Poor widdo tingilie.. no doesn't have no cornz.
Sucks to be uie-pooie...
dumb and all of that to boot.
[edited out]
Someone I know, LS (100k+) in October 2021 - $62K.... lots of "ifs" and "buts" here!
Yes normies tend to do these kinds of things.. with frequency.. and several variations of similar kinds of scenarios in which they have difficulties figuring out how to employ lump sum in a good kind of way and then they end up doing way too much at the wrong time.. and then having no back up plan..
Hey from my point of view, there would have been nothing wrong with your friend to have had divided his/her $100k into three parts, and then Lump sum with 1/3, and then set the other 2/3 with buying on dips and DCA.. s/he still would have run out of money on the way down to $20k, but still lowered cost per BTC with a likely better psychology.... and then another question is whether there might have been some cashflow that would have continued to come in over the last year and a y half? Something like $100 per week to continue to buy or at least to strategize what to do with the $100 per week that might have had been coming in during the last year and a half or so.
Besides why are we ignoring the elephant in the room (or maybe it has been mentioned, but i am too tired to find it)...
Saylor/MicroStrategy, we would all agree he had LS into bitcoin right? $4,027,052,651 between 11th August 2020 and 27th December 2022 for a final total of 132,500BTC
If he had Weekly DCA, 125Weeks @ $32,216,421.21/Week would have yielded, 153,738BTC
Again, lots of "ifs" and "buts" here!
EDIT: other DCA calculators are showing 186,451BTC.
I doubt that Saylor is a good example to argue in terms of supporting either way, and sure we can Monday morning quarter-back him and pick out areas in which he did well and other areas in which he seemed to have had screwed up.. .. but overall, I don't even think that he represents anything that bad.. but this is what people or institutions do.. which seems to be part of your point, hisslyness.
Saylor started out in July/August 2020 with several lump sum buys, but then he was kind of buying regularly in such a way that those lump sums really ended up being a kind of DCA.. because he was buying at any price, but then at some point, he seemed to realize that he was running out of money so he could not buy as frequently, but he has not stopped buying... so he is a bit of a strange duck that is difficult to apply to normies in the sense that he seemed to have had started out good by having quite a few BTC buys in the $10k price arena.. but then he just kept going and even doubling down at higher prices, which seems almost more deranged than what normies might do, but he still was acting within the confines of experimenting with pushing leverage of what a public company could do.. a public company with pretty decent assets and also pretty decent profitable cashflow too.
[edited out].
Your friend and Michael Saylor are just
current exceptions (small % of all scenarios).
However, when btc trades at 250K, your friend would be sitting pretty vs small DCAers in between.
Same for M. Saylor, however, it is a special case since he went overboard (with loans) close to the top.
IF he only made that initial purchase at 17K, he would be in-the-money already.
You are not really making any kind of special case that Lump sum is better than DCA, Biodom, - even though you are seeming to make the case that time in the market it better than timing the market, and you also seem to be making the case that aggressiveness pays off when it comes to BTC investing, which seems to be a wee bit contradictory to my understanding of your own personal whimpiness
(nohomo) history when it comes to BTC and the various points in which you expressed scaredy-kittycattedness in the years that I have known uie-pooie...
You were especially scaredy kitty catty prior to 2020-ish.. It seems that you have ONLY recently been expressing ur lil selfie a wee bit more bullishly.. and yeah, sure you were somewhat conservative in regards to our 2021 top.. but you were not so confident as to enter a bet with yours truly on the topic.. which it seems that I would have lost that bet, but part of the point is that you weaseled out of such bet negotiations (to the extent that you could have even had been taken seriously) and you were not willing to commit to the absolutist terms that you had been expressing in terms of "we are not going there" blah blah blah.