Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: This is my plan.
by
Pi-network314159
on 21/02/2024, 07:22:15 UTC
⭐ Merited by JayJuanGee (1)
But I Think it would have been better for someone to invest higher when the value is low than waiting for the price to high before increasing the weekly DCA.

Frequently we do not have a choice, unless you are planning to gamble with your income.  So for example if a guy makes between $700 and $2k per month with a most commonly received amount of around $1,200 per month, and perhaps expenses that are mostly around $1k per month, then he only has right around $200 extra per month for his discretionary/disposable income. 

Sure it could be possible that he has other savings/investments/assets that he could draw upon, and he could also use debt to invest, but that likely would not be advisable absent some different factual circumstances, and sure of course, guys can do whatever they want, but frequently, they should be attempting to work with what they got in terms of prudence and management rather than gambling with funds that they might not have.

Don't get me wrong, I am a pretty fucking BIG advocate of front loading your BTC investment to some extent, so let's say the same person has around $2,400 that he can take from other areas and allocate that $2,400 to bitcoin investing, and if he has that amount, he could divide 1/3 ($800) for each of the three categories of lump sum, DCA and buying on dips... Or he could just put it all into BTC right away, which might put him in an uncomfortable position if the BTC price does not end up going up from the time of his buying.. and so there frequently can be trade-offs and balancing that is necessary, even with attempts to front-load your BTC investment.
I can not reply all your comment but In all your explanation I have come in conclusion that DCA should not be invested under pressure or aggression but investing what you can afford that will not affect your other plans.

Secondly DCA is a matter of choice which means if I have a higher paying job I can be able to schedule how I can invest without it affecting me. For example somebody who receives $3000 per month can invest $200 per week and it wouldn't affect him while somebody who receives salary of $200 per month, might find it difficult to invest huge rather investing the least $10per week. that is to say that the investment should be don free mindedly and not a pressure or like a by force investing which will affect the person.

Thirdly the Table is based on absumbtion which means you did it yourself and anyone else can set his target or programs himself on how to DCA. Which implies that the goal is to invest what you can afford according to your earning and also an investment which will not affect your accumulated btc. Because most people who invented on btc with aggression sell of and regretted later.

Also btc is an investment that need focus and determination to achieve it because sometimes inpatient always affect us and makes us do unthinkable things. Meaning we should be courageous to make sure we take btc investment seriously because it is an investment that's is more profitable amongst other investment. and for someone to succeed in it you must set your mind at a long term investment not investing and hoping for results within the shortest period of time.


50 dollars monthly is not that bad specially if you know which coin you are investing (this means altcoin of course) but if you are confident about Bitcoin to bring you better result for that amount then yeah put that 50 bucks in bitcoin monthly and that would be 600$ a year, that for me is too small talking about how pricey bitcoin nowadays.
Altcoin is not a long term investment it is a short term investment which has a short life spam meaning you might be jubilating with the small push up and later get disappointed when it falls off. So when talking about Investment you should be specific. Because for me Bitcoin is a long time investmet while altcoin is a short term investment, which should not be trusted. I have heard so many stories of people who invest in altcoin and got disappointed not only them but I have also do so even the last time I did it. I lost $30 and I have decided never to invest in them. Except I want to use them for low transaction fee for sending across different wallet after which I will sell an buy bitcoin.