JJG’s Outline of Bitcoin Investment Ideas

[samadam007]

, What we are doing is just to follow the normal procedure and since there has been an increase in its value over the years if we hold Bitcoin for Long term there's a  little possiblity of making profit from our Bitcoin investment.

What are you even saying here bro, because it seems like you don't know that Bitcoin is nowhere near it peak price.

I may agree with you that profit is not a guarantee if you invest in it, but because of it history and the huge potential it still have ahead, the chances of our investment being a success in the future is very high, that's why investors are buying and accumulating it consistently just to position themselves in a better position when Bitcoin has risen to a million dollars or more, so I don't know where you get this your idea that their is a little possibility of making out something from our Bitcoin investment later in the future.

I don't know what you're arguing about here. @ejikeme24 is sounding more realistic than you @Barikui1. You just cut out his post to score cheap points.
He didn’t discourage anybody from accumulating or say bitcoin does not have future potential. He only pointed out the fact that success is not guaranteed, and I agree with him. Why do you think we tell beginners to invest an amount they can afford to lose? not because we don’t believe in bitcoin, but for them manage the risk and not put in everything they have because of over confidence about future outcome and expectation.

Even the $1m or more peak you mentioned is still a future expectation, not something we are 100% certain about. There is a difference between saying Bitcoin has potentials and saying anyone that invests in it will eventually be successful. The reason why we choose to hold is so we benefit from its potential like past investors, if it continues to perform well and better in the future. It’s better to be patient and follow the long term pattern instead of gambling it for short term profit.

[liasbaa]

These are good points.  Even though bitcoin newbies can do whatever they like in terms of amounts, it tends to be better to start out  with an amount that is relatively smaller within their budget and then to get accustomed to the amount prior to making any adjustments to increase the amount, which hopefully will lead them from within their own judgement into considering how aggressive that they could invest into bitcoin without overdoing it.

As an adaptation stage I also agree that beginners are better off starting their accumulation with a small amount, however Bitcoin has a risk side and this approach can help beginners to avoid big risks, another reason is that beginners are psychologically awake when facing market volatility, simply with a small allocation then it will not cause too much significant emotional pressure on beginners, the last most important thing is as you say is to accumulate without exceeding the limits of your ability in terms of budget, after all I think the success lies not in how much you allocate but how strong you are in maintaining consistency.

When we say small amount, we should be able to know that what may be small amount of money for someone may be the dream target to another person. The only way to make this clear is to emphasise the need to invest with only discretionary income which is the amount the investor can play around with without feeling despair if anything goes wrong. If a new investor understand this concept of using discretionary income, most of the problems like anxiety, FOMO, etc will naturally vanish.

This is not just a dream come true, it is a realistic expectation of an investor because by accumulating Bitcoin on a regular basis, you can expect the value of your holdings to increase in the coming years. Maybe with discretionary income alone, the size of your holdings may not be what you want. Increase your Bitcoin holdings as your income increases and buy aggressively when the price drops.

If a poor investor does not have much financial capacity, he should be allowed to implement this simple strategy because today's flexibility can make him a great investor in the future. I am saying that if an investor is currently able to accumulate $20 in Bitcoin per week, he should do so through this amount of funds. When additional funds become available to him in the future, he will gradually increase the amount of Bitcoin buy and will be able to build a large Bitcoin holding.

[ejikeme24]

~snip~

I may agree with you that profit is not a guarantee if you invest in it, but because of it history and the huge potential it still have ahead, the chances of our investment being a success in the future is very high, that's why investors are buying and accumulating it consistently just to position themselves in a better position when Bitcoin has risen to a million dollars or more, so I don't know where you get this your idea that their is a little possibility of making out something from our Bitcoin investment later in the future.

You sound confused @ Barikui1 you said in your first paragraph that there's no guarantee if a person invest in bitcoin, and you still went ahead to say that the chance of our investment being successful in the future is very high as though you can guarantee how our investment will look like in the future. Can't believe you will stand to argue with me when I said that the possibility of making profit from Bitcoin is little or were you actually expecting me to say "high" ? I know Bitcoin have done well  years back but it's of the past we are now talking about the future so you can't be too sure or certain about making profit from Bitcoin in the future as you don't know what the future holds.

[Dxdiax26]

If a poor investor does not have much financial capacity, he should be allowed to implement this simple strategy because today's flexibility can make him a great investor in the future. I am saying that if an investor is currently able to accumulate $20 in Bitcoin per week, he should do so through this amount of funds. When additional funds become available to him in the future, he will gradually increase the amount of Bitcoin buy and will be able to build a large Bitcoin holding.

When you know your own capacity, what you've said is a path that must be implemented with the sole purpose of making it easier for yourself to invest in Bitcoin.

This means that if your income is very low, implementing a strategy is a step to continue pursuing your goals. For example, if you can afford to make a weekly purchase of just $20 and don't allow yourself to spend more than that due to limited income, there's no need to force yourself to keep investing at a rate that doesn't match your usual income. If you do, the problem arises from your lack of understanding of the correct way to invest in Bitcoin.

[Qhunman]

You sound confused @ Barikui1 you said in your first paragraph that there's no guarantee if a person invest in bitcoin, and you still went ahead to say that the chance of our investment being successful in the future is very high as though you can guarantee how our investment will look like in the future. Can't believe you will stand to argue with me when I said that the possibility of making profit from Bitcoin is little or were you actually expecting me to say "high" ? I know Bitcoin have done well  years back but it's of the past we are now talking about the future so you can't be too sure or certain about making profit from Bitcoin in the future as you don't know what the future holds.

Fair enough, what you and Barikul said is correct, bitcoin offers no guarantee that our investment will be successful in the long run but you both explain in a different way which both of you are correct. So,there's no point in arguing about it since it something that just requires simple understanding. If you both continue to argue about who is sounding confused and who is not,this debate will not end. We are still learning and no one is above learning,if you think that your point of view is more correct, there's no problem with that but we should stop fighting and move on to contribute to more meaningful discussions.

From my perspective, bitcoin investment isn't 100% guarantee and possible of you being successful or becoming rich in the long run is a probability and not certain since nothing is guaranteed. That's why we are advised to invest with our discretionary income and hold for the long term.

[Tmoonz]

These are good points.  Even though bitcoin newbies can do whatever they like in terms of amounts, it tends to be better to start out  with an amount that is relatively smaller within their budget and then to get accustomed to the amount prior to making any adjustments to increase the amount, which hopefully will lead them from within their own judgement into considering how aggressive that they could invest into bitcoin without overdoing it.

You are very correct.and I totally agree with your points for bitcoin newbies I feel starting with a smaller amount that’s within their budget makes sense. Once they’re use to the amount and understand how bitcoin price moves, they can now decide on their own if they’re to increase it or not.  This approach can actually help them to know their own risk level rather than being in a rush to invest aggressively and later they will start regretting it. It’s their  financial capability that  will determine how much they can comfortably put into bitcoin.

I think the major factors that determines how much one can comfortablely put in to Bitcoin is understanding your risk tolerance level and not your financial capability, the context is what you can be comfortable with and of course from your discretionary income which is a different thing compared to your financial capability, your financial capability can not override your risk tolerance level which is the amount that you can be comfortable with, that is to say anyone can have an amount that they can be be comfortable with that is not in respect to their financial capability as a determinant.

[Rockson1]

A method can never guarantee success but rather what will guarantee success in anything we do is how we approach things and the ability of those things to do great in the future. Just like in Bitcoin investment our success is dependent on how we approach Bitcoin with our strategy and the ability of Bitcoin potential to speedily increase in the future. If someone is using the DCA method and then due to a little change in price the person panic, it means they are not long term holder but a trader.

A method can guarantee success if we are consistent with such method, although it also depend on the method and our ability to keep up with the method, success can be attributed to how determined we are to continue with the right strategy, you get somethings mixed up here, if we should relate what you said to Bitcoin, it means you are contradicting yourself, why we all talk about the DCA strategy which can also call method is because of how easy it is in application, I said easy because, it does not know any boundary, we invest with any amount persistently using this method, and it has been proven to be very effective for all category of investors,

[Dunamisx]

A method can guarantee success if we are consistent with such method, although it also depend on the method and our ability to keep up with the method,

Why not use the word strategy instead of method as this is a term of doing use when we are discussing about investment, the strategy determines part of the outcome we may get when we are investing in cryptocurrency, it's also tells more of the risk that we may be facing along the line.

We cannot also conclude it by saying that the strategy guarantees 100% profit, it's all depends on how we invested and the time to revision that makes it a profitable one, this is why each investors are more of going through a specific pattern that increases their earning rates as they tend to hold more than they easily decide to sell.

[Tetu100]

You sound confused @ Barikui1 you said in your first paragraph that there's no guarantee if a person invest in bitcoin, and you still went ahead to say that the chance of our investment being successful in the future is very high as though you can guarantee how our investment will look like in the future. Can't believe you will stand to argue with me when I said that the possibility of making profit from Bitcoin is little or were you actually expecting me to say "high" ? I know Bitcoin have done well  years back but it's of the past we are now talking about the future so you can't be too sure or certain about making profit from Bitcoin in the future as you don't know what the future holds.

Fair enough, what you and Barikul said is correct, bitcoin offers no guarantee that our investment will be successful in the long run but you both explain in a different way which both of you are correct. So,there's no point in arguing about it since it something that just requires simple understanding. If you both continue to argue about who is sounding confused and who is not,this debate will not end. We are still learning and no one is above learning,if you think that your point of view is more correct, there's no problem with that but we should stop fighting and move on to contribute to more meaningful discussions.

You're right. I was also following up their discussion till this point and I saw the way they were bantering @Barikui1 to be confused and stuff like that, which isn't right. Nobody knows it all as why we are all here to learn from each other. If you feel someone isn't going in your direction or agreeing to your own opinion then there is nothing wrong if you politely put the person on track instead of using some unpleasant words.

Haven't said that. There is no guarantee in bitcoin investment, as why it's advisable we invest with what we can afford to lose. @Qhunman was actually right that you both was aiming at the same point but what caused the whole drama here was just a simple misunderstanding. Moreover, we are one and we can comfortably learn from each other.

[ruykeri]

A method can never guarantee success but rather what will guarantee success in anything we do is how we approach things and the ability of those things to do great in the future. Just like in Bitcoin investment our success is dependent on how we approach Bitcoin with our strategy and the ability of Bitcoin potential to speedily increase in the future. If someone is using the DCA method and then due to a little change in price the person panic, it means they are not long term holder but a trader.

A method can guarantee success if we are consistent with such method, although it also depend on the method and our ability to keep up with the method, success can be attributed to how determined we are to continue with the right strategy, you get somethings mixed up here, if we should relate what you said to Bitcoin, it means you are contradicting yourself, why we all talk about the DCA strategy which can also call method is because of how easy it is in application, I said easy because, it does not know any boundary, we invest with any amount persistently using this method, and it has been proven to be very effective for all category of investors,

Guaranteed profit is not possible through any method. Even if you follow the DCA method and invest disciplined way  and sustainably for 4 to 10 years, the price of Bitcoin will not be under your control during that time. Therefore success depends on how much you have held and how much Bitcoin is at that time. Since Bitcoin gives profit in the long term and the price increases, which has a strong logic behind it, the DCA method is much more effective in holding Bitcoin for a long time and reducing the risk of panic selling. If you follow the DCA method, you do not have to find the perfect entry, you do not have to predict the market bottom, and it is not mandatory to buy Bitcoin with a fixed amount. This is why the DCA method is called a fairly simple and suitable investment medium for everyone.

[abaeze]

If a poor investor does not have much financial capacity, he should be allowed to implement this simple strategy because today's flexibility can make him a great investor in the future. I am saying that if an investor is currently able to accumulate $20 in Bitcoin per week, he should do so through this amount of funds. When additional funds become available to him in the future, he will gradually increase the amount of Bitcoin buy and will be able to build a large Bitcoin holding.

When you know your own capacity, what you've said is a path that must be implemented with the sole purpose of making it easier for yourself to invest in Bitcoin.

This means that if your income is very low, implementing a strategy is a step to continue pursuing your goals. For example, if you can afford to make a weekly purchase of just $20 and don't allow yourself to spend more than that due to limited income, there's no need to force yourself to keep investing at a rate that doesn't match your usual income. If you do, the problem arises from your lack of understanding of the correct way to invest in Bitcoin.

I agree with you that it is important for everyone to invest within their financial limits. However, buying more Bitcoins in a race should not be seen as the only measure of progress, because when investing in a volatile asset like Bitcoin, it is equally important to maintain consistency without compromising financial stability.

A person who can comfortably invest $20 per week for years will be in a much better position than someone who forces themselves to invest $100 per week. Because the person who forces themselves to increase their investments may eventually have to stop investing or sell Bitcoins before the planned time to meet necessary expenses or if a sudden danger arises.

[JayJuanGee]

, What we are doing is just to follow the normal procedure and since there has been an increase in its value over the years if we hold Bitcoin for Long term there's a  little possiblity of making profit from our Bitcoin investment.

What are you even saying here bro, because it seems like you don't know that Bitcoin is nowhere near it peak price.

I may agree with you that profit is not a guarantee if you invest in it, but because of it history and the huge potential it still have ahead, the chances of our investment being a success in the future is very high, that's why investors are buying and accumulating it consistently just to position themselves in a better position when Bitcoin has risen to a million dollars or more, so I don't know where you get this your idea that their is a little possibility of making out something from our Bitcoin investment later in the future.

Bitcoin believers seem to have different ways of trying to say what they believe is the same thing in terms of trying to proclaim that bitcoin is likely to be profitable in the future without our knowing for sure that it is going to be profitable (meaning that we cannot proclaim that the profits are guaranteed).

If we cannot proclaim that the profits are guaranteed, then it seems logical that we are also not able to provide any specifics about the extent to which it may be profitable, even if we might consider that the high end of the range of potential profits could be quite high - even 10s, or 100s or even 1,000s of times greater than today.

Many of us invest into bitcoin because we reasonably presume that the incline of bitcoin's price slope is tending and trending upward, but we cannot really know how much.  We also tend to presume that bitcoin's price trend upwards is likely to be greater than other places that we might be able to put our today's money.   

I don't see what good there is to get into specifics in regards to where we consider that the BTC price might be going, even if we might consider the odds for great returns to be quite high, relatively speaking - yet even if we are correct on the odds of great returns being high, out being correct about the current odds for the future to have great outcomes still does not cause the future outcomes to become guaranteed.

There should be ways that guys can talk in terms of probabilities, yet we struggle to accomplish that.  Something like bitcoin can still be a great place for value with great probabilities for great outcomes, yet at the same time, some minority outcomes could end up playing out into the future... even though the fact that minority outcomes could end up playing out into the future, we still have to figure out how much we are going to put into bitcoin today based on our being able to appreciate that there are a variety of possible outcomes, even though once one set of outcomes end up playing out, the outcome becomes 100% certain (up until that point), even  though prior to the outcome coming true, there may well would have had been a variety of outcomes that could have had ended up happening.

A method can never guarantee success but rather what will guarantee success in anything we do is how we approach things and the ability of those things to do great in the future. Just like in Bitcoin investment our success is dependent on how we approach Bitcoin with our strategy and the ability of Bitcoin potential to speedily increase in the future. If someone is using the DCA method and then due to a little change in price the person panic, it means they are not long term holder but a trader.

I don’t agree with your comment,to think that having a particular strategy automatically determines success in bitcoin is not true.

Using DCA method would not guarantee profit and panick or selling due to a change in price does not equally make one a trader,being a trader is having a trading approach not only selling when you’re uncomfortable with a loss.

You are dancing into dangerous territory here @Dannyella - since this thread is about investing and not about trading, and if you are going to proclaim that some circumstances in which guys choose (or are forced) to sell some portions of their bitcoin (presumptively not all of it) do not always constitute trading, then you may well need to flesh out that framing a bit better.

Are you proclaiming that guys are selling to buy back cheaper?  or they are selling because they made a mistake (or some mistakes) in how they allocated into bitcoin or some other aspect of their cashflow?  or they are selling because they are trying to manage the amount of their bitcoin holdings as compared with other back up funds (or maybe other investments) that they have?  You likely need to flesh this out if you are really trying to proclaim that the selling that you are imagining does not fall into a trading category

[Perfect-World]

This is not just a dream come true, it is a realistic expectation of an investor because by accumulating Bitcoin on a regular basis, you can expect the value of your holdings to increase in the coming years. Maybe with discretionary income alone, the size of your holdings may not be what you want. Increase your Bitcoin holdings as your income increases and buy aggressively when the price drops.

Pls note that aggressive buying is not only limited to the Dip period, nope. An investor can be aggressive at anytime if he has some sort of increased discretionary to increase his weekly or monthly DCAing. Our weekly DCAing can also be aggressive sometimes because an investor can front load his investment which his extra cash when necessary. The only caution is to be careful not to be overly aggressive and/or put in more concentration in aggressiveness and neglecting building a substantial back up funds.

the strategy determines part of the outcome we may get when we are investing in cryptocurrency, it's also tells more of the risk that we may be facing along the line.

Hey dear, this is a Bitcoin investment thread, and our discussions here are tailored down to right investment practices in Bitcoin, and not cryptocurrencies. Using the world crypto currency here does not align with the aims of this thread, and so should be avoided. Bitcoin is a superior coin or assets compared to those shit crypto coins that are marely pump and dump coins. It's better you differentiate them and use Bitcoin instead.

[Gragebox]

You are dancing into dangerous territory here @Dannyella - since this thread is about investing and not about trading, and if you are going to proclaim that some circumstances in which guys choose (or are forced) to sell some portions of their bitcoin (presumptively not all of it) do not always constitute trading, then you may well need to flesh out that framing a bit better.

Are you proclaiming that guys are selling to buy back cheaper?  or they are selling because they made a mistake (or some mistakes) in how they allocated into bitcoin or some other aspect of their cashflow?  or they are selling because they are trying to manage the amount of their bitcoin holdings as compared with other back up funds (or maybe other investments) that they have?  You likely need to flesh this out if you are really trying to proclaim that the selling that you are imagining does not fall into a trading category

In my opinion, the key distinction here is the motivation to sell, and not selling in general. If someone sells just to buy the cryptocurrency later on at a lower price, then it is definitely a trading operation, as the person is interested in profiting from changes in price over a relatively short period of time.

Nevertheless, selling a certain portion of coins to pay for an emergency or fix some earlier investment mistake is another case. The fact of selling alone does not mean that the person has altered his/her views regarding long-term perspectives of Bitcoin.

There is a difference between managing a portfolio and trying to foresee each step of the market. It is possible to reduce exposure to a certain cryptocurrency if it represents too great a share in the whole portfolio without rejecting any investment strategy.

However, the intention should be clearly outlined in order to draw a boundary between investment and trading. Long-term holding does not necessarily imply the impossibility to sell the coins.

[BluebloodCXVI]

I don’t agree with your comment,to think that having a particular strategy automatically determines success in bitcoin is not true.

Using DCA method would not guarantee profit and panick or selling due to a change in price does not equally make one a trader,being a trader is having a trading approach not only selling when you’re uncomfortable with a loss.

@Dannyella, you didn’t specify on the criteria’s that needs to be met before a person can be considered a trader, and so the point you made kinda comes across to me as vague.

You should have highlighted why you feel that “a person selling their bitcoin because they are uncomfortable with a loss doesn’t make that person a trader”,  that would have offered more clarity on your proclamation.

Anybody that sells their bitcoin just for the sake of buying it back at a cheaper price is straight up a trader, no questions, regardless of whether they think of themselves as an investor.
The only exception in my opinion is if the person is selling their bitcoin because there was truly a genuine allocation error on their part, or a sudden change in their personal cash flow needs, or maybe even a deliberate decision to rebalance against other assets or reserves, it’s still fair enough to say that the person is still operating within the bitcoin investment/investing framework.

[Agbam]

These are good points.  Even though bitcoin newbies can do whatever they like in terms of amounts, it tends to be better to start out  with an amount that is relatively smaller within their budget and then to get accustomed to the amount prior to making any adjustments to increase the amount, which hopefully will lead them from within their own judgement into considering how aggressive that they could invest into bitcoin without overdoing it.

As an adaptation stage I also agree that beginners are better off starting their accumulation with a small amount, however Bitcoin has a risk side and this approach can help beginners to avoid big risks, another reason is that beginners are psychologically awake when facing market volatility, simply with a small allocation then it will not cause too much significant emotional pressure on beginners, the last most important thing is as you say is to accumulate without exceeding the limits of your ability in terms of budget, after all I think the success lies not in how much you allocate but how strong you are in maintaining consistency.

When we say small amount, we should be able to know that what may be small amount of money for someone may be the dream target to another person. The only way to make this clear is to emphasise the need to invest with only discretionary income which is the amount the investor can play around with without feeling despair if anything goes wrong. If a new investor understand this concept of using discretionary income, most of the problems like anxiety, FOMO, etc will naturally vanish.

I think that everyone coming into bitcoin understands their financial situation and just as being aggressive is a choice of the investor, starting small means small from where you are at… it’s relative. Just like you’ve said what’s small for you might be big for me, so folks are to choose for themselves what that small is!… there’s no guide or manual for that.

Yes, understanding that you’re to invest/accumulate only from your discretionary income is good, especially for newbies and with that in mind they can be able to invest the amount they’re comfortable with according to their discretion.

[JayJuanGee]

[edited out]

I think that everyone coming into bitcoin understands their financial situation and just as being aggressive is a choice of the investor, starting small means small from where you are at… it’s relative.

People have varying levels of knowledge and organizational skills when they come into bitcoin.

Bitcoin investing can help people to improve their finances and also to strengthen their cashflow management skills.

So surely each person can choose their level of investment into bitcoin, they can choose their seriousness about learning, they can choose how much they want to improve their cashflow management skills.

Results are likely to vary depending on how serious guys are in their bitcoin investment choices, yet one thing that we have is choice, even if we create a rigid investment and cashflow management for ourselves, we still have a choice about the extent to which we want to follow our chosen rigidness or to change it.

[Dxdiax26]

~snip~

When you know your own capacity, what you've said is a path that must be implemented with the sole purpose of making it easier for yourself to invest in Bitcoin.

This means that if your income is very low, implementing a strategy is a step to continue pursuing your goals. For example, if you can afford to make a weekly purchase of just $20 and don't allow yourself to spend more than that due to limited income, there's no need to force yourself to keep investing at a rate that doesn't match your usual income. If you do, the problem arises from your lack of understanding of the correct way to invest in Bitcoin.

I agree with you that it is important for everyone to invest within their financial limits. However, buying more Bitcoins in a race should not be seen as the only measure of progress, because when investing in a volatile asset like Bitcoin, it is equally important to maintain consistency without compromising financial stability.

A person who can comfortably invest $20 per week for years will be in a much better position than someone who forces themselves to invest $100 per week. Because the person who forces themselves to increase their investments may eventually have to stop investing or sell Bitcoins before the planned time to meet necessary expenses or if a sudden danger arises.

I think everyone will understand what it means to buy Bitcoin by forcing yourself, because that doesn't mean it's impossible. However, it's more of an unhealthy mindset because the purchases don't align with their income. Ultimately, they also suffer the risks of following their desires without considering their weekly or monthly income.

Anyone who purchases Bitcoin must adjust their resources accordingly. For example, if they earn $50 a week, they should first consider the need to survive with their family. Once their needs are met, they have no problem making purchases with whatever discretionary funds they have, with the primary goal remaining. Bitcoin purchases should also be made because even small amounts, if done consistently, will eventually become substantial savings. Clearly, we should carry out every activity based on our financial capabilities.

[UpTober]

These are good points.  Even though bitcoin newbies can do whatever they like in terms of amounts, it tends to be better to start out  with an amount that is relatively smaller within their budget and then to get accustomed to the amount prior to making any adjustments to increase the amount, which hopefully will lead them from within their own judgement into considering how aggressive that they could invest into bitcoin without overdoing it.

As an adaptation stage I also agree that beginners are better off starting their accumulation with a small amount, however Bitcoin has a risk side and this approach can help beginners to avoid big risks, another reason is that beginners are psychologically awake when facing market volatility, simply with a small allocation then it will not cause too much significant emotional pressure on beginners, the last most important thing is as you say is to accumulate without exceeding the limits of your ability in terms of budget, after all I think the success lies not in how much you allocate but how strong you are in maintaining consistency.

When we say small amount, we should be able to know that what may be small amount of money for someone may be the dream target to another person. The only way to make this clear is to emphasise the need to invest with only discretionary income which is the amount the investor can play around with without feeling despair if anything goes wrong. If a new investor understand this concept of using discretionary income, most of the problems like anxiety, FOMO, etc will naturally vanish.

This is not just a dream come true, it is a realistic expectation of an investor because by accumulating Bitcoin on a regular basis, you can expect the value of your holdings to increase in the coming years. Maybe with discretionary income alone, the size of your holdings may not be what you want. Increase your Bitcoin holdings as your income increases and buy aggressively when the price drops.

If a poor investor does not have much financial capacity, he should be allowed to implement this simple strategy because today's flexibility can make him a great investor in the future. I am saying that if an investor is currently able to accumulate $20 in Bitcoin per week, he should do so through this amount of funds. When additional funds become available to him in the future, he will gradually increase the amount of Bitcoin buy and will be able to build a large Bitcoin holding.

In the beginning, I think starting with a small amount of money can be a good decision to invest. If an investor initially feels that buying regularly with $20 can be a good decision for him, then he can start with this amount of money and maintain consistency. Again, many times we realize that after buying little by little, when the market suddenly goes down, we are more aggressive and without thinking about anything, we want to buy more, here too we have to be careful because while buying a large amount suddenly, we forget that we have some daily expenses as well as our needs, so if we buy aggressively like this, we may decide to sell the investment due to sudden financial needs, so we should think carefully before buying aggressively.

The main thing is to determine an amount according to your ability and use it for regular investment. Maybe the initial investment amount may seem small, but if you maintain consistency in the long run, the total amount of investment will be much higher.

[Saltysugar99]

I think everyone will understand what it means to buy Bitcoin by forcing yourself, because that doesn't mean it's impossible. However, it's more of an unhealthy mindset because the purchases don't align with their income. Ultimately, they also suffer the risks of following their desires without considering their weekly or monthly income.

Anyone who purchases Bitcoin must adjust their resources accordingly. For example, if they earn $50 a week, they should first consider the need to survive with their family. Once their needs are met, they have no problem making purchases with whatever discretionary funds they have, with the primary goal remaining. Bitcoin purchases should also be made because even small amounts, if done consistently, will eventually become substantial savings. Clearly, we should carry out every activity based on our financial capabilities.

The main issue for an investor is whether he can buy sustainably. This is very important for long-term investment, because it is easy to do aggressive buying for a few weeks, but it is a different matter to maintain accumulation for 4-10 years or more. And if someone forcibly starts DCA with a fund of an amount that is beyond his financial capacity, then it is a very risky matter. Doing so may seem a little more serious to him at first than other investors, but he should also consider how long he can continue investing in a sustainable way. It is better to invest with a reasonable amount from his discretionary income.