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Topic: Buy the DIP, and HODL! - page 402. (Read 108308 times)

hero member
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September 20, 2023, 01:42:11 PM
It seems that you are getting DCA mixed up with other kinds of investing (such as lump sum investing), because DCA overcomes each of those items in your list because once you get started, then DCA makes it easy to overcome each of the items, because all you need to do is pick an amount.. $100 per week set it and forget it..... and if you think that $100 per week would cramp your lifestyle too much, a different amount could be chosen.
We can determine the amount that can be allocated for DCA needs based on weekly or monthly income, at least an investment allocation of $30-50 can be reached by all economic classes for the lowest amount to realize the DCA strategy per week.
Even though this figures are realistic, to truly demonstrate the power of compounding and little beginning, we could go as low as $10 per week and spread it over five years. This will achieve the same result and the person performing the DCA will not even know he was spending money on anything... his lifestyle, expenditure and everything will be going smoothly, without any financial stress meanwhile he will not even know he is making futuristic investment that can even be his greatest achievement.

If I want to teach somebody about Bitcoin and how to start investing in it, I will simply teach them to apply DCA with as little as $10 per week. Irrespective of the social status or the asset class, this is feasible and affordable and there is high chance I will be able to convince the person instead of telling someone to invest huge amount of money at one.

Like it has been abundantly emphasized here, the DCA method is truly the game changer for those who want to make maximum use of the opportunities offered by Bitcoin, it handles all the psychological hindrances that many people face in Bitcoin accumulation and management.


I think what I noticed and experienced from some investors or some people is that since they had missed the previous opportunities for not investing when the price were very minute they thought they could cover it at a go but, this is where they are getting it wrongly because rushing to invest what they didn't know the whole concepts might likely lead them in a bigger lost and in a higher risk without applying technicalities.

Another one of those technicalities are the DCA pattern it is the best way to kill fear and invest seamlessly without having to incur much lost or feeling that one is wasting their resources into what they didn't found profiting at the moments especially when it involves of teaching newbies or trying to lecture people on how they could go about their bitcoin investment journey. At my earlier age the DCA also helped me alot and I was able to accumulates as little as I can without attaching much feeling to it or without going under financial destress or do I say pressure before I sudden upgraded my knowledge towards having save from my paid which I don't feel it anymore because I know bitcoin a valuable assets which (In me I don't think anyone should missed it) without at least having some portion of it in their wallet for purposes as I believed tomorrow is pregnant who knows we could find a bitcoin at $1m.
DCA is applicable to timing and this timings have to be allocated with a certain amount of $ to be invested in Bitcoin at every bits and when we have a discounted price, Bitcoin accumulation is my risky if you go all in at once to buying a lump sum as stated by jj which is very correct and we must know that there is no late coming in DCA so there os no need to engage in over buying of Bitcoin at once that could effect our overall mindset and motivations to continue holding and accumulating.
Maintaining a consciousness of proper allocated sum and time in our DCA approach help us to minimize every opportunities that the market present without going too overly and also being up to date with our amount accumulated on a long stretch of time.
hero member
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September 20, 2023, 12:37:40 PM
I get the point now, even with the use of DCA strategy without the plan for emergency funds investment could go very bad were as  you could be lack of funds when emergency needs will arise and as such you will be left with no option but to sell from your investment, perhaps I overemphasize DCA on one direction which is to solve the problem of overinvesting and risk management for accumulating a bit by bit forgetting the need for emergency funds which is very important and essential which will help and spice up DCA strategy knowing fully well that as your accumulating using DCA method your also adjusting to your emergency funds.
After all, emergency fund is something that is important in financial management so regardless of whether we invest or not, emergency fund should always be there and should have a part of the income that we get from our salary or business.
Therefore, I sometimes do not really agree with most people who put the emergency fund post but used for investment, even though it can be done because in the end if our emergency fund is not used then it can be used as one of the additions to maintain our investment but in this case the main function of the emergency fund is not used for that.
Investments, especially DCA, should be budgeted in advance from our income and must distinguish which one is used as an investment and which one is used as an emergency fund, do not let it be equated because in my opinion the calculation becomes a little troublesome if it is equated and can interfere with each other's needs both in investment and emergency funds that are prepared.
sr. member
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September 20, 2023, 11:58:30 AM
You can still end up overinvesting and getting your self into the same kind of lack of an emergency fund, even with DCA.

DCA does not completely reduce the problem of overinvesting, but surely it can manage the overinvestment temptations that cause people (maybe moreso newbies, but it can happen to anyone who is overly investing and not sufficiently preparing emergency funds and projecting out cashflows for a sufficient amount of time in advance)..
I get the point now, even with the use of DCA strategy without the plan for emergency funds investment could go very bad were as  you could be lack of funds when emergency needs will arise and as such you will be left with no option but to sell from your investment, perhaps I overemphasize DCA on one direction which is to solve the problem of overinvesting and risk management for accumulating a bit by bit forgetting the need for emergency funds which is very important and essential which will help and spice up DCA strategy knowing fully well that as your accumulating using DCA method your also adjusting to your emergency funds.
In this scenario, it depends on whether overinvesting means you've used your emergency fund or this month's rent for your investments. If you require these funds for your bills, it's advisable to withdraw them. Tightening up and assuming you'll be fine even if you lose these funds is not recommended. In my opinion, dollar-cost averaging requires less effort, and it spreads out the risks, effectively removing the emotional aspect, including the risk of overinvesting.

What could lead someone to overinvest when practicing dollar-cost averaging? If a person is using their emergency fund, they are no longer employing dollar-cost averaging, instead, it becomes a direct investment whenever they have cash available. Dollar-cost averaging is explicitly periodic, with investments made at set time intervals, not whenever funds are available. It can be seen as a form of market timing because you're holding back money from investing in order to invest it at a different time.

One of the advantages I find in dollar-cost averaging is that the amount you're investing typically isn't significant enough to cause anxiety about your investments. Constantly adding a small amount can be easily overlooked as you consistently follow this approach.



sr. member
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September 20, 2023, 11:49:39 AM
You can still end up overinvesting and getting your self into the same kind of lack of an emergency fund, even with DCA.

DCA does not completely reduce the problem of overinvesting, but surely it can manage the overinvestment temptations that cause people (maybe moreso newbies, but it can happen to anyone who is overly investing and not sufficiently preparing emergency funds and projecting out cashflows for a sufficient amount of time in advance)..
I get the point now, even with the use of DCA strategy without the plan for emergency funds investment could go very bad were as  you could be lack of funds when emergency needs will arise and as such you will be left with no option but to sell from your investment, perhaps I overemphasize DCA on one direction which is to solve the problem of overinvesting and risk management for accumulating a bit by bit forgetting the need for emergency funds which is very important and essential which will help and spice up DCA strategy knowing fully well that as your accumulating using DCA method your also adjusting to your emergency funds.
The essence of DCA is to eliminate the tendency of investing under duress such as forfeiting your basic needs so you can buy bitcoin. This might not be the best approaching as it can drain you psychologically and even deny you peace of mind. The reason for accumulating wealth is for the peace and comfort it brings, this means that any method you are adopting that does not give you this peace can never be regarded as DCA. Howbeit, we can make acceptable sacrifices to be able to secure the future but we should be able to have some limits.

When you hear DCA, the first thing that should come to your mind is buying Bitcoin in a way it will not affect your urgent needs. Like JJG have said, DCA can help you manage the problem of overinvesting because it does not require buying at bulk


Your frequently going through a need to cash out of some assets that you do not want to is likely a sign that you are overinvested in those assets and/or your emergency fund is not large enough.. and sure, you likely already know that... but you might be spending a bit too much time trying to make sure that your value is "working" and then you end up overdoing it and not having enough of the "nonworking" asset/currency that you need to pay your expenses.
I have been in this situation before, where I was frequently selling my Bitcoin to meet basic needs. Until today, I never realized it was poor planning that got me into that situation. There was never emergency funds in place because I just bought the Bitcoin when I had huge amount of money thinking I will save it for the future.

That may be a very good goal for the future, but it shouldn't burden us in the present, as we still have to live our lives and figure out how to keep our investments from getting distracted by other things due to a lack of measured planning.

To be honest, some people are too busy planning for the future that they actually forget to live now. It is very important we plan for today as well as the future so that we do not use the money we saved to threat sicknesses caused by negligence of today's needs of our body and health. Applying DCA is one sure way of investing while also taking care of present needs.
sr. member
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September 20, 2023, 07:52:15 AM
You can still end up overinvesting and getting your self into the same kind of lack of an emergency fund, even with DCA.

DCA does not completely reduce the problem of overinvesting, but surely it can manage the overinvestment temptations that cause people (maybe moreso newbies, but it can happen to anyone who is overly investing and not sufficiently preparing emergency funds and projecting out cashflows for a sufficient amount of time in advance)..
I get the point now, even with the use of DCA strategy without the plan for emergency funds investment could go very bad were as  you could be lack of funds when emergency needs will arise and as such you will be left with no option but to sell from your investment, perhaps I overemphasize DCA on one direction which is to solve the problem of overinvesting and risk management for accumulating a bit by bit forgetting the need for emergency funds which is very important and essential which will help and spice up DCA strategy knowing fully well that as your accumulating using DCA method your also adjusting to your emergency funds.
Or it can be said that a good strategy like DCA will be an unprofitable strategy if it is not done well or does not have a good plan. I understand that some people may feel so excited about investing that they start to overlook things that they shouldn't overlook. That may be a very good goal for the future, but it shouldn't burden us in the present, as we still have to live our lives and figure out how to keep our investments from getting distracted by other things due to a lack of measured planning.
hero member
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casinosblockchain.io
September 20, 2023, 06:13:20 AM
I think what I noticed and experienced from some investors or some people is that since they had missed the previous opportunities for not investing when the price were very minute they thought they could cover it at a go but, this is where they are getting it wrongly because rushing to invest what they didn't know the whole concepts might likely lead them in a bigger lost and in a higher risk without applying technicalities.

Trying to make up for losses and then adding more risk in order to make up for losses is not a good mental or financial framework. because strategies should be made in ways that do not devolve into gambling.. even if you might have made a big loss.. I think that another name for continuing to double down is Martingale betting.. so surely sometimes it does work, but sometimes it gets to become so big that there is no way to recover from it... or maybe the losses become so great that it takes years to recover, even though there was no real reason to be taking the risks in the first place, but then when the mistakes are made they just keep doubling and doubling and doubling.. and sometimes it ends up working and other times, it ends up with a forced stop..and having to start from a reckt position.. which might mean never recovering or perhaps taking several years to recover... depending on how soon that the person might have decided to give up rather than keeping on going.

This is the most challenging thing to do especially those who so much values their money, and the Martingale betting theorem is sometime that can be very frustrating (this theorem only applicable to those who has a stable income) to keep up doubling doubling doubling otherwise, those who are trying to brace up and to filter out their little savings in order to meet up with their accumulation processes can never or would find it very difficulty in adapting that Martingale betting theory as I believe it take an extra mile (mind) to keep losing while one continuously doubling the lost.

However whomever that is determined to make progress and success can never see it as a much challenging task haven known the value of what they are venturing into in general, that is why whomever that gets to their reckt position always finds it very difficulty trying to restore back from the beginning as a fresher then they would learned from their mistakes and I don't doubt such people always turned out the best in the market since they are learning from experience.
sr. member
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September 20, 2023, 04:55:21 AM
You can still end up overinvesting and getting your self into the same kind of lack of an emergency fund, even with DCA.

DCA does not completely reduce the problem of overinvesting, but surely it can manage the overinvestment temptations that cause people (maybe moreso newbies, but it can happen to anyone who is overly investing and not sufficiently preparing emergency funds and projecting out cashflows for a sufficient amount of time in advance)..
I get the point now, even with the use of DCA strategy without the plan for emergency funds investment could go very bad were as  you could be lack of funds when emergency needs will arise and as such you will be left with no option but to sell from your investment, perhaps I overemphasize DCA on one direction which is to solve the problem of overinvesting and risk management for accumulating a bit by bit forgetting the need for emergency funds which is very important and essential which will help and spice up DCA strategy knowing fully well that as your accumulating using DCA method your also adjusting to your emergency funds.
member
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September 20, 2023, 02:31:27 AM

By Newton's Law of physics, a body will continue in it's state of rest or uniform motion unless it is acted upon by external force. This law of inertia also apply to humans in a way. Some people will continue to expect dips and further dips until there is an obvious sustained bullish regime. This is how some people are wired. I do not consider this a defect rather, I see it as a demonstration of our uniqueness.  So, even though it may not seem realistic to you there are those who are convinced that price will dip further irrespective of it being oversold or not. What I have described is not peculiar to newbies, there are conservative old hands who still display this tendencies.  

I don't know Bro what are you trying to say here you are giving Newton's Law of physics and relating it to the virtual assets i'm not trying to point out anything like your example fit here accurate here or not like bro its digital world physics example fits more accurate in physical world i think... or Maybe i am not getting what you are trying to say.

What? How comes... Why you can't get the point he's trying to explain? I think there's a term called a sense of humor buddy you need to work on it, I think Odohu knows that the law of the physical world can be exaggerated in the digital/virtual reality, but as far as it is concerned we all know our digital world is inspired by the real-life concepts.

Here the buddy is trying to explain the physiology of the people who believe in the market momentum, who believe that there will be further and further dips as he expressed it by the uniform motion in Newton's law and for the second property of intervening of second entity could only stop it means that the sentimental change in the market. As per your analysis market will sentimentally take a further dip, but Odohu is trying to say we can be so sure about the sentiments, at least I would like to agree with him in the current situation.

In a few words, he's expressing the price movement psychology of people with Newton's law, where I would endorse his view.



Ending the expression here, I would like to put forward my views on the current market situation, the Death Cross, Interest rate hiking, and other indicators with the market past few weeks sentiments I do believe maximum sentiments are bearish and this Pump makes no TA sense or Sentimental sense, I would simply call it the manipulation. At the same time, a couple of hours are important from now on.


You can still end up overinvesting and getting your self into the same kind of lack of an emergency fund, even with DCA.

DCA does not completely reduce the problem of overinvesting, but surely it can manage the overinvestment temptations that cause people (maybe moreso newbies, but it can happen to anyone who is overly investing and not sufficiently preparing emergency funds and projecting out cashflows for a sufficient amount of time in advance)..

Hmm, It really depends on how they execute the DCA, more likely 90% of the DCA supports or beginners execute it in the wrong way. Aggressive accumulation is not good at all, even if it's done with the DCA, You should shape it into the smart DCA with your own decision-making power.
legendary
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September 19, 2023, 08:28:19 PM
I remembered someone commented on this thread that he is using DCA to buy and at this same time, he setup some funds for buying at what he considers as dip... I guess that is what @snowpega is doing. Like you said, anyone following this approach should be prepared not to beat himself up if Bitcoin price did not follow through as they expected.  
just to mention you again by the this thing already has been discuss i think you did not read my previous So, As per yesterday discussion what i have learned that not hoping too much from market which i get to learn from @JayJuanGee i used to think i just wait for some time to see kinda dips in market which now i think was not good for me. In this way a term, which is highly used FOMO (Fear of missing out) we prey of it. after that what left? we have to repent of the price we just miss out TBH the same thing happened with me yesterday when the Price of Btc was about 26k500$ i was aspecting it to go about 25k800$ but what happen? Totally opposite BtC price goes up at touch to 27k200$ this is what i learn never makes too much hopes from market.

Holy fucking shit.

Don't be getting too worked up @snowpega when it comes to BTC price moves that can go in either direction in shorter time frames.. and even lasting for several months going in directions that are not expected and staying there for longer than expected and staying there for longer than expected. Any of our preparations should be both attempting to prepare for BTC price volatility, but expecting that it is going to take place and we do not have many ideas about the short-term price direction.

By Newton's Law of physics, a body will continue in it's state of rest or uniform motion unless it is acted upon by external force. This law of inertia also apply to humans in a way. Some people will continue to expect dips and further dips until there is an obvious sustained bullish regime. This is how some people are wired. I do not consider this a defect rather, I see it as a demonstration of our uniqueness.  So, even though it may not seem realistic to you there are those who are convinced that price will dip further irrespective of it being oversold or not. What I have described is not peculiar to newbies, there are conservative old hands who still display this tendencies.  
I don't know Bro what are you trying to say here you are giving the Newton's Law of physics and relating it to the virtual assets i'm not trying to point out anything like your example fit here accurate here or not like bro its digital world physics example fits more accurate in physical world i think... or Maybe i am not getting what you are trying to say.

Surely price momentum is a thing in bitcoin, too... and whether or not the momentum has changed is not necessarily easy to determine in advance, even when some people think that they either got it figured out or they think that they know the direction that favor the odds.  They frequently get it wrong... which is part of the reason to prepare (both financially and psychologically) for either direction, even if you believe that you have high odds in favor of one direction over another.

The guarantee of a monthly cash inflow gives us ease of mind. We can think clearly because we don't need to think about our monthly expenses. Saving a portion of our wages and investing them for long-term growth gives us confidence about our future, and we think of ourselves as cleavers and long-term visionaries. When things turn against them, they think of themselves as stupid; this is human nature.

Not to use your investment (in bitcoin) when emergencies arise is a strong statement but not a practical one. When people don't have money to cover emergency expenses, they tend to sell their assets. If you are investing in bitcoin as a retirement plan, then you should not sell it, but in times of emergency, your senses will tell you to sell it.
I would say if you are thinking for long-term and Also doing BTC accumulation its good idea. in case if it is me who is doing BTC accumulation i would never withdraw my BTC until i reach my planned goal. I think this time is very smart we also need to smart as we know this is the time where alot of people having good cash inflow by doing from different kinda online jobs and physical jobs as well.

they just need to prepare themselves  to overcome their emergency situation somehow So that they need not to withdraw their accumulated BTC in the form of funds as emergency situation.

Generally speaking, you seem to get the point which is you do not want part or all of your BTC to be serving as part or all of your emergency funds unless you are both in sufficiently high profits with the BTC and/or you have exhausted all other funds.. so usually you are going to want to have an overwhelming majority of your emergency funds in an asset/currency that is mostly (or closely) denominated in the currency that your expenses are denominated.. or that is appreciating (or holding value) at a better rate than the currency that your expenses are denominated.

[edited out]
The only thing that can resolve our emergency needs is money. As I have mentioned, it is easy to say that I won't touch my BTC holdings if any emergencies arise, but it is hard to do if you don't have any side income or any other source to assist you in resolving that issue. This happens to me many time. I tried my best not to sell part of my holding, but the situation forced me to do that.

Your frequently going through a need to cash out of some assets that you do not want to is likely a sign that you are overinvested in those assets and/or your emergency fund is not large enough.. and sure, you likely already know that... but you might be spending a bit too much time trying to make sure that your value is "working" and then you end up overdoing it and not having enough of the "nonworking" asset/currency that you need to pay your expenses.

The only thing that can resolve our emergency needs is money. As I have mentioned, it is easy to say that I won't touch my BTC holdings if any emergencies arise, but it is hard to do if you don't have any side income or any other source to assist you in resolving that issue. This happens to me many time. I tried my best not to sell part of my holding, but the situation forced me to do that.
Truly is only money that can solve our emergency but in most cases over aggressive accumulating can lead to lack of funds were as an emergency that needs money could come out and at that time your left with no money to solve the problem because you have spend all your funds on accumulating, as such you maybe left with no option but to sell off some of your Bitcoin and at that point it could be that the price is a bit lower than your entry point so you end up losing which is a wrong strategy for investment, so this is one of the reason why DCA strategy was introduced because of scenario like this, if you had use DCA strategy you would have not gotten to this stage it would have helped you on risks management as such allowing you to be accumulating a bit by bit with a small amount of dollars while you save the remaining ones for emergency like this and by that time your investment is safe.

You can still end up overinvesting and getting your self into the same kind of lack of an emergency fund, even with DCA.

DCA does not completely reduce the problem of overinvesting, but surely it can manage the overinvestment temptations that cause people (maybe moreso newbies, but it can happen to anyone who is overly investing and not sufficiently preparing emergency funds and projecting out cashflows for a sufficient amount of time in advance)..

I personally think that the thing that allows BTC accumulators to be aggressive in their bitcoin accumulation while not going overboard is to study each of their 9 factors as I mentioned in my earlier post, and some of those factors are more important to learn than others, and the better that s/he knows those 9 factors and to make adequate preparations, then the more aggressive that s/he is likely going to be able to be... and surely the devil is in the details and it can take a long time to make sure that you are adequately preparing for both regular expenses and emergency expenses and sufficiently trajectoring that out for an adequate period of time to really be able to assess how aggressive you can be without going beyond what you should be doing (which is also known as gambling.. there is a bit of a sliding scale.. and also a bit of a unclearness in terms of when you have crossed over the line which means that you might not know that you crossed over the line until it is too late).

I think what I noticed and experienced from some investors or some people is that since they had missed the previous opportunities for not investing when the price were very minute they thought they could cover it at a go but, this is where they are getting it wrongly because rushing to invest what they didn't know the whole concepts might likely lead them in a bigger lost and in a higher risk without applying technicalities.

Trying to make up for losses and then adding more risk in order to make up for losses is not a good mental or financial framework. because strategies should be made in ways that do not devolve into gambling.. even if you might have made a big loss.. I think that another name for continuing to double down is Martingale betting.. so surely sometimes it does work, but sometimes it gets to become so big that there is no way to recover from it... or maybe the losses become so great that it takes years to recover, even though there was no real reason to be taking the risks in the first place, but then when the mistakes are made they just keep doubling and doubling and doubling.. and sometimes it ends up working and other times, it ends up with a forced stop..and having to start from a reckt position.. which might mean never recovering or perhaps taking several years to recover... depending on how soon that the person might have decided to give up rather than keeping on going.
sr. member
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September 19, 2023, 08:05:06 PM
Well, in this 1 day I was a little relieved because BTC went up and several of my mainstay coins, especially BTC, had fallen. It's time to monitor the market again and readjust the DCA strategy to make it even more optimal and feel the flexibility of installment trading with this method even though I still don't have much funds.
If you like installment trading because current market conditions have made it possible to do so, I think you will find it difficult to adjust. Because buyers who use DCA don't need to trade in installments or daily just to hunt for small profits for a moment, but try to hold it until the price of Bitcoin really looks bigger than it is now even if they have to wait a long time for that. However, I think it is still enough for those who want to continue doing DCA without having to release it through trading, because when the price increases it will become increasingly difficult to continue buying gradually, especially if the capital is not much.
hero member
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casinosblockchain.io
September 19, 2023, 07:50:36 PM
It seems that you are getting DCA mixed up with other kinds of investing (such as lump sum investing), because DCA overcomes each of those items in your list because once you get started, then DCA makes it easy to overcome each of the items, because all you need to do is pick an amount.. $100 per week set it and forget it..... and if you think that $100 per week would cramp your lifestyle too much, a different amount could be chosen.
We can determine the amount that can be allocated for DCA needs based on weekly or monthly income, at least an investment allocation of $30-50 can be reached by all economic classes for the lowest amount to realize the DCA strategy per week.
Even though this figures are realistic, to truly demonstrate the power of compounding and little beginning, we could go as low as $10 per week and spread it over five years. This will achieve the same result and the person performing the DCA will not even know he was spending money on anything... his lifestyle, expenditure and everything will be going smoothly, without any financial stress meanwhile he will not even know he is making futuristic investment that can even be his greatest achievement.

If I want to teach somebody about Bitcoin and how to start investing in it, I will simply teach them to apply DCA with as little as $10 per week. Irrespective of the social status or the asset class, this is feasible and affordable and there is high chance I will be able to convince the person instead of telling someone to invest huge amount of money at one.

Like it has been abundantly emphasized here, the DCA method is truly the game changer for those who want to make maximum use of the opportunities offered by Bitcoin, it handles all the psychological hindrances that many people face in Bitcoin accumulation and management.


I think what I noticed and experienced from some investors or some people is that since they had missed the previous opportunities for not investing when the price were very minute they thought they could cover it at a go but, this is where they are getting it wrongly because rushing to invest what they didn't know the whole concepts might likely lead them in a bigger lost and in a higher risk without applying technicalities.

Another one of those technicalities are the DCA pattern it is the best way to kill fear and invest seamlessly without having to incur much lost or feeling that one is wasting their resources into what they didn't found profiting at the moments especially when it involves of teaching newbies or trying to lecture people on how they could go about their bitcoin investment journey. At my earlier age the DCA also helped me alot and I was able to accumulates as little as I can without attaching much feeling to it or without going under financial destress or do I say pressure before I sudden upgraded my knowledge towards having save from my paid which I don't feel it anymore because I know bitcoin a valuable assets which (In me I don't think anyone should missed it) without at least having some portion of it in their wallet for purposes as I believed tomorrow is pregnant who knows we could find a bitcoin at $1m.
sr. member
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September 19, 2023, 06:54:43 PM
The only thing that can resolve our emergency needs is money. As I have mentioned, it is easy to say that I won't touch my BTC holdings if any emergencies arise, but it is hard to do if you don't have any side income or any other source to assist you in resolving that issue. This happens to me many time. I tried my best not to sell part of my holding, but the situation forced me to do that.
Truly is only money that can solve our emergency but in most cases over aggressive accumulating can lead to lack of funds were as an emergency that needs money could come out and at that time your left with no money to solve the problem because you have spend all your funds on accumulating, as such you maybe left with no option but to sell off some of your Bitcoin and at that point it could be that the price is a bit lower than your entry point so you end up losing which is a wrong strategy for investment, so this is one of the reason why DCA strategy was introduced because of scenario like this, if you had use DCA strategy you would have not gotten to this stage it would have helped you on risks management as such allowing you to be accumulating a bit by bit with a small amount of dollars while you save the remaining ones for emergency like this and by that time your investment is safe.
legendary
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September 19, 2023, 04:34:43 PM
You can do it when you are really ready to do it. Just like this, just put your level of confidence in Bitcoin first, because if you can't control your lust for the profits that come your way, then you are not ready to enter the long-term investment zone like JJG did. I see almost everyone doing DCA for their long term investments but they don't have a strong mentality to hold it in the long term because they exit when they are already making a profit.

I think you have to learn step by step first to prepare yourself mentally for long-term investment. DCA really supports you in accumulating BTC in each Quartel if you make purchases in each Quartel, but you have to have a level of confidence in the long term early. So with what you said it seems like you are still waiting for your salary from your office to buy BTC. of ​​course that is a pretty good decision and I think do it based on the percentage that you have, divided into your financial interests for living needs and for investing in Bitcoin.
As nothing is actually ever simple in this world to do especially when it comes to field of financial stability same thing applies to actually successful holding your Bitcoin and it's another case if you are accumulating through DCA, why? Well because it's not an easy task and most people actually just give up at the long run of it because of so many reasons and here are some.
---lack of discipline
---wrong financial income or none at all
---No proper planning
--- procrastination
--- impatient
Before anyone can properly practice DCA and still hold on to their investment for a long period these certain barriers are to be broken.
Everyone who has decided to invest in the long term of course has planned well in advance. So in my previous review I said that they must be ready to throw away their thoughts/desires to take advantage quickly because if they can't do that, then the list you mentioned will not be in line with what I have mentioned. The list of items mentioned is a basic list that they have prepared to run their investments in the long term. Well, like the financial aspect (JJG has said that if you can't allocate $100 for investment every week then you can reduce it by adjusting the income you get). Another interesting list for me is the level of patience (patience is the main principle that they must have every time they invest, whether in Bitcoin or other investments, because achieving success is always accompanied by patience).
So on other points it won't have a big impact, because if you are not disciplined, it won't be a big problem because we make purchases in stages and if you miss 1 stage level it won't be a big problem because you can continue at the next stage.
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September 19, 2023, 03:25:27 PM
Investment is not to trouble ourselves if indeed we are eventually affected by inflation and the worst possibility is that we cannot continue while the DCA is done then I think it will not be a problem because we invest not to trouble ourselves and remember this investment is only as a support for us to enjoy the old age that we hope to be beautiful.
This is the reason why one have to increase his emergency funds and reduce the amount that he is using for DCA. All these is because the person failed to prepare properly before starting his bitcoin accumulation. If not one should also consider some unforseen challenges when investing and prepare funds for that so that you don't end up selling your bitcoin when it isn't your will.

Rather than in the end this will hamper our needs by forcing investment which of course will also not be able to be done properly then I think in this case fulfil the needs of life that we will do first.
If necessary, we can also sell some of the investments that we have built before (if they are profitable) to cover the needs we have so that we can be free from the inflation we receive.
Yea, when we fail to prepare well, there will be no other option that to sell the bitcoin to use to take care of important responsibilities. This why one needs more than one source of income so that no matter the level of inflation it would't affect you from accumulating,but if it does affect you from accumulate, you can stop for a while before things put themselves in shape, rather than selling the little that you have.

As nothing is actually ever simple in this world to do especially when it comes to field of financial stability same thing applies to actually successful holding your Bitcoin and it's another case if you are accumulating through DCA, why? Well because it's not an easy task and most people actually just give up at the long run of it because of so many reasons and here are some.
---lack of discipline
---wrong financial income or none at all
---No proper planning
--- procrastination
--- impatient
Before anyone can properly practice DCA and still hold on to their investment for a long period these certain barriers are to be broken.

It seems that you are getting DCA mixed up with other kinds of investing (such as lump sum investing), because DCA overcomes each of those items in your list because once you get started, then DCA makes it easy to overcome each of the items, because all you need to do is pick an amount.. $100 per week set it and forget it..... and if you think that $100 per week would cramp your lifestyle too much, a different amount could be chosen.

Of course, there is a need to both set up the DCA and there is a need to figure out what the amount is going to be, but there are ways to do minimal levels of work.. and then just let the investment strategy ride for several years, and sure maybe after a few years, there might be some needs to look at how the investment is doing and then to reassess whether further actions might be needed, and if the amount is starting to add up to a lot, then having stake in the game may well motivate further activism in regard to the investment.
I agree with you, DCA method has eliminate those reason that was mentioned by @Danny001, because you have planned to use a certain amount to DCA based on you cash inflow and this makes it a proper plan and discipline on your investing strategy. Someone that procrastinate will never DCA amd wouldn't be able to achieve his goal when he has the money. The people that can procrastinate are those that think they are wise enough to time the dip in bitcoin price or those that want to buy in lump sum. It is a good amount of emergency funds that is needed to enable you with you regular DCA method and not as mentione above ny Danny001
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September 19, 2023, 02:55:05 PM

The guarantee of a monthly cash inflow gives us ease of mind. We can think clearly because we don't need to think about our monthly expenses. Saving a portion of our wages and investing them for long-term growth gives us confidence about our future, and we think of ourselves as cleavers and long-term visionaries. When things turn against them, they think of themselves as stupid; this is human nature.

Not to use your investment (in bitcoin) when emergencies arise is a strong statement but not a practical one. When people don't have money to cover emergency expenses, they tend to sell their assets. If you are investing in bitcoin as a retirement plan, then you should not sell it, but in times of emergency, your senses will tell you to sell it.


I would say if you are thinking for long-term and Also doing BTC accumulation its good idea. in case if it is me who is doing BTC accumulation i would never withdraw my BTC until i reach my planned goal. I think this time is very smart we also need to smart as we know this is the time where alot of people having good cash inflow by doing from different kinda online jobs and physical jobs as well.

they just need to prepare themselves  to overcome their emergency situation somehow So that they need not to withdraw their accumulated BTC in the form of funds as emergency situation.

The only thing that can resolve our emergency needs is money. As I have mentioned, it is easy to say that I won't touch my BTC holdings if any emergencies arise, but it is hard to do if you don't have any side income or any other source to assist you in resolving that issue. This happens to me many time. I tried my best not to sell part of my holding, but the situation forced me to do that.
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September 19, 2023, 02:18:37 PM

I remembered someone commented on this thread that he is using DCA to buy and at this same time, he setup some funds for buying at what he considers as dip... I guess that is what @snowpega is doing. Like you said, anyone following this approach should be prepared not to beat himself up if Bitcoin price did not follow through as they expected.  

just to mention you again by the this thing already has been discuss i think you did not read my previous So, As per yesterday discussion what i have learned that not hoping too much from market which i get to learn from @JayJuanGee i used to think i just wait for some time to see kinda dips in market which now i think was not good for me. In this way a term, which is highly used FOMO (Fear of missing out) we prey of it. after that what left? we have to repent of the price we just miss out TBH the same thing happened with me yesterday when the Price of Btc was about 26k500$ i was aspecting it to go about 25k800$ but what happen? Totally opposite BtC price goes up at touch to 27k200$ this is what i learn never makes too much hopes from market.


By Newton's Law of physics, a body will continue in it's state of rest or uniform motion unless it is acted upon by external force. This law of inertia also apply to humans in a way. Some people will continue to expect dips and further dips until there is an obvious sustained bullish regime. This is how some people are wired. I do not consider this a defect rather, I see it as a demonstration of our uniqueness.  So, even though it may not seem realistic to you there are those who are convinced that price will dip further irrespective of it being oversold or not. What I have described is not peculiar to newbies, there are conservative old hands who still display this tendencies.  

I don't know Bro what are you trying to say here you are giving the Newton's Law of physics and relating it to the virtual assets i'm not trying to point out anything like your example fit here accurate here or not like bro its digital world physics example fits more accurate in physical world i think... or Maybe i am not getting what you are trying to say.


The guarantee of a monthly cash inflow gives us ease of mind. We can think clearly because we don't need to think about our monthly expenses. Saving a portion of our wages and investing them for long-term growth gives us confidence about our future, and we think of ourselves as cleavers and long-term visionaries. When things turn against them, they think of themselves as stupid; this is human nature.

Not to use your investment (in bitcoin) when emergencies arise is a strong statement but not a practical one. When people don't have money to cover emergency expenses, they tend to sell their assets. If you are investing in bitcoin as a retirement plan, then you should not sell it, but in times of emergency, your senses will tell you to sell it.


I would say if you are thinking for long-term and Also doing BTC accumulation its good idea. in case if it is me who is doing BTC accumulation i would never withdraw my BTC until i reach my planned goal. I think this time is very smart we also need to smart as we know this is the time where alot of people having good cash inflow by doing from different kinda online jobs and physical jobs as well.

they just need to prepare themselves  to overcome their emergency situation somehow So that they need not to withdraw their accumulated BTC in the form of funds as emergency situation.


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September 19, 2023, 11:24:01 AM
It seems that you are getting DCA mixed up with other kinds of investing (such as lump sum investing), because DCA overcomes each of those items in your list because once you get started, then DCA makes it easy to overcome each of the items, because all you need to do is pick an amount.. $100 per week set it and forget it..... and if you think that $100 per week would cramp your lifestyle too much, a different amount could be chosen.
We can determine the amount that can be allocated for DCA needs based on weekly or monthly income, at least an investment allocation of $30-50 can be reached by all economic classes for the lowest amount to realize the DCA strategy per week.

Even though I throw around recommended amounts that are $100 per week and then $10 per week as a fallback position, I am ONLY using those kinds of numbers in a kind of framework in which many people should be able to put together some extra money, and I remember in more than 30 years ago, I was fairly new in my investment journey and I was able to set aside $100 or $200 per month, even though the amount that I made was really low back then, and in some sense I figure that more than 30 years later it should be much easier for people to put aside $100 or $200 per month, because the dollar is ONLY worth around 20-40% as much as it was 30 years ago.. depending upon which products/services you are purchasing.

Nonetheless, we cannot presume that people have disposable income, even though an overwhelming majority of people should be able to put themselves into a place in which they have disposable income, which means that the amount of cash coming in on a monthly basis is greater than their expenses on a monthly basis.

If you do not have disposable income, you should not be investing.  If you do not have disposable income, you should be attempting to put yourself into a position in which you have disposable income in order that you will be able to invest.. and yeah, we see bitcoin as a great place to put such disposable income, yet people still have to get to a position of having it before we presume that they have it, even though sometimes with some tweaks people could get to a place that they have disposable income.

Another problem that a lot of people have is that they enter into a lot of debt that they probably should be attempting to get into order prior to investing, but many times, there can be ways to pay down debt and to invest at the same time, but there are needs to put together plans and to attempt to stick to plans when a person might not outright be in a position in which it is reasonable to invest and they have to juggle around their finances in order to invest when probably they should be placing a high priority on getting their shit together.. .. so I hate to preclude people from doing several things at the same time, as long as they are able to have a plan and to attempt to follow it and have a timeline for making progress on getting themselves to a better and more sound financial/psychological place.

We must consistently carry out the DCA strategy until we reach the planned investment target, if we set a target of investing $2.6k in bitcoin every year, so the calculation is that every week we have to invest $50 for 52 weeks.

Sure. Once we have our number, we can attempt to be strict about it, especially if we are reasonably within our budget, including having various cushions in place that are suitable/tailored to our situation.

.. and then just let the investment strategy ride for several years, and sure maybe after a few years, there might be some needs to look at how the investment is doing and then to reassess whether further actions might be needed, and if the amount is starting to add up to a lot, then having stake in the game may well motivate further activism in regards to the investment.
We need at least 2 years to more optimally assess the progress of investment performance, because the DCA strategy is different from instant investments of large amounts, I think DCA investments are like savings for the long term and DCA investment options are very appropriate for converting to bitcoin, even though the market movement category is the highest but Bitcoin price can reach ATH every time after the halving period or more or less within 5 years, I quoted in another thread which stated that who would have thought that we could buy an iPhone 15 with just 0.03 BTC, imagine if you implemented DCA since 2015 then the investment performance progress would be very profitable.

Since bitcoin prices are generally trajectoring UPward in spite of some 2-3 year short-term questions regarding profitability of the DCA strategy, the longer that we have employed DCA, the more that we would currently be in profits, and currently it takes close to 3 years to clearly and unambigously start to be in profits from a strict DCA strategy.  You can play around with the dates on this website, yet I think that the bigger picture does suggest that the longer that you have been in then the better off that you should be so long as you would have followed a strict DCA strategy, and surely people who follow a strict DCA strategy might not even be participating or reading a thread like this, especially since many guys in this thread are figuring out ways to hybrid their DCA strategy or even to abandon DCA in order to employ buying on dips and other strategies that they believe might be able to perform better than a more strict (and arguably mindless) DCA strategy.
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September 19, 2023, 07:15:10 AM
If I want to teach somebody about Bitcoin and how to start investing in it, I will simply teach them to apply DCA with as little as $10 per week. Irrespective of the social status or the asset class, this is feasible and affordable and there is high chance I will be able to convince the person instead of telling someone to invest huge amount of money at one.

Like it has been abundantly emphasized here, the DCA method is truly the game changer for those who want to make maximum use of the opportunities offered by Bitcoin, it handles all the psychological hindrances that many people face in Bitcoin accumulation and management.

Truly DCA is a game changer and it has helped in risk management instead of accumulating Bitcoin with a huge sume of money were as you can easily runs out of money but with the use of DCA you can be able to manage your risk through accumulating using a small amount of dollars, so i totally agree with you, DCA strategy should always be the first thing for a beginners to understand before accumulating,  just like me if I had understood DCA strategy during when I started accumulating it would have been more helpful to me a lot but I'm using the strategy now and is helping me, one good thing about DCA strategy is that let's take for instance your earning $1000 on monthly basis from your salary, using DCA strategy you can set a target by accumulating weekly using $20 wehich we no cannot affect your main capital and before you no in the next ten years you have gotten a good portfolio.
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September 19, 2023, 07:00:21 AM
Like it has been abundantly emphasized here, the DCA method is truly the game changer for those who want to make maximum use of the opportunities offered by Bitcoin, it handles all the psychological hindrances that many people face in Bitcoin accumulation and management.


Well, in this 1 day I was a little relieved because BTC went up and several of my mainstay coins, especially BTC, had fallen. It's time to monitor the market again and readjust the DCA strategy to make it even more optimal and feel the flexibility of installment trading with this method even though I still don't have much funds.
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September 19, 2023, 06:33:52 AM
It seems that you are getting DCA mixed up with other kinds of investing (such as lump sum investing), because DCA overcomes each of those items in your list because once you get started, then DCA makes it easy to overcome each of the items, because all you need to do is pick an amount.. $100 per week set it and forget it..... and if you think that $100 per week would cramp your lifestyle too much, a different amount could be chosen.
We can determine the amount that can be allocated for DCA needs based on weekly or monthly income, at least an investment allocation of $30-50 can be reached by all economic classes for the lowest amount to realize the DCA strategy per week.
Even though this figures are realistic, to truly demonstrate the power of compounding and little beginning, we could go as low as $10 per week and spread it over five years. This will achieve the same result and the person performing the DCA will not even know he was spending money on anything... his lifestyle, expenditure and everything will be going smoothly, without any financial stress meanwhile he will not even know he is making futuristic investment that can even be his greatest achievement.

If I want to teach somebody about Bitcoin and how to start investing in it, I will simply teach them to apply DCA with as little as $10 per week. Irrespective of the social status or the asset class, this is feasible and affordable and there is high chance I will be able to convince the person instead of telling someone to invest huge amount of money at one.

Like it has been abundantly emphasized here, the DCA method is truly the game changer for those who want to make maximum use of the opportunities offered by Bitcoin, it handles all the psychological hindrances that many people face in Bitcoin accumulation and management.
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