Quote from: POPOLUV on Today at 09:55:09 AM

Quote from: Nightwatchmare on Today at 07:42:16 AM

Quote from: Bd officer on Today at 12:59:08 AM

Quote from: Nightwatchmare on March 19, 2025, 11:24:08 PM

It has helped me understand how significant and reliable dollar cost averaging is when accumulating bitcoin. If i receive my monthly salary by the end of this month and if i solve my monthly expenses, I will use the remaining money to start accumulating bitcoin.

First of all I will tell you that investing in Bitcoin requires long-term planning. If you don't have a long term plan then investing will be risky for you. Now you said you will get salary at the end of this month. Now if after your monthly expenses, if there is any money left, then you can invest. Now invest what you can afford to lose, don't invest more than you can afford to lose. You should keep the fund for emergencies, so that you don't have to sell investments for emergencies. You have got the idea about DCA strategy, so you can invest on monthly basis in DCA method from your monthly salary.

Thank you for looking out for me and providing me with useful information that will help me have a successful bitcoin investment. I have read so many posts here, and it has guided me to know that bitcoin investment is safer when you have a long-term goal at the start of your investment, and that is why i would use the remaining money after i have solved my monthly expenses to invest in bitcoin. Emergency funds is important in bitcoin investment, but i will not build my emergency funds quickly since i have no bitcoin in my possession. Maybe when i have bitcoin in my possession, i will start building my emergency funds.

Life is all about planning and knowledge is power, know knowledge is a waste, the little things i will like to impact to you is that, when ever you ready to start up your investment, you should always have it in the back of your mind that you buy buy buy buy dip and hold, and inside the buy buy buy buy buy your emergency fund should be included, so that as you are starting to grown your Bitcoin gradually your emergency fund will also grow along with your main investment that will grow for long term.

You don't get carried away by the topic of the thread in your assertion of buying the dip, you need to understand that a no or low coiner doesn't have to prioritize buying the dip before starting their investment rather they should prioritize buying Bitcoin with DCA strategy and buy Bitcoin irrespective of the market conditions whenever they have their investment money( discretionary income) readily available, consistently, persistently and even aggressively without over doing it while the dip can only be use or serve as a secondary accumulation strategy that's if they have preparation made for it, perhaps a consistent DCA also have the opportunity of buying Bitcoin in dip since you will making investment decisions without timing the market, you buy the time and in different intervals, the dca happens to be an efficient strategy of buying Bitcoin especially for a started who needs to be managing his emotions while building their confidence about the market, anyone that is ready to start their bitcon investment should get the fucking started with the dca strategy and not to talk about buying the dip,