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MusaPk
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May 24, 2026, 04:11:04 PM |
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Some investors that understand BTC investment very well, they will not try to invest what they cannot afford to lose in BTC, because they know that BTC investment is different from other investment in real life. But when you invest what you can afford to lose in BTC that is when you will begin to see some boldness in you to hodl until you confirm that if you release your BTC you are going to earn massive profits from the market.
Never you invest all your money in BTC, because BTC movement will make you understand that this is a decentralized asset that is not control by the government or presidents in the world. But the movement of BTC depends on buyers and sellers in the general market, which is the reason people prefer to store their money on decentralized asset.
Strategies like invest only that you can afford to lose are reserved only for Shit coins. In case of Bitcoin, we must try to invest as much as we can because the chances of getting good profit exceeds the chances of getting loss. For that, one need to develop a mindset that Bitcoin is an asset that can give good return in the long run because without developing that mindset its not possible to get profit from Bitcoin. Once you have that kind of mindset with you, then you can invest aggressively in Bitcoin.
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icebar
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May 24, 2026, 05:44:57 PM |
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Actually throwing all of your discretionary income isn't as realistic as it might seem, even for veteran investors they still know that they have other things that they might want to spend their discretionary income on, for newbies even more so, they are new so putting everything into bitcoin investment would be very difficult, they are still learning to trust bitcoin which means they will most likely not be willing to trust bitcoin with all of their discretionary income, plus there is the need to set up their backup funds and if they are investing everything they won't have any for their backup funds, I personally won't advise anyone to invest all of their discretionary income when accumulating bitcoin.
Middle of the road approach always beats out blind aggressiveness in my opinion. Great investor should always have liquid emergency fund available with at least 3-6 months of living expenses before investing in Bitcoin. After creating that safety cushion, it is time to automate portion of additional income with consistent DCA strategy. This way, you can live life in comfort, have some protection from unexpected, and also can reasonably hold onto Bitcoin in long term without worrying about your finances. An emergency fund protects an investor from being forced to sell. But having an emergency fund at the beginning of an investment is not mandatory. While it is a good idea to have an emergency fund of for several moths 3-6, this rule is not the same for everyone. For some, it can be more. It depends on the person’s income, expenses, family responsibilities etc. And it can take a year or more for a person to build an emergency fund. It is foolish to wait that long to build an emergency fund just because they already have discretionary income. If someone has discretionary income after expenses, they can divide that money as they wish. Some in an emergency fund and some in Bitcoin savings. This will help them start early and build an emergency fund gradually to avoid being forced to sell.
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Shaponzy
Newbie

Activity: 13
Merit: 1
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May 24, 2026, 07:25:38 PM |
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How is DCA passive income? Do you know DCA well at all? DCA itself is not a source of income, rather DCA is an investment method. We do not get income from DCA, but rather we invest by deducting expenses from our income and following the DCA method with investable money. Apart from DCA, there are other investment methods, but since DCA averages our purchase price over the long term and provides the opportunity to invest small amounts, it is a very popular method, but it is not a source of income.
Yeahhhh..... I agree DCA (Dollar-Cost Averaging) is not a source of income or a means of passive income, it is essentially a risk management investment strategy. From my experience, I have seen that lump-sum investments in highly volatile markets like Bitcoin are quite risky. DCA keeps us away from those emotional decisions (FOMO) and averages out the market fluctuations over the long term. There are different paths to passive income, such as staking or lending, but DCA is a disciplined approach to building wealth while preserving capital. Weather an investor is DCAing, or buying in lump sum what matters most is that you do all of these with your discretionary income or according to your financial means or capacity. If you’re DCAing with the money meant for sorting other basic needs then you’re probably putting your investment in a risk by such a gamble. And again if you’re doing lump sum out of your financial capacity without also being able to sort out your basic financial needs then you’re putting your investment in a risk . Generally bitcoin investment is not a risk free investment due to its volatility so which ever strategy you invest with, it is very important you do so with a discretionary income of yours according to your financial muscle in such a way that the money will be the cash you won’t be needing anytime soon. Good, you are correct it's not actually matter weather one should invest at once ot gradually the main point is, investing through dollar cost Average DCA with a readily discretionaryincome....I saw a something today that got me develop more intrest on Dollar-Cost Averaging seriously like I was so curious. Like six years of DCA to reach 10 BTC says more about discipline than timing. The hard part now is custody, liquidity planning, and not letting one milestone turn into unnecessary risk. This is really and intresting one. Indeed DCA is the best bitcoin strategy to approach. https://talkimg.com/images/2026/05/24/UV0ood.jpegSource: https://x.com/BitcoinMagazine/status/2057474376694366272
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Creeper0
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May 24, 2026, 07:32:21 PM |
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An emergency fund protects an investor from being forced to sell. But having an emergency fund at the beginning of an investment is not mandatory. While it is a good idea to have an emergency fund of for several moths 3-6, this rule is not the same for everyone. For some, it can be more. It depends on the person’s income, expenses, family responsibilities etc. And it can take a year or more for a person to build an emergency fund. It is foolish to wait that long to build an emergency fund just because they already have discretionary income. If someone has discretionary income after expenses, they can divide that money as they wish. Some in an emergency fund and some in Bitcoin savings. This will help them start early and build an emergency fund gradually to avoid being forced to sell.
It is natural that you would not use a $100 rope to protect a $10 horse. In the case of investments, it is somewhat similar. You may not need an emergency fund until the value of the investment fund increases significantly. But when the investment fund creates significant value, it is mandatory for you to prepare an emergency fund. When the investment fund becomes large for you, you can allocate some money to protect the fund. It is not possible to express the value of this fund in numbers, because for some people $1000 is a meal for one day and for some people $1000 is a few years of savings. The amount of money you keep in an emergency fund should also depend on your source of income. If you are sure about the duration of your source of income and the source of income is regular, then you may not need to keep much money in an emergency fund. In this case, saving 4-5 months of expenses will be enough. But in the case of unstable or irregular sources of income, it may be wise to focus on backup funds based on instability. If your income source is more irregular or unstable, then you can save up to 12-13 months of expenses in the emergency fund based on that, and you can also prepare other backup funds strongly. Because, there is some risk with your income source which you need to be strong prepared to bear. In this case, you need to adopt a defensive investment strategy. Your level of conservatism based on the level of volatility may change. In Bitcoin investment, we cannot always depend on traditional rules and regulations, sometimes we can create new examples depending on the situation, this is basically creativity.
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Joy- maker
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May 24, 2026, 08:05:52 PM |
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You don't need basic knowledge to kickstart your bitcoin investment because that will waste your time from accumulating bitcoin when you should. Learning is a process so you cannot procrastinate investing in bitcoin until you have basic knowledge instead of wasting time, you can invest and learn Stimutatoulsly. It is not right for you to delay investing in bitcoin cos of basic knowledge, you don't need to know everything to invest in bitcoin rather if you have your discretionary fund available you only need apply commons sense to invest,as you invest you can be learning. This way you wouldn't delay starting your bitcoin investment due to your lack of basic knowledge.
I understand the angle you are coming from, but Let me say things differently. A person doesn't need advance technical knowledge before he or she can start investing in Bitcoin. However, personally, I would say that they should at least understand a few basic things before starting their Bitcoin investment journey. without a small fundamental knowledge newbies may lose money through panic selling, fake investment platforms and poor security practices. Imo, Starting your bitcoin investment journey as a newbie with some basic knowledge, while learning gradually is the safest approach.
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PhilosopherKing
Full Member
 

Activity: 224
Merit: 177
Spinly.io - Next-gen Crypto iGaming Platform
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May 24, 2026, 08:27:23 PM |
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People forget that among many investment strategies, Dollar Cost Averaging is a strategy that does not have the power to increase or decrease the investor's investment by itself, but rather it teaches investors discipline and patience. In fact, the DCA strategy is often presented as if it is the key to successful Bitcoin collection, but in reality it is much broader. However, this does not mean that I look down on this strategy, but rather I actually see it as a strategy that is similar to many accumulation strategies. Therefore, DCA alone is not enough to be active in Bitcoin collection in the long term. DCA is basically a purchasing method that is not a substitute for mental strength or financial capacity. And its real job is to make it easy to invest at a certain time without worrying too much about market fluctuations, that's all it does. So there is nothing to show so much emotion about DCA. In fact, the point is to increase your financial capacity and try your best to increase your discretionary income.
Dude you are underrating the importance of DCa too much. Cn you please tell us which other strategy is as simple to use as DCa method? DCa is not like other strategies because other strategy like buying dip make person to be predicting and timing market, but DCa will remove stress of person to be timing the market. It is true that Other than using DCa a person have to have other things like patience, discretionary income so the person can continue his ongoing long term investment, but the DCa strategy will help people to remove the biggest problem that investor face which is market timing. And DCa solve that problem y making person accumulation to be ongoing and systematic.
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Emjay24
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Today at 07:40:20 AM |
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You don't need basic knowledge to kickstart your bitcoin investment because that will waste your time from accumulating bitcoin when you should. Learning is a process so you cannot procrastinate investing in bitcoin until you have basic knowledge instead of wasting time, you can invest and learn Stimutatoulsly. It is not right for you to delay investing in bitcoin cos of basic knowledge, you don't need to know everything to invest in bitcoin rather if you have your discretionary fund available you only need apply commons sense to invest,as you invest you can be learning. This way you wouldn't delay starting your bitcoin investment due to your lack of basic knowledge.
Basic knowledge is needed which is knowing how to identify to having discretionary income and how to buy, these knowledge are very basic and is enough to start buying and holding bitcoin, you cannot begin buying with zero knowledge about bitcoin, so with common sense and the above basic knowledge, you're all set. Well it's true what you say, when income increases, sometimes needs also increase too, this is like a law of nature that does happen a lot, and in my opinion only a few people can survive with the same needs even though their income increases. And with what you say there is still a possibility not to invest in bitcoin because it is hindered by its increasing needs, the conclusion that can be drawn is that if you really intend to invest in bitcon then from the beginning with income that has not increased it might be possible to try even with a very small amount. Yes, there is no other strategy that can be used than DCA, because this can be done consistently and is indeed better that way.
I agree with you that as income increases, many people's expenses also increase. Also, it is a good idea to start small with a small discretionary income rather than waiting for income to increase. Because many people postpone it with the excuse of "I will start when my income increases". But later, when income increases, its expenses also increase. This delays starting again. However, I want to say something about the part of your statement that I have bolded, because you are probably wrong. Yes, I believe DCA is a good strategy. Especially those who have a small amount of discretionary income coming in from regular or irregular cashflow, they can follow the DCA method consistently. This reduces the pressure of timing the market perfectly. But I want to tell you that DCA is not the only strategy. If someone already has a large amount of discretionary income or additional investable money, then they can buy lump sum, partial lump sum, DCA, dip buying or regular purchases with occasional additional purchases. It actually depends on that person's personal cash flow, emergency fund, risk tolerance and mental peace. Therefore, it can be said that although DCA is a good strategy, it is not the only strategy but one can also follow other strategies by understanding their own financial position. In addition to what you've said, there could still be a mix of both DCA and lump sum/front loading. In a scenario that the investor receives a bonus from work, he may decide to put it all into bitcoin while still maintaining his consistent buys, now he has done lump sum alongside DCA. Another scenario when he receives a bigger amount by chance and decides to spread it accross some weeks to buy a bigger quantity within those weeks, that front loading since he adds the received funds to his normal buying amount within the specified periods to buy more quantities.
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Barikui1
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Today at 07:54:08 AM |
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However, personally, I would say that they should at least understand a few basic things before starting their Bitcoin investment journey, without a small fundamental knowledge newbies may lose money through panic selling, fake investment platforms and poor security practices.
You don't need to have all that to kick start your Bitcoin accumulation because that would be time wasting, because it's not everyone that are fast learners. And if the person is a slow learner, just know that it may take that person a very long time to get started, so it's very important that once you have your discretionary income ready, you can start right away because common sense is enough to start. Then you can seek further knowledge on it while accumulating, like what is required to be able to hold strong during the rainy days, like having an emergency and reserve funds in place to protect your bitcoin investment from any emergency situation that may come up in the future, but if you want to gather more knowledge first before starting,it would be time wasting.
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Chilwell
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Today at 08:57:31 AM |
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Some investors that understand BTC investment very well, they will not try to invest what they cannot afford to lose in BTC, because they know that BTC investment is different from other investment in real life. But when you invest what you can afford to lose in BTC that is when you will begin to see some boldness in you to hodl until you confirm that if you release your BTC you are going to earn massive profits from the market.
Never you invest all your money in BTC, because BTC movement will make you understand that this is a decentralized asset that is not control by the government or presidents in the world. But the movement of BTC depends on buyers and sellers in the general market, which is the reason people prefer to store their money on decentralized asset.
Strategies like invest only that you can afford to lose are reserved only for Shit coins. In case of Bitcoin, we must try to invest as much as we can because the chances of getting good profit exceeds the chances of getting loss. For that, one need to develop a mindset that Bitcoin is an asset that can give good return in the long run because without developing that mindset its not possible to get profit from Bitcoin. Once you have that kind of mindset with you, then you can invest aggressively in Bitcoin. Not only in shitcoin but also in Bitcoin too, when you talk of income that should be invested into both bitcoin and sheet coin it is highly recommended to use discretionary income because it is actually the best and that is when you will have peace. I know Bitcoin have come to stay, we all know that anyone that invested in Bitcoin with patience must surely see a good return, but if you are not among the people that use descriptionary income definitely your end will be somehow because sometimes you will be forced to withdraw your investment just because you did not use the right income to invest. You actually get it right by saying investing aggressively in Bitcoin is a very good thing but with the right method and the right income because this is exactly what sum of us are liking that is why we always first challenges when it comes to holding bitcoin. Bitcoin is a long time investment that is why it's seriously need planning to avoid any obstacle side.
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ZeroVinsonN
Sr. Member
  

Activity: 504
Merit: 284
It takes a second for treasure to become trash
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Today at 10:52:05 AM |
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Actually throwing all of your discretionary income isn't as realistic as it might seem, even for veteran investors they still know that they have other things that they might want to spend their discretionary income on, for newbies even more so, they are new so putting everything into bitcoin investment would be very difficult, they are still learning to trust bitcoin which means they will most likely not be willing to trust bitcoin with all of their discretionary income, plus there is the need to set up their backup funds and if they are investing everything they won't have any for their backup funds, I personally won't advise anyone to invest all of their discretionary income when accumulating bitcoin.
This is important because everything financial is based on your mental tranquility, and if you invest every penny that you save and it is volatile asset, then fluctuations in price will be major stressor every day. Finding trust in technology requires time for new users. Middle of the road approach always beats out blind aggressiveness in my opinion. Great investor should always have liquid emergency fund available with at least 3-6 months of living expenses before investing in Bitcoin. After creating that safety cushion, it is time to automate portion of additional income with consistent DCA strategy. This way, you can live life in comfort, have some protection from unexpected, and also can reasonably hold onto Bitcoin in long term without worrying about your finances. You will see people that hear about bitcoin investment and they become very motivated to do it, deciding to begin very aggressively because they want to accumulate as much as they can as fast as they can but what people forget is that motivation doesn't last for very long, that rush comes and with time eventually dies down and during that time of a lapse in motivation they finally realize that they were other things they wanted to try out with their discretionary income, it ultimately won't be much of a problem because they will still be able to readjust their aggressiveness but if that push to accumulate as much as possible last for too long and their discretionary income isn't able to satisfy it they might end up investing from outside of their discretionary income which is one thing that leads to selling bitcoin at the wrong time because one way or another they will have to get that money back for what it was meant for.
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Olatundespo
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Today at 11:40:04 AM |
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However, personally, I would say that they should at least understand a few basic things before starting their Bitcoin investment journey, without a small fundamental knowledge newbies may lose money through panic selling, fake investment platforms and poor security practices.
You don't need to have all that to kick start your Bitcoin accumulation because that would be time wasting, because it's not everyone that are fast learners. And if the person is a slow learner, just know that it may take that person a very long time to get started, so it's very important that once you have your discretionary income ready, you can start right away because common sense is enough to start. Then you can seek further knowledge on it while accumulating, like what is required to be able to hold strong during the rainy days, like having an emergency and reserve funds in place to protect your bitcoin investment from any emergency situation that may come up in the future, but if you want to gather more knowledge first before starting,it would be time wasting. I agree with you that common sense is enough to start accumulating Bitcoin. There is no set amount of discretionary income that you need. It may be $10 or $20 initially but it is important to start with that amount. You can start investing in Bitcoin with extra funds but if you need those extra funds too soon it will be detrimental to the investment. Make a strategy to accumulate Bitcoin with discretionary income which can be in line with your financial situation every month. Who understand that investing knowledge does not require a strong financial infrastructure or technical knowledge can start accumulating Bitcoin with any amount of funds they have.
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Jody.Drummer
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Today at 01:12:18 PM |
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Well it's true what you say, when income increases, sometimes needs also increase too, this is like a law of nature that does happen a lot, and in my opinion only a few people can survive with the same needs even though their income increases. And with what you say there is still a possibility not to invest in bitcoin because it is hindered by its increasing needs, the conclusion that can be drawn is that if you really intend to invest in bitcon then from the beginning with income that has not increased it might be possible to try even with a very small amount. Yes, there is no other strategy that can be used than DCA, because this can be done consistently and is indeed better that way.
I agree with you that as income increases, many people's expenses also increase. Also, it is a good idea to start small with a small discretionary income rather than waiting for income to increase. Because many people postpone it with the excuse of "I will start when my income increases". But later, when income increases, its expenses also increase. This delays starting again. However, I want to say something about the part of your statement that I have bolded, because you are probably wrong. Yes, I believe DCA is a good strategy. Especially those who have a small amount of discretionary income coming in from regular or irregular cashflow, they can follow the DCA method consistently. This reduces the pressure of timing the market perfectly. But I want to tell you that DCA is not the only strategy. If someone already has a large amount of discretionary income or additional investable money, then they can buy lump sum, partial lump sum, DCA, dip buying or regular purchases with occasional additional purchases. It actually depends on that person's personal cash flow, emergency fund, risk tolerance and mental peace. Therefore, it can be said that although DCA is a good strategy, it is not the only strategy but one can also follow other strategies by understanding their own financial position. What I mean is that when our financial situation is unstable due to rising expenses we can invest using the DCA strategy, which allows us to invest whatever amount we can afford at any given time. Of course, there are many other investment strategies besides DCA, but in the situation I described, DCA might be the most reliable option. And if the situation is different when finances are already stable then you can try other strategies besides DCA. As you mentioned, understanding our own financial position is correct. However, I personally would recommend sticking with DCA.
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Finebone
Sr. Member
  

Activity: 350
Merit: 306
The Casino with Zero to hide
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Today at 01:25:21 PM |
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Strategies like invest only that you can afford to lose are reserved only for Shit coins. In case of Bitcoin, we must try to invest as much as we can because the chances of getting good profit exceeds the chances of getting loss. If you are still reasoning in such way even though you have been here in this forum since 2022, it shows that you are not learning, and you are still further behind, because the purpose of investing with what you can afford to lose, which is our discretionary income is to tame our emotions. So that we wouldn't sell in panic during the dip, and even though our investment did not later go as planned, we would not be in a terrible state financially, so it's wrong to think that such measures is use for shit coin only. The chances of Bitcoin going up is much higher than the chances of it crashing down to zero, but going all in on your investment is a dangerous move and should be avoided at all cost because nothing is certain in today's world.
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Taskford
Legendary

Activity: 3262
Merit: 1046
Top-tier crypto casino and sportsbook
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Today at 01:40:51 PM |
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Well it's true what you say, when income increases, sometimes needs also increase too, this is like a law of nature that does happen a lot, and in my opinion only a few people can survive with the same needs even though their income increases. And with what you say there is still a possibility not to invest in bitcoin because it is hindered by its increasing needs, the conclusion that can be drawn is that if you really intend to invest in bitcon then from the beginning with income that has not increased it might be possible to try even with a very small amount. Yes, there is no other strategy that can be used than DCA, because this can be done consistently and is indeed better that way.
I agree with you that as income increases, many people's expenses also increase. Also, it is a good idea to start small with a small discretionary income rather than waiting for income to increase. Because many people postpone it with the excuse of "I will start when my income increases". But later, when income increases, its expenses also increase. This delays starting again. However, I want to say something about the part of your statement that I have bolded, because you are probably wrong. Yes, I believe DCA is a good strategy. Especially those who have a small amount of discretionary income coming in from regular or irregular cashflow, they can follow the DCA method consistently. This reduces the pressure of timing the market perfectly. But I want to tell you that DCA is not the only strategy. If someone already has a large amount of discretionary income or additional investable money, then they can buy lump sum, partial lump sum, DCA, dip buying or regular purchases with occasional additional purchases. It actually depends on that person's personal cash flow, emergency fund, risk tolerance and mental peace. Therefore, it can be said that although DCA is a good strategy, it is not the only strategy but one can also follow other strategies by understanding their own financial position. What I mean is that when our financial situation is unstable due to rising expenses we can invest using the DCA strategy, which allows us to invest whatever amount we can afford at any given time. Of course, there are many other investment strategies besides DCA, but in the situation I described, DCA might be the most reliable option. And if the situation is different when finances are already stable then you can try other strategies besides DCA. As you mentioned, understanding our own financial position is correct. However, I personally would recommend sticking with DCA. Yeah DCA can also work well even if they are in unstable financial situation, because in this strategy everything is flexible and they can invest any amount or even the small amount they have as long as it fits on their budget, DCA helps people to make people experiencing temporary financial to remain consistent with their accumulation. Also if in future that their cash flow became stable, they can choose to increase their investment sizes then maintain or became more consistent with their accumulation. This is how flexible the DCA strategy, since there's no forcing and easy to adopt also could able to fit on our lifestyle.
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Obulis
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Today at 03:35:01 PM |
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The DCA is a good method no doubt but the discussion is concerning using non discretionary funds and how bad it is for those who tend to invest and hold for long-term. Even though one use the DCA but with a fund that's not discretionary, I don't think such person would be consistent for very long since the funds meant for daily needs is at stake. Therefore it's important to invest using the DCA for long-term purpose and to maintain consistency but more important to invest with that method using the discretionary funds so the investment would go smoothly for long-term as supposed.
The first thing you need to do before buying your first bitcoin is to check if you have discretionary income because it's only discretionary income that should be used to accumulate bitcoin. Anyone that buy bitcoin with money that is not his discretionary income is gambling because he will sell the bitcoin at loss when he needs arises and the market is below his entry price. There are some things that common sense is enough to let you know it's wrong. This is why you need your discretionary income to start your bitcoin investment and a consistent discretionary income to continue DCAing consistent and persistent till you reach your bitcoin target. It's still your discretionary income that you will use to set up your emergency funds and other backup funds. The gambling of using any funds available that's not discretionary funds to buy Bitcoin has discouraged many people from investing in Bitcoin as some of them are not privileged to get healthy information about investing with discretionary funds and much more removing the stress associated with volatility or watching the market by using DCA strategy. Actually this gambling of using any available funds and probably finding oneself in loss by selling below entry price as need arises has given Bitcoin negative remarks among so many people and some peoples ignorance is to the point that there's nothing you would say to encourage them into buying Bitcoin out misleading step they took (personal experiences) or news (other peoples experiences).
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Nheer
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Today at 05:23:42 PM |
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I disagree with you. Basic knowledge is required to start investing in Bitcoin. I am against those who waste time acquiring additional skills about investing. Those who waste time acquiring technical knowledge about Bitcoin end up regretting their actions later. Learning is a process but you don't need to be very knowledgeable or have any formal knowledge to learn how to accumulate Bitcoin. If you can understand what the basic knowledge is to start investing in Bitcoin, you can start accumulation Bitcoin with immediate decisions. Discretionary income (that income can be of any size) Installing a non-custodial wallet and buying Bitcoin with that funds. It is important for you to know about these few things. You will learn more about the things you need to know during the long term Bitcoin accumulation period.
I read through the pages and couldn't find anyone addressing you I read through the pages and couldn't find anyone addressing you. Having knowledge is helpful and important but be it basic knowledge or advanced technical knowledge as long as you it's delaying your investment when you have discretionary income ready then it's wrong because it's a total waste of time and opportunity. With discretionary income even basic knowledge is a waste time. Every knowledge can be pursued while your investment is ongoing so having basic knowledge is not a prerequisite before you invest as you make it seem. Normally having any kind of knowledge before investing is not a bad thing, it's only bad when it delay your investment. Strategies like invest only that you can afford to lose are reserved only for Shit coins. In case of Bitcoin, we must try to invest as much as we can because the chances of getting good profit exceeds the chances of getting loss. For that, one need to develop a mindset that Bitcoin is an asset that can give good return in the long run because without developing that mindset its not possible to get profit from Bitcoin. Once you have that kind of mindset with you, then you can invest aggressively in Bitcoin.
This is a traders mindset. But just so you know just because you're investing in Bitcoin doesn't mean you should invest carelessly. Bitcoin is volatile and just as every other investment it's not guaranteed that you will succeed so investing carelessly will only result to selling prematurely. It's true that it's good to get aggressive and the more you put in Bitcoin the more you are likely to gain in future but it shouldn't be done carelessly and you should always make sure to take care of your basic needs first and also create room for building emergency funds. You also need to understand that when your sole purpose of investing is profit making then there's a high chance you won't be able to hold on for a long period and your investment is likely to end up being sold prematurely. Expecting quick profits is a wrong mindset, you should focus your mind on your future goals instead.
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Proty
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Today at 06:08:58 PM |
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Some investors that understand BTC investment very well, they will not try to invest what they cannot afford to lose in BTC, because they know that BTC investment is different from other investment in real life. But when you invest what you can afford to lose in BTC that is when you will begin to see some boldness in you to hodl until you confirm that if you release your BTC you are going to earn massive profits from the market.
Never you invest all your money in BTC, because BTC movement will make you understand that this is a decentralized asset that is not control by the government or presidents in the world. But the movement of BTC depends on buyers and sellers in the general market, which is the reason people prefer to store their money on decentralized asset.
Strategies like invest only that you can afford to lose are reserved only for Shit coins. In case of Bitcoin, we must try to invest as much as we can because the chances of getting good profit exceeds the chances of getting loss. For that, one need to develop a mindset that Bitcoin is an asset that can give good return in the long run because without developing that mindset its not possible to get profit from Bitcoin. Once you have that kind of mindset with you, then you can invest aggressively in Bitcoin. This is very wrong, you are not supposed to invest more than what you can afford to lose into bitcoin because when the need for those money arise you will end up selling your bitcoin when you never plan to , which may even be at loss. You should invest only your discretionary income in bitcoin and not as much as you can. Holding bitcoin for a long time is only possible if you invest with your discretionary.
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As-Soon-As
Sr. Member
  

Activity: 854
Merit: 316
NO DEPO CODE VEGAR7, NO KYC Casino
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Today at 07:25:13 PM |
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Strategies like invest only that you can afford to lose are reserved only for Shit coins. In case of Bitcoin, we must try to invest as much as we can because the chances of getting good profit exceeds the chances of getting loss. For that, one need to develop a mindset that Bitcoin is an asset that can give good return in the long run because without developing that mindset its not possible to get profit from Bitcoin. Once you have that kind of mindset with you, then you can invest aggressively in Bitcoin.
This is very wrong, you are not supposed to invest more than what you can afford to lose into bitcoin because when the need for those money arise you will end up selling your bitcoin when you never plan to , which may even be at loss. You should invest only your discretionary income in bitcoin and not as much as you can. Holding bitcoin for a long time is only possible if you invest with your discretionary. Only those who invest in Bitcoin for the long term and have a clear plan in the current position can survive in Bitcoin for a long time. You should invest in Bitcoin as much as you can afford, because you should invest with the money that is saved after deducting the basic expenses of the family from your entire income. Then it will be possible to keep Bitcoin investment for a long time, whenever you go beyond your means and diversify in Bitcoin, your money will continue to be short. And you will find yourself in a situation where you have to sell Bitcoin investment without wanting to. You will never be able to survive properly, because the shortage will be filled only when your future is destroyed. Therefore, Bitcoin investment should be invested with as much money as you can afford to lose.
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ejikeme24
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Today at 08:22:03 PM |
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Strategies like invest only that you can afford to lose are reserved only for Shit coins. In case of Bitcoin, we must try to invest as much as we can because the chances of getting good profit exceeds the chances of getting loss. For that, one need to develop a mindset that Bitcoin is an asset that can give good return in the long run because without developing that mindset its not possible to get profit from Bitcoin. Once you have that kind of mindset with you, then you can invest aggressively in Bitcoin.
For the fact that people are being so optimistic about bitcoin doesn't mean there's a guarantee about the outcome, that is why we are advised to invest with what we can afford to loss. This logic is mostly use in any investment or business that you're not sure of making profit from it so if you say that strategy is reserved only for shitcoin you might be wrong as it can as well be used while investing in bitcoin Incase you have forgotten let me quickly remind you now so that you don't end up making unrealistic expectations or even trying to do more than you can.
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Joeboy
Sr. Member
  

Activity: 378
Merit: 260
Not Your Keyz Not Your Coinz
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Today at 09:00:38 PM |
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Strategies like invest only that you can afford to lose are reserved only for Shit coins. In case of Bitcoin, we must try to invest as much as we can because the chances of getting good profit exceeds the chances of getting loss. For that, one need to develop a mindset that Bitcoin is an asset that can give good return in the long run because without developing that mindset its not possible to get profit from Bitcoin. Once you have that kind of mindset with you, then you can invest aggressively in Bitcoin.
Bitcoin is a highly volatile asset, and so having the mindset of certainty is a very risky advise to be giving... Long term accumulation tend to place folks in a much more better position, but even at that, there is absolutely no guarantee of profitting from Bitcoin accumulation even when the accumulation is done for a longer term duration of say 10years and above.. This uncertainty is majorly the reason why folks have to invest with the amount of amount that they know they can comfortably afford to lose...
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