JJG’s Outline of Bitcoin Investment Ideas

[tvplus006]

...Hopefully, you have been following DCA in your own practice since I see that you have been registered on the forum since November 2017, so if you had started investing in bitcoin at around your forum registration date, then you would have had more than 8 years investing in bitcoin...

Yes, I have been using the DCA strategy regularly since I started participating in the signature campaign. This allows to invest in the purchase of BTC for 100 bucks per week. But I believe that every investment should have its own goal, after which money should be converted into its implementation. It can be an apartment, a country house, or a car. Long-term accumulation of money in order to get into the Forbes rating at the age of 80 is not my goal)

[Fadhil Pahlawadi]

I completely agree with your opinion, I think we can prepare for retirement by saving 20% or 30% of our monthly income to invest in Bitcoin, using the DCA strategy is certainly a good idea. Preparing financial planning from a young age for a better life in old age is a very wise idea.  it's hard to resist the urge to shop and buy things or delicious food when our friends are having a party. But postponing pleasure until retirement will save us money in old age. So we don't have to work as hard as before. In my area, there's a saying that saving is the root of wealth.

It's true as you say but what I need to ask is isn't it burdensome for someone to set aside 20% or 30% every time they receive income from their work?

Of course this is a good step actually but it is better not to determine the amount of what percentage each time someone receives wages from the results of their work at least by concentrating on doing it of course this will be better than not doing anything at all for things that concern someone's future because even with a small amount but they still try to do it so things like this for me we should appreciate because they do something with full confidence and full also with consistency not many people can do it with full consistency because sometimes this thing is often underestimated by many people because what is done with a small amount so that this thing about underestimating what someone does in the end they will feel a loss on the grounds of not thinking about their old age and they prefer to waste it for the satisfaction of their lusts.

[Fakhrulenclix]

I also believe that as humans, we are not free from mistakes, especially in managing finances. Therefore, I think we should accept them as long as they do not interfere with anything, whether it be finances or the money set aside for investments.

If your mistake already happened, of course, it is already a bygone.

You have already been registered here since October 2017 (more than 8 years), so sure maybe you have had time to already accumulate enough bitcoin or more than enough bitcoin.

Maybe we can go with an example of a newer guy who was still fairly early in his accumulation of bitcoin, so he came to bitcoin around 3 years ago, and he had been buying $100 of bitcoin every week, and let's say that he had some reductions in his income and some increases in his expenses, and several weeks go by, and he did not realize that the size (and cushion of his various accounts were going down), and so he could end up putting himself into a bad cashflow situation based on his not paying attention for several weeks, since if he had been paying attention, he probably would have had either reduced his DCA amount or maybe reduced some of his other expenses so that he would have had been able to continue his DCA at the $100 per week level.

There is value in attempting to learn from your mistakes and attempting to push limits, yet no one can tell you (or inspire you) to prioritize your bitcoin investment and/or your cashflow management practices if you give those activities a low priority and/or you are not interested in improving.

That's true, and I also always learn from the experiences I have gone through.
I have been investing in Bitcoin for a long time, but sometimes when the profit target is reached, I sell it and try to re-enter when a price correction occurs, However now I have adopted a different strategy. As you said, the DCA strategy is quite effective for the long term, and I do it consistently, even with a small percentage, but the target is far-reaching for the future.