Buy the DIP, and HODL!

[Dareo]

Thank you sir for taking your time to educate me on this matter. You know I have only limited myself to the practice of the dca method. I haven't had the privilege to apply the theory three practice. Hopefully in the future when I get lump sum, I'll divide it into three parts and practicalise the three practice so I will be informed and gather knowledge. For now since I only depend on my monthly income, I will continue with my differ technique (DCA) since I like buying weekly.

DCA is not a deferring technique if you are buying whenever you get paid (such as weekly or whenever you figure out how much money you have remaining after figuring out your expenses).  However, if you receive a lump sum payment, like in my earlier example, then all of a sudden you might have 12 weeks or more of your regular DCA amount sitting in front of you. In that case, if you were to spread out some of your lump sum over time, then you would be deferring your buy, and there is nothing wrong with that.

So the kind of DCA that a guy does when buys bitcoin every time he gets paid, such as once a week, is not deferred.

however the kind of DCA that a guy does if he receives a lump sum, and maybe he decides to spread it out for 4 weeks or more, then that would be deferred,.

Let's go back to the example that I created.  Usually you plan to buy $100 every single week, except some weeks you either don't get paid enough or your expenses are higher, so you might ONLY have $60 to buy bitcoin in those weeks, and then there are some other weeks that your pay is very high or your expenses are very low, so you are able to buy up to $170 worth of bitcoin.

So after you had been engaging in that kind of system for several months, maybe 6 months, all of a sudden you go to work and you hear that on the next Tuesday you are going to receive an extra $1,500 because the boss is feeling generous or there was some kind of a profit sharing arrangement that had caused you to earn it... so yeah, you are very excited, yet you figured you had been being a bit skimpy on building your back up funds, so you decided to add $300 of that to put into your back up funds and then use the other $1,200 to buy bitcoin.. and since you want to test out each one of the systems with your bonus pay, you figure that within a day of your receiving the deposit, you are going to buy $400 right away (within that same week), and then you with the buying on dip portion, you are going to set up to buy $100 ever time the bitcoin price drops 4%, starting from 4% lower than whatever price that you end up making your first buy with the $400.  So then you figure that you would buy at 4%, 8%, 12% and 16%.  If the BTC price goes up rather than down, you will rethink the matter if the BTC price goes up 16% from whatever price you buy the $400 next week... otherwise you are just going to keep those buy orders set.  Regarding the DCA, you decide  that you are going to add $50 to each of your already scheduled weekly DCA buys no matter whatever the DCA amount that you buy for the week, you are going to add $50 for each of the next 8 weeks.

Something like this could happen at any time.  Let's say that you receive a gift or you are given a side job that is going to pay you some extra amount that is beyond what you usually make.

I understand the difference you are pointing out between a steady weekly DCA out of income and a purchase deferral strategy when working with a lump sum. Personally, I can be more associated with the former situation as the buys are solely based on the salary when the bills are paid, and thus there is no actual waiting, but simply it is my routine. However, your example of the bonus indicates how the strategy can be flexible. Supply of part to immediate buy, part to dips, and increasing weekly DCA could be clever manipulation to experiment with providing a variety of approaches without compromising the discipline. It provides me with a better idea on how to adjust when I will finally encounter a lump sum in future.

[SPIDERMAN008]

https://i.ibb.co/TD8vGpzq/20250821-080408.png

Source: https://x.com/simplykashif/status/1958028666950021229?t=p7s98iGSP62g8DSxm5O1qw&s=19

According to the article this man has been collecting and selling used cans for the past 2 years and uses the proceeds to buy Bitcoin and now he is near having one Bitcoin.

I am bringing this here to encourage those who are in their little way doing what they can to accumulate Bitcoin, this story proves that it is not more about what you do but how consistent you are in buying Bitcoin.

A used can picker is not the most tech savvy man in the world so not being tech savvy is now not an excuse your present work can be your means to start no matter how small the result will show up over time.

I saw this post in my LB and though it would be a source of encouragement to lots of people here to find ways to make discretionary income available even if it means taking a side hustle and start investing instead of just waiting until whenever you would start having discretionary income to invest into bitcoin, you can actually do more to raise such income that you would use to invest into bitcoin just like this guy. Another remarkable thing is his consistency for a long period of time, doing the same thing over and over again and investing the proceeds into bitcoin, this is an evidence of great dedication, commitment and consistency in his accumulation journey which is required of anyone who wishes to be successful in his investment into bitcoin.

You said  that the purpose of an emergency fund can be defeated if a separate backup fund is not created for regular but non-urgent expenses like rent, school fees, gas refills. Therefore, it is important to have separate funds for real emergencies and regular expenses. What I think is that expenses like rent, school fees, gas refills, all these types of expenses are included in general expenses. No kind of fund is needed for these expenses. All these expenses are included in the mandatory expenses of a family. After the income comes in a month or a week, a person will pay these expenses for his family. The money that remains after all these expenses is discretionary income. With that money, he will invest in Bitcoin and along with this, he will create a reserve fund, an emergency fund. In case of unexpected financial problems like medical treatment, or buying a new phone, or buying some furniture for the house, then he will take money from the reserve fund and continue to pay for these types of expenses. And when his income source stops for some reason or he needs a lot of money for some kind of emergency and it is not possible to meet it with the reserve fund, then he will take money from the emergency fund. Which was saved for 3 to 6 months. As a result, Bitcoin investment can be continued for a long time without any problems,

[Tungbulu]

Even though we are encouraged to use dca method to invest especially since we are new to bitcoin investment, I think it is imperative we recognise that other methods of investing are in existence. So that should we be called upon to lecture and educate others outside this forum, we won't be giving them half baked information. That being said  DCA is not the only method to invest in bitcoin. Please take note and take correction.

Sure.  Even a newbie might have lump sum amounts available to him or he might come across lump sum amounts from time to time, so if he comes across lump sum amounts, he might have to figure out the extent to which he is going to 1) buy right away, 2) defer by time (DCA) and/or 3) defer by price (buy on dips).  

sometimes there is no justification to differ investing, so frequently if a guy is buying bitcoin every time he gets paid, he is not deferring he is buying right away as soon as he figures out the extent that he has enough money available to invest.

DCA can also work quite well for guy who is still early and just getting used to how much money he has available for investing and/or for putting into his back up funds.  So it can take a bit of practice to get used to how aggressive a person is able to invest into bitcoin without over doing it, so if the guy figures out that he can mostly do $100 per week, yet there will be some weeks that he can only do $60 and there will be other weeks that he might be able to do as much as $170, so then he can see a kind of pattern and if he is getting his back up funds to a comfortable level then he might have extra money come available due to his not having to add to his back up funds, and then maybe he is working his ass off, and his boss decides to give him a $1,500 bonus.. and usually, he would have just spent the $1,500 on a car or a motorcycle or a phone/computer, but now that he has bitcoin.

He might realize that he is able to invest $1,200 of that bonus into bitcoin, yet he still might be faced in figuring out if he should buy all right away or if he might defer with buying on dips and/or adding to his DCAs in the coming weeks..

There is no real right or wrong answer, even though there are trade offs to each of the techniques that may or may not end up paying off depending on what the BTC price does after exercising such option(s), and the guy may or may not be willing to figure out how to weigh the trade offs until he practices a few times, yet at the same time, he realizes that on average, his bonus had resulted in right around 12x the amount of his usual that was available for his weekly BTC buys, and he feels that it is good to have options, even though not always easy to decide and sometimes a guy might just purposefully divide the amount that he has into three parts $400 for each part and to practice with each one of those parts within their definition, and see how it feels to actually apply theory of each three to practice which might cause him to be better informed how he might choose to make his allocation differently if he ends up getting another bonus or otherwise come across some extra money all of a sudden in the future.

Thank you sir for taking your time to educate me on this matter. You know I have only limited myself to the practice of the dca method. I haven't had the privilege to apply the theory three practice. Hopefully in the future when I get lump sum, I'll divide it into three parts and practicalise the three practice so I will be informed and gather knowledge. For now since I only depend on my monthly income, I will continue with my differ technique (DCA) since I like buying weekly.

DCA is not a deferring technique if you are buying whenever you get paid (such as weekly or whenever you figure out how much money you have remaining after figuring out your expenses).  However, if you receive a lump sum payment, like in my earlier example, then all of a sudden you might have 12 weeks or more of your regular DCA amount sitting in front of you. In that case, if you were to spread out some of your lump sum over time, then you would be deferring your buy, and there is nothing wrong with that.

So the kind of DCA that a guy does when buys bitcoin every time he gets paid, such as once a week, is not deferred.

however the kind of DCA that a guy does if he receives a lump sum, and maybe he decides to spread it out for 4 weeks or more, then that would be deferred,.

Let's go back to the example that I created.  Usually you plan to buy $100 every single week, except some weeks you either don't get paid enough or your expenses are higher, so you might ONLY have $60 to buy bitcoin in those weeks, and then there are some other weeks that your pay is very high or your expenses are very low, so you are able to buy up to $170 worth of bitcoin.

So after you had been engaging in that kind of system for several months, maybe 6 months, all of a sudden you go to work and you hear that on the next Tuesday you are going to receive an extra $1,500 because the boss is feeling generous or there was some kind of a profit sharing arrangement that had caused you to earn it... so yeah, you are very excited, yet you figured you had been being a bit skimpy on building your back up funds, so you decided to add $300 of that to put into your back up funds and then use the other $1,200 to buy bitcoin.. and since you want to test out each one of the systems with your bonus pay, you figure that within a day of your receiving the deposit, you are going to buy $400 right away (within that same week), and then you with the buying on dip portion, you are going to set up to buy $100 ever time the bitcoin price drops 4%, starting from 4% lower than whatever price that you end up making your first buy with the $400.  So then you figure that you would buy at 4%, 8%, 12% and 16%.  If the BTC price goes up rather than down, you will rethink the matter if the BTC price goes up 16% from whatever price you buy the $400 next week... otherwise you are just going to keep those buy orders set.  Regarding the DCA, you decide  that you are going to add $50 to each of your already scheduled weekly DCA buys no matter whatever the DCA amount that you buy for the week, you are going to add $50 for each of the next 8 weeks.

Something like this could happen at any time.  Let's say that you receive a gift or you are given a side job that is going to pay you some extra amount that is beyond what you usually make.

You've got a spot on approach to DCA and Lump sum investing. Investing a particular/regular amount of money every week, based on the funds you've got available, could be seen as a form of DCA. However, when the individual actually receives a lump sum, let's say $1,500 bonus, he then has more flexibility on how he wants to continue investing.

Using $1,200 to immediately buy Bitcoin and allocating the rest to backup fund could potentially turn out to be a thoughtful decision to make about how to use your unexpected windfall. Again, choosing to increase your regular weekly DCA amount by $50 for the next 8 weeks could also turn out to be quite a great move as it could be seen as a great way to gradually invest the lump sum, and still maintaining your previous regular accumulation routine. What I love most about this approach is the fact that it gives folks the ability to be able to balance their desire to invest the bonus using their ongoing and already existing investment strategy, thereby saving the investor the stress of trying to develop another strategy or approach to invest the bonus without messing with the already existing strategy.

It's also worth noting that a great way to boost investments and potentially accelerate your financial goals can be through unexpected windfalls  like gifts, side jobs or and extra income. When folks come up with a solid plan in place on how to use these funds to invest, they can potentially make the most of these opportunities and most importantly, remain focused on their long term goal.

[Berry2d]

I understand your confusion. However leet me try to break it down in the simplest way I can..... There are different methods people use to accumulate Bitcoin, some of this methods includes

• DCA (Dollar Cost Averaging): When you buy a fixed amount of Bitcoin at regular intervals, no matter the price.
• Buying the Dip: Here you wait for price drops and then buy more when Bitcoin is more cheaper.
• Lump Sum: You invest  a large amount into Bitcoin all at once.
• Earning of  Bitcoin: Through work or services( like earning through the signature campaigns and so on) or any other means instead of buying.......etc.

Your whole point is very well put. But you said "Buying dips: Here you have to wait for the price to drop and then buy more when Bitcoin is cheaper." I feel a little confused about this sentence.

As far as I know, buying dips is not for an investor but for a trader.

You are Very funny mate. I know you are a newbie and may never understand everybit of this but Buying the dip is not for only traders but for all. Infact buying the dip is one method or strategy that investors use to mitigate by buying more Bitcoin when the market is bearish.
The three strategy to buy Bitcoin by investor has been listed which are
1. Buying the dip
2. lump sum
3. DCA

All This three strategy are perfect strategy to build a better portfolio. An investor mostly capitalize on DCA which is investing every week or month. Provided they have discretion inc. they can also lump sum at ago when their is a bonus recieved from a place of work. And they can buy the dip from their discretion when Bitcoin is dip and it does not mean that they are traders since they are not buying the dip for taking quick profit.

[Tungbulu]

Source: https://x.com/simplykashif/status/1958028666950021229?t=p7s98iGSP62g8DSxm5O1qw&s=19

According to the article this man has been collecting and selling used cans for the past 2 years and uses the proceeds to buy Bitcoin and now he is near having one Bitcoin.

I am bringing this here to encourage those who are in their little way doing what they can to accumulate Bitcoin, this story proves that it is not more about what you do but how consistent you are in buying Bitcoin.

A used can picker is not the most tech savvy man in the world so not being tech savvy is now not an excuse your present work can be your means to start no matter how small the result will show up over time.

I saw this post in my LB and though it would be a source of encouragement to lots of people here to find ways to make discretionary income available even if it means taking a side hustle and start investing instead of just waiting until whenever you would start having discretionary income to invest into bitcoin, you can actually do more to raise such income that you would use to invest into bitcoin just like this guy. Another remarkable thing is his consistency for a long period of time, doing the same thing over and over again and investing the proceeds into bitcoin, this is an evidence of great dedication, commitment and consistency in his accumulation journey which is required of anyone who wishes to be successful in his investment into bitcoin.

Hitting almost 1 Bitcoin in just 2 years? He must be making a lot of money from gathering disposal cans and reselling them to have been able to accumulate such an amount. Or maybe he's not actually investing with his discretionary income alone. Yeah maybe sticked to a consistent DCA but definitely not with his discretionary income alone, which can be a very dangerous approach for investors. Sure we can learn a thing or two from the man's story, like the consistency and sticking to a regular DCA, but let's not be to aggressive with our accumulation to the extent that we act or become ignorant of things that really matters, like taking care of essential expenses, setting aside funds for backup and Investing only with our discretionary income. Because some investors after seeing these kind of posts, gets overly motivated, aggressive and obsessed with reaching a sizable amount sooner, it's always crucial to prioritize setting and sticking to a realistic approach as this is the key to actually reaching your financial goals.

[AirtelBuzz]

People should not wait for the dip before accumulating Bitcoin it is traders who target the dip to accumulate and sell when there is an increase.
Waiting for the dip before accumulating will only make you accumulate just little Bitcoin because you are not accumulating regularly investor accumulate at any price level he never wait for Bitcoin dip before he can accumulate with the DCA strategy you can be able to accumulate at any price persistently either every weeks or months the dip should be an advantage to accumulate more Bitcoin and HODL.

Yes, the point is, if we invest in Bitcoin and intend to invest long-term, then continuously accumulating with DCA is the right move. I think doing so is very simple, but why are so many people still confused about it? Because I think investing in Bitcoin is easier than investing in stocks or real estate. Because if we want to invest in Bitcoin, we only need discretionary funds, and then we can buy it immediately. Then, after that, use the DCA strategy and slowly build up an emergency fund to act as a hedge against our Bitcoin investment. If we're like that, we just need to accumulate Bitcoin consistently. I don't think it's complicated to do. But it's undeniable that many people are still interested in investing in Bitcoin for quick profits. So, with that in mind, investing in Bitcoin can certainly feel complicated. But if you invest patiently in Bitcoin, I think investing in Bitcoin is very easy.

Emergency fund does not act as a hedge against your bitcoin investment, else you would end up describing you bitcoin investment as a threat to your emergency fund, rather your emergency fund serves as a hedge against tampering you bitcoin investment, more like a support network to enhance the longevity of your holding bitcoin without tampering it in the event of real emergencies that might come up in the process of accumulating and holding bitcoin.

This statement is questionable emergency funds act as hedges against Bitcoin investments, we are indirectly associated with the term that Bitcoin acts as a hedge against inflation and economic instability, so here it is considered a risk-mitigation strategy. However it is necessary to create diverse sources of income to prevent manipulation of the right Bitcoin investment, generate discretionary income and strengthen our economic base, An emergency fund must also be created and my idea it should be equal to three to six months of expenses. An emergency fund is a financial safety net even if these funds may be lacking for future emergencies, therefore it should be used with healthy planning.

[Solokan]

In my own case, I would consider DCA with discretionary funds as the most secure long-term course of action, whereas I would consider dips as an opportunity to be a little more aggressive provided that your financial capabilities permit it. In that manner you would develop progressively without putting aside money that you could require the next day.

Don't rely on the market to be aggressive in investing. Rather, you can be aggressive in investing as soon as you have prudent money depending on your ability. Whether or not to be aggressive in investing depends entirely on you and your financial situation. Being aggressive in investing is not wrong or obligatory. Being aggressive within your ability will take you a little further in your investment journey and will keep you moving towards your goals faster. Be careful that being aggressive does not put you at any financial risk and does not hinder your continuity.

I think both of your opinions are excellent. Being aggressive in buying BTC when the price drops is certainly a good thing if we have idle funds. And of course, buying using the DCA technique and buying BTC without DCA are certainly good steps. So, doing both is certainly better than not doing it at all.

However, your opinion is also correct. It would be better if we didn't consider the price when BTC dropped or not when buying BTC. Of course, accumulating BTC using the DCA technique doesn't consider the price, and that will certainly make someone who accumulates BTC feel comfortable. But of course, when investing in BTC, the most important thing is to use idle funds. Anyway, keep up the good work, to those who use DCA and others.

[Wind_FURY]

My dear fellow PLEBS,

If you didn't buy the DIP yet, it's your opportunity to buy NOW before Bitcoin surges back to $120,000 NEXT WEEK. If you're a DCA investor, DOUBLE your bids and adjust them accordingly when Bitcoin is above $120,000 again.

Our objective is to stack more units of Bitcoin as much as possible during the DIP, and HODL.

[Rhow]

DCA strategy is the mostly discussed strategy on this thread so i will not blame you if you think DCA is the only strategy used in accumulating bitcoin. There are three strategies you can use to accumulate bitcoin, and they are DCA strategy, buying the dip strategy, and lump sum strategy. Why it seems DCA strategy is the only bitcoin investment strategy is because DCA is the mostly discussed and adopted strategy because it gives both rich and poor investors a chance to start bitcoin investment even if bitcoin price is $200,000. There's no bitcoin strategies that is difficult to use in accumulating bitcoin, and if you know you can't make use of lump sum and buying the dip strategies to accumulate bitcoin, you better stick with DCA strategy so that you will not mess up your bitcoin investment.

Yes, I understand from the experts that DCA is the most discussed and accepted strategy.

The biggest reason for this is that rich and the poor can invest in the DCA method. There is no pressure. Because no matter how much the price of Bitcoin increases or decreases, it does not affect the investor's investment. The investor can set a specific goal and continue to invest. They do not have any trouble in taking long-term goals. On average, very good returns are obtained. For all these reasons, the DCA method seems to me to be the only investment method. Also, I think it is not right to invest with so much pressure at the beginning of the investment. If I gain more experience in investing, I can try other methods, but before that I will follow the DCA method.

To me, investing in other methods is like being under pressure. Although everyone knows that no matter how much the price of Bitcoin decreases, the price will recover. Still, I consider buying lamsum and dips to be uncertainty.

[Miramax12]

Thank you sir for taking your time to educate me on this matter. You know I have only limited myself to the practice of the dca method. I haven't had the privilege to apply the theory three practice. Hopefully in the future when I get lump sum, I'll divide it into three parts and practicalise the three practice so I will be informed and gather knowledge. For now since I only depend on my monthly income, I will continue with my differ technique (DCA) since I like buying weekly.

DCA is not a deferring technique if you are buying whenever you get paid (such as weekly or whenever you figure out how much money you have remaining after figuring out your expenses).  However, if you receive a lump sum payment, like in my earlier example, then all of a sudden you might have 12 weeks or more of your regular DCA amount sitting in front of you. In that case, if you were to spread out some of your lump sum over time, then you would be deferring your buy, and there is nothing wrong with that.

So the kind of DCA that a guy does when buys bitcoin every time he gets paid, such as once a week, is not deferred.

however the kind of DCA that a guy does if he receives a lump sum, and maybe he decides to spread it out for 4 weeks or more, then that would be deferred,.

Let's go back to the example that I created.  Usually you plan to buy $100 every single week, except some weeks you either don't get paid enough or your expenses are higher, so you might ONLY have $60 to buy bitcoin in those weeks, and then there are some other weeks that your pay is very high or your expenses are very low, so you are able to buy up to $170 worth of bitcoin.

So after you had been engaging in that kind of system for several months, maybe 6 months, all of a sudden you go to work and you hear that on the next Tuesday you are going to receive an extra $1,500 because the boss is feeling generous or there was some kind of a profit sharing arrangement that had caused you to earn it... so yeah, you are very excited, yet you figured you had been being a bit skimpy on building your back up funds, so you decided to add $300 of that to put into your back up funds and then use the other $1,200 to buy bitcoin.. and since you want to test out each one of the systems with your bonus pay, you figure that within a day of your receiving the deposit, you are going to buy $400 right away (within that same week), and then you with the buying on dip portion, you are going to set up to buy $100 ever time the bitcoin price drops 4%, starting from 4% lower than whatever price that you end up making your first buy with the $400.  So then you figure that you would buy at 4%, 8%, 12% and 16%.  If the BTC price goes up rather than down, you will rethink the matter if the BTC price goes up 16% from whatever price you buy the $400 next week... otherwise you are just going to keep those buy orders set.  Regarding the DCA, you decide  that you are going to add $50 to each of your already scheduled weekly DCA buys no matter whatever the DCA amount that you buy for the week, you are going to add $50 for each of the next 8 weeks.

Something like this could happen at any time.  Let's say that you receive a gift or you are given a side job that is going to pay you some extra amount that is beyond what you usually make.

I understand the difference you are pointing out between a steady weekly DCA out of income and a purchase deferral strategy when working with a lump sum. Personally, I can be more associated with the former situation as the buys are solely based on the salary when the bills are paid, and thus there is no actual waiting, but simply it is my routine. However, your example of the bonus indicates how the strategy can be flexible. Supply of part to immediate buy, part to dips, and increasing weekly DCA could be clever manipulation to experiment with providing a variety of approaches without compromising the discipline. It provides me with a better idea on how to adjust when I will finally encounter a lump sum in future.

It is not often people distinguish between "routine" DCA and what happens when you’re working with a lump sum. Makes a lot of sense when you explain it that way.
That combo approach you are doing immediate partial buy, conditional dip buys, and boosting your weekly DCA is actually really smart. It gives you structure but still leaves room for the market to come to you. Most people either go all in too fast or overthink and miss their windows entirely.

[CageMabok]

Thank you sir for taking your time to educate me on this matter. You know I have only limited myself to the practice of the dca method. I haven't had the privilege to apply the theory three practice. Hopefully in the future when I get lump sum, I'll divide it into three parts and practicalise the three practice so I will be informed and gather knowledge. For now since I only depend on my monthly income, I will continue with my differ technique (DCA) since I like buying weekly.

The technique you've been using so far is also fine for anyone, as the goal is to buy Bitcoin within your own means and with a method you can implement comfortably without any interruptions or other sacrifices. However, I'd like to remind you that you must be more consistent in implementing this method as long as you're not yet able to buy large amounts of Bitcoin at once. This is because it can only be done by people with a substantial weekly income and by business owners who consistently generate profits through their own work.

[aoluain]

Source: https://x.com/simplykashif/status/1958028666950021229?t=p7s98iGSP62g8DSxm5O1qw&s=19

According to the article this man has been collecting and selling used cans for the past 2 years and uses the proceeds to buy Bitcoin and now he is near having one Bitcoin.

I am bringing this here to encourage those who are in their little way doing what they can to accumulate Bitcoin, this story proves that it is not more about what you do but how consistent you are in buying Bitcoin.

A used can picker is not the most tech savvy man in the world so not being tech savvy is now not an excuse your present work can be your means to start no matter how small the result will show up over time.

I saw this post in my LB and though it would be a source of encouragement to lots of people here to find ways to make discretionary income available even if it means taking a side hustle and start investing instead of just waiting until whenever you would start having discretionary income to invest into bitcoin, you can actually do more to raise such income that you would use to invest into bitcoin just like this guy. Another remarkable thing is his consistency for a long period of time, doing the same thing over and over again and investing the proceeds into bitcoin, this is an evidence of great dedication, commitment and consistency in his accumulation journey which is required of anyone who wishes to be successful in his investment into bitcoin.

Hitting almost 1 Bitcoin in just 2 years? He must be making a lot of money from gathering disposal cans and reselling them to have been able to accumulate such an amount. Or maybe he's not actually investing with his discretionary income alone. Yeah maybe sticked to a consistent DCA but definitely not with his discretionary income alone, which can be a very dangerous approach for investors. Sure we can learn a thing or two from the man's story, like the consistency and sticking to a regular DCA, but let's not be to aggressive with our accumulation to the extent that we act or become ignorant of things that really matters, like taking care of essential expenses, setting aside funds for backup and Investing only with our discretionary income. Because some investors after seeing these kind of posts, gets overly motivated, aggressive and obsessed with reaching a sizable amount sooner, it's always crucial to prioritize setting and sticking to a realistic approach as this is the key to actually reaching your financial goals.

No I can imagine it wasnt only the proceeds of can collecting which enabled him
to accumulate BTC1 - it doesnt matter though, he seemingly got there.

For calculation sake lets take the Bitcoin price at $25,000 and that he gets a
refund of $0.10c per can...every day for a year he would have to collect 685
cans. Also bear in mind that the market is moving and ok he is buying the dips.
With such a task buying the dips would have to be part of the strategy to maximise
the reward from such a labourious task.

Anyway, its a lesson either way that some people are prepared to work their ass off
and be so focussed in their goal that they can achieve them.

[Futurexxx]

No I can imagine it wasnt only the proceeds of can collecting which enabled him
to accumulate BTC1 - it doesnt matter though, he seemingly got there.

For calculation sake lets take the Bitcoin price at $25,000 and that he gets a
refund of $0.10c per can...every day for a year he would have to collect 685
cans. Also bear in mind that the market is moving and ok he is buying the dips.
With such a task buying the dips would have to be part of the strategy to maximise
the reward from such a labourious task.

Anyway, its a lesson either way that some people are prepared to work their ass off
and be so focussed in their goal that they can achieve them.

Looking at this picture and the story behind it, it shows that when their is a will, anything is possible, especially when you are obsessed about it.
I have seen how most folks out there that has the capacity to invest in Bitcoin and accumulate a very huge stash of it makes stupid excuses why they can't invest now, but those that earns even less are currently investing in Bitcoin because they have the will to do it and go all the way, which this man's story is a perfect example of.

[Creeper0]

You said  that the purpose of an emergency fund can be defeated if a separate backup fund is not created for regular but non-urgent expenses like rent, school fees, gas refills. Therefore, it is important to have separate funds for real emergencies and regular expenses.

Rent, school fees, gas refills and general purchases are all part of your daily needs. So, if you want to invest, you have to invest with the remaining money (discretionary money) after all the expenses to meet these needs. This is mandatory for investment. You may never be able to survive in investment for a long time by investing outside your discretionary money.

However, in the case of backup fund, we should have such a strong plan that even in times of emergency, we do not have to dip our hands into the emergency fund. It is better for you to have at least 3 funds in the backup fund (1) Floating fund or cash flow (2) Reserve fund (3) Emergency fund.
When you are in an emergency, you may give priority to the emergency, so you will not have time to use the cash flow and reserve fund for any other purpose. At this time, you can try to overcome the emergency with cash flow initially, if it is not enough, then you can use the reserve fund. You can designate your emergency fund as a last resort, this may be the right time to use your emergency fund. Don't use your emergency fund in the early stages of an emergency, save it for the worst.

[Silikiem]

My dear fellow PLEBS,

If you didn't buy the DIP yet, it's your opportunity to buy NOW before Bitcoin surges back to $120,000 NEXT WEEK. If you're a DCA investor, DOUBLE your bids and adjust them accordingly when Bitcoin is above $120,000 again.

Our objective is to stack more units of Bitcoin as much as possible during the DIP, and HODL.

There’s no point of being under pressure to accumulate during the dip, and most especially for the newbies who have been focused initially to consistently and persistently accumulate bitcoin either on weekly or monthly basis depending on when they’re able to figure out a discretionary income to accumulate and hold for the long term goal and gradually build up their portfolio. Bitcoin investment is a long term investment and depending on your level of preparedness to accumulate when dip occurs while you’ve already been accumulating gradually with your discretionary income in the past using through DCAing, then the dip will only be an added advantage to accumulate more because you’ve already prepared for this, but if not, no need to be under pressure to accumulate dip except you’ve already prepared for it because you need to put in place the right financial management skill before you use your whole earnings or money meant to be used for your other financial obligations to accumulate simply because you want to buy in the dip. The objective is to remain consistent in your accumulation and hold for the long term goal.

[Taskford]

No I can imagine it wasnt only the proceeds of can collecting which enabled him
to accumulate BTC1 - it doesnt matter though, he seemingly got there.

For calculation sake lets take the Bitcoin price at $25,000 and that he gets a
refund of $0.10c per can...every day for a year he would have to collect 685
cans. Also bear in mind that the market is moving and ok he is buying the dips.
With such a task buying the dips would have to be part of the strategy to maximise
the reward from such a labourious task.

Anyway, its a lesson either way that some people are prepared to work their ass off
and be so focussed in their goal that they can achieve them.

Looking at this picture and the story behind it, it shows that when their is a will, anything is possible, especially when you are obsessed about it.
I have seen how most folks out there that has the capacity to invest in Bitcoin and accumulate a very huge stash of it makes stupid excuses why they can't invest now, but those that earns even less are currently investing in Bitcoin because they have the will to do it and go all the way, which this man's story is a perfect example of.

I tried to do some research if the story behind that pic is true or just a hoax. But looks like this site proves that everything is true https://www.benzinga.com/crypto/cryptocurrency/25/08/47297613/from-bits-of-cans-to-bitcoin-a-brazilian-is-on-a-mission-to-turn-waste-into-a-crypto-fortune

Well what he just made is another inspiring story that we don't need to be rich to accumulate Bitcoin since by simple doing those things there's still chance for us to buy Bitcoin.

Its amazing story and for sure lots of people will get inspired on his story and the man is so lucky since he's earning huge fortune for those  efforts he made on Bitcoin.

[bitzizzix]

No I can imagine it wasnt only the proceeds of can collecting which enabled him
to accumulate BTC1 - it doesnt matter though, he seemingly got there.

For calculation sake lets take the Bitcoin price at $25,000 and that he gets a
refund of $0.10c per can...every day for a year he would have to collect 685
cans. Also bear in mind that the market is moving and ok he is buying the dips.
With such a task buying the dips would have to be part of the strategy to maximise
the reward from such a labourious task.

Anyway, its a lesson either way that some people are prepared to work their ass off
and be so focussed in their goal that they can achieve them.

Looking at this picture and the story behind it, it shows that when their is a will, anything is possible, especially when you are obsessed about it.
I have seen how most folks out there that has the capacity to invest in Bitcoin and accumulate a very huge stash of it makes stupid excuses why they can't invest now, but those that earns even less are currently investing in Bitcoin because they have the will to do it and go all the way, which this man's story is a perfect example of.

I tried to do some research if the story behind that pic is true or just a hoax. But looks like this site proves that everything is true https://www.benzinga.com/crypto/cryptocurrency/25/08/47297613/from-bits-of-cans-to-bitcoin-a-brazilian-is-on-a-mission-to-turn-waste-into-a-crypto-fortune

Well what he just made is another inspiring story that we don't need to be rich to accumulate Bitcoin since by simple doing those things there's still chance for us to buy Bitcoin.

Its amazing story and for sure lots of people will get inspired on his story and the man is so lucky since he's earning huge fortune for those  efforts he made on Bitcoin.

Yes, this is truly an inspiring story. I think it shows us that if we truly want it, anything is possible. There are actually many ways to achieve great things beyond our imagination. And this story can really help us increase our Bitcoin purchases, or even find ways to do it without any income, but with simple ways to earn enough money to buy Bitcoin.

I truly believe that if we can earn $1 a day this way, or in other ways, like collecting used items, we can earn $30 a month, and that's a small amount because we can potentially earn much more than $1 from this work in many ways. It's truly inspiring for everyone.

But unfortunately, I've been doing this for a long time, it's just a different story. I own a grocery store, and I've mentioned this before. And from my business, I have a lot of junk like cardboard, plastic bottles, and so on that I can use to generate income, which I sell once a month, and I use most of the proceeds to supplement my monthly Bitcoin purchases. And this really helps and keeps me motivated and excited about doing it.

[Wind_FURY]

Source: https://x.com/simplykashif/status/1958028666950021229?t=p7s98iGSP62g8DSxm5O1qw&s=19

According to the article this man has been collecting and selling used cans for the past 2 years and uses the proceeds to buy Bitcoin and now he is near having one Bitcoin.

I am bringing this here to encourage those who are in their little way doing what they can to accumulate Bitcoin, this story proves that it is not more about what you do but how consistent you are in buying Bitcoin.

A used can picker is not the most tech savvy man in the world so not being tech savvy is now not an excuse your present work can be your means to start no matter how small the result will show up over time.

I saw this post in my LB and though it would be a source of encouragement to lots of people here to find ways to make discretionary income available even if it means taking a side hustle and start investing instead of just waiting until whenever you would start having discretionary income to invest into bitcoin, you can actually do more to raise such income that you would use to invest into bitcoin just like this guy. Another remarkable thing is his consistency for a long period of time, doing the same thing over and over again and investing the proceeds into bitcoin, this is an evidence of great dedication, commitment and consistency in his accumulation journey which is required of anyone who wishes to be successful in his investment into bitcoin.

Hitting almost 1 Bitcoin in just 2 years? He must be making a lot of money from gathering disposal cans and reselling them to have been able to accumulate such an amount. Or maybe he's not actually investing with his discretionary income alone. Yeah maybe sticked to a consistent DCA but definitely not with his discretionary income alone, which can be a very dangerous approach for investors. Sure we can learn a thing or two from the man's story, like the consistency and sticking to a regular DCA, but let's not be to aggressive with our accumulation to the extent that we act or become ignorant of things that really matters, like taking care of essential expenses, setting aside funds for backup and Investing only with our discretionary income. Because some investors after seeing these kind of posts, gets overly motivated, aggressive and obsessed with reaching a sizable amount sooner, it's always crucial to prioritize setting and sticking to a realistic approach as this is the key to actually reaching your financial goals.

No I can imagine it wasnt only the proceeds of can collecting which enabled him
to accumulate BTC1 - it doesnt matter though, he seemingly got there.

For calculation sake lets take the Bitcoin price at $25,000 and that he gets a
refund of $0.10c per can...every day for a year he would have to collect 685
cans. Also bear in mind that the market is moving and ok he is buying the dips.
With such a task buying the dips would have to be part of the strategy to maximise
the reward from such a labourious task.

Anyway, its a lesson either way that some people are prepared to work their ass off
and be so focussed in their goal that they can achieve them.

That man is a very good example of finding different paths towards financial freedom. Whatever you do today, whether it's work, selling used cans for money, or whether selling your body, it's NOT your endgame. Those are merely the means to an end - which is to accumulate more Bitcoin as much as you can, and as much as possible.

That man looks older than most of us plebs in BitcoinTalk. If he can accumulate one whole Bitcoin, what's your excuse? Find a job, a second job, and a side-job selling used materials AND STACK THOSE SATS then HODL.

[Justbillywitt]

That combo approach you are doing immediate partial buy,

Miramax12 you have lots of of explanations to do here because you ain't really making any sense to me with what you are saying here. What do you mean by combo approach and immediate partial buy? I haven't heard anything about immediate partial buy since I started bitcoin investment. How does partial buy work? Is either you are buying bitcoin or you are not. I don't really understand were immediate partial buy is coming from, how do you do that please?

[Jostern]

My dear fellow PLEBS,

If you didn't buy the DIP yet, it's your opportunity to buy NOW before Bitcoin surges back to $120,000 NEXT WEEK. If you're a DCA investor, DOUBLE your bids and adjust them accordingly when Bitcoin is above $120,000 again.

Our objective is to stack more units of Bitcoin as much as possible during the DIP, and HODL.

Well I’ve not really bought the dip as of now and I don’t know if I will buy the dip as you’ve suggested for we dear plebs, and I’m a bit confused when you said bitcoin will surge back to $120,000 next week, how are you really sure that will happen next week, Do you mean to tell us that you can predict the Bitcoin price market, what it will eventually be next week, well buying the dip isn’t mandatory, since you said it’s an opportunity and there are people who might not have the opportunity to buy the dip and that doesn’t mean that we plebs can’t continue buying through the DCA method and also trying to work on my finances to adjust to accumulating more Bitcoin into my portfolio, I’m not a fan of waiting to buy the dip, I will prefer a situation where I have to buy Bitcoin on a regular basis, and probably when I have an opportunity and some leftover money which I have kept specifically for buying an unprecedented opportunity for a dip buying, then I could literally consider making that huge purchase of buying a dip at once, and that would be more sustainable instead of laying more emphasis on buy that dip, buying the dip isn’t always viable for me.