Quote from: Agbamoni on September 11, 2023, 06:58:09 PM

Quote from: Ryu_Ar1 on September 11, 2023, 04:31:38 PM

That's the point I want to make in this case, even though in the end everyone has some views and lum slump is also the way of some people but if we really want good results then focus on being in a strategy that has a very high chance of being with DCA because in the end when we are at the starting point for investment DCA is one of the strategies and methods that are very good to do and it has been tested by some of our predecessors who have done the same strategy so in this case DCA is like a good benchmark especially for beginners.

It does not mean that we should not do lum slump like some other people who do it but it is better to focus on the most possible conditions for ourselves now. I don't have any problem if other people do lum slump because they also have their own strategies but for us as people who can be said to be new, it would be better to do the DCA strategy because this has a better probability for us as a beginner in bitcoin.

Having a strategy and not rushing into things is important. I'm always thinking about the future, and I don't believe in investing just for quick profits, especially with Bitcoin. I like that many people here focus on long-term goals. One reason I don't invest a large sum all at once is because it's better to start early when you have the money and not wait for the huge capital to be there. If I try to save up a big amount to invest later, I might end up spending it on something else. So, I prefer to invest $100 from each paycheck, spreading it out over 3-12 months. This way, I can accumulate more Bitcoin over time.

Looking at what you said at the beginning of the sentence and at the end, I actually think it has a contradiction.
You say having a strategy and not rushing is a must-have but on the other hand you want to try first by investing $100 every time you have a salary and dividing it into several months.
Honestly, I don't really understand your current strategy whether you want to try to do DCA or lum slump like my discussion with @Baby Shoes before.
I don't consider it a mistake but I think you should start trying to be clearer in your investment scheme especially if the goal is DCA.

Quote from: BABY SHOES on September 11, 2023, 08:47:02 PM

Quote from: Ryu_Ar1 on September 11, 2023, 04:31:38 PM

It does not mean that we should not do lum slump like some other people who do it but it is better to focus on the most possible conditions for ourselves now. I don't have any problem if other people do lum slump because they also have their own strategies but for us as people who can be said to be new, it would be better to do the DCA strategy because this has a better probability for us as a beginner in bitcoin.

I will do a lum sump when..... Getting a bonus from work, being able to cover the cost of necessities from the month's salary and not disturbing the emergency fund, I will do lum sump that way.

But now I will not force it, I will continue to persevere in the DCA strategy and this is probably the most practical that has been used by many people like us. So continue with the DCA strategy, there are other strategies that I will consider when I have more money.

If you feel that it is convenient then it is back to yourself but in this case the main focus should still not be lost where the DCA that is your goal from the beginning must still be carried out properly and not get interrupted at the time and amount that you have agreed with yourself at this time.
I agree with what you said in the last paragraph where indeed DCA is one of the right investment instruments for those of us who have minimal funds because apart from we can add to our portfolio it also does not interfere with money for other needs every month from the income we have from salaries because the investments we make are already in the DCA budget plan from our needs.