JJG’s Outline of Bitcoin Investment Ideas

[Taskford]

A true investor who has been able to build faith in Bitcoin will never be too worried about the price of Bitcoin. For example, @JJG sir may not be too worried about the price of Bitcoin falling unless he has reached the goal of building his portfolio. An investor always uses the fall of Bitcoin and takes this opportunity as a blessing.

I have seen and heard many people praying to God for the fall of Bitcoin. They believe a lot in Bitcoin and pray that this fall will be useful.

Many investors pray for Bitcoin to drop in price but there are also many holders who keep praying for it to hit ATH again. As an investor, it depends on what level you are at and what you expect to happen. But investors who do DCA regularly will not worry too much during price fluctuations because they are buying Bitcoin regardless of the price and for the long term. He is a true investor who is accumulating Bitcoin regardless of the price and continuously investing it through discretionary income and this strategy does not allow them to worry too much about the price.

Smart investors do DCA regularly and increase the size of their cash fund as well as the purpose of aggressively buying during price drops. Balancing cash flow to make the most of Bitcoin price drops.

I think those people trade Bitcoin prays for Bitcoin to drop, usually they are the one waiting for dip to buy then choose to sell at high. Many think that its easy to do that, but when they are already trading for sure that they realize that what they are looking forward to happen is so hard to come. With all of those troubles happened on the market lots of people experience delays and their position didn't improve.

This is the reason why its good to do DCA, because we don't need to worry all of those situations that somehow can cause issues to us. True investors would not care about the price but rather they focus on buying despite whatever situation happened.

[Olatundespo]

A true investor who has been able to build faith in Bitcoin will never be too worried about the price of Bitcoin. For example, @JJG sir may not be too worried about the price of Bitcoin falling unless he has reached the goal of building his portfolio. An investor always uses the fall of Bitcoin and takes this opportunity as a blessing.

I have seen and heard many people praying to God for the fall of Bitcoin. They believe a lot in Bitcoin and pray that this fall will be useful.

Many investors pray for Bitcoin to drop in price but there are also many holders who keep praying for it to hit ATH again. As an investor, it depends on what level you are at and what you expect to happen. But investors who do DCA regularly will not worry too much during price fluctuations because they are buying Bitcoin regardless of the price and for the long term. He is a true investor who is accumulating Bitcoin regardless of the price and continuously investing it through discretionary income and this strategy does not allow them to worry too much about the price.

Smart investors do DCA regularly and increase the size of their cash fund as well as the purpose of aggressively buying during price drops. Balancing cash flow to make the most of Bitcoin price drops.

I think those people trade Bitcoin prays for Bitcoin to drop, usually they are the one waiting for dip to buy then choose to sell at high. Many think that its easy to do that, but when they are already trading for sure that they realize that what they are looking forward to happen is so hard to come. With all of those troubles happened on the market lots of people experience delays and their position didn't improve.

This is the reason why its good to do DCA, because we don't need to worry all of those situations that somehow can cause issues to us. True investors would not care about the price but rather they focus on buying despite whatever situation happened.

In fact the reality is that those who have not been in such a situation will not be able to easily understand this issue. For example, suppose a trader has bought Bitcoin with the expectation of a small profit and they are fairly sure of the price increase. They pray for the fall of Bitcoin and buy it, expecting that the price will increase very soon. They buy Bitcoin with the amount of funds available to them. But the further fall in the price creates panic among them, so those traders look for a way out of the market in such a continuous fall and finally sell at a loss. I have given examples of some traders I have seen. If the price of Bitcoin had not fallen but risen at that time, those traders would have withdrawn their holdings. They would have looked for dips to buy again. But those traders gradually got caught in the trading trap and could not find their capital to balance the profits and losses.

Smart investors who do DCA do not show volatility when the price of Bitcoin falls or rises. They make consistent buying and focus on building a long term portfolio. Smart investors manage each cycle properly to accumulate Bitcoin, keeping all elements such as discretionary income and backup funds consistent.

[Abelly]

A true investor who has been able to build faith in Bitcoin will never be too worried about the price of Bitcoin. For example, @JJG sir may not be too worried about the price of Bitcoin falling unless he has reached the goal of building his portfolio. An investor always uses the fall of Bitcoin and takes this opportunity as a blessing.

I have seen and heard many people praying to God for the fall of Bitcoin. They believe a lot in Bitcoin and pray that this fall will be useful.

Many investors pray for Bitcoin to drop in price but there are also many holders who keep praying for it to hit ATH again. As an investor, it depends on what level you are at and what you expect to happen. But investors who do DCA regularly will not worry too much during price fluctuations because they are buying Bitcoin regardless of the price and for the long term. He is a true investor who is accumulating Bitcoin regardless of the price and continuously investing it through discretionary income and this strategy does not allow them to worry too much about the price.

Smart investors do DCA regularly and increase the size of their cash fund as well as the purpose of aggressively buying during price drops. Balancing cash flow to make the most of Bitcoin price drops.

I think those people trade Bitcoin prays for Bitcoin to drop, usually they are the one waiting for dip to buy then choose to sell at high. Many think that its easy to do that, but when they are already trading for sure that they realize that what they are looking forward to happen is so hard to come. With all of those troubles happened on the market lots of people experience delays and their position didn't improve.

This is the reason why its good to do DCA, because we don't need to worry all of those situations that somehow can cause issues to us. True investors would not care about the price but rather they focus on buying despite whatever situation happened.

I think trying to catch the dip and trading repeatedly is not as profitable as it sounds in reality, when it comes to timing the market, most of the time emotions work, people sell quickly when they are afraid, and buy late when they are greedy, so even if they have a plan, the results are bad. The big advantage of the DCA method is that it reduces emotions and creates a disciplined investment habit. Investing a fixed amount regularly reduces the average price and spreads the risk over the long term. Those who have been patient and have accumulated for a long time have benefited more, compared to short-term traders. So consistency, risk management and a long term perspective are important for new investors.

[fredericktaylor]

A true investor who has been able to build faith in Bitcoin will never be too worried about the price of Bitcoin. For example, @JJG sir may not be too worried about the price of Bitcoin falling unless he has reached the goal of building his portfolio. An investor always uses the fall of Bitcoin and takes this opportunity as a blessing.

I have seen and heard many people praying to God for the fall of Bitcoin. They believe a lot in Bitcoin and pray that this fall will be useful.

Many investors pray for Bitcoin to drop in price but there are also many holders who keep praying for it to hit ATH again. As an investor, it depends on what level you are at and what you expect to happen. But investors who do DCA regularly will not worry too much during price fluctuations because they are buying Bitcoin regardless of the price and for the long term. He is a true investor who is accumulating Bitcoin regardless of the price and continuously investing it through discretionary income and this strategy does not allow them to worry too much about the price.

Smart investors do DCA regularly and increase the size of their cash fund as well as the purpose of aggressively buying during price drops. Balancing cash flow to make the most of Bitcoin price drops.

I think those people trade Bitcoin prays for Bitcoin to drop, usually they are the one waiting for dip to buy then choose to sell at high. Many think that its easy to do that, but when they are already trading for sure that they realize that what they are looking forward to happen is so hard to come. With all of those troubles happened on the market lots of people experience delays and their position didn't improve.

This is the reason why its good to do DCA, because we don't need to worry all of those situations that somehow can cause issues to us. True investors would not care about the price but rather they focus on buying despite whatever situation happened.

I think trying to catch the dip and trading repeatedly is not as profitable as it sounds in reality, when it comes to timing the market, most of the time emotions work, people sell quickly when they are afraid, and buy late when they are greedy, so even if they have a plan, the results are bad. The big advantage of the DCA method is that it reduces emotions and creates a disciplined investment habit. Investing a fixed amount regularly reduces the average price and spreads the risk over the long term. Those who have been patient and have accumulated for a long time have benefited more, compared to short-term traders. So consistency, risk management and a long term perspective are important for new investors.

In reality, most new investors are a little more interested in trading, they think that trading can make quick money very easily which cannot be obtained by investing elsewhere. But from my point of view, trading is very risky, making money by trading is not an easy thing. You can get success by trading, but you first have to gain proper knowledge about trading, as well as have proper knowledge about market volatility because to get success by trading, you have to enter the market at the right time. If you enter the market in a hurry due to greed or emotion, the possibility of loss is high, you have to enter the market at the right time, otherwise the possibility of loss will be very high. I always prefer long-term investment, and Bitcoin is a long-term investment. When we have proper knowledge about Bitcoin and when we buy Bitcoin consistently with discretionary money and are able to hold it for a long time with confidence without getting disappointed during market volatility, then success can be expected in the future. It is good to remember that Bitcoin cannot make anyone rich quickly.

[JayJuanGee]

If you are investing into bitcoin rather than trying to trade, then why the fuck should you care about a 50% drop in the bitcoin price, except that you are able to buy bitcoin at a lower price.

And this is one of the things I think is reasonable for you to ask. If someone chooses between investing in Bitcoin or trading if someone chooses to invest in Bitcoin they are certainly not wrong in caring about a 50% drop in Bitcoin's market price. I feel that Mr. @JayJuanGee is not choosing between the two but rather is more confident in what they are doing namely investing in Bitcoin and also trading. Therefore I agree with @JayJuanGee's question about this person.

For one thing, this thread is about investing, so in bitcoin it seems best to consider investing to be within at least a 4 year timeline, and perhaps even longer than a couple cycles.

At the same time, it may well be the case that some guys differ in their understanding of the meaning of investing, which I suppose is part of the purpose of this thread for me to attempt to proclaim my ideas of bitcoin investing and to discuss - so surely if some contrasting ideas are presented, they will sometimes need to be explained in order to attempt to understand how they relate to the topic.

I could understand situations in which guys had spent several years building up their bitcoin holdings, perhaps getting into 4-10 years or more territories, and accordingly they might well be preparing to transition into some form of sustainable withdrawal (even based on their having had reached overaccumulation status), so then the BTC price greatly dipping would likely contribute towards frustrations for guys in those kinds of situations... yet in the case of Charcol, he has ONLY been registered here since October (so right around 4 months), which contributes towards my wondering why there would be frustrations from guys who are newer to bitcoin, unless perhaps they greatly front-loaded their investment into bitcoin, yet even guys who greatly front-load their bitcoin (and have the means to do so) would be in a better place to also have abilitiews to ongoingly continue to be able to buy bitcoin rather than buying and sitting on their investment.

If you are investing into bitcoin rather than trying to trade, then why the fuck should you care about a 50% drop in the bitcoin price, except that you are able to buy bitcoin at a lower price.

And this is one of the things I think is reasonable for you to ask. If someone chooses between investing in Bitcoin or trading if someone chooses to invest in Bitcoin they are certainly not wrong in caring about a 50% drop in Bitcoin's market price. I feel that Mr. @JayJuanGee is not choosing between the two but rather is more confident in what they are doing namely investing in Bitcoin and also trading. Therefore I agree with @JayJuanGee's question about this person.

A true investor who has been able to build faith in Bitcoin will never be too worried about the price of Bitcoin. For example, @JJG sir may not be too worried about the price of Bitcoin falling unless he has reached the goal of building his portfolio. An investor always uses the fall of Bitcoin and takes this opportunity as a blessing.

I have seen and heard many people praying to God for the fall of Bitcoin. They believe a lot in Bitcoin and pray that this fall will be useful.

For sure, there should be a time element in regards to any of us considering where we are at, which also would include considerations regarding how much bitcoin we had already been able to accumulate during that time.

There don't seem to be too many situations in which guys would have had been able to reach overaccumulation status or even close to overaccumulation status during periods that the BTC price had been mostly going up, and if you think about bitcoin's price performance in the past 3-ish years, the price has been mostly going ongoingly up... so in that regard, guys would have had needed to come in earlier, perhaps even greater than 3 years ago and also to incredibly frontload their investment - yet even guys who came into bitcoin around late 2023 or earlier, even if they might have had been able to put 1-2 years of their income into bitcoin, they still would have had likely had costs per BTC that would have had been in the $20k to $30k arena, at best.  So there could be some rare instances of those earlier on guys to have had reached some variation of what they considered to be overaccumulation status.

Otherwise, guys who have been buying in the last couple of years, likely need to just keep on stacking, and perhaps even feel fortunate that BTC prices had corrected down in recent months in order to allow them the potential of picking up some bitcoin at lower prices.

Another problem that many guys (perhaps an overwhelming majority of guys) have is that they do not tend to have large chunks of money sitting around and/or they are not able to reallocate from some other non-bitcoin investment into bitcoin, so there tends to be some advantage for normal folks to be experiencing more rather than less time in bitcoin correction periods and/or consolidation phases during those times that they likely need to be accumulating bitcoin.

Its human nature to got worried about such and can't deny that its stressful to see when market drops like that, but if they are for Bitcoin investment and not for trading I think there's nothing to worry about. Since those drop is just temporary and usually those people losing in that situation are those who trade their Bitcoin for short time then got trap when market suddenly drops.

Yes, what we're discussing here is Bitcoin investment not trading. Therefore I think it's natural to express concerns about the current market price decline. I think that has its place. If you're worried about a price drop don't start investing in Bitcoin. It's better to just invest in gold. Gold prices rarely drop like Bitcoin's and gold prices don't drop much if they do. This is to anticipate concerns about investing in Bitcoin, as there might be a significant price drop that could make someone wary of investing in Bitcoin.

Fuck gold.  We are not talking about gold in this thread or trying to pump (promote) that crap.  I think that I already told you to try to stay on topic, alankasman.

[ruykeri]

I think trying to catch the dip and trading repeatedly is not as profitable as it sounds in reality, when it comes to timing the market, most of the time emotions work, people sell quickly when they are afraid, and buy late when they are greedy, so even if they have a plan, the results are bad. The big advantage of the DCA method is that it reduces emotions and creates a disciplined investment habit. Investing a fixed amount regularly reduces the average price and spreads the risk over the long term. Those who have been patient and have accumulated for a long time have benefited more, compared to short-term traders. So consistency, risk management and a long term perspective are important for new investors.

Only if the income flow is strong will there be continuity in DCA. Only then will mental and economic stress be reduced. And everyone who invests in Bitcoin should always keep a long-term mentality. Whether new or old, all investors should keep a long-term mindset. And old and experienced very few investors who do  short-term trading in Bitcoin. Because they have been with Bitcoin for a long time and have built up a confidence in themselves about long-term holding.

[Patrol69]

Surely projecting forward cashflows is likely improved with practice.

Personally, I have found that if I try to maintain a certain amount of cushion in my accounts (and my projections) then  even if I make mistakes in regards to over projecting my income and/or under projecting my expenses, I still have a way sufficient enough of a cash cushion so that I am not going to get stressed about mistakes that I might make, as long as they are within reason.  Of course, if the mistakes and/or the income/expense variance that comes up is of relatively large amounts, then I likely have to scramble to make sure that I have enough cash available at the time that I have to pay the expense(s).

When we do not have money, we do not have a cool head and this money increases the self-confidence of people and money lowers the self-confidence of people. Having extra money means having this confidence that if there is any danger, I can protect myself from that danger with this money, but if there is no money, then this confidence is not there, rather the mental stress increases a lot. There are some investors who do not sell their investments due to market instability, but when they fall under excessive financial pressure or financial need, they sell their investments without finding any way out, but if all these investors had made this preparation in advance, then they would not have had to sell their investments at this time.

For example, an investor started investing and after starting investing, he thought that I might have financial needs in the future or I might suddenly need money for my medical sector, so I set aside money in advance, this thing of setting aside money is security for him and this advance thought will protect his investment from suddenly selling.

Another thing that I do is to attempt to estimate the most conservative that I can, so if I were to know that I have a tendency to be receiving an income that varies between $2k and $3k per month, I will plug in the $2k amount for each of the future months so that I choose the low end for my forward income projection rather than the high end, so that if I end up receiving more than the minimum of $2k, then all that extra ends up counting as extra discretionary income that I can choose to allocate (towards investment, savings and/or discretionary consumption) once the actual amount becomes known to be available.

Seeing your example like this reminded me of something from my school life that whenever I saw that I would be late for class, I would always increase the time on my watch by 10 to 15 minutes so that I would never reach school late. In this case, you said that to plan for your future income by assuming a low amount, yes, when we assume a high amount of future income, naturally we will plan differently so that when the income decreases again in the future, but this plan will be a lot of pressure for anyone, but when we assume our future income as a relatively low amount, we will plan in such a way that even if the income decreases, it will not have any bad effect on our plan, rather if the income increases further, it will be a plus point for us.
Peace of mind is very necessary in long-term investment, we will be able to have that peace of mind by assuming a low amount of future income and in this plan, we will be able to earn extra income but there will be no pressure to sell the investment.

The same is true for expenses.  I will project the expenses in the most conservative way as well, so for example if I were to know that my monthly utility bills tend to vary between $70 and $200 per month, I will plug in the $200 amount for each of the future months so that I choose the high end for my forward utility expense projection rather than the low end, so that if my utility bill ends up being lower than the $200 projected high end, then all that extra ends up counting as extra discretionary income that I can choose to allocate (towards investment, savings and/or discretionary consumption) once the actual amount becomes known to be available.  

In a big event, the calculation is done over and over so that nothing is shorted because when a big event is held, naturally more people can come than the specified number of people, so it is always wise to calculate over and over. You have clearly highlighted the same point here, now if someone has spent or may spend $200 on electricity bill, gas bill, internet bill, etc. every month, but if the customer calculates the cost by $100 or $120, then at the end of the month he will not be able to reconcile this calculation because he has already under-calculated and spent the remaining amount. Doing so means doing injustice to himself because later he will have to borrow money to meet these additional expenses which is really unexpected. If he had calculated the expected bill by more than $200, then he would not have faced this problem. So I think investors should master all these strategies in advance.

[Olatundespo]

I think trying to catch the dip and trading repeatedly is not as profitable as it sounds in reality, when it comes to timing the market, most of the time emotions work, people sell quickly when they are afraid, and buy late when they are greedy, so even if they have a plan, the results are bad. The big advantage of the DCA method is that it reduces emotions and creates a disciplined investment habit. Investing a fixed amount regularly reduces the average price and spreads the risk over the long term. Those who have been patient and have accumulated for a long time have benefited more, compared to short-term traders. So consistency, risk management and a long term perspective are important for new investors.

Only if the income flow is strong will there be continuity in DCA. Only then will mental and economic stress be reduced. And everyone who invests in Bitcoin should always keep a long-term mentality. Whether new or old, all investors should keep a long-term mindset. And old and experienced very few investors who do  short-term trading in Bitcoin. Because they have been with Bitcoin for a long time and have built up a confidence in themselves about long-term holding.

A strong income stream is important for Bitcoin accumulation to be consistent, but it is not mandatory. If the income stream is at a reasonable level, you can still do DCA consistently. A strong flow will allow you to increase your accumulation but even if you have a weak discretionary income, you are still worthy for Bitcoin investment. A poor investor can change their financial situation through consistent Bitcoin accumulation and the stages are based on the income of each investor. Don't wait to become financially strong because Bitcoin and the opportunity are both very valuable. The trend of increasing prices is increasing over time and this consistency will continue in the future.

[JayJuanGee]

Surely projecting forward cashflows is likely improved with practice.

Personally, I have found that if I try to maintain a certain amount of cushion in my accounts (and my projections) then  even if I make mistakes in regards to over projecting my income and/or under projecting my expenses, I still have a way sufficient enough of a cash cushion so that I am not going to get stressed about mistakes that I might make, as long as they are within reason.  Of course, if the mistakes and/or the income/expense variance that comes up is of relatively large amounts, then I likely have to scramble to make sure that I have enough cash available at the time that I have to pay the expense(s).

When we do not have money, we do not have a cool head and this money increases the self-confidence of people and money lowers the self-confidence of people. Having extra money means having this confidence that if there is any danger, I can protect myself from that danger with this money, but if there is no money, then this confidence is not there, rather the mental stress increases a lot.

For sure, investment comes from discretionary funds, including money that you can afford to lose, and surely poor people tend to not invest because their discretionary incomes are low.

If you do not have money that you can afford to lose, then you cannot invest.

Yes. It tends to be quite stressful for everyone when the investment is going down rather than up, and the rationale for it to go down does not make a lot of sense.

Historically, when guys continued to invest, then sooner or later the BTC price had corrected, yet there is never any guarantee, so guys have to figure out how much they are ready, willing and able to put in.

And, of course, there has likely always been some level of downward manipulation of bitcoin to shake out weak hands, and ongoingly the players coming into bitcoin have been changing.

There are some investors who do not sell their investments due to market instability, but when they fall under excessive financial pressure or financial need, they sell their investments without finding any way out, but if all these investors had made this preparation in advance, then they would not have had to sell their investments at this time.

Of course, it is good to try to put systems in place in which you are not investing beyond your discretionary income and you have extra cash back ups for any variance in your income going down and your expenses going up, so that you do not have to tap into your bitcoin at a time that is not of your choosing, and another thing is to keep on buying, unless you run out of money then you would hold through such down periods.  And, yeah, sometimes it does not work out and guys end up having to sell some or all of their bitcoin during a correction. 

For example, an investor started investing and after starting investing, he thought that I might have financial needs in the future or I might suddenly need money for my medical sector, so I set aside money in advance, this thing of setting aside money is security for him and this advance thought will protect his investment from suddenly selling.

Well, yeah if guys have expenses that are coming up they have to be prepared for those... otherwise any time that they put new money into bitcoin, the plan should be that the new money put into bitcoin would be locked up for 4-10 years or longer... so if the guy makes mistakes in his calculation regarding how much money he needs and if he has sources (whether in come or savings) to cover such extra expenses, then yeah, he could end up tapping into some or all of his bitcoin at a time that was not of his choosing.

Guys have to try to protect themselves from making mistakes.
 

Another thing that I do is to attempt to estimate the most conservative that I can, so if I were to know that I have a tendency to be receiving an income that varies between $2k and $3k per month, I will plug in the $2k amount for each of the future months so that I choose the low end for my forward income projection rather than the high end, so that if I end up receiving more than the minimum of $2k, then all that extra ends up counting as extra discretionary income that I can choose to allocate (towards investment, savings and/or discretionary consumption) once the actual amount becomes known to be available.

Seeing your example like this reminded me of something from my school life that whenever I saw that I would be late for class, I would always increase the time on my watch by 10 to 15 minutes so that I would never reach school late. In this case, you said that to plan for your future income by assuming a low amount, yes, when we assume a high amount of future income, naturally we will plan differently so that when the income decreases again in the future, but this plan will be a lot of pressure for anyone, but when we assume our future income as a relatively low amount, we will plan in such a way that even if the income decreases, it will not have any bad effect on our plan, rather if the income increases further, it will be a plus point for us.

It tends to be better to have sufficient preparation for the worser case scenarios, and sure, it might not be possible to prepare for all scenarios, yet if guys are erroring on the side of conservative projections, then they give themselves way more cushion for errors that naturally may end up happening from time to time.

Peace of mind is very necessary in long-term investment, we will be able to have that peace of mind by assuming a low amount of future income and in this plan, we will be able to earn extra income but there will be no pressure to sell the investment.

That would be the goal.. to set up systems that you never have to sell until your time of choosing that may well be 10 years or more into the future, unless you happen to have an age or health reason that might cause you to set investment timelines that are less than 10 years.

The same is true for expenses.  I will project the expenses in the most conservative way as well, so for example if I were to know that my monthly utility bills tend to vary between $70 and $200 per month, I will plug in the $200 amount for each of the future months so that I choose the high end for my forward utility expense projection rather than the low end, so that if my utility bill ends up being lower than the $200 projected high end, then all that extra ends up counting as extra discretionary income that I can choose to allocate (towards investment, savings and/or discretionary consumption) once the actual amount becomes known to be available.  

In a big event, the calculation is done over and over so that nothing is shorted because when a big event is held, naturally more people can come than the specified number of people, so it is always wise to calculate over and over. You have clearly highlighted the same point here, now if someone has spent or may spend $200 on electricity bill, gas bill, internet bill, etc. every month, but if the customer calculates the cost by $100 or $120, then at the end of the month he will not be able to reconcile this calculation because he has already under-calculated and spent the remaining amount. Doing so means doing injustice to himself because later he will have to borrow money to meet these additional expenses which is really unexpected. If he had calculated the expected bill by more than $200, then he would not have faced this problem. So I think investors should master all these strategies in advance.

We likely know a lot of people who have had practices in which they are creating their own emergencies... so we should strive to create systems and/or practices so that we lessen the likelihood of emergencies...and for sure, if we are investing into such a volatile and liquid asset, such as bitcoin, then we could end up getting tempted to tap into our bitcoin based on our own mistakes - whether the bitcoin might be in profits or at a loss, we still would likely be better off to be putting systems in place so that we would have options rather than getting forced into having to tap into our bitcoin.

I think trying to catch the dip and trading repeatedly is not as profitable as it sounds in reality, when it comes to timing the market, most of the time emotions work, people sell quickly when they are afraid, and buy late when they are greedy, so even if they have a plan, the results are bad. The big advantage of the DCA method is that it reduces emotions and creates a disciplined investment habit. Investing a fixed amount regularly reduces the average price and spreads the risk over the long term. Those who have been patient and have accumulated for a long time have benefited more, compared to short-term traders. So consistency, risk management and a long term perspective are important for new investors.

Only if the income flow is strong will there be continuity in DCA. Only then will mental and economic stress be reduced. And everyone who invests in Bitcoin should always keep a long-term mentality. Whether new or old, all investors should keep a long-term mindset. And old and experienced very few investors who do  short-term trading in Bitcoin. Because they have been with Bitcoin for a long time and have built up a confidence in themselves about long-term holding.

A strong income stream is important for Bitcoin accumulation to be consistent, but it is not mandatory. If the income stream is at a reasonable level, you can still do DCA consistently. A strong flow will allow you to increase your accumulation but even if you have a weak discretionary income, you are still worthy for Bitcoin investment. A poor investor can change their financial situation through consistent Bitcoin accumulation and the stages are based on the income of each investor. Don't wait to become financially strong because Bitcoin and the opportunity are both very valuable. The trend of increasing prices is increasing over time and this consistency will continue in the future.

Sure we invest into bitcoin based on a presumption that the price is going to go up in the future, so even if the short term might show a downward trend, we are investing into bitcoin based on an expectation that the longer term trend is upwards... Such ongoing upward trend into the future is not guaranteed, even if we are presuming such ongoing upward trend to be present and for bitcoin to be the soundest of assets in existence.

During down trends and low periods investors could get demoralized, yet some of them will continue to invest at all times, including seemingly downward trending times.

[Wakate]

Only if the income flow is strong will there be continuity in DCA. Only then will mental and economic stress be reduced. And everyone who invests in Bitcoin should always keep a long-term mentality. Whether new or old, all investors should keep a long-term mindset. And old and experienced very few investors who do  short-term trading in Bitcoin. Because they have been with Bitcoin for a long time and have built up a confidence in themselves about long-term holding.

A strong income stream is important for Bitcoin accumulation to be consistent, but it is not mandatory. If the income stream is at a reasonable level, you can still do DCA consistently. A strong flow will allow you to increase your accumulation but even if you have a weak discretionary income, you are still worthy for Bitcoin investment. A poor investor can change their financial situation through consistent Bitcoin accumulation and the stages are based on the income of each investor. Don't wait to become financially strong because Bitcoin and the opportunity are both very valuable. The trend of increasing prices is increasing over time and this consistency will continue in the future.

I believe in gradual accumulation and that is even better than those that think they can grab the opportunity to buy at once after the noticed that the price of Bitcoin has dipped. The mistakes these people might be making is accumulate Bitcoin at once when they can buy gradually using only one strategy that will make them to become profitable but the time the market starts another bull movement.
It pays and profitable to buy gradually than buy at once at unstable price.

[Lida93]

Only if the income flow is strong will there be continuity in DCA. Only then will mental and economic stress be reduced. And everyone who invests in Bitcoin should always keep a long-term mentality. Whether new or old, all investors should keep a long-term mindset. And old and experienced very few investors who do  short-term trading in Bitcoin. Because they have been with Bitcoin for a long time and have built up a confidence in themselves about long-term holding.

A strong income stream is important for Bitcoin accumulation to be consistent, but it is not mandatory. If the income stream is at a reasonable level, you can still do DCA consistently. A strong flow will allow you to increase your accumulation but even if you have a weak discretionary income, you are still worthy for Bitcoin investment. A poor investor can change their financial situation through consistent Bitcoin accumulation and the stages are based on the income of each investor. Don't wait to become financially strong because Bitcoin and the opportunity are both very valuable. The trend of increasing prices is increasing over time and this consistency will continue in the future.

I believe in gradual accumulation and that is even better than those that think they can grab the opportunity to buy at once after the noticed that the price of Bitcoin has dipped. The mistakes these people might be making is accumulate Bitcoin at once when they can buy gradually using only one strategy that will make them to become profitable but the time the market starts another bull movement.
It pays and profitable to buy gradually than buy at once at unstable price.

FOMO is what makes some of these guys that tend to buy bitcoin at once as they're thinking that buying in a lumpsum when the price of bitcoin had dip would make them to have profit much quickly than a gradually consistent strategic process like the DCA which with a discretionary income can be really helpful in building a good size of bitcoin portfolio within a long period. And the profit from such long accumulation can't be compared to when buying at once, many people try to invest in bitcoin but are probably unaware that they might be doing it wrongly.

[Lida93]

Only if the income flow is strong will there be continuity in DCA. Only then will mental and economic stress be reduced. And everyone who invests in Bitcoin should always keep a long-term mentality. Whether new or old, all investors should keep a long-term mindset. And old and experienced very few investors who do  short-term trading in Bitcoin. Because they have been with Bitcoin for a long time and have built up a confidence in themselves about long-term holding.

A strong income stream is important for Bitcoin accumulation to be consistent, but it is not mandatory. If the income stream is at a reasonable level, you can still do DCA consistently. A strong flow will allow you to increase your accumulation but even if you have a weak discretionary income, you are still worthy for Bitcoin investment. A poor investor can change their financial situation through consistent Bitcoin accumulation and the stages are based on the income of each investor. Don't wait to become financially strong because Bitcoin and the opportunity are both very valuable. The trend of increasing prices is increasing over time and this consistency will continue in the future.

I believe in gradual accumulation and that is even better than those that think they can grab the opportunity to buy at once after the noticed that the price of Bitcoin has dipped. The mistakes these people might be making is accumulate Bitcoin at once when they can buy gradually using only one strategy that will make them to become profitable but the time the market starts another bull movement.
It pays and profitable to buy gradually than buy at once at unstable price.

FOMO is what makes some of these guys that tend to buy bitcoin at once as they're thinking that buying in a lumpsum when the price of bitcoin had dip would make them to have profit much quickly than a gradually consistent strategic process like the DCA which with a discretionary income can be really helpful in building a good size of bitcoin portfolio within a long period. And the profit from such long accumulation can't be compared to when buying at once, many people try to invest in bitcoin but are probably unaware that they might be doing it wrongly.

[Bigjoe33]

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A strong income stream is important for Bitcoin accumulation to be consistent, but it is not mandatory. If the income stream is at a reasonable level, you can still do DCA consistently. A strong flow will allow you to increase your accumulation but even if you have a weak discretionary income, you are still worthy for Bitcoin investment. A poor investor can change their financial situation through consistent Bitcoin accumulation and the stages are based on the income of each investor. Don't wait to become financially strong because Bitcoin and the opportunity are both very valuable. The trend of increasing prices is increasing over time and this consistency will continue in the future.

Sure we invest into bitcoin based on a presumption that the price is going to go up in the future, so even if the short term might show a downward trend, we are investing into bitcoin based on an expectation that the longer term trend is upwards... Such ongoing upward trend into the future is not guaranteed, even if we are presuming such ongoing upward trend to be present and for bitcoin to be the soundest of assets in existence.

During down trends and low periods investors could get demoralized, yet some of them will continue to invest at all times, including seemingly downward trending times.

Sure, and that's the mentality of real investors that keeps them going, and is worth emulating. For the weak hearted investors, the down trend period are moments of fear and panic and probably selling off of assets to avoid further loss or decay of there assets according to them. They are demoralised to the point they can't manage or control the pressure anymore. But on the other hand, some investors, despite been demoralised, they still believe and Hodl on, knowing and been optimistic, hopefully waiting for the up trend period, pegging there hopes on the possibility of its pump period, offcourse, after the storm, the rain, and after the Rain, am sure it's sunshine, and so, the even keep on buying and still hope and wait, and over the years, bitcoin has not disappointed, and so this believe and hope keeps them going till it eventual happens, whenever it will, no one knows.

And this is why it's best to invest with money we can afford to lose, so that when such down trend in price begins, one is relaxed and avoids panicking over your assets but hanging on hopes that they will move up again, and then you could reap something out of your investments. Knowing the bitcoin is a volatile asset, I think coming into Bitcoin investment with a long term investment plan still remains the best,  nothing beats that(long term investment mentality)