Quote from: JayJuanGee on Today at 07:09:57 PM

Quote from: avp2306 on Today at 09:23:03 AM

The situation he mentioned is really wrong since if you really want to invest with bitcoin for long term then you should not worry about bearish or bullish situation. Since there would be a long delays will happen as there are situations that Bullish condition will take long months and the same with bearish season. So instead following his statement I guess people should know to do better approach on right way. Then decide to accumulate while you are capable and there's a chance for you to do it.

Only take a break if their are certain things happen in your life like emergency cases since there's nothing wrong to pause your activities then focus on your personal health or life for a while. Then comeback when you are emotionally and financially ready since its hard to continue our investment activities if we are disturb and we are facing bad issues in life.

You can correct me about it but this is my opinion regarding on taking a pause regarding on that matter.

I think that part of the point would be to attempt to structure your finances and psychology in such a way that "taking a break" would not be necessary, since you would try to prioritize bitcoin accumulation at least for a whole cycle and maybe for a couple of cycles depending on your situation.

Surely there are some financial and psychological circumstances that are so bad that you are not able to accumulate any BTC, such as not having any disposable income or worse, having negative disposable income in which your expenses are greater than your income... so in either of those situations, it is not easy and may even be impossible to invest into bitcoin if you had not first established sufficient quantities in your emergency funds and reserves...and yeah, as some of us have mentioned previously, it could take anywhere between a few months to a few years to really get your finances in a great place that you have both bitcoin investments and strong cash back ups that include sufficient/adequate emergency funds and reserves.

So, likely the beginning years of any investing, including but not limited to bitcoin, would be the earlier years in which you are both putting back up cash systems in place and establishing them to sufficient and/or adequate levels... while at the same time, we know that with any investing.. and perhaps especially bitcoin, time in the investment is very important, so getting into bitcoin early and establishing a bitcoin position is important to get started earlier rather than later, and some folks might not realize the importance of their needing to get in early until maybe time has passed and earlier opportunities are no longer available to them, which surely frequently happens and frequently happens at somewhat unexpected times.

Overall, I am not too excited about the idea of taking a pause in bitcoin investing, especially for any newbie, even though surely there could be circumstances that are so dire that investing into bitcoin should not be done since it is ending up devolving into gambling rather than investing, since bitcoin investing needs to come from disposable income and not from money that you might need for expenses in the short or medium term, whether that is in the coming weeks or months or even in the next 4-10 years or longer.. you have to be ready, willing and able to set any money aside for 4-10 years or not even to need that money (be willing to lose it) in order to really consider that money as an investment in something that may or may not end up paying off.. yet of course, many of us consider bitcoin to be amongst the best if not the best place to put extra money, even though we also realize that the money truly needs to be extra and not money that you actually need in the short to medium term.

I have read through your replies to every opinion. They are educating, and I think this particular one catches my attention the most.

Few people have suggested the idea of taking a break from Bitcoin investment, which I can't really support, because I see no reason why someone who is using the DCA strategy should take a break, when he/she might have not started accumulation early, and current accumulation isn't that massive.
I think the right phrase here is actually to reflect . To reflect on yourself/finance is not something that is done on a daily basis, but at a specific time(maybe beginning of a year, or every three/six months interval). To reflect on ones finance should be done at a quiet time, when you have to sit yourself down, and begin to question yourself (checkmate) on:

1. How well are you managing your finance?
2. What have you been buying most?
3. Has your spending increased?
4. Has your monthly/weekly income increased?
5. Is there a way you can increase your income?
6. Is there a way you can increase your investment funds?, etc.

By asking yourself these questions, you are already taking a break, inorder to restrategize, and make adjustments that will give you a healthy investment plan for the next phase(maybe the coming year, or months, or weeks). When these questions are asked, you should be able to identify the difference between your needs and wants, thereby cutting off your spending habits inorder to give room for more accumulation.