Quote from: Tonimez on Today at 04:40:32 AM

Quote from: Catenaccio on Today at 02:15:45 AM

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I think that by now most old members in this forum should have understood that Aggressively accumulating bitcoin sometimes done at the detriment of your individual responsibility and/or emergency funds. This leads a person into possible chances of loosing assets in loss due to unforeseen circumstances.

You are wrong Tonimez. Aggressive accumulation of bitcoin does not mean that you are spending beyond your means or failing/refusing to adequately build and/or maintain your emergency funds, even though over-aggressive accumulation could result in some of those mistakes and/or too much risk taking.

Quote from: Tonimez on Today at 04:40:32 AM

If a person buys aggressively because he thinks the bitcoin has dipped and he acquires aggressively while expecting bitcoin to turn back up, bitcoin could still dip further because it is self determinant.

There is no reason to change your level of aggressiveness in accordance with BTC price changes. Largely the idea of figuring out your level of aggressiveness, you would be determining within your discretionary income... so aggressiveness would be spending large amounts of your discretionary income on bitcoin and whimpy would be spending small amounts of discretionary income on bitcoin, and being overaggressive would be spending beyond your discretionary income.

Just because people are talking about buying the dip in this thread, they do not necessarily need to spend beyond their discretionary income or spend from their emergency funds to buy the dip, even though sure they might choose to use some reserve funds for buying the dip.

Quote from: Tonimez on Today at 04:40:32 AM

When this happens, such investors gets discouraged anday sometimes sell at loss.

Yeah, if you fuck up you are going to become discouraged. There is a difference between being aggressive and being over aggressive and if you fuck it up, you are going to be discouraged, disappointed and perhaps you might even end up losing some if not all of your bitcoin because you are engaging in sloppy cashflow management practices and/or putting your bitcoin investment at too much risk by perhaps engaging in gambling rather than investing.

Quote from: Tonimez on Today at 04:40:32 AM

The best practice is maintaining your DCA approach with time. on the events of strict adherence to DCA,

You can still choose your level of aggressiveness within DCA investing, and DCA investing does not prevent guys from screwing up, especially if they might be managing their cashflows and/or managing their various backup funds badly.

Quote from: Tonimez on Today at 04:40:32 AM

you have many chances to also buy the dips when your DCA timing eventually falls on dip which would possibly happen more often than you could imagine.

Sure, if you are buying bitcoin every week, then it likely will end up turning out that some of the purchases were made during dips. You can also set aside some extra money, perhaps 10-20% the size of the DCA buys for buying dips. Another thing is that some guys might perform their weekly BTC buys manually, so they may well attempt to buy dips during the week when possible, rather than employing a strict time to carry out their BTC buys.

Quote from: Tonimez on Today at 04:40:32 AM

Even though it doesn't fall on dips, it allows to hold for long knowing fully well you are not out for a trade which would make you sell on every slight market shift.

Well if guys might be planning to invest for 4-10 years or longer, and if they are engaged in the various forms of ongoing, persistent, consistent, regular and perhaps even aggressive buying of bitcoin, they may well spend 4-10 years or longer just buying and building up their BTC stash size, and so at some point they might start to consider that they have enough or more than enough BTC, so at that point, they may well adjust their BTC accumulation tactics and they might even wait a whole cycle or at least several years before they transition from ongoing buying of BTC and into some forms of sustainable withdrawal whether price-based and/or time-based sustainable withdrawal.

Quote from: MusaPk on Today at 10:44:07 AM

Quote from: JayJuanGee on May 27, 2025, 10:37:41 PM

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It's the beauty of Bitcoin that we can continue with any amount. If in a particular week I don't have any money or less money compared to what I am investing then I can compensate that in future when I have additional money. The key point is never stop investing in Bitcoin specially those of us who are new and don't have enough Bitcoins. The results of continuous investing into Bitcoin will be seen after 5 or more years and then one can feel proud of his decision of investing in Bitcoin. In start it may look boring but after 5 or more years it will be full of excitement.

Sure. It is not guaranteed to go up, but it is quite likely that after a full cycle of continuously buying bitcoin (and perhaps even aggressively buying) and even 5 years you are going to start to feel that you are making quite a bit of progress, even if you might not be done accumulating bitcoin yet, unless maybe you had been able to front load your bitcoin.

Even with you MusaPk, you seem to be over half way through your 5 year journey, and even getting close to 3 years of buying bitcoin.. so that must feel good.. even though surely some guys may well have had got a slow start in their bitcoin investment instead of investing aggressively from the start (or the start of their forum registration).

Quote from: Dunamisx on Today at 11:33:25 AM

Quote from: JayJuanGee on May 27, 2025, 10:37:41 PM

What you said is not true, ginsan.
discretionary income is any amount of money that you still have after you pay your expenses.

Discretionary income does not need to be fixed or stable.
Sure, it is helpful to have stable and/or fixed income but it is not necessary.
If you say that a person needs fixed and/or stable income in order to buy bitcoin, you are adding an additional condition that is not necessary even if it might be helpful.

It is like saying that I need to have $100 every week to invest in bitcoin, and if I only have $50 this week or some weeks I have $10 and other weeks I have $200, and some weeks I do not have any, and the punchline is that there is a lot of variance in my discretionary income, yet I still can invest in bitcoin, even if those amounts and/or those frequencies are not known in advance.

Bitcoin is all about taking advantage to invest and be profitable at it, this may come by any chance and at any time, for us to be an investor, we may not have to depend on having a discretionary income which some also called a fixed source, instead we can have one or two sources to the income being generated, then plan on the accumulation pattern for our asset and device a strategy to use like DCA, which could best be applicable as at when we are capable enough to buy and hold as the market dips and as we are having our income flow coming.

Even though I might be able to figure out what you are saying Dunamisx, you are speaking a wee bit in gobble-dee-gook.

1st- sure it may well be the case that many of us investors are only investing into bitcoin because we consider that in the longer term the BTC prices are tending to go up, so in 4-10 years or longer, it is quite likely that our BTC holdings will be in profits and we will have more options based on having had invested in bitcoin as compared with if we had not invested in bitcoin. Another thing we realize is that our investment into bitcoin is not guaranteed to be profitable, but we would not be investing into bitcoin if we thought that it had a low probability of success.

There should be no reason that we are overly focused on the extent to which we are in profits - especially while we are in our earlier accumulation phases, and sure I understand the dilemma for guys who have been in bitcoin for 3.5 years like you and largely the BTC price has been going up a lot during the time that you have been in.. Well at least it went down first and then it went up, so surely you would have had some chances to buy during our quite lengthy 2022 and 2023 down period, even though we have been going up since late 2022, yet we might not have had realized that we were going up and/or that we were in a bull market until mid-to-late 2023, so there surely could have had been some guys who were failing/refusing to accumulate bitcoin in 2022 and 2023, even though the opportunities were there.. especially for any newbies into bitcoin.

Sure some guys will have more than one job and more than one source income, so it may well depend on the guy to figure out the places in which he might be able to make the most money for how he spends his time, and sometimes it might make sense to spend money in order to make money later, in terms of education and/or creating a business, so the suggestion about whether or how to create income may well be different from the suggestion whether or not to invest into bitcoin and/or suggest that methods of investing into bitcoin, since my earlier point was largely suggesting that there is not any need for strong income in order to be able to invest into bitcoin,

...and at a bare minimum, the investor into bitcoin only needs to determine the extent to which he has discretionary income in order to be able to invest into bitcoin, and surely the more discretionary income that he has, then the more options that he has in regards to building up both his bitcoin investment and perhaps making sure that his emergency fund and other back up funds are adequately built up and/or in place so that he may well feel more comfortable being more aggressive in his bitcoin investment when he has strong cashflow management practices, whether that is increasing his income or merely just having various back up funds in place. Of course, if he has both good income and good cashflow management practices, then that is better, even though both are not needed in order to invest into bitcoin.. even though discretionary income is needed to invest into bitcoin. If a person does not have discretionary income then he cannot invests into bitcoin..

Another thing about back up funds. They are build up from discretionary income, so even a person who might run out of discretionary income for a period of time, he may well still choose to invest into bitcoin from his back up funds, yet if his back up funds are drying up and if it might be unclear the extent to which his discretionary income will be replaced or come back, then he may well have to discontinue his investment into bitcoin while he is figuring out his income and/or expenses situation.

There is nothing wrong with your point about DCA investing and focusing on ongoing accumulating of bitcoin and holding, and surely even within our choices to DCA invest, we can choose how aggressive we are going to be based on a combination of our income, our expenses, our cashflow management and our back up funds... yet at the same time, if we are setting long term accumulation goals, then we may well have to invest a year or two of our the value of our expenses or our income (which is higher) in order to hopefully start to see that our bitcoin value might be going up enough that we might change our strategy away from accumulation and into holding and perhaps even later transition into some form of sustainable withdrawal.

Quote from: Dunamisx on Today at 11:33:25 AM

Doing this makes it a perfect and more convenient way to invest into bitcoin and hold, by using different strategic entry points for an investment and also strategizing on the perfect timing for us to invest on the asset and hold, mostly which is when the market dumps, then we buy to sell when it pumps.

I doubt that it is helpful for newbies to bitcoin or anyone else to be fucking around trying to figure out "perfect timing," which likely will get guys into a wrong mindset. Maybe after several years of ongoing accumulation of bitcoin, then a guy might transition into less aggressive buying of bitcoin, and perhaps start to try to time dips rather than ongoingly buying bitcoin.

It seems to me that newbies frequently get caught on ideas of BTC prices and buying dips rather than trying to stay focused on ongoingly buying bitcoin for 4-10 years or more. It takes a long time to build up a bitcoin portfolio, and it seems if guyys are overly focused on BTC prices rather than just regularly buying, then he likely ends up employing way less aggressive bitcoin accumulation strategies than if he just keeps buying bitcoin regularly, ongoingly, persistently, consistently and perhaps even aggressively. which does not depend upon BTC price changes and/or dips that may or may not end up happening.

Quote from: wakier on Today at 01:38:55 PM

Quote from: Makus on May 27, 2025, 05:12:19 PM

Fluctuations in the market price was never their problem, this is only accountable for newbie investors. If volatility of bitcoin was the problem of those early birds I don't think any would have successfully held their coins until today. When you have understand how the market operates and the major trend of the market it's easy for you to understand that bitcoin from a higher time frame is headed upwards irrespective of those minor bearish trends that tends to weigh newbies to panic and sell. When using the DCA strategy to accumulate there is no need to develop doubts to weather or not to invest during the peak price as long as your goal is to invest for a Long term, though this might be a problem for newbies but as time goes by they'll adapt to the system and understand that those are just little insignificant moves in bitcoin's major trend.

Beginner Investors need to learn a lot about how to invest so that they don't make mistakes in taking steps if they buy BTC in DCA mode it will benefit them in the future, after all, people who invest use cold money to do it, so even though they buy at a high price, it doesn't matter if they don't always look at the fluctuating coin price and don't panic if there is a decline and remain disciplined in investing.

Beginners do not need to learn a lot about bitcoin prior to getting started, since to get started all they likely need is to know whether or not they have any discretionary funds. If they have discretionary funds, then they can get started investing into bitcoin, and they can learn along the way.

Surely, if they are feeling like they do not know anything and that they need to know more, then they likely would need to error on the side of investing less in the beginning as they are figuring out their individual matters.

Quote from: Pablo-wood on Today at 02:42:52 PM

Quote from: Dunamisx on Today at 11:33:25 AM

Bitcoin is all about taking advantage to invest and be profitable at it, this may come by any chance and at any time, for us to be an investor, we may not have to depend on having a discretionary income which some also called a fixed source, instead we can have one or two sources to the income being generated, then plan on the accumulation pattern for our asset and device a strategy to use like DCA, which could best be applicable as at when we are capable enough to buy and hold as the market dips and as we are having our income flow coming.

Could this be another way of saying having a plan to consciously use DCA without having to depend solely on discretionary income? I agree with you only when there are other sources of income. For a skilled person whom in most case earn high or someone who can carryout multiple jobs before the end of the month it's much easier to apply DCA without depending on discretionary income because they have constant flow of money.

But a scenario where this opportunities are rare. I mean having the chance to earn more income then the only option is to depend on the available income which in this case fall back to the discretionary income.

Holy shit. This is confusing.

Discretionary income is merely the amount of money that a person has remaining once he takes care of expenses, so if he has more sources of income, then he is likely increasing his discretionary income with those extra sources of income to the extent that some of the new sources of income might be creating some costs too.. such as if a person has to transport themselves to the new employment or if the person might have to buy materials or equipment in order to be able to receive the extra income... of course, any sources of extra income also have a time component, which can be considered as a cost too... so there may be choices in regards to which sources of income might cost less time as compared with other sources of income.