Buy the DIP, and HODL!

[Cossyblack]

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.

What can you sustain on your investment if you don't have stable income? Everything will fall apart if you encounter financial issues since you might think about selling your Bitcoin if you don't have any option left.

So much better to find ways to create stable source of income so that there would be no problem arise towards your investment. We are talking about long term here and for sure we don't want to fail just because of small reasons.

Would be good for people if they can make everything sustainable since they can increase their chance to succeed without getting bothered by any financial disturbance.

Having a stable income is very important because its help an investor not to dip hands in his investment in case of any unexpected expenses happens,with a stable income the investor will be able to take care of it but it shouldn't be the only criteria to sustains an investment. I believe they're some investors in Bitcoin that doesn't have a stable income and  yet they have been doing well in their holdings and haven't dip hands or tamper with their investments. An investor who doesn't have a stable income can still be using the little available funds at his disposal  whenever he has it to buy Bitcoin using DCA and can be still be accumulating at slow  pace in the way that it will not affect his financial status. Like for an instance,since the investor doesn't have a stable income and in other for him not to tamper with his investment when the unexpected happens, whenever he has an available cash no matter how little,he can just split it into three,one parts goes for his bitcoin investments,second for his Emergency funds and the third for his personal spending. With these the investor can Hodl longer without ever falling back to his investment since he hasn't yet secured a stable source of income.

[JayJuanGee]

They don't need to learn about how to use a wallet before investing in Bitcoin but what will happen if they lack the knowledge on how they will keep their BTC safe when we're in the season where it is more important for people to hold their BTC in self-custodial wallets?

I am not proclaiming to know all of the answers, yet I know that it is a bit too much to proclaim that a beginner has to learn how to self-custody prior to getting started investing into bitcion.

Yes, it is preferred that a person holds most of his coins in self-custody, perhaps 90% or more, but still, self custody is not a prerequisite to getting started in bitcoin.

You have a point. A self-custodial wallet is not a prerequisite for newbies to begin their Bitcoin journey since they need to experience how it feels when buying some Satoshi. But they still need to know the key and important parts that will help and secure the Bitcoin journey, or else they may be victims of online theft, which always targets Bitcoin newbies.
This is one of the reasons why I consider investment in Bitcoin not to be something a newbie can rush into.

Furthermore if a person keeps coins on exchanges (or otherwise with third-parties) he should realize that he is running risks that he could lose some or all of those coins, which should help to motivate him to learn about self-custody and to employ self-custody. 

Everyone is responsible for their own actions, including if they choose to remain so dumb as to keep all of their coins on exchanges, so even though I am saying that a person does not need to learn about self-custody in order to start investing into bitcoin, I am not recommending keeping coins on exchanges for extended periods of time or that it is a good habit to keep very many coins at all on any exchanges (or with third parities), I personally would not recommend any more than 10% of your coins being held with third parties at any given time, even though surely there are folks who are way more tolerant of various forms of third-party custody.

Ok. Now, I understand what you're trying to say. I just point out the statement because some newbies may misunderstand what you're trying to say.

I think that I am trying to consider this matter of getting started from where people are at, and surely we can consider self-custody as easy and even as basic knowledge, yet the truth of the matter is that self-custody is not as easy as we might consider it to be, even though some of the companies are trying to make self-custody quite easy, yet there are still trade-offs, including responsibility to make sure you do not lose your keys.  If a person has an income of $30k per year and a networth that might be around $10k.. depending on if he has any savings and/or investments in his life, it may well take such a guy several years to get the quantity of his annual income invested into bitcoin, and if after a year or two maybe he ends up investing $10k or $20k into bitcoin, then surely it seems that he better have around 90% of that value in self-custody, yet people have a variety of obligations and interests, and they might feel that it is complicated for them to learn about self-custody and to take such self-responsibility, even though it is in their interest to prioritize such learning and implementation.

For sure, I consider self-custody as important - even though we have low percentages of bitcoiners employing such practices, and surely self-custody gives power to bitcoin, yet the fact that bitcoin is empowered by self-custody does not mean that normies are going to learn about self-custody and put it into practice..  .. so I don't believe it is a good idea to proclaim that they need to employ self-custody, even though they do not... and even though self-custody is a better thing to learn and to put into practice.

[edited out]

You are very much right on this sir, starting up a business carries a higher risk than investing in Bitcoin, because when starting up a business, if the business is not properly managed, their is a higher probability of that business crashing down and you losing all the money that was invested into that business, which we all know that investment in Bitcoin doesn't carries such high risk, I haven't even talk about the stress involved in the day to day running of the business.

But with Bitcoin investment, it's less stressful and more rewarding because all you just need to do is to buy and hold, the only challenge you will be having is holding for a very long time, and that's why having a source of income and an emergency funds in place is highly recommended, so as for your holdings to survive the rainy days that may occur in the future, but am very much certain that investment in Bitcoin will be able to give you a more better return than investment in business on the longer run.

Many time folks get into businesses in order to try to produce a cashflow from their labor that is greater than the cashflow that they could produce in the event that they work for someone else.

There is nothing wrong with the ideas of producing more cashflow than you otherwise be able to produce, since you can use that money from that extra cashflow to buy bitcoin.

Anyone investing into bitcoin needs to have cashflow that will both cover their monthly expenses but also allow them to buy more bitcoin.  Bitcoin does not provide cashflow in the beginning, and likely if we are treating bitcoin as an investment, then we are not going to enter into any practice of drawing from our bitcoin until after our bitcoin has reached a sufficiently large size. and we might be better off to build our bitcoin to a sustainable size by building a business rather than buying bitcoin.. especially if we are thinking about the various ways that we might be able to generate cashflow.

Surely there are some folks who go to university or some kind of advanced technical training (school) so that they are able to increase their income, and so it may well be better use of their capital to invest into the training of themselves so that they can produce future income than to buy bitcoin with that same money.. since maybe those folks who only invest into bitcoin and do not invest into themselves, they will end up employed in various kinds of mediocre work that neither pays well and perhaps is not even easy to sustain, and they would be better off to either improve their skills/knowledge or even to make other investments (such as in a business) that will help them to become a better generator of cash with better income levels.

Many folks are not going to be able to invest into bitcoin and to stop working, since it could take 4-10 years or longer just to build up the bitcoin's stack size but also to allow the passage of time that will allow for bitcoin to compound in value upon itself  - and that compounding value is not guaranteed, even though it historically has been very powerful and bitcoin remains an investment with very strong fundamentals contributing to its asymmetric bet nature, to be amongst the best, if not the best place to put extra income.

If someone in the topic is starting their own business this year, please raise your hand now, and post again during 2030.

Well recently I've started business in apparel sector, If I'm alive for next five year I will definitely reply of your this comment and let you know how everything is going on. Don't people scares of to achive their dream. It's natural people will fall. But if you don't start for this reason there's high possibility you can't achive anything even from bitcoin itself.

You are correct coinerer.  If you are going to invest into bitcoin, you also have to figure out various ways to generate income from your labor and/or from your capital so that you would be able to both buy more bitcoin and to hold onto whatever bitcoin that you had already bought.

Surely there can be balances in regards to how much of your income from your business that you might want to invest (or reinvest) into your business as compared with putting that extra money into bitcoin.  The answers are not always going to be clear, since sometimes expanding a business might be cost effective and other times the extra invested money into the business does not result in as many returns as it might have if you are able to lock that money into bitcoin for 4-10 years or longer.

I look forward to any of your reports back, and surely you do not need to wait 5 years to make your reports.

Surely, you know that there are certain intangibles that are difficult to measure.. so for example, if you had some working opportunities outside of owning a business, yet instead you decided to focus your time, energies and money into your business, then you may well be able to earn more money through your business, yet some businesses might take a few years before you are actually making more money than you would have had been able to make by working for someone else.  It can be difficult to measure these kinds of matters, and surely some kinds of businesses are more capital intense than others, and some businesses are quite labor intense, yet people will frequently appreciate that when they have their own business, they have more freedoms in regards to their decisions around carrying out their work, and some folks do not mind receiving direction from others rather than being the boss and having to decide for themselves.

[edited out]

Crypto investment needs a good understanding about the market because it's not all about buying and having a back up fund, you'll need to learn about the crypto market and the market structure because you know understand the market so well, their are sometimes when you have ananalzed the market to the extend that you feel like them price of Bitcoin is going to skyrocket soon, giving you an earlier opportunity to prepare for the bull but adding more Bitcoin to your portfolio because this can be a one time opportunity to buy before the big bull run.

The DCA strategy is very good and it wouldn't be good if we keep using it without understanding what's happening in the market.
Majority of experience investors know that their are some investors who we keep buying without even understanding the market whether price is preparing to go up or go down. In addition, every investors need to learn how to analyze the market even though we have no intention to trade but just buying and holding for as long as possible. Cryptocurrency is very profitable, but only for those that are ready to keep holding and holding while accumulating to add to their portfolio.

We shouldn't be ignorant of what's happening in the market just because we have a DCA strategy in place for us that is helping us to buy at random prices. Understanding the market will be safe for us if we can keep studying and getting paramount education about the market. It would be bad if we just stand at a corner and get relaxed without any effort to keep learning about the crypto space with taking advantage of the DCA strategy that could make us earn more in the market if we have the intention to hold for as long as possible.

We are talking about bitcoin in this thread, not shitcoins.  DCA ONLY works with the investment into assets that are trending upwards and have fundamental value.. .so that is ONLY bitcoin within the "crypto" space, so if you are talking about bitcoin you should say bitcoin rather than suggesting that there might be some value to put money into shitcoins besides getting in and out of them.

Regarding ongoing studying the space, sure there can be some value in terms of ongoing studying, yet your DCAing should mostly be basd on your budget and how many BTC you had already accumulated rather than getting distracted by short term noise.

Hopefully once guys spend 4-years or more accumulating bitcoin, they will be in a better position to consider the extent to which they might want to move away from strict and ongoing accumulation of BTC.  Of course, anyone who is able to front-load his investment into bitcoin will be in a better position to reach a status of having enough or more than enough BTC as compared to someone who might have relatively lower levels of discretionary income.

[bitzizzix]

-snip

What can you sustain on your investment if you don't have stable income? Everything will fall apart if you encounter financial issues since you might think about selling your Bitcoin if you don't have any option left.

So much better to find ways to create stable source of income so that there would be no problem arise towards your investment. We are talking about long term here and for sure we don't want to fail just because of small reasons.

Would be good for people if they can make everything sustainable since they can increase their chance to succeed without getting bothered by any financial disturbance.

Wait a minute bro, I totally understand your concern but as @JayJuanGee said :

So, many times they are doing their best to maintain as much income as they can and as low expenses as they can in order to be able to invest into something like bitcoin.

This means that anyone who already has the intention to save in bitcoin and does not have a stable income, they will try to find other opportunities to get additional income. That way someone will never have a problem when they have urgent needs and still maintain their investment.

Like what I am doing now even though I have a permanent job and a stable salary, I am still trying to build a small business to be able to get additional income. And the profits from the business can be used to do DCA every week. So even though I have very urgent economic problems, I still have a salary from my job to cover those needs.

The method I am currently using can be used by beginners who do not yet have a stable income and in this way beginners do not need to worry about still being able to invest in bitcoin even in small amounts.

Intention is something that must be instilled in someone who wants to save in the form of Bitcoin, because intention will be their motivation when they do not have a steady income and will try and work hard to get it so that their intention comes true. And when they get it, they will definitely maintain it so that they can still buy Bitcoin when they have an income and hope to last a long time because having Bitcoin in the long term will produce good profits and that is what makes someone have intentions that motivate them. And I am also very motivated by Bitcoin because of the money profits that I have previously obtained and am motivated to get the next profit because the long term that I did before was not too long, but the previous incident motivated me to get the next profit which is much bigger than before and I believe that.

I also have a stable income, but I feel that it is not satisfying because besides buying Bitcoin routinely and consistently, we also need money to meet our needs without having to reduce it, and also need emergency funds and savings that I don't need to mention the purpose because I'm sure everyone already knows and is always in every comment. And that's all that makes me have to have additional income and I have mentioned it here and I have a grocery store business and sell other things so that all of that can be realized but I am grateful that all of that is very helpful and can fulfill everything but still I always think that there is still something lacking and still want more income because that is my motivation to have Bitcoin and want or have great hope that Bitcoin can make me live peacefully in old age in terms of finance and that's what I always think about and I believe Bitcoin can make that happen and whatever it is.

[wmaurik]

Having a stable income is very important because its help an investor not to dip hands in his investment in case of any unexpected expenses happens,with a stable income the investor will be able to take care of it but it shouldn't be the only criteria to sustains an investment. I believe they're some investors in Bitcoin that doesn't have a stable income and  yet they have been doing well in their holdings and haven't dip hands or tamper with their investments. An investor who doesn't have a stable income can still be using the little available funds at his disposal  whenever he has it to buy Bitcoin using DCA and can be still be accumulating at slow  pace in the way that it will not affect his financial status. Like for an instance,since the investor doesn't have a stable income and in other for him not to tamper with his investment when the unexpected happens, whenever he has an available cash no matter how little,he can just split it into three,one parts goes for his bitcoin investments,second for his Emergency funds and the third for his personal spending. With these the investor can Hodl longer without ever falling back to his investment since he hasn't yet secured a stable source of income.

By having a stable income, of course, we will be able to maintain the assets that we have invested and also continue to increase the investments that we run, but we must be able to manage our income well so as not to spend it on things we don't need so that when we experience emergency needs we still have funds that we can use for those needs and not take the assets that we have invested. When someone decides to divide the funds they have into three parts, of course this will be very good for them to be able to maintain the assets they have invested and if this can be done consistently, of course they will be able to make a profit from the investments they run.

[Nightwatchmare]

$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 Bitcoin's current value.

Although investing $10 in bitcoin may seem small, and it will take a longer time to reach a good amount of bitcoin for that reason, don't discourage anyone who has made a move in accumulating bitcoin, even if the money the person is using to accumulate bitcoin is small, as that could be the available money the person can afford to invest in bitcoin. Achieving successful investment has nothing to do with how much money you have invested in bitcoin, but when you have successfully come to the end of your accumulation journey and you reach your desired outcome, you have become successful in your investment.

[Proty]

Having a stable income is very important because its help an investor not to dip hands in his investment in case of any unexpected expenses happens,with a stable income the investor will be able to take care of it but it shouldn't be the only criteria to sustains an investment. I believe they're some investors in Bitcoin that doesn't have a stable income and  yet they have been doing well in their holdings and haven't dip hands or tamper with their investments. An investor who doesn't have a stable income can still be using the little available funds at his disposal  whenever he has it to buy Bitcoin using DCA and can be still be accumulating at slow  pace in the way that it will not affect his financial status. Like for an instance,since the investor doesn't have a stable income and in other for him not to tamper with his investment when the unexpected happens, whenever he has an available cash no matter how little,he can just split it into three,one parts goes for his bitcoin investments,second for his Emergency funds and the third for his personal spending. With these the investor can Hodl longer without ever falling back to his investment since he hasn't yet secured a stable source of income.

By having a stable income, of course, we will be able to maintain the assets that we have invested and also continue to increase the investments that we run, but we must be able to manage our income well so as not to spend it on things we don't need so that when we experience emergency needs we still have funds that we can use for those needs and not take the assets that we have invested. When someone decides to divide the funds they have into three parts, of course this will be very good for them to be able to maintain the assets they have invested and if this can be done consistently, of course they will be able to make a profit from the investments they run.

Even with a stable source of income if you are into bitcoin for quick profit the possibilities of being in profit without holding for a long time is very slim and the risk of losing one asset is there .It is good for an investor to have a stable source of income for consistency in bitcoin accumulation however not having a stable source of income shouldn't stand as a hurdle for not investing in bitcoin or waiting for when your stream of income has increased.An investors can be investing in bitcoin an at the same time while working to stabilise his income flow

[Makus]

$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 Bitcoin's current value.

Although investing $10 in bitcoin may seem small, and it will take a longer time to reach a good amount of bitcoin for that reason, don't discourage anyone who has made a move in accumulating bitcoin, even if the money the person is using to accumulate bitcoin is small, as that could be the available money the person can afford to invest in bitcoin. Achieving successful investment has nothing to do with how much money you have invested in bitcoin, but when you have successfully come to the end of your accumulation journey and you reach your desired outcome, you have become successful in your investment.

Irrespective of the invested amout the most important  thing is that you are comfortable with your investment without suffocate other important needs. So if your income  flow restrains you to invest only $10 using DCA probably per week than that's fine. Just like len01 said, if you have the mindset of increasing your bitcoin investment, you can try looking for another source of income that gives you a more opportunity to increase your accumulation amount while other needs are also being taken care of. The most important thing in bitcoin  investment is that you feel comfortable with your investment and also have a reserved fund to take care of emergency needs or situation that need immediate financial intervention. That is, a salary of $2000  and after making a monthly expenses of $1500 you can make a $100-$200 investment in bitcoin while the remaining amout is kept as your reserved fund  depending on how aggressive you wish to go with your investment. With the rate of $300 as your reserved fund in your fiat currency, within a space of 5 months you should have accumulated one of your total monthly expenses $1500, but the goal is to have a reserved fund worth 3-5 monthly expenses. Then you can become  more aggressive in your bitcoin accumulation because what's the point accumulating so much in your fiat currency when it only loses value, if not for the sake of emergency needs?

[cryptoWODL]

You are very much right on this sir, starting up a business carries a higher risk than investing in Bitcoin, because when starting up a business, if the business is not properly managed, their is a higher probability of that business crashing down and you losing all the money that was invested into that business,

Of course starting and setting up a business is much more risky than Bitcoin investment but it seems that the initial processes of these two have little in common. For example I think that to start investing in Bitcoin you first need money, while to start any business everyone first needs capital. The second step is that you don't need to take specific training from an expert to start investing in Bitcoin. With just some knowledge and one DCA strategy, the initial path to starting investing becomes clear even many start businesses after becoming specialized in various ways and then experienced enough to start that business, meaning that the person then acquires the basic knowledge to do so. So it's clear to me that the initial steps of starting a business are very tortuous, but the initial steps to start Bitcoin are much easier with a little knowledge.

which we all know that investment in Bitcoin doesn't carries such high risk, I haven't even talk about the stress involved in the day to day running of the business.

Acquires In this case, I agree with you that Bitcoin investment does not bear such high risk, even then the reality is that there will still be risks involved. The risk of Bitcoin investment means that if an investor does not hold the age limit of his investment up to two cycles or three cycles, then he will never have a high probability of success. Yet in the end I wouldn't consider these two to be the same. because investment is for my future On the other hand, everyone knows what business does for us, such as meeting basic needs and other essential needs.

[wakier]

Having a stable income is very important because its help an investor not to dip hands in his investment in case of any unexpected expenses happens,with a stable income the investor will be able to take care of it but it shouldn't be the only criteria to sustains an investment. I believe they're some investors in Bitcoin that doesn't have a stable income and  yet they have been doing well in their holdings and haven't dip hands or tamper with their investments. An investor who doesn't have a stable income can still be using the little available funds at his disposal  whenever he has it to buy Bitcoin using DCA and can be still be accumulating at slow  pace in the way that it will not affect his financial status. Like for an instance,since the investor doesn't have a stable income and in other for him not to tamper with his investment when the unexpected happens, whenever he has an available cash no matter how little,he can just split it into three,one parts goes for his bitcoin investments,second for his Emergency funds and the third for his personal spending. With these the investor can Hodl longer without ever falling back to his investment since he hasn't yet secured a stable source of income.

By having a stable income, of course, we will be able to maintain the assets that we have invested and also continue to increase the investments that we run, but we must be able to manage our income well so as not to spend it on things we don't need so that when we experience emergency needs we still have funds that we can use for those needs and not take the assets that we have invested. When someone decides to divide the funds they have into three parts, of course this will be very good for them to be able to maintain the assets they have invested and if this can be done consistently, of course they will be able to make a profit from the investments they run.

Many say that if we want to invest, use cold money so that if there is a decline at any time, we don't panic or sell at a loss because this often happens if a coin experiences a correction and people panic sell, if we have a permanent job we don't need to worry about selling the assets we invest in, I have a few tips that we must do before investing that I have applied at this time.
1. set aside money for daily needs
2. set aside money for emergencies
3. Invest with a ratio of 15/100 every month.
Don't always check your portfolio every time because it also greatly affects our mental health and thoughts.

[Sim_card]

-snip

What can you sustain on your investment if you don't have stable income? Everything will fall apart if you encounter financial issues since you might think about selling your Bitcoin if you don't have any option left.

So much better to find ways to create stable source of income so that there would be no problem arise towards your investment. We are talking about long term here and for sure we don't want to fail just because of small reasons.

Would be good for people if they can make everything sustainable since they can increase their chance to succeed without getting bothered by any financial disturbance.

Wait a minute bro, I totally understand your concern but as @JayJuanGee said :

So, many times they are doing their best to maintain as much income as they can and as low expenses as they can in order to be able to invest into something like bitcoin.

This means that anyone who already has the intention to save in bitcoin and does not have a stable income, they will try to find other opportunities to get additional income. That way someone will never have a problem when they have urgent needs and still maintain their investment.

Like what I am doing now even though I have a permanent job and a stable salary, I am still trying to build a small business to be able to get additional income. And the profits from the business can be used to do DCA every week. So even though I have very urgent economic problems, I still have a salary from my job to cover those needs.

The method I am currently using can be used by beginners who do not yet have a stable income and in this way beginners do not need to worry about still being able to invest in bitcoin even in small amounts.

Intention is something that must be instilled in someone who wants to save in the form of Bitcoin, because intention will be their motivation when they do not have a steady income and will try and work hard to get it so that their intention comes true. And when they get it, they will definitely maintain it so that they can still buy Bitcoin when they have an income and hope to last a long time because having Bitcoin in the long term will produce good profits and that is what makes someone have intentions that motivate them. And I am also very motivated by Bitcoin because of the money profits that I have previously obtained and am motivated to get the next profit because the long term that I did before was not too long, but the previous incident motivated me to get the next profit which is much bigger than before and I believe that.

From what I understand from your post, you have the zeal to buy and build a good bitcoin portfolio which makes you worried that you need an additional income apart from the one you are having from your grocery shop. Don't you think that selling your bitcoin for profit it isn't the best way to achieve your goal, because the more you sell, the more you are limiting the chance of your bitcoin portfolio to continue growing and you will miss out the compounding profits from it.

 Don't be tempted to take profits when you are still accumulating, rather stay focus and allow your bitcoin investment grow overtime with your consistent and persistent, regular buying with DCA weekly to keep your bitcoin accumulation ongoing for 4-10 years and above. Buying to sell back and start afresh again is a wrong way to invest in bitcoin for a long-term.

Some people don't know the duration of a long-term investment, and that's why I feel that you are not hodling for long or you are focused more on making profits instead of increasing your bitcoin for the future. That's a trader mentality and it would be better if you erase that mindset from you and have a long-term investment plan so that you can enjoy from your bitcoin investment at old age when bitcoin is expensive and you have a good size in your possession.

[As-Soon-As]

Having a stable income is very important because its help an investor not to dip hands in his investment in case of any unexpected expenses happens,with a stable income the investor will be able to take care of it but it shouldn't be the only criteria to sustains an investment. I believe they're some investors in Bitcoin that doesn't have a stable income and  yet they have been doing well in their holdings and haven't dip hands or tamper with their investments. An investor who doesn't have a stable income can still be using the little available funds at his disposal  whenever he has it to buy Bitcoin using DCA and can be still be accumulating at slow  pace in the way that it will not affect his financial status. Like for an instance,since the investor doesn't have a stable income and in other for him not to tamper with his investment when the unexpected happens, whenever he has an available cash no matter how little,he can just split it into three,one parts goes for his bitcoin investments,second for his Emergency funds and the third for his personal spending. With these the investor can Hodl longer without ever falling back to his investment since he hasn't yet secured a stable source of income.

By having a stable income, of course, we will be able to maintain the assets that we have invested and also continue to increase the investments that we run, but we must be able to manage our income well so as not to spend it on things we don't need so that when we experience emergency needs we still have funds that we can use for those needs and not take the assets that we have invested. When someone decides to divide the funds they have into three parts, of course this will be very good for them to be able to maintain the assets they have invested and if this can be done consistently, of course they will be able to make a profit from the investments they run.

Many say that if we want to invest, use cold money so that if there is a decline at any time, we don't panic or sell at a loss because this often happens if a coin experiences a correction and people panic sell, if we have a permanent job we don't need to worry about selling the assets we invest in, I have a few tips that we must do before investing that I have applied at this time.
1. set aside money for daily needs
2. set aside money for emergencies
3. Invest with a ratio of 15/100 every month.
Don't always check your portfolio every time because it also greatly affects our mental health and thoughts.

Investing in Bitcoin is usually best done according to the DCA method, some of the methods you have adopted are included in the video format. If the investor wants to follow more additional rules, then of course these strategies are most important for an ideal investor to have. If an investor has bad habits, they can increase the amount of money in their investment by eliminating them, it is most important for us to know the processes of increasing Bitcoin quickly by investing usually weekly.
For this, we will set up an emergency fund and use money from this emergency fund to deal with various dangers, and all kinds of steps should be taken to sustain Bitcoin investment in the long term.

[Olatundespo]

Having a stable income is very important because its help an investor not to dip hands in his investment in case of any unexpected expenses happens,with a stable income the investor will be able to take care of it but it shouldn't be the only criteria to sustains an investment. I believe they're some investors in Bitcoin that doesn't have a stable income and  yet they have been doing well in their holdings and haven't dip hands or tamper with their investments. An investor who doesn't have a stable income can still be using the little available funds at his disposal  whenever he has it to buy Bitcoin using DCA and can be still be accumulating at slow  pace in the way that it will not affect his financial status. Like for an instance,since the investor doesn't have a stable income and in other for him not to tamper with his investment when the unexpected happens, whenever he has an available cash no matter how little,he can just split it into three,one parts goes for his bitcoin investments,second for his Emergency funds and the third for his personal spending. With these the investor can Hodl longer without ever falling back to his investment since he hasn't yet secured a stable source of income.

By having a stable income, of course, we will be able to maintain the assets that we have invested and also continue to increase the investments that we run, but we must be able to manage our income well so as not to spend it on things we don't need so that when we experience emergency needs we still have funds that we can use for those needs and not take the assets that we have invested. When someone decides to divide the funds they have into three parts, of course this will be very good for them to be able to maintain the assets they have invested and if this can be done consistently, of course they will be able to make a profit from the investments they run.

Even with a stable source of income if you are into bitcoin for quick profit the possibilities of being in profit without holding for a long time is very slim and the risk of losing one asset is there .It is good for an investor to have a stable source of income for consistency in bitcoin accumulation however not having a stable source of income shouldn't stand as a hurdle for not investing in bitcoin or waiting for when your stream of income has increased.An investors can be investing in bitcoin an at the same time while working to stabilise his income flow

I think you should start investing rather than looking for quick profits from Bitcoin. It takes at least 4-10 years to complete your preparation for profit after investing in Bitcoin. During this period you should regularly keep all the necessary elements for accumulation Bitcoin based on your own discretion, such as strengthening alternative sources of income, backup fund for long-term investment and floating cash funds to prepare for bear markets and aggressive buying.
Your paragraph is right. An investor can be successful by working to keep his investment and income flow stable at the same time. Therefore he should focus on starting the investment with small amounts of dollars at the beginning  and than backup fund. In the following years, there is a possibility of getting a huge stash with gradual investment growth. But in the simple investment process of Bitcoin some people make a short sighted decision to sell Bitcoin in the hope of profit later. However those investors should start a process of quick profit after accumulating one or two cycles of Bitcoin and getting a reasonable portfolio. If he/she wishes.

[POPOLUV]

Having a stable income is very important because its help an investor not to dip hands in his investment in case of any unexpected expenses happens,with a stable income the investor will be able to take care of it but it shouldn't be the only criteria to sustains an investment. I believe they're some investors in Bitcoin that doesn't have a stable income and  yet they have been doing well in their holdings and haven't dip hands or tamper with their investments. An investor who doesn't have a stable income can still be using the little available funds at his disposal  whenever he has it to buy Bitcoin using DCA and can be still be accumulating at slow  pace in the way that it will not affect his financial status. Like for an instance,since the investor doesn't have a stable income and in other for him not to tamper with his investment when the unexpected happens, whenever he has an available cash no matter how little,he can just split it into three,one parts goes for his bitcoin investments,second for his Emergency funds and the third for his personal spending. With these the investor can Hodl longer without ever falling back to his investment since he hasn't yet secured a stable source of income.

By having a stable income, of course, we will be able to maintain the assets that we have invested and also continue to increase the investments that we run, but we must be able to manage our income well so as not to spend it on things we don't need so that when we experience emergency needs we still have funds that we can use for those needs and not take the assets that we have invested. When someone decides to divide the funds they have into three parts, of course this will be very good for them to be able to maintain the assets they have invested and if this can be done consistently, of course they will be able to make a profit from the investments they run.

Even with a stable source of income if you are into bitcoin for quick profit the possibilities of being in profit without holding for a long time is very slim and the risk of losing one asset is there .It is good for an investor to have a stable source of income for consistency in bitcoin accumulation however not having a stable source of income shouldn't stand as a hurdle for not investing in bitcoin or waiting for when your stream of income has increased.An investors can be investing in bitcoin an at the same time while working to stabilise his income flow

Surely, having a stable source of income is the best to way to still hold on long term but realistic here, some of the investors here are into Bitcoin because they think making money in Bitcoin is something that come fast, especially the newbies, i was very pleased the day i came across this thread, i know that this particular thread will surely changes some mindset of investors to always buy the dip and hold in a long cycle, and also having a stable soruce of income without keeping the emergency fund alongside with your stable soruce of income for it to accumulate together in case of the needs of emergency arisess so that you will not tempted to touch your income.

[Shadiq]

I think you should start investing rather than looking for quick profits from Bitcoin. It takes at least 4-10 years to complete your preparation for profit after investing in Bitcoin. During this period you should regularly keep all the necessary elements for accumulation Bitcoin based on your own discretion, such as strengthening alternative sources of income, backup fund for long-term investment and floating cash funds to prepare for bear markets and aggressive buying.
Your paragraph is right. An investor can be successful by working to keep his investment and income flow stable at the same time. Therefore he should focus on starting the investment with small amounts of dollars at the beginning  and than backup fund. In the following years, there is a possibility of getting a huge stash with gradual investment growth. But in the simple investment process of Bitcoin some people make a short sighted decision to sell Bitcoin in the hope of profit later. However those investors should start a process of quick profit after accumulating one or two cycles of Bitcoin and getting a reasonable portfolio. If he/she wishes.

In this case, your goal setting will play a big role. If your goal is 1 cycle or 2 cycles, then you can definitely take profit after achieving the goal if you want. However, the way you mentioned this in the opening line is very confusing.

Basically, we cannot interfere with the goal setting of any one person. Holding Bitcoin for 3 or 4 cycles would be commendable on my part. In this case, if your goal (one cycle or two cycles) is not very long-term, then it is not such a wrong step that you are taking. You can call 4 to 8 years a long-term investment. In this case, no one should have any hesitation in taking profit if your goal is achieved. However, no matter how long-term you plan, I think selling the entire portfolio after achieving the goal will not be the right step or it will not be very effective or fruitful. If you completely exhaust the wealth that you have earned through long-term hardship, you will definitely regret it later. Even if you take profits gradually instead of selling outright, you will continue to profit from it for a long time and your hard-earned wealth will never run out. Even if you can diversify your investments and create alternative investment areas, you will continue to profit from them, which will be fruitful for your next generation as well.

[ultrloa]

Having a stable income is very important because its help an investor not to dip hands in his investment in case of any unexpected expenses happens,with a stable income the investor will be able to take care of it but it shouldn't be the only criteria to sustains an investment. I believe they're some investors in Bitcoin that doesn't have a stable income and  yet they have been doing well in their holdings and haven't dip hands or tamper with their investments. An investor who doesn't have a stable income can still be using the little available funds at his disposal  whenever he has it to buy Bitcoin using DCA and can be still be accumulating at slow  pace in the way that it will not affect his financial status. Like for an instance,since the investor doesn't have a stable income and in other for him not to tamper with his investment when the unexpected happens, whenever he has an available cash no matter how little,he can just split it into three,one parts goes for his bitcoin investments,second for his Emergency funds and the third for his personal spending. With these the investor can Hodl longer without ever falling back to his investment since he hasn't yet secured a stable source of income.

By having a stable income, of course, we will be able to maintain the assets that we have invested and also continue to increase the investments that we run, but we must be able to manage our income well so as not to spend it on things we don't need so that when we experience emergency needs we still have funds that we can use for those needs and not take the assets that we have invested. When someone decides to divide the funds they have into three parts, of course this will be very good for them to be able to maintain the assets they have invested and if this can be done consistently, of course they will be able to make a profit from the investments they run.

Even with a stable source of income if you are into bitcoin for quick profit the possibilities of being in profit without holding for a long time is very slim and the risk of losing one asset is there .It is good for an investor to have a stable source of income for consistency in bitcoin accumulation however not having a stable source of income shouldn't stand as a hurdle for not investing in bitcoin or waiting for when your stream of income has increased.An investors can be investing in bitcoin an at the same time while working to stabilise his income flow

Dealing with quick profit scheme which commonly we see on trading is actually not stable. What actual happening in that scene is people quit on trading because they cannot take to lose a lot of money anymore.

That's why people sentiments change now and many are in favor choosing to HODL Bitcoin rather than riding with the hype and try their chance to have a quick flip on trading. People should not think about that if they don't have stable income they can't invest on Bitcoin. Because slow start better than nothing and for sure there would be some good changes on their finances if they are hard working type of person which provably can help them sustain their investment. What's important is consistency upon dealing with Bitcoin especially their will work hard  to increase their income since everything good situation will follow.

[Stormisover]

Having a stable income is very important because its help an investor not to dip hands in his investment in case of any unexpected expenses happens,with a stable income the investor will be able to take care of it but it shouldn't be the only criteria to sustains an investment. I believe they're some investors in Bitcoin that doesn't have a stable income and  yet they have been doing well in their holdings and haven't dip hands or tamper with their investments. An investor who doesn't have a stable income can still be using the little available funds at his disposal  whenever he has it to buy Bitcoin using DCA and can be still be accumulating at slow  pace in the way that it will not affect his financial status. Like for an instance,since the investor doesn't have a stable income and in other for him not to tamper with his investment when the unexpected happens, whenever he has an available cash no matter how little,he can just split it into three,one parts goes for his bitcoin investments,second for his Emergency funds and the third for his personal spending. With these the investor can Hodl longer without ever falling back to his investment since he hasn't yet secured a stable source of income.

By having a stable income, of course, we will be able to maintain the assets that we have invested and also continue to increase the investments that we run, but we must be able to manage our income well so as not to spend it on things we don't need so that when we experience emergency needs we still have funds that we can use for those needs and not take the assets that we have invested. When someone decides to divide the funds they have into three parts, of course this will be very good for them to be able to maintain the assets they have invested and if this can be done consistently, of course they will be able to make a profit from the investments they run.

Even with a stable source of income if you are into bitcoin for quick profit the possibilities of being in profit without holding for a long time is very slim and the risk of losing one asset is there .It is good for an investor to have a stable source of income for consistency in bitcoin accumulation however not having a stable source of income shouldn't stand as a hurdle for not investing in bitcoin or waiting for when your stream of income has increased.An investors can be investing in bitcoin an at the same time while working to stabilise his income flow

Surely, having a stable source of income is the best to way to still hold on long term but realistic here, some of the investors here are into Bitcoin because they think making money in Bitcoin is something that come fast, especially the newbies, i was very pleased the day i came across this thread, i know that this particular thread will surely changes some mindset of investors to always buy the dip and hold in a long cycle, and also having a stable soruce of income without keeping the emergency fund alongside with your stable soruce of income for it to accumulate together in case of the needs of emergency arisess so that you will not tempted to touch your income.

The thread don't only talk about buying the dip and hold, the majority of the emphasis is based on various strategies or processes through which an investor can maximize various opportunities of buying Bitcoin and increasing the size of their Bitcoin, buying the dip is part of it but not as a primary strategy and not every one emphasis on using the strategy because with their consistent DCAING they can still catch up buying on dips too, the three accumulation strategy I see that is being talked about here is the DCA, buy the dip, and lump sum and and making use of those strategy or combination depends on the investors choice and decision based on their finances, risk tolerance, investment goals and objectives.

[JayJuanGee]

Having a stable income is very important because its help an investor not to dip hands in his investment in case of any unexpected expenses happens,with a stable income the investor will be able to take care of it but it shouldn't be the only criteria to sustains an investment. I believe they're some investors in Bitcoin that doesn't have a stable income and  yet they have been doing well in their holdings and haven't dip hands or tamper with their investments. An investor who doesn't have a stable income can still be using the little available funds at his disposal  whenever he has it to buy Bitcoin using DCA and can be still be accumulating at slow  pace in the way that it will not affect his financial status. Like for an instance,since the investor doesn't have a stable income and in other for him not to tamper with his investment when the unexpected happens, whenever he has an available cash no matter how little,he can just split it into three,one parts goes for his bitcoin investments,second for his Emergency funds and the third for his personal spending. With these the investor can Hodl longer without ever falling back to his investment since he hasn't yet secured a stable source of income.

By having a stable income, of course, we will be able to maintain the assets that we have invested and also continue to increase the investments that we run, but we must be able to manage our income well so as not to spend it on things we don't need so that when we experience emergency needs we still have funds that we can use for those needs and not take the assets that we have invested. When someone decides to divide the funds they have into three parts, of course this will be very good for them to be able to maintain the assets they have invested and if this can be done consistently, of course they will be able to make a profit from the investments they run.

Many say that if we want to invest, use cold money so that if there is a decline at any time, we don't panic or sell at a loss because this often happens if a coin experiences a correction and people panic sell, if we have a permanent job we don't need to worry about selling the assets we invest in, I have a few tips that we must do before investing that I have applied at this time.
1. set aside money for daily needs
2. set aside money for emergencies
3. Invest with a ratio of 15/100 every month.
Don't always check your portfolio every time because it also greatly affects our mental health and thoughts.

If you think about the matter, any person who might choose to invest 15% per year into bitcoin would need right around 6.67 years for the amount of his bitcoin investment to have had reached 1 year of his salary, and so if bitcoin prices were to 10x from the amount that he had invested into bitcoin, then his portfolio would have reached fuck you status, based on spot price, yet it still may not have had reached fuck you status based on the 200-WMA.

Let's use your forum registration date, and let's presume that you started to invest into bitcoin at 15% of your income, and so if you make $35k per year, then $100 per week would be right around 15% since at that investment rate, you would end up investing around $5,200 per year.

So if you invested 7 years then you would have had invested $36,600, and you would have accumulated right around 7.6047 BTC  Maybe this is unfair, since I am presuming the possibility that you might have had stopped investing after 7 years (which would have had been August 2023), even though right now, from my formulas, you would still have an ability to withdraw around $34k per year from your investment since the 200-WMA value of your 7.6047 would be about $343k (and the spot price would be valued at $652k.

Yet if we were to presume that the accumulation of BTC had continued until today at the same $100 per week rate, then a bit more dollars would have had been invested for a total of $44,600 invested and 7.7535 BTC accumulated, which would thereby allow for a bit of a higher withdrawal rate of $35k per year, if a withdrawal were to begin today based on the 200-WMA value of nearly $350k. 

I understand that it can be quite difficult for normal people to invest into anything at rates that are higher than 10% per year, yet in recent times, I had been leaning on the idea that if a person were able to invest a whole year's salary into bitcoin over a period of 4 years, then he would be investing in the ballpark of 25% per year into bitcoin, so then in the case of your September 2016 starting date, then cramming such 1 year of salary investment into 4 years would have resulted in $170 per week and $35,530 over 4 years and nearly 12 BTC accumulated.

Of course, having 12 BTC right now would be better than having 7.6 BTC, especially since 12 BTC would allow for a withdrawal rate of $54.1k per year based on a 200-WMA value of $541k (and a spot price value of a bit more than $1 million).

I understand that there is a bit of a fantasy to consider that normal people are going to be able to invest 25% of their income into bitcoin over a period of 4 years, which surely we might be able to consider as a form of attempting to front load their bitcoin investment (to the extent that something like that might even be feasible for them and their situation), so there could be cases where guys are able to figure out such a way to be able to invest into bitcoin at that level of aggressiveness over a period of 4 years and to still be able to sufficiently provide for their monthly expenses.  There can be value in being aggressive from the beginning, so long as the guy does not end up overdoing his level of aggressiveness, since frequently many of us mention that a guy is ONLY able to be aggressive in his bitcoin investment after he has already established strong cashflow management practices that may well include an emergency fund of 3 months and also some other kinds of back up funds that might related to other expenses and/or other anticipated expenses, such as if the guy might be saving money to buy a computer, phone, car or to take his wife out to eat or to go on some short vacation.

For sure, we likely realize that past performance does not equal future performance, yet I still consider that guys choosing to invest aggressively into bitcoin for their first whole cycle, or perhaps a bit longer (depending on the level of aggressiveness that can be achievable) are having decently good chances of putting themselves into a good position to have options in the future, so maybe the first 4-6 years involve aggressive investing into bitcoin and then after reaching a certain level of BTC accumulation, the level of aggressiveness can be lessened.   Many folks are going to need more than 1-2 cycles of accumulating bitcoin (perhaps even fairly aggressively within their own budget) because most people are not going to be able to invest at a rate that as high as 25%, and most likely would be doing quite well if they are able to achieve an investment rate of 10% of their income going into bitcoin.

[Sim_card]

Having a stable income is very important because its help an investor not to dip hands in his investment in case of any unexpected expenses happens,with a stable income the investor will be able to take care of it but it shouldn't be the only criteria to sustains an investment. I believe they're some investors in Bitcoin that doesn't have a stable income and  yet they have been doing well in their holdings and haven't dip hands or tamper with their investments. An investor who doesn't have a stable income can still be using the little available funds at his disposal  whenever he has it to buy Bitcoin using DCA and can be still be accumulating at slow  pace in the way that it will not affect his financial status. Like for an instance,since the investor doesn't have a stable income and in other for him not to tamper with his investment when the unexpected happens, whenever he has an available cash no matter how little,he can just split it into three,one parts goes for his bitcoin investments,second for his Emergency funds and the third for his personal spending. With these the investor can Hodl longer without ever falling back to his investment since he hasn't yet secured a stable source of income.

By having a stable income, of course, we will be able to maintain the assets that we have invested and also continue to increase the investments that we run, but we must be able to manage our income well so as not to spend it on things we don't need so that when we experience emergency needs we still have funds that we can use for those needs and not take the assets that we have invested. When someone decides to divide the funds they have into three parts, of course this will be very good for them to be able to maintain the assets they have invested and if this can be done consistently, of course they will be able to make a profit from the investments they run.

Even with a stable source of income if you are into bitcoin for quick profit the possibilities of being in profit without holding for a long time is very slim and the risk of losing one asset is there .It is good for an investor to have a stable source of income for consistency in bitcoin accumulation however not having a stable source of income shouldn't stand as a hurdle for not investing in bitcoin or waiting for when your stream of income has increased.An investors can be investing in bitcoin an at the same time while working to stabilise his income flow

. Therefore he should focus on starting the investment with small amounts of dollars at the beginning  and than backup fund. In the following years, there is a possibility of getting a huge stash with gradual investment growth.

It's not compulsory for all new bitcoin investors to start with little amount of money as low as $10 in the beginning of their investments. Investors that should get started immediately with little amount of money are those who don't have large discretionary income or they have but are in doubt of bitcoin as a good place to throw some value in.

If you can start your bitcoin journey with $100, then get started. Those investors with large discretionary income can start their bitcoin investment with lump sum and then continue with their regular DCA every week to keep their bitcoin investment ongoing, persistently and consistently. Also they have enough flexibility to invest aggressively. Let's not misunderstand the concept on how to invest and our aim of investing.

The aim of investing is to accumulate as many bitcoin as we can with our discretionary income for 4-10 years and above, and also to try and invest aggressively if we can so that we can reach our bitcoin target fast. It's better to invest aggressively if you can in the beginning with DCA in a fast pace than invest in a whimpy way when you can buy aggressively.

[JayJuanGee]

It's better to invest aggressively if you can in the beginning with DCA in a fast pace than invest in a whimpy way when you can buy aggressively.

Even though many of us suggest that a person should attempt to invest as aggressively ast they are able to without recking themselves, each person has to figure out and choose his level of aggressiveness in terms of his conviction towards bitcoin.  It surely is better to invest whimpily rather than not investing at all, yet the extent to which someone chooses to be whimpy or aggressive in their bitcoin investment might come back to a variety of factors related to their own personal comforts with bitcoin as compared with other possible places to put their investment and also their abilities to defer gratifications.. since some folks have difficulties cutting back on their spending.

Surely if bitcoin ends up continuing  to perform well, there will be folks who invested whimpily who will regret to to their having had not invested into bitcoin more aggressively, so if we spend 10 years or more investing into bitcoin, we can not turn back the clock and wished that we would have had been prioritizing our bitcoin investment more than we had done in the earlier times of our investment into it.   

So surely a guy who had been investing $100 per week into bitcoin would end up having 10x more bitcoin than the guy investing $10 per week into bitcoin, yet there can still be questions regarding how he chose to use the other $90 per week that he was not investing into bitcoin.  It is difficult to attempt to set priorities for someone else, even though we may well know that each of us is responsible for our actions including knowing that there are likely varying consequences for whatever actions we choose to take or not to take.... and sometimes we may well not even realize that we had been too aggressive or too whimpy in our bitcoin accumulation approach until some later point down the road... perhaps many years later.

[Derekfunds]

Having a stable income is very important because its help an investor not to dip hands in his investment in case of any unexpected expenses happens,with a stable income the investor will be able to take care of it but it shouldn't be the only criteria to sustains an investment. I believe they're some investors in Bitcoin that doesn't have a stable income and  yet they have been doing well in their holdings and haven't dip hands or tamper with their investments. An investor who doesn't have a stable income can still be using the little available funds at his disposal  whenever he has it to buy Bitcoin using DCA and can be still be accumulating at slow  pace in the way that it will not affect his financial status. Like for an instance,since the investor doesn't have a stable income and in other for him not to tamper with his investment when the unexpected happens, whenever he has an available cash no matter how little,he can just split it into three,one parts goes for his bitcoin investments,second for his Emergency funds and the third for his personal spending. With these the investor can Hodl longer without ever falling back to his investment since he hasn't yet secured a stable source of income.

By having a stable income, of course, we will be able to maintain the assets that we have invested and also continue to increase the investments that we run, but we must be able to manage our income well so as not to spend it on things we don't need so that when we experience emergency needs we still have funds that we can use for those needs and not take the assets that we have invested. When someone decides to divide the funds they have into three parts, of course this will be very good for them to be able to maintain the assets they have invested and if this can be done consistently, of course they will be able to make a profit from the investments they run.

Even with a stable source of income if you are into bitcoin for quick profit the possibilities of being in profit without holding for a long time is very slim and the risk of losing one asset is there .It is good for an investor to have a stable source of income for consistency in bitcoin accumulation however not having a stable source of income shouldn't stand as a hurdle for not investing in bitcoin or waiting for when your stream of income has increased.An investors can be investing in bitcoin an at the same time while working to stabilise his income flow

Surely, having a stable source of income is the best to way to still hold on long term but realistic here, some of the investors here are into Bitcoin because they think making money in Bitcoin is something that come fast, especially the newbies, i was very pleased the day i came across this thread, i know that this particular thread will surely changes some mindset of investors to always buy the dip and hold in a long cycle, and also having a stable soruce of income without keeping the emergency fund alongside with your stable soruce of income for it to accumulate together in case of the needs of emergency arisess so that you will not tempted to touch your income.

Having a stable source of income is not the only thing that will make an invest hold for long term there are others things that is attached to been able to hold for a long term  which are, good management skill, patient, determination and some others. Now if an investor has a stable source of income and doesn't have a good management skill, that Investor will squander his money and even the discretionary will not be kept because the ability to keep his or her discretionary, emergency funds etc will not be there that is he or she won't consider them and again even if and investor has a good management skill and he or she is not patient the investment will still crash because he will be tempted to sell off.