Quote from: Salahmu on Today at 08:50:16 PM

Quote from: avp2306 on Today at 08:05:10 PM

Quote from: Justbillywitt on Today at 07:22:13 PM

Quote from: JayJuanGee on December 02, 2023, 02:29:08 PM

You likely need more than a week for the various scenarios to work out to apply three or four of the main BTC accumulation techniques (if we include HODL as a technique).. so sure you could start out with some of them, but maybe you should explain what you had supposedly been doing in the last week in order that three you mentioned you had employed?

I received a payment from a job I did for a client, I had in mind to invest part of the money in Bitcoin, so I divided the one I have in mind to invest into three parts. 50%, 30%, and 20%. I use the 50% and bought Bitcoin immediately. I kept the 30% which am using for DCA and the remaining 20% is what I will use to buy any dip.
I wasn't using this approach before, but I learnt it from this place. So this is what I have been doing for the past week.

This is what I actually doing now and I think using 30% to 50% of my salary for accumulating is best choice to do especially right now we are really seeing a great changes happen to bitcoin. $40k is almost knocking on our doors now and I'm thinking to use my Christmas bonus to buy bitcoin to increase my holdings. I really do believe that in year 2024 we can see more great pumps.

That's why as title of this thread I also believe as what it say buy and HODL!.

Using 50% of your salary seem too high for me because is more like aggressive investment because let say your monthly basic salary is $200 and when we remove 50% you will be left with $100 so however is obvious that within the month there is every possibility that you will spend it all, and perhaps if you have a family you will have to take care of your kids needs as well as your own needs so there is every tendency that $100 will not be okay to solve those needs before you could receive another salary.

So in as much as you are eager to accumulate as many Bitcoin as possible doing it in a wrong way will result to tempering your accumulated Bitcoin, so I would suggest that instead of using 50% of your salary you could cut it down a bit to may be 10% instead because it will allow you to have a breathing space such as having a good reserve funds that could possibly take care of any needs while you keep accumulating consistently on a weekly basis.

I agree with you Salahmu that it makes more sense to be able to stick with it and not to overdo it, but if a person has his/her emergency fund in strong standings, then it might not hurt to have some periods of increasingly buying BTC.. but also when someone is being so aggressive with his/her monthly BTC buying there may be some needs to have some funds to be available on the side for buying on dips.

It can be difficult to really determine if someone might be overdoing it or not, until some kind of a negative event or an emergency comes and then if s/he is saying that he does not have any money and blah blah blah, there might have been some mistakes earlier in the process that ended up putting him/her into that position of not being able to sustainably invest in BTC and especially not be able to buy when the BTC price ends up going down... that is if it does end up going down, because there is no guarantee, either way, so that is part of the difficulties in trying to strike some kind of a balance to prepare for either price direction and to be aggressive at the same time.