Buy Buy Buy or Sell Sell Sell?

[Barikui1]

Yes..  Sure.  I have largely been proclaiming that it is up to each one of us to determine how aggressive or whimpy that we want to be within our budget, and even within an attempt to follow a more straight-forward DCA'ing approach guys are able to figure out their level of aggressiveness within such DCAing approach.

So there could be situations to compare guys who largely have similar levels of discretionary income.. let's say $200 per week.

1) a guy might choose to invest fairly aggressively and consistently at $180 per week (90%) into BTC.

2) a second guy might choose to invest fairly whimpily and consistently at $20 per week (10%) into BTC.

3) a third guy might choose to vary his investment between whimpy and aggressive , so maybe minimally he is investing $20 per week no matter what, but some weeks he might invest up to $180 into bitcoin depending on other things going on in his life.

These allocation styles are somewhat personal choices, and they may relate to other kinds of things going on in their lives.. and perhaps even how much they prioritize bitcoin over the other things going on in their lives.  Each of these guys are likely going to do better 10 years down the road as compared with the guy who did not accumulate any bitcoin.

Not waiting for the dip or not investing is the biggest risk. Small investments in a consistent manner can give us real results at some point. Fall is in everything, so the most important thing for the newbie is to start now and invest regularly without stopping it in this mindset. Excessive caution will often become an additional risk. Small investments at a time, keeping up with time, risk-taking mentality, and being patient for the right time can bring success. It is impossible to determine the right time for the market. If we dip in the form of DCA, we can get our assets as real assets in the future.

It seems like you wanted to say that waiting for the dip and not investing is the biggest risk, and honestly speaking you are right, because by waiting you may miss a whole lot of buying opportunities which at the end, if care is not taken, you might not even buy it, so waiting for a dip before making a purchase is never a good idea.
I feel like we are very lucky to be in the era when Bitcoin is still pretty cheap, because in years to come, the current value of Bitcoin might be a bargain.
I posted an op post yesterday on the Bitcoin board where an investor was feeling regretful for not investing in Bitcoin when he had the chance,The regret of early Investors or the regret you get for procrastinating so not investing or taking action when we should, comes with the biggest regret, than the ones we took.

[Stormisover]

Buying aggressively all the time is not a good idea. Because if a person buys aggressively every time, if he needs some amount of money, then maybe that person can get very broke. For example, if a person invests with 80% or 90% of his discretionary income all the time, then when there is a small financial crisis, he will have to depend on his emergency fund or take a loan from someone. But yes, how much % to invest is completely their personal choice. But I think it is right to invest 35% to 45% of your discretionary income. Because it will not be too aggressive and not too low.

You can continue to buy continuously by adopting the DCA method and if you see a decline in the market, you can buy aggressively if you want.

Do you think that a person should never invest aggressively in Bitcoin?
Of course a person can buy Bitcoin aggressively. When he is meeting his basic needs very well every month and has a healthy amount of money in his emergency fund, my question to you is why wouldn't a person invest aggressively in Bitcoin? When he sees that investing in Bitcoin is better than other investment areas in many ways.
You said that the evidence is that investing in Bitcoin will cause him to suffer in emergencies. So what is the purpose of an emergency fund?
Again, you said not to invest the entire portion of his discretionary income in Bitcoin. And it seems that a person can sometimes invest the entire portion of his discretionary income in Bitcoin because then he has an emergency fund to meet his needs in emergencies.
Yes, until a person builds a healthy emergency fund, his focus should be on the emergency fund.

There is certainly nothing wrong investing aggressively into bitcoin without overly doing it beyond your Discretionary income in a way that it will not affect your bitcoin investment, most persons buy aggressively because there is dip without any initial budget and get carried away and overly do it without considering if they have the Discretionary income to sustain their bitcoin investment, so buying aggressively shouldn't be base on their is dip rather than the level of your Discretionary income.

It is more thoughtful and reasonable to consider individual level of aggressiveness in their Bitcoin accumulation process by how much of part of their discretionary income they are willing and chose to invest in Bitcoin and not all of the discretionary income they have, for example I can choose to invest 50 % of my discretionary income and that is my own level of aggressiveness compared to others that chooses to invest more or less than that of their discretionary income, there should be room for convenient within our personal circumstances of what we may intend to do with our discretionary income including buying Bitcoin.

[Gost ms]

Not waiting for the dip or not investing is the biggest risk. Small investments in a consistent manner can give us real results at some point. Fall is in everything, so the most important thing for the newbie is to start now and invest regularly without stopping it in this mindset. Excessive caution will often become an additional risk. Small investments at a time, keeping up with time, risk-taking mentality, and being patient for the right time can bring success. It is impossible to determine the right time for the market. If we dip in the form of DCA, we can get our assets as real assets in the future.

DCA is an investment method. Through the DCA method, we can invest with any amount of money at any time. Through the DCA method, we can buy continuously. I do not understand what you mean by falling in the form of DCA. However, if you understand that you have to wait for the fall to invest, then it will be completely wrong. Because it is never right to wait for the fall. If you wait for the fall, then you can miss out on many buying opportunities and your portfolio can fall behind the target level. Always continue to buy continuously by adopting the DCA method and hold your saved Bitcoin in the long term.

[Iamgoat]

Yes..  Sure.  I have largely been proclaiming that it is up to each one of us to determine how aggressive or whimpy that we want to be within our budget, and even within an attempt to follow a more straight-forward DCA'ing approach guys are able to figure out their level of aggressiveness within such DCAing approach.

So there could be situations to compare guys who largely have similar levels of discretionary income.. let's say $200 per week.

1) a guy might choose to invest fairly aggressively and consistently at $180 per week (90%) into BTC.

2) a second guy might choose to invest fairly whimpily and consistently at $20 per week (10%) into BTC.

3) a third guy might choose to vary his investment between whimpy and aggressive , so maybe minimally he is investing $20 per week no matter what, but some weeks he might invest up to $180 into bitcoin depending on other things going on in his life.

These allocation styles are somewhat personal choices, and they may relate to other kinds of things going on in their lives.. and perhaps even how much they prioritize bitcoin over the other things going on in their lives.  Each of these guys are likely going to do better 10 years down the road as compared with the guy who did not accumulate any bitcoin.

Not waiting for the dip or not investing is the biggest risk. Small investments in a consistent manner can give us real results at some point. Fall is in everything, so the most important thing for the newbie is to start now and invest regularly without stopping it in this mindset. Excessive caution will often become an additional risk. Small investments at a time, keeping up with time, risk-taking mentality, and being patient for the right time can bring success. It is impossible to determine the right time for the market. If we dip in the form of DCA, we can get our assets as real assets in the future.

It seems like you wanted to say that waiting for the dip and not investing is the biggest risk, and honestly speaking you are right, because by waiting you may miss a whole lot of buying opportunities which at the end, if care is not taken, you might not even buy it, so waiting for a dip before making a purchase is never a good idea.
I feel like we are very lucky to be in the era when Bitcoin is still pretty cheap, because in years to come, the current value of Bitcoin might be a bargain.

It will be dangerous advice to tell a newbie to just invest anytime or not have a clear understanding before jumping into a dip or to even tell them not to wait for a dip. When you're giving advices like this, you must also give a caveat which states that an individual must go into any form of investment with full knowledge and a personal strategic plan towards success. You don't just jump into an investment because you're waiting for it to dip, when it is till going to get dipper and you probably losing your funds. You also don't go into an investment because it's rising without analyzing the market. The ultimate goal here is to pay attention to your preferred assets in the market, analyse properly and patently, then don't hesitate to immediately jump into the investment once you're convinced with your personal strategy.

I posted an op post yesterday on the Bitcoin board where an investor was feeling regretful for not investing in Bitcoin when he had the chance,The regret of early Investors or the regret you get for procrastinating so not investing or taking action when we should, comes with the biggest regret, than the ones we took.

About the thread you attached here. Procrastination was what killed the spirit of the potential investor in the screenshot by not taking taking the right decision and allowing the coin to elevate without investing a dime. It could also suggest the guy didn't have enough experience and knowledge of what the future of thecoin holds at the time. It happens to many people and you have the case of those who also said, how we wish, we would have invested more but those are incidents that happen among people who are not so sure of their investments and do not have the confidence to enter investments as a result

I also want to talk about those who fall for what we call the false signals. Those who engage in FOMO. Those who invest because their friends are investing and do not want to miss out and many more including people who invest in buying every tiny green candle because theythink its another bull run and may be their last chance. These set of people invest too quickly once they see bitcoin rising even in the smallest bounce and are victims of failed investments especially related to those who fall for market manipulations by bigger investors.

My advice instead is invest in the asset you know and have studied carefully. Adopt the DCA strategy of investing small amount of money consistently like on weekly or monthly basis. this will enable you to buy when the price of your assets are low as well as when the prices  are high allowing you to leverage an average out of a good or fair price. This makes it easier and stress free for you as you don't have to deal with the anxiety of the market speculation over time.

[Jostern]

You can spend part of your income on entertainment. But if it is too expensive, then maybe there is a flaw in your investment. But we earn and spend for our profit. To make our daily life fun and exciting. If you keep your investment running and spend some part of your income on entertainment or social or family activities, it is not a loss. But do not spend in such a way that if you spend it, you will not be able to deposit Bitcoin anymore.

Before spending from the income, it should also be kept in mind that you should have an emergency fund because there is no such thing as physical illness or a bad accident. So we have to be careful in every step of our life. And we have to think and spend before spending. Only then can you be a successful investor. And you have to take care that your investment does not spend so much on anything like alcohol that you struggle with your income.

Now that is where financial management comes in, but you should understand that investing in Bitcoin doesn't stop us from having fun with our life or entertainment, that is why it is wise to have set out expenses to take care of, and all this should be considered in our expenses, If we have a good financial plans and management our lifestyle wouldn't have to affect our Bitcoin investment and building our portfolio, if you're someone who likes going to the stadium on a weekend to watch soccer games or whatever sport it is you have to buy tickets, you've to put that into your expenses, and if you're someone who like alcohol and cigarettes you've to also put that into your expenses and have a good financial plans and budget for them. Now you're not supposed to invest from your weekly or monthly income, rather you are meant to be investing from your discretionary funds so you can be able to sustain and manage your investment. I would suggest that sometimes cutting some of your expenses and lifestyle will definitely help you to have more discretionary funds to enable you accumulate more.

Having fun while still in your accumulation stage of your investment in bitcoin is not necessary, the target is to get enough bitcoins in our portfolio so tending to have fun with part of your discretionary income when still accumulating will become problematic to you so instead of using part of your discretionary income to have fun, it is better to keep it in your reserve funds. Having a target comes with a lot of discipline which means that you can forgo luxury and extravagant lifestyles when investing in bitcoin so that you can be able to arrive at your destination which is to reach your accumulation target. Any other flamboyant way of living should come from the proceeds of your investment and not to use the amount meant for investment to pursue things that are not necessary.

I think people have different lifestyles, and guys would choose how to live there life’s and you might not be able to have opinions on how people would choose to invest in Bitcoin and continue to accumulate bitcoin, whichever way it might not be necessary, but there are folks who will tell you that it’s necessary for them to enjoy themselves. Because Investing in Bitcoin doesn’t stop people from living their lives, there are guys who are investing and accumulating bitcoin on a weekly basis or monthly basis and are still able to do things that makes them happy like having fun, that is why it all depends on income management that is the only way of accumulating more bitcoin and we have discretionary income, emergency funds, and reserved funds, and we also have financial plans to adjust this lifestyle we’re talking about. I can choose to watch the American Open or the NBA playoffs, this are examples of having fun I can sustain that with my own financial plans and management.

Having fun might not be necessary for you while you’re in your accumulation phase, then it might be necessary for someone else who can continue to manage and sustain there investment efficiently,  there are guys who are here investing in Bitcoin and still on there accumulation phase, and still go on with their lifestyle and going on vacation, who have rich parents, they can tell their parents, they can say oh John you’re investing in bitcoin and you want to have a vacation they can give them the money. And it’s not like they have to pay back as a mortgage, because that is their lifestyle and they accumulate efficiently and consistently.

Perhaps as a low income earner a pleb,  I can think instead of spending money on extravagant expensive lifestyle and having this or that fun, it’s not necessary why don’t I use that money and accumulate more bitcoin instead of having an unnecessary fun that would stop me from accumulating more bitcoin. It’s all a different perspectives.

[arwin100]

Not waiting for the dip or not investing is the biggest risk. Small investments in a consistent manner can give us real results at some point. Fall is in everything, so the most important thing for the newbie is to start now and invest regularly without stopping it in this mindset. Excessive caution will often become an additional risk. Small investments at a time, keeping up with time, risk-taking mentality, and being patient for the right time can bring success. It is impossible to determine the right time for the market. If we dip in the form of DCA, we can get our assets as real assets in the future.

If you wait for the fall, will you ever find the right time? Of course you will never find the right time. Now suppose you wait for the fall and it falls a little, then you think it can fall further, so waiting for the fall is not wise. It is not that the price of Bitcoin is stable, of course the price of Bitcoin will continue to increase with time. You could not have imagined 14 years ago that the price of Bitcoin would be 100k dollars, but instead of time the price of Bitcoin has become $100k plus. So you can expect that at some point in the future the price of Bitcoin will be a million dollars. So I see no reason to wait, if you follow the DCA method, you will get the opportunity to buy at any price. So do not wait and fall behind, if you want to take advantage of the opportunity, you should start investing now.

There's no need for people to wait for a dip if they consider to invest on Bitcoin for long term. Those waiting game is usually been done by traders and most of them is engaging on a risky activity since market Bitcoin is unpredictable so there's a chance that they missed a lot or made a bad move.

Bitcoin is for long term and people should think about that this is better to do with their Bitcoins. Supply is limited to 21 million and as we can see the demand keeps growing. This is make Bitcoin became more valuable and this is one of good reason that's why they should acquire more and don't wait for something before they execute their orders.

[Olatundespo]

Not waiting for the dip or not investing is the biggest risk. Small investments in a consistent manner can give us real results at some point. Fall is in everything, so the most important thing for the newbie is to start now and invest regularly without stopping it in this mindset. Excessive caution will often become an additional risk. Small investments at a time, keeping up with time, risk-taking mentality, and being patient for the right time can bring success. It is impossible to determine the right time for the market. If we dip in the form of DCA, we can get our assets as real assets in the future.

DCA is an investment method. Through the DCA method, we can invest with any amount of money at any time. Through the DCA method, we can buy continuously. I do not understand what you mean by falling in the form of DCA. However, if you understand that you have to wait for the fall to invest, then it will be completely wrong. Because it is never right to wait for the fall. If you wait for the fall, then you can miss out on many buying opportunities and your portfolio can fall behind the target level. Always continue to buy continuously by adopting the DCA method and hold your saved Bitcoin in the long term.

This is seen in the case of beginners invertors. They choose the low price time for investment. But the best decision is to accumulation Bitcoin regardless of the price and regardless of time. Most new investors want to used their capital through this method. I used DCA method but over time, my experience has been in line with the market situation and I feel the need to make timely decisions. In all cases, your decision will be considered correct, it may be a wrong decision for you to evaluate it. You should seek advice from experts guys whos have long-term investment in Bitcoin and who still has a lot of investment in the market.

[Gallar]

Not waiting for the dip or not investing is the biggest risk. Small investments in a consistent manner can give us real results at some point. Fall is in everything, so the most important thing for the newbie is to start now and invest regularly without stopping it in this mindset. Excessive caution will often become an additional risk. Small investments at a time, keeping up with time, risk-taking mentality, and being patient for the right time can bring success. It is impossible to determine the right time for the market. If we dip in the form of DCA, we can get our assets as real assets in the future.

Yes, in some ways I agree with your assumption. But in my personal opinion when a beginner starts investing in bitcoin, it doesn't matter if they can't do DCA consistently. Because in my personal experience when I started investing in bitcoin, sometimes I had difficulty managing my money and finally I couldn't buy bitcoin at certain times. So it could be that the experience I felt was also felt by other beginner bitcoin investors. That's why I said that at the beginning of investing in bitcoin, it's okay if you can't be consistent. Because don't push yourself too hard until your money or emergency fund is eroded. Because ambition may be big but we have to invest slowly. Because the financial condition of each investor is clearly different. But if you can be consistent, of course it's better, but here I see it from my personal experience.

[ChocolateBitcoinK]

Not waiting for the dip or not investing is the biggest risk. Small investments in a consistent manner can give us real results at some point. Fall is in everything, so the most important thing for the newbie is to start now and invest regularly without stopping it in this mindset. Excessive caution will often become an additional risk. Small investments at a time, keeping up with time, risk-taking mentality, and being patient for the right time can bring success. It is impossible to determine the right time for the market. If we dip in the form of DCA, we can get our assets as real assets in the future.

DCA is an investment method. Through the DCA method, we can invest with any amount of money at any time. Through the DCA method, we can buy continuously. I do not understand what you mean by falling in the form of DCA. However, if you understand that you have to wait for the fall to invest, then it will be completely wrong. Because it is never right to wait for the fall. If you wait for the fall, then you can miss out on many buying opportunities and your portfolio can fall behind the target level. Always continue to buy continuously by adopting the DCA method and hold your saved Bitcoin in the long term.

This is seen in the case of beginners invertors. They choose the low price time for investment. But the best decision is to accumulation Bitcoin regardless of the price and regardless of time. Most new investors want to used their capital through this method. I used DCA method but over time, my experience has been in line with the market situation and I feel the need to make timely decisions. In all cases, your decision will be considered correct, it may be a wrong decision for you to evaluate it. You should seek advice from experts guys whos have long-term investment in Bitcoin and who still has a lot of investment in the market.

Real success in Bitcoin comes from consistently accumulating Bitcoin. For those who have not started investing yet, or are waiting for the price to drop to invest, I would like to say that you are wrong, because this is not the principle of Bitcoin, the main principle of Bitcoin is to consistently buy Bitcoin through DCA. The DCA strategy is a proven way to build capital in the long term, through which an investor has the highest potential to profit from it compared to other strategies. Therefore, when collecting Bitcoin, do not give any priority to price volatility, just keep the mindset of buying regularly, and it is essential to prepare the things that are needed to protect your investment in the long term, that is, a stable income, necessary funds. Because if these are not there, the negative impact on your investment can be very severe.

[Finebone]

Real success in Bitcoin comes from consistently accumulating Bitcoin. For those who have not started investing yet, or are waiting for the price to drop to invest, I would like to say that you are wrong, because this is not the principle of Bitcoin, the main principle of Bitcoin is to consistently buy Bitcoin through DCA. The DCA strategy is a proven way to build capital in the long term, through which an investor has the highest potential to profit from it compared to other strategies. Therefore, when collecting Bitcoin, do not give any priority to price volatility, just keep the mindset of buying regularly, and it is essential to prepare the things that are needed to protect your investment in the long term, that is, a stable income, necessary funds. Because if these are not there, the negative impact on your investment can be very severe.

The two things a Bitcoin investor needs to have in mind when investing in Bitcoin is how to accumulate a good stash of Bitcoin, the strategy that best suit his income and what and what that is needed to protects his holdings on the longer run, if you can accumulate consistently with the dca accumulating strategy and you have an emergency and reserve funds in place that is huge enough to withstand any emergency situation, their is a higher probability that you will successful in your investment if you can get these two aspect right.

[sotelorene]

Real success in Bitcoin comes from consistently accumulating Bitcoin. For those who have not started investing yet, or are waiting for the price to drop to invest, I would like to say that you are wrong, because this is not the principle of Bitcoin, the main principle of Bitcoin is to consistently buy Bitcoin through DCA. The DCA strategy is a proven way to build capital in the long term, through which an investor has the highest potential to profit from it compared to other strategies. Therefore, when collecting Bitcoin, do not give any priority to price volatility, just keep the mindset of buying regularly, and it is essential to prepare the things that are needed to protect your investment in the long term, that is, a stable income, necessary funds. Because if these are not there, the negative impact on your investment can be very severe.

The two things a Bitcoin investor needs to have in mind when investing in Bitcoin is how to accumulate a good stash of Bitcoin, the strategy that best suit his income and what and what that is needed to protects his holdings on the longer run, if you can accumulate consistently with the dca accumulating strategy and you have an emergency and reserve funds in place that is huge enough to withstand any emergency situation, their is a higher probability that you will successful in your investment if you can get these two aspect right.

You are right before starting any investment the person ought to have draft and map out how he or she wants there investment to be and at same time taking cognizance of the possible factors that can affect them while carrying out there investment. Anyone who rush into Bitcoin investment without all these thought maybe because they saw there friend or a relative doing it, the person will definitely not finish well ( unforseen circumstances will cut them up along the process). DCA is the best strategy yes but an investor will be the one to make it best for them by keeping are the necessary requirements and by following the process well.

[Tungbulu]

I would think that folks probably have different arrangements in terms of coins they consider hot, medium and cold, and surely the practices could change over the years.

maybe in the very beginning a person keeps everything on an exchange, but he starts to learn about various ways to hold coins.. so the more ways that he holds coins, then if some of them are hot or medium, then they might be more vulnerable.. like how much might you hold on your phone for transactions, or maybe you don't hold much, but if you know that you are going to buy some expensive item, then you might carry the bitcoin on your phone for just that transaction.

you might have funds that you keep for transacting to refill your hot wallet or maybe transacting with friends and family (not on the street), so those might be medium storage, even though you still might need to be careful about UTXO management in tersm fo if some folks might see the balances in the wallets that you are using.. or maybe you learn about lightning network wallets and other kinds of wallets, so then you would still consider if those are hot, medium or cold, and surely the cold would have the most security, even though you might need to check in on them from time to time (once or twice a year or maybe more, depending on your situation), to make sure that you still have access to them.. Guys will make varying choices, and sometimes not want to get into too many details about what they do, yet I do sometimes post on coin management topics, and thin that the main idea is that there are likely levels.. and surely if you are buying $10 per week, it might take close to a year before you might feel a need to move those accumulated coins to a private wallet.

Managing one's coins is indeed a personal thing and depends on the individuals, and they surely have different approaches to what they consider hot, medium and cold storage. I believe it's normal to get started with everything on an exchange IMO, I mean a lot of people have, and then as they proceed and advance further, they can actually learn other secure ways to store their coins. And the more ways one store coins, the more one needs to think about security, especially when they're using a hot or medium storage method.

And for transactions, some might prefer to leave a small amount on their phone or use a particular wallet for that purpose, others might also prefer to use a completely different wallet for transactions with family and friends. UTXO management is also worth considering, especially when your wish to prioritize anonymity.

The LN and a few other types of wallets provides one with more options and each of those wallets has their own various security considerations. If we wanna talk about the most secure storage method, them it's definitely the cold storage, but it's not a set it and forget it situation, you've still gotta be checking up on it from time to time to make sure you've still got access to you coin.
Everyone has their own unique situations and not everyone are comfortable with sharing all the details that concerns their management strategies and that's pretty much understandable. IMO, the most essential thing is to have a system in place that works perfectly well for you and to be mindful of the different levels of security. If one is purchasing smaller amounts of bitcoin regularly, like $10 per week, I feel it's okay to just leave the coins in an exchange initially, but  in subsequent time, you might eventually wanna move them to a more private wallet to ensure you've got an added layer of security.

[bitzizzix]

Not waiting for the dip or not investing is the biggest risk. Small investments in a consistent manner can give us real results at some point. Fall is in everything, so the most important thing for the newbie is to start now and invest regularly without stopping it in this mindset. Excessive caution will often become an additional risk. Small investments at a time, keeping up with time, risk-taking mentality, and being patient for the right time can bring success. It is impossible to determine the right time for the market. If we dip in the form of DCA, we can get our assets as real assets in the future.

If you wait for the fall, will you ever find the right time? Of course you will never find the right time. Now suppose you wait for the fall and it falls a little, then you think it can fall further, so waiting for the fall is not wise. It is not that the price of Bitcoin is stable, of course the price of Bitcoin will continue to increase with time. You could not have imagined 14 years ago that the price of Bitcoin would be 100k dollars, but instead of time the price of Bitcoin has become $100k plus. So you can expect that at some point in the future the price of Bitcoin will be a million dollars. So I see no reason to wait, if you follow the DCA method, you will get the opportunity to buy at any price. So do not wait and fall behind, if you want to take advantage of the opportunity, you should start investing now.

There's no need for people to wait for a dip if they consider to invest on Bitcoin for long term. Those waiting game is usually been done by traders and most of them is engaging on a risky activity since market Bitcoin is unpredictable so there's a chance that they missed a lot or made a bad move.

Bitcoin is for long term and people should think about that this is better to do with their Bitcoins. Supply is limited to 21 million and as we can see the demand keeps growing. This is make Bitcoin became more valuable and this is one of good reason that's why they should acquire more and don't wait for something before they execute their orders.

And this is what they need to know especially beginners, one of the reasons is its limited supply of only 21 million Bitcoins and this is what allows the price of Bitcoin to become more expensive in the long term and this should be a motivation to continue collecting more Bitcoins without having to worry about the price. And if the goal is for the long term and not for trading, it is better to buy when you already have money and the money comes from discretionary income without looking at the price when you want to do it and if done consistently in the long term the Bitcoin owned will be large and when the price of Bitcoin continues to increase because its supply is limited and high demand will push the price of Bitcoin much higher which will provide extraordinary benefits in the future.

[Cpt_reader]

I think there is no need to wait for investing in Bitcoin. Because I myself bought Bitcoin when it was 25,000 and sold it at 40, thinking that this might be the highest price. If I lower it a little, I will buy it again. I kept waiting, but even after lowering it a little, the price kept increasing. I thought and waited a little longer, and after thinking, it reached 100, then I decided that there was no point in thinking anymore, I will buy Bitcoin with a part of my salary every month, so I started buying. Now I realize that I was wrong to wait. I think Bitcoin is an asset that may go beyond our reach in the future. So now is the right time to invest.

[IjawMan]

Not waiting for the dip or not investing is the biggest risk. Small investments in a consistent manner can give us real results at some point. Fall is in everything, so the most important thing for the newbie is to start now and invest regularly without stopping it in this mindset. Excessive caution will often become an additional risk. Small investments at a time, keeping up with time, risk-taking mentality, and being patient for the right time can bring success. It is impossible to determine the right time for the market. If we dip in the form of DCA, we can get our assets as real assets in the future.

If you wait for the fall, will you ever find the right time? Of course you will never find the right time. Now suppose you wait for the fall and it falls a little, then you think it can fall further, so waiting for the fall is not wise. It is not that the price of Bitcoin is stable, of course the price of Bitcoin will continue to increase with time. You could not have imagined 14 years ago that the price of Bitcoin would be 100k dollars, but instead of time the price of Bitcoin has become $100k plus. So you can expect that at some point in the future the price of Bitcoin will be a million dollars. So I see no reason to wait, if you follow the DCA method, you will get the opportunity to buy at any price. So do not wait and fall behind, if you want to take advantage of the opportunity, you should start investing now.

As a bitcoin long term investor who uses DCA as his investment strategy in building his portfolio, you don't have anything to worry or concern your mind with the dip, a fall or rise in price. All you have to focus on is accumulation be it that price falls or rise. It's traders that worry about price direction, not for long term investors. In applying caution doesn't mean you have to worry about price

[DubemIfedigbo001]

if you increase the allocation for your buys too much, you might end up being caught half way such that other needs might come up that the remaining 50% might not be enough to solve abnd then you have no option than selling part of your holding to solve them all. everything about your investment is about doing proper planning.

I would really want to admit that you are still flowing with merit.s who pointed out that 35% of your discretionary income may not be termed very effective. I would not really tell somehow how to invest into bitcoin, but I would really point out that 35% of your discretionary income can be described as being whimpy in your investment. Reason being that before you have your discretionary income, you must have settled your expenses, so any expense that might come up outside of your expenses budget can be handled by your variances of backup funds, or your emergency fund if it is really an emergency.

50% of your discretionary income into bitcoin looks like a good deal to me, Having been building your variances of backup funds and emergency fund with the other 50% overtime should have amounted to something tangible and can handle any extra expenses that bursts out. I personally do not agree with you that putting up to 50% of your discretionary income would mean putting much pressure on yourself, especially when the other 50% isn't dedicated to your expenses, but building out your backup funds and floating cashes.

[Bluedrem]

I think there is no need to wait for investing in Bitcoin. Because I myself bought Bitcoin when it was 25,000 and sold it at 40, thinking that this might be the highest price. If I lower it a little, I will buy it again. I kept waiting, but even after lowering it a little, the price kept increasing. I thought and waited a little longer, and after thinking, it reached 100, then I decided that there was no point in thinking anymore, I will buy Bitcoin with a part of my salary every month, so I started buying. Now I realize that I was wrong to wait. I think Bitcoin is an asset that may go beyond our reach in the future. So now is the right time to invest.

Surely you are not a good investor. You may have little idea about Bitcoin. I do not know how many dollars you invested at once when you invested. Maybe you invested without your emergency fund, due to which you had to sell your Bitcoin later or you lacked morale. Bitcoin is an electronic currency that can be invested for a long time. If you invest for a short time, there is little chance of getting a good amount of profit from it. People invest in Bitcoin to maintain the correct value of their money because the value of fiat currency is decreasing day by day due to constant inflation in the world.
If you want to keep your invested Bitcoin, then separate the discretionary income from the money you earn, excluding initial expenses and emergency funds, and from there continue to invest in Bitcoin in the DCA method.

[Tonimez]

I think there is no need to wait for investing in Bitcoin. Because I myself bought Bitcoin when it was 25,000 and sold it at 40, thinking that this might be the highest price. If I lower it a little, I will buy it again. I kept waiting, but even after lowering it a little, the price kept increasing. I thought and waited a little longer, and after thinking, it reached 100, then I decided that there was no point in thinking anymore, I will buy Bitcoin with a part of my salary every month, so I started buying. Now I realize that I was wrong to wait. I think Bitcoin is an asset that may go beyond our reach in the future. So now is the right time to invest.

Waiting for bitcoin price to come down before you invest is the easiest way to quit bitcoin investment. This is because bitcoin is a volatile currency and has no established pattern of volatility. You invested at $25k and sold at $40k, I'm sure all these happened with the same year, probably 2023. You either weren't informed well about bitcoin or you were introduced into bitcoin by a bitcoin trader. Imagine if you still have that bitcoin by now, which is still less than two cycles, you could own assets in any much you wish.

There is no amount for bitcoin that is worth the next price of bitcoin. Even though you sell today at $200k, there are still higher chances of surpassing that amount sooner that you can imagine.

Surely you are not a good investor. You may have little idea about Bitcoin. I do not know how many dollars you invested at once when you invested. Maybe you invested without your emergency fund, due to which you had to sell your Bitcoin later or you lacked morale. Bitcoin is an electronic currency that can be invested for a long time. If you invest for a short time, there is little chance of getting a good amount of profit from it. People invest in Bitcoin to maintain the correct value of their money because the value of fiat currency is decreasing day by day due to constant inflation in the world.
If you want to keep your invested Bitcoin, then separate the discretionary income from the money you earn, excluding initial expenses and emergency funds, and from there continue to invest in Bitcoin in the DCA method.

You may not totally say that he is a bad investor when you are not sure of how he learned about bitcoin. Some of us were lucky to learn about bitcoin from the right source with the right orientation allowing you understand that bitcoin should be aimed at long term holding. Prior to joining this forum, I have always thought it's all about trading bitcoin. But in one way or the other, I couldn't trade due to fear of loosing my funds and not understanding the charts. Everyone has his early experiences in bitcoin investment and how he manages to get to the right track. I hope he does it better this time.

[Sim_card]

I think there is no need to wait for investing in Bitcoin. Because I myself bought Bitcoin when it was 25,000 and sold it at 40, thinking that this might be the highest price. If I lower it a little, I will buy it again. I kept waiting, but even after lowering it a little, the price kept increasing. I thought and waited a little longer, and after thinking, it reached 100, then I decided that there was no point in thinking anymore, I will buy Bitcoin with a part of my salary every month, so I started buying. Now I realize that I was wrong to wait. I think Bitcoin is an asset that may go beyond our reach in the future. So now is the right time to invest.

This is the mistake that a lot of new investors are doing. They feel that waiting for the price of bitcoin to dip to a certain level is the best time to buy but they forget to understand that they will keep on waiting and wasting time blindly because bitcoin price might not dip to their expected time. They will keep waiting in vain missing a lot of opportunities that they should have used to build their bitcoin portfolio to a certain size. A no coiner and low coiner shouldn't wait but keep buying with DCA ongoingly, weekly, consistently and persistently for 4-10 years and above.

I am happy that you have experienced the consequences of waiting because you will end up having very little bitcoin that you bought cheap which shouldn't be priority. Your priority should be accumulating continuously every week with your discretionary without having concern of bitcoin price at that moment until, you reach your bitcoin target

[gracreavix]

Of course, each of us has to go by our own circumstances and attempt to tailor our bitcoin approach to our personal situation, which even includes our sense of bitcoin as an investment compared with other places that we might put value.

I likely was fairly convinced about bitcoin from the start, at least in terms of the boundaries of my tentative plan.

When I came to bitcoin, I had already been investing in various kinds of assets for more than 20 years, so I had built up various kinds of holdings, but mostly in index funds and some aspects in property and businesses, yet at the same time, I had frequently been interested in hedging some of my prior investment to make it gold-like (a hedge against the dollar), and one of my abilities to continue to contribute to a 401k plan was drying up, so I wanted to build some investments (potentially bitcoin) to supplement my having had already built the 401k (the 401k investment did not disappear, only my ability to continue to add to it had disappeared), so I was actually thinking that a 10-20 year investment timeline, I might be able to both build my investment into something like bitcoin and to potentially have the bitcoin investment to be equal to or greater than the 401k that I had been building for somewhere close to 20 years.

So my initial plan was to just follow a 6 month budget that I had created, so I divided the 6 months into 26 parts in order to get my weekly bitcoin investment budget that I followed it for about 5 months and since my timeline was running out (around May 2014), I extended my authorization with another 6 month budget.. so then by the time November/December 2014 came, I started to conclude that maybe I had invested about 10% of my total investment portfolio into bitcoin, and I was starting to feel that I had enough..

and so then thereafter I could just invest into other things.. so the BTC price when I started was around $1,100 in late 2013, and in late 2014, the BTC price was around $380.. and so largely at that time, I started to think that I can just play it by ear with any additional investment that I might make and not to worry so much that I largely had enough bitcoin (even though my cost per BTC was around $600 at that time, so my holdings were around 40% in the negative... and I thought things would just work itself out.

Largely after that late 2014 and into a large part of 2015, the BTC price dropped from upper $300s and lower $400s into the mid-to-lower $200s and even had a couple times going into the mid-to-upper $100s.. so I continued to buy a little of bitcoin mostly in the mid $200s, but I largely had some cashflow problems at that time (with one of my businesses), so I was ONLY periodically able to accumulate bitcoin during 2015, yet even with all of that, I calculated that I had reached an overaccumulation stage because in mid to late 2015, my investment into bitcoin started to get to be around 13.5% of my overall investment portfolio, so I started to conclude that I had overaccumulated by around 3.5%, since my initial goal was to just get the bitcoin to be around 10% of my overall investment portfolio... so from my perspective, my considering myself to have had gotten into overaccumuation status gave me some additional options... in order dealing with my BTC portfolio, so i worked out some systems to sell on the way up and to buy on the way down, and developed some other strategies, whiich really did not take me out of BTC accumulation until perhaps around 2017 by the time that maybe I just went into more of a maintenance status, which means that I did not sell too much BTC on the way up in 2017, and then I bought back down in 2018 from whatever I had sold in 2017.. and in the end, I had been developing my various BTC management strategies based on my own circumstances and my perceptions of my circumstances.

I will say that I never really got out of overaccumulation status since you can see from my various charts that I had assessed my BTC holdings to be 9.5% of my total investment portfolio in late 2014, and then it was 13.5% in late 2015, and then it was 80% in late 2017, and then it was 42% in late 2018, 89% in late 2021, and 63% in mid 2022 (the last time that I updated the chart).

I largely developed strategies that involved selling only small portions of my BTC holdings on the way up.. that might go up to 10% for every doubling, but in practice I did not tend to sell that much and I tended to buy much of if back, yet my theory had been that I wanted to be prepared if the bTC price went shooting up, so that I was never selling so much that I would regret it.. so I had an underlying BTC management approach that had a built in assumption that the BTC price could go shooting up, and then I did not want to be in a position of regretting to having to have sold too much too soon. 

So largely through they years I just allowed whatever value in bitcoin to compound upon itself.. which I figure through 2015 and now, my bitcoin holdings has largely gone through 8 or 9 doublings, which adds up to around 256x appreciation, even though I have been considering counting something like $1k to $3k as my average cost per BTC.. so then it becomes easier to calculate with $1k per BTC.

Some comfort develops with being "in profits," but also potentially ongoingly studying our own circumstances in order to figure out if we might want to adjust any of the strategies that we might have... even if we might move from being in accumulation stage to maintenance stage and then to sustainable withdrawal stage.. We likely would be informed by our ongoing studying of bitcoin, in the even that we are engaged in such... and if we are invested in bitcoin, there should be motivation to stay interested in

Wow, that is really something. Respect for how you stayed committed even when the price was dropping, that couldn’t have been easy. It is clear you were not just randomly buying BTC, but had a plan and were thinking ahead about how it fit into your bigger plan.

When reading through, this is me calculating and thinking out at least 10 years long term plan lol..

I like how you broke it down with the budgeting and phases, and also the idea of setting a percentage target for your bitcoin holdings, that is smart. TBH, lot of us including myself, usually skip that part..

Over the years, I have seen quite a few of the instances of guys selling too much too soon and/or failing/refusing to regularly buy bitcoin since they keep thinking that the BTC price is going to dip, and then their mistakes end up affecting their whole approach to bitcoin accumulation in a negative way... such as their inability to get back into bitcoin and other seemingly self-inflicted psychological problems... but yeah, sure there can be a variety of mistakes that contribute towards guys managing their bitcoin accumulation badly.

Yeah, I would say I’ve felt that myself, there’s always that temptation to time it perfectly, and ending up doing nothing or buying later when the price goes up all bcus it refuses to get to the so call perfect entering price. I guess it is like you said earlier, having a system and sticking with it will remove lot of that stress and all..  You kw buying a bit regularly doesn’t feel exciting at first lol, but it is clear that in long term, it is what seems to actually work.

I would think that folks probably have different arrangements in terms of coins they consider hot, medium and cold, and surely the practices could change over the years.

maybe in the very beginning a person keeps everything on an exchange, but he starts to learn about various ways to hold coins.. so the more ways that he holds coins, then if some of them are hot or medium, then they might be more vulnerable.. like how much might you hold on your phone for transactions, or maybe you don't hold much, but if you know that you are going to buy some expensive item, then you might carry the bitcoin on your phone for just that transaction.

you might have funds that you keep for transacting to refill your hot wallet or maybe transacting with friends and family (not on the street), so those might be medium storage, even though you still might need to be careful about UTXO management in tersm fo if some folks might see the balances in the wallets that you are using.. or maybe you learn about lightning network wallets and other kinds of wallets, so then you would still consider if those are hot, medium or cold, and surely the cold would have the most security, even though you might need to check in on them from time to time (once or twice a year or maybe more, depending on your situation), to make sure that you still have access to them.. Guys will make varying choices, and sometimes not want to get into too many details about what they do, yet I do sometimes post on coin management topics, and thin that the main idea is that there are likely levels.. and surely if you are buying $10 per week, it might take close to a year before you might feel a need to move those accumulated coins to a private wallet.

Actually makes a lot of sense. Never really thought about breaking things down into hot, medium, and cold like that, but it is a smart way to manage things without making it too complicated. I would incorporate this..