Topic: Buy the DIP, and HODL! - page 120. (Read 142286 times)

You can learn from mistakes, and your practicing helps you to learn what kinds of situations might come up for you and how much of a cash cushion you need or even how much income you need in order to be able to continually buy bitcoin. 

I have mentioned several times that it could take a year or longer just to build up 3 months worth of an emergency fund, and surely you can build up your back up funds and even you bitcoin investment when you are able to seek out extra ways to either generate cash income or to cut some expenses... and it still take a long time to put various comfortable systems in place and also to see how your system plays out during some cashflow crisis that you might have and/or if there might be a lot of volatility in BTC's price, those kinds of circumstances can also test your resolve and test the various cashflow management and back up systems that you have established.

This is a rather very challenging phase of the investment journey for any investor and a sure test of your resilience and dedication to expanding your bitcoin portfolio only without yielding to the temptation of short sleeving it at intervals to attend to your pressing needs, In my experience at the beginning, I was building my emergency fund same time I was doing my weekly bitcoin accumulation, I had needs which was above my already gathered emergency funds and I had to prey on my investments like twice until I decided that I would have to build out my emergency fund for some time before returning to my accumulation process. I took 3 months break to build up emergency backup funds which after it, I could comfortably continue my accumulation journey using my discretionary funds, while continually increasing my Emergency fund to handle bigger emergencies and I have never had to prey on my holdings again. This temptation comes in handy to investors of every level and if you are not properly prepared with your emergency funds to handle unforeseen circumstances, you would immediately see yourself dipping hands into your bitcoin portfolio to solve your needs and make a mess of your DCA accumulation process.

In my pattern, I have a sperate extra job I took to service my DCA and an entirely separate account that the money enters, so I am sure that whichever money that is in that account is set aside for bitcoin investment only and my other sources of income is used to live my normal life, handle my expenses and building my emergency funding. I treat both as separate concerns and it has worked well for me.

Of course it's true sir, we must be able to be more active in various ways that can be done to achieve targets earlier and the speed must be supported by the power of money to be able to realize more tiered accumulation at each stage. A person's satisfaction also lies in their belief in realizing increased purchases on their investment journey. Apart from that, bitcoin investment has become a public discussion topic in every village so everyone who invests in bitcoin will definitely be able to adjust their budget with a good understanding conveyed by their colleagues who have previously invested in Bitcoin.

In terms of mentality, it is also an understanding that must be prepared, learning and approaching bitcoin along with the investment made will encourage a stronger mentality. As seen today, the enthusiasm of the holder is more enthusiastic with the current price increase, we are enthusiastic not meaning we count profits but we are excited to continue buying bitcoin.

I think those who are not yet familiar with bitcoin more closely will certainly learn from the rise of the current era where Bitcoin is getting better because there is no inflation and that will be their benchmark for choosing to invest in bitcoin.

First I won't to assure you that if you settle down and learn here and some other places they are talking about Bitcoin investment and you try to put everything in place, few years to come you will thank the people in this forum. Secondly, I want to believe you knew that Bitcoin is different from crypto, I don't really know much about crypto because I'm not interested and secondly i think It will distract me from my Bitcoin investment and I will suggest you go into Bitcoin investment of course that's the best way to go about it and again it's not just about knowing DCA method but it's about having and knowing these below;

* Knowing that Bitcoin investment, is best in accumulating and holding for a long period of time.
* Patient is very important, do not panic or sell when there's Dip or tends to...
* Know how to manage your investment very important, this will help you scale through some challenges
* Ensure to always keep your emergency and reserve funds
* Don't invest aggressively because you want to accumulate enough Bitcoin within a short period of time no, invest according to your capacity.
Good luck.

We have to be careful with various wallets that we might choose, since they could have backdoors to steal your money, especially if they are not widely known and if they might be closed sourced, then they might have hidden code in them that either could steal your money or to spy on you... which spying can be done in other ways too, besides just through wallets.

Of course, the more value that a person accumulates, the more security he should want to have, which might be in a hardware wallet or even multiple hardware wallets set up with multi-sig, which has its own potential complications.

Part of my earlier point was that a guy with small amounts of purchases, even $10 to $100 per week, might be better off getting used to his purchases and other aspects of his cashflow management prior to figuring out which wallet and/or wallets that he might use in order to take his coins into his private control and custody and hopefully without compromising his private key that he needs to figure out how to sufficiently/adequately safeguard... which he might not immediately be in a position to figure out a lot of the wallet considerations, yet if he is starting out by investing $10k or more into bitcoin, he might need to figure out in a more expeditious time how to remove his BTC from third parties, and surely there could be some folks who are buying ETFs and otherwise getting BTC price exposure, and they might not realize that they don't really own the BTC that they are buying, even though it still could be a way for them to get started to get BTC price exposure, yet at the same time, they may need to spend some time learning about the trade-offs of really holding your BTC versus merely buying BTC price exposure.. and so some folks might feel that they don't even have time to learn about bitcoin, and buying through something like a ETF is amongst their better options, so we cannot really stop people from making those seemingly inferior choices that still might be more convenient for their current situation... and I would likely suggest that it would be better to start a BTC investment journey even without holding your own keys rather than failing/refusing to get involved at all, since even some folks will be inspired to learn more about actual BTC once they start to get involved in BTC in one way or another and even through something like buying shares in a BTC spot ETF.

I suppose people learn at their own pace and sometimes they might make mistakes and sometimes they might just need some time to start to fit bitcoin into their lives, whether it is fitting into their finances and/or psychology, and/or whether they need to time to learn more about it.. which I have frequently advocated that we don't need to know a lot about bitcoin to get started, even if we might merely be getting BTC price exposure rather than buying actual BTC, and at the same time, it can take time for various persons to start to learn more about BTC so that they might be able to become more empowered by their learning about BTC.  And, surely there are some folks who might not know much of anything about bitcoin beyond considering it as a kind of number go up (NGU) technology, so that might be as much as some folks are ready, willing and/or able to learn about bitcoin, so there still is a need to leave people to their own devices and theories, which still might end up being a sufficiently strong bitcoin investment thesis, even though some of us might consider such an investment thesis to be incomplete and overly simplistic, but it still might end up working out for the person who invests into bitcoin based on such a perspective.

Great tips for this newbie, I would also advise you to look very carefully at how much free funds you can allocate for investing in Bitcoin using DCA, because it is very important to know your expenses in order to understand what the free balance will be.

Also tip number two: security.
Many newbies strive to pass KYC on all exchanges they can reach. I advise you not to rush with this and act thoughtfully. After all, how little to invest and hold, you also need to reliably store Bitcoins.

And these are great thoughts for a successful start! This topic is where you can highlight a lot of information for successful accumulation of Bitcoin through DCA and I am glad to see that you share our views. There is no need to waste time studying shitcoins, because beginners often chase profits and waste time studying information and waste time investing in coins that are then worthless and meaningless.
Bitcoin contains all the qualities that the attention of an experienced cryptocurrency was riveted only to it.
It's good to value your time.

There is so much truth and clarity in what you have said here. I noticed that beginners always tend to be curious about figuring out which wallet is best for them to secure. Before starting our investment we must know how to do things right especially keeping our coins safe. There are thorns of wallets out there. With just a few clicks on the internet -(' what are the most secured wallets to store my bitcoin') Google will provide lots of wallets and it is in our right to choose which we want after reading their features. Its now general that people prefer listening to strangers online and YouTube before choosing a wallet. When they can choose for themselves. To be honest, beginners should not be afraid to disagree with strangers on the internet, or even with so-called experts that have podcasts, social media pages, and resources on YouTube. Because at the end of the day, the investment/security decisions they will be able to understand and convince, trust, and uphold are the ones they made for themselves when the going gets rough or uneasy. But if they choose to listen to someone's opinion or advice then it gets to be for the right reason and they should know that they will take responsibility for their action, not the person which they took their advice or opinion from.

This will be one, if not the best decision you have made this year and you won't regret it. Learning about Bitcoin while you believe and start your investment is very important. While it is important is very critical to hold on to our Bitcoin during the dips when everyone is panicking due to market fluctuation. DCA is a valid strategy to start using as a beginner and am glad you adopted it. Many investors new and old learnt the hard way. Whether you experience a dip or increase, just relax because Bitcoin is likely to continue to go up over time. When you DCA and keep learning you will be fine with your investment.

I can see you're new in the forum  , well you have made a pretty nice choice in investing in Bitcoin rather than wasting your time in some shitcoins. That energy you have in researching about other shitcoins channel that energy in learning more about bitcoin and how to secure a better investment in it .

Well I can see that most users here have already told that this thread is for Bitcoin related and bitcoin investment stuff , so they are other threads at there where you can do crypto talk but not here though, but will advise you to reduce to shitcoins urge and focus more on Bitcoin so that you won't endup getting yourself rekt .

Yeah you are right.
Waiting for Bitcoin to dip is so boring, if you can do it now why wait, and there's no grantee that Bitcoin will dip anytime soon you may wait and wait in vain, some people may think is too high to buy Bitcoin at this price and feel they may not get any profit people who have this mentality are traders, long time Bitcoin investors won't have such mentality because the price of Bitcoin 4 years ago is not what it is now.
4 years from now Bitcoin was 18,803.00 and as of today Bitcoin is $65,771.13 USD, so the price of Bitcoin should not prevent you from investing now because the price it is now which is 65,771.13 USD is not the end price of Bitcoin 4 to 5 years to come Bitcoin will grow more than it is now, those that started accumulating Bitcoin consistently 4 years ago are now very happy they did just imagine they were waiting for it to go below 18,803.00 they would have missed out, as a long time Bitcoin investor there's no need waiting for a dip to happen before you start accumulating because is a waste of time and you may miss out.

I'm glad you have already gain understanding about bitcoin and cryptocurrency. For you to be specific in mentioning bitcoin and cryptocurrency I'm sure you already understand the two are different things and you have choose to invest in bitcoin which is very reliable to invest. You have made a good a decision to invest bitcoin, as a beginner will advise you to understand the volatility of the market and never to be worried when it goes dip, because the market won't remain dip forever.

 Beginners are always worried about the dip because they do not understand it. You have to be patient and crave to have more understanding because these are the things that can make you to scale through as you invest bitcoin. Try your best to have a source of income that you can always depend on and just invest with what you can afford. Invest at all time you have the opportunity and never wait for the best time of when to invest because if you think their is a best time to invest you may never invest at all.

You made the right decision by deciding to go into Bitcoin investment. Bitcoin is a potential asset to invest on, and this thread will make you know and understand more about Bitcoin and it investment, as an investor you must plan for a long term you should also understand that Bitcoin is a volatile asset as the price is not usually not stable as it fluctuate going up and down don't panic to sell if the price is dropping as it will still increase since your investment plan is for long term purpose, with your DCA strategy of accumulating Bitcoin you can accumulate more Bitcoin little by little either weekly or monthly and be hodling provide your discretionary income is available.

And in this thread in other not to mislead other newbies here you shouldn't use the word Crypto as it comprises the entire Crypto market both shitcoins which are unreliable to invest on if it is Bitcoin will want to refer to you will use Bitcoin if it is also shitcoins you will say shitcoins in other not to get others confused.

Of course, newbies can do whatever they want, yet I would not recommend holding back value to wait for dips that may or may not end up happening, unless maybe he might start out with a lump sum and/or front loading his/her BTC investment right from the beginning.  Otherwise it is probably better for newbies to concentrate on buying regularly (perhaps weekly) rather than giving too much thought about whether the BTC price might be dipping or not dipping.. and getting distracted into possibly employing unproductive waiting strategies.  But hey, each person can do whatever he likes and he is going to have to live with consequences in regards to whatever might happen in terms of his having had created good BTC accumulation strategies and including whether he might have been aggressive enough in his accumulation or not..


Welcome to the forum and welcome to bitcoin investing. 

If you want to waste your time and energies fucking around researching into shitcoins  (aka crypto) then that is your choice.  This here thread is about bitcoin, so hopefully you don't distract yourself too much with such nonsense such as crypto whatever that might be which seems to boil down to a bunch of shitcoins that likely end up wasting your time, energies and money, that is if you are not able to focus and you let yourself get distracted into such nonsense. 

Consider attempting to focus yourself and learn about and figure out bitcoin first, and so hopefully you have figured out some regular investment strategy that allows you to make sure that you are buying bitcoin regularly and making sure that you are taping into your discretionary income rather than money that you might need in the next 4-10 years or longer... so it can take a quite a bit of time to establish an investment and a BTC accumulation groove and also to get your cash management skills in place and to learn about various aspects of bitcoin while you are buying it regularly and building up your BTC stash. 

So it tends to not be healthy to be considering get rich quick ideas, and you likely need to figure out your budget, whether you are able to buy $100 per week or $10 per week or whatever might be your regular buying amount, it can take a while to build up a BTC stash without overdoing it and making sure that you invest enough without dipping into money that you need for your various expenses that likely exist on at least a monthly basis. 

Many guys take a while to build their BTC stash if they are merely DCA buying it every week, yet sometimes there can be opportunities to lump sum invest and/or to front load your BTC investment depending on your resources and maybe if you ever come across extra cash (discretionary income) that you can add to your BTC investment, then you can consider categorizing any of that extra cash in terms of DCA, lump sum (buying right away) and buying on dips...

And surely at the same time that you are investing into bitcoin and building  your bitcoin stash, you may well need to keep in mind various justifications for building up and maintaining various back up funds that includes an emergency fund of at least 3 months of your expenses.. so that you never would have to tap into your bitcoin investment, except at a time that is completely of your own choosing. which if you have an intention to invest into bitcoin rather than trading it, then you may well be wanting to consider how to build your bitcoin investment over 4-10 years or longer and learning what you are able to learn along the way in order to figure out if you need to tweak and/or personalize your investment strategies within your own personal circumstances (such as the 9 individual factors that I listed in another post).  A lot of the learning tends to come from getting involved and doing your research, yet at the same time you can bounce ideas off of various members in this thread or other forum threads you find to be interesting, and sure it is up to you if you can figure out ways to stay focused on bitcoin rather than getting distracted into pump and dump schemes.


There is no guarantee of profits, yet at the same time, if the bitcoin investor does not use leverage and merely buys bitcoin on a regular basis, then the most that any investor into bitcoin can lose is 100%. So each person investing into bitcoin should be using money that he does not need for his expenses and realize that his bitcoin investment is not guaranteed to go up... yet if he is investing for a long time into bitcoin he can continue to learn about bitcoin and hopefully gain more and more confidence in both investing into bitcoin and also managing his bitcoin investment, which includes hopefully learning how to self-custody most of his bitcoin rather than leaving his bitcoin with third parties in the event that he might be buying bitcoin through bitcoin exchanges.


This is true.  A person should not be investing into bitcoin unless it is extra money that is not needed for his expenses... so some people make way more money than their expenses, and other people struggle to make enough money to cover all of their expenses.  So it can take some skills to make sure that the income is sufficiently exceeding expenses in order to NOT be investing into bitcoin with money that will be needed in the next 4-10 years or longer.


These are good ideas too.. except that it seems to me that you have to make sure that all of your expenses are going to be covered before you invest in bitcoin, and if you have doubt about your having enough money then you should not be buying bitcoin with money that you might need for your expenses, and so it seems that a lot of folks can attempt to make sure that they maintain enough cash cushion so that they are able to buy bitcoin every week, yet if your income versus your expenses is tight, then you could run into troubles if you buy bitcoin with that money.  And, if you make mistakes managing your cashflow and/or investing too much or too little into bitcoin, you have no one to blame except yourself.  You have to figure out an investment balance that makes sure that you don't put yourself into a position that you screw things up for yourself in your finances and even having to sell bitcoin at a time that is not completely of your own choosing, which surely might be 4-10 years or longer down the road before you might start to sell some of your bitcoin if you had been spending quite a bit of time accumulating it... depending largely on your own BTC accumulation circumstances.


Those kinds of funds are not needed to be established in advance, yet they may well may need to be established in the early days of getting started investing into bitcoin, so a person investing into bitcoin might have to invest into bitcoin more conservatively in the beginning as he is building up at least his emergency funds in the event that he does not have an emergency fund of at least 3 months of his expenses... so maybe in the first year or so, a guy might be buying $50 worth bitcoin and putting $50 into his emergency fund, and so after a year, he has around $2,600 in each... so are his expenses? around $900 per month? then $2,600 would nearly be 3 months worth of expenses.  Perhaps after getting his emergency fund to at least $2,700, then he would thereafter be able to invest $100 per week into bitcoin and just maintain his emergency fund in case he has an emergency, such as loss of income or some health event that causes his expenses to go up unexpectedly.


Once the Emergency fund is established, it may well never have to be used, and surely a guy might also have reserve funds too that are more flexible beyond the funds that are kept in the emergency fund.  A guy is going to be much more empowered, including more able to be more aggressive in his bitcoin investing if he also maintains an emergency fund and perhaps other kinds of back up funds too.


4-10 years or longer is long term.  If you are planning to get in and out of bitcoin in less than 4 years, then you are trading rather than investing, and sometimes it can take a bit of time for guys to recognize and appreciate the power and the benefits to themselves to both develop and to try to reinforce an investing mindset and approach to bitcoin rather than thiniing about bitcoin as if it were a trade and planning to trade it rather than learn about how to get into an investment mindset to be able to allow more likelihood that bitcoin is going to actually empower you rather than allowing you to gamble with one of the best investments (if not the best investment) currently available all across the globe to poor and to rich and to anyone who is willing to invest into it.  Of course, rich folks have advantages based on their having more money to work with, but even though rich people are rich, they don't necessarily appreciate the power of investing into bitcoin, so they way well not take advantage of bitcoin being available to them and to everyone else. 

Poor people are likely to be more empowered by bitcoin, but they still have to figure out and put into practice their various methods they do not end up gambling with what should be an investment a way that they can build wealth and to put themselves at an advantage after really learning how to do it through ongoing, consistent and persistent practices of buying it and guarding what they have bought - even if it might take a while before the BTC stash becomes profitable and even if the BTC stash might shoot up in price in the short term, there still need to be practices of continuing to buy BTC rather than getting lured into selling it before it is really enough.... and each person has to figure out how much is enough?  is it one year worth of expenses, is it 10 years worth of expenses, is it 25 years worth of expenses? or is it something else.  I sense there are ways to likely establish systems in which getting to 10 years worth of expenses and also measuring that BTC value from the 200-WMA may well be enough to get to entry-level fuck you status, yet surely each person needs to figure out both how to evaluate how much is enough for them financially and psychologically if they are planning to stop working and to live of their BTC or if they might feel that they might need to keep accumulating BTC until they establish enough of a financial cushion or perhaps with the passage of time the valuation of BTC may well continue to sufficiently go up to allow the intersection of time and the intersection of how many BTC the guy has to be enough...


New investor to bitcoin do not have to establish their emergency funds, reserve funds and floating funds prior to investing into bitcoin, even though they need to make sure that they have discretionary funds, and they are not using money that they need for expenses... Emergency funds can be built up simultaneously to building up the size of the bitcoin holdings, and surely each person needs to figure out how he is going to want to make sure that he manages his cashflow well and does not make mistakes, since no one is going to save him if he fucks up, whether he invests too little into bitcoin or if he invests too much into bitcoin.

Many of us likely realize that one of the main things for any investor whether newbie, whether rich and/or whether poor is that there is a certain value to make sure that he figures out a way to stay in the game and not get forced into having to sell any of his bitcoin at a time that is not of his own choosing, and so a brand new bitcoin investor might not realize how to balance various aspects of his cashflow and make sure that he does not over do it or underdo it, yet those are skills that most people should be able to figure out with practice and a bit of focus in terms of trying to learn from their experiences and various resources that are available to them without getting distracted into nonsense, dumb ideas and/or shitcoins, gambling and/or trading without first establishing their BTC investment strategies and practices.. and each of us is responsible for our own choices, including if we might choose to make dumb mistakes or mistakes that could have been avoided or at least minimized... yet surely some folks are not going to learn until they make a few mistakes too... and some mistakes are easier to recover from than others.


I would suggest to try to get into the mentality of not investing money that you need 4-10 years or longer, which can cause a certain level of moderation, yet also realizing the importance that there is a bit of locking up of the money into the bitcoin. 

There are some people who might sometimes spend from their bitcoin, yet it seems that any guys who are still in their early accumulations phases that may well take more than a whole cycle, those guys might want to make sure to practice spend and replace so that they are always accumulating bitcoin even if they might come across circumstances that they might want to spend some bitcoin in order to support bitcoin infrastructure.


There is no need to figure out the bitcoin wallet prior to getting started investing in bitcoin, yet of course, any bitcoin that is purchased through third parties such as an exchange is not really your bitcoin until you move it to a private wallet, so it is good to learn about various kinds of private wallets and figure out how to get into the practice of keeping most of your BTC off of exchanges, yet at the same time, you don't need to learn those things right away.. It is probably better to get started first and then figure out the order in which you want to learn things, while at the same time learning that there are risks in keeping your BTC with any third parties, including but not limited to exchanges and/or also getting lured into products that tell you that they will hold your bitcoin and pay you yield.. Newbies have to be careful to avoid those kinds of ways of custodying their BTC and/or getting too greedy trying to earn money with their BTC prior to just building up their BTC stash and figuring out ways to hold it privately and also holding their BTC in ways that they UTXO sizes are not too small. .. so UTXO management can become an issue and a concern, even though it is not something that has to be learned right away and before buying bitcoin.  Of course the more BTC that you buy in the beginning, then the more justifiable it is to make sure that you are not holding it on exchanges, especially if you start out buying several thousand of dollars of BTC or several months worth of your income/expenses worth of bitcoin.

Here in this thread we only know and talk about bitcoin. And I will advise you to only focus on bitcoin. Because I know that what you are referring to as crypto are altcoins/shitcoins, and we don't encourage people to venture into that here. But if you still want to talk about those your crypto you will have to learn it elsewhere but not in this thread. Our discussion here is centered only on bitcoin and nothing else. Now that you have decided to invest in bitcoin, you should have a long term mentality. For you to see some reasonable profit in your investment, you have to keep investing and holding your bitcoin for at least 4 years and above. And there are certain things you need to put in place before starting your investment journey, they are;
Emergency funds, reserve funds, floating funds etc. And you have to have a good source of income. It's good you already know about DCA strategy. And one thing I will tell you is that, don't invest money that you will be needing in one or two years time in bitcoin. Also make sure that you have set up your wallet where you will be holding your bitcoin and make sure nobody has access to the seed phrase. As a newbie feel free to ask questions about bitcoin here anytime you feel lost and need directions. People here will assist you.

Newbies investors have a tendency to get more profit and from there they are busy diversifying their investments before investing. I think it's not their misunderstanding, it may be due to lack of maturity regarding investment. He should be given time to mature in the case of Bitcoin investment and during this period it is recommended to deposit Bitcoins in DCA method. DCA is a reliable investment method for beginners through which he can deposit bitcoins at regular intervals without any extra stress. While he can build up a reasonable Bitcoin holding he can seek to diversify after a particular period of time separating some of the capital invested and profit but DCA should be kept running. If the trend of depositing Bitcoins in the DCA method is ongoing you have the process to build up a decent holding and you can tend to profit by applying any strategy.

But I would suggest following a long term cycle in Bitcoin investment as long term holding can be more effective than short term diversification in the portfolio if you have a reliable source of discretionary income. If you are active and physically fit then long term accumulated like 3-4 cycle DCA can get you a huge bitcoin stack.

Bitcoin is a good asset to invest in, and there are a lot of benefits that come with having a bitcoin, such as cutting off a middleman from scrutinizing your transactions anytime you want to send money to someone anywhere in the world. It also helps to overcome inflation and give you total control over your money. As a newbie, you have chosen the perfect strategy that will help you be consistent in accumulating bitcoin no matter what the price will be, and it will help you to take advantage of the market because you can accumulate bitcoin even though the price is in a bullish or bearish state. I know you are new to this thread, and you don't know how things are done here, but I want you to know that we don't allow the use of crypto in this thread so that we will not be distracted or newbies like you will not go and invest in altcoins thinking that it's good to invest in. Next time, just make use of the world bitcoin if you are referring to bitcoin.

Just to invest in Bitcoin, we don't need to have complete knowledge about Bitcoin, we can start investing only if we know the basics.

Preliminary planning is always very important before starting a new investment. A novice should take firm decision before starting investment, he should not think about profit, his plan should always be long term. If a new investor makes a proper plan and believes in the future potential of Bitcoin and buys Bitcoin for a long period of time, then he can definitely make a profit in the future.

But before you start investing, you must pay attention to your financial management. You need to create a strong source of income.

There are times in our life when our monthly expenses are higher than usual, i.e. during inflation, our expenses will increase due to inflation or extra expenses, at this time, you will reduce the amount you use to buy bitcoins in that particular month. But you have to keep in mind that time so that your investment does not stop at once. You need to continue investing, if your cost is low, you can increase the amount of Bitcoin investment, and if the cost increases, you can reduce the investment amount, but in no way can you stop investing in DCA.

And I think an investor must have a reserve fund and emergency fund before starting investment, so that his investment does not stop in any way.

That is, in any unexpected situation, you can handle that situation with that emergency fund.

Definitely plan DCA long term, if you manage DCA properly we can slowly build our bitcoin stash. A "hodley" or long-term investment attitude is the key to success from DCA.

I respect your decision. You mentioned that having gained a rough understanding of Bitcoin and Crypto, maybe you can start investing with the DCA approach. Because to invest in this method you don't need to know any details about bitcoins only you can start investing with little knowledge and definite source of income. By regularly buying bitcoins you will gain experience with investing and your investment will grow as well.

If you spend a few days here in the thread you posted you will surely understand the details about investing in DCA method. There are constant discussions about the DCA strategy which is making many new investors experienced in their investments which is helping them to prolong their investment journey.

If you want to learn about Dollar Cost Averaging investment method in a short period of time then spending some time visiting this link will help you to increase your knowledge.

https://www.britannica.com/money/dollar-cost-averaging

I have decided to invest in Bitcoin, I know about DCA and DCA's feasibility, and I have gained a rough understanding of Bitcoin and Crypto. But I still don't know much about them. But I decided to start investing in Bitcoin. And in DCA I will continue to invest and slowly learn everything about crypto. Hopefully I can move forward in this way.

We have gained a lot of knowledge about bitcoin investment in this thread, and we now know the strategies to combine together that will allow us to consistently be accumulating bitcoin and also wait for bitcoin dip to happen so that we can buy the dip and also increase the size of our bitcoin investment. For instance, if you want to wait for the bitcoin dip so that you can accumulate some of your bitcoin at a low price, you can divide your bitcoin accumulation money into two equal parts, and you will keep one part for buying the bitcoin dip any time it happens, and you will use the second part to be consistently accumulating bitcoin with the DCA strategy, which will allow you to take advantage of the market and also make you not miss out on bitcoin investment. Investors who only want to accumulate bitcoin in a dip are the ones who will miss out on bitcoin investment because they are not certain if bitcoin will dip to where they will be comfortable accumulating it. This will make them less active in accumulating bitcoin, and the chance of not accumulating a good amount of bitcoin is very high because no one is certain how often the bitcoin dip will happen each year.