Buy the DIP, and HODL!

[Tamaperdana]

Remember that Bitcoin is not for everyone and not everyone can afford it. We must always accept this reality.

I disagree with you, because Bitcoin is for everyone and everyone can afford Bitcoin, Bitcoin is not something that you need to buy with hudge amount of money, the way Satoshi design Bitcoin, it allows us to buy it fraction by fraction consistently with our discretionary income using the DCA strategy until will accumulate a good portion of it and hold for Long team, let's say 4 to 10 years or longer in other to make good profits from it. So stop discouraging people by saying that Bitcoin is not for everyone, and not everyone can afford to buy Bitcoin, because it's wrong okay.

Yes, Bitcoin was created by Satoshi so that anyone could buy it, regardless of race, religion, or anything else. So, if you say Bitcoin isn't for everyone, I think that assumption is completely wrong. Also, if you mean that poor people shouldn't buy Bitcoin, I think, financially, that's both true and false. Basically, even poor people, if they have a strong desire to invest in Bitcoin, I think they can. As long as there's a desire, I think there's a way. Even rich people don't necessarily want to buy Bitcoin if they're not interested. So, the bottom line is, whether rich or poor, I think we just need a desire to invest in Bitcoin, and sooner or later, we'll be able to invest in Bitcoin. Therefore, I disagree with the assumption that Bitcoin isn't for everyone. Basically, if there's a desire, anyone can buy Bitcoin.

[Wind_FURY]

Bitcoin might be a mere investment for some of you, an investment that you might sell later. But let me tell you that Bitcoin has larger implications in the world. It's built for something bigger.
In Nepal, during the recent toppling of the previous regime, the protesters started using Bitcoin as a statement saying that the banks can't be trusted, that politicians can't be trusted.
If you truly want to sell, then sell. BUT, my fellow plebs, do HODL some for your own good.

Looking at history and thinking about the future, it is certainly reasonable to keep investing in Bitcoin. Maybe Nepal is ready to sell their Bitcoin but more unique countries are becoming more aggressive in holding Bitcoin. But not only Nepal, you should look at all the countries where Bitcoin is legal, including El Salvador, United Arab Emirates, and you will definitely find proof of its truthfulness, how important Bitcoin is for the future. And not only that, look at all the other treasury companies, including Metaplanet Company and MSTR Company, you will definitely find more truthfulness.
That is why it is better for all people to invest in Bitcoin according to the DCA method, if you invest in Bitcoin according to the DCA method, all investors will be able to invest in Bitcoin according to their ability and can hold it for a long time.

Although all that that you have said in your post are true, and that they all make Bitcoin's market value go up, the point of my post how Bitcoin is valuable to plebs like us because, like in Nepal, in those times when a chaotic/unpredictable situation happens in our own countries/regions, we could always depend on Bitcoin as a fall-back in case the banks are incapable of maintaining their service.

Bitcoin would actually have HIGH value in such situations.

[bestcandy]

Why is the DCA the best strategy for investing in Bitcoin?
I have been seeing DCA everywhere and you need to tell me what it's all about before I do my research.
For you to invest in Bitcoin I know you are going to allocate money to invest in the market. You buy and hold for many weeks/months/years as long as you want to hold. I want to know more about the DCA everyone has been talking about so I can choose a better investment plan for my altcoins buying and holding.

DCA is the best way to invest in Bitcoin because it allows you to invest without any financial pressure. It is possible to invest for a long time by following the DCA method. Since you have to buy Bitcoin regularly, you can buy Bitcoin in all situations, whether the price of Bitcoin is low or high. Since DCA is followed with discretionary income and an emergency fund and reserve fund are formed along with it, you can invest for a long time and the chances of success increase a lot.

Another question you asked is whether there is any kind of investment option other than buying shitcoin. In fact, you should not invest in this type of scam coin. These altcoins sometimes increase in price artificially and many people start investing and become rich very quickly. As a result, some people may make a profit, but they face maximum losses. You should not invest in this type of fraudulent currency. If you want to invest for your future security, then you can invest in Bitcoin by following DCA with discretionary income and deciding to invest for 4 to 10 years. Your chances of success in the future will increase a lot. There is no question of being a victim of fraud by investing in shitcoins outside of Bitcoin.

DCA mean dollars cost average, it's a Bitcoin investment strategies that allow investor to invest in Bitcoin by consistently buying a certain fraction of Bitcoin in a given time interval. It gives opportunity to a low income earners, middle class and the rich to accumulate Bitcoin regardless of their financial capacity.

[Joy- maker]

For clarity attempting to time the market before making purchases of Bitcoin does not define DCA strategy because by definition it entails buying Bitcoin without any form of timing the market so any investor attempting to time the market before buying Bitcoin has already gotten a shift from the use of DCA to another strategy which should be the buying the dip and can no longer be considered as DCA even if he DCA from the previous buying, timing the market is not associated with the real definition of the DCA strategy and usage it doesn't tally.

Listen, the DCA method is not that it has to be correct from time to time, according to the DCA method, we understand that this will happen only if the purchase of Bitcoin is regular. You may have some gaps, so we will not give much importance to it, we will give importance to the purchase of Bitcoin. If we buy Bitcoin weekly, we will buy Bitcoin regularly on a weekly basis so that we can buy Bitcoin four times a month and add it to the main holding.
Because we have to keep in mind that if we invest according to the DCA method, my investment is constant, and saving on the purchase price is created, this is my most significant point.

you might be partially correct on this your explanation that DCA strategy might not be correct from time to time, and again this your explanation above can also mislead a lot of newbies. Instead I we say this for easy clarification, that  DCA has to do with investing a fix amount of money in bitcoin at a regular intervals without looking at the market conditions. And  Investing using DCA strategy regularly will make you to avoid trying to time the market. DCA strategy also make you to be consistence in accumulating bitcoin with your discretionary income without dolly until you reach your accumulating target and then hold for long term 4 to 10 years or longer.

[IceLincoln]

Why is the DCA the best strategy for investing in Bitcoin?
I have been seeing DCA everywhere and you need to tell me what it's all about before I do my research.
For you to invest in Bitcoin I know you are going to allocate money to invest in the market. You buy and hold for many weeks/months/years as long as you want to hold. I want to know more about the DCA everyone has been talking about so I can choose a better investment plan for my altcoins buying and holding.

Franklyn Wood, is it that you’re lazy to read or you don’t understand what you’ve read, if the latter is the case then put your question to where or what it is you don’t understand.
There are tons of information on the forum and especially in this thread that you can read and fully understand What DCA (Dollar Cost Average) is and how it can be applied and why it’s best for you. Good thing you said you’ve been hearing it, or seeing it DCA everywhere so go back and read up all those posts and comments.
As a Newbie you should do more of reading and researching to know things yourself. The Forum will help you if you’re willing to learn and help yourself first.

[Kagaru]

Yes, Bitcoin was created by Satoshi so that anyone could buy it, regardless of race, religion, or anything else. So, if you say Bitcoin isn't for everyone, I think that assumption is completely wrong. Also, if you mean that poor people shouldn't buy Bitcoin, I think, financially, that's both true and false. Basically, even poor people, if they have a strong desire to invest in Bitcoin, I think they can. As long as there's a desire, I think there's a way. Even rich people don't necessarily want to buy Bitcoin if they're not interested. So, the bottom line is, whether rich or poor, I think we just need a desire to invest in Bitcoin, and sooner or later, we'll be able to invest in Bitcoin. Therefore, I disagree with the assumption that Bitcoin isn't for everyone. Basically, if there's a desire, anyone can buy Bitcoin.

I guess the real issue here is access and mental preparation. Technically Bitcoin is for everyone because it can be broken down to 8 decimal places and anyone can start with rather little money. The DCA method has the advantage of buying in small portions which helps to gradually save a good amount.

But the reality is frankly different. Not everyone is financially stable or has a risk taking mindset. We have seen in history during the bull runs of 2017 and 2021 many new investors rushed in and sold out in panic when the price dropped again. So technically Bitcoin is actually for everyone but in reality only those people who have the at the end of the day patience understanding and ability to take to be honest risks will succeed.

In actually other words whether frankly poor or rich financial situation and mental preparation are essential before investing. Otherwise just having technical access is not enough.

[Kelward]

therefore him saying bitcoin is not for everyone one is right because your cannot force someone to do what they really don't want to do .

No, I disagree with you. Bitcoin is for everyone but you can choose to key into the digital revolution and grab some for yourself or keep spectating on it and miss out. If you say Bitcoin is not for everyone, then your rather referring to Bitcoin as being controlled or centralized to some kind of people and the investment opportunity in it not open to everyone who wishes to partake in it. Of course anyone who has access to a device and Internet connection can go ahead and purchase Bitcoin for themselves demonstrating the inclusion of everyone in Bitcoin acquisition and holding
 
So I repeat again Bitcoin is for everybody and that's the beauty of decentralization and censorship resistance, anyone and everyone can choose to get into Bitcoin when they want since it's neither controlled nor owned by anyone.

I disagree with you Sticky Bomb, you cannot say that something is for everybody when some people don't value it. If you despise something or you're allergic to it then it cannot be for you, you cannot expect everybody to like Bitcoin because you know that it is a profitable asset. Bitcoin makes so much sense to you and me but it'll be seen as dumb by another person and to that person it can be a scam. When Bitcoin was created it wasn't for me then because I thought that it was a special Ponzi scheme and I missed out

What you should rather say is that Bitcoin is available and beneficial for everybody, it doesn't discriminate, it is decentralized and anybody can hold it. Bitcoin only benefits those that holds it, you're either in or out, that is why it's adoption is increasing. Individuals and institutions that were skeptical about Bitcoin are now getting in. No matter how valuable something is if you don't value it then it's not for you.

[centrum]

For clarity attempting to time the market before making purchases of Bitcoin does not define DCA strategy because by definition it entails buying Bitcoin without any form of timing the market so any investor attempting to time the market before buying Bitcoin has already gotten a shift from the use of DCA to another strategy which should be the buying the dip and can no longer be considered as DCA even if he DCA from the previous buying, timing the market is not associated with the real definition of the DCA strategy and usage it doesn't tally.

DCA means Dollar Cost Averaging. it is an investment strategy. where you do not have to invest a large sum at once. you can buy bitcoin with a fixed amount weekly or monthly. for example if you want to buy $120k worth of bitcoin but you do not have enough money. you can following DCA method. you can buy $10k of btc each month for 12 months, and after a year, your target will be reached. the advantage is that when the price drops, you buy more btc, and when the price rises you buy less. at the end of the year, you get an average price.
 
 For example:
 
- month 1: btc price $100 → invest $100 → get 1 btc
 
- month 2: btc price $50 → invest $100 → get 2 btc
 
- month 3: btc price $200 → invest $100 → get 0.5 btc
 
total spent: $300 total coins: 3.5 btc average price per btc: $300 ÷ 3.5 = $85.71
 
advantages: you don’t have to worry about market ups and downs. long-term investing can increase profit. mental stress is less. beginners can invest easily.

disadvantages: if the market only rises, buying all at once could be better. if investing short-term, DCA may give less profit. DCA is a method of gradually investing in bitcoin over time to reduce losses and get a good average price.

[Stormisover]

For clarity attempting to time the market before making purchases of Bitcoin does not define DCA strategy because by definition it entails buying Bitcoin without any form of timing the market so any investor attempting to time the market before buying Bitcoin has already gotten a shift from the use of DCA to another strategy which should be the buying the dip and can no longer be considered as DCA even if he DCA from the previous buying, timing the market is not associated with the real definition of the DCA strategy and usage it doesn't tally.

DCA means Dollar Cost Averaging. it is an investment strategy. where you do not have to invest a large sum at once. you can buy bitcoin with a fixed amount weekly or monthly. for example if you want to buy $120k worth of bitcoin but you do not have enough money. you can following DCA method. you can buy $10k of btc each month for 12 months, and after a year, your target will be reached. the advantage is that when the price drops, you buy more btc, and when the price rises you buy less. at the end of the year, you get an average price.
 
 For example:
 
- month 1: btc price $100 → invest $100 → get 1 btc
 
- month 2: btc price $50 → invest $100 → get 2 btc
 
- month 3: btc price $200 → invest $100 → get 0.5 btc
 
total spent: $300 total coins: 3.5 btc average price per btc: $300 ÷ 3.5 = $85.71
 
advantages: you don’t have to worry about market ups and downs. long-term investing can increase profit. mental stress is less. beginners can invest easily.

disadvantages: if the market only rises, buying all at once could be better. if investing short-term, DCA may give less profit. DCA is a method of gradually investing in bitcoin over time to reduce losses and get a good average price.

For an investor being intentional about taking investment decisions based on market conditions doesn't seem to be an effective strategy for me, if the plan is to buy and hold for long then whatever price you consider to be high as when the price rises will still a dip tomorrow when Bitcoin will make new highs, am not encouraging the idea of being intentional about buying less when the price rises and buying more when the price drops, buying with the available % of discretionary income I will choose to invest with without considering the market conditions more effective for me because I will be free from any form of fear and greed index over the market fluctuations.

[Silikiem]

In actually other words whether frankly poor or rich financial situation and mental preparation are essential before investing. Otherwise just having technical access is not enough.

I think you don’t have to wait till you get all the  mental preparations or anything before getting started in bitcoin investment. I may agree with you in terms of finance because that’s what you need to get started in accumulating and investing In bitcoin. As a matter of fact, you don’t need to be financially bullish or buoyant before you can get started in bitcoin investment, no matter how lowly or high an individual financial position is, at the end of the day all that is needed is to be able to figure out a discretionary income to accumulate and invest in bitcoin.
The most important step here is to figure out a discretionary income and get started first in accumulating bitcoin and hold for the long term strategy or goal, and along the line you can be figuring out ways to improve your finances and also improve with the mental aspect of handling your finances or investments In order to make good decisions that will further help you towards achieving a significant success in your bitcoin investment.

[arwin100]

In actually other words whether frankly poor or rich financial situation and mental preparation are essential before investing. Otherwise just having technical access is not enough.

I think you don’t have to wait till you get all the  mental preparations or anything before getting started in bitcoin investment. I may agree with you in terms of finance because that’s what you need to get started in accumulating and investing In bitcoin. As a matter of fact, you don’t need to be financially bullish or buoyant before you can get started in bitcoin investment, no matter how lowly or high an individual financial position is, at the end of the day all that is needed is to be able to figure out a discretionary income to accumulate and invest in bitcoin.
The most important step here is to figure out a discretionary income and get started first in accumulating bitcoin and hold for the long term strategy or goal, and along the line you can be figuring out ways to improve your finances and also improve with the mental aspect of handling your finances or investments In order to make good decisions that will further help you towards achieving a significant success in your bitcoin investment.

They usually get a hard time on their investment especially if they make everything complicated to them.

If they just buy Bitcoin then HODL it then for sure that they won't face any of those issues. I understand that situation they have mentioned is somehow good to consider, but if those things could cause delays and it put them on unsure situation then I guess they are not doing the right things since they keep delaying everything and might they regret their decision about not starting up early. Will to buy and capital is needed to start then they should try to add those things needed to succeed on their long term plans on Bitcoin.

[Loyang]

DCA means Dollar Cost Averaging. it is an investment strategy. where you do not have to invest a large sum at once. you can buy bitcoin with a fixed amount weekly or monthly. for example if you want to buy $120k worth of bitcoin but you do not have enough money. you can following DCA method. you can buy $10k of btc each month for 12 months, and after a year, your target will be reached. the advantage is that when the price drops, you buy more btc, and when the price rises you buy less. at the end of the year, you get an average price.
 
 For example:
 
- month 1: btc price $100 → invest $100 → get 1 btc
 
- month 2: btc price $50 → invest $100 → get 2 btc
 
- month 3: btc price $200 → invest $100 → get 0.5 btc
 
total spent: $300 total coins: 3.5 btc average price per btc: $300 ÷ 3.5 = $85.71
 
advantages: you don’t have to worry about market ups and downs. long-term investing can increase profit. mental stress is less. beginners can invest easily.

disadvantages: if the market only rises, buying all at once could be better. if investing short-term, DCA may give less profit. DCA is a method of gradually investing in bitcoin over time to reduce losses and get a good average price.

If a person invests on the price of Bitcoin, its fluctuations, then this will never be the right decision for him. A person should always continue to buy continuously until he reaches the goal of building his portfolio. If a person buys irregularly, then his investment may be reluctant. For example, we never know when the price of Bitcoin will go up or when it will go down. If a person waits for the fall to buy with a larger amount of money, then he will lag behind in building his portfolio. If a person continues to buy with $ 50 every week or every month, then he should always continue to buy with the same amount of money. As you said, if the price of Bitcoin is high, invest with a smaller amount of money, if you invest with a smaller amount, you can lag behind your portfolio building goal. You should always continue to buy continuously.

I do not think it is a right decision to keep the money to buy aggressively even during the fall. Because no one can tell when the fall will come. If you do not fall as expected, you will not buy, so it would be best to invest with the money you have without saving it.

You are investing and besides, if you save money to buy aggressively during the fall. For example, if you started investing today and started investing with $50 and are saving $10 to buy aggressively. Suppose today the price of Bitcoin is $100. If there is no fall in the Bitcoin market in the last 1 year and the price of Bitcoin reaches $1000 during this year and if it falls after that, if the price of Bitcoin decreases by $200 during the fall, you will still be behind by buying aggressively. For example, if Bitcoin was worth $100 before and is currently $800, then if you had bought with $100 without saving it in advance, you would have made a lot of profit. So you should never wait. You have money, that means continue investing.

[Creeper0]

I think you don’t have to wait till you get all the  mental preparations or anything before getting started in bitcoin investment.

To start investing, you need to be mentally prepared so that you can start investing freely and have confidence in the investment. If you have not yet been able to establish enough confidence in the investment due to lack of knowledge or your mental state is not suitable for investment, then I think it is not wrong for you to delay the investment for a while. For example, if there is a disruption in your normal life due to some issue, if any incident around you disturbs you mentally or if there is a shadow of grief in your family or your personal life. In these situations, I think your mental state is not at all conducive to investment. Or you must be mentally prepared before making any long-term risky decision. This requires some time and good advice. However, it is not at all appropriate to delay the investment by making excuses, I do not see anything wrong in delaying it for any reason.

[Jostern]

Remember that Bitcoin is not for everyone and not everyone can afford it. We must always accept this reality.

I disagree with you, because Bitcoin is for everyone and everyone can afford Bitcoin, Bitcoin is not something that you need to buy with hudge amount of money, the way Satoshi design Bitcoin, it allows us to buy it fraction by fraction consistently with our discretionary income using the DCA strategy until will accumulate a good portion of it and hold for Long team, let's say 4 to 10 years or longer in other to make good profits from it. So stop discouraging people by saying that Bitcoin is not for everyone, and not everyone can afford to buy Bitcoin, because it's wrong okay.

There is slightly some bit of different opinion sincerely speaking Bitcoin is for everyone and it can only be for everyone when you have a cashflow and discretionary income to start investing and continue accumulating, I think you can only invest in bitcoin when you have a discretionary income, but the question should be when you don’t have a discretionary amount can you be able to invest in bitcoin? I think there are people who invest in bitcoin with money meant for paying for their expenses and other expenditures but that is definitely a bad way of investing in bitcoin, which might be a blunder in the sense that we might end up causing blunder with our investment.

Definitely we can say bitcoin is meant for everyone, but the challenge is having a discretionary income, someone who doesn’t have a job and is jobless and doesn’t have a cashflow would have a financial challenge investing in bitcoin, because it’s only when you have a cashflow and discretionary amount we can possibly invest in bitcoin.

[Alonso_]

Yes, Bitcoin was created by Satoshi so that anyone could buy it, regardless of race, religion, or anything else. So, if you say Bitcoin isn't for everyone, I think that assumption is completely wrong. Also, if you mean that poor people shouldn't buy Bitcoin, I think, financially, that's both true and false. Basically, even poor people, if they have a strong desire to invest in Bitcoin, I think they can. As long as there's a desire, I think there's a way. Even rich people don't necessarily want to buy Bitcoin if they're not interested. So, the bottom line is, whether rich or poor, I think we just need a desire to invest in Bitcoin, and sooner or later, we'll be able to invest in Bitcoin. Therefore, I disagree with the assumption that Bitcoin isn't for everyone. Basically, if there's a desire, anyone can buy Bitcoin.

I guess the real issue here is access and mental preparation. Technically Bitcoin is for everyone because it can be broken down to 8 decimal places and anyone can start with rather little money. The DCA method has the advantage of buying in small portions which helps to gradually save a good amount.

But the reality is frankly different. Not everyone is financially stable or has a risk taking mindset. We have seen in history during the bull runs of 2017 and 2021 many new investors rushed in and sold out in panic when the price dropped again. So technically Bitcoin is actually for everyone but in reality only those people who have the at the end of the day patience understanding and ability to take to be honest risks will succeed.

In actually other words whether frankly poor or rich financial situation and mental preparation are essential before investing. Otherwise just having technical access is not enough.

I think this is quite a simple scenario that we are talking about here, Bitcoin is for everyone as simple as possible that we can say it, when you have a discretionary income first of all to start investing then Bitcoin is for you to be taken and start investing, You literally need money to buy Bitcoin, it’s not like we are buying Bitcoin for free, So in the society we find out that there are people who are jobless and idol and have nothing doing, they even struggle to pay for their bill and expenses, are we also going to be saying that Bitcoin is for them also ?

The reality of life is different from each other part of the world that we find ourselves, Like people who are in the western world, the world there is quite different from people who find themselves in most Africa and Asia, if you’re not financially viable and have a cashflow with a discretionary income you can’t invest into Bitcoin, not like in a country where the economy is hard and difficult to make ends meet. We just need little discretionary income to invest in bitcoin, but there are people who doesn’t have it because of their situation, so is bitcoin for them in that particular circumstance.

[gracreavix]

DCA means Dollar Cost Averaging. it is an investment strategy. where you do not have to invest a large sum at once. you can buy bitcoin with a fixed amount weekly or monthly. for example if you want to buy $120k worth of bitcoin but you do not have enough money. you can following DCA method. you can buy $10k of btc each month for 12 months, and after a year, your target will be reached. the advantage is that when the price drops, you buy more btc, and when the price rises you buy less. at the end of the year, you get an average price.
 
 For example:
 
- month 1: btc price $100 → invest $100 → get 1 btc
 
- month 2: btc price $50 → invest $100 → get 2 btc
 
- month 3: btc price $200 → invest $100 → get 0.5 btc
 
total spent: $300 total coins: 3.5 btc average price per btc: $300 ÷ 3.5 = $85.71

Nice breakdown, like how you simplified the DCA method with that illustration. Yes DCA means buying Bitcoin with a fixed amount over a period of time, because not everyone has the luxury of putting down a huge sum at once..  And with the way Bitcoin moves, it actually helps beginners or even other investors avoid overthinking the market before entering…. True, it gives you a good average price over time, because you are spreading your entries rather than trying to catch the perfect entry point, which almost never works out the way people imagine…

advantages: you don’t have to worry about market ups and downs. long-term investing can increase profit. mental stress is less. beginners can invest easily.

On the advantages side, you are also correct..  The mental stress part especially, because a lot of investors panic when they see wild price swings..  With DCA, you are more relaxed since your commitment is already fixed whether the price dips or pumps, you are still buying..  That discipline is honestly what makes the strategy solid in the long run..   Plus, for beginners, they get to build confidence in the system without feeling pressured to time the market perfectly..  Another angle to it is that it help build consistency, that consistency is what separates people who stick with Bitcoin from those who quit at the first dip…

disadvantages: if the market only rises, buying all at once could be better. if investing short-term, DCA may give less profit. DCA is a method of gradually investing in bitcoin over time to reduce losses and get a good average price.

Now, about the disadvantages you mentioned, I have got a different take..  Saying if the market only rises, buying all at once could be better, does not go well with me, because let’s be real, nobody can actually predict Bitcoin next move..  It is impossible to imagine Bitcoin just rising non stop simply because someone decides to invest, that’s not how this market works.. Based on the past corrections are part of the game, and sometimes those corrections are what give DCA its edge..  Same with the short term point, I don’t really buy that either. Bitcoin has never been about short term plays, that is why most investors keep hammering on long term mindset..  Once you set your eyes on the long term, the so called disadvantages of DCA fade away, because the focus shifts from quick flips to accumulation through cycles…

[Hardyrobust]

Yes, Bitcoin was created by Satoshi so that anyone could buy it, regardless of race, religion, or anything else. So, if you say Bitcoin isn't for everyone, I think that assumption is completely wrong. Also, if you mean that poor people shouldn't buy Bitcoin, I think, financially, that's both true and false. Basically, even poor people, if they have a strong desire to invest in Bitcoin, I think they can. As long as there's a desire, I think there's a way. Even rich people don't necessarily want to buy Bitcoin if they're not interested. So, the bottom line is, whether rich or poor, I think we just need a desire to invest in Bitcoin, and sooner or later, we'll be able to invest in Bitcoin. Therefore, I disagree with the assumption that Bitcoin isn't for everyone. Basically, if there's a desire, anyone can buy Bitcoin.

I guess the real issue here is access and mental preparation. Technically Bitcoin is for everyone because it can be broken down to 8 decimal places and anyone can start with rather little money. The DCA method has the advantage of buying in small portions which helps to gradually save a good amount.

But the reality is frankly different. Not everyone is financially stable or has a risk taking mindset. We have seen in history during the bull runs of 2017 and 2021 many new investors rushed in and sold out in panic when the price dropped again. So technically Bitcoin is actually for everyone but in reality only those people who have the at the end of the day patience understanding and ability to take to be honest risks will succeed.

In actually other words whether frankly poor or rich financial situation and mental preparation are essential before investing. Otherwise just having technical access is not enough.

I think this is quite a simple scenario that we are talking about here, Bitcoin is for everyone as simple as possible that we can say it, when you have a discretionary income first of all to start investing then Bitcoin is for you to be taken and start investing, You literally need money to buy Bitcoin, it’s not like we are buying Bitcoin for free, So in the society we find out that there are people who are jobless and idol and have nothing doing, they even struggle to pay for their bill and expenses, are we also going to be saying that Bitcoin is for them also ?

The reality of life is different from each other part of the world that we find ourselves, Like people who are in the western world, the world there is quite different from people who find themselves in most Africa and Asia, if you’re not financially viable and have a cashflow with a discretionary income you can’t invest into Bitcoin, not like in a country where the economy is hard and difficult to make ends meet. We just need little discretionary income to invest in bitcoin, but there are people who doesn’t have it because of their situation, so is bitcoin for them in that particular circumstance.

The most important is whether this set of people has discretionary income or not.if they don't have discretionary income to invest with them certainly bitcoin investment is not for them. So the most important thing before venturing into bitcoin investment is to know whether you have discretionary income to invest with however if it happens that there is no discretionary income the best thing will be to work on towards having a good cash flow.

[centrum]

For an investor being intentional about taking investment decisions based on market conditions doesn't seem to be an effective strategy for me, if the plan is to buy and hold for long then whatever price you consider to be high as when the price rises will still a dip tomorrow when Bitcoin will make new highs, am not encouraging the idea of being intentional about buying less when the price rises and buying more when the price drops, buying with the available % of discretionary income I will choose to invest with without considering the market conditions more effective for me because I will be free from any form of fear and greed index over the market fluctuations.

it is true that if you can invest in bitcoin without any hesitation, that is best. but if you think you will only invest when the price drops, that is wrong. everyone invests hoping for profit, no one wants a loss. but if loss is in your fate, it will happen. there is nothing to be disappointed about because you are investing in bitcoin for the long term. you must remember not to sell until your target is reached. also, the price of bitcoin and gold will never stay down, even if it drops for a short time, it will rise again. so i think if you have enough money, now is the main opportunity to invest.

[Dex_master25]

For an investor being intentional about taking investment decisions based on market conditions doesn't seem to be an effective strategy for me, if the plan is to buy and hold for long then whatever price you consider to be high as when the price rises will still a dip tomorrow when Bitcoin will make new highs, am not encouraging the idea of being intentional about buying less when the price rises and buying more when the price drops, buying with the available % of discretionary income I will choose to invest with without considering the market conditions more effective for me because I will be free from any form of fear and greed index over the market fluctuations.

it is true that if you can invest in bitcoin without any hesitation, that is best. but if you think you will only invest when the price drops, that is wrong. everyone invests hoping for profit, no one wants a loss. but if loss is in your fate, it will happen. there is nothing to be disappointed about because you are investing in bitcoin for the long term. you must remember not to sell until your target is reached. also, the price of bitcoin and gold will never stay down, even if it drops for a short time, it will rise again. so i think if you have enough money, now is the main opportunity to invest.

I have never advised anyone in my life to do a business or invest in something am not sure of. So, since the day I took a bold step to follow a candid counsel to join this forum and learn more about the future of finance and wealth distribution that revolves around bitcoin of whose is cryptocurrencies number one, I have never regretted it till now. Am happy that one may not even need millions to invest in owning some bitcoin at the moment, but what matters is if they have a source of income that would enable them to maintain a strategy of investment until a good time that may be up to 7-10years and in like the bull season where they can sell or reinvest into other businesses or cryptocurrency for better returns or for proper positioning in the financial market.

[ruykeri]

But the reality is frankly different. Not everyone is financially stable or has a risk taking mindset. We have seen in history during the bull runs of 2017 and 2021 many new investors rushed in and sold out in panic when the price dropped again. So technically Bitcoin is actually for everyone but in reality only those people who have the at the end of the day patience understanding and ability to take to be honest risks will succeed.

Patience is very important in investing in Bitcoin. Especially when the price of Bitcoin starts to fall in the market, you have to be mentally stable. Those who are mentally unstable by paying attention to the price fluctuations of the market cannot invest in Bitcoin for a long time. Every investor should set a goal to continue investing until they have enough Bitcoin reserves. It is important to pay attention to the issue of not being forced to sell Bitcoin under any circumstances. And those who start with a 4 to 10 year investment plan, the price of Bitcoin is low or high in the short term does not have much effect on them. It is important to achieve over accumulation status without being satisfied if the profit is 2 or 3 times compared to the investment. As a result, if the income stops in the future or if you retire from your job, you will be able to manage your later life through sustainable withdrawal from Bitcoin. And to create this situation, it is very important to create a mentality of patient, careful planning and long-term investment.