I dont disagree that discretionary income is the starting point for an investor who is planning to have the most suitable accumulation plan. Most people get it wrong when it comes to accumulating. Its not really about wanting to buy bitcoin its all about being able to buy with the money we earn monthly or whichever way. No excuse to anyone who dont want to start accumulating especially if they are members of the forum. I have read from some members how they managed to stack $10/weekly into their portfolio, and they have been doing it for a very long time now. Yet, there are many loudmouths who will only start discussing about the price and how they wished they bought only when the price started to going up.
The truth is, whether we are rich or poor, most persons are not being honest with themselves on what should come first in their life. I call it misplaced priorities. They lament they cant buy bitcoin but yet they can afford drinks, netlfix, mariujuana and yeah, I am not about what they do with their discretionary income. All am concerned about is that, if they are sincere they want to hold bitcoin they need to know what comes first.
Regardless of what the options are they all refer to the same thing where we have to work or start something to earn money not so it doesn't really matter whether we should say this is from discretionary income or collection from each month it all refers to the same thing.
Actually things like this do not need to be debated because after all the goal remains the same, this is the same as debating when we buy through DCA, Buy dip or lump sum which actually leads to the same goal but is always debated which method is the best even though in this condition it is just a kind of strategy because the goal remains the same to buy for long-term bitcoin.
All have their own strategies and methods regardless of whether we make discretionary income or look for other things such as additional income or other things because it depends on our own conditions and readiness. The most important thing is how we can make our plans actually happen because debating something that is actually the same goal for me will only make it seem as if we are right and others are wrong or vice versa even though we and others are on the same path it's just a different way.
I don't have to dwell in this but some of us would understand why we don't just have to focus on bitcoin investment and forget about the strategy we choose to use. Yeah, anyone can choose to invest by DCA or by lump-sum but it's holding potential really differs and is based on the strategy to a large extent. Sometimes people who invest by lump-sum are either mostly traders or find it difficult hold same amount of bitcoin for long without selling part or all of the bitcoin stash for one reason or the other.
It is always very necessary when considering your investment strategy for the sake of your success in bitcoin investment. If the strategy is not very relevant, maybe there would not be much emphasis on long-term holding. The success of every bitcoin investor begins with your investment choice pattern. Someone who all because you want to invest large, invest beyond what they can be able to hold which hampers the success of the whole process.
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If you invest in Bitcoin the right way then you won't get smite by the sword, there's always profits for those who invest on it the right way, I mean buying and holding for long-term so anyone who complains about lose are those traders that want it the quick and easy way which normally leads to their doom. Well we can't talk about the history of Bitcoin without involving the past but instead of dwelling in it and wishing you had the opportunity to invest then, it best you learn from it, atleast there's still hope that the numbers would keep getting better in the future and since Bitcoin is still at the early stage the best time to start investing if one haven't started is now, there's no need to envy those who invested in 2015 cause some where not wise enough to hold, most sold and are even regretting.
There is no massacre as long as investors are able to invest properly which can minimize the risk of loss. To get out of the dark tunnel, investors must have knowledge about investing and conduct in-depth research before making investment decisions. However, it should be emphasized that every investment has risks and there is no guarantee of always making a profit. Prevention can be done by understanding how to invest properly.
Investors must have an effective risk management strategy such as diversifying their portfolio to help increase potential profits. There is always hope for anyone who wants to learn, investing is not a get-rich-quick scheme, you need to be careful and do in-depth research before making investment decisions so you can reap the desired success.
Bitcoin is not actually a get-rich-soon event but that doesn't make it out of place to invest diligently in it because it's a store of value. Diversifying your portfolio is also good but you should try not to do it wrongly by either choosing a shitcoins as your diversified asset. Shitcoins will remain shitcoins and never an asset because it mostly do not stand the test of time. Diversifying into shitcoins could lead you into losses. If you have to invest in crypto market, that you should concentrate more on bitcoin and if you must taste shitcoins, it should be done with the least possible funds while concentrating on bitcoin. Real estate could also be a good alternative if you have to diversify.
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When we talk about DCA, this strategy doesn't care about price at all, as it's closely related to consistent buying for greater regularity. Therefore, this strategy has nothing to do with buying Bitcoin when the price drops, as those who practice DCA will remain consistent even when the price rises. Those who practice DCA prioritize consistent buying and don't want to miss any potential opportunities. Therefore, in my opinion, DCA has nothing to do with waiting for the Bitcoin price to drop before buying.
As for senior Bitcoin investors who wait for the price to drop to make purchases, I think it's perfectly reasonable for them to do so. Their Bitcoin portfolios are already quite substantial and may have already reached their Bitcoin accumulation targets. Therefore, with this in mind, DIP is not a problem for them, as their Bitcoin portfolios are already quite substantial. However, for beginners or investors with small Bitcoin portfolios, I personally strongly discourage waiting for a price drop to buy Bitcoin.
This is the point that DCA strategy gives you the platform to be consistent without minding the price of bitcoin. This still remains the best beginners approach. This approach removes the reluctance from watching the chart that comes when you plan to invest by lump-sum. Even though it may not be wholesome, but lump-sum investors aim at dips which also slows their investments pace while waiting for dips.
For some people who their DCA allocation are large enough as others lump-sum funds, it gives room for less stress as you invest after taking care of your responsibilities. Also, those that buy by lump-sum hardly hold during serious market corrections and somehow feel tensed which invariably reduce them to traders.