Three best ways to hold bitcoin combined.

[obuoma]

Your argument makes no sense, and someone that don’t know what financial situation means shouldn’t be giving investment advice. You’re basically saying investor situation does not matter, at the same time telling them to figure out their discretionary income before investing. Think about it??
How do you think a person figures out discretionary income? The moment you say someone should first identify their discretionary income, you’ve already brought their “financial situation” into the discussion. Discretionary income is determined by a person income, expenses and financial obligation. Two people can can both DCA, but their available amount, frequency and ability to sustain that accumulation can be completely different.

You just want to confuse people with your rhetoric with this idea of financial situation. If I can figure out my discretionary income, why do I have to turn it into financial situation that is vague and sound more of an excuse than anything. When an investor receive inflow like salary, the moment he is able to remove the money for his basic needs, whatever is left is the discretionary income. After arriving at this point, it become easier for the investor to begin to allocate funds into investment, emergency funds and other protective funds. The process have to be easy and not  subjective and complicated.

The issue is sustainability. It’s not enough to say “I have discretionary income, so I should put it all ito Bitcoin”. Part of the money may also need to cover your savings, emergencies and other important needs. If someone puts too much into Bitcoin and later need that money, he may be forced to sell

You seems to be making serious mistakes in your reasoning because I don't see where anyone says that an investor can put all his discretionary income into Bitcoin. It is part of the discretionary income that should be invested into Bitcoin, some part will serve as emergency funds, while some part of it will serve as reserve funds and any other words coined to make the investment process seamless and hassle free.

[Proty]

Yes, in addition to using DCA, consistency and allowing more time to analyze Bitcoin price movements are also factors that help investors identify the right moment to buy. After all, most beginners simply engage in FOMO without conducting such extensive analysis. This FOMO leads to losses due to a lack of proper calculations and/or strategies for determining the right time to buy and sell within a difficult-to-predict timeframe.

An investor never needs to analyze the market. If a person analyzes the market and focuses more on the price of Bitcoin, then he may not be able to hold his holding for a long time due to fear. Because when a person analyzes the market too much, he may become greedy and sometimes he may be afraid of seeing a fall. As soon as a person becomes greedy, he may be interested in withdrawing his profit or selling his investment. So always keep yourself away from analyzing the market and continue buying continuously.

Without looking at the price in the market, buying after a certain time is the best, one, decision.

There is no need for long term investors to be analysing the market before buying bitcoin. It is mostly those that are into trading that will spend time trying to analyse the market before buying, so that they can buy at a perfect entry price. However, it is not possible for anyone to outsmart the market, for this I consider those that are trying to analyse the market to be wasting time and opportunity. Those that are going into bitcoin for long term are supposed to focus on consistent accumulation of bitcoin and not to waiting for a perfect entry price that may never happen.

Analysing the market brings more effective DCA strategy, your result won't be the same as someone who is DCAing into Bitcoin from 126k top, it still makes no sense to do so because you have no clue what's happening.

Learning how the market and chart works is something a beginner must learn over time, it's going to be useful for them in the long run since they won't be stopping to DCA any time soon.

Someone who have been buying since 126k can't be compared to someone who started buying at 60k+, we sure know who is more smarter between the two, just because you plan to hold for long term doesn't mean you should be buying blindly.

DCA strategy has nothing to do with analysing the market, therefore you are to think that market analysis makes DCA strategy to be effective. The moment you start analysing the market, you will start waiting for a desire price before you buy bitcoin,  at this point it is no longer DCA strategy but rather buying the dip strategy that you are making use of.
As longer a newbie is not planning to trade bitcoin, it is not a must for them to learn how to read chart or how to analyse the market and this won't affect them since they are investing in bitcoin for a long term.

[PhilosopherKing]

Analysing the market brings more effective DCA strategy, your result won't be the same as someone who is DCAing into Bitcoin from 126k top, it still makes no sense to do so because you have no clue what's happening.

Learning how the market and chart works is something a beginner must learn over time, it's going to be useful for them in the long run since they won't be stopping to DCA any time soon.

Someone who have been buying since 126k can't be compared to someone who started buying at 60k+, we sure know who is more smarter between the two, just because you plan to hold for long term doesn't mean you should be buying blindly.

Dude what are you trying to prove? We should not buy blindly huh, so you want person to start waiting for price to come down before buying, or what exactly do you mean? DmAbu you don't kow that bitcoin is volatile and when you DCa, you can't be expecting price of bitcoin to always be low price, because the price will still go up and you will have to accumulate at high price,unless you want to start waiting until the price comes down.

You can't outwit the market haven't you figured this out by now, so quit that ideology of your that thinks that there is a better entry in bitcoin investment.

We have very good reasons to put DCA strategy of accumulating Bitcoin ahead of the other known strategies, it is the most convenient, you don't have to waste time when you have discretionary funds to buy, as you get money to buy you just buy and move on till the next discretionary funds to buy. There is nothing wrong with lump sum and buying dip but they are not consistent strategies, they keep you waiting for either a perfect entry or until you get enough funds before buying. Also we can combine the strategies if we have surplus discretionary funds to accumulate otherwise it is more convenient to buy using DCA strategy where you don't have to monitor the market.

Wow is that what you think lump sum is huh? Lump sum does not need person to time the market, and it also does not have to be done with plenty funds. Do you know that person can use $20 to lump sum? Lump sum is similar with DCa, the only difference is how person deploys the money.

[Female King]

DCA strategy has nothing to do with analysing the market, therefore you are to think that market analysis makes DCA strategy to be effective. The moment you start analysing the market, you will start waiting for a desire price before you buy bitcoin,  at this point it is no longer DCA strategy but rather buying the dip strategy that you are making use of.
As longer a newbie is not planning to trade bitcoin, it is not a must for them to learn how to read chart or how to analyse the market and this won't affect them since they are investing in bitcoin for a long term.

You are correct, analysing the market is what traders do to know when they can buy and sell their bitcoin and this doesn't relate to using the dca strategy to accumulate bitcoin. Waiting for your desire price to come before you can buy bitcoin is a different buying strategy which is the buy the dip strategy and not dca, with the dca strategy you don't have to analyze the market or keeping an eye on it by monitoring it day and night to know when to buy or sell, with the dca strategy you are always in the market buying consistently without waiting for any price as you either buy every weeks or every months and hodl for long.

If you are buying and holding bitcoin for long the dip won't get you worried and you won't also panic over it by cheeking the market price rather you can buy more bitcoin from your reserve funds and still hold for long hoping that there will be an increase in price of bitcoin in the future.

[samadam007]

Your argument makes no sense, and someone that don’t know what financial situation means shouldn’t be giving investment advice. You’re basically saying investor situation does not matter, at the same time telling them to figure out their discretionary income before investing. Think about it??
How do you think a person figures out discretionary income? The moment you say someone should first identify their discretionary income, you’ve already brought their “financial situation” into the discussion. Discretionary income is determined by a person income, expenses and financial obligation. Two people can can both DCA, but their available amount, frequency and ability to sustain that accumulation can be completely different.

You just want to confuse people with your rhetoric with this idea of financial situation. If I can figure out my discretionary income, why do I have to turn it into financial situation that is vague and sound more of an excuse than anything. When an investor receive inflow like salary, the moment he is able to remove the money for his basic needs, whatever is left is the discretionary income. After arriving at this point, it become easier for the investor to begin to allocate funds into investment, emergency funds and other protective funds. The process have to be easy and not  subjective and complicated.

I don’t think you read my post well to understand before rushing to type this.
You’re saying financial situation is vague, but your whole post from beginning to end is about a person financial situation. Discretionary income is gotten from looking at your income and expenses, then you decide how much remains should go toward investing, emergency savings, other goals and normal spending.

Two people can earn the same and still have different financial situations. One may have personal and family responsibilities with little savings, while the other smaller expenses and more savings. Obviously, they cannot afford to invest same amount. So if you agree that an investor should look at his income, basic expenses, emergency funds and available money before deciding how much to invest, then you already agree with me that their “financial situation matters”. You just don’t want to use the term

The issue is sustainability. It’s not enough to say “I have discretionary income, so I should put it all ito Bitcoin”. Part of the money may also need to cover your savings, emergencies and other important needs. If someone puts too much into Bitcoin and later need that money, he may be forced to sell

You seems to be making serious mistakes in your reasoning because I don't see where anyone says that an investor can put all his discretionary income into Bitcoin. It is part of the discretionary income that should be invested into Bitcoin, some part will serve as emergency funds, while some part of it will serve as reserve funds and any other words coined to make the investment process seamless and hassle free.

You can clearly see it’s in quote. Anything to score cheap points lol