Quote from: Catenaccio on Today at 03:17:20 AM

Quote from: Gost ms on Today at 02:58:56 AM

if you do not deposit consistently, it will take a long time to build your portfolio. And you will fall behind your target level.

Before starting investing, you need a stable income. So that you can buy regularly or consistently. You can buy consistently by adopting the DCA method every week or month. If you have the money to buy regularly or have the ability to buy consistently but you are not consistent or consistent, then you are not a good investor. You can buy even with $ 5 using the DCA method.

Though consistency if can achieve for your investment entries and Bitcoin accumulation would be very great and helpful for your portfolio, it does not harm your portfolio and chance to succeed if you can not manage consistent accumulation like on weekly or monthly frequency.

Because consistent or non consistent accumulation, it depends on your financial status, and available investment capital. If you can not have stable and consistent income, your investment capital for entries will be affected but it will still be good for your portfolio if you can do accumulations even not consistently.

Like your initial plan is accumulate bitcoin monthly with investment capital as $200, but you fail to manage it in 3 months. 4 or 5 months later, you can invest $800 or $1,000 to Bitcoin, it will be still very good even your entry price can be different a litle bit than invest with consistent $200 DCA monthly for 4 or 5 months.

You can do whatever you like, yet I think that it is better for newbies (especially during their first whole cycle - 4 years) to be investing into bitcoin every week, so in your example of $200 per month, then that would be right around $46 per week, and there would be little to no reason to be fucking around saving for dips that might not happen, except maybe if you were to want to invest $35 per week and then save $11 per week for buying dips, then that would be reasonable and/or acceptable for a newbie to establish such a buying on the dip with with up to 25% of the amount of money that is available and allocated for bitcoin buying.

Quote from: bitzizzix on Today at 04:14:55 AM

Quote from: POPOLUV on May 01, 2025, 10:06:06 AM

[edited out]

I prefer to introduce and educate about Bitcoin to my brothers so that we can grow and develop together to achieve a brighter future, and I have done this to my brothers since 2020 and also in 2022 and they are happy to see Bitcoin continue to increase and we have also made a schedule once a month and this is not only to talk about Bitcoin but more about family to stay harmonious and warm but has a different meaning because Bitcoin makes us happy to see the growth of investment profits in Bitcoin continue to increase because until now we still hold it because it is indeed intended for the long term.
Indeed, at first it was not as easy as we wanted for them to join and understand Bitcoin well, but I am sure it will succeed because it takes a process for them to really understand well and enter in the way I suggest. Since the monthly meeting has been around for a long time, it can make it easier for me to keep trying until it works and always ask to use discretionary income according to existing capabilities to make routine purchases and consider it as a piggy bank whose results will amaze us in the long run and I feel successful besides they do DCA even though it is not in large amounts but seeing the increase in Bitcoin from before they started until now makes them more excited. So I personally think it is better to happen to our own family than friends or others because we have the same personality and nature and as an example for ourselves that allows siblings to have similarities even though they are not exactly the same, the most important thing is how we convey and also convince them.

You have been registered on the forum since March 2017. Did you start investing in bitcoin in 2017? Or did you wait until 2020? For sure, you likely realize that there could have had been a lot of opportunities to invest in bitcoin between 2017 and 2019... Those were dip years, and surely some guys got sucked into shitcoins and also may have been thinking about bitcoin as a trade rather than as an investment.

Quote from: Tonimez on Today at 05:16:05 AM

Quote from: JayJuanGee on Today at 03:13:39 AM

Quote from: philipma1957 on Today at 02:52:21 AM

Well dca 100 a week.
5200 for a year.

Do it for 5 years.
26000 in.

As for buy the dip
15x at 84k
15x at 74k
15x at 64k
The 4500 buy the dip may never happen.

But the 100 a week dca hits.
Do both.

X every week for 5 years
15x ladder down buy the dip.

I would just like to reiterate that1) I believe buying on dip tends to be a bad practice for newbies and inferior to DCA.

2) Even if anyone were to agree to putting some kind of buying on dip into play, 15x your weekly DCA is outrageously high amounts of value to be holding back for anyone who considers himself to still be in their accumulation stage...and spacing them out $10k increments is outrageous too. It is like beign scared to invest in bitcoin and overly preparing for downs that may well not end up happening.

3) If I were to agree to any recommendation that a newbie strategize buying on dips, then I would recommend no more than 25% held back in the DCA amounts and perhaps letting it build up for some time. Of course, there are some folks who come to bitcoin with lump sum amounts, so those folks would have more flexibility to the extent that they might consider any lump sum amount to be either bought right away or defered based on time (DCA) and/or deferred based on dips (that might not happen).

Many times DCA works better for the first whole cycle that most normies are buying into bitcoin, yet at the same time, sure there are some exceptions in the cases where a person might have some lump sum amounts that he is starting out with and having to consier how to allocate his buys with that lump sum amount in the three categories as I mentioned above.

@Jayjuangee, you have vividly explained this very correctly. Sometimes the way emphasis is laid on buying the Dip is misleading. Come to think about a zealous investor who has planned out his Emergency funds and back up funds, based on his basic weekly or monthly income which probably, he has a 5-10 years Hodl plan also. Why would he, out of the blues, just because of a slight market slide, invest higher than his supposed discretionary income percentage which is already meant for this purpose. He goes on to use his back up funds or emergency funds in order to buy a dip which he could also meet in his next DCA buy.

This exposes investors to greed and impatience which is detrimental to the bitcoin wallet. A strict DCA approach has its way of sometimes falling on Bitcoin dips too. Just don't get carried away by the profit you're chasing, also think about your bitcoin security and longevity. Every DCA accumulation strategy is good, but DCA approach is more healthy for any investor who wants to Hodl for long unlike Traders who focus on dips to make quick buys and sells within a short term.

If you really think about Philip's example, it is really ridiculous for a newbie (someone in their first full cycle of bitcoin - 4 years) to be holding in cash close to a year's worth of buys in bitcoin in reserve to buy BTC price dips that might not happen, even though maybe it could be tolerable for a newbie to hold in cash 1 or 2 months of the amount of his BTC buys for the buying of dips (that may not end up happening).. ... that is if we presume that he already has his emergency fund in place that also should be a minimum of 3 months of his expenses in cash.

Someone who has gotten close to accumulating enough bitcoin or perhaps more than enough bitcoin would be in a better position to consider holding back more value in cash for buying on BTC price dips, yet to me, it still seems to be a bit of a problematic mindset for guys (they overly value cash and underly value the power of bitcoin) to be considering on BTC price dips as their primary bitcoin accumulation vehicle, unless perhaps they had reached some kind of a reasonable overaccumulation status or have gotten close to such overaccumulation status (which largely means that they have calculated that they have enough or more than enough BTC)... each of us can assess that we have reached such overaccumulation status with differing kinds of formulas that account for our 9 individual factors.

Quote from: Jostern on Today at 07:50:44 AM

Quote from: Popkon6 on May 01, 2025, 01:02:35 PM

[edited out]

I don’t think Bitcoin was made to stop people from having fun, The bad habit you mentioned might just be something that keeps this fellow happy and relaxed. We can still invest in Bitcoin and have fun and be happy if we follow the right strategy for our portfolio, First we have to acesss our income and decide if we want to accumulate on a weekly basis or Monthly basis using the DCA depending on our income level, All we have to do is take care of our expenses which I think money for the unnecessary would still be involved, There is no way you can make money and you don’t have a little bit of fun, so it’s all considered in our budget, regardless of the bad habit a desired goal of a long term investment and accumulation can still be achieved having a good accumulation strategy. Let me assume you have an income of $200 dollar in a week and you decide to invest $50 on a weekly basis, Depending on your expenses with a low income rate $80, then you can consider your fun and amusement plan $20, And the remaining $50 can be building up your emergency fund gradually. I think it’s still not a bad strategy with a long term portfolio.

You are describing a situation that a person who ONLY makes $200 per week, yet his discretionary income is 60% (that is $120 per week), and he invests 25% of his discretionary income into bitcoin 25% into building up his emergency fund and 10% for whatever level of fun that he is planing to have. That scenario does not sound very realistic, yet if it were to be realistic, and if the guy ONLY has right around $80 per week of expenses, that would mean that his expenses would be right around $1,300 for 3 months, so that if he saves up $50 per week to put into his emergency fund, then he would have saved up three months of his emergency fund after 26 weeks... that is presuming that he starts with zero emergency funds, which also might be an unrealistic presumption, since many folks will common-sensically operate with 2-6 weeks of emergency funds already built up in their regular cashflow management practices, even if they had never invested into bitcoin or anything else.

Quote from: Derekfunds on Today at 10:50:10 AM

Quote from: illanz on Today at 10:01:10 AM

i plan to invest $100 weekly for 5 years ($26,000 total) to average market entry.

Op I think your calculation is wrong because if you want to be investing $100 in every week and remember in a month we have 4 weeks that is $400 a month and we have 12 months in a year that means 12 times 5 we give you 60 and then $400 times 60 will give you $24,000 so how can you are having $26,000?.

There are 52 weeks in a year and on average 4.33 weeks in a month... so illanz is correct in his calculation of $100 per week to add up to $26k by the end of 5 years investing into bitcoin at that $100 per week rate.

Quote from: Derekfunds on Today at 10:50:10 AM

That is by the way investing $100 every week is not a bad idea but if I may ask is that how big your Income is that you will be investing $100 every week. Bitcoin investment is not a competition so we should always ensure to invest moderately or based on our capacity though as a newbie you ought to take your investment serious so as to build a great portfolio but that doesn't mean you should use one third of your income to invest because one day it will backfire.

Sure it is not a bad question to make sure that illanz would be investing within his discretionary funds, and concerns that illanz also has other good cashflow management practices (including maintaining back up funds) in place.

Quote from: Mr Reporter on Today at 11:02:01 AM

Quote from: illanz on Today at 10:01:10 AM

i plan to invest $100 weekly for 5 years ($26,000 total) to average market entry.

Op I think you are getting yourself confused,

Weekly investment you said : $100
Total for a month investment: $100× 4weeks = $400
And I think your yearly should be : $400 × 12 months = $4,800

In your previous calculations it seems you had an error, just like you said investing $100 per week would indeed result to a yearly investment of $4,800 and not 26,000 so take corrections of that.

There are 52 weeks in a year. There are NOT 48 weeks in a year.

Quote from: POPOLUV on Today at 11:18:30 AM

Quote from: JayJuanGee on Today at 03:13:39 AM

Quote from: philipma1957 on Today at 02:52:21 AM

Well dca 100 a week.
5200 for a year.

Do it for 5 years.
26000 in.

As for buy the dip
15x at 84k
15x at 74k
15x at 64k
The 4500 buy the dip may never happen.

But the 100 a week dca hits.
Do both.

X every week for 5 years
15x ladder down buy the dip.

I would just like to reiterate that1) I believe buying on dip tends to be a bad practice for newbies and inferior to DCA.

2) Even if anyone were to agree to putting some kind of buying on dip into play, 15x your weekly DCA is outrageously high amounts of value to be holding back for anyone who considers himself to still be in their accumulation stage...and spacing them out $10k increments is outrageous too. It is like beign scared to invest in bitcoin and overly preparing for downs that may well not end up happening.

3) If I were to agree to any recommendation that a newbie strategize buying on dips, then I would recommend no more than 25% held back in the DCA amounts and perhaps letting it build up for some time. Of course, there are some folks who come to bitcoin with lump sum amounts, so those folks would have more flexibility to the extent that they might consider any lump sum amount to be either bought right away or defered based on time (DCA) and/or deferred based on dips (that might not happen).
Many times DCA works better for the first whole cycle that most normies are buying into bitcoin, yet at the same time, sure there are some exceptions in the cases where a person might have some lump sum amounts that he is starting out with and having to consier how to allocate his buys with that lump sum amount in the three categories as I mentioned above.

Wow! I was thinking that when i started with 40% in dollar cost averaging as a newbie that i didn't start very well when it comes to Bitcoin investment, I'm very pleased with your recommendation on the percentages to use and start with as a newbie.

I humbly choose the DCA strategy when i started investing into Bitcoin and i know that some investors knows or says that DCA strategy is not the best of strategies to use when it comes to Bitcoin investments but i must said that DCA is okay for me because ever since i have been practicing the DCA method i have being accumulating seriously.

You might be misunderstanding my above description of percentages, and Philip was giving an example of a guy who would hold back close to a year's worth of his DCA amounts for buying on dips that might not happen, which I am saying that if a person DCA's then no more than 25% of that DCA amount might be held back for buying dips... but of course, people can do whatever they like, even dumb stuff like what philip seems to be recommending.

Quote from: ginsan on Today at 08:25:25 PM

Quote from: LGD2Business on Today at 05:38:43 PM

If you bought Bitcoin around April 10, you bought the DIP. In just 3 weeks, Bitcoin has gained more than 30%. 74k worked as a solid support. We had a nice rally in April, and it continues. Let's see if 100k will be crossed again. Regardless of the price, keep accumulating Bitcoin weekly. There will be a dip and a peak. But the important thing is to increase the number of coins in your wallet.

DCA is very functional as an option to stack btc in a portfolio, we buy 4 times in one month, meaning that every time we drop we don't miss buying and running the method according to the plan that has been prepared.
However, an investor who continues to stack bitcoin will be more successful than those who always delay buying bitcoin.

Today I read an article about Bitcoin where the topic discussed the ownership of 1 btc for future financial security. With what was discussed, I think that not 1 bitcoin will be valuable for the future but 0.1 bitcoin will also be very valuable for our financial security, I mean bitcoin is a step and as small as btc ownership in a portfolio will be more meaningful for the future. Imagine those who underestimate Bitcoin, they will regret it later.
Source : https://blockchain.news/flashnews/is-1-bitcoin-enough-for-financial-security#google_vignette

It seems a bit unrealistic for any newbie into bitcoin to be aiming to accumulate 1 BTC unless he is already quite wealthy and/or able to lump sum and/or front load his investment, and maybe even a guy who invests $200 per week for 10 years might not be able to reach 1 BTC, since investing $200 per week for 10 years would add up to right around $104k invested into bitcoin, which may well not be enough to achieve a whole bitcoin. There are needs for newbies to be realistic with their investment targets, with maybe aiming for 1 million satoshis, then 2 million then 5 million then 10 million then 21 million.. etc. etc... and yeah of course, some folks have more resources to invest more aggressively (and/'or to front load their investment) than others.