In your recent posts, even skimming through your ramblings, you seem to have been somewhat in agreement with the message that there is value in gaining some stake in bitcoin... so for sure, any newbie in bitcoin has to determine how to get started exactly and then to create a somewhat reasonable approach towards building such BTC stake based upon his/her own assessment of his specific individual circumstances.

I doubt that anyone of us can push anyone towards how they engage in such early stages of BTC accumulation, even though DCA seems to be amongst the best of place holder approaches, and for sure lump sum investing and buying on dips can have some risks in terms of the possibility that the BTC price could go down before it goes up.  There are ways to balance all three approaches, but likely ONLY after some internal assessment of ones own individual circumstances which includes looking at cashflow, other investments, timeline, view of bitcoin as compared with other investments, risk tolerance and time, skills and abilities to plan, strategize and to learn along the way, which also may well involve tweaking strategies along the way, too.

There's also an element of determining establishing initial BTC stake - and then once achieving such initial BTC stake - which also could take a year or more to establish... then to determine how to manage such stake.. or to perhaps adjust the stake upon reassessments.  An initial stake could also involve putting 1% to 25% of overall investment portfolio value into BTC, and for sure the amounts are quite discretionary including that each individual might well end up having quite a different approach from another individual based on some minor differences in the individual circumstances (as I have already mentioned above).

Capisce?



I am not in complete agreement here.   I do agree that whining is not productive, because surely we need to take responsibility over whatever approach that we took.

I would imagine that anyone with a lot of capital who heavily invested in BTC with a lump sum approach upon a price rise (or near our current ATH) should realize that there is quite a bit of risk in that kind of an approach.

I am guilty of starting my BTC investing towards the top of the late 2013 BTC price rise, so I know how it can feel to start investing towards the top. 

For sure, I got razzed a lot about my initial BTC purchase in late 2013 that was at $1,200 (and the BTC price on stamp had ONLY gone to $1,163, so I had started buying at higher than the top - based on fees, etc).

For me, when I first got into BTC, I had established an initial 6 month budget, so I had a limit in how much I could spend each week (which was about 1/26) of the whole budget, and I will admit that I was a bit anxious about getting some kind of a BTC stake, so I spent more than 1/26 of my whole budget, and I had spend close to 1/20 of my 6 month budget.. because I wanted to front load a little bit of my initial budget in order to get a stake in the BTC game....

So there are ways to deal with some level of overexuberance, and of course, I would be able to understand that it would have been more stressful to lump sum invest into BTC and to have had blown my whole 6 month budget right from the start. and not had any cashflow available to buy more BTC until after the 6 months had passed, and then at that point, I would have to reassess if I have more in my budget or not for the subsequent 6 months (if that were the case that my initial investment amount was my whole investment budget for those 6 months).... 

Living with consequences of decisions surely should be a part of any adult investor's disposition, and formulating back up plans surely would be better than whining.  Whining surely is not a very respected trait, even if many of us realize that sometimes mistakes are made along the way.