I disagree with you dude, because no matter how much someone wants to invest in Bitcoin, that funds must come from the person's discretionary. Remember that an Investor always allocate funds to different needs and wants and these funds should be used for a specific task and so using money outside your discretionary is not advisable and it is a wrong investment and JJG has explained this before now. Even when we want to be aggressive, it is our discretionary funds we will use to...
I believe that these two sides here are pointing at the same truth in two different directions. The thing is that good Bitcoin investment is reduced to risk management, and this is why discretionary income is frequently suggested to people, as it means that you will not be forced to sell all your assets to panic in case the costs of life will appear. Meanwhile, there are more highly-convinced investors or better-financially-shielded investors who make far more aggressive allocations, and history tells us this has been successful in the case of some of them. In my own case, I would consider DCA with discretionary funds as the most secure long-term course of action, whereas I would consider dips as an opportunity to be a little more aggressive provided that your financial capabilities permit it. In that manner you would develop progressively without putting aside money that you could require the next day.
What I find very practical is that investors prepare for dips and not treating dips as an emergency activity and ending up going against their financial discipline to entertain dips, using money meant for something important to pursue dips is a very bad cashflow management practice and would be better if the investor who wants to buy a dip saved up for the dip alongside his consistent bitcoin purchase and buys the dip when it presents itself from already saved funds in that regard.
You are very right on that point, because many people see dips as a sudden opportunity and forget that their financial discipline should come first.. Once you start dipping into funds meant for bills, rent, or emergencies, it quickly becomes a wrong move that can leave you exposed. The market will always give opportunities, but there is no point trying to catch them at the expense of your personal stability.. Because you might end up regretting Bitcoin instead of appreciating it..
The best way, like you said, is to have a clear plan, stay consistent with your normal accumulation and at the same time set aside a small reserve for when dips show up. That way, you are not caught off guard or forced into bad money decisions. It is more sustainable and gives peace of mind, because you already know you are financially ready whenever the market presents those extra chances…
I think we should invest in such a way that our investment does not go astray later. Suppose after all the expenses I have a good amount of money left at the end of the month and I invest all the money in Bitcoin, that is, I have not kept any money with me as an emergency fund but what will I do when my financial need arises. Maybe then two thoughts may come to our mind, one is to borrow money from others and the second is to sell our investment. In this case, both of these decisions will be wrong decisions for the investor, if we have to meet the need by borrowing money, then again that person will have to return the money and while returning the money, the same thing can happen so it is a wrong idea, the second thing is the decision to sell the following investment, before we invest, we have to invest with such a plan that we must invest in Bitcoin continuously for a certain period of time and hold this investment. If we have to sell our investment in the middle, then everything about the investment will go astray.
What I mean is that instead of investing all the money we have left over after spending all our household expenses in Bitcoin, we should keep some of it in a separate fund and invest another part in Bitcoin regularly. This way, even if financial needs arise later, those needs can be met from alternative funds and our own investments will continue to grow.