Does the DCA strategy inspire newbies to invest?

[Marvelockg]

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.

What you said seems completely imaginary. In reality, if a person saves the amount of emergency fund up to 12-13 months of expenses, how much time will he have to spend or he may not be able to create all the other funds while creating an emergency fund. For a person, creating an emergency fund equal to 3 months of expenses is enough, but if a person wants to keep more than this, then he can do so. But after creating an emergency fund, he can create all the other funds so that he does not depend only on the emergency fund.

The better way to deal with this and avoid unnecessary procrastination is to divide your income into different portions. A portion goes into your investment, another portion goes into your emergency fund and another goes into your daily expenses. That way, you don't need to wait too long before getting started in your investment all because you're trying to build your emergency fund first.

Regardless of the kind of job you're doing, it's not too deficult factoring in an aspect of your income that goes into these three areas. All you need do is plan well and follow your plans with proper action because that's the only way you can effectively DCA even when your income isn't too perfect.

[Sim_card]

The better way to deal with this and avoid unnecessary procrastination is to divide your income into different portions. A portion goes into your investment, another portion goes into your emergency fund and another goes into your daily expenses. That way, you don't need to wait too long before getting started in your investment all because you're trying to build your emergency fund first.

Regardless of the kind of job you're doing, it's not too deficult factoring in an aspect of your income that goes into these three areas. All you need do is plan well and follow your plans with proper action because that's the only way you can effectively DCA even when your income isn't too perfect.

You don't need to divide your income into three parts as you mentioned because you need to first take care of your weekly needs and expenses before you can figure out which amount is leftover and how much from it you want to use to buy bitcoin regularly through DCA that wouldn't be stressful to you.

It's your discretionary income that you must use to invest in bitcoin and to build up your backup funds. If you haven't taken care of your basic needs and weekly expenses, you decide to share your money into three parts what if the amount that you allocated into buying bitcoin is bigger than your discretionary income, it means that you're doing it the wrong way because if you buy bitcoin and your needs arises, you will sell at loss if bitcoin price is below your entry point.

As brand new investor it's good that you start your bitcoin investment with the right amount of money and continue to build and grow your bitcoin investment overtime and at the same time learn a good cash inflow management to enable you use the right amount of money for the right purpose so that you don't depreciate your bitcoin portfolio by your actions.

[Agathamay]

I find investors using the DCA strategy invest for the long term.
Special Considerations Should Beginners Follow the DCA Method for Bitcoin Investments? What Can Be the Outcome -Future

be you a newbie or a pro investor, as it stands now, the DCA method is one strategy for holding that has proven itself to be efficient for buying and holding of bitcoin especially while considering how much the price of bitcoin have grown over the years making it almost impossible for a newbie to afford a whole bitcoin and that is where the DCA technique comes in, because it allows investor buy bitcoin at any given time without considering the market price or the amount the investor  intend buying as long as it is a consistent process.

[Brizi5000]

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.

What you said seems completely imaginary. In reality, if a person saves the amount of emergency fund up to 12-13 months of expenses, how much time will he have to spend or he may not be able to create all the other funds while creating an emergency fund. For a person, creating an emergency fund equal to 3 months of expenses is enough, but if a person wants to keep more than this, then he can do so. But after creating an emergency fund, he can create all the other funds so that he does not depend only on the emergency fund.

The better way to deal with this and avoid unnecessary procrastination is to divide your income into different portions. A portion goes into your investment, another portion goes into your emergency fund and another goes into your daily expenses. That way, you don't need to wait too long before getting started in your investment all because you're trying to build your emergency fund first.

Regardless of the kind of job you're doing, it's not too deficult factoring in an aspect of your income that goes into these three areas. All you need do is plan well and follow your plans with proper action because that's the only way you can effectively DCA even when your income isn't too perfect.

Don’t you think that it will be somehow difficult to solve this mathematics of dividing income and allocating each part to basic expenses, emergency funds  bitcoin accumulation and investment because the income you are to use for bitcoin investment is a discretionary income and this discretionary income can only be realized after we finished sorting out our basic needs and sometimes we cannot really determine the amount of cash our basic needs will consume perfectly because this basic needs usually increase in prices due to the unstable economic situation of our country where by you can get some groceries for food today in a shop for a particular price and you can come back the next week for such item they will tell you the price is no longer the same as of what you bought previously. In this case you might be left stranded because you have already allocated your funds to each functions, which may prompt you to go back to the one you used in buying bitcoin and sell your holding very early to get money to complete for the food which may now prove detrimental to your long term investment goal because you’ve sold too early and sometimes due to high volatility you may even sell at a loss which is very bad.

Personally I think the best thing to do here when you receive income is to first focus on sorting out the basic needs then any money left with you after doing that should be the one to use in allocating for bitcoin investment and emergency funds and any other non essential needs.

[Odohu]

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.

What you said seems completely imaginary. In reality, if a person saves the amount of emergency fund up to 12-13 months of expenses, how much time will he have to spend or he may not be able to create all the other funds while creating an emergency fund. For a person, creating an emergency fund equal to 3 months of expenses is enough, but if a person wants to keep more than this, then he can do so. But after creating an emergency fund, he can create all the other funds so that he does not depend only on the emergency fund.

I noticed that a lot of you are making this process complicated and that is not good. The most important aspect of this is supposed to be able to figure out the discretionary income from where the investment will be made. As soon as the discretionary income is figured out, the bulk of the work comes down to protecting the investment and that is where we have the various protective funds. It should be so easy to apply and not complicated; set up protective funds starting with emergency funds, then you can consider reserved funds and then others will follow as you continue with the investment. They must not happen at the same time which is something beautiful, so the investor have the time to set them up gradually and independently but the accumulation process must be continuous while these funds are being set up.

[JayJuanGee]

It may be better to divide our funds into three layers, such as emergency fund, reserve fund, cash fund. S

Cash fund is the same as reserve fund and/or emergency fund.

How do you consider "cash fund" to be different from "reserve fund" and/or "emergency fund?"

[edited out]

The better way to deal with this and avoid unnecessary procrastination is to divide your income into different portions. A portion goes into your investment, another portion goes into your emergency fund and another goes into your daily expenses.

How does that make sense in the order that you presented the matter and your proposed division?

You cannot invest at all until you make sure that all of your basic expenses are covered (accounted for) first... then whatever is left, after your basic expenses can be used for investing, savings (backup fund) and/or discretionary consumption.

Sure there can be inaccuracies in terms of how guys might account for needs versus wants, so frequently there can be overlap in terms of what is basic.. yet guys who are really serious about sorting out these kinds of matters could well improve upon his own expenses by making sure that he understands the differences between his own choices in regards to his needs and his wants.

By the way, if a guy has a lot of discretionary income, then he likely could be spoiled and/or sloppy in terms of his own spending choices, and surely the guys who want to prioritize bitcoin investing and maximize their bitcoin investing aggressiveness, they likely would be considering ways to better understand and sort through their needs and wants.. and, yeah, I understand that many times guys won't want to be that detailed in regards to their own spending choices, yet there are guys who may well be potentially marginally unable to invest into bitcoin, yet the ONLY way that they really are able to structure and follow through with some kind of bitcoin investing is by figuring out ways to really make sure that they are distinguishing between their needs and their wants.

That way, you don't need to wait too long before getting started in your investment all because you're trying to build your emergency fund first.

Sure.  It is true that guys do not tend to need to build their emergency funds (back up funds) prior to getting started investing into bitcoin, and many times, guys already have some practice that is in place in which they already have some back up funds, so if they add the buying of bitcoin into their weekly habit, then even if they determine that their back up funds might not be enough, they likely can figure out ways (and proportions) so that they can build both their bitcoin holdings and the quantity of their back up funds at the same time and at least in a proportion that they consider to be reasonable for their own circumstances and likely the longer and longer that they are in bitcoin, whether 4-10 years or longer or some other timeline, they will likely increasingly perceive that there is value to both building their bitcoin holdings and also strengthening how they think about back up funds and how they manage such back up funds in order to support their bitcoin holdings and other aspects of their life that will also likely improve too, so long as they are being intentional with their bitcoin investment and cashflow management practices and process.

Regardless of the kind of job you're doing, it's not too deficult factoring in an aspect of your income that goes into these three areas. All you need do is plan well and follow your plans with proper action because that's the only way you can effectively DCA even when your income isn't too perfect.

It seems to me that any guy who is considering whether he has extra money to potentially invest, save or discretionarily consume, he should be accounting for basic expenses first.. and then whatever amount is remaining after basic expenses can be dedicated towards: 1) investing, 2) savings and/or 3) discretionary consumption.

[cocadalcan]

It seems to me that any guy who is considering whether he has extra money to potentially invest, save or discretionarily consume, he should be accounting for basic expenses first.. and then whatever amount is remaining after basic expenses can be dedicated towards: 1) investing, 2) savings and/or 3) discretionary consumption.

You have given good advice. The most important thing for a person should be to make basic expenses and then buy Bitcoin from the funds that will be left. And it is a good strategy to accumulate Bitcoin through a person's discretionary income.

If the basic expenses are not done properly, long term Bitcoin investment can be hampered because if it is not met this week, it will be necessary to meet it next week. As a result of accumulating Bitcoin, the funds are arranged in a proper management and are entering a long term portfolio and that Bitcoin holding can be adopted for a cycle of 4 years and gradually another cycle and the strategy of continuing to deposit more Bitcoin and more time in accordance with the financial flow.

[Jody.Drummer]

It seems to me that any guy who is considering whether he has extra money to potentially invest, save or discretionarily consume, he should be accounting for basic expenses first.. and then whatever amount is remaining after basic expenses can be dedicated towards: 1) investing, 2) savings and/or 3) discretionary consumption.

You have given good advice. The most important thing for a person should be to make basic expenses and then buy Bitcoin from the funds that will be left. And it is a good strategy to accumulate Bitcoin through a person's discretionary income.

If the basic expenses are not done properly, long term Bitcoin investment can be hampered because if it is not met this week, it will be necessary to meet it next week. As a result of accumulating Bitcoin, the funds are arranged in a proper management and are entering a long term portfolio and that Bitcoin holding can be adopted for a cycle of 4 years and gradually another cycle and the strategy of continuing to deposit more Bitcoin and more time in accordance with the financial flow.

It is one of the right ways to meet the needs first and with the rest then used to invest but it seems better to set the amount too, because in my opinion the needs that must be met tend to be different every time but for the funds used in bitcoin it is better to be determined with certainty and not burden the needs that must be met. The inhibition of investment that occurs may be true because we do not know what our income will be like in the future but we should be able to strive for the best, so in addition to meeting our needs and investment we must pay attention to emergency funds, because it can help unexpected situations that could hinder the investment made. As the third point has been said by @JayJuanGee.

[Joeboy]

Sure.  It is true that guys do not tend to need to build their emergency funds (back up funds) prior to getting started investing into bitcoin, and many times, guys already have some practice that is in place in which they already have some back up funds, so if they add the buying of bitcoin into their weekly habit, then even if they determine that their back up funds might not be enough, they likely can figure out ways (and proportions) so that they can build both their bitcoin holdings and the quantity of their back up funds at the same time and at least in a proportion that they consider to be reasonable for their own circumstances and likely the longer and longer that they are in bitcoin, whether 4-10 years or longer or some other timeline, they will likely increasingly perceive that there is value to both building their bitcoin holdings and also strengthening how they think about back up funds and how they manage such back up funds in order to support their bitcoin holdings and other aspects of their life that will also likely improve too, so long as they are being intentional with their bitcoin investment and cashflow management practices and process.

Like yeah, I totally agree with you idea of proportionately managing both the routine of investing as well as building up of  backup/emergency funds... There shouldn't really be any kind of trade-off since both your investment and backup funds are very important in their own different ways.. Guys who tend to prioritize only their emergency funds over their investments, then to place themselves in a rather difficult position in the faces of unexpected/emergency situations, and as such get forced to liquidate their holding at a probably unfavourable moment... And so in our long-term accumulation, balancing both your investment and investment safety(backup funds) is very important..

[Mr.leeemzy]

I find investors using the DCA strategy invest for the long term.
Special Considerations Should Beginners Follow the DCA Method for Bitcoin Investments? What Can Be the Outcome -Future

In deed DCA is a good Idea but for a new beginner to be thinking about investment with out knowing what DCA means is a very bad idea because at it stands now it is not advisable to purchase or invest in Bitcoins presently because of its present price because it's is better to invest when ever the price of Bitcoins is lower at a particular price.

[gracreavix]

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...

This is where some people get it wrong because they always believe that there is a guarantee profit in Bitcoin investment which is a very wrong move for anyone that have that mindset. I actually agree with what you have said, no matter how long you accumulated Bitcoin definitely it will not give you a guarantee profit. I'm confidence that you will see profit but no one can be able to highlight it out for you because bitcoin is a volatile asset which fluctuates in price all the time, so giving a fixed profit is not going to be possible.

Bitcoin does not offer any guaranteed result, because its common knowledge to anyone that Bitcoin is volatile asset and this is how the risky part what people need to consider. Since any wrong decisions they made will result to losses.

But what good thing about Bitcoin is this coin is good to be held for long term. Because for many years Bitcoin always have an impressive run, those good runs it get usually give good rewards to those investors choose to HODL their Bitcoin.

Bitcoin volatility is why there is never any guaranteed reward in it, and I wish every Bitcoin investor understands that part before investing. So they’ll stop investing money meant for something else into Bitcoin.
But just as you said, Bitcoin over the long term has shown why it should be in an investment portfolio. Its historical behavior for some years has shown how strong it is as an asset, and how it could perform well if it can be when given enough time.

[ZeroVinsonN]

I find investors using the DCA strategy invest for the long term.
Special Considerations Should Beginners Follow the DCA Method for Bitcoin Investments? What Can Be the Outcome -Future

In deed DCA is a good Idea but for a new beginner to be thinking about investment with out knowing what DCA means is a very bad idea because at it stands now it is not advisable to purchase or invest in Bitcoins presently because of its present price because it's is better to invest when ever the price of Bitcoins is lower at a particular price.

The price of bitcoin is low right now and it actually is a good time to buy but when you base your buying time on whether the price is low or not you are setting yourself up as someone who's looking for quick profit, especially for a newbie, you might as well declare yourself a trader who you are chasing after low entry point once the price goes up you will feel an immense urge to sell because your profit will already be in front of you.

Personally if s newbie wants to start buying now I would encourage them to do so using their discretionary income but my advice for them to start won't be based on the current price of bitcoin being low because no matter what the price is I will still advise a nocoiner to start investing.
Me encouraging a person to start investing will only ever happen when they are planning on using their discretionary income, anything outside of that and you won't see me encouraging it.

[Tetu100]

In deed DCA is a good Idea but for a new beginner to be thinking about investment with out knowing what DCA means is a very bad idea

In case you are curious to know what it means, it a strategy that helps an investor to purchase bitcoin bit by bit either weekly, monthly or as the case may be according to your financial strength. Furthermore, it's very flexible, convinent and entertaining to every class of persons. And the most interesting part is that it helps you buy even when the market isn't friendly.

because at it stands now it is not advisable to purchase or invest in Bitcoins presently because of its present price because it's is better to invest when ever the price of Bitcoins is lower

Having such mentality will only keep you backward especially as a newbie that you are. You don't have to start up with this trading mindset that am seeing now, persisting through this part of yours we only  set limitations and make you stop half way if at all you intend going far in your investment journey.

Advice: You don't have to capitalize on the fact that bitcoin prize is too high, take advantage of the dca method to get to your desired destination. However, holding that as an excuses will only make you to end up not investing because the more you keep on waiting for the dip before investing is more the price will keep on pumping and you know what that means to you.

[Futurexxx]

In deed DCA is a good Idea but for a new beginner to be thinking about investment with out knowing what DCA means is a very bad idea because at it stands now it is not advisable to purchase or invest in Bitcoins presently because of its present price because it's is better to invest when ever the price of Bitcoins is lower at a particular price.

Their is a popular saying that goes like this, yesterday was the best time to start your Bitcoin investment, and another best time to start is now, so I will never advice you to wait any further if you have your discretionary income available because looking at a favourable price to buy is actually time wasting, because their is no Bitcoin accumulating strategy that beats the dca accumulating strategy, since you will have to buy at every price interval, and even the lowest part of the dip that someone that is waiting for the dip may fails to buy, just because he thought that the price might go deeper.
 So I urge you to buy and accumulate it, regardless of it current price because the goal is to accumulate a huge stash of Bitcoin, especially as a beginner, not by looking at a favourable price to buy that would be time wasting to you as an investor.

[Olatundespo]

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...

This is where some people get it wrong because they always believe that there is a guarantee profit in Bitcoin investment which is a very wrong move for anyone that have that mindset. I actually agree with what you have said, no matter how long you accumulated Bitcoin definitely it will not give you a guarantee profit. I'm confidence that you will see profit but no one can be able to highlight it out for you because bitcoin is a volatile asset which fluctuates in price all the time, so giving a fixed profit is not going to be possible.

Bitcoin does not offer any guaranteed result, because its common knowledge to anyone that Bitcoin is volatile asset and this is how the risky part what people need to consider. Since any wrong decisions they made will result to losses.

But what good thing about Bitcoin is this coin is good to be held for long term. Because for many years Bitcoin always have an impressive run, those good runs it get usually give good rewards to those investors choose to HODL their Bitcoin.

Bitcoin volatility is why there is never any guaranteed reward in it, and I wish every Bitcoin investor understands that part before investing. So they’ll stop investing money meant for something else into Bitcoin.
But just as you said, Bitcoin over the long term has shown why it should be in an investment portfolio. Its historical behavior for some years has shown how strong it is as an asset, and how it could perform well if it can be when given enough time.

Bitcoin has become a store of value due to its price volatility. Among those who expect to get sustainable return from Bitcoin investment are long term investors. Those expect to get a profit from Bitcoin in the short term are traders and their emotional instability puts their capital at risk and they blame the price volatility. To accumulate Bitcoin for the long term, you should implement a DCA strategy and buy regularly because the price is not affected by the volatility.

By analyzing the past price history, you can understand that the price of Bitcoin has repeatedly recovered and exceeded ATH and long term investors have got returns. Past price history is a valuable example for long term investors because it is likely to repeat itself in the future as well as high returns were given as a reward to real investors. And a warning for short term traders who missed a huge opportunity in the hope of getting small profits.

[Supreme Donvic]

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...

This is where some people get it wrong because they always believe that there is a guarantee profit in Bitcoin investment which is a very wrong move for anyone that have that mindset. I actually agree with what you have said, no matter how long you accumulated Bitcoin definitely it will not give you a guarantee profit. I'm confidence that you will see profit but no one can be able to highlight it out for you because bitcoin is a volatile asset which fluctuates in price all the time, so giving a fixed profit is not going to be possible.

Bitcoin does not offer any guaranteed result, because its common knowledge to anyone that Bitcoin is volatile asset and this is how the risky part what people need to consider. Since any wrong decisions they made will result to losses.

But what good thing about Bitcoin is this coin is good to be held for long term. Because for many years Bitcoin always have an impressive run, those good runs it get usually give good rewards to those investors choose to HODL their Bitcoin.

Bitcoin volatility is why there is never any guaranteed reward in it, and I wish every Bitcoin investor understands that part before investing. So they’ll stop investing money meant for something else into Bitcoin.
But just as you said, Bitcoin over the long term has shown why it should be in an investment portfolio. Its historical behavior for some years has shown how strong it is as an asset, and how it could perform well if it can be when given enough time.

Bitcoin volatility is part of Bitcoin and yes is also the reason why you can loss your money and can also gain profit, some people see Bitcoin volatile nature as a problem and the reason is because they see only the negative side of it which is dropping the price of Bitcoin but they forget it also helps to increase the price of Bitcoin, is volatile meaning it goes up in price and comes down in price too and that should not be a problem to anyone.
It is only someone that has zero understanding about Bitcoin that we use money meant for his upkeep to invest in Bitcoin if you really know about Bitcoin you will never use money for your up keep to invest in Bitcoin because it is risky and that is why we always say in this forum use only your discretionary income to invest in Bitcoin.
People should learn to invest in Bitcoin for long-term which is accumulating and holding for a very long time 5 to 10 years and above because is safe.

[Taskford]

Sure.  It is true that guys do not tend to need to build their emergency funds (back up funds) prior to getting started investing into bitcoin, and many times, guys already have some practice that is in place in which they already have some back up funds, so if they add the buying of bitcoin into their weekly habit, then even if they determine that their back up funds might not be enough, they likely can figure out ways (and proportions) so that they can build both their bitcoin holdings and the quantity of their back up funds at the same time and at least in a proportion that they consider to be reasonable for their own circumstances and likely the longer and longer that they are in bitcoin, whether 4-10 years or longer or some other timeline, they will likely increasingly perceive that there is value to both building their bitcoin holdings and also strengthening how they think about back up funds and how they manage such back up funds in order to support their bitcoin holdings and other aspects of their life that will also likely improve too, so long as they are being intentional with their bitcoin investment and cashflow management practices and process.

Like yeah, I totally agree with you idea of proportionately managing both the routine of investing as well as building up of  backup/emergency funds... There shouldn't really be any kind of trade-off since both your investment and backup funds are very important in their own different ways.. Guys who tend to prioritize only their emergency funds over their investments, then to place themselves in a rather difficult position in the faces of unexpected/emergency situations, and as such get forced to liquidate their holding at a probably unfavourable moment... And so in our long-term accumulation, balancing both your investment and investment safety(backup funds) is very important..

No need for investors to choose on those two option, because they have different purposes. If their intention only is to build their safety nets, there's chance that they missed lots of great opportunities on Bitcoin also maybe with other else. If they also focus only on their investment and don't have plans to waste their money to build a emergency safety net there's a chance that they might going to fall especially if there's heavy situations come in their life.

That's why proper balancing of everything is important, since aside they can make their accumulate consistent and manageable, their built safety net are there which also can help them on critical situations.

[The Founding Titan]

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.

Know how to buy bitcoin into a self custody wallet and the importance of your seed phrase this should be the barest a newbie who wants to invest in bitcoin for long period of accumulation needs to know and not much basics before going on to begin investing.

By common sense you do not have to put in too much money into what you have no wet knowledge about and with low confidence about, dew to your deficiency in knowledge of it, you must begin with as low as you can risk to forgo.

Any newbie that begins bitcoin investment and doing it in lumpsum when they have not gained knowledge is silly and greedy, and his greed can only cause him more panic and loss cause he mostly likely going sell in loss when price begins to fall.

You don't even need to know about self custody wallets or even have access to one before you can start investing in bitcoin as a newbie, you will find that alot of bitcoin investors started holding with one exchange or the other before moving on the custodial wallets and today are still holding and accumulating more bitcoin, it's not a must that you must start with a self custodial wallets as a newbie before you can have any chance of success in bitcoin investment, what's most important for a newbie to know is that they need to invest with their discretionary income using a strategy that won't put too much pressure on them and the DCA is that strategy, common sense can help lead them through the rest.

[Crakryptvest]

I don’t appreciate waiting for the dip before buying bitcoin, because that would be a very terrible decision and would make me to be personally missing out on good opportunities.

Likewise me I don't see buying the dip as an option for me, why will I want to complicate things for myself by doing that, why will anyone consider waiting for the dip if they have their discreationary income to invest, what if the dip does not occurs as at when such person expects it, some investor do forget that they are not in control of the dip and increase in the price of Bitcoin, why will anyone wait for a market condition that he doesn't have know how long it will stay or when it will surface, that's more like living on self deceptions, as far as Bitcoin investment is concern, there is no time that we cannot buy as long as we have our discreationary income, the DCA method is their for us to use, so we can buy all the time including using the DCA method but we must not wait for the dip so that we don't regret not buying when others was buying.