Buy Buy Buy or Sell Sell Sell?

[Agbam]

Guys might not be sufficiently serious about buying and/or investing into bitcoin if they cannot figure out ways to buy bitcoin every week.  Sure, they can invest on a more delayed timeline, yet it seems that they should be able to figure out how to invest more frequently, including weekly, especially if they are trying to be serious about building their bitcoin holdings.

Yes, I support that buying weekly is better and more beneficial in building a bitcoin portfolio than buying monthly or any other time period but I also do not think that those who buy monthly are not serious investors.

Some investors may prefer to just buy once the discretionary income is available because if they try to split it to be able to buy weekly they might end up not using it as intended before the month runs out or it could be any other reason why they’ll want to, it’s at their discretion and pace, there’s no pressure.

What’s important is that they remain consistent and disciplined enough to never falter from their plans.

You are correct, that in the end, each person has to figure out his balance in buying bitcoin and his priority, and he can be whimpy about buying bitcoin, aggressive, or some stage in between.

I understand that there are even guys who struggle to generate discretionary funds and/or struggle to get their discretionary funds up to a high enough level so that they are able to invest into bitcoin, and at the same time, bitcoin is an important and serious investment that warrants whatever attempts that guys can make to increase their bitcoin investment and to put priority to their bitcoin investment.

Sure, I generally suggest that guys can invests as much as they are able to, and I even provide a decently large suggested range of 5% to 25%, and I understand that many normal people struggle to save and/or invest 10% of their income on a regular basis, yet at the same time, since there should be a priority in investing into bitcoin, serious guys in bitcoin should be striving to figure out how they can improve their situation (and/or prioritize) to invest 10% to 15% or more of their income into bitcoin as much as they can. .. and anyone investing 10% or more of their income into bitcoin, should be able to figure out how to buy bitcoin weekly rather than monthly or anything longer than weekly.

Yes it’s true, I agree that the more serious guys will find ways to improve their discretionary income to be able to invest weekly and consistently because bitcoin will be a top priority, and it should be for everyone getting into bitcoin investment because there are many advantages of bitcoin over other investments when measured in the long term.

Your suggestions are 100% valid and relatable to the larger population of investors. The range of 5% to 25% is pretty doable by all, everyone just have to find their range and work on improving it.

[Obulis]

The prediction isn't a reason for folks who lack emergency finances not to begin purchasing bitcoin once their free time is available. Emergency funds is a vital aspect of a purchase, no question, but possessing zero essential funds shouldn't be an excuse to put off getting began with buying bitcoins. It isn't essential that you possess emergency resources for beginning investing in bitcoins for consumers.

First and foremost, newcomers can invest in bitcoins only if they have access to disposable income, and they may create funds for emergencies along the way. They can also do it side by side while purchasing bitcoins, using a portion of their disposable income to accumulate bitcoin and distributing the rest to create funds for emergencies.

Waiting to have emergency funds first before starting to buy Bitcoin will likely lead to missed buying opportunities like those who wait for the before buying.
Now to think of, how much emergency funds will you keep before you start buying? This question gives all the answers which the fact that emergency funds must not be piled up before you start buying Bitcoin since it's something that you can keep keeping as you keep buying Bitcoin.

[Derekfunds]

Waiting to have emergency funds first before starting to buy Bitcoin will likely lead to missed buying opportunities like those who wait for the before buying.
Now to think of, how much emergency funds will you keep before you start buying? This question gives all the answers which the fact that emergency funds must not be piled up before you start buying Bitcoin since it's something that you can keep keeping as you keep buying Bitcoin.

Well, there is nothing actually wrong if someone have emergency funds at same time with their discretionary income i mean this can be very cool and perfect and I believe some people do have these funds before starting their Bitcoin investment and this is always as a result of the kind of income they have but it will be lack of knowledge for someone who don't have same source of income to think of having these two funds before they can start their investment and while investing one should not look at what others are doings because they can be distracted by greed or something.

[Charcol]

Long term investment won’t teach you any patience if you don’t already have patience and discipline in your life as a quality, prior to the time of investing in bitcoin. Not everybody has patience as a quality in life, you will be whom you are after investing in bitcoin. Investing in bitcoin won’t just transform an impatience  man to a patient man.

Patience is something that can really be developed through experience and and a personal quality, cause you won’t expect an impatient person to just invest in Bitcoin and automatically makes the person patient. But following up with a long term plan can help out to control one’s urge to want to react to every price movement.

Given an example, someone can decide to start up with a short term plan but on the long round, he will realize that this buying and selling is not really working out for him. Than will want to find an approach that fit his goal than stick to a strategy. With time you will see that they gradually develop more discipline. So you will see that the experience itself teaches also, so we shouldn’t basically say that patience must have to be in an existence before anyone start to invest.  

If you don't already possess patience and discipline in your life before investing in bitcoin, long-term investing won't teach you any of these traits. You will become the person you are after investing in bitcoin; not everyone is patient. A man who is impatient won't simply become patient by investing in bitcoin. Because of this, some people will tell you that they can't keep their bitcoin for very long. This isn't because they dislike the idea, but rather because they don't have the patience or self-control to do so.

Investing in bitcoin will not change this overnight. They may be able to hold out for a few weeks or months at first, but in the long run, their inherent quality will always prevail. So, before investing in bitcoin, prospective investors should understand their own strengths and weaknesses.

While Bitcoin may not make anyone patient overnight, investors learn to adapt to market fluctuations gradually by following a plan of buying small amounts regularly after meeting all expenses with discretionary income. The problem is not with investing, but rather with not having a plan in place for investing.

If someone enters with a quick profit, uses the money they need, and is afraid of the price dropping, they will probably sell within a few weeks. But if you determine in advance through proper planning that this money is not for long-term use, sets aside urgent expenses, and does not make decisions based on price fluctuations, then that rule can train your behavior. Therefore, potential investors need to know their own weaknesses, but knowing those weaknesses is not the only solution to staying away from investing.

[ChocolateBitcoinK]

There is no need to try to understand all this before starting investment. The first step that needs to be taken is to start investing. After starting investment, a person should focus on how he can be patient etc. Because as soon as he realizes that he cannot be patient for a long time, he may refuse to invest, so it is necessary to start investing and after starting investing, it is necessary to focus on how he can be patient.

When a person has too much expectation on the market, no matter how patient he is, he cannot hold on for a long time. Because the market does not move according to his expectations, he becomes disappointed and fails to hold on for a long time. Not having any expectation from the market is the best decision.

When starting an investment, it is necessary to have at least a basic understanding of the risks and capabilities of the investment. If an investor knows in advance that there may be major fluctuations in the market, it is easier to be mentally prepared for that situation. If, after seeing a big decline in reality, he realizes that it is not possible for him to tolerate such a risk, then there may be a possibility of panic selling.

It is more important to avoid unrealistic or short-term expectations. If you have set your goals and capabilities before investing, it is relatively easier to make decisions even if the market does not move as expected. It is not only how quickly you start investing, but also how you control the risk and maintain that investment.

[MusaPk]

While Bitcoin may not make anyone patient overnight, investors learn to adapt to market fluctuations gradually by following a plan of buying small amounts regularly after meeting all expenses with discretionary income. The problem is not with investing, but rather with not having a plan in place for investing.

If someone enters with a quick profit, uses the money they need, and is afraid of the price dropping, they will probably sell within a few weeks. But if you determine in advance through proper planning that this money is not for long-term use, sets aside urgent expenses, and does not make decisions based on price fluctuations, then that rule can train your behavior. Therefore, potential investors need to know their own weaknesses, but knowing those weaknesses is not the only solution to staying away from investing.

The price fluctuation of Bitcoin make it difficult for a person who is new to Bitcoin to hold it for long term. There are many things which we understand about Bitcoin only once we start investing in Bitcoin. We constantly here write about emergency funds, discretionary income and stuff like that but someone who is very new to Bitcoin won't understand the importance of these terms unless he start investing in Bitcoin. The best way to learn about details of Bitcoin investment is to start investing in Bitcoin.  

[Cyber_warrior]

There is no need to try to understand all this before starting investment. The first step that needs to be taken is to start investing. After starting investment, a person should focus on how he can be patient etc. Because as soon as he realizes that he cannot be patient for a long time, he may refuse to invest, so it is necessary to start investing and after starting investing, it is necessary to focus on how he can be patient.

When a person has too much expectation on the market, no matter how patient he is, he cannot hold on for a long time. Because the market does not move according to his expectations, he becomes disappointed and fails to hold on for a long time. Not having any expectation from the market is the best decision.

When starting an investment, it is necessary to have at least a basic understanding of the risks and capabilities of the investment. If an investor knows in advance that there may be major fluctuations in the market, it is easier to be mentally prepared for that situation. If, after seeing a big decline in reality, he realizes that it is not possible for him to tolerate such a risk, then there may be a possibility of panic selling.

It is more important to avoid unrealistic or short-term expectations. If you have set your goals and capabilities before investing, it is relatively easier to make decisions even if the market does not move as expected. It is not only how quickly you start investing, but also how you control the risk and maintain that investment.

You are both right, you really don’t need to know much before going into Bitcoin investment, you just need to know that you need to invest with your discretionary income. Then after getting that right, you can start investing and be learning about Bitcoin investment as you are investing. The thing is there are people who will delay their investment because they want to learn everything, and the end, they will end up not investing.

So learning about patience, discipline and holding for a long time are the basics to learn along side getting a discretionary income. To have a successful investment, you need to be patient and disciplined not to sell your holding at a giving opportunity. Build your emergency and reserve funds as well to protect your Bitcoin investment.

[Rabata]

if someone is the type that makes huge amount of money every two to three days, they can decide to be accumulating in this days they do make money so it is not limited to weekly, monthly etc.

I think weekly DCA is ok than daily because of the stress attached to it and you might think that you don't need money tomorrow after buying today, something pops up and you don't have float on ground to take care of that unplanned expenses. With weekly DCA, you can properly organize your income and know how much from your discretionary income you can use to buy bitcoin at that week.

 There's nothing bad if you are getting daily income, you keep them for one figure and figure out how much is your discretionary income from it. Daily DCA isn't realistic and comes with stress.

I think your DCA should be decided by when you pay for your basic needs. If your basically needs like light bills, water bills, food and so on is being sorted weekly, then your accumulation can be weekly, and if it monthly then your accumulation can be monthly as well. We are investing with our discretionary income and we can only have that after we have spend on our needs.

So it doesn’t matter if you are earning so much every 2 or 3 days, the main thing is when do you sort your bills. Our need should be our priority before anything else. So daily DCA will definitely be impossible to do, because we might end up investing  part of our needs finances.

When it comes to investing, it is important to set aside money to cover your essential expenses first. But it can be unreasonable to have a rule that says, “You can’t buy every day” or “You have to buy every week.” You know that not everyone’s income comes at the same pace. Some people earn every day, some every week, some every month. I think the real question here is not a specific schedule, but how much money can really be set aside for the long term after setting aside essential expenses, an emergency fund, debt pressure, and discretionary income. I think even a person who gets a monthly salary can divide their discretionary income into four parts at the beginning of the month and buy weekly. Again, for people who earn daily income, buying every day is not always good. Because you certainly don’t want to get into the trouble of buying small amounts repeatedly. Moreover, it can also increase the burden of fees and accounting. That is why buying weekly may be realistic for many, but it is not a mandatory rule for everyone.

[Joeboy]

Waiting to have emergency funds first before starting to buy Bitcoin will likely lead to missed buying opportunities like those who wait for the before buying.
Now to think of, how much emergency funds will you keep before you start buying? This question gives all the answers which the fact that emergency funds must not be piled up before you start buying Bitcoin since it's something that you can keep keeping as you keep buying Bitcoin.

@Obulis, emergency happens to roughly a large percentage of the world's population regardless of who you are and what you do...And so emergency funds isn't really peculiar to just Bitcoin investment/investors...Infact the truth about it is that emergency funds is important in our everyday lives since emergency situation is something that happens without folks having control over...To me though it is not really bad if folks decide to keep an emergency fund prior to their investments journey... However when doing so, they should ensure that such approach dosen't affect/or delay them from kickstarting their investments journey... Then again it is all about finding the right balance and then doing what you feel would actually work for you while ensuring that you are never placed in a situation where you would be left with no other option other than to deplete your Bitcoin portfolio..

[Sammysmart001]

Waiting to have emergency funds first before starting to buy Bitcoin will likely lead to missed buying opportunities like those who wait for the before buying.
Now to think of, how much emergency funds will you keep before you start buying? This question gives all the answers which the fact that emergency funds must not be piled up before you start buying Bitcoin since it's something that you can keep keeping as you keep buying Bitcoin.

@Obulis, emergency happens to roughly a large percentage of the world's population regardless of who you are and what you do...And so emergency funds isn't really peculiar to just Bitcoin investment/investors...Infact the truth about it is that emergency funds is important in our everyday lives since emergency situation is something that happens without folks having control over...To me though it is not really bad if folks decide to keep an emergency fund prior to their investments journey... However when doing so, they should ensure that such approach dosen't affect/or delay them from kickstarting their investments journey... Then again it is all about finding the right balance and then doing what you feel would actually work for you while ensuring that you are never placed in a situation where you would be left with no other option other than to deplete your Bitcoin portfolio..

Here balance point is very important, emergency funds aren’t just useful only for Bitcoin investors but they’re very important for everyone. This because unexpected expenses a come up for anyone at any time.
And also they don’t have to be a rule for everyone.

Anyone can decides to start investing with a little part of their discretionary income while building up their emergency funds same time. What really matters is not having to put in the money you will be need soon into bitcoin. So to prevent unexpected expense to force you to sell out your Bitcoin at a very wrong time.