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Yes you are right what we use to accumulate and grow our Bitcoin is our Discretionary income however it is also good we have a reserve funds so when there's a dip we can accumulate aggressively using our reserve funds
some people argues that our reserve funds are not meant to be used to accumulate aggressively during a dip for me what you decide to use your reserve funds for is up to you is not something we should be arguing about, everyone that is building a reserve funds has a reason why he or she is building it.
You can do whatever you like with your reserve funds, including buying the dip.
People argue that you should not use emergency funds for buying the dip.
Emergency funds are different from reserve funds, and sure they are both kinds of back up funds, yet people are tending to argue that you have to have some back up funds that you don't actually spend unless there is an actual emergency. Buying bitcoin on the dip is not an emergency, yet reserve funds can be used for buying bitcoin on the dip, if you have any at the time that dips come.
For newbies low coiners and/or no coiners, it may well also not be a good practice to be holding fiat in reserve funds for the purpose of buying the dip, since newbies likely should be accumulating bitcoin regularly rather than holding back funds for the purposes of buying dips that may or may not end up happening.
Yeah reserve funds and emergency funds are different when it comes to emergency funds it should be used only for emergency situations like accident, sickness, house burn etc. This are emergency issues that should make you dip hands into your emergency funds, one can't use emergency funds to accumulate during a dip but one can use a reserve funds to do that.
I'm fully in support with the argument that you have to have some back up funds that you don't actually spend unless there is an actual emergency and such funds is emergency funds and not reserve funds one can do what ever he wants with his reserve funds when it comes to emergency funds it should be something very serious.
Yes you are right holding fiat in reserve funds for the purpose of buying the dip is like waiting for a dip which is not right because no one can be certain when a dip will happen so wait for something that you are not certain of may turn out to be a waste of time.
DCA strategy is seen as one of the best investment strategy because it gives you the opportunity to accumulate Bitcoin at every price as we all know Bitcoin rise and fall the price fluctuate so using DCA strategy will make you buy at every price high and low.
Using DCA strategy to accumulate will also make you enjoy the process of Bitcoin investment.
DCA also eliminates the pressure of trying to time the market or predicting it.
Lastly by sticking to weekly or monthly accumulation of Bitcoin reduces emotional decision making the DCA strategy promotes discipline in investment, there by removing panic from investors during dip and also making them to focus only on long term investment.
This is all true. Regular buying is good for anyone who is still trying to build up their bitcoin stash and they consider themselves to be needing a lot more bitcoin. Some level of certainty comes from continuing to buy which is that your BTC stash will continue to get larger, even if the BTC price is likely fluctuating a lot along the way, you are still able to figure out how aggressively you are able to ongoingly buy bitcoin at regular intervals no matter the bitcoin price...and perhaps 4-10 years or longer down the road, you will have accumulated a decent amount of BTC and even potentially put yourself at an advantage in terms of the various options that you have because of your having had accumulated bitcoin..
yet your profits are not guaranteed, even if you did everything perfectly.Yes that's true no one is certain what will come out of his or her Bitcoin investment and that is the little risk there, Bitcoin investment is risky too because just like you said your profit is not guarantee, I think as Bitcoin investor we should also bear this in mind also that our profit is not guaranteed because of the volatile nature of Bitcoin and since no one can predict correctly what may happen it means anything can happen and that why Bitcoin investment is risky however no matter how volatile Bitcoin is if you keep holding there's a great hope of getting profit even if is not certain.