Balancing Financial security and Bitcoin Accumulation

[PhilosopherKing]

What you have said is very true, People who have been investing in bitcoin and have this little discrepancy more like a bad habit which when they are investing it could really affect themselves like someone who have some discrepancy in come that could be divided between for investment and savings and some lifestyle, when some lifestyle could actually  be a challenge, like taking alcohol, clubbing, living and extravagant lifestyle choices could actually be a problem and sometimes it’s difficult to adjust, then someone who have a good lifestyle and can control him or herself m, could actually have a better investment compared to someone who have a bad and terrible lifestyle and doesn’t have control over himself, he will sometimes need adjustment and it might as well take sometime to function properly with investing in bitcoin.

Our habits, lifestyle or whatever we wanna call it, matter a whole lot because of it's huge impact that it has on our investment. Your lifestyle may either grow your investments or get it totally fucked up without even you realizing. We are all aware that investment should be from our discretionary income, but when a guy keeps blowing the little extra cash on some dumb shit or unnecessary expenses, then he may very well prevent the growth of his investment or even ruin it entirely. People hate hearing this but investing is a true test of patient and discipline and it may very well expose your bullshit habits real fast [if you do].

[Mr_Brilliant$]

You don't need stability to get started investing in bitcoin, even though you might need to establish some level of stability in order to sustain a bitcoin investment, yet stability is not needed in the beginning and stability is not needed at all times, even though surely anyone who gets started investing into bitcoin, should have incentives to establish goals to not lose their bitcoin investment, so if they have common sense, then they should be working on creating and maintaining systems so that they do not have to put their bitcoin at risk of having to sell at a time that is not completely of their own choosing.

Everything does not have to be perfect when starting out that is why I concur that financial stability shouldn't be a necessity for investment, even though it may be needed in long run... The kind of attitude that folks brings into Bitcoin matter alot.  Though your finances may not be perfect from the start, but then if you approach Bitcoin with the intention of learning, growing and then making the adjustments in your finances and otherwise, then that's them building a better habit. And also in the course of their journey they can as well adopt more better habits of putting proper structures in place which can help protect their Bitcoin holdings.
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Yeah, at first perfection is not a requirement before you start anything in life, and waiting for financial stability as a condition can keep people stuck forever...   If someone approaches Bitcoin with the mindset of learning, growing, and gradually adjusting their finances, that will already puts them ahead of many..

They said, attitude alone still isn’t enough. Good habits have to follow the mindset. Even if finances are not perfect at the beginning, there should be some level of structure, investing only from your discretionary income and not putting yourself under pressure..  Without that, the right attitude can still lead to bad outcomes.

So yes, starting not perfect is fine, but progress should mean better discipline and planning, and stronger protection of holdings long term..

[Bigjoe33]

Of course, it is easy to buy Bitcoin at any price. But we have to be careful so that we won't just do it blindly. Understanding the market properly, helps you make smarter decisions before jumping in.

There is nothing to understand about the market mate, perhaps, a newbie investor has no knowledge about the market yet, so what does he and/or what will he understand? There is no other smart decision to make here other than been able to figure out your discretionary income and start your investment right away, and that's it, and other understanding about the market and smart decision making as you stated can be learnt alongside the line while you are already investing. The ball point here is to start with your discretionary.

Waiting to understand the market and then make smart decision as you said will only keep you away from investing in bitcoin as you may not really understand the market plus the fact that Bitcoin is always fluctauting. Just get started if you been able to figure out your discretionary

[Stormisover]

Of course, it is easy to buy Bitcoin at any price. But we have to be careful so that we won't just do it blindly. Understanding the market properly, helps you make smarter decisions before jumping in.

The basic understanding of the market that is primarily which is very important is to know that the market volatile which could either be up trend or down trend every other understanding of the market are secondary which can be learned on your way up, of course buying at any point is what is encouraged and looking at how the market works is a good advice if you ask me, the only carefulness is that the money you are using to invest is discretionary and you can afford to do away with it or afford to lose, there is no smartness trying to understand the market that is as complex as that it's unpredictability, even when people are right with their predictions most times they can't always be right all the times, you just have to know this and know peace unless you don't value your peace of mind.

[Merit.s]

Of course, it is easy to buy Bitcoin at any price. But we have to be careful so that we won't just do it blindly. Understanding the market properly, helps you make smarter decisions before jumping in. Yeah, implementing the DCA as part of strategy  is the best option in this kind of approach as it lets you build your Bitcoin stack in a steady manner without stressing over exact timing and   also it makes you avoid getting trapped by short term price movements which may results into unnecessary panicking and emotional breakdown.

Whether DCA or no DCA I think it is individuals choice to decide the method that will be faster for them while accumulating Bitcoin, DCA is not basically meant for newbies alone both Old investors can as well make use of it when necessary. However, whether newbies or not so Long as you have gotten the basic knowledge with enough discretionary income you have every right to adopt any method of your choice the reason why DCA is highly recommended is for the sake of those that doesn't have enough discretionary or a good cash flow but we shouldn't make it look as if DCA is a method that is basically meant for newbies who are getting started, to me once a newbie understand the concept of Bitcoin investment and also have the strong determination or the strength to withstand the market volatility of course he have every right to buy using any method they think is suitable for them.

Newbies are advised to use DCA strategy because they're still no coiners and they need to constantly continue stacking up their portfolio regularly every week consistently and persistently for 4-10 years and above till they reach their bitcoin target. That puts them to a good position of not waiting but buying irrespective of the amount of discretionary income they're using to buy bitcoin.

Investors with fat discretionary income also uses DCA to accumulate bitcoin. One thing you don't get about the importance of DCA is that it allows you to buy at various price levels from high to the bottom line of the dip which no one can actually time. Buying all at once, might not be helpful to your bitcoin portfolio especially, if the price of bitcoin continues to dip.

Personally, the best way to increase your bitcoin portfolio faster is by mixing all three methods provided you keep your DCA ongoing overtime because you don't need to stop buying provided your discretionary income is available. Another thing is to front load your bitcoin investment. It's good that as a new investor, you choose the right accumulation method that will continuously bring growth to your bitcoin portfolio instead, of choosing the wrong method that will limit us from continuously building our bitcoin stash.

[ASloveapg]

You don't need stability to get started investing in bitcoin, even though you might need to establish some level of stability in order to sustain a bitcoin investment, yet stability is not needed in the beginning and stability is not needed at all times, even though surely anyone who gets started investing into bitcoin, should have incentives to establish goals to not lose their bitcoin investment, so if they have common sense, then they should be working on creating and maintaining systems so that they do not have to put their bitcoin at risk of having to sell at a time that is not completely of their own choosing.

Everything does not have to be perfect when starting out that is why I concur that financial stability shouldn't be a necessity for investment, even though it may be needed in long run... The kind of attitude that folks brings into Bitcoin matter alot.  Though your finances may not be perfect from the start, but then if you approach Bitcoin with the intention of learning, growing and then making the adjustments in your finances and otherwise, then that's them building a better habit. And also in the course of their journey they can as well adopt more better habits of putting proper structures in place which can help protect their Bitcoin holdings.
.

You don't have to stabilize everything before starting, but you have to start first and stabilize everything by keeping the investment consistent. If you don't start investing here, you will fall behind, so delaying the investment for anything is not the right decision. Investment should be considered as a necessary thing, if you can charge it here, then it will give you backup in the future, like a battery. Charge it continuously for a long time, after that you keep taking backup from it.

Success can be achieved by managing investments with consistency. We have to buy small amounts gradually and maintain consistency, as a result, it will be by our side as a big backup in the future. Inflation is increasing day by day, if we want to protect ourselves from this situation, then we must buy Bitcoin and hold it patiently for a long time, as a result, it is possible to protect ourselves from inflation and profit can be expected in the long term. By maintaining consistency, buy more and more Bitcoin and holding it for a long time, it stands by us as a big backup in the future.

We will never get big success suddenly, it is necessary to give it a long term. Through consistency, patience and the right strategy, we can ensure our success in the long term, although not guaranteed, but with a high probability. We have seen how terrible inflation can be, and we also understand very well how Bitcoin can act as a strong hedge against this inflation. Bitcoin is a very promising asset in the long term, so if you can create a long-term holding mentality and maintain regular investments within your means, this decision can become a great source of financial security in the future, and at the same time it can create a very large financial foundation.

[Hardyrobust]

Of course, it is easy to buy Bitcoin at any price. But we have to be careful so that we won't just do it blindly. Understanding the market properly, helps you make smarter decisions before jumping in. Yeah, implementing the DCA as part of strategy  is the best option in this kind of approach as it lets you build your Bitcoin stack in a steady manner without stressing over exact timing and   also it makes you avoid getting trapped by short term price movements which may results into unnecessary panicking and emotional breakdown.

Whether DCA or no DCA I think it is individuals choice to decide the method that will be faster for them while accumulating Bitcoin, DCA is not basically meant for newbies alone both Old investors can as well make use of it when necessary. However, whether newbies or not so Long as you have gotten the basic knowledge with enough discretionary income you have every right to adopt any method of your choice the reason why DCA is highly recommended is for the sake of those that doesn't have enough discretionary or a good cash flow but we shouldn't make it look as if DCA is a method that is basically meant for newbies who are getting started, to me once a newbie understand the concept of Bitcoin investment and also have the strong determination or the strength to withstand the market volatility of course he have every right to buy using any method they think is suitable for them.

well the DCA strategy isn't just meant for those that have low discretionary income. There are people that do have lump sum to start with but they consider it safe to start with lower amounts using DCA strategy. So it is wrong to think that the DCA strategy is only for those with low discretionary income .
There is no strategy that isn't good for buying bitcoin it all depends on which one will go well with our financial situation and the level of our investment. It will be wrong for a no coiner or a newbie to want to start with buying the dip strategy or for someone with low discretionary income to be waiting for when they will have lump sum before they will start using lump sum strategy.

[Futurexxx]

Of course, it is easy to buy Bitcoin at any price. But we have to be careful so that we won't just do it blindly. Understanding the market properly, helps you make smarter decisions before jumping in.

There is nothing to understand about the market mate, perhaps, a newbie investor has no knowledge about the market yet, so what does he and/or what will he understand? There is no other smart decision to make here other than been able to figure out your discretionary income and start your investment right away, and that's it, and other understanding about the market and smart decision making as you stated can be learnt alongside the line while you are already investing. The ball point here is to start with your discretionary.

You are very correct on this bro, and I think we both share the same sentiment here. Their is absolutely no need in understanding the market before starting your Bitcoin accumulation journey because that alone will delay you in starting out, secondly, understanding the market and it sentiment are for traders that are looking for short term gains or those that think they can outsmart the market, not investors like us that are only thinking long term and how to accumulate a tangible stash of Bitcoin in our portfolio.

Am not saying that have the knowledge on market analysis is bad, no, what am trying to say is that as an investor that is only thinking long term, it's not needed, just buy, accumulate a huge stash of Bitcoin and hold, not need stressing yourself thinking you can outsmart the market.

[cxtreenal]

You don't need stability to get started investing in bitcoin, even though you might need to establish some level of stability in order to sustain a bitcoin investment, yet stability is not needed in the beginning and stability is not needed at all times, even though surely anyone who gets started investing into bitcoin, should have incentives to establish goals to not lose their bitcoin investment, so if they have common sense, then they should be working on creating and maintaining systems so that they do not have to put their bitcoin at risk of having to sell at a time that is not completely of their own choosing.

Everything does not have to be perfect when starting out that is why I concur that financial stability shouldn't be a necessity for investment, even though it may be needed in long run... The kind of attitude that folks brings into Bitcoin matter alot.  Though your finances may not be perfect from the start, but then if you approach Bitcoin with the intention of learning, growing and then making the adjustments in your finances and otherwise, then that's them building a better habit. And also in the course of their journey they can as well adopt more better habits of putting proper structures in place which can help protect their Bitcoin holdings.
.

You don't have to stabilize everything before starting, but you have to start first and stabilize everything by keeping the investment consistent. If you don't start investing here, you will fall behind, so delaying the investment for anything is not the right decision. Investment should be considered as a necessary thing, if you can charge it here, then it will give you backup in the future, like a battery. Charge it continuously for a long time, after that you keep taking backup from it.

Success can be achieved by managing investments with consistency. We have to buy small amounts gradually and maintain consistency, as a result, it will be by our side as a big backup in the future. Inflation is increasing day by day, if we want to protect ourselves from this situation, then we must buy Bitcoin and hold it patiently for a long time, as a result, it is possible to protect ourselves from inflation and profit can be expected in the long term. By maintaining consistency, buy more and more Bitcoin and holding it for a long time, it stands by us as a big backup in the future.

We will never get big success suddenly, it is necessary to give it a long term. Through consistency, patience and the right strategy, we can ensure our success in the long term, although not guaranteed, but with a high probability. We have seen how terrible inflation can be, and we also understand very well how Bitcoin can act as a strong hedge against this inflation. Bitcoin is a very promising asset in the long term, so if you can create a long-term holding mentality and maintain regular investments within your means, this decision can become a great source of financial security in the future, and at the same time it can create a very large financial foundation.

Most of us do not have sufficient sources of income so we do not have funds like lump sum Bitcoin investment. For small investors like us accumulation Bitcoin through DCA strategy and doing it for the long term can be one of the ways to achieve success. Large investors have a lot of funds to invest but for poor and middle income investors accumulating Bitcoin through discretionary income is the key to success.

Those who are aware of the terrible effects of inflation will never accumulate fiat they will rather start Bitcoin and continue to do DCA as long as their income flows. Each of us should keep a reserve fund to meet daily needs and we will not be able to easily get out of our government-provided financial system. The value of our cash fund is being gradually reduced by creating inflation. Our government recommends an increase in reserves through fiat accumulate in financial institutions but the value of real assets is gradually decreasing, which is the cause of inflation. So set a accumulating goal that fits your budget to grow your Bitcoin holdings.

[GIF-JOBS]

I agree with you. There are many investors who hope to make a quick profit without investing in Bitcoin for the long term. Today the price of Bitcoin is $92k. When the price of Bitcoin started to fall, there are many new investors who sold out in fear.

So what do you have to say about those investors, are you to advise those that sell in fear to continue selling in fear or is it better to make them understand that they can do anything to change the price if Bitcoin rather they should concentrate on investing more instead of investing for the purpose of making quick profit which might fail them along the line, real investors are busy acumulating Bitcoin, some other person's are there monitoring the market, Bitcoin upsurge to $94k yesterday night and i believe many sort timers that have been targeting such price has withdrawn some amount yesterday, I don't like discussing traders because it will give them the mind that they are been noticed.
I expected you to say something like if we eventually notice the price of Bitcoin dropping, we should buy more from then after all we have heard some persons say they like buying during then, why the complains again, am not advising anyone to buy at dips only, however, every opportunity should be utilize very well.

Bitcoin investment is all about opportunities, we should always buy BTC in any price we found it without complaining of bitcoin price to be too high or too low. Volatility is the way of bitcoin, bitcoin will dip and at some point it also starts to appreciate in value, when the price of bitcoin dip it gives investors the opportunity to stack more BTC while it keeps gambling complaining because bitcoin price is going below the entry point they bought, if we apply the dca strategy we can buy bitcoin at any price without waiting for the dip before buying BTC.

Of course, it is easy to buy Bitcoin at any price. But we have to be careful so that we won't just do it blindly. Understanding the market properly, helps you make smarter decisions before jumping in. Yeah, implementing the DCA as part of strategy  is the best option in this kind of approach as it lets you build your Bitcoin stack in a steady manner without stressing over exact timing and   also it makes you avoid getting trapped by short term price movements which may results into unnecessary panicking and emotional breakdown.

Those who are afraid of the slightest market volatility can never succeed in properly depositing Bitcoin. Unnecessary volatility should be completely avoided, and only investments should be made steadily, consistent and steady investment is the most advantageous strategy, and it is suitable for investors in all respects, only the DCA strategy. Those who decide to delay investment considering the price, can never maintain the stability of investment, and this becomes a reason for their backwardation or failure.

[WIYO1]

You seem to be getting it wrong, anyone who sells out their Bitcoin due to fear of the dip, in pursuit of quit profit are bunch of traders. So why don't you use the right word rather than calling them investors. Most of these traders are used to filling up their head with all this shitty mentality of them being smart, when unknownly to them they are only as dumb as f**k. So why don't you just call a spade a spade- Investors accumulates while traders freak out and sell during dips or to make quick profit.

I totally understand where this frustration comes from and, in all honesty, the difference between being an investor and being a trader is important. Investors think about the long-term future value of Bitcoin when making decisions, while traders act/react to the current price volatility in their respective markets. Investors typically look at price declines as an opportunity to buy more Bitcoin without getting into a panic mode, while traders tend to be more focused on short-term price movements, fear that their investments will go down in value and a desire to profit quickly. As a result, in a declining market, traders often find themselves buying and selling out of emotion rather than sticking to their defined plan. When you label everyone as an "investor", it muddies the waters regarding this difference. The way you choose to refer to someone indicates what you think about them and their mindset.

[JayJuanGee]

[edited out]

Most of us do not have sufficient sources of income so we do not have funds like lump sum Bitcoin investment. For small investors like us accumulation Bitcoin through DCA strategy and doing it for the long term can be one of the ways to achieve success. Large investors have a lot of funds to invest but for poor and middle income investors accumulating Bitcoin through discretionary income is the key to success.

I don't really like the way you negate the idea of lump sum for poor people cxtreenal, even if you are technically correct in your description.

Yes.  You are correct in part, in regards to the fact of the matter is that an overwhelming majority of normal people have to figure out ways to invest into bitcoin from their rolling in stream of income, and they likely do not have a lot of money just sitting around wondering how to be used.  Accordingly, poor people may well not have frequent occasions in which lump sum is applicable to their situation.

Yet the ideas of lump sum can be considered in a variety of contexts and we should not be precluding our brain to the idea that lump sum might become applicable in our lives and to our situation, including someone, for example, who might only make $400 per month, and then perhaps he ONLY has around $10 per week that he is able to invest into bitcoin, yet even such poor guy might come across some extra money every once in a while... and then when he does come across the extra money he should not freeze from terror or indecision, since he has to figure out what to do with that extra money that had come available to him and within his control, even if it is not a large amount.

Let me flesh this out and hypothesize that we have a guy who makes $400 per month and he has around $20 to $30 discretionary income per week, and so over the past 2-ish years he had been buying $10 per week of bitcoin, so up until now, his bitcoin stash has grown to nearly $1k... and perhaps he has back up funds that are around $500.. so he is feeling pretty good about everything in his finances based on his limited income, and maybe all of a sudden this guy receives an extra $400.. what is he going to do with such extra and unexpected $400?  

The guy already has systems in place for buying bitcoin since he had been putting such systems into practice for 2-ish years, and he also has put together some back up funds (since he currently has $500 in his back up funds).. so he can figure what he is going to do with the extra $400 that has come to him.. and yeah, maybe this does not happen to him very often, so he might have to pause in order to give considerable thoughts about what to do with this fortunate situation that he finds himself.

Accordingly, he has come across a situation in which he has the extra $400 in funds, and even though such great circumstances does not happen frequently, he should be prepared to consider the categories of what to do, which is 1) invest, 2) save and/or 3) consume.. and within investment option he has the option to 1) buy right away, 2) to DCA, and/or 3) to buy dips..

It is good to have options, even though sure, it might not be very often for some guys (especially poor guys) that the opportunity comes to have extra funds available.. yet when the time comes and some extra money has come in, then it is good to have some preparation and to give it some thought and not to get shocked or emotional about identifying and considering the options that are available.

I was largely objecting to your framing of the idea that since lump sum rarely happens to poor people, which you seem to be suggesting that lump sum is not applicable, even though lump sum is applicable, even if the situation does not happen very often for poor people. 

Of course, you are correct that the most applicable systematic way of buying bitcoin is DCA, especially for poor people and especially for people who mostly rely on their incoming income in order to invest because DCA applies to a lot of situations based on abilities to customize the amount based on frequency of pay and amount of pay and other fluctuations that might happen in a person's discretionary income (whether poor or not), yet from my perspective, even poor people need to be ready, willing and able to deal with extra funds when they do end up coming in, even if such extra funds do not come available often and even if the amounts of the extra funds might not be large. 

Lump sums can happen to anyone, and they likely do happen to some folks without their realizing it, and so if you are not paying attention, then you might not notice that some lump sum opportunities had come available.. Also, if you do not already have a good system of buying bitcoin in place, then you also might not know the difference between whether your funds are discretionary or not and you might not adequately know the various limitations and options that go along with any extra funds that come into your control and availability.

Those who are aware of the terrible effects of inflation will never accumulate fiat they will rather start Bitcoin and continue to do DCA as long as their income flows.

We need to keep some quantity of cash on hand in order to cover fluctuations in income, mistakes and/or unexpected increases in expenses and/or lowering of income.  The greater our bitcoin grows, the more likely we need to keep more cash so that we are protecting our bitcoin, yet there still can be dilemmas regarding how much cash to keep, and poor people frequently make mistakes of not keeping enough, and so they end up having to sell some or all of their bitcoin at a time that is not of their choosing and largely because they did not manage their cashflow holdings adequately.  

It is difficult for poor people to get ahead, and it is even more difficult if they don't adequately protect themselves.. and make sure that their bitcoin continues to grow, even if the amounts seem small and slowly growing.

Each of us should keep a reserve fund to meet daily needs and we will not be able to easily get out of our government-provided financial system. The value of our cash fund is being gradually reduced by creating inflation.

You are right.. . This is another problem.. The longer that we are building our bitcoin holdings and maintaining our cash reserves, the more and more likely that we have to hold more and more cash merely to cover the same amount of expenses.. so if we are used to keeping 2-3 months of expenses in cash and historically that had been $600, a couple of years later, we might come to realize that we need to keep $800 or $900, just to be in a similar position of comfort as we had been previously... and part of the explanation is that the government ongoingly debasing the currency through its money printing practices.

Our government recommends an increase in reserves through fiat accumulate in financial institutions but the value of real assets is gradually decreasing, which is the cause of inflation. So set a accumulating goal that fits your budget to grow your Bitcoin holdings.

Cash tends to decrease the most in value, so those people who are able to hold assets are likely to not suffer as much from the government's printing behaviors.

[Sticky Bomb]

Of course, it is easy to buy Bitcoin at any price. But we have to be careful so that we won't just do it blindly. Understanding the market properly, helps you make smarter decisions before jumping in. Yeah, implementing the DCA as part of strategy  is the best option in this kind of approach as it lets you build your Bitcoin stack in a steady manner without stressing over exact timing and   also it makes you avoid getting trapped by short term price movements which may results into unnecessary panicking and emotional breakdown.

Whether DCA or no DCA I think it is individuals choice to decide the method that will be faster for them while accumulating Bitcoin, DCA is not basically meant for newbies alone both Old investors can as well make use of it when necessary. However, whether newbies or not so Long as you have gotten the basic knowledge with enough discretionary income you have every right to adopt any method of your choice

I might have some problems trying to figure out what you mean by "enough discretionary income". There is nothing like that, as long as the investor identifies with having discretionary income, then he is ready to start buying and holding bitcoin, waiting for your discretionary income to be "enough" might be deceiving yourself, delaying your investment and wasting unnecessary time when you should've used available discretionary income to follow up your buys consistently

the reason why DCA is highly recommended is for the sake of those that doesn't have enough discretionary or a good cash flow but we shouldn't make it look as if DCA is a method that is basically meant for newbies who are getting started, to me once a newbie understand the concept of Bitcoin investment and also have the strong determination or the strength to withstand the market volatility of course he have every right to buy using any method they think is suitable for them.

This is not also true if you meant large discretionary income, Investors that have large funds available also uses DCA strategy in their purchases and Yes, it is possible to combine more than one accumulation strategy. You can combine Lump summing and DCA, buying with higher amounts periodically.

[Emjay24]

the reason why DCA is highly recommended is for the sake of those that doesn't have enough discretionary or a good cash flow but we shouldn't make it look as if DCA is a method that is basically meant for newbies who are getting started, to me once a newbie understand the concept of Bitcoin investment and also have the strong determination or the strength to withstand the market volatility of course he have every right to buy using any method they think is suitable for them.

This is not also true if you meant large discretionary income, Investors that have large funds available also uses DCA strategy in their purchases and Yes, it is possible to combine more than one accumulation strategy. You can combine Lump summing and DCA, buying with higher amounts periodically.

You are correct, there are familiar examples to this statement which is Micro Strategy which accumulates large amounts of bitcoin at intervals with their recent buy of 10,624 bitcoins for $962.7 million just last week, now their total purchases is 660,624 coins averaging at $74,696 each.

A second one is El Salvador which buys bitcoin every day for their DCA but took advantage of the dip and bought 1,090 at roughly $100 million last month as bitcoin price dip below $90k and this has not deterred in any way their buying one bitcoin every day DCA.

I agree that DCA is for everybody irrespective of the quantity of funds available to the investor.

[Bigjoe33]

I agree that DCA is for everybody irrespective of the quantity of funds available to the investor.

To an extent, some folks would want to limit the DCA strategy of buying Bitcoin to only newbies and/or investors who do not have good cash flow or income, stating that big time investors with much income would rather buy aggressively form the Dip or buy a lump sum, leaving the DCA just for newbies since it allows little buys as low as $10 for low income earners. But this is a wrong thought, as both newbies, old time investors, low income and high income earners are free, permitted to use the DCA strategy of accumulating Bitcoin since it makes investment more easier.

It is even better and makes Bitcoin accumulation move faster when an investor has an ongoing and/or running DCA buys weekly and also buys the Dip or a lump sum if he has extra cash to perform such task  so the DCA makes it easier and is workable for all investors

[cxtreenal]

Those who are aware of the terrible effects of inflation will never accumulate fiat they will rather start Bitcoin and continue to do DCA as long as their income flows.

We need to keep some quantity of cash on hand in order to cover fluctuations in income, mistakes and/or unexpected increases in expenses and/or lowering of income.  The greater our bitcoin grows, the more likely we need to keep more cash so that we are protecting our bitcoin, yet there still can be dilemmas regarding how much cash to keep, and poor people frequently make mistakes of not keeping enough, and so they end up having to sell some or all of their bitcoin at a time that is not of their choosing and largely because they did not manage their cashflow holdings adequately.  

It is difficult for poor people to get ahead, and it is even more difficult if they don't adequately protect themselves.. and make sure that their bitcoin continues to grow, even if the amounts seem small and slowly growing.

You are right. The poor may not have enough reserve funds to protect their Bitcoin holdings. They are so inclined to Bitcoin that they will run away in times of emergency if they do not have the reserve funds. That is why the poor should keep a reserve fund along with their Bitcoin accumulation so that they do not need to withdraw it in special situations/emergencies. The amount of reserve fund we need to keep to protect our Bitcoin is a plan based on our income. It may be 2-3 months maximum for family needs, although many may think this amount negligible but I think this will be enough to meet my family's daily budget.

Of course, we need to have a strategy that keeps the Bitcoin accumulation flowing for as long as they have a source of income. It is not easy for the poor but only those poor people who want to change their future financial situation will give more importance to Bitcoin. As a result of this motivation, they continue to increase and hold on to Bitcoin more tightly. Although the amount of Bitcoin deposited is not very large, the small size gradually increases over time.

[durg0319]

Of course, we need to have a strategy that keeps the Bitcoin accumulation flowing for as long as they have a source of income. It is not easy for the poor but only those poor people who want to change their future financial situation will give more importance to Bitcoin. As a result of this motivation, they continue to increase and hold on to Bitcoin more tightly. Although the amount of Bitcoin deposited is not very large, the small size gradually increases over time.

‎I like the idea of keeping things steady and realistic. Bitcoin always rewards people who exercise patience and keeps investing consistently even with small amounts. Nobody starts big overnight, especially when income is tight. What matters is the habit and mindset behind the buying, not the size at the beginning. Small, regular buys build discipline and confidence over time. When income improves, the structure is already there, and holding becomes easier without stress or pressure.

[JayJuanGee]

Those who are aware of the terrible effects of inflation will never accumulate fiat they will rather start Bitcoin and continue to do DCA as long as their income flows.

We need to keep some quantity of cash on hand in order to cover fluctuations in income, mistakes and/or unexpected increases in expenses and/or lowering of income.  The greater our bitcoin grows, the more likely we need to keep more cash so that we are protecting our bitcoin, yet there still can be dilemmas regarding how much cash to keep, and poor people frequently make mistakes of not keeping enough, and so they end up having to sell some or all of their bitcoin at a time that is not of their choosing and largely because they did not manage their cashflow holdings adequately.  

It is difficult for poor people to get ahead, and it is even more difficult if they don't adequately protect themselves.. and make sure that their bitcoin continues to grow, even if the amounts seem small and slowly growing.

You are right. The poor may not have enough reserve funds to protect their Bitcoin holdings. They are so inclined to Bitcoin that they will run away in times of emergency if they do not have the reserve funds. That is why the poor should keep a reserve fund along with their Bitcoin accumulation so that they do not need to withdraw it in special situations/emergencies. The amount of reserve fund we need to keep to protect our Bitcoin is a plan based on our income. It may be 2-3 months maximum for family needs, although many may think this amount negligible but I think this will be enough to meet my family's daily budget.

Of course, we need to have a strategy that keeps the Bitcoin accumulation flowing for as long as they have a source of income. It is not easy for the poor but only those poor people who want to change their future financial situation will give more importance to Bitcoin. As a result of this motivation, they continue to increase and hold on to Bitcoin more tightly. Although the amount of Bitcoin deposited is not very large, the small size gradually increases over time.

Even if a poor person might make less than $10k per year, and he might be stacking away $10 per week for many years, he may or may not get to a point that he can completely replace his income, yet he may well get to a place where his bitcoin is able to put him in a better place in his elderly years and during those times that he is no longer able to work so that he can have less worries about being able to continue to feed himself, to get lodging and some of the basic needs that he is going to continue to have and we cannot really know how much any guys are able to buttress up their lives and/or to improve their situations based on their having had stacked bitcoin to end up putting themselves into a better position, even if the amount might not be enough to completely sustain them.

[Joeboy]

Even if a poor person might make less than $10k per year, and he might be stacking away $10 per week for many years, he may or may not get to a point that he can completely replace his income, yet he may well get to a place where his bitcoin is able to put him in a better place in his elderly years and during those times that he is no longer able to work so that he can have less worries about being able to continue to feed himself, to get lodging and some of the basic needs that he is going to continue to have and we cannot really know how much any guys are able to buttress up their lives and/or to improve their situations based on their having had stacked bitcoin to end up putting themselves into a better position, even if the amount might not be enough to completely sustain them.

I get you Sir. And your explanation further buttresses the fact that Bitcoin investment isn't only for the rich folks. Folks with little income can still participate in Bitcoin investment even though they may be having a small investment size (like $10-$15)at the start. But still I believe that holding a small amount/being a low- coiner is far more better than being a no- coiner with zero exposure.....Everyone situation is different that for sure so it may be really hard to generalize. But then I still remain certain of the fact that if an investor consistently save even a small amount in Bitcoin, overtime that small buys will become relevant, meaningful and helpful in the future. And these poor folks may even very well increase the level of their discretionary income overtime, by cutting down any unnecessary expenses if there is any or even getting other income stream if possible.

[JayJuanGee]

Even if a poor person might make less than $10k per year, and he might be stacking away $10 per week for many years, he may or may not get to a point that he can completely replace his income, yet he may well get to a place where his bitcoin is able to put him in a better place in his elderly years and during those times that he is no longer able to work so that he can have less worries about being able to continue to feed himself, to get lodging and some of the basic needs that he is going to continue to have and we cannot really know how much any guys are able to buttress up their lives and/or to improve their situations based on their having had stacked bitcoin to end up putting themselves into a better position, even if the amount might not be enough to completely sustain them.

I get you Sir. And your explanation further buttresses the fact that Bitcoin investment isn't only for the rich folks. Folks with little income can still participate in Bitcoin investment even though they may be having a small investment size (like $10-$15)at the start. But still I believe that holding a small amount/being a low- coiner is far more better than being a no- coiner with zero exposure.....Everyone situation is different that for sure so it may be really hard to generalize. But then I still remain certain of the fact that if an investor consistently save even a small amount in Bitcoin, overtime that small buys will become relevant, meaningful and helpful in the future. And these poor folks may even very well increase the level of their discretionary income overtime, by cutting down any unnecessary expenses if there is any or even getting other income stream if possible.

One of the significant and ongoing challenges for the poor person is to not tap into his bitcoin investment and to be able to both build the bitcoin investment (by adding to it) and not tap into it for 10 years or longer, and so if the poor person is struggling and then sometimes changing jobs or losing his income source and then maybe sometimes getting an income source back, he has to figure out ways so that he does not end up tapping into his bitcoin at a time that is not completely of his own choosing, and so he has to figure out ways that he is able to continue to pay his expenses so that he is not tempted to tap into his bitcoin investment prior to the running of the 10 years or more or whatever might be the building up timeline. 

it is hard to give answers for guys in this situation, and surely sometimes we might need guys to describe some specific examples if we might be striving to figure out how guys might work through tough situations once they start or even how guys ,might try to prepare themselves for those situations, and many guys here likely end up suggesting that guys are able to replace their income source in the event that it dries up... which sure that could be one practical solution that guys have so that they are not tempted to tap into their bitcoin investment and they can keep adding to their bitcoin investment even though they realize that they are pretty poor in terms of not having a lot of discretionary income and even maybe having challenges to build up back up funds so that they can not be stressed out during fluctuations in their cashflow situations when they might have times that their income goes down and/or their expenses go up.

I frequently suggest that guys try to figure out how to get into higher paying fields, yet I also understand that my suggestion might not be practical for some guys, so they still have to end up going with what they believe to be practical and/or realistic in consideration of the circumstances that they find themselves... which is true that sometimes guys might have to figure out if their might be options that they had not previously considered, yet guys might also find themselves having ONLY so many options in terms of the kinds of work that they believe that they are able to do or able to train to do.