JJG’s Outline of Bitcoin Investment Ideas

[JayJuanGee]

If you are regularly buying within your budget in a DCA kind of a way, then you can set the level of aggressiveness based on those regular buys, yet you are not necessarily going to have any extra money for buying the dips, unless you are holding back.. and so that is the trade off.. whether or not to hold any back, and if  so, how much to hold back... which may or may not be a good idea depending on what place a person might be in his bitcoin accumulation journey.

Most investors deliberately keep some funds aside for potential dip, which makes them only DCA with smaller amounts of money because they hope that at some point there will be a dip of which they can use all the money they set aside to buy aggressively.
To me there's always a disadvantage of holding some money back because there might not be any dip for a very long time.

You are correct, Bright0515.  There are a lot of folks who consider that DCA should be some small and even inconsequential amount, so then the bulk of what they are actually doing is waiting for dips that may or may not end up happening.

Sure, none of us can force anyone else to be more aggressive than they want to be, so then by default, they end up being whimpy based on their lack of ongoing and persistent aggressiveness in their DCA amount... so maybe instead of DCAing 80% or more of their bitcoin allowance amount into bitcoin, they end up DCA'ing 30% or less of the amount that they could have had been DCA'ing and perhaps saving the remainder for buying the dip or maybe just not being disciplined with exactly what they are doing with the remaining, and like you mentioned they may well end up just discretionarily consuming with those extra amounts that they had been holding back each week.. .and of course, the level of their chosen aggressiveness or their chosen whimpiness is completely for them to figure out how they want to balance it out and how important that they consider stacking bitcoin and making sure that they are prepared for up (without overly putting expectations on downs that may well not end up happening).

How can you say knowing the process and the strategy to stick to is a major setback? I totally disagree with you because it is not correct and true. Knowing the process and the strategy to stick to is still a major advantage for anyone that wants to invest in Bitcoin. The reason some people have issue or challenge in their Bitcoin investment is because they don't know the process and the strategy to use, there are folks that invest in Bitcoin randomly or haphazardly and this people are very open to panicking and selling because it is a wrong approach.

I think you would've known that I wanted to say not knowing the strategy to stick to, it would've been good if that point is being bolded and corrected, sometimes we write and continue to write without cross checking what we wrote, now that i have just make you ro understand what I meant I hope you won't disagree with me again lolz, I'm very happy that the only thing you didn't agree with me on is the word I failed to capture which is "not" but you'll agree with me that what I acatully wanted to say is one the major setback right?

I don't even know why so much emphasis on strategy as though investing in Bitcoin requires knowledge of some complex methods or processes. A careful perusal of what JJG have written in the first post of this thread is all the magic we need to achieve whatever targets we set for ourselves.  I have tried not do be carried away by too many complicated ideas, just simple monthly DCA when the salary arrives and I will live my life within budget while the emergency funds cover for anything not seen during planning but that may need attending to. The process does not have to be complicated else it because difficult to implement.

You are right justinlamode.  We may well start out with very basics of making sure that we have our expenses covered, and then just figuring out an amount that we want to use to buy bitcoin with from the money that is left over, whether weekly or on some other basis.  

I have no problem in continuing to make our systems of tracking our income, expenses, back up funds and the amount put in bitcoin more and more sophisticated (to our tastes), yet it is likely a good idea to try not to overly complicated matters and to make sure that the basics are covered in terms of not investing beyond our means and monitoring how our cashflows are going and holding up.  I frequently suggest that our abilities to effectively be aggressive in the ways that we buy bitcoin (whether weekly or otherwise) depends on the strength of our cashflow management systems and our back up funds, so if we have strong cashflow management systems/practices, then we likely have more cushion to be more aggressive and to cover any mistakes that we might end up making if we might end up overdoing it.

he happens to stumble upon a very large discretionary income from winning a lottery or even him cashing in on an earlier investment which has reached maturity and decide to use a large amount to buy Bitcoin at once, that is lump sum and this has nothing to do with his regular buys as it continues irrespective of the lump sum.

You mustn't wait to get a large discretionary income before you can lump sum, you can lump sum with little amount of money too. If you are giving funds as gift or funds to motivate you at work or bonus. You can lump sum right away with part of it or all of it, it depends on your choice.

 If your DCA is ongoing and you came across funds that you don't plan for or have any financial problem to solve it with you can lump sum with it regardless the amount as your DCA is ongoing.

I hope you're not confusing increasing your aggressiveness with lump sum, if you've little money from a bonus it whatever and you decide to invest it into Bitcoin, you can use it to increase your aggressiveness for that period. Lump summing is relative to your buying amount. If for example you regularly invest $100 into Bitcoin periodically and you've a bonus of $1000 and you wish to out it into Bitcoin, that can be called a lump sum for you since it's much larger than your normal buying amount, but I'm a scenario your bonus is just $30, you cannot call that a lump sum for you, instead you used it to increase your aggressiveness for that buying period.

JayJuanGee can we call increasing one's buying amount on such one-time scenario a front load?

I tend to consider front loading to be systematic, so that perhaps there would be periods of greater aggressiveness in bitcoin accumulation in early years, so perhaps putting systems in place so that way more bitcoin is accumulated in the earlier years than what would have had taken place under more normal measures, so I have my doubts that the bitcoin buys would merely be from a few buys here and there...and perhaps there would be purposeful reallocation from other investments into bitcoin.  Not everyone is in a position to front load their bitcoin investment, even  though sure, there could be attempts at being more aggressive in bitcoin accumulation over the first several years into bitcoin.

There could be a variety of examples that might fit into a front loading kind of an approach... yet maybe I can give a couple of examples to show how frontloading might play out.

Frontloading example 1 - guy already had been investing 10 years:  A guy is in his mid 30s with an income of $30k per year, and he had been investing into traditional investments (not bitcoin) for 10-ish years at around $100 per week (17.33% of his income), and so he had invested around $45k, which had grown to about $60k, so he has already invested 1.5x of his annual income and it's current value is 2x his current income.  When he first heard about bitcoin, he thought it was a good idea, and he thought that he could just transfer his $100 per week from his historical investments into bitcoin, yet he decides to be more aggressive and to front load into bitcoin, so in that regard, he is accelerating the pace that he is investing into bitcoin so that he might end up putting a whole year's income into bitcoin in a matter of a couple of years.. so he measures how much he can take from his regular income (which is around $100 per week) and how much that he can take from his already existing investment (perhaps around $300 per week to make it $400 per week in total). He also could just transfer larger chunks into bitcoin from his already existing investment portfolio, and so he has options based on his already existing investments.

Frontloading example 2 - guy starting without any other investments - except his back up funds are already in a good position:  This guy is also in his mid 30s with an income of $30k per year, and even though he does not have any investments, he already has around 3-6 months of back up funds in place.  When he initially heard about bitcoin, he considered it to be a good investment, and after reviewing his finances, he is pretty sure that in normal circumstances, he would invest around 10% of his income which means it would take close to 10 years for him to put 1 year's income into bitcoin, so instead, he decided to purposefully invest 25% of his income into bitcoin so that he would haver 1 year's income into bitcoin in a matter of 4 years (and maybe less)... so that way he is purposefully and greatly accelerating the rate of his investing into bitcoin.

Most guys do not have other investments that they can take from and put into bitcoin, yet if they can put strong cashflow management into place, then they may well be able to frontload their bitcoin investment by investing more aggressively than what they otherwise would do for a period of time in order to try to get their stake into bitcoin high as soon as they are able to accomplish it..

[Derekfunds]

Yes The DCA strategy is a very good strategy to use as an investor. It does not give you pressure. It allows you to accumulate with any amount of money you have with you, DCA strategy is one of the best investment strategies however it is not comfortable for those who are too engaged with appointments, businesses or investment because you may be forgetting that you need to accumulate, this set of people, lump sum are the best for them.
Yes DCA strategy is not meant for the low income earners alone even those high income earners can also use and benefit from DCA strategy, DCA strategy is the reason why a lot of of us are still in bitcoin investments because it makes everything very easy for us. When I started bitcoin investment I only buy in the dip that strategy was not comfortable for me. It was slowing me down in my accumulation process.

You're very correct,dca is the best strategy for accumulating bitcoin. if we are very busy we can plan our busy schedules in a way that it wouldn't slow our accumulation. If we can schedules time for business meetings, business trips then we should be able to schedle time to accumulate bitcoin. So being busy doesn't mean we cannot allocate time to accumulate bitcoin using DCA there's always time for everything no matter how busy a person is unless that person is not interested in accumulating bitcoin.
DCA strategy can be used by both low income earners and high income earn to accumulate bitcoin. So it is not a strategy limited for low income earners. Every persn regardles of income can accumulate bitcoin through dca strategy.

What does being busy got to do with Bitcoin investment, you don't have to be purchasing Bitcoin all the time and it is not even possible. Bitcoin is only purchase weekly or monthly depending on the duration one wants to be using in their purchasing it can not even take more 10 minutes if internet connection is very stable so why talk about time and busy. The word "Busy" shouldn't be used because if someone is really interested in holding they won't be busy to purchase Bitcoin.

[ejikeme24]

if we are very busy we can plan our busy schedules in a way that it wouldn't slow our accumulation. If we can schedules time for business meetings, business trips then we should be able to schedle time to accumulate bitcoin. So being busy doesn't mean we cannot allocate time to accumulate bitcoin using DCA there's always time for everything no matter how busy a person is unless that person is not interested in accumulating bitcoin.
DCA strategy can be used by both low income earners and high income earn to accumulate bitcoin. So it is not a strategy limited for low income earners. Every persn regardles of income can accumulate bitcoin through dca strategy.

What does being busy got to do with Bitcoin investment, you don't have to be purchasing Bitcoin all the time and it is not even possible. Bitcoin is only purchase weekly or monthly depending on the duration one wants to be using in their purchasing it can not even take more 10 minutes if internet connection is very stable so why talk about time and busy. The word "Busy" shouldn't be used because if someone is really interested in holding they won't be busy to purchase Bitcoin.

Being busy has absolutely nothing to do with our bitcoin investment, even if a guy is working 24/7  yet there will still be a space for them to invest in bitcoin for example, during break period. I believe almost all the companies go for break and during this break hour you can make your bitcoin purchase and of course it doesn't take enough time to purchase bitcoin so Long as the network is stable so I don't see how our busy schedule will affect our bitcoin investment unless you want to use that as an excuse and even if you do, remember you're not making the investment for anybody but for yourself so whatever decision you make in your bitcoin investment whether good or bad  you will still be the one to give account.

[Big Dirams]

Too many strategies and try different things becomes the begging of many complications investors face, especially new investors. Somw without knowledge would want to begin there investment trying all strategy, some wanting to gather enough and stable money before starting, while some might begin yo argue that the DCA might not be the best strategy for them to start and that it may delay there investments. These are words coming from a newbie who has no understanding about investments.

It has been always said that the major thing a newbie needs to know before starting his investment is the basic knowledge of how to figure out what his discretionary income is, and if this is done, he can begin his investment immediately while he can gather and plan better while he keeps investing. I think it's as simple as that. Start with the discretionary. While some will be running around looking for other means or trying some other impossible means, and getting things complicated or there would be investment complicated, a simple DCA buys weekly or monthly has set the tone for a newbie I'm preparation for a long investment journey

Even as a newbie to bitcoin investment no need to keep stashing up funds and keep saving before we can feel more comfortable about investing in bitcoin we can start with the little we have and enjoy the value of bitcoin. DCA has made investing more easier and reachable for everyone so long we have the right funds for accumulation then the journey is widely open for anyone.
 But the appropriate manner of approach is by making sure discretionary income are set aside and also emergency funds before walking into bitcoin investment.  And also it not only about having the discretionary income, having little knowledge about what we are into helps to strengthen our investment journey.

[Zackz5000]

That's right, missing out to invest at certain interval is not a big deal, you can just continue the next week or month and continue investing as scheduled, all that matters is consistency. This strategy makes everything a lot easier for us, no need to stress out just have your discretionary income and invest based on your schedule and you can go on with your busy work. As long as you are investing with a long time mindset all you need is to be consistent with the investment and try to invest as scheduled.

This is not even a problem what matters is how determined such invetsor is to keep up whenever, you know what? The major setback for some investors is knowing the process and of course the strategy to stick to as you've already written, I don't think there's any investment that's easy as Bitcoin, when you compare the value of Bitcoin, you'll understand that the discreationary income that's required of every investor to invest with through the unpressured means which is the DCA strategy, makes if very easy for us all to get in, an become consistent with the discreationary income available and hodl for a long-term.

Decision-making and discipline are among the problems people face in Bitcoin investment. It is not that they do not understand the importance of investing in Bitcoin, but the starting point is the main issue. The reason for this is that they don't believe they can invest in Bitcoin due to the pressing needs they have to meet. However, it is possible to invest in Bitcoin irrespective of everything by understanding that you only need to invest what you can afford.

The next step is to decide to start immediately. Never set a specific time to start, as this might lead to procrastination and the possibility of not investing in Bitcoin by the deadline you set for yourself. Decide now, start investing, and be disciplined in keeping your decision.

Many who don't understand can actually think that they need to have money over flow before they can start Bitcoin investment, many never know that as low as $10 they can start accumulating Bitcoin, investing in Bitcoin is not stressful when ever you have money you can afford to loss you use it and buy doing this and hodl for long can change a man story, waiting without getting started when the discretionary income is available is where the problem comes because what will follow immediately is procastination of starting the next day and the upper day and finally end up with out getting started.

[obuoma]

What does being busy got to do with Bitcoin investment, you don't have to be purchasing Bitcoin all the time and it is not even possible. Bitcoin is only purchase weekly or monthly depending on the duration one wants to be using in their purchasing it can not even take more 10 minutes if internet connection is very stable so why talk about time and busy. The word "Busy" shouldn't be used because if someone is really interested in holding they won't be busy to purchase Bitcoin.

Being busy has absolutely nothing to do with our bitcoin investment, even if a guy is working 24/7  yet there will still be a space for them to invest in bitcoin for example, during break period. I believe almost all the companies go for break and during this break hour you can make your bitcoin purchase and of course it doesn't take enough time to purchase bitcoin so Long as the network is stable so I don't see how our busy schedule will affect our bitcoin investment unless you want to use that as an excuse and even if you do, remember you're not making the investment for anybody but for yourself so whatever decision you make in your bitcoin investment whether good or bad  you will still be the one to give account.

As far as I know, time is not one of the factors people consider when discussing or planning investment in Bitcoin because buying Bitcoin  just take few minutes to do, less than the time it takes to finish breakfast and the east will be you wait for network confirmations of your deposit in exchange and withdrawal to your wallets. You can even be performing the whole process while eating provided you will double check everything before giving the final approval.

Anyone who use the excuse of being busy when it comes to investing in Bitcoin is simply looking for excuse and reason not to get started  already. There is no one that can be busy 24/7 that they will not have time to do something as simple as buying Bitcoin. So there is no point using that as excuse else the challenge will just be too many.

If you have the conviction that Bitcoin is something you want to commit your resources to, you will definitely find time to make the purchase.

[adultcrypto]

Even as a newbie to bitcoin investment no need to keep stashing up funds and keep saving before we can feel more comfortable about investing in bitcoin we can start with the little we have and enjoy the value of bitcoin. DCA has made investing more easier and reachable for everyone so long we have the right funds for accumulation then the journey is widely open for anyone.
 But the appropriate manner of approach is by making sure discretionary income are set aside and also emergency funds before walking into bitcoin investment.  And also it not only about having the discretionary income, having little knowledge about what we are into helps to strengthen our investment journey.

The bolded part of your statement is not completely correct because a new investor can start already when he has figured out his discretionary income even though he has not setup emergency funds yet, that can be done later when he has already started. As you know, emergencies are not expected immediately the investment is started, so he can get started and gradually set up the emergency funds to protect the investment which he has started already. If the investor, especially low income earners wants to set up all the various funds like emergency funds and reserve funds before getting started, it might be a little challenging to them so they can start small as their discretionary income can carry and then work hard to set up emergency funds. This is what I wanted to correct so that people don't get the wrong invormation.

[alankasman]

The bolded part of your statement is not completely correct because a new investor can start already when he has figured out his discretionary income even though he has not setup emergency funds yet, that can be done later when he has already started. As you know, emergencies are not expected immediately the investment is started, so he can get started and gradually set up the emergency funds to protect the investment which he has started already. If the investor, especially low income earners wants to set up all the various funds like emergency funds and reserve funds before getting started, it might be a little challenging to them so they can start small as their discretionary income can carry and then work hard to set up emergency funds. This is what I wanted to correct so that people don't get the wrong invormation.

This means that what must be done is without considering our income. If we don't have income yet it certainly means someone can't take steps to invest. I think this statement is wrong because investing without needing to think about our income and if not how is it possible? That's the problem. Sometimes when someone wants to start they have already saved funds (emergency or savings) but at that time they sometimes lack further knowledge. So when they do gain knowledge about investing in Bitcoin they only have their reserve funds. If you mention the need for discretionary income to invest this certainly creates a problem that shouldn't be raised in this forum. Essentially I completely agree with what you said about people who only prioritize investors who can invest or start investing.

If you're too biased toward those with income it means that only certain individuals can invest. Those without a stable income can't do so. This may be due to financial constraints which can be quite difficult requiring patience. This is because you can't start without finances or income even if you have the intention to start. I don't agree with this because it's too discriminatory toward those who have the desire to start.

[Sim_card]

Even as a newbie to bitcoin investment no need to keep stashing up funds and keep saving before we can feel more comfortable about investing in bitcoin we can start with the little we have and enjoy the value of bitcoin. DCA has made investing more easier and reachable for everyone so long we have the right funds for accumulation then the journey is widely open for anyone.
 But the appropriate manner of approach is by making sure discretionary income are set aside and also emergency funds before walking into bitcoin investment.  And also it not only about having the discretionary income, having little knowledge about what we are into helps to strengthen our investment journey.

You are contradicting yourself. You first said no need to set up an emergency funds before starting to invest when you don't have. In your last paragraph, you said it's appropriate to get all set up on ground before starting your Bitcoin investment.

You cannot set up an emergency funds of at least three months of your monthly expenses before getting started because it will delay your time to start your investment since it can take at least a year or more to set up an emergency funds of three months of your expenses especially, when your discretionary income is small. Waiting is not a good way to build your bitcoin investment because why you are waiting, you are missing the opportunity in the market to build and grow your bitcoin stash with DCA overtime.

Secondly, you don't need to save your discretionary income to a certain amount before getting started since you don't need to buy one full bitcoin but sats. As long as you have figured out that you have a discretionary income, even as low as $10, you can get started immediately with the basic knowledge of bitcoin . What really matters is your consistency and determination in reaching your bitcoin target.

[MarjorieZimmermanGinger]

Even as a newbie to bitcoin investment no need to keep stashing up funds and keep saving before we can feel more comfortable about investing in bitcoin we can start with the little we have and enjoy the value of bitcoin. DCA has made investing more easier and reachable for everyone so long we have the right funds for accumulation then the journey is widely open for anyone.
 But the appropriate manner of approach is by making sure discretionary income are set aside and also emergency funds before walking into bitcoin investment.  And also it not only about having the discretionary income, having little knowledge about what we are into helps to strengthen our investment journey.

When I first learned about Bitcoin, I barely had a clear plan for financial management because my finances weren't that strong at the time. But there was one belief I always held: it's better to start early, even with a small amount. This represents a turning point in the process of successfully investing in Bitcoin because what matters most isn't the amount, but how that belief can lead us to become directly involved in the investment, so we can experience the benefits and strive for consistency.

When people aren't directly involved in investing, they don't understand the impact of the results, even though learning can be done beforehand. But if we learn to start and most importantly, we learn to understand investing, our patterns can be much better, such as utilizing DCA. Thus, financial management becomes a foundation that we continually learn, so the effects can be applied to investments through proper financial management.

[DubemIfedigbo001]

But the appropriate manner of approach is by making sure discretionary income are set aside and also emergency funds before walking into bitcoin investment.  And also it not only about having the discretionary income, having little knowledge about what we are into helps to strengthen our investment journey.

It's not a necessity to have your emergency fund built out before starting your investment into Bitcoin. Waiting to build this out may see you delaying your investment unnecessarily. The only requirement is having a discretionary income, you can always build your emergency fund alongside your accumulating Bitcoin. Building emergency fund first before starting your accumulation journey would take a long time and that is simply stacking cash unnecessarily when you should've started buying Bitcoin and maintaining consistency in it to get ahead in your accumulation journey. Do not delay, you should get started with buying Bitcoin.

Waiting to build out emergency fund is just a barrier created by yourself preventing you from starting out your regular purchases and chances are that you may start having decision fatigue on the long-run and may not end up investing into Bitcoin.

It is better to start immediately you've discretionary income, backup funds are form of shields from tampering your portfolio prematurely and they're good to be built simultaneously with investing into Bitcoin.

[cyberninja2]

When I first learned about Bitcoin, I barely had a clear plan for financial management because my finances weren't that strong at the time. But there was one belief I always held: it's better to start early, even with a small amount. This represents a turning point in the process of successfully investing in Bitcoin because what matters most isn't the amount, but how that belief can lead us to become directly involved in the investment, so we can experience the benefits and strive for consistency.

This demonstrates your intention and determination to make a decision that not many people dare to make. However when you succeed in making that decision you reveal it here so that your actions become a valuable experience for all parties and they will praise your decision-making. Your strength in the financial or capital category is solely based on your determination. Ultimately after generating income from the results you create you will have a better understanding of financial management especially in the future when investing in Bitcoin which will become your future asset. You've been quite successful in making decisions that not many people make like you.

When people aren't directly involved in investing, they don't understand the impact of the results, even though learning can be done beforehand. But if we learn to start and most importantly, we learn to understand investing, our patterns can be much better, such as utilizing DCA. Thus, financial management becomes a foundation that we continually learn, so the effects can be applied to investments through proper financial management.

This may make them feel a little anxious about getting involved in investing because they may not have much experience in investing so they only think about what will happen if they get involved. I think it's appropriate for them to approach this by learning about ways to gain a deeper understanding of investing. Ultimately after understanding this they will invest utilizing their knowledge regardless of what they gain during their investment learning period.

[Patrol69]

You have raised an important point, in the case of long-term investment, the emergency fund actually acts as the backbone of the investment. If the emergency fund is not ready, then everything can go wrong due to financial pressure. Maybe while investing, many of us may think that our financial situation is good now, so our financial situation will be good in the future as well, so there is no need to worry about an emergency fund or any alternative, but no one knows when the need will arise, so it is better to be prepared in advance because in the middle of the investment, we do not have to think about selling this investment. We invest to hold it for a long time and with good expectations, so if we have to sell in the middle of continuing the investment, then no expectations will be fulfilled, so it is wise to be prepared in advance.

It is wise to prepare in advance for the future, rather than making decisions based only on the present. An investor whose current financial situation is very good and decides to invest based only on his current financial situation but does not think about the future, may face problems later because people's financial situation is not always the same. When engineers do any construction work, they design a plant thinking about how much pressure this structure can withstand in the future or whether this structure will be able to survive if there is a major earthquake. Similarly, if an investor thinks about the future and forms an emergency fund, it will give the investor extra security and the investor will not have to sell the investment in case of sudden need. People's financial conditions improve and deteriorate in life, so if a person's financial situation deteriorates in the future or if there is a major financial need, then an emergency fund plays a very important role so that he does not have to sell the investment.

This is a fantastic thread that timelessly captures the beginner's dilemma, however, I think we often overlook the psychological endurance required for DCA, everyone says "just buy and hold" but no one prepares a beginner for the mental toll of a 70% portfolio drop during a brutal bear market, or the temptation to gamble on the next shiny altcoin when Bitcoin seems "boring", perhaps true Bitcoin literacy isn't just about understanding self-custody or node operation, but about mastering our own financial psychology, I would love to hear from the veterans here about the specific mental frameworks or strict rules they use to prevent panic selling or FOMO buying during extreme market volatility.

In a new situation, investors can start investing only if they have some general ideas about investing. Many people think that to start investing, they need to have a complete idea about it, but an investor never has a complete idea about investing because investors keep learning new things with time. So if an investor starts investing with a little idea, then gradually he will know better about the investment and he will be able to make decisions accordingly.

Yes, you are right, no one has a complete understanding of any new job. A skilled pilot is not skilled at the beginning, but he gradually learns and later he becomes a skilled pilot. Similarly, if an investor starts investing with some general ideas about investing and gradually learns to invest, then I believe he will gradually become much more experienced and skilled in investing. Starting is an important step for investors, because when an investor starts investing and has a long-term plan, he continues to invest consistently through proper management.

Investment in Bitcoin is usually planned for the long term, so whether the market is dumping or pumping a little, the investment cannot be sold, but one must remain steadfast in their continuous investment. In the case of many new investors, such a reaction is seen that they are affected by market pumping or dumping and they sell, but if they plan to invest for a long time and sell their investment in the middle, then it will not actually be considered a long-term investment, but it will be considered as trading. Since investors have little idea about investment in the new situation, investors can definitely start investing with a part of their extra money, for example, investors can start investing with $20-$30 per week and later increase the investment amount depending on their additional income.

When we start investing as investors, we have to have a plan that we will definitely hold our investment for a long time and no matter how many negative or positive changes occur in the market during this long period, we will not be influenced and sell. When investors invest with a long-term plan, many investors cannot control themselves with temporary losses and temporary gains, due to which they sell and when they sell, but it is not considered as investment but it is considered as trading. In a new situation, when investors start investing with a long-term plan, it will be difficult for them to accept the changes in the market in the beginning, but if they can be patient and trust the market, then they will definitely be able to overcome these challenges quite well.

Now the point is why the DCA investment method is suggested to investors for investment, basically in this method investors maintain continuity of investment and in this method investors do not give much priority to changes in the market but they give more priority to continuous investment. Yes, in the investment situation, it is often seen that the market dumps, but that temporary dumping should be considered as an investment opportunity by investors.

If an investor does not have an idea about emergency fund at the beginning of investment, then I think he will feel the need for emergency fund himself after continuing to invest continuously for a few days and then he can form a separate emergency fund to protect his investment.

Yes, DCA investment strategy plays a very effective role in long-term investment because due to this strategy, an investor continues to invest consistently and the investment does not feel pressured to the investor. In DCA investment method, an investor can invest only the amount of money that the investor has and the amount of money that the investor considers right for investment through DCA investment strategy. So it is a really effective investment strategy.

[Barikui1]

If you're too biased toward those with income it means that only certain individuals can invest.

This is not about being bais or not, it's about the reality on ground, or are you going to invest with your tooth if you don't have a discretionary income?
When you don't have a discretionary income to invest with, the logical thing to do is look look for a source of discretionary income, so that you can buy and accumulate Bitcoin consistently.

Those without a stable income can't do so. This may be due to financial constraints which can be quite difficult requiring patience. This is because you can't start without finances or income even if you have the intention to start. I don't agree with this because it's too discriminatory toward those who have the desire to start.

Wether you have a stable income or not, if you can't figure out your discretionary income, you can not invest in Bitcoin and be successful at it, because any investment done outside your discretionary income is doom to fail, since you will eventually fall back to it, and withdraw back that money, so as to sort out your basic needs that is at your neck, so wether you agree to this or not, the reality on ground is that, sorting out your discretionary income is the first step to a successful Bitcoin investment.

[Big Dirams]

Even as a newbie to bitcoin investment no need to keep stashing up funds and keep saving before we can feel more comfortable about investing in bitcoin we can start with the little we have and enjoy the value of bitcoin. DCA has made investing more easier and reachable for everyone so long we have the right funds for accumulation then the journey is widely open for anyone.
 But the appropriate manner of approach is by making sure discretionary income are set aside and also emergency funds before walking into bitcoin investment.  And also it not only about having the discretionary income, having little knowledge about what we are into helps to strengthen our investment journey.

You are contradicting yourself. You first said no need to set up an emergency funds before starting to invest when you don't have. In your last paragraph, you said it's appropriate to get all set up on ground before starting your Bitcoin investment

You cannot set up an emergency funds of at least three months of your monthly expenses before getting started because it will delay your time to start your investment since it can take at least a year or more to set up an emergency funds of three months of your expenses especially, when your discretionary income is small. Waiting is not a good way to build your bitcoin investment because why you are waiting, you are missing the opportunity in the market to build and grow your bitcoin stash with DCA overtime.

Secondly, you don't need to save your discretionary income to a certain amount before getting started since you don't need to buy one full bitcoin but sats. As long as you have figured out that you have a discretionary income, even as low as $10, you can get started immediately with the basic knowledge of bitcoin . What really matters is your consistency and determination in reaching your bitcoin target.

you misunderstood what I meant, all what I was meaning was that no need to keep saving up before one can start bitcoin investment. It not the emergency I was referring to I was talking about many users who think they can only start bitcoin investment with high amount of money and they keep stashing up funds that is they keep saving money till some certain amount before investing that was my point about stashing  up funds it not about the emergency funds.
 My first paragraph was so clear there is nothing about emergency funds maybe you misinterpreted the statement but hope I made you understood all what my point was.

Even as a newbie to bitcoin investment no need to keep stashing up funds and keep saving before we can feel more comfortable about investing in bitcoin we can start with the little we have and enjoy the value of bitcoin. DCA has made investing more easier and reachable for everyone so long we have the right funds for accumulation then the journey is widely open for anyone.
 But the appropriate manner of approach is by making sure discretionary income are set aside and also emergency funds before walking into bitcoin investment.  And also it not only about having the discretionary income, having little knowledge about what we are into helps to strengthen our investment journey.

When I first learned about Bitcoin, I barely had a clear plan for financial management because my finances weren't that strong at the time. But there was one belief I always held: it's better to start early, even with a small amount. This represents a turning point in the process of successfully investing in Bitcoin because what matters most isn't the amount, but how that belief can lead us to become directly involved in the investment, so we can experience the benefits and strive for consistency.

Right it better to start early than sitting down waiting for the right time to invest when truly there isn’t a perfect time to invest in bitcoin instead all time are perfect to invest it just depends on the investors strategies and mindset of how to hold the investment for.
 Waiting is just us procrastinating our investment journey let start as soon as possible and keep the consistency in check with DCA method.

[adultcrypto]

The bolded part of your statement is not completely correct because a new investor can start already when he has figured out his discretionary income even though he has not setup emergency funds yet, that can be done later when he has already started. As you know, emergencies are not expected immediately the investment is started, so he can get started and gradually set up the emergency funds to protect the investment which he has started already. If the investor, especially low income earners wants to set up all the various funds like emergency funds and reserve funds before getting started, it might be a little challenging to them so they can start small as their discretionary income can carry and then work hard to set up emergency funds. This is what I wanted to correct so that people don't get the wrong invormation.

If you're too biased toward those with income it means that only certain individuals can invest. Those without a stable income can't do so. This may be due to financial constraints which can be quite difficult requiring patience. This is because you can't start without finances or income even if you have the intention to start. I don't agree with this because it's too discriminatory toward those who have the desire to start.

This is not being biased at all, I'm simply stating the obvious because to invest in bitcoin, you need capital different from your basic needs such as food, accommodation and others. If you have not settled your basic needs, even if you invest in bitcoin, you will be forced to sell the bitcoin to settle something like feeding else you may starve or develop sickness. Hence, the first thing is to settle basic needs, then part of the money remaining can be used to invest in bitcoin. Should an investor not be able to settle basic needs, then such person does not need to invest in bitcoin immediately but should first get a job or look for ways to improve his finances before thinking about investing in bitcoin.

The good news is that there is a method called the DCA method that you can use to buy bitcoin at a regular interval with as little as $10 per week. This method is suitable for all income classes and designed not to put pressure on the individual investor since it is done with little amount of money but at a regular interval of time.

[Qhunman]

This means that what must be done is without considering our income. If we don't have income yet it certainly means someone can't take steps to invest. I think this statement is wrong because investing without needing to think about our income and if not how is it possible? That's the problem. Sometimes when someone wants to start they have already saved funds (emergency or savings) but at that time they sometimes lack further knowledge. So when they do gain knowledge about investing in Bitcoin they only have their reserve funds. If you mention the need for discretionary income to invest this certainly creates a problem that shouldn't be raised in this forum. Essentially I completely agree with what you said about people who only prioritize investors who can invest or start investing.

If you're too biased toward those with income it means that only certain individuals can invest. Those without a stable income can't do so. This may be due to financial constraints which can be quite difficult requiring patience. This is because you can't start without finances or income even if you have the intention to start. I don't agree with this because it's too discriminatory toward those who have the desire to start.

the first step an investor should consider before getting started is if he has discretionary incomes available because without them he cannot invest in bitcoin. As long as he has discretional income available even if it is as little as $10 he can get started immediately and secure a stable source of income later. If an investor has intention to invest in bitcoin but he doesn't have discretionary income he should start working on improving his finances by taking on  jobs to have income even if it isn't steady. after all his financial expenses is sorted from his income, the remaining money is discretionary income can be invested in bitcoin.

[Nwadiche]

First the DCA strategy doesn't have any fixed price in which an investor is to buy bitcoin. With this strategy we can buy when the price is low and also when the price is high. However talking accumulating more at a lower price sounds more like keeping some percentage of our discretionary income for buying the dip whenever it occurs or to do lump sum buying.

Buying in dip is a smart move , accumulating Bitcoin more on a lower price is also a good approach in investment journey, and not fixing a particular price for the market is also another way of achieving some level of goal, you see that mindset of keeping some percentage of your discretionary income for buying the dip when it occurs is a right one , since the market is volatile, having a right approach at which one can follow to accumulate is the best, since DCA don’t have a fix price , it will even help investors  more, having a right strategy towards bitcoins investment journey make it easier for investors.

[Olatundespo]

First the DCA strategy doesn't have any fixed price in which an investor is to buy bitcoin. With this strategy we can buy when the price is low and also when the price is high. However talking accumulating more at a lower price sounds more like keeping some percentage of our discretionary income for buying the dip whenever it occurs or to do lump sum buying.

Buying in dip is a smart move , accumulating Bitcoin more on a lower price is also a good approach in investment journey, and not fixing a particular price for the market is also another way of achieving some level of goal, you see that mindset of keeping some percentage of your discretionary income for buying the dip when it occurs is a right one , since the market is volatile, having a right approach at which one can follow to accumulate is the best, since DCA don’t have a fix price , it will even help investors  more, having a right strategy towards bitcoins investment journey make it easier for investors.

I would say that it is wiser to buy Bitcoin at any price and regularly through DCA method than to buy Bitcoin during a price drop. If you know what the price of Bitcoin will be tomorrow, you may be in a state of uncertainty as a preparation for that. Uncertainty about the price lures an investor to buy Bitcoin at any price trend. The market is constantly running in its destined orbit, and sometimes there may be bullish or sometimes bearish periods in that running. Real investors consider each period of price drop as a special buying event and continuously accumulate Bitcoin a best event.

[Bright0515]

If you are regularly buying within your budget in a DCA kind of a way, then you can set the level of aggressiveness based on those regular buys, yet you are not necessarily going to have any extra money for buying the dips, unless you are holding back.. and so that is the trade off.. whether or not to hold any back, and if  so, how much to hold back... which may or may not be a good idea depending on what place a person might be in his bitcoin accumulation journey.

Most investors deliberately keep some funds aside for potential dip, which makes them only DCA with smaller amounts of money because they hope that at some point there will be a dip of which they can use all the money they set aside to buy aggressively.
To me there's always a disadvantage of holding some money back because there might not be any dip for a very long time.

You are correct, Bright0515.  There are a lot of folks who consider that DCA should be some small and even inconsequential amount, so then the bulk of what they are actually doing is waiting for dips that may or may not end up happening.

For the fact that some investors consider DCA'ing amount to be smaller than the amount they plan on using to buy the dip,
proves that there are two categories of investors that are using DCA method, which are the dip hunters and patient builders (or let's call it the long term builders).
One thing about the dip hunters is that their chances of not buying any dip is high because most times there's no dip. Even though there's a dip, they might still miss out because of greed as they might want to hold on a little longer for Bitcoin to dip more before they buy.

Sure, none of us can force anyone else to be more aggressive than they want to be, so then by default, they end up being whimpy based on their lack of ongoing and persistent aggressiveness in their DCA amount... so maybe instead of DCAing 80% or more of their bitcoin allowance amount into bitcoin, they end up DCA'ing 30% or less of the amount that they could have had been DCA'ing and perhaps saving the remainder for buying the dip or maybe just not being disciplined with exactly what they are doing with the remaining, and like you mentioned they may well end up just discretionarily consuming with those extra amounts that they had been holding back each week.. .and of course, the level of their chosen aggressiveness or their chosen whimpiness is completely for them to figure out how they want to balance it out and how important that they consider stacking bitcoin and making sure that they are prepared for up (without overly putting expectations on downs that may well not end up happening).

DCA,ing with a low amount of money (30% out of 100) and keeping 70% for dip hunting shows that there's no proper planning for the investment. To some investors, a large sum of money for dip hunting and small amount of money for DCA'ing seems like a smart strategy to them but truth be told that it's not a smart strategy at all because it's a very chronic shortage of capital towards DCA'ing.
The amount an investor DCA'ed into Bitcoin determines the the profit they will make, which makes it clear that if they DCA'ed small amount of money they will probably earn smaller amount of profit in the future and it depends on how long they invest. 70% of the amount an investor DCA weekly from his discretionary income gives him more advantage to earn more profits in the future.

Even as a newbie to bitcoin investment no need to keep stashing up funds and keep saving before we can feel more comfortable about investing in bitcoin we can start with the little we have and enjoy the value of bitcoin. DCA has made investing more easier and reachable for everyone so long we have the right funds for accumulation then the journey is widely open for anyone.
 But the appropriate manner of approach is by making sure discretionary income are set aside and also emergency funds before walking into bitcoin investment.  And also it not only about having the discretionary income, having little knowledge about what we are into helps to strengthen our investment journey.

You cannot set up an emergency funds of at least three months of your monthly expenses before getting started because it will delay your time to start your investment since it can take at least a year or more to set up an emergency funds of three months of your expenses especially, when your discretionary income is small. Waiting is not a good way to build your bitcoin investment because why you are waiting, you are missing the opportunity in the market to build and grow your bitcoin stash with DCA overtime.

For the fact that waiting doesn't give us a chance to achieve any SATs proves that there's no need for a beginner who do not have solid knowledge about Bitcoin investment to wait because he or she will miss out some opportunities.
Secondly, they just need to buy some SATs (not a whole Bitcoin). Starting small helps build their mindset to be disciplined and consistent, even though it's just weekly $10, it's worth more than waiting forever before buying. It also helps them understand the market because they will also experience when Bitcoin goes up and down. Such people probably have more knowledge than those who are still waiting. Another advantage of start early is that with time they will no longer be scared of the market movement (even though there's a dip). Lastly, in one way or the other they will make DCA'ing a habit because they are no longer scared of the market and they also understand the market based on their experience.