Road to 100k?

[SuperBitMan]

In addition to what you said about the wrong idea of piling up funds in fiat to an extent before buying bitcoin is that in your bank account, the value of your currency will be depreciate due to inflation overtime, so why not buy bitcoin immediately with the little amount that you have to keep value of your funds and also to increase the amount of bitcoin in your portfolio gradually by putting your DCA ongoing, persistent and consistent for a very long time.

I could remember when I was very young, my siblings and I had one saving box each and whenever we are given money by family friends, visitors and relatives. We put the money in the box and we continue doing this for two years, when the time came for me to break my own saving box for the funds in it, I was shocked at how much I realized. It was big amount that some adults might will not be able to save on their own and you will not believe that the money will get to such amount.

Imagine if you are now buying bitcoin with your discretionary income whenever you receive your pay for 4-10 years above, how much will your bitcoin size be since bitcoin is an asset that the value increases overtime not like fiat that is stable.

Yep.. .a kind of doubling of the power of both stocking away value and also the possibility (even though not guaranteed) that some other kind of upside change in value might also end up playing out.. surely not bad odds of such possibility of upside value growth, even though not guaranteed and we might also not know by how much or how long it will last and various other factors that sometimes have ended up in BTC holders becoming overly nervous in regards to how to deal with such outcomes when they had ended up occurring... Hopefully members in this thread have some ideas about what they are planning to do rather than having no idea.

The informations I've gathered about Bitcoin, is that it has got to different heights in different circles since it launch, and that's why it's best for long-term, giving all class an opportunity to profit overtime, for those who are not very wealthy the dca method is the best approach to bitcoin investment.
 investors don't have to wait until they've gathered enough fiat before investing on bitcoin, one thing I love about that asset is that there's no fixed price for investment and both the rich and low class have an opportunity to benefit from it, so far they've got steady income to constantly give them an investing power to keep stocking.
 

I think you misunderstood something about the DCA method and the fact that DCA method is a gradual process of accumulating Bitcoin doesn't mean that it's mainly for investor with little Capital even rich investors do use the DCA method so don't complicate issues and don't give people wrong impression about it. Maybe you are thinking that DCA is just a process of using small capital to accumulate every week, month etc but no even rich investors uses big capital to accumulate too. In as much as an investor doesn't have to wait to gather enough fiat before they invest but they should take it easy I mean investing is something one shouldn't rush into because if you do you will definitely rush yourself out fact, in other words make sure you are stable before venturing into Bitcoin investment.

Some people feels DCA is met for those who are not rich but that's not true, just like lump sum strategy are best for those who got an inheritance from there father, mother, or anyone at all or someone who had the opportunity of having a huge amount of money, DCA are met for those who receives there money week, monthly or yearly is for those who chose to accumulate with time.
So the DCA strategy is for those who receives small salary and those who receives big salary, one can decide to invest $5k weekly or $100 monthly it all depends on your Discretionary income.
There are several strategy for those who wants to invest in Bitcoin and one can only choose the one that is okay for him or her.

[Moreno233]

Yep.. .a kind of doubling of the power of both stocking away value and also the possibility (even though not guaranteed) that some other kind of upside change in value might also end up playing out.. surely not bad odds of such possibility of upside value growth, even though not guaranteed and we might also not know by how much or how long it will last and various other factors that sometimes have ended up in BTC holders becoming overly nervous in regards to how to deal with such outcomes when they had ended up occurring... Hopefully members in this thread have some ideas about what they are planning to do rather than having no idea.

The informations I've gathered about Bitcoin, is that it has got to different heights in different circles since it launch, and that's why it's best for long-term, giving all class an opportunity to profit overtime, for those who are not very wealthy the dca method is the best approach to bitcoin investment.
 investors don't have to wait until they've gathered enough fiat before investing on bitcoin, one thing I love about that asset is that there's no fixed price for investment and both the rich and low class have an opportunity to benefit from it, so far they've got steady income to constantly give them an investing power to keep stocking.

I think you misunderstood something about the DCA method and the fact that DCA method is a gradual process of accumulating Bitcoin doesn't mean that it's mainly for investor with little Capital even rich investors do use the DCA method so don't complicate issues and don't give people wrong impression about it. Maybe you are thinking that DCA is just a process of using small capital to accumulate every week, month etc but no even rich investors uses big capital to accumulate too. In as much as an investor doesn't have to wait to gather enough fiat before they invest but they should take it easy I mean investing is something one shouldn't rush into because if you do you will definitely rush yourself out fact, in other words make sure you are stable before venturing into Bitcoin investment.

You are correct about the DCA method not being for only small investors but for anyone both rich and poor. It is a matter of choice for anyone to adopt which method to use. However, most rich people(whales) prefer lump sum buys and buying the dips. From the few whales that we are opportune to know, they rarely use the DCA method maybe that is what is being referred to by Son Of Blockchain (funny name though as I don't know when Blockchain got married). We know about MicroStrategy who are famous for huge buys through the lump sum method because they were not executed at regular interval of time. There are many others that invested sizeable amount into Bitcoin through the lump sum and buying the dips and I feel those who use the DCA method are mostly individuals who might probably do it without without public notice since it is an ongoing process.

[Promocodeudo]

In addition to what you said about the wrong idea of piling up funds in fiat to an extent before buying bitcoin is that in your bank account, the value of your currency will be depreciate due to inflation overtime, so why not buy bitcoin immediately with the little amount that you have to keep value of your funds and also to increase the amount of bitcoin in your portfolio gradually by putting your DCA ongoing, persistent and consistent for a very long time.

I could remember when I was very young, my siblings and I had one saving box each and whenever we are given money by family friends, visitors and relatives. We put the money in the box and we continue doing this for two years, when the time came for me to break my own saving box for the funds in it, I was shocked at how much I realized. It was big amount that some adults might will not be able to save on their own and you will not believe that the money will get to such amount.

Imagine if you are now buying bitcoin with your discretionary income whenever you receive your pay for 4-10 years above, how much will your bitcoin size be since bitcoin is an asset that the value increases overtime not like fiat that is stable.

Yep.. .a kind of doubling of the power of both stocking away value and also the possibility (even though not guaranteed) that some other kind of upside change in value might also end up playing out.. surely not bad odds of such possibility of upside value growth, even though not guaranteed and we might also not know by how much or how long it will last and various other factors that sometimes have ended up in BTC holders becoming overly nervous in regards to how to deal with such outcomes when they had ended up occurring... Hopefully members in this thread have some ideas about what they are planning to do rather than having no idea.

The informations I've gathered about Bitcoin, is that it has got to different heights in different circles since it launch, and that's why it's best for long-term, giving all class an opportunity to profit overtime, for those who are not very wealthy the dca method is the best approach to bitcoin investment.
 investors don't have to wait until they've gathered enough fiat before investing on bitcoin, one thing I love about that asset is that there's no fixed price for investment and both the rich and low class have an opportunity to benefit from it, so far they've got steady income to constantly give them an investing power to keep stocking.
 

I think you misunderstood something about the DCA method and the fact that DCA method is a gradual process of accumulating Bitcoin doesn't mean that it's mainly for investor with little Capital even rich investors do use the DCA method so don't complicate issues and don't give people wrong impression about it. Maybe you are thinking that DCA is just a process of using small capital to accumulate every week, month etc but no even rich investors uses big capital to accumulate too. In as much as an investor doesn't have to wait to gather enough fiat before they invest but they should take it easy I mean investing is something one shouldn't rush into because if you do you will definitely rush yourself out fact, in other words make sure you are stable before venturing into Bitcoin investment.

You are much more in the right track, DCA method is not only for people that doesn't have much money to acquire this asset in a lump sum,  it is also for the rich, why many people prefer this method is because it allows an investor to invest continuously instead of buying in lump sum, a rich investor can decide to take it a bit by bit continuously not minding what the market price says at any given time,  it doesn't mean that he or she do not have the financial abilty to buy in large amount during the dip but he chooses to buy at anything because he understands that the dip is not the only time to buy so he decided to use the DCA method that allows every interested investor to buy as much as they can at any given time, it is a personal decision that we dont have to question, what matter is the actual amount an investor will be able to accumulate at the long run.

I don't agree to the terms that we must be stable before we can invest in Bitcoin, what everyone needs actually need to actualize his or her goals in Bitcoin investment is plan, you can devide your earnings into three then use one part to continue investing because when it come stability there are things you need to think about, not all salary earners are financially stable and if you wait until you are financially stable, you will not invest in Bitcoin, all we need is plan and a d how to actualize it, don't invest with your all just go slow and steady and also continue looking for means to earn more as you keep doing the needful, Bitcoin investment involves sacrifice hence it is for the future, sitting back is lapses but holding the bull by its horn is the mindset, lets not entertain any form of discouragement to avoid regret.

[Popkon6]

Some people feels DCA is met for those who are not rich but that's not true, just like lump sum strategy are best for those who got an inheritance from there father, mother, or anyone at all or someone who had the opportunity of having a huge amount of money, DCA are met for those who receives there money week, monthly or yearly is for those who chose to accumulate with time.

There is no doubt that a person can participate in investments in any way, the DCA method is the same for both small investors and large investors.  Any investor can choose the DCA approach, but the approach is best for long term investment. How much to invest will depend on the investor's income, with those with higher incomes buying more bitcoins and those with lower incomes being able to DCA a small amount of bitcoins weekly or monthly. There is no fixed rule in this, if you can invest, you are open to use strategies that will last your investment for a long time and become a successful investor.

So the DCA strategy is for those who receives small salary and those who receives big salary, one can decide to invest $5k weekly or $100 monthly it all depends on your Discretionary income.
There are several strategy for those who wants to invest in Bitcoin and one can only choose the one that is okay for him or her.

I would generally refer to a typical investor based on myself, I am a low income person trying to meet the basic needs of my family from what I earn from a typical job. And the amount of money I used to overspend at times in the past but have now eliminated. With that extra money I buy bitcoins in small amounts every week following the DCA method.  Investing little by little makes my portfolio feel much bigger to me, because when I overspend in the past I didn't get any account.

 But now by investing bitcoins in DCA method I am able to consolidate the funds and convert it into bitcoins, from here my future will go far and I will be self-sufficient.  I invest between 5 and 9 dollars a week. My goal is that I try to keep my investment alive for several years.

[pawel7777]

(...)
So the DCA strategy is for those who receives small salary and those who receives big salary, one can decide to invest $5k weekly or $100 monthly it all depends on your Discretionary income.
(...)

The problem is that low-income people often struggle to make ends meet, as any unforeseen expenses can push them over their budget when they no longer have spare cash to invest and their DCA purchases become inconsistent.
Knowledge of investing is always a good thing, but investing itself is not a universal, fit-all solution. People with low income should be primarily focused on increasing their earning potential (aka investing in themselves) rather than investing small amounts in assets like crypto or other markets.
When you don't have much to invest, even hitting great returns won't earn you life-changing money. It often creates a false sense of "having something going on" for you and makes you content with your current situation, whereas spending even a few years on getting real-life skills and increasing your earnings would elevate you to a higher level much faster.

[Mr Reporter]

The thead was started in March and it’s been almost 6 months but bitcoin still trading between 50,000 USD to 60,000 USD so to cross 100k USD milestone for btc seems difficult in this year because the world is facing economic crisis. May be in next year this milestone will achieve by bitcoin!

I understand the market condition have made so many people to doubt the $100k target but I will not conclude that it will not happen again because bitcoin is a volatile assets that can surprise everyone if it really want to move. If there is a positive news that supports a bullish momentum, don't be surprise if bitcoin take just few weeks to reach the $100k target.

However, it is not always about bitcoin reaching $100k that should matter to us but what we are doing now and what will will achieve when price reaches that target. Are we making good use of the opportunity that is available in the market? This are more important things that should be our concern more than seeing bitcoin at $100k because this price will always be achieved in a matter of time.

Therefore we should not relent in collecting Bitcoin now that we can get it at lower prices. There are several things that can make Bitcoin go astronomical so it would be bad if that happened and we are not well positioned to enjoy the ride after having the opportunity and privilege of knowing Bitcoin early.

I once told my friend that I am happy that the bull run is yet to commence and I pray it takes a while longer before it finally arrives and he got mad at me for wishing us bad luck as he said, but he was not seeing things in my own view. Now my reason is very simple that I have not accumulated my target quantity before bullrun and I'm not assured on getting the target quantity for the year if the bull run starts early since when the price is higher we tend to buy lesser quantities for higher amounts, hence my wish for it to be delayed a bit and it seems things are playing out in my favour.

Our main target is portfolio increase right? and not pricing, so it's left for us to continue increasing our portfolio with the seemingly low prices we see today as we are not promised of good prices like these during or after the bull run. It would really take me until the end of the year to accumulate my targeted quantity if the prices does not surge above $70k in my calculations, so I have been wishing and believing that the bull run should calm down until beginning of next year, forgive me for being selfish . we always wish for favorable conditions right?.

Of course,  everyone is at a different stage of their BTC accumulation journey, so if you have recognized bitcoin as a good investment, it could still take you years and years and years to establish your position, especially if you don't already have an investment portfolio or other places in which you can draw value in order to attempt to front-load your BTC investment.

An overwhelming majority of the world's population does not tend to invest, so building any investment can take time for anyone new to investing.

Surely, any of us who understands the position of a relative newbie investor will appreciate that it can take quite a bit of time to get to some kind of a comfortable BTC accumulation status.

For sure, bitcoin does not give any shits about you, and you cannot really stop it from going either up or down, even though many of us already appreciate that bitcoin is likely on an upward price trajectory, so if you are able to recognize the opportunity to buy it and to accumulate it, then you are likely to be better off engaging in that accumulation sooner rather than later, and frequently you are better off to accumulate aggressively, too, even though there surely are not any guarantees that your accumulation of BTC will end up paying off as you expect.

If you don't take Bitcoin as your source of income then you have solved one thing that will hinder your Bitcoin investment journey, we all know that Bitcoin has grown very high in price now and if you don't have huge amount of money to buy in lump sum it will take us many years to accumulate enough Bitcoin, if you are working and getting paid very well you can accumulate and hold Bitcoin for many years and you won't be disturbed.
If you have a good job and you are getting paid very well you can accumulate and hold Bitcoin for 20 years or even more, if one is consistent with his or her accumulation and you continue for 20 to 30 years you will have a good number of Bitcoin accumulated to yourself and you can choose to share it among your children.
Everyone has the ability to accumulate enough Bitcoin it will only take you time but one can achieve it.
Bitcoin should be seen as an investment and not as a source of income those that sees it as an source of income can't have patience to hold for long.

Please don't get aggressive in your Bitcoin accumulation without having a backup funds, some people get aggressive and forget they have things to settle at home and when they realize they end up dipping hands into there Bitcoin investment, for me I'm still building my Backup funds along side with my Bitcoin if my Backup funds are strong enough I can now focus on my Bitcoin accumulation and I can decide to become aggressive in my accumulation.

I think this is the part were people get it all mix up some people think bitcoin is a place of investment were you up jump and  throw some funds into and come back some week later to see double of it, I will say it a very wrong information the way I see bitcoin I feel is a strategy were you keep accumulating without have any Financial inconveniences and been forgotten not having any Financial need of it  you just get add and add.

 And also most newbie are already getting use to this they said since bitcoin is a pump and dip investment when needs arises at that time when the market is smiling they use this excuse to sell their bitcoin and said once their in a better financial sand their going to buy back which 60% of this statement is not truth, to me I feel bitcoin investments when been brought one should not go back to sell it for now you should just keep adding.

[Justbillywitt]

I think you misunderstood something about the DCA method and the fact that DCA method is a gradual process of accumulating Bitcoin doesn't mean that it's mainly for investor with little Capital even rich investors do
Some people feels DCA is met for those who are not rich but that's not true, just like lump sum strategy are best for those who got an inheritance from there father, mother, or anyone at all or someone who had the opportunity of having a huge amount of money, DCA are met for those who receives there money week, monthly or yearly is for those who chose to accumulate with time.
So the DCA strategy is for those who receives small salary and those who receives big salary, one can decide to invest $5k weekly or $100 monthly it all depends on your Discretionary income.
There are several strategy for those who wants to invest in Bitcoin and one can only choose the one that is okay for him or her.

Actually an investor can choose more than one strategies when investing in bitcoin. Provided you know how and when to apply each strategy. So don't just think because you used one strategy to make your first buy, that you cannot utilize another strategy when you want to make another buy. You can also decide to divide your money into 3 parts, depending on how much you have as your investment capital. One part can be for lump summing, DCA, and another fraction for buying when bearish. This way you have seen that the investor has been able to make use of all the investment methods with the same amount of money. And he stands a chance of benefitting from all market conditions.

[Cryptoprincess101]

I think you misunderstood something about the DCA method and the fact that DCA method is a gradual process of accumulating Bitcoin doesn't mean that it's mainly for investor with little Capital even rich investors do
Some people feels DCA is met for those who are not rich but that's not true, just like lump sum strategy are best for those who got an inheritance from there father, mother, or anyone at all or someone who had the opportunity of having a huge amount of money, DCA are met for those who receives there money week, monthly or yearly is for those who chose to accumulate with time.
So the DCA strategy is for those who receives small salary and those who receives big salary, one can decide to invest $5k weekly or $100 monthly it all depends on your Discretionary income.
There are several strategy for those who wants to invest in Bitcoin and one can only choose the one that is okay for him or her.

Actually an investor can choose more than one strategies when investing in bitcoin. Provided you know how and when to apply each strategy. So don't just think because you used one strategy to make your first buy, that you cannot utilize another strategy when you want to make another buy. You can also decide to divide your money into 3 parts, depending on how much you have as your investment capital. One part can be for lump summing, DCA, and another fraction for buying when bearish. This way you have seen that the investor has been able to make use of all the investment methods with the same amount of money. And he stands a chance of benefitting from all market conditions.

An investor can still decide to focus on using one strategy to invest in Bitcoin and succeed so it is not necessary that you must apply all the strategies while investing but the best is always investing with the DCA because you won't miss out at buying during DIPs which is the most important part of any investor who is still in the accumulating stage of their investment, lump summing is good for some people but I don't consider it to be a good strategy since you can go an all in and never invest again therefore you may never increase your portfolio and for buying at DIPs, it's also a very complicated strategy because you can be expecting a DIP and it may not come and you end up not buying so basically using the DCA is just the best strategy because you can also decide to increase your DCA amount depending on your cash flows before your next DCA as it can help to increase your portfolio with time.

[Jegileman]

Yep.. .a kind of doubling of the power of both stocking away value and also the possibility (even though not guaranteed) that some other kind of upside change in value might also end up playing out.. surely not bad odds of such possibility of upside value growth, even though not guaranteed and we might also not know by how much or how long it will last and various other factors that sometimes have ended up in BTC holders becoming overly nervous in regards to how to deal with such outcomes when they had ended up occurring... Hopefully members in this thread have some ideas about what they are planning to do rather than having no idea.

The informations I've gathered about Bitcoin, is that it has got to different heights in different circles since it launch, and that's why it's best for long-term, giving all class an opportunity to profit overtime, for those who are not very wealthy the dca method is the best approach to bitcoin investment.
 investors don't have to wait until they've gathered enough fiat before investing on bitcoin, one thing I love about that asset is that there's no fixed price for investment and both the rich and low class have an opportunity to benefit from it, so far they've got steady income to constantly give them an investing power to keep stocking.

I think you misunderstood something about the DCA method and the fact that DCA method is a gradual process of accumulating Bitcoin doesn't mean that it's mainly for investor with little Capital even rich investors do use the DCA method so don't complicate issues and don't give people wrong impression about it. Maybe you are thinking that DCA is just a process of using small capital to accumulate every week, month etc but no even rich investors uses big capital to accumulate too. In as much as an investor doesn't have to wait to gather enough fiat before they invest but they should take it easy I mean investing is something one shouldn't rush into because if you do you will definitely rush yourself out fact, in other words make sure you are stable before venturing into Bitcoin investment.

Bitcoin investment using the DCA strategy will have to be weighed in different perspectives before calling it a gradual process of accumulating. Depending on your financial strength, some investors can take only few months or weeks to reach their target of bitcoin accumulation while some can take more than a year and keep accumulating to reach their target. Those that will reach their target earlier won’t see it as a too gradual process, they just don’t have the month to lump sum at that time and decide to use the DCA which took them some weeks or months which to some investors using DCA for more than a year will see it as even lump summing or not a gradual but quick process to reach the required target.

Bitcoin investment has nothing to do with rushing into the investment or not. With your DCA strategy or lump sum, anyone that works for you tells how much bitcoin quantity you can accumulate within a time frame. Bringing the terminology of rushing or not rushing into the investment is out of it when you’re talking about bitcoin investment. You can only regret on an investment that you don’t know the fate of it in the future and you got rug pulled from the investment, those type of investment are risky and cannot be rushed into without diligence research about them on what you’re willing to risk. We are discussing about bitcoin investment here, so which ever that works for you, been it lump sum or DCA, you can stick to it and not think otherwise of seeing it as a rush into the investment. And when you’re accumulating and see the opportunity to buy more at the dip, you should take advantage of it if you have cash for it at that time.

[JayJuanGee]

[edited out]

But now by investing bitcoins in DCA method I am able to consolidate the funds and convert it into bitcoins, from here my future will go far and I will be self-sufficient.  I invest between 5 and 9 dollars a week. My goal is that I try to keep my investment alive for several years.

I am glad that you are shooting towards buying BTC every week, and since your purchase amounts are so low, I hope that you have some kind of a system to make sure that your investment does not get eaten by transaction fees. 

If you think about it, even after a year, your investment is ONLY going to be between about $260 to $520, yet I am not really poo-pooing the quantity in terms of you can ONLY do what you are able to do.. so you do the best that you can do. 

If you are able, I think that you should continue to strive to invest every week without skipping as long as your finances allow for it, and at the same time you should try to figure out if there might be some ways that you might be able to increase your disposable income by either increasing your income or decreasing your expenses.. and yeah, if you were ever able to get your investment amount to higher amounts then that will likely make a BIG difference, again making sure that you are not getting eaten up by fees.

Of course, I assume that you have various forms of back up funds such as an emergency fund, reserves and float, because if you are not doing that, then you might find yourself in a situation where you have to cash out some or all of your bitcoin at a time that is not completely of your own choosing...and many times, I have mentioned that I don't mind the idea of building back up funds and bitcoin investment at the same time, yet you also know that you run the risk of running out of emergency funds and again having to sell some or all of your bitcoin at a time that is not completely of your own choosing.

(...)
So the DCA strategy is for those who receives small salary and those who receives big salary, one can decide to invest $5k weekly or $100 monthly it all depends on your Discretionary income.
(...)

The problem is that low-income people often struggle to make ends meet, as any unforeseen expenses can push them over their budget when they no longer have spare cash to invest and their DCA purchases become inconsistent.
Knowledge of investing is always a good thing, but investing itself is not a universal, fit-all solution. People with low income should be primarily focused on increasing their earning potential (aka investing in themselves) rather than investing small amounts in assets like crypto or other markets.
When you don't have much to invest, even hitting great returns won't earn you life-changing money. It often creates a false sense of "having something going on" for you and makes you content with your current situation, whereas spending even a few years on getting real-life skills and increasing your earnings would elevate you to a higher level much faster.

You may well have a decently good point.

A poor person who is only investing 5-10 per week into bitcoin might never get anywhere as compared to some potentially more long lasting avenues that involve seeking better income and better employment skiills.. and sometimes going out and getting some experiences in order to potentially get placed in a higher earning potential.. .. ..and let's say that he earns around $100 to $200 per week or maybe some larger amount, but yeah if he were to get his income up to $400 to $500 per week, then he may well end up way better off than investing into bitcoin, and surely I hate to say it.. since we are in a bitcoin thread and bitcoin is a great investment, yet we have to consider that really low disposable incomes may well have troubles building wealth... 

Including that sometimes we might consider "why not both," yet in some circumstances there are not enough resources to carry out both in such a way that they would both be meaningful.. so sometimes priorities have to be focused on and in the right kinds of ways that are more likely to result in actual material payouts that may well result in life-changing outcomes.. 

I hate to talk anyone away from bitcoin, but yeah sometimes bitcoin might not be so feasible for folks without any discretionary income or hardly any discretionary income when they might be able to increase their discretionary income in ways that potentially conflict with investing into bitcoin.

[betswift]

(...)
So the DCA strategy is for those who receives small salary and those who receives big salary, one can decide to invest $5k weekly or $100 monthly it all depends on your Discretionary income.
(...)

The problem is that low-income people often struggle to make ends meet, as any unforeseen expenses can push them over their budget when they no longer have spare cash to invest and their DCA purchases become inconsistent.
Knowledge of investing is always a good thing, but investing itself is not a universal, fit-all solution. People with low income should be primarily focused on increasing their earning potential (aka investing in themselves) rather than investing small amounts in assets like crypto or other markets.
When you don't have much to invest, even hitting great returns won't earn you life-changing money. It often creates a false sense of "having something going on" for you and makes you content with your current situation, whereas spending even a few years on getting real-life skills and increasing your earnings would elevate you to a higher level much faster.

Yeah, it may be hard for some because they see in crypto the way to change their lives for the better or even turn them upside down, but it's not done in a second or even years. The knowledge comes gradually and naturally for those willing to invest their determination and effort and not think only about the profits at hand.

[Hewlet]

I hate to say it.. since we are in a bitcoin thread and bitcoin is a great investment, yet we have to consider that really low disposable incomes may well have troubles building wealth... 

Including that sometimes we might consider "why not both," yet in some circumstances there are not enough resources to carry out both in such a way that they would both be meaningful.. so sometimes priorities have to be focused on and in the right kinds of ways that are more likely to result in actual material payouts that may well result in life-changing outcomes.. 

the place  of setting the right foundation that will sponsor our investment goals can't be overemphasized, if we even miss setting those things in order, we might later find out that we are making an uncalculated investment that wouldn't yield a good amount of result in the long run. It's best to know that a successful Investment comes from having a Bouyant stream of income and that to get that Bouyant stream of income requires that you're skilled at a thing or that you've already figured out your source of finance and can keep it running for a lengthier period of time while you're doing your DCA. It's not out of place to set this right and ensure that you've built systems that will enable you DCA effectively with a good amount. If you even look at this, you basically have two options as a new investor with low capital.
1. It's iether you start doing your DCA with a small amount like $50 to $200 per month and do it for 4 years and succed in building only $2400 to $9600 worth of Bitcoin  or alternatively,
2. You invest like $200 into learning a skill for 6 months to one year and end up increasing your earning which will also reflect in doing a DCA of $600+ every month which will lead to to attaining your investment at a faster and more convenience rate. In iether way, it's all about setting up systems based on the peculiarity of your investment journey that will be better suitable for your investment goal.

I hate to talk anyone away from bitcoin, but yeah sometimes bitcoin might not be so feasible for folks without any discretionary income or hardly any discretionary income when they might be able to increase their discretionary income in ways that potentially conflict with investing into bitcoin.

thought of investment mostly comes to mind when you're earning above what's needed for your monthly expenses and can reserve some portion for your investment goals and even set out some for any emergency that might spring up while you're yet investing. It's not about talking anybody out of investing in Bitcoin, if they don't even have this knowledge, they are certainly going to have a faulty start in Thier investment which will affect them and go on to disrupt them along the way when things isn't going the way they might have expected.

It's good to always create a balance and do some minor calculations on how profitable we can possible get to it we continue investing a particular small amount for a said period of time.

[Popkon6]

[edited out]

But now by investing bitcoins in DCA method I am able to consolidate the funds and convert it into bitcoins, from here my future will go far and I will be self-sufficient.  I invest between 5 and 9 dollars a week. My goal is that I try to keep my investment alive for several years.

I am glad that you are shooting towards buying BTC every week, and since your purchase amounts are so low, I hope that you have some kind of a system to make sure that your investment does not get eaten by transaction fees. 

If you think about it, even after a year, your investment is ONLY going to be between about $260 to $520, yet I am not really poo-pooing the quantity in terms of you can ONLY do what you are able to do.. so you do the best that you can do. 

Although my weekly DCA purchases of bitcoins are limited, this is money I used to spend extra in the past, but currently I am buying bitcoins with this. Because I am not able to invest much money in the field of investment because I have to meet the basic needs of my family from my income. But this is how I want to keep it long term so that I can keep my investment alive, and the biggest role is that I buy bitcoin every week with fiat money through p2p and leave it on the exchange. 
I transfer these deposits every 4 to 8 weeks to my Electrum wallet, and (JJG I learned from you not to keep all your eggs at once) so I store them in two wallets which are the most secure for me and I keep the passwords carefully.

If you are able, I think that you should continue to strive to invest every week without skipping as long as your finances allow for it, and at the same time you should try to figure out if there might be some ways that you might be able to increase your disposable income by either increasing your income or decreasing your expenses.. and yeah, if you were ever able to get your investment amount to higher amounts then that will likely make a BIG difference, again making sure that you are not getting eaten up by fees.

I pool my purchased bitcoins in a few steps, and then transfer them together, saving me a lot of transaction fees. I have saved a lot by using this strategy, in the future I will be able to accumulate more bitcoins in my allrate, I will get a promotion in my job from next month and I will be able to add some more money to my investment every week, because every week my investment amount will increase a little. Then at the end of the year I can save up to $1000. Every year my target will be to invest 1000 dollar amount of bitcoins then it will bring maximum benefit to me and I will get investment success.

[ultrloa]

(...)
So the DCA strategy is for those who receives small salary and those who receives big salary, one can decide to invest $5k weekly or $100 monthly it all depends on your Discretionary income.
(...)

The problem is that low-income people often struggle to make ends meet, as any unforeseen expenses can push them over their budget when they no longer have spare cash to invest and their DCA purchases become inconsistent.
Knowledge of investing is always a good thing, but investing itself is not a universal, fit-all solution. People with low income should be primarily focused on increasing their earning potential (aka investing in themselves) rather than investing small amounts in assets like crypto or other markets.
When you don't have much to invest, even hitting great returns won't earn you life-changing money. It often creates a false sense of "having something going on" for you and makes you content with your current situation, whereas spending even a few years on getting real-life skills and increasing your earnings would elevate you to a higher level much faster.

But for sure if they are really eager to invest with bitcoin there will be always a way to figure out on how to became consistent since there lots of opportunities where people could take advantage to get something to gain from. Their online activities could also provide them some income so with that they can use that earnings to spend in their bitcoin investment. Its just people eagerness on how he can survive and make everything happen since if they always have negative reasoning and rely only on their low income then nothing would provably happen to them. Internet is full of opportunities and since they are already there I guess its more better to get something with it since there are jobs that we can take online which could give them side incomes.

Investment result will always depend on the person. So work hard and for sure that results will come later on especially if we work hard, be consistent and believe that bitcoin would bring something nice to us in future.

[boty]

Actually an investor can choose more than one strategies when investing in bitcoin. Provided you know how and when to apply each strategy. So don't just think because you used one strategy to make your first buy, that you cannot utilize another strategy when you want to make another buy. You can also decide to divide your money into 3 parts, depending on how much you have as your investment capital. One part can be for lump summing, DCA, and another fraction for buying when bearish. This way you have seen that the investor has been able to make use of all the investment methods with the same amount of money. And he stands a chance of benefitting from all market conditions.

An investor can still decide to focus on using one strategy to invest in Bitcoin and succeed so it is not necessary that you must apply all the strategies while investing but the best is always investing with the DCA because you won't miss out at buying during DIPs which is the most important part of any investor who is still in the accumulating stage of their investment, lump summing is good for some people but I don't consider it to be a good strategy since you can go an all in and never invest again therefore you may never increase your portfolio and for buying at DIPs, it's also a very complicated strategy because you can be expecting a DIP and it may not come and you end up not buying so basically using the DCA is just the best strategy because you can also decide to increase your DCA amount depending on your cash flows before your next DCA as it can help to increase your portfolio with time.

When you focus on accumulating your Bitcoin assets using the DCA method, you must have a steady income to be able to run the strategy properly and you can buy it when you get income from the work you do, of course, you have divided it with your needs for a month and also other needs, because it will feel heavy when we want to use the strategy if we do not have a steady income, but if we really want to do it, of course we have to work hard and save every income we get from the work we do and buy it consistently using the strategy.

Buying when DIP is certainly very profitable, but we cannot predict how far the decline will be and I really agree with you that it would be very good if we want to run an investment properly, then we can use the DCA method and continue to do it consistently to continue to increase the Bitcoin assets we have.

[Sim_card]

(...)
So the DCA strategy is for those who receives small salary and those who receives big salary, one can decide to invest $5k weekly or $100 monthly it all depends on your Discretionary income.
(...)

The problem is that low-income people often struggle to make ends meet, as any unforeseen expenses can push them over their budget when they no longer have spare cash to invest and their DCA purchases become inconsistent.
Knowledge of investing is always a good thing, but investing itself is not a universal, fit-all solution. People with low income should be primarily focused on increasing their earning potential (aka investing in themselves) rather than investing small amounts in assets like crypto or other markets.
When you don't have much to invest, even hitting great returns won't earn you life-changing money. It often creates a false sense of "having something going on" for you and makes you content with your current situation, whereas spending even a few years on getting real-life skills and increasing your earnings would elevate you to a higher level much faster.

Yeah, it may be hard for some because they see in cryptothe way to change their lives for the better or even turn them upside down, but it's not done in a second or even years. The knowledge comes gradually and naturally for those willing to invest their determination and effort and not think only about the profits at hand.

Don't use the word crypto but bitcoin so that people that are reading this thread would understand that it is bitcoin you are talking about. Bitcoin should not be compared with shitcoins because they are far different since bitcoin has great potential and unique which is what an investor can invest in and hodli for a very long time and gain profit because it is a long-term investment.

Shitcoins cannot last in the market and we have seen a lot of them that crashed in the past, and more will keep on crashing overtime. A new investor should understand that bitcoin is not altcoin and should only focus on investing in bitcoin using DCA method to build his bitcoin portfolio buy always buying weekly or monthly consistently and persistently overtime and hodli for long, since bitcoin is a future investment and not a get rich quick scheme.

[Glen Hoddle]

(...)
So the DCA strategy is for those who receives small salary and those who receives big salary, one can decide to invest $5k weekly or $100 monthly it all depends on your Discretionary income.
(...)

The problem is that low-income people often struggle to make ends meet, as any unforeseen expenses can push them over their budget when they no longer have spare cash to invest and their DCA purchases become inconsistent.
Knowledge of investing is always a good thing, but investing itself is not a universal, fit-all solution. People with low income should be primarily focused on increasing their earning potential (aka investing in themselves) rather than investing small amounts in assets like crypto or other markets.
When you don't have much to invest, even hitting great returns won't earn you life-changing money. It often creates a false sense of "having something going on" for you and makes you content with your current situation, whereas spending even a few years on getting real-life skills and increasing your earnings would elevate you to a higher level much faster.

Yeah, it may be hard for some because they see in cryptothe way to change their lives for the better or even turn them upside down, but it's not done in a second or even years. The knowledge comes gradually and naturally for those willing to invest their determination and effort and not think only about the profits at hand.

Don't use the word crypto but bitcoin so that people that are reading this thread would understand that it is bitcoin you are talking about. Bitcoin should not be compared with shitcoins because they are far different since bitcoin has great potential and unique which is what an investor can invest in and hodli for a very long time and gain profit because it is a long-term investment.

Shitcoins cannot last in the market and we have seen a lot of them that crashed in the past, and more will keep on crashing overtime. A new investor should understand that bitcoin is not altcoin and should only focus on investing in bitcoin using DCA method to build his bitcoin portfolio buy always buying weekly or monthly consistently and persistently overtime and hodli for long, since bitcoin is a future investment and not a get rich quick scheme.

Basically here we discuss how to buy bitcoin and hold long term in bitcoin investment, so hopefully this comparison between bitcoin and crypto is easy and newbies are also experienced about it. Bitcoin and crypto are not the same, so if we buy Bitcoin following the DCA method as the price of Bitcoin rises, we will find a lot of success in the future. 
So we do these discussions so that newbies don't shy away from Bitcoin investing, even those who are scared of investing should look for these discussions. So I think discussing how we can hold Bitcoin for long term fun should not change the mindset of this topic by any other discussion.

[wmaurik]

Yeah, it may be hard for some because they see in crypto the way to change their lives for the better or even turn them upside down, but it's not done in a second or even years. The knowledge comes gradually and naturally for those willing to invest their determination and effort and not think only about the profits at hand.

In terms of seeking and achieving profits for large amounts through Bitcoin, of course everyone does not only rely on money, although the amount of money is also included in the points that are still very much taken into account now. However, everyone must also think about the time they have and their efforts in seeking important knowledge that can be used to achieve profit or success in the future because seeking knowledge is also a form of investment in our own brains so as not to get lost with the wrong motivation.

So money will be used in the right way and path when we already have good knowledge and ways to use it such as investing in Bitcoin and continuing to see any trend as a good opportunity so that the desire to have a lot of Bitcoin continues to exist in our own hearts. And you can also think like that because now each person only thinks about themselves for anything, including achieving greater profits through Bitcoin.

[EarnOnVictor]

Some people feels DCA is met for those who are not rich but that's not true

This will be a misconception if anyone thinks like that, DCA is an investment plan, one that is widely viewed as safer. This means that it can work for both small and big investments, it now depends on the asset we are talking about, if the investor could be sure about this asset like Bitcoin, I am sure that it will be fine. Still, I love it if the investor is reasonable about it. Believing you are using the DCA approach and still buying Bitcoin at the peak, it will not save you. Many foolishly believe that if it's Bitcoin, it's a certain profit but I do not view it like that. We should always consider all conditions and let the safety of our money be the highest priority.

just like lump sum strategy are best for those who got an inheritance from there father, mother, or anyone at all or someone who had the opportunity of having a huge amount of money, DCA are met for those who receives there money week, monthly or yearly is for those who chose to accumulate with time.

Inherited fortune is a different ballgame, anyone can treat it as they like. As for the DCA, it is an investment plan, not a measure of how we receive money. It doesn't need you to be a period earner before enjoying it. You may have a huge amount already but plan it periodically through DCA.

[barisbilgili]

Yeah, it may be hard for some because they see in crypto the way to change their lives for the better or even turn them upside down, but it's not done in a second or even years. The knowledge comes gradually and naturally for those willing to invest their determination and effort and not think only about the profits at hand.

In terms of seeking and achieving profits for large amounts through Bitcoin, of course everyone does not only rely on money, although the amount of money is also included in the points that are still very much taken into account now. However, everyone must also think about the time they have and their efforts in seeking important knowledge that can be used to achieve profit or success in the future because seeking knowledge is also a form of investment in our own brains so as not to get lost with the wrong motivation.

So money will be used in the right way and path when we already have good knowledge and ways to use it such as investing in Bitcoin and continuing to see any trend as a good opportunity so that the desire to have a lot of Bitcoin continues to exist in our own hearts. And you can also think like that because now each person only thinks about themselves for anything, including achieving greater profits through Bitcoin.

In Bitcoin I think it's easy, just invest in the long term with a large amount then it is very likely that you will get a big profit, I think we can make it simpler and of course knowledge is also important but I don't imagine that it is more needed than trust in investing in Bitcoin.

And for the way we will do it I think everyone will have a different path for the same goal, for example a strategy to collect Bitcoin or choose the right time to enter/buy Bitcoin.