Does the DCA strategy inspire newbies to invest?

[Tongley]

DCA strategy is very good to every level of investor and if you make your investments rightly there will not be any pressure whatsoever on you because you will always do it when you have your payment made. DCA strategy is only very applicable when you have a regular income job that you're sure of receiving a payment within a specific period of the year, monthly or week.

So if you don't have a definite source of income, you can not be able to invest by DCA, at least not regularly. You can be investing by other means when the income is not very regular. You're at liberty to invest by lump-sum too. Do not think that buying lump-sum has a specific amount that makes it a lump-sum. Buying the dip is good but makes you to miss opportunities because you are timing the market.

You are holding a wrong knowledge about which source of income should be used for investment and the need for a stable source of income to invest. We need a source of discretionary income to invest. If we invest with our salary and if we have the necessary money in that money, then we will not be able to maintain our investment in the long term. We have to find a source of discretionary income from our salary and continue investing with that amount of money. Discretionary income is the amount of money left after deducting all your expenses, which is called the source of discretionary income.

We do not need a source of stable income to invest. If a person does not have a source of stable income and if he is able to find a source of discretionary income from his unstable source of income, then he can invest. I have seen proof of this myself, I have two uncles, one uncle works in a bank and the other uncle works in agriculture. The uncle who works in agriculture has a very unstable source of income and his income is less than the other uncle. But my farmer uncle can find discretionary income from this unstable source of income and invest. On the other hand, my uncle who works in a bank has a very high and stable income but he cannot find discretionary income because his expenses are very high. If we can control our expenses and find a source of discretionary income then we can invest.

[avp2306]

DCA strategy is the simplest method of accumulating bitcoin into your portfolio, it gives you the opportunity of a gradual buying of bitcoin without stress or financial stress either as long as your discretionary income is available, dca does not pressurize you to accumulate more than what you can afford .

DCA strategy is very good to every level of investor and if you make your investments rightly there will not be any pressure whatsoever on you because you will always do it when you have your payment made. DCA strategy is only very applicable when you have a regular income job that you're sure of receiving a payment within a specific period of the year, monthly or week.

So if you don't have a definite source of income, you can not be able to invest by DCA, at least not regularly. You can be investing by other means when the income is not very regular. You're at liberty to invest by lump-sum too. Do not think that buying lump-sum has a specific amount that makes it a lump-sum. Buying the dip is good but makes you to miss opportunities because you are timing the market.

Maybe you are right with some point since this would really work if the investor had a stable income, since we need to be consistent with our accumulation. But you must also know that this is not only limited to stable salary worker.

Since somehow what matter the most is their discipline applied on their investment also how consistent they are, even those people with irregular income could do that as long as they are committed with their investment. They can still applied that principle on where they can separate some portion of their income on their Bitcoin investment when there's money came to them.

Lump sum style of investment maybe good to, but this could carry risk about maybe buying at the dip which is somehow not suitable especially for people always wait for perfect time to buy, because they might experience long delays. Buying at dip may really sounds good, but usual thing happened is we miss lots of chances doing that. So everything will depends on people situation since it maybe easy for people to do DCA, but those people with irregular income can still adapt the discipline then could able to invest on Bitcoin.

[Sticky Bomb]

Buying at dip may really sounds good, but usual thing happened is we miss lots of chances doing that.

For those still early in their accumulation journey, I can agree with you since they don't have much stash of BTC, they should consistently purchase without waiting until they have built out a substantial stash for themselves and gone much ahead in their accumulation journey because the waiting strategy is a time wasting and ineffective strategy.
For those who already has lots of BTC and have not reached their target, they can stack up funds and buy the dip if they wish since they've already bought for a considerable while and are sure of what they're doing. As long as such a person does not sell or take profits before he arrives at overaccumulation status, he is fine only buying the dip until he gets there.

[Bright0515]

DCA strategy is only very applicable when you have a regular income job

No sir, you don't need a regular source of income before you can start buying Bitcoin, Bitcoin investment do offers flexibility which literally means that you can invest with a little amount of money from your discretionary income which is also known as your leftover money and you can also buy Bitcoin anytime you have spare money, you don't have to buy Bitcoin every single day. The reason why Bitcoin investment is flexible is because you don't need to invest with your survival money anytime you don't have spare one. Just feel relaxed ser and anytime you have spare money you can start buying Bitcoin with it. Buying Bitcoin consistent doesn't mean you are to buy every day (no), you should only buy Bitcoin when you have spare money for it.

However, this comment doesn't feel right because you didn't think of DCA strategy, the bold comment makes it feel like only those set of people without a steady income can not invest into Bitcoin (which is not true). Did you also now that everybody can also invest into Bitcoin? Yes everyone can invest in Bitcoin if they are willing to invest and they have the basic knowledge to start. Even the poor can buy Bitcoin consistently so long as they have something that can provide money for them, even though they don't get paid daily, they can invest in Bitcoin when ever they have spare money. Even an annual salary earners (those who get money annually) can also invest, it doesn't have to be everyday (only when you have spare money).
One important fact about DCA method some people don't understand is that it educates them about the market if you start small and keep up with it, it can also make you understand the importance of being patient too.

So if you don't have a definite source of income, you can not be able to invest by DCA

Wrong, you don't need a regular source of income before you can start buying Bitcoin, just read the above comments

Buying the dip is good but makes you to miss opportunities because you are timing the market.

What if you wait for a very long time and unfortunately there wasn't any dip? One thing you don't understand here is that if you wait for the dip and unfortunately you didn't get a chance to buy the dip when it comes or didn't come is that you will regret it and it might get to the point whereby you won't be able to make a better decision.

[Zackz5000]

DCA strategy is the simplest method of accumulating bitcoin into your portfolio, it gives you the opportunity of a gradual buying of bitcoin without stress or financial stress either as long as your discretionary income is available, dca does not pressurize you to accumulate more than what you can afford .

DCA strategy is very good to every level of investor and if you make your investments rightly there will not be any pressure whatsoever on you because you will always do it when you have your payment made. DCA strategy is only very applicable when you have a regular income job that you're sure of receiving a payment within a specific period of the year, monthly or week.

So if you don't have a definite source of income, you can not be able to invest by DCA, at least not regularly. You can be investing by other means when the income is not very regular. You're at liberty to invest by lump-sum too. Do not think that buying lump-sum has a specific amount that makes it a lump-sum. Buying the dip is good but makes you to miss opportunities because you are timing the market.

Why are you getting your self confused you already said that the DCA strategy is good to every level of investor which includes both regular income earners and non or low income earners and also said that the DCA strategy is ONLY applicable to those regular income earners, what is required to invest in Bitcoin is your discretionary income and the DCA strategy is applicable to BOTH high income earners and low income earners provided you have your discretionary income you can accumulate Bitcoin using the DCA strategy.

[MusaPk]

I dont see anything difficult about combining the three strategy provided you know what you are doing. An investor can be doing DCA strategy using discretionionary income and still apply the other two strategies. An extra cash may rise or a huge sum of money as a gift, an investor can decide to used this huge sum to do lump sum since the money wasn't meant for his or her expenses. It is also possible for an investor to set aside some percentage of there discretionionary income for buying the dip whenever it will occur. I don't see how combining this strategies will become a problem provided you know what you are doing.

If you are accumulating Bitcoin for sometimes and you get some extra cash all of sudden then you won't buy an expensive smartphone with that money rather you will invest all that in Bitcoin as Lump Sum investment. The reason is that as you continue to spend time in accumulating Bitcoins along with your research then you can easily see that investing in Bitcoin for long term is best idea. Whether its investment, sports or any other domain, with time we learn new techniques which help us in better handling of that particular domain. 

[ruykeri]

I agree with you to a certain extent course the DCA(Dollar cost Averaging) gives newbies without much discretionary income the opportunity to buy bitcoin continuously with the little amount they have. It can be on a weekly, monthly basis. It removes the stress of having to perfect time the market and smooth out volatility.
The DCA gives newbies who don't have lot of money but have little to invest the hope that they can also invest in Bitcoin with the little discretionary income they have without having to touch the money meant for other things.

The direction of your words is right. But just doing DCA with discretionary income does not fix everything. The investment process is still incomplete. In case of strong investment, it is necessary to have a strong cashflow, besides this, a back up fund is much more helpful in long time investment. If someone wants to be stable in investment for a long time, then he has to be financially strong to deal with the problems that may arise in life over time. Otherwise, he is forced to sell his bitcoin holding at the wrong time. So that such unwanted braking holding events do not happen in the future, it is necessary to keep a back up fund. Which is better if you can keep it according to the amount of expenses for 3 to 6 months.

[puloweh555]

In my opinion, beginners don't always have to use the DCA technique.

But from my own view, using the DCA strategy is the best way for beginners because new people don’t really understand the market situation well. So after entering the market, if they can learn a bit about bitcoin, it is better to start by investing in bitcoin through DCA. At the same time, while investing with DCA, if they keep learning about the market and also understand bitcoin properly then that will be the best approach.

True. The DCA strategy is actually suitable for anyone because it's one of the simplest strategies and yes, this strategy is especially suitable for beginners with limited knowledge. It's simpler because it's like regularly saving in BTC without having to guess market timing which is certainly difficult for beginners. It also reduces stress, ultimately making it more effective for slowly building wealth for the future.

There are many advantages to using the DCA strategy. Besides not having to monitor market timing you also don't have to worry about buying when prices are rising or falling as the goal is long term. Furthermore, this strategy can cultivate discipline, develop habits and reduce emotions. So overall, this strategy is very suitable for beginners and those with limited funds.

[ejikeme24]

Buying at dip may really sounds good, but usual thing happened is we miss lots of chances doing that.

For those still early in their accumulation journey, I can agree with you since they don't have much stash of BTC, they should consistently purchase without waiting until they have built out a substantial stash for themselves and gone much ahead in their accumulation journey because the waiting strategy is a time wasting and ineffective strategy.
For those who already has lots of BTC and have not reached their target, they can stack up funds and buy the dip if they wish since they've already bought for a considerable while and are sure of what they're doing. As long as such a person does not sell or take profits before he arrives at overaccumulation status, he is fine only buying the dip until he gets there.

Whether substantial or whatever I will suggest that investors should Stick to the ongoing buying of bitcoin and stop figuring out when dip will hapen so they can get started, to me I don't see anything as substantial unless an investor have achieved his investment target if not that I can't suggest that investors should wait to buy the dip I can only give this suggestion that's if an investor have achieved their investment goal because at that time some investors may not have sufficient discretionary to continue investing, so in that case,  some investors might decide to start going with this method of buying the dip because they believe that before dip will happen they must have build their discretionary income.

[Powerjumboo]

I dont see anything difficult about combining the three strategy provided you know what you are doing. An investor can be doing DCA strategy using discretionionary income and still apply the other two strategies. An extra cash may rise or a huge sum of money as a gift, an investor can decide to used this huge sum to do lump sum since the money wasn't meant for his or her expenses. It is also possible for an investor to set aside some percentage of there discretionionary income for buying the dip whenever it will occur. I don't see how combining this strategies will become a problem provided you know what you are doing.

If you are accumulating Bitcoin for sometimes and you get some extra cash all of sudden then you won't buy an expensive smartphone with that money rather you will invest all that in Bitcoin as Lump Sum investment. The reason is that as you continue to spend time in accumulating Bitcoins along with your research then you can easily see that investing in Bitcoin for long term is best idea. Whether its investment, sports or any other domain, with time we learn new techniques which help us in better handling of that particular domain. 

Actually, you should buy what you really need, but if you don't need it, then don't buy it. A few days ago I bought a phone. I really needed the phone, so I sold my saved Bitcoin and bought a mobile phone, but it wasn't very expensive, only $215, I couldn't move forward without the phone. I had to stop all my work, and so I was forced to sell Bitcoin to meet my needs. That's why I want to say that when you really need something, you should buy it, but I won't say anything without reason because investing in Bitcoin without buying anything unnecessary will definitely be profitable.

[JayJuanGee]

DCA strategy is the simplest method of accumulating bitcoin into your portfolio, it gives you the opportunity of a gradual buying of bitcoin without stress or financial stress either as long as your discretionary income is available, dca does not pressurize you to accumulate more than what you can afford .

DCA strategy is very good to every level of investor and if you make your investments rightly there will not be any pressure whatsoever on you because you will always do it when you have your payment made. DCA strategy is only very applicable when you have a regular income job that you're sure of receiving a payment within a specific period of the year, monthly or week.

So if you don't have a definite source of income, you can not be able to invest by DCA, at least not regularly. You can be investing by other means when the income is not very regular. You're at liberty to invest by lump-sum too. Do not think that buying lump-sum has a specific amount that makes it a lump-sum. Buying the dip is good but makes you to miss opportunities because you are timing the market.

DCA does not have to happen at exact intervals or exact amounts in order to still fit into the definition of DCA.

The DCA could be done every time that the person has money available, and he can decide at the time that the money comes how much BTC he is going to buy - perhaps obased on how much discretionary funds he considers to be sufficiently available and he wants to put into bitcoin.

You are correct that lump sum does not have to be any specific amount in order to be considered to be lump sum... perhaps it is a larger amount than the usual buy amounts or maybe it is due to money coming available through unusual means or larger amounts than usual?

Buying the dips may or may not end up happening depending on how low the person expects the BTC price to go before the dip buying would take place.  Buying on dips could supplement DCA and/or lump sum strategies.

DCA strategy is very good to every level of investor and if you make your investments rightly there will not be any pressure whatsoever on you because you will always do it when you have your payment made. DCA strategy is only very applicable when you have a regular income job that you're sure of receiving a payment within a specific period of the year, monthly or week.

So if you don't have a definite source of income, you can not be able to invest by DCA, at least not regularly. You can be investing by other means when the income is not very regular. You're at liberty to invest by lump-sum too. Do not think that buying lump-sum has a specific amount that makes it a lump-sum. Buying the dip is good but makes you to miss opportunities because you are timing the market.

You are holding a wrong knowledge about which source of income should be used for investment and the need for a stable source of income to invest. We need a source of discretionary income to invest. If we invest with our salary and if we have the necessary money in that money, then we will not be able to maintain our investment in the long term. We have to find a source of discretionary income from our salary and continue investing with that amount of money. Discretionary income is the amount of money left after deducting all your expenses, which is called the source of discretionary income.

There is no need to have a source income in order to invest.. All that is needed is discretarionary funds, whether they come from a source income or not.

Of course, the longer the period of time that a person plans to invest in bitcoin, then they presumptively have ongoing expenses and perhaps desires to add to their bitcoin investment on a weekly basis, so discretionary funds could run out if more income does not come available... yet still to get started investing in bitcoin a source income does not need to be in place in order to get started investing in bitcoin.

We do not need a source of stable income to invest. If a person does not have a source of stable income and if he is able to find a source of discretionary income from his unstable source of income, then he can invest.

Ok.  this is correct..

You say one thing, and then you say another thing.  Maybe you just are speaking iwth

I have seen proof of this myself, I have two uncles, one uncle works in a bank and the other uncle works in agriculture. The uncle who works in agriculture has a very unstable source of income and his income is less than the other uncle. But my farmer uncle can find discretionary income from this unstable source of income and invest. On the other hand, my uncle who works in a bank has a very high and stable income but he cannot find discretionary income because his expenses are very high. If we can control our expenses and find a source of discretionary income then we can invest.

O.k. this is a good example.. .so it seems that y in the end you understand the ideas in which sometimes unstable income could still be o.k. if a person figures out ways to invest with what they have and to probably organize their finances in a decent way and prioritize investing, even if their source income is not stable and/or regular..

[BRINIRHA]

DCA strategy is only very applicable when you have a regular income job that you're sure of receiving a payment within a specific period of the year, monthly or week.

I think it's not entirely like that, indeed for DCA it will be more complex when we have a fixed income so we don't have to think more about buying but in some cases I think it's not about how our income affects but how our cash flow is well organized.

Even if we have a fixed income but cannot manage cash flow well then everything will be the same where we cannot do this in a disciplined manner, but it is different when we can manage our cash flow because we can be more prepared and can buy bitcoin even when we do not have a fixed income every month.
Investing in bitcoin for me right now is about how ready we are to buy with money that we can use to buy without being bothered by prices, temporary volatility and ready for all situations because the goals we choose for the long term because DCA will always be synonymous with the long term. The rest having a steady income or not will only be optional.

[PhilosopherKing]

There is no need to have a source income in order to invest.. All that is needed is discretarionary funds, whether they come from a source income or not.

Of course, the longer the period of time that a person plans to invest in bitcoin, then they presumptively have ongoing expenses and perhaps desires to add to their bitcoin investment on a weekly basis, so discretionary funds could run out if more income does not come available... yet still to get started investing in bitcoin a source income does not need to be in place in order to get started investing in bitcoin.

yes your right, what can make person not to invest isn't income , it is if person doesn't own cash that can be afforded to be loose. Person might not have source of a income at the moment but still can have some cash that has been saved for long time. That saved cash is not from a source of a income but person can also use it to start investing.

Like you say, things can get different such as the discretionary fund finishing, and it happens it will be dumb if person now stop investing because of that. So at this point, source of income can now be used to bring in money flow so that investment can be ongoingly maintained. But the source of a income is not what person can use to start.

[Cyber_warrior]

Actually, you should buy what you really need, but if you don't need it, then don't buy it. A few days ago I bought a phone. I really needed the phone, so I sold my saved Bitcoin and bought a mobile phone, but it wasn't very expensive, only $215, I couldn't move forward without the phone. I had to stop all my work, and so I was forced to sell Bitcoin to meet my needs. That's why I want to say that when you really need something, you should buy it, but I won't say anything without reason because investing in Bitcoin without buying anything unnecessary will definitely be profitable.

This is a wrong investment approach and you are getting the whole idea wrong about settling your important needs first before investing. You invested wrongly without proper planning in the first place that's why you had to sell part of your saved Bitcoin to buy a phone. Selling your Bitcoin just to solve a problem means you didn't really invest with a safety net, no back up funds was set in place that's why you had to dip into your Bitcoin.

There's a reason why it is advised to invest with discretionary income that's left after taking care of your necessary expenses and also building a back up fund, it's so you stay invested in Bitcoin for a long term without stress panic or being forced to sell your Bitcoins early just as you did. So you need to learn and understand that Bitcoin are meant to stacked and not sold when a problem arise.

[Cossyblack]

Actually, you should buy what you really need, but if you don't need it, then don't buy it. A few days ago I bought a phone. I really needed the phone, so I sold my saved Bitcoin and bought a mobile phone, but it wasn't very expensive, only $215, I couldn't move forward without the phone. I had to stop all my work, and so I was forced to sell Bitcoin to meet my needs. That's why I want to say that when you really need something, you should buy it, but I won't say anything without reason because investing in Bitcoin without buying anything unnecessary will definitely be profitable.

investing in bitcoin doesn't stop you from attending to your basic needs since you only need discretionary income to invest. Your Bitcoin investment is far more valuable than any mobile phone so selling it just to acquire a mobile is wrong. Instead of selling your bitcoin stash you should have seek another alternatives such as using your reserve fund to acquire it. Tampering with your bitcoin investment should have been your last alternative instead of your first if other alternatives failed. For me, acquiring a phone worth $215 is expensive It is better to purchase a cheaper phone and use the remaining balance to invest in bitcoin.

[cyberninja2]

This is a wrong investment approach and you are getting the whole idea wrong about settling your important needs first before investing. You invested wrongly without proper planning in the first place that's why you had to sell part of your saved Bitcoin to buy a phone. Selling your Bitcoin just to solve a problem means you didn't really invest with a safety net, no back up funds was set in place that's why you had to dip into your Bitcoin.

I think we should be more careful in choosing which is more necessary whether it is the needs that must be met for the family's needs or for the investments we will make because these two things must be prioritized because sometimes the income we have is only sufficient for daily needs or even sufficient for both of these things and this will not be a problem if both of these things are done by someone because if doing both of these things because basically a person still has goals for the future especially if the income generated by someone is sufficient as I mentioned earlier which is that for investment matters it is also sufficient with the income generated and there will be no problems that will approach us as long as everything is sufficient for both of the things we discussed earlier.

Every time we do something of course we have to adjust which one we should prioritize first according to the income we have and if both activities are sufficient of course that is one of the things that will make us someone who will reap or produce success in doing both things that are our priority as the owner especially by investing in Bitcoin the thing that must be done to reach the desired point is to use the long term one of the things that is required because this is in accordance with the sufficient income generated by us as the people who do it.

[Tungbulu]

DCA strategy is the simplest method of accumulating bitcoin into your portfolio, it gives you the opportunity of a gradual buying of bitcoin without stress or financial stress either as long as your discretionary income is available, dca does not pressurize you to accumulate more than what you can afford .

DCA strategy is very good to every level of investor and if you make your investments rightly there will not be any pressure whatsoever on you because you will always do it when you have your payment made. DCA strategy is only very applicable when you have a regular income job that you're sure of receiving a payment within a specific period of the year, monthly or week.

So if you don't have a definite source of income, you can not be able to invest by DCA, at least not regularly. You can be investing by other means when the income is not very regular. You're at liberty to invest by lump-sum too. Do not think that buying lump-sum has a specific amount that makes it a lump-sum. Buying the dip is good but makes you to miss opportunities because you are timing the market.

DCA does not have to happen at exact intervals or exact amounts in order to still fit into the definition of DCA.

The DCA could be done every time that the person has money available, and he can decide at the time that the money comes how much BTC he is going to buy - perhaps obased on how much discretionary funds he considers to be sufficiently available and he wants to put into bitcoin.

You are correct that lump sum does not have to be any specific amount in order to be considered to be lump sum... perhaps it is a larger amount than the usual buy amounts or maybe it is due to money coming available through unusual means or larger amounts than usual?

Buying the dips may or may not end up happening depending on how low the person expects the BTC price to go before the dip buying would take place.  Buying on dips could supplement DCA and/or lump sum strategies.

Yeah, the problem with some investors is that, they treat the DCA strategy like some kind of a strict mathematical formula where you need to maintain the same time and same amount without deviations, when DCA is in reality more of a guiding principle than a rigid rule book. The main idea of the DCA strategy is to encourage consistency of participation, and not to perfect a particular timing or amounts. The best part is that, even if an investor is still deploying capital whenever it’s available but is still able to maintain the discipline about not overextending, that there still kinda captures the idea of DCA.

At the same time, there’s still a very subtle balance that one should still try to watch out for. The moment some investors begin to start to invest based on amounts they feel like investing at that moment, it can become easier to for the investor to drift from a structured accumulation, so this is something investors need to balance. Although, this may not really be necessarily a bad thing, but the truth is that it kinda gives more room for biases, particularly in a volatile market like Bitcoin, where sentiments and emotions can swing really quickly. So in my opinion, if there must be flexibility in a DCA strategy, then there’s got to at least be a baseline commitment underneath it, this serves as a kind of a cushion for the strategy, so even if the top fluctuates, that baseline commitment still puts you in adequate check so you don’t cross the safety line.

I also think your point about the lump sum is also very important too because some investors tend to over complicate that too. The lump some isn’t just about the size, because when people mention the lump sum strategy, the first thing that comes into the minds of some investors is a very humongous capital, which isn’t accurately defined. The lump sum is more about the intent. It’s simply just deploying all your capitals in one go, instead of having to narrow down the interval and making it regular, usually due to some changes in circumstances. The most important thing isn’t about how big the capital is but whether the decision to deploy that capital in a go actually fits into the bigger picture, and not about meeting some humongous threshold.

And then we have buying the dips, which looks so simple, as simple as just waiting for price to drop, you go in, buy some cornz and watch your money grow with the next price surge, but in reality, this is usually where a lot of investors trip and fall badly. When you look at this approach theoretically, you’ll notice that this approach complements both the DCA and the lump sum approach nicely. In practice, this approach requires you to first define what a DIP really is, even before that time eventually comes, else you might just end up waiting fruitlessly for an unrealistic price drop that you just might not ever end up seeing or you’ll end up burning through your capital just too early because every single slight drop might feel like that opportunity.

[Promocodeudo]

I have seen proof of this myself, I have two uncles, one uncle works in a bank and the other uncle works in agriculture. The uncle who works in agriculture has a very unstable source of income and his income is less than the other uncle. But my farmer uncle can find discretionary income from this unstable source of income and invest. On the other hand, my uncle who works in a bank has a very high and stable income but he cannot find discretionary income because his expenses are very high. If we can control our expenses and find a source of discretionary income then we can invest.

What happened here is that your uncle that works in the bank whose income is stable may not know how to figure out his discreationary income to invest in Bitcoin or he's not interested in Bitcoin investment while the one with unstable income understands what discreationary income means and how to figure it out, I think this is a very big lesson to those that think that having a stable income is what we need to invest in Bitcoin without knowing that what we actually need is the discreationary income to invest in Bitcoin.

[Showlove01]

I dont see anything difficult about combining the three strategy provided you know what you are doing. An investor can be doing DCA strategy using discretionionary income and still apply the other two strategies. An extra cash may rise or a huge sum of money as a gift, an investor can decide to used this huge sum to do lump sum since the money wasn't meant for his or her expenses. It is also possible for an investor to set aside some percentage of there discretionionary income for buying the dip whenever it will occur. I don't see how combining this strategies will become a problem provided you know what you are doing.

If you are accumulating Bitcoin for sometimes and you get some extra cash all of sudden then you won't buy an expensive smartphone with that money rather you will invest all that in Bitcoin as Lump Sum investment. The reason is that as you continue to spend time in accumulating Bitcoins along with your research then you can easily see that investing in Bitcoin for long term is best idea. Whether its investment, sports or any other domain, with time we learn new techniques which help us in better handling of that particular domain. 

Actually, you should buy what you really need, but if you don't need it, then don't buy it. A few days ago I bought a phone. I really needed the phone, so I sold my saved Bitcoin and bought a mobile phone, but it wasn't very expensive, only $215, I couldn't move forward without the phone. I had to stop all my work, and so I was forced to sell Bitcoin to meet my needs. That's why I want to say that when you really need something, you should buy it, but I won't say anything without reason because investing in Bitcoin without buying anything unnecessary will definitely be profitable.

This means you have been following this thread without understanding what JJG and some other persons have been saying here, why would you sell your Bitcoin investment to get a phone? Is that what a real investor is supposed to do? This shows that the money you have been using to accumulate Bitcoin is not what you can afford to lose ( not your discrestionary income) because if it was your discrestionary you wouldn't dare to sell your Bitcoin investment. So what happened to your emergency funds? Or you don't have? Selling some part of your Bitcoin when you have not gotten to overaccumulation stage is not advisable because you will be tempted to do it next time and it will become trading.

[MusaPk]

Actually, you should buy what you really need, but if you don't need it, then don't buy it. A few days ago I bought a phone. I really needed the phone, so I sold my saved Bitcoin and bought a mobile phone, but it wasn't very expensive, only $215, I couldn't move forward without the phone. I had to stop all my work, and so I was forced to sell Bitcoin to meet my needs. That's why I want to say that when you really need something, you should buy it, but I won't say anything without reason because investing in Bitcoin without buying anything unnecessary will definitely be profitable.

There is difference between necessity and luxury. Smart phone is not a luxury its a necessity but an expensive smartphone like iPhone 17 is a luxury. A smartphone of price 200$ and 2000$ both can serve the purpose. This is why I am of the view to not invest in luxury things because they lose there value over period of time but money invested in Bitcoin increases its value over period of time. Once you start accumulating Bitcoin and see its price increase over a period of time, then it becomes easy for you to give up spending's on luxury items and invest that in Bitcoin.