Three best ways to hold bitcoin combined.

[Charcol]

When talking about ways of holding Bitcoin combined, I think we should first of all think about the comfortable living of one's life on their daily means of survival.
Because without money or fiat currency, one can never buy Bitcoin excessively not to talk about holding for a long period of time. Bitcoin miners have a lot of expenses to cover through their means of power supply through mining. If an investor have the opportunity to buy Bitcoin in bulk when the prices drops and also have extra income to manage the daily life expenditures, then one can keep holding as long as he wants. Another way is that people with enough money can buy Bitcoin regardless of the price and keep holding them for a higher price or in a percentage that is highly profitable or using the DCA method where an investor can keep buying Bitcoin in portion with their capital in every investment.one must have regular electric supply either electrical or solar source but all in high price so one can be able to cover these expenditures before thinking of holding Bitcoin for a period of long time.
Some people have sources of income which keeps them in standard supply of every of their needs and they can apply every strategies in either buying and selling or holding without fear in the future of Bitcoin or cryptocurrency.

Funny so you think that you have to be very comfortable before you can invest in Bitcoin, so we have to also have all takes to be very ok before we can talk about Bitcoin investment and if I may ask how comfortable do you think that we can be to be able to invest in Bitcoin, with this mentality of yours are you sure that you are ready to invest, hope you have heard about discreationary income as what is required for us to start investing in Bitcoin, to buy aggressively or excessively, you need to have started first athough buying aggressively is good because it helps to hasten up your Bitcoin acumulation but the major thing is to start first and you must not have it all before you start, there is discreationary income in every source of income you have, so you just need know how to figure it out, you are sounding as if an investor is expected to attain some level of financial stability before doing the needful, if that is what your mindset is telling you, i think you are very wrong and you have to rethink.

It is not true that every source of income will have discretionary income. Even if someone has a source of income, there may be nothing left after necessary expenses, loans, family, medical and emergency expenses. Remember that having income and having discretionary income are not the same thing. Even if someone's weekly income is $100, if his entire income goes to rent, food, transportation, loans, family or emergency expenses, then he does not have discretionary income to buy Bitcoin. Again, even if someone's income is irregular, if after necessary expenses and a small reserve, $10 or $20 is left, then that is his discretionary income or he can start saving with that.

[Promocodeudo]

It is not true that every source of income will have discretionary income. Even if someone has a source of income, there may be nothing left after necessary expenses, loans, family, medical and emergency expenses. Remember that having income and having discretionary income are not the same thing. Even if someone's weekly income is $100, if his entire income goes to rent, food, transportation, loans, family or emergency expenses, then he does not have discretionary income to buy Bitcoin. Again, even if someone's income is irregular, if after necessary expenses and a small reserve, $10 or $20 is left, then that is his discretionary income or he can start saving with that.

it means you don't know what you're saying, what is then the financial management we are talking about, mate in every source of income one should be able to figure out his discreationary income, I don't want to go into details of all you listed here, what you are indirectly saying is that someone must have a certain level of income flow for him to have a discreationary income which is very wrong and deceitful, just learn this today, as long as there's a source of income, discreationary income can be figured from it, for your information, what you just did is to create excuses for those with little income to find a reason why they shouldn't start investing in the first place.

[Different patterns]

Buying when prices are falling means that we are delaying investments that can actually be made right away from all the things that are actually ready. The price drop could happen but we don't know when it will happen or maybe it won't happen, as sir @jjg said below in the bolded sentence.

Guys might have lump sum amounts that could be available to invest into bitcoin (or into whatever other investment), yet they have to think about it and to ultimately authorize that value to be moved into bitcoin, and even if a person might have some lump sum amount that he later authorizes to invest into bitcoin, he might purposefully choose to consider each of the three categories of 1) buy right away 2) defer by time (aka DCA) and/or 3) defer by price (buy on dips that might not happen).

You misquoted me.  Generally, I have no problem with buying while BTC prices are falling.  From my perspective, it is problematic when newbies or no coiners wait for the BTC price to fall rather than regularly buying bitcoin, and sure, if BTC prices are falling guys can continue to buy bitcoin as the price is falling, even though one of the problems of buying while prices are falling is running out of money to buy more...

I tend to recommend not to increase aggressiveness based on BTC prices falling.  I also tend to suggest that beginners or guys in their early bitcoin accumulation stages focus on managing their funds and figuring out their budgets so that they know how much bitcoin that they are going to be able to buy every week based on how much discretionary funds that they tend to have available and how much priority they will give to bitcoin versus savings versus discretionary consumption, and so the decisions to buy and how much to buy would be structured more around cashflow concerns and availability of discretionary funds and priorities rather than concerns about whether the BTC price might be going up, down or sideways, especially for beginners.

Guys have to figure out for themselves if they believe that there is any value in trying to strategize around the BTC price rather than strategizing around ongoing, persistent, consistent, regular and perhaps even aggressive buying, and I tend to consider relatively aggressive buying to be made when guys are pretty much buying bitcoin whenever they determine that they have money available to buy rather than guys fucking around trying to strategize, which I would consider to be more whimpy buying, even though guys can do what they want, and surely I understand that guys can get pleasures from being able to buy more bitcoin with the same amount of money because they ended up catching a dip or two.. so I am not completely discouraging the ideas of buying on the dip so long as guys are regularly buying, too... since it tends to take a long time to build up bitcoin holdings, even if some guys might be able to front load^** their bitcoin investment or to lump sum^** into bitcoin from time to time, it still tends to take a long time to build up a decent sized bitcoin holdings that will likely end up giving more options when guys hold more bitcoin rather than fewer bitcoin.

**By the way, lump sum and front loading are not buying the dip techiques, even though a decent number of guys tend to think about those two techniques as if they were the same as buying the dip.

The most important thing at early stage is to always understand your finance and knowing how much discretionary income you can be able to allocate to bitcoin investment on regular basis, because I believe that the newbie’s should always build the habit of consistently accumulation of bitcoin instead of trying to react to every price movement.

Because a disciplined strategy based on cash flow and also budgeting is usually more sustainable in the long term, but trying to become more aggressive just because the price has fallen can sometimes lead many people to invest more they may need for other priorities. but having a good accumulation plan that you can maintain through bull markets and sideways market is far more better than constantly changing your buying strategy base short term price action.

[Halifat]

Yes, what I mean is like just waiting for the price to go down to buy it, on the other hand we haven't accumulated Bitcoin at all. when the price goes down, either immediately with a large amount or gradually, but we don't know when the price will go down and if it is going down there is still a possibility that it will not immediately go up again. So if you really haven't accumulated Bitcoin before, start immediately.

Waiting for the dip before buying is not just pathetic, but it's even more unwise if you a low coiner or you are just starting out your bitcoin accumulation, because your focus then should only be buying and building a reasonable stash of bitcoin, not waiting for Bitcoin to dip first before buying, because no one knows when the dip may come.
So waiting will only delay your Bitcoin accumulation, because it is a wrong way to build a big stash of bitcoin, since the size of your stash will determine how successful you are going to be in the future.

To have a reasonable amount of bitcoin or a good stash in ones portfolio, an investor needs to be consistent in buying bitcoin. Waiting for a dip to occur before buying will definitely make them not to be consistent in buying and this will affect the quantity of bitcoin they stand to have accumulated. So instead of a no coiner or a low coiner to be waiting for a dip to occur which may or may not there attention should shift towards having a good portfolio and this they can only achieve through consistent buying.

Your point is very cleared, in that case I consider such people as Procrastinator, because it is already part of them thinking they have time not knowing that time is not by their side, doing the right thing at the right moment is always the best especially when it comes to bitcoin investment. A lot of people are saying that they did not start early just because they have not accumulate more but with time they will also build their portfolio to the their expectation.

Bitcoin investment is never too late, because if you can understand the price of Bitcoin definitely you will accept that those that are even investing now are at the early stage. A lot of people are saying that Bitcoin will reach a million dollar and if you can check closely you will understand that bitcoin is still at the early stage because it all time high is still too small compared to the estimated price in future.

[Hardyrobust]

The main reason why most people like to wait for bitcoin to dip before they buy is because they want to buy when they feel the market is secure and favourable for them. So , traders mostly used this method to try to outsmart the market. They try to time the market to enter when it is favourable for them to buy low and to sell when the market seen okay for them. Fear of not losing ones income can also be part of the reason why people wait for the dip but this set of people are traders and not investor.

No person can outsmart the market, the more person will try the more they will keep failing because bitcoin price is always in a constant flux . The price of bitcoin moves wildly because it is volatile. Timing market is very stressful thing to do, and a person that is waiting for the dip to come can endlessly keep waiting because the price ongoingly moves and it dosen't stay the same forever. And that is why ongoing investment always beat waiting for the price to fall before buying.

Ongoing accumulation will make person to build their bitcoin stash up and up even though there is volatility.

it is not possible for anyone to outsmart the market because of volatility. So it is traders that often think that they can outsmart the market by trying to speculate the price of bitcoin in other to be able for them to determine when it is right for them to buy bitcoin or even when to sell. This is very risky and the chances of losing money is very high. Those that understand how bitcoin works won't really be bothered or try to speculate the market.

[Primark]

It is not true that every source of income will have discretionary income. Even if someone has a source of income, there may be nothing left after necessary expenses, loans, family, medical and emergency expenses. Remember that having income and having discretionary income are not the same thing. Even if someone's weekly income is $100, if his entire income goes to rent, food, transportation, loans, family or emergency expenses, then he does not have discretionary income to buy Bitcoin. Again, even if someone's income is irregular, if after necessary expenses and a small reserve, $10 or $20 is left, then that is his discretionary income or he can start saving with that.

it means you don't know what you're saying, what is then the financial management we are talking about, mate in every source of income one should be able to figure out his discreationary income, I don't want to go into details of all you listed here, what you are indirectly saying is that someone must have a certain level of income flow for him to have a discreationary income which is very wrong and deceitful, just learn this today, as long as there's a source of income, discreationary income can be figured from it, for your information, what you just did is to create excuses for those with little income to find a reason why they shouldn't start investing in the first place.

Everyone needs to calculate their income and expenses. If someone's income is irregular or small, they can calculate whether they have any left over after deducting their essential expenses. If they calculate and find $10 or $20 left over, that can also be used for savings because that is their discretionary income.

But you have made the matter difficult. Because just because a person has a source of income, there is no guarantee that they will be able to extract discretionary income from it. If someone's weekly income is $100 and $100 is spent on rent, food, transportation, loans, family or medical expenses, then they do not have the discretionary income to buy Bitcoin. Here, forcing them to buy Bitcoin is not saving, but putting their essential expenses at risk.

[xzone]

It is not true that every source of income will have discretionary income. Even if someone has a source of income, there may be nothing left after necessary expenses, loans, family, medical and emergency expenses. Remember that having income and having discretionary income are not the same thing. Even if someone's weekly income is $100, if his entire income goes to rent, food, transportation, loans, family or emergency expenses, then he does not have discretionary income to buy Bitcoin. Again, even if someone's income is irregular, if after necessary expenses and a small reserve, $10 or $20 is left, then that is his discretionary income or he can start saving with that.

it means you don't know what you're saying, what is then the financial management we are talking about, mate in every source of income one should be able to figure out his discreationary income, I don't want to go into details of all you listed here, what you are indirectly saying is that someone must have a certain level of income flow for him to have a discreationary income which is very wrong and deceitful, just learn this today, as long as there's a source of income, discreationary income can be figured from it, for your information, what you just did is to create excuses for those with little income to find a reason why they shouldn't start investing in the first place.

To invest, you certainly need money. Is it right to save up to buy Bitcoin when you're going to bed hungry? We have to be able to cover basic expenses. Healthcare, rent, groceries, and similar things will always be a part of our lives.
Of course, we can cut back on frivolous spending, drive an old car, not buy new clothes, and invest that budget. But basic expenses are crucial; nothing is more important than our health

[Sim_card]

Because a disciplined strategy based on cash flow and also budgeting is usually more sustainable in the long term, but trying to become more aggressive just because the price has fallen can sometimes lead many people to invest more they may need for other priorities. but having a good accumulation plan that you can maintain through bull markets and sideways market is far more better than constantly changing your buying strategy base short term price action.

The best accumulation strategy for a no coiner and someone in their early accumulation stage is DCA because it enables you to buy Bitcoin consistently and persistently every week and build your bitcoin portfolio overtime irrespective of the price of Bitcoin. With DCA, you have the opportunity to buy Bitcoin both in the bull run and in the bear market because you are buying constantly every week.

Another good way to increase your bitcoin stash faster is mixing all the three methods in your accumulation journey. As your DCA is ongoing, you can buy at the dip if you have reserve funds and lump sum right away when you have extra funds that you don't expect and have no pressing need for it.

Buying aggressively, when you can is good because it boost up your bitcoin stash faster but over doing it is the problem because you are buying beyond your discretionary income and you know the consequences of it because you will sell those coins at loss if bitcoin price is below your entry point at the time of your needs.

[Franctoshi]

Have you heard about DCA which is not something that is new? Buying bitcoin like every week or every month. This is a good strategy to buy and hold bitcoin in a way you will not think of bitcoin price falling.

The third one is lump sum when you think that bitcoin price has fallen very well, you can use the remaining part of your money to buy bitcoin.

How it works
From your 100% money you earn weekly, set 30% aside to buy bitcoin
From the 30% use just 10% from it to DCA
Use 10% to average
Use the remaining 10% which you have saved up for months to buy lump sum if bitcoin fall to like $70000.

I do not know if bitcoin will fall to $70000, but if it does not fall to that price or the price you want to lump sum, that means you still invest 20% of you money on bitcoin.

Lump-sum buying? But I believe it's still way better if we just focus on the DCA strategy and then buy aggressively when you see such a dip opportunity that you talk about, even though lump-sum buying gives you that flexibility during major market corrections.

The reason being that, in some cases, Bitcoin may never get to your lump-sum target price, because I have, on many occasions, placed orders that, up till to date, those orders never get filed because the price never gets to my targeted prices, and that's the risk part of lump-sum because in the end you may miss and not buying any Bitcoin.

[Olatundespo]

The main reason why most people like to wait for bitcoin to dip before they buy is because they want to buy when they feel the market is secure and favourable for them. So , traders mostly used this method to try to outsmart the market. They try to time the market to enter when it is favourable for them to buy low and to sell when the market seen okay for them. Fear of not losing ones income can also be part of the reason why people wait for the dip but this set of people are traders and not investor.

No person can outsmart the market, the more person will try the more they will keep failing because bitcoin price is always in a constant flux . The price of bitcoin moves wildly because it is volatile. Timing market is very stressful thing to do, and a person that is waiting for the dip to come can endlessly keep waiting because the price ongoingly moves and it dosen't stay the same forever. And that is why ongoing investment always beat waiting for the price to fall before buying.

Ongoing accumulation will make person to build their bitcoin stash up and up even though there is volatility.

it is not possible for anyone to outsmart the market because of volatility. So it is traders that often think that they can outsmart the market by trying to speculate the price of bitcoin in other to be able for them to determine when it is right for them to buy bitcoin or even when to sell. This is very risky and the chances of losing money is very high. Those that understand how bitcoin works won't really be bothered or try to speculate the market.

The mental guide for qualified investors is to continue to accumulate Bitcoin regardless of its price. The market price is determined by the demand for the product and sometimes there is temporary volatility in the market caused by whales. Your strategy in the event of price volatility will be to continue buying at each price level even though your discretionary income fluctuates. In fact most investors are not good at guessing but the strategy of accumulating Bitcoin through discretionary income makes it successful for you because you can practically get high profits in the future with the possibility of higher prices.

Trading strategy will not give practical results for Bitcoin price volatility but if you can accumulate Bitcoin in the long term in the DCA method, it will increase the amount of Bitcoin holding. Bitcoin works successfully through the management of long term investors. Sometimes lump sum buying or aggressive DCA can lead to a favorable level of Bitcoin holdings before the specified time.

[Gost ms]

It is not true that every source of income will have discretionary income. Even if someone has a source of income, there may be nothing left after necessary expenses, loans, family, medical and emergency expenses. Remember that having income and having discretionary income are not the same thing. Even if someone's weekly income is $100, if his entire income goes to rent, food, transportation, loans, family or emergency expenses, then he does not have discretionary income to buy Bitcoin. Again, even if someone's income is irregular, if after necessary expenses and a small reserve, $10 or $20 is left, then that is his discretionary income or he can start saving with that.

it means you don't know what you're saying, what is then the financial management we are talking about, mate in every source of income one should be able to figure out his discreationary income, I don't want to go into details of all you listed here, what you are indirectly saying is that someone must have a certain level of income flow for him to have a discreationary income which is very wrong and deceitful, just learn this today, as long as there's a source of income, discreationary income can be figured from it, for your information, what you just did is to create excuses for those with little income to find a reason why they shouldn't start investing in the first place.

It is not true that a person will be able to find a source of discretionary income just by having a source of income. There are many boys who earn a lot of money but cannot manage their finances properly and are not able to find a source of discretionary income. It is very important for every boy to manage their financial situation properly.

There are some boys who are very good at managing their financial situation right from their childhood. But there are some boys who cannot manage it properly, they spend a lot more money than their income. In this case, it is necessary to reduce their expenses and gradually become good at managing their financial situation properly.

[Asuspawer09]

Around 30% of your income in crypto was ideal, I mean around 20% was already enough in my opinion, In my experience you dont really want to just relay on Bitcoin or cryptocurrency alone the best way to do it as always is the safer route do not just invest everything on cryptocurrency, invest on other assets as well or hold a lot of savings, build your financial foundation like emergency funds to have a safety net.

DCA was still the best method and strategy for sure, but having it modified could surely make it even better strategy for investment. I kinda agree with some of your ways, On average, I would lower the percentage of around 20% on the crypto because it was just a risky investment overall, then stick the 80% to savings etc, and other investments. Start the DCA with a very lower amount so that I could start to leverage the drops or pump, like buying 10$ every week for example, a very low amount, but I would increase it to 15$ for example, if the market price drop a little, then just continue buying that amount if the price is going up. With this, I could minimize the risk and still invest and accumulate more, as long as I'm doing it for the long term. It is going to be easily a higher profit since I'm increasing my volume when it continues to drop.

[Silikiem]

Have you heard about DCA which is not something that is new? Buying bitcoin like every week or every month. This is a good strategy to buy and hold bitcoin in a way you will not think of bitcoin price falling.

The third one is lump sum when you think that bitcoin price has fallen very well, you can use the remaining part of your money to buy bitcoin.

How it works
From your 100% money you earn weekly, set 30% aside to buy bitcoin
From the 30% use just 10% from it to DCA
Use 10% to average
Use the remaining 10% which you have saved up for months to buy lump sum if bitcoin fall to like $70000.

I do not know if bitcoin will fall to $70000, but if it does not fall to that price or the price you want to lump sum, that means you still invest 20% of you money on bitcoin.

Lump-sum buying? But I believe it's still way better if we just focus on the DCA strategy and then buy aggressively when you see such a dip opportunity that you talk about, even though lump-sum buying gives you that flexibility during major market corrections.

The reason being that, in some cases, Bitcoin may never get to your lump-sum target price, because I have, on many occasions, placed orders that, up till to date, those orders never get filed because the price never gets to my targeted prices, and that's the risk part of lump-sum because in the end you may miss and not buying any Bitcoin.

A long term investor must not have to lump sum buy because of a target price. It must not be based on a target price but should be based on individual’s financial capabilities. For example if an investor who’s already ongoingly buying bitcoin with a DCA pattern either weekly or monthly basis and probably in some of this week’s or month, an extra at additional income is added to his income then nothing stops him from lump summing with it if he chooses to and he can do so at any market price and hold as a long term investor provided such amount he used in lump sum buying is his discretionary income. Setting a price target before buying is more like buying the dip strategy and not really lump sum strategy.

[Hardyrobust]

Have you heard about DCA which is not something that is new? Buying bitcoin like every week or every month. This is a good strategy to buy and hold bitcoin in a way you will not think of bitcoin price falling.

The third one is lump sum when you think that bitcoin price has fallen very well, you can use the remaining part of your money to buy bitcoin.

How it works
From your 100% money you earn weekly, set 30% aside to buy bitcoin
From the 30% use just 10% from it to DCA
Use 10% to average
Use the remaining 10% which you have saved up for months to buy lump sum if bitcoin fall to like $70000.

I do not know if bitcoin will fall to $70000, but if it does not fall to that price or the price you want to lump sum, that means you still invest 20% of you money on bitcoin.

Lump-sum buying? But I believe it's still way better if we just focus on the DCA strategy and then buy aggressively when you see such a dip opportunity that you talk about, even though lump-sum buying gives you that flexibility during major market corrections.

The reason being that, in some cases, Bitcoin may never get to your lump-sum target price, because I have, on many occasions, placed orders that, up till to date, those orders never get filed because the price never gets to my targeted prices, and that's the risk part of lump-sum because in the end you may miss and not buying any Bitcoin.

A long term investor must not have to lump sum buy because of a target price. It must not be based on a target price but should be based on individual’s financial capabilities. For example if an investor who’s already ongoingly buying bitcoin with a DCA pattern either weekly or monthly basis and probably in some of this week’s or month, an extra at additional income is added to his income then nothing stops him from lump summing with it if he chooses to and he can do so at any market price and hold as a long term investor provided such amount he used in lump sum buying is his discretionary income. Setting a price target before buying is more like buying the dip strategy and not really lump sum strategy.

It is not a good idea for an investor to set a buying price or desired price. Bitcoin is volatile in nature which makes this to be impossible because there is no one that can be able to time or predict the market correctly. Setting a desire price will leads to waiting instead of utilising the opportunity that the market present . Since no one can predict the future price of bitcoin correctly it will be wrong for an investor to be waiting for a desire price before buying bitcoin.
As for lump sum buying an investor can lump sum whenever they have the available or extra cash to do that and they don't need to wait for a particular price before they do so . Once they start waiting for a desire price before buying them it is no longer lump sum buying but buying the dip strategy.

[PhilosopherKing]

It is not true that every source of income will have discretionary income. Even if someone has a source of income, there may be nothing left after necessary expenses, loans, family, medical and emergency expenses. Remember that having income and having discretionary income are not the same thing. Even if someone's weekly income is $100, if his entire income goes to rent, food, transportation, loans, family or emergency expenses, then he does not have discretionary income to buy Bitcoin. Again, even if someone's income is irregular, if after necessary expenses and a small reserve, $10 or $20 is left, then that is his discretionary income or he can start saving with that.

it means you don't know what you're saying, what is then the financial management we are talking about, mate in every source of income one should be able to figure out his discreationary income, I don't want to go into details of all you listed here, what you are indirectly saying is that someone must have a certain level of income flow for him to have a discreationary income which is very wrong and deceitful, just learn this today, as long as there's a source of income, discreationary income can be figured from it, for your information, what you just did is to create excuses for those with little income to find a reason why they shouldn't start investing in the first place.

Everyone needs to calculate their income and expenses. If someone's income is irregular or small, they can calculate whether they have any left over after deducting their essential expenses. If they calculate and find $10 or $20 left over, that can also be used for savings because that is their discretionary income.

But you have made the matter difficult. Because just because a person has a source of income, there is no guarantee that they will be able to extract discretionary income from it. If someone's weekly income is $100 and $100 is spent on rent, food, transportation, loans, family or medical expenses, then they do not have the discretionary income to buy Bitcoin. Here, forcing them to buy Bitcoin is not saving, but putting their essential expenses at risk.

Yes, person can have income but at the end not be able to get discretionary income, that one is possible to happen. But when person practice good financial management, the person will be able to have discretionary income even after the amount for consumption had been set aside. Starting investment doesn't not have to be done with plenty money, as person who have small income can also ongoingly invest with whatever extra amount that is remaining and then increase the amount along the way,,

No person should force there investment and they should only invest with what they can afforded to loose.

[JayJuanGee]

Around 30% of your income in crypto was ideal,

Hopefully no one is so retarded as to consider that investing into crypto would be a good idea.

Lucky Op was talking about bitcoin, so OP may well not be confused about where to invest his money.

I mean around 20% was already enough in my opinion, In my experience you dont really want to just relay on Bitcoin or cryptocurrency alone the best way to do it as always is the safer route do not just invest everything on cryptocurrency, invest on other assets as well or hold a lot of savings, build your financial foundation like emergency funds to have a safety net.

 You seem to think that crypto and bitcoin are the same thing, and that would be really retarded to be putting money into various shitcoins and imagining them to be the same as (or sufficiently similar to) bitcoin.

DCA was still the best method and strategy for sure, but having it modified could surely make it even better strategy for investment.

Yes. DCA works for bitcoin, but it does not work for shitcoins.

For shitcoins, you need to get in and out of them, and hopefully you do not lose in the process.  That is called trading - not investing.
 

I kinda agree with some of your ways, On average, I would lower the percentage of around 20% on the crypto because it was just a risky investment overall, then stick the 80% to savings etc, and other investments. Start the DCA with a very lower amount so that I could start to leverage the drops or pump, like buying 10$ every week for example, a very low amount, but I would increase it to 15$ for example, if the market price drop a little, then just continue buying that amount if the price is going up. With this, I could minimize the risk and still invest and accumulate more, as long as I'm doing it for the long term. It is going to be easily a higher profit since I'm increasing my volume when it continues to drop.

Maybe if you could learn how to use the word bitcoin, Your ideas might start to make some sense.  Perhaps? perhaps?

[okorieemmanuel]

Around 30% of your income in crypto was ideal,

Hopefully no one is so retarded as to consider that investing into crypto would be a good idea.

Lucky Op was talking about bitcoin, so OP may well not be confused about where to invest his money.

I mean around 20% was already enough in my opinion, In my experience you dont really want to just relay on Bitcoin or cryptocurrency alone the best way to do it as always is the safer route do not just invest everything on cryptocurrency, invest on other assets as well or hold a lot of savings, build your financial foundation like emergency funds to have a safety net.

 You seem to think that crypto and bitcoin are the same thing, and that would be really retarded to be putting money into various shitcoins and imagining them to be the same as (or sufficiently similar to) bitcoin.

DCA was still the best method and strategy for sure, but having it modified could surely make it even better strategy for investment.

Yes. DCA works for bitcoin, but it does not work for shitcoins.

For shitcoins, you need to get in and out of them, and hopefully you do not lose in the process.  That is called trading - not investing.
 

I kinda agree with some of your ways, On average, I would lower the percentage of around 20% on the crypto because it was just a risky investment overall, then stick the 80% to savings etc, and other investments. Start the DCA with a very lower amount so that I could start to leverage the drops or pump, like buying 10$ every week for example, a very low amount, but I would increase it to 15$ for example, if the market price drop a little, then just continue buying that amount if the price is going up. With this, I could minimize the risk and still invest and accumulate more, as long as I'm doing it for the long term. It is going to be easily a higher profit since I'm increasing my volume when it continues to drop.

Maybe if you could learn how to use the word bitcoin, Your ideas might start to make some sense.  Perhaps? perhaps?

You guys are quite concerned about price than investing in Bitcoin itself. Bitcoin has evolved to become the number 1 cryptocurrency irrespective of it's value in price. That makes it so important. The best way to hold Bitcoin is probably to just hold Bitcoin irrespective of the price. Ensure you purchase it when the value is low . This way, you make profit regardless of price fluctuations. My opinion suggests Now as the right time to buy Bitcoin and hold it.

[yixichloro2xx]

It is not true that every source of income will have discretionary income. Even if someone has a source of income, there may be nothing left after necessary expenses, loans, family, medical and emergency expenses. Remember that having income and having discretionary income are not the same thing. Even if someone's weekly income is $100, if his entire income goes to rent, food, transportation, loans, family or emergency expenses, then he does not have discretionary income to buy Bitcoin. Again, even if someone's income is irregular, if after necessary expenses and a small reserve, $10 or $20 is left, then that is his discretionary income or he can start saving with that.

it means you don't know what you're saying, what is then the financial management we are talking about, mate in every source of income one should be able to figure out his discreationary income, I don't want to go into details of all you listed here, what you are indirectly saying is that someone must have a certain level of income flow for him to have a discreationary income which is very wrong and deceitful, just learn this today, as long as there's a source of income, discreationary income can be figured from it, for your information, what you just did is to create excuses for those with little income to find a reason why they shouldn't start investing in the first place.

Everyone needs to calculate their income and expenses. If someone's income is irregular or small, they can calculate whether they have any left over after deducting their essential expenses. If they calculate and find $10 or $20 left over, that can also be used for savings because that is their discretionary income.

But you have made the matter difficult. Because just because a person has a source of income, there is no guarantee that they will be able to extract discretionary income from it. If someone's weekly income is $100 and $100 is spent on rent, food, transportation, loans, family or medical expenses, then they do not have the discretionary income to buy Bitcoin. Here, forcing them to buy Bitcoin is not saving, but putting their essential expenses at risk.

Yes, person can have income but at the end not be able to get discretionary income, that one is possible to happen. But when person practice good financial management, the person will be able to have discretionary income even after the amount for consumption had been set aside. Starting investment doesn't not have to be done with plenty money, as person who have small income can also ongoingly invest with whatever extra amount that is remaining and then increase the amount along the way,,

No person should force there investment and they should only invest with what they can afforded to loose.

The best thing the person (if they truly made up their mind to invest in Bitcoin) can do when they receive their income, is to sort or write down the most important bill, food etc down , to know where the money is actually going into in order to see what you can trim. Maybe out of those list they wrote down there might surely be some things that aren't really essential they often spend money on. When they cut that out ,they can have something left to work with. like you said it doesn't have to be a big sum of money, the little you can bring out is enough as long you are consistent. Funny thing is some people usually thing that their bill/expenses usually take up their income but if they can actually budget and track where that money is going into they will see a lot of loophole in it. it's very vital for someone to do budgeting and tracking occasionally.
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[samadam007]

Ensure you purchase it when the value is low . This way, you make profit regardless of price fluctuations. My opinion suggests Now as the right time to buy Bitcoin and hold it.

Saying buy when it’s “low” and you will profit no matter what is straight up market timing talk and that’s risky as hell. Nobody can actually tell when Bitcoin is truly low…. it can stay down or keep dropping for ages.
And claiming “now” is the right time? Come on. There’s no such thing as the perfect or right time to buy Bitcoin. Trying to time it is how most people get wrecked.
If you really believe in Bitcoin long term, the smarter move is DCA. That way you dont stress about catching the bottom.
Just don’t try to time the market. Only put in money you can afford to lose for the long haul, and never assume profits are guaranteed. It’s as simple as that

[Dunamisx]

I do advise that when we are holding our Bitcoin, you should not allow what is happening around the internet serves as destruction to us, all we should concentrate more on is the target we are aiming, because it is always rewarding if we can continue in holding, all the fear of uncertainty demands are not what to be given attention to, knowing that when we hold, we stand to make more profit by so doing.