Quote from: Wind_FURY on Today at 08:50:31 AM

Quote from: JayJuanGee on August 31, 2024, 05:17:53 PM

Quote from: Wind_FURY on August 31, 2024, 07:33:35 AM

Quote from: MainIbem on August 30, 2024, 11:42:57 AM

Quote from: Wind_FURY on August 30, 2024, 09:43:21 AM

If you ask me, it's more about use about 10% of monthly salary to DCA, then save the rest. Because if we are lucky, and a golden opportunity comes again - it might be a good time to be irresponsible and use up to 90% of your savings to buy the DIP.

Using 10% of monthly salary by salary earners is not a bad idea, I consider this one of the best approach when it comes to DCA, cause one would still have reserve funds as a leverage to take advantage of the market when their's a massive dip for instance about weeks ago when Bitcoin fell below $50k. This is the more reason why it's advised that people shouldn't loan money to go into Cryptocurrency, imagine if someone made entry with a loaned money at $60k plus and the market declined below $50k they'll end up being in a big mess cause I wonder how they'll pay off the debt, investing on Bitcoin especially when someone is using the DCA method is meant for those who got a stable income and not some jobless person trying to alleviate themselves with the little funds they got through Bitcoin.

This is merely my personal opinion, but that DIP was NOT the actual DIP. Follow and study the price and its relationship with the 200-Weekly Simple Moving Average. If you haven't made a lump sum purchase with your savings yet, then it's probably better to DCA 10% of your salary and continue saving the rest while waiting for a crash near the level of the 200-Weekly SMA.

You have not yet learned your lesson from your waiting to buy in October 2023 (around $27k) when you were waiting for lower $20ks that did not end up happening? Another thing is that historically, the 200-WMA is o.k. to use as a measurement when we finally get back into a bear market, yet we are still currently in a bull market, so you might be being a bit too greedy when you are holding back so much waiting to get close to the 200-WMA that may well not end up happening until much later... and yeah, I will concede that whether we are in a bear market or a bull market tends to be a lagging indicator, so sometimes, we can end up getting back into a bear market and perhaps the touching on the 200-WMA could be a sign that we are back in a bear market.

Ser, you're nit-picking. Why do you choose October 2023's price point when EVERYONE had a GOLDEN OPPORTUNITY to buy the actual DIP under the 200-Weekly SMA from June 2022 to March 2023. That's almost ONE YEAR of continued opportunity, THEN the price DIPPED under the line again during August 2023.

Sure we could use August 2023 or even a year ago, yet what is significant about October 2023 is that there were quite a few people (including you) who were expecting and cheering for down and saying that you could not buy BTC because you were waiting for more down.. Yet, in October 2023, the BTC market turned and the price pretty much shot up from $26k/$27k-ish and went all the way up to $73k in March 2024.. so yeah, a lot of the folk, probably including yourself got left out on that stepladder .. and we likely are not going back down anywhere close to those kind of prices.

And, your waiting strategy and fucking around with holding BTC hoping for more down before up may well end up with similar kinds of results in current prices.

Maybe that works for you, yet I even have my doubts if your waiting strategy has been working for you, and hopefully not too many newbies, or even guys in their first cycle of BTC accumulating are following such a waiting strategy rather than just figuring out ways to ongoingly, persistently and consistently buy within their budget, and maybe after they make it through a whole cycle or cycle and a half, then maybe at that point they can reassess whether they might need to (or want to) adapt their BTC accumulation strategy to incorporate buying on dips (and possible waiting) rather than mostly focusing on ongoing BTC accumulation that does not incorporate waiting strategies that might cause them to end up buying less BTC than what they would have had otherwise.

Quote from: Wind_FURY on Today at 08:50:31 AM

Quote from: JayJuanGee on August 31, 2024, 05:17:53 PM

Quote from: Wind_FURY on August 31, 2024, 07:33:35 AM

Or if you believe that 10% is too small to DCA, make it 20% monthly divided into weekly purchases - 5% of your monthly salary each week. Although that might be too high for those people who have families to support.

Your naming of percentages of gross income is really confusing, even though it could be a decently good starting point to overall consider how much income you want to attempt to target for investing/saving... ..

That's merely a rough estimation on what an individual could do/couldn't do, and what makes the comfortable. They can do 5% of their monthly salary or smaller, if that's what they want.

Sure. I suppose that we don't really disagree, except that I am suggesting that you are stating the matter in a bit of a strange/confusing way. I already stated my point in which looking at discretionary income is more important, even though surely there can be some overall target too.. that involves 5% or 10% of the overall income or something like that.. and I recall when I was younger (much before getting into bitcoin) I had almost always shot for saving/investing 10% of my income, so that I would make sure that I adapted my expenses to that I would ongoingly be able to do that, even when I had low levels of income. and surely sometimes these kinds of things can be difficult to accomplish, especially if someone might have a family to support or even expenses for personal training (such as some kind of schooling), yet when push comes to shove, we may well try to figure out how to have formulas for measuring both.. measuring within the overall income that is coming in and also measuring within the discretionary income in order that we can attempt to have better assessments in regards to what we might be trying to accomplish with the categories of income and expenses that we might have, and sometimes we might not even realize that some of our expenses are discretionary too... so then there can be internal dilemmas in terms of our attempting to figure out our priories in regards to some of our expenses as they might contrast and conflict with our desires to save/invest, too.

Quote from: I_Anime on Today at 11:45:11 AM

Quote from: AirtelBuzz on Today at 06:50:31 AM

[edited out]

Yeah that's true reserve funds play important role in bitcoin accumulating, but the main thing one should focus on is building and securing a better bitcoin investment, most time I will tell those that don't have much money to try and have a emergency funds rather than a reserve funds so that they won't endup digging their hands in their investment, during any expenses.

Because having an emergency funds as already prevent you from seeing your bitcoin as your only relying source to handle your expenses, which may help to strengthen your bitcoin investment, because at a that all you will be focusing on is how to accumulate More bitcoin rather than thinking on how to dig your hands in your investment which may endup slowing the growth of tire Bitcoin investment due to regular withdrawing of assets .

Of course emergency funds and reserve funds are variations of the same thing, and some people overlap in what they call them or how they classify their funds. One of the benefits of differentiating between emergency funds and reserve funds, is that there may be some reserve funds (that fit within the category of emergency funds) that are not going to be touched except under very dire circumstances of losing income or having some non-discretionary expense that rise to the level of going beyond our regular expenses - yet such expense fit in a category that they cannot be deferred.

If some folks think that they need 3-6 months of emergency funds yet that they can dip into their emergency funds for non emergencies, yet if they choose to not dip into the emergency funds once the go below 3 months of expenses (absent an actual emergency), then perhaps they are ONLY treating 3 months as an actual emergency fund and the amount excess of 3 months is being treated as reserve funds.