Balancing Financial security and Bitcoin Accumulation

[Merit.s]

How much emergency fund a person needs before starting to invest in Bitcoin is a matter of personal judgment.

If you don't have any emergency funds on ground before you decide to invest in bitcoin, that's not a problem. If your discretionary income is available, you can invest right away and build up your emergency funds simultaneously with your bitcoin investment.

I. The key is to have sufficient discretionary funds to start. However, investing with absolutely zero backup funds becomes almost like gambling.

What do you mean by sufficient discretionary income. What you need is a discretionary income as little as $10 and above in order for you to get started.

If you don't have zero discretionary income before investing, it doesn't stop you from starting with your bitcoin investment. Provided that you start building your emergency funds, the moment that you have started your bitcoin investment. You can share your discretionary income into two parts. Use one part to DCA regularly every week and the other part to build your emergency funds of at least three months of your monthly expenses.

Therefore, it is necessary to have some level of backup fund. This ensures that the investment is being made from discretionary funds and not from the  funds that cover the emergency expenses.

Whether you have a backup funds on ground before starting your investment or you don't have, you must invest from your discretionary income if not you are gambling because even your emergency funds is from your discretionary income that it must be built from. Let us not make bitcoin investment look too complicated or difficult for newbies to get started.
 

[ejikeme24]

[Edith out]

How much emergency fund a person needs before starting to invest in Bitcoin is a matter of personal judgment. Each person must determine for themselves how much emergency or backup fund they can confidently start investing and have access to sufficient discretionary funds.

for me I think it varies and perhaps there's no fixed amount that is set aside or keep as a mandate that every investors much have up to that amount in his or her emergency funds before he or she will be qualified to go into Bitcoin investment. Some people can literally get started with their Bitcoin investment maybe after investing for like 3weeks or some month that's when they would start making plans of setting up emergency funds, at first we need to focus on accumulating Bitcoin as this is the major thing that every beginners need to give more of their attention because emergency must not arise that particular time you make entry unless an investor is praying for such to happen, if not that, an investor is likely to accumulate for like 1-2 months or more before setting up emergency funds. But it is always advised to set up our emergency funds on time probably after we must have invested for one full month as we don't know what tomorrow holds.

[Bigjoe33]

How much emergency fund a person needs before starting to invest in Bitcoin is a matter of personal judgment. Each person must determine for themselves how much emergency or backup fund they can confidently start investing and have access to sufficient discretionary funds.

From your statement, you sound like it is compulsory to have a level of emergency funds before one can start investing in BTC, or your level or amount of emergency funds one has if what determines when or how one can start his investment journey, But No! That's not it. What you need to start up your investment is your discretionary income, that is the money left over after you have settled all your basic needs. At this point, the investor can now use this left over money(discretionary) to start up his investment, using the DCA strategy of accumulating Bitcoin preferably, since it allows one to buy Bitcoin in fragments weekly or so within one's means.

Emergency funds and other back up funds are very important to have as an investor, but it can be built alongside gradually as you begin your investment simultaneously. So the thought and plan of wanting to have an emergency funds first before starting your investment is a delay tactics or procrastination on the part of your investment, and believe me, you might miss out on the amount of Bitcoin you would have purchased if you started immediately using your discretionary funds to buy through the DCA strategy

[Female King]

selling bitcoin as a no coiner is a bad idea and such a person is not supposed to be called an investor but rather traders. It is obvious they are into bitcoin for short term profit.A no coiner is supposed to focus on continuous buying of bitcoin in other to be able to have a good portfolio in bitcoin. Yes the only time an investor is supposed to think of selling should be when they have reached there investment timeline and they have buy a reasonable amount then they can decide to be taking profit from there investment.

It seems like you don't even understand the term " No coiner" and if you wishes to know, a no coiner is someone that has no stash of Bitcoin, which means he has nothing to sell if he wishes to, or are you trying to talk about a low coiner?

If you are talking of a low coiner, then it would have been understandable because a low coiner is still far behind in his accumulation or no where near where he wishes to be in his accumulation journey, because the fraction of Bitcoin they are accumulating consistently are just too small,  so selling part of it would be a significant step backward for him that is trying to acquire a good stash of Bitcoin in his own the longer run, and it's never advisable to even think of that during that period, not until you have gotten to that over accumulation status.

You’re right, a no coiner have no bitcoin investment or holdings at all and at such the person can’t sell what he or she doesn’t have in their disposal. But a low coiner being referred to as someone who actually have a bitcoin holding but with a very small portfolio in his disposal. That means the person doesn’t have a strong bitcoin portfolio to enable him sell or take profit without getting to fall off or messing up his investment, and at such the individual should focus more on trying to build a very solid portfolio before thinking of taking profits or selling parts of his bitcoin investment. So In order not to mess up with our investment a low coiner who doesn’t have a strong portfolio, it’s advisable not to sell but instead focus on building a strong portfolio first

As a low coiner you don't have any business to sell your little holding or a bitcoin investor who hasn't accumulate much bitcoin or has not approach or gotten to his accumulation joint don't need to sell even small of his hodling rather he should concentrate and focus more on how he can be buying more bitcoin. If an investor has more bitcoin in his portfolio and has reach their buying target after buying bitcoin for a long time can be allowed to sell some part of their bitcoin hodling.

[Qhunman]

selling bitcoin as a no coiner is a bad idea and such a person is not supposed to be called an investor but rather traders. It is obvious they are into bitcoin for short term profit.A no coiner is supposed to focus on continuous buying of bitcoin in other to be able to have a good portfolio in bitcoin. Yes the only time an investor is supposed to think of selling should be when they have reached there investment timeline and they have buy a reasonable amount then they can decide to be taking profit from there investment.

It seems like you don't even understand the term " No coiner" and if you wishes to know, a no coiner is someone that has no stash of Bitcoin, which means he has nothing to sell if he wishes to, or are you trying to talk about a low coiner?

If you are talking of a low coiner, then it would have been understandable because a low coiner is still far behind in his accumulation or no where near where he wishes to be in his accumulation journey, because the fraction of Bitcoin they are accumulating consistently are just too small,  so selling part of it would be a significant step backward for him that is trying to acquire a good stash of Bitcoin in his own the longer run, and it's never advisable to even think of that during that period, not until you have gotten to that over accumulation status.

You’re right, a no coiner have no bitcoin investment or holdings at all and at such the person can’t sell what he or she doesn’t have in their disposal. But a low coiner being referred to as someone who actually have a bitcoin holding but with a very small portfolio in his disposal. That means the person doesn’t have a strong bitcoin portfolio to enable him sell or take profit without getting to fall off or messing up his investment, and at such the individual should focus more on trying to build a very solid portfolio before thinking of taking profits or selling parts of his bitcoin investment. So In order not to mess up with our investment a low coiner who doesn’t have a strong portfolio, it’s advisable not to sell but instead focus on building a strong portfolio first

As a low coiner you don't have any business to sell your little holding or a bitcoin investor who hasn't accumulate much bitcoin or has not approach or gotten to his accumulation joint don't need to sell even small of his hodling rather he should concentrate and focus more on how he can be buying more bitcoin. If an investor has more bitcoin in his portfolio and has reach their buying target after buying bitcoin for a long time can be allowed to sell some part of their bitcoin hodling.

I don't think it is a good idea for an investor to start selling his Bitcoin holding when he hasn't accumulated large amount of Bitcoin Anything selling must be if he already has a large Bitcoin holdings or when he has reached his Accumulation target. If he starts selling at every price increase, he will continue selling once he sees little profits. Once he has sold his bitcoin for quick-trading profit,he no longer an investor but a trader.

[Futurexxx]

I don't think it is a good idea for an investor to start selling his Bitcoin holding when he hasn't accumulated large amount of Bitcoin Anything selling must be if he already has a large Bitcoin holdings or when he has reached his Accumulation target. If he starts selling at every price increase, he will continue selling once he sees little profits. Once he has sold his bitcoin for quick-trading profit,he no longer an investor but a trader.

One bad thing about selling for minimal gain is that once you start doing that, their is no going back, because you will now be more conscious of selling once you are in profit, which is not the best way to invest in Bitcoin.
Furthermore, you spoke of not selling if you have not gotten a large amount of Bitcoin, bro that's a terrible advice because before an investor should start contemplating selling and taking profit, he should be close to the end of his accumulation journey, or at the end, not selling because his holdings is already large.

[Olatundespo]

selling bitcoin as a no coiner is a bad idea and such a person is not supposed to be called an investor but rather traders. It is obvious they are into bitcoin for short term profit.A no coiner is supposed to focus on continuous buying of bitcoin in other to be able to have a good portfolio in bitcoin. Yes the only time an investor is supposed to think of selling should be when they have reached there investment timeline and they have buy a reasonable amount then they can decide to be taking profit from there investment.

It seems like you don't even understand the term " No coiner" and if you wishes to know, a no coiner is someone that has no stash of Bitcoin, which means he has nothing to sell if he wishes to, or are you trying to talk about a low coiner?

If you are talking of a low coiner, then it would have been understandable because a low coiner is still far behind in his accumulation or no where near where he wishes to be in his accumulation journey, because the fraction of Bitcoin they are accumulating consistently are just too small,  so selling part of it would be a significant step backward for him that is trying to acquire a good stash of Bitcoin in his own the longer run, and it's never advisable to even think of that during that period, not until you have gotten to that over accumulation status.

You’re right, a no coiner have no bitcoin investment or holdings at all and at such the person can’t sell what he or she doesn’t have in their disposal. But a low coiner being referred to as someone who actually have a bitcoin holding but with a very small portfolio in his disposal. That means the person doesn’t have a strong bitcoin portfolio to enable him sell or take profit without getting to fall off or messing up his investment, and at such the individual should focus more on trying to build a very solid portfolio before thinking of taking profits or selling parts of his bitcoin investment. So In order not to mess up with our investment a low coiner who doesn’t have a strong portfolio, it’s advisable not to sell but instead focus on building a strong portfolio first

As a low coiner you don't have any business to sell your little holding or a bitcoin investor who hasn't accumulate much bitcoin or has not approach or gotten to his accumulation joint don't need to sell even small of his hodling rather he should concentrate and focus more on how he can be buying more bitcoin. If an investor has more bitcoin in his portfolio and has reach their buying target after buying bitcoin for a long time can be allowed to sell some part of their bitcoin hodling.

I don't think it is a good idea for an investor to start selling his Bitcoin holding when he hasn't accumulated large amount of Bitcoin Anything selling must be if he already has a large Bitcoin holdings or when he has reached his Accumulation target. If he starts selling at every price increase, he will continue selling once he sees little profits. Once he has sold his bitcoin for quick-trading profit,he no longer an investor but a trader.

Those who become restless to sell at the sight of small profits are traders and most of the time miss out on big opportunities in Bitcoin. You did not clarify how long you mean by accumulation target. Every Bitcoin investor should set a savings target of 2-3 cycles or 8-12 years. Before that (in 4 year a cycle) if you can build a huge holding through aggressive accumulation then you can withdraw a part of the profit but you have to maintain the continuity of accumulation. Holding Bitcoin for such a long time is related to the certainty of income flow for investors and it is a test whose results will be very sweet in the end.

[bitmover]

Up until 2020, I used $40k as the entry-level fuck you status, yet the events in and around March 2020 contributed towards my changing default entry-level fuck you status to $80k.. so the $40k was based on the passive withdrawal from a millionnaire's holdings at 4% inthe traditional system.. of course the $80k merely doubles that as a "good enough for now" adjustment.

Millionnaire and/or fuck you status has never been referring to any exact person or even myself, even though I considered as a good starting status until March 2020, and there were people who made way BIGGER adjustments in March 2020 as compared with the ones that I made.

So yeah, if anyone fucks up and measures it wrong, then he will need to make adjustments, and if he ends up having to take longer because he way overestimated (or underestimated0 then he needs to be responsible for his own oversights.

I personally use 7% per year as the adjustment once fuck you status is reached... and so yeah, getting to fuck you status (or what level constitutes fuck you status is individually determined).

I agree with your calculations, a 5-7% a year is a good adjustment. Unfortunately, this is the exactly inflation level of Brazil, it is incredible that the USD is facing similar inflation problem.

We might be facing a situation where actually it isn't the Bitcoin price that is going up, but the fiat price which is going down the road.

[Merit.s]

Those who become restless to sell at the sight of small profits are traders and most of the time miss out on big opportunities in Bitcoin. You did not clarify how long you mean by accumulation target. Every Bitcoin investor should set a savings target of 2-3 cycles or 8-12 years. Before that (in 4 year a cycle) if you can build a huge holding through aggressive accumulation then you can withdraw a part of the profit but you have to maintain the continuity of accumulation. Holding Bitcoin for such a long time is related to the certainty of income flow for investors and it is a test whose results will be very sweet in the end.

Accumulation target is not about the duration or how many circles or years you want to use to accumulate bitcoin when you are below 50 years of age. Your accumulation target should be the quantity of bitcoin you plan to accumulate. For instance, a new investor can set a target of 0.5btc and start working on accumulating that amount overtime with his regular weekly DCA consistently and persistently overtime irrespective of the numbers of years that he will use to accumulate it.

If you were able to accumulate that quantity and you still have enough time to continue your bitcoin accumulation, you can increase your target to 0.9btc and continue accumulating as you reassess your bitcoin portfolio periodically. That will make you stay focus and committed to your bitcoin accumulation, so that you know when you have reached your over accumulation stage before taking little profit using the sustainable withdrawal method.

However, if you don't have a bitcoin target and you are just accumulating, how will you know that you have more than enough bitcoin for you to take little profit from. You might end up taking profit at the wrong time thinking it's the right time and that will affect the growth of your bitcoin portfolio.

[Proty]

Those who become restless to sell at the sight of small profits are traders and most of the time miss out on big opportunities in Bitcoin. You did not clarify how long you mean by accumulation target. Every Bitcoin investor should set a savings target of 2-3 cycles or 8-12 years. Before that (in 4 year a cycle) if you can build a huge holding through aggressive accumulation then you can withdraw a part of the profit but you have to maintain the continuity of accumulation. Holding Bitcoin for such a long time is related to the certainty of income flow for investors and it is a test whose results will be very sweet in the end.

There are investors that may want to hold bitcoin throughout there life time without taking profit from there investment. This is to say it is not all investors that are into bitcoin simply for making profit. There are those that are into bitcoin investment to store value and to protect there assets from inflation .so they may not have a set time line, they may exceed the 2-3 bitcoin cycle you made mention depending on there age.

[Joeboy]

I don't think it is a good idea for an investor to start selling his Bitcoin holding when he hasn't accumulated large amount of Bitcoin Anything selling must be if he already has a large Bitcoin holdings or when he has reached his Accumulation target. If he starts selling at every price increase, he will continue selling once he sees little profits. Once he has sold his bitcoin for quick-trading profit,he no longer an investor but a trader.

One bad thing about selling for minimal gain is that once you start doing that, their is no going back, because you will now be more conscious of selling once you are in profit, which is not the best way to invest in Bitcoin.
Furthermore, you spoke of not selling if you have not gotten a large amount of Bitcoin, bro that's a terrible advice because before an investor should start contemplating selling and taking profit, he should be close to the end of his accumulation journey, or at the end, not selling because his holdings is already large.

The habit of folks selling out their Bitcoin because of small/ short term profits sounds lame, but not inescapable as you claim. That is why we have a forum like this so we all can learn and so on, so such a mentality can be corrected infact eradicated completely. And if these folks in question are able to start listening and learning from what they read, then they should be able to stay away from such sily habit. I mean this very idea of chasing short term profit has been advised against so many times by Sir Jayjuangee and others but still folks will still chose to do whatever silly thing pleases them, and at the end begin to regret.....Bitcoin is an investment scheme that only should be approached with a long term mindset. That is why the using your discretionary income is very important, so that dips wouldn't be an excuse for you to sell off before you must have reached your over-accumulation stage.

[icebar]

As a low coiner you don't have any business to sell your little holding or a bitcoin investor who hasn't accumulate much bitcoin or has not approach or gotten to his accumulation joint don't need to sell even small of his hodling rather he should concentrate and focus more on how he can be buying more bitcoin. If an investor has more bitcoin in his portfolio and has reach their buying target after buying bitcoin for a long time can be allowed to sell some part of their bitcoin hodling.

Depending on the amount of your investment, you can profit from Bitcoin in the long term. If you have a small amount of Bitcoin, there is no good profit with that money. Moreover, for those who have a small amount of Bitcoin and have discretionary income opportunity there is also a huge opportunity to grow their portfolio by doing DCA. If those who plan to invest in Bitcoin for the long term can invest regularly in the long term with some of their discretionary income, then their Bitcoin amount will definitely grow in the long term. And those who have already built a large portfolio can sell Bitcoin according to their needs if they want, but they will definitely be advised not to sell Bitcoin completely based on long-term prospects.

[JayJuanGee]

Many people think that Dca means just buying crypto

You are retarded if you believe that DCA can be used with shitcoins.

DCA works with bitcoin because bitcoin is something that you can invest into 4-10 years or longer. .and yeah, even if you are DCAing into bitcoin, you could still end up screwing it up, so DCA does not guarantee that you won't screw things up.

You are especially likely to screw matters up if you don't know the difference between bitcoin and shitcoins.  Shitcoins you likely have to get in and out of them. They are not investments, since there is no confidence with them.

Don't fuck around with shitcoins, and if you decide to trade some of that crap, then try to not put anymore than 10% of the value of your bitcoin into them, and don't cheat by continuing to put more into them when they lose value.. so careful with how much you put into any shitcoins and/or into trading.

Up until 2020, I used $40k as the entry-level fuck you status, yet the events in and around March 2020 contributed towards my changing default entry-level fuck you status to $80k.. so the $40k was based on the passive withdrawal from a millionnaire's holdings at 4% inthe traditional system.. of course the $80k merely doubles that as a "good enough for now" adjustment.

Millionnaire and/or fuck you status has never been referring to any exact person or even myself, even though I considered as a good starting status until March 2020, and there were people who made way BIGGER adjustments in March 2020 as compared with the ones that I made.

So yeah, if anyone fucks up and measures it wrong, then he will need to make adjustments, and if he ends up having to take longer because he way overestimated (or underestimated0 then he needs to be responsible for his own oversights.

I personally use 7% per year as the adjustment once fuck you status is reached... and so yeah, getting to fuck you status (or what level constitutes fuck you status is individually determined).

I agree with your calculations, a 5-7% a year is a good adjustment. Unfortunately, this is the exactly inflation level of Brazil, it is incredible that the USD is facing similar inflation problem.

We might be facing a situation where actually it isn't the Bitcoin price that is going up, but the fiat price which is going down the road.

You are belaboring the point a wee bit.

Yeah, of course, all fiats are pretty shitty these days, and even the dollar is suffering from some debasement issues that are higher than its historical amounts, yet the dollar (and the USA) have way more resources to continue to fuck with the whole world-wide system, as compared with the Brazilian Real... So in some sense, there is a BIG so what in terms of which fiat is more shitty, even though when we are dealing with multiple currencies (presuming that you have quite a few bills that are due in the Real), you still may well be attempting to hedge your bets in regards to how much you hold in the Real versus what you might hold in bitcoin or the dollar and/or your inclination to be somewhat receptive to be involved in various shitcoins.

There's probably nothing wrong with attempting to keep our eyes open in regards to how much we might keep in one currency versus another, as long as we are mostly keeping our eyes on the prize (namely bitcoin) and not getting distracted into the various arguments that suggest that bitcoin is not going up fast enough blah blah blah... since it seems to me that nothing even comes close to the level of soundness in bitcoin supply, so it is difficult to imagine that any other currency will even come close to keeping up with bitcoin, even if there may well be short term illusions and attempts to distract us into holding our bitcoin in ways to "earn yield" or other bullshit that has historically ended up separating bitcoin holders from their coins.

There could be some point that bitcoin is no longer the soundest of monies or maybe it ends up having some problems that cause it to lose value, yet in the meantime, bitcoin remains amongst the best of places to put value and it seems that bitcoin is amongst the most promising of places in which we will be able to perpetually draw a sustainable income and an income that is largely going to keep up with and/or exceed whatever debasement that we might be comparing it to. If we cannot rely on dollars then maybe we have to rely  on the number of hookers, lambo and blow that we are able to get for our bitcoin in time 1 as compared with time 2 as compared with time 3.  I think that bitcoin remains by far the strongest horse in such race, even if the measuring tools have decent potentials to be changing as we go.

Those who become restless to sell at the sight of small profits are traders and most of the time miss out on big opportunities in Bitcoin. You did not clarify how long you mean by accumulation target. Every Bitcoin investor should set a savings target of 2-3 cycles or 8-12 years. Before that (in 4 year a cycle) if you can build a huge holding through aggressive accumulation then you can withdraw a part of the profit but you have to maintain the continuity of accumulation. Holding Bitcoin for such a long time is related to the certainty of income flow for investors and it is a test whose results will be very sweet in the end.

Accumulation target is not about the duration or how many circles or years you want to use to accumulate bitcoin when you are below 50 years of age. Your accumulation target should be the quantity of bitcoin you plan to accumulate. For instance, a new investor can set a target of 0.5btc and start working on accumulating that amount overtime with his regular weekly DCA consistently and persistently overtime irrespective of the numbers of years that he will use to accumulate it.

If you were able to accumulate that quantity and you still have enough time to continue your bitcoin accumulation, you can increase your target to 0.9btc and continue accumulating as you reassess your bitcoin portfolio periodically. That will make you stay focus and committed to your bitcoin accumulation, so that you know when you have reached your over accumulation stage before taking little profit using the sustainable withdrawal method.

However, if you don't have a bitcoin target and you are just accumulating, how will you know that you have more than enough bitcoin for you to take little profit from. You might end up taking profit at the wrong time thinking it's the right time and that will affect the growth of your bitcoin portfolio.

The idea of measuring is not necessarily easy, and so the measure is probably not exactly how many bitcoin that you need, even though it might still be helpful to have a target, like you mentioned.

So maybe you might consider that a target of 0.5 bitcoin in 10 years, that might be enough to give your approximately an income of $30k per year in today's dollars, yet you are not sure whether $30k per year is going to be enough or not.. so you may well have some flexibility in your ideas about how many bitcoin you need, even though you anticipate that bitcoin is going have good chances of holding and/or growing in value at a better rate than any other place that you might consider putting your value... yet you still might have to shoot towards ballpark kinds of ideas, and reassess and remeasure from time to time.. and sure if you spend 6-8 years or more accumulating bitcoin, you likely are going to have better ideas about how much more that you need to get based on your already having had made decently good progress in the previous 6-8 years.

You could figure that you are making better progress than expected or you could end up assessing that your progress is taking longer than expected and you can consider making adjustments to your strategy based on your measured status and the extent to which you are consider that you are getting closer to your goal or not.

Historically, the way bitcoin has worked is that there tends to be a need for fewer and fewer bitcoin in order to achieve the same level of dollar income as compared with prior years, so the passage of time tends to work to our favor, even if we might be growing our bitcoin stash at a slower rate in later years as compared to how many bitcoin we were able to accumulate in earlier years.  I would also assume that after 10 years or so investing into bitcoin, we likely are capable of putting in much higher levels of dollars, even those higher levels of dollars are accumulating only a fraction of the number of satoshis that we were able to accumulate in our earlier years of stacking.

And there may even be times, along the way, that we had been able to make lump sum investments into our bitcoin, which helped us to increase our overall BTC stack size.

[Abelly]

There is some ambiguity in your paragraph where you say buying and selling Bitcoin is pointless. Investors should approach the stages of Bitcoin accumulation in such a way that they should have a mental expectation that they will have a specific target where they will allocate a portion of their income to Bitcoin accumulation on a regular basis. Having a desire to have a good Bitcoin portfolio means that you are committed to a concrete decision that not every price will be a barrier to Bitcoin accumulation. I really don't want to be disappointed because when I continue to hold Bitcoin continuously through three cycles of discretionary income and a convenient stage of investment, it is my financial ability as well as experience. A surefire success.

Many people think that Bitcoin is just a game of buying and selling, but the real power is the discipline of regular accumulation. Consistently allocating a certain portion of your income to Bitcoin means that you are moving forward with determination. Consistency is not price fluctuations, but strength. If you can consciously hold for three income cycles, both your financial strength and experience increase. This is the sure path to success until the end.

[ZeroVinsonN]

Many people think that Dca means just buying crypto

You are retarded if you believe that DCA can be used with shitcoins.

DCA works with bitcoin because bitcoin is something that you can invest into 4-10 years or longer. .and yeah, even if you are DCAing into bitcoin, you could still end up screwing it up, so DCA does not guarantee that you won't screw things up.

You are especially likely to screw matters up if you don't know the difference between bitcoin and shitcoins.  Shitcoins you likely have to get in and out of them. They are not investments, since there is no confidence with them.

Don't fuck around with shitcoins, and if you decide to trade some of that crap, then try to not put anymore than 10% of the value of your bitcoin into them, and don't cheat by continuing to put more into them when they lose value.. so careful with how much you put into any shitcoins and/or into trading.

I don't even understand why anyone would be investing in shitcoins in the first place, what exactly do they plan to gain from it on the long run, at the end of the day you will see them trying to blame their failures on others when in truth it was their fault for choosing to invest in something that will most likely fail in the short term, this is way bitcoin has always been and will always be better than all those shitcoins and why anyone who wants to invest should invest in bitcoin.

[Finebone]

I don't even understand why anyone would be investing in shitcoins in the first place, what exactly do they plan to gain from it on the long run,

Are you trying to say that you don't know why people gamble on shit coin?
If you truly don't know, the are two reasons they do that, the first one is ignorance. Newbies are the ones that falls into this category, they just invest blindly thinking that they are doing the right thing. It's when they have lost halves or even all of their money that they will learn the hard way.

The second reason is greed, you will see someone gambling with a huge amount of money because of greed for 10x to 50x, and at the end, they will start feeling regret. And the most hilarious thing about those greedy investors is that they knows how dangerous it is, but greed will cover their sense of reasoning to the extent of risking an amount they can't afford to lose, but the good thing is that majority of these people learn the hard way.

[Agbamoni]

I don't even understand why anyone would be investing in shitcoins in the first place, what exactly do they plan to gain from it on the long run, at the end of the day you will see them trying to blame their failures on others when in truth it was their fault for choosing to invest in something that will most likely fail in the short term, this is way bitcoin has always been and will always be better than all those shitcoins and why anyone who wants to invest should invest in bitcoin.

I would have said it has to be a lack of reason that is the main reason why people still invest in shitcoins, but time and time again has made it obvious that the majority of people investing in shitcoins is because of the get-rich-quick mindset, which fuels ignorance and greed. Even current bitcoin investors diversify into shitcoins, believing bitcoin is there for long-term profit while they will get rich quickly in altcoins. Have you ever asked yourself why the majority of bitcoin investors are still waiting for the altcoin season to come?

[Joeboy]

Many people think that Dca means just buying crypto

You are retarded if you believe that DCA can be used with shitcoins.

DCA works with bitcoin because bitcoin is something that you can invest into 4-10 years or longer. .and yeah, even if you are DCAing into bitcoin, you could still end up screwing it up, so DCA does not guarantee that you won't screw things up.

You are especially likely to screw matters up if you don't know the difference between bitcoin and shitcoins.  Shitcoins you likely have to get in and out of them. They are not investments, since there is no confidence with them.

Don't fuck around with shitcoins, and if you decide to trade some of that crap, then try to not put anymore than 10% of the value of your bitcoin into them, and don't cheat by continuing to put more into them when they lose value.. so careful with how much you put into any shitcoins and/or into trading.

When willl all these guys ever listen and stay away from shit coins..And sure DCA method only works well for assets that has a true long term use and value, and those guys who think otherwise simply are more lost than they even think....Still I wonder why guys will want to waste resources on gambling with so called shitcoins which has no tendency of lasting for the long term and also does not have  a real value whatsoever, when they should be focusing on DCAing into an assets such as Bitcoin which has proven itself over the years. I still think that t those who keeps gambling which shitcoin are simply those newbies that are after nothing other than quick profits and whatnot.

[laijsica]

There is some ambiguity in your paragraph where you say buying and selling Bitcoin is pointless. Investors should approach the stages of Bitcoin accumulation in such a way that they should have a mental expectation that they will have a specific target where they will allocate a portion of their income to Bitcoin accumulation on a regular basis. Having a desire to have a good Bitcoin portfolio means that you are committed to a concrete decision that not every price will be a barrier to Bitcoin accumulation. I really don't want to be disappointed because when I continue to hold Bitcoin continuously through three cycles of discretionary income and a convenient stage of investment, it is my financial ability as well as experience. A surefire success.

Many people think that Bitcoin is just a game of buying and selling, but the real power is the discipline of regular accumulation. Consistently allocating a certain portion of your income to Bitcoin means that you are moving forward with determination. Consistency is not price fluctuations, but strength. If you can consciously hold for three income cycles, both your financial strength and experience increase. This is the sure path to success until the end.

If you do some research on Bitcoin you will see that investors who stick to the DCA strategy with discretionary income are more likely to make financial gains. One of the reasons why an investor is more likely to succeed in this strategy is that the value of fiat decreases due to inflation and the failure of the centralized financial system causes it to depreciate at the end of the day. But continuously accumulating Bitcoin is a better decision than keeping excess fiat. The increasing or decreasing value of the value affects a long term Bitcoin investor only in terms of accumulation. Those investors do not focus only on making profits, they initially consider one cycle for accumulate and after successfully completing that cycle, they can continue to Bitcoin for multiple cycles. Financial and mental preparation to achieve the investment goal is the most important to complete each cycle.

[Umulala-alala]

Many people think that Dca means just buying crypto

You are retarded if you believe that DCA can be used with shitcoins.

DCA works with bitcoin because bitcoin is something that you can invest into 4-10 years or longer. .and yeah, even if you are DCAing into bitcoin, you could still end up screwing it up, so DCA does not guarantee that you won't screw things up.

You are especially likely to screw matters up if you don't know the difference between bitcoin and shitcoins.  Shitcoins you likely have to get in and out of them. They are not investments, since there is no confidence with them.

Don't fuck around with shitcoins, and if you decide to trade some of that crap, then try to not put anymore than 10% of the value of your bitcoin into them, and don't cheat by continuing to put more into them when they lose value.. so careful with how much you put into any shitcoins and/or into trading.

Sometimes i try to think why people like fucking around with shitcoins they should learn from other people mistake who invested into shitcoins and everything went down some even committed sucide, DCA strategy is BTC investor that is hodling long and not for those investing in shitcoins.
Bitcoin is trusted and there is this confidence in BTC that when it comes down it will still go up but their is no such confidence and trust in those going into shitcoins. And again if they think that they can do without shitcoins it's always advisable they do it with not more than 10% of their income, could this also be that those going into shitcoins doesn't know the difference between bitcoin and shitcoins?.