JJG’s Outline of Bitcoin Investment Ideas

[ChocolateBitcoinK]

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.

It is important to understand that investing is never stressful for those who understand Bitcoin. Bitcoin investment is not difficult if you have the real desire, it is not very risky if you believe in its potential and hold it for the long term, you can easily collect Bitcoin through DCA strategy without stress if you have proper financial management, and if you have real faith then you can easily ignore the volatility and be stable in the long term and hold it consistently. the bitcoin investment is very easy to take with the right knowledge and research, but if we think about it wrongly then it is very difficult for us and even investing is very difficult, risky and impossible for us, so it depends on the mentality.

[JayJuanGee]

We might be afraid of buying at a high price or at a price we could have bought at a lower price. With the DCA strategy, our fears are somewhat alleviated because we can accumulate more at a lower price.

By implementing this strategy, we can calmly continue holding Bitcoin, but of course, we must plan to hold it for a long time. I really enjoy investing with the DCA strategy because even though I don't have a large amount of funds, I can continue to make purchases gradually.

The DCA method doesn't guarantee purchasing at a lower price and it doesn't even matter what price we purchase at, the most important thing is holding for a long term because that is when we can be able to get something reasonable as an outcome and the DCA method doesn't care the market condition, it can be use at any given price of the market and  that is one of the reason I admire it so much and also the fact that anyone can invest provided they have a discrestionary income.

It seems you misunderstood what I said. What I meant was that when we use DCA, buying at a high price also gives us the opportunity to buy more at a lower price, which brings down our average purchase price—that’s what I meant.

As I said before, high prices shouldn’t be a reason for fear when we apply this strategy, because we can buy anytime and at any price. This also ensures we won’t miss out—sometimes we worry that if we don’t buy, the price might rise and we’ll miss out, while if we do buy, we worry the price might drop. Well, this strategy should help alleviate those concerns.

Your overall point is largely correct BlackBaron.  Anyone who continues to be in their accumulation stage is likely going to be much better off to be ongoingly buying at any price, and part of the reason to buy at higher prices (which you also implied to be the case) is that we cannot really know if prices are high or not, even if the price had gone up a lot, at any point in time, we cannot really have much confidence of knowing whether they price will correct or just continue to go up... Sure, some guys might slow down their BTC buys as the BTC prices are going up, yet if they hold back too much, they might end up being wrong and the BTC price continues to go up in spite of it already having had gone up a lot already.

We might be afraid of buying at a high price or at a price we could have bought at a lower price. With the DCA strategy, our fears are somewhat alleviated because we can accumulate more at a lower price.

By implementing this strategy, we can calmly continue holding Bitcoin, but of course, we must plan to hold it for a long time. I really enjoy investing with the DCA strategy because even though I don't have a large amount of funds, I can continue to make purchases gradually.

The DCA method doesn't guarantee purchasing at a lower price and it doesn't even matter what price we purchase at, the most important thing is holding for a long term because that is when we can be able to get something reasonable as an outcome and the DCA method doesn't care the market condition, it can be use at any given price of the market and  that is one of the reason I admire it so much and also the fact that anyone can invest provided they have a discrestionary income.

The DCA strategy can be considered a good strategy because despite our ambitions it's done in a healthy way, as you pursue wealth growth without greed meaning you don't invest all your money immediately in Bitcoin. You prioritize the art of investing because you enjoy the process of slowly building assets over the long term.

The DCA strategy is also very suitable and effective as long as you have a steady income which is the key point. Having a steady income allows you to develop automatic discipline because every time you receive your salary you already know how much you can set aside. Furthermore, DCA can reduce the impact of market volatility whether the market is up or down, so you keep buying regardless resulting in a lower average price in the long term.

It is not required that income is steady in order to deploy DCA.. and we can DCA whenever discretionary funds are available and choose the amount that we deploy into bitcoin every time that we determine that we have enough discretionary funds available.

The DCA method doesn't guarantee purchasing at a lower price and it doesn't even matter what price we purchase at, the most important thing is holding for a long term because that is when we can be able to get something reasonable as an outcome and the DCA method doesn't care the market condition, it can be use at any given price of the market and  that is one of the reason I admire it so much and also the fact that anyone can invest provided they have a discrestionary income.

The right thing to note about the DCA method is that price is not a factor because it is more concerned with buying bitcoin at amount considered small compared to the entire purchasing budget, and this being done regularly. The essence of the DCA method is to make the buying process easy and stress free such that the investor can purchase bitcoin without any single financial pressure on him. Even though the DCA method is not only for low income earners, the find it particularly helpful because it has helped them to be able to invest in bitcoin building gradually until they achieve something magnificent.

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.

That is a strange presumption.  You want to presume that busy people do not have time to deploy DCA buys, when DCA buys may be done once a week or perhaps on some other basis, and they could even be set to take place on an automatic basis.

I would consider that lump sum becomes a consideration for anyone who might get extra funds all of a sudden and they want to consider those funds for bitcoin buying, so then once they get the lump sums they can determine the amount, if any, that they want to dedicate to 1) buying right away, 2) defer by DCA and/or 3) defer by dips (that may or may not end up happening).

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 are correct that DCA applies to everyone and they can figure out how aggressive (or not) that they would like to be when they are deploying some form of DCA.. and even if their income and/or their expense is irregular, they can determine the ways that DCA makes sense to them. 

Buying the dip can end up involving quite a bit of waiting and strategizing that may end up increasingly devolving into not taking regular and consistent buying action.. and to end up putting guys into a wrong mentality in term of how much priority is likely in their interest to ongoingly and regularly be buying bitcoin rather than waiting for dips that may or may not end up happening.

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.

Yes you can be flexible with the process if you want, that's just like you taking advantage of such market dips and buying aggressively when the market bleeds extensively while still maintaining your strategy so it doesn't have to affect your DCA process. However all depends on ones income for you to be able to do that.

There are always trade offs in the employment of strategies to accumulate bitcoin, even if the investor had determined to accumulate through ongoing buying only.   So there is no way to proclaim that it is better to change the level of aggressiveness based on changes in bitcoin prices rather than perhaps based on the strength of cashflow management, including the degree to which back up funds are in place and in a strong status.

A real investor may never have time to buy. When an investor sees a market decline, he may consider this decline as a bonus and continue to buy aggressively depending on his financial situation. But an investor will continue to buy Bitcoin at the highest price until he is able to reach his portfolio goal.

Even if the price of Bitcoin reaches its all time highest level, the investor can invest in Bitcoin, but the investor will have to continue regular long-term investment following the DCA method. In this way, if the price increases or decreases, it will not be a cause of loss for him. And if he only wants to invest in lump sum, he can do that too, but he must maintain long-term investment. But if he can acquire good knowledge about Bitcoin, then the DCA method can play the most helpful role for the investor in his investment. The investor will be able to increase his investment without any comparative risk. The increase or decrease in the price of Bitcoin will not be an obstacle for him, rather he will get the opportunity to purchase Bitcoin according to his ability.

We might be afraid of buying at a high price or at a price we could have bought at a lower price. With the DCA strategy, our fears are somewhat alleviated because we can accumulate more at a lower price.

We don’t have to fear to buy at any time, if the market goes down after we buy, we can still take the advantage of the dip to buy more, no on would ever regret buying before the market drop, unless the person is timing the market.the DCA method will reduce the risks, since you are not buying all at once, you buy gradually depending on your choice. Whether market fall or rise you will still buy.

You seem to be implying that money comes out of nowhere @SmartCharpa.  The only way that you can buy more on the dip, after you had already been buying, would be that you had held back some money, or perhaps if you are just referring to your regular buys (such as weekly), in which you end up buying when it dips (or if it dips).

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.

There may well be times in which a person either surprisingly receives extra money during dip periods, or perhaps during dips, or as a result of dips, he thinks about some ways that he is able to generate extra funds or even to reallocate some funds into bitcoin that had been designated towards something else.

So many times, guys try to act as if there are no trade offs to be able to buy bitcoin more aggressively on the dip, which likely signifies that they had previously been choosing to buy bitcoin more whimpily in order to preserve money for buying dips that may or may not end up happening.

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.

Of course, the DCA doesn’t have a fixed price that you can buy buy bitcoin, with this method you can buy and the market is high, with this same method, you can still buy when the price is low. That is the best thing why people like the way, it is makes people comfortable with their accumulation without too much pressure, only you and your plan. Using the DCA doesn’t determine success for investment, the most important thing is to keep buying continuously, no need to consider the market.

Of course if anyone knows that the BTC price is high or it is low, then the person is going to buy when it is low rather than when it is high.  So the ongoing buying values the buying and locking in the price and locking in the bitcoin accumulation in order to prepare in case the bitcoin price goes high, but there is no real way of knowing if the BTC price is going to go up, down or sideway, even when people are proclaiming that they know and even when they are proclaiming with a high level of confidence that they know which way the BTC price might end up going...

So surely anyone would prefer to buy bitcoin for lower prices if they are able to, yet guys who are ongoingly accumulating and investing in bitcoin for the long term, such as 4-10 years or longer in the future, they likely realize that it is more valuable to be ongoingly accumulating bitcoin rather than trying to guess the bitcoin price and/or assigning higher probabilities to down than what really exists in reality.  So, in that sense, there is value to just keep buying no matter the price.. .and to have some confidence that if a guy is ongoingly, consistently, persistently, regularly and perhaps even aggressively buying bitcoin (without fucking around with selling and/or waiting for dips that might not happen), then his bitcoin stash is ongoingly going up whenever he makes BTC purchases, and perhaps every month he can show his bitcoin balance as being higher than it was the previous month, which can happen month after month after month, and then after several years, they will see that the quantity of their bitcoin stash had grown quite stupendously.. so even if they are not guaranteed that the BTC price is going to be higher or lower, as long as they were successful in ongoingly buying bitcoin, they will be guaranteed that had accumulated way more bitcoin  later down the road and perhaps even way more bitcoin than they imagined to be possible for them to accumulate.

If the guy is then 4-6 years down the road, he can make some assessment if he needs to be trying to continue to follow the same or a similar ongoing bitcoin accumulation strategy or whether he might make some adjustments to his bitcoin accumulation strategy based on where he is at.. which at some point guys progress into a status where they might be more at maintenance and less emphasis on accumulation and perhaps even at a later stage they might sense that they have enough or more than enough and they don't really need to accumulate more bitcoin... and sure, it can take quite a bit of time to reach these different stages, and ongoing buying of bitcoin does tend to help them to make ongoing progress in terms of building up their bitcoin stash size.

We can call this the Bitcoin accumulation strategy regardless of the price. An investor can also buy a lump sum of Bitcoin with his cash funds. The strategy is to maintain a balanced buy even during price fluctuations while having a regular flow of income and DCA through discretionary income. If the strategies are to increase Bitcoin holdings some investors may aggressively DCA during bearish periods and increase their Bitcoin stash. You can take the opportunity to buy Bitcoin lump sum at a time when you have cash flow. Maintaining this flow can lead you bitcoin overaccumulation stage at a certain time.

You have said some important points. But keep in mind here is that DCA, dip buying, lump sum should not be mixed together. There is no rule that DCA has to be done at a fixed amount . This is the good side of DCA. DCA also is not a matter of investing depending on bitcoin price. It is a way of buying regularly. But if this buying rule includes dip buying or lump sum issues. Then there is a possibility of changing the mindset from DCA. Therefore, DCA should be the main base of investment. And dip buy or lump sum can be an experimental purpose . However, as you said, some extra cash can be invested  with  dip buy or lump sum. However, it is safer to invest in lump sum than buying in dip. Because  the thought of buying dip can changed investor mindset from dca to short time trading .

You make a lot of strange points @ruykeri.  Sure, DCA is the preferred strategy and tends to be more flexible for anyone to use in accordance with both the amount of discretionary income they have and also in terms of the strength of their cashflow management.

At the same time, anyone has the choice to incorportate lump sum and/or buying on the dips in order to supplement (or replace) DCA, even though ongoingly DCA still tends to be best.

Lump sum might not be available very often for folks who might not have high levels of discretionary funds and/or who do not have other investments.. Yet, at the same time, anyone could end up coming into a situation in which lump sum becomes an option, and surely it would seem to me that they are in a better position to informedly consider and exercise their options if they already have regular BTC buying in place and they already have been strengthening and/or maintaining their cashflow management systems (that includes back up funds).

Of course, if there is newness in the putting of BTC buying systems/practice in place, and also the early stages of strengthening cashflow management systems/practices, then sure there could be some experimenting that happen when lump sum comes available, yet it hardly makes any sense to be experimenting with buying the dip, since that sounds like trading and/or gambling, even though most of us should  recognize and/or appreciate that when we are planning to buy the dips, then such dips might not end up happening, so we may well put ourselves into a better situation if we, at least, do some preplanning regarding how much of a dip we will be buying how much, instead of just winging it... but yeah, guys can choose what they are doing and if they might be overly employing waiting strategies rather than ongoing buying of BTC strategies, and so they are ongoingly learning (to the extent that might be what you had meant when you suggested that "experimenting" might be part of what is happening with planning to buy dips that may or may not end up happening).

[Emjay24]

The DCA strategy is also very suitable and effective as long as you have a steady income which is the key point. Having a steady income allows you to develop automatic discipline because every time you receive your salary you already know how much you can set aside.

The key Point is having discretionary income available from your steady income,. That is what you use the invest into bitcoin and build out backup funds, without having funds remaining from you income after taking care of you expenses which is discretionary income,. You should not invest, else you are only gambling with bitcoin rather than investing into it.

How much you set aside depends on your expenses budget for the period of consideration, maybe monthly, it is not going to be fixed and expenses tend to increase or decrease within the specified period of inflow and this would affect our available discretionary income. When you remove the expenses budget from your main income, you can put divide the remainder into 3 and put 1 part, into buying bitcoin, the other part into building your emergency fund and the last part into your reserve fund.

[Derekfunds]

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.

It is important to understand that investing is never stressful for those who understand Bitcoin. Bitcoin investment is not difficult if you have the real desire, it is not very risky if you believe in its potential and hold it for the long term, you can easily collect Bitcoin through DCA strategy without stress if you have proper financial management, and if you have real faith then you can easily ignore the volatility and be stable in the long term and hold it consistently. the bitcoin investment is very easy to take with the right knowledge and research, but if we think about it wrongly then it is very difficult for us and even investing is very difficult, risky and impossible for us, so it depends on the mentality.

It is true that Bitcoin investment is easy but it's not as easy as you are talking about it because if it was that easy as you are saying about it by now everyone would have invested in Bitcoin. Bitcoin investment is not just about having the right knowledge or having the desire because there are people who has all these and yet they don't hold for long . No investment is risk free including Bitcoin investment that is why we should use our discretionary income ( leftover) to accumulate.

[Qhunman]

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.

[Charcol]

We can call this the Bitcoin accumulation strategy regardless of the price. An investor can also buy a lump sum of Bitcoin with his cash funds. The strategy is to maintain a balanced buy even during price fluctuations while having a regular flow of income and DCA through discretionary income. If the strategies are to increase Bitcoin holdings some investors may aggressively DCA during bearish periods and increase their Bitcoin stash. You can take the opportunity to buy Bitcoin lump sum at a time when you have cash flow. Maintaining this flow can lead you bitcoin overaccumulation stage at a certain time.

You have said some important points. But keep in mind here is that DCA, dip buying, lump sum should not be mixed together. There is no rule that DCA has to be done at a fixed amount . This is the good side of DCA. DCA also is not a matter of investing depending on bitcoin price. It is a way of buying regularly. But if this buying rule includes dip buying or lump sum issues. Then there is a possibility of changing the mindset from DCA.

It is not true that an investor following the DCA method cannot follow other methods. Rather, there are many investors who maintain DCA and do small opportunistic activities, such as making some additional investments when a large DIP comes. And I do not think that this destroys DCA, but rather the average purchase price can decrease further, as long as it is done by maintaining the discipline of DCA.

However, it is safer to invest in lump sum than buying in dip. Because  the thought of buying dip can changed investor mindset from dca to short time trading .

That's why the main difference is strategy, not discipline. If we specify in advance what percentage of our discretionary income is DCA and how much is extra allocation, then I don't think it will turn into trading. Because we are still trying to buy extra with our long-term plan in mind and understanding the financial cash flow.

[DubemIfedigbo001]

But keep in mind here is that DCA, dip buying, lump sum should not be mixed together. There is no rule that DCA has to be done at a fixed amount . This is the good side of DCA. DCA also is not a matter of investing depending on bitcoin price. It is a way of buying regularly. But if this buying rule includes dip buying or lump sum issues. Then there is a possibility of changing the mindset from DCA. Therefore, DCA should be the main base of investment. And dip buy or lump sum can be an experimental purpose . However, as you said, some extra cash can be invested  with  dip buy or lump sum. However, it is safer to invest in lump sum than buying in dip. Because  the thought of buying dip can changed investor mindset from dca to short time trading .

Of course it can be mixed together, an investor can be ongoing investing in Bitcoin with his regular discretionary income and 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.
Another scenario is when an investor decides to keep 10-20% of his buying amount saved over a long period of time with the intention of buying a dip when it presents itself, when the investor comes into a desired dip, they can deploy the already saved amount to lump sum on the dip, and this still has nothing with their periodic buys.

It's possible to mix them, but they shouldn't interfere with your regular DCA, mixing then can be an added advantage to the investor if he knows what he's doing, but I don't really advice a newbie to start wrapping his head around such flexibility but continue buying and holding until he's gone a bit ahead with his investment journey before he can entertain certain flexibilities in his DCA accumulation.

[Tongley]

But keep in mind here is that DCA, dip buying, lump sum should not be mixed together. There is no rule that DCA has to be done at a fixed amount . This is the good side of DCA. DCA also is not a matter of investing depending on bitcoin price. It is a way of buying regularly. But if this buying rule includes dip buying or lump sum issues. Then there is a possibility of changing the mindset from DCA. Therefore, DCA should be the main base of investment. And dip buy or lump sum can be an experimental purpose . However, as you said, some extra cash can be invested  with  dip buy or lump sum. However, it is safer to invest in lump sum than buying in dip. Because  the thought of buying dip can changed investor mindset from dca to short time trading .

Of course it can be mixed together, an investor can be ongoing investing in Bitcoin with his regular discretionary income and 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.
Another scenario is when an investor decides to keep 10-20% of his buying amount saved over a long period of time with the intention of buying a dip when it presents itself, when the investor comes into a desired dip, they can deploy the already saved amount to lump sum on the dip, and this still has nothing with their periodic buys.

It's possible to mix them, but they shouldn't interfere with your regular DCA, mixing then can be an added advantage to the investor if he knows what he's doing, but I don't really advice a newbie to start wrapping his head around such flexibility but continue buying and holding until he's gone a bit ahead with his investment journey before he can entertain certain flexibilities in his DCA accumulation.

Yes, this is definitely a good decision. If a person can manage his financial situation properly and distribute his financial situation properly, then he can take this decision. As you said, winning the lottery, it depends entirely on luck, so I cannot comment on this. But if a person gets the amount of discretionary income after spending the necessary money from his income source. From that, if he divides his discretionary income into several layers, then it will be good. For example,

Investment amount
Emergency fund
Reserve fund
Cash fund
Monthly or weekly extra expenses allowance

If we do not have extra expenses in a month or week, then we can keep that amount of money for buying DIP in the future or we can buy aggressively with that amount by combining it with DCA. But yes, if we get a lot of money from somewhere, then it is better to invest some amount along with DCA instead of waiting for the fall. Because the Bitcoin market is very unpredictable, it is never possible to say when it will happen in the market. If the price of Bitcoin increases while waiting for the fall, you may not be willing to buy or you will have to buy at a higher price. So it is better to continue buying continuously without looking at the price.

There is no condition that you have to create all three funds at the same time. You can create one by one, but it is better to create this emergency fund first.

[Emjay24]

There is no condition that you have to create all three funds at the same time. You can create one by one, but it is better to create this emergency fund first.

It is not a necessity to have your emergency fund created first before you start buying and holding bitcoin, neither would you stop after your initial purchases to create it first before continuing. The beauty of DCA is that both can coexist at the same time, that is the investor building out his backup fund and investing into bitcoin at the same time, you only need to manage your cashflow better and create some sort of balance to accommodate both. An investor can simply divide his discretionary income into 3 parts and invest one part into bitcoin, the second part into building of his emergency fund and the third part as reserve fund.

Emergency fund is created to shield your bitcoin portfolio from being tampered in case of emergencies, so if you are building it without investing into bitcoin, you are only stacking cash which would still be prone to depreciation, it is always a better option to put part of that cash into something of value by investing into bitcoin alongside building your backup funds.

[Joeboy]

It is true that Bitcoin investment is easy but it's not as easy as you are talking about it because if it was that easy as you are saying about it by now everyone would have invested in Bitcoin. Bitcoin investment is not just about having the right knowledge or having the desire because there are people who has all these and yet they don't hold for long . No investment is risk free including Bitcoin investment that is why we should use our discretionary income ( leftover) to accumulate.

Derekfunds you seem to be missing his point...Folks have their like and preferences, and so something could be very well simple, but that doesn't mean that everyone will have interest in it... And so, simplicity doesn't always result to participation...Starting Bitcoin is much more straightforward than you are making it out to be... All it takes to kickstarting your Bitcoin investment is just a basic knowledge about Bitcoin and then your discretionary income to begin.. And there aren't many investment out there that requires something as basic as this to start....

The real reason why folks keep shying away from Bitcoin or are unable to hold for long-term durations isn't coz of its complexity, it is rather because there are fearful due to misinformation and also coz they are yet to build their confidence and/or truee understanding in Bitcoin... Impatience and greed could also other reasons that holds most folks back from either kickstarting their accumulation journey or from HODLing for long-term duration...

There is no condition that you have to create all three funds at the same time. You can create one by one, but it is better to create this emergency fund first.

Tongley have you even been learning at all? As far as Bitcoin investment is concerned, what really is the point of first prioritizing an emergency fund when there is no asset to even protect in the first place... No doubt emergency funds is very important am not disputing that, but it shouldn't come at the expense of you delaying yourself from kickstarting your Bitcoin investment as soon as your discretionary income becomes available... Yet again there shouldn't always be a trade-off and so balance could still work.... And so if folks have the financial capacity to start investing + building their emergency funds immediately and alongside it then that could very much be an ideal approach...

[Sim_card]

From that, if he divides his discretionary income into several layers, then it will be good. For example,

Investment amount
Emergency fund
Reserve fund

You can only divide your discretionary income into three parts as a brand newiinvesto, which is 33.3% for your regular DCA, 33.3% for your emergency funds and the last 33.3% for your discretionary income. You don't need to divide your discretionary income into five parts as you put it above if not, it will affect your bitcoin portfolio growth.

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.

[sotelorene]

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.

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.

[Promocodeudo]

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?

[Bright0515]

We don’t have to fear to buy at any time, if the market goes down after we buy, we can still take the advantage of the dip to buy more, no on would ever regret buying before the market drop, unless the person is timing the market.the DCA method will reduce the risks, since you are not buying all at once, you buy gradually depending on your choice. Whether market fall or rise you will still buy.

You seem to be implying that money comes out of nowhere @SmartCharpa.  The only way that you can buy more on the dip, after you had already been buying, would be that you had held back some money, or perhaps if you are just referring to your regular buys (such as weekly), in which you end up buying when it dips (or if it dips).

For the fact that money doesn't just come out from nowhere should be enough reasons why investors must plan ahead of time by keeping some part of the money from their discretionary income aside so that they can use them to buy the dip. But if the investor doesn't have enough money to buy the dip then there's no harm in continuing with the regular amount for DCAing. I don't even see much interest in buying Bitcoin aggressively because at some point whereby there's a dip, there might be no other money remaining to buy anymore because money doesn't just pup's out from anywhere. And another thing most investors doesn't understand is that waiting for the dip is not also a wise move because there might not be any dip for a very long time and the chances of using the money is high (especially if it's someone who's not disciplined when it comes to spending).

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.

[Bigjoe33]

Yes, this is definitely a good decision. If a person can manage his financial situation properly and distribute his financial situation properly, then he can take this decision. As you said, winning the lottery, it depends entirely on luck, so I cannot comment on this. But if a person gets the amount of discretionary income after spending the necessary money from his income source. From that, if he divides his discretionary income into several layers, then it will be good. For example,

Investment amount
Emergency fund
Reserve fund
Cash fund
Monthly or weekly extra expenses allowance

If we do not have extra expenses in a month or week, then we can keep that amount of money for buying DIP in the future or we can buy aggressively with that amount by combining it with DCA. But yes, if we get a lot of money from somewhere, then it is better to invest some amount along with DCA instead of waiting for the fall. Because the Bitcoin market is very unpredictable, it is never possible to say when it will happen in the market. If the price of Bitcoin increases while waiting for the fall, you may not be willing to buy or you will have to buy at a higher price. So it is better to continue buying continuously without looking at the price.

There is no condition that you have to create all three funds at the same time. You can create one by one, but it is better to create this emergency fund first.

If we receive extra pay of cash gifts, we can lump sum right away or perhaps increase our weekly DCA buys immediately so you can increase your portfolio. Keeping such money and waiting for the Dip to buy isn't a right decision at all. There could be other things you would want to attend to, and you can handle them so long as they are basic necessities that needs to be handled, and then, if you priority still remains your investment, then it goes there. As we know, some might want to do a whole of clubbing and spending unnecessarily with such money, and that's why I said, it depends on your priorities.

Emergency funds is very much important, but setting of building it shouldn't stop someone from starting up there investment. For those who come into Bitcoin investment with there possessions from other investments or business or whatsoever, they can own emergency funds which they already built previously, and so, they can start up from such trademark. But a newbie to investment, who is still trying to figure out things newly shouldn't be struggling to build up emergency funds first before starting his investment. He can start investing if his discretionary income is ready, and then simultaneously build his emergency funds alongside

[justinlamode]

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.

[Ashawowo(OS)]

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?

[RockBell]

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.

And that is just one of the way that shows that we are going to be part of the bitcoin space because bitcoin have got so many interested and now the way it is DCA have help a lot of people build there portfolio better and the only way this can be accomplished is for youbto do DCA and this are the ways that can help people accumulate and with the way the awareness for bitcoin ia gaining more grounds we don't have options but for us to build something different and this is the only way we can be part of a new dimension of virtual investment, and am sure does that have invested in bitcoin don't longer have regret and money that are spend on things that don't have value should be spent on accumulating bitcoin and when you make profit then does things can come latter but first of all investment should come first.

[JayJuanGee]

The DCA strategy is also very suitable and effective as long as you have a steady income which is the key point. Having a steady income allows you to develop automatic discipline because every time you receive your salary you already know how much you can set aside.

The key Point is having discretionary income available from your steady income,. That is what you use the invest into bitcoin and build out backup funds, without having funds remaining from you income after taking care of you expenses which is discretionary income,. You should not invest, else you are only gambling with bitcoin rather than investing into it.

How much you set aside depends on your expenses budget for the period of consideration, maybe monthly, it is not going to be fixed and expenses tend to increase or decrease within the specified period of inflow and this would affect our available discretionary income. When you remove the expenses budget from your main income, you can put divide the remainder into 3 and put 1 part, into buying bitcoin, the other part into building your emergency fund and the last part into your reserve fund.

The three parts are: invest, save and discretionary consumption.   Save is all back up funds including emergency funds and reserve funds.  Guys need to understand that there is a difference between basic consumption and discretionary consumption, and almost everyone needs both... and of course, discretionary consumption can ONLY be done once the basic consumption (expenses) have been taken care of.  

Not all consumption is basic consumption, and surely some folks do not want to cut any of their consumption and/or to hold back on some of their expenses, yet there can be several ways in which certain kinds of consumption can include less expensive products - yet no one really wants to live like a hermit, either, if they do not have to.. and sometimes, better quality products might cost more money and be worth paying the extra amounts - including food that might be good quality versus other food that might not be nutritious and even damaging to health and/or energy.

Maybe, for example, a guy has a custom of going out to socialize, potentially to drink and sometimes to eat out and/or to take his spouse or significant other once a week, and perhaps some of that socializing and building of relations is a good thing for his own mental health, his future and maybe even sometimes helps him with his work (income) too.  

Sometimes guys might need to choose between public transportation, buying a car or motorcycle, and there can be different prices including both income earning but also time saving, but then there can be decently large expenses in owning certain kinds of transportation versus others whether used for convenience or used for greater income earning. Even sometimes buying a newer model versus an older model vehicle or a more powerful or less powerful can be durability and cost efficiency and dependability issues (in regards to maintenance).  

Sometimes there will ONLY be rough estimates that individuals do in regards to which expenses are necessary (basic) versus merely wanted or merely perks that may or may not be needed and sometimes such expenses can be deferred to be incurred and/or paid at later dates down the road, too.

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.

It is important to understand that investing is never stressful for those who understand Bitcoin. Bitcoin investment is not difficult if you have the real desire, it is not very risky if you believe in its potential and hold it for the long term, you can easily collect Bitcoin through DCA strategy without stress if you have proper financial management, and if you have real faith then you can easily ignore the volatility and be stable in the long term and hold it consistently. the bitcoin investment is very easy to take with the right knowledge and research, but if we think about it wrongly then it is very difficult for us and even investing is very difficult, risky and impossible for us, so it depends on the mentality.

It is true that Bitcoin investment is easy but it's not as easy as you are talking about it because if it was that easy as you are saying about it by now everyone would have invested in Bitcoin. Bitcoin investment is not just about having the right knowledge or having the desire because there are people who has all these and yet they don't hold for long . No investment is risk free including Bitcoin investment that is why we should use our discretionary income ( leftover) to accumulate.

Bitcoin investing is easy to the extent that an overwhelming majority of people (perhaps in the greater than 90% levels) have either the kinds of skills that are necessary or the ability to learn any of the skills by practice, yet without practice and/or trying, there would be so many ways to screw up and maybe a lot of the ways of screwing up relate to either not getting started and putting skills into practice and not recognizing the importance of practicing and ongoing learning in regards to both regularly buying bitcoin and simultaneously strengthening cashflow management systems/practice (including the building and maintaining of back up funds).

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.

I have a similar sense as you in regards to bitcoin investing, since many times (perhaps an overwhelming amount of times), there can be DCA investing into bitcoin that can be adjusted to the amount of study and/or comfort that a person has with bitcoin, so many folk may well be able to set up some kind of a DCA system, whether it is automatic or manually done that accommodates their level of comfort and their level of income.  Surely, non one should be trying to aggressively invest into bitcoin if they are not spending more time paying attention to their cashflows and potentially bitcoin too.. even though frequently, I argue that level of aggressiveness should tend to be tied to the strength of cashflows more than theories about bitcoin's short-to-medium price moves... and yeah, in the end, the extent to which individuals are organized and have good assessments of their 9 individual factors, that can also affect their comfort level in terms of how much time that they might be able to spend each week looking into bitcoin or merely just buying it (in the event that they happen to be very busy with other matters the consider to have high importance).

We surely cannot force other people in terms of their own assessments of what is important, so in that regard, each of us does have to come to an assessment of our priorities, including assessing whether or not to be involved in buying bitcoin, and if so how aggressive that we consider we are ready, willing and/or able to be in our bitcoin accumulation journey.

There is no condition that you have to create all three funds at the same time. You can create one by one, but it is better to create this emergency fund first.

It is not a necessity to have your emergency fund created first before you start buying and holding bitcoin, neither would you stop after your initial purchases to create it first before continuing. The beauty of DCA is that both can coexist at the same time, that is the investor building out his backup fund and investing into bitcoin at the same time, you only need to manage your cashflow better and create some sort of balance to accommodate both. An investor can simply divide his discretionary income into 3 parts and invest one part into bitcoin, the second part into building of his emergency fund and the third part as reserve fund.

Emergency fund is created to shield your bitcoin portfolio from being tampered in case of emergencies, so if you are building it without investing into bitcoin, you are only stacking cash which would still be prone to depreciation, it is always a better option to put part of that cash into something of value by investing into bitcoin alongside building your backup funds.

You make good points in your post, but you are repeating the same mistake of putting emergency funds and reserve funds into separate categories, when they are not.  They are both part of back up funds.  

Of course, in the context of bitcoin investing, emergency funds are meant to be the last line of defense prior to having to tap into bitcoin if they were to be depleted.. so there is a bit of urgency in terms of desires to either not tap into emergency funds unless absolutely necessary and to replenish them in a prompt way if they end up getting tapped into.  

Reserve funds tend to have more flexibility, since they are a higher level of back up funds that are in excess of emergency funds, and surely each of us needs to figure out based on our own situation, how much to keep as emergency funds and how much to keep as reserve funds, and at what points are they triggered including if their might be changes in our actual income and/or expenses or changes in our expectations of future income and/or expenses... and of course, there may be a decently large number of circumstances in which emergencies can be avoided and even dipping into emergency funds can be avoided in regards to how we manage the totality of our cashflows and other back up funds that we might purposefully choose to keep available - hopefully without overdoing it, since some folks will sometimes wrongly conclude that if some levels of back up funds is good, then more would be better.

There likely are thresholds in which it does not make sense to be holding so much value in both non-working capital yet also capital that we know to be ongoingly losing value... so we have to figure out a balance that makes sense to us, and surely in our earlier years of both building up our bitcoin investment and our back up funds, there may be times in which we are trying to figure out balances that both work for us, yet are realistic in term of addressing fluctuations in our cashflows (our income and/or expenses), so maybe prior to our getting involved in bitcoin, we had never been in a practice of holding a lot of back up funds, yet we come to realize when part of the purpose of our back up funds (serving additional purposes) is also to protect our bitcoin and maybe even some small amount of that money might have multiple purposes to reassign such money for buying the bitcoin price dip if it were to happen.  

So perhaps as we continue to build both our bitcoin stack size and our back up funds, we are figuring out some balance and the way we balance may well have good chances of being informed by both the increasing of our bitcoin stash but also if there might be some changes in our income and/or expenses and our better learning how to manage such income/expenses - that includes our own systems of recategorizing them in term of our own preferences as our preferences might change with time too... and surely, I personally think that signs of progress come when guys are ongoingly building and feeling that they have increasingly more options based on their having had invested in bitcoin and having had strengthened their cashflow management systems/practices.

From that, if he divides his discretionary income into several layers, then it will be good. For example,
Investment amount
Emergency fund
Reserve fund

You can only divide your discretionary income into three parts as a brand newiinvesto, which is 33.3% for your regular DCA, 33.3% for your emergency funds and the last 33.3% for your discretionary income consumption. You don't need to divide your discretionary income into five parts as you put it above if not, it will affect your bitcoin portfolio growth.

Fixed the above for you.

Sure.  It seems that Tongley's categories were overlapping, and he was just throwing out some buzzwords and not really understanding what he was talking about.

I don't have any problem in regards to your 33% for each of the categories as a starting point, since guys should be considering each of the 3 categories, yet in the end, they could have one or another category close to zero% or close to 100%, depending on their own personal preferences, whether they are considering what they are doing that week, or that month or maybe even if they might be trying to consistently apply some percentage over time, yet if they are becoming too extreme in their leaning on one of the three or another, then they might have difficulties being able to sustain such emphasis.. even though many of us recognize and appreciate that if we have already put a decent amount in our back up funds (emergency funds and/or any other back up funds (aka reserves), then we may well not need to add any more to such funds if they are sufficiently still serving their purposes and we are not dipping into them or depleting them.... yet at the same time, many of our lives are likely quite dynamic,

so even if we might continue to build up various back up funds, maybe at some point, our car breaks down or our computer is not working or we lose our phone, and then  we suddenly have an extra expense that we had not expected to have, so in that regard, we may well end up overly depleting aspects of our back up funds and getting put back into a position of several months having to build the back up funds back to our previous comfort level.  

Another thing that I continue to consider in regards to back up funds is that there may well be times in which guys continue to build their back up funds based on either the amount that they continue to put into bitcoin and/or the amount that their bitcoin might end up appreciating in value in the future, so they might consider it to be warranted that their back up funds starts to grow larger and larger, an perhaps start to get into the ballpark of 6 months of their expenses or even larger than 6 months of their expenses, which further causes them to want to put their backup funds into things that might relate to cash but are not cash..  so diversification can end up serving as an extension of back up funds once the back up funds starts to get to a size of being close to 6 months of expenses or greater than 6 months of expenses.

[NewRevelation]

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.

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