Buy the DIP, and HODL!

[Zackz5000]

You are absolutely right that it is important to have an emergency fund so that we do not have to sell Bitcoin at a difficult moment and of course we must have an emergency fund before investing. There are most new investors who enter the investment but do not make their financial plan and emergency fund before entering.

Yes having an emergency fund is important when investing in Bitcoin but it's not a must to have it first before getting started into accumulating Bitcoin, what is most important at first is having your discretionary income this is what you use in accumulating Bitcoin then on the process you can think of setting your emergency fund gradually by then you have already been accumulating Bitcoin with your discretionary income either using the DCA strategy and HODL.

[blackberrman]

There is a saying in our native language, from whatever you earn, keep some part for basic needs and save the rest for the future. Maybe one day you will fall ill and you will be able to remove your illness and lack and basic needs through savings. Exactly, I want to add something more to your words, because a daily wage earner earns some income. And he must keep some part of the income aside for the future, exactly what I want to say is that it is most important to connect those saved money with Bitcoin. Because the more you deposit in Bitcoin, the better you will be able to move forward economically, it is possible to achieve multiple benefits.

If you are a low-income person, you should not invest all your savings. Because as you mentioned, you need to save for the future, but if you invest all your savings, we know that if you invest in Bitcoin, you should hold it for a long time. Now if you invest all your savings, how will you get treatment if you get sick? So after meeting your needs with your income, you should not invest the entire amount, you should keep a fund for emergencies.

You don't have to invest all your earned money to invest. You can invest slowly using the DCA strategy. If you continue your investment for a long time, weekly or monthly, you will see your investment become heavy and you can also prepare for your future now. Yes, you have to do it for the long term because if you invest all your money to invest in Bitcoin, on the one hand, you can sell Bitcoin to meet your sudden danger, on the other hand, you may fail to meet the basic needs of your family. As a result, you can sell Bitcoin, because Bitcoin is cheaper now than in the future. Because when you invest now, it may be your cheap investment because determining the price of Bitcoin is a challenge, but it is possible that anything can happen, such as the price of Bitcoin may increase, but when it happens, you will be disappointed because you gave up your investment because you failed to increase your awareness, so you build an emergency fund to invest, on the other hand, you can use the DCA strategy to meet the basic needs of your family and bring forward your small investment.  Do it because it is good and effective for you.

[icebar]

You are absolutely right that it is important to have an emergency fund so that we do not have to sell Bitcoin at a difficult moment and of course we must have an emergency fund before investing. There are most new investors who enter the investment but do not make their financial plan and emergency fund before entering.

Yes having an emergency fund is important when investing in Bitcoin but it's not a must to have it first before getting started into accumulating Bitcoin, what is most important at first is having your discretionary income this is what you use in accumulating Bitcoin then on the process you can think of setting your emergency fund gradually by then you have already been accumulating Bitcoin with your discretionary income either using the DCA strategy and HODL.

I agree with you, it is definitely worthless to think of an emergency fund before investing. One should start investing first and then build an emergency fund to regularize that investment. If one does not start investing to build an emergency fund, then that emergency fund has no value. If an investor follows DCA and at the same time builds an emergency fund for 3-4 months, then at the same time his emergency fund will be built along with his investment. As a result, on the one hand, he can increase the amount deposited by DCA of Bitcoin and on the other hand, he will also build an emergency fund.

[sotelorene]

There is a saying in our native language, from whatever you earn, keep some part for basic needs and save the rest for the future. Maybe one day you will fall ill and you will be able to remove your illness and lack and basic needs through savings. Exactly, I want to add something more to your words, because a daily wage earner earns some income. And he must keep some part of the income aside for the future, exactly what I want to say is that it is most important to connect those saved money with Bitcoin. Because the more you deposit in Bitcoin, the better you will be able to move forward economically, it is possible to achieve multiple benefits.

If you are a low-income person, you should not invest all your savings. Because as you mentioned, you need to save for the future, but if you invest all your savings, we know that if you invest in Bitcoin, you should hold it for a long time. Now if you invest all your savings, how will you get treatment if you get sick? So after meeting your needs with your income, you should not invest the entire amount, you should keep a fund for emergencies.

With what you just said, does it mean that big or high income earners should or can invest all their money in Bitcoin? Well the answer is no because both low and high income earners are not advised to invest all their money in Bitcoin as a matter of fact that is a wrong investment approach and you will definitely sell at loss whether you like it or not especially when needs or emergency arises. An investor whether low or high income earner is advised to get a discretionary from there income to use for investment just that someone with high income stand at a big advantage of having a good portfolio than someone with low income that is if they are serious with there investment.

[AYOBA]

DCA method is good for all investors, it doesn’t have to be the ordinary investor or the government before this method of investment can be used. If you look at the many opportunities you can get to accumulate more bitcoin using the DCA method, you may want to switch to it and not rely on other methods of investment when investing in bitcoin. Government may be large institutions who lump sum anytime they have the money to buy bitcoin, but they also use the DCA method also, but they do it strategically anytime there is an opportunity for it.

That is just the truth about the DCA method, which is why, now that they are aware of it, many individuals would rather use it while investing in Bitcoin. Because it made things easier and cheaper in terms of accumulating bitcoin, some people claim that there is an alternative technique to the DCA, but all I know is that the DCA method is the best option for investors.

[Nightwatchmare]

There is a saying in our native language, from whatever you earn, keep some part for basic needs and save the rest for the future. Maybe one day you will fall ill and you will be able to remove your illness and lack and basic needs through savings. Exactly, I want to add something more to your words, because a daily wage earner earns some income. And he must keep some part of the income aside for the future, exactly what I want to say is that it is most important to connect those saved money with Bitcoin. Because the more you deposit in Bitcoin, the better you will be able to move forward economically, it is possible to achieve multiple benefits.

If you are a low-income person, you should not invest all your savings. Because as you mentioned, you need to save for the future, but if you invest all your savings, we know that if you invest in Bitcoin, you should hold it for a long time. Now if you invest all your savings, how will you get treatment if you get sick? So after meeting your needs with your income, you should not invest the entire amount, you should keep a fund for emergencies.

Bitcoin isn't a quick to get rich soon investment, so it is never advisable for you to invest in Bitcoin with your savings because if you do that it will only exposure you to sell your Bitcoin investment too early. However, if you want to invest in Bitcoin, you should invest with your discretionary income, and you can also build up your emergency funds with your discretionary income gradually so that it will allow you to hold your Bitcoin investment for a long time, and if you fall sick along you accumulation process, you can depend on your emergency funds to pay for your medical bills.

[Kagaru]

There is a saying in our native language, from whatever you earn, keep some part for basic needs and save the rest for the future. Maybe one day you will fall ill and you will be able to remove your illness and lack and basic needs through savings. Exactly, I want to add something more to your words, because a daily wage earner earns some income. And he must keep some part of the income aside for the future, exactly what I want to say is that it is most important to connect those saved money with Bitcoin. Because the more you deposit in Bitcoin, the better you will be able to move forward economically, it is possible to achieve multiple benefits.

If you are a low-income person, you should not invest all your savings. Because as you mentioned, you need to save for the future, but if you invest all your savings, we know that if you invest in Bitcoin, you should hold it for a long time. Now if you invest all your savings, how will you get treatment if you get sick? So after meeting your needs with your income, you should not invest the entire amount, you should keep a fund for emergencies.

You don't have to invest all your earned money to invest. You can invest slowly using the DCA strategy. If you continue your investment for a long time, weekly or monthly, you will see your investment become heavy and you can also prepare for your future now. Yes, you have to do it for the long term because if you invest all your money to invest in Bitcoin, on the one hand, you can sell Bitcoin to meet your sudden danger, on the other hand, you may fail to meet the basic needs of your family. As a result, you can sell Bitcoin, because Bitcoin is cheaper now than in the future. Because when you invest now, it may be your cheap investment because determining the price of Bitcoin is a challenge, but it is possible that anything can happen, such as the price of Bitcoin may increase, but when it happens, you will be disappointed because you gave up your investment because you failed to increase your awareness, so you build an emergency fund to invest, on the other hand, you can use the DCA strategy to meet the basic needs of your family and bring forward your small investment.  Do it because it is good and effective for you.

Yeah, While it is important to have a rainy day fund, especially if you are living on a low income, Bitcoin purchases should never come at the expense of essential needs. This is why the DCA strategy is ideal for the approach, as you won't need to risk your daily security while making fairly steady progress with your investment. Small regular contributions can accumulate over a long period of time. Putting an emergency fund in place alongside regular investment into Bitcoin is the most sensible way to ensure you have the stability of the former and the wealth-building of the latter.

[Merit.s]

You are absolutely right that it is important to have an emergency fund so that we do not have to sell Bitcoin at a difficult moment and of course we must have an emergency fund before investing.

Having an emergency funds before starting your Bitcoin investment is not a most and don't mislead newbies to be on the waiting side when delay is dangerous.
There's no need waiting to set up an emergency funds of at least three months of your monthly expenses when it will take you 1-2 years to set it up. Will you continue waiting and be piling up fiat that depreciates in value overtime without any bitcoin investment running. Your emergency funds is a backup funds to your bitcoin investment and what are you backing up when you don't have a bitcoin investment.

Emergency funds should be set up before investing by a new investor who does not have an extra funds available that can serve as his emergency funds. Rather, you should start your bitcoin investment with your discretionary income and set up your emergency funds of at least three months of your monthly expenses simultaneously with your bitcoin investment.

You can share your discretionary income to two parts, use one for your regular DCA and use the other part to build your emergency funds. When that's achieved, you can channel the money to set up a reserve funds and when that is also achieved, you can start investing aggressively by channeling that funds to your weekly DCA amount to increase it.

[yixichloro2xx]

You are absolutely right that it is important to have an emergency fund so that we do not have to sell Bitcoin at a difficult moment and of course we must have an emergency fund before investing. There are most new investors who enter the investment but do not make their financial plan and emergency fund before entering.

Yes having an emergency fund is important when investing in Bitcoin but it's not a must to have it first before getting started into accumulating Bitcoin, what is most important at first is having your discretionary income this is what you use in accumulating Bitcoin then on the process you can think of setting your emergency fund gradually by then you have already been accumulating Bitcoin with your discretionary income either using the DCA strategy and HODL.

I agree with you, it is definitely worthless to think of an emergency fund before investing. One should start investing first and then build an emergency fund to regularize that investment. If one does not start investing to build an emergency fund, then that emergency fund has no value. If an investor follows DCA and at the same time builds an emergency fund for 3-4 months, then at the same time his emergency fund will be built along with his investment. As a result, on the one hand, he can increase the amount deposited by DCA of Bitcoin and on the other hand, he will also build an emergency fund.

The way I see it, The sequence between investing and building an emergency fund is important. Without a buffer, any unexpected expense could force liquidation of Bitcoin during unfavorable market conditions, which undermines long-term accumulation. That is why many emphasize establishing an emergency fund first......At the same time, allocating part of your income to DCA while gradually setting aside 3 to 4 months of living costs allows both consistent Bitcoin accumulation and gradual financial resilience.

[Miramax12]

You are absolutely right that it is important to have an emergency fund so that we do not have to sell Bitcoin at a difficult moment and of course we must have an emergency fund before investing. There are most new investors who enter the investment but do not make their financial plan and emergency fund before entering.

Yes having an emergency fund is important when investing in Bitcoin but it's not a must to have it first before getting started into accumulating Bitcoin, what is most important at first is having your discretionary income this is what you use in accumulating Bitcoin then on the process you can think of setting your emergency fund gradually by then you have already been accumulating Bitcoin with your discretionary income either using the DCA strategy and HODL.

I agree with you, it is definitely worthless to think of an emergency fund before investing. One should start investing first and then build an emergency fund to regularize that investment. If one does not start investing to build an emergency fund, then that emergency fund has no value. If an investor follows DCA and at the same time builds an emergency fund for 3-4 months, then at the same time his emergency fund will be built along with his investment. As a result, on the one hand, he can increase the amount deposited by DCA of Bitcoin and on the other hand, he will also build an emergency fund.

when you invest early definitely it has benefits, especially with strategies like DCA where consistency matters i think having at least a small emergency fund it is very important, even just 1 or 2 months of expenses you can create a safety net so that you will not be forced to pull out your investment early if unexpected happens. building both side by side it will be of good help, than depending on someone's financial situation.

[ChocolateBitcoinK]

DCA method is good for all investors, it doesn’t have to be the ordinary investor or the government before this method of investment can be used. If you look at the many opportunities you can get to accumulate more bitcoin using the DCA method, you may want to switch to it and not rely on other methods of investment when investing in bitcoin. Government may be large institutions who lump sum anytime they have the money to buy bitcoin, but they also use the DCA method also, but they do it strategically anytime there is an opportunity for it.

That is just the truth about the DCA method, which is why, now that they are aware of it, many individuals would rather use it while investing in Bitcoin. Because it made things easier and cheaper in terms of accumulating bitcoin, some people claim that there is an alternative technique to the DCA, but all I know is that the DCA method is the best option for investors.

Of course, the best proven strategy for investing in Bitcoin is the DCA strategy, firstly, it allows you to accumulate Bitcoin at an average price, completely avoiding market volatility, and secondly, it builds up a large capital in the long term by investing in small amounts regularly. All in all, there is no better strategy than DCA for long-term Bitcoin accumulation, DCA is a safe and usable way for all types of investors, and the right decision is to keep buying Bitcoin consistently.

[Nightwatchmare]

You are absolutely right that it is important to have an emergency fund so that we do not have to sell Bitcoin at a difficult moment and of course we must have an emergency fund before investing. There are most new investors who enter the investment but do not make their financial plan and emergency fund before entering.

Yes having an emergency fund is important when investing in Bitcoin but it's not a must to have it first before getting started into accumulating Bitcoin, what is most important at first is having your discretionary income this is what you use in accumulating Bitcoin then on the process you can think of setting your emergency fund gradually by then you have already been accumulating Bitcoin with your discretionary income either using the DCA strategy and HODL.

I agree with you that it isn't a must or compulsory to set aside emergency funds before you can start accumulating bitcon because since there's no existing bitcoin portfolio you can possibly protect the emergency funds with if unexpected problem should happen, i think it's unwise for someone to build up his or her emergency funds first before getting started with accumulating Bitcoin. Instead of building up your emergency funds and later accumulate bitcoin, if you can figure out your 3 months expenses, it is better you get started with accumulating or investing in Bitcoin, and after some months into your accumulation process, you can start building up your emergency funds as you are accumulating bitcon should in case unexpected problem happens, you can see where to depend and solve the problem without you selling part of your Bitcoin to get it solved.

[Gost ms]

You are absolutely right that it is important to have an emergency fund so that we do not have to sell Bitcoin at a difficult moment and of course we must have an emergency fund before investing. There are most new investors who enter the investment but do not make their financial plan and emergency fund before entering.

Yes having an emergency fund is important when investing in Bitcoin but it's not a must to have it first before getting started into accumulating Bitcoin, what is most important at first is having your discretionary income this is what you use in accumulating Bitcoin then on the process you can think of setting your emergency fund gradually by then you have already been accumulating Bitcoin with your discretionary income either using the DCA strategy and HODL.

Never does a person buy using HODL. HODL is to hold until your time limit after investing, so it is to continue buying continuously through the HODL.DCA method and hold it for a long time. But HODL never helps us buy.

We do not need much to invest. We have a source of discretionary income, basic knowledge about Bitcoin, and faith in Bitcoin. If we have these things, then we should never delay investing. An emergency fund can be created along with investing. An emergency fund is not something that needs to be in advance. And if a person already has an emergency fund, it is very good. But it will never be the right decision to create an emergency fund by stopping investing.

[ruykeri]

There is a saying in our native language, from whatever you earn, keep some part for basic needs and save the rest for the future. Maybe one day you will fall ill and you will be able to remove your illness and lack and basic needs through savings. Exactly, I want to add something more to your words, because a daily wage earner earns some income. And he must keep some part of the income aside for the future, exactly what I want to say is that it is most important to connect those saved money with Bitcoin. Because the more you deposit in Bitcoin, the better you will be able to move forward economically, it is possible to achieve multiple benefits.

If you are a low-income person, you should not invest all your savings. Because as you mentioned, you need to save for the future, but if you invest all your savings, we know that if you invest in Bitcoin, you should hold it for a long time. Now if you invest all your savings, how will you get treatment if you get sick? So after meeting your needs with your income, you should not invest the entire amount, you should keep a fund for emergencies.

No matter how low or high a person's income is, he should always invest in Bitcoin with his discretionary income. If he invests in Bitcoin with his necessities or household expenses, it will not be an investment. It will be trading or gambling. If he invests in this way, he will not be able to keep it for a long time, and if he invests for a short period of time, he will make relatively small profits or he will have a high chance of losing money. However, if someone earns relatively little money but still has some money as discretionary income at the end of the month, then he can invest from there if he wants. If he wants, he can get to a much better position by investing just $10 per week. If he develops the mindset of making investment for a long time, he will be in a better position even if he invests less money. If someone followed DCA weekly for $10 four years ago and invested in Bitcoin. Then he would have an investment of  $2,090.00 and his total Bitcoin would be 0.054902 and his current profit return would be 188.50%. Currently, his Bitcoin value would be $ $6,030.21 which is much more profitable than any other investment.

So even if a person has a low income, if he can invest in the right way and follow DCA method with discretionary income, then he will be in a good position in the future. However, to run the investment for a long time, he must form an emergency fund and reserve fund. As a result, if he faces any financial problem in the future, like you said, if he needs a large amount of money for treatment, he can get his emergency or take that money from the fund and solve any kind of financial problem.

[Tamaperdana]

...

I agree that having safety net like reserve fund and steady income is important for investing in Bitcoin. But you can invest without them it brings much of stress and risk. As you said worrying about covering unexpected bills can force you to sell your Bitcoin at bad time which can cause you to lose money. Having strong financial base allows you to invest with confidence handle market ups and downs without panicking and stick to successful long term plan. Your advice is great it is important to build financial security first.

It's not enough to just invest in Bitcoin, but you have to effectively hold your investment for the long term, and it's important to take all the necessary measures for this.
You must create financial stability, you must continue to invest in Bitcoin consistently by keeping a stable source of income.
And later, you must have funds to sustain your investment for the long term, when you face an emergency or unexpected expense, you must have this preparation and mindset so that you can handle the situation without getting into any problems.
However, in preparing emergency funds, you do not need to prepare emergency funds before investing, because this may delay your investment, which is never the right thing to do.
Invest first, then ensure the long-term security of your investment by preparing funds as soon as possible, and keep the investment consistent, then it will give you a better chance of success.

I think it actually depends on individual case and risk level. Investing in Bitcoin with no reserve fund can easily get one into a panic situation when an emergency arises and only has no alternative but to sell off his Bitcoin at an inconvenient moment where most times it will be a loss. That is why in my case it makes more sense to create a certain financial cushion first, although it may be worthwhile to put off the beginning of investment somewhat. Having that safety net provides the benefits of holding in Bitcoin through volatility without fear in the long run. It is important to be consistent with buying but when your personal finances are not stable it is extremely difficult to be consistent. By developing a solid foundation, then you will be able to invest with confidence, as you are following your long term plan and not making any emotional decisions when the market moves. Ultimately there must be stability and consistency but I think that the stability must always come first in order to make the investment journey count.

Yes, financial stability is crucial when investing in Bitcoin. Long-term investment in Bitcoin requires thorough preparation to ensure smooth operation. Then there's the matter of preparing an emergency fund when investing in Bitcoin. I think everyone has a different perspective on this. Some argue that a reserve fund can be built up once the Bitcoin investment is already underway. I personally agree with this, as there's no harm in doing so. The most important thing is to ensure that we can manage our Bitcoin investment while simultaneously building a reserve fund.

If, for example, we're investing in Bitcoin while building an emergency fund and find it quite difficult, I think that's not a good idea. So, what if we build an emergency fund before starting to invest in Bitcoin? I think that's possible. While it's true that doing this might miss out on a lot of momentum, perhaps when we start investing in Bitcoin, we'll be much more comfortable with an emergency fund. So, I think it all depends on each person's circumstances and readiness. Because basically both methods are equally good and have their respective advantages.

[Silikiem]

it allows you to accumulate Bitcoin at an average price, completely avoiding market volatility,

In as much as the DCA method allows you to accumulate bitcoins at an average price by spreading out your purchase over time, that means you can buy bitcoin at any price with your discretionary income using the DCA method, but I don’t think you’re completely avoiding the market volatility. The market volatility is an integral part of the bitcoin Market which refers to the upwards and downward movements of the bitcoin price and at such you cannot avoid it completely rather the DCA will only help you to reduce the impact of the volatility of the market and also it will save you the stress which most investors go through by timing the market always before they invest. You don’t completely avoid bitcoin price volatility at any accumulation strategy or methods, what the DCA only does is to reduce the severity of the impact of the market volatility in you, i.e you won’t feel it too much as regards to the severity of the unstable bitcoin price and thus mitigating your risks.

[Lidger]

DCA method is good for all investors, it doesn’t have to be the ordinary investor or the government before this method of investment can be used. If you look at the many opportunities you can get to accumulate more bitcoin using the DCA method, you may want to switch to it and not rely on other methods of investment when investing in bitcoin. Government may be large institutions who lump sum anytime they have the money to buy bitcoin, but they also use the DCA method also, but they do it strategically anytime there is an opportunity for it.

That is just the truth about the DCA method, which is why, now that they are aware of it, many individuals would rather use it while investing in Bitcoin. Because it made things easier and cheaper in terms of accumulating bitcoin, some people claim that there is an alternative technique to the DCA, but all I know is that the DCA method is the best option for investors.

This is undoubtedly the best strategy for investing in Bitcoin and most investors are currently investing using the DCA investment strategy.

A new strategy, but why is it so popular with investors? There are certainly some important reasons behind it, yes, it is a method where no one regrets investing because earlier we had a misconception that to invest in Bitcoin, you have to earn a lot of money or have a lot of money, but after learning about the DCA investment strategy, now people of all professions can invest in Bitcoin if they want. Maybe those who have a high income or have a lot of money are consistently investing a lot of money, but those who earn a relatively small amount of money have a low investment amount, but everyone can invest in Bitcoin.

Earlier, we used to do this in terms of investment that if we had an investment plan, we would gradually deposit money into our account and when that amount of money was relatively high, we would buy Bitcoin, but during the time that passed in between, there would be many investment opportunities that we would miss. But now, instead of saving money separately, we can consistently buy Bitcoin with that money. So even if the price drops, we can still buy Bitcoin there, and even if the price increases slightly, our investment remains there, meaning that overall our investment balance is being maintained.

it allows you to accumulate Bitcoin at an average price, completely avoiding market volatility,

In as much as the DCA method allows you to accumulate bitcoins at an average price by spreading out your purchase over time, that means you can buy bitcoin at any price with your discretionary income using the DCA method, but I don’t think you’re completely avoiding the market volatility. The market volatility is an integral part of the bitcoin Market which refers to the upwards and downward movements of the bitcoin price and at such you cannot avoid it completely rather the DCA will only help you to reduce the impact of the volatility of the market and also it will save you the stress which most investors go through by timing the market always before they invest. You don’t completely avoid bitcoin price volatility at any accumulation strategy or methods, what the DCA only does is to reduce the severity of the impact of the market volatility in you, i.e you won’t feel it too much as regards to the severity of the unstable bitcoin price and thus mitigating your risks.

If there was no volatility in the Bitcoin market, would you invest in Bitcoin? Of course you would not invest in Bitcoin and Bitcoin would not be so popular. There are many stable coins in the market that people do not invest in, but people invest in those coins whose markets fluctuate constantly. Then you may ask why people are investing in Bitcoin when there are so many coins in the market, there are enough reasons behind investing. All other coins in the market are not reliable, on the contrary, Bitcoin is a reliable currency, even if there is volatility in the Bitcoin market, it is not suddenly very high or suddenly very low, it is very much in the average ratio. We hear such news about many coins in the market that a particular coin has disappeared from the market but since Bitcoin came to the market, it has gained popularity among people and the price of Bitcoin has touched a record.
Hopefully, these few reasons are enough to invest in Bitcoin.

[Olatundespo]

~snip

The Bitcoin market is always volatile and those who have managed to avoid this volatility for the long term have achieved success, and those who can maintain this continuity in the future can certainly achieve good success.

As an investor is it really possible to avoid volatility since we all know that volatility is an integral part of the bitcoin market? So I am wondering how can someone avoid volatility for the long term? What you said here is totally wrong in my perspective. Do I need remind you that volatility is the upward and downward movement of bitcoin price over time. So how do you avoid bitcoin price volatility when you have bitcoin in your portfolio and still be successful?

Note: I am just a newbie trying to learn new things every day.

Volatility is an integral part of the Bitcoin market. You asked a question, is it possible to avoid volatility? The answer is yes, it is possible. Consider that you have a discretionary income stream coming in every week and you want to accumulate Bitcoin from it. This is the only way to reduce your mental volatility. If I explain it to you a little more clearly maybe you will be able to understand it better. If you consistently accumulate Bitcoin in the DCA method it will not only grow your portfolio but also gain extensive experience in the market due to the long term nature of the market as the price of Bitcoin is volatile and you continue to hold Bitcoin without any stress. When you are continuing to create holding you will be able to create a investment defence wall regardless of market volatility and your financial strength will continue to grow over time.

I’m quite confused, on how possible it is to avoid the volatility with your response, Volatility is just a part of the Bitcoin ecosystem, whichever way we choose Bitcoin will always be volatile, and there is nothing anyone can do about it, but what you owe yourself is to try and have a discretionary income, and you can conquer the volatility nature by accumulating with the DCA, but that still doesn’t mean that we can be able to avoid volatility nature, sometimes it will also present different opportunities in the market and if you have money you can as well take the advantage

I said in my first sentence in my article that volatility in the Bitcoin market is an integral part of it. Here I have only talked about market volatility. I have talked about mitigating the kind of volatility that arises in your investment due to volatility in the Bitcoin price market. I have recommended following the DCA method in any price situation to reduce the volatility mentally. There will be volatility in the Bitcoin eco-system but you as an investor have to keep yourself stable to keep it. You should have a long term accumulation plan by applying the DCA strategy through discretionary income.

Volatility is an integral part of the Bitcoin market. You asked a question, is it possible to avoid volatility? The answer is yes, it is possible. Consider that you have a discretionary income stream coming in every week and you want to accumulate Bitcoin from it. This is the only way to reduce your mental volatility. If I explain it to you a little more clearly maybe you will be able to understand it better. If you consistently accumulate Bitcoin in the DCA method it will not only grow your portfolio but also gain extensive experience in the market due to the long term nature of the market as the price of Bitcoin is volatile and you continue to hold Bitcoin without any stress. When you are continuing to create holding you will be able to create a investment defence wall regardless of market volatility and your financial strength will continue to grow over time.

It seems like you are a bit confused here, am talking of the highlighted statement in your write up, because to the best of my knowledge, volatility is one of the nature of Bitcoin, so is their anyway to avoid it completely? No.
Their is no point getting worked up about volatility because it's part and parcel of bitcoin, so the ideal thing to do is to keep on buying Bitcoin consistently either weekly or monthly, because this current price of Bitcoin is no where near the price it might rise up to in the future, so why disturbing yourself about volatility when the price is till cheap now regardless of how volatile the market is?
Just try am accumulate a huge of bitcoin and hold, because in the future you will be very happy with yourself that you take action now that it's still very cheap.

I have clearly stated the nature of Bitcoin and its price volatility. There is no room for confusion on this issue. If you are confused in any way, you can read my article again. I have highlighted the volatility of investors with market volatility and the DCA strategy to mitigate it and said that if investors deposit Bitcoins through the DCA method, then this method will be applied and they will be able to easily reach their goals and create a huge stack of Bitcoins.

[DubemIfedigbo001]

There is a saying in our native language, from whatever you earn, keep some part for basic needs and save the rest for the future. Maybe one day you will fall ill and you will be able to remove your illness and lack and basic needs through savings. Exactly, I want to add something more to your words, because a daily wage earner earns some income. And he must keep some part of the income aside for the future, exactly what I want to say is that it is most important to connect those saved money with Bitcoin. Because the more you deposit in Bitcoin, the better you will be able to move forward economically, it is possible to achieve multiple benefits.

If you are a low-income person, you should not invest all your savings. Because as you mentioned, you need to save for the future, but if you invest all your savings, we know that if you invest in Bitcoin, you should hold it for a long time. Now if you invest all your savings, how will you get treatment if you get sick? So after meeting your needs with your income, you should not invest the entire amount, you should keep a fund for emergencies.

so you build an emergency fund to invest, on the other hand,  

No you do not necessarily need to build out your emergency fund before investing into bitcoin, as long as you can identify that you have discretionary income present, you can build out your emergency fund alongside you bitcoin accumulation until it is up to at least three months' worth of your living expenses after then you can channel the funds meant for it into your bitcoin accumulation to increase your aggressiveness until you have a real emergency and uses it up or parts of it and there comes the need to rebuild it again.

you can use the DCA strategy to meet the basic needs of your family and bring forward your small investment.  Do it because it is good and effective for you.

No again, DCA strategy is employed in your bitcoin investment and not your family needs, this is because in DCA strategy, you are required to be buying as much bitcoin as possible consistently, but in your family you need to settle all expenses before you can identify to have some discretionary income which you would eventually keep investing into bitcoin using the DCA strategy.

[SPIDERMAN008]

You are absolutely right that it is important to have an emergency fund so that we do not have to sell Bitcoin at a difficult moment and of course we must have an emergency fund before investing. There are most new investors who enter the investment but do not make their financial plan and emergency fund before entering.

Yes having an emergency fund is important when investing in Bitcoin but it's not a must to have it first before getting started into accumulating Bitcoin, what is most important at first is having your discretionary income this is what you use in accumulating Bitcoin then on the process you can think of setting your emergency fund gradually by then you have already been accumulating Bitcoin with your discretionary income either using the DCA strategy and HODL.

I agree with you, it is definitely worthless to think of an emergency fund before investing. One should start investing first and then build an emergency fund to regularize that investment. If one does not start investing to build an emergency fund, then that emergency fund has no value. If an investor follows DCA and at the same time builds an emergency fund for 3-4 months, then at the same time his emergency fund will be built along with his investment. As a result, on the one hand, he can increase the amount deposited by DCA of Bitcoin and on the other hand, he will also build an emergency fund.

when you invest early definitely it has benefits, especially with strategies like DCA where consistency matters i think having at least a small emergency fund it is very important, even just 1 or 2 months of expenses you can create a safety net so that you will not be forced to pull out your investment early if unexpected happens. building both side by side it will be of good help, than depending on someone's financial situation.

Keeping an emergency fund is very important for investing in Bitcoin. Bitcoin is a matter of long-term investment. If you do not invest for a long time, you will never get the expected profit. Sometimes there is a high possibility of loss. And if you invest for a long time by following regular DCA, then you definitely need a backup fund. Because many times many types of financial problems come in people's lives. Then if you cannot solve that problem and if you need a lot of money, you can sell Bitcoin to solve that problem. And if the price of Bitcoin is relatively low at that time, then you will ultimately lose. So when you start investing with discretionary income, if you form an emergency fund along with the investment, you will be able to solve such financial problems in the future without selling Bitcoin.