Quote from: Su-asa on September 27, 2023, 09:05:52 PM

Quote from: JayJuanGee on September 27, 2023, 05:19:11 PM

Quote from: Su-asa on September 27, 2023, 10:29:33 AM

Waiting for the dip is not always good. Although I am not yet an investor, I have observed some movement in the Bitcoin price chat. I wanted to buy Bitcoin when I had the money and, as of then, Bitcoin was $20k, but I didn't buy it because I did not have information and any strategy that I could use to accumulate more coins whenever I have more money saved separately for investment. Since I joined this forum, I have learned how to apply the DCA method whenever I start accumulating BTC. Bitcoin investment is productive when an investor has a strategy.

Waiting for the dip is not always good.. especially if you don't have any bitcoin.

If you are waiting for the dip, then you are preparing for ONLY 1 direction, which is down.

One of the basic ideas of learning about bitcoin is to prepapare yourself for either BTC price direction, which largely means that the overwhelming number of people (including uie-pooie) don't have enough BTC.. they (and you) are not prepared for UP.

How do you get prepared for UP? You start buying and you continue to buy until you have reached enough of a BTC stack size that you feel that you are prepared for UP.

Yes you are correct, if I wait for only the dip I am just heading to only one direction and that direction is just for Bitcoin price to reduce just like you said, but if I am fully prepared for the investment, I will continue buying enough BTC until I am satisfied with the amount or numbers of btc that I have in my wallet.

Quote from: JayJuanGee on September 27, 2023, 05:19:11 PM

So get started sooner rather than later rather than being a no coiner.. and sure it is better to be a low coiner rather than a no coiner and even better to be a lowcoiner who is constantly trying to increase his/her BTC stash size rather than a lowcoiner who is just waiting around and not doing anything besides talking about possibly getting some BTC some day.

With my schedule, from now till ending of next month I am planning to buy some BTC with the little money I can afford and when I buy I will used the DCA method to accumulate more coin and I will also hold for long term.

Quote from: JayJuanGee on September 27, 2023, 05:19:11 PM

The power is in those who act and also in those who try to act in a reasonable way that they don't cause themselves to have to lose their coins.. so whether that is $100 a week or $10 per week or some other amount that you believe is sufficiently aggressive but not too aggressive that you end up having to sell coins at a time that is anything but at a time that is of your own choosing.

I have a job I am doing so far, but what is keeping me from invest is I haven't keep separate money for my investment that is why I said early that maybe before the ending of next month I will invest in Bitcoin.

Many of us have already acknowledged that some people might not be in a position to be investing into bitcoin or anything else because they personally do not have their finances in a good enough place, such as having some kind of an emergency fund.

I specifically asserted that the emergency fund can be built and buying into bitcoin can be accomplished at the same time; however, surely you might not be able to be as aggressive in your bitcoin investment during the time in which you are still building up your emergency fund, and you will be able to afford to be more aggressive in terms of buying into bitcoin after you have already established your emergency fund.

I personally doubt that very much, if any weight, should be given to your own predictions about if the BTC price is going to go up or down, especially if you are an admitted no coiner.

Now, once you have established some bitcoin, maybe you have been investing $10 per week for a year or something like that (so then you would have $520 invested.. it is still not a lot.. so even after a year, you might still NOT need to be worrying about which way you think the BTC price is going to go.. and even if you invest for 4 years, at $10 per week, you still would only have $2,080 ($520x4) invested.. so maybe at some point you might start to attempt to be more strategic about your BTC purchases, but it seems like a pretty BIG ASS waste of time, as compared with just buying regularly in order to start to get your base up there, even if you might be buying some of your BTC at higher prices, you likely do not know enough about which direction the BTC price is going to go anyhow.. but if you do, hopefully you are not becoming too strategic about the whole matter and missing opportunties to just buy and continue to prepare yourself for up.

And think about it.. if you are starting out at $10 per week and then maybe at some point you are able to go to $100 per week or even more than that, it still could well end up taking you several years to get your bitcoin investment up to meaningful amounts.. With $100 per week and then 52 weeks in a year, so $5,200 per year, at least after 10 years you have invested $52k into bitcoin, so surely at that point you are likely going to start feeling that your investment size is getting to become a good amount, especially if BTC might continue to appreciate in value between now and 2033 (10 years from now).