The positive results of good, persistent, consistent, ongoing and regular habits might not be felt in the short term. I like to suggest guys to invest into bitcoin as aggressively as they can without overdoing it, and guys have to figure out their own interpretation, and they also do not need to agree - especially since level of aggressiveness (or whimpiness) is totally within the discretion of each of us to choose our level.
Consistency is the key, for those who wants to be aggressive with their accumulation and only those that can make it a regular habit to accumulate aggressively and also prioritise long term holding would get positive results, as for the discretion, I keep telling folks that everyone can't be on the same level financially so our discretion can never be same therefore every investor should and can be aggressive according to what they can generate for discretion, it's not how much you put into Bitcoin that matters, it's about how determined and consistent an investor can be to achieve their goal. I can recall that you've talked about starting small and gradually increase on the long run when more discretionary is generated.
Level of aggressiveness is the chosen investment level within whatever discretionary income that a person has, and it is not about how much discretionary income that they have.
Let's say that there are four people (1,2,3,4) who have discretionary income of $150 per week.
first person chooses to invest 50, consume 50 and save 50
second person chooses to invest 10, consume 70 and save 70
third person chooses to invest 110, consume 20 and save 20
fourth person chooses to invest 140, consume 10 and save 0
Sure there are other examples, yet within the example the fourth one is the most aggressive in regards to his investing into bitcoin, and maybe he is saving $0 because he already has his backup funds established. And, maybe he is being unrealistic by only consuming $10.
Maybe another 4 example might be helpful to say that there are 4 more people
Let's say that there are three other people (4,5, 6) who have discretionary income of $300 per week.
fifth person chooses to invest 110, consume 95 and save 95
sixth person chooses to invest 20, consume 140 and save 140
seventh person chooses to invest 160, consume 70 and save 70
eighth person chooses to invest 270, consume 30 and save 0
The fact that the fifth person invests the same as the third person does not make the fifth person equally aggressive as the 3rd person. The 3rd person is much more aggressive than fifth person.
The seventh person is buying more BTC than the fourth person, even though the fourth person is being more aggressive than seventh person relative to his discretionary income.
Level of aggressiveness can be described how you want, yet if a person has different discretionary income they likely need to be described in terms of percentages rather than absolutes when determining their level of aggressiveness or level of whimpiness relative to another or perhaps relative to themselves in other chosen aggressiveness levels.
Any of us deciding how whimpy or how aggressive we want to be in our bitcoin investment, we have abilities to choose how much to invest, consume and/or save within our discretionary funds, and we might not even choose the same levels of aggressiveness every week, and the strength of our savings (various back up funds) might determine our level of aggressiveness, since if we have already completely established our back up funds, we do not need to continue to put money into our back up funds (savings), so then at that time that wwe have completely established our back up funds, we would only have invest and consume as the two remaining ways to use our discretionary funds, and surely we have more freedom to be more aggressive if our back up funds have already been established at a high enough level and maybe our back up funds have enough funds to cover 3 months or more of our expenses...so the amount of our back up funds gives us more abilities (options) to be more aggressive with the investment and/or even the consumption of our discretionary funds each time that we receive our pay.
Investors can combine all three strategies as long as they have sufficient discretionary income. If its convenient I would recommend the combine use of the DCA, lump sum and Buy dip strategies. This way they wouldn't rely on a single strategy instead they would have more than one strategy to accumulate bitcoin.
I don't think combining all bitcoin accumulating strategy is needed if you want to be efficient and decisive in your accumulation journey.
What I think is the best is using the dca accumulating strategy to buy and accumulate Bitcoin consistently either weekly or monthly, and if in the process of accumulating and their is a serious dip in the market, you can still accumulate and buy Bitcoin aggressively during that period if you have a reserve funds stationed to carry it out, so I think that both methods are enough for any bitcoin investor to accumulate and get to his over accumulation status faster than trying to use all strategies that might get you confused.
In my opinion, all three strategies are good in accumulating Bitcoin however we should not let's our emotions be the basis of investments because the capital is there. If Dollar Cost Averaging (DCA) can get you 4 BTC on a normal, during a dip that same DCA can get you more BTC there by fast tracking your BTC accumulation.
That is not true Father111. You do not automatically get more bitcoin merely because you buy the dip rather than DCA. There is no way to assure that the BTC price to go down, and when you put yourself into a waiting rather than an ongoing buying mode, you may well screw up your own level of bitcoin buying to cause it to become more inclined to wait and also have possibilities of not managing your money sufficiently well to be able to use such previously available monies to buy bitcoin, even if the BTC price ends up dropping as you expected and within a time frame as expected.. which is a BIG IF.
But, hey, you can do what you like if you want to fantasize about buying dips as if you have any clue about where the BTC prices might or might not go.
The positive results of good, persistent, consistent, ongoing and regular habits might not be felt in the short term. I like to suggest guys to invest into bitcoin as aggressively as they can without overdoing it, and guys have to figure out their own interpretation, and they also do not need to agree - especially since level of aggressiveness (or whimpiness) is totally within the discretion of each of us to choose our level.
To each it's own, and as we have heard a lot of advises and debated and argued about the pros and cons, at the end of the day it will still boils down to the individual himself on how "aggressively" he wanted to invest and then look for the long term benefit of it and obviously, on how he will get the benefit. So others might wanted to invest $100.00 weekly or there will be others who wanted $100.00 monthly. But at the end of the day, the goal will still be the same albeit the profit might not be.
We post in these various threads about bitcoin in order to show various investment and/or cashflow management practices that can be helpful to guys choosing to invest in bitcoin. Guys can measure their discretionary income and arrive at differing conclusions regarding how aggressive they want to be in regards to their bitcoin investing and they can choose how strong they want their cashflow systems/practices to be, so I doubt that suggesting "do whatever you want" is going to be very helpful to attempt to figure out some of the parameters related to bitcoin investing and cashflow management.
We are hear to make money,
If you are focused on such superficial framing of the matter, then you sound like a trader rather than an investor.. and many of us recommend against fucking around with trading, especially when it comes to bitcoin.
If you do it correctly, then investing in bitcoin should provide you with more options in regards to financial independence, so sure making money is part of the deal, yet I doubt that making money is a main focus of a bitcoin investor, since guys are learning about bitcoin, and they likely will learn that it is much better to hold value in bitcoin as compared to holding value in dollars or other fiat currencies.
So if you had spent 4-10 years or longer building up your bitcoin stash, it seems pretty retarded to sell all of it, and also if you make money and you hold such value within inferior assets/currencies, then you may well end up losing all the money that you had built up (or could have had built up f you would have had managed the money with better strategies and/or practices).
not just for us but for the next generation.
Not everyone chooses to invest for the next generation, even though sure some guys have that as one of their goals.
Maybe we have small kids right now, but what if we started to invest in let's say 2 cycles and see how it goes? But that time our kids could be going to school and we need money for their education. So Bitcoin and our investment on it could be the answer as we could be making huge accumulation and gains throughout that 2 cycles that the ROI is greater than what we expected.
It might not be a good idea to use your money like that, especially if you end up depleting your bitcoin after having had built up your investment for 2 cycles, even though there could be ways to engage in sustainable withdrawal, yet sure, no one can tell others how to use their bitcoin or whether to use their bitcoin. I talk about time based and price based sustainable withdrawal techniques in
my thread on the topic.