JJG’s Outline of Bitcoin Investment Ideas

[johnsaributua]

~

I agree with you that investors should not wait to be rich before starting but at the same we should know that it's important to wait for basic needs to be covered monthly before starting so this makes it almost impossible to have a discretionary income if you don't have stable source of income.

Discretion income is money left after your needs are met. If you don't have stable sources of income, your needs will consume 100% of your discretionary income (if you already have) and you may possibly go on negative if care is not taken some month. Remember DCA require consistency and with unsuitable sources of income, you are likely to have unstable discretionary income as well and this will make DCA impossible for you. You're likely to be timing the market instead of regular DCA.

I think it's better to prioritize our needs first rather than engaging in other activities that we can sometimes do later. This means that if our needs aren't sufficient or can't be met this is a bad approach, even if we still have a monthly income, even if it's not always stable. Clearly, for needs it's better to refrain from other things first. Needs take priority over other things we can still do. This can't wait too long as this is a need that can't be met for the next few days. Although some of us have more than one source of income if we're already having problems with other needs it's better to refrain from doing them.

We must have a good management system if we don't earn more than we earn. This ensures we don't overspend on necessities even if they are undeservedly needed. Instead we should monitor what we need to spend to avoid excessive spending even if it's for necessities. However spending more than we earn is not advisable. Therefore in this context adjustments are needed.
Likewise in investing the DCA strategy can regulate our method of accumulation because if not of course with a relatively large amount we always spend it on Bitcoin accumulation and this does not mean it is impossible but it requires adjustments to what we do so that it is not too impressive in doing it on Bitcoin accumulation even though we have several sources of income so that it is easy for us to manage it with the aim of not having a conflict with what we are doing.

[B-BossMan]

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.

Buying the dip will always be a strategy which will always involve timing the market regardless of whether you are waiting to do it or not... Bitcoin isn't a stable coin that folks can just easily predict it's price direction.. Bitcoin is rather an extremely volatile asset. And as such, no one can actually know for certain whether today's dip is actually cheap or whether the price will still go much lower the next day..And that's uncertainty is exactly why buying the dip will always involve timing the market m, coz how exactly do you intend of knowing whether there is a dip or taking advantage of it without timing being involved?
Also, it isn't really advisable for folks to base their buys on price dip due to the uncertainty of dip. The best decision will always be to buy whenever one's discretionary income is handy and available...

You are right that buying the dip actually seems attractive,but the reality is still deep on the market timing, no one can actually predict when the price would be pump or dump there's no any certainty on that perspective and that uncertainty is exactly why many investors who tends to target the dips struggle when they focus too on waiting for the perfect dips. So the reliable approach is to focusing on buying consistently whenever discretionary income are available, and that's why the Dollar cost averaging DCA still remains the most strongest strategies to approach for a long-term holdings and safer for investors. Instead of some should stop relaying on predictions skills and focus on thier income and also discipline. If an investor begins buying bitcoin regularly regardless of the price movement,  it actually removes the stress emotionally on trying to predict or target the perfect time.

However, if actually a significant dips comes up and you have extra cash available with you, then there's no cause for alarm, it's just like you are making an additional purchases and those dips purchases should be seen as a bonus opportunities, instead of making it a reliable strategy. As an investors your main plan should always be steady accumulation whenever the discretionary income is readily available over time.

[Joeboy]

The fact is just that an investor using DCA strategy who keeps extra funds to buy the dip or increase buying during the dip is not in anyway the same with investors who waits for the dip before they buy Bitcoin. Having extra funds to buy Bitcoin during dip is one of the numerous advantages of DCA strategy and so doesn't mean deviating from DCA strategy but making use of advantages of DCA strategy. Even when DCAing you will still definitely know the price of Bitcoin and that doesn't mean timing the market because it doesn't go with the pressure of buy the dip strategy.

You really got to be kidding me, since yours truly can't really differentiate between buying the dip and DCAing...Buying the dip is a totally different strategy from DCA, and buying the dip will always involve waiting and timing the market regardless of how you try to paint it.. For example, you as an investor already has extra money to go aggressive, yet you went ahead to delay for the dip to come so you can take advantage of that... Does that not sound like waiting and timing to you? And just imagine that dip never comes or then it delays so well before coming, the implications would be that you as an investor will continue to delay your investment journey indefinitely....Then again folks are free to approach their investments however they deem fit... Truth is that it is wrong to think that DCA operates the same way as Buying the dip, and also it is never always a good idea to base your buys on the dip, since we don't really know when the dip with come...

[sotelorene]

This is because we are serious about it so that when we do it we no longer think about the problems we might encounter. This doesn't mean we don't want to experience problems but rather that we are prepared sooner before problems arise when we invest in Bitcoin.

The procedure for managing expenses is also a basic thing because if it is a form of our carefulness in managing expenses for example, we have an income of $80,000 per month and we also invest in Bitcoin so if we can balance the way we spend on our needs of course the $80,000 is still considered a large amount so that a lot is left over from the number we get so that when we invest of course we don't have a problem meaning that with the rest of the income we invest in Bitcoin, this indicates that the way we manage our finances regarding expenses is certainly careful so that in making the investment we no longer need funds to be a motivation and enthusiasm for us to do it because we are enough with the income we get especially in investing in Bitcoin it doesn't have to be a large amount but with a small amount when we have the intention we can do it consistently which in the end the small amount we do without us expecting will become something big too so we will have assets for the future by investing from now on when we have an income whether weekly or monthly and also investing doesn't need to be rushed and also not forced to have a large amount clearly we invest according to our abilities for the reason we will always be relaxed and have no risks or problems in investing in Bitcoin.

You make a very good point @alankasman. Let me also quickly add that if a person has a clear reason for why they are investing in bitcoin, it can make a huge difference for them. wether they are investing in it  for financial freedom or for retirement or even for building long term wealth, it will be easier for them to be able to stay focused when the market becomes unpredictable.
Another thing folks should build a habit of is to always keep their emotions in control. It is so easy to get excited and carried away when the market prices are rising and it is also easy to feel discouraged when the prices are falling but if they are in control of their emotions, they would be able to avoid making decisions based on fears or excitement.

I don't really understand what you meant by clear reason why someone is investing in Bitcoin. I think there are only two reasons people go into Bitcoin which is either for investing and hold for a long term or to invest and hold for a short term which is trading and i can not really recommend someone to do it because of the high risk that is attached to it. But those who are eager to make money in a short term always rush into... and they complain when they start making loss.

[Grease5000]

The fact is just that an investor using DCA strategy who keeps extra funds to buy the dip or increase buying during the dip is not in anyway the same with investors who waits for the dip before they buy Bitcoin. Having extra funds to buy Bitcoin during dip is one of the numerous advantages of DCA strategy and so doesn't mean deviating from DCA strategy but making use of advantages of DCA strategy. Even when DCAing you will still definitely know the price of Bitcoin and that doesn't mean timing the market because it doesn't go with the pressure of buy the dip strategy.

You really got to be kidding me, since yours truly can't really differentiate between buying the dip and DCAing...Buying the dip is a totally different strategy from DCA, and buying the dip will always involve waiting and timing the market regardless of how you try to paint it.. For example, you as an investor already has extra money to go aggressive, yet you went ahead to delay for the dip to come so you can take advantage of that... Does that not sound like waiting and timing to you? And just imagine that dip never comes or then it delays so well before coming, the implications would be that you as an investor will continue to delay your investment journey indefinitely....Then again folks are free to approach their investments however they deem fit... Truth is that it is wrong to think that DCA operates the same way as Buying the dip, and also it is never always a good idea to base your buys on the dip, since we don't really know when the dip with come...

I agree with you. For me one of the beauty of DCA is that as an investor  you can keeps accumulating no matter what the market is doing. If you have some extra discretionary income available when the price drops,  you can increase e purchase by buying some extra

Though  the difference here  is that here you don't have sit on the sidelines waiting for a dip before buying. Because you are already accumulating consistently  use the DCA strategy and simply taking advantage of an opportunity when extra funds are available. In the long run, steady accumulation remains the main goal, while dip buying is just a bonus, not the strategy itself.

[Olatundespo]

Anyone who decides not to accumulate bitcoin because they think the price is too high doesn't know what they are doing, over the years everytime the price of bitcoin has seem to be high it has always found a way to go even higher, even with what the current ATH is we are still expecting it to go higher and hit a new ATH eventually, the very driving force for why some people are still accumulating is because the believe bitcoin will climb higher and hit even new ATH.

I think there is no spiritual matter involved with Bitcoin that needs to be verified with faith. Bitcoin is a store of value. To understand the meaning of this word, you need to know about its structure, why Bitcoin has become a store of value and Bitcoin is a global asset. Bitcoin is gaining popularity as an alternative to traditional finance. The government of a country uses mechanisms to reduce or increase cash flow to manage the country's financial sector, which results in inflation. This causes the local currency to devalue. Instead of keeping cash funds with you, save Bitcoin because it is not just a matter of faith, literally, Bitcoin is a store of value and the price is increasing due to the limited supply system and the power of widespread adoption worldwide, and the price increase rate will be even higher in the future.

[samadam007]

one thing is for sure that the price of bitcoin will always continue to go up even though it is down at some point in time. Lea

Please don’t mislead folks here with this statement (especially beginners). It might push them to put in everything they have, hoping for bigger returns later, which is very dangerous. Bitcoin has dropped many times before too and it can drop again. Just think of Bitcoin as a risky asset and only invest money you are okay with losing. Remember nothing is guaranteed in this life. That's why it's advisable to use DCA strategy and focus on investing long term so you won't bother about the fluctuations

[cyberninja2]

Though  the difference here  is that here you don't have sit on the sidelines waiting for a dip before buying. Because you are already accumulating consistently  use the DCA strategy and simply taking advantage of an opportunity when extra funds are available. In the long run, steady accumulation remains the main goal, while dip buying is just a bonus, not the strategy itself.

This demonstrates a consistent attitude in purchasing Bitcoin so they no longer think about exploiting opportunities like the current one. Essentially that's what those who consistently demonstrate their investment by accumulating BTC do. They know and understand Bitcoin investing, so they don't need to worry about the price drop which is currently hovering around $63,000.

However, because they do it consistently it's worth saying that this is a bonus for them if they want to buy using DCA a strategy that's easy and quick to understand. Taking advantage of this is part of the bonus after consistently practicing it which others don't because the price is one reason they're simply waiting for an opportunity like this.

[Abbatty]

one thing is for sure that the price of bitcoin will always continue to go up even though it is down at some point in time. Lea

Please don’t mislead folks here with this statement (especially beginners). It might push them to put in everything they have, hoping for bigger returns later, which is very dangerous. Bitcoin has dropped many times before too and it can drop again. Just think of Bitcoin as a risky asset and only invest money you are okay with losing. Remember nothing is guaranteed in this life. That's why it's advisable to use DCA strategy and focus on investing long term so you won't bother about the fluctuations

Since bitcoin is a volatile assets nothing is guaranteed, so saying with certainty that it will always move back up is wrong and misleading. In cases like this what should be used Is that due to past  records we have see bitcoin fall and rise but there is no guarantee about that have been invested, so when investing we should do well and invest with our discretionary income.

A lot of folks tend to have this kind of mindset about thinking bitcoin is where to get rich kind of thing which is wrong  but on the other hand if you invest with the purpose of you future it then allows you to invest for a long period of time and with that you don’t panic When there is a downfall in the market.

[Alonso_]

The fact is just that an investor using DCA strategy who keeps extra funds to buy the dip or increase buying during the dip is not in anyway the same with investors who waits for the dip before they buy Bitcoin. Having extra funds to buy Bitcoin during dip is one of the numerous advantages of DCA strategy and so doesn't mean deviating from DCA strategy but making use of advantages of DCA strategy. Even when DCAing you will still definitely know the price of Bitcoin and that doesn't mean timing the market because it doesn't go with the pressure of buy the dip strategy.

Why are you keeping money aside to buy a dip ? When you can buy bitcoin with that money immediately instead of keeping that money aside to wait for dip, well whichever way that works for them as long as they’re buying bitcoin consistently, but personally I can’t keep money aside to buy a dip, when I can buy bitcoin through the DCA techniques immediately with that money, instead of keeping money aside to wait for something that is unpredictable because you will never know when a dip is going to come.

Personally I can only buy a dip when the opportunity presents itself during my accumulation timescale, there is nothing special in buying the dip, which is why I can buy my bitcoin anytime I have my discretionary income available still through the DCA techniques.

[BluebloodCXVI]

[Edited Out]

You make a very good point @alankasman. Let me also quickly add that if a person has a clear reason for why they are investing in bitcoin, it can make a huge difference for them. wether they are investing in it  for financial freedom or for retirement or even for building long term wealth, it will be easier for them to be able to stay focused when the market becomes unpredictable.
Another thing folks should build a habit of is to always keep their emotions in control. It is so easy to get excited and carried away when the market prices are rising and it is also easy to feel discouraged when the prices are falling but if they are in control of their emotions, they would be able to avoid making decisions based on fears or excitement.

I don't really understand what you meant by clear reason why someone is investing in Bitcoin. I think there are only two reasons people go into Bitcoin which is either for investing and hold for a long term or to invest and hold for a short term which is trading and i can not really recommend someone to do it because of the high risk that is attached to it. But those who are eager to make money in a short term always rush into... and they complain when they start making loss.

C’mon now man do i still have to explain this again? I was pretty much very clear in my above write up and perhaps if you had read it and assimilated it, you would have understood what i was saying. I’m not talking about the type of investment that people do with their bitcoin wether it’s long term or short term. I’m only pointing out that people have different reason for why they decide to be buying bitcoin and holding it for a long time. And I made mention of three reasons in my above write up.
It’s easier for someone who has a clear reason for why they are holding bitcoin long term to make good decisions with their bitcoin investment because they know that they have a goal to achieve and they wouldn’t want to fuck it up because it is important to them. Somebody saving up bitcoin to buy a car in the future will have more zeal and motive to protect their assets more than someone who is just investing because they saw one of their friend doing it. Those are two different people, one tends to be more focused on their long term goals while the other could potentially be reckless with their investment because they have no clear vision.

[Insanity]

Anyone who decides not to accumulate bitcoin because they think the price is too high doesn't know what they are doing, over the years everytime the price of bitcoin has seem to be high it has always found a way to go even higher, even with what the current ATH is we are still expecting it to go higher and hit a new ATH eventually, the very driving force for why some people are still accumulating is because the believe bitcoin will climb higher and hit even new ATH.

I think there is no spiritual matter involved with Bitcoin that needs to be verified with faith. Bitcoin is a store of value. To understand the meaning of this word, you need to know about its structure, why Bitcoin has become a store of value and Bitcoin is a global asset. Bitcoin is gaining popularity as an alternative to traditional finance. The government of a country uses mechanisms to reduce or increase cash flow to manage the country's financial sector, which results in inflation. This causes the local currency to devalue. Instead of keeping cash funds with you, save Bitcoin because it is not just a matter of faith, literally, Bitcoin is a store of value and the price is increasing due to the limited supply system and the power of widespread adoption worldwide, and the price increase rate will be even higher in the future.

If you were the type of person that said, well, it's too expensive to buy Bitcoin. Then you made a mistake that cost you money. Bitcoin has consistently surpassed many investors' seen-out-of-reach price thresholds in its past. The most important thing is to be aware of the value of bitcoin. It is limited, decentralized, and is gaining traction in the world, which have helped it have long term store of value potential. However, investors shouldn't just take the word of anyone. Research, patience and a long term approach are necessary. Bitcoin basics are more likely to be understood by those who are better equipped to deal with market volatility.

[Hardyrobust]

The fact is just that an investor using DCA strategy who keeps extra funds to buy the dip or increase buying during the dip is not in anyway the same with investors who waits for the dip before they buy Bitcoin. Having extra funds to buy Bitcoin during dip is one of the numerous advantages of DCA strategy and so doesn't mean deviating from DCA strategy but making use of advantages of DCA strategy. Even when DCAing you will still definitely know the price of Bitcoin and that doesn't mean timing the market because it doesn't go with the pressure of buy the dip strategy.

Why are you keeping money aside to buy a dip ? When you can buy bitcoin with that money immediately instead of keeping that money aside to wait for dip, well whichever way that works for them as long as they’re buying bitcoin consistently, but personally I can’t keep money aside to buy a dip, when I can buy bitcoin through the DCA techniques immediately with that money, instead of keeping money aside to wait for something that is unpredictable because you will never know when a dip is going to come.

Personally I can only buy a dip when the opportunity presents itself during my accumulation timescale, there is nothing special in buying the dip, which is why I can buy my bitcoin anytime I have my discretionary income available still through the DCA techniques.

There is nothing wrong in buying the dip , the only thing I believe is wrong is waiting for a dip to occur before buying bitcoin. Buying the dip can still be merge with the DCA strategy. An investor that is using DCA strategy to buy bitcoin can decide to be keeping some percentage of there discretionary income for buying the dip and then still ongoing with there DCA strategy. As long as they are waiting for a dip to occur before buying there is nothing wrong if they decide to set aside some money for buying the dip whenever it will occur.

[reagansimms]

I think there is no spiritual matter involved with Bitcoin that needs to be verified with faith. Bitcoin is a store of value. To understand the meaning of this word, you need to know about its structure, why Bitcoin has become a store of value and Bitcoin is a global asset. Bitcoin is gaining popularity as an alternative to traditional finance. The government of a country uses mechanisms to reduce or increase cash flow to manage the country's financial sector, which results in inflation. This causes the local currency to devalue. Instead of keeping cash funds with you, save Bitcoin because it is not just a matter of faith, literally, Bitcoin is a store of value and the price is increasing due to the limited supply system and the power of widespread adoption worldwide, and the price increase rate will be even higher in the future.

If you were the type of person that said, well, it's too expensive to buy Bitcoin. Then you made a mistake that cost you money. Bitcoin has consistently surpassed many investors' seen-out-of-reach price thresholds in its past. The most important thing is to be aware of the value of bitcoin. It is limited, decentralized, and is gaining traction in the world, which have helped it have long term store of value potential. However, investors shouldn't just take the word of anyone. Research, patience and a long term approach are necessary. Bitcoin basics are more likely to be understood by those who are better equipped to deal with market volatility.

"Too expensive", actually it doesn't exist, It's a "classic mistake" that makes many people regret it 5 years later. All there is is "don't understand yet" or "not mentally ready yet". Amidst growing global adoption, Bitcoin has proven its potential as a long-term store of value, all due to its limited supply and decentralized nature. Of the total maximum limit of 21 million coins available, approximately 20 million Bitcoins are in circulation, reinforcing the basic principle of scarcity.

It's true as you said, investors should not just take anyone's word for it, research, patience and a long-term approach are needed. Investors are advised not to simply speculate, buy gradually and think about long-term investments because their value continues to grow and will grow even more over time.

[AYOBA]

I agree with you. For me one of the beauty of DCA is that as an investor  you can keeps accumulating no matter what the market is doing. If you have some extra discretionary income available when the price drops,  you can increase e purchase by buying some extra

Using the DCA strategy making the accumulation of Bitcoin comes very easy, because you won’t care what is the market is all about but some are still seeing the DCA like is not a favor for them; is only those that never make uses of the DCA strategy will delay it.

Though  the difference here  is that here you don't have sit on the sidelines waiting for a dip before buying. Because you are already accumulating consistently  use the DCA strategy and simply taking advantage of an opportunity when extra funds are available. In the long run, steady accumulation remains the main goal, while dip buying is just a bonus, not the strategy itself.

Exactly those who wait for the dip thinking that they are smarter than those who purchase the Bitcoin all the time. Everything in life that has advantages also has disadvantages, this dip some are waiting for it might arrive and things will still not work as they plan, that’s why it’s good to use opportunity when it come than regret later.

[SPIDERMAN008]

one thing is for sure that the price of bitcoin will always continue to go up even though it is down at some point in time. Lea

Please don’t mislead folks here with this statement (especially beginners). It might push them to put in everything they have, hoping for bigger returns later, which is very dangerous. Bitcoin has dropped many times before too and it can drop again. Just think of Bitcoin as a risky asset and only invest money you are okay with losing. Remember nothing is guaranteed in this life. That's why it's advisable to use DCA strategy and focus on investing long term so you won't bother about the fluctuations

Your caution is right because Bitcoin should not be talked about in a way where newbies think that buying Bitcoin will guarantee profit or the more money they buy Bitcoin, the more profit they will get. However, the saying “only invest money you are okay with losing” can often be used. Bitcoin works like gambling. Or a resource like throwing money away. Rather, the main point here is that Bitcoin should be bought with the money that is left over after meeting basic needs, rent, bills, food, and all family responsibilities because if someone buys Bitcoin with the necessary money, they may make the wrong decision if they see price volatility in the future or they may sell Bitcoin at an emergency time.

[Merit.s]

C’mon now man do i still have to explain this again? I was pretty much very clear in my above write up and perhaps if you had read it and assimilated it, you would have understood what i was saying. I’m not talking about the type of investment that people do with their bitcoin wether it’s long term or short term. I’m only pointing out that people have different reason for why they decide to be buying bitcoin and holding it for a long time. And I made mention of three reasons in my above write up.
It’s easier for someone who has a clear reason for why they are holding bitcoin long term to make good decisions with their bitcoin investment because they know that they have a goal to achieve and they wouldn’t want to fuck it up because it is important to them. Somebody saving up bitcoin to buy a car in the future will have more zeal and motive to protect their assets more than someone who is just investing because they saw one of their friend doing it. Those are two different people, one tends to be more focused on their long term goals while the other could potentially be reckless with their investment because they have no clear vision.

You don't just invest into bitcoin because you want use your bitcoin investment to buy a car and sell it all when you have reached the amount of money that you need to purchase the car. Bitcoin is an investment that the longer you hodli, the more profit it generates overtime due to the compounding effect of your bitcoin portfolio.

Bitcoin is a good investment that should be used in the future to improve your financial strength as you hodli overtime after reaching your bitcoin target. You are to even withdraw using a sustainable withdrawal method that allows you to little profits based on a time or at a particular price target and that's when you have reached your over accumulation stage.

Imagine, you selling a good long term investment that is a store of value overtime and buy a car that's a liability and depreciates overtime. In the next five years, you might not be driving the car again because it's old and faulty but you bitcoin stash in the next five years will have generated a good amount of profit for holding it. Put investment as your prior to liability in life in order to allow you grow financially overtime.

[Cgrexp]

The fact is just that an investor using DCA strategy who keeps extra funds to buy the dip or increase buying during the dip is not in anyway the same with investors who waits for the dip before they buy Bitcoin. Having extra funds to buy Bitcoin during dip is one of the numerous advantages of DCA strategy and so doesn't mean deviating from DCA strategy but making use of advantages of DCA strategy. Even when DCAing you will still definitely know the price of Bitcoin and that doesn't mean timing the market because it doesn't go with the pressure of buy the dip strategy.

You really got to be kidding me, since yours truly can't really differentiate between buying the dip and DCAing...Buying the dip is a totally different strategy from DCA, and buying the dip will always involve waiting and timing the market regardless of how you try to paint it.. For example, you as an investor already has extra money to go aggressive, yet you went ahead to delay for the dip to come so you can take advantage of that... Does that not sound like waiting and timing to you? And just imagine that dip never comes or then it delays so well before coming, the implications would be that you as an investor will continue to delay your investment journey indefinitely....Then again folks are free to approach their investments however they deem fit... Truth is that it is wrong to think that DCA operates the same way as Buying the dip, and also it is never always a good idea to base your buys on the dip, since we don't really know when the dip with come...

I agree with you. For me one of the beauty of DCA is that as an investor  you can keeps accumulating no matter what the market is doing. If you have some extra discretionary income available when the price drops,  you can increase e purchase by buying some extra

Though  the difference here  is that here you don't have sit on the sidelines waiting for a dip before buying. Because you are already accumulating consistently  use the DCA strategy and simply taking advantage of an opportunity when extra funds are available. In the long run, steady accumulation remains the main goal, while dip buying is just a bonus, not the strategy itself.

DCA is the preferred strategy and is more convenient for anyone to use depending on their discretionary income and their cash flow management skills. For those who do not have a large amount of discretionary funds or who do not have any other investments, a lump sum investment may not be available very often. However, anyone who finds themselves in a situation where a lump sum investment becomes an option if they already have a regular BTC purchase plan and are maintaining their cash flow management system will be in a better position to consciously consider and implement their options. If the BTC purchase system or method is new and the cash flow management system or method is in the early stages of strengthening, then there may be some experimentation with a large lump sum. However, most of us should understand that when we plan to buy when the price drops, the price may not fall. We can put ourselves in a better position if we at least plan in advance how much we will buy if the price drops. But everyone can choose what they will do and whether they are overusing the waiting strategy instead of the continuous strategy of buying BTC.

[Shadiq]

Your caution is right because Bitcoin should not be talked about in a way where newbies think that buying Bitcoin will guarantee profit or the more money they buy Bitcoin, the more profit they will get. However, the saying “only invest money you are okay with losing” can often be used. Bitcoin works like gambling. Or a resource like throwing money away. Rather, the main point here is that Bitcoin should be bought with the money that is left over after meeting basic needs, rent, bills, food, and all family responsibilities because if someone buys Bitcoin with the necessary money, they may make the wrong decision if they see price volatility in the future or they may sell Bitcoin at an emergency time.

Your sentences are confusing me a bit. Are you saying Bitcoin is like gambling? Or are you trying to explain something else here? If you are trying to explain something else, then edit the post, because such a post can confuse newbies. If you are trying to explain Bitcoin as gambling, do you have any evidence or information that makes Bitcoin a gambling?

Bitcoin investment is not like gambling. Gambling is completely based on luck, but Bitcoin investment depends on our skills and our ability to take action and our knowledge on the outcome of the investment. Bitcoin certainly has risks and there is a possibility of loss, but that possibility is like investing, not like gambling.

Investing money that you can lose does not mean that you can lose like gambling. Rather, in the long run, even if you lose money due to your own mistakes, you should not suffer any major losses. It is unlikely that the price of Bitcoin will fall to zero, and since Bitcoin has been trending upwards in the long term, the possibility of loss in long-term investments is very low.

[GIF-JOBS]

Edit....

People can start with just $10 or any other small amount and learn as they go. And along with buying Bitcoin, they can also build their own savings. So a person needs to figure out whether they have a discretionary fund or not. And also calculate their income and expenses. If a person gets a salary of about $500 every two weeks and their basic expenses are about $400 every two weeks, then they will calculate that they have $100 as discretionary fund every two weeks. What I mean by this small example is that needs and responsibilities should be prioritized and then the remaining money should be invested. Investing from discretionary income means that we are making sure that this money is not needed for urgent needs and we are able to afford to lose this money.