Quote from: Miles2006 on Today at 04:24:13 PM

What I understood by buying aggressive and I practice is it takes gradual process not just going all into at once, I will definitely increase my accumulation amount as time goes on at my comfortable zone cause there’s no law that state dca strategy must go with a fixed amount rather you can increase anytime you have the amount.

I think that the general idea is that DCA is a certain amount of your discretionary income, and the more aggressive that you are with it, then the more likely that it is going to vary every month (even if you are buying weekly) because if you are trying to invest close to 100% of your discretionary income into bitcoin, then there is likely going to be some variance in the amounts.

The lower the percentage of the DCA amount within your discretionary income, then the more likely that you can establish it as a fixed amount, so then the rest of your discretionary income will still give you various other kinds of flexibilities in terms of either goods/services that you would like to buy or if you might be just holding some of the remaining part of that discretionary income in terms of having a higher float or building more reserves - that also might have some assigned purposes.

From my understanding DCA does not have to have any kind of exact fixed amount, even though it is based on some level of regularity in regards to when your income comes in and you consider parts of it to be discretionary to be able to invest into bitcoin.

I think that a lot of people like to consider DCA as a fixed dollar amount, and there is nothing wrong with that, especially since there can be a lot of conveniences in terms fo having a fixed dollar amount, whether weekly or some other period of time... set it and forget it kinds of ideas... though I also do not like automated DCA, even though sometimes automated could be way more convenient for people so they do not have to remember to do it, and they may well be busy at certain periods and forget to do their DCA manually.

Quote from: promise444c5 on Today at 07:02:32 PM

Quote from: JayJuanGee on Today at 06:45:08 PM

These points kind of make sense, even though your numbers do not seem very realistic in terms of monthly expenses for anyone being ONLY 20% of their income, unless the person is in a more rich category.. so for example a person might be living in a place in which his expenses are only a few hundred a month, and his salary is $1k to $2k per month, but yeah, maybe you guys need to describe how you are coming up with examples of ONLY having expenses of $20 per month and how that might be realistic and also how the same guy might have an income of between $60 to $100 per month? Sure there could be some situations of informal economy and maybe you live on a farm and you raise your own food or you trade your food for someone else's food and maybe you perform labor in order to live in your house, and you don't have to pay electricity because it is free or it does not exist... but still the numbers see strange, even though surely I know some folks do have real low incomes.. yet are we even being realistic?

$20 per month is obviously a random value Grin

Sure it wasn't realistic....
I was just only following the previous example so not making a twist i did use same values just for the exp.
But to be Frank we still have some workers over here earning below $100 monthly which is why our government sucks Tongue

I don't have any problem with the idea that some folks earn very low amounts, such as $100 per month or maybe even lower, yet I have some difficulties imagining scenarios in which persons at those same levels would be ready, willing and able to invest 80% or whatever into bitcoin.. That hardly makes any sense absent some further explanation, as I suggested some explanations in which a person could have some ways of getting food through farming or services or otherwise having various expenses paid for in terms of lodging - but at the same time, even if some folks might have some really strange circumstances, those do not make very good examples, unless we explain the circumstances, and another thing that I already mentioned several times is that a lot of people (whether poor or not) have really difficult times even investing and/or saving 10% or more of their income, so when we are coming up with examples that are presuming sustainable abilities to invest even greater than 30%, then I am going to question those circumstances, including questioning if they are either sustainable, long term or maybe just trying to play the wave by gambling and using money that you cannot afford to set aside for 4-10 years or longer, which are the kinds of longer term strategies that we are aiming to discuss in a thread like this... . .

Quote from: CcnoutChopper19 on Today at 07:24:54 PM

Quote from: JayJuanGee on Today at 06:45:08 PM

[edited out]

Another thing for me and I think the best approach to accumulation is to allocate 20% to bitcoin, keep 20% as an emergency fund for things that might happen unexpectedly, and the remaining 60% to make ends meet.

Even those kinds of numbers of being able to have 40% discretionary income come off as a bit unrealistic in terms of typical situations that people find themselves in, and you might even be using the term emergency fund wrong, since you seem to be referring to having an extra amount of money as a kind of float in the month to cover unexpected other expenses that might come up. An emergency fund is generally something that is built up and would likely be a minimum of 3 months, and it should hardly ever be touched since the guy should have other funds that are available so that he never has to touch his emergency fund absent an actual emergency.. and so the size and the maintenance of the emergency fund becomes ever more important with any kind of volatile investment such as bitcoin, since we likely should be investing into bitcoin for the long term of 4-10 years or longer, so we don't want to be getting ourselves into any kind of situation in which we have to touch any of our bitcoin during that period for any reason, except our complete own choosing.. and based on various aspects of our investment thesis playing out or BTC levels accumulating to sufficiently high levels that we are moving away from accumulation and into other kinds of stages (practices).