Quote from: LoyceV on June 24, 2021, 04:59:15 PM

Quote from: JayJuanGee on June 24, 2021, 04:42:58 PM

I would imagine if you are still accumulating and building your investment portfolio then you would perhaps be getting smarter about bitcoin too, which would justify allocating more towards bitcoin.. and surely even if you started with $20 per week, you may well have graduated higher in your amounts in the past 5 plus years.. ...

but yeah, if you have concluded that you have enough bitcoin in relation to your other assets, then so be it.

I can agree to all of this

It's not that I have enough Bitcoin, but indeed I lack other assets. But given the current state of the stock and housing markets, I don't really feel like going there now either.

I guess that part of the problem that I keep reading between the lines of your factual representations is that you still seem to be in accumulation stage of your BTC investing.. even though you are not sure if there might be a better investment out there. Furthermore, there is a kind of screaming for DCA’ing in your circumstances, even though you are proclaiming that you prefer lump sum investing, and like I mentioned, I have no problem with lump sum investing, even while it has to be put in a proper context.

When anyone tells me that they do not have any other investment besides bitcoin, which is largely implying that they ONLY have bitcoin and cash, then I am concluding that it is fairly obvious that such person is not even close to reaching “fuck you” status, and accordingly such person is likely in a kind of accumulation status.. even if they are stating reservations about whether they have enough or not.. or maybe in your case, you are already feeling overallocated in bitcoin and that is why you are hesitant to acquire more in a blindly kind of DCA-ing way.

I have some difficulties conceiving anyone who is either close or into “fuck you” status that ONLY has bitcoin and cash. Does not make a lot of sense to me, even though I do understand that there could be some situations that justify such a way of structuring assets. Ultimately, I am thinking that there is a considerable amount of justification to go beyond bitcoin in terms of investments into assets, even if many of us consider bitcoin as the fastest horse in the race, but we still are not too likely to conclude that its volatility does not need to be accounted for.

I am really sympathetic to any ideas about starting out investing in ONLY one asset, and then once such asset investment gets to a decently-sized level (could take several years, and maybe even 10 years), then figuring out where else we want to place our value. We do not want to keep too much in cash, right? Especially if we are holding over several years, right?

I would think that each of us have goals of reaching some kind of “fuck you” status, and sure, if the ONLY level of “fuck you” status that we are able to reach is going to be retiring with a small pension or some government income, then so be it, yet even knowledge of bitcoin should be able to help to at least supplement such reaching of “fuck you” status and to have something beyond the reliance on something that also might not be reliable to count on, so long as you have at least 4 years to invest in bitcoin and of course longer than 4 years would be better.

Loyce, if you are telling me that you are NOT currently buying bitcoin (by using DCA and other methods) because your investment timeline is less than 4 years, then that would be way more understandable than to imply that you are staying in cash because you are waiting for a lump sum investing opportunity… NOT that you are saying that, exactly.

I think that one of the things that you are telling me is that you are not DCA’ing in Bitcoin because lump sum is better.. and you are waiting on a “down opportunity”, but if the BTC price does not go down from here, you are just going to suck it up, even though you could have bought more BTC at these here prices.

There is something missing with our back and forth because surely, as I repeat, your situation is screaming DCA should be in your plan somewhere.. but maybe you are still figuring out a way to say what you are doing in a way that makes sense.

Maybe I should make another attempt at some hypothetical facts that might actually be applicable to any person who is interested in bitcoin and they have some cash in hand that they could allocate towards their bitcoin fund and they also have a cashflow. Of course, the numbers that I use can be adjusted up or down, but I like my proposed numbers because they are divisible by 3 and 6.

Let’s say for example, you have gone through all your finances and considered your personal psychology in terms of your personal details to account for your cashflow, your other investments (none in your case), your view of bitcoin as compared with your other investments, your timeline, your risk tolerance, and your skills, time and abilities to plan, learn along the way and tweak your strategies from time to time based on your learning which might also involve reallocating or some trading or even the use of financial instruments (of course, trying to not be complicated here, so don’t want to go beyond your skill levels or your abilities to learn, that’s for sure).

Accordingly, you established that you have $6k that you can invest in bitcoin right away, and you also know that you have $6k of extra cashflow that is going to come to you in the next 6 months that can be spent on bitcoin. Thus $12k over six months. Your prior posts to me, Loyce, are suggesting to me that you have all this figured out, and you are going to lump sum invest the $12k as soon as you figure out that we are in a good spot and then just sit on the matter.

I say fuck that nonsense, and let’s be more strategic about it. Let’s divide the $12k into three, and invest $4k right away (lump sum), structure DCA for the other $4k (for the next 6 months which is $4,000/26= $154 per week) and buy on dips with the other $4k (if you think that the absolute bottom is $20k then you structure down to what you believe to be the absolute bottom, and since you do not know the bottom beyond pure speculation, you want to use increments with this and not put all of it all the way at the bottom.. that would be nutso.. even though I know some peeps in these here parts are nutso and have to fight back their urges to gamble at every opportunity that they get)… hahahahaaha

Sure, if you already have some money in BTC, then you might need to adjust how much you allocate to each of the three categories that I describe above.. but nonetheless, from my humble bumble (and not always so humble) opinion the DCA proportion is the strongest of the three… even though for sure, you should be accounting for all aspects of your personal situation in order to plug your amounts into the categories appropriately.