Quote from: Falconer on Today at 06:54:03 PM

But unfortunately, not all of them can do it. Lack of budget is the most common problem that thwarts accumulation plans for every investor, they also don't need to force themselves to get a budget by any means just because they want to accumulate on dip. You can accumulate at any time as long as you have a budget, but I don't think you should force it.

Consider that you still need a lot of money to meet your daily, weekly and monthly needs. In fact, you still have to consider unexpected costs, bills and so on, so there's nothing you need to force even if the price is being corrected.

Investors who are targeting buying on dips certainly already have a budget of funds that they have saved from the initial investment planning that they implemented. Indeed, sometimes many people miss the moment to buy dips because they don't have the budget at that time. But if they routinely accumulate bitcoin every week I think it is more appropriate than implementing a buy on dips plan that targets a 50% decline.

In fact, the need for a budget for living needs of course doesn't bother anyone in the investments they make. because we have to go back to the initial planning where if we are able to budget 10% of our salary for Bitcoin investment, of course we will no longer be stressed for the needs of daily life. 10% is quite reasonable for invested funds, even many of them budget 15% for their investment budget.

Quote from: Jon pyagbara on Today at 07:24:23 PM

Am still learning on this space, but let me throw in my opinion, for me I think at this point we don't need time the market, because no one knows when the bull will make its run, so as an Investor you just invest in this digital asset, then wait for the bull run , because the bull is a certainty just that we don't know when it will come , this is a type of investments you put on a long term, so you will have more profits,
But while Investing risk management strategies should be put in place too, just incase it doesn't go as predicted.

Bitcoin investment, you have to mention it in detail so that it can be understood by many people. If you are a beginner, you must practice DCA in bitcoin investment. You don't need to worry about the price because DCA doesn't look at the price when you accumulate Bitcoin. learn slowly and invest normally without any pressure on your budget.

Quote from: macson on Today at 08:02:33 PM

the beauty of the DCA concept is that you have set aside your money every month with the same amount without you needing to sell back to meet your needs, your monthly income example is $100 then you determine to set aside $30 every month for buying bitcoin every month in a few years or certain time interval.

DCA is the best, everyone likes it because our target is long-term investment, so DCA is the most reliable strategy.