Topic: Buy the DIP, and HODL! - page 531. (Read 135854 times)

It was actually quite a smart decision you made going for Bitcoin because sometimes in life focussing on a particular thing to me is not always advice able, in my country were I came from there is a native saying that putting all your eggs in one basket is very risky because if it fell down all the eggs will be broken and one will be left with nothing, so is always good to have other source of investment even if you have a stable portfolio there will come a time when the need to extend investment will come, so reffering back to my school days when they thought us a theory called Theory of Need Authored by Abraham Maslow, he stated that no matter how stable someone is the need to diversify your portfolio to some other things will always come.

How to use the BTC DCA tool
How to use this Bitcoin Investment Calculator
To use this BTC DCA crypto calculator, you will need to follow these steps:

1st point:
Input your investment information: The first step in using this BTC DCA crypto calculator is to input information about your investment goals. This will typically include the amount of money that you want to invest in Bitcoin, as well as the frequency of your investments (such as weekly or monthly). This BTC DCA crypto calculator may also allow you to input additional information, such as your risk tolerance or the length of your investment horizon.


2nd point :
Generate your DCA plan: After you have input your investment information, this BTC DCA crypto calculator will generate a plan for how to invest using the DCA strategy. This plan will typically include the amount of money that you should invest each period, as well as the total amount of money that you will have invested after a certain number of periods.

3rd Point : Use the plan to guide your investments: Once you have generated your DCA plan, you can use it as a guide for your Bitcoin investments. You can use the plan to determine the amount of money that you should invest each period, and track your progress over time to ensure that you are staying on track with your investment goals.

4th point:  Monitor your Bitcoin investment: In addition to using your DCA plan to guide your investments, it is also important to regularly monitor the performance of your Bitcoin investment. You can do this by accessing your investment account and viewing your Bitcoin balance and trade history. This will allow you to track the value of your investment and see how it is performing over time.

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Got the point here, As JJG also tried to emphasize the same thing before, and I got this point from there already but thanks to you too as conditions are not same for everyone as I do not know what the conditions of your country are but the conditions here in mine are too bad. Political leader are next lever corrupt people and those who raise voice are put in jail even our Ex-Prime Minister is put in jail and those who went against that case also put in the jail. TBH things in my country got out of hand. But still, the party which put all of them in jail are now enjoying in UK.

Enjoying their time with girls, point is they could do whatever they want but at least they should provide a voice of freedom. Not to mention media is their pet. Well, I think things are going off topic here as I do not know if I should discuss that much about my country. But my main point was to say things are not easy here and as JJG was saying he has done aggressive accumulation back in 2014 and 2015 and If I was aware of the BTC at that time then it would be easy to accumulate them in compared to this time.

Overall, I did get the point that Lump Sum need big money while DCA could be done using small amounts too, but DCA took long time to book profit while in Lump Sum we could also make instant or quick profit in shorter time.

Not only you but everyone of us need to lay back a d take a read through some of our posts in the history to see where we need to make so.e adjustment and editing a few things to make it fit into current discussions and realities.


Some bitcoin investors have missed the last market sell-off where Bitcoin gave an around $4,000 or so discount from its previous price in the last few weeks, that was another opportunity to buy more and wait for the dip to be over to be at an advantage when the price will move above it present price., most of them that failed to take advantage of the market to buy more are now waiting and anticipating for the price to fall further for them to buy in.

Well I went back to that link that you originally provided

which is this one:   https://dcacryptocalculator.com/bitcoin  ^**

**By the way, To get quick examples of how DCA might play out over several years, I had been using https://dcabtc.com/ and it allows comparisons of bitcoin to gold and equities... but it ONLY allows selecting 9 years at a time (can pick the start date in order to go back further than 9 years and so accumulation period would therefore select the end date but cannot do less than 6 months or even to custom select dates on both ends), so I might start to use your website a bit more, especially if I am wanting to select a time period that is more than 9 years or if there might something that dcabtc.com is not allowing me to do.

I wanted to try to figure it out in regards to when the lump sum investments would have had been made, and surely if you assume too much about when the lump sum investments would have been made, then you might not be reflecting reality both in terms of when cash might be available to anyone and then strategically when the person might choose to deploy the cash that he does end up having available.

Part of the reason that I like to provide some kind of a hypothetical that would involve a newbie to bitcoin, we try to deal with the facts in which that newbie is just coming into bitcoin, and whatever his situation is at the time is what it is, and sure, he might be able to go through his finances and figure out exactly how much he is able to invest into bitcoin, or he might have to go through his finances and figure it out.. which might be a bit of a moving target based upon how his conviction (or lack thereof) might end up changing with the passage of time.

So I am not sure if we can use you as an example Dictator69 because your timeline is so damned short.. I mean you ONLY have a few months registered on the forum.. and so maybe we should make up some other hypothetical that has a longer timeline.... even though that has its own problems in terms of already knowing what the price ended up doing.

O.k.  Fuck it.  Let's do a tiny bit of a compromise scenario that will hopefully allow me to attempt to make the point regarding times in which lump sum amounts might come available.  So let's just randomly pick the last year, and suggest that our hypothetical bitcoiner has been into bitcoin for 1 year.

Let's say that he begun investing in bitcoin last August or perhaps September 1st, to make it a nice round number (date).  He started investing in such a way that he had been studying BTC for several weeks maybe even several months, but at some point near the middle of August, he decided that he had to spend some time figuring out his finances so that he would know how much that he could invest into bitcoin, and maybe he even created a one year plan.  Surely whatever he figured out in August is not going to be the end game, because when he started investing into BTC, part of his decision involved that he would continue to study it while he was investing into it, but the very first thing that he did was to figure out his own situation so that he could get started as soon as possible... setting up accounts or establishing some ways to source his coins (and maybe even looking into other ways, but at least has a place to start to buy regularly).

Let's say that this guy is in his mid to late 20s, so he had already been working for several years and he had some savings.. Not a lot, but he had saved up around $6k that he would like to put all of it into bitcoin (over the next year-ish), he has an income that is around $18k per year, so he has already saved right around 1/3 of his annual income.. which maybe we can imply that he is able to extract around 10% to 15% of his income to make it investable, and he already has somewhat of an emergency fund in place but he knows that he has to add more to it.. because it is only about 1-2 months of his income and he figures he should have more than that in his emergency fund.. all great so far... so if he has between 10% ($1,800/yr or $150/mo  $34.62/wk)  and 15% ($2,700 yr  or $225/mo, or $51.92/wk) then he likely has a cash flow expectation and he has a lump sum that he can choose how to allocate.

He might also already know that about two times per year, he has extra money that comes to him.. perhaps around $1,000 each time (maybe in December and in June), and if he is very strict with his finances, he could inject all of that extra money $1k each time into BTC.

So now I gave enough of the parameters of the hypothetical so there are various ways that we could plug all of them in.

With the initial $6k that he already has, he could choose to lump sum $2k right away and then plug $2k into DCA ($166/mo or $38.46/week) and/or and another $2k into buying on dips (has to figure out the increments and or the spread for that.. maybe $100 for 20 orders every $500 will get him down to a dip of $10k, and of course, he could spread it out more and then just add value to the buying on dip amounts from time to time as money comes in.. but he can project out his whole year for the buying on dips allocation based on what he has figured out for his budget of how much he can put into it )...

When the $1k lump sums come in, he could divide those into three also.. maybe each time he would consider them as 6 months so he has $333.33 lump sum $333.33 ($55 per month or $12.82 per week).

So he could employ these and budget them in advance and then if the numbers end up changing (such as his bonus are slightly different) or some other things change, then he can make adjustments along the way, but he could start right away with amounts that account for each of these categories, and the amount in his budget weekly ends up getting divided into DCA and a buying on dips reserve. and he had to figure out how much to allocate to each.. but he has all the numbers figure out which would be a weekly amount of about $85.90 ($34.62 + $38.46+$12.82) for the 10% scenario, and $103.20 ($51.92 + $38.46+$12.82) for the 15% scenario.  He could do 50/50 for the DCA versus buying on dip, or he could do some other amount that he might consider to be more preferable.  I would probably suggest 50/50 to get used to it and get a feel for it, and then adjust later accordance with how it is working.

Ok. when I started to type this, I was thinking that it was going to be easy, but I can see how there might be some difficulties to figure out the numbers because there are several calculations, and many times we might end up getting  ballpark calculations of these numbers, but if we overly budget how much we put into BTC (and surely if we get distracted into shitcoins) then we might not have enough money to cover everything and we may well end up screwing up our budget because we failed to adequately plan for emergency expenses and we were attempting to be too aggressive with the amounts that we were putting into BTC.


Well, don't be blaming me either when you end up losing all of your money.  


I don't really believe in that rebalancing mumbo jumbo, but of course, there are going to be times in which you might have to figure out the extent to which you have investments in other things besides bitcoin and cash.

Sure you could start with bitcoin and cash, but if you get to 1, 2, 3, 5x your income, you might start to consider whether you might be overexposed to ONLY bitcoin, and that is your own judgement.

When I came into BTC, I already had a pretty decently well diversified portfolio that included at least property, stocks and bonds, and I did not have too many commodities, and I figured that my getting into bitcoin was going to serve some kind of variation of that part (I thought of bitcoin as a kind of gold at the time I got in and/or a substitute for gold, so I never did buy any gold or gold exposure).

So in some sense all of my investments, before I got into bitcoin were  already enough to sustain me if BTC went to zero. so each person has to decide for himself/herself the extent to which s/he needs to own other things.

When I first started investing I did not diversify, so it can sometimes take 10 years or more before you are getting to a level in which you might feel that you need to diversify.  Actually my last charts in this post shows how I have just tended to allow BTC to ride and I did not reallocate out of bitcoin... so as of mid 2022, according to that chart, I was 63% bitcoin.. so it shows going from 0% bitcoin to higher amounts and a lot of that is mostly just changes in the prices of the assets, and bitcoin has grown better than my other investments which have largely had very modest growths and I did not really change those other investments very much.


Well the aggressiveness is to first try to establish a position in bitcoin, so for the first 6 months I gave myself a budget and tried to comply with the budget, and the after the first 6 months, I extended another 6 months, so by the end of the second six months, I had pretty much spent both of those budgets and then at that point I tried to reassess where I was, and that would have been around 10% of my quasi-liquid investment portfolio was in bitcoin, so I figured by that time I had met my target - even though when I started in late 2013, I was not aiming to get to 10%, but by the end of 2014, I figured out that I reached a point in which I thought that I largely had enough BTC, which was the 10% idea but it did not stop me from continuing to accumulate. even though I think that by late 2014 and even all the way to late 2016 I was in a kind of fuzzy transition between accumulation and maintenance.. which I largely consider myself to have had been in maintenance since  - even though there is still some ambiguity because I still accumulate, but it is not really much of a overall mindset of mine and I tend to think of myself in various forms of maintenance since late 2014 being weaker maintenance and then by late 2016 a stronger kind of maintenance... I suppose that they are each categories of maintenance but some differing kinds of ways to deal with it in terms of how I was engaging in the maintenance.. which also has to do with living life.. and figuring out where to get money from.. and to largely let the bitcoin continue to mostly ride.


I came to BTC because I was already looking for something to supplement the stuff that I already had, and one of the things was that I had a 401k and I wanted to try to invest into something that within about 10 or 15 years might be able to be of equal size as the 401k that I already had..and at the same time a kind of hedge against the dollar a kind of gold.. and so that brought me to bitcoin and instead of taking 10-15 years to match my 401k, it took only a few years to do that.. probably by mid-2017-ish


There might be some needs for me to read back through some of my most recent posts to fix some ambiguities.. but I don't tend to edit anything beyond a few hours out or maybe if someone merits a post and then I see the post and as I am reading through it, I see some things that are needing to be clarified... usually trying not to change anything I said but sometimes I find that what I wrote is not very clear when I read back through it.

Inflation is really eating up people's savings globally. Before now, the supposed smart guys who have huge cashflows invested in fixed deposits and treasury bills. It is really depressing for many of them who just realised that even though their investment increased in number, it has actually depreciated in value by more than 50%.

One motivation I have about bitcoin is that it takes care of this inflation and provide us a way of escape. Those of us who have our savings in bitcoin have been proven to be the smart guys indeed. I have the optimism that bitcoin will grow soon so instead of loosing 50% of the value of my asset, I will even be gaining considerable percentage of my money.

Ok I got that, and I did not get into accumulation yet as I shared my situation before with you on this same thread. Well, but if I compare the mindset I had back when I was new here with the mindset I have now, I am more confident about BTC thanks to this thread and specifically to you. (not buttering as members started to criticize in humorous way in WO). And I will start to accumulate BTC soon and I will share the stats with you. But to clarify, I got your point here and from maintenance, did you mean rebalancing? Like first you did aggressive accumulation and then you started to maintain your portfolio is that what you mean by maintenance.

Well, if those normies are taught by a person who have the 20 years of experience then those normies also hold the 20 years of experience. Well, technically that's not possible and I know that but metaphorically a normie who taught or got lessoned from a person having 20 years of experience at least say that I have that much experience but still I am really impressed that you are into investment even before BTC and I think that's why you must came to know about BTC too.

PS: Well, if you do not mind how old are you? You can ignore the question too and I really wanted to know how you got into BTC.
I mean you are talking with many members on different topics and writing that long replies to everyone, even if forget sometimes what I have said to someone so before reading the replies I try to read mine first. Hehe. TBH, I have short memory and I can bet you don't have that problem. And that's a good thing. But still repeating is Ok for me and I appreciate as you could also ignore it as it could save you time but repeated it.

Maybe this is what I quoted.

So for your explanation maybe a little bit good but in this mindset maybe we won't think about options on how we should sell.  lol

I think the argument we have in mind is to buy and hold and not to sell in a short timeframe. This means that the money we invest in the DCA strategy is cold money that we don't use for our living needs. So in this case we can carefully manage at every stage to make a purchase. Apart from that, we do have a high commitment to hold on in the long term, let's say it will be around 10 years.

Got the point and of course when I used that tool (calculator to calculate DCA) I select the frequency first to week and investment to $10 only and I was on lose according to that tool when I set the start date of 2 months ago. Well, the point is the frequency of investing in BTC by doing DCA do provide us the benefit that if we do not have enough funds to invest all at once.

Means, let's say if the investment become $5k by doing DCA and if we have enough funds at the start then we might have preferred to do Lump Sum. But as I do not have that much money at the start so I should prefer to enter the market with less too. I totally got the point here too. And also, I think one might not like DCA while other could.

We need to consider that we will not always have a large amount of funds ready at once, so in this case DCA is possible. Although not all of them are like that, most people, including me, are always constrained by financial conditions and it will be very difficult if they buy btc in large quantities at once so by thinking about things like this, I prefer to make gradual purchases with the time and amount I want beforehand.
This is in order to maintain our consistency in making purchases and in order to maintain the financial condition that we have from income to remain stable and the purchase of bitcoin does not affect the expenses we make every month.


Hey, I don't really agree with saying about the ease of DCA because if we feel DCA and without careful calculations beforehand, such as not having a rule on the amount to be purchased every week / month (in DCA), it will actually make you hassle and stop your DCA because you are wrong. in taking action especially in managing the amount of purchases made.
Apart from that, maintaining consistency in DCA requires struggle and not everyone can do that.

A few things about knowing how to actually buy or sell when we are in DCA, if we really want to be consistent within a certain time frame, we don't think too much about the price when buying, because our commitment is DCA. When the time is set to buy, then use that time. When investing, especially for the long term, we are aware of what to do when and where we will stop, so it won't be too disruptive in the near term, and I'm also not too interested in selling in the near future, especially during DCA.

In most cases people loss out the opportunity to buy Bitcoin even when the market had given them opportunity to buy, though with the Bitcoin price movement consolidating nothing is certain for sure but one could actually utilize the opportunity by structuring his portfolio in such a way that if for example you have $20k total on your portfolio you could actually invest half of it at this current price because you have no idea if Bitcoin will continue the dipp or not so with this you no that even if the market doesn't get to your targeted point and move back up your are likely covered with the first entry instead of losing out completely. So These diagram display the need to strategize on taking advantage of the dip and fly to the moon in the near future.

Therefore, it is important for us to know and plan from the beginning about good financial management so that conditions like this do not bother you too much.
I have said before that bitcoin investment will be better if we budget in the monthly income we have with a few percent aside as a form of consistency if doing DCA in other words the view of buying with "more money we have" is slightly changed in this case so that we know the expenses that we will determine to do DCA.
Regardless of whether DCA is done per day / per week / per month, we have a fixed budget so that it can be used as an initial calculation.
With this condition, apart from us being able to know how much budget we spend, we also know that the income we have from the salary will not make it difficult for us to do DCA because there is already a fixed budget that we determine.

Maybe this sounds a little imposing because we are cutting some monthly budgets but as long as it doesn't bother you and you are not burdened by the income from your salary being cut then I think it's fine and I always do something like this every month.

These may be arguments about semantics, and even though the whole idea might seem a bit trivial, there could be ways that guys go wrong because they take the ideas of consistency and persistency in the wrong direction.

It seems that the idea of consistency first came up in the context of either setting DCA orders on a regular basis and for a regular amount, whether that might be daily, weekly or monthly.  Another way that it came up was in terms of buying on dips or even setting ladder increments, and the example was if you had $1,200 and if you were to set that for buying on dips.. would there be advantages in terms of setting 4 orders equally at $300 each, or might there be advantages in varying them.

If you are talking about how to reach a goal over a whole year, and then having variance in terms of ways that the goals are met, then you seem to be talking about being persistent to make your end of the year goal, but you might not follow consistent practices to reach the goal.. so if you have a $1,200 that you want to invest into bitcoin for the whole year, you could divide that into $100 per month, or maybe around $25 per week even though you would end up at $1,300 if you were to buy all of the 52 weeks of the year, so you could adjust that down to $23.08 in order to stay in a $1,200.16 budget for that year.

Consistency might be to keep investing $23.08 every week no matter what, which thereby would make that weekly buy a priority and maybe that money had already been somewhat set aside in order that it does not cause cashflow issues, so any flexibility that would thereby be needed might come from some other place in the budget..

And, don't get me wrong, I am not even devaluing the ideas of consistency and persistency because sometimes if someone is wanting to reach certain goals they need to set priorities, so they still likely have to set their goals in a a kind of realistic way in which they are able to carry out the goals - and so if the person does not have an adequate emergency fund, then s/he might have had set too aggressive of BTC accumulation goals and they might need to be adjusted downwardly in order to cause them to be more realistic.


I have done all of the things that I talk about, and sure many times they are going to be tailored to the specific situation and depending on what stage someone is in his/her bitcoin journey, so if you are in an accumulation phase, you could be in early, middle or late accumulation which might affect how you might prioritize, and then perhaps if you have been accumulating bitcoin for a while, you may transition to a kind of maintenance and/or liquidation stage.. I consider that I did my most aggressive accumulation between late 2013 and late 2014, and by the end of 2014, I was starting to think that I had enough BTC, but at that time, I could not help myself to continue to accumulate in 2015 and 2016.. and sure I have been accumulating after 2016 too, but not as aggressively as I had done in that first year... and another thing is that even as early as 2015, I was already thinking that I was transitioning into a maintenance stage, but BTC accumulation is not excluded from that, even though some of the priorities and urgencies change.

Another thing is that many normal people (normies) might not be able to go from BTC accumulation to maintenance as quickly unless they might already be starting with an investment portfolio, and I had already largely had been building my investment portfolio for more than 20 years prior to getting into bitcoin, so it was likely easier to reach accumulation targets based on those kinds of considerations.. and it is my sense that many normies still might need to take nearly 20 years to build their BTC holdings, but surely BTC price appreciation could help to cut those BTC accumulation timelines down a lot more than might have had been the case in traditional investments.  Of course, there are no guarantees that screw ups will not end up happening and there still may well be needs for the BTC accumulation times to take as long as they would have had taken through traditional methods... and there are also no guarantees that goals will be reached.. but surely a good thing if goals are actually able to be reached and even surpassed.


Yes.  I repeat myself sometimes.


Maybe I am quibbling with some of the semantics.. .. but I want to say that even though I am selling on the way up and buying on the way down, I am neither claiming to be trading nor selling enough BTC that I have any preferences that the BTC price goes back down..

so personally, I have been saying that the main strategy to attempt to build your BTC stack is to engage in various BTC accumulation strategies until you reach such a level that you are way overly-allocated into BTC and then at that point, you have more options and you may well be in a position to consider selling small amounts of BTC on the way up.;.but you still have to be more careful with any of those kinds of strategies, especially the earlier that you are in your BTC accumulation journey.

Accordingly, I don't consider selling of BTC to be a BTC accumulation strategy or even a good strategy to even be attempting to increase BTC holdings, even though it could be considered a kind of insurance strategy in the case that BTC prices were to end up going back down.... even though the amounts are greatly biased in favor of UP..

Let's say for example I were to have 10 BTC (and I am not even saying this is not a fictitious number), so maybe if the BTC price were to go down $5k from $30k to $25k, in this example, the overall value of my BTC holdings would have had dropped from $300k to $250k, and maybe I might have ended up buying back anywhere between $500 and $2k worth of BTC depending on how aggressively my buy back orders had been set.  Accordingly, what I am saying is that the selling amount and the buy back amounts are not so great to overall affect the overall BTC portfolio size that continues to be heavily biased towards holding BTC.. and a perhaps a kind of maintance of the BTC portfolio size rather than either accumulation and/or liquidation.

It could be the case that I am engaging in a kind of complicated semantics in the way that I am describing some of these selling on the way up dynamics and how those proceeds are used to buy back.. even though to me it seems problematic for people to consider selling BTC to be BTC accumulation strategy - and this thread is meant to be mostly directed towards the ideas of BTC accumulation and holding..  not selling.


The more that we talk about this example, the more unrealistic I start to consider it to be.  Sure, guys do end up coming up with goals regarding how many BTC that they want to accumulate within a certain time period, but part of the reason that the goal seems to be unrealistic is partly due to its being denominated in a salary that you are likely earning in another kind of a currency (not BTC) so there is a cause for way greater variability, so even if you might say that I plan to invest $30k into bitcoin within the next year, then you know how much dollars that you can put in and you know how much income that you have coming in... but yeah, sure maybe it is still be doable to suggest how much BTC to accumulate per month, so long as the amount is not at the upper limits of your capabilities and you have a sufficient amount of cushion contained within the  amount that you are expecting to accumulate each month.

Well of course, the journey as they enter a field will definitely lead them to a process that they have to go through, and with that, there will definitely be a lot of knowledge that they encounter there. Process is a journey that will lead us to development. Now I agree with you that with the development of this very fast era requires us to keep going and balance everything according to today's digital age. When it comes to cryptocurrency I think this is a space that is quite difficult for us to understand, and maybe only a few of them are able to walk to achieve success in the world of cryptocurrency, and I think in the process of living the world of cryptocurrency it really requires seriousness, and it's true as you say that they will take a long time to be able to adapt or fully understand the world of cryptocurrency. If they are willing to learn and have high enthusiasm then I think they will have a chance to succeed in the world of cryptocurrency.
Well that's right, experienced people and also people who have knowledge are certainly very different. someone who has experience he has felt it directly about various processes or difficulties or whatever is there and it will be very different from people who only have knowledge. There are many thick books that we can read to gain knowledge but you will not be able to get direct experience if you just read.

Yes, I agree with this, the knowledge we have is inseparable from the experiences we have. Or even experiences that make us wiser in determining something that we did not encounter before. Moreover, we are talking in a space where we are led to be able to continue to develop in seeing certain situations. The cryptocurrency space, especially bitcoin, is something that we cannot understand with a quick process, and I am sure outside of me many investors have grown along with their experience while in this space.

Sometimes in situations where we have to choose, the person with knowledge will be different from the person with experience. I mean, experienced people will see what they have experienced before, and I think that's a +.

It is very common that you make a plan and within a certain period of time you implement that plan but in between some time your actions to implement that plan are erratic. It is normal for this to happen in terms of personal needs or family needs. I think the big thing is whether we have been able to implement our plan on time. In one month I may need a lot of money and in that month I must deposit some less amount than the specified amount but in the next month when my need of money is less but the amount I kept less in the previous month will be kept in the same amount in the next month as well as the money of the previous month. I can keep in this case that my needs are met and my plans are implemented at the right time.

That's what I mean by flexibility, I feel that even with a well thought out plan, sometimes I still have to change things up a bit because of certain situations that make me have to. It's funny that the DCA that we do has to be sacrificed by selling it like you said. It's better for me to do other things, including allocating the money that I should have used for DCA for unavoidable or urgent needs as I said earlier.


we can set an amount at the beginning, but in practice it can be bigger or smaller than the plan we thought of at the beginning. I'm not emphasizing just when I have an unexpected problem, but I can apply it when I have some money that I can allocate. For example, in a week we plan $100 per week, but at times we can only allocate $10 per week (or a smaller amount). And in other situations I can allocate more than $100 a week (or a larger amount). And that is something that is comfortable (in my opinion), not only can we be consistent, but we also apply flexibility well.


In any case, experience is invaluable, and this is no exception when it comes to realizing the points I mentioned earlier. I didn't realize it right away either, but it has been a long process for me to be able to say things like this.
And if we talk about risk, or the consequences of what we do, then it is very clear that everything has that risk, whether it is a small risk or a big risk. and again it is experience that helps us determine whether the risk is worth taking or we should avoid it.

Planning have an ultimate goal which is the target. In the example you gave which is accumulating 1 BTC in 12 months, the target is 1BTC and the process of achieving that is the plan. The process is not cast in stones as there can be unforseen circumstances, such as you mention,  that could make you adjust a little. But as long as the target is achieved, to me the plan worked. You cannot say because something happened along the line and you made some adjustments to counterbalance it, then you are not consistent in following the plan. Even in economis, for every law propounded, there is always the clause: "other things being equal".


You are absolutely correct and that is what Nwada001 seems to be mixing up. By definition, persistence means pushing through when obstacle arises while consistency means building and following a process, that is repetitive in nature, in order to achieve a target.
Putting it together with respect to his example, it is persistence that is needed to sustain the plan even in the midst of challenges. If I want to accumulate 1BTC in a year with my monthly Salary, and I decide to set aside say 50% of it monthly to achieve that, if perhaps along the line I got another cash from other source that is up to the 50% and decided to double the amount of buying for that particular month, we cannot say I did not follow my plan again. In this case, the plan just got a boost. The target is always the goal while the time can vary a bit.

DCA planning and timing are vital in our journey into achieving success in our bitcoin investment,  this model have taught a lot of investors a maximum level of lessons and also helped to build knowledge on how to study the market to take advantage of every market condition, persistency in your  DCA vs timing are the roadmaps to arriving at a positive destination on the long term base,  and at such,  to be at a safer side during such period,  you need to adjust higher your buy the DIP and HODL more Bitcoin along the way down since at that level you will have opportunities to buy at the low price.

And also apply the DCA at the top which is to exchange from Bitcoin to the USDT and hold more dollars when the price is at the top,  wait for the price to touch down again and buy back.
But such a model also has its own risk and that is why sometimes as an investor you make some adjustments in both your capital holdings and time adjustments.

You have abled to pound the whole definitions and differences nicely in my mind because now I totally understand what makes DCA strict one and fancy one. Totally got the idea and thanks for the easy explanation too. Really appreciate.

PS: just thinking the advice like the three options you mentioned in the second scenario which are Lump sum, DCA and buying on Dips. I mean no offense, but do you also follow these same norms of investing. Means, aren't you are sharing VIP tips to everyone.

Got it.
I already got this point as you explained it with examples in this same reply, Now I understand what strict, soft or hybrid DCA means.
Yeah, I was also looking for an article to read more explanation about the graph but sad I did not find any so I think sharing it might help but still some explanation is must for people like me. Thanks a lot, to you for helping for solving confusions.