Quote from: Zackz5000 on Today at 03:56:02 AM

Quote from: MarjorieZimmermanGinger on January 10, 2025, 05:40:00 PM

Quote from: Zackz5000 on January 10, 2025, 01:31:09 PM

What you really need at first is your discretionary income then emergency fund can come later because it is through your discretionary income you can accumulating Bitcoin with and at first your focus shouldn't be on the profit yet unless you are just trading which is not even advisable to think about rather your focus should be how much bitcoin you will be able to accumulate in a long run. Both the lump sum strategy of accumulating Bitcoin and the DCA strategy are all good you can also lump sum when probably an unexpected money comes to you or maybe you won a huge amount on lottery but the reason why the DCA strategy is more adopted is because it gives you the opportunity of accumulating Bitcoin gradually either weekly or monthly regardless of the bitcoin price and keep hodling for long probably a year range of 4-10 years and more.

In some capacity we have the opportunity to reach the maximum purchase level in bitcoin and may consider the DCA pattern much better because it will provide a much greater opportunity to collect bitcoin. In living life is not just about investment and there are still many other needs that may need to be prepared so that we must have the ability to divide. People who have a view to achieving financial freedom will definitely make adjustments and how investments must be made consistently without ignoring other needs and this is where a strategy is needed so that it can be more optimal.

To achieve all that is not about how much we can buy, but how the level of consistency can be maintained properly and many people are starting to realize the process and I am sure all of us have a way to make that adjustment. Any strategy is good as long as it is done correctly because bitcoin will provide a much better life change if invested consistently.

You are right regarding your narration but I found the bouded part a bit problematic if you say any strategy is good remember that buying Bitcoin only at dip is also one of the bitcoin accumulating strategy and this may also mislead newbies to accumulate Bitcoin only when there is dip because you said any strategy is good as long as it is done correctly, buying only at dip will definitely make you make miss out more buying opportunity and will also affect your bitcoin journey what if the price keep rising definitely such investor won't be accumulating Bitcoin, while using the DCA strategy the dip should only come as an opportunity to buy more Bitcoin unless investor that has gotten to their maintenance level may decide to be buying during the dip not someone who is just new into Bitcoin investment or who has not gotten to his/ her maintenance level.

You are actually making sense, the Dip is not something that happens everytime in the market so even if an investor is consistent with it, they would not be able to increase their portfolio compare to someone or an investor that is using the DCA method but on the other hand I think any investor who wants to be using the Dip method or strategy perhaps would have a different Dip perspective, I mean he or she will set a level of Dip he or she will be accumulating Bitcoin because everyone must not a have same Dip view and interest. So, I want to ask you and the entire forum this question, is the buy Dip and the lump sum strategy not good even if it is done correctly? would there be a chance of having a good figure of Bitcoin in our holding?