Buy Buy Buy or Sell Sell Sell?

[Sarah_Jannat42]

The only risk management strategy needed while investing in Bitcoin is by  investing from your discretionary income, because in the worst possible scenario, your mental health will not be affected.
Aside that your duty is to just buy and hold, and  then put down measures that may aid your holding capacity, which is having an emergency and reserve funds in place, just in case of real life emergencies.

Maintaining peace of mind is very important for investing in Bitcoin and if we can invest our excess money regularly in a disciplined manner, it will not only give us inner peace but also it will become a big fund to keep in investment for a long time. In addition if we can keep some money aside for our emergencies, I strongly believe that it can be a solution to ensure peace of mind for us.

[Merit.s]

Yes, basically, you should stay away from procrastination while investing in Bitcoin. It will be difficult for those who do not have the mindset to invest in Bitcoin to invest. It is important to have sufficient knowledge before starting to invest in Bitcoin . Overthinking can change your investment plan and ruin your morale. Therefore, you should invest without overthinking. And it is very important to have discretionary income while investing in Bitcoin. I think most people think too much about profits while investing, which is not right. This will hinder your long-term holding in Bitcoin. When we start investing with discretionary income, it will definitely last for a long time. And investors can easily accumulate Bitcoin by using the DCA strategy.

You don't need sufficient knowledge to start investing into bitcoin, what you need is only your discretionary income and the basic knowledge of bitcoin because you are only to be buying regularly and hodli overtime. Whatever knowledge that you need can be acquired as you have started your bitcoin investment.

Bitcoin knowledge is very broad and waiting to get sufficient knowledge of it before investing is a waste of time because you learn more about investing in bitcoin by pratical and gain more experience as you are buying weekly. You will know the right amount of money that you will use from your discretionary income that wouldn't have any negative effect on your emotions. Theory cannot teach you how to control your emotions when the market dips neither will you make any mistakes and correct yourself.

[Bigjoe158]

The only risk management strategy needed while investing in Bitcoin is by  investing from your discretionary income, because in the worst possible scenario, your mental health will not be affected.
Aside that your duty is to just buy and hold, and  then put down measures that may aid your holding capacity, which is having an emergency and reserve funds in place, just in case of real life emergencies.

Maintaining peace of mind is very important for investing in Bitcoin and if we can invest our excess money regularly in a disciplined manner, it will not only give us inner peace but also it will become a big fund to keep in investment for a long time. In addition if we can keep some money aside for our emergencies, I strongly believe that it can be a solution to ensure peace of mind for us.

Investing wisely is very important. Don't invest all your hard earned money but partial investment is advisable. In the brewery companies you are advice to drink responsibly the same thing applies here. Risk management is adviceable here, don't fall for the good news that you can become billionaire in dollars if you have a lot of bitcoins. Buy the one you can buy and rest

[Ruttoshi]

I largely agree to everything you said here except the risk management strategy you spoke of.

All these are risk management in bitcoin investment.

1. Invest with the amount of money that you can afford to lose.

2. Have a long-term bitcoin investment goal and hodli for a long-term without selling as you are accumulating.

3. Set up various backup funds which are emergency funds, reserve funds and float funds to protect your bitcoin investment from premature sales.

4. Don't listen to what people are saying about bitcoin and the market just stay focus on accumulating in order for you to reach your bitcoin target because some people can discourage you.

5. Don't put all your hope on your bitcoin investment for the future because bitcoin investment isn't 100% guaranteed in future. You should also have other asset or business that is your primary source to tap from in future and let your bitcoin investment be secondary source.

[Jamestown70]

Stop contradicting things why not just say Bitcoin Instead of cryptocurrencirs like Bitcoin that is an absolute contradiction especially to newbie who don't know the difference.. using DCA is very nice but DCA doesn't mean investing with small amount of money alone because some people misinterpret this method, both rich and poor can use it, a big amount of money can also be used to DCA but it all depends on your discretionary.

cryptocurrency is the general name and that is why many people like to use a cryptocurrency instead of emphasizing on a particular coin being a bitcoin for now, and why there are making use of cryptocurrency instead of Bitcoin it is because crypto is the name by comprises all other coins so some people don't like to be specific in mentioning the type of the coin that maybe involves in for the moment, actually they contradicts things, but someone who have known the difference between bitcoin and cryptocurrencies will not be using such, because when making a reference you have to use a particular coin name

Bitcoin and crypto are clearly very different, in terms of quality, operating systems, and other aspects. Therefore, when discussing Bitcoin, we must refer to it clearly and avoid complicating matters. If our writing is read by beginners and the word "crypto" appears in it, it could be extremely harmful. We all know how dangerous crypto can be. As for DCA, it is basically a simple strategy, especially when applied to Bitcoin. Because if we invest in Bitcoin and use the DCA strategy, we only need to focus on the accumulation schedule (once a week, or once every two weeks, and so on) and the accumulation is done when we have discretionary funds. So, the point is that it's simple, and if beginners are just reading about what DCA is, they should already understand its meaning. So, the point is, don't think of DCA as a complicated strategy.

To be honest, the name for all coins are known as cryptocurrency and Bitcoin is one of it, but when it comes to doing more emphasis on them and/or trying to pick out the best of them, we tend to use the phrase “Bitcoin” with what you’ve said, I see you know some of the reasons why bitcoin is different from the other coins.
 
One of the major reason why differentiating this other coins from Bitcoin is important is that, most of these coins are being used to scam the communities indulging in it, for instance, most of them pump just to gain get more investors (aka traders) in it and dump all of a sudden, rug pull and other failed projects. However, Bitcoin is opposite to all these flaws from these various shitcoins.
It is necessary to know the difference between Bitcoin and the other coins so you don’t see every coin as thesame

[Umulala-alala]

The only risk management strategy needed while investing in Bitcoin is by  investing from your discretionary income, because in the worst possible scenario, your mental health will not be affected.
Aside that your duty is to just buy and hold, and  then put down measures that may aid your holding capacity, which is having an emergency and reserve funds in place, just in case of real life emergencies.

Maintaining peace of mind is very important for investing in Bitcoin and if we can invest our excess money regularly in a disciplined manner, it will not only give us inner peace but also it will become a big fund to keep in investment for a long time. In addition if we can keep some money aside for our emergencies, I strongly believe that it can be a solution to ensure peace of mind for us.

Investing wisely is very important. Don't invest all your hard earned money but partial investment is advisable. In the brewery companies you are advice to drink responsibly the same thing applies here. Risk management is adviceable here, don't fall for the good news that you can become billionaire in dollars if you have a lot of bitcoins. Buy the one you can buy and rest

Money that is allocated for bitcoin investment is our discretionary income this is money that remain after we have sort out every other important need and the rest of the money that is left can be use to buy BTC and i believe this is always of way of investing responsible in bitcoin since that will be lost isn't our most important money if the investment doesn't go as we have assumed, nothing is guaranteed in bitcoin investment.

[Gost ms]

The only risk management strategy needed while investing in Bitcoin is by  investing from your discretionary income, because in the worst possible scenario, your mental health will not be affected.
Aside that your duty is to just buy and hold, and  then put down measures that may aid your holding capacity, which is having an emergency and reserve funds in place, just in case of real life emergencies.

Maintaining peace of mind is very important for investing in Bitcoin and if we can invest our excess money regularly in a disciplined manner, it will not only give us inner peace but also it will become a big fund to keep in investment for a long time. In addition if we can keep some money aside for our emergencies, I strongly believe that it can be a solution to ensure peace of mind for us.

Investing your entire discretionary income is never a good idea. Investing in Bitcoin does not mean that you will be able to profit from the investment if you hold it for a long time. Invest with the amount of your discretionary income that you can afford to lose. For example, if you invest your entire discretionary income and the price of Bitcoin drops significantly, you will face a huge loss and will be under a lot of financial stress. But when you invest some of your discretionary income, if it goes down, your financial situation will not be as stressed.

So invest with an amount that you can afford to lose. Whenever you invest with emergency money or when you invest outside your risk tolerance for loss, you are gambling in the name of investing.

[UpTober]

I would suggest that DCA allows us to mitigate market volatility based on our abilities to adjust the weekly (or whatever period?) investment amount based on our cashflow situation.  We mitigate because we make sure that we do not invest too much or too little, and we can also adjust how much back up funds that we are keeping on hand (which relates to how much DCA we might elect to put into bitcoin each week), and so with the passage of time and our ongoingly monitoring the regular amounts that we are putting into bitcoin, we can get a sense in regards to if we are sufficiently balancing both our finances and our psychology... and make adjustments if we get the sense that we are falling out of balance within the scope of our own ongoing assessment of our individual factors.

Many people think that DCA means that he has to continuously invest a certain amount of money at the end of a certain period of time, but the way you have discussed this issue makes it clear that it will completely depend on the financial position of the investor. That is, let's assume that an investor's monthly income is $700 and he can invest $200 every month, but if he has more financial needs in the future but his salary remains unchanged, then if he temporarily reduces his continuous investment amount a little, it will not be a failure, but it will be the right decision to take after understanding the situation. Similarly, if the investor's income increases and expenses decrease, he can decide to continuously invest more money against $200.

I completely agree with what you said about the emergency fund, if I continue to invest the entire amount of money that I have left in Bitcoin and if I ever have a financial need, then my hands will be empty and due to being empty, I may have to think of something else to meet those needs later, so I should think about this in advance so that I do not have to sell the investment in the middle of investing.  
It is better to invest a relatively small amount of money continuously than to have to sell the investment in the middle. The right solution to avoid having to sell it suddenly is an emergency fund.

Mental pressure plays a big role in investment, if after investing, the investor sees this matter more seriously that the market is constantly fluctuating and sometimes he also loses money and sometimes he makes a profit, but he becomes more excited, as a result of which he will not be able to hold the investment for a long time. Therefore, since the investment plan is long-term, investors must not be so excited about this temporary fluctuation of the market or take mental pressure.

I think that monitoring your income and expenses, emergency fund, mental pressure, these things regularly is also a part of DCA investment and those who can do these well will be able to continue investing for a long time without selling the investment.

[Nightwatchmare]

I completely get you on this. Waiting to learn more before investing will benefit you because you will get more skills.Bitcoin investment does not require extensive research;

Your statement is confusing from the beginning you said waiting to learn more before investing will benefit you because you will get more skills, then are the end you said Bitcoin investment does not require extensive research, What skill are you even talking about? For your information Bitcoin investment does not require much skills or strategy or whatever you call it, as a beginner all you need is to figure out your discretionary income that's after you must have gotten the basic knowledge about Bitcoin investment, then the DCA strategy is there for you to start with instead of trying to figure out more skills or strategy before getting started

We don't need much skills or plenty of knowledge before we can get started buying BTC a basic knowledge and a discretionary income is just what that is needed to get started with your bitcoin investment and i think there is something too difficult to know before one can start buying bitcoin, we can learn or figure other things about bitcoin investment when you have already started buying BTC from there you can think of how to increase your cash flow so you can persistently and consistently by buying bitcoin from your discretionary income.

That's right, it's important to start. Sometimes, overthinking can delay investment, so overthinking before starting a investment discourages to invest in Bitcoin. By starting an investment in bitcoin with DCA knowledge can increase gradually as the investment for long timing. The most important thing is to start consistently. But of course, if you start investing with a reasonable income, the investment will last longer.

With the success Bitcoin has achieved since it came into existence, newbies will be happy to use reasonable discretionary income to start their Bitcoin investment so that they will accumulate plenty of Bitcoin in their disposal, but since it is not possible for everyone to start investing in Bitcoin with a reasonable discretionary income, people can start investing in Bitcoin with any amount of discretionary income in their disposal. The goal is to get started with any amount of discretionary income so that you will not delay your Bitcoin investment where you are waiting to start with reasonable discretionary income, but if your discretionary income gets better along your accumulation process, you can allocate more money for your Bitcoin investment.

[Derekfunds]

I completely get you on this. Waiting to learn more before investing will benefit you because you will get more skills.Bitcoin investment does not require extensive research;

Your statement is confusing from the beginning you said waiting to learn more before investing will benefit you because you will get more skills, then are the end you said Bitcoin investment does not require extensive research, What skill are you even talking about? For your information Bitcoin investment does not require much skills or strategy or whatever you call it, as a beginner all you need is to figure out your discretionary income that's after you must have gotten the basic knowledge about Bitcoin investment, then the DCA strategy is there for you to start with instead of trying to figure out more skills or strategy before getting started

We don't need much skills or plenty of knowledge before we can get started buying BTC a basic knowledge and a discretionary income is just what that is needed to get started with your bitcoin investment and i think there is something too difficult to know before one can start buying bitcoin, we can learn or figure other things about bitcoin investment when you have already started buying BTC from there you can think of how to increase your cash flow so you can persistently and consistently by buying bitcoin from your discretionary income.

That's right, it's important to start. Sometimes, overthinking can delay investment, so overthinking before starting a investment discourages to invest in Bitcoin. By starting an investment in bitcoin with DCA knowledge can increase gradually as the investment for long timing. The most important thing is to start consistently. But of course, if you start investing with a reasonable income, the investment will last longer.

With the success Bitcoin has achieved since it came into existence, newbies will be happy to use reasonable discretionary income to start their Bitcoin investment so that they will accumulate plenty of Bitcoin in their disposal, but since it is not possible for everyone to start investing in Bitcoin with a reasonable discretionary income, people can start investing in Bitcoin with any amount of discretionary income in their disposal. The goal is to get started with any amount of discretionary income so that you will not delay your Bitcoin investment where you are waiting to start with reasonable discretionary income, but if your discretionary income gets better along your accumulation process, you can allocate more money for your Bitcoin investment.

There is  no discretionary income that is not reasonable provided it is what you can afford to lose and it is your leftover because when you said reasonable discretionary it is now as if there are some discretionary that are not reasonable. You must know that sorting out a discrestionary is not always easy and not really common to everyone because it takes understanding and management skill to be able to sort out discretionary and how small someone's discretionary is doesn't make it unreasonable unless someone had a lot of discretionary and used some for something unnecessary.

[YUriy1991]

1. Invest with the amount of money that you can afford to lose.

2. Have a long-term bitcoin investment goal and hodli for a long-term without selling as you are accumulating.

3. Set up various backup funds which are emergency funds, reserve funds and float funds to protect your bitcoin investment from premature sales.

4. Don't listen to what people are saying about bitcoin and the market just stay focus on accumulating in order for you to reach your bitcoin target because some people can discourage you.

5. Don't put all your hope on your bitcoin investment for the future because bitcoin investment isn't 100% guaranteed in future. You should also have other asset or business that is your primary source to tap from in future and let your bitcoin investment be secondary source.

I completely agree with the second and fifth points of your quotes. Before deciding to invest in cryptocurrency, I believe we should define our investment goals. Determining an investment goal will make it easier to determine the strategy we will use when buying Bitcoin. This will be very useful in avoiding losses, and with a good strategy, we can easily multiply our assets. Similarly, the fifth point is very realistic considering the current volatile market conditions. Of course, it's not recommended to rely solely on Bitcoin to supplement our income. We should have a steady job or side hustle to support our finances. Only after earning a profit of 20 to 30% of our income. In my opinion investing 100% of our assets in Bitcoin is very risky. although with a little luck, we could suddenly become rich. However, to be cautious and protect our wealth, never invest 100% of your wealth in Bitcoin.

[ejikeme24]

we can easily multiply our assets. Similarly, the fifth point is very realistic considering the current volatile market conditions. Of course, it's not recommended to rely solely on Bitcoin to supplement our income. We should have a steady job or side hustle to support our finances. Only after earning a profit of 20 to 30% of our income. In my opinion investing 100% of our assets in Bitcoin is very risky. although with a little luck, we could suddenly become rich. However, to be cautious and protect our wealth, never invest 100% of your wealth in Bitcoin.

Before giving suggestions about multiplying of assets have you ask to know how far guys have gone in their accumulation journey, if they have reach their accumulation status or overaccumulation status? These are the things you need to consider before giving suggestions about multiplying assets, as a matter of fact you don't expect guys to be jumping from one investment to the other when they have not yet finish the one they started, guys is likely to blow their investment up if they go with this suggestion, I'm not disputing with you when you said that guys should multiply thier assets which can be seen as (diversification) but first, guys need to finish up with their Bitcoin investment before looking into other investment as alternative or backup, and if I May ask which other investment you know is unique as Bitcoin investment that you will recommend guys to go into? Even though surely guys will want to invest in other assets but their major focus should be on how to stack enough stash of bitcoin in their portfolios before engaging in other investment.

[Female King]

The only risk management strategy needed while investing in Bitcoin is by  investing from your discretionary income, because in the worst possible scenario, your mental health will not be affected.
Aside that your duty is to just buy and hold, and  then put down measures that may aid your holding capacity, which is having an emergency and reserve funds in place, just in case of real life emergencies.

Maintaining peace of mind is very important for investing in Bitcoin and if we can invest our excess money regularly in a disciplined manner, it will not only give us inner peace but also it will become a big fund to keep in investment for a long time. In addition if we can keep some money aside for our emergencies, I strongly believe that it can be a solution to ensure peace of mind for us.

Investing your entire discretionary income is never a good idea. Investing in Bitcoin does not mean that you will be able to profit from the investment if you hold it for a long time. Invest with the amount of your discretionary income that you can afford to lose. For example, if you invest your entire discretionary income and the price of Bitcoin drops significantly, you will face a huge loss and will be under a lot of financial stress. But when you invest some of your discretionary income, if it goes down, your financial situation will not be as stressed.

So invest with an amount that you can afford to lose. Whenever you invest with emergency money or when you invest outside your risk tolerance for loss, you are gambling in the name of investing.

You are getting everything complicated now as long as it is our discretionary income we can invest it all and still hodl on our bitcoin investment and still accumulate when you have a discretionary income there is nothing wrong if an investor want to invest all his discretionary income in bitcoin. Again it's only a trader who invest for a quick profit and start complaining or panicking when the price of bitcoin starts to drop in price, a long time bitcoin investor will not panic to sell after investing because of the price begins to drop because he is investing for a longer time, it's good to keep hodling and invest when you have a discretionary income there is nothing bad investing all your discretionary income as long as it's money that you can afford to loss.

[Solokan]

The only risk management strategy needed while investing in Bitcoin is by  investing from your discretionary income, because in the worst possible scenario, your mental health will not be affected.
Aside that your duty is to just buy and hold, and  then put down measures that may aid your holding capacity, which is having an emergency and reserve funds in place, just in case of real life emergencies.

That's right, using discretionary income to buy BTC is a good thing. Many people fail or lose money investing in BTC because they don't use their discretionary income, ultimately resulting in losses. If we invest in BTC using the strategy you mentioned, we certainly have the potential to succeed in long-term investing.

However, I also believe we must be patient and resilient. Many people fail to invest in BTC due to a lack of patience. The greatest temptation, in my opinion, is when BTC reaches a new ATH. Many people initially intend to invest long-term, for example, for 10 years or more, but ultimately only invest for one cycle because they sell their BTC at the current peak.

[Jamestown70]

we can easily multiply our assets. Similarly, the fifth point is very realistic considering the current volatile market conditions. Of course, it's not recommended to rely solely on Bitcoin to supplement our income. We should have a steady job or side hustle to support our finances. Only after earning a profit of 20 to 30% of our income. In my opinion investing 100% of our assets in Bitcoin is very risky. although with a little luck, we could suddenly become rich. However, to be cautious and protect our wealth, never invest 100% of your wealth in Bitcoin.

Before giving suggestions about multiplying of assets have you ask to know how far guys have gone in their accumulation journey, if they have reach their accumulation status or overaccumulation status? These are the things you need to consider before giving suggestions about multiplying assets, as a matter of fact you don't expect guys to be jumping from one investment to the other when they have not yet finish the one they started, guys is likely to blow their investment up if they go with this suggestion, I'm not disputing with you when you said that guys should multiply thier assets which can be seen as (diversification) but first, guys need to finish up with their Bitcoin investment before looking into other investment as alternative or backup, and if I May ask which other investment you know is unique as Bitcoin investment that you will recommend guys to go into? Even though surely guys will want to invest in other assets but their major focus should be on how to stack enough stash of bitcoin in their portfolios before engaging in other investment.

Ejikeme24, it seems to me that you don’t understand YUri1991, with what you’ve said, are you insinuating an investor should wait until he has reached his Bitcoin accumulation goal before he should look into other form of investment?. If you say one should not jump into other cryptocurrencies investment and focus on their Bitcoin investment that’s a good suggestion, because every other coin out there cannot withstand the test of time as Bitcoin. If I understood correctly, you’re saying one should not look into any other form of investment until they’ve round up with their Bitcoin investment? To be honest, your perspective is naive. It seems you’re the kind of investor that’ll put all your eggs in one basket, Bitcoin still have a lot of future surprise for us, though many investors know of it potential that’s the reason they started Bitcoin accumulation in the first place, but if you’re saying an investor need to focus on reaching his investment goal before looking into other source of investment it’s not a good idea.

For instance, an investor has reviewed his Bitcoin accumulation over the years and he is not meeting up his goal  he has set because his weekly or monthly discretionary fund is not enough to accumulate beyond the rate he is accumulating on a weekly or monthly basis, and he decide to look for other source of income so that he can he can accumulate more, isn’t that a good suggestion?.

[JayJuanGee]

Sure past performance does not guarantee future results, so we have to figure out the extent to which we consider consistently and persistently putting value into bitcoin is going to give us greater options in the future as compared to if we had not and/or as compared to if we are fucking around trying to strategize when to buy and when not to, and even worse if we are fucking around selling and ending up being "out" when we should have had been "in."

If it can't be used as a guarantee for the future our past actions will certainly be a good lesson. With discussions like this we will certainly be more careful in our actions remembering that no matter how much we do there must be an attitude that our actions are not 100% guaranteed for our future. Therefore every action must be considered carefully because the results are often questionable. However with what has been revealed here I think others will be more careful in strategizing when the right time to act.

You might be over thinking that matter, since the best time to buy bitcoin was yesterday and the next best time to buy bitcoin is today.  

We cannot turn back the clock, but we can act from today while attempting to use information of past price performance to attempt to understand aspects of bitcoin that are not just related to it's historical price dynamics yet maybe considering various aspects of bitcoin's adoption and/or network effects (as categorized and outlined by Trace Mayer) that go along with its adoption.

Initially, I was flabbergasted when JJG said that "the best time to buy Bitcoin was yesterday" because I had always believed the best time is now. Only for me to read along then the flow of joy that "the next best time to buy Bitcoin is today" which is nothing but the same thing as now, since you can't control the past but can be able to handle what the past is throwing at the present(now/today).. you didn't invest yesterday that was the best time of then, now you have another best time which is today.

Hahaha

I did not come up with that expression, since it has been a quite common expression within investment circles, and it emphasizes at least: 1) getting started, 2) not being able to go back in time and 3) time in the market is better than trying to time the market.

I would suggest that DCA allows us to mitigate market volatility based on our abilities to adjust the weekly (or whatever period?) investment amount based on our cashflow situation.  We mitigate because we make sure that we do not invest too much or too little, and we can also adjust how much back up funds that we are keeping on hand (which relates to how much DCA we might elect to put into bitcoin each week), and so with the passage of time and our ongoingly monitoring the regular amounts that we are putting into bitcoin, we can get a sense in regards to if we are sufficiently balancing both our finances and our psychology... and make adjustments if we get the sense that we are falling out of balance within the scope of our own ongoing assessment of our individual factors.

Many people think that DCA means that he has to continuously invest a certain amount of money at the end of a certain period of time, but the way you have discussed this issue makes it clear that it will completely depend on the financial position of the investor. That is, let's assume that an investor's monthly income is $700 and he can invest $200 every month, but if he has more financial needs in the future but his salary remains unchanged, then if he temporarily reduces his continuous investment amount a little, it will not be a failure, but it will be the right decision to take after understanding the situation. Similarly, if the investor's income increases and expenses decrease, he can decide to continuously invest more money against $200.

I completely agree with what you said about the emergency fund, if I continue to invest the entire amount of money that I have left in Bitcoin and if I ever have a financial need, then my hands will be empty and due to being empty, I may have to think of something else to meet those needs later, so I should think about this in advance so that I do not have to sell the investment in the middle of investing.  
It is better to invest a relatively small amount of money continuously than to have to sell the investment in the middle. The right solution to avoid having to sell it suddenly is an emergency fund.

Mental pressure plays a big role in investment, if after investing, the investor sees this matter more seriously that the market is constantly fluctuating and sometimes he also loses money and sometimes he makes a profit, but he becomes more excited, as a result of which he will not be able to hold the investment for a long time. Therefore, since the investment plan is long-term, investors must not be so excited about this temporary fluctuation of the market or take mental pressure.

I think that monitoring your income and expenses, emergency fund, mental pressure, these things regularly is also a part of DCA investment and those who can do these well will be able to continue investing for a long time without selling the investment.

You are largely correct in your response, and in regards to your last paragraph, I would suggest that how you invest in bitcoin, whether DCA or if you also might use lump sum and/or buying dips to supplement, you are likely put into a better situation if you are building and maintaining strong cashflow management - that ends up making sure that you have a cash cushion that you are able to tap into prior to needing to touch your bitcoin investment.  As the years go on, the presumptively your bitcoin stash will grow and you may well tend to have growing amounts of back up funds too, and if you might make some mistakes along the way, you are learning from your mistakes so that they do not negatively affect you in ways that are not recoverable, since when you get 10-15 years or longer down the road, you are happy with your progress since surely there is no way to turn back the clock to be able to do it over again.

Even if guys might not reach fuck you status (which is a status that they can quit their job early (prior to official retirement) and live off of the income from their bitcoin), they still may well be able to use their bitcoin to supplement whatever income sources that they might have.. .. so hopefully investing in bitcoin ended up putting the person in a better position and with more financial options based on investing into bitcoin as compared with if he had not invested in bitcoin..

I completely get you on this. Waiting to learn more before investing will benefit you because you will get more skills.Bitcoin investment does not require extensive research;

Your statement is confusing from the beginning you said waiting to learn more before investing will benefit you because you will get more skills, then are the end you said Bitcoin investment does not require extensive research, What skill are you even talking about? For your information Bitcoin investment does not require much skills or strategy or whatever you call it, as a beginner all you need is to figure out your discretionary income that's after you must have gotten the basic knowledge about Bitcoin investment, then the DCA strategy is there for you to start with instead of trying to figure out more skills or strategy before getting started

We don't need much skills or plenty of knowledge before we can get started buying BTC a basic knowledge and a discretionary income is just what that is needed to get started with your bitcoin investment and i think there is something too difficult to know before one can start buying bitcoin, we can learn or figure other things about bitcoin investment when you have already started buying BTC from there you can think of how to increase your cash flow so you can persistently and consistently by buying bitcoin from your discretionary income.

That's right, it's important to start. Sometimes, overthinking can delay investment, so overthinking before starting a investment discourages to invest in Bitcoin. By starting an investment in bitcoin with DCA knowledge can increase gradually as the investment for long timing. The most important thing is to start consistently. But of course, if you start investing with a reasonable income, the investment will last longer.

With the success Bitcoin has achieved since it came into existence, newbies will be happy to use reasonable discretionary income to start their Bitcoin investment so that they will accumulate plenty of Bitcoin in their disposal, but since it is not possible for everyone to start investing in Bitcoin with a reasonable discretionary income, people can start investing in Bitcoin with any amount of discretionary income in their disposal. The goal is to get started with any amount of discretionary income so that you will not delay your Bitcoin investment where you are waiting to start with reasonable discretionary income, but if your discretionary income gets better along your accumulation process, you can allocate more money for your Bitcoin investment.

There is  no discretionary income that is not reasonable provided it is what you can afford to lose and it is your leftover because when you said reasonable discretionary it is now as if there are some discretionary that are not reasonable. You must know that sorting out a discrestionary is not always easy and not really common to everyone because it takes understanding and management skill to be able to sort out discretionary and how small someone's discretionary is doesn't make it unreasonable unless someone had a lot of discretionary and used some for something unnecessary.

The thing about discretionary income is that guys can do whatever the fuck they want with it, whether it is reasonable (or unnecessary) or not, and discretionary income can be used to invest, save and/or for discretionary consumption.

Of course, sometimes there can be concerns about whether the discretionary income is enough to invest in bitcoin so surely the amounts necessary is also related to how much priority that a person might put in one category versus another and perhaps how organized they are in their own spending.

We frequently discuss that to get started investing in bitcoin there is ONLY a need for discretionary funds, and the amount does not need to be a lot, yet surely we also know that if a person is investing in bitcoin for 4-10 years or longer then the person has to want to invest in bitcoin and to put bitcoin as a priority - which through a 4-10 years or longer period, their opinions about bitcoin (and prioritization of bitcoin) may well change, and surely those are in the scope of each person to figure out how much priority to give to bitcoin investing (if any?) and to stay consistent in terms of making sure to prioritiza bitcoin investing within the scope of their discretionary funds.

[Gallar]

The only risk management strategy needed while investing in Bitcoin is by  investing from your discretionary income, because in the worst possible scenario, your mental health will not be affected.
Aside that your duty is to just buy and hold, and  then put down measures that may aid your holding capacity, which is having an emergency and reserve funds in place, just in case of real life emergencies.

That's right, using discretionary income to buy BTC is a good thing. Many people fail or lose money investing in BTC because they don't use their discretionary income, ultimately resulting in losses. If we invest in BTC using the strategy you mentioned, we certainly have the potential to succeed in long-term investing.

However, I also believe we must be patient and resilient. Many people fail to invest in BTC due to a lack of patience. The greatest temptation, in my opinion, is when BTC reaches a new ATH. Many people initially intend to invest long-term, for example, for 10 years or more, but ultimately only invest for one cycle because they sell their BTC at the current peak.

Investing in Bitcoin using discretionary funds is clearly a very effective risk management strategy. Capital is the foundation of any investment. When capital is sound and not volatile, we'll be more relaxed about holding Bitcoin. Whether Bitcoin rises or falls, we won't worry, and even if the worst-case scenario arises, we'll still be fine. Therefore,, investing in Bitcoin using discretionary funds is crucial.

Most people may be unaware of this, and investing any money in Bitcoin often ends up underperforming. Therefore,, we shouldn't be afraid of losing hope when investing in Bitcoin. If we're still afraid of losing hope, we'll panic when the price of Bitcoin drops, and when it rises, we'll be afraid of missing out. Therefore,, we must manage our Bitcoin investment strategy correctly.

[PhilosopherKing]

The only risk management strategy needed while investing in Bitcoin is by  investing from your discretionary income, because in the worst possible scenario, your mental health will not be affected.
Aside that your duty is to just buy and hold, and  then put down measures that may aid your holding capacity, which is having an emergency and reserve funds in place, just in case of real life emergencies.

Maintaining peace of mind is very important for investing in Bitcoin and if we can invest our excess money regularly in a disciplined manner, it will not only give us inner peace but also it will become a big fund to keep in investment for a long time. In addition if we can keep some money aside for our emergencies, I strongly believe that it can be a solution to ensure peace of mind for us.

Investing your entire discretionary income is never a good idea. Investing in Bitcoin does not mean that you will be able to profit from the investment if you hold it for a long time. Invest with the amount of your discretionary income that you can afford to lose. For example, if you invest your entire discretionary income and the price of Bitcoin drops significantly, you will face a huge loss and will be under a lot of financial stress. But when you invest some of your discretionary income, if it goes down, your financial situation will not be as stressed.

So invest with an amount that you can afford to lose. Whenever you invest with emergency money or when you invest outside your risk tolerance for loss, you are gambling in the name of investing.

You are getting everything complicated now as long as it is our discretionary income we can invest it all and still hodl on our bitcoin investment and still accumulate when you have a discretionary income there is nothing wrong if an investor want to invest all his discretionary income in bitcoin. Again it's only a trader who invest for a quick profit and start complaining or panicking when the price of bitcoin starts to drop in price, a long time bitcoin investor will not panic to sell after investing because of the price begins to drop because he is investing for a longer time, it's good to keep hodling and invest when you have a discretionary income there is nothing bad investing all your discretionary income as long as it's money that you can afford to loss.

You are the one complicating something that is as simple as this. You having discretionary income is not the exact same as you having that exact amount of discretionary you could afford to loose.

You can have a $550 as discretionary income and despite that can't afford to loose the whole because you newly began bitcoin and you are yet unable to recognize its long term worth.

[Bitcoin_people]

The only risk management strategy needed while investing in Bitcoin is by  investing from your discretionary income, because in the worst possible scenario, your mental health will not be affected.
Aside that your duty is to just buy and hold, and  then put down measures that may aid your holding capacity, which is having an emergency and reserve funds in place, just in case of real life emergencies.

Maintaining peace of mind is very important for investing in Bitcoin and if we can invest our excess money regularly in a disciplined manner, it will not only give us inner peace but also it will become a big fund to keep in investment for a long time. In addition if we can keep some money aside for our emergencies, I strongly believe that it can be a solution to ensure peace of mind for us.

Of course, if we want to maintain peace of mind and discipline in our Bitcoin investment, we must first control ourselves. If we only invest the money that will not cause problems in our daily lives even if we lose it, then the volatility of the market will not be able to break us mentally. To invest regularly and systematically, we must use the DCA strategy that will avoid us from losses and reduce risks. Moreover, it is very important for us to have an emergency fund in our investments. When the market goes down, it is very useful and we can buy at the right time. Buying from the depths of the market is not risky. We must always control our own risk for risk structure and peace of mind that will lead us forward according to a good plan, along with that, we must control our emotions and have sufficient patience while investing.

[JayJuanGee]

we can easily multiply our assets. Similarly, the fifth point is very realistic considering the current volatile market conditions. Of course, it's not recommended to rely solely on Bitcoin to supplement our income. We should have a steady job or side hustle to support our finances. Only after earning a profit of 20 to 30% of our income. In my opinion investing 100% of our assets in Bitcoin is very risky. although with a little luck, we could suddenly become rich. However, to be cautious and protect our wealth, never invest 100% of your wealth in Bitcoin.

Before giving suggestions about multiplying of assets have you ask to know how far guys have gone in their accumulation journey, if they have reach their accumulation status or overaccumulation status? These are the things you need to consider before giving suggestions about multiplying assets, as a matter of fact you don't expect guys to be jumping from one investment to the other when they have not yet finish the one they started, guys is likely to blow their investment up if they go with this suggestion, I'm not disputing with you when you said that guys should multiply thier assets which can be seen as (diversification) but first, guys need to finish up with their Bitcoin investment before looking into other investment as alternative or backup, and if I May ask which other investment you know is unique as Bitcoin investment that you will recommend guys to go into? Even though surely guys will want to invest in other assets but their major focus should be on how to stack enough stash of bitcoin in their portfolios before engaging in other investment.

A guy does not need to reach over accumulation status before he starts to consider that diversification might be acceptable for him.

Let's say that a guy in was in his early 30s in the beginning of 2017 and his income was $30k, so he started investing at $100 per week, and he thought that when he is able to withdraw $80k per year from his bitcoin, then he is going to quit his job.  He was hoping to reach his goal by 2030, and he will be 45 years old at that time.  So up until now, he invested about $48k into bitcoin, his bitcoin stash is about 5.43 bitcoin.

He sees that right now 5.43 bitcoin would ONLY give him about $31.65k per year income, so he thinks that he has enough bitcoin, and so he was thinking about either stopping his bitcoin investment or only buying on dips and then to use his money in other ways... and then see where his 5.43 bitcoin will be in 2030.. .. yet he thinks that he largely has enough, even though he is not quite ready to start withdrawing from it...