Quote from: teamsherry on Today at 06:32:46 PM

Quote from: laijsica on Today at 12:55:00 PM

I disagree......! It is important that you have enough income to sustain the DCA method. You have to manage enough money to meet the daily needs of yourself and your family.
Of course....you have to need money.... you need to sufficient income for start DCA. If you have no sufficient money how can you start DCA.... Even if you not Meetup your daily needs how can you decide to put money through DCA strategies. At first you will meet the daily needs to yourself and your family than others activities. If you not survive today, what will be done in future. Yes you must be HOLD Bitcoin, you must be DCA strategies after maintenance of your beloved family. How much money do you invest through DCA strategies it's depend on daily, weekly or monthly income basis. One of the best facilities of DCA strategies that it does not getting pressure to investors.

But investing requires some basic intelligence like planning and everyone must know his numbers quite well to invest(disposal income and expenses) cause this is actually how we would know if we can afford to invest or not,

I agree with you on this. And am glad you mentioned disposable income because most investors do not know when to invest and lack putting things into consideration before investing. Before you invest you need to know have your written budget (YNAB). If you to put everything that is left or not to into investing after you have made a budget for your monthly expenses or emergency fund. It is good to understand your true expenses, there are little things we don't put into consideration but mostly come in a month where we get to spend in a month which you will feel the need to put into the budget soon. After YNAB, an investor should know the percentage left so he could know how he would spread it around.

There are times when the things we need the least are not put into consideration we still need to know that they exist by so doing we fully understand what we need and what we don't. It's a normal thing for us to pay bills, tuition fees, car maintenance, clothes, car and electronic maintenance, and other things that reoccur every month that should be included in the budget and should be well thought out before using our disposable income for investment.

Quote from: Troytech on Today at 09:33:27 PM

Quote from: teamsherry on Today at 06:32:46 PM

But investing requires some basic intelligence like planning and everyone must know his numbers quite well to invest(disposal income and expenses) cause this is actually how we would know if we can afford to invest or not, if your income is too low and can't Carter properly for your needs whether it came inconsistently or consistently you are taking a risk by investing in bitcoin and it is gambling rather than investing cause surely you can build your emergency funds and your investment is not even safe so your most likely to sell later.

What I've learnt from my own little mistake is simple, never put yourself on pressure when investing, it's not a good thing to invest in bitcoin when you k ow that your income is not enough for yourself cause if you do, it won't last and even if you decide yourself by holding on ; how long would you hold on, so it's better you do it to right way and ease yourself, the only reason I'm safe if cause I put a lot in build up my emergency funds and I'm still quite living with my parents so no much pressure I can't get help from them.

Your second paragraph is so good! Whenever we tend to put ourselves under pressure it immediately puts fear in us. Before we could control it we lost the zeal to invest or continue our investment. Especially the current decrease in the price of bitcoin has triggered more fears than greed in the crypto market. Pressure is a hindrance to achieving our investment goal.

Considering the background most people come from, maybe from extreme poverty or less. They have quite good money to invest after working hard but it is so hard for them to invest because they are scared of losing such an amount which they had worked so hard to make, the thing they do not know is that they can never get reach with that mentality. With time it becomes a psychological issue that they need to see a therapist. The truth is don't invest more than what you can afford to lose but how can this set of persons invest when they are not willing to risk anything (lose anything) when we all know that there is no investment without risk? DCA is a good solution for people like this, Like investing 5 or 10% this week from their income and doing it repeatedly into bitcoin this will give them balance with time and build their confidence in bitcoin investment.

Quote from: letteredhub on Today at 07:28:34 PM

With how the price of bitcoin has been falling after hitting the recent ATH of $73k and later dropping down to $62k just in the middle of today you will wanna think bitcoin is trying to be democratic, democratic in the sense that it wants to extend yet another opportunity (to carry everyone along not leaving any person behind) to those that are yet to buy to see a position to buy and hold before the halving eventually come into place. There's still opportunity to make profit if an investor should buy at $62k and hold waiting for the bullrun. But it will be more favourable starting to DCA at this point and continue towards the upper circle after this very one in focus, for long term holding is where the main profit making really lies in bitcoin investment.

Am not surprised that the price has dropped drastically within 24 hours and so have so many investors rather i am excited because bitcoin had gave me a better opportunity to buy at a cheaper price than I expected. Since i am dcaing i don't really care about the price which i would have bought at 72k but buying at 62k. What a difference, has helped me gain more like am buying at the dip. This is one good opportunity for new investor so that before the next ATH they would be glad they had bought below the previous ATH.