Does the DCA strategy inspire newbies to invest?

[JayJuanGee]

But yes, it is very good to have our emergency fund at the initial level when starting investing. If a person starts investing without an emergency fund, it is extra risky

For us not to have an emergency funds at the earlier stage of our investment journey is pretty risky because one can't actually detect the exact time problem comes. Unplanned situation just showed up without giving signal. Therefore, preparing ahead of time is an additional advantage to your investment journey and set you prepared in case of any emergency so you won't be forced to sell at lost just to fix up things.

One of the main ideas in bitcoin investing is to try to start to invest into bitcoin as soon as you can from whatever financial position that you are at, so long as you can determine that you have discretionary funds.

Accordingly, the level of back up funds, to start, largely only needs to be enough to make sure that you are not investing beyond your discretionary funds, and thereafter, once you get started, you could well build your back up funds and your bitcoin investment at the same time, even if you might choose to emphasize on one end or another.  If you absolutely have  no back up funds, you may well want to emphasize the back up funds until it reaches 2-4 weeks of expenses, and then maybe once back up funds are at least 4 weeks of expenses, then there might be a preference to emphasize the money put into bitcoin..

so perhaps if a bitcoin newbie has $120 per week of discretionary funds,

1) maybe the first couple of months of investing:  he might emphasize $60 into back up funds $40 into bitcoin buying and $20 into discretionary consumption.   

2) 2-6 months after starting to invest: he might emphasize $40 into back up funds $40 into bitcoin buying and $40 into discretionary consumption.   

3) 6-12 months after starting to invest: he might emphasize $30 into back up funds $60 into bitcoin buying and $30 into discretionary consumption.

There can be a variety of ways to divide matters up, and surely if guys can figure out ways to increase their discretionary funds by increasing their income and/or decreasing their expenses, then they also will feel that they have more money that they can work with, which tends to be a good feeling, even if a person has systems in place and if they receive some extra money, they may well already know how they want to allocate it in terms of buttressing up their back up funds, but also considering the three ways that they can buy bitcoin namely: 1) right away, 2) defer by time (DCA), and/or 3) defer by time (buying on dips that might not happen).

[Halifat]

But yes, it is very good to have our emergency fund at the initial level when starting investing. If a person starts investing without an emergency fund, it is extra risky

For us not to have an emergency funds at the earlier stage of our investment journey is pretty risky because one can't actually detect the exact time problem comes. Unplanned situation just showed up without giving signal. Therefore, preparing ahead of time is an additional advantage to your investment journey and set you prepared in case of any emergency so you won't be forced to sell at lost just to fix up things.

One of the main ideas in bitcoin investing is to try to start to invest into bitcoin as soon as you can from whatever financial position that you are at, so long as you can determine that you have discretionary funds.

Accordingly, the level of back up funds, to start, largely only needs to be enough to make sure that you are not investing beyond your discretionary funds, and thereafter, once you get started, you could well build your back up funds and your bitcoin investment at the same time, even if you might choose to emphasize on one end or another.  If you absolutely have  no back up funds, you may well want to emphasize the back up funds until it reaches 2-4 weeks of expenses, and then maybe once back up funds are at least 4 weeks of expenses, then there might be a preference to emphasize the money put into bitcoin..

so perhaps if a bitcoin newbie has $120 per week of discretionary funds,

1) maybe the first couple of months of investing:  he might emphasize $60 into back up funds $40 into bitcoin buying and $20 into discretionary consumption.   

2) 2-6 months after starting to invest: he might emphasize $40 into back up funds $40 into bitcoin buying and $40 into discretionary consumption.   

3) 6-12 months after starting to invest: he might emphasize $30 into back up funds $60 into bitcoin buying and $30 into discretionary consumption.

There can be a variety of ways to divide matters up, and surely if guys can figure out ways to increase their discretionary funds by increasing their income and/or decreasing their expenses, then they also will feel that they have more money that they can work with, which tends to be a good feeling, even if a person has systems in place and if they receive some extra money, they may well already know how they want to allocate it in terms of buttressing up their back up funds, but also considering the three ways that they can buy bitcoin namely: 1) right away, 2) defer by time (DCA), and/or 3) defer by time (buying on dips that might not happen).

I am highly impressed with this breakdown of yours because at first it look confusing but when I seat down to look at it very well, i realized that this is the best strategy for someone to use to succeed in accumulating Bitcoin. At first I said why in the first month the emergency fund is huge? but I realized that it is the best to have it that big so that you can be able to plan for your investment properly, for instance this first emergency funds can go very long way since you are just starting and it reduces when it goes.

Honestly, with this your explanation I now realize that the discretionary consumption is also very important and all these are wants not our needs and they are very important in our life, in this case both WANT and NEEDS to be considered to allow a smooth running investment. All this while I only consider the NEEDS forgetting about WANT, so now we have to deal with both Discretionary Consumption and Non-Discretionary Consumption.

[Obulis]

-snip-

Furthermore, smart investors never ignore moments and opportunities. They will continually monitor conditions and capitalize on them, even if they might have bought aggressively or in larger amounts in the past. But smart investors will always seize opportunities and capitalize on any moment that holds significant potential for the future.

The investors I’m referring to have strong financial capabilities and do not fall into the lower-middle-class category.
Saylor is an example I can mention here. He invests by identifying the right moments and opportunities. But I want to emphasize that not everyone has to wait until they become like Saylor to buy Bitcoin. It’s enough to be yourself—someone smart enough to recognize future opportunities that encourage investing in Bitcoin. In the long run, it won’t disappoint.

There are different opportunities in the market and most investors still ignore their chances of taking advantage to make money.
I have always known that not everybody will be profitable whether they are smart investors or greedy ones.
The market is opened to us with chances that can make investors who are diligent with accumulating Bitcoin but greed can make them to look to the other side of the track which can become unfortunate.

if someone that is planning to invest in bitcoin should have this mindset that they will take advantage of the market in other to make money as you said, then they are coming with the mindset of making quick profit and this is very risky because they can really outsmart the market. Going into bitcoin investment with the mindset of taking advantage of the market in other to make money is trading mindset and there is possibility of such people losing all there money in a go.

Wakate didn't really make the advantages talked about or his or her point clear and that gave it the view proty is emphasizing. Talking about diligence in accumulating Bitcoin or diligent investor and greedy investor and pointing at taking advantage of the market are already incompatible. Just asking, how does a diligent investor take advantage of the market and what is the greed about or are the greddy investors from the point made? There should be clear emphasis to avoid misconception because ordinarily when you point at taking advantage of the market members will think of quick gains like proty is emphasizing and diligent accumulation ordinarily has nothing to do with quick gains and ordinarily a greedy investor would look out for quick gains.

[ASloveapg]

-snip-

There are different opportunities in the market and most investors still ignore their chances of taking advantage to make money.
I have always known that not everybody will be profitable whether they are smart investors or greedy ones.
The market is opened to us with chances that can make investors who are diligent with accumulating Bitcoin but greed can make them to look to the other side of the track which can become unfortunate.

Over time, they expect profits through the capital they use gradually, which will be different from those who take daily profits in the market using technical means.
We have to separate the two between traders and investors. Bitcoin traders who expect to profit from their daily activities may become greedy but investors who are consistent over a long period of time have greater profits from price returns at any one time and they have a greater chance of winning than losing in terms of profits with the trader.

Trading and investing should be kept separate, they should never be confused. The goals and methods of the two are not the same but completely different. While traders usually try to profit from short-term price fluctuations, investors rely on the growth and potential of an asset in the long term. In other words, it is completely clear here that these are two completely different things, so they must be treated as separate, the risks and possibilities are also different, so you have to invest or trade depending on what you have the ability to manage properly, and the risk you have the ability to take.

[JayJuanGee]

[edited out]

I am highly impressed with this breakdown of yours because at first it look confusing but when I seat down to look at it very well, i realized that this is the best strategy for someone to use to succeed in accumulating Bitcoin. At first I said why in the first month the emergency fund is huge? but I realized that it is the best to have it that big so that you can be able to plan for your investment properly, for instance this first emergency funds can go very long way since you are just starting and it reduces when it goes.

Just to clarify, in situations in which a guy might have little to no back up funds, then he may well want to build up some base level so that very straight-forward and common fluctuations in cashflow do not cause emergencies for him, and surely it can be quite common that guys might even have short periods in which their income goes down and/or their expenses go up, and back up funds can absorb those kinds of likely to occur irregularities that any of us might end up going through.

And, yeah, your other observation about the contribution to the back up funds gradually going down has an assumption that the back up funds are continuing to build up, yet they are no longer at such a low level that they are unable to help even basic levels of fluctuation in the discretionary income... so yeah, guys are not going to be accustomed to holding so much cash, yet at the same time, if there are ever any cashflow issues, guys are going to feel a lot more rich by having funds available to deal with a variety of cashflow issues.

Also, if bitcoin and back ups are built up at the same time, we likely know that the bitcoin portion has potential to be able to grow, yet the cash that is in back up funds is likely ongoingly decreasing in purchasing power, so the bitcoin's potential offsets the inevitability of the cash ongoingly losing value (even though we are presumptively ongoingly adding to the cash and building it up to larger and larger amounts that are losing value in larger amounts).

Honestly, with this your explanation I now realize that the discretionary consumption is also very important and all these are wants not our needs and they are very important in our life, in this case both WANT and NEEDS to be considered to allow a smooth running investment. All this while I only consider the NEEDS forgetting about WANT, so now we have to deal with both Discretionary Consumption and Non-Discretionary Consumption.

For sure, we have more abilities to try to control our wants as compared with our needs, yet at the same time, we likely need to ongoingly use some of our money to pay for our wants, and there surely could be some variation in how much we choose to spend on our wants.

At the same time, it is problematic for guys to frequently act as if their expenses for wants are $0, which is a lot of bullshit, and they are likely lying to themselves when they calculate their expenses for wants to be $0.  Furthermore, there surely could be some periods where guys purposefully choose to spend $0 or close to $0 on their discretionary consumption, yet it would not be sustainable for them to project their expenses on an ongoing basis as if their expenses for wants (discretionary consumption) continued to be $0.

[whiteblue]

-snip-

There are different opportunities in the market and most investors still ignore their chances of taking advantage to make money.
I have always known that not everybody will be profitable whether they are smart investors or greedy ones.
The market is opened to us with chances that can make investors who are diligent with accumulating Bitcoin but greed can make them to look to the other side of the track which can become unfortunate.

Over time, they expect profits through the capital they use gradually, which will be different from those who take daily profits in the market using technical means.
We have to separate the two between traders and investors. Bitcoin traders who expect to profit from their daily activities may become greedy but investors who are consistent over a long period of time have greater profits from price returns at any one time and they have a greater chance of winning than losing in terms of profits with the trader.

Trading and investing should be kept separate, they should never be confused. The goals and methods of the two are not the same but completely different. While traders usually try to profit from short-term price fluctuations, investors rely on the growth and potential of an asset in the long term. In other words, it is completely clear here that these are two completely different things, so they must be treated as separate, the risks and possibilities are also different, so you have to invest or trade depending on what you have the ability to manage properly, and the risk you have the ability to take.

I prefer investors who invest $10 per week over those who trading $1,000 daily. Because investment success is much more likely if we buy and hold consistently. The risk is much lower because we hold for the long term.

With everything you've explained, investors who start investing in Bitcoin have already planned their investment plans for decades. It's no wonder investors start with small amounts because they can increase their purchases in the coming years.

The DCA supports our long term investment plan because we continue to buy weekly with discretionary income.

[Futurexxx]

I prefer investors who invest $10 per week over those who trading $1,000 daily. Because investment success is much more likely if we buy and hold consistently. The risk is much lower because we hold for the long term.

The key to every Bitcoin investment is not how much you invest in it, but how consistent you are in your accumulation, because the size of your stash is what's going to determine how profitable and successful you might be in the future, so consistent accumulation puts you in a better position to reap the full dividend of your investment if you can be able to hold for a very long time.

Overtime it has been proven that trading is a no man's game, because the chances of losing is a lot higher than the chances of winning, so it's no where near a Bitcoin investor in terms of profitability for an extended period of time, so it makes no sense to be following the difficult part which is less profitable, when the easier part which is Bitcoin investment is available and is more profitable.

[junder]

~snip~

There can be a variety of ways to divide matters up, and surely if guys can figure out ways to increase their discretionary funds by increasing their income and/or decreasing their expenses, then they also will feel that they have more money that they can work with, which tends to be a good feeling, even if a person has systems in place and if they receive some extra money, they may well already know how they want to allocate it in terms of buttressing up their back up funds, but also considering the three ways that they can buy bitcoin namely: 1) right away, 2) defer by time (DCA), and/or 3) defer by time (buying on dips that might not happen).

Finding ways to increase discretionary funds is certainly a good thing, because with this we will be able to be fulfilled based on the needs or desires such as the investments we make, which of course is not just a good feeling but also a good situation.

With the way to buy bitcoin itself depends on each individual just do not forget to consider it first, and with this discretionary fund we can use it to invest.

[Joeboy]

~snip~

There can be a variety of ways to divide matters up, and surely if guys can figure out ways to increase their discretionary funds by increasing their income and/or decreasing their expenses, then they also will feel that they have more money that they can work with, which tends to be a good feeling, even if a person has systems in place and if they receive some extra money, they may well already know how they want to allocate it in terms of buttressing up their back up funds, but also considering the three ways that they can buy bitcoin namely: 1) right away, 2) defer by time (DCA), and/or 3) defer by time (buying on dips that might not happen).

Finding ways to increase discretionary funds is certainly a good thing, because with this we will be able to be fulfilled based on the needs or desires such as the investments we make, which of course is not just a good feeling but also a good situation.

With the way to buy bitcoin itself depends on each individual just do not forget to consider it first, and with this discretionary fund we can use it to invest.

Yeah it is certainly good, especially in maintaining folks investment over a long term period (but it isn't absolutely necessary when kickstarting your investment journey)...At the start of your investment, what is most important is that you have your Discretionary income, regardless of the size it is.. And as one goes on with their investment, they can then try figuring out ways of ensuring that their investments is maintained.. And to achieve this, folks could very well look for ways of increasing their discretionary income so as to make it much more easier to allocate more to Bitcoin while also having spare discretionary for consumption and to build backup/or emergency funds...

[Stive009]

I totally agree that DCA is the main building block because it removes the pressure of trying to predict the market. The biggest mistake many investors make is keeping capital on the sidelines while waiting for the perfect dip, only to watch the price recover without them knowing. And also,I don't think DCA and buying the dip have to compete. A disciplined investor can stick to a regular DCA schedule while keeping a small reserve for major corrections.
[/quote]
The main function of DCA is to keep us connected to the market and save us from the added stress of having to predict every move. Because if we sit idle for an indefinite period of time hoping for a perfect price drop, and the market suddenly rises that regret is not repaid.

But the best part is that doing DCA regularly and buying during price drops are not competitors, but complementary. A disciplined DCA maintains consistency in our portfolio, and a small reserve fund as a backup for a major drop creates a great opportunity to buy more coins cheaply without destroying the main strategy.
The key here is to maintain discipline, secure an emergency fund, and never go all-in on the market.
At the end of the day, I believe that accumulating Bitcoin regularly and consistently should be our mainstay. And major drops or crashes should be seen as a bonus opportunity to that main plan, not an alternativ

[Halifat]

Honestly, with this your explanation I now realize that the discretionary consumption is also very important and all these are wants not our needs and they are very important in our life, in this case both WANT and NEEDS to be considered to allow a smooth running investment. All this while I only consider the NEEDS forgetting about WANT, so now we have to deal with both Discretionary Consumption and Non-Discretionary Consumption.

For sure, we have more abilities to try to control our wants as compared with our needs, yet at the same time, we likely need to ongoingly use some of our money to pay for our wants, and there surely could be some variation in how much we choose to spend on our wants.

At the same time, it is problematic for guys to frequently act as if their expenses for wants are $0, which is a lot of bullshit, and they are likely lying to themselves when they calculate their expenses for wants to be $0.  Furthermore, there surely could be some periods where guys purposefully choose to spend $0 or close to $0 on their discretionary consumption, yet it would not be sustainable for them to project their expenses on an ongoing basis as if their expenses for wants (discretionary consumption) continued to be $0.

You are absolutely right, it will definitely be a problematic for anyone to frequently say that discretionary consumption have to be zero, if anyone decided to ignore it definitely your investment will be at risk because some of WANTS are also more important that some NEEDS,  my reason for this support is that if you know what you want and honestly you did not do it, it actually affects someone and that can also affect your investment that is why it is very very necessary for us not to live our discretionary consumption to be $0 balance.

[Charcol]

-snip-

Furthermore, smart investors never ignore moments and opportunities. They will continually monitor conditions and capitalize on them, even if they might have bought aggressively or in larger amounts in the past. But smart investors will always seize opportunities and capitalize on any moment that holds significant potential for the future.

The investors I’m referring to have strong financial capabilities and do not fall into the lower-middle-class category.
Saylor is an example I can mention here. He invests by identifying the right moments and opportunities. But I want to emphasize that not everyone has to wait until they become like Saylor to buy Bitcoin. It’s enough to be yourself—someone smart enough to recognize future opportunities that encourage investing in Bitcoin. In the long run, it won’t disappoint.

There are different opportunities in the market and most investors still ignore their chances of taking advantage to make money.
I have always known that not everybody will be profitable whether they are smart investors or greedy ones.
The market is opened to us with chances that can make investors who are diligent with accumulating Bitcoin but greed can make them to look to the other side of the track which can become unfortunate.

if someone that is planning to invest in bitcoin should have this mindset that they will take advantage of the market in other to make money as you said, then they are coming with the mindset of making quick profit and this is very risky because they can really outsmart the market. Going into bitcoin investment with the mindset of taking advantage of the market in other to make money is trading mindset and there is possibility of such people losing all there money in a go.

Wakate didn't really make the advantages talked about or his or her point clear and that gave it the view proty is emphasizing. Talking about diligence in accumulating Bitcoin or diligent investor and greedy investor and pointing at taking advantage of the market are already incompatible. Just asking, how does a diligent investor take advantage of the market and what is the greed about or are the greddy investors from the point made? There should be clear emphasis to avoid misconception because ordinarily when you point at taking advantage of the market members will think of quick gains like proty is emphasizing and diligent accumulation ordinarily has nothing to do with quick gains and ordinarily a greedy investor would look out for quick gains.

Taking advantage of the market when DIP comes does not mean that you have become a greedy trader. We long-term Bitcoin investors can also take advantage of the market, but that will probably only be reasonable if we do it with our additional discretionary or reserve funds. If you start showing emotion to buy just because the price has dropped, then it can almost certainly be risky. But if we as long-term investors continue to regularly DCA, set aside an emergency fund, and buy a little more with the reserve fund, then we will not become traders. This can also strengthen our long-term savings plan.

People actually make mistakes when someone thinks that they will beat the market, buy today and sell tomorrow, and buy again when it goes down. These are decisions that come from a place of greed. But if you understand your own cash flow and want to take advantage with a long-term goal in mind, then there is no problem with that.

[Showlove01]

Honestly, with this your explanation I now realize that the discretionary consumption is also very important and all these are wants not our needs and they are very important in our life, in this case both WANT and NEEDS to be considered to allow a smooth running investment. All this while I only consider the NEEDS forgetting about WANT, so now we have to deal with both Discretionary Consumption and Non-Discretionary Consumption.

For sure, we have more abilities to try to control our wants as compared with our needs, yet at the same time, we likely need to ongoingly use some of our money to pay for our wants, and there surely could be some variation in how much we choose to spend on our wants.

At the same time, it is problematic for guys to frequently act as if their expenses for wants are $0, which is a lot of bullshit, and they are likely lying to themselves when they calculate their expenses for wants to be $0.  Furthermore, there surely could be some periods where guys purposefully choose to spend $0 or close to $0 on their discretionary consumption, yet it would not be sustainable for them to project their expenses on an ongoing basis as if their expenses for wants (discretionary consumption) continued to be $0.

You are absolutely right, it will definitely be a problematic for anyone to frequently say that discretionary consumption have to be zero, if anyone decided to ignore it definitely your investment will be at risk because some of WANTS are also more important that some NEEDS,  my reason for this support is that if you know what you want and honestly you did not do it, it actually affects someone and that can also affect your investment that is why it is very very necessary for us not to live our discretionary consumption to be $0 balance.

You seem to be sounding like the wants are more pressing or important than the needs which I will answer in a Capital letter NO! It is not more pressing or as Important as needs because needs are the essential things that one can not do without but we can do without wants that is the difference. Those expenses that an investor should take care of are needs and not wants. You can actually want something without needing it, I hope you get the explanation.

[Hardyrobust]

Taking advantage of the market when DIP comes does not mean that you have become a greedy trader. We long-term Bitcoin investors can also take advantage of the market, but that will probably only be reasonable if we do it with our additional discretionary or reserve funds. If you start showing emotion to buy just because the price has dropped, then it can almost certainly be risky. But if we as long-term investors continue to regularly DCA, set aside an emergency fund, and buy a little more with the reserve fund, then we will not become traders. This can also strengthen our long-term savings plan.

People actually make mistakes when someone thinks that they will beat the market, buy today and sell tomorrow, and buy again when it goes down. These are decisions that come from a place of greed. But if you understand your own cash flow and want to take advantage with a long-term goal in mind, then there is no problem with that.

Both long term investors and traders can take advantage of the market but the idea of taking advantage of the market can push an investor into waiting for when the market feels favourable for them to take advantage of it. So they may feel that buying when the price isn't low that they are at disadvantage. For this I feel that whenever an investor buy bitcoin that they are already taking advantage of the market and not necessarily when the price is low.

[Halifat]

Honestly, with this your explanation I now realize that the discretionary consumption is also very important and all these are wants not our needs and they are very important in our life, in this case both WANT and NEEDS to be considered to allow a smooth running investment. All this while I only consider the NEEDS forgetting about WANT, so now we have to deal with both Discretionary Consumption and Non-Discretionary Consumption.

For sure, we have more abilities to try to control our wants as compared with our needs, yet at the same time, we likely need to ongoingly use some of our money to pay for our wants, and there surely could be some variation in how much we choose to spend on our wants.

At the same time, it is problematic for guys to frequently act as if their expenses for wants are $0, which is a lot of bullshit, and they are likely lying to themselves when they calculate their expenses for wants to be $0.  Furthermore, there surely could be some periods where guys purposefully choose to spend $0 or close to $0 on their discretionary consumption, yet it would not be sustainable for them to project their expenses on an ongoing basis as if their expenses for wants (discretionary consumption) continued to be $0.

You are absolutely right, it will definitely be a problematic for anyone to frequently say that discretionary consumption have to be zero, if anyone decided to ignore it definitely your investment will be at risk because some of WANTS are also more important that some NEEDS,  my reason for this support is that if you know what you want and honestly you did not do it, it actually affects someone and that can also affect your investment that is why it is very very necessary for us not to live our discretionary consumption to be $0 balance.

You seem to be sounding like the wants are more pressing or important than the needs which I will answer in a Capital letter NO! It is not more pressing or as Important as needs because needs are the essential things that one can not do without but we can do without wants that is the difference. Those expenses that an investor should take care of are needs and not wants. You can actually want something without needing it, I hope you get the explanation.

I am not trying to put WANTS as important than NEEDS, WANTS are something we cannot do away with but a lot of people make mistake by only fulfilling their NEEDS without looking at WANTS, which I said that WANTS is also very important when it comes to investment, making WANTS available also make an investment move freely. Before now I don't consider WANTS in my investment which make me struggle in the process. It is not that I don't plan for any vacation but whenever I want to go Vacation I struggle to meet up.

Needs are the things you must do which if you fail you will regret it, but as for WANTS is unlimited which come ups at any moment and that is why making provision for it is actually the best because without it we cannot even enjoy our life, and enjoyment is very important to us.

[Halifat]

Taking advantage of the market when DIP comes does not mean that you have become a greedy trader. We long-term Bitcoin investors can also take advantage of the market, but that will probably only be reasonable if we do it with our additional discretionary or reserve funds. If you start showing emotion to buy just because the price has dropped, then it can almost certainly be risky. But if we as long-term investors continue to regularly DCA, set aside an emergency fund, and buy a little more with the reserve fund, then we will not become traders. This can also strengthen our long-term savings plan.

People actually make mistakes when someone thinks that they will beat the market, buy today and sell tomorrow, and buy again when it goes down. These are decisions that come from a place of greed. But if you understand your own cash flow and want to take advantage with a long-term goal in mind, then there is no problem with that.

Both long term investors and traders can take advantage of the market but the idea of taking advantage of the market can push an investor into waiting for when the market feels favourable for them to take advantage of it. So they may feel that buying when the price isn't low that they are at disadvantage. For this I feel that whenever an investor buy bitcoin that they are already taking advantage of the market and not necessarily when the price is low.

I think it is only traders that wait for the market but real investors doesn't wait for the market to be favorable before they invest. I don't see why procrastinating when it's come to bitcoin investment because putting delay in your investment simply means that you are not ready to invest. Any real investor invest immediately they have the plan because it actually need preparation if really you want to be an investor, a better investor invest in a period of 4 - 10 years of holding. The only advantage when it comes to investment is investing immediately you have that mindset and your disadvantage is when you have the plan but failed to execute it.

[Sonia_123]

Taking advantage of the market when DIP comes does not mean that you have become a greedy trader. We long-term Bitcoin investors can also take advantage of the market, but that will probably only be reasonable if we do it with our additional discretionary or reserve funds. If you start showing emotion to buy just because the price has dropped, then it can almost certainly be risky. But if we as long-term investors continue to regularly DCA, set aside an emergency fund, and buy a little more with the reserve fund, then we will not become traders. This can also strengthen our long-term savings plan.

People actually make mistakes when someone thinks that they will beat the market, buy today and sell tomorrow, and buy again when it goes down. These are decisions that come from a place of greed. But if you understand your own cash flow and want to take advantage with a long-term goal in mind, then there is no problem with that.

Both long term investors and traders can take advantage of the market but the idea of taking advantage of the market can push an investor into waiting for when the market feels favourable for them to take advantage of it. So they may feel that buying when the price isn't low that they are at disadvantage. For this I feel that whenever an investor buy bitcoin that they are already taking advantage of the market and not necessarily when the price is low.

I think it is only traders that wait for the market but real investors doesn't wait for the market to be favorable before they invest. I don't see why procrastinating when it's come to bitcoin investment because putting delay in your investment simply means that you are not ready to invest. Any real investor invest immediately they have the plan because it actually need preparation if really you want to be an investor, a better investor invest in a period of 4 - 10 years of holding. The only advantage when it comes to investment is investing immediately you have that mindset and your disadvantage is when you have the plan but failed to execute it.

Also a real investor quickly pick up the easiest and stress free strategy that does not cause delay or any inch in investing which is the dca first and start accumulating and holding with the aid of his discretionary income before thinking of any problem to solve and look for a way out immediately because the market does not wait for anyone but keeps going therefore serious investors grab opportunities .

[leonair]

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

The DCA strategy is really effective for beginners and for all investors. No matter how experienced you are, can you guarantee that the price you are buying Bitcoin at is the lowest price for Bitcoin? No one can say that and that is why the DCA strategy is much more effective. It allows you to start investing in Bitcoin from any price and take advantage of the entire bear season. And of course, the possibility of losing money is very low if you invest according to the DCA strategy, although no one will ever lose money if they invest in Bitcoin if they can hold it for the long term. I myself use DCA all the time and I can always be comfortable with investing if I invest with the DCA strategy.

[JayJuanGee]

Honestly, with this your explanation I now realize that the discretionary consumption is also very important and all these are wants not our needs and they are very important in our life, in this case both WANT and NEEDS to be considered to allow a smooth running investment. All this while I only consider the NEEDS forgetting about WANT, so now we have to deal with both Discretionary Consumption and Non-Discretionary Consumption.

For sure, we have more abilities to try to control our wants as compared with our needs, yet at the same time, we likely need to ongoingly use some of our money to pay for our wants, and there surely could be some variation in how much we choose to spend on our wants.

At the same time, it is problematic for guys to frequently act as if their expenses for wants are $0, which is a lot of bullshit, and they are likely lying to themselves when they calculate their expenses for wants to be $0.  Furthermore, there surely could be some periods where guys purposefully choose to spend $0 or close to $0 on their discretionary consumption, yet it would not be sustainable for them to project their expenses on an ongoing basis as if their expenses for wants (discretionary consumption) continued to be $0.

You are absolutely right, it will definitely be a problematic for anyone to frequently say that discretionary consumption have to be zero, if anyone decided to ignore it definitely your investment will be at risk because some of WANTS are also more important that some NEEDS,  my reason for this support is that if you know what you want and honestly you did not do it, it actually affects someone and that can also affect your investment that is why it is very very necessary for us not to live our discretionary consumption to be $0 balance.

You are exaggerating too much.

If guys are figuring out how to differentiate between needs and wants, then there can be almost no way that wants would end up being more important than needs.  Needs cannot be deferred, even though wants can... and yeah, the payment for needs could be deferred if someone allows late payment.

Maybe you want to provide some example in which you have found out that "wants" to be more important than "needs"?  I would suggest that if you are finding such examples, then you are likely misclassifying the situation and/or distorting reality if you are finding such examplesn that you consider to be realistic and/or actual examples of wants being greater than needs.

Honestly, with this your explanation I now realize that the discretionary consumption is also very important and all these are wants not our needs and they are very important in our life, in this case both WANT and NEEDS to be considered to allow a smooth running investment. All this while I only consider the NEEDS forgetting about WANT, so now we have to deal with both Discretionary Consumption and Non-Discretionary Consumption.

For sure, we have more abilities to try to control our wants as compared with our needs, yet at the same time, we likely need to ongoingly use some of our money to pay for our wants, and there surely could be some variation in how much we choose to spend on our wants.

At the same time, it is problematic for guys to frequently act as if their expenses for wants are $0, which is a lot of bullshit, and they are likely lying to themselves when they calculate their expenses for wants to be $0.  Furthermore, there surely could be some periods where guys purposefully choose to spend $0 or close to $0 on their discretionary consumption, yet it would not be sustainable for them to project their expenses on an ongoing basis as if their expenses for wants (discretionary consumption) continued to be $0.

You are absolutely right, it will definitely be a problematic for anyone to frequently say that discretionary consumption have to be zero, if anyone decided to ignore it definitely your investment will be at risk because some of WANTS are also more important that some NEEDS,  my reason for this support is that if you know what you want and honestly you did not do it, it actually affects someone and that can also affect your investment that is why it is very very necessary for us not to live our discretionary consumption to be $0 balance.

You seem to be sounding like the wants are more pressing or important than the needs which I will answer in a Capital letter NO! It is not more pressing or as Important as needs because needs are the essential things that one can not do without but we can do without wants that is the difference. Those expenses that an investor should take care of are needs and not wants. You can actually want something without needing it, I hope you get the explanation.

I am not trying to put WANTS as important than NEEDS, WANTS are something we cannot do away with but a lot of people make mistake by only fulfilling their NEEDS without looking at WANTS, which I said that WANTS is also very important when it comes to investment, making WANTS available also make an investment move freely. Before now I don't consider WANTS in my investment which make me struggle in the process. It is not that I don't plan for any vacation but whenever I want to go Vacation I struggle to meet up.

Needs are the things you must do which if you fail you will regret it, but as for WANTS is unlimited which come ups at any moment and that is why making provision for it is actually the best because without it we cannot even enjoy our life, and enjoyment is very important to us.

There is nothing wrong with you proclaiming that wants can sometimes be very important to individuals, yet by definition needs are more important than wants, even though surely irrational people are likely to confuse the two and/or not be able to recognize the difference between wants and needs, and hopefully you either already know or you are able to figure out how they differ from each other in terms of your own prioritizing certain expenses in your budget even though perhaps there might be circumstances in which you might not be able to defer some of the costs of your wants.

Of course, humans are not robots, so there are emotional elements that we might have to sometimes satisfy whether it relates to our own direct emotions or perhaps some of the emotions of other people who we might be responsible to support (or we feel some need to support them).

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

The DCA strategy is really effective for beginners and for all investors. No matter how experienced you are, can you guarantee that the price you are buying Bitcoin at is the lowest price for Bitcoin? No one can say that and that is why the DCA strategy is much more effective. It allows you to start investing in Bitcoin from any price and take advantage of the entire bear season. And of course, the possibility of losing money is very low if you invest according to the DCA strategy, although no one will ever lose money if they invest in Bitcoin if they can hold it for the long term. I myself use DCA all the time and I can always be comfortable with investing if I invest with the DCA strategy.

DCA does not guarantee that you do not lose money, even though surely DCA tends to be a good strategy for anyone to figure out and apply their level of aggressiveness (or whimpiness) in terms of how much they buy and in light of their own cashflow situation, and surely with DCA it tends to be better to have an asset that is likely to have an upward trend, even if the asset might have periods of volatility and even periods of downward price movements.

[SPIDERMAN008]

I prefer investors who invest $10 per week over those who trading $1,000 daily. Because investment success is much more likely if we buy and hold consistently. The risk is much lower because we hold for the long term.

With everything you've explained, investors who start investing in Bitcoin have already planned their investment plans for decades. It's no wonder investors start with small amounts because they can increase their purchases in the coming years.

The DCA supports our long term investment plan because we continue to buy weekly with discretionary income.

In the case of investing in Bitcoin, it is important to know the amount with which the investor starts investing and what kind of plan the investor has started investing with. If someone buys Bitcoin with a very large amount of money and thinks that he will make a profit in a short time, then that mindset is wrong. But if someone wants to start consistently with a low amount and keep a long time planning, then his mindset is on the right track.  New investor may have less knowledge about Bitcoin in the beginning or may not be confident, so he starts with a low amount, but later on, with time, his discretionary income increase and he start  knowing  about Bitcoin more , so later he adjusts the DCA amount. It is illogical to understand or say that just because a person started with $10, he will DCA with the same amount throughout his life. Therefore, it is more important to have a proper plan for investing in Bitcoin. It is not mandatory to start big amount investing with.