Buy Buy Buy or Sell Sell Sell?

[Finebone]

Timing the market and hoping to buy when it's down seems like a smart decision to most Bitcoin investors, but in reality they are doing themselves bad because they are going to lose a lot of buying opportunities that will be available in the market, because their own version of the dip they crave for may never come.
And it's even more unreasonable if the investor is just starting out his accumulation journey or he is still very far behind in his accumulation.
Though buying the dip is not that a idea if your are already accumulating consistently, where it's wrong is waiting to buy only when it dip, that's when it's wrong, because the dip the investor may be anticipating may never come, and at that point, the investor will not buy more and add to his stash.

How do you even expect to time Bitcoin that you do not have any control over? That’s where this whole mindset things is already off. Timing the market might sounds smart you, but the truth is it is extremely difficult, even for so call experienced people.

Bitcoin does not move based on what you are waiting for, and your perfect dip might never show up. So while you’re waiting, price will just keep moving and you will miss out. That is why I feel it’s better to just stick with DCA.

The best way to catch the lowest part of the dip is by constant accumulation, wether it's weekly or monthly through the dca accumulating strategy and when that lowest dip comes, you might still buy and accumulate Bitcoin then, or you buy aggressively at that point if you have the reserve funds available to make that happen, but if you are not buying and accumulating and you are waiting only to buy the dip, you may miss out on the dip when it comes because you might not even know when that lowest dip may comes or the dip you may be anticipating might not come, and you may not even buy at all, so waiting before buying Bitcoin is never a great idea, since the likelihood of missing out on so many buying opportunities are very high .

[Son Of Blockchain (SOB)]

The best way to catch the lowest part of the dip is by constant accumulation, wether it's weekly or monthly through the dca accumulating strategy and when that lowest dip comes, you might still buy and accumulate Bitcoin then, or you buy aggressively at that point if you have the reserve funds available to make that happen, but if you are not buying and accumulating and you are waiting only to buy the dip, you may miss out on the dip when it comes because you might not even know when that lowest dip may comes or the dip you may be anticipating might not come, and you may not even buy at all, so waiting before buying Bitcoin is never a great idea, since the likelihood of missing out on so many buying opportunities are very high .

This is why the DCA is considered the most preferred strategy cause since you're buying consistenly, you'll definitely come across several dips including the lowest part of it like you said, one don't need to wait for that point before buying cheaper, with the DCA, consistency is indeed the key and those who are used to that strategy always have good news to share on the long run.

 Normally, waiting for the dip is an opportunity killer cause at the end you might end up not buying the perfect dip you're waiting for. The market is already volatile thereby making it very unpredictable so instead of waiting for something you don't know the particular time it would occur, it's better to just buy consistently with the DCA so you'll be in a good position to experience several dips and be on the advantage side.

[Skydrill]

Timing the market and hoping to buy when it's down seems like a smart decision to most Bitcoin investors, but in reality they are doing themselves bad because they are going to lose a lot of buying opportunities that will be available in the market, because their own version of the dip they crave for may never come.
And it's even more unreasonable if the investor is just starting out his accumulation journey or he is still very far behind in his accumulation.
Though buying the dip is not that a idea if your are already accumulating consistently, where it's wrong is waiting to buy only when it dip, that's when it's wrong, because the dip the investor may be anticipating may never come, and at that point, the investor will not buy more and add to his stash.

Rather than wait for the dip it would be preferable to use the DCA method, waiting for the dip is more like a waste of time you should be using to accumulating more Bitcoin instead of wasting it on timing the market and waiting, this method is often used by those whom in my opinion are seeking to grow their Bitcoin through a method that makes them seem like opportunists who are trying to play smart but in reality they only wasting investment opportunities which they could have duly utilized to their advantage.

[JayJuanGee]

DCA strategy may be more suitable for people with regular income. And those with irregular income should have a more flexible strategy. DCA is a good method for those who mainly invest regularly or have a long-term investment goal. It provides the convenience of investing in small amounts to continue investing regularly. Also, it does not require regular market monitoring. Therefore, it is best to consider long-term investments based on your financial situation and capabilities.

DCA does not require regular income.  With DCA you can use it whenever income comes available, whether that is weekly, monthly or some other timeline.  With DCA the amounts do not need to be consistent either, even though some folks will specifically choose to try to stay consistent in the amounts.  That is optional. 

They optionally might also choose to invest a percentage of their discretionary income rather than a specific amount.  DCA give options to customize to a person's income and preferences, and without needing to account for BTC price fluctuations (as you mentioned Cgrexp)

@JayJuanGee ... Sir I understand and agree with your words. I think there was a small mistake in my previous comment. I do not deny that people with irregular income cannot do DCA. In fact, I think that a person with irregular income naturally has to be flexible in terms of time and amount in DCA. Actually, by flexibility, I mean that people with such income cannot tie themselves to the same time or the same amount and have to invest according to the reality of the income. From this point of view, I found regular income  convenient in terms of consistent, mental and behavioral structure.However, I did not want to impose any mandatory condition that the income must be regular. . I accept that DCA is a flexible strategy and can be used according to the type of income and financial reality and the time and amount do not need to be completely consistent.

Let's say that a person gets irregular amounts of pay and the pay comes at irregular times, so if that person also has irregular expenses, then his situation is even more complicated, and so yeah, he may have to be sure that the money that he has is really available to invest into bitcoin before he can invest it.  If he is not sure, then he cannot invest such money until he is sure.  So yeah, I already responded to the angle that a person who has irregular income and irregular expenses may need to maintain higher quantities of back up funds in order to account for such irregularities.

Furthermore if that person also wanted to make sure that he was investing into bitcoin every single week, then maybe he would have to have an extra side funds that is already available for such purposes...and so maybe the side fund is set up with 6-ish weeks of DCA in advance.. and maybe he has another fund that covers rent and food that is set aside.. .. and so he keeps those funds with sufficient amounts, and if they get below certain amounts, then he starts to get worried and maybe he has back up funds for that.. and if he ends up having to tap into one of his funds, he knows he is in BIG trouble.. and probably he would stop buying bitcoin before he would tap into his emergency funds and perhaps he would end up depleting 70% or more of his emergency funds before he would start to consider tapping into his bitcoin... so for sure, he does not want matters to go so far as his needing to tap into his BTC, so there are levels (and priorities regarding which funds get spent first, or which spending gets frozen first), and so he can see the  level of emergency based on how depleted his various back up funds (and reserve funds) get. 

There surely are advantages to receiving pay on a regular and stable basis for guys who have that going for them, yet we know that there also have to be enough funds and perhaps enough back up funds, otherwise investing into bitcoin might get cut off or stalled until such funds are available or not overly depleted.  I would think that the longer guys are in bitcoin, then the better they get at managing and monitoring  their funds so that they don't get themselves into emergency situations.

[SmartCharpa]

An investor can use any of the strategies to accumulate Bitcoin, all of them are okay provided you are accumulating using your discretionary income, but more emphasis are laid on the DCA strategy since it allows an investor to buy Bitcoin in bits as low as $10 weekly or monthly. Added to this advantage is that fact that one can still have an ongoing DCA buys and still decide to buy the Dip or lumplump sum if he has an extra cash to do that. So DCA is more preferred since it makes investment a but easier and easy going

DCA strategy may be more suitable for people with regular income. And those with irregular income should have a more flexible strategy. DCA is a good method for those who mainly invest regularly or have a long-term investment goal. It provides the convenience of investing in small amounts to continue investing regularly. Also, it does not require regular market monitoring. Therefore, it is best to consider long-term investments based on your financial situation and capabilities.

Don’t mislead some newbies mate, the DCA does not have anything to do with your income, whether you are regular or irregular income earner, it all depends on how you set your plans and how you cut down your expenses. Some people do not have a regular income, but they are able to use the DCA method because they are not spending more than they make, they cut down their expenses, and they can invest regularly with the DCA.

We have many people with a regular income out there, who find it difficult to invest using the DCA due to how expensive they live. The DCA still depends on how you set your plan to make things easy for yourself. So, regardless of your income, if you want to invest in Bitcoin, you can do it, whether you are regular or irregular income.

[centrum]

I think almost all the people that had the short term mindset and invested with it was left in the dark where they complain, panic and sell premature and regretted bitterly because they lost everything. I want to believe they have learnt their lessons and they would not try it next time but those who doesn't know how it feels to lost money and doesn't have the knowledge will want to have a taste. Real value is expected in the long term but patient only won't help but rather while we are being patient we are also investing.

in my opinion the matter is very simple. most people enter investing with the thought of quick profit but the market never favors rushing. a small drop creates fear fear turns into panic and panic leads to wrong decisions. they sell quickly and later realize the real loss came from losing their patience. those who have lost money at least understand this truth that investing cannot be done with emotions. but new people come without that experience and think this time it will be different. in reality nothing is different the same mistakes happen again. real value does come in the long term but just sitting and waiting is not enough learning over time investing wisely and moving forward with patience is the real game.

[sotelorene]

An investor can use any of the strategies to accumulate Bitcoin, all of them are okay provided you are accumulating using your discretionary income, but more emphasis are laid on the DCA strategy since it allows an investor to buy Bitcoin in bits as low as $10 weekly or monthly. Added to this advantage is that fact that one can still have an ongoing DCA buys and still decide to buy the Dip or lumplump sum if he has an extra cash to do that. So DCA is more preferred since it makes investment a but easier and easy going

DCA strategy may be more suitable for people with regular income. And those with irregular income should have a more flexible strategy. DCA is a good method for those who mainly invest regularly or have a long-term investment goal. It provides the convenience of investing in small amounts to continue investing regularly. Also, it does not require regular market monitoring. Therefore, it is best to consider long-term investments based on your financial situation and capabilities.

Don’t mislead some newbies mate, the DCA does not have anything to do with your income, whether you are regular or irregular income earner, it all depends on how you set your plans and how you cut down your expenses. Some people do not have a regular income, but they are able to use the DCA method because they are not spending more than they make, they cut down their expenses, and they can invest regularly with the DCA.

We have many people with a regular income out there, who find it difficult to invest using the DCA due to how expensive they live. The DCA still depends on how you set your plan to make things easy for yourself. So, regardless of your income, if you want to invest in Bitcoin, you can do it, whether you are regular or irregular income.

Using the term cutting down expenses can look so big for some people's comprehension so I think you can just use the word need, and over time some people find it very difficult to differentiate between need and want. You can want something but you don't actually need it but need is very vital and important so I believe in life we have needs and want but what we should go for our needs because they are essential that is why we don't have to attend to everything that comes... So if we can settle our needs which are the necessities, we don't have problem with our wants because it doesn't count and so what we need do is to get our discretionary instead of going for our wants and this is why some people can't get a discretionary because they want to attend to everything both necessary and unnecessary.

[Obulis]

I think almost all the people that had the short term mindset and invested with it was left in the dark where they complain, panic and sell premature and regretted bitterly because they lost everything. I want to believe they have learnt their lessons and they would not try it next time but those who doesn't know how it feels to lost money and doesn't have the knowledge will want to have a taste. Real value is expected in the long term but patient only won't help but rather while we are being patient we are also investing.

in my opinion the matter is very simple. most people enter investing with the thought of quick profit but the market never favors rushing. a small drop creates fear fear turns into panic and panic leads to wrong decisions. they sell quickly and later realize the real loss came from losing their patience. those who have lost money at least understand this truth that investing cannot be done with emotions. but new people come without that experience and think this time it will be different. in reality nothing is different the same mistakes happen again. real value does come in the long term but just sitting and waiting is not enough learning over time investing wisely and moving forward with patience is the real game.

Going on a long-term helps in automatically handling the probable emotions, fear and panics, so that means wrong decision that will lead losing funds is already taken care of because long-term investment is patience oriented.

[MainIbem]

I
in my opinion the matter is very simple. most people enter investing with the thought of quick profit but the market never favors rushing. a small drop creates fear fear turns into panic and panic leads to wrong decisions. they sell quickly and later realize the real loss came from losing their patience. those who have lost money at least understand this truth that investing cannot be done with emotions. but new people come without that experience and think this time it will be different. in reality nothing is different the same mistakes happen again. real value does come in the long term but just sitting and waiting is not enough learning over time investing wisely and moving forward with patience is the real game.

Going on a long-term helps in automatically handling the probable emotions, fear and panics, so that means wrong decision that will lead losing funds is already taken care of because long-term investment is patience oriented.

Those who come for quick profits always learn the hard way and that's one thing I really love about Bitcoin investment, it gives everyone the opportunity to hop in but those who fail to do it right always learn the hard way. It's been said that one would need to prioritise being patient but it doesn't end there, you still ought to be smart and desperate to be successful with it that's why determination matters too so you'll be able to overcome obstacles like fear and panic. Bitcoin investment would tend to play with your emotions due to volatility but those who are very determined always scale through.

[Promocodeudo]

Those who come for quick profits always learn the hard way and that's one thing I really love about Bitcoin investment, it gives everyone the opportunity to hop in but those who fail to do it right always learn the hard way. It's been said that one would need to prioritise being patient but it doesn't end there, you still ought to be smart and desperate to be successful with it that's why determination matters too so you'll be able to overcome obstacles like fear and panic. Bitcoin investment would tend to play with your emotions due to volatility but those who are very determined always scale through.

You're right, Bitcoin provided equal opportunity for every investor but individual approach will determine if they'll continue or not, of course quick money mindset will definitely be matched with same energy it is as simple as that unless the reframe their mindset from doing the right thing, I don't know why some people decide to get things wrong about Bitcoin investment, even though we know that there are people that have decided that they won't invest for long-term, it doesn't mean that Bitcoin is a kind of quick money making stuff and doesn't dispute the fact that Bitcoin investment is for long-term not short term, yea we individually decide what we want and how we want our investment to be after all, it is our investment and how to go about it, is our personal bothering but Bitcoin investment has it's concept which has to be followed if we actually want to succeed in it.

Yea volatility has it own effect on individuals, but this is common to people that fail to accept the fact that volatility is a continuous thing in bitcoin investment which means there's nothing we can do about it.

[Gallar]

Going on a long-term helps in automatically handling the probable emotions, fear and panics, so that means wrong decision that will lead losing funds is already taken care of because long-term investment is patience oriented.

Yes, I agree with your assumption about this. But in my personal opinion, long-term investing does not automatically make someone great at controlling their emotions and panic. Because what I have experienced so far is that emotions still need to be trained, and it is experience that trains them. So, in essence, a strong mentality is not formed automatically, but through a struggle full of obstacles. Because there are also many people who invest long-term in Bitcoin but fail to control their emotions. So this truly illustrates for us that long-term investing does not automatically shape our mentality, but rather through the many lessons and insights we gain during our Bitcoin accumulation journey. But it is true that choosing to invest long-term in Bitcoin is indeed the right choice, so keep going and stay motivated.

[AuchanX]

~

DCA strategy may be more suitable for people with regular income. And those with irregular income should have a more flexible strategy. DCA is a good method for those who mainly invest regularly or have a long-term investment goal. It provides the convenience of investing in small amounts to continue investing regularly. Also, it does not require regular market monitoring. Therefore, it is best to consider long-term investments based on your financial situation and capabilities.

I am sorry, but I cannot agree with you. You said that DCA strategy is more suitable for regular income. So will people with irregular income be deprived of DCA? Because many do not have regular income. Many do contract work which comes after 3-6 months of income.

From what I understand, the main strength of DCA is discipline and emotion control. Not for a fixed amount or for a fixed period. Yes, what you said can be mentally easier for people with regular income. Because they already get paid according to a routine. But people with irregular income can also continue DCA without any hesitation if they want. I will put it more simply. For example, someone does contract work and the income comes after 3 months. If he wants, he can invest a certain percentage of his income every time he gets income. In this case, of course, he can understand his real situation and keep the required money with himself, invest more or less with discretionary money. And this seems more realistic to me than a fixed amount. And this is upfront DCA.  This method does not require market observation skills. You can invest on the day you get the income. And in this, the average purchase price will naturally balance over the long term. And it does not break the rules of DCA, it just changes the frequency, and makes investing easier. To me, DCA is not a one-size-fits-all strategy. It is a method of adjusting according to the income structure, risk tolerance and long-term goals of the individual. And I had a discussion with Sir @JayJuanGee on this and he agreed on this whole issue. And he suggested to me that the amount of DCA can be determined every time you buy. Which makes this method of DCA more realistic.

[Sim_card]

From what I understand, the main strength of DCA is discipline and emotion control. Not for a fixed amount or for a fixed period. Yes, what you said can be mentally easier for people with regular income. Because they already get paid according to a routine. But people with irregular income can also continue DCA without any hesitation if they want. I will put it more simply. For example, someone does contract work and the income comes after 3 months. If he wants, he can invest a certain percentage of his income every time he gets income. In this case, of course, he can understand his real situation and keep the required money with himself, invest more or less with discretionary money. And this seems more realistic to me than a fixed amount. And this is upfront DCA.  This method does not require market observation skills. You can invest on the day you get the income. And in this, the average purchase price will naturally balance over the long term. And it does not break the rules of DCA, it just changes the frequency, and makes investing easier. To me, DCA is not a one-size-fits-all strategy. It is a method of adjusting according to the income structure, risk tolerance and long-term goals of the individual. And I had a discussion with Sir @JayJuanGee on this and he agreed on this whole issue. And he suggested to me that the amount of DCA can be determined every time you buy. Which makes this method of DCA more realistic.

To make your explanation easier. A contractor that do get contracts twice in a year can use DCA to accumulate bitcoin. When he's been paid, he will minus all his expenses and needs for the period of time before he gets another contract. His discretionary income can be spread out in various weeks and keep his DCA ongoing.

A regular income isn't the most important thing because some people have regular income with no discretionary income. Discretionary income is what we need to start our bitcoin investment.

[Stormisover]

I
in my opinion the matter is very simple. most people enter investing with the thought of quick profit but the market never favors rushing. a small drop creates fear fear turns into panic and panic leads to wrong decisions. they sell quickly and later realize the real loss came from losing their patience. those who have lost money at least understand this truth that investing cannot be done with emotions. but new people come without that experience and think this time it will be different. in reality nothing is different the same mistakes happen again. real value does come in the long term but just sitting and waiting is not enough learning over time investing wisely and moving forward with patience is the real game.

Going on a long-term helps in automatically handling the probable emotions, fear and panics, so that means wrong decision that will lead losing funds is already taken care of because long-term investment is patience oriented.

Those who come for quick profits always learn the hard way and that's one thing I really love about Bitcoin investment, it gives everyone the opportunity to hop in but those who fail to do it right always learn the hard way. It's been said that one would need to prioritise being patient but it doesn't end there, you still ought to be smart and desperate to be successful with it that's why determination matters too so you'll be able to overcome obstacles like fear and panic. Bitcoin investment would tend to play with your emotions due to volatility but those who are very determined always scale through.

There is no other best way of overcoming obstacles like fear and panic than whenever you are investing you are always investing from your discretionary income, primarily using a discretionary income is what put your emotions at rest other factors that will help in overcoming fear or panic at any point are secondary, you don't need to be desperate for anything but you will rather work according to how best your investment plans can suitable for you and you alone because certain level of desperation for success can result to making mistakes.

[ChocolateBitcoinK]

~snip~

All the strategies has its pros and cons. Buying the dip isn't a good strategy for beginners that are still starting to invest in bitcoin. The DCA strategy would be more good for them to start with as this will eliminate the stress and pressure of always timing the market and missing out opportunities as a result of waiting for a dip. However, I won't say buying dip isn't good for someone who has been buying bitcoin or who has bought a huge amount of bitcoin either through lump sum buying, they can decide to use buying the dip

Buying the dip and lump sum are different strategies.

They are of course two very different strategies of buying Bitcoin. In short, folks who buy the dip relies on timing the market to take advantage of a temporaryy price drops with the intention of getting Bitcoin at a discounted rate...... While Lump summing do not require timing the market, here investors accepts volatility by putting into Bitcoin a fixed amount of money all at once, not minding short term prices fluctuation....

Overall, the most accurate strategy for buying Bitcoin is a long-term strategy. Those who just wait to buy a dip never have their waits over. In buying a dip, investors basically try to time the market so that they can take advantage of a temporary decline and collect Bitcoin at a relatively low price. But this process is never easy because its value is unpredictable, especially in the short term. I am more confident and reliable in long-term strategies than any short-term strategy. You will not get as much as you expect through short-term lump sums, but you may face more losses. That is why the right strategy should be determined when determining the strategy. Long-term DCA is the most reliable.

[MusaPk]

By the way, your point about starting to invest early is a good thing, even though it still might take a decently long time to build up investments for young people, as compared with older people might already have investments... Yet, on the other hand, young people are likely to be advantaged by having bitcoin as a place that they would be able to put money (invest into) as compared with older people might have some disadvantages in hearing about bitcoin late, yet better late than never, so each of us has to start from where we are at.. whether we are old, young or rich or poor.. we start with where we are at and figure out how we are going to approach bitcoin from the place we are at when we first figure out that bitcoin is an option for us.

Thank you for understanding the core point of my post. Everyone is free to invest in Bitcoin whether he is teenager, a young person in his 20s or 30s or elder ones. Those who are have just started their jobs and won't get any pension from government upon retirement, for such people Bitcoin is heaven because they can keep investing in Bitcoin for 10 or more years and they might plan to retire early because of Bitcoin. Older people can also invest in people and Bitcoin will work for them when they might want to relax and don't want to do work anymore.

[Graph001]

I
in my opinion the matter is very simple. most people enter investing with the thought of quick profit but the market never favors rushing. a small drop creates fear fear turns into panic and panic leads to wrong decisions. they sell quickly and later realize the real loss came from losing their patience. those who have lost money at least understand this truth that investing cannot be done with emotions. but new people come without that experience and think this time it will be different. in reality nothing is different the same mistakes happen again. real value does come in the long term but just sitting and waiting is not enough learning over time investing wisely and moving forward with patience is the real game.

Going on a long-term helps in automatically handling the probable emotions, fear and panics, so that means wrong decision that will lead losing funds is already taken care of because long-term investment is patience oriented.

Those who come for quick profits always learn the hard way and that's one thing I really love about Bitcoin investment, it gives everyone the opportunity to hop in but those who fail to do it right always learn the hard way. It's been said that one would need to prioritise being patient but it doesn't end there, you still ought to be smart and desperate to be successful with it that's why determination matters too so you'll be able to overcome obstacles like fear and panic. Bitcoin investment would tend to play with your emotions due to volatility but those who are very determined always scale through.

Very few people who come to Bitcoin in the hope of quick profits can profit from it, and most of them suffer losses. Bitcoin's volatility is not something that everyone can handle. If you want to profit from it in the short term, you will need experience, as well as a very large financial backup and financial management. It is true that Bitcoin offers opportunities to everyone. There is no obligation for you to be rich to invest here, but if you want to profit from it in the short term, you will suffer more losses instead of profits. If you are new, you should consider your financial situation and continue to buy from your discretionary income according to your ability and hold for the long term. Bitcoin has rewarded those who have been able to maintain patience. If you want to be successful by investing, you cannot be desperate with intelligence, it requires patience and discipline. Haste or instability can scare you, which can lead you to make wrong decisions.  So I think it would be better not to expect short-term or quick profits from Bitcoin. And it would be better not to give this advice because it can be confusing for beginners.

[Kelward]

By the way, your point about starting to invest early is a good thing, even though it still might take a decently long time to build up investments for young people, as compared with older people might already have investments... Yet, on the other hand, young people are likely to be advantaged by having bitcoin as a place that they would be able to put money (invest into) as compared with older people might have some disadvantages in hearing about bitcoin late, yet better late than never, so each of us has to start from where we are at.. whether we are old, young or rich or poor.. we start with where we are at and figure out how we are going to approach bitcoin from the place we are at when we first figure out that bitcoin is an option for us.

Thank you for understanding the core point of my post. Everyone is free to invest in Bitcoin whether he is teenager, a young person in his 20s or 30s or elder ones. Those who are have just started their jobs and won't get any pension from government upon retirement, for such people Bitcoin is heaven because they can keep investing in Bitcoin for 10 or more years and they might plan to retire early because of Bitcoin. Older people can also invest in people and Bitcoin will work for them when they might want to relax and don't want to do work anymore.

A young person can buy and hold Bitcoin and not take a long while to build it up if they are making their own money, on the other hand an older person can buy and hold Bitcoin which can take longer time to build because of it's inconsistent funds. What determines how fast or slow your Bitcoin will go is your discretionary funds and how much you're willing to use for Bitcoin accumulation. Having clarified this fact I know that normally older holders will have more stash than the younger ones who are just starting off because of their years of consistent buying.

[Padi24]

Those who come for quick profits always learn the hard way and that's one thing I really love about Bitcoin investment, it gives everyone the opportunity to hop in but those who fail to do it right always learn the hard way. It's been said that one would need to prioritise being patient but it doesn't end there, you still ought to be smart and desperate to be successful with it that's why determination matters too so you'll be able to overcome obstacles like fear and panic. Bitcoin investment would tend to play with your emotions due to volatility but those who are very determined always scale through.

Sorry to say that success can't be achieved through desperation, but by struggling. if you're too desperate to be successful you might end up taking the wrong step, just like those who are too desperate to make profit from Bitcoin investment, instead of investing for Long term they are now looking into short term due how desperate they are to make profit. An investor don't need to be desperate more especially when you're investing in Bitcoin, all you need to do is to figure out everything you will need for your Bitcoin investment to enable you get started, there's no need of being in a hurry as it's something you're investing for future sake.

[Taskford]

DCA strategy may be more suitable for people with regular income. And those with irregular income should have a more flexible strategy. DCA is a good method for those who mainly invest regularly or have a long-term investment goal. It provides the convenience of investing in small amounts to continue investing regularly. Also, it does not require regular market monitoring. Therefore, it is best to consider long-term investments based on your financial situation and capabilities.

DCA does not require regular income.  With DCA you can use it whenever income comes available, whether that is weekly, monthly or some other timeline.  With DCA the amounts do not need to be consistent either, even though some folks will specifically choose to try to stay consistent in the amounts.  That is optional. 

They optionally might also choose to invest a percentage of their discretionary income rather than a specific amount.  DCA give options to customize to a person's income and preferences, and without needing to account for BTC price fluctuations (as you mentioned Cgrexp)

@JayJuanGee ... Sir I understand and agree with your words. I think there was a small mistake in my previous comment. I do not deny that people with irregular income cannot do DCA. In fact, I think that a person with irregular income naturally has to be flexible in terms of time and amount in DCA. Actually, by flexibility, I mean that people with such income cannot tie themselves to the same time or the same amount and have to invest according to the reality of the income. From this point of view, I found regular income  convenient in terms of consistent, mental and behavioral structure.However, I did not want to impose any mandatory condition that the income must be regular. . I accept that DCA is a flexible strategy and can be used according to the type of income and financial reality and the time and amount do not need to be completely consistent.

Let's say that a person gets irregular amounts of pay and the pay comes at irregular times, so if that person also has irregular expenses, then his situation is even more complicated, and so yeah, he may have to be sure that the money that he has is really available to invest into bitcoin before he can invest it.  If he is not sure, then he cannot invest such money until he is sure.  So yeah, I already responded to the angle that a person who has irregular income and irregular expenses may need to maintain higher quantities of back up funds in order to account for such irregularities.

Furthermore if that person also wanted to make sure that he was investing into bitcoin every single week, then maybe he would have to have an extra side funds that is already available for such purposes...and so maybe the side fund is set up with 6-ish weeks of DCA in advance.. and maybe he has another fund that covers rent and food that is set aside.. .. and so he keeps those funds with sufficient amounts, and if they get below certain amounts, then he starts to get worried and maybe he has back up funds for that.. and if he ends up having to tap into one of his funds, he knows he is in BIG trouble.. and probably he would stop buying bitcoin before he would tap into his emergency funds and perhaps he would end up depleting 70% or more of his emergency funds before he would start to consider tapping into his bitcoin... so for sure, he does not want matters to go so far as his needing to tap into his BTC, so there are levels (and priorities regarding which funds get spent first, or which spending gets frozen first), and so he can see the  level of emergency based on how depleted his various back up funds (and reserve funds) get. 

There surely are advantages to receiving pay on a regular and stable basis for guys who have that going for them, yet we know that there also have to be enough funds and perhaps enough back up funds, otherwise investing into bitcoin might get cut off or stalled until such funds are available or not overly depleted.  I would think that the longer guys are in bitcoin, then the better they get at managing and monitoring  their funds so that they don't get themselves into emergency situations.

Great explanation on situations need to consider, since if their expense and also their income is inconsistent or irregular, the most ideal action they can do is to create a layer more back up funds. With these, those things needed like rent, food and other important things will be covered. Then investment especially on Bitcoin will just come when they really have extra funds left after those important to consider has been paid.

The DCA strategy will work if the people doing it didn't get pressured by immediate expenses and their saving. Separating funds is the key to success and people need to have good discipline so they can make their plans work especially that they are aiming for long years of investing on Bitcoin.