Buy the DIP, and HODL!

[Rockson1]

As an average income earners that wishes to invest in Bitcoin and be successful in it, creating an emergency funds to safeguard your investment is a must, because it stands as the last layer of protection to your Bitcoin investment, but if you don't have it in place and emergency struck, you are likely going to sell or temper with your Bitcoin holdings just to address that emergency situation at hand.

The only set of investors that can afford investing in Bitcoin without an emergency funds are the rich guys because they have rich father's, uncle's, friends, business associate and even asset they can sell of to bail them out of any difficult financial situation unlike the poor that doesn't have such leverage, so it's very wrong to think that emergency funds is not mandatory for the survival of your Bitcoin holdings if you are an average income earners.

Yes you're correct but where my argument will always be is, some one saying emergency fund should be ready before anyone starts their Bitcoin investment, I don't agree to this anywhere, we can actually build our emergency fund along with our Bitcoin investment, let's not forget that what we need to invest in Bitcoin is our discretionary income and I believe that, this makes it easy for us to build our emergency fund along with our Bitcoin acumulation, the problem with some persons is, they don't just understand how things are done and they don't want to learn, even though I know that emergency fund is very important for a Bitcoin investor not to wake up one day to make some decisions just because he got no option, I still think, we should not see emergency fund as problem when we want to start our investment if we don't don't have it at that time, we should first figure out our way in first then we can start from their but we should never forget to start it as we start our Bitcoin acumulation.

[Mr_Brilliant$]

. When the market is suitable for us to buy, we have to buy Bitcoin for long-term which is very important for our investment.

Waiting for a suitable time as you put it before you buy bitcoin might delay your investment journey and keep you indefinitely away from your investment. And secondly, when do you refer to as a suitable time? Is it when the bitcoin price falls, or when it's high? Bitcoin does not really have any particular timing as the price is always fluctauting, upwards and downwards, so waiting for a suitable time to start your investment might keep you out since you may not get that perfect time of yours.
It's advisable you start now so long as you are ready and have figured out your discretionary income, and you can start your investment using the DCA strategy, accumulating Bitcoin consistently at any current price and then Hodl,  since bitcoin has the ability to appreciate over the years, and of course, it has proven to be a store of value.

That is it about waiting for a suitable time, because the thing with Bitcoin is… that perfect moment he is expecting will never shows up in real life..  It is like someone saying they will only start going to the gym when the weather, their mood, their schedule and even their energy is all align perfectly, bro, that day hardly comes, and before you know it, months has gone pass..

Bitcoin works the same way..  The price moves too fast for anybody to confidently say, oh yes, this is the clean perfect dip…  Most times the moment feels so confusing or even too high..  But funny enough, those same confusing prices turn out to be cheap when you look back years later..

As long as someone is ready financially, the best move is to just start small and keep adding bit by bit..   That is where DCA fits perfectly, you are not chasing dips, you are not stressing timing, you are simply building a position steadily..

[Graph001]

You are making a good point, people are very likely to have that absolute guarantee of investing in Bitcoin, We all know that Bitcoin have a tendency of growing and increasing and we might have a tendency of an opportunity of bullish periods, we might all know that when we have a chance of accumulating Bitcoin that should be a great opportunity of buying Bitcoin.

But investors should also understand that Bitcoin doesn’t have a guarantee, there is no guarantees of profits and there is no guarantee bull market coming immediately, well we might also experience more downturn, we might also have a bull period so actually nothing is guaranteed.

Since nothing is guaranteed in Bitcoin investment as you explained, what's the major triggering force for all Bitcoin investors.
First and foremost you should understand Bitcoin as a volatile asset will definitely face fluntuation which was what you have explained to your level of understanding, just like the two season you mentioned that exist which is the bearish and bullish period, if you're observant, you'll understand that the price has been hovering around 9$90k plus for few days now after settling at $86k and $87k plus for some days or will I say weeks back, as this was happening many persons said, we are now in bearish season which is the downtrend and as they were saying it, the price started doing what they can't comprend, the point am trying to make now is that, we may not experience such bear as we do before, so it is better we don't look at that direction, instead I encourage us to buy with looking at those directions, that seem like a discouragement.

People who want to invest in bitcoin should increase their knowledge about its basics and uses. If you look at the data since Bitcoin appeared, every year the price has soared higher and even reached a new ATH. What if someone tells you that BTC will again surpass the previous ATH accurately? Of course everyone's mindset will change and they will become more confident about their future. So what is happening now is normal in market dynamics. So if you want to invest in Bitcoin then don't use daily finances and it will make your psychology depressed all the time.

Look, I definitely agree with you, but here's one thing: if someone wants to invest in Bitcoin, then along with increasing their knowledge, they should also improve their financial situation. Because every time the price of Bitcoin falls, it creates new ATH. If you consider it from that perspective, you will understand that with the same income, you will not be able to continue investing comfortably in the distant future or even if you can, you will not be able to profit on average. This will affect your financial situation. Moreover, the increased cost of goods due to inflation will also negatively affect your personal life. So I personally think that if someone wants to secure their future, they should increase both knowledge and income.

There is no need for technical analysis or complex financial skills to start investing in Bitcoin. The first step to entering the world of Bitcoin is to start. It is a mental preparation where common sense and a desire to learn play a more effective role than being overly excited about technical analysis, market charts or price changes. It is not reasonable to postpone the investment time to learn too much about Bitcoin or to gain knowledge. It is wise to start with a small amount according to your ability, understanding your limitations well. As a result, it creates an opportunity to learn through practical experience in addition to reducing risk. Bitcoin is a powerful and influential asset in today's world. Therefore, it is essential to start investing in small amounts by understanding your financial cash flow management. Because if someone starts investing without keeping a system of discretionary income, then the main source of his problem will be the weakness of the financial structure, not the fluctuations of the market. Therefore, before investing in Bitcoin, one should have a proper plan about the flow of one's income, expenses and savings. Success in investment comes through patience, self-education, and continuous efforts.  Therefore, Bitcoin should not be seen as just an investment but as a path of self-development where one can take responsibility for one's own decisions, mistakes and learning. A realistic road map for beginners in Bitcoin investing is to start small, understand your financial structure, have a learning mindset, and be patient in the long run. It is not the intricacies of technical analysis but rather common sense, financial discipline and a mindset of self-improvement that are the foundation of true success.

I understand what you mean, there is no obligation for you to be rich to invest here, but your income needs to be at least stable enough that it will not affect your investment in the long run. The value of everything is increasing day by day. Even Bitcoin creates new ATH after every fall. I admit that you can start investing considering your situation, but if you do not improve your situation, that is, if you do not increase your income, it will definitely affect you later. On the other hand, there is the fear of unforeseen emergencies. If you bring up the fund somewhere here, one thing is how many times you can rely on the fund. I am not saying that you should wait to start investing, but after starting investing, it is necessary to increase your income to keep it going and to keep your personal life stable. Bitcoin is certainly a powerful and influential asset in today's world. But you will not get its results in the short term. You can start with a small amount, of course, but to keep it going, you must increase your income.

[impulse709]

As an average income earners that wishes to invest in Bitcoin and be successful in it, creating an emergency funds to safeguard your investment is a must, because it stands as the last layer of protection to your Bitcoin investment, but if you don't have it in place and emergency struck, you are likely going to sell or temper with your Bitcoin holdings just to address that emergency situation at hand.

The only set of investors that can afford investing in Bitcoin without an emergency funds are the rich guys because they have rich father's, uncle's, friends, business associate and even asset they can sell of to bail them out of any difficult financial situation unlike the poor that doesn't have such leverage, so it's very wrong to think that emergency funds is not mandatory for the survival of your Bitcoin holdings if you are an average income earners.

Yes you're correct but where my argument will always be is, some one saying emergency fund should be ready before anyone starts their Bitcoin investment, I don't agree to this anywhere, we can actually build our emergency fund along with our Bitcoin investment, let's not forget that what we need to invest in Bitcoin is our discretionary income and I believe that, this makes it easy for us to build our emergency fund along with our Bitcoin acumulation, the problem with some persons is, they don't just understand how things are done and they don't want to learn, even though I know that emergency fund is very important for a Bitcoin investor not to wake up one day to make some decisions just because he got no option, I still think, we should not see emergency fund as problem when we want to start our investment if we don't don't have it at that time, we should first figure out our way in first then we can start from their but we should never forget to start it as we start our Bitcoin acumulation.

I am completely on each side of this debate. Emergency funds are actually necessary in avoiding panic-selling in the difficult periods particularly among the average income earners. Nevertheless, I do not disagree that you do not always need to wait until you have a full-blown emergency fund before you begin your investment in Bitcoin. It is important to only invest your discretionary income or the money you can afford to lose so that you can slowly accumulate your share of Bitcoins as well as your emergency fund at the same time. It is about moderation and restraint: begin to hoard Bitcoin, but never forget to strive to achieve financial security in the meantime. Keep saving, and do not get prevented by the absence of a complete emergency fund.

[rojan]

As an average income earners that wishes to invest in Bitcoin and be successful in it, creating an emergency funds to safeguard your investment is a must, because it stands as the last layer of protection to your Bitcoin investment, but if you don't have it in place and emergency struck, you are likely going to sell or temper with your Bitcoin holdings just to address that emergency situation at hand.

The only set of investors that can afford investing in Bitcoin without an emergency funds are the rich guys because they have rich father's, uncle's, friends, business associate and even asset they can sell of to bail them out of any difficult financial situation unlike the poor that doesn't have such leverage, so it's very wrong to think that emergency funds is not mandatory for the survival of your Bitcoin holdings if you are an average income earners.

Yes you're correct but where my argument will always be is, some one saying emergency fund should be ready before anyone starts their Bitcoin investment, I don't agree to this anywhere, we can actually build our emergency fund along with our Bitcoin investment, let's not forget that what we need to invest in Bitcoin is our discretionary income and I believe that, this makes it easy for us to build our emergency fund along with our Bitcoin acumulation, the problem with some persons is, they don't just understand how things are done and they don't want to learn, even though I know that emergency fund is very important for a Bitcoin investor not to wake up one day to make some decisions just because he got no option, I still think, we should not see emergency fund as problem when we want to start our investment if we don't don't have it at that time, we should first figure out our way in first then we can start from their but we should never forget to start it as we start our Bitcoin acumulation.

I am completely on each side of this debate. Emergency funds are actually necessary in avoiding panic-selling in the difficult periods particularly among the average income earners. Nevertheless, I do not disagree that you do not always need to wait until you have a full-blown emergency fund before you begin your investment in Bitcoin. It is important to only invest your discretionary income or the money you can afford to lose so that you can slowly accumulate your share of Bitcoins as well as your emergency fund at the same time. It is about moderation and restraint: begin to hoard Bitcoin, but never forget to strive to achieve financial security in the meantime. Keep saving, and do not get prevented by the absence of a complete emergency fund.

It is necessary to strike a balance when investing in Bitcoin as an average income earner. This would be valuable in having an emergency fund to prevent panic-selling when you find yourself in an emergency, which is against your long-term HODL plan. Nevertheless, there are no always needs to wait and construct it to an extent before investing. By investing nothing but discretionary income, the money you can comfortably do without, you can increase your Bitcoin investment, as well as emergency fund, at the same time. It is important to be disciplined and moderate: begin small, build up slowly and create your financial safety net as you venture into the market.

[synchronym]

You are making a good point, people are very likely to have that absolute guarantee of investing in Bitcoin, We all know that Bitcoin have a tendency of growing and increasing and we might have a tendency of an opportunity of bullish periods, we might all know that when we have a chance of accumulating Bitcoin that should be a great opportunity of buying Bitcoin.

But investors should also understand that Bitcoin doesn’t have a guarantee, there is no guarantees of profits and there is no guarantee bull market coming immediately, well we might also experience more downturn, we might also have a bull period so actually nothing is guaranteed.

Since nothing is guaranteed in Bitcoin investment as you explained, what's the major triggering force for all Bitcoin investors.
First and foremost you should understand Bitcoin as a volatile asset will definitely face fluntuation which was what you have explained to your level of understanding, just like the two season you mentioned that exist which is the bearish and bullish period, if you're observant, you'll understand that the price has been hovering around 9$90k plus for few days now after settling at $86k and $87k plus for some days or will I say weeks back, as this was happening many persons said, we are now in bearish season which is the downtrend and as they were saying it, the price started doing what they can't comprend, the point am trying to make now is that, we may not experience such bear as we do before, so it is better we don't look at that direction, instead I encourage us to buy with looking at those directions, that seem like a discouragement.

People who want to invest in bitcoin should increase their knowledge about its basics and uses. If you look at the data since Bitcoin appeared, every year the price has soared higher and even reached a new ATH. What if someone tells you that BTC will again surpass the previous ATH accurately? Of course everyone's mindset will change and they will become more confident about their future. So what is happening now is normal in market dynamics. So if you want to invest in Bitcoin then don't use daily finances and it will make your psychology depressed all the time.

Fluctuations are a natural thing, but if you cannot accept these fluctuations as normal, then it can become very difficult to survive here. That is why it is necessary to gain knowledge about Bitcoin, it is important to have a clear idea about the history of Bitcoin, because through this you will have confidence in the future of Bitcoin, you will be able to hold Bitcoin with courage. The current changes in the market are also part of the natural trend, and it moves through fluctuations at every time. Therefore, do not panic too much, you must invest using additional or unnecessary money, so that mental stress does not increase during times of volatility. Only if you can keep yourself stable for a long time, it is possible to achieve long-term success from this.

Those who invest regularly in Bitcoin or are experienced in investing must know that the Bitcoin market fluctuates constantly, so if this fluctuation suddenly decreases or increases, we have to accept it very easily. Many times it is seen that those who are new to investing cannot easily take such fluctuations, and investing is not for them. Those who cannot easily take fluctuations should first gain as much knowledge as possible about the Bitcoin market and then invest. If a person is not aware of or does not have knowledge about Bitcoin, then investing in Bitcoin will be a bit complicated for them. Before investing, he must have enough idea about that investment, then if he invests, he will get an idea of how much profit he can or cannot make through the investment. However, the only way to invest successfully in our Bitcoin investment is to invest for the long term. If we can invest with a long-term investment plan, then we will definitely achieve enough success in the investment that ten more people will be encouraged to invest after seeing our success.

[Jostern]

You are making a good point, people are very likely to have that absolute guarantee of investing in Bitcoin, We all know that Bitcoin have a tendency of growing and increasing and we might have a tendency of an opportunity of bullish periods, we might all know that when we have a chance of accumulating Bitcoin that should be a great opportunity of buying Bitcoin.

But investors should also understand that Bitcoin doesn’t have a guarantee, there is no guarantees of profits and there is no guarantee bull market coming immediately, well we might also experience more downturn, we might also have a bull period so actually nothing is guaranteed.

Since nothing is guaranteed in Bitcoin investment as you explained, what's the major triggering force for all Bitcoin investors.
First and foremost you should understand Bitcoin as a volatile asset will definitely face fluntuation which was what you have explained to your level of understanding, just like the two season you mentioned that exist which is the bearish and bullish period, if you're observant, you'll understand that the price has been hovering around 9$90k plus for few days now after settling at $86k and $87k plus for some days or will I say weeks back, as this was happening many persons said, we are now in bearish season which is the downtrend and as they were saying it, the price started doing what they can't comprend, the point am trying to make now is that, we may not experience such bear as we do before, so it is better we don't look at that direction, instead I encourage us to buy with looking at those directions, that seem like a discouragement.

People who want to invest in bitcoin should increase their knowledge about its basics and uses. If you look at the data since Bitcoin appeared, every year the price has soared higher and even reached a new ATH. What if someone tells you that BTC will again surpass the previous ATH accurately? Of course everyone's mindset will change and they will become more confident about their future. So what is happening now is normal in market dynamics. So if you want to invest in Bitcoin then don't use daily finances and it will make your psychology depressed all the time.

Fluctuations are a natural thing, but if you cannot accept these fluctuations as normal, then it can become very difficult to survive here. That is why it is necessary to gain knowledge about Bitcoin, it is important to have a clear idea about the history of Bitcoin, because through this you will have confidence in the future of Bitcoin, you will be able to hold Bitcoin with courage. The current changes in the market are also part of the natural trend, and it moves through fluctuations at every time. Therefore, do not panic too much, you must invest using additional or unnecessary money, so that mental stress does not increase during times of volatility. Only if you can keep yourself stable for a long time, it is possible to achieve long-term success from this.

Those who invest regularly in Bitcoin or are experienced in investing must know that the Bitcoin market fluctuates constantly, so if this fluctuation suddenly decreases or increases, we have to accept it very easily. Many times it is seen that those who are new to investing cannot easily take such fluctuations, and investing is not for them. Those who cannot easily take fluctuations should first gain as much knowledge as possible about the Bitcoin market and then invest. If a person is not aware of or does not have knowledge about Bitcoin, then investing in Bitcoin will be a bit complicated for them. Before investing, he must have enough idea about that investment, then if he invests, he will get an idea of how much profit he can or cannot make through the investment. However, the only way to invest successfully in our Bitcoin investment is to invest for the long term. If we can invest with a long-term investment plan, then we will definitely achieve enough success in the investment that ten more people will be encouraged to invest after seeing our success.

It has never been a secret how Bitcoin works, but the truth is that an old investor will never panic when investing in Bitcoin and will definitely not panic when the market fluctuates, probably when the price of bitcoin dip, I believe what you can possibly do as an investor is to buy and keep accumulating more bitcoin, because there is absolutely no problem or challenge when the price of bitcoin dip, and you can’t get as much knowledge as possible immediately, what is more important is getting started as a newbie and then you keep buying and accumulating then along the line while buying and accumulating you will eventually learn more about bitcoin in the process of accumulating and staying more consistent, I absolutely don’t think there is anything wrong in staying consistent, sometimes when a dip happens it provides a different opportunities to buy bitcoin on a cheaper rate, all my time or buying bitcoin I have come across bitcoin in different phases, likely when there is a downturn in the market and when there is also a growth and you will have more opportunities of having more profit if you keeping buying and holding bitcoin.

[G_Besar]

You know I am so happy the way the market has gone for the past few weeks, this is where you know the real investors from the traders due to their panic, at least now we would understand how bitcoin price goes, and for those that believes on Prediction they can see for themselves that bitcoin price is not based on prediction, and for those expecting more dip to come before buying might still not be able to buy because you don't know if more dips will come, instead keep buying always as long as the fund is there.

In addition to continuing to buy while funds are still free for other things, every investor must also maintain confidence in holding onto their previously purchased Bitcoin without panicking and remembering to sell it soon. Because Bitcoin's price decline won't last forever, everyone has now seen that Bitcoin's price has returned past $90,000, which may be a sign of a price recovery next month. And I don't really care about the panicking people and traders who try to complain about the price decline because they themselves are trading happily, and they should also be happy to accept the risks when the price drops like the last few days.

[sotelorene]

You are making a good point, people are very likely to have that absolute guarantee of investing in Bitcoin, We all know that Bitcoin have a tendency of growing and increasing and we might have a tendency of an opportunity of bullish periods, we might all know that when we have a chance of accumulating Bitcoin that should be a great opportunity of buying Bitcoin.

But investors should also understand that Bitcoin doesn’t have a guarantee, there is no guarantees of profits and there is no guarantee bull market coming immediately, well we might also experience more downturn, we might also have a bull period so actually nothing is guaranteed.

Since nothing is guaranteed in Bitcoin investment as you explained, what's the major triggering force for all Bitcoin investors.
First and foremost you should understand Bitcoin as a volatile asset will definitely face fluntuation which was what you have explained to your level of understanding, just like the two season you mentioned that exist which is the bearish and bullish period, if you're observant, you'll understand that the price has been hovering around 9$90k plus for few days now after settling at $86k and $87k plus for some days or will I say weeks back, as this was happening many persons said, we are now in bearish season which is the downtrend and as they were saying it, the price started doing what they can't comprend, the point am trying to make now is that, we may not experience such bear as we do before, so it is better we don't look at that direction, instead I encourage us to buy with looking at those directions, that seem like a discouragement.

People who want to invest in bitcoin should increase their knowledge about its basics and uses. If you look at the data since Bitcoin appeared, every year the price has soared higher and even reached a new ATH. What if someone tells you that BTC will again surpass the previous ATH accurately? Of course everyone's mindset will change and they will become more confident about their future. So what is happening now is normal in market dynamics. So if you want to invest in Bitcoin then don't use daily finances and it will make your psychology depressed all the time.

Fluctuations are a natural thing, but if you cannot accept these fluctuations as normal, then it can become very difficult to survive here. That is why it is necessary to gain knowledge about Bitcoin, it is important to have a clear idea about the history of Bitcoin, because through this you will have confidence in the future of Bitcoin, you will be able to hold Bitcoin with courage. The current changes in the market are also part of the natural trend, and it moves through fluctuations at every time. Therefore, do not panic too much, you must invest using additional or unnecessary money, so that mental stress does not increase during times of volatility. Only if you can keep yourself stable for a long time, it is possible to achieve long-term success from this.

Those who invest regularly in Bitcoin or are experienced in investing must know that the Bitcoin market fluctuates constantly, so if this fluctuation suddenly decreases or increases, we have to accept it very easily. Many times it is seen that those who are new to investing cannot easily take such fluctuations, and investing is not for them. Those who cannot easily take fluctuations should first gain as much knowledge as possible about the Bitcoin market and then invest. If a person is not aware of or does not have knowledge about Bitcoin, then investing in Bitcoin will be a bit complicated for them. Before investing, he must have enough idea about that investment, then if he invests, he will get an idea of how much profit he can or cannot make through the investment. However, the only way to invest successfully in our Bitcoin investment is to invest for the long term. If we can invest with a long-term investment plan, then we will definitely achieve enough success in the investment that ten more people will be encouraged to invest after seeing our success.

It is normal for a beginner or newbie to feel scared or to be dismayed when there is massive Dip in the market price but is not normal or encouraging for them to sell off or panic because they have already decided in their mind before starting that they will invest and hold for long term regardless of what will happen and the reason why they should not be moved or tempted to sell off their investment is because it is believed they purchased Bitcoin with money they can afford to lose and so that should not be a problem when the market is down but most of the people that sell sometimes are people that purchased wrongly ( buying with funds that is meant for expenses) and this is a terrible mistake to make as an investor.

[jems]

You know I am so happy the way the market has gone for the past few weeks, this is where you know the real investors from the traders due to their panic, at least now we would understand how bitcoin price goes, and for those that believes on Prediction they can see for themselves that bitcoin price is not based on prediction, and for those expecting more dip to come before buying might still not be able to buy because you don't know if more dips will come, instead keep buying always as long as the fund is there.

In addition to continuing to buy while funds are still free for other things, every investor must also maintain confidence in holding onto their previously purchased Bitcoin without panicking and remembering to sell it soon. Because Bitcoin's price decline won't last forever, everyone has now seen that Bitcoin's price has returned past $90,000, which may be a sign of a price recovery next month. And I don't really care about the panicking people and traders who try to complain about the price decline because they themselves are trading happily, and they should also be happy to accept the risks when the price drops like the last few days.

Traders and investors who panic due to the decline are usually those new to Bitcoin.
On the other hand, I think long-term investors who accumulate Bitcoin using the DCA method will enthusiastically welcome the recent decline in Bitcoin prices. This is quite logical, as they can accumulate a larger amount of Bitcoin at a lower price, That's the advantage for long-term investors who continue to accumulate Bitcoin using the DCA method, I think we should just stay in that position and not worry about anything else.

[Tamaperdana]

The desire to wait until the right moment to acquire Bitcoin can usually keep people out of the market. With DCA, any price can be invested in and long-term held. Trying to time the market is a consistently losing strategy.

I'm actually quite surprised by people who wait for the right moment or a price drop when investing in Bitcoin. I don't think Bitcoin is an investment asset worth waiting for, as the longer we wait, the more opportunities we'll waste. That's why I'm quite baffled by such people. They think they can control Bitcoin's price at will, or they think their analysis is accurate enough to predict where Bitcoin's price will move. In my opinion, this is unhealthy, because Bitcoin's price is inherently difficult to predict, and if we're too busy analyzing, when will we start investing? So, for those of you who might still be caught up in such things, let's take a deep breath and stop burdening our minds with such things. Trust me, doing such things is incredibly draining. So, start investing in Bitcoin now and learn to be disciplined with your accumulation time and other aspects. Because something that's well-organized from the start will yield much more comfort in the future. So, the point is, start doing Bitcoin diversification (DCA), because trust me, I've proven it myself; it's more comfortable for our hearts and minds than worrying about when Bitcoin will decline.

[Princess Leah]

Traders and investors who panic due to the decline are usually those new to Bitcoin.
On the other hand, I think long-term investors who accumulate Bitcoin using the DCA method will enthusiastically welcome the recent decline in Bitcoin prices. This is quite logical, as they can accumulate a larger amount of Bitcoin at a lower price, That's the advantage for long-term investors who continue to accumulate Bitcoin using the DCA method, I think we should just stay in that position and not worry about anything else.

First off, traders have nothing to do with Bitcoin investment cause it's against their concept, Bitcoin investment involves holding for long-term which is something traders can't keep with cause they take profit on short-term intervals when they made gains which is against Bitcoin investment concepts whereby you'll have to hodl for a full circle or more before taking profits, not even everything you've invested but some portions.

 That's the more reason why traders panic cause they're mostly at lost when the market dips. As for newbie investors, I'll say it's ignorance that made them panic , else they're supposed to know that the dip is an advantage for investors to buy more Bitcoin at lower price, well most of them usually learn from their experience cause the usually retrace then pump again then cause those weak investors to regret selling during the dip.

[Cossyblack]

It is normal for a beginner or newbie to feel scared or to be dismayed when there is massive Dip in the market price but is not normal or encouraging for them to sell off or panic because they have already decided in their mind before starting that they will invest and hold for long term regardless of what will happen and the reason why they should not be moved or tempted to sell off their investment is because it is believed they purchased Bitcoin with money they can afford to lose and so that should not be a problem when the market is down but most of the people that sell sometimes are people that purchased wrongly ( buying with funds that is meant for expenses) and this is a terrible mistake to make as an investor.

In this case,I think not only beginners or newbies panic when the price starts declining but everyone who has invested a dime in Bitcoin panics. It is not encouraging to invest with money you cannot afford to lose in Bitcoin because when the price starts declining or a market downturns occurs, you will be force to sell your Bitcoin portfolio. Bitcoin is a highly violatile asset,and the markets comes with a lot uncertainty. However, as investors we must prepare our minds to Hodl so that we are not tempted to sell through market downturns. This is likewise an opportunity to buy large amounts of Bitcoin at lower prices.

[B2Z]

As an average income earners that wishes to invest in Bitcoin and be successful in it, creating an emergency funds to safeguard your investment is a must, because it stands as the last layer of protection to your Bitcoin investment, but if you don't have it in place and emergency struck, you are likely going to sell or temper with your Bitcoin holdings just to address that emergency situation at hand.

The only set of investors that can afford investing in Bitcoin without an emergency funds are the rich guys because they have rich father's, uncle's, friends, business associate and even asset they can sell of to bail them out of any difficult financial situation unlike the poor that doesn't have such leverage, so it's very wrong to think that emergency funds is not mandatory for the survival of your Bitcoin holdings if you are an average income earners.

Yes you're correct but where my argument will always be is, some one saying emergency fund should be ready before anyone starts their Bitcoin investment, I don't agree to this anywhere, we can actually build our emergency fund along with our Bitcoin investment, let's not forget that what we need to invest in Bitcoin is our discretionary income and I believe that, this makes it easy for us to build our emergency fund along with our Bitcoin acumulation, the problem with some persons is, they don't just understand how things are done and they don't want to learn, even though I know that emergency fund is very important for a Bitcoin investor not to wake up one day to make some decisions just because he got no option, I still think, we should not see emergency fund as problem when we want to start our investment if we don't don't have it at that time, we should first figure out our way in first then we can start from their but we should never forget to start it as we start our Bitcoin acumulation.

I also agree that there is no need for a separate fund for Bitcoin investment. What is needed is to develop a habit of regular investment. If we can invest regularly in Bitcoin according to our ability, whether it is $ 20 or $ 15, or if we can develop a habit of investment, then this investment is very positive for us. Many times we see that to form a separate fund for investment in Bitcoin, we have to have a lot of plans, but when it comes to fulfilling that plan, we delay the investment a lot. Due to delay, we fall behind a lot. Therefore, instead of delaying investment, instead of forming a separate fund, we should develop a habit of continuous small investments. In this way, if we invest, we will definitely get the desired success if we invest in Bitcoin. There are many investors who are very successful in Bitcoin investment. Many new investors want to invest. Maybe they rush too much without understanding the correct rules of Bitcoin, so they should have their long-term plans and test the market before investing in Bitcoin. Of course, we can start investing from less.  Basically, we need to develop a habit of investing and acquire a minimum knowledge about Bitcoin and invest with a long-term plan after examining the market. If we invest in this way, then we will definitely achieve success in Bitcoin investment.

[Zanab247]

As an average income earners that wishes to invest in Bitcoin and be successful in it, creating an emergency funds to safeguard your investment is a must, because it stands as the last layer of protection to your Bitcoin investment, but if you don't have it in place and emergency struck, you are likely going to sell or temper with your Bitcoin holdings just to address that emergency situation at hand.

The only set of investors that can afford investing in Bitcoin without an emergency funds are the rich guys because they have rich father's, uncle's, friends, business associate and even asset they can sell of to bail them out of any difficult financial situation unlike the poor that doesn't have such leverage, so it's very wrong to think that emergency funds is not mandatory for the survival of your Bitcoin holdings if you are an average income earners.

Yes you're correct but where my argument will always be is, some one saying emergency fund should be ready before anyone starts their Bitcoin investment, I don't agree to this anywhere, we can actually build our emergency fund along with our Bitcoin investment, let's not forget that what we need to invest in Bitcoin is our discretionary income and I believe that, this makes it easy for us to build our emergency fund along with our Bitcoin acumulation, the problem with some persons is, they don't just understand how things are done and they don't want to learn, even though I know that emergency fund is very important for a Bitcoin investor not to wake up one day to make some decisions just because he got no option, I still think, we should not see emergency fund as problem when we want to start our investment if we don't don't have it at that time, we should first figure out our way in first then we can start from their but we should never forget to start it as we start our Bitcoin acumulation.

I am completely on each side of this debate. Emergency funds are actually necessary in avoiding panic-selling in the difficult periods particularly among the average income earners. Nevertheless, I do not disagree that you do not always need to wait until you have a full-blown emergency fund before you begin your investment in Bitcoin. It is important to only invest your discretionary income or the money you can afford to lose so that you can slowly accumulate your share of Bitcoins as well as your emergency fund at the same time. It is about moderation and restraint: begin to hoard Bitcoin, but never forget to strive to achieve financial security in the meantime. Keep saving, and do not get prevented by the absence of a complete emergency fund.

You must be on one side in this debate mate,  emergency money should be make ready before the emergency occur in the market,  because that is what will give you the ability to buy from the suddenly dump of the price of BTC  and hodl for your wish to come before you can release for sale. Investing what you can afford to lose in BTC is very important to every hodlers in the industry, so that you will not regret when the bull run is delaying to occur fully in the market.

I guess this is the time for those that have emergency money in their account to begin to buy BTC from the market, because the price of BTC is low for anyone to buy  and multiple  BTC in the future.

[Cgrexp]

It is normal for a beginner or newbie to feel scared or to be dismayed when there is massive Dip in the market price but is not normal or encouraging for them to sell off or panic because they have already decided in their mind before starting that they will invest and hold for long term regardless of what will happen and the reason why they should not be moved or tempted to sell off their investment is because it is believed they purchased Bitcoin with money they can afford to lose and so that should not be a problem when the market is down but most of the people that sell sometimes are people that purchased wrongly ( buying with funds that is meant for expenses) and this is a terrible mistake to make as an investor.

In this case,I think not only beginners or newbies panic when the price starts declining but everyone who has invested a dime in Bitcoin panics. It is not encouraging to invest with money you cannot afford to lose in Bitcoin because when the price starts declining or a market downturns occurs, you will be force to sell your Bitcoin portfolio. Bitcoin is a highly violatile asset,and the markets comes with a lot uncertainty. However, as investors we must prepare our minds to Hodl so that we are not tempted to sell through market downturns. This is likewise an opportunity to buy large amounts of Bitcoin at lower prices.

No investor wants a prolonged downturn. New investors may hope for a break in the downturn, but those who have already accumulated a lot of Bitcoin do not. While it may be beneficial for long-term investors, some may lose money or others may become fearful, which is not the best investment strategy. Many new investors may also close Bitcoin out of fear of future fluctuations. Bitcoin brings a lot of uncertainty to the market because it is a volatile asset, so as investors, we should avoid the temptation to sell during a downturn.

[Silikiem]

As an average income earners that wishes to invest in Bitcoin and be successful in it, creating an emergency funds to safeguard your investment is a must, because it stands as the last layer of protection to your Bitcoin investment, but if you don't have it in place and emergency struck, you are likely going to sell or temper with your Bitcoin holdings just to address that emergency situation at hand.

The only set of investors that can afford investing in Bitcoin without an emergency funds are the rich guys because they have rich father's, uncle's, friends, business associate and even asset they can sell of to bail them out of any difficult financial situation unlike the poor that doesn't have such leverage, so it's very wrong to think that emergency funds is not mandatory for the survival of your Bitcoin holdings if you are an average income earners.

Yes you're correct but where my argument will always be is, some one saying emergency fund should be ready before anyone starts their Bitcoin investment, I don't agree to this anywhere, we can actually build our emergency fund along with our Bitcoin investment, let's not forget that what we need to invest in Bitcoin is our discretionary income and I believe that, this makes it easy for us to build our emergency fund along with our Bitcoin acumulation, the problem with some persons is, they don't just understand how things are done and they don't want to learn, even though I know that emergency fund is very important for a Bitcoin investor not to wake up one day to make some decisions just because he got no option, I still think, we should not see emergency fund as problem when we want to start our investment if we don't don't have it at that time, we should first figure out our way in first then we can start from their but we should never forget to start it as we start our Bitcoin acumulation.

I also agree that there is no need for a separate fund for Bitcoin investment. What is needed is to develop a habit of regular investment. If we can invest regularly in Bitcoin according to our ability, whether it is $ 20 or $ 15, or if we can develop a habit of investment, then this investment is very positive for us. Many times we see that to form a separate fund for investment in Bitcoin, we have to have a lot of plans, but when it comes to fulfilling that plan, we delay the investment a lot. Due to delay, we fall behind a lot. Therefore, instead of delaying investment, instead of forming a separate fund, we should develop a habit of continuous small investments. In this way, if we invest, we will definitely get the desired success if we invest in Bitcoin. There are many investors who are very successful in Bitcoin investment. Many new investors want to invest. Maybe they rush too much without understanding the correct rules of Bitcoin, so they should have their long-term plans and test the market before investing in Bitcoin. Of course, we can start investing from less.  Basically, we need to develop a habit of investing and acquire a minimum knowledge about Bitcoin and invest with a long-term plan after examining the market. If we invest in this way, then we will definitely achieve success in Bitcoin investment.

I don’t seem to comprehend what you mean by testing the market before you start investing In bitcoin. Once an individual is desirous to invest in bitcoin and having the mindset of investing for the long term goal I don’t think you still need to test the market before you can start accumulating and investing in bitcoin. If you said testing the market before starting to invest in bitcoin it probably shows that you’re not yet ready to invest or perhaps you’re trying to read the market price and performance which will suits you before you can start investing fully and such mindset is the mindset of that of traders who wants to only accumulate bitcoin When the price is favorable to them  so they can sell for a quick gain especially when they notice a little increase in the price. As a long term mindset bitcoin investor desirous to accumulate and invest in bitcoin for a long term purpose, you don’t need to test the market before you can start accumulating bitcoin, all you need is to figure out a discretionary income to regularly accumulate bitcoin and hold using the DCA method either on a weekly or monthly basis depending on how your income flows.

[JayJuanGee]

Sure, If a guy has a good investment structure and is always disciplined to stick to it, which is him buying in line with his discretionary income, building his emergency fund to cover at least 3 months of his living expenses, also building his reserve funds for cases of dip buying and whatnot, then in such case,  watching the market wouldn't in any way disrupt his investment or cause havoc to it... Being disciplined to sticking to your plan really has a way of protecting investors from any kind of unnecessary reaction whatsoever, coz any decision made wouldn't be as a result of impulse.

Should reserve fund be used in the initial stage to buy dips? We should have a stage in the backup fund and have a good plan. In the initial stage, we can go to cash flow or floating fund for any purchases or expenses. Since buying dips is not very important for us, I consider cash flow as the right fund for buying dips. When you have a cash flow shortage and you are not able to replenish the cash flow, then you can consider that time as an emergency and that can be a yellow signal of emergency. At that time, it may be a good step to find a solution to the emergency, not buying dips. It is not important that always the end of cash flow means an emergency, but rather it depends on the ability to replenish.

This will depend entirely on the investor, if the investor has good financial support and is very serious about investing from the beginning, then I would say that he should create an emergency fund at the beginning of the investment. However, investors who do not actually have the money to create an emergency fund do not need to think much about it, but should focus only on investing and when they realize that they have some money left over from their investments, then these investors can decide to create an emergency fund. Because our main objective is to invest in Bitcoin consistently and the main objective of creating an emergency fund is to ensure the continuity of investment and continue the investment for a long time. However, if an investor feels that while creating an emergency fund, his investment is becoming irregular or it is becoming difficult to manage his family, then he should abandon the idea of creating an emergency fund.

You come off as looney, Fuso.hp.

Of course, bitcoin investors can do whatever they want, and they would be engaging in a lot of risk if they are considering their keeping and maintaining a financial cushion to be "optional" since it might be uncomfortable to establish and maintain.

You seem to be saying that zero backup funds is an option... and for how long is zero back up funds an option?

Perhaps I could agree with you if suddenly funds had to be spent, so then sometimes we might get forced into having zero until our next cash comes in.

Let's say that a person is brand new to bitcoin, and he has an income that is $1,500 per month and expenses that are $1k per month.  He get's paid twice a month and he was just paid.. He went shopping, and he paid his rent, and he has $500 remaining in all of his accounts. .. and so you think he is o.k. to use all $500 to buy bitcoin and then just wait to get paid in 2 weeks?

Buying bitcoin is optional, but the guy does not have any bitcoin, yet he has $500.

Then in two weeks the guy is paid $750.  Should he buy $250 of bitcoin as soon as he gets paid, and hold the other $500 for his monthly expenses?  How are you proposing the guy deal with his desire to buy bitcoin in the midst of his expected income and his expected expenses?

[Gaza13]

Traders and investors who panic due to the decline are usually those new to Bitcoin.
On the other hand, I think long-term investors who accumulate Bitcoin using the DCA method will enthusiastically welcome the recent decline in Bitcoin prices. This is quite logical, as they can accumulate a larger amount of Bitcoin at a lower price, That's the advantage for long-term investors who continue to accumulate Bitcoin using the DCA method, I think we should just stay in that position and not worry about anything else.

Yes, this almost always happens to beginners who are not ready to face the fluctuations that occur in the market. They assume that their money will be lost if they don't sell their assets, but this is actually a reaction that worsens their losses. Differently, those who already have experience and are often involved in the market will certainly not panic when they see the extreme decline that occurred recently. For them, this is precisely what they have been waiting for, so they can gradually accumulate at the lowest price they can get. And they also understand that if we focus on the long term, the results will certainly be optimal.

[Mehmet69]

No investor wants a prolonged downturn. New investors may hope for a break in the downturn, but those who have already accumulated a lot of Bitcoin do not.

But I think long-term investors don't need to worry about whether it's a bear market or a bull market. Their main goal is to invest no matter what the market is. A long-term investor invests to reach a set goal. Not to make a profit. Their goal is to build wealth for the future. So the worse the market is, the easier it will be for a long-term investor to build a portfolio. Long-term investors don't worry about the duration of a bear market.

Short-term investors and Bitcoin traders are the ones who want to avoid a long bear market.