Buy the DIP, and HODL!

[Derekfunds]

Almost anyone should be able to figure out whether they have an extra $10 or not.  If they cannot figure it out, then they have to figure it out...so once they figure out that they have an extra $10 they can get started, and they can sort out the other aspects of their potentially messy finances and/or psychology as they go.  Position size can do a lot in terms of both starting out and also not overdoing it so that there are abilities to figure out an appropriate level of aggressiveness.  I would thing that most people are going to start out investing into bitcoin in a non-aggressive way and work their way up towards being more aggressive, unless they happen to already have a pretty good grasp on their finances and they can understand and appreciate the strength of bitcoin's investment thesis from the start.

$10 constant investment will amount to little in the long run and almost a messy way to start up a bitcoin investment, I think also that for anyone to arrive at a successful investment position one needs to be aggressive a bit, at least that will help us to be able to take some aggressive financial decisions that can help us to arrive at a good investment position faster.

Investing a low amount like $10 as mentioned by members sounds like a joke considering Bitco.

Some beginners do not have any idea on Bitcoin investment or any strategy they can use to accumulate Bitcoin in to their portfolio during the month but they still choose to get started cause they believe that the earlier they start investing on Bitcoin the earlier they also get knowledge about Bitcoin and the kind of strategy they could use to keep on accumulating more Bitcoin. However at first they may think to invest little amount but as time goes and they begin to understand the process of Bitcoin investment, they might decide to increase the amount they are investing on Bitcoin (many from $10 to $50 weekly). Weekly Bitcoin investment is kind of better than monthly investment but it depends if the investor is getting money every week.

This is why in most cases is always advised that you understand and study about the Dynamics on how the market works before you start your BTC investment journey, because hence you understand how to strategize your accumulation, any decision that will be taken will be an informed decision. A beginner is supposed to study the market carefully before knowing the strategy he/she is to use that will best suit him/her because you don't test the depth of a river with your two feet.

What's the point studying the market when you are a Bitcoin investor that has the intention of holding for a very long time?
Don't you know that studying the market are what traders do? Which we all know that can be very draining sometimes.
All you just need to do as a beginner is to have the basic knowledge of Bitcoin, how to buy through the DCA accumulating strategy and what meds to be in place to be able to hold successfully, like having a source of income and an emergency funds needed to protect your holdings against any serious emergency needs that may arise in the future,  so a newbie investors has no business studying the market before buying, because Bitcoin is still very cheap as of today, comparing to how much it might skyrocket to in the future.

Of course a beginner needs to understand how BTC invested works, so he needs to have knowledge, this basic knowledge your referring to needs studying, you don't just jump on something without knowing how it works, I was basically talking about strategies a beginner can use, understanding that there are different strategies when it comes to BTC investment, and he/she should choose the one that best suits him/her after carefully studying and selecting the best strategy that will be in conformity with his income, and also having the mind that there is need for sustainability upon using that strategy. Maybe i should stop using the Word "market" so you can get me clearly.

I think you misunderstood what the op is saying, the op didn't say studying or get the necessary knowledge about Bitcoin is wrong or bad rather what he was advising was that a beginner is not suppose to be studying and analyzing the market because the people that does that are traders not investors and that is true though investor do check the market but not to analyze and study it because it is a waist of time and energy since we are not thinking of short term or how to make profit in a twinkling of an eye. However, a beginner should get the basic knowledge and start first and along the line they will be increasing in all aspect of Bitcoin investment and the truth is knowing you can't know everything at a start rather the more you stay and remain focus the more you will be understanding somethings and learning too.

[Rockstarguy]

^Buying Bitcoin with lump sum is the best strategy but the problem is not everyone can afford to dump at once which is why DCAing is very effective for accumulating Bitcoin even for the retailers. And also I wouldn't say selling at high is wrong because that's the basic of making profits by selling an asset while we can't really draw the line which is high and which is low due to the highly volatile nature so all we can do is just go with the instinct and try to make best out of it.

I don't understand what you're saying.
But indeed not all Investors have a lot of money at once but that doesn't mean investors can't invest in Bitcoin because they can buy bitcoin gradually.

Of course not everyone has an Income of over $5k every month, Even many of us have an income below $1k every month. But if you have a good investment plan, Of course it's only a matter of time for them to achieve ownership of 1 bitcoin. What should be underlined is that the desire to invest must be within us.

Yeah, you don't need enough money to start investing bitcoin, with the little money you have just have good financial plan of how to manage your money and you can be able to invest bitcoin with just the amount you can afford. The most important thing when it comes to bitcoin investment is to have the interest to invest, having interest to invest makes investing possible no matter the amount one may be earning as income. Another thing we need to look into in bitcoin investment is not about how much you earn but how consistent you can accumulate bitcoin,  being so consistent with the little amount that you can always afford will go a long way o yield good profit in the future.

[Powerjumboo]

^Buying Bitcoin with lump sum is the best strategy but the problem is not everyone can afford to dump at once which is why DCAing is very effective for accumulating Bitcoin even for the retailers. And also I wouldn't say selling at high is wrong because that's the basic of making profits by selling an asset while we can't really draw the line which is high and which is low due to the highly volatile nature so all we can do is just go with the instinct and try to make best out of it.

I don't understand what you're saying.
But indeed not all Investors have a lot of money at once but that doesn't mean investors can't invest in Bitcoin because they can buy bitcoin gradually.

Of course not everyone has an Income of over $5k every month, Even many of us have an income below $1k every month. But if you have a good investment plan, Of course it's only a matter of time for them to achieve ownership of 1 bitcoin. What should be underlined is that the desire to invest must be within us.

Yeah, you don't need enough money to start investing bitcoin, with the little money you have just have good financial plan of how to manage your money and you can be able to invest bitcoin with just the amount you can afford. The most important thing when it comes to bitcoin investment is to have the interest to invest, having interest to invest makes investing possible no matter the amount one may be earning as income. Another thing we need to look into in bitcoin investment is not about how much you earn but how consistent you can accumulate bitcoin,  being so consistent with the little amount that you can always afford will go a long way o yield good profit in the future.

I believe you because I have seen it and I am the proof of it myself because I am not very rich I started putting some money in Bitcoin from a very small salary. I once asked how to invest in Bitcoin and because I did not have much money I refrained from investing in Bitcoin I always thought that I would never be able to invest in Bitcoin but from here I got encouragement from people and after learning from everyone I am now constantly investing in Bitcoin with a very small amount of money. I now have about $50 in my investment portfolio I am not nervous at all because I will invest my Bitcoin in this way and keep it for a long time.

I am not getting nervous anymore because I see many countries accepting Bitcoin as legal tender and accepting Bitcoin as a strategic reserve so after seeing all these news and reports, why should I not think about investing in Bitcoin? Moreover, I am seeing Michael Saylor's Bitcoin investment. He is continuously investing in Bitcoin and planning to hold it for the long term and predicting a beautiful position for the price of Bitcoin. So I don't have to worry so much about Bitcoin. So Bitcoin investment is a very good investment and if you hold it for the long term, you will definitely get a lot of success.

[Tungbulu]

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It seems that a lot of people have variation in their income too, and there may be periods in which they come across extra money that they can invest into bitcoin, or maybe they have periods in which their cashflow is tight and they are not able to put very much value into bitcoin.  Being consistent may well be putting a priority on investing into bitcoin, yet the weekly amount does not necessarily need to be the same.

One of the reasons that we might describe a certain average cost per BTC historically (to back test) or to project into the future is in order to attempt to ball-parkedly describe some kind of a scenario in easy to digest terms, since of course if we describe how much a person actually ends up putting into bitcoin we might have a lot of variance from week to week, and maybe some weeks only have $10 invested into bitcoin and other weeks have $600 or more.. ..but there still might a bit of a preference to invest large portions of the discretionary income into bitcoin during the earliest of BTC accumulation phases, yet as the BTC accumulation might stack up, a person might decide to become a bit less aggressive.  There surely is discretion in regards to how to treat their BTC accumulation, and guys might even end up making mistakes in terms of their choosing their own level of aggressiveness.

That’s a very notable point you just raised there. People’s incomes can indeed change and be like all over the place, making it always impossible or pretty difficult to predict just how much exactly that one will be able to invest in Bitcoin from a week to the next one. Just as you’ve rightly said, one may have a bunch of cash in their discretionary reserves to throw into Bitcoin for that week, and some weeks you barely have enough in your discretionary reserves and can only afford to throw in just a little amount of cash. 
And I totally agree that in all this, it takes only consistence to be able to navigate through these situations, even when it involves being more aggressive some weeks and being less aggressive in others. It’s a lot more about prioritizing your Bitcoin accumulation and also being intentional about how exactly you’re allocating your finances.

I think the idea you also brought up of average cost per BTC is also pretty much commendable, because it’s a pretty great way of simplifying things and making them a lot more easier for you to track and take note of. Anyone who is actively involved in the market would understand that it’s not always possible or easy to outcome of the market, especially within the short term, but when we  look at averages, we may be able to get a hang or a sense of what to expect.
Another essential thing to also consider is the fact that people’s priorities and financial goals may also change overtime. Some people start off their accumulation in a pretty aggressive manner because their priority was to build up their Bitcoin stash and portfolio as quickly as possible and as they get closer and closer to their goal, they may feel like they wanna relax a bit and start to feel a lil more comfortable and then eventually change their mindset and decide to scale back their investment, which definitely reduce their aggressiveness.

And of course, we can’t completely ignore the element of discretion which is totally unavoidable when we are choosing to decide how to manage our bitcoin investments. It’s really not easy to know for sure whether the next move we plan to make is actually the best or even the right, leaving room for mistakes and errors. But I believe that’s an inevitable aspect of the learning process and also about being pretty much international and putting in one’s best in what they’re doing with the resources that’s available.

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It seems that as we are learning about bitcoin, and as we might even be building our bitcoin accumulation systems, there may be a variety of ways that we are measuring our progress, and surely the more that we get into setting up systems to attempt to increase the aggressiveness of our BTC accumulation systems, we likely need to pay more attention, and their may well be some fun in terms of plotting out various scenarios in regards to where we expect to be, and then perhaps later to show the extent to which our projections ended up being correct.. whether we are looking 3-6 months down the road, 1 year, 3 years or some other longer timeline.  Some new variables in our calculation of our goals might come into play, and sometimes some of our variables might disappear to cause changes in our assumptions about the realistic nature in regards to having certain kinds of sub-goals.

Yeah, as we proceed and grow in our Bitcoin journey, it’s absolutely normal to develop various techniques and ways to measure our progress as well as it’s normal to develop one’s personal strategy.  And the more we advance, develop and become more sophisticated in our Bitcoin, there’ll certainly be need to pay attention to the details. 
I also love how you mentioned plotting out scenarios and projections. Being able to track one’s progress can be quite fun for sure because it also makes you have a visual of how close you are to your goals and projections. Whether it’s the short term goals, which is around 3-4 months or even 1 year, or you’re focused on the long term, which we can say to be around 4, 5 to 10 years or/above, you’ll be able to stay more focused and motivated when you’ve got a clear plan already in place.

[JayJuanGee]

As beginners, I don’t think they need to look for other strategies besides doing DCA (dollar-cost averaging) unless they have a large amount of money they want to invest. However, even if they have a significant amount of money, I would advise them to start with a small amount and apply the DCA method.

I disagree with this sentence. Why would a novice investor exclude investment strategies from his list of research along with investment continuity? Are you trying to limit him to DCA strategy? Or are you trying to limit his knowledge? A novice should start investing with DCA and this strategy is the best strategy for him. But how would he compare how reasonable it was to advise him about DCA strategy? Or how would he choose the best strategy for him? Are you advising a novice investor to stick to someone else's advice?

You seem to be exaggerating Shadiq and wanting to make an argument out of a valid point.  There is nothing wrong with beginners starting out with DCA while they are getting their feet wet.  Surely, if the beginner does not have any lump sum amount available, like SOKO-DEKE seemed to have had suggested, then there may well be no reason to consider any other method than DCA, at least to get started.  Of course, the longer that a person is investing into bitcoin, then perhaps the more chances that they are going to have to consider their other buying options, such as lump sum and/or buying on dip.  Hopefully, you are not suggesting that selling is a good BTC accumulation strategy or getting involved in shitcoins, yet surely if a newbie might be asking about trading and/or shitcoins, then there might be some needs to attempt to redirect them, including, potentially to get them to either completely not trade or to completely not get into shitcoins, and surely some folks might want to get into shitcoins, trading/gambling, and maybe the next possibility would be to try to get them to limit their fucking around with trading/gambling and/or shitcoins to less than 10% of the size of their bitcoin holdings.

Whether an investor has money or not, I would not discourage anyone from researching investment strategies, rather I would encourage them to learn them. Because if you are not aware of the strategies, how can you be a skilled investor?

The various strategies to invest into bitcoin by buying are not that complicated, especially since there are largely three kinds, yet it seems that one of the best things for any beginner to do is to start by buying some bitcoin, and probably by starting to DCA into bitcoin on a weekly-ish basis while they are learning.. and whether they need to learn other buying strategies might not be as high of a priority as their figuring out how they might plan to go about their cashflow management practices.

Or how can you make someone else differentiate between DCA and other investment strategies? I don't see anything wrong with exploring investment strategies to gain knowledge, but it's better for a beginner to not invest in a different strategy if they aren't already skilled at investing.

Since you seem to feel so strongly about these matters Shadiq, then maybe you should describe what you are wanting to teach in terms of the beginning matters?  And how much time are you planning to be able to spend with any particular newbie?  Is the newbie inclined to listen to you? Does the newbie have other ideas? Does the newbie even want to invest into bitcoin?  What is their reason for investing? Perhaps they have to consider their 9 individual factors if you were wanting to get into details with them?

Try to start buying bitcoin in installments now, if the price goes down, you make it an opportunity to buy bitcoin again, you will get a cheap price, right? Or when you want to sell it, you can sell it little by little first/sell it gradually. Then when the correction occurs you buy again. This is a good strategy, especially if the goal is long-term, it will be more profitable.

I am not understanding how you consider selling and/or trading of bitcoin to be a good strategy for long term investors into bitcoin or how you would consider that trading (or selling) would potentially make your bitcoin holdings more profitable as compared with strategies that do not include selling.

You seem to be presuming that newbies (or perhaps more experienced investors) are going to have some abilities to figure out good times to sell their bitcoin in such a way that they are going to be able to buy back cheaper (and without suffering from risks of selling too much too soon or without running the risk of putting themselves into a waiting (rather than a ongoing buying mentality) and then ending up with fewer bitcoin than what they could have had if they had not fucked around with selling).

Just consider yourself, your budget and what you have been doing for the last 8.5 years that you have been registered on the forum.  If you had been buying $100 per week of bitcoin since the time of your forum registration date, you would have had invested around $44k, and you would have had accumulated about 6.54 BTC.  Hopefully whatever you have been doing with your selling of bitcoin and/or trading of bitcoin at various points along the way has gotten you results at least as good as a straight-forward DCA strategy.

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I believe you because I have seen it and I am the proof of it myself because I am not very rich I started putting some money in Bitcoin from a very small salary. I once asked how to invest in Bitcoin and because I did not have much money I refrained from investing in Bitcoin I always thought that I would never be able to invest in Bitcoin but from here I got encouragement from people and after learning from everyone I am now constantly investing in Bitcoin with a very small amount of money. I now have about $50 in my investment portfolio I am not nervous at all because I will invest my Bitcoin in this way and keep it for a long time.

I am not getting nervous anymore because I see many countries accepting Bitcoin as legal tender and accepting Bitcoin as a strategic reserve so after seeing all these news and reports, why should I not think about investing in Bitcoin? Moreover, I am seeing Michael Saylor's Bitcoin investment. He is continuously investing in Bitcoin and planning to hold it for the long term and predicting a beautiful position for the price of Bitcoin. So I don't have to worry so much about Bitcoin. So Bitcoin investment is a very good investment and if you hold it for the long term, you will definitely get a lot of success.

First off.  Your supposed investment into bitcoin of $50 is so small as to hardly mean anything, especially if you are proclaiming that it took you some time to build your bitcoin investment up to that amount.

Second, it is difficult to take such a small investment amount seriously, and if your story is true, then perhaps you have to figure out some kind of way so that you can increase your income and/or decrease your expenses in order that maybe you can try to get up to something like $10 per week invested into bitcoin, and even $10 per week is a small amount.

Sure, I am not trying to poo-poo that some guys do not have very much discretionary income, yet it seems almost to be a waste of time to be talking about such small amounts of investment as if they were very significant, even though truly folks who have really tight finances might consider such small amounts to be significant, even though many of us might also consider that there is some need to try to increase the investment amount to the extent possible.

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It seems that a lot of people have variation in their income too, and there may be periods in which they come across extra money that they can invest into bitcoin, or maybe they have periods in which their cashflow is tight and they are not able to put very much value into bitcoin.  Being consistent may well be putting a priority on investing into bitcoin, yet the weekly amount does not necessarily need to be the same.

One of the reasons that we might describe a certain average cost per BTC historically (to back test) or to project into the future is in order to attempt to ball-parkedly describe some kind of a scenario in easy to digest terms, since of course if we describe how much a person actually ends up putting into bitcoin we might have a lot of variance from week to week, and maybe some weeks only have $10 invested into bitcoin and other weeks have $600 or more.. ..but there still might a bit of a preference to invest large portions of the discretionary income into bitcoin during the earliest of BTC accumulation phases, yet as the BTC accumulation might stack up, a person might decide to become a bit less aggressive.  There surely is discretion in regards to how to treat their BTC accumulation, and guys might even end up making mistakes in terms of their choosing their own level of aggressiveness.

That’s a very notable point you just raised there. People’s incomes can indeed change and be like all over the place, making it always impossible or pretty difficult to predict just how much exactly that one will be able to invest in Bitcoin from a week to the next one. Just as you’ve rightly said, one may have a bunch of cash in their discretionary reserves to throw into Bitcoin for that week, and some weeks you barely have enough in your discretionary reserves and can only afford to throw in just a little amount of cash. 
And I totally agree that in all this, it takes only consistence to be able to navigate through these situations, even when it involves being more aggressive some weeks and being less aggressive in others. It’s a lot more about prioritizing your Bitcoin accumulation and also being intentional about how exactly you’re allocating your finances.

I think the idea you also brought up of average cost per BTC is also pretty much commendable, because it’s a pretty great way of simplifying things and making them a lot more easier for you to track and take note of. Anyone who is actively involved in the market would understand that it’s not always possible or easy to outcome of the market, especially within the short term, but when we  look at averages, we may be able to get a hang or a sense of what to expect.
Another essential thing to also consider is the fact that people’s priorities and financial goals may also change overtime. Some people start off their accumulation in a pretty aggressive manner because their priority was to build up their Bitcoin stash and portfolio as quickly as possible and as they get closer and closer to their goal, they may feel like they wanna relax a bit and start to feel a lil more comfortable and then eventually change their mindset and decide to scale back their investment, which definitely reduce their aggressiveness.

Another thing that likely happens after we have been investing into bitcoin for several years, perhaps even after building up our bitcoin holdings up to several years worth of our expenses (perhaps through appreciation rather than merely through contributions), after a while there can develop senses of futility to keep adding value to the bitcoin holdings, since they likely change in value way more based on fluctuations in the bTC price rather than based on new contributions.  So, there can develop senses of futility to continue to add value to the bitcoin holdings.  And, sure, some guys might prematurely reach such feelings, and they likely would be better off to continue to contribute towards building their bitcoin holdings, yet they get the sense that they have reached enough bitcoin or more than enough bitcoin based on their own earnings and their abilities to contribute more towards their bitcoin holdings rather than having had reached a stage that they are likely to start to begin to sustainably withdraw from their holdings.

Accordingly, there could be several years of merely just holding bitcoin rather than continuing to contribute between the time that the guy initially bought his bitcoin and when he starts to feel that the value of his holdings is large enough that he can start to sustainably withdraw from his holdings, whether price-based withdrawals and/or time-based withdrawals.

And of course, we can’t completely ignore the element of discretion which is totally unavoidable when we are choosing to decide how to manage our bitcoin investments. It’s really not easy to know for sure whether the next move we plan to make is actually the best or even the right, leaving room for mistakes and errors. But I believe that’s an inevitable aspect of the learning process and also about being pretty much international and putting in one’s best in what they’re doing with the resources that’s available.

Sure, a person may go through changes in his income/expenses, and he may have (or may not have) had built up other investments that he might consider their role in terms of keeping them or perhaps making some reallocations, and his ideas about how much money he needs might change too, yet if he had been prioritizing his investment in bitcoin, he likely has suffered less negative consequences from the various debasements of the dollar (and the rise of the various costs of living goods/services) as compared to folks who had kept large portions of their value in non-bitcoin investments.

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It seems that as we are learning about bitcoin, and as we might even be building our bitcoin accumulation systems, there may be a variety of ways that we are measuring our progress, and surely the more that we get into setting up systems to attempt to increase the aggressiveness of our BTC accumulation systems, we likely need to pay more attention, and their may well be some fun in terms of plotting out various scenarios in regards to where we expect to be, and then perhaps later to show the extent to which our projections ended up being correct.. whether we are looking 3-6 months down the road, 1 year, 3 years or some other longer timeline.  Some new variables in our calculation of our goals might come into play, and sometimes some of our variables might disappear to cause changes in our assumptions about the realistic nature in regards to having certain kinds of sub-goals.

Yeah, as we proceed and grow in our Bitcoin journey, it’s absolutely normal to develop various techniques and ways to measure our progress as well as it’s normal to develop one’s personal strategy.  And the more we advance, develop and become more sophisticated in our Bitcoin, there’ll certainly be need to pay attention to the details. 
I also love how you mentioned plotting out scenarios and projections. Being able to track one’s progress can be quite fun for sure because it also makes you have a visual of how close you are to your goals and projections. Whether it’s the short term goals, which is around 3-4 months or even 1 year, or you’re focused on the long term, which we can say to be around 4, 5 to 10 years or/above, you’ll be able to stay more focused and motivated when you’ve got a clear plan already in place.

I have been making projections into the future for more than 25 years, and surely my projections have gotten better, and I have also gotten better at playing around and manipulating Excel, too.  Sometimes it can be interesting to go back and look at some of my older projections and to see how my older projections had played out in comparison to the reality of what actually ended up happening. 

I thought that I was doing pretty good prior to bitcoin, yet after I started incorporating bitcoin into my projections, it is quite amazing that more bullish scenarios ended up playing out way more closely as compared to what I had considered to be more likely scenarios.  I think that one of the matters that saved me from cashing out too many bitcoin too soon is because I had already created modest plans to sell BTC on the way up, so that even when the bitcoin went shooting up I did not end up panicking.  I am not sure if or how badly I might have screwed things up if some variation of my plan had not been outlined in advance.  I did not completely stick with the plan, and surely I also had some regrets during the 2018 correction, yet my reaction was to tweak rather than to completely revise. Surely there can be guys that proclaim that their plan worked better, yet many times I have been quite happy with how my plan has played out. .and surely historically bitcoin has also been able to help several of us to recover from a lot of  our mistakes as long as we had been largely erroring on the side of accumulating and/or HODLing..

[ZeroVinsonN]

Of course a beginner needs to understand how BTC invested works, so he needs to have knowledge, this basic knowledge your referring to needs studying, you don't just jump on something without knowing how it works, I was basically talking about strategies a beginner can use, understanding that there are different strategies when it comes to BTC investment, and he/she should choose the one that best suits him/her after carefully studying and selecting the best strategy that will be in conformity with his income, and also having the mind that there is need for sustainability upon using that strategy. Maybe i should stop using the Word "market" so you can get me clearly.

Knowledge is power, but a bitcoin investing beginner don't necessarily need to know everything there is to know about bitcoin before they invest, waiting can be dangerous sometimes, while a newbie is trying to study how the market works, another newbie could already be accumulating bitcoin. Basic knowledge is required for investment, but that's simply all a person needs before they begin investing, you can increase your knowledge reserve while also increasing your bitcoin reserve as well killing two birds with one stone.

I agreed with you that every mothed you use in Bitcoin is good in accumulating Bitcoin and also so many investors always make use of dollar cost average should be the best when it comes to investing in Bitcoin  accumulating, because the dollar cost averaging give them reason to invest in Bitcoin at any time.

The DCA is indeed an amazing investment strategy as it allows for the periodic pouring of funds into your bitcoin stash over a long period of time, Scaling is also an amazing strategy as it allows the pouring of funds over a long period of time while gradually increasing your investments.

[CcnoutChopper19]

Starting small tends to be a good way to both prioritize getting started but at the same time trying to make sure that the newbie is attempting to tailor his level of aggressiveness to his knowledge level and/or to the organization of his finances and/or psychology - and it seems problematic for any newbie to start out aggressively investing into bitcoin, unless he already has decent organizational skills and finances, which generally would not be very common of a situation.

Okay, I will try to draw a conclusion here that it means that aggressive actions should not be involved in accumulation, there is a little tolerance only when you are experienced enough or have really good financial management and arrangements and maybe there are some beginners who have good financial management from the start but of course everything must still be measured because in any case the risk will always lurk, but overall in my opinion the best for beginners is to avoid various actions that tend to be aggressive and it is better to accumulate with a small/ideal amount every time you do DCA allocation even though for example they have a fairly good financial situation in their life.

[JayJuanGee]

Starting small tends to be a good way to both prioritize getting started but at the same time trying to make sure that the newbie is attempting to tailor his level of aggressiveness to his knowledge level and/or to the organization of his finances and/or psychology - and it seems problematic for any newbie to start out aggressively investing into bitcoin, unless he already has decent organizational skills and finances, which generally would not be very common of a situation.

Okay, I will try to draw a conclusion here that it means that aggressive actions should not be involved in accumulation, there is a little tolerance only when you are experienced enough or have really good financial management and arrangements and maybe there are some beginners who have good financial management from the start but of course everything must still be measured because in any case the risk will always lurk, but overall in my opinion the best for beginners is to avoid various actions that tend to be aggressive and it is better to accumulate with a small/ideal amount every time you do DCA allocation even though for example they have a fairly good financial situation in their life.

It is up to each person to figure out the level of aggressiveness or whimpiness that they want to employ, and surely some people are in a better position to be aggressive fromthe start as compared with others, even though I would think that most reasonable people are going to want to tailor their level of aggressiveness, and as they become more confident in bitcoin they likely would ramp up their level of aggressiveness. It is hard to speak for others, and surely it can take people a while to recognize and/or appreciate the strength in bitcoin's investment thesis that would justify them being more aggressive in their bitcoin accumulation (and/or management of their bitcoin holdings once they have reached targeted accumulation levels).

[ZeroVinsonN]

[Edited out]

Okay, I will try to draw a conclusion here that it means that aggressive actions should not be involved in accumulation, there is a little tolerance only when you are experienced enough or have really good financial management and arrangements and maybe there are some beginners who have good financial management from the start but of course everything must still be measured because in any case the risk will always lurk, but overall in my opinion the best for beginners is to avoid various actions that tend to be aggressive and it is better to accumulate with a small/ideal amount every time you do DCA allocation even though for example they have a fairly good financial situation in their life.

Okay, let's say a relatively high income earner decides to start investing in bitcoin probably because they have friends who are investors and have told them slot about bitcoin, such a person, though is a newbie, can start their investment aggressively as long as the funds are available for them to do so, they are not experienced enough but they are financially stable with good financially management skills, investing aggressively isn't necessarily for veteran investors alone, it is for everyone with the mindset to invest aggressively and the funds to back that mindset up.

[Edited out]

[Edited out]

It is up to each person to figure out the level of aggressiveness or whimpiness that they want to employ, and surely some people are in a better position to be aggressive fromthe start as compared with others, even though I would think that most reasonable people are going to want to tailor their level of aggressiveness, and as they become more confident in bitcoin they likely would ramp up their level of aggressiveness. It is hard to speak for others, and surely it can take people a while to recognize and/or appreciate the strength in bitcoin's investment thesis that would justify them being more aggressive in their bitcoin accumulation (and/or management of their bitcoin holdings once they have reached targeted accumulation levels).

Aggressive investment is a personal choice, not everyone wants to start small, that said, moderation should be the keyword for any beginner investor until they build enough experience, sometimes employing guidance from more experienced investors can go along way to help, after all experience is the best teacher but it doesn't have to be your experience.

[Wind_FURY]

But for those business owners that have just started the business, and haven't reached ROI yet, you should merely concentrate on the business. Bitcoin will merely be a distraction. But if the business has reached ROI and has paid for the money loaned to start the business, THEN use some of the business' profit to save and HODL in Bitcoin.

That's just a rookie mistake, they just assume that it's always going to be up and up while the reality is different, creating a business is easy if they have capital but making it profitable is the real task and to get ROI it will be atleast 3-5 years on an average so the focus should be completely on that if we are talking about business that is just handled by ourselves.

Plus for those people who want to start a business merely because they "don't want to work for someone else", I believe you should think about it carefully before leaving your job. It's harder to start and boot-strap an actual business than working for someone else.

It's due to the influence of social media motivational speakers, they just spit things without telling the real story behind it. And it made lot of people to think that I can do this, but at the end it's just that they dug their own grave.

If we think about it more clearly, if a person who wants to get a bank loan to start a business can work around, trick the bank, and diversify the funds to BUY BITCOIN, I believe that would have a higher probability of success to be in profit within FIVE YEARS than actually starting a business.

It's laughable because it's TRUE.

[Derekfunds]

But for those business owners that have just started the business, and haven't reached ROI yet, you should merely concentrate on the business. Bitcoin will merely be a distraction. But if the business has reached ROI and has paid for the money loaned to start the business, THEN use some of the business' profit to save and HODL in Bitcoin.

That's just a rookie mistake, they just assume that it's always going to be up and up while the reality is different, creating a business is easy if they have capital but making it profitable is the real task and to get ROI it will be atleast 3-5 years on an average so the focus should be completely on that if we are talking about business that is just handled by ourselves.

Plus for those people who want to start a business merely because they "don't want to work for someone else", I believe you should think about it carefully before leaving your job. It's harder to start and boot-strap an actual business than working for someone else.

It's due to the influence of social media motivational speakers, they just spit things without telling the real story behind it. And it made lot of people to think that I can do this, but at the end it's just that they dug their own grave.

If we think about it more clearly, if a person who wants to get a bank loan to start a business can work around, trick the bank, and diversify the funds to BUY BITCOIN, I believe that would have a higher probability of success to be in profit within FIVE YEARS than actually starting a business.

It's laughable because it's TRUE.

You are right but I think it depends on the amount you want to loan and the kind of business you want to venture into, there are some business you will put in enough capital and in less than a year you would make half of the initial capital if not more depending on the business and so if this is the kind of business you venture into I doubt if putting such capital into Bitcoin investment will bring as much profit as that business in the interval of 5 years as you said even though Bitcoin has a great potential. Remember Bitcoin is very volatile and so it can take a while before it can skyrocket and even after skyrocketing there will still be a Dip. To an extent I think this comparison is 50/50.

[chigo]

Okay, I will try to draw a conclusion here that it means that aggressive actions should not be involved in accumulation, there is a little tolerance only when you are experienced enough or have really good financial management and arrangements and maybe there are some beginners who have good financial management from the start but of course everything must still be measured because in any case the risk will always lurk, but overall in my opinion the best for beginners is to avoid various actions that tend to be aggressive and it is better to accumulate with a small/ideal amount every time you do DCA allocation even though for example they have a fairly good financial situation in their life.

if you only allocate a small portion of your money when doing DCA then later you will definitely increase your money when you just realize that what you are doing will bring you great fortune. DCA is also not for those who do not have stable finances, it is difficult to do DCA if your finances are not stable so I suggest you have a stable income first out there then you can do DCA happily without any obstacles.

DCA is a great concept when you are a beginner in investing in bitcoin, just think of it as building a small business that will slowly become big too, as long as you are consistent and don't do stupid things like making losses, then don't doubt the effectiveness of DCA in the future.

[Cossyblack]

Since the lump sum strategy is mainly for rich folks, it can't be ranked as the best strategy for accumulating bitcoin because not all investors can use it to accumulate bitcoin.

I don't agree with you that the lump sum method is only for the rich  because anyone can use that method depend on the prevailing circumstance. For instance, there are people that work on high see and spend anywhere between 3 to 6 months whenever they are on duty and when they are off duty they spend like a month or two on land and it varies accordingly. This type of people may be inclined towards buying using the lump sum method such that whenever they are on land where they have internet access, they can purchase with the amount they would have set aside for Bitcoin investment within the period they were on sea. This is just one instance because there are many instances that can make an average person use the lump sum method to invest in Bitcoin. Therefore, the lump sum method is not exclusively for the rich.

Every method is good and it depends entirely on individual preference to chose what method is ideal for him. So long as the basic ingredients of buying with discretionary income, holding for long term and ensuring emergency funds are kept are all in place, whichever entry method chosen is good. Just that the DCA seems to resonate with a lot of people due to its advantages.

You make a fine points here but it's doesn't make alot of difference from what Mayor of Ogba is trying to expatiate. The people that works in the Sea are rigged workers and these sets of people that works in the Seas are rich people because they are highly paid for the jobs their do and cannot be categories among the low income earners, so to me you haven't saids enough why Lump Sum aren't for rich folks alone.

I kind of disagree with you that Lump Sum Strategy can be used by every one,I don't find your words convincing enough because Lump Sum Strategy is mainly used by the Rich because it's requires an investor putting a very huge sum funds into his Bitcoin investment at once and this kind of strategy cannot work and be used by everyone Except  for the high income Earners.

I think the Kinds of Strategy suitable for Every investors is DCA strategy and it's the best Strategy so far. This Strategy can be used by both high and low income earners, DCA strategy doesn't require huge amounts funds to begin, infact with your discretional income you can start buying bitcoin consistently, accumulating with ease and can setup an emergency funds while stashing and holding for the Long term.

[MainIbem]

Okay, I will try to draw a conclusion here that it means that aggressive actions should not be involved in accumulation, there is a little tolerance only when you are experienced enough or have really good financial management and arrangements and maybe there are some beginners who have good financial management from the start but of course everything must still be measured because in any case the risk will always lurk, but overall in my opinion the best for beginners is to avoid various actions that tend to be aggressive and it is better to accumulate with a small/ideal amount every time you do DCA allocation even though for example they have a fairly good financial situation in their life.

It is up to each person to figure out the level of aggressiveness or whimpiness that they want to employ, and surely some people are in a better position to be aggressive fromthe start as compared with others, even though I would think that most reasonable people are going to want to tailor their level of aggressiveness, and as they become more confident in bitcoin they likely would ramp up their level of aggressiveness. It is hard to speak for others, and surely it can take people a while to recognize and/or appreciate the strength in bitcoin's investment thesis that would justify them being more aggressive in their bitcoin accumulation (and/or management of their bitcoin holdings once they have reached targeted accumulation levels).

Welll said Mr Jay, people forget that everyone's level of aggressiveness can't be same when it comes to accumulation of Bitcoin, some people whether old/newbies are opportuned to very financially okay to start their investment journey with buying aggressively even while doing the DCA for instance you'll see some buying daily to a certain point but that doesn't mean that someone who's not doing so ain't on the track, every investor should have their target and invest according to their financial capabilities one don't need to be over aggressive cause their friend who's an investor is doing so whereas they're not very financial strong to do same, it doesn't matter whether one is a beginner or not once one is very financially stable to invest aggressively and understands the concepts of it then follow it amicably then they're good to go so far they don't go against the concept of Bitcoin investment while trying to be aggressive, some investors make the mistake of imitating others instead of investing according to their financial capabilities. For instance, the fact that Saylor at some point was investing daily doesn't mean that investors should do so too just cause they look up to him as a mentor or so whereas they can't keep up with buying daily, that's why I said ever investor should do so according to their financial capabilities.

[Proty]

But for those business owners that have just started the business, and haven't reached ROI yet, you should merely concentrate on the business. Bitcoin will merely be a distraction. But if the business has reached ROI and has paid for the money loaned to start the business, THEN use some of the business' profit to save and HODL in Bitcoin.

That's just a rookie mistake, they just assume that it's always going to be up and up while the reality is different, creating a business is easy if they have capital but making it profitable is the real task and to get ROI it will be atleast 3-5 years on an average so the focus should be completely on that if we are talking about business that is just handled by ourselves.

Plus for those people who want to start a business merely because they "don't want to work for someone else", I believe you should think about it carefully before leaving your job. It's harder to start and boot-strap an actual business than working for someone else.

It's due to the influence of social media motivational speakers, they just spit things without telling the real story behind it. And it made lot of people to think that I can do this, but at the end it's just that they dug their own grave.

If we think about it more clearly, if a person who wants to get a bank loan to start a business can work around, trick the bank, and diversify the funds to BUY BITCOIN, I believe that would have a higher probability of success to be in profit within FIVE YEARS than actually starting a business.

It's laughable because it's TRUE.

It totally depends on the nature of the loan and the interest rate ,also when the person is expected to pay back however to me it may not totally be a good idea . Given the duration of time you mentioned, 5yrs to me looks more like the person is going into short term investment and the guarantee that bitcoin investment will be in good profits within this speculated time may not be there. we can take loan to invest in bitcoin given that we are expecting money from another source to pay back and not  from the expected profit that the accumulated bitcoin will yield.

[Stormisover]

But for those business owners that have just started the business, and haven't reached ROI yet, you should merely concentrate on the business. Bitcoin will merely be a distraction. But if the business has reached ROI and has paid for the money loaned to start the business, THEN use some of the business' profit to save and HODL in Bitcoin.

That's just a rookie mistake, they just assume that it's always going to be up and up while the reality is different, creating a business is easy if they have capital but making it profitable is the real task and to get ROI it will be atleast 3-5 years on an average so the focus should be completely on that if we are talking about business that is just handled by ourselves.

Plus for those people who want to start a business merely because they "don't want to work for someone else", I believe you should think about it carefully before leaving your job. It's harder to start and boot-strap an actual business than working for someone else.

It's due to the influence of social media motivational speakers, they just spit things without telling the real story behind it. And it made lot of people to think that I can do this, but at the end it's just that they dug their own grave.

If we think about it more clearly, if a person who wants to get a bank loan to start a business can work around, trick the bank, and diversify the funds to BUY BITCOIN, I believe that would have a higher probability of success to be in profit within FIVE YEARS than actually starting a business.

It's laughable because it's TRUE.

It is complicated and contradictory, and at the time time it is not laughable because it is loan we are talking about which we are ought to be very conscious about while it is not even advisable to take a loan and invest in Bitcoin, or it could be more better to start up the business we took the loan for and invest in to Bitcoin gradually with part of the profit while also making arrangements on how to be repaying the loan because the bank that gave the loan at some point can be monitoring the said business of which you took the loan for.
Five years as you said is just a cycle and 1 Year and you can't actually determine with certainty of what will become of Bitcoin within this five years with the fact that money used is a loan. You know taken a loan from a bank requires legal proceedings and tricking them can get you in to trouble.

[Ruttoshi]

But for those business owners that have just started the business, and haven't reached ROI yet, you should merely concentrate on the business. Bitcoin will merely be a distraction. But if the business has reached ROI and has paid for the money loaned to start the business, THEN use some of the business' profit to save and HODL in Bitcoin.

That's just a rookie mistake, they just assume that it's always going to be up and up while the reality is different, creating a business is easy if they have capital but making it profitable is the real task and to get ROI it will be atleast 3-5 years on an average so the focus should be completely on that if we are talking about business that is just handled by ourselves.

Plus for those people who want to start a business merely because they "don't want to work for someone else", I believe you should think about it carefully before leaving your job. It's harder to start and boot-strap an actual business than working for someone else.

It's due to the influence of social media motivational speakers, they just spit things without telling the real story behind it. And it made lot of people to think that I can do this, but at the end it's just that they dug their own grave.

If we think about it more clearly, if a person who wants to get a bank loan to start a business can work around, trick the bank, and diversify the funds to BUY BITCOIN, I believe that would have a higher probability of success to be in profit within FIVE YEARS than actually starting a business.

It's laughable because it's TRUE.

I wouldn't love to start my bitcoin long-term investment like that since it's like trading and not investing. This is because you don't know what the future has for bitcoin and it's not good to invest in bitcoin with funds that's not your discretionary income that you can do away with. Investing in bitcoin is not a business that you are taking a loan to invest in for 5 years and expect to sell back to pay your loan.

You will remain sleepless night throughout that five years without rest of mind and whenever bitcoin price dips, you will panic. Infact, your blood pressure will be high. It's better I start my bitcoin investment with as low as $10 and keep my bitcoin accumulation ongoing, regularly with consistent and persistent for that 4-10 years and above. Look for a means to increase my income so that i can invest aggressively than going through the loan way. I mustn't buy 1 full bitcoin or see bitcoin as a way to make profits.

I kind of disagree with you that Lump Sum Strategy can be used by every one,I don't find your words convincing enough because Lump Sum Strategy is mainly used by the Rich because it's requires an investor putting a very huge sum funds into his Bitcoin investment at once and this kind of strategy cannot work and be used by everyone Except  for the high income Earners.

Don't get it twisted, lump sum is open to all whether rich investors or poor investors as long as it is from your extra funds. The difference is that a rich man has the capacity to lump sum with higher amount than a man with a low income and also has the opportunity to lump sum in various times than the low income investor. The reason why I said that a low income investors can also lump sum is that, he can be given bonus at work or traveling allowances for representing his company in a meeting. There is also christmas bonus, that he can use to lump sum if he wants.

For example, my weekly DCA is $50, and is ongoing. I was lucky to be given a bonus of $200 at work to motivate me. I can decide to use $100 or $150 to buy bitcoin right away regardless of the price. What I did was a lump sum buy. I must not have $1000 to buy right away before you say that's lump sum.

[len01]

DCA is also not for those who do not have stable finances, it is difficult to do DCA if your finances are not stable so I suggest you have a stable income first out there then you can do DCA happily without any obstacles.

So you think someone who wants to invest in bitcoin must have a stable income to implement the DCA strategy? And no one should invest in bitcoin if they don't have a stable income?

For me such assumption is very wrong and DCA strategy has no such rule. Even anyone can invest their money to save in bitcoin with only $1 every week or monthly.
I know someone in 2022 and he only makes about $50-$70 a week and it's not stable. But he can still do DCA to spend $2 on BTC every week.

[Sim_card]

investor should have their target and invest according to their financial capabilities one don't need to be over aggressive cause their friend who's an investor is doing so whereas they're not very financial strong to do same, it doesn't matter whether one is a beginner or not once one is very financially stable to invest aggressively and understands the concepts of it then follow it amicably then they're good to go so far they don't go against the concept of Bitcoin investment while trying to be aggressive, some investors make the mistake of imitating others instead of investing according to their financial capabilities. For instance, the fact that Saylor at some point was investing daily doesn't mean that investors should do so too just cause they look up to him as a mentor or so whereas they can't keep up with buying daily, that's why I said ever investor should do so according to their financial capabilities.

I agree with you mate, investing in bitcoin is not a competition and shouldn't be, because we have different income and different expenses. Even someone receiving the same income with you will have different expenses and discretionary income. This is why you don't use more than your discretionary income to invest in bitcoin so that you don't end up selling it at loss to take care of your needs when it arises.

Anyone that buys bitcoin over aggressively because he's into competition is gambling and not investing. This is why one need to be very careful in his decisions and steps he takes to keep his bitcoin investment ongoing overtime, so that he doesn't make any mistake that can make him lose part of his bitcoin portfolio.

 If you have the financial strength to invest aggressively, do so. But if you don't have, don't try it. It's better that you find a means to increase your income in order for you to have the financial strength to invest aggressively overtime.

[Stormisover]

DCA is also not for those who do not have stable finances, it is difficult to do DCA if your finances are not stable so I suggest you have a stable income first out there then you can do DCA happily without any obstacles.

It is very good to have a stable source of income but that mentality of saying that one must have a stable source of income before starting Bitcoin investment can be very wrong because with the dca strategy we can be accumulating Bitcoin whenever we have a discretionary income and at the time be working on our sources of income, it is wrong for us to see Bitcoin as burdensome investment such that we don't have to wait until our sources of income is stable before we can start buying Bitcoin and there is saying that a low coiner is better than a no coiner , one of the things I have learnt is that there are things that we can actually be working upon while we are at the same time buying Bitcoin without thinking that we must perfect in them before getting started and this includes our financial too, but we must accept and be working towards making an improvement.