Buy Buy Buy or Sell Sell Sell?

[Princess Leah]

The thing I really like about making bitcoin purchases using the DCA method is that we can focus on other things without worrying that the bitcoins we buy will make us lose money because we only make purchases consistently every week or month without thinking about the price at which we will buy Bitcoin

So it is quite recommended for those who want to implement purchases with the DCA method, you have to work hard in the real world, collect as much money as you can, focus on your work so that you can buy bitcoins regularly without being disturbed by your funds being lacking or running out suddenly

Bitcoin investment might seem tough due to it's long-term  characteristics, holding is not as easy as it seems, but some who's determined to take that risk of investing their spare cash on different intervals wouldn't find it tough like others, that's why one must have a steady source from where they get money and invest some portions be it weekly or monthly, the DCA have even made it more easier so far the investor got steady flow of income, except maybe they're ignorant about it that's when they'll see reason to be scared.

 Asides the DCA, Bitcoin investment is for those with a steady paying job, not for people that wants to risk their cash to make quick money, someone without a job can't even hold for long cause they'll be forced to sell during time of emergencies, their only hope would be one their investment since they don't got other money therefore it's not advised and whether DCA or not an investor should have a job already.

[arwin100]

When you are using the DCA strategy to accumulate then you will surely buy during the dip along the line, for example you are using DCA strategy to Accumulate weekly and a dip happens within the week you want to buy Bitcoin and you bought as usual you have brought during the dip meaning you have benefited from the dip so there's no need struggling to make sure you buy or accumulate during the dip and there's no need waiting for a dip accumulating Bitcoin using the DCA strategy gives you different opportunities and one is accumulating Bitcoin during different Bitcoin price level.

It is the same as buying for the purpose of accumulating more Bitcoin into our own portfolio so it will indeed look good for people who want to do it without having to consider the issue of price declines or price increases more often at any time. Because for those who only want to buy at a certain level of accumulation, they only need to prepare one strategy that is quite suitable for them in addition to preparing money as capital to buy Bitcoin in the market. And if this can be done routinely every week, I think that person will have a better chance of getting the benefits of future profits on the condition that they do not immediately sell it again in the near future.

The thing I really like about making bitcoin purchases using the DCA method is that we can focus on other things without worrying that the bitcoins we buy will make us lose money because we only make purchases consistently every week or month without thinking about the price at which we will buy Bitcoin

So it is quite recommended for those who want to implement purchases with the DCA method, you have to work hard in the real world, collect as much money as you can, focus on your work so that you can buy bitcoins regularly without being disturbed by your funds being lacking or running out suddenly

That's how convenient it is for the investor since we don't need to monitor frequently the price of Bitcoin and we just need to comeback with it once we are ready to accumulate again. Also we will not get bothered much about the volatility since by aiming long term investment it actually eliminate the stress brought up by short term volatilities.

Its really recommended type of investment since aside from its potential, this type of investment doesn't required much huge efforts especially that we don't need to check always the price of Bitcoin. Also we don't need to be so technical dude to earn here. Patience is important and good money flow to make everything happen according to our long term plans for investing on Bitcoin.

[cryptoWODL]

To build a good Bitcoin portfolio, in addition to buying regularly, it may be a good idea to buy a little more aggressively when the market is in dip.

In my opinion a good investment portfolio requires longer time and it is necessary to purchase Bitcoin regularly. Moreover building an investment portfolio requires a lot of patience, time and need to keep themselves steady during the market updown. As you mentioned that buying a little more aggressively when the market is a dip, it is okay but buying it aggressively may have to be considered on your financial ability.

Because the amount of money we budget for our regular Bitcoin purchases comes primarily from our disposable income, that is, from the money in our budget set aside for investments. So I think it might not be wise to aggressively invest all of your hard-earned money, as a result regular Bitcoin purchases may be temporarily halted.

To build a portfolio, you do need patience so that you don't make mistakes or rush into making decisions other than routine purchases. And if your goal is long-term, this is something you must always remember and must be planned and directed well.
I mean because the goal is long-term, planning must be done when you want to make aggressive purchases that you should have planned or prepared well in advance outside of important needs such as reserve funds and also routine purchases that you have set aside outside of those needs, so that you can make aggressive purchases at the right time when the market is down without having to change or sacrifice other important money or money that you have arranged as well as possible just for aggressive purchases and that will only mess up your plan or deviate from what you have arranged well.
And I repeat and remind you that your goal is long-term which means you have plenty of time to build a portfolio well and get to know the market or Bitcoin movement well so that you can do it very well with very thorough preparation so that everything goes well to generate extraordinary profits in the future.

You are right in saying that we need patience and income source and regular purchases to build a good investment portfolio, there are also a few other steps such as staying steady when the market is going down and staying steady when the market is going up and it is most necessary to have a long-term goal. Actually the content of my post was this: When many people see the price of Bitcoin dropping while routine purchase, they try to buy aggressively. Maybe everyone is waiting for this opportunity even purchase with reserve funds and money out of demand. My point is that if we are short of money to buy Bitcoin regularly while buying aggressively, therefore everyone should have a reserve fund.

[justinlamode]

The thing I really like about making bitcoin purchases using the DCA method is that we can focus on other things without worrying that the bitcoins we buy will make us lose money because we only make purchases consistently every week or month without thinking about the price at which we will buy Bitcoin

So it is quite recommended for those who want to implement purchases with the DCA method, you have to work hard in the real world, collect as much money as you can, focus on your work so that you can buy bitcoins regularly without being disturbed by your funds being lacking or running out suddenly

Bitcoin investment might seem tough due to it's long-term  characteristics, holding is not as easy as it seems, but some who's determined to take that risk of investing their spare cash on different intervals wouldn't find it tough like others, that's why one must have a steady source from where they get money and invest some portions be it weekly or monthly, the DCA have even made it more easier so far the investor got steady flow of income, except maybe they're ignorant about it that's when they'll see reason to be scared.

One interesting I found about the DCA method is that it makes the investment easier and without both emotional and financial stress, so I don't agree with you that investing and HODLing Bitcoin is a tough task. If it is tough, it simply means that you are not investing the way you should, maybe you are investing with amount you cannot HODL since the money is for some other basic needs. The DCA method actually afford us the opportunity to Bitcoin in a way that it will be easy and without much stress on our finances. It makes the investing easy as one is leveraging on the power of compounding and gradual growth.

Asides the DCA, Bitcoin investment is for those with a steady paying job, not for people that wants to risk their cash to make quick money, someone without a job can't even hold for long cause they'll be forced to sell during time of emergencies, their only hope would be one their investment since they don't got other money therefore it's not advised and whether DCA or not an investor should have a job already.

The DCA method is not for only those with stead cashflow as I have been made to know by JayJuanGee when someone ask the question in early part of the thread. In his response, even though your cashflow is not regular, you can still figure out a way to invest using the DCA method and that can only require you taking average of how often you receive inflow and then make projections from there. You can be in a type of business that pays at least once in a quarter. You can do your calculations from there by first calculating what your basic needs would be for the quarter, then removing the amount for investment and even emergency funds and some reserve funds.

[Sim_card]

Asides the DCA, Bitcoin investment is for those with a steady paying job, not for people that wants to risk their cash to make quick money, someone without a job can't even hold for long cause they'll be forced to sell during time of emergencies, their only hope would be one their investment since they don't got other money therefore it's not advised and whether DCA or not an investor should have a job already.

The DCA method is not for only those with stead cashflow as I have been made to know by JayJuanGee when someone ask the question in early part of the thread. In his response, even though your cashflow is not regular, you can still figure out a way to invest using the DCA method and that can only require you taking average of how often you receive inflow and then make projections from there. You can be in a type of business that pays at least once in a quarter. You can do your calculations from there by first calculating what your basic needs would be for the quarter, then removing the amount for investment and even emergency funds and some reserve funds.

I agree with you that DCA strategy is not for only people that recieves steady income weekly or monthly, the most important thing is for you to have your means of income and discretionary income available. For instance, a contractor don't get paid weekly or monthly because he depends on getting contracts from companies or the government. Such investor can still use DCA to build and grow his bitcoin investment.

When the contractor gets paid, he will plan on how to manage his funds to sustain him for long before he gets another contract. He can reserve his discretionary income, because he does not want to lump sum all in once. He can divide that money into various weeks and spread them across, since he knows that DCA gives more opportunity to buy bitcoin at various price instead of lump sum. The contractor can also frontload his bitcoin investment.

 What really matters as a bitcoin investor is for you to keep your bitcoin accumulation ongoing with persistent, consistent and aggressively overtime till you reach your bitcoin target and work on how to increase your income.

[Agbamoni]

The DCA method is not for only those with stead cashflow as I have been made to know by JayJuanGee when someone ask the question in early part of the thread. In his response, even though your cashflow is not regular, you can still figure out a way to invest using the DCA method and that can only require you taking average of how often you receive inflow and then make projections from there. You can be in a type of business that pays at least once in a quarter. You can do your calculations from there by first calculating what your basic needs would be for the quarter, then removing the amount for investment and even emergency funds and some reserve funds.

I totally agree here. Dollar cost averaging is not for those who receives salaries alone as that is what most persons think is income. Our income can come from any means. It could be that we are a worker that receive wages, or we are into freelancing, and if we have a business that gives us profits. Even those that go about doing side hustles that may vary from time to time the nature of job they are into. As long as they get their income at the end of the day, and from it they can allocate some percentage of their discretionary income into their investment.

Once you have a source of earning you can invest through DCA in Bitcoin. It doesn't matter if your pay day is weekly, monthly, or can vary based on the nature of job you do. Just focus on the key which is accumulating consistency not instead of focusing where the money comes from.

[len01]

One interesting I found about the DCA method is that it makes the investment easier and without both emotional and financial stress, so I don't agree with you that investing and HODLing Bitcoin is a tough task. If it is tough, it simply means that you are not investing the way you should, maybe you are investing with amount you cannot HODL since the money is for some other basic needs. The DCA method actually afford us the opportunity to Bitcoin in a way that it will be easy and without much stress on our finances. It makes the investing easy as one is leveraging on the power of compounding and gradual growth.

In conclusion, it's just about how someone who wants to start using the method, must have a steady income and be able to manage finances well. That way, no one will feel pressured to invest some of their money to buy bitcoin consistently. Because they can already set aside a little money to save in BTC without having to think about other needs that have been met.

[Gost ms]

Asides the DCA, Bitcoin investment is for those with a steady paying job, not for people that wants to risk their cash to make quick money, someone without a job can't even hold for long cause they'll be forced to sell during time of emergencies, their only hope would be one their investment since they don't got other money therefore it's not advised and whether DCA or not an investor should have a job already.

There are many people who do not have a monthly salary. But they have a stable source of income, they can invest using the DCA method.

Many have a daily source of income, they can buy Bitcoin using the DCA method. Whether you have a monthly salary or a weekly salary, you can buy Bitcoin using the DCA method if you have a stable source of income. Because if you do not have a stable source of income. Then you may not be able to continue investing in Bitcoin consistently.

As soon as you invest, you need to create a reserve fund and an emergency fund. So that when an unexpected disaster happens to you, you do not have to sell your saved Bitcoin. Always try to keep 3 times your stable income in the emergency fund and reserve fund.

[Rabata]

Maybe everyone is waiting for this opportunity even purchase with reserve funds and money out of demand. My point is that if we are short of money to buy Bitcoin regularly while buying aggressively, therefore everyone should have a reserve fund.

As long as the investor has a stable financial situation, accumulating Bitcoin regularly is not a problem. Most of the time, it is seen among investors that they are forced to sell their Bitcoin after a few days of investment. If such a situation happens, then it will definitely be difficult to hold Bitcoin. Especially for those who dream of long-term investment. Having a reserve fund means that a holder will not have to lose Bitcoin suddenly for any reason. For those who buy Bitcoin regularly and hold it, the occasional drop in the price of Bitcoin brings great opportunities. Those who have a good financial situation or those who have a reserve fund get the opportunity to buy more Bitcoin at that time. Which gives the investor more opportunities to grow their portfolio. I definitely agree that having a reserve fund is necessary to hold Bitcoin regularly without interruption.

[Hardyrobust]

The thing I really like about making bitcoin purchases using the DCA method is that we can focus on other things without worrying that the bitcoins we buy will make us lose money because we only make purchases consistently every week or month without thinking about the price at which we will buy Bitcoin

So it is quite recommended for those who want to implement purchases with the DCA method, you have to work hard in the real world, collect as much money as you can, focus on your work so that you can buy bitcoins regularly without being disturbed by your funds being lacking or running out suddenly

Bitcoin investment might seem tough due to it's long-term  characteristics, holding is not as easy as it seems, but some who's determined to take that risk of investing their spare cash on different intervals wouldn't find it tough like others, that's why one must have a steady source from where they get money and invest some portions be it weekly or monthly, the DCA have even made it more easier so far the investor got steady flow of income, except maybe they're ignorant about it that's when they'll see reason to be scared.

 Asides the DCA, Bitcoin investment is for those with a steady paying job, not for people that wants to risk their cash to make quick money, someone without a job can't even hold for long cause they'll be forced to sell during time of emergencies, their only hope would be one their investment since they don't got other money therefore it's not advised and whether DCA or not an investor should have a job already.

Before anyone will talk of starting an investment the person must have a source of income  because without a source of income one cannot talk of investing.same is applicable to bitcoin investment, before one start accumulating bitcoin the person must have a discretionary income from which to invest with.once an investor have a discretionary income he is good to start accumulating bitcoin .The DCA strategies is not for traders that are into bitcoin for quick profit but rather it is for long term investors

[SuperBitMan]

Asides the DCA, Bitcoin investment is for those with a steady paying job, not for people that wants to risk their cash to make quick money, someone without a job can't even hold for long cause they'll be forced to sell during time of emergencies, their only hope would be one their investment since they don't got other money therefore it's not advised and whether DCA or not an investor should have a job already.

There are many people who do not have a monthly salary. But they have a stable source of income, they can invest using the DCA method.

Many have a daily source of income, they can buy Bitcoin using the DCA method. Whether you have a monthly salary or a weekly salary, you can buy Bitcoin using the DCA method if you have a stable source of income. Because if you do not have a stable source of income. Then you may not be able to continue investing in Bitcoin consistently.

As soon as you invest, you need to create a reserve fund and an emergency fund. So that when an unexpected disaster happens to you, you do not have to sell your saved Bitcoin. Always try to keep 3 times your stable income in the emergency fund and reserve fund.

DCA strategy is not only for people that are working and receiving salary monthly or weekly it is also for business people and if you are a business person and you are always making profit daily you can decide to Accumulate daily.
Yeah you are right without a stable source of income is not possible to invest in Bitcoin the reason is that if you don't have a stable source income and you are investing in Bitcoin you will always be tempted to dip hands into your Bitcoin to still home bills like shelter, food, clothes, electric bills etc. Even if you have a very strong emergency, reserves and float funds you can't still succeed in Bitcoin investment without having a stable source of income the reason is that Let's take for example maybe when you has a very good stable source of income you built a very strong emergency, reserve and float funds if you start using all this funds without adding to it again it will finish and when it finishes you have no where to run to anymore apart from your Bitcoin investment so if you want to succeed in your Bitcoin investment you need a stable source of income no matter how little it is.

[Derekfunds]

Asides the DCA, Bitcoin investment is for those with a steady paying job, not for people that wants to risk their cash to make quick money, someone without a job can't even hold for long cause they'll be forced to sell during time of emergencies, their only hope would be one their investment since they don't got other money therefore it's not advised and whether DCA or not an investor should have a job already.

There are many people who do not have a monthly salary. But they have a stable source of income, they can invest using the DCA method.

Many have a daily source of income, they can buy Bitcoin using the DCA method. Whether you have a monthly salary or a weekly salary, you can buy Bitcoin using the DCA method if you have a stable source of income. Because if you do not have a stable source of income. Then you may not be able to continue investing in Bitcoin consistently.

As soon as you invest, you need to create a reserve fund and an emergency fund. So that when an unexpected disaster happens to you, you do not have to sell your saved Bitcoin. Always try to keep 3 times your stable income in the emergency fund and reserve fund.

DCA strategy is not only for people that are working and receiving salary monthly or weekly it is also for business people and if you are a business person and you are always making profit daily you can decide to Accumulate daily.
Yeah you are right without a stable source of income is not possible to invest in Bitcoin the reason is that if you don't have a stable source income and you are investing in Bitcoin you will always be tempted to dip hands into your Bitcoin to still home bills like shelter, food, clothes, electric bills etc. Even if you have a very strong emergency, reserves and float funds you can't still succeed in Bitcoin investment without having a stable source of income the reason is that Let's take for example maybe when you has a very good stable source of income you built a very strong emergency, reserve and float funds if you start using all this funds without adding to it again it will finish and when it finishes you have no where to run to anymore apart from your Bitcoin investment so if you want to succeed in your Bitcoin investment you need a stable source of income no matter how little it is.

You are actually making sense but you should try to be specific on the kind of business you are talking about and also how much profit the business man or woman is making daily because it is not all business that can give you a reasonable profit daily that one will be using to invest daily, investing daily can be really tough and is not actually advisable if you don't have the capacity because if you do, you will have yourself to be blame later. Yes having a stable source of income is good but the most important thing is that the investor must be someone who is interested in Bitcoin accumulation because if the person is not despite having a stable source of income after sometime of investing they will still sell off because they are not interested and some people do it like trying of luck which is still trading.

[ASloveapg]

To build a good Bitcoin portfolio, in addition to buying regularly, it may be a good idea to buy a little more aggressively when the market is in dip.

In my opinion a good investment portfolio requires longer time and it is necessary to purchase Bitcoin regularly. Moreover building an investment portfolio requires a lot of patience, time and need to keep themselves steady during the market updown. As you mentioned that buying a little more aggressively when the market is a dip, it is okay but buying it aggressively may have to be considered on your financial ability.

Because the amount of money we budget for our regular Bitcoin purchases comes primarily from our disposable income, that is, from the money in our budget set aside for investments. So I think it might not be wise to aggressively invest all of your hard-earned money, as a result regular Bitcoin purchases may be temporarily halted.

To build a portfolio, you do need patience so that you don't make mistakes or rush into making decisions other than routine purchases. And if your goal is long-term, this is something you must always remember and must be planned and directed well.
I mean because the goal is long-term, planning must be done when you want to make aggressive purchases that you should have planned or prepared well in advance outside of important needs such as reserve funds and also routine purchases that you have set aside outside of those needs, so that you can make aggressive purchases at the right time when the market is down without having to change or sacrifice other important money or money that you have arranged as well as possible just for aggressive purchases and that will only mess up your plan or deviate from what you have arranged well.
And I repeat and remind you that your goal is long-term which means you have plenty of time to build a portfolio well and get to know the market or Bitcoin movement well so that you can do it very well with very thorough preparation so that everything goes well to generate extraordinary profits in the future.

You are right in saying that we need patience and income source and regular purchases to build a good investment portfolio, there are also a few other steps such as staying steady when the market is going down and staying steady when the market is going up and it is most necessary to have a long-term goal. Actually the content of my post was this: When many people see the price of Bitcoin dropping while routine purchase, they try to buy aggressively. Maybe everyone is waiting for this opportunity even purchase with reserve funds and money out of demand. My point is that if we are short of money to buy Bitcoin regularly while buying aggressively, therefore everyone should have a reserve fund.

There are many things to keep in mind to sustain a long-term investment, you just "invest" and "hold", Easy to say But it is much more difficult to observe it correctly. To keep an investment for the long term, first of all, we need to ensure that we are maintaining financial stability to sustain that investment, and have taken all kinds of steps.

No one can say when the market will go up and when it will go down, but after the market goes down, there are many who panic and decide to sell their holdings, but this is the most wrong thing, because at this point a real long-term investor will focus on buying more.

However, risk management and financial security should always be kept in mind, since the market fluctuates uncertainly, so you cannot decide to sell your holdings at any moment. The reason may be that the market price will dump tomorrow (uncertain), and if you need money tomorrow and you sell your holdings, you will definitely face losses.

Therefore, to keep your holdings safe during such a volatile time, there is no alternative to urgently sell, an emergency fund will ensure your financial stability and someone will keep your holdings safe.

But another important thing is to refrain from panic selling, when the market is down, many investors get scared. And by selling their holdings at that time, they immediately face losses, so you should stay away from this issue. Panic selling will happen only when you do not understand the real potential of Bitcoin. Because those who truly believe in Bitcoin never think about selling, their main purpose is long-term holding, even if Bitcoin decreases, they do not sell, and even if Bitcoin reaches its highest level, they do not think about selling, because they do not take short-term profits, they remain steadfast in their purpose and whatever the price, they only keep holding, this is the real long-term investor.

And the principle of long-term holding is that you don't take short-term profits and don't sell on short-term volatility. Create a financial situation where you can hold your Bitcoin holdings for the long term without interruption and try to buy more Bitcoin at the dip price if you can afford it.

[Mayor of ogba]

Reserve funds is meant to be used for future cost and other unexpected things especially if you don't want to messed up everything especially with your investment started. That's why we should come well prepared so that we will not fall down easily when there's sudden shift of the market knowing how volatile the market is.

Also people should not afraid to use it if this this will give them more good result. But make sure they are not taking everything excessively so that they won't messed up and make sure they follow their plans and so that there's no possible problem will occur to them. For any future issues coming I guess our emergency funds will cover that condition, that's why we need to have proper budgeting and came prepared so that we can make our chance to succeed higher for our Long term investment plan.

We just need to have good discipline and good cashflow to make everything works according to what we like to happen.

Reserve funds is not the same thing as emergency funds and both served different purposes.an investors that has $90 as his dissertation can decide to be using $10 for his weekly or monthly DCA and the remaining $80 in his reserve funds.so when ever a dip occurs he can use money from his reserve funds to buy the dip.He can decide to use 80% , 20% or 5% of his reserve funds to buy the dips depending on the level of the dip and the choice of the investor as to the percentage of his reserve funds he is to use to buy the dips.

Any new investor or low coiner that has a $90 discretionary income, and decided to invest only $10 every week on bitcoin as the amount that he is using to DCA, and keeps $80 in his reserve funds for the dip is not a serious investor and is not ready to build his bitcoin investment in ac fast pace. It's bad to keep too much fiat currency with you all in the name of waiting for the dip that you don't know when it will come.

You will also miss out the good chance of investing aggressively with DCA a neb increase your portfolio faster. The funny thing is that the dip may come or not and before you know it other investors portfolio have grown to a certain height and yours is still very small because the dip does not come all the time, which is why regular DCA is good to keep your accumulation journey ongoing with persistent, consistent and aggressively.

If I was in your shoes, and want to set up my reserve funds, I will use $50 for every week DCA, and keep $25 to build my reserve funds to a certain height, and after that, I will use all the $80 to invest aggressively based on my financial scenario playing out at that moment. It's wrong is you can invest aggressively and you invest in a whimpy way. Your focus when investing on a long term should be how you can keep buying bitcoin continuously, persistently and aggressively or frontload overtime by looking for other means of income to increase your discretionary income and not to be keeping our discretionary income to accumulate bitcoin in a slow pace.

I agree with you here. $90 and $10 man such investor will be seen to be an unserious investor or a greedy one. Only an investor who is not ready to invest properly into Bitcoin will invest only $10 out of the $90 discretionary income. Unless he has other places he is investing into it. Maybe he is diversifying his portfolio so he only choose to invest 9% of his discretionary income in Bitcoin but that is not an ideal way to invest.

For newbies that just started its either they should focus on Bitcoin on the early stage rather than diversifying into several asset with the same frequency they are using to DCA in Bitcoin. After they must have had a good amount of Bitcoin in their portfolio they can choose to diversify. Diversification should come only when they are properly settled with the first Bitcoin investment goal if not they will only end up having little amount of Bitcoin in their portfolio. Meanwhile on the contrary they are jeopardizing their investment gradually thinking they are investing the right way.

I disagree with you, if someone is earning $90 a week or a month and then the person decide to use $10 to be accumulating it is not wrong reason because you don't know what the person is taking care of and before he decided to use $10 it is possible that it is the only money he or she can spare or let go as a matter of fact the $10 is even more than 10% of $90 so it is not wrong rather Bitcoin investment most times is based on capacity how much you can handle your investment so that you don't run into problem.

However, diversifying with the same amount they are using to DCA is not actually wrong, just like i said it depends on individual capacity, anyone who feels he or she can handle or take care of two or more investment then they should go ahead but they should ensure to keep or follow the principles of those investment because every investment has there principles through which one can follow to become successful.

There's nothing wrong if an investor is accumulating bitcoin with $10 because nobody knows if the $10 is his discretionary income or leftover money that he could comfortably accumulate bitcoin with, but you misunderstand the concept that led Sim_card and Pi$$ called the person accumulating bitcoin with $10 an unserious investor. The investor that Sim_card and Pi$$ called an unserious investor had $90 as discretionary income, and he decided to be accumulating bitcoin with $10 on a weekly or monthly basis and keep $80 as a reserve fund to be used and buy bitcoin when there's a dip. Since the investor decided to keep most of his discretionary income as a reserve fund so that he can use it to buy the dip, he is an unserious investor because he doesn't know when a dip will happen, and he wants to use most of his discretionary income to buy the dip, which will delay him from accumulating a reasonable amount of bitcoin since he is not certain when a dip will happen. A smart investor will use most of his discretionary income and accumulate.

[Mayor of ogba]

Reserve funds is meant to be used for future cost and other unexpected things especially if you don't want to messed up everything especially with your investment started. That's why we should come well prepared so that we will not fall down easily when there's sudden shift of the market knowing how volatile the market is.

Also people should not afraid to use it if this this will give them more good result. But make sure they are not taking everything excessively so that they won't messed up and make sure they follow their plans and so that there's no possible problem will occur to them. For any future issues coming I guess our emergency funds will cover that condition, that's why we need to have proper budgeting and came prepared so that we can make our chance to succeed higher for our Long term investment plan.

We just need to have good discipline and good cashflow to make everything works according to what we like to happen.

Reserve funds is not the same thing as emergency funds and both served different purposes.an investors that has $90 as his dissertation can decide to be using $10 for his weekly or monthly DCA and the remaining $80 in his reserve funds.so when ever a dip occurs he can use money from his reserve funds to buy the dip.He can decide to use 80% , 20% or 5% of his reserve funds to buy the dips depending on the level of the dip and the choice of the investor as to the percentage of his reserve funds he is to use to buy the dips.

Any new investor or low coiner that has a $90 discretionary income, and decided to invest only $10 every week on bitcoin as the amount that he is using to DCA, and keeps $80 in his reserve funds for the dip is not a serious investor and is not ready to build his bitcoin investment in ac fast pace. It's bad to keep too much fiat currency with you all in the name of waiting for the dip that you don't know when it will come.

You will also miss out the good chance of investing aggressively with DCA a neb increase your portfolio faster. The funny thing is that the dip may come or not and before you know it other investors portfolio have grown to a certain height and yours is still very small because the dip does not come all the time, which is why regular DCA is good to keep your accumulation journey ongoing with persistent, consistent and aggressively.

If I was in your shoes, and want to set up my reserve funds, I will use $50 for every week DCA, and keep $25 to build my reserve funds to a certain height, and after that, I will use all the $80 to invest aggressively based on my financial scenario playing out at that moment. It's wrong is you can invest aggressively and you invest in a whimpy way. Your focus when investing on a long term should be how you can keep buying bitcoin continuously, persistently and aggressively or frontload overtime by looking for other means of income to increase your discretionary income and not to be keeping our discretionary income to accumulate bitcoin in a slow pace.

I agree with you here. $90 and $10 man such investor will be seen to be an unserious investor or a greedy one. Only an investor who is not ready to invest properly into Bitcoin will invest only $10 out of the $90 discretionary income. Unless he has other places he is investing into it. Maybe he is diversifying his portfolio so he only choose to invest 9% of his discretionary income in Bitcoin but that is not an ideal way to invest.

For newbies that just started its either they should focus on Bitcoin on the early stage rather than diversifying into several asset with the same frequency they are using to DCA in Bitcoin. After they must have had a good amount of Bitcoin in their portfolio they can choose to diversify. Diversification should come only when they are properly settled with the first Bitcoin investment goal if not they will only end up having little amount of Bitcoin in their portfolio. Meanwhile on the contrary they are jeopardizing their investment gradually thinking they are investing the right way.

I disagree with you, if someone is earning $90 a week or a month and then the person decide to use $10 to be accumulating it is not wrong reason because you don't know what the person is taking care of and before he decided to use $10 it is possible that it is the only money he or she can spare or let go as a matter of fact the $10 is even more than 10% of $90 so it is not wrong rather Bitcoin investment most times is based on capacity how much you can handle your investment so that you don't run into problem.

When it comes to bitcoin investment it is advised we use only our Discretionary income to accumulate so it is not about the amount of money you are earning weekly or monthly it is about how much discretionary income that is lift for you, so if you are earning $100 or $300 weekly or monthly and the only money lift as your discretionary income for that week or month is just $10 or more then that is the only money you should use for your accumulation if you use more than that then you may face financial issues later in the future that may lead you to dip hands into your Bitcoin investment so it is better to stick only to your discretionary income to avoid delay in your Bitcoin accumulation journey, it is better to invest in the right way than investing in the wrong way.
Some set of people has messed up there Bitcoin investment because they wanted to catch up, Bitcoin is still growing so no need to rush accumulate with just your Discretionary income no matter how little it is, it will save you from messing up your investment.

You’re right to some certain point, yeah if you go into investing in bitcoin with money you can’t stay without using for long you may end up regretting , in situation like this recent dip in market if you use such money like your house rent , school fee etc to invest the chances of you selling in loss is pretty high so avoid such .


When investing in bitcoin there are sometimes you need to be aggressive because if you continue to use only little percentage of your money , you will only slow things down like using $10 while you know you can increase it without it affecting you financially, like times like this with the market recent dips some folks tend to be more aggressive in their accumulation trying to make better use of any opportunity they got but without over doing it though which will speed up the pace and same time be in a safer side .

Anyone that uses his house rent or school fee to invest in bitcoin will surely end up selling his bitcoin even though he is at a loss because he is not financially stable to start up a bitcoin investment, but he forces himself to be among investors who are investing in bitcoin, and he uses the money that is meant to take care of his very important need in his life that he can't skip to settle when the need arises, so for people to avoid selling their bitcoin during their accumulation journey, they should always use their leftover money to invest in bitcoin so that they will not be forced into selling their bitcoin at a loss to get their daily expenses sorted out.

[JayJuanGee]

Asides the DCA, Bitcoin investment is for those with a steady paying job, not for people that wants to risk their cash to make quick money, someone without a job can't even hold for long cause they'll be forced to sell during time of emergencies, their only hope would be one their investment since they don't got other money therefore it's not advised and whether DCA or not an investor should have a job already.

The DCA method is not for only those with stead cashflow as I have been made to know by JayJuanGee when someone ask the question in early part of the thread. In his response, even though your cashflow is not regular, you can still figure out a way to invest using the DCA method and that can only require you taking average of how often you receive inflow and then make projections from there. You can be in a type of business that pays at least once in a quarter. You can do your calculations from there by first calculating what your basic needs would be for the quarter, then removing the amount for investment and even emergency funds and some reserve funds.

Of course, it is more difficult to manage your expenses when you are getting paid in very long time periods such as once a quarter.  It is going to be more challenging, in those kinds of circumstances of in frequent pay.  Yet, I believe that my earlier examples irregular pay were more about people who might have uncertainty in their pay and their expenses both in terms of the amounts and the frequency, and so if there is a lot of uncertainty, DCA can still be accomplished, even weekly, yet more preparations are likely going to be needed in the cases that pay and/or expenses are irregular in terms of their frequency and/or their amounts... so we try to control as many of the variables that we can, which also might mean that we have to hold back more cash  in order to be sure to cover our discretionary income irregularities.

[Sjkah]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

Here's what Bitcoin is all about. Buying and selling Bitcoin is entirely up to you.

[laijsica]

The thing I really like about making bitcoin purchases using the DCA method is that we can focus on other things without worrying that the bitcoins we buy will make us lose money because we only make purchases consistently every week or month without thinking about the price at which we will buy Bitcoin

So it is quite recommended for those who want to implement purchases with the DCA method, you have to work hard in the real world, collect as much money as you can, focus on your work so that you can buy bitcoins regularly without being disturbed by your funds being lacking or running out suddenly

Bitcoin investment might seem tough due to it's long-term  characteristics, holding is not as easy as it seems, but some who's determined to take that risk of investing their spare cash on different intervals wouldn't find it tough like others, that's why one must have a steady source from where they get money and invest some portions be it weekly or monthly, the DCA have even made it more easier so far the investor got steady flow of income, except maybe they're ignorant about it that's when they'll see reason to be scared.

 Asides the DCA, Bitcoin investment is for those with a steady paying job, not for people that wants to risk their cash to make quick money, someone without a job can't even hold for long cause they'll be forced to sell during time of emergencies, their only hope would be one their investment since they don't got other money therefore it's not advised and whether DCA or not an investor should have a job already.

Before anyone will talk of starting an investment the person must have a source of income  because without a source of income one cannot talk of investing.same is applicable to bitcoin investment, before one start accumulating bitcoin the person must have a discretionary income from which to invest with.once an investor have a discretionary income he is good to start accumulating bitcoin .The DCA strategies is not for traders that are into bitcoin for quick profit but rather it is for long term investors

It is a simple consideration that an investor should have alternative sources of income and also if you have extra money to invest then Bitcoin would be the best venture for you. Your objective is to hold Bitcoin and your effort to be long term is DCA or single investment. Bitcoin is only recommended for newbies who do not bear additional risk in DCA strategy. The review of discretionary income source that you mentioned is that it is a long term investment endeavor where an investor is looking for a great strategy for his future.

[JayJuanGee]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

Here's what Bitcoin is all about. Buying and selling Bitcoin is entirely up to you.

Buying and selling is dumb.  So yeah, if you want to be dumb, sell bitcoin.

If you want to be smart, buy bitcoin and figure out some kind of a reasonable bitcoin stack target size based on your own individual factors.

Trading bitcoin is retarded, especially if you are able to recognize and appreciate that bitcoin is amongst the best (if not the best) of investment assets currently available to everyone all across the world.  So it would not be too bright to be fucking around with trying to trade the best investment asset that is currently available. .. yet it would be a good idea to learn about bitcoin, especially if you are dumb enough to be considering bitcoin as a trade rather than as an investment.

[Gost ms]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

Here's what Bitcoin is all about. Buying and selling Bitcoin is entirely up to you.

If I understand correctly, you may have heard about short-term investment or trading. Never take advice from someone and immediately fall into the trap of investing. You can get basic knowledge from someone. Then do some research on your own and find out some information, after which if you think it is suitable for you, then you can invest. Short-term investment or trading is very risky for a new investor. Because even if a new investor learns trading, it is very risky for him. The short-term market is very volatile, you can't tell what will happen anytime. Always try to keep yourself away from short-term investment or trading. Always try to invest long-term. The risk of long-term investment is much lower.

Bitcoin is a digital currency or cryptocurrency. No bank or any person has control over Bitcoin or cryptocurrency. You can easily transact through Bitcoin or cryptocurrency. Currently, there are many cryptocurrencies in the market, among which Bitcoin is the best. It can be said that Bitcoin is the king in the world of cryptocurrency. Bitcoin works on the blockchain system. In terms of security, Bitcoin is above all.