JJG’s Outline of Bitcoin Investment Ideas

[BluebloodCXVI]

Decision-making and discipline are among the problems people face in Bitcoin investment. It is not that they do not understand the importance of investing in Bitcoin, but the starting point is the main issue. The reason for this is that they don't believe they can invest in Bitcoin due to the pressing needs they have to meet. However, it is possible to invest in Bitcoin irrespective of everything by understanding that you only need to invest what you can afford.
The next step is to decide to start immediately. Never set a specific time to start, as this might lead to procrastination and the possibility of not investing in Bitcoin by the deadline you set for yourself. Decide now, start investing, and be disciplined in keeping your decision.

I know you’re trying to motivate people who want to invest in bitcoin but you seem to neglect some important realities , the idea that you can invest in bitcoin irrespective of everything is not always true, you need to realize that most people don’t just avoid investing because they have bad mindset or lack discipline, most times these people have legitimate financial constraints and in that kind of situation, telling someone to just start investing no matter what can be financially irresponsible and that’s why I think that investing in bitcoin should come after a basic level of stability and not before. you can’t just rush into bitcoin investing just to feel among ,you have to make sure your finances can be able to support consistency because consistency is actually what brings result. And secondly, saying a person should not set a specific time before starting actually contradicts how discipline works. People need to understand that discipline doesn’t stem from vague intentions alone ,it requires a clear structure because that’s what sustains it.

[alankasman]

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

Your statement is certainly very true and in my opinion your answer is one of the solutions we must implement. The main focus in any investment is always on our income. Without it it's certainly not a good path for those who want to invest. When investing financial position will be a benchmark for someone in their efforts to start. Ultimately whatever we do we still hope for personal success especially since the investments we make are long-term. In fact it is true what everyone says that money is currently one way to make all activities easier whether by investing or other things that bring benefits to our achievements that's why money is currently the main thing in saving us from the problems we experience.

[ultrloa]

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

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

Technically its really a good move if you can spot those dips. All of us want that to happen since many want to get good value on the money they are spending on Bitcoin, but in reality its hard to spot the dip. This is reason why we may not proceed to accumulate for waiting to much on that situation to happen, more waiting will cause more delays.

So to avoid getting lots of delays and speculative thoughts, they better accumulate whatever price currently reached by Bitcoin, seeing our balances grow is more uplifting than waiting for that dip they provably see some slow growth for choosing that actions.

[Rockson1]

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

Well said, you know when discreationary income is been made the subject of discussion some people think that it is needless to lay more emphasis on it but to me I think that is one of the things we should have in mind as investors when starting our Bitcoin investment, I agree with you that an invest may not make it through if such persons does not figure out their discreationary income sorry I have to borrow your exact word, having a stable is very good as an investor but knowing the left over from that your stable income is the amount that you are adviced and supposed to invest into your Bitcoin investment is much more better, every investor should practice this to avoid messing up their plans of achieving a long-term Bitcoin acumulation and hodling.

[Frankolala]

And secondly, saying a person should not set a specific time before starting actually contradicts how discipline works. People need to understand that discipline doesn’t stem from vague intentions alone ,it requires a clear structure because that’s what sustains it.

You don't need a special preparation to start your bitcoin investment because time isn't at your side. If you want to wait for the appropriate time to start, you might not be able to start early and you will keep on procrastinating till you lose interest in bitcoin. Provided you have a discretionary income and have the basic knowledge of bitcoin, you can start immediately and learn how to be disciplined on your weekly DCA.

We mustn't learn everything before getting started, you can get started, and practice how to be consistent after you have studied your own cash inflow and figured it out, you can learn financial management as your are investing and building your bitcoin portfolio. Being focused and serious about your bitcoin investment will bring discipline with time.

[Finebone]

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

Dip buying may look very smart since you are getting more unit of Bitcoin at a more cheaper price, but buying only the dip is not a good or logical choice because by doing so, you can not get to your over accumulation status faster, and you are going to miss a lot of buying opportunities that you would have taken advantage of, and add to your stash, since the dip you may be targeting may never come to pass.

On the aspect of keeping a few box of cash aside for dip buying, it's not a bad idea as long as it doesn't affect your weekly or monthly accumulation of Bitcoin, without looking at it price, because you can be keeping reserve funds for that purpose, but where the problem lies in dip buying is depending on it alone in order to build your stash of bitcoin, that's where it's wrong.

[Promocodeudo]

And secondly, saying a person should not set a specific time before starting actually contradicts how discipline works. People need to understand that discipline doesn’t stem from vague intentions alone ,it requires a clear structure because that’s what sustains it.

You don't need a special preparation to start your bitcoin investment because time isn't at your side. If you want to wait for the appropriate time to start, you might not be able to start early and you will keep on procrastinating till you lose interest in bitcoin. Provided you have a discretionary income and have the basic knowledge of bitcoin, you can start immediately and learn how to be disciplined on your weekly DCA.

We mustn't learn everything before getting started, you can get started, and practice how to be consistent after you have studied your own cash inflow and figured it out, you can learn financial management as your are investing and building your bitcoin portfolio. Being focused and serious about your bitcoin investment will bring discipline with time.

May be @BluebloodCXVI doesn't know that learning continues immediately an investor start investing, being an active investor graduates you to another level and no one will call himself a Bitcoiner when they have no fraction of Bitcoin in their portfolio won't that be called self deceit, whats the need for people to make things complex for themselves when they know that they knowledge that's required at first has also been basic, let me add to what you said @Frankolala, the time we keep waiting to learn everything at the end learning those things that may finally put us in the state of making some decisions that might not encourage our plan to continue with Bitcoin investment would've been channelled into starting up gradually, this has been said over and over again, it time for most of us to learn.

[Rockstarguy]

I know you’re trying to motivate people who want to invest in bitcoin but you seem to neglect some important realities , the idea that you can invest in bitcoin irrespective of everything is not always true, you need to realize that most people don’t just avoid investing because they have bad mindset or lack discipline, most times these people have legitimate financial constraints and in that kind of situation, telling someone to just start investing no matter what can be financially irresponsible and that’s why I think that investing in bitcoin should come after a basic level of stability and not before.

For sure there will be financial challenges. If I should ask, do you intend to be in a financial challenge forever? I'm sure there is always an end to challenges like this, and in times like this, it can be difficult for one to invest or to do it consistently. But when you are out of these difficulties, you can always invest, even if you are a low earner. Investing can be possible if you plan your income very well. People who invest do so not because they have more than enough or because they don't experience any challenges, but because they plan their income and invest the amount they can afford. Investing in Bitcoin is never a big deal, except if you want to do it in a big way that you can't afford.

you can’t just rush into bitcoin investing just to feel among ,you have to make sure your finances can be able to support consistency because consistency is actually what brings result. And secondly, saying a person should not set a specific time before starting actually contradicts how discipline works. People need to understand that discipline doesn’t stem from vague intentions alone ,it requires a clear structure because that’s what sustains it.

You don't need to rush; it's all about planning, and you don't need to invest the way others do because everyone is not financially the same. Instead, you should invest according to your financial strength.

[SmartCharpa]

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

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

I agree, if people always think this way before they start investing, I don’t think they will ever invest, because time will keep moving, time doesn’t wait for anyone, we can just start from anywhere with the little we have to invest, and you don’t need to have huge amount of money or when the market drops before you can buy. The best thing is to decide what we can do now and invest wisely, every investor you see today started somewhere and they didn’t start with a huge amount of money, they also started gradually and grow their holdings. As long as you stick to your plan, start with the little you have now and stay focused on your goal.

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.

Sure, the DCA doesn’t require a steady income before you can use it, you can use DCA with the money you have left after taking care of your other needs, that is discretionary income, money you have left over and you can use it to do whatever you want without affecting your financial situation. The DCA is also about investing consistently what you can afford to lose in an investment, and without having a steady income you can still grow your investment gradually over time.

[Ryu_Ar1]

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.

Why not? As long as we have money that we can spend then there is no problem for that for me because it can actually make us get more bitcoin.
In conditions I think it's okay even if we make purchases with the DCA method but want to try other purchases (when we have money ready to spend) then it does not become a mistake and will not damage the DCA scheme that we do.
We do DCA as the focus of the method that we run but if we do a buy dip or lump sum I think it will only be considered as an additional opportunity that we have provided that it does not interfere with whatever you have planned and we have money that we are ready to spend.

Therefore, DCA should be the main base of investment. And dip buy or lump sum can be an experimental purpose .

I don't think this can be said to be correct because DCA does not have to be the only basis for investment but indeed when talking about recommendations especially for beginners or long-term investors then this is a very worth it thing to do.

[Gost ms]

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.

If a person buys through the DCA method and the opportunity to buy DIP arises and if the continuity of their investment is not lost, then they can buy DIP. You just have to remember one thing, whether you have bought continuously following the DCA method or not, is there a barrier between this purchase or not. When you cannot keep the purchase continuous under the DCA method while buying DIP, then parallel purchase will not be good for you. We need to consider buying DIP along with DCA as an additional bonus. If a real investor has the money to buy aggressively, then he will definitely use this opportunity.

If a person buys through the DCA method, if he adopts any other purchase method and if he buys as a long-term investment, then his long-term mentality will never change. When we get involved in trading, our mentality may change. If we are involved in long-term investment, then we may never fall victim to such a situation.

[Itz-prisigold]

I know you’re trying to motivate people who want to invest in bitcoin but you seem to neglect some important realities , the idea that you can invest in bitcoin irrespective of everything is not always true, you need to realize that most people don’t just avoid investing because they have bad mindset or lack discipline, most times these people have legitimate financial constraints and in that kind of situation, telling someone to just start investing no matter what can be financially irresponsible and that’s why I think that investing in bitcoin should come after a basic level of stability and not before. you can’t just rush into bitcoin investing just to feel among ,you have to make sure your finances can be able to support consistency because consistency is actually what brings result. And secondly, saying a person should not set a specific time before starting actually contradicts how discipline works. People need to understand that discipline doesn’t stem from vague intentions alone ,it requires a clear structure because that’s what sustains it.

I don't just know why people like overcomplicating things that are actually very simple. How can you say that a person need to reach some level of financial stability before he or she can start investing in Bitcoin,  that actually sound good in theory, but in reality that will only create delays and unnecessary excuses. I don't really think there is a clear point where someone can suddenly become stable enough,  and if you are part of those people that is still waiting to get to that point,  then you might never start at all.

Bitcoin accumulation was never designed for some kind of perfect conditions,  Bitcoin is actually designed to work with whatever you have. Once you have covered all your necessary expenses,  even with a small leftover can be used to accumulate Bitcoin. You don't have to be investing a fixed amount and it still does not require ideal circumstances.  The most important thing is that you are building the habit of consistent accumulation and not just waiting for a perfect setup.

You also said discipline needs structure,  but I don't think discipline is all about setting a start date alone. See someone can pick a date to start something and still not follow through. A real discipline is consistent action,  even if the amount is small and not you planning when things should start.

[Joeboy]

~snip

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

Here are what to consider before asserting that Buying the Dip is a smart move:

Considering the volatile nature of Bitcoin, proper identification of dips isn't always easy as you think/or make it out to be and that's coz what may seem like a dip today may even drop even further tomorrow... Another thing to note is that buying the dip can lead to waiting and timing the market just to identify the perfect dip and this very action could very well slow down and /or prevent folks from even kickstarting their Bitcoin journey... And so if you are still building your portfolio/ or you haven't even started yet, then buying the dips shouldn't be your main buying strategy.... A much more better strategy for folks who are still in their accumulation phase is the DCA approach since it very well allows folks to accumulate without having to time the market or wait for drop in price...

[BluebloodCXVI]

I know you’re trying to motivate people who want to invest in bitcoin but you seem to neglect some important realities , the idea that you can invest in bitcoin irrespective of everything is not always true, you need to realize that most people don’t just avoid investing because they have bad mindset or lack discipline, most times these people have legitimate financial constraints and in that kind of situation, telling someone to just start investing no matter what can be financially irresponsible and that’s why I think that investing in bitcoin should come after a basic level of stability and not before. you can’t just rush into bitcoin investing just to feel among ,you have to make sure your finances can be able to support consistency because consistency is actually what brings result. And secondly, saying a person should not set a specific time before starting actually contradicts how discipline works. People need to understand that discipline doesn’t stem from vague intentions alone ,it requires a clear structure because that’s what sustains it.

I don't just know why people like overcomplicating things that are actually very simple. How can you say that a person need to reach some level of financial stability before he or she can start investing in Bitcoin,  that actually sound good in theory, but in reality that will only create delays and unnecessary excuses. I don't really think there is a clear point where someone can suddenly become stable enough,  and if you are part of those people that is still waiting to get to that point,  then you might never start at all.

Bitcoin accumulation was never designed for some kind of perfect conditions,  Bitcoin is actually designed to work with whatever you have. Once you have covered all your necessary expenses,  even with a small leftover can be used to accumulate Bitcoin. You don't have to be investing a fixed amount and it still does not require ideal circumstances.  The most important thing is that you are building the habit of consistent accumulation and not just waiting for a perfect setup.

You also said discipline needs structure,  but I don't think discipline is all about setting a start date alone. See someone can pick a date to start something and still not follow through. A real discipline is consistent action,  even if the amount is small and not you planning when things should start.

Maybe if you had taken your time to read and understand my point of view, you would see some sense in what I’m saying, telling people that they don’t need even the littlest bit of financial stability before investing in bitcoin is very unrealistic and you may be pushing them to take risk that they may not be able to handle later on, because you can’t expect someone that is struggling to cover their own basic expenses or doesn’t even have an emergency buffer to be investing in bitcoin, because when tough situations arise, that investment will definitely be forced out at a loss just to meet urgent needs, to me I don’t think that’s discipline, that person is just putting themselves in a financially vulnerable position.financial stability isn’t about perfection ,it’s about having a basic structure, controlled expense and at least a minimal safety net because without that ,investing can actually slow a person down financially rather than help them grow. And you talked about building a habit of consistent accumulation,I’m not disputing that fact but the truth still remains that consistency without structure often fails. Consistency is a habit and habits don’t just appear out of the blues, they are maintained by how your environment and routines are set up so therefore consistency is easier to maintain when there is a system to support it. so even though bitcoin allows flexibile accumulation, it should not be allowed to replace a person’s financial priorities otherwise they would be building their investment habit on an unstable foundation and there’s a high chance that it will backfire at them.

[Abbatty]

~snip

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

Here are what to consider before asserting that Buying the Dip is a smart move:

Considering the volatile nature of Bitcoin, proper identification of dips isn't always easy as you think/or make it out to be and that's coz what may seem like a dip today may even drop even further tomorrow... Another thing to note is that buying the dip can lead to waiting and timing the market just to identify the perfect dip and this very action could very well slow down and /or prevent folks from even kickstarting their Bitcoin journey... And so if you are still building your portfolio/ or you haven't even started yet, then buying the dips shouldn't be your main buying strategy.... A much more better strategy for folks who are still in their accumulation phase is the DCA approach since it very well allows folks to accumulate without having to time the market or wait for drop in price...

Well said mate, the problem with buying the Dip is that you might keep Waiting for more Dip and that might put a very big delay in stating your bitcoin investment. We have seen the DCA strategy proven to be the best when it comes to investing in bitcoin.

For newbies and even people who are into bitcoin investment you see that using the DCA strategy is very easy and doesn’t require them to put in more than they can afford to lose.

[Moreno233]

Technically its really a good move if you can spot those dips. All of us want that to happen since many want to get good value on the money they are spending on Bitcoin, but in reality its hard to spot the dip. This is reason why we may not proceed to accumulate for waiting to much on that situation to happen, more waiting will cause more delays.

So to avoid getting lots of delays and speculative thoughts, they better accumulate whatever price currently reached by Bitcoin, seeing our balances grow is more uplifting than waiting for that dip they provably see some slow growth for choosing that actions.

Waiting for dips to happen before buying is a bad practice because it can cause delays like you rightly said but while we are investing through a continuous process like the DCA and perhaps, the dip happens and we are able to spot it, then we can activate the reserve fund to be more aggressive in the accumulation process during such period. This now lead to the hybrid method of investing through the DCA method together with buying the dips, a method I consider effective for people who wants to achieve their target faster.

[JayJuanGee]

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

Buying in dip is a smart move , accumulating Bitcoin more on a lower price is also a good approach in investment journey,

For newbies, no coiners or low coiners buying the dip is an inferior approach as compared with DCA and/or lump sum that involves consistent, persistent, regular, ongoing and perhaps even aggressive buying.

If you try to fuck around with dips, then you are making trade offs that might not be worth it, yet if a person had done some kind of front loading or even lump sum investing, it may be good to hold back some of the value for buying on the dip as a way to supplement if the BTC price ends up going down after the relatively large purchase at a certain price level.

There also can be other ways that buying the dip could supplement ongoing and regular DCA buying, even though there are trade offs when some money is held back (perhaps up to 20% of the DCA amount) for buying dips that might not end up happening.

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

DCA is superior to buying the dip (and/or other waiting strategies) especially for no coiners or those who consider themselves to be low coiners.

It can surely take a long time to build up a decent sized BTC stash from the discretionary funds that come from ongoing income, unless a person might have some other investments and/or sources of funds in which reallocation in to bitcoin could end up happening.

Surely guys could come to bitcoin with a combination of lump sum, DCA, buying on dip, and surely try to figure out what level of budget that they might have in the coming 6 months, 12 months, 2 years, etc etc.. in order to consider how they might plan to carry out their initial strategies to establish their initial bitcoin stake.  They would also need to be building and/or strengthening their cashflow management systems/practices in order to account for their bitcoin investment and likely paying attention and studying the extent to which they might need to make adjustment to their strategies a they go.

About a year into my own bitcoin investment journey (in late 2014), i started to contemplate the extent to which I might want to reallocate some of my retirement funds (401k) into bitcoin, yet after a decent amount of consideration, I came to the conclusion that I had been placeing enough value into bitcoin, and I considered that there woudl be some value in keeping some of my investment portfolio diversified into other (non-BTC) assets.

[edited out]

Maybe if you had taken your time to read and understand my point of view, you would see some sense in what I’m saying, telling people that they don’t need even the littlest bit of financial stability before investing in bitcoin is very unrealistic and you may be pushing them to take risk that they may not be able to handle later on,

Get the fuck out of here. You are tending to repeat similar points, and you are not even making good points.

Have you read the OP for this thread?  This thread is about my ideas in investing, and yeah, I understand that in recent times there has developed quite a bit of clutter and even posters who seem to be challenged in terms of relating any of their ideas to the thread.. to the extent that you might be a real person rather than a bot.

Maybe you should tell a bit about yourself and your bitcoin journey up until now, and yeah, if you are still in the waiting territory or maybe if you are not even talking about investing or planning on investing yourself, then your theoretical posts on the topic might not be either helpful or relevant in this thread.

because you can’t expect someone that is struggling to cover their own basic expenses or doesn’t even have an emergency buffer to be investing in bitcoin, because when tough situations arise, that investment will definitely be forced out at a loss just to meet urgent needs, to me I don’t think that’s discipline, that person is just putting themselves in a financially vulnerable position.financial stability isn’t about perfection ,it’s about having a basic structure, controlled expense and at least a minimal safety net because without that ,investing can actually slow a person down financially rather than help them grow.

Ultimately, each person has to decide how much safety net that they need, and surely when a person comes to bitcoin, they may well already have a practice of either having some cash cushion or alternatively they have no cash cushion and they are starting from zero cash cushion.  And, an even worse case scenario, they may have all kinds of debt and disorganization in their cashflow management that they are having difficulties determining the extent to which they have any discretionary funds.

I frequently suggest that getting started remains quite important, since it can take some time to just get biutcoin buying systems in place and to figure out from where bitcoin are going to be sourced, yet at the same time, I also tend to suggest that as long as a newbie has assessed that they have discretionary funds, then they can get started investing in bitcoin and building up their back up funds at the same time that they build up their bitcoin investment.. .. .. yet I would not be suggesting that anyone who cannot figure out whether he has discretionary funds  get started in bitcoin, so there is a need for a determination coming from the person in regards to the actual existence of discretionary funds, and yeah, if they fuck up in their calculations, then that loss is on them, and they better get smarter and/or better at math.

Getting started is important, having discretionary funds is important, building back up at the same time as the bitcoin investment is acceptable, and if they fuck up, it is their fault. Everyone needs to take responsibility in his determinations in regards to how much discretionary funds they have and whether it is enough to get started buying bitcoin.

And you talked about building a habit of consistent accumulation,I’m not disputing that fact but the truth still remains that consistency without structure often fails. Consistency is a habit and habits don’t just appear out of the blues,

Even though consistency is preferable, it is not necessary to be consistent in order to get started buying bitcoin and/or to DCA whenever funds are available.  Guys can figure out for themselves the extent to which they are aggressive or whimpy or the extent to which they are consistent or not.  Sure, of course, there are consequences with choices, and each person bears the consequences of his whimpy/versus aggressive choices.

they are maintained by how your environment and routines are set up so therefore consistency is easier to maintain when there is a system to support it. so even though bitcoin allows flexibile accumulation, it should not be allowed to replace a person’s financial priorities otherwise they would be building their investment habit on an unstable foundation and there’s a high chance that it will backfire at them.

Individuals choose their priorities.  No one here should be creating priorities for anyone else.  

I frequently suggest that guys should invest as aggressively as they are able to into bitcoin without over doing it, yet each person has to figure out the difference between aggressive and overaggressive and ultimately the level of aggressiveness that they choose is up to them.

What about you, BluebloodCXVI?  You are registered here for 6 days and you want to proclaim yourself a bitcoin investing expert? Have you started buying bitcoin yet?

Are you a person or a bot?  Do you have a bitcoin investing story beyond striving to be a wannabe lecturer of members here?

Technically its really a good move if you can spot those dips. All of us want that to happen since many want to get good value on the money they are spending on Bitcoin, but in reality its hard to spot the dip. This is reason why we may not proceed to accumulate for waiting to much on that situation to happen, more waiting will cause more delays.

So to avoid getting lots of delays and speculative thoughts, they better accumulate whatever price currently reached by Bitcoin, seeing our balances grow is more uplifting than waiting for that dip they provably see some slow growth for choosing that actions.

Waiting for dips to happen before buying is a bad practice because it can cause delays like you rightly said but while we are investing through a continuous process like the DCA and perhaps, the dip happens and we are able to spot it, then we can activate the reserve fund to be more aggressive in the accumulation process during such period. This now lead to the hybrid method of investing through the DCA method together with buying the dips, a method I consider effective for people who wants to achieve their target faster.

I don't recommend changing aggressiveness in buying based on changes in the bitcoin price, even though guys can put systems in place in which they might hold back some funds for buying dips that may or may not end up happening.  Many times the aggressiveness of the strategy should relate to the strength of the cashflow management systems that are in place rather than to changes in the BTC price.. even though surely there could be times when extra funds might come available during dip periods, so then there would be determinations in regards to how to allocate such funds, including buying right away, DCA and/or buying dips.. .Of course, if a person chooses not to invest there might be discretionary consumption and/or back up funds that are put in place or bolstered based on such receipt of extra funds that might come available from time to time (including during dippening periods).

[Umulala-alala]

~snip

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

Here are what to consider before asserting that Buying the Dip is a smart move:

Considering the volatile nature of Bitcoin, proper identification of dips isn't always easy as you think/or make it out to be and that's coz what may seem like a dip today may even drop even further tomorrow... Another thing to note is that buying the dip can lead to waiting and timing the market just to identify the perfect dip and this very action could very well slow down and /or prevent folks from even kickstarting their Bitcoin journey... And so if you are still building your portfolio/ or you haven't even started yet, then buying the dips shouldn't be your main buying strategy.... A much more better strategy for folks who are still in their accumulation phase is the DCA approach since it very well allows folks to accumulate without having to time the market or wait for drop in price...

Well said mate, the problem with buying the Dip is that you might keep Waiting for more Dip and that might put a very big delay in stating your bitcoin investment. We have seen the DCA strategy proven to be the best when it comes to investing in bitcoin.

For newbies and even people who are into bitcoin investment you see that using the DCA strategy is very easy and doesn’t require them to put in more than they can afford to lose.

We can buy the dip when it occur if we are consistently buying with the dca strategy this is why using the dca strategy is always recommended for all investors, waiting for dip before buying is a waste of buying time strategy an investor waiting for dip can wait for several months without buying because he may not see his expected dip price and one thing about waiting for dip is that the more the price continue to dip the more they keep postponeing it till they finally miss out not buying any BTC. The dca strategy enable investor buy at any price without waiting for a specific price entry.

[liuka]

Waiting for dips to happen before buying is a bad practice because it can cause delays like you rightly said but while we are investing through a continuous process like the DCA and perhaps, the dip happens and we are able to spot it, then we can activate the reserve fund to be more aggressive in the accumulation process during such period. This now lead to the hybrid method of investing through the DCA method together with buying the dips, a method I consider effective for people who wants to achieve their target faster.

The waiting category isn't actually that bad for those who already own a lot of BTC. If they already have a lot of BTC, They tend to wait for a low price to buy. However, If we a beginner, it might be better to buy now than to wait. If we still in the Bitcoin accumulation stage, the price isn't a problem because we continuing to buy using a DCA strategy.

Sometimes small mistakes can ruin an investment, Such as frequently waiting and delaying purchases while others continue to Buy and accumulate bitcoin. We must be able to manage our way to consistently buy Bitcoin and ignore negative things happening now, Such as Fud and other events that make us Inconsistent.

[adultcrypto]

The waiting category isn't actually that bad for those who already own a lot of BTC. If they already have a lot of BTC, They tend to wait for a low price to buy. However, If we a beginner, it might be better to buy now than to wait. If we still in the Bitcoin accumulation stage, the price isn't a problem because we continuing to buy using a DCA strategy.

Even though you own a lot of bitcoin, as long as you have not reached your accumulation target, there is no need of waiting for dips before buying. It is better to continue buying until you have met your objectives because if you purse, there are chances the dip may not happen as there is no guarantee for that. In addition, the more you keep your money idly in fiat waiting for the dips, the more temptation you expose the money to because it can easily be used for something you did not plan for.