Buy Buy Buy or Sell Sell Sell?

[JayJuanGee]

There is nothing wrong mixing up strategies when you have the enough leverages to do that, and I don't understand what you meant by it will lead to lack of concentration and a clear vision of your investment even when you have the financial strength to do so without struggling, one can be consistently buying Bitcoin with the dca, Lump sum and even buy the dip if all the preparations has been made at their convenient without seeing their investment as a burden and they have their other areas of life going well, it is all about what works for you or sit well for you as a person which might differ from that of others.

Doing DCA isn't something that everyone can do. It can be due to lack of awareness and maybe they do not have more money to invest in bitcoin. Regardless of whether anyone do DCA or invest in bitcoin at a single, the important thing is to believe in this investment and that bitcoin will move up but it can take time.

There are newbie investors who want to get rich quick and they do not like the price action as we have now like we pump a bit and then dump a lot more. Such things shouldn't make the investors panic sell or get bored out of this market. You need to be strong and believe in the long-term price action and that would be positive.

Yes of course if any investors or any newbies that want to embark on building his Bitcoin portfolio using DCA strategy should be the patient time because process were by DCA strategy is a means of buying small small requires more time and patience of any investors that want to use DCA strategy and if by any chance that any investors or newbies think of making quick money through Bitcoin investments in a short term period, such investors is really exposing him self into too risk and losing of income will be involved because a desperate heart also requires a desperate measure, so we should not forget that using DCA strategy is not only the means of buying small small and not for  investors or newbies that doesn't have a bigger amount to invest with that only make of DCA strategy only but DCA strategy function as minimizing risk and assure all investors that they will not lose all they have invested with.

I doubt DCA is something that purposefully allows investors to be whimpy in their investment, even though it does allow investors to tailor their investment into bitcoin however they like.

Part of the advantage of DCA is that it provides a way that investors can tailor their investment amount (whether whimpy or aggressive) as their income is coming in and as their income is coming available. 

Sure, they can choose to purposefully keep their investment into bitcoin whimpy if they choose, yet they can also use DCA to cause their bitcoin investment to be as aggressive as they are able to be without overdoing it.

The level of whimpiness or aggressiveness is chosen and either can be chosen (it's up to the investor) through the employment of DCA.

That consistency power should come from you buying bitcoin regularly and not just maintaining one buying method. Buying bitcoin is the main thing that matters. You can explore all three methods of buying bitcoin and still be consistent. Each methods have it's own advantages, so imagine the position of your portfolio if you are combining all three methods. If you are financially capable, it is possible to maintain consistency with all three methods, just know when to deploy them and you are good.

When Bitcoin buyers are able to understand more methods for purchasing Bitcoin more regularly because they're financially stable, their portfolio will undoubtedly continue to grow without having to wait too long to accumulate a large amount of Bitcoin if each purchase is a fairly large amount on average. However, if you can't understand more methods for purchasing Bitcoin, or only understand one method for purchasing, I think that's not a bad thing for those who like to buy Bitcoin, as it's still much better than being a market spectator who doesn't dare to do anything in the current conditions.

This is because there are many people who have a lot of BTC because they bought it using multiple methods but were impatient and ultimately couldn't hold onto it for the long term. So, in my opinion, the most important thing is to hold onto BTC for the long term because the more BTC we have, the greater the temptation to sell it, especially when BTC hits a new all-time high.

So what you are saying is that we should be accumulating small bitcoin and hold even if we have the opportunity to accumulate a reasonable amount of bitcoin in our portfolio with same objective of holding for a long term? Your reason being that if we have a good amount of bitcoin we will be tempted to sell at ATH, your  logic don't make sense to me because you know that over the years the price of bitcoin keeps increasing. After every circle the price of bitcoin never remains the same as the previous circle. So if you have the opportunity to accumulate more bitcoin in your portfolio now why not do it? As someone who has already resolved resolved in his heart to hold bitcoin for the long term will not entertain any temptation of selling bitcoin even at ATH. It is you that will allow temptation to take over you, temptation won't take your bitcoin to the market and sell it, unless you do it. So if the temptation comes you overcome it, case close. if you sell your bitcoin, own up to your decision and don't blame any temptation. I will always choose buy more bitcoin when I have the opportunity, than using temptation to sell at ATH as an excuse why I am not accumulating more bitcoin.

If we start to feel that we have enough bitcoin or more than enough bitcoin, then we might start to change our strategies so that we are not ONLY accumulating, and I frequently like to consider being in accumulation stage first, and then getting to maintenance stage and then finally getting to sustainable withdrawal (liquidation) stage, and sure there can be some overlap in the stages, yet our behaviors are likely to change and our ways of dealing with our BTC stash are likely to change in each stage, and some guys might mistakenly consider themselves to be in one stage or another, and then later realize that they had been mistaken, so guys might not always know which stage they are in.

The basic knowledge you’re talking about entails more than you’ve imagine, it’s not just buy and sell, you also need to understand the importance of highs and low,

When someone says that you must have a basic knowledge on Bitcoin investment before starting out, what do you think the person is talking about?
You don't need to know all that you are talking off, like high and low, what you just needs to know is how to buy and accumulate Bitcoin, using your discretionary income to carry it out that's all, along the line of your investment, you may seek further knowledge on what and what that needs to be put in place in other to be able to hold strong even when faced with real life emergencies or challenges.

What I would advice that you should be doing is listening and learning from sir jayguangee since he is not just a veteran in the space, but a well knowledgeable and informed one at that, instead of teaching people you should be learning from.

Most investors are not aware of why Bitcoin was created and the basic knowledge of Bitcoin. They only listen to the success stories of others and build a Bitcoin portfolio and hold it for a long time and then they start investing. But they never think about how much patience and consistency there is behind building a portfolio and there is risk. Without knowing all this, he starts investing and when the market falls, he panics and sells his portfolio.

We need to know the right information. Basic knowledge of Bitcoin does not only mean buying Bitcoin and making discretionary income. Basic knowledge of Bitcoin means what Bitcoin is, the risks of Bitcoin, transactions, etc. If we only know about buying Bitcoin and making discretionary income and if we start investing, then if the market ever falls, you can panic and sell your holdings.

All you need to start investing in bitcoin is discretionary funds and common sense.

Common sense should tell you to not invest very much if you don't know anything. So you can perhaps start out investing $30 per week, even though you know that you could afford $100 per week, and then as you learn more about bitcoin, then you can choose to invest more.  You don't need to know anything before you get started - except to make sure that you have discretionary funds... and then use your common sense to be reasonable in your approach... which may well tell you that you need to dedicate some time to learn more about bitcoin, perhaps learning a couple of hours every week.  Each person can decide for himself using his common sense. 

If he does not have discretionary funds and/or common sense, then he might have to get those two things before getting started investing into bitcoin.

Your description of basic knowledge about bitcoin, what bitcoin is, risks of bitcoin, transactions are not necessary to be known before getting started.  The person has common sense right?  Therefore, he can figure which parts he needs to know and at what level in order while he is getting started, so they are not required in advance.  Maybe he starts out with $10 that he is going to invest into bitcoin?  And, sure anyone might consider it to be prudent to look over some charts and spend a few hours glancing over some basic descriptions of bitcoin before getting started and figure out from where to source his coins...

yet whatever the specific actions would be figured out through common sense such as asking friends, looking up information on the internet and various particularities that might exist from location to location in regards to what ways of sourcing getting bitcoin would be available.. whether a person might use an exchange or maybe there are people who buy and sell bitcoin that he knows, which would also be ways to get started.. and one way might require figuring out how to get an account with an exchange and another might require figuring out how to get  a reliable wallet.. and the more concern that the guy has about not knowing then the less that he would invest until getting comfortable with how he is initially sourcing his coins.

Maybe a guy starts out by setting up some kind of an account and then buying $10 worth of bitcoin, yet maybe he is not comfortable with the account and so his common sense tells him to read more about the account and his various other options to source bitcoin - which might relate to how did he find out about bitcoin in the first place, and are his sources good or does he need to look into the matter more in terms of how much he is going to put into bitcoin, and maybe he wants to buy somewhere between $30 and $100 per week, but he does not want to start putting that amount into bitcoin until feeling more comfortable, so then sure, he has gotten started yet he still has to continue to look into the matter to improve his own comforts, and if he gives up and either decides not to get started or not to research further, then he may well end up with a lot of regrets later down the road, since with bitcoin, it is likely better for most people to figure out ways to get started as soon as possible, even if they might ONLY be starting out small until they become more and more comfortable, and it can take a bit of time to get some systems for getting bitcoin set up and to increase comfort level. 

I recall when I started out in late 2013, I started with three different accounts, but it took me several weeks to get them set up and I was learning how each different kind of account worked, and there were aspects of the learning that were uncomfortable, and surely these days what is available to people is going to differ from late 2013, yet it is also going to differ from jurisdiction to jurisdiction which is part of the reason that we might not be able to just proclaim one way to source bitcoin, even though many folks do start to source bitcoin through exchanges and then later figure out how to move the bitcoin to private wallets, and they don't need to know all of that before they start, and they can start buying bitcoin and learn about bitcoin at the same time.  Maybe they have a friend that helps them out?  and maybe they do not have any friend, except maybe someone they know tells them to start out with a particular exchange that is available to them, which might be an o..k way to start even though they might need to learn more as they go. I recall that I would maybe add some new kind of an account or learn some other new aspects about bitcoin every few months, and after a couple of years in bitcoin, I had many different accounts, yet I had also spent some time learning about how to store privately too...

There are some folks who don't want to store bitcoin privately, yet it seems like something that bitcoiners should learn to protect themselves and to protect their stash, yet they do not need to learn how to store their privately before they get started, even though surely some folks might have a friend who might tell them about some wallet (such as blue wallet or phoenix or perhaps some other open source wallet), and they might start out by receiving bitcoin on a private wallet and need to learn how to back up their key, yet not everyone will start out with a private wallet or learn about private wallets before they might start to buy some bitcoin through accounts that they create on exchanges, first.  There is going to be some variation with how newbies might start, yet they should try to get started sooner rather than later... since bitcoin is a very important investment for anyone and everyone who has discretionary funds.

so we should not forget that using DCA strategy is not only the means of buying small small and not for  investors or newbies that doesn't have a bigger amount to invest with that only make of DCA strategy only but DCA strategy function as minimizing risk and assure all investors that they will not lose all they have invested with.

your statement is very confusing, what did you mean by DCA strategy is not for investors or newbies that doesn't have bigger amount to invest with?

Are you trying to say that those that doesn't have enough discretionary can't invest into Bitcoin? If that's what you mean then you must be very much mistaken, just so you know the DCA strategy is implemented in other to help those that doesn't have enough discretionary to be looking into buying using other method, while those that have enough discretionary income can figure out the strategy that will be suitable for them which most of them might decide to adopt the DCA since it minimize risk .But the thing is DCA is not limited to some set of people the only thing that qualifies a guy to use the DCA is having a discretionary income irrespective of the amount.

You have to have discretionary income to invest in bitcoin, since if you use money that is not discretionary income, then that means you are using money that is meant for expenses, which would be gambling with money that is needed for something else.

DCA allows tailoring within discretionary income, so the investor could still end up losing everything that they invested into bitcoin, yet if they are truly taking from their discretionary income and they are taking from money that they are willing to lose, then at least they know the most that they could lose is 100% of what they put in, yet if they don't need that money for their expenses, then they should be able to tolerate the loss, since they are investing with money that they can afford to lose.

Surely, if a person chooses to invest $100 every week into bitcoin, then after a while the amount of money adds up to be more and more and more, yet if they had always been taking from money that they can afford to lose, then the fact that it has grown to be a large amount should not change the fact that they were taking the money from funds that they could afford to lose - yet surely people still might become emotional about their bitcoin especially after it has continued to grow and grow and grow, and there may be some folks who feel better to take some money out of their bitcoin investment, and that is their choice to take money out of their bitcoin investment, even though it might not be a good way of dealing with the managing of their bitcoin investment, yet they have the discretion to manage their bitcoin in ways that they choose, even if the value of their investment might contribute towards confusing them in regards to how to manage it.  Yet, it seems the longer that a person invests into bitcoin, then the more abilities they should have to prepare themselves for changes in the bitcoin price and so that they would know how to deal with those changes and if they are able to stay focused on ongoing bitcoin accumulation or if they get distracted in wanting to either take value out or to stop contributing to the adding of value to their bitcoin holdings.

[I_Anime]

If we start to feel that we have enough bitcoin or more than enough bitcoin, then we might start to change our strategies so that we are not ONLY accumulating, and I frequently like to consider being in accumulation stage first, and then getting to maintenance stage and then finally getting to sustainable withdrawal (liquidation) stage, and sure there can be some overlap in the stages, yet our behaviors are likely to change and our ways of dealing with our BTC stash are likely to change in each stage, and some guys might mistakenly consider themselves to be in one stage or another, and then later realize that they had been mistaken, so guys might not always know which stage they are in.

Can you elaborate more on the maintenance stage , I do understand the accumulating stage where all the buying with different strategies takes place .

And how can one tell which stages they are , but me I can actually tell the stage am in I’m still in my accumulation stage, because i have not come close to my target goal , so I can say I’m still in my accumulation stage . Clearly I’m still far from withdrawal stage .

[Moeralife11]

so we should not forget that using DCA strategy is not only the means of buying small small and not for  investors or newbies that doesn't have a bigger amount to invest with that only make of DCA strategy only but DCA strategy function as minimizing risk and assure all investors that they will not lose all they have invested with.

 your statement is very confusing, what did you mean by DCA strategy is not for investors or newbies that doesn't have bigger amount to invest with?

Are you trying to say that those that doesn't have enough discretionary can't invest into Bitcoin? If that's what you mean then you must be very much mistaken, just so you know the DCA strategy is implemented in other to help those that doesn't have enough discretionary to be looking into buying using other method, while those that have enough discretionary income can figure out the strategy that will be suitable for them which most of them might decide to adopt the DCA since it minimize risk .But the thing is DCA is not limited to some set of people the only thing that qualifies a guy to use the DCA is having a discretionary income irrespective of the amount.

Having limited discretionary income does not disqualify anyone from investing in Bitcoin. In fact, that’s exactly why DCA exists and also DCA was designed to help people who don’t have large discretionary income invest gradually, consistently, and with reduced risk taking too, So people with higher discretionary income may choose different strategies like lump sum, hybrid, active trading but many still prefer DCA because it minimizes timing risk and emotional stress ok

[Moeralife11]

the DCA method is good and safe but sometimes you have to go for the short term because high risk brings high reward, this is best for high income earners, so Incase things goes south there's something to run back to.

One of the biggest mistakes most of you newbies does is giving out lectures to those that you should be learning from, who told you that trading your Bitcoin brings higher rewards?
It's more risky, but less rewarding if it is being compared to investment in bitcoin, because the short term you are talking of is either trading or gambling with your holdings.

Overtime it has been proven that the biggest benefactors are those that buy and held their Bitcoin coin for a very long time, not those that sell prematurely or for minimal gains that will have less impact on their financial status.

One of the biggest mistakes most newbies make is buying and selling immediately and that's wrong. Wealth in Bitcoin is not built by impatience, constant buying and selling, or chasing quick wins it is built by conviction, discipline, and time in the market and not those who sold prematurely for small, insignificant gains that barely make any real difference to their financial lives. Trading is far more risky and far less rewarding when compared to long term Bitcoin investment and short term gains is often nothing more than speculation or outright gambling with your holdings.

[Gallar]

Having limited discretionary income does not disqualify anyone from investing in Bitcoin. In fact, that’s exactly why DCA exists and also DCA was designed to help people who don’t have large discretionary income invest gradually, consistently, and with reduced risk taking too, So people with higher discretionary income may choose different strategies like lump sum, hybrid, active trading but many still prefer DCA because it minimizes timing risk and emotional stress ok

Yes, DCA is designed to allow investors, including those in Bitcoin, to accumulate regularly and purposefully at each stage. Essentially, DCA is like a calendar, allowing us to better control our Bitcoin purchases, allowing for more stability and buying at various prices. If we're talking about someone who doesn't have a large discretionary fund, DCA can indeed be a solution. With DCA, everyone feels like they have the opportunity to invest in Bitcoin.

I think that's the key point I've realized now. Just think: when someone doesn't have a lot of discretionary funds but wants to invest in Bitcoin, if they don't understand the DCA strategy, they'll likely give up on their desire. Bitcoin is perceived as expensive. But if we look at Bitcoin from a DCA strategy perspective, Bitcoin is indeed expensive, but with consistent weekly accumulation, our Bitcoin holdings will undoubtedly increase. So, I think that's the key advantage of the DCA strategy. Essentially, DCA is a truly powerful investment strategy.

[ZeroVinsonN]

There is nothing wrong mixing up strategies when you have the enough leverages to do that, and I don't understand what you meant by it will lead to lack of concentration and a clear vision of your investment even when you have the financial strength to do so without struggling, one can be consistently buying Bitcoin with the dca, Lump sum and even buy the dip if all the preparations has been made at their convenient without seeing their investment as a burden and they have their other areas of life going well, it is all about what works for you or sit well for you as a person which might differ from that of others.

Doing DCA isn't something that everyone can do. It can be due to lack of awareness and maybe they do not have more money to invest in bitcoin. Regardless of whether anyone do DCA or invest in bitcoin at a single, the important thing is to believe in this investment and that bitcoin will move up but it can take time.

There are newbie investors who want to get rich quick and they do not like the price action as we have now like we pump a bit and then dump a lot more. Such things shouldn't make the investors panic sell or get bored out of this market. You need to be strong and believe in the long-term price action and that would be positive.

Yes of course if any investors or any newbies that want to embark on building his Bitcoin portfolio using DCA strategy should be the patient time because process were by DCA strategy is a means of buying small small requires more time and patience of any investors that want to use DCA strategy and if by any chance that any investors or newbies think of making quick money through Bitcoin investments in a short term period, such investors is really exposing him self into too risk and losing of income will be involved because a desperate heart also requires a desperate measure, so we should not forget that using DCA strategy is not only the means of buying small small and not for  investors or newbies that doesn't have a bigger amount to invest with that only make of DCA strategy only but DCA strategy function as minimizing risk and assure all investors that they will not lose all they have invested with.

I doubt DCA is something that purposefully allows investors to be whimpy in their investment, even though it does allow investors to tailor their investment into bitcoin however they like.

Part of the advantage of DCA is that it provides a way that investors can tailor their investment amount (whether whimpy or aggressive) as their income is coming in and as their income is coming available. 

Sure, they can choose to purposefully keep their investment into bitcoin whimpy if they choose, yet they can also use DCA to cause their bitcoin investment to be as aggressive as they are able to be without overdoing it.

The level of whimpiness or aggressiveness is chosen and either can be chosen (it's up to the investor) through the employment of DCA.

Depending on how much a person is willing to invest in bitcoin with the DCA which is dependent on their discretionary income then we can actually see people who are investing incredibly amounts in bitcoin while using the DCA, just because the method accommodates a wife investment range doesn't mean anyone using it has to be investing peanuts when even they do, the choice is dependent on the investor and also on how much discretionary income they have available to them with some people generating more discretionary income than others which can always enable to to be more aggressive in their investment if they choose to be or they can be wimpy , at the end of the day it's their choice on how they wish to grow their investment and their choice on how much of their discretionary income they wish to put into their investment whenever they invest using the DCA as their go to strategy.

[Akaenyi]

Having limited discretionary income does not disqualify anyone from investing in Bitcoin. In fact, that’s exactly why DCA exists and also DCA was designed to help people who don’t have large discretionary income invest gradually, consistently, and with reduced risk taking too, So people with higher discretionary income may choose different strategies like lump sum, hybrid, active trading but many still prefer DCA because it minimizes timing risk and emotional stress ok

Yes, DCA is designed to allow investors, including those in Bitcoin, to accumulate regularly and purposefully at each stage. Essentially, DCA is like a calendar, allowing us to better control our Bitcoin purchases, allowing for more stability and buying at various prices. If we're talking about someone who doesn't have a large discretionary fund, DCA can indeed be a solution. With DCA, everyone feels like they have the opportunity to invest in Bitcoin.

I think that's the key point I've realized now. Just think: when someone doesn't have a lot of discretionary funds but wants to invest in Bitcoin, if they don't understand the DCA strategy, they'll likely give up on their desire. Bitcoin is perceived as expensive. But if we look at Bitcoin from a DCA strategy perspective, Bitcoin is indeed expensive, but with consistent weekly accumulation, our Bitcoin holdings will undoubtedly increase. So, I think that's the key advantage of the DCA strategy. Essentially, DCA is a truly powerful investment strategy.

Insufficient discretionary funds is not a good excuse not to start Bitcoin investment, you have to cut your coat according to your size which means that you can start with very minimal amount. As your discretionary funds starts to increase you will be increasing the amount that you use to buy Bitcoin. This is why DCA method is essential especially for small income earners, it makes them to be focused on the long term accumulation. At every point of DCA accumulation it doesn't mean that the amount that you will use to buy must be constant, if your income increases you increase amount, if it reduces you reduce your amount. No need to put yourself under pressure to use amount that you are not comfortable with to buy Bitcoin

Bitcoin investment is not expensive if you buy according to your capacity, you don't have to buy 1 Bitcoin if you cannot afford it. You can buy $10 worth of Bitcoin in sats which is inexpensive for low income earners, when your income improves you will be increasing the amount gradually. The important factor is to always have a discretionary fund as an investor, you plan how to disburse funds from it. Decide the amount to buy Bitcoin with, how much to set aside for emergency occcurances

[JayJuanGee]

If we start to feel that we have enough bitcoin or more than enough bitcoin, then we might start to change our strategies so that we are not ONLY accumulating, and I frequently like to consider being in accumulation stage first, and then getting to maintenance stage and then finally getting to sustainable withdrawal (liquidation) stage, and sure there can be some overlap in the stages, yet our behaviors are likely to change and our ways of dealing with our BTC stash are likely to change in each stage, and some guys might mistakenly consider themselves to be in one stage or another, and then later realize that they had been mistaken, so guys might not always know which stage they are in.

Can you elaborate more on the maintenance stage , I do understand the accumulating stage where all the buying with different strategies takes place .

And how can one tell which stages they are , but me I can actually tell the stage am in I’m still in my accumulation stage, because i have not come close to my target goal , so I can say I’m still in my accumulation stage . Clearly I’m still far from withdrawal stage .

It is difficult to describe each of the stages for everyone, since each person is likely going to need to figure if they are moving into a different stage, and so yeah, many of us seem to agree that the earlier we are in our bitcoin journey then the more likely that we should ONLY be focusing on bitcoin accumulation and nothing else.. Yet, the more time that we spend accumulating bitcoin, and maybe the higher percentage of our income we put into bitcoin, we might start to feel that we can slow down in our accumulation and we don't need to be so aggressive about it.

I cannot say where that threshold amount of BTC accumulation is going to be.  Surely many normal people might ONLY be able to invest around 10% of their income into bitcoin, so it will take them nearly 10 years just to get to one year of income into bitcoin.

Yet a person who is able to invest close to 25% into bitcoin, then he may well end up investing a year into bitcoin in 4 years.  So you can see a difference that the higher abilities to put a lot of our current income into bitcoin might cause us to start to think that evey if we have not reached overaccumulation status, we are feeling that we can start to slow down

We could be affected both by how much we put in and BTC price movements, so if we are able to put 1-2 years of our income into biitcoin within 1 cycle, but then the BTC price ends up going up 5x or 10x, that could cause the amount that we put in to be anywhere between 5x to 20x of our annual income, so then we might start to feel that even though we are not ready to start withdrawing, we might start to feel that we don't really need to keep putting more value in.

Frequently I will think that we spend some time focused on accumulating, then we might spend some time in the in between stage of maintenance before we start to feel comfortable starting to execute some sustainable withdrawal strategies whether they might start out as price based first and then transition into time based sustainable withdrawal.  The ways of employing either of those kinds of sustainable withdrawal practices would be different from one another yet I still assume some level of overaccumulation to be considered to be in place before starting to employ either of them (and I talk about them in my sustainable withdrawal thread)

[alankasman]

Sure, I agree with you, nobody will ever have everything perfect from the beginning of their investment. We may have the knowledge or understanding, but that does mean we are already perfect, the real comes when you start to experience how it feels to hold during the dip. You may understand that the DCA is the best strategy to buy gradually in order to feel comfortable with other cost, but holding it will give you additional knowledge to understand more about bitcoin.
Everything about bitcoin is to somewhere, and every investor has their own target, sometimes those with no coin may face some challenges during their journey, but that does not mean they should do more than they can afford, once they feel more comfortable, they can continue with their goal, which why it is suitable to use the DCA method.

There's no such thing as perfect as you mentioned. Every activity we undertake will undoubtedly face challenges even if we understand it well. Especially when it comes to investing we must truly explore and deepen our understanding. Simply relying on the knowledge and understanding shared by a few people won't lead us to a deeper understanding of investment. Therefore any activity we undertake requires in-depth study regardless of the understanding and knowledge gained from those who have previously engaged in the activity.

Everyone has their own goals especially investors whom we know have more financial resources than we do. So when it comes to goals I think anyone who has experienced buying and selling Bitcoin will be increasingly inspired by the various DCA methods that suit them allowing them to continue pursuing their goals.

[ZeroVinsonN]

Having limited discretionary income does not disqualify anyone from investing in Bitcoin. In fact, that’s exactly why DCA exists and also DCA was designed to help people who don’t have large discretionary income invest gradually, consistently, and with reduced risk taking too, So people with higher discretionary income may choose different strategies like lump sum, hybrid, active trading but many still prefer DCA because it minimizes timing risk and emotional stress ok

Yes, DCA is designed to allow investors, including those in Bitcoin, to accumulate regularly and purposefully at each stage. Essentially, DCA is like a calendar, allowing us to better control our Bitcoin purchases, allowing for more stability and buying at various prices. If we're talking about someone who doesn't have a large discretionary fund, DCA can indeed be a solution. With DCA, everyone feels like they have the opportunity to invest in Bitcoin.

I think that's the key point I've realized now. Just think: when someone doesn't have a lot of discretionary funds but wants to invest in Bitcoin, if they don't understand the DCA strategy, they'll likely give up on their desire. Bitcoin is perceived as expensive. But if we look at Bitcoin from a DCA strategy perspective, Bitcoin is indeed expensive, but with consistent weekly accumulation, our Bitcoin holdings will undoubtedly increase. So, I think that's the key advantage of the DCA strategy. Essentially, DCA is a truly powerful investment strategy.

Insufficient discretionary funds is not a good excuse not to start Bitcoin investment, you have to cut your coat according to your size which means that you can start with very minimal amount. As your discretionary funds starts to increase you will be increasing the amount that you use to buy Bitcoin. This is why DCA method is essential especially for small income earners, it makes them to be focused on the long term accumulation. At every point of DCA accumulation it doesn't mean that the amount that you will use to buy must be constant, if your income increases you increase amount, if it reduces you reduce your amount. No need to put yourself under pressure to use amount that you are not comfortable with to buy Bitcoin

Bitcoin investment is not expensive if you buy according to your capacity, you don't have to buy 1 Bitcoin if you cannot afford it. You can buy $10 worth of Bitcoin in sats which is inexpensive for low income earners, when your income improves you will be increasing the amount gradually. The important factor is to always have a discretionary fund as an investor, you plan how to disburse funds from it. Decide the amount to buy Bitcoin with, how much to set aside for emergency occcurances

Anyone who actually wants to invest in bitcoin with cut down on their expenses if they are barely making any discretionary income, it's really a matter of what you want to do at the end of the day, most people don't even understand what their discretionary income is and they misunderstand their wants for needs telling themselves that certain luxuries are essential, this misconception leads to alot of people saying that are not generating enough discretionary income to be able invest in bitcoin but the choice is ours at the end of the day, if you truly want to invest in bitcoin then you will find a way to make it possible even if it means having to increase your income in order to increase your discretionary income or cutting down on your expenses in order to increase your discretionary income, either way works.

[Abelly]

so we should not forget that using DCA strategy is not only the means of buying small small and not for  investors or newbies that doesn't have a bigger amount to invest with that only make of DCA strategy only but DCA strategy function as minimizing risk and assure all investors that they will not lose all they have invested with.

 your statement is very confusing, what did you mean by DCA strategy is not for investors or newbies that doesn't have bigger amount to invest with?

Are you trying to say that those that doesn't have enough discretionary can't invest into Bitcoin? If that's what you mean then you must be very much mistaken, just so you know the DCA strategy is implemented in other to help those that doesn't have enough discretionary to be looking into buying using other method, while those that have enough discretionary income can figure out the strategy that will be suitable for them which most of them might decide to adopt the DCA since it minimize risk .But the thing is DCA is not limited to some set of people the only thing that qualifies a guy to use the DCA is having a discretionary income irrespective of the amount.

Having limited discretionary income does not disqualify anyone from investing in Bitcoin. In fact, that’s exactly why DCA exists and also DCA was designed to help people who don’t have large discretionary income invest gradually, consistently, and with reduced risk taking too, So people with higher discretionary income may choose different strategies like lump sum, hybrid, active trading but many still prefer DCA because it minimizes timing risk and emotional stress ok

Many people think that if you have low discretionary income, you should not invest in Bitcoin. In my opinion, This idea is wrong. The reality is that DCA was Created with this category of people in mind, Who do not have large sums of money in hand. This is the main purpose of DCA.
Of CoJrse, thOse with high inCome can do a one-time investment hybrid strategy or active trading if they want, but surPrisingly, many high-income and experienced investors still choose DCA, because it Reduces worries about market timing and keeps them away from making wrong decisions based On emotions.
Success in Bitcoin is more dEpendent on consistency,
 patience and following the right strategy, Not On the amOunt of income.

[AuchanX]

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There's no such thing as perfect as you mentioned. Every activity we undertake will undoubtedly face challenges even if we understand it well. Especially when it comes to investing we must truly explore and deepen our understanding.

Yes,it is true that investing is not perfect..But to conclude from that fact that every activity is inevitably fraught with an equal degree of uncertainty seems to me to be an overgeneralization.In reality, no matter how uncertain the Marke,,specific policies and structured strategies have consistently yielded good results over time.

Simply relying on the knowledge and understanding shared by a few people won't lead us to a deeper understanding of investment. Therefore any activity we undertake requires in-depth study regardless of the understanding and knowledge gained from those who have previously engaged in the activity.

It's not that simple..The Bitcoin market itself is built on the experiences of previous participants. Whatever examples you give, such as the halving cycle, long term trends, or even DCA or HODL, these ideas are not based on personal assumptions, but on years of combined experience and data analysis. So I think that taking the knowledge of experts as a basis does not mean blindly following them, but rather verifying it and adapting it to your own situation is real intelligence. And there are many here who have learned a lot by regularly interacting with experts.

[Timotech]

With the rise of cryptocurrency, thief's  have become more common. From fake exchanges to pump-and-dump schemes, it’s easy for newbies to fall into a trap if they’re not careful. So please always verify the legitimacy of the platforms and projects before investing your capital.I humbly suggest for we the Newbies

[Makus]

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Anyone who actually wants to invest in bitcoin with cut down on their expenses if they are barely making any discretionary income, it's really a matter of what you want to do at the end of the day, most people don't even understand what their discretionary income is and they misunderstand their wants for needs telling themselves that certain luxuries are essential, this misconception leads to alot of people saying that are not generating enough discretionary income to be able invest in bitcoin but the choice is ours at the end of the day, if you truly want to invest in bitcoin then you will find a way to make it possible even if it means having to increase your income in order to increase your discretionary income or cutting down on your expenses in order to increase your discretionary income, either way works.

Most people claim their source of income is barely enough for their basic needs whereas if you look at their list of spending you'll find out that they've mixed up their needs and wants. Investing in bitcoin using DCA, setting aside emergency and reserved fund doesn't just enable you to make investment, it teaches you financial discipline and the ways of the wealthy elites. Since finances is a broad topic to discuss on, anyone who wishes to do well with his or her finances ought to understand and have some basic knowledge of how it works. Jay might continually talk about having a discretionary income and making your investments from it, but the origin of such investment strategy is having a clear understanding of the basics of finance. In other words those finding it difficult to make distinction between their wants and needs when spending need to at least know their meaning. It wouldn't take up to 30min to fully grasp the distinction and make a schedule on your spending, that way you can have a healthy bitcoin accumulation journey.

[ZeroVinsonN]

With the rise of cryptocurrency, thief's  have become more common. From fake exchanges to pump-and-dump schemes, it’s easy for newbies to fall into a trap if they’re not careful. So please always verify the legitimacy of the platforms and projects before investing your capital.I humbly suggest for we the Newbies

You are new which will explain why you are making the mistake of using the term cryptocurrency here, it's too vague a word to use and it doesn't speak on anything specifically so best to avoid using the term, plus this is a bitcoin thread and we are discussing entirely about bitcoin here so if you want to talk about bitcoin then use the right word instead of using vague and confusing terminologies, let's be guided please so as to not mislead others here.
This thread is for bitcoin and not shitcoins so try to limit your discussions to bitcoin alone.

[Silikiem]

With the rise of cryptocurrency, thief's  have become more common. From fake exchanges to pump-and-dump schemes, it’s easy for newbies to fall into a trap if they’re not careful. So please always verify the legitimacy of the platforms and projects before investing your capital.I humbly suggest for we the Newbies

This is the more reason why it is always emphasized on this thread not to be describing or associating bitcoin to cryptocurrency, and that when talking about bitcoin one should be specific and just call it Bitcoin, not cryptocurrency. Because there are so many cryptocurrencies out there that are shitcoins and are capable of misleading the public into believing that they have any real value and they jump to invest in it but at the end they end up regretting. Due to reasons like this whenever some persons hear anything cryptocurrency. They ran away, they think is a scam. But bitcoin have distinguished itself among these shitcoins, proving over the years to be the most valuable asset, and at such when you’re talking bitcoin it should just be bitcoin and not cryptocurrency so that you don’t mislead the public into investing in Any shitcoins with no real value even if held for years, and they start regretting tomorrow.

[Moeralife11]

If we start to feel that we have enough bitcoin or more than enough bitcoin, then we might start to change our strategies so that we are not ONLY accumulating, and I frequently like to consider being in accumulation stage first, and then getting to maintenance stage and then finally getting to sustainable withdrawal (liquidation) stage, and sure there can be some overlap in the stages, yet our behaviors are likely to change and our ways of dealing with our BTC stash are likely to change in each stage, and some guys might mistakenly consider themselves to be in one stage or another, and then later realize that they had been mistaken, so guys might not always know which stage they are in.

Can you elaborate more on the maintenance stage , I do understand the accumulating stage where all the buying with different strategies takes place .

And how can one tell which stages they are , but me I can actually tell the stage am in I’m still in my accumulation stage, because i have not come close to my target goal , so I can say I’m still in my accumulation stage . Clearly I’m still far from withdrawal stage .

Okay i can see that you’re thinking about this the right way already. But what you’re describing is essentially a capital lifecycle, and most people confuse the stages and try to skip one usually with painful results.
See accumulation stage is building capital, maintenance stage is protecting and stabilizing capital
Growth and Optimization stage is controlled expansion.
I will also advise you to buy and don't sell it immediately, keep them without selling against the future cause that makes you a good trader  and it helps alot ok

[Moeralife11]

With the rise of cryptocurrency, thief's  have become more common. From fake exchanges to pump-and-dump schemes, it’s easy for newbies to fall into a trap if they’re not careful. So please always verify the legitimacy of the platforms and projects before investing your capital.I humbly suggest for we the Newbies

Yes sure scams and theft have become more common. forming fake exchanges to pump and dump schemes, it’s very easy for beginners to fall into traps if they are not careful. That is why it is important to always verify the legitimacy of any platform or project before investing your hard earned capital, so please as a newbies take time to learn, do proper research, and avoid rushing into quick profit opportunities In crypto, be patience and knowledge are your strongest protections ok!

[MusaPk]

Sure, I agree with you, nobody will ever have everything perfect from the beginning of their investment. We may have the knowledge or understanding, but that does mean we are already perfect, the real comes when you start to experience how it feels to hold during the dip. You may understand that the DCA is the best strategy to buy gradually in order to feel comfortable with other cost, but holding it will give you additional knowledge to understand more about bitcoin.

Everything about bitcoin is to somewhere, and every investor has their own target, sometimes those with no coin may face some challenges during their journey, but that does not mean they should do more than they can afford, once they feel more comfortable, they can continue with their goal, which why it is suitable to use the DCA method.

It varies from person to person that how much he can easily invest in Bitcoin per week or month. Some people might have budget of investing 5000$ per week in Bitcoin while some can invest 100$ per week. The important thing is to stay consistent with whatever amount you have allocated for investing per week or month into Bitcoin.

Once you start investing, you can increase your investment like if you have invested 100$ per week when price was 126000$ then one can invest more (if he has some spare cash) when price has gone down to 90,000$. As we start investing in Bitcoin, we explore more ways of how to better our investment strategy and that's why it's important for no coiners to start from somewhere.   

[Finebone]

. So please always verify the legitimacy of the platforms and projects before investing your capital.I humbly suggest for we the Newbies

I would suggest that you put a disclaimer that it's not a financial advice, because the advice you are giving out is purely trash. Apart from Bitcoin, is their any reliable coin in this digital space? No.
So why will you be saying that newbies should verify the legitimacy of a project before investing their hard earned money, knowing fully well that alt and meme coin are full of shit, so if you are trying to make a research on them, it's like trying to make a research on the one's that are less shitty, since they are all full of shit. So it's a bad advice to tell someone to invest in them because at the end, the person is likely going to get burnt while investing in them since they falls more than they rise.