JJG’s Outline of Bitcoin Investment Ideas

[Brizi5000]

All strategies are good for investing in Bitcoin especially for the long term. But the DCA strategy will at least train you in patience and discipline, as it's one of the most friendly strategies for any investor looking to maintain emotional stability. DCA helps you control your emotions, avoid extreme market volatility and maintain long term consistency.

So as you said, every strategy ultimately depends on how we implement it, including how we manage it. But the DCA strategy is the only strategy that can easily help us achieve long term success because it excels in many aspects, especially in maintaining our psychology and discipline.

You made strong points about how DCA helps to improve patience and discipline because of how it helps remove decision making pressure and impulsive actions. and I totally agree with them but where I don’t agree with you is the part where you said it’s the only strategy that can help an investor achieve long term success,I don’t think that’s an accurate statement.
The truth is that, having good success in your investment isn’t only about having the perfect strategy rather it’s about being consistent with any strategy you choose to adopt and remaining invested through any market ups and downs.
So yeah DCA isn’t the only strategy that can lead to success, it’s just one of the easier ways to build good investing habits and staying steady in a volatile market.

personally i see the buying the dip strategy as a waste of time and for someone whose major strategy is to buy during dips, success will be far fetch for such investor because in this strategy it have the tendency of making you to wait for years without still buying bitcoin all because you are searching and waiting for that your desired dip and you know fully well that bitcoin is highly volatile and the dip may or may not happen as you would desired. how do you intend to remain consistent in buying  bitcoin and hold when your major strategy is to wait until its dip before you can buy bitcoin, there will be no consistency in it because you are not sure of when the dip will happen or not and even if it happens what is the possibility that itvwill fall to that your desired dip to enable you start buying bitcoin and invest. it is advisable that investors especially newbies focus on buying bitcoin regularly with the dca method which will enable them to buy bitcoin at any market price and hold when they have a discretionary income so that they can get to their accumulation target or even over accumulation. the perfect strategy is dca which will promote the consistency needed in the investment.

[Bright0515]

When you invest outside of your discretionary income you are likely substituting one of your basic needs for bitcoin and that for sure is a bad financial decision because majority of persons who take this route might end up withdrawing their bitcoin to meet up their basic needs when it becomes really tough to cope. So yeah taking decisions like that is actually gambling and a No for anyone interested in long-term investment.

It is never a wise choice to invest from the money that's ment for our survival because if we do there's a higher chance that we will have to sell from the little Bitcoin we have starched already. Investing from our discretionary income helps us to promote financial discipline because we only invest with money from our discretionary income but anything outside investing from our discretionary income will result to failure because it will not help us achieve a long term growth.
As we all know, if we invest into Bitcoin with our survival money there will eventually be a moment whereby we will stat feeling so emotional mostly when the market is going down, but truth be told that if we do it responsibly through our discretionary income we won't feel emotional at all.

However, it's obvious that any investor that has long term plans and is also using the DCA'ing strategy to buy Bitcoin through his discretionary income already know what they are doing, only those set of investors without common sense will invest all their money in Bitcoin, why I said that is because if they have they won't start buying Bitcoin with money ment for their survival. The reason why it's not good to buy Bitcoin with your survival money is because at any moment the market might go down and you will probably feel emotional and it might also trigger you to sell, or if an emergency happens you will be forced to sell your Bitcoin to sort them out.
From what I have seen so far, those investors that sell their Bitcoin when the price start going down, sell their Bitcoin because they have no other choice as they invest outside their discretionary income.

personally i see the buying the dip strategy as a waste of time and for someone whose major strategy is to buy during dips,

The same way someone who's DCA'ing either daily, weekly or monthly can lump sum whenever they receive an unexpected payment from their business/job or whenever they have excessive money, I don't see any reason why someone who's DCA'ing in Bitcoin wouldn't buy the dip if they have excessive spare money. So you see buying dip is bad, it's not just advisable to wait for it just as the second bold part of your comment says.

[JayJuanGee]

Bitcon also involves risks, and the DCA reduces risk which is why it is encouraged to invest gradually, if you believe it future can be better than where we are now.

DCA is an accumulation strategy that enables a low income earner to grow his bitcoin portfolio overtime with his little amount of discretionary income to a size that he wouldn't have been able to accumulate at once because it gives you the opportunity to buy bitcoin at various price levels.

However, I don't think that DCA reduces the risk in bitcoin investment. Investing in a long-term with your discretionary income and setting up various backup funds are what reduces the risk attached to bitcoin investment. If you DCA with money that isn't your discretionary income or you did not set up your backup funds as you are investing. You are gambling.

Why do you consider him a gambler, I don't consider him a gambler if the situation is like that, it's just that he's taking too much risk here, he doesn't have risk control in investment speak which makes his investment unsafe, but he's not a gambler.
 
It will still be a form of investment not gambling, because basically investment and gambling are different even if you invest without having a reserve fund, just this kind of investment is not recommended because you force yourself to invest beyond your ability to be an investor, because it is better to invest should have a reserve fund and a discretionary fund as a safe way to handle the risk of fluctuations and DCA as a complement.

A person could engage in DCA investing, invest within his discretionary funds, and also he could have decently good sized back up funds and still end up being engaging in gambling based on ways that he might be choosing to take risk in ways that potentially blow up upon him.

Each guy is responsible to make sure that he is not crossing any boundaries based on his own knowledge and assessment of his situation, even though surely some times there can be emergency situations that end up happening that were beyond his abilities to adequately anticipate (and/or protect himself).

All strategies are good for investing in Bitcoin especially for the long term. But the DCA strategy will at least train you in patience and discipline, as it's one of the most friendly strategies for any investor looking to maintain emotional stability. DCA helps you control your emotions, avoid extreme market volatility and maintain long term consistency.

So as you said, every strategy ultimately depends on how we implement it, including how we manage it. But the DCA strategy is the only strategy that can easily help us achieve long term success because it excels in many aspects, especially in maintaining our psychology and discipline.

You made strong points about how DCA helps to improve patience and discipline because of how it helps remove decision making pressure and impulsive actions. and I totally agree with them but where I don’t agree with you is the part where you said it’s the only strategy that can help an investor achieve long term success,I don’t think that’s an accurate statement.
The truth is that, having good success in your investment isn’t only about having the perfect strategy rather it’s about being consistent with any strategy you choose to adopt and remaining invested through any market ups and downs.
So yeah DCA isn’t the only strategy that can lead to success, it’s just one of the easier ways to build good investing habits and staying steady in a volatile market.

You are largely correct here @BluebloodCXVI in regards to implying that there could be circumstances in which either of the other buying strategies of lump sum and/or buying the dip might work out to be a better strategy for a specific set of circumstances that an investor might find himself, even if he might be in his earliest stages of bitcoin accumulation.

So, even though DCA might be the best and the most flexible of strategies that work for almost everyone, it becomes problematic to suggest that DCA is the best strategy in all circumstances, without accounting for some individual circumstances that might both justify the use of one or more of the other strategies, and also that guys invest into bitcoin in accordance with their own circumstances, which we cannot presume that everyone has the same (or similar enough) circumstances to justify that DCA is the best approach in every single situation.. and I can even think about circumstances in which it is preferable to at least consider the other two strategies, and that is when a lump sum comes available. In those circumstances it tends to be best to at least consider the other two strategies, even if the person might still end up gravitating towards some form of DCA.

[edited out]

There is no need to wait to know everything to start investing in Bitcoin. However, one should not start without the very basic concepts. It is necessary to know the basic concepts of how it works, market conditions and risk, and how to hold it in the long term.

That is bullshit.  A beginner does not need to know any of those supposed "basic" things prior to getting started investing in bitcoin.  The beginner only needs to know that he has discretionary funds available and he can get started and he can figure out the rest later.

Let's say for example, a guy in his mid-30s makes around $30k per year and perhaps he had already been investing in non-bitcoin investments $100 per week for the past 10-ish years, and so his investment portfolio is around $45k in value, and perhaps he has back up funds that are somewhere in the ballpark of 4 months of his expenses.  He just had a phone call from a good buddy from his youth, and his buddy told him about bitcoin, and his buddy said that it would be good for him to start buying bitcoin as soon as possible.  Perhaps the buddy also told him from where he should open an account and start to buy bitcoin and that he should also look into the bitcoin matter further.  So then the newbie bitcoiner decides to follow his friend's recommendation and he assesses his cashflow situation, and he decides to get started right away with buying $30 per week of bitcoin, and to dedicate 2 hours per week (starting next week or perhaps within the next few weeks) into researching into the matter, yet the ONLY thing that he is going to do is to just start to buy $30 per week and he will look further into the bitcoin matter once he has more time and he tentatively plans to spend around 2 hours per week, once he has time come available in the coming weeks.

What is wrong with getting started investing in bitcoin and figuring out the details later?

It is reasonable to start with the DCA method. It allows you to buy small amounts regularly and does not have to be stressed about market timing, due to which an investor's emotions are less affected. However, starting with the DCA method does not guarantee profit. Success here depends on one's own consistency, financial and risk management, and patience. Waiting until you gain full knowledge delays investment. Therefore, it is reasonable to start with small amounts by gaining knowledge about the basics of investment, thus paving the way for practical learning.

There is nothing wrong with this portion of your post.

[edited out]

In as much as bitcoin has vast advantage over the fiat currency and other types of asset we still can't deny the fact that profit isn't guaranteed in bitcoin. Having this knowledge it would be best to take precautionary measures like investing only from your discretionary income so your bitcoin investment doesn't affect other important part of your life financially.

Even if a person chooses to invest whimpily into bitcoin, it is still going to affect him financially since he is purposefully choosing to take money out of his discretionary funds and to lock it up for 4-10 years or longer, so he won't be able to use that money for discretionary consumption or to otherwise save that money in cash, since he is purposefully choosing to put it into bitcoin.

Even though I think that I understand what you mean, it still does not make sense to proclaim that any amount put into bitcoin is not going to negatively affect guys in terms of other possible uses of that money (instead of putting it into bitcoin).

When you invest outside of your discretionary income you are likely substituting one of your basic needs for bitcoin and that for sure is a bad financial decision because majority of persons who take this route might end up withdrawing their bitcoin to meet up their basic needs when it becomes really tough to cope. So yeah taking decisions like that is actually gambling and a No for anyone interested in long-term investment.

For sure investing into bitcoin beyond discretionary income is a low hanging fruit claim that we can say that guys should not do... even though there are other ways, also, that guys can go beyond what they should do, and they are still investing into bitcoin from within their discretionary income.

the perfect strategy is dca which will promote the consistency needed in the investment.

It continues to be problematic for guys to be proclaiming that DCA is a perfect strategy and/or to even be implying that the other strategies should not be considered, even if it is true that DCA has a lot of abilities to be fit to circumstances that apply to almost everyone and anyone as long as they have discretionary funds.

[cyberninja2]

A person could engage in DCA investing, invest within his discretionary funds, and also he could have decently good sized back up funds and still end up being engaging in gambling based on ways that he might be choosing to take risk in ways that potentially blow up upon him.
Each guy is responsible to make sure that he is not crossing any boundaries based on his own knowledge and assessment of his situation, even though surely some times there can be emergency situations that end up happening that were beyond his abilities to adequately anticipate (and/or protect himself).

Anyone can apply any method in the context of DCA investing especially having discretionary funds is certainly a priority. This is a fundamental requirement for anyone investing whether large or small. However it shouldn't be mandatory. Regardless of the amount DCA investing is nothing new even though the potential risks involved in such an approach sometimes outweigh the potential risks.

And this has become a necessity for them to continue to deal with what will happen when they have finished doing something that does not result in accordance with their wishes but a form of responsibility will always be carried out so that this is a form of someone's limit to continue to carry out responsibility for events or situations that according to other people's assessments we are wrong in anticipating emergency events that make us fail to protect ourselves.

[Taskford]

Why do you consider him a gambler, I don't consider him a gambler if the situation is like that, it's just that he's taking too much risk here, he doesn't have risk control in investment speak which makes his investment unsafe, but he's not a gambler.
 
It will still be a form of investment not gambling, because basically investment and gambling are different even if you invest without having a reserve fund, just this kind of investment is not recommended because you force yourself to invest beyond your ability to be an investor, because it is better to invest should have a reserve fund and a discretionary fund as a safe way to handle the risk of fluctuations and DCA as a complement.

A person could engage in DCA investing, invest within his discretionary funds, and also he could have decently good sized back up funds and still end up being engaging in gambling based on ways that he might be choosing to take risk in ways that potentially blow up upon him.

Each guy is responsible to make sure that he is not crossing any boundaries based on his own knowledge and assessment of his situation, even though surely some times there can be emergency situations that end up happening that were beyond his abilities to adequately anticipate (and/or protect himself).

Even if the person have those backup funds, discretionary funds also know how to take the risk they can still fall doing gambling especially if the person doing it is so reckless. Difference will matter depends on their set boundaries and also their discipline.

If they invest they should know how to measure the risk they might encounter and have good plans on how to counter it, if they don have control then this is how they are going to fall unto gambling. Emergency situation can happen anytime. But if the person is responsible and knows how to protect themselves I think they are fine when they face challenges.

[Father111]

All strategies are good for investing in Bitcoin especially for the long term. But the DCA strategy will at least train you in patience and discipline, as it's one of the most friendly strategies for any investor looking to maintain emotional stability. DCA helps you control your emotions, avoid extreme market volatility and maintain long term consistency.

So as you said, every strategy ultimately depends on how we implement it, including how we manage it. But the DCA strategy is the only strategy that can easily help us achieve long term success because it excels in many aspects, especially in maintaining our psychology and discipline.

You made strong points about how DCA helps to improve patience and discipline because of how it helps remove decision making pressure and impulsive actions. and I totally agree with them but where I don’t agree with you is the part where you said it’s the only strategy that can help an investor achieve long term success,I don’t think that’s an accurate statement.
The truth is that, having good success in your investment isn’t only about having the perfect strategy rather it’s about being consistent with any strategy you choose to adopt and remaining invested through any market ups and downs.
So yeah DCA isn’t the only strategy that can lead to success, it’s just one of the easier ways to build good investing habits and staying steady in a volatile market.

personally i see the buying the dip strategy as a waste of time and for someone whose major strategy is to buy during dips, success will be far fetch for such investor because in this strategy it have the tendency of making you to wait for years without still buying bitcoin all because you are searching and waiting for that your desired dip and you know fully well that bitcoin is highly volatile and the dip may or may not happen as you would desired. how do you intend to remain consistent in buying  bitcoin and hold when your major strategy is to wait until its dip before you can buy bitcoin, there will be no consistency in it because you are not sure of when the dip will happen or not and even if it happens what is the possibility that itvwill fall to that your desired dip to enable you start buying bitcoin and invest. it is advisable that investors especially newbies focus on buying bitcoin regularly with the dca method which will enable them to buy bitcoin at any market price and hold when they have a discretionary income so that they can get to their accumulation target or even over accumulation. the perfect strategy is dca which will promote the consistency needed in the investment.

Buying in the dip is indeed a waste of time to be p precisely, yet those groups of individuals that called themselves an investors has not comprehend that they are wasting their precious time on the dip, and they only see it as an opportune of gaining more profits in the market, when the eventually buy in the dip. They only misusing the opportunity of buying now and in futures to come they will profits being added, instead of chasing money that within some minutes it vanish to the air.

[Tongley]

Buying in the dip is indeed a waste of time to be p precisely, yet those groups of individuals that called themselves an investors has not comprehend that they are wasting their precious time on the dip, and they only see it as an opportune of gaining more profits in the market, when the eventually buy in the dip. They only misusing the opportunity of buying now and in futures to come they will profits being added, instead of chasing money that within some minutes it vanish to the air.

Waiting to buy only during the decline is definitely a waste of time. But for someone who continues to invest consistently with the DCA method and buys when they see the market falling, it will not be bad or a waste of time at all. These opportunities are like a bonus and each person can take the bonus in a loop depending on their financial situation. But yes, each person has to buy depending on their financial situation.

Many times it is seen that many people take advantage of the bonus and turn their investment into a gamble or throw it into a risk. Seeing the low price of Bitcoin, they become greedy and invest the money they need. An investor should never do this.

[liasbaa]

All strategies are good for investing in Bitcoin especially for the long term. But the DCA strategy will at least train you in patience and discipline, as it's one of the most friendly strategies for any investor looking to maintain emotional stability. DCA helps you control your emotions, avoid extreme market volatility and maintain long term consistency.

So as you said, every strategy ultimately depends on how we implement it, including how we manage it. But the DCA strategy is the only strategy that can easily help us achieve long term success because it excels in many aspects, especially in maintaining our psychology and discipline.

You made strong points about how DCA helps to improve patience and discipline because of how it helps remove decision making pressure and impulsive actions. and I totally agree with them but where I don’t agree with you is the part where you said it’s the only strategy that can help an investor achieve long term success,I don’t think that’s an accurate statement.
The truth is that, having good success in your investment isn’t only about having the perfect strategy rather it’s about being consistent with any strategy you choose to adopt and remaining invested through any market ups and downs.
So yeah DCA isn’t the only strategy that can lead to success, it’s just one of the easier ways to build good investing habits and staying steady in a volatile market.

personally i see the buying the dip strategy as a waste of time and for someone whose major strategy is to buy during dips, success will be far fetch for such investor because in this strategy it have the tendency of making you to wait for years without still buying bitcoin all because you are searching and waiting for that your desired dip and you know fully well that bitcoin is highly volatile and the dip may or may not happen as you would desired. how do you intend to remain consistent in buying  bitcoin and hold when your major strategy is to wait until its dip before you can buy bitcoin, there will be no consistency in it because you are not sure of when the dip will happen or not and even if it happens what is the possibility that itvwill fall to that your desired dip to enable you start buying bitcoin and invest. it is advisable that investors especially newbies focus on buying bitcoin regularly with the dca method which will enable them to buy bitcoin at any market price and hold when they have a discretionary income so that they can get to their accumulation target or even over accumulation. the perfect strategy is dca which will promote the consistency needed in the investment.

Buying in the dip is indeed a waste of time to be p precisely, yet those groups of individuals that called themselves an investors has not comprehend that they are wasting their precious time on the dip, and they only see it as an opportune of gaining more profits in the market, when the eventually buy in the dip. They only misusing the opportunity of buying now and in futures to come they will profits being added, instead of chasing money that within some minutes it vanish to the air.

Buying Bitcoin during a dip is not a waste of time, but waiting for the dip is a waste of time. Some investors plan to buy Bitcoin during a dip or they set a specific price break. They plan to buy at that price break. But their wait may not end or Bitcoin may not return to the price they planned. So waiting for a Bitcoin dip is foolish and a waste of time.

Waiting for the price to drop may cost you your allocated funds or may be spent on meeting other needs. Those opportunists look for dips to trade and sell when the price increases. For long term investments, do the DCA method and accumulate Bitcoin regularly without evaluating each price drop or increase. This investment strategy is a great way to prevent wasting time and money. Keep in existence the DCA method without even wasting time learning about Bitcoin.

[Alonso_]

It continues to be problematic for guys to be proclaiming that DCA is a perfect strategy and/or to even be implying that the other strategies should not be considered, even if it is true that DCA has a lot of abilities to be fit to circumstances that apply to almost everyone and anyone as long as they have discretionary funds.

That is obviously true, because there are individuals investing in Bitcoin who might think and suggest that other strategies aren’t good, but personally I have been a huge fan of the DCA and I obviously think that is the perfect investment strategy when you don’t have enough discretionary income and mainly for low income earners, and I have always suggested that if you have the right plans and strategies and you also have the availability of having different cashflow you can actually approach other techniques with the right mindset, I also think everything have to do with availability of discretionary income and when an investor also have the discretionary income to appreciate the other techniques.

If you have the money you can always buy bitcoin in bulk and I know there are individuals who are buying bitcoin through the Lump Sum and it’s quite appreciative of them to be buying through the Lump Sum’s techniques and also I have also seen people who keeps some money aside specifically for buying the dip and it’s widely appreciated by them when the opportunity presents itself.

So personally I feel all techniques are okay depending your approach with different techniques.

[Princess Leah]

personally i see the buying the dip strategy as a waste of time and for someone whose major strategy is to buy during dips, success will be far fetch for such investor because in this strategy it have the tendency of making you to wait for years without still buying bitcoin all because you are searching and waiting for that your desired dip and you know fully well that bitcoin is highly volatile and the dip may or may not happen as you would desired. how do you intend to remain consistent in buying  bitcoin and hold when your major strategy is to wait until its dip before you can buy bitcoin, there will be no consistency in it because you are not sure of when the dip will happen or not and even if it happens what is the possibility that itvwill fall to that your desired dip to enable you start buying bitcoin and invest. it is advisable that investors especially newbies focus on buying bitcoin regularly with the dca method which will enable them to buy bitcoin at any market price and hold when they have a discretionary income so that they can get to their accumulation target or even over accumulation. the perfect strategy is dca which will promote the consistency needed in the investment.

Buying in the dip is indeed a waste of time to be p precisely, yet those groups of individuals that called themselves an investors has not comprehend that they are wasting their precious time on the dip, and they only see it as an opportune of gaining more profits in the market, when the eventually buy in the dip. They only misusing the opportunity of buying now and in futures to come they will profits being added, instead of chasing money that within some minutes it vanish to the air.

I can agree that it's time wasting cause investors havw to monitor when the market drops before purchasing and one negative thing about it is that one can't get the perfect timing of the market so instead of waiting and missing out on different buying opportunities it's more preferable to DCA and buy consistently.

 A newbie shouldn't even consider this strategy cause at the early stages newbies have to be very consistent and a little or more aggressive witj their accumulation and buying the dip strategy would require them to wait and miss good buying opportunities. Newbies are prone to being emotional and the buy dip strategy won't help them maintain discipline or overcome the emotions that's caused by volatility, that's why the DCA is perfect for the early stages of accumulation.

[New Judgement]

Buying in the dip is indeed a waste of time to be p precisely, yet those groups of individuals that called themselves an investors has not comprehend that they are wasting their precious time on the dip, and they only see it as an opportune of gaining more profits in the market, when the eventually buy in the dip. They only misusing the opportunity of buying now and in futures to come they will profits being added, instead of chasing money that within some minutes it vanish to the air.

Many times it is seen that many people take advantage of the bonus and turn their investment into a gamble or throw it into a risk. Seeing the low price of Bitcoin, they become greedy and invest the money they need. An investor should never do this.

Any investor that behaves in such a manner is heading for destruction because he can’t sustain it. That’s why it is very important for investors to plan themselves ahead of time when and make plans. That’s why it’s always good for investors to have backup funds so that when the market present such an unexpected opportunity, the investor will have the backup funds available to turn to. If you don’t have backup funds to buy sudden market dips, continue with your dca.

[Rockson1]

It continues to be problematic for guys to be proclaiming that DCA is a perfect strategy and/or to even be implying that the other strategies should not be considered, even if it is true that DCA has a lot of abilities to be fit to circumstances that apply to almost everyone and anyone as long as they have discretionary funds.

I think there are reasons why people see DCA to be a perfect Method of investing in Bitcoin, I do not think that there is any other strategy that permits investors to buy Bitcoin with their discreationary income at every given market status, if an individual is acumulating Bitcoin with the DCA strategy, he buys as all daily, weekly or monthly as long as his discreationary income continues to be figure by him, he does not have any reason to give a break, he buy with them strategy even during the dip and everytime that is to tell us how efficient the DCA method is, as for the lump sum, the money for lump sum is not always their, we buy with this strategy when the money for such is available and of course we do not have to wait for such funds to come before we can dive in,let's not forget that what we need to dive in is our discreationary income so to me, the DCA Method remains the best strategy for me.

[Decimetre]

It continues to be problematic for guys to be proclaiming that DCA is a perfect strategy and/or to even be implying that the other strategies should not be considered, even if it is true that DCA has a lot of abilities to be fit to circumstances that apply to almost everyone and anyone as long as they have discretionary funds.

That is obviously true, because there are individuals investing in Bitcoin who might think and suggest that other strategies aren’t good, but personally I have been a huge fan of the DCA and I obviously think that is the perfect investment strategy when you don’t have enough discretionary income and mainly for low income earners, and I have always suggested that if you have the right plans and strategies and you also have the availability of having different cashflow you can actually approach other techniques with the right mindset, I also think everything have to do with availability of discretionary income and when an investor also have the discretionary income to appreciate the other techniques.

If you have the money you can always buy bitcoin in bulk and I know there are individuals who are buying bitcoin through the Lump Sum and it’s quite appreciative of them to be buying through the Lump Sum’s techniques and also I have also seen people who keeps some money aside specifically for buying the dip and it’s widely appreciated by them when the opportunity presents itself.

So personally I feel all techniques are okay depending your approach with different techniques.

When a beginner gets so concerned about saving up some money to be able to buy a desired Dip, there's every tendency that they may get distracted and then may keep reducing their DCA allocation just for the sake of buying dips. When the price keeps going up with no sign of their desired dip, they may either:

A. End up using the accumulated amount to buy bitcoin, then at a higher price or;
B. Use up the funds in other unnecessary things while feeling hear broken and disappointed.

 This is why it is very advisable to invest Greater percentage of your discretionary income and care less about dips unless you suddenly gets an additional income that meets dip or you decide to lump-sum. A beginner should not be thinking about saving for dip instead, he should focus on accumulating as much as possible at least for his first 4 to 10 years after which, if he has achieved his accumulation target, may decide to buy by dips or reduce his DCA allocation in order to increase his reserved funds for the sake of dips.

[Arenga pinnata]

the perfect strategy is dca which will promote the consistency needed in the investment.

It continues to be problematic for guys to be proclaiming that DCA is a perfect strategy and/or to even be implying that the other strategies should not be considered, even if it is true that DCA has a lot of abilities to be fit to circumstances that apply to almost everyone and anyone as long as they have discretionary funds.

Whether it’s perfect or not really depends on each person’s perspective. However, DCA is indeed an excellent strategy for stress-free investing. This is because most of our stress stems from monitoring the market too frequently. We’re constantly stressed out waiting for prices to correct first or something similar, which can even disrupt our daily activities or work because we’re constantly thinking about market conditions. With DCA, on the other hand, we simply need to be disciplined about making regular, scheduled purchases in amounts tailored to our financial capacity, whether we receive a monthly paycheck at the end of the month or even a weekly one, without worrying about market fluctuations.

However, DCA may not be feasible on a scheduled basis for those without a steady income. Since they can’t buy on a scheduled basis. However, in my opinion, if we buy consistently whenever we have extra funds, that also counts as DCA. Even though sometimes we have spare funds without a fixed schedule because we don’t have a steady income.
What’s clear is that for now, I prefer to consider it the best strategy. But perhaps I can’t call it perfect.

[Futurexxx]

It continues to be problematic for guys to be proclaiming that DCA is a perfect strategy and/or to even be implying that the other strategies should not be considered, even if it is true that DCA has a lot of abilities to be fit to circumstances that apply to almost everyone and anyone as long as they have discretionary funds.

However, DCA may not be feasible on a scheduled basis for those without a steady income. Since they can’t buy on a scheduled basis. However, in my opinion, if we buy consistently whenever we have extra funds, that also counts as DCA. Even though sometimes we have spare funds without a fixed schedule because we don’t have a steady income.

I just want to point out both of the highlighted statement in your write up, because I think that you were wrong there.

Take note that for you to be able to buy and accumulate Bitcoin consistently, you need a discretionary income, not a  steady income as you are saying, because that steady income doesn't guarantees that you can figure out your discretionary income from there, since some guys are earning consistently, but are unable to figure out their discretionary income from it, so what you should be saying is that the dca accumulating strategy may not be feasible for those without a discretionary income to invest with consistently, not a steady income as you are proclaiming.

[Negotiation]

It continues to be problematic for guys to be proclaiming that DCA is a perfect strategy and/or to even be implying that the other strategies should not be considered, even if it is true that DCA has a lot of abilities to be fit to circumstances that apply to almost everyone and anyone as long as they have discretionary funds.

However, DCA may not be feasible on a scheduled basis for those without a steady income. Since they can’t buy on a scheduled basis. However, in my opinion, if we buy consistently whenever we have extra funds, that also counts as DCA. Even though sometimes we have spare funds without a fixed schedule because we don’t have a steady income.

I just want to point out both of the highlighted statement in your write up, because I think that you were wrong there.

Take note that for you to be able to buy and accumulate Bitcoin consistently, you need a discretionary income, not a  steady income as you are saying, because that steady income doesn't guarantees that you can figure out your discretionary income from there, since some guys are earning consistently, but are unable to figure out their discretionary income from it, so what you should be saying is that the dca accumulating strategy may not be feasible for those without a discretionary income to invest with consistently, not a steady income as you are proclaiming.

You are absolutely right that in investing, it is not enough to have a fixed income or stable income, but it is more important to have discretionary income or surplus money after meeting all necessary expenses. A person may have a fixed monthly salary or business income but if his living expenses are equal to or more than that income it is impossible for him to invest consistently. The DCA strategy works only when a person can accumulate a certain amount of money without worrying about market conditions for a long time. If there is no surplus money, then the investment may have to be stopped during a market decline which defeats the main purpose of this strategy.

[Showlove01]

It continues to be problematic for guys to be proclaiming that DCA is a perfect strategy and/or to even be implying that the other strategies should not be considered, even if it is true that DCA has a lot of abilities to be fit to circumstances that apply to almost everyone and anyone as long as they have discretionary funds.

However, DCA may not be feasible on a scheduled basis for those without a steady income. Since they can’t buy on a scheduled basis. However, in my opinion, if we buy consistently whenever we have extra funds, that also counts as DCA. Even though sometimes we have spare funds without a fixed schedule because we don’t have a steady income.

I just want to point out both of the highlighted statement in your write up, because I think that you were wrong there.

Take note that for you to be able to buy and accumulate Bitcoin consistently, you need a discretionary income, not a  steady income as you are saying, because that steady income doesn't guarantees that you can figure out your discretionary income from there, since some guys are earning consistently, but are unable to figure out their discretionary income from it, so what you should be saying is that the dca accumulating strategy may not be feasible for those without a discretionary income to invest with consistently, not a steady income as you are proclaiming.

I agree with you In this your dimension you just explained but on the other hand, steady source of income is not compulsory for a consistent Bitcoin investment or accumulation but it can be a pathway to getting to our overaccumulation stage quick if the steady source of income is huge and our expenses takes little or nothing from it. But it becomes pointless when it's less or equal to our expenses there by making someone not to be able to sort out his or her discretionary income. NOTE: steady source of income is not compulsory for consistent accumulation but it depends.

[DubemIfedigbo001]

As we all know, if we invest into Bitcoin with our survival money there will eventually be a moment whereby we will stat feeling so emotional mostly when the market is going down, but truth be told that if we do it responsibly through our discretionary income we won't feel emotional at all.

However, it's obvious that any investor that has long term plans and is also using the DCA'ing strategy to buy Bitcoin through his discretionary income already know what they are doing, only those set of investors without common sense will invest all their money in Bitcoin, why I said that is because if they have they won't start buying Bitcoin with money ment for their survival. The reason why it's not good to buy Bitcoin with your survival money is because at any moment the market might go down and you will probably feel emotional and it might also trigger you to sell, or if an emergency happens you will be forced to sell your Bitcoin to sort them out.
From what I have seen so far, those investors that sell their Bitcoin when the price start going down, sell their Bitcoin because they have no other choice as they invest outside their discretionary income.

Beyond feeling emotional, you will definitely have to survive and when it is time to utilize that funds for your expenses, you would have no other option than to survive on your portfolio and this is a very bad approach to investing and such an investment becomes gambling.

Bitcoin investment is supposed to be for a long-term and you cannot achieve holding for 4-10 years of longer by investing with funds meant for survival neither can you remain consistent in it, discretionary funds is essential because you would not necessarily be needing those funds anytime soon, so you have more ability to remain consistent and hold such funds invested into bitcoin for longer, so if the person does not have discretionary income, he should not invest yet, but workaround his finances until he is able to identify with having one.

It is also recommended to build out your backup funds alongside buying bitcoin so that you have financial cushions to respond to emergencies and other responsibilities that are not part of your immediate expenses without having to tamper with our holdings.

[Sim_card]

it is not enough to have a fixed income or stable income, but it is more important to have discretionary income or surplus money after meeting all necessary expenses.

You don't need surplus discretionary income before you can invest in bitcoin even if you discretionary income is a low as $10 or more, you are good to start your bitcoin investment with DCA and build your bitcoin investment overtime. What matters is ongoingly buying bitcoin consistently and persistently overtime. As you said surplus money, it can pass a wrong information to newbie for them to think that you need a lot of money as your discretionary income before you can start investing.

If there is no surplus money, then the investment may have to be stopped during a market decline which defeats the main purpose of this strategy.

Provided your discretionary income is available even as low as $10, you don't need to stop accumulating bitcoin for any reason be it during the bear market or the bull run. However, when using DCA strategy to accumulate bitcoin, it's not a most for you to buy every week throughout your accumulation period. Any time that you don't have discretionary income due to high monthly expenses, you have to wait until your next discretionary is available before buying.

You don't need to put yourself under pressure because skipping one week due to lack of discretionary income doesn't mean that you are not DCAing. It is when you have your discretionary income but fail to DCA that it shows you are not serious with ongoingly buying bitcoin till you reach your bitcoin target.

[Grease5000]

Bitcon also involves risks, and the DCA reduces risk which is why it is encouraged to invest gradually, if you believe it future can be better than where we are now.

DCA is an accumulation strategy that enables a low income earner to grow his bitcoin portfolio overtime with his little amount of discretionary income to a size that he wouldn't have been able to accumulate at once because it gives you the opportunity to buy bitcoin at various price levels.

However, I don't think that DCA reduces the risk in bitcoin investment. Investing in a long-term with your discretionary income and setting up various backup funds are what reduces the risk attached to bitcoin investment. If you DCA with money that isn't your discretionary income or you did not set up your backup funds as you are investing. You are gambling.

Why do you consider him a gambler, I don't consider him a gambler if the situation is like that, it's just that he's taking too much risk here, he doesn't have risk control in investment speak which makes his investment unsafe, but he's not a gambler.
 
It will still be a form of investment not gambling, because basically investment and gambling are different even if you invest without having a reserve fund, just this kind of investment is not recommended because you force yourself to invest beyond your ability to be an investor, because it is better to invest should have a reserve fund and a discretionary fund as a safe way to handle the risk of fluctuations and DCA as a complement.

A person could engage in DCA investing, invest within his discretionary funds, and also he could have decently good sized back up funds and still end up being engaging in gambling based on ways that he might be choosing to take risk in ways that potentially blow up upon him.

Each guy is responsible to make sure that he is not crossing any boundaries based on his own knowledge and assessment of his situation, even though surely some times there can be emergency situations that end up happening that were beyond his abilities to adequately anticipate (and/or protect himself).

All strategies are good for investing in Bitcoin especially for the long term. But the DCA strategy will at least train you in patience and discipline, as it's one of the most friendly strategies for any investor looking to maintain emotional stability. DCA helps you control your emotions, avoid extreme market volatility and maintain long term consistency.

So as you said, every strategy ultimately depends on how we implement it, including how we manage it. But the DCA strategy is the only strategy that can easily help us achieve long term success because it excels in many aspects, especially in maintaining our psychology and discipline.

You made strong points about how DCA helps to improve patience and discipline because of how it helps remove decision making pressure and impulsive actions. and I totally agree with them but where I don’t agree with you is the part where you said it’s the only strategy that can help an investor achieve long term success,I don’t think that’s an accurate statement.
The truth is that, having good success in your investment isn’t only about having the perfect strategy rather it’s about being consistent with any strategy you choose to adopt and remaining invested through any market ups and downs.
So yeah DCA isn’t the only strategy that can lead to success, it’s just one of the easier ways to build good investing habits and staying steady in a volatile market.

You are largely correct here @BluebloodCXVI in regards to implying that there could be circumstances in which either of the other buying strategies of lump sum and/or buying the dip might work out to be a better strategy for a specific set of circumstances that an investor might find himself, even if he might be in his earliest stages of bitcoin accumulation.

So, even though DCA might be the best and the most flexible of strategies that work for almost everyone, it becomes problematic to suggest that DCA is the best strategy in all circumstances, without accounting for some individual circumstances that might both justify the use of one or more of the other strategies, and also that guys invest into bitcoin in accordance with their own circumstances, which we cannot presume that everyone has the same (or similar enough) circumstances to justify that DCA is the best approach in every single situation.. and I can even think about circumstances in which it is preferable to at least consider the other two strategies, and that is when a lump sum comes available. In those circumstances it tends to be best to at least consider the other two strategies, even if the person might still end up gravitating towards some form of DCA.

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There is no need to wait to know everything to start investing in Bitcoin. However, one should not start without the very basic concepts. It is necessary to know the basic concepts of how it works, market conditions and risk, and how to hold it in the long term.

That is bullshit.  A beginner does not need to know any of those supposed "basic" things prior to getting started investing in bitcoin.  The beginner only needs to know that he has discretionary funds available and he can get started and he can figure out the rest later.

Let's say for example, a guy in his mid-30s makes around $30k per year and perhaps he had already been investing in non-bitcoin investments $100 per week for the past 10-ish years, and so his investment portfolio is around $45k in value, and perhaps he has back up funds that are somewhere in the ballpark of 4 months of his expenses.  He just had a phone call from a good buddy from his youth, and his buddy told him about bitcoin, and his buddy said that it would be good for him to start buying bitcoin as soon as possible.  Perhaps the buddy also told him from where he should open an account and start to buy bitcoin and that he should also look into the bitcoin matter further.  So then the newbie bitcoiner decides to follow his friend's recommendation and he assesses his cashflow situation, and he decides to get started right away with buying $30 per week of bitcoin, and to dedicate 2 hours per week (starting next week or perhaps within the next few weeks) into researching into the matter, yet the ONLY thing that he is going to do is to just start to buy $30 per week and he will look further into the bitcoin matter once he has more time and he tentatively plans to spend around 2 hours per week, once he has time come available in the coming weeks.

What is wrong with getting started investing in bitcoin and figuring out the details later?

It is reasonable to start with the DCA method. It allows you to buy small amounts regularly and does not have to be stressed about market timing, due to which an investor's emotions are less affected. However, starting with the DCA method does not guarantee profit. Success here depends on one's own consistency, financial and risk management, and patience. Waiting until you gain full knowledge delays investment. Therefore, it is reasonable to start with small amounts by gaining knowledge about the basics of investment, thus paving the way for practical learning.

There is nothing wrong with this portion of your post.

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In as much as bitcoin has vast advantage over the fiat currency and other types of asset we still can't deny the fact that profit isn't guaranteed in bitcoin. Having this knowledge it would be best to take precautionary measures like investing only from your discretionary income so your bitcoin investment doesn't affect other important part of your life financially.

Even if a person chooses to invest whimpily into bitcoin, it is still going to affect him financially since he is purposefully choosing to take money out of his discretionary funds and to lock it up for 4-10 years or longer, so he won't be able to use that money for discretionary consumption or to otherwise save that money in cash, since he is purposefully choosing to put it into bitcoin.

Even though I think that I understand what you mean, it still does not make sense to proclaim that any amount put into bitcoin is not going to negatively affect guys in terms of other possible uses of that money (instead of putting it into bitcoin).

When you invest outside of your discretionary income you are likely substituting one of your basic needs for bitcoin and that for sure is a bad financial decision because majority of persons who take this route might end up withdrawing their bitcoin to meet up their basic needs when it becomes really tough to cope. So yeah taking decisions like that is actually gambling and a No for anyone interested in long-term investment.

For sure investing into bitcoin beyond discretionary income is a low hanging fruit claim that we can say that guys should not do... even though there are other ways, also, that guys can go beyond what they should do, and they are still investing into bitcoin from within their discretionary income.

the perfect strategy is dca which will promote the consistency needed in the investment.

It continues to be problematic for guys to be proclaiming that DCA is a perfect strategy and/or to even be implying that the other strategies should not be considered, even if it is true that DCA has a lot of abilities to be fit to circumstances that apply to almost everyone and anyone as long as they have discretionary funds.

I get what you’re saying, and honestly, you’re not far off, you’re just mixing two different layers of risk. Looking at from an investor’s point of view, DCA doesn’t remove risk, it manages entry risk. It spreads your buying over time so you’re not exposed to bad timing. That’s all it does nothing more, nothing less.

The real risk in Bitcoin isn’t just when you buy, it is whether you can survive volatility without panic-selling. That is  where your point about discretionary income and backup funds becomes the real foundation. If those are not in place, even the “perfect” DCA strategy can still break you emotionally or financially.