Buy the DIP, and HODL!

[BlackBoss_]

Yes sure!!, that’s how I do it now, although when I started investing I wasn’t preparing for any emergency funds, I was only just buying as much as I can afford, before I got on the forum and then I learnt how good it is to prepare an emergency funds for my bitcoin investment and not only that I also learnt I can prepare my emergency funds along side while I’m accumulating bitcoin.

You need to build up your emergency fund anytime you can, even you did not reserve your money for it in the past, you can start doing it since today. It's never too late to reserve money for your emergency fund as if you did not need it in the past, it means you were lucky enough but accidents might come in the future.

Fortunately, you already realized importance of an emergency fund and your Bitcoin investment portfolio has been built a long time, so from now you won't have to seriously invest in Bitcoin with income. Let's split part of your income for emergency fund as it is very vital for your life and helpful for your investment result as well.

With good emergency fund, you have very small or almost no risk of selling your bitcoin for money used for urgent needs. This reduces if not eliminates risk of selling with loss price and that means you have good plan and financial preparation through emergency fund for avoiding controllable loss.

[JayJuanGee]

Yes sure!!, that’s how I do it now, although when I started investing I wasn’t preparing for any emergency funds, I was only just buying as much as I can afford, before I got on the forum and then I learnt how good it is to prepare an emergency funds for my bitcoin investment and not only that I also learnt I can prepare my emergency funds along side while I’m accumulating bitcoin.

You need to build up your emergency fund anytime you can, even you did not reserve your money for it in the past, you can start doing it since today. It's never too late to reserve money for your emergency fund as if you did not need it in the past, it means you were lucky enough but accidents might come in the future.

Fortunately, you already realized importance of an emergency fund and your Bitcoin investment portfolio has been built a long time, so from now you won't have to seriously invest in Bitcoin with income. Let's split part of your income for emergency fund as it is very vital for your life and helpful for your investment result as well.

With good emergency fund, you have very small or almost no risk of selling your bitcoin for money used for urgent needs. This reduces if not eliminates risk of selling with loss price and that means you have good plan and financial preparation through emergency fund for avoiding controllable loss.

If someone is brand new to bitcoin, he may well assess his cash situation, his income and his expenses, and then figure out how much he has to invest into bitcoin.

If a guy had been investing into bitcoin for a while and then realizes that he has little to no back up funds, then he needs to assess how urgent it might be to fix his current situation so that he is not putting his bitcoin at risk.... If he has no back up funds and his bitcoin is the only thing that he has besides his regular income, then he is likely engaging in too much risk, and if any thing happens where he does not have enough money to cover the situation, then that will be his own fault for maintaining such a set up and likely using money that he needs for his expenses to invest into bitcoin.

If guys don't make sure that they are adequately protected with back up funds, then they ONLY have themselves to blame if they end up tapping into their bitcoin at a time that is not of their choosing... and yeah, some guys tap into their bitcoin way too soon and they feel o.k. to tap into them if they happen to be in profits, yet it may well not be a good idea, even though they are in profits, since anyone serious about building up a bitcoin investment for 4-10 years or longer in a way that really empowers them, then they would be and should be figuring out ways to avoid tapping into their bitcoin before it has reached decently large sizes in which perhaps they are close to being able to start to sustainably withdraw from it.

By the way, if a person is investing into bitcoin for more than 10 years, it may well be the case that his bitcoin is worth several times more than the amount that he had put into it, yet at the same time, we cannot really know in advance what the assessment of the bitcoin value is going to be when it comes to 10 years or more down the road of building up the stack size and perhaps maintaining it for several years before entering into a phase in which they are authorizing themselves to start to sell some bitcoin, whether price based sustainable withdrawal or time based sustainable withdrawal.. ..

[Mr_Brilliant$]

That is true, but what I want to emphasize here is not as if this is a risk-free investment and everything is guaranteed because even though we are in bitcoin but we still have to realize from the start that whatever the investment everything has a risk, especially bitcoin which is quite volatile.
But some that I can see even some who discuss in this thread they seem to forget and see bitcoin as risk-free but the fact is not like that.

I know and even now I still feel the benefits are clearly obtained especially when looking at past history and what I have done in recent years of course I have benefited temporarily until now but that does not mean we have to believe that this is risk-free because being in bitcoin will not be like that at any time.

Risk and volatility are not the same thing.

I do like to say that one of the most inevitable things about bitcoin is its volatility, so if we know that volatility is inevitable, then doesn't a known factor become less of a risk?

I think equating volatility to risk is a sloppy way of talking about risk.

This is not meant to make it seem as if volatility and risk are the same thing but in this case I want to show that the timeframe is also important because the longer we are in bitcoin, the less risk we will face because the volatility in bitcoin is very large and when we are here for only daily, weekly, or even monthly as traders do, the greater the risk we will face.

On the other hand, it is important for us to realize that when in bitcoin it is clear that it is not a guarantee tool (as we have agreed in the discussion before this) because it depends on us alone who ensure in ways and steps that have been arranged with the plans we have including money management which of course must be considered as well.

By the way if we already know that bitcoin's price is very volatile, then there should be ways that we can deal with that, which would include creating a budget that accounts for such volatility (so then whether we invest $40 per week, $100 per week or some other amount, then the amount that we choose may well relate to our thoughts about bitcoin's volatility), right?

I agree with you on this because sometimes some of us are too focused on investing but don't take the budget into account. Because the ideal investment scheme is definitely supported by a clear budget but some actually miss this.

No good investors throw all his eggs into one basket however there are various approaches or strategies to accumulating Bitcoin which may not necessarily demand an investor to invest all his income into Bitcoin so as to avoid regrets and selling your Bitcoin during bearish season then experience loses hence DCA may enable an investor to keep accumulating Bitcoin as it value depreciates, more and more.

True talk. No sensible investor will go all in on one thing, especially with money they might need later… That kind of pressure is what makes people sell at the worst time..  DCA helps remove that stress because you are buying gradually with what you can afford..
When price drops, it will not nw feel like disaster, it will just feel like another chance to add again.. Because the long run being consistency is always better that emotional buying.

[Silikiem]

Yes sure!!, that’s how I do it now, although when I started investing I wasn’t preparing for any emergency funds, I was only just buying as much as I can afford, before I got on the forum and then I learnt how good it is to prepare an emergency funds for my bitcoin investment and not only that I also learnt I can prepare my emergency funds along side while I’m accumulating bitcoin.

You need to build up your emergency fund anytime you can, even you did not reserve your money for it in the past, you can start doing it since today. It's never too late to reserve money for your emergency fund as if you did not need it in the past, it means you were lucky enough but accidents might come in the future.

Fortunately, you already realized importance of an emergency fund and your Bitcoin investment portfolio has been built a long time, so from now you won't have to seriously invest in Bitcoin with income. Let's split part of your income for emergency fund as it is very vital for your life and helpful for your investment result as well.

With good emergency fund, you have very small or almost no risk of selling your bitcoin for money used for urgent needs. This reduces if not eliminates risk of selling with loss price and that means you have good plan and financial preparation through emergency fund for avoiding controllable loss.

If someone is brand new to bitcoin, he may well assess his cash situation, his income and his expenses, and then figure out how much he has to invest into bitcoin.

If a guy had been investing into bitcoin for a while and then realizes that he has little to no back up funds, then he needs to assess how urgent it might be to fix his current situation so that he is not putting his bitcoin at risk.... If he has no back up funds and his bitcoin is the only thing that he has besides his regular income, then he is likely engaging in too much risk, and if any thing happens where he does not have enough money to cover the situation, then that will be his own fault for maintaining such a set up and likely using money that he needs for his expenses to invest into bitcoin.

If guys don't make sure that they are adequately protected with back up funds, then they ONLY have themselves to blame if they end up tapping into their bitcoin at a time that is not of their choosing... and yeah, some guys tap into their bitcoin way too soon and they feel o.k. to tap into them if they happen to be in profits, yet it may well not be a good idea, even though they are in profits, since anyone serious about building up a bitcoin investment for 4-10 years or longer in a way that really empowers them, then they would be and should be figuring out ways to avoid tapping into their bitcoin before it has reached decently large sizes in which perhaps they are close to being able to start to sustainably withdraw from it.

By the way, if a person is investing into bitcoin for more than 10 years, it may well be the case that his bitcoin is worth several times more than the amount that he had put into it, yet at the same time, we cannot really know in advance what the assessment of the bitcoin value is going to be when it comes to 10 years or more down the road of building up the stack size and perhaps maintaining it for several years before entering into a phase in which they are authorizing themselves to start to sell some bitcoin, whether price based sustainable withdrawal or time based sustainable withdrawal.. ..

Very true, and that’s why I started out lately to not be using all my discretionary income to accumulate and invest in bitcoin, even though I still make sure I sorted out my primary basic needs. As a matter of fact I tend to put a higher percentage of my discretionary income into my emergency funds and then use a lesser percentage for my bitcoin accumulation because I believe that bitcoin investment is a gradual process since I’m not in for a short quick profit, it doesn’t matter how little I buy but what matters most is my consistency in those my little buy and holding for the long term goal knowing fully well that my emergency funds is there to always shield my investments so I won’t sell when is not of my own choosing even if I’m in some sort of a profit.

[Cossyblack]

Surely there can be circumstances in which we end up having emergencies that might end up going beyond the size of our various back up funds and our emergency funds that end up causing us to have to dip into our bitcoin stash, so we cannot necessarily predict or prevent all negative contingencies that might befall us that end up diverting or destroying our bitcoin accumulation progress... and yeah, there are age and health situations that might come up that we might not have had anticipated.

You are right about emergencies. We cannot prevent them from happening or predict the exact date it might occur but at least we know what's is at stake when we don't have strong backups fund.  When we don't have emergency fund, our bitcoin investment would be at stake as we might be tempted or end up tampering with it. Some emergencies might exceeds what our various emergency fund can handle. Regarding that,we should seek financial assistance from friends and families, maybe it would help instead of tampering with our bitcoin.  Our bitcoin should be the last option except when every other options failed .

[Futurexxx]

Very true, and that’s why I started out lately to not be using all my discretionary income to accumulate and invest in bitcoin, even though I still make sure I sorted out my primary basic needs. As a matter of fact I tend to put a higher percentage of my discretionary income into my emergency funds and then use a lesser percentage for my bitcoin accumulation because I believe that bitcoin investment is a gradual process since I’m not in for a short quick profit, it doesn’t matter how little I buy but what matters most is my consistency in those my little buy and holding for the long term goal knowing fully well that my emergency funds is there to always shield my investments so I won’t sell when is not of my own choosing even if I’m in some sort of a profit.

Investing higher percentage of your discretionary income into Bitcoin makes your investment journey stressful because you wouldn't have that freedom financially to stack up a tangible emergency and reserve funds very quick.

Additionally, you wouldn't have more of that freedom of having discretionary income for consumption which I sees as unavoidable since at some point in our investment journey, we will want to gamble, buy some cigarettes, tip a friend or a waiter, so not investing higher percentage of your discretionary income is very necessary for freedom, at least 60% is fair if you ask me.

[MainIbem]

...

If someone is brand new to bitcoin, he may well assess his cash situation, his income and his expenses, and then figure out how much he has to invest into bitcoin.

If a guy had been investing into bitcoin for a while and then realizes that he has little to no back up funds, then he needs to assess how urgent it might be to fix his current situation so that he is not putting his bitcoin at risk.... If he has no back up funds and his bitcoin is the only thing that he has besides his regular income, then he is likely engaging in too much risk, and if any thing happens where he does not have enough money to cover the situation, then that will be his own fault for maintaining such a set up and likely using money that he needs for his expenses to invest into bitcoin.

If guys don't make sure that they are adequately protected with back up funds, then they ONLY have themselves to blame if they end up tapping into their bitcoin at a time that is not of their choosing... and yeah, some guys tap into their bitcoin way too soon and they feel o.k. to tap into them if they happen to be in profits, yet it may well not be a good idea, even though they are in profits, since anyone serious about building up a bitcoin investment for 4-10 years or longer in a way that really empowers them, then they would be and should be figuring out ways to avoid tapping into their bitcoin before it has reached decently large sizes in which perhaps they are close to being able to start to sustainably withdraw from it.

By the way, if a person is investing into bitcoin for more than 10 years, it may well be the case that his bitcoin is worth several times more than the amount that he had put into it, yet at the same time, we cannot really know in advance what the assessment of the bitcoin value is going to be when it comes to 10 years or more down the road of building up the stack size and perhaps maintaining it for several years before entering into a phase in which they are authorizing themselves to start to sell some bitcoin, whether price based sustainable withdrawal or time based sustainable withdrawal.. ..

That's the first step for everyone that's willing to invest in Bitcoin, figure our how much you could spare to Bitcoin from your income then buy and maintain consistency. Yes that's true Jay, it's kinda risky to embark into investing in Bitcoin without any back funds to maintain their discretionary, it's very essential for a healthy portfolio to be maintained so one don't end up wasting their time and risk the portfolio they're trying to build. Bitcoin investment is not just about buying and holding, securing your portfolio, being consistent with growing it and maintaining a healthy portfolio matters too, so every investor ought to be prepared so they don't end up risking their portfolio at the end. Withdrawal would definitely come on the long run after investing for longer period but building and maintaining a healthy portfolio is what matters most.

[Hardyrobust]

Surely there can be circumstances in which we end up having emergencies that might end up going beyond the size of our various back up funds and our emergency funds that end up causing us to have to dip into our bitcoin stash, so we cannot necessarily predict or prevent all negative contingencies that might befall us that end up diverting or destroying our bitcoin accumulation progress... and yeah, there are age and health situations that might come up that we might not have had anticipated.

You are right about emergencies. We cannot prevent them from happening or predict the exact date it might occur but at least we know what's is at stake when we don't have strong backups fund.  When we don't have emergency fund, our bitcoin investment would be at stake as we might be tempted or end up tampering with it. Some emergencies might exceeds what our various emergency fund can handle. Regarding that,we should seek financial assistance from friends and families, maybe it would help instead of tampering with our bitcoin.  Our bitcoin should be the last option except when every other options failed .

Not having or setting up an emergency funds while we are hoping of holding bitcoin for long term is a journey that may soon come to an end . The only way we can be able to achieve the journey of holding bitcoin for a long term is by setting up an emergency funds and also using only discretionary income to invest with in other to avoid gambling with our peace of mind.
Emergencies doesn't pronounce or announce itself, that be the case there is need to set aside some funds that maybe used to attend to this emergency whenever they will raise head in the future.

[demonica]

If a guy had been investing into bitcoin for a while and then realizes that he has little to no back up funds, then he needs to assess how urgent it might be to fix his current situation so that he is not putting his bitcoin at risk.... If he has no back up funds and his bitcoin is the only thing that he has besides his regular income, then he is likely engaging in too much risk, and if any thing happens where he does not have enough money to cover the situation, then that will be his own fault for maintaining such a set up and likely using money that he needs for his expenses to invest into bitcoin.

That’s why it’s really important to have emergency funds. Not just to protect your bitcoin investment, but in general. There might be circumstances where we really have no other money left then an emergency could happen.

We never know when we’ll be needing money for emergencies like accidents, health related, and such. And it would really be a waste of opportunity if we’ll end up using our bitcoin investments just because we have no other savings for emergency purposes.

But the moment we realized this kind of thing, it’s better to start considering to allocate funds for emergencies as soon as possible. Even if it’s just a small amount from our income, it will be a great help when the day comes we will be needing it. And it’s also to prevent having to sell our other investments just because we are prepared for such emergencies.

[ZeroVinsonN]

True talk. No sensible investor will go all in on one thing, especially with money they might need later… That kind of pressure is what makes people sell at the worst time..  DCA helps remove that stress because you are buying gradually with what you can afford..
When price drops, it will not nw feel like disaster, it will just feel like another chance to add again.. Because the long run being consistency is always better that emotional buying.

What removes the stress here is investing with your discretionary income, DCAing outside of your discretionary income will still lead to you having to sell early because the money you are using was meant for something else, when an investor combines DCAing and investing with their discretionary income then that's when the stress is removed and they no longer feel threatened by price fluctuations since they are buying consistently regardless of the what the price is at the particular time of purchase.

[barisbilgili]

True talk. No sensible investor will go all in on one thing, especially with money they might need later… That kind of pressure is what makes people sell at the worst time..  DCA helps remove that stress because you are buying gradually with what you can afford..
When price drops, it will not nw feel like disaster, it will just feel like another chance to add again.. Because the long run being consistency is always better that emotional buying.

What removes the stress here is investing with your discretionary income, DCAing outside of your discretionary income will still lead to you having to sell early because the money you are using was meant for something else, when an investor combines DCAing and investing with their discretionary income then that's when the stress is removed and they no longer feel threatened by price fluctuations since they are buying consistently regardless of the what the price is at the particular time of purchase.

I think accumulating Bitcoin using discretionary income is the most important thing, and besides that, we also have to have an emergency fund. If both of these things are done, I don't think there will be any problem in the investment being carried out because there is no urgent dependency that makes us have to cancel the investment regardless of the market situation and other influences. However, if we do it correctly and stick to the initial plan, I don't think there will be any problem.

[Razmirraz]

There are basically three strategies to buy Bitcoin as investors and they are DCA, lump sum and buy the dip, you can choose any of them that you're comfortable with and if you have a sizable discretionary funds you can do more than one strategy. Most of us agree that DCA is the best strategy because it doesn't put your under any pressure like waiting for a perfect opportunity to buy dip or gathering enough funds to buy lump sum.

The center point about Bitcoin investment is money so improving your potentials to earn more money is very important, that is what will truly sustain your Bitcoin accumulation for many years. If you know financial management but you don't have money to put it in practice you won't succeed as a Bitcoin investor.

Among the three strategies mentioned an investor who just started accumulating bitcoin or who has not arrived at his accumulation stage should avoid the BUY THE DIP STRATEGY this is not for new investors but for those that has arrived at their accumulation stage because they have already stack portfolio with enough bitcoin. A new bitcoin investor should accumulate using the DCA strategy so that he won't wait for the dip before he can accumulate bitcoin because a new investor is supposed to be accumulating on a regular basis every weeks or every months and hodl for long period of time.

Buying the dip is more suitable for institutional investors such as companies and governments because they have long-term investment strategies, substantial resources, high risk tolerance, and full confidence in Bitcoin long-term growth. Their financial capabilities allow them to buy Bitcoin at a lower price when the price drops and increase the potential for long-term profits.

Buying when the price drops can also be applied by beginners, but they must understand that Bitcoin prices are very volatile. To implement this strategy, you also need a clear strategy and not be easily trapped by emotions when the value of assets slowly begins to decline. You also need to start investing with a small amount that does not exceed your financial capabilities. In that case, DCA remains the best strategy for beginners because it allows investing the same amount regularly regardless of the price, this strategy can also help reduce risk and make investments more stable.

[ejikeme24]

As a matter of fact I tend to put a higher percentage of my discretionary income into my emergency funds and then use a lesser percentage for my bitcoin accumulation because I believe that bitcoin investment is a gradual process since I’m not in for a short quick profit, it doesn’t matter how little I buy but what matters most is my consistency in those my little buy and holding for the long term goal knowing fully well that my emergency funds is there to always shield my investments so I won’t sell when is not of my own choosing even if I’m in some sort of a profit.

well I don't really buy this your idea of prioritizing your emergency funds over your Bitcoin investment, because with this approach it means that you're prioritizing your emergency funds over your Bitcoin investment when you should be putting more into your Bitcoin at the same time building your emergency funds gradually until you get to an extent where you might not feel delayed even though you prioritize building your emergency funds. but that doesn't mean that you won't continue the ongoingly buying of Bitcoin.

[cxtreenal]

That is true, but what I want to emphasize here is not as if this is a risk-free investment and everything is guaranteed because even though we are in bitcoin but we still have to realize from the start that whatever the investment everything has a risk, especially bitcoin which is quite volatile.
But some that I can see even some who discuss in this thread they seem to forget and see bitcoin as risk-free but the fact is not like that.

I know and even now I still feel the benefits are clearly obtained especially when looking at past history and what I have done in recent years of course I have benefited temporarily until now but that does not mean we have to believe that this is risk-free because being in bitcoin will not be like that at any time.

Risk and volatility are not the same thing.

I do like to say that one of the most inevitable things about bitcoin is its volatility, so if we know that volatility is inevitable, then doesn't a known factor become less of a risk?

I think equating volatility to risk is a sloppy way of talking about risk.

This is not meant to make it seem as if volatility and risk are the same thing but in this case I want to show that the timeframe is also important because the longer we are in bitcoin, the less risk we will face because the volatility in bitcoin is very large and when we are here for only daily, weekly, or even monthly as traders do, the greater the risk we will face.

On the other hand, it is important for us to realize that when in bitcoin it is clear that it is not a guarantee tool (as we have agreed in the discussion before this) because it depends on us alone who ensure in ways and steps that have been arranged with the plans we have including money management which of course must be considered as well.

By the way if we already know that bitcoin's price is very volatile, then there should be ways that we can deal with that, which would include creating a budget that accounts for such volatility (so then whether we invest $40 per week, $100 per week or some other amount, then the amount that we choose may well relate to our thoughts about bitcoin's volatility), right?

I agree with you on this because sometimes some of us are too focused on investing but don't take the budget into account. Because the ideal investment scheme is definitely supported by a clear budget but some actually miss this.

No good investors throw all his eggs into one basket however there are various approaches or strategies to accumulating Bitcoin which may not necessarily demand an investor to invest all his income into Bitcoin so as to avoid regrets and selling your Bitcoin during bearish season then experience loses hence DCA may enable an investor to keep accumulating Bitcoin as it value depreciates, more and more.

True talk. No sensible investor will go all in on one thing, especially with money they might need later… That kind of pressure is what makes people sell at the worst time..  DCA helps remove that stress because you are buying gradually with what you can afford..
When price drops, it will not nw feel like disaster, it will just feel like another chance to add again.. Because the long run being consistency is always better that emotional buying.

It is most important to focus only on Bitcoin while investing. You need to stop being greedy in the hope of high profits. @Father111 argues for applying different investment strategies. And using multiple baskets. Don't complicate your investments. Only make long term plans for Bitcoin. Don't gamble with your funds in the hope of high returns.

Since you have a source of income as well as discretionary income, you should focus more on investing only in Bitcoin for the long term. Staying consistent in Bitcoin accumulation will keep you free from investment stress.

DCA the best strategy for Bitcoin. Maintain a backup fund to keep the investment going for the long term and continuously. Keep cash funds available for lump sum Bitcoin buy in case of price declines. Lump sum Bitcoin buying are just a strategy to add additional Bitcoin during the DCA.

[sotelorene]

Yes sure!!, that’s how I do it now, although when I started investing I wasn’t preparing for any emergency funds, I was only just buying as much as I can afford, before I got on the forum and then I learnt how good it is to prepare an emergency funds for my bitcoin investment and not only that I also learnt I can prepare my emergency funds along side while I’m accumulating bitcoin.

You need to build up your emergency fund anytime you can, even you did not reserve your money for it in the past, you can start doing it since today. It's never too late to reserve money for your emergency fund as if you did not need it in the past, it means you were lucky enough but accidents might come in the future.

Fortunately, you already realized importance of an emergency fund and your Bitcoin investment portfolio has been built a long time, so from now you won't have to seriously invest in Bitcoin with income. Let's split part of your income for emergency fund as it is very vital for your life and helpful for your investment result as well.

With good emergency fund, you have very small or almost no risk of selling your bitcoin for money used for urgent needs. This reduces if not eliminates risk of selling with loss price and that means you have good plan and financial preparation through emergency fund for avoiding controllable loss.

If someone is brand new to bitcoin, he may well assess his cash situation, his income and his expenses, and then figure out how much he has to invest into bitcoin.

If a guy had been investing into bitcoin for a while and then realizes that he has little to no back up funds, then he needs to assess how urgent it might be to fix his current situation so that he is not putting his bitcoin at risk.... If he has no back up funds and his bitcoin is the only thing that he has besides his regular income, then he is likely engaging in too much risk, and if any thing happens where he does not have enough money to cover the situation, then that will be his own fault for maintaining such a set up and likely using money that he needs for his expenses to invest into bitcoin.

If guys don't make sure that they are adequately protected with back up funds, then they ONLY have themselves to blame if they end up tapping into their bitcoin at a time that is not of their choosing... and yeah, some guys tap into their bitcoin way too soon and they feel o.k. to tap into them if they happen to be in profits, yet it may well not be a good idea, even though they are in profits, since anyone serious about building up a bitcoin investment for 4-10 years or longer in a way that really empowers them, then they would be and should be figuring out ways to avoid tapping into their bitcoin before it has reached decently large sizes in which perhaps they are close to being able to start to sustainably withdraw from it.

By the way, if a person is investing into bitcoin for more than 10 years, it may well be the case that his bitcoin is worth several times more than the amount that he had put into it, yet at the same time, we cannot really know in advance what the assessment of the bitcoin value is going to be when it comes to 10 years or more down the road of building up the stack size and perhaps maintaining it for several years before entering into a phase in which they are authorizing themselves to start to sell some bitcoin, whether price based sustainable withdrawal or time based sustainable withdrawal.. ..

Very true, and that’s why I started out lately to not be using all my discretionary income to accumulate and invest in bitcoin, even though I still make sure I sorted out my primary basic needs. As a matter of fact I tend to put a higher percentage of my discretionary income into my emergency funds and then use a lesser percentage for my bitcoin accumulation because I believe that bitcoin investment is a gradual process since I’m not in for a short quick profit, it doesn’t matter how little I buy but what matters most is my consistency in those my little buy and holding for the long term goal knowing fully well that my emergency funds is there to always shield my investments so I won’t sell when is not of my own choosing even if I’m in some sort of a profit.

I think you are actually doing the right thing at the wrong time, keeping a higher percentage of your discretionary for emergency is doing the right thing at the wrong time because you are suppose to allocate at least 70 percent of your discretionary income for Bitcoin accumulation and then keep the rest for emergency. Growing our portfolio is the most important thing to do as an investor and I don't disagree with you about being consistent and of course that is the key to a successful investment but your initial plan or idea doesn't count for me.

[KeenanEl19]

Well, I understand what you mean, and is that how you do it yourself by investing in bitcoin? So you prepare your emergency fund alongside your investments.

I had previously made an investment, but it didn't go well because I didn't prepare an emergency fund. Although I thought I could take out a loan to deal with urgent situations, I didn't do it because I didn't want to get involved in borrowing or lending money, even to people I know. So, I sold the Bitcoin investment I had made.

This is actually an interesting situation to be in, I wonder what if you never invested in bitcoin but still spent your discretionary income on other not so relevant things, how would you have handled the urgent situations that came up for you to deal with because the idea is always that if you don't have an emergency fund ready you might end up having to sell your bitcoin but if you didn't have bitcoin available to you then get yourself out of that bind? This concept just came to my mind and it has really got me wondering.

Even though I don't have any Bitcoin investments and I do encounter problems, such as urgent situations, that can be handled with an emergency fund. In my opinion, whether you have Bitcoin investments or not, you still need an emergency fund. That's what you should pay attention to in life. Moreover, if you want to invest, you must really consider other factors, such as an emergency fund.

And with Bitcoin's current price decline, I personally don't think it's wrong to start investing again, but you should really pay attention to other things, such as an emergency fund. There are lessons I've learned from my previous experiences, and I will evaluate and improve them.

No mate, you must not prepare an emergency funds before you can get started with bitcoin accumulation and investment, once you’re able to figure out a discretionary income to use and invest in bitcoin it is advisable you get started immediately with your bitcoin accumulation and along the line you can be preparing some funds for your emergency funds as you’re already ongoing accumulating bitcoin. Emergency funds requires you to have at least 3-4 months of your expenses which is something you can not just be able to build in a day or months, and besides that keeping an emergency funds aside for bitcoin investment whereas you don’t have any bitcoin stash or portfolio to protect doesn’t make real sense, so the most important thing to do first is to be able to get started with your bitcoin accumulation immediately your discretionary income is ready and as time goes on while you’re investment is ongoing, you can be building your emergency funds along side while accumulating and investing in bitcoin. You must not wait to build your emergency funds first before getting started with your bitcoin accumulation and holding for the long term goal.

Well, I understand what you mean, and is that how you do it yourself by investing in bitcoin? So you prepare your emergency fund alongside your investments.

I had previously made an investment, but it didn't go well because I didn't prepare an emergency fund. Although I thought I could take out a loan to deal with urgent situations, I didn't do it because I didn't want to get involved in borrowing or lending money, even to people I know. So, I sold the Bitcoin investment I had made.

I know I likely already responded to your situation, which is that you likely need to figure out some reasonable amount to invest in bitcoin so that you are not depleting any back up funds that you have, and if you are getting into situations where you need to take out loans, then you are not sufficiently living within your means and you are likely not generating enough discretionary income to be investing into bitcoin.  You should be trying to work up to higher level of investments in bitcoin, so you might well need to start out with smaller amounts so that you never have to sell your bitcoin, and of course, you can build up both your emergency funds and your bitcoin at the same time, yet it sounds as if you already have problems managing your money so you need to figure out ways to not over do things so that you don't put yourself into similar situations in the future so that you dont' have to end up selling any of your bitcoin for 10 years or longer. ..and surely some people might need to take close to 20 years before they might have had been able to build up a large enough bitcoin stash.

It seems I really need to pay attention to the funds I allocate to Bitcoin. Previously, I was a bit overzealous, allocating more to Bitcoin than to my emergency fund.

In the future, I'll try reversing this, allocating less to Bitcoin than to my needs and emergency fund. This has been a valuable lesson for me, and thank you for the advice. Hopefully, I can improve in the future and avoid making the same mistake again.

[Female King]

There are basically three strategies to buy Bitcoin as investors and they are DCA, lump sum and buy the dip, you can choose any of them that you're comfortable with and if you have a sizable discretionary funds you can do more than one strategy. Most of us agree that DCA is the best strategy because it doesn't put your under any pressure like waiting for a perfect opportunity to buy dip or gathering enough funds to buy lump sum.

The center point about Bitcoin investment is money so improving your potentials to earn more money is very important, that is what will truly sustain your Bitcoin accumulation for many years. If you know financial management but you don't have money to put it in practice you won't succeed as a Bitcoin investor.

Among the three strategies mentioned an investor who just started accumulating bitcoin or who has not arrived at his accumulation stage should avoid the BUY THE DIP STRATEGY this is not for new investors but for those that has arrived at their accumulation stage because they have already stack portfolio with enough bitcoin. A new bitcoin investor should accumulate using the DCA strategy so that he won't wait for the dip before he can accumulate bitcoin because a new investor is supposed to be accumulating on a regular basis every weeks or every months and hodl for long period of time.

Buying the dip is more suitable for institutional investors such as companies and governments because they have long-term investment strategies, substantial resources, high risk tolerance, and full confidence in Bitcoin long-term growth. Their financial capabilities allow them to buy Bitcoin at a lower price when the price drops and increase the potential for long-term profits.

Buying when the price drops can also be applied by beginners, but they must understand that Bitcoin prices are very volatile. To implement this strategy, you also need a clear strategy and not be easily trapped by emotions when the value of assets slowly begins to decline. You also need to start investing with a small amount that does not exceed your financial capabilities. In that case, DCA remains the best strategy for beginners because it allows investing the same amount regularly regardless of the price, this strategy can also help reduce risk and make investments more stable.

The dip should come as a advantage to buy more bitcoin a beginner who is buying the dip we be left with low bitcoin, institutional investor are supposed to buying using the lump sum because they have the money and then buy more when the dip arrived, the DCA strategy should be more suitable for beginners because they will not wait again for the dip before they can accumulate as they can buy regardless of the price of bitcoin.

[The Founding Titan]

There are basically three strategies to buy Bitcoin as investors and they are DCA, lump sum and buy the dip, you can choose any of them that you're comfortable with and if you have a sizable discretionary funds you can do more than one strategy. Most of us agree that DCA is the best strategy because it doesn't put your under any pressure like waiting for a perfect opportunity to buy dip or gathering enough funds to buy lump sum.

The center point about Bitcoin investment is money so improving your potentials to earn more money is very important, that is what will truly sustain your Bitcoin accumulation for many years. If you know financial management but you don't have money to put it in practice you won't succeed as a Bitcoin investor.

Among the three strategies mentioned an investor who just started accumulating bitcoin or who has not arrived at his accumulation stage should avoid the BUY THE DIP STRATEGY this is not for new investors but for those that has arrived at their accumulation stage because they have already stack portfolio with enough bitcoin. A new bitcoin investor should accumulate using the DCA strategy so that he won't wait for the dip before he can accumulate bitcoin because a new investor is supposed to be accumulating on a regular basis every weeks or every months and hodl for long period of time.

Buying the dip is more suitable for institutional investors such as companies and governments because they have long-term investment strategies, substantial resources, high risk tolerance, and full confidence in Bitcoin long-term growth. Their financial capabilities allow them to buy Bitcoin at a lower price when the price drops and increase the potential for long-term profits.

Buying when the price drops can also be applied by beginners, but they must understand that Bitcoin prices are very volatile. To implement this strategy, you also need a clear strategy and not be easily trapped by emotions when the value of assets slowly begins to decline. You also need to start investing with a small amount that does not exceed your financial capabilities. In that case, DCA remains the best strategy for beginners because it allows investing the same amount regularly regardless of the price, this strategy can also help reduce risk and make investments more stable.

The dip should come as a advantage to buy more bitcoin a beginner who is buying the dip we be left with low bitcoin, institutional investor are supposed to buying using the lump sum because they have the money and then buy more when the dip arrived, the DCA strategy should be more suitable for beginners because they will not wait again for the dip before they can accumulate as they can buy regardless of the price of bitcoin.

The thing about bitcoin experiencing a DIP is that whether a person is buying the DIP or investing with the DCA they will ultimately be buying at a lower price but while buying the DIP means taking advantage of that buying opportunity, the DCA doesn't care about taking advantage of that particular price DIP, the deal is just to accumulate bitcoin consistently over a long period of time and that's why it's the best investment strategy especially for newbies in bitcoin investment who are newly trying to build their portfolio.

[elman007]

The thing about bitcoin experiencing a DIP is that whether a person is buying the DIP or investing with the DCA they will ultimately be buying at a lower price but while buying the DIP means taking advantage of that buying opportunity, the DCA doesn't care about taking advantage of that particular price DIP, the deal is just to accumulate bitcoin consistently over a long period of time and that's why it's the best investment strategy especially for newbies in bitcoin investment who are newly trying to build their portfolio.

Dips are a good way to buy at a low price, but it is not right to wait for dips, because you do not know when the dip will happen or whether the dip will come or not, so it is not right to wait for the dip. It is better to continue investing regularly in small amounts through dca. The rules of dca are simple, with the help of which there is no trick. If you buy in dca, even if you buy a small amount, hedging is done. The most difficult thing is to survive in investment, which not everyone can do. Only a person who is adamant can survive in investment for one and a half years. By investing regularly, the dip will also become a thing at some point.

[Furious 7]

This depends on the seriousness and interest of the person because even though there are those who have been in several years even longer when they are not serious and not interested in bitcoin in the end it will be the same but indeed when they feel the impact especially feel this will be profitable for the future they will be very stupid if they just miss bitcoin.

If indeed they are quite sure of what they are doing then actually 2 cycles or even more than that (because I am sure that in this part of the world there must be those who still hold bitcoin from the initial period) then indeed they have realized that the positive impact they feel is really happening with bitcoin.

It still can take more than a whole cycle to really start to feel that the bitcoin investment is solidly paying off, and even after there is a perception of profits, guys still have to be careful to either not sell too much too soon or to not stop in their ongoing bitcoin accumulation.  Many folks make those two mistakes, which largely means that they are never able to reach overaccumulation status.  To me, it seems that the bigger and more meaningful options start to come into play once a guy reaches overaccumulation status, and if guys are either cashing out too soon or they are failing to stack sufficiently, then they end up missing out on what they could have had.

Indirectly this means referring to our readiness whether we are able to survive in that period or not and this condition that must be the focus is how our mental readiness and how we still manage emotions because sometimes when we see a few percent profit our greedy soul to take advantage quickly always happens and it happens for most especially those fomo who always say that what he does is the truth by taking quick profits.

I don't really understand the meaning of excess accumulation here? Is it about how we continue to accumulate directly and turn aggressive or is it just a figure of speech where we don't really care about the price conditions and don't sell (just hodl) and continue to accumulate?