Buy Buy Buy or Sell Sell Sell?

[hmbdofficial]

Long term investment won’t teach you any patience if you don’t already have patience and discipline in your life as a quality, prior to the time of investing in bitcoin. Not everybody has patience as a quality in life, you will be whom you are after investing in bitcoin. Investing in bitcoin won’t just transform an impatience  man to a patient man. That is why some people will tell you that they can’t hold their bitcoin for long, not that they don’t like the idea of holding their bitcoin for a long period, but they lack patience and discipline in their life. Investing in bitcoin won’t change that overnight. At first they can try to hold for few weeks or months, but on the long run their inherent quality will always have the best of them. So it is better for intending investors to know their strength and weaknesses before deciding to invest in bitcoin.

Well, I might as well not agree with your point. I feel patience and discipline are not necessarily fixed qualities that someone must already have before investing in bitcoin. Because those qualities can actually be developed through experience and repeated practice.
Someone that start his investment with small amounts with a long term plan can gradually become more comfortable with volatility and eventually learn to react with every short term price movement.

I also don’t think we can say that a person existing behaviour will always have the best of them. People naturally change their financial habits when they are exposed to real consequences and learn from experience. Bitcoin may not automatically make an impatient person patient, but having a long term investment and deliberately sticking to a plan can become part of developing patient and discipline over time.
The important thing is to invest is to invest an amount one can reasonably afford and have a clear plan rather than assuming their habits can never change.

[Creeper0]

Yes, you can never buy Bitcoin all at once no matter how wealthy you are, I think that is 100% certain.

If someone has a regular savings plan, a reserve has been created in advance in the plan to buy when the price falls and has met the necessary expenses and an emergency fund, then he can definitely buy if he wants. There is no problem in this, because he is not destroying his main plan of regular savings. Again, if someone wants, he can divide the same amount into several parts and buy over time, it is the person's own decision. The main issue here is not the name of the method, but rather whether the money is really beyond the need or not.

Again, the matter may be different in the case of those who have regular income. Again, those who get income once a month, if they want, they can divide their monthly discretionary income weekly so that they do not have to depend on the market price on a day. Even if he wants to invest by determining the investment amount on the first day, considering all aspects, he can do it.

DCA is not only weekly, but there are also monthly DCA and quarterly DCA. So there is no obligation to set DCA, rather you can choose DCA based on your situation and your needs. You can even change DCA later as per your needs and situation.

There is no such obligation in case of aggressive buying, if you have extra discretionary funds, you can invest in Lump Sum strategy or spread the fund with DCA or buy dip. You have to decide which strategy you are comfortable with and which strategy your situation encourages you to adopt.

[Umulala-alala]

Yes, you can never buy Bitcoin all at once no matter how wealthy you are, I think that is 100% certain.

If someone has a regular savings plan, a reserve has been created in advance in the plan to buy when the price falls and has met the necessary expenses and an emergency fund, then he can definitely buy if he wants. There is no problem in this, because he is not destroying his main plan of regular savings. Again, if someone wants, he can divide the same amount into several parts and buy over time, it is the person's own decision. The main issue here is not the name of the method, but rather whether the money is really beyond the need or not.

Again, the matter may be different in the case of those who have regular income. Again, those who get income once a month, if they want, they can divide their monthly discretionary income weekly so that they do not have to depend on the market price on a day. Even if he wants to invest by determining the investment amount on the first day, considering all aspects, he can do it.

DCA is not only weekly, but there are also monthly DCA and quarterly DCA. So there is no obligation to set DCA, rather you can choose DCA based on your situation and your needs. You can even change DCA later as per your needs and situation.

There is no such obligation in case of aggressive buying, if you have extra discretionary funds, you can invest in Lump Sum strategy or spread the fund with DCA or buy dip. You have to decide which strategy you are comfortable with and which strategy your situation encourages you to adopt.

You can dca when ever you have your discretionary income available so it's not only on weekly or monthly bases, as there are some weeks or months that you may not dca it could be due to you were not able to figure out if you have any discretionary income to dca with in those weeks or months, sometimes too it could just take an interval of 3-4 days and you can still dca if you have your discretionary income ready.

The dca strategy still remain one of the best strategy use in buying bitcoin, buying only the dip isn't good and it's not for long time bitcoin investor, with the dca strategy you don't have to wait for any dip again rather you could buy more bitcoin when the price of bitcoin goes low that is if you have more funds to buy more during the dip.

[Princess Leah]

DCA is not only weekly, but there are also monthly DCA and quarterly DCA. So there is no obligation to set DCA, rather you can choose DCA based on your situation and your needs. You can even change DCA later as per your needs and situation.

There is no such obligation in case of aggressive buying, if you have extra discretionary funds, you can invest in Lump Sum strategy or spread the fund with DCA or buy dip. You have to decide which strategy you are comfortable with and which strategy your situation encourages you to adopt.

Your needs doesn't concerns the DCA, remember that the discretionary is what's being used for investment which is the money remaining after settling essentials which are your needs so once your needs are settled the channel to the discretionary to your investment it's legt for you to figure out the interval that would be suitable to DCA.

 I'll advise he use a strategy that requires him to be consistent, the one that won't make him panic when the market is volatile, to my understanding the most favorable to ease the pressure of volatility is consistency so using the DCA is the best option.