Investment Become Gambling

[Charcol]

This is why I  stick to DCA and buy only with my discretionary income. Because as long as I am using  only discretionary income to invest I don't bother about price movement, I don't let excitement in a bull market push me to chase quick gains, and I don't let fear in a bear market push me to sell. Because having a clear plan makes it much easier to invest  in buying Bitcoin and stay consistent.

Using the DCA method actually solve lots of the problems people face in Bitcoin investing such as FOMO, greed and others. When these attributes are removed, the investor is bound to make progress in his investing. In addition to this, the DCA method allow low income earners to start small and build great things with time. The DCA method is indeed one way of making investment not to be treated as gambling, hence, people should adopt it more.

I also think the DCA method is the best way of investment in bitcoin for beginners that are scared of losing money and those who how little savings from their salaries. Investors do not need to be scared before choosing this method they should choose it because it doesn't inconvenience them nor stress their finance since they can decide to be investing on monthly or weekly basis depending on when they usually receive their salaries if they are office workers. For those who are scared of investing in bitcoin when they think the price is high risk method gives you the option to invest anytime and if you are consistent you will nut encounter losses.

It is probably not the case that DCA with regular consistency will not result in loss. DCA reduces risk, can average entry prices, and can reduce emotional buying/selling, but DCA cannot guarantee that you will never lose. Because Bitcoin is a good asset in the long term, it is also a volatile asset, so even if you are consistent, you may see short-term unrealized losses. Again, if your cash flow is weak, you may be forced to sell. Consistency is important, but more important is a plan that fits your own financial situation. Whether someone actually buys weekly, monthly, or irregularly actually depends on their own cash flow.

[ZeroVinsonN]

This is why I  stick to DCA and buy only with my discretionary income. Because as long as I am using  only discretionary income to invest I don't bother about price movement, I don't let excitement in a bull market push me to chase quick gains, and I don't let fear in a bear market push me to sell. Because having a clear plan makes it much easier to invest  in buying Bitcoin and stay consistent.

It's good that you understand the importance of buying with the DCA strategy, of course the DCA strategy could safe us from being stressed out in our accumulation journey. With the DCA strategy you don't have time to make expectations or speculate that the price will go up or down instead you will be buying irrespective of the market condition, and sure in an investment where the price of a commodity is so fluctuating, you need not to wait for it's downtown but to buy from any given amount because if you choose to wait you might end up not buying Bitcoin throughout the year.

Ofcourse I agree with your point because Dollar cost average has been an easiest way for investors to stay consistent without allowing market speculation to influence their decisions, with help of DCA, instead of investor waiting for right time to buy, investors continue with accumulating bitcoin at a regular intervals regardless of whether the price is rising or falling. dollar cost average is something investor can do consistently while buy extra during dips can be for those with additional discretionary income, the most important thing is to remain disciplined and consistency, a good financial management is what help indicator to build a strong bitcoin position instead of wasting time to wait for perfect dip.

I will like to throw some emphasis on the word or statement " dollar cost averaging has been an easiest way to stay consistent" in as much as i would like to agree with this, you should also know that it is investor that will decide and chose to be consist in their accumulation or not reason because they are the one who will decide in their mind whether they will keep accumulating regularly or not, they make this decision and be determined about it while the dollar cost averaging is just  like a lather which they will use to actualize this decision and not the other way round. The dollar cost averaging, it is a good method i must admit but it is an investor that will make it work smoothly.

I think systems often beat motivation. Many people start out determined, but emotions eventually take over when Bitcoin pumps or crashes, i mean anymore can be motivated for a short period of time. A fixed DCA schedule removes a lot of those emotional decisions, making consistency easier than relying on willpower alone.

Motivation has never been a good driving force for investment, it might seem to work at first but once that motivation has died down people end up losing interest in that investment, instead of motivation i will push for discipline, if you can discipline yourself to be able to stay true to your investment then you will be able to push yourself to accumulate bitcoin and also HODL for long because bitcoin investment is a long term investment.

[Nwaswago]

This is why I  stick to DCA and buy only with my discretionary income. Because as long as I am using  only discretionary income to invest I don't bother about price movement, I don't let excitement in a bull market push me to chase quick gains, and I don't let fear in a bear market push me to sell. Because having a clear plan makes it much easier to invest  in buying Bitcoin and stay consistent.

It's good that you understand the importance of buying with the DCA strategy, of course the DCA strategy could safe us from being stressed out in our accumulation journey. With the DCA strategy you don't have time to make expectations or speculate that the price will go up or down instead you will be buying irrespective of the market condition, and sure in an investment where the price of a commodity is so fluctuating, you need not to wait for it's downtown but to buy from any given amount because if you choose to wait you might end up not buying Bitcoin throughout the year.

Ofcourse I agree with your point because Dollar cost average has been an easiest way for investors to stay consistent without allowing market speculation to influence their decisions, with help of DCA, instead of investor waiting for right time to buy, investors continue with accumulating bitcoin at a regular intervals regardless of whether the price is rising or falling. dollar cost average is something investor can do consistently while buy extra during dips can be for those with additional discretionary income, the most important thing is to remain disciplined and consistency, a good financial management is what help indicator to build a strong bitcoin position instead of wasting time to wait for perfect dip.

I will like to throw some emphasis on the word or statement " dollar cost averaging has been an easiest way to stay consistent" in as much as i would like to agree with this, you should also know that it is investor that will decide and chose to be consist in their accumulation or not reason because they are the one who will decide in their mind whether they will keep accumulating regularly or not, they make this decision and be determined about it while the dollar cost averaging is just  like a lather which they will use to actualize this decision and not the other way round. The dollar cost averaging, it is a good method i must admit but it is an investor that will make it work smoothly.

I think systems often beat motivation. Many people start out determined, but emotions eventually take over when Bitcoin pumps or crashes, i mean anymore can be motivated for a short period of time. A fixed DCA schedule removes a lot of those emotional decisions, making consistency easier than relying on willpower alone.

Motivation has never been a good driving force for investment, it might seem to work at first but once that motivation has died down people end up losing interest in that investment, instead of motivation i will push for discipline, if you can discipline yourself to be able to stay true to your investment then you will be able to push yourself to accumulate bitcoin and also HODL for long because bitcoin investment is a long term investment.

I completely agree that discipline is way more reliable than motivation when it comes long-term investment in bitcoin..motivation is often powered by emotion or market excitement, discipline itself keeps you buying and holding even when the market moves against you
However, I also think discipline doesn't always have to rely on willpower alone. Building habits and having a simple system, such as an automatic DCA schedule, can make discipline easier to maintain because fewer decisions need to be made. The less frequently you have to debate whether today is the "right" time to buy, the less likely emotions are to interfere.

[B-BossMan]

This is why I  stick to DCA and buy only with my discretionary income. Because as long as I am using  only discretionary income to invest I don't bother about price movement, I don't let excitement in a bull market push me to chase quick gains, and I don't let fear in a bear market push me to sell. Because having a clear plan makes it much easier to invest  in buying Bitcoin and stay consistent.

Using the DCA method actually solve lots of the problems people face in Bitcoin investing such as FOMO, greed and others. When these attributes are removed, the investor is bound to make progress in his investing. In addition to this, the DCA method allow low income earners to start small and build great things with time. The DCA method is indeed one way of making investment not to be treated as gambling, hence, people should adopt it more.

I also think the DCA method is the best way of investment in bitcoin for beginners that are scared of losing money and those who how little savings from their salaries. Investors do not need to be scared before choosing this method they should choose it because it doesn't inconvenience them nor stress their finance since they can decide to be investing on monthly or weekly basis depending on when they usually receive their salaries if they are office workers. For those who are scared of investing in bitcoin when they think the price is high risk method gives you the option to invest anytime and if you are consistent you will nut encounter losses.

Dude, I may disagree with this statement above, the truths is DCA strategy doesn't prevent any investor's losses while being consistent in regular buying. Because the volatility nature of bitcoin cannot be denied, as such bitcoin price movement can fluctuate any any time, either  pump or dump. The main works of DCA is actually by giving us courage or confidence on buying bitcoin even with the little amount of our discretionary income, it smooching out our average purchasing of bitcoin and help investors in avoiding making a careless emotional decisions. But it can't guarantee the investors on not losing, so even with your regular buying of bitcoin, you can still face a market down side at times. So let the consistency be more relevant at the process either weekly or monthly depending on the availability of your discretionary income.

[sotelorene]

This is why I  stick to DCA and buy only with my discretionary income. Because as long as I am using  only discretionary income to invest I don't bother about price movement, I don't let excitement in a bull market push me to chase quick gains, and I don't let fear in a bear market push me to sell. Because having a clear plan makes it much easier to invest  in buying Bitcoin and stay consistent.

It's good that you understand the importance of buying with the DCA strategy, of course the DCA strategy could safe us from being stressed out in our accumulation journey. With the DCA strategy you don't have time to make expectations or speculate that the price will go up or down instead you will be buying irrespective of the market condition, and sure in an investment where the price of a commodity is so fluctuating, you need not to wait for it's downtown but to buy from any given amount because if you choose to wait you might end up not buying Bitcoin throughout the year.

Ofcourse I agree with your point because Dollar cost average has been an easiest way for investors to stay consistent without allowing market speculation to influence their decisions, with help of DCA, instead of investor waiting for right time to buy, investors continue with accumulating bitcoin at a regular intervals regardless of whether the price is rising or falling. dollar cost average is something investor can do consistently while buy extra during dips can be for those with additional discretionary income, the most important thing is to remain disciplined and consistency, a good financial management is what help indicator to build a strong bitcoin position instead of wasting time to wait for perfect dip.

I will like to throw some emphasis on the word or statement " dollar cost averaging has been an easiest way to stay consistent" in as much as i would like to agree with this, you should also know that it is investor that will decide and chose to be consist in their accumulation or not reason because they are the one who will decide in their mind whether they will keep accumulating regularly or not, they make this decision and be determined about it while the dollar cost averaging is just  like a lather which they will use to actualize this decision and not the other way round. The dollar cost averaging, it is a good method i must admit but it is an investor that will make it work smoothly.

I think systems often beat motivation. Many people start out determined, but emotions eventually take over when Bitcoin pumps or crashes, i mean anymore can be motivated for a short period of time. A fixed DCA schedule removes a lot of those emotional decisions, making consistency easier than relying on willpower alone.

Motivation has never been a good driving force for investment, it might seem to work at first but once that motivation has died down people end up losing interest in that investment, instead of motivation i will push for discipline, if you can discipline yourself to be able to stay true to your investment then you will be able to push yourself to accumulate bitcoin and also HODL for long because bitcoin investment is a long term investment.

I believe both motivation and disciplined are needed in Investment or business we want to do and in this Bitcoin investment what we need is self motivation and disciplined in other to hold on to the goal or target and in other not to derail from the track. Motivation is something that keeps telling you that you can do it even when you don't have strength or when you don't believe in yourself anymore, but we should not allow people to motivate us because it may push us into doing the wrong thing.

[Frankolala]

However, I also think discipline doesn't always have to rely on willpower alone. Building habits and having a simple system, such as an automatic DCA schedule, can make discipline easier to maintain because fewer decisions need to be made. The less frequently you have to debate whether today is the "right" time to buy, the less likely emotions are to interfere.

I don't think that using automated DCA is a good way to discipline yourself because the bot buys for you and I call it bot discipline. I prefer the manual DCA weekly purchase because it impacts discipline on you and when you always have the thought of buying whenever, your discretionary income is available, it makes you more discipline when you put it to practice because it will make you use the right amount of money for the right purpose and you will ongoingly be accumulating more bitcoin overtime.

Secondly, the automated DCA can buy bitcoin beyond your discretionary income for that week because it's a fixed price that you put the bot on which will definitely affect your basic needs and monthly expenses and that will result to selling part of your bitcoin when your needs arises and you might sell at loss if the price is below your entry point. Some weeks our expenses shoots up and we will be left with little discretionary income than the normal amount. You are to buy bitcoin based on whatever amount is left as your discretionary income.

[Son Of Blockchain (SOB)]

However, I also think discipline doesn't always have to rely on willpower alone. Building habits and having a simple system, such as an automatic DCA schedule, can make discipline easier to maintain because fewer decisions need to be made. The less frequently you have to debate whether today is the "right" time to buy, the less likely emotions are to interfere.

I don't think that using automated DCA is a good way to discipline yourself because the bot buys for you and I call it bot discipline. I prefer the manual DCA weekly purchase because it impacts discipline on you and when you always have the thought of buying whenever, your discretionary income is available, it makes you more discipline when you put it to practice because it will make you use the right amount of money for the right purpose and you will ongoingly be accumulating more bitcoin overtime.

Secondly, the automated DCA can buy bitcoin beyond your discretionary income for that week because it's a fixed price that you put the bot on which will definitely affect your basic needs and monthly expenses and that will result to selling part of your bitcoin when your needs arises and you might sell at loss if the price is below your entry point. Some weeks our expenses shoots up and we will be left with little discretionary income than the normal amount. You are to buy bitcoin based on whatever amount is left as your discretionary income.

This is the first time I'm hearing of a bot relating with an investor, bots are mostly related with traders to minimize risks when they analyze and speculate the market not investors, moreover we as humans are supposed to know how to manage our cashflow after settling essentials we don't need bots doing that for us.
 I don't understand why some people like to borrow ideas from traders for investment, cause they end up ruining their chances of investing better, with a traders mentality. The concept of Bitcoin investment is not too tough to understand and doesn't require short cuts to be successful in it.

[Olatundespo]

Motivation has never been a good driving force for investment, it might seem to work at first but once that motivation has died down people end up losing interest in that investment, instead of motivation i will push for discipline, if you can discipline yourself to be able to stay true to your investment then you will be able to push yourself to accumulate bitcoin and also HODL for long because bitcoin investment is a long term investment.

Being motivated to invest in Bitcoin will make it easy to get started, but to keep it going for the long term, you need to learn about Bitcoin. Understand the importance of holding Bitcoin by literally understanding why it is needed and its intrinsic value, and accumulating regularly. Once you understand the strong structure of Bitcoin and its future prospects, it will be easier to have a long term strategy of 4-10 years. It is important to have your own research on this topic to stay motivated in Bitcoin investing.

Financial management is a prerequisite for long term Bitcoin because to accumulate Bitcoin regularly in the DCA method, you will need discretionary income. The elements associated with financial management are having an emergency fund and a floating cash fund or reserve fund available.

Staying motivated about Bitcoin will be great for long term DCA because it will be easier to accumulate regularly until you can stay motivated in this digital asset.

[PremiumcryptoHub]

I think systems often beat motivation. Many people start out determined, but emotions eventually take over when Bitcoin pumps or crashes, i mean anymore can be motivated for a short period of time. A fixed DCA schedule removes a lot of those emotional decisions, making consistency easier than relying on willpower alone.

Motivation has never been a good driving force for investment, it might seem to work at first but once that motivation has died down people end up losing interest in that investment, instead of motivation i will push for discipline, if you can discipline yourself to be able to stay true to your investment then you will be able to push yourself to accumulate bitcoin and also HODL for long because bitcoin investment is a long term investment.

I believe both motivation and disciplined are needed in Investment or business we want to do and in this Bitcoin investment what we need is self motivation and disciplined in other to hold on to the goal or target and in other not to derail from the track. Motivation is something that keeps telling you that you can do it even when you don't have strength or when you don't believe in yourself anymore, but we should not allow people to motivate us because it may push us into doing the wrong thing.

Definitely, in Bitcoin investment, we need self-motivation and discipline to stick to the goal or objective and not deviate from the path, i agree with you on this but along with these, an investor needs to make sure that he has a discretionary income system, in fact, without discretionary income i.e. Naira, even if we have self-motivation and discipline, it may not be possible to move forward with the investment, so I think that in Bitcoin investment, priority should be given to the earned money above all else. So it must be said that even if one is motivated to invest in Bitcoin and to keep the investment going in the long term, there is a need for a source of money, through which a person will have the opportunity to earn naira, which will allow him to be motivated to invest without stress.

[Loyang]

This is why I  stick to DCA and buy only with my discretionary income. Because as long as I am using  only discretionary income to invest I don't bother about price movement, I don't let excitement in a bull market push me to chase quick gains, and I don't let fear in a bear market push me to sell. Because having a clear plan makes it much easier to invest  in buying Bitcoin and stay consistent.

Using the DCA method actually solve lots of the problems people face in Bitcoin investing such as FOMO, greed and others. When these attributes are removed, the investor is bound to make progress in his investing. In addition to this, the DCA method allow low income earners to start small and build great things with time. The DCA method is indeed one way of making investment not to be treated as gambling, hence, people should adopt it more.

I also think the DCA method is the best way of investment in bitcoin for beginners that are scared of losing money and those who how little savings from their salaries. Investors do not need to be scared before choosing this method they should choose it because it doesn't inconvenience them nor stress their finance since they can decide to be investing on monthly or weekly basis depending on when they usually receive their salaries if they are office workers. For those who are scared of investing in bitcoin when they think the price is high risk method gives you the option to invest anytime and if you are consistent you will nut encounter losses.

It is probably not the case that DCA with regular consistency will not result in loss. DCA reduces risk, can average entry prices, and can reduce emotional buying/selling, but DCA cannot guarantee that you will never lose. Because Bitcoin is a good asset in the long term, it is also a volatile asset, so even if you are consistent, you may see short-term unrealized losses. Again, if your cash flow is weak, you may be forced to sell. Consistency is important, but more important is a plan that fits your own financial situation. Whether someone actually buys weekly, monthly, or irregularly actually depends on their own cash flow.

Are you contradicting your own comment or are you complicating your comment. You are completely contradicting JoyceBTC at the beginning and then agreeing with JoyceBTC's comment the next moment. JoyceBTC never mentioned in his comment that if there is consistency, there will be no loss, he said that if there is consistency, the possibility of loss is much less.

Yes, it is true that if a person is consistent and disciplined, then his possibility of profit is much higher. Especially if we see from the past till now that a person has invested consistently and held on, he must still be in a profitable situation. But yes, the results of the past never determine the future, but we can definitely guess by looking at the demand for Bitcoin