JJG’s Outline of Bitcoin Investment Ideas

[Grease5000]

I agree with you, many investors always mistakes being aggressive, to being financially strong. To buy every dip may sound smart, but if the money you are using to invest is not money that you can comfortably leave  in long term, then you are putting yourself under unnecessary risk. The important thing is not how much you buy during a dip, but if you can survive if the market falls. Nobody knows tomorrow. What may look like a small dip today, can turn into life changing wealth in the future. I believe that emergency fund and regular DCA should come first. Buying during the dip is good, but only when it won’t affect your financial stability. So the goal isn’t just to accumulate more assets, but to avoid putting yourself in a situation where you would force your self to sell at a wrong time.

Calling "buying the dip" good still pushes that market timing mindset. It's basically guessing when to throw extra money in, and most people get it wrong. They buy too early, go too hard, then freak out and sell when it drops more. Nobody knows tomorrow like you said
Trading and chasing dips isn't investing, it's just speculating.
It’s better to just stick with steady DCA and ignore the dips completely

All methods known for accumulating Bitcoin are all good. In as much as we do not support newbies to make use of buying the dip method at the beginning of their Bitcoin investments does not mean that the method is totally bad the method is good and it can at some point aid an investor to fronload his/ her Bitcoin investment but how investors decide to make use of the method determines if it is bad or good. However if you are steadily accumulating Bitcoin with DCA method and the price of Bitcoin dropped and you have available discretionary income to seize the opportunity the market has presented to you, do not hesitate to buy as much as Bitcoin you could buy at a low price because at the time buying the dip is a good method.

I agree with you. many people think buying every dip makes them smart investors, forgetting that what really matters is whether they can keep holding for the long term.

 For me I prefer to stick with  the DCA strategy and use only my discretionary income. If a dip comes and I have extra money available, fine. But I won't put myself under pressure just to buy more. Because  the main goal is not just to accumulate Bitcoin, but to avoid a situation where I have to sell it because I didn't plan well.

[laspol65]

Calling "buying the dip" good still pushes that market timing mindset. It's basically guessing when to throw extra money in, and most people get it wrong. They buy too early, go too hard, then freak out and sell when it drops more. Nobody knows tomorrow like you said
Trading and chasing dips isn't investing, it's just speculating.
It’s better to just stick with steady DCA and ignore the dips completely

However if you are steadily accumulating Bitcoin with DCA method and the price of Bitcoin dropped and you have available discretionary income to seize the opportunity the market has presented to you, do not hesitate to buy as much as Bitcoin you could buy at a low price because at the time buying the dip is a good method.

I agree with you. many people think buying every dip makes them smart investors, forgetting that what really matters is whether they can keep holding for the long term.

 For me I prefer to stick with  the DCA strategy and use only my discretionary income. If a dip comes and I have extra money available, fine. But I won't put myself under pressure just to buy more. Because  the main goal is not just to accumulate Bitcoin, but to avoid a situation where I have to sell it because I didn't plan well.

If you invest in Bitcoin, you should definitely plan for the long term, because those who do not plan Bitcoin investment in a long term are the ones who mainly lose from the investment and blame Bitcoin investment. If there is a mistake in their plan, then it is natural to lose, so Bitcoin investment should be taken in a long term rate, which increases the chances of profit by 100%. At the moment, there are definitely many strategies to sustain Bitcoin investment in the long term,
if you follow those strategies, it will be very easy for you to maintain Bitcoin investment. So if you invest in Bitcoin, you must hold it in the long term and hold on to it in the future according to the plan.

[Dump3er]

Calling "buying the dip" good still pushes that market timing mindset. It's basically guessing when to throw extra money in, and most people get it wrong. They buy too early, go too hard, then freak out and sell when it drops more. Nobody knows tomorrow like you said
Trading and chasing dips isn't investing, it's just speculating.
It’s better to just stick with steady DCA and ignore the dips completely

All methods known for accumulating Bitcoin are all good. In as much as we do not support newbies to make use of buying the dip method at the beginning of their Bitcoin investments does not mean that the method is totally bad the method is good and it can at some point aid an investor to fronload his/ her Bitcoin investment

Frontloading a bitcoin investment is not necessarily about trying to catch the dip.

Instead the idea of frontloading is to try to put a lot of money into bitcoin towards the beginning of the investment with a purpose of not necessarily needing to invest as much later down the road, and guys do not necessarily need to consider the dip in terms of when and/or how to frontload.

Let's say that a guy had been investing in other assets (not bitcoin) for more than 10 years prior to deciding to invest into bitcoin, and let's say that he had put something like 1.2x of his yearly salary into the other investment and it had grown to 3x of his annual salary.  So maybe when he comes to bitcoin, he might want to reallocate 1/3 of that outside investment into bitcoin, which would be 1 year of his annual salary.  He could choose to buy right away, DCA and/or buy the dip.  Trying to buy the dip may well not be a good idea, even though he could choose to allocate some of that bitcoin authorized money for buying the dip, if he wanted to do so.. but yeah, might not be a great idea if the dip that he expects does not end up coming..   

Frontloading a bitcoin investment can be a very smart reallocation of assets as you describe in your last paragraph. It is a question of priorities and if I want something gives me a different angle within my portfolio, bitcoin is a great choice. I still think it is an effective protection against inflation, so keeping excessive cash, like really excessive cash in the bank account or under the pillow is just not smart. I could buy Apple instead because Buffett did recently, I am not all that convinced that this is my best option. SpaceX? Rather not, all the talk is that it is going to dump and I agree as it is inflated a lot. Do I believe that robots will build houses on Mars or do I believe that bitcoin goes up? And by the way, if there is a colony on Mars one day, the most effective and by far safest way to get money from Earth to Mars would be bitcoin.

Should you get into AI? Same thing, it is hard to tell whether the market is overheated like in 2000. There may be corrections. There maybe doubt because of energy consumption exploding through the roof due to data centers and it needs to be scaled down.

The people who have doubts to put a larger amount of money into bitcoin (when they have it available of course), what other super safe option is there that doesn't cut my investment in half within a year or a scandal later?

There is a lot of doubt going on in peoples' minds because bitcoin is this thing they don't fully understand whereas they believe to understand how an iPhone works. But they wouldn't need to understand the technology fully the same way they don't need to understand the iPhone.

I bring this up here because many of those who hesitate and argue they just don't know how and when they should buy, are in fact not fully understanding what they are dealing with in terms of the very basic principles bitcoin is built upon. It might not be about DCA or frontloading, but a lot about general uncertainty. If I was a person with disposable income, start today with small sums, get accustomed with it, then observe the market to get a bit of a feeling of what prices actually react to, then perhaps still frontload after a few months. If there is really money under the pillow, it doesn't mean one has to dump it all on bitcoin, but it would certainly not be the smartest idea to leave it there for years and wait bitcoin to "dip".

[Charcol]

[edited out]

Therefore, it may be more reasonable to measure the emergency fund as 3-6 months of essential expenses rather than measuring it as 3x-6x of basic income.

Even though you are correct to focus on expenses rather than income, there still can be times that thinking about income is helpful too.

Also, the standard in this thread is building up to 3 months of expenses for the emergency funds, and your mentioning 3-6 months as the standard is not correct... even though surely once guys reach 3 months of expenses in back up funds, they may well could have started to have had invested at least 3 months of their expense amount into bitcoin, and as their bitcoin investment amount becomes larger and larger (whether bitcoin appreciates in value or not), there may be more and more justification to keep more and more in cash and/or other cash equivalents or even in ways that are like cash but are able to earn dividends/yield.

The other various points that you made in your points about calculating discretionary income rather than income are also quite valid when it comes to figuring out investment amount, how much to put into back ups and how much to allocate for discretionary consumption.

You are right. The issue of income cannot be completely ruled out. Because how quickly a person can build his emergency fund, how much DCA he can continue, whether he will have the flexibility to buy extra when DIP comes, these things ultimately depend on his cash flow and income. So the size of the emergency fund can be measured by expenses, but the ability to build and maintain that fund can be understood by income/cashflow.

I also agree with you that it may be reasonable for an investor to have a backup to cover his 3 months of expenses as well as keep an extra cash reserve for when he increases his bitcoin position. Because the larger the Bitcoin stash, the more important it is to avoid forced selling. Then the emergency fund is not just a matter of handling small emergencies, but rather becomes a protective layer to protect Bitcoin holdings.

[Negotiation]

This is exactly the mindset I'm kicking against. The moment you start treating dips as buying opportunities, you're still making decisions based on short term price movements. Nobody knows whether today's dip is actually the bottom or just the start of a bigger drop. That's why I prefee to ignore dips and stick to a consistent and fixed DCA plan.
The moment you change your buying habit because of price movements, you're moving away from investing and closer to market timing.

Talking about the highlighted statement in your write up, I think that you are wrong here, the dip will always be an interesting opportunity to accumulate more unit of Bitcoin at a very cheaper rate, so it makes not sense to think that because some investor sees it as an opportunity to buy aggressively and get a huge unit of Bitcoin at a cheaper rate, they are timing the market, no I disagree with such sentiment.
 Buying the dip has never for once be a problem if you are not waiting for it before buying, because as long as it doesn't disrupt your consistent accumulation, it's not a problem, so your ideology about those that sees dip as an opportunity is wrong bro.

I agree that nobody knows where the bottom is, and that's why DCA is a solid strategy. But I don't think buying a dip with extra funds is always market timing. For.me I don't buy dips because I think I have e found the bottom. I buy because the price is lower and I have spare money available.

For me,  I think that finance is what  actually determines the strategy. Because someone with limited funds may stick to DCA only, while someone with extra funds can combine DCA with occasional dip buys. In  the end in both cases, the goal is still the same to accumulate more Bitcoin and hold for the long term.

You are 100% right, not everyone's financial situation is the same for those who have limited savings after a fixed income it is safest to do a strict DCA. It controls their emotions and protects them from market fluctuations also, if you have extra money and you know that you will not need this money for the next few years, then buying bitcoin with it when the price is falling is not a bad market timing, but rather a wise decision. This discipline and clear thinking of yours will keep you far ahead in the long run.

[Alonso_]

Frontloading a bitcoin investment is not necessarily about trying to catch the dip.

Instead the idea of frontloading is to try to put a lot of money into bitcoin towards the beginning of the investment with a purpose of not necessarily needing to invest as much later down the road, and guys do not necessarily need to consider the dip in terms of when and/or how to frontload.

Let's say that a guy had been investing in other assets (not bitcoin) for more than 10 years prior to deciding to invest into bitcoin, and let's say that he had put something like 1.2x of his yearly salary into the other investment and it had grown to 3x of his annual salary.  So maybe when he comes to bitcoin, he might want to reallocate 1/3 of that outside investment into bitcoin, which would be 1 year of his annual salary.  He could choose to buy right away, DCA and/or buy the dip.  Trying to buy the dip may well not be a good idea, even though he could choose to allocate some of that bitcoin authorized money for buying the dip, if he wanted to do so.. but yeah, might not be a great idea if the dip that he expects does not end up coming..   

You make an excellent point, I think some investors who starts investing in bitcoin at a particular time might be feeling like they’ve been late in starting to invest in bitcoin at some point I personally felt that way and that made me more aggressive in my bitcoin accumulation journey, which is why I feel those investors who falls under this category of investors feeling they’re late in bitcoin investment might feel that they have to front load their portfolio, and keep buying bitcoin in a more aggressive manner. It’s not ideal to wait for a dip before an investor can front load their portfolio if they want too, because there is DCA and you can always make your perfect decision when you have a DCA technique to invest in bitcoin.

Front loading have to do with having a good opportunity of having more availability of discretionary income before making such a decision to front load immediately they start investing in bitcoin.

[ZeroVinsonN]

I think one of the  major thing that determines which Bitcoin accumulation strategy someone uses is their finances, not just their knowledge. Because someone with a large discretionary income available can use lump sum. While someone with a steady income but little funds may prefer DCA. And someone with extra cash on the side may  decide to buy dips when opportunities come.

Though  knowing how the strategies work is important, but your financial situation is what usually decides which strategy is best for you. That's why there is nothing wrong with using one strategy or combining different ones if it matches your income and long term goals.

I don’t think that is necessarily the case. And i’m assuming that you don’t really know the definition of lump sum and DCA and that is why you’re exaggerating the connection between a person’s financial situation and specific strategies that they may use in their bitcoin investment. A person with a large discretionary income can still do DCA and even a person with little funds too can still save up and occasionally make lump sum purchases to put into their stash. So it is not always really the amount of money that a person has that will determine their strategy, but it is how that person chooses to deploy that money over their investment that determines the strategy.

The amount of money each investor has to invest does not determine his strategy. However, we cannot completely deny that financial conditions have some influence. The one who has a larger amount of extra money has a relatively greater opportunity. If an investor chooses lump sum along with regular investments, it depends on his goals, risk management and his personal preferences.

Different people have different amounts the can consider as lump summing, if it's lump summing to you it might not be for others so a person can be DCAing with an amount of money that can be considered lump sum by others, it's completely dependent on the investor and how much discretionary income they have, the strategy to use is a choice that doesn't necessarily depend on how much they have, it's more about what works and for most people what works is the DCA.

The financial strength of every investor can never be the same so also their knowledge and understanding can never be the same, that is why we see some people make mistakes in their investment and some even sell because of lack of knowledge and understanding. The amount Mr A is using to accumulate a week can be Mr B 1 month accumulation but the mistake someone will make will be to challenge or want to competite when they don't have the capacity, be comfortable with what you can afford for the main time.

A person's discretionary income should be what determines how much the invest, people who allow how much others are investing to be what determines how much they themselves invest are not going to be able to keep investing for very long, chances are that they are going to sell within a very short time from when they started investing because they are most likely not going to be investing from their discretionary income alone and once that's the case they will not be able to pay for their essentials which will lead to them selling their bitcoin investment order their salvage their situation and more often than not they end up selling at a loss.

That's actually as a result of human behavior difference but then as secret as Bitcoin investment can be, I don't really see any need to worry about knowing how much anybody is investing in Bitcoin to talk of competing with them but even if there's such knowledge I don't see any need bordering about that. The best thing is just to go on with what is possible. Even if it's with someone earning the same amount with you in the same working place, there is for sure different responsibility and different mindset altogether about money management all these differences will after all land each person to different discretionary funds to be used for Bitcoin investment. Some will even be trying unhealthy buying of Bitcoin that is buying outside their discretionary funds which you might not even be aware of so what's there to worry about when some has accumulated more Bitcoin? I guess nothing.

What a person is earning shouldn't be what pushes their investment, someone can be earning big but is also spending big at the same time, in a situation like this it's more likely for someone who isn't earning as much but is generating more discretionary income to invest in bitcoin because at the end of the day they person is generating discretionary income from his smaller earning while the person earning more might not be getting any discretionary income, it might not seem likely but it is what's happening, different people have different discretionary incomes, some more than others.

[Barikui1]

What a person is earning shouldn't be what pushes their investment, someone can be earning big but is also spending big at the same time, in a situation like this it's more likely for someone who isn't earning as much but is generating more discretionary income to invest in bitcoin because at the end of the day they person is generating discretionary income from his smaller earning while the person earning more might not be getting any discretionary income, it might not seem likely but it is what's happening, different people have different discretionary incomes, some more than others.

What I think is more important is figuring out your discretionary income to invest with, because since it's what we invest with, it should be what we should be focusing on. If we feels that our discretionary income is too small, and because of that our Bitcoin accumulation will be slow, what we should be doing is looking for and additional source of discretionary income, so that the size of our accumulation will increase, since we will have more money to invest with, but it's very important that no matter what, we should not be tempted to go beyond our discretionary income for any reason, because that is the only way your Bitcoin investment will start facing problems that wouldn't have been in the first place.

[sotelorene]

I think one of the  major thing that determines which Bitcoin accumulation strategy someone uses is their finances, not just their knowledge. Because someone with a large discretionary income available can use lump sum. While someone with a steady income but little funds may prefer DCA. And someone with extra cash on the side may  decide to buy dips when opportunities come.

Though  knowing how the strategies work is important, but your financial situation is what usually decides which strategy is best for you. That's why there is nothing wrong with using one strategy or combining different ones if it matches your income and long term goals.

I don’t think that is necessarily the case. And i’m assuming that you don’t really know the definition of lump sum and DCA and that is why you’re exaggerating the connection between a person’s financial situation and specific strategies that they may use in their bitcoin investment. A person with a large discretionary income can still do DCA and even a person with little funds too can still save up and occasionally make lump sum purchases to put into their stash. So it is not always really the amount of money that a person has that will determine their strategy, but it is how that person chooses to deploy that money over their investment that determines the strategy.

The amount of money each investor has to invest does not determine his strategy. However, we cannot completely deny that financial conditions have some influence. The one who has a larger amount of extra money has a relatively greater opportunity. If an investor chooses lump sum along with regular investments, it depends on his goals, risk management and his personal preferences.

Different people have different amounts the can consider as lump summing, if it's lump summing to you it might not be for others so a person can be DCAing with an amount of money that can be considered lump sum by others, it's completely dependent on the investor and how much discretionary income they have, the strategy to use is a choice that doesn't necessarily depend on how much they have, it's more about what works and for most people what works is the DCA.

The financial strength of every investor can never be the same so also their knowledge and understanding can never be the same, that is why we see some people make mistakes in their investment and some even sell because of lack of knowledge and understanding. The amount Mr A is using to accumulate a week can be Mr B 1 month accumulation but the mistake someone will make will be to challenge or want to competite when they don't have the capacity, be comfortable with what you can afford for the main time.

A person's discretionary income should be what determines how much the invest, people who allow how much others are investing to be what determines how much they themselves invest are not going to be able to keep investing for very long, chances are that they are going to sell within a very short time from when they started investing because they are most likely not going to be investing from their discretionary income alone and once that's the case they will not be able to pay for their essentials which will lead to them selling their bitcoin investment order their salvage their situation and more often than not they end up selling at a loss.

That's actually as a result of human behavior difference but then as secret as Bitcoin investment can be, I don't really see any need to worry about knowing how much anybody is investing in Bitcoin to talk of competing with them but even if there's such knowledge I don't see any need bordering about that. The best thing is just to go on with what is possible. Even if it's with someone earning the same amount with you in the same working place, there is for sure different responsibility and different mindset altogether about money management all these differences will after all land each person to different discretionary funds to be used for Bitcoin investment. Some will even be trying unhealthy buying of Bitcoin that is buying outside their discretionary funds which you might not even be aware of so what's there to worry about when some has accumulated more Bitcoin? I guess nothing.

What a person is earning shouldn't be what pushes their investment, someone can be earning big but is also spending big at the same time, in a situation like this it's more likely for someone who isn't earning as much but is generating more discretionary income to invest in bitcoin because at the end of the day they person is generating discretionary income from his smaller earning while the person earning more might not be getting any discretionary income, it might not seem likely but it is what's happening, different people have different discretionary incomes, some more than others.

You are right, there are people who are earning big but they are not accumulating Bitcoin not even because they are spending much on their expenses but rather they are allocating a small portion some after figuring out there discretionary income will further divide their discretionary income because of the belief and what they think about Bitcoin. Honestly, not everyone who is investing in Bitcoin are actually doing it genuinely some have ulterior motives of accumulating. But ordinarily, someone earning big should be at advantage in any Investment.

[BitBakerr1]

I agree with you, many investors always mistakes being aggressive, to being financially strong. To buy every dip may sound smart, but if the money you are using to invest is not money that you can comfortably leave  in long term, then you are putting yourself under unnecessary risk. The important thing is not how much you buy during a dip, but if you can survive if the market falls. Nobody knows tomorrow. What may look like a small dip today, can turn into life changing wealth in the future. I believe that emergency fund and regular DCA should come first. Buying during the dip is good, but only when it won’t affect your financial stability. So the goal isn’t just to accumulate more assets, but to avoid putting yourself in a situation where you would force your self to sell at a wrong time.

Calling "buying the dip" good still pushes that market timing mindset. It's basically guessing when to throw extra money in, and most people get it wrong. They buy too early, go too hard, then freak out and sell when it drops more. Nobody knows tomorrow like you said
Trading and chasing dips isn't investing, it's just speculating.
It’s better to just stick with steady DCA and ignore the dips completely

All methods known for accumulating Bitcoin are all good. In as much as we do not support newbies to make use of buying the dip method at the beginning of their Bitcoin investments does not mean that the method is totally bad the method is good and it can at some point aid an investor to fronload his/ her Bitcoin investment but how investors decide to make use of the method determines if it is bad or good. However if you are steadily accumulating Bitcoin with DCA method and the price of Bitcoin dropped and you have available discretionary income to seize the opportunity the market has presented to you, do not hesitate to buy as much as Bitcoin you could buy at a low price because at the time buying the dip is a good method.

I agree with you. many people think buying every dip makes them smart investors, forgetting that what really matters is whether they can keep holding for the long term.

 For me I prefer to stick with  the DCA strategy and use only my discretionary income. If a dip comes and I have extra money available, fine. But I won't put myself under pressure just to buy more. Because  the main goal is not just to accumulate Bitcoin, but to avoid a situation where I have to sell it because I didn't plan well.

Accumulating bitcoin during the dip is not a bad or wrong investment plan you can actually buy bitcoin when there’s a dip, just like now that bitcoin is in dip if you are someone using the DCA bitcoin accumulation strategy and you have a reserve funds to accumulate during the dip you can do that, like me I’m using the DCA accumulation strategy but I have a reserve funds that i plan to use to accumulate aggressively during any dip and so far I have already spent almost all my reserve funds to accumulate bitcoin aggressively during this dip.
The only problem is waiting for a tip to happen before you start accommodating, and this is were people get it all wrong, waiting for a dip that you really don’t know when it will happen is actually a waste of time and instead of waiting that way you can just use DCA accumulation strategy and then build a reserve funds you can use to buy the dip when it happens.

[BluebloodCXVI]

I agree with you. many people think buying every dip makes them smart investors, forgetting that what really matters is whether they can keep holding for the long term.

 For me I prefer to stick with  the DCA strategy and use only my discretionary income. If a dip comes and I have extra money available, fine. But I won't put myself under pressure just to buy more. Because  the main goal is not just to accumulate Bitcoin, but to avoid a situation where I have to sell it because I didn't plan well.

Well of course every purchase that you decide to make to your bitcoin portfolio is supposed to be from your discretionary income so that you will not put too much pressure on your financial situation regardless of whatever strategy that you used or are using. I’m sure everyone know this by now. Is it still up for debate ?
Buying the dip is not the enemy, waiting for it is. When bitcoin’s price dipped this period to $61k, i was able to purchase a significantly wholesome amount to my portfolio and of course i used money from my discretionary income to make these purchases. It felt really good at that time because i was able to use the same amount that i normally use to purchase more bitcoin than i would have been able to get during when bitcoin price was around the 78k mark. That’s a smart thing to do and i definitely did feel smart.

[samadam007]

This is exactly the mindset I'm kicking against. The moment you start treating dips as buying opportunities, you're still making decisions based on short term price movements. Nobody knows whether today's dip is actually the bottom or just the start of a bigger drop. That's why I prefee to ignore dips and stick to a consistent and fixed DCA plan.
The moment you change your buying habit because of price movements, you're moving away from investing and closer to market timing.

Talking about the highlighted statement in your write up, I think that you are wrong here, the dip will always be an interesting opportunity to accumulate more unit of Bitcoin at a very cheaper rate, so it makes not sense to think that because some investor sees it as an opportunity to buy aggressively and get a huge unit of Bitcoin at a cheaper rate, they are timing the market, no I disagree with such sentiment.
 Buying the dip has never for once be a problem if you are not waiting for it before buying, because as long as it doesn't disrupt your consistent accumulation, it's not a problem, so your ideology about those that sees dip as an opportunity is wrong bro.

I agree that nobody knows where the bottom is, and that's why DCA is a solid strategy. But I don't think buying a dip with extra funds is always market timing. For.me I don't buy dips because I think I have e found the bottom. I buy because the price is lower and I have spare money available.

For me,  I think that finance is what  actually determines the strategy. Because someone with limited funds may stick to DCA only, while someone with extra funds can combine DCA with occasional dip buys. In  the end in both cases, the goal is still the same to accumulate more Bitcoin and hold for the long term.

Buying dips with extra funds is still a form of market timing. You're deciding that the current price is low enough to put in extra money,instead of spreading it out. It might feel right but it can backfire if the dip keeps dipping or you hesitate while waiting for a better entry.
Even with extra cash, the cleanest approach is to stick to consistent DCA or increasing the regular amount you put in (when you have surplus) without trying to time the dips. It keeps things simple and removes emotion.
Cash flow has the power to influence what folks can do, but pure discipline usually wins in the long run.

[Moreno233]

What a person is earning shouldn't be what pushes their investment, someone can be earning big but is also spending big at the same time, in a situation like this it's more likely for someone who isn't earning as much but is generating more discretionary income to invest in bitcoin because at the end of the day they person is generating discretionary income from his smaller earning while the person earning more might not be getting any discretionary income, it might not seem likely but it is what's happening, different people have different discretionary incomes, some more than others.

It will not be bad for a person spending big to cut down on his expenses to be able to invest more in Bitcoin. I think this is where passion and motivation will play a part because a person with passion and good motivation for Bitcoin will definitely cut down on some expenses that does not fall into basic needs, then channel those funds into investing in Bitcoin and fortifying the investment against sudden sell off.

When an investor have a target to achieve in terms of the quantity of Bitcoin they want to achieve, they will work towards it and will try to cut out distractions and unnecessary spendings.

[Finebone]

Buying dips with extra funds is still a form of market timing.

Where is your common sense with such a statement?
If you are buying a particular product consistently and you discover that another person is selling that product of the same quality on a lower price, wouldn't you want to buy more since it's cheaper there?

Dip buying is never a problem if you are not waiting for it, because it's an opportunity to get more unit of Bitcoin at a cheaper rate, so I don't know where you get the idea that dip buying with your reserve funds means that you are timing the market. You are not a robot that is programmed, so make use of your common sense mate.

[Rockson1]

Buying dips with extra funds is still a form of market timing.

Where is your common sense with such a statement?
If you are buying a particular product consistently and you discover that another person is selling that product of the same quality on a lower price, wouldn't you want to buy more since it's cheaper there?

Dip buying is never a problem if you are not waiting for it, because it's an opportunity to get more unit of Bitcoin at a cheaper rate, so I don't know where you get the idea that dip buying with your reserve funds means that you are timing the market. You are not a robot that is programmed, so make use of your common sense mate.

Let's agree with him that it is market timing but on a different dimension, smartly and intelligently, because for an investor to keep DCAing consistently with his discreatinary income without waiting for the dip and maybe making his plans for extra funds to buy whenever there is price drop can be attributed as market timing but this type of timing is different from waiting for the dip to come before starting hence the person involved has not been waiting for the dip, rather he has been doing what is required of him and at the same time putting up plans to buy when the price drops I don't think there is any problem with that, @samadam007 you should understand this.

[Hardyrobust]

What a person is earning shouldn't be what pushes their investment, someone can be earning big but is also spending big at the same time, in a situation like this it's more likely for someone who isn't earning as much but is generating more discretionary income to invest in bitcoin because at the end of the day they person is generating discretionary income from his smaller earning while the person earning more might not be getting any discretionary income, it might not seem likely but it is what's happening, different people have different discretionary incomes, some more than others.

What I think is more important is figuring out your discretionary income to invest with, because since it's what we invest with, it should be what we should be focusing on. If we feels that our discretionary income is too small, and because of that our Bitcoin accumulation will be slow, what we should be doing is looking for and additional source of discretionary income, so that the size of our accumulation will increase, since we will have more money to invest with, but it's very important that no matter what, we should not be tempted to go beyond our discretionary income for any reason, because that is the only way your Bitcoin investment will start facing problems that wouldn't have been in the first place.

There is nothing wrong with starting small. Those that have small amounts of discretionary income shouldn't allow this to stop them from  investing in bitcoin . They can be buying bitcoin using DCA strategy to do so and if they are consistent with the bitcoin accumulation they will be able to build up a good portfolio in bitcoin. It is still possible for those with low discretionary income to work on there source of income and then eventually increase there discretionary income.

[Sim_card]

You are right, there are people who are earning big but they are not accumulating Bitcoin not even because they are spending much on their expenses but rather they are allocating a small portion some after figuring out there discretionary income will further divide their discretionary income because of the belief and what they think about Bitcoin. Honestly, not everyone who is investing in Bitcoin are actually doing it genuinely some have ulterior motives of accumulating. But ordinarily, someone earning big should be at advantage in any Investment.

You don't need to say that because an investor chooses to start his bitcoin investment accumulation in a whimpy way means that he's not a genuine investor or has an ulterior motive because some people can have the interest of investing in bitcoin but they don't have the confidence and trust in bitcoin maybe, because someone introduced them to bitcoin.

The brand new investor can start investing little from his discretionary income weekly on DCA and continue to study about bitcoin and the market. As time passes by he will have a good experience from his regular weekly DCA and that will increase his confidence in bitcoin. When he has built his confidence in bitcoin, he can increase his DCA amount and buy aggressively to cover up all those time that he was buying in a whimpy manner.

Anyone with large discretionary income and chooses to DCA in a whimpy manner but consistent with it overtime will still have some fraction of bitcoin in his portfolio and I believe that he's in a better position than a no coiner who has his discretionary income and fail to invest in Bitcoin.

[Nightwatchmare]

All methods known for accumulating Bitcoin are all good. In as much as we do not support newbies to make use of buying the dip method at the beginning of their Bitcoin investments does not mean that the method is totally bad

I think you are wrong her mate, it's not all bitcoin accumulating strategy that are good. Relying only on buying the dip is not a good strategy because you will be compel to wait for it, and in most cases you are going to miss out on so many buying opportunities because the dip you expected may not come.

 And it's not just about newbies, but about veterans too. If you are going to be buying the dip, then it's wise to be accumulating consistently through the dca accumulating strategy, then when the dip comes, you may decide to buy aggressive with your reserve funds, but waiting for it alone without buying and adding to your stash is wrong.

If you were a newbie i would have understand why you said "it is not all Bitcoin accumulating method that are good" because you are still learning, but i am just surprised as a senior member, you do not know that all Bitcoin accumulating method are good. I know relying only on buying the dip method is not a wise way to invest in Bitcoin. However, i do not say that a newbie or pro should rely only on buying the dip method, i said that how investors apply buying the dip method determines if the method is bad or good and i also said if investors are consistently accumulating Bitcoin with DCA method and a dip happens, they are free to buy the dip if they have available discretionary income because buying the dip is not a bad method at that time, but you cut off where i said all these in my comment and leave the part that you believe i said newbies or pros should only rely on buying the dip to accumulate Bitcoin.

[Jewan420]

All methods known for accumulating Bitcoin are all good. In as much as we do not support newbies to make use of buying the dip method at the beginning of their Bitcoin investments does not mean that the method is totally bad

I think you are wrong her mate, it's not all bitcoin accumulating strategy that are good. Relying only on buying the dip is not a good strategy because you will be compel to wait for it, and in most cases you are going to miss out on so many buying opportunities because the dip you expected may not come.

 And it's not just about newbies, but about veterans too. If you are going to be buying the dip, then it's wise to be accumulating consistently through the dca accumulating strategy, then when the dip comes, you may decide to buy aggressive with your reserve funds, but waiting for it alone without buying and adding to your stash is wrong.

If you were a newbie i would have understand why you said "it is not all Bitcoin accumulating method that are good" because you are still learning, but i am just surprised as a senior member, you do not know that all Bitcoin accumulating method are good. I know relying only on buying the dip method is not a wise way to invest in Bitcoin. However, i do not say that a newbie or pro should rely only on buying the dip method, i said that how investors apply buying the dip method determines if the method is bad or good and i also said if investors are consistently accumulating Bitcoin with DCA method and a dip happens, they are free to buy the dip if they have available discretionary income because buying the dip is not a bad method at that time, but you cut off where i said all these in my comment and leave the part that you believe i said newbies or pros should only rely on buying the dip to accumulate Bitcoin.

No investment strategy is bad, if it is used correctly. If a strategy suits our position and supports our situation, then you can definitely use that investment strategy. Basically, we show a strategy negatively due to incorrect use.

If you want, you can do DCA, buy dips and buy with Lump Sum strategy, there is nothing wrong with that. But waiting for dips or buying with Lump Sum strategy is wrong. You can use a mixed strategy of these strategies. Along with continuous DCA, you can buy dips in the market of dips and if you have the ability, you can also be aggressive in investing. You can even do that if you have the ability to buy in large quantities.

But of course, you have to give importance to your ability and use the strategies in the right plan. However, it is wise for a new investor to get used to DCA at the beginning. Using mixed strategy requires knowledge, which a new investor does not have.

[Supreme Donvic]

I agree with you, many investors always mistakes being aggressive, to being financially strong. To buy every dip may sound smart, but if the money you are using to invest is not money that you can comfortably leave  in long term, then you are putting yourself under unnecessary risk. The important thing is not how much you buy during a dip, but if you can survive if the market falls. Nobody knows tomorrow. What may look like a small dip today, can turn into life changing wealth in the future. I believe that emergency fund and regular DCA should come first. Buying during the dip is good, but only when it won’t affect your financial stability. So the goal isn’t just to accumulate more assets, but to avoid putting yourself in a situation where you would force your self to sell at a wrong time.

Calling "buying the dip" good still pushes that market timing mindset. It's basically guessing when to throw extra money in, and most people get it wrong. They buy too early, go too hard, then freak out and sell when it drops more. Nobody knows tomorrow like you said
Trading and chasing dips isn't investing, it's just speculating.
It’s better to just stick with steady DCA and ignore the dips completely

All methods known for accumulating Bitcoin are all good. In as much as we do not support newbies to make use of buying the dip method at the beginning of their Bitcoin investments does not mean that the method is totally bad the method is good and it can at some point aid an investor to fronload his/ her Bitcoin investment but how investors decide to make use of the method determines if it is bad or good. However if you are steadily accumulating Bitcoin with DCA method and the price of Bitcoin dropped and you have available discretionary income to seize the opportunity the market has presented to you, do not hesitate to buy as much as Bitcoin you could buy at a low price because at the time buying the dip is a good method.

I agree with you. many people think buying every dip makes them smart investors, forgetting that what really matters is whether they can keep holding for the long term.

 For me I prefer to stick with  the DCA strategy and use only my discretionary income. If a dip comes and I have extra money available, fine. But I won't put myself under pressure just to buy more. Because  the main goal is not just to accumulate Bitcoin, but to avoid a situation where I have to sell it because I didn't plan well.

I know that some investors are under pressure to accumulate more since Bitcoin is in dip, there's no need to be under any pressure if you don't have a reserve fund that should be used to accumulate in a time like this just continue with your DCA strategy to accumulate weekly or monthly, however start now to build a reserve fund I'm not talking about building an emergency funds I'm talking about building a reserve fund that can be used to accumulate more or aggressively when there is a dip in Bitcoin.
You are correct it is not all about accumulating it is also about holding for long time some people don't have patience and that is what is needed in Bitcoin investment you need to have the patience to hold for a very long time.