Re: Buy the DIP, and HODL!

Is it compulsory that the dca amount must be a fixed amount? If yes that means investing can be burdensome and can make investors to use part of the money that they should have use to solve their expenses to completely their routing fixed amount of money for DCA at whenever their expenses becomes more larger than the previous week or month, for those that have a stable source of income probably a permanent job having a fixed amount for DCA can help to become more discipline in fact it can even become automated in a considerable way that it will not have a negative influence in sorting out their other needs, but for those that doesn't have a stable source of income maintaining a fixed amount for DCA will definitely become more difficult because of irregularities in their income flow, that is to say DCA amount shouldn't or must not be compulsorily a fixed amount for flexibility.

It is not compulsory that that the DCA amount must be fixed amount,an investor can decide to be using a fixed percentage of his discretionary income let says %70 to be doing DCA or more and this fixed percentage is not a fixed amount it varies with the investors discretionary income.An investor can decide to increase or decrease his DCA amount as per his level of discretion.however as long as DCA is concerned the investor must maintain buying bitcoin at regular intervals and holding for a longer time.An investor DCA strategies should be able to suit there income flow and long term goals.

As you can see the definition of the dollar-cost averaging (DCA) by Google, it involves investing an equal amount of money consistently so even if your discretionary income increases and you also want to increase you DCA amount, it must be done equally at regular intervals. An investor who has reserved funds can still decide to be investing all their discretionary income in buying bitcoin because the reserved can still stand for miscellaneous expenses that you didn't bargain for, so even if you use all your discretionary amount, it won't be a problem for you.

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Dollar-cost averaging (DCA) is an investment strategy where you invest a fixed amount of money at regular intervals, regardless of the market's fluctuations, aiming to reduce risk and potentially achieve a lower average purchase price over time. Link

You are reading that definition (which is an AI construction) too strictly, since DCA can vary based on exact time and also in terms of exact amount and still be DCA. You could choose to invest 70% of your discretionary income into bitcoin, or maybe you can choose some amount that fluctuates based on some other matters that you consider to be priorities for you.

I know that Google definition is based on interpretation of an AI but however, i might sound too strict or take the definition too seriously but it doesn't mean that anyone cannot also apply their own best practices and still refer to it as the dollar-cost averaging strategy and it still work perfectly for them. I thought a discretionary income is a left over amount after one must have attended to other basic things needed which means that an investor can choose to go all in with his discretionary income and invest in bitcoin since he already have other income to take care of any other issues that may come up later on. This means that the DCA amount is also part of the discretionary income hence one can still plan it in a way that they can maintain same amount of their discretionary income each time they want to DCA.

It is fine if you support the motion that investors should maintain a fixed amount of money when they are DCAing in bitcoin, but you saying that people can apply their own practices and still call it the DCA strategy sounds confusing and misleading because newbies can decide to accumulate bitcoin with a lump sum strategy and call it the DCA strategy, which is totally a different strategy from the DCA strategy. It would have been better if you had said that investors who can maintain a fixed amount of money DCAing should go ahead and do it, and it would have been simple for newbies to understand the message you are passing. If you carry out research on the DCA strategy, you will be told that the DCA strategy is accumulating bitcoin with a fixed amount of money at regular intervals, but the knowledge that has been shared here lets us know that maintaining a fixed amount of money in DCAing is not compulsory so that you wouldn't find it difficult or put yourself in difficult situations in meeting up with that fixed amount of money when DCAing. You can DCA with any amount of money and still arrive at a reasonable amount of bitcoin.