Quote from: ginsan on Today at 10:22:56 PM

Quote from: JayJuanGee on September 14, 2023, 11:39:13 PM

~~.. and maybe even having some ideas about how long it might take to replenish that fund in the future.. 3-6 months? maybe a year?

That's what hinders my investment rate if I have to act aggressively in a bear market situation.

You don't "have to" be aggressive at any time that is other than what you want, and the level of your aggressiveness is like a sliding scale in which if you are choosing to be more aggressive than your usual level, you don't have to go all the way.. and frequently when you feel that you are able to be aggressive, that is because you have already measured your situation sufficiently enough to know how aggressive you feel comfortable being.

If you are brand new to bitcoin and you have not even really figure out your own financial situation, then your attempts to be aggressive would likely end up crossing over into gambling because you have not spent enough time studying the specifics of your finance and/or psychology in order to figure out how aggressive that you can be, and likely in the very beginning you might choose to error on the side of being a bit whimpy and maybe you would end up ONLY investing $10 per week when you are pretty sure that you could afford $60 to $100 per week, but you error on the side of being whimpy because you are still sorting through figuring out your budget both in terms of your finances and also in terms of your psychology.

Quote from: ginsan on Today at 10:22:56 PM

Yes, to cover emergency fund reserves will take time and that could hinder one of the DCA options that I have done so far.

Well sometimes you can do both, and you could be new to investing in bitcoin or into anything, and you realize that you ONLY have about 2-3 weeks worth of savings.. and so you want to get to 6 months ideally, but you might be willing to live with 3 months as a kind of less preferred scenario.. and so your realizing that you don't even have the basics in place may still not end up precluding you from putting some of your money in bitcoin while you are working from getting your emergency fund up from 2-3 weeks and then up to 3 months and then up to 6 months, so there could be ways that you continue to build both rather than completely staying out of investing.. because part of your power would be that you have identified where you are wanting to get to and that you are working on getting there rather than someone who is investing without actually identifying to where you are wanting to get.

Quote from: ginsan on Today at 10:22:56 PM

So at this point the cushion we have is not too strong to move aggressively in accumulating BTC so I have to adjust this step well so as not to disturb me at the DCA level at each stage. However, for those who have large emergency fund reserves, they can certainly move more aggressively in the last few days to accumulate BTC below $26k.

You are very much on the right track. The person who spent more time getting his/her shit together and has a strong emergency fund is going to be very much in a better position to deploy some of those extra reserves, and it takes time to get yourself into those kinds of strong positions, especially if you had not previously really identified with specifics where you want to be. (or need to be). Even sometimes when you are in a position of strength, you sometimes might make some mistakes that will weaken your strength for several months until you build back up to where you should be but sometimes mistakes do happen... but if you had been in a position of strength, you are in a much better position to make mistakes than you are if you are already starting out from a position of weakness... so yeah, if you had been in a position of weakness and you make the same mistakes as the person who is in a position of strength, you might end up taking yourself out of the game, and the person in the position of strength has lived to fight another day, even if that person had gotten weakened from his/her mistakes.

Quote from: ginsan on Today at 10:22:56 PM

In this case, every decision is certainly supported by their financial aspects and will not interfere with their DCA strategy.

Yeah, but what does that tell you? Probably it tells you where you want to get to being rather than being resentful or jealous about people who happen to be in a better position than you. There are always going to be people who are in better positions than you, but the more and more and more that you work on your own situation (and to improve it) then the more you are going to see that there are people in situations that are much worse than your own situation, and especially when it comes to bitcoin, we might look back in 2033 and see that there are people who are just getting into bitcoin who are way better off than you had been in 2023, however, you end up being way better off than them because you spent the last 10 years investing into bitcoin and they are just getting started, 10 years later than you... even if they are starting with more capital than what you had when you started, they are never going to be able to catch up to you.

Just imagine the person who spent $3k in 2015 to buy right around 10 bitcoin, and any person now is going to have to spend $265k in or to even attempt to get close to accumulating 10 bitcoin, so sometimes the underdog who is persistent and knows that bitcoin is a good place to put value is going to pass up some of his/her peers who are more wealthy than him because of their failure/refusal to try to find out about bitcoin and/or their failure/refusal to take any kinds of actions (even de minimus actions) to build up any kind of a bitcoin holdings, and so if you are building and accumulating bitcoin for 10 years, then you are quite likely going to pass them up in a lot of measures.. .. and of course, your passing them up is not guaranteed, but it is a kind of an asymmetric bet in which you can figure out how aggressive that you want to be and to potentially end up profiting from the upside if the upside ends up playing out.