JJG’s Outline of Bitcoin Investment Ideas

[VivaMan]

Buying Bitcoin and holding for Long term like 5/6 years undermining of short terms price fluctuations is good.

This requires self discipline and been patience, undermining the fact that it's volatile.

Alot of people gains more profits keeping for long -terms which am a wistness to it.

I can recall when I buy a coin and leaves it for a long period of 4 years coming back to see the profits was really am existing one.
It's advised to hold for long term expecially when your decretional income is always coming and your reserve funds is there.

[Nheer]

Yet they still do it right? That's where bItcoin is different, discretionary income or not you will be rewarded, it's why I believe that some people wouldn't even mind, Bitcoin for some it worth all the inconvenience that comes with it.

they don't care and the truth is Bitcoin makes it make sense on the long run anyways.

Sometimes the " don't put yourself in a tight position because you want to buy Bitcoin " advice is for you alone, many people don't care, having Bitcoin is a must for many.

You make everything sound like Investing in Bitcoin guarantees success. Well as you said the advice is for everyone even if they don't work with it. For me I think it much better and safer to do it right because anything that's worth doing is worth doing well. Most people get blinded by the benefits and profits they can make that's why they don't care and invest with whatever ever means they can even if they'll be investing with non discretionary funds.

It's best if we don't get careless and invest with only discretionary funds because it's not just about having some Bitcoins but about protecting our stash to survive that long because investing with non discretionary funds often leads to selling prematurely due to not taking care of your necessary expenses. These expenses are yours to solve and if you don't it is only a matter of time before it comes knocking.

[VivaMan]

It does seem as if investing and gambling are on a spectrum in terms of there are ways to engage in behaviors that are more towards one end of the spectrum or the other end of the spectrum, but they are likely not completely pure concepts in terms of being separable from one another as sometimes folks like to talk in terms of black and white absolutes.

Trading does seem to have a lot of aspects that are closer to gambling rather than to investing, even though there are ways that trading can be employed to hedge risk, so in that regard be incorporated as part of an overall investing strategy. and likely if any of us are wanting to consider trading as investing we would likely need to attempt to trade in bigger and wider gaps to offset risks or to serve as insurance rather than considering trading in terms of shorter term profit making. but I suppose there are some folks who can become really good at trading in such a way that they feel that they are not really taking very many risks because they are striving to set up their orders in such a way to take both sides, so they are merely hedging their bets which could end up fitting more within a kind of investing perspective rather than a gambling perspective.

I would also speculate that the more informed that you are regarding various factors, then it is likely that you are more able to set your bets in accordance with the probability of one outcome versus another outcome, so in that sense there would likely be less risk-taking involved. and it would fit less on the spectrum of gambling, even though some folks will still want to characterize such perspective and practices as gambling.

To me it seems difficult to even put certain types of investments on a spectrum of gambling, but i also get where y’all are coming from. Let’s say you’re buying something like gold or silver, you’re getting exactly the amount you paid for and your investment can’t vanish even if market prices fluctuate(the gold will always stay in your hands). Not really a gamble.

Maybe the gambling factor comes into play when the underlying asset is ignored by the investor and the only focus is the market price and higher returns, like waiting for something to go parabolic without understanding/ being interested about what you were investing into/ or wanting to actually own the asset, if it wasn’t for money.

Now if someone is risking their asset they didn’t previously gamble on, like the people that got their Bitcoin liquidated now, because they were over-leveraged, then we’re getting into high gambling territory. This has nothing to do with sane investing anymore.

But if i actually wanna own a part of x company trough good and bad times, because i believe they deliver a great value, i dont see how it’s gambling(then owning a company would be gambling too), its simply providing liquidity to where actual value is created. It’s more like keep tuning a car till it can win a race and beyond.

To me this was the original thought behind doing investments, tho i agree that this is getting more and more lost, but people who invest with strong principles will succeed more.

Now sure if i go into 100 companies in 5 days, it’s nothing else than gambling, because no one can possibly gather enough info about the underlying assets in this short amount of time.

Now if we go into the section of investing were no more underlying asset is bought, like derivatives, we’re coming closer into gambling territory.

So i see why the both are on a spectrum.

I suggest the structure of investing and gambling as a spectrum is very useful than treating them as completely separate ways.


At the investing end of the range, options are categories on the expected Long term values and cash flows.
Time sees to be prolonged, ricks is now managed through diversification and patiences.

This makes the investors expecting a unique and positive return over repetitions. Sometimes at the gambling ends one outcome are often dominated by Chance over the time horizon.
This may have statistical edge.
Massive returns are gotten by luck rather by ownership of a productive asset.
At the point the value to be gotten may be negative after the costs.
The expected value may even be negative after costs.
 Trading is all about risk management, time , participant behavior.
Therefore a well disciplined investor can buy Bitcoin,  hold for years and sell in due time without having fear .

[samadam007]

If you want to invest in Bitcoin, you should definitely invest in the long term. Because the more you use it according to the discretionary rules, the more Bitcoin you will be able to accumulate. Bitcoin should be invested in the long term, not in the short term.
In this current situation, Bitcoin investment plays the most effective role, if you do not invest in Bitcoin at the right time, then you are ruining your future. Therefore, you should definitely hold Bitcoin investment in the long term by using discretionary income.

The right time to buy Bitcoin is now. Every time you have the opportunity to buy Bitcoin, waiting for a particular time or day is not the best approach. Instead, buying at the moment when you think of purchasing Bitcoin is advisable.

Waiting for the best time to buy Bitcoin is just a waste of time and opportunities. Starting to buy Bitcoin now is the best way to enter the market because buying at a specific time is not better than when you should have bought. It is important to understand that investing in Bitcoin is a long-term commitment, and this is the mentality every investor needs to adopt.

Market timing is really tough… constantly waiting for the perfect moment can cause you to miss good opportunities. Having a long term mindset for Bitcoin is definitely smart.
That said, it's not always ideal to say 'buy right now' because the market can still drop more in the short term. A safer way is to start small, buy gradually over time using DCA method, and only use money you can comfortably afford to lose.

[BluebloodCXVI]

 
This is not an eternal truth that investors cannot invest aggressively. Yes, sometimes the market goes down a lot and some investors see that time as a big opportunity and they consider that opportunity but sometimes they invest aggressively and again when they feel that now they should continue investing normally, then they do that.

I think you should be careful not to paint aggressive investing as something that can only be done during a dip in the market. Certainly anybody can decide to go aggressive with their investment for different reasons and not only just because there is a dip in the bitcoin market. Perhaps if their income has gone up or maybe they received a bonus, hell it could even be because they have spent their time learning more about bitcoin and their conviction grew more or it could just be that they want build their position faster. So surely a dip can be a reason for an investor to go aggressive but it definitely isn’t the only reason.

A lot of people gains more profits keeping for long -terms which am a wistness to it.

Well thank God for those people’s lives but even with this testimony of yours, there is no guaranteed holding period that ensures a profit even though we expect bitcoin to be profitable in the future.

[Agbam]

Our measurement of our total quantity of discretionary funds that we have available will show us the absolute maximum that we could put into bitcoin, yet an overwhelming majority of the time, it is not going to be to our advantage to maximize our bitcoin investment based on how much discretionary funds that we have available.  For example, if we have been investing $100 per week into bitcoin for the past 20 weeks from our discretionary income, and maybe we have also been building up our back up funds with $50 per week, and maybe we have been discretionarily consuming around $50 per week during that same time, yet maybe we also have some special event coming up.  For example, perhaps our sister is getting married within the next 6 weeks, and we have several family members coming from out of town, and maybe we know that there is a certain level of poverty and difficulty in the family, and perhaps for the next 6 weeks we may well need to help the family and invest around $40 per week into the wedding and the various preparations, so after some consideration we decide that we will ONLY be able to invest around $80 per week into bitcoin for the next 6 weeks, and we would save only $40 and discretionarily consume only $40.. So we are trying to find a balance and to contribute towards the expenses of the family, even though we don't have to do that... but we consider such contribution is the best thing to do.  

Of course, not everyone is going to decide the same in terms of how much to allocate or what kinds of changes to make to our budget based on other discretionary ways that we could spend our available discretionary funds.

People just coming into Bitcoin will understand it better if it can be explained this way with life realities. A lot of people get it wrong when they hear discretionary funds. Assuming their discretionary funds is $200, they think they must invest all $200 at once and when severe emergency happens, they have no option other than panic selling even at a loss.

DCA is a flexible strategy. You don't need to make it rigid for yourself. If there's need for adjustment based on real life situation, you should adjust accordingly. What matters is consistency.

JJG has the best way of explaining things, what makes it easier and better is the real life examples he gives.

This scenario is why I keep saying the final decision lies with the investor, we can only suggest what we think/believe is best or right approach but each individual has to understand their own circumstances, assimilate the information and make the final decisions that aligns with their financial plans and realities.

There’s no one size fits all to investments, you have to learn and practice to know what works for you and how best to go about it.
Consistency is the key.

[avp2306]

Yet they still do it right? That's where bItcoin is different, discretionary income or not you will be rewarded, it's why I believe that some people wouldn't even mind, Bitcoin for some it worth all the inconvenience that comes with it.

they don't care and the truth is Bitcoin makes it make sense on the long run anyways.

Sometimes the " don't put yourself in a tight position because you want to buy Bitcoin " advice is for you alone, many people don't care, having Bitcoin is a must for many.

You make everything sound like Investing in Bitcoin guarantees success. Well as you said the advice is for everyone even if they don't work with it. For me I think it much better and safer to do it right because anything that's worth doing is worth doing well. Most people get blinded by the benefits and profits they can make that's why they don't care and invest with whatever ever means they can even if they'll be investing with non discretionary funds.

It's best if we don't get careless and invest with only discretionary funds because it's not just about having some Bitcoins but about protecting our stash to survive that long because investing with non discretionary funds often leads to selling prematurely due to not taking care of your necessary expenses. These expenses are yours to solve and if you don't it is only a matter of time before it comes knocking.

As what I like Bitcoin to be notice and acquired by many, I also don't like it sounds like a ponzi scheme. Maybe best to have realistic approach and better not to hard sell Bitcoin, because potential and how useful it is on digital age will provably attract people to acquire Bitcoin.

Maybe on investment side yeah people really got attracted on possible profit to acquired, but its reasonable also to consider the risk so that people will get aware on certain things that they need to avoid. Then with that they can erase any greedy thoughts on Bitcoin. If they can make everything so well like they could able to pull a discretionary funds from their income then this will add great advantage to make their investment sustainable.

[ZeroVinsonN]

The simple truth is that there are people out there who actually want to buy as much bitcoin as possible in a very limited period of time that they end up buying outside of their discretionary income or sometimes still within their discretionary income but beyond what they can handle, just because it's your discretionary income doesn't mean it's all ment for buying bitcoin, even if your backup funds are already in place there are somethings best known to each individual that they would want to do with their discretionary income.

Yet they still do it right? That's where bItcoin is different, discretionary income or not you will be rewarded, it's why I believe that some people wouldn't even mind, Bitcoin for some it worth all the inconvenience that comes with it.

they don't care and the truth is Bitcoin makes it make sense on the long run anyways.

Sometimes the " don't put yourself in a tight position because you want to buy Bitcoin " advice is for you alone, many people don't care, having Bitcoin is a must for many.

You do realize that not all who have over time decided to invest in bitcoin have been successful in doing that, most who failed had this same mentality you are having right now, they told themselves it didn't matter where the money was coming from as long as they were investing it in bitcoin, you will find that there are people who sold properties and even mortgaged their houses to buy bitcoin and ended up selling shortly after even at a lose because it was either that or they would have been pushed to leave in the streets, their greed was their own undoing and right now you are preaching the exact same thing that led to them losing everything, saying it doesn't matter whether they only use their discretionary income, as long as they are investing in bitcoin it's worth it, but I'm telling you that having such a mentality is very wrong and will only lead to your own ruin if you keep telling yourself that.
If you want your bitcoin investment to have any chance at success you have to make sure your discretionary income is what's funding your investment and understand that bitcoin investment is long term.

[samadam007]

[edited out]

Aggressive might mean forcing yourself to buy an uncharacteristic amount, so there's a bit of a push to buy a larger amount. But I agree with you that if the benchmark is discretionary funds then that means we buy according to our own ability, and if the situation is that these discretionary funds are increasing then increasing the amount of purchase is the right choice. With your explanation, it is true and I understand it, and maybe what is meant by aggressive here is buying more than we can afford so that it damages the cash flow. In making decisions, it's good that we have to consider it first, not until when we get a moment that is indeed profitable and we make decisions without consideration.

You seem to be mixing up aggressive with overaggressive @Jody.Drummer, since if you overdo it then you are either going beyond your discretionary funds or you are going beyond what you can psychologically tolerate, even though it might still be within discretionary funds.

A person can be aggressive without having to overdo it, the problem here is that some people want to accumulate as much bitcoin as possible that they forget to keep it within their discretionary income or within what they can tolerate, they assume that since it's their discretionary income they can go all in with their investment without risk forgetting that there are other things they could do with their discretionary income as well.
Being aggressive isn't wrong on its own as long as the investor understands not to overdo it and keep it within what they can tolerate from their discretionary income, it will become counterproductive to overdo, especially since the plan is long term, we are not competing with anyone else, move at your own pace as an individual and don't lose sight of the goal.

Aggressive buying of BTC isn't bad as long as it's not been over do the problem comes when an investor over do it by buying beyond his limit or buying outside his discretionary income, people who over buy aggressively without been control and also forgotten they also need to set up some emergency funds has already started gambling with his bitcoin investment and may not stay long in the market without selling off most of this bitcoin holding.

The simple truth is that there are people out there who actually want to buy as much bitcoin as possible in a very limited period of time that they end up buying outside of their discretionary income or sometimes still within their discretionary income but beyond what they can handle, just because it's your discretionary income doesn't mean it's all ment for buying bitcoin, even if your backup funds are already in place there are somethings best known to each individual that they would want to do with their discretionary income.

Yet they still do it right? That's where bItcoin is different, discretionary income or not you will be rewarded, it's why I believe that some people wouldn't even mind, Bitcoin for some it worth all the inconvenience that comes with it.

they don't care and the truth is Bitcoin makes it make sense on the long run anyways.

Sometimes the " don't put yourself in a tight position because you want to buy Bitcoin " advice is for you alone, many people don't care, having Bitcoin is a must for many.

I get the hype, but this take is dangerously misleading.

“Discretionary income or not, you will be rewarded” is straight up wrong. Bitcoin has crashed 70-80% multiple times, and plenty of people who went all in got wrecked and had to sell at huge losses.

Telling people it’s a must no matter what is bad advice. The warning about not stretching yourself financially isn’t weak… it’s to stop you from doing something stupid like going into debt or skipping emergency savings just to buy Bitcoin. It can work long term for some, but only with money you can actually afford to lose.

[Grease5000]

It does seem as if investing and gambling are on a spectrum in terms of there are ways to engage in behaviors that are more towards one end of the spectrum or the other end of the spectrum, but they are likely not completely pure concepts in terms of being separable from one another as sometimes folks like to talk in terms of black and white absolutes.

Trading does seem to have a lot of aspects that are closer to gambling rather than to investing, even though there are ways that trading can be employed to hedge risk, so in that regard be incorporated as part of an overall investing strategy. and likely if any of us are wanting to consider trading as investing we would likely need to attempt to trade in bigger and wider gaps to offset risks or to serve as insurance rather than considering trading in terms of shorter term profit making. but I suppose there are some folks who can become really good at trading in such a way that they feel that they are not really taking very many risks because they are striving to set up their orders in such a way to take both sides, so they are merely hedging their bets which could end up fitting more within a kind of investing perspective rather than a gambling perspective.

I would also speculate that the more informed that you are regarding various factors, then it is likely that you are more able to set your bets in accordance with the probability of one outcome versus another outcome, so in that sense there would likely be less risk-taking involved. and it would fit less on the spectrum of gambling, even though some folks will still want to characterize such perspective and practices as gambling.

To me it seems difficult to even put certain types of investments on a spectrum of gambling, but i also get where y’all are coming from. Let’s say you’re buying something like gold or silver, you’re getting exactly the amount you paid for and your investment can’t vanish even if market prices fluctuate(the gold will always stay in your hands). Not really a gamble.

Maybe the gambling factor comes into play when the underlying asset is ignored by the investor and the only focus is the market price and higher returns, like waiting for something to go parabolic without understanding/ being interested about what you were investing into/ or wanting to actually own the asset, if it wasn’t for money.

Now if someone is risking their asset they didn’t previously gamble on, like the people that got their Bitcoin liquidated now, because they were over-leveraged, then we’re getting into high gambling territory. This has nothing to do with sane investing anymore.

But if i actually wanna own a part of x company trough good and bad times, because i believe they deliver a great value, i dont see how it’s gambling(then owning a company would be gambling too), its simply providing liquidity to where actual value is created. It’s more like keep tuning a car till it can win a race and beyond.

To me this was the original thought behind doing investments, tho i agree that this is getting more and more lost, but people who invest with strong principles will succeed more.

Now sure if i go into 100 companies in 5 days, it’s nothing else than gambling, because no one can possibly gather enough info about the underlying assets in this short amount of time.

Now if we go into the section of investing were no more underlying asset is bought, like derivatives, we’re coming closer into gambling territory.

So i see why the both are on a spectrum.

I suggest the structure of investing and gambling as a spectrum is very useful than treating them as completely separate ways.


At the investing end of the range, options are categories on the expected Long term values and cash flows.
Time sees to be prolonged, ricks is now managed through diversification and patiences.

This makes the investors expecting a unique and positive return over repetitions. Sometimes at the gambling ends one outcome are often dominated by Chance over the time horizon.
This may have statistical edge.
Massive returns are gotten by luck rather by ownership of a productive asset.
At the point the value to be gotten may be negative after the costs.
The expected value may even be negative after costs.
 Trading is all about risk management, time , participant behavior.
Therefore a well disciplined investor can buy Bitcoin,  hold for years and sell in due time without having fear .

I see your point, and I think the difference is in the mindset. For me, if I buy an asset because I understand it and believe in its long term value, that's investing. But if I'm only chasing quick profits without understanding what I'm buying, that's getting closer to gambling.

let take for instance if a market woman buying goods she knows her customers need. That is simple business. But if she buys some random goods with borrowed money because someone promised  or convince her she will make quick profit is more like gambling.

So I think while investing and gambling can be on a spectrum, knowledge, patience, and discipline make the difference.

[Joeboy]

The right time to buy Bitcoin is now.

This is absolutely misleading man, both for new members coming in and also others too. One thing we must understand is that there isn’t a right time to buy bitcoin, and most importantly having the long term mindset of holding bitcoin and applying DCA gives us more opportunities to buy bitcoin at any given conditions either during highs or lows it all depends on the investor.

“Buying now” such statements is very misleading because we know how the market is unpredictable so you suggesting buying now is a wrong idea.
Buying now at lows is a smart idea for those using DCA  but some new members might not have the idea of what you are saying so they might end up rushing into buying now with all they have and later face the consequences of their actions.
No right time to buy bitcoin, we can buy at any given time the important thing is our mindset toward it either long term or short term that will determine if our buys is right.

There is absolutely nothing misleading about Rockstarguy statement, infact you are the one twisting everything up and maybe it is because you don't really understand where he is coming from...Now being the right time to buy discourages any form of delay and procrastination and then remind folks that waiting for the best point of entry may continually lead to missed opportunities... The fact remains that no one can perfectly predict the market and so it would be be wise for folks to take action and kickstart their accumulation journey as soon as they have their discretionary income handy...

[NeuroticFish]

The right time to buy Bitcoin is now.

It's an interesting sentence given the current price evolution.
I mean, "the right time to buy Bitcoin is now" is usually said any day, no matter what. But imho when there are the "worse days" in the crypto winter, the moment becomes even better because the chances are very good that the agony of "current price is lower than my entry price" lasts the shortest.
Of course, most are in the "I don't buy that shit" phase in the worse days of crypto winter (oh, stupid psychology...), hence I like your sentence even more.

This is absolutely misleading man, both for new members coming in and also others too. One thing we must understand is that there isn’t a right time to buy bitcoin, and most importantly having the long term mindset of holding bitcoin and applying DCA gives us more opportunities to buy bitcoin at any given conditions either during highs or lows it all depends on the investor.

“Buying now” such statements is very misleading because we know how the market is unpredictable so you suggesting buying now is a wrong idea.
Buying now at lows is a smart idea for those using DCA  but some new members might not have the idea of what you are saying so they might end up rushing into buying now with all they have and later face the consequences of their actions.
No right time to buy bitcoin, we can buy at any given time the important thing is our mindset toward it either long term or short term that will determine if our buys is right.

I read different his statement.

First of all, whoever only invest because random people say so will not end well (usually FOMO buy at top and panic sell at bottom). One must use his brain, invest only if you understand what you're doing and what are the risks (you know, that DYOR we keep preaching)

"The right time to buy Bitcoin is now" is a well known phrase because people who always go by the "don't buy now because market is unpredictible" reasoning usually end up never buying.

The good point in your statement is DCA, which I also strongly advise. But imho you've missed the point that DCA also means buys. And imho doing one "leg" of the DCA "now" is always fine.

So while you are correct in reminding thew newbies that "the right time to buy Bitcoin is now" doesn't mean they have to put all their money into Bitcoin ASAP, it's incorrect to be harsh (eg "absolutely misleading") on the other post, even more given that it was writing pretty good "starting to buy Bitcoin now is the best way to enter the market because buying at a specific time is not better than when you should have bought".

[UpTober]

Yet they still do it right? That's where bItcoin is different, discretionary income or not you will be rewarded, it's why I believe that some people wouldn't even mind, Bitcoin for some it worth all the inconvenience that comes with it.

they don't care and the truth is Bitcoin makes it make sense on the long run anyways.

Sometimes the " don't put yourself in a tight position because you want to buy Bitcoin " advice is for you alone, many people don't care, having Bitcoin is a must for many.

You make everything sound like Investing in Bitcoin guarantees success. Well as you said the advice is for everyone even if they don't work with it. For me I think it much better and safer to do it right because anything that's worth doing is worth doing well. Most people get blinded by the benefits and profits they can make that's why they don't care and invest with whatever ever means they can even if they'll be investing with non discretionary funds.

Before investing, the investor must accept that investment will never guarantee him profit, if a person thinks that he has invested in Bitcoin and within a few days he will make a lot of profit, then his idea is wrong. Yes, many investors have succeeded by investing in Bitcoin, but the way they invested, the challenges they took on, as well as the patience they had, but investors have to hope that something good can happen in the future.

To make investors' investments long-term and to make investment easier, it is always said that investors invest in Bitcoin with the amount of money they have left over at the end of the month or which we usually consider as discretionary income. But investors who do not follow these things and invest with all their money thinking that there will be profit, without considering their income or expenses, but only face problems later and when their financial problems appear, these investors sell their investments after a few days.

I think it is better to invest relatively small amounts of money continuously, at the same time if you invest a large amount of money and have to sell it after a few days, then that purchase will not be of much use to the investor.

Being successful in the long term is not just about choosing the right assets but also about investing responsibly, staying financially stable, and maintaining patience and discipline throughout the journey.

It's best if we don't get careless and invest with only discretionary funds because it's not just about having some Bitcoins but about protecting our stash to survive that long because investing with non discretionary funds often leads to selling prematurely due to not taking care of your necessary expenses. These expenses are yours to solve and if you don't it is only a matter of time before it comes knocking.

Yes, of course, not only buying, but the big challenge for the investor is to hold Bitcoin during all the changes in the market, not to sell Bitcoin at all his own risk. I think all this is possible if an investor understands his income and invests, now the investor starts continuous investment with such an amount that he can continue for a few months, but if he does not have that ability later, then this investment will become chaotic and then he can move towards selling the investment. The investor has to determine what amount the investor can comfortably continue for a long time and the amount that is used for buying Bitcoin regularly, but the investor will not have any financial problems or the investor will not feel pressure to invest, then only then we can continue the investment for a long time.

From the time we start investing to continuing it for a long time, it will not be possible if we only have strong faith in our investment, but we must have money along with strong faith because if we do not have money, then we will not be able to continue investing. I think that the person who continues to invest little by little according to his ability for a long time is comparatively better than the person who uses a relatively large amount of money to invest in Bitcoin but who cannot maintain the investment for his own needs.

Many times, long-term success depends not on who bought more Bitcoin, but on who was able to hold on to his Bitcoin patiently even in difficult times.

[Agbam]

The right time to buy Bitcoin is now.

This is absolutely misleading man, both for new members coming in and also others too. One thing we must understand is that there isn’t a right time to buy bitcoin, and most importantly having the long term mindset of holding bitcoin and applying DCA gives us more opportunities to buy bitcoin at any given conditions either during highs or lows it all depends on the investor.

“Buying now” such statements is very misleading because we know how the market is unpredictable so you suggesting buying now is a wrong idea.
Buying now at lows is a smart idea for those using DCA  but some new members might not have the idea of what you are saying so they might end up rushing into buying now with all they have and later face the consequences of their actions.
No right time to buy bitcoin, we can buy at any given time the important thing is our mindset toward it either long term or short term that will determine if our buys is right.

The statement is not harmful or misleading in anyway, there’s a notion in your head which makes you think otherwise. I’m thinking it’s because we’re in a dip you’re feeling it’s a wrong thing to say but it’s not.

Actually it’s the only valid thing cos the best time to buy bitcoin is now, and the dip even makes it sweeter so you can’t say it’s misleading. So long as you have your discretionary you can start buying immediately and if you’re already investing now is the kind of time you’ll want to be aggressive and maybe use your reserves to buy more.

If you’re saying the statement is wrong or misleading, are you suggesting they wait till the market start going back up before they start buying?

[KeenanEl19]

The right time to buy Bitcoin is now.

This is absolutely misleading man, both for new members coming in and also others too. One thing we must understand is that there isn’t a right time to buy bitcoin, and most importantly having the long term mindset of holding bitcoin and applying DCA gives us more opportunities to buy bitcoin at any given conditions either during highs or lows it all depends on the investor.

“Buying now” such statements is very misleading because we know how the market is unpredictable so you suggesting buying now is a wrong idea.
Buying now at lows is a smart idea for those using DCA  but some new members might not have the idea of what you are saying so they might end up rushing into buying now with all they have and later face the consequences of their actions.
No right time to buy bitcoin, we can buy at any given time the important thing is our mindset toward it either long term or short term that will determine if our buys is right.

What I know is that DCA is a strategy that is carried out consistently based on the amount and time, and without being affected by market price conditions. So buying now makes sense, especially by using the DCA strategy, so I don't think Rockstarguy's statement is misleading. And even for beginners, I think if they already have the basic knowledge then buying it as soon as possible is not a wrong move as long as the funds used are discretionary funds.

Even with the bolded, it seems to be in line with buying now, so you think buying now is the wrong decision but on the other hand you said you can buy anytime and I think that could mean buying now.

[B2Z]

If we come to bitcoin with an investment focus that may well be 4-10 years or longer, then sure we likely expect that our bitcoin is going up in value and our total holdings will be in profits by the time we start to sell some of it later down the road, yet at the same time, even if we are assuming profits, we may also be ongoingly measuring how much bitcoin we have and is it worth enough so that we can start to sell some of it.. and so the focus is not really about profits but instead about having enough of it... and it can take a long time for guys to build up their bitcoin holdings to such an extent that they have enough or more than enough. 

Focusing on profits is a distraction, even though it is not irrelevant.. but instead it is presumed to be that the holdings will be "in profits" later down the road and when we start to cash out we might do price-based withdrawals and/or time-based withdrawals.. and profits are hardly even needed to be thought about.. and there might be questions that if we are starting to want generate $80k per income per year from our bitcoin, then how much is the minimum amount of bitcoin to have, and perhaps we want to make sure that our bitcoin holdings are 20% or more larger than the minimum amount to have.

Rather than giving too much importance to temporary profits, the priority should be given to how much Bitcoin an investor is able to accumulate in his portfolio over time. When investors start investing in new situations, they start checking their wallets repeatedly after making a few steps of investment and start calculating how much profit they have made. 100% profit is a very attractive thing for investors, but if the investment amount is very small and the person gets 100% profit, then even that profit will not be of any use to him. For example, if an investor buys $10 worth of Bitcoin and after a few years, if that $10 becomes $20, it will not be of much use.  On the other hand, someone who has a sufficient amount of Bitcoin will not always think about how much temporary profit or temporary loss he has made, but rather, they will aim to gradually accumulate this amount of Bitcoin with a plan for the future, so that in the future he can sell this Bitcoin if necessary or be in a good position to sell his total investment.

I think for these reasons, it becomes more important than a specific goal to know how consistently I have been able to invest and how much Bitcoin I have been able to hold for a long time. If an investor discusses from all these perspectives, I believe he will definitely say that profit is not the main thing for him, but rather how consistently he can continue investing or how much Bitcoin he can fold in a long time.

Emergency funds should be the last line of defense that you would tap into if you run out of all other funds. After you deplete your emergency funds then you would only have your bitcoin left to tap into

Some people do not understand the need for an emergency fund, that is, they sometimes use money from this emergency fund luxuriously. If an investor has an emergency fund while investing, then the investor must use it properly, if the emergency fund is used for a small need, then it will not be the proper use of the emergency fund, but investors should use money from this emergency fund only when there is a real danger or when there is no other option. We often mix these two things together, that is, when we do not have money, we take money from the emergency fund and invest in Bitcoin, but these two should be kept separate, that is, Bitcoin should be invested continuously for the future and the emergency fund should be kept ready so that it can be used in times of severe danger, that is, so that Bitcoin is safe.  In the case of long-term investment, there is definitely a need for an emergency fund because financial problems can arise at any time and if an investor has an emergency fund at that time, then he can use this emergency fund to get out of that danger without selling the investment. That is why in the case of investment, one should not only think about buying but also think about many other things that are good for investment.