JJG’s Outline of Bitcoin Investment Ideas

[ruykeri]

I Have not been active on this thread  for a while now, I was  busy with other things but obviously  I'm back again  as it's one of my favorite  threads  where I see different  ideas from different  people. I can see that alot has  been said going  through  the thread  this morning, contributions are topnotch  the lasted discussion  I saw was about taking  advantage  of the current  dip and accumulate  as much as you can and that's absolutely  perfect  if you have you way you should  probably  increase  your DCA if it won't  affect  you basic needs and daily  enpenses, this is because  you're  actually  getting  to buy lot cheaper  and once the price correct  you lose that opportunity  and it might tKe a while to get the low price  to buy again to taking  advantage  of this time can't  be over emphasize  it's just the best thing to do at the moment.

Yes, many people are talking about this issue because of the current low price of Bitcoin. Most are actually emphasizing holding and continuing to invest regularly. But in reality, it is not known how many people are able to control their emotions and stay away from panic selling at this time. Some are panic selling at this time, some are holding mentally strong. Some are investing aggressively, because many have been waiting for this kind of price drop for a long time. Those who hold at this moment and can continue investing patiently will actually be successful in the future. Because such a fall in the price of Bitcoin has been observed in the past, but Bitcoin has turned around time and again. So long-time holders are now having to test their patience.

[Frankolala]

Yes, many people are talking about this issue because of the current low price of Bitcoin. Most are actually emphasizing holding and continuing to invest regularly. But in reality, it is not known how many people are able to control their emotions and stay away from panic selling at this time. Some are panic selling at this time, some are holding mentally strong.

This is why you're advice to only invest with you discretionary income because we know that a time will come like this because we have both bear market and bull run. Of course, this is the time to continue with your DCA weekly purchase without panic because you will get cheaper coins in discount.

Having an emergency funds and reserve funds will keep you away from selling your bitcoin when it's not of your will. Bitcoin investment is a long investment and you need to prepare your mindset towards that and have a bitcoin target to accumulate in order to stay focus on your goal.

[Big Dirams]

Yes, many people are talking about this issue because of the current low price of Bitcoin. Most are actually emphasizing holding and continuing to invest regularly. But in reality, it is not known how many people are able to control their emotions and stay away from panic selling at this time. Some are panic selling at this time, some are holding mentally strong.

This is why you're advice to only invest with you discretionary income because we know that a time will come like this because we have both bear market and bull run. Of course, this is the time to continue with your DCA weekly purchase without panic because you will get cheaper coins in discount.

Having an emergency funds and reserve funds will keep you away from selling your bitcoin when it's not of your will. Bitcoin investment is a long investment and you need to prepare your mindset towards that and have a bitcoin target to accumulate in order to stay focus on your goal.

Investment should always be done with our discretionary income. And investing in bitcoin with discretionary income and applying the DCA strategy shows that we are embark on a long term journey so no need for us to get frustrated or panic over any market conditions instead we seeing dips should be a big opportunity for us to use our DCA strategy and accumulate at lower price and keep the consistency in proper Check.

Emergency funds and reserve funds will be a good help to us to keep up with any situations that comes up unaware without not  going to our holdings and seeing it as option to sell. Emergency funds and reserve funds saves us from such fortune.

[Popkon6]

I Have not been active on this thread  for a while now, I was  busy with other things but obviously  I'm back again  as it's one of my favorite  threads  where I see different  ideas from different  people. I can see that alot has  been said going  through  the thread  this morning, contributions are topnotch  the lasted discussion  I saw was about taking  advantage  of the current  dip and accumulate  as much as you can and that's absolutely  perfect  if you have you way you should  probably  increase  your DCA if it won't  affect  you basic needs and daily  enpenses, this is because  you're  actually  getting  to buy lot cheaper  and once the price correct  you lose that opportunity  and it might tKe a while to get the low price  to buy again to taking  advantage  of this time can't  be over emphasize  it's just the best thing to do at the moment.

Yes, many people are talking about this issue because of the current low price of Bitcoin. Most are actually emphasizing holding and continuing to invest regularly. But in reality, it is not known how many people are able to control their emotions and stay away from panic selling at this time. Some are panic selling at this time, some are holding mentally strong. Some are investing aggressively, because many have been waiting for this kind of price drop for a long time. Those who hold at this moment and can continue investing patiently will actually be successful in the future. Because such a fall in the price of Bitcoin has been observed in the past, but Bitcoin has turned around time and again. So long-time holders are now having to test their patience.

If you invest in Bitcoin by following the DCA method, it will definitely be possible to sustain it for a long time. Because those investors who are weak Bitcoin holders and those who hold Bitcoin for income will panic and sell Bitcoin. Therefore, instead of focusing on selling Bitcoin, you should focus on buying Bitcoin. In this situation, holding Bitcoin tightly is the best, and this is the best time to buy Bitcoin and hold Bitcoin for a long time.

[Different patterns]

[edited out]

While it's good to invest aggressively when a person can, it's still not proper to go overboard with it. Being overaggressive can be costly because it means going out of the right way by either going beyond discretionary income or putting in more than you can afford which is totally wrong because investment is not meant to cause financial and psychological pressure. Most people get the idea of aggressive accumulation wrongly that's why they end up doing it wrongly. We are expected to be able to know our aggressive limit since we know how much we can take.

I agree with you, there's no universal amount for aggressive accumulation and it's totally the decision of every investor to determine how aggressive they go and when they do it since we all have different situations, expenses and even discretionary fund. In the end ones aggressiveness is determined by how much of their discretionary income they can put into buying Bitcoin and not how much they earn or how much discretionary income they have.
Each investor need to set their own rule of aggressiveness based on their own situation in a way that they form a balance approach by considering other uses of the discretionary fund and not just focusing on a certain category and not neglecting the others.

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.

I agree with your point, and example here is well understood, now just because we have enough of our discretionary income to buy bitcoin doesn’t mean we should always invest the maximum amount all the time. Financial planning is also matter in investment, because is all about balancing long term goals with present responsibilities.

And my own opinion is that a sustainable strategy is one that can always stick for a years, because whenever life changes, investing consistently while maintaining the real life situation is always better than over committing and later forced to stop investing altogether. And for the example of reducing bitcoin buying temporarily to support a family event shows that being a flexible is not a bad thing, that’s the sign of good money management, we can still continue buying bitcoin gradually while still taking care of important obligation and still maintaining our emergency funds.

[puloweh555]

Yes, many people are talking about this issue because of the current low price of Bitcoin. Most are actually emphasizing holding and continuing to invest regularly. But in reality, it is not known how many people are able to control their emotions and stay away from panic selling at this time. Some are panic selling at this time, some are holding mentally strong. Some are investing aggressively, because many have been waiting for this kind of price drop for a long time. Those who hold at this moment and can continue investing patiently will actually be successful in the future. Because such a fall in the price of Bitcoin has been observed in the past, but Bitcoin has turned around time and again. So long-time holders are now having to test their patience.

If you invest in Bitcoin by following the DCA method, it will definitely be possible to sustain it for a long time. Because those investors who are weak Bitcoin holders and those who hold Bitcoin for income will panic and sell Bitcoin. Therefore, instead of focusing on selling Bitcoin, you should focus on buying Bitcoin. In this situation, holding Bitcoin tightly is the best, and this is the best time to buy Bitcoin and hold Bitcoin for a long time.

The DCA method is indeed one of the best strategies for BTC but many investors fail because they lack the mental fortitude and knowledge. Without these two, they usually just follow the crowd. When the price drops they panic and stop DCA or even sell at a loss. I mean, the DCA method is good for Bitcoin investment but without confidence in Bitcoin the DCA method will also be useless if there is a sharp decline.

So, the best advice to avoid panicking when the market price fluctuates is to learn Bitcoin thoroughly before DCA so that you have confidence that when a sharp decline occurs you will consider it a discount. In essence, DCA without understanding is the same as slow gambling. But DCA coupled with understanding and patience is one of the most sensible ways to build wealth in BTC.

[BluebloodCXVI]

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.

So you’re proclaiming that you’d rather follow the crowd than do what you know is the right thing to do? humans never cease to amaze me…….    Just because people are doing something doesn’t mean that thing is automatically a good strategy. Perhaps some people have taken financial risks in the past and it somehow worked for them but that doesn’t mean the risk they took at that time was a wise choice, most of them probably got lucky.
When we advise people not put themselves in tight financial situations just because they want to invest, it’s not like we are anti-bitcoin or some shit, It is because nobody knows what life could throw at you tomorrow, it could be a job loss, an unexpected medical bill, a family emergency, or an unexpected expense and this can force someone to sell their Bitcoin long before they planned to.
Certainly, the irony of this whole thing is that the people who benefit the most from Bitcoin's long term growth are often the ones who aren't forced to touch their stack when things get difficult, so i don't see it as a choice between conviction and caution because you can believe deeply in bitcoin and still be able to make sure your basic financial needs are covered. To me, that's not weak conviction rather it is what gives you the best chance of staying in the game long enough to see the rewards you're expecting.

[Primark]

Yes, many people are talking about this issue because of the current low price of Bitcoin. Most are actually emphasizing holding and continuing to invest regularly. But in reality, it is not known how many people are able to control their emotions and stay away from panic selling at this time. Some are panic selling at this time, some are holding mentally strong. Some are investing aggressively, because many have been waiting for this kind of price drop for a long time. Those who hold at this moment and can continue investing patiently will actually be successful in the future. Because such a fall in the price of Bitcoin has been observed in the past, but Bitcoin has turned around time and again. So long-time holders are now having to test their patience.

If you invest in Bitcoin by following the DCA method, it will definitely be possible to sustain it for a long time. Because those investors who are weak Bitcoin holders and those who hold Bitcoin for income will panic and sell Bitcoin. Therefore, instead of focusing on selling Bitcoin, you should focus on buying Bitcoin. In this situation, holding Bitcoin tightly is the best, and this is the best time to buy Bitcoin and hold Bitcoin for a long time.

The DCA method is indeed one of the best strategies for BTC but many investors fail because they lack the mental fortitude and knowledge. Without these two, they usually just follow the crowd. When the price drops they panic and stop DCA or even sell at a loss. I mean, the DCA method is good for Bitcoin investment but without confidence in Bitcoin the DCA method will also be useless if there is a sharp decline.

So, the best advice to avoid panicking when the market price fluctuates is to learn Bitcoin thoroughly before DCA so that you have confidence that when a sharp decline occurs you will consider it a discount. In essence, DCA without understanding is the same as slow gambling. But DCA coupled with understanding and patience is one of the most sensible ways to build wealth in BTC.

The idea that you need to know everything thoroughly before starting DCA or investing is wrong. All you need to start is discretionary income. And thinking of knowing everything and then starting is actually an excuse not to start. And once you start, you will have enough time to gradually learn about confidence, the natural law of price decline, everything. But if you keep chasing learning without starting, then in reality you are ignoring the main point of learning. Remember that there is a huge difference between learning from your own real experience and learning by studying and researching.

[Cgrexp]

I agree with your point, and example here is well understood, now just because we have enough of our discretionary income to buy bitcoin doesn’t mean we should always invest the maximum amount all the time. Financial planning is also matter in investment, because is all about balancing long term goals with present responsibilities.

And my own opinion is that a sustainable strategy is one that can always stick for a years, because whenever life changes, investing consistently while maintaining the real life situation is always better than over committing and later forced to stop investing altogether. And for the example of reducing bitcoin buying temporarily to support a family event shows that being a flexible is not a bad thing, that’s the sign of good money management, we can still continue buying bitcoin gradually while still taking care of important obligation and still maintaining our emergency funds.

All Investors should have a  plan to set an amount that they can sustain for the long term. If they investing aggressively without considering their own financial security and responsibilities it  can be risky. More important than the amount of investment is consistency. That is, it is more realistic to hold on to a small investment than to sell it by setting a large amount. Investments are sustainable only when an investor makes decisions that balance their current responsibilities and financial security.

[icebar]

...

It is better not to allocate the entire amount of discretionary income to Bitcoin accumulation. While accumulation Bitcoin you should create an emergency fund and use your discretionary income for your extra expenses. That is, if you have $100 of discretionary income, divide it into three parts instead of allocate full part of Bitcoin. Most of it is for Bitcoin and the other two parts are for creating emergency fund and the other for extra expenses. If you have a feasible and satisfactory emergency fund, you will accumulate most of your discretionary income in Bitcoin.

This is very dangerous because if you do everything, it will create problems for those who do it. When something unexpected happens, while all our income has been used to accumulate Bitcoin, we end up borrowing from others to solve our current problems. Ultimately, we encounter problems in repaying the loans we took out, even though we were investing. At that point, our thinking becomes chaotic, leading to our failure to accumulate Bitcoin.

In my opinion, if it is permissible to set aside money, it is better, for example, if we earn $50,000 every week, we have to set aside half of that amount just to accumulate Bitcoin and the rest we use for our primary needs while waiting for the time when our income comes back, so I think it is very easy and this indicates that what we must have is a procedure for managing finances that we must do well with the income we earn so that we can fulfill our desire to accumulate Bitcoin and also the need to survive that we must fulfill so that by knowing such a method, everything feels very easy.

You are kind of right, if an investor has $100 dollar after settling all his essentials need  he can allocate $50 to buying of, $30 dollar to building an emergency fund, and keep the remaining $20 dollar for any extra expenses.This way, while building a Bitcoin portfolio, they are also growing an emergency fund at the same time, without having to worry too much about unexpected situations in the future. It creates a better balance between investing and financial security.

While your 50/30/20 ratio is probably a good example, it may not be applicable to everyone. Because there may be some people who already have an emergency fund and can put more into Bitcoin if they want. On the other hand, those who have no emergency fund at all or have irregular income should focus more on their emergency fund first. Not everyone's income is the same. While it may be normal for some to put 50% of their income into Bitcoin, for others, putting 20% ​​can be stressful. Therefore, it may be reasonable to invest based on discretionary income rather than a fixed percentage.

[Lembo69]

All Investors should have a  plan to set an amount that they can sustain for the long term. If they investing aggressively without considering their own financial security and responsibilities it  can be risky. More important than the amount of investment is consistency. That is, it is more realistic to hold on to a small investment than to sell it by setting a large amount. Investments are sustainable only when an investor makes decisions that balance their current responsibilities and financial security.

In the case of long-term investment, one must maintain investment discipline and balance. Because it can take a long time to build a sustainable investment. But if someone keeps their investment balance right from the beginning and can buy regularly through the DCA strategy, then perhaps it will not take him much time to build a sustainable investment. In fact, the investments of those people are never sustainable, those who invest in the hope of short-term profits, it would not be wrong to call them traders, because they enter the market in the hope of short-term profits. An investor whose plan is to invest in less or less 1 or 2 cycles, he keeps depositing Bitcoin at a regular rate just in the hope of further advancing his Bitcoin investment, be it through the DCA strategy, but those investors never retreat from their goal. Whose only concern is to build a sustainable investment

[SmartCharpa]

If you invest in Bitcoin by following the DCA method, it will definitely be possible to sustain it for a long time. Because those investors who are weak Bitcoin holders and those who hold Bitcoin for income will panic and sell Bitcoin. Therefore, instead of focusing on selling Bitcoin, you should focus on buying Bitcoin. In this situation, holding Bitcoin tightly is the best, and this is the best time to buy Bitcoin and hold Bitcoin for a long time.

Using the DCA method does not guarantee success in Bitcoin, and the method itself does not guarantee that you can maintain it for the long time. DCA is one of the best strategies to maintain your bitcoin for a long time if you are able to set aside a discretionary income from your earnings. A Long term mindset is the best thing in Bitcoin, but even though you use the DCA method, you still need to be consistent and patience with it, because they make the strategy work over time.

So, the best advice to avoid panicking when the market price fluctuates is to learn Bitcoin thoroughly before DCA so that you have confidence that when a sharp decline occurs you will consider it a discount. In essence, DCA without understanding is the same as slow gambling. But DCA coupled with understanding and patience is one of the most sensible ways to build wealth in BTC.

If you want to avoid panicking, you need to stop concentrating too much on the market. Some people focus more on the market as if they are investing for the short term. If you invest for the long term yet keep focusing on the market, you may end up selling at a loss because you will panic whenever the market is going down. Sure, you still need to understand how DCA works in order to continue buying gradually with what you can afford. The goal is maintain your plan, so concentrating on the market changes will control your emotions, and it can lead to a wrong decision.

[ejikeme24]

So, the best advice to avoid panicking when the market price fluctuates is to learn Bitcoin thoroughly before DCA so that you have confidence that when a sharp decline occurs you will consider it a discount. In essence, DCA without understanding is the same as slow gambling. But DCA coupled with understanding and patience is one of the most sensible ways to build wealth in BTC.

Even though you have an adequate level of understanding or information about bitcoin if you lack emotional control you may likely sell your holdings when the market is making some correction. So knowing everything about bitcoin investment can not save you when you find yourself in such situation,  I'm not saying that learning doesn't help of course it does but as for these aspect of dip what you need to withstand the pressure is discipline, for example; f your initial plan is to invest for four years you need to vow that nothing will ever make you sell it after making such vow you need discipline to be able to stick to it.

[Creeper0]

Using the DCA method does not guarantee success in Bitcoin, and the method itself does not guarantee that you can maintain it for the long time. DCA is one of the best strategies to maintain your bitcoin for a long time if you are able to set aside a discretionary income from your earnings. A Long term mindset is the best thing in Bitcoin, but even though you use the DCA method, you still need to be consistent and patience with it, because they make the strategy work over time.

Your strong attitude, patience, discipline and compromise play a role in long-term investment. Deep knowledge, prudence, proper planning and right steps play a role in successful investment. DCA is only an investment strategy, DCA can never guarantee long-term success or investment success.

However, one investment is connected to another. If one step is good, its positive impact falls on every department and if any department is bad, its negative impact falls on other departments. For example, if you continue to invest in an investment strategy that is not suitable for you, then there will be uncertainty about holding it in the long term and uncertainty about success in investment will also arise. If you invest outside of discretionary money, the same possibility will arise. If there is a lack of knowledge, then there will be a negative impact on investment strategy and investment success. Basically, you have to try to be perfect in all aspects in investment, a small mistake can ruin your long-term dream.

[Grease5000]

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 disagree a bit. Just because someone doesn't mind the inconvenience doesn't mean it's the best approach. That is why why discretionary income is not only for  Bitcoin accumulation because you can be buying bitcoin and building your emergency fund at the same from your discretionary income

And by using the DCA method a low earner can keep buying Bitcoin consistently while still having money for emergencies and other needs. Foe me the goal is not to buy the most Bitcoin today, but to keep accumulating for years.

[KeenanEl19]

Any real investor that is willing to invest in Bitcoin will not be distracted by the price because investing in Bitcoin is something that someone have to prepare himself for so that they can be able to build their Bitcoin portfolio. That is why it is very important for bitcoin investors to use DCA strategy and also have the intention of long-term investment, an investment should be done using discretionary income. If investors follow all this processes honestly you will not be distracted even though there is dip rather he will use it as his own advantage to accumulate more.

One strategy that is suitable for use without being affected by prices is DCA, because this is a strategy that is carried out with a set time and budget by doing it consistently without being affected by prices, even though prices tend to rise, still do it with the amount and time that has been set.
 
When the price drops, true investors will not panic because as you said when the price drops they can take advantage of this to accumulate more assets, of course with calculations or considerations that have been made.

[Queen uloma]

Using the DCA method does not guarantee success in Bitcoin, and the method itself does not guarantee that you can maintain it for the long time. DCA is one of the best strategies to maintain your bitcoin for a long time if you are able to set aside a discretionary income from your earnings. A Long term mindset is the best thing in Bitcoin, but even though you use the DCA method, you still need to be consistent and patience with it, because they make the strategy work over time.

Your strong attitude, patience, discipline and compromise play a role in long-term investment. Deep knowledge, prudence, proper planning and right steps play a role in successful investment. DCA is only an investment strategy, DCA can never guarantee long-term success or investment success.

However, one investment is connected to another. If one step is good, its positive impact falls on every department and if any department is bad, its negative impact falls on other departments. For example, if you continue to invest in an investment strategy that is not suitable for you, then there will be uncertainty about holding it in the long term and uncertainty about success in investment will also arise. If you invest outside of discretionary money, the same possibility will arise. If there is a lack of knowledge, then there will be a negative impact on investment strategy and investment success. Basically, you have to try to be perfect in all aspects in investment, a small mistake can ruin your long-term dream.

I agree with you, DCA is just one investment strategy on its own but it doesn’t still guarantee success. Successful investment depends on your knowledge, risk management, proper planning, patience and discipline. I am not saying that a person must be perfect in all round because nobody is perfect to avoid every mistake. Even investor makes mistakes from time to time so the best thing is to learn from those mistakes and avoid repeating them.
I believe that long-term investment success comes from making good decisions than bad decisions over time. If your strategy matches with your goals, your financial status, your risk tolerance, you are in a better position of staying consistent even when the market becomes unstable. Rather than striving for perfection, I will advise investors to focus more on learning, make good decisions and be discipline.

[Silikiem]

Yes, many people are talking about this issue because of the current low price of Bitcoin. Most are actually emphasizing holding and continuing to invest regularly. But in reality, it is not known how many people are able to control their emotions and stay away from panic selling at this time. Some are panic selling at this time, some are holding mentally strong. Some are investing aggressively, because many have been waiting for this kind of price drop for a long time. Those who hold at this moment and can continue investing patiently will actually be successful in the future. Because such a fall in the price of Bitcoin has been observed in the past, but Bitcoin has turned around time and again. So long-time holders are now having to test their patience.

If you invest in Bitcoin by following the DCA method, it will definitely be possible to sustain it for a long time. Because those investors who are weak Bitcoin holders and those who hold Bitcoin for income will panic and sell Bitcoin. Therefore, instead of focusing on selling Bitcoin, you should focus on buying Bitcoin. In this situation, holding Bitcoin tightly is the best, and this is the best time to buy Bitcoin and hold Bitcoin for a long time.

The DCA method is indeed one of the best strategies for BTC but many investors fail because they lack the mental fortitude and knowledge. Without these two, they usually just follow the crowd. When the price drops they panic and stop DCA or even sell at a loss. I mean, the DCA method is good for Bitcoin investment but without confidence in Bitcoin the DCA method will also be useless if there is a sharp decline.

So, the best advice to avoid panicking when the market price fluctuates is to learn Bitcoin thoroughly before DCA so that you have confidence that when a sharp decline occurs you will consider it a discount. In essence, DCA without understanding is the same as slow gambling. But DCA coupled with understanding and patience is one of the most sensible ways to build wealth in BTC.

It is left for individual to decide how much knowledge they will want to have trying to learn about bitcoin before they can start investing, but for an individual who already have a discretionary income available and wants to invest with the DCA method he doesn’t need to waste much time trying to learn bitcoin thoroughly before he can start buying with the DCA. He can start buying bitcoin and invest with the DCA and hold if his discretionary income is available and as time goes on while he’s ongoing DCAing he will be able to understand more and gain further knowledge. Market price fluctuations is inevitable In bitcoin so for a long term investor it’s always best to approach the market with a discretionary income when our basic needs are being met then using the cash we won’t be needing anytime soon.

[IceLincoln]

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?

All these are just misunderstanding between you too. I agree with you that the best time to buy Bitcoin was yesterday, and another best time to buy is now, wether it is a dip market or not, as long as your discretionary income is available and ready, buying and starting your Bitcoin accumulation journey is what you should do, their is no point in wasting time.

The only thing that is wrong is when you are waiting for the dip before buying, but as long as you are not waiting for it before buying, then it's never a problem even if you buy aggressively within the confinement of your discretionary income.

For whatever strategy you are using to accumulate bitcoin now is an added advantage to try to accumulate as much as possible. For those using the DCA strategy, accumulating constantly have been their routine so this period only an advantage to get more, while for those using the Buy the dip, this period is the actual time to strike, for some who might want to wait for more dip is on a risk because we don’t know when the dip will end.

So for every strategy you are using make sure you make most of this Dip and accumulate much investment. But also even as we are trying to take advantage this period we should make sure we are buying within our discretionary income. We shouldn’t get carried away and involve the mindset of a trader in our investment.

It is wrong when guys tend to change their aggressive stance on Bitcoin acquisition based on changes in the price of Bitcoin, rather than their own financial situation. If they realize that their financial situation is quite strong based on recent events  such as receiving some extra pay or getting rid of some expenses  or they find some additional funds to invest in Bitcoin, then they may be in a position to increase their investment based on the strength of their financial situation, rather than making a big change based on the idea of ​​a price drop. On the other hand, many investors may conclude that the price of Bitcoin is currently at a low point that is suitable for increasing their investment. But if someone considers themselves to be in the early stages of Bitcoin acquisition, it may not be good for them to change their financial situation too much to invest a large sum of money at once, especially in a situation where their financial situation has not changed much and they are just getting excited about the current price decline. We should try to restrain ourselves from getting emotional about Bitcoin. Many people may want to change their level of aggression based on the price from time to time, and they certainly have the right to do so. However, this may not be a very disciplined approach to Bitcoin investing. Especially since many of us who are in Bitcoin with an investment mindset probably realize that it could take 10 years or more to build up our Bitcoin holdings to a meaningful amount.

If you’re truly investing in bitcoin and you say you don’t change your aggressive stance based on price then I think you’re lying or actually a whale who doesn’t care. You can’t go aggressive on ATHs and go normal for dips!…
If I’m buying $50 weekly at $100k price then price drops to $60k and I have enough discretionary or reserves I would like to go in with more than my usual amount to take advantage of the discounted price.
The aim of investing is to own more bitcoin and dips provides an opportunity of accumulating more at a lesser price.
Inasmuch as we’re planning for the long term we are also looking to have more BTC at the end of the day.

[RockBell]

I Have not been active on this thread  for a while now, I was  busy with other things but obviously  I'm back again  as it's one of my favorite  threads  where I see different  ideas from different  people. I can see that alot has  been said going  through  the thread  this morning, contributions are topnotch  the lasted discussion  I saw was about taking  advantage  of the current  dip and accumulate  as much as you can and that's absolutely  perfect  if you have you way you should  probably  increase  your DCA if it won't  affect  you basic needs and daily  enpenses, this is because  you're  actually  getting  to buy lot cheaper  and once the price correct  you lose that opportunity  and it might tKe a while to get the low price  to buy again to taking  advantage  of this time can't  be over emphasize  it's just the best thing to do at the moment.

Yes, many people are talking about this issue because of the current low price of Bitcoin. Most are actually emphasizing holding and continuing to invest regularly. But in reality, it is not known how many people are able to control their emotions and stay away from panic selling at this time. Some are panic selling at this time, some are holding mentally strong. Some are investing aggressively, because many have been waiting for this kind of price drop for a long time. Those who hold at this moment and can continue investing patiently will actually be successful in the future. Because such a fall in the price of Bitcoin has been observed in the past, but Bitcoin has turned around time and again. So long-time holders are now having to test their patience.

If you invest in Bitcoin by following the DCA method, it will definitely be possible to sustain it for a long time. Because those investors who are weak Bitcoin holders and those who hold Bitcoin for income will panic and sell Bitcoin. Therefore, instead of focusing on selling Bitcoin, you should focus on buying Bitcoin. In this situation, holding Bitcoin tightly is the best, and this is the best time to buy Bitcoin and hold Bitcoin for a long time.

DCA should be one of the most easiest route to follow when you want to invest in Bitcoin DCA should one of the most easiest and people don't even need to do to much when it comes to Bitcoin investments it's just for you to understand how this things work, and when you know then investing is no longer a problem and the only thing that can be done is just consistency because a lot of people find it very difficult and they are always considering the money they will use and they forget that it's for there own benefits and this is because they just don't understand how this things works. And if they do they should not even stress them self if they are not ready to be committed.