Buy Buy Buy or Sell Sell Sell?

[sotelorene]

The poor can only use one third of their daily income for investment.

Using one third of your income to invest in bitcoin as a poor man means that you might be investing over aggressively because you will not have much extra funds on you after taking care of your monthly expenses and needs. However, I think 10% of your income is cool to invest in bitcoin and not 33.33%.

It still all depends on how much is the poor person daily needs and discretionary income. It's his discretionary income that he can only  use to invest in bitcoin so that you don't use the funds for your basic needs to buy bitcoin, because it's gambling and you will sell your bitcoin in the short run when you needs arise.

You are right; if a poor man uses 33.33% of his income and invests in bitcoin, that means he or she is already investing in bitcoin aggressively because the remaining 66.66% of his or her income will not be enough to take care of his or her monthly expenses, which might make him or her sell off his or her bitcoin to get his or her monthly expenses sorted out. Bitcoin is a long-term investment, so there's no need to be aggressive in investing in bitcoin if you know too well it stops you from sorting out your daily expenses. As a poor man, using 10% of your monthly income is the best thing to do at the moment so that you will not find it hard to solve your daily expenses, but you can increase the percentage when you have work on your monthly income to a good one, which will give you good discretionary income to invest in bitcoin and also solve your daily expenses easily.

DCA method is actually for this type of investment, where someone from a poor or middle-class family will regularly invest a percentage (no matter how small) of their income in Bitcoin. The percentage of investment will depend on the amount of their income. However, I think that a small part of the income, such as 10%, allocated for investment will be a satisfactory percentage of investment.
In the current era, the average income of every poor family is at least $150 to $200. And the average income of every middle-class family is at least $350 to $400, in this case, if a poor family invests 10% of Bitcoin on a monthly basis in DCA, its monthly Bitcoin investment will be $15 to $20, and a middle-class family's monthly investment will be $35 to $40 as 10%. But, if a middle-class person wants to invest 20% to 30% of their money, they can easily invest $100 in DCA on a monthly basis.
Therefore, it is enough to start investing this amount as their income, they can increase the percentage of investment as their income increases in the future. And thus they will continue to slowly grow their Bitcoin investment stash, and if it continues to do so in the long term (at least 10 years), they may get something better than they expected in the future, from which they will be able to improve their financial situation a lot in the future.

That is how some people use to enriched themselves in this community, because they take the advantage of dollar cost average method to continue purchasing Bitcoin from both bullish season and bearish season, because they know that before they will trade the Bitcoin the price will double up for them to achieve passive income from their holding. You don't need to have huge amount of capital before you can start using dollar cost average method to accumulate Bitcoin, because you can use any amount of funds to purchase Bitcoin but let it be in the bearish season, because that is what will make your wish to come to reality when you are about to release them for sale in the market and you will like using that method to accumulate Bitcoin. I have try it and it favour me in the past which am still using dollar cost average method to accumulate Bitcoin whenever the bearish season appear, because I have other sources of income that is making me not to sell Bitcoin in a short term.

The advantages of depositing using the Dollar Cost Averaging (DCA) method are many. This is a strategy where anyone can consistently buy Bitcoin with a certain amount of money. You can buy Bitcoin worth $50 or $100 with the money you have in your hand once a month. In that case, there is no reason for the person to worry about the price of Bitcoin decreasing or increasing. The right time to buy Bitcoin is the bearish season, that is, when the price is low, there is a golden opportunity to buy Bitcoin. You do not have to sell any land to buy Bitcoin, that is, there is no need for a large amount of money. What is needed is your ability to hold it. Because those who hold BTC for a long time benefit from the increase in the price of BTC over time.

We all know there are so many advantage in investing using the Dollar Cost Average (DCA) method but yet some investors are not doing it right and one can't get this advantages if they are not doing it right such as being consistent, patient, discipline etc. However, the bearish period or season only seems to be the right time because one can lump sum this period that is if they have the money to... But aside that there's no right time to buy Bitcoin because so long as you are buying and holding for a long period of time definitely you are going to grow your portfolio regardless. Note bearish only give investors with money perhaps reserved or emergency funds the opportunity to increase their portfolio.

[Miles2006]

So far I am still holding back, and trying to increase the assets I have. Selling, buying, or holding is an absolute decision that every investor has. However, before making that decision, it would be better if we did some research. Each person here may have a different portfolio, so their decision choices will be different. So far I prefer to hold and collect assets.

I assume you are talking about investing in different assets, but I want you to understand that there's no need to diversify your investment to another asset when you haven't yet accumulated the amount of bitcoin you want. If you diversify your investment now, it will only distract you from your Bitcoin investment, which might likely get you off the game because you will not have enough money left to take care of your daily expenses.

If an investor is initially interested in diversification, then he will definitely face obstacles in his Bitcoin investment. If a Bitcoin investor thinks differently until he holds as much Bitcoin as he is able to invest, then his Bitcoin investment can have major problems. If a new investor has a good idea about diversification and if he is supported by investing a certain amount of money in Bitcoin, then he can diversify his investment. But in most cases, the mistakes that new holders make are that they get attracted to other coins after investing in Bitcoin and later they lose that money. When a Bitcoin investor is able to gain proper knowledge about Bitcoin, he will definitely be able to hold Bitcoin for the long term, which will help him maximize his holdings.

It’s totally correct to say newbies don’t need diversification, for the fact it’s generally stated going all into bitcoin is wrong doesn’t mean anyone should play with their investment at an early stage. While accumulating bitcoin it’s best an investor focus more on bitcoin for a good portfolio, diversification can be considered when attaining a balance portfolio and at some point we don’t know the initial level we need talk more of a good investment size. At some point diversification can be considered as a distraction but, for those who understands bitcoin investment I’m referring to the OG can consider diversify as an alternative secondly altcoins don’t stand as a distraction for those who know bitcoin worth.
 

[Mayor of ogba]

The poor can only use one third of their daily income for investment.

Using one third of your income to invest in bitcoin as a poor man means that you might be investing over aggressively because you will not have much extra funds on you after taking care of your monthly expenses and needs. However, I think 10% of your income is cool to invest in bitcoin and not 33.33%.

It still all depends on how much is the poor person daily needs and discretionary income. It's his discretionary income that he can only  use to invest in bitcoin so that you don't use the funds for your basic needs to buy bitcoin, because it's gambling and you will sell your bitcoin in the short run when you needs arise.

You are right; if a poor man uses 33.33% of his income and invests in bitcoin, that means he or she is already investing in bitcoin aggressively because the remaining 66.66% of his or her income will not be enough to take care of his or her monthly expenses, which might make him or her sell off his or her bitcoin to get his or her monthly expenses sorted out. Bitcoin is a long-term investment, so there's no need to be aggressive in investing in bitcoin if you know too well it stops you from sorting out your daily expenses. As a poor man, using 10% of your monthly income is the best thing to do at the moment so that you will not find it hard to solve your daily expenses, but you can increase the percentage when you have work on your monthly income to a good one, which will give you good discretionary income to invest in bitcoin and also solve your daily expenses easily.

DCA method is actually for this type of investment, where someone from a poor or middle-class family will regularly invest a percentage (no matter how small) of their income in Bitcoin. The percentage of investment will depend on the amount of their income. However, I think that a small part of the income, such as 10%, allocated for investment will be a satisfactory percentage of investment.
In the current era, the average income of every poor family is at least $150 to $200. And the average income of every middle-class family is at least $350 to $400, in this case, if a poor family invests 10% of Bitcoin on a monthly basis in DCA, its monthly Bitcoin investment will be $15 to $20, and a middle-class family's monthly investment will be $35 to $40 as 10%. But, if a middle-class person wants to invest 20% to 30% of their money, they can easily invest $100 in DCA on a monthly basis.
Therefore, it is enough to start investing this amount as their income, they can increase the percentage of investment as their income increases in the future. And thus they will continue to slowly grow their Bitcoin investment stash, and if it continues to do so in the long term (at least 10 years), they may get something better than they expected in the future, from which they will be able to improve their financial situation a lot in the future.

That is how some people use to enriched themselves in this community, because they take the advantage of dollar cost average method to continue purchasing Bitcoin from both bullish season and bearish season, because they know that before they will trade the Bitcoin the price will double up for them to achieve passive income from their holding. You don't need to have huge amount of capital before you can start using dollar cost average method to accumulate Bitcoin, because you can use any amount of funds to purchase Bitcoin but let it be in the bearish season, because that is what will make your wish to come to reality when you are about to release them for sale in the market and you will like using that method to accumulate Bitcoin. I have try it and it favour me in the past which am still using dollar cost average method to accumulate Bitcoin whenever the bearish season appear, because I have other sources of income that is making me not to sell Bitcoin in a short term.

The advantages of depositing using the Dollar Cost Averaging (DCA) method are many. This is a strategy where anyone can consistently buy Bitcoin with a certain amount of money. You can buy Bitcoin worth $50 or $100 with the money you have in your hand once a month. In that case, there is no reason for the person to worry about the price of Bitcoin decreasing or increasing. The right time to buy Bitcoin is the bearish season, that is, when the price is low, there is a golden opportunity to buy Bitcoin. You do not have to sell any land to buy Bitcoin, that is, there is no need for a large amount of money. What is needed is your ability to hold it. Because those who hold BTC for a long time benefit from the increase in the price of BTC over time.

However, the bearish period or season only seems to be the right time because one can lump sum this period that is if they have the money to...

Buying the dip is very good if you have enough money that will allow you to utilize the opportunity whenever a dip happens because you will be buying a lot of bitcoin at a low price and with less money, but it is not the right time to buy bitcoin because the dip doesn't happen frequently. The right time to buy bitcoin is when your money is readily available, and you use it right away to buy bitcoin immediately without waiting for the bitcoin price to drop. But if you still want to buy the dip, there's a strategy that will allow you to buy the dip and still be consistent in accumulating bitcoin with the DCA strategy. If you have a good discretionary income, you can divide your bitcoin investment money into two parts of 70 percent and 30 percent. You can use the 30 percent to buy bitcoin whenever a dip happens and use the 70 percent to consistently accumulate bitcoin with the DCA strategy, which will allow you to take advantage of the market.

[JayJuanGee]

To have a good portfolio, one needs to stand well on his two financially - it's essential due to the fact that your investment is like a garden of sorts - you can't reap what you sow if you don't look after it well,

You are wrong no matter any garden you have planted there is nothing will make you not to reap it even if you don't take good care of it but however the only problem you will have is that lack of good maintenance of the garden will make those fruits or plant not to be too fruitful to produce what is being intended for it, so saying that the person will not reap what they sow is wrong because is as if they would be deprive of there ownership to the garden, so arriving to Bitcoin investment is also the same because if you put little on Bitcoin is also the little you can get so nobody will take it away from you because you did not invest more by taking care of.

You are wrong; if you invest in bitcoin and don't take good care of it in the sense that you don't make provision for emergency funds, reserve funds, and floats, and also use the money you will not need for 4-10 years or more to invest in bitcoin, you are likely to fail on your bitcoin investment because when your unforeseen problems arise, there will be no emergency funds that will help you to solve those problems, and you will depend on selling your bitcoin investment to solve your unforeseen problems, which might get you off the game partially or permanently. Anyone that is investing in bitcoin needs to plan his or her bitcoin investment very well and figure out how much of his or her discretionary income will be used to invest in bitcoin in such a way that he or she will always solve his or her daily expenses, which will allow him or her to hold his or her bitcoin investment for a long time.

In fact, many investors forget these things before starting to invest, they start investing without arranging an emergency fund, a reserve fund. As a result, in any unexpected situation, having no way out, they sell their Bitcoin holdings, as a result of which they often face losses.

There's nothing wrong with starting a bitcoin investment without making provisions for emergency funds, reserve funds, and floats at the beginning of your investment. You can start your bitcoin investment without keeping emergency funds, reserve funds, and floats at the beginning of your investment, but you can build up these funds up to 3 months as you are accumulating bitcoin. It is only when you fail to build up these funds as you are accumulating bitcoin that you will find it very difficult solving your unforeseen problems when they arise.

Having an emergency fund is never a criteria to be emphasised prior to starting your investment, get the fucking started and figure that out down the road. It only becomes problematic when it is being ignored Perhaps emergency fund is very necessary in life generally let alone towards your investment, the point is to have an ongoing investment and figure out how much should kept or added to your emergency fund, by definition an emergency is meant to be built up to 3 to 6 months worth of our expenses and of which we shouldn't be waiting but should be done along side with our investment which is better than procrastinating ever buying Bitcoin.

The main first point anyone needs to have when getting started in bitcoin is to assess that they have discretionary income, so if they assess that they have discretionary income, then they can get started.

Now if their cashflow, expenses, and income are a very BIG mess, and they cannot really be sure if they have discretionary income, then they have to get that in order too.  It is like someone calling you out and asking you if you can go out to a nice restaurant to eat.  Usually, you spend between $3 to $15 for the ingredients and preparation costs of your regular meals, yet you know that if you go to the nice restaurant that is being suggested, it is going to cost you at least $50, and it might cost you even a bit more.  So you have a question in your head about whether you have the $50 or not.  If you do, then you have discretionary income that you could also choose to spend in bitcoin rather than going to that nice restaurant.

Guys might assess their income and their expenses and they make mistakes, yet guys already know where they are at, and they might need to fix their expenses, yet they should be able to figure out if they have discretionary income to get started investing into bitcoin whether it is $10 or $100 or some other amount, and like you said Tmoonz the various details of how to continue and how to get finances in order which may well include reigning in some of the expenses and/or perhaps improving income.

Having an emergency fund is never a criteria to be emphasised prior to starting your investment, get the fucking started and figure that out down the road. It only becomes problematic when it is being ignored Perhaps emergency fund is very necessary in life generally let alone towards your investment, the point is to have an ongoing investment and figure out how much should kept or added to your emergency fund, by definition an emergency is meant to be built up to 3 to 6 months worth of our expenses and of which we shouldn't be waiting but should be done along side with our investment which is better than procrastinating ever buying Bitcoin.

Whether people are involved in investment or not, they definitely keep a fund ready for emergencies. We investors know this is an emergency fund and those who do not have much knowledge about investment may not know this is an emergency fund. But in our family life, most of us try to keep one fund from the beginning of our career, but we cannot name it.

If you are interested in investing and are ready to invest, then waiting for your emergency fund will not be a good idea at all. You should enter into investment without any hesitation and continue to gain knowledge about investment. For a new investor, it is more important to focus on investment than on emergency fund. However, you should keep in mind that your source of income should be sufficient to invest and prepare an emergency fund with the remaining money after meeting daily needs. When your investment becomes significant, you may need an emergency fund to maintain your investment for the long term. Remember, investment first, then emergency fund. That is, if you think about tree maintenance before planting trees or delay planting trees to make maintenance arrangements, you will make a mistake. Plant trees first and then make maintenance arrangements.

I am not totally opposed to your idea of invest first and then get your emergency fund in order, since there are likely a certain number of folks who already keep 2- 6 weeks of cash on hand, yet I think that it could be problematic to invest large amounts into bitcoin (such as a lump sum), and then the bitcoin ends up serving as an emergency fund, which is very problematic since it is not in the local currency, and then it just becomes more and  more likely that the bitcoin would end up getting tapped into.

so if a person has 4 weeks of cash on hand, he might be able to invest 4 weeks of value into bitcoin and then they are equal, and then a good approach might be to build them at the same rate until they get to the minimum emergency fund size of 3 months... So then each of them are three months, and so after that more emphasis could go towards building the bitcoin rather than the emergency funds, yet if a person were to ONLY have 3 months of emergency funds and nothing else, then it could well end up happening that he is always tapping into his emergency fund and then having to build it back up to the 3 months minimum... so there becomes more and more justification to build cash in a variety of different reserve funds that you would tap into the other various reserve funds before tapping into your emergency fund, and there would be less urgency to rebuild the other reserve funds, yet each of us have our various priorities, and things that we might be saving up for (or that we want to have extra money for certain extra expenses that we consider to be coming down the road). 

So examples of various reserve funds might be 1) needing to upgrade our computer or phone 2) needing to save up for a vacation or a date with wife/spouse 3) buying a birthday present for a kid 4) maintenance on our house (fixing the sink), 5) buying a motorcycle, car or repairing the one we have  6) buying some clothes  7) buying some furniture  and other kinds of upcoming and anticipated expenses that may or may not have deadlines and priorities.

[Pi-network314159]

The main first point anyone needs to have when getting started in bitcoin is to assess that they have discretionary income,

The main priority for bitcoin investment is discretion income,  when you think of bitcoin investment think of discretion income. as it is the backup force that keep investment moving. Just like the petrol that fuels a vehicle.  

so if they assess that they have discretionary income, then they can get started.

Sometimes people overly get worked up by thinking how investment can be possible considering the amount they received in their  place of work without considering that they can First build up there discretion fund for 2week or a month before starting investing from there discretion, So that even if their pay rate is low, they might not be worried, because they have front load their discretion and it will reduce the level of thinking about their low comes generation. This statement is for those low salary earners who thinks on how their salary cans be sustainable including their discretion.

It is like someone calling you out and asking you if you can go out to a nice restaurant to eat.  Usually, you spend between $3 to $15 for the ingredients and preparation costs of your regular meals, yet you know that if you go to the nice restaurant that is being suggested, it is going to cost you at least $50, and it might cost you even a bit more.  So you have a question in your head about whether you have the $50 or not.  If you do, then you have discretionary income that you could also choose to spend in bitcoin rather than going to that nice restaurant.

Yeah this could be another explanation of discretion.  Being able to afford a meal of $50 or not is determined by your level of discretion. If a person often spend some bucks on food like 5-$10 and decide to have a nice and more decent meal for an outing depends on his discretion. He may chose to buy a meal of $50 or decide to invest it on bitcoin and go back home to eat his regular meal just being financially wise is the case.  But If also he has a more decent amount in his discretion then he may well spend the $50 and yet not being affected by his regular investments. So the main point is that weather you chose to increase or decrease in our spending all
Depends in your discretion.

[JayJuanGee]

The main first point anyone needs to have when getting started in bitcoin is to assess that they have discretionary income,

The main priority for bitcoin investment is discretion income,  when you think of bitcoin investment think of discretion income. as it is the backup force that keep investment moving. Just like the petrol that fuels a vehicle.  

so if they assess that they have discretionary income, then they can get started.

Sometimes people overly get worked up by thinking how investment can be possible considering the amount they received in their  place of work without considering that they can First build up there discretion fund for 2week or a month before starting investing from there discretion, So that even if their pay rate is low, they might not be worried, because they have front load their discretion and it will reduce the level of thinking about their low comes generation. This statement is for those low salary earners who thinks on how their salary cans be sustainable including their discretion.

You seem to be misusing the term discretionary income and describing it in a bit of confusing ways, since the first thing is to likely assess whether you have it rather than to build it up.

Discretionary income is simply the amount of money that a person has after accounting for expenses, or put another way, the difference between income and expenses.  Of course anyone can increase their discretionary income by increasing income and/or by cutting expenses.

If a guy is wanting to increase his cash cushion prior to investing into bitcoin, then surely he could do that, and with that I am referring to increasing the various kinds of back up funds that are related to emergency funds, reserve funds and float, yet there would be any need to increase any of those prior to starting to invest into bitcoin, unless a person might not be certain of how much discretionary income that he has, so that if his expenses and his income or not very certain, then there maybe some desires to keep extra amounts of cash on hand in order to be sure that there is enough to cover all expenses that come in for the month (or until the next time income comes in), so surely folks who have less certain income and even uncertain expenses, then he might have to keep more cash on hand to make sure that he has enough extra income that he is able to pay for expenses prior to investing into bitcoin, and that would just have to do with uncertainties in establishing his level of discretionary income in order to know that he is able to invest and that he has actual extra (or left over income) that is available once all of the monthly expenses are covered.

I would speculate that an overwhelming majority of people try to keep at least 2-6 weeks of extra money in case they have trouble with their income and/or their expenses so that they don't necessarily suffer from any unnecessary emergencies due to lack of preparation.  At the same time, we know that bitcoin requires a 4-10 year or more commitment in order to be investing into it rather than trading (or gambling) with it, so there are some needs for achieving extra levels of certainties in regards to bitcoin holdings especially as the quantity of the bitcoin investment starts to build and gain value, so there are more and more needs to have extra back up funds when the bitcoin stash is higher so that there is never any need to cash out of bitcoin at a time that is other than our completely own choosing, which also means that we should not be using bitcoin as our emergency funds, especially if we are trying to be serious as an investor rather than a trader(gambler) with our bitcoin.

It is like someone calling you out and asking you if you can go out to a nice restaurant to eat.  Usually, you spend between $3 to $15 for the ingredients and preparation costs of your regular meals, yet you know that if you go to the nice restaurant that is being suggested, it is going to cost you at least $50, and it might cost you even a bit more.  So you have a question in your head about whether you have the $50 or not.  If you do, then you have discretionary income that you could also choose to spend in bitcoin rather than going to that nice restaurant.

Yeah this could be another explanation of discretion.  Being able to afford a meal of $50 or not is determined by your level of discretion. If a person often spend some bucks on food like 5-$10 and decide to have a nice and more decent meal for an outing depends on his discretion. He may chose to buy a meal of $50 or decide to invest it on bitcoin and go back home to eat his regular meal just being financially wise is the case.  But If also he has a more decent amount in his discretion then he may well spend the $50 and yet not being affected by his regular investments. So the main point is that weather you chose to increase or decrease in our spending all
Depends in your discretion.

Part of the reason that we label discretionary income as discretionary is because it describes such income as extra.  We can do whatever we want with that income.  We can choose to consume with it or invest with it or we can choose to gamble with it or to buy cigarettes with it.   Most people are not going to invest with 100% of their discretionary income, frequently they are going to have different things that they like to (or want to do) with their discretionary income.  Surely if we choose to live a real frugal lifestyle, then we will have more discretionary income, yet many folks want to have some luxuries in life from time to time, including maybe instead of wearing used clothes and hand-me-downs and searching for free or low cost items, sometimes folks will buy some clothes that are nicer or are higher priced or that they have a brand name rather than a non-brand name because they want the status of the piece of clothing.  Sometimes it might even be a business decision to buy more expensive things in order to set an image that might attract higher quality customers, and surely those tactics are not always necessary, yet sometimes there might be some necessity to buy more expensive things just to attract certain kinds of customers or maybe trying to attract a life-partner, there might be needs to spend more in order to have higher levels of success to both attract and maintain the interest of a life partner that is of your choosing... or who you might not yet know.

[Tonimez]

The main first point anyone needs to have when getting started in bitcoin is to assess that they have discretionary income,

The main priority for bitcoin investment is discretion income,  when you think of bitcoin investment think of discretion income. as it is the backup force that keep investment moving. Just like the petrol that fuels a vehicle.  

so if they assess that they have discretionary income, then they can get started.

Sometimes people overly get worked up by thinking how investment can be possible considering the amount they received in their  place of work without considering that they can First build up there discretion fund for 2week or a month before starting investing from there discretion, So that even if their pay rate is low, they might not be worried, because they have front load their discretion and it will reduce the level of thinking about their low comes generation. This statement is for those low salary earners who thinks on how their salary cans be sustainable including their discretion.

You seem to be misusing the term discretionary income and describing it in a bit of confusing ways, since the first thing is to likely assess whether you have it rather than to build it up.

Discretionary income is simply the amount of money that a person has after accounting for expenses, or put another way, the difference between income and expenses.  Of course anyone can increase their discretionary income by increasing income and/or by cutting expenses.

If a guy is wanting to increase his cash cushion prior to investing into bitcoin, then surely he could do that, and with that I am referring to increasing the various kinds of back up funds that are related to emergency funds, reserve funds and float, yet there would be any need to increase any of those prior to starting to invest into bitcoin, unless a person might not be certain of how much discretionary income that he has, so that if his expenses and his income or not very certain, then there maybe some desires to keep extra amounts of cash on hand in order to be sure that there is enough to cover all expenses that come in for the month (or until the next time income comes in), so surely folks who have less certain income and even uncertain expenses, then he might have to keep more cash on hand to make sure that he has enough extra income that he is able to pay for expenses prior to investing into bitcoin, and that would just have to do with uncertainties in establishing his level of discretionary income in order to know that he is able to invest and that he has actual extra (or left over income) that is available once all of the monthly expenses are covered.

I would speculate that an overwhelming majority of people try to keep at least 2-6 weeks of extra money in case they have trouble with their income and/or their expenses so that they don't necessarily suffer from any unnecessary emergencies due to lack of preparation.  At the same time, we know that bitcoin requires a 4-10 year or more commitment in order to be investing into it rather than trading (or gambling) with it, so there are some needs for achieving extra levels of certainties in regards to bitcoin holdings especially as the quantity of the bitcoin investment starts to build and gain value, so there are more and more needs to have extra back up funds when the bitcoin stash is higher so that there is never any need to cash out of bitcoin at a time that is other than our completely own choosing, which also means that we should not be using bitcoin as our emergency funds, especially if we are trying to be serious as an investor rather than a trader(gambler) with our bitcoin.

It is like someone calling you out and asking you if you can go out to a nice restaurant to eat.  Usually, you spend between $3 to $15 for the ingredients and preparation costs of your regular meals, yet you know that if you go to the nice restaurant that is being suggested, it is going to cost you at least $50, and it might cost you even a bit more.  So you have a question in your head about whether you have the $50 or not.  If you do, then you have discretionary income that you could also choose to spend in bitcoin rather than going to that nice restaurant.

Yeah this could be another explanation of discretion.  Being able to afford a meal of $50 or not is determined by your level of discretion. If a person often spend some bucks on food like 5-$10 and decide to have a nice and more decent meal for an outing depends on his discretion. He may chose to buy a meal of $50 or decide to invest it on bitcoin and go back home to eat his regular meal just being financially wise is the case.  But If also he has a more decent amount in his discretion then he may well spend the $50 and yet not being affected by his regular investments. So the main point is that weather you chose to increase or decrease in our spending all
Depends in your discretion.

Part of the reason that we label discretionary income as discretionary is because it describes such income as extra.  We can do whatever we want with that income.  We can choose to consume with it or invest with it or we can choose to gamble with it or to buy cigarettes with it.   Most people are not going to invest with 100% of their discretionary income, frequently they are going to have different things that they like to (or want to do) with their discretionary income.  Surely if we choose to live a real frugal lifestyle, then we will have more discretionary income, yet many folks want to have some luxuries in life from time to time, including maybe instead of wearing used clothes and hand-me-downs and searching for free or low cost items, sometimes folks will buy some clothes that are nicer or are higher priced or that they have a brand name rather than a non-brand name because they want the status of the piece of clothing.  Sometimes it might even be a business decision to buy more expensive things in order to set an image that might attract higher quality customers, and surely those tactics are not always necessary, yet sometimes there might be some necessity to buy more expensive things just to attract certain kinds of customers or maybe trying to attract a life-partner, there might be needs to spend more in order to have higher levels of success to both attract and maintain the interest of a life partner that is of your choosing... or who you might not yet know.

This is an undisputable fact. People work to spend and they spend to maintain life and human complexes. Every income has a need to be met and that's why the joy of having increases by having.

Humans are wired to meet their tastes in other to be confident to face the society. Low income earners barely have discretionary incomes as most of them still live on loans. Investment in bitcoin is not a death sentence and must always be done at the ease of the investor.

As an investor who intends to venture into bitcoin accumulation, but with low income salary, you can set a target on how to establish a different source of income. From there you can buy bitcoin and store up. Someone with a second source of income can buy bitcoin continuously and thinks less about selling.

 To me, bitcoin is not a source of income, it is a preparation for the future.

[SuperBitMan]

It is like someone calling you out and asking you if you can go out to a nice restaurant to eat.  Usually, you spend between $3 to $15 for the ingredients and preparation costs of your regular meals, yet you know that if you go to the nice restaurant that is being suggested, it is going to cost you at least $50, and it might cost you even a bit more.  So you have a question in your head about whether you have the $50 or not.  If you do, then you have discretionary income that you could also choose to spend in bitcoin rather than going to that nice restaurant.

Yeah this could be another explanation of discretion.  Being able to afford a meal of $50 or not is determined by your level of discretion. If a person often spend some bucks on food like 5-$10 and decide to have a nice and more decent meal for an outing depends on his discretion. He may chose to buy a meal of $50 or decide to invest it on bitcoin and go back home to eat his regular meal just being financially wise is the case.  But If also he has a more decent amount in his discretion then he may well spend the $50 and yet not being affected by his regular investments. So the main point is that weather you chose to increase or decrease in our spending all
Depends in your discretion.

Having a good discretionary income is very nice because that's what you use to accumulate Bitcoin and if your Discretionary income is small your Bitcoin accumulation will be slow compared to someone who has a big discretionary income however this may be defeated if you lack management skill, some people have good discretionary income and still find it hard to accumulate because they don't manage there income very well why some set of people have small discretionary income but because they have good management skill they accumulate with ease, so knowing how to manage your discretion income will determine how far you will go in your Bitcoin investment journey.

[bitzizzix]

It is like someone calling you out and asking you if you can go out to a nice restaurant to eat.  Usually, you spend between $3 to $15 for the ingredients and preparation costs of your regular meals, yet you know that if you go to the nice restaurant that is being suggested, it is going to cost you at least $50, and it might cost you even a bit more.  So you have a question in your head about whether you have the $50 or not.  If you do, then you have discretionary income that you could also choose to spend in bitcoin rather than going to that nice restaurant.

Yeah this could be another explanation of discretion.  Being able to afford a meal of $50 or not is determined by your level of discretion. If a person often spend some bucks on food like 5-$10 and decide to have a nice and more decent meal for an outing depends on his discretion. He may chose to buy a meal of $50 or decide to invest it on bitcoin and go back home to eat his regular meal just being financially wise is the case.  But If also he has a more decent amount in his discretion then he may well spend the $50 and yet not being affected by his regular investments. So the main point is that weather you chose to increase or decrease in our spending all
Depends in your discretion.

Having a good discretionary income is very nice because that's what you use to accumulate Bitcoin and if your Discretionary income is small your Bitcoin accumulation will be slow compared to someone who has a big discretionary income however this may be defeated if you lack management skill, some people have good discretionary income and still find it hard to accumulate because they don't manage there income very well why some set of people have small discretionary income but because they have good management skill they accumulate with ease, so knowing how to manage your discretion income will determine how far you will go in your Bitcoin investment journey.

Of course discretionary income is the main thing and this applies to every investment and discretionary income is the remaining income after prioritizing important needs or other important expenses that can be used for investment without harming other needs, and this method if successful and done routinely maybe most people who use discretionary income who have income or salary every month will succeed in investing. And it doesn't matter whether they have a small or large income but if they do it consistently and continuously use discretionary income every week or month with long-term goals I am sure that person will succeed in any investment including Bitcoin regardless of big or small opinions but the most important thing is to do it seriously, disciplined and also consistent.

[Ricardo11]

Having a good discretionary income is very nice because that's what you use to accumulate Bitcoin and if your Discretionary income is small your Bitcoin accumulation will be slow compared to someone who has a big discretionary income however this may be defeated if you lack management skill, some people have good discretionary income and still find it hard to accumulate because they don't manage there income very well why some set of people have small discretionary income but because they have good management skill they accumulate with ease, so knowing how to manage your discretion income will determine how far you will go in your Bitcoin investment journey.

Of course discretionary income is the main thing and this applies to every investment and discretionary income is the remaining income after prioritizing important needs or other important expenses that can be used for investment without harming other needs, and this method if successful and done routinely maybe most people who use discretionary income who have income or salary every month will succeed in investing. And it doesn't matter whether they have a small or large income but if they do it consistently and continuously use discretionary income every week or month with long-term goals I am sure that person will succeed in any investment including Bitcoin regardless of big or small opinions but the most important thing is to do it seriously, disciplined and also consistent.

In fact, the best way to invest in Bitcoin is to invest in Bitcoin through DCA, and the most important thing to keep this DCA going is to have a source of discretionary income. Because no matter what percentage (depending on the amount of income) (small or large) an investor has to maintain it regularly for DCA. There is no need to worry about the amount of income being big or small, rather consistency is the main thing. So if DCA is done regularly, disciplined and with a long-term goal (at least for 10 years), then it can give you very good results at one stage, which can also be a life-changing success for you.

[As-Soon-As]

Having a good discretionary income is very nice because that's what you use to accumulate Bitcoin and if your Discretionary income is small your Bitcoin accumulation will be slow compared to someone who has a big discretionary income however this may be defeated if you lack management skill, some people have good discretionary income and still find it hard to accumulate because they don't manage there income very well why some set of people have small discretionary income but because they have good management skill they accumulate with ease, so knowing how to manage your discretion income will determine how far you will go in your Bitcoin investment journey.

Of course discretionary income is the main thing and this applies to every investment and discretionary income is the remaining income after prioritizing important needs or other important expenses that can be used for investment without harming other needs, and this method if successful and done routinely maybe most people who use discretionary income who have income or salary every month will succeed in investing. And it doesn't matter whether they have a small or large income but if they do it consistently and continuously use discretionary income every week or month with long-term goals I am sure that person will succeed in any investment including Bitcoin regardless of big or small opinions but the most important thing is to do it seriously, disciplined and also consistent.

In fact, the best way to invest in Bitcoin is to invest in Bitcoin through DCA, and the most important thing to keep this DCA going is to have a source of discretionary income. Because no matter what percentage (depending on the amount of income) (small or large) an investor has to maintain it regularly for DCA. There is no need to worry about the amount of income being big or small, rather consistency is the main thing. So if DCA is done regularly, disciplined and with a long-term goal (at least for 10 years), then it can give you very good results at one stage, which can also be a life-changing success for you.

In fact, those who hold Bitcoin will be best off if they try to hold it for the long term, only long-term investment strategies should be used. For this, planning is of course the most important, only through proper planning can one keep his investment for a long time. If a person invests in Bitcoin with the remaining extra money after meeting the basic needs of his family, he will be able to maintain his investment.
However, for this, when investing in the beginning, the mindset of greed should be eliminated, because a person who is greedy for money will not be able to maintain his investment, so greed should be eliminated at the beginning.

[Notalony]

It is like someone calling you out and asking you if you can go out to a nice restaurant to eat.  Usually, you spend between $3 to $15 for the ingredients and preparation costs of your regular meals, yet you know that if you go to the nice restaurant that is being suggested, it is going to cost you at least $50, and it might cost you even a bit more.  So you have a question in your head about whether you have the $50 or not.  If you do, then you have discretionary income that you could also choose to spend in bitcoin rather than going to that nice restaurant.

Yeah this could be another explanation of discretion.  Being able to afford a meal of $50 or not is determined by your level of discretion. If a person often spend some bucks on food like 5-$10 and decide to have a nice and more decent meal for an outing depends on his discretion. He may chose to buy a meal of $50 or decide to invest it on bitcoin and go back home to eat his regular meal just being financially wise is the case.  But If also he has a more decent amount in his discretion then he may well spend the $50 and yet not being affected by his regular investments. So the main point is that weather you chose to increase or decrease in our spending all
Depends in your discretion.

Having a good discretionary income is very nice because that's what you use to accumulate Bitcoin and if your Discretionary income is small your Bitcoin accumulation will be slow compared to someone who has a big discretionary income however this may be defeated if you lack management skill, some people have good discretionary income and still find it hard to accumulate because they don't manage there income very well why some set of people have small discretionary income but because they have good management skill they accumulate with ease, so knowing how to manage your discretion income will determine how far you will go in your Bitcoin investment journey.

On the contrary, Since Bitcoin investment is made in such a way that anyone can come in with the little amount they have, which is meant to be within their discretional income, their is no reason making any form of comparison because it shouldn't be competitive, that your discretional income is small doesn't mean or shouldn't make anyone feel that their investment is slow because they are investing within their pace and peace of mind which is paramount, with is most important is your consistency since the target is for a long term.

[Wonder Work]

In fact, those who hold Bitcoin will be best off if they try to hold it for the long term, only long-term investment strategies should be used. For this, planning is of course the most important, only through proper planning can one keep his investment for a long time. If a person invests in Bitcoin with the remaining extra money after meeting the basic needs of his family, he will be able to maintain his investment.
However, for this, when investing in the beginning, the mindset of greed should be eliminated, because a person who is greedy for money will not be able to maintain his investment, so greed should be eliminated at the beginning.

Wanna to say something, It's as easy as it sounds, but it isn't easy to maintain the investment trend by maintaining DCA. It is impossible to continue the recruitment process if there is no good job or income security. Income security is very important. If a person has good income security and can invest after meeting all his family's needs, then it is good. I have seen many people who started investing and tried very hard to leave their investments without any investment, but there came a time when they were forced to stop investing for some reason.

It is very difficult to continue investing, but it is good for those who can. One has to prepare oneself mentally for investment, and one has to focus on the fact that there should be no economic problems so that one can always maintain the investment. If one can maintain everything and continue the investment, then it will definitely benefit him.

[Jedidiah31]

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?

[Zackz5000]

The main first point anyone needs to have when getting started in bitcoin is to assess that they have discretionary income,

The main priority for bitcoin investment is discretion income,  when you think of bitcoin investment think of discretion income. as it is the backup force that keep investment moving. Just like the petrol that fuels a vehicle.  

so if they assess that they have discretionary income, then they can get started.

Sometimes people overly get worked up by thinking how investment can be possible considering the amount they received in their  place of work without considering that they can First build up there discretion fund for 2week or a month before starting investing from there discretion, So that even if their pay rate is low, they might not be worried, because they have front load their discretion and it will reduce the level of thinking about their low comes generation. This statement is for those low salary earners who thinks on how their salary cans be sustainable including their discretion.

You seem to be misusing the term discretionary income and describing it in a bit of confusing ways, since the first thing is to likely assess whether you have it rather than to build it up.

Discretionary income is simply the amount of money that a person has after accounting for expenses, or put another way, the difference between income and expenses.  Of course anyone can increase their discretionary income by increasing income and/or by cutting expenses.

If a guy is wanting to increase his cash cushion prior to investing into bitcoin, then surely he could do that, and with that I am referring to increasing the various kinds of back up funds that are related to emergency funds, reserve funds and float, yet there would be any need to increase any of those prior to starting to invest into bitcoin, unless a person might not be certain of how much discretionary income that he has, so that if his expenses and his income or not very certain, then there maybe some desires to keep extra amounts of cash on hand in order to be sure that there is enough to cover all expenses that come in for the month (or until the next time income comes in), so surely folks who have less certain income and even uncertain expenses, then he might have to keep more cash on hand to make sure that he has enough extra income that he is able to pay for expenses prior to investing into bitcoin, and that would just have to do with uncertainties in establishing his level of discretionary income in order to know that he is able to invest and that he has actual extra (or left over income) that is available once all of the monthly expenses are covered.

I would speculate that an overwhelming majority of people try to keep at least 2-6 weeks of extra money in case they have trouble with their income and/or their expenses so that they don't necessarily suffer from any unnecessary emergencies due to lack of preparation.  At the same time, we know that bitcoin requires a 4-10 year or more commitment in order to be investing into it rather than trading (or gambling) with it, so there are some needs for achieving extra levels of certainties in regards to bitcoin holdings especially as the quantity of the bitcoin investment starts to build and gain value, so there are more and more needs to have extra back up funds when the bitcoin stash is higher so that there is never any need to cash out of bitcoin at a time that is other than our completely own choosing, which also means that we should not be using bitcoin as our emergency funds, especially if we are trying to be serious as an investor rather than a trader(gambler) with our bitcoin.

It is like someone calling you out and asking you if you can go out to a nice restaurant to eat.  Usually, you spend between $3 to $15 for the ingredients and preparation costs of your regular meals, yet you know that if you go to the nice restaurant that is being suggested, it is going to cost you at least $50, and it might cost you even a bit more.  So you have a question in your head about whether you have the $50 or not.  If you do, then you have discretionary income that you could also choose to spend in bitcoin rather than going to that nice restaurant.

Yeah this could be another explanation of discretion.  Being able to afford a meal of $50 or not is determined by your level of discretion. If a person often spend some bucks on food like 5-$10 and decide to have a nice and more decent meal for an outing depends on his discretion. He may chose to buy a meal of $50 or decide to invest it on bitcoin and go back home to eat his regular meal just being financially wise is the case.  But If also he has a more decent amount in his discretion then he may well spend the $50 and yet not being affected by his regular investments. So the main point is that weather you chose to increase or decrease in our spending all
Depends in your discretion.

Part of the reason that we label discretionary income as discretionary is because it describes such income as extra.  We can do whatever we want with that income.  We can choose to consume with it or invest with it or we can choose to gamble with it or to buy cigarettes with it.   Most people are not going to invest with 100% of their discretionary income, frequently they are going to have different things that they like to (or want to do) with their discretionary income.  Surely if we choose to live a real frugal lifestyle, then we will have more discretionary income, yet many folks want to have some luxuries in life from time to time, including maybe instead of wearing used clothes and hand-me-downs and searching for free or low cost items, sometimes folks will buy some clothes that are nicer or are higher priced or that they have a brand name rather than a non-brand name because they want the status of the piece of clothing.  Sometimes it might even be a business decision to buy more expensive things in order to set an image that might attract higher quality customers, and surely those tactics are not always necessary, yet sometimes there might be some necessity to buy more expensive things just to attract certain kinds of customers or maybe trying to attract a life-partner, there might be needs to spend more in order to have higher levels of success to both attract and maintain the interest of a life partner that is of your choosing... or who you might not yet know.

This is an undisputable fact. People work to spend and they spend to maintain life and human complexes. Every income has a need to be met and that's why the joy of having increases by having.

Humans are wired to meet their tastes in other to be confident to face the society. Low income earners barely have discretionary incomes as most of them still live on loans. Investment in bitcoin is not a death sentence and must always be done at the ease of the investor.

As an investor who intends to venture into bitcoin accumulation, but with low income salary, you can set a target on how to establish a different source of income. From there you can buy bitcoin and store up. Someone with a second source of income can buy bitcoin continuously and thinks less about selling.

 To me, bitcoin is not a source of income, it is a preparation for the future.

I think for low income earners instead of waiting to establish a different source of income I think it's better you get started and make provision of your discretionary income from your salary level and accumulate with the little you can also using the DCA method to accumulate then along the line you can be finding a way to increase your discretionary income and also try fixing your emergency fund and reserve along the line and also make sure you did not invest in a way that it will affect your daily or personal living because waiting to establish a different source of income may lead to delay or later run procastination before you know you can't be able to accumulate Bitcoin again, with the DCA strategy you can start up accumulating gradually to increase your Bitcoin stack either weekly or monthly and continue to hodl Bitcoin for a long time which could be 4-10 years or more also.

[Spaceman1000$]

It is like someone calling you out and asking you if you can go out to a nice restaurant to eat.  Usually, you spend between $3 to $15 for the ingredients and preparation costs of your regular meals, yet you know that if you go to the nice restaurant that is being suggested, it is going to cost you at least $50, and it might cost you even a bit more.  So you have a question in your head about whether you have the $50 or not.  If you do, then you have discretionary income that you could also choose to spend in bitcoin rather than going to that nice restaurant.

Yeah this could be another explanation of discretion.  Being able to afford a meal of $50 or not is determined by your level of discretion. If a person often spend some bucks on food like 5-$10 and decide to have a nice and more decent meal for an outing depends on his discretion. He may chose to buy a meal of $50 or decide to invest it on bitcoin and go back home to eat his regular meal just being financially wise is the case.  But If also he has a more decent amount in his discretion then he may well spend the $50 and yet not being affected by his regular investments. So the main point is that weather you chose to increase or decrease in our spending all
Depends in your discretion.

Having a good discretionary income is very nice because that's what you use to accumulate Bitcoin and if your Discretionary income is small your Bitcoin accumulation will be slow compared to someone who has a big discretionary income however this may be defeated if you lack management skill, some people have good discretionary income and still find it hard to accumulate because they don't manage there income very well why some set of people have small discretionary income but because they have good management skill they accumulate with ease, so knowing how to manage your discretion income will determine how far you will go in your Bitcoin investment journey.

On the contrary, Since Bitcoin investment is made in such a way that anyone can come in with the little amount they have, which is meant to be within their discretional income, their is no reason making any form of comparison because it shouldn't be competitive, that your discretional income is small doesn't mean or shouldn't make anyone feel that their investment is slow because they are investing within their pace and peace of mind which is paramount, with is most important is your consistency since the target is for a long term.

I sincerely agree with your narrative, investment are mostly done within the capacity and means of an individual, you don't need to have huge capital before you think of investment, a little drop of water they say makes the mighty ocean and considering the fact that is a long time investment, it is most appropriate you don't go beyond your means because it should be discretionary within your limit, maybe with time hence there is increase in capital you can as well increase your investment.

[Mayor of ogba]

Having a good discretionary income is very nice because that's what you use to accumulate Bitcoin and if your Discretionary income is small your Bitcoin accumulation will be slow compared to someone who has a big discretionary income however this may be defeated if you lack management skill, some people have good discretionary income and still find it hard to accumulate because they don't manage there income very well why some set of people have small discretionary income but because they have good management skill they accumulate with ease, so knowing how to manage your discretion income will determine how far you will go in your Bitcoin investment journey.

Of course discretionary income is the main thing and this applies to every investment and discretionary income is the remaining income after prioritizing important needs or other important expenses that can be used for investment without harming other needs, and this method if successful and done routinely maybe most people who use discretionary income who have income or salary every month will succeed in investing. And it doesn't matter whether they have a small or large income but if they do it consistently and continuously use discretionary income every week or month with long-term goals I am sure that person will succeed in any investment including Bitcoin regardless of big or small opinions but the most important thing is to do it seriously, disciplined and also consistent.

In fact, the best way to invest in Bitcoin is to invest in Bitcoin through DCA, and the most important thing to keep this DCA going is to have a source of discretionary income. Because no matter what percentage (depending on the amount of income) (small or large) an investor has to maintain it regularly for DCA. There is no need to worry about the amount of income being big or small, rather consistency is the main thing. So if DCA is done regularly, disciplined and with a long-term goal (at least for 10 years), then it can give you very good results at one stage, which can also be a life-changing success for you.

However, for this, when investing in the beginning, the mindset of greed should be eliminated, because a person who is greedy for money will not be able to maintain his investment, so greed should be eliminated at the beginning.

There's nothing wrong with being greedy in your bitcoin investment. I want you to understand that every investor doesn't have the same discretionary income; there are investors who have a good discretionary income, which allows them to invest in bitcoin according to their greedy level, and still sustain their bitcoin investment for a long time. It is when you use all your money to invest in bitcoin or when you invest in bitcoin way above your discretionary income that you will have problem in maintaining your bitcoin investment because you will lack money to solve your daily expenses, which will give you no choice but to sell your bitcoin investment prematurely to survive.

[cryptoWODL]

There you again @Scarlett_23. yeah it's indeed the bearish time is a golden opportunity to buy more bitcoin, but it's not the real best time to buy bitcoin as you think .  Anytime is best time to buy bitcoin. Buy bitcoin on a regular DCA without considering the price changes weather high or low.  And buy more when bitcoin is dip.

Especially when you are talking about DCA, do not identify a specific time to buy or do not mention a specific time. You can say that the bearish season can be the ideal time to make yourself more profitable. I consider every moment in the market to be a golden opportunity to buy, but for more profits, I use the bearish period of the market as a golden opportunity.

Of course, when it comes to investing in the DCA method, there is no need to wait for a specific period or bearish season for Bitcoin. The DCA method refers to buying bitcoins on a regular basis. So why should we wait for bearish periods when we are adopting this approach to investing. When we find a bearish market during regular buying, we need to take advantage and buy more bitcoins at lower prices. It is true that the bearish season makes it easier for everyone to buy bitcoins.

Along with buying regularly, when I get a bearish market, it will be an opportunity for me to buy more Bitcoin. I will definitely try to use that time to be aggressive in investing as much as I can.

If you have reserve funds you will be able to invest aggressively during the bearish season. And if you don't have any saved funds then you should focus on consistent investment instead of aggressive investment and invest consistently even if it is small amount.

[Jewan420]

I sincerely agree with your narrative, investment are mostly done within the capacity and means of an individual, you don't need to have huge capital before you think of investment, a little drop of water they say makes the mighty ocean and considering the fact that is a long time investment, it is most appropriate you don't go beyond your means because it should be discretionary within your limit, maybe with time hence there is increase in capital you can as well increase your investment.

It is important that the investment is long and continuous, not large. This means that if you do not have a large capital to hire a bin, there is no problem, you can invest in small amounts by DCA. But you must maintain continuity and be committed to keeping the investment for a long time. On the other hand, if you have a large capital, but you cannot be long-term in investment and cannot maintain continuity, then the end result of your investment is completely unknown or incomplete. You may not get big profits from such an investment or you may face losses. I always remember one thing, "Even if the speed of the car is slow, it is possible to reach the destination, but if the car is unable to move continuously, it is impossible to reach the destination or it is difficult to reach the destination in that car"

So even if you do not have a large capital, you can reach your investment target, for this you have to maintain long-term planning and continuity.

[Ricardo11]

There you again @Scarlett_23. yeah it's indeed the bearish time is a golden opportunity to buy more bitcoin, but it's not the real best time to buy bitcoin as you think .  Anytime is best time to buy bitcoin. Buy bitcoin on a regular DCA without considering the price changes weather high or low.  And buy more when bitcoin is dip.

Especially when you are talking about DCA, do not identify a specific time to buy or do not mention a specific time. You can say that the bearish season can be the ideal time to make yourself more profitable. I consider every moment in the market to be a golden opportunity to buy, but for more profits, I use the bearish period of the market as a golden opportunity.

Of course, when it comes to investing in the DCA method, there is no need to wait for a specific period or bearish season for Bitcoin. The DCA method refers to buying bitcoins on a regular basis. So why should we wait for bearish periods when we are adopting this approach to investing. When we find a bearish market during regular buying, we need to take advantage and buy more bitcoins at lower prices. It is true that the bearish season makes it easier for everyone to buy bitcoins.

In fact, there is no alternative to continuity in DCA investment, the main point of the DCA method is to invest regularly, which creates a portfolio as an average value in the long term, ignoring market fluctuations. And when the price of Bitcoin decreases while DCA is running, it is definitely profitable for investors to take the opportunity to buy more Bitcoin at a lower price. But for this, a reserve fund must be kept ready, if the reserve fund is ready, we will be able to fully utilize the opportunities of this type of DIP, as a result, our portfolio will grow better, from which we can benefit better in the future.