Yes, I think that Bitcoin is in a deep stage right now. Because the way Bitcoin's value has started to increase and its popularity is spreading, even if its price fluctuates in the future, it cannot be expected to be much lower than the value it currently has. If anyone can invest in Bitcoin on a regular basis using the DCA method, can definitely make good and unimaginable profits.To get actual profits from Bitcoin must invest for a long time. Because investing for 1-2 years doesn't really have much impact on Bitcoin's valuation. Need to invest for at least 4 to 10 years.
When a person is thinking of investing in Bitcoin, he should continue to buy Bitcoin as much as he can, even if the price keeps falling. You and I cannot say when the price of Bitcoin will ever fall or rise. If the price of Bitcoin starts rising after starting the investment, it strengthens your morale.
When the price falls, you should not take it as a negative but as one of your buying opportunities. I think you should buy as aggressively as possible at that time because it will be good luck for you.
I don't understand why people sit around risking their money for inflation when they have the opportunity to protect their assets from inflation by investing in Bitcoin and multiply it several times.
Discretionary income is usually around 10% to 20% of total income. So if anybody invest regularly from here,he will definitely get many times more profit in the future than investing in anything else.
I think you have a lot of ignorance about your income and expenditure.
I have seen many people who do not spend any discretionary money on their basic needs from the amount they earn. Again, I have seen people who cannot spend even 5-10% of their income on their basic needs. So how do you say that 10-20% of a person's total income is a discretionary income.
No matter how much discretionary income a person has, we can never force a person to invest in Bitcoin because he can use his money as he wants. We can only say that if someone wants to be financially secure in the future and wants to maintain the security of their earned money, then he should definitely invest in Bitcoin.
Sometimes we might need to describe specific examples in order to attempt to know what a guy might be weighing and the various ways of measuring how much he is spending on expenses and which kinds of expenses. How much is his income and how much is his discretionary income.
Many folks are going to have variation, but we can still attempt to describe circumstances that guys might regularly face, yet they are still going to have to deal with the variation, including perhaps knowing which expenses to prioritize first and whether or not they should build emergency funds/reserve funds and/or to invest into bitcoin.
We have also mentioned several times in some of these threads that guys are going to be better off if they have some confidence in the levels of their future income and/or future expenses, but at the same time, in order to invest into bitcoin , all he needs is discretionary funds in the moment, yet if he is going to continue to invest into bitcoin, he has to have some confidence that he is going to have discretionary income and/or funds in the future.
Some expenses are easier to cut as compared with other expenses, yet some guys would prefer to not cut any expenses, but to increase their income, which it can be difficult for some guys to figure out ways to increase their income level.
Reading your post I guess you have explained to what level a person can be aggressive which should be within the person overall discretionary income which the person decide to be investing with comfortably and most come in alignment with your risks level, now two things I consider in my post which investing aggressively within your financial means and also how much of it you can be able to risk which will be different from other people, doing this automatically defines a person level of aggressiveness which the person should go with.
Being aggressive in investing should be completely dependent on the discretionary income of the person. Make sure that you have the necessary backup funds and that you are able to invest consistently. Also, make sure that being aggressive in investing does not have a negative impact on your life. Because, sometimes, being aggressive in investing incorrectly leads to financial problems and a person is forced to take wrong steps in investing.
Never plan to be aggressive in investing by focusing on the market or based on the advice of other people. Rather, consider your position and consider your discretionary income to ensure that you are able to be aggressive in investing or not. If you are not able, then do not take risky steps.
The term "aggressive buying" might sound complicated to the regular guy that is doing his calculated DCA method of accumulation. Aggressive buying is not necessary for somebody who is on a steady income and has a budget for his income, he gets to decide what percentage to use for accumulation that wouldn't weigh him down.
DCA method is hodling for the long term and it's not necessary to be aggressive in buying Bitcoin, except perhaps if the person doesn't have much financial responsibilities or they're very rich. If you don't have excess funds to sustain aggressive buying then there's no point to doing it because you'd most likely get stuck along the way and start to sell prematurely.
Financial management is essential for anybody that wants to sustain Bitcoin investment for a long term. It all comes down to priotize your needs according to their importance to you. For me the most important is your basic expenses, the rest comes into discretionary funds. From there you'd decide the percentage of what goes into where like emergency funds, Bitcoin accumulation and the rest.
I would suggest that everyone is capable of determining their level of aggressiveness or whimpiness within the level of their discretionary income. So they can have a lot of discretionary income or a little discretionary income and they can decide how aggressive they are going to be within their discretionary income.
The same is true for DCAing. A person can decide the level of aggressiveness or not within his DCA amounts. He can set up automatic DCA or apply his DCA manually every week. There is quite a bit of variability with DCA, so it is likely not fair to describe it as not being aggressive, when it can be set up that way, it can also be set up in such a way that it goes overboard, so it might not be accurate to consider that DCA has to fit particular narrow criteria in order to count as following DCA strategies.
You quoted my post badly, again, but I fixed it in this post.
Of course, you can do whatever you like in terms of holding back value in order to buy the dip that may or may end up not happening. I think that I already explained well enough in regards to my ideas why newbies should focus on ongoing buying rather than strategizing for dips that might not happen.
You seem to be inclined towards trading rather than investing, since if you have a 4-10 year or longer investment timeline, then surely it might not make much difference if you bought at $123k or at $95k, even if $95k were to be possible.. we don't know, and we don't even know if sub $110k is possible, either. So if you are waiting for dips that might not happen, you are gambling and potentially failing/refusing to prepare for up with your over-preparation for down..
But again, do what you like.,. it is your money and you have to live with the consequences of your actions, even if you think you have some kind of a trade angle (or buying on dip angle) figured out.
I am grateful to you. You have pointed out my mistake and explained the correct method. I have seen your post and many other posts on the forum on this subject and I have realized that the DCA method is a thousand times better than buying Bitcoin through the dip method. If I deposit money for the dip and if it is not a proper dip, then there is a possibility of inflation and the money can be spent in other sectors, but if Bitcoin is invested, then it will be a strong reserve. And since I myself do not like trading and since I intend to buy and hold Bitcoin for five to ten years, I will skip the dip method and buy Bitcoin continuously. And thank you very much for opening my inner eyes.
Great. I am glad you were able to identify some actual ways for you to go forward with executing your own ideas and then make adjustments.
Of course, DCA has quite a bit of flexibility, so if at some point later down the line you want to make adjustments, then surely you could reconsider if buying the dip might make sense for you under certain kinds of circumstances, such as if you get a lump sum amount and you invest a lot at once, then it might make sense to hold back some value for buying on dips... Yet, sure, otherwise newbies are likely to be way more advantaged by concentrating on buying every week no matter what, and even having such a seemingly easy goal might be very difficult to accomplish in practice... So then the ongoing practice surely helps us to learn about our finances and even about our psychological limitations.
I know that discretionary income is the leftover money after you have paid for monthly expenses, and you are allowed to use your discretionary income the way it pleases you. I still believe using your discretionary income to live a lavish lifestyle will drive you to sell your bitcoin too early. For example, you can go to a club and mistakenly spend way more than your discretionary income, and if you don't have any other money elsewhere that you could use to complete the money in your hand and pay for the extra expenses you incur in a club in the process of living a lavish lifestyle with your discretionary income, it can drive you to sell your bitcoin too early to pay for your bill in a club so that you could go home and rest.
Discretionary income is not meant to be spent on things that are not meaningful; it is the money left over that needs to be spent wisely. As a reasonable investor, it doesn't make sense to go clubbing when you can't afford it, and there are other tasks that are valuable to meet. Generally, money is meant to be spent, but if you spend it on things that have no meaning and no value, then you will fall back to square one. With discretionary income, you need to comport yourself very well and know how much you need to invest in Bitcoin and what will be left with you.
As an investor, it is very important to have knowledge of money management, to know what you want, how much should be spent, and the amount of money that needs to go for investment. If you pursue a lifestyle that you cannot afford, you may end up being unable to make any investments.
The whole idea of discretionary money (income) is that you can do whatever you like with it. You can be responsible or irresponsible. It is the money that you have left after your expenses.
Sure some folks invest and others do not. Some folks buy high quality products and others buy low quality products.
We should not be trying to tell others how to spend their money, even though some ways of living are more meaningful, and some folks don't even believe in investing, and so they may well end up working all of their lives.. so there re likely consequences for the choices that any of su make.