Quote from: Dunamisx on July 26, 2022, 09:07:34 PM

Quote from: MinoRaiola on July 22, 2022, 03:13:51 PM

Strong Hands buy - ok, but it always depends on how much money you have

it's all because of the money you have that is beyond their second thought makes it termed strong hand, this could not be an ordinary hand, the meaning weigh much than it's just been said, wealth are in categories, no matter how small the interest on each buy is when sum up together it will turn to a big and reasonable amount, why this happens is because of the huge amount of money invested on it.

Quote from: MinoRaiola on July 22, 2022, 03:13:51 PM

In Africa, there are maybe many strong hands, but they do not have so much money as people in Europe

there are, they may just be few and the few ones almost invest wrong all.

I think that it is important to point out that each of us needs to attempt to consider our BTC accumulation strategy in terms of our own situation, and even though there are going to be many people with more financial resources than us, we have chances to make up for our lesser resources by employing prudent and reasonable strategies, and not devolving into gambling techniques by over extending our budgets or taking unnecessary risks.

In other words bitcoin remains amongst the best of asymmetric bets to the upside that we currently have available to us whether we have a lot of resources or even if we have few resources, we can figure out an investment proportionality that works for us to get some stake into bitcoin and to reasonably and perhaps even aggressively invest into bitcoin within our own parameters. Historically, poor people have not been able to buy good investments because many of them either require a lot of capital upfront or even that you have a lot of cashflow to be eligible to invest, including investing in real estate.

With bitcoin, you can get into it with even a smaller budget and still end up advantage by being into bitcoin so long as you have a longer time horizon of 4-10 years or longer.

Personally, I believe that Dollar cost averaging (DCA) is the best of the accumulation techniques that does not depend upon price, even though you are able to purchase more BTC when the price is down, but you can never really know for sure if the BTC price has reached its bottom.

DCA can be supplemented by buying on the dip and lump sum investing, and sure there might be reasons to consider holding some money back to buy on dips, but we have to be careful also in terms of our getting too greedy because we already have a dip that has been in the 70% price arena and a BTC price range that is lingering below the 200-week moving average for several weeks. Right now the 200-week moving average is $22,730.

Other members have mentioned that BTC is the ONLY crypto investment in which DCA is applicable, and that is largely true ... because bitcoin has passed the test of being a long term investment for 4-10 years or longer, and even though there are not guarantees, there are still decently high chances that BTC prices are going to be higher than they are today 4-10 years or farther into the future, and if you continue to DCA invest into BTC, it is quite likely that 4-10 years or more after you have stopped buying BTC, its price will be higher than any of the times that you had bought it previously... but also better chances if 4 years or longer.. which the 200-week moving average represents that average BTC price (based on trade volume) over the past 4 years, and is showing us that it is quite rare that we are experiencing BTC prices below it for any length of time.

There are no other coins (aka altcoins, shitcoins) that can be assessed to even be close to being into the same category as bitcoin in order to justify ongoing DCA into it and a certain level of confidence regarding the strength of such ongoing investment into BTC... even though there are no guarantees and even though it is possible that you might be able to study up upon some shitcoin and assess it to have long term fundamental value.. perhaps? perhaps? Even if you come to such assessment about some other asset, I would be careful to not discount ongoingly investing into BTC with the vast majority of any of your total investments into crypto.. in terms of thinking about the upside and the downside (which includes rug pulls and other shenanigans that all of the shitcoins seem to have within their future.. its just a matter of when.. including but not limited to that shitcoin called ethereum.. and their smoke and mirror delusional POS nonsense.. that could get rug pulled at any time.. but could take many years as well).

Quote from: Mahanton on July 26, 2022, 09:10:17 PM

Quote from: salad daging on July 26, 2022, 09:00:10 PM

Yeah I think that's good because with the DCA technique we can accumulate well, especially when the price is going down again, there are other predictions that bitcoin will continue to fall but it is very important with the DCA that we have implemented, of course at low prices we can accumulate well.
You've hit rock bottom so it's going to be a good average even if it's down again but consistently it's a good time for DCA.

Never be strong on altcoins which in essence will be bad, but indeed bitcoin can be a strong hand because there are big dreams in the future, that's why the DCA technique is applied for the future.

You could always have the option whenever you do have the money to spent or invest on which means that you are really that capable on doing so or simply talks about being versatile on different conditions.
Yes,DCA is very common but only a few could able to handle such accumulation because not all does have that big funds on purchasing whenever the market declines even further.It would really be a never
ending chase but we know that on a market if there's price decline then there would be always a recovery.

You seem to be mixing up DCA with buying on dips.

With DCA, you set an amount that you can buy no matter what.. based your cashflow, not based on the price of BTC. Accordingly, there is a presumption that in the long run that BTC prices are going to be up higher than your DCA amount... especially if you have a 4-10 year time horizon or longer.

You can supplement your DCA strategy with buying on dips... and so save some money for buying on dips (that is optional, and we cannot be sure if more dip will happen or not, but of course, you can set up your dip parameters too.. which should be a different budget than your DCA which is just an ongoing amount.. $100 per week, $10 per week, or whatever amount that might seem feasible for your budget and having your regular expenses covered including have reserves for emergency expenses, too).

Quote from: Mahanton on July 26, 2022, 09:10:17 PM

It is really good for TRON DAO reserve on having this consideration even though it might not really be giving some effects on big time just like on what Elon did but they did really make a good decisions on accumulating those coins in equal on whats been sold.

As a general principle, Fuck shitcoins, including Tron or any other shitcoin other than Bitcoin.. unless you have a plan to just get in and out of such shitcoin... if you have a plan to have long-term investments, then most of what you should be into is bitcoin (maybe at least 90% of your total investements into crypto as a minimum.. and yeah, maybe you can dabble with various shitcoins with no more than 10% of your crypto holdings, absent some special knowledge that you might have about some project, which then is suspect unless you happen to be an insider scammer). And, don't go by what weak-handed Elon did either. Elon does not seem to know what bitcoin is as compared with his getting distracted with shitcoins. He might be an example of what not to do.. hahahaha.. if you want to go by anyone, go by michael saylor, but you have to be careful with Saylor too.. because saylor has a good cashflow that he can service and even go into debt in terms of buying bitcoin, and some people do not have such cashflows like saylor has (except maybe on a smaller scale, but not the negotiating power that he has, also. to negotiate terms of debt.. so have to be careful with too much debt unless you have sufficient and adequate cashflow to cover the servicing of the debt no matter which way the BTC price goes.).