Topic: Minimalism in Bitcoin would slow your accumulation process (Read 611 times)

In these chances, this is where risk management comes in. It's very important; we must have plans for when to take profit; it's hard not to have one, which is where most traders get caught up in greed. So, planning is so important in these situations. The plan should not be taken for granted.

Then we should stick to the plan and not change it once we start doing it, because it will ruin our strategy in the end and we might regret it. So we must have a strong decision; that's how simple it is to do.

Maybe I am on the list of such people because this greed has happened to me during this bull run season. I was waiting for the price to drop when BTC was at $26k. The plan at the time was that I would buy BTC when it dropped below $20k. But I can't exactly call it greed, but my brain was refusing to buy BTC at this price. I will stumble, the price will fall further, I will wait for a few days for the price to fall, and I will not buy now. These things used to go through my mind again and again. On the other hand, I was a newcomer to crypto, and at that time I was not even a member of the community, so I was afraid to take risks because I didn't have the right knowledge. I was stuck in FOMO. Some of my friends scared me of losing money, so I didn't dare invest in BTC anymore. And now they finds no other way but to regret.
But I'm happy to think that I started accumulating bitcoins little by little using the DCA method after learning about this forum. And I believe the DCA method will play an effective role in later periods and will yield good profits.

For anyone who is making minimal effort in buying BTC or when using a DCA strategy of investment, they might just profit more if they stay longer rather than withdraw from the investment due to FOMO about speculations and market situations.
One agreed thing is also that, those who have over grown the fear of market volatility or bearish seasons tearing down the value of their crypto holdings are the ones who actually get to HoDL for long and become millionaires.
BTC has a good store of value and I think that's why a DCA strategy will ensure there's profit as long as one doesn't adhere to any FOMO due to whale movements, new policies, regulations, price speculations.

Afterall they say that slow and steady wins the race, so if you DCA with minimal effort at least do it for a longer duration and one key point is to know that nothing beats the power of focus. So if the minimal effort is tied to an achievement or future investment, it would be taken more seriously no matter the stipend and duration, one can wait.

I don't see anything wrong if we talk about our business, especially if it's still under development. It can in fact help it to improve, as long as what we are talking are good things, as it helps us to push more beyond our limits. Life is about building but it's important to have a plan first, so that we will have a such a guide to follow and we can only do some tweaking later on.

Taking profits are not wrong as well, even if it's still small because we may be lacking in money and a profit can also come and go, so it's better if we can just make use of them once they are available. Taking profits affects our investment but it may only be temporary for us to worry.

It is really a good idea buying more bitcoin in your portfolio,like you said the profit you make determine how much you have stuck on your wallet is only advisable more profitable when you get more off Bing because it increases all the time although I understand that the price is not stable but it really a good step when you buy more and keep, but sometimes some people see it risk so they don’t find any opportunity to buy more, but I agree with you because it is a good y

I personally think there is no actual excuse anyone can give for not investing in bitcoin, especially something like its too expensive, yeah it's too expensive but you can start buying it know, you can buy small amount of bitcoin consistently for a long period of time and hat way you would end up having a large stash in bitcoin too,  if companies practice this, so yeah retail investors should put more efforts in accumulating more bitcoin for a longer period of time.

You can easily use the DCA strategy as a salary earner to build your stash in bitcoin and it may end up beign as big as someone who only lumped sum once into bitcoin. Let's say you are earning as much as 4k$ monthly and you decide to invest 1k into bitcoin every month , with the current price in close to 4 years you should be closing in on having a whole bitcoin, yeah it's a slow process but it sure has its long term reward.

The formula is like this. The more capital we use to accumulate Bitcoin, the greater the profits we will get. If we only have a little BTC, then our profits will also be quite small even though we have been doing it for years. That's the basics.

However, in investing, there is something called a benchmark. Each person's benchmarks are different in investment. Let's say you can accumulate continuously to get more BTC at any time. However, it might not be easy for someone else. So, it might be quite difficult for them to get free money for investments in BTC.

Well here, there is another key besides more accumulation, namely capital. because it's useless if we force ourselves to invest in BTC but our financial condition is not very good. It's useless to force it. Because it would be much better if we actually used free money to invest in BTC. We might be able to save a little money and then spend it on BTC rather than on other things that are not needed. but again, it is an amount that we can afford to loose.

Small capital will get equal profits if the market is bullish, and those with large capital will get bigger profits. This does depend on each person's financial capabilities, but this will not discourage someone from starting to invest, it can be done gradually to get a good accumulated purchase price. Buying with $100 when the Bitcoin price is below $20k would be a good position and then continue to gradually buy even if there is a slight increase, if this is done regularly then there will be quite a lot of profit. I started investing with under $100 and now it can reach thousands of dollars more.

Crypto has always been giving high profits if we can invest in it at the at the right time. You can see today's Bitcoin chart, where it was trading at $62K in the morning and is now trading above $67K at midnight. So those bought during the morning are all in good profit with a 24 hour gap. The problem is that when Bitcoin starts dipping, we become afraid; only experienced traders accumulate during bears and take the risk. However, we can use the DCA strategy during a bear when Bitcoin starts to dump. So when it bounces back, we can make good profits and increase our portfolio. 

Everyone wants to accumulate much bitcoin, if you ask people that knows about bitcoin the amount of bitcoin they will like to hold, most of them will start calling figures for you, but in real life, they are just holding just little amount of bitcoin. Not that people don’t want to accumulate bitcoin, but the problem is that most people don’t have the financial capacity to accumulate much bitcoin, most of them are always buying with the little amount of money they are having.

If you are putting more efforts in investing in bitcoin, don’t forget to invest only amount you can afford to lose, and don’t invest everything you are having, make sure you are always having money which you will be using for survival, always make sure you invest extra funds which you won’t be using for that particular moment.

If you invest all you have, incase if their is any emergency, then you will end up selling the bitcoin which you are planning to hold just to solve the problem, that’s why it’s better we don’t invest everything in bitcoin, no matter how you are being forced.

DCA  is good for everyone cause it is the most flexible method if investing in bitcoin, with the DCA method I don't have to have huge capital to start my investment but can go by allocating a percentage of my income to buying bitcoin on a regular interval and with time I would have bought as much as someone who has bought with huge amounts then.

Waiting for bitcoin price to drop to a certain level is not advisable cause thigns like that may never happen and you would end up missing out on opportunities that you wowing have bought, so it's actually better to start investing right away even if prices are high unless you plan on investing for short term which would not yeild greater results as investing I  long term.

So, what you are suggesting is to take a loan and buy bitcoin in bulk when the market is down? Because not all people are financially capable of doing so with their own money in their pocket. Taking a loan is the only way for someone who is in no way can stretch his financial capability to accommodate his bitcoin investments.
I get your point though, but then again bitcoin bears a lot of risk that is why we always say to invest what we or you can afford to lose, and so DCA method or minimalism as what you said is the best option for someone who's financially incapable of taking the risk.  You might not want to put your emergency funds to bitcoin right? because that would probably be a bad idea when an actual emergency arises.

Well, that is at least what we expect because Bitcoin has proved itself worthy of being trusted so far. After all, after every cycle, the end price tends to be higher than the previous which is known as the all-time high. So you are right that one can expect some profit if they buy at any price point if they are doing it for the long term.
However, none of this is guaranteed, we don't know the future and don't know what might happen in the next cycle, all we do is make predictions and have expectations and everything else is a hidden game that only reveals once it is time.

I think you may be right but I hope you have not forgotten that the fund is somehow hard to get just like you have explained making it look like people have the funds especially the real investors and they might not be interested in buying and holding.

That's not the case, we need to work, earn wages or salary, pay bills and even the children bills, then we can always invest the remnant if we have plans of saving it. The current inflation in almost every part of the world is making people think twice before they invest there money in cryptocurrency not just Bitcoin because there are so many needs to attend to small insufficient pay to cover everything.

Before we invest we can never say how much profit we can get from this investment but of course every person has a dream before investing that they will profit by investing but how much profit will depend on his investment. Of course in investing you need to acquire enough knowledge about investing. If you don't acquire enough knowledge about investing, you will not get much success in investing.  Investing requires patience and long-term planning. If we can patiently invest for long term, surely we will be successful in investing.

Simply said, adding Bitcoin to your wallet shows you understand money's future. Bearish markets are your golden opportunity - they underestimate tomorrow's fortune.

Bitcoin investing is about intentional accumulation, not randomness. Those who bought on dips are reaping huge gains, especially with Bitcoin around $72k. Applying common sense economic principles and understanding market cycles is what this discipline is about. You invest what you can afford, but pushing the envelope can take you from moderate success to financial success.

Remember that Bitcoin favors the brave and strategic. Buying smart is more than just buying. Smart right now means acquiring while you can. Bitcoin is rising, so should your portfolio. Keep stacking and ride this wave to unprecedented fortune.

It doesn’t matter whether the market is bearish or bullish. If you keep on accumulating the coins irrespective of the price, then after next halving you will definitely see tons of profits. This is already witnessed by many long term traders along with me, when Bitcoins recently crossed 73k USD. Hence, we just need to keep ourselves calm and composed. We need not have to greed, just follow the basics of accumulating the coin, and we will definitely get the profits.

I believe in the OP theory that your Bitcoin profit is proportional to the amount of Bitcoin that you have, meaning that the more Bitcoin you're hodling equals the profit that you get when it's price is pumped. Most average income earners knows this and they'll have the willingness to pump their incomes into the investment, but the it's easier said than done, because they have other financial obligations, so the best way to attain huge accumulation is through DCA method. By taking out a fixed percentage from their earnings periodically, maybe weekly or monthly that they can be able to attain a huge accumulation of Bitcoin, that'll guarantee a massive ROI in bull runs.

BTC has always been a competitor to any investment and even Many have been interested and started to get into Bitcoin since Bitcoin reached a price that was beyond their predictions.

But investments such as gold, bonds, property or others are types of investments that can be applied for the long term as well.
You also need to diversify and not just put it in one bag.

Every investment has advantages and disadvantages as well as Bitcoin or gold, both are good investments but have different characteristics.

Bitcoin has now reached an ATH price of $73k and this is a sign that Bitcoin will be stronger, but it has to be smart enough to start coming in and don't buy just because of FOMO.

For BTC, I never had the slightest doubt about investing even though the price had reached 72K previously and now people will start to think that BTC is a good and pure place to invest, many of which have provided big profits for investors. Yes. Seeing this significant movement of BTC will certainly make investors confused about where they will place a large portion, whether in gold or other commodities such as silver and we know BTC has always been their competitor.

I agree with you. Many people talk about DCA as the best investment strategy, although in my opinion it doesn't maximize the potential of the investment at its full capacity. If you can buy a large portion of Bitcoin at once when its price is pretty cheap, why would you buy only a fraction of your total capacity in order to do DCA? If you have the money and can buy a lot of Bitcoin at once on the dip, then do this. If you still want to do DCA after that, you can do with your monthly income, but don't waste the opportunity of buying most Bitcoin as possible when the moment looks propitious.

Although the market is unpredictable, investors just have to pay attention to Bitcoin's cycles and important marks in order to know when to buy larger amounts of BTC and when to wait. To be conscious about what is a bear and bull market can help investors to grow their portfolios on the right moments. The problem is that people start investing when Bitcoin is hitting a new ATH, and once the market crashes, they want to immediately sell everything in despair...

Yes. Whenever we invest a certain amount we get profit in return, but the return we get is determined by the level of investment we have done. We should be able to invest big at times instead of being afraid of investment and end up investing peanut and expect high in return. For example someone who invested $5 and someone that invested #500 are not thesame. If btc goes up to %50 the will be getting $7.5 in return but the one of $500 investment will be getting $750 in total that is to show that the higher the capital invested, the higher the profit earned

We only have a certain amount of energy, time, and space in our lives,and when these factors are not properly exercised,they practically leaves traces of guilt,fear and loss.Living with less can be a better option when you're trying to cut your spendings and live without much worries from financial pressure/problems..

It will be exciting and a good choice to recognizes the value and importance of Bitcoin, but also accepts the existence and usefulness of other cryptocurrencies in general and there should'nt be an alteration to the preferred system.Investing is a choice,and its Also a journey,so in order to be able to accumulate more,adopt a long term investing approach and equal interest.

I understand your point but it should also be known that all people can invest in bitcoin can reach their target within the time they might have allocated for themselves to reach that point. When the bull run comes and people want to take profit on their investment, it is not about how much you’ve spent in total while buying bitcoin but it depends on the quantity you’re able to accumulate to give you a significant profit when checked with the price it will be at the bull run. DCA works to achieve that, but some can still stick to the DCAing and not still lucky to have stacked much bitcoin because they always unlucky to buy at high when they have the money to buy the little they’ve been accumulating. What matters is the quantity and not the money invested so far in it. Once you’ve set a target on the amount of bitcoin wanted in a portfolio, any approval can be used to achieve that.

One of the great idea is accepting payments for the business or individual services if any. This can be great for those who has it however not everyone does the Business so for them there could be some more efforts with less accumulation. For such individuals they can work online on micro tasking sites and get paid in the Bitcoin form. This is excellent choice if you are from a Tier 1 country considering they have decent payout. I have been working on such sites all the time and they are really improving day by day these days with higher paid tasks. I think its all about how you chase bitcoin with variety of ways. Believe me there are plenty of them we just need to look for best opportunities.  

There are always pros and cons when you decide to do this.
Both exchanges you've mentioned are reputable and I think you didn't need to worry about keeping your coin there during this bullrun while waiting for a correction.  It's a tough decision when to buy or consider the DCA way but if you can be able to manage your portfolio that's quite easy for you.

A friendly reminder, set your purchase amount to the amount of money you want to invest in Bitcoin during each DCA interval.
This amount should be fixed and within your budget or you can able to wait until you reach your target profit.

It is never that simple, remember investing is a journey, very few people start their journey by knowing all the answers and picking all the right assets at the right time, the most common scenario is for people to start slow and make a bunch of mistakes along the way, and it is not until a few years pass in which they finally acquire the knowledge necessary to profit from the markets in a consistent basis, and after that they will still need a few more years to overcome the mistakes they made during those years.

You right. I learned that DCA is one of the best approaches to stack more in our portfolio gradually. Unless we want to buy aggressively. Although there is no limit to how much we can accumulate if we are consistent.

Can you teach me how I can automatically set my DCA plan on tier 1 exchanges like Binance or Kucoin? However, I am afraid to keep my money in these exchanges so I may end up not willing to do it but it doesnt stops me from learning right? Perhaps ill just buy when I want to DCA then send it directly to my wallet instead of leaving it in the centralised exchange.

Exactly. Some people need to realize that unless they put in the effort, they are not going to see the results they want to see. Of course it’s gonna be hard but that is what will set you apart: your hard work and perseverance to achieve what you want to achieve.

Some people want to gain profit even if they do not put out money of their own, but that is just almost impossible. In investments, there is always a risk and you are putting your money at risk but with educated decisions you can generate profit.

When it comes to investing decision their are people who don’t know to what limit that they should go, their are funds which are meant for investment and their are also funds which are meant to be used for personal and up keeping, let’s take for instance as someone who is still trying to catch up with life you are running a monthly paying job, at the end up every month you have bills to pay food things to settle and other personal expenses still be a reckless decision for you to rush into investing up to 90% of your monthly earned salary into it, at this level this where most newbie investor make mistake, once’s you enter such kind of investment and you need money for something in future you will be forced to touch the Bitcoin you have invested your money on not minding the current price at that point in time.

It's simple, just find a job that pays you well in fiat and find another side hustle that will generate you extra income, that way you've got a money that you can still rely on when the bearish season is happening and that way, you can accumulate at that time even more because you've got a lot of money and you can buy bitcoin at a really low price but at the same time, your getting better value compared to when you're buying right now, your accumulation process should be dependent on what's the current market season for bitcoin because if you don't do it the right way, you're probably going to end up having the issue of panic selling or bad value investment. Just remember that in bear season, you should be increasing how much you're buying either through DCA or other methods and your rate of accumulation, and maybe the other way around when the bull season like right now is happening. Of course those advices are going to be much more effective if you've got a job and that side hustle that I've talked about earlier.

Those that have more Bitcoin would have to benefit more in this bull market than those that have Bitcoin in decimal units.
It is good for profit if we can acquire enough Bitcoin and hold for the big bull that is loading. This would be a good way for us to earn weight any problems from other fellow competitors. We can earn from the market with ease compared to other investments that would take us plenty of time for us to earn from the market. Bitcoin is still good to hold as a starter and there is enough time for us.

You’ve just recounted what is well known. Of course you can’t hope to benefit from where you didn’t sow or hope to reap more than you’ve put in, that can’t be the case. Your investment has a direct proportionality with your hodlings and even in the event of a dump, you still get that direct proportional decrease in the valuation of your asset.

While your might have referred to $72k as the goal, I’ll say the goal is very much far from it. It’s as far as the Satoshi goes because at the moment, the least Satoshi haven’t got a dollar value. Every single Satoshi needs to have some real value on it to be able to purchase some life used community amongst others in the digital sphere.

But, goals can be set by every individual though but, there isn’t a fixed price for real hodlers.

I get your concept of variation where two variables increased, which means if you buy 1 Bitcoin, you get a full value of Bitcoin and if you buy a half value of Bitcoin, it means you get the same half value but this can be improvise with some other factors of Bitcoin. Like the time for instance, if you buy a half whole of Bitcoin when the price was around $20k and then you buy another whole of Bitcoin at $45k, and now that Bitcoin price is now sitting around $68k, the first Bitcoin you bought would be having $24k profits after you subtract the profit and the second whole Bitcoin you bought will be having a $23k profits, you can see that the first Bitcoin you bought has more profits that the one you bought later, this is why timing is very important when buying Bitcoin.


Again, as I stated earlier, the timing is very important. The only way you can maximize more profits is when you buy Bitcoin during the bear market, everything is cheap and people dump their coins like they don't need it only to start running accumulating some sats in the bull run.


Not necessary that, if you know that you are not financially big, the best and recommended time to buy Bitcoin is during the bear market, if you have $70k today, you ca only buy a single Bitcoin but in a bear market, you can get lucky and afford 2.5 Bitcoin. Hence, the timing is very important to accumulate Bitcoin.

You are right but you know that there are conditions that can hinder accumulating more bitcoin at once which include financial conditions.
Before you invest in anything, you need capital to place your investment, and if you don’t have capital, you cannot invest because of lack of capital to start. Because of this reason, DCA method was brought up and it has been helping people to accumulate as much bitcoin as possible small small since it is not anyone that can afford to buy at once due to financial problems.
Moreover, DCA method also have advantages which includes buying with any amount of you have at any point irrespective of the price, and it gives more confidence on your holding.

Your profit depends on how much Bitcoin you've got. To make more you gotta stack up during bearish times. Waiting for years isn't needed. People who bought big at $40k are likely swimming in profit now at $72k. Even if you got in at $20k, it won't match up. So buy what you can afford but hustle to beef up your stash for bigger gains. Profit's directly tied to your portfolio size. Keep adding more Bitcoin if you want those returns to skyrocket

At the end of the day, you will be the one who will decide what you are going to do with your funds. Even if they are laughing at you because they don't believe it, you should follow your instincts and be smart with your financial options.
So if the OP invested some in btc market when everyone was laughing at him, today, he will reap the rewards of his investments.


Buying option will always be upon on the person's beliefs towards this market. Invest when you think you do have advantage, not because, someone is forcing you to buy.

A good Dollar cost averaging will fix this. DCA over long cyclical periods is the best way to grow a crypto portfolio.  You can set automatic and  recurring buying options for doing DCA strategies on the top exchanges. This will you to set it up and focus on building multiple sources of income in the long-term to have a successful portfolio.

There are one time investors who have just invested once and believe that there one time investment will multiply one day and then make them rich. It is wrong knowledge because for an investor to really benefit from every increase in the value of bitcoins, they have to have a good amount invested either once or little amounts regularly until they have a good sum of investment put together. There is no cheating it, people who have invested more will gain better than those who have invested less in bitcoins, so every investor should aim to have enough bitcoins by accumulation.

The beauty about Bitcoin investment that I love so much is that every investor is not in competition with any other investors, and there's no minimal or maximum amount that is required to start the investment journey, so it's up to anybody to decide how they accumulate and hodle. Despite what Bitcoin price is at anytime, any income earners can start according to their capacities, and they don't need to have the money to buy 1 Bitcoin, they can just start by purchasing in Satoshi, and doing DCA method till they reach their goal.

I think that if anybody is hodling for the long term, then they don't really need to worry about the present price when they want to buy, because it'll surely surpass that price in future ATH, although it's more profitable to buy in bearish seasons.

From your perspective your wrong. Not everyone can buy and hold bitcoin. Yes people are working hard to earn money so that they can invest in bitcoin. Little money from 100$ below in bitcoin is not worth keeping because it is risky. If the price of bitcoin goes down drastically the $100 worth bitcoin will worth nothing by then. If oke needs to invest in bitcoin he should hold nothing less than a thousand dollars in bitcoin. This advice is for a good reason, no one knows how the price movement will be during the having and some persons dont even afford up to $100 a month and you expect them to hold bitcoin even if it is a fraction. How long will it take them to reach $1000 in bitcoin?

Yes it comes down to patience. ANYONE who ever bought Bitcoin up to 2 weeks ago
.....and HODL'd them are now in profit! even the ones who FOMO'd in just before the
previous ATH 2 years ago which there are very few if any, all I would say FUD'd out as
the price plummeted when DCA would have been a better option.


Absolutely, I have said it on a few occasions when people have asked if they should
borrow FIAT to buy Bitcoin, I have done it myself a few years ago, it was tough going
to both get it paid back and HODL at the same time, with patience and timing it pays off.

Owning and HODL'ing Bitcoin within its cycle always pays off.

You know, in this day and age, even if you are not a wealthy person or earn a lot of money monthly, if you have a deep goal, for sure you will be able to save Bitcoin, even if it's just a small amount. If you do it repeatedly at the beginning, you won't feel what you are doing, but as time goes by, you will feel the high value of what you save one day.

Actually, that's how I'm starting now, little by little. I want to save Bitcoin 10 years from now because I am pretty sure that bitcoin's price value will be high when that time comes.

You know what's the biggest problem? Either people don't have enough money to invest or they randomly enter market and exit as well.

First people need to think of earning more than what they have been earning to allocate a part of their salary for Bitcoin investment and whether they wait all the year and invest during bearish market or they do DCA is upto them whichever they feel more comfortable as I prefer DCA.

The problem arises when people don't have sufficient funds to invest and they end up investing the money they have forgotten their living and even a slightest dip triggers panic selling.

People shouldn't invest more than they could afford to lose or let it stay in wallet for few years especially for Bitcoin because no matter how much it dumps it will eventually catch up.

Your points aren’t far from what is currently happening at the moment as the price is going up fast, many people or investors are of the opinion that the market will take correct most were predicted that this will be after the old ATH of $69k has been broken, it’s over a week now and the market still isn’t looking like a thing that wants to take correction. I am not disputing the fact that there will be corrections in the market but delaying to invest into bitcoin because the price is increasing is taking two risk;
1. This price you think is high might be the lowest we will ever experience and you could be missing out big time.

2. Not investing means you might be leaving your funds on inflationary assets like fiat which is a loss on its own or except you have it on other stores of value.

As you said DCA just at any moment you have funds to buy

The definition of what is sufficient Bitcoin or money depends on many variables such as age, country, social status, initial investment, return on investment, and the goal of investment, and this is what makes a 30% increase considered sufficient for some, and they have already sold it at a price of 70k, or it may be considered the beginning of the journey for others.

If Bitcoin is the destination behind the plan in expecting profits, I think when the market is at the beginning of the bull Run and it still continues in a condition like now there is no other way but to hold the existing one and to buy again with the aim of increasing it is not a good choice If I suggest buying at a relatively high price.

As for many finances who do not know what you want to use for, buying bitcoin at this time in the midst of a relatively high price condition is still an option in my opinion because when the price of translucent $ 100K, then from now on it does not take time to hold.
For example in the next 3 months Bitcoin is able to reach $ 100K, the profit gained with the current purchase price is also not small.

If profit making is the only intention then bitcoin is one way but not the only way, there are lot of shitcoins that gave more returns than bitcoin in this cycle especially some meme coins whereas you are looking for the proven coin that is only bitcoin and you can throw all your money with no hesitation but it can take time to grow as the spike is gradual comparing to shitcoins.

Accumulating Bitcoin is a good advice, and while some altcoins can offer higher short-term profits, I agree that it's much safer to simply stick to Bitcoin. Still, for a decent profit, you might have to wait for several years because, on average, Bitcoin bear cycle takes around 3 years (here by "bear" I mean being well below the former ATH).
That being said, some might say that it's unreasonable to put all eggs in one basket, and that it's better to diversify one's investments. I don't think diversifying within the crypto market makes much sense, but one can be reasonably interested in different assets like bonds or real estate, too.

That means they are very greedy. The reason I said that is because bitcoin still fall below $20000. I can remember that bitcoin got to $15500. That was in December 2022. But such people may still think that bitcoin price will continue to fall lower and their expectations may fall to bitcoin will fall below $10000. Even if bitcoin fall below $10000, they may not still buy and expect the price to fall further. Later they will be blaming themselves after the price increase. Bitcoin stayed below $16000 many days before it started increasing in January 2023 when bull run started at the time.

It is not advisable for us to be making a business and be taking from it while its still under a developmental stage, we have to learn on how we can build our business, same applies to any investment we are doing, we don't need to take the profits until we are far in doing it and have earned to an extent, that when we take the profits, the investment will remain unaffected by such decision.

They always react to the market like this. Hope it goes down, more and more to have cheaper price for their entry but when things goes exactly like they hoped, they turn to be fearful and worry that price will go down more than their expected entry.

They ignore good prices and feel regret when market recovers from bottom area. Then they hope to see a correction to buy in but such wanted correction might never come. Even it comes, it's likely they will be fearful again.

They usually join the market after Disbelief phase and even in late of Euphoria phase.

Psychology of market cycles

How much you make from Bitcoin Investment is determined not just by how much you put in but also how much you bought. Everyone will have to invest based on their capacity. You don't expect people to deprive themselves of basic needs of life because you want to buy Bitcoin. But I get you point OP, we need to pay some price to ensure that we accumulates as we can. If it will cost us to reduce our expenses or taking addition job to buy Bitcoin, I think it is worth it.


DCAing is the perfect strategy for long term Bitcoin investors because it spreads the risk since you buy in different price. But it will not be bad to buy Bitcoin using lump sum if the price drops drastically and you have the funds to invest. For salary earners applying monthly DCA strategy will be perfect.

The problem you're describing is all about greed. People who didn't buy as much bitcoin as they could back when price was in $20k-$30k range were greedy thinking price would fall down more. I remember the topics telling them (or rather fooling them) into believing price is going down as low as $15k so they waited and refused to buy.

People who do that, will also wait after price goes up to something like $40k because in their head they were calculating their profit based on $15k entry and $40k is terrible; so they wait for $15k then price goes up to $50k, $60k, $70k and keeps rising until they buy at a massive loss during a FOMO at something like $300k.

DCA is good for these people because it gets them to buy something even if they get greedy.

I agree but what's the problem during the bearish market is that most of those people that are wanting to accumulate now feels that there's a sluggish movement of Bitcoin and there's no future with it while looking at that state.

As long as you've bought at a cheaper price compared to the high that we're having, that's fine no matter what's the price entry you get in.

And what's important is don't go with the crowd that are blindly doing things or believe what they think is right. Not at all times they're right about not buying and waiting for some more dip.

If it's about the dip, you probably have met it but ignored that moment of buying it until you can no longer see that price that had dipped before.

Yes it is ideal but again even with extra efforts,
one can only do so much with what is given to them.
Some people still have responsibilities that they can't
leave behind and deadlines to be met. It's also not ideal
to have some debt just to invest in crypto because it's too
risky either way.

Yes we should do everything in our power to accumulate Bitcoin but we should not also be reckless and irresponsible and impulsive when making decisions just to invest in Bitcoin.

Not every person dare to use all of their money to buy Bitcoin at once, even people already use DCA strategy to minimize the risk, but they're still sold Bitcoin when panic and not able to hold for long term. Moreover not every people are rich i.e. have a lot money and can do anything that they want, most people are an employees which get paid every month, so if they buy Bitcoin for every month, they're using DCA strategy.

How much profit we get from our investment is directly proportional to how much Bitcoin we have in our portfolio and so if you're interested in making more profit, there is no two ways about it, you've got to figure out ways to accumulate more Bitcoin, especially when it's bearish.

The advantage is that you don't necessarily have to wait for years before meeting your goal. Those who bought in bulk when it was bearish have probably reached their goal at the current $72k while those who bought a minimal amount even years back when Bitcoin was around $20k will be in profit but wouldn't have a  profit anywhere close to someone that starched a good amount of Bitcoin at let's say $40k

What I'm saying is that as much as it's important to buy based on our financial capacity, it's also good to put in additional effort to starch more in our portfolio if we are interested in making a good profit from our holdings. Remember that your profit is directly proportional to how much you've starched up in your portfolio.