Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (2)
look like a whale just did that monthly BTC DCA 
that or JJG just realized that DCA is for pussies and finally went all in
that or JJG just realized that DCA is for pussies and finally went all in
I have been in bitcoin long enough in order to not have any kinds of panic episodes or anything like that. I do remember having a panic episode in around November 2015 when the BTC price shot up from $300 to $500, which was a kind of Fear of Missing out... .. but for me it is difficult to get excited about our current prices, even if we get a thousand or two up or down... well maybe I would be more excited about down a couple of thousand because that would end up breaking the now existing low of $15,479 for this current cycle.
Pretty much I have been an advocate for variations of DCA since I got started in BTC, and of course some of my own practices have evolved over the years, and most of the time when I make any changes it would have been based on incremental changes, and I don't fuck around with large buys or sales, because mostly I am employing some systematic approaches that mostly involve accumulating BTC.. but of course, many folks know that I sell small amounts of BTC on the way up and use those proceeds to buy on the way down.. the sells on the way up are small, so they likely would be at most 5% for around a 100% price increase.. and perhaps not even that much these days**... ..
**Oh, I just looked it up, and it looks like my current sell orders show that I am selling about 1.3% of my current stash if the BTC price were to double straight up from here. In the olden days, I would allow for the sales of up to 10% of my BTC for every 100% price increase, and so I had not realized how little I had been selling of my BTC stash in recent times... so I guess I have quite a bit of allowance where I am able to sell more BTC, even in the normal course of just raking out some profits, if I feel that I want to sell some for whatever reason, including but not limited to having BTC sell limits that have not even been closed to being met in recent times... and including if I were to have some kind of a real world cashflow desire, want or need... so the next 100% price rise is up to about $35k, and it looks like I have about 2% for the next 100% up to $70k, so even that is pretty low as compared with my historical levels that were likely higher than that.
I bought on the luna crash low in June like 17Kish and bought some more recently to lower my avg price and attempt to buy at the bottom.
I suspect you have none TrustedBitcoiner only bangs 10s. Don't you not know nuttin bitcoinPsycho?
I bought on the luna crash low in June like 17Kish and bought some more recently to lower my avg price and attempt to buy at the bottom.
I suspect you have none 
Exactly!!!!
We have seen your know-more-than everybody else type around here quite a bit over the years. They do not tend to last very long before they get reckt as fuck.. and then turn into bitter whiney no coiners who are waiting for dips that never happen.
[edited out]
DCA is fine, its probably what all the noobs that ran out of money at 30 should have done... and tbh i should maybe of done some DCA, while i did catch some nice lows, the size of my position isn't where it should be... ahh whatever I bet ill get to buy more sub 17K soon, if not ill just buy on nice pull back and not worry to much about price.When did you get into bitcoin?
Your forum registration date is ONLY showing July 2022, so there has not been enough time for the DCA of the last couple of years to have had paid off.. even probably have to go back more than 3 years before the DCA might start to show as profitable.
Frequently with BTC, it can take a while for the DCA to pay off and frequently it is longer term DCA that really starts to show itself as being hard to beat by most of the traders. Of course, there are always going to be some folks who are able to beat regular DCA, but it is questionable whether it is even worth all of the effort to go down the trading route.
I've been in bitcoin for years.
i have a long term position, and i do some trading with a small amount for fun & profit.
DCA feels more like a way of saving money not investing, like if you don't have 10K to throw at BTC, but you do have an extra 200$ a month you want to save then ya DCA... if you have money to invest i believe a far better strategy is to figure out how much exposure your looking to get, say you want to invest ~10K$, you buy $2-5K right away, then you wait for dips to buy more, if your doing this in a bear market chances are you'll end up with a bag that is a bit heavier then you would of liked (but thats OK, you can rebalance during pumps ), if the market is bullish your first buy should be bigger, and you should be more aggressive buying the dips cuz chances are you wont get that full $10K invested. A 1 time all in buy isn't as crazy as some some people make it out to be, just don't be doing that kind of thing when price has gone up 300% in a few months....
big stacks of fiat just sitting on the sidelines DCA'ing over years sounds crazy to me. it only seems to make sense to "DCA" if you have no other choice, you have no speculative-high-risk-investment-money right now, but you can set aside X amount each month, in that case it would be crazy to put that money aside and and only invest once you have $5K saved up.