JJG’s Outline of Bitcoin Investment Ideas

[Rockson1]

Discretionary income is very important in our Bitcoin investment because without it we can't be able to invest, while investors are busy accumulating their Bitcoin they should also make some funds available for the Dip if they are interested in doubling or been aggressive anytime the price Dip. And I see Dip as a big opportunity for those investors who  are ready for it and being aggressive when there is Dip doesn't mean you are taking much risk, as long as the fund is coming from your discretionary the risk is okay.

If investors are ongoingly acumulating Bitcoin with their discretionary income, do you think that preparing to buy the dip is necessary especially if such investors are buying through the DCA strategy? or are you not clear on the meaning of the DCA strategy, if the DCA strategy is said to be a strategy that we can use in acumulating Bitcoin consistently without minding the price of Bitcoin at any point, doesn't that tell you that, with the DCA method, we can buy during the dip and everytime, It is not ideal to prepare for the dip when you are buying steadily, and why do some of us keep mentioning the dip when the DCA strategy still covers it, we can be agressive at anytime not necessarily during the dip.

[Charcol]

Although everyone have their preferences of strategy they think it's best but the best way to investment in a volatile asset like Bitcoin still remains buying it consistently, other strategies are still relevant but when teaching people about Bitcoin investment especially newbies it's good to tell them about strategies that would make their investment journey easier, not the ones that could make them deviate to trading out of ignorance.
 So I support your response to him Jay, buying the dip can never be superior to buying consistently using the DCA. People who focus on buying dips or timing the market to buy might barely get the right timing but buying consistently gives an investor chances of buying different dips without timing it.

Buying the Dip can never be superior to consistent buying I partially agree because this depends on how much you are using in buying consistently, meaning you can not be purchasing 10-$20 worth of Bitcoin weekly and thinking you will pass someone that buys thousands of dollars worth of Bitcoin when there is Dip.

If someone thinks that buying at a price drop is better than buying regularly, then he still lacks knowledge and is putting himself at additional risk. I am not directly saying that buying at a price drop is bad. Buying at a price drop can be a good decision only when you take it from the reserve fund that you have set aside in advance. But if someone thinks that he will stop buying regularly and just wait for the price drop, then he is just trying to time the market. But the main purpose of the investor is not to time the market, but to gradually strengthen his position by understanding his own capabilities. Because investors have to think in this way that it is not certain when the price drop will come, how much it will come, and he may not have money until that time.

The advantage of buying regularly is that you can adapt to your income, expenses and discipline. In this, when the price drops, you get a little more, and even if the price is high, you do not have to stop saving. But while waiting for the price drop, many people lose the habit of their original plan.

[Morayoam91]

You are right, we don't need to look at the lowest or highest price, we just need to do DCA regularly. Until we can build the expected amount of Bitcoin holdings. In reality it is not possible to accurately predict where the price will go in the future. In the event of a future price increase, it is wise to consider the DCA method to accumulate Bitcoin because its policy clearly states and as you explained, buy regularly without looking at its price. There are many other advantages of doing DCA one of which is the facility to accumulate any amount of Bitcoin with your financial capacity. A poor investor with less financial capacity will buy regularly less Bitcoin and a rich investor can also use his financial capacity to also buy Bitcoin regularly using the DCA method.

Instead of keeping a close eye on the price of Bitcoin or waiting for its perfect time, using the DCA strategy is an effective method to move forward slowly according to your ability. It is not stopping but starting from the present where the price of Bitcoin may not be seen at the present price in the future so starting is the only real step, the DCA strategy frees you from such challenges as when to enter or exit the market, the DCA strategy is an effective step for all classes of people, starting with a small amount of extra money after the necessary expenses from the source of income is effective, but even if the current step seems small, you will see it as heavy in the future, it is not important to waste time knowing everything in advance to invest, but here it is important to understand the necessary things and make the right decision and step according to your financial position, as a result of investing, your experience will increase,

[Jewan420]

Buying the Dip can never be superior to consistent buying I partially agree because this depends on how much you are using in buying consistently, meaning you can not be purchasing 10-$20 worth of Bitcoin weekly and thinking you will pass someone that buys thousands of dollars worth of Bitcoin when there is Dip.

If someone thinks that buying at a price drop is better than buying regularly, then he still lacks knowledge and is putting himself at additional risk. I am not directly saying that buying at a price drop is bad. Buying at a price drop can be a good decision only when you take it from the reserve fund that you have set aside in advance. But if someone thinks that he will stop buying regularly and just wait for the price drop, then he is just trying to time the market. But the main purpose of the investor is not to time the market, but to gradually strengthen his position by understanding his own capabilities. Because investors have to think in this way that it is not certain when the price drop will come, how much it will come, and he may not have money until that time.

The advantage of buying regularly is that you can adapt to your income, expenses and discipline. In this, when the price drops, you get a little more, and even if the price is high, you do not have to stop saving. But while waiting for the price drop, many people lose the habit of their original plan.

I will not comment in such a harsh language, but I support your comment. Waiting for a certain time in the market to stop investing before achieving the goal or in the early stages of investment is a wrong move, in which your goal may move far away from you. The reason for this is that the relationship or communication distance increases due to lack of activity with the investment. Or you may withdraw from the investment due to disappointment due to missing the opportunity to buy, because the market is very unstable and unpredictable.

There is no guarantee that the price of Bitcoin will move in any direction. When you think the price will fall, the price may rise, and even the opposite may happen. If you can be consistently active with the market through DCA, the market will definitely give you an opportunity to buy at a low price and you will be able to take that opportunity according to your ability. It is important to remember that there is no specific time to enter the market or there is no specific price limit or time frame for buying.

[AYOBA]

Instead of keeping a close eye on the price of Bitcoin or waiting for its perfect time, using the DCA strategy is an effective method to move forward slowly according to your ability. It is not stopping but starting from the present where the price of Bitcoin may not be seen at the present price in the future so starting is the only real step, the DCA strategy frees you from such challenges as when to enter or exit the market, the DCA strategy is an effective step for all classes of people, starting with a small amount of extra money after the necessary expenses from the source of income is effective, but even if the current step seems small, you will see it as heavy in the future, it is not important to waste time knowing everything in advance to invest, but here it is important to understand the necessary things and make the right decision and step according to your financial position, as a result of investing, your experience will increase,

Is like there are some people that still not believe in the DCA method, that’s why’ they choose to wait for the perfect time before they can invest, they don’t know that using the DCA will be a smart move to enjoy their Bitcoin investments. Because that’s the only method that can allow everyone to invest with the little they’ve without wasting time and be waiting for the right moment.

It was before that someone find the Bitcoin investments so difficult when the DCA wasn’t never introduced, because that time even those that have interest to invest in Bitcoin can’t afford, due to they don’t have money to buy at once, but now everything has become more simple and easier for all investors.

[Lembo69]

It is important to have a clear decision to invest without any excuses. People try to move forward financially through their hard work, but they can also do so through extra work. Along with investing, they can also meet the basic needs of their family and create an emergency fund. Because financial clarity is essential to move forward in investing in the long term; it is not impossible, it will come through extra work. It is not uncommon to face sudden dangers in life. It can happen to more or less everyone, but at that time, there may be a need for cash that may exceed the limits of your emergency fund, then it may become mandatory to let go of your accumulated assets. Therefore, it is important to ensure your financial security through hard work and not through excuses. Waiting for the perfect time is just a waste of time, so it is necessary to maintain consistency in investing.

Yes, continuity of investment makes any complex task easier and it is also important to take the right decision towards investment over time. And there is no right time for investment, whenever an investor invests, that is the right time for him. If someone waits for the right time to invest, it will be foolish. Yes, an investor can fall into such a situation that his emergency fund may be exceeded and the need for cash may go beyond the limit. For this, that investor should allocate 75% of his immediate income for Bitcoin and 25% for emergency fund at the beginning of the investment.

Another thing is that if someone is careless in collecting Bitcoin and managing cash flow, then they will push their investment towards risk in the future. Therefore, it would be better to consider how to move the investment forward in a risk-free way for long-term goals by using your own judgment. The better and more prosperous a person's financial management is, the more risk-free his investment can be and the portfolio can grow.

If an investor maintains the continuity of investment, then he can certainly get many benefits here. And it can become easier for him. The one who can maintain his investment discipline, the more sustainable and long-term his investment feels like continuing.

[Grease5000]

Buying the Dip can never be superior to consistent buying I partially agree because this depends on how much you are using in buying consistently, meaning you can not be purchasing 10-$20 worth of Bitcoin weekly and thinking you will pass someone that buys thousands of dollars worth of Bitcoin when there is Dip.

The  amount invested should be separated from the strategy. Though someone buying $10–$20 of Bitcoin weekly may not accumulate more than someone putting thousands of dollars into bitcoin during a dip simply because the second person invested more money.  For a long term investor, the focus should be on how much they can sustainably invest from their discretionary income and consistently accumulate over time.

[Umulala-alala]

he can take advantage of the fall. If he does not take advantage of the fall with that money from his emergency fund and take advantage of it and do not take a loan.

You are not to tamper with your emergency funds for any reason only when you're hit with real life emergency. Your emergency funds isn't for the accumulation of bitcoin when there's a dip because it's the backup funds to your bitcoin investment to prevent you from selling your bitcoin when you are hit with real life emergency.

Anyone that uses his emergency funds to buy bitcoin because of a dip is only gambling with his bitcoin investment because if you're hit with a real life emergency, you will use your bitcoin as your emergency funds and if the price is below your entry, you will be at loss. Your reserve funds is what you can use to buy bitcoin during a dip and not your emergency funds because your reserve funds is flexible.

Don't do what will make you reduce your bitcoin stash and regret your actions because your bitcoin stash should be growing overtime till your reach your bitcoin target.

I think its ignorant that will make someone to use their emergency funds to invest in bitcoin or to buy aggressively when the price of bitcoin is low using their emergency funds, it's totally wrong to use our emergency funds to buy bitcoin, emergency funds is a separate funds kept out for real life emergency to protect our investment not to be sold half way, the allocated funds use in buying bitcoin is our discretionary income reserve funds can also be use to buy bitcoin if necessary, people already gamble with their bitcoin investment when they use their emergency funds to invest in BTC.

[Sobz]

Discretionary income is very important in our Bitcoin investment because without it we can't be able to invest, while investors are busy accumulating their Bitcoin they should also make some funds available for the Dip if they are interested in doubling or been aggressive anytime the price Dip. And I see Dip as a big opportunity for those investors who  are ready for it and being aggressive when there is Dip doesn't mean you are taking much risk, as long as the fund is coming from your discretionary the risk is okay.

If investors are ongoingly acumulating Bitcoin with their discretionary income, do you think that preparing to buy the dip is necessary especially if such investors are buying through the DCA strategy? or are you not clear on the meaning of the DCA strategy, if the DCA strategy is said to be a strategy that we can use in acumulating Bitcoin consistently without minding the price of Bitcoin at any point, doesn't that tell you that, with the DCA method, we can buy during the dip and everytime, It is not ideal to prepare for the dip when you are buying steadily, and why do some of us keep mentioning the dip when the DCA strategy still covers it, we can be agressive at anytime not necessarily during the dip.

There is no need to prepare for the dip when accumulating of bitcoin is done with DCA strategy.  DCA strategy is one that is used in buying bitcoin at all tkme irrespective of whether the market is low or high.  The only thing that obe should be prepared for is to buy bitcoin. Those who prepare to buy bitcoin in the dip are only those who are only interested in the dip but as for those who understands the act of buying bitcoin will never take buying bitcoin at the dip as something so serious because they are already used to buying bitcoin at all time. The dip is good to take advantage to buy bitcoin but their is no point waiting and preparing to buy the dip.

[Agathamay]

Discretionary income is very important in our Bitcoin investment because without it we can't be able to invest, while investors are busy accumulating their Bitcoin they should also make some funds available for the Dip if they are interested in doubling or been aggressive anytime the price Dip. And I see Dip as a big opportunity for those investors who  are ready for it and being aggressive when there is Dip doesn't mean you are taking much risk, as long as the fund is coming from your discretionary the risk is okay.

If investors are ongoingly acumulating Bitcoin with their discretionary income, do you think that preparing to buy the dip is necessary especially if such investors are buying through the DCA strategy? or are you not clear on the meaning of the DCA strategy, if the DCA strategy is said to be a strategy that we can use in acumulating Bitcoin consistently without minding the price of Bitcoin at any point, doesn't that tell you that, with the DCA method, we can buy during the dip and everytime, It is not ideal to prepare for the dip when you are buying steadily, and why do some of us keep mentioning the dip when the DCA strategy still covers it, we can be agressive at anytime not necessarily during the dip.

There is no need to prepare for the dip when accumulating of bitcoin is done with DCA strategy.  DCA strategy is one that is used in buying bitcoin at all tkme irrespective of whether the market is low or high.  The only thing that obe should be prepared for is to buy bitcoin. Those who prepare to buy bitcoin in the dip are only those who are only interested in the dip but as for those who understands the act of buying bitcoin will never take buying bitcoin at the dip as something so serious because they are already used to buying bitcoin at all time. The dip is good to take advantage to buy bitcoin but their is no point waiting and preparing to buy the dip.

I understand what you guys are saying which is totally correct but I also think what @showlove01 is saying isn't also a bad idea because we do remember that, there are several technique and strategy for accumulating bitcoin which one of them is the DCA Strategy which is commonly preferable one because of the freedoms it comes with and there's another strategy that requires you to time the market and only dip during the dip which is a very profitable technique but not always an easy one but as a smart investor, while we DCA, it wouldn't be a bad idea to also keep discretionary funds for emergencies and just as we set aside these funds, we can also set aside some amount of money preferably in usdt so when the opportunity comes, it can be taken because you will also agree with me that as we DCA, there might be a sweet opportunity that might present itself as a dip and we might miss out of it simply because we don't have any money left to buy but with these strategy of buying the dip even while practicing DCA wouldn't be a bad idea or don't you guys think so?

[Hardyrobust]

Discretionary income is very important in our Bitcoin investment because without it we can't be able to invest, while investors are busy accumulating their Bitcoin they should also make some funds available for the Dip if they are interested in doubling or been aggressive anytime the price Dip. And I see Dip as a big opportunity for those investors who  are ready for it and being aggressive when there is Dip doesn't mean you are taking much risk, as long as the fund is coming from your discretionary the risk is okay.

If investors are ongoingly acumulating Bitcoin with their discretionary income, do you think that preparing to buy the dip is necessary especially if such investors are buying through the DCA strategy? or are you not clear on the meaning of the DCA strategy, if the DCA strategy is said to be a strategy that we can use in acumulating Bitcoin consistently without minding the price of Bitcoin at any point, doesn't that tell you that, with the DCA method, we can buy during the dip and everytime, It is not ideal to prepare for the dip when you are buying steadily, and why do some of us keep mentioning the dip when the DCA strategy still covers it, we can be agressive at anytime not necessarily during the dip.

There is no need to prepare for the dip when accumulating of bitcoin is done with DCA strategy.  DCA strategy is one that is used in buying bitcoin at all tkme irrespective of whether the market is low or high.  The only thing that obe should be prepared for is to buy bitcoin. Those who prepare to buy bitcoin in the dip are only those who are only interested in the dip but as for those who understands the act of buying bitcoin will never take buying bitcoin at the dip as something so serious because they are already used to buying bitcoin at all time. The dip is good to take advantage to buy bitcoin but their is no point waiting and preparing to buy the dip.

The best approach is to be using the DCA strategy as the main strategy while buying of dip can be done with nescarily waiting for a dip to occur before buying. So I don't think if it is wrong for someone that is using the DCA strategy as his or her main strategy to be setting aside some funds for buying the dip. This way they won't have to wait or time the market they are buying bitcoin consistently using the DCA strategy as their main strategy while setting aside some percentage of their discretionary income for buying the dip whenever it occurs.

[JayJuanGee]

[edited out]

I understand what you guys are saying which is totally correct but I also think what @showlove01 is saying isn't also a bad idea because we do remember that, there are several technique and strategy for accumulating bitcoin which one of them is the DCA Strategy which is commonly preferable one because of the freedoms it comes with and there's another strategy that requires you to time the market and only dip during the dip which is a very profitable technique but not always an easy one but as a smart investor, while we DCA, it wouldn't be a bad idea to also keep discretionary funds for emergencies and just as we set aside these funds, we can also set aside some amount of money preferably in usdt so when the opportunity comes, it can be taken because you will also agree with me that as we DCA, there might be a sweet opportunity that might present itself as a dip and we might miss out of it simply because we don't have any money left to buy but with these strategy of buying the dip even while practicing DCA wouldn't be a bad idea or don't you guys think so?

Maybe you should explain a bit more about how you are going to supposedly take advantage of such supposed "sweet opportunity" of the supposed dip that may or may not end up happening.

Give us more, and perhaps you can try to frame it in light of the various concepts of this thread.

What is this hypothetical guy's income, expenses and how long has he been accumulating bitcoin?  How does he employ the various strategies of DCA, lump sum and dip buying?  Do you consider him to be aggressive or whimpy? Is his bitcoin buying approach applicable to anyone or just to him?

Go on.  Explain how is such strategies going to play out.  Does he have back up funds, such as emergency funds and reserves, and how long has he been building them?  Did he have them when he started buying bitcoin and how did he balance out his bitcoin buying and his building up of his back up funds?  Did it take him time to do it, or is he still in the process of building up his back up systems (practices) and explain why it is so great in regards to what he is doing and supposedly "sweet" as opposed to a system that might not be holding back value to buy dips (that might not happen). 

If you measure what the dip buying guy is doing as compared with a guy who is not structuring his bitcoin buying in ways that emphasize buying dips, does the dip buying guy come out in a better position as compared with the non-dip buying guy, or are you just making shit up and assuming dip buying to be better because it makes the dip buying guy (and you) to feel more better?

[Agathamay]

[edited out]

I understand what you guys are saying which is totally correct but I also think what @showlove01 is saying isn't also a bad idea because we do remember that, there are several technique and strategy for accumulating bitcoin which one of them is the DCA Strategy which is commonly preferable one because of the freedoms it comes with and there's another strategy that requires you to time the market and only dip during the dip which is a very profitable technique but not always an easy one but as a smart investor, while we DCA, it wouldn't be a bad idea to also keep discretionary funds for emergencies and just as we set aside these funds, we can also set aside some amount of money preferably in usdt so when the opportunity comes, it can be taken because you will also agree with me that as we DCA, there might be a sweet opportunity that might present itself as a dip and we might miss out of it simply because we don't have any money left to buy but with these strategy of buying the dip even while practicing DCA wouldn't be a bad idea or don't you guys think so?

If you measure what the dip buying guy is doing as compared with a guy who is not structuring his bitcoin buying in ways that emphasize buying dips, does the dip buying guy come out in a better position as compared with the non-dip buying guy, or are you just making shit up and assuming dip buying to be better because it makes the dip buying guy (and you) to feel more better?

I'm not writing to feel good or make anyone feel good but I'm just trying to see things from a totally different perspective and I don't know if you got my message properly as I checked and there were some typos which is my bad but in this stance I'm not trying to compare the DCA technique with buying the dip but rather what I'm saying is that, one can simply practice the both techniques and what i mean is that, we can still be stacking up using the DCA while still having their emergency funds kept aside and when an opportunity of dip arises, the emergency funds can be pushed into buying the coin at a more cheaper price and getting more bitcoin for a lesser price.

Don't know if I explained this well but I hope I did and in summary, I'm just trying to picture the possibility of incorporating the DCA technique with buying dip technique to achieve much more profitable results.
 

[Nwaswago]

That true, this because  if people are going to wait until they have fully gather their emergency funds first before now decide on buying Bitcoin, they might end up not starting. Most especially this days how inflation eats up fiat money.
For a normal earner the most practical thing to do is for you to just build up the both at the same time. Juat a strategy of dividing what soever extra money you have each month. Some of the part into Bitcoin while the other for emergency backup funds.

With this strategy you are already protecting urself from unexpected expense today while on the other hand still securing your Bitcoin for long term wealth. It will be a waste of valuable time if deciding on to be perfect before starting the other.

It is important to have a clear decision to invest without any excuses. People try to move forward financially through their hard work, but they can also do so through extra work. Along with investing, they can also meet the basic needs of their family and create an emergency fund. Because financial clarity is essential to move forward in investing in the long term; it is not impossible, it will come through extra work. It is not uncommon to face sudden dangers in life. It can happen to more or less everyone, but at that time, there may be a need for cash that may exceed the limits of your emergency fund, then it may become mandatory to let go of your accumulated assets. Therefore, it is important to ensure your financial security through hard work and not through excuses. Waiting for the perfect time is just a waste of time, so it is necessary to maintain consistency in investing.

I know that waiting for the perfect financial position can become an excuse for never starting. However, I think the balance matters is to build financial security and invest within your actual surplus at the same time, rather than sacrificing one for the other.Even a small, consistent allocation toward Bitcoin can build the habit while an emergency reserve grows alongside it. The goal isn't to invest as quickly as possible; it's to create a plan you can sustain without being forced to sell when an unexpected expense arrives.Consistency matters, but consistency without financial stability can become a liability.

[JayJuanGee]

[edited out]

I understand what you guys are saying which is totally correct but I also think what @showlove01 is saying isn't also a bad idea because we do remember that, there are several technique and strategy for accumulating bitcoin which one of them is the DCA Strategy which is commonly preferable one because of the freedoms it comes with and there's another strategy that requires you to time the market and only dip during the dip which is a very profitable technique but not always an easy one but as a smart investor, while we DCA, it wouldn't be a bad idea to also keep discretionary funds for emergencies and just as we set aside these funds, we can also set aside some amount of money preferably in usdt so when the opportunity comes, it can be taken because you will also agree with me that as we DCA, there might be a sweet opportunity that might present itself as a dip and we might miss out of it simply because we don't have any money left to buy but with these strategy of buying the dip even while practicing DCA wouldn't be a bad idea or don't you guys think so?

If you measure what the dip buying guy is doing as compared with a guy who is not structuring his bitcoin buying in ways that emphasize buying dips, does the dip buying guy come out in a better position as compared with the non-dip buying guy, or are you just making shit up and assuming dip buying to be better because it makes the dip buying guy (and you) to feel more better?

I'm not writing to feel good or make anyone feel good but I'm just trying to see things from a totally different perspective and I don't know if you got my message properly as I checked and there were some typos which is my bad but in this stance I'm not trying to compare the DCA technique with buying the dip but rather what I'm saying is that, one can simply practice the both techniques and what i mean is that, we can still be stacking up using the DCA while still having their emergency funds kept aside and when an opportunity of dip arises, the emergency funds can be pushed into buying the coin at a more cheaper price and getting more bitcoin for a lesser price.

Don't know if I explained this well but I hope I did and in summary, I'm just trying to picture the possibility of incorporating the DCA technique with buying dip technique to achieve much more profitable results.

Back up funds tend to be labelled as emergency funds and reserve funds, so emergency funds would not tend to be used for buying dips, since buying dips is not an emergency.  Emergencies are when income goes down and/or expenses go up in such a way that there is not enough income to cover the expenses, so if the reserve funds and all other back up funds are used, then emergency funds would be the last wall of defense prior to tapping into bitcoin.

This is also not an "anything goes" thread, since we are talking about my investment related ideas, and of course, you do not have to agree with me, but you should be able to phrase things in ways that are within the ways that bitcoin investing and cashflow management has been being discussed in the thread.

Of course, I consider buying the dip to be an inferior strategy as compared with DCA (which is regularly and persistently buying bitcoin), and I find it problematic that you are trying to sell buying the dip as if there were some kind of meaningful insight to your ways of thinking about how to supposedly improve your bitcoin accumulation - presuming that you are accumulating bitcoin for investment purposes rather than intending to trade the bitcoin that you buy.

I also asked you several questions in my response to your post in order to attempt to get you to explain how your hypothetical guy (perhaps referring to yourself) is going to end up carrying out his dip buying practices while potentially also engaging in DCA and perhaps lump sum buying too.., but you did not respond to any of that.. so I am having troubles understanding how you are even trying to engage in the topic of this thread rather than imposing your own ideas without even fleshing them out and without even trying to frame them in ways that are within the ways that we have already been talking about bitcoin investing in this thread.

Have you read any of the thread?  Or you just think this is a place that you can throw out random ideas, and act as if you are being innovative when we have already spent quite a bit of time in discussions about how buying the dip tends to even be inferior to regular DCA.  Do you have anything that actually engages to show how you believe that it would work out, or you want to argue your points in terms of conclusions without really showing why you think that you have such a supposedly wonderful perspective in regards to supposedly better ways to accumulate bitcoin?

[eXo_coin]

I know that waiting for the perfect financial position can become an excuse for never starting. However, I think the balance matters is to build financial security and invest within your actual surplus at the same time, rather than sacrificing one for the other.Even a small, consistent allocation toward Bitcoin can build the habit while an emergency reserve grows alongside it. The goal isn't to invest as quickly as possible; it's to create a plan you can sustain without being forced to sell when an unexpected expense arrives.Consistency matters, but consistency without financial stability can become a liability.

A person's progress can be seen from their persistence, which becomes an experience for us in carrying out every activity. This is one thing that shouldn't be done by those who won't start if their finances are limited or imperfect.

And if this continues, I think there's no way to improve themselves at all. They argue that they have to be perfect before they can participate in activities. If they're still imperfect, they'll never start let alone think about trying to improve their future. Sometimes, it's only through effort that they achieve maximum results. And this is one of the parties who do not want to have the slightest burden in life so that they do not have the enlightenment to be able to try what they think about the next life for them too.

[B-BossMan]

Many normal people are not in the practice of investing, and it is not because they are dumb, but instead because they are not taking actions on a regular basis because they have false beliefs about their needing to have lump sum amounts in order to be able to advantage from investing, so their own mindset will tend to limit their abilities to take advantage of the power of bitcoin.

Bitcoin provides opportunities to both invest in small amounts, but also opportunties to learn as you go.  

Of course, there may well be no need to invest in small amounts in those cases where large amounts are already available, yet it can be quite problematic for bitcoin newbies to believe that the mere fact that they have a large amount that is either available (or they can get access to it) that they should put the large amount into bitcoin right away.  Even for guys with large amounts, there may be value in trying to both be strategic with the amount but also to get used to buying bitcoin regularly with smaller amounts so that they can get accustomed to both the practice of buying bitcoin regularly and to really feel how it affects them financially and psychologically to be locking up money for 4-10 years or longer... so even if they have lump sums it might not be to their advantage to put it all in at once or to strategize with dips in regards to that money.

But, getting back to the earlier point about guys not tending to have much if any lump sums available to them, that tends to be the reality that an overwhelming majority of normal people have to work with, and they are going to tend to be way better off in getting started by looking at what income that they regularly have coming in and then to build both bitcoin and back up funds at the same time, while making sure that they have some reasonable amount that is regularly allocated to discretionary consumption too.. even if they might have periods in which they are trying to not discretionarily consume, the reality of the matter is that it becomes quite difficult to not discretionarily consume at least some amount in order to preserve and make relationship, which most of us need to have in our lives in order to stay sane, productive and even self-confident with a sense of life-purpose.

You have a point, what kills many people is actually not lack of intelligences but the dirty mindset of thinking that investing into bitcoin requires huge amount of funds, or till they become rich so that they will waite for lump sum, which may never comes thier way. Bitcoin has made everything easier for us, we don't actually need to be a rich before we can invest in it, it's just only requires consistency and patience, because with these we can truly think wisely on when to buy or what to begin with, either 10k weekly or more, as you begin and understand the market then you holding for long-term. Don't be surprised that some guy with even huge money messed up easily in thier entire life, especially when they invest everything at once, they have the funds but poor mindset. Example, if me and my friend are earning like 400k monthly, my friend is waiting to accumulate like 2m to purchase bitcoin at once, while i begins with 20k per week from my salary and keep like 20k for any emergencies. After a year my friend may end up with nothing and I have already stacking like 0.012 bitcoin, so learning to  hold through the dips is fine and I still have my emergency funds intact again.

[Barikui1]

Snip

I'm not writing to feel good or make anyone feel good but I'm just trying to see things from a totally different perspective and I don't know if you got my message properly as I checked and there were some typos which is my bad but in this stance I'm not trying to compare the DCA technique with buying the dip but rather what I'm saying is that, one can simply practice the both techniques and what i mean is that, we can still be stacking up using the DCA while still having their emergency funds kept aside and when an opportunity of dip arises, the emergency funds can be pushed into buying the coin at a more cheaper price and getting more bitcoin for a lesser price

What's the essence of having an emergency funds in place kept for emergency purposes if you are using it to buy the dip?
Or don't you know that by doing such, you are not only exposing your entire Bitcoin portfolio, but you are gambling with it, forgetting that if emergency situation comes up that particular moment, you will be forced to sell prematurely?
At that point your investment have no security to protect it from emergency situation that particular moment, so it's an act you should desist from, because it's an act of gambling with your entire Bitcoin portfolio, which is entirely wrong.

If you intend buying the dip when the opportunity present itself, when you are already accumulating consistently through the dca accumulating strategy, you should be doing it with your reserve funds, not your emergency funds as you are proclaiming.

[Ashawowo(OS)]

If investors are ongoingly acumulating Bitcoin with their discretionary income, do you think that preparing to buy the dip is necessary especially if such investors are buying through the DCA strategy? or are you not clear on the meaning of the DCA strategy, if the DCA strategy is said to be a strategy that we can use in acumulating Bitcoin consistently without minding the price of Bitcoin at any point, doesn't that tell you that, with the DCA method, we can buy during the dip and everytime, It is not ideal to prepare for the dip when you are buying steadily, and why do some of us keep mentioning the dip when the DCA strategy still covers it, we can be agressive at anytime not necessarily during the dip.

For a no coiner and a low coiner, making preparations for the dip while you show less commitment to your regular buys is discouraged since you've no descent stash and should be more focused on ongoing buying and holding Bitcoin to get ahead in your investment journey, again people who are still much early in their accumulation journey tend to be distracted easily when they try to play around the price instead of committing to consistently enlarging their portfolio. It may see them veer off in the trading direction as gambling on the price can be addicting and they miss out on having a good Bitcoin portfolio.

If peradventure the investor has already accumulated a large stash of Bitcoin and is much closer to his accumulation target, such an investor can choose to only buy dips and continue holding while he keeps edging closer to his accumulation target.

[Rockstarguy]

I understand what you guys are saying which is totally correct but I also think what @showlove01 is saying isn't also a bad idea because we do remember that, there are several technique and strategy for accumulating bitcoin which one of them is the DCA Strategy which is commonly preferable one because of the freedoms it comes with and there's another strategy that requires you to time the market and only dip during the dip which is a very profitable technique but not always an easy one but as a smart investor, while we DCA, it wouldn't be a bad idea to also keep discretionary funds for emergencies and just as we set aside these funds, we can also set aside some amount of money preferably in usdt so when the opportunity comes, it can be taken because you will also agree with me that as we DCA, there might be a sweet opportunity that might present itself as a dip and we might miss out of it simply because we don't have any money left to buy but with these strategy of buying the dip even while practicing DCA wouldn't be a bad idea or don't you guys think so?

If you measure what the dip buying guy is doing as compared with a guy who is not structuring his bitcoin buying in ways that emphasize buying dips, does the dip buying guy come out in a better position as compared with the non-dip buying guy, or are you just making shit up and assuming dip buying to be better because it makes the dip buying guy (and you) to feel more better?

I'm not writing to feel good or make anyone feel good but I'm just trying to see things from a totally different perspective and I don't know if you got my message properly as I checked and there were some typos which is my bad but in this stance I'm not trying to compare the DCA technique with buying the dip but rather what I'm saying is that, one can simply practice the both techniques and what i mean is that, we can still be stacking up using the DCA while still having their emergency funds kept aside and when an opportunity of dip arises, the emergency funds can be pushed into buying the coin at a more cheaper price and getting more bitcoin for a lesser price.

Don't know if I explained this well but I hope I did and in summary, I'm just trying to picture the possibility of incorporating the DCA technique with buying dip technique to achieve much more profitable results.
 

@Agathamay, I believe you meant to say to buy Bitcoin with discretionary funds, but what I see here is an emergency fund. I guess this could be a mistake, but if you really mean to buy Bitcoin with an emergency fund, this is not a good practice and will never yield good results. The discretionary fund is meant for buying Bitcoin, and the emergency fund should be left for solving emergencies. People need to be disciplined and keep their focus on it, not think that if there is no emergency, it can be used for buying Bitcoin. It is good to never start it because once it has been considered, it becomes a pattern used for buying Bitcoin.

As for buying Bitcoin using the DCA strategy, if dips occur, more Bitcoin will be bought. The most important thing is to prioritize buying Bitcoin consistently using the DCA strategy.