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Please I will like you to elaborate more on this, because I don't understand how collecting bitcoin using the DCA method weekly will reduce someone's additional expenses. I would like to know those additional expenses you are referring to. Because to the best of my knowledge, buying bitcoin is also an expenditure which one has budgeted from his discretionary income. So what are those additional expenses that DCA will reduce for the investor?
Note: You know I am a newbie and I'm trying to learn as fast as I can.You are a newbie trying to learn as fast as you can?
Yes Sir, I am a newbie, and I am trying to learn as fast as I can that's why I am here Sir. That's why I have started paying close attention to this thread recently because I have come to realise that this is the only thread that can teach me things that I need to know about buying bitcoin and holding it.
Have you started buying bitcoin yet?
Yes Sir, I started buying bitcoin three months ago. I have been buying gradually from what I have read in this thread. They said newbies should be buying using a method that is called DCA. That is what I have been doing for the past 3 months.
It looks like you have been registered on the forum for 4-ish months. Did you start looking into bitcoin prior to your forum registration?
Yes Sir, you are right I registered not quite long ago. A friend of mine introduced me to the forum. I have been doing much of reading on different threads trying to understand the forum that's why I haven't been posting much yet, because as a newbie I ought to be doing more or reading than posting. I learnt that from your posts that I have been reading in this thread. No I haven't I started looking into Bitcoin after my registration here in the forum. Anything I know now is what I learnt from from the little time I have been reading the pages of this thread.
You seem to have the right idea that if we consider our income and then our basic expenses (which sometimes can vary or be a bit unclear if they are basic or not), then once we subtract our basic expenses from our income, we have our discretionary income (or our discretionary funds).
Thank you sir this mean so much to me that someone like you is giving me this complement. I really appreciate you Sir, that means my months secretly following this thread was worth it.
I think that Popkon6 likely misspoke when he was suggesting that employing DCA allows for the reduction of expenses,
Alright Sir, if you think Popkon6 misspoke, I will take it that way. I just wanted to be clear on things I find confusing, that was why I quoted him to draw his attention.