i solve my monthly expenses, I will use the remaining money to start accumulating bitcoin.

From experience I've observed that waiting explicitly for what is left over after taking care of all expenses before investing into Bitcoin is an evidence of improper planning. You would end up servicing even less important things and at the end nothing might really be leftover to invest into Bitcoin.

Maybe, that's what you feel. Because I believe no one will buy bitcoin when he doesn't have his discretionary income available. So either you plan on how much from your discretionary income you will be using to buy bitcoin before you get paid, or  after sorting out your monthly needs and use the leftover to invest in bitcoin is the same thing. If you are a serious investor stay focus on the most important thing is for you to keep your bitcoin accumulation ongoing, regularly, persistently and consistently. You can buy aggressively when you can.

It's important you take into consideration your likely expenses for the month, calculate it by yourself with acceptable tolerance to entertain price spikes, dedicate specific funds to it and plan out what percentage of the remaining funds would go into your accumulation of Bitcoin, backup funds and still leave some floating cash to serve as miscellaneous in case your expenses planning experiences a shortage.

You should also know that your monthly expenses varies from month to month. Some months, your monthly expenses will be higher and sometimes lower, which is why it's cool to sort out your monthly expenses and needs in order for you to know how much of your discretionary income is left to put into bitcoin. If you miscalculate it, and rush fast after getting paid and use what you feel is right to buy bitcoin from your initial calculations, it becomes a problem if your expenses and monthly needs gets higher than the amount that you have budgeted.

It's people with strong financial strength that can always say that I will use this amount to invest in bitcoin without caring if their monthly expenses will be higher or lower the initial budget, because if it is higher they have were they can tap funds from to complete it.

[Derekfunds]

It has helped me understand how significant and reliable dollar cost averaging is when accumulating bitcoin. If i receive my monthly salary by the end of this month and if i solve my monthly expenses, I will use the remaining money to start accumulating bitcoin.

First of all I will tell you that investing in Bitcoin requires long-term planning. If you don't have a long term plan then investing will be risky for you. Now you said you will get salary at the end of this month. Now if after your monthly expenses, if there is any money left, then you can invest. Now invest what you can afford to lose, don't invest more than you can afford to lose. You should keep the fund for emergencies, so that you don't have to sell investments for emergencies. You have got the idea about DCA strategy, so you can invest on monthly basis in DCA method from your monthly salary.

Thank you for looking out for me and providing me with useful information that will help me have a successful bitcoin investment. I have read so many posts here, and it has guided me to know that bitcoin investment is safer when you have a long-term goal at the start of your investment, and that is why i would use the remaining money after i have solved my monthly expenses to invest in bitcoin. Emergency funds is important in bitcoin investment, but i will not build my emergency funds quickly since i have no bitcoin in my possession. Maybe when i have bitcoin in my possession, i will start building my emergency funds.

Long term investment is the best approach when it comes to Bitcoin but it will only, but having a long term goal won't make your investment completely safe rather what will make it completely safe is if you have a good source of income and also know and keep out the amount you will be using for accumulation to enable you have smooth and good running investment. Using your left over ( remaining money) to invest in Bitcoin is not safe or advisable because there are unforseen circumstances that may possibly come up so if use your remaining money it will choke and you will have no option than to touch your investment.