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Author Topic: Buy Buy Buy or Sell Sell Sell?  (Read 165788 times)
Derekfunds
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Today at 01:04:03 PM
 #18741

And for investing duration, weekly is fairly better than monthly. Investors should find ways to figure out their discretionary income on a weekly basis and try to be aggressive as possible and not overdo it beyond their means.
Some people can be overly aggressive when they have a substantial backup fund and that is acceptable.

You are absolutely wrong for saying this, are you saying weekly way of accumulating Bitcoin is better than monthly way of accumulating Bitcoin? And thereby encouraging and advising  folks here to buy the idea of weekly even though there discretionary income doesn't say so? The truth is that which ever way someone wants to accumulate Bitcoin be it weekly, monthly etc will be determined by their source of income and their discretionary which means our way of investing is a function of our source of income and discretionary income and also the period that will be convenient for them and I believe everyone has leisure time that will be okay for them.

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Queen uloma
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Today at 04:24:07 PM
 #18742

And for investing duration, weekly is fairly better than monthly. Investors should find ways to figure out their discretionary income on a weekly basis and try to be aggressive as possible and not overdo it beyond their means.
Some people can be overly aggressive when they have a substantial backup fund and that is acceptable.

You are absolutely wrong for saying this, are you saying weekly way of accumulating Bitcoin is better than monthly way of accumulating Bitcoin? And thereby encouraging and advising  folks here to buy the idea of weekly even though there discretionary income doesn't say so? The truth is that which ever way someone wants to accumulate Bitcoin be it weekly, monthly etc will be determined by their source of income and their discretionary which means our way of investing is a function of our source of income and discretionary income and also the period that will be convenient for them and I believe everyone has leisure time that will be okay for them.

There’s no DCA method that’s better than another. Whether it’s daily, weekly, or monthly, it all depends on the person’s income and how much they can comfortably spare. Personally for me I don’t think a person is suppose to force weekly accumulation when their financial situation is totally against them.

What matters most is to choose a convenient period, they should make sure that bitcoin investment shouldn’t affect their responsibilities And they should also remain consistent.  In all,  what matters is steady accumulation not how frequent you buy.

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Today at 04:30:10 PM
 #18743

And for investing duration, weekly is fairly better than monthly. Investors should find ways to figure out their discretionary income on a weekly basis and try to be aggressive as possible and not overdo it beyond their means.
Some people can be overly aggressive when they have a substantial backup fund and that is acceptable.

You are absolutely wrong for saying this, are you saying weekly way of accumulating Bitcoin is better than monthly way of accumulating Bitcoin? And thereby encouraging and advising  folks here to buy the idea of weekly even though there discretionary income doesn't say so? The truth is that which ever way someone wants to accumulate Bitcoin be it weekly, monthly etc will be determined by their source of income and their discretionary which means our way of investing is a function of our source of income and discretionary income and also the period that will be convenient for them and I believe everyone has leisure time that will be okay for them.
Exactly, your accumulation is based on your salary or wages, if you are being  paid wages, then it very right to invest weekly, but if you are paid monthly salary, then it best you invest on monthly bases. The main thing in this whole thing is to be consistent with accumulation, being it weekly or wages. After being payed the right thing is to know when you have discretionary income and buy.

And if you are the type that is not working yet, then you can just invest when you discretionary income available. Sometimes some people get their discretion income from win from gambling or gifts, so this type of person can only now invest when they have discretionary income available and not weekly or monthly.

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Today at 04:53:46 PM
 #18744

. It is highly advisable for anyone just starting to invest in this industry to gain a thorough understanding before making any purchases or getting started; this will also shape the future of your investments.
Bitcoin knowledge is broad because we have various aspect of bitcoin and that will take a lot of time for anyone to learn before getting started because the devs are always working on the network and upgrading it. This is why you don't need to delay yourself in learn theory without any practical.

I believe that the best way to understand how bitcoin works is to get involved in the market by simply accumulating bitcoin and learn practically for a better understanding and for the growth of your bitcoin portfolio. You are already a no coiner for a very long time now, why do you want to continue to remain a no coiner in vain all in the name of gaining bitcoin knowledge when you don't have any bitcoin. You might end up not investing at all.

You can start your bitcoin investment and learn at the same time about any aspects of bitcoin that you want to know. What you need to start your bitcoin investment is for your to figure out your discretionary income and the exchange to buy your first Bitcoin from . Learning is a gradual process since you are a long term investor, you have enough time to learn as you're DCAing overtime.

There’s no DCA method that’s better than another. Whether it’s daily, weekly, or monthly, it all depends on the person’s income and how much they can comfortably spare. Personally for me I don’t think a person is suppose to force weekly accumulation when their financial situation is totally against them.
I don't think that it's making any sense to DCA daily instead of that why not DCA weekly. However, the time an investor should DCA is when his discretionary income is available be it weekly or monthly it doesn't matter. If you have your discretionary income every week from your weekly income, you DCA from the leftover after taking care of your basic needs and weekly expenses.
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Today at 05:10:28 PM
 #18745

With what I understood from your post I would say you are wrong because being aggressive is not the number of times someone purchased Bitcoin but rather it is the amount been used to purchased for instance now, Mr A has $1000 and Mr B has $1000 also but Mr A purchased $800 worth of Bitcoin at a time while Mr B purchased $150 twice which is a sum of $300 worth of Bitcoin. Clearly, you would tell that Mr A was more aggressive than Mr B so being aggressive is not about the number of time someone purchased rather it is the quantity or volume of purchased that will determined.

When talking about aggressive purchasing of Bitcoin, I personally think that it is the percentage of your discretionary income that is being used, not the amount or the number of times you bought in a week or month, because if you use like 60% if your discretionary income to buy and accumulate, you are being over aggressive, and it becomes even worse if you invest with more than 60% of your discretionary income because it is not sustainable, if you have not put your emergency funds in place before being over aggressive.
When an investor consistently buys Bitcoin, what is more important than how many times a month or a week he can buy is what percentage of his discretionary income he is investing. Basically, this will depend on the investor's discretionary income as well as basic expenses. If an investor has a stable income and a good amount of discretionary income excluding all his expenses, then he will be able to buy more with relative ease. However, I think that everyone's income should be the same, it is not like this, people should decide based on their income, expenses and discretionary income. Some may have less, some may have more. It does not matter whether everyone is able to invest comfortably and whether they can enjoy accumulating Bitcoin.

I think that when an investor consistently invests, he should have an emergency fund and this emergency fund should always be kept aside, that is, this emergency fund should be used for purchasing investments, rather the emergency fund should be used only when the investor has an unexpected need.

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