JJG’s Outline of Bitcoin Investment Ideas

[Gaza13]

What are you talking about, it's a good reason if a newbie can buy Bitcoin when it's low, there is nothing wrong with understanding this very early, it makes no sense to buy Bitcoin all for the sake of you need to buy it and hold.

Newbies need to understand that buying Bitcoin in some period of time is better than blindly buying, if a newbie has bought Bitcoin at 80k when it topped at 126k thinking it's th best time to buy they would lose their cool and patience seeing BTC at 58k.

They are new so they will react to this price action, so it's the right thing to guide them right about the bull market and the bear market,  after a new all time high bitcoin will go down, what goes up must come down, DCA is sweeter on the lows than DCA on every move.

I think you are confuse about the whole idea of bitcoin accumulation and and what DCA really is. Those buy bitcoin only during price  dip  and sale when price pump are more of traders than investors.

An investor who have  discretionary income  and want to buy bitcoin using the DCA strategy should know that the DCA gives investors the opportunity to buy bitcoin little by little continuously and can buy more bitcoin using same amount while using the DCA strategy. Though it is normal to react to price drop but only those who don't use discretionary income to invest react badly to price.

I think you have misinterpreted this the post right above yours explained it correctly. In this regard, beginners specifically should receive guidance and mentoring covering all aspects ranging from the knowledge itself to the management of the discretionary income they intend to invest. Once they grasp the lessons or guidance provided, the logical next step is to actually purchase Bitcoin even if the price is surging so they can experience price volatility firsthand. This allows them to see that the teachings hold true in reality, thereby helping to build the mindset they will need for the future.

[Abbatty]

. I do not know the kind of reaction you said it is normal when price drop but an investor who knows what he is doing won't react to market unless the market dip 80-90 percent which is not possible.

Even though the market drop by 80-90% as you said here, those that truly believes in Bitcoin and are only looking at the bigger picture, like how Bitcoin will rise up to in the future will not sell in panic, because they knows that it is only but a short term volatility that wouldn't last long, and in due time, the value of Bitcoin will recover as it has already done.

Once you buy with the intention of reselling it once it appreciate in value, just know that you are not an investor, but rather a trader that is after short term profit, because a long term investor will not even entertain the idea of selling his holdings for minimal gains, just because Bitcoin appreciated in value that moment.

I think anyone who have been in this thread for a long period of time would not be bringing up conversations about panic sell when there is a Dip. History have shown severally that so long you can hold for a long period of time, there is a possibility that you will get a good return, it not a guarantee though but a possibility.

We have seen it said severally also on this thread that investing in bitcoin isn’t about the returns but having a planed future. Bitcoin is something we have should have in a he future, and if you can start investing as soon as you have your discretionary income the better.

Do yes, bitcoin is volatile and can be very unpredictable but real investors knows that not the time to panic but use that as an opportunity to accumulate as much as possible.

[Taskford]

Even though the market drop by 80-90% as you said here, those that truly believes in Bitcoin and are only looking at the bigger picture, like how Bitcoin will rise up to in the future will not sell in panic, because they knows that it is only but a short term volatility that wouldn't last long, and in due time, the value of Bitcoin will recover as it has already done.

Once you buy with the intention of reselling it once it appreciate in value, just know that you are not an investor, but rather a trader that is after short term profit, because a long term investor will not even entertain the idea of selling his holdings for minimal gains, just because Bitcoin appreciated in value that moment.

I think anyone who have been in this thread for a long period of time would not be bringing up conversations about panic sell when there is a Dip. History have shown severally that so long you can hold for a long period of time, there is a possibility that you will get a good return, it not a guarantee though but a possibility.

We have seen it said severally also on this thread that investing in bitcoin isn’t about the returns but having a planed future. Bitcoin is something we have should have in a he future, and if you can start investing as soon as you have your discretionary income the better.

Do yes, bitcoin is volatile and can be very unpredictable but real investors knows that not the time to panic but use that as an opportunity to accumulate as much as possible.

If they talk about trading for sure that they can always bring that up into discussion. But they really need to avoid that, since getting panic does not help them.

Volatility is so normal with Bitcoin. Those people can stay and could just think about that its normal thing on Bitcoin will always benefit on this. Compare to those people always have a fear with each decline happened.

Base on history doing long term holding gives positive outcomes to the investors, but also its good to pay attention with their strategy and mindset. Since this could help them a lot to succeed here.

[Cgrexp]

Even though the market drop by 80-90% as you said here, those that truly believes in Bitcoin and are only looking at the bigger picture, like how Bitcoin will rise up to in the future will not sell in panic, because they knows that it is only but a short term volatility that wouldn't last long, and in due time, the value of Bitcoin will recover as it has already done.

Once you buy with the intention of reselling it once it appreciate in value, just know that you are not an investor, but rather a trader that is after short term profit, because a long term investor will not even entertain the idea of selling his holdings for minimal gains, just because Bitcoin appreciated in value that moment.

I think anyone who have been in this thread for a long period of time would not be bringing up conversations about panic sell when there is a Dip. History have shown severally that so long you can hold for a long period of time, there is a possibility that you will get a good return, it not a guarantee though but a possibility.

We have seen it said severally also on this thread that investing in bitcoin isn’t about the returns but having a planed future. Bitcoin is something we have should have in a he future, and if you can start investing as soon as you have your discretionary income the better.

Do yes, bitcoin is volatile and can be very unpredictable but real investors knows that not the time to panic but use that as an opportunity to accumulate as much as possible.

If they talk about trading for sure that they can always bring that up into discussion. But they really need to avoid that, since getting panic does not help them.

Volatility is so normal with Bitcoin. Those people can stay and could just think about that its normal thing on Bitcoin will always benefit on this. Compare to those people always have a fear with each decline happened.

Base on history doing long term holding gives positive outcomes to the investors, but also its good to pay attention with their strategy and mindset. Since this could help them a lot to succeed here.

Bitcoin prices will fluctuate greatly. This is normal. Panicking and changing plans after seeing a temporary drop in price can be a problem in long-term investments. In long-term investments, it is important to use money that will not be needed in the short term. The right mindset means not only not being afraid of a price drop, but also understanding that a major drop can occur and planning according to your ability. Both selling in panic at every drop or buying excessively out of FOMO at every rise can become emotional decisions. Volatility is a real feature of Bitcoin, but even if you are not afraid of it, its risks should not be neglected.

[samadam007]

beginners specifically should receive guidance and mentoring covering all aspects ranging from the knowledge itself to the management of the discretionary income they intend to invest. Once they grasp the lessons or guidance provided, the logical next step is to actually purchase Bitcoin even if the price is surging so they can experience price volatility firsthand. This allows them to see that the teachings hold true in reality, thereby helping to build the mindset they will need for the future.

All these you mentioned can become overwhelming for the person and may even make him feel like he needs to become an expert in every aspect of Bitcoin before starting.

What a beginner only needs to do is look at his discretionary income if he has a reasonable amount left, and decide a percentage to buy bitcoin, another portion to build back up funds and lastly for discretionary consumption. This is a simple and practical start he needs not what you’re saying. It shouldn’t be that complicated. They can then start buying Bitcoin with the amount have chosen and continue learning and gathering experience as they go.

[Different patterns]

Even for newbies, there seems to be no reason to wait for a dip, cheer for a dip or even welcome a dip, but instead do not let the dip bother you since when there is a dip, and if you are ongoingly buying bitcoin, then during such dips, if they arrive, you are getting more bitcoin for the same amount of dollars.

Spot on sir, I'm glad to see that you did justice to this, so that both newbies and other investors that might be confused about this subject, will understand that waiting for the dip is of no use, I don't know how it will sound that a newbie that is ready both mentally and financially will decide to wait for the dip, without considering the delay and discourage that might arise while waiting, what happens to acumulating with our discreationary steadily with the DCA method which will also cover both the dip or anytime, I think if a newbie wants to buy during the dip, waiting for the dip is the best way to go about it, rather he can start acumulating Bitcoin gradually and consistency, then buy agressively at any slightest dip, I do not buy the idea of doing nothing by deceiving oneself that they want to buy the dip.

If a guy already has a relatively aggressive bitcoin buying routine of buying bitcoin every week, then I don't know why he would have any extra money for buying the dip, since if he has extra money to buy the dip, then he probably was not buying as aggressively as he had though that he was in his regular weekly bitcoin buys.

This is reason why having a clear plan is so important, because someone can have a plan of buying bitcoin weekly, but still keep some cash aside purposely for the dip, I think if someone have decided to buy weekly then that should present a serious part of what they are putting into bitcoin investment, if not, they may b holding more than they think, just because of waiting for dip.and the problem with people who always want dip to happen is that, when it happens there’s still another excuse that would make them to wait for another lower price.
But the advantage of consistency is that you don’t need to wait for bitcoin price becomes cheap before start, what matter is to keep adding to your already existing bitcoin, that’s just different.

[Lembo69]

This is reason why having a clear plan is so important, because someone can have a plan of buying bitcoin weekly, but still keep some cash aside purposely for the dip, I think if someone have decided to buy weekly then that should present a serious part of what they are putting into bitcoin investment, if not, they may b holding more than they think, just because of waiting for dip.and the problem with people who always want dip to happen is that, when it happens there’s still another excuse that would make them to wait for another lower price.
But the advantage of consistency is that you don’t need to wait for bitcoin price becomes cheap before start, what matter is to keep adding to your already existing bitcoin, that’s just different.

Many people believe that making small investments in Bitcoin does not constitute "real" investing; they prefer to buy in large volumes. However, I do not consider this a practical approach, as Bitcoin investment requires consistent, regular purchasing—regardless of whether the scale is small or large. An investor's primary focus should be on maintaining a regular investment routine. While an investor *can* choose to buy a massive amount at once, doing so is akin to using a helicopter to reach the roof of a building.

In contrast, if that same person were to walk up the stairs to reach their destination, they could observe every floor along the way while also getting some physical exercise. The key takeaway is that you do not need a vast amount of money to invest; start small and stay informed about market conditions. Your investment will naturally grow from a small scale to a larger one over time.

[Hardyrobust]

Even for newbies, there seems to be no reason to wait for a dip, cheer for a dip or even welcome a dip, but instead do not let the dip bother you since when there is a dip, and if you are ongoingly buying bitcoin, then during such dips, if they arrive, you are getting more bitcoin for the same amount of dollars.

Spot on sir, I'm glad to see that you did justice to this, so that both newbies and other investors that might be confused about this subject, will understand that waiting for the dip is of no use, I don't know how it will sound that a newbie that is ready both mentally and financially will decide to wait for the dip, without considering the delay and discourage that might arise while waiting, what happens to acumulating with our discreationary steadily with the DCA method which will also cover both the dip or anytime, I think if a newbie wants to buy during the dip, waiting for the dip is the best way to go about it, rather he can start acumulating Bitcoin gradually and consistency, then buy agressively at any slightest dip, I do not buy the idea of doing nothing by deceiving oneself that they want to buy the dip.

If a guy already has a relatively aggressive bitcoin buying routine of buying bitcoin every week, then I don't know why he would have any extra money for buying the dip, since if he has extra money to buy the dip, then he probably was not buying as aggressively as he had though that he was in his regular weekly bitcoin buys.

This is reason why having a clear plan is so important, because someone can have a plan of buying bitcoin weekly, but still keep some cash aside purposely for the dip, I think if someone have decided to buy weekly then that should present a serious part of what they are putting into bitcoin investment, if not, they may b holding more than they think, just because of waiting for dip.and the problem with people who always want dip to happen is that, when it happens there’s still another excuse that would make them to wait for another lower price.
But the advantage of consistency is that you don’t need to wait for bitcoin price becomes cheap before start, what matter is to keep adding to your already existing bitcoin, that’s just different.

it is definitely a good idea for someone that is investing in bitcoin to have a plan as per the strategy they will be using in accumulating bitcoin. Setting aside some funds for buying the dip , should be done after the main strategy may have been deployed this way the issue of holding more funds for buying the dip maybe avoided. For someone using DCA strategy, before buying they should first meet there basic needs and decide how much of their discretionary funds they are to use for dcaing and what percentage they plan to set aside for buying the dip.

[Tongley]

beginners specifically should receive guidance and mentoring covering all aspects ranging from the knowledge itself to the management of the discretionary income they intend to invest. Once they grasp the lessons or guidance provided, the logical next step is to actually purchase Bitcoin even if the price is surging so they can experience price volatility firsthand. This allows them to see that the teachings hold true in reality, thereby helping to build the mindset they will need for the future.

If a person is aware of the basic knowledge of Bitcoin, then he can definitely start investing. Common sense does not say that a person needs to know much about it to start investing except for a source of discretionary income. If a person has a source of discretionary income, then he can start investing and start investing and gain knowledge and move forward with other things in parallel. When a person waits to start investing for gaining knowledge and other things, then he will definitely fall behind and miss out on many buying opportunities, so it is best to start investing with common sense and after starting investing, gain knowledge and move forward with everything else.

All these you mentioned can become overwhelming for the person and may even make him feel like he needs to become an expert in every aspect of Bitcoin before starting.

What a beginner only needs to do is look at his discretionary income if he has a reasonable amount left, and decide a percentage to buy bitcoin, another portion to build back up funds and lastly for discretionary consumption. This is a simple and practical start he needs not what you’re saying. It shouldn’t be that complicated. They can then start buying Bitcoin with the amount have chosen and continue learning and gathering experience as they go.

The role of emergency fund is very important in keeping our investment safe, so if a person does not have an emergency fund, then it is mandatory for that person to keep a part of his discretionary income for emergency fund. Create an emergency fund instead of keeping the amount of money you are setting aside for aggressive buying so that you can face unexpected financial disasters.

[JayJuanGee]

[edited out]

Let’s be honest, buying at a discounted price and selling at a high price is not bad, it’s a profitable investment for sure, besides you wouldn’t want to buy at a low price and sell at a higher price which will lead to loses. The only problem here is the attitude of buying in this discounted prices and after buying, how long were you able to continue buying and hodling before thinking of selling.

Even your framing of the whole matter is from a trading perspective.  

Of course, if we are buying bitcoin and we have a 4-10 year or longer timeline, we are going to expect much of our bitcoin holdings (if not all of it) to be largely in profits, meaning that the price that we bought is much lower than the current price, yet it seems that perhaps our goal might be related to how much bitcoin that we had been able to accumulate over that timeframe rather than our ability to completely sell all of our bitcoin because it happens to be "in profits."

Yes.  Factually, selling higher than we buy is trading, yet this thread is not about trading, so why do we even need to consider trading, since it is not really part of what we are practicing or what we are doing, especially in relation to what we are talking about in this investment thread.

Most people will intentionally wait until they see a price drop to their own desire before they can buy and even after buying they sell immediately they see a little increase in price, that is a traders mindset looking for a quick profit. This people are usually move by greed goal of making instant huge gains, they don’t only invest with a discretionary income since it may look too small for them, they invest with lot more than they can afford to let go for a long term and when the price goes down after they might have waited for a discounted price to buy, hoping for a quick surge but instead the price keeps going down, it is at this point they get disappointed and panic sell at loss.

Sure.  These kinds of dumb behaviors happen, yet are they very relevant to us, except maybe realizing what we could end up being tempted into doing, but we are not going to do those kinds of things since we are training ourselves to develop bitcoin buying practices that keep us ongoingly buying rather than waiting for the BTC price to go up in the short term.  Also we may well not even care which direction the BTC price goes in the short term, including that if the BTC price ends up going down, then we realize that we are getting more bitcoin for the same amount of dollars (fiat), and even if the BTC price goes up or down, we are still buying on a regular basis.

In the beginning, we are ongoingly building our bitcoin holdings and our back up funds, so hopefully there would not be too much concern for BTC prices since maybe for 1-2 years or even longer we would be ongoingly building our bitcoin holdings and our back up funds, so then after a few years of building up the bitcoin stash and the back up funds, then we might start to consider the extent to which changes in the BTC price might make a difference for how we employ our buys.

Personally, I have my doubts about any need to really alter our focus on ongoing and consistent buys until maybe at some point after we had put 1 year or more of the size of our expenses (and perhaps even the size of our income) into our bitcoin holdings, and so if we have one year of our expenses (or 1 year of our target income) into bitcoin, then surely changes in the bitcoin price is going to have greater effects on the overall value of the bitcoin that is in our holdings.

Let's say, for example, that a guy has an income of $30k per year and his expenses are in the ballpark of $20k per year, so perhaps if he is investing somewhere in the ballpark of $100 per week, then after 1 year of investing, he has invested $5,200 and after 4 years of investing, he has reached $20,800, which is 1 year of his expenses, and after 6 years he had invested $31,200 which is one year of his income.  

At 4 years and 6 years this particular guy has reached certain bitcoin accumulation target levels that could contribute towards his rethinking the extent to which he might want to change his strategy, and sure during a period of 4 years or 6 years, the bitcoin price would have had likely changed quite a bit through out that period... so in the last 4 years, the BTC price had various levels that were between $15,470 and $126,272, and so maybe if we had been accumulating steady for 4 years our average cost per BTC might be around $46k, even though the current BTC price is $81k.

Of course, if we had been accumulating for 6 years, our numbers would be different since the timeline is longer, even though only in the beginning of the period in late 2020 were the BTC prices lower than $15,470.. perhaps just going down to around $10,500-ish.  yet, our average cost per BTC in the past 6 years would have had been around $39k, so the average cost per BTC is not really very much lower, even though from the hypothetical that I gave there would have had been a whole year of income put into bitcoin as compared with the 4 year example in which a whole year of expenses had been put into bitcoin.

Frequently, when we start to get to the higher levels of bitcoin accumulation, such as having more than a year of expenses or more than a year of income into bitcoin, we might start to consider the extent that we have accumulated enough bitcoin or more than enough bitcoin and we might start to consider whether we should adjust our bitcoin accumulating strategies.

Personally, I consider profits to be less of a consideration to such an investor as compared with what he is able to do with the amount of BTC that he had already accumulated, and surely there can be questions about whether to just keep buying bitcoin blindly with regularity and consistency, or whether he might want to consider adjusting how he buys, such as trying to strategize around the BTC price and where he believes the BTC price might go, yet it also seems that in either case, whether his average cost per BTC is around $46k under the 4 year scenario or around $39k under the 6 year scenario, I doubt that he would be concerning himself very much with small moves in the bitcoin price, and he may well consider that it still remains to his advantage to merely consider his budget and whether continuing to invest $100 per week is a good practice or if he might choose to change his amount based on any aspects of changes in his budget (changes in his income and/or changes in his expenses).

To be able to overcome all of this, it will be better for investors to focus their attention on a long term investment where they can be buying regularly and HODL with just a discretionary income which they won’t be needing the money for anything else in the long run.

Well?  At least you brought the ideas of your post back to investing, even though you spent quite a bit of your framing on the ideas of trading and profit ideas, which it seems that you cannot help yourself to think about profits rather than thinking about ongoing accumulation.

. I do not know the kind of reaction you said it is normal when price drop but an investor who knows what he is doing won't react to market unless the market dip 80-90 percent which is not possible.

Even though the market drop by 80-90% as you said here, those that truly believes in Bitcoin and are only looking at the bigger picture, like how Bitcoin will rise up to in the future will not sell in panic, because they knows that it is only but a short term volatility that wouldn't last long, and in due time, the value of Bitcoin will recover as it has already done.

Once you buy with the intention of reselling it once it appreciate in value, just know that you are not an investor, but rather a trader that is after short term profit, because a long term investor will not even entertain the idea of selling his holdings for minimal gains, just because Bitcoin appreciated in value that moment.

I have been through a few dips that were quite low and long lasting, and it seems to me that my first dip was the hardest to deal with since my BTC holdings were also in the negative, so in the 2014 to 2015 period, my average cost per bitcoin went from $600 down to nearly $400 - since I continued to buy during that period, yet the bitcoin price had gone down below $200 on a couple of occasions, so there were times that my bitcoin holdings were more than 65% in the negative, yet since I kept buying bitcoin during that period, my cost per BTC continued to go down, yet it was still frustrating to have BTC holdings in the negative, and it was also still quite difficult to continue to buy during periods like that, since in some sense, I was also considering that I had already put enough or more than enough into bitcoin, so it was difficult to justify putting more value into bitcoin.

Of course, for me, selling was out of the question, especially since I had already told myself that I was putting in money that I could afford to lose, so I was not using money that I needed, yet at the same time, the money that I put in kept going down in value.

By the way, these days I proclaim that my average cost per BTC is somewhere in the ballpark of $1k to $2k per BTC, so even though we might have low average costs per BTC and also have had times that we were bringing down our average costs per BTC, mistakes can also be made at various points in the bitcoin accumulation (and/or maintenance) journey.

[ChocolateBitcoinK]

I think you are confuse about the whole idea of bitcoin accumulation and and what DCA really is. Those buy bitcoin only during price  dip  and sale when price pump are more of traders than investors.

An investor who have  discretionary income  and want to buy bitcoin using the DCA strategy should know that the DCA gives investors the opportunity to buy bitcoin little by little continuously and can buy more bitcoin using same amount while using the DCA strategy. Though it is normal to react to price drop but only those who don't use discretionary income to invest react badly to price.

Anyone who only buy when the price is at discounted price and sell at premium price is typically a trader but in most cases, when someone buy at the discounted price hoping for price to rise, the price usually drop so badly and this is why people panic because they believe market will push from where they bought. I do not know the kind of reaction you said it is normal when price drop but an investor who knows what he is doing won't react to market unless the market dip 80-90 percent which is not possible.

An investor never sees volatility as a problem. Moreover, an investor never waits for the price to fall in the purchase, rather the investor usually thinks of continuous investment. But the trader usually sees price fluctuations as an opportunity and his main goal is to buy at a discount and sell when the price increases. But it is very difficult to make a profit through this type of activity, no one can ever predict price fluctuations correctly, prices often move unexpectedly, due to which traders most of the time cannot make the expected profit. But for those who invest, there is no reason to worry much, rather, they have to hold steadily towards the long-term goal, and this will continue, basically the investor's goal is long-term.
But yes, the main thing is to be clear about your goal, if you start investing and then start trading, then the matter will definitely cause losses in the end, so it is important to manage these matters carefully. If you invest, you should hold on for the long term, by setting a long-term timeframe, within your means, and cautiously.

[Shaponzy]

Many times it can be difficult to measure meaningful results over a mere 4 year cycle, yet if you had spent 2 cycles accumulating bitcoin, then it becomes even harder to beat a straight forward bitcoin accumulating strategy as compared to a strategy that fucks around with trying to time dips and those other various inferior strategies - especially if your goal might be bitcoin accumulation.

I agree with you that putting too much focus on the 4 years is not advisable. Especially when it comes to long-term strategy, the 4 years may seem okay to some people, but anyone that has a good investment plans or longer-term target on accumulating bitcoin, it more better to be buying bitcoin gradually and stacking for 8 or 10 years actually gives a better position,because the investors may experience different types of markets conditions, than 4 years cycles.

In my own views, it's not all about purchasing or mange to buy every dips, but the most Important thing is, they should be able to increasing thier own bitcoin holdings than putting themselves under unnecessary risks. Investment with the money you can afford to lose[discretionary income] that's why I still preferred a simpler DCA strategy, buying gradually and holding for long-term. But consistency matters alots.

[TaviraCoinX]

I think you are confuse about the whole idea of bitcoin accumulation and and what DCA really is. Those buy bitcoin only during price  dip  and sale when price pump are more of traders than investors.

An investor who have  discretionary income  and want to buy bitcoin using the DCA strategy should know that the DCA gives investors the opportunity to buy bitcoin little by little continuously and can buy more bitcoin using same amount while using the DCA strategy. Though it is normal to react to price drop but only those who don't use discretionary income to invest react badly to price.

The DCA strategy for investing is completely effective. It is never wise to wait for the right price of Bitcoin to invest, as this can lead to you missing out on the opportunity at hand. The potential for loss is high in short-term plans. The advantage of the DCA strategy is that it makes it easy to continue investing whether the price of Bitcoin decreases, increases, or otherwise, without waiting for the right time. The main purpose of using the DCA strategy is to start investing with a small amount and give it importance, through which you will see your investment take a large shape.

[Rabata]

What are you talking about, it's a good reason if a newbie can buy Bitcoin when it's low, there is nothing wrong with understanding this very early, it makes no sense to buy Bitcoin all for the sake of you need to buy it and hold.

Newbies need to understand that buying Bitcoin in some period of time is better than blindly buying, if a newbie has bought Bitcoin at 80k when it topped at 126k thinking it's th best time to buy they would lose their cool and patience seeing BTC at 58k.

They are new so they will react to this price action, so it's the right thing to guide them right about the bull market and the bear market,  after a new all time high bitcoin will go down, what goes up must come down, DCA is sweeter on the lows than DCA on every move.

I think you are confuse about the whole idea of bitcoin accumulation and and what DCA really is. Those buy bitcoin only during price  dip  and sale when price pump are more of traders than investors.

An investor who have  discretionary income  and want to buy bitcoin using the DCA strategy should know that the DCA gives investors the opportunity to buy bitcoin little by little continuously and can buy more bitcoin using same amount while using the DCA strategy. Though it is normal to react to price drop but only those who don't use discretionary income to invest react badly to price.

I think you have misinterpreted this the post right above yours explained it correctly. In this regard, beginners specifically should receive guidance and mentoring covering all aspects ranging from the knowledge itself to the management of the discretionary income they intend to invest. Once they grasp the lessons or guidance provided, the logical next step is to actually purchase Bitcoin even if the price is surging so they can experience price volatility firsthand. This allows them to see that the teachings hold true in reality, thereby helping to build the mindset they will need for the future.

Beginners may need guidance when starting to invest. I think that guidance should not be such that a completely new one thinks that they cannot buy Bitcoin until they have fully understood bull markets and bear markets. If someone waits to understand the market cycle at the beginning, they may lose time that they could have used to gradually strengthen their position.

We see buying at low prices as an opportunity, but our plan is to buy regularly no matter what the price. A new investor should not try to buy at low prices at the beginning, but rather understand what money they will buy with. If someone has discretionary income after covering all their expenses, they can start with a small amount and learn along the way. This will give them real market experience. I think it is not possible to understand how stable a person will be when the price goes down with just theory.

[Grease5000]

Many people believe that making small investments in Bitcoin does not constitute "real" investing; they prefer to buy in large volumes. However, I do not consider this a practical approach, as Bitcoin investment requires consistent, regular purchasing—regardless of whether the scale is small or large. An investor's primary focus should be on maintaining a regular investment routine. While an investor *can* choose to buy a massive amount at once, doing so is akin to using a helicopter to reach the roof of a building.

In contrast, if that same person were to walk up the stairs to reach their destination, they could observe every floor along the way while also getting some physical exercise. The key takeaway is that you do not need a vast amount of money to invest; start small and stay informed about market conditions. Your investment will naturally grow from a small scale to a larger one over time.

I agree with the  point you made, especially from a long term investor’s perspective. As an investor you don’t need a huge amount of money before you can call yourself an investor.

Fo example if I have $10 available from my discretionary money, I can invest that $7. If next month I have $20I can invest $14. Though initially the amount may look small, but with consistent accumulation over years can build into something meaningful.

Bitcoin investing is not about trying to make one big purchase and making  huge money quickly. It is about building a position gradually while keeping one  basic needs separate from investment.  For me would rather climb the stairs consistently than jump from the roof and hope everything goes smoothly

Small money should not be despised. The important thing is to start within your means, remain consistent, understand what you are buying, and give the investment enough time to grow.

[JayJuanGee]

Many times it can be difficult to measure meaningful results over a mere 4 year cycle, yet if you had spent 2 cycles accumulating bitcoin, then it becomes even harder to beat a straight forward bitcoin accumulating strategy as compared to a strategy that fucks around with trying to time dips and those other various inferior strategies - especially if your goal might be bitcoin accumulation.

I agree with you that putting too much focus on the 4 years is not advisable. Especially when it comes to long-term strategy, the 4 years may seem okay to some people, but anyone that has a good investment plans or longer-term target on accumulating bitcoin, it more better to be buying bitcoin gradually and stacking for 8 or 10 years actually gives a better position,because the investors may experience different types of markets conditions, than 4 years cycles.

In my own views, it's not all about purchasing or mange to buy every dips, but the most Important thing is, they should be able to increasing thier own bitcoin holdings than putting themselves under unnecessary risks. Investment with the money you can afford to lose[discretionary income] that's why I still preferred a simpler DCA strategy, buying gradually and holding for long-term. But consistency matters alots.

Money that you can afford to lose and discretionary income are not the same thing.

Money that you can afford to lose is a subset of discretionary income since discretionary income is also used to save (put in back up funds) and to discretionarily consume.  You invest with a portion of your discretionary income that you choose to allocate into bitcoin, and surely not all of your discretionary income, since it is quite likely that guys who are consistently investing 100% of their discretionary income, they are likely to get stressed by such an aggressive level of investment, and surely guys who are even approaching investing 100% of their discretionary income, then hopefully, they already have decent quantities of back up funds in the event that they miscalculate and end up investing more than 100% of their discretionary funds.

[SDS11]

I think you have misinterpreted this the post right above yours explained it correctly. In this regard, beginners specifically should receive guidance and mentoring covering all aspects ranging from the knowledge itself to the management of the discretionary income they intend to invest. Once they grasp the lessons or guidance provided, the logical next step is to actually purchase Bitcoin even if the price is surging so they can experience price volatility firsthand. This allows them to see that the teachings hold true in reality, thereby helping to build the mindset they will need for the future.

First of all, i do not deem it necessary for a beginner to undergo all these you said since they are not planning on trading or gambling bitcoin so, there will not be any need for mentorship because bitcoin investment is a very straight forward thing, you do not have to calculate or predict where the market will be heading next but rather all you need is to prepare your mind to accept whatever move the market makes, have the long term mindset, figure out your discretionary and chose the interval you will be accumulating in regards to your discretionary as simple as this, you do not need any mentorship because this is not trading.

[Justbillywitt]

Base on history doing long term holding gives positive outcomes to the investors, but also it’s good to pay attention with their strategy and mindset. Since this could help them a lot to succeed here.

Yes base on history long term holding gives profit to holders, but that is not enough reason to believe that the future will return same profits levels that was given to investors in the past. While investing and holding for the future, you have to make room for surprises or disappointment, so you don’t get emotional and psychological breakdown when it doesn’t turn out how you have expected.

[B-BossMan]

Money that you can afford to lose and discretionary income are not the same thing.

Money that you can afford to lose is a subset of discretionary income since discretionary income is also used to save (put in back up funds) and to discretionarily consume.  You invest with a portion of your discretionary income that you choose to allocate into bitcoin, and surely not all of your discretionary income, since it is quite likely that guys who are consistently investing 100% of their discretionary income, they are likely to get stressed by such an aggressive level of investment, and surely guys who are even approaching investing 100% of their discretionary income, then hopefully, they already have decent quantities of back up funds in the event that they miscalculate and end up investing more than 100% of their discretionary funds.

You are actually right, some newbies usually get confused or mixed things up interchangeably. When they referred discretionary income as money they can afford to lose, it seems like a gambling mindset or rading rather. From my own understanding, newbies should get this some logics. Eaxmple if am earning 600k and 300k can covered all my expenses, the remaining 300k is my discretionary income,but to get everything in a balance way, keep 100k for handling any emergencies that may comes up unexpected. So 200k is actually my discretionary funds whichever is meant for Bitcoin investment. Keeping aside the money as backup is very important so that you won't be panicking even if the bitcoin price drops 20% or 30%.

 However. Having a good plans gives you a peace of mind in continuing holding bitcoin for long-term growths. Some people actually have to sell off thier bitcoin holdings,because they invested wrongly without planning themselves well.

[Popkon6]

Base on history doing long term holding gives positive outcomes to the investors, but also it’s good to pay attention with their strategy and mindset. Since this could help them a lot to succeed here.

Yes base on history long term holding gives profit to holders, but that is not enough reason to believe that the future will return same profits levels that was given to investors in the past. While investing and holding for the future, you have to make room for surprises or disappointment, so you don’t get emotional and psychological breakdown when it doesn’t turn out how you have expected.

There is no reason to be mentally broken about investing in Bitcoin, if you hold it for a long time then it will give you huge benefits. If you plan to hold it for a short term then it can give you losses, so investing in Bitcoin for a long term will be the best plan. You can reach more success by investing in Bitcoin, because the more Bitcoin you invest, the more profit you can get. So by maintaining the continuity of buying in Bitcoin, you must take one of the opportunities to reach success and keep yourself strong.