This depends on individual plans and foresightedness to have had this long time projections with their investment plans carving out or sparing out their 5 percent per year or annually would also go a long way but then are they really ready to do that as we may say, naturally it's a good point and a very suggestive idea to help foster the accumulation processes..
Of course there are people or investors who are determined to carry out their investment plans through that strategies but on the one way or the other fall out of fate due to some form of unforeseen circumstances or not having sufficient spare cash or a cushion to covers up their unpredictable expenses, something that would make them to start tempering their proposed plans and or their portfolio making them to reduce their percentage that was set and plan for their continuous accumulation process.

Having the resource to buy and hold sounds as though you must have so much altogether to be capable to be a successful bitcoin hodler.

Simply put, from what @obim34 has said, with bitcoin knowledge and addition to a sustainable/reliable source of income flow like a job you can delineate a certain percentage for DCAing which makes bitcoin accumulation much easier to hodl for long term plan that won't be curtailed  by any slight emergency that should emerge in future.

We should also consider common factors that will help us grow in our investment cause even the slightest mistake can cause lose in our investment, talking about the knowledge of bitcoin it's best every newly investor should know how bitcoin works and invest properly, concerning the knowledge of bitcoin if I may ask what happened to experienced investors who still make mistake and forget how the market works. It's proper for every beginners like me to have the knowledge and guide before investing, a lot of newly investors have the knowledge but still fail to learn and take corrections, the greatest knowledge a person will acquire is to learn from previous mistakes.

The idea with having the knowledge first sounds great but still a lot of investors with the knowledge can't go a long way with their investment especially the long term investment cause a lot of investors exhibit this habit of fear, in investment like this fear can stop the journey of some investors mostly newbies, let's take what's happening in the market for example most investors will love to pull out just because of fear. Another example of investors who have the knowledge but still can't invest proper they're called Risk averse investors they never get satisfied with the price and they always want more from the market in essence they're scared of taking risk, in my opinion even with the knowledge investors who exhibit this habit can't involve in the long term investment.

This is because such investors never prepared their mindset to go on a long-term bitcoin journey by not having a bitcoin target and not listening to the simple rules of investing with only the amount of money that they will not need for a long period of time. They have used the money for other important purpose and that is why, if there is any little price pump or dump, they will panic and sell because of FOMO. Forgetting that they are missing out the compound interest in bitcoin investment which is the highest of all profits.

DCA strategy and a long-term investment kills that fear and minimize the risk because the price of bitcoin keeps on being higher in every new circle than the previous in both the bottom line and the ATH, that is why newbies needs to understand this and build up their investment portfolio. Anyone that is not discipline and patient with his bitcoin portfolio, might end up not having any/low fraction of bitcoin in the long run when bitcoin price might get up to $500k(for example) and above because he is after short term profit which will not have any significant in future.

We may well need to adapt our practices to the current situation, and I know that there have been many members who are so scared of keeping any level of value on exchanges, and personally, I think that we need to attempt to be practical about the matter rather than having a rule that might not work so well, especially for guys who are buying low quantities of bitcoin, and I personally think that if you are creating UTXOs of less than $100, then you are likely putting yourself into potentially uncomfortable positions, whether in the future or even under current circumstances.  There may well be a lot of forum members who had been transferring way less than $100 at a time, and what are they going to do in times like this if they need to send their bitcoin, and then maybe drawing from several addresses at the same time, then each address (utxo) has a fee, so it can add up, and it might not even be economically feasible to spend from the lower value addresses, even if you are wanting to send a larger amount that has to combine several UTXOs in order to reach the send amount.

Maybe there are going to be solutions in the future to spend from the smaller value locations, and sometimes the price of bitcoin could go up by so much, so it makes the UTXOs more valuable in terms of dollars, but I am not going to proclaim if there are going to be solutions for the folks who have a bunch of UTXOs with small values in them... and by the way, there might even be times in the future that $100 is not a high enough value to have in a UTXO, and it may even be the case right now that if someone has to spend $20 to $50 for transaction fees, then it might not make much sense to be sending transactions that are worth less than $1k or so, so it might make even more sense for those guys buying $10 per week, to keep their value on an exchange until it reaches somewhere between $500 and $1k, even if it might take them a year to get to that amount, and surely guys have to make decisions regarding balancing how much they want to have on exchanges, and also sometimes there are going to be periods in which the transaction fees are lower, and there could be attempts to time the transfer for those lower transaction fee periods, as you mentioned salad daging.

source
More nearer than ever.

I understand what you meant about people being greedy and not knowing much about Bitcoin... when they start investing. Its a good idea to start with a small amount of money when learning about it. It is also ok... to change the mind as learn more.
By the way you are also right it can hard to know  the information about Bitcoin is trusted or not. Some sources give wrong information... but there is good sources too that teach us important things. It might take time to figure out... which sources is good but it is important to stay inform and look for trusted sources.
Listening to podcasts... and reading articles from people who know better about Bitcoin... could help us understanding it better. Its important to be careful about other cryptocurrencies that may distract... With always learning and stay informed can tell us to make better decisions about our Bitcoin investments. But if anyone using the DCA method so I think this is the best strategy which should not be changed. If anyone want to change strategy so this is better he/s should make a new plan of investment.

Why to do day trading when we know that success is in long term investment not the other way. Bitcoin doesn't move in a pattern that we can predict his future price accurately. Like in current bull run everyone was saying that Bitcoin will very soon be touching 50k but we see there is some resistance at 43k and price is yet to cross 43k. We know price will surely reach 50k in the long run but in short run there is no way we can say on which day we see price crossing 43k or making its way to 50k.
If you follow such small signals only then one can figure out why long term hodling is better then short term trading. From distance it looks like day trading is very much profitable but in reality ts not. 

What you say is quite correct, in fact I have been doing it for the last 1 year by stacking with DCA. First of all, we have to be consistent in continuing to buy at maturity and don't worry about short-term price movements because that can doubt the decision. After we go through 10 stages of purchasing with dca, you will be more confident in continuing to buy because our confidence will grow in continuing to buy at each stage. I make purchases every 2 weeks and I only make two purchases a month.

However, there are also those who make purchases every week, but it all depends on the strategy they apply. Those who implemented DCA purchases in the last year were lucky enough to be able to buy BTC at a cheaper price of $20k at that time. The best thing is to buy and keep holding and don't sell all your BTC holdings if you are in an economic crisis, sell just a little and when your economy recovers you can budget back funds to continue buying BTC.

Why are you continuing to pursue this dumb idea?  We are not talking about trading here, and probably for an overwhelming majority of normal people, they neither have skills or time for trading, so why employ a more advance technique when it is not necessary.. You are merely complicating matters by 1) suggesting trading is a good thing and 2) even suggesting that trading is something that is needed to know prior to getting into bitcoin...   You are suggesting the opposite of the truth, and I wonder why?  Do you even recognize and appreciate that trading is a more advance technique?  Why are you promoting trading as if it were a less advance technique?  I feel like I am repeating myself.


Yes.. they get burned by trading, but not by investing.

if they invest, they just pick a position size, such as investing $100 per week or some other amount.  And sure they could also lump sum invest (such as front-load into bitcoin) or buy on dips, but it is likely best to start out with the most basic and build their way up to more complicated techniques after they first get used to getting into bitcoin.  Some people have more knowledge and experiences in regards to investing and managing their cashlfow so that they are able to invest, so if they are new to investing, then they might have to learn some of the basics of just managing their cashflows, but they can learn those kinds of basic things as they regularly continue to build a bitcoin position.. and they might be building a bitcoin position for 4-10 years or longer.. so does not hurt to try to study aspects of bitcoin and to get used to bitcoin as they are buying it and even learning where and how to store their BTC...and so in the very beginning they might not need to know as much about where and how to store their BTC, but if they invest a lot or they continue to build their bitcoin investment portfolio, then they may well need to learn more about the various ways to securely store their coins, including figuring out ways to manage their own BTC private keys rather than having their BTC held with third parties. 

Those learnings of how to store and secure your coins are likely more important skills than learning about trading.... and no one should want to trade something as potentially valuable as bitcoin.. best thing is to build it up, and surely if they get to a large enough BTC stash in the future, then maybe they might choose to fuck around (and trade) with some small portion of their BTC, such as less than 10% of their BTC holdings.


Sure, the more that people buy into BTC, then they may well become concerned over changes in value, but they also can look at past charts and see that bitcoin has a history that includes a lot of price volatility that is likely not going to stop any time soon.


Ultimately a person has to figure out his own investing style and how much to invest into bitcoin without it causing him to become overly emotional about it, and surely there can be some benefits towards investing somewhat aggressively and maybe being able to deal with negative BTC price performance by having some kinds of buying plans.. whether it is buying on dips or just continuing to buy BTC for several years while building a BTC investment portfolio, and depending upon how much they are investing, such as if they are investing 10% to 25% of their income into BTC, then they may well establish a decently-sized bitcoin position faster than if he might be investing only 1% t0 5%, then it will take a lot longer to build a decently sized BTC investment position.


DCA tends to be a good strategy for someone building a position and if they are not sure what to do or how to get exposure to BTC, and they might not even be sure how long they are going to keep investing into BTC or to continue to hold their position.

Even though DCA tends to be amongst the best BTC accumulation strategy for an overwhelming majority of people, anyone can adapt their BTC accumulation approach based on spending time to learn more about ways to employ other strategies, but if they are somewhat new to building a BTC position, and maybe even if they do not have money that they can transfer to bitcoin from other places, they may well be better off to employ strict forms of DCA or mild variations of DCA that is largely just adapting to their cashflow situation.

If someone builds up his bitcoin position fast by either lump summing into bitcoin or maybe just drawing a high percentage of their salary to buy bitcoin, they might put themselves into a position in which they might want to combine DCA with buying on dips or maybe even convert into buying on dips, and it can be difficult to know when someone might be better off to convert to some other strategy, because if someone ONLY invests into bitcoin, there may be some needs to diversify into other investments, especially once their bitcoin investment starts to reach a year or even several years of their annual salary, and there could likely be circumstances in which it makes sense to start to diversify into other investments even before having had accumulated a whole years salary into bitcoin.


Of course, it is good to develop good critical thinking skills, which largely would mean that we need to be able to sort better kinds of information from worse kinds of information, so many statements will have facts, logic (analysis) and conclusions (opinions), so we can question the sources of information in regards to any of those whether they are providing good facts, logic and/or conclusions.. and so when we are new to a topic, we might have more difficulties figuring out if the facts are being described correctly, sometimes, we will have to learn skills to be able to determine if the logic is sound and if they logic leads to the conclusions that are reached.

Trusted sources do help, especially when we are new to a topic, but sometimes trusted sources are not correct on all topics... sometime we can also compare various trusted sources, and even compare them with untrusted sources (to the extent that we are willing to get distracted by spending time reading and/or analyzing untrusted sources who sometimes do present accurate information on some topics)... and sometimes we also have to forum our own conclusions based on various opinions, and sometimes we cannot find anyone who might speak to exact topics or issues that we personally need to resolve, and we may well need to take a position (or take some kind of action and come to our own conclusions, and sometimes if we are not sure, then we might moderate the position/action that we take).


We are ONLY talking about bitcoin, so fuck shitcoins.

DCA does not necessarily work on shitcoins, especially since there may well not be any shitcoins that have an investment thesis that is strong enough in order to invest into them.  You have to have a strong investment thesis in order for DCA to be justifiable... which works iwth Bitcoin.. and yes, bitcoin is the topic of this thread.. not shitcoins or crypto.. whatever the fuck that is.


We are not trading here either... so long term might not be 2024 unless maybe you have been investing since 2020 or earlier, and maybe if you have a 4-10 year or longer investment time horizon, you still might not be necessarily looking at selling in 2024 or 2025 or whenever the ATH comes, but it is surely nice to be getting BTC prior to the next ATH, so I will agree with you about the benefits of buying BTC prior to the next ATH, to the extent that you were potentially talking about BTC rather than shitcoin or crypto, whatever that might be.. we could give less than two shits about other coins.. so we are ONLY talking about bitcoin here, in this thread.


You should always try to create enough of an emergency fund that accounts for your variation in your cashflow or even emergencies that might happen so that you should never have to sell any of your BTC, except at a time that is completely of your own choosing, such as the BTC prices are going up or even that you have been holding BTC for a long enough time that you have transitioned from your accumulation stage to your maintenance stage.

So, the more that you know in advance that you might have emergencies, the more you should know that you should not be investing into bitcoin in such a way that bitcoin is going to have to be a source of emergency funds for you.  These kinds of emergency fund matters are more important to beginner investors, and very beginner investors might not have even thought about having an emergency fund, and frequently the lack of an emergency fund is a sign that the person has failed/refused to plan and probably has overinvested into bitcoin, which is not a good position to be.

I personally believe that the lack of an emergency fund should not serve as a reason to NOT invest into bitcoin, but a person who is beginning to invest into bitcoin, might have to keep his investment into bitcoin at a smaller level while he is building up the size of his emergency fund, and an emergency fund should be between 3 months to 6 months salary/expenses, and the more solid a person's emergency fund, the more aggressive that he can afford to be in his bitcoin investment  and/or any other investment that he chooses to make.

By the way, if a person has reached entry-level fuck you status, or even higher than that (such as multiple levels of fuck you status), his emergency fund becomes less important.  Reaching fuck you status just means that the person does not have to work, and maybe he chooses to work, but he does not have to.  Anyhow, if a person has considerable amount of wealth that he is able to draw from the wealth on a regular basis to pay for his monthly expenses, then if an emergency comes, maybe he has money that is set aside for an emergency fund, but it might not matter very much if his wealth is excessive, so his emergency fund is less critical to maintain (in terms of getting reckt financially/psychologically) as compared with a newer investor who is earlier in his building up of his investment portfolio.  The earlier you are, the more important it is to have an emergency fund, and not to get reckt because you were to greedy to be investing money that you actually needed for your expenses and for your failure/refusal to establish an emergency fund.