Quote from: Olatundespo on December 06, 2024, 03:17:09 PM

Quote from: Tmoonz on December 06, 2024, 01:07:56 PM

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In the current market, buying for new investors may not be aggressive as the price trend is upward, but it is important to ensure proper use of money so as not to necessarily add discretionary money to the buy of Bitcoin.

You sound confused, Olatundespo.

First, if a a person is a new investor then presumptively such person either does not have any bitcoin or has low amounts of bitcoin, so if they are going to prepare for up, then they need to buy... so I am not sure why you are suggesting that the BTC price would necessarily affect their level of aggressiveness. Sure, their not being clear about their cash or about their level of discretionary income might affect how aggressive that they are able to be, but not the BTC price.

Second, you seem to not know what is discretionary income, since you are saying that discretionary income should not be used to buy bitcoin, when actually the opposite is true.

Discretionary income is the amount of money that is left after accounting for expenses, so any bitcoin that is bought should ONLY come from discretionary income not from other money that might be needed for expenses.

Quote from: Olatundespo on December 06, 2024, 03:17:09 PM

Investment is not in line with the conviction of rushing and to do this requires analysis of the environment.

A newbie does likely need to get started investing in bitcoin right away, yet surely their level of aggressiveness would partially relate to their understanding of bitcoin as compared with other assets, yet more importantly, they have to figure out various aspects of their cashflow, including figuring out how much discretionary income that they have, so yeah, maybe they would invest more whimpily if they have hardly any idea about what bitcoin is as compared with other assets, and then they can increase their level of aggressiveness as they learn more.. yet surely, I frequently suggest that people get started in bitcoin as soon as possible, and yeah they can adjust their initial position size down if they are still in the early stages of learning about what bitcoin is and how it compares with other assets and other aspects of bitcoin, including potentially investigating into various ways to source their bitcoins...learning about fees and perhaps various wallets in order to be able to remove BTC from the exchanges once it reaches a certain size of coins.

Quote from: Olatundespo on December 06, 2024, 03:17:09 PM

From the perspective that the market situation may be uncertain, you can first start with small savings within your tolerance and gradually increase the investment considering time and price.
/quote]

I doubt that newbies need to be giving too much consideration to BTC prices. They have a lot of other things to figure out besides price, so price shouldn't cause much of a dilemma... Now maybe they are investing into bitcoin for several years and perhaps employing various kinds of accumulation techniques of DCA, lump sum buying and perhaps even buying on dips, and maybe even approaching a whole cycle, and surely at various points along the way, they might end up starting to learn about various matters related to BTC prices, yet it does not seem to be super relevant for someone how might ONLY be employing DCA.. if they are starting out with DCA, then they almost don't need to look at price at all, since price might even distract them from considering their other 9 individual factors.

Quote from: Olatundespo on December 06, 2024, 03:17:09 PM

Another common tendency for new investors is to be very impatient and greedy for getting high profits in a short period of time which does not allow it to be long-term. Every investor should be more patient from the expectation that investing in Bitcoin is only profitable so that it is tempting to save for the long term.

What do you mean by long term, Olatundespo? Sure, you seem to be touching upon the difference between trading and investing, and surely newbies could get distractingly lured into trading rather than investing and thinking that they are investing, yet sure, if a person is accumulating bitcoin, then selling should not be part of that strategy since it does not really help out in the accumulation process.

I would think that even getting into bitcoin must be at least 4 years (or a whole cyle) to even be considered as investing rather than trading... but yeah, people have various definitions in regards to what they consider to be long term, so maybe you (Olatundespo) should describe with some more specifics in regards to what you consider to be long term and investing as compared with what you consider to be trading.

Quote from: cryptoWODL on December 06, 2024, 03:32:41 PM

....... most of the members of this thread have repeatedly said that Bitcoin can be bought all the time, there is no special moment or best time to buy Bitcoin.

I thought that that we usually say that the best time to buy bitcoin was yesterday, and the second best time to buy bitcoin is today.

Since we cannot turn back the clock, then that makes today the best time to buy bitcoin.. which largely means that anyone who has not started better get started as soon as possible, and waiting is not a strategy that helps in regards to making sure to get started ASAP.. rather than employing a less effective technique that involves waiting rather than acting.

Quote from: $crypto$ on December 06, 2024, 03:42:30 PM

Quote from: ginsan on December 05, 2024, 09:18:30 PM

I also accumulate Bitcoin with DCA but my strategy is more comfortable with weekly until now.
As I discussed earlier, I want to act more aggressively in 2025, Well maybe it takes adaptation to launch the program on the accumulation that I planned in 2025. I have prepared various considerations, where this year I budgeted 11.2% of my income to invest in bitcoin and in the thoughts that I have planned of course I want to increase it to 15% in 2025. Hopefully it can go according to expectations and planning that I have set.

Will not be too aggressive in 2025 as prices may increase considerably, will still have the usual allocation to DCA maybe weekly or monthly which was done previously in this accumulation.

I think the DCA that becomes aggressive after the bullish phase ends, then it is in the percentage will be more done by me in the future, but for now as we know bitcoin will increase still accumulation is done every month.

Yeah, but you have been in bitcoin more than 9 years, so maybe you can afford to NOT be aggressive?

Are you trying to suggest that others should not be aggressive if they are new to bitcoin?

Quote from: Olatundespo on December 06, 2024, 03:56:59 PM

Quote from: Tmoonz on December 06, 2024, 03:31:28 PM

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Of course. Income-based investing is the basis for adopting the time and DCA strategy. You should formulate an aggressive buying strategy based on your sufficient income source, otherwise you may fall behind long before reaching the point. This is another name for complete and financial freedom through which investors can accumulate (BTC) holdings of any size within their means. That is why I am more confident in the DCA strategy and through it the sky-high dream is achievable.

You are still not being very clear, Olatundespo.

Of course, if you are fairly new to bitcoin, then you should be mostly focusing on accumulating bitcoin through buying for several years, and you have ONLY been registered on the forum for less than a year, so I imagine if you have ONLY been accumulating bitcoin for less than a year, then you still have a lot of accumulating of BTC that you need to do.

Another thing that I like to discuss is how much a person is able to invest from his income, is it 5%, 10%, 25% or some other amount, and Surely the higher the percentage, then the more that you will be able to reach higher levels of BTC accumulation levels, yet even the most aggressive investor who might be able to invest 25% of his income into bitcoin, it still may well end up taking that investor 4 years to be able to invest a whole year's worth of income into bitcoin... and your level of your income or your level of your expenses can be used to measure your progress and if you are reaching your goals in terms of how much you have invested into bitcoin. So sure you have the amount that you invested over time, and then you have the amount that the investment might have changed in value due to the changes of bitcoin prices and also the changes of your cost of living (the debasement of the dollar or whatever fiat you are using to pay your expenses).

There are ways to attempt to describe BTC accumulation goals that you might have, yet at the same time there is likely quite a few variables that change through time, so that even if you are investing as aggressively as you are able to invest, it can still take a long time to even get to a point of having had invested a whole years worth of your income (or maybe the value of your expense), so then you might be able to measure how long you might be able to live off of either the principle or maybe better yet if you are able to figure out if you might be able to live off of the income (the value increase) rather than drawing down the principle.

Many people have difficulties consistently saving and/or investing even 10% of their income, yet that still would take 10 years to reach the total cumulative investment of a whole years worth of income if you are only able to invest 10% of your income into bitcoin... so each of us should be attempting to be realistic in regards to how much we are able to invest, how much time it might take, and even bitcoin can have extended periods of volatility that can screw up our abilities to get too specific in our description of our various accumulation goals.

Quote from: Dzwaafu11 on December 06, 2024, 07:26:48 PM

Quote from: promise444c5 on December 06, 2024, 03:25:20 PM

if someone is not financially stable, the DCA strategy is still always a flexible way of investing.. all you have to do is invest according to your budget without stressing it, if there’s a need to take breaks within you can do that to balance it, it’s your investment (just make sure you’re consistent ).

Yeah. I believe with what you said, but remember DCA method is just a method of investing is compulsory you must be investing everyday week or month is a method to invest because it is a easy one to invest in bitcoin, in DCA you can still invest anytime you have extra money that you wish to put in bitcoin investment but plan for a long time investment atleast 10 years before you think of taking profit.

Quote from: Ruttoshi on December 06, 2024, 05:23:27 PM

You are contradicting yourself, You are forgetting something that DCA is buying bitcoin every week or month with consistency and persistently overtime without a break. Someone who is not financially stable will not be able to carry out DCA practice in his bitcoin accumulation journey. Don't forget that a stable source of income is needed for anyone that want to start his bitcoin investment, because you are only to be buying and building regularly for 4-10 years and above.

Not really. Even with the DCA method of investing in bitcoin, you can still take a break. Just because you are using the DCA method to invest in bitcoin doesn’t mean you must be investing all the time. DCA is just a method of investing in bitcoin.

The DCA method did not have any rules, and you must be investing nonstop. The truth is that you can still take a break when you feel that you don’t have enough money to invest at the moment, and they continue when you are balanced.

Moreover, if you really want to invest in bitcoin and you want to wait till you are financially stable, then seriously, you will find it hard to do because when you think of waiting till you are financially stable, time is going, and you are missing opportunities of investing early. It’s better as someone who is planning for a good future; you should be able to remove some percentage from your earnings and invest in bitcoin.

You are correct Dzwaafu11 that DCA does not prescribe whether an investor chooses to employ such DCA in a whimpy way or in an aggressive way, so yes, each person can choose his level of aggressiveness in regards to the frequency and the quantity of his BTC purchases.