Topic: Buy the DIP, and HODL! - page 381. (Read 123439 times)

There are many mistakes that the newbies did alot that have been the sole reasons why they have been in the kind of situations they've found themsel because they never understand the needful expectations required from them to begin with the proper way of learning how to do something.

When you're newly introduced onto a network or system, then you just don't jump anyhow, instead you take your time to acquire the required knowledge and do the needful to help you get the maximum expectations turns a reality or your acheivements.

If you read my post correctly you would understand how I said that it's only for those who wants to double their money or who can't endure for long periods of investment normally 4-10 years and above can be considered as Long time investment even though such person is impatient enough to have hold for such period it will only end up wasting their useful bitcoin because of lack of patients or wanting to increase their profits without adequately seeking to hold for long time.

Of course when they sold at cheap price they end up regretting their investment as I can say that bitcoin isn't that predictable based on price movement and differences and of a true 10 year can be considered a sufficient time period for one to hold his bitcoin except for someone that is greed to make some profits while they proceed their holding processes, that result in decreasing the total amount of Bitcoin in their custody.

Exactly... Beginners should learn about trading before making long term investments. They need also to understand the market and get better trading before investing a lot of money in beginning. It is a good idea for them to start investing a small part of the salary like 5% or 10% to slowly slowly build their investment portfolio.
Once beginner understand Bitcoin and feeling more confident in their trading skills. They should start investing.But it is important to not use all of their salary for investments. It is good to balance and use some money for investments and some for other important things for life.
Become too greediness when investing can be dangerous for them.By using only money they can be afford to lose.... beginners can reduced the risks and can avoid making quick decisions. It is important also to be emotionally strong and able to handle challenges in the market for long term success. And this experience can be gained buy investing some less money in beginning.
To sum up, starting with small investments gradually investing more money and keep a balanced approach can help beginners in the market.

Yea I agree with you that most times the emergency funds might not be used because no emergency occurred and that is why you must prepare for the emergency funds, so that if a scenario played out for three consecutive months that only 5% of emergency funds or lesser was used, then the remaining funds can be used to buy bitcoin for front loading, while in the other months, you can continue keeping the emergency funds for it to pile up again, if emergency don't occur, but some months emergency will come into the picture. Keeping an emergency funds is of more advantage to the investor, because sometimes, the emergency funds can be put back into your bitcoin portfolio, when it has accumulated to an extent.

It is short term because if you buy during this duration of time and want to make profit, it is a big risk that you are taking since no one can predict the price movement of bitcoin correctly. This is why the basic of bitcoin investment is to invest in a long term, at least one complete circle and above to minimize the risk of bitcoin volatile nature. Ok imagine that you bought bitcoin at 25k last year and bitcoin price is 40k, you sold and cash out making profit unknown to you that the next month bitcoin price will hit 50k and you are with your fiat. If the price hits 50k and above to 100k, you will regret your actions of taking profit early and no matter that you made profit, you will still be blaming yourself because you don't have the opportunity to buy back. There are so many scenarios that will play out that make 1-4yrs time unethical to invest in bitcoin.

No newbies don't need to think of trading at all before they can learn on how to invest because it is a waste of time and resources. It is not that I don't understand what you mean because newbies wouldn't listen until they have lost in trading. But there are some newbies who have the zeal and passion to invest in a long term, those ones that listen to advice and want the best out of their invested funds. Such newbies should only focus on buying a certain amount of bitcoin that will not affect their income regularly through DCA to increase their portfolio. The only thing that they need is to sacrifice their patience and actions to buy consistently. It is less stressful, when they trade, they might lose focus on their bitcoin accumulation goal because there might not be happy with their loss.

That's actually good figures to invest but knowing newbies they don't easily go with long term investment that's why they also need to experience first how to trade well in the market and after that for sure they would realize that Hodl is so good for anyone and for that they can start this 5% or `10% part of their salary for their investment. After that once they know how good to have bitcoin then they can increase their balances if they want to increase their investment capital for bitcoin.  I might not suggest to use all of their salary but rather slowly increasing the amount they use maybe better so that they can still have money to use for spending on other things they need and they don't need to became more greedy with it since there's perfect time for everything that's why use the amount they can afford to lose since everything will be rewarding in the end once bitcoin pump and we properly execute all necessary things needed especially for strengthen up their emotions on the challenges comes in the market.

From what you have put down here they are all correct but then I am not compromising the truth that 1 - 4 years is long time investment yes way back or far back such investment plan is a short time investment and not even now and I won't adhere to it to fully accept is a long time investment projection for someone to hold as long time investment and of curse not everyone who would understand that 1-4 years is relatively a short time investment and those who weren't a Bitcoiner (newbie invest) may not consider it as short time except you and I know who knows how bitcoin investment works.

Though I am not trying equate myself or compared myself to have gain your kind of knowledge you acquired so far ( Realistically/Sincerely I respect you for that) still attaching myself to you to gain some knowledge even though the one I gain so far isn't sufficiently sufficient enough for me but I won't for any reason down turned your opinion and contribution knowing too well that you are the knowledge bank here, Yeah you might see yourself as someone who still need some knowledge to keep flowing while there are others who think just to have or gain some little from you to fill up their up stirs.

..Yeah everyone has a different mindset towards their investment and they can't strictly adhered to that rather incessantly having this mindset that such plans are okay with them as long as they finds themselves having a little doubling of their income and off curse I don't care if they thought 1-4 years is enough for them or not, as Bitcoiner having a long projection is always far way better and yes doing DCA is another way to keep increasing our holdings without the negative mindset of having to reduce or temper our investment to quick gain and profits and to me after taking profits what else would they do with their profits? reinvest in same bitcoin they lost or what and yes this keeps them risking their investment by reducing the numbers of their bitcoin volume in the names to take profits why they don't care about the totaling of their holdings and of curse this a gambling which might not always ends well with them and, I don't care what their outcome would be..

Okay let say fine, but then what could be their value for cheaply wasting their investment even though they have enough of btc and they have decided to quit whatever investment they have in digital currency to real estate or real live business I can still say that if such investment is not properly managed it would still run into lose due to improper and mismanagement of investment, yet nothing still don't change why they couldn't leave their investment into bitcoin.

I just see you made mention of many things to be considered before investing into Bitcoin as you failed to mention acquiring some certain knowledge about Bitcoin and its price movement. Most people don't know how it operates, what is Bitcoin and if there is any chances of loosing their money as they will always think Bitcoin as being a money doubler with no precautions to be taken.
I have friends who do love Bitcoin but know nothing concerning it and they always draft out plans of making profits within their own speculations, I spend time explaining things about Bitcoin to them and they find it difficult as they always want it in a short term.
Most people invest for a short term without having any knowledge and when it doesn't get to how they speculated on making their profits they find a way to take back their investment and most times end up putting it into Altcoins which doesn't ends well

Knowing when to buy should not be a problem as their are many shoulders in this forum to rely on, that can help each time you plan to buy.
Basically, there are perfect time to buy Bitcoin and every entry point still remains the perfect price of entering the market. It is not cc compulsory to make analysis on the market if it will go up or down in few days or months, buying Bitcoin can be done through DCA no matter the price it is and if you would prefer buying the DIP then hold on till the price drops very well below the last ATH. As for now it will be very profitable to keep accumulating more Bitcoin into your portfolio.

I agree with what you say about how important it is to keeping adding money to your investment portfolio. Even if you started with a lot of money adding more with time  really help it grow. Sometimes people get unexpected money which gives them more options.
When young people move out of their parents house they often dn't have a lot of money and it takes time for them to become financially stable. At first they may struggle to pay for everything and save for emergencies. Investing might not be possible during this time.
Young people have also to decide between going to college or getting vocational training. Both options cost money and time but they help make more money in the future. It is a decision that needs careful thinking and consider the long term benefits.
When people get a lot of money at all once it can tempting to spend it right away on vacations or fancy things. But it will be good to find good investment opportunities and not just spend it all. Making a budget and dividing the money into different categories can help you satisfy different decisions but it may make the initial amount seem low valuable.
Some people make some good decisions while investing money anywhere. They ask to the experts and make research before investing.  But if there is Bitcoin so I think there is no other option just hold it tight and believe in. I we believe in Bitcoin so I am sure that it will pay for our trust in future.

I don't see any reason to compromise on the idea and to agree that investing 1-4 years is better than some other kind of shorter-term thinking or trading, and sure people can do whatever they want, but if they are talking about 1-4 years as if it were long term, then they are full of shit. and they have the wrong mindset.

Of course, we know people who might even be on the younger side, so they have many years, even 10-40 years before they are planning to retire; however, at the same time, they are wanting to save up in shorter periods of time because they have certain kind of consumption goals or other "investments" that they want to make that are not bitcoin related... It is still going to be risky for those people to be thinking about bitcoin in terms of 1-4 year time frames - and maybe we need some kind of an example..  remember the guy earlier who had been saving for his wedding, so he ended up cashing out of his bitcoin in order to pay for his wedding.. and that surely could have ended up well from him if he had been able to profit by nearly doubling his principle, so if his wedding was going to cost $20k, and and he put $10k into bitcoin when BTC prices were around $22k, and then when BTC prices got into the $40ks, he cashed out all of his bitcoin and he had nearly $20k, yet in that case, he was still gambling and his gamble ended up working out...

Even though likely bitcoin works way better as a longer term investment in which the profits can fold over and over and over into the investment and end up having a compounding effect that is not guaranteed, but each of us should still be figuring out how to play our bitcoin investment, including that maybe we have some bitcoin funds that we are going to want to draw out, even if we might be continuing to accumulate BTC, so the whole matter of building up the BTC holdings can sometimes seem a bit ambiguous if we are not consistently building the size of our bitcoin holdings during the accumulation phase.


Surely level of profits can be another way of attempting to measure if value should be taken out, and people need to decide those kinds of matters, and what kinds of prices are we going to get in the last 3-4 years?  It could be possible that someone started investing in bitcoin in 2019 or 2020 and they had built up a bitcoin portfolio that has an average cost per BTC of $8k to $10k or so, but that abiliity to have lower than $10k costs per BTC would have meant that they were able to lump sum part or all of their investment into BTC prior to late 2020, because we have not had BTC prices that low after late 2020.  Even by early November 2020, BTC prices had already crossed above $15k, and they had not returned below $15k, so anyone who might have been able to get his BTC investment portfolio with costs at or below $10k would have to have had been investing prior to late 2020 and also maybe would have had to have been fairly aggressively front loading his investment into bitcoin.

So if such person with a $10k average cost per BTC is waiting for $100k to $500k, then that would be 10x to 50x, and so maybe they could sell some or all of their BTC at those various price points, and still what are they going to do with it?  consume? or do they have some supposedly better place that they are planning to put it or are they selling mostly because they are thinking that a 10x to 50x price appreciation means that their BTC holdings are going to be going down thereafter.... so they need to take profits while they can?  That still would not necessarily justify cashing out of BTC in large proportions.

Let's say that a person with a $10k per BTC average had invested around $100k into bitcoin, so they had gotten 10 BTC out of the deal, so $100k to $500k would end up putting the value of their total BTC holdings at between $1 million and $5 million, depending on the BTC price point.  Surely, it could become justified to cash out some or all of the BTC at those various price points, even though I don't really consider cashing out all BTC or even more than half of the BTC at any given point to be necessary or even good long term planning - even if someone is merely considering that he is cashing out 50% or more in order to buy back at lower prices.

Again people can do whatever they like in terms of how they choose to manage their BTC holdings and if they might consider that 10 BTC is enough to there after be starting to cash out some or all of it. 

Of course, the more BTC that they have accumulated, the more justifiable it becomes to cash out all or some of their BTC, and even if we take a person who might have invested aggressively into BTC starting in early 2020, so if they had been fairly aggressively buying BTC throughout 2020, and so by the end of 2020, maybe their $100k had ended up getting them around 10 BTC because they made a few mistakes, but they were front loading their investment somewhat with around $2k per week for the whole year of 2020.

So if from 2021 to present, they figured that they would still accumulate BTC, and maybe they would end up investing about half as much into bitcoin, so they spend 2021, 2022, and 2023 accumulating another $50k worth of bitcoin at about $320 per week, which ends up getting them nearly another 2 BTC, so then at the end of 4 years they end up having $150k invested and they have right around 12 BTC.  So are they then in a better position than the person that accumulated 10BTC to feel that they have enough BTC to start cashing out when their holdings get into the 10x to 50x profits arena?



You don't need to give any shits about further generations in order to have a longer investment time horizon, and sure it is understandable that if someone wants to quit working at some point in their life, that person likely needs to have some kind of investment, and maybe even to have some preparedness that whatever pension or social system might not be paying out at a rate that is going to keep up with the cost of living. So some people are forced to keep on working if they believe that the cut that they are going to receive in their income is not going to be able to support them.. even if you are into your 30s, you likely realize that you have a good 20 more years to work because it is difficult as fuck to be able to stop working early and also to feel that whatever savings/investments are going to be able to support you if you start to draw upon them in your early 50s rather than in your 60s, but still it could be possible to have goals to be able to get to such a surplus level of savings/investments that you are going to have options to at least cut down on the amount that you have to work in your 50s rather than having to work full time and having fewer options at that age.

So even if people might want to have luxury items and consumption and trips in their 20s, 30s and 40s, they still might be able to prepare for their 50s, even though yeah, like you are suggesting many times normies perceive 1-4 years as being a long term investment, when it is not... so those people can have fun staying poor if they are so busy cashing out their BTC investment and not letting it ride and not continuing to add to it in order to get themselves to a better place, at a later point in their lives even though the consumptions and luxuries in your 20s, 30s and 40s are compelling, and I am not even suggesting that anyone should be completely giving up luxuries and consumption in their 20s, 30s and 40s, but there are ways to engage in such consumption and luxuries in modest ways that still keep the ongoing bitcoin investment in mind, rather than cashing out in 1-4 years or whatever other relatively short time frame is compelling such early cashing out.


That may or may not work as well as people perceive it to work, and I have no problem if people think that they are able to accomplish greater returns by trading rather than holding and buying.. and maybe the extent to which they might be successful in the scalping and trading might be if they are playing bigger curves and sure they might get blown out of their BTC holdings if they sell too much too soon and they are expecting a drop that does not end up happening, and if they keep selling more and more on the way up and then pretty soon they run out of BTC to sell... then what?

If you are tempted into those practices to sell BTC in order to accumulate more, then you are likely going to need a lot of luck (and sure there might be some who are actually skilled in doing it. but I have my doubts about that too).. trading is not a good game for normies, even if some might want to spend their time in such ways, and maybe they can outperform a strict DCA approach, yet I have my doubts.

You are not alone in this case who is struggling to know exact time for buying I have done many times search about this all but sadly never work for me as well which is surely brought some disappointment but still I am doing some search and having few positive signals as well even these are not enough but keep trying and keep figuring about latest updates and other things are surely going to help your chances for having something from this.
With few are also having hobby of investing their extra in things which they feel can go beyond their limits and this also give them good results but for this as mentioned we need to work on our plan which is most imported for buy the dip and hodle.

I understood the fact that holding for 1-4years is periodically a short periods but then my post was derived from someone I quoted above otherwise I won't encourage anyone to invest in short time, however it's basically on choice based options for someone to have chose a suitable plans for himself in terms of investment. Even though 1 year to 4 years is not sufficiently enough to hold bitcoin but at least those who are eager to cash out within short time frame if they can't endure for 4 years to 10 years as you may say and of course not everyone one that would be willing to hold for that period especially when the market always look so catchy those with time frame can be either tempted to cash out without even having to endure that proposed plans to hold for 10 years to come.

But that can't be emphasized or being justified because of the plans to hold for either years while they had in mind to have sold when the price seems to have given them 10x or even 50x as they planned with their investment and can be likely being triggered to take profits within the period of 1 year to 4 years than everly waiting for over 4 years to 10 years to come. I can also keep in mind that some people do have long time projection to hold for decades maybe some of them would think of holding it for 20 years or as means of wealth transfer to the next generation which they can hold as long as bitcoin continues to be in existence then what do we know what the price could after some decades. I can also have in mind that there are people who trade and scalp over the day / week and month as it may be these sets of people can't be seen to hold for long why because they are basically wanting to double there money.

If anyone posseses the knowledge of knowing exact point/time to buy I think the person will be extremely wealthy. I don't know if others know when it's exact time to buy, but for me I struggle to know that, instead I do continues buy whenever I have money to buy by following the  DCA principle.

We will do it as well as possible because in adjusting the budget we need the right decision so that the DCA we are doing can run for a long time. A lump sum purchase is certainly good enough if our budget is small but we can increase the purchase a little more when prices fall further. DCA benefits us because we cannot read charts but we will learn to be able to analyze in order to increase our knowledge to find the lowest point in making orders.

We will not mention our budget here, but in that way our assumption of someone is not correct because those who do DCA are those who decide on investments in the long term. They do a small amount but over time they will be able to accumulate large amounts of BTC in their portfolio. Therefore, wiser steps and strategies are of course the decisions they regulate in their finances when running DCA.

Yes, it's about mindset. An investor must of course have a thorough plan for his investment goals. They may do it without experience, but their interest in developing and learning new things will determine many things in the future. The investment period depends on each plan maker and depends on what his goals are, so the time frame will vary. No investor gets rich overnight from investing, but some investors may be able to earn millions of dollars in returns overnight when they know when is the best time to buy a lot.

There should be no competition in investment as far as investment is concerned. Anyone having a competitive mind will have their self to be blamed because they are investing in what they can't afford to lose with their friend who is financially capable of withstanding whatever their investment turns out to be tomorrow.

It is unpalatable that some people want to be rich through crypto overnight and they are not checking their financial strength to invest in bitcoin for the long term without selling it out of profits when emergency needs come their way.

The worst thing that can happen to any crypto investor is to follow or believe whatever speculation price he or she hears about bitcoin price without trying to start up a DCA strategy on how to invest in Bitcoin in his or her way without letting anyone speculate what will be the price of bitcoin in months or years to come.

There are quite a lot of people out there who don't understand what investment really is, they think an investment is just buying and holding for a long time, and that's wrong.  when you invest, there are many things you have to learn, namely about asset choice, and timing and also the strategies that use to buy, meanwhile, if you invest in Bitcoin, you must not be careless, you must have a thorough plan and a good strategy, so choosing this strategy is what can make your investment profitable in Bitcoin.  My advice is always to use the DCA strategy and also buy the deep in investing. in bitcoins.

Even if a person starts out with what seems to be a large amount to start out his/her investment, the amount may well end up becoming dwarfed by ongoing adding to the investment portfolio, and many times it is not easy to start out with a lump sum amount, even though surely there are circumstances in which guys do end up coming across lump sum amounts of money that provide them with way more choices than they would normally have.  

It is similar when many young people first leave the home of their parents, they usually are starting out without very many resources, and it can take a while for them to start to feel that they have built some of their resources and maybe they are not even able to invest anything in the beginning because they are struggling to make sure that their income covers their expenses, and that they might also be building their emergency fund (that they might not have felt that they needed during the time that they were living with their parents).

Also young people are faced with dilemmas regarding whether or not to go to college or maybe to participate in some kind of vocational training that may well cost money and time in the start, but may have the potential to increase their income at later points down the road.

Sometimes people will come across lump sum amounts of money, and they won't be sure what to do with it, but then they might become tempted by going on vacation or buying some consumer good that had earlier been out of their financial reach.  It takes quite a bit of discipline and focus to identify an investment rather than to consume.. or even to budget out various places to put the money, and then the lump sum does not seem to be as much if it ends up getting divided into various categories to try to fulfill several wants at the same time.


1-4 years does not seem like a long time, especially when it comes to something like bitcoin.. 1-4 years seems like someone who is looking for the next peak to be able to cash out some or all of his holdings.

But hey.. do what you like... and there surely are some people who might be concerned about their ability to invest for 4-10 years or longer, and so sure they could still invest, but I would imagine that their position size is going to be smaller if they are investing in shorter timeframes, such as 4 years or less.

Alternatively, there are traders who do look for some opportunities to get in and out of an investment, and surely traders might consider themselves to be investing in the long term when they are investing 1-4 years.. so sure maybe it is a matter of perspective.. .. even though I still consider 4 years as a kind of minimum for investing into bitcoin and if someone does not lump sum in the beginning, but invests over 1-4 years, then any money being invested at the end of the first 4 years, should be considered as being invested for at least 4 years from the time it is invested, not from the time that the investment started... so any new money coming in likely needs 4-10 years or longer, just to grow.. and that would be more in the ballpark of the entry levels to "long term" investing.. and surely if a person is reassessing his investment periodically (perhaps quarterly, perhaps annually, perhaps every few years), he is likely going to find himself in a decently good place if he had been investing for 10 years or longer, and surely is going to have more freedom from having had invested for that period of time, and part of the freedom also comes from being able to make sure that the investment is secured during that whole period..

How much is personally held in some private place, and how much is held with third parties?  

With bitcoin, it is likely better to have an overwhelming majority of the investment as privately and securely held.. not necessarily easy to make sure that your  keys are secure and to attempt to keep up with which methods of securing keys are sufficiently secure for the size of the portfolio that is being protected..


That is quite true, and even people with very similar incomes and similar expenses might come out differently in terms of performance, but one of the main performances is also being able to stay in the game and being able to balance a variety of your personal needs, including perhaps your need for insurance, so one person might choose to invest 10% of his income into bitcoin and another person chooses to invest 20% of his income into bitcoin, and surely the one who invested 20% might end up getting ahead, but then he never had a sufficiently-sized emergency fund, and he ended up getting lucky that he did not end up having to experience an emergency.. and the person investing 10% was more prepared for such emergency, even though in the case of this hypothetical, no emergency ended up happening... that is another thing with a sufficiently buttressed emergency fund, it might be less than 5% odds that the emergency fund will ever be needed, and so there are choices about how much to buttress the emergency fund, and realizing the fact that there could be some circumstances in which NOT having a sufficient emergency fund could totally wipe a person out... even though the odds still might be less than 5% that such emergency fund will ever come into need.


Sometimes the mere fact that you are persistent and consistent, you may well outlast others who are in similar positions as you, and people will have differing ideas, and some times some people will get distracted into other areas to put their value, and sometimes we might not notice a difference for many many years.

I know some people who had quite a few advantages over me financially, and I even tried to get them into bitcoin, and they probably would have had been able to invest into bitcoin with way smaller of a fraction of their income (and available assets) than I had done.  These days, there is no way that they would be able to come even close to being able to catch up to me, and from time to time, I heard them telling me about some expenses that they had that were part of their life that was not in my life, but much of that is just excuses - especially since there are other areas in their life in which they were always way more consistently spendy than me, so even if it was true that they had some areas in which they had more expenses than me, they made choices regarding where they were investing their time, money and energies, which happened to not at all (or barely) in bitcoin over the years, and even though I did not kill myself in bitcoin, I was moderately more aggressive, and consistent.. and largely just continued to hold my bitcoin through the years, which is nearly impossible for them to be able to purchase even a fraction of my quantity of bitcoin without having to make a lot of sacrifices, and even that probably would not be enough to catch up absent my suffering some kind of "accident" with my coins... which I am truly not ruling out as non-zero.

I am not even really competing.. but I do sometimes think of the comparisons... including another guy that comes up to me on about an annual basis since about 2016, and even I pretty much consistently say the same thing.. get started.. and I cannot even remember my first conversations with him, which he claims was in mid-2014.. which surely could have had been possible... but still outside of my memory... there were a few other guys with whom I supposedly had these kinds of bitcoin conversations in 2014.. even though I don't recall talking about bitcoin to others until late 2014.. but they were claiming that I was talking about bitcoin with them in mid 2014.

Actually one of the really measurable differences will come from seeing that some people will cash out some or all of their investment and strive to get back into the investment later, which surely can end up being an investment killer... it has a tendency to take away a lot of the compounding effects of the investment


Exactly.. a person (newbie into bitcoin/investing) can start out by dedicating 5% to 10% of his income into the investment, and after a few years increase that to higher amounts.. but surely if it remains unfeasible to increase the investment amount to more than 5% to 10%, then such person should just do what he can, and even 5% to 10% will likely add up, even though 5% is likely only equivalent to having had invested a whole year's salary after 20 years of employing such strategy, but 10% has chances of having invested a whole year's salary after 10 years.. and sometimes these higher levels of aggressiveness (when possible) can make really stupendous kinds of differences in therms of the progress made and how the quantities might add up to significant, meaningful and potentially life-changing amounts.

To me, it is not even good to compete with someone on their bitcoin purchase because you don't know the kind of plans that he had set aside to buy bitcoin that will definitely work for him because he has already strategized it base on his income. Since you are in competition, you will not know his strategy for you to follow and you might even lose focus to come up with your own strategy because all your focus is to have more btc than your friend and before you know it you will buy more aggressively and forgetting that there will be need of emergency funds and reserve funds since you think that the person with the highest bitcoin in his portfolio is the winner, forgetting about important issues that might arise in the later.

And before you know it, you will see yourself selling your bitcoin at a lower price to take care of some challenges, maybe health issues or emergency that must be attend to. This is why it is good to invest based on your capacity and don't be in competition with anyone to make you concentrate and stay focus on your bitcoin accumulation journey with the regular DCA method weekly or monthly. Just do your best and allow things to play out the way it is suppose to be, who knows if you will have a bigger income than the the person that you feel is buying more than you tomorrow, and you will increase your bitcoin purchase size which will be more than his.

This is why newbies need to start with an amount that they will not need for a very long time, maybe 10% or 5% for regular DCA weekly or monthly, and go on a long term ride for let's say 4-10yrs to minimize the risk because it is be easy for them.

To sum it all up, bitcoin is the safest cryptocurrency to make an investment upon doesn't mean when we take the wrong routes in doing that we will get be best out in it, we must have in place a proper plan ahead of time on hownwe are engaging with the investment we are making, the duration and the time frame set for it, this is not an avenue jut to do things havazardly, there must be an orderly manners in our bid to make an investment base on our targets plans already in place.

I also learned to understand that mistakes are sometimes unavoidable, but we can do in such a way that we are always at the top of the game each time, there's more to talked about the beauty on bitcoin Investment when things are in accordance, this alone will make us value the asset we have when we are at it again.

I don't think that the decision to invest in Bitcoin should be taken in a hurry because to hold Bitcoin requires more than just investing any money at your disposal. You must make effort to plan your finances in such a way that some funds will be set aside for any emergency that may arise which was not expected, like the "financial need" you stated. If such provisions are not made, even if you adopt the option of investing $200 every month, you will surely sell your assets or some of them when emergency arises. Hence, it is better to think properly and plan well before starting the investment process if longevity of the asset must be assured.

I quite agree with you on the decision aspect but I seem to defer on the risk aspect. Bitcoin seems more risky for short term investors than long term investors. Apart from loss of assets due to hacks and others, holding Bitcoin actually have minimal risk from what we have seen so far.