Re: Buy the DIP, and HODL!

While most people now make money for a living, there are few people who can earn some extra income beyond a job or fixed income. What you suggest is certainly valid, but most people by now think that cash is the only thing that matters to them. That's basically why they convert from all other currencies or from bitcoins to cash. Because of this they cannot implement any kind of plan, because the cash withdrawals are spent on life or livelihood.

Every man needs money for his living so man engages himself in various business jobs so that he can provide his financial support.Whether people have a job or a business, they have a certain plan to set aside or insure some of the money they get at the end of the month. People should understand that if they deposit their remaining money in bitcoins, they can make more profit from bitcoins instead of cash. Bitcoin investment is easiest for those who have an additional income opportunity as they can invest in DCA method if they want. Anyone who invests in Bitcoin this way gives everyone the opportunity to deposit Bitcoins weekly or monthly. People who have a job get paid a fixed amount every month and not everyone spends the full amount of that salary. If they invest that money in bitcoin and if they accept their bitcoin investment as a bank, even if they are able to manage it for a long time, they will be able to succeed one day.

sometimes , depending on a single stream of income most expecially as an average salary earner might not give you the luxury of being consistent with your DCA methord most expecially in most countries where civil servants don't get paid on a regular bases and thier salaries can be withheld for months before paying which could be a serious setback that might possibly hinder the effectiveness of your DCA routine but knowledge and discipline entails that you understand the peculiarity of your Financial circumstances and make proper planning which might involve looking for alternative streams of income that will stand as a support system in times when issues might sprout out regarding how consistent you receive your pay.

Self management is what matters a lot in our bitcoin journey. It is not a most that you need to have various means of income before you can be consistent and persistent with your DCA approach weekly or monthly. Those civil servant that you mentioned that are not being paid regularly, it is not a problem to hinder them from using DCA strategy to accumulate bitcoin, because it is the best option that a new beginner can use to accumulate bitcoin to a certain height. Since you said three to four months is when they get paid. I know that it cannot be always maybe it use to be once in a while that the government pays them like that while the other months are being paid regularly. Such investor only needs to frontload his DCA to cover for those monthly that he will not be paid. If he is paid regularly, he continues to buy whenever he gets paid.

Having a secure source of income is of particular importance for sustaining the DCAing process.Having a secure source of income is of particular importance for sustaining the DCAing process. Once you start a project, if you don't keep it going, it will die. Irregular flow of salary is a big problem in employment whether it is government or private.If you don't get paid on time, your DCAing routine can become uncoordinated. In this case you can start again after some time (Pause) interval where no one is exerting some force on you. When you have enough you fill in the blanks.This is your freedom and getting your profit into long term DCAing.