Buy Buy Buy or Sell Sell Sell?

[Ishicryptic]

It’s not a good plan for brand new investor to be keeping money aside with the intention that they will use it to buy aggressively in a dip that they don’t know if it will happen or not. It is better they use that discretionary income and focus on consistent and regular DCA buy to gradually build a strong portfolio. 

It's an act of irresponsibility for a brand new investor to be talk about buying the dip when he is way behind in accumulation. What such investor should be doing is what you have already stated very clearly here, which is constant buying and accumulating Bitcoin irrespective of it current price, because at that stage of his investment, building a reasonable stash of Bitcoin should be his greatest concern, not by waiting for a dip that may not come, because if he can be buying consistently without paying attention to the price, in no distance time he will accumulate a reasonable stash of Bitcoin that will position him to be successful with his investment if Bitcoin can go as high as a million dollars or more in the future.

What you don't know is bigger than you, why I'm saying this is because most of us that makes posts on this thread knows better than many newbies, perhaps if we were in their shoes we might also be having their mindsets of waiting for dip which we don't know for how long to wait. Although we don't need to have all the Bitcoin network and market knowledge before starting as investors but basic knowledge of what we are talking about here is essentially. Most of us knows that basically what we need to start buying and hoding Bitcoin is discretionary funds and there is no specific or universally accepted amount that we have to start with, even for the low income earners they can buy $5 worth of sat periodically until they can afford to buy more. So if you can afford discretionary funds you can afford to be a Bitcoin investor

[IceLincoln]

I am completely new here. I came here because of my interest in investing in Bitcoin. To be honest, I have already used some money I have to buy some Bitcoins at one time. Now I have no cash outside of my emergency fund but I want to grow my Bitcoin portfolio. So while searching for how to grow my portfolio, which investment method is best for me, I came across this thread. I have read at least ten pages where every user is acknowledging DCA as an important investment method. Yes, I too understand the importance of DCA. Since I have discretionary income on a monthly basis, I will probably follow the DCA method for investing from now on. Since investing in the DCA method will not put a big strain on my finances, I think it will be the best investment method for me. But if I prepare a separate fund to aggressively buy 10% of the amount I will use to invest in Bitcoin when the price drops, will I get a different benefit for growing my portfolio? I think this approach could work for me as well. On the one hand, DCA is being invested in, on the other hand, funds are being created for aggressive buying, perhaps using these funds to add additional Bitcoin to the portfolio when the opportunity arises.

Yes, it can be a good plan. But make sure that you have a healthy emergency fund in the beginning otherwise you will not be able to maintain your Bitcoin portfolio.
One more thing to remember is that since you have purchased Bitcoin once and are trying to grow your Bitcoin portfolio, never invest in Bitcoin from your discretionary income. Never use the funds you need to meet your needs for investment. You may think that your emergency fund has been there for a long time and the price of Bitcoin has decreased so you can use it to buy Bitcoin. But we never know when an emergency will arise in people's lives.
So be careful and invest in Bitcoin in the right way. Read the opinions of experts. You can follow JJG sir because most of what he has given about investment is the right way to invest.

Bluedrem are you seriously giving out bad advice to a beginner or these are just mistakes?.
Discretionary income is from where we make our investments, save for our backups and discretionary spend, I think this one might be a mistake from you cos you’ve been here long enough to know this.
It’s not compulsory to have a substantial emergency fund at the beginning, because saying he should have a healthy emergency fund may make him want to wait till he has built a sufficient emergency fund before starting.
As long as his discretionary income is available he can start buying and building his emergency and other backups alongside.

[Halifat]

There is actually nothing wrong with buying the DIP, as long as you are doing it with your discretionary income then you should take advantage of any opportunity that presents itself to you for you to buy more for less, the problem is that people just don't buy the dip, they wait for a DIP to happen first before they buy, because while they are wait for a dip to happen then are missing other buying opportunities that the DCA would have been useful.

You are at point, as long as you are not waiting for the dip happened first and you are buying with your discretionary income there is nothing wrong with it, I think this should be easy for people to understand. The dip is a good buying opportunity because those with much reserve funds or more discretionary income could actually take advantage of the dip and buy more BTC, the only way i condemn the dip is when people start waiting for it as this will actually be useless because they are waiting for what that is not certain to happen.

I don't just know I feel so annoying when I see people waiting for the dip because then themselves cannot even specify whether it is going to happen or not, but maintaining your DCA strategy will give you a very smooth and consistent accumulation of Bitcoin. Honestly a lot of people have the ability to take advantage of dip but some people usually have that intention thinking that they can be able to accumulate more, quite right yes but you must have a sufficient income so that you can be able to be building it by not depending on the dip.

[sotelorene]

I don't just know I feel so annoying when I see people waiting for the dip because then themselves cannot even specify whether it is going to happen or not, but maintaining your DCA strategy will give you a very smooth and consistent accumulation of Bitcoin. Honestly a lot of people have the ability to take advantage of dip but some people usually have that intention thinking that they can be able to accumulate more, quite right yes but you must have a sufficient income so that you can be able to be building it by not depending on the dip.

Why will you be annoyed on someone's decision and choice that doesn't affect what you do in anyway? and to be honest you are wasting your time feeling annoyed, the only thing you will have to do is Inform or advise them on what is right and then leave them to decide for themselves. Lastly, you don't necessarily need any sufficient income before one can be able to invest or build their portfolio what you need to build or invest is a discrestionary income and this can be gotten from both sufficient and insufficient income depending on your needs or expenses.

[Halifat]

Why will you be annoyed on someone's decision and choice that doesn't affect what you do in anyway? and to be honest you are wasting your time feeling annoyed, the only thing you will have to do is Inform or advise them on what is right and then leave them to decide for themselves. Lastly, you don't necessarily need any sufficient income before one can be able to invest or build their portfolio what you need to build or invest is a discrestionary income and this can be gotten from both sufficient and insufficient income depending on your needs or expenses.

The reason why I always got annoyed is because those people claim to be an investor which they are not and that is why they keep on delaying others moreover there are people who are seeking advice from them. Bitcoin investment must be a very long term investment if really that particular person want to be addressed as an investor, because I don't believe a real investor we want to wait for the dip before they can start investing or continue accumulating.

I am not saying that you most have a sufficient source of income before you start investing, but when it comes to building a bitcoin portfolio, for someone to realize their discretionary income, it's simply shows that they have to be consistent in building themselves so that their investment can be going without any challenge.

[YUriy1991]

I don't just know I feel so annoying when I see people waiting for the dip because then themselves cannot even specify whether it is going to happen or not, but maintaining your DCA strategy will give you a very smooth and consistent accumulation of Bitcoin. Honestly a lot of people have the ability to take advantage of dip but some people usually have that intention thinking that they can be able to accumulate more, quite right yes but you must have a sufficient income so that you can be able to be building it by not depending on the dip.

In my opinion everyone has the right to forecast Bitcoin in market price and wait for the optimal entry point. Perhaps some intend to invest a large amount of capital leading them to wait for the perfect moment such as during a bearish market to make their purchase. A DCA strategy is indeed an excellent approach for consistently acquiring smaller incremental amounts of Bitcoin given the current state of the market, it allows for purchases at a relatively stable price point. That said we should also respect the strategies of others who prefer to wait for what they consider the right moment to enter the market.

[ruykeri]

I don't just know I feel so annoying when I see people waiting for the dip because then themselves cannot even specify whether it is going to happen or not, but maintaining your DCA strategy will give you a very smooth and consistent accumulation of Bitcoin. Honestly a lot of people have the ability to take advantage of dip but some people usually have that intention thinking that they can be able to accumulate more, quite right yes but you must have a sufficient income so that you can be able to be building it by not depending on the dip.

Many people have the ability to buy bitcoin on  dip, but the problem is that it is impossible to know which is the perfect dip. It cannot even be predicted in any way. There is no guarantee that a person will be able to take advantage of a drop in the price of bitcoin. Because sometimes the price of bitcoin does drop, but the person who was waiting to buy bitcoin at a low price keeps waiting even longer in the hope that the price may not drop further. As a result, he does not get the opportunity to buy bitcoin. Because if the price of bitcoin starts rising again, he loses the entire opportunity. But those who do not have discretionary funds should not even think about buying bitcoin on dip with needed money. Because it is very risky. The most important thing for a new bitcoin investor is to first build his bitcoin holdings and improve his cashflow management over time. If you can invest in bitcoin in this systematic way, bitcoin can provide financial security in the long run.

[Fara Chan]

In my opinion everyone has the right to forecast Bitcoin in market price and wait for the optimal entry point. Perhaps some intend to invest a large amount of capital leading them to wait for the perfect moment such as during a bearish market to make their purchase. A DCA strategy is indeed an excellent approach for consistently acquiring smaller incremental amounts of Bitcoin given the current state of the market, it allows for purchases at a relatively stable price point. That said we should also respect the strategies of others who prefer to wait for what they consider the right moment to enter the market.

The problem is that the right moment doesn't always exist and it's not easy to find it under any circumstances. While this may sound good for people looking to buy large amounts of Bitcoin, if those people already know about the DCA strategy, they certainly don't need to waste time waiting for it to happen. The best time to start buying is when they are ready for all the conditions and have the capital they can immediately use. And now Bitcoin isn't rising significantly, so anyone who wants to buy a certain amount can do so immediately without hesitation.

[Grease5000]

I am completely new here. I came here because of my interest in investing in Bitcoin. To be honest, I have already used some money I have to buy some Bitcoins at one time. Now I have no cash outside of my emergency fund but I want to grow my Bitcoin portfolio. So while searching for how to grow my portfolio, which investment method is best for me, I came across this thread. I have read at least ten pages where every user is acknowledging DCA as an important investment method. Yes, I too understand the importance of DCA. Since I have discretionary income on a monthly basis, I will probably follow the DCA method for investing from now on. Since investing in the DCA method will not put a big strain on my finances, I think it will be the best investment method for me. But if I prepare a separate fund to aggressively buy 10% of the amount I will use to invest in Bitcoin when the price drops, will I get a different benefit for growing my portfolio? I think this approach could work for me as well. On the one hand, DCA is being invested in, on the other hand, funds are being created for aggressive buying, perhaps using these funds to add additional Bitcoin to the portfolio when the opportunity arises.

Yes, it can be a good plan. But make sure that you have a healthy emergency fund in the beginning otherwise you will not be able to maintain your Bitcoin portfolio.
One more thing to remember is that since you have purchased Bitcoin once and are trying to grow your Bitcoin portfolio, never invest in Bitcoin from your discretionary income. Never use the funds you need to meet your needs for investment. You may think that your emergency fund has been there for a long time and the price of Bitcoin has decreased so you can use it to buy Bitcoin. But we never know when an emergency will arise in people's lives.
So be careful and invest in Bitcoin in the right way. Read the opinions of experts. You can follow JJG sir because most of what he has given about investment is the right way to invest.

The DCA is a  great strategy most for newbie and it is that you found a strategy that you feel comfortable  with. But since   give Investors the opportunity to buy bitcoin regularly and it helps average out price volatility, I don't  think there is a need to reserve extra funds for aggressive  buying Beca you can buy more sats using the same amount of money during price dip.

And for @bluedrem I think you are confuse about the whole thing and your words are just contradicting each other which makes it meaningless. And someone don't need to have a fully built emergency fund before he can buy bitcoin, if he have his discretionary income available can start accumulating bitcoin and also build an emergency fund at the same time, and you buy bitcoin using only your discretionary income and not with money meant for essential needs.

[Obulis]

It’s not a good plan for brand new investor to be keeping money aside with the intention that they will use it to buy aggressively in a dip that they don’t know if it will happen or not. It is better they use that discretionary income and focus on consistent and regular DCA buy to gradually build a strong portfolio. 

It's an act of irresponsibility for a brand new investor to be talk about buying the dip when he is way behind in accumulation. What such investor should be doing is what you have already stated very clearly here, which is constant buying and accumulating Bitcoin irrespective of it current price, because at that stage of his investment, building a reasonable stash of Bitcoin should be his greatest concern, not by waiting for a dip that may not come, because if he can be buying consistently without paying attention to the price, in no distance time he will accumulate a reasonable stash of Bitcoin that will position him to be successful with his investment if Bitcoin can go as high as a million dollars or more in the future.

Well somehow there's no how all brand new investors will invest at the same pace even when using the same strategy. Expecting brand new investors to fire down a tall portfolio in a shortest time may be expecting too much from them for one reason or the other. Brand new investors who are already keeping up to their DCA strategy as per amount, date and other things has every reason to prepare for aggressive buying, going extra mile to prepare gently for aggressive buying will not change their already ongoing DCAing, it becomes unreasonable when these gentle preparation negatively affects their DCAing process as per amount or even date, just any form of negative effects which is highly unnecessary since they can go with their DCA strategy while gently preparing for a aggressive buying.

[Sobz]

The problem is that the right moment doesn't always exist and it's not easy to find it under any circumstances. While this may sound good for people looking to buy large amounts of Bitcoin, if those people already know about the DCA strategy, they certainly don't need to waste time waiting for it to happen. The best time to start buying is when they are ready for all the conditions and have the capital they can immediately use. And now Bitcoin isn't rising significantly, so anyone who wants to buy a certain amount can do so immediately without hesitation.

I wonder why people normally think they need capital to invest in Bitcoin, you only invest Bitcoin with your discretionary income with the amount that you can afford to lose. Their is no perfect entry of when you can invest in bitcoin,  you can invest in bitcoin at all time. Waiting for a perfect entry will delay you and this is not how real investors buy bitcoin,  it is those who are ignorant but believing they are are doing the right thing. No perfect time to buy bitcoin as far as it is longterm investment.

[ASloveapg]

The problem is that the right moment doesn't always exist and it's not easy to find it under any circumstances. While this may sound good for people looking to buy large amounts of Bitcoin, if those people already know about the DCA strategy, they certainly don't need to waste time waiting for it to happen. The best time to start buying is when they are ready for all the conditions and have the capital they can immediately use. And now Bitcoin isn't rising significantly, so anyone who wants to buy a certain amount can do so immediately without hesitation.

I wonder why people normally think they need capital to invest in Bitcoin, you only invest Bitcoin with your discretionary income with the amount that you can afford to lose. Their is no perfect entry of when you can invest in bitcoin,  you can invest in bitcoin at all time. Waiting for a perfect entry will delay you and this is not how real investors buy bitcoin,  it is those who are ignorant but believing they are are doing the right thing. No perfect time to buy bitcoin as far as it is longterm investment.

There is no specific time for investing in Bitcoin, and those who wait for a specific price can never actually start investing. The main thing here is consistency, more important than how much money you are investing or at what price you are investing, is to invest even small amounts but of course invest consistently. There is no need to wait for large amounts here, and at the same time there is no need to wait for the price to drop when buying, these only make the investment more complicated and they can ultimately cause the investment to fail. And so you have to invest from your discretionary income, no matter how small it is, and no matter what level the price of Bitcoin is at the specific time of investment, just ensure your consistency and maintain this consistent investment cycle for the long term, then it can create a much better chance of success. And in the end, the main thing is consistency and stability.

[Umulala-alala]

The problem is that the right moment doesn't always exist and it's not easy to find it under any circumstances. While this may sound good for people looking to buy large amounts of Bitcoin, if those people already know about the DCA strategy, they certainly don't need to waste time waiting for it to happen. The best time to start buying is when they are ready for all the conditions and have the capital they can immediately use. And now Bitcoin isn't rising significantly, so anyone who wants to buy a certain amount can do so immediately without hesitation.

I wonder why people normally think they need capital to invest in Bitcoin, you only invest Bitcoin with your discretionary income with the amount that you can afford to lose. Their is no perfect entry of when you can invest in bitcoin,  you can invest in bitcoin at all time. Waiting for a perfect entry will delay you and this is not how real investors buy bitcoin,  it is those who are ignorant but believing they are are doing the right thing. No perfect time to buy bitcoin as far as it is longterm investment.

Actually capital is also money and to invest in bitcoin we need money to do that but the right way to address it should be discretionary income which is what is left over after all set and done. Anybody waiting for any perfect entry when they have their discretionary income to start is just a trader, an interested investor will start immediately they have their discretionary income available and that becomes the best time for anyone to get started with their BTC investment.

The perfect time to buy bitcoin is when there is an available discretionary income.

[Derekfunds]

The problem is that the right moment doesn't always exist and it's not easy to find it under any circumstances. While this may sound good for people looking to buy large amounts of Bitcoin, if those people already know about the DCA strategy, they certainly don't need to waste time waiting for it to happen. The best time to start buying is when they are ready for all the conditions and have the capital they can immediately use. And now Bitcoin isn't rising significantly, so anyone who wants to buy a certain amount can do so immediately without hesitation.

Waiting for the right moment to come is like someone who is expecting rain to fall because of how the weather is looking, yea the rain may fall or it may not so why not just go fetch your water and store it and then if it falls you fill up some empty containers same thing to investors, why not just keep using the DCA method and accumulate gradually and then if the Dip comes you do whatever you want to do and someone has been accumulating will be at a great advantage over someone that was not accumulating prior to that time.

[Charcol]

the emergency funds you saved can be divided into two, use one to start your Bitcoin acumulation, one should still be kept as emergency fund while you source for more source of income where you can figure out your discreationary income to  DCA consistently,

You should not buy Bitcoin with an emergency fund, because you know that the money may be needed at any time. Especially if you are advising a new person who has a big problem with the purpose of the money you are advising. Imagine, a person has an emergency fund equivalent to three months of expenses. If he invests half of it in Bitcoin as you advised and after a few days he suddenly loses his job or it takes him a few months to find a new job, then he may have to sell Bitcoin to meet the necessary expenses when the emergency fund runs out. Even if at that time he may have to sell Bitcoin for less than the purchase price. Not only is he facing a loss, but his plan is also ruined. You have to remember that the purpose of the emergency fund is not to create an opportunity to buy Bitcoin, but to manage a situation so that he is not forced to sell Bitcoin when necessary.

[Sulegzy39]

Keeping money aside with the goal of using it to make aggressive purchases during a dip that they are unsure will occur is not a good strategy for novice investors. To progressively develop a solid portfolio, it is preferable for them to use that discretionary income and concentrate on regular and consistent DCA purchases. Because bitcoin is volatile and you can't predict when or if the dip will happen, there is a trade-off in keeping such idle funds.

As long as you have the money to do so, you can choose to purchase bitcoin aggressively at any market price. You shouldn't wait for a dip to occur because it might or might not occur. All you need to purchase bitcoin is this. Whether you use it aggressively or not, the money you have left over after meeting your basic needs is simply your discretionary income.

[Rockson1]

the emergency funds you saved can be divided into two, use one to start your Bitcoin acumulation, one should still be kept as emergency fund while you source for more source of income where you can figure out your discreationary income to  DCA consistently,

You should not buy Bitcoin with an emergency fund, because you know that the money may be needed at any time. Especially if you are advising a new person who has a big problem with the purpose of the money you are advising. Imagine, a person has an emergency fund equivalent to three months of expenses. If he invests half of it in Bitcoin as you advised and after a few days he suddenly loses his job or it takes him a few months to find a new job, then he may have to sell Bitcoin to meet the necessary expenses when the emergency fund runs out. Even if at that time he may have to sell Bitcoin for less than the purchase price. Not only is he facing a loss, but his plan is also ruined. You have to remember that the purpose of the emergency fund is not to create an opportunity to buy Bitcoin, but to manage a situation so that he is not forced to sell Bitcoin when necessary.

You cut out the particular text that suits you to quote, this is the problem with some of you, and you didn't bother to read what the person I was advising said and other things I said, you just choosed the one you like to quote, so you didn't see where he said he does not have money left to invest in Bitcoin, that all he has is his emergency funds at the moment, meaning that he build an emergency funds before trying to start acumulate Bitcoin, since you are blaming me for the advice and it not as if I do not know that emergency funds are strictly for emergencies, however, I understand that whether as an investor or not we need to have emergency funds, because the reason for creating it can come up at anything, now instead agree with what you said, since the advice is for a newbie, what can you advice him, in this situation, you can tag his name so that he will get notified and learn from your idea too, that is why we are here.

[Gragebox]

There is no specific time for investing in Bitcoin, and those who wait for a specific price can never actually start investing. The main thing here is consistency, more important than how much money you are investing or at what price you are investing, is to invest even small amounts but of course invest consistently. There is no need to wait for large amounts here, and at the same time there is no need to wait for the price to drop when buying, these only make the investment more complicated and they can ultimately cause the investment to fail. And so you have to invest from your discretionary income, no matter how small it is, and no matter what level the price of Bitcoin is at the specific time of investment, just ensure your consistency and maintain this consistent investment cycle for the long term, then it can create a much better chance of success. And in the end, the main thing is consistency and stability.

However, each person has his/her own financial situation. It is simply not reasonable to assume that each person will be able to build a large Bitcoin portfolio at the same speed. The benefit of DCA is that this tool is a boon for inexperienced investors who want to gain entry gradually, gradually expanding their own portfolio without additional pressure on the budget. One may prepare for a more aggressive action when the market offers a good price. However, it should never be forgotten that these preparations should not disrupt the whole DCA strategy. An investor should not necessarily miss a scheduled purchase or reduce his plan to keep some extra money for a potential drop. No one can reliably predict exactly when such transaction will take place. It makes sense to combine DCA and keeping some extra money if the investor's economic status allows him to do so.

[Abbatty]

the emergency funds you saved can be divided into two, use one to start your Bitcoin acumulation, one should still be kept as emergency fund while you source for more source of income where you can figure out your discreationary income to  DCA consistently,

You should not buy Bitcoin with an emergency fund, because you know that the money may be needed at any time. Especially if you are advising a new person who has a big problem with the purpose of the money you are advising. Imagine, a person has an emergency fund equivalent to three months of expenses. If he invests half of it in Bitcoin as you advised and after a few days he suddenly loses his job or it takes him a few months to find a new job, then he may have to sell Bitcoin to meet the necessary expenses when the emergency fund runs out. Even if at that time he may have to sell Bitcoin for less than the purchase price. Not only is he facing a loss, but his plan is also ruined. You have to remember that the purpose of the emergency fund is not to create an opportunity to buy Bitcoin, but to manage a situation so that he is not forced to sell Bitcoin when necessary.

Not just for a new person, emergency funds can’t be used to buy bitcoin, it main and sole purpose is to be there for emergency crises. Our emergency funds is that funds that is rigid and can’t be use for anything else except what it meant for. It is even solely advised that our emergency funds should be kept in our local fiat, because our emergency situation is very Likely to be in our local currency.

The funds we can temper with and even he used to buy aggressively if the need arises is the reserve funds, it is more flexible for cases like that. It can also be used to boost our emergency funds if it is low in funds. Making mistakes and using our emergency funds for buying bitcoin might bring a crash in our ongoing accumulation.

[Jostern]

In my opinion everyone has the right to forecast Bitcoin in market price and wait for the optimal entry point. Perhaps some intend to invest a large amount of capital leading them to wait for the perfect moment such as during a bearish market to make their purchase.

So are you trying to tell me that people who choose to wait for the dip before buying bitcoin are making a good decision ? So if you see someone who is making a mistake by waiting for the dip can’t you advice them and correct them on how to approach the market, you see sometimes when you make a statement you might end up misleading newbies who are here to learn and start investing in bitcoin, waiting for the dip is always going to result to missed opportunities of stacking good number of bitcoin, however you can still end up buying the dip when you’re buying bitcoin consistently, the market is always going to present different opportunities, outside waiting for the unprecedented dip.