Buy the DIP, and HODL!

[Barikui1]

If we want to accumulate Bitcoin, we don't use mentality to accumulate Bitcoin; what we use to accumulate Bitcoin is our discretionary income. It is important to always delay investing in Bitcoin if you don't have a discretionary income because Bitcoin is a long term investment, and you need discretionary income to invest in Bitcoin so that you won't have any difficulty in holding your Bitcoin investment for a long time. But if you use because of time is ticking and ignore using discretionary income to invest in Bitcoin, that means you are investing in Bitcoin with the money meant for your expenses and that is FOMO, and you won't be able to hold your Bitcoin for a long time.

Yes, you are actually right here, and I think that we both share the same sentiment on this issue here, investment made in Bitcoin outside your discretionary income is more of gambling because it's just a matter of time before you sell it off prematurely just to address what the money used to invest in Bitcoin is meant for, and in my own opinion you can't be buying and build a good stash of Bitcoin like that.

The key problem that I have found out among most Bitcoin investors that makes them fail in it is that they tend to invest from their salaries like the money they intend saving from, not knowing that investing in Bitcoin requires discretionary, not money meant for saving, since it's a money you can afford to lose, but you wouldn't even accept the idea of losing your savings, that's why such investors tend to panic and sell prematurely when the market starts declining, and even though they were able to hold without panicking, they will still likely sell prematurely when the needs arises for what they are saving it for is at hand, so investing only from your discretionary income is a must if you must go far in your Bitcoin investment.

[Grace333]

Very simple, investing with a non discretionary fund in Bitcoin should be tagged as gambling than investing, investment in Bitcoin is for long term and investing a non discretionary fund will lead to financial mistake and wrong investment approach, my question is that can it be possible for anyone to invest a non discretionary fund and still be able to handle any other situation that will come after? I guess maybe they will source for other means of getting funds to handle such situations, it can only be fine if they can handle such situations without hoping to pay back from their Bitcoin investment when they are supposed to be building their Bitcoin investment, it is risky to attempt buying Bitcoin with a non discretionary fund because you can end up suffocating meeting with up with your essential needs or end up selling your Bitcoin too soon.

It is not right for someone to invest in Bitcoin without discretionary income. To be successful in investing in Bitcoin, you have to continue investing for a long time. This is possible only if you have discretionary income. It is not enough to have discretionary income, but you also have to form an emergency fund and a reserve fund to continue investing for a long time.

Having discretionary income and even emergency funds on the side definitely makes Bitcoin investment less stressful. But honestly, not everybody will have their finances perfectly set up before they start. Some people just begin small, maybe with what they can spare at the moment, and then build from there. If you wait until everything is set, you might never actually get in because life will always bring one expense or another..

What really matters to me is balance. Don’t throw in money you can not afford to lose, but at the same time don’t keep holding back forever waiting for the perfect moment, it may never come. The idea is to build and also  your Bitcoin side by side, not choose one and ignore the other…

[Creeper0]

Very simple, investing with a non discretionary fund in Bitcoin should be tagged as gambling than investing, investment in Bitcoin is for long term and investing a non discretionary fund will lead to financial mistake and wrong investment approach, my question is that can it be possible for anyone to invest a non discretionary fund and still be able to handle any other situation that will come after? I guess maybe they will source for other means of getting funds to handle such situations, it can only be fine if they can handle such situations without hoping to pay back from their Bitcoin investment when they are supposed to be building their Bitcoin investment, it is risky to attempt buying Bitcoin with a non discretionary fund because you can end up suffocating meeting with up with your essential needs or end up selling your Bitcoin too soon.

It is not right for someone to invest in Bitcoin without discretionary income. To be successful in investing in Bitcoin, you have to continue investing for a long time. This is possible only if you have discretionary income. It is not enough to have discretionary income, but you also have to form an emergency fund and a reserve fund to continue investing for a long time.

And if someone does not have discretionary income. If he saves money from his necessary expenses and invests regularly on a weekly or monthly basis, then if he needs a lot of money for any urgent need in the future, he will be forced to sell Bitcoin to raise that money. And since the price of Bitcoin fluctuates greatly in a short period of time. When he needs money for an urgent need, if the price of Bitcoin has fallen significantly, he will face a loss. Therefore, investing with non-discretionary income is difficult to sustain for a long time because people experience various financial problems from time to time in their lives.

Basically, prudent money is the basic element for investment. But this prudent money alone does not guarantee your success in investment. Based on its basic element, prudent money, you have to take investment management and risk management steps. That is, when, how and in what strategy will you invest or what steps will you take to maintain it in the long term. Investment management and risk management should be completely dependent or built on prudent money. The parts of investment management are investment strategy and aggressiveness in investing properly. The parts of risk management are protective steps to maintain investment successfully in the long term such as: keeping backup (emergency fund, reserve fund, cash flow and necessary fund) funds ready in a proper plan. Even if you somehow lose the money used in investment, keep an eye on this so that there is no major change in your life. Without prudent money, these plans are of no value, even prudent money is weak without proper planning.

[ZeroVinsonN]

Very simple, investing with a non discretionary fund in Bitcoin should be tagged as gambling than investing, investment in Bitcoin is for long term and investing a non discretionary fund will lead to financial mistake and wrong investment approach, my question is that can it be possible for anyone to invest a non discretionary fund and still be able to handle any other situation that will come after? I guess maybe they will source for other means of getting funds to handle such situations, it can only be fine if they can handle such situations without hoping to pay back from their Bitcoin investment when they are supposed to be building their Bitcoin investment, it is risky to attempt buying Bitcoin with a non discretionary fund because you can end up suffocating meeting with up with your essential needs or end up selling your Bitcoin too soon.

It is not right for someone to invest in Bitcoin without discretionary income. To be successful in investing in Bitcoin, you have to continue investing for a long time. This is possible only if you have discretionary income. It is not enough to have discretionary income, but you also have to form an emergency fund and a reserve fund to continue investing for a long time.

Having discretionary income and even emergency funds on the side definitely makes Bitcoin investment less stressful. But honestly, not everybody will have their finances perfectly set up before they start. Some people just begin small, maybe with what they can spare at the moment, and then build from there. If you wait until everything is set, you might never actually get in because life will always bring one expense or another..

What really matters to me is balance. Don’t throw in money you can not afford to lose, but at the same time don’t keep holding back forever waiting for the perfect moment, it may never come. The idea is to build and also  your Bitcoin side by side, not choose one and ignore the other…

Having discretionary income doesn't just make bitcoin investment less stressful, it's what makes bitcoin investment possible in the first place for most people, you can't ignore your basic needs and start investing in bitcoin, you need to have settled your expenses first before investing, so this means that you can only invest in bitcoin with what's left behind and this is your discretionary income, without this fund, you can't invest in bitcoin and you can't even build up an emergency fund for security against unforeseen circumstances that may or may not arise along the way, the amount of money you make becomes irrelevant in your pursuit for bitcoin investment if at the end of the day you have no money left behind to actually invest in bitcoin with, this is why having left over funds is essential for bitcoin investment.

[philipma1957]

Look you need a chunk of side money. Actually 2 chunks of side money

1 for the dip and the other for dca.

Using mining to dca
and I have a chunk of side money for dip buys.


Lastly I have cash for expenses.


And it is a multi year plan. Not 1 year or 2 years a lot more years 2030 is my sell year..

[Loyang]

Bitcoin should be bought and held regularly based on how much more profit it will make in the long run. In 2016, 1 Bitcoin could be bought for $400, now it costs $112K+ to buy a Bitcoin. In the last 10 years, the price of Bitcoin has increased by hundreds of times. Now it is not possible to buy a whole Bitcoin with less money than before. But if we calculate the valuation of Bitcoin in the future, then if someone follows DCA for 4 to 10 years with less money and cannot buy the whole 1 Bitcoin, there is no problem. Because after 10 years, the value of every Satoshi he has will be several times higher. So even if he cannot buy a whole Bitcoin or a whole Bitcoin, there is no problem because after a long time, the profit will be many times higher than the investment.

None of us can ever see or say the future. So no one knows what the price of Bitcoin will be in the future. So instead of investing on leverage, first set a goal of how many Bitcoins you are willing to deposit in your portfolio. If you invest like that, you might get something good. As you said, if you invest on leverage, if you hold on to $300 and expect to get 50,000 from it 10 years from now, if you do and the price of Bitcoin does not increase as expected, then you may be disappointed and your faith in Bitcoin may be lost.

So first you need to set a goal of how many or how much money you will save in Bitcoin in your portfolio. If you go ahead like that, it will be much better for you.

[Guccho]

Very simple, investing with a non discretionary fund in Bitcoin should be tagged as gambling than investing, investment in Bitcoin is for long term and investing a non discretionary fund will lead to financial mistake and wrong investment approach, my question is that can it be possible for anyone to invest a non discretionary fund and still be able to handle any other situation that will come after? I guess maybe they will source for other means of getting funds to handle such situations, it can only be fine if they can handle such situations without hoping to pay back from their Bitcoin investment when they are supposed to be building their Bitcoin investment, it is risky to attempt buying Bitcoin with a non discretionary fund because you can end up suffocating meeting with up with your essential needs or end up selling your Bitcoin too soon.

It is not right for someone to invest in Bitcoin without discretionary income. To be successful in investing in Bitcoin, you have to continue investing for a long time. This is possible only if you have discretionary income. It is not enough to have discretionary income, but you also have to form an emergency fund and a reserve fund to continue investing for a long time.

And if someone does not have discretionary income. If he saves money from his necessary expenses and invests regularly on a weekly or monthly basis, then if he needs a lot of money for any urgent need in the future, he will be forced to sell Bitcoin to raise that money. And since the price of Bitcoin fluctuates greatly in a short period of time. When he needs money for an urgent need, if the price of Bitcoin has fallen significantly, he will face a loss. Therefore, investing with non-discretionary income is difficult to sustain for a long time because people experience various financial problems from time to time in their lives.

To be honest  Bitcoin should be viewed as a long term investment  and it is essential to have a well structured financial foundation when doing so. If someone invests without a discretionary or emergency fund  it is very much like gambling. This is because the price of Bitcoin is very volatile  and there is a possibility of experiencing large losses in an instant. First  investing without an emergency fund or reserve fund means that the money you are investing may have to be used at any time for necessary expenses. For example  if a sudden medical expense arises  and you have to sell your invested Bitcoin  but then the market is down  you will often face large losses. This not only causes financial losses  but also creates emotional stress  which can affect the decision to reinvest. Second  the benefits of long term investment are only available when the investor is not affected by market fluctuations. If your income is not regular and sufficient  you will be forced to sell investments to meet your necessary expenses. This contradicts the basic principle of the holding strategy. In such a situation  will anyone be able to face the next financial challenge? They will probably try to raise funds in other ways  but that takes time and planning  which is not easy for everyone.

Take the 2017 Bitcoin boom and subsequent crash. Many new investors then entered Bitcoin with their savings and unknown income. When the price suddenly fell  they were forced to sell Bitcoin quickly  and many suffered losses. This shows that just having  discretionary income  is not enough; having a secure financial structure is essential.

[Jostern]

Look you need a chunk of side money. Actually 2 chunks of side money

1 for the dip and the other for dca.

Using mining to dca
and I have a chunk of side money for dip buys.


Lastly I have cash for expenses.


And it is a multi year plan. Not 1 year or 2 years a lot more years 2030 is my sell year..

I understand what you’re trying to say, and it could make a lot of sense when we have different cashflow and that would be a bonus and more boost and motivation towards buying and accumulating more bitcoin, but as an investor who would really appreciate to stay consistent with my accumulation, I would really want to have different options of financial flexibility.

I know it’s good to buy on a consistent basis using the DCA, and also if I have the opportunity of saving some money aside and buy during the dip, that is also a good strategy considering that I didn’t wait for a particular dip to occur and then stop accumulating consistently, well not everyone that would have the financial means of saving some money aside, knowing fully well that we are buying through our discretionary incomes.

As an investor in Bitcoin, I’ve tried different approaches in trying to buy Bitcoin, using the DCA and lump sum and also buying the dip, but I think all methods are good based on the strategy and approach that we have for them, because I’ve actually tried saving some money for a dip and that didn’t still stop me from buying on a regular basis, and most investors can’t do that without having enough money and having different cashflow, and financial planning to achieve that, because we have basic expenses to take care of, and it’s a guarantee we have to pay bills for basic expenditures.

So if we have to achieve this plans it is necessary that we have different cashflow to enable us keep up with this process, because I will like to appreciate buying through lump sum and buying through the DCA and buying through the dip when it’s necessary and the opportunity comes, that is the more reason I have decided to work on different cashflow and also work on my expenses and make some adjustments to enable me buy and accumulate more and more.

[Finebone]

Bitcoin should be bought and held regularly based on how much more profit it will make in the long run. In 2016, 1 Bitcoin could be bought for $400, now it costs $112K+ to buy a Bitcoin. In the last 10 years, the price of Bitcoin has increased by hundreds of times. Now it is not possible to buy a whole Bitcoin with less money than before. But if we calculate the valuation of Bitcoin in the future, then if someone follows DCA for 4 to 10 years with less money and cannot buy the whole 1 Bitcoin, there is no problem. Because after 10 years, the value of every Satoshi he has will be several times higher. So even if he cannot buy a whole Bitcoin or a whole Bitcoin, there is no problem because after a long time, the profit will be many times higher than the investment.

None of us can ever see or say the future. So no one knows what the price of Bitcoin will be in the future. So instead of investing on leverage, first set a goal of how many Bitcoins you are willing to deposit in your portfolio. If you invest like that, you might get something good. As you said, if you invest on leverage, if you hold on to $300 and expect to get 50,000 from it 10 years from now, if you do and the price of Bitcoin does not increase as expected, then you may be disappointed and your faith in Bitcoin may be lost.

So first you need to set a goal of how many or how much money you will save in Bitcoin in your portfolio. If you go ahead like that, it will be much better for you.

I understand the point you are trying to make her but I feels like the better target should be setting the numbers of bitcoin you wishes to accumulate in a particular timeframe than placing an amount, because as times passes by, the value of Bitcoin might be increasing and because it is appreciating in value, you may not even invest up to that amount you intend investing because Bitcoin might skyrocket and your target in usdt will likely be breached in no distance time, and you may likely stop investing thinking that you have gotten there, even when you haven't invest up to your target in us dollar, but if your target is to accumulate 5 Bitcoin, you are never going to stop if you haven't gotten to your target, and it might even last for 10 years or more before achieving such depending on the level of your discretionary income.

[Alonso_]

Look you need a chunk of side money. Actually 2 chunks of side money

1 for the dip and the other for dca.

Using mining to dca
and I have a chunk of side money for dip buys.


Lastly I have cash for expenses.


And it is a multi year plan. Not 1 year or 2 years a lot more years 2030 is my sell year..

I don’t really think we need a lot of chunk money to start investing into Bitcoin, but if we have a little discretionary income we can start buying and accumulating Bitcoin, but the most important thing is just getting started with Bitcoin immediately, then after starting our investment, we can start working on increasing our cashflow with the mindset of having more discretionary income to be buying more Bitcoin assets.

We must not necessarily have that mindset of buying the dip, but I wouldn’t say it’s bad to save money to buy the dip when the opportunity presents itself, especially when we are buying  regularly with DCA, but waiting for dip to buy Bitcoin when we can afford to buy now would be a very risky move, and have every tendency of missed opportunities, all we need is discretionary money to achieve our goals of buying Bitcoin and hodl for a longer term.

[Razmirraz]

Snip.

Basically, prudent money is the basic element for investment. But this prudent money alone does not guarantee your success in investment. Based on its basic element, prudent money, you have to take investment management and risk management steps. That is, when, how and in what strategy will you invest or what steps will you take to maintain it in the long term. Investment management and risk management should be completely dependent or built on prudent money. The parts of investment management are investment strategy and aggressiveness in investing properly. The parts of risk management are protective steps to maintain investment successfully in the long term such as: keeping backup (emergency fund, reserve fund, cash flow and necessary fund) funds ready in a proper plan. Even if you somehow lose the money used in investment, keep an eye on this so that there is no major change in your life. Without prudent money, these plans are of no value, even prudent money is weak without proper planning.

Basically all investments have risks, so investors must be prepared to face the possibility of losses. However, using cold money and having a long-term investment goal in mind is an effective strategy for investor who believe in Bitcoin long-term growth potential. The scary things you described above can be overcome by conducting research and analysis on Bitcoin before making investment decisions. Investors must also remain calm and not make investment decisions based on emotions, especially when Bitcoin prices are fluctuating.
When investors understand the risks of investing in Bitcoin and are prepared for price fluctuations, it will be easier to determine their stance, especially when equipped with strategies that suit their financial capabilities, such as those commonly used by other investors, such as DCA and Buy and Hold. These strategies can usually reduce risk and increase potential profits.

[Justbillywitt]

Therefore, I believe delaying investing in Bitcoin until we have discretionary funds is a bad idea.

Where did you get this idea from? So if you think it's a bad idea to delay investing in bitcoin till you come up with discretionary income, what money do you now want to invest in bitcoin with? Is it the money ment for your family essentials? Or the money needed to run your day to day life? Well it's only advisable to invest in bitcoin with discretionary income. If you don't have discretionary income it's not advisable to use money for other essentials to invest in bitcoin. So delaying investing till you are are able to come up with discretionary income is not a bad idea.

[Sim_card]

So first you need to set a goal of how many or how much money you will save in Bitcoin in your portfolio. If you go ahead like that, it will be much better for you.[/b]

I understand the point you are trying to make her but I feels like the better target should be setting the numbers of bitcoin you wishes to accumulate in a particular timeframe than placing an amount

It's also impossible for you to be able to accumulate your targeted bitcoin quantity with a given time frame that you set in using to accumulate your bitcoin target. This is because life is full of uncertainty and inflation eats up the purchasing power of fiat while bitcoin price increases overtime.

For instance, if you plan to accumulate 2btc in 10 years based on your own discretionary income. The price of bitcoin wouldn't remain the same for ten years which will affect the quantity of bitcoin that you are accumulating every week. You might be hit with some financial challenges that can lead to loss of job or lack of discretionary income to invest at a particular time.

 If you don't look for other means to increase your income, your discretionary income might start  becoming lesser overtime due to inflation and increase in monthly needs and expenses overtime and you might end up not having any discretionary income in future.

I feel that the best thing is to have a bitcoin target without a time frame provided that you don't have any health issues or you are already aged. This will give you the time to keep on accumulating till you reach your bitcoin target irrespective of the timeline. If you have reached your bitcoin target and you are still very strong and want to continue accumulating, you can increase your bitcoin target again till you reach over accumulation stage.

[Derekfunds]

Bitcoin should be bought and held regularly based on how much more profit it will make in the long run. In 2016, 1 Bitcoin could be bought for $400, now it costs $112K+ to buy a Bitcoin. In the last 10 years, the price of Bitcoin has increased by hundreds of times. Now it is not possible to buy a whole Bitcoin with less money than before. But if we calculate the valuation of Bitcoin in the future, then if someone follows DCA for 4 to 10 years with less money and cannot buy the whole 1 Bitcoin, there is no problem. Because after 10 years, the value of every Satoshi he has will be several times higher. So even if he cannot buy a whole Bitcoin or a whole Bitcoin, there is no problem because after a long time, the profit will be many times higher than the investment.

None of us can ever see or say the future. So no one knows what the price of Bitcoin will be in the future. So instead of investing on leverage, first set a goal of how many Bitcoins you are willing to deposit in your portfolio. If you invest like that, you might get something good. As you said, if you invest on leverage, if you hold on to $300 and expect to get 50,000 from it 10 years from now, if you do and the price of Bitcoin does not increase as expected, then you may be disappointed and your faith in Bitcoin may be lost.

So first you need to set a goal of how many or how much money you will save in Bitcoin in your portfolio. If you go ahead like that, it will be much better for you.

Setting goals to determine or know how much Bitcoin to hold for a given period of time doesn't really matter, what matters is how consistent and serious you are towards actualizing that goal. Some people set goal and don't get it because they are not working towards it and they are not consistent and one thing you should know is that Bitcoin is not something you can just do, you need to be patient and make sure to use the necessary things that are involve such as your discretionary income and accumulating consistently. And lastly you don't deposit Bitcoin in your portfolio rather you accumulate it.

[As-Soon-As]

Look you need a chunk of side money. Actually 2 chunks of side money
1 for the dip and the other for dca.
Using mining to dca
and I have a chunk of side money for dip buys.
Lastly I have cash for expenses.
And it is a multi year plan. Not 1 year or 2 years a lot more years 2030 is my sell year..

Yes, it is very pleasant that as you grow older, your Bitcoin investment also grows in age. Because this Bitcoin investment will help you financially a lot in your later years, because the price of Bitcoin will reach its highest level in 2030 and will increase further later. But see how long you can make Bitcoin investment and increase the amount of DCA method. By excluding all the additional costs that you have, you will be able to accumulate more Bitcoin by adding it to the DCA method of your Bitcoin investment.

[Merit.s]

If your income is not regular and sufficient you will be forced to sell investments to meet your necessary expenses. This contradicts the basic principle of the holding strategy. In such a situation  will anyone be able to face the next financial challenge? They will probably try to raise funds in other ways  but that takes time and planning  which is not easy for everyone.

I don't think that any bitcoin investor without a regular income will be forced to sell his bitcoin investment when he invested with his discretionary income. Some people get it twisted that you need a regular income before you can start investing in bitcoin or before you can hodli your bitcoin portfolio for long-term.

A contractor who gets contract twice or more in a year does not have a regular income because he gets his income whenever he has a contract. That doesn't mean that because he does not have regular income that he will sell his bitcoin investment for survival when the money that he was paid for the last contract that he did is still with him since he has already set out funds for his basic needs and monthly expenses from his pay. He has even set aside his discretionary income that will spread over various weeks for DCA.

Discretionary income ia what is used to invest in bitcoin in order for you to be able to hodli for a long-term and not income.

Take the 2017 Bitcoin boom and subsequent crash. Many new investors then entered Bitcoin with their savings and unknown income. When the price suddenly fell  they were forced to sell Bitcoin quickly  and many suffered losses. This shows that just having  discretionary income  is not enough; having a secure financial structure is essential.

A new investor only needs his discretionary income to start his bitcoin investment, if his discretionary income is regular that's the best because he can keep on accumulating bitcoin every week uaing DCA method to be buying consistently and persistently overtime in order to keep his bitcoin purchase ongoing which is the most important thing.

Only poor financial management and lack of proper plan will make anyone who is using his discretionary income to buy bitcoin to panic and sell. Those people that you are referring to in 2017, don't understand how bitcoin work or they also used money that was beyond their discretionary income to buy bitcoin believe to make quick profits within a short time but the reverse was the case. Bitcoin is a long-term investment.

Assuming none of them sold their bitcoin in panic, they wouldn't run at loss. Therefore, if you have a secure financial structure, if you follow the wrong step in investing into bitcoin and sell due to panic, you will still run at loss. Secure financial structure wouldn't prevent you from losses.

[GIF-JOBS]

Yes, it is very pleasant that as you grow older, your Bitcoin investment also grows in age. Because this Bitcoin investment will help you financially a lot in your later years, because the price of Bitcoin will reach its highest level in 2030 and will increase further later. But see how long you can make Bitcoin investment and increase the amount of DCA method. By excluding all the additional costs that you have, you will be able to accumulate more Bitcoin by adding it to the DCA method of your Bitcoin investment.

Bitcoin basically increases in value over time, so the longer you can hold on to Bitcoin, the greater your chances of success will be. By depositing Bitcoin gradually through the DCA method, you don't have to worry about market fluctuations, because the average price is accumulated over time, and the longer you can continue this process consistently, the more you can grow your holdings with greater convenience.
So keep investing, keep accumulating Bitcoin as much as you can, control your spending areas and save extra money and add that part to DCA, wasteful spending will not be of any use to you, but if you ignore your waste and buy more Bitcoin with also that money, then it can bring you much greater financial benefits in the future, so keep depositing Bitcoin through patience, discipline and regular DCA, this can be your biggest strength for your good financial future.

[De seer1]

Look you need a chunk of side money. Actually 2 chunks of side money

1 for the dip and the other for dca.

Using mining to dca
and I have a chunk of side money for dip buys.


Lastly I have cash for expenses.


And it is a multi year plan. Not 1 year or 2 years a lot more years 2030 is my sell year..

I understand what you’re trying to say, and it could make a lot of sense when we have different cashflow and that would be a bonus and more boost and motivation towards buying and accumulating more bitcoin, but as an investor who would really appreciate to stay consistent with my accumulation, I would really want to have different options of financial flexibility.

I know it’s good to buy on a consistent basis using the DCA, and also if I have the opportunity of saving some money aside and buy during the dip, that is also a good strategy considering that I didn’t wait for a particular dip to occur and then stop accumulating consistently, well not everyone that would have the financial means of saving some money aside, knowing fully well that we are buying through our discretionary incomes.

As an investor in Bitcoin, I’ve tried different approaches in trying to buy Bitcoin, using the DCA and lump sum and also buying the dip, but I think all methods are good based on the strategy and approach that we have for them, because I’ve actually tried saving some money for a dip and that didn’t still stop me from buying on a regular basis, and most investors can’t do that without having enough money and having different cashflow, and financial planning to achieve that, because we have basic expenses to take care of, and it’s a guarantee we have to pay bills for basic expenditures.

So if we have to achieve this plans it is necessary that we have different cashflow to enable us keep up with this process, because I will like to appreciate buying through lump sum and buying through the DCA and buying through the dip when it’s necessary and the opportunity comes, that is the more reason I have decided to work on different cashflow and also work on my expenses and make some adjustments to enable me buy and accumulate more and more.

absolutely i think having multiple cash flow is a kind of opportunity through purchasing or keeping Bitcoin, for real investor who love to stay or wait patiently if investor have financial flexibility it is an opportunity for he keeping some fund away during dip, it is right to buy bitcoin at given a period using DCA such as the lump sum ,  for everyone that plan to achieve his objective he most put aside a cashflow one of the approach investor uses to is time the market during dip, basically buying on a regular basic can guarantee investor investing on Bitcoin without looking back.

[New Judgement]

I disagree with you on this, Satoshi didn't create or design Bitcoin for people to get it little by little that is wrong,

You are the person that's wrong here. You saying this thing simply mean you don't really know the intent of Satoshi for the invention of bitcoin. When Satoshi invented bitcoin, he made it from the beginning that if you can't afford it in whole you can buy it bit by bit (little by little) as your money can afford. You saying this simply exposed your ignorance.

have you forgotten that Bitcoin was not created at $100k and above? When Bitcoin was created it was below $300 I guess and

Yes bitcoin wasn't at $100k neither was it at the $300 it was way far below when it was invented. It wasn't even up to $1, but even at that someone can still buy below one bitcoin. It was how bitcoin was designed.

I'm sure Satoshi didn't know Bitcoin will be this great in years coming.

This is another silly statement that's coming from you. How can you even think about this that someone who saw the future of bitcoin when nobody was seeing it didn't know that bitcoin will be this great? I can't even comprehend this your reckless thought. Let me shock you, bitcoin hasn't gotten halfway to where Satoshi foresaw it to be. Sometimes before you make some statement in a forum that's deducted to bitcoin as this, you should be careful. If you had gone through bitcoin whitepaper you will understand that Satoshi foresaw that a day will come when bitcoin will be far beyond were it is today.

[Kelward]

Therefore, I believe delaying investing in Bitcoin until we have discretionary funds is a bad idea.

Where did you get this idea from? So if you think it's a bad idea to delay investing in bitcoin till you come up with discretionary income, what money do you now want to invest in bitcoin with? Is it the money ment for your family essentials? Or the money needed to run your day to day life? Well it's only advisable to invest in bitcoin with discretionary income. If you don't have discretionary income it's not advisable to use money for other essentials to invest in bitcoin. So delaying investing till you are are able to come up with discretionary income is not a bad idea.

He surely doesn't understand financial management and Bitcoin investors who have such mindset cannot sustain DCA method of accumulation. If he doesn't have discretionary funds I wonder from which funds that he will be taking out money to buy Bitcoin. I guess that he doesn't know that total income - basic expenses = discretionary funds. Therefore if you don't have discretionary funds it'll means that all your income goes into basic expenses.

Discretionary funds are for expenses that you can do out of your own discretion, it means they are not among the expenses that are on your must do list like food. You don't need Bitcoin investment to survive day by day but you must eat so you need food to survive day by day. Food falls under must do expenses so it's a primary need while Bitcoin investment is a secondary need that you can decide to do out of your discretion.