I can't agree with you on this point, it is definitely possible to recover lost money in investments. What do you mean by lost money? By lost money I understand that money lost after investing is lost money and if you think that amount lost is lost money then you are totally wrong. Invest and get rid of thinking that investment will only give you profit because if you want to take only profit share then who will take your loss share. Investing is risky and the investor has to take risk in investing. Why is it repeatedly said that investing will not only make you gain money but also lose your money that is why the investor is told to take the risk of his own money. In addition to taking the risk of own money, it is said to hold the investment for a long time so that if the money is lost after investing, the loss can be recovered later. If you invest and after investing some money is lost and immediately if you sell your investment and start investing again then it is not possible to recover the lost money.

It is ok but investment should not be sold or excited only if there is a small loss in the investment. Long-term investment means we do not mean that after investing some profit and loss and sell your investment within a few days, it is not called long-term investment at all.  Make up your mind and develop risk appetite and have enough patience only then long term investment is for you.

Currently the Bitcoin market is regularly hovering between $40K to $44K and a few days ago we saw the Bitcoin market touch $88K. Such a change in Bitcoin price makes us believe that Bitcoin will touch $50K very soon. We are predicting that Bitcoin price will touch $50K but despite this assumption there are some investors who are not daring to invest in Bitcoin yet because they expect the market to go down further. They think that when the market goes down further, they will invest in bitcoins and as they invest, the value of bitcoins will increase again. Those who are expecting this are not now but long ago they have expected that the market will come down a little from the current position of the market and they have come so far to expect that their expectations remain expectations and the investment is not done. How can people who didn't invest when Bitcoin was worth $15K invest when Bitcoin was worth $44K? 

For those who always expect a little less than the current price, I would like to say that a small price variation will not cause much problem for your long term investment so if you have an investment plan you can start investing and hold it for a long term plan.

Therefore, before starting investment, prepare an emergency fund in advance for at least 3-6 months so that the reserve fund is safe when needed at any time, of course this will not interfere with your investment when in any emergency.

I always use this strategy because for us it is important about emergency funds, we are humans who will certainly require expenses and needs that we never expected in any case.
Never rely on parents means you don't have independence, if you are still in school then it is still the responsibility of the parents but if you have worked you yourself must be able to how to support yourself and start the investment because with the monthly salary you receive, for example, it is important to set aside on investment, especially bitcoin if you understand it.

Now when you have a problem in the sense that there must be greater expenses then the reserve fund can be relied on, your investment is safe will not be sold in the middle of the road, you can still continue investing in bitcoin when things are normal.

But when your finances are still healthy then continue your DCA to invest in bitcoin.

You are quite imprecise in your description of bitcoin's price history, which could be misleading if you are generalizing too much and not really attempting to represent actual BTC price movements, even if you might ONLY be referring to 2022, which was pretty much a down year for the whole time... and then furthest down that the BTC price reached was $15,479, using bitstamp prices.


Well you could be correct if we are referring to percentage of performance, since 2023 began with BTC prices at $16,600-ish and ended the year with BTC prices right around $44k-ish, then that is right around 2.65x price improvement in the year, so it may well be the case that BTC prices are not able to reach those kinds of price, which would be a bit over $100k, yet I would have some difficult times believing that if new ATHs are reached in 2024 and even if BTC prices were to get close to $100k that BTC holders would not consider 2024 to be a pretty good year without getting too much caught up into the "technically" comparisons,

...and I am not even sure how much it really matters to get caught up in these kinds of comparison of which was better matters too much anyhow, because probably more importantly would be how BTC holders and accumulators had been dealing with the situation in order to helpfully put themselves into as good of a place as they might want to put themselves, if they are building their BTC stash for the future are they still accumulating, or are they doing something else? and so each of us has to decide for ourselves where we are at, including some of the dilemma that shorter term bitcoiners might feel when they have been into BTC for less than a full cycle and they might still feel some dilemma regarding how aggressive that they should attempt to be in their own bitcoin accumulation journey.

Hopefully, you got your own situation figured out and you won't  have too many regrets for selling too much too early and also perhaps not even sufficiently and adequately preparing yourself for 2025 and thereafter.


That is a pretty short timeline, even though earlier you seemed to have given the impression that you might have started to get involved in BTC in 2022.. which we can see that the longer you have been in would have surely been better as long as you had been buying all along, even if you might have gotten started in 2021 when BTC prices were in higher points. .. but yeah, if you don't even have a whole year of accumulating BTC, then you likely have a bit of a longer journey ahead of you in terms of both thinking about how to accumulate BTC and how to put those accumulation practices into effect without deviating too much into trading, but then again, the choice is yours to do whatever you believe is going to be good for your situation, even if you end up making the wrong choices.


I don't see what you might be describing as phase 2.  Maybe you need to be more clear about what you mean?  If phase one might have been figuring things out and phase 2 might have been acting.. or even phase one could have been making some initial investments into BTC that could have had been lump sum and/or DCA  and phase 2 could be creating some long term accumulation plan, such as DCA. 

I hardly could see it making sense that if you might be in early accumulation versus later accumulation, and why would there be any needs to describe those as phases, unless you just have your own criteria regarding what you consider to be a phase that may more may not be relatable in terms of what some of us actively participating in this thread might be considered as phases that are worth breaking down in that kind of way.


To me, that just sounds like a person who wants to be fairly aggressive in his BTC accumulation, and you are getting more comfortable with BTC in order to invest more and more aggressively on a regular basis and perhaps using a DCA strategy, yet you are being a bit contradictory and unclear because with a DCA strategy you should not be running out of money because you should be figuring out your own discretionary/disposable income which would be the difference between how much income you have and how many expenses you have, and then from that figuring out how much you want to invest in bitcoin. 

So yeah you could end up increasing or decreasing your level of aggressiveness in terms of your ongoing BTC purchases, so you might try to consider your own level of aggressiveness in terms of stages, steps or phases.

The other part of running out of money would be someone who might have started with a lump sum or an amount that he might want to allocate over a period of time (which may well end up being a kind of DCA approach), and then once that lump sum runs out, then he will have assessed that he has invested as much as he wants to invest into BTC, which may or may not be a good idea, depending on the total situation of the guy and what his various goals and objectives might be. For me it is still a bit unclear what you mean in terms of your own approach because even if you might have a set amount that you might want to invest into BTC, you still could continue to invest into BTC from time to time, but then maybe that could justify that once you buy up to a certain point, then thereafter you might ONLY be buying on dips... which some guys do employ something like that,

and those are personal choices that may or may not be as profitable in the long run, especially if you might still be wanting to increase your wealth, but it is also true that sometimes if you invest into something for a while (even something like BTC), you may need to also start to diversify into other investments once you have allocated a certain amount into BTC.. for example if you have expenses that are around $1k per month and an income that is around $1,400, and if you had been investing $400 per  month into bitcoin for the past couple of years, and you do not have any other investments, you might start to feel that you have to build other investments, or if you might have come to bitcoin and invested $10k and then also after couple of years investing $400 per month (or even $100 per week), then after 2 years you might have invested close to $20k into bitcoin, and so maybe at that point you start to feel that you need to slow down with your bitcoin investing and start to invest into other things with you  $100 per week or maybe just reduct the BTC down to $25 per week or $50 per week.  Those surely would be personal choices, and you may or may not reach a comfortable balance in terms of how to allocate your investment(s).


You are correct Justbillywitt that there are all kinds of mistakes, and surely we are not going to be able to avoid all of the mistakes, and it is quite likely that we are going to make quite a few mistakes even when trying to learn from each other or trying to learn from our past mistakes and if we can figure out ways that our mistakes are not catastrophic and we are able to stay in the game, then there would be ways that we can continue to make mistakes, learn along the way and even to take some chances and to push some limits in terms of our aggressiveness without overdoing it in such a way that we devolve into gambling or that we end up losing coins... so there are some practices that are better than others, and sometimes we might not be able to figure out our own proper balance without engaging in some experimentation and learning along the way.. and even with the learning, we might not have enough time to spend learning, because we have various obligations and we learn and we act as the same time, and sometimes we might need to act without really having had enough time to completely understand all of the ramifications of our actions, but we still try to do our best under the circumstances that we know or that we are able to know within the time and even skill-based constraints that we have.


Even if some members have trouble reading charts and speaking very accurately about what happened, they still should be held to a standard of communicating clearly if they are going to make certain kinds of representations, otherwise, we all get drug down into vagueness and subjective representations rather than trying to ground ourselves into actual facts.. which is probably more important when we are describing various aspects of BTC's price history than if we might be trying to project or predict BTC future performance, yet even if some members want to conjecture about possible future BTC price performance, it tends to be better if they are attempting to base their predictions and/or projections based on some kinds of meaningful ideas rathe than just throwing out seemingly random numbers.

I think those who basically often wait for DIP are the Day to Day traders and those who are in for the short term investment. Anyone doing DCAing would not have to wait for a particular time or DIP to invest, every point remains favorable and matters a lot to him/her due to a significant price change.

That should be the absolute way of reasoning, those who understands the essence and applications of the DCA technique always find their success when the price begins to drop down given enough room for a whole new entry.

This is what im actually doing because i have some past experiences on the time that you are really that in short of funds then you would likely be pulling out all of those investment that you have made even if the position
neither be negative or positive then since you dont have any choice then you would really be that pulling up those investments without having second thoughts. Sometime you would really be having that kind of emotion
and feeling that this is something that cant really be avoided. On the time that i do make our some realizations that there's should really be that back up funds on where it is really that dedicated for emergencies
or would really be with those sudden unexpected moments on which it might cause for us to have those kind of decisions.

Buy the DIP and Hold? Sounds pretty easy but on the time that you are dealing with a volatile market then it wouldnt really be that so easy on how you would really be having those
kind of experience along the path. The thing here is that you should really know on when to make DCA and when to secure profits on the right time but since we are
talking long term on here then it would be your own personal choice on when.

In fact, the four points you have mentioned have become the main calculations for someone when planning an investment in Bitcoin. let's say if someone has passive income every month and they are able to set aside 10% regularly every month then their investment planning will of course not be disturbed because they get passive income every month. But for those who work odd jobs, of course they have to manage the allocation of their funds as best as possible to keep the investment they plan running smoothly, such as setting aside a little for an emergency fund because if they don't have an income at that time of course they have an emergency fund to keep buying Bitcoin regularly.

Apart from that, if they are beginners, they should not be too selfish to buy aggressively because they need to strengthen their mentality when the price of Bitcoin changes suddenly. Because beginners often panic when prices fall because they are not experienced enough to deal with situations when prices fall drastically. For that reason, I agree with all the points which deserve to be a priority for us in accumulating Bitcoin for long-term investment.

I don't think that as an investor you should be thinking this way or even considering it that's why dca is greatly encouraged especially for someone on the journey of accumulation

Using dca method clearly helps eliminate what you're suggesting,an investor especially one who uses this method is never late to invest and whether the price goes up or down you'll realise it's a win-win situation for you,if you buy and the price drops then it means that when you buy the dip your average becomes way lower than you even projected which is also a big win for any investor
Therefore you should focus on how much you can buy at any given time and not necessarily the current price or what the price was a year ago

That is the difference between buyers with the aim of collecting more Bitcoin or a certain currency and buyers who consider a certain price more when buying at a certain time. Although the DCA method itself has become more suitable in the application of buying for any purpose, just in terms of use of the method it seems to be used more often by buyers whose goal is to collect more than buyers who only want to take a certain amount of profit after hunting for certain currencies at low price levels when there is a moment of falling prices in the market.

Sometimes taking the profits ones could be the beginning of your investment downfall because I have seen were someone who invested on Bitcoin and when he realized that his investment has gotten some profits so he now decided to sell off all the accumulated Bitcoin in other to have a good profits but with the intention of buying it immediately the price drops a little but actually little did he realize that he had made the greatest mistake on his investment because after selling his Bitcoin the price has increased so much that if he decided to buy the same amount he had bought before the number of Bitcoin he will get will not be the same even joining with the profits he had gotten he will not be able to get that amount, so he became disoriented that if he had known he would have not taking this decision and now a little profits he was chasing has cost him not only his investment but also with the chance of getting back to the investment because of the price increament of Bitcoin. So actually my point is that in as much as you feel that taking profits ones from your investment is good but however you should also think about impossibility of getting back to the Bitcoin accumulation after selling your investment.