Buy Buy Buy or Sell Sell Sell?

[Agbamoni]

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.

Eventually expenses dont decreases it keeps pilling up with time, which is why I am in total support of the idea that focusing on increasing the income is better than laying focus on expenses. I have realized that in the process of reducing expenses, unpexected evens occurs in the future, limiting the zeal to maintain consistency in the investments. Some investors have run out of emergency funds and savings due to the slow growth of their income. As the world evolves, the value of money decreases with time, and purchasing power also decreases. More income will be the only solution.

[MissNonFall9]

[Yes being consistent is very important, yet another thing that investors overlook sometimes is increasing their contribution over time. Some have a low discretionary income due their low salary but when they have a chance to start earning a higher income, they don't increase their Discretionary income. What they don't know is increasing your Discretionary income helps you accumulate and hold more Bitcoin. Even small increases can make a big difference after many years. When income grows, the DCA amount should also improve. To have a profitable long term investment, you must be willing to adjust your Discretionary income as your financial situation improves.

Yes, many people do not increase their investment in Bitcoin even after their discretionary income increases. This is one of the bad decisions. A person should invest in Bitcoin according to his comfort level. Because people's standard of living is not always at the same situation. When an investor's discretionary income increases, he should increase his investment amount in the DCA method, and when his discretionary income decreases, he should keep his investment amount in the DCA method normal because I believe that an investor definitely has an emergency fund and it is very important to keep it so that investment in Bitcoin is not hindered.

[PERtua]

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.

Eventually expenses dont decreases it keeps pilling up with time, which is why I am in total support of the idea that focusing on increasing the income is better than laying focus on expenses. I have realized that in the process of reducing expenses, unpexected evens occurs in the future, limiting the zeal to maintain consistency in the investments. Some investors have run out of emergency funds and savings due to the slow growth of their income. As the world evolves, the value of money decreases with time, and purchasing power also decreases. More income will be the only solution.

Increasing the income is also a key point that you made, rather than merely attempting to decrease the expense. As a matter of fact, costs never go down over time since the workload continues to increase. Family needs, health costs, education, and living daily expenses are slowly rising and the inflation in itself lowers the value of money. There is a limit of what we can spend on unnecessarily without influencing our quality of life though we still need to control unnecessary spending. This is the reason why it is essential to develop more powerful sources of income. The income increases and thus saving and continuous investment becomes easier. Investing in anything such as Bitcoin ought to be optional or rather an additional income, not a savings account or an income account allocated to necessities or emergency savings.

[Barikui1]

Eventually expenses dont decreases it keeps pilling up with time, which is why I am in total support of the idea that focusing on increasing the income is better than laying focus on expenses. I have realized that in the process of reducing expenses, unpexected evens occurs in the future, limiting the zeal to maintain consistency in the investments. Some investors have run out of emergency funds and savings due to the slow growth of their income. As the world evolves, the value of money decreases with time, and purchasing power also decreases. More income will be the only solution.

I agree with your sentiment here that it's more better to evolve financially than to be trying to reduce your basic expenses because inflation is one thing that will always driving your expenses up wether you like it or not, so looking for ways to better your finances is a lot better than trying to reduce it, which is near impossible.
In most cases, those that are earning a lot of money are still struggling to figure out their discretionary income due to financial pressure they might be facing, so earning a lot of money still doesn't guarantees that an investor can invest in Bitcoin consistently.
That's is why a good money management skills is very important as a Bitcoin investor, regardless of if you are earning a lot of money or not.

[casey15]

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.

True... I think buying to hold definitely as a first timer should be on a regular basis. You don't even know when the dip will come and even after the dip, you'll still have to buy. One thing is you cannot just wait and buy everything once. The market is uncertain and that is why it has so many risks. If you want to us a waiting strategy, it then mean that you'll have to rely heavily on technical analysis where you will try to target a low enough price because you cannot fully predict the market and you may miss out on a lot of opportunities. Waiting might just be in vain as it could just continue to pump. This uncertainty is what makes frequent buying irrespective of price to be a very good option. Taking the fact that not all newcomers even have the patience enough to keep waiting for the dip.
        Another advantage is that buying regularly helps you to risk what you can afford to lose at a time. If you wait for a dip, you will be tempted to push in too much money thinking you may not have the opportunity again. But with regular buying, the you are not pushing in so much money because you know you will eventually add to the portfolio again soon.

[Kelward]

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.

Eventually expenses dont decreases it keeps pilling up with time, which is why I am in total support of the idea that focusing on increasing the income is better than laying focus on expenses. I have realized that in the process of reducing expenses, unpexected evens occurs in the future, limiting the zeal to maintain consistency in the investments. Some investors have run out of emergency funds and savings due to the slow growth of their income. As the world evolves, the value of money decreases with time, and purchasing power also decreases. More income will be the only solution.

Economically increasing your income to meet up certain expenses is better than reducing some expenses inorder to increase another because their is a reason why you pegged the "need or want' that you have to reduce. Always working to improve our income inorder to comfortably meet up our expenses gives peace of mind and quality lifestyles, there is no need to struggle financially because we can invest in Bitcoin. If you don't have a discretionary fund where you can comfortably buy Bitcoin from, while you're figuring out how to increase your income you can allocate what you can for your DCA. But if you don't have a discretionary income at all you shouldn't worry yourself about Bitcoin accumulation until you are able to your discretionary fund.

[As-Soon-As]

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.

Eventually expenses dont decreases it keeps pilling up with time, which is why I am in total support of the idea that focusing on increasing the income is better than laying focus on expenses. I have realized that in the process of reducing expenses, unpexected evens occurs in the future, limiting the zeal to maintain consistency in the investments. Some investors have run out of emergency funds and savings due to the slow growth of their income. As the world evolves, the value of money decreases with time, and purchasing power also decreases. More income will be the only solution.

In Bitcoin investment, discretionary income certainly plays a big role, but in Bitcoin investment, one should never buy Bitcoin aggressively. It is very important to buy and hold Bitcoin according to one's ability, and to keep Bitcoin investment for the long term, it is necessary to form an emergency fund. This emergency fund will protect Bitcoin investment to face any danger. Therefore, if these strategies are followed correctly, it will be possible to maintain Bitcoin investment for the long term, so in this case, discretionary income must be good and if the continuity of purchase is maintained in the future, the Bitcoin investment will increase. As a result, this continuous purchase of Bitcoin will become the maximum benefit to eliminate economic shortages in the future.

[ruykeri]

Yes, many people do not increase their investment in Bitcoin even after their discretionary income increases. This is one of the bad decisions. A person should invest in Bitcoin according to his comfort level. Because people's standard of living is not always at the same situation. When an investor's discretionary income increases, he should increase his investment amount in the DCA method, and when his discretionary income decreases, he should keep his investment amount in the DCA method normal because I believe that an investor definitely has an emergency fund and it is very important to keep it so that investment in Bitcoin is not hindered.

The decision to increase DCA in Bitcoin as discretionary income increases is a completely personal matter. It is the decision of the investor how aggressively he will invest. It is better for a person's DCA to be 25% of his income.

But if discretionary income decreases, the idea of ​​continuing DCA as before is sound like good, but in reality it breaks down. If income decreases or expenses increase, and you still forcefully run the same DCA, then where will you get the money from? From the backup fund? Then you are actually eating up the backup fund, and after a few days, when an emergency moment comes in life, it will force you to sell bitcoin. If discretionary income decreases, first make sure that the backup fund is okay. If necessary, reduce DCA amount or temporarily stop it, so that you do not have to force sell .If discretionary income increases, increase DCA step by step and strengthen the backup fund at the same time.

[Bigthraex]

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.

It is true that increasing income is important because expenses naturally increase with time. Responsibilities grow, inflation keeps pushing prices higher, and life becomes more demanding. But the hard truth is that many people increase their income and still struggle to accumulate Bitcoin consistently. The reason is not always low income, but lifestyle expansion. When income increases, people tend to upgrade their lifestyle immediately, better apartments, newer gadgets, more social spending, more comfort. Before long, the new income becomes the new normal, and once again there is no discretionary income left to buy Bitcoin. So even though they are earning more, their ability to accumulate Bitcoin does not improve.

Another thing is that income growth is not always immediate or guaranteed. Not everyone can suddenly increase their earnings. Sometimes it takes years to build new skills, start a business, or grow in a career. During that period, waiting until income becomes “perfect” before buying Bitcoin may mean missing years of gradual accumulation. This is why the conversation should not only be about increasing income or reducing expenses, but about financial structure and discipline. In other words, Bitcoin accumulation is not always about how much you earn, but how intentionally you allocate your money.


Another hard truth is that many people approach Bitcoin emotionally. They buy when the price is rising because everyone is excited, and they sell when the price drops because they feel pressure. But if Bitcoin is being bought strictly from discretionary income with a clear plan, those emotional decisions become easier to avoid.
So while increasing income is very important, the real key to accumulating Bitcoin over time is a combination of growing income, controlling lifestyle expansion and maintaining discipline in allocating discretionary income. Without these, even a high income may still lead to inconsistent buying or panic selling. But with them, even small and steady purchases can gradually build a meaningful Bitcoin position over time.

[POPOLUV]

As long as your income in 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.

I think it is right and logical to increase income sources to create discretionary income. Investing in Bitcoin by reducing your current expenses and creating discretionary income is an investment with a weak income flow. I think you should first fully cover all your expenses. After meeting your family's needs 100%, if you have money left over, you can invest in Bitcoin with that money. Or try to increase your income sources. I don't think it is logical to invest in Bitcoin by reducing your expenses and creating a deficit in your beautiful lifestyle.

Considering investments, such as Bitcoin, is something to do only after your financial situation is stable. If you are cutting back on necessary spending to make an investment, then it may put pressure on you in your daily life. You should first make sure you have enough money to meet all of your family's needs, including all bills and savings, before making additional investments. When you have enough money left over to invest in something like Bitcoin or stocks, then that decision is made based on having extra funds to use for your family's needs. By investing at a slow pace you can add to your income, but also be secure and sustainable through many different income sources.

That is why Bitcoin investment encourage every investors either old or being you a newbie to always make use of your discretionary income when ever you want to invest, you don't invest with your whole income and with your discretionary income you don't have to wait till you have enough money or a stable income before you could consider to invest in Bitcoin, however i want to use this medium to refresh your mind on what discretionary income is all about and why you are meant to use only your discretionary income, so a discretionary income is the money left after all your payments of bills or it you can say that discretionary income is the money that remains after all expenses being spend for the week or monthly and the left after after all your payments of bills is automatically your discretionary income which you will use to invest so that you will not pull out your investments incase of emergency like you earlier said.

[arwin100]

Yes, many people do not increase their investment in Bitcoin even after their discretionary income increases. This is one of the bad decisions. A person should invest in Bitcoin according to his comfort level. Because people's standard of living is not always at the same situation. When an investor's discretionary income increases, he should increase his investment amount in the DCA method, and when his discretionary income decreases, he should keep his investment amount in the DCA method normal because I believe that an investor definitely has an emergency fund and it is very important to keep it so that investment in Bitcoin is not hindered.

The decision to increase DCA in Bitcoin as discretionary income increases is a completely personal matter. It is the decision of the investor how aggressively he will invest. It is better for a person's DCA to be 25% of his income.

But if discretionary income decreases, the idea of ​​continuing DCA as before is sound like good, but in reality it breaks down. If income decreases or expenses increase, and you still forcefully run the same DCA, then where will you get the money from? From the backup fund? Then you are actually eating up the backup fund, and after a few days, when an emergency moment comes in life, it will force you to sell bitcoin. If discretionary income decreases, first make sure that the backup fund is okay. If necessary, reduce DCA amount or temporarily stop it, so that you do not have to force sell .If discretionary income increases, increase DCA step by step and strengthen the backup fund at the same time.

More ideal action is if they do DCA strategy they should match it with their current financial capabilities, since if their expenses will rise then they struggle and their income declines. Keeping same strategy while they face issues will provably dried out their back up funds and with that there's a chance that they might force to liquidated at wrong time.

Much better if they pay attention with their emergency funds first, then adjust when they need to increase their capital to buy Bitcoin then continue to do DCA. When their discretionary income rise up, they can slowly increase the amount when they want to accumulate, also to have balance approach they also pay attention on funds that can make them safe from any future troubles. With those things they can able to became more consistent and can be away to any more bigger financial

[Showlove01]

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.

Eventually expenses dont decreases it keeps pilling up with time, which is why I am in total support of the idea that focusing on increasing the income is better than laying focus on expenses. I have realized that in the process of reducing expenses, unpexected evens occurs in the future, limiting the zeal to maintain consistency in the investments. Some investors have run out of emergency funds and savings due to the slow growth of their income. As the world evolves, the value of money decreases with time, and purchasing power also decreases. More income will be the only solution.

In Bitcoin investment, discretionary income certainly plays a big role, but in Bitcoin investment, one should never buy Bitcoin aggressively. It is very important to buy and hold Bitcoin according to one's ability, and to keep Bitcoin investment for the long term, it is necessary to form an emergency fund. This emergency fund will protect Bitcoin investment to face any danger. Therefore, if these strategies are followed correctly, it will be possible to maintain Bitcoin investment for the long term, so in this case, discretionary income must be good and if the continuity of purchase is maintained in the future, the Bitcoin investment will increase. As a result, this continuous purchase of Bitcoin will become the maximum benefit to eliminate economic shortages in the future.

The sentence you made " one should never buy Bitcoin aggressively" sounds discouraging to people who has the money to be aggressive on buying Bitcoin, it has been discussed here severally that buying aggressively is not wrong that is if the money is coming from your discretionary income and it doesn't matter the capacity of the person or the investor so long as they have  enough in their discretionary to be aggressive there is no problem but  buying with your emergency funds or money outside your Bitcoin investment which is your expenses funds is very wrong and we should not allow the Dip to lure us into that because it will be trading instead...

[Cyber_warrior]

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.

Eventually expenses dont decreases it keeps pilling up with time, which is why I am in total support of the idea that focusing on increasing the income is better than laying focus on expenses. I have realized that in the process of reducing expenses, unpexected evens occurs in the future, limiting the zeal to maintain consistency in the investments. Some investors have run out of emergency funds and savings due to the slow growth of their income. As the world evolves, the value of money decreases with time, and purchasing power also decreases. More income will be the only solution.

Well you are right, increasing one's income is a good idea it will be beneficial to you and also your investment. Expenses keeps on piling up and even though you are able to manage your expenses at some point an emergency will arrive but that doesn't mean it will affect your investment. What if you intend to focus on increasing your income but at that time no work is unavailable for you so do you just stay waiting for when you get one?

 I don't think that's ok I feel you should lay focus on managing your expenses well while looking for a way to increase your income both are really helpful. You can't control when opportunities will come but you can control your expenses so cutting unnecessary expenses will help build your emergency fund even with limited income.

Regardless of how much you earn you can work on your spendings and cut some wants to be able to accommodate emergency funds. If you plan well nothing will happen to your investment and emergency funds even with your little income.

[Razmirraz]

It is more important to think about increasing
Snip.

Eventually expenses dont decreases it keeps pilling up with time, which is why I am in total support of the idea that focusing on increasing the income is better than laying focus on expenses. I have realized that in the process of reducing expenses, unpexected evens occurs in the future, limiting the zeal to maintain consistency in the investments. Some investors have run out of emergency funds and savings due to the slow growth of their income. As the world evolves, the value of money decreases with time, and purchasing power also decreases. More income will be the only solution.

Expenses tend to increase over time because unexpected things can happen, which can make someone have to spend more than usual and even have to dip into emergency funds. For this reason one should focus on increasing income as it is more effective than just focusing on reducing expenses. A person must be able to look further ahead so as not to experience financial problems in the future, increasing income can help them face the worst possibilities such as inflation and declining purchasing power, when income is greater than expenses, then they can increase and maintain investments consistently according to plan because they are no longer burdened by spending problems.

[Stormisover]

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.

Eventually expenses dont decreases it keeps pilling up with time, which is why I am in total support of the idea that focusing on increasing the income is better than laying focus on expenses. I have realized that in the process of reducing expenses, unpexected evens occurs in the future, limiting the zeal to maintain consistency in the investments. Some investors have run out of emergency funds and savings due to the slow growth of their income. As the world evolves, the value of money decreases with time, and purchasing power also decreases. More income will be the only solution.

Economically increasing your income to meet up certain expenses is better than reducing some expenses inorder to increase another because their is a reason why you pegged the "need or want' that you have to reduce. Always working to improve our income inorder to comfortably meet up our expenses gives peace of mind and quality lifestyles, there is no need to struggle financially because we can invest in Bitcoin. If you don't have a discretionary fund where you can comfortably buy Bitcoin from, while you're figuring out how to increase your income you can allocate what you can for your DCA. But if you don't have a discretionary income at all you shouldn't worry yourself about Bitcoin accumulation until you are able to your discretionary fund.

Basically everyone has what ever he or she place values in as a priority and basics and will never joke meeting up the demands for any reason, this is what gives them their comfort and peace of mind but when you talk of reducing some expenses in other things which they don't prioritize to enable them buy or increase what they allocate to Bitcoin there is nothing wrong doing that, what is most important is putting first the budgets and expenses that are very much basic and essential to you such that reducing your other unpririotized expenses wouldn't affect you negative in any way if you intend using the money to do other things including buying Bitcoin.

[Joeboy]

Yes, many people do not increase their investment in Bitcoin even after their discretionary income increases. This is one of the bad decisions.

Making adjustments for an increment in your investing amount after an increase in your discretionary income still remains a personal choice... Sure it may actually be more reasonable for folks to increase their Bitcoin allocation after an increment in their discretionary, but it still shouldn't be a bad decisions if folks chooses not to... You may not value the importance of emergency funds, but that doesn't mean it's the same for other folkz.... Some folks may want to prioritize the strengthening of their emergency fund instead of increasing their allocation after an income increases.. And such a decision isn't bad since they didn't have to stop their Bitcoin accumulation, they simply had to make room to build a safety net so their Bitcoin is secured in cases of any emergency..

When an investor's discretionary income increases, he should increase his investment amount in the DCA method, and when his discretionary income decreases, he should keep his investment amount in the DCA method normal because I believe that an investor definitely has an emergency fund and it is very important to keep it so that investment in Bitcoin is not hindered.

How do you intend that folks keep an emergency funds when you are advising that folks always give more importance to the increment of their investments amounts after their discretionary income increases?

[Marvelockg]

Yes, many people do not increase their investment in Bitcoin even after their discretionary income increases. This is one of the bad decisions. A person should invest in Bitcoin according to his comfort level. Because people's standard of living is not always at the same situation. When an investor's discretionary income increases, he should increase his investment amount in the DCA method, and when his discretionary income decreases, he should keep his investment amount in the DCA method normal because I believe that an investor definitely has an emergency fund and it is very important to keep it so that investment in Bitcoin is not hindered.

But if discretionary income decreases, the idea of ​​continuing DCA as before is sound like good, but in reality it breaks down. If income decreases or expenses increase, and you still forcefully run the same DCA, then where will you get the money from?

Everything still goes back to the fact that proper planning helps you achieve things even in the seemingly difficult times. we are all aware that things does not go all rosy at all times and depending on your source of income and wether it is salary based on one that comes through your business, there are different possibilities that can play out and the way you react to those event will tell if you even have a plan on ground for such unforeseen times.

If you are a salary earner that lost your job and have to transition into another job, during the transition period, depending on what you have going you can still continue investing with the percentage you have set out for your investment, reduce what you are putting into it or alternatively give it a purse just for that moment. everything still goes back to your plan and even stopping for a moment is still a strategy that helps you come back better.

From the backup fund?

The back up fund is ideally meant for times when things might be rough. to protect the bitcoin you have already accumulated, your back up funds helps you stay invested and is not supposed to be used to buy bitcoin. if you use it to buy bitcoin and you stay longer before getting the job, it only means that with time, you will sell off your asset once your back up funds finishes.

[NewRevelation]

True... I think buying to hold definitely as a first timer should be on a regular basis. You don't even know when the dip will come and even after the dip, you'll still have to buy. One thing is you cannot just wait and buy everything once. The market is uncertain and that is why it has so many risks. If you want to us a waiting strategy, it then mean that you'll have to rely heavily on technical analysis where you will try to target a low enough price because you cannot fully predict the market and you may miss out on a lot of opportunities. Waiting might just be in vain as it could just continue to pump. This uncertainty is what makes frequent buying irrespective of price to be a very good option. Taking the fact that not all newcomers even have the patience enough to keep waiting for the dip.
        Another advantage is that buying regularly helps you to risk what you can afford to lose at a time. If you wait for a dip, you will be tempted to push in too much money thinking you may not have the opportunity again. But with regular buying, the you are not pushing in so much money because you know you will eventually add to the portfolio again soon.

There is no technical analysis that cab give an investor a pure, accurate and sure predictions about the  market price movements of bitcoin at anuy given time, hence, such an investor will just be merely relying on just  ordinary predictions, nothing serious or accurate. Perhaps, just like you said, continuous buys remains the best option at any time as this helps consistency and gradually accumulation of BTC is a safe journey. Anyone relying on technical analysis to predict Dips and hopes to wait and buy then will only be wasting time or just relying on Luck, because nothing is sure when it comes to bitcoin. Hence, continuous DCA buys consistently gives room for growth as we Hold for long term

[casey15]

]

There is no technical analysis that cab give an investor a pure, accurate and sure predictions about the  market price movements of bitcoin at anuy given time, hence, such an investor will just be merely relying on just  ordinary predictions, nothing serious or accurate. Perhaps, just like you said, continuous buys remains the best option at any time as this helps consistency and gradually accumulation of BTC is a safe journey. Anyone relying on technical analysis to predict Dips and hopes to wait and buy then will only be wasting time or just relying on Luck, because nothing is sure when it comes to bitcoin. Hence, continuous DCA buys consistently gives room for growth as we Hold for long term

True.. as much as technical analysis may not be able to accurately predict when a dip is going to occur, it gives at least some advantage of buying at a low price... I know of someone who predicted Bitcoin was going to go below 70k as at last year November. Everyone doubted him saying it's not possible. He did that solely using his technical analysis skill besides he is a well known trader and it happened before our eyes. No body believed Bitcoin will dip so low. So technical analysis can eventually give you an edge on when to go in but regardless, consistent regular buying remains the best

[Grease5000]

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.

Eventually expenses dont decreases it keeps pilling up with time, which is why I am in total support of the idea that focusing on increasing the income is better than laying focus on expenses. I have realized that in the process of reducing expenses, unpexected evens occurs in the future, limiting the zeal to maintain consistency in the investments. Some investors have run out of emergency funds and savings due to the slow growth of their income. As the world evolves, the value of money decreases with time, and purchasing power also decreases. More income will be the only solution.

In the orderly way of life people expenses increase as they grow older. A single man expenses double the moment he get married and having children, this make it hard and at times impossible to cut down on some expenses, making an increase in wage or a growth in other source of income the only way out for an investor to incre it discretionary income. And using DCA in accumulating bitcoin still give investors the freedom to accumulate bitcoin and hold.over the long term in this situation.