Quote from: bitzizzix on Today at 06:09:45 PM

Quote from: Ruttoshi on Today at 04:46:43 PM

Quote from: adultcrypto on Today at 04:19:09 PM

Quote from: Cgrexp on Today at 03:56:05 PM

Regular investment of small amounts turns into big savings in the future. I agree with you that consistency is more important than quantity. In this case, investing small amounts regularly through DCA maintains our long-term mindset. It is a safe, effective and proven strategy for both new and experienced investors. Consistency and patience are the keys to success, not the amount of investment.

You guys are laying too much emphasis on investing small amount per time forgetting that there are different approach to bitcoin investment. If I have $10,000 as my discretionary income to invest in bitcoin in a time like now that the market is making some corrections, why should I stress myself investing $500 regularly when all the money is meant for investment and I have good buying opportunities? So long as you have discretionary income and have set up emergency funds, you can use any method to enter the market since the goal is to hold for a long time. I will even feel comfortable buying bitcoin anytime I have the opportunity to that I will not be tempted to use the money for something else.

I'm not saying that the DCA method is bad, but when you have the opportunity to buy the dip and the money is there, an entry at discounted price is not a bad decision. You can even make such entry while still continuing your DCA method.

Wow...that's a huge discretionary income for plebs like us and like you said, we all have our different ways in which we would use that $10000 to invest into bitcoin.

Personally, I will divide the money into three parts since I already have an emergency funds available. I will use $3000 to frontload my bitcoin investment, use $2000 to keep for buying at the dip and I will use the $5000 left to spread across several weeks for DCA buying.

That's clearly a significant amount of discretionary income. I think if someone has $10,000 in discretionary income and wants to use it to buy Bitcoin outright, regardless of the price, or better yet, buy it when the price drops, neither is a bad idea.

I find it difficult to see how you have concluded that it would be better to be able to buy the dip with the $10k.

We have no way of knowing if there is going to be a dip, and so then if a person has a plan to buy the dip, then they might end up never buying or never getting enough dip to satisfy their inclinations..

Quote from: bitzizzix on Today at 06:09:45 PM

The important thing is to do it for the long term and not stop there.

If you are doing it for the long term, then why do you need a dip to buy?

There are three categories of buying. 1) buy right away, 2) defer based on time DCA, 3) defer based on price buying dip (that might not happen). There is no problem considering all three, yet we do not need to just choose one of them or to dedicate all of the funds to a strategy that might not happen. It is the wrong mindset... Especially if you are really in bitcoin for the long term rather than trading.

Quote from: bitzizzix on Today at 06:09:45 PM

We can continue making periodic purchases or use the DCA method using existing income and continue using discretionary income to buy Bitcoin and also for an emergency fund to add to an already large holding and make it even bigger over the long term.

If a person has an income then such person can plan their DCA based on their income, and so yeah, if they have both an income and a lump sum, then they are likely to consider their already existing DCA (if they are doing it) in regards to how to apportion their lump sum amount.