Post
Topic
Board Bitcoin Discussion
Re: My feelings after 11 years with crypto.
by
JayJuanGee
on 30/08/2022, 20:47:10 UTC
Don't be hard on yourself. we have read similar news here and on some other forums where most people back then didn't know how Bitcoin would turn out and sold off their holdings too. I believe as @Lorence.xD mentioned here,
Nah, dude you aren't the biggest crypto loser there is if there is really one because there's Laszlo to compare to you, he got the pizza but the prize was too big to pay with 10k,
he too didn't know how much Bitcoin would cost in the future but we all have to move on. Most of us will look back at what Bitcoins price was back when we joined the system and would probably be like, We should have bought loads before now even though we never really were involved in mining then, there is always some "IF" but we can't dwell on that.

This example of Laszlo being a loser seems to not be correct.  Laszlo had plenty of bitcoins (he was the first GPU miner), and there is a bit of a story behind his selling the coins in terms of his having had disproportionately gotten more coins than he likely deserved through his mining with GPUs while many others were mining with CPUs.  I doubt that Laszlo really has any regrets . not in the same way that a no coiner or a low coiner would have.. and Laszlo is neither a low coiner nor a no coiner from my understanding Laszlo is doing quite well for himself.

[edited out]
I totally agree with you, and DCA is a very simple method in my opinion. Where we can invest the same amount each period that we think is safe and comfortable for per month or every week.
And this strategy will help us to be disciplined to buy more investment instruments when the price goes down and less when the price goes up. Without having to care about the condition of the trend and also without caring about the price going up and down.

Because in bitcoin you don't need to buy 1 BTC because bitcoin can be divided into small units so you can buy 0.1 BTC, 0.01, 0.001, 0.0001 and so on. You can start DCA with a nominal that is affordable according to your ability, even with a very small nominal.

and the idea behind DCA is to save consistently regardless of whether the market is going up or down, DCA will help us disciplined to buy more crypto when the price is down and less when the price is going up.
and this will make it easier for you to make investment decisions and avoid emotional decisions.

it sounds easy and it turns out to be easy and is recommended by investment experts like Warren Buffet.
Saving regularly and consistently is the most appropriate strategy for novice investors, the longer we invest, the greater the amount of money we save with more optimal results.

Exactly correct that time in the market is more important than timing the market.