Balancing Financial security and Bitcoin Accumulation

[Nightwatchmare]

You cannot invest in bitcoin with DCA and then begin getting profitted from it in a couple of days.

A person who thinks that DCa can make you rich in a few days is full of shit. DCa is not a magical or instant profit strategy. It is a steady strategy that when used can help to build wealth over the year.

People that is always checking for profit after days of buying bitcoin with DCa are not investors, they are bunch of gamblers and traders

DCA strategy is basically a long-term strategy, so expecting success in a very short time through this DCA strategy is definitely stupid. Those who basically have no idea about the strategy, they use the wrong strategy and expect the wrong results. First you need to understand how the strategy works, if you want to achieve short-term success then DCA is never suitable for you, DCA will only work for your future prospects, it will create your chances of success for the future, but it will not give you anything in the short term.

bitcoin investment is a long term investment, not only dca. the dca is just a method of buying bitcoin. there is no shot time success in bitcoin investment, you can't start now and get rich over night, if that's your ambition you will be really disappointed and at the end those set of people are the ones giving bitcoin a bad name and image in the society because they thought bitcoin will make them rich over night but when it fails they start saying is a scam and many people will believe them and start being more skeptical about bitcoin. if you are investing in bitcoin then come with a clear mindset of long term investment because there is where the success really is.

The DCA method is not an investment but it is one of the methods used in accumulating Bitcoin, and it can be used to accumulate Bitcoin for the long term. You are correct that Bitcoin is not a short term investment, and there is no method that guarantees success in short term. Bitcoin is not a quick to get rich soon scheme, so for intended investors that will invest in Bitcoin, they should have it at the back of their minds that there is no room for them to succeed in Bitcoin if they want short term profits from Bitcoin. Long term investment is the only path everyone can achieve success in Bitcoin, so it is good everyone has the conviction of investing in Bitcoin with a long term mindset in order to avoid losses in the future.

[PhilosopherKing]

Selling fixed assets such as land and houses and buying Bitcoin can be good or bad depending on the situation.

it is simply bad to sell. If you sell your houses where exactly will you and your family live? You lot should for once be realistic in what yousay. The outcome of bitcoin is not written in stones, it is not also certain, then why should anyone be gambling with their future.

Have you heard of renting and leasing? If you have then you can do away with the mindset of selling and rent(or lease) some of your property if you think that you have  lot of landed properties lying around the universe, and then allocate some of the money to bitcoin.

[Ishicryptic]

Selling fixed assets such as land and houses and buying Bitcoin can be good or bad depending on the situation.

it is simply bad to sell. If you sell your houses where exactly will you and your family live? You lot should for once be realistic in what yousay. The outcome of bitcoin is not written in stones, it is not also certain, then why should anyone be gambling with their future.

Have you heard of renting and leasing? If you have then you can do away with the mindset of selling and rent(or lease) some of your property if you think that you have  lot of landed properties lying around the universe, and then allocate some of the money to bitcoin.

There is nothing wrong with diversifying your asset if you feel that another is very profitable, if you don't have any funds to buy it you can liquidate some of the asset that you have and go into the other, afterall it's your money and you want to make profit. What matters is that you don't jump into an investment because you think that it is profitable, you need to DYOR and decide whether to go ahead or remain where your money is. Nobody can answer for you whether you should sell your property to buy Bitcoin but if the location of your property is not in a prime location that can give you profit it will make sense to buy Bitcoin with it. Likewise if you have hodl your Bitcoin for let us say 8 to 10 years you can diversify some of your profit into real estate. As a matter of fact it is risky to have all your money put inside only one investment, if it crashes you will start all over from scratch.

[liasbaa]

Selling fixed assets such as land and houses and buying Bitcoin can be good or bad depending on the situation.

it is simply bad to sell. If you sell your houses where exactly will you and your family live? You lot should for once be realistic in what yousay. The outcome of bitcoin is not written in stones, it is not also certain, then why should anyone be gambling with their future.

Have you heard of renting and leasing? If you have then you can do away with the mindset of selling and rent(or lease) some of your property if you think that you have  lot of landed properties lying around the universe, and then allocate some of the money to bitcoin.

Some emotional investors think so. They want to sell their assets and invest in Bitcoin because they can only see its progress. They check the price history of Bitcoin from the beginning and think that it will definitely increase a lot.

It cannot be said that any investment will give a guaranteed profit. You can imagine but where there is risk, you have to apply a risk tolerance policy. That means that you should not sell your assets on emotion without gaining knowledge about investing. If you are not in the right financial position, you will not be able to invest in Bitcoin. Bitcoin investment is not a miracle machine to get rich it is just a digital asset for investment. So I would say be practical and deposit Bitcoin with discretionary income plan for the long term like 4-10 years. DCA strategy is a best way to build digital wealth (Bitcoin) without destroying any other assets.

[SPIDERMAN008]

The DCA method is not an investment but it is one of the methods used in accumulating Bitcoin, and it can be used to accumulate Bitcoin for the long term. You are correct that Bitcoin is not a short term investment, and there is no method that guarantees success in short term. Bitcoin is not a quick to get rich soon scheme, so for intended investors that will invest in Bitcoin, they should have it at the back of their minds that there is no room for them to succeed in Bitcoin if they want short term profits from Bitcoin. Long term investment is the only path everyone can achieve success in Bitcoin, so it is good everyone has the conviction of investing in Bitcoin with a long term mindset in order to avoid losses in the future.

Everyone who will invest in Bitcoin should start investing with a long-term mindset. But no matter how much someone thinks before investing that "I will hold for the long term", if they start investing incorrectly, it is not possible to invest for a long time. If some things can be emphasized at the beginning of the investment, then it will be possible to invest for a long time, such as:

1. Invest with discretionary income.
2. Create a plan to protect Bitcoin holdings as much as possible by creating a backup fund.
3. Create a habit by investing by following DCA regularly.
4. Move forward with a plan to invest for 4-10 years.
5. Focus on your long-term holdings instead of looking at the price.

Only then will a long-term mindset be created through Bitcoin investment. And by investing and holding for a long time, there is a high possibility of Bitcoin giving positive feedback in the future.

[Obulis]

For investors who have been holding BTC for many years, I think using the DCA strategy is the easiest, best and safest. Because none of us can predict what will happen in the future, but we can plan for the future by guessing what will happen in the light of the current situation.

The biggest enemies of beginners are emotions, timing, overthinking and overconfidence. And because of all these problems, beginners usually buy at the top of the price but later sell at the dip because of the fear of the price falling. But DCA neutralizes these problems to a great extent. So I always advise beginners to use the DCA strategy and I follow this strategy myself.

You are right dude, DCa is the easiest and best strategy. Only jokers that still think that they can time the market in this present day. Nobody I mean nobody times the market perfectly on a consistent basis.

But in DCA people get to buy without having to make unnecessary predictions that can screw their plan.

DCA keeps this strategy stable and increases the chances of long term Survival.
 No one can time the market Perfectly in the long run. UltimAtely,The goal is to survive in the market, not to beat the Market.
 DCA is the Most Effective Way To AchieVe that Goal.

Since most investors do not have the ability to predict the future price of Bitcoin, you should invest in the DCA strategy. It works great for long term Bitcoin accumulation and survival in the market regardless of the price.

Now the strategy is to consider how you will implement this strategy. Perhaps you are new to the forum and need to learn more about investing. The DCA strategy is one of the best strategies for accumulation Bitcoin. You should aim to DCA weekly through discretionary income. This strategy will increase the frequency of Bitcoin buying regardless of the price and will gradually reduce the average price and play an effective role in reducing your financial stress.

Keep a floating fund to meet small scale emergencies or excess need and another emergency fund only for long term Bitcoin holdings. Maintain the DCA strategy for at least 4 to 10 years continuously.

Are you a soothsayer for you to predict the future of Bitcoin? Even soothsayers has made dreadful mistakes that has left people in shambles. When you say prediction, that didn't do with full know of how it will go all together but it's a matter of can be or it might not be which is not certainty. Indeed nobody can actually predict any thing that's under chance because he or she that gets it today might definitely fail tomorrow and all through the year.

DCA strategy gives room to handle the stress of doing what you can get now but might never get the rest of the year since it can meet dips. Trying to predict the market is not far from it's friends trading AKA gambling.

[Finebone]

Selling fixed assets such as land and houses and buying Bitcoin can be good or bad depending on the situation.

it is simply bad to sell. If you sell your houses where exactly will you and your family live? You lot should for once be realistic in what yousay. The outcome of bitcoin is not written in stones, it is not also certain, then why should anyone be gambling with their future.

Have you heard of renting and leasing? If you have then you can do away with the mindset of selling and rent(or lease) some of your property if you think that you have  lot of landed properties lying around the universe, and then allocate some of the money to bitcoin.

I agree to everything you said here buddy, investment in bitcoin is a very good idea, but selling off your house to invest in it doesn't sounds logical or wise because to build another house in a very good location can be very difficult, and as you  have already said, no one is certain of the future of bitcoin, so their is no guarantee that it's going to rise and get to a million dollar anytime or in the future, so selling it off just to start your accumulation doesn't seems wise, the best thing to do is to invest in bitcoin from your discretionary income either weekly or monthly, that way is more better than selling off your house to invest in bitcoin, for an investment that is not 100% guarantee.

[Hardyrobust]

Selling fixed assets such as land and houses and buying Bitcoin can be good or bad depending on the situation.

it is simply bad to sell. If you sell your houses where exactly will you and your family live? You lot should for once be realistic in what yousay. The outcome of bitcoin is not written in stones, it is not also certain, then why should anyone be gambling with their future.

Have you heard of renting and leasing? If you have then you can do away with the mindset of selling and rent(or lease) some of your property if you think that you have  lot of landed properties lying around the universe, and then allocate some of the money to bitcoin.

I agree to everything you said here buddy, investment in bitcoin is a very good idea, but selling off your house to invest in it doesn't sounds logical or wise because to build another house in a very good location can be very difficult, and as you  have already said, no one is certain of the future of bitcoin, so their is no guarantee that it's going to rise and get to a million dollar anytime or in the future, so selling it off just to start your accumulation doesn't seems wise, the best thing to do is to invest in bitcoin from your discretionary income either weekly or monthly, that way is more better than selling off your house to invest in bitcoin, for an investment that is not 100% guarantee.

It is not a good decision to sell a building/ house and then to use the money to invest in bitcoin. Bitcoin is very volatile making it to be very risky. Investing anything other than discretionary income in bitcoin isn't a good idea.Bitcoin investment doesn't guarantee Successful returns at the end of investment timeline, therefore it will be a mistake for an investor to sell buildings/properties in other to start buying/accumulating bitcoin.

[Merit.s]

1. Invest with discretionary income.
2. Create a plan to protect Bitcoin holdings as much as possible by creating a backup fund.
3. Create a habit by investing by following DCA regularly.
4. Move forward with a plan to invest for 4-10 years.
5. Focus on your long-term holdings instead of looking at the price.

Only then will a long-term mindset be created through Bitcoin investment. And by investing and holding for a long time, there is a high possibility of Bitcoin giving positive feedback in the future.

In addition to what you said, having a bitcoin target will also help a new investor stay on track on investing for long term because it will make him stay focused on accumulating without being distracted by the price of bitcoin or the size of his bitcoin portfolio and profit from selling prematurely. This is why a new investor shouldn't put profit first at the back of his mind so that he can be able to invest and build his bitcoin stash for the future.

[Joeboy]

~snip~

In addition to what you said, having a bitcoin target will also help a new investor stay on track on investing for long term because it will make him stay focused on accumulating without being distracted by the price of bitcoin or the size of his bitcoin portfolio and profit from selling prematurely. This is why a new investor shouldn't put profit first at the back of his mind so that he can be able to invest and build his bitcoin stash for the future.

To all beginner as well as anyone who hopes to hold Bitcoin for long term, having a Bitcoin target is very important. This is coz it helps them to be disciplined to focus on their accumulation instead of being tempted to sell before reaching their target.. That's being said, folks also have to understand that having a target mustn't always have to be fixed, it may very well be made flexible, this is coz there situations where someone income may improve, thereby having more money coming in. In such a situation, it is quite reasonable and understandable for folks to adjust their target and extend the period of accumulation to fit their income change

[GIF-JOBS]

Selling fixed assets such as land and houses and buying Bitcoin can be good or bad depending on the situation.

it is simply bad to sell. If you sell your houses where exactly will you and your family live? You lot should for once be realistic in what yousay. The outcome of bitcoin is not written in stones, it is not also certain, then why should anyone be gambling with their future.

Have you heard of renting and leasing? If you have then you can do away with the mindset of selling and rent(or lease) some of your property if you think that you have  lot of landed properties lying around the universe, and then allocate some of the money to bitcoin.

I agree to everything you said here buddy, investment in bitcoin is a very good idea, but selling off your house to invest in it doesn't sounds logical or wise because to build another house in a very good location can be very difficult, and as you  have already said, no one is certain of the future of bitcoin, so their is no guarantee that it's going to rise and get to a million dollar anytime or in the future, so selling it off just to start your accumulation doesn't seems wise, the best thing to do is to invest in bitcoin from your discretionary income either weekly or monthly, that way is more better than selling off your house to invest in bitcoin, for an investment that is not 100% guarantee.

It is not a good decision to sell a building/ house and then to use the money to invest in bitcoin. Bitcoin is very volatile making it to be very risky. Investing anything other than discretionary income in bitcoin isn't a good idea.Bitcoin investment doesn't guarantee Successful returns at the end of investment timeline, therefore it will be a mistake for an investor to sell buildings/properties in other to start buying/accumulating bitcoin.

I am also never in favor of this, since Bitcoin does not guarantee us to become rich, so considering the risk involved here, we must be limited to our capabilities. Because this risk may be the reason for our failure, but then if the matter is not within our capabilities and the amount of this loss exceeds our capabilities and leads to a much larger loss, then the matter may be even worse. So we must always decide to invest scientifically through our discretionary income, not by selling any asset, because everything is an asset to us and we have to protect ourselves in each relationship, if we want to create Bitcoin assets by selling another valuable asset, But due to volatility and panic selling, we may not be successful in this, then we will lose our previous assets.

[Proty]

~snip~

In addition to what you said, having a bitcoin target will also help a new investor stay on track on investing for long term because it will make him stay focused on accumulating without being distracted by the price of bitcoin or the size of his bitcoin portfolio and profit from selling prematurely. This is why a new investor shouldn't put profit first at the back of his mind so that he can be able to invest and build his bitcoin stash for the future.

To all beginner as well as anyone who hopes to hold Bitcoin for long term, having a Bitcoin target is very important. This is coz it helps them to be disciplined to focus on their accumulation instead of being tempted to sell before reaching their target.. That's being said, folks also have to understand that having a target mustn't always have to be fixed, it may very well be made flexible, this is coz there situations where someone income may improve, thereby having more money coming in. In such a situation, it is quite reasonable and understandable for folks to adjust their target and extend the period of accumulation to fit their income change

Having a good investment plan is paramount to a successful investment. Therefore I believe for an investor to be able to achieved there long term goals they should determine before hand the amount bitcoin they plan to accumulate and the time line they plan to hold before thinking of taking out profit from there investment. There should also be a kind of plan to set up a kind of backup funds incase of any challenges that may want to halt or push an investor into tempering with bitcoin investment.

[Grace333]

Selling fixed assets such as land and houses and buying Bitcoin can be good or bad depending on the situation.

it is simply bad to sell. If you sell your houses where exactly will you and your family live? You lot should for once be realistic in what yousay. The outcome of bitcoin is not written in stones, it is not also certain, then why should anyone be gambling with their future.

Have you heard of renting and leasing? If you have then you can do away with the mindset of selling and rent(or lease) some of your property if you think that you have  lot of landed properties lying around the universe, and then allocate some of the money to bitcoin.

I agree to everything you said here buddy, investment in bitcoin is a very good idea, but selling off your house to invest in it doesn't sounds logical or wise because to build another house in a very good location can be very difficult, and as you  have already said, no one is certain of the future of bitcoin, so their is no guarantee that it's going to rise and get to a million dollar anytime or in the future, so selling it off just to start your accumulation doesn't seems wise, the best thing to do is to invest in bitcoin from your discretionary income either weekly or monthly, that way is more better than selling off your house to invest in bitcoin, for an investment that is not 100% guarantee.

It is not a good decision to sell a building/ house and then to use the money to invest in bitcoin. Bitcoin is very volatile making it to be very risky. Investing anything other than discretionary income in bitcoin isn't a good idea.Bitcoin investment doesn't guarantee Successful returns at the end of investment timeline, therefore it will be a mistake for an investor to sell buildings/properties in other to start buying/accumulating bitcoin.

The major drive to a healthy bitcoin accumulation is investing off your discretionary income. Even if anyone should sell a house or building probably because they're into real estate the only permitted allocation for bitcoin accumulation should be from some part of their profit which they may consider as discretionary fund while other parts go back into the business and their basic need.
I wouldn't advise anyone to take the approach of selling their property to invest in bitcoin because after selling that property to invest what happens next when there is nothing else to sell It's better they source for another job that can generate discretionary fund after major expenses have been covered before getting started in the first place.

[Sticky Bomb]

To all beginner as well as anyone who hopes to hold Bitcoin for long term, having a Bitcoin target is very important. This is coz it helps them to be disciplined to focus on their accumulation instead of being tempted to sell before reaching their target.. That's being said, folks also have to understand that having a target mustn't always have to be fixed, it may very well be made flexible, this is coz there situations where someone income may improve, thereby having more money coming in. In such a situation, it is quite reasonable and understandable for folks to adjust their target and extend the period of accumulation to fit their income change

There is no need adjusting  your accumulation target because you suddenly have more discretionary income, it is only necessary that you increase your aggressiveness and arrive at your accumulation target faster, then you can choose to reset your target to a higher one and get back into accumulation stage or proceed into overaccumulation stage. it is only a healthy thing to do to achieve a previous milestone before setting out on a new one.

If you keep adjusting your accumulation target every time there is change of income, you might end up introducing undue pressure or overstretching yourself trying to keep up with an overly extended target, especially if income has reduced significantly and you are unwilling to reduce your target, you might even find yourself being overaggressive in your buys just to keep up, thereby defeating the purpose of DCA.

[Xackie]

You cannot invest in bitcoin with DCA and then begin getting profitted from it in a couple of days.

A person who thinks that DCa can make you rich in a few days is full of shit. DCa is not a magical or instant profit strategy. It is a steady strategy that when used can help to build wealth over the year.

People that is always checking for profit after days of buying bitcoin with DCa are not investors, they are bunch of gamblers and traders

DCA strategy is basically a long-term strategy, so expecting success in a very short time through this DCA strategy is definitely stupid. Those who basically have no idea about the strategy, they use the wrong strategy and expect the wrong results. First you need to understand how the strategy works, if you want to achieve short-term success then DCA is never suitable for you, DCA will only work for your future prospects, it will create your chances of success for the future, but it will not give you anything in the short term.

bitcoin investment is a long term investment, not only dca. the dca is just a method of buying bitcoin. there is no shot time success in bitcoin investment, you can't start now and get rich over night, if that's your ambition you will be really disappointed and at the end those set of people are the ones giving bitcoin a bad name and image in the society because they thought bitcoin will make them rich over night but when it fails they start saying is a scam and many people will believe them and start being more skeptical about bitcoin. if you are investing in bitcoin then come with a clear mindset of long term investment because there is where the success really is.

The DCA method is not an investment but it is one of the methods used in accumulating Bitcoin, and it can be used to accumulate Bitcoin for the long term. You are correct that Bitcoin is not a short term investment, and there is no method that guarantees success in short term. Bitcoin is not a quick to get rich soon scheme, so for intended investors that will invest in Bitcoin, they should have it at the back of their minds that there is no room for them to succeed in Bitcoin if they want short term profits from Bitcoin. Long term investment is the only path everyone can achieve success in Bitcoin, so it is good everyone has the conviction of investing in Bitcoin with a long term mindset in order to avoid losses in the future.

The DCA method work perfect when accumulating for a long term, not for chasing quick gains. The market fluctuate alot during the short term period, so trying to time the market is unwise. Important thing is to building a habit of buying consistently and holding over years. Long term investors doesn't care if the market is dipping in short term period, people who care are those traders who wants to make quick money. What they are looking for is the potential gains Bitcoin will give them in the next 6-10 years to come.

[PhilosopherKing]

Selling fixed assets such as land and houses and buying Bitcoin can be good or bad depending on the situation.

it is simply bad to sell. If you sell your houses where exactly will you and your family live? You lot should for once be realistic in what yousay. The outcome of bitcoin is not written in stones, it is not also certain, then why should anyone be gambling with their future.

Have you heard of renting and leasing? If you have then you can do away with the mindset of selling and rent(or lease) some of your property if you think that you have  lot of landed properties lying around the universe, and then allocate some of the money to bitcoin.

There is nothing wrong with diversifying your asset if you feel that another is very profitable,

Diversifying and the practice of reckless selling are two seperate things all together. In diversification, you wisely stretch out your risk, not selling your houses and then turning yourself into a tenant and a liability overnight. That is what I was against, when I reply to @Saltysugar99.

Bitcoin is a long term investment, you cannot get profits from it overnight. Common sense should tell anyone to question theirselff of where they will live before recklessly selling their house to investment

[Regardme]

Selling fixed assets such as land and houses and buying Bitcoin can be good or bad depending on the situation.

it is simply bad to sell. If you sell your houses where exactly will you and your family live? You lot should for once be realistic in what yousay. The outcome of bitcoin is not written in stones, it is not also certain, then why should anyone be gambling with their future.

Have you heard of renting and leasing? If you have then you can do away with the mindset of selling and rent(or lease) some of your property if you think that you have  lot of landed properties lying around the universe, and then allocate some of the money to bitcoin.

There is nothing wrong with diversifying your asset if you feel that another is very profitable,

Diversifying and the practice of reckless selling are two seperate things all together. In diversification, you wisely stretch out your risk, not selling your houses and then turning yourself into a tenant and a liability overnight. That is what I was against, when I reply to @Saltysugar99.

Bitcoin is a long term investment, you cannot get profits from it overnight. Common sense should tell anyone to question theirselff of where they will live before recklessly selling their house to investment

I strongly agree with you, bitcoin investment is a long term investment and as such requires basic knowledge and patience to be able to hold for long term, so Selling off your house in order to invest in bitcoin shouldn’t be the best practice.