Buy Buy Buy or Sell Sell Sell?

[Muba20]

When prices of bitcoin are fluctuating, how do you know when to buy?

Use the dca strategy to buy bitcoin you will not be worried about the volatility of BTC  if you are waiting for the perfect entry to buy you will be making a mistake bitcoin price will always fluctuate that's the nature so to over come it is by buying BTC consistently using the dca strategy, this dca strategy will enable you buy BTC without considering about the price and also with this strategy (dca) you can buy with your discretionary income and hodl for 4-10 .

The Bitcoin market is volatile for those who basically wait for the right time to buy when the perfect time comes, it is difficult to find the perfect time. So if you have a long-term goal, then investing in the DCA method is the best. As you said (4-10) , I think it is better to start with a small amount than not at all. And starting with a small amount in the DCA method makes it relatively easier to deal with market volatility. There is less mental stress and it is easier to continue investing regularly whether the market increases or decreases. In addition, in the DCA method, a long-term investor is able to earn his average income from market fluctuations. On the one hand, the DCA method is a safe strategy and is effective in overcoming market volatility and mental stress and providing long-term investment benefits.

[Derekfunds]

Obviously DCA seems the best strategy for a newbie, newbies can keep learning while already investing. That DCA is a gradual move on accumulation journey doesn't make it weak. The pressure of volatility is not visible to a newbie who is using DCA strategy and DCA strategy on it's own looks long-term oriented. An investor can target a long time of applying DCA which makes it relational to long-term investment approach. DCA can even increase the focus on Bitcoin accumulation thereby undermining the temptations of fake exchanges and pump-and-dump scheme/shitcoins.

Talking about the best strategy, then it is DCA. DCA isnt just the best for the newbies, it is the best for all. The newbies, old investors, rich, poor, average class etc, can all make use of DCA...Using DCA makes it possible for folks to keep buying without necessarily timing the markets or waiting for the perfect entry point...With DCA you are able to adjust your buys based on the current level of your income and if you experience an increased income in the future,  DCA still makes it possible for you to still apply flexibility to your buys. But then this may very well not be possible with other strategies...

Dude all the strategies are best and unique in their own way and people who consider DCA method best are people or folks that are using little amount of money to accumulate Bitcoin and yes for them it is best because they can afford to use that strategy. Those who always use the lump sum method consider it as best because they can also afford it and they knew the amount of Bitcoin fraction they always get in a lump sum. How we follow up with any strategy matters a lot because there are people who are still using the DCA method and yet they are comfortable with it even when people say it is the best.

[ejikeme24]

When prices of bitcoin are fluctuating, how do you know when to buy?

You should be worried about figuring out your discretionary income to get started instead of Looking for the perfect time to invest, just so you know, there's no perfect time to buy. the only time which I know is best to buy is when you have discretionary income, But if you have already figure out your discretionary income then I will advise you start today or tomorrow. Because if you're waiting for the price to settle, you might wait from now till next year yet, it won't settle Because that's the nature of Bitcoin. it is not a stable coin, so don't think that it is one of those stable coin because the price is not stable so it is high time you understand this and just get started as soon as possible if you have already figure out your discretionary income.

[Proty]

Obviously DCA seems the best strategy for a newbie, newbies can keep learning while already investing. That DCA is a gradual move on accumulation journey doesn't make it weak. The pressure of volatility is not visible to a newbie who is using DCA strategy and DCA strategy on it's own looks long-term oriented. An investor can target a long time of applying DCA which makes it relational to long-term investment approach. DCA can even increase the focus on Bitcoin accumulation thereby undermining the temptations of fake exchanges and pump-and-dump scheme/shitcoins.

Talking about the best strategy, then it is DCA. DCA isnt just the best for the newbies, it is the best for all. The newbies, old investors, rich, poor, average class etc, can all make use of DCA...Using DCA makes it possible for folks to keep buying without necessarily timing the markets or waiting for the perfect entry point...With DCA you are able to adjust your buys based on the current level of your income and if you experience an increased income in the future,  DCA still makes it possible for you to still apply flexibility to your buys. But then this may very well not be possible with other strategies...

Dude all the strategies are best and unique in their own way and people who consider DCA method best are people or folks that are using little amount of money to accumulate Bitcoin and yes for them it is best because they can afford to use that strategy. Those who always use the lump sum method consider it as best because they can also afford it and they knew the amount of Bitcoin fraction they always get in a lump sum. How we follow up with any strategy matters a lot because there are people who are still using the DCA method and yet they are comfortable with it even when people say it is the best.

Majority of people that is using the DCA strategy in buying bitcoin maybe using low percentage of there discretionary income. However, there are still people that are dcaing with a large amounts depending on there discretionary income. The amount we used for DCA depends on ones discretionary income, so it is not everybody that is doing DCA strategy to buy bitcoin that is using low amount.

[I_Anime]

When prices of bitcoin are fluctuating, how do you know when to buy?

You should be worried about figuring out your discretionary income to get started instead of Looking for the perfect time to invest, just so you know, there's no perfect time to buy. the only time which I know is best to buy is when you have discretionary income, But if you have already figure out your discretionary income then I will advise you start today or tomorrow. Because if you're waiting for the price to settle, you might wait from now till next year yet, it won't settle Because that's the nature of Bitcoin. it is not a stable coin, so don't think that it is one of those stable coin because the price is not stable so it is high time you understand this and just get started as soon as possible if you have already figure out your discretionary income.

This question is quite common when come to bitcoin, should I wait for dip before I buy ? , when is the best time to buy ? , Bitcoin is to expensive , so which other coin with  Bitcoin type of  potential can I buy? .

The is that there’s no best time to buy bitcoin just like as many users has said already. When you have some discretionary cash and you are ready to invest , you can literally start anytime even now just as long you have discretionary cash to purchase.

Bitcoin is not a stable coin , so yes the price do fluctuates and sometime it may increase to a point that some folk may start to doubt if they can even afford it , but the truth is that there’s no fixed amount that you need to start investing in bitcoin, just Aslong you have some discretionary cash ( leftover cash after handling expenses) , you are good to go no matter how big small the amount may be at that moment . So focus on bitcoin and neglect shitcoins , because bitcoin is safer with good potential too .

Waiting for the dip , many think that’s a smart  move but Is not actually because no one can time the market so we can’t tell when the market is going to dip and many percent the dip is going to be , so best is play it safe by using a strategy that would help you against volatility which is DCA.

[PhilosopherKing]

As a long term investor what do you need to be thinking about in Bitcoin? Thinking about Bitcoin is a waste of time and I don't think anyone who is serious to investor and hold for long will be worried or think about Bitcoin because it is not necessary. An investor is already aware of the volatile nature of Bitcoin so thinking about the fluctuations and getting yourself worked up is an impression that you don't trust what you are investing on. I disagree with you when you said putting a lot of money at once often bring regret because this is not true, a serious investor with a huge discretionary can purchase as many fraction as possible at a time  and there won't be any regrets but if the investor use money outside their discretionary then there will be a problem.

Humans can do whatever the hell they desire to do, even thinking about the price of bitcoin all day long if they want to, there is nothing wrong with that.

But don't give room for those thoughts to let you panic and make dumb and irrational decisions that can wreck your accumulation.

The secret to long term investment is to always be in control mentality, not allowing those thoughts of yours and things you see to sabotage your long term plan.

[SuperBitMan]

Obviously DCA seems the best strategy for a newbie, newbies can keep learning while already investing. That DCA is a gradual move on accumulation journey doesn't make it weak. The pressure of volatility is not visible to a newbie who is using DCA strategy and DCA strategy on it's own looks long-term oriented. An investor can target a long time of applying DCA which makes it relational to long-term investment approach. DCA can even increase the focus on Bitcoin accumulation thereby undermining the temptations of fake exchanges and pump-and-dump scheme/shitcoins.

Talking about the best strategy, then it is DCA. DCA isnt just the best for the newbies, it is the best for all. The newbies, old investors, rich, poor, average class etc, can all make use of DCA...Using DCA makes it possible for folks to keep buying without necessarily timing the markets or waiting for the perfect entry point...With DCA you are able to adjust your buys based on the current level of your income and if you experience an increased income in the future,  DCA still makes it possible for you to still apply flexibility to your buys. But then this may very well not be possible with other strategies...

Dude all the strategies are best and unique in their own way and people who consider DCA method best are people or folks that are using little amount of money to accumulate Bitcoin and yes for them it is best because they can afford to use that strategy. Those who always use the lump sum method consider it as best because they can also afford it and they knew the amount of Bitcoin fraction they always get in a lump sum. How we follow up with any strategy matters a lot because there are people who are still using the DCA method and yet they are comfortable with it even when people say it is the best.

Majority of people that is using the DCA strategy in buying bitcoin maybe using low percentage of there discretionary income. However, there are still people that are dcaing with a large amounts depending on there discretionary income. The amount we used for DCA depends on ones discretionary income, so it is not everybody that is doing DCA strategy to buy bitcoin that is using low amount.

Yes you are right there are a lot of people that are using DCA strategy and using huge amount of money to accumulate bitcoin, yes you are very correct the amount of your discretionary income is the amount you can invest meaning if you have $1k as your discretionary income you can be using it to invest and if you have $50 as your discretionary income that is what you will use to invest in bitcoin. The amount of discretionary income you have is what you will use to invest, so it those not mean that people are using small amount of money to invest you need to understand that it all depends on your discretionary income.

[centrum]

When prices of bitcoin are fluctuating, how do you know when to buy?

Use the dca strategy to buy bitcoin you will not be worried about the volatility of BTC  if you are waiting for the perfect entry to buy you will be making a mistake bitcoin price will always fluctuate that's the nature so to over come it is by buying BTC consistently using the dca strategy, this dca strategy will enable you buy BTC without considering about the price and also with this strategy (dca) you can buy with your discretionary income and hodl for 4-10 .

DCA strategy is the easiest and most practical way to buy bitcoin especially for regular people,because no one can be sure where the price will stop or what the perfect entry is,waiting for the perfect price usually means missing opportunities,,bitcoin’s price will always move up and down that is its nature. today it goes up tomorrow it comes down and that cannot be changed,,with dca you do not need to worry about this volatility,by buying small amounts consistently over time you slowly build a good average price and reduce mental stress, the best part is that you can use your discretionary or extra income to follow this strategy, there is no rush and no pressure, if you stay patient and hold for four to ten years the real power of this strategy becomes clear...

[Crytohillss]

When prices of bitcoin are fluctuating, how do you know when to buy?

Use the dca strategy to buy bitcoin you will not be worried about the volatility of BTC  if you are waiting for the perfect entry to buy you will be making a mistake bitcoin price will always fluctuate that's the nature so to over come it is by buying BTC consistently using the dca strategy, this dca strategy will enable you buy BTC without considering about the price and also with this strategy (dca) you can buy with your discretionary income and hodl for 4-10 .

DCA strategy is the easiest and most practical way to buy bitcoin especially for regular people,because no one can be sure where the price will stop or what the perfect entry is,waiting for the perfect price usually means missing opportunities,,bitcoin’s price will always move up and down that is its nature. today it goes up tomorrow it comes down and that cannot be changed,,with dca you do not need to worry about this volatility,by buying small amounts consistently over time you slowly build a good average price and reduce mental stress, the best part is that you can use your discretionary or extra income to follow this strategy, there is no rush and no pressure, if you stay patient and hold for four to ten years the real power of this strategy becomes clear...

With the DCA method Bitcoin consistently over time without stressing about short term price movement people purchase an invest using their discretionary income stay patience and consistency and hold for the long period of term 30 to 35 years over time this idea helps reduce and removes emotion from people purchasing decision.

[Popkon6]

When prices of bitcoin are fluctuating, how do you know when to buy?

Use the dca strategy to buy bitcoin you will not be worried about the volatility of BTC  if you are waiting for the perfect entry to buy you will be making a mistake bitcoin price will always fluctuate that's the nature so to over come it is by buying BTC consistently using the dca strategy, this dca strategy will enable you buy BTC without considering about the price and also with this strategy (dca) you can buy with your discretionary income and hodl for 4-10 .

DCA strategy is the easiest and most practical way to buy bitcoin especially for regular people,because no one can be sure where the price will stop or what the perfect entry is,waiting for the perfect price usually means missing opportunities,,bitcoin’s price will always move up and down that is its nature. today it goes up tomorrow it comes down and that cannot be changed,,with dca you do not need to worry about this volatility,by buying small amounts consistently over time you slowly build a good average price and reduce mental stress, the best part is that you can use your discretionary or extra income to follow this strategy, there is no rush and no pressure, if you stay patient and hold for four to ten years the real power of this strategy becomes clear...

With the DCA method Bitcoin consistently over time without stressing about short term price movement people purchase an invest using their discretionary income stay patience and consistency and hold for the long period of term 30 to 35 years over time this idea helps reduce and removes emotion from people purchasing decision.

That is why Bitcoin investment depends on the income of the person and his ability. If a person is able to hold Bitcoin for a long time, then he must have good discretionary income, at the present time, the right time to buy Bitcoin is if someone follows the DCA method, there is more opportunity for him. Because the market is in the midst of pumping and dumping and naturally stays at the same level for a long time, so buying Bitcoin will definitely create a saving in the purchase price. But not for such a long time, if the investor holds it for 5 to 10 years or more according to his ability, this will be suitable for him.

[centrum]

When prices of bitcoin are fluctuating, how do you know when to buy?

Use the dca strategy to buy bitcoin you will not be worried about the volatility of BTC  if you are waiting for the perfect entry to buy you will be making a mistake bitcoin price will always fluctuate that's the nature so to over come it is by buying BTC consistently using the dca strategy, this dca strategy will enable you buy BTC without considering about the price and also with this strategy (dca) you can buy with your discretionary income and hodl for 4-10 .

DCA strategy is the easiest and most practical way to buy bitcoin especially for regular people,because no one can be sure where the price will stop or what the perfect entry is,waiting for the perfect price usually means missing opportunities,,bitcoin’s price will always move up and down that is its nature. today it goes up tomorrow it comes down and that cannot be changed,,with dca you do not need to worry about this volatility,by buying small amounts consistently over time you slowly build a good average price and reduce mental stress, the best part is that you can use your discretionary or extra income to follow this strategy, there is no rush and no pressure, if you stay patient and hold for four to ten years the real power of this strategy becomes clear...

With the DCA method Bitcoin consistently over time without stressing about short term price movement people purchase an invest using their discretionary income stay patience and consistency and hold for the long period of term 30 to 35 years over time this idea helps reduce and removes emotion from people purchasing decision.

That is why Bitcoin investment depends on the income of the person and his ability. If a person is able to hold Bitcoin for a long time, then he must have good discretionary income, at the present time, the right time to buy Bitcoin is if someone follows the DCA method, there is more opportunity for him. Because the market is in the midst of pumping and dumping and naturally stays at the same level for a long time, so buying Bitcoin will definitely create a saving in the purchase price. But not for such a long time, if the investor holds it for 5 to 10 years or more according to his ability, this will be suitable for him.

investing in bitcoin means first understanding your real situation,you should only invest according to your income and your level of patience, going beyond your ability creates mental pressure and increases the chance of making wrong decisions,, that is why investing with loans or stress is never a good idea, slowly and calmly buying using DCA with your extra money is the best approach the market sometimes goes up sometimes goes down and sometimes stays at the same level and this is normal, in such conditions buying small amounts reduces the impact of volatility,if someone can hold for five to ten years or even longer this strategy truly works, the main point is not to rush trust your plan and move forward with patience...

[JayJuanGee]

As we may have it that some are already echoing buy buy, while the necessary plan and financial aid is not in place for the smooth running of their investments, because this is not what can be taken under a hash condition, we needed time to plan ourselves out and make the right decision as to what could be of profit to us at the long run.

Therefore, the order of how things should be done must be our first priority, getting the right investment strategy, and having plan ahead the time we are going to invest, so that it will be done without mixing things up and getting them more complicated for ourselves, because this is al about bitcoin investment as we may not be able to opt out anytime we like except when the market indicates so.

‎I somehow like the idea of preparation before a person jumps into Bitcoin investments. You know, Bitcoin isn't something a person will just jump in blindly all because of FOMO. It's Better to have clear plan on how you want to invest ( e.g Amount you want use to invest, is it every day or weekly you want to keep buying, how long you want to hold, tolerance level, expectations, keeping your emergency funds etc) makes a big difference. With a good plan you won't be interested to short term market movement or noise. Because your focus on a long term.

How much time should a guy spend creating his preparations?  A few hours?  A few days? A few weeks?  A few months?  A year or so?  or some other quantity of time?

How about the variance in the schedules of people? and how much time that they can dedicate towards preparing?  How much time should they schedule for their preparing? Do you imagine a person to be in a certain lifestyle so he can just fit the preparations in?  Does he need to read some investment books?  bitcoin books? or some other kind of knowledge that would help?

Could you imagine scenarios that guys get started and plan as they go?

Or do you think that the planning needs to take place before getting started?

How much emergency funds (or back up funds) do you think is needed before getting started?

How about other prerequisites you consider to be important, before getting started?  You are considering getting in a certain mindset that will help in the holding through potentially tough and volatile times?

You were responding to Nathrixxx, and Nathrixxx seems to think that we have to plan our bitcoin investment so that we only get out when the market indicates that we should get out.. Check out his last sentence that I have bolded.  Do you agree with him?  You think we should look at the market to help to tell us what to do?

[Jewan420]

Majority of people that is using the DCA strategy in buying bitcoin maybe using low percentage of there discretionary income. However, there are still people that are dcaing with a large amounts depending on there discretionary income. The amount we used for DCA depends on ones discretionary income, so it is not everybody that is doing DCA strategy to buy bitcoin that is using low amount.

Not everyone has the same financial plan. Some have different financial plans that support their situation. The amount of discretionary money that is appropriate for them to use for DCA depends on their financial capacity, backups and needs. If you already have a strong backup fund and still have plenty of funds outside of discretionary money, then using most of your discretionary money for investments may be appropriate for you. Some people are relatively financially poor and investing most of their discretionary money may be counterproductive, but they are of course free to make decisions based on their circumstances.

[Tonimez]

As we may have it that some are already echoing buy buy, while the necessary plan and financial aid is not in place for the smooth running of their investments, because this is not what can be taken under a hash condition, we needed time to plan ourselves out and make the right decision as to what could be of profit to us at the long run.

Therefore, the order of how things should be done must be our first priority, getting the right investment strategy, and having plan ahead the time we are going to invest, so that it will be done without mixing things up and getting them more complicated for ourselves, because this is al about bitcoin investment as we may not be able to opt out anytime we like except when the market indicates so.

‎I somehow like the idea of preparation before a person jumps into Bitcoin investments. You know, Bitcoin isn't something a person will just jump in blindly all because of FOMO. It's Better to have clear plan on how you want to invest ( e.g Amount you want use to invest, is it every day or weekly you want to keep buying, how long you want to hold, tolerance level, expectations, keeping your emergency funds etc) makes a big difference. With a good plan you won't be interested to short term market movement or noise. Because your focus on a long term.

How much time should a guy spend creating his preparations?  A few hours?  A few days? A few weeks?  A few months?  A year or so?  or some other quantity of time?

The best time to invest in bitcoin is always NOW provided you have an available discretionary income. The planning time could be very immaterial as no amount of time spent on planning on when to start investing in bitcoin would be enough to understand everything about bitcoin. Many people who have spent years in bitcoin haven't even understood greater percentage of bitcoin behaviours not to talk of a beginner trying to understand bitcoin before investing in bitcoin, that means you may spend all your life getting prepared.

How about the variance in the schedules of people? and how much time that they can dedicate towards preparing?  How much time should they schedule for their preparing? Do you imagine a person to be in a certain lifestyle so he can just fit the preparations in?  Does he need to read some investment books?  bitcoin books? or some other kind of knowledge that would help?

Well I would say that a beginner (in every aspect of investment) should always consult literatures and already established knowledge before going into it. Investing in bitcoin too also requires seeking some knowledge from pages of books (search engines) which will help the person to make decisions. Reading books does not imply spending years trying to read all volumes of books or study a course before investing. Most times I think it's advisable to read about bitcoin Volatility and the benefits of HODLing bitcoin for a long-term. This would help give the beginner a conviction that he is not going to waste his time HODLing bitcoin for nothing. The purpose of investment is to save up funds, make profits or retain values. So it would be good to know that bitcoin is not like every other shitcoins that fades off over time instead Bitcoin gets stronger as the time goes.

Could you imagine scenarios that guys get started and plan as they go?

This is a better option but this does not also mean that the beginner should not seek to know how genuine bitcoin is and it's long-term value. This is because of the many bad names that people have given to bitcoin because of the influence of other shitcoins that fades over time. I would even opine that basically every bitcoin investor keeps planning and replanning as he invests. Old investors sometimes replan their DCA approach/allocation by either increasing or reducing their investments amount especially after attaining the overa cumulation stage or in the event of increase or reduction in income or variation in basic responsibilities. So it would be right to state that Planning continues and is unending in bitcoin, hence it's better to start investing and then plan as you go.

Or do you think that the planning needs to take place before getting started?

I would say that there should be an initial plan before going into bitcoin but now a total planning. The initial planning I mean is to analyse your income and expenditure. To identify your Discretionary income and also plan your emergency funds and back up funds while also taking care of your basic responsibilities. If an investor doesn't plan this cashflow management, he may end up failing too soon after starting.

How much emergency funds (or back up funds) do you think is needed before getting started?

Even though this could be a rhetoric but I would say that there's no fixed amount of emergency funds or back up funds to have before going into bitcoin investment because responsibilities vary and the amount of emergency funds required by a single person will be quite different from the amount of emergency funds that a family of 5 needs to have. Also it depends on the rate at which your income is generated. An investor who earns weekly is not the same as an investor who earns monthly, so there's no fixed amount for emergency funds. What matters is the financial discipline and not ever attempting to play smart by investing with you emergency funds.

How about other prerequisites you consider to be important, before getting started?  You are considering getting in a certain mindset that will help in the holding through potentially tough and volatile times?

You were responding to Nathrixxx, and Nathrixxx seems to think that we have to plan our bitcoin investment so that we only get out when the market indicates that we should get out.. Check out his last sentence that I have bolded.  Do you agree with him?  You think we should look at the market to help to tell us what to do?

Mindset preparation is very important to every bitcoin investor for the sake of HODLing for long time. If you don't have a good mindset, you may panic unnecessarily and end up loosing out by either selling prematurely or selling at loss. I don't think that there is a specific period that the market only wants you do come in or leave bitcoin investment except if you want to go into bitcoin trading which is even riskier. Investing in bitcoin is best to start as at when you have an available discretionary income and not waiting for dips or selling when you feel you have seen a profit on your investment. The earlier you join bitcoin investment, the better and also, the longer you HODL the better chances to make profits (even though this is not fixed).

[fadhilz123]

With the DCA method Bitcoin consistently over time without stressing about short term price movement people purchase an invest using their discretionary income stay patience and consistency and hold for the long period of term 30 to 35 years over time this idea helps reduce and removes emotion from people purchasing decision.

The timeframe you mentioned seems very long, and it wouldn't be easy for everyone to consistently implement it, even if it seemed promising at first. Bitcoin isn't even twenty years old yet, and if you're suggesting investing for that long, perhaps you should focus on young people under twenty so they can enjoy the rewards of their investment in their later years. If you recommend investing for that long to people over thirty or even forty, it might be difficult for them to enjoy the rewards of their investment when they're still alive.

And the suggestion to buy using the DCA method is not wrong, but everyone also needs to pay attention to how long it will take to see changes in their own lives, because living this life also requires daily needs that cannot be ignored even though everyone uses discretionary funds for their own investments.

[Solokan]

Obviously DCA seems the best strategy for a newbie, newbies can keep learning while already investing. That DCA is a gradual move on accumulation journey doesn't make it weak. The pressure of volatility is not visible to a newbie who is using DCA strategy and DCA strategy on it's own looks long-term oriented. An investor can target a long time of applying DCA which makes it relational to long-term investment approach. DCA can even increase the focus on Bitcoin accumulation thereby undermining the temptations of fake exchanges and pump-and-dump scheme/shitcoins.

In my opinion, it's not just beginners, but even those who are not beginners use the DCA technique because it is a good technique that focuses only on buying BTC without looking at the price of BTC. And indeed, many people have now felt the benefits of the DCA technique. However, in my opinion, other techniques can also be considered good because, in my view, the most important thing is that they are able to hold BTC for the long term, regardless of the technique used, because there are also many people who use the DCA technique but are not strong enough to hold BTC for the long term.

[Jamestown70]

As we may have it that some are already echoing buy buy, while the necessary plan and financial aid is not in place for the smooth running of their investments, because this is not what can be taken under a hash condition, we needed time to plan ourselves out and make the right decision as to what could be of profit to us at the long run.

Therefore, the order of how things should be done must be our first priority, getting the right investment strategy, and having plan ahead the time we are going to invest, so that it will be done without mixing things up and getting them more complicated for ourselves, because this is al about bitcoin investment as we may not be able to opt out anytime we like except when the market indicates so.

‎I somehow like the idea of preparation before a person jumps into Bitcoin investments. You know, Bitcoin isn't something a person will just jump in blindly all because of FOMO. It's Better to have clear plan on how you want to invest ( e.g Amount you want use to invest, is it every day or weekly you want to keep buying, how long you want to hold, tolerance level, expectations, keeping your emergency funds etc) makes a big difference. With a good plan you won't be interested to short term market movement or noise. Because your focus on a long term.

Could you imagine scenarios that guys get started and plan as they go?

In my opinion, that’s a good approach newbies should try to inculcate in the process of planning to start accumulating bitcoin. Because the more you wait and plan is the more you’ll keep seeing reasons to wait and telling yourself I’m not yet prepared, I’m not yet good enough, I’ve not obtained the mental knowledge or the patience to wait on a long term or you want to grow your emergency fund to certain stage so you’ll be on a safer side?.. No. Rather while doing those little plan you kick start your investment with DCA method, despite how wimpy it may seem, with time as you’ve got your shit together you can start allocating more funds to your portfolio from discretionary funds. That’s an approach that is more practical to me and I’ll recommend to newbies instead of waiting and planning for a long time.

[Futurexxx]

Could you imagine scenarios that guys get started and plan as they go?

In my opinion, that’s a good approach newbies should try to inculcate in the process of planning to start accumulating bitcoin. Because the more you wait and plan is the more you’ll keep seeing reasons to wait and telling yourself I’m not yet prepared, I’m not yet good enough, I’ve not obtained the mental knowledge or the patience to wait on a long term or you want to grow your emergency fund to certain stage so you’ll be on a safer side?.. No. Rather while doing those little plan you kick start your investment with DCA method, despite how wimpy it may seem, with time as you’ve got your shit together you can start allocating more funds to your portfolio from discretionary funds. That’s an approach that is more practical to me and I’ll recommend to newbies instead of waiting and planning for a long time.

I agree to all that you said here, sometimes we as humans are our own greatest enemy, because since level one is the most difficult level, we easily get discouraged to start even when the opportunity arise. Sometimes we uses too much planning that brought about wasting of time and procrastination to kill the actual purpose of why we wanted to invest. This is why I will always advice that once you are able to figure out your discretionary income their is no point waiting or thinking much, just start your accumulation, even though you start very small as you have already said, it's very important that you start, because that would spur you on your accumulation journey, along the line you may seek for more knowledge and put down measures to enable you hold strong into the future, even in faced of emergency situations.

[alankasman]

In my opinion, that’s a good approach newbies should try to inculcate in the process of planning to start accumulating bitcoin. Because the more you wait and plan is the more you’ll keep seeing reasons to wait and telling yourself I’m not yet prepared, I’m not yet good enough, I’ve not obtained the mental knowledge or the patience to wait on a long term or you want to grow your emergency fund to certain stage so you’ll be on a safer side?.. No. Rather while doing those little plan you kick start your investment with DCA method, despite how wimpy it may seem, with time as you’ve got your shit together you can start allocating more funds to your portfolio from discretionary funds. That’s an approach that is more practical to me and I’ll recommend to newbies instead of waiting and planning for a long time.

When this approach begins to take hold it should be easier for us to continue accumulating Bitcoin without overthinking. Having too much on our minds can certainly hinder us from achieving our true goal of planning our Bitcoin accumulation process especially as beginners. There's certainly a lot to understand but we shouldn't get too caught up in planning which can leave us even further behind in the process.

There's a positive side to planning, especially when coupled with investing. Having an emergency fund makes investing even easier. Having an emergency fund provides the freedom to plan anything but investing continues making everything easier for us as beginners. Having an emergency fund is crucial for investing. Having an emergency fund makes it easier to implement various methods as it provides sufficient capital. This allows one to allocate more of those funds to their portfolio.

[Cossyblack]

Majority of people that is using the DCA strategy in buying bitcoin maybe using low percentage of there discretionary income. However, there are still people that are dcaing with a large amounts depending on there discretionary income. The amount we used for DCA depends on ones discretionary income, so it is not everybody that is doing DCA strategy to buy bitcoin that is using low amount.

The notion that DCA strategy is only used by  low incomers is misleading as this is not true.
DCA strategy could be used by both low and high income earners provided there want to accumulate bitcoin and have discretionary income to invest.
DCA strategy isn't beyond anyone reached yes it is accessible for anyone provided they have discretionary income to invest for the long term. Sizes of discretionary incomes dependents on the financial status of the investors as some investors discretionary income are bigger than others and what's matters is the consistent availability of discretionary income and investing it consistently for the long term.