Does the DCA strategy inspire newbies to invest?

[Moreno233]

Life is short and one, so I do not agree with the statement that selling Bitcoin for pleasure should be completely avoided. An investor should try his best to make life beautiful and enjoyable. And wealth is not just to accumulate it with difficulty. Therefore, it is not unreasonable to sell Bitcoin to buy a necessary car, travel to spend time with family, or improve the quality of life.

However, it is important to me not to sell Bitcoin for low-quality investments because it is not wise to go into risky or weak investments by selling Bitcoin for the long term just in the hope of making more profit from some other investment.

If you are making investment to sell it for pleasure, then your decision to invest in Bitcoin was not given proper thought. The philosophy of life being too short so we can live lavishly and chase enjoyment has made many people not to achieve anything,  whatever money that come their way will be spent without accountability. So, a Bitcoiner selling Bitcoin to go spend the money carelessly is not doing the right thing. Selling Bitcoin should be systematic and organized in a way that it will not make the investor run out of Bitcoin.

[Grease5000]

Life is short and one, so I do not agree with the statement that selling Bitcoin for pleasure should be completely avoided. An investor should try his best to make life beautiful and enjoyable. And wealth is not just to accumulate it with difficulty. Therefore, it is not unreasonable to sell Bitcoin to buy a necessary car, travel to spend time with family, or improve the quality of life.

However, it is important to me not to sell Bitcoin for low-quality investments because it is not wise to go into risky or weak investments by selling Bitcoin for the long term just in the hope of making more profit from some other investment.

There's no point in accumulating wealth if we can't use it to make life better for ourselves and our families. Though bitcoin is an investment and not the whole purpose of life. And this one of the main why we always advise investors to buy bitcoin using only discretionary income because before someone know how much his discretionary income is he have already allocate money for whatever pleasure he wants and other necessary needs.

[Gravitypull$]

If we accumulate because the market is sometimes falling in price so that the amount we get by taking advantage of the situation is the more profit we get and after accumulating, we do a little selling phase on the grounds that sometimes our financial situation is in difficult times.

You don't accumulate bitcoin with the mindset of selling after seeing a little profit because that's the same thing as trading and not investing. This is why it's important for all long term bitcoin investor to set up an emergency funds as the same time they started their bitcoin investment in order to be able to holdi your bitcoin in times of unforeseen circumstances playing out because your emergency funds will be there to bail you out.

You are not to sell your bitcoin in your accumulation phase until, you have reached your over accumulation stage and you should focus on buying and growing your stash overtime with consistent and persistent for the future because if you sell little when you see profit, you will continue selling and before you know it you will run at loss because you will start timing the market to buy during the dip which becomes problematic to build your bitcoin investment in a fast pace like using DCA.

[Taskford]

The only time I believe is right for someone that is still accumulating bitcoin to sell is during an emergency and when they don't have an emergency funds and the only option they have to save the situation is to fall back to their bitcoin investment.

I'm surprised that inspite of jay juanjee teachings about emergency fund, you still don't know the purpose of setting one up. Incase you don't know, the purpose of setting up your emergency fund is to prevent you from selling off your bitcoin stash when you come in contact with a real life emergencies. I'm disappointed that after all the teachings you have been taught in this thread, you still think it is right to sell your bitcoin investment when your face with a real life emergency because it shows that you haven't been practicing what you are been taught in this thread.

Not only by his teaching, but also with many topics tackled up about emergency funds.

Because its not really good decision to take, selling their Bitcoin when life emergency came.

That also means for many months or years of their investment they choose to became so irresponsible and maybe became so greedy to think about buying more. Without paying attention with things that can secure his investment.

He should go back then read those past discussions happening in this thread, because maybe he will understand the real purpose of those matters.