JJG’s Outline of Bitcoin Investment Ideas

[DubemIfedigbo001]

People can access low interest loans if available and they're sure of being able to pay for it from within their means, they can channel in their discretionary income meant for buying bitcoin to paying the debt and resume their DCA when they're done paying off since they used the debt to lump sum and get more quantities at a dip.

Why taking a low interest loan to do a lump sum when you can actually invest with the little that you have available from your discretionary income. You see, people put themselves in a state of confusion by thinking that you want to be smart by taking a loan to invest in bitcoin when there is a DIP but i don't see it as a good approach because what if your income doesn't arrive at when you expected and maybe the loan is due for repayment, that means the interest of the loan might be increasing after the due date has elapsed. It is safer to use your own money to invest in bitcoin regardless of how little it might be instead of putting yourself in a state of discomfort by taking a loan just because you want to buy bitcoin at a DIP price.

In a rush to criticize, you missed or read with little meaning a very important points I stated, I'll quote myself

People can access low interest loans if available and they're sure of being able to pay for it from within their means, .

Now what do I mean by being sure, you may have an investment with a solid company that is due for maturity within the timeline or funds locked somewhere that should be unlocked within the timeframe. Again you might have a running business that the accumulated returns it gives you within same timeframe is bigger than the loan you took and you only need to accumulate the process to pay back your loan easily. When you're sure you can request that loan easily from within your means, then it's not bad tho take the loan with low interest rate, lump sum on a nice dip, and get further ahead in your accumulation journey.

[New Judgement]

If you don’t have a stable income, how do you intend to a discretionary income? It is from the stable income you are getting on a regular basis that your will take out the money for personal and household expenses, possibly be left with discretionary income if your personal and household needs doesn’t consume all the money.

Discretionary income is not only gotten from stable
 

Of course that’s true, you can get discretionary income from various sources, like sale of an assets such as landed properties, old items you don’t have use for, sales of cars and other properties.

There are various sources one can get discretionary income from which must not necessarily be a stable income. Discretionary income is the extra money you have left after taking care of essential expenses and it can be from your salary income, allowance, gift, profit from other business, from winning a lottery and so on. So whatever source it's from as long as it the money left after taking care of the expenses then it can be regarded as discretionary income.

Salary should be considered as a source of stable income because it comes in on regular basis, profit from businesses should also be considered as a source of stable income unless the business is just a one time business that’s not continuing. But as long as the business is generating the profits in continuity, it should be regarded as a source of stable income.

[Rockson1]

<..>

If we talk from now till next year i will keep telling you that discreationary income is what is required of us to invest in Bitcoin, if you have it then you're go to go in Bitcoin investment, do you agree with me that steady income guarantees nothing especially when someone is not interested in Bitcoin investment,

How did you comprehend my text? If you dont have the mindset or interest to invest in bitcoin , will you invest? the answer is "No" we're emphasizing on people who have the interest to invest in bitcoin...So therefore a steady income will make an investor not to be inquisitive or not be on panic to withdraw it investment, likewise someone who uses it spare funds to invest in bitcoin, it will not withdraw it investment quickly like someone who uses all it has to invest...What do you understand by discretionary income? Just equate what I said with the meaning of discretionary income..

No sir you are still getting it wrong, I have not said steady income is not important to anyone of course it is but what safeguards our investment our emergency needs arises is our emergency funds, you'll agree with me that panic to withdraw comes in different phases and investor might want to withdraw because of emergency and if he has emergency funds available such matter will be settled immediately, if I may ask, does steady income stop a short term investors also known as traders to withdraw profit, panic is a thing of the mind and it is sometimes by over expectations of investors and lack of understanding about Bitcoin investment concept, I mean the inability of investors recognize the fact that Bitcoin is not a stable asset which is to say that fluctuation can set in at any time, so you mean that stable income can tackle this? I do not think so, the only thing that can solve such problem is understanding the concept of Bitcoin of Bitcoin.

You ask what I understand by discreationary income right, it is simple, your discreationary income is the left over funds after you are done attending to your essential needs, that is the mount you won't be needing for anything at the time being, another thing I want you to understand is that even if you have steady source income and you are not investing wisely or appreciately I mean if your are not investing with your discreationary income and not having your emergency funds available, you might still panic at some point.

[SuperBitMan]

For sure having a steady income helps in making your Bitcoin journey easy but then we have see certain people who have income and still struggled in these journey because most of the lack discipline, most of them lack management and they end up struggling in their bitcoin investment.

Discipline plays a big role too, likewise patience. They just don’t help you in Bitcoin investment but in all aspects of life, that why I would say Bitcoin investment is a way of life.

These things helps you a lot, at the end we invest in bitcoin to help have a good future, to makes plans for our future.

Having a steady income is good but having a steady discretionary income is much better because it is discretionary income that we need to invest in bitcoin weekly or monthly. having a steady income isn't a prerequisite to invest in bitcoin but  discretionary income because they are people who have steady incomes but don't have discretionary income to invest.  Steady income isn't a prerequisite for us to get started but discretionary income.. As long as we can figure out discretionary income from our income we wouldn't struggle with our bitcoin investment.

If an investors has a steady source of income yet don't want to invest in Bitcoin is very rare shall but I will agree with you only on the purpose of those investors that are still afraid of accepting the risk of investing, even when DCA method has motivated all investors of losing out anything, if i don't know what will be holding back any investors has the means of generating a discretionary income on a consistent basis after all the payments of bills.

Is not everyone that understand how bitcoin works and it is not everyone that have the mind to take risk even when the risk is very low some persons still fear to take risk, there are a lot of things that are also stopping people from investing in bitcoin so may be past experience that they had with a particular online investment that he did in the past I remember introducing a friend of mine into bitcoin investment and he told me that he don’t invest in anything concerning online that he likes physical investment and since bitcoin is an online investment that he is not interested in it, but I tried to explain more further and allow him to into some research about bitcoin investment after some time he came to me and said his ready to invest in bitcoin so past experience may be the reason why some people have decided not to invest in bitcoin.

[AYOBA]

Waiting for dips shouldn’t be the approach we take into bitcoin investment because such approaches is just a procrastination and procrastinating shouldn’t be what stop us from investing in bitcoin. No time to waste at all let go into bitcoin investment as soon as possible because the market is always unpredictable so sitting back and waiting for dips that we ain’t even sure it would come is just us wasting unnecessary time.
  Let not see waiting for dips as an option at all or even think of it as a smart strategy to go into bitcoin investment when we have long term mindset and also we have the DCA strategy at our fingertips.

Waiting for the dip is not a good idea for someone who have interest to invest in the Bitcoin, because that’s what make a lots of people lose opportunity to invest in Bitcoin as thy preferred to wait for the dip before thy can invest. And in life everything working with time, times is not waiting for anyone which is why it’s good for we make uses of the opportunities that comes our way before it can pass away.

There’s some people that have opportunities to invest in the Bitcoin but they couldn’t make why? Is because they choose to wait for the dip which is wrong approach to Bitcoin investments, and that’s what most people don’t understand about the Bitcoin market; dealing with a good mindset is the key for success ahead especially in the bitcoin investment.

[Abbatty]

Waiting for dips shouldn’t be the approach we take into bitcoin investment because such approaches is just a procrastination and procrastinating shouldn’t be what stop us from investing in bitcoin. No time to waste at all let go into bitcoin investment as soon as possible because the market is always unpredictable so sitting back and waiting for dips that we ain’t even sure it would come is just us wasting unnecessary time.
  Let not see waiting for dips as an option at all or even think of it as a smart strategy to go into bitcoin investment when we have long term mindset and also we have the DCA strategy at our fingertips.

Waiting for the dip before starting your Bitcoin accumulation is wrong, and it's even more unwise to be waiting for the dip when you are a no coiner or you are just starting your Bitcoin accumulation journey, because by waiting you are going to waste valuable buying opportunities by waiting for a dip that may not come when you expect it.
So that is why consistent buying and accumulating is encouraged, then if along the line while accumulating consistently and the dip comes, you may still decide to buy or do it aggressively if you have a reserve funds to carry it out, so it's better we should only treat the dip as an opportunity that hardly comes by, not by pausing our accumulation by waiting for a dip that we are not sure when it's going to come.

To me I think you getting it all wrong with buying the Dip. I know DCA have proven to be the best not because other methods of accumulating bitcoin are bad but because it best suitable for all kind of user, that is the, poor, rich and even the middle class, it helps you accumulate with what you can actually afford regardless of your financial status.

But you see buy the Dip is often used by rich people, people who set aside a margin that when bitcoin drops even by 10 or 20 percent they will buy in bulk and hold for as long as possible. It doesn’t really matter if you are new into bitcoin investment.

You see every strategy has it audience and advantages too, but we all say DCA is better because it very okay for all kind of Audience.

[Soldroplet]

If you don’t have a stable income, how do you intend to a discretionary income? It is from the stable income you are getting on a regular basis that your will take out the money for personal and household expenses, possibly be left with discretionary income if your personal and household needs doesn’t consume all the money.

Discretionary income is not only gotten from stable
 

Of course that’s true, you can get discretionary income from various sources, like sale of an assets such as landed properties, old items you don’t have use for, sales of cars and other properties.

There are various sources one can get discretionary income from which must not necessarily be a stable income. Discretionary income is the extra money you have left after taking care of essential expenses and it can be from your salary income, allowance, gift, profit from other business, from winning a lottery and so on. So whatever source it's from as long as it the money left after taking care of the expenses then it can be regarded as discretionary income.

Salary should be considered as a source of stable income because it comes in on regular basis, profit from businesses should also be considered as a source of stable income unless the business is just a one time business that’s not continuing. But as long as the business is generating the profits in continuity, it should be regarded as a source of stable income.

I agree with the main idea of ​​your words, especially calling salary a stable income is completely reasonable, because it comes regularly. Yes; the profit of a business can also be considered stable, but I think there is a little condition here. Because even if the business is running, the profit is not always equal or certain; it can decrease or increase due to the market, costs and demand.

So the income of a business can be called stable only when it can give regular and predictable profit over a long period of time. Your point is very good, just adding this small aspect makes the point more complete.

[Bigthraex]

Waiting for dips shouldn’t be the approach we take into bitcoin investment because such approaches is just a procrastination and procrastinating shouldn’t be what stop us from investing in bitcoin. No time to waste at all let go into bitcoin investment as soon as possible because the market is always unpredictable so sitting back and waiting for dips that we ain’t even sure it would come is just us wasting unnecessary time.
  Let not see waiting for dips as an option at all or even think of it as a smart strategy to go into bitcoin investment when we have long term mindset and also we have the DCA strategy at our fingertips.

Waiting for the dip is not a good idea for someone who have interest to invest in the Bitcoin, because that’s what make a lots of people lose opportunity to invest in Bitcoin as thy preferred to wait for the dip before thy can invest. And in life everything working with time, times is not waiting for anyone which is why it’s good for we make uses of the opportunities that comes our way before it can pass away.

There’s some people that have opportunities to invest in the Bitcoin but they couldn’t make why? Is because they choose to wait for the dip which is wrong approach to Bitcoin investments, and that’s what most people don’t understand about the Bitcoin market; dealing with a good mindset is the key for success ahead especially in the bitcoin investment.

Many people wants to buy at a 'perfect price' and they end up missing the bigger picture of long term accumulation. In the Bitcoin market, no one can predict the bottom exactly and consistently and sometimes people wait for dips that don't cond the way they expected. One must build the habit of investing gradually and that is way better than waiting forever from the perfect time to invest.

I think when investing in Bitcoin one needs to be consist and disciplined rather than trying to outsmart the market. Invest small amounts regularly and it can grow over time if you are patient and not desperate. Most people wish they had invested in bitcoin earlier and now they regret they were waiting for the perfect time.

[Charcol]

I get what you’re saying, but I don’t fully agree discretionary income doesn’t just appear on its own it comes from income. If his income isn’t stable,  then that consistent discretionary income won’t be consistent either. From an investor’s mindset, stability is what makes consistency possible. He can manage his expenses and create discretionary income, but without steady inflow of cash that plan can breaks easily.

So he needs both stable income and discretionary income  because Stable income creates the base,  while discipline creates the discretionary income, and consistency is what  builds the investment over time.

Right of course it a stable income that helps to generate a discretionary income if not where else. For an investors that doesn’t have a steady income then steady accumulation with discretionary income won’t be consistent because no steady income to fuel the journey.
Steady source of income brings out our discretionary funds. Don’t really thinks there’s other way round this to be honest. Or is there ?

Of course there is. From the way you mentioned it, it seems that you consider stable income as a mandatory condition in investing. But in reality, in Bitcoin savings, although having a stable income is convenient, it is not mandatory. I think stable income is not important if he can set aside additional investable money from his irregular income by setting aside expenses.
It is not the case that everyone has a regular source of income. Many people can occasionally get a large amount of money from contract work. If he can set aside necessary expenses, emergency funds and other responsibilities from that money until he gets the next money and can set aside additional investable money, then there should be no more restrictions on his investment. Rather, he can buy gradually from that discretionary money. One thing we should remember is that consistency does not mean that he has to buy the same amount every week or month. Someone who has irregular income can divide it according to his cash flow and save it in a month or a few weeks as per his convenience.

[Odohu]

To me I think you getting it all wrong with buying the Dip. I know DCA have proven to be the best not because other methods of accumulating bitcoin are bad but because it best suitable for all kind of user, that is the, poor, rich and even the middle class, it helps you accumulate with what you can actually afford regardless of your financial status.

But you see buy the Dip is often used by rich people, people who set aside a margin that when bitcoin drops even by 10 or 20 percent they will buy in bulk and hold for as long as possible. It doesn’t really matter if you are new into bitcoin investment.

You see every strategy has it audience and advantages too, but we all say DCA is better because it very okay for all kind of Audience.

Since a lot of us are not in the class of the rich, I don't think it makes sense dwelling so much on that. You have already explained that the DCA is suitable for all income classes which is true, hence we should focus more on applying the DCA method and every other things that will make the investment process sustainable. The problem with diverting attention into other methods is that people will begin to ponder on them out of curiosity and you never know how the human mind works but some people can end up becoming distracted.

I want to also inform you that not all the rich purchase Bitcoin through buying the dips, we have seen some notable whales using the DCA method. The comfort that the DCA method offers is something you will hardly see in any of the other methods of accumulation.

[Abbatty]

To me I think you getting it all wrong with buying the Dip. I know DCA have proven to be the best not because other methods of accumulating bitcoin are bad but because it best suitable for all kind of user, that is the, poor, rich and even the middle class, it helps you accumulate with what you can actually afford regardless of your financial status.

But you see buy the Dip is often used by rich people, people who set aside a margin that when bitcoin drops even by 10 or 20 percent they will buy in bulk and hold for as long as possible. It doesn’t really matter if you are new into bitcoin investment.

You see every strategy has it audience and advantages too, but we all say DCA is better because it very okay for all kind of Audience.

Since a lot of us are not in the class of the rich, I don't think it makes sense dwelling so much on that. You have already explained that the DCA is suitable for all income classes which is true, hence we should focus more on applying the DCA method and every other things that will make the investment process sustainable. The problem with diverting attention into other methods is that people will begin to ponder on them out of curiosity and you never know how the human mind works but some people can end up becoming distracted.

I want to also inform you that not all the rich purchase Bitcoin through buying the dips, we have seen some notable whales using the DCA method. The comfort that the DCA method offers is something you will hardly see in any of the other methods of accumulation.

Don’t get me wrong mate, I’m not comparing both strategies but rather I’m clarifying that both strategies has it audience and works fine for everybody.

The DCA is the best amongst all, but that doesn’t mean that other strategies don’t work fine.

[Grease5000]

People can access low interest loans if available and they're sure of being able to pay for it from within their means, they can channel in their discretionary income meant for buying bitcoin to paying the debt and resume their DCA when they're done paying off since they used the debt to lump sum and get more quantities at a dip.

Why taking a low interest loan to do a lump sum when you can actually invest with the little that you have available from your discretionary income. You see, people put themselves in a state of confusion by thinking that you want to be smart by taking a loan to invest in bitcoin when there is a DIP but i don't see it as a good approach because what if your income doesn't arrive at when you expected and maybe the loan is due for repayment, that means the interest of the loan might be increasing after the due date has elapsed. It is safer to use your own money to invest in bitcoin regardless of how little it might be instead of putting yourself in a state of discomfort by taking a loan just because you want to buy bitcoin at a DIP price.

In a rush to criticize, you missed or read with little meaning a very important points I stated, I'll quote myself

People can access low interest loans if available and they're sure of being able to pay for it from within their means, .

Now what do I mean by being sure, you may have an investment with a solid company that is due for maturity within the timeline or funds locked somewhere that should be unlocked within the timeframe. Again you might have a running business that the accumulated returns it gives you within same timeframe is bigger than the loan you took and you only need to accumulate the process to pay back your loan easily. When you're sure you can request that loan easily from within your means, then it's not bad tho take the loan with low interest rate, lump sum on a nice dip, and get further ahead in your accumulation journey.

I don’t agree with that approach. Taking a loan to buy Bitcoin, even at low interest, shifts the mindset from investing to leveraging risk.

If someone needs a loan to buy Bitcoin, it usually means their income isn’t stable or they haven’t figured out their true spare cash.
Instead of investing steadily, they end up using that same money to repay the loan. And relying on future income just adds pressure and if anything changes, it quickly becomes a burden.

[Ashawowo(OS)]

panic is a thing of the mind and it is sometimes by over expectations of investors and lack of understanding about Bitcoin investment concept, I mean the inability of investors recognize the fact that Bitcoin is not a stable asset which is to say that fluctuation can set in at any time, so you mean that stable income can tackle this? I do not think so, the only thing that can solve such problem is understanding the concept of Bitcoin of Bitcoin.

Panic comes most times when we are not doing the right thing for example

• When the investor is targeting short-term gains which is trading
• When the investor is investing beyond his discretionary income, known as over aggressiveness or even investing with money for future predicted expenses
• When the investor is not investing what he can afford to loose, and not building his backup funds while he invests

These can make the investor panic unnecessarily because he constantly fears to loose the value of his invested funds. An investor who is buying and holding bitcoin from his discretionary income and focusing on his consistency and long-term plan, and who is building backup funds while he invests would pay little or no attention to the volatility and keep striving to see ways to increase his buying amounts, either by increasing his income or cutting down unnecessary expenses so as to get more quantities within his holding period. If the investor employs proper cashflow management practices, he would not be necessarily affected if emergencies occur since he has prepared for it by building out his emergency fund while he buys and holds bitcoin.

[Jewan420]

I don’t agree with that approach. Taking a loan to buy Bitcoin, even at low interest, shifts the mindset from investing to leveraging risk.

If someone needs a loan to buy Bitcoin, it usually means their income isn’t stable or they haven’t figured out their true spare cash.
Instead of investing steadily, they end up using that same money to repay the loan. And relying on future income just adds pressure and if anything changes, it quickly becomes a burden.

Why do you think that borrowing means lack of money? Despite having a lot of money, we sometimes have to take help of a loan. Situations force us to borrow at times. Borrowing is not a negative thing and investing with a loan is also not a negative thing, we can see borrowing and investing with a loan despite not having the ability to repay the loan negatively, especially investing with a loan. Sometimes for basic needs, borrowing without having a proper plan to repay the loan is a recognition of the situation.

Imagine that you own $ 1 million, but you do not have that money available at the moment, rather it will take a week or a month for this money to be usable, so what if you get the opportunity to buy Bitcoin in the dip market? What action is wise to take in such a situation? I think it is not a bad thing to take advantage of the dip market by borrowing at this time, you have the ability to repay the loan, unfortunately it takes time. Or the situation may be different, you need to consider whether you have the right plan and ability to repay the loan.

[Father111]

To me I think you getting it all wrong with buying the Dip. I know DCA have proven to be the best not because other methods of accumulating bitcoin are bad but because it best suitable for all kind of user, that is the, poor, rich and even the middle class, it helps you accumulate with what you can actually afford regardless of your financial status.

But you see buy the Dip is often used by rich people, people who set aside a margin that when bitcoin drops even by 10 or 20 percent they will buy in bulk and hold for as long as possible. It doesn’t really matter if you are new into bitcoin investment.

You see every strategy has it audience and advantages too, but we all say DCA is better because it very okay for all kind of Audience.

Since a lot of us are not in the class of the rich, I don't think it makes sense dwelling so much on that. You have already explained that the DCA is suitable for all income classes which is true, hence we should focus more on applying the DCA method and every other things that will make the investment process sustainable. The problem with diverting attention into other methods is that people will begin to ponder on them out of curiosity and you never know how the human mind works but some people can end up becoming distracted.

I want to also inform you that not all the rich purchase Bitcoin through buying the dips, we have seen some notable whales using the DCA method. The comfort that the DCA method offers is something you will hardly see in any of the other methods of accumulation.

Don’t get me wrong mate, I’m not comparing both strategies but rather I’m clarifying that both strategies has it audience and works fine for everybody.

The DCA is the best amongst all, but that doesn’t mean that other strategies don’t work fine.

Although it is not all newbies that are aware of other methods working more fast than DCA strategy in the times of accumution of Bitcoin, old investors should know the purpose why investors prefer DCA method to invest in Bitcoin than any other methods, is due to the way its methods work and a newbie can not be comfortable when using any other methods out side DCA method, all investors are free to choose the method the will not make he to borrow money just to fit in regular basis, it is very understandable why DCA method is that popular, at list if not for reason but for purpose of buying Bitcoin small, small, due to every investors is that rich.

[SmartCharpa]

Waiting for dips shouldn’t be the approach we take into bitcoin investment because such approaches is just a procrastination and procrastinating shouldn’t be what stop us from investing in bitcoin. No time to waste at all let go into bitcoin investment as soon as possible because the market is always unpredictable so sitting back and waiting for dips that we ain’t even sure it would come is just us wasting unnecessary time.
  Let not see waiting for dips as an option at all or even think of it as a smart strategy to go into bitcoin investment when we have long term mindset and also we have the DCA strategy at our fingertips.

Waiting for the dip is not a good idea for someone who have interest to invest in the Bitcoin, because that’s what make a lots of people lose opportunity to invest in Bitcoin as thy preferred to wait for the dip before thy can invest. And in life everything working with time, times is not waiting for anyone which is why it’s good for we make uses of the opportunities that comes our way before it can pass away.

There’s some people that have opportunities to invest in the Bitcoin but they couldn’t make why? Is because they choose to wait for the dip which is wrong approach to Bitcoin investments, and that’s what most people don’t understand about the Bitcoin market; dealing with a good mindset is the key for success ahead especially in the bitcoin investment.

We need to understand is that time doesn’t wait for nobody, you can only waste chance and opportunities, thinking that you are waiting for the dip to buy. Nothing good about buy whether the price is high or low, it’s all the same thing for a long term investors, they don’t care about the condition of the market, they keep on buying because they know the value of Bitcoin and believe that its future will be different from what we are seeing right now.

Some people think they are smarter than others, but have no idea they can end up waiting forever for the dip. We still have many people out there who expect the price of Bitcoin to drop below $50k soon, and I don’t know what makes them believe such thing is going to happen, we cannot predict the price, and now that the price is below $80k, nobody expected that after it was already above $80k few weeks ago.

[Finebone]

Imagine that you own $ 1 million, but you do not have that money available at the moment, rather it will take a week or a month for this money to be usable, so what if you get the opportunity to buy Bitcoin in the dip market? What action is wise to take in such a situation? I think it is not a bad thing to take advantage of the dip market by borrowing at this time, you have the ability to repay the loan, unfortunately it takes time. Or the situation may be different, you need to consider whether you have the right plan and ability to repay the loan.

Borrowing money to invest in bitcoin, when you have other means of repaying back the loan is not a bad idea if you are not a new investor, but if you are borrowing money as a new investor, just to start your accumulation, that's where it's very bad because it's unsustainable, and it's not a wise idea since the interest of the loan may build up and add more unnecessary pressure that is avoidable, so it's very important that you start and accumulate consistently with your discretionary income, as a new investor, than using a loan money to invest.

[Mr_Brilliant$]

panic is a thing of the mind and it is sometimes by over expectations of investors and lack of understanding about Bitcoin investment concept, I mean the inability of investors recognize the fact that Bitcoin is not a stable asset which is to say that fluctuation can set in at any time, so you mean that stable income can tackle this? I do not think so, the only thing that can solve such problem is understanding the concept of Bitcoin of Bitcoin.

Panic comes most times when we are not doing the right thing for example

• When the investor is targeting short-term gains which is trading
• When the investor is investing beyond his discretionary income, known as over aggressiveness or even investing with money for future predicted expenses
• When the investor is not investing what he can afford to loose, and not building his backup funds while he invests

These can make the investor panic unnecessarily because he constantly fears to loose the value of his invested funds. An investor who is buying and holding bitcoin from his discretionary income and focusing on his consistency and long-term plan, and who is building backup funds while he invests would pay little or no attention to the volatility and keep striving to see ways to increase his buying amounts, either by increasing his income or cutting down unnecessary expenses so as to get more quantities within his holding period. If the investor employs proper cashflow management practices, he would not be necessarily affected if emergencies occur since he has prepared for it by building out his emergency fund while he buys and holds bitcoin.

This is true.. Most panic and problem in investing do come from poor planning..  Because once someone invests money they can not afford to leave untouched, those small dip will start to feel like a very big disaster to them.. That is why many people still end up making rushed decisions out of fear..
I also think having a long term mindset changes everything.. Someone who understands why they’re buying Bitcoin and already has backup funds will not easily be move by volatility..