Buy the DIP, and HODL!

[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.

[Taskford]

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.

I wonder on what area does DCA method became complicated while the fact investor don't need to do any technical things or predict the future price since they can buy Bitcoin anytime and what price exist in the market.

This is like emotion free investment since what they need to do is to buy hold then be consistent on their accumulation.

Also they can start with small amount then try to increase their investment when they are capable to acquire lots of Bitcoin in future.

[Promocodeudo]

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.

I don't think anyone will ever see Bitcoin as fun stuff, I think an investor can say he or she is happy when he keep accumulating and notice that his or her accumulation is progressing then we can actually say is fun but for me I see Bitcoin investment as a serious thing so no jokes, the only set of people that think that they can come and make it big in a twinkle of eye in Bitcoin investment is either those that doesn't  understand Bitcoin investment concept and how it works or traders just as you said apart from this set of people there's no investor that will have such mindset concerning Bitcoin.
I think it is an established fact that Bitcoin is not an investment that one thinks that he or she can just invest and hit it big time immediately, there are processes that has to be followed if any investor wants to actualize he or her aim in the said investment which is continues accumulation steadily and hodling for a long-term.

[Sticky Bomb]

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.

These are not emergencies but part of your expenses which you should've considered and removed them from the total income before considering the remnants your discretionary income, I might consider the first one "Medical expenses" as an emergency if there is a big medical challenge and not routine checkups or common illnesses that are non-concurrent, but are not emergencies.

The coverage of your emergency funds is subject to a real emergency occurring like car accident, fire accidents in the home and you need to replace some properties ASAP and other things that are that aren't expected to happen. Another scenarios is in the event you are cut off from your income all of a sudden without prior notice and you have exhausted all your savings, then your survival becomes an emergency and you can survive on your emergency fund for the time being while you work on fixing your finances and rebuilding the funds you depleted while you were financially backward.

[Dunamisx]

There have been lots of discussions regarding how we could handle our investment by the help of an emergency fund, so that we may not run into an unforeseen circumstance being forfeiting our investment and sell, that is why it is preferred that for a long time investors, we must be able to understand the reason why we should be a holder and for how long we can hold before selling, then anything that has to do with an emergency fund be dealt with separately without causing alterations to our investment, just try to scroll up on some pages to read more on emergency fund.

[Spaceman1000$]

[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.

I completely agree with you, hence your exposed to steady cashflow majorly from different sources, your DCA wouldn't suffer any kind of setbacks. The truth is that, challenges will come, responsibility will increase, hence your not meeting up with some of these secondary responsibilities, it will slowly affect your DCA, so in order to be forearmed as an investor who is serious minded, it should be your utmost responsibility to diversify your income so there won't be a short fall with your DCA strategy if challenges come. it will be a deception on your on side as an investor if you think responsibilities won't increase, but how well you are able to manage them successfully will help keep your DCA strategy afloat.

[sotelorene]

[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.

I completely agree with you, hence your exposed to steady cashflow majorly from different sources, your DCA wouldn't suffer any kind of setbacks. The truth is that, challenges will come, responsibility will increase, hence your not meeting up with some of these secondary responsibilities, it will slowly affect your DCA, so in order to be forearmed as an investor who is serious minded, it should be your utmost responsibility to diversify your income so there won't be a short fall with your DCA strategy if challenges come. it will be a deception on your on side as an investor if you think responsibilities won't increase, but how well you are able to manage them successfully will help keep your DCA strategy afloat.

You are absolutely correct, having or been exposed to different source of income doesn't guarantee a successful investment because investment is all about mentality, decision, determination, discipline etc. someone can be exposed to several source of income and yet they won't have a successful investment and I don't think diversifying to other asset is the best decision at this stage when someone haven't gone far in there Bitcoin investment journey but rather I think what a reasonable investor should or will do at this point in time is to learn how to manage there funds because management is very important when it comes to investment and business.

[JayJuanGee]

[edited out]

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.

Even if we are not wallowing in our past errors, we need to be attempting to learn from them - which people tend to continue to make similar mistakes as they had made in the past, even when they believe that they are improving in their practices and their approach to investing and/or in cashflow management.

It surely can be difficult to build better practices and also to have the better practices sink in, since frequently we will learn through practice and/or tweaking and/or reviewing and then tweaking again, and sometimes we cannot even see long term ramifications in regards to short term tweaking until several years down the road, including times in which we are not able to go back and change the past, we have to make whatever adjustments from the present and into the future and also hopefully without allowing some of our past mistakes to cause us to become desperate in the various way that we might choose to "make up for the past."

Making up for the past does not tend to be likely to even be possible, at least not in full, only in a kind of directional, symbolic and perhaps marginal way that is not in a deeply substantial way.

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.

I agree with all of this, yet I would still point out that learnings likely need to be put into practice, so that even if we learn about several of our various past mistakes, we still need to make adjustments and put various learnings into practice and then perhaps go through some similar experiences and see if we might react in a new and more enlightened way or if we might revert to some of our earlier bad practice, and part of the difficulty is that the future may well not bring any of the same exact past circumstances, even if there might be some rhyming and stress tests that still allow us to deploy our new improved practices without necessarily wallowing on the past where some opportunities had been lost through our failures or our some of our short-fallings and short-sightedness that we had hopefully ended up addressing to the extent that we might have had been capable of addressing such in a meaningful and/or substantial way, which may well be a combination of actions and perceptions/perspectives.

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.

For sure this part is true, including the fact that many of us likely need to chip away at our practices and likely make quite a few mistakes along the way, even though some folks are able to identify the better practices sooner than other folks...yet we cannot let those real world dynamics from stopping us from trying to find our own parameters that might even involve various ways that we might have our own unique advantages or ways of recognizing positive progress in our own ways of identifying our balances.

[Gost ms]

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.

It is never a good idea to wait to buy DIP. If you wait to buy DIP, you may fall behind your target. For example, if you wait to buy DIP, you will miss out on many opportunities to buy if the market does not go down as you expected. If you want, you can continue to buy continuously by adopting the DCA method, and when you see a decline in the market, you can buy DIP if you are financially sound.

It is never a good idea to invest in the short term. There is a lot of risk in short term investments, in which the possibility of losing your money is very high. Always aim for long term investments, such as 8 to 10 years. The risk in long term investments is much lower than in short term investments. The market often goes up and down. Do not be afraid of seeing a decline and continue to buy continuously until you have accumulated your target level of Bitcoin in your portfolio.

[Fara Chan]

There have been lots of discussions regarding how we could handle our investment by the help of an emergency fund, so that we may not run into an unforeseen circumstance being forfeiting our investment and sell, that is why it is preferred that for a long time investors, we must be able to understand the reason why we should be a holder and for how long we can hold before selling, then anything that has to do with an emergency fund be dealt with separately without causing alterations to our investment, just try to scroll up on some pages to read more on emergency fund.

I think most long-term investors for Bitcoin have begun to understand this and if there are some who do not understand such things, maybe they are new investors who are looking for suitable ways and methods to make long-term investments in Bitcoin. Because those who are still relatively new to investing in Bitcoin must at least understand how to separate emergency funds from funds that will be used to buy Bitcoin because it is to make their own investments smoother and not disturbed by anything.

[cxtreenal]

There have been lots of discussions regarding how we could handle our investment by the help of an emergency fund, so that we may not run into an unforeseen circumstance being forfeiting our investment and sell, that is why it is preferred that for a long time investors, we must be able to understand the reason why we should be a holder and for how long we can hold before selling, then anything that has to do with an emergency fund be dealt with separately without causing alterations to our investment, just try to scroll up on some pages to read more on emergency fund.

I think most long-term investors for Bitcoin have begun to understand this and if there are some who do not understand such things, maybe they are new investors who are looking for suitable ways and methods to make long-term investments in Bitcoin. Because those who are still relatively new to investing in Bitcoin must at least understand how to separate emergency funds from funds that will be used to buy Bitcoin because it is to make their own investments smoother and not disturbed by anything.

Bitcoin investment requires a steady source of discretionary income to keep it on a smooth path for a long time. Having that source allows you to target your investments in a planned manner. Long-term goals can be a bit of a daunting prospect for new investors, but a steady source of income teaches them to master the strategy and makes them realize the need for an emergency fund. Bitcoin teaches them how to hold and accumulation through volatile prices.

Among the strategies for finding the right path and investing, if the new investor can master the DCA strategy, they will continue to push their savings far and wide along the smooth way.

[JayJuanGee]

[edited out]

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.

If we screw up, we cannot go back and fix our screw ups. We can ONLY attempt to learn from our past mistakes and plan (and act) from the present in order to attempt to try to go forward with plans and actions that are based on current circumstances and our assessment of such current circumstances.

[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.

If the money stops, then a guy could end up fucking himself over to the extent that he is neither able to get money to keep coming in to at least cover his expenses so that he does not have to start to live off of his bitcoin at a time that is prior to his having had reached overaccumulation status.

Guys can really end up fucking this up, since they get overly focused on recognizing their level of profits and/or gloating in the size of their BTC stash, so they either fail/refuse to keep stacking bitcoin as they should do or as an alternative allowing sufficient time to pass so that there might be an alternative way that they might reach overaccumulation status... and when they start to prematurely draw upon their investment, then they really end up screwing up matters so that they might either greatly delay reaching fuck you status, or worse yet to contribute to such a situation that they are never able to reach fuck you status, even though they had been on the path of getting to fuck you stasus if they would have exercised more diligence in regards to making sure that they are either continuing to contribute to their funds and/or to not be prematurely drawing upon their funds.

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.

Increase income and/or to replace income when it had been diminished or gone away.  Another thing is cutting expenses, yet the combination of how to deal with their investment management in light of their options can have a lot of possible paths forward, in which mistakes can end up being made - including that there may be various times in the lives of guys that they may well need to invest into themselves and their education, skills and/or connections in order to potentially increase their future employment and/or income levels in the future, so sometimes there can be tough decisions that need to be made that are not even certain in terms of the future pay offs.

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.

We are likely talking about similar kinds of decision-making issues that guys might be faced with in terms of either dealing with changes in income coming in, yet also there can be decisions in regards to how to keep being able to invest into bitcoin, and perhaps at  which point a person might have to discontinue investing into bitcoin and also at what point that he might start to dip into his bitcoin investment.. so surely a lot of these matters could stem from either losing income or even cost of living going up so that the same income is not keeping up with additional costs or even questions that might deal with ways in which income might be able to be increased  to the extent that income increasing, expense decreasing might be feasible and how that affects the continued accumulation of bitcoin since at some point if there are signs that discretionary income no longer exists, and if reserve funds have been depleted, then BTC accumulation would also stop.. and it seems to me that once a person is dipping into their emergency funds, they are no longer accumulating bitcoin at that point..

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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.

You are probably correct about everything you say Cossyblack - yet your post contents still seem to contain bits of presumptions that bitcoin profits are guaranteed when they are not.  Bitcoin profits are not guaranteed, even in the long run, due to both execution risks and also risks with the underlying asset itself.

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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.

I tend to prefer weekly accumulation, yet surely there are some guys who have cashflow intervals and/or even uncertainties in regards to expenses that might contribute towards making difficulties to accomplish weekly BTC accumulation.  

I think also the longer that any of us are investing into bitcoin, and if we are also working on our cashflow management skills while trying to assure that we have steady income, then we likely would be able to build up reserves so that we may well be able to carry out weekly bitcoin buys, yet surely we would not want to be trying to carry out weekly bitcoin buys if it is not practical for our own situation, so in the end, we have to figure out our own priorities based on our own particulars.

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.

Sometimes there could be ways that we are able to be creative with our income and/or with our expenses, and for example, maybe we have a practice of buying around 10 pounds of various kinds of meats every month (maybe on average of a couple pounds per week), and we also have various fruits and vegetables that we regularly buy, and when we add it all up, we consider that those kinds of expenses add up to around $100 per month, and we realize that if we pool together with one or two of our relatives, then we could buy some of that in bulk and then split between us, and maybe we even would be able to get more food, more variety of ingredients and also maybe it ends up costing around $70 per month rather than $100.. so then there ends up being a savings of around $70 per month and better quality food.

Maybe we had also identified some ways to buy some things (like clothes and computer items and perhaps even some transportation matters) at a reduced price (used rather than new) or some other kind of a cost savings, and so then we figure out if we take those measures for the next 6 months, then we likely would end up saving around $300 over 6 months, which ends up being $50 per month, even though we might not be able to realize the actual savings until a few months down the road (so the savings are not initially felt).

Maybe we have a partner (or maybe spouse) who had been insisting on going out to eat 2 times per week, which tended to cost us around $70 to $100 for the two times per week, depending on the details.  After negotiating with the partner regarding our past practices and the potential for savings and the likelihood that the saved money would end up going into bitcoin, we came to an agreement that we would try to be more strategic in regards to our frequency in going out to eat in order to save on the costs, but still to be able to go out to eat on a less frequent basis, and we largely agreed to cut back to going out to eat at most 4 to 6 times per month, and since on average there are 4.33 weeks per month, we figured that this flexibility would end up saving a lot on the going out to eat costs and the spouse was able to appreciate that cost savings would likely go into bitcoin..and perhaps we had been able to gamify the whole agreement to show a special accounting in regards to how many bitcoin (satoshis) we have been able to accumulate by agreeing to specifically keep track of the saved amounts and the bitcoin that was bought through the saved money.

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I wonder on what area does DCA method became complicated while the fact investor don't need to do any technical things or predict the future price since they can buy Bitcoin anytime and what price exist in the market.

This is like emotion free investment since what they need to do is to buy hold then be consistent on their accumulation.
Also they can start with small amount then try to increase their investment when they are capable to acquire lots of Bitcoin in future.

I will generally agree with you Taskford that neither investing into bitcoin nor DCAing needs to be complicated, since they are likely based on skills that we already have, yet it still takes practice to make sure that we are spending within our discretionary income, and surely the more aggressive we want to be in our bitcoin investment will likely require paying attention that we are not screwing things up.

Another thing is that not everyone has steady income and/or steady expenses, so maybe they might try to figure out a weekly DCA amount that gets extracted automatically from their pay (or bank account) no matter what, but then if their income and/or their expenses are not steady, then they likely would end up being too whimpy in their bitcoin investing.. so there could be difficulties finding a good balance and/or a to make sure that we are both learning about bitcoin and incorporating our learnings into our practices.  There likely are not too many of us who can say that we know everything that we need to know about bitcoin. I surely would not say that about myself, even though I have been studying matters related to bitcoin and also cashflow management for nearly 12 years (since late 2013), and I also came to bitcoin with already existing investment and cashflow management experiences (more than 20 years prior to coming into bitcoin).

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I don't think anyone will ever see Bitcoin as fun stuff, I think an investor can say he or she is happy when he keep accumulating and notice that his or her accumulation is progressing then we can actually say is fun but for me I see Bitcoin investment as a serious thing so no jokes, the only set of people that think that they can come and make it big in a twinkle of eye in Bitcoin investment is either those that doesn't  understand Bitcoin investment concept and how it works or traders just as you said apart from this set of people there's no investor that will have such mindset concerning Bitcoin.
I think it is an established fact that Bitcoin is not an investment that one thinks that he or she can just invest and hit it big time immediately, there are processes that has to be followed if any investor wants to actualize he or her aim in the said investment which is continues accumulation steadily and hodling for a long-term.

I have a hard time concluding that there is anything wrong with trying to make bitcoin investing fun, since there seems that there can be fun in even keeping track of the bitcoin investment (and perhaps even other investments) and getting better at cashflow management, there are likely ways to try to make it both fun and interesting.

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Bitcoin investment requires a steady source of discretionary income to keep it on a smooth path for a long time. Having that source allows you to target your investments in a planned manner. Long-term goals can be a bit of a daunting prospect for new investors, but a steady source of income teaches them to master the strategy and makes them realize the need for an emergency fund. Bitcoin teaches them how to hold and accumulation through volatile prices.

Discretionary income does not have to be steady in order to get started investing in bitcoin.

Discretionary income (or funds) could mean that I have $10 left this month after covering all of my expenses, and therefore I am going to invest this $10 into bitcoin.

Surely continuing to buy bitcoin would likely need an assessment of discretionary funds each time that a purchase of bitcoin is made, yet sure if a person has a steady source of income, he might already have some general assessment of his income and/or expenses prior to them happening, so then he might reach some assessments in regards to his streaming discretionary income, yet streaming discretionary income is also not required to get started investing into bitcoin.

Among the strategies for finding the right path and investing, if the new investor can master the DCA strategy, they will continue to push their savings far and wide along the smooth way.

Figuring out and employing a DCA strategy does not guarantee that a bitcoin investment will be successful, yet surely a DCA approach to investing does allow tailoring to a persons finances and/or psychology, including within a DCA approach a person can figure out how aggressive or whimpy that he would like to be based on his own circumstances. and even make various adjustments along the way based on his assessment of his various personal factors.

[Proty]

It is never a good idea to wait to buy DIP. If you wait to buy DIP, you may fall behind your target. For example, if you wait to buy DIP, you will miss out on many opportunities to buy if the market does not go down as you expected. If you want, you can continue to buy continuously by adopting the DCA method, and when you see a decline in the market, you can buy DIP if you are financially sound.

It is never a good idea to invest in the short term. There is a lot of risk in short term investments, in which the possibility of losing your money is very high. Always aim for long term investments, such as 8 to 10 years. The risk in long term investments is much lower than in short term investments. The market often goes up and down. Do not be afraid of seeing a decline and continue to buy continuously until you have accumulated your target level of Bitcoin in your portfolio

The point you have laid out here is really good. waiting for a desire dip is one big mistake many keep repeating, i don't know why someone will choose to waste time to be waiting for some we are not sure of it occurance.waiting for a desire dips is waste of opportunities, is just like some one waiting and hoping to get a good opportunity to work in a high paid company when there are thousands of opportunities in front of him. A perfect example was when bitcoin was around $84k there were people who was speculating that it will dip more to $35k, so they started waiting for it to get to there desire dips but it didn't happen instead the price went up to $100k. so this person missed this opportunity because they were waiting for a desire dip of $35k.
instead of waiting for a desire dip while missing market opportunities, Dca strategy can be used to be accumulating bitcoin instead of waiting since it involves buying at all prices even when it is low or high  .
Those that are into bitcoin for short term are exposing there investment to high level of risk compared to long term investors,who are into bitcoin for like 8-10yrs or more

[Derekfunds]

Figuring out and employing a DCA strategy does not guarantee that a bitcoin investment will be successful, yet surely a DCA approach to investing does allow tailoring to a persons finances and/or psychology, including within a DCA approach a person can figure out how aggressive or whimpy that he would like to be based on his own circumstances. and even make various adjustments along the way based on his assessment of his various personal factors

I totally agree on this and that Is where most persons get  it all wrong because they believe once they use the DCA method that everything is settled no that is not true, if you must succeed in your investment using the DCA method, one have to do the necessary things that is required and apply the principles that will aid them to that successful state. The DCA method is just a convenient method that helps an investor to purchase at any given price but somehow I think an investor is the one that will actually make it to be convenient because there are people who are using the DCA method and yet they didn't find it convenience because they are not doing the right thing so, how an investor go about the DCA method also play an important role in our Bitcoin investment so yes I totally agree with you JJG.

[LGD2Business]

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.

These are not emergencies but part of your expenses which you should've considered and removed them from the total income before considering the remnants your discretionary income, I might consider the first one "Medical expenses" as an emergency if there is a big medical challenge and not routine checkups or common illnesses that are non-concurrent, but are not emergencies.

The coverage of your emergency funds is subject to a real emergency occurring like car accident, fire accidents in the home and you need to replace some properties ASAP and other things that are that aren't expected to happen. Another scenarios is in the event you are cut off from your income all of a sudden without prior notice and you have exhausted all your savings, then your survival becomes an emergency and you can survive on your emergency fund for the time being while you work on fixing your finances and rebuilding the funds you depleted while you were financially backward.

That's so true. People often confuse what is an emergency fund and what is a necessity. All kinds of things can go wrong in life. There is insurance for these, but insurance does not cover every eventuality and you may have to make unforeseen expenses. Life is unpredictable, so it is always important to keep some money aside.
Putting that aside, you have a good income, your expenses are less than your income, you have a good level of emergency savings, you have done your basic consumption shopping, the next step is luxury consumption. The more you cut down on that luxury consumption, the more you can invest in the future. In this case, the first thing that comes to my mind, and probably almost everyone in this forum, is Bitcoin. In this case, you can make purchases to increase your Bitcoin amount with peace of mind.

[Brainnybtc]

It is never a good idea to wait to buy DIP. If you wait to buy DIP, you may fall behind your target. For example, if you wait to buy DIP, you will miss out on many opportunities to buy if the market does not go down as you expected. If you want, you can continue to buy continuously by adopting the DCA method, and when you see a decline in the market, you can buy DIP if you are financially sound.

It is never a good idea to invest in the short term. There is a lot of risk in short term investments, in which the possibility of losing your money is very high. Always aim for long term investments, such as 8 to 10 years. The risk in long term investments is much lower than in short term investments. The market often goes up and down. Do not be afraid of seeing a decline and continue to buy continuously until you have accumulated your target level of Bitcoin in your portfolio

The point you have laid out here is really good. waiting for a desire dip is one big mistake many keep repeating, i don't know why someone will choose to waste time to be waiting for some we are not sure of it occurance.waiting for a desire dips is waste of opportunities, is just like some one waiting and hoping to get a good opportunity to work in a high paid company when there are thousands of opportunities in front of him. A perfect example was when bitcoin was around $84k there were people who was speculating that it will dip more to $35k, so they started waiting for it to get to there desire dips but it didn't happen instead the price went up to $100k. so this person missed this opportunity because they were waiting for a desire dip of $35k.
instead of waiting for a desire dip while missing market opportunities, Dca strategy can be used to be accumulating bitcoin instead of waiting since it involves buying at all prices even when it is low or high  .

Most of this guy's that wait for the dip before buying thinks it's the best way to maximize profit because most of them has this mindset of buying low and selling high, so they wait for the market to dip before buying, not knowing that it's the wrong approach to Bitcoin investment, a Bitcoin investor that is only thinking long term should be buying anytime his discretionary income is available irrespective of it current price,  because in the future this current price would be a bargain comparing to how high the value of Bitcoin might has rise up to.

[Tonimez]

It is never a good idea to wait to buy DIP. If you wait to buy DIP, you may fall behind your target. For example, if you wait to buy DIP, you will miss out on many opportunities to buy if the market does not go down as you expected. If you want, you can continue to buy continuously by adopting the DCA method, and when you see a decline in the market, you can buy DIP if you are financially sound.

It is never a good idea to invest in the short term. There is a lot of risk in short term investments, in which the possibility of losing your money is very high. Always aim for long term investments, such as 8 to 10 years. The risk in long term investments is much lower than in short term investments. The market often goes up and down. Do not be afraid of seeing a decline and continue to buy continuously until you have accumulated your target level of Bitcoin in your portfolio

Short term investment is trading and Traders who are already addicted to the art of trading prefer gambling to peace of mind.
Waiting for dips before buying bitcoin is the simplest means to quit bitcoin investment. Bitcoin price at $96k was seen as high. I know of friends who stopped buying while predicting that it would wait still drop back to less than $50k. But here we are, weeks above $100k and still counting. A strict adherence to your DCA approach is all you need, not watching the chart.

The point you have laid out here is really good. waiting for a desire dip is one big mistake many keep repeating, i don't know why someone will choose to waste time to be waiting for some we are not sure of it occurance.waiting for a desire dips is waste of opportunities, is just like some one waiting and hoping to get a good opportunity to work in a high paid company when there are thousands of opportunities in front of him. A perfect example was when bitcoin was around $84k there were people who was speculating that it will dip more to $35k, so they started waiting for it to get to there desire dips but it didn't happen instead the price went up to $100k. so this person missed this opportunity because they were waiting for a desire dip of $35k.
instead of waiting for a desire dip while missing market opportunities, Dca strategy can be used to be accumulating bitcoin instead of waiting since it involves buying at all prices even when it is low or high  .

Some investors act like they Know everything about bitcoin. They believe in predicting the next direction bitcoin would go but it's all decisive. Bitcoin volatility has not been properly understood by anyone which is why bitcoin cycles have been used as a better yardstick to expect a leap in price. This is the reason why holding for at least 4-10 years during a continuous buys by DCA. Your bitcoin investment is protected by your backup funds and emergency funds which is why you also need to build them along.

Most of this guy's that wait for the dip before buying thinks it's the best way to maximize profit because most of them has this mindset of buying low and selling high, so they wait for the market to dip before buying, not knowing that it's the wrong approach to Bitcoin investment, a Bitcoin investor that is only thinking long term should be buying anytime his discretionary income is available irrespective of it current price,  because in the future this current price would be a bargain comparing to how high the value of Bitcoin might has rise up to.

If anyone has a stable source of income and plans his finances according to his stable income, he invests continuously and cares less about his stash. The problem is that some people see bitcoin as a main source of income which is why they result to Trading bitcoin.

[As-Soon-As]

we must be able to understand the reason why we should be a holder and for how long we can hold before selling, then anything that has to do with an emergency fund be dealt with separately without causing alterations to our investment, just try to scroll up on some pages to read more on emergency fund.

But for this we must maintain our investment for a long time as long as possible as a long-term investment. The main purpose of Bitcoin investment is to maintain it for a long time according to the DCA method, if you do not follow the DCA method then you will not be able to maintain your investment.
That is why in any situation only our plan should be given the highest priority, and there are some other things that we need to maintain our investment according to our ability. However, Bitcoin investment should be held for approximately ten years so that we can maintain the amount during the two bull markets.