JJG’s Outline of Bitcoin Investment Ideas

[NewRevelation]

I think you are right, DCA is a viable strategy for D4LITP investors, as no need to speculate the bottom of the market. The market will at some point go down, and that way, the investors can buy dollars worth of Bitcoins at different levels. But I think also that keeping some more cash ready during dips might be advantageous, too. In any case, I believe that a mix of DCA and buying dips if possible is good for the long run. The major thing is to be consistent and patient.

If one is consistently accumulating Bitcoin, then buying the dip is nothing to talk about because there is no way Bitcoin won't be bought. The most important thing is to adopt a DCA strategy to invest in Bitcoin; it will help one buy Bitcoin regardless of the price. Investors who focus on accumulating Bitcoin consistently buy in every dip, while those who are overly concerned about the dip may ignore some dips, especially when there is an event affecting the market. They may think the price of Bitcoin will dip further just to buy at the bottom, but consistent investors using the DCA strategy don't discriminate in their buying.

DCA strategy is a method that helps an investor maintain investment continuity in any market situation. Those who follow the DCA strategy usually do not make investment decisions based on emotions; rather, they continue to deposit BTC regularly according to their own set plan. In my opinion, if an investor invests a large amount of money at once, he can quickly accumulate a large amount of BTC. However, an investor using DCA can gradually build his portfolio and maintain investment discipline even during market fluctuations. Most importantly, he can focus on long-term goals and manage investments according to his own plan without worrying too much about short-term price changes.

If you can afford to buy Bitcoin with a large sum of money, you can but we give more importance to the DCA method for building a long term Bitcoin portfolio. Wealthy individuals can afford to do a lump sum. It is convenient for average or poor investors to accumulate Bitcoin in the DCA method. Many do not have the available fund or do not want to take risks because there is no way to predict which way the market will go. By using discretionary income, you can accumulate Bitcoin without forcing your financial capacity. Those wealthy investors can accumulate Bitcoin using any method they want. DCA method is the easiest for a new investor who is still poor and has a decent amount of financial capacity.

The only reason why we tend to associate the poor or low income earners to the DCA more is that, since there income flow is not strong or does not come regular, they can manage there income by investing as they can afford at any given time, and possibly, when they have an increased income, they can as well increase there DCAing, else, the DCA is a universal strategy, meaning that it's for everybody, both the rich, wealthy and the low class or poor.

A wealthy man can as well just have a strict running DCA, accumulating always, so also the average investor and who ever. The DCA is just perfect to help everyone no matter your financial state to buy Bitcoin as you can.

[Baki202]

DCA strategy is a method that helps an investor maintain investment continuity in any market situation. Those who follow the DCA strategy usually do not make investment decisions based on emotions; rather, they continue to deposit BTC regularly according to their own set plan. In my opinion, if an investor invests a large amount of money at once, he can quickly accumulate a large amount of BTC. However, an investor using DCA can gradually build his portfolio and maintain investment discipline even during market fluctuations. Most importantly, he can focus on long-term goals and manage investments according to his own plan without worrying too much about short-term price changes.

DCA is one of the strategies that investors use the most because, if you want to hold for a long time and if you want to accumulate, then the best way is to make use of DCA. After all, for those who have the intention of being a holder, you will have to strategize before you become a holder you will need to use your discretionary income, and if you have a very high discretionary income, that's why you need to have a plan.

You need things to have plans, like emergency funds, because when you have emergency funds, you will not end up selling what you have, have so it will be best for you to have it, and that is why the DCA is for building and emergency is for sustenance.

[Charcol]

As a long term bitcoin investor, you don't need to monitor the market because it will be a distraction for you to focus on your ongoingly buying bitcoin with DCA. There's nothing monitoring the market will add to your portfolio and it's for traders not for long term investors.

If you are monitoring the market, it might affect you emotionally and lead to wrong decisions which can make you regret your actions. Have a bitcoin target and stay focused on reaching your bitcoin target. Look for means to increase your income and the amount you are using to DCA.

No, I do not agree with this. You are doing DCA you are not focusing on just buying more you also target when the price is at your advantage (dip) because the amount you use to buy let's say 00234 BTC at 30k will not be the amount you get 00234 BTC when the price is at 15k. You already made up your mind for long term when you decided to focus on DCA method so if the market price drops or increases there is no way you will not notice unless you are not being consistent with your DCA.

Of course, you can get more Bitcoin for the same amount of money at a lower price. But there is an important difference. Buying Bitcoin at regular intervals and buying more when the price drops are two different decisions. Pursuing one does not necessarily preclude the other.

I assume that you allocate a certain amount of money each week to buy Bitcoin after meeting your essential expenses. Whether the market price drops or rises, you continue to buy according to your ability. Now, if the market price drops significantly in a given week and you have extra investable money, you can buy a little extra in addition to your regular purchases. But the problem is when you start saving up your regular purchases in the hope of buying at an extra low price. The opportunity to buy more should not be seen as an alternative to regular accumulation.

[Alonso_]

I agree with you, for those who invest in Bitcoin for the long term, it is more important to monitor the daily market price and pay attention to their financial situation. And if you invest regularly in the DCA method, the impact of price fluctuations can be somewhat managed. However, the investment amount should be such that it is not a problem to invest a small amount from your necessary expenses and the discretionary income that is left after putting it in an emergency fund.

As a long term bitcoin investor, you don't need to monitor the market because it will be a distraction for you to focus on your ongoingly buying bitcoin with DCA. There's nothing monitoring the market will add to your portfolio and it's for traders not for long term investors.

If you are monitoring the market, it might affect you emotionally and lead to wrong decisions which can make you regret your actions. Have a bitcoin target and stay focused on reaching your bitcoin target. Look for means to increase your income and the amount you are using to DCA.

However as an investor in bitcoin, it’ would be better to just focusing on buying bitcoin when you have a discretionary income, instead of monitoring the market, and I don’t think that someone who always monitors the market is a long term holder or investor, it’s mostly traders who frequently monitor the market for quick gains, a long term investor wouldn’t have the time to keep monitoring the market, instead they will steadily focus on buying bitcoin and focus on having a discretionary income with different financial management to help to increase their amount of accumulation with also establishing different cashflow.

[Rockson1]

I agree with you, for those who invest in Bitcoin for the long term, it is more important to monitor the daily market price and pay attention to their financial situation.

What are you monitoring on a daily bases, maybe you want to put yourself on panic that can force you to sell, perhaps you do not know tagg monitoring the market all the time has a way of affecting your mind and making you to make some decisions that you might regret later, I'm not against looking at the price from time to time after all that is how we know the price of Bitcoin but I do not buy the idea of checking the price on daily, what for exactly, as a long-term investor or investors, our primary concern is to make sure we constantly have our discreationary income to keep acumulating of Bitcoin with the help of the DCA strategy constantly, looking at the market every day does not change anything and instead of that, I advise you do put that energy in building a bulky portfolio and maybe check price once in a while, don't make it a daily routine.

[Qhunman]

Are you telling me that you don’t know what the bitcoin price is currently as an investor? or you don’t  just stay sometimes out of curiosity, and  check the price of bitcoin? Both investors and traders can check on bitcoin daily prices. The only difference is that investors don’t allow the market price to detect for them when to buy and when not to buy bitcoin. Traders are the ones that allow the market prices detect when they are to buy and when not to buy.

Majority of us here that are into long term investment know the current prices of bitcoin on daily basis. Some of us have apps that notify us about bitcoin prices on daily basis. You don’t need to glue your eyes on the market charts to know the price of bitcoin. Knowing bitcoin daily prices, is different from relying on the daily prices movement to make investments decision.

The mentality of an investor and a trader is different. Their strategy of approaching and how they make profit in bitcoin is also not the same. A trader has to be updated on the price of bitcoin daily so he can know the right timing to trade, but  investors doesn't give priority to the price of bitcoin and they don't need to be visiting the market on a daily basis or set an app notifier to update them on the price because they are DCAing and only buys when they have discretionary income. So they don't need to be visiting market to check the price everyday.

If you're investing in the long term, you don't need an app notification to know when to invest in bitcoin because it's not necessary, instead  you need just your discretionary income and apply DCA to invest.  DCA eliminate the need to check prices before buying.