Quote from: maydna on April 10, 2025, 08:55:26 AM

Quote from: Tmoonz on April 09, 2025, 12:37:36 PM

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The research will be about the accumulation of money, how they start, what they need to prepare, and else. If they already started, they should stick to their plan in DCA strategy because many people can not do this especially when they see the market too volatile and the price is up and down. More research will be about what they could do if the market like this, and how they can use the current situation for their benefit. The investor do not just want to have the investment but they also want to know how they can make more and more money. So they will research for other things that can benefit them especially add more profit to them.

Throughout your post, you seem to be overly preoccupied about BTC price movements, and trying to figure out aspects of bitcoin, which seems way less important for any newbie, especially in his first cycle or two of ongoingly accumulating bitcoin - hopefully within his discretionary income.

I am not opposed to guys learning various basic things, yet likely they have to learn about their own finances and psychology more so than trying to figure out details about bitcoin, beyond that it is volatile and price tends to go up over time.

They can learn about their individual factors while they are investing into bitcoin.. but they need to get started, don't get worked up about the price, and perhaps consider that they will be buying bitcoin for 4-10 years or longer, unless they are able to front load into it. Most people are not able to front load into bitcoin or into any other investment, yet if they are able to front load into it, then they might not need to remain in a strict accumulation stage for 4-10 years or more... but surely they have more options when they have actual lump sum money available... which would allow them to consider their three buying options of DCA, buy dips and/or buying right away.

Quote from: Mr Reporter on April 10, 2025, 12:06:19 PM

Quote from: Barikui1 on April 10, 2025, 10:44:17 AM

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I feel as an investor you need to understand financial planning which means investors to consider thier overall financial situation including emergency funds, before thinking of any investment such as bitcoin, why do you think most investors are having emergency funds is because it provides a safety net, reducing the needs to sell investment during unexpected events.

Why would anyone need to plan in advance? Sure it is good to know that the person has a discretionary income, and if he does have a discretionary income then he can get started right away, and also he can plan as he goes. there is no need to delay investing into bitcoin based on some abstract idea of planning, since one of the better ways to learn about bitcoin is to start to buy it, whether that is $100 per week or some other amount that works for the newbie's budget.

Quote from: maydna on April 10, 2025, 01:07:00 PM

Quote from: Tmoonz on April 10, 2025, 12:18:20 PM

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Yes, I absolutely agree with you but we have different view. The investor can buy Bitcoin in any price using DCA strategy but it would be better if they also check the price on the market and know how the market situation. It will not be a problem if they have knowledge after seeing the market that the market in a high price, but if they don't know anything and just follow DCA strategy without learning, that can make them confuse. Confuse here means they should continue the DCA or wait for a while until the price get correction. We know many investors have different habit and controlling their emotion but most of them could get panic or delay their buying time because the price is at a high without think about the DCA. Buying Bitcoin using DCA without check the market will be okay but for me, I prefer to check the market first before doing something. If the price is high, I still buy the price but I will write a note in my file that the situation is at a high. Perhaps, you have your own method as you say so that will not be a problem.

How is your system working for you? You have been registered on the forum for nearly 10 years, so presumptively you have gotten enough bitcoin by now yet maybe if you have ongoingly been employing whimpy bitcoin accumulation strategies, then you are still fucking around with accumulating bitcoin, when maybe you should have had been able to get enough by now?

Let's say that you had aggressively bought bitcoin since the beginning of your forum registration - let's say 15% of your income invested into bitcoin no matter the BTC price, then where would you be right now?

Let's say that you had an income around $35k per year, and you were investing $100 per week (which is $5,200 per year) and that would be 15% of your income, approximately and truly doable.

By now you would have had invested right around $51.2k (close to 150% of your annual income), and you would have had accumulated just over 25 BTC.

As of right now, 25 BTC would give you a 200-WMA value of nearly $1.2 million and a spot price value of $2 million, which surely I think would be more than enough to actually be able to start to live off of your bitcoin rather than having to continue to stack bitcoin. Of course, you can plug in your own numbers, yet I was using a 15% investment rate in order to show a point that there are situations in which you, or anyone else who had gotten started in bitcoin in mid-2015 could have had stacked way more than enough bitcoin to be able to live off of the bitcoin at their current income rate or perhaps even at an income rate that is several times higher than their current income rate, merely from the employment of an ongoing, persistent and consistent accumulation strategy and not fucking around trying to figure out when to buy and all of that misleading and unimportant bullshit distracting information.

By the way, if we go by the 200-WMA, then we could presume that you would be close to being able to withdraw around $120k per year, which is right around 3.4x your current hypothetical $35k income.

Even if your income had been higher, such a $52k per year, and you were investing at 10% per year rather than 15% per year, you still could have had achieved a situation of being able to more than double your income and to live off of your bitcoin into perpetuity based on a current status of having had accumulated 25 BTC.

Quote from: Samlucky O on April 10, 2025, 01:28:25 PM

Quote from: Stable090 on April 09, 2025, 09:10:52 PM

Quote from: Mayor of ogba on April 09, 2025, 07:51:28 PM

While I_Anime was advising investors to utilize the opportunity that the market has brought to buy the current dip, I_Anime didn't say that investors should use their emergency fund to buy the dip if they don't have leftover money to comfortably buy the dip. I_Anime was still of the opinion that if investors are buying the dip, they should not overdo it in such a way that they will use their emergency fund to buy the dip, which is the right way to invest in bitcoin, and it will allow investors to always solve their unexpected problems during their accumulation journey with their emergency fund.

If anyone decide to use the money that’s suppose to be used for emergency purpose to accumulate bitcoin just because their is dip in the market, what if the dip continues, and emergency arises which you will be needing the money which you used in accumulating bitcoin, you won’t have choice than to sell the bitcoin which you acculturated, and you might be selling at loss because bitcoin might have dumped more. So if money is suppose to be used for emergency purpose, then don’t invest it in bitcoin.

That's true, surely our overall emphasis lies on the fact that emergency fund should not be used for buying Bitcoin no matter the situation but to be used for only emergency, but there are situation we make silly decisions as a result of fucking up in terms of lacking in discretion fund. It could not necessarily be intentional but having issue that makes us spend all our fund that leeds to touching emergency fund. Kindly note that this situation are not a regular case schenerio but comes at least once in a long time. I could remember a postade by JJG some weeks ago where he also emphasis on this issue below is the post.

Quote from: JayJuanGee on March 15, 2025, 11:26:32 PM

I personally consider emergency funds to be something that you do not touch absent actual emergency. The reserve funds could be used for various non-emergency unexpected matters /expenses.. and also, if you run out of reserve funds, then the last resort that you have prior to tapping into your bitcoin would be your emergency funds.

He said if you run out of reserved fund then the last resort you have prior to tapping into your Bitcoin would be emergency fund. This implies that when there is no other way then the last hope would only be your emergency fund. But I would say before emergency fund would be the last hope then there should be hope for an expected income otherwise it's better not tamperd.

It is true that we want to attempt to employ practices and to create systems in which we never have to dip into our emergency funds, and of course, our emergency funds are likely our last layer of protection before we have to tap into our bitcoin, so if we are getting into a situation in which we are tapping into our emergency funds, that is likely a sign that something is wrong with our finances and/or our financial situation to have had gotten to such a state of having to tap into our emergency funds.

Of course, if we are still building our emergency funds, it would be more likely that we would end up tapping into them, but once we have established our emergency funds and our reserve funds, we likey would be using up our reserve funds prior to tapping into our emergency funds, and unless there were an actual emergency, we would not tap into our emergency funds, and buying BTC on the dip is not an emergency, at least the last time that I checked, but if some guys cannot tell the difference, then they might wrongly conclude that buying the dip is an emergency, when it is not.. and so live and learn and hopefully they do not end up putting themselves into a situation in which they end up having to sell their bitcoin at a later date becaue they had ended up engaging in bad/sloppy/irresponsible/gambling-like cashflow management practices.

Quote from: ejikeme24 on April 10, 2025, 11:57:12 PM

Quote from: Muba20 on April 10, 2025, 09:34:27 PM

For accumulating long-term investments, an investor should first have a good Knowledge of his financial situation.

Of course Before one will think of going for long term investment first you will need to examine yourself very well before you will think of making any investment plans. Because the journey is very far, moreover this journey is not the one you will go and succeed just within a couple of months No" rather it will take some years before it will yield a good profit, except you don't intend to get enough profit from your investment. That's when you can decide either to cut the journey off or you will proceed in getting to the final destination.

Many of us like to consider a bitcoin investment journey as 4-10 years or longer, and sure it is important to consider if we are able to commit to 4-10 years or longer, yet we still could get started in bitcoin without making such a commitment to 4-10 years or longer, but tentatively be considering that we may well be able to commit to 4-10 years or longer at some later point down the road.

Another thing is to figure out what our bitcoin position size might be, and surely it could make a difference if we are being aggressive in our bitcoin investment orif we are being whimpy, which also gets back to potentially sorting out various aspects of ourselves and our cashflows so that we might be able to better determine the extent that we are even able to get aggressive in our bitcoin investment approach, versus if we might have other investments that we might be considering to involve ourself in as well.

There are 9 individual factors that can be considered in the context of investing into bitcoin, whether we are newbie investors or if we maybe have been investing into bitcoin for a whole cycle or more.

I personally believe that it is not important for any new investor to invest into anything other than bitcoin when they are just getting started investing, so they might well start out with only having investments of bitcoin and cash, and then they can perhaps work out their bitcoin accumulation path from there and at some point down the road figure out if they might choose to diversify into other assets beyone bitcoin and cash.