Buy the DIP, and HODL!

[Tamaperdana]

Emergency fund is needed only after starting investment, that is why emergency fund is needed where you can continue investing Bitcoin regularly on a weekly basis. Investing Bitcoin according to the DCA method will allow you to buy Bitcoin regularly and you will also be able to hold it for a long time.
If you spend time in illness, then you may refrain from investing because you may not have money saved, then you can invest Bitcoin from emergency fund. Regular DCA method will be followed to deal with danger and to sustain Bitcoin investment for a long time.

Whether you invest or not, you need to have an emergency
It is never right to invest with emergency funds. If you get sick and do not have money to invest, then you can stop investing for a few days, but it is not right to invest with emergency funds. Emergency funds are not always right to take money, when you do not have any money other than emergency funds, you can use emergency funds if you want.

As a Bitcoin investor that really have the intention of being successful in your investment, you really have to know that having an emergency funds is a must, because that's what protect your Bitcoin holdings from any unforseen real life emergencies that may threatens your bitcoin holdings, that's why it should never be tempered with unless their is a serious emergency situation that threatens your bitcoin holdings.
Do not forget that the emergency funds stands as the last layer of protection of your Bitcoin holdings, so if your emergency funds is not there, your Bitcoin holdings is at a risk of being tempered with if any unforseen emergencies arises, so even a cent of our emergency funds should not be used for anything else, except what it's programmed for.

In investing, we must be able to think clearly, so don't let investing make us forget everything. Although it is true that investing in bitcoin using the DCA strategy is very good because our accumulation time is organized. But don't let it be that when an emergency like being sick we force ourselves to accumulate. Because you need to know, when you are sick it costs a lot, especially if you are hospitalized. So at times like that, not accumulating money against bitcoin is also not a problem. Because basically we have to invest in bitcoin using discretionary income, while in an emergency our discretionary income may not be there at all because of medical expenses. So at this point it is wiser to invest, don't be too ambitious, because too much ambition can also destroy you. Moreover, to the point of using emergency funds to invest in bitcoin, I think bitcoin investors who do this don't think about their lives at all. Because people like that definitely think that they will never experience an emergency. In fact, emergencies can come at any time. So basically don't make investing in bitcoin a bad thing because of our ego. So invest in bitcoin as much as you can and reasonably.

[asarfiar]

DCA method is an investment method through which you can buy Bitcoin at any time at any price. DCA method never helps you to hold your holdings long-term. Holding it long-term depends entirely on you.

Yes long term holding requires long term planning. There are many people who bought bitcoins using DCA method but could not hold them for a long time, it is seen that many panic and sell them. DCA strategy is the way to slowly accumulate bitcoins and DCA strategy is the way to buy bitcoins at an average price. So long term planning is required to hold long term investment, no one can succeed without planning. Before doing any work we need to plan, if you can't hold long term then investing in Bitcoin is not for you, because short term investment can lead to loss instead of profit.

DCA strategy is a popular strategy. This strategy is for those who are new or who want to invest for the long term. Investing in this method keeps you safe from the volatility of the Bitcoin market. By adopting this method, you can invest a certain amount in Bitcoin regularly. This method helps you invest safely regardless of the market price.

Of course, it is advisable to have a plan before making a long-term investment. If you do not plan properly, your long-term investment will not be able to perform. And short-term investment will not give you good returns, because Bitcoin is a long-term investment method. So I agree with you that long-term investment requires proper planning.

[avp2306]

DCA method is an investment method through which you can buy Bitcoin at any time at any price. DCA method never helps you to hold your holdings long-term. Holding it long-term depends entirely on you.

Yes long term holding requires long term planning. There are many people who bought bitcoins using DCA method but could not hold them for a long time, it is seen that many panic and sell them. DCA strategy is the way to slowly accumulate bitcoins and DCA strategy is the way to buy bitcoins at an average price. So long term planning is required to hold long term investment, no one can succeed without planning. Before doing any work we need to plan, if you can't hold long term then investing in Bitcoin is not for you, because short term investment can lead to loss instead of profit.

Maybe they get panic its because they still don't understand on what they are doing.

Long term holding is serious commitment that's why people need to understand the risk first on what they are doing and then prepare to have good cash flow to spend since this is important if they want to engage with Bitcoin since if they have sustainable income and could have lots of discretionary income to spend then provably that their chance to succeed is high and they can ignore those any potential threats that will just disturb them.

They are just one step to get broke if they engage on short term investment and there's good chance that they lose their money on recent massive liquidation happened recently read this one https://cryptonews.com/news/over-1b-liquidated-in-24-hours-as-bitcoin-crashes-3-percent-worst-day-june-whats-happening/ That's why its better to be a holder rather than joining those people got panic and liquidated by sudden market shift.

[Silikiem]

Whether you invest or not, you need to have an emergency fund
It is never right to invest with emergency funds. If you get sick and do not have money to invest, then you can stop investing for a few days, but it is not right to invest with emergency funds. Emergency funds are not always right to take money, when you do not have any money other than emergency funds, you can use emergency funds if you want.

As a Bitcoin investor that really have the intention of being successful in your investment, you really have to know that having an emergency funds is a must, because that's what protect your Bitcoin holdings from any unforseen real life emergencies that may threatens your bitcoin holdings, that's why it should never be tempered with unless their is a serious emergency situation that threatens your bitcoin holdings.
Do not forget that the emergency funds stands as the last layer of protection of your Bitcoin holdings, so if your emergency funds is not there, your Bitcoin holdings is at a risk of being tempered with if any unforseen emergencies arises, so even a cent of our emergency funds should not be used for anything else, except what it's programmed for.

So true, I think I agree with your statement regarding the emergency funds which shouldn’t be tempered with no matter what, not even a cent of it should be used for anything else other than what it is meant for. Unlike the previous commenter who said, “if you don’t have any other money other than your emergency funds, then you can use it”.which doesn’t go well with me because as a bitcoin investor you need a proper cash flow management strategy if you really want to be successful, and being able to know what to do with your emergency funds or not is part of the right cash flow management strategy. The emergency funds should not be used for your bitcoin investment or accumulations, your emergency funds which should be able to cover at least 3 to 6 months of your financial expenses should be able to take care of your medical bills, payment of your utility bills and other financial obligations and not to be used for your bitcoin accumulation.

[Jostern]

I largely agree to most of what you said here because a Bitcoin investor should only be thinking of investing in Bitcoin true his discretionary income, any money used to invest in Bitcoin outside his discretionary income spell trouble for the longevity of his Bitcoin holdings.
If an individual feels like investing aggressively in Bitcoin, it should only be done from his reserve funds not from the money meant to take care of his basic needs or his emergency funds.

Actually, if the path is investment, of course the capital specifically to run the investment must be there and prepared from the start so that it can be used immediately for that, especially if what you want to buy is Bitcoin where investors will be much better if they can buy it earlier. And for smart investors, I think they will make their own sorting of their money when they want to do something bigger in the long term such as investing in Bitcoin so that the funds that are sorted will really be used for one purpose only and will not be mixed with others because other sectors are also prepared specifically by themselves.

Newbies gets very excited when they hear that Bitcoin is a very profitable investment, they will be so much in a hurry to get started that they will ignore important tips like not using money meant for their day to day needs to buy Bitcoin. Most often it ends up in regrets because sooner or later the need for the fund will arise and they will be pushed to sell prematurely if there's no other sources to raise the money that they need.

It makes no sense in engaging in what your income cannot sustain and that is why with my experience I keep advising newbie investors to understand financial management first so that they can have realistic budget for their income. Bitcoin investment is a secondary need and if their is no provision for secondary expenses they should shelve the idea and focus on increasing their income first.

Most people who are coming into Bitcoin now are more profits oriented, it's a common fact that they want to make money and they just don't want to make money, but they want to just get rich in a twinkle of an eye, that is why they tends to ignore the little details in terms of making an investment, because I absolutely don't understand what will make someone who wants to invest to use money that is meant for expenses and paying bills to invest that is a wrong and bad decision to invest.
Investing in Bitcoin just requires simple logic and understand how to be able to invest and also most importantly how to continue accumulating and sustaining your investment and also understand the little details and Strategies that has to deal with financial management and good sustainable practice that will help to build a successful, having a source of income is crucial but knowing how to invest with DCA using discretionary funds is also important for some who is pleb and low coiner or no coiner whose interest is to invest and hodl.

[gracreavix]

Emergency fund is needed only after starting investment, that is why emergency fund is needed where you can continue investing Bitcoin regularly on a weekly basis. Investing Bitcoin according to the DCA method will allow you to buy Bitcoin regularly and you will also be able to hold it for a long time.
If you spend time in illness, then you may refrain from investing because you may not have money saved, then you can invest Bitcoin from emergency fund. Regular DCA method will be followed to deal with danger and to sustain Bitcoin investment for a long time.

Whether you invest or not, you need to have an emergency fund. You never know when you will have a financial crisis. You never know when you will fall into the middle of a financial disaster, so it is necessary to have an emergency fund to deal with this financial disaster.

DCA method is an investment method through which you can buy Bitcoin at any time at any price. DCA method never helps you to hold your holdings long-term. Holding it long-term depends entirely on you.

It is never right to invest with emergency funds. If you get sick and do not have money to invest, then you can stop investing for a few days, but it is not right to invest with emergency funds. Emergency funds are not always right to take money, when you do not have any money other than emergency funds, you can use emergency funds if you want.

It is a solid point, especially when it comes to not using emergency funds to invest in Bitcoin. Many people don’t realize how quickly life can change unexpected medical bills, job loss, or family issues. If all the money is locked into Bitcoin with nothing set aside, it could lead to being forced to sell during a bad moment, which is never ideal.

You’re also right about DCA. it’s simply a method to keep buying Bitcoin consistently, regardless of the price. But holding it long term depends fully on you. The whole initiative is long term holding and accumulation, and that depends entirely on discipline, mindset, and belief in what is being held.

Even if Bitcoin buys are paused for a while due to financial difficulties, that’s completely fine. What matters most is protecting the foundation. Bitcoin will always present another opportunity, but if you lose your emergency fund, bouncing back from that is way harder.

[Proty]

There is a wrong impression to suggest that any investor has to get his shit together prior to getting started investing into bitcoin, since it is quite likely that investors into bitcoin are going to learn and make tweaks along the way, and surely there could be some guys who come to bitcoin investment with a lot of messes in their financial and even their psychological life, yet they can still get started investing into bitcoin and also attempting to improve their financial and/or psychological matters, including working on and fixing (and strengthening) their cashflow systems and practices... and for sure, frequently I suggest that they give consideration to their 9 personal factors, while at the same time, I surely am not suggesting that they need to have all or any of their 9 personal factors in a good place in order to start investing in bitcoin as long as they have determined that they at least have met the minimum requirement of having some discretionary income that allows them to make their first BTC purchase, whether that is $10, $100 or some other amount and whether they continue to invest every week or no

perfectly said, it is not a good idea for one to be waiting to have a stable income or when his cash flow is perfectly okay before they can start investing in bitcoin. so if everyone is waiting for their cashflow to be perfectly okay before they would start investing in bitcoin majority may never start at all .one can start investing with as low as $10 and make adjustments whenever there is an increase in cashflow. Be it $5, $30 and $100 per month, it will be a brilliant idea to start small than to be waiting for one finances or cashflow to be improved.As you said, so long as the individual is investing using his discretionary income, even if the discretionary income is small he heading towards the right path so long as he is investing . people should always learn to appreciate the importance of small beginnings.

[JayJuanGee]

[edited out]

There is no specific time, that when an emergency situation will come in our daily life, an emergency can always come at any time unexpectedly, so you should always be prepared for such a situation. The emergency fund that you prepare for the safety of Bitcoin cannot be used for anything else, be steadfast in any decision, use it only for the purpose for which you have prepared the emergency fund. If you spend your emergency fund on something else today, and if you have to face an emergency tomorrow, how will you deal with it? Then in that case you will ultimately have to sell your Bitcoin holding. Which can definitely cause a loss, so removing the emergency fund means putting your Bitcoin holding at risk, which can cause a huge loss.

I like to characterize emergency funds as the last funding pool that a guy has before he has to tap into his bitcoin, and surely a guy may well be avoiding tapping into his bitcoin, especially in his earliest years of building his holdings.

For me, we tap into any extra funds that we have when our expenses exceed our income, and surely some kinds of expenses will have higher priority, and perhaps if it is a low priority expense we might be able to either completely not incur it or perhaps we could defer it until after we get paid.

Emergencies do not have to be dire and/or dramatic things, and surely some guys will put themselves into their own emergency situations based on their poor management of their cashflow and/or their various cash cushions.. so surely sometimes we might consider that we might be able to get away with spending down our various cash funds, and we might even calculate our spending based on the date that we are getting paid, and it might ONLY be a few days into the future, but then if we end up miscalculating the amounts, and then we also forget about an expense that we have (for example, a utility bill comes in, and we forgot about it, and usually it is $200 rather than the usual $50) and part of the problem might have had been that we had missed one or two payments, and we had not realized, and if we don't pay it within 2 days, then we have to experience another $100 reconnection fee (since the utility company already is scheduled to shut it off), and so even though our pay is supposed to come in, we had spent most of our reserve monies because bitcoin had dipped or some other reason that we thought was reasonable, but then maybe there is an issue with our pay, and it does not come in, and we are told that our pay is going to come in within one or two weeks (after it was already supposed to arrive).. and sure the running out of money can end up having various snowballing effects that go even further and further, and perhaps our own mismanagement caused the situation to become an emergency.

Many of us likely know people who seem to always be suffering emergencies, and part of the reason for their several and ongoing emergencies likely relates to their poor cashflow management practices (they may even have the skills, but they don't exercise enough common sense and perhaps they have some difficulties to control their spending when they need to keep some of their money for various expenses, including some of their expenses that might vary from month to month (such as utilities, food, transportation costs), .. and maybe even from time to time they have a car/motorcycle break down or they have a computer or a phone that stops working, which causes its own stresses and perhaps additional expenses.

DCA method is an investment method through which you can buy Bitcoin at any time at any price. DCA method never helps you to hold your holdings long-term. Holding it long-term depends entirely on you.

Yes long term holding requires long term planning. There are many people who bought bitcoins using DCA method but could not hold them for a long time, it is seen that many panic and sell them. DCA strategy is the way to slowly accumulate bitcoins and DCA strategy is the way to buy bitcoins at an average price. So long term planning is required to hold long term investment, no one can succeed without planning. Before doing any work we need to plan, if you can't hold long term then investing in Bitcoin is not for you, because short term investment can lead to loss instead of profit.

Maybe they get panic its because they still don't understand on what they are doing.
Long term holding is serious commitment that's why people need to understand the risk first on what they are doing and then prepare to have good cash flow to spend since this is important if they want to engage with Bitcoin since if they have sustainable income and could have lots of discretionary income to spend then provably that their chance to succeed is high and they can ignore those any potential threats that will just disturb them.

They are just one step to get broke if they engage on short term investment and there's good chance that they lose their money on recent massive liquidation happened recently read this one https://cryptonews.com/news/over-1b-liquidated-in-24-hours-as-bitcoin-crashes-3-percent-worst-day-june-whats-happening/ That's why its better to be a holder rather than joining those people got panic and liquidated by sudden market shift.

Of course, guys get liquidated when they are playing around with leverage or margin, and guys who are just regularly buying bitcoin do not get liquidated, unless they liquidate themselves by selling.  Many times if we are just ongoingly buying bitcoin for 4 years and beyond, then by the time we get to 4 years investing, then our cost per BTC is likely at some price point similar to the 200-WMA.. which would be a good place to be. .and yeah, we still might want to continue to buy regularly in the event that we do not have enough bitcoin or more than enough bitcoin.

[Churchillvv]

Of course, guys get liquidated when they are playing around with leverage or margin, and guys who are just regularly buying bitcoin do not get liquidated, unless they liquidate themselves by selling.  Many times if we are just ongoingly buying bitcoin for 4 years and beyond, then by the time we get to 4 years investing, then our cost per BTC is likely at some price point similar to the 200-WMA.. which would be a good place to be. .and yeah, we still might want to continue to buy regularly in the event that we do not have enough bitcoin or more than enough bitcoin.

Of course buying is now endless as even though who have enough in there portfolio keeps stacking up, the common guys wouldn't want to stop too as it's now a life long investment. Not even sure the world enough is going to exist in bitcoin is accumulation is never enough for anyone not even me. if one ever stay in bitcoin for four years buying regardless of the amount items more likely that the urge to buy more will set in after the four years it's more like a norm now.

[Sticky Bomb]

DCA method is an investment method through which you can buy Bitcoin at any time at any price. DCA method never helps you to hold your holdings long-term. Holding it long-term depends entirely on you.

Most times, when you do more of the right thing and channel your energy to a positive course and remain consistent in it, the chances of entertaining the wrong mindset is slim since you're mentally rooted in the right path.

For someone really dedicated to consistency and commitment in their accumulation journey and focused on his accumulation target and holding period, there is a high chance that it would help him to be mentally attracted to buying and having little consideration(if at all) for selling. When you are focused on buying bitcoin consistently, you would be on the lookout for ways to increase your aggressiveness in order to secure a heavier portfolio and it would really help not to consider selling as an option on a short-term period.

[JayJuanGee]

Of course, guys get liquidated when they are playing around with leverage or margin, and guys who are just regularly buying bitcoin do not get liquidated, unless they liquidate themselves by selling.  Many times if we are just ongoingly buying bitcoin for 4 years and beyond, then by the time we get to 4 years investing, then our cost per BTC is likely at some price point similar to the 200-WMA.. which would be a good place to be. .and yeah, we still might want to continue to buy regularly in the event that we do not have enough bitcoin or more than enough bitcoin.

Of course buying is now endless as even though who have enough in there portfolio keeps stacking up, the common guys wouldn't want to stop too as it's now a life long investment. Not even sure the world enough is going to exist in bitcoin is accumulation is never enough for anyone not even me. if one ever stay in bitcoin for four years buying regardless of the amount items more likely that the urge to buy more will set in after the four years it's more like a norm now.

I am pretty sure that we had this conversation previously, so maybe I am repeating myself - yet it could well be that your youth might be contributing to a bit of obscurity and even difficulties to imagine how a person could get enough or more than enough bitcoin in order to be able to thereafter be able to live off of his bitcoin at his target income level.

I have given several examples in the past, and perhaps the guy with a $30k per year income is a goodf example, and surely if he had been stacking away 15% to 30% of his income for the past 1-2 cycles, then surely he would have had been making decently good progress towards having enough bitcoin or more than enough bitcoin. ..and let's start with the extreme of stacking 30% of his income for 2 cycles ($175 per week and $9k per year), that would have resulted in $73k invested and 7.18 BTC accumulated.

Arguably right now, 7.18 BTC would be enough for him to live off of his bitcoin at a rate of $35k per year, and sure maybe he might feel that he needs to spend another couple of years accumulating bitcoin since he might not be happy with a mere $35k per year of passive income.. and perhaps he would rather aim to live off of something between $60k and $70k rather than his current $30k income. There is some latitude in terms of a guy considering that he has enough bitcoin or more than enough bitcoin.

Of course, if the guy had started investing in bitcoin a little bit earlier (such as 2 years earlier), then he would be even further along in his bitcoin accumulation, and likely it would become more clear that he has achieved a status of having enough or more than enough bitcoin. If he started investing merely $100 per week 10 years ago, he would have had invested a bit over $52k, yet he would have had accumulated about 30 BTC.  30BTC is 4x more bitcoin, merely based on 2 additional years of BTC accumulation and he would not have had invested as much, either.

It seems to me that currently, 30 BTC would have the ability to support around a $145k per year salary, which surely is nearly 5x his current salary, so it would be difficult to argue that he believes that he does not have enough or more than enough based on his already existing lifestyle and his financial ability to increase his standard of living by 5x.  

And, for sure with any of these transitions from stages of bitcoin accumulation to bitcoin stash maintenance to some potential plan of sustainable withdrawal there are calculations involved and making sure that there is enough bitcoin or more than enough in order to achieve either what standard of living that you want, or improved standard of living and/or considerations in regards to any other goals that might be added.

[jems]

DCA method is an investment method through which you can buy Bitcoin at any time at any price. DCA method never helps you to hold your holdings long-term. Holding it long-term depends entirely on you.

Yes long term holding requires long term planning. There are many people who bought bitcoins using DCA method but could not hold them for a long time, it is seen that many panic and sell them. DCA strategy is the way to slowly accumulate bitcoins and DCA strategy is the way to buy bitcoins at an average price. So long term planning is required to hold long term investment, no one can succeed without planning. Before doing any work we need to plan, if you can't hold long term then investing in Bitcoin is not for you, because short term investment can lead to loss instead of profit.

Maybe they get panic its because they still don't understand on what they are doing.
Long term holding is serious commitment that's why people need to understand the risk first on what they are doing and then prepare to have good cash flow to spend since this is important if they want to engage with Bitcoin since if they have sustainable income and could have lots of discretionary income to spend then provably that their chance to succeed is high and they can ignore those any potential threats that will just disturb them.

They are just one step to get broke if they engage on short term investment and there's good chance that they lose their money on recent massive liquidation happened recently read this one https://cryptonews.com/news/over-1b-liquidated-in-24-hours-as-bitcoin-crashes-3-percent-worst-day-june-whats-happening/ That's why its better to be a holder rather than joining those people got panic and liquidated by sudden market shift.

Of course, guys get liquidated when they are playing around with leverage or margin, and guys who are just regularly buying bitcoin do not get liquidated, unless they liquidate themselves by selling.  Many times if we are just ongoingly buying bitcoin for 4 years and beyond, then by the time we get to 4 years investing, then our cost per BTC is likely at some price point similar to the 200-WMA.. which would be a good place to be. .and yeah, we still might want to continue to buy regularly in the event that we do not have enough bitcoin or more than enough bitcoin.

There is no doubt that making Bitcoin investments with the DCA method consistently over a long period of time is likely to generate a lot of profit, especially for the next 4 years.

will not be liquidated if we are consistent with the plan that we have set from the beginning, but the problem faced is the difficulty in maintaining consistency in what we do because of the many reasons, both falling market prices causing panic or real-life problems that prevent us from being able to continue to consistently make Bitcoin purchases regularly, the rest is nothing, if we can be consistent then I am quite sure there will be quite a lot of profit that we can get in the future.

[JayJuanGee]

DCA method is an investment method through which you can buy Bitcoin at any time at any price. DCA method never helps you to hold your holdings long-term. Holding it long-term depends entirely on you.

Yes long term holding requires long term planning. There are many people who bought bitcoins using DCA method but could not hold them for a long time, it is seen that many panic and sell them. DCA strategy is the way to slowly accumulate bitcoins and DCA strategy is the way to buy bitcoins at an average price. So long term planning is required to hold long term investment, no one can succeed without planning. Before doing any work we need to plan, if you can't hold long term then investing in Bitcoin is not for you, because short term investment can lead to loss instead of profit.

Maybe they get panic its because they still don't understand on what they are doing.
Long term holding is serious commitment that's why people need to understand the risk first on what they are doing and then prepare to have good cash flow to spend since this is important if they want to engage with Bitcoin since if they have sustainable income and could have lots of discretionary income to spend then provably that their chance to succeed is high and they can ignore those any potential threats that will just disturb them.

They are just one step to get broke if they engage on short term investment and there's good chance that they lose their money on recent massive liquidation happened recently read this one https://cryptonews.com/news/over-1b-liquidated-in-24-hours-as-bitcoin-crashes-3-percent-worst-day-june-whats-happening/ That's why its better to be a holder rather than joining those people got panic and liquidated by sudden market shift.

Of course, guys get liquidated when they are playing around with leverage or margin, and guys who are just regularly buying bitcoin do not get liquidated, unless they liquidate themselves by selling.  Many times if we are just ongoingly buying bitcoin for 4 years and beyond, then by the time we get to 4 years investing, then our cost per BTC is likely at some price point similar to the 200-WMA.. which would be a good place to be. .and yeah, we still might want to continue to buy regularly in the event that we do not have enough bitcoin or more than enough bitcoin.

There is no doubt that making Bitcoin investments with the DCA method consistently over a long period of time is likely to generate a lot of profit, especially for the next 4 years.

will not be liquidated if we are consistent with the plan that we have set from the beginning, but the problem faced is the difficulty in maintaining consistency in what we do because of the many reasons, both falling market prices causing panic or real-life problems that prevent us from being able to continue to consistently make Bitcoin purchases regularly, the rest is nothing, if we can be consistent then I am quite sure there will be quite a lot of profit that we can get in the future.

Of course, if we have troubles being consistent within our ongoing bitcoin accumulation the short term, then we just should be attempting to spend more time working on various aspects of our own personal income and/or cashflow management circumstances to be able to allow investing in bitcoin within our discretionary income - while hopefully not getting too caught up upon bitcoin prices when we are admittedly in our earliest of stages of bitcoin accumulation.

Surely, you have been registered on the forum for over  years since early 2017, so you may have had times that you had not been able to accumulate bitcoin, yet you still have to figure out from now rather than allowing any of your bitcoin accumulation short-falls of the past affect your current actions, which may well mean that if you did not accumulate bitcoin during various periods in the past and you have not been able to make meaningful progress towards reaching great bitcoin accumulation, then you may well need to start from today as if you were a beginner rather than someone who had already had  years to accumulate bitcoin.  many of us make mistakes, yet we still can figure out our actions and act from today to improve  both our bitcoin accumulation practices and improve our cashflow management systems and practices.

[Merit.s]

DCA method is an investment method through which you can buy Bitcoin at any time at any price. DCA method never helps you to hold your holdings long-term. Holding it long-term depends entirely on you.

Yes long term holding requires long term planning. There are many people who bought bitcoins using DCA method but could not hold them for a long time, it is seen that many panic and sell them. DCA strategy is the way to slowly accumulate bitcoins and DCA strategy is the way to buy bitcoins at an average price. So long term planning is required to hold long term investment, no one can succeed without planning. Before doing any work we need to plan, if you can't hold long term then investing in Bitcoin is not for you, because short term investment can lead to loss instead of profit.

Maybe they get panic its because they still don't understand on what they are doing.
Long term holding is serious commitment that's why people need to understand the risk first on what they are doing and then prepare to have good cash flow to spend since this is important if they want to engage with Bitcoin since if they have sustainable income and could have lots of discretionary income to spend then provably that their chance to succeed is high and they can ignore those any potential threats that will just disturb them.

They are just one step to get broke if they engage on short term investment and there's good chance that they lose their money on recent massive liquidation happened recently read this one https://cryptonews.com/news/over-1b-liquidated-in-24-hours-as-bitcoin-crashes-3-percent-worst-day-june-whats-happening/ That's why its better to be a holder rather than joining those people got panic and liquidated by sudden market shift.

Of course, guys get liquidated when they are playing around with leverage or margin, and guys who are just regularly buying bitcoin do not get liquidated, unless they liquidate themselves by selling.  Many times if we are just ongoingly buying bitcoin for 4 years and beyond, then by the time we get to 4 years investing, then our cost per BTC is likely at some price point similar to the 200-WMA.. which would be a good place to be. .and yeah, we still might want to continue to buy regularly in the event that we do not have enough bitcoin or more than enough bitcoin.

There is no doubt that making Bitcoin investments with the DCA method consistently over a long period of time is likely to generate a lot of profit, especially for the next 4 years.

will not be liquidated if we are consistent with the plan that we have set from the beginning, but the problem faced is the difficulty in maintaining consistency in what we do because of the many reasons, both falling market prices causing panic or real-life problems that prevent us from being able to continue to consistently make Bitcoin purchases regularly, the rest is nothing, if we can be consistent then I am quite sure there will be quite a lot of profit that we can get in the future.

It's good that any new investor which make proper plan by figuring out how much of his discretionary income that he will use to invest into bitcoin without stressing his finance so that he can use that amount to constantly buy bitcoin every week/month regularly for 4-10 years and above with DCA. This will prevent you from selling your bitcoin too early and hodli for long because you wouldn't bother about what is happening in the market. It will also prevent you from panic to the point of you selling your bitcoin.

Also, when you have started your bitcoin investment, it's good that you set up an emergency funds of at least three months of your income to take care of real emergency that will play out during your accumulation stage so that you don't use sell your bitcoin for real life emergency sake. Cash inflow management is good because it will make you do things the right way. If you don't set up an emergency funds when investing into bitcoin or you use more than your discretionary income to invest into bitcoin is when you will panic and sell at loss.

Discipline and patience also plays a major role in a long-term bitcoin investment.

[Tonimez]

[Edited out]

There is no doubt that making Bitcoin investments with the DCA method consistently over a long period of time is likely to generate a lot of profit, especially for the next 4 years.

will not be liquidated if we are consistent with the plan that we have set from the beginning, but the problem faced is the difficulty in maintaining consistency in what we do because of the many reasons, both falling market prices causing panic or real-life problems that prevent us from being able to continue to consistently make Bitcoin purchases regularly, the rest is nothing, if we can be consistent then I am quite sure there will be quite a lot of profit that we can get in the future.

There's absolutely no much difficulty in being consistent with your bitcoin accumulation so long as your basic income keeps coming in. Anyone who has understood bitcoin investment won't also panic over market shifts due to bitcoin volatility. Panic sellers on the other hand may have been Traders masked as bitcoin investors. Whichever way, understanding bitcoin investment is the first most necessary step any investor has to take before getting into bitcoin accumulation.

The DCA method has made bitcoin investment much simpler and less stressful. Continuous accumulation could give you an amount of bitcoin you may not imagine within a period of 4 years and beyond. To safeguard your asset, you also need to build your emergency funds and back up funds very strictly as that's the only cushion you have for your investments. Also taking care of your daily responsibilities would also help you keep a good mind and discipline over your investments.

[Tungbulu]

DCA method is an investment method through which you can buy Bitcoin at any time at any price. DCA method never helps you to hold your holdings long-term. Holding it long-term depends entirely on you.

Yes long term holding requires long term planning. There are many people who bought bitcoins using DCA method but could not hold them for a long time, it is seen that many panic and sell them. DCA strategy is the way to slowly accumulate bitcoins and DCA strategy is the way to buy bitcoins at an average price. So long term planning is required to hold long term investment, no one can succeed without planning. Before doing any work we need to plan, if you can't hold long term then investing in Bitcoin is not for you, because short term investment can lead to loss instead of profit.

Maybe they get panic its because they still don't understand on what they are doing.
Long term holding is serious commitment that's why people need to understand the risk first on what they are doing and then prepare to have good cash flow to spend since this is important if they want to engage with Bitcoin since if they have sustainable income and could have lots of discretionary income to spend then provably that their chance to succeed is high and they can ignore those any potential threats that will just disturb them.

They are just one step to get broke if they engage on short term investment and there's good chance that they lose their money on recent massive liquidation happened recently read this one https://cryptonews.com/news/over-1b-liquidated-in-24-hours-as-bitcoin-crashes-3-percent-worst-day-june-whats-happening/ That's why its better to be a holder rather than joining those people got panic and liquidated by sudden market shift.

Of course, guys get liquidated when they are playing around with leverage or margin, and guys who are just regularly buying bitcoin do not get liquidated, unless they liquidate themselves by selling.  Many times if we are just ongoingly buying bitcoin for 4 years and beyond, then by the time we get to 4 years investing, then our cost per BTC is likely at some price point similar to the 200-WMA.. which would be a good place to be. .and yeah, we still might want to continue to buy regularly in the event that we do not have enough bitcoin or more than enough bitcoin.

There is no doubt that making Bitcoin investments with the DCA method consistently over a long period of time is likely to generate a lot of profit, especially for the next 4 years.

will not be liquidated if we are consistent with the plan that we have set from the beginning, but the problem faced is the difficulty in maintaining consistency in what we do because of the many reasons, both falling market prices causing panic or real-life problems that prevent us from being able to continue to consistently make Bitcoin purchases regularly, the rest is nothing, if we can be consistent then I am quite sure there will be quite a lot of profit that we can get in the future.

Of course, if we have troubles being consistent within our ongoing bitcoin accumulation the short term, then we just should be attempting to spend more time working on various aspects of our own personal income and/or cashflow management circumstances to be able to allow investing in bitcoin within our discretionary income - while hopefully not getting too caught up upon bitcoin prices when we are admittedly in our earliest of stages of bitcoin accumulation.

Surely, you have been registered on the forum for over  years since early 2017, so you may have had times that you had not been able to accumulate bitcoin, yet you still have to figure out from now rather than allowing any of your bitcoin accumulation short-falls of the past affect your current actions, which may well mean that if you did not accumulate bitcoin during various periods in the past and you have not been able to make meaningful progress towards reaching great bitcoin accumulation, then you may well need to start from today as if you were a beginner rather than someone who had already had  years to accumulate bitcoin.  many of us make mistakes, yet we still can figure out our actions and act from today to improve  both our bitcoin accumulation practices and improve our cashflow management systems and practices.

I'll say it's quite refreshing to see a focus on cash flow management and personal income as a means of supporting Bitcoin accumulation. It's very essential to acknowledge the fact that previous performances doesn't always guarantee future results (as some investors might think). Rather than wallowing in regrets of your past experiences, it'll be much more profitable to let go off the past and start afresh, because each day is an opportunity to strive for something greater and it should be treated as such to improve cash flow management as well as Bitcoin accumulation practice.

When one acknowledges the fact that everyone makes mistakes, it gives us the opportunity and puts us in a place where we can approach our financial journeys with a growth mindset. Rather than blaming yourself or others for past mistakes, the focus should be more on learning from those mistakes and the experiences, adapting to the situation (in order to avoid further mistakes) and taking possible actions to enhance and improve our financial stability and Bitcoin investment approaches. This is an approach that allows us to prioritize progress over perfection, focusing on making calculated decisions that aligns more with our financial goals.

Overall, it's all about taking control of our financial situation and making efforts and conscious choices in order to improve our Bitcoin accumulation practices as well as our overall financial circumstances. And by doing this, we tend to build a solid financial foundation and also work towards achieving our long term financial goals.

[Silikiem]

DCA method is an investment method through which you can buy Bitcoin at any time at any price. DCA method never helps you to hold your holdings long-term. Holding it long-term depends entirely on you.

Yes long term holding requires long term planning. There are many people who bought bitcoins using DCA method but could not hold them for a long time, it is seen that many panic and sell them. DCA strategy is the way to slowly accumulate bitcoins and DCA strategy is the way to buy bitcoins at an average price. So long term planning is required to hold long term investment, no one can succeed without planning. Before doing any work we need to plan, if you can't hold long term then investing in Bitcoin is not for you, because short term investment can lead to loss instead of profit.

Maybe they get panic its because they still don't understand on what they are doing.
Long term holding is serious commitment that's why people need to understand the risk first on what they are doing and then prepare to have good cash flow to spend since this is important if they want to engage with Bitcoin since if they have sustainable income and could have lots of discretionary income to spend then provably that their chance to succeed is high and they can ignore those any potential threats that will just disturb them.

They are just one step to get broke if they engage on short term investment and there's good chance that they lose their money on recent massive liquidation happened recently read this one https://cryptonews.com/news/over-1b-liquidated-in-24-hours-as-bitcoin-crashes-3-percent-worst-day-june-whats-happening/ That's why its better to be a holder rather than joining those people got panic and liquidated by sudden market shift.

Of course, guys get liquidated when they are playing around with leverage or margin, and guys who are just regularly buying bitcoin do not get liquidated, unless they liquidate themselves by selling.  Many times if we are just ongoingly buying bitcoin for 4 years and beyond, then by the time we get to 4 years investing, then our cost per BTC is likely at some price point similar to the 200-WMA.. which would be a good place to be. .and yeah, we still might want to continue to buy regularly in the event that we do not have enough bitcoin or more than enough bitcoin.

There is no doubt that making Bitcoin investments with the DCA method consistently over a long period of time is likely to generate a lot of profit, especially for the next 4 years.

will not be liquidated if we are consistent with the plan that we have set from the beginning, but the problem faced is the difficulty in maintaining consistency in what we do because of the many reasons, both falling market prices causing panic or real-life problems that prevent us from being able to continue to consistently make Bitcoin purchases regularly, the rest is nothing, if we can be consistent then I am quite sure there will be quite a lot of profit that we can get in the future.

Of course, if we have troubles being consistent within our ongoing bitcoin accumulation the short term, then we just should be attempting to spend more time working on various aspects of our own personal income and/or cashflow management circumstances to be able to allow investing in bitcoin within our discretionary income - while hopefully not getting too caught up upon bitcoin prices when we are admittedly in our earliest of stages of bitcoin accumulation.

Surely, you have been registered on the forum for over  years since early 2017, so you may have had times that you had not been able to accumulate bitcoin, yet you still have to figure out from now rather than allowing any of your bitcoin accumulation short-falls of the past affect your current actions, which may well mean that if you did not accumulate bitcoin during various periods in the past and you have not been able to make meaningful progress towards reaching great bitcoin accumulation, then you may well need to start from today as if you were a beginner rather than someone who had already had  years to accumulate bitcoin.  many of us make mistakes, yet we still can figure out our actions and act from today to improve  both our bitcoin accumulation practices and improve our cashflow management systems and practices.

Well said, no doubt that in past couple of years there have been a slight change in attitudes or behaviors among bitcoin investors which have caused a great decline in their bitcoin portfolio and also  affected their level of accumulation. Instead of focusing on accumulating bitcoin over time or stacking sats for the long term goal, they are more intent on short term gains, and waiting to buy the dips and at such when all of this put together, there’s every tendency that you’ll have troubles being consistent with your on going bitcoin accumulation. For sure one’s financial situation also plays a role in your level of accumulation, and don’t also forget that even if you’ve got a steady and good source of income, without a good financial management skills there’s also a tendency that it will affect your level of accumulation and also shows a decline in your bitcoin portfolio.
With the right mentality, you’ll be able to maintain your consistency while accumulating bitcoin, in all walks of life we believe that bitcoin have value and will appreciate more over time. Waiting to buy the dips won’t help your level of accumulation and also investing for the short term quick gains won’t also help. But if your initial strategy is focused on the long term goal it will sure help especially with your level of accumulating bitcoin, whereby you adopt the DCA method of accumulation.

It’s never too late to go back and possibly start again like someone who’s a newbie with the right mindset of investing in the long term goal, the DCA method is helpful as it will help you to spread out accumulation over time and reduce the idea of procrastination and timing the market and still provides you an exposure to long term focus and growth.

[Kelward]

[Edited out]

There is no doubt that making Bitcoin investments with the DCA method consistently over a long period of time is likely to generate a lot of profit, especially for the next 4 years.

will not be liquidated if we are consistent with the plan that we have set from the beginning, but the problem faced is the difficulty in maintaining consistency in what we do because of the many reasons, both falling market prices causing panic or real-life problems that prevent us from being able to continue to consistently make Bitcoin purchases regularly, the rest is nothing, if we can be consistent then I am quite sure there will be quite a lot of profit that we can get in the future.

There's absolutely no much difficulty in being consistent with your bitcoin accumulation so long as your basic income keeps coming in. Anyone who has understood bitcoin investment won't also panic over market shifts due to bitcoin volatility. Panic sellers on the other hand may have been Traders masked as bitcoin investors. Whichever way, understanding bitcoin investment is the first most necessary step any investor has to take before getting into bitcoin accumulation.

The DCA method has made bitcoin investment much simpler and less stressful. Continuous accumulation could give you an amount of bitcoin you may not imagine within a period of 4 years and beyond. To safeguard your asset, you also need to build your emergency funds and back up funds very strictly as that's the only cushion you have for your investments. Also taking care of your daily responsibilities would also help you keep a good mind and discipline over your investments.

Being consistent in DCA method is not complicated even for a newbie, if they understand basic knowledge like how to protect their wallet from scams and hacks, they can learn increase their knowledge as they progress. For serious minded investors who understands the potentials of Bitcoin as a store of value, the only thing that can be a clog in their DCA strategy is MONEY. It takes money to grow and increase your stash and be accruing more ROI, if the money stops that means that you're depending only on ROI to continue being profitable on the long term inorder to increase your hodl.

The solution to not falling into the trap of stoping your DCA strategy after knowing how profitable it is, only if you continue to find ways to increase your income. Problems hardly decreases, so if your responsibilities are increasing and you're on the same income you'd be forced to forgo some secondary expenses to survive. For some investors it'd have to unfortunately be their Bitcoin accumulation that has to be halted or stopped. So in conclusion to sustain your DCA method after you've known all it's benefits in the future is to try and think outside the box to increase your income.

[Cossyblack]

I largely agree to most of what you said here because a Bitcoin investor should only be thinking of investing in Bitcoin true his discretionary income, any money used to invest in Bitcoin outside his discretionary income spell trouble for the longevity of his Bitcoin holdings.
If an individual feels like investing aggressively in Bitcoin, it should only be done from his reserve funds not from the money meant to take care of his basic needs or his emergency funds.

Actually, if the path is investment, of course the capital specifically to run the investment must be there and prepared from the start so that it can be used immediately for that, especially if what you want to buy is Bitcoin where investors will be much better if they can buy it earlier. And for smart investors, I think they will make their own sorting of their money when they want to do something bigger in the long term such as investing in Bitcoin so that the funds that are sorted will really be used for one purpose only and will not be mixed with others because other sectors are also prepared specifically by themselves.

Newbies gets very excited when they hear that Bitcoin is a very profitable investment, they will be so much in a hurry to get started that they will ignore important tips like not using money meant for their day to day needs to buy Bitcoin. Most often it ends up in regrets because sooner or later the need for the fund will arise and they will be pushed to sell prematurely if there's no other sources to raise the money that they need.

It makes no sense in engaging in what your income cannot sustain and that is why with my experience I keep advising newbie investors to understand financial management first so that they can have realistic budget for their income. Bitcoin investment is a secondary need and if their is no provision for secondary expenses they should shelve the idea and focus on increasing their income first.

Most people who are coming into Bitcoin now are more profits oriented, it's a common fact that they want to make money and they just don't want to make money, but they want to just get rich in a twinkle of an eye, that is why they tends to ignore the little details in terms of making an investment, because I absolutely don't understand what will make someone who wants to invest to use money that is meant for expenses and paying bills to invest that is a wrong and bad decision to invest.
 invest with DCA using discretionary funds is also important for some who is pleb and low coiner or no coiner whose interest is to invest and hodl.

I believe people are not venturing into Bitcoin for fun but for profits making. And whosoever believe he can make enough profits from holding Bitcoin overnight isn't an investor but a trader as making surplus Profits that will be enough to transform/change one financial status for the better doesn't happen quickly but also requires a steadfast consistency in accumulating Bitcoin and holding it for a longer period of 10years and above. This type of approach is essential for an investor with a Long term plan in Bitcoin who is also determined  and focus on making good and reasonable amount of profits from his portfolio as he can only achieve better results if he can be patient to hold for a very long period time. The bigger the stash and the longer he can hold will determine the size of profits he will make from his Bitcoin portfolio in the long run.

[Jostern]

DCA method is an investment method through which you can buy Bitcoin at any time at any price. DCA method never helps you to hold your holdings long-term. Holding it long-term depends entirely on you.

Yes long term holding requires long term planning. There are many people who bought bitcoins using DCA method but could not hold them for a long time, it is seen that many panic and sell them. DCA strategy is the way to slowly accumulate bitcoins and DCA strategy is the way to buy bitcoins at an average price. So long term planning is required to hold long term investment, no one can succeed without planning. Before doing any work we need to plan, if you can't hold long term then investing in Bitcoin is not for you, because short term investment can lead to loss instead of profit.

Maybe they get panic its because they still don't understand on what they are doing.
Long term holding is serious commitment that's why people need to understand the risk first on what they are doing and then prepare to have good cash flow to spend since this is important if they want to engage with Bitcoin since if they have sustainable income and could have lots of discretionary income to spend then provably that their chance to succeed is high and they can ignore those any potential threats that will just disturb them.

They are just one step to get broke if they engage on short term investment and there's good chance that they lose their money on recent massive liquidation happened recently read this one https://cryptonews.com/news/over-1b-liquidated-in-24-hours-as-bitcoin-crashes-3-percent-worst-day-june-whats-happening/ That's why its better to be a holder rather than joining those people got panic and liquidated by sudden market shift.

Of course, guys get liquidated when they are playing around with leverage or margin, and guys who are just regularly buying bitcoin do not get liquidated, unless they liquidate themselves by selling.  Many times if we are just ongoingly buying bitcoin for 4 years and beyond, then by the time we get to 4 years investing, then our cost per BTC is likely at some price point similar to the 200-WMA.. which would be a good place to be. .and yeah, we still might want to continue to buy regularly in the event that we do not have enough bitcoin or more than enough bitcoin.

There is no doubt that making Bitcoin investments with the DCA method consistently over a long period of time is likely to generate a lot of profit, especially for the next 4 years.

will not be liquidated if we are consistent with the plan that we have set from the beginning, but the problem faced is the difficulty in maintaining consistency in what we do because of the many reasons, both falling market prices causing panic or real-life problems that prevent us from being able to continue to consistently make Bitcoin purchases regularly, the rest is nothing, if we can be consistent then I am quite sure there will be quite a lot of profit that we can get in the future.

Of course, if we have troubles being consistent within our ongoing bitcoin accumulation the short term, then we just should be attempting to spend more time working on various aspects of our own personal income and/or cashflow management circumstances to be able to allow investing in bitcoin within our discretionary income - while hopefully not getting too caught up upon bitcoin prices when we are admittedly in our earliest of stages of bitcoin accumulation.

Surely, you have been registered on the forum for over  years since early 2017, so you may have had times that you had not been able to accumulate bitcoin, yet you still have to figure out from now rather than allowing any of your bitcoin accumulation short-falls of the past affect your current actions, which may well mean that if you did not accumulate bitcoin during various periods in the past and you have not been able to make meaningful progress towards reaching great bitcoin accumulation, then you may well need to start from today as if you were a beginner rather than someone who had already had  years to accumulate bitcoin.  many of us make mistakes, yet we still can figure out our actions and act from today to improve  both our bitcoin accumulation practices and improve our cashflow management systems and practices.

That is quite true, in my short time of accumulating bitcoin I’ve had some little experiences where I have fallen short of accumulating more and being consistent in the sense that you’ve faced some difficulties along the line with some little details of unforeseen situations, sometimes you just have to consider if you have actually accumulate on a weekly basis or on a monthly basis either which way that is preferable and sustainable, sometimes newbies might have challenges accumulating on a weekly basis either which way that is sustainable or they can consider why don’t I do it every two weeks or every three weeks trying to get every means possible to stay consistent and continuous accumulation.

Instead of falling short I have to decide to find different means possible to help and stay consistent and stay on track in my levels of accumulation. Now most importantly it is necessary for me to continue to access my income and also apply this strategies of managing my financial situation and my cash flow, probably I have to think of cutting some unnecessary overhead expenses depending on my level of income on a weekly basis or monthly basis then I can think of a way to stay disciplined as well to help and achieve that level of consistency in building my portfolio, making mistakes are part of life and it’s important to address them by just being able to figure out a solution to be consistent in accumulating bitcoin.