Buy the DIP, and HODL!

[gracreavix]

DCA means Dollar Cost Averaging. it is an investment strategy. where you do not have to invest a large sum at once. you can buy bitcoin with a fixed amount weekly or monthly. for example if you want to buy $120k worth of bitcoin but you do not have enough money. you can following DCA method. you can buy $10k of btc each month for 12 months, and after a year, your target will be reached. the advantage is that when the price drops, you buy more btc, and when the price rises you buy less. at the end of the year, you get an average price.
 
 For example:
 
- month 1: btc price $100 → invest $100 → get 1 btc
 
- month 2: btc price $50 → invest $100 → get 2 btc
 
- month 3: btc price $200 → invest $100 → get 0.5 btc
 
total spent: $300 total coins: 3.5 btc average price per btc: $300 ÷ 3.5 = $85.71

Nice breakdown, like how you simplified the DCA method with that illustration. Yes DCA means buying Bitcoin with a fixed amount over a period of time, because not everyone has the luxury of putting down a huge sum at once..  And with the way Bitcoin moves, it actually helps beginners or even other investors avoid overthinking the market before entering…. True, it gives you a good average price over time, because you are spreading your entries rather than trying to catch the perfect entry point, which almost never works out the way people imagine…

advantages: you don’t have to worry about market ups and downs. long-term investing can increase profit. mental stress is less. beginners can invest easily.

On the advantages side, you are also correct..  The mental stress part especially, because a lot of investors panic when they see wild price swings..  With DCA, you are more relaxed since your commitment is already fixed whether the price dips or pumps, you are still buying..  That discipline is honestly what makes the strategy solid in the long run..   Plus, for beginners, they get to build confidence in the system without feeling pressured to time the market perfectly..  Another angle to it is that it help build consistency, that consistency is what separates people who stick with Bitcoin from those who quit at the first dip…

disadvantages: if the market only rises, buying all at once could be better. if investing short-term, DCA may give less profit. DCA is a method of gradually investing in bitcoin over time to reduce losses and get a good average price.

Now, about the disadvantages you mentioned, I have got a different take..  Saying if the market only rises, buying all at once could be better, does not go well with me, because let’s be real, nobody can actually predict Bitcoin next move..  It is impossible to imagine Bitcoin just rising non stop simply because someone decides to invest, that’s not how this market works.. Based on the past corrections are part of the game, and sometimes those corrections are what give DCA its edge..  Same with the short term point, I don’t really buy that either. Bitcoin has never been about short term plays, that is why most investors keep hammering on long term mindset..  Once you set your eyes on the long term, the so called disadvantages of DCA fade away, because the focus shifts from quick flips to accumulation through cycles…

[Hardyrobust]

Yes, Bitcoin was created by Satoshi so that anyone could buy it, regardless of race, religion, or anything else. So, if you say Bitcoin isn't for everyone, I think that assumption is completely wrong. Also, if you mean that poor people shouldn't buy Bitcoin, I think, financially, that's both true and false. Basically, even poor people, if they have a strong desire to invest in Bitcoin, I think they can. As long as there's a desire, I think there's a way. Even rich people don't necessarily want to buy Bitcoin if they're not interested. So, the bottom line is, whether rich or poor, I think we just need a desire to invest in Bitcoin, and sooner or later, we'll be able to invest in Bitcoin. Therefore, I disagree with the assumption that Bitcoin isn't for everyone. Basically, if there's a desire, anyone can buy Bitcoin.

I guess the real issue here is access and mental preparation. Technically Bitcoin is for everyone because it can be broken down to 8 decimal places and anyone can start with rather little money. The DCA method has the advantage of buying in small portions which helps to gradually save a good amount.

But the reality is frankly different. Not everyone is financially stable or has a risk taking mindset. We have seen in history during the bull runs of 2017 and 2021 many new investors rushed in and sold out in panic when the price dropped again. So technically Bitcoin is actually for everyone but in reality only those people who have the at the end of the day patience understanding and ability to take to be honest risks will succeed.

In actually other words whether frankly poor or rich financial situation and mental preparation are essential before investing. Otherwise just having technical access is not enough.

I think this is quite a simple scenario that we are talking about here, Bitcoin is for everyone as simple as possible that we can say it, when you have a discretionary income first of all to start investing then Bitcoin is for you to be taken and start investing, You literally need money to buy Bitcoin, it’s not like we are buying Bitcoin for free, So in the society we find out that there are people who are jobless and idol and have nothing doing, they even struggle to pay for their bill and expenses, are we also going to be saying that Bitcoin is for them also ?

The reality of life is different from each other part of the world that we find ourselves, Like people who are in the western world, the world there is quite different from people who find themselves in most Africa and Asia, if you’re not financially viable and have a cashflow with a discretionary income you can’t invest into Bitcoin, not like in a country where the economy is hard and difficult to make ends meet. We just need little discretionary income to invest in bitcoin, but there are people who doesn’t have it because of their situation, so is bitcoin for them in that particular circumstance.

The most important is whether this set of people has discretionary income or not.if they don't have discretionary income to invest with them certainly bitcoin investment is not for them. So the most important thing before venturing into bitcoin investment is to know whether you have discretionary income to invest with however if it happens that there is no discretionary income the best thing will be to work on towards having a good cash flow.

[centrum]

For an investor being intentional about taking investment decisions based on market conditions doesn't seem to be an effective strategy for me, if the plan is to buy and hold for long then whatever price you consider to be high as when the price rises will still a dip tomorrow when Bitcoin will make new highs, am not encouraging the idea of being intentional about buying less when the price rises and buying more when the price drops, buying with the available % of discretionary income I will choose to invest with without considering the market conditions more effective for me because I will be free from any form of fear and greed index over the market fluctuations.

it is true that if you can invest in bitcoin without any hesitation, that is best. but if you think you will only invest when the price drops, that is wrong. everyone invests hoping for profit, no one wants a loss. but if loss is in your fate, it will happen. there is nothing to be disappointed about because you are investing in bitcoin for the long term. you must remember not to sell until your target is reached. also, the price of bitcoin and gold will never stay down, even if it drops for a short time, it will rise again. so i think if you have enough money, now is the main opportunity to invest.

[Dex_master25]

For an investor being intentional about taking investment decisions based on market conditions doesn't seem to be an effective strategy for me, if the plan is to buy and hold for long then whatever price you consider to be high as when the price rises will still a dip tomorrow when Bitcoin will make new highs, am not encouraging the idea of being intentional about buying less when the price rises and buying more when the price drops, buying with the available % of discretionary income I will choose to invest with without considering the market conditions more effective for me because I will be free from any form of fear and greed index over the market fluctuations.

it is true that if you can invest in bitcoin without any hesitation, that is best. but if you think you will only invest when the price drops, that is wrong. everyone invests hoping for profit, no one wants a loss. but if loss is in your fate, it will happen. there is nothing to be disappointed about because you are investing in bitcoin for the long term. you must remember not to sell until your target is reached. also, the price of bitcoin and gold will never stay down, even if it drops for a short time, it will rise again. so i think if you have enough money, now is the main opportunity to invest.

I have never advised anyone in my life to do a business or invest in something am not sure of. So, since the day I took a bold step to follow a candid counsel to join this forum and learn more about the future of finance and wealth distribution that revolves around bitcoin of whose is cryptocurrencies number one, I have never regretted it till now. Am happy that one may not even need millions to invest in owning some bitcoin at the moment, but what matters is if they have a source of income that would enable them to maintain a strategy of investment until a good time that may be up to 7-10years and in like the bull season where they can sell or reinvest into other businesses or cryptocurrency for better returns or for proper positioning in the financial market.

[ruykeri]

But the reality is frankly different. Not everyone is financially stable or has a risk taking mindset. We have seen in history during the bull runs of 2017 and 2021 many new investors rushed in and sold out in panic when the price dropped again. So technically Bitcoin is actually for everyone but in reality only those people who have the at the end of the day patience understanding and ability to take to be honest risks will succeed.

Patience is very important in investing in Bitcoin. Especially when the price of Bitcoin starts to fall in the market, you have to be mentally stable. Those who are mentally unstable by paying attention to the price fluctuations of the market cannot invest in Bitcoin for a long time. Every investor should set a goal to continue investing until they have enough Bitcoin reserves. It is important to pay attention to the issue of not being forced to sell Bitcoin under any circumstances. And those who start with a 4 to 10 year investment plan, the price of Bitcoin is low or high in the short term does not have much effect on them. It is important to achieve over accumulation status without being satisfied if the profit is 2 or 3 times compared to the investment. As a result, if the income stops in the future or if you retire from your job, you will be able to manage your later life through sustainable withdrawal from Bitcoin. And to create this situation, it is very important to create a mentality of patient, careful planning and long-term investment.

[justinlamode]

I have never advised anyone in my life to do a business or invest in something am not sure of. So, since the day I took a bold step to follow a candid counsel to join this forum and learn more about the future of finance and wealth distribution that revolves around bitcoin of whose is cryptocurrencies number one, I have never regretted it till now. Am happy that one may not even need millions to invest in owning some bitcoin at the moment, but what matters is if they have a source of income that would enable them to maintain a strategy of investment until a good time that may be up to 7-10years and in like the bull season where they can sell or reinvest into other businesses or cryptocurrency for better returns or for proper positioning in the financial market.

Bitcoin is simply Bitcoin hence it is better to just address it as Bitcoin and not categorise it to cryptocurrency which comprises of the other shitcoins out there. This will help people not make the mistake of thinking that everything is cryptocurrency and therefore, they behave the same way. I understand the point you have made on why it's important to buy Bitcoin and hold for a decade, just try and retain Bitcoin to make the discussion and understanding of same easier for all followers of this thread.

[Sim_card]

Bitcoin is for everyone and it can only be for everyone when you have a cashflow and discretionary income to start investing and continue accumulating

You don't need to be able invest continuously with DCA method in order to keep your bitcoin accumulation journey ongoing before bitcoin is for you to invest into. Anyone that has a discretionary income can invest into bitcoin provided he will holdi for a long time. It does not matter if he can continue purchasing with DCA constantly every week because some people only have discretionary income once in awhile.

It's better to get the fuck out of the no coiner zone and be a low coiner than waiting till when you will have a stabke discretionary income before starting your Bitcoin investment. If you can buy first, and continue working on how to improve your income either by looking for a second means of job or working on improving yourself by learning a skill or getting a higher qualification for an increase in pay in order to enable you buy bitcoin continuously with weekly DCA for 4-10 years and above for the gradual growth of your bitcoin stash.

DCA has to do with investing a fix amount of money in bitcoin at a regular intervals without looking at the market conditions.

It's not compulsory that you should use a fix amount of money to DCA every week/month especially when you have a small discretionary income. Your expenses for the week is what will determine how much that is leftover for you to DCA with since we must not invest beyond your discretionary income.

Some week, your expenses will be lesser compared to the previous weeks, you will have a higher discretionary income and you can invest more money into bitcoin. Any week that your expenses is very high and with a lesser discretionary income, you all invest with lesser amount. The most important thing is that you should keep your bitcoin accumulation ongoing with consistent and persistent for a long-term till you reach your bitcoin target.

[Finebone]

. Am happy that one may not even need millions to invest in owning some bitcoin at the moment, but what matters is if they have a source of income
that would enable them to maintain a strategy

What really matters when investing in bitcoin is a discretionary income, not a source of income, because their are so many guys that have a source of income but still can't figure out their discretionary income, so discretionary income is very important for consistent accumulation of Bitcoin.

like the bull season where they can sell or reinvest into other businesses or cryptocurrency for better returns or for proper positioning in the financial market.

Are you kidding 😂😂😂😂
You are talking of selling during the bull run just to use the money and reinvest in shit coin. If that's what you have in mind, it's pure self destruct that is, because alt and meme are full of shit, and by putting your money into it, it is nothing short of gambling since the possibility of losing your money is higher than your chances of making something out of it.

[cxtreenal]

For an investor being intentional about taking investment decisions based on market conditions doesn't seem to be an effective strategy for me, if the plan is to buy and hold for long then whatever price you consider to be high as when the price rises will still a dip tomorrow when Bitcoin will make new highs, am not encouraging the idea of being intentional about buying less when the price rises and buying more when the price drops, buying with the available % of discretionary income I will choose to invest with without considering the market conditions more effective for me because I will be free from any form of fear and greed index over the market fluctuations.

it is true that if you can invest in bitcoin without any hesitation, that is best. but if you think you will only invest when the price drops, that is wrong. everyone invests hoping for profit, no one wants a loss. but if loss is in your fate, it will happen. there is nothing to be disappointed about because you are investing in bitcoin for the long term. you must remember not to sell until your target is reached. also, the price of bitcoin and gold will never stay down, even if it drops for a short time, it will rise again. so i think if you have enough money, now is the main opportunity to invest.

You can buy Bitcoin when the price drops but it should be a lump sum buying, When you are consistent in accumulating . Most new investors expect to buy Bitcoin when it drops further. I will just tell those investors that Bitcoin is still within your buying range so don't get it wrong now is the best time to use your assets properly.

Still, many experienced Bitcoin investors think that if they could have started accumulating Bitcoin earlier it would have been great for them and they are still with Bitcoin. New investors think that they may be entering the market late but this is a misconception. Bitcoin is still in its early stages. So don't waste time waiting for the price to fall. Keep buying Bitcoin regularly. Due to the limited supply of Bitcoin its price will continue to increase much more than you expect.

[Rockson1]

Why is the DCA the best strategy for investing in Bitcoin?
I have been seeing DCA everywhere and you need to tell me what it's all about before I do my research.
For you to invest in Bitcoin I know you are going to allocate money to invest in the market. You buy and hold for many weeks/months/years as long as you want to hold. I want to know more about the DCA everyone has been talking about so I can choose a better investment plan for my altcoins buying and holding.

Sorry I was unable to answer this question immediately I got the notification, it was not intentional but because I was busy with other things un real life but am here now, am so sorry once more.

what makes DCA method the best method of investing in bitcoin is that, DCA method is very effective and efficient, you don't have to own million before you can invest in bitcoin, this strategy called DCA gat your back, what you just need is invest with the amount you can afford frequently without being pressured, you don't have to go beyond your means to invest, just have a source of income, figure out your discretionary income, then you are free to invest, this method of investing in bitcoin accommodate both everyone it doesn't have limitations when it comes to individual financial status, individual interest is what matters, the amount you use don't really matter as long as you can afford as low as $1 consistently though this amount is small but being consistent in your DCA and also seeking for more improved income will grow your portfolio overtime, i will advice if you're yet to start, the time is now, wait no more.

[Stormisover]

For an investor being intentional about taking investment decisions based on market conditions doesn't seem to be an effective strategy for me, if the plan is to buy and hold for long then whatever price you consider to be high as when the price rises will still a dip tomorrow when Bitcoin will make new highs, am not encouraging the idea of being intentional about buying less when the price rises and buying more when the price drops, buying with the available % of discretionary income I will choose to invest with without considering the market conditions more effective for me because I will be free from any form of fear and greed index over the market fluctuations.

it is true that if you can invest in bitcoin without any hesitation, that is best. but if you think you will only invest when the price drops, that is wrong. everyone invests hoping for profit, no one wants a loss. but if loss is in your fate, it will happen. there is nothing to be disappointed about because you are investing in bitcoin for the long term. you must remember not to sell until your target is reached. also, the price of bitcoin and gold will never stay down, even if it drops for a short time, it will rise again. so i think if you have enough money, now is the main opportunity to invest.

You can buy Bitcoin when the price drops but it should be a lump sum buying, When you are consistent in accumulating . Most new investors expect to buy Bitcoin when it drops further. I will just tell those investors that Bitcoin is still within your buying range so don't get it wrong now is the best time to use your assets properly.

Still, many experienced Bitcoin investors think that if they could have started accumulating Bitcoin earlier it would have been great for them and they are still with Bitcoin. New investors think that they may be entering the market late but this is a misconception. Bitcoin is still in its early stages. So don't waste time waiting for the price to fall. Keep buying Bitcoin regularly. Due to the limited supply of Bitcoin its price will continue to increase much more than you expect.

That definition explains that of buying the dip and not the Lump sum since lump sum buying makes it's emphasis on the investors decision to buy right away with a huge amount of money that they are willing to invest without showing concern or considering whether the market is in dip or not.

Bitcoin has done wonderfully well and it's is still doing and will continue to be doing well so it is ok for investors to wish that they knew about Bitcoin earlier than they did but they can continue to take positioning as much as they because Bitcoin still has a longer way to go and this could just be the beginning.

[centrum]

For an investor being intentional about taking investment decisions based on market conditions doesn't seem to be an effective strategy for me, if the plan is to buy and hold for long then whatever price you consider to be high as when the price rises will still a dip tomorrow when Bitcoin will make new highs, am not encouraging the idea of being intentional about buying less when the price rises and buying more when the price drops, buying with the available % of discretionary income I will choose to invest with without considering the market conditions more effective for me because I will be free from any form of fear and greed index over the market fluctuations.

it is true that if you can invest in bitcoin without any hesitation, that is best. but if you think you will only invest when the price drops, that is wrong. everyone invests hoping for profit, no one wants a loss. but if loss is in your fate, it will happen. there is nothing to be disappointed about because you are investing in bitcoin for the long term. you must remember not to sell until your target is reached. also, the price of bitcoin and gold will never stay down, even if it drops for a short time, it will rise again. so i think if you have enough money, now is the main opportunity to invest.

You can buy Bitcoin when the price drops but it should be a lump sum buying, When you are consistent in accumulating . Most new investors expect to buy Bitcoin when it drops further. I will just tell those investors that Bitcoin is still within your buying range so don't get it wrong now is the best time to use your assets properly.

Still, many experienced Bitcoin investors think that if they could have started accumulating Bitcoin earlier it would have been great for them and they are still with Bitcoin. New investors think that they may be entering the market late but this is a misconception. Bitcoin is still in its early stages. So don't waste time waiting for the price to fall. Keep buying Bitcoin regularly. Due to the limited supply of Bitcoin its price will continue to increase much more than you expect.

your point makes sense because in the last 6 months bitcoin was 74k dollars and now it is 113k dollars, almost a 40k increase. as time goes on the price will keep rising. many people are still waiting for a big dump to invest, but it can also pump another 30k instead of dumping. then they will regret not buying earlier, because if they had, they would already be in profit. that’s why it is better to act on time. i believe one day bitcoin will cross 1 million dollars, and we will only be watching in surprise. those who bought and held will just plan their future. so it is best to invest now while there is still time.

[HistoLock]

For an investor being intentional about taking investment decisions based on market conditions doesn't seem to be an effective strategy for me, if the plan is to buy and hold for long then whatever price you consider to be high as when the price rises will still a dip tomorrow when Bitcoin will make new highs, am not encouraging the idea of being intentional about buying less when the price rises and buying more when the price drops, buying with the available % of discretionary income I will choose to invest with without considering the market conditions more effective for me because I will be free from any form of fear and greed index over the market fluctuations.

it is true that if you can invest in bitcoin without any hesitation, that is best. but if you think you will only invest when the price drops, that is wrong. everyone invests hoping for profit, no one wants a loss. but if loss is in your fate, it will happen. there is nothing to be disappointed about because you are investing in bitcoin for the long term. you must remember not to sell until your target is reached. also, the price of bitcoin and gold will never stay down, even if it drops for a short time, it will rise again. so i think if you have enough money, now is the main opportunity to invest.

Yes, I think it is certainly true that if you think you will buy when the price drops, then of course you should wait, but I think if you can invest in Bitcoin now, then it is better. But since you will invest in the hope of profit, you have to hold on tight and of course hold it for the long term, from which you can profit. But it is also true that if you can hold it for the long term, then you will get the price you want from it, until you get the price you want, you will hold it until you get the price you want and will not be disappointed if the price drops. Of course, the gold that you talked about investing in, he can invest in it, but if he is not rich, then he cannot invest in gold, but if you pay attention, then you will see that all classes of people can invest in Bitcoin.

[Tmoonz]

For an investor being intentional about taking investment decisions based on market conditions doesn't seem to be an effective strategy for me, if the plan is to buy and hold for long then whatever price you consider to be high as when the price rises will still a dip tomorrow when Bitcoin will make new highs, am not encouraging the idea of being intentional about buying less when the price rises and buying more when the price drops, buying with the available % of discretionary income I will choose to invest with without considering the market conditions more effective for me because I will be free from any form of fear and greed index over the market fluctuations.

it is true that if you can invest in bitcoin without any hesitation, that is best. but if you think you will only invest when the price drops, that is wrong. everyone invests hoping for profit, no one wants a loss. but if loss is in your fate, it will happen. there is nothing to be disappointed about because you are investing in bitcoin for the long term. you must remember not to sell until your target is reached. also, the price of bitcoin and gold will never stay down, even if it drops for a short time, it will rise again. so i think if you have enough money, now is the main opportunity to invest.

I have never advised anyone in my life to do a business or invest in something am not sure of. So, since the day I took a bold step to follow a candid counsel to join this forum and learn more about the future of finance and wealth distribution that revolves around bitcoin of whose is cryptocurrencies number one, I have never regretted it till now. Am happy that one may not even need millions to invest in owning some bitcoin at the moment, but what matters is if they have a source of income that would enable them to maintain a strategy of investment until a good time that may be up to 7-10years and in like the bull season where they can sell or reinvest into other businesses or cryptocurrency for better returns or for proper positioning in the financial market.

It is a Bitcoin discussion thread and that is where the center of our discussion here is based and not cryptocurrency that being said, if at the point that we have gotten to our Bitcoin accumulation target and feel the need to make some strategy withdrawal including considering diversification then it has to be a business that is not Bitcoin related, such as lands, real estate, or selling commodities will be more better and appreciated than any cryptocurrency in expectations for better returns in the financial markets just as you said in the post above.

[JayJuanGee]

Remember that Bitcoin is not for everyone and not everyone can afford it. We must always accept this reality.

I disagree with you, because Bitcoin is for everyone and everyone can afford Bitcoin, Bitcoin is not something that you need to buy with hudge amount of money, the way Satoshi design Bitcoin, it allows us to buy it fraction by fraction consistently with our discretionary income using the DCA strategy until will accumulate a good portion of it and hold for Long team, let's say 4 to 10 years or longer in other to make good profits from it. So stop discouraging people by saying that Bitcoin is not for everyone, and not everyone can afford to buy Bitcoin, because it's wrong okay.

Yes, Bitcoin was created by Satoshi so that anyone could buy it, regardless of race, religion, or anything else. So, if you say Bitcoin isn't for everyone, I think that assumption is completely wrong. Also, if you mean that poor people shouldn't buy Bitcoin, I think, financially, that's both true and false. Basically, even poor people, if they have a strong desire to invest in Bitcoin, I think they can. As long as there's a desire, I think there's a way. Even rich people don't necessarily want to buy Bitcoin if they're not interested. So, the bottom line is, whether rich or poor, I think we just need a desire to invest in Bitcoin, and sooner or later, we'll be able to invest in Bitcoin. Therefore, I disagree with the assumption that Bitcoin isn't for everyone. Basically, if there's a desire, anyone can buy Bitcoin.

Poor people have trouble producing discretionary income and an ability to hold and continue to add to an investment for 4-10 years or longer... Yet, bitcoin is still available to poor people, even though they could end up contributing to their own financial harm if they invest into bitcoin beyond their discretionary income..

Bitcoin is for everyone and it can only be for everyone when you have a cashflow and discretionary income to start investing and continue accumulating

You don't need to be able invest continuously with DCA method in order to keep your bitcoin accumulation journey ongoing before bitcoin is for you to invest into. Anyone that has a discretionary income can invest into bitcoin provided he will holdi for a long time. It does not matter if he can continue purchasing with DCA constantly every week because some people only have discretionary income once in awhile.

It's better to get the fuck out of the no coiner zone and be a low coiner than waiting till when you will have a stabke discretionary income before starting your Bitcoin investment. If you can buy first, and continue working on how to improve your income either by looking for a second means of job or working on improving yourself by learning a skill or getting a higher qualification for an increase in pay in order to enable you buy bitcoin continuously with weekly DCA for 4-10 years and above for the gradual growth of your bitcoin stash.

DCA has to do with investing a fix amount of money in bitcoin at a regular intervals without looking at the market conditions.

It's not compulsory that you should use a fix amount of money to DCA every week/month especially when you have a small discretionary income. Your expenses for the week is what will determine how much that is leftover for you to DCA with since we must not invest beyond your discretionary income.

Some week, your expenses will be lesser compared to the previous weeks, you will have a higher discretionary income and you can invest more money into bitcoin. Any week that your expenses is very high and with a lesser discretionary income, you all invest with lesser amount. The most important thing is that you should keep your bitcoin accumulation ongoing with consistent and persistent for a long-term till you reach your bitcoin target.

I like the idea of trying to invest every week, especially for newbies and especially in their beginning years of investing into bitcoin, yet it is true that some folks might have difficulties getting their cashflow to a state in which weekly buys are practical in regards to how their cashflow comes in and/or when their expenses are due.

[edited out]

You can buy Bitcoin when the price drops but it should be a lump sum buying, When you are consistent in accumulating . Most new investors expect to buy Bitcoin when it drops further. I will just tell those investors that Bitcoin is still within your buying range so don't get it wrong now is the best time to use your assets properly.

You are mixing up lump sum buying and buying on the dip.  They are two separate categories, and sure you can use both of them, but you should at least understand the difference.

When you buy on the dip, just because you use a lot of money, that does not convert your buying on the dip into lump sum.  It is still buying on the dip.

[AirtelBuzz]

For clarity attempting to time the market before making purchases of Bitcoin does not define DCA strategy because by definition it entails buying Bitcoin without any form of timing the market so any investor attempting to time the market before buying Bitcoin has already gotten a shift from the use of DCA to another strategy which should be the buying the dip and can no longer be considered as DCA even if he DCA from the previous buying, timing the market is not associated with the real definition of the DCA strategy and usage it doesn't tally.

DCA means Dollar Cost Averaging. it is an investment strategy. where you do not have to invest a large sum at once. you can buy bitcoin with a fixed amount weekly or monthly. for example if you want to buy $120k worth of bitcoin but you do not have enough money. you can following DCA method. you can buy $10k of btc each month for 12 months, and after a year, your target will be reached. the advantage is that when the price drops, you buy more btc, and when the price rises you buy less. at the end of the year, you get an average price.

The investment objective is not to achieve an average price at the end of our year, but rather to accumulate the amount of Bitcoin in our portfolio at the end of the year. However the examples you have explained here are specifically indicating the correct effectiveness and correct way of investing in DCA. This method may be feasible to maintain the ongoing flow of investment,It can even serve as a defensive strategy against adverse conditions and storms, therefore if the purpose of this investment is correct, it will be possible to succeed. See, no matter what we do, if the investment amount is fixed, there is no pressure attached to it, which is the advantage of this method. By the way it can be concluded that the amount of difficulty in this method is very negligible, because investing smaller digits, we have the opportunity to purchase more shares at a lower price and less shares at higher prices, you may not be able to find these facilities any other way.

[De seer1]

Remember that Bitcoin is not for everyone and not everyone can afford it. We must always accept this reality.

I disagree with you, because Bitcoin is for everyone and everyone can afford Bitcoin, Bitcoin is not something that you need to buy with hudge amount of money, the way Satoshi design Bitcoin, it allows us to buy it fraction by fraction consistently with our discretionary income using the DCA strategy until will accumulate a good portion of it and hold for Long team, let's say 4 to 10 years or longer in other to make good profits from it. So stop discouraging people by saying that Bitcoin is not for everyone, and not everyone can afford to buy Bitcoin, because it's wrong okay.

Yes, Bitcoin was created by Satoshi so that anyone could buy it, regardless of race, religion, or anything else. So, if you say Bitcoin isn't for everyone, I think that assumption is completely wrong. Also, if you mean that poor people shouldn't buy Bitcoin, I think, financially, that's both true and false. Basically, even poor people, if they have a strong desire to invest in Bitcoin, I think they can. As long as there's a desire, I think there's a way. Even rich people don't necessarily want to buy Bitcoin if they're not interested. So, the bottom line is, whether rich or poor, I think we just need a desire to invest in Bitcoin, and sooner or later, we'll be able to invest in Bitcoin. Therefore, I disagree with the assumption that Bitcoin isn't for everyone. Basically, if there's a desire, anyone can buy Bitcoin.

Poor people have trouble producing discretionary income and an ability to hold and continue to add to an investment for 4-10 years or longer... Yet, bitcoin is still available to poor people, even though they could end up contributing to their own financial harm if they invest into bitcoin beyond their discretionary income..

Bitcoin is for everyone and it can only be for everyone when you have a cashflow and discretionary income to start investing and continue accumulating

You don't need to be able invest continuously with DCA method in order to keep your bitcoin accumulation journey ongoing before bitcoin is for you to invest into. Anyone that has a discretionary income can invest into bitcoin provided he will holdi for a long time. It does not matter if he can continue purchasing with DCA constantly every week because some people only have discretionary income once in awhile.

It's better to get the fuck out of the no coiner zone and be a low coiner than waiting till when you will have a stabke discretionary income before starting your Bitcoin investment. If you can buy first, and continue working on how to improve your income either by looking for a second means of job or working on improving yourself by learning a skill or getting a higher qualification for an increase in pay in order to enable you buy bitcoin continuously with weekly DCA for 4-10 years and above for the gradual growth of your bitcoin stash.

DCA has to do with investing a fix amount of money in bitcoin at a regular intervals without looking at the market conditions.

It's not compulsory that you should use a fix amount of money to DCA every week/month especially when you have a small discretionary income. Your expenses for the week is what will determine how much that is leftover for you to DCA with since we must not invest beyond your discretionary income.

Some week, your expenses will be lesser compared to the previous weeks, you will have a higher discretionary income and you can invest more money into bitcoin. Any week that your expenses is very high and with a lesser discretionary income, you all invest with lesser amount. The most important thing is that you should keep your bitcoin accumulation ongoing with consistent and persistent for a long-term till you reach your bitcoin target.

I like the idea of trying to invest every week, especially for newbies and especially in their beginning years of investing into bitcoin, yet it is true that some folks might have difficulties getting their cashflow to a state in which weekly buys are practical in regards to how their cashflow comes in and/or when their expenses are due.

[edited out]

You can buy Bitcoin when the price drops but it should be a lump sum buying, When you are consistent in accumulating . Most new investors expect to buy Bitcoin when it drops further. I will just tell those investors that Bitcoin is still within your buying range so don't get it wrong now is the best time to use your assets properly.

You are mixing up lump sum buying and buying on the dip.  They are two separate categories, and sure you can use both of them, but you should at least understand the difference.

When you buy on the dip, just because you use a lot of money, that does not convert your buying on the dip into lump sum.  It is still buying on the dip.

i hear you , stating that Bitcoin is not for everyone is a kind of missing the point of how it was designed, you don't need to accumulate as much as a whole BTC that is the beauty of it. Satoshi built it so anyone can accumulate it bit by bit, with small amount it is not about being rich it is being consistent a strategies like DCA can make it possibility for everyday to get in , no matter how little their income level is, so bitcoin is for everybody.

[sotelorene]

Remember that Bitcoin is not for everyone and not everyone can afford it. We must always accept this reality.

I disagree with you, because Bitcoin is for everyone and everyone can afford Bitcoin, Bitcoin is not something that you need to buy with hudge amount of money, the way Satoshi design Bitcoin, it allows us to buy it fraction by fraction consistently with our discretionary income using the DCA strategy until will accumulate a good portion of it and hold for Long team, let's say 4 to 10 years or longer in other to make good profits from it. So stop discouraging people by saying that Bitcoin is not for everyone, and not everyone can afford to buy Bitcoin, because it's wrong okay.

Yes, Bitcoin was created by Satoshi so that anyone could buy it, regardless of race, religion, or anything else. So, if you say Bitcoin isn't for everyone, I think that assumption is completely wrong. Also, if you mean that poor people shouldn't buy Bitcoin, I think, financially, that's both true and false. Basically, even poor people, if they have a strong desire to invest in Bitcoin, I think they can. As long as there's a desire, I think there's a way. Even rich people don't necessarily want to buy Bitcoin if they're not interested. So, the bottom line is, whether rich or poor, I think we just need a desire to invest in Bitcoin, and sooner or later, we'll be able to invest in Bitcoin. Therefore, I disagree with the assumption that Bitcoin isn't for everyone. Basically, if there's a desire, anyone can buy Bitcoin.

Poor people have trouble producing discretionary income and an ability to hold and continue to add to an investment for 4-10 years or longer... Yet, bitcoin is still available to poor people, even though they could end up contributing to their own financial harm if they invest into bitcoin beyond their discretionary income..

Bitcoin is for everyone and it can only be for everyone when you have a cashflow and discretionary income to start investing and continue accumulating

You don't need to be able invest continuously with DCA method in order to keep your bitcoin accumulation journey ongoing before bitcoin is for you to invest into. Anyone that has a discretionary income can invest into bitcoin provided he will holdi for a long time. It does not matter if he can continue purchasing with DCA constantly every week because some people only have discretionary income once in awhile.

It's better to get the fuck out of the no coiner zone and be a low coiner than waiting till when you will have a stabke discretionary income before starting your Bitcoin investment. If you can buy first, and continue working on how to improve your income either by looking for a second means of job or working on improving yourself by learning a skill or getting a higher qualification for an increase in pay in order to enable you buy bitcoin continuously with weekly DCA for 4-10 years and above for the gradual growth of your bitcoin stash.

DCA has to do with investing a fix amount of money in bitcoin at a regular intervals without looking at the market conditions.

It's not compulsory that you should use a fix amount of money to DCA every week/month especially when you have a small discretionary income. Your expenses for the week is what will determine how much that is leftover for you to DCA with since we must not invest beyond your discretionary income.

Some week, your expenses will be lesser compared to the previous weeks, you will have a higher discretionary income and you can invest more money into bitcoin. Any week that your expenses is very high and with a lesser discretionary income, you all invest with lesser amount. The most important thing is that you should keep your bitcoin accumulation ongoing with consistent and persistent for a long-term till you reach your bitcoin target.

I like the idea of trying to invest every week, especially for newbies and especially in their beginning years of investing into bitcoin, yet it is true that some folks might have difficulties getting their cashflow to a state in which weekly buys are practical in regards to how their cashflow comes in and/or when their expenses are due.

[edited out]

You can buy Bitcoin when the price drops but it should be a lump sum buying, When you are consistent in accumulating . Most new investors expect to buy Bitcoin when it drops further. I will just tell those investors that Bitcoin is still within your buying range so don't get it wrong now is the best time to use your assets properly.

You are mixing up lump sum buying and buying on the dip.  They are two separate categories, and sure you can use both of them, but you should at least understand the difference.

When you buy on the dip, just because you use a lot of money, that does not convert your buying on the dip into lump sum.  It is still buying on the dip.

i hear you , stating that Bitcoin is not for everyone is a kind of missing the point of how it was designed, you don't need to accumulate as much as a whole BTC that is the beauty of it. Satoshi built it so anyone can accumulate it bit by bit, with small amount it is not about being rich it is being consistent a strategies like DCA can make it possibility for everyday to get in , no matter how little their income level is, so bitcoin is for everybody.

I disagree with you on this, Satoshi didn't create or design Bitcoin for people to get it little by little that is wrong, have you forgotten that Bitcoin was not created at $100k and above? When Bitcoin was created it was below $300 I guess and I'm sure Satoshi didn't know Bitcoin will be this great in years coming even though he might have the intention that it can be use as alternative method with fiat. So what you stated is not true. Back then you can literary buy as money Bitcoin as you want with 1-$2k, Bitcoin was not created at this stage it is now rather it started from somewhere and get to this present stage and that is why we say Bitcoin has potential and it will keep growing.

[Dogedegen]

Poor people have trouble producing discretionary income and an ability to hold and continue to add to an investment for 4-10 years or longer... Yet, bitcoin is still available to poor people, even though they could end up contributing to their own financial harm if they invest into bitcoin beyond their discretionary income..

Even if they do get some discretionary income it is usually wasted on things instead of invested. These type of people have issues relating to not being able to have things. Then once they acquire spending money they tend to go around trying to heal these issues by spending it. I have seen a few cases of someone who was very poor in their childhood gain a lot of wealth later in life. They keep buying all sorts of things and waste a lot of money. Of course this does not apply for everyone.

. Am happy that one may not even need millions to invest in owning some bitcoin at the moment, but what matters is if they have a source of income
that would enable them to maintain a strategy

What really matters when investing in bitcoin is a discretionary income, not a source of income, because their are so many guys that have a source of income but still can't figure out their discretionary income, so discretionary income is very important for consistent accumulation of Bitcoin.

like the bull season where they can sell or reinvest into other businesses or cryptocurrency for better returns or for proper positioning in the financial market.

Are you kidding 😂😂😂😂
You are talking of selling during the bull run just to use the money and reinvest in shit coin. If that's what you have in mind, it's pure self destruct that is, because alt and meme are full of shit, and by putting your money into it, it is nothing short of gambling since the possibility of losing your money is higher than your chances of making something out of it.

Most people lost money this way, they are using survivorship bias believing that every person is gonna get rich when in reality it is like trying to become the lottery winner. One bad shitcoin investment to wipe out years of good work and gains, fascinating strategy. There are so many fools that are still waiting for their altcoin to recover from -50% or higher losses whereas Bitcoin is having phenomenal performance in the same time.

[Cryptokuus]

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I disagree with you on this, Satoshi didn't create or design Bitcoin for people to get it little by little that is wrong, have you forgotten that Bitcoin was not created at $100k and above? When Bitcoin was created it was below $300 I guess and I'm sure Satoshi didn't know Bitcoin will be this great in years coming even though he might have the intention that it can be use as alternative method with fiat. So what you stated is not true. Back then you can literary buy as money Bitcoin as you want with 1-$2k, Bitcoin was not created at this stage it is now rather it started from somewhere and get to this present stage and that is why we say Bitcoin has potential and it will keep growing.

It is wrong to think that bitcoin was created to be acquired in a whole because you can get bitcoin in fractions. I was actually having this mindset before that you can only buy bitcoin in a whole. This kind of thinking is what makes some set of people to think that bitcoin is too expensive because they feel that you can't buy bitcoin in fractions. Also is very to think that the person that created bitcoin never knew that it will get to this level. I think if there is anyone that ever believe that bitcoin will get to this level or more than this level is satoshi.