JJG’s Outline of Bitcoin Investment Ideas

[IceLincoln]

Anyone that doesn’t believe or have not guaranteed that the Bitcoin will become great assets in future, which means the person doesn’t have believe on his self. Because with the level that Bitcoin has reach now none will have doubts that Bitcoin will fail to be among of the successful coins in future markets.

Everyone who invests in bitcoin to an extent believes that the price of bitcoin will rise in the future but it is not an absolute certainty. Don’t address it as such, there’s still a probability that it might not even if the higher probability tilts towards doing better in the future.
We’re all being hopeful but it’s not written in stones what will happen in the future. So the advice to use discretionary funds to invest is very important to every investor.

[Grease5000]

The amount of investment does not determine whether a person will panic or not. Panic depends on whether a person is investing the necessary amount of money or not and whether he has been able to build trust in Bitcoin or not. Because when a person invests the necessary amount, he will definitely panic during the fall, but if he does not invest the necessary amount and invests according to his ability to lose, he will not panic during the fall and will be able to hold on to his holdings.

Trust is very important, if we look at ourselves, we will understand. We do not keep our belongings with those people in whom we do not have any trust, in the same way if we do not have trust in Bitcoin, we will never be able to control ourselves during the fall.

I think I think you are  confused about the whole thing. An investor is more likely to panic if he invest using money meant for essential needs.   If you invest using only discretionary income you won't feel the same pressure or panic during price drop because you invest with the money you won't need for any basic need and can keep invested  for a very long time


The amount invested is not the main issue, the source and purpose of the money matter more. Even a small investment can cause panic if  the money use is needed for rent, food, bills, or emergencies. But money that is genuinely available for long term investment gives the investor more room to not panic during price dip.

[Tmoonz]

Anyone that doesn’t believe or have not guaranteed that the Bitcoin will become great assets in future, which means the person doesn’t have believe on his self. Because with the level that Bitcoin has reach now none will have doubts that Bitcoin will fail to be among of the successful coins in future markets.

Nothing is actually guaranteed even though we believe in the possibility of things happening more positively, Bitcoin investment is not risk free investment and while we should not get carried away to invest beyond the limits of our financial strength even with the level Bitcoin has reached now, no doubt that it is a great asset already but you don't have to take it that those who doesn't believe in it or having doubts about it are less of themselves, everything is still by choice. With the level of Bitcoin now most people still have their doubts, but it is ok as Bitcoin is only for those who believes it and while believing it we should also know that nothing is 100 percent guarantee.

[Brizi5000]

Anyone that doesn’t believe or have not guaranteed that the Bitcoin will become great assets in future, which means the person doesn’t have believe on his self. Because with the level that Bitcoin has reach now none will have doubts that Bitcoin will fail to be among of the successful coins in future markets.

However, this is currently rare, as you say. I think everyone who has invested in Bitcoin, in every city, is certain and confident that Bitcoin is one of the most valuable assets for the future. Anyone who invests now will certainly have the same amount of assets in the next few years as we do now.

So, I don't disagree with what you say, but it's just like today, no one distrusts the activities of individuals who are currently busy making purchases using the DCA strategy with the goal of continuously increasing their assets for the future.

Saying that anyone who invests now will certainly have the same amount of assets in the next few years could be misleading, bitcoin is really unpredictable due to its high volatility and at such profit is not guaranteed because the price moves up and down and you don’t know what the price will be in the future. However, bitcoin have the potential of generating profit but let’s also not forget that it has a potential of making you lose your entire investment within a minute during a massive crash in the market.

[JayJuanGee]

One of the reasons that I frequently suggest that guys invest as aggressively as they can into bitcoin without overdoing it is because there tends to be some value in investing aggressively, yet at the same time, guys have to be careful to be investing within their means and not overdoing it.. since there are so many guys who have screwed up their bitcoin investment because they got to greedy in the ways that they were accumulating bitcoin and they were failing/refusing to account for their own cashflow limitations and to make sure that they were simultaneously maintaining back up funds that would be able to absorb some of the (potentially inevitable) fluctuations in their income going down and/or their basic expenses going up.

Sured. That's why it's good to think of the comfortable bitcoin investment strategy than choosing a strategy that will be making you forcing yourself on worrying about your finances or bills to pay. Purchasing too much bitcoin is never a bad ideas, but where many people make mistakes is, purchasing more than thier financial comfortability,and that's why it's advisable to have an emergency funds aside your investment, in order to prevent yourself from being forced to sell when the market turns against or for bills settlement. The best is as you are buying your bitcoin position, you can along the line straightening the funds kept aside fir emergency purposes, in order to give yourself peace of mind. Many folks do put themselves into higher risks by investing aggressively due to greediness. There are still other strategies that bring progress in bitcoin investment, chose the best that fit your discretionary income availability and invest gradually for long-term goals than being greedy.

You seem to be mixing up aggressive investing and overaggressive investing.

Aggressive investing is a matter of choice and it remains within the parameters of a person's budget.

Overaggressive investing is when a guy goes too far.

Sure, there may be cases when guys are investing into bitcoin aggressively and ongoingly investing into bitcoin aggressively, and then later down the road, they realize that they had overdone it and they had really been investing over aggressively rather than aggressively.

Nonetheless, aggressive and overaggressive are not the same, and guys can surely invest as aggressively as they can without overdoing it, yet at the same time, they have to be able to figure out and measure when their actions might be bordering upon overaggressive rather than mere aggressiveness.

Hopefully guys can figure out that the difference between whimpy and aggressive and various states in between are matters of choice, and the mere fact that some guys choose to invest aggressively does not mean that they are overdoing it, yet still each guy is responsible to figure out his own boundaries, since it seems to be a good thing, especially for guys who are in their early stages of bitcoin accumulation to figure out ways that they are able to invest into bitcoin as aggressively as they can without overdoing it, and not to presume that aggressiveness is the same as overaggressiveness, since they are not the same... but each guys still has to figure out the boundaries and also each guy has to choose how aggressive or whimpy (or whatever stage in between) that he wants to be in his ongoing and persistent accumulation of bitcoin.

Many things do not stay the same over 10 years, and even our own priorities might change

This are important part that people do easily over look, DCA should not necessarily mean having to commit yourself to an exact same amount forever. More discretionary income to allocate will come is someone’s income increases. While most a times when there is change in expenses or responsibility may require to reduce it.

That why having a long term Bitcoin plan is very useful but for you to be able to adjust your own plan when financial situation changes can help you to remain consistent without putting unnecessary pressure on yourself.

The purpose of accumulating Bitcoin through DCA is to reduce the risk of investment. Some new investors are confused about whether they are right to invest. They are afraid of taking risks but this method can be considered the best for them. The importance is given to using discretionary income so that they do not face problems in meeting daily expenses. As your income increases, the amount of discretionary income increases and you can increase the amount of Bitcoin holding as well.

A new investor can build up a large Bitcoin holding by maintaining the same position (continuous buying) regardless of the price decrease or increase. One of the many benefits of doing DCA for the long term is to regularly accumulate Bitcoin and adopt a strategy of buying more when price drops as investment experience and cash flow increase.

Sure guys can do what they like, and when they start to get more comfortable ongoingly buying bitcoin, then they might also hold some cash on the side so that they can buy on the dips... yet we know that dips might not come and there is no real need for beginners or even intermediate bitcoin buyers to change the amount of bitcoin that they are buying based on if the price dips or if the price goes up.

If a person has a budget that starts out at $100 per week that he has to split between investment, back up funds and discretionary consumption, he might feel that it is taking him a while to really build up his bitcoin investment and also his back up funds, yet maybe after plenty of time figuring out ways to increase his income and to decrease some of his basic expenses, then maybe after a few month, he might have $300 per week that he is able to split between investing, back up funds and discretionary consumption.

Of course there are guys who might not depend on their salary completely, and they might have other investments and/or maybe they receive bonuses in their pay (income) from time to time, and so maybe in those cases of having extra funds it might make sense to divide between DCA, lump sum and buying on dips.

I think that my main point is to suggest that the idea of buying on dips and/or supplementing DCA with buying on dips might not necessarily be a good idea for all people, especially guys who have relatively low discretionary income and maybe guys who are investing 10% or even less of their income into bitcoin, and for those guys it may well be better to just ongoingly buy bitcoin through DCA rather than fucking around with dips that may or may not end up happening.  Of course, even a guy who is regularly buying bitcoin, let's say $100 per week, he is going to end up buying more bitcoin during the dips and less when the BTC price goes higher merely based on how many bitcoin (or satoshis) that he is getting for his dollars (fiat).

[PERtua]

Anyone that doesn’t believe or have not guaranteed that the Bitcoin will become great assets in future, which means the person doesn’t have believe on his self. Because with the level that Bitcoin has reach now none will have doubts that Bitcoin will fail to be among of the successful coins in future markets.

Nothing is actually guaranteed even though we believe in the possibility of things happening more positively, Bitcoin investment is not risk free investment and while we should not get carried away to invest beyond the limits of our financial strength even with the level Bitcoin has reached now, no doubt that it is a great asset already but you don't have to take it that those who doesn't believe in it or having doubts about it are less of themselves, everything is still by choice. With the level of Bitcoin now most people still have their doubts, but it is ok as Bitcoin is only for those who believes it and while believing it we should also know that nothing is 100 percent guarantee.

I believe there's a distinction between having faith in Bitcoin and investing in Bitcoin. You may have the conviction that Bitcoin will have a long run future, but choose to only put in a small fraction of your money. A clear risk limit can even help you to keep your position during conditions of large corrections since you're no longer pushed out of your position by financial pressure. Bitcoin's historical performance can be used as a guideline but shouldn't be used as a predictor for future returns. Faith should, therefore, be backed up by good risk management, rather than blind faith.

[laijsica]

Anyone that doesn’t believe or have not guaranteed that the Bitcoin will become great assets in future, which means the person doesn’t have believe on his self. Because with the level that Bitcoin has reach now none will have doubts that Bitcoin will fail to be among of the successful coins in future markets.

Everyone who invests in bitcoin to an extent believes that the price of bitcoin will rise in the future but it is not an absolute certainty. Don’t address it as such, there’s still a probability that it might not even if the higher probability tilts towards doing better in the future.
We’re all being hopeful but it’s not written in stones what will happen in the future. So the advice to use discretionary funds to invest is very important to every investor.

Keep the high potential from Bitcoin but in a dormant state. Not in the possibility of getting immediate profit. What will happen to the price of Bitcoin in the future can be largely estimated by looking at the past price. Although we are not sure, it would be wise for us to do DCA through discretionary income. It will not really affect the credibility much. You have to accept the reality. The price of Bitcoin will not always trend high. Sometimes it may dip and cause fear for you but in reality the price of Bitcoin will touch ATH again and break all previous records.

[Barikui1]

Keep the high potential from Bitcoin but in a dormant state. Not in the possibility of getting immediate profit. What will happen to the price of Bitcoin in the future can be largely estimated by looking at the past price. Although we are not sure, it would be wise for us to do DCA through discretionary income. It will not really affect the credibility much. You have to accept the reality. The price of Bitcoin will not always trend high. Sometimes it may dip and cause fear for you but in reality the price of Bitcoin will touch ATH again and break all previous records.

If a dip in the market is still making you to fear or panic when you already knows that volatility is part of the characteristics of Bitcoin, then it's very clear that such investor is not doing things right. And if you look closely, you will discover that he is investing away from his discretionary income or more than he can afford, because once you invest only what you can afford to do away with for a very long period of time, you are likely not going to panic, because you knows that even though the worst thing happens to your bitcoin investment, you will still be fine financially and emotionally.

So in essence of what am trying to say is that, it's only an investor that is not doing the right thing by investing only what he can afford that are panicking during the dip or during market volatility because it's a money they cannot afford to lose.

[BluebloodCXVI]

I don’t think that Bitcoin needs to pay any interests in order for a person to potentially achieve a compounding effect over a long period of time.

If it happens that the asset keeps appreciating and the investor continues to accumulate, the gains that was on the earlier accumulation will become part of larger base that can appreciate further; I wouldn’t say that is compound interest in a technical sense, but the end result can still be powerful.

So, what I need to ask is, has Bitcoin ever, as you say, paid interest to those who compound their holdings over a long period of time?

If you've ever experienced something like what you've described, perhaps many of us continue to make purchases with the goal of forcing ourselves to multiply the value we'll receive upon completion, especially if the purpose of the purchase is solely for long-term investment.
And I don't think Bitcoin rewards those who make frequent purchases. Even if it did, I'd understand that the decision they made would certainly multiply the profits they'd receive once the investment period is reached.

What are you talking about ?
I don’t see anywhere in my previous post where i said that bitcoin has paid interest to anybody, neither did i make any such claim that frequent purchases are somehow rewarded by bitcoin, perhaps your misread my write up.

The point i was explicitly making in my previous post is about the effect of reinvesting/accumulating bitcoin into an appreciating asset, it was not about bitcoin paying any yield.

Let me use an example to illustrate:
If a guy accumulates 0.5 btc and this btc happens to appreciate significantly over a period of time, the value that they gained on that initial 0.5 BTC is going to become a part of the larger value of their holdings.
And if they continue accumulating, they are also gonna be increasing the amount of capital that is exposed to future appreciation and that can create a compounding like effect on their wealth, even though there is clearly no interest being paid.

So yes even if a guy is buying more Bitcoin, it doesn’t automatically earn him an additional reward simply because he bought bitcoin frequently, the benefit actually comes from owning more of the asset and what will eventually happens to its market value over a period of time.

[Obulis]

A thing that is often neglected is the distinction between the regular income and a big lump sum. A person who gets a big payoff should make a different choice when investing in DCA. Whereas a person who invests from each paycheck should stick with it. This may help to alleviate the pressure of selecting one entry point, but it also creates the risk of Bitcoin trading higher as the remaining proceeds are sitting idle. In my opinion, the key is to make a decision before the emotions creep in. How much to put in right now; how much to put in over time; and what would make you alter your strategy. That's why the strategy is less reliant on predicting the forthcoming dip.

When there lump amount or payoff like you said, the drive to apply buy the dip with a lump sum when buying Bitcoin will be high but don't forget, an investor needs patience, consistency and discipline. The best thing can still be DCAing but this time the amount has to be a bit higher to fit the money at hand to make sure there's no time you are under any pressure of any kind. Increase. There will not be double calculation of how much to put in right now and then how much to begin with DCA.

[Different patterns]

Many things do not stay the same over 10 years, and even our own priorities might change

This are important part that people do easily over look, DCA should not necessarily mean having to commit yourself to an exact same amount forever. More discretionary income to allocate will come is someone’s income increases. While most a times when there is change in expenses or responsibility may require to reduce it.

That why having a long term Bitcoin plan is very useful but for you to be able to adjust your own plan when financial situation changes can help you to remain consistent without putting unnecessary pressure on yourself.

The purpose of accumulating Bitcoin through DCA is to reduce the risk of investment. Some new investors are confused about whether they are right to invest. They are afraid of taking risks but this method can be considered the best for them. The importance is given to using discretionary income so that they do not face problems in meeting daily expenses. As your income increases, the amount of discretionary income increases and you can increase the amount of Bitcoin holding as well.

A new investor can build up a large Bitcoin holding by maintaining the same position (continuous buying) regardless of the price decrease or increase. One of the many benefits of doing DCA for the long term is to regularly accumulate Bitcoin and adopt a strategy of buying more when price drops as investment experience and cash flow increase.

Sure guys can do what they like, and when they start to get more comfortable ongoingly buying bitcoin, then they might also hold some cash on the side so that they can buy on the dips... yet we know that dips might not come and there is no real need for beginners or even intermediate bitcoin buyers to change the amount of bitcoin that they are buying based on if the price dips or if the price goes up.

If a person has a budget that starts out at $100 per week that he has to split between investment, back up funds and discretionary consumption, he might feel that it is taking him a while to really build up his bitcoin investment and also his back up funds, yet maybe after plenty of time figuring out ways to increase his income and to decrease some of his basic expenses, then maybe after a few month, he might have $300 per week that he is able to split between investing, back up funds and discretionary consumption.

I completely understand your point, but what I think is important is investor plan, is something that we shouldn’t let the idea of buying dips to overcome the main plan, if investor have start  buying bitcoin regularly, and secure the back funds that will keep the buying moving forward, I think that is the best beginners can learn from. It can also be useful if having some cash for dips, but that should be considered as optional, not the investor main plan.

From the beginning the financial situation, don’t have to big when starting, beginner may think starting with $100 may not take the investment forward, or slow the investment just because you want to build bitcoin position. Trust me, that’s how some experienced investors in bitcoin today started, even beginners can also follow the steps, start gradually, patience and consistency with it.

[Abbatty]

Keep the high potential from Bitcoin but in a dormant state. Not in the possibility of getting immediate profit. What will happen to the price of Bitcoin in the future can be largely estimated by looking at the past price. Although we are not sure, it would be wise for us to do DCA through discretionary income. It will not really affect the credibility much. You have to accept the reality. The price of Bitcoin will not always trend high. Sometimes it may dip and cause fear for you but in reality the price of Bitcoin will touch ATH again and break all previous records.

If a dip in the market is still making you to fear or panic when you already knows that volatility is part of the characteristics of Bitcoin, then it's very clear that such investor is not doing things right. And if you look closely, you will discover that he is investing away from his discretionary income or more than he can afford, because once you invest only what you can afford to do away with for a very long period of time, you are likely not going to panic, because you knows that even though the worst thing happens to your bitcoin investment, you will still be fine financially and emotionally.

So in essence of what am trying to say is that, it's only an investor that is not doing the right thing by investing only what he can afford that are panicking during the dip or during market volatility because it's a money they cannot afford to lose.

In addition to what you said, when an investor is still getting scared of the volatility of Bitcoin then probably he is not using the DCA strategy. When you are using the DCA you don’t even get worried about how fluctuating Bitcoin is moving, your focus remain on accumulating as much as you can with to ur discretionary income.

So these 2 can possibly be the reason why some investors Get scared of the dip. So long you plan to hold for a long period of time and you are investing with your discretionary income, then there is a good possibility that your will make a good return.

[DubemIfedigbo001]

However, this is currently rare, as you say. I think everyone who has invested in Bitcoin, in every city, is certain and confident that Bitcoin is one of the most valuable assets for the future. Anyone who invests now will certainly have the same amount of assets in the next few years as we do now.

So, I don't disagree with what you say, but it's just like today, no one distrusts the activities of individuals who are currently busy making purchases using the DCA strategy with the goal of continuously increasing their assets for the future.

Saying that anyone who invests now will certainly have the same amount of assets in the next few years could be misleading, bitcoin is really unpredictable due to its high volatility and at such profit is not guaranteed because the price moves up and down and you don’t know what the price will be in the future. However, bitcoin have the potential of generating profit but let’s also not forget that it has a potential of making you lose your entire investment within a minute during a massive crash in the market.

Everybody cannot have the same quantity of bitcoin in a definite timeframe since the quantity of discretionary income, consistency and buying amounts isn't the same with every investor, this is neither about volatility nor price movement. If an investor has a larger discretionary income, hence more purchasing power and is consistent, then he is definitely going to end up with more quantity of bitcoin over a period of time when compared with the person that has smaller buying capacity.

However, this should not discourage those who have lesser buying amount since bitcoin accumulation is for everyone who has discretionary income. Your bitcoin accumulation journey should be tailored to your own finances and there is no competition there, it is a personal investment journey and your DCA should be configured to suit your financial ability.

[ASloveapg]

Anyone that doesn’t believe or have not guaranteed that the Bitcoin will become great assets in future, which means the person doesn’t have believe on his self. Because with the level that Bitcoin has reach now none will have doubts that Bitcoin will fail to be among of the successful coins in future markets.

Everyone who invests in bitcoin to an extent believes that the price of bitcoin will rise in the future but it is not an absolute certainty. Don’t address it as such, there’s still a probability that it might not even if the higher probability tilts towards doing better in the future.
We’re all being hopeful but it’s not written in stones what will happen in the future. So the advice to use discretionary funds to invest is very important to every investor.

Keep the high potential from Bitcoin but in a dormant state. Not in the possibility of getting immediate profit. What will happen to the price of Bitcoin in the future can be largely estimated by looking at the past price. Although we are not sure, it would be wise for us to do DCA through discretionary income. It will not really affect the credibility much. You have to accept the reality. The price of Bitcoin will not always trend high. Sometimes it may dip and cause fear for you but in reality the price of Bitcoin will touch ATH again and break all previous records.

And the main belief should be on this possibility, Bitcoin will create a bigger ATH, but we have no guarantee, but we have to hold Bitcoin continuously by keeping faith on its possibility. We have to accept volatility, if it is taken negatively, then it will cause unnecessary losses, but if we continue holding by ignoring the effect of volatility by taking it correctly, then its volatility will pass and after that you will start achieving its success. But to survive till then, you must remain stable by believing in Bitcoin. Many people enter Bitcoin with the dream of getting rich quick, but this kind of mentality is very risky, since Bitcoin will not behave according to your expectations, so you will never achieve the short-term success expected from Bitcoin, rather it can cause more losses, therefore, see Bitcoin as a means of long-term savings and hold it consistently for the long term, only then will the risk be minimal.

[Comeacross]

Anyone that doesn’t believe or have not guaranteed that the Bitcoin will become great assets in future, which means the person doesn’t have believe on his self. Because with the level that Bitcoin has reach now none will have doubts that Bitcoin will fail to be among of the successful coins in future markets.

I hope you're not encouraging people to believe blindly? Whether you believe in bitcoin or not, it won't change anything because bitcoin is not emotionally driven but fundamentals.

Doubting is part of risk management and I won't blame people for doubting. It only becomes problem if it stops you from getting started. From how far we've come, Bitcoin can't just disappear like that but that doesn't mean we should be blind to see the other side of it. Why do you think people are always advised to invest what they can afford to lose? That's because no one can tell how great it would be in the future because it depends on many things to become great and that includes our own roles too as a community.

[Dxdiax26]

~snip~

However, this is currently rare, as you say. I think everyone who has invested in Bitcoin, in every city, is certain and confident that Bitcoin is one of the most valuable assets for the future. Anyone who invests now will certainly have the same amount of assets in the next few years as we do now.

So, I don't disagree with what you say, but it's just like today, no one distrusts the activities of individuals who are currently busy making purchases using the DCA strategy with the goal of continuously increasing their assets for the future.

Saying that anyone who invests now will certainly have the same amount of assets in the next few years could be misleading, bitcoin is really unpredictable due to its high volatility and at such profit is not guaranteed because the price moves up and down and you don’t know what the price will be in the future. However, bitcoin have the potential of generating profit but let’s also not forget that it has a potential of making you lose your entire investment within a minute during a massive crash in the market.

Of course, as you said investing can still go against our wishes. It's still a mix of pros and cons. This is a valuable experience and lesson for our Bitcoin investment journey. We need to be better prepared, both financially and mentally to face the challenges of investing in Bitcoin.

Especially in recent months, when the market has been on the rise meaning the price has fallen from $60,000 to a lower figure. Whether we make a profit depends on the market's current situation. Whether it's declining or rising determines whether we can achieve our goals or not.

[Moreno233]

I believe there's a distinction between having faith in Bitcoin and investing in Bitcoin. You may have the conviction that Bitcoin will have a long run future, but choose to only put in a small fraction of your money. A clear risk limit can even help you to keep your position during conditions of large corrections since you're no longer pushed out of your position by financial pressure. Bitcoin's historical performance can be used as a guideline but shouldn't be used as a predictor for future returns. Faith should, therefore, be backed up by good risk management, rather than blind faith.

Having faith in something does not mean you should not act with decorum, it simple means you consider that thing worthy of your trust to be able to put resources into it. To invest in Bitcoin, you have to have faith in it but that does replace common sense which is needed to know that one cannot invest money for his basic needs into Bitcoin. The need to invest in Bitcoin with only discretionary income is not only in compliance with having faith in Bitcoin but also to make the best of the opportunity of investing in Bitcoin which is holding for long and never destroying the Bitcoin asset over little issues.

[Princess Leah]

I believe there's a distinction between having faith in Bitcoin and investing in Bitcoin. You may have the conviction that Bitcoin will have a long run future, but choose to only put in a small fraction of your money. A clear risk limit can even help you to keep your position during conditions of large corrections since you're no longer pushed out of your position by financial pressure. Bitcoin's historical performance can be used as a guideline but shouldn't be used as a predictor for future returns. Faith should, therefore, be backed up by good risk management, rather than blind faith.

Having faith in something does not mean you should not act with decorum, it simple means you consider that thing worthy of your trust to be able to put resources into it. To invest in Bitcoin, you have to have faith in it but that does replace common sense which is needed to know that one cannot invest money for his basic needs into Bitcoin. The need to invest in Bitcoin with only discretionary income is not only in compliance with having faith in Bitcoin but also to make the best of the opportunity of investing in Bitcoin which is holding for long and never destroying the Bitcoin asset over little issues.

It's true, having conviction doesn't mean that people shouldn't manage their cashflow, image earning $1k then using about 80% of it for investment believing that Bitcoin would continue to be futuristic and forget that there are important expenses that the remaining 20% of my income can't solve.

 Having conviction is important, cause it's motivates one to keep investing but the investment should be according to the investors income and what's left after settling essentials, doing that won't lead to future complications in the investment but whereby someone invest outside their discretionary funds cause the person got conviction then it would definitely affect the investment.

[liasbaa]

Keep the high potential from Bitcoin but in a dormant state. Not in the possibility of getting immediate profit. What will happen to the price of Bitcoin in the future can be largely estimated by looking at the past price. Although we are not sure, it would be wise for us to do DCA through discretionary income. It will not really affect the credibility much. You have to accept the reality. The price of Bitcoin will not always trend high. Sometimes it may dip and cause fear for you but in reality the price of Bitcoin will touch ATH again and break all previous records.

If a dip in the market is still making you to fear or panic when you already knows that volatility is part of the characteristics of Bitcoin, then it's very clear that such investor is not doing things right. And if you look closely, you will discover that he is investing away from his discretionary income or more than he can afford, because once you invest only what you can afford to do away with for a very long period of time, you are likely not going to panic, because you knows that even though the worst thing happens to your bitcoin investment, you will still be fine financially and emotionally.

So in essence of what am trying to say is that, it's only an investor that is not doing the right thing by investing only what he can afford that are panicking during the dip or during market volatility because it's a money they cannot afford to lose.

In addition to what you said, when an investor is still getting scared of the volatility of Bitcoin then probably he is not using the DCA strategy. When you are using the DCA you don’t even get worried about how fluctuating Bitcoin is moving, your focus remain on accumulating as much as you can with to ur discretionary income.

So these 2 can possibly be the reason why some investors Get scared of the dip. So long you plan to hold for a long period of time and you are investing with your discretionary income, then there is a good possibility that your will make a good return.

You are right. An investor will not feel pressured to sell Bitcoin when its price falls or fear losing capital because he is involved in a long term plan. This means that the investor is regularly accumulating Bitcoin in the DCA method. The investor will also expect a long-term decline. During a price decline, it is the right time to build up a large Bitcoin holding with a small amount of funds. The longer the DIP period during the DCA, the more advantageous it will be to reach the higher the possibility of high returns when the price rises in the future.

Basically, traders are afraid when the price falls because they are gambling with their available funds. It is not possible to predict the market, but they take risks. If the price rises they will profit if the price falls, they will suffer losses.

[Soldroplet]

[Edited Out]

Everyone who invests in bitcoin to an extent believes that the price of bitcoin will rise in the future but it is not an absolute certainty. Don’t address it as such, there’s still a probability that it might not even if the higher probability tilts towards doing better in the future.
We’re all being hopeful but it’s not written in stones what will happen in the future. So the advice to use discretionary funds to invest is very important to every investor.

There is a big difference between believing that Bitcoin’s price will increase in the future and assuming it is a sure thing. We can be optimistic about Bitcoin in the long run, but the future is never certain. So I think that instead of looking at potential gains, we need to give equal importance to our current financial situation. You should use discretionary income to buy Bitcoin, which is outside of your necessary expenses and responsibilities and will not be needed in an emergency. A realistic way to save Bitcoin regularly from that money according to your cash flow using the DCA method can be a practical way. In addition, having a backup or emergency fund can greatly reduce the pressure to suddenly sell your accumulated Bitcoin even if the market volatility occurs.
The key is to save small amounts of Bitcoin regularly according to your cash flow instead of guessing the future price.  Bitcoin accumulation is not just about what the price will be in the future; rather, it is also deeply related to cash flow, discretionary income, financial backup, and long-term discipline.