Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
ginsan
on 10/10/2024, 22:16:14 UTC
Yeah.  If there is no increase in income, then all that you have left is to decrease your expenses, and sometimes it is NOT practical to further decrease expenses.  And surely there have already been a lot of guys who have been complaining about expenses increasing more than they are able to increase their income, so if that is the case, then there would be a lot of pressure on the ability to even continue the DCA amount at the same rate without reducing the amount.
Yes, it is very juxtaposed where income does not increase and expenses are greater because every type of household goods continues to increase in price, of course it becomes a burden on the mind in managing DCA to continue running properly. Sometimes there is a gap in the purchase time due to unstable cash flow but in that case DCA also runs but is only delayed at the due date. Instead of it continuing to get worse, there is no other choice but to find a side job to support cash flow to be more stable.
The burden of investment is certainly felt by everyone because of their economic factors. But the big gap is finding a job to prevent mistakes in investment.

I thought that the important point is trying to establish realistic goals - goals that are within your ability to achieve.  If you create unrealistic goals then you are likely going to underperform and disappoint yourself.   Sure there is value in terms of being consistent and persistent, especially if you might place the accumulation of bitcoin on a relatively high prioirity level.
You are right sir, the best way is to achieve the target from the initial accumulation stage to the final closing stage in one year. if it goes smoothly then the planning for the second or third year can be rearranged with a cash flow that may increase. Bitcoin has changed my life and of course Bitcoin is a priority that I focus on for the investments I have made. The accumulation rate is still running quite smoothly even though there are several factors in unexpected large expenses but DCA is still running from my initial planning.