Quote from: JayJuanGee on December 12, 2023, 11:32:59 PM

So yeah, let's take the person with some level of cashflow and expenses, and sometimes the cashflow might vary, so they can try to account for variance in terms of keeping and emergency fund and/or just preparing in advance for how much they might be able to spend on BTC and/or any other investment that they are considering each month. So if their monthly income is $2,400, yet by the time the calculate all of their expenses, they see that their extra cashflow is ONLY around $120 to $400 per month, so there are going to be some months where they are able to invest $100 per week into bitcoin and there are other months that they are able to invest only $30 per week into bitcoin, and so if they are averaging around $240 per month invested into bitcoin, then that would be 10% of their income going into bitcoin, and frequently it is difficult for people to save/invest more than 10% of their salary into bitcoin and/or anything else, but if they are seriously wanting to be aggressive in their BTC investment they might be able to figure out ways to have more discretionary income to be able to invest more, yet at the same time, they also might question if they might want to diversify into other assets (and I am not necessarily referring to shitcoins), but there still can questions about how effective it would be to diversify any investment prior to really building up the investment size, and even if we take an example of someone who is consistently investing 10% of his/her income into bitcoin or anything else, it is still going to take around 10 years, to build up to the size of 1 years income and/or expenses, so if some one is wanting to get to having between 20 and 30 years of income saved up (invested), then there could be some expectations that the investment grows, whether it is over 10 years time, or maybe it takes 20-30 years to get to a point in which it might be getting large enough to serve as a passive income within that size of a value that is 20-30 years of income/expenses.

It is important to account for any variance in your income and expenses to ensure you have enough to invest each month. It is understandable that there will months where you invest more and others where you invest less. As long as you are consistently investing a percentage of your income like 10% into Bitcoin you are on the right track. It is important to build up the size of your investments before doing so. It take time but with consistent investing you can respectively build up your investment size and potentially create a passive income stream.

Quote from: Litzki1990 on Today at 04:31:52 AM

I believe in investing in Bitcoin but I don't believe that an investor should invest a lot of money at the beginning of the investment. Suppose a person pooled his one year's income and invested in Bitcoin and I started investing with him. The difference between my investment with that person is that I invested the entire amount in bitcoins instead of saving money every month and also that person saved his money every month to invest more money in this case I would say I invested earlier than that person and my investment is more profitable. Having invested in Bitcoin before means that I have a better chance, since I can only afford to invest a certain amount of money every month, so why should I wait a long time to accumulate more money and then invest in Bitcoin?

If we delay our decision, we may change our decision. Maybe now I have enough interest to invest in Bitcoin and I don't have any financial need, I can invest in Bitcoin as easily now as I can in a year but I won't be able to invest in Bitcoin as easily. Maybe within this year I may face some financial problem due to which the money I am trying to save for investment will have to be spent on something else. If I can invest $200 every month then the price of bitcoin is changing every month and I can invest every time the price of bitcoin changes but the risk in my investment is reduced.

Suppose this month the price of bitcoin is 40 thousand dollars, this month I invested 200 dollars, the next month the price of bitcoin is 42000 dollars, then I invested 200 dollars, that is, the price of bitcoin is pumping and dumping at every stage, but my investment remains. On the other hand, if I invest all the money together, I don't get the opportunity to invest in every stage of Bitcoin price change.
I believe so much that if I can invest consistently then that investment is for me and I will definitely get something good out of that investment.

Investing consistently help reduce the risk of investing a lot of money at once. By investing a same amount every month we can take advantage of price changes and buying Bitcoin at different prices. This will help balance out your investment and make it low affected by sudden change in the market.

It is also important to consider that investing a larger amount at once can have its benefits. If you have a lot of money available investing it all at once can let you take advantage of immediate opportunities or price changes. It's important to think about the pros and cons and your own comfort with risk before deciding how to invest. Because this is the method which is for traders and they have the risk management. And they know the market behaviour so and DCA method is for everyone. Who can use for better investment.