Buy Buy Buy or Sell Sell Sell?

[adultcrypto]

I really don't sees it as a bad practice withdrawing some profit from your Bitcoin investment, if you have gotten to that over accumulation status, where the problem lies is selling everything off and becomes a no coiner all of a sudden, that's where the problem lies if you ask me, because at some point, we have to enjoy the fruit of our labour.
What I find problematic is the stipulated timeframe you intend holding, holding just for two circles doesn't seems like long to me because if you can attain that height of over accumulation status during that timeframe, you need to hold for one or two more circle for your Bitcoin investment to give you the best possible result you envision before starting, so in essence of what am trying to say is that 8 years is too small to be term as long term.

There's absolutely nothing wrong with withdrawing some profits out of your bitcoin investment. Nothing is wrong with it besides we're humans and not robots and we have our needs and emergencies sometimes which supersedes our investment plans.

If you have reached your accumulation goals and perhaps you feel you have done enough buying and holding over the years and probably you have reached a point in life where you no longer work actively to earn from other means, then you can begin to think about taking out so of your bitcoin to sort out your needs after all there is a saying that "the money you save today will save you tomorrow". However, you must be careful not to justify reckless withdrawal of your bitcoin else you will run out of bitcoin in the near future. JJG made a very interesting thread JJG's Bitcoin Investment Ideas (Sustainable Withdrawal / Portfolio Maintenance) to help with minor details that will make the withdrawal process and not harm your portfolio.

[Spaceman1000$]

I won’t sell except for problems my emergency funds can’t solve because I know I am right to continue buying bitcoin. When I look at my wallet I don’t believe that I am able to hold that much I see in it. Small saving can quickly add up. Be like me and just continue with saving the small you have .

-CJay

It's unwise doubting your capabilities buddy, you can hold and accumulate a very huge chunk of Bitcoin if you have the will to do so, nothing is impossible regardless of how small your discretionary income is.

As for the aspect of selling because your emergency funds can't handle the emergency situation, that shows that you aren't planning your Bitcoin investment properly, because if you are planning properly, your emergency funds should be big enough to withstand any emergency situation thrown your way, so try to build a big emergency fund that carry your Bitcoin investment to any period of time you plan on your investment to last, stop thinking short term, because long term is the proper way to make a fortune from your bitcoin investment.

i disagree with you on the statement that you made that if emergency funds can’t handle situations, that shows he isn’t planning his Bitcoin investment properly. Let’s be realistic, hope you know that there are some unforeseen circumstances that might hit someone, even your emergency funds might not be able to handle it. Most times we may have some financial challenges with our portfolio, but that doesn’t mean a person wasn’t planning his bitcoin investment properly. However, short term selling isn’t the best practice, because of volatility which might cause one sell at a loss, especially during market dip.

It is true that sometimes challenges can surpass what is in our emergency and that is why we should make our emergency funds to be strong and big just as our portfolio. I believe a wise investor will device a means when something of this nature happens and they will handle it in such a way that it won't really show or affect there portfolio. But the truth is sometimes this kind  of scenario doesn't happen just like that I mean it is always rare and before situation like this would happen a good investor ought to have set up things because as you are investing as an investor you are also calculating how to handle or approach a situation if something went wrong.

emergency funds is an appendage of your discussionary income, so in most cases it grows side by side with your investment but it doesn't grow above your investment, the only thing that makes your emergency funds strong is the number of years you've put into consistency. But Most situations that happens to human beings we don't see them coming, so situation that might surpass our emergency funds might not come ringing a bell, else we will foresee it and dodge it, but I agree with you that situations like that are rare in occurrence.

[danadc]

Don't confuse yourself because I only made use of a scenario where if you are being paid monthly salary of $1500 and when you removed your utility bills and other bills, you will have a left over of $200. You don't have to use the $200 ans invest in Bitcoin. You can always divided it into two and use half for investing and keep the remaining as an emergency fund. That is after you have removed all necessary bills including savings.

And that option is very smart The example you give is what happens in real life for many of us , If I have $200 left over , I also divide it up I can use $100 for the DCA method and easily buy my BTC, I'd have $100 left over, which I can divide up for miscellaneous expenses and always keep some money in my pocket, which is also necessary to resolve any new issues.

When buying BTC, the idea is to do it right The money you buy doesn't have to be withdrawn again because it simply wasn't calculated correctly and you need that invested money The method won't work, and you'll become financially Undisciplined.

I can't agree with one thing you said to keep a part of your discretionary income for buying in the DIP so that when the price of Bitcoin decreases in the future, you can use that opportunity. But if the price of Bitcoin does not decrease in the future, then you will have to buy Bitcoin at a higher price with the money you did not invest. This will miss a good opportunity. So I personally think that investing some portion of your money in Bitcoin on a regular basis is a good idea, without paying so much attention to the fluctuations in the price of Bitcoin.

That's a great idea to leave some discretionary income to be able to buy the dips, but it would be ideal if while leaving a part to buy the dip, you continue the plan of buying with the DCA method, that is, if you buy BTC weekly, then continue applying it, and another part to buy those dips, it's always good to do it that way and it's a phenomenal idea.

[Kelward]

. If money for your investment should take 70% of your total income your emergency funds should not take up to 20% because you are not working to solve problems when though you will always encounter problems a long the line.

Planning your Bitcoin investment like this is a clear sign that you have failed before it even started, why would you even contemplate investing like 70% of your total income?
You should only be thinking of investing with your discretionary income, money left after all your basic needs have been met, but if an investor start his Bitcoin investment or decides to invest like 70% of his income in Bitcoin without sorting out his basic needs first, it will not be up to a week before he falls back to his investment just to sorts out some financial needs, so don't ever do that, invest only from your discretionary income, not 70% of your total income, because that's financial suicide.

Is buying Bitcoin with 70% of your total income a good financial decision? I'd say that it depends on your financial responsibilities. Realistically I'll say investors that makes money but don't have any financial obligations can do that, like young people that are working and living with their parents. If their parents takes care of their immediate needs like food, shelter and are able to provide for them Incase of emergencies.

For majority of people that are investing in Bitcoin it is quite unrealistic for us to use 70% of our incomes to buy Bitcoin because we have unavoidable responsibilities. Before you talk about having discretionary funds from where buying Bitcoin comes from you need to first consider your basic or unavoidable expenses.

For most income earners their basic expenses which they must make provisions for are over 50% of their total income. On average about 40% is what comes into discretionary funds every week or month and from their emergency funds, DCA funds and the rest comes out. So people with financial responsibilities must have budgets for their income otherwise if they're too excited to buy Bitcoin with almost all their income they will sell them sooner than later to take care of pressing needs.

[Proty]

Somehow this statement resonates to me as though you're promoting buying only the dip? It isn't advisable to buy only because the market experienced a correction, It's important as a no coiner who has discretionary income available to set an accumulation target and  continue to buy bitcoin regardless of the market condition. The goal is to have a good stash of bitcoin and reach your target or even surpass it on the long run and not to buy when the prices are low since this is the actions of a trader and not a real investor. When you buy consistently, your periodic buying would still cut across the dip and you end up buying when there is a price correction. If you are very much interested in lump summing on the dip, you can do well to save like 20% of your regular buying amounts consistently and with the discipline of not diverting it in other matters and when your desired dip presents itself you would have saved up a good sum to lump sum and buy the correction as you wanted while you continue buying consistently to reach your Accumulation target.

Buying the dip is not a bad strategy per say but from my experience, it is not optimal to buy only at dips, you will miss a lot of opportunities or likely make mistakes in the process when you stay aside to wait for dips before you buy. Recur that most times we only notice the bottom of the market when it has already happened because there is no perfect way to determine when the dips will happen.

Therefore, buying the dip should not be applied in isolation. You can continue buying with the DCA method and just set small portion of your funds aside to buy should there be a dip. Through this approach, you will get your accumulation objectives fulfilled no matter what happens in the market.

Yes, investing in Bitcoin can be difficult for those who spend time waiting for the dip. No one knows when the dip will come. The person who decided to buy Bitcoin at $70,000 but he is waiting for the dip. I do not know if he will find that dip at all. If that dip ever comes, then there is doubt whether that person will be eligible to buy Bitcoin. Because Bitcoin has been in a bullish trend for a long time, if the dip comes after a long time, then the money allocated for investment at that time is likely to be spent on something else. Therefore, it is better to accumulate Bitcoin at the current price by considering the dip.

Bitcoin price is currently expected to be 1 million, if this price crosses $150000 or $200000, then we may have to give up hope of finding a dip. If we look at the previous charts of the last few years, our expectations about the dip will change. That's why no one shouldn't miss their chance by expecting a dip.

It isn't a good idea to be waiting  for a desire dips and this is among the mistakes most newbies do make. No one can speculate or predict with certainty the market direction since bitcoin doesn't move whatever direction we feel, so waiting for a dip which we aren't certain that it may occur is very wrong. There are people who has been expecting bitcoin to dip within the range of $30 to $40 unfortunately it didn't go there way but rather they are seeing the price surging higher.

[blackberrman]

Don't confuse yourself because I only made use of a scenario where if you are being paid monthly salary of $1500 and when you removed your utility bills and other bills, you will have a left over of $200. You don't have to use the $200 ans invest in Bitcoin. You can always divided it into two and use half for investing and keep the remaining as an emergency fund. That is after you have removed all necessary bills including savings.

And that option is very smart The example you give is what happens in real life for many of us , If I have $200 left over , I also divide it up I can use $100 for the DCA method and easily buy my BTC, I'd have $100 left over, which I can divide up for miscellaneous expenses and always keep some money in my pocket, which is also necessary to resolve any new issues.

When buying BTC, the idea is to do it right The money you buy doesn't have to be withdrawn again because it simply wasn't calculated correctly and you need that invested money The method won't work, and you'll become financially Undisciplined.

I can't agree with one thing you said to keep a part of your discretionary income for buying in the DIP so that when the price of Bitcoin decreases in the future, you can use that opportunity. But if the price of Bitcoin does not decrease in the future, then you will have to buy Bitcoin at a higher price with the money you did not invest. This will miss a good opportunity. So I personally think that investing some portion of your money in Bitcoin on a regular basis is a good idea, without paying so much attention to the fluctuations in the price of Bitcoin.

That's a great idea to leave some discretionary income to be able to buy the dips, but it would be ideal if while leaving a part to buy the dip, you continue the plan of buying with the DCA method, that is, if you buy BTC weekly, then continue applying it, and another part to buy those dips, it's always good to do it that way and it's a phenomenal idea.

By investing using this DCA strategy, you can invest regularly in small weekly or monthly amounts and these small steps of yours can bring you something big at a time. You can invest the remaining money in Bitcoin from the income you have and use it for your necessary purposes. However, you should refrain from spending your money on unnecessary things. Always be one step ahead for the future and be aware because if you wait for Bitcoin to dump, you may fall behind because you will be disappointed when you see the price of Bitcoin increase. In that case, the DCA strategy is the best for you.

[JayJuanGee]

And the crazy part? DCA works even when you don’t time the bottom… Like, you could literally buy while Bitcoin is dropping, and as long as you stay consistent over time, you still be profitable off it…  That’s what people don’t get. You’re playing the long game, and the long game always wins in Bitcoin investment...

Most of the OGs you see sitting on bags of Bitcoin did not trade their way there, they just kept buying regularly, ignored the noise, and waited. Simple as that….

The crazy part if we are buying bitcoin for 4-10 years and even longer, we could end up buying at the top and at the ATH several times and still end up in profits over the long term with each of the purchases and/or with the overall average purchases, and we have no way to know if we are buying at the top, so we should not be thinking about those kinds of matters if we keep on accumulating bitcoin on a regular basis, as you mentioned.

[edited out]

Well, while investing in Bitcoin, it's essential to have a view of your finances. That is to say that is not just about the available funds you have for investment, but your overall income and expenses, as well as any  future inflows of discretionary income. Doing this, can help you create a very thoughtful investment plan that will aligns with your financial goals and your risk management.

When putting extra money, which you are absolutely right that, there other options for one to consider. While some people may choose to buy Bitcoin immediately, while others might put aside a part or portion for buying dips or adding to their regular DCA. Which is to help to make informed decisions based on individuals capacity and their financial goals.

Also, it's true that holding back money to buy dips can put those who have limited discretionary fund or those who are early in their Bitcoin accumulation might find it confusing in making a well informed decisions or plan in their investing. But, in this state, it might be more proper or productive to focus on regular investing and allow the power of compounding work in their favour.

So, the best thing to do, is to have plan or strategy that will work or favour you and your financial situation. For it will help you to be able to achieve your success with Bitcoin.

Part of the problem of poor people waiting or employing waiting strategies rather than ongoingly buying is because it takes a real long time to build any kind of investment stake, and even a person who is able to invest 10% of his income is going to take 10 years to have 1 years worth of income invested into bitcoin.. there are a lot of poor people who may well not even be able to put 5% of their income per year into bitcoin, so it could well take them 20 years or longer to invest up to 1 year's of their income into bitcion.

So part of the point is that they have to get a stake in up before fucking around with waiting strategies or buying on dip or anything other than just employing persistent and regular buying.  So yeah, poor people frequently end up screwing themselves by failing/refusing to stay focused on ongoingly buying of bitcoin, which is likely what they need to start to feel progress that might take them 10 years or more before they will start to feel that they are making some meaningful levels of progress, and I doubt that they are going to help their position by fucking around waiting for dips that may or may not end up happening. 

And yeah, in the end, each of us can do whatever we like, even dumb shit... and waiting, trading, getting involved in shitcoins are all dumb strategies, especially for poor people who should be figuring out how to ongoingly, persistently, consistently, regularly and perhaps even aggressively (within their means) be accumulating bitcoin through buying.

The slow pace of accumulation can actually lead to frustration like waiting for dips which might bring desired results.

Instead, they should focused on regular buying, especially those with limited discretionary fund. That is being consistent helps them to stake over time and it brings progress in their Bitcoin journey and will be able to navigate market fluctuations.

In essence, individuals can make progress towards their financial goals, even with the limited discretionary fund through consistent in accumulation, for this can help them develop a discipline investment habit, for them to be able to accomplish or achieve for long-term success regardless of market conditions and also it's essential to apply patience, persistence and discipline while exhibiting good strategy.

Even a poor person who is ONLY able to invest right around $10 per week will have had invested $520 in a year, and perhaps after 10-15-20 years, such poor person might start to feel quite well off, even if they are not rich, they are likely way better off than they would have had been if they had not invested into bitcoin.. Such person may well invest $5,200 after 10 years and even $10,400 after 20 years, and yeah, it could well be the case, that such poor person is frequently tempted to tap into his bitcoin investment too... especially since it may well start to seem that every bit of his additional investment into bitcoin is not making much difference in regards to the total value of the investment and how the investment might be fluctuating in value from time to time.   

Depending on how long he waits to keep building his investment into bitcoin, based on his income level, he may well start to be able to live off of his bitcoin after 15 years or so.  Perhaps? perhaps?. in other words,  the bitcoin might be able to generate way higher levels of income than he had been putting in, so after 10 years he might start to be able to draw $200 per week from his bitcoin, which is 20x the amount on a weekly basis that he had been putting in on a weekly basis.  So even though the amounts are low, the guy could still end up being protected by his bitcoin investment so long as he had been able to exercise some discipline in building, holding, securing and managing his coins.  It may well be true that generally poor people do not have those kinds of good habits or abilities to learn those kinds of skills, yet there will be some poor people who would be able to both learn the skills and to exercise that level of discipline in regard to building, managing and securing their bitcoin.

[BitBakerr1]

And the crazy part? DCA works even when you don’t time the bottom… Like, you could literally buy while Bitcoin is dropping, and as long as you stay consistent over time, you still be profitable off it…  That’s what people don’t get. You’re playing the long game, and the long game always wins in Bitcoin investment...

Most of the OGs you see sitting on bags of Bitcoin did not trade their way there, they just kept buying regularly, ignored the noise, and waited. Simple as that….

The crazy part if we are buying bitcoin for 4-10 years and even longer, we could end up buying at the top and at the ATH several times and still end up in profits over the long term with each of the purchases and/or with the overall average purchases, and we have no way to know if we are buying at the top, so we should not be thinking about those kinds of matters if we keep on accumulating bitcoin on a regular basis, as you mentioned.

Anyone who is accumulating Bitcoin for long term and then thinking about purchasing and not purchasing when the price is high or low is not really planning on holding for long term such a person already has a trading mindset on him, because as a long term Bitcoin investor you should understand that weather you are buying at a high price it does not matter or it does not stop you from gaining benefits at the long run.
Investing in Bitcoin for long-term gives you that privilege of making benefits no matter the amount you bought Bitcoin, you can start buying Bitcoin that the price of $118k and because you are holding for long term you are sure that Bitcoin will raise, let's not forget that Bitcoin was $50k before and now is $116k.

[edited out]

Well, while investing in Bitcoin, it's essential to have a view of your finances. That is to say that is not just about the available funds you have for investment, but your overall income and expenses, as well as any  future inflows of discretionary income. Doing this, can help you create a very thoughtful investment plan that will aligns with your financial goals and your risk management.

When putting extra money, which you are absolutely right that, there other options for one to consider. While some people may choose to buy Bitcoin immediately, while others might put aside a part or portion for buying dips or adding to their regular DCA. Which is to help to make informed decisions based on individuals capacity and their financial goals.

Also, it's true that holding back money to buy dips can put those who have limited discretionary fund or those who are early in their Bitcoin accumulation might find it confusing in making a well informed decisions or plan in their investing. But, in this state, it might be more proper or productive to focus on regular investing and allow the power of compounding work in their favour.

So, the best thing to do, is to have plan or strategy that will work or favour you and your financial situation. For it will help you to be able to achieve your success with Bitcoin.

Part of the problem of poor people waiting or employing waiting strategies rather than ongoingly buying is because it takes a real long time to build any kind of investment stake, and even a person who is able to invest 10% of his income is going to take 10 years to have 1 years worth of income invested into bitcoin.. there are a lot of poor people who may well not even be able to put 5% of their income per year into bitcoin, so it could well take them 20 years or longer to invest up to 1 year's of their income into bitcion.

So part of the point is that they have to get a stake in up before fucking around with waiting strategies or buying on dip or anything other than just employing persistent and regular buying.  So yeah, poor people frequently end up screwing themselves by failing/refusing to stay focused on ongoingly buying of bitcoin, which is likely what they need to start to feel progress that might take them 10 years or more before they will start to feel that they are making some meaningful levels of progress, and I doubt that they are going to help their position by fucking around waiting for dips that may or may not end up happening. 

And yeah, in the end, each of us can do whatever we like, even dumb shit... and waiting, trading, getting involved in shitcoins are all dumb strategies, especially for poor people who should be figuring out how to ongoingly, persistently, consistently, regularly and perhaps even aggressively (within their means) be accumulating bitcoin through buying.

The slow pace of accumulation can actually lead to frustration like waiting for dips which might bring desired results.

Instead, they should focused on regular buying, especially those with limited discretionary fund. That is being consistent helps them to stake over time and it brings progress in their Bitcoin journey and will be able to navigate market fluctuations.

In essence, individuals can make progress towards their financial goals, even with the limited discretionary fund through consistent in accumulation, for this can help them develop a discipline investment habit, for them to be able to accomplish or achieve for long-term success regardless of market conditions and also it's essential to apply patience, persistence and discipline while exhibiting good strategy.

Even a poor person who is ONLY able to invest right around $10 per week will have had invested $520 in a year, and perhaps after 10-15-20 years, such poor person might start to feel quite well off, even if they are not rich, they are likely way better off than they would have had been if they had not invested into bitcoin.. Such person may well invest $5,200 after 10 years and even $10,400 after 20 years, and yeah, it could well be the case, that such poor person is frequently tempted to tap into his bitcoin investment too... especially since it may well start to seem that every bit of his additional investment into bitcoin is not making much difference in regards to the total value of the investment and how the investment might be fluctuating in value from time to time.   

Depending on how long he waits to keep building his investment into bitcoin, based on his income level, he may well start to be able to live off of his bitcoin after 15 years or so.  Perhaps? perhaps?. in other words,  the bitcoin might be able to generate way higher levels of income than he had been putting in, so after 10 years he might start to be able to draw $200 per week from his bitcoin, which is 20x the amount on a weekly basis that he had been putting in on a weekly basis.  So even though the amounts are low, the guy could still end up being protected by his bitcoin investment so long as he had been able to exercise some discipline in building, holding, securing and managing his coins.  It may well be true that generally poor people do not have those kinds of good habits or abilities to learn those kinds of skills, yet there will be some poor people who would be able to both learn the skills and to exercise that level of discipline in regard to building, managing and securing their bitcoin.

If a man is poor and he has a discretionary income then he will be able to invest in Bitcoin but if a man is poor and without a Discretionary income it is impossible for him to invest in Bitcoin and succeed.
A man that is poor but has a $5 or $10 discretionary income as the case may be can succeed in Bitcoin investment, one of the reasons why a poor man cannot be discipline or patient when investing in Bitcoin is when he's using money that is not his discretionary income, but when a poor man is using his discretionary income to invest in Bitcoin there is a possibility that he can be disciplined and patient in that investment the only thing is that it will take him longer time because his using a small amount to accumulate Bitcoin.
If you are using a small amount of money to accumulate Bitcoin you just have to understand that you will accumulate and hold for more longer time.
And is better as a poor man that you engage in an investment that can change your future.

[Cipherpz]

And the crazy part? DCA works even when you don’t time the bottom… Like, you could literally buy while Bitcoin is dropping, and as long as you stay consistent over time, you still be profitable off it…  That’s what people don’t get. You’re playing the long game, and the long game always wins in Bitcoin investment...

Most of the OGs you see sitting on bags of Bitcoin did not trade their way there, they just kept buying regularly, ignored the noise, and waited. Simple as that….

The crazy part if we are buying bitcoin for 4-10 years and even longer, we could end up buying at the top and at the ATH several times and still end up in profits over the long term with each of the purchases and/or with the overall average purchases, and we have no way to know if we are buying at the top, so we should not be thinking about those kinds of matters if we keep on accumulating bitcoin on a regular basis, as you mentioned.

[edited out]

Well, while investing in Bitcoin, it's essential to have a view of your finances. That is to say that is not just about the available funds you have for investment, but your overall income and expenses, as well as any  future inflows of discretionary income. Doing this, can help you create a very thoughtful investment plan that will aligns with your financial goals and your risk management.

When putting extra money, which you are absolutely right that, there other options for one to consider. While some people may choose to buy Bitcoin immediately, while others might put aside a part or portion for buying dips or adding to their regular DCA. Which is to help to make informed decisions based on individuals capacity and their financial goals.

Also, it's true that holding back money to buy dips can put those who have limited discretionary fund or those who are early in their Bitcoin accumulation might find it confusing in making a well informed decisions or plan in their investing. But, in this state, it might be more proper or productive to focus on regular investing and allow the power of compounding work in their favour.

So, the best thing to do, is to have plan or strategy that will work or favour you and your financial situation. For it will help you to be able to achieve your success with Bitcoin.

Part of the problem of poor people waiting or employing waiting strategies rather than ongoingly buying is because it takes a real long time to build any kind of investment stake, and even a person who is able to invest 10% of his income is going to take 10 years to have 1 years worth of income invested into bitcoin.. there are a lot of poor people who may well not even be able to put 5% of their income per year into bitcoin, so it could well take them 20 years or longer to invest up to 1 year's of their income into bitcion.

So part of the point is that they have to get a stake in up before fucking around with waiting strategies or buying on dip or anything other than just employing persistent and regular buying.  So yeah, poor people frequently end up screwing themselves by failing/refusing to stay focused on ongoingly buying of bitcoin, which is likely what they need to start to feel progress that might take them 10 years or more before they will start to feel that they are making some meaningful levels of progress, and I doubt that they are going to help their position by fucking around waiting for dips that may or may not end up happening. 

And yeah, in the end, each of us can do whatever we like, even dumb shit... and waiting, trading, getting involved in shitcoins are all dumb strategies, especially for poor people who should be figuring out how to ongoingly, persistently, consistently, regularly and perhaps even aggressively (within their means) be accumulating bitcoin through buying.

The slow pace of accumulation can actually lead to frustration like waiting for dips which might bring desired results.

Instead, they should focused on regular buying, especially those with limited discretionary fund. That is being consistent helps them to stake over time and it brings progress in their Bitcoin journey and will be able to navigate market fluctuations.

In essence, individuals can make progress towards their financial goals, even with the limited discretionary fund through consistent in accumulation, for this can help them develop a discipline investment habit, for them to be able to accomplish or achieve for long-term success regardless of market conditions and also it's essential to apply patience, persistence and discipline while exhibiting good strategy.

Even a poor person who is ONLY able to invest right around $10 per week will have had invested $520 in a year, and perhaps after 10-15-20 years, such poor person might start to feel quite well off, even if they are not rich, they are likely way better off than they would have had been if they had not invested into bitcoin.. Such person may well invest $5,200 after 10 years and even $10,400 after 20 years, and yeah, it could well be the case, that such poor person is frequently tempted to tap into his bitcoin investment too... especially since it may well start to seem that every bit of his additional investment into bitcoin is not making much difference in regards to the total value of the investment and how the investment might be fluctuating in value from time to time.   

Depending on how long he waits to keep building his investment into bitcoin, based on his income level, he may well start to be able to live off of his bitcoin after 15 years or so.  Perhaps? perhaps?. in other words,  the bitcoin might be able to generate way higher levels of income than he had been putting in, so after 10 years he might start to be able to draw $200 per week from his bitcoin, which is 20x the amount on a weekly basis that he had been putting in on a weekly basis.  So even though the amounts are low, the guy could still end up being protected by his bitcoin investment so long as he had been able to exercise some discipline in building, holding, securing and managing his coins.  It may well be true that generally poor people do not have those kinds of good habits or abilities to learn those kinds of skills, yet there will be some poor people who would be able to both learn the skills and to exercise that level of discipline in regard to building, managing and securing their bitcoin.

Even with a low income, it is possible to build long-term financial security by investing in Bitcoin regularly, consistently, and in small amounts. If someone can continue this habit for 10, 15, or 20 years by investing just $10 a week, that is not only saving, but also creating a personal wealth for the future. If after 10-20 years a poor person is able to withdraw up to $200 a week from their Bitcoin income — that can be called another form of financial freedom. Many poor people may not realize it today, but it is possible to achieve that future economic capability if they start investing even a little bit today and are patient.
Bitcoin is seen as a path to long-term financial freedom; it is a great example of investing. Some people will push themselves beyond their limits with the right mindset, practice discipline, learn to save Bitcoin, and analyze the financial markets to ultimately build a strong future for themselves. It is not the amount of investment, but consistency and a long-term perspective that are the keys to success.

[Pi-network314159]

And the crazy part? DCA works even when you don’t time the bottom… Like, you could literally buy while Bitcoin is dropping, and as long as you stay consistent over time, you still be profitable off it…  That’s what people don’t get. You’re playing the long game, and the long game always wins in Bitcoin investment...

Most of the OGs you see sitting on bags of Bitcoin did not trade their way there, they just kept buying regularly, ignored the noise, and waited. Simple as that….

The crazy part if we are buying bitcoin for 4-10 years and even longer, we could end up buying at the top and at the ATH several times and still end up in profits over the long term with each of the purchases and/or with the overall average purchases, and we have no way to know if we are buying at the top, so we should not be thinking about those kinds of matters if we keep on accumulating bitcoin on a regular basis, as you mentioned.

You are right sir, buying Bitcoin 4-10year or 3 circles, we may end up buying Bitcoin at the top (ATH) but as far as Bitcoin is concerned we can't assume any price to be the top now since Bitcoin growth is continuesly going higher and higher. There was a time we thought $1 was The top price ATH, there was a time $10 was the top ATH. Another one $100, $1k , $10k and $124k. Looking at the starting price of Bitcoin till date shows a great significant move that has taken place and we will see more ATH. Even if we continue to buy continuously till Bitcoin hit $250k ATH, there is still nothing to lose because Bitcoin price will not end at $250k but will surely hit $1m some day regardless of the time. We should just prioritize buying Bitcoin without thinking if we bought high or low because history has proven that wether buying high or low it will still be profitable in the long run.

[MusaPk]

The crazy part if we are buying bitcoin for 4-10 years and even longer, we could end up buying at the top and at the ATH several times and still end up in profits over the long term with each of the purchases and/or with the overall average purchases, and we have no way to know if we are buying at the top, so we should not be thinking about those kinds of matters if we keep on accumulating bitcoin on a regular basis, as you mentioned.

If you are buying for last 10 years then you are not only buying at ATH but also at low price. ATH changes with time, like in 2017 ATH was 20k which today looks like an ordinary price. Today price is at it's peak of 115k and may be after few years from today 115k also looks to us an ordinary price. One advantage of keep buying for 10 years is that we don't need to worry about the bottom. Ten years averages the top, middle and bottom prices to give a good figure.

[Derekfunds]

It is true that sometimes challenges can surpass what is in our emergency and that is why we should make our emergency funds to be strong and big just as our portfolio. I believe a wise investor will device a means when something of this nature happens and they will handle it in such a way that it won't really show or affect there portfolio. But the truth is sometimes this kind  of scenario doesn't happen just like that I mean it is always rare and before situation like this would happen a good investor ought to have set up things because as you are investing as an investor you are also calculating how to handle or approach a situation if something went wrong.

I don't agree with you. If we focus more on how to make the emergency fund to be more than the investment it means you underate the outcome of an investment. One thing you need to know is that you can't solve all your problems even if you have all the money in this life. Emergency fund is very vital for every investors and you can't really tell when you will be in a problem that requires quick solution.  Take your investment very serious and also have some money for emergency,  atleast it can help one to have some relief when money is need to settle some challenge.

Making your emergency funds to be strong doesn't mean one is underrating his investment outcome because emergency funds is a necessity when it comes to anything investment it is what sustain an investment aside the management skills and how discipline someone is so don't get me wrong. Take for example, when pressure of a fluid in a pipe is too much or is excess to the point that the pipe can not withstand the pressure, there is always a relief valve which help the pipe to maintain it state by allowing the passage of fluid, that is what emergency funds does in our investment, whenever there is an emergency the emergency funds is always there to kill or handle the situation and so a case where your emergency funds is not strong enough to handle this situation, you will have no other choice than to dip hand in your investment.

[yixichloro2xx]

And the crazy part? DCA works even when you don’t time the bottom… Like, you could literally buy while Bitcoin is dropping, and as long as you stay consistent over time, you still be profitable off it…  That’s what people don’t get. You’re playing the long game, and the long game always wins in Bitcoin investment...

Most of the OGs you see sitting on bags of Bitcoin did not trade their way there, they just kept buying regularly, ignored the noise, and waited. Simple as that….

The crazy part if we are buying bitcoin for 4-10 years and even longer, we could end up buying at the top and at the ATH several times and still end up in profits over the long term with each of the purchases and/or with the overall average purchases, and we have no way to know if we are buying at the top, so we should not be thinking about those kinds of matters if we keep on accumulating bitcoin on a regular basis, as you mentioned.

[edited out]

Well, while investing in Bitcoin, it's essential to have a view of your finances. That is to say that is not just about the available funds you have for investment, but your overall income and expenses, as well as any  future inflows of discretionary income. Doing this, can help you create a very thoughtful investment plan that will aligns with your financial goals and your risk management.

When putting extra money, which you are absolutely right that, there other options for one to consider. While some people may choose to buy Bitcoin immediately, while others might put aside a part or portion for buying dips or adding to their regular DCA. Which is to help to make informed decisions based on individuals capacity and their financial goals.

Also, it's true that holding back money to buy dips can put those who have limited discretionary fund or those who are early in their Bitcoin accumulation might find it confusing in making a well informed decisions or plan in their investing. But, in this state, it might be more proper or productive to focus on regular investing and allow the power of compounding work in their favour.

So, the best thing to do, is to have plan or strategy that will work or favour you and your financial situation. For it will help you to be able to achieve your success with Bitcoin.

Part of the problem of poor people waiting or employing waiting strategies rather than ongoingly buying is because it takes a real long time to build any kind of investment stake, and even a person who is able to invest 10% of his income is going to take 10 years to have 1 years worth of income invested into bitcoin.. there are a lot of poor people who may well not even be able to put 5% of their income per year into bitcoin, so it could well take them 20 years or longer to invest up to 1 year's of their income into bitcion.

So part of the point is that they have to get a stake in up before fucking around with waiting strategies or buying on dip or anything other than just employing persistent and regular buying.  So yeah, poor people frequently end up screwing themselves by failing/refusing to stay focused on ongoingly buying of bitcoin, which is likely what they need to start to feel progress that might take them 10 years or more before they will start to feel that they are making some meaningful levels of progress, and I doubt that they are going to help their position by fucking around waiting for dips that may or may not end up happening. 

And yeah, in the end, each of us can do whatever we like, even dumb shit... and waiting, trading, getting involved in shitcoins are all dumb strategies, especially for poor people who should be figuring out how to ongoingly, persistently, consistently, regularly and perhaps even aggressively (within their means) be accumulating bitcoin through buying.

The slow pace of accumulation can actually lead to frustration like waiting for dips which might bring desired results.

Instead, they should focused on regular buying, especially those with limited discretionary fund. That is being consistent helps them to stake over time and it brings progress in their Bitcoin journey and will be able to navigate market fluctuations.

In essence, individuals can make progress towards their financial goals, even with the limited discretionary fund through consistent in accumulation, for this can help them develop a discipline investment habit, for them to be able to accomplish or achieve for long-term success regardless of market conditions and also it's essential to apply patience, persistence and discipline while exhibiting good strategy.

Even a poor person who is ONLY able to invest right around $10 per week will have had invested $520 in a year, and perhaps after 10-15-20 years, such poor person might start to feel quite well off, even if they are not rich, they are likely way better off than they would have had been if they had not invested into bitcoin.. Such person may well invest $5,200 after 10 years and even $10,400 after 20 years, and yeah, it could well be the case, that such poor person is frequently tempted to tap into his bitcoin investment too... especially since it may well start to seem that every bit of his additional investment into bitcoin is not making much difference in regards to the total value of the investment and how the investment might be fluctuating in value from time to time.   

Depending on how long he waits to keep building his investment into bitcoin, based on his income level, he may well start to be able to live off of his bitcoin after 15 years or so.  Perhaps? perhaps?. in other words,  the bitcoin might be able to generate way higher levels of income than he had been putting in, so after 10 years he might start to be able to draw $200 per week from his bitcoin, which is 20x the amount on a weekly basis that he had been putting in on a weekly basis.  So even though the amounts are low, the guy could still end up being protected by his bitcoin investment so long as he had been able to exercise some discipline in building, holding, securing and managing his coins.  It may well be true that generally poor people do not have those kinds of good habits or abilities to learn those kinds of skills, yet there will be some poor people who would be able to both learn the skills and to exercise that level of discipline in regard to building, managing and securing their bitcoin.

I am really picking some  important point in what you have said, especially about the long term impact of small, consistent investments. It is easy for people to overlook just how powerful that slow build up can become over time, particularly when paired with the asymmetric upside Bitcoin offers......What really stood out to me as well is the mention of the psychological battle of  feeling like small contributions don not move the needle, especially when volatility kicks in. That is where mindset becomes key....... also If someone is able to shift focus from short term price action to long term accumulation, even modest weekly inputs can lead to serious financial transformation over a decade or more.

And yes, while discipline and financial habits might be harder to come by in lower income environments, Bitcoin can serve as a kind of financial education in itself. It forces people to think differently about money, time, and security and even if just a few manage to internalize those lessons, the impact on their future could be massive....

[Mr Reporter]

It is true that sometimes challenges can surpass what is in our emergency and that is why we should make our emergency funds to be strong and big just as our portfolio. I believe a wise investor will device a means when something of this nature happens and they will handle it in such a way that it won't really show or affect there portfolio. But the truth is sometimes this kind  of scenario doesn't happen just like that I mean it is always rare and before situation like this would happen a good investor ought to have set up things because as you are investing as an investor you are also calculating how to handle or approach a situation if something went wrong.

I don't agree with you. If we focus more on how to make the emergency fund to be more than the investment it means you underate the outcome of an investment. One thing you need to know is that you can't solve all your problems even if you have all the money in this life. Emergency fund is very vital for every investors and you can't really tell when you will be in a problem that requires quick solution.  Take your investment very serious and also have some money for emergency,  atleast it can help one to have some relief when money is need to settle some challenge.

Making your emergency funds to be strong doesn't mean one is underrating his investment outcome because emergency funds is a necessity when it comes to anything investment it is what sustain an investment aside the management skills and how discipline someone is so don't get me wrong. Take for example, when pressure of a fluid in a pipe is too much or is excess to the point that the pipe can not withstand the pressure, there is always a relief valve which help the pipe to maintain it state by allowing the passage of fluid, that is what emergency funds does in our investment, whenever there is an emergency the emergency funds is always there to kill or handle the situation and so a case where your emergency funds is not strong enough to handle this situation, you will have no other choice than to dip hand in your investment.

Absolutely, a strong emergency fund is crucial for investment sustainability, its not about underrating investment potential, but rather about being prepared for life uncertainties, well i think your relife value analogy is spot on emergency fund help absorb financial shocks, ensuring investment can ride out market fluctuations, great points about the importance of emergency funds in investing. Having a strong emergency funds can help investors avoid dipping into thier investment during unexpected situations, allowing them to ride out market fluctuations and avoid making impulsive decisions.

[Tonimez]

And the crazy part? DCA works even when you don’t time the bottom… Like, you could literally buy while Bitcoin is dropping, and as long as you stay consistent over time, you still be profitable off it…  That’s what people don’t get. You’re playing the long game, and the long game always wins in Bitcoin investment...

Most of the OGs you see sitting on bags of Bitcoin did not trade their way there, they just kept buying regularly, ignored the noise, and waited. Simple as that….

The crazy part if we are buying bitcoin for 4-10 years and even longer, we could end up buying at the top and at the ATH several times and still end up in profits over the long term with each of the purchases and/or with the overall average purchases, and we have no way to know if we are buying at the top, so we should not be thinking about those kinds of matters if we keep on accumulating bitcoin on a regular basis, as you mentioned.

You are right sir, buying Bitcoin 4-10year or 3 circles, we may end up buying Bitcoin at the top (ATH) but as far as Bitcoin is concerned we can't assume any price to be the top now since Bitcoin growth is continuesly going higher and higher. There was a time we thought $1 was The top price ATH, there was a time $10 was the top ATH. Another one $100, $1k , $10k and $124k. Looking at the starting price of Bitcoin till date shows a great significant move that has taken place and we will see more ATH. Even if we continue to buy continuously till Bitcoin hit $250k ATH, there is still nothing to lose because Bitcoin price will not end at $250k but will surely hit $1m some day regardless of the time. We should just prioritize buying Bitcoin without thinking if we bought high or low because history has proven that wether buying high or low it will still be profitable in the long run.

It's not like bitcoin price has a limit bar where it terminates it's upwards movement and this is the beauty of bitcoin investment. If anyone buys bitcoin for 10 years without selling, he must have crossed series of ATH during which he must have also acquired a percentage of his cumulative bitcoin stash which does not amount to loss at the end. This is also the secret that many people don't tend to understand very well, they believe that bitcoin might have a continuous negative downfall in price after reaching their imaginary peak. Most times it's a fear factor and panic mindset which only lures them to loose their chances more and more. If we analyse the percentage increase between the $109k ATH and $124k, it's nearly 15 percent which happened in less than a year. Assuming you didn't acquire during the market correction up to the $74k, you would still stand a chance to make profits. Understanding that there's no much loss in long-term holding of bitcoin is a good step to getting over the panic mentally.

It is true that sometimes challenges can surpass what is in our emergency and that is why we should make our emergency funds to be strong and big just as our portfolio. I believe a wise investor will device a means when something of this nature happens and they will handle it in such a way that it won't really show or affect there portfolio. But the truth is sometimes this kind  of scenario doesn't happen just like that I mean it is always rare and before situation like this would happen a good investor ought to have set up things because as you are investing as an investor you are also calculating how to handle or approach a situation if something went wrong.

I don't agree with you. If we focus more on how to make the emergency fund to be more than the investment it means you underate the outcome of an investment. One thing you need to know is that you can't solve all your problems even if you have all the money in this life. Emergency fund is very vital for every investors and you can't really tell when you will be in a problem that requires quick solution.  Take your investment very serious and also have some money for emergency,  atleast it can help one to have some relief when money is need to settle some challenge.

Making your emergency funds to be strong doesn't mean one is underrating his investment outcome because emergency funds is a necessity when it comes to anything investment it is what sustain an investment aside the management skills and how discipline someone is so don't get me wrong. Take for example, when pressure of a fluid in a pipe is too much or is excess to the point that the pipe can not withstand the pressure, there is always a relief valve which help the pipe to maintain it state by allowing the passage of fluid, that is what emergency funds does in our investment, whenever there is an emergency the emergency funds is always there to kill or handle the situation and so a case where your emergency funds is not strong enough to handle this situation, you will have no other choice than to dip hand in your investment.

The first stage of planning a sustainable bitcoin investment is by planning a good emergency funds and back up funds first. This is the cushion to whatever plan you have about your bitcoin. When you do not have a strong backup plan, any slight unforeseen circumstances would sweep away your bitcoin stash. This is very simple because no one wants to watch bad things happen without trying to salvage the situation but selling off bitcoin or any other forms of investment to offset the bills. As an investor, considering your emergency funds accumulation ratio is very important and necessary at all time. Your consistency is not only in your DCA approach, but also your emergency funds accumulation simultaneously.

[Achalugo BTC]

[edited out]

Well, while investing in Bitcoin, it's essential to have a view of your finances. That is to say that is not just about the available funds you have for investment, but your overall income and expenses, as well as any  future inflows of discretionary income. Doing this, can help you create a very thoughtful investment plan that will aligns with your financial goals and your risk management.

When putting extra money, which you are absolutely right that, there other options for one to consider. While some people may choose to buy Bitcoin immediately, while others might put aside a part or portion for buying dips or adding to their regular DCA. Which is to help to make informed decisions based on individuals capacity and their financial goals.

Also, it's true that holding back money to buy dips can put those who have limited discretionary fund or those who are early in their Bitcoin accumulation might find it confusing in making a well informed decisions or plan in their investing. But, in this state, it might be more proper or productive to focus on regular investing and allow the power of compounding work in their favour.

So, the best thing to do, is to have plan or strategy that will work or favour you and your financial situation. For it will help you to be able to achieve your success with Bitcoin.

Part of the problem of poor people waiting or employing waiting strategies rather than ongoingly buying is because it takes a real long time to build any kind of investment stake, and even a person who is able to invest 10% of his income is going to take 10 years to have 1 years worth of income invested into bitcoin.. there are a lot of poor people who may well not even be able to put 5% of their income per year into bitcoin, so it could well take them 20 years or longer to invest up to 1 year's of their income into bitcion.

So part of the point is that they have to get a stake in up before fucking around with waiting strategies or buying on dip or anything other than just employing persistent and regular buying.  So yeah, poor people frequently end up screwing themselves by failing/refusing to stay focused on ongoingly buying of bitcoin, which is likely what they need to start to feel progress that might take them 10 years or more before they will start to feel that they are making some meaningful levels of progress, and I doubt that they are going to help their position by fucking around waiting for dips that may or may not end up happening.  

And yeah, in the end, each of us can do whatever we like, even dumb shit... and waiting, trading, getting involved in shitcoins are all dumb strategies, especially for poor people who should be figuring out how to ongoingly, persistently, consistently, regularly and perhaps even aggressively (within their means) be accumulating bitcoin through buying.

The slow pace of accumulation can actually lead to frustration like waiting for dips which might bring desired results.

Instead, they should focused on regular buying, especially those with limited discretionary fund. That is being consistent helps them to stake over time and it brings progress in their Bitcoin journey and will be able to navigate market fluctuations.

In essence, individuals can make progress towards their financial goals, even with the limited discretionary fund through consistent in accumulation, for this can help them develop a discipline investment habit, for them to be able to accomplish or achieve for long-term success regardless of market conditions and also it's essential to apply patience, persistence and discipline while exhibiting good strategy.

Even a poor person who is ONLY able to invest right around $10 per week will have had invested $520 in a year, and perhaps after 10-15-20 years, such poor person might start to feel quite well off, even if they are not rich, they are likely way better off than they would have had been if they had not invested into bitcoin.. Such person may well invest $5,200 after 10 years and even $10,400 after 20 years, and yeah, it could well be the case, that such poor person is frequently tempted to tap into his bitcoin investment too... especially since it may well start to seem that every bit of his additional investment into bitcoin is not making much difference in regards to the total value of the investment and how the investment might be fluctuating in value from time to time.    

Depending on how long he waits to keep building his investment into bitcoin, based on his income level, he may well start to be able to live off of his bitcoin after 15 years or so.  Perhaps? perhaps?. in other words,  the bitcoin might be able to generate way higher levels of income than he had been putting in, so after 10 years he might start to be able to draw $200 per week from his bitcoin, which is 20x the amount on a weekly basis that he had been putting in on a weekly basis.  So even though the amounts are low, the guy could still end up being protected by his bitcoin investment so long as he had been able to exercise some discipline in building, holding, securing and managing his coins.  It may well be true that generally poor people do not have those kinds of good habits or abilities to learn those kinds of skills, yet there will be some poor people who would be able to both learn the skills and to exercise that level of discipline in regard to building, managing and securing their bitcoin.

It's very interesting to consider the potential power of long-term investing, even with amounts. The example you gave pointed out that if one consistently invest, there is every possibility that investment in Bitcoin will significant grow massively.

You also said about the importance of being discipline and having the ability in managing and securing investment. Even though it will be challenging for most people, especially those from poor background, they will find it hard to have or emulate these skills you highlighted above, but with determination, discipline, patience and also, if they are willing to learn, it will be possible for them to achieve these skills with time.

It's important to know or have the understanding of Bitcoin or  other investment, the financial benefits or security and stability it provides, if only they know what they are doing.

[Miramax12]

And the crazy part? DCA works even when you don’t time the bottom… Like, you could literally buy while Bitcoin is dropping, and as long as you stay consistent over time, you still be profitable off it…  That’s what people don’t get. You’re playing the long game, and the long game always wins in Bitcoin investment...

Most of the OGs you see sitting on bags of Bitcoin did not trade their way there, they just kept buying regularly, ignored the noise, and waited. Simple as that….

The crazy part if we are buying bitcoin for 4-10 years and even longer, we could end up buying at the top and at the ATH several times and still end up in profits over the long term with each of the purchases and/or with the overall average purchases, and we have no way to know if we are buying at the top, so we should not be thinking about those kinds of matters if we keep on accumulating bitcoin on a regular basis, as you mentioned.

[edited out]

Well, while investing in Bitcoin, it's essential to have a view of your finances. That is to say that is not just about the available funds you have for investment, but your overall income and expenses, as well as any  future inflows of discretionary income. Doing this, can help you create a very thoughtful investment plan that will aligns with your financial goals and your risk management.

When putting extra money, which you are absolutely right that, there other options for one to consider. While some people may choose to buy Bitcoin immediately, while others might put aside a part or portion for buying dips or adding to their regular DCA. Which is to help to make informed decisions based on individuals capacity and their financial goals.

Also, it's true that holding back money to buy dips can put those who have limited discretionary fund or those who are early in their Bitcoin accumulation might find it confusing in making a well informed decisions or plan in their investing. But, in this state, it might be more proper or productive to focus on regular investing and allow the power of compounding work in their favour.

So, the best thing to do, is to have plan or strategy that will work or favour you and your financial situation. For it will help you to be able to achieve your success with Bitcoin.

Part of the problem of poor people waiting or employing waiting strategies rather than ongoingly buying is because it takes a real long time to build any kind of investment stake, and even a person who is able to invest 10% of his income is going to take 10 years to have 1 years worth of income invested into bitcoin.. there are a lot of poor people who may well not even be able to put 5% of their income per year into bitcoin, so it could well take them 20 years or longer to invest up to 1 year's of their income into bitcion.

So part of the point is that they have to get a stake in up before fucking around with waiting strategies or buying on dip or anything other than just employing persistent and regular buying.  So yeah, poor people frequently end up screwing themselves by failing/refusing to stay focused on ongoingly buying of bitcoin, which is likely what they need to start to feel progress that might take them 10 years or more before they will start to feel that they are making some meaningful levels of progress, and I doubt that they are going to help their position by fucking around waiting for dips that may or may not end up happening. 

And yeah, in the end, each of us can do whatever we like, even dumb shit... and waiting, trading, getting involved in shitcoins are all dumb strategies, especially for poor people who should be figuring out how to ongoingly, persistently, consistently, regularly and perhaps even aggressively (within their means) be accumulating bitcoin through buying.

The slow pace of accumulation can actually lead to frustration like waiting for dips which might bring desired results.

Instead, they should focused on regular buying, especially those with limited discretionary fund. That is being consistent helps them to stake over time and it brings progress in their Bitcoin journey and will be able to navigate market fluctuations.

In essence, individuals can make progress towards their financial goals, even with the limited discretionary fund through consistent in accumulation, for this can help them develop a discipline investment habit, for them to be able to accomplish or achieve for long-term success regardless of market conditions and also it's essential to apply patience, persistence and discipline while exhibiting good strategy.

Even a poor person who is ONLY able to invest right around $10 per week will have had invested $520 in a year, and perhaps after 10-15-20 years, such poor person might start to feel quite well off, even if they are not rich, they are likely way better off than they would have had been if they had not invested into bitcoin.. Such person may well invest $5,200 after 10 years and even $10,400 after 20 years, and yeah, it could well be the case, that such poor person is frequently tempted to tap into his bitcoin investment too... especially since it may well start to seem that every bit of his additional investment into bitcoin is not making much difference in regards to the total value of the investment and how the investment might be fluctuating in value from time to time.   

Depending on how long he waits to keep building his investment into bitcoin, based on his income level, he may well start to be able to live off of his bitcoin after 15 years or so.  Perhaps? perhaps?. in other words,  the bitcoin might be able to generate way higher levels of income than he had been putting in, so after 10 years he might start to be able to draw $200 per week from his bitcoin, which is 20x the amount on a weekly basis that he had been putting in on a weekly basis.  So even though the amounts are low, the guy could still end up being protected by his bitcoin investment so long as he had been able to exercise some discipline in building, holding, securing and managing his coins.  It may well be true that generally poor people do not have those kinds of good habits or abilities to learn those kinds of skills, yet there will be some poor people who would be able to both learn the skills and to exercise that level of discipline in regard to building, managing and securing their bitcoin.

Some people always over complicate the  process which way too much, DCA is not only about catching bottoms it is about seriousness and conviction. Most of the wins in the Bitcoin came from time in the market , not only timing the market regularly, but stay vigilante and patient , let the math do his thing.The real opportunity is holding when everyone else is panicking.

[CageMabok]

...~...

If you are buying for last 10 years then you are not only buying at ATH but also at low price. ATH changes with time, like in 2017 ATH was 20k which today looks like an ordinary price. Today price is at it's peak of 115k and may be after few years from today 115k also looks to us an ordinary price. One advantage of keep buying for 10 years is that we don't need to worry about the bottom. Ten years averages the top, middle and bottom prices to give a good figure.

Over the past 10 years, anyone familiar with Bitcoin and closely monitoring it when buying has seen several ATH reversals, which generally occur every four years, such as in 2017, 2021, and this year, with a peak of over $122,000, not $115,000 as you claim. And for those who have been consistently buying Bitcoin since 2015 until this year, they have undoubtedly felt the immense success of their actions, driven by incredible confidence over the past ten years. So, these people have seen and experienced such a significant price difference that they no longer expect Bitcoin to return to its former lows, despite the constant volatility. However, as we've seen, the price continues to rise, and now the price of Bitcoin has surpassed $117,000 again in the market.

[Obulis]

I agree with all of this, while at the same time, seats will come available as the price goes up, but yeah at the same time, if the price did not go up enough, then some of those seats will still not come available and people surely can choose whether or not to give up some seats, even if they know that they are limited.. and yeah, if they are holding 100 chairs but they only need 1 or 2 or 10, they may well be willing to give up 5 of their chairs at $115k, and then perhaps another 3 chairs at $173k and another chair or two at $276k.. .. so they might not even realized that they were holding so many chairs until at some later point down the road.. and surely there are some guys with 1,000s of chairs...

Dear JJG, as you said, after an investor reaches his investment limit, he can sell some parts of the chair at different prices. For example, you said to give up some at $115,000 and then give up some when it goes above $170,000.
Now my point is, if they don't need the money at that moment, why would they break the chair's foundation?
If he breaks it without need, he might invest that money in some other sector or he might use the money unnecessarily [which only makes his strong base unstable]. Now, let's say he breaks his Bitcoin stock and converts it into leaves (which can turn into ashes) or invests it in some other sector, will it be more profitable than Bitcoin? Can it protect a person's money from inflation better than Bitcoin?

It seems that I was attempting to largely extend our discussion of a chair analogy in order to suggest that guys who came earlier may have a lot of options and they may be holding a lot of chairs, so unless they sell all of their bitcoin, they may never end up in a position without enough chairs.

I am not necessarily presuming that a guy ends up using any of his sold bitcoin in any kind of meaningful way, maybe he consumes withe the bitcoin that he spends or he throws it away.  Sure at some point a guy might end up diversifying out of bitcoin, since he might start out with just investing into bitcoin and balancing his bitcoin investment with cash, so then at some point he might have 6 months of his expenses in cash or some cash equivalents, and then he might have 1, 2, 3 or even more years of his expenses in bitcoin, and even a guy who invested a couple of years of his expenses into bitcoin over 2-3 cycles, he still might end up with 15 to 20 years or more of his expenses in bitcoin, and personally, I believe that if he is measuring the value of his bitcoin from the 200-WMA, then he may well start to live off of his bitcoin once he has 10 years or more of his expenses in bitcoin, and sure the more cushion (extra) that he has, then the more he does not have to worry if from time to time, he might spend beyond his regular budget since in those kinds of scenarios, he would have extra bitcoin.

I frequently use the example of a guy who might have had started out with an income of $30k or even $50k, and maybe if he had been accumulating bitcoin for a couple of cycles at 15% to 25% of his income, he may well might have had gotten to a place in which his bitcoin would be able to support his total income and even a higher percentage of income, so then such a guy has a lot of options.

Let's say that we have a guy with a $40k income, and he had been investing 20% of his income into bitcoin for a bit longer than the past 2 cycles, so he started investing into bitcoin in June 2016, and he was investing $155 per week (which is $8k per year).  So over the past 9-ish years, he would have had invested right around $74k,  yet he would have had accumulated 15.6 BTC.  So he would have enough bitcoin to support himself at about a $79k per year income, which surely is nearly double his current income, so largely he would be set for life, especially if he was withdrawing less than $79k per year.. sSo largely the guy has to figure out an amount of withdrawal that is comfortable up to $79k per year..

And he does not necessarily need to invest into any thing else with any of his withdrawals.

No matter what people say, I still consider Bitcoin to be the safest asset. Because I know its specific amount [if there are only 100 apples in the world and someone or some group keeps two, three or five apples for themselves, it must be valuable] then why should I sell my apples and go buy oranges whose amount in the world no one knows.

If you are withdrawing sustainably from your bitcoin, then you don't need other assets, yet some people will still choose to have some other assets.

Yes, a person can sell his Bitcoin after having saved enough when he needs a house or a new car for urgent transportation.

If he figures out sustainable withdrawal then he is not depleting his BTC.  He always has enough and he never would withdraw to take himself out of overaccumualtion status... so if the guy decides that he could withdraw $79k per year, but he decides to live off of $50k per year, then the portion that he does not withdraw keeps rolling over, building up and/or compounding upon itself so later down the road (maybe a year or two later), he may well begin to be able to withdraw more than $100k per year without knocking himself out of overaccumulation status.  

Again, if he retires and later there is no profit from all the sectors he invested in other than Bitcoin and the emergency fund runs out, then he can sell some of his previously created Bitcoin collection to survive.

From my perspective, a guy might choose to start to live off his BTC, so he is selling every month or every quarter or twice a year, or maybe he is timing his sales a couple of times every cycle, so he sells for a whole cycle at a time.. but he should not be knocking himself out of overaccumualtion status.. so he only starts to sell when he has  more than enough bitcoin.

But without the need for money, I will never encourage a person to sell Bitcoin even if he has achieved his target amount of Bitcoin and there is a sufficient amount of profit.

You seem to not understand what getting to overaccumulation status means.

Of course, if you don't know how much you need, then you might never be able to reach overaccumulation status.

Also, if you don't know how to calculate from the 200-WMA, then you might also not know how much you need.

He/She should be careful with Bitcoin because Bitcoin is still protecting his assets from inflation in these unstable times in the world.

That is why bitcoin is the best place to keep value, yet overaccumulation status is still attainable.. especially the earlier you start to accumulate, and yeah, if you don't have any discretionary income or hardly any discretionary income, then it is going to be much more difficult to reach overaccumulation status.

I do recognize and understand that there are a decently large number of folks in the world who either have little to no discretionary income and/or they are not able to invest for the long term because they have inabilities to put away discretionary income. I am not going to claim that bitcoin directly ca solve their problems, even though they still may well benefit indirectly from bitcoin as a system that puts our whole money system in a more fair place.  Surely many of us who are participating in various bitcoin threads on this forum are considering that we are in bitcoin in order to attempt to directly benefit from bitcoin, and if we are able to stock away bitcoin regularly from our discretionary income, then it is still possible that we are going to be able to directly benefit from bitcoin and to make it to overaccumulation status... some folks might take longer than others to reach overaccumulation status.

My message to people would be-
Spend only what you need, not more.
You go to your destination quickly but don't have an accident.
You should go down if necessary, but not in a rush, as this may require an MRI.
Be cheerful, not over crazy.

This all makes sense in regards to each of us going at our own pace and not over doing it... and so each of us has to figure what that will be... and I frequently suggest that guys invest into bitcoin as much as we are able to invest on a persistent, consistent, regular and ongoing basis without over doing it... so that means aggressive but without over doing it and that means trying to reach overaccumulation status if you can.  If you cannot reach overaccumulation status then you do the best that you can.

These are as a result of Bitcoin Skepticism (Healthy Caution or Missed Insight)
 Volatility, past fraud, and environmental concerns are grounds for skepticism. Being skeptical often overlooks Bitcoin’s resilience, surviving crashes, evolving tech (Lightning), and institutional adoption as Exchange Traded Funds (ETFs).  While newcomers are safeguarded by caution, the escalating network and role of BITCOIN as DIGITAL GOLD (DG) are ignored by thoughtless dismissal. On that, Healthy doubt evolves and dogmatic blindness then takes over...
 BITCOIN future value and its ability to effectively stand conventional currencies or financial systems are questioned by critics, but every day surprises is the case (BTC scalabling higher)

[Achalugo BTC]

If a man is poor and he has a discretionary income then he will be able to invest in Bitcoin but if a man is poor and without a Discretionary income it is impossible for him to invest in Bitcoin and succeed.
A man that is poor but has a $5 or $10 discretionary income as the case may be can succeed in Bitcoin investment, one of the reasons why a poor man cannot be discipline or patient when investing in Bitcoin is when he's using money that is not his discretionary income, but when a poor man is using his discretionary income to invest in Bitcoin there is a possibility that he can be disciplined and patient in that investment the only thing is that it will take him longer time because his using a small amount to accumulate Bitcoin.
If you are using a small amount of money to accumulate Bitcoin you just have to understand that you will accumulate and hold for more longer time.
And is better as a poor man that you engage in an investment that can change your future.

Well said, and it's good that you also pointed out the benefits of investing in Bitcoin, especially those with limited discretionary funds, because the major reason why most poor people are hesitant of getting started off with Bitcoin accumulation is because they often see themselves as too poor to get started without realizing that all it takes is to have a discretionary income, and even some who knows and have identified their discretionary income still hold themselves back from getting started, simply because they feel that their discretionary income is very little and wouldn't do any much good for them if they used it to accumulate Bitcoin.
But, if they have these potential attributes such as consistent, discipline, determination and patience, they will be able to achieve their goals even with small amounts or limited discretionary fund, because as they are being consistent in accumulating Bitcoin, that is how it will be growing over time even before they know.
But if they are impatience, that is if they are in a hurry to sell prematurely, they will end up regretting their actions later on and then, it will draw them back.