Buy the DIP, and HODL!

[Sim_card]

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.

Damn it!!!! Maybe, I didn't understand you or I am looking at it from a wrong view. Are you trying to say that before you invest into bitcoin, you need to learn continously about bitcoin and her technicality and after that you can start investing based on what you have learned. You don't need to know all that or try knowing more than the basic knowledge of bitcoin before you can invest. Bitcoin technicality is fucking broad and if you're not a tech savvy, you might find it difficult to understand once.

 You don't need bitcoin technicality as someone who wants to start investing into bitcoin. All you need is your discretionary income and basic knowledge of bitcoin. The rest can be learned simultaneously as you are investing because you are only buying and not selling. If you want to learn all that you mentioned before investing, you will be a no coiner for long and you will miss out the opportunity of buying and building your bitcoin investment earlier. Don't forget that time waits for no one and bitcoin price increases overtime.

[Ryu_Ar1]

When we say that we are at an ATH several times, it is clear that bitcoin is experiencing an increase, so it would be inaccurate to say that bitcoin is not rising or falling because fluctuations always occur. This year, we have experienced a very rapid increase and even reached several ATHs, which is proof that bitcoin's progress is still very good at the moment.

However, on the other hand, this movement is clearly only temporary because with such progress, we could even see Bitcoin reaching higher values compared to today.
So, what should we do? We just need to wait while investing as per our initial plan. DCA, Buy Dip, Lumpsum, or whatever else is possible as a purchasing scheme, and we must be able to minimize the risks involved by being prepared and responsible for our purchases given the current economic conditions (where buying does not burden us in our daily lives because this is for the long term).

Price of bitcoin has moved from $124k down to $110k and you said is just temporary, that there will not be bearish season soon? just watch and see what will happen before the end of September if the price of bitcoin will not decrease more than $100k to convince some investors waiting to buy in the dip to start buying bitcoin and hold because majority of investors are set to use huge amount of funds to buy and hold for long term,  those that apply this method, dollar cost average (DCA) to accumulate bitcoin, always have the opportunity to make a good income from bitcoin investment because they don't like to sell when the price is low than to wait for long years before they can sell to earn double income from their holding.

Even though there has been a decline, isn't it temporary, and if you focus on your long-term goals, it shouldn't bother you? I say it's a temporary decline because, in the end, most people in this thread prefer long-term investments, where they prefer to be in an annual position (rather than short-term investments), let alone trading, so why are you worried about the current decline? We’ve even experienced a decline from $64k to $15k, and it’s fine now—there are no issues. So why are you worried when Bitcoin has dropped from $124k to $110k now?

We just need to make another purchase if the goal is long-term investment for the upcoming halving period, and it might even be more—unless your goal is short-term trading, in which case you might need to be concerned now.

A decline isn't everything because after a decline, there will inevitably be a rebound, and we just need to focus on our long-term goals.
Just because it dropped by $14k, you're already panicking and thinking this is the end of the world? What were you thinking when the previous extraordinary rise happened?
Whether to sell or not depends on each individual's perspective because, after all, all control lies in the hands of the investor themselves. Regardless of whether they want to sell or not, it is up to each individual, but it is important to remember that after selling our portfolio, the bitcoin is no longer ours in the end.

[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.

Before investing, you must have your discretionary income and think about what Dollar Cost Average means, how it works and how to set it in your investment profile. If your income does not meet your basic needs, then you will not be able to maintain your investment in any way for a long time. So, if you want to invest in any asset or Bitcoin for the long term, you must have discretionary income and emergency backup funds, only then can you invest constantly, otherwise your financial flow will be lost in the middle of the investment and due to your needs, you will spend money from there and meet basic needs, which will ruin your investment. So your income should be used to meet your basic needs and if there is excess cash left every month or week, then you can invest that excess or remaining money in Bitcoin and you can set the DCA strategy in your profile and observe whether it is working properly.

In investing, you should start from the present and not backward, and there is no such thing as the perfect time for Bitcoin, in which case you should use the DCA strategy to invest in Bitcoin and keep investing slowly. This will relieve you of challenges such as when to enter or exit the market if you invest mentally on a weekly basis, and on the other hand, you can become an experienced investor from your small investment.

[9ja Amaka]

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.

People like you are the ones that makes it difficult for newbies to kickstart their investment. You have paint investing of Bitcoin to be one difficult and impossible thing to do. You dont need to know the practical and technical part of Bitcoin before you can start investing. From the basic things I have know, it didn't take me long to start buying and now I am doing god with my accumulation. The technical part of Bitcoin are meant for miners, developers and other individual who wish to expand their knowledge. As an actual investor, what you need to know is how to buy, how to secure your Bitcoin with the right wallet, how to keep your seed phrase safe. Keeping it away from scammers and online theft.

[Dareo]

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.

The distinction between discretionary, emergency, and reserved funds is worth mentioning. Risk management emergency or backup funds must never be pegged on such a volatile asset as Bitcoin. It would be rational to use discretionary income or a small part of the saved money as you indicated, but novices must realize the risk of putting a hand on anything that is intended to be applied to necessities. Throughout history, numerous investors who considered all the savings as a form of disposable income found themselves in trouble at low times. Invest only what you can do without it not to have any impact on your day to day life.

[GIF-JOBS]

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.

Long-term investors always move forward with patience and confidence, they know very well that Bitcoin volatility is not a problem for long-term holdings, this volatility is only a cause for concern for those who expect short-term gains, but for those who move forward with a long-term perspective, volatility is basically an opportunity to buy more. Therefore, long-term investors always move forward with patience and confidence and they never suffer from unnecessary worries or make emotional decisions out of panic, and everyone should develop this kind of perspective, it is better to stop chasing short-term gains and move forward with a long-term perspective, this will bring maximum success in the long term.

[Merit.s]

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.

I agree with you on everything that you said. In addition, since you don't have a bitcoin investment, there's no need to start wasting time creating an emergency funds because it isn't that important. Your bitcoin investment should be thw first priority before your emergency funds which is the main reason why if you don't have an emergency funds available before starting your bitcoin investment, you don't need to wait but start your bitcoin accumulation right away and build your emergency funds along side with your bitcoin investment. This is because unforeseen emergency may come or not.

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.

It's not a wise decision to build your emergency funds and reserve funds at the same time with your discretionary and invest the leftover into bitcoin. This is because it will slow the pace at which you are increasing your bitcoin portfolio. It's good that you share your discretionary income into two parts instead of three.

Use one part for your regular weekly/monthly DCA and use the other part to build your emergency funds. When you are done building your emergency funds of at least three months of your income, you can divert the money which you were using for your emergency funds to build up your reserve funds before you invest aggressively after building your reserve funds.

[yixichloro2xx]

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.

Since numbers usually make things easier to picture, let's take someone earning $1,000 a month for an example. After paying bills and putting a little aside for emergencies, maybe he’s left with $100. If he spends that $100 on takeout or gadgets, it’s gone for good. But if he puts that $100 into Bitcoin every month, that’s $1,200 in a year.

Now stretch it out for over 5 years, he would have put in $6,000. If Bitcoin only doubles in that time, he is already sitting on $12,000. If he had just left that money in fiat savings, inflation might mean it buys only around $4,500 worth of goods in five years....Even a smaller example works. Let’s say someone can only free up $50 a month. Over ten years, that’s $6,000 stacked. With Bitcoin’s track record, that could end up being worth a lot more and might help cover retirement or education later.

When we say that we are at an ATH several times, it is clear that bitcoin is experiencing an increase, so it would be inaccurate to say that bitcoin is not rising or falling because fluctuations always occur. This year, we have experienced a very rapid increase and even reached several ATHs, which is proof that bitcoin's progress is still very good at the moment.

However, on the other hand, this movement is clearly only temporary because with such progress, we could even see Bitcoin reaching higher values compared to today.
So, what should we do? We just need to wait while investing as per our initial plan. DCA, Buy Dip, Lumpsum, or whatever else is possible as a purchasing scheme, and we must be able to minimize the risks involved by being prepared and responsible for our purchases given the current economic conditions (where buying does not burden us in our daily lives because this is for the long term).

Price of bitcoin has moved from $124k down to $110k and you said is just temporary, that there will not be bearish season soon? just watch and see what will happen before the end of September if the price of bitcoin will not decrease more than $100k to convince some investors waiting to buy in the dip to start buying bitcoin and hold because majority of investors are set to use huge amount of funds to buy and hold for long term,  those that apply this method, dollar cost average (DCA) to accumulate bitcoin, always have the opportunity to make a good income from bitcoin investment because they don't like to sell when the price is low than to wait for long years before they can sell to earn double income from their holding.

Even though there has been a decline, isn't it temporary, and if you focus on your long-term goals, it shouldn't bother you? I say it's a temporary decline because, in the end, most people in this thread prefer long-term investments, where they prefer to be in an annual position (rather than short-term investments), let alone trading, so why are you worried about the current decline? We’ve even experienced a decline from $64k to $15k, and it’s fine now—there are no issues. So why are you worried when Bitcoin has dropped from $124k to $110k now?

We just need to make another purchase if the goal is long-term investment for the upcoming halving period, and it might even be more—unless your goal is short-term trading, in which case you might need to be concerned now.

A decline isn't everything because after a decline, there will inevitably be a rebound, and we just need to focus on our long-term goals.
Just because it dropped by $14k, you're already panicking and thinking this is the end of the world? What were you thinking when the previous extraordinary rise happened?
Whether to sell or not depends on each individual's perspective because, after all, all control lies in the hands of the investor themselves. Regardless of whether they want to sell or not, it is up to each individual, but it is important to remember that after selling our portfolio, the bitcoin is no longer ours in the end.

Perhaps the drop looks painful only if someone is watching day to day numbers, but zooming out tells a very different story. When Bitcoin went from $64k all the way down to $15k, many people thought it was over. Those who kept stacking and holding through that period are the same ones who now see 6 figure prices. A move from $124k to $110k is just noise compared to what Bitcoin has already survived.

Because Bitcoin operates on cycles tied to halvings, short term pullbacks are more like opportunities than threats. If the plan is long term, then every dip simply lowers the average entry price for those using DCA. Even if it takes months before the next strong rally, the conviction stays intact because the fundamentals haven’t changed.

And also, if someone treats Bitcoin like a trade, volatility will always look like danger. But for those saving with Bitcoin, the real risk is exiting too early and handing over their future gains to someone else. Once you sell, those sats are gone and the upside belongs to whoever bought them....So  the question isn’t whether Bitcoin will rebound  history already shows that it does. The question is whether the individual can stay patient enough to let time and scarcity do their work.

[icebar]

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.

Whether a person is a government or private employee, if he deposits a certain amount of his income in Bitcoin, especially a part of his discretionary income, and also creates an emergency fund as a backup for a few months, then I think there is no barrier for him to hold Bitcoin. He can increase his Bitcoin deposit without long-term pressure. There are many people who have lots of money but cannot hold Bitcoin, while those who have good ideas can make long-term investments regularly with a small earning.

While it is necessary to have an emergency fund to invest in Bitcoin on a regular basis, it is not necessary to do so before investing. You should start investing early. In addition, you can create an emergency fund for a maximum of three or four months to ensure that your investment is not interrupted, which can be used for emergencies.

[sotelorene]

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.

The distinction between discretionary, emergency, and reserved funds is worth mentioning. Risk management emergency or backup funds must never be pegged on such a volatile asset as Bitcoin. It would be rational to use discretionary income or a small part of the saved money as you indicated, but novices must realize the risk of putting a hand on anything that is intended to be applied to necessities. Throughout history, numerous investors who considered all the savings as a form of disposable income found themselves in trouble at low times. Invest only what you can do without it not to have any impact on your day to day life.

You are using too many grammar here, and it is very possible you can complicate things for yourself and also for newbie because of wrong placement of those grammar. What do you mean by risk management emergency? Is there anything like risk management emergency in Bitcoin? Use word and terms you are familiar with and stop using words that will contradict what you are saying. You made a valid point, an investor is expected to use what they can afford to let go but what you can afford to let go doesn't mean small amount of money but rather it depend on your capacity and cash flow and also your discretionary.

[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.

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.

I don’t seem to really understand where you’re arriving at because your statement doesn’t look clear to me, but I certainly did not advise you against creating an emergency funds for your bitcoin investment, all I’m trying to let you know is that not being able to first build your emergency funds shouldn’t restrict you from getting started with your bitcoin accumulation and investment once you’re able to figure out a discretionary income to accumulate with, you shouldn’t wait to first build up an emergency funds before you get started with your accumulation of bitcoin. You can always make sure to build your emergency funds as time goes on or even alongside while you’re accumulating bitcoin.

[IceLincoln]

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.

People like you are the ones that makes it difficult for newbies to kickstart their investment. You have paint investing of Bitcoin to be one difficult and impossible thing to do. You dont need to know the practical and technical part of Bitcoin before you can start investing. From the basic things I have know, it didn't take me long to start buying and now I am doing god with my accumulation. The technical part of Bitcoin are meant for miners, developers and other individual who wish to expand their knowledge. As an actual investor, what you need to know is how to buy, how to secure your Bitcoin with the right wallet, how to keep your seed phrase safe. Keeping it away from scammers and online theft.

You’re still having the same problem the other guy was having I’m not talking to you about kickstarting your investment, I’m talking about Once you’ve started your investment, you’ll need to learn and know more, and as you grow in learning your strategies and plans also change with the new knowledge you’ve acquired. Do you jus read to find a part of someone’s comment to talk on? Or you read to fully understand what’ the person is saying. Bitcoin investment is not just about buying and sit back till you buy again.
Once you starts investing there’s need to know more about what you’re investing in and the best practices for it, so from time to time you check to see how far you’ve gone to achieve your specific goals and how you can improve or adopt new strategies.

[Powerjumboo]

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.

Before investing, you must have your discretionary income and think about what Dollar Cost Average means, how it works and how to set it in your investment profile. If your income does not meet your basic needs, then you will not be able to maintain your investment in any way for a long time. So, if you want to invest in any asset or Bitcoin for the long term, you must have discretionary income and emergency backup funds, only then can you invest constantly, otherwise your financial flow will be lost in the middle of the investment and due to your needs, you will spend money from there and meet basic needs, which will ruin your investment. So your income should be used to meet your basic needs and if there is excess cash left every month or week, then you can invest that excess or remaining money in Bitcoin and you can set the DCA strategy in your profile and observe whether it is working properly.

In investing, you should start from the present and not backward, and there is no such thing as the perfect time for Bitcoin, in which case you should use the DCA strategy to invest in Bitcoin and keep investing slowly. This will relieve you of challenges such as when to enter or exit the market if you invest mentally on a weekly basis, and on the other hand, you can become an experienced investor from your small investment.

Every time is the right time to invest. Those who think that dumping market is the most suitable for investment, they must wait for dumping. If they can buy from dumping by waiting for dumping, then it is the right time for them too. But naturally, for those who use DCA method and want to continuously increase their investment in DCA method, every moment is the right time to invest. But first you have to fix your mind and mentality because if your mind and mentality cannot be fixed, then investment cannot be made even from the highest dumping and even if you use DCA method, it will not work. I am currently investing by applying DCA method. My plan is that I will make my investment like this for a long time and I will hold my investment for a long time.

[Cryptohygenic]

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.

People like you are the ones that makes it difficult for newbies to kickstart their investment. You have paint investing of Bitcoin to be one difficult and impossible thing to do. You dont need to know the practical and technical part of Bitcoin before you can start investing. From the basic things I have know, it didn't take me long to start buying and now I am doing god with my accumulation. The technical part of Bitcoin are meant for miners, developers and other individual who wish to expand their knowledge. As an actual investor, what you need to know is how to buy, how to secure your Bitcoin with the right wallet, how to keep your seed phrase safe. Keeping it away from scammers and online theft.

You don't need to be an explorer of being technically knowledgeable about bitcoin before you can catch it tons of being successful in the investment. You just need to understand that it is not a get rich quick, understand risk management, storing your assets in a safety of more advanced security such as hardware wallets since you will be holding for the long term and then, picture an accumulating strategy through your discretionary incomes and keep buying as much you can afford not to panic when price is going down but Instead you buy at the Dip and hodl.  So it is not compulsory even if necessary that you should the technical aspects of it.

[JayJuanGee]

[edited out]

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...

I think that you are making matters too complicated with so many categories.  Savings are merely categories of reserve funds and/or emergency funds depending on how they are designated, and of course we can put our various kinds of back up funds in to different categories.. but the essence of the matter is that the emergency funds are a kind of back up funds in which we do not want our funds to fall below.,. so we take more precautions to not tap into emergency funds unless we absolutely have no money left.  We also would want to keep some portion of our emergency funds in our local cash - and/or in a way that is liquid, sure keeping some of that in banks is o.k. too yet we are running the risk of getting frozen or locked out of our bank, so it would be dangerous to not have some physical cash for periods that we might not be able to get into our bank account or any other places that we might be keeping our emergency funds in a place that might be less volatile and mostly liquid.

  Our various kinds of reserve funds can also cover emergencies, but they can be categorized in all kinds of ways such as various kinds of savings or savings for specific purposes, and if we are running into times tin which we are short on money, we can tap into our reserves even for purposes that they had not been designated in the even that we deem the expenses that we have in front of us to be more important than the reason that we are holding and/or building up the reserve funds.

Similar with any investments that we have, including stocks, bonds, properties, commodities, businesses, and/or bitcoin.

If we have given priority to bitcoin, then we are trying to protect it, yet if our car breaks down and we have run out of most if not all other funds, then  we might be faced to sell some of our bitcoin if we consider fixing and/or replacing the car to be more important than hanging onto bitcoin.

If we invest into bitcoin, we may well should have had determined our investment into bitcoin as a priority, yet if we don't keep enough back up funds and/or we don't have good cashflow management practices, then we will likely end up selling some or all of our bitcoin at a time that is not completely of our own choosing.

We might not want to necessarily get caught up in quibbling over various confusing labels, yet if we are able to separate our funds, then we are likely going to figure out our priorities that may include making sure that we don't necessarily need to make difficult decisions if we get to a point where we don't have any money left due to our own poor management of our funds.

If a guy might be investing into bitcoin for 3 years at around $100 per week, so then he had invested around $15k into bitcoin, and maybe if his income is around $30k per year, which is about $577 per week (or $2,500 per month), and maybe if his expenses are around $300 per week (or around $1,300 per month).. so if he had built up his emergency funds to about 3 months of his expenses, then that would be around $3,900, and maybe he also has $2k to $3k in reserve funds.  He may well be in a pretty good position to cover all kinds of situations, yet if he uses up all of his reserve funds and starts to tap into his emergency funds, he might be getting into a bad situation that he wants to prevent, and he knows that once he starts to tap into his emergency funds, then the only thing that is next is to tap into his bitcoin,  so he already might be taking actions before he gets down to ONLY having his emergency funds.. and yeah, if his emergency involves a cut in his income and also a raising of his expenses, then all of his back up funds might get depleted quickly, unless he is able to rectify the situation.. and maybe he had gotten into a car accident and he cannot work for something close to 6 months, so he may well be struggling, and he may end up having to sell some of his bitcoin, even if he had various reasonable and seemingly adequate cash back up systems in place.

Hopefully guys can figure out their own vulnerabilities, and sure in the beginning of their investment the bitcoin might be serving as an emergency fund as the various back up funds are being built up... but by the time a guy has spent a few years building his bitcoin and building his back up funds, he should be able to tolerate ups and downs in the market and also various cashflow situations that he might face, including if he might have had taken measures to try to increase his discretionary income by increasing his income and/or cutting his expenses.

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.

Damn it!!!! Maybe, I didn't understand you or I am looking at it from a wrong view. Are you trying to say that before you invest into bitcoin, you need to learn continously about bitcoin and her technicality and after that you can start investing based on what you have learned. You don't need to know all that or try knowing more than the basic knowledge of bitcoin before you can invest. Bitcoin technicality is fucking broad and if you're not a tech savvy, you might find it difficult to understand once.

 You don't need bitcoin technicality as someone who wants to start investing into bitcoin. All you need is your discretionary income and basic knowledge of bitcoin. The rest can be learned simultaneously as you are investing because you are only buying and not selling. If you want to learn all that you mentioned before investing, you will be a no coiner for long and you will miss out the opportunity of buying and building your bitcoin investment earlier. Don't forget that time waits for no one and bitcoin price increases overtime.

There are surely questions about whether to invest and there are questions of how much (or how aggressively) to invest.

A person might start out investing into bitcoin somewhat whimpily (or less aggressively) and then increase his level of aggressiveness in accordance with his knowledge.

An overwhelming majority of folks remain no coiners and/or low coiners because they either don't know much or anything about bitcoin or they don't feel confident in what they know.. and yeah, bitcoin is likely going to continue to be adopted and some folks are going to choose to continue to stay as no coiners and/or low coiners while they wait to figure out if they might need bitcoin later.. and sure, there are always going to be people entering into bitcoin, and the later entrants are going to merely have to start their bitcoin adventure later down the road when bitcoin is likely going to be multiples and more likely magnitudes more expensive than it is today.  Of course, there are no guarantees that bitcoin is going to go up from here, yet anyone who stays a no coiner or a low coiner is purposefully failing/refusing to prepare for UP.... and sure at the same time, it is better to be a somewhat low coiner and take a somewhat whimpy approach to bitcoin rather than to have no bitcoin at all... but yeah, people will continue to learn about bitcoin, and those of us who know about bitcoin are surely advantaged by our asymmetric information since so many folks still seem to not know about what is bitoin in order to realize that they should be getting started as one of their first steps, especially if they are interested in studying it further.

[I_Anime]

There are surely questions about whether to invest and there are questions of how much (or how aggressively) to invest.

A person might start out investing into bitcoin somewhat whimpily (or less aggressively) and then increase his level of aggressiveness in accordance with his knowledge.

Exactly that’s why knowledge is very much vital in this space . But it doesn’t mean you have to delay your investment in the name of wanting to gather more knowledge or information concerning bitcoin because then you are only slowing your progress. That’s why is advisable to focus more on knowledge as you accumulate it will give you more reason why you need to be aggressive and more reason to take your investment more serious, doesn’t even end there will still help in guiding by showing the right procedure to secure a better investment in bitcoin.

[Gost ms]

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.

Your comment will confuse and scare a new person. You don't need much to invest. All you need is basic knowledge about Bitcoin and a source of discretionary income. The way you say it, it seems like investing in Bitcoin is very difficult and you have to know a lot of things to learn. Investing is not really that difficult. You don't need all these things to invest. Make investing easy and it will be very good for a new person. As you said, a person will be scared to invest and will not want to invest.

[ruykeri]

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.

People like you are the ones that makes it difficult for newbies to kickstart their investment. You have paint investing of Bitcoin to be one difficult and impossible thing to do. You dont need to know the practical and technical part of Bitcoin before you can start investing. From the basic things I have know, it didn't take me long to start buying and now I am doing god with my accumulation. The technical part of Bitcoin are meant for miners, developers and other individual who wish to expand their knowledge. As an actual investor, what you need to know is how to buy, how to secure your Bitcoin with the right wallet, how to keep your seed phrase safe. Keeping it away from scammers and online theft.

You don't need to be an explorer of being technically knowledgeable about bitcoin before you can catch it tons of being successful in the investment. You just need to understand that it is not a get rich quick, understand risk management, storing your assets in a safety of more advanced security such as hardware wallets since you will be holding for the long term and then, picture an accumulating strategy through your discretionary incomes and keep buying as much you can afford not to panic when price is going down but Instead you buy at the Dip and hodl.  So it is not compulsory even if necessary that you should the technical aspects of it.

The technical subject of Bitcoin is very extensive and it takes a lot of time to learn about it, and investing in Bitcoin does not require such deep knowledge. If someone wants to invest after learning about Bitcoin's technical aspects and other topics, then he will waste a lot of time and will miss many good investment opportunities. As a result, if the person who wants to invest only knows the basic aspects of BTC and has an idea about the right investment method including security, then he will be able to invest in Bitcoin correctly and the chances of success are very high.

And you said another thing, that is buy DIP and hold. Actually, I do not agree with your words. The best way to invest regularly by following the DCA method than buy Bitcoin at DIP. It is not bad to buy Bitcoin at DIP  it can yield several times more profit .But  Many people do not invest in the hope of buying it when the price of Bitcoin drops, but it turns out that the price of Bitcoin continues to increase, as a result of which they miss the opportunity to invest.  On the other hand sometime price of Bitcoin has decreased relatively. At that time, someone invested, but later it turned out that the price of Bitcoin has decreased much more, as a result, they missed the opportunity to buy Bitcoin at a relatively lower price. Therefore, we should follow the DCA method and invest with discretionary income. As a result, there is no need to worry about whether the price is low or high. If you invest for 4 to 10 years, there is a high possibility of getting a lot of profit.

[Oshio-man]

There are surely questions about whether to invest and there are questions of how much (or how aggressively) to invest.

A person might start out investing into bitcoin somewhat whimpily (or less aggressively) and then increase his level of aggressiveness in accordance with his knowledge.

Exactly that’s why knowledge is very much vital in this space . But it doesn’t mean you have to delay your investment in the name of wanting to gather more knowledge or information concerning bitcoin because then you are only slowing your progress. That’s why is advisable to focus more on knowledge as you accumulate it will give you more reason why you need to be aggressive and more reason to take your investment more serious, doesn’t even end there will still help in guiding by showing the right procedure to secure a better investment in bitcoin.

With knowledge you can achieve what you want from bitcoin investment without be scared of any season that may appear in the market, every season that reign in the market, there is an opportunity for those that have the knowledge of bitcoin to embrace because they know the price will not remain in that particular price forever which are som of the things the knowledge will be remembering them not to miss their opportunity when it's time to release their coins for sale, for those that are doing well in bitcoin investment, you will discover that they are making it through the knowledge of bitcoin they achieved before investing in bitcoin because it will be difficult for them to buy bitcoin when they know it will not going to favour them.

[As-Soon-As]

There are surely questions about whether to invest and there are questions of how much (or how aggressively) to invest.

A person might start out investing into bitcoin somewhat whimpily (or less aggressively) and then increase his level of aggressiveness in accordance with his knowledge.

Exactly that’s why knowledge is very much vital in this space . But it doesn’t mean you have to delay your investment in the name of wanting to gather more knowledge or information concerning bitcoin because then you are only slowing your progress. That’s why is advisable to focus more on knowledge as you accumulate it will give you more reason why you need to be aggressive and more reason to take your investment more serious, doesn’t even end there will still help in guiding by showing the right procedure to secure a better investment in bitcoin.

When a person starts investing in Bitcoin, he will immediately gain more practical knowledge. Because that investor will publish more information and more discussions about Bitcoin for the purpose of gaining knowledge to keep his money safe. He will make a plan on how to keep his investment for a long time, a person can never plan to invest in Bitcoin from outside the investment.
As soon as he takes the risk of investing in Bitcoin, he will start to be aggressive in various ways. Because his knowledge will always point to the positive side of Bitcoin investment, how to earn money and how much to spend and how much money to deposit in Bitcoin will be created.

What I want to say is that many people have a habit of passing the time just by talking about investing. To avoid this habit, it is best to participate in Bitcoin investment immediately after gaining knowledge about Bitcoin.