Balancing Financial security and Bitcoin Accumulation

[Yorubek]

I also agree with you here, most people have not yet started with bitcoin, because they were not giving the proper orientation on bitcoin and how easy it can be for them to invest in bitcoin with just their discretionary income and not with their whole income. Just as you said many people believe that for them to get started with bitcoin that they need to have a huge amount of money to buy bitcoin at once and hold for long term, without knowing that they can buy bitcoin fraction by fraction with just their discretionary income consistently using the DCA method till they get to their accumulation target.

Very correct, good information trigers potential investors, most people out there may have not seem it necessary to invest in bitcoin just because of either misinformation or inappropriate orientation they got from existing investors, it is laughable for anyone to even think that they cant invest with little unless they have all the money in the world, although this is what lack of good information does to incoming investors, one of my friend once told me  that bitcoin is only for the rich, I ask him Why did he say so, he said can't I see the value, he went further to tell me that how will he be able to afford such amount of money to buy bitcoin, he said that's the reason why he has not been able to buy bitcoin in the recent time as he pick interest, I laugh and ask if he have heard about DCA method of bitcoin accumulation, he said no, I explained in details how helpful such method  can be easy for him to accumulate bitcoin gradually, as I speak to you has already started and he's very happy, just imagine if he didn't tell me, what would've become of him.

That's right, we know many people who are willing to invest in Bitcoin but are afraid to invest because of the high price. They don't know that Bitcoin can be collected very easily through (DCA). I believe if they are properly explained, they will definitely be very interested in investing in Bitcoin through (DCA). By giving honest advice, people can be interested in investing in Bitcoin. To start investing in Bitcoin, having a basic perspective and a discreet earning is enough.

[Btcdeybodi]

I also agree with you here, most people have not yet started with bitcoin, because they were not giving the proper orientation on bitcoin and how easy it can be for them to invest in bitcoin with just their discretionary income and not with their whole income. Just as you said many people believe that for them to get started with bitcoin that they need to have a huge amount of money to buy bitcoin at once and hold for long term, without knowing that they can buy bitcoin fraction by fraction with just their discretionary income consistently using the DCA method till they get to their accumulation target.

Very correct, good information trigers potential investors, most people out there may have not seem it necessary to invest in bitcoin just because of either misinformation or inappropriate orientation they got from existing investors, it is laughable for anyone to even think that they cant invest with little unless they have all the money in the world, although this is what lack of good information does to incoming investors, one of my friend once told me  that bitcoin is only for the rich, I ask him Why did he say so, he said can't I see the value, he went further to tell me that how will he be able to afford such amount of money to buy bitcoin, he said that's the reason why he has not been able to buy bitcoin in the recent time as he pick interest, I laugh and ask if he have heard about DCA method of bitcoin accumulation, he said no, I explained in details how helpful such method  can be easy for him to accumulate bitcoin gradually, as I speak to you has already started and he's very happy, just imagine if he didn't tell me, what would've become of him.

That's right, we know many people who are willing to invest in Bitcoin but are afraid to invest because of the high price. They don't know that Bitcoin can be collected very easily through (DCA). I believe if they are properly explained, they will definitely be very interested in investing in Bitcoin through (DCA). By giving honest advice, people can be interested in investing in Bitcoin. To start investing in Bitcoin, having a basic perspective and a discreet earning is enough.

I think that the reason why many people are not investing in bitcoin is because they do not have solid sources of income to continue to keep their DCA coming. Another thing why most people are not also investing in bitcoin is because they feel they can't make much profits from it considering the duration of time they plan to hodl. The truth is that most people want to hodl for a short term, only few have the mind to hodl for a longer period of time and these set of people are those that own huge investments and good sources of income.

[Mehmet69]

That's right, we know many people who are willing to invest in Bitcoin but are afraid to invest because of the high price. They don't know that Bitcoin can be collected very easily through (DCA). I believe if they are properly explained, they will definitely be very interested in investing in Bitcoin through (DCA). By giving honest advice, people can be interested in investing in Bitcoin. To start investing in Bitcoin, having a basic perspective and a discreet earning is enough.

Since you know many people who are willing to invest in Bitcoin, give them all the right and true advice from the forum. Add them to the forum. Make them interested in investing in Bitcoin.

There are many people around those who are in the forum who do not know the right information about Bitcoin. They think Bitcoin is a scam. Because the right information about Bitcoin has not reached them. We all should tell the truth about Bitcoin to the people around us. We need to break their misconceptions. If you cannot do that, then add them to the forum and ask them to raise all the questions in their mind. Experienced and knowledgeable people will explain the truth to them in sweet language.

People always want cash income. No one wants to agree to invest for some time. Everyone wants more return on their money, that too in a very short period of time. People with this kind of mentality need to be explained with love. If we understand with love without attacking anyone, then they will definitely understand.

[Derekfunds]

I also agree with you here, most people have not yet started with bitcoin, because they were not giving the proper orientation on bitcoin and how easy it can be for them to invest in bitcoin with just their discretionary income and not with their whole income. Just as you said many people believe that for them to get started with bitcoin that they need to have a huge amount of money to buy bitcoin at once and hold for long term, without knowing that they can buy bitcoin fraction by fraction with just their discretionary income consistently using the DCA method till they get to their accumulation target.

Very correct, good information trigers potential investors, most people out there may have not seem it necessary to invest in bitcoin just because of either misinformation or inappropriate orientation they got from existing investors, it is laughable for anyone to even think that they cant invest with little unless they have all the money in the world, although this is what lack of good information does to incoming investors, one of my friend once told me  that bitcoin is only for the rich, I ask him Why did he say so, he said can't I see the value, he went further to tell me that how will he be able to afford such amount of money to buy bitcoin, he said that's the reason why he has not been able to buy bitcoin in the recent time as he pick interest, I laugh and ask if he have heard about DCA method of bitcoin accumulation, he said no, I explained in details how helpful such method  can be easy for him to accumulate bitcoin gradually, as I speak to you has already started and he's very happy, just imagine if he didn't tell me, what would've become of him.

That's right, we know many people who are willing to invest in Bitcoin but are afraid to invest because of the high price. They don't know that Bitcoin can be collected very easily through (DCA). I believe if they are properly explained, they will definitely be very interested in investing in Bitcoin through (DCA). By giving honest advice, people can be interested in investing in Bitcoin. To start investing in Bitcoin, having a basic perspective and a discreet earning is enough.

I think that the reason why many people are not investing in bitcoin is because they do not have solid sources of income to continue to keep their DCA coming. Another thing why most people are not also investing in bitcoin is because they feel they can't make much profits from it considering the duration of time they plan to hodl. The truth is that most people want to hodl for a short term, only few have the mind to hodl for a longer period of time and these set of people are those that own huge investments and good sources of income.

I agree with your second reason and I also think another reason is because they feel they can lose their money because some people's mindset is centered on buying and selling when there is little change ( uptrend) in the market and some persons too, the reason they have not invested is because of lack of basic knowledge, some people have the money and yet to know how to go about. There are also folks who have the money and knowledge but they  are afraid of investing because some people still see Bitcoin as scam and this particular set of people need an orientation else there perspective can not change.

[I_Anime]

That's right, we know many people who are willing to invest in Bitcoin but are afraid to invest because of the high price. They don't know that Bitcoin can be collected very easily through (DCA). I believe if they are properly explained, they will definitely be very interested in investing in Bitcoin through (DCA). By giving honest advice, people can be interested in investing in Bitcoin. To start investing in Bitcoin, having a basic perspective and a discreet earning is enough.

Since you know many people who are willing to invest in Bitcoin, give them all the right and true advice from the forum. Add them to the forum. Make them interested in investing in Bitcoin.

There are many people around those who are in the forum who do not know the right information about Bitcoin. They think Bitcoin is a scam. Because the right information about Bitcoin has not reached them. We all should tell the truth about Bitcoin to the people around us. We need to break their misconceptions. If you cannot do that, then add them to the forum and ask them to raise all the questions in their mind. Experienced and knowledgeable people will explain the truth to them in sweet language.

People always want cash income. No one wants to agree to invest for some time. Everyone wants more return on their money, that too in a very short period of time. People with this kind of mentality need to be explained with love. If we understand with love without attacking anyone, then they will definitely understand.

Is not compulsory to bring them into the forum first before they can start investing in bitcoin with the knowledge you have already gathered here in the forum sofar you would able to guide and put them through if they are truly interested in gambling. Like me before I advise any folk about bitcoin at first tell them the basic knowledge about bitcoin because know one want to invest in something they are not familiar with (am not talking about the technical part ) am talking about the basic.  Then tell them that there’s no guarantee though but bitcoin has proven to be among the best investments so far and you don’t even need to stress your self bitcoin performance over the years is already an evidence, so they should be ready for long term journey .

[IjawMan]

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That is how it can only end for an investor of bitcoin who has plans for longer investment period and they don't work In preparation towards handling challenges that might arise and cause them to stop half way on meeting their timeline of their bitcoin accumulation. A way to stay ahead not to fall into the danger of selling prematurely or at a loss when bitcoin is in the dip before a rising danger is to have several sources of income you can use to patch up those emergencies as they arise. When you fail on this you make yourself prone to the predisposition of a premature sell of your bitcoin investment at a loss

Having an alternative source of income is good but that does not fully guarantee the safety of your bitcoin stash. To hold your bitcoin for long, there have to be a strict adherence to building your emergency funds either from your alternative income or main source of income. That emergency funds are built and kept in cash at all time. Having alternative source of income sometimes make some investors believe they can always have money for their emergencies and they forget to be intentional about building their emergency funds. This has led to situations where emergency comes up and there's no cash money to fund it either because the alternative source of income is actually a business which you can only get money from during the day time when you open to sell. But emergencies do not announce time. If it comes in the middle of the night, you don't need to wait till morning to open your alternative source of income. So in a nutshell, prepare your emergency funds and make it handy always. That's the only way you can be sure that you won't sell your bitcoin prematurely except in the event when nature faces you with situations your emergency funds can not handle and you've exhausted all other options without sorting it out.

Go ask anywhere in the world it is safer and with ease in stashing portfolio on any investment including bitcoin which is our subject matter in this thread by having multiple sources of income. There is no how you can be intentional with one means of making money and succeed on stashing for long aggressively because your one means of income can't guarantee that on the basis of you intentionality to stashed bitcoin at any emergency but on your multiple sources of income. With which you can fall on X income to settle an emergency when YZ income is not available. With multiple sources of income you can at anytime turn over for another to settle either your emergency or buy your bitcoin. There is hardly how you can have all your sources closed at once.

[laijsica]

I also agree with you here, most people have not yet started with bitcoin, because they were not giving the proper orientation on bitcoin and how easy it can be for them to invest in bitcoin with just their discretionary income and not with their whole income. Just as you said many people believe that for them to get started with bitcoin that they need to have a huge amount of money to buy bitcoin at once and hold for long term, without knowing that they can buy bitcoin fraction by fraction with just their discretionary income consistently using the DCA method till they get to their accumulation target.

Very correct, good information trigers potential investors, most people out there may have not seem it necessary to invest in bitcoin just because of either misinformation or inappropriate orientation they got from existing investors, it is laughable for anyone to even think that they cant invest with little unless they have all the money in the world, although this is what lack of good information does to incoming investors, one of my friend once told me  that bitcoin is only for the rich, I ask him Why did he say so, he said can't I see the value, he went further to tell me that how will he be able to afford such amount of money to buy bitcoin, he said that's the reason why he has not been able to buy bitcoin in the recent time as he pick interest, I laugh and ask if he have heard about DCA method of bitcoin accumulation, he said no, I explained in details how helpful such method  can be easy for him to accumulate bitcoin gradually, as I speak to you has already started and he's very happy, just imagine if he didn't tell me, what would've become of him.

That's right, we know many people who are willing to invest in Bitcoin but are afraid to invest because of the high price. They don't know that Bitcoin can be collected very easily through (DCA). I believe if they are properly explained, they will definitely be very interested in investing in Bitcoin through (DCA). By giving honest advice, people can be interested in investing in Bitcoin. To start investing in Bitcoin, having a basic perspective and a discreet earning is enough.

I think that the reason why many people are not investing in bitcoin is because they do not have solid sources of income to continue to keep their DCA coming. Another thing why most people are not also investing in bitcoin is because they feel they can't make much profits from it considering the duration of time they plan to hodl. The truth is that most people want to hodl for a short term, only few have the mind to hodl for a longer period of time and these set of people are those that own huge investments and good sources of income.

Folk who think that you need a solid source of income to do Bitcoin are basically confused and are misleading others at the same time. You start small and you will start investing in a way that you will never get stuck with a risky plan called trading. You do not even have to be very financially strong to do bitcoin in the DCA method. You will need a discretionary income that is the money left over after meeting the basic needs of the family. This amount can be $ 10 or $ 20 per week or per month (minimum amount). You should have a long-term mental preparation for doing bitcoin. Knowing very little about the structure of bitcoin, they may have plans for short term trading but for long term investment Bitcoin is best and accumulation regularly over time UP  decrease  and the holding increase.

[JayJuanGee]

[edited out]

You are right. but I have my opinion, if someone really wants to diversify their assets and is already investing in Bitcoin regularly following the DCA method, then investing in Bitcoin in another way can also be done as diversification. For example, let's say he is investing $200 weekly in Bitcoin from his discretionary income. Suddenly his income increases. Then if he thinks that he will invest the rest of the money somewhere else, then he can buy more BTC for long-term holding when the price of Bitcoin will be DIP. He will create a separate fund where he will deposit his extra income and when he feels that the price of Bitcoin has decreased comparatively, he will invest and hold as much Bitcoin as possible. In addition, his regular Bitcoin investment will continue. This decision can be better than any other decision. Because investing in Bitcoin will always give much more profit compared to any other investment.Bitcoin is a much more profitable option for future security.

There is nothing wrong with a guy who might choose to set aside other funds for buying the dip.  That is not really called diversification, even though it is employing more than one method for accumulating bitcoin that might result in accumulating more cash if the BTC price does not dip.

Let''s say that we have a guy with a $50k per year income, and he is investing $200 per week into bitcoin.  That would be $10k per year and that would be right around 25% of the guys income going into bitcoin investment.  Maybe if he already had been buying bitcoin for a full year, then he has $10k worth of bitcoin and whatever  amount that his bitcoin holdings had appreciated during the time that he had been accumulating it.  There are websites that we can look up the numbers to make sure our hypothetical is realistic... so maybe this guy has 0.14507 BTC after one year of $200 per week.

So then how much is the raise? Did he go from $50k to $60k or maybe from $50k to $55k?  The extra amount or some proportion of the extra amount could be set aside for buying the dip, as you mentioned. I am not sure if there is any compelling case to be made for doing it or not doing it (except that in the case that I described, the guy is already allocating a pretty high percentage of his income to bitcoin investing.. and so hopefully he has already established an emergency fund, or maybe he might need to spend some of his income or the bonus money to shore up his emergency funds).  No matter the case, bitcoin investors can decide these kinds of balances of their income and their extra income.

[Tungbulu]

[edited out]

You are right. but I have my opinion, if someone really wants to diversify their assets and is already investing in Bitcoin regularly following the DCA method, then investing in Bitcoin in another way can also be done as diversification. For example, let's say he is investing $200 weekly in Bitcoin from his discretionary income. Suddenly his income increases. Then if he thinks that he will invest the rest of the money somewhere else, then he can buy more BTC for long-term holding when the price of Bitcoin will be DIP. He will create a separate fund where he will deposit his extra income and when he feels that the price of Bitcoin has decreased comparatively, he will invest and hold as much Bitcoin as possible. In addition, his regular Bitcoin investment will continue. This decision can be better than any other decision. Because investing in Bitcoin will always give much more profit compared to any other investment.Bitcoin is a much more profitable option for future security.

There is nothing wrong with a guy who might choose to set aside other funds for buying the dip.  That is not really called diversification, even though it is employing more than one method for accumulating bitcoin that might result in accumulating more cash if the BTC price does not dip.

Let''s say that we have a guy with a $50k per year income, and he is investing $200 per week into bitcoin.  That would be $10k per year and that would be right around 25% of the guys income going into bitcoin investment.  Maybe if he already had been buying bitcoin for a full year, then he has $10k worth of bitcoin and whatever  amount that his bitcoin holdings had appreciated during the time that he had been accumulating it.  There are websites that we can look up the numbers to make sure our hypothetical is realistic... so maybe this guy has 0.14507 BTC after one year of $200 per week.

So then how much is the raise? Did he go from $50k to $60k or maybe from $50k to $55k?  The extra amount or some proportion of the extra amount could be set aside for buying the dip, as you mentioned. I am not sure if there is any compelling case to be made for doing it or not doing it (except that in the case that I described, the guy is already allocating a pretty high percentage of his income to bitcoin investing.. and so hopefully he has already established an emergency fund, or maybe he might need to spend some of his income or the bonus money to shore up his emergency funds).  No matter the case, bitcoin investors can decide these kinds of balances of their income and their extra income.

I agree with you JJG. Setting aside some funds for buying the dip may not really be considered to be diversification, even if some folks might consider it to be. It's more of a strategy that can help investors to accumulate more Bitcoin by taking advantage of potential price dumps. Looking at the hypothetical scenario that you cited, the guy investing $200 per week in Bitcoin is already putting in around 20% of his income into buying of Bitcoin.

If the price goes, let's say from $50k to maybe $55k or even $60k, it could turn out to be a viable option to allocate a portion of the extra income towards buying the dips. By doing this, he's able to take advantage of potential downturns while still significantly maintaining a consistent investment schedule. However, just as you've rightly pointed out, it's crucial for investors to make sure that they've been able to establish a solid emergency fund before deciding to allocate a large portion of their income towards buying of Bitcoin. Maybe a more balanced approach would be to allocate a smaller portion of  the raise towards buying on potential DIPs, this way you'll be able to focus more your emergency fund contribution.

[icebar]

I also agree with you here, most people have not yet started with bitcoin, because they were not giving the proper orientation on bitcoin and how easy it can be for them to invest in bitcoin with just their discretionary income and not with their whole income. Just as you said many people believe that for them to get started with bitcoin that they need to have a huge amount of money to buy bitcoin at once and hold for long term, without knowing that they can buy bitcoin fraction by fraction with just their discretionary income consistently using the DCA method till they get to their accumulation target.

Very correct, good information trigers potential investors, most people out there may have not seem it necessary to invest in bitcoin just because of either misinformation or inappropriate orientation they got from existing investors, it is laughable for anyone to even think that they cant invest with little unless they have all the money in the world, although this is what lack of good information does to incoming investors, one of my friend once told me  that bitcoin is only for the rich, I ask him Why did he say so, he said can't I see the value, he went further to tell me that how will he be able to afford such amount of money to buy bitcoin, he said that's the reason why he has not been able to buy bitcoin in the recent time as he pick interest, I laugh and ask if he have heard about DCA method of bitcoin accumulation, he said no, I explained in details how helpful such method  can be easy for him to accumulate bitcoin gradually, as I speak to you has already started and he's very happy, just imagine if he didn't tell me, what would've become of him.

You are right. but I have my opinion, if someone really wants to diversify their assets and is already investing in Bitcoin regularly following the DCA method, then investing in Bitcoin in another way can also be done as diversification. For example, let's say he is investing $200 weekly in Bitcoin from his discretionary income. Suddenly his income increases. Then if he thinks that he will invest the rest of the money somewhere else, then he can buy more BTC for long-term holding when the price of Bitcoin will be DIP. He will create a separate fund where he will deposit his extra income and when he feels that the price of Bitcoin has decreased comparatively, he will invest and hold as much Bitcoin as possible. In addition, his regular Bitcoin investment will continue. This decision can be better than any other decision. Because investing in Bitcoin will always give much more profit compared to any other investment.Bitcoin is a much more profitable option for future security.

When you invest more to accumulate Bitcoin, your Bitcoin stack will grow. Which will definitely take you faster to reach your goal. But there is no point in calling it diversification. You can create a separate fund. If someone creates a fund for Bitcoin dip and uses it, it can certainly be a good strategy. But you must maintain other things very well. For your bitcoin accumulation you need to have three-month emergency fund with your discretionary income and a part of that income used for Bitcoin dip after regular DCA, it may be a good idea. As your income increases, if you allocate that income to investing in Bitcoin, your Bitcoin portfolio will definitely grow faster. In this case, you can also invest aggressively with your discretionary income if you want.

[ruykeri]

[edited out]

You are right. but I have my opinion, if someone really wants to diversify their assets and is already investing in Bitcoin regularly following the DCA method, then investing in Bitcoin in another way can also be done as diversification. For example, let's say he is investing $200 weekly in Bitcoin from his discretionary income. Suddenly his income increases. Then if he thinks that he will invest the rest of the money somewhere else, then he can buy more BTC for long-term holding when the price of Bitcoin will be DIP. He will create a separate fund where he will deposit his extra income and when he feels that the price of Bitcoin has decreased comparatively, he will invest and hold as much Bitcoin as possible. In addition, his regular Bitcoin investment will continue. This decision can be better than any other decision. Because investing in Bitcoin will always give much more profit compared to any other investment.Bitcoin is a much more profitable option for future security.

There is nothing wrong with a guy who might choose to set aside other funds for buying the dip.  That is not really called diversification, even though it is employing more than one method for accumulating bitcoin that might result in accumulating more cash if the BTC price does not dip.

Let''s say that we have a guy with a $50k per year income, and he is investing $200 per week into bitcoin.  That would be $10k per year and that would be right around 25% of the guys income going into bitcoin investment.  Maybe if he already had been buying bitcoin for a full year, then he has $10k worth of bitcoin and whatever  amount that his bitcoin holdings had appreciated during the time that he had been accumulating it.  There are websites that we can look up the numbers to make sure our hypothetical is realistic... so maybe this guy has 0.14507 BTC after one year of $200 per week.

So then how much is the raise? Did he go from $50k to $60k or maybe from $50k to $55k?  The extra amount or some proportion of the extra amount could be set aside for buying the dip, as you mentioned. I am not sure if there is any compelling case to be made for doing it or not doing it (except that in the case that I described, the guy is already allocating a pretty high percentage of his income to bitcoin investing.. and so hopefully he has already established an emergency fund, or maybe he might need to spend some of his income or the bonus money to shore up his emergency funds).  No matter the case, bitcoin investors can decide these kinds of balances of their income and their extra income.

I am now clear on the subject. I initially thought that even if you invest in different ways, it is considered as diversification of assets. However, the balance between income and investment that you mentioned is really very important. Because if there is no balance, if there is no understanding about fund management, then there is a possibility of any loss in the future. And the most important thing that I think is to create a proper reserve fund and emergency fund of investing  in Bitcoin.

[Stormisover]

[edited out]

You are right. but I have my opinion, if someone really wants to diversify their assets and is already investing in Bitcoin regularly following the DCA method, then investing in Bitcoin in another way can also be done as diversification. For example, let's say he is investing $200 weekly in Bitcoin from his discretionary income. Suddenly his income increases. Then if he thinks that he will invest the rest of the money somewhere else, then he can buy more BTC for long-term holding when the price of Bitcoin will be DIP. He will create a separate fund where he will deposit his extra income and when he feels that the price of Bitcoin has decreased comparatively, he will invest and hold as much Bitcoin as possible. In addition, his regular Bitcoin investment will continue. This decision can be better than any other decision. Because investing in Bitcoin will always give much more profit compared to any other investment.Bitcoin is a much more profitable option for future security.

There is nothing wrong with a guy who might choose to set aside other funds for buying the dip.  That is not really called diversification, even though it is employing more than one method for accumulating bitcoin that might result in accumulating more cash if the BTC price does not dip.

Let''s say that we have a guy with a $50k per year income, and he is investing $200 per week into bitcoin.  That would be $10k per year and that would be right around 25% of the guys income going into bitcoin investment.  Maybe if he already had been buying bitcoin for a full year, then he has $10k worth of bitcoin and whatever  amount that his bitcoin holdings had appreciated during the time that he had been accumulating it.  There are websites that we can look up the numbers to make sure our hypothetical is realistic... so maybe this guy has 0.14507 BTC after one year of $200 per week.

So then how much is the raise? Did he go from $50k to $60k or maybe from $50k to $55k?  The extra amount or some proportion of the extra amount could be set aside for buying the dip, as you mentioned. I am not sure if there is any compelling case to be made for doing it or not doing it (except that in the case that I described, the guy is already allocating a pretty high percentage of his income to bitcoin investing.. and so hopefully he has already established an emergency fund, or maybe he might need to spend some of his income or the bonus money to shore up his emergency funds).  No matter the case, bitcoin investors can decide these kinds of balances of their income and their extra income.

I am now clear on the subject. I initially thought that even if you invest in different ways, it is considered as diversification of assets. However, the balance between income and investment that you mentioned is really very important. Because if there is no balance, if there is no understanding about fund management, then there is a possibility of any loss in the future. And the most important thing that I think is to create a proper reserve fund and emergency fund of investing  in Bitcoin.

The concepts of assets diversification is quite self explanatory though a lot of people understand it differently but just as it implies it entails roll out your investment around difference and unrelated asset classes, revolving around Bitcoin is never diversification, revolving around Bitcoin and other coins is not diversification either but when you are revolving around Bitcoin and others such as real estate, stocks, or selling of commodities it can be considered as diversification because they entirely not related.

[Barikui1]

There is nothing wrong with a guy who might choose to set aside other funds for buying the dip.  That is not really called diversification, even though it is employing more than one method for accumulating bitcoin that might result in accumulating more cash if the BTC price does not dip.

Let''s say that we have a guy with a $50k per year income, and he is investing $200 per week into bitcoin.  That would be $10k per year and that would be right around 25% of the guys income going into bitcoin investment.  Maybe if he already had been buying bitcoin for a full year, then he has $10k worth of bitcoin and whatever  amount that his bitcoin holdings had appreciated during the time that he had been accumulating it.  There are websites that we can look up the numbers to make sure our hypothetical is realistic... so maybe this guy has 0.14507 BTC after one year of $200 per week.

So then how much is the raise? Did he go from $50k to $60k or maybe from $50k to $55k?  The extra amount or some proportion of the extra amount could be set aside for buying the dip, as you mentioned. I am not sure if there is any compelling case to be made for doing it or not doing it (except that in the case that I described, the guy is already allocating a pretty high percentage of his income to bitcoin investing.. and so hopefully he has already established an emergency fund, or maybe he might need to spend some of his income or the bonus money to shore up his emergency funds).  No matter the case, bitcoin investors can decide these kinds of balances of their income and their extra income.

I am now clear on the subject. I initially thought that even if you invest in different ways, it is considered as diversification of assets. However, the balance between income and investment that you mentioned is really very important. Because if there is no balance, if there is no understanding about fund management, then there is a possibility of any loss in the future. And the most important thing that I think is to create a proper reserve fund and emergency fund of investing  in Bitcoin.

The earlier you understand the in this crypto space, their is no such thing as diversification, because no other asset comes close to Bitcoin in reliability, so if you wish to diversify because you don't feel too ok of all your finances invested in Bitcoin, you can invest into real estate or land, where the problem usually comes from when diversification is talked of is that for a new Investor that hasn't accumulated much, he shouldn't think of going that route because it's a distraction he can't afford at the beginning of his accumulation journey, but if he has accumulated more than 50% and he wish to diversify into real estate or land because he doesn't feels 100% safe in Bitcoin, it's not that bad in my own opinion, where it's terrible bad when diversifying is moving from Bitcoin to an alt or shit coin.

[Olatundespo]

[edited out]

You are right. but I have my opinion, if someone really wants to diversify their assets and is already investing in Bitcoin regularly following the DCA method, then investing in Bitcoin in another way can also be done as diversification. For example, let's say he is investing $200 weekly in Bitcoin from his discretionary income. Suddenly his income increases. Then if he thinks that he will invest the rest of the money somewhere else, then he can buy more BTC for long-term holding when the price of Bitcoin will be DIP. He will create a separate fund where he will deposit his extra income and when he feels that the price of Bitcoin has decreased comparatively, he will invest and hold as much Bitcoin as possible. In addition, his regular Bitcoin investment will continue. This decision can be better than any other decision. Because investing in Bitcoin will always give much more profit compared to any other investment.Bitcoin is a much more profitable option for future security.

There is nothing wrong with a guy who might choose to set aside other funds for buying the dip.  That is not really called diversification, even though it is employing more than one method for accumulating bitcoin that might result in accumulating more cash if the BTC price does not dip.

Let''s say that we have a guy with a $50k per year income, and he is investing $200 per week into bitcoin.  That would be $10k per year and that would be right around 25% of the guys income going into bitcoin investment.  Maybe if he already had been buying bitcoin for a full year, then he has $10k worth of bitcoin and whatever  amount that his bitcoin holdings had appreciated during the time that he had been accumulating it.  There are websites that we can look up the numbers to make sure our hypothetical is realistic... so maybe this guy has 0.14507 BTC after one year of $200 per week.

So then how much is the raise? Did he go from $50k to $60k or maybe from $50k to $55k?  The extra amount or some proportion of the extra amount could be set aside for buying the dip, as you mentioned. I am not sure if there is any compelling case to be made for doing it or not doing it (except that in the case that I described, the guy is already allocating a pretty high percentage of his income to bitcoin investing.. and so hopefully he has already established an emergency fund, or maybe he might need to spend some of his income or the bonus money to shore up his emergency funds).  No matter the case, bitcoin investors can decide these kinds of balances of their income and their extra income.

I am now clear on the subject. I initially thought that even if you invest in different ways, it is considered as diversification of assets. However, the balance between income and investment that you mentioned is really very important. Because if there is no balance, if there is no understanding about fund management, then there is a possibility of any loss in the future. And the most important thing that I think is to create a proper reserve fund and emergency fund of investing  in Bitcoin.

The point that @JayJuanGee Sir has emphasized is that if you increase your asset reserve to buy dips then it is right. He has agreed to keep a separate fund along with regular Bitcoin accumulation so that we do not miss the dips event in the future. The amount of that fund will be determined by you and based on your income. We should only set a target for Bitcoin. Some may follow a risky approach and try to diversify the portfolio which is a risky way and has the possibility of losing money.

I know of some Bitcoin investors who are so careful about Bitcoin accumulation that they reserve another fund along with emergency fund/floating cash so that they can buy aggressively during dips period and this is to increase the financial capacity of an investor and manage the funds wisely which can make him a wealthy investor in the long run.

[Gost ms]

I am now clear on the subject. I initially thought that even if you invest in different ways, it is considered as diversification of assets. However, the balance between income and investment that you mentioned is really very important. Because if there is no balance, if there is no understanding about fund management, then there is a possibility of any loss in the future. And the most important thing that I think is to create a proper reserve fund and emergency fund of investing  in Bitcoin.

Diversifying your assets is not something that can be achieved by investing in different places. You need to know about the subject you want to invest in and its risks. For example, if you invest in Bitcoin, if you invest without knowing anything about Bitcoin, you may face losses. Because you may be inclined to short-term investment or trading based on what you understand. Short-term investment has a lot of risk. But if you invest in the long term, your risk is much less. You need to have the right knowledge of what you are going to do. If you do not have the right knowledge, you may lose all your money.

Along with investing, you need to have proper financial management. If you cannot manage it properly, it can be very bad for you. For example, if you are investing in a long-term way, if you do not have an emergency fund, then if you get into a financial crisis, you will have to sell your holdings. If your investment goes down during that time, you will face losses and if it does not go down, you may miss out on a big opportunity in the future and you may regret it in the future. Therefore, it is very important to have proper financial management.

[Jostern]

I also agree with you here, most people have not yet started with bitcoin, because they were not giving the proper orientation on bitcoin and how easy it can be for them to invest in bitcoin with just their discretionary income and not with their whole income. Just as you said many people believe that for them to get started with bitcoin that they need to have a huge amount of money to buy bitcoin at once and hold for long term, without knowing that they can buy bitcoin fraction by fraction with just their discretionary income consistently using the DCA method till they get to their accumulation target.

Very correct, good information trigers potential investors, most people out there may have not seem it necessary to invest in bitcoin just because of either misinformation or inappropriate orientation they got from existing investors, it is laughable for anyone to even think that they cant invest with little unless they have all the money in the world, although this is what lack of good information does to incoming investors, one of my friend once told me  that bitcoin is only for the rich, I ask him Why did he say so, he said can't I see the value, he went further to tell me that how will he be able to afford such amount of money to buy bitcoin, he said that's the reason why he has not been able to buy bitcoin in the recent time as he pick interest, I laugh and ask if he have heard about DCA method of bitcoin accumulation, he said no, I explained in details how helpful such method  can be easy for him to accumulate bitcoin gradually, as I speak to you has already started and he's very happy, just imagine if he didn't tell me, what would've become of him.

You are right. but I have my opinion, if someone really wants to diversify their assets and is already investing in Bitcoin regularly following the DCA method, then investing in Bitcoin in another way can also be done as diversification. For example, let's say he is investing $200 weekly in Bitcoin from his discretionary income. Suddenly his income increases. Then if he thinks that he will invest the rest of the money somewhere else, then he can buy more BTC for long-term holding when the price of Bitcoin will be DIP. He will create a separate fund where he will deposit his extra income and when he feels that the price of Bitcoin has decreased comparatively, he will invest and hold as much Bitcoin as possible. In addition, his regular Bitcoin investment will continue. This decision can be better than any other decision. Because investing in Bitcoin will always give much more profit compared to any other investment.Bitcoin is a much more profitable option for future security.

When you invest more to accumulate Bitcoin, your Bitcoin stack will grow. Which will definitely take you faster to reach your goal. But there is no point in calling it diversification. You can create a separate fund. If someone creates a fund for Bitcoin dip and uses it, it can certainly be a good strategy. But you must maintain other things very well. For your bitcoin accumulation you need to have three-month emergency fund with your discretionary income and a part of that income used for Bitcoin dip after regular DCA, it may be a good idea. As your income increases, if you allocate that income to investing in Bitcoin, your Bitcoin portfolio will definitely grow faster. In this case, you can also invest aggressively with your discretionary income if you want.

The truth is setting aside funds for a dip doesn’t stop me from accumulating and buying bitcoin on a consistent basis probably weekly or monthly depending on how we exercise our options, Then I will suggest it’s never a bad idea, I know there are folks who have been investing in bitcoin for quite a long time now, that have been buying on a consistent basis, but are always vigilant to have some money left aside probably some money in savings or maybe some reserved funds that they have kept for some special purpose of when they come across a dip to take the opportunity and accumulate more bitcoin into their portfolio knowing fully well that bitcoin will always surge back and they wouldn’t have anything to loose, I think it’s quite a wise move considering that we’re investing Bitcoin for a long term purpose and to hodl for a long time, whichever strategies that could best help and investment to accumulate and sustain my investment wouldn’t be a bad idea, We also know that there is the DCA there to always accumulate at any given time that we’ve a discretionary income to alway carry on with our accumulation activities.

[Liocen]

The truth is setting aside funds for a dip doesn’t stop me from accumulating and buying bitcoin on a consistent basis probably weekly or monthly depending on how we exercise our options, Then I will suggest it’s never a bad idea, I know there are folks who have been investing in bitcoin for quite a long time now, that have been buying on a consistent basis, but are always vigilant to have some money left aside probably some money in savings or maybe some reserved funds that they have kept for some special purpose of when they come across a dip to take the opportunity and accumulate more bitcoin into their portfolio knowing fully well that bitcoin will always surge back and they wouldn’t have anything to loose, I think it’s quite a wise move considering that we’re investing Bitcoin for a long term purpose and to hodl for a long time, whichever strategies that could best help and investment to accumulate and sustain my investment wouldn’t be a bad idea, We also know that there is the DCA there to always accumulate at any given time that we’ve a discretionary income to alway carry on with our accumulation activities.

It is also true that focusing more on buying in DIP can reduce the budget allocated for buying in DCA. Because you will then start depositing more and more money in the fund reserved for buying in DIP. If you are really doing this, I want to know how reasonable it is and is it a good plan for investors to do this?
Initially, I think this is a barrier to growing a Bitcoin portfolio.
I think those who are buying Bitcoin in DCA should be more cautious about their Bitcoin purchases and buy aggressively by increasing their DCA budget as much as possible without reducing it.
And later, when your emergency fund is healthy enough, then reduce the amount of money deposited there and create a new fund from there that can be used to buy Bitcoin later if it comes to DIP.

[ruykeri]

I also agree with you here, most people have not yet started with bitcoin, because they were not giving the proper orientation on bitcoin and how easy it can be for them to invest in bitcoin with just their discretionary income and not with their whole income. Just as you said many people believe that for them to get started with bitcoin that they need to have a huge amount of money to buy bitcoin at once and hold for long term, without knowing that they can buy bitcoin fraction by fraction with just their discretionary income consistently using the DCA method till they get to their accumulation target.

Very correct, good information trigers potential investors, most people out there may have not seem it necessary to invest in bitcoin just because of either misinformation or inappropriate orientation they got from existing investors, it is laughable for anyone to even think that they cant invest with little unless they have all the money in the world, although this is what lack of good information does to incoming investors, one of my friend once told me  that bitcoin is only for the rich, I ask him Why did he say so, he said can't I see the value, he went further to tell me that how will he be able to afford such amount of money to buy bitcoin, he said that's the reason why he has not been able to buy bitcoin in the recent time as he pick interest, I laugh and ask if he have heard about DCA method of bitcoin accumulation, he said no, I explained in details how helpful such method  can be easy for him to accumulate bitcoin gradually, as I speak to you has already started and he's very happy, just imagine if he didn't tell me, what would've become of him.

You are right. but I have my opinion, if someone really wants to diversify their assets and is already investing in Bitcoin regularly following the DCA method, then investing in Bitcoin in another way can also be done as diversification. For example, let's say he is investing $200 weekly in Bitcoin from his discretionary income. Suddenly his income increases. Then if he thinks that he will invest the rest of the money somewhere else, then he can buy more BTC for long-term holding when the price of Bitcoin will be DIP. He will create a separate fund where he will deposit his extra income and when he feels that the price of Bitcoin has decreased comparatively, he will invest and hold as much Bitcoin as possible. In addition, his regular Bitcoin investment will continue. This decision can be better than any other decision. Because investing in Bitcoin will always give much more profit compared to any other investment.Bitcoin is a much more profitable option for future security.

When you invest more to accumulate Bitcoin, your Bitcoin stack will grow. Which will definitely take you faster to reach your goal. But there is no point in calling it diversification. You can create a separate fund. If someone creates a fund for Bitcoin dip and uses it, it can certainly be a good strategy. But you must maintain other things very well. For your bitcoin accumulation you need to have three-month emergency fund with your discretionary income and a part of that income used for Bitcoin dip after regular DCA, it may be a good idea. As your income increases, if you allocate that income to investing in Bitcoin, your Bitcoin portfolio will definitely grow faster. In this case, you can also invest aggressively with your discretionary income if you want.

The truth is setting aside funds for a dip doesn’t stop me from accumulating and buying bitcoin on a consistent basis probably weekly or monthly depending on how we exercise our options, Then I will suggest it’s never a bad idea, I know there are folks who have been investing in bitcoin for quite a long time now, that have been buying on a consistent basis, but are always vigilant to have some money left aside probably some money in savings or maybe some reserved funds that they have kept for some special purpose of when they come across a dip to take the opportunity and accumulate more bitcoin into their portfolio knowing fully well that bitcoin will always surge back and they wouldn’t have anything to loose, I think it’s quite a wise move considering that we’re investing Bitcoin for a long term purpose and to hodl for a long time, whichever strategies that could best help and investment to accumulate and sustain my investment wouldn’t be a bad idea, We also know that there is the DCA there to always accumulate at any given time that we’ve a discretionary income to alway carry on with our accumulation activities.

I agree with you. Actually, I wanted to say that if someone's income increases along with investing regularly in Bitcoin, then his discretionary income will also increase. And then he saves that extra money and invests it when the price decreases. And I only mixed this issue with diversification. Actually, I think that investing in Bitcoin according to the DCA method is the best way. But if I have a separate fund to buy in the deep, then if I invest there to increase my Bitcoin wealth, that would be good... But if you talk about maintaining the continuity of investing, then even after the income increase he will continue to buy Bitcoin in the same way as he regularly bought it, only increasing the amount he bought. If he decides in this way, there will be any headaches if bitcoin price ups or down . In this way, he will be able to continue investing in Bitcoin for a long time.

[Tmoonz]

The truth is setting aside funds for a dip doesn’t stop me from accumulating and buying bitcoin on a consistent basis probably weekly or monthly depending on how we exercise our options, Then I will suggest it’s never a bad idea, I know there are folks who have been investing in bitcoin for quite a long time now, that have been buying on a consistent basis, but are always vigilant to have some money left aside probably some money in savings or maybe some reserved funds that they have kept for some special purpose of when they come across a dip to take the opportunity and accumulate more bitcoin into their portfolio knowing fully well that bitcoin will always surge back and they wouldn’t have anything to loose, I think it’s quite a wise move considering that we’re investing Bitcoin for a long term purpose and to hodl for a long time, whichever strategies that could best help and investment to accumulate and sustain my investment wouldn’t be a bad idea, We also know that there is the DCA there to always accumulate at any given time that we’ve a discretionary income to alway carry on with our accumulation activities.

It is also true that focusing more on buying in DIP can reduce the budget allocated for buying in DCA. Because you will then start depositing more and more money in the fund reserved for buying in DIP. If you are really doing this, I want to know how reasonable it is and is it a good plan for investors to do this?
Initially, I think this is a barrier to growing a Bitcoin portfolio.
I think those who are buying Bitcoin in DCA should be more cautious about their Bitcoin purchases and buy aggressively by increasing their DCA budget as much as possible without reducing it.
And later, when your emergency fund is healthy enough, then reduce the amount of money deposited there and create a new fund from there that can be used to buy Bitcoin later if it comes to DIP.

There is nothing wrong in keeping a separate funds which is the reserve funds to buy the dips but we should always consider that there are trade offs in choosing to do rather than buying right away because the dip may or may not happen, we should also have it in mind that in a consistent buying with the dca strategy alot of dips can be catch too so there should not be much emphasis or priority to be given When considering the amount of money to be holding back for buying the dip, many has lost good buying opportunities which they might not see again while waiting for the kind of dip they want.

[Nightwatchmare]

One must be a high income earner to say he’s buying aggressively with his discretionary funds.

That is not true.

Anyone who has discretionary income can choose how to spend such discretionary income.  There are some folks who have $10 per week of discretionary income and there are others who have $1k or more per week of discretionary income.  The level of aggressiveness has to do with what proportion of their discretionary income are they using to buy bitcoin.

I would suggest that if they are using 70% or above of their discretionary income to buy bitcoin, then they are being aggressive, and if they are using less than 10% of their discretionary income to buy bitcoin, then they are likely being whimpy.

People completely have the right to choose whether or not to invest in bitcoin and their level of aggressiveness, and their choices (and actions) have consequences that they will live with either way, whether they choose to invest in bitcoin or not and if they do what level of aggressiveness they choose.

For sure if a person is new to investing and if a person does not have back up funds, then likely he would need to build that from his discretionary income, so maybe as a person is first getting used to investing into bitcoin, he ends up having to choose a lower level of aggressiveness while he is building up his backup funds, and once he is comfortable with his level of back up funds, then he is in a better place to increase his level of aggressiveness.   Guys can have emergency funds and reserve funds... You are right that usually we would consider emergency funds as not being used for buying bitcoin., but that might also be a judgement call in terms of how the various kinds of back up funds are being categorized and used and if there is enough of them, but yeah, generally speaking buying bitcoin does not seem like an emergency, even if the price dips, but people have to figure out these matters, and if they end up prematurely draining their back up funds, they might find themselves in a bad position if they don't have any back up funds and then an emergency happens.. such as a drop in income and/or an increase in expenses, and they are left with no choice but to tap into their bitcoin investment at a time that was not completely of their own choosing, but they had put themselves in such position due to sloppy cashflow management practices.

If people have other obligations with their discretionary funds, then they might not be in a position to be more aggressive unless they cut their other obligations, which they may or may not be willing to do.

You are absolutely right. How aggressively a person will invest in Bitcoin depends on both their discretionary income and their mindset. However, proper fund management is most important before investing. One must create an emergency fund and a reserve fund in advance. If someone has good cash flow, they can invest in Bitcoin on the one hand, and at the same time build up these backup funds for themselves. And when his funds feel full, he can increase the amount of investment in Bitcoin according to his needs.

The whole idea you presented is very important and realistic .A new investor starts investing using the DCA method for a long time , then in the future when he reaches a certain level, he follows the 200-WMA rule for sustainable withdrawal.  he can easily run his life through it without any financial uncertainty.
But I am still not clear on one thing that is, if someone wants to start investing using the DCA method for a period of 10 years from now,
So what is the minimum amount of dollars he needs to invest per month so that after 10 years he can make sustainable withdrawals and live comfortably?

Since JayJuanGee doesn't know how much ruykeri's discretionary income is and how much of his discretionary income he wants to invest into Bitcoin, JayJuanGee can't advise ruykeri on the minimum amount of dollars he needs to invest per month so that he can get a good profit after holding his bitcoin for 10 years because JayJuanGee might tell him an amount that's bigger than his discretionary income, and it will cause ruykeri to fail in his bitcoin investment. Ruykeri is the only person who can figure out the minimum amount of dollars that will allow him to be in good profit after holding his bitcoin for 10 years because only he knows how much his discretionary income is and how much of his discretionary income he's willing to invest into bitcoin.