Buy the DIP, and HODL!

[Showlove01]

great for everyone diving into crypto.

What are you even talking about in this space, Don’t you know bitcoin? You’re meant to be talking about bitcoin and not crypto, and you might probably be referring to some shitty coins, and your statement might probably be misleading for newbies here, because when people hear about shit coins it sounds unappreciated to some individuals who knows what Bitcoin is all about and wouldn’t want to emphasize on some shitty coin in this domain.

I don't think he's misleading anyone, and he's even right. To be a smart investor, you must understand or master balance and risk management, because without these, you won't be successful in the crypto world. He also said having both is good for anyone involved in the crypto world.

You need to read the history again. Bitcoin can be called crypto, or more specifically, Bitcoin is the first and largest cryptocurrency. So, it's very strange to say Bitcoin isn't crypto. That's why Bitcoin can't be compared to other coins, because Bitcoin is the first crypto coin, and all of us involved in the crypto world must prioritize Bitcoin as an investment asset in the future.

I get your point, but calling Bitcoin not crypto is not quite convincing when you take one look at the history. It was called in the whitepaper by Satoshi a literal peer-to-peer electronic cash system and Bitcoin was the first cryptocurrency of many thousands that arose before the appearance of thousands of altcoins. The point is that the Bitcoin is different since it does not have a team of founders, no marketing tricks, and a long history. And yes, it is crypto, but not in that way speculative tokens that enter and leave. Just do not treat Bitcoin like all the coins in the world, but you should not deny what this is.

Please do not be deceived, Bitcoin is not crypto rather it is a digital asset with great potential and so calling it crypto will complicate things here especially to newbie that have not fully known what Bitcoin and crypto is. I'm still learning so are you and I have come across where sir JJG clarify the issue of Crypto and Bitcoin and not only JJG, some folks here who understands better has also made a clarification so bringing up this again doesn't make sense and like I said it will distract and make newbie have another perspective which is not good.

[Churchillvv]

I get your point, but calling Bitcoin not crypto is not quite convincing when you take one look at the history. It was called in the whitepaper by Satoshi a literal peer-to-peer electronic cash system and Bitcoin was the first cryptocurrency of many thousands that arose before the appearance of thousands of altcoins. The point is that the Bitcoin is different since it does not have a team of founders, no marketing tricks, and a long history. And yes, it is crypto, but not in that way speculative tokens that enter and leave. Just do not treat Bitcoin like all the coins in the world, but you should not deny what this is.

From the context of this thread, it is very obvious that we are only taking about bitcoin and referring to bitcoin as crypto sounds like you don’t really understand what we are talking about here bitcoin the title of the thread says but the dip and HODL, hence we only use the world crypto here when referring to to some form of shitcoin.

So why not say bitcoin when you are referring to bitcoin that sounding vague and however trying to defend a fact that is clearly stated even in the op hence it only means that you probably don’t know what you are talking about here hence I advise you refrain from the world crypto when you talk about bitcoin.

I’m also waiting for JayJuanGee because of you used a trigger button!

[Sonia_123]

It all depends on intention, not just a budget allocated specifically for Bitcoin investments. There are also people who have a substantial monthly income but have no intention of investing in Bitcoin, so they are not considered investors because their intention is not Bitcoin. Meanwhile, people who do intend to invest in Bitcoin will usually continue to strive within their own capabilities while finding ways to continue doing so more consistently under any circumstances, including the current situation.

I am more confident that Bitcoin will rise again this month, and its price has now exceeded $110,000, which is quite good for those who still accumulate Bitcoin purchases weekly. So, let's just carry out the ideas we have individually without having to worry about people who don't believe in Bitcoin because Bitcoin adoption is increasing so the potential for growth will always be there.

Everything must be coordinated, and planning from the start is certainly a key factor. Therefore, we need broader knowledge to determine which investment options are best.

Regarding the strategy we use to accumulate Bitcoin, I believe we have full authority over that and know best what's best, based on our income and ability to set aside funds for investment. The best approach right now is to use the DCA method.

The current Bitcoin price hasn't fully recovered, with no significant movement in the past few days, so I'm still pessimistic about a major increase.
However, personally, I prefer the current price; I think we can buy more for the future.

The price of Bitcoin is still relatively low compared to the future. However, this year the price of Bitcoin has not fallen much, nor has it gone up. However, it has been observed that it has reached an all-time high. However, the price of Bitcoin has been relatively stable for the past few months. There are still many people who are holding Bitcoin, but the holders are now many rich people. Or large institutions. And taking advantage of this price increase, many people who have invested in Bitcoin for the last 10 years or have been investing regularly are selling it at this time. Maybe that is why Bitcoin is available in the market. And because there are institutions and people to hold it, those Bitcoins are being sold. That is why the price is not rising much.

Many new investors have short-term plans for investing in Bitcoin. It can be said that they expect quick profits, but Bitcoin has long-term benefits. However, to achieve this in the long term, your existing knowledge and experience are very important because the price of Bitcoin will fluctuate. However, if you are new, you may be quite scared, so you need to always be aware of the long-term path to investing.

Also your adopted strategy is important when making your investment plan, the strategy and financial status you apply will determine how far you can go in your investment either long term or not.
 There are some folks that are very eager to invest but don't have discretionary income to start with yet they go as far as borrowing money to start investing which is very wrong to start with, how do you now expect that person to fund his continuous investment when the interest is increasing and no other ways of income, in that way when the pressure from the loaners comes, he ends up selling his investment prematurely because he has not properly planed for his investment before starting, if he had been able to figure out his discretionary income from whatever he had and adopting the DCA strategy to accumulate and hold it little by little until he his very stable financial he would not have ended up loaning that will make him fall out the investment on time

[Fuso.hp]

Many new investors have short-term plans for investing in Bitcoin. It can be said that they expect quick profits, but Bitcoin has long-term benefits. However, to achieve this in the long term, your existing knowledge and experience are very important because the price of Bitcoin will fluctuate. However, if you are new, you may be quite scared, so you need to always be aware of the long-term path to investing.

Maybe the category of investors you mentioned do not invest but rather they buy and sell Bitcoin, that is, we consider it as trading. Those who have been successful in investing in the past and who are big investors always have such expectations for newcomers that newcomers always invest consistently in a long-term plan. Basically, Bitcoin is a reliable digital currency and the popularity of this reliable digital currency has increased gradually and with the increase in popularity, its value has increased a lot. Those who want to succeed by investing here must be patient and hold their investment for a long time. Those who can invest continuously for three to four years or can hold their investment for this long time must definitely earn something good from the investment at the end of this specific time.

Although it is not difficult for everyone to hold the investment for such a long time, but we must do this difficult work, then we will see success.

[LokhcfyBit]

I just like the way you make your comments  and speak your mind without sugarcoating anything and you stick to your plans and strategies. Truly all we’re discussing and repeating is how guys can accumulate bitcoin effectively and as each of us are different so also is our mental and financial capabilities. So one should study, learn, practice, plan and re-strategise to find out what works best for him and what suits his financial capabilities and stick to it.
Hearing your suggestions and opinion is always enlightening to me, even when you’re against popular opinion, I just know it comes from a place of experience and Knowledge. It’s always good to have different views on certain topics for a better learning.

If a person waits to invest, to study, to learn, to practice, to plan and to re-engineer before investing, then it will never be the right decision. Because a person needs to start investing first. It does not require much to start investing, if a person has basic knowledge about Bitcoin and a source of discretionary income, then that person can start investing. If a person waits to gain knowledge, then it will never be the right decision. You can learn everything after investing. So we never need much before investing.

There is never a perfect time to invest in Bitcoin, because the price of Bitcoin can reach high levels in a matter of minutes, so it is foolish to wait for the right time to invest, in this case, you use the DCA strategy to invest, it relieves you of such challenges as when to enter the market or when to exit, on the other hand you can continue your investment for a long time if you buy consistently.

[Tamaperdana]

It's unwise to invest in Bitcoin with our savings because that's not the right way to go about Bitcoin investment and any investor who indulge in such practice won't last long in Bitcoin investment since there's a big possibility we will use the money meant for our expenses to invest in Bitcoin, and when it's time for us to solve our expenses, we won't have enough money to take care of our expenses and we will completely depend on our Bitcoin investment to sort ourselves out. It's always wise we invest in Bitcoin with our discretionary income so that we will always be fit to solve our expenses, and it will help us to remain in the game for a very long time.

I don't think it's a problem if someone invests in Bitcoin using their savings. Savings are essentially the money left over from the money we've already used for our needs. Therefore, savings can be considered discretionary funds, but the difference is that they've been accumulated well in advance. So, don't assume savings aren't discretionary funds; in my opinion, they are. Therefore, it's actually a good idea to convert savings into Bitcoin, as this will certainly protect them from inflation and will undoubtedly increase in value. So, the point is, don't confuse anyone with your assumptions, because you might be misunderstanding this too. Money for necessities and money for savings are two different types of funds.

I disagree with you dude, only discretionary should be use to invest in Bitcoin and in case you have forgotten, when we made mention of savings it comprises of discretionary, emergency, backup funds etc and so you should specified what saving because emergency funds and backup funds can not be used to invest or accumulate Bitcoin else you will suffer it in time coming. So please don't make newbie here believe we can use our saving to invest in Bitcoin because that is not true, only discretionary income should be used to accumulate Bitcoin.

I think we have quite different perspectives on savings here, and I see that you view savings as containing various funds (emergency funds, discretionary funds, and reserve funds). But what I know and have practiced so far is that reserve funds and emergency funds are not included in the list of savings, and I always keep them separate. So, with that in mind, the savings I had (before investing in Bitcoin) were absolutely discretionary funds. That's why I said that savings can also be used to invest in Bitcoin.

But if the context is as you say, namely combining emergency funds, reserve funds, and discretionary funds within savings, I think it's true that the money must be separated first if you want to invest in Bitcoin. But if the context is as I said, I think it's possible to use savings to invest in Bitcoin. Because essentially, it's not a reserve fund, let alone an emergency fund. And my advice is not to combine emergency funds and reserve funds with savings, so you don't have a headache when you have to use them.

[Miramax12]

It all depends on intention, not just a budget allocated specifically for Bitcoin investments. There are also people who have a substantial monthly income but have no intention of investing in Bitcoin, so they are not considered investors because their intention is not Bitcoin. Meanwhile, people who do intend to invest in Bitcoin will usually continue to strive within their own capabilities while finding ways to continue doing so more consistently under any circumstances, including the current situation.

I am more confident that Bitcoin will rise again this month, and its price has now exceeded $110,000, which is quite good for those who still accumulate Bitcoin purchases weekly. So, let's just carry out the ideas we have individually without having to worry about people who don't believe in Bitcoin because Bitcoin adoption is increasing so the potential for growth will always be there.

Everything must be coordinated, and planning from the start is certainly a key factor. Therefore, we need broader knowledge to determine which investment options are best.

Regarding the strategy we use to accumulate Bitcoin, I believe we have full authority over that and know best what's best, based on our income and ability to set aside funds for investment. The best approach right now is to use the DCA method.

The current Bitcoin price hasn't fully recovered, with no significant movement in the past few days, so I'm still pessimistic about a major increase.
However, personally, I prefer the current price; I think we can buy more for the future.

The price of Bitcoin is still relatively low compared to the future. However, this year the price of Bitcoin has not fallen much, nor has it gone up. However, it has been observed that it has reached an all-time high. However, the price of Bitcoin has been relatively stable for the past few months. There are still many people who are holding Bitcoin, but the holders are now many rich people. Or large institutions. And taking advantage of this price increase, many people who have invested in Bitcoin for the last 10 years or have been investing regularly are selling it at this time. Maybe that is why Bitcoin is available in the market. And because there are institutions and people to hold it, those Bitcoins are being sold. That is why the price is not rising much.

Many new investors have short-term plans for investing in Bitcoin. It can be said that they expect quick profits, but Bitcoin has long-term benefits. However, to achieve this in the long term, your existing knowledge and experience are very important because the price of Bitcoin will fluctuate. However, if you are new, you may be quite scared, so you need to always be aware of the long-term path to investing.

Also your adopted strategy is important when making your investment plan, the strategy and financial status you apply will determine how far you can go in your investment either long term or not.
 There are some folks that are very eager to invest but don't have discretionary income to start with yet they go as far as borrowing money to start investing which is very wrong to start with, how do you now expect that person to fund his continuous investment when the interest is increasing and no other ways of income, in that way when the pressure from the loaners comes, he ends up selling his investment prematurely because he has not properly planed for his investment before starting, if he had been able to figure out his discretionary income from whatever he had and adopting the DCA strategy to accumulate and hold it little by little until he his very stable financial he would not have ended up loaning that will make him fall out the investment on time

Too many people get caught up in the hype of investing without first building the financial foundation to support it. Investing should come from a place of surplus, not pressure. That’s why understanding your cash flow and adopting sustainable strategies like DCA is key. Long-term wins aren't built on short-term panic moves.

[Barikui1]

Too many people get caught up in the hype of investing without first building the financial foundation to support it.

Talking about this your statement here, I don't necessarily think that you must be solid financially before you can start investing in Bitcoin, once you have a discretionary income that will enable you to invest in Bitcoin consistently, you are good to go, along the line you can be working on your finances to make it more stable and reliable, but waiting to build a solid foundation financially first before starting is another way to delay your Bitcoin investment journey.

Investing should come from a place of surplus, not pressure.

Yes, you are actually right here, investment in Bitcoin should only be done with our discretionary income, which is Money left after all our basic needs have been met, so that we will not be in any kind of pressure financially, so you are actually right here.

[Publictalk792]

Maybe the category of investors you mentioned do not invest but rather they buy and sell Bitcoin, that is, we consider it as trading. Those who have been successful in investing in the past and who are big investors always have such expectations for newcomers that newcomers always invest consistently in a long-term plan. Basically, Bitcoin is a reliable digital currency and the popularity of this reliable digital currency has increased gradually and with the increase in popularity, its value has increased a lot. Those who want to succeed by investing here must be patient and hold their investment for a long time. Those who can invest continuously for three to four years or can hold their investment for this long time must definitely earn something good from the investment at the end of this specific time.

Although it is not difficult for everyone to hold the investment for such a long time, but we must do this difficult work, then we will see success.

Exactly there is big difference between trading and investing. Trading is about buying and selling quickly for fast profits and investing is about holding onto something for long time. You are right that many experienced people suggest holding Bitcoin for long term. Since Bitcoin value has increased over time keeping it for few years has worked well for many. It takes patience but as you said holding onto it can lead to good returns.

[LokhcfyBit]

Too many people get caught up in the hype of investing without first building the financial foundation to support it.

Talking about this your statement here, I don't necessarily think that you must be solid financially before you can start investing in Bitcoin, once you have a discretionary income that will enable you to invest in Bitcoin consistently, you are good to go, along the line you can be working on your finances to make it more stable and reliable, but waiting to build a solid foundation financially first before starting is another way to delay your Bitcoin investment journey.

Investing should come from a place of surplus, not pressure.

Yes, you are actually right here, investment in Bitcoin should only be done with our discretionary income, which is Money left after all our basic needs have been met, so that we will not be in any kind of pressure financially, so you are actually right here.

I agree with you, as long as you live, you may have to face a sudden disaster, think you took a member of your family to the hospital where he is seriously ill and you may have to spend a lot of money there, so for that money you can break your investment journey, so you first create an emergency fund and invest a small part in Bitcoin, which even if you lose, there will be no obstacle in your own life, because it is important to have a long-term view to invest in Bitcoin. When you are moving forward for the long term, you will almost always have obstacles or you can say panic and on the other hand, try to always refrain from these.

[yixichloro2xx]

I think we have quite different perspectives on savings here, and I see that you view savings as containing various funds (emergency funds, discretionary funds, and reserve funds). But what I know and have practiced so far is that reserve funds and emergency funds are not included in the list of savings, and I always keep them separate. So, with that in mind, the savings I had (before investing in Bitcoin) were absolutely discretionary funds. That's why I said that savings can also be used to invest in Bitcoin.

But if the context is as you say, namely combining emergency funds, reserve funds, and discretionary funds within savings, I think it's true that the money must be separated first if you want to invest in Bitcoin. But if the context is as I said, I think it's possible to use savings to invest in Bitcoin. Because essentially, it's not a reserve fund, let alone an emergency fund. And my advice is not to combine emergency funds and reserve funds with savings, so you don't have a headache when you have to use them.

Because the way you separate emergency, reserve, and discretionary funds depends a lot on personal discipline, it’s important to recognize how this influences Bitcoin investment decisions. Many people confuse “savings” as a single pot of money, but if those categories aren’t clearly divided, then when an emergency happens they might end up liquidating Bitcoin at the wrong time, which defeats the purpose of hodling.

Even if someone considers their discretionary savings as fair game for Bitcoin, the key is consistency and patience. Bitcoin rewards those who allow time preference to shift from short term spending to long term holding. In that sense, your approach of keeping emergency and reserve funds untouched is sound, because it protects the hodl strategy from unexpected life events....Perhaps what matters most isn’t whether we call it “savings” or “funds,” but whether the money allocated to Bitcoin is truly long term capital, meaning it won’t be disturbed by short term needs. That separation is what keeps the hodler’s conviction strong through volatility.

[Taskford]

Maybe the category of investors you mentioned do not invest but rather they buy and sell Bitcoin, that is, we consider it as trading. Those who have been successful in investing in the past and who are big investors always have such expectations for newcomers that newcomers always invest consistently in a long-term plan. Basically, Bitcoin is a reliable digital currency and the popularity of this reliable digital currency has increased gradually and with the increase in popularity, its value has increased a lot. Those who want to succeed by investing here must be patient and hold their investment for a long time. Those who can invest continuously for three to four years or can hold their investment for this long time must definitely earn something good from the investment at the end of this specific time.

Although it is not difficult for everyone to hold the investment for such a long time, but we must do this difficult work, then we will see success.

Exactly there is big difference between trading and investing. Trading is about buying and selling quickly for fast profits and investing is about holding onto something for long time. You are right that many experienced people suggest holding Bitcoin for long term. Since Bitcoin value has increased over time keeping it for few years has worked well for many. It takes patience but as you said holding onto it can lead to good returns.

Many people didn't suggest to trade their Bitcoin its because majority of experience investor knows that Bitcoin would deliver more better result for long term.

Doing short trades with it is unsustainable that's why its not really the best option to take by people.  Lots of traders has been liquidated recently and if they trade their Bitcoin there's a huge chance that same with those traders they also suffer from major loss especially that Bitcoin recently move in sideways.

If they choose to hold Bitcoin and continue to accumulate for sure they would never get worried about those pumps also dumps happening nowadays.

[Mr_Brilliant$]

I think we have quite different perspectives on savings here, and I see that you view savings as containing various funds (emergency funds, discretionary funds, and reserve funds). But what I know and have practiced so far is that reserve funds and emergency funds are not included in the list of savings, and I always keep them separate. So, with that in mind, the savings I had (before investing in Bitcoin) were absolutely discretionary funds. That's why I said that savings can also be used to invest in Bitcoin.

But if the context is as you say, namely combining emergency funds, reserve funds, and discretionary funds within savings, I think it's true that the money must be separated first if you want to invest in Bitcoin. But if the context is as I said, I think it's possible to use savings to invest in Bitcoin. Because essentially, it's not a reserve fund, let alone an emergency fund. And my advice is not to combine emergency funds and reserve funds with savings, so you don't have a headache when you have to use them.

Guys honestly you all are always throwing these terms around, emergency funds, savings, reserve funds, discretionary income, and now I saw discretionary funds within saving(discretionary saving)..  Yes all of that sounds fine, but sometimes I feel like we make this whole Bitcoin DCA talk sound really really too complicated, especially for beginners...   Oya Let’s be real, not everyone can split their income especially small income into 5 or six different categories before they even think of buying Bitcoin..  If you tell someone earning just enough to survive that they need a 3 month emergency fund, reserve fund, savings, discretionary income, and then discretionary savings on top, the person might just lose interest completely…

The truth is, the most important thing here is knowing what fits your own financial stand point...  If your income is low, I would advise you just focus on the basics, for me, that is emergency funds and discretionary income…. Emergency funds because life can surprise you at any time, and without that safety net, you might be forced to sell just to survive..  Discretionary income because that is the money you can truly afford to put into Bitcoin without stressing about it. Then every other category like reserve fund or discretionary savings can come later when your income grows or you are more stable financially. We should not even forget that savings itself could mean money you’re keeping aside for something like school fees, house rent, or some life project you are planning for, so it is not always investment related…

To keep it simple, here is  how I see it:
Emergency Funds – Money you only touch for unexpected situations like job loss, hospital bills, or urgent repairs…    Savings – Money set aside for maybe planned goals, it could eithe either be short term or long term…    Reserve Funds – extra backup beyond savings if you’re privileged enough to have more….  Discretionary Income – the money left after paying all your bills and expenses….   Discretionary Saving – the part of that discretionary leftover you choose to save instead of spend..

Looking at these, you will see clearly that not all of them are necessary for someone just starting out. You can merge some together at the beginning, like your backup and savings can be one. Then just make sure you have emergency funds on one side, and discretionary income to DCA into Bitcoin on the other side. As your income improves, you can start dividing things neatly, but at the start it is better to keep it simple...

I would say Bitcoin investing is not just about how many financial categories you can name, It is about you understanding and accepting you reality, then discipline, patience, and not touching your stack no matter what happen...

[Jostern]

Too many people get caught up in the hype of investing without first building the financial foundation to support it.

Well you don’t really have to build or have a financial foundation before starting an investment into bitcoin, if you have a discretionary income from your income I think you’re absolutely good to start investing in bitcoin, you could start investing little by little, the most efficient way is being consistent in your accumulation journey, probably you might decide to wait after building a financial foundation, the question is what if you don’t end up building that financial foundation that you seems to be talking about, what will you do, will you continue to be waiting to build financial stability? And miss out on opportunities, You don’t even need a financial stability to invest and keep accumulating bitcoin, if you try having that little details on an exchange to buy your bitcoin and also having that mindset of buying and holding that will do you a lot more better instead of waiting for something that you’re not sure of achieving, but you could start now and be building other financial enablers, and adjusting to your expenses and lifestyle to have more numbers on discretionary accounts.

[Silikiem]

so for that money you can break your investment journey, so you first create an emergency fund and invest a small part in bitcoin

Fair enough, no doubt the importance of the emergency funds can not be over emphasized when it comes to our bitcoin investment plan because it really helps to keep our investment afloat as we don’t have to tend to selling our bitcoin holdings when in an emergency situation which requires cash to settle. But it’s not mandatory that you must first create an emergency funds before you get started in accumulating or investing in bitcoin. Not being able to first create the emergency funds shouldn’t stop you from getting started with your bitcoin investment, as you can always build your emergency funds as time goes on and even alongside when accumulating and investing bitcoin . The most important thing is to be able to figure out a discretionary income so you can get started with your accumulation of bitcoin and hold for the long term goal and along the line you can be able to create your emergency funds and remain consistent with your accumulation so you can achieve a significant level of success in your bitcoin investment.

[IceLincoln]

I just like the way you make your comments  and speak your mind without sugarcoating anything and you stick to your plans and strategies. Truly all we’re discussing and repeating is how guys can accumulate bitcoin effectively and as each of us are different so also is our mental and financial capabilities. So one should study, learn, practice, plan and re-strategise to find out what works best for him and what suits his financial capabilities and stick to it.
Hearing your suggestions and opinion is always enlightening to me, even when you’re against popular opinion, I just know it comes from a place of experience and Knowledge. It’s always good to have different views on certain topics for a better learning.

If a person waits to invest, to study, to learn, to practice, to plan and to re-engineer before investing, then it will never be the right decision. Because a person needs to start investing first. It does not require much to start investing, if a person has basic knowledge about Bitcoin and a source of discretionary income, then that person can start investing. If a person waits to gain knowledge, then it will never be the right decision. You can learn everything after investing. So we never need much before investing.

Mr Loyang did see any where in my comment that says wait to invest? Or any phrase suggesting you should wait to know everything before investing?… Please read that again and understand the concept of my writing.
The Journey of bitcoin investment is not a one way ticket, it involves a continuous process and this involves STUDYING to know more about bitcoin and it’s technicalities,  LEARNING new ways of investing (improving on the initial knowledge you started on), You PRACTICE (that’s investing) what you’ve learnt, practice is the only way you know for sure if you have the right knowledge and strategies or not, You PLAN your Finances and make out enough discretionary for your investment purposes (creation of emergency and reserve funds, percentage of discretionary money that goes into bitcoin), from time to time you check out how well you’ve accumulated and what you can improve about your strategy you RE-STRATEGISE if need be and that’s how you grow in this space, and at the end you must have known by experience what works best for you. As you increase and grow in your accumulation, you adapt new strategies, how a newbie is investing isn’t same as an oldie who’s almost close to his over accumulation.
I hope this is more clearer to your understanding.

[Justbillywitt]

I don't think it's a problem if someone invests in Bitcoin using their savings. Savings are essentially the money left over from the money we've already used for our needs. Therefore, savings can be considered discretionary funds, but the difference is that they've been accumulated well in advance. So, don't assume savings aren't discretionary funds; in my opinion, they are. Therefore, it's actually a good idea to convert savings into Bitcoin, as this will certainly protect them from inflation and will undoubtedly increase in value. So, the point is, don't confuse anyone with your assumptions, because you might be misunderstanding this too. Money for necessities and money for savings are two different types of funds.

I disagree with you dude, only discretionary should be use to invest in Bitcoin and in case you have forgotten, when we made mention of savings it comprises of discretionary, emergency, backup funds etc and so you should specified what saving because emergency funds and backup funds can not be used to invest or accumulate Bitcoin else you will suffer it in time coming. So please don't make newbie here believe we can use our saving to invest in Bitcoin because that is not true, only discretionary income should be used to accumulate Bitcoin.

I don't know why the both of you are complicating things for yourselves. But let me try and explain this as simple as I can so you guys can get something right. When an investor get his salary and he removes all the money for family necessities, what he have left is called discretionary income. From that discretionary income he can remove a portion of it to build his emergency funds and his reserved funds. Then he can invest the rest in bitcoin. As times goes on, if the investor sees an opportunity in the market and his salary hasn't come and he doesn't want to miss such an opportunity, he can take money from his reserved funds account to invest in bitcoin and build it back gradually. So yes an investor can buy bitcoin with money from his reserved funds account.

[Proty]

Maybe the category of investors you mentioned do not invest but rather they buy and sell Bitcoin, that is, we consider it as trading. Those who have been successful in investing in the past and who are big investors always have such expectations for newcomers that newcomers always invest consistently in a long-term plan. Basically, Bitcoin is a reliable digital currency and the popularity of this reliable digital currency has increased gradually and with the increase in popularity, its value has increased a lot. Those who want to succeed by investing here must be patient and hold their investment for a long time. Those who can invest continuously for three to four years or can hold their investment for this long time must definitely earn something good from the investment at the end of this specific time.

Although it is not difficult for everyone to hold the investment for such a long time, but we must do this difficult work, then we will see success.

Exactly there is big difference between trading and investing. Trading is about buying and selling quickly for fast profits and investing is about holding onto something for long time. You are right that many experienced people suggest holding Bitcoin for long term. Since Bitcoin value has increased over time keeping it for few years has worked well for many. It takes patience but as you said holding onto it can lead to good returns.

Many people didn't suggest to trade their Bitcoin its because majority of experience investor knows that Bitcoin would deliver more better result for long term.

Doing short trades with it is unsustainable that's why its not really the best option to take by people.  Lots of traders has been liquidated recently and if they trade their Bitcoin there's a huge chance that same with those traders they also suffer from major loss especially that Bitcoin recently move in sideways.

If they choose to hold Bitcoin and continue to accumulate for sure they would never get worried about those pumps also dumps happening nowadays.

Longer term holders are not really moved or bother by market fluctuation. It is typical of short term traders to be panicking whenever there is correction in the price of bitcoin. For this reason to avoid the emotional trauma short term traders go through whenever there is a decline in price of bitcoin or in other to avoid unnecessary loss ,long term investment should be prioritised over short term.  long term holders can't be pressure into making impulsive decisions based on market correction since they are not into bitcoin for short term profit.

[LokhcfyBit]

so for that money you can break your investment journey, so you first create an emergency fund and invest a small part in bitcoin

Fair enough, no doubt the importance of the emergency funds can not be over emphasized when it comes to our bitcoin investment plan because it really helps to keep our investment afloat as we don’t have to tend to selling our bitcoin holdings when in an emergency situation which requires cash to settle. But it’s not mandatory that you must first create an emergency funds before you get started in accumulating or investing in bitcoin. Not being able to first create the emergency funds shouldn’t stop you from getting started with your bitcoin investment, as you can always build your emergency funds as time goes on and even alongside when accumulating and investing bitcoin . The most important thing is to be able to figure out a discretionary income so you can get started with your accumulation of bitcoin and hold for the long term goal and along the line you can be able to create your emergency funds and remain consistent with your accumulation so you can achieve a significant level of success in your bitcoin investment.

Do you think about those who are government employees or dependent on a fixed salary, it is important to raise enough awareness to invest in them, because it may be that they are the main earner of the family and their family depends on them, if a member of their family suddenly falls ill where he has to spend a lot of money, then he may have to sell Bitcoin to meet that money, but here he will get financial help to heal his family member. On the other hand, when he invested, the price of Bitcoin may have been relatively low, but when he sold, he may have made some or a lot of profit. Also, when he wants to invest in Bitcoin, it may not be possible for him to buy Bitcoin in the future at the same price, which may ruin his long-term investment plan.

[Bluedrem]

Talking about this your statement here, I don't necessarily think that you must be solid financially before you can start investing in Bitcoin, once you have a discretionary income that will enable you to invest in Bitcoin consistently, you are good to go, along the line you can be working on your finances to make it more stable and reliable, but waiting to build a solid foundation financially first before starting is another way to delay your Bitcoin investment journey.

If a person does not have a discretionary income, he will never be financially strong. A person is financially prosperous only when he has a discretionary income. Because then he can do anything to gain financial security in the future by using that income. He can become more financially independent by creating an emergency fund with the money from that discretionary income, creating different funds to meet his financial needs in retirement, and investing in different fields, etc.
If I talk about investing in Bitcoin separately, then this too will help him meet his future economic deficit, i.e. to eliminate the financial problems when he does not have an income. If he invests in Bitcoin now, then he will get the maximum advantage in eliminating financial problems later. As you meant, if someone is not financially stable, i.e. if someone does not have an emergency fund along with discretionary income, then he will not be able to prolong his investment. That is absolutely correct. To prolong investment, we need to invest with all the money that we could have managed our life even if we did not have it in our life. That is why investors are advised to invest in Bitcoin using the DCA method using discretionary income, because in this case, the investor is using money that he could have spent his life without.