Topic: My Past nine months bitcoin journey (Read 2825 times)

I just received a couple of merits on this post (thanks EFS), which thereby drew my attention to this chart that I created that presumed buying $100 week of BTC and the BTC price going up on average about 12% per year.. which is surely a bit ambitious of a BTC price trajectory.. but I do not necessarily consider it to be unrealistic, surely on a longer timeline, we might end up getting some gravitation of the price towards that ambitious price trajectory.

Surely we can see from BTC's actual price performance, we have not had any kind of 12% per year, and if we would have had been accumulating BTC at $100 per week until now, we would have invested $11,300, and we would have had stacked about 0.4145 bitcoin, which, in accordance with my chart projections, brings us nearly to the quantity of BTC that would have had been expected to be stacked by mid-2025.. , and there should not be any reason to be unhappy about those kinds of results.. including that at today's BTC prices we would be quite a bit ahead of schedule.. maybe even two years worth of BTC ahead of schedule, and right around break even in regards to the amount that we put into our whole investment into BTC that would have had started July 1, 2021.

I wonder how OP is doing?  Have you been able to keep up your BTC buys?

Whenever forum members abandon these kinds of threads, there should be a bit of a presumption that they had not continued with their earlier plan and they likely fucked some things up, but hey, part of the question might be whether any of us is able to outperform a DCA approach. .in terms of ongoingly and consistently stacking sats without getting blown out of our position and while being able to keep up with enough psychological determination to be able to remain persistent... and ONLY OP would know about his personal circumstances, including sometimes our cashflows might go up or they might go down, but if we have goals to stack sats, then likely we would like to continue to figure out ways to continue to stack and maybe increase our stacking and not making up any excuses regarding why we stopped, and "if we would have" blah blah blah.. ..

Consistency and persistency and adapting to the environment remains important in when we may well have bitcoin stacking ambitions, which seems to have had been the case when OP started this thread.

If you are already having trouble feeling that you are able to put enough into bitcoin, then investing in altcoins (aka shitcoins) is another topic that does not fit into this same philosophy because the calculations are different.. including the fact that they might not even be necessary at all.. so yeah, you are diluting how much you are able to put in bitcoin by playing around with that shitcoin nonsense.

JayJuanGee, I have thought about that advice many times and have applied it on several occasions when I have some capital to invest. So far there has been a good improvement from my portfolio where I would still like to have 50% more bitcoin in the portfolio and will probably only set aside 20%-30% for altcoin.
There is a big hope that I want to achieve with bitcoin in the future, and hopefully it will come true for me. Nothing is impossible with bitcoin, but we really need to have good management for this investment.

Personally, I believe that DCA is more powerful than buying on dips, because none of us really know what is a dip or not a dip, except for after the fact so many people want to say, " you should have done this or that" and in my opinion trying to strategize around what is a dip and what is not a dip remains a bit of a fools errand in terms of possibly causing too much attempts to calculate matters that are not calculable.

So, yeah as you mentioned, figuring out your budget is one of the most powerful things to figure out how much you can DCA on a regular basis and how much you might want to supplement your strategy with various kinds of buying on dips and/or lump sum investing.  There can be a bit of a fine balance between how much is enough and questions regarding are you being not aggressive enough or too aggressive in the amounts that you are DCA'ing and as aysg76 mentioned whether there might be times in which you might want to tweak your strategy to increase or decrease the amounts/frequencies that you are DCA'ing.

Another personalized aspect is to also figure out what might be your target amount of BTC that you would like to accumulate in terms of your overall investment portfolio.  Do you want BTC to be 1% of the value of your total investment portfolio or do you want it to be 25% or some other amount, and do you want to attempt to maintain those levels, tweak from time to time or possibly to diversify (or reallocated) from time to time too. 

Even though there are likely some matters that are more important than others, including getting some kind of initial stake in bitcoin is likely important, of course, you do not have to establish all of your particulars from the start of your BTC investment, because you may well start to invest in BTC with a DCA amount and then you continue to study BTC along the way and then you tweak your strategies and adjust your goals as you are investing and learning about BTC (and yourself and your own finances) at the same time.

I've listened to this advice far more often than I've ever done, but I can confirm that planning a budget is the most sensible thing to do before making an investment. Despite all that, maintaining DCA during a bear market like now is much better than having to buy all at once.

Buy on dip is one of the best ways to get more bitcoin at a low price, but DCA is also worth considering given the current sensitivity of the market due to the chaotic world due to war and inflation.

There is nothing wrong with attempting to buy dips within your budget.. so you can maintain both a DCA and a buying on dips at the same time.

You are much stronger off if you are able to plan out your budget in advance.... Even 6 months in advance...

I am going to outline an example that could work for anyone, including if you are a newbie or if you already taken some stake in bitcoin.  In this example (I know that this is not exactly your situation aysg76, but I am using it for illustrative purposes), you know that you have at least $4k that you are going to be able to invest into bitcoin in the next 6 months, and that $4k comes from a combination of an amount that you have saved, which is about $1k, and a conservative estimate of your cashflow that you have coming in, and you have high levels of confidence that $500 per month (or $3k for the whole period) will be able to be set aside for BTC.  So the three categories that you have is lump sum investing, DCA and buying on dips.  You surely could set aside $100 of that per week (which adds up to $2,600) that is going to be DCAed into bitcoin no matter what, and with that DCA you could attempt to strategize at what time of the week to buy to attempt to buy mostly on the dip for that week, but also to know that you are not carrying over any of the amount so by a certain day in the week that you have already determined, you are using that $100 that you have allocated for that week to buy BTC with it no matter what the price.  

Ok.... so if you know that you have about $1,400 that is NOT part of your regular DCA, then you can attempt to set some of that aside for lump sum and/or buying on dip.  Furthermore, if you have already established your budget pretty solidly for the next 6 months (and of course that is a rolling time period that you continue to establish as the time passes so you are always minimally prepared for the next 6 months from any date in which you are at), then you would know that any extra cashflow that comes in, then you can plug that into your already existing system in ways that are totally of your own choosing.. to plug the additional amounts into DCA, buying on dips or lump sums.  

Some people know that a few times a year they do end up getting additional cash flow, but they are not always sure in advance when those extra cashflows will be coming in and maybe they do not even know the exact amounts of the extra cashflows, and historically, I have always dealt with those situations by not spending any of that money until either it hits my bank account or that I know for sure it is coming and even when knowing for sure it is coming, sometimes there is a need to be careful to not spend it until it is actually in your possession... just to be safe from things that can happen.  Things happen, as they say.


Let's say that we are referring to something like starting from nothing (just the basics), graduating from highschool or whatever, and entering into the working world or college or some combination.  It can take several years, just to get your cashflow coming in.. but let's say we are starting with a cashflow coming in, and if we are considering getting to some kind of entry-level fuck you status (just meaning that you can quit your job and live off of your investment without doing much work beyond just managing your investment), then 10 years does not seem very long to me at all.   You can look around and find all kinds of people who are working into their 60s and 70s and really not living well, and maybe you see young people living it up and proclaiming that they are going to be rich in less than 10 years.. but those young people get older, and then they realize that they have not made as much progress on their getting to entry-level fuck you status as they thought that they were going to achieve..

I personally do not believe 10 years as a minimum is a long time, especially when we can witness so many people full of talk but not actually making it anywhere close to fuck you status.. and sure, maybe you might proclaim that you do not want to make it to fuck you status.. I am not sure.. so that is up to you.  I am largely using the idea of making it to entry level fuck you status as a kind of goal that causes a lot of freedoms to both be able to get to that point and then to be able to have options not to work because you have made it to that point.  

Largely the fantasy people are talking about getting to entry level fuck you status in 10 years or less, and to me it seems that bitcoin has provided possibilities to get there more rapidly than other methods and even perhaps cutting down the time in half or more than cutting the time in half.



I think that no matter what there are not guarantees.. so each of us just need to attempt to be as prudent and reasonable as we can, and surely there can be some levels of aggression (and assertiveness) in there too... As long as we are not gambling very much of our principle, and if we are still building up our principle, then it seems to me that including bitcoin within your various allocated assets (investments)  puts you in a better position than if you did not have bitcoin as an option and you cannot figure out which of the fiat related places to put your investment. .including some of the potential problems that come with property, equities and precious metals... including some of their artificial inflation from fiat (as you mentioned).

By the way, we already mentioned several times, that it may well not even take too much aggression/assertiveness in order to still advantage yourself tremendously by both investing in bitcoin and continuing to put money into bitcoin.. and sure, I am not sure about just putting in a lump sum and sitting on it, but surely, each person can measure those kinds of matters in light of his own finances, too.... so in that regard, if you had already put $5k to $8k per year into bitcoin for several years, then after several years, you might decide to either stop putting more into bitcoin or maybe only to buy on dips.. or whatever you believe is reasonable.. because if you end up having income in which you are barely living well, but your bitcoin had become worth $100k or $500k or even more after several years, you might feel that your continued investing into bitcoin is not as important as your being able to enjoy the income that you have coming in and to just let your bitcoin ride.. and hopefully being able to have enough will power to be able to resist tapping into the bitcoin very much.. even though maybe you might even feel like tapping into a few thousand of your bitcoin value here and there along the way, which probably there is nothing wrong with that approach, either...so long as you attempt to figure out maximum amounts that you can tap into it and maybe even attempting to time your tapping into your stash when the BTC price is going up (hopefully the BTC price is going up a lot when you tap into it rather than tapping into your BTC when the BTC price is going down).



Many of us have seen that the longer that you are in bitcoin, then the more likely you have put yourself way to the advantage of your peers in terms of how much it costs to accumulate the amount of BTC that you had accumulated.. so sometimes it can be grueling and take a lot of time to build a decent BTC base, but also sometimes you may well end up seeing that you have accumulated several times the amount that any of your peers had accumulated.  

Just consider for example, some folks got into BTC in the 2015 to early 2017 timeframe when the BTC price had moved from $250 to $1,000, and let's say that some of these people spent two years or more accumulating BTC, so maybe over two years, they were able to invest $10k into bitcoin, and their average price per BTC was around $700 (mistakes were made along the way), and so in the end, they accumulated around 14.3 BTC for $10k, and it took them 2 years to build that BTC portfolio.... they are way ahead of their peers in terms of accumulating BTC... and even though 14.3 BTC seems a lot now, there were periods in 2015 in which you could have bought 14 BTC for around $3k..

So sometimes, even if it might cost more to acquire your BTC over time, there seem to be quite decent chances that even if you are able to acquire 0.21BTC or 0.5 BTC over one or 2 years, you are likely going to put yourself in a place in which your peers are not even close to being able to accumulate close to as many BTC as you because of the fact that BTC prices are likely to go up and to make those levels of BTC accumulation to be much more difficult to achieve for normies or people who are already struggling to set aside money to invest in anything (whether BTC or other assets).


You are not going to get any argument from me regarding this point. Not only does a newbie have to get used to the idea of investing into bitcoin, it is likely that the newbie is going to have to put some kind of a system in place and get comfortable with that too.. and surely it can take a while to learn about bitcoin.. even though there are some people who learn really quickly.. take Michael Saylor, for example..  and even though Saylor seems to be an exception, there are people out there who are like him in their ability to really figure it out quickly and then to become aggressive in their investment into BTC quickly... but even with Saylor, you can see that he started researching into BTC in mid-2020 and then started investing soon thereafter, but still it took him more than a year to really continue to increase his stash.... and I am not sure if he feels that he even has enough BTC yet ... hahahahahaha.. he is a bit of an aberration (probably) in the way that he studies and learns quickly, but he has been quite aggressive in regards to both his bitcoin investing and his teaching of bitcoin to others, too..


Yep. individually tailoring budgets and situations is helpful..


Agreed.

When i started investing the amounts into bitcoin the first phase was for six months period and it carried on as i have said previously also but the consistent factor involved was not to swing away with the price dips as there are many days which will be red for market and some green so if there is swing in the momentum of investments then it's bad for DCA journey and we could break up in between.So it was sure for me that I am just investing for long term without selling any coins.This was achieved with some extra savings poured into bitcoin and having some fiat also with me to use in emergency case.

The 10+ years investment is too long but if we keep our goals high and set long term Target we could also achieve it as we have seen people who were investing through DCA method with even low amounts have earned so many good returns over it but the condition was they were holding their coins.But you are right on the part that if we can go through these long term capital growth investments like even 5 years then you would be having fuck status level in comparison to others who are still sinking in their fiat inflation boat.The main point of investment is right but the level of investment will decide the time period to change your status.

As i have already invested good amount of money into bitcoin spreading across nine months period and there are people who can't have daily life necessities sorted out so it's hard for them to invest the money into bitcoin.It can help them to improve their future perspective but still they need investment or work through which they can earn it.So we can say that if they can manage to invest in it the amounts would be considerably low that fees would also be charged and they can sell out any time.Bitcoin can solve problems but can't end these issues.

Speaking about newbie investors then yes they need to setup their proper system if they want to invest in bitcoin because a little dips affect them hard as we have seen in most cases which then results to panic sell.They need to have atleast 2-3 years time period in their mind then only they can get some returns otherwise this method is not suitable for them.If you come into bitcoin investment it's easy as well hard when it comes to holding long term and investing regular amounts through DCA.So make sure about it.

The amounts could be reduced as per we find suitable and carry on the journey and planning to find the fixed budget once i get time to work upon it and then go on with investing those amounts weekly.

I also find it interesting to hear about different opinions about bitcoin through our community and share ideas with them.This thread is not solely restricted to me and anyone who has doubts or want to copy this can do it but keep in mind that cash flow is necessary and amount should be taken into care like what you can invest without the fear of losing.

Much of the reason that I emphasize 4-10 years or more for an investment and strategy into bitcoin is because I recognize that is one of the most difficult aspects that new investors have so much troubles really to put into their head and also to actually follow in practice.

Yeah, lots of newbie investors will put lip service to the idea, but when push comes to shove, they both have difficulties setting up their systems to really account for that way of investing and they have difficulties actually following the practice even when they might have set their own systems up to actually have success in such.

I have gone through similar levels of mistakes where I have both inadequately planned and also prematurely drawn upon some of my earliest investments (some of those were before bitcoin).

Also, when I first got into bitcoin in late 2013, I was not really sure if bitcoin had a strong enough investment justification to lock oneself in for 4-10 years or more, but I do believe that bitcoin currently has a strong enough investment justification for such timeline of 4-10 years or more... oh actually in late 2013, my idea in getting in was a minimum of 1 year (in order to take advantage of long term versus short term capital gains) but I was thinking more on the lines of at least 2 years - however, as I ended up getting up to 2 years invested into bitcoin (late 2015-ish), my BTC holdings were still NOT in profits, but the strength of my conviction regarding the future direction of bitcoin was getting stronger by then, so I really had already stopped even considering getting completely out of BTC at any time, but instead I had started to lean towards developing plans in which bitcoin would always be a part of my total package of investments, but it would just be up to me to decide and continue to figure out how I wanted to reallocate (or cash out some from time to time) in order to attempt to balance my various kinds of holdings and even to tweak along the way to the extent that my opinion might change along the way.. including the consideration of my various other personal circumstances that would include my cash flow, my other investments, my view of bitcoin as compared with other investments, my timeline, my risk tolerance and my time, skills and abilities to tweak from time to time that would include considering various strategies and investment tools to the extent that I considered that they might be helpful to me.


Sure, it is better to go with what is sustainable to you.... And, for some people several thousand dollars is a lot of money to build up, save and potentially earn.

Other folks want to get to fuck you status, and very difficult to get to fuck you status unless you are a bit more aggressive, but if you have a 20-30 year investment timeline, then even small amounts might end up leading to fuck you status.. even with starting now and even with something like $10 per week... though these days I do believe $100 per week is better - even though I continue to acknowledge that there are some people with budgets that do not allow for that much set aside.. so  doing what you can.. without suffering in other parts of your life remains important... it would not be good to have ONLY your investment in bitcoin because then you are frequently going to be tempted to tap into it in order to otherwise make your current living situation better.. if you are not building other aspects of your life at the same time.


I agree that it is much more challenging to invest on a regular basis if your cashflow is not exactly regular... You could still decide to invest a certain amount (such as $10 per week) no matter what.. and then adjust as needed.. and that might just mean that you hold some value in fiat that you have that is available to invest into bitcoin on a weekly basis no matter what.

I have had times in my life in which my cashflow was sporadic and irregular too.. it can be similar with expenses as well or if you have people in your family that you are supporting with sometimes seemingly erratic needs... so the more complicated your finances, then the more needs that you might have to have a larger cash cushion and also project out your cashflow for longer periods of time to make sure that you have your expenses covered out into the future, and even projecting worser case scenarios.. just in case and to make sure that you are going to be able to have things covered even if some of the worser case scenarios play out.. and the longer that you are investing and building various aspects of your finances, the more you should be able to live without as many financial and psychological pressures.. and that is part of the reason for investing and building your finances in order that you have more options, and you likely can live in more comfort both financially and psychologically.  

Sure, there can be some luck involved too.. but if you prepare badly, there will be more likelihoods that you will get yourself into trouble at various points.. but if you prepare well, then you have better chances, even though nothing is guaranteed.. just sometimes helping to put yourself in better chances of being able to profit from good luck that might come along the way with your having some levels of ongoing preparations.


For sure, if you build it as one of your habits, then the habit can become stronger.. including that you might feel that you can adjust the amount up or down a bit that are comfortable for your whole situation.


In those situations in which people are barely able to live, it is more difficult to suggest that they save part of their cashflow into bitcoin.. .. .but sometimes, even very impoverished people do have practices of trying to save some money into an emergency fund.. but if they need to dip into their emergency fund every 1-2 years, then bitcoin might not be good for them.. because they are not even able to consider a 4-year investment time horizon... so there is a bit of case by case in terms of if there might be a fund that anyone who is very poor might be able to establish that allows them to continue to live and not to dip into their savings (bitcoin) for something like 4 years or more.  Each person has to attempt to figure that out, and surely sometimes people are willing to consult, but also sometimes people figure out their own systems that might or might not work out very well for them... yet knowing that bitcoin is an option is likely going to continue to become part of the awareness of even really poor people.. Oh and the internet connection or having a smart phone can be an issue too for some folks who may not have access to those kinds of things (even though access to those somewhat basic kinds of current technologies is becoming more and more widespread - even into the most seemingly out of touch places around the world)


I agree.. It is not easy.. and especially not really easy to know the longer term ramifications, sometimes.

There are likely people in bitcoin who end up taking short term cash outs from their bitcoin, but then they would have been way better off to just leave their bitcoin alone and to figure out their expenses from other sources.. so sometimes, you might start to consider that you have put enough into bitcoin, but then another question might be whether you just leave it or if you try some other fancy tactics of trying to sell some and then buy lower.. but then your opportunity to buy lower ends up not coming.. so that's another error that some people end up making within their bitcoin investment journey....


Yes.. you have to decide for yourself, if you believe that the amount that you have already invested in sufficiently aggressive, or if you should continue to be aggressive, or you are in a position in which you can lower your level of aggressiveness...

And, sometimes if you are younger, you might be considering that you want to be able to cash some out along the way, and your investment timeline is really not 4-10 years or more, but instead, if there is a 3x or 5x run up in the BTC price from here, then you want to cash some out.. and that is for you to decide if that is how you want to deal with the matter.

Oh, by the way, if you have a pretty decently strong conviction in the long term potential of bitcoin, then you should not even be thinking at all about including selling into your strategies as a means to increase your BTC stash.. unless, you have come to a level of BTC accumulation that you can see is quite a bit overallocated.. so you can create charts to show an amount of BTC that you can shave off along the way at various price points... So if you ONLY have a total of $20k in all of your investments, and your allocation target for bitcoin is 25% then you could go up to $5k without really being overly allocated into BTC... but if your BTC value went up 3x to 4x but your other investments remained somewhat flat, then all of a sudden, you might have $35k in your total investments, but $20k (57%) of that value is in bitcoin so then you are faced with a decision about whether you should reallocate or not or if you might feel more freedom to sell (shave off) a bit of your BTC at higher BTC points in order to attempt to keep better balance in your overall investment portfolio (BTC as compared to some other assets that you might hold).


For sure, members will have differing opinions, and for sure, I appreciate hearing some of the differing opinions too... yet we likely realize that so many people have trouble considering bitcoin as a long term investment and to really follow something like you are doing.. but yeah.. I think that your thread has been very helpful to reinforcing some of the ideas of how anyone might get started in attempting a regular plan.. and even some of the difficulties that even you have to keep it going.. because for sure people are way more excited about your plan when your holdings are in profits, but if your holdings are either negative or flat, there seems to be a wee bit less excitement, even though those remain good times to keep building your BTC holdings (at least from my perspective of the way to attempt to continue to deal with BTC as a potentially longer term investment).

If I speak seriously then i was not even sure whether I would go this long as first thing was in my mind was to invest some amount for few months only before even writing up this thread like two to three months.But then one day while I was calculating my expenditure I noticed that junk food was into too much consumption and weight was also increasing so i decided to leave it and save the money.The things begin shortly after it and some gaming stuff was lying idle in my house as don't get time to play all this.This then came into my mind to invest the funds into bitcoin through DCA method.

But was not sure that i could go after six months but have planned to go till the time i can and followed the $10 incremental approach each week starting from low and then keep on going with it.The fund flow was stable through job and some freelance work (Keep in mind who reads this that investing requires continuous fund flows) so not a big problem for me and the investment journey begins.After each investment I was happy enough that my funds are being invested at the right place.So now it has been nine months of regular investment which is very good for me and will continue this for more.

You are right on the part that for some people investing $100 is sufficient enough to accumulate more bitcoin in the long run while for others it's hard to take out such big amounts.There are many people in third world country who can't even afford two meals a day so i understand it clearly.There are some times where we need to make changes to our strategies so as our current needs also are not compromised.The decisions must be made very carefully.

So as you said you can decide to invest some particular amounts each month or quarter so I am giving focus on this one to decide how to plan my this month journey as according to me the most important part is investment and amounts could be low also which will give good returns in the long run to the holders.Thanks for the advice and will surely give it a try after studying the expenditure and savings to compare it with investment plans.

Having bitcoin related discussions in both manners like how could it be improved or what are the things going correctly in respect to the public thread is good according to me as many people apart from both of us could present their ideas and involve in discussion while learning how useful DCA method could be,the problems they can also face and how to handle them carefully.So this thread was also created with the intention of motivating and helping new investors.

Sure.. several times it may seem that either I am responding to some of your personal specifics, but also I am responding to ideas within a public thread that I feel to be in need of clarifying, and for sure many of us are going to both have differing opinions and also differing ways of expressing ourselves in regard to the topic.

For sure, you could argue that frequently I am taking this topic way beyond your original intentions, because you could force a kind of narrow interpretation of the topic, and assert if responses are not within those narrowly tailored parameters, then they are off topic, too... also another way would be to create a self-moderated thread and to delete any responses that go beyond the parameters that you had described in OP.


You know that there can be variations on this, too.  If you have gotten  up to $100 per week, but then your realize that $100 per week is beyond your budgeting capabilities, you could cut back to $50 per week, or $100 per month or $100 per quarter or whatever variation of cutting back that you deem to be appropriate rather than going all the way back to zero.

A lot of times, people get into all or nothing kinds of thinking and frequently they may need to either learn how to approach the topics in more incremental ways.. so yeah.. it could end up being a common error that some folks react too strongly to some situation and then end up screwing themselves because they may have approached their investment too much in "all or nothing" thinking kinds of ways.



That seems to be a kind of all or nothing kind of thinking.  People are going to end up making choices regarding how much they are going to allocate towards bitcoin, versus other possible investment including whether or not they will invest in any shitcoins.   And, surely there seems to be little reason to invest in shitcoins in the long term, especially if you have identified bitcoin as the leader in the sector, but there could still be some short term gambling  in those various shitcoins that might make sense for some people.. and even if you consider yourself to have developed a bitcoin maximalist perspective, you still might want to hold various kinds of assets beside bitcoin and dollars (or whatever happens to be your local fiat).



Some people come into bitcoin quite whimpily, so sure $100 could be considered sufficiently aggressive, especially if you may be in a position in which it is not very easy for you to ensure that you are actually going to have $100 per week.  And, of course there are some people in which $100 per week would be considered a kind of pocket change level.


Sometimes it is important to figure out whether increasing or decreasing your level might be good for your own circumstances, and of course, no one should be feeling like s/he does not have enough emergency funds and end up dipping into bitcoin at a time that is anything other than your own choosing, so in that regard, sometimes we are going to be able to determine ahead of time if we might be stretching our budget too much.. and sometimes some people do not realize that they are overly investing because they have not sufficiently buttressed the remainder of their budget - which means that they may well be taking too many chances if they do not have a sufficient amount of cash reserves on hand for various emergencies or just for various changes in the cashflow that can happen from time to time.. and sometimes unexpectedly.

I cleared understand what you are saying but the thing is I have started my bitcoin journey with full confidence and was aware that at some point there could be financial issues because you know sometimes the funds inflow and outflow doesn't have balance in certain cases like the one i have mentioned above so there are two options with the investors at that time :

1) Give up the DCA method to invest and maintain the equilibrium of fiat to maintain the expenses so that it goes smooth and invest afterwards when you have funds.

2) Have some risk reward structure in your mind and think about how can you manage the situations so your future could be secured as Bitcoin is the best option that can safeguard you from inflation and many other things instead of any other shitcoin lying dead in your wallet after few years.

So i decided to invest $100 weekly and that was also good but yes you can say that is regarded as aggressive investment strategy on which i need to focus so that in the current time i don't have any financial to cover my routine expenses as they are also important.But i am thinking on to change my DCA to fix amounts weekly rather than increasing it each week but after each month so that my investment goes on fine.But will see to it how that goes afterwards as have invested this weeks funds into bitcoin already and I am happy with this going on.

We might be quibbling about definitions in terms of what is sufficiently aggressive, here?

I would say that having a budget in which you are having to stretch your funds to make sure that you buy enough bitcoin every week while having some hesitations regarding if you have enough money including that you have your emergency fund and other expenses covered would be sufficiently aggressive.

If you are engaging in gambling and leveraging and taking from your expenses to hope that you have enough money 3 months down the road because you put a lot of it in bitcoin and you are worried about the bitcoin price going out so you can use that money to pay for your expenses, then I would say that is overly aggressive.

I suppose on the other hand, if you are holding onto a lot of extra cash and waiting for a dip, and each week you have several hundred extra coming in that you could invest into bitcoin, but you are ONLY investing $100 into bitcoin, then maybe you are too whimpy in your bitcoin investment..   

Actually, there is a bit of a sliding scale here because I would not consider some kind of formula that is 1/2 or even 2/3 of the extra cash to be saved for buying on the dip to be overly whimpy.. but surely 2/3 would be getting on the borderline, at least for me, for considering that to be overly whimpy... so for example, you might have a certain budget for buying on dips, and maybe you have already allocated some of that money for buying on dips, but the recent BTC price action causes you to conclude that maybe you do not have enough for buying on dips.. so therefore, you allocate more for buying on dips as that money comes in.. so then the question becomes in the event that your BTC stash is not even close to fuck you status and is pretty damned small, then how much of that incoming cashflow are you actually spending every single week (right away in other words) to buy BTC... so if you are spending a lot of your incoming cashflow, then seems to me to be sufficiently aggressive, but if you are holding back a decent amount of your cashflow then you might be neither sufficiently aggressive and bordering upon whimpy status... hahahaahaha 



You likely do not need to convince me or too many other regular bitcoiners about the bullish case for bitcoin, and for sure, part of the reason to be aggressive with your regular BTC buys and even to be "sufficiently aggressive" is to attempt to better prepare yourself for those bullish case scenarios playing out and the risk that if you are less aggressive or even whimpy in your preparations, you will likely be kicking yourself when the bullish cases for bitcoin end up playing out.. and for sure, I am not even suggesting that the bullish case for bitcoin scenario is guaranteed.. but there is an angle to being sufficiently aggressive that allows the consideration that ongoing investing in bitcoin remains an asymmetric bet to the upside, and sufficiently aggressive investors are likely to feel much better in the years to come than those who had decided (or ended up) playing out whimpily or overly whimpy in their BTC investment/accumulation approach.



From your description, I would categorize your situation as sufficiently aggressive... when you are somewhat struggling to continue to maintain at least $100 per week, then those struggles are real...

Actually, you likely recall that I have been telling people about bitcoin in real life for years and years.. and I have a relative who has a pretty decent budget, and she is buying less than $100 per week, even though she could likely be quite a bit more aggressive based on her own finances and based on what bitcoin represents.. but she chooses to be less aggressive... and for sure there is some choice involved and for sure, it is better that she is investing something rather than nothing.. but for sure, she does not seem to really understand the bullish case for bitcoin very well.. ... and there are quite a few others like that who are just making token investments into bitcoin, and sometimes I wonder if some of those folks might be selling at a loss during times like this... I have not checked in with my relative since late November, so I am not really sure if she continued her previous regular DCA .. even through December, January and February... Sometimes I am afraid to check in because I am afraid of what she might tell me and it has to do with her seeming ongoing whimpiness.. but she did start around the same time as you.. probably around $50 per week or something like that.  Maybe you could have a little friendly competition with her?  hahahahahaha... see who does better?


For sure, your starting premise in OP has to do with cutting some of your expenses, and the fact that some of the expenses that you were cutting were likely NOT good for your health created another double benefit... but many of us know that there are likely a lot of ways that we can shave some of our expenses in order to be able to start some kind of investment into something else.. and surely, if we do not really have extra cash.. then it is likely that we have to make some kind of conscious effort to consider what we are able to cut in order to add our new investment into our regular weekly/monthly budget.

When I was quite young and first living on my own (moved out from my parents), I already figured that I needed to put 10% of my income aside and to save and invest with that 10%.. and so I started that kind of a practice quite early in life.. but I was not always successful in the ways that I ended up investing it.. and I felt like I was a bit of a ignorant person for my choices.. but for sure, there were not so many options that were available for relatively small investors..

and for sure, I can see why some currently young investors get attracted into shitcoins because they are options that are available that compete for attention that might otherwise go to bitcoin.. and so by the time that I got into bitcoin in late 2013, I had already established a pretty decent investment portfolio that I could just figure out a strategy to allocate into bitcoin, so I did not do the same kind of beginner levels of removing expenses.. because I had already been doing that for more than 25 years by the time that I got into bitcoin... but the removal and adjustment of expenses is a practice that any of us can do, especially if we might not want to change our investment practices in some other areas, and if we are wanting to add bitcoin to our investment portfolio..

 I understand that a lot of people (both young and old but probably particularly young folks) do not hardly have any other investments besides bitcoin and cash, so there only investments might be deciding whether to hold bitcoin or to hold cash.. but if they build the size of their overall savings, then they might want to try to have other assets too, such as property and equities but I have no problem if people first want to build their portfolio based on ONLY bitcoin and cash before diversifying into any other investments, and then once their bitcoin portfolio starts to get bigger, then they might want to consider other investments (not necessarily shitcoins) based on their own circumstances and comforts.

Actually i am not agressively making strategic DCA investments but with my concent and having fund management in advance.The struggle to invest in bitcoin is real but it's fun at the same way knowing how much secure my future would be with these investments today.We all need to take some risk and return associated with them will be delivered with time and for bitcoin I am pretty much sure the revival and growth opportunities are enormous as more countries are accepting it and each company wants it on balance sheet so just imagine the returns for that later on.

Speaking of funds I was having sufficient funds to carry on with my regular investment like in the past but the funds emergency arised was of known one and he needs money and I couldn't say him No so there was certain imbalance on my part of DCA investment so was having some funds left around $350 to invest for the month so decided to give it extra shoot of $50 and go on with $100 weekly so that this journey is not disturbed at all.Till now the money inflow is fine from job and all expenses are also sorted out and also have some funds stored in case of need so that set aside for bitcoin is only for it.

My food habits are also good and it's not like that i have left the junk for life and whenever i feel some cravings say once or twice a month i eat them at restaurant or order online so it's also good.Meanwhile having some healthy diet is also good for me and now I am used to it.Till the time i have funds it can go on the similar way.

How is anyone going to know dips before they happen?  It seems to me that a lot of people who buy on a weekly basis will attempt to time their buys within each week, and if you attempt to move those buys out and spread them out during a month or something like that, aren't you going to run an equal risk of failing to adequately prepare for UP in case a dip does not happen?  

It's all fine and dandy to say that you "should have bought on the dip" but the vast majority of normal people really do not know these things in advance with any kind of reasonableness...beyond gambling.

Do you know the BTC price in advance?  What's your level of confidence?  what if you are wrong and the BTC price doubles rather than halves as you expect?

I must say that you are well disciplined to be able to do this for straight 8 months into doing dollar cost average, I hope you are still eating enough, I don't joke about food, you need to be fit in other to survive the two jobs without harming the inner system.

The current price of Bitcoin at $40,888, $2800 will give you roughly 0.06848 which is slightly bigger than the current amount of BTC you were able to accumulate, wouldn't it be better to stack the $$ and buy bitcoin during the dip times. From July 14 of last year till now, bitcoin has dipped multiple times. You would have been able to get more of Bitcoin instead of weekly buy that will end up at high prices.

I guess that one sign that you are being sufficiently aggressive is that you are having to struggle in order to continue to carry out the regular buying.

Of course, you do not want to end up in a situation in which you have over done it.. so you gotta make sure that you are otherwise managing your money and keeping sufficient funds for emergencies so you do not have to dip into your bitcoin until it reaches a decently high and profitable status..   That would be the better case scenario... so ultimately I am glad that you were able to reach $100 per week investment/buying levels.... and of course, only you know your personal circumstances and how much sacrifice that you are having to make in order to continue to dedicate your $100 per week to buying bitcoin..   Congratulations.

The thread has been updated with my 9^th month of Bitcoin DCA journey and apologies for being late this time as have told you all previously that was busy somewhere else but have now taken out time to update the thread.

This time I went on different approach and invested $100 each week without expanding the incremented amount because there were some fund issue on my side but still decided to cope up and not hinder my investment journey which i have started so somehow managed funds.See we need to go some miles extra if we want to reach our destination and mine is still far away so going back is not a option now and getting profits also.

Will answer the above questions soon .

If you have already come to a decision (conclusion) that bitcoin is a good long term investment, then one of the best practices is to figure out some kind of way to buy in regularly, rather than waiting for dips that might cause you to frequently be waiting for dips without pushing the buy button and therefore not being prepared for UP when the time comes... frequently unexpectedly.

Of course, you can develop a strategy that combines regular buying (dollar cost averaging/DCA), lump sum investing and buying on dips.. but I will wager that you are going to fuck yourself out of a lot of psychological stake in the game by failing/refusing to regularly invest into bitcoin.. and furthermore your failure/refusal to put psychological stake in the game also results in your being inadequately prepared for UP when it comes and also contributes to your failing/refusing to actively pursue research into bitcoin in order that you can learn that it happens to likely be the best investment that you are likely to come across.. including its asymmetric UPpity nature and the ability for the poorest of the world to get involved into buying bitcoin - even though historically poor people have been locked out/excluded from a lot of investment types.  

So, yeah, you can choose to overthink the matter and attempt to nickle and dime your timing into getting into bitcoin, and I would wager that you are likely way the fuck better off to get started investing into bitcoin as soon as possible and figure out some kind of a budget and plan that is reasonable/prudent for yourself.. while considering your investment into bitcoin to be a long timeline of at least 4-10 years rather than considering how much or whether you might be profitable in such investment in shorter timeframes...

And by the way.. don't be screwing around, diluting your bitcoin investment or getting distracted into any of the so many shitcoins.  In that regard, stick with investing into bitcoin first, and maybe after you have been investing into bitcoin for a few years and studied what makes bitcoin different from other investments, including shitcoins, then you might consider exploring whether you might still want to research and invest into some other non-bitcoin project or coin.

My question to OP will be to find out if the total cash spent on accumulation of the bitcoin is not less than what he would have gotten if he had kept all the cash in stable coin and bought when bitcoin price crashed? Am thinking sometimes the purchase at intervals does not pay off, maybe op will disagree to this.

It's really not bragging, in the face of a powerful test, without exception, they all succumb to power. Only Bitcoin, withstood the test.