Quote from: Tmoonz on Today at 10:12:28 AM

Quote from: Ruttoshi on Today at 04:57:59 AM

Quote from: Mayor of ogba on June 05, 2024, 05:13:34 PM

Quote from: Greyhats on June 04, 2024, 05:31:32 PM

Today we see Bitcoin going over 70k, we have been on a sideway run from the start of March to now. We saw a new ATH $73794 on 14 Mar, and have also seen some dips along the way. Anyone care to state how close they got to the dips over this period?

(Bitstamp USD$ prices on the daily chart)

20 Mar $60,760
17 Apr $59,629
01 May $56,500

From my own DCA data, looking at the lowest cost price around/near/on those dates I got corn at these prices:

March $62,000
April $62,050
May $57,033

I didnt do any dip buying, but did triple my dca amounts from May. How did you all do dca or dip?

Since I know that I am accumulating bitcoin for the long term, I am not primarily concerned about buying the bitcoin dip so that I will not be carried away by it and mess up my bitcoin accumulation journey. Based on the money I used to accumulate bitcoin monthly, I still have a long time before I accumulate the quantity of bitcoin I want to hold. So I stick with accumulating bitcoin monthly when my money is readily available for me to use. This discipline has helped me to accumulate bitcoin without going through any difficulties, and it also allows me to accumulate bitcoin when bitcoin is increasing or decreasing. This is how I accumulate bitcoin with the DCA strategy.

The DCA method have helped a lot of us since we started our bitcoin journey and I am also a testimony to it. Why I love this accumulating method is that it helps your to manage your discretionary income properly because you will always have a fixed amount that is set aside for buying bitcoin whenever you get paid. Using DCA strategy to accumulate bitcoin will also make your bitcoin journey flexible for you and you will also have time to run other business without it affecting the other.

Also I wouldn't have been able to acquire the quantity of bitcoin that I have now through DCA than any other accumulating method, because I don't think that I will be able to keep such money in fiat without tampering it assuming I am not investing it weekly into bitcoin. I just keep buying with the budget I have assigned from my disposable income whether bitcoin price is going up or down, I don't care. I now manage my income properly and I trim down my expenses because my regular DCA is my priority and I don't want any action of mine that will make me skip a week without buying.

For me I don't, and am not comfortable with the idea or assertion of considering the dca strategy to be a fixed amount, considering the fact that your investment money will be coming from your disposable income where there can be variations of expenses across week's, or months, if you are dcaing in weeks there are weeks that you may have less expenses and there are also weeks that you may spend more the same as in months too, so at when you incure less expenses you can as well increase your dca amount and as well it can reduce too depending on your disposable at that particular time, what am trying to say is that prioritizing having a fixed dca amount might make you to invest certain amount of money that maybe is meant to be used for your living expenses Will now be used for your investment just because you want to meet up with your fixed dca amount which might not be a good approach towards your investment. The dca strategy is a flexible strategy where you can comfortably grow your assets without seeing it as a burden, what is most important is consistency and working towards achieving your investment goal and objectives.

However, one can DCA in Bitcoin with a fixed amount of money for a limited time, then as time goes on, the person can increase the amount he/she uses for DCAing. Bitcoin investment is purely for those that are ready to risk their discretionary income or, let's say, disposable income. The reason is because, no matter the strategy one is using to accumulate Bitcoin for the long term, it is still risky. That is why it's important to invest in Bitcoin with a disposable income. This is the type of money that remains when you are done with settling expenses for the whole month or the main time before other money comes, and it's called disposable income or discretionary income, because it won't matter much to you even if you lose 100% of your capital.

As humans, expenses increase every day because of the unstable economy in most countries, and we know that the economy can make one spend every day, no matter how hard you try to stop it. You can only discipline yourself not to spend too much, some days or weeks, but spending is still spending. As a matter of fact, you can't stop expenses totally. The only thing one should pray for is to have a good job that pays well so that he/she can increase the amount they DCA monthly. When you have a job that pays $200 monthly and you DCA $20 monthly, then you manage to squeeze out another way you can start a small business and the business brings $100 profits every week. You can also invest $10 in the investment every week. So let's say $10 per week ×4=40+20=60 per month. So the DCAing amount has increased from $20 to $60 monthly, when you add $20 from your monthly salary and $40 from your business profit. The only way one can increase the amount you DCA is by working smart. It's not a thing that they can force. One has to plan ahead before making the move to increase the amount of DCA. There are some people who can't increase the amount they DCA because of how the economy has collapsed, so they need another alternative that can support them before they are able to increase their DCAing amount.