Quote from: JayJuanGee on Today at 07:33:00 PM

Quote from: Sim_card on Today at 09:01:05 AM

Quote from: JayJuanGee on March 15, 2024, 04:25:40 PM

[edited out]

Everything that you said is correct @JJG. If an investor has decided that no matter the ugly situation that plays out during his early stage of accumulation, that he will steadily carry out his DCA purchase weekly, it is possible that he will not skip any week. It all depends on how the investor takes that plan serious and his determination to make it work out. I could remember when I just started my bitcoin journey from here, I said I will always make sure my weekly DCA is not skipped for any reason. I have an account where my emergency funds is, and I don't have much idea on reserve funds, but I can always get funds from one or two places, should incase I want to entertain myself or just go on a vacation without touching my emergency funds.

Unlucky for me one day my emergency funds account got hacked, and all my funds was stolen. Although it was all my fault due to a mistake that I made which made my that account vulnerable to the hackers. I was not happy, but I continued DCAing weekly as usual, and I was building an emergency funds all over again praying for an emergency not to occur that will affect me financially. A neighbor of mine died, and he does not have a family that any of us know about, and he needs to be buried. Nobody was able to come up with a reasonable amount of money, and this person was somehow social with people. So I had to take care of major responsibility after when I saw that, nobody is serious on how to raise funds. I don't also have any funds on me, and I had to seek for funds from a good friend of mine in my working place, and I was able to take care of the deceased bills and he was buried. All these didn't make me skip my DCA because I had to use the front load strategy for one month before I got paid

The point is that when you have determined to use DCA to grow your bitcoin investment portfolio persistently and constantly, you will always what to think of how to have different ways to raise funds, so that no matter what circumstances that play out along the line, you will be able to handle it without skipping any week, because you know that skipping a week means you have extended the time that you would use to reach your bitcoin target. One annoying thing about when you miss a week is that bitcoin price might be cheap at that time that you missed.

However, if a beginner was unable to handle the situation on ground due to his low financial strength at that moment, he can skip a week, and when he is buoyant enough later, he can buy back that week that he skipped. What I mean is that if for instance the investor had a challenge that made him skip week 6, and on week 10, he had extra money that he can use to buy twice his weekly size, he should buy to replace the midst week. This is because our income sometimes varies from month to month.

Yep. The more that you build different options for yourself and different kinds of funds, then the more likely you will not get into a pickle in regards to your BTC, and also you can some times buy extra BTC to make up for some of your earlier missing of times that you would have had wanted to buy BTC... You likely have to balance how many BTC you already have and what might be your goals, and sometimes if you perceive the BTC price to be in a dip, you may want to be extra aggressive in your BTC accumulation during those kinds of times.. but yeah sometimes emergencies or even other kinds of needs for cash will also happen during periods in which you would prefer to buy more BTC, but you only have so many funds that you are comfortable to draw upon in order to make your BTC purchases during that period.

And, yeah another thing, sometimes we learn from our stupid mistakes in which maybe we get robbed or we suffer some expenses that could have had been avoided.. but if we have some systems in place, we also might be able to keep buying BTC (or maybe at least not sell any BTC) during times in which our finances are suffering. I recall one period in 2015 that I was able to skip paying rent for 2 months on a business due to some financial hardships, and then later down the road, I paid back the rent from those two months, and sometimes if we otherwise have good relationships, we can sometimes receive favors through our business relationships.

With this we can differentiate between investment money and the money we use in the real world. So there is no need to spend the money we have invested in Bitcoin to simply meet the shortages that are occurring in the real world.
I even experience it now. When you feel down in the real world and don't have money to just buy food, it turns out there are still neighbors who give you a little gift that can be used to buy food.
So the neighbors don't know how much assets are in my postfolio, and let it remain a secret. while the daily money remains from the actual results of work.
while assets in bitcoin remain and are not sold for nothing. especially now that the asset is still being developed and is still accumulating more bitcoins.