Buy Buy Buy or Sell Sell Sell?

[ejikeme24]

While the DCA serves as the best strategy for beginners to begin there accumulation process in Bitcoin investment,  it also serves and still remains the best for me even for any kind of investor or there level. You know, while you accumulate Bitcoin gradually and/consistently,  it doesn't stop you from buying from the DIP, or buying a lump sum if you have the financial ability to do that, or you have saved up some extra cash for such buys. So, wether we are able to combine the Dip and the DCA, or the DCA and lump sum, whichever way, the DCA remains the best and easy to go strategy to accumulate Bitcoin and investors must know rhis

Don't engage yourself in combination of strategy be it lump sum or buy the dip, if DCA is the strategy you know is best and convenient for your accumulation journey just like you said, then you should only stick to it than making combination. What is the point of making combination when the DCA strategy has already given you what you need?

Personally, I don't see any need of mixing strategy. I would rather Stick to one to be sure of what I'm doing because combination of strategy sometimes could cause confusion in your accumulation journey. You should know that even without combination of strategy you can still achieve your target don't make things difficult for yourself.

[alankasman]

That's right, and this is what I mean. I say that because we have to think about ourselves as individuals so we don't hinder our basic goal, which is to start investing by accumulating Bitcoin when the price is favorable for us namely a market decline.

I don't think waiting for a dip in price is a good strategy for those that are trying to accumulate bitcoin for a long term, because why waiting for a dip in price can make you lose opportunity to accumulate bitcoin. We also have to realize that sometimes the dip does not come, rather it keeps increasing,  so if you had accumulated when you should have, you should be in profit. Waiting for a dip in price will.be better for those that have already achieved their target in the accumulation of bitcoin, then it's okay for you to wait for a dip before purchasing.

It's true, but this is my goal for beginners who sometimes have very limited income but instead of choosing to save in the bank it's better to buy Bitcoin even if it's a relatively small amount but they do it with a consistent attitude.

It is true what you said but this is the understanding for those who have unstable finances or income but want to invest in Bitcoin that's why I said something like that rather than forcing themselves to do it but there is nothing they can enjoy on the needs that are things to survive and for those who have been involved here for a long time and have income from more than one source it is certainly wrong for those who invest in Bitcoin to wait for a price drop and that is purely wrong because they are sufficient if they do it without seeing or waiting for a new decline to buy Bitcoin because this is also to anticipate not being greedy in buying especially when the price drops maybe this is an opportunity to collect the number of assets and things like this are actually a momentum for those who often make purchases when the price is still stable so that occasionally a price drop like this becomes an opportunity that cannot be wasted by those who usually do it without seeing the price whether it is increasing or decreasing what is clear is that they always prioritize buying when they are the time to make a purchase.

[ruykeri]

That's right, and this is what I mean. I say that because we have to think about ourselves as individuals so we don't hinder our basic goal, which is to start investing by accumulating Bitcoin when the price is favorable for us namely a market decline.

I don't think waiting for a dip in price is a good strategy for those that are trying to accumulate bitcoin for a long term, because why waiting for a dip in price can make you lose opportunity to accumulate bitcoin. We also have to realize that sometimes the dip does not come, rather it keeps increasing,  so if you had accumulated when you should have, you should be in profit. Waiting for a dip in price will.be better for those that have already achieved their target in the accumulation of bitcoin, then it's okay for you to wait for a dip before purchasing.

It's true, but this is my goal for beginners who sometimes have very limited income but instead of choosing to save in the bank it's better to buy Bitcoin even if it's a relatively small amount but they do it with a consistent attitude.

It is true what you said but this is the understanding for those who have unstable finances or income but want to invest in Bitcoin that's why I said something like that rather than forcing themselves to do it but there is nothing they can enjoy on the needs that are things to survive and for those who have been involved here for a long time and have income from more than one source it is certainly wrong for those who invest in Bitcoin to wait for a price drop and that is purely wrong because they are sufficient if they do it without seeing or waiting for a new decline to buy Bitcoin because this is also to anticipate not being greedy in buying especially when the price drops maybe this is an opportunity to collect the number of assets and things like this are actually a momentum for those who often make purchases when the price is still stable so that occasionally a price drop like this becomes an opportunity that cannot be wasted by those who usually do it without seeing the price whether it is increasing or decreasing what is clear is that they always prioritize buying when they are the time to make a purchase.

The perfect time to start investing in Bitcoin is when an investor realizes that he is generating regular discretionary income. Then the price of Bitcoin does not matter. But here many people make a mistake, which is to save money for their necessary expenses or their entertainment expenses and invest. A person will invest in Bitcoin so that he can be financially secure in the future. But I do not think that it is worthwhile to invest in Bitcoin by sacrificing his current beautiful life. First, you have to ensure your personal life and fulfill all the responsibilities of the family. After that, if you have extra money left, you should start investing in Bitcoin with the mindset of long-time holding.

[Different patterns]

Buying when prices fall is not always the best moment; instead, buy when you have discretionary income. Some investors believe that buying during a downturn is the greatest time, but this belief unintentionally corrupts their mindset: they begin to plan for a drop, putting money aside in the hopes of one. Money that might have been used to purchase more bitcoin under their current DCA.

Because the dip represents a discounted pricing rate, some investors may seek to overplay their hand in order to profit from it, which usually leads to a financial crisis.
The drop tests an investor's discipline, conviction, and confidence in multiple ways.

I don't agree with investors keeping their money and waiting for a dip in price,  because you would have wasted opportunity to accumulate bitcoin,  but you choose to just leave your money, while waiting for a dip in price.

Buying the DIP only works well when you are adding it to another accumulation strategy. if you are investing using the DCA method, while buying, you can still buy the DIP and even if it takes a longer period of time for a DIP to happen, you are at least sure that you are not wasting time or procrastinating on your investment.

An investor that wants to attain his investment goal will not engage in an act that has the potential of delaying him or preventing him from getting to his investment goal. theoretically,  buying the DIP looks really perfect but in practice, it is worthy of causing serious delay in the attainment of an investors goal.

I get your point and I agree that buying the dip is mostly effective whenever it combine together with a consistent accumulation strategy that using dollar cost averaging (DCA) method, because relying on buying dip may sound attractive at times, but in reality it can cause you unnecessary delays because as nobody will predict exactly when the market will reach the lowest point, because now you can see a lot of investors spend too much of their time waiting for perfect opportunity but end up missing up chances to build their investment.

But by using the DCA strategy investor can continue accumulating bitcoin regardless of price movement, even while still taking advantage of major dips when they happen. This approach alone removes pressure of predicting the market and keeps you moving toward your investment goals.

[JayJuanGee]

My well-thought-out recommendation would be for investors of all levels to accumulate Bitcoin without any breaks and in every price trend and consider a long-term period such as a minimum of 4 years and a maximum of 10 or 12 years.

Many people invest 30-40 years or longer, so I don't see how a 10-12 year maximum for bitcoin investing would be reasonable in terms of expectations of being at a place that the bitcoin investment can stop.

Of course, the more aggressive a person is able to be, such as investing 20% to 25% of his income into bitcoin, then he would end up investing 1 year's income into his bitcoin investment every 4-5 years.. which is actually a reasonably aggressive pace.

Yet, at the same time, many times folks struggle to even consistently invest and/or save 10% of their income into bitcoin or anything else, and so if they are investing less than 10% into bitcoin, then it is going to take 10 years or even more to invest 1 year of their income into bitcoin.. so then what do you expect? Bitcoin to appreciate 10x, 100x or some other multiple after the investment or perhaps during the investment, yet if the investment is not frontloaded, it is not going to do a whole hell of a lot of good if BTC prices shot up to $1 million and the newbie bitcoin investor is still fairly early in his bitcoin journey, since if the BTC price goes shooting up early, then he hasn't had sufficient time to really build his bitcoin stash while prices were low and he ends up having to stash bitcoin at higher prices, and that is if he does not get distracted into either selling or failing to buy more.

Guys don't just magically become rich after 10-ish years of investing in bitcoin, since mistakes tend to be made, and then hopefully the mistakes don't end up getting too many newbies into some kind of a wrong mindset and into ongoingly poor and/or inferior practices that contribute towards his not making adequate/sufficient progress. and then guys who are not making adequate/sufficient progress, they will change their plans out of frustration and/or lack of patience, since so many guys have difficulties resisting either their temptations to either get rich quick or to treat themselves prior to their bitcoin stash sufficiently/adequately maturing.

Accordingly, if guys lock themselves into believing that they are going to be rich as fuck after 10 or 12 years, then they are likely lacking in flexibility since it surely is likely the case that there needs to be some abilities to continue to invest or even adjust timelines in order to make sure that they do not get into a situation where they are not selling too much BTC too soon and/or failing to continue to accumulate bitcoin when they should be ongoingly, persistently, consistently, regularly and perhaps even aggressively accumulating bitcoin.

Waiting for the dip period with cash funds may make sense for you if you are regularly accumulating Bitcoin using the DCA method. My well-thought-out recommendation would be for investors of all levels to accumulate Bitcoin without any breaks and in every price trend and consider a long-term period such as a minimum of 4 years and a maximum of 10 or 12 years.

We have to be smart in investing, there is nothing wrong with buying during dips. However, if we do DCA without waiting for the dip and buy dips according to our ability when the market enters the dip, then it will definitely be wise. However, in this case, you have to look at your financial capacity, if your financial situation allows you to do only DCA, then keep doing DCA and try to increase your source of income. If DCA allows you to buy dips or be aggressive in investing along with it, then do so.

However, I will not give the same advice to all levels of investors. Rather, I will exclude whale investors or successful investors from this advice. Because, their financial situation and overall situation are completely different from ours. They already have real knowledge about investing.

You really want an easy out by presuming that "whales" or even "rich people" have it easy when it comes to investing in bitcoin?  Sure, it is true that the lower the level of discretionary income then the more organized and disciplined and focused the guys have to be, yet poor people can still pass up rich people who might also not be focused or even realize the value of bitcoin accumulation. 

From my perspective it seems lazy to blanketedly proclaim that rich people have it easy when it comes to bitcoin investing.

Exactly, tt is wise to be accumulating and holding while still keeping money and preparing when there is Dip. The Dip always bring a better and good advantage of accumulating Bitcoin but it's not advisable to wait. Sometimes the reason people wait is because of lack of knowledge, unavailability of funds to be used in accumulating and thinking whether they are making the right decision or not but I consider Bitcoin as a good investment regardless of others.

Everyone who waits has their reasons, and when asked by others, the most common reason is that they don't have the money to directly accumulate Bitcoin.

Do you have $10?  Then you can buy bitcoin.

However, some are still skeptical about Bitcoin and are afraid to buy regularly or accumulate as an investment for their future.

Probably they need to start slowly and study bitcoin so that they understand what it is.  In the meantime, they can buy small amounts and figure out some schedule that they can study bitcoin, whether it is 2-4 hours per week or some other reasonable amount of time that might be able to fit within their schedule... but in the meantime, they can still buy $100 per week, $10 per week or some other amount that they believe to be reasonable and that they can afford to lose.

You are right that if they don't have money they can afford to lose, then they have to figure out how to either increase their income and/or decrease their expenses.

I'm quite confident that those who dare to accumulate significantly at the current price will reap greater profits, as Bitcoin still has the potential to rise further in the coming year. Therefore, I also encourage those around me to continue buying Bitcoin and never be afraid to buy Bitcoin at low prices, as Bitcoin won't always stay low.

One of the better things that newbies can do is to figure out an amount that they use to buy bitcoin every week, and yeah, if they have to start out with a fairly small amount, then that is o.k... since their ongoingly buying bitcoin should help to motivate them to learn more about it.

Exactly, tt is wise to be accumulating and holding while still keeping money and preparing when there is Dip. The Dip always bring a better and good advantage of accumulating Bitcoin but it's not advisable to wait. Sometimes the reason people wait is because of lack of knowledge, unavailability of funds to be used in accumulating and thinking whether they are making the right decision or not but I consider Bitcoin as a good investment regardless of others.

Preparing for the dip as you say seems mostly like the act of folks timing he market,which for me is an unwise course of action.. Timing the market is very stressful and it can very well be done with or without folks waiting, but regardless of which it is, the whole idea of ting or preparing for the dip shouldn't be seen in the actions of true investors... Dip or no dip, an investor should always be focused on a consistent investment using that discretionary income,and that's the more reason why DCA happens to be the very best of all strategies...

I'm not trying to condemn your ideas but it already seems you guys got your minds fixed on just a single strategy but the truth is that, there are several strategies that works for people and yes for a novices, the DCA method should be the best but that shouldn't totally rule out other strategies. there are investors that already have reasonable amount of bitcoin in their holdings and already knows how the market works, so what they rather do is keep pilling their fiat waiting on the bear market for them to buy heavily and you'll agree with me that, when the bear market finally comes, they buy reasonable amount of coin at very cheaper price and keep repeating same process and these type of investors at the long run even make much more better profits than you can even imagine.

the basic goal is to always have something we are holding regardless of the strategies we choose to follow.

Buy the dip strategy is inferior to DCA, even if you try to try to rationalize it - especially for newbies who may well be no coiners or lower coiners, and surely it could take a bit of time to accumulate enough coin that would justify moving away from a largely DCA approach to bitcoin buying.

[Marvelockg]

You really want an easy out by presuming that "whales" or even "rich people" have it easy when it comes to investing in bitcoin?  Sure, it is true that the lower the level of discretionary income then the more organized and disciplined and focused the guys have to be, yet poor people can still pass up rich people who might also not be focused or even realize the value of bitcoin accumulation. 

Wealth does not directly translate to an investors willingness and capability to investing better than someone that is not relatively that wealthy. that assumption that being wealthy makes it easy seams like saying that because you are wealthy you are supposed to be totally healthy. while wealth can give you the resource to take care of your habits and health, it can also cause a serious neglect and sense of care free lifestyle that can even endanger you.

It takes discipline and an intentional lifestyle for your wealth to serve as an advantage while investing. there are still a lot of well to do people that end up gambling with there investment journey because they have the resource. some might procrastinate buying because they are waiting for the DIP so they can come in real big while others might continue trying out so many altcoins because they can afford it.

The more financially stable you are, the more needs, wants and responsibility that you have. to scale through real good, you have to forget about your wealth and do proper planning or else with all your wealth, you would not be more advantaged than someone that is poorer. everyone has his buying resistance but still fights through it because of the expected end that comes with taking advantage of any buying opportunity.

From my perspective it seems lazy to blanketedly proclaim that rich people have it easy when it comes to bitcoin investing.

Absolutely. If you are not capable of buying bitcoin at the time you had little, there is not guarantee that you are going to be capable of buying it when the resources is available in larger amount. a poor man that struggles to remain invested in his little will struggle to do same in time of plenty.
 

[Derekfunds]

That's right, and this is what I mean. I say that because we have to think about ourselves as individuals so we don't hinder our basic goal, which is to start investing by accumulating Bitcoin when the price is favorable for us namely a market decline.

I don't think waiting for a dip in price is a good strategy for those that are trying to accumulate bitcoin for a long term, because why waiting for a dip in price can make you lose opportunity to accumulate bitcoin. We also have to realize that sometimes the dip does not come, rather it keeps increasing,  so if you had accumulated when you should have, you should be in profit. Waiting for a dip in price will.be better for those that have already achieved their target in the accumulation of bitcoin, then it's okay for you to wait for a dip before purchasing.

It's true, but this is my goal for beginners who sometimes have very limited income but instead of choosing to save in the bank it's better to buy Bitcoin even if it's a relatively small amount but they do it with a consistent attitude.

It is true what you said but this is the understanding for those who have unstable finances or income but want to invest in Bitcoin that's why I said something like that rather than forcing themselves to do it but there is nothing they can enjoy on the needs that are things to survive and for those who have been involved here for a long time and have income from more than one source it is certainly wrong for those who invest in Bitcoin to wait for a price drop and that is purely wrong because they are sufficient if they do it without seeing or waiting for a new decline to buy Bitcoin because this is also to anticipate not being greedy in buying especially when the price drops maybe this is an opportunity to collect the number of assets and things like this are actually a momentum for those who often make purchases when the price is still stable so that occasionally a price drop like this becomes an opportunity that cannot be wasted by those who usually do it without seeing the price whether it is increasing or decreasing what is clear is that they always prioritize buying when they are the time to make a purchase.

The perfect time to start investing in Bitcoin is when an investor realizes that he is generating regular discretionary income. Then the price of Bitcoin does not matter. But here many people make a mistake, which is to save money for their necessary expenses or their entertainment expenses and invest. A person will invest in Bitcoin so that he can be financially secure in the future. But I do not think that it is worthwhile to invest in Bitcoin by sacrificing his current beautiful life. First, you have to ensure your personal life and fulfill all the responsibilities of the family. After that, if you have extra money left, you should start investing in Bitcoin with the mindset of long-time holding.

The perfect time to start Bitcoin investment is not when someone realize he or she is generating regular discretionary income because your discretionary income can not be regular if you don't have a regular source of income and in Bitcoin investment a regular source of income is not really a criteria an investor should meet before starting his or her Bitcoin investment but as long as they can get a discrestionary income from whatever source of income they have it is more than enough to start their accumulation.

[Bluedrem]

You really want an easy out by presuming that "whales" or even "rich people" have it easy when it comes to investing in bitcoin?  Sure, it is true that the lower the level of discretionary income then the more organized and disciplined and focused the guys have to be, yet poor people can still pass up rich people who might also not be focused or even realize the value of bitcoin accumulation.

From my perspective it seems lazy to blanketedly proclaim that rich people have it easy when it comes to bitcoin investing.

Yes, it is true that Bitcoin is not only the wealth of the rich but it would be better to say that those who hold Bitcoin are creating the possibility of becoming rich in the future. I hear people around me saying that you need to be rich to buy Bitcoin but I try to convince them that since Bitcoin can be bought in small units, that is, if a person has at least five to ten dollars of discretionary income, he can also buy Bitcoin and it is also profitable for him because if he can hold his Bitcoin portfolio for a long time and if the price of Bitcoin reaches half a million dollars, he can earn 5×8= 40 dollars against the current investment of $ 5.
That is why it is always advised that if someone cannot afford a one-time purchase, but if he has a minimum amount of discretionary income, he should run a Bitcoin DCA.
And when a person has a low amount of discretionary income and wants to invest in Bitcoin, he will be more cautious and disciplined so that he does not lose a single penny of his money.

[Gallar]

The DCA strategy happens to be the most suitable method for buying bitcoin especially for those that are still new to bitcoin investment. Those that have low discretionary income may be finding it difficult to lump sum, so with the DCA strategy it becomes possible for them to start investing using any amount of discretionary income that they may have available. Also the stress of always trying to time the market to get a perfect entry point isn't there with the DCA strategy. An investor can buy bitcoin at any price without having to wait for a price decline before buying. For this , the DCA strategy should be recommended to all beginners and those that may like to start out small.

Yes, you're absolutely right, my friend. DCA is indeed very suitable for Bitcoin investors with limited discretionary funds. Basically, using the DCA technique, even small funds, if consistently invested in Bitcoin, will inevitably yield quite good results. Therefore, DCA is indeed an excellent solution for Bitcoin investment. Personally,, after learning about this DCA technique, I've become very comfortable using it, and it's been working quite well so far.

Essentially,, my stress has decreased because I'm not so focused on the price when making purchases. My focus now is on working and improving my skills. This will clearly yield positive results, such as increased income. As my income increases, my discretionary funds will undoubtedly increase. Essentially, I can buy more Bitcoin with each accumulation cycle using DCA. So, in essence, DCA is really making things easier for me right now.

[Cgrexp]

That's right, and this is what I mean. I say that because we have to think about ourselves as individuals so we don't hinder our basic goal, which is to start investing by accumulating Bitcoin when the price is favorable for us namely a market decline.

I don't think waiting for a dip in price is a good strategy for those that are trying to accumulate bitcoin for a long term, because why waiting for a dip in price can make you lose opportunity to accumulate bitcoin. We also have to realize that sometimes the dip does not come, rather it keeps increasing,  so if you had accumulated when you should have, you should be in profit. Waiting for a dip in price will.be better for those that have already achieved their target in the accumulation of bitcoin, then it's okay for you to wait for a dip before purchasing.

It's true, but this is my goal for beginners who sometimes have very limited income but instead of choosing to save in the bank it's better to buy Bitcoin even if it's a relatively small amount but they do it with a consistent attitude.

It is true what you said but this is the understanding for those who have unstable finances or income but want to invest in Bitcoin that's why I said something like that rather than forcing themselves to do it but there is nothing they can enjoy on the needs that are things to survive and for those who have been involved here for a long time and have income from more than one source it is certainly wrong for those who invest in Bitcoin to wait for a price drop and that is purely wrong because they are sufficient if they do it without seeing or waiting for a new decline to buy Bitcoin because this is also to anticipate not being greedy in buying especially when the price drops maybe this is an opportunity to collect the number of assets and things like this are actually a momentum for those who often make purchases when the price is still stable so that occasionally a price drop like this becomes an opportunity that cannot be wasted by those who usually do it without seeing the price whether it is increasing or decreasing what is clear is that they always prioritize buying when they are the time to make a purchase.

The perfect time to start investing in Bitcoin is when an investor realizes that he is generating regular discretionary income. Then the price of Bitcoin does not matter. But here many people make a mistake, which is to save money for their necessary expenses or their entertainment expenses and invest. A person will invest in Bitcoin so that he can be financially secure in the future. But I do not think that it is worthwhile to invest in Bitcoin by sacrificing his current beautiful life. First, you have to ensure your personal life and fulfill all the responsibilities of the family. After that, if you have extra money left, you should start investing in Bitcoin with the mindset of long-time holding.

The perfect time to start Bitcoin investment is not when someone realize he or she is generating regular discretionary income because your discretionary income can not be regular if you don't have a regular source of income and in Bitcoin investment a regular source of income is not really a criteria an investor should meet before starting his or her Bitcoin investment but as long as they can get a discrestionary income from whatever source of income they have it is more than enough to start their accumulation.

To start investing in Bitcoin, we need discretionary funds and if we want to invest in Bitcoin every week then we need to maintain discretionary funds. Which is the money left over after meeting our expenses. We will probably need more money to continue investing in Bitcoin but we can start investing in Bitcoin with just discretionary funds. There may be people who work irregularly but when they work, they may earn good money and there may be people who are going from one job to another and every such person has discretionary funds to start investing in Bitcoin. Many people emphasize on stable income and say that one has to be very organized before starting investing in Bitcoin. There are not many conditions imposed on starting investing in Bitcoin. And it is certainly important to start investing in Bitcoin but at the same time the amount of extra money that everyone has can be different. Especially if their income and spending situation is unstable.

[BluebloodCXVI]

Many people invest 30-40 years or longer, so I don't see how a 10-12 year maximum for bitcoin investing would be reasonable in terms of expectations of being at a place that the bitcoin investment can stop.

Of course, the more aggressive a person is able to be, such as investing 20% to 25% of his income into bitcoin, then he would end up investing 1 year's income into his bitcoin investment every 4-5 years.. which is actually a reasonably aggressive pace.

Yet, at the same time, many times folks struggle to even consistently invest and/or save 10% of their income into bitcoin or anything else, and so if they are investing less than 10% into bitcoin, then it is going to take 10 years or even more to invest 1 year of their income into bitcoin.. so then what do you expect? Bitcoin to appreciate 10x, 100x or some other multiple after the investment or perhaps during the investment, yet if the investment is not frontloaded, it is not going to do a whole hell of a lot of good if BTC prices shot up to $1 million and the newbie bitcoin investor is still fairly early in his bitcoin journey, since if the BTC price goes shooting up early, then he hasn't had sufficient time to really build his bitcoin stash while prices were low and he ends up having to stash bitcoin at higher prices, and that is if he does not get distracted into either selling or failing to buy more.

Guys don't just magically become rich after 10-ish years of investing in bitcoin, since mistakes tend to be made, and then hopefully the mistakes don't end up getting too many newbies into some kind of a wrong mindset and into ongoingly poor and/or inferior practices that contribute towards his not making adequate/sufficient progress. and then guys who are not making adequate/sufficient progress, they will change their plans out of frustration and/or lack of patience, since so many guys have difficulties resisting either their temptations to either get rich quick or to treat themselves prior to their bitcoin stash sufficiently/adequately maturing.

Accordingly, if guys lock themselves into believing that they are going to be rich as fuck after 10 or 12 years, then they are likely lacking in flexibility since it surely is likely the case that there needs to be some abilities to continue to invest or even adjust timelines in order to make sure that they do not get into a situation where they are not selling too much BTC too soon and/or failing to continue to accumulate bitcoin when they should be ongoingly, persistently, consistently, regularly and perhaps even aggressively accumulating bitcoin.

Yep! that’s right. Let em know that bitcoin accumulation is less about obsessing over the idea that they will become rich from holding bitcoin till a particular timeline. Certainly it is more about being consistent with their investment, adapting to changes in the market, and staying in the game long enough for their asset compounding to actually mean anything significant.
The idea that a person can become rich from bitcoin after holding it for 10-ish years is not a realistic scenario for most people as they could be dealing with various issues that could make them not to invest as much as they planned to.

[SPIDERMAN008]

The perfect time to start Bitcoin investment is not when someone realize he or she is generating regular discretionary income because your discretionary income can not be regular if you don't have a regular source of income and in Bitcoin investment a regular source of income is not really a criteria an investor should meet before starting his or her Bitcoin investment but as long as they can get a discrestionary income from whatever source of income they have it is more than enough to start their accumulation.

I don't understand what you are really trying to say. You are first saying that the right time to start investing in Bitcoin is not when someone realizes that he is generating regular discretionary income. After that, you are again saying that after meeting the necessary expenses, if one can set aside some discretionary income, then that is enough to start Bitcoin accumulation. If you talk like this, newbies may misunderstand. It is mandatory to have discretionary income for investment, whether it comes from regular income or irregular income. Because if you want to continue investing in Bitcoin for a long time, it will not be possible to invest with the required amount of money.

[GIF-JOBS]

That's right, and this is what I mean. I say that because we have to think about ourselves as individuals so we don't hinder our basic goal, which is to start investing by accumulating Bitcoin when the price is favorable for us namely a market decline.

I don't think waiting for a dip in price is a good strategy for those that are trying to accumulate bitcoin for a long term, because why waiting for a dip in price can make you lose opportunity to accumulate bitcoin. We also have to realize that sometimes the dip does not come, rather it keeps increasing,  so if you had accumulated when you should have, you should be in profit. Waiting for a dip in price will.be better for those that have already achieved their target in the accumulation of bitcoin, then it's okay for you to wait for a dip before purchasing.

It's true, but this is my goal for beginners who sometimes have very limited income but instead of choosing to save in the bank it's better to buy Bitcoin even if it's a relatively small amount but they do it with a consistent attitude.

It is true what you said but this is the understanding for those who have unstable finances or income but want to invest in Bitcoin that's why I said something like that rather than forcing themselves to do it but there is nothing they can enjoy on the needs that are things to survive and for those who have been involved here for a long time and have income from more than one source it is certainly wrong for those who invest in Bitcoin to wait for a price drop and that is purely wrong because they are sufficient if they do it without seeing or waiting for a new decline to buy Bitcoin because this is also to anticipate not being greedy in buying especially when the price drops maybe this is an opportunity to collect the number of assets and things like this are actually a momentum for those who often make purchases when the price is still stable so that occasionally a price drop like this becomes an opportunity that cannot be wasted by those who usually do it without seeing the price whether it is increasing or decreasing what is clear is that they always prioritize buying when they are the time to make a purchase.

The perfect time to start investing in Bitcoin is when an investor realizes that he is generating regular discretionary income. Then the price of Bitcoin does not matter. But here many people make a mistake, which is to save money for their necessary expenses or their entertainment expenses and invest. A person will invest in Bitcoin so that he can be financially secure in the future. But I do not think that it is worthwhile to invest in Bitcoin by sacrificing his current beautiful life. First, you have to ensure your personal life and fulfill all the responsibilities of the family. After that, if you have extra money left, you should start investing in Bitcoin with the mindset of long-time holding.

If beginners compare their income and expenses and calculate exactly how much money they have saved up to act as a backup fund, they will likely continue to learn as they work. This includes the initial stage of where they will start collecting their coins, assuming they have extra money. When a person starts buying something like Bitcoin, there is an ongoing learning process. Whether they buy on a weekly basis or set some other time frame for buying. They have a likely plan that they will start slowly and get used to buying Bitcoin on a weekly basis.

[Crytohillss]

The perfect time to start Bitcoin investment is not when someone realize he or she is generating regular discretionary income because your discretionary income can not be regular if you don't have a regular source of income and in Bitcoin investment a regular source of income is not really a criteria an investor should meet before starting his or her Bitcoin investment but as long as they can get a discrestionary income from whatever source of income they have it is more than enough to start their accumulation.

I don't understand what you are really trying to say. You are first saying that the right time to start investing in Bitcoin is not when someone realizes that he is generating regular discretionary income. After that, you are again saying that after meeting the necessary expenses, if one can set aside some discretionary income, then that is enough to start Bitcoin accumulation. If you talk like this, newbies may misunderstand. It is mandatory to have discretionary income for investment, whether it comes from regular income or irregular income. Because if you want to continue investing in Bitcoin for a long time, it will not be possible to invest with the required amount of money.

I think the opinion being made here is that the trigger to begin learning about or considering Bitcoin doesn't necessarily have to be steady income itself, what really matters is having money left after covering essential expenses whether that plenty comes  a steady salary, a business , freelance work or any other means that's what can be allocated to investment,
funds available, it becomes difficult to maintain a sustainable investment strategy. The key distinction is between having a source of income and having investable surplus after meeting your financial obligations.

[Adams0001]

To start investing in Bitcoin, we need discretionary funds and if we want to invest in Bitcoin every week then we need to maintain discretionary funds. Which is the money left over after meeting our expenses. We will probably need more money to continue investing in Bitcoin but we can start investing in Bitcoin with just discretionary funds. There may be people who work irregularly but when they work, they may earn good money and there may be people who are going from one job to another and every such person has discretionary funds to start investing in Bitcoin. Many people emphasize on stable income and say that one has to be very organized before starting investing in Bitcoin. There are not many conditions imposed on starting investing in Bitcoin. And it is certainly important to start investing in Bitcoin but at the same time the amount of extra money that everyone has can be different. Especially if their income and spending situation is unstable.

In anything we’re going to do we need to have capital and invest what you can afford to lose because bitcoins is different from other coins and if you don’t have experience you will always struggle in your investment journey and things won’t go well in your investment. To start your journey in bitcoin Is better you have another source of income like getting a better job that you can used the money and invest because if you don’t have another you will always find it difficult to succeed because when the price didn’t go well you can start to be scare of losing your money and is good to used DCA method when investing in bitcoin that will minimize your risk and your investment can go well.

[Dreadboost]

While the DCA serves as the best strategy for beginners to begin there accumulation process in Bitcoin investment,  it also serves and still remains the best for me even for any kind of investor or there level. You know, while you accumulate Bitcoin gradually and/consistently,  it doesn't stop you from buying from the DIP, or buying a lump sum if you have the financial ability to do that, or you have saved up some extra cash for such buys. So, wether we are able to combine the Dip and the DCA, or the DCA and lump sum, whichever way, the DCA remains the best and easy to go strategy to accumulate Bitcoin and investors must know rhis

I also agree with what you said concerning DCA strategy.  I also agree that it's the best way to accumulate bitcoin,  because it helps you do it on a budget and also allows you to be consistent in your accumulation of bitcoin. I really don't support mixing of strategy,  but I also think you can utilize opportunity when there is a dip in price, so you can buy more, but you should not use it as a strategy,  that you have to wait for a dip in price before buying.

[Joeboy]

~snip~

Yep! that’s right. Let em know that bitcoin accumulation is less about obsessing over the idea that they will become rich from holding bitcoin till a particular timeline. Certainly it is more about being consistent with their investment, adapting to changes in the market, and staying in the game long enough for their asset compounding to actually mean anything significant.
The idea that a person can become rich from bitcoin after holding it for 10-ish years is not a realistic scenario for most people as they could be dealing with various issues that could make them not to invest as much as they planned to.

At some point in our invesment, folks could tend to fill their head up with the idea that they woild eventually be profitable the more they keep holding.... And no doubt, long term investment is always a better option when compared to short term trading, as it usually tend to place folks in a much more better position, but even at that, folks shouldn't neglect the fact that profits are never a guarantee even when they hold for longer term duration of say 10years... And that's majorly why the usage of discretionary income for our long term investment should never ever be neglected..

[JayJuanGee]

Buying the DIP only works well when you are adding it to another accumulation strategy. if you are investing using the DCA method, while buying, you can still buy the DIP and even if it takes a longer period of time for a DIP to happen, you are at least sure that you are not wasting time or procrastinating on your investment.

For DCA strategy, it is not necessarily relevant with the dip because it involves a series of consistent accumulation regardless of the current market price but it is best to accumulate more during the dip while waiting for an upturn or a reversal.

There is no reason for guys to save extra money for buying the dip rather than just using that money to buy regularly.

Sure, maybe if they receive some extra money, then they can consider it within the three buying categories of 1) buying right away, 2) defer by time (dca) and/or 3) defer by price (buy dips that might not happen).

Each individual is free to determine how aggressive that he wants to be, and waiting does not seem to be a very aggressive or focused approach, even though you are trying to proclaim waiting to be a better approach, when it just seems like someone who lacks confidence and/or focus.

An investor that wants to attain his investment goal will not engage in an act that has the potential of delaying him or preventing him from getting to his investment goal. theoretically,  buying the DIP looks really perfect but in practice, it is worthy of causing serious delay in the attainment of an investors goal.

How does buying the dip affect or delay an investors goal to acquire more profits?

There is no need to focus on profits, it seems like a distraction.

And, yeah guys who wait may or may not end up buying bitcoin as compared with the guys who stay focused on buying every week, so he may well be left with less bitcoin in the long run... and also another thing about profits that does not matter is that it is likely more empowering to end up with more bitcoin rather than fucking around taking profits before the bitcoin investment even matures.

For an investor, it is investment rather than trading so there should at some point be the consciousness that bitcoin rewards the patient investors and not panic sellers.

If you were bringing up profits, then it seems that you may be thinking about selling your bitcoin, no?

With bitcoin, it is almost certain that there would be an upturn after a dip, which gives the investors the room for better accumulation.

So?   What if the price doesn't dip?  And what is wrong with buying bitcoin every week?  Sure maybe the exact dip won't be caught, but is there really a big diffference between buying $200 of bitcoin at $63,300 or $61,200?  especially after 10 years or more of accumulating bitcoin on a weekly basis?

[edited out]

If I may get you clearly the Investor have to continue accumulating then when there is dip he can take the advantage and accumulate more, even though you are willing to take advantage of dip where will that money comes from if discretionary income is usually available at weekend or month ending, an eventually the dip occur at the middle of the week how will you have the money to take the advantage at that particular moment.

Based on my own understanding I will just assume nothing happened in time of price so that I will not be distracted with my investment, this can only happen if you have a lump sum but it have to fall under discretionary income so that it cannot be affected in the process of investing.

You are mixing up lump sum and buying the dip?

Sure  a person who is saving to buy the dip might have money that is building up and he is holding for buying the dip that may or may not happen, but the mere fact that he is holding a bunch of money, that does not cause it to be "lump sum" investing, since he is merely focusing on buying the dip, so it is buying the dip money that he is saving up.

[edited out]

Overthinking risk can sometimes stop individuals from taking action, especially when the opportunity is clear however I think the goal isn't to ignore risk completely but to avoid letting them become an excuse for inactions every investment Carrie's some level of risk including Bitcoin and understanding those risks help s one to make better Dec for beginners or individuals with unstable income a caution approach is understood building knowledge and investment what they can afford over time may be more sustainable than the rushing in.

It seems one of the better ways to deal with risk is to invest no more than you can afford to lose, so in that respect, the most that you are able to lose is 100% of what you had put into bitcoin.  On the other hand, there are possibilities that the BTC could end up going up rather than down.

And sure, at the same time that a newbie might be buying bitcoin on a weekly basis, the amount invested is adding up, and it seems to be a reason to be motivated to study bitcoin and also to study cashflow management so that a good mindset is built and good practices are followed.

[edited out]

So DCA is not about creating investments through market control, rather a strategy that building a portfolio on a avarage price over time.

I doubt that I have a goal to get bitcoin at an average price, but instead I would rather get bitcoin at as cheap a price as I can, yet the problem is that none of us knows which way the BTC price is going to go at any point in time, so it is likely better to just ongoingly accumulate bitcoin, even though the result is getting bitcoin at an average price...

and at the same time, some guys have goals to focus on accumulating bitcoin rather than focusing on BTC prices, and in the longer run, especially if they may well be planning to be in bitcoin for 4-10 years or more, then they may well anticipate that the odds are decently high that the BTC prices are going to gravitate upwardly, and they are likely going to be in a better position (even accounting for the ongoing debasement of the dollar) to have had been buying bitcoin rather than not buying bitcoin. In other words, in the longer run of 4-10 years or more the price is likely to end up working itself out so that the average buy price is way lower than the BTC price over the passage of such time of 4-10 years or longer.

[edited out]

The DCA strategy happens to be the most suitable method for buying bitcoin especially for those that are still new to bitcoin investment. Those that have low discretionary income may be finding it difficult to lump sum, so with the DCA strategy it becomes possible for them to start investing using any amount of discretionary income that they may have available. Also the stress of always trying to time the market to get a perfect entry point isn't there with the DCA strategy. An investor can buy bitcoin at any price without having to wait for a price decline before buying. For this , the DCA strategy should be recommended to all beginners and those that may like to start out small.

With DCA, newbies can start out small or large, and DCA is not necessarily only for newbies, even though it works quite well for newbies to build good habits of buying bitcoin regularly, persistently and consistently.  DCA also works for more experienced investors.  One of the great things about DCA is that it can be adjusted to the level of the investor's preferences as money comes available and also as their preferences might change from time to time when they are balancing out other expenses that they have that might even vary from week to week.

[Sulegzy39]

In my opinion Lump sums outperform DCAs in terms of profit, but only if you time the market correctly, which is frequently an issue because timing the market accurately is difficult most of the time. So it's better to DCA regularly than try to time the market, which usually fails. DCA provides piece of mind because you do not rush to buy (FOMO) or panic sell when prices fall. It's similar to an automation bot that buys when prices spike or fall.

When you start waiting for a specific price, you're no longer performing DCA; you're a market timer. There is nothing wrong with market timing; the concern is that you may miss out on dips that never appear or freeze when the drop does occur.

[Showlove01]

While the DCA serves as the best strategy for beginners to begin there accumulation process in Bitcoin investment,  it also serves and still remains the best for me even for any kind of investor or there level. You know, while you accumulate Bitcoin gradually and/consistently,  it doesn't stop you from buying from the DIP, or buying a lump sum if you have the financial ability to do that, or you have saved up some extra cash for such buys. So, wether we are able to combine the Dip and the DCA, or the DCA and lump sum, whichever way, the DCA remains the best and easy to go strategy to accumulate Bitcoin and investors must know rhis

I also agree with what you said concerning DCA strategy.  I also agree that it's the best way to accumulate bitcoin,  because it helps you do it on a budget and also allows you to be consistent in your accumulation of bitcoin. I really don't support mixing of strategy,  but I also think you can utilize opportunity when there is a dip in price, so you can buy more, but you should not use it as a strategy,  that you have to wait for a dip in price before buying.

Like I always say the DCA is a good method of accumulating Bitcoin but the DCA is not what make investors to be consistent in their Bitcoin accumulation but rather what makes an investor to be consistent is their discretionary income and their level of commitment and dedication. You will agree with me that there are investor who uses he DCA method but they are not consistent reason because they are not committed, they are not determined and they are not dedicated etc.