Buy the DIP, and HODL!

[Abelly]

Actually, you're not that new to this forum, as you joined in September 2023, meaning you've been here for over two years. Regarding emergency funds, I believe they are essential for every investor who wants to continue investing in Bitcoin. They ensure their investments remain stable and unaffected by life's challenges, which can sometimes arise unexpectedly. Furthermore, every investor must be able to ensure a regular income level so that they can face any difficulties in life without undue obstacles. Therefore, every investor who wants to manage their own investments should consider not only their emergency fund but also how to maintain a regular income to strengthen their capital in the long term.

Actually I opened my bitcointalk account two yerars erlier than today but I have been absent for a long time and that is why I said that I am new to this forum. I could not present my words in a right way, that is why so many questions came against my words. I wanted to say that an emergency fund will help us to invest in Bitcoin smoothly. We have to manage discretionary income to invest for a long time. And thanks for your polite reply.

Your explanation is reasonable. Many users, even after opening an account, cannot be active on the forum for a long time for various reasons. So it is normal to feel like a new person when you start again later. It is really important to have an emergency fund. Because the market is often unstable and if you invest based on daily expenses, then during a sudden price drop, people are forced to sell at a loss. So, first keeping some savings for emergency expenses and then gradually investing from excess or discretionary income is much safer in the long run. This way, the investor does not get unnecessary pressure from market fluctuations and it is easier to hold for a long time.

[B-BossMan]

There is nothing wrong with newbies jumping into bitcoin without knowing anything beyond being able to calculate that they have discretionary funds and recognizing that they need to exercise common sense in terms of starting out slow in terms of starting to invest with money that they can afford to lose.. and then figuring out that as they are investing in bitcoin, they are likely going to need to continue to learn about bitcoin if they are going to continue to buy bitcoin, such as weekly or on some other periodic basis.

I agree with you, there some certain things we need to be thinking of that aren't necessarily needed by newbies before they begin the journey, when it comes to Bitcoin  journey, even if the newbies come into Bitcoin without having a deep knowledge on how things or bitcoin works, it's fine, there wouldn't be cause for alrm, once the a newbie begins the procedures with cares or cautions everything would be okay overtime. The most paramount thing is that, the newbies should cut his/herself according to thier power, in essence, invest what you can afford to lose, and as time goes on they will be learning alots from thier experiences gradually, by using  a very interesting strategies or methods (DCA)to buy small-small so that they can be able to understand the market movements. However as a newbie, never have it in mind to come and make a quick money just like that, because Bitcoin is not like other cryptocurrency, bitcoin is exceptional among them and the long-term investment pays alots over time, it just requires patience and resilience over time. Moreover, at times even if you started something you don't have knowledge about, once you are struggling studying it for a while, you will get to understand things yourself. That's how Bitcoin investment strategies works. By using DCA method.

DCA allows a newbie to invest into bitcoin without preoccupying themselves with the BTC price and whether the price is going up, down, or sideways, so they don't need to consider that the first thing they need to  study is the BTC price, but instead, the first thing that they likely should be studying is their own abilities to ongoingly manage their cashflows, to bring in income and to keep their expenses less than their income so that they have left over money that they are able invest into bitcoin manage, so in the end they can determine how much they are going to continue to put into bitcoin each week (or whatever is their investment increments).

Good👍, your points on Bitcoin and DCA method has help many beginners when it comes to investment without them going through any any kind of stress on price movements. But there is also an important mistake many newbies make, a common and often silly mistake on newbies is misunderstanding the main ideas of consistent investing and instead of putting all thier life earnings or savings into Bitcoin investment at once without any plans for backup or reserve some money for any calls of emergency. The Dollar cost Average isn't just a common strategy, but it's also serve as the most discipline Bitcoin investment on gradual approach for newly investors,some newbies tends to let go or ignore the risk management, while treating bitcoin or seems bitcoin as an opportunity on bypassing to wealthy. And that's not a good way to approach the bitcoin, because of its higher volatility in nature  price can fluctuate at any time, any moment significantly, so without proper financial planning, like emergency funds, back up plans and expenses control, one must go through the financial difficulties.

However, some of these mistakes were/aren't only limited to newbies alone. Even some of the experienced members, tends to temper with these mistakes too, as a result of overconfident whike investing what more they can afford to lose. Moreover, the most essential lessons is that, successful investment actually requires financial disciplines and long-term patience. If newbies actually focus on managing cash flow and be able to invest what they can afford to lose, despite the Bitcoin investment risks is worth taking. It will be helpful for them.

[Jaksonhard]

Sure of course bitcoin is a long term investment, and my hypothetical already mentioned that the guy had already been investing $100 per week into bitcoin, and surely, there can be other variations of the hypothetical in which a guy gets $1k, and he had not already started investing in bitcoin.  His initial idea might not be to put the $1k into bitcoin, unless he had already established a practice of regularly investing in bitcoin.  Otherwise, if he does not have such a practice of investing in bitcoin or into anything else, then his initial idea upon receiving the extra $1k may well might be to figure out what he can consume with it.  Sure, he might keep some of it or all of it in dollars until he can figure out what he is going to buy with it, yet unless he already had developed a practice of investing into bitcoin, he is not necessarily going to suddenly come to the conclusion that the $1k should be invested into bitcoin.

The way that an individual feels about investing into bitcoin will often be determined by how they typically invest. Someone who is used to consistently making regular investments, say $100.00 each week into Bitcoin, would likely have a built-in expectation that when they receive a bonus or unexpected amount of money, that it would also go toward the same type of investment they have been doing. However, for someone who does not have any prior' habit of investing' it is likely that when they receive an unexpected or extra $1,000.00 they may immediately think about spending it on something that they desire(like a new pair of shoes, etc.). This is part of human nature. Once an investor develops a habit of making investments regularly, it generally becomes easier to continue to invest. Many people will typically not find themselves investing because they have not created that type of habit in the first place (even if they see an opportunity to do so). However, it is possible for the person to eventually change those habits.

[leo96]

Investing in Bitcoin may seem easy, but investing in it is not easy for everyone. I think it is better to have a reserve fund if we want to invest in Bitcoin. If we invest in Bitcoin, we have to prepare in advance, how to invest so that we do not face any temporary problems or problems in the future. And for that, we have to have a reserve fund.

Otherwise, we can invest in Bitcoin through DCA. DCA is a means of investing in Bitcoin continuously. For example, a person invests a small amount of money in BTC by maintaining the continuity of weekly or monthly investment from his income.

[Showlove01]

Sure of course bitcoin is a long term investment, and my hypothetical already mentioned that the guy had already been investing $100 per week into bitcoin, and surely, there can be other variations of the hypothetical in which a guy gets $1k, and he had not already started investing in bitcoin.  His initial idea might not be to put the $1k into bitcoin, unless he had already established a practice of regularly investing in bitcoin.  Otherwise, if he does not have such a practice of investing in bitcoin or into anything else, then his initial idea upon receiving the extra $1k may well might be to figure out what he can consume with it.  Sure, he might keep some of it or all of it in dollars until he can figure out what he is going to buy with it, yet unless he already had developed a practice of investing into bitcoin, he is not necessarily going to suddenly come to the conclusion that the $1k should be invested into bitcoin.

The way that an individual feels about investing into bitcoin will often be determined by how they typically invest. Someone who is used to consistently making regular investments, say $100.00 each week into Bitcoin, would likely have a built-in expectation that when they receive a bonus or unexpected amount of money, that it would also go toward the same type of investment they have been doing. However, for someone who does not have any prior' habit of investing' it is likely that when they receive an unexpected or extra $1,000.00 they may immediately think about spending it on something that they desire(like a new pair of shoes, etc.). This is part of human nature. Once an investor develops a habit of making investments regularly, it generally becomes easier to continue to invest. Many people will typically not find themselves investing because they have not created that type of habit in the first place (even if they see an opportunity to do so). However, it is possible for the person to eventually change those habits.

I totally get your point dude but sometimes it is not just about creating the habit of Investing in Bitcoin but also doing the right thing I mean investing rightly and making decisions wisely. You talked about extra funds, if extra funds or money should come someone's way, the fact that the person is a Bitcoin investor doesn't give the room to use all the extra funds to invest in Bitcoin perhaps the right thing to do is split the money and keep some for reserve if there is no expense at the moment or if they have a desire to get something of course they are free and then use some to invest and I believe doing this won't make someone not to be a good investor.

[Tongley]

Investing in Bitcoin may seem easy, but investing in it is not easy for everyone. I think it is better to have a reserve fund if we want to invest in Bitcoin. If we invest in Bitcoin, we have to prepare in advance, how to invest so that we do not face any temporary problems or problems in the future. And for that, we have to have a reserve fund.

Otherwise, we can invest in Bitcoin through DCA. DCA is a means of investing in Bitcoin continuously. For example, a person invests a small amount of money in BTC by maintaining the continuity of weekly or monthly investment from his income.

We never need to create a reserve fund in advance to start investing and it will not be the right decision. We can create both investments and funds in parallel. If we wait to invest to create funds, we will lag behind in some aspects. There is a possibility of getting out of the human nature of investing, missing out on buying opportunities, falling behind in the goal of building a portfolio, etc. But if we create both investments and funds at the same time, we will not have to lag behind in this aspect.

Suppose you have a discretionary income of $ 100. If you can invest $ 50 from this place in Bitcoin and keep $ 30 for creating an emergency fund and keep the remaining $ 20 for additional expenses. If you invest, and, create an emergency fund in this way, it will be good for you.

To protect our holdings from all financial disasters, it is necessary to create an emergency fund first. An emergency fund is our first layer of security. The amount of money that will be needed to meet expenses in the future or in the near future is taken from the reserve fund. The reserve fund is the second layer of security. Therefore, our main priority should be the emergency fund.

[SPIDERMAN008]

Your explanation is reasonable. Many users, even after opening an account, cannot be active on the forum for a long time for various reasons. So it is normal to feel like a new person when you start again later. It is really important to have an emergency fund. Because the market is often unstable and if you invest based on daily expenses, then during a sudden price drop, people are forced to sell at a loss. So, first keeping some savings for emergency expenses and then gradually investing from excess or discretionary income is much safer in the long run. This way, the investor does not get unnecessary pressure from market fluctuations and it is easier to hold for a long time.

You should be more careful before giving advice to someone who is new. Otherwise newbies will misunderstand. You say to start with savings first and then invest slowly, it seems that we cannot start without an emergency fund. The reality is that it is not possible for many to start by creating a large emergency fund first. Still, they can start with small amounts.  They should not buy BTC with their daily expenses and do not gamble with zero backup. If they have discretionary income, then they should do DCA in Bitcoin along with building a backup fund. This will not waste time and opportunity. And even if you start with a small amount, there is no problem, you will be able to learn from real experience.

Investing in Bitcoin may seem easy, but investing in it is not easy for everyone. I think it is better to have a reserve fund if we want to invest in Bitcoin. If we invest in Bitcoin, we have to prepare in advance, how to invest so that we do not face any temporary problems or problems in the future. And for that, we have to have a reserve fund.

Otherwise, we can invest in Bitcoin through DCA. DCA is a means of investing in Bitcoin continuously. For example, a person invests a small amount of money in BTC by maintaining the continuity of weekly or monthly investment from his income.

You first talked about creating a back-up fund. Then, you said one cannot create a back-up fund he investing in the DCA method. There is a problem in your entire speech.

The main thing is that you have to invest with discretionary income.
Investing according to the DCA method creates a habit, you can invest regularly with small amounts, and then the mental and financial pressure is reduced.

It is necessary to have a back-up fund to solve problems in the future at an emergency. But it is not necessary to create a full back-up fund before investing. A back-up fund can be formed along with investing in Bitcoin. This is the best way.

[Proty]

Sure of course bitcoin is a long term investment, and my hypothetical already mentioned that the guy had already been investing $100 per week into bitcoin, and surely, there can be other variations of the hypothetical in which a guy gets $1k, and he had not already started investing in bitcoin.  His initial idea might not be to put the $1k into bitcoin, unless he had already established a practice of regularly investing in bitcoin.  Otherwise, if he does not have such a practice of investing in bitcoin or into anything else, then his initial idea upon receiving the extra $1k may well might be to figure out what he can consume with it.  Sure, he might keep some of it or all of it in dollars until he can figure out what he is going to buy with it, yet unless he already had developed a practice of investing into bitcoin, he is not necessarily going to suddenly come to the conclusion that the $1k should be invested into bitcoin.

The way that an individual feels about investing into bitcoin will often be determined by how they typically invest. Someone who is used to consistently making regular investments, say $100.00 each week into Bitcoin, would likely have a built-in expectation that when they receive a bonus or unexpected amount of money, that it would also go toward the same type of investment they have been doing. However, for someone who does not have any prior' habit of investing' it is likely that when they receive an unexpected or extra $1,000.00 they may immediately think about spending it on something that they desire(like a new pair of shoes, etc.). This is part of human nature. Once an investor develops a habit of making investments regularly, it generally becomes easier to continue to invest. Many people will typically not find themselves investing because they have not created that type of habit in the first place (even if they see an opportunity to do so). However, it is possible for the person to eventually change those habits.

yes investing consistently using DCA strategy can make an investor to make or form a habit that they would always want to invest in bitcoin whenever there is extra cash available to do so. Consistent buying make an investor not to be so much detached from there bitcoin investment and forming the habit of buying whenever there is discretionionary income to do so . This will make investors to always prioritise putting there Discretionary income into bitcoin instead of spending it unnecessarily.

[Sticky Bomb]

Actually, you're not that new to this forum, as you joined in September 2023, meaning you've been here for over two years. Regarding emergency funds, I believe they are essential for every investor who wants to continue investing in Bitcoin. They ensure their investments remain stable and unaffected by life's challenges, which can sometimes arise unexpectedly. Furthermore, every investor must be able to ensure a regular income level so that they can face any difficulties in life without undue obstacles. Therefore, every investor who wants to manage their own investments should consider not only their emergency fund but also how to maintain a regular income to strengthen their capital in the long term.

Actually I opened my bitcointalk account two yerars erlier than today but I have been absent for a long time and that is why I said that I am new to this forum. I could not present my words in a right way, that is why so many questions came against my words. I wanted to say that an emergency fund will help us to invest in Bitcoin smoothly. We have to manage discretionary income to invest for a long time. And thanks for your polite reply.

Your explanation is reasonable. Many users, even after opening an account, cannot be active on the forum for a long time for various reasons. So it is normal to feel like a new person when you start again later. It is really important to have an emergency fund. Because the market is often unstable and if you invest based on daily expenses, then during a sudden price drop, people are forced to sell at a loss. So, first keeping some savings for emergency expenses and then gradually investing from excess or discretionary income is much safer in the long run. This way, the investor does not get unnecessary pressure from market fluctuations and it is easier to hold for a long time.

It is not a must to have or build some emergency fund before getting into bitcoin, If an investor is sure of having discretionary income, then he should go ahead and buy his first bitcoin to get started. it is very important to get started first, then you can progressively share out your discretionary income between your regular buying and your building out backup funds alongside your continuous accumulation of bitcoin.

It is not good wasting a lot of time prevaricating on starting out your accumulation journey, delays are motivation killers, if the investor has the funds, they can start right away, waiting to build out emergency funds to some extent before starting out is another lame excuse to delay your investment journey and it shouldn't be entertained.

[Cyber_warrior]

yes investing consistently using DCA strategy can make an investor to make or form a habit that they would always want to invest in bitcoin whenever there is extra cash available to do so. Consistent buying make an investor not to be so much detached from there bitcoin investment and forming the habit of buying whenever there is discretionionary income to do so . This will make investors to always prioritise putting there Discretionary income into bitcoin instead of spending it unnecessarily.

Whenever there's an extra cash? You are making it seem like you have no plans to create and build discretionary fund and you are just lying there waiting for when you will have less expenses so you can invest. You don't have to wait till there's one you have work towards it by managing your expenses properly so can have extra cash for your investment.

Investing in Bitcoin may seem easy, but investing in it is not easy for everyone. I think it is better to have a reserve fund if we want to invest in Bitcoin. If we invest in Bitcoin, we have to prepare in advance, how to invest so that we do not face any temporary problems or problems in the future. And for that, we have to have a reserve fund.

Preparing in advance means a time waste and there's not time to waste to invest in Bitcoin. The more time you waste the more you miss out on investing early. Its important to have plans set for your investment like setting up emergency funds but you don't have to wait till you build your emergency funds before you start investing you will just be wasting time you can just start investing right away once you have discretionary income and build your emergency fund along with your investment simultaneously.

[Itz-prisigold]

Investing in Bitcoin may seem easy, but investing in it is not easy for everyone. I think it is better to have a reserve fund if we want to invest in Bitcoin. If we invest in Bitcoin, we have to prepare in advance, how to invest so that we do not face any temporary problems or problems in the future. And for that, we have to have a reserve fund.

Otherwise, we can invest in Bitcoin through DCA. DCA is a means of investing in Bitcoin continuously. For example, a person invests a small amount of money in BTC by maintaining the continuity of weekly or monthly investment from his income.

I think investing in Bitcoin is actually really possible for anyone if they approach it with the right strategy,  the key point is understanding what discretionary income truly mean. You don't need to have a huge amount of money as reserve funds.  The important thing is that you only invest money that you have left over after you cover all of your necessary expenses, which is your discretionary income.

The point am making is that,  when you consistently invest a portion of your discretionary income,  no matter how small the amount, you can still avoid financial stress because you are not touching money needed for your everyday survival.  That way, investing becomes very easy for you, because you don't need to touch a reserve fund to invest in Bitcoin.

Instead of saying that investing in Bitcoin is ‘not easy for everyone,’  I will say,  it's very easy to manage for anyone who knows how to identify and use their discretionary income wisely. With this mindset,  you can invest regularly, have no pressure from short term changes in the market,  and still cover all your life responsibilities.

[DubemIfedigbo001]

Sure of course bitcoin is a long term investment, and my hypothetical already mentioned that the guy had already been investing $100 per week into bitcoin, and surely, there can be other variations of the hypothetical in which a guy gets $1k, and he had not already started investing in bitcoin.  His initial idea might not be to put the $1k into bitcoin, unless he had already established a practice of regularly investing in bitcoin.  Otherwise, if he does not have such a practice of investing in bitcoin or into anything else, then his initial idea upon receiving the extra $1k may well might be to figure out what he can consume with it.  Sure, he might keep some of it or all of it in dollars until he can figure out what he is going to buy with it, yet unless he already had developed a practice of investing into bitcoin, he is not necessarily going to suddenly come to the conclusion that the $1k should be invested into bitcoin.

The way that an individual feels about investing into bitcoin will often be determined by how they typically invest. Someone who is used to consistently making regular investments, say $100.00 each week into Bitcoin, would likely have a built-in expectation that when they receive a bonus or unexpected amount of money, that it would also go toward the same type of investment they have been doing. However, for someone who does not have any prior' habit of investing' it is likely that when they receive an unexpected or extra $1,000.00 they may immediately think about spending it on something that they desire(like a new pair of shoes, etc.). This is part of human nature. Once an investor develops a habit of making investments regularly, it generally becomes easier to continue to invest. Many people will typically not find themselves investing because they have not created that type of habit in the first place (even if they see an opportunity to do so). However, it is possible for the person to eventually change those habits.

It is also attributed to the mentality of the investor, if he is a type that values the future more than present frivolities, he would think about his investments first before pleasure. This is also a thing with proper cashflow management ability. A person who manages his cash flow better would be making a better decision when he has a bigger discretionary income available and may considered increasing his aggressiveness with some part of the money. This is why are lot of emphasis is made on being able to manage your cashflow better so as to make better financial decisions always.

Citing your example of an extra unexpected $1000, it would not be bad if he divides the money into 2 and uses the first part for his bitcoin accumulation, then divides the other $500 into 2 again and use $250 for his discretionary spending's while putting back the other $250 into building his backup funds.

[Emjay24]

Investing in Bitcoin may seem easy, but investing in it is not easy for everyone. I think it is better to have a reserve fund if we want to invest in Bitcoin. If we invest in Bitcoin, we have to prepare in advance, how to invest so that we do not face any temporary problems or problems in the future. And for that, we have to have a reserve fund.

It is not necessarily a must to have a reserve fund or an emergency fund built out for you to get started with bitcoin, the only preparation you need is a basic knowledge on bitcoin and ensuring you've discretionary income to kick-start and follow up your investment journey, it is always better to get started and continue building out these backup funds while you accumulate bitcoin than having to prioritize building out your backup funds over actually investing into bitcoin right away.

[Tamaperdana]

Of course, investing is much safer than trading, and even the possibility of long-term profits will be higher in investing than trading. Those who decide to hold on for the long term have chosen the right path for the future. Trading is a very important subject, here people very often have to face unexpected losses, and if we make mistakes in research and strategy, we have to face losses, and we have to do market research all the time, in short, there is a lot of trouble and risk here. But there is nothing like that in the case of Bitcoin, here we just have to continue investing normally, there is no problem with that, we have to invest consistently and hold it for the long term, in this way we can get a lot of good from it, which can be much more than trading even if we calculate it in the long term.

I think this is clear, because trading isn't a path that just anyone can take, as it inherently carries significant risks. Therefore,, I feel that investing in Bitcoin is indeed a better option than trading. While it's true that investing in Bitcoin is better than trading, it's important to remember that Bitcoin doesn't guarantee 100% profit. Therefore, I believe that even though we all believe Bitcoin carries minimal risk, we must remain cautious and invest with the right knowledge.

After all, no matter how good an asset is, if someone doesn't understand what they're doing, I believe they still have the potential to lose. So, invest in Bitcoin wisely. If done correctly, I believe profits are guaranteed. Furthermore, when it comes to the benefits of trading and investing in Bitcoin, I believe it's undeniable that investing is significantly greater than trading. But here I'm not just talking about nominal value but also potential.

[SmartCharpa]

Another thing that is rarely mentioned is that many investors secretly expect quick validation after buying Bitcoin. Even if they say they are investing for 10 years, deep down they still hope the price will rise soon after they buy. When the opposite happens and the price dips hard, their confidence in their own decision starts to shake. This is why buying Bitcoin without fully understanding its cycles can be dangerous. Bitcoin has a history of large corrections even during long-term bull markets. Someone who is not prepared for that will constantly feel pressured to sell during dips and buy again when the price is higher. So beyond income level, DCA strategy, or investment timelines, there is another important factor which is expectation management.

Again you have to understand that you can't really understand Bitcoin by excluding yourself... You need to be involved in it to learn about it.. Sure they may be case where the drop in price may shake the level of confidence that folks tend to have in Bitcoin.. If such is the situation, folks could very well make adjustment by reducing their investments amounts to the amount they feel very comfortable with that why we have the strategy called DCA.....

That’s the real fact about Bitcoin, you need to involve yourself into  it to understand it better. If you don’t, it means you are only believing in people experience, but you never understand what it feels to be part of it. The more we maintain our investment pattern, the more we understand it better. Because you cannot tell people how Bitcoin is or how it works, if you never experience it before.

Right now, the market might seem a little  bit confusing that's in the view of those investors who have been waiting for the perfect entry or the best dip. I believe those investors that has been sleeping over their Bitcoin investment with the hope of waking up to see the price of Bitcoin falling below $50k- $45k instead of taking advantage of the very opportunity that is given to them will learn their lesson, if at all they will even learn. there's nothing good as taking advantage of the very single opportunity that is given to us without even giving it a second thought, with this method there's no opportunity that will pass us by.

Even if the price goes above $100k today, majority of those who believe in the future of bitcoin will see it as an opportunity to continue buying. Some people who are waiting for the price to go below $60k may not ready for what the future holds. Each time can be an opportunity to buy, but a lot of people will keep waiting whether the price will fall more before buying, and it does not work that way, if you think you can be smarter than the market.

[ChocolateBitcoinK]

Sure of course bitcoin is a long term investment, and my hypothetical already mentioned that the guy had already been investing $100 per week into bitcoin, and surely, there can be other variations of the hypothetical in which a guy gets $1k, and he had not already started investing in bitcoin.  His initial idea might not be to put the $1k into bitcoin, unless he had already established a practice of regularly investing in bitcoin.  Otherwise, if he does not have such a practice of investing in bitcoin or into anything else, then his initial idea upon receiving the extra $1k may well might be to figure out what he can consume with it.  Sure, he might keep some of it or all of it in dollars until he can figure out what he is going to buy with it, yet unless he already had developed a practice of investing into bitcoin, he is not necessarily going to suddenly come to the conclusion that the $1k should be invested into bitcoin.

The way that an individual feels about investing into bitcoin will often be determined by how they typically invest. Someone who is used to consistently making regular investments, say $100.00 each week into Bitcoin, would likely have a built-in expectation that when they receive a bonus or unexpected amount of money, that it would also go toward the same type of investment they have been doing. However, for someone who does not have any prior' habit of investing' it is likely that when they receive an unexpected or extra $1,000.00 they may immediately think about spending it on something that they desire(like a new pair of shoes, etc.). This is part of human nature. Once an investor develops a habit of making investments regularly, it generally becomes easier to continue to invest. Many people will typically not find themselves investing because they have not created that type of habit in the first place (even if they see an opportunity to do so). However, it is possible for the person to eventually change those habits.

yes investing consistently using DCA strategy can make an investor to make or form a habit that they would always want to invest in bitcoin whenever there is extra cash available to do so. Consistent buying make an investor not to be so much detached from there bitcoin investment and forming the habit of buying whenever there is discretionionary income to do so . This will make investors to always prioritise putting there Discretionary income into bitcoin instead of spending it unnecessarily.

The main advantage of DCA is that it helps an investor gradually build a financial foundation, not everyone has the ability to invest aggressively, and the financial situation and income of everyone are different and many are much less. But all things considered, even those with low income can invest a certain amount of money continuously through DCA if they want, due to which even if the amount invested is small, if they continue it continuously, it can become something big in the future. Those who invest through DCA strategy do not have to worry unnecessarily about market fluctuations and those who can maintain this consistent investment stability very well, they definitely have the possibility of getting something good over time.

[Promocodeudo]

DCA allows a newbie to invest into bitcoin without preoccupying themselves with the BTC price and whether the price is going up, down, or sideways, so they don't need to consider that the first thing they need to  study is the BTC price, but instead, the first thing that they likely should be studying is their own abilities to ongoingly manage their cashflows, to bring in income and to keep their expenses less than their income so that they have left over money that they are able invest into bitcoin manage, so in the end they can determine how much they are going to continue to put into bitcoin each week (or whatever is their investment increments).

Well said, you know what, to some newbies it has always been to wait until the price reaches the amount they have in mind before the can invest, my question is, do these newbies consider that that the price they are anxiously waiting for may not come and that may lead them to discontinue there plan to invest in Bitcoin, for them to save themselves that stress of monitoring the price which no one can actually say where it is heading to, I think it will benefit them more to start up with DCA method which will give them the privilege to buy Bitcoin every time the want with there discreationary income including the time they have in mind, DCA method of Bitcoin investment came into the picture to erase the mindset of market monitoring or potentials investors one-sided reasoning that they must have a huge amount of money or will I say they must be rich before they will invest in Bitcoin, I call DCA method, Bitcoin investment for all because it took away some certain things that would've been an obstacle for potential investors to invest in Bitcoin.

[PhilosopherKing]

DCA allows a newbie to invest into bitcoin without preoccupying themselves with the BTC price and whether the price is going up, down, or sideways, so they don't need to consider that the first thing they need to  study is the BTC price, but instead, the first thing that they likely should be studying is their own abilities to ongoingly manage their cashflows, to bring in income and to keep their expenses less than their income so that they have left over money that they are able invest into bitcoin manage, so in the end they can determine how much they are going to continue to put into bitcoin each week (or whatever is their investment increments).

my question is, do these newbies consider that that the price they are anxiously waiting for may not come and that may lead them to discontinue there plan to invest in Bitcoin, for them to save themselves that stress of monitoring the price which no one can actually say where it is heading to,

being new shouldn't be an excuse to be dumb. Investor can be new but they are also humans who have some common sense to logically deduct how how high of a risk it is to time bitcoin since it price moves very sharply.

And if they go ahead to discontinue their plan to ongoingly investments just because they are want to time the market then they are equally dumb as any other categories of investors that shit around with the same behavior.

What's the point of having common sense to reason when it not always used.

[MissNonFall9]

This is why a brand new investor should learn the basic knowledge of bitcoin which the volatile nature of bitcoin is part of it and that bitcoin is a long-term investment and for that reason, you should invest with the amount of money that you can afford to lose. When you turn deaf ears to this information that's when you will invest in the wrong way with the wrong mindset that will lead to you panicking and sell when there's a dip.

It's a norm for a new investor to have those emotional feelings and thoughts about bitcoin when they witness a drastic dip at first but not to the point that they will panic and sell out of fear because they have the knowledge. It's also important that as you are investing in bitcoin, you continue learning more about bitcoin to gain more experience by buying and reading in order to increase your confidence in bitcoin that will avoid you from doubting bitcoin potentials.

Those persons who have basic knowledge and those who knew the pulse of Bitcoin's price will not panic at all. And that is why every investor should know the history, price update and stick to Bitcoin. When new investors stick to it then they will know everything about Bitcoin gradually and little by little as far as I know. After gathering knowledge about Bitcoin then their fear, anxiety will disappear and they can take their own decision by their wit rather than emotion.

[barisbilgili]

This is why a brand new investor should learn the basic knowledge of bitcoin which the volatile nature of bitcoin is part of it and that bitcoin is a long-term investment and for that reason, you should invest with the amount of money that you can afford to lose. When you turn deaf ears to this information that's when you will invest in the wrong way with the wrong mindset that will lead to you panicking and sell when there's a dip.

It's a norm for a new investor to have those emotional feelings and thoughts about bitcoin when they witness a drastic dip at first but not to the point that they will panic and sell out of fear because they have the knowledge. It's also important that as you are investing in bitcoin, you continue learning more about bitcoin to gain more experience by buying and reading in order to increase your confidence in bitcoin that will avoid you from doubting bitcoin potentials.

Those persons who have basic knowledge and those who knew the pulse of Bitcoin's price will not panic at all. And that is why every investor should know the history, price update and stick to Bitcoin. When new investors stick to it then they will know everything about Bitcoin gradually and little by little as far as I know. After gathering knowledge about Bitcoin then their fear, anxiety will disappear and they can take their own decision by their wit rather than emotion.

That's true, but I won't overdo it because I once taught my sibling to invest in Bitcoin, and I saw that he only had strong confidence after seeing the price movements of Bitcoin over time. So that's the only thing that made his confidence strong, allowing him to calmly invest in Bitcoin because of that belief in the future, and if a price correction occurs, there is no panic at all. In fact, I see that he is also happy if a price correction happens so he can accumulate more.