JJG’s Outline of Bitcoin Investment Ideas

[Just Say]

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.

You are right that if a person has discretionary income, then he will be eligible to invest any amount in BTC and you have given a correct explanation that people can start investing with $10 or any small amount. I think if everyone had an idea about the USDT to Satoshi converter in general, then maybe they would not have hesitated to choose a small amount and invest, that is, they would not have felt shy and would not have thought that to start investing, they would have to invest so much money at once that the money would buy a lot of Bitcoin. It seems to me that the first goal of any investor should be to first establish the investment, that is, start it, then step by step his investment will become more active and even Bitcoin investment will move forward in a disciplined manner through discretionary income.

[ejikeme24]

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.

personally, buying the dip doesn't seem attractive to me due to the fact that it is time consuming. Just like you said that there's no certainty about when the dip will happen, of course that's the more reason why I don't find it attractive. Majority of the investors who feel buying the dip is the best method for Thier Bitcoin accumulation end up wasting a whole lot of years just to wait for the dip, some started recently why some are yet to get started meanwhile, those of Thier friends that started together with them and have chosing to adopt the DCA is close to achieving Thier investment target. These method of buying the dip delayed a lot of guys from not starting Thier Bitcoin investment quite on time, so  I don't even see anything attractive about this method.

[Ribust]

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.

I get your point and to be honest, it does make sense too. It is very hard to forecast when the next dip would occur, which is the reason many investors keep holding cash until they find the right moment to buy and see Bitcoin rising continuously without them. That's why DCA is such a favored strategy among crypto investors because it eliminates any guessing or emotional involvement and guarantees regular accumulation of Bitcoin regardless of its price movement.

On the other hand, some crypto investors like to hold a bit of money in case of corrections because that would give them a chance to take advantage of fear and purchase even more coins. No matter which approach you choose, the key here is to follow the plan consistently.

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.

In my view, the concept of buying the dip is just an added opportunity and not an essential part of my strategy. As movements in the market are very unpredictable, I would rather go ahead with steady accumulation every time there is some extra money at my disposal. Using the DCA strategy relieves the pressure of timing the market and enables me to accumulate the Bitcoin holdings steadily.

Should any dip occur while I am accumulating my holdings, I can try and use it for my benefit and buy some more but I do not keep excess money in my possession, looking for that moment. As has been proved by history, consistency over time may be more important than getting the perfect entry point.

[Charcol]

Well, You are very much on point infact you just said something that people should know, I have seen on many occasions where most people here emphasize on stabe in income and source of income as if it guarantees anything, I think with what you said, those that think that they major thing about Bitcoin investment is how much someone earns and how stable ones income is, I don't know if maybe I have mentioned this before, Bitcoin investment is just common sense, the amount you earn is not what matters rather the major thing is being able to apply financial management very well, no matter the amount we earn, our discreationary income is what we should be looking for to invest in Bitcoin and once that is not properly figured out, it means such person has no place in Bitcoin investment.

You correct. An investor doesn't need have a stable income or a source of income before he can invest in bitcoin rather a discretionary income. If he has a discretionary income but he hasn't secured a source of income yet, he can invest in Bitcoin from his discretionary income and later seek for a job as his source income to support his bitcoin investment. However, in a scenario where there is no available discretionary income in his purse,he shouldn't invest but wait untill he has figure out his discretionary income. Because without discretionary income he cannot invest in bitcoin,any investment done outside of his discretionary income is gambling and not investment.

If a person wants, he can definitely invest in Bitcoin, because every person must find his source of income. Because to survive in this world, income is definitely needed, so every person finds a place to earn income, and those who find it can definitely do anything with their passive income, and if they can accept Bitcoin investment, it will definitely be a good plan. Those who invest in Bitcoin for the future will be able to succeed quickly and eliminate financial deficiencies.
Therefore, Bitcoin investment should be sufficient and attractive, so if you buy Bitcoin by following the DCA method, it will definitely be easy for you to keep it for a long time.

Whether a person can invest whenever they want depends on their discretionary income, not on their desire. Expressing a desire to invest is probably one of the best things. But having a desire and having discretionary income are not the same thing. Someone may have the desire to invest, but if they do not have discretionary income, then they are not in a position to invest right now.

It is probably not right to think that just because someone has income, they have investable money. Because someone may have income, but if all their money is gone on food, rent, family, loans, medical care, education or emergency expenses, then they have no discretionary income. And what is needed for investment is discretionary income.

[Jewan420]

Whether a person can invest whenever they want depends on their discretionary income, not on their desire. Expressing a desire to invest is probably one of the best things. But having a desire and having discretionary income are not the same thing. Someone may have the desire to invest, but if they do not have discretionary income, then they are not in a position to invest right now.

It is probably not right to think that just because someone has income, they have investable money. Because someone may have income, but if all their money is gone on food, rent, family, loans, medical care, education or emergency expenses, then they have no discretionary income. And what is needed for investment is discretionary income.

You may be right. Discretionary income is perhaps more important than willpower in Bitcoin investing. However, both are needed in investing. With strong willpower, it is possible to succeed outside the rules at times, but on a small scale and with great risk. However, we should not go to that risk in investing, which can be like gambling.

However, I also think that willpower in investing is important, because this willpower will one day be able to bring you a source of discretionary income from investment income and will create an opportunity for you to invest.

I want to be clear about one thing. As far as I know, discretionary income and discretionary money are not the same. Even if there is no discretionary income, you can invest with discretionary money. Discretionary income is the money that is left after deducting all expenses from your regular income sources. Discretionary money is money that you do not need in the long term, which you are saving in the bank or in your own home. It can be money received from your ancestors or money from selling land or any other asset. In this case we can say that investment can be done even if there is no discretionary income, in this case there must be discretionary money. I could be wrong here!

[SmartCharpa]

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

That’s the belief long term investors have when it comes to Bitcoin. They believe that no matter how much the market falls, the price will still increase one day, which is why they continue to invest. It’s not as if anyone knows what the future holds, but long term investors have seen Bitcoin fall very deeply before, and that did not stopped it from increasing prices again.

I think you misunderstood my point @princessleah. My point was never that bitcoin accumulation is a competition. Because everyone has different responsibilities, expenses, and financial goals.

What I was trying to highlight is that income alone does not tell the full story. Two people can earn the same amount, yet one is able to invest consistently because he manages his money well and creates discretionary income, while the other struggles to do so. At the end of the day, what matters is not how much a person earns, but how much he can comfortably set aside for Bitcoin after taking care of his necessary expenses.

Sure, two people can earn the same amount every month, but that doesn’t mean they have the same expenses. We don’t have to be in a competition with anyone only because we earn the same amount. There is nothing wrong to invest with the money we can afford. Trying to compete with other people may result in a serious financial problem, and put too much stress on yourself.

[KeenanEl19]

Whether a person can invest whenever they want depends on their discretionary income, not on their desire. Expressing a desire to invest is probably one of the best things. But having a desire and having discretionary income are not the same thing. Someone may have the desire to invest, but if they do not have discretionary income, then they are not in a position to invest right now.

It is probably not right to think that just because someone has income, they have investable money. Because someone may have income, but if all their money is gone on food, rent, family, loans, medical care, education or emergency expenses, then they have no discretionary income. And what is needed for investment is discretionary income.

Someone who has discretionary income or disposable income should already be able to invest regardless of the basic needs that have been met, and with this discretionary income used to invest but before that of course must have income first to meet the main needs in everyday life.

Regarding food, rent, family, loans and others that you say these are necessities in life but this will be met with proper money management, someone who already has the intention to invest will try to start with his discretionary income, minimizing expenses is one way that can be done to get discretionary funds that will be used to invest. I believe that when someone has a serious intention, there will be efforts made.

[Silikiem]

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.

I get your point and to be honest, it does make sense too. It is very hard to forecast when the next dip would occur, which is the reason many investors keep holding cash until they find the right moment to buy and see Bitcoin rising continuously without them. That's why DCA is such a favored strategy among crypto investors because it eliminates any guessing or emotional involvement and guarantees regular accumulation of Bitcoin regardless of its price movement.

On the other hand, some crypto investors like to hold a bit of money in case of corrections because that would give them a chance to take advantage of fear and purchase even more coins. No matter which approach you choose, the key here is to follow the plan consistently.

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.

In my view, the concept of buying the dip is just an added opportunity and not an essential part of my strategy. As movements in the market are very unpredictable, I would rather go ahead with steady accumulation every time there is some extra money at my disposal. Using the DCA strategy relieves the pressure of timing the market and enables me to accumulate the Bitcoin holdings steadily.

Should any dip occur while I am accumulating my holdings, I can try and use it for my benefit and buy some more but I do not keep excess money in my possession, looking for that moment. As has been proved by history, consistency over time may be more important than getting the perfect entry point.

Fuck crypto, this is a bitcoin investment thread and not crypto so let’s be careful not to address investors here as crypto investors but be specific to address them as bitcoin investors so that you don’t mislead newbies coming here into investing in shitcoins or scam coins because using the vague term crypto could mean any shitcoin as there are many of them that are not even worth investing in talk more of applying the DCA method on them and holding them for long because they don’t have the long term value, they are mostly pump and dump. It is better to be direct and focus on bitcoin investment as bitcoin have proven over the years to remain one of the most valuable assets to invest in and hold for long term goal.

[JayJuanGee]

~

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.

You seem to be struggling with differentiating between needs and wants.

Of course, there are levels of priorities, even with needs, there are some things that are urgently needed, such as enough food to survive, and there might be some kinds of costs that can either be deferred or maybe inferior products could be purchased.

If you are having trouble assuring that all of your needs are taken care of, then you might not have extra money that would be discretionary funds, and most likely many guys have to reach a certain level of excess in their discretionary funds before they might end up choosing to invest it into bitcoin, since bitcoin purchases would be locked up for 4-10 years or longer, like buying an ice cream cone or a cigarette, or a drink at a bar, or even paying for a ride at a carnival, once the money is spent on that particular thing, then there should be no expectation of getting the money back for 4-10 years or longer, even though with bitcoin we know that it is not a consumable and the bitcoin is still there (unlike the ice cream cone, cigarette, drink at a bar, or ride at a carnival that had been already consumed).  Bitcoin is liquid and it is volatile, so the value can be bouncing around all over the place to high points or to low points, which might tempt any of us HODLers to want to tap into the bitcoin prior to the timeline that we  might have had created for ourselves.

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.

I would think that the best ways to accumulate bitcoin involve also making sure to ongoingly have back up funds so that if there are ever decreases in income and/or increases in expenses, then the back up funds can be used to pay for any basic expenses that cannot be deferred until the next paycheck is received, and also so that the bitcoin does not get tapped into at a time that was not completely at the investor's choosing.

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...

The expression "yours truly" is used to refer to yourself, not to someone else, so you are misusing the expression since you seem to be referring to the beliefs of Obulis.

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...

Otherwise, I largely agree with the rest of your statement.  Guys will combine buy the dip and DCA strategies and act like they are doing something smart, and sure they can do whatever they like, yet they should realize that there are trade-offs, like you mentioned, which is that the dips may or may not happen and they also might screw up their own focus on ongoing buying of bitcoin and increasing their discretionary income, which might be better ways to spend their time and energies rather than screwing around waiting for dips that may or may not end up happening.

[Mandoy]

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.

I get your point and to be honest, it does make sense too. It is very hard to forecast when the next dip would occur, which is the reason many investors keep holding cash until they find the right moment to buy and see Bitcoin rising continuously without them. That's why DCA is such a favored strategy among crypto investors because it eliminates any guessing or emotional involvement and guarantees regular accumulation of Bitcoin regardless of its price movement.

On the other hand, some crypto investors like to hold a bit of money in case of corrections because that would give them a chance to take advantage of fear and purchase even more coins. No matter which approach you choose, the key here is to follow the plan consistently.

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.

In my view, the concept of buying the dip is just an added opportunity and not an essential part of my strategy. As movements in the market are very unpredictable, I would rather go ahead with steady accumulation every time there is some extra money at my disposal. Using the DCA strategy relieves the pressure of timing the market and enables me to accumulate the Bitcoin holdings steadily.

Should any dip occur while I am accumulating my holdings, I can try and use it for my benefit and buy some more but I do not keep excess money in my possession, looking for that moment. As has been proved by history, consistency over time may be more important than getting the perfect entry point.

Fuck crypto, this is a bitcoin investment thread and not crypto so let’s be careful not to address investors here as crypto investors but be specific to address them as bitcoin investors so that you don’t mislead newbies coming here into investing in shitcoins or scam coins because using the vague term crypto could mean any shitcoin as there are many of them that are not even worth investing in talk more of applying the DCA method on them and holding them for long because they don’t have the long term value, they are mostly pump and dump. It is better to be direct and focus on bitcoin investment as bitcoin have proven over the years to remain one of the most valuable assets to invest in and hold for long term goal.

I'm OK with this discussion remaining on Bitcoin and not the crypto market. Calling them crypto investors is a bit of a misnomer as not every cryptocurrency is as robust and valuable over the long-term as Bitcoin. In the realm of investing, both DCA and buying dips can be successful approaches. Contingent upon the individual's inclinations. DCA can help avoid the timing the market pressure. But a small cash on the sidelines" for major corrections might give an extra opportunity. The key point is consistency, having a plan and building your Bitcoin holdings slowly and steadily over time.

[Different patterns]

~

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.

You seem to be struggling with differentiating between needs and wants.

Of course, there are levels of priorities, even with needs, there are some things that are urgently needed, such as enough food to survive, and there might be some kinds of costs that can either be deferred or maybe inferior products could be purchased.

If you are having trouble assuring that all of your needs are taken care of, then you might not have extra money that would be discretionary funds, and most likely many guys have to reach a certain level of excess in their discretionary funds before they might end up choosing to invest it into bitcoin, since bitcoin purchases would be locked up for 4-10 years or longer, like buying an ice cream cone or a cigarette, or a drink at a bar, or even paying for a ride at a carnival, once the money is spent on that particular thing, then there should be no expectation of getting the money back for 4-10 years or longer, even though with bitcoin we know that it is not a consumable and the bitcoin is still there (unlike the ice cream cone, cigarette, drink at a bar, or ride at a carnival that had been already consumed).  Bitcoin is liquid and it is volatile, so the value can be bouncing around all over the place to high points or to low points, which might tempt any of us HODLers to want to tap into the bitcoin prior to the timeline that we  might have had created for ourselves.

Exactly I agree with you, this is the one of reasons why someone should have a long term mindset toward bitcoin investment is very important, many people made big mistakes for treating bitcoin like a short term savings instead of a long term investment, before investing in bitcoin is also a good idea to make sure that essential needs and responsibilities are well covered, and also bitcoin should be purchase with funds that is not needed anytime soon or for expenses.

Whenever someone want to invest in bitcoin you should prepare to leave that your investment untouched for many years not a month because those who benefit most are those that remain patient even during the period of volatility. That’s I come with this good example for someone to planting a fruit mango tree today and expecting to harvest fruit next week. That’s unbelievable, such can never happen,that tree needs time to develop a strong roots before it can produce anything valuable. That apply to bitcoin investment works in similar way, that’s to leave your bitcoin investment untouched for many years is more favorable for you than short term.

[johnsaributua]

Exactly I agree with you, this is the one of reasons why someone should have a long term mindset toward bitcoin investment is very important, many people made big mistakes for treating bitcoin like a short term savings instead of a long term investment, before investing in bitcoin is also a good idea to make sure that essential needs and responsibilities are well covered, and also bitcoin should be purchase with funds that is not needed anytime soon or for expenses.

Whenever someone want to invest in bitcoin you should prepare to leave that your investment untouched for many years not a month because those who benefit most are those that remain patient even during the period of volatility. That’s I come with this good example for someone to planting a fruit mango tree today and expecting to harvest fruit next week. That’s unbelievable, such can never happen,that tree needs time to develop a strong roots before it can produce anything valuable. That apply to bitcoin investment works in similar way, that’s to leave your bitcoin investment untouched for many years is more favorable for you than short term.

Sometimes, it's not that people aren't investing long-term but rather because of financial circumstances that force them to invest short-term. This doesn't mean we can equate all Bitcoin investments with the same approach.

Every choice made by a person certainly has a goal and mindset for each of them and I really agree with the idea you said that the biggest mistake is indeed if they do it with a short-term investment pattern only what we need to understand together is that someone who does it with a pattern like that is definitely from the financial side and income that does not fully support them to make long-term investments so that the short term is their last way to do it like that and they also think that if the income they get is always stable or have more than one source of income of course they will not follow or do it with a short-term pattern they will definitely make long-term investments so their last choice when their income is lacking is to invest with a short-term pattern.

Doing this, of course we are someone who has a lot of finances or income especially weekly or monthly income because every person who makes long-term investments and will not touch the investments that have been collected of course that person can be said to just sit back and every month or week there is always income that exceeds their needs and let alone those who do like that we personally will also do the same thing to not touch what we have collected because they do it very easily in terms of finances that come to them and I liken them to having a business that has more than five businesses so that every week they have income from one business or business that they created so that two of our businesses are sufficient for needs so that three more are projected towards Bitcoin investments without us touching this is a picture that we can say as an example.

[BluebloodCXVI]

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.

Well the last time i checked, you don’t have the right to tell other people what they should do or shouldn’t do with their bitcoin. If someone decides to save up in bitcoin and buy a car for themselves then they must have a good reason for it and it is their choice to make because they are the ones that know what their predicament is, and their priorities, and also how that decision could improve their life.
You can’t just say  a car is a liability for everyone. Some people could buy a car to use it to offer transportation services and make money from it,  create opportunities for themselves or simply just to make their daily lives more easier. So in this case is it still a liability?
Also this your idea that their bitcoin would have definitely generated more profit if they had just kept holding it is a flawed argument. Nothing about the future returns of bitcoin is guaranteed. Yes bitcoin has performed well over the past years but past performance doesn’t guarantee future results.
So the bottom line is that we are all investing to improve the quality of our lives. So if someone reaches their goal and decides to use their bitcoin to buy something valuable or meaningful for themselves, then their investment has done exactly what it was supposed to do.
And besides, i only used this buying a car scenario as an example to point out that people invest in bitcoin for different reasons and also to highlight that when a person has a clear vision for why they started investing in bitcoin, they tend to be more focused and careful with the kind of decisions they make with their investment. It’s not everybody that wants to hold their bitcoin for 100years without spending from it.

[wmaurik]

I'm OK with this discussion remaining on Bitcoin and not the crypto market. Calling them crypto investors is a bit of a misnomer as not every cryptocurrency is as robust and valuable over the long-term as Bitcoin. In the realm of investing, both DCA and buying dips can be successful approaches. Contingent upon the individual's inclinations. DCA can help avoid the timing the market pressure. But a small cash on the sidelines" for major corrections might give an extra opportunity. The key point is consistency, having a plan and building your Bitcoin holdings slowly and steadily over time.

What you say is not wrong, because investors who focus on buying Bitcoin using the DCA method must also have other plans and focuses, such as preparing cash for specific purposes, as in your example. Because when a market downturn occurs, investors who used to buy Bitcoin continuously are often eager to capitalize on the price decline with their new capital. This means that investors who are immune to any situation will always want to buy in any situation because they have already developed a plan and thought about how to deal with it before it occurs.

So, it's not surprising that many investors who have used DCA from the past and present still don't panic when they see price declines, because for them, it also represents an opportunity to inject new capital into the market, even though their existing capital has been reduced by the price decline. However, some investors are clearly willing to wait patiently for a recovery while using their new capital to achieve greater profits at another time.

[B-BossMan]

Otherwise, I largely agree with the rest of your statement. Guys will combine buy the dip and DCA strategies and act like they are doing something smart, and sure they can do whatever they like, yet they should realize that there are trade-offs, like you mentioned, which is that the dips may or may not happen and they also might screw up their own focus on ongoing buying of bitcoin and increasing their discretionary income, which might be better ways to spend their time and energies rather than screwing around waiting for dips that may or may not end up happening.

You the biggest problem most investors have is not about looking for a perfect price, but it's about building a system in which they can follow consistently, When they have a steady dollar cost averaging (DCA) plans and also be increasing income would actually creat a smooth reliable flow of capital into bitcoin, And with due time, it will definitely outperform the endless looking or waiting for the dip, in facts the biggest problems that some folks don't understand is, waiting for the dip price truly shift one's attentions from accumulation and to predictions. And this same predictions is where many people get stuck on.

However, bitcoin stacking should be seen as daily routines like brushing your own teeth. You just don't woke up every morning a day begin wondering whether conditions are good or perfect enough to brush your own teeth, you gently do it because consistency actually matters more than timing and at the same time regularly buying of bitcoin keeps the process moving forward regardless of the market noises. So if an extra cash is available its fine, taking advantage of the dip at the process is not bad,but it should only serve as an additions to the initial plan.Moreover, long-term mindset usually the people who accumulate more bitcoin consistently for several years.

[Tongley]

Otherwise, I largely agree with the rest of your statement. Guys will combine buy the dip and DCA strategies and act like they are doing something smart, and sure they can do whatever they like, yet they should realize that there are trade-offs, like you mentioned, which is that the dips may or may not happen and they also might screw up their own focus on ongoing buying of bitcoin and increasing their discretionary income, which might be better ways to spend their time and energies rather than screwing around waiting for dips that may or may not end up happening.

Even after continuing to buy continuously, if a person saves money and waits to take advantage of the decline or to buy aggressively, it is not at all right. Whether the price of Bitcoin is currently at its highest level or at its lowest level, we should continue to buy continuously.

Waiting for a decline can take a person away from the path of continuous investment. Many times it is seen that the desired decline never happens. Waiting for a decline is waiting for an unknown future, it is never possible to say whether it will ever happen or not.

If a person wants to take advantage of the decline while continuing to buy continuously, then if he has the ability to take out a loan, he can buy aggressively by taking out a loan. Or if he has some kind of land that he is not using or is not getting any benefit from it at present, then he can sell that land and buy aggressively during the decline. Depending on our financial situation, it is best to continue to buy aggressively as much as possible without overdoing it.

[samadam007]

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.

Having a goal for keeping Bitcoin might help folks stay focused, but it doesn't automatically mean they will make better decisions.
Someone saving for a car can still make mistakes and someone who started Bitcoin because of a friend can take time to learn and become a responsible investor.
I think what matter most is understanding your investment and being conscious of the risks involved. Your reason for investing doesn't determine if you will be responsible or reckless.

[Grease5000]

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.

Having a goal for keeping Bitcoin might help folks stay focused, but it doesn't automatically mean they will make better decisions.
Someone saving for a car can still make mistakes and someone who started Bitcoin because of a friend can take time to learn and become a responsible investor.
I think what matter most is understanding your investment and being conscious of the risks involved. Your reason for investing doesn't determine if you will be responsible or reckless.

From my own experience, having a clear reason for holding Bitcoin makes it easier to stay disciplined and stick to the plan.   One of the wrong idea most people have  about Bitcoin is that they see it as something they can buy and trade immediately for quick profit. While people who have the right Idea and knowledge  about bitcoin  and the potential it posses see it as an asset with long term value potential that investor  can gradually build over time.

When someone understands why he is accumulating Bitcoin and sees it as a long term asset, it becomes easier to ignore short term noise and stay focused on his goal.

[sotelorene]

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.

Having a goal for keeping Bitcoin might help folks stay focused, but it doesn't automatically mean they will make better decisions.
Someone saving for a car can still make mistakes and someone who started Bitcoin because of a friend can take time to learn and become a responsible investor.
I think what matter most is understanding your investment and being conscious of the risks involved. Your reason for investing doesn't determine if you will be responsible or reckless.

You seems to be confusing yourself of course someone who has a goal to keep Bitcoin will definitely and ensure to make a good decision unless they don't have the knowledge that is required to keep them sailing properly. I don't advise anyone to start Bitcoin investment simply because a friend of theirs is investing that is very wrong because there is chance you get into problem. Someone should pick or find it interesting or good to invest in Bitcoin and not because of friend because it will make you want to competite.

[ZeroVinsonN]

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.

The problem here is that those people that are not willing to accumulate are those that does not have any opportunity, in this world they have different people and based on this kind of category is the reason why a lot are seeing bitcoin investment as something else. That is why they keep on procrastinating in terms of bitcoin investment, some of these people doesn't have access to any fund and they also don't want to encourage anyone. Immediately I see this kind of people, I challenge them I don't collect shit from them because I know what bitcoin is, that is why I always want people around me should really know about Bitcoin.

There are people with the funds who are still not accumulating, its not always about them not having discretionary income to buy with because the truth is that most of them do have the discretionary income, they are just too afraid to leave their comfort zone, the simple truth is that long term bitcoin investment is exactly what it is; long term, these people just don't want to put themselves inside that journey, they want something quicker and that's why they can't bring themselves to buy with the excuse that bitcoin is too expensive.