Contrary to your assertion, dollar cost averaging is a superior practice to buying on dips, especially for beginners.  Beginners are starting with absolutely no bitcoin, so they tend to be better to both get the fuck started as soon as possible and to continue to buy at whatever the price for 4-10 years or longer.. and then maybe after they get through their beginner stage they might start to consider dips rather than ongoing, persistent, consistent, regular and perhaps even aggressive buying of bitcoin.

Dip buying as a plan or a practice is inferior because it both encourages waiting for dips that might not happen.. and really if a person is an investor, then they likely would develop a timeline for 4-10 years or longer, so it can take many years to really build up a bitcoin holding, so why start out fucking around, unserious and waiting for dips that might not happen?

What particular price do you mean is best to invest in bitcoin because from my knowledge of bitcoin,there is no anointed time to invest in bitcoin. From my perspective it is best you don't wait for the price to go lower to invest as it will delay you from accumulating bitcoin. So it is advisable to buy now regardless of price because waiting for it to lower to your desirable figure is a trading strategy. And again it's a waste of time as you don't know if the price will dip to the exact figure you wanted it. So the best time to  invest in bitcoin isn't by waiting for the the price to drops but rather when you have discretionary income available.

The DCA tops everyother investment strategy and it's not even up for debate, imagine that I have an initial investment plan of 10 years with hopes of pushing even further after that and at the end of that 10 years I barely have any holdings because I was busy waiting for dips that didn't happen the way I wanted, that's an entire decade with next to nothing to show for it, why do something like that to myself when I can instead be accumulating bitcoin using the DCA, my plan isn't short term so even though each individual buy might look small, a culmination of the years I would have put in would definitely show that what seemed little at first was just a single brick in a great wall, there is no way to see the results of your efforts from the beginning, it's always at the end that the means is justified.

Contrary to your assertion, dollar cost averaging is a superior practice to buying on dips, especially for beginners.  Beginners are starting with absolutely no bitcoin, so they tend to be better to both get the fuck started as soon as possible and to continue to buy at whatever the price for 4-10 years or longer.. and then maybe after they get through their beginner stage they might start to consider dips rather than ongoing, persistent, consistent, regular and perhaps even aggressive buying of bitcoin.

Dip buying as a plan or a practice is inferior because it both encourages waiting for dips that might not happen.. and really if a person is an investor, then they likely would develop a timeline for 4-10 years or longer, so it can take many years to really build up a bitcoin holding, so why start out fucking around, unserious and waiting for dips that might not happen?

Essentially, waiting to buy at a lower price is not a mistake, and buying at a lower price is certainly more profitable. However, the problem is that no one can accurately predict where the lowest point in Bitcoin price will be, this simply causes you to waste more time, in other words, you will never actually start building your investment. Furthermore, there is no guarantee that the price will fall to the level you expect, even if the price does fall, there is no certainty that this level is the lowest point, as the price could fall even further.

This is where DCA has the advantage. This method does not rely on your ability to predict prices, but rather focuses on your consistency in making long term purchases, and the best time to buy is when your funds are available.

Essentially, waiting to buy at a lower price is not a mistake, and buying at a lower price is certainly more profitable. However, the problem is that no one can accurately predict where the lowest point in Bitcoin price will be, this simply causes you to waste more time, in other words, you will never actually start building your investment. Furthermore, there is no guarantee that the price will fall to the level you expect, even if the price does fall, there is no certainty that this level is the lowest point, as the price could fall even further.

This is where DCA has the advantage. This method does not rely on your ability to predict prices, but rather focuses on your consistency in making long term purchases, and the best time to buy is when your funds are available.

Seems he's confuse and don't understand what he's saying. Because all his statement is wrong since if they use DCA strategy it doesn't matter if Bitcoin price is currently at pump or in dumping situation. That strategy take out those situation that's why aside from sustainable its less stressful strategy which can be used by anyone.

It seems that he's still have  a trading mindset that's why he said that its not good to buy at present price because of those reason he have. But in fact everyone can accumulate because what good thing about DCA is it take us out on situations on which we are guessing the price before we accumulate. What DCA offer is consistency and not a buy at the dip then sell high scenario since this is not sustainable at all.

No one is saying that you shouldn't store your long term bitcoin holdings in a self custody wallet but for a brand new investor who is a no coiner, he doesn't need to start learning about wallets when his discretionary income is available because that will delay him from getting start. You don't need anything that will delay you.

Wallet is the technical aspect of Bitcoin and a brand new investor might fight it difficult to understand it immediately, because it's not everyone that can catch up things fast. There's nothing wrong if the brand new investor starts buying Bitcoin from an exchange and keep the money there while, he continues to learn about which wallet will be his preferred one.

Don't forget that if you rush into using a wallet in the beginning, you might make the wrong choice because you don't know a noncustodial and open source wallet which will also put your bitcoin investment at risk. Just like some newbies who are using Trust Wallet and they will agree with you that it's a good Wallet.

Another reason of storing your bitcoin in an exchange in the beginning is to pile it up there till it reaches up to $500 and above before sending it to your self custody wallet to prevent you from paying high transaction fee in future if transaction fee becomes very high so that, you don't use almost all your profit to pay for transaction fee because of to many small small UTXO. It's good to have a good UTXO management as you are piling up your bitcoin for the future.


For sure, reserve funds have more options as compared with emergency funds, since we could imply that if all that we have remaining in our back up funds is emergency funds, then that would imply that most, if not all, of any of the other funds have already been used up, so that the emergency funds would be the last level of back up funds that would be available prior to having to dip into any bitcoin that had been accumulated... and it seems that a bitcoin investor is trying to protect his bitcoin investment and to continue to build it, so if all other funds have been depleted, then the bitcoin investor would have no choice but to dip into his bitcoin holdings, which means that he had run out of other options... and which also may well mean that he may want to rebuild.. yet he is set back in terms of either ending up depleting or completely exhausting whatever bitcoin he had built up.

If a guy came into bitcoin, and he had goals to build the bitcoin for 4-10 years or longer, and perhaps he was even hoping to reach overaccumulation status after 2-3 cycles of investing into bitcoin and/or maintaining (holding) his bitcoin after building it up, yet if he prematurely taps into it, he might considerably delay his abilities to reach overaccumulation status or maybe he will never be able to reach it merely due to his own sloppiness in regards to how he had managed his back up funds and/or various funds he kept on hand in light of his own expectations of his present (or future) income and/or his present (or future) expenses.  Guys might not exactly know the future, yet sometimes they engage in sloppy and/or reckless behaviors because they get greedy or they just don't adequately prepare themselves financially psychologically for a variety of scenarios.

It is necessary to follow various strategies to maintain Bitcoin investment, because those who follow the DCA method use emergency funds to protect their Bitcoin investment. And in order for Bitcoin investment to continue for a long time, the person increases his Bitcoin holdings with his discretionary income. So the more strategies he follows in Bitcoin investment, the more secure he will be, he must be vigilant to protect his Bitcoin investment in the future days.
Buying Bitcoin aggressively is not advisable at all, so it is necessary to form an emergency fund and advance Bitcoin investment so that Bitcoin investment can last for a long time in a safe manner.