Topic: Buy the DIP, and HODL! - page 398. (Read 137384 times)

To ensure a smooth Bitcoin investment journey, it's crucial to set aside some extra money for emergencies. This emergency fund acts like a safety net, so if unexpected problems come up, you won't have to sell your Bitcoin hastily to tackle those issues. The reason having this emergency savings is super important is that you want to avoid selling your Bitcoin at the wrong time; instead, it's better to hold onto it until the market is favorable for selling a portion of your Bitcoin.

Now, you might be wondering, how much money should you save for emergencies to make sure you never feel compelled to touch your Bitcoin holdings? Well, it's a bit tricky because future problems could be more significant than your emergency savings. One effective strategy to handle this is by using the Dollar-Cost Averaging (DCA) method. This means regularly buying Bitcoin, buying weekly or monthly, and simultaneously setting aside a portion of your funds for emergencies also. This way, you're steadily accumulating Bitcoin without getting distracted or feeling pressured to sell during challenging times. It's like building a financial safety wall to protect your long term Bitcoin investment journey.

I agree.

Because what happens when your entire investment like if you're holding Bitcoin is your entire wealth, there is a big tendency that you will be forced to sell it at a time that you're not willing to sell but you have to.

That's why when we invest, make sure that we've got funds as well like emergency funds or extra funds that will be touched and protect our assets like in Bitcoin if unforeseen times comes.

I don't think perception of buying only when the price is ok with for, no doubt, it is the best period to buy but will you continue to stagnate every opportunity that comes your way to buy until the price dip I think the answer is no, bitcoin investment was not meant to be that way, once your investment fund is ready, delaying further will amount to risk because you might end up spending such fund, some IMO I will advice that any person that's is ready should not wait for the price to be dip before investment beaches retracing any lost opportunity is almost impossible, though fluctuations can not be neglected in bitcoin market but it might be in your own favour, note every time and day is an opportunity in this market, instead of waiting, divide the fund and invest the larger amount and make sure you will be holding to enjoy the long term benefit.

Maybe it's simpler
 1. Buy and Hold and there is no need for advanced analysis if we buy with DCA.
 2. Increase the allocation of funds for the next purchase if you earn more income at that time.
 3. To achieve routine purchases in stages, you have to concentrate and not be consumed by negative issues that make You feel anxious or anything that can hinder long-term investment planning.
 4. Have at least several options, Including reserve funds, to be able to accumulate Bitcoin when the price of Bitcoin drops suddenly.
 5. put your own principles first in planning your investment because if You are unable to implement several options in distributing funds then it is better to buy regularly at each stage that you have planned with DCA.
 6. Mainly hold bitcoin in a personal wallet or in a wallet that you control the keys to.
 7. If you are married, It is better to tell your wife or children that you are investing in Bitcoin.
I think if we are consistent we don't need many ways to make long-term investments, We can just Buy and Hold until the investment target is achieved, For example 10 year. Moreover, for example, those of us here who are not very skilled at reading chart, Of course DCA is the best in every way. maybe my advice is to stay away from Shitcoin and focus on Bitcoin only.

No amount of understanding, mastery, experience and what have you is enough to justify the decision of going all in. It is a bad concept that does not always end well. Most people that lost money to Bitcoin or other coins always go all in with money they probably have other use for. When the profit is not forthcoming, they are forced to sell at a loss because they went all in with money meant for other things.

Like many people have already said, investment fund should be separated from funds for basic needs thereafter emergency funds should also be kept for optimal management of the investment portfolio. This way there will be no pressures to sell even if the price drop because there is the confidence that Bitcoin will always recover with time.

This is what I've been advocating for, going all in ordinary is not a bad concept but it is most appropriate if you invest an amount you can patiently hold on to because is a long time investment, moreover even when you do your research on most of this other coins, how reliable and sustainable can most of them be, so Bitcoin for me remains the undisputable coin.
 
However the idea of "going all in" can best suit people that have understood the market navigation and have the good financial muscle to invest and hold, at this stage they've taken all precautionary measures to reduce their losses and increase their gain.

Thinking about emergency funds is very important especially if you don't want to disturb when the investment has started, we never know what future circumstances are needed, so emergency funds are important before investment starts, at least you already have a handle on this.

Well that's a lot of consideration with the cash flow you have, I'm sure the average of us will probably get from a month's salary and divide it into several segments of emergency funds, needs and investments then that will be divided by how many percent of investment how big your needs are then this is important not to be ignored.

I feel that with the emergency fund that has been prepared we feel a little more relieved, why? Because you will be a little calm with bitcoin investment even though for example the cash flow is starting to decrease a little but you can still do from emergency funds or needs can use emergency funds until cash flow returns to normal.

If someone is investing 4-10 years or longer, and they are ongoingly DCAing into BTC, then they still have 4-10 years or longer from their latest investment, and maybe their earlier parts of their investment are starting to come close to 4 years of maturity.  Bitcoin may or may not beat traditional investments in a short period of time, but we hypothesize that continuing to build your bitcoin investment is going to give you more options in the future... even though it is not a guarantee it remains a likely good place to put value to be able to get more options in the future.



I am not talking about newbies dumping large portions of their BTC holdings during a perceived peak because how the fuck are they going to know where the peak is and dumping 50% sounds like gambling and trading that may or may not work out, but it also may well take them out of their accumulation mindset... so careful in terms of fucking around with bitcoin too much and thinking that you know when the peak will be.


You seem to be mixing up the ideas of emergency funds and float, and sure there could be times in which your emergency funds could be drawn from, but you have to be careful with the idea that you think that you will regularly be drawing from there, because if you do not continuously keep enough in your emergency fund, you could end up getting really fucked during a real emergency in which you might have depleted your emergency fund based on some extra expenses and then wham.. you have an emergency and insufficient emergency funds.  


In the end, guys are going to have to figure out how much value to keep in these various kinds of ways, and if they end up fucking it up, then the damage could end up being irreversible, and it might not make as much of a difference if their BTC investment is several times in profits, but if their BTC is in the negative or barely in profits, and there is a need to draw down the principle at the wrong time, then there might never come an ability to build the BTC holdings back up to the size that it had been.


You seem to be thinking small potatoes if you are merely thinking about getting in and out of bitcoin whether that is $70k, $100k or otherwise.. But, hey, do what you like.


You can build systems to continue to invest, so even if you might have Ups and downs and you are not able to invest $100 per week, you might be able to invest $10 per week no matter what and even hold money in reserves so that you can invest $10 per week no matter what, and then maybe some weeks you can invest up to $100 per week or even more... So it seems to be a matter of building good systems.. and of course, you also can work on building your income and cutting your expenses.. which also can be difficult to achieve, especially if maybe some one might have to incur some expenses (such as going to school or something) in order to be qualified for higher paying jobs.


I personally think that if a guy is in vesting $100 per week for 3 years and if he had started out with a 4-10 year or more investment timeline, then he may well be cutting himself short if he thinks that his later DCA amounts can just be cashed out in less than 4-10 years so it takes a quite a bit of time for an investment to build up and if you are still building, then you likely are not ready to be cashing out significant amounts of your stash, even if 3 years have already passed since you started to invest...

Now if the guy had lump sum invested $10k into bitcoin at the beginning of 2021 and maybe he got 0.3 BTC or something like that, and then thereafter he invested $100 per week, so then his total investment is 0.858 BTC rather than 0.558 BTC ..and so his earlier investment is getting close to the his 4 year initial timeline, but still it might not be prudent to be cashing out early, so a guy has to assess what it is that he wants to do, and if he might consider that he might be transitioning into some other stage of his investment that is something other than BTC accumulation and without degenerating into trading.. so if you go straight from accumulation to liquidating then you are acting like a trader rather than investor, an the intermediate stage would be getting into some kind of a maintenance stage, which also might allow you to start to sell some of your BTC, yet probably not a good idea to think about selling large portions, even if you believe that 0.858 BTC is enough to bring you to entry level fuck you status, it still might not be enough.. which surely considering "what are your goals?" is going to be important in terms of how to treat your bitcoin holdings that you likely spent a lot of efforts to accumulate to such levels after 3 years or so investing.


Even though I like to think about 4-10 years or longer as being a good long term investment timeline, maybe I should start recommending 6-12 years or longer, and then the minimum is at  least a cycle and a half rather than people thinking about merely cashing out right at the end of a cycle.. and the idea of cashing out if flawed, especially when it comes to figuring out how to think about long term investments.. .. .yet at the same time, there are going to be people who will have shorter investment timelines based on age or health conditions, and those people could still invest into bitcoin, but they may well end up getting caught on the wrong side of a wave, when they are in need of liquidity. so it could be problematic for people to invest into bitcoin in shorter timelines.


Yeah, but we are not talking about stocks here.

We are talking about bitcoin.  So maybe you want to rewrite your post and include the word bitcoin in there somewhere so that we know that you are talking about the topic of this same thread.. and your mere throwing in some buzz words does not mean that you really are thinking through the topic.. but hey, that's what bots do, right?


You seem to be mixing up the idea of emergency funds and float.  Emergency funds is not merely the extra each month that you might need, and that is more like a float.  Emergency funds would be something like 3-6 months or more worth of expenses that you would need to cover if your income dried up or even for other reasons like an accident, a medical emergency or something that was somewhat unforeseen, and surely the greater your emergency fund, then you might consider holding some of it in ways that are immediately available, such as cash, then then maybe other parts might be held in some kinds of interest bearing accounts, but usually the emergency funds are not in assets that are volatile so it would mostly be in the currency that you usually use for your expenses... or if you have a shitty fiat, then maybe you keep dollars instead of your local currency, depending on how easy it is for you to exchange the dollars if you need them.


There is nothing wrong with these ideas except the emergency funds usually should be at 3 months minimum, especially the larger that you bitcoin investment is.. so if your bitcoin investment is less than the size of 1 month's emergency fund, then maybe your emergency fund does not need to be as large, but if your BTC investment size is getting to the size of close to a year or more of your expenses, then it probably would be better to have an emergency fund that is close to 6 months of your expenses.  Surely guys have to come up with their own balances, and if they make mistakes and misjudgments, then they are going to be the ones to lose, and frequently guys do not realize that they have made a mistake in regards to how they are treating their reserves, their emergency fund, their float and other kinds of ways of holding cash that could serve these purposes until it is too late.


There are not exact strict rules, but you could get in trouble if you fuck around too much with these kinds of things, and probably at bare minimum you likely have to have at least something like a 2 week float in your cashflow, and probably you could build your emergency fund and your BTC investment simultaneously until each are at 3 months, and then once you get your emergency fund to 3 months you probably could build your BTC investment larger.. but if you BTC investment gets large, then 3 months might not be enough for your emergency fund because you would be taking too much risk that your BTC investment might end up getting used as part of your emergency fund, which likely is not a good idea, but guys do have more liberties the larger their wealth grows, and if you get several years worth of BTC built up, it may not be a big deal to have part of your BTC serve as an emergency fund, but you still could end up in a situation in which you have to sell some parts of your BTC at a time that is not of your own choosing, but if your BTC holdings are 3x, 5x, 10x or more in profits, you might not even be that concerned about it, even though you might see that there are high and low price points in bitcoin (including looking at spot price as compared with 200-week moving average) and you might not be wanting to sell any of your BTC during the lower of the price points.


Of course having a good cashflow does make it easier to have a good float that you might not even be labelling as an emergency fund, but your float or even the assurance of your strong cashflow is still serving a similar purpose as an emergency fund.


Surely, I agree with the idea of getting started as soon as possible, so those are not bad ideas in terms of trying to build several parts simultaneously.  Another thing that guys sometimes need to consider when investing is their use of debt and if they already have a lot of debt or various kinds of loans, so there may be cases in which the debt may need to be put into control, and surely that can be done simultaneously too in terms of making sure to pay off higher debt before lower debt and if all of the debt is at a fairly low interest rate, such as less than 6% per year and without any other penalties, then there might not be as big of a rush to pay it off, even though 6% guaranteed returns does seem good... even though in the real world (in spite of what governments tell us) the cost of living might well be going up higher than 6% per year currently.  


First, sure you corrected yourself to clarify that we are talking about bitcoin here and not talking about some "coin" that we might have identified.. fuck shitcoins.

Second, part of the reason that I do not like the idea of going all in is because even if the BTC price dips, we could end up investing $10k or whatever into it all at once, and then if the BTC price continues to dip from our entry point, then we are all out of ammuntion  and we have to wait it out.

Let's say for example in 2020 and 2021 we had been watching BTC a lot and we were wanting to get in and we were saving up a lump sum, and maybe we were saving $100 per week and we really wanted to get into bitcoin, but we were afraid, so we kept saving and watching, so by the time the end of 2021 came, we had accumulated $7k and we had an additional $3k in our emergency fund, and when saw a dip from $69k to $42k, in early 2022, we decided to go "all in" and we invested $10k into bitcoin at $42k-ish, and so then when the BTC price went against us in 2022, we would have been kind of fucked for nearly 2 years, and also maybe we would not even be in a position to hold through all of that time, or to replenish our emergency fund that might take us more than 1/2 year to do to get it back up to $3k and then we miss the opportunities to buy during the low periods in 2022, and so maybe at some point we can continue to invest $100 per week in BTC once we get our cash back in order.. but maybe we might have screwed ourselves up mentally.

probably the better approach would have been divide our desired $10k into three parts, and invested $3,333 right away, and then had $3,333 for buying on dips and $3,333 for DCA... and we would not have had to deplete our emergency fund or taking other drastic measures when we went "all in," and sure maybe we are quibbling about the definition of "all in," yet I am providing some elaboration regarding why I do not like that "all in" way of framing an approach to BTC investing, even if you might take some measures to "not really be "all in" it is not a good way of describing investing into something like BTC or maybe even other investments, but can be especially important in BTC that can have very violent and long lasting price moves that go against expectations.


I did not really say that a person should make an investment plan for 3 years, but instead showed what the last three years of consistent and persistent DCA would have had accomplished... so most likely if such person is still accumulating BTC after 3 years then he likely still has a decent amount of investment time from there because he is still building his investment portfolio... but sure, if he decides that 0.558 BTC is enough or that maybe he wants to slow down his investment pace or to otherwise to change his investment pattern or to transition into maintenance rather than accumulation, all of those practices would be consistent with longer term investing ideas...but I still doubt hat such a guy with ONLY 40% or so profits should be in any kind of position to be planning taking profits at that rate.. even though surely guys can do whatever they like in terms of how the consider their BTC investment and the extent to which compounding might be contemplated to be of value to them in order to have longer term plans (and options) rather than framing their BTC investment in terms of mere short term profits.  


$100 per week is ONLY used for illustrative purposes, and surely any amount could be used to show consistency.. and surely guys can try to shoot for some level that is sufficiently aggressive, but still guys should be attempting to be practical within their own means..  and furthermore past performance is not an indicator of future results, even though we can get some ideas regarding the power of these kinds of matters to act upon ideas and to build rather than just having ideas and not necessarily having action to go along with the ideas.


Yes.. the dollar is consistently going down in value and being debased at probably a higher rate than what is being officially presented by various government agencies that report on such dollar value status.

No amount of research you make on any coin should make you go all in because to hold you must follow the steps outlined in this thread we are following. Besides, our focus is on Bitcoin on not other coins. Even though we are discussing how to buy and hold Bitcoin, it is not wise to invest your entire money on Bitcoin. Here we encourage people to invest only amounts they can afford to hold for long and still have their peace, live their normal lives and even have some reserved funds.

Furthermore, the term "go all in" is popular among those inundated by hypes of shitcoin. They usually throw caution to the wind because they want to become rich overnight. After reading the beautifully exaggerated whitepapers and studying the seemingly roadmaps and price projections, they are usually convinced they are in for quick wealth. Most of them only find out that they have been fooled when it is already late.

Perhaps to be more in a saver side it will be of a great importance to have another separate funds rather than having only one strategy for buying the dip when we know how Bitcoin price movement behave at times and the possibility of falling drastically after moving uptrend is not certain so the best way to take advantage of any opportunities presented by the Bitcoin price is keeping some of your funds on DCA which will allow you to keep accumulating without thinking about if the Bitcoin price is high or not and before you realize you have already accumulated a lot of Bitcoin and the price of Bitcoin may still not be able to get to your targeted point to buy the dip , so perhaps even if you were not able to buy the dip since the price did not give you the opportunity perhaps your DCA has already cover you up.

Don't just invest thinking this way but accept what is real and then you have to invest. If you think like that I am investing and I expect this investment will give me something good and of course after I invest I will get a lot of profit from this investment. Investing with such expectations means that you are investing only with positive prospects. You can't just invest thinking that something positive can happen, you have to invest in such a way that you believe that your money can both gain and lose. However, since you are investing in Bitcoin for a long-term plan, your risk is of course much lower and the chances of profit are high if you hold it for a certain period of time. Those who invest with the thought that what is there will be seen later, after I invest I will surely profit, it can be seen that these investors cannot hold their investment for a long time. So invest by accepting what is real and what can happen so that later you don't face any problem in holding your investment.

Since our investment is through money, we need to plan our money before investing. This must make me think about how much income I have and how much I can invest. But if I plan based on my income then I can't manage my investment properly. Investment is not one day investment or investment is not for short period of time, investment is long term and investment is usually done in long term plan. I thought I invested and I thought I sold the investment but we are not able to invest properly. The amount of money being invested must be invested for a long period of time and if there is excess money it can be added to the investment if possible. But I would never ask an investor to invest so much money that he would need to sell his investment later. Investors should invest relatively small amount of money and if an investor wants to keep more money with him so that he can use that money for his needs but it is a better decision not to sell the investment before the specified time. Based on the amount of money left by the investor every month or every week, the investor has to decide how much money he can invest every week or every month.

Our nature is such that we cannot wait too long for anything. We try to find shortcuts for everything. But it is better not to take shortcuts in changing your destiny. If a certain amount of money is invested for a long term and gradually increases its investment over a long period of time, then there is a chance of a big change in our financial situation. To get rich overnight we mean gambling but gambling has made very few people rich. There is no chance of losing money in investing but there is a chance of losing money in gambling so why should we choose a site that will lose money in changing our lives. We need to work hard and be confident in our investment without giving too much importance to the fact that gambling can change one's life. If there is faith in relentless work and investment and if one can move forward according to that faith, then one's financial situation is bound to change. We have enough time but we don't have enough patience power but we need to increase that patience power so that we can take proper advantage of the opportunities.

That's an illustration of how by regularly and consistently putting money into btc every week it will definitely have an average price of course from all of that it will have a profitable value for 3 years, try to imagine if we can do it for more than 5 years it will be something amazed that they can do it consistently putting money into btc for so long... I actually want something like this but I'm still in the process of DCA for more than 1 year.

For me $100 is an aggressive level even though every week the dollar value is not the same that is inputted, it will still be the best way with this strategy as long as it is one path with DCA that is run regardless of the money inputted it will still be good even though weekly our money is not the same $100 so on.

Starting from $30-$50 to $100 this method is still good if you do it to BTC.

You have definitely said a good way where people can invest very easily and plan their own way how to arrange their investment plan regularly, I hope many people will find your way useful. As per your suggestions if one makes an investment plan for 3 years and maintains consistency then it is certain that his life will change before the first term is over.

But we find that there are many people who expect leverage too quickly and trade or gamble in which case people lose against profit, ultimately losing the original investment money. It is important to make proper and the right decision.

We have an exception to if we are interested in going all in at once with our investment, this could be only possible when we make the necessary research on the previous performances of the market and the coin we are having in mind, then compare the past to the present and if you could speculate something out of it, whereby it's profitable to buy the dip and invest when the market is extremely bearish, in this situation, you can go all in at once and invest, but never make a mistake of investing on anything else aside bitcoin.

It is therefore mostly advised that when choosing a particular pattern of accumulating our bitcoin asset to hold, we should make use of a pattern that best serves our interest, using DCA or going in at once with the market when it is dip, buying and holding at the bear season is profitable enough provided that we can hold.

The price of Bitcoin is going down to about 10 thousand dollars so many people like you think that now they can get more profit if they invest in Bitcoin. It is true that buying a coin at a relatively low price has a high chance of profit, but an investor who has a long-term plan for his investment and wants to hold his investment for a long time does not wait for a small amount of market dumping. For those who are investors and those who like to invest for long term, you should look carefully and see that many investors have invested even during the 48 thousand dollars.  

Investors who invested at $48K are not regretting this market situation as it is temporary dumping and they will see many more such changes as they hold Bitcoin for a long time. But those who were waiting to invest when the prices come down relatively can start investing now because the market has now moved down a lot. But you will find many investors who will still wait for the market to come down further. That is, those investors will want to invest if the price of Bitcoin comes back to $29,000. To those who wait too long, I would like to say that opportunities will not come your way and since your plans are long-term, there is no need to worry so much about investing yourself.

Trading is a business and how to trade depends on luck. First you said that trading depends a lot on luck and secondly you said that it is difficult to profit from trading unless you are a professional trader. If you say two different things about the same thing in two lines, which one will we consider acceptable? The first statement is very wrong because trading is not dependent on luck at all, if trading was dependent on luck then traders would not have spent so much time to gain adequate understanding of trading or they would not have worked so hard to understand the market or candle. Trading is a difficult thing but those who accept it as difficult and keep trying even after the loss and who keep trying one after another risking money are very successful in trading. Trading is difficult for those who understand about trading, but for those who have no idea about trading, trading means buying a coin by seeing the relative dumping and selling when it increases a little, that is, it is easy for them. When you know enough about trading you will not say that trading depends on luck.

If you have a long-term investment plan and if the price goes up or down, even if you plan to increase your investment, pumping or dumping the price of Bitcoin won't affect you much. Yes it is true that there is ample opportunity to increase one's investment when the value of the coin goes down but not everyone wants to see the value of that particular coin go down gradually after making the investment.  

It is the year 2024 which means you will hold the investment till 2025 which means one more year. It is certain that the price will change a lot in this one year, but no matter how much pumping or dumping you see in the market, you should not get excited at that time. You must be patient and focus on keeping your investment for a long time. I hope your objective will be successful.

Yes, those who can show saving attitude can be generally successful. It is not possible to get much from bitcoins by people who have the money but are not willing to deposit it. Of course he has to make some sacrifices.

On the other hand, it is also true that if someone is somehow interested in bitcoin savings but if he does not have financial solvency then he will not be able to keep that money in bitcoin after some time. In this case he may fail to accumulate bitcoins despite having his desire.

DCA is a suitable method for storing Bitcoins those who lack of financial ability and for both those who are financially sound. Following this method even a low income person can increase his bitcoin portfolio if he wishes.

I completely agree with you. Putting $100 into BTC every week for the past 3 years even when the price was high would have made a lot of money. The person would now have around $22,320 worth of BTC from an initial investment of $15,700. This is impressive considering the amount of money they had to spend. It shows that investing for a long time and putting money into BTC regularly is a good idea. Overall this strategy worked well for the person.

When you think that building your emergency funds is a waste of time, then you have already started failing in your bitcoin journey. It is good to have our emergency funds as our priority, because that is what will give us the confident to invest aggressively, if the emergency funds  size is large. For a start, you can have 3-6 months emergency funds on ground, so that when you start DCAing, you know that you have already put everything in place that will prevent you from selling your bitcoin. This is why even though our emergency funds is there, we should also consider building it along side with our investment, so that a time will come when you have seen how large your emergency funds is, you can stop and focus more on DCAing or lmit the amount that you are putting on your emergency funds and increase your DCA amount.

It is good that your bitcoin investment and emergency funds are equal at some point, before you can decide to invest aggressively when you know that there wouldn't be any unforseen scenerio that will play out, that will be able to exhaust all your emergency funds at once, because sometimes, the emergencies might not play out. When investing alway prepare for the worst, so that it wouldn't be a problem when the worst happens.

Emergencies are expenses that you don't plan for, you might lose your job, or like JJG said, the roof of your house might pull off, and these are important things that must be taken care of to avoid it from escalating to more expenses. Also health challenges and sickness can come up anytime. Monthly expenses are those needs that are very important to us and they must be taken care of through our budget. It is good that an investor should be able to balance both his emergency funds and his bitcoin investment portfolio in other to be on the safer side. However, everyone has the choice of amount that can serve as his emergency funds based on his own situation. As a starter, if your emergency funds is not strong to hold the emergencies that arise, you will end up using your bitcoin to take care of your emergencies, because you might be unlucky that your emergency at that time might be way too high for you to overcome. However our emergencies varies from time to time.

While waiting for long time as much as six months to build your emergency funds before investing would be a really slow process for me and also a lot can happen between the time he/she wishes to start investing and the six months of waiting to build your emergency funds up before you start investing, since we are talking about possibilities, we could also consider that the newbie could get tired or even use the money for something else, or something more realistic this individual may start to be confused on when his emergency funds would be large enough to start investing.

So my advice would be same as always advice on this thread, start investing with DCA even if it's a small amount then use a percentage to build up your emergency funds, but let's also consider that this newbie might not know very well how to chuck down his expenses to save more or use other strategies. Let's consider this example, this person earns about 200$ every month and has not built or have any savings prior to him making his decision to invest in bitcoin.
And he choses to allocate up to 25% of this earning into DCA as a start, he could instead divide his allocations Into 10% for DCA and 15% for building up his emergency funds or vice versa.

This way his emergency funds would be ahead of his investment while he finds out how he can fix his overall monthly or weekly expense and allocate more to his DCA or his emergency funds. And when he feels comfortable with how much he has in emergency funds then he could either decide to allocate all 25% to DCA  and set hi.self on track or use that 15% for dip buys or any strategy he favours.