Balancing Financial security and Bitcoin Accumulation

[liasbaa]

I get you,  there is really kidda no perfect excuse to not be investing in Bitcoin. It is true that DCA was designed to be flexible, the amount must not have to be fixed. Anyone can technically start, even with very little.

But what I feel is that, if we are being realistic, it is not always that simple. When someone does not have a stable income and is constantly worrying about survival, investing, even small amounts is really and very stressful, I won’t lie. I’ve been there before. The truth is for some people in that situation, Bitcoin is not the problem, life pressure and their bill is.

Many of us are poor and looking for work to pay the bills and meet the needs of our families and have to earn a little to survive. Many poor families really want to be rich and are ready to work hard. There are some villages where there is no work and they remain poor all their lives.

Bitcoin is not for everyone It is not easy for some poor people. Their income is less than the needs of their families. I would say that if those poor people take care of their families and if they really want to improve their finances through hard work they can start accumulation Bitcoin and continue doing so for a long time. There are examples of those bitcoiners who are struggling with poverty and are committed to themselves and also accumulation bitcoin. Poverty makes many investors more confident with a strong desire to change their financial situation.

[Hardyrobust]

I get you,  there is really kidda no perfect excuse to not be investing in Bitcoin. It is true that DCA was designed to be flexible, the amount must not have to be fixed. Anyone can technically start, even with very little.

But what I feel is that, if we are being realistic, it is not always that simple. When someone does not have a stable income and is constantly worrying about survival, investing, even small amounts is really and very stressful, I won’t lie. I’ve been there before. The truth is for some people in that situation, Bitcoin is not the problem, life pressure and their bill is.

it is only those that have discretionary income that is fit to invest in bitcoin. Not having a stable source of income shouldn't be an obstacle or the reason for not investing in bitcoin as far as we have discretionary income to invest with, then we are good to go .
DCA strategy shouldn't be done with a fixed amount especially when we have an irregular income.

[Shiny_L@dy]

 Indeed Bitcoin investment is for everyone, for people of all professions and classes, we have heard this but if any of our Nigerian citizens have to worry about life, that is, about living, then it is better not to invest in them, however, it is true that if we have $5 in Naira (which is the minimum amount) without monthly expenses, we are still eligible for investment.

Actually, no matter how high the price of Bitcoin is, not everyone will have to buy 1 Bitcoin to start investing or refrain from investing until they have accumulated this amount of money.You should buy whenever you have the opportunity, no matter how low or high the purchase amount is,The main point is that since DCA is involved, it makes sense for us to start by giving a small amount of money.

DCA method can be invested with a very small amount of money, just like you said, if someone can save a minimum of $5 for their investment, it is worthy. If one invests DCA with $500 and another invests $5, the difference here will be only in numbers, but not  in strategy or opportunity. There is no opportunity to underestimate the amount of money. Usually, many people underestimate $5, thinking that what will happen with this small amount.

However, for those who want to take advantage of Bitcoin even with a small amount and continue to invest regularly, the biggest asset is the sense of responsibility and mentality. This small amount and these small steps will gradually make them maintain financial discipline, have patience, have a long-term mindset and be responsible for the future. A huge ocean is created by drops of water.

However, it should be remembered that the positive effect will be effective only when someone invests without putting pressure on the basic needs of their life. The needs and responsibilities of oneself and family should be the first priority.

✨

[POPOLUV]

I get you,  there is really kidda no perfect excuse to not be investing in Bitcoin. It is true that DCA was designed to be flexible, the amount must not have to be fixed. Anyone can technically start, even with very little.

But what I feel is that, if we are being realistic, it is not always that simple. When someone does not have a stable income and is constantly worrying about survival, investing, even small amounts is really and very stressful, I won’t lie. I’ve been there before. The truth is for some people in that situation, Bitcoin is not the problem, life pressure and their bill is.

Many of us are poor and looking for work to pay the bills and meet the needs of our families and have to earn a little to survive. Many poor families really want to be rich and are ready to work hard. THERE ARE  SOME VILLAGES WHERE THERE IS NO WORK AND THEY REMAIN POOR ALL THEIR LIVES.

Bitcoin is not for everyone It is not easy for some poor people. Their income is less than the needs of their families. I would say that if those poor people take care of their families and if they really want to improve their finances through hard work they can start accumulation Bitcoin and continue doing so for a long time. There are examples of those bitcoiners who are struggling with poverty and are committed to themselves and also accumulation bitcoin. Poverty makes many investors more confident with a strong desire to change their financial situation.

To be honest with you currently 100% of the poor Masses don't want to remain poor in all their lives and even when the government fails to recognize those villages they create little jobs opportunities within themselves that still put food on their table, so at such embarking into Bitcoin investments i hope you know that there is no discrimination of any kinds that said this investors is poor or investing with low income, i would love you to say that Bitcoin is for everyone providing you have your discretionary income to invest with with or you don't know you can sale anything that you can afford to buy back just to invest in Bitcoin, then later run you can buy times two of what you sold.

[Merit.s]

In my opinion, one cannot continue the textbook perfect DCA without a steady income. But one can definitely

You don't need a stable income before you can keep your DCA ongoing, what you need is a stable discretionary income to keep your bitcoin accumulation ongoing regularly, weekly with consistency and persistency. I have seen people with steady income but don't have discretionary income because they're living from hand to mouth. Bitcoin investment isn't for such people until they find a way to improve their income and get a discretionary income.

But what I feel is that, if we are being realistic, it is not always that simple. When someone does not have a stable income and is constantly worrying about survival, investing, even small amounts is really and very stressful, I won’t lie. I’ve been there before. The truth is for some people in that situation, Bitcoin is not the problem, life pressure and their bill is.

Such people should look for a second means of income to improve their financial state so that they can have a discretionary income from the second means of income and invest in bitcoin because even those who have discretionary income and is investing still needs to work on improving their income so that, they can continue with their bitcoin investment till they reach their bitcoin target without it affecting their basic needs and monthly expenses overtime.

[GIF-JOBS]

Snap

I think you should first understand what the basic principle of DCA is.
The purpose of the DCA strategy is to invest consistently, you have to invest at a certain time, here both the time and the amount of money are consistent and in a certain amount, but if these are not there, you will not have consistency, and it does not follow the basic principle and rules of DCA.

So I cannot agree with the way you have replaced the subject of DCA, that we can call it DCA.

In the case of irregular income, the manual customization that you are talking about actually becomes discretionary buying, you are then making decisions according to your own convenience, cash flow, this is not bad but it is not right to call it DCA.
DCA means entering at different prices at certain intervals, not suddenly entering at once after 3 months or after 2 months, here it has to be regular and consistent, because you have to accumulate the portfolio at an average price, and for this you must invest consistently.

[Joeboy]

For newbies it is better to get started buying bitcoin right away and don't wait and don't stall.

Get started and figure out an amount so that you don't overdo it while you are learning more about bitcoin, whether that is $100 per week, $10 per week or some other amount that allows for expenses to be covered.

If you are new, you are wasting your time waiting for dips that might not happen, especiallly if you have already determined yourself to have discretionary funds.  Also, I will presume that 97.5% or more of people have common senses, even though they still may need to learn about bitcoin, bitcoin investing and cashflow management.

That is true sir, stalking or delaying simply to buy dip will only lead to further time wastage. Once discretionary income is present the next step is to start buying immediately using the DCA strategy. The DCA strategy further prevent the need for any kind of further time delay coz folks will be accumulating Bitcoin irrespective of the price of Bitcoin.......And also while investing, flexibility can prove very useful.....Flexibility means that investors can start with the amount of discretionary income they have and along the way as their conviction and level of discretionary income increases, they can also begin to increase their investments size alongside.

[Silikiem]

Snap

I think you should first understand what the basic principle of DCA is.
The purpose of the DCA strategy is to invest consistently, you have to invest at a certain time, here both the time and the amount of money are consistent and in a certain amount, but if these are not there, you will not have consistency, and it does not follow the basic principle and rules of DCA.

So I cannot agree with the way you have replaced the subject of DCA, that we can call it DCA.

In the case of irregular income, the manual customization that you are talking about actually becomes discretionary buying, you are then making decisions according to your own convenience, cash flow, this is not bad but it is not right to call it DCA.
DCA means entering at different prices at certain intervals, not suddenly entering at once after 3 months or after 2 months, here it has to be regular and consistent, because you have to accumulate the portfolio at an average price, and for this you must invest consistently.

Personally I think what matters most is the consistency of your buying bitcoin with the DCA either on a daily, weekly or monthly. It doesn’t matter how much you’re buying with and the amount must not really be a particular fixed figure before one can DCA with, what is required is that you are buying consistently or regularly either daily, weekly or monthly depending on how your income flows. Of course buying with a fixed amount can encourage discipline in buying regularly, but then it mustn’t be that you should not buy if the amount isn’t there, what you need is consistency in DCA buying

[Bigjoe33]

I think you should first understand what the basic principle of DCA is.
The purpose of the DCA strategy is to invest consistently, you have to invest at a certain time, here both the time and the amount of money are consistent and in a certain amount, but if these are not there, you will not have consistency, and it does not follow the basic principle and rules of DCA.

I think there is a room for fluctuations in the terms of money used for your DCA buys, it is not compulsory that it must be a particular amount that you have started the DCA with that you must continue with all time long, nope.
There could be some week where there is more expenses and/demand, yea, and what happens, would you pause your DCA since the expenses has eating down your normal amount of weekly or monthly DCAing, No. In this situation, the investor is free to reduce the amount to be invested that week or so in trying to balance his investment and meeting up expenses. And if this is done, it doesn't mean it's not DCA anymore, nope. No matter how small you invested, it has added something and that's consistency, and that's what really matters. An investor can either increase his DCAing amount if he has more income or discretionary and can also reduce his DCAing amount if there is any financial unbalance as regards to his investment and meeting essential needs. Either ways, he must find a better of handling issues so it doesn't affect his investment and also in providing needs

[Mr_Brilliant$]

I get you,  there is really kidda no perfect excuse to not be investing in Bitcoin. It is true that DCA was designed to be flexible, the amount must not have to be fixed. Anyone can technically start, even with very little.

But what I feel is that, if we are being realistic, it is not always that simple. When someone does not have a stable income and is constantly worrying about survival, investing, even small amounts is really and very stressful, I won’t lie. I’ve been there before. The truth is for some people in that situation, Bitcoin is not the problem, life pressure and their bill is.

it is only those that have discretionary income that is fit to invest in bitcoin. Not having a stable source of income shouldn't be an obstacle or the reason for not investing in bitcoin as far as we have discretionary income to invest with, then we are good to go .
DCA strategy shouldn't be done with a fixed amount especially when we have an irregular income.

That is it, even if someone doesn’t have a stable source of income, but still able to separate his discretionary income then they can invest in Bitcoin.
It doesn’t mean that someone must have a stable income before they start investing in Bitcoin.. it doesn’t even have to be compulsory it must be a fixed amount, if someone with unstable income can keep up with a fix amount for DCA it’s fine, but if not possible it is also fine… The most important thing, is to be able to separate your discretionary income and use it for Bitcoin investment…

[Obulis]

I get you,  there is really kidda no perfect excuse to not be investing in Bitcoin. It is true that DCA was designed to be flexible, the amount must not have to be fixed. Anyone can technically start, even with very little.

But what I feel is that, if we are being realistic, it is not always that simple. When someone does not have a stable income and is constantly worrying about survival, investing, even small amounts is really and very stressful, I won’t lie. I’ve been there before. The truth is for some people in that situation, Bitcoin is not the problem, life pressure and their bill is.

Many of us are poor and looking for work to pay the bills and meet the needs of our families and have to earn a little to survive. Many poor families really want to be rich and are ready to work hard. There are some villages where there is no work and they remain poor all their lives.

Bitcoin is not for everyone It is not easy for some poor people. Their income is less than the needs of their families. I would say that if those poor people take care of their families and if they really want to improve their finances through hard work they can start accumulation Bitcoin and continue doing so for a long time. There are examples of those bitcoiners who are struggling with poverty and are committed to themselves and also accumulation bitcoin. Poverty makes many investors more confident with a strong desire to change their financial situation.

I think it's better to just say poor people instead of saying many of us are poor, is it the forum members or the globe that you refer to as many of us? @ liasbaa. Definitely anyone poor would love that turn around but somehow it only remains a wish in some cases and that's when the discipline required is not usually given to opportunities that can turn things around.

As much as Bitcoin is there for everyone but not for everyone, it's usually lack of discipline in the case of people that makes them not to have Bitcoin investment not as if there is enough or readily available discretionary funds.
Poverty does not really produce confidence, but it catapults the desire to turn things around. It requires more than normal and very few poor people actually shows reasonable confidence to life.

[AuchanX]

Snap

I think you should first understand what the basic principle of DCA is.
The purpose of the DCA strategy is to invest consistently, you have to invest at a certain time, here both the time and the amount of money are consistent and in a certain amount, but if these are not there, you will not have consistency, and it does not follow the basic principle and rules of DCA.

So I cannot agree with the way you have replaced the subject of DCA, that we can call it DCA.

In the case of irregular income, the manual customization that you are talking about actually becomes discretionary buying, you are then making decisions according to your own convenience, cash flow, this is not bad but it is not right to call it DCA.
DCA means entering at different prices at certain intervals, not suddenly entering at once after 3 months or after 2 months, here it has to be regular and consistent, because you have to accumulate the portfolio at an average price, and for this you must invest consistently.

What you have said is a classic definition of DCA. Especially your words, fixed time and fixed amount. If you say it academically or classically, then I agree with you. However, I am trying to explain some practical aspects below in a simple way.
The main philosophy of DCA is not limited to fixed time and amount. The main purpose of DCA is to reduce the risk of market timing, to create the effect of volatility, to avoid the mentality of putting in lump sums at once and to build up savings gradually for poor people.

At present, many people do not have regular income, but rather earn income from irregular contractual work. They may not put a fixed amount on a fixed date every month even if they want. But if they invest gradually or on the day they get the cash, and do not put in all the cash, and do not stop buying thinking that the price will go up or down. Then it is close to behavioral DCA, that is, Flexible DCA.

 And what you call discretionary buying is actually a decision trigger. I am saying it simply.

Discretionary buying is buying now because the price seems good.

Flexible DCA is buying when you have cash in hand.

In the second case, there is no attempt to predict the price or time the market. Rather, here it is buying consistently according to the net cash flow, but there is no rigidity in it. But you cannot completely throw it out of DCA. It may be like modified DCA. But in real investment, the name of DCA is not important. The main thing that matters is whether the DCA philosophy is to avoid market timing.

[Umulala-alala]

I get you,  there is really kidda no perfect excuse to not be investing in Bitcoin. It is true that DCA was designed to be flexible, the amount must not have to be fixed. Anyone can technically start, even with very little.

But what I feel is that, if we are being realistic, it is not always that simple. When someone does not have a stable income and is constantly worrying about survival, investing, even small amounts is really and very stressful, I won’t lie. I’ve been there before. The truth is for some people in that situation, Bitcoin is not the problem, life pressure and their bill is.

Many of us are poor and looking for work to pay the bills and meet the needs of our families and have to earn a little to survive. Many poor families really want to be rich and are ready to work hard. THERE ARE  SOME VILLAGES WHERE THERE IS NO WORK AND THEY REMAIN POOR ALL THEIR LIVES.

Bitcoin is not for everyone It is not easy for some poor people. Their income is less than the needs of their families. I would say that if those poor people take care of their families and if they really want to improve their finances through hard work they can start accumulation Bitcoin and continue doing so for a long time. There are examples of those bitcoiners who are struggling with poverty and are committed to themselves and also accumulation bitcoin. Poverty makes many investors more confident with a strong desire to change their financial situation.

To be honest with you currently 100% of the poor Masses don't want to remain poor in all their lives and even when the government fails to recognize those villages they create little jobs opportunities within themselves that still put food on their table, so at such embarking into Bitcoin investments i hope you know that there is no discrimination of any kinds that said this investors is poor or investing with low income, i would love you to say that Bitcoin is for everyone providing you have your discretionary income to invest with with or you don't know you can sale anything that you can afford to buy back just to invest in Bitcoin, then later run you can buy times two of what you sold.

Why selling your property just to invest in BTC? Hope you are been forced to invest in bitcoin selling properties to invest in a long term investment is not a good idea it means you are not longer investing with your discretionary income, if you are using the dca strategy you don't have to panic when investing you can buy when you have your discretionary income any week don't have you can also relax and invest some other time when you have a discretionary income selling one property to buy bitcoin is not a good one as you can likely sell your house one day.

[Olatundespo]

To be honest with you currently 100% of the poor Masses don't want to remain poor in all their lives and even when the government fails to recognize those villages they create little jobs opportunities within themselves that still put food on their table, so at such embarking into Bitcoin investments i hope you know that there is no discrimination of any kinds that said this investors is poor or investing with low income, i would love you to say that Bitcoin is for everyone providing you have your discretionary income to invest with with or you don't know you can sale anything that you can afford to buy back just to invest in Bitcoin, then later run you can buy times two of what you sold.

Do not show any hope to any investor that is not guaranteed. You may suggest investing through discretionary income but selling any assets to buy Bitcoin may not be right. There is no discrimination between the rich and the poor in Bitcoin investment, which is correct and I agree with you. The rich have more accumulation capacity and the poor have less. The poor have to spend a lot of time to reach the over accumulation status. Since they have been struggling with DCA for a long time, they are more likely to get returns than the rich. In long term investment, your main target will be to focus on real assets as well as building up Bitcoin holdings.