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alankasman
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Today at 05:22:02 AM |
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It is not just about using smaller amounts to do DCA . The most important thing here is if this small amount is the person discretionary income, then they are good to invest it in bitcoin. However, if it happens that this money no matter how small it maybe is not discretionary income shouldn't be used for accumulating bitcoin. Therefore, using money that is not discretionary income for investing in bitcoin no matter how small the amount maybe is same as trading or gambling with bitcoin.
This is true because what is needed in investing is not just a large or small amount but rather the ability to invest with the discretionary funds we have and our consistent attitude in protecting our investments. This is something that many people rarely do. Sometimes by investing large amounts without any regard for the accumulation that has been done through DCA ultimately we don't gain profits from investing but rather losses. This is because we are too busy with other things so the large amount we invest in certainly never protects or cares about the amount we have invested in Bitcoin. However, with a small amount but a consistent attitude carried out by someone to protect that small amount is very good so that in the end slowly but surely that small amount will become large. This is because the concern for that amount is very worthy of being protected so that for me it is natural for them to be able to reach or achieve the point they want while investing even with a fairly small amount but the way to protect that amount is worth getting it even though basically that person is doing DCA with the discretionary funds they have.
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Barikui1
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Today at 06:52:44 AM |
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when someone receives their monthly salary, they always set aside a small portion for investment and the rest for living expenses with their family. This particular approach seems like a logical thing to do on the eyes, but it's wrong because any wrong miscalculation will disrupt all your plans and you may later fall back to your bitcoin investment to sorts out those basic needs your have not addressed, so I believe that the best way is by addressing your basic needs first, then anything that is left is what you should be investing with, not the guidelines you are talking about. There's no need to wait for the remaining money to invest because someone can consistently set aside a small portion to invest, so that over the long term, assets will inevitably grow slowly. Although there are certain advantages to having discretionary income to invest.
Don't be impatient my guy, and I bet you that if you can do the right thing by figuring out your discretionary income first before investing in Bitcoin, the probability of your investment being a success is very high, unlike when you invest from your net income without taking care of your basic needs first.
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The Founding Titan
Full Member
 

Activity: 238
Merit: 158
Spinly.io - Next-gen Crypto iGaming Platform
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Today at 07:56:39 AM |
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If s person decides not to invest with their discretionary income, using the DCA won't do them any good, the first thing about bitcoin investment is that it should be done with our discretionary income, the strategy comes after that, once thst first rule isn't obeyed then pushing forward with claiming that the DCA will work is wrong, if an investor isn't investing with their discretionary income then whatever strategy they are using no longer matters, it will crumble.
Every investor should understand that their Investments are made with discretionary income, meaning the money is not their living expenses, Or what we know as cold money. This is important to note because Investing in Bitcoin is a long term investment, So regular weekly bitcoin purchases are made with discretionary Income. With discretionary income, We can purchase Bitcoin using various Strategies that are convenient for us, such as dca, Lump sum, or aggressive Buying. Therefore, Investors must know how much funds to allocate to buying Bitcoin, Whether it's 5% or 10%, as long as it doesn't interfere with their daily living expenses. Aggressive buying isn't a bitcoin investment strategy on its own, you can be using any of the actual investment strategies which includes DCAing, buying the DIP and lump summing and then decide to be aggressive with them. And even when using the DCA you don't have to stick to buying weekly if your discretionary income can handle it, it's very important to buy bitcoin with only what you can tolerate, if a fixed weekly purchase won't work for you then do what will work, the investment is long term, there is no need to rush yourself too much.
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Yablee0
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Today at 09:07:50 AM Last edit: Today at 03:41:11 PM by Yablee0 |
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I think the rich folk may not necessarily need an emergency fund and reserve fund put in place because they have rich daddy,mummy, friends and rich godfathers that they can rely on in case of emergencies. When face in a real life emergency situation they know they can call on their rich pals for supports but this isn't applicable to everyone because we are not the same, not everyone have rich pals who would back them up in an emergency situation which is why we should have our emergency fund and reserve fund put in place. Bitcoin investment is a personal journey,every investors with different capabilities which is why your emergency fund and reserve funds should be put in place. If others have refuses to build theirs because they have rich daddy and uncles doesn't mean you shouldn't build yours as well.
Because one has people around who may be of help to them should not mean one shouldn't consider having an emergency fund. The people you think you can rely on may disappoint you by not providing assistance in time when you need support. And this is not a standard to invest in Bitcoin. As an investor, it is expected to make a good financial plan by investing with discretionary income and also to have an emergency fund. You don’t just invest haphazardly without an emergency fund just because you have people who can come through for you, because even when you think you have this advantage, anything can happen. Being financially buoyant or having financial supporters does not warrant one to invest nonchalantly. Lol, it sounds so funny for someone to be practically hoping on someone else in a world that anything is likely possible, even your own twin brother can even fail you. Their is a saying that says, what is yours is yours, you can't be building a financial hope on someone you aren't sure of, that's very unreasonable and certainly not advisable as a Bitcoin enthusiast. For you to be ensure of a proper planning structure in your investment journey you have to do things the right way by setting up your own emergency funds yourself and stay independent on your own so you won't be disappointed when unexpected matter's arises.
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Joeboy
Sr. Member
  

Activity: 420
Merit: 306
Not Your Keyz Not Your Coinz
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Today at 09:12:03 AM |
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Nobody should never invest in Bitcoin with money outside of discretionary income. For those who are initially afraid to invest in Bitcoin despite having a high amount of discretionary income or want to take Bitcoin for experiment purpose due to lack of knowledge, then investing in Bitcoin with a low amount may be a good way. In this case, he will not feel much pressure during the investment. Moreover, as he gains knowledge, his confidence in Bitcoin will increase. With confidence, he will be able to increase the DCA amount according to his discretionary income.
And if he invests in Bitcoin and holds it for a long time, the chances of success increase. Trading Bitcoin in the short term is as uncertain as gambling. So if you are thinking of making a profit from Bitcoin, then you must have a mindset of holding it for the long term and plan accordingly. If you want to get rich overnight, the losses will be greater than the gains.
For the 100th time, profit isn't guaranteed even when folks hold for longer time durations... Though holding Bitcoin for long term durations tends to place guys in much more better positions... But then again, Bitcoin is highly volatile..Surely we seem to have seen periods whereby Bitcoin appreciated and yielded Folks with good returns in the past... But then again you aren't a seer who knows what will become of the price of Bitcoin in years to come... And that's the more reason why it is best that folks invest using only the money that they know for sure that they can afford to lose..
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G_Besar
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Today at 11:02:15 AM |
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It is not just about using smaller amounts to do DCA . The most important thing here is if this small amount is the person discretionary income, then they are good to invest it in bitcoin. However, if it happens that this money no matter how small it maybe is not discretionary income shouldn't be used for accumulating bitcoin. Therefore, using money that is not discretionary income for investing in bitcoin no matter how small the amount maybe is same as trading or gambling with bitcoin.
The amount of capital doesn't matter as long as the money is money that is truly needed and not used for other necessities in life. Because basic needs are something that should be prioritized over other needs, such as in the example of investing. Although investments also need to be focused more consistently, the funds must be funds that are completely free from any other needs. So I clearly agree with what you said, but by now I think many people are already aware of this because most people already use the DCA method when investing in Bitcoin. So we only need to remind beginners or new investors who have started to be interested in Bitcoin investments about this kind of thing so that they don't immediately rush into using certain funds for Bitcoin investments.
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B-BossMan
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Today at 11:17:52 AM |
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Yes, normally, if we are choosing to invest in bitcoin, then our two main kinds of back up funds are emergency funds and reserve funds, and of course, we could have other asset that we are invested into that we could draw from or we might have friend/relatives who might be willing to bail us out or to give us a loan, so some folks might have resources outside of their back up funds that they could draw upon prior to having to tap into their bitcoin.
We likely know that we have priorities in what we might draw upon and some kinds of back up funds (such as other investments) are more liquid than others and some are more volatile than others, and there may well be a lot of guys who get into bitcoin, and they have nearly no other assets or resources (perhaps maybe family that might bail them out, but maybe only for small kinds of bailouts), yet the longer that they are building their bitcoin investment and their various back up funds, they may well also be making other investments that could help them if they were to need to get bailed out, so they would also likely have a hierarchy of priority, including that if they end up buying a house they might be reluctant to sell it unless they had no other choice, so if some of their other assets are less liquid than bitcoin, there may well end up being choices to sell bitcoin rather than attempting to liquidate certain assets that are less liquid than bitcoin.
I agree with this. There are some folks that tends to ignore the emergency funds and reserve funds while investing in bitcoin, and as a long-term investors you really need to keep aside your emergency funds for any unexpected emergency that may comes up, some people may think it's not necessary to have it while investing, but the facts is, having emergency funds when investing into bitcoin gives you a protections from being forced to sell off your bitcoin assets. However we are smarter than one another when it comes to financial planning, some investors actually have other business they invested on outside or aside the bitcoin holdings, so whenever any emergency arrives they have plenty options without tempering thier bitcoin assets and these are still the kinds of investors that enjoy taking an advantage of any dips ,because already they have more discretionary income to use, which serves as an opportunity for them to buy more bitcoin and hold for long term period
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sotelorene
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Today at 12:23:16 PM |
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If s person decides not to invest with their discretionary income, using the DCA won't do them any good, the first thing about bitcoin investment is that it should be done with our discretionary income, the strategy comes after that, once thst first rule isn't obeyed then pushing forward with claiming that the DCA will work is wrong, if an investor isn't investing with their discretionary income then whatever strategy they are using no longer matters, it will crumble.
Every investor should understand that their Investments are made with discretionary income, meaning the money is not their living expenses, Or what we know as cold money. This is important to note because Investing in Bitcoin is a long term investment, So regular weekly bitcoin purchases are made with discretionary Income. With discretionary income, We can purchase Bitcoin using various Strategies that are convenient for us, such as dca, Lump sum, or aggressive Buying. Therefore, Investors must know how much funds to allocate to buying Bitcoin, Whether it's 5% or 10%, as long as it doesn't interfere with their daily living expenses. Aggressive buying isn't a bitcoin investment strategy on its own, you can be using any of the actual investment strategies which includes DCAing, buying the DIP and lump summing and then decide to be aggressive with them. And even when using the DCA you don't have to stick to buying weekly if your discretionary income can handle it, it's very important to buy bitcoin with only what you can tolerate, if a fixed weekly purchase won't work for you then do what will work, the investment is long term, there is no need to rush yourself too much. You are right, aggressive buying is just like an act or the action someone especially an investor put towards the market to ascertain or take advantage over the market condition in a given period of time, because it is not all the time an investor can be aggressive, they are only aggressive when the market present a good opportunity for them and note, an investor will or should only be aggressive if they have kept funds to use in other words, it means if they have save money from the discretionary for that kind of opportunity.
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Bigjoe33
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You are right, aggressive buying is just like an act or the action someone especially an investor put towards the market to ascertain or take advantage over the market condition in a given period of time, because it is not all the time an investor can be aggressive, they are only aggressive when the market present a good opportunity for them and note, an investor will or should only be aggressive if they have kept funds to use in other words, it means if they have save money from the discretionary for that kind of opportunity.
I think aggressiveness is NOT only limited to when the market price is favourable or declines, or that investors are only aggressive when the market price falls, nope. I believed any investor can be aggressively involved in the market anytime when he seems fit and ready, provided he has the funds to do so. We know that the down time gives more rise to more Bitcoin that one can accumulate when compared to high market prices with the same amount, but I still think that any investor can get aggressive in the market at any time regardless of whether it is down time or high price moments, provided he has extra funds or cash to do so.
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Different patterns
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Today at 01:49:45 PM |
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Nobody should never invest in Bitcoin with money outside of discretionary income. For those who are initially afraid to invest in Bitcoin despite having a high amount of discretionary income or want to take Bitcoin for experiment purpose due to lack of knowledge, then investing in Bitcoin with a low amount may be a good way. In this case, he will not feel much pressure during the investment. Moreover, as he gains knowledge, his confidence in Bitcoin will increase. With confidence, he will be able to increase the DCA amount according to his discretionary income.
And if he invests in Bitcoin and holds it for a long time, the chances of success increase. Trading Bitcoin in the short term is as uncertain as gambling. So if you are thinking of making a profit from Bitcoin, then you must have a mindset of holding it for the long term and plan accordingly. If you want to get rich overnight, the losses will be greater than the gains.
For the 100th time, profit isn't guaranteed even when folks hold for longer time durations... Though holding Bitcoin for long term durations tends to place guys in much more better positions... But then again, Bitcoin is highly volatile..Surely we seem to have seen periods whereby Bitcoin appreciated and yielded Folks with good returns in the past... But then again you aren't a seer who knows what will become of the price of Bitcoin in years to come... And that's the more reason why it is best that folks invest using only the money that they know for sure that they can afford to lose.. I share your view, since bitcoin price is highly volatile, it’s often encouraging must especially newbie in systems to always use money they can afford as nobody can honestly promise that bitcoin will worth so amount in future, that’s to encouraging the new investors to invest what you can afford to lose is one of must important thing investor should know. Stating small, invest through dollar cost averaging, and keep Learning because every investment carries some level of risk not only in bitcoin but bitcoin had continue to attract investors for it long term because of it growing adoption, that’s why new investors should focus on good habits toward bitcoin than predict the market.
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impulse709
Full Member
 

Activity: 994
Merit: 163
Bitz.io Best Bitcoin and Crypto Casino
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Today at 04:04:27 PM |
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Nobody should never invest in Bitcoin with money outside of discretionary income. For those who are initially afraid to invest in Bitcoin despite having a high amount of discretionary income or want to take Bitcoin for experiment purpose due to lack of knowledge, then investing in Bitcoin with a low amount may be a good way. In this case, he will not feel much pressure during the investment. Moreover, as he gains knowledge, his confidence in Bitcoin will increase. With confidence, he will be able to increase the DCA amount according to his discretionary income.
And if he invests in Bitcoin and holds it for a long time, the chances of success increase. Trading Bitcoin in the short term is as uncertain as gambling. So if you are thinking of making a profit from Bitcoin, then you must have a mindset of holding it for the long term and plan accordingly. If you want to get rich overnight, the losses will be greater than the gains.
For the 100th time, profit isn't guaranteed even when folks hold for longer time durations... Though holding Bitcoin for long term durations tends to place guys in much more better positions... But then again, Bitcoin is highly volatile..Surely we seem to have seen periods whereby Bitcoin appreciated and yielded Folks with good returns in the past... But then again you aren't a seer who knows what will become of the price of Bitcoin in years to come... And that's the more reason why it is best that folks invest using only the money that they know for sure that they can afford to lose.. I share your view, since bitcoin price is highly volatile, it’s often encouraging must especially newbie in systems to always use money they can afford as nobody can honestly promise that bitcoin will worth so amount in future, that’s to encouraging the new investors to invest what you can afford to lose is one of must important thing investor should know. Stating small, invest through dollar cost averaging, and keep Learning because every investment carries some level of risk not only in bitcoin but bitcoin had continue to attract investors for it long term because of it growing adoption, that’s why new investors should focus on good habits toward bitcoin than predict the market. One of the most effective ways to avoid emotional stress in Bitcoin investing is to only invest what you can afford, or discretionary income. But I do believe that people should not say that holding long-term will lead to profit - as nobody can be certain about the future. History has proven that those who managed to stick with the investment and not panic sell had better results than those who wanted a quick get rich scheme. It's a sensible strategy to start a small DCA scheme and keep educating yourself about Bitcoin. The focus should be on good risk management. Realistic expectations and consistency rather than attempting to anticipate where the price will be years later.
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Tonimez
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Today at 04:24:05 PM |
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[Edited out]
One of the most effective ways to avoid emotional stress in Bitcoin investing is to only invest what you can afford, or discretionary income. But I do believe that people should not say that holding long-term will lead to profit - as nobody can be certain about the future. History has proven that those who managed to stick with the investment and not panic sell had better results than those who wanted a quick get rich scheme. It's a sensible strategy to start a small DCA scheme and keep educating yourself about Bitcoin. The focus should be on good risk management. Realistic expectations and consistency rather than attempting to anticipate where the price will be years later. The core reason for advocating for a long term HODLing period is not that anyone is certain about how much the price would be in a given period of time. However, we're advised to HODL for a long time because based on the records available, the longer you HODL your bitcoin, the higher the chances of making good profit on the average. It could be disappointing to go into bitcoin with greed or a short term mindset because bitcoin is too volatile and you may end up loosing your money in the short term. As a beginner, you are expected to maintain a workable DCA approach that would allow you the financial liberty to live a normal life with less suffering instead of being overly aggressive with your accumulation process because you think you want to make profit in the short term. As a beginner, you should have an initial HODLing period of at least 4 to 10 years and then after or prior to the end of that period, you could see more reasons to keep holding because the longer you HODL, the better chances to make a larger profit even though nothing is certain.
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Soldroplet
Member


Activity: 116
Merit: 16
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Today at 04:31:35 PM |
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Nobody should never invest in Bitcoin with money outside of discretionary income. For those who are initially afraid to invest in Bitcoin despite having a high amount of discretionary income or want to take Bitcoin for experiment purpose due to lack of knowledge, then investing in Bitcoin with a low amount may be a good way. In this case, he will not feel much pressure during the investment. Moreover, as he gains knowledge, his confidence in Bitcoin will increase. With confidence, he will be able to increase the DCA amount according to his discretionary income.
And if he invests in Bitcoin and holds it for a long time, the chances of success increase. Trading Bitcoin in the short term is as uncertain as gambling. So if you are thinking of making a profit from Bitcoin, then you must have a mindset of holding it for the long term and plan accordingly. If you want to get rich overnight, the losses will be greater than the gains.
I agree with you especially when you have beautifully highlighted the issues of investing from discretionary income, starting small and holding long time. However, I think that the part "So if you are thinking of making a profit from Bitcoin" needs to be corrected. Because our main goal should not be profit, but to gradually accumulate sufficient Bitcoin. Profit may come naturally over time, but it is not certain, but if profit is made the main goal from the beginning, many may fall into the temptation of selling at a small profit, and there remains a possibility of losing everything, especially those who are new. Therefore, the most important thing for those who are new to investing is to keep their cashflow, backup fund and discretionary income in order and continue investing in Bitcoin in a regular DCA method.
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ruykeri
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Today at 04:35:17 PM |
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I agree with this. There are some folks that tends to ignore the emergency funds and reserve funds while investing in bitcoin, and as a long-term investors you really need to keep aside your emergency funds for any unexpected emergency that may comes up, some people may think it's not necessary to have it while investing, but the facts is, having emergency funds when investing into bitcoin gives you a protections from being forced to sell off your bitcoin assets. However we are smarter than one another when it comes to financial planning, some investors actually have other business they invested on outside or aside the bitcoin holdings, so whenever any emergency arrives they have plenty options without tempering thier bitcoin assets and these are still the kinds of investors that enjoy taking an advantage of any dips ,because already they have more discretionary income to use, which serves as an opportunity for them to buy more bitcoin and hold for long term period
You are right. It is very important to have a backup fund when investing in Bitcoin. Because since a person invests in Bitcoin with the intention of holding it for a long time, unexpected events can happen in his life during this long time. His income may stop or a family member may need a lot of money for medical treatment. If there is no backup fund at that time, then a situation may arise where the Bitcoin is sold at the wrong time. Which will really put an investor at risk of a big loss. But if he has a backup fund at that time, then he will be able to meet that financial need without selling the Bitcoin holding. The purpose of an individual's investment will be to hold it for a minimum of 4 to 10 years. If there is an emergency that requires money, he will first see if he has any money saved up and try to solve it. After that, if the amount of money required is very high, he will try to solve the problem by taking money from the emergency fund reserve fund. If there is an incident where someone in the family needs to undergo an operation for medical treatment on an emergency basis, which will require a lot of money, which cannot be met by the backup fund. Then that person will sell his Bitcoin holding as a last resort. This is how backup funds and Bitcoin holdings basically work. And investing through such proper planning increases the chances of success in the long term through Bitcoin.
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Comeacross
Member


Activity: 146
Merit: 94
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Today at 04:44:08 PM |
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One of the most effective ways to avoid emotional stress in Bitcoin investing is to only invest what you can afford, or discretionary income. But I do believe that people should not say that holding long-term will lead to profit - as nobody can be certain about the future. History has proven that those who managed to stick with the investment and not panic sell had better results than those who wanted a quick get rich scheme. It's a sensible strategy to start a small DCA scheme and keep educating yourself about Bitcoin. The focus should be on good risk management. Realistic expectations and consistency rather than attempting to anticipate where the price will be years later.
Bitcoin is a volatile asset that no one can predict it future price. We can only speculate based on trends and it can be near accurate or totally wrong some time. Assuring guarantee profit for holding long term is indirectly setting newbies for disappointment in case things go opposite direction. Historically, bitcoin usually reward those who hold through multiple cycles but it comes with sacrifice and patience. Yet, they refuse to sell out of fear and that's how "invest what you can afford to lose" comes in. You won't be able to hold during brutal drawdowns if you invest with money you can not afford to lose, you'll obviously panic and sell at loss.
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Shaponzy
Newbie

Activity: 22
Merit: 3
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Today at 04:57:08 PM |
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Nobody should never invest in Bitcoin with money outside of discretionary income. For those who are initially afraid to invest in Bitcoin despite having a high amount of discretionary income or want to take Bitcoin for experiment purpose due to lack of knowledge, then investing in Bitcoin with a low amount may be a good way. In this case, he will not feel much pressure during the investment. Moreover, as he gains knowledge, his confidence in Bitcoin will increase. With confidence, he will be able to increase the DCA amount according to his discretionary income.
And if he invests in Bitcoin and holds it for a long time, the chances of success increase. Trading Bitcoin in the short term is as uncertain as gambling. So if you are thinking of making a profit from Bitcoin, then you must have a mindset of holding it for the long term and plan accordingly. If you want to get rich overnight, the losses will be greater than the gains.
For the 100th time, profit isn't guaranteed even when folks hold for longer time durations. Though holding Bitcoin for long term durations tends to place guys in much more better positions... But then again, Bitcoin is highly volatile..Surely we seem to have seen periods whereby Bitcoin appreciated and yielded Folks with good returns in the past... But then again you aren't a seer who knows what will become of the price of Bitcoin in years to come... And that's the more reason why it is best that folks invest using only the money that they know for sure that they can afford to lose.. I partially agree with this particular statement of yours, I know Bitcoin is volatile in nature, which means that the price can fluctuate at any time it like, so even with the certainty of price, it's better to encourage us the newbies to develop trust and confidence towards bitcoin investment. Okay, so those that have been investing for long-term, like 5 to 10 would not have any profits at the end? I may understand you differently but this particular statement may seems harsh Dude. Historically, bitcoin has shown us how valuable it is, buying bitcoin and holding it for long-term growths actually gives investors a better odds than investing for short-term profit.
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JayJuanGee (OP)
Legendary

Activity: 4494
Merit: 14697
Self-Custody is a right. Say no to "non-custodial"
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Today at 05:14:23 PM |
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[edited out]
I completely side agree that discretion should always be first when investing in Bitcoin. People should not spend money that they need to pay rent, buy food, pay bills and other essentials on something they don't need. Bitcoin is not a quick get rich scheme; it's a long-term investment. Fortunately, it's not a big deal to start with a large amount. It's not just about large, lump-sum investments. Even saving small amounts regularly. From your own pocket, can add up over time. A disciplined approach will always be better than an aggressive approach if that means that you are not taking into account your financial obligations.You don't seem to understand the difference between aggressive and overaggressive, @impulse709. Within discretionary income a person can choose his level of aggressiveness or whimpiness. Perhaps spending beyond discretionary funds would be overaggressive, yet the concept of aggressiveness is relative within a person budget, and each person can determine for himself how aggressive he wants to be without overdoing it, and sure, some guys likely believe that they are merely being aggressive, and they end up miscalculating and/or overdoing it. The same can happen on the other side of the spectrum if a person is underaggressive and/or whimpy and then he might not realize his mistake for several years after the fact. In other words, each of us has to figure out how aggressive that we want to be without potentially having regrets at a later date based on our earlier choices. At the same time, we can make adjustments along the way and recognize that we are ready, willing and/or able to be more (or less) aggressive in the process of ongoingly buying bitcoin (whether weekly or otherwise). One of the most effective ways to avoid emotional stress in Bitcoin investing is to only invest what you can afford, or discretionary income. But I do believe that people should not say that holding long-term will lead to profit - as nobody can be certain about the future. History has proven that those who managed to stick with the investment and not panic sell had better results than those who wanted a quick get rich scheme. It's a sensible strategy to start a small DCA scheme and keep educating yourself about Bitcoin. The focus should be on good risk management. Realistic expectations and consistency rather than attempting to anticipate where the price will be years later.
Bitcoin is a volatile asset that no one can predict it future price. We can only speculate based on trends and it can be near accurate or totally wrong some time. Assuring guarantee profit for holding long term is indirectly setting newbies for disappointment in case things go opposite direction. Historically, bitcoin usually reward those who hold through multiple cycles but it comes with sacrifice and patience. Yet, they refuse to sell out of fear and that's how "invest what you can afford to lose" comes in. You won't be able to hold during brutal drawdowns if you invest with money you can not afford to lose, you'll obviously panic and sell at loss. Likely many of us invest into bitcoin based on beliefs that it is likely that we will be better off 4-10 years or longer for having had invested into bitcoin, as compared with if we had not. Of course, there are no guarantees about bitcoin's price direction, and some times even within the path of investing into bitcoin, there could be situations in which the circumstances change and the ways of investing might need to change or even that the investment into bitcoin might need to be abandoned based on changes in personal financial and/or psychological circumstances, including even age and/or health reasons. It seems that if younger folks are coming into bitcoin, then if they are actually considering bitcoin as an investment rather than a trade, then they would likely have a timeline that is 10 years or more, yet we know that some folks are not able to commit for 10 years or more, maybe based on age and/or health reasons or even based on lack of conviction that they may or may not be able to resolve, even with further study and investigation into bitcoin and attempting to solidify their cashflow management systems/practices.
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1) Self-Custody is a right. Resist being labelled as: "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Merit.s
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Today at 05:18:09 PM |
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You are right, aggressive buying is just like an act or the action someone especially an investor put towards the market to ascertain or take advantage over the market condition in a given period of time, because it is not all the time an investor can be aggressive, they are only aggressive when the market present a good opportunity for them and note, an investor will or should only be aggressive if they have kept funds to use in other words, it means if they have save money from the discretionary for that kind of opportunity.
You don't buy aggressively because you want to take advantage of the market in a given period of time instead, you are to buy aggressively because you can afford to buy aggressively based on your own financial circumstances playing around you at that moment. This is why I prefer to buy aggressively with DCA whenever I can that waiting for a specific time because you want to take advantage of the market. What if the dip doesn't come and you have the money to buy aggressively, it means that you will start waiting for the dip that may come or not. Of course, an investor can buy aggressively consistently for two years or more it all depends on his financial situation at that time and also having a good back up funds on ground because it's not advisable to buy aggressively when you're still building your backup funds. You should know that buying aggressively using giving higher amount from your discretionary income to buy bitcoin.
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SmartCharpa
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Today at 06:18:48 PM |
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And that's the more reason why it is best that folks invest using only the money that they know for sure that they can afford to lose..
Even though people invest with the money they can afford to lose, they can still feel bad after the market goes down. Of course, we should not encourage people to invest in Bitcoin for a long term only because profit is guaranteed. Profit is not guaranteed in Bitcoin, despite with the changes of price, real investors have confidence in its future value, that’s why they hold for a long term. You are right, aggressive buying is just like an act or the action someone especially an investor put towards the market to ascertain or take advantage over the market condition in a given period of time, because it is not all the time an investor can be aggressive, they are only aggressive when the market present a good opportunity for them and note, an investor will or should only be aggressive if they have kept funds to use in other words, it means if they have save money from the discretionary for that kind of opportunity.
Being aggressive in the market depends on how comfortable you feel about the market, it does not have to be only when the market is going down. As long as you have more money in hand to be aggressive in the market you are free. For example, if you have more money to invest aggressively while the market is going up, are you going to keep waiting for the market to fall before buying aggressive? That’s not a wise decision because you as an investor might end up missing even more buying opportunities.
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icebar
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Today at 06:46:15 PM |
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If s person decides not to invest with their discretionary income, using the DCA won't do them any good, the first thing about bitcoin investment is that it should be done with our discretionary income, the strategy comes after that, once thst first rule isn't obeyed then pushing forward with claiming that the DCA will work is wrong, if an investor isn't investing with their discretionary income then whatever strategy they are using no longer matters, it will crumble.
With discretionary income, We can purchase Bitcoin using various Strategies that are convenient for us, such as dca, Lump sum, or aggressive Buying. Therefore, Investors must know how much funds to allocate to buying Bitcoin, Whether it's 5% or 10%, as long as it doesn't interfere with their daily living expenses. Aggressive buying is not an investment method. For example, aggressive investing is done when a person thinks that the market price is very low now or is currently much lower than it was at other times, so we do not consider it as an investment method. However, usually aggressive buying is done along with other buying methods, such as during the DCA method, when there is a big decline in the market, everyone buys aggressively because at that time when the investor buys more, he will be able to profit much more later.
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