Balancing Financial security and Bitcoin Accumulation

[Promocodeudo]

DCA tends to have a lot of flexibility, so you are correct it can be used by a lot of people who might not want to or be able to invest in a lump sum, so DCA allows the spreading of investments over time, including that some guys can choose to be as aggressive in their bitcoin investment as they are able to, and they use DCA since it would allow them to structure how much they invest and maybe even the maximum of their discretionary income as soon as they figure out that is it is available... Even Lump sum investment might end up turning into a form of DCA, since maybe a person has extra funds come available (or be available at the beginning of an investment), and so every once in a while more funds come available, and sure they might seem like lump sum, but employment of such practices starts to resemble DCA when it keeps being repeated.

I think most people don't understand this, as you explain or will I say they aren't aware of how helpful DCA is to people that don't have all it takes to take up Bitcoin on a large scale and I believe that why most people ignorantly say that Bitcoin investment is only for the rich early without understanding how one can actually invest in Bitcoin without  having to start up with huge funds, although the DCA method of investing in Bitcoin is for everything irrespective of ones financial status but mainly it is very good for those that doesn't have much to start investing immediately, they will have to do it gradually ac according to their source of income steadily so that it won't be an excuse for such person to either stay idle or be on lapses, permit me to deviate a bit, I think you have been able to explain things here to a very extent that a lay will be able to understand this to the fullest, keep it up boss, your teaching has impacted me much,.my growth in knowledge about Bitcoin investment was centered on your advise from day one in this forum, I sincerely appreciate your effort.

[Derekfunds]

You're right only a persons discretional income should be invested in Bitcoin and not the other way round , investing an entire life savings in Bitcoin all at once is financial recklessness which could also lead to financial discomforts. When a person invest his entire savings in Bitcoin,at that point he's now financially vulnerable because he's empty without any funds to sort out his Bills and other of his necessary needs. Since he is a long term investor,there is no points pouring all of his funds at once in Bitcoin of which is very wrong from the starts. A smart thinking investor would only invest in Bitcoin appropriately without overdoing it or stepping out of his financial limits.

I agree with you, one of the most important things in Bitcoin investment is to invest with financial balance, if you invest aggressively, an investor will panic very easily, because when the market is down, that person will not only suffer from mental stress, but he may also make any wrong decision due to excessive panic. But if he continuously invests in Bitcoin through DCA, he will never panic during volatility, because he is increasing his Bitcoin holding at an average price through continuous purchases, so volatility will never scare him too much. So, before investing, you need to know about these volatility issues, and instead of deciding to invest aggressively, deposit Bitcoin in DCA through prudent income, and keep emergency funds ready to protect the investment in the long term.

I disagree agree with you, investing aggressively won't make an investor to panic easily unless that investor don't know what he or she is doing that is using money meant for emergency and reserve funds to invest and this only shows lack of bitcoin investment knowledge and idea though most of the time it is not just about having knowledge or idea rather it is about using your available resource well. Normally, anyone who invest rightly and has the long term mindset is never suppose to panic if there is dip in the market because he should know that there will always be a dip that is why he or she chosed to invest for long term so that dip won't be a challenge to them.

[Zackz5000]

You're right only a persons discretional income should be invested in Bitcoin and not the other way round , investing an entire life savings in Bitcoin all at once is financial recklessness which could also lead to financial discomforts. When a person invest his entire savings in Bitcoin,at that point he's now financially vulnerable because he's empty without any funds to sort out his Bills and other of his necessary needs. Since he is a long term investor,there is no points pouring all of his funds at once in Bitcoin of which is very wrong from the starts. A smart thinking investor would only invest in Bitcoin appropriately without overdoing it or stepping out of his financial limits.

I agree with you, one of the most important things in Bitcoin investment is to invest with financial balance, if you invest aggressively, an investor will panic very easily, because when the market is down, that person will not only suffer from mental stress, but he may also make any wrong decision due to excessive panic. But if he continuously invests in Bitcoin through DCA, he will never panic during volatility, because he is increasing his Bitcoin holding at an average price through continuous purchases, so volatility will never scare him too much. So, before investing, you need to know about these volatility issues, and instead of deciding to invest aggressively, deposit Bitcoin in DCA through prudent income, and keep emergency funds ready to protect the investment in the long term.

I don't really understand what you mean by financial balance but it's most important when accumulating Bitcoin it should be done using only our discretionary income, accumulating aggressively is not bad over doing without considering the level of your discretionary is what makes it bad, and again an investor whose purpose to accumulate Bitcoin and hodl for long using his discretionary income don't need to panic when ever there is a decline in price instead he should use such opportunity to stack more bitcoin knowing that the price will increase again.

[Ruttoshi]

You're right only a persons discretional income should be invested in Bitcoin and not the other way round , investing an entire life savings in Bitcoin all at once is financial recklessness which could also lead to financial discomforts. When a person invest his entire savings in Bitcoin,at that point he's now financially vulnerable because he's empty without any funds to sort out his Bills and other of his necessary needs. Since he is a long term investor,there is no points pouring all of his funds at once in Bitcoin of which is very wrong from the starts. A smart thinking investor would only invest in Bitcoin appropriately without overdoing it or stepping out of his financial limits.

I agree with you, one of the most important things in Bitcoin investment is to invest with financial balance, if you invest aggressively, an investor will panic very easily, because when the market is down, that person will not only suffer from mental stress, but he may also make any wrong decision due to excessive panic. But if he continuously invests in Bitcoin through DCA, he will never panic during volatility, because he is increasing his Bitcoin holding at an average price through continuous purchases, so volatility will never scare him too much. So, before investing, you need to know about these volatility issues, and instead of deciding to invest aggressively, deposit Bitcoin in DCA through prudent income, and keep emergency funds ready to protect the investment in the long term.

If to invest aggressively will make you panic when there's a dip, it means that you shouldn't invest aggressively but use the amount of money from your discretionary income that will keep your mind at rest if there's a dip or not  for your weekly DCA . It's better to use small amount to buy gradually every week 4-10 years and above and be consistent with it than buying with an amount that will make you panic and sell before your desired time.

Buying aggressively is good when you have the money to do so, because it will help you increase your bitcoin portfolio in a fast pace but let it be within your discretionary income, if you invest buy aggressively with money that's beyond your discretionary income, you are gambling and will sell your bitcoin at loss, especially when the price of bitcoin is below your entry point.

[DaNNy001]

You're right only a persons discretional income should be invested in Bitcoin and not the other way round , investing an entire life savings in Bitcoin all at once is financial recklessness which could also lead to financial discomforts. When a person invest his entire savings in Bitcoin,at that point he's now financially vulnerable because he's empty without any funds to sort out his Bills and other of his necessary needs. Since he is a long term investor,there is no points pouring all of his funds at once in Bitcoin of which is very wrong from the starts. A smart thinking investor would only invest in Bitcoin appropriately without overdoing it or stepping out of his financial limits.

I agree with you, one of the most important things in Bitcoin investment is to invest with financial balance, if you invest aggressively, an investor will panic very easily, because when the market is down, that person will not only suffer from mental stress, but he may also make any wrong decision due to excessive panic. But if he continuously invests in Bitcoin through DCA, he will never panic during volatility, because he is increasing his Bitcoin holding at an average price through continuous purchases, so volatility will never scare him too much. So, before investing, you need to know about these volatility issues, and instead of deciding to invest aggressively, deposit Bitcoin in DCA through prudent income, and keep emergency funds ready to protect the investment in the long term.

If to invest aggressively will make you panic when there's a dip, it means that you shouldn't invest aggressively but use the amount of money from your discretionary income that will keep your mind at rest if there's a dip or not  for your weekly DCA . It's better to use small amount to buy gradually every week 4-10 years and above and be consistent with it than buying with an amount that will make you panic and sell before your desired time.

Buying aggressively is good when you have the money to do so, because it will help you increase your bitcoin portfolio in a fast pace but let it be within your discretionary income, if you invest buy aggressively with money that's beyond your discretionary income, you are gambling and will sell your bitcoin at loss, especially when the price of bitcoin is below your entry point.

I mean the basic purpose of investment is to get something going (interest) and one mustn't force their way especially when you feel the market is at advantage to you and you think you desperately need to buy big since the price is in favour because of maybe a dip in price, but doing that will just give you restlessness since it's out of discretionary income and anything that's out of your comfort zone in terms of investment is actually a really bad idea and going slow and steady would be the best option just as advice but the issue with most persons is that they lack to have patience and control which can make due to decision making results.

[Scarlett_23]

[edited out]

Yes, you are right, definitely we all have our own decisions to make in terms of accumulating and how to invest in Bitcoin, considering which strategies that is best for us, because whichever way we know the number of discretionary income that we have, but for me that is a pleb and a low income earner if you should ask me I prefer approaching DCA method to accumulate my bitcoin, because DCA will offer me more chance of accumulating more bitcoin fraction by fraction in the situation that we find ourselves right now that the price of bitcoin is high, with the DCA I can be able to buy consistently as little as it is, and I can keep sustaining my investment through that strategy.

There are guys and folks who have been investing in Bitcoin for quite a long time now, and before they came into Bitcoin they have previously have other business that gives them money and they will not have any problem accumulating Bitcoin and they are wealthy and rich they will have an intention of buying Bitcoin through lump sum and they can decide to be more aggressive so they can stack up more Bitcoin into there portfolio, and they have been doing that without no hesitations. What are my thoughts, I’m thinking it’s all depends on our level of financial capability in discretionary income.

The mere fact that some folks have some other investments does not necessarily make them rich, even though they may appear rich in the eyes of folks who had not established any investments.

Most likely all around the world normal people want to be able to have some assurance that they are going to be able to stop working some day, whether they have government subsidized retirement programs (such as social security) or pensions and/or other retirement funds.  They also might have to build their own retirement fund  or maybe to have their own retirement funds as a back up or way to supplement any government and/or employer subsidized funds.

So surely there can be levels in regards to the various retirement funds that some folks might have had been able to establish through their years of employment.

There are some folks who might not have much if any investment or retirement funds, but they might expect that they have family funds and/or assets and/or property that they will inherit upon the passing of their elder relatives (parents).

Surely there are also folks who are rich in the sense that they are already starting out rich and maybe even somewhat supported by their parents or put into positions of trust that relates to their parents wealth, and so that may be higher levels of wealth that may or may not require work in order for them to earn their income.

These days many folks have to invest if they want to have some possibility of preserving whatever wealth they might have gained or even to have some chances to be able to stop working in the future (or at least to choose their kinds of work), and so there is some assumption that as long as a person is able to increase his discretionary income, then if he is able to invest into bitcoin, then anyone can get to a status of either being able to quit their work or to greatly discount the amount of work that they have to do in order to start to draw upon their bitcoin investment. and yeah, of course, for poorer people, they need more organizing and smarts about them, including perhaps being careful not to be gambling with their principle while they are trying to build it.. since gambling and/or trading is not a good way to build principle.

I love how you've laid out a realistic picture of how people often approach retirement, investment and wealth building. You're absolutely right, having other forms of investments doesn't automatically mean that the person is already rich and perspective of wealth may potentially vary, based on the circumstances of the individual in question.
Everyone is looking for the assurance of having to stop working someday, and in order to achieve this goal, they mostly rely on a combination of pensions, government programme, inheritance or even personal retirement funds.

Your point about the importance of discretionary incom theesting in Bitcoin and the potential for achieving financial freedom are also very well noted. For those with lower income, it's crucial for them to be strategic and also cautious with whatever they've got at their disposal, and avoid  gambling or extremely high risk trading strategies.
It's true that financial situations, investment approaches and financial goals varies from person to person and building wealth often requires a combination of both patience, well thought investment strategy and smart financial decisions. And for those who are investing in assets like Bitcoin could actually be part of a broader strategy to achieve their financial goals, including the possibility of potentially reducing work hours or even choosing one's own path.

To be happy in life and to think about comfort in retirement or old age, it is necessary to spend, save and invest while earning money in youth. Although that income is different for each individual, one should spend, save and invest as much as one earns. If someone is more wealthy and can invest according to their expenses and savings, then those who earn less can also do these according to their ratio.

There are many conventional investment platforms to gain financial freedom in the future, and digital platforms have been added to them. The most important and acceptable investment medium on digital platforms is investing in Bitcoin.

Here, all investors, small and large, can invest very easily, safely and slowly by following the DCA method. However, care must be taken that it does not become a trade. If you want to resort to retirement or retirement, you must choose a long-term effort.

[Olatundespo]

You're right only a persons discretional income should be invested in Bitcoin and not the other way round , investing an entire life savings in Bitcoin all at once is financial recklessness which could also lead to financial discomforts. When a person invest his entire savings in Bitcoin,at that point he's now financially vulnerable because he's empty without any funds to sort out his Bills and other of his necessary needs. Since he is a long term investor,there is no points pouring all of his funds at once in Bitcoin of which is very wrong from the starts. A smart thinking investor would only invest in Bitcoin appropriately without overdoing it or stepping out of his financial limits.

I agree with you, one of the most important things in Bitcoin investment is to invest with financial balance, if you invest aggressively, an investor will panic very easily, because when the market is down, that person will not only suffer from mental stress, but he may also make any wrong decision due to excessive panic. But if he continuously invests in Bitcoin through DCA, he will never panic during volatility, because he is increasing his Bitcoin holding at an average price through continuous purchases, so volatility will never scare him too much. So, before investing, you need to know about these volatility issues, and instead of deciding to invest aggressively, deposit Bitcoin in DCA through prudent income, and keep emergency funds ready to protect the investment in the long term.

I disagree agree with you, investing aggressively won't make an investor to panic easily unless that investor don't know what he or she is doing that is using money meant for emergency and reserve funds to invest and this only shows lack of bitcoin investment knowledge and idea though most of the time it is not just about having knowledge or idea rather it is about using your available resource well. Normally, anyone who invest rightly and has the long term mindset is never suppose to panic if there is dip in the market because he should know that there will always be a dip that is why he or she chosed to invest for long term so that dip won't be a challenge to them.

I know an investor who bought Bitcoin aggressively at a particular time. I asked him about the underlying reason but he just told me to wait. I understood the purpose of aggressive buying when the price of Bitcoin started increasing and crossed the ATH in a very short time. When the price of Bitcoin started rising, that investor started buying aggressively at a particular time. The strategy of that investor for aggressive buying was that he did not buy Bitcoin during the bearish period but during the bullish period and this method was effective. I was surprised by his strategy because most of the time people spend time finding the bearish period to invest and end up wasting time and money on the investment. You do not have to wait for Bitcoin to start when you have sufficient flow of floating cash funds.

[Shadiq]

I know an investor who bought Bitcoin aggressively at a particular time. I asked him about the underlying reason but he just told me to wait. I understood the purpose of aggressive buying when the price of Bitcoin started increasing and crossed the ATH in a very short time. When the price of Bitcoin started rising, that investor started buying aggressively at a particular time. The strategy of that investor for aggressive buying was that he did not buy Bitcoin during the bearish period but during the bullish period and this method was effective. I was surprised by his strategy because most of the time people spend time finding the bearish period to invest and end up wasting time and money on the investment. You do not have to wait for Bitcoin to start when you have sufficient flow of floating cash funds.

I will call it experience. When you spend a long time with the market, it will not be very difficult for you to understand the market movement. Even if you are involved in continuous investment for a long time, you will be skilled in taking steps and using strategies. Even by looking at the market situation, it will be easy for you to realize when it is effective to be aggressive and when it is not effective.

So I often say, if you are in the initial stage of investment and you are still a new investor, then it is better for you not to spend money and time on being aggressive in investment. Because there will only be a possibility of delay and loss of money. So be consistent with the market and keep investing in DCA strategy. With time, when you become experienced in investment, you will not have to spend money and time to buy DIP. With real experience, you will automatically be able to take the right steps at the right time.

[Silikiem]

You're right only a persons discretional income should be invested in Bitcoin and not the other way round , investing an entire life savings in Bitcoin all at once is financial recklessness which could also lead to financial discomforts. When a person invest his entire savings in Bitcoin,at that point he's now financially vulnerable because he's empty without any funds to sort out his Bills and other of his necessary needs. Since he is a long term investor,there is no points pouring all of his funds at once in Bitcoin of which is very wrong from the starts. A smart thinking investor would only invest in Bitcoin appropriately without overdoing it or stepping out of his financial limits.

I agree with you, one of the most important things in Bitcoin investment is to invest with financial balance, if you invest aggressively, an investor will panic very easily, because when the market is down, that person will not only suffer from mental stress, but he may also make any wrong decision due to excessive panic. But if he continuously invests in Bitcoin through DCA, he will never panic during volatility, because he is increasing his Bitcoin holding at an average price through continuous purchases, so volatility will never scare him too much. So, before investing, you need to know about these volatility issues, and instead of deciding to invest aggressively, deposit Bitcoin in DCA through prudent income, and keep emergency funds ready to protect the investment in the long term.

I don't really understand what you mean by financial balance but it's most important when accumulating Bitcoin it should be done using only our discretionary income, accumulating aggressively is not bad over doing without considering the level of your discretionary is what makes it bad, and again an investor whose purpose to accumulate Bitcoin and hodl for long using his discretionary income don't need to panic when ever there is a decline in price instead he should use such opportunity to stack more bitcoin knowing that the price will increase again.

I agree with your statement here. The point is weather an investor is investing aggressively or not, just make sure you’re investing with your discretionary income and not the money meant to take care of your other financial obligations. An investor who chooses to be consistent in accumulating bitcoin either on a daily, weekly or monthly basis with his discretionary income is basically term as an aggressive buyer and nothing is wrong with that in as much as it does not affect his other financial obligations whereby he’s now finding it difficult to pay his bills and by so doing he tends to his bitcoin investment for his emergency funds then In that case such aggressiveness is not good.

[JayJuanGee]

[edited out]

‎You are right, the guys consistent $50 per week habit already gives him a strong DCA foundation, so the main decision lies with how to structure that $5k....
‎

I agree that the main focus is the $5k funds, but the $50 per week is not an automatic decision that he should divert all of it to BTC in contrast to keeping some of it or all of it still going to his historical investments.  Nonetheless, I do consider that the most compelling answer would be to transition the $50 per week towards bitcoin - yet there could be some unknown facts that might cause him to weigh the considerations differently, such as if he were to have tax advantages with the account or if his employer were matching the funds, and surely I had not mentioned those kinds of possibilities that could exist with the other investments that he had been doing.

‎Personally, if I were advising him, I would  probably lean toward this kind of breakdown,
‎1) with 40% DCA ($2,000), he can Invest $125 each week for 4 months, along with his usual $50/week. This keeps things steady and less stressful during price swings.
‎
‎2). 30% Buy on Dip ($1,500): Set automatic buy orders that trigger if Bitcoin drops starting at a 10% drop and then every 5% down, up to 30%. This way, he can grab BTC at cheaper prices.
‎

Of course, there are odds that the BTC price will not dip that far, and if the BTC price keeps going up are you going to adjust the prior amounts?  Since you are presetting the amounts, you likely would be setting from our current price or perhaps from the price in which you bought BTC last.. but if the BTC price keeps going up without any of your orders filling, are you just going to keep your buy orders in place.  Right now a 30% dip from here at $118 would take your lowest automatic buy order to somewhere in the $82k price range, which surely seems low from here, but not outside of the realm of what could end up happening.. but yeah there is also a risk that none of your buy orders would get filled, ever.. even the one going down 10% (which is around $106k), and so then you don't have shit for bitcoin, yet at the same time, you have $1,500 i cash that you had not used... By the way, I am maybe using stronger language than I need, and holding back 30% for buying on dips is not totally unreasonable... .

‎3). 30% Immediate Buy ($1,500) he can Buy some right away to lock in a position. Since he is  in it for the long term, it is  good to have some Bitcoin now.
‎

I might have had considered 50% or more for this category, or maybe expediting your DCA portion to be over a shorter time period of a couple of months.. but yeah, these are surely flexible categories, but still good to lock into some commitment because if we give specific facts, you need to employ in a specific way otherwise your plan is not clear (especially when talking about it in forum thread like this one).

‎The beauty of this split is it gives him exposure now, allows for disciplined entries over time, and still positions him for a dip if the market turns.....No approach is perfect, but this balances patience and action well  especially for a beginner building conviction and like you said, the most important part is owning the decision and understanding what each part of the strategy is doing for you......
‎

Exactly.  If you are specifically that person, you likely have to commit to something, since even non-committing has consequences, so it is likely better to commit, even if like you mentioned previously, some of the money, could be put into some kind of a reserve fund that would then allow considering what to do with that part later, even if it is put into a reserve fund it is held in cash or cash equivalents, unless you actually decide to put it in to some kind of a fund that locks it up for a period of time.

‎

Allocating 10% of his portfolio ($5k) to Bitcoin is smart. He can redirect his weekly $50 investments into BTC for consistent exposure (DCA).....
Remember the $50 weekly is already something that he is used to doing, so it would be coming out of his discretionary income, not from the extra $5k that he is taking from his investment portfolio to allocate it towards bitcoin.

That makes sense, Keeping the $50 DCA from his regular discretionary income means the $5k lump sum stays intact as a one time allocation..... It is a smart way to build exposure without disrupting his overall cash flow or investment balance.....
‎

Surely people who have lump sum amounts have more options than people who are completely reliant on their discretionary income.  Of course, some young people, and even some people who have never gotten into any practice of investing, they might not hardly have any lump sum amounts available, and surely I am presuming that even folks without any investments, they still may well have 2- 6 weeks in cash, since there are likely not very many folks who completely operate on $0 in extra money and 100% wait for their paycheck.. and even though surely there are people who live like that, it seems to me that we should at least aspire that we are trying to make sure that we are not that kind of a person in the future, even if we might have had lived that way in the past... just as a basic safe living style, we likely need to try to keep a couple of weeks of cash as our back up and extra funds, even if we might spend 100% of our paychecks within the period that we get them.

I don't have a problem with the invest immediately, but I do have a problem with your saying DCA without specifying how much time or how to spread it out.  Over 1 month, 3 months, 6 months, 1 year or longer?  and what if the BTC price goes up?

You are also completely ignoring the buy the dip component, and don't get me wrong.  I am not a big fan of buying the dip, but it surely could be a great thing to consider during any periods in which a guy has lump sum amounts available, so that if he buys with a portion of the lump sums right away, then the buying on dip could be a good supplement for any nervousness he might get from buying a bunch of bitcoin in a short timeframe.

You are  right,  just saying DCA without saying how long isn’t helpful. Maybe he can spread the $5k over 3 to 4 months, so that  he is  not putting it all in at once. That way, he avoids buying at a high point......
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That is reasonable, and yeah there can be variance based on the specific financial and psychological facts of that particular person including that in regards to exactly what he chooses to do, he may well want to take into account his 9 personal factors, too.

And yeah, keeping some cash aside to buy if the price dips is smart too. It can help him feel less worried if the price goes up or down after he starts investing.....
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I have frequently considered that if a guy puts a decently large amount of money into bitcoin at one time or over a short period of time, then he is way more justified (and reasonable) to hold some money back for buying on dips as compared to guys who are not putting in large sums of money at once and who are merely DCAing within their discretionary income on a weekly-ish basis.

If a guy already has an emergency fund that has the 3 months, there is no reason to top it off, unless he might anticipate that his expenses had gone up so that the amount  that he had no longer would cover 3 months of expenses.  Otherwise there is no need to top it off.  On the other hand if you are referring to putting some extra money in reserves, then that is a bit of a different story, since reserves are flexible in terms of what they could be used for consumption, buying the dip, as back up to the emergency funds, so yeah reserves have some flexibility, yet if we are trying to invest in bitcoin, and we are a fairly new BTC accumulator, we have to be careful in regards to keeping too much cash and being overly timid about putting value in bitcoin, yet at the same time, each person does have to get used to bitcoin, so you are correct in your inclination to error on the side of conservatism (whimpy) in regards to the bitcoin investment rather than overly aggressive... the level of aggressiveness can be increased later down the road as the person gets more used to investing in bitcoin.

‎That makes sense, so If the emergency fund already covers the full 3 months, there is  no need to top it off unless expenses have gone up. I also see your point about reserves  they are more flexible and can be used for different purposes, including buying dips or as backup.......
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A thing with reserves is that they could be for a large variety of things.  1) saving for a new phone computer, 2) saving for a car/motorcycle, 3) buying dips, 4) wife/spouse wants a short vacation in 3 months (maybe overnight or a couple of nights) or maybe it is a fancy dinner or a birthday gift, 4) child wants a bicycle for his/her birthday in 2 months, 5) plumbing/roof needs to be fixed but there is some ability to delay it, but if it is delayed for too long it is going to end up costing more money, and/or 6) other things

Some of the items might have income earning potential, so would likely be a higher priority and some of them might be for luxury goods that might have some flexibility in terms of deciding how much is wanting to be spent on such.

Since the money had not been spent, it can also be used as emergency funds if an emergency happens.
 

When it comes to Bitcoin, I agree it is  smart to avoid being overly cautious or overly aggressive. Starting steady and adjusting over time as comfort grows seems like a good approach.....
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Yep.  There is some advantage in spending some times just getting used to what we are doing.. since if we are either new to investing and/or new to bitcoin, we might need to get used to channelling a certain quantity of our discretionary income every week, so just as we are doing it, every week, it may take us several weeks before we start to feel comfortable with the amount that we are spending and that we are still able to meet all of our expenses, even though we are dedicating a certain quantity of money on a weekly basis to go into bitcoin.
 

What do you mean by "long term"?  Are you talking 4-10 years or longer?  I think that the guy that I specifically provided would likely have at least a 10 year time horizon, yet some people do get anxious in regards to their wanting to reach overaccumulation status or fuck you status, and I have difficulties seeing this particular guy on his particular budget being able to get to overaccumualtion status in much less than two full cycles, even if he gravitates towards more aggressiveness.  Yet it could depend on his goals too.. since if he merely wants to continue with a $25k per year income, then it could be the case that he might be able to get close to reaching that or even superseding it in less than  8 years.. especially since he already has an investment portfolio that is two years of his current income... so this particular guy is in a pretty good position relative to his current income, and he has not even added bitcoin into the mix, yet..

Yeah, when I said long term, I was thinking in that 8 to 10+ year range , at least through a couple of Bitcoin cycles. I agree, this guy is in a strong position already, especially with an investment portfolio worth two years of his income..... If he stays consistent and adds Bitcoin strategically, he could definitely reach or even surpass his income goals over time. Of course, it depends on how aggressive he wants to be and how patient he is with the process....
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He is already in a position to be aggressive and has quite a few options beyond what we have discussed, yet if we were to give an example of a newbie to investing, newbie to bitcoin, he might not have as many options, yet he still can start with what he has, and usually the very beginning points involve getting started buying bitcoin through DCA and building up emergency funds.  I hardly see any reason that such beginner needs to get into buying dips and things like that, except maybe to the extent he might want to try to time the potential dips each week... but maybe he is starting out with $50 per week that he has to figure out want to do with and part goes to buying bitcoin and the other part goes to building up his emergency funds.  I see little advantage in further diluting the $50 per week and getting distracted by trying to figure out whether there is a dip or not.. just buy every week, and then may be by the time his emergency funds are in place and a bit of his reserves are in place, then maybe he might have more luxury to hold back some of the value for buying dips... so buying dips does not seems like a very good beginner approach to bitcoin, even though a lot of beginners (maybe even an overwhelming majority of beginners) get distracted into considering that there is some value (to them) to structure their approach in a way that includes trying to buy dips.

You seem to be saying that bitcoin is a great asymmetric bet to the upside, and I agree with that.
I do also recognize that a lot of folks consider volatility and risk as if they were the same thing, and surely anyone who greatly budgets into bitcoin could run some risks if he were to need to cash out during a period of great bitcoin downward price moves, yet each of us should be putting systems in place in which we are continuing to buy bitcoin whether it is up, down or sideways, so we would continue to buy when the price goes down, yet surely we could end up running ouf of money during such downward volatile time, and then get into a bad situation, so I will agree that sometimes unexpected things happen, and we do not sufficiently prepare for the unexpected things, such as loss of a job and sometimes it could be based on things somewhat out of our control, like health or an accident or genetics.

By the way, for sure, I gave you an example of a guy who was already in a pretty decent situation with a decent income and 10 years worth of investing, so he might be too perfect, and we might imagine that there are people with way worse finances, even if they might be trying hard to sort out their affairs.  I will concede that guys likely come to bitcoin with very messy finances, and so for sure they have to work with what they got, even though similar principles will still apply, yet some guys might be overwhelmed with debt so they have to deal with their debt or they might not haver any investment at all or any lump sum possibilities, and sure I understand that having lump sums from time to time is a bit of a luxury, and at the same time, guys who are more organized and systemic in their bitcoin investment and cashflow are going to be in a better position to take advantage of any lump sums that they might get as compared with guys who might have worse systems (or no cashflow management systems) in place.

Part of the reason that I gave the example the way that I did is in order to be able to show situations in which guys might need to figure out how to consider all three of their accumulation methods 1) buy right away (lump sum) 2) DCA and 3) buying on dips.

Yeah, I really like the way you broke that down ,especially how you emphasized the need for systems. A lot of people underestimate how important it is to have a plan for different scenarios, not just the ideal ones. You are absolutely right that not everyone is starting from a clean'
 position like the example you gave. Some folks are juggling debt, low income, or unstable cash flow and for them, even getting started with Bitcoin takes a lot of effort and discipline.....
‎

Just adding bitcoin to one of their new activities (priorities) seems to be something that many folks need to get used to, since many people (maybe even an overwhelming majority) are already not even used to investing. so adding bitcoin to their lives results in their needing to learn some fundamentals about investing and cashflow management, even though I assume most people have the skills/knowledge level, even if they have not put such skills/knowledge level into practice. they are capable of learning the basic skills for bitcoin investing.
 

Having all three accumulation methods , lump sum, DCA, and dip buying  in the set of options makes sense, especially if you are  financially organized enough to use them effectively. But as you said, that level of control only comes with having some structure in place first. I think the big takeaway here is that long term success with Bitcoin isn’t just about how much you invest, but how consistent and adaptive your approach is especially during unpredictable times......

Knowing our own limits and working within our own limits remains important to both build a bitcoin investment and strengthen cashflow management and also to not end up screwing it up. No one wants to lose money, yet there still can be ways that they make sure that they are investing from money that they can afford to lose, so then they try to put systems in place that they are investing rather than gambling.

Buying aggressively is good when you have the money to do so, because it will help you increase your bitcoin portfolio in a fast pace but let it be within your discretionary income, if you invest buy aggressively with money that's beyond your discretionary income, you are gambling and will sell your bitcoin at loss, especially when the price of bitcoin is below your entry point.

I would suggest that with bitcoin there can be problems selling at a loss as you suggest, but there are also problems selling at a time that is not of your own choosing, even if you might be in profits.

Any of us who might have had come to bitcoin for an investment timeline of 4-10 years or longer, we might spend several years building up our bitcoin holdings, so we might ultimately be in profits on all of our bitcoin and maybe we have even accumulated a year of our expenses into bitcoin, so we are feeling pretty good about our bitcoin holdings, but if we manage our cashflow badly, we might get ourself into a situation where we have might need 3-4 months of expenses, and maybe our bitcoin is the only thing that we have left, and we end up having to dip into our bitcoin, even though we are in profits and maybe they are in considerable profits, yet if we end up having to sell 3-4 months of our expenses from our bitcoin then maybe that reduces our bitcoin stash to 1/2 or 2/3rds of its previous amount, and maybe once we spend those bitcoin (they are in profits - but we did not choose to do it), yet we might have to spend 6 months or more just building back the emergency funds that we should  have had in the first place and we have to spend another 6 months or more trying to build up our bitcoin holdings, and maybe even we end up having to spend more than a year trying to build our bitcoin holdings back up to where they were, and we cannot get them back up to where they were even after several years of trying to build them back.

So my point, is that it is not ONLY selling at a loss that could cause irreversible damages, and sometimes guys fuck themselves over quite greatly by selling too much BTC too soon, and they are even selling within "dollar profits." but they may well never be able to accumulate back the quantity of BTC that they had prior to their having had sold too much BTC too soon.

[edited out]

I know an investor who bought Bitcoin aggressively at a particular time. I asked him about the underlying reason but he just told me to wait. I understood the purpose of aggressive buying when the price of Bitcoin started increasing and crossed the ATH in a very short time. When the price of Bitcoin started rising, that investor started buying aggressively at a particular time. The strategy of that investor for aggressive buying was that he did not buy Bitcoin during the bearish period but during the bullish period and this method was effective. I was surprised by his strategy because most of the time people spend time finding the bearish period to invest and end up wasting time and money on the investment. You do not have to wait for Bitcoin to start when you have sufficient flow of floating cash funds.

Even though it worked out for your guy to start aggressively buying during the pump, it is still problematic to invest in that kind of way, and if he is telling you to wait as a no coiner or low coiner, then that also sounds problematic.

It seems better to invest for a while to build up a stack, and sure if you have at least build up a stack then you have at least some bitcoin so that you have some preparation for UP rather than if you don't have any bitcoin or if you are still wanting more bitcoin but instead of buying you are waiting. That seems like a problematic and even a whimpy approach to bitcoin investing..

[sotelorene]

You're right only a persons discretional income should be invested in Bitcoin and not the other way round , investing an entire life savings in Bitcoin all at once is financial recklessness which could also lead to financial discomforts. When a person invest his entire savings in Bitcoin,at that point he's now financially vulnerable because he's empty without any funds to sort out his Bills and other of his necessary needs. Since he is a long term investor,there is no points pouring all of his funds at once in Bitcoin of which is very wrong from the starts. A smart thinking investor would only invest in Bitcoin appropriately without overdoing it or stepping out of his financial limits.

I agree with you, one of the most important things in Bitcoin investment is to invest with financial balance, if you invest aggressively, an investor will panic very easily, because when the market is down, that person will not only suffer from mental stress, but he may also make any wrong decision due to excessive panic. But if he continuously invests in Bitcoin through DCA, he will never panic during volatility, because he is increasing his Bitcoin holding at an average price through continuous purchases, so volatility will never scare him too much. So, before investing, you need to know about these volatility issues, and instead of deciding to invest aggressively, deposit Bitcoin in DCA through prudent income, and keep emergency funds ready to protect the investment in the long term.

I don't really understand what you mean by financial balance but it's most important when accumulating Bitcoin it should be done using only our discretionary income, accumulating aggressively is not bad over doing without considering the level of your discretionary is what makes it bad, and again an investor whose purpose to accumulate Bitcoin and hodl for long using his discretionary income don't need to panic when ever there is a decline in price instead he should use such opportunity to stack more bitcoin knowing that the price will increase again.

I agree with your statement here. The point is weather an investor is investing aggressively or not, just make sure you’re investing with your discretionary income and not the money meant to take care of your other financial obligations. An investor who chooses to be consistent in accumulating bitcoin either on a daily, weekly or monthly basis with his discretionary income is basically term as an aggressive buyer and nothing is wrong with that in as much as it does not affect his other financial obligations whereby he’s now finding it difficult to pay his bills and by so doing he tends to his bitcoin investment for his emergency funds then In that case such aggressiveness is not good.

Well it is practically impossible for an investor to be investing daily unless the investor earns daily and even if he does, I don't think it will be convenient with the Investor and I think this can only work ideally. Additionally, investing daily, weekly or monthly with discretionary is not an aggressive investment perhaps you should use the word intermittent investment because aggressive investment is when an investor used a good amount of money that is beyond their normal weekly or monthly investment money (DCA money) to invest in Bitcoin and this is the reason why I said it can not be possible to do that because aggressive investment amount is always bigger than DCA amount.

[Jostern]

You're right only a persons discretional income should be invested in Bitcoin and not the other way round , investing an entire life savings in Bitcoin all at once is financial recklessness which could also lead to financial discomforts. When a person invest his entire savings in Bitcoin,at that point he's now financially vulnerable because he's empty without any funds to sort out his Bills and other of his necessary needs. Since he is a long term investor,there is no points pouring all of his funds at once in Bitcoin of which is very wrong from the starts. A smart thinking investor would only invest in Bitcoin appropriately without overdoing it or stepping out of his financial limits.

I agree with you, one of the most important things in Bitcoin investment is to invest with financial balance, if you invest aggressively, an investor will panic very easily, because when the market is down, that person will not only suffer from mental stress, but he may also make any wrong decision due to excessive panic. But if he continuously invests in Bitcoin through DCA, he will never panic during volatility, because he is increasing his Bitcoin holding at an average price through continuous purchases, so volatility will never scare him too much. So, before investing, you need to know about these volatility issues, and instead of deciding to invest aggressively, deposit Bitcoin in DCA through prudent income, and keep emergency funds ready to protect the investment in the long term.

I disagree agree with you, investing aggressively won't make an investor to panic easily unless that investor don't know what he or she is doing that is using money meant for emergency and reserve funds to invest and this only shows lack of bitcoin investment knowledge and idea though most of the time it is not just about having knowledge or idea rather it is about using your available resource well. Normally, anyone who invest rightly and has the long term mindset is never suppose to panic if there is dip in the market because he should know that there will always be a dip that is why he or she chosed to invest for long term so that dip won't be a challenge to them.

I know an investor who bought Bitcoin aggressively at a particular time. I asked him about the underlying reason but he just told me to wait. I understood the purpose of aggressive buying when the price of Bitcoin started increasing and crossed the ATH in a very short time. When the price of Bitcoin started rising, that investor started buying aggressively at a particular time. The strategy of that investor for aggressive buying was that he did not buy Bitcoin during the bearish period but during the bullish period and this method was effective. I was surprised by his strategy because most of the time people spend time finding the bearish period to invest and end up wasting time and money on the investment. You do not have to wait for Bitcoin to start when you have sufficient flow of floating cash funds.

I think being aggressive is by choice and the amount of discretionary funds that you’ve in your possession, It doesn’t really matter when you have to be aggressive because you can be aggressive at any time depending that you have more access to income and having a discretionary income, being aggressive is quite okay provided that I don’t over do it, if I have more discretionary income to be aggressive during a bullish period that is good as well, if I also have discretionary to do it during a dip that is quite good, the most important thing is that I devised a means of increasing my finance portfolio and also have access to more discretionary funds so, I can be more efficient in being aggressive. Also I have to consider my emergency funds and reserved fund and floating funds to sustain my investments and I can always fall back to my reserved fund should in case I making mistake while trying to stack more bitcoin also considering my financial management.

[yixichloro2xx]

[edited out]

‎You are right, the guys consistent $50 per week habit already gives him a strong DCA foundation, so the main decision lies with how to structure that $5k....
‎

I agree that the main focus is the $5k funds, but the $50 per week is not an automatic decision that he should divert all of it to BTC in contrast to keeping some of it or all of it still going to his historical investments.  Nonetheless, I do consider that the most compelling answer would be to transition the $50 per week towards bitcoin - yet there could be some unknown facts that might cause him to weigh the considerations differently, such as if he were to have tax advantages with the account or if his employer were matching the funds, and surely I had not mentioned those kinds of possibilities that could exist with the other investments that he had been doing.

Absolutely, that is a thoughtful take because while Bitcoin may seem like the more compelling option right now, it is wise not to overlook the potential benefits tied to his existing investments. Things like tax advantages or employer matching could make a strong case for keeping some of that $50 allocation where it is....

A transition doesn’t have to be all or nothing,  even redirecting part of it toward Bitcoin while maintaining the advantages of his current setup could strike a smart balance until he has all the facts laid out.....

Of course, there are odds that the BTC price will not dip that far, and if the BTC price keeps going up are you going to adjust the prior amounts?  Since you are presetting the amounts, you likely would be setting from our current price or perhaps from the price in which you bought BTC last.. but if the BTC price keeps going up without any of your orders filling, are you just going to keep your buy orders in place.  Right now a 30% dip from here at $118 would take your lowest automatic buy order to somewhere in the $82k price range, which surely seems low from here, but not outside of the realm of what could end up happening.. but yeah there is also a risk that none of your buy orders would get filled, ever.. even the one going down 10% (which is around $106k), and so then you don't have shit for bitcoin, yet at the same time, you have $1,500 i cash that you had not used... By the way, I am maybe using stronger language than I need, and holding back 30% for buying on dips is not totally unreasonable... .

You bring up a valid point, If BTC doesn’t dip and just keeps climbing, those preset order, especially the deeper ones like at $82K (which would be a 30% drop from the current $118K range) may never get filled. And yeah, that would leave you sitting on $1,500 in cash while the market runs away from you.

That’s why I think it is  risky to go all in on just waiting for dips. A better approach might be to split the $1,500 maybe deploy some immediately, say 40 to 50%, then ladder the rest down for potential dips for example, 10% at $106K, 20% at $96K, 20% at $88K...... That way, you are  not completely out if Bitcoin keeps climbing, but you are also covered if it retraces.....

In this kind of market, flexibility and balance are everything it is not just about timing the bottom but staying in the game......

Exactly.  If you are specifically that person, you likely have to commit to something, since even non-committing has consequences, so it is likely better to commit, even if like you mentioned previously, some of the money, could be put into some kind of a reserve fund that would then allow considering what to do with that part later, even if it is put into a reserve fund it is held in cash or cash equivalents, unless you actually decide to put it in to some kind of a fund that locks it up for a period of time.

You are  right. Whether you invest now or wait, both are decisions with impact. It is smart to commit part of it and keep the rest in a flexible reserve like cash.....That way, you are not stuck, and you still have options when the time is right......

Surely people who have lump sum amounts have more options than people who are completely reliant on their discretionary income.  Of course, some young people, and even some people who have never gotten into any practice of investing, they might not hardly have any lump sum amounts available, and surely I am presuming that even folks without any investments, they still may well have 2- 6 weeks in cash, since there are likely not very many folks who completely operate on $0 in extra money and 100% wait for their paycheck.. and even though surely there are people who live like that, it seems to me that we should at least aspire that we are trying to make sure that we are not that kind of a person in the future, even if we might have had lived that way in the past... just as a basic safe living style, we likely need to try to keep a couple of weeks of cash as our back up and extra funds, even if we might spend 100% of our paychecks within the period that we get them.

Absolutely, having a lump sum definitely offers more flexibility, but those relying only on discretionary income aren’t without options either..... Even if someone doesn’t have investments yet, having at least 2 to 6 weeks worth of cash saved is a good starting point. It is about building that habit of setting something aside, no matter how small to avoid living paycheck to paycheck long term.....The goal is progress, not perfection.

[Gost ms]

Well it is practically impossible for an investor to be investing daily unless the investor earns daily and even if he does, I don't think it will be convenient with the Investor and I think this can only work ideally. Additionally, investing daily, weekly or monthly with discretionary is not an aggressive investment perhaps you should use the word intermittent investment because aggressive investment is when an investor used a good amount of money that is beyond their normal weekly or monthly investment money (DCA money) to invest in Bitcoin and this is the reason why I said it can not be possible to do that because aggressive investment amount is always bigger than DCA amount.

If a person invests 80% or the entire amount of discretionary income, then we can call them aggressive investors. If they invest through the DCA method, we can still call them aggressive investors. Because they are investing the entire amount of their discretionary income, which cannot be called a normal investment at all. Buying only through DIP or buying outside the DCA method is not something that will make them aggressive investors.

Not everyone's income is the same. There are many people who work as daily wage earners. For example, after working all day, they are given a certain amount of money as salary, they can continue to buy continuously by adopting the DCA method every day. This will not be bad at all. Because all the people who work as daily wage earners cannot accumulate or save much money. Because they have daily income and they spend almost the entire amount of money from it, so if they want to buy daily by adopting the DCA method, then it is not a bad idea at all.

[MainIbem]

Well it is practically impossible for an investor to be investing daily unless the investor earns daily and even if he does, I don't think it will be convenient with the Investor and I think this can only work ideally. Additionally, investing daily, weekly or monthly with discretionary is not an aggressive investment perhaps you should use the word intermittent investment because aggressive investment is when an investor used a good amount of money that is beyond their normal weekly or monthly investment money (DCA money) to invest in Bitcoin and this is the reason why I said it can not be possible to do that because aggressive investment amount is always bigger than DCA amount.

You just said it's impossible then countered yourself by saying expect the investor earns daily, mate it's not impossible to invest on a daily basis but the time frame the investor can keep up with it matters, it's a matter of how long, not how possible, for instance their was a point when microstrategy was buying on a daily basis then along the line the switched their interval of accumulating when they couldn't keep up with it. It all depends on the time frame at which the investor generates their discretionary, a salary earner who earns weekly is bound to invest on a weekly basis, one who earns monthly should invest on a monthly basis, a business person who get better profits on a daily basis can decide to buy in a daily basis for as long as they can keep up, that's just it mate.

[Loyang]

You're right only a persons discretional income should be invested in Bitcoin and not the other way round , investing an entire life savings in Bitcoin all at once is financial recklessness which could also lead to financial discomforts. When a person invest his entire savings in Bitcoin,at that point he's now financially vulnerable because he's empty without any funds to sort out his Bills and other of his necessary needs. Since he is a long term investor,there is no points pouring all of his funds at once in Bitcoin of which is very wrong from the starts. A smart thinking investor would only invest in Bitcoin appropriately without overdoing it or stepping out of his financial limits.

I agree with you, one of the most important things in Bitcoin investment is to invest with financial balance, if you invest aggressively, an investor will panic very easily, because when the market is down, that person will not only suffer from mental stress, but he may also make any wrong decision due to excessive panic. But if he continuously invests in Bitcoin through DCA, he will never panic during volatility, because he is increasing his Bitcoin holding at an average price through continuous purchases, so volatility will never scare him too much. So, before investing, you need to know about these volatility issues, and instead of deciding to invest aggressively, deposit Bitcoin in DCA through prudent income, and keep emergency funds ready to protect the investment in the long term.

I don't really understand what you mean by financial balance but it's most important when accumulating Bitcoin it should be done using only our discretionary income, accumulating aggressively is not bad over doing without considering the level of your discretionary is what makes it bad, and again an investor whose purpose to accumulate Bitcoin and hodl for long using his discretionary income don't need to panic when ever there is a decline in price instead he should use such opportunity to stack more bitcoin knowing that the price will increase again.

I agree with your statement here. The point is weather an investor is investing aggressively or not, just make sure you’re investing with your discretionary income and not the money meant to take care of your other financial obligations. An investor who chooses to be consistent in accumulating bitcoin either on a daily, weekly or monthly basis with his discretionary income is basically term as an aggressive buyer and nothing is wrong with that in as much as it does not affect his other financial obligations whereby he’s now finding it difficult to pay his bills and by so doing he tends to his bitcoin investment for his emergency funds then In that case such aggressiveness is not good.

When can we say aggressive buying? When we invest with our full or some less amount of our discretionary income, then we can call him an aggressive investor. But always buying so aggressively is not right at all. If you always buy aggressively, then you can put your saved Bitcoin at risk. For a new person, investing 5% to 25% of his discretionary income will be the right decision and it is very good to maintain the continuity of investment. For example, if you invest with your full amount, then if you face any kind of financial crisis, then your only option is an emergency fund. And if you invest 5% to 25% of your discretionary income, then you will have some money left and if you face any kind of financial crisis, then you can deal with that crisis with it.

[Cossyblack]

You're right only a persons discretional income should be invested in Bitcoin and not the other way round , investing an entire life savings in Bitcoin all at once is financial recklessness which could also lead to financial discomforts. When a person invest his entire savings in Bitcoin,at that point he's now financially vulnerable because he's empty without any funds to sort out his Bills and other of his necessary needs. Since he is a long term investor,there is no points pouring all of his funds at once in Bitcoin of which is very wrong from the starts. A smart thinking investor would only invest in Bitcoin appropriately without overdoing it or stepping out of his financial limits.

I agree with you, one of the most important things in Bitcoin investment is to invest with financial balance, if you invest aggressively, an investor will panic very easily, because when the market is down, that person will not only suffer from mental stress, but he may also make any wrong decision due to excessive panic. But if he continuously invests in Bitcoin through DCA, he will never panic during volatility, because he is increasing his Bitcoin holding at an average price through continuous purchases, so volatility will never scare him too much. So, before investing, you need to know about these volatility issues, and instead of deciding to invest aggressively, deposit Bitcoin in DCA through prudent income, and keep emergency funds ready to protect the investment in the long term.

If to invest aggressively will make you panic when there's a dip, it means that you shouldn't invest aggressively but use the amount of money from your discretionary income that will keep your mind at rest if there's a dip or not  for your weekly DCA . It's better to use small amount to buy gradually every week 4-10 years and above and be consistent with it than buying with an amount that will make you panic and sell before your desired time.

Buying aggressively is good when you have the money to do so, because it will help you increase your bitcoin portfolio in a fast pace but let it be within your discretionary income, if you invest buy aggressively with money that's beyond your discretionary income, you are gambling and will sell your bitcoin at loss, especially when the price of bitcoin is below your entry point.

I mean the basic purpose of investment is to get something going (interest) and one mustn't force their way especially when you feel the market is at advantage to you and you think you desperately need to buy big since the price is in favour because of maybe a dip in price, but doing that will just give you restlessness since it's out of discretionary income and anything that's out of your comfort zone in terms of investment is actually a really bad idea and going slow and steady would be the best option just as advice but the issue with most persons is that they lack to have patience and control which can make due to decision making results.

You're right, the sole purpose of starting a bitcoin investment is to make profits and offcourse there are process that must be followed step by step to actualize that purpose as results in bitcoin doesn't happens overnight but in years specifically.   When it comes to accumulating of bitcoin,it should only be done within our discretional income and not outside of it. We re also expected to buy when our discretional income is ready but buying & investing outside of our discretional income is over-stretching oneself financially which is inappropriate. Investing within our financial limits and not overdoing it goes a long way and would bring about a positive impact on our bitcoin accumulation journey.

[laijsica]

You're right only a persons discretional income should be invested in Bitcoin and not the other way round , investing an entire life savings in Bitcoin all at once is financial recklessness which could also lead to financial discomforts. When a person invest his entire savings in Bitcoin,at that point he's now financially vulnerable because he's empty without any funds to sort out his Bills and other of his necessary needs. Since he is a long term investor,there is no points pouring all of his funds at once in Bitcoin of which is very wrong from the starts. A smart thinking investor would only invest in Bitcoin appropriately without overdoing it or stepping out of his financial limits.

I agree with you, one of the most important things in Bitcoin investment is to invest with financial balance, if you invest aggressively, an investor will panic very easily, because when the market is down, that person will not only suffer from mental stress, but he may also make any wrong decision due to excessive panic. But if he continuously invests in Bitcoin through DCA, he will never panic during volatility, because he is increasing his Bitcoin holding at an average price through continuous purchases, so volatility will never scare him too much. So, before investing, you need to know about these volatility issues, and instead of deciding to invest aggressively, deposit Bitcoin in DCA through prudent income, and keep emergency funds ready to protect the investment in the long term.

If to invest aggressively will make you panic when there's a dip, it means that you shouldn't invest aggressively but use the amount of money from your discretionary income that will keep your mind at rest if there's a dip or not  for your weekly DCA . It's better to use small amount to buy gradually every week 4-10 years and above and be consistent with it than buying with an amount that will make you panic and sell before your desired time.

Buying aggressively is good when you have the money to do so, because it will help you increase your bitcoin portfolio in a fast pace but let it be within your discretionary income, if you invest buy aggressively with money that's beyond your discretionary income, you are gambling and will sell your bitcoin at loss, especially when the price of bitcoin is below your entry point.

I mean the basic purpose of investment is to get something going (interest) and one mustn't force their way especially when you feel the market is at advantage to you and you think you desperately need to buy big since the price is in favour because of maybe a dip in price, but doing that will just give you restlessness since it's out of discretionary income and anything that's out of your comfort zone in terms of investment is actually a really bad idea and going slow and steady would be the best option just as advice but the issue with most persons is that they lack to have patience and control which can make due to decision making results.

You're right, the sole purpose of starting a bitcoin investment is to make profits and offcourse there are process that must be followed step by step to actualize that purpose as results in bitcoin doesn't happens overnight but in years specifically.   When it comes to accumulating of bitcoin,it should only be done only within our discretional income and not outside of it. We re also expected to buy when our discretional income is ready but buying & investing outside of our discretional income is over-stretching oneself financially which is inappropriate. Investing within our financial limits and not overdoing it goes a long way and would bring about a positive impact on our bitcoin investment.

Even if the goal is to make a profit, we have to be prepared for all the steps that you have to go through. Among these, as you said, accumulation through discretionary income there are other things like emergency funds, above all patience is needed so that you can sustain yourself with investments in the long term. Yes, for regular accumulation it is more important for us to have only discretionary income arrangements. If you get bearish on the even of a regular Bitcoin run, you can buy aggressively but this does not always happen. If it happens to us occasionally it is necessary to have a floating fund along with a backup fund to ensure proper use of that time. Because buying Bitcoin occasionally in aggressive for 4-10 years can get a long way towards increasing the size of the portfolio.In addition to long-term Bitcoin occasional aggressive buying help grow your portfolio, making it easier to make profits.

[Jostern]

You're right only a persons discretional income should be invested in Bitcoin and not the other way round , investing an entire life savings in Bitcoin all at once is financial recklessness which could also lead to financial discomforts. When a person invest his entire savings in Bitcoin,at that point he's now financially vulnerable because he's empty without any funds to sort out his Bills and other of his necessary needs. Since he is a long term investor,there is no points pouring all of his funds at once in Bitcoin of which is very wrong from the starts. A smart thinking investor would only invest in Bitcoin appropriately without overdoing it or stepping out of his financial limits.

I agree with you, one of the most important things in Bitcoin investment is to invest with financial balance, if you invest aggressively, an investor will panic very easily, because when the market is down, that person will not only suffer from mental stress, but he may also make any wrong decision due to excessive panic. But if he continuously invests in Bitcoin through DCA, he will never panic during volatility, because he is increasing his Bitcoin holding at an average price through continuous purchases, so volatility will never scare him too much. So, before investing, you need to know about these volatility issues, and instead of deciding to invest aggressively, deposit Bitcoin in DCA through prudent income, and keep emergency funds ready to protect the investment in the long term.

If to invest aggressively will make you panic when there's a dip, it means that you shouldn't invest aggressively but use the amount of money from your discretionary income that will keep your mind at rest if there's a dip or not  for your weekly DCA . It's better to use small amount to buy gradually every week 4-10 years and above and be consistent with it than buying with an amount that will make you panic and sell before your desired time.

Buying aggressively is good when you have the money to do so, because it will help you increase your bitcoin portfolio in a fast pace but let it be within your discretionary income, if you invest buy aggressively with money that's beyond your discretionary income, you are gambling and will sell your bitcoin at loss, especially when the price of bitcoin is below your entry point.

I mean the basic purpose of investment is to get something going (interest) and one mustn't force their way especially when you feel the market is at advantage to you and you think you desperately need to buy big since the price is in favour because of maybe a dip in price, but doing that will just give you restlessness since it's out of discretionary income and anything that's out of your comfort zone in terms of investment is actually a really bad idea and going slow and steady would be the best option just as advice but the issue with most persons is that they lack to have patience and control which can make due to decision making results.

You're right, the sole purpose of starting a bitcoin investment is to make profits and offcourse there are process that must be followed step by step to actualize that purpose as results in bitcoin doesn't happens overnight but in years specifically.   When it comes to accumulating of bitcoin,it should only be done only within our discretional income and not outside of it. We re also expected to buy when our discretional income is ready but buying & investing outside of our discretional income is over-stretching oneself financially which is inappropriate. Investing within our financial limits and not overdoing it goes a long way and would bring about a positive impact on our bitcoin investment.

We invest in bitcoin with having a mindset of having profit, but that should only be achieved if we decide to invest and hold for a long term period and profit isn’t a guarantee for us in a short period of time, that is when the process of holding on to your bitcoin for a long term period and consistent accumulation is quite considerable to help and get enough bitcoin stashed in our portfolio. Investing little by little when we have a discretionary income is good enough to keep buying bitcoin in an affordable price index with appreciating DCA method to try and buy more bitcoin in a more convenient way.

[Silikiem]

Buying aggressively is good when you have the money to do so, because it will help you increase your bitcoin portfolio in a fast pace but let it be within your discretionary income, if you invest buy aggressively with money that's beyond your discretionary income, you are gambling and will sell your bitcoin at loss, especially when the price of bitcoin is below your entry point.

I would suggest that with bitcoin there can be problems selling at a loss as you suggest, but there are also problems selling at a time that is not of your own choosing, even if you might be in profits.

Any of us who might have had come to bitcoin for an investment timeline of 4-10 years or longer, we might spend several years building up our bitcoin holdings, so we might ultimately be in profits on all of our bitcoin and maybe we have even accumulated a year of our expenses into bitcoin, so we are feeling pretty good about our bitcoin holdings, but if we manage our cashflow badly, we might get ourself into a situation where we have might need 3-4 months of expenses, and maybe our bitcoin is the only thing that we have left, and we end up having to dip into our bitcoin, even though we are in profits and maybe they are in considerable profits, yet if we end up having to sell 3-4 months of our expenses from our bitcoin then maybe that reduces our bitcoin stash to 1/2 or 2/3rds of its previous amount, and maybe once we spend those bitcoin (they are in profits - but we did not choose to do it), yet we might have to spend 6 months or more just building back the emergency funds that we should  have had in the first place and we have to spend another 6 months or more trying to build up our bitcoin holdings, and maybe even we end up having to spend more than a year trying to build our bitcoin holdings back up to where they were, and we cannot get them back up to where they were even after several years of trying to build them back.

So my point, is that it is not ONLY selling at a loss that could cause irreversible damages, and sometimes guys fuck themselves over quite greatly by selling too much BTC too soon, and they are even selling within "dollar profits." but they may well never be able to accumulate back the quantity of BTC that they had prior to their having had sold too much BTC too soon.

This is true and I agree with you that there’s even more problem selling bitcoin at a time when it’s not of the investors choosing even though the investor might be in some sort of profits as at when the sell is made in the sense that after selling for such fast gain probably due to the increase in market price, surely you will be in some profit but think about when you want to buy back or accumulate next time, it means that you will have to also buy at a higher price too, except you have the mindset of waiting until its dip so you can accumulate, which is a very wrong investment strategy which you might end up waiting for the dip and it might not occur, you’ll slow down your investment and also likely to end up not even continuing your investment, such is a trading mindset and not an investor mindset. Bitcoin investment is a long term investment and not a get rich quick kind of investment where you want to make sharp profits, and at such if you want to attain success in your bitcoin investment, it requires patience in accumulating consistently and hold for the long term without panicking to sell for quick profit. Surely, while accumulating you also build up your emergency funds alongside as it will be enough to settle your other financial obligations when the need arises so you don’t have to tend to your investments (bitcoin)too early for emergency situations.