Balancing Financial security and Bitcoin Accumulation

[Cgrexp]

I completely agree with you on this, whatever your source of income, the first thing to do is to ensure the necessary expenses. Then if you have discretionary income in hand, then take the next decision to manage the matter of DCA, you have to see whether you will be able to manage this DCA consistently, whether you will be able to manage the investment without destroying the continuity of this investment in any emergency situation, you have to take a good care of all these things and decide to invest here, since the journey here is long-term, so you have to consider all aspects, because deciding to sell the holding in the middle can cause losses.

long term investment is not something an investor needs to get into without a proper plan on how they intend to hold there bitcoin. There should be room for an emergency funds as this will make an investor not to temper with there holding whenever they are being faced with real emergency.For it to be possible to hold bitcoin for a long term there should be need to invest using discretionary income.

No matter how someone gets money, the investment must be within their considered income. Because if this limit is not followed, the investment may have to be broken to meet daily expenses in the future, which can cause losses in the long run. In reality, most people do not have any other source of investment except a fixed income. Therefore, the DCA strategy is a relatively safe and realistic way for them. It gives them the opportunity to invest in Bitcoin regularly. On a weekly or monthly basis according to their income so that their financial stability is maintained. The definition of the word lump sum or lump sum is not the same for everyone. When a common person receives any extra money such as a $150 bonus or unexpected income, it may seem like a lump sum to him. Even if one is not rich, one can get such money and how to use that money is the main question here. If someone wants, they can use that money to buy Bitcoin all at once, while someone else can use it gradually or by buying it in the market. The decision to invest depends not only on the amount of money but also on the investor's mentality, risk-taking ability and financial situation.  So, whether it is a one-time investment or a regular investment strategy, the two most important things are investment responsibility and staying within your limits.

[cxtreenal]

Some folks assume that lump sum only applies to rich people, and it does not.

There is some logic to the idea of ​​many folk. It is difficult for many poor folk to meet their basic needs and accumulate Bitcoin through DCA. I am going through that stage and I realize how disciplined it is to invest in Bitcoins through discretionary income. I agree with you that many investors have the ability to buy Bitcoin at a time and they do so if they can understand the intrinsic value of Bitcoin. Many investors can earn extra money in addition to their salary which they get as overtime. They can add Bitcoin at a time through that fund. If we relax the consideration of the extremely poor in terms of investment then a fairly level investor can definitely buy Bitcoin at a time.

[PhilosopherKing]

Some folks assume that lump sum only applies to rich people, and it does not.

Sure, we understand that many times poor people do not have extra cash.  They only have their regular income which also might be uncertain.. and same with expenses that might have some irregularities... .yet even poor people will sometimes receive some extra payments that they will be able to dedicate some or all of it to bitcoin, and the longer that the poor people are in bitcoin and they are able to organize their cashflow management to strengthen it, then they well may recognize more opportunities to lump sum based on their putting themselves into situations of having extra cash by increasing their income and/or decreasing their expenses.

On the other hand, even if logistically, a person might be able to get some access to lump sum funds, it might be better and more convenient to use a DCA method to move those funds into bitcoin over time rather than all at once - especially if they might be in some other investment or maybe you have a business with another person, and you agree that you are going to sell your half of the business to your business partner.. The two of you agree that you could receive $4,000 right away or if you agree to allow your partner to pay you over the next two years, you would receive $50 per week (which would add up to $5,200), and financially for you, you would rather receive the larger amount through the payments plan.  You can find yourself in similar situations in regards to how you might want to treat lump sum funds.

There could also be situations where you have some funds, and you have those funds dedicated for a certain purpose, and all of a sudden you see that the bitcoin price has dropped around 25%, so you decide to rush to get those funds so you can use them to buy bitcoin, even though you might have to pay some extra fees based on your wanting to get quick access to the funds.  You may or may not end up getting bitcoin on the dip, or perhaps after you buy on the dip, the BTC price keeps dipping for another year.. so.. even though you took your chance, the price kept dipping, but you don't mind because you thought that it was a good buying opportunity even though maybe it takes a couple of years before the price returns back to the price that you bought it at.  Those are real scenarios that can end up happening with real people.

Sure. lump sum has nothing to do with our social class, neither does it even have anything to do with being rich . It rather has everything to do with extra cash at particular moments and then choosing what you will want to do with it. People usually misconceives lump sum as a strategy for the rich usually because of their confusion of what the term- lump sum is. The thing is that if we are honest with ourselves, we would confirm that we receive some extramoney sometimes, which is most time usually outside of our daily/weekly/monthly income. The extra money may come as gifts or reward from -friends, workplaces, family members, online task,  profits gotten from betting, bonuses, maybe lottery, crypto mining activity and the likes. And we receiving this money most times does not matter if we are a poor or rich. and one can decide to invest sufh money in one go into Bitcoin, and that's definitely lump sum. But yet people will do whatever shit they like, like blowing up that money of shitty stuff, simply because they think that they cannot lump sum.

[BTC-blaad]

Some folks assume that lump sum only applies to rich people, and it does not.

Sure, we understand that many times poor people do not have extra cash.  They only have their regular income which also might be uncertain.. and same with expenses that might have some irregularities... .yet even poor people will sometimes receive some extra payments that they will be able to dedicate some or all of it to bitcoin, and the longer that the poor people are in bitcoin and they are able to organize their cashflow management to strengthen it, then they well may recognize more opportunities to lump sum based on their putting themselves into situations of having extra cash by increasing their income and/or decreasing their expenses.

On the other hand, even if logistically, a person might be able to get some access to lump sum funds, it might be better and more convenient to use a DCA method to move those funds into bitcoin over time rather than all at once - especially if they might be in some other investment or maybe you have a business with another person, and you agree that you are going to sell your half of the business to your business partner.. The two of you agree that you could receive $4,000 right away or if you agree to allow your partner to pay you over the next two years, you would receive $50 per week (which would add up to $5,200), and financially for you, you would rather receive the larger amount through the payments plan.  You can find yourself in similar situations in regards to how you might want to treat lump sum funds.

There could also be situations where you have some funds, and you have those funds dedicated for a certain purpose, and all of a sudden you see that the bitcoin price has dropped around 25%, so you decide to rush to get those funds so you can use them to buy bitcoin, even though you might have to pay some extra fees based on your wanting to get quick access to the funds.  You may or may not end up getting bitcoin on the dip, or perhaps after you buy on the dip, the BTC price keeps dipping for another year.. so.. even though you took your chance, the price kept dipping, but you don't mind because you thought that it was a good buying opportunity even though maybe it takes a couple of years before the price returns back to the price that you bought it at.  Those are real scenarios that can end up happening with real people.

Sure. lump sum has nothing to do with our social class, neither does it even have anything to do with being rich . It rather has everything to do with extra cash at particular moments and then choosing what you will want to do with it. People usually misconceives lump sum as a strategy for the rich usually because of their confusion of what the term- lump sum is. The thing is that if we are honest with ourselves, we would confirm that we receive some extramoney sometimes, which is most time usually outside of our daily/weekly/monthly income. The extra money may come as gifts or reward from -friends, workplaces, family members, online task,  profits gotten from betting, bonuses, maybe lottery, crypto mining activity and the likes. And we receiving this money most times does not matter if we are a poor or rich. and one can decide to invest sufh money in one go into Bitcoin, and that's definitely lump sum. But yet people will do whatever shit they like, like blowing up that money of shitty stuff, simply because they think that they cannot lump sum.

lump sum gets tossed around like it’s some elite only play, but at the end of the day it’s just extra cash you happen to have right now. Whether it’s a birthday gift, a bonus, a lucky win, or a little crypto mining profit, that money shows up for anyone, rich or not.
The real distinction is what you decide to do with it. If you’ve got a chunk you’re comfortable putting into Bitcoin all at once, that’s a perfectly valid move especially if you’ve already built a solid DCA habit to smooth out the day to day volatility.

[JayJuanGee]

[edited out]

My talk on consistency isn't about buying with the same amount all the time but just about buying, I might be wrong but that's also why I'm here, to learn from people who know more than I do about bitcoin and to be able to apply the better investment principles I learn here to my own accumulation journey,

Sure.  That is a fair clarification.  There is a certain value that comes from trying to buy every week if possible, especially for newbies who are first establishing their bitcoin stake and they are hopefully spending time trying to learn more about various basic aspects of bitcoin.  The basic aspects of bitcoin don't need to be known prior to getting started, yet it is good if newbies are learning about bitcoin as they are investing into it, and sometimes guys don't have a lot of time to spend learning about bitcoin, so they would likely need to keep their bitcoin investment amounts lower until they gain a reasonable amount of comfort in regards to their understanding various aspects of the thing that they are investing into (in this case bitcoin).

Another thing that I understand is that sometimes newbies might not be able to invest into bitcoin every week based on their own cashflow situations or other competing matters in their lives that might make it difficult for them to buy bitcoin every week.

I've also always stated that an investor should endeavour to keep investing preferably with the DCA as long as they have the discretionary income to do so available to them this is because I don't think it's very smart to invest in bitcoin outside of your discretionary income and this stand that I am taking on not buying outside of our discretionary income is backed up with the current fluctuations in bitcoin price, especially by the current DIP, people who invented outside of their discretionary income are under alot of pressure right and most have already considered selling to mitigate their losses, if they had just invested with their discretionary income then they wouldn't be this afraid of the DIP and would just keep holding.

Of course, there are quite a few guys in the various bitcoin investment threads who emphasize that investing into bitcoin needs to be both within the discretionary income but also at a level that is sufficiently comfortable, since if a guy is investing with very large portions of his discretionary income, he might not be leaving enough room for his setting aside some money with his discretionary income and also having some room for some extra discretionary consumption spending that each of us likely need to be able to have some of those kinds of extra funds available in order to keep ourselves psychologically and/or socially healthy.

So, yeah, if we invest into bitcoin with part of our discretionary income, we are likely locking that money away for 4-10 years or longer, which means that we should not be tempted to (or put into a position of having to) tap into that investment money at a time that is not completely of our own choosing, and even if our bitcoin investment goes into profits, we should maintain systems in place that we are not tempted to tap into it and to remove those funds prior to our 4-10 years or more investment timeline merely due to a lack of self-discipline and/or staying within our long-term investment timeline. 

Of course, guys can do whatever they want with their investment, so they have the option to voluntarily tap into their bitcoin investment and gamble with the possibility that they are screwing up their bitcoin investment in cases that they might end up going down that path of tapping into their bitcoin investment.. perhaps on a regular and even excessive basis.

And concerning limb summing I believe that what can be considered lump sum depends on the individual as I started in this other thread

It may well depend upon our making sure that we are talking about the same thing, since many guys don't seem to know the difference between lump sum investing and buying on the dip... so those are different categories, so it can be confusing when guys talk about the various concepts and they either have not defined their terms properly and/or they are talking about them in confusing and/or convoluted ways.  So surely you can figure out the extent that you want to lump sum invest into bitcoin and/or buy on dips and/or DCA buy your bitcoin, yet if you are talking about these different bitcoin buying approaches in confusing ways, then you might get challenged from other members based on your confusing presentation of the topic rather than any attempts to tell you what to do in regards to your bitcoin investment, since what you do or how you choose to do it is your choice, even if you might be making choices that other members might consider to be inferior ways of building your bitcoin investment or whatever your goals might be as those goals relate to bitcoin.

Just because the DCA is a budget friendly bitcoin investment strategy doesn't mean it an investment strategy for poor people, the purpose of the DCA is to ensure that anyone with enough discretionary income can invest in bitcoin, if your discretionary income is low then don't conclude the same for others, there are people who get around $10 discretionary every week and for some people it can be up to $100 and to others it could even be $1000, and each of od these people can DCA if they want to , while you might consider buying bitcoin with $500 as buying lump there is someone else who sees that amount as the lowest they can go in their DCAing so what's too much for you might be too small for someone else so while you might see a person investing with $1k you might think that the person is lump suming but in truth that person is just DCAing on the cheap side as far as they are concerned since that $1k but even be less than their 50% of their discretionary income.

I could be wrong in my theories and I'm not in any way trying to impose them on others, it's just my view and I'm open to corrections.

It seems that everything you said above makes sense, and yeah, sometimes we might want to receive feedback on some of the things that we are saying.  No problem with that.  Sometimes I also mention that there is a need for a lot of back and forth with your own application of the theories to your own bitcoin investment practices, so that you can argue with more conviction about your ideas making sense, since you are applying some variation of what you are proclaiming to be a good practice... So yeah, it could take several years of buying bitcoin regularly and building up cashflow management systems and practices in order to recognize the extent to which there are tensions within your own ideas and/or practices, so guys who are ongoingly trying to practice what they preach, they are going to be in a better position to make certain arguments in regards to how they are balancing their own competing interests and even limitations that they might have in their own time and their own budget constraints.   

Some folks assume that lump sum only applies to rich people, and it does not.

There is some logic to the idea of ​​many folk. It is difficult for many poor folk to meet their basic needs and accumulate Bitcoin through DCA. I am going through that stage and I realize how disciplined it is to invest in Bitcoins through discretionary income.

I am surely not trying to deny the difficulties of poor people and surely some folks have incomes that are so low that they might not be able to determine whether or not they have any discretionary income until the end of the month, and even that might be challenging to figure out if there is enough money to make it until the next paycheck, so even if a person might have been able to save an extra $100 through the whole month, when the next month comes, if the paycheck is questionable in regards to covering the expenses for the whole month, the guy might not be able to put any of that extra $100 into bitcoin because even after he received the next paycheck, he does not have enough confidence that he is going to have enough funds from his paycheck to cover all of his monthly expenses, so then each time, he might end up not investing in bitcoin because he was not able to definitively (with enough confidence) determine that he had enough money to be able to afford to even buy $10 worth of bitcoin.

Surely some guys get into signature campaigns on the forum in order to help them to perhaps be able to have some extra money to put into or to keep in bitcoin if the signature campaign is paying in bitcoin, but still even getting a supplemental income might not always bring enough assurance to a guy that he has enough funds to be able to comfortably put it in bitcoin (or leave it in bitcoin) rather than keeping it in his local fiat to be ready to cover his monthly expenses.

So yeah, lump sum amounts can be large or small, and I agree that if a guys is already having trouble making sure that all of his expenses are covered, even if he receives an extra $200, he still might not be comfortable to put any of that into bitcoin if he is not sure if he will be able to cover all of his monthly expenses, even during a time that he ended up receiving an extra $200 that he had not previously expected to receive.

I agree with you that many investors have the ability to buy Bitcoin at a time and they do so if they can understand the intrinsic value of Bitcoin. Many investors can earn extra money in addition to their salary which they get as overtime. They can add Bitcoin at a time through that fund. If we relax the consideration of the extremely poor in terms of investment then a fairly level investor can definitely buy Bitcoin at a time.

Frequently it will help, even a poor person, to know that he has an option to put money in bitcoin for 4-10 years or longer, so that even if he might not regularly invest into anything, he might end up getting incentivized by his studying bitcoin and therefore he might be inspired to earn more income and/or to cut some of his expenses in order that he can free up some money that he might not have had otherwise freed up for the investing into bitcoin, even if it might ONLY be a small amount and even if it might end up being on an irregular basis.. he might merely keep bitcoin in mind and search for opportunities to increase his income and/or cut his expenses just so he will be able to buy some bitcoin and to increase his pride if he is able to build an investment in bitcoin, even if it is not a very large amount as compared with other people who have better financial circumstances.

[edited out]

Sure. lump sum has nothing to do with our social class, neither does it even have anything to do with being rich . It rather has everything to do with extra cash at particular moments and then choosing what you will want to do with it. People usually misconceives lump sum as a strategy for the rich usually because of their confusion of what the term- lump sum is. The thing is that if we are honest with ourselves, we would confirm that we receive some extramoney sometimes, which is most time usually outside of our daily/weekly/monthly income. The extra money may come as gifts or reward from -friends, workplaces, family members, online task,  profits gotten from betting, bonuses, maybe lottery, crypto mining activity and the likes. And we receiving this money most times does not matter if we are a poor or rich. and one can decide to invest sufh money in one go into Bitcoin, and that's definitely lump sum. But yet people will do whatever shit they like, like blowing up that money of shitty stuff, simply because they think that they cannot lump sum.

In regards to your last sentence, it is true that lump sum could come to a guy in a variety of ways, and once the guy gets the lump sum, then presumptively that money is extra money beyond his expenses, which means that it is discretionary funds, which means that he can do whatever he wants with such money, even dumb shit...

So the three categories for discretionary funds is to invest, consume and/or to save.  Sometimes the consumption is based on reasonable wants and/or needs, and other times, people get crazy with their extra money.. which truly is their choice, even if they might have had been better off to limit their craziness.. but some folks have difficulties controlling their own impulses and delaying their gratification. 

There can be similar craziness in their ways of investing and/or their ways of saving.  Sometimes guys will go crazy with their ways of investing and/or saving, and they end up putting their money at unnecessary risk because they might be trying to earn more money with their money or to preserve its value, but then they might not sufficiently calculate the risks and then they might end up losing portions (or all) of their investments and/or their savings.  Sometimes folks might not know their own faults, and they might be better off to learn some better practices and/or techniques, but they end up being their own worse enemy, and they might have impulses that cause them to make poor choices.  Perhaps many of us don't agree with wasting money drinking and smoking, and perhaps there could be ways that a person could choose to just spend $30 per week on drinking and smoking, so many of us might consider that they are being more prudent and disciplined than if they did not have any boundaries and they had habits of spending more than $100 each week on those habits.  So we do not necessarily need to agree in terms of the areas (expenses) that can be cut or should be cut, yet sometimes there might be some guys who are ready, willing and able to improve their spending habits, and they sometimes can be helped by talking to someone else about some ways that they might be able to improve their own situation by employing more discipline and limits to how they are choosing to spend their money and perhaps even how much they are choosing to work versus play.

[coinrifft]

I'm one of those who wasted money on cigarettes and alcohol years back. But I decided to quit specially smoking and then I realized that I have a discretionary funds every week and trick my brain that instead of buying 1 pack a day or more and go out with friends to drink, then why not invest it in Bitcoin? So that was my plan and so far in the last 4 years of investing, I never touch any and instead I try to understand the way others invested that's why I'm in community. And so far from what I read it really helps a help. I'm not into flipping Bitcoin as others might be doing, like in every year or so they will just sell their Bitcoin take profits and then be happy with that. I think that is the wrong approach, or maybe I'm just a stock guy that really holds on my stocks and not going to sell for the long time. So I will apply that in Bitcoin too and see how it goes not just for me but for my family as I was thinking of building more wealth, generational wealth and I will have to thank Bitcoin with that thru DCA method.

[BTC-blaad]

I completely agree with you on this, whatever your source of income, the first thing to do is to ensure the necessary expenses. Then if you have discretionary income in hand, then take the next decision to manage the matter of DCA, you have to see whether you will be able to manage this DCA consistently, whether you will be able to manage the investment without destroying the continuity of this investment in any emergency situation, you have to take a good care of all these things and decide to invest here, since the journey here is long-term, so you have to consider all aspects, because deciding to sell the holding in the middle can cause losses.

long term investment is not something an investor needs to get into without a proper plan on how they intend to hold there bitcoin. There should be room for an emergency funds as this will make an investor not to temper with there holding whenever they are being faced with real emergency.For it to be possible to hold bitcoin for a long term there should be need to invest using discretionary income.

A solid long term play needs two things a clear why I’m holding road map and a safety net that keeps you from having to sell when the unexpected hits so you have to know this before saying what you just said. Having an emergency fund means you can sit tight on your sats even if the car breaks down or a medical bill shows up. And using discretionary income for the regular DCA keeps your core bills and that emergency stash untouched.

[Female King]

I'm one of those who wasted money on cigarettes and alcohol years back. But I decided to quit specially smoking and then I realized that I have a discretionary funds every week and trick my brain that instead of buying 1 pack a day or more and go out with friends to drink, then why not invest it in Bitcoin? So that was my plan and so far in the last 4 years of investing, I never touch any and instead I try to understand the way others invested that's why I'm in community. And so far from what I read it really helps a help. I'm not into flipping Bitcoin as others might be doing, like in every year or so they will just sell their Bitcoin take profits and then be happy with that. I think that is the wrong approach, or maybe I'm just a stock guy that really holds on my stocks and not going to sell for the long time. So I will apply that in Bitcoin too and see how it goes not just for me but for my family as I was thinking of building more wealth, generational wealth and I will have to thank Bitcoin with that thru DCA method.

Nothing dey wrong if investor that has be buying bitcoin and has held his bitcoin for long or has reached his accumulation point to take some profit from his investment, making some profit is part of the investment, its only wrong for a new investor to be thinking of taking profit when he is suppose to be thinking of how he could buy more and hold for years, 4-10 years or more is good  to be taking little profit if you have been regularly and consistently buying bitcoin.

[Merit.s]

Nothing dey wrong if investor that has be buying bitcoin and has held his bitcoin for long or has reached his accumulation point to take some profit from his investment, making some profit is part of the investment, its only wrong for a new investor to be thinking of taking profit when he is suppose to be thinking of how he could buy more and hold for years, 4-10 years or more is good  to be taking little profit if you have been regularly and consistently buying bitcoin.

What a contradiction in your post. You said that until one have reached his accumulation taget before he should take profit and you said again that as long as an investor is consistent and regularly buying bitcoin he can also take profit. That's even if I am buying consistently and persistently for two years without reaching my bitcoin target, I can take profit which is wrong.

 No matter how regular and consistent you are with your DCA, you shouldn't sell a dime until you have reached your over accumulation stage. You don't need to focus on taking profits because it will reduce the size of your bitcoin portfolio and slow down your bitcoin accumulation pace.

Even when you have reached your over accumulation stage, you need to take little profit by using the sustainable withdrawal method so that you don't end up selling too many bitcoin too soon and start accumulating again in regrets.

[Cgrexp]

Nothing dey wrong if investor that has be buying bitcoin and has held his bitcoin for long or has reached his accumulation point to take some profit from his investment, making some profit is part of the investment, its only wrong for a new investor to be thinking of taking profit when he is suppose to be thinking of how he could buy more and hold for years, 4-10 years or more is good  to be taking little profit if you have been regularly and consistently buying bitcoin.

When an investor has reached the stage of saving, it is normal for him to take small profits. However, if a new investor thinks like this, he will not want to be in a holding mindset. Because when a new investor starts investing and sees the price increase and wants to withdraw his profits, he will have a kind of short-term profit mentality. And later, if the price increases again, he will want to withdraw his profits again. If this continues, his long-term investment will turn into trading. So I think this method is not effective for new investors. And they should maintain a regular and patient attitude.

[Mr_Brilliant$]

This is actually a good way to get your discretionary funds before month or week end that someone will receive salary or wages that is if their payment is constant and doesn't vary because of it does vary you can not be able to determine how much to allocate to some certain needs or want but on the other hand doing this because one can easily forget their needs doesn't make any sense because I wonder what will make someone forget his needs unless the person doesn't know what scale of preference is all about. A wise investor will never forget his needs whenever money comes in because he knows what will be the consequences or the damage it can cause or create of they forgot.

Whether you receive wages, salary, contracts, pay check to pay check or pension. It doesn't matter at all, what matters is that you are able to cover the necessary expenses you have and also have enough discretionary income to buy more Bitcoin. That is the most important thing here. No matter how you get your income, you can always dca if you choose to. There is no exemption to anyone as long as your income keeps coming, at the same time, your income is enough to cover your emergencies, including any other expenses for you to have discretionary income for investment.

I completely agree with you on this, whatever your source of income, the first thing to do is to ensure the necessary expenses. Then if you have discretionary income in hand, then take the next decision to manage the matter of DCA, you have to see whether you will be able to manage this DCA consistently, whether you will be able to manage the investment without destroying the continuity of this investment in any emergency situation, you have to take a good care of all these things and decide to invest here, since the journey here is long-term, so you have to consider all aspects, because deciding to sell the holding in the middle can cause losses.

This is true sha, a lot of people jump ans start DCAing without even checking if their income can keep up with it in the long run. It is easy to start, but staying consistent through emergencies or sudden expenses is where most people fail..  And honestly, that is where the real damage happens… once you are forced to sell in the middle of the journey, you basically spoil the whole plan..

So yeah, making sure your basics are covered first and knowing you can maintain it without breaking the chain is what really matters.

[Joeboy]

I'm one of those who wasted money on cigarettes and alcohol years back. But I decided to quit specially smoking and then I realized that I have a discretionary funds every week and trick my brain that instead of buying 1 pack a day or more and go out with friends to drink, then why not invest it in Bitcoin? So that was my plan and so far in the last 4 years of investing, I never touch any and instead I try to understand the way others invested that's why I'm in community. And so far from what I read it really helps a help. I'm not into flipping Bitcoin as others might be doing, like in every year or so they will just sell their Bitcoin take profits and then be happy with that. I think that is the wrong approach, or maybe I'm just a stock guy that really holds on my stocks and not going to sell for the long time. So I will apply that in Bitcoin too and see how it goes not just for me but for my family as I was thinking of building more wealth, generational wealth and I will have to thank Bitcoin with that thru DCA method.

You really took the right step of investing in Bitcoin with a long term mindset. And you should continue accumulating as you  can do, no matter how small the amount may be. And as time goess on, and you discretionary income increases, you can slowly begin adjusting your buys. And also remember that just as you are growing your investment, it is also important that you protect it. That is why having an emergency fund is very very important.....Truth is your emergency funds can be built from the same discretionary income that you use for DCA . And you can start growing your emergency funds while already accumulating bitcoin. And also don't for any reason have to pause your accumulation journey, even during those times that your discretionary income may seem small or unstable, still ensure that you keep buying even if it is in tiny bits.. .

[Grace333]

I completely agree with you on this, whatever your source of income, the first thing to do is to ensure the necessary expenses. Then if you have discretionary income in hand, then take the next decision to manage the matter of DCA, you have to see whether you will be able to manage this DCA consistently, whether you will be able to manage the investment without destroying the continuity of this investment in any emergency situation, you have to take a good care of all these things and decide to invest here, since the journey here is long-term, so you have to consider all aspects, because deciding to sell the holding in the middle can cause losses.

long term investment is not something an investor needs to get into without a proper plan on how they intend to hold there bitcoin. There should be room for an emergency funds as this will make an investor not to temper with there holding whenever they are being faced with real emergency.For it to be possible to hold bitcoin for a long term there should be need to invest using discretionary income.

A solid long term play needs two things a clear why I’m holding road map and a safety net that keeps you from having to sell when the unexpected hits so you have to know this before saying what you just said. Having an emergency fund means you can sit tight on your sats even if the car breaks down or a medical bill shows up. And using discretionary income for the regular DCA keeps your core bills and that emergency stash untouched.

Just rushing into DCA because they see others doing it, but they do not even have a real why or a cushion to fall back on is wrong.  Long term holding is not just vibes, without an emergency fund, one small life problem will push you to sell at the worst possible time, and the whole plan collapses.

I have learned that having that safety net actually gives you peace of mind to hold your Bitcoin without shaking anytime the market drops.

[Silikiem]

This is actually a good way to get your discretionary funds before month or week end that someone will receive salary or wages that is if their payment is constant and doesn't vary because of it does vary you can not be able to determine how much to allocate to some certain needs or want but on the other hand doing this because one can easily forget their needs doesn't make any sense because I wonder what will make someone forget his needs unless the person doesn't know what scale of preference is all about. A wise investor will never forget his needs whenever money comes in because he knows what will be the consequences or the damage it can cause or create of they forgot.

Whether you receive wages, salary, contracts, pay check to pay check or pension. It doesn't matter at all, what matters is that you are able to cover the necessary expenses you have and also have enough discretionary income to buy more Bitcoin. That is the most important thing here. No matter how you get your income, you can always dca if you choose to. There is no exemption to anyone as long as your income keeps coming, at the same time, your income is enough to cover your emergencies, including any other expenses for you to have discretionary income for investment.

I completely agree with you on this, whatever your source of income, the first thing to do is to ensure the necessary expenses. Then if you have discretionary income in hand, then take the next decision to manage the matter of DCA, you have to see whether you will be able to manage this DCA consistently, whether you will be able to manage the investment without destroying the continuity of this investment in any emergency situation, you have to take a good care of all these things and decide to invest here, since the journey here is long-term, so you have to consider all aspects, because deciding to sell the holding in the middle can cause losses.

This is true sha, a lot of people jump ans start DCAing without even checking if their income can keep up with it in the long run. It is easy to start, but staying consistent through emergencies or sudden expenses is where most people fail..  And honestly, that is where the real damage happens… once you are forced to sell in the middle of the journey, you basically spoil the whole plan..

So yeah, making sure your basics are covered first and knowing you can maintain it without breaking the chain is what really matters.

The DCA method of accumulating bitcoin is one of the most convenient methods of accumulating bitcoin as it allows you to accumulate bitcoin regularly at any time you’re able to figure out a discretionary income. This implies that it doesn’t count your finances or high level of income as the basis upon which you must attain in order to be able to start investing In bitcoin. The most important thing is to get started first if you’re able to figure out a discretionary income, even though your income doesn’t come regularly you can still invest In bitcoin. Along the line as time goes you can be figuring out ways to improve or increase your finances so as to keep you afloat in your bitcoin investment by regularly and consistently accumulating bitcoin and also building up your emergency funds.

[PhilosopherKing]

Nothing dey wrong if investor that has be buying bitcoin and has held his bitcoin for long or has reached his accumulation point to take some profit from his investment, making some profit is part of the investment, its only wrong for a new investor to be thinking of taking profit when he is suppose to be thinking of how he could buy more and hold for years, 4-10 years or more is good  to be taking little profit if you have been regularly and consistently buying bitcoin.

Bitcoin is a long term investment and because of that immediate profit should never be the mindset of any new investor who is just beginning in Bitcoin.  The moment new investors start having such quick profit mentality, they will begin doing all sort unnecessary bullshit like checking the price every 5 to 10 minutes to determine the best  time it is to sell off  the little they have accumulated , and at such point they are no longer investors but short term traders who are yet to understand what it takes to invest in bitcoin. Those beginners who are still fucking around with the mentality of timing the market and all other shitty and stressful things that they do, should just terminate such a mentality and focus on a on the DCA method , while using their discretionary income to invest . Doing it this way ensure that they remain relaxed and less freaked out by Bitcoin sudden price movement

[Barrykbest]

Nothing dey wrong if investor that has be buying bitcoin and has held his bitcoin for long or has reached his accumulation point to take some profit from his investment, making some profit is part of the investment, its only wrong for a new investor to be thinking of taking profit when he is suppose to be thinking of how he could buy more and hold for years, 4-10 years or more is good  to be taking little profit if you have been regularly and consistently buying bitcoin.

Bitcoin is a long term investment and because of that immediate profit should never be the mindset of any new investor who is just beginning in Bitcoin.  The moment new investors start having such quick profit mentality, they will begin doing all sort unnecessary bullshit like checking the price every 5 to 10 minutes to determine the best  time it is to sell off  the little they have accumulated , and at such point they are no longer investors but short term traders who are yet to understand what it takes to invest in bitcoin. Those beginners who are still fucking around with the mentality of timing the market and all other shitty and stressful things that they do, should just terminate such a mentality and focus on a on the DCA method , while using their discretionary income to invest . Doing it this way ensure that they remain relaxed and less freaked out by Bitcoin sudden price movement

True, beginners often lose focus by watching prices too often, but taking profit doesn’t always mean someone isn’t a serious investor. Long-term holders can also have clear exit points  for example, selling small portions at milestones or when prices hit a certain percentage gain. That’s part of managing risk and staying balanced financially.
DCA is great for building your stack, but profit-taking helps to secure the value of what you’ve built especially when it aligns with your long term plan. The problem isn’t selling; it’s selling out of panic or greed. A structured sell plan is still part of smart investing.

[Barikui1]

True, beginners often lose focus by watching prices too often, but taking profit doesn’t always mean someone isn’t a serious investor. Long-term holders can also have clear exit points  for example, selling small portions at milestones or when prices hit a certain percentage gain. That’s part of managing risk and staying balanced financially.
DCA is great for building your stack, but profit-taking helps to secure the value of what you’ve built especially when it aligns with your long term plan. The problem isn’t selling; it’s selling out of panic or greed. A structured sell plan is still part of smart investing.

Selling some part of your Bitcoin holdings or taking profit is never a problem if you have gotten to the end of your accumulation stage or gotten to that over accumulation status, where it's makes no sense in selling and taking profit is by selling prematurely when you are still in your accumulation stage or when you have not gotten to the end of your investment journey, that's where selling and taking profit is incredible bad for the growth of your investment, because by doing so it may kills your desire to accumulate even more, and buy selling and tasting profit, you may likely sell everything and become a no coiner overnight, which is incredibly wrong. So it's not a good idea to even sell when you have not gotten to the end of your accumulation journey.

[Abelly]

That's true. The whole reason for DCA is to keep stacking bitcoin overtime and not to pressure yourself into investing a fixed amount that you may not longer afford as usual. That is why investors can apply flexibility when using the DCA approach, so that it aligns and fit with their personal situation even if the buying is not consistent. E.g, a investor of bitcoin, who in the past used to invest regularly because of his stable income source, he may by chance later lose that job and start having inconsistent earnings from his side jobs. But that should not be what should go force him to completely abandon his DCA approach of accumulating. He can just simply adjust the time of his buying to match his income pattern

We think that we have to put the same amount of money into Dca, but in reality, the main strength of Dca is flexibility.
Our income will not always be the same in our lives, job loss, change of income source, new expenses will continue. But for that reason, there is no rule that requires us to stop long-term stacking.

Dca is a framework, not an obligation. Today you have a good income, today you can give $ 1000 thousand if you want, and after 10 years if your job goes away for some reason, you can't even give $ 200 even if you want, that's normal. What's important is the regularity, not the amount.

The market is also uncertain. So it's much more realistic to adjust the amount of Dca based on income. The result is less stress, less wrong decisions, and the stack continues to grow in the long run.

But at the end of the day, as much as you can, regularly without pressure, this is the real Dca!

[Cgrexp]

We think that we have to put the same amount of money into Dca, but in reality, the main strength of Dca is flexibility.
Our income will not always be the same in our lives, job loss, change of income source, new expenses will continue. But for that reason, there is no rule that requires us to stop long-term stacking.
Dca is a framework, not an obligation. Today you have a good income, today you can give $ 1000 thousand if you want, and after 10 years if your job goes away for some reason, you can't even give $ 200 even if you want, that's normal. What's important is the regularity, not the amount.
The market is also uncertain. So it's much more realistic to adjust the amount of Dca based on income. The result is less stress, less wrong decisions, and the stack continues to grow in the long run.
But at the end of the day, as much as you can, regularly without pressure, this is the real Dca!

Holding Bitcoin for a long term of 4 to 10 years or more without selling or trading is important. Some people sell for a quick profit, while others may buy for a few days and sell even if they are profitable. A good habit for new investors is to continue buying every week regardless of the price, practice strong cash flow management, and reassess the situation after investing consistently for a full cycle or longer. Continuous buying and setting a comfortable amount such as $10-$100 per week helps to develop a habit of investing.

[Qhunman]

Nothing dey wrong if investor that has be buying bitcoin and has held his bitcoin for long or has reached his accumulation point to take some profit from his investment, making some profit is part of the investment, its only wrong for a new investor to be thinking of taking profit when he is suppose to be thinking of how he could buy more and hold for years, 4-10 years or more is good  to be taking little profit if you have been regularly and consistently buying bitcoin.

When an investor has reached the stage of saving, it is normal for him to take small profits. However, if a new investor thinks like this, he will not want to be in a holding mindset. Because when a new investor starts investing and sees the price increase and wants to withdraw his profits, he will have a kind of short-term profit mentality. And later, if the price increases again, he will want to withdraw his profits again. If this continues, his long-term investment will turn into trading. So I think this method is not effective for new investors. And they should maintain a regular and patient attitude.

When a new investor starts withdrawing profits from his early Bitcoin investment instead of holding then he isn't ready to reach Over-accumulation. Over-accumulation can't be reached when he Consistently taps profits from his bitcoin holding. if this keeps happening,he will endup selling his whole Bitcoin investment which is bad. A new investor should remove his mind from any thing profit, restraint himself from taken out profits during the early stages of his investment but rather, he should concentrate on accumulating Bitcoin consistently and hold for 4-10 Years of reaching over accumulation.