Buy Buy Buy or Sell Sell Sell?

[Btcdeybodi]

[edited out]

In all I pray we don't meet issues or problem that is bigger than our emergency, reserves and float funds.

An overwhelming majority of folks should never get to a point of either completely exhausting their emergency funds or having to dip into their investments absent some kind of actual emergency or unless perhaps they have purposefully put themselves into such a situation based on a knowledge that they are near the end of their life.  

In other words, as long as we actually have discretionary income to invest, the overwhelming majority of us should be able to build up our finances and our other resources so that we do not have to dip into our bitcoin investment at a time that is anything other than our own choosing... Sure if we end up getting hit by a bus or have some other really major situation that might both add to our expenses and remove some or all of our ability to earn an income, then surely those could end up playing out as situations in which we end up both depleting our emergency funds and/or also having to dip into some or all of our bitcoin investment.

One thing about me is that if I'm determined to meet up a target, no matter the intensity of an event or real life challenges that may occur i dont result to terminating my savings just to attend to that need except if it involves a life threatening conditions. However, apart from something that tends to take a life if it is not attended to immediately, people should learn how to manage their income and not create room for situations that will lead them to either end their investments or tamper with it. That is why it is good to make proper plans and provision for any uncertainty or emergency that will erupt in the future so that on no account will you tamper with your holdings.

There is one thing that people don't get to understand, Bitcoin is a high volatile asset with a lot of value in it therefore it should not be touched to solve real life issues especially when you are still in the accumulating stage whereby you still need to invest more in order to grow your portfolio so that stage requires consistency and no distractions because as soon as you result to touching part of your holdings, you are likely to continue when such situations arise again in the future and by so doing one can end up with nothing left again and if it happens within a period of a dip then a lot of losses will be incurred which is not a good practice for someone who is just a beginner.

Over all, having an emergency and reserved funds should be of high priority to anyone investing in high volatile asset like Bitcoin since it requires a lot of commitment for a long interval before good profits will be recorded and a huge portfolio will also be achieved so an investor will be more focused on making accumulations during those periods and it will be a setback if one's investment is been withdrawn just because they want to attend to an emergency need which they would have made provision for while making their investments.

[Chiomaobi]

But before a newbie start accumulating it is always advisable to have built an emergency funds at least 3-6 months.

I really doubt that it is necessary to build up an emergency fund of 3-6 months prior to investing into bitcoin... People woudl never invest into bitcoin if they have to build up their emergency fund in advance..

Sure maybe the emergency funds and the bitcoin investment could be built up at the same time.. at least until a person gets to around 3 months of an emergency fund.

I speculate that an overwhelming number of folks who do not have investments, they still might well have a practice of having 2-4 weeks of floating cash that they might not call their emergency fund, but is serving as an emergency fund, so if a person is starting from a point in which s/he already has some floating extra money that is already available, then there likely is a need to just consciously build that amount while also beginning to invest into bitcoin, and yeah, sure the investment into bitcoin may well have to be whimpy and/or conservative in the beginning while building up the emergency fund to at least 3 months and then once the emergency fund is 3 months or more, then there well come more liberty in terms of becoming a bit more aggressive in his/her bitcoin investment (DCAing or otherwise accumulating BTC).

Doing that could provably destroy their focus on accumulation and might they might create some misconceptions regarding on what are best thing to do when they are starting up. So what I think much better for starters to do is to focus first in their investment and once they already see the results like they are already gaining with their investment then they could able to start building up the funds intended for emergency situation. Since this could give them clear mind to decide next good actions that can make their life became more better compare when they are starting.

Why are you going from one to the other?  Why can't a person build up his emergency funds while he is investing, rather than having to do one first or the other first?  Guys should be able to engage in multiple kinds of building at the same time, even if maybe there might be a bit of a focus to build in one area more than the other.. so if we get back to a kind of typical example in which most people probably already have a bit of a cash cushion of maybe 2-4 weeks  - though more importantly once they start to invest into something as volatile as bitcoin, 2-4 weeks of cash or cash equivalents should start to feel way under-adequate in terms of how much protection that 2-4 weeks of cash is offering in terms of an investment as potentially volatile as bitcoin.... ..so yeah..maybe or maybe not there could be a desire to first buy the same amount of bitcoin that is equivalent of whatever level of cash reserves the guy has and then maybe to grown them at the same rate until each of them reach 3 months of expenses... yet at the same time, these are surely discretionary matters in terms of how much importance to give to each of these kinds of priorities that may well vary depending on the stability of a guy's actual disposable income and surely there are some guys who have way more solid disposable income.. decently strong income sources and decently clear expenses, yet there are others who have a lot of variability in both their income and their expenses, so the one with more clear and stronger disposable income is going to be in a better position to weigh more on the side of buttressing  up his investment prior to his emergency fund.. yet surely anyone could also end up making mistakes in terms of overdoing their investment or maybe even underinvesting.. so the actual balance might well not be the same for each person, and sometimes the extent of the mistake might not be initially realized.

You are correct, before I started my Bitcoin accumulation journey I did research about Bitcoin because I wanted to have a little knowledge about it before I could invest so after my research I decided to invest and I started participating in this forum, I never knew having an emergency, reserve and float funds are key to always keep your investment going even though I had some savings at that time. So what am I saying, if as a newbie you have started your Bitcoin investment before having the idea of emergency funds is advised you also build up your emergency funds together with your Bitcoin accumulation because two of them are very important you can decide to have a target of stoping your emergency funds investment after 3 to 4 months then continue your Bitcoin accumulation, at that point of building your Bitcoin and emergency funds don't be aggressive in your Bitcoin accumulation you can decide to be aggressive after meeting your target on emergency funds and stopping it, in other to have a successful investment you need a strong emergency, reserves and float funds so anything you are doing try as much as possible to build up your emergency, reserves and float funds very well reason being that when a big issue or problem comes up it is only a strong emergency, reserves and float funds that can save you from dipping hands into your Bitcoin investment.

Now in terms of how much attention should be given to emergency, reserve and float funds and your Bitcoin investment I will say give more attention to your emergency, reserve and float funds at that point of building there two together reason being that investing on your emergency, reserve and float funds are for some time why accumulation of Bitcoin will take a very long time for those going for long term investment like me, so you need to give more attention to your emergency funds in other to strong them very well since you will stop it soon some people grow there emergency funds for 3 to 5 months and then keeping Accumulating there Bitcoin investment for years so it will be wise to focus more on your emergency reserves and float funds more when building two together,
After you must have grown a strong emergency reserves and float funds you can now accumulate enough Bitcoin as you want.
For me I will keep growing my emergency reserve and float funds together with Bitcoin investment because is not affecting me in any way I have my percent for emergencies, reserve and float funds and then my percent for my Bitcoin accumulation after reading what JayJuanGee said yesterday about emergency that may eat up your emergency, reserves and float funds and still cause you to dip hands into your Bitcoin investment I have decided to grow my emergency reserve and float funds for some years together with my Bitcoin investment in other to make my emergency, reserve and float funds strong enough to handle challenges and I also pray not to face big issue that my emergency reserve and float funds can't handle, when I will stop growing my emergency reserve and float funds I then become a little aggressive on my Bitcoin accumulation, now that I'm building two things together is not affecting me and funny enough I'm growing them very well.

Any investor can succeed with the DCA strategy, whether in holding or in buying and selling. But the most success will be in case of long term holding, because by buying little by little means you can build wealth, but according to this strategy all investors are successful. If participating in the investment following the regular DCA procedure.

The DCA procedure is only more suitable for buying, not for selling because by buying using DCA the collection of assets will certainly be more perfect if it can be done regularly like with Bitcoin. However, in terms of selling it, I think every investor no longer needs to apply the DCA procedure because every investor can set a target according to their own wishes when they want to sell it again. And even investors who prefer to buy using this method will usually not be more likely to think about selling in the near future before what they are accumulating becomes much larger.

Even though traders might apply somewhat brainless and simplified practices of buying and selling.. DCA tends to be a liong term investment strategy, and it may well not be applicable to engage in DCA selling kinds of strategies, unless you are trying to get out of the investment.. which sounds to me more like a trading rather than an investment strategy.. so long term investing may have selling strategies that are time based and/or price based.. and surely there could be a decent amount of variation.. especially if someone might have taken 4-10 years to build their position, they might end up with other kinds of strategies in terms of if they really want to completely get out of bitcoin or maintain their investment in bitcoin through their which might push them into a much slower and an attempt for a sustainable withdrawal strategy rather than an desire to get out of bitcoin completely...except for traders have other kinds of gambling and/or short term ways of thinking that might not be very good ways to go forward when it comes to an investment like bitcoin.

As a newbie it is always advised to go for long term investment in other to be successful in your Bitcoin investment, I will keep saying that trading of Bitcoin is the worst strategy when it comes to bitcoin investment, Bitcoin is not a Ponzi scheme in other to grow and become successful in Bitcoin you need to have patience and that is why you need to go for a long term investment, some people will hodl only for a very short term like 4 to 6 months and then they sell off there Bitcoin for me that is still trading, Bitcoin should be held for 5 to 10 years in other to see the really benefit.
I didn't come into Bitcoin to make quick money I don't have that mindset because that mindset is why a lot of newbie find them self trading Bitcoin and later loses money and before you know it they run away thinking Bitcoin saying is fake.
I have a friend that wanted to make quick money and that was why he invested in Bitcoin but he got disappointed and that was why he lift Bitcoin till date so please all follow newbie don't have the mindset of coming to make quick money in Bitcoin be patient and grow your Bitcoin little by little using the DCA strategy and as time goes on you will see how far you have gone and you will be happy you invested and had patient.

[red4slash]

You both are almost saying thesame thing. Let me not go far, in summary @jewan420 said "I would advise not to take a loan unless it is a very urgent situation". Though he may have said a whole lot of thing but this paragraph I picked has already concluded the whole story. Loan may be bad if not properly used. but may be good when used properly. and the good side include taking loan to settle emergency when you are out of emergency fund which the person will later pay back with his salary or any of his means of income. But the bad side is taken loan to settle loan. Sometimes people make mistakes with loan and claim to be right. For example some people would take a loan and settle a pressing need, when the money comes they fail to pay back with there salary, but postponed it, forgetting that the more the loan keeps pilling up the more it becomes a problem.

There is no urgent situation in investment so in this case i don't really agree with borrowing for the reason of "urgency" considering that in this case the investment made is not a force that must be made but is indeed a situation where we are ready to make an investment without having to interfere.  In our economy,there is no such thing as forcing oneself, let alone going into debt.  so its clear that there is a little question about how to invest and manage your money when you are in debt and under pressure when investing.

This is not a compulsion and we dont need to force ourselves to appear capable, therefore you have to know yourself well,  including your finances and abilities so that we don't make a mistake in making an investment and it actually seems like a burden on yourself because it is a situation.  which is wrong because investment is to make you feel comfortable for the future  not actually make it a burden .

[Roseline492]

Talking a loan to invest into Bitcoin with out any means of paying back and believing Bitcoin will pay you off before the expected loan date can be problematic that is just for those that want to option for a loan to invest into Bitcoin but if there is a means of paying back there won't be any problem at all, newbie can also learn Bitcoin is not a get rich quick investment that you will want to take loan to invest on it believing it will pay by then your Bitcoin journey will end along the line.

Getting a loan is one thing and another is paying back, though we cannot totally dispute the fact that getting a loan is not important sometimes because so many business men and investors has been able to bounce back on there fit do to the loan they collected but however I realized is more considerable getting a loan for business instead of getting it to invest on Bitcoin, the reason is that in business with a proper handling within an interval of months you will be able to make out something and settle your debt while your business keeps running but in terms of Bitcoin investment it could actually not be advisable getting a loan especially when you don't have any other means of paying back because we all no that Bitcoin investment has to do with patients and long term holding.

[EarnOnVictor]

Any investor can succeed with the DCA strategy, whether in holding or in buying and selling. But the most success will be in case of long term holding, because by buying little by little means you can build wealth, but according to this strategy all investors are successful. If participating in the investment following the regular DCA procedure.

That's true, the DCA strategy has lived for so long in the world of investment and it can't fail unless the asset itself fails. It is summarily a means to average the income of the investor by averaging the striking price, but in the end, this can't amount to regret because, during the investment, some will be missed at a best favourable price, while many others will be saved at the best favourable price, which is reasonable in all ramifications.

Nonetheless, I do not support this strategy at all times, and anytime the market has fallen so well to the point that you feel sorry for it...lol, you can commit your money to it without thinking twice. You will only miss out on a great opportunity by DCAing at that time. However, if the price of the market has risen to some doubtful level, yes, that is the right time to DCA to make sure that you do not lose/miss much due to FUD.

Why I still prefer the regular DCA strategy is that you buy bitcoin at both markets, the bear and the bull. Your strategy might be cool but it still have some disadvantage. Just like what I said in the other thread, when the price dips and you buy with the available amount that you have own without DCAing after buying. You cannot tell if that price that you bought is the bottom line of the dip. If bitcoin price dips below that amount that you bought, you will be regretting for rushing but there is nothing you can do about it than to start waiting.

You are very incorrect with this unless you do not even know how to read the market chart and also follow it based on its psychology. First, no one is perfect in knowing what the market would do, and I believe that is what you are trying to explain, but if you can say a DCA strategy is good even as you are still taking risks with it, then some approaches in investment will help you better than the DCA in some conditions, after all, it is still all about risk and not perfection. One of these approaches is to wait until the market hits its low, at this point my friend, you are wasting your time DCA, otherwise, you will miss the bigger opportunity through averaging it.

Are you telling me that it is a huge risk buying Bitcoin lower than $16,000 in 2022 and Solana lower than $8 in the same year? If you claim your point is still relevant here, then you do not know what you are saying and will only reduce your gain. Here are the reasons; first, the market had fallen for over about 2 years and it is nearing the bull season. 2. SOL for instance sold from about $260 to below $8, what huge fear could anyone possibly see in that? Reaching $0, and so? All such investment condition needs is patience, you can't regret it unless the asset is entirely bad.

That's how investors think. A project like that with better scalability and prospects will always be a promising project and the challenging time will be over as we later saw it. Finally, these coins hit their various S/R level on the weekly and monthly charts, and later have bullish price action and other confirmation to warrant cheap buying. What else is doubtful in that? Of course, I invested at those times, but had it been I DCAed at those times, I would surely regret it.

[Bravut]

What my dad always those was to borrow and borrow in the means of emergency when he savings are exhausted, he never sells his investment or property he always says is better he borrow and pay back than for him to sell of his investment or property he always has this philosophy that problem will surely come and go. Well I don't know if this his own way is the right way to go about big emergency issues that has exhausted our emergency funds.
What if we can't pay back we will still dip hands into our investment to pay the debt.
So a lot of people uses this strategy and it works for them especially when you are still working and facing that issue, my dad is a civil servant and the government pays him at the end of the month so it's easy for him to borrow and sort out his big emergency issues that has exhausted his savings and later pay his debt.
I think if someone loses his job and is been faced with big emergency issues that has exhausted his emergency, reserves and float funds borrowing will be a wrong step since he has no other means to pay back.
In all I pray we don't meet issues or problem that is bigger than our emergency, reserves and float funds.

Yes, your father has definitely taken the right steps. You can keep your savings moving by paying off debt instead of spending from your savings. However, I would advise not to take a loan unless it is a very urgent situation. Borrowing can become a habit due to excessive borrowing. As a result, all your savings and investments can be jeopardized. You'll be debt-free and able to keep your savings and investments going with less spending in emergencies.

Always try to build an emergency fund and reserve fund when it comes to investing. The benefit of this is that you can manage your life from the reserve fund when you are out of a job. Every effort should be made to arrange another employment before the reserve fund is exhausted. In this case, if the reserve fund is exhausted, you can take the help of the emergency fund. You will have plenty of time to get your new job between the reserve fund and the emergency fund being depleted and will be able to save again after getting the job. This way you can keep your investment going even in adverse moments.

Personally I will not advise anyone taking loan in terms of financial challenge because they can always start an emergency and reserve funds along side their investment, I understand at that moment the investor needs the money urgently but, after settling every needs and debt my opinion is the investor should build up a reserve funds so whenever such challenges come up the reserve funds can stand not relying on loans.

You both are almost saying thesame thing. Let me not go far, in summary @jewan420 said "I would advise not to take a loan unless it is a very urgent situation". Though he may have said a whole lot of thing but this paragraph I picked has already concluded the whole story. Loan may be bad if not properly used. but may be good when used properly. and the good side include taking loan to settle emergency when you are out of emergency fund which the person will later pay back with his salary or any of his means of income. But the bad side is taken loan to settle loan. Sometimes people make mistakes with loan and claim to be right. For example some people would take a loan and settle a pressing need, when the money comes they fail to pay back with there salary, but postponed it, forgetting that the more the loan keeps pilling up the more it becomes a problem.

Talking a loan to invest into Bitcoin with out any means of paying back and believing Bitcoin will pay you off before the expected loan date can be problematic that is just for those that want to option for a loan to invest into Bitcoin but if there is a means of paying back there won't be any problem at all, newbie can also learn Bitcoin is not a get rich quick investment that you will want to take loan to invest on it believing it will pay by then your Bitcoin journey will end along the line.

I buy your idea @Zackz5000. Before an investor thinks of obtaining loan just to invest in Bitcoin, such investor must have a bearing of which he can pay back in due time and not expecting to pay back through ROI on Bitcoin which I believe is unhealthy and bad idea, because some times the Bitcoin might not move as expected of which we must always be open to uncertainties that might occur. The loan can be obtained on the ground of speeding up the accumulation process, as well we should also understand the need that such loan is business oriented.

[Tungbulu]

[edited out]

In all I pray we don't meet issues or problem that is bigger than our emergency, reserves and float funds.

In other words, as long as we actually have discretionary income to invest, the overwhelming majority of us should be able to build up our finances and our other resources so that we do not have to dip into our bitcoin investment at a time that is anything other than our own choosing... Sure if we end up getting hit by a bus or have some other really major situation that might both add to our expenses and remove some or all of our ability to earn an income, then surely those could end up playing out as situations in which we end up both depleting our emergency funds and/or also having to dip into some or all of our bitcoin investment.

Indeed, it's very important to have discretionary income to invest and also build up one's finances and resources too as this could provide one some sort of leverage against unexpected and unforeseen circumstances that may possibly arise in the future, as it'll allow individuals to tackle the situations without having to dip into their investment for financial support.

Having a solid emergency fund as well as other resources such as your personal savings, reserve or float funds and even insurance can come in handy to cover unplanned expenses or financial shocks like medical bills, car repairs or possibly loss of one's job. All these sort of emergencies could be easily taken care of, while your investment is still left to grow uninterrupted, except of course you intentionally wish to withdraw or sell your holdings.

Your example of unexpected events which you mentioned, like getting hit by a bus and others, points out just how important it is to have a comprehensive and solid financial plan, such as.
1. Emergency funds
2. A sustainable stream of income
3. Insurances e.t.c.

The availability of a comprehensive and solid financial plan/foundation helps individuals to be able to navigate unforseen circumstances and make informed decisions when it has to do with their investment, without necessarily having to dip into their investments for financial support to sort out such emergencies.

Yes.  I would consider it unwise to use my own emergency funds to take care of someone else's emergency situation (unless they were a direct family member under which I had already taken financial responsibility), even though reserve funds might be able to be used for that level of problem situation of someone else .. such as a friend or a more distant relative who should already have their own emergency fund practices...

It'll indeed be unwise to use one's emergency funds (meant for his own personal emergencies only) to cover another person's emergency situation, as this coulf compromise and affect one's financial security and stability, except of course they are emergencies of direcr family members which could also be  considered to be your own emergency too.
Your emergency should come first, as well as your financial well being, that boundary between your emergency fund and others' financial needs should be maintained and very clear.

[chigo]

Talking a loan to invest into Bitcoin with out any means of paying back and believing Bitcoin will pay you off before the expected loan date can be problematic that is just for those that want to option for a loan to invest into Bitcoin but if there is a means of paying back there won't be any problem at all, newbie can also learn Bitcoin is not a get rich quick investment that you will want to take loan to invest on it believing it will pay by then your Bitcoin journey will end along the line.

The thing that novice investors need to avoid when starting to invest in Bitcoin is that they should avoid borrowing money just to invest in Bitcoin, even if they have the ability to pay it. Because when someone invests using borrowed money, it means they need to bear the interest on the loan, and that could be a problem because the market could be stagnant for months.

It is better to invest using cold money, such as savings or money that has been previously allocated specifically for investing. In this way, not only can someone avoid interest due to loans but they can also focus more on investing.

[Moreno233]

Yes.  I would consider it unwise to use my own emergency funds to take care of someone else's emergency situation (unless they were a direct family member under which I had already taken financial responsibility), even though reserve funds might be able to be used for that level of problem situation of someone else .. such as a friend or a more distant relative who should already have their own emergency fund practices...

It'll indeed be unwise to use one's emergency funds (meant for his own personal emergencies only) to cover another person's emergency situation, as this coulf compromise and affect one's financial security and stability, except of course they are emergencies of direcr family members which could also be  considered to be your own emergency too.
Your emergency should come first, as well as your financial well being, that boundary between your emergency fund and others' financial needs should be maintained and very clear.

It is a personality thing and I will not blame anyone who does that because such might just being doing that with a bid to finding peace within himself or herself. There are people that are so softhearted to the point that they can actually dip hands into their emergency funds to help someone they don't even know but need urgent attention. I have such a person which is my mum, who can inconvenience herself to please others. Her love for humanity knows no limit and because of her I feel some people are just born that way and there nothing that can change them. Even though this may not be too favorable for an investor still at the building stage, it is what it is.

[Sim_card]

Any investor can succeed with the DCA strategy, whether in holding or in buying and selling. But the most success will be in case of long term holding, because by buying little by little means you can build wealth, but according to this strategy all investors are successful. If participating in the investment following the regular DCA procedure.

That's true, the DCA strategy has lived for so long in the world of investment and it can't fail unless the asset itself fails. It is summarily a means to average the income of the investor by averaging the striking price, but in the end, this can't amount to regret because, during the investment, some will be missed at a best favourable price, while many others will be saved at the best favourable price, which is reasonable in all ramifications.

Nonetheless, I do not support this strategy at all times, and anytime the market has fallen so well to the point that you feel sorry for it...lol, you can commit your money to it without thinking twice. You will only miss out on a great opportunity by DCAing at that time. However, if the price of the market has risen to some doubtful level, yes, that is the right time to DCA to make sure that you do not lose/miss much due to FUD.

Why I still prefer the regular DCA strategy is that you buy bitcoin at both markets, the bear and the bull. Your strategy might be cool but it still have some disadvantage. Just like what I said in the other thread, when the price dips and you buy with the available amount that you have own without DCAing after buying. You cannot tell if that price that you bought is the bottom line of the dip. If bitcoin price dips below that amount that you bought, you will be regretting for rushing but there is nothing you can do about it than to start waiting.

You are very incorrect with this unless you do not even know how to read the market chart and also follow it based on its psychology. First, no one is perfect in knowing what the market would do, and I believe that is what you are trying to explain, but if you can say a DCA strategy is good even as you are still taking risks with it, then some approaches in investment will help you better than the DCA in some conditions, after all, it is still all about risk and not perfection. One of these approaches is to wait until the market hits its low, at this point my friend, you are wasting your time DCA, otherwise, you will miss the bigger opportunity through averaging it.

Are you telling me that it is a huge risk buying Bitcoin lower than $16,000 in 2022 and Solana lower than $8 in the same year? If you claim your point is still relevant here, then you do not know what you are saying and will only reduce your gain. Here are the reasons; first, the market had fallen for over about 2 years and it is nearing the bull season. 2. SOL for instance sold from about $260 to below $8, what huge fear could anyone possibly see in that? Reaching $0, and so? All such investment condition needs is patience, you can't regret it unless the asset is entirely bad.

That's how investors think. A project like that with better scalability and prospects will always be a promising project and the challenging time will be over as we later saw it. Finally, these coins hit their various S/R level on the weekly and monthly charts, and later have bullish price action and other confirmation to warrant cheap buying. What else is doubtful in that? Of course, I invested at those times, but had it been I DCAed at those times, I would surely regret it.

First of all to correct you, we are talking about bitcoin and not shitcoin. I understand everything that you said that I am not disputing any of your points. I am only talking about a new investor who wants to start his bitcoin journey that has no knowledge about reading charts and candle sticks. It is not everyone that will be good or have the patience to learn about trading because they are busy doing other things in real life.

Investing is very easy and does not need much knowledge to get started. All what I am saying is that it is very easy to just keep on DCAing for them because they don't have any knowledge of the market so that they don't distract their focus on accumulating as fast as possible using DCA persistently and constantly. If their bitcoin portfolio have reached a level, they can tweak to whatever strategy that they believe will work best for them as long as they don't stop accumulating and hodli.

I don't know how to read charts and I don't put the dip in heart, I only stick to my regular DCA weekly, and when I have an extra cash, I lump sum be it the or not. I have being lucky to lump sum during the dip last year so I understand what you mean.

[Jewan420]

You both are almost saying thesame thing. Let me not go far, in summary @jewan420 said "I would advise not to take a loan unless it is a very urgent situation". Though he may have said a whole lot of thing but this paragraph I picked has already concluded the whole story. Loan may be bad if not properly used. but may be good when used properly. and the good side include taking loan to settle emergency when you are out of emergency fund which the person will later pay back with his salary or any of his means of income. But the bad side is taken loan to settle loan. Sometimes people make mistakes with loan and claim to be right. For example some people would take a loan and settle a pressing need, when the money comes they fail to pay back with there salary, but postponed it, forgetting that the more the loan keeps pilling up the more it becomes a problem.

Yes, you are definitely right. It is better to take a loan for emergency settlement if the emergency fund is out of stock. However, there are different types of emergencies. Depending on the type you need to understand when taking a loan is good and when taking a loan is bad. When you have cash in your account / your house but you don't have enough money where you are staying and you need emergency money. At that moment your account/household cash is not accessible to you, taking a loan can be a good option at that moment. When you face a big danger and you need a lot of money, but you don't have enough money at that moment, after a few days you will have money and you will be able to pay off the debt. In such a situation, taking a loan can be a good option.

Taking a loan can be a bad thing when you need some money but it won't hurt you if you don't have the money at that moment. Borrowing when you don't need the money, but to keep yourself in decent shape, can be a very bad habit.

When one is in a very urgent situation and taking a loan may fail to repay the loan, one can try to seek help from one's family/relatives without taking the loan. If no one helps, you can be forced to take a loan. I think it is a good idea to avoid excessive borrowing, be it investment related or not.

[Ruttoshi]

Yes.  I would consider it unwise to use my own emergency funds to take care of someone else's emergency situation (unless they were a direct family member under which I had already taken financial responsibility), even though reserve funds might be able to be used for that level of problem situation of someone else .. such as a friend or a more distant relative who should already have their own emergency fund practices...

It'll indeed be unwise to use one's emergency funds (meant for his own personal emergencies only) to cover another person's emergency situation, as this coulf compromise and affect one's financial security and stability, except of course they are emergencies of direcr family members which could also be  considered to be your own emergency too.
Your emergency should come first, as well as your financial well being, that boundary between your emergency fund and others' financial needs should be maintained and very clear.

It is a personality thing and I will not blame anyone who does that because such might just being doing that with a bid to finding peace within himself or herself. There are people that are so softhearted to the point that they can actually dip hands into their emergency funds to help someone they don't even know but need urgent attention. I have such a person which is my mum, who can inconvenience herself to please others. Her love for humanity knows no limit and because of her I feel some people are just born that way and there nothing that can change them. Even though this may not be too favorable for an investor still at the building stage, it is what it is.

When investing you need to stay focus and avoid side distraction. Those who don't take their emergency funds as their priority will end up failing in their bitcoin accumulation journey. People who can use their own personal emergency funds to help someone that is not his financial responsibility is gambling and will even sell part of their bitcoin to help people. This means that person might end up not having money to help people whereas they still need help.

This is why I will never use my personal emergency funds for someone that is not my responsibility to take care of, because my bitcoin investment is what I plan to achieve success on without any fault from Mismanagement of the funds that i will use to succeed in it. People should plan and take care of their own emergencies themselves.

[Pi-network314159]

You both are almost saying thesame thing. Let me not go far, in summary @jewan420 said "I would advise not to take a loan unless it is a very urgent situation". Though he may have said a whole lot of thing but this paragraph I picked has already concluded the whole story. Loan may be bad if not properly used. but may be good when used properly. and the good side include taking loan to settle emergency when you are out of emergency fund which the person will later pay back with his salary or any of his means of income. But the bad side is taken loan to settle loan. Sometimes people make mistakes with loan and claim to be right. For example some people would take a loan and settle a pressing need, when the money comes they fail to pay back with there salary, but postponed it, forgetting that the more the loan keeps pilling up the more it becomes a problem.

Talking a loan to invest into Bitcoin with out any means of paying back and believing Bitcoin will pay you off before the expected loan date can be problematic

you sounded pretty much like I said so. though we might be saying almost thesame thing but I never included "expecting bitcoin to pay you off before the expected date"what I said is that "Loan may be bad if not properly used. but may be good when used properly" and I further said that the good side include taking loan to settle emergency when you are out of emergency fund. and I mean what I said because most times people may be short of emergency fund expecially after they may have used their reserved fund to recently invest in bitcoin and will be left with a little or lesser amount and emergency happens beyond the amount kept for it. definitely such person would need a loan to sort out things which may be paid later after they may have received monthly payment. my advice emphasis on not taken loan to settle a serious emergency and taken another loan to settle loan the first loan, instead the person should use his salary. while I said this is that most people may use the sake of not tampering their bitcoin or selling their bitcoin, they may take another loan somewhere to pay off the outstanding one which could have been settled with their salary. and this may complicate the whole issue. though I may not have explained to this extent but that was exactly what I meant. you know sometimes the way people reply a comment may change the intended explanation and  it becomes misleeding to such person and that is what you have just done right now. checking the rest part of your comments which was edited out is off key of what am saying.

 

You both are almost saying thesame thing. Let me not go far, in summary @jewan420 said "I would advise not to take a loan unless it is a very urgent situation". Though he may have said a whole lot of thing but this paragraph I picked has already concluded the whole story. Loan may be bad if not properly used. but may be good when used properly. and the good side include taking loan to settle emergency when you are out of emergency fund which the person will later pay back with his salary or any of his means of income. But the bad side is taken loan to settle loan. Sometimes people make mistakes with loan and claim to be right. For example some people would take a loan and settle a pressing need, when the money comes they fail to pay back with there salary, but postponed it, forgetting that the more the loan keeps pilling up the more it becomes a problem.

There is no urgent situation in investment so in this case i don't really agree with borrowing for the reason of "urgency" considering that in this case the investment made is not a force that must be made but is indeed a situation where we are ready to make an investment without having to interfere.  In our economy,there is no such thing as forcing oneself, let alone going into debt.  so its clear that there is a little question about how to invest and manage your money when you are in debt and under pressure when investing.

well I may not be able to reply all you have said, but let me summarise by saying that we can not deny the fact that taken loan is good. no matter how loan may appear or mean to you, it is still important in some cases expecially when used properly. if you read my reply above, which I replied Zack you will understand why loan is important in bitcoin investment. when I talk about taken loan I did intend saying that we should take loan to invest in bitcoin or whatsoever, I mean taken loan to sort out some emergency or urgency issues as you may call it, am surprised that you could say that there is no need to take loan for "urgency" in investment. because no matter how smart and economical we might tend to be there is always that urgency that we require loan, it may be that you haven't experienced it but that doesn't mean that others didn't so you can't use your situation to judge for others. just know that once in a while there is that urgency pops up, but not always.

You both are almost saying thesame thing. Let me not go far, in summary @jewan420 said "I would advise not to take a loan unless it is a very urgent situation". Though he may have said a whole lot of thing but this paragraph I picked has already concluded the whole story. Loan may be bad if not properly used. but may be good when used properly. and the good side include taking loan to settle emergency when you are out of emergency fund which the person will later pay back with his salary or any of his means of income. But the bad side is taken loan to settle loan. Sometimes people make mistakes with loan and claim to be right. For example some people would take a loan and settle a pressing need, when the money comes they fail to pay back with there salary, but postponed it, forgetting that the more the loan keeps pilling up the more it becomes a problem.

Talking a loan to invest into Bitcoin with out any means of paying back and believing Bitcoin will pay you off before the expected loan date can be problematic that is just for those that want to option for a loan to invest into Bitcoin but if there is a means of paying back there won't be any problem at all, newbie can also learn Bitcoin is not a get rich quick investment that you will want to take loan to invest on it believing it will pay by then your Bitcoin journey will end along the line.

I buy your idea @Zackz5000. Before an investor thinks of obtaining loan just to invest in Bitcoin, such investor must have a bearing of which he can pay back in due time and not expecting to pay back through ROI on Bitcoin which I believe is unhealthy and bad idea, because some times the Bitcoin might not move as expected of which we must always be open to uncertainties that might occur. The loan can be obtained on the ground of speeding up the accumulation process, as well we should also understand the need that such loan is business oriented.

I think most times people have alot of problem reading, otherwise they wouldn't have been duplicating and changing the intended meaning of what was explained initially. you can go through the comments I replied @red4slash @zackz5000. am done explaining.

[wxa7115]

It is a personality thing and I will not blame anyone who does that because such might just being doing that with a bid to finding peace within himself or herself. There are people that are so softhearted to the point that they can actually dip hands into their emergency funds to help someone they don't even know but need urgent attention. I have such a person which is my mum, who can inconvenience herself to please others. Her love for humanity knows no limit and because of her I feel some people are just born that way and there nothing that can change them. Even though this may not be too favorable for an investor still at the building stage, it is what it is.

While a charitable heart is commendable and a trait I would appreciate on a person, at the same time there must be limits when it comes to such generosity, and the reason for this is self-evident, our resources are limited, while the needs and wants of others are endless.

So we must use only our spare money for such efforts, and it is obvious that any money that is in your emergency fund is not money you can afford to give away, since emergencies have the nasty characteristic of happening at the worst possible time, and if at the time you did not had any money on your emergency fund, you may be forced to sell your coins, messing your strategy for years and maybe even decades to come.

[JayJuanGee]

Any investor can succeed with the DCA strategy, whether in holding or in buying and selling. But the most success will be in case of long term holding, because by buying little by little means you can build wealth, but according to this strategy all investors are successful. If participating in the investment following the regular DCA procedure.

That's true, the DCA strategy has lived for so long in the world of investment and it can't fail unless the asset itself fails. It is summarily a means to average the income of the investor by averaging the striking price, but in the end, this can't amount to regret because, during the investment, some will be missed at a best favourable price, while many others will be saved at the best favourable price, which is reasonable in all ramifications.

Nonetheless, I do not support this strategy at all times, and anytime the market has fallen so well to the point that you feel sorry for it...lol, you can commit your money to it without thinking twice. You will only miss out on a great opportunity by DCAing at that time. However, if the price of the market has risen to some doubtful level, yes, that is the right time to DCA to make sure that you do not lose/miss much due to FUD.

Why I still prefer the regular DCA strategy is that you buy bitcoin at both markets, the bear and the bull. Your strategy might be cool but it still have some disadvantage. Just like what I said in the other thread, when the price dips and you buy with the available amount that you have own without DCAing after buying. You cannot tell if that price that you bought is the bottom line of the dip. If bitcoin price dips below that amount that you bought, you will be regretting for rushing but there is nothing you can do about it than to start waiting.

You are very incorrect with this unless you do not even know how to read the market chart and also follow it based on its psychology. First, no one is perfect in knowing what the market would do, and I believe that is what you are trying to explain, but if you can say a DCA strategy is good even as you are still taking risks with it, then some approaches in investment will help you better than the DCA in some conditions, after all, it is still all about risk and not perfection. One of these approaches is to wait until the market hits its low, at this point my friend, you are wasting your time DCA, otherwise, you will miss the bigger opportunity through averaging it.

Are you telling me that it is a huge risk buying Bitcoin lower than $16,000 in 2022 and Solana lower than $8 in the same year? If you claim your point is still relevant here, then you do not know what you are saying and will only reduce your gain. Here are the reasons; first, the market had fallen for over about 2 years and it is nearing the bull season. 2. SOL for instance sold from about $260 to below $8, what huge fear could anyone possibly see in that? Reaching $0, and so? All such investment condition needs is patience, you can't regret it unless the asset is entirely bad.

That's how investors think. A project like that with better scalability and prospects will always be a promising project and the challenging time will be over as we later saw it. Finally, these coins hit their various S/R level on the weekly and monthly charts, and later have bullish price action and other confirmation to warrant cheap buying. What else is doubtful in that? Of course, I invested at those times, but had it been I DCAed at those times, I would surely regret it.

One thing about DCA, there need not be any presumption of dip or no dip or even regret, including that a person could just accumulate bitcoin for 4-10 years or longer within his own budgetary constraints and not even give a whole helll of a lot of considering to the extent to which he might be in profits or not, and surely there shoujd be little to no need to fuck around with shitcoins (whether it is Solana or some other shitcoin-of-the-day, even though people want to spend their time, energies and/or money on such nonsense.

so maybe at certain points does the road he could reassess how many BTC he has accumulated and/or is he in profits and/or should have he done some thing else.. but I doubt that the answer is going to necessarily to tell himself that he should have fucked around with shitcoins more or that he should have attempted to time BTC prices instead of just buying regularly within the confines of how aggressive he might want to be in terms of how much discretionary income he wants to spend on bitcoin versus saving some of his discretionary income for some other interests that he might have.
 
Even though I could have had profited more by pumping and dumping shitcoins at certain times and/or I could have had profited more by timing my BTC buys and my BTC sells a bit better, I surely have no major regrets with my largely BTC accumulation and/or holding strategy over the past 10.5 years-ish.

Talking a loan to invest into Bitcoin with out any means of paying back and believing Bitcoin will pay you off before the expected loan date can be problematic that is just for those that want to option for a loan to invest into Bitcoin but if there is a means of paying back there won't be any problem at all, newbie can also learn Bitcoin is not a get rich quick investment that you will want to take loan to invest on it believing it will pay by then your Bitcoin journey will end along the line.

The thing that novice investors need to avoid when starting to invest in Bitcoin is that they should avoid borrowing money just to invest in Bitcoin, even if they have the ability to pay it. Because when someone invests using borrowed money, it means they need to bear the interest on the loan, and that could be a problem because the market could be stagnant for months.

It is better to invest using cold money, such as savings or money that has been previously allocated specifically for investing. In this way, not only can someone avoid interest due to loans but they can also focus more on investing.

I frequently prefer to consider loans (and leverage) as more sophisticated skills, that end up adding further challenges, and it seems way better to be thinking about, building and eve putting more basic methods into and to get used to the application of those more basic methods (which is not even easy in itself) rather than unnecessarily employing more extensive and complicated techniques, which might end up converting a relatively solid practice/technique into a kind of gambling.

Another thing that I don't really have any problem with loans as long as there is already sources of income to pay them back on time an in the correct amounts, but also to account for whatever interest rate is being charged, wether that might be low rates such as less than 3% or medium rates of perhaps up to 7% or higher rates e.. and the higher the rate the more difficult it should be to even get into the practice of taking such loans.. and yeah, there would already be a built in expectation of an ability to earn more than the interest rate amount.

[Tungbulu]

Yes.  I would consider it unwise to use my own emergency funds to take care of someone else's emergency situation (unless they were a direct family member under which I had already taken financial responsibility), even though reserve funds might be able to be used for that level of problem situation of someone else .. such as a friend or a more distant relative who should already have their own emergency fund practices...

It'll indeed be unwise to use one's emergency funds (meant for his own personal emergencies only) to cover another person's emergency situation, as this coulf compromise and affect one's financial security and stability, except of course they are emergencies of direcr family members which could also be  considered to be your own emergency too.
Your emergency should come first, as well as your financial well being, that boundary between your emergency fund and others' financial needs should be maintained and very clear.

It is a personality thing and I will not blame anyone who does that because such might just being doing that with a bid to finding peace within himself or herself. There are people that are so softhearted to the point that they can actually dip hands into their emergency funds to help someone they don't even know but need urgent attention. I have such a person which is my mum, who can inconvenience herself to please others. Her love for humanity knows no limit and because of her I feel some people are just born that way and there nothing that can change them. Even though this may not be too favorable for an investor still at the building stage, it is what it is.

Finding peace...
Messing up your financial plans and putting your plans jeopardy wil definitely not giving you much peace when you use your emergency funds to sort out someone else's emergency and then when your emergency arises, there's nothing more left to sort your emergency, and then you end up dipping into your investment to sort out your emergency, thereby messing up your portfolio and interrupting the growth and performance of your investment.

This is business and all its affairs are meant to be handled strictly without emotions or sentiments, if the person's problem is something your float or reserve funds can handle without giving you much stress then you're free to help em out, but if it's something that'll dry up your reserve funds, then I wouldn't advise you to go through with it because you'll surely need to use your reserve funds too, and if the need arise and there's nothing left for you, it'll still result to messing up your financial plans.

The goal is to have/build a solid financial foundation/plan that'll sustain you throughout your investment journey and not to be all Santa Clause with your finance.

[Chiomaobi]

Any investor can succeed with the DCA strategy, whether in holding or in buying and selling. But the most success will be in case of long term holding, because by buying little by little means you can build wealth, but according to this strategy all investors are successful. If participating in the investment following the regular DCA procedure.

That's true, the DCA strategy has lived for so long in the world of investment and it can't fail unless the asset itself fails. It is summarily a means to average the income of the investor by averaging the striking price, but in the end, this can't amount to regret because, during the investment, some will be missed at a best favourable price, while many others will be saved at the best favourable price, which is reasonable in all ramifications.

Nonetheless, I do not support this strategy at all times, and anytime the market has fallen so well to the point that you feel sorry for it...lol, you can commit your money to it without thinking twice. You will only miss out on a great opportunity by DCAing at that time. However, if the price of the market has risen to some doubtful level, yes, that is the right time to DCA to make sure that you do not lose/miss much due to FUD.

Why I still prefer the regular DCA strategy is that you buy bitcoin at both markets, the bear and the bull. Your strategy might be cool but it still have some disadvantage. Just like what I said in the other thread, when the price dips and you buy with the available amount that you have own without DCAing after buying. You cannot tell if that price that you bought is the bottom line of the dip. If bitcoin price dips below that amount that you bought, you will be regretting for rushing but there is nothing you can do about it than to start waiting.

You are very incorrect with this unless you do not even know how to read the market chart and also follow it based on its psychology. First, no one is perfect in knowing what the market would do, and I believe that is what you are trying to explain, but if you can say a DCA strategy is good even as you are still taking risks with it, then some approaches in investment will help you better than the DCA in some conditions, after all, it is still all about risk and not perfection. One of these approaches is to wait until the market hits its low, at this point my friend, you are wasting your time DCA, otherwise, you will miss the bigger opportunity through averaging it.

Are you telling me that it is a huge risk buying Bitcoin lower than $16,000 in 2022 and Solana lower than $8 in the same year? If you claim your point is still relevant here, then you do not know what you are saying and will only reduce your gain. Here are the reasons; first, the market had fallen for over about 2 years and it is nearing the bull season. 2. SOL for instance sold from about $260 to below $8, what huge fear could anyone possibly see in that? Reaching $0, and so? All such investment condition needs is patience, you can't regret it unless the asset is entirely bad.

That's how investors think. A project like that with better scalability and prospects will always be a promising project and the challenging time will be over as we later saw it. Finally, these coins hit their various S/R level on the weekly and monthly charts, and later have bullish price action and other confirmation to warrant cheap buying. What else is doubtful in that? Of course, I invested at those times, but had it been I DCAed at those times, I would surely regret it.

One thing about DCA, there need not be any presumption of dip or no dip or even regret, including that a person could just accumulate bitcoin for 4-10 years or longer within his own budgetary constraints and not even give a whole helll of a lot of considering to the extent to which he might be in profits or not, and surely there shoujd be little to no need to fuck around with shitcoins (whether it is Solana or some other shitcoin-of-the-day, even though people want to spend their time, energies and/or money on such nonsense.

so maybe at certain points does the road he could reassess how many BTC he has accumulated and/or is he in profits and/or should have he done some thing else.. but I doubt that the answer is going to necessarily to tell himself that he should have fucked around with shitcoins more or that he should have attempted to time BTC prices instead of just buying regularly within the confines of how aggressive he might want to be in terms of how much discretionary income he wants to spend on bitcoin versus saving some of his discretionary income for some other interests that he might have.
 
Even though I could have had profited more by pumping and dumping shitcoins at certain times and/or I could have had profited more by timing my BTC buys and my BTC sells a bit better, I surely have no major regrets with my largely BTC accumulation and/or holding strategy over the past 10.5 years-ish.

When I started my Bitcoin accumulation journey I thought about the strategy to use and I started reading through every post in this forum and I saw many ideas on strategies that would be better and After thinking about them I decided to use the DCA strategy because it won't stress me I won't have to think about anything at all I need to do is map out how many percent from my salary I will be investing every week and to be honest ever since I started this accumulation journey using the DCA strategy it has been a great journey without issues, the reason I don't have any issues is because of the kind of mindset I have towards bitcoin, I don't care if is going up or down I just keep accumulating, ever since I started this accumulation journey I don't check price of Bitcoin I'm not interested in the price now all I'm concerned about is accumulating as much Bitcoin as I can.
A lot of my follow newbies are always worried and disturbing themselves always monitoring the price of Bitcoin if is going high or coming down and I must say this is a very wrong thing to do for someone using the DCA strategy and a lot of them monitoring the price of Bitcoin always stop accumulating if there's a little fall and it's will affect there accumulation journey and that the end of 4 to 10 years they won't accumulate as much as expected, anyone consistent with the DCA strategy without caring if the price is going high or low will always accumulate more in space of 4 to 10 years.

Shitcoins should not be mention is this thread because it's not to be trusted at all a lot of shit coins are created just to exploit people, my brother was investing on one shit coin that i really don't know the name and he lost almost all his money if not that he quickly sold everything and he has been investing on it for a year plus the other day we were discussing and he told me the shitcoin as lost every value now. A lot of people are always losing and regretting investing in shitcoins and I have discovered The reason reason a lot of people even think of investing in shitcoins is because they believe Bitcoin won't rise again or Bitcoin won't grow more than this so they feel like investing on an upcoming coin this is a very wrong reasoning because Bitcoin has not even gotten closer to a price that will shock the world so I will advise every newbie to accumulate as much Bitcoin as he or she can and forget about shitcoins if they want peace of mind or don't want to lose there income.

Talking a loan to invest into Bitcoin with out any means of paying back and believing Bitcoin will pay you off before the expected loan date can be problematic that is just for those that want to option for a loan to invest into Bitcoin but if there is a means of paying back there won't be any problem at all, newbie can also learn Bitcoin is not a get rich quick investment that you will want to take loan to invest on it believing it will pay by then your Bitcoin journey will end along the line.

The thing that novice investors need to avoid when starting to invest in Bitcoin is that they should avoid borrowing money just to invest in Bitcoin, even if they have the ability to pay it. Because when someone invests using borrowed money, it means they need to bear the interest on the loan, and that could be a problem because the market could be stagnant for months.

It is better to invest using cold money, such as savings or money that has been previously allocated specifically for investing. In this way, not only can someone avoid interest due to loans but they can also focus more on investing.

I frequently prefer to consider loans (and leverage) as more sophisticated skills, that end up adding further challenges, and it seems way better to be thinking about, building and eve putting more basic methods into and to get used to the application of those more basic methods (which is not even easy in itself) rather than unnecessarily employing more extensive and complicated techniques, which might end up converting a relatively solid practice/technique into a kind of gambling.

Another thing that I don't really have any problem with loans as long as there is already sources of income to pay them back on time an in the correct amounts, but also to account for whatever interest rate is being charged, wether that might be low rates such as less than 3% or medium rates of perhaps up to 7% or higher rates e.. and the higher the rate the more difficult it should be to even get into the practice of taking such loans.. and yeah, there would already be a built in expectation of an ability to earn more than the interest rate amount.

Taking loan is not bad if one has a source of income which through there he can pay back, what is bad is taking loan knowing fully well you don't have a source of income or any hope of paying back.
My dad always prefer taking loan when ever his savings are exhausted and he is a civil servant so he always pay back, taking loan according to him is better than selling his investment or property since he has a source of income taking loan is the best thing to do than to sell of your investment and he also said don't take a loan that your salary can't pay of in the next 4 to 7 years and I think I agree with him even though you have a source of income you shouldn't take a loan that you can't pay because if you can't pay at the long run it will result to you selling of your property or investment in other to settle the debt.
And is always advised to go for a more better interest rate there's this man I know he went to collect loan with a bad interest rate and for about 8 years now this man is still paying the debt because the rate is always adding this year he had to sell some of his landed properties so he could settle the loan so as not to keep debt for his children when his no more so please let's be guided.

[arwin100]

Why I still prefer the regular DCA strategy is that you buy bitcoin at both markets, the bear and the bull. Your strategy might be cool but it still have some disadvantage. Just like what I said in the other thread, when the price dips and you buy with the available amount that you have own without DCAing after buying. You cannot tell if that price that you bought is the bottom line of the dip. If bitcoin price dips below that amount that you bought, you will be regretting for rushing but there is nothing you can do about it than to start waiting.

You are very incorrect with this unless you do not even know how to read the market chart and also follow it based on its psychology. First, no one is perfect in knowing what the market would do, and I believe that is what you are trying to explain, but if you can say a DCA strategy is good even as you are still taking risks with it, then some approaches in investment will help you better than the DCA in some conditions, after all, it is still all about risk and not perfection. One of these approaches is to wait until the market hits its low, at this point my friend, you are wasting your time DCA, otherwise, you will miss the bigger opportunity through averaging it.

Are you telling me that it is a huge risk buying Bitcoin lower than $16,000 in 2022 and Solana lower than $8 in the same year? If you claim your point is still relevant here, then you do not know what you are saying and will only reduce your gain. Here are the reasons; first, the market had fallen for over about 2 years and it is nearing the bull season. 2. SOL for instance sold from about $260 to below $8, what huge fear could anyone possibly see in that? Reaching $0, and so? All such investment condition needs is patience, you can't regret it unless the asset is entirely bad.

That's how investors think. A project like that with better scalability and prospects will always be a promising project and the challenging time will be over as we later saw it. Finally, these coins hit their various S/R level on the weekly and monthly charts, and later have bullish price action and other confirmation to warrant cheap buying. What else is doubtful in that? Of course, I invested at those times, but had it been I DCAed at those times, I would surely regret it.

One thing about DCA, there need not be any presumption of dip or no dip or even regret, including that a person could just accumulate bitcoin for 4-10 years or longer within his own budgetary constraints and not even give a whole helll of a lot of considering to the extent to which he might be in profits or not, and surely there shoujd be little to no need to fuck around with shitcoins (whether it is Solana or some other shitcoin-of-the-day, even though people want to spend their time, energies and/or money on such nonsense.

so maybe at certain points does the road he could reassess how many BTC he has accumulated and/or is he in profits and/or should have he done some thing else.. but I doubt that the answer is going to necessarily to tell himself that he should have fucked around with shitcoins more or that he should have attempted to time BTC prices instead of just buying regularly within the confines of how aggressive he might want to be in terms of how much discretionary income he wants to spend on bitcoin versus saving some of his discretionary income for some other interests that he might have.
 

That's the real problem of some investor since what they usually think is when there's a dip that is the best time for them to enter. Then regret that they miss that opportunity then wait again, they failed to realize that they are wasting their time with that attitude and just give their selves unnecessary stress for speculating about upcoming dumps to come. If they just take an action when they have money and ready to accumulate then for sure waiting for dips will not came on their mind since what they provably their main priority is to accumulate base on the cycle or years they planned to do.

Some also try to gamble with the shitcoins including the famous coin of this year which SOL for wanting to gain profits then add their gains to invest on bitcoin. If they just decide to put it directly on bitcoin for sure that there's no other thing would bother them and give them some chills when market collapse.

Although we can't really influence people for discouraging them to invest on shitcoins while they are engaging on long term hodl plan with BTC, but hopefully in future they realize that they are just wasting their money,time and effort with those shitcoins.

[MarjorieZimmermanGinger]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

This indicates that two things happened, first, people experienced a loss and second, people experienced a profit. Basically you have to understand first what coin is meant and most people will talk about bitcoin in it. Simply put we have the opportunity to buy at a slightly cheaper price and sell at a much higher price. The repeating cycle that occurs in bitcoin is real and that is why we have the opportunity to maintain the value of investing in bitcoin compared to other coins.

Buying under any circumstances is not a problem for bitcoin as long as you are able to hold it for the long term. But the problem is when you buy a coin that has no potential because we will not find a repeating cycle and it is very likely that the coin you hold will lose price in the market. That's why we need the knowledge to recognize a potential coin and must have the insight to make an analysis about it.

[Bravut]

Yes.  I would consider it unwise to use my own emergency funds to take care of someone else's emergency situation (unless they were a direct family member under which I had already taken financial responsibility), even though reserve funds might be able to be used for that level of problem situation of someone else .. such as a friend or a more distant relative who should already have their own emergency fund practices...

It'll indeed be unwise to use one's emergency funds (meant for his own personal emergencies only) to cover another person's emergency situation, as this coulf compromise and affect one's financial security and stability, except of course they are emergencies of direcr family members which could also be  considered to be your own emergency too.
Your emergency should come first, as well as your financial well being, that boundary between your emergency fund and others' financial needs should be maintained and very clear.

It is a personality thing and I will not blame anyone who does that because such might just being doing that with a bid to finding peace within himself or herself. There are people that are so softhearted to the point that they can actually dip hands into their emergency funds to help someone they don't even know but need urgent attention. I have such a person which is my mum, who can inconvenience herself to please others. Her love for humanity knows no limit and because of her I feel some people are just born that way and there nothing that can change them. Even though this may not be too favorable for an investor still at the building stage, it is what it is.

"Pleasing others at your own expense comes with no peace". That is not what giving is all about, anyone (investor) is simply fooling around, it a wrong approach in life matters, demands from people and family members is never ending, any investor or person that always give at his own expenses never grows.
If the investor have the money available am not against such since your reserve or emergency funds can cover for it but it should not be forced, at your own expense simply because you wanna give others; We should understand this.