Buy Buy Buy or Sell Sell Sell?

[MusaPk]

True, there's no need to compare the amount we invest with others. This method certainly depends on our income which may be slightly lower than those who have a stable daily and monthly income. The most important thing is that we invest in Bitcoin consistently even with varying amounts. With a small amount allocated but with full concentration the investment results will follow our allocation whether it's $100 or $5000 weekly or monthly.

Hehehe, this is one of the most brilliant examples you've given encouraging everyone to experience the benefits of investing in Bitcoin. I agree with this situation. Sometimes some people only prioritize profits. For example when they initially bought BTC at $85, despite the price starting to reach $100, I think it would be better to continue investing by buying Bitcoin to accumulate more, with the goal of long-term investment to gain results and profits for our future by investing in Bitcoin.

The more you invest in Bitcoin for 4 years or beyond, more will be your return. That's why we must try to invest maximum in bitcoin because that will eventually be returned to us with huge profit. If someone can spare 100$ per month and that's he is maximum capacity then he must not hesitate in putting that in Bitcoin.  

With Bitcoin you aim must be high. Buying Bitcoin at $85,000 and selling few days after price touches $90,000 must not be the goal. If you have bought Bitcoin at $85,000 then your aim must be to sell some of your Bitcoins at $200,000 and that's possible only if you can hold your Bitcoins for 4 years.

[Bluebird1357]

Left for me i don't really value buying the dip strategy cause with the DCA you'll encounter several dips and have the opportunity to buy them so i don't see any reason to wait knowing fully well that the market is volatile and could go the other way round, except the person is ignorant to understand the advantage of the DCA.

 So instead of an investment to put themselves in a position that would seem like a wild goose chase, in the name of waiting for the real DIP, it better to just invest consistently and take advantage of any dip they come across while on the DCA, maybe they could increase their discretionary for investment whenever a dip occurs and switch back to the normal amount they started with whenever the market is normal or goes back upwards.

You know ignorance they say is disease but not an excuse for anyone to continue swimming in it, waiting has never and will never be an option for any investor although old members can say because they have been acumulating for awhile, ans say they will try the dip stuff but is that even a good one, personally I do not even fancy that, since we can not say exactly the time the dips will be and how long it will stay, why waiting for such.
For serious minds, I do not think that they see waiting as an excuse, for such a volatile asset, waiting to buy dips should not in any way come to our mind, since we can buy through DCA strategy that covers all other methods, I think people should be clear on what we are saying, I did not say buying the dip is not good but rather waiting and being idle, doing nothing in the name of the dip is a kind unwise because it can amount to nothing at the end.

Some people believe that waiting for the dip before buying BTC is the best option since they will buy at low price but that's a wrong way of buying bitcoin as a new investor who just newly started buying bitcoin. Waiting to buy the dip is a time waisting strategy and some persons end up not getting started or end up having a poor bitcoin portfolio, since we have the dca strategy the dip strategy should be of no use to an investor who has not reached his BTC accumulation stage because they will be buying regularly using the dca strategy. The dip is an opportunity for an investors to increase there bitcoin stack if they have a reserve funds by buying more not bad but too bad when waiting for the dip to buy BTC.

The biggest mistake that new investors make in investing is trying to find market timing or delaying the start. But they do not understand that no matter what the bad time or good time is, if they start investing and continue to buy a little bit regularly weekly/monthly, then a strong position will gradually be created. Therefore, the real goal of a new investor should not be to win the market but to survive in the market for the long term and when they become experienced, be prepared to buy dips in advance because dips are very powerful weapon for experienced investors, but only for prepared investors. Therefore, in a new situation, do not think too much and continue DCA regularly. Sometimes overthinking becomes the biggest obstacle in investing.

[Futurexxx]

The biggest mistake that new investors make in investing is trying to find market timing or delaying the start. But they do not understand that no matter what the bad time or good time is, if they start investing and continue to buy a little bit regularly weekly/monthly, then a strong position will gradually be created. Therefore, the real goal of a new investor should not be to win the market but to survive in the market for the long term and when they become experienced, be prepared to buy dips in advance because dips are very powerful weapon for experienced investors, but only for prepared investors. Therefore, in a new situation, do not think too much and continue DCA regularly. Sometimes overthinking becomes the biggest obstacle in investing.

Delaying starting out your Bitcoin investment is never a good idea because you may discourage yourself to the point where you may never start your accumulation. And even when we start accumulating and investing in Bitcoin, we should have that long term mindset that's it's the only best way to make a fortune from your Bitcoin investment, not by trading it, or trying to outsmart the market by waiting for a dip that may never come, so buying and accumulating consistently with a long term holding mindset is the only right way to make a fortune from Bitcoin investment.
Bitcoin is an asset that appreciates in value overtime and  it's still pretty young in the market, so their is still much room for growth, so why not seize the opportunity now that it's till very cheap?

[ZeroVinsonN]

Emergency funds are necessary funds to build in order to handle unforseen emergency situations so as not to panicked during emergency situations which may affect your Bitcoin investment so it is good to set aside three to five months worth of emergency funds before starting because the amount needed to handle emergency situation cannot be determined.

You need to correct the mindset that you need an emergency fund set up before you can start investing in bitcoin because the truth is that you can actually start investing without an emergency or better still invest while also saving up for emergencies, the emergency fund is essential but that doesn't mean you have to delay your investment because of it, alot of people make the mistake of delaying their investment first because they want to save up for emergencies but then end up not investing at all at the end of the day so don't even consider having to wait to save up to 3 to 5 months worth of expenses before you can start investing in bitcoin.

[edited out]

We will never truly be ready until we actually start so the more time we waste telling ourselves that we are getting prepared for something the more time we actually lose that we could have used to start, Harrison Ford is an amazing actor today with so many achievements but before all that he was a carpenter, he was literally working on people's furniture from books on how to do carpentry work, he did not let his lack of knowledge delay him, instead he learnt as he worked, this was achievable in carpentry so why do some many people think it's unrealistic to attempt the same with bitcoin? Why do they always assume that we need to learn so much first before we can start investing? When we can actually learn while investing at the same time, bitcoin investment isn't rocket science and we don't really need all that much planning going into it before we can satisfactorily say the we are ready to start investing.

I would not proclaim bitcoin investing is easy.

Yet at the same time, as long as we have common sense and discretionary funds we can get started and to both learn all of the basic skills and putting the basic skills into practice, we can become very good at bitcoin and bitcoin investments as long as we are pacing ourselves and ongoingly trying to learn as we go without becoming too arrogant about our approach to bitcoin, since whatever we do is not guaranteed to result in success, yet at the same time, if we start out small and continue to work on improving ourselves and learning, then we likely are going to put ourselves in a better position for our having had gotten involved in bitcoin and started buying bitcoin as compared if we had not gotten involved in bitcoin.

Let's say for example, we hear about bitcoin, and we go to calculate our discretionary income, yet we are not really sure and we don't have a lot of confidence in our math skills.  If we have common sense, then we will realize that we may welll need to learn and/or improve our math skills.  Maybe we can figure out that it is possible to invest $100 per week, yet we are not sure.  Maybe we decide to start out at $30 per week, and in the next several weeks we work on our math skills to make sure that we are calculating everything correctly.  Maybe if we had not already learned math well enough, then we might have to figure out some ways to brush up on our math skills. 

Bitcoin does not require high level math skills, yet it is understandable that some people might not have learned math very well, and they might need to brush up on their math skills and even go through some processes of trying to count how much money that they have coming in and then how much money they are spending in order to really have confidence that they are not buying bitcoin beyond their discretionary funds.  Some people might have to practice for quite a bit of time, yet in the meantime, they still may well have a lot of confidence that they are not going to be harmed by $30 per week invested into bitcoin, yet if they want to be more aggressive, they figure that they have to learn a bit more math and basic accounting.. and they are doing this in order to be practical, since no one wants to lose money based on their own failures/refusals to hone up on the improvememnt of their basic skills.

At the same time, Bitcoin touches on a lot of areas, and in some ways bitcoin is complicated because it touches upon challenging our basic understandings in regards to what is money, and so bitcoin can become even potentially stressful in regards to its price movements and even some things that likely need to be learned in order to protect ourselves and even to self-custody the majority of the bitcoin holdings that we accumulate over the years.

At the same time, we do not need to get into specifics learning about bitcoin to get started, even though we might make sure that we do not overly invest from the start, and we start out slow as we are getting comfortable with our own cashflow management so that we can be comfortable investing in bitcoin and potentially increasing our weekly investment amounts.

We do not have to have high skill levels to start investing in bitcoin, yet if we want to be organized and protect ourselves, we likely will be continuing to learn about bitcoin to make sure that we are safeguarding the time, energy and value that we end up putting into bitcoin as compared with other places that we could have had invested our time, energy and value.

Architecture also isn't rocket science but that doesn't necessarily make it easy work, my point is simply out that people shouldn't consider bitcoin to be something they need to amass knowledge of first before they can start investing in it, that kind of delay can lead to them not being able to invest at all this is because delay often breeds fear which can ultimately lead to them doubting bitcoin's potential in the long run.
There certainly is not guarantee of success which is also why we should be sure to control our investment with our discretionary income and be careful not to go beyond that  when investing in bitcoin and like you said someone who is just starting and doesn't fully even know how much of his funds can be called discretionary can still invest because at the end of the day what's not known is the upper limits of their discretionary income bitcoin a certain level of it can still be determined otherwise since we already know that removing a small amount won't affect the payment of our bills like say the $30 you mentioned rather than risking $100 when you aren't sure of how much of your income actually goes to discretionary and over time that person can clear out their confusion and get a grasp on what their discretionary income amounts to.
With basic knowledge our investment can be started while we sort other things out along the way.

[Cossyblack]

The more you invest in Bitcoin for 4 years or beyond, more will be your return. That's why we must try to invest maximum in bitcoin because that will eventually be returned to us with huge profit. If someone can spare 100$ per month and that's he is maximum capacity then he must not hesitate in putting that in Bitcoin.  

With Bitcoin you aim must be high. Buying Bitcoin at $85,000 and selling few days after price touches $90,000 must not be the goal. If you have bought Bitcoin at $85,000 then your aim must be to sell some of your Bitcoins at $200,000 and that's possible only if you can hold your Bitcoins for 4 years.

Holding bitcoin for 4 years shows that we are serious about ours investment as it wouldn't seem like we gambling. In as much as bitcoin has the potential of reaching $200,000 in the future but it isn't certain that it would happen in 4 years time. It is could happen that the price of bitcoin might increase more than $200,00 yet it still falls on probability as we can't be certain since we don't have control over the price of bitcoin. Our focus shouldn't be the price of bitcoin but to make sure that we have constant flow discretionary income to invest consistently for the long term.

[Hardyrobust]

The more you invest in Bitcoin for 4 years or beyond, more will be your return. That's why we must try to invest maximum in bitcoin because that will eventually be returned to us with huge profit. If someone can spare 100$ per month and that's he is maximum capacity then he must not hesitate in putting that in Bitcoin.  

With Bitcoin you aim must be high. Buying Bitcoin at $85,000 and selling few days after price touches $90,000 must not be the goal. If you have bought Bitcoin at $85,000 then your aim must be to sell some of your Bitcoins at $200,000 and that's possible only if you can hold your Bitcoins for 4 years.

Holding bitcoin for 4 years shows that we are serious about ours investment as it wouldn't seem like we gambling. In as much as bitcoin has the potential of reaching $200,000 in the future but it isn't certain that it would happen in 4 years time. It is could happen that the price of bitcoin might increase more than $200,00 yet it still falls on probability as we can't be certain since we don't have control over the price of bitcoin. Our focus shouldn't be the price of bitcoin but to make sure that we have constant flow discretionary income to invest consistently for the long term.

yes our focus shouldn't be on the price of bitcoin but how much of it we have accumulated. The question we should always asked ourselves is If bitcoin happens to reach $200k now are we going to benefit from it. The answer to this question simply lies on the amount of bitcoin we have in our portfolio/ holding. A low coiner or no coiner should focus on building a good portfolio by buying bitcoin consistent ly instead of thinking about how the price of bitcoin will skyrocket.

[sotelorene]

The more you invest in Bitcoin for 4 years or beyond, more will be your return. That's why we must try to invest maximum in bitcoin because that will eventually be returned to us with huge profit. If someone can spare 100$ per month and that's he is maximum capacity then he must not hesitate in putting that in Bitcoin.  

With Bitcoin you aim must be high. Buying Bitcoin at $85,000 and selling few days after price touches $90,000 must not be the goal. If you have bought Bitcoin at $85,000 then your aim must be to sell some of your Bitcoins at $200,000 and that's possible only if you can hold your Bitcoins for 4 years.

Holding bitcoin for 4 years shows that we are serious about ours investment as it wouldn't seem like we gambling. In as much as bitcoin has the potential of reaching $200,000 in the future but it isn't certain that it would happen in 4 years time. It is could happen that the price of bitcoin might increase more than $200,00 yet it still falls on probability as we can't be certain since we don't have control over the price of bitcoin. Our focus shouldn't be the price of bitcoin but to make sure that we have constant flow discretionary income to invest consistently for the long term.

yes our focus shouldn't be on the price of bitcoin but how much of it we have accumulated. The question we should always asked ourselves is If bitcoin happens to reach $200k now are we going to benefit from it. The answer to this question simply lies on the amount of bitcoin we have in our portfolio/ holding. A low coiner or no coiner should focus on building a good portfolio by buying bitcoin consistent ly instead of thinking about how the price of bitcoin will skyrocket.

That is not the question we should be asking or we should ask our yourself because $200k is not the limit Bitcoin can go because the potential it has is way more than that and so that question is not necessary but the right thing to do is to grow our portfolio and be steady in our accumulation so that in the future we would have the cause to smile and celebrate. An investor that is holding for long term don't really need to bother about how much they will make if Bitcoin hit $200k because in less than no time Bitcoin wil hit that height and still surpass it.

[Bigjoe33]

Bitcoin is an asset that appreciates in value overtime and  it's still pretty young in the market, so their is still much room for growth, so why not seize the opportunity now that it's till very cheap?

To some persons, the present price of Bitcoin in the market is too high and they can't buy. While to some, they rather wait for the Dip season before they enter the market, while to some, they seize the opportunity and buy and HODL.

Now, you decided to buy at the current price and HODL, and after some years, the price moved from this present $90k+ to $150k to $200k or even +.

Another investor decided to wait for the Dip before they started investing, and there is no decline showing up, and they keep waiting and never started.

And another while waiting for a decline in price before they get started, and since they saw no decline but continuous increase in price, and  they finally decided to buy, and they ended up buying at $95-99k or even $200k

Looking at this 3 investors, who made better investment decisions? Who would be at gains at a long run? Who benefits more?
 
It's clear that the investor who decided to start buying with his discretionary income not minding the present market price continously, and HODL will be in better positions and profit as the price keep climbing or even though it drops because he has been able to stack some BTC in his portfolio while others were delaying.

If you are able to discover your discretionary, starting right away is the best option despite the market price, and gradually, using the DCA strategy, you can acquire some BTC while you keep growing your income and your portfolio

[Princess Leah]

Bitcoin is an asset that appreciates in value overtime and  it's still pretty young in the market, so their is still much room for growth, so why not seize the opportunity now that it's till very cheap?

To some persons, the present price of Bitcoin in the market is too high and they can't buy. While to some, they rather wait for the Dip season before they enter the market, while to some, they seize the opportunity and buy and HODL.

Now, you decided to buy at the current price and HODL, and after some years, the price moved from this present $90k+ to $150k to $200k or even +.

Another investor decided to wait for the Dip before they started investing, and there is no decline showing up, and they keep waiting and never started.

And another while waiting for a decline in price before they get started, and since they saw no decline but continuous increase in price, and  they finally decided to buy, and they ended up buying at $95-99k or even $200k

Looking at this 3 investors, who made better investment decisions? Who would be at gains at a long run? Who benefits more?
 
It's clear that the investor who decided to start buying with his discretionary income not minding the present market price continously, and HODL will be in better positions and profit as the price keep climbing or even though it drops because he has been able to stack some BTC in his portfolio while others were delaying.

If you are able to discover your discretionary, starting right away is the best option despite the market price, and gradually, using the DCA strategy, you can acquire some BTC while you keep growing your income and your portfolio

Those are ignorant people else they'll understand that the price of Bitcoin is not a barrier for investment due to the DCA and with that strategy, there's no need waiting for the dip cause they'll come across several dip and be of advantage to buy during those period since it requires them to be consistent.

 All these are what investors would know when they understand the basics of Bitcoin investment but it seems some people don't get it, if they can be patient enough to use a strategy that would make them miss lots of opportunities why can't they just use a strategy that offers more opportunities and help manage risk. Such people are just so ignorant of what the DCA offers.

[IceLincoln]

The decision to invest or not is ultimately an individual's choice and no one else gets to make it for them and that's why even though people are advised to invest in bitcoin no one can actually be coarsed in to doing it, if after investing for a while and investor decides to reduce how much he is already putting into the DCA for whatever reason they may have then it's still their choice to do so as it is also their choice to increase their investment as well though there are factors that can influence these decisions like maybe an increase or reduction in discretionary income and we know that our discretionary income is what ultimately decides how we invest so whatever affects our discretionary income will ultimately affect our investment rate but not what has already been invested provided we take the necessary measures to safeguard our investment.

Yes we can all agree that the decision for investment resides solely on an individual and his financial capacity but we can do well to share good information and knowledge to enable them make that choice and choose the right one.
Newbies who get to know bitcoin find the DCA more convenient and even whales like Michael Saylor and His Strategy use the DCA. So it’s a fine fit for everyone no matter your pocket size.

[POPOLUV]

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

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

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

I totally understand and agree with you that all strategies are the best when it comes to buying and accumulating Bitcoin aggressively, and why most folks consider DCA strategy as the best like you said, is because of the art of buying and accumulating Bitcoin gradually by gradually and also the guarantee of not losing all they have invested with, without thinking that every strategies used in Bitcoin investments has its different functions, as a investors all strategies is the best but it just depends on the level of your discretionary income will determine the strategies to follow.

[Jaksonhard]

Holding bitcoin for 4 years shows that we are serious about ours investment as it wouldn't seem like we gambling. In as much as bitcoin has the potential of reaching $200,000 in the future but it isn't certain that it would happen in 4 years time. It is could happen that the price of bitcoin might increase more than $200,00 yet it still falls on probability as we can't be certain since we don't have control over the price of bitcoin. Our focus shouldn't be the price of bitcoin but to make sure that we have constant flow discretionary income to invest consistently for the long term.

Good point. Owning Bitcoin for 4 years or longer shows that the person has an investor mentality, as opposed to a gambler mentality. In other words, they believe in the value of Bitcoin over time rather than being influenced by the ups and downs of Bitcoin prices in the short-term; they displayed (patience, discipline, and belief) in the long-term value of Bitcoins. Although it is possible that Bitcoin will eventually reach prices such as 200 thousand dollars, but there is no way to predict when it will happen, due to many factors outside of our control; and therefore, many uncertainties occur throughout any market. Instead of spending time worrying about what price Bitcoin is going to be in the future, it is better to focus on having money available every month and investing money into Bitcoin each month consistently. The sustainable success comes from sustainability, not from speculation and chasing large predictions.

[ChocolateBitcoinK]

The decision to invest or not is ultimately an individual's choice and no one else gets to make it for them and that's why even though people are advised to invest in bitcoin no one can actually be coarsed in to doing it, if after investing for a while and investor decides to reduce how much he is already putting into the DCA for whatever reason they may have then it's still their choice to do so as it is also their choice to increase their investment as well though there are factors that can influence these decisions like maybe an increase or reduction in discretionary income and we know that our discretionary income is what ultimately decides how we invest so whatever affects our discretionary income will ultimately affect our investment rate but not what has already been invested provided we take the necessary measures to safeguard our investment.

Yes we can all agree that the decision for investment resides solely on an individual and his financial capacity but we can do well to share good information and knowledge to enable them make that choice and choose the right one.
Newbies who get to know bitcoin find the DCA more convenient and even whales like Michael Saylor and His Strategy use the DCA. So it’s a fine fit for everyone no matter your pocket size.

The DCA strategy is the most suitable investment strategy for each and every type of person, it is a relatively safe and psychologically easy method for long-term Bitcoin investment, which is very easy to manage, with the right mindset and a consistent discretionary income, it is very easy to continue investing. It reduces the pressure of short-term market fluctuations and reduces the risk of making wrong decisions at the wrong time. That is why it is the most suitable strategy for every investor, used by both small and large, and DCA gives the best results in the long term compared to other strategies. Whether your pocket size is large or small, DCA is applicable to everyone, it encourages patience, discipline and a long-term perspective, which is very important to survive in a volatile asset like Bitcoin, it greatly reduces short-term volatility and risk and greatly increases the chances of success.

[Davidloki]

The biggest mistake that new investors make in investing is trying to find market timing or delaying the start. But they do not understand that no matter what the bad time or good time is, if they start investing and continue to buy a little bit regularly weekly/monthly, then a strong position will gradually be created. Therefore, the real goal of a new investor should not be to win the market but to survive in the market for the long term and when they become experienced, be prepared to buy dips in advance because dips are very powerful weapon for experienced investors, but only for prepared investors. Therefore, in a new situation, do not think too much and continue DCA regularly. Sometimes overthinking becomes the biggest obstacle in investing.

The most important thing in bitcoin investment is to keep accumulating bitcoin and forget about the what profit you will make if its rises  to a very significant value. DCA is the best strategy in achieving this, even if you don't have much income. The DCA strategy helps you accumulated bitcoin little by little, but if you are consistent with it, you will be surprise on how much bitcoin you have accumulated. Like someone mentioned in one of the post I read, its not about bitcoin rising to the value of $200,000, but will you be a beneficiary if it rise to that value. The answer for those that are not accumulating will definitely be no, but if you keep accumulating using the DCA strategy, you will definitely benefit from the rise of bitcoin. which in my opinion might even be sooner than expected, so the best thing for any wise investor is to start accumulating bitcoin with your discretionary income and forget about the profit you will be making when it gets to a certain value.

[abaeze]

The most important thing in bitcoin investment is to keep accumulating bitcoin and forget about the what profit you will make if its rises  to a very significant value. DCA is the best strategy in achieving this, even if you don't have much income. The DCA strategy helps you accumulated bitcoin little by little, but if you are consistent with it, you will be surprise on how much bitcoin you have accumulated. Like someone mentioned in one of the post I read, its not about bitcoin rising to the value of $200,000, but will you be a beneficiary if it rise to that value. The answer for those that are not accumulating will definitely be no, but if you keep accumulating using the DCA strategy, you will definitely benefit from the rise of bitcoin. which in my opinion might even be sooner than expected, so the best thing for any wise investor is to start accumulating bitcoin with your discretionary income and forget about the profit you will be making when it gets to a certain value.

Bitcoin is never guaranteed, so newbies will misunderstand this saying that only accumulating will make a profit. Therefore, as a conscious investor, it should be said that Bitcoin is highly volatile and the possibility of making a profit in the long term is high. Because whether the price will be $200k is not the real issue, the real issue is whether you are systematically accumulating, understanding the risk, within your capabilities, and whether you are in a position to survive in the long term. Because if you do not have an emergency fund, you may have to sell Bitcoin due to some sudden accident in the middle of the investment, which may result in immediate loss. But if you have a backup fund, you can avoid such losses and prolong the investment as planned.

[Joeboy]

If a person is able to manage his money properly, then he will be able to use his discretionary income properly. If he invests through the DCA method, it does not mean that he is using his discretionary income properly. For example, if he invests the entire amount of his discretionary income, then it is never the right move. Therefore, it is very important for a person to manage his money properly.

Discretionary income are those money left after you must have sortedd out your basic needs and responsibilities, they are money that you can afford to lose if by chance anything goes wrong....And so if folks channels this their discretionary income into Bitcoin(even if it is all) using the DCA strategy, then they are for a fact using their discretionary income properly.... Or do you want them be become wimpy in their investments by putting only small percentages, or to take the other alternative of putting their discretionary income into worthless shitcoin that has no long term value? If that's the case, then I don't agree...

[I_Anime]

There are many bitcoin traders who claim to be investors but their actions speak differently about who they really are. Sometimes having the patience to HODL your bitcoin for long is very important as buying it. This is because as a beginner any mistake can cause misconception of what bitcoin really is. So understand the relevance of the three investment strategies and the situations where they can be employed is very important.

Regular income earners should focus on DCA approach because it gives you the peace of mind you need to hold your bitcoin for a long period of 4 to 10 years without panic selling or selling off due to emergency situation because it allows you to plan well and also accumulate your emergency funds simultaneously. A good knowledge of the investment strategies is very good and one has to avoid investing by lump-sum when he has not got any additional discretionary income, this means that you don't need to rush into lump-sum without adequate financial management or going into buying the dip when you don't have additional discretionary income.

Some professional/profitable  traders (emphasizing on profitable and professional) can also be an investor in bitcoin . I’m not saying those that just try to play with the market wave (volatility) for shortterm profits , I’m talking of those that trade in a professional manner, especially those that are into currency pairs , and use the profits gotten from trading to accumulate bitcoin .

What a make a professional trader more successful is the ability to invest, like investing in bitcoin and other investment in form of diversification , I’m not turning this thread to trading thread but just to bring some clarity, that as a pro. Trader you can also be a holding (holding bitcoin ) and if you  have actually mastered the skill , is going to give your investment more advantage too, by increasing your sources .

[ejikeme24]

Emergency funds are necessary funds to build in order to handle unforseen emergency situations so as not to panicked during emergency situations which may affect your Bitcoin investment so it is good to set aside three to five months worth of emergency funds before starting because the amount needed to handle emergency situation cannot be determined.

I would agree with you to some extent, surely having emergency funds is very essential in our Bitcoin investment But it is not a good idea to prioritize building your emergency funds over building your discretionary income. As a beginner your main priority should be on how to build your discretionary income to start your accumulation journey maybe after you must have figured out your discretionary then you can start building your emergency funds gradually rather than waiting to put your Three months income in your emergency funds before looking into building your discretionary income, to me I think discretionary income is the first thing, take for instance a house that is empty you know there will be no need to employ a security man to protect it? That's just how it is when you choose to prioritize emergency funds over discretionary, it might be of no use unless you have investment running that's when I can say that it is serving for a purpose.

[JayJuanGee]

You seem to not be distinguishing between the three methods of accumulating bitcoin through buying which is DCA, lump sum and buying on dips. Each of them is different, even though generally for beginner investors it is probably better to get started with DCA, unless you have some extra funds (besides your regular income) available that you can invest or even front load into bitcoin.. then you can decide between the three methods of accumulating.

They are different strategies and require different conditions for practice but the universal condition for all investors is they must have good investment capital initially which decides their emotion, psychology, decision and investment results later.

The most common and biggest condition is only invest with own money that gives investors very solid foundation for their investment practice especially their exits. With own money, they will not have to sell their bitcoins when they don't have profit as they already managed their finance well before starting their investment and Bitcoin purchases.

Hopefully, you are not merely waiting for your bitcoin to "be in profits" in order to sell them.

There are a lot of guys who sold way too many bitcoin too soon and then proclaimed that they did the right thing merely because they were in profits.  Bitcoin is littered with guys who made those kinds of mistakes.

If any people as investors can manage financial and capital preparation well before starting, their investment practice and exit plans later will be more comfortable and it increases chance of getting profit.

Guys do not have to manange or prepare before starting to invest in bitcoin.

All they need to start investing in bitcoin is discretionary funds and common sense.  They can figure out the rest as they go.

The more you invest in Bitcoin for 4 years or beyond, more will be your return. That's why we must try to invest maximum in bitcoin because that will eventually be returned to us with huge profit. If someone can spare 100$ per month and that's he is maximum capacity then he must not hesitate in putting that in Bitcoin.  

With Bitcoin you aim must be high. Buying Bitcoin at $85,000 and selling few days after price touches $90,000 must not be the goal. If you have bought Bitcoin at $85,000 then your aim must be to sell some of your Bitcoins at $200,000 and that's possible only if you can hold your Bitcoins for 4 years.

Holding bitcoin for 4 years shows that we are serious about ours investment as it wouldn't seem like we gambling. In as much as bitcoin has the potential of reaching $200,000 in the future but it isn't certain that it would happen in 4 years time. It is could happen that the price of bitcoin might increase more than $200,00 yet it still falls on probability as we can't be certain since we don't have control over the price of bitcoin. Our focus shouldn't be the price of bitcoin but to make sure that we have constant flow discretionary income to invest consistently for the long term.

Hold for 4 years?  But when did you buy them?

There are not many guys who can buy all of their coins at once.

There are even a lot of guys who have not bought even close to enough coins even after 4 years of buying, yet if a guy had been buying bitcoin at various points in time over 4 years, he is going to have some older coins and some newer coins.. so then ONLY the older coins would meet the 4 year definition after 4 years of investing.  There will still be some coins in his holdings that are 3 years old, 2 years old, 1 year old and even coins less than a year, such as several month old.

Do you have any proposals regarding how to treat the various aged coins except perhaps waiting a whole additional 4 more years so that all of them that had been bought prior to that 4 year time are clearly and unambiguously older than 4 years.

[Popkon6]

The more you invest in Bitcoin for 4 years or beyond, more will be your return. That's why we must try to invest maximum in bitcoin because that will eventually be returned to us with huge profit. If someone can spare 100$ per month and that's he is maximum capacity then he must not hesitate in putting that in Bitcoin.  

With Bitcoin you aim must be high. Buying Bitcoin at $85,000 and selling few days after price touches $90,000 must not be the goal. If you have bought Bitcoin at $85,000 then your aim must be to sell some of your Bitcoins at $200,000 and that's possible only if you can hold your Bitcoins for 4 years.

Holding bitcoin for 4 years shows that we are serious about ours investment as it wouldn't seem like we gambling. In as much as bitcoin has the potential of reaching $200,000 in the future but it isn't certain that it would happen in 4 years time. It is could happen that the price of bitcoin might increase more than $200,00 yet it still falls on probability as we can't be certain since we don't have control over the price of bitcoin. Our focus shouldn't be the price of bitcoin but to make sure that we have constant flow discretionary income to invest consistently for the long term.

We will only deposit Bitcoin and follow the strategies on how to maintain it for a long time. The price of Bitcoin can go even higher, so if you do not deposit Bitcoin, you will not have any chance of making any profit. Therefore, every Bitcoin holder should focus on depositing Bitcoin, and how to maintain his Bitcoin investment for a long time, so he should pay more attention to emergency funds and discretionary income. The more your Bitcoin investment portfolio is, the more tightly you hold it and the longer you maintain your Bitcoin holding, the more likely you are to get good dividends.