Buy Buy Buy or Sell Sell Sell?

[Bigjoe33]

Usually,  income could be variable on certain occasions so it's advisable to set a particular percentage of whatever income for DCA; that would be after settling every important needs.

Setting a percentage for your DCA accumulation isn't a bad idea, but sometimes, it's better you leave it at a manual level where you get to choose the amount to invest at every week or month depending on your cash flow. The reason is that, sometimes, we can't really dictate our emergences. Sometimes, you might have a higher emergency and or demand or expenses, and at this point, if your DCA percentage is fixed, it becomes a problem meeting some of those emergency needs. But on the other hand, if it in manual, where you get to choose the amount, at such situations, you can comfortably adjust your buying amount to suit the situation. So a fixed amount might be an issue I'm such situations.

[ruykeri]

Usually,  income could be variable on certain occasions so it's advisable to set a particular percentage of whatever income for DCA; that would be after settling every important needs.

Setting a percentage for your DCA accumulation isn't a bad idea, but sometimes, it's better you leave it at a manual level where you get to choose the amount to invest at every week or month depending on your cash flow. The reason is that, sometimes, we can't really dictate our emergences. Sometimes, you might have a higher emergency and or demand or expenses, and at this point, if your DCA percentage is fixed, it becomes a problem meeting some of those emergency needs. But on the other hand, if it in manual, where you get to choose the amount, at such situations, you can comfortably adjust your buying amount to suit the situation. So a fixed amount might be an issue I'm such situations.

If someone does not have much volatility in their daily life expenses and their responsibilities are at a tolerable level, then a fixed amount DCA can be done regularly from discretionary income. But I support investing conveniently more than making the amount fixed. It is not just a matter of daily life expenses. In the case of investing in bitcoin, if you invest more amount while investing for a long time, it is easier to reach the goal quickly. So if you keep doing fixed amount DCA, this benefit will not be available. If at some point extra money comes, there will be no opportunity to buy more bitcoin with it. If you invest in Bitcoin conveniently, you can continue investing for a long time.. Even if there is no amount to DCA in a month or week, if for some reason the money is spent excessively, then even if the DCA is closed for a few days, there is no problem. The key to investing in Bitcoin is long-term accumulation. If this is done correctly, then investing in Bitcoin can be successful.

[Decimetre]

Usually,  income could be variable on certain occasions so it's advisable to set a particular percentage of whatever income for DCA; that would be after settling every important needs.

Setting a percentage for your DCA accumulation isn't a bad idea, but sometimes, it's better you leave it at a manual level where you get to choose the amount to invest at every week or month depending on your cash flow. The reason is that, sometimes, we can't really dictate our emergences. Sometimes, you might have a higher emergency and or demand or expenses, and at this point, if your DCA percentage is fixed, it becomes a problem meeting some of those emergency needs. But on the other hand, if it in manual, where you get to choose the amount, at such situations, you can comfortably adjust your buying amount to suit the situation. So a fixed amount might be an issue I'm such situations.

I think you may be misunderstanding some terms. Emergency situations are quite different from basic responsibilities. Emergency situations happen without control and does not necessarily restrict its occurrence to your payday or period. DCA strategy is planned based on your basic responsibilities which are those responsibilities you are obligated to attend to (fixed already by the virtue of your position or acceptance). As a weekly or monthly earner, you plan yourself based on your envisaged expenses which is not rigidly fixed so a little flexibility is also required.

If you have any emergency situations, that is the function of the emergency funds which you have been setting aside except if you have not been serious with it, then you have have problems with the emergency situation or if the emergency situation exceeds your emergency funds. In such case, you can still use your backup funds or your reserved funds so that you won't spend your bitcoin and also so that your DCA allocation may continue.

In the case of increased responsibilities, one can also reduce his DCA allocation except he has a proportional rise  in his income; It may also be the other way round, that a person's responsibilities will reduce and he will have to increase his investment amount. It all depends on the available discretionary income because bitcoin investment is not a do or die affair.

[Rebirth01]

It is important to keep your finances in order, to cover your daily expenses and your children's school expenses and various minor medical expenses and to ensure that you have enough savings in case of sudden danger and for future security. It is also important to have a clear long-term goal for investing in volatile assets like Bitcoin and it is a waste of time to wait for the perfect time where you can start from the present with your remaining money, the DCA strategy is effective. It works for both classes of people.

It is necessary to have a backup fund for investing in Bitcoin. Because it helps to solve sudden financial problems in any person's life, without having to sell Bitcoin holdings. In investing in Bitcoin, it is more important to hold or continue investing for a long time. But in most cases, people cannot hold for a long time due to the volatility of Bitcoin price. They make decisions like panic selling or force selling, which is really a loss for a long-term investor. Because if someone cannot invest in Bitcoin for a long time, then I don't think there is any need to waste money on Bitcoin for short-term trading. If someone enters Bitcoin with a long-term holding or accumulation mindset, then his chances of success are much higher.

It is so true about what you said, one have to be financially prudent. Day to day expenses is key to human survival like money for drugs, food,gas, electricity bill, snacks money for children when going to school, money for notebooks and biro for children etc. one need to save money in case of emergency. Bitcoin is so volatile and dangerous so investing in long term could be dangerous except you have some other investment that gives you daily returns. If you have other investment that gives you daily returns then maybe investing in long term investment will be okay.

[cyberninja2]

It is so true about what you said, one have to be financially prudent. Day to day expenses is key to human survival like money for drugs, food,gas, electricity bill, snacks money for children when going to school, money for notebooks and biro for children etc. one need to save money in case of emergency. Bitcoin is so volatile and dangerous so investing in long term could be dangerous except you have some other investment that gives you daily returns. If you have other investment that gives you daily returns then maybe investing in long term investment will be okay.

It depends on someone who knows how to manage their finances so that when they want to spend money they are sure to only spend what they need. Ultimately our daily lives will be more optimal in managing expenses only spending on necessities and not on desires. The very dangerous thing in investing is that sometimes we spend more of our money on things that are not useful for us, for example we are investing but in investing we already have profits but we sell a small part of the profits just to do with lifestyle for example buying luxury goods but these goods have no benefits for us so this often happens and is rarely fixed by everyone because it is difficult to fix because this has become a habit so that this is what leads us to have nothing for the future even though the goal of investing is good but following a lifestyle that leads us to a direction that cannot find the peak point of success.

[Stive009]

I think most of the newbies to this market do a huge wrong thing at the beginning. They spend more time predicting the direction the market will go than understanding their own financial condition. But one thing they don't understand is that no matter how good the buying option is in the market, if you don't have any cash in your pocket, that opportunity is of no use. Many people are seen to be very enthusiastic and pour all their money in as soon as the price drops a little, leaving nothing to back up later.
The real key to surviving in Bitcoin is your regular cash flow, budget and consistency. There will be price fluctuations, it cannot be stopped. But whether the market conditions are good or bad, whether you are able to invest regularly or not, at the end of the day, that is what makes the real difference.
In my opinion, the biggest advantage of investing according to a plan by following a rule is not buying cheaply, but its real advantage is that it reduces your tendency to make emotional decisions. Because if you think about it a little, you will understand that, more than market fluctuations, it is the wrong decisions made by people under the influence of emotions that become the biggest obstacle to long-term success.

[Umulala-alala]

It is important to keep your finances in order, to cover your daily expenses and your children's school expenses and various minor medical expenses and to ensure that you have enough savings in case of sudden danger and for future security. It is also important to have a clear long-term goal for investing in volatile assets like Bitcoin and it is a waste of time to wait for the perfect time where you can start from the present with your remaining money, the DCA strategy is effective. It works for both classes of people.

It is necessary to have a backup fund for investing in Bitcoin. Because it helps to solve sudden financial problems in any person's life, without having to sell Bitcoin holdings. In investing in Bitcoin, it is more important to hold or continue investing for a long time. But in most cases, people cannot hold for a long time due to the volatility of Bitcoin price. They make decisions like panic selling or force selling, which is really a loss for a long-term investor. Because if someone cannot invest in Bitcoin for a long time, then I don't think there is any need to waste money on Bitcoin for short-term trading. If someone enters Bitcoin with a long-term holding or accumulation mindset, then his chances of success are much higher.

It is so true about what you said, one have to be financially prudent. Day to day expenses is key to human survival like money for drugs, food,gas, electricity bill, snacks money for children when going to school, money for notebooks and biro for children etc. one need to save money in case of emergency. Bitcoin is so volatile and dangerous so investing in long term could be dangerous except you have some other investment that gives you daily returns. If you have other investment that gives you daily returns then maybe investing in long term investment will be okay.

Bitcoin is only volatile and not dangerous to invest in unless you are trader who always like short time things then you can actually say it dangerous and not for long time holdlers. Investing for a long time is absolutely the right way instead of trading for a short time. Bitcoin is a long time investment so i wonder were you learnt that it's dangerous to buy bitcoin and hodl for long, as a newbie who is investing in bitcoin you need to plan for a long time after you have your discretionary income available you can start buying bitcoin gradually using the dca strategy and hodl for long for about 4-10 years or more the most risk part and dangerous of it is investing for a short time trying to take profit when you needed to buying and holding.

[Kelward]

Usually,  income could be variable on certain occasions so it's advisable to set a particular percentage of whatever income for DCA; that would be after settling every important needs.

Setting a percentage for your DCA accumulation isn't a bad idea, but sometimes, it's better you leave it at a manual level where you get to choose the amount to invest at every week or month depending on your cash flow. The reason is that, sometimes, we can't really dictate our emergences. Sometimes, you might have a higher emergency and or demand or expenses, and at this point, if your DCA percentage is fixed, it becomes a problem meeting some of those emergency needs. But on the other hand, if it in manual, where you get to choose the amount, at such situations, you can comfortably adjust your buying amount to suit the situation. So a fixed amount might be an issue I'm such situations.

I believe that it is better to plan most of your fixed expenses in percentages so that you can be focused while allocating funds to them, if you don't have a percentage for your Bitcoin DCA accumulation you might not allocate what is appropriate for it. However Bitcoin accumulation is a discretionary want which doesn't depend on your survival and your must do list therefore the amount for accumulation shouldn't be rigid.

If there is a need to adjust it either to increase or reduce should be at your discretion. But unless there is a need to adjust the amount for your DCA accumulation it is better to allocate the amount from your discretionary funds based on percentage so there wouldn't be any distractions or wondering how much to buy with anything you're ready to buy.