Quote from: Justbillywitt on October 04, 2024, 08:13:42 AM

There are 4 weeks in a month,

Technically, there are 4.33 weeks in a month, since there are 52 weeks in a year, not 48... and sure there are 52.143 weeks in a year since there are 365 days in a year not 364.

Quote from: Justbillywitt on October 04, 2024, 08:13:42 AM

and if the investor divide the money and invest it on weekly basis, he is doing that because he wants to buy at the different market trends of the month. The market won't be stable all 4 weeks of the month and he wants to make sure that he takes advantage of all different markets trends that will occur during the month, that's why the investor has to divide the money and invest it weekly. Unless the investor is not utilizing the DCA strategy to make his investment, that's when he won't need to divide the money and invest weekly. But so long as he is utilizing the DCA strategy to invest weekly, there is every need to divide the money.

There is some truth that a person might buy BTC on a weekly basis in order to potentially take advantage of various BTC prices in the market during the month, yet I would think that investing weekly just allows a person to stay more active, especially since there is a bit of price neutrality with the DCA method.. even though within the buy period, whether it is weekly, monthly or some other interval, a guy could still try to take advantage of dips within the period.. but perhaps ONLY go so far in terms of waiting for dips since he might have desires to use up all of his BTC purchasing allowance prior to the beginning of the next period.

Quote from: Justbillywitt on October 04, 2024, 08:13:42 AM

Quote from: SuperBitMan on October 02, 2024, 03:35:03 PM

the only time you should invest weekly is if you are receiving your salary on a weekly basis.

This is very wrong and it is misleading. People who receive their wages on monthly basis can invest on weekly basis and there is nothing wrong with that. Even people who receive their money on weekly basis can also decide to invest on monthly basis too. There is no law anywhere that said only people who receive salary weekly should invest on bitcoin weekly.

This is a good point to reiterate, since so many guys seem to believe that they have to set DCA up based on when they get paid. Sure, there might be some logic in regards to how much cash might be available, so there could be some logic to employing DCA around the time of receiving payments, but there could be reasons to also either save money to be able to buy bitcoin every week for those who want to buy bitcoin every week, or there could be reasons to wait until the end of every month in order to be able to have confidence that no more money is needed for the month.. so in that regard, some guys might not feel comfortable to employ their DCA for the previous month until their paycheck for the next month has arrived, so some guys might purposefully wait to see how much money they have remaining before employing the DCA. It seems to me that the longer that any of us employs DCA and are investing into BTC, then it seems that the greater chances that we should be able to have more cushion in our cashflow and confidence in the amounts of money that we have, yet there still could be some pay periods or some months in which income and/or expenses might not be very clear (or without much cushion) for that particular pay period, and we might have to be more careful in terms of the amounts that we put into BTC as compared with pay periods that we have more confidence in regards to our cash cushion (and or determinations that we are really spending from disposable income rather than spending from money that we might need for expenses).

Quote from: Justbillywitt on October 04, 2024, 08:13:42 AM

Quote from: SuperBitMan on October 02, 2024, 03:35:03 PM

When you receive your salary monthly and you decide to remove the one for Bitcoin and then divide it so you can then be using it to invest weekly there's a high tendency that you may even use it for another thing with the hope of returning it which may never happen there by reducing your accumulation percentage for the month.

That is why you should have your emergency funds and reserve funds in place before thinking of investing in bitcoin. When these funds are properly in place before you invest, you won't tamper with the money you've kept aside for your weekly investment.

Surely we are allowed more flexibilities when we have different kinds of funds, so there is a certain level of dedication that comes from anyone who actually chooses to buy bitcoin right away, since that money is going to be locked up for 4-10 years or longer. Also if there is some kind of a deferral that is based on spreading out the buys on a timeline (usually referred to as DCA) or deferral based on BTC price dips, there can be a certain amount of discipline to keep that money dedicated towards buying BTC on the set conditions, yet if they buy had not yet ben made, there would be some liberty to reallocate that money towards something else, whether some other investment or towards consumption or even to just put the money into reserves or into the emergency fund.

Quote from: Popkon6 on October 04, 2024, 12:19:55 PM

If you notice, everyone will understand about this investment, because if you invest $100 every week, you can hold $400 worth of Bitcoins in a month. And that's $4800 a year you can invest, .......

Last time I checked, there were 52 weeks in a year, which would end up being $5,200 invested into bitcoin in a year if the weekly amounts were $100.

Quote from: Bitcoin Smith on October 04, 2024, 07:25:13 PM

Quote from: JayJuanGee on October 03, 2024, 05:44:43 PM

I tend to try to project my cashflow 12-20 months into the future, yet of course, the months that are closer are going to be more important to make sure that they are in order, yet sometimes we might be able to see cashflow crunch periods that go out into the future, and more so if we might have various kinds of debt obligations or we might employ debt in our financial strategies (cashflow management) or even if we have family type cost that come up down the road or even business type costs that might go quite a ways out into the future.

Well, projecting cash flow for a year or more can help us ahead of the curve and it's also not going to be easiy with predicting our day to day expenses and there's sudden opportunities that we want to utilize it but it's also more important to keep navigate through them in short way without losing our focus on our long term goals and with such mindset we get to keep ourselves solid while avoiding the blind spots.

The further out you go, the more general will be your estimates. You likely have reoccurring expenses, and some might be within a range, and perhaps you would estimate towards the higher end of the usual range, and similar with income, you might have some general amounts that you usually receive, and perhaps you wouid use the more conservative numbers, and so as the time gets closer you sometimes might revise some of the numbers, and hopefully in most months you would have more than you anticipated available for buying BTC or giving you other kinds of flexibility. If you structure in ways that you are either exaggerating your income and under anticipating your expenses, then you are likely always be in a state of stress, and contributing to your own emergencies every month.

Quote from: Bitcoin Smith on October 04, 2024, 07:25:13 PM

Life will never stop throwing unexpected expenses out on us but we need to get through it whether we like it or not and also that's not an excuse to avoid investing on bitcoin.

You can have a category in your projected budget in which you have a certain amount of your income that is dedicated to unexpected expenses, and therefore even if the expenses are not known in advance, they are already accounted for in your budget.

Quote from: Bitcoin Smith on October 04, 2024, 07:25:13 PM

Meanwhile having a short term plan like monthly budget and long term ones like how the next 12 or 24 months is gonna be and stick with it is the key to success no matter what we need to do then we avoid those bumps while making sure stay strong.

Having those kinds of projected cashflow plans seems to help, yet sometimes there will be some work involved in maintaining such projections, yet it seems that once you have your systems in place, then you can probably figure out ways to make them less work.. even though I know that sometimes when I have certain systems in place, having organized the information will sometimes cause me to want to analyze other areas of my own personal finances or maybe analyze certain outcomes, so the creation of certain kinds of information will sometimes spark (or inspire) more analyzing work. which some guys might find to be interesting, and other guys might NOT want to go down various exploration paths in regards to either analyzing past spending or the performance of past investments or to project into the future based on based investing and/or consumption behaviors and past results... There can be ways to tie some charts into analyzing overall wealth and changes in networth.. and sure some of the categories might not be specific but general to give ballpark ideas and to have charts to see how those numbers had been in the past and to project how they might change into the future, too.