Does the DCA strategy inspire newbies to invest?

[Emmanuel9977]

You can actually DCA in bulk if you have the means to and that's how to take advantage of the DCA method when you know that you have the financial power to buy in bulk. The only down side of buying in bulk happens when you're buying with everything you've got without proper provision for other things that helps you remain invested till you've attained your investment goal.

The people that dare to invest aggressively are the ones that ends in profit when there's a bull but you've got to also note that not everyone has what it takes for aggressive investment in bitcoin. Depending on your income, you can DCA with $200, $400, $500 and even more than a thousand dollar at a go. While these amount can be an individual daily DCA budget, some investors that are not that financially bouyant might tag it an amount for bulk purchase which just goes to show the how different investors views a particular amount used in bitcoin investment. What's a bulk amount for you might be my regular DCA budget.

Buying aggressively is not a bad thing, for me I strongly advise people to be aggressive with their buys if they have means because in the long run your benefits is strongly determined by how much you put into your investment. Yet we still need to understand that accumulating aggressively shouldn't be done carelessly. To get aggressive one must ensure that they are not affected in any way, their necessary expenses must be settled as usual and back up funds needs to be put in place as well and only accumulate aggressively with discretionary income so it means you must have enough discretionary income to be able to invest aggressively.

Aggressive accumulation should not be forced when you cannot afford it yet, if you don't have enough discretionary income to buy aggressively or if taking care of your needs will be affected then you shouldn't go aggressive yet, you should look for how to increase your income so as to have enough discretionary income to comfortably get aggressive.

It is smart to invest in the crypto market with money or money left over after paying for important things. I have seen people invest a lot without having savings or emergency funds and they end up selling their crypto in a panic when the market drops.

To make profits over time you need to have a lot of money to invest.. It's even more important to be able to stay in the market. You should only invest aggressively after making sure you have money set aside for living costs and emergencies. If you can't afford to take risks focus on getting skills and making more money from a job. This way you will have freedom in the long run.

Yes I agreed with you, before you Invest all your money into crypto first all remember that any crypto is a long time run, and it always take same years before it accumulate, with my research I understand that some people don't understand crypto, I we advice you that before you go into crypto you need to have the idea before you end up losing money, crypto is not what you we see and rush into, before you go onto crypto you have to have some knowledge. and during the investment don have the thought to invest all your money, you to have discretionary funds so that it we not affect you when you invest.

[avp2306]

Yes, the DCA method plays a major role in investing in Bitcoin, it is a matter of patience and plays the most role in maintaining Bitcoin investment for a long time. This helps a person with a low income to invest in Bitcoin, in the current position, Bitcoin investment is the most popular and profitable way, but it is possible to achieve this by being patient for a long time. But those who want to become rich by investing in Bitcoin using the DCA method will never be able to do so, so using the DCA method, it will be necessary to be patient and increase the portfolio by investing small amounts.
Only through this strategy will it be possible to move forward into the future, and it will be easy for him to keep Bitcoin investment for a long time.

What DCA does is make everyone equal. It demonstrates that you do not have to have much of money to begin to create monetary future, just disciplined plan. Low income saver can gradually build up solid portfolio over time with knowledge that they have made small, regular investments and can weather down days. It converts Bitcoin into savings account that will increase over time.
I think for me "warning" isbest part of your point about expectations. DCA is not way to get rich quickly, but other helping you to build your wealth slowly over time. Those who are seeking quick millions will become impatient and will sell too soon. Idea behind long term strategy is to accumulate large portfolio over number of years and be patient. Real money security is to cease to chase short money and to build solid base for future.

DCA could make the field became equal for investors, this shows that people don't need big capital to start their investment. What usually needed here is their patience and discipline.

What matter the most is they are consistent even if they can afford to spend small amount for now, somehow those Bitcoins that they can accumulate will somehow turn into same like savings plan which can grow and harvest in future. Also what they need to know if they choose long therm this is not easy way to get rick easily. Usually those people chase for quick profits will eventually lost their patience then sell early.

They can build their wealth for long term consistent action and not for always trying to spot short term quick gains.

[Jostern]

It's good that you agree with me. But you called aggressive investing directly risky. That means that according to your statement, we should not invest aggressively in huge amounts. But the reality is a little different. In fact, investing in large amounts is not always wrong, if that amount comes from discretionary income. If someone has a really large amount of investable money, emergency funds, no debt pressure and has a mindset of holding it for the long term, then aggressive investing can be reasonable. We just have to take care that in case of aggressive investing, we understand our cash flow properly. Buying outright is not really a problem, the main problem is waiting for DIP and buying based on emotions without planning and relying on the necessary money beyond our capacity.

Aggressive accumulation of Bitcoin is never a problem if you are doing it from your discretionary income, besides it's even a good practice that really helps you get to your over accumulation status faster, just that most investors get carried away by being too aggressive, and they go beyond their discretionary income, which most times put them in difficult state, but if you can stay within the confinement of your discretionary income while accumulating bitcoin aggressively and consistently, then you will be fine.
 You wouldn't have to be forced in putting your Bitcoin investment to a halt or tempering with it later in the future because you are doing it the right way, not by going beyond it that will only land you in trouble.

There is nothing absolutely wrong with being aggressive with your bitcoin investments, considering that you have a discretionary income or discretionary amount, if you’re buying and accumulating aggressively in a wise manner then it’s good because it gives you a better leverage to have more bitcoin accumulation into your portfolio.

There is a better way of buying and accumulating aggressively, the most important thing is being cautious and careful with your aggressiveness to know when to be aggressive and when not to be aggressive that is what is very important in terms of buying and accumulating bitcoin.

[Hardyrobust]

You can actually DCA in bulk if you have the means to and that's how to take advantage of the DCA method when you know that you have the financial power to buy in bulk. The only down side of buying in bulk happens when you're buying with everything you've got without proper provision for other things that helps you remain invested till you've attained your investment goal.

The people that dare to invest aggressively are the ones that ends in profit when there's a bull but you've got to also note that not everyone has what it takes for aggressive investment in bitcoin. Depending on your income, you can DCA with $200, $400, $500 and even more than a thousand dollar at a go. While these amount can be an individual daily DCA budget, some investors that are not that financially bouyant might tag it an amount for bulk purchase which just goes to show the how different investors views a particular amount used in bitcoin investment. What's a bulk amount for you might be my regular DCA budget.

Buying aggressively is not a bad thing, for me I strongly advise people to be aggressive with their buys if they have means because in the long run your benefits is strongly determined by how much you put into your investment. Yet we still need to understand that accumulating aggressively shouldn't be done carelessly. To get aggressive one must ensure that they are not affected in any way, their necessary expenses must be settled as usual and back up funds needs to be put in place as well and only accumulate aggressively with discretionary income so it means you must have enough discretionary income to be able to invest aggressively.

Aggressive accumulation should not be forced when you cannot afford it yet, if you don't have enough discretionary income to buy aggressively or if taking care of your needs will be affected then you shouldn't go aggressive yet, you should look for how to increase your income so as to have enough discretionary income to comfortably get aggressive.

It is smart to invest in the crypto market with money or money left over after paying for important things. I have seen people invest a lot without having savings or emergency funds and they end up selling their crypto in a panic when the market drops.

To make profits over time you need to have a lot of money to invest.. It's even more important to be able to stay in the market. You should only invest aggressively after making sure you have money set aside for living costs and emergencies. If you can't afford to take risks focus on getting skills and making more money from a job. This way you will have freedom in the long run.

Yes I agreed with you, before you Invest all your money into crypto first all remember that any crypto is a long time run, and it always take same years before it accumulate, with my research I understand that some people don't understand crypto, I we advice you that before you go into crypto you need to have the idea before you end up losing money, crypto is not what you we see and rush into, before you go onto crypto you have to have some knowledge. and during the investment don have the thought to invest all your money, you to have discretionary funds so that it we not affect you when you invest.

It is very wrong of you to used the term crypto while referring to bitcoin. Using crypto to here means you are referring to different shitcoin that is not worthy of investing in. So it is wrong for anyone to invest in shitcoin and even think of holding it for a long time. The main reason why you need to used bitcoin if you are actually referring to it is because when you said crypto there are many projects under the name crypto and they are nothing compared to bitcoin.

[Merit.s]

Yes I agreed with you, before you Invest all your money into crypto first all remember that any crypto is a long time run, and it always take same years before it accumulate, with my research I understand that some people don't understand crypto, I we advice you that before you go into crypto you need to have the idea before you end up losing money, crypto is not what you we see and rush into, before you go onto crypto you have to have some knowledge. and during the investment don have the thought to invest all your money, you to have discretionary funds so that it we not affect you when you invest.

I beg your pardon, stop calling bitcoin crypto because you can confuse and mislead newbies reading your post. We are talking about bitcoin and only bitcoin investment is worth investing in. If you use the word crypto, it means that you're comparing all those shitcoins with bitcoin which is wrong. Any coin that is not bitcoin is shitcoins and shitcoins is gambling because you end up in big losses and regrets if you invest in them because they're created to scam people.

There is a better way of buying and accumulating aggressively, the most important thing is being cautious and careful with your aggressiveness to know when to be aggressive and when not to be aggressive that is what is very important in terms of buying and accumulating bitcoin.

Being aggressive is good as long as you are doing it within your discretionary income because it boost your bitcoin portfolio faster and you will reach your bitcoin target quick. Those  with organized cash inflow management and have can buy aggressively without any problem. It becomes a problem when you are over doing it because you're buying beyond your discretionary income and that's gambling.

[ZeroVinsonN]

It is smart to invest in the crypto market with money or money left over after paying for important things. I have seen people invest a lot without having savings or emergency funds and they end up selling their crypto in a panic when the market drops.

To make profits over time you need to have a lot of money to invest.. It's even more important to be able to stay in the market. You should only invest aggressively after making sure you have money set aside for living costs and emergencies. If you can't afford to take risks focus on getting skills and making more money from a job. This way you will have freedom in the long run.

It is smarter to invest in bitcoin rather than on an altcoin that in no way is a credible and investment worthy as bitcoin is, it's best to know what you want to invest in rather than just proclaiming crypto as the target of your investment plans.
What a person needs to invest is their discretionary income and their aggressiveness is dependent on how much of their discretionary income their are willing to invest in bitcoin with, setting up an emergency fund requires them to do so from their discretionary income which means that their level of aggressiveness will not be as high when they are still saving up for emergency when compared to when they've finished setting up their emergency fund, of course everything is still dependent on whether or not they want to be aggressive since an investor can still decide to not be aggressive even though their backup funds have been taken care of.

[SPIDERMAN008]

Yes I agreed with you, before you Invest all your money into crypto first all remember that any crypto is a long time run, and it always take same years before it accumulate, with my research I understand that some people don't understand crypto, I we advice you that before you go into crypto you need to have the idea before you end up losing money, crypto is not what you we see and rush into, before you go onto crypto you have to have some knowledge. and during the investment don have the thought to invest all your money, you to have discretionary funds so that it we not affect you when you invest.

It is very wrong of you to used the term crypto while referring to bitcoin. Using crypto to here means you are referring to different shitcoin that is not worthy of investing in. So it is wrong for anyone to invest in shitcoin and even think of holding it for a long time. The main reason why you need to used bitcoin if you are actually referring to it is because when you said crypto there are many projects under the name crypto and they are nothing compared to bitcoin.

It is normal for beginners to make such mistakes. But they need to be properly explained that crypto and Bitcoin are not the same thing. Because if this is not made clear, then in the future they may misunderstand and invest in other altcoins. Most altcoins are created for scamming people. Which becomes sometimes completely like gambling. And by investing in Bitcoin, you do not have to be a victim of any kind of fraud. Because Bitcoin has no controller. You can buy and hold Bitcoin independently. And Bitcoin is in the most powerful position in the market. Other assets in the world such as gold, land, real-estate are also compared to Bitcoin. If these things are not explained properly to beginners, they will make a mistake and invest in fraudulent tokens in the beginning. Then if they suffer major losses, they will lose confidence in Bitcoin as well.

[Creeper0]

Being aggressive is good as long as you are doing it within your discretionary income because it boost your bitcoin portfolio faster and you will reach your bitcoin target quick. Those  with organized cash inflow management and have can buy aggressively without any problem. It becomes a problem when you are over doing it because you're buying beyond your discretionary income and that's gambling.

To be aggressive in investing, a person must be knowledgeable about investments, financial management, and risk management. That is, despite having a prudent financial position, I try to advise an inexperienced or new investor not to be aggressive. The main reason for this is that due to inexperience, one makes a mistake in understanding one's position and making a mistake in determining the level of aggression. Apart from that, I do not see any major harm in adopting an aggressive attitude in investing as much as one can, if even an inexperienced or a new investor can understand the right level, it may be based on the advice of an experienced investor. In this case, it may be necessary for that advisor to know about your overall situation. It is more important to protect the investment fund than to move forward quickly in the investment.

[Loyang]

Yes I agreed with you, before you Invest all your money into crypto first all remember that any crypto is a long time run, and it always take same years before it accumulate, with my research I understand that some people don't understand crypto, I we advice you that before you go into crypto you need to have the idea before you end up losing money, crypto is not what you we see and rush into, before you go onto crypto you have to have some knowledge. and during the investment don have the thought to invest all your money, you to have discretionary funds so that it we not affect you when you invest.

It is very wrong of you to used the term crypto while referring to bitcoin. Using crypto to here means you are referring to different shitcoin that is not worthy of investing in. So it is wrong for anyone to invest in shitcoin and even think of holding it for a long time. The main reason why you need to used bitcoin if you are actually referring to it is because when you said crypto there are many projects under the name crypto and they are nothing compared to bitcoin.

It is normal for beginners to make such mistakes. But they need to be properly explained that crypto and Bitcoin are not the same thing. Because if this is not made clear, then in the future they may misunderstand and invest in other altcoins. Most altcoins are created for scamming people. Which becomes sometimes completely like gambling. And by investing in Bitcoin, you do not have to be a victim of any kind of fraud. Because Bitcoin has no controller. You can buy and hold Bitcoin independently. And Bitcoin is in the most powerful position in the market. Other assets in the world such as gold, land, real-estate are also compared to Bitcoin. If these things are not explained properly to beginners, they will make a mistake and invest in fraudulent tokens in the beginning. Then if they suffer major losses, they will lose confidence in Bitcoin as well.

Without comparing Bitcoin with anyone, if we talk about the success and qualities of Bitcoin, then maybe it will be better for beginners. Because Bitcoin is definitely a hundred times better asset than gold, land, real estate. Bitcoin is hundred times better in all aspects of value and transaction.

Bitcoin:
It is very easy to transact
We can convert it into money at any time
Even if we have $10 discretionary income, we can buy Bitcoin
Bitcoin can be easily transferred from one place to another

Gold:
Compared to Bitcoin, gold is a little more difficult to transact
It requires a lot of money to buy gold
There are many problems to face in transferring it.

Real estate too:
It requires a lot of money to invest
When you need money, it takes a lot of time to sell the investment.

Etc., in many such aspects, Bitcoin is in a hundred times better position than gold, land, real estate. So if we present all the aspects of Bitcoin to everyone, it might be the right direction.

[ejikeme24]

Yes I agreed with you, before you Invest all your money into crypto first all remember that any crypto is a long time run, and it always take same years before it accumulate, with my research I understand that some people don't understand crypto, I we advice you that before you go into crypto you need to have the idea before you end up losing money, crypto is not what you we see and rush into, before you go onto crypto you have to have some knowledge. and during the investment don have the thought to invest all your money, you to have discretionary funds so that it we not affect you when you invest.

It is very wrong of you to used the term crypto while referring to bitcoin. Using crypto to here means you are referring to different shitcoin that is not worthy of investing in. So it is wrong for anyone to invest in shitcoin and even think of holding it for a long time. The main reason why you need to used bitcoin if you are actually referring to it is because when you said crypto there are many projects under the name crypto and they are nothing compared to bitcoin.

You know I have seen a lot of people out there using this term "crypto" while referring to bitcoin investment, I think Emmanuel9977 is used to the term "crypto" but here we don't refer to bitcoin using that term if you talk about crypto you're talking about shitcoin and even meme coins and alt coins. However crypto is like a general name, so while giving reference or making explanations you need to be specific about the coin you're talking about and don't use the term crypto for the sake of those who are still new in this space so that they don't get mislead.

[Futurexxx]

Without comparing Bitcoin with anyone, if we talk about the success and qualities of Bitcoin, then maybe it will be better for beginners. Because Bitcoin is definitely a hundred times better asset than gold, land, real estate. Bitcoin is hundred times better in all aspects of value and transaction.

Bitcoin:
It is very easy to transact
We can convert it into money at any time
Even if we have $10 discretionary income, we can buy Bitcoin
Bitcoin can be easily transferred from one place to another

Gold:
Compared to Bitcoin, gold is a little more difficult to transact
It requires a lot of money to buy gold
There are many problems to face in transferring it.

Real estate too:
It requires a lot of money to invest
When you need money, it takes a lot of time to sell the investment.

Etc., in many such aspects, Bitcoin is in a hundred times better position than gold, land, real estate. So if we present all the aspects of Bitcoin to everyone, it might be the right direction.

In the past ten years Bitcoin was the best performaning asset, it outperform gold , real estate and other real life asset we have in the world and in our society. Why Bitcoin remains the most lucrative and logical asset to invest in right now is because it's still far from getting to it peak price, unlike gold that has been in existence since the beginning of mankind.
So due to the fact that Bitcoin still has a lot of potential ahead of him, It's more wise to invest more in Bitcoin than other real life asset that wouldn't give you such ROI that Bitcoin can give over a long period of time.

[JayJuanGee]

[edited out]

That is why basic knowledge is necessary before starting Bitcoin investment because with the basic knowledge one will be able to know the difference between exchange and wallet and also know that exchange is no better place to store or keep our Bitcoin. So missing the basic knowledge about Bitcoin before starting is a big disadvantage because it will affect an investor in one way or the other. However, the basic knowledge also help an investor to adapt and understand fast while accumulating.

I don't see why a person needs to know the difference between an exchange wallet and a personal wallet prior to getting started.    

Why can't he start as long as he has discretionary funds?

You can actually DCA in bulk if you have the means to and that's how to take advantage of the DCA method when you know that you have the financial power to buy in bulk. The only down side of buying in bulk happens when you're buying with everything you've got without proper provision for other things that helps you remain invested till you've attained your investment goal.

The people that dare to invest aggressively are the ones that ends in profit when there's a bull but you've got to also note that not everyone has what it takes for aggressive investment in bitcoin. Depending on your income, you can DCA with $200, $400, $500 and even more than a thousand dollar at a go. While these amount can be an individual daily DCA budget, some investors that are not that financially bouyant might tag it an amount for bulk purchase which just goes to show the how different investors views a particular amount used in bitcoin investment. What's a bulk amount for you might be my regular DCA budget.

Buying aggressively is not a bad thing, for me I strongly advise people to be aggressive with their buys if they have means because in the long run your benefits is strongly determined by how much you put into your investment. Yet we still need to understand that accumulating aggressively shouldn't be done carelessly. To get aggressive one must ensure that they are not affected in any way, their necessary expenses must be settled as usual and back up funds needs to be put in place as well and only accumulate aggressively with discretionary income so it means you must have enough discretionary income to be able to invest aggressively.

Aggressive accumulation should not be forced when you cannot afford it yet, if you don't have enough discretionary income to buy aggressively or if taking care of your needs will be affected then you shouldn't go aggressive yet, you should look for how to increase your income so as to have enough discretionary income to comfortably get aggressive.

Buying aggressive versus whimpy is not a question of how much money the guy makes but instead a description of what portion of his discretionary income he is using to buy bitcoin versus saving versus discretionarily consuming.  I recently updated my opening post 2 in my investment ideas thread to help to highlight the descriptive differences between aggressive bitcoin investing and whimpy investing.

[edited out]

If your income is weekly, you buy weekly and if it's monthly, you buy monthly with your discretionary income with consistency and persistency for 4-10 years and above till you reach your bitcoin target. If you want to wait till you have a lot of money, you might end up not investing at all.

Personally, I tend to recommend that beginner investors try to put systems in place so that that they are trying to buy bitcoin every week, no matter how frequently they are receiving pay.  

With the passage of time, bitcoin investors should be able to strengthen their cashflow management practices /systems in such a way that they are in control of how they invest/save/consume their discretionary funds, and the longer that we are building both our bitcoin investment and our cashflow management systems/practices the larger our funds are likely to become which means our wealth is building and our options are increasing - we are less and less controlled by fluctuations in our income and/or our expenses, even though surely it can take time to build up such strength..

and it helps to figure out ways to strengthen our income and control our expenses (especially in the beginning) and we can become more and more relaxed about our bitcoin investment and cashflow management systems as our wealth grows (as seen through the size of our bitcoin investment and the strength of our cashflow management through the size of our back up funds).

There is a better way of buying and accumulating aggressively, the most important thing is being cautious and careful with your aggressiveness to know when to be aggressive and when not to be aggressive that is what is very important in terms of buying and accumulating bitcoin.

Being aggressive is good as long as you are doing it within your discretionary income because it boost your bitcoin portfolio faster and you will reach your bitcoin target quick. Those  with organized cash inflow management and have can buy aggressively without any problem. It becomes a problem when you are over doing it because you're buying beyond your discretionary income and that's gambling.

A guy could "overinvest" into bitcoin even if he does not go beyond his discretionary funds if he does not  save enough for his back up funds and/or for his discretionary consumption.  There is a need for any investor to pay attention to his spending in all three categories of investment, savings and discretionary consumption, and if he is not adequately balancing, then he can end up getting himself into trouble financially and/or psychologically and causing him to have to sell some (or all) of his bitcoin at a time that is not at his own choosing.

Being aggressive is good as long as you are doing it within your discretionary income because it boost your bitcoin portfolio faster and you will reach your bitcoin target quick. Those  with organized cash inflow management and have can buy aggressively without any problem. It becomes a problem when you are over doing it because you're buying beyond your discretionary income and that's gambling.

To be aggressive in investing, a person must be knowledgeable about investments, financial management, and risk management. That is, despite having a prudent financial position, I try to advise an inexperienced or new investor not to be aggressive. The main reason for this is that due to inexperience, one makes a mistake in understanding one's position and making a mistake in determining the level of aggression. Apart from that, I do not see any major harm in adopting an aggressive attitude in investing as much as one can, if even an inexperienced or a new investor can understand the right level, it may be based on the advice of an experienced investor. In this case, it may be necessary for that advisor to know about your overall situation. It is more important to protect the investment fund than to move forward quickly in the investment.

I am not sure about any needs for strong knowledge (or expertise), since a lot of the skills to invest in bitcoin are within the grasp of normal people, and they can also buttress their skills through ongoing practice and experience.

I do agree that a guy who invests more aggressively (or even as aggressively as he can without over doing it), he is likely to be in better shape if he builds and maintains strong cashflow management practices that include building and maintaining decent amounts of back up funds, in case he makes some mistakes and/or he might suffer some unexpected decreases in his income and/or increases in his expenses.. So if he ends up screwing up, he has no one to blame but himself, so sometimes it is better to hold back a bit on the aggressiveness so that a guy does not accidentally end up overdoing it and suffering damages that could have had been avoided.

Bitcoin:
It is very easy to transact
We can convert it into money at any time
Even if we have $10 discretionary income, we can buy Bitcoin
Bitcoin can be easily transferred from one place to another

Of course bitcoin is better than various other assets in a large number of ways and also in a large quantity of greater value in bitcoin based on its attributes, and we can use monetary characteristics in order to describe each of the assets that we are comparing to bitcoin in order to recognize and appreciate bitcoin's relative higher value as compared with other assets..

So bitcoin is superior in terms of its transportability, verifiability, divisibility, scarcity, ability to transact and hold without 3rd party intervention and/or fees and various other qualities.

Of course, there have been and continue to be ongoing attacks on bitcoin that especially seem to be interfering with its abilities to be transacted peer to peer and held directly without oversight and/or intervention.  So there is ongoing irritation in regards to various ongoing attacks that also frequently try to act as if they were not attacks by trying to coerce or trick bitcoin users into using paper bitcoin rather than real bitcoin.

[Rustam Meraj]

Of course bitcoin is better than various other assets in a large number of ways and also in a large quantity of greater value in bitcoin based on its attributes, and we can use monetary characteristics in order to describe each of the assets that we are comparing to bitcoin in order to recognize and appreciate bitcoin's relative higher value as compared with other assets..

So bitcoin is superior in terms of its transportability, verifiability, divisibility, scarcity, ability to transact and hold without 3rd party intervention and/or fees and various other qualities.

Of course, there have been and continue to be ongoing attacks on bitcoin that especially seem to be interfering with its abilities to be transacted peer to peer and held directly without oversight and/or intervention.  So there is ongoing irritation in regards to various ongoing attacks that also frequently try to act as if they were not attacks by trying to coerce or trick bitcoin users into using paper bitcoin rather than real bitcoin.

Indeed, in comparison with conventional assets such as gold, or cash, bitcoin may be more well designed. Easy to move, easy to check and no one government can make more of it. With all these hard monetary facts it is one of most valuable things for anyone who would want to have monetary freedom without having to rely on bank.
But, at the moment, most dangerous thing has nothing to do with Bitcoin code, it is way people are compelled to use it. Centralized bank wallets and ETFs are examples of paper Bitcoin which, behind the scenes, take peer-to-peer away from asset. They would prefer that users do business on screen other than keeping coins in their own wallets. Basically, if everyday users want to sacrifice their own private keys for convenience and opt-in for this new banking system in the crypto world, then whole idea of Bitcoin is lost.

[Nheer]

Buying aggressively is not a bad thing, for me I strongly advise people to be aggressive with their buys if they have means because in the long run your benefits is strongly determined by how much you put into your investment. Yet we still need to understand that accumulating aggressively shouldn't be done carelessly. To get aggressive one must ensure that they are not affected in any way, their necessary expenses must be settled as usual and back up funds needs to be put in place as well and only accumulate aggressively with discretionary income so it means you must have enough discretionary income to be able to invest aggressively.

Aggressive accumulation should not be forced when you cannot afford it yet, if you don't have enough discretionary income to buy aggressively or if taking care of your needs will be affected then you shouldn't go aggressive yet, you should look for how to increase your income so as to have enough discretionary income to comfortably get aggressive.

Buying aggressive versus whimpy is not a question of how much money the guy makes but instead a description of what portion of his discretionary income he is using to buy bitcoin versus saving versus discretionarily consuming.  I recently updated my opening post 2 in my investment ideas thread to help to highlight the descriptive differences between aggressive bitcoin investing and whimpy investing.

You're right, I actually had the right idea in mind but ended up explaining it wrongly and end up laying more emphasis on sustainability and making sure people don't neglect their responsibilities or back up funds in the process of getting more aggressive with their accumulation.
Thanks for pointing it out to me, I'll try to be more careful how I explain it from now. Aggressive accumulation is more of the percentage of discretionary income one allocate into buying Bitcoin and not the amount they have. It's true two people can earn the same amount but one can be more aggressive in his accumulation because he allocates more into Bitcoin than the other, and yet even if income increases later it does not automatically make the person more aggressive if he still allocates the same amount in Bitcoin.

[B-BossMan]

[edited out]

If your income is weekly, you buy weekly and if it's monthly, you buy monthly with your discretionary income with consistency and persistency for 4-10 years and above till you reach your bitcoin target. If you want to wait till you have a lot of money, you might end up not investing at all.

Personally, I tend to recommend that beginner investors try to put systems in place so that that they are trying to buy bitcoin every week, no matter how frequently they are receiving pay.  

With the passage of time, bitcoin investors should be able to strengthen their cashflow management practices /systems in such a way that they are in control of how they invest/save/consume their discretionary funds, and the longer that we are building both our bitcoin investment and our cashflow management systems/practices the larger our funds are likely to become which means our wealth is building and our options are increasing - we are less and less controlled by fluctuations in our income and/or our expenses, even though surely it can take time to build up such strength..

and it helps to figure out ways to strengthen our income and control our expenses (especially in the beginning) and we can become more and more relaxed about our bitcoin investment and cashflow management systems as our wealth grows (as seen through the size of our bitcoin investment and the strength of our cashflow management through the size of our back up funds).

I agree with you on this  approach, If really some folks or newbies rather can successfully set up a system of buying bitcoin every week irrespective of of how they get paid, weather weekly or even monthly, they will most likely see a massive growth over time, well the main ideas is to friction and emotions from the process, once thier purchasing process becomes automatic, they no longer waste time contemplating weather to buy it now or wait for the perfect price, instead. They simply use whatever discretionary income is readily available and keep accumulating bitcoin steadily over time. Moreover even if some people get paid monthly they can still divert some or divides their funds and execute weekly purchases, what really matters most is consistency and patience, over time, so people need to built disciplines, strengthen thier savings,because that keeps the investors focused on long-term accumulation rather than short-term market movements, that is one of the greatest advantages of Dollar-Cost Averaging because it makes investing easier and safer less stressful and sustainable for both beginners and experienced investors. Also cashflow management is very important because every investors need to know what goes out and what remains available for discretionary spending into bitcoin investment. At yhe beginning the process may seems slow, but after several years many they are on far and stronger financial position than those who kept waiting to timing the market or delay thier investment until they felt completely ready.

[Charcol]

Yes I agreed with you, before you Invest all your money into crypto first all remember that any crypto is a long time run, and it always take same years before it accumulate, with my research I understand that some people don't understand crypto,

Since we are discussing the topic of saving with DCA strategy for beginners in buying Bitcoin, it is misleading to lump Bitcoin with all cryptos, altcoins or shitcoins. I do not consider Bitcoin to be a common crypto market, but Bitcoin is completely different from other cryptos, altcoins or shitcoins.

I we advice you that before you go into crypto you need to have the idea before you end up losing money, crypto is not what you we see and rush into, before you go onto crypto you have to have some knowledge. and during the investment don have the thought to invest all your money, you to have discretionary funds so that it we not affect you when you invest.

Even if I assume that you used the word "crypto" to mean Bitcoin, you should clearly say Bitcoin. And all you need to start saving Bitcoin is your discretionary income. If you have discretionary income, then you should not delay investing on the pretext of learning. Because you will still have enough time to learn after you start. It is not that learning will stop after you start. So stop talking about the so-called "basic knowledge or having an idea".

 However, I agree with your last point that discretionary funds should be used for investments.

[Qhunman]

Yes, the DCA method plays a major role in investing in Bitcoin, it is a matter of patience and plays the most role in maintaining Bitcoin investment for a long time. This helps a person with a low income to invest in Bitcoin, in the current position, Bitcoin investment is the most popular and profitable way, but it is possible to achieve this by being patient for a long time. But those who want to become rich by investing in Bitcoin using the DCA method will never be able to do so, so using the DCA method, it will be necessary to be patient and increase the portfolio by investing small amounts.
Only through this strategy will it be possible to move forward into the future, and it will be easy for him to keep Bitcoin investment for a long time.

Dca strategy plays a major role as it helps investors with low discretionary income to invest. With the help of DCA,the poor can invest in bitcoin from the little they have and build consistently over time. Investors doesn't need to be rich to be able to invest in bitcoin as Dca strategy has made it convenient for the poor to also invest in bitcoin. So both the rich and the poor can invest in bitcoin through the dca strategy and grow their portfolio over time whenever they have discretionary incomes. They can Keep accumulating bitcoin with their discretionary income, surely they can build their portfolio by consistently and persistently accumulating bitcoin for the long term.

[Princess Leah]

Yes, the DCA method plays a major role in investing in Bitcoin, it is a matter of patience and plays the most role in maintaining Bitcoin investment for a long time. This helps a person with a low income to invest in Bitcoin, in the current position, Bitcoin investment is the most popular and profitable way, but it is possible to achieve this by being patient for a long time. But those who want to become rich by investing in Bitcoin using the DCA method will never be able to do so, so using the DCA method, it will be necessary to be patient and increase the portfolio by investing small amounts.
Only through this strategy will it be possible to move forward into the future, and it will be easy for him to keep Bitcoin investment for a long time.

Dca strategy plays a major role as it helps investors with low discretionary income to invest. With the help of DCA,the poor can invest in bitcoin from the little they have and build consistently over time. Investors doesn't need to be rich to be able to invest in bitcoin as Dca strategy has made it convenient for the poor to also invest in bitcoin. So both the rich and the poor can invest in bitcoin through the dca strategy and grow their portfolio over time whenever they have discretionary incomes. They can Keep accumulating bitcoin with their discretionary income, surely they can build their portfolio by consistently and persistently accumulating bitcoin for the long term.

Asides giving all class of investors the opportunity to invest consistently the DCA also helps investors overcome the emotional pressure of volatility that leads investors to selling cheaply out of fear of the dip, it's a good strategy that shouldn't be overlooked especially by beginners cause they're new to investing and tend to panic sell when the market drops.

 Bitcoin investment requires discipline and since the DCA warrants that investors are consistent at accumulating, it helps ensure that investors maintain discipline as they try to build a wealthy portfolio overtime, it's a good risk management strategy that people shouldn't overlook but embrace it to aid their accumulation process.

[PhilosopherKing]

Being aggressive is good as long as you are doing it within your discretionary income because it boost your bitcoin portfolio faster and you will reach your bitcoin target quick. Those  with organized cash inflow management and have can buy aggressively without any problem. It becomes a problem when you are over doing it because you're buying beyond your discretionary income and that's gambling.

To be aggressive in investing, a person must be knowledgeable about investments, financial management, and risk management.

bud, your wrong because aggressive investment do not depend on knowledge, it is about if person have the discretionary income to do it. the same way that person will ongoingly invest with small amounts is the same way that another person will invest aggressively with plenty amount, there is no different way of doing it.

aggressive investment is a optional something, a person can have the money to do it, but may not want to do it because the person do not want to overdo it so that it doesn't affect his ongoing accumulation

[Barikui1]

Yes I agreed with you, before you Invest all your money into crypto first all remember that any crypto is a long time run, and it always take same years before it accumulate, with my research I understand that some people don't understand crypto, I we advice you that before you go into crypto you need to have the idea before you end up losing money, crypto is not what you we see and rush into, before you go onto crypto you have to have some knowledge. and during the investment don have the thought to invest all your money, you to have discretionary funds so that it we not affect you when you invest.

You are a newbie, so I wouldn't fault you that much for emphasizing so much on crypto, as if we are here talking about alt and other shit coin that are scattered everywhere in the market. We are talking about Bitcoin, and be specific when talking about Bitcoin because Bitcoin is not like other shit coin out there that falls more than they rise , it's a reliable asset with a very high potential on the longer run, so my advice to you is that you should try to use this period to learn by doing more reading than lecturing, that way you might have the right knowledge on Bitcoin, not this crypto this, crypto that you are saying to those you should be learning from.