Finally I did it (I am happy to join).

[anushkasachith888]

Congratulations. Back in 2016-2017 I could have bought bitcoin for cheaper price but I didn't. Instead if bought some altercoins. I think I made a bad decision.

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[Odohu]

Nice move man Congrats for finally having bitcoin my only advise for now "jus hodl" that 0.033 btc of yours can turn into a lot of profits someday don't be affected by incoming fuds  just continue to buy whenever bitcoin dips you can wait for the top of this bullmarket to take profit and wait for another buying opportunity.  

Sure he  will keep that coin for long , because it took him some time , effort and knowledge before finally buying this means how important to Him having this amount and for sure that is just the beginning and will extend more and more before the great halving happens ,
or maybe he will continue holding for more years readying for His future and His family as well.
Congrats to OP and happy Holding , welcome to the Gang  mate.

If we have decided to hold Bitcoin for a long period of time of course we must have a good plan to be able to carry out what we have planned and it is also very important to have good knowledge to be able to hold it for a long period of time because if we don't have a good understanding about Bitcoin then we will be affected by bad news about Bitcoin, when we have a good understanding of Bitcoin of course we will be able to easily achieve the targets we have set and we also have to be patient before the big halving happens.

By "good knowledge" are you suggesting that holding require any special form of knowledge? Do you know that many Bitcoin tech experts may not even hold Bitcoin better than investors like MicroStrategy that are busy accumulating Bitcoin for years without selling. Basic knowledge of Bitcoin is all you need to be able to invest in Bitcoin and HODL.

In my local board, a lot of people started their Bitcoin journey this December as you can see in this newbies introduction thread, these are people with little to no knowledge of Bitcoin and the tech behind it, but within a month or two from now, we would have guided them on how to start accumulating and holding Bitcoin while still acquiring more knowledge of it like I'm personally doing. If they have to wait till they get detailed technical knowledge of Bitcoin, a lot of them will be frustrated and will abandon it for other easier things. I don't think we should scare people with this knowledge thing because even in conventional career, people learn on the job.

[Hewlet]

Happy Holding mate , we will always be proud of people like you that does not care about what others and social media says instead focusing on your goals of supporting and having bitcoin in your pocket.
I must say you are one of the best example of how the world will adopt bitcoin because of how you trusted this and how you are proud of having it.
Good luck to us Holding bitcoin for long.

that's how the trend will go and before you know what has happened, the number of Bitcoin holders will increase across the span of the world.

This goes to show that the message has been heard and people have started making great decisions regardless of whatever negative news and propagandise information that might have been flowing across on the internet and the resistance the part of some local government and authorities.

Kudos for not just making an audio claim to have accumulated bitcoin but for actually making it as a necessity to buying and posting it here, it has served as a source of motivation to people have the intention of buying but have not made an effort to buying it.

[OrangeII]

Welcome to the world of crypto investing, and congratulations on your first purchase. Out there, so many people are planning to buy their first investment. However, there are so many considerations behind that, such as waiting for lower prices, waiting for the market to stabilize, waiting for high prices, doubts, and so on, so they never start. After all, you have taken your first step, and the next step is to make subsequent investments little by little. However, be confident in the plans and decisions you have.

[bounceback]

By "good knowledge" are you suggesting that holding require any special form of knowledge? Do you know that many Bitcoin tech experts may not even hold Bitcoin better than investors like MicroStrategy that are busy accumulating Bitcoin for years without selling. Basic knowledge of Bitcoin is all you need to be able to invest in Bitcoin and HODL.

In my local board, a lot of people started their Bitcoin journey this December as you can see in this newbies introduction thread, these are people with little to no knowledge of Bitcoin and the tech behind it, but within a month or two from now, we would have guided them on how to start accumulating and holding Bitcoin while still acquiring more knowledge of it like I'm personally doing. If they have to wait till they get detailed technical knowledge of Bitcoin, a lot of them will be frustrated and will abandon it for other easier things. I don't think we should scare people with this knowledge thing because even in conventional career, people learn on the job.

For long term holding not necessary with good knowledge about bitcoin, but some people more confusing when investing in bitcoin and afraid what is the right time entry until bitcoin get up to higher price. Actually knowledge is most important when investing in bitcoin but need decision without doubt when invest their money in bitcoin.
I know OP not know well with bitcoin but he has braveness for investing in bitcoin and learn later detail about bitcoin, first you need to make investment in bitcoin and then you can learn or get knowledge with bitcoin after having bitcoin investment assets, what for have more knowledge but still get doubt when investing their money in bitcoin.

[majeed]

Nice move man Congrats for finally having bitcoin my only advise for now "jus hodl" that 0.033 btc of yours can turn into a lot of profits someday don't be affected by incoming fuds  just continue to buy whenever bitcoin dips you can wait for the top of this bullmarket to take profit and wait for another buying opportunity.  

Sure he  will keep that coin for long , because it took him some time , effort and knowledge before finally buying this means how important to Him having this amount and for sure that is just the beginning and will extend more and more before the great halving happens ,
or maybe he will continue holding for more years readying for His future and His family as well.
Congrats to OP and happy Holding , welcome to the Gang  mate.

If we have decided to hold Bitcoin for a long period of time of course we must have a good plan to be able to carry out what we have planned and it is also very important to have good knowledge to be able to hold it for a long period of time because if we don't have a good understanding about Bitcoin then we will be affected by bad news about Bitcoin, when we have a good understanding of Bitcoin of course we will be able to easily achieve the targets we have set and we also have to be patient before the big halving happens.

By "good knowledge" are you suggesting that holding require any special form of knowledge? Do you know that many Bitcoin tech experts may not even hold Bitcoin better than investors like MicroStrategy that are busy accumulating Bitcoin for years without selling. Basic knowledge of Bitcoin is all you need to be able to invest in Bitcoin and HODL.

In my local board, a lot of people started their Bitcoin journey this December as you can see in this newbies introduction thread, these are people with little to no knowledge of Bitcoin and the tech behind it, but within a month or two from now, we would have guided them on how to start accumulating and holding Bitcoin while still acquiring more knowledge of it like I'm personally doing. If they have to wait till they get detailed technical knowledge of Bitcoin, a lot of them will be frustrated and will abandon it for other easier things. I don't think we should scare people with this knowledge thing because even in conventional career, people learn on the job.

Knowing the basics? An absolute must. Truthfully, though, you don't need expert-level technical knowledge to hop on the Bitcoin train. Did every gold prospector know earth geology? But they understood gold was valued. Similar to Bitcoin, recognizing its value is more important than blockchain technology. Continuous learning is needed, especially in a dynamic area like cryptocurrencies. You don't need a PhD in computer science to invest, but remaining informed and learning? Smart move. Knowledge is power and profit in Bitcoin. You must learn to swim, even the basics, before diving into the ocean.
In your local board, you're doing a great thing guiding newbies. It's good. Remember that guiding is not overwhelming. It's not wise to scare folks with technical language. Finding that fine line between informing and intimidating. Keep curiosity, learning, and interest alive. Bitcoin is for everyone, not just techies.

[AicecreaME]

What a nice gift for yourself before this year ends OP.

Just make sure you stored it in a wallet where you have your own private keys. Don't put it in a certain exchange platform for too long if you're not going to use it in trading. Also, don't let anyone else see or copy your private keys, because they might steal it and you'll regret it when that happens (let's hope not). Avoid panic selling and being FOMO. Good luck on your cryptocurrency journey.

[cryptoWODL]

Congratulations. Back in 2016-2017 I could have bought bitcoin for cheaper price but I didn't. Instead if bought some altercoins. I think I made a bad decision.

If you had started investing in Bitcoin since then, it seems you would have been one of the lucky ones. Yes if you had invested in bitcoins between 2016 and 2017 you would have owned a lot of money by now.  In 2016 to 2017, the price of Bitcoin was much lower than it is today, when the price of Bitcoin was only between $963 and $1500. Since then, the price of Bitcoin has increased by almost 100% to its current value of $42,840. Bitcoin price will increase as time goes by. You can start investing in Bitcoin right now if you want. If you don't have enough money then you can start investing with DCA method.

[JayJuanGee]

After securing our emergency fund that could last for about 3 months, using lump sum would be a great idea. Because how far you go in your accumulation is determined by the opportunities you took advantage of when the price was still low.

From what I understand, OP has been struggling financially with the passion to invest in bitcoin sooner. Until he was capable of saving a little to buy his first bitcoin.

That is not true.  You seem to be just making up your own facts..  Op had already created another similar thread, and he referred to that thread in the OP of this thread. Accordingly, in his other thread, OP already admitted that he had a cashflow of $300 per month, and he ONLY had been budgeting around $50 per month for the buying of bitcoin, so if we go by his own representations, then he did not all of a sudden save up the money because according to him, he ONLY has around $50 per month extra that he is able to earn for bitcoin, which would take around 30 months (2.5 years) to be able to save up $1,500.

Yeah, he might have already had that money saved up or maybe there were facts about his cashflow that he was not disclosing, but the mere estimation of a $50 per month investment plan is way different from what he said that he ended up doing.   

I am kind of certain that OP does not keep money for emergency funds. He sounds like an individual in that whenever he receives his income, he settles the housekeeping bills and thinks of where to invest his money next. So this made him save up regularly to start an investment.

That could be partially true.. that he is erratic and spontaneous, and even the portion that he makes seems to have dedicated a pretty decently large percent (which is 16.7%) towards bitcoin.. and so he did mention a expenses of $100 and an emergency fund of $100, and $50 for personal (which would be a kind of reserved expenses).  So even if he had not been saving an emergency fund previously, and if he had been saving $150 per month, it would still take 10 months to save up to $1,500...

And, maybe I am being a bit too harsh, but I am using OP's representations - and likely he had something already saved up because otherwise it makes little sense to all of a sudden have $1,500 that he could buy BTC when he had previously been contemplating a mere $50 per month, and yeah sure people change their minds about how much they are going to allocate towards the investment in something, whether bitcoin and/or any other investment.. and maybe even sometimes we either receive extra unexpected money or we are able to juggle around our finances and realize that we have some money in some other location that we are able to reallocate towards investing in bitcoin or some other investment.

If OP's monthly income is stable, I think the best thing to do to accumulate bitcoin faster is to DCA consistently, but if his income is not steady and it varies from different prices based on his work input, I will suggest saving up for 3 to 6 months and lump sum.

This comment does not make a lot of sense, either.  You should not be saving up an emergency fund and then plunking it all down into bitcoin, that defeats the purpose of the emergency fund... and whether OP has a steady income or not (which he described as $300 per month which sounds pretty steady to me as a way of describing it), he still would need to save up 3-6 months worth of expenses for his emergency fund, and if we consider his expenses to be around $150, based on his description, he could save up 3-6 months, of that which would be $450 to $900, and he could invest in bitcoin at the same time, and his having said that he was putting $100 per month into his emergency fund suggests that he would be able to save up his emergency fund in 4-9 months, and simultaneously buy $50 per month worth of bitcoin.

Once an emergency fund is established then it mostly could be maintained and drawn from here and there, but if it is drawn from then it is replenished soon thereafter, and if it maintained, then any extra income that had been used to build it would then be available for investment, so OP could start to use $150 per month for investment into bitcoin rather than just $50 per month once he reaches his emergency fund target.

And, if there is a possibility that his income is unstable rather than stable, as you suggest Dailyscript, then more likely that would justify building a greater emergency fund rather than saving in order to lump sum into bitcoin, and hey I don't have any problem with the idea of lump sum investing, which is used for buying upfront, or buying on the dip, which is used for when the  BTC price moves against you, presuming that you had already been investing, and yeah there are some people who don't want to buy BTC right from the start, so they save up in order to buy on the dip.. which may or may not work out for them, and is not a very good way of preparing for UP, if they have not already bought BTC in advance of their waiting for the dip, which means they might have ONLY prepared for one BTC price direction if they do not already own BTC.

[edited out]

Knowing the basics? An absolute must. Truthfully, though, you don't need expert-level technical knowledge to hop on the Bitcoin train. Did every gold prospector know earth geology? But they understood gold was valued. Similar to Bitcoin, recognizing its value is more important than blockchain technology. Continuous learning is needed, especially in a dynamic area like cryptocurrencies. You don't need a PhD in computer science to invest, but remaining informed and learning? Smart move. Knowledge is power and profit in Bitcoin. You must learn to swim, even the basics, before diving into the ocean.
In your local board, you're doing a great thing guiding newbies. It's good. Remember that guiding is not overwhelming. It's not wise to scare folks with technical language. Finding that fine line between informing and intimidating. Keep curiosity, learning, and interest alive. Bitcoin is for everyone, not just techies.

Of course there is a bit of a balance, yet there needs to be an emphasis upon people getting started as soon as they can, which does not mean that they jump into bitcoin blindly, but instead almost everyone comes to learning about bitcoin, and they may already know if they have $10 that they could buy bitcoin or not... so they have basic understandings of their cashflow... if they do not know their cashflow very well, then they likely need to learn those kind of things, but still does not mean that they should not get started with some small amount.. setting up accounts, figuring out where they are going to buy it and to hold it, and then figuring out more things along the way in terms of their own discretionary income regarding how much extra that they have that they are able to spend each month (or each week) after accounting for their expenses... how much of their income is left?  Anything? $10? $100? $1,000? or some other amount?  Is their cashflow/expenses regular or erratic?  What about their personality?  Sometimes an investment style and even creating some investment plans (such as into bitcoin) might be able to help a person to better understand and manage his own financial and psychological matters.

Congratulations. Back in 2016-2017 I could have bought bitcoin for cheaper price but I didn't. Instead if bought some altercoins. I think I made a bad decision.

If you had started investing in Bitcoin since then, it seems you would have been one of the lucky ones. Yes if you had invested in bitcoins between 2016 and 2017 you would have owned a lot of money by now.  In 2016 to 2017, the price of Bitcoin was much lower than it is today, when the price of Bitcoin was only between $963 and $1500. Since then, the price of Bitcoin has increased by almost 100% to its current value of $42,840. Bitcoin price will increase as time goes by. You can start investing in Bitcoin right now if you want. If you don't have enough money then you can start investing with DCA method.

Yep.. we cannot go back in time, so we have to start from the present, but we can see that investing even $25 per week into bitcoin since mid 2016 to present would have resulted in nearly $10k invested until now and nearly 2.5 BTC accumulated (current value right around $107k - so very close to 11x more valuable than the amount invested. 

[adultcrypto]

Congratulations. Back in 2016-2017 I could have bought bitcoin for cheaper price but I didn't. Instead if bought some altercoins. I think I made a bad decision.

I am so familiar with this kinds of statement of regrets and you will surely not be the last. Even now many people are still choosing shitcoins over Bitcoin siting huge ROI and fast profits as motivation. Just check how much funds people are injecting into Ordinals that messed up the transaction fees of Bitcoin, that should tell you how much people follow the hype, some of whom will cry later.

Now you still have the chance to correct that mistake, you can join the OP and those of us who are already building our portfolio. The chances of Bitcoin rising so high, following coming activities, is high and it will be bad to miss opportunities twice. I have my reservation with shitcoins because the risk is much. I don't want the founders to use my money and invest in Bitcoin for themselves 

[Ruttoshi]

Nice move man Congrats for finally having bitcoin my only advise for now "jus hodl" that 0.033 btc of yours can turn into a lot of profits someday don't be affected by incoming fuds  just continue to buy whenever bitcoin dips you can wait for the top of this bullmarket to take profit and wait for another buying opportunity.  

Sure he  will keep that coin for long , because it took him some time , effort and knowledge before finally buying this means how important to Him having this amount and for sure that is just the beginning and will extend more and more before the great halving happens ,
or maybe he will continue holding for more years readying for His future and His family as well.
Congrats to OP and happy Holding , welcome to the Gang  mate.

If we have decided to hold Bitcoin for a long period of time of course we must have a good plan to be able to carry out what we have planned and it is also very important to have good knowledge to be able to hold it for a long period of time because if we don't have a good understanding about Bitcoin then we will be affected by bad news about Bitcoin, when we have a good understanding of Bitcoin of course we will be able to easily achieve the targets we have set and we also have to be patient before the big halving happens.

You don't need to have any good knowledge before you can invest into bitcoin, all you need to know is the basics, which OP already know, which is to buy and transfer to your wallet. As long as OP has already made up his mind to hold for a long term, he will be learning along side with growing his investment.

Financial management, patience, consistency and discipline is what a newbie investor needs for him to be able to hodli his bitcoin for as long as he wants to hodli. Don't make it sound as if hodli is something that need market analysis or to know the technical aspect of bitcoin. If you know how to save money from young age, it wouldn't be a big challenge to hodli

[rachael9385]

This comment does not make a lot of sense, either.  You should not be saving up an emergency fund and then plunking it all down into bitcoin, that defeats the purpose of the emergency fund... and whether OP has a steady income or not (which he described as $300 per month which sounds pretty steady to me as a way of describing it), he still would need to save up 3-6 months worth of expenses for his emergency fund, and if we consider his expenses to be around $150, based on his description, he could save up 3-6 months, of that which would be $450 to $900, and he could invest in bitcoin at the same time, and his having said that he was putting $100 per month into his emergency fund suggests that he would be able to save up his emergency fund in 4-9 months, and simultaneously buy $50 per month worth of bitcoin.

Once an emergency fund is established then it mostly could be maintained and drawn from here and there, but if it is drawn from then it is replenished soon thereafter, and if it maintained, then any extra income that had been used to build it would then be available for investment, so OP could start to use $150 per month for investment into bitcoin rather than just $50 per month once he reaches his emergency fund target.

If one is using emergency funds to invest in Bitcoin, that means the person is not really saving the money for emergency cases but investing it in Bitcoin. Meanwhile, if an investor is not saving for emergencies, that means the person can not hold his coins for a long time (they might even sell them off in just a month or a couple of weeks).

You are absolutely right, you know what I understand in the second phrase that you are trying to say. An investor must have 3 or 6 months of emergency funds even before he or she starts investing in Bitcoin (I see) because it will absolutely make the investor not think of touching his investment.

Let's imagine that before one starts investing in Bitcoin, he has been saving $200 per month in 6 months. That's about $1200 and the investor is still working and getting paid steadily (he has a steady cash flow), then on the 7th month he starts investing $100 weekly in Bitcoin (and still saving emergency funds too)... With all those savings he or she has, he or she will not think of tempering his or her investment for a long time.

and yeah there are some people who don't want to buy BTC right from the start, so they save up in order to buy on the dip.. which may or may not work out for them, and is not a very good way of preparing for UP, if they have not already bought BTC in advance of their waiting for the dip, which means they might have ONLY prepared for one BTC price direction if they do not already own BTC.

What's the essence of waiting for the dip when the dip will not come so easy? However, such person might not even be aware of the dip rather.
As the OP didn't wait for the dip, I like it that way because maybe before the dip might come back he must have spent the money already if only he's one of those that can't deal with cash .

[Shamm]

Congratulations. Back in 2016-2017 I could have bought bitcoin for cheaper price but I didn't. Instead if bought some altercoins. I think I made a bad decision.

Actually during that time it's nice to see and it's nice to compared cause in the year 2017-2018 the price of bitcoins is negotiable which means if you buy bitcoins those days then one thing for sure you will become a multimillionaire this days cause if we look in the price during 2017-2028  it is very low which is we can buy Bitcoins many more. But like what you said mate you did a bad decision cause instead of buying Bitcoin you didn't buy that but you by altcoins which pretty bad

[JayJuanGee]

This comment does not make a lot of sense, either.  You should not be saving up an emergency fund and then plunking it all down into bitcoin, that defeats the purpose of the emergency fund... and whether OP has a steady income or not (which he described as $300 per month which sounds pretty steady to me as a way of describing it), he still would need to save up 3-6 months worth of expenses for his emergency fund, and if we consider his expenses to be around $150, based on his description, he could save up 3-6 months, of that which would be $450 to $900, and he could invest in bitcoin at the same time, and his having said that he was putting $100 per month into his emergency fund suggests that he would be able to save up his emergency fund in 4-9 months, and simultaneously buy $50 per month worth of bitcoin.

Once an emergency fund is established then it mostly could be maintained and drawn from here and there, but if it is drawn from then it is replenished soon thereafter, and if it maintained, then any extra income that had been used to build it would then be available for investment, so OP could start to use $150 per month for investment into bitcoin rather than just $50 per month once he reaches his emergency fund target.

If one is using emergency funds to invest in Bitcoin, that means the person is not really saving the money for emergency cases but investing it in Bitcoin. Meanwhile, if an investor is not saving for emergencies, that means the person can not hold his coins for a long time (they might even sell them off in just a month or a couple of weeks).

I agree that a person should not be dipping into his emergency funds for BTC buys, but there could be situations in which it makes sense if there is variability in income and expenses, and there is also a decent sized emergency fund.  There also may be decisions to buy a certain quantity of BTC no matter what, so if the cashflow over several months is fluctuating, the income might not meet expenses, and yet there still might be expectations that the following months or the month after, the emergency fund will be able to be diminished with the short-fall, and part of the reason to have an extra large sized emergency fund is to be able to buy BTC every month/week. . or whatever might be the priority that is pre-established.

You are absolutely right, you know what I understand in the second phrase that you are trying to say. An investor must have 3 or 6 months of emergency funds even before he or she starts investing in Bitcoin (I see) because it will absolutely make the investor not think of touching his investment.

I was not trying to say that a person has to have an emergency fund prior to buying BTC.  I am frequently saying to start investing in BTC as soon as possible and also I am saying that sometimes more than one thing can be accomplished at the same time, and yeah, there may be risks involved if the emergency fund is not very strong, but there may also be preferences to make sure to invest into BTC on a weekly basis and to build the bitcoin investment, even if there might be an inadequate emergency fund and other ways that the person's finances are fucked up.. such as not having his debt under control...and so maybe he is paying off debt too... .. and sometimes the earliest days of getting your finances and psychology in order can take a bit of time, maybe even 6 months to 18 months, or even longer, but maybe at the same time there is at least a minimum amount of BTC that is bought.. and maybe there was a past practice of not having any emergency fund, so there was a past practice of always panicking and just the creation of an emergency fund is going to bring progress and the more and more that the emergency fund is built, the more aggressive the person likely is going to be able to become in terms of his BTC investing.

Let's imagine that before one starts investing in Bitcoin, he has been saving $200 per month in 6 months. That's about $1200 and the investor is still working and getting paid steadily (he has a steady cash flow), then on the 7th month he starts investing $100 weekly in Bitcoin (and still saving emergency funds too)... With all those savings he or she has, he or she will not think of tempering his or her investment for a long time.

At the same time, we should not let the perfect be the enemy of the good, and we might end up having way too much cash.

So we have to find a workable balance, and if a person has expenses of $200 a month but a salary that varies too, then there might be months that he is not able to pay all of his expenses from his salary.. and he should be in the best position to figure out if he needs to have more saved up so that he can deal with the variability, but also there are other ideas of cashflow replacement, but also if an unexpected outside emergency comes besides the needs for cashflow, then he might need to have more than just 6 months worth of regular expenses saved up... so I am not going to be able to suggest in advance for someone, and each of us has to figure out how much cash to keep and how aggressive to be in our BTC investment, and if maybe we have been investing in BTC for more than 4 years, we might even be in a better position in terms of solidifying our emergency funds.. and maybe even having other categories of emergency funds besides cash..and maybe we would also have an order in which we would draw such funds and hoping to never have to dip into the BTC.... .

and yeah there are some people who don't want to buy BTC right from the start, so they save up in order to buy on the dip.. which may or may not work out for them, and is not a very good way of preparing for UP, if they have not already bought BTC in advance of their waiting for the dip, which means they might have ONLY prepared for one BTC price direction if they do not already own BTC.

What's the essence of waiting for the dip when the dip will not come so easy? However, such person might not even be aware of the dip rather.

You can prepare for dips or not. That's your choice.

Since I got into bitcoin I have striven to be prepared for either BTC price direction, and I have striven to maintain such preparedness at all times.  That has been my own approach.

When you are brand new to investing into bitcoin, you might have some savings and maybe you have some kind of an investment portfolio of stocks or something, so when you first decide to start buying, maybe you have an aim to get at 10% of your investment portfolio will get allocated to BTC, and so if you own $10k worth of stock, and you don't want to sell any, then maybe the next 10 months you invest $100 per month into bitcoin and you thereby get close to being around 10% into bitcoin, and then after that you can reassess what is your next goal.

If you already have $600 in cash in the bank that you could allocate to buying bitcoin, but you don't want to spend it right away on bitcoin, you might choose to allocate a portion to buying bitcoin, but maybe at the same time you have to account for your income and maybe you have $100 per month coming into your income that could be spent on bitcoin, so if you add up what you have in the bank and what you have coming in, then that is $1,200, and so you could divide it up $400 to each category but then you don't have $400 to buy right away and $400 for buying on dips, so maybe you divided it $300 for buying on dips and $300 right way, and then you still would have $100 per month for DCA, and yeah, there can be a lot of scenarios to consider, but having money to buy on dips is part of something that I have always try to prepare myself, but sometimes when the BTC price keeps dipping, any of us can get to points in which we need to reassess or we might even run out of cash.

On the other side, yeah it can be uncomfortable if the BTC price does not dip and you have money waiting to buy on dips that does not get used, and you have to figure out yourself how you want to treat that money or to readjust your considerations of the setting of your buying price points from time to time in order to attempt to best prepare for what you believe that the BTC price might do in that portion of the money that you have available for that purpose, and at the same time it would not necessarily mean that you stop DCA buying within the terms that you have set for that category of funds..

As the OP didn't wait for the dip, I like it that way because maybe before the dip might come back he must have spent the money already if only he's one of those that can't deal with cash .

I already stated how I would have dealt with it, and that does not mean that my way is either the best for OP or for anyone else, and OP has to decide, and once he decided and he already employed that strategy, then he likely is somewhat locked into that strategy, unless the BTC price goes sufficiently above his buying in [price and he decides to reassess based on that kind of a price movement...and sometimes people will take a loss in order to correct a mistake that they made, and there are surely trade offs in correcting mistakes by taking losses, but sometimes it might be the more practical solution, and I am not even suggesting that OP should do that. 

I have made some similar mistakes in the past, and frequently i have to make some tweaks in order to account for the mistake, and hope that the mistake is not too large... and so sometimes I have mistakenly bought when I meant to sell, and other times I have mistakenly sold when I meant to buy...and sometimes I don't realize that I made the mistake until several hours or even several days later.  I will usually have to figure out some kind of a solution that I consider to be acceptable to wait out a price move that might correct the mistake in one direction or another or I might force some kind of a resolution... and if there are likely fees to take into account, then that would also be something that is calculated into what can be done or should be done.

Sometimes it could take several weeks or even longer for the situation to resolve in one direction or another in order to get me back to where I should have been or could have had been absent the mistake.

[Su-asa]

Nice move man Congrats for finally having bitcoin my only advise for now "jus hodl" that 0.033 btc of yours can turn into a lot of profits someday don't be affected by incoming fuds  just continue to buy whenever bitcoin dips you can wait for the top of this bullmarket to take profit and wait for another buying opportunity.  

Sure he  will keep that coin for long , because it took him some time , effort and knowledge before finally buying this means how important to Him having this amount and for sure that is just the beginning and will extend more and more before the great halving happens ,
or maybe he will continue holding for more years readying for His future and His family as well.
Congrats to OP and happy Holding , welcome to the Gang  mate.

If we have decided to hold Bitcoin for a long period of time of course we must have a good plan to be able to carry out what we have planned and it is also very important to have good knowledge to be able to hold it for a long period of time because if we don't have a good understanding about Bitcoin then we will be affected by bad news about Bitcoin, when we have a good understanding of Bitcoin of course we will be able to easily achieve the targets we have set and we also have to be patient before the big halving happens.

You don't need to have any good knowledge before you can invest into bitcoin, all you need to know is the basics, which OP already know, which is to buy and transfer to your wallet. As long as OP has already made up his mind to hold for a long term, he will be learning along side with growing his investment.

Financial management, patience, consistency and discipline is what a newbie investor needs for him to be able to hodli his bitcoin for as long as he wants to hodli. Don't make it sound as if hodli is something that need market analysis or to know the technical aspect of bitcoin. If you know how to save money from young age, it wouldn't be a big challenge to hodli

On a normal position, I don't have a proper knowledge of Bitcoin but with the little I have gotten just this few days that I have been active, I have get to know some of the important things about Bitcoin investment, with that I can perfectly hold my coins and protect it with everything i have gotten.
As a Bitcoin beginner all I have I to do I to protect my wallet seed phrases.

[Obim34]

You don't need to have any good knowledge before you can invest into bitcoin, all you need to know is the basics, which OP already know, which is to buy and transfer to your wallet. As long as OP has already made up his mind to hold for a long term, he will be learning along side with growing his investment.

Financial management, patience, consistency and discipline is what a newbie investor needs for him to be able to hodli his bitcoin for as long as he wants to hodli. Don't make it sound as if hodli is something that need market analysis or to know the technical aspect of bitcoin. If you know how to save money from young age, it wouldn't be a big challenge to hodli

There should be proper knowledge about Bitcoin before deciding to begin investing in it, not just buying and transferring to wallets but we need to consider other risk factors associated with Bitcoin. Most people who do invest with poor knowledge of what they are putting their money into always ends up with loosing due to panic of the price going down, getting involved with scammers or technical problems which will cost them loosing their Bitcoin.
All this are associated risk factors which if their is enough proper knowledge about Bitcoin can be avoided, then their will be no chances of becoming a victim.

[yazher]

Congratulations. Back in 2016-2017 I could have bought bitcoin for cheaper price but I didn't. Instead if bought some altercoins. I think I made a bad decision.

I saw the price too that year and I didn't expect that it gonna reach this high today but there is no need to worry because, through those years, I have been accumulating bitcoins and ended up getting more balance in my investment and jobs and not fully expect my earnings on my investment rather I was using every opportunity to buy low and patiently waiting to sell it at a high price. This will only become possible if you have enough knowledge of crypto investment and especially how to secure and prevent your crypto from getting stolen by hackers.

[Nrcewker]

Glad that you took the community’s suggestion and chose to be the part of Bitcoins family. I am 100% sure that you won’t regret this decision. If you have some funds for investing in long term, then Bitcoins are the best according to me. Its decentralised nature will definitely help you to save from paying unnecessary taxes. Just keep showing trust in the coin and you will never regret investing in Bitcoins. Wishing you all the best for your future mate.

[Su-asa]

I agree that a person should not be dipping into his emergency funds for BTC buys, but there could be situations in which it makes sense if there is variability in income and expenses, and there is also a decent sized emergency fund.  There also may be decisions to buy a certain quantity of BTC no matter what, so if the cashflow over several months is fluctuating, the income might not meet expenses, and yet there still might be expectations that the following months or the month after, the emergency fund will be able to be diminished with the short-fall, and part of the reason to have an extra large sized emergency fund is to be able to buy BTC every month/week. . or whatever might be the priority that is pre-established.

Anybody that uses funds for emergencies to invest in Bitcoin is not a wise investor because problems can come at anytime when he/she will need some money that he will use to settle down some things that needs to be settled..
Having an emergency funds might make an investor to hold more longer than he or she planned to hold. Reasons are because when you are saving and still accumulating Bitcoin and on the other hand you have funds for emergencies, then what will the person want to sell his coins for? Nothing,,, unless they will want to use some of the profits to complete a project and other things that can be bring more money to them during the week or month.

There are some people who works in a company that don't pay workers salaries on time (delays payments) and those people if they are invest in Bitcoin and they are not saving some funds for emergencies and just saving for nothing, by the time month end and there is no payment they will want to sell some coins and use the money to support them self untill payment is made.

[Mate2237]

Anybody that uses funds for emergencies to invest in Bitcoin is not a wise investor because problems can come at anytime when he/she will need some money that he will use to settle down some things that needs to be settled..
Having an emergency funds might make an investor to hold more longer than he or she planned to hold. Reasons are because when you are saving and still accumulating Bitcoin and on the other hand you have funds for emergencies, then what will the person want to sell his coins for? Nothing,,, unless they will want to use some of the profits to complete a project and other things that can be bring more money to them during the week or month.

There are some people who works in a company that don't pay workers salaries on time (delays payments) and those people if they are invest in Bitcoin and they are not saving some funds for emergencies and just saving for nothing, by the time month end and there is no payment they will want to sell some coins and use the money to support them self untill payment is made.

I have not seen anyone keeping funds for emergency. There is no special emergency funds in anywhere but the funds came out when the emergency arise. Nobody pray for bad omen or danger ahead, but emergency is unavoidable, whether we like it or not we must encountered it from one way to another  and emergency funds also comes unprepared. And at that time of the emergency, no responsible person would use that funds to invest in Bitcoin then the person does not value the sick person life. Bitcoin is not something we invest and reap within a second or hours. But a long term investment.

As I said nobody saves money for accident, law case and others but it is when the matters arise then money would come out from it hidden places to settle the problem.