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.

[Merit_x]

Cashflow management is a kind of basic skill that a lot of people learn, practice, repeatedly practice, make mistakes and hopefully learn from their mistakes (and hopefully their mistakes are not so BIG that they end up ruining themselves.  The fact of the matter is that many normal purposefully strive to be sufficiently conservative in their finances so that they do not ruin themselves and that they always have enough money to cover their basic expenses.. and sure sometimes they might have to struggle to make sure that they don't run out of money.. so then if they invest (including investing in bitcoin), that investment money gets set aside (not to be spent for 4-10 years or longer), and it can be quite challenging to adapt to having money on the side (that could be accessed) that is purposefully being taken out of current availability in order to be held for a time in the future that may or may not end up playing out as expected.

People sometimes overlook this, and any investment also requires some changes based on how we relate to money, especially bitcoin accumulators they need to understand that when they are try to invest into bitcoin, they should also understand how to manage their money properly, so that it doesn’t affect their present financial situation. Because some folks fine it very difficult to put their funds away for years. because they only think about what money can do for them today, especially when things that they don’t expect happen. I think bitcoin accumulators should understand that buying consistently is one thing, but being financial comfortable to leave your bitcoin investment is another thing entirely. At least we should be able to take care of our basic needs while gradually building something for tomorrow.

Cashflow management is very important when it involves buying Bitcoin, if you don’t manage your cashflow I don’t think it would be possible to allocate a discretionary income, assuming you’re spending money irresponsibly and you don’t manage your cash flow you will might end up not having a discretionary income, which I think management of cashflow is very essential in term of buying and holding bitcoin for the the long term, if we have to stay consistent then we need to have a good cashflow management. So I feel that is a part we shouldn’t neglect for the long term buying and accumulating of bitcoin.

[Cgrexp]

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.

An investor and a trader have different goals and mindsets. Price fluctuations are very important to a trader. His profit largely depends on when he buys and sells. He has to analyze the market regularly. And make decisions based on various signals. The goal of an investor is not to make a profit from daily price changes, but to gradually increase the amount of Bitcoin over a long period of time. The DCA method makes the investment process simple and plan-based. When you have extra money in hand after meeting necessary expenses and other financial obligations, you can collect Bitcoin with a fixed portion of that money. There is no need to set an exact time for this. Following a consistent plan according to your financial capacity is not about how much the price of Bitcoin changes every day.

[B2Z]

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.

Yes, I agree with your comment that DCA is not only for people with a certain income but for people with all incomes. In this investment strategy, investors generally maintain their investment continuity, that is, here investors do not decide based on the market price, but they decide consistently. Basically, an investor, whose initial plan was to deposit a lot of money at the same time and invest with his entire money, is a person of such thinking, but in this investment strategy, he is able to divide his total money into several parts and invest it continuously. On the other hand, people with low income can meet all their needs and purchase Bitcoin continuously with a certain amount (a part of discretionary income) that is not stressful for them. Overall, we can say that DCA investment is for all people.

[Saltysugar99]

Cashflow management is very important when it involves buying Bitcoin, if you don’t manage your cashflow I don’t think it would be possible to allocate a discretionary income, assuming you’re spending money irresponsibly and you don’t manage your cash flow you will might end up not having a discretionary income, which I think management of cashflow is very essential in term of buying and holding bitcoin for the the long term, if we have to stay consistent then we need to have a good cashflow management. So I feel that is a part we shouldn’t neglect for the long term buying and accumulating of bitcoin.

You keep saying the same thing over and  again about cashflow management. I myself know its importance in investing in bitcoin. But what are the things that should be given importance in the beginning when investing in bitcoin new investors should focus on that first. And I also doubt how much you properly understand what cashflow management actually means. First of all the most important part of cashflow management is to understand your income and expenses. You need to know how much money a person is earning every month and how much of that money is going towards rent, food, electricity, transportation, medical care and other necessary expenses. The money that is left after deducting these necessary expenses is his discretionary income. Before starting to invest in bitcoin you need to understand how much of your investment capacity is and how much of it will be used as DCA amount. The idea that just because you have discretionary income you should invest it completely in bitcoin is not correct. If a person does not have sufficient emergency funds or backup funds then a part of the discretionary income should be allocated to create them. And these things can be managed very easily and simply. So cashflow management does not mean creating many complex financial categories. Another important aspect of cashflow management is to have a realistic idea of ​​future income and expenses. Suppose you have planned to invest $40 in bitcoin every week. But if your income is irregular or your expenses suddenly increase then it will become difficult for you to keep a fixed $40 DCA. Then you should determine the amount of investment considering your upcoming expenses. It is good to invest $40 in a month, and it is not a problem to reduce it to $30 or $20 in a month. So I think cashflow management is not just about managing money to buy bitcoin but it helps you invest in bitcoin in accordance with your standard of living.

[Brizi5000]

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.

Yes I agree with you, DCA is one of the strategy used by long term bitcoin investors because it allows them to buy bitcoin irrespective of what the price is at that moment, what they only need is just to figure out a discretionary income and they’re good to go . Traders can’t afford this strategy, they rely on market timing which is still uncertain because the market is very unpredictable which is a big problem for them. Building up the emergency funds is crucial for a long term investor to protect his investment when he’s in an emergency situation. However, a newbie who doesn’t have an emergency funds ready shouldn’t delay getting started with bitcoin investment when he’s discretionary income is ready, they can get started and along the line start building the emergency funds and other backup funds using a part of his discretionary income.

[Jewan420]

Cashflow management is very important when it involves buying Bitcoin, if you don’t manage your cashflow I don’t think it would be possible to allocate a discretionary income, assuming you’re spending money irresponsibly and you don’t manage your cash flow you will might end up not having a discretionary income, which I think management of cashflow is very essential in term of buying and holding bitcoin for the the long term, if we have to stay consistent then we need to have a good cashflow management. So I feel that is a part we shouldn’t neglect for the long term buying and accumulating of bitcoin.

Investment is not ideal for irresponsible individuals. An investor needs to be skilled in financial management or cash flow and manage it seriously. Unnecessary spending and unaccountable financial cash flow management make it very difficult to provide discretionary funds. It can also lead to emergency situations and force us to intervene in the investment.

When we are involved in long-term investment in Bitcoin, our financial management becomes very important. It is not that you become frugal, but rather that the expenses you make do not go beyond your financial plan. You need to learn to spend every penny according to plan, then Bitcoin investment will end according to our plan. It is very difficult to be successful in long-term investment if you manage your cash flow irresponsibly.

[Baki202]

An investor and a trader have different goals and mindsets. Price fluctuations are very important to a trader. His profit largely depends on when he buys and sells. He has to analyze the market regularly. And make decisions based on various signals. The goal of an investor is not to make a profit from daily price changes, but to gradually increase the amount of Bitcoin over a long period of time. The DCA method makes the investment process simple and plan-based. When you have extra money in hand after meeting necessary expenses and other financial obligations, you can collect Bitcoin with a fixed portion of that money. There is no need to set an exact time for this. Following a consistent plan according to your financial capacity is not about how much the price of Bitcoin changes every day.

They actually have a different mindset, and traders have a mindset of wanting to make quick money compared to those who do not want to trade. They will have to go into buying and then holding, and there is nothing wrong with doing both trading and also holding for a long time, and another thing now is that those who want to invest and hold for a very long time, then you will have to do DCA, and then you will use your discretionary income so everything have to come from them.

And you can keep some portion of Bitcoin and then also trade, and you don't need to do too much when it comes to trading, and once your bills are settled, then the remaining money can be used for something serious because most people don't even know what to do.

[JayJuanGee]

Cashflow management is very important when it involves buying Bitcoin, if you don’t manage your cashflow I don’t think it would be possible to allocate a discretionary income, assuming you’re spending money irresponsibly and you don’t manage your cash flow you will might end up not having a discretionary income, which I think management of cashflow is very essential in term of buying and holding bitcoin for the the long term, if we have to stay consistent then we need to have a good cashflow management. So I feel that is a part we shouldn’t neglect for the long term buying and accumulating of bitcoin.

Investment is not ideal for irresponsible individuals. An investor needs to be skilled in financial management or cash flow and manage it seriously. Unnecessary spending and unaccountable financial cash flow management make it very difficult to provide discretionary funds. It can also lead to emergency situations and force us to intervene in the investment.

When we are involved in long-term investment in Bitcoin, our financial management becomes very important. It is not that you become frugal, but rather that the expenses you make do not go beyond your financial plan. You need to learn to spend every penny according to plan, then Bitcoin investment will end according to our plan. It is very difficult to be successful in long-term investment if you manage your cash flow irresponsibly.

Many of us likely know people who are constantly having financial emergencies due to their own lack of organization and lack of preparing in advance and perhaps even lack of discipline in terms of how much they spend in light of the income that they have and other expenses that they have to pay in the near-term.

Many times individuals can learn how to become more organized and disciplined with practice and paying attention, and sure some people learn more easily than others...and of course, many of us know that if we are buying bitcoin on a regular basis (such as weekly), then there is some need to prepare for those weekly buys to make sure that we still have enough money to make it until our next paycheck, and at the same time, many of us realize that there is value to ongoingly build up a reserve of back up cash that allows us to make sure that we make it to the next paycheck, but also to make sure that we are able to make it through several weeks (and even building up to several months) of time in which our income might have gone down and/or our expenses might have gone up.

[MusaPk]

Aggressiveness level remains a choice that each of us has.

Sure, we can proclaim that the more aggressive we are in buying bitcoin, then the more likely that we will profit in the future from our bitcoin investment, and accordingly we would presume that bitcoin prices will continue to go up... yet in the end, each person has to decide.

I frequently suggest that guys "should" try to invest in bitcoin as aggressively as they can without over doing it.

There is a difference between the use of the term "should" and "must."  Ultimately, when it comes to how whimpy or aggressive we are in the way that we buy bitcoin and in the way that we manage our cashflows, each of us chooses, and we are responsible for our choices.

This is true because in the end its your personal financial capacity that decides whether you will remain whimpy or aggressive in your Bitcoin accumulation. As we have seen that if a person falls in Hypo-15 (many of us fall in this category in the start) then he needs to be aggressive because he not only has to gather bitcoins but also build his emergency funds.

Also by just looking at the capital of a person we can't say whether he is whimpy or aggressive because there are people who can spare 100$ per week from their net income and they are investing all that in Bitcoin while there are people who can invest 1000$ per week into Bitcoin yet they decide to spend only 500$ per week due to their own reasons. We can't say person who is investing 100$ is whimpy rather he is aggressive in his approach because he is investing what all he has at its disposal.  

[Gragebox]

Many of us likely know people who are constantly having financial emergencies due to their own lack of organization and lack of preparing in advance and perhaps even lack of discipline in terms of how much they spend in light of the income that they have and other expenses that they have to pay in the near-term.

Many times individuals can learn how to become more organized and disciplined with practice and paying attention, and sure some people learn more easily than others...and of course, many of us know that if we are buying bitcoin on a regular basis (such as weekly), then there is some need to prepare for those weekly buys to make sure that we still have enough money to make it until our next paycheck, and at the same time, many of us realize that there is value to ongoingly build up a reserve of back up cash that allows us to make sure that we make it to the next paycheck, but also to make sure that we are able to make it through several weeks (and even building up to several months) of time in which our income might have gone down and/or our expenses might have gone up.

The investor has to adopt another one of the important habits and that is wise money management, particularly if he or she is using the approach for buying bitcoin on a regular basis. While the weekly schedule of DCA is a must, it is even more important to manage the expenses on daily basis and to be prepared for the emergencies.

I believe that an emergency fund is another matter that should be managed together with investments. No matter what income is always stable, we are all subject to random and unforeseen expenses related to our health, our work or our personal circumstances, and if we don't save enough, we will be forced to sell our coins at the worst time.

The second point is that when you are investing, your decision should not be based on your future income but based on your current financial standing. You should calculate your expenditure, and set aside money for leisure activity before you start investing the surplus cash.

Bitcoin discourages patience, but finances discipline offsets this.

[Rabata]

You are right because since you are building your investment on the long term, you don't need to be monitoring the price or getting concern about whether the price is rising or fallen at any moment. That is none of your business, so why getting concerned about things that could be a distraction to your ongoing long-term accumulation or could make you to start thinking about selling your stash?  Since price movement don't slow your ongoing accumulation or prevent you from accumulating bitcoin, the best thing to do is to concentrate on your ongoing accumulation, focus on figuring out your discretionary income, build your emergency fund alongside your investment to protect it from unexpected occurrence.  Your concern is to be building your investment using your discretionary income and DCA as well as having your emergency fund put in place to secure your investment against Emergency.

That long term investors should not be affected by short. Term price moves in all investments. But I think that it still makes sense to review their finances from time to time. Dca can level out the highs and lows. But investors should also take into account adjustments in their income. Expenses and emergency savings. If a person is in a pinch for cash. For instance they might have to postpone buying. And not sell their existing Bitcoins at a loss. Long term investing is not only about riding out. The storms of the market it's also about being able to keep your money in the market without having to sell it when the market is bad.

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.
If financial pressure arises, temporarily closing the DCA is not a failure, but sometimes it can be a good decision. Because it is not only how much we are investing to hold our Bitcoin, it is also very important to be financially stable.

If you are a long-term investor, it is certainly important to monitor your income, expenses, and discretionary income. But watching the price of Bitcoin every day is not essential for your regular buying plan. Because monitoring the market and checking your financial capacity are not the same thing. I do not think they need to be given the same importance.

You get a certain amount of discretionary income every week after meeting all your expenses. From that, you allocate a part for regular purchases and if your plan is long-term, then what additional benefit do you get by monitoring the market price every day?

Even if the market price drops today, it may increase or decrease further next week. Seeing these changes every day may create a tendency to unnecessarily interfere with your predetermined plan. But you buy regularly with the intention that you do not have to guess the correct market price for each purchase.

[Cyber_warrior]

Many of us likely know people who are constantly having financial emergencies due to their own lack of organization and lack of preparing in advance and perhaps even lack of discipline in terms of how much they spend in light of the income that they have and other expenses that they have to pay in the near-term.

Many times individuals can learn how to become more organized and disciplined with practice and paying attention, and sure some people learn more easily than others...and of course, many of us know that if we are buying bitcoin on a regular basis (such as weekly), then there is some need to prepare for those weekly buys to make sure that we still have enough money to make it until our next paycheck, and at the same time, many of us realize that there is value to ongoingly build up a reserve of back up cash that allows us to make sure that we make it to the next paycheck, but also to make sure that we are able to make it through several weeks (and even building up to several months) of time in which our income might have gone down and/or our expenses might have gone up.

The investor has to adopt another one of the important habits and that is wise money management, particularly if he or she is using the approach for buying bitcoin on a regular basis. While the weekly schedule of DCA is a must, it is even more important to manage the expenses on daily basis and to be prepared for the emergencies.

I believe that an emergency fund is another matter that should be managed together with investments. No matter what income is always stable, we are all subject to random and unforeseen expenses related to our health, our work or our personal circumstances, and if we don't save enough, we will be forced to sell our coins at the worst time.

The second point is that when you are investing, your decision should not be based on your future income but based on your current financial standing. You should calculate your expenditure, and set aside money for leisure activity before you start investing the surplus cash.

Bitcoin discourages patience, but finances discipline offsets this.

I get your point about how emergency funds is in every investment, but don’t make it sound like a must, there are people who go into investment without having emergency funds. The core thing about investing in Bitcoin is to get discretionary income and start buying. There are people who might miss get what you are trying to say and think they will need to figure out emergency funds before starting their Bitcoin accumulation.

And on what you are saying about decisions making should not be on the future but the present, then I will say you are wrong. Bitcoin investment itself is about the future, it about making plans for your future. When a person begin to make decisions base on the current situation then they can easily get emotional about the market.

[Merit.s]

Also by just looking at the capital of a person we can't say whether he is whimpy or aggressive because there are people who can spare 100$ per week from their net income and they are investing all that in Bitcoin while there are people who can invest 1000$ per week into Bitcoin yet they decide to spend only 500$ per week due to their own reasons. We can't say person who is investing 100$ is whimpy rather he is aggressive in his approach because he is investing what all he has at its disposal.  

I don't understand your example because you didn't say how much is their discretionary income especially, the one with $100. If $100 is his discretionary income then he cannot use everything to buy bitcoin all in the name of aggressive because he still has his discretionary income to take care of.

Aggressive buying is when you use a higher part of your discretionary income to buy bitcoin and not all. If you use all your discretionary income to buy bitcoin, it means that you're over doing it because your cannot prevent yourself from your discretionary consume.

[I_Anime]

Cashflow management is very important when it involves buying Bitcoin, if you don’t manage your cashflow I don’t think it would be possible to allocate a discretionary income, assuming you’re spending money irresponsibly and you don’t manage your cash flow you will might end up not having a discretionary income, which I think management of cashflow is very essential in term of buying and holding bitcoin for the the long term, if we have to stay consistent then we need to have a good cashflow management. So I feel that is a part we shouldn’t neglect for the long term buying and accumulating of bitcoin.

Investment is not ideal for irresponsible individuals. An investor needs to be skilled in financial management or cash flow and manage it seriously. Unnecessary spending and unaccountable financial cash flow management make it very difficult to provide discretionary funds. It can also lead to emergency situations and force us to intervene in the investment.

When we are involved in long-term investment in Bitcoin, our financial management becomes very important. It is not that you become frugal, but rather that the expenses you make do not go beyond your financial plan. You need to learn to spend every penny according to plan, then Bitcoin investment will end according to our plan. It is very difficult to be successful in long-term investment if you manage your cash flow irresponsibly.

Many of us likely know people who are constantly having financial emergencies due to their own lack of organization and lack of preparing in advance and perhaps even lack of discipline in terms of how much they spend in light of the income that they have and other expenses that they have to pay in the near-term.

Many times individuals can learn how to become more organized and disciplined with practice and paying attention, and sure some people learn more easily than others...and of course, many of us know that if we are buying bitcoin on a regular basis (such as weekly), then there is some need to prepare for those weekly buys to make sure that we still have enough money to make it until our next paycheck, and at the same time, many of us realize that there is value to ongoingly build up a reserve of back up cash that allows us to make sure that we make it to the next paycheck, but also to make sure that we are able to make it through several weeks (and even building up to several months) of time in which our income might have gone down and/or our expenses might have gone up.

That’s some major issue some folks are facing when come to accumulating bitcoin . They don’t know how to manage their finances. In order to build a solid investment in bitcoin I had to start working on my money mindset, on how I see money , there where time i was reckless with my money . Which was one major thing that slow down my investment. I couldn’t manage my funds properly, I was investing , yes. But without any structure. Now I’m already building a structure when come to allocating my earnings percentage. And now I’m investing smoothly and same time balancing my daily and emergency funds well . As you accumulate learn more to manage your holdings .