Quote from: Silikiem on Today at 09:30:21 AM

Quote from: JayJuanGee on Today at 05:30:56 AM

[edited out]

Well said, no doubt that in past couple of years there have been a slight change in attitudes or behaviors among bitcoin investors which have caused a great decline in their bitcoin portfolio and also affected their level of accumulation. Instead of focusing on accumulating bitcoin over time or stacking sats for the long term goal, they are more intent on short term gains, and waiting to buy the dips and at such when all of this put together, there’s every tendency that you’ll have troubles being consistent with your on going bitcoin accumulation. For sure one’s financial situation also plays a role in your level of accumulation, and don’t also forget that even if you’ve got a steady and good source of income, without a good financial management skills there’s also a tendency that it will affect your level of accumulation and also shows a decline in your bitcoin portfolio.
With the right mentality, you’ll be able to maintain your consistency while accumulating bitcoin, in all walks of life we believe that bitcoin have value and will appreciate more over time. Waiting to buy the dips won’t help your level of accumulation and also investing for the short term quick gains won’t also help. But if your initial strategy is focused on the long term goal it will sure help especially with your level of accumulating bitcoin, whereby you adopt the DCA method of accumulation.

It’s never too late to go back and possibly start again like someone who’s a newbie with the right mindset of investing in the long term goal, the DCA method is helpful as it will help you to spread out accumulation over time and reduce the idea of procrastination and timing the market and still provides you an exposure to long term focus and growth.

If we screw up, we cannot go back and fix our screw ups. We can ONLY attempt to learn from our past mistakes and plan (and act) from the present in order to attempt to try to go forward with plans and actions that are based on current circumstances and our assessment of such current circumstances.

Quote from: Kelward on Today at 11:22:38 AM

Quote from: Tonimez on Today at 05:44:56 AM

Quote from: jems on Today at 05:08:35 AM

Quote from: JayJuanGee on June 15, 2025, 10:54:56 PM

[Edited out]

There is no doubt that making Bitcoin investments with the DCA method consistently over a long period of time is likely to generate a lot of profit, especially for the next 4 years.

will not be liquidated if we are consistent with the plan that we have set from the beginning, but the problem faced is the difficulty in maintaining consistency in what we do because of the many reasons, both falling market prices causing panic or real-life problems that prevent us from being able to continue to consistently make Bitcoin purchases regularly, the rest is nothing, if we can be consistent then I am quite sure there will be quite a lot of profit that we can get in the future.

There's absolutely no much difficulty in being consistent with your bitcoin accumulation so long as your basic income keeps coming in. Anyone who has understood bitcoin investment won't also panic over market shifts due to bitcoin volatility. Panic sellers on the other hand may have been Traders masked as bitcoin investors. Whichever way, understanding bitcoin investment is the first most necessary step any investor has to take before getting into bitcoin accumulation.

The DCA method has made bitcoin investment much simpler and less stressful. Continuous accumulation could give you an amount of bitcoin you may not imagine within a period of 4 years and beyond. To safeguard your asset, you also need to build your emergency funds and back up funds very strictly as that's the only cushion you have for your investments. Also taking care of your daily responsibilities would also help you keep a good mind and discipline over your investments.

Being consistent in DCA method is not complicated even for a newbie, if they understand basic knowledge like how to protect their wallet from scams and hacks, they can learn increase their knowledge as they progress. For serious minded investors who understands the potentials of Bitcoin as a store of value, the only thing that can be a clog in their DCA strategy is MONEY. It takes money to grow and increase your stash and be accruing more ROI, if the money stops that means that you're depending only on ROI to continue being profitable on the long term inorder to increase your hodl.

If the money stops, then a guy could end up fucking himself over to the extent that he is neither able to get money to keep coming in to at least cover his expenses so that he does not have to start to live off of his bitcoin at a time that is prior to his having had reached overaccumulation status.

Guys can really end up fucking this up, since they get overly focused on recognizing their level of profits and/or gloating in the size of their BTC stash, so they either fail/refuse to keep stacking bitcoin as they should do or as an alternative allowing sufficient time to pass so that there might be an alternative way that they might reach overaccumulation status... and when they start to prematurely draw upon their investment, then they really end up screwing up matters so that they might either greatly delay reaching fuck you status, or worse yet to contribute to such a situation that they are never able to reach fuck you status, even though they had been on the path of getting to fuck you stasus if they would have exercised more diligence in regards to making sure that they are either continuing to contribute to their funds and/or to not be prematurely drawing upon their funds.

Quote from: Kelward on Today at 11:22:38 AM

The solution to not falling into the trap of stoping your DCA strategy after knowing how profitable it is, only if you continue to find ways to increase your income.

Increase income and/or to replace income when it had been diminished or gone away. Another thing is cutting expenses, yet the combination of how to deal with their investment management in light of their options can have a lot of possible paths forward, in which mistakes can end up being made - including that there may be various times in the lives of guys that they may well need to invest into themselves and their education, skills and/or connections in order to potentially increase their future employment and/or income levels in the future, so sometimes there can be tough decisions that need to be made that are not even certain in terms of the future pay offs.

Quote from: Kelward on Today at 11:22:38 AM

Problems hardly decreases, so if your responsibilities are increasing and you're on the same income you'd be forced to forgo some secondary expenses to survive. For some investors it'd have to unfortunately be their Bitcoin accumulation that has to be halted or stopped. So in conclusion to sustain your DCA method after you've known all it's benefits in the future is to try and think outside the box to increase your income.

We are likely talking about similar kinds of decision-making issues that guys might be faced with in terms of either dealing with changes in income coming in, yet also there can be decisions in regards to how to keep being able to invest into bitcoin, and perhaps at which point a person might have to discontinue investing into bitcoin and also at what point that he might start to dip into his bitcoin investment.. so surely a lot of these matters could stem from either losing income or even cost of living going up so that the same income is not keeping up with additional costs or even questions that might deal with ways in which income might be able to be increased to the extent that income increasing, expense decreasing might be feasible and how that affects the continued accumulation of bitcoin since at some point if there are signs that discretionary income no longer exists, and if reserve funds have been depleted, then BTC accumulation would also stop.. and it seems to me that once a person is dipping into their emergency funds, they are no longer accumulating bitcoin at that point..

Quote from: Cossyblack on Today at 11:34:15 AM

Quote from: Jostern on June 15, 2025, 06:11:11 PM

[edited out]

I believe people are not venturing into Bitcoin for fun but for profits making. And whosoever believe he can make enough profits from holding Bitcoin overnight isn't an investor but a trader as making surplus Profits that will be enough to transform/change one financial status for the better doesn't happen quickly but also requires a steadfast consistency in accumulating Bitcoin and holding it for a longer period of 10years and above. This type of approach is essential for an investor with a Long term plan in Bitcoin who is also determined and focus on making good and reasonable amount of profits from his portfolio as he can only achieve better results if he can be patient to hold for a very long period time. The bigger the stash and the longer he can hold will determine the size of profits he will make from his Bitcoin portfolio in the long run.

You are probably correct about everything you say Cossyblack - yet your post contents still seem to contain bits of presumptions that bitcoin profits are guaranteed when they are not. Bitcoin profits are not guaranteed, even in the long run, due to both execution risks and also risks with the underlying asset itself.

Quote from: Jostern on Today at 11:39:10 AM

Quote from: JayJuanGee on Today at 05:30:56 AM

[edited out]

That is quite true, in my short time of accumulating bitcoin I’ve had some little experiences where I have fallen short of accumulating more and being consistent in the sense that you’ve faced some difficulties along the line with some little details of unforeseen situations, sometimes you just have to consider if you have actually accumulate on a weekly basis or on a monthly basis either which way that is preferable and sustainable, sometimes newbies might have challenges accumulating on a weekly basis either which way that is sustainable or they can consider why don’t I do it every two weeks or every three weeks trying to get every means possible to stay consistent and continuous accumulation.

I tend to prefer weekly accumulation, yet surely there are some guys who have cashflow intervals and/or even uncertainties in regards to expenses that might contribute towards making difficulties to accomplish weekly BTC accumulation.

I think also the longer that any of us are investing into bitcoin, and if we are also working on our cashflow management skills while trying to assure that we have steady income, then we likely would be able to build up reserves so that we may well be able to carry out weekly bitcoin buys, yet surely we would not want to be trying to carry out weekly bitcoin buys if it is not practical for our own situation, so in the end, we have to figure out our own priorities based on our own particulars.

Quote from: Jostern on Today at 11:39:10 AM

Instead of falling short I have to decide to find different means possible to help and stay consistent and stay on track in my levels of accumulation. Now most importantly it is necessary for me to continue to access my income and also apply this strategies of managing my financial situation and my cash flow, probably I have to think of cutting some unnecessary overhead expenses depending on my level of income on a weekly basis or monthly basis then I can think of a way to stay disciplined as well to help and achieve that level of consistency in building my portfolio, making mistakes are part of life and it’s important to address them by just being able to figure out a solution to be consistent in accumulating bitcoin.

Sometimes there could be ways that we are able to be creative with our income and/or with our expenses, and for example, maybe we have a practice of buying around 10 pounds of various kinds of meats every month (maybe on average of a couple pounds per week), and we also have various fruits and vegetables that we regularly buy, and when we add it all up, we consider that those kinds of expenses add up to around $100 per month, and we realize that if we pool together with one or two of our relatives, then we could buy some of that in bulk and then split between us, and maybe we even would be able to get more food, more variety of ingredients and also maybe it ends up costing around $70 per month rather than $100.. so then there ends up being a savings of around $70 per month and better quality food.

Maybe we had also identified some ways to buy some things (like clothes and computer items and perhaps even some transportation matters) at a reduced price (used rather than new) or some other kind of a cost savings, and so then we figure out if we take those measures for the next 6 months, then we likely would end up saving around $300 over 6 months, which ends up being $50 per month, even though we might not be able to realize the actual savings until a few months down the road (so the savings are not initially felt).

Maybe we have a partner (or maybe spouse) who had been insisting on going out to eat 2 times per week, which tended to cost us around $70 to $100 for the two times per week, depending on the details. After negotiating with the partner regarding our past practices and the potential for savings and the likelihood that the saved money would end up going into bitcoin, we came to an agreement that we would try to be more strategic in regards to our frequency in going out to eat in order to save on the costs, but still to be able to go out to eat on a less frequent basis, and we largely agreed to cut back to going out to eat at most 4 to 6 times per month, and since on average there are 4.33 weeks per month, we figured that this flexibility would end up saving a lot on the going out to eat costs and the spouse was able to appreciate that cost savings would likely go into bitcoin..and perhaps we had been able to gamify the whole agreement to show a special accounting in regards to how many bitcoin (satoshis) we have been able to accumulate by agreeing to specifically keep track of the saved amounts and the bitcoin that was bought through the saved money.

Quote from: Taskford on Today at 12:23:14 PM

Quote from: Kelward on Today at 11:22:38 AM

[edited out]

I wonder on what area does DCA method became complicated while the fact investor don't need to do any technical things or predict the future price since they can buy Bitcoin anytime and what price exist in the market.

This is like emotion free investment since what they need to do is to buy hold then be consistent on their accumulation.
Also they can start with small amount then try to increase their investment when they are capable to acquire lots of Bitcoin in future.

I will generally agree with you Taskford that neither investing into bitcoin nor DCAing needs to be complicated, since they are likely based on skills that we already have, yet it still takes practice to make sure that we are spending within our discretionary income, and surely the more aggressive we want to be in our bitcoin investment will likely require paying attention that we are not screwing things up.

Another thing is that not everyone has steady income and/or steady expenses, so maybe they might try to figure out a weekly DCA amount that gets extracted automatically from their pay (or bank account) no matter what, but then if their income and/or their expenses are not steady, then they likely would end up being too whimpy in their bitcoin investing.. so there could be difficulties finding a good balance and/or a to make sure that we are both learning about bitcoin and incorporating our learnings into our practices. There likely are not too many of us who can say that we know everything that we need to know about bitcoin. I surely would not say that about myself, even though I have been studying matters related to bitcoin and also cashflow management for nearly 12 years (since late 2013), and I also came to bitcoin with already existing investment and cashflow management experiences (more than 20 years prior to coming into bitcoin).

Quote from: Promocodeudo on Today at 12:30:32 PM

Quote from: Cossyblack on Today at 11:34:15 AM

[edited out]

I don't think anyone will ever see Bitcoin as fun stuff, I think an investor can say he or she is happy when he keep accumulating and notice that his or her accumulation is progressing then we can actually say is fun but for me I see Bitcoin investment as a serious thing so no jokes, the only set of people that think that they can come and make it big in a twinkle of eye in Bitcoin investment is either those that doesn't understand Bitcoin investment concept and how it works or traders just as you said apart from this set of people there's no investor that will have such mindset concerning Bitcoin.
I think it is an established fact that Bitcoin is not an investment that one thinks that he or she can just invest and hit it big time immediately, there are processes that has to be followed if any investor wants to actualize he or her aim in the said investment which is continues accumulation steadily and hodling for a long-term.

I have a hard time concluding that there is anything wrong with trying to make bitcoin investing fun, since there seems that there can be fun in even keeping track of the bitcoin investment (and perhaps even other investments) and getting better at cashflow management, there are likely ways to try to make it both fun and interesting.

Quote from: cxtreenal on Today at 06:48:11 PM

Quote from: Fara Chan on Today at 06:07:56 PM

Quote from: Dunamisx on Today at 01:11:51 PM

[edited out

Bitcoin investment requires a steady source of discretionary income to keep it on a smooth path for a long time. Having that source allows you to target your investments in a planned manner. Long-term goals can be a bit of a daunting prospect for new investors, but a steady source of income teaches them to master the strategy and makes them realize the need for an emergency fund. Bitcoin teaches them how to hold and accumulation through volatile prices.

Discretionary income does not have to be steady in order to get started investing in bitcoin.

Discretionary income (or funds) could mean that I have $10 left this month after covering all of my expenses, and therefore I am going to invest this $10 into bitcoin.

Surely continuing to buy bitcoin would likely need an assessment of discretionary funds each time that a purchase of bitcoin is made, yet sure if a person has a steady source of income, he might already have some general assessment of his income and/or expenses prior to them happening, so then he might reach some assessments in regards to his streaming discretionary income, yet streaming discretionary income is also not required to get started investing into bitcoin.

Quote from: cxtreenal on Today at 06:48:11 PM

Among the strategies for finding the right path and investing, if the new investor can master the DCA strategy, they will continue to push their savings far and wide along the smooth way.

Figuring out and employing a DCA strategy does not guarantee that a bitcoin investment will be successful, yet surely a DCA approach to investing does allow tailoring to a persons finances and/or psychology, including within a DCA approach a person can figure out how aggressive or whimpy that he would like to be based on his own circumstances. and even make various adjustments along the way based on his assessment of his various personal factors.