Buy Buy Buy or Sell Sell Sell?

[ruykeri]

I totally agree with you on the point of starting small. The plan should be to make it habitual, so it becomes part of one financial routine. And by using DCA it help to smooth out price valotility.
It is also important that one try as much as possible to trim his expenses in order to save money it could cooking at home rather than eating out. This can help to save money to be use in purchasing more bitcoin or one can equally add it to his emergency fund. In for one to successfully accumulate and hold bitcoin for the long term it requires discipline  and patience, because investing isn't in quick gain but in long term growth.

It is more important to think about increasing income rather than reducing expenses. Because as time passes, your responsibilities will increase and your expenses will increase. You will not be able to reduce the necessary expenses. And apart from going out to eat, there are many types of pleasant activities where even if you spend money, it gives you mental peace. A person needs everything. There some expenses by fulfilling your family needs, doing your own entertainment, engaging yourself in social activities, after all these expenses, if you have extra money, then you can start investing in Bitcoin with that discretionary income. And if discretionary income is not generated, then focus on increasing income sources.

[Futurexxx]

It is more important to think about increasing income rather than reducing expenses. Because as time passes, your responsibilities will increase and your expenses will increase. You will not be able to reduce the necessary expenses. And apart from going out to eat, there are many types of pleasant activities where even if you spend money, it gives you mental peace. A person needs everything. There some expenses by fulfilling your family needs, doing your own entertainment, engaging yourself in social activities, after all these expenses, if you have extra money, then you can start investing in Bitcoin with that discretionary income. And if discretionary income is not generated, then focus on increasing income sources.

Yea, I agree with everything you said here because we don't need to live like a peasant, just because we are investing in Bitcoin.
It's when your body and soul are in the right state, you can be able to think and  act properly.
Social activities are part of life and it's very difficult to stay healthy or happily without it, so working on ways to improve your finances is a lot better, so that their will be discretionary income left after all basic needs and necessity has been met, than trying to curtailed your basic expenses that will be unsustainable on the longer run, comparing to improving your financial state.

[Emjay24]

There's no reason not to apply inflation here, since the discussion is about Bitcoin investments, and one reason we see the creation of BTC is the government's 10% inflation policy. Bitcoin is being seen as a hedge against fiat currency inflation, which is the reason most investors see it as the next option.
We cannot talk about BTC's importance and remove inflation. Why should we remove inflation when we're talking about investment in BTC?
Having discretionary income will help cement the long term investment in BTC, and that's why I said having a steady income is not enough.

One reason Bitcoin was created is to be free from their party influence and control over our money, to remove trust in centralized institutions and have total ownership of your funds and the fact that it's limited in supply, it triggers scarcity which makes it a store of value as against Fiat which is unlimited in supply and is subject to governmental control and unhealthy inflation.

Having discretionary income doesn't guarantee your long-term investment, its only used to ensure the investor isn't buying Bitcoin with funds meant for his expenses. Long-term holding is a decision made by the investor to continuously buy and hold Bitcoin without seeking for a period of 4-10 years or more depending on choice, age and health condition. Bitcoin is an intentional investment and you must make intentional accurate decisions to go long-term in it to have a successful investment in Bitcoin.

[Sarah_Jannat42]

Proper financial management is very important in every person's life. The better a person can manage and control his money, the more stable he is and the more he can save or invest for the future. These things must be kept in mind, then long-term investments, "which seem very difficult to us" but with proper financial management they are very easy. For this reason, to achieve long-term success, a disciplined and patient strategy has to be applied, many decide to invest excessively or aggressively in any place in the hope of quick profits, but these will only give nothing but negative results. We have to have long-term plans, keep financial management correct, keep an emergency fund ready for long-term security, if these things are maintained well, it is very possible to be successful.

I think those who understand the market and become aggressive during a bear market may be able to make profits. But those who invest aggressively without understanding the market have a very low chance of making profits. To succeed we need consistency, which allows us to invest around our average buying price while also helping our portfolio grow. For this reason investing in Bitcoin using the DCA (Dollar-Cost Averaging) method is important. In addition to keep investments safe and maintain consistency, it is essential to ensure an emergency fund which can greatly increase our chances of success.

[Kuchuku]

As long as your income is enough to pay for your bills with some left overs then you will definitely be able to generate discretionary income from it because of that's exactly what those left overs are , having discretionary income problems come up when your income is not enough to generate discretionary and the best thing to do in a situation like this is usually to build on your current source of income which could involve cutting down on some expenses or you could push for a alternative source of income, there is nothing wrong with earning from more than one place after all, your bitcoin investment can only push forward if you can generate the necessary discretionary income to push it forward with.

Basically, increasing your income source is important to create a prudent income and this can be a good option. Many people actually spend more than necessary on unnecessary things. So you need to reduce your current expenses and create a prudent income. After meeting your family's needs, you can invest in Bitcoin with the remaining money. And to invest in Bitcoin, you need to increase your income source. You do not need a huge income when investing in Bitcoin, you can start investing with a small income and according to your ability. If your income is low, you can create a discretionary fund and an emergency fund.

[Derekfunds]

Proper financial management is very important in every person's life. The better a person can manage and control his money, the more stable he is and the more he can save or invest for the future. These things must be kept in mind, then long-term investments, "which seem very difficult to us" but with proper financial management they are very easy. For this reason, to achieve long-term success, a disciplined and patient strategy has to be applied, many decide to invest excessively or aggressively in any place in the hope of quick profits, but these will only give nothing but negative results. We have to have long-term plans, keep financial management correct, keep an emergency fund ready for long-term security, if these things are maintained well, it is very possible to be successful.

I think those who understand the market and become aggressive during a bear market may be able to make profits. But those who invest aggressively without understanding the market have a very low chance of making profits. To succeed we need consistency, which allows us to invest around our average buying price while also helping our portfolio grow. For this reason investing in Bitcoin using the DCA (Dollar-Cost Averaging) method is important. In addition to keep investments safe and maintain consistency, it is essential to ensure an emergency fund which can greatly increase our chances of success.

Not only folks that invest aggressively during the Dip will be profitable even though you didn't invest aggressively during the Dip but you are consistent In your accumulation and you are also following the principles and holding for long term, you will definitely be profitable so don't make it sound like it's only when we are aggressive during the Dip we will be profitable in our Bitcoin investment. DCA method is good as much as any other method but it's somehow perculiar.

[Cgrexp]

Not only folks that invest aggressively during the Dip will be profitable even though you didn't invest aggressively during the Dip but you are consistent In your accumulation and you are also following the principles and holding for long term, you will definitely be profitable so don't make it sound like it's only when we are aggressive during the Dip we will be profitable in our Bitcoin investment. DCA method is good as much as any other method but it's somehow perculiar.

Buying dips can certainly complement other strategies, but buying dips should not be considered the main strategy, especially in the early stages of getting involved in Bitcoin. It is better to buy regularly without looking at the price in the early stages, and if there is a weekly buying schedule, then naturally there will be some dips. Waiting is not a good strategy, especially for those who are at the beginning of their savings or who think they need more Bitcoin. Buying continuously and frequently is a better strategy than waiting. However, if someone wants to adopt waiting as their strategy, that is their own decision. Each of us is responsible for our own Bitcoin holdings and how we build them, whether we are comfortable or aggressive.

[virasog]

It is more important to think about increasing income rather than reducing expenses. Because as time passes, your responsibilities will increase and your expenses will increase. You will not be able to reduce the necessary expenses. And apart from going out to eat, there are many types of pleasant activities where even if you spend money, it gives you mental peace. A person needs everything. There some expenses by fulfilling your family needs, doing your own entertainment, engaging yourself in social activities, after all these expenses, if you have extra money, then you can start investing in Bitcoin with that discretionary income. And if discretionary income is not generated, then focus on increasing income sources.

Yea, I agree with everything you said here because we don't need to live like a peasant, just because we are investing in Bitcoin.
It's when your body and soul are in the right state, you can be able to think and  act properly.
Social activities are part of life and it's very difficult to stay healthy or happily without it, so working on ways to improve your finances is a lot better, so that their will be discretionary income left after all basic needs and necessity has been met, than trying to curtailed your basic expenses that will be unsustainable on the longer run, comparing to improving your financial state.

One think to be sure while investing in Bitcoin we need to be confident that we are investing in something that is valuable and that will be valuable in coming years. Most people who are buying bitcoins they get information that it is a quick rich scheme and therefore if the prices of Bitcoin dump they becomes so much panic that they sell in the loss. They have no confidence that if they can hold and survive the bad times, they will get the returns they could have dreamt of.

If you can just see the examples around you, you will understand that people who made most of the money from Bitcoin, it is from those who are the long term investors. Short term investor usually lose money or make very minimal profits depending upon the market conditions.

[barisbilgili]

Not only folks that invest aggressively during the Dip will be profitable even though you didn't invest aggressively during the Dip but you are consistent In your accumulation and you are also following the principles and holding for long term, you will definitely be profitable so don't make it sound like it's only when we are aggressive during the Dip we will be profitable in our Bitcoin investment. DCA method is good as much as any other method but it's somehow perculiar.

Buying dips can certainly complement other strategies, but buying dips should not be considered the main strategy, especially in the early stages of getting involved in Bitcoin. It is better to buy regularly without looking at the price in the early stages, and if there is a weekly buying schedule, then naturally there will be some dips. Waiting is not a good strategy, especially for those who are at the beginning of their savings or who think they need more Bitcoin. Buying continuously and frequently is a better strategy than waiting. However, if someone wants to adopt waiting as their strategy, that is their own decision. Each of us is responsible for our own Bitcoin holdings and how we build them, whether we are comfortable or aggressive.

Actually, that is a good strategy to accumulate Bitcoin, but it all depends on the money one has because in my opinion, if someone can use money that has indeed been allocated for investment and is not disturbed by other things, then there is nothing wrong with accumulating Bitcoin aggressively when the price of Bitcoin drops; in fact, I think it could be very profitable in both the short term and the long term.

[ChocolateBitcoinK]

Proper financial management is very important in every person's life. The better a person can manage and control his money, the more stable he is and the more he can save or invest for the future. These things must be kept in mind, then long-term investments, "which seem very difficult to us" but with proper financial management they are very easy. For this reason, to achieve long-term success, a disciplined and patient strategy has to be applied, many decide to invest excessively or aggressively in any place in the hope of quick profits, but these will only give nothing but negative results. We have to have long-term plans, keep financial management correct, keep an emergency fund ready for long-term security, if these things are maintained well, it is very possible to be successful.

I think those who understand the market and become aggressive during a bear market may be able to make profits. But those who invest aggressively without understanding the market have a very low chance of making profits. To succeed we need consistency, which allows us to invest around our average buying price while also helping our portfolio grow. For this reason investing in Bitcoin using the DCA (Dollar-Cost Averaging) method is important. In addition to keep investments safe and maintain consistency, it is essential to ensure an emergency fund which can greatly increase our chances of success.

Not only folks that invest aggressively during the Dip will be profitable even though you didn't invest aggressively during the Dip but you are consistent In your accumulation and you are also following the principles and holding for long term, you will definitely be profitable so don't make it sound like it's only when we are aggressive during the Dip we will be profitable in our Bitcoin investment. DCA method is good as much as any other method but it's somehow perculiar.

It is also much better to hold on consistently if we can't afford to do this kind of aggressive investment, we should definitely buy as much as possible during the dip, this is certainly right, because the lower we can keep the purchase price, the better our success will be later. But this is certainly not mandatory, only those who have additional financial advantages can do this, otherwise those who are consistent in all situations, they will never be deprived of good results. So our first responsibility is to be consistent, then if we have the financial capacity then it is better to invest aggressively during the dip, but even if we cannot do it due to capacity, it is not a problem, we will continue to invest consistently in general according to our capacity, that is enough.

[alankasman]

Actually, that is a good strategy to accumulate Bitcoin, but it all depends on the money one has because in my opinion, if someone can use money that has indeed been allocated for investment and is not disturbed by other things, then there is nothing wrong with accumulating Bitcoin aggressively when the price of Bitcoin drops; in fact, I think it could be very profitable in both the short term and the long term.

Of course I also think this is a fairly ideal step for someone to take so that when accumulating Bitcoin there will be no more problems. This is because the method of sorting out the accumulation of one's finances is quite good. However another thing that needs to be done once the method is on the ideal path is how one uses one's funds to allocate them to investments so that mistakes will not become a risk for someone accumulating Bitcoin too aggressively.

[The Founding Titan]

Considering investments, such as Bitcoin, is something to do only after your financial situation is stable.

As long as you have discretionary income and can improve your financial situation while ongoingly investing then fuck the idea that you must wait for financial stability before starting.

You lot keep forgetting that discretionary income can come from many places it dosen't have to be from stable income.

It can came from lowering useless expenses that people blow money on. it can come as gift your family member and people around you and rather than you blowing up that cash on worthless things you can you it to started small to ongoingly invest while also figuring how stabilize and improve your financial life.

Alot of people will be saying that in order to invest in bitcoin they need a stable source of income and alot of knowledge about bitcoin when in reality all they really need to invest in bitcoin is their discretionary income, bitcoin investment is only difficult to someone who hasn't started investing, once a person starts they realize that it's not as restrictive as they thought it was, it's quite flexible especially for those investing with the DCA.

[Jamestown70]

Basically, increasing your income source is important to create a prudent income and this can be a good option. Many people actually spend more than necessary on unnecessary things. So you need to reduce your current expenses and create a prudent income. After meeting your family's needs, you can invest in Bitcoin with the remaining money. And to invest in Bitcoin, you need to increase your income source. You do not need a huge income when investing in Bitcoin, you can start investing with a small income and according to your ability. If your income is low, you can create a discretionary fund and an emergency fund.

Additionally, one have to look for a moderate source of income while accumulating bitcoin, if your present source of income is not tangible and/or doesn’t provide enough discretionary funds, then upping your income flow is the only alternative.

One cannot persuade someone who doesn’t have a good cash flow or discretionary fund to invest in Bitcoin, it'll only result to a time bomb waiting to be altered, sooner or later he is going to liquidate that funds to meet us his needs. But an investor that is able to sort out his discretionary fund after meeting his basic needs can utilize the DCA method with consistency and a long term plan. Despite how unpredictable Bitcoin is there’s high tendency that investor is betting on asymmetric bet to the upside.

[B2Z]

In a situation where one with the intention of buying Bitcoin and holding for the long term bought Bitcoin and after sometime the price drops and keeps devaluing for a long time.

As an investor what will be your response to this, your opinions will be highly appreciated,

to answer your question, firstly you have to understand that price fluctuations are what is associated with bitcoin as its very volatile so when we see such price drop we dont have to panic but rather we should seize that opportunity and take advantage of such moment and accumulate more bitcoin and hodl to build our portfolio to our level of accumulation target or over accumulation. traders who are only in for short and fast profit making mindset are the ones who should be worrying about this situation and not a true bitcoin investor whose purpose is focus on the long term goal of investment.

By acquiring the DCA method, a Bitcoin investor can make his Bitcoin investment more long-term, so if he has to face danger with his Bitcoin investment, then it is certainly important for him to at least preserve his Bitcoin investment in the long term by creating an emergency fund. If he follows the Bitcoin DCA method with a small amount of money according to his ability and maintains the continuity of purchases, then he will definitely be the best strategy for success.

Yes, I agree with you on this and I believe that the DCA investment strategy is very effective in terms of investment, and using the DCA investment strategy makes investment in Bitcoin more long-term and sustainable, but one important thing that many investors make a mistake about is financial stability. An investor has to be careful in all aspects, such as the investor's financial situation is good now and after deducting all expenses at the end of the month, he has a good amount of money left, but the investor has to think about the future, that is, even if the situation is good now, their financial situation may be bad in the future, such as sudden medical expenses or other financial needs, and considering this, if an emergency fund can be kept in advance, it will provide security for the investment to grow.

I think you will agree with me that we should plan our investment in such a way that we do not have to sell our investment in the middle of the investment. Another important thing that applies to investment is that DCA investment does not actually require a large amount of money, but it is possible to successfully invest in DCA with a small amount of money.  

Investors should invest in a way that does not feel pressured to invest consistently. Investors do not need to invest a fixed amount every month, but can use whatever amount they have left over to invest.

I think a combination of building an emergency fund, using the extra money for investment, and holding on to it regularly and for a long time creates a strong investment strategy.

[JayJuanGee]

What you're saying is clearly on the right track. Anyone who wants to be a long-term investor holding Bitcoin must have a steady source of income that can be used to regularly purchase Bitcoin whenever they have the funds. So, it's clear that starting doesn't require a large amount of money, although having a substantial amount would be better. However, as long as you have the desire to continue doing it regularly, even small amounts can be very beneficial if used directly for this purpose. Because over time, such accumulation can also become substantial when purchased continuously without interruption.

I think it is more important to have a discretionary income than a fixed income. Because some people have a fixed income but do not have any extra money to invest from it after meeting the basic needs of the family. Again it is very important to have an emergency fund for investing in Bitcoin, which will help us in any emergency and will not harm the investment and holding. And you are right that we do not need a lot of money to invest in Bitcoin regularly, it can be ten dollars on a weekly or monthly basis or whatever amount you feel comfortable with. But investing and holding it is very important.

I don't really understand what you meant by " more important to have a discrestionary income than a fixed income"  it seems you are confused and you are kinda far from what we are discussing because we don't really need anything about fixed income in Bitcoin investment but rather what we need is a discrestionary income which is gotten from our source of income after all necessities have been taken care of and secondly, emergency funds is very vital in our Bitcoin investment but it is not meant to be used in accumulating Bitcoin but for emergencies alone and don't lure newbie into this because it's not correct.

Frequently the term "fixed income" is used to describe various kinds of payments that people might get that are not subject to current work performance - so such payments may or may not have cost of living adjustments contained within them.

I suspect that MissNonFall9 use of the term "fixed income" was meant to merely account for all of the income that might be coming in and at the same time suggest that guys need to account for their income after they had subtracted the expenses from whatever income had come in.

As long as your income is enough to pay for your bills with some left overs then you will definitely be able to generate discretionary income from it because of that's exactly what those left overs are , having discretionary income problems come up when your income is not enough to generate discretionary and the best thing to do in a situation like this is usually to build on your current source of income which could involve cutting down on some expenses or you could push for a alternative source of income, there is nothing wrong with earning from more than one place after all, your bitcoin investment can only push forward if you can generate the necessary discretionary income to push it forward with.

Sometimes some people's income is even more than enough, but they feel it is not enough because of how they manage it. You don't really need a huge income before investing in Bitcoin; with a little income, you can even start somewhere by investing an amount that you can afford.

I have come to conclude that irrespective of what one earns and if there is interest in investing in Bitcoin, with good management of funds, it is still possible to create a discretionary fund and also to invest in Bitcoin.

That's true some people are actually not managing their income well enough to be able to invest. Investment has been made accessible to almost all levels of income by adopting the DCA strategy but the problem is always managing their income properly to be able to create a discretionary fund and also an emergency fund.

If your income is low to create both discretionary fund and emergency fund you don't have to start investing right away you can start by managing your income to build emergency funds and then discretionary fund to invest. If well managed you can build them gradually.

Managing your funds effectively means you should be mindful about your spendings and track your expenses and prioritize your needs over wants it will help to be able to allocate a budget for discretionary and emergency funds.

It seems that many regular guys in this thread (and related threads), tend to emphasize getting started investing in bitcoin as soon as possible, since there seems to be a normal error of procrastinating and even using ideas of organizing and/or planning and/or preparing as excuses to delay their getting started. In other words, there is no reason that planning and organizing cannot be accomplished simultaneously to getting started as soon as possible, and the ONLY things needed to get started is figuring out whether discretionary funds are available and having some common sense (not being retarded). .. so then learning and organizing can be done simultaneously to building up to the bitcoin holdings whether that is starting at $100 per week, $30 per week, $10 per week or some other amount that makes sense to the newbie.

Sometimes some people's income is even more than enough, but they feel it is not enough because of how they manage it. You don't really need a huge income before investing in Bitcoin; with a little income, you can even start somewhere by investing an amount that you can afford.
I have come to conclude that irrespective of what one earns and if there is interest in investing in Bitcoin, with good management of funds, it is still possible to create a discretionary fund and also to invest in Bitcoin.

Ignorance they say is a disease, mismanagement of funds is one of the problem faced by individuals and because this, they make serious excuses why they are not able to invest in Bitcoin, I know that some persons are faced with many financial problems but I do not think that it should be the reason they should present excuses to back their lapses, for DCA and discreationary income to be mentioned in Bitcoin investment, it means that the inventor himself understands that every needs to be part of Bitcoin investment although those that finds it to be a safe and trusted way of investing digitally for the future, Bitcoin investment is investment made easy, low income and high income eqrhees can invest in it because from whatever amount we earn there is discreationary income in it what differentiates both income earners is that there discreationary income will not be equal that means the higher your income, the higher your discreationary income, one thing is for sure, there's no limit to the sources of income we can have, it all depends on how determined we are.

I think that you are correct on all of your points, except your suggestion that anyone is able to earn as much money as they want.  That is close to pure pie in the sky fantasy bullshit. 

People have limitations in regards to their locations, aptitudes, physical conditions (such as scarcity of certain locations that can be occupied or owned), time in the day, time in their lives, weather conditions (and other acts of nature and even acts of politicians and folks in their surroundings) and probably a variety of matters that may or may not be controllable. 

Sure a whole hell-of-a-lot of obstacles can be overcome, and we likely have possibilities that are much higher than we are considering them to be, yet we still likely are limited by our starting points.  I should not even have to mention the existence of limitations that people might have, even though I don't disagree with your idea that a lot of obstacles can probably be overcome with focus, organization and persistencies.

Even if we might have high aspirations, we also likely need to work within limitations in front of us to the extent that we can overcome them or not... and yeah ,there are folks who live in a fantasy world so maybe in their mind they are not limited by the physical world? Yet folks that live like that are likely setting expectations too high.. which frequently I have found it better to set expectations lower and then to exceed the expectations rather than setting unrealistic expectations, such as a guy who is currently earning $30k per yer, and perhaps if he has been earning that for the past 5 years, so then is he going to expect to become a millionaire within 5 years?  or a billionaire in the same timeline?  Or maybe he tries to be more realistic and sets his timeline for 15-20 years, yet he still likely needs to be making progress towards those kinds of seemingly difficult to attain goals if he is going to persist with them rather than counting on winning the lottery - which is largly setting these kinds of folks up for failure.  There is likely no limitation to the number of folks who create unrealistic goals for themselves rather than guys who set reasonable and attainable goals and perhaps even having some very high and difficult to attain goals, yet also setting and pursuing realistically attainable goals too.

Not only folks that invest aggressively during the Dip will be profitable even though you didn't invest aggressively during the Dip but you are consistent In your accumulation and you are also following the principles and holding for long term, you will definitely be profitable so don't make it sound like it's only when we are aggressive during the Dip we will be profitable in our Bitcoin investment. DCA method is good as much as any other method but it's somehow perculiar.

Buying dips can certainly complement other strategies, but buying dips should not be considered the main strategy, especially in the early stages of getting involved in Bitcoin. It is better to buy regularly without looking at the price in the early stages, and if there is a weekly buying schedule, then naturally there will be some dips. Waiting is not a good strategy, especially for those who are at the beginning of their savings or who think they need more Bitcoin. Buying continuously and frequently is a better strategy than waiting. However, if someone wants to adopt waiting as their strategy, that is their own decision. Each of us is responsible for our own Bitcoin holdings and how we build them, whether we are comfortable or aggressive.

Actually, that is a good strategy to accumulate Bitcoin, but it all depends on the money one has because in my opinion, if someone can use money that has indeed been allocated for investment and is not disturbed by other things, then there is nothing wrong with accumulating Bitcoin aggressively when the price of Bitcoin drops; in fact, I think it could be very profitable in both the short term and the long term.

There are trade-offs when guys choose to hold back money for buying on dips that may or may not happen.

Yeah, you are free to do what you like, even though you may well be fooling yourself if you conclude that your buying on the dip technique is equally or more aggressive than a strategy that focuses on ongoing, persistent, consistent and regular buying of bitcoin. 

Ultimately do what you want, yet there are a lot of guys who are largely low coiners (and even no coiners) that get sucked into a waiting rather than an ongoing and persistent buying approach.

[edited out]

It is also much better to hold on consistently if we can't afford to do this kind of aggressive investment, we should definitely buy as much as possible during the dip, this is certainly right, because the lower we can keep the purchase price, the better our success will be later. But this is certainly not mandatory, only those who have additional financial advantages can do this, otherwise those who are consistent in all situations, they will never be deprived of good results. So our first responsibility is to be consistent, then if we have the financial capacity then it is better to invest aggressively during the dip, but even if we cannot do it due to capacity, it is not a problem, we will continue to invest consistently in general according to our capacity, that is enough.

You are speaking out of both sides of your mouth ChocolateBitcoinK in regards to whether or not there is any value to change the level of BTC buying aggressiveness bases on BTC price dips. 

I personally believe it is better to attempt to structure BTC buying aggressiveness around strength of cashflows rather than fucking around with figuring out if there is a dip or not or if there might be some future dip.

Sure, there probably is not any problem to hold back a certain limited quantity of money for buying dips and even to target specific dip price levels with certain amounts of money, which realizing that the dips may or may not happen... and surely it seems that there are plenty of times that dips happen, but then the price keeps dipping, so it becomes difficult to figure out how changing levels of aggressiveness might be employed during those kinds of dipping times - other than just regularly buying and/or considering if there might be some extra funds that are available that had not been previously considered that could be put into bitcoin.

Actually, that is a good strategy to accumulate Bitcoin, but it all depends on the money one has because in my opinion, if someone can use money that has indeed been allocated for investment and is not disturbed by other things, then there is nothing wrong with accumulating Bitcoin aggressively when the price of Bitcoin drops; in fact, I think it could be very profitable in both the short term and the long term.

Of course I also think this is a fairly ideal step for someone to take so that when accumulating Bitcoin there will be no more problems. This is because the method of sorting out the accumulation of one's finances is quite good. However another thing that needs to be done once the method is on the ideal path is how one uses one's funds to allocate them to investments so that mistakes will not become a risk for someone accumulating Bitcoin too aggressively.

There is a risk of both accumulating too aggressively and accumulating too whimpily when starting to time and/or adjust levels of aggressiveness based on dips that may or may not happen. As long as guys consider the trade-offs in their behavior, they can do whatever they like, yet if they ONLY consider the trade-offs to be in one direction, then they are likely just fooling themselves in regards to what they may or may not be achieving in holding back value to buy dips that may or may not end up happening.

[Itz-prisigold]

It is more important to think about increasing income rather than reducing expenses. Because as time passes, your responsibilities will increase and your expenses will increase. You will not be able to reduce the necessary expenses. And apart from going out to eat, there are many types of pleasant activities where even if you spend money, it gives you mental peace. A person needs everything. There some expenses by fulfilling your family needs, doing your own entertainment, engaging yourself in social activities, after all these expenses, if you have extra money, then you can start investing in Bitcoin with that discretionary income. And if discretionary income is not generated, then focus on increasing income sources.

There is truth in saying you need to increase your income, however to say that increasing your income is more important than managing your spending does not show the whole picture when it comes to real life financial discipline. In reality, they are both very important.  See let me tell you, if someone only focus on increasing his or her income without controlling their spending habits,  then trust me, I can assure you that their spending habits will continue to grow right along side there income.  A primary reason for financial concern is the lack of boundaries between income and expenses leading to additional financial stress.  This is something many people always experience as their lifestyle improves,  spending increases,  financially pressured as before despite earning more.

Of course moving to adulthood comes with more responsibilities and some expenses are unavoidable,  but that doesn’t mean that expenses should not be managed wisely. See financial stability is all about balancing both sides,  you can be working on increasing your income and also maintaining control over unnecessary spending.

And also the idea of discretionary income is just tied to how well someone manages their expenses. Let me tell you,  you can earn more money today but spend everything on upgrading lifestyle and discretionary income may never appear,  but if you manage your finances carefully,  even a modest income can definitely give you some room for saving or investing.

[puloweh555]

As long as your income is enough to pay for your bills with some left overs then you will definitely be able to generate discretionary income from it because of that's exactly what those left overs are , having discretionary income problems come up when your income is not enough to generate discretionary and the best thing to do in a situation like this is usually to build on your current source of income which could involve cutting down on some expenses or you could push for a alternative source of income, there is nothing wrong with earning from more than one place after all, your bitcoin investment can only push forward if you can generate the necessary discretionary income to push it forward with.

Basically, increasing your income source is important to create a prudent income and this can be a good option. Many people actually spend more than necessary on unnecessary things. So you need to reduce your current expenses and create a prudent income. After meeting your family's needs, you can invest in Bitcoin with the remaining money. And to invest in Bitcoin, you need to increase your income source. You do not need a huge income when investing in Bitcoin, you can start investing with a small income and according to your ability. If your income is low, you can create a discretionary fund and an emergency fund.

When investing increasing or supplementing your income is a must. Increasing your income sources is a key foundation for smooth, uninterrupted investment growth and even for more consistent investments ultimately increasing your assets.

We also know that in investing, income can be likened to fuel and the more sources of income you have the more funds you can allocate to investments without worrying about having to cover living expenses or sacrificing funds for living expenses.

Furthermore, increasing your income can reduce risks such as being forced to sell your assets at a loss. What I mean is if you rely solely on one salary, when an emergency arises, you'll be forced to sell your investments at a low price. I don't mean that having one income means you can't invest, but it's beneficial to have more than one source of income to be more resilient when something happens to your finances.

[Bigjoe33]

I think those who understand the market and become aggressive during a bear market may be able to make profits. But those who invest aggressively without understanding the market have a very low chance of making profits. To succeed we need consistency, which allows us to invest around our average buying price while also helping our portfolio grow. For this reason investing in Bitcoin using the DCA (Dollar-Cost Averaging) method is important. In addition to keep investments safe and maintain consistency, it is essential to ensure an emergency fund which can greatly increase our chances of success.

Understanding the market and investing aggressively or not understanding the market and still investigating aggressively shouldn't be given musch concentration since no one can really predict the market price movements at any given time. So, I think what really matters is that you are investing, accumulating and growing your portfolio, yea. It doesn't really matter wether you are doing that aggressively or not since not everyone can afford aggressive buying at some point. Though the major advantage of aggressiveness is that it increases your BTC portfolio faster, but for plebs, consistency in accumulation should be the watch word provided they have an already figured out discretionary. They can go aggressive when they can and have the power to do so, but what really.atyers is the consistency and a long term investment plan.

[ZeroVinsonN]

As long as your income is enough to pay for your bills with some left overs then you will definitely be able to generate discretionary income from it because of that's exactly what those left overs are , having discretionary income problems come up when your income is not enough to generate discretionary and the best thing to do in a situation like this is usually to build on your current source of income which could involve cutting down on some expenses or you could push for a alternative source of income, there is nothing wrong with earning from more than one place after all, your bitcoin investment can only push forward if you can generate the necessary discretionary income to push it forward with.

Sometimes some people's income is even more than enough, but they feel it is not enough because of how they manage it. You don't really need a huge income before investing in Bitcoin; with a little income, you can even start somewhere by investing an amount that you can afford.

I have come to conclude that irrespective of what one earns and if there is interest in investing in Bitcoin, with good management of funds, it is still possible to create a discretionary fund and also to invest in Bitcoin.

What's tricky about this whole thing is that the more they keep telling themselves that they are not prepared enough to invest the more time they end up wasting and the just keep repeating themselves, the only way to know for sure that you are ready to start your bitcoin investment is to actually start investing because the simple truth is that you will never be prepared enough, the more knowledge you acquire the more knowledge you realize that you still need to acquire so why keep spinning yourself around when you can just start investing and then acquire whatever knowledge you feel you need to acquire along the way.

[icebar]

Not only folks that invest aggressively during the Dip will be profitable even though you didn't invest aggressively during the Dip but you are consistent In your accumulation and you are also following the principles and holding for long term, you will definitely be profitable so don't make it sound like it's only when we are aggressive during the Dip we will be profitable in our Bitcoin investment. DCA method is good as much as any other method but it's somehow perculiar.

Buying dips can certainly complement other strategies, but buying dips should not be considered the main strategy, especially in the early stages of getting involved in Bitcoin. It is better to buy regularly without looking at the price in the early stages, and if there is a weekly buying schedule, then naturally there will be some dips. Waiting is not a good strategy, especially for those who are at the beginning of their savings or who think they need more Bitcoin. Buying continuously and frequently is a better strategy than waiting. However, if someone wants to adopt waiting as their strategy, that is their own decision. Each of us is responsible for our own Bitcoin holdings and how we build them, whether we are comfortable or aggressive.

Actually, that is a good strategy to accumulate Bitcoin, but it all depends on the money one has because in my opinion, if someone can use money that has indeed been allocated for investment and is not disturbed by other things, then there is nothing wrong with accumulating Bitcoin aggressively when the price of Bitcoin drops; in fact, I think it could be very profitable in both the short term and the long term.

The decision to buy aggressively is not suitable for everyone. Moreover, aggressive buying is not seen as the only strategy, but it can be used as an opportunity along with regular investment. When someone invests regularly on a weekly basis, he may generally face some declines during the investment process, but the wise use this decline as an opportunity according to their ability. If the decline is chosen as the only strategy, it is not logical because it is not possible to say certainly when the market will go down. Opportunity can be used when the price goes down, but it will be effective for a person only if he manages his finances well and makes decisions with a long-term plan. And if a person has the ability to take additional opportunities, then he can create a reserve fund that he will use in the market downturn. It is not right to use money from daily needs or emergency funds to buy in the downturn because there may not be money to deal with emergencies later. So it can be a good method to keep some money aside to take advantage of the market downturn.