Quote from: Ryu_Ar1 on February 27, 2023, 09:36:00 PM

Quote from: JayJuanGee on February 27, 2023, 07:24:36 PM

Quote from: Ryu_Ar1 on February 27, 2023, 03:17:53 PM

Agree with what you say. Even though in this case there are some people who say that it is starting to be high now, looking at the current price condition of $23k it is still very much worth it to buy even though some people might be waiting on the grounds of Buy the dip.

I personally still make my purchases and stick with the initial stance by continuing to buy every month until the price hits the new $30k I will stop there.
Regardless of whether there will be a decline or not I'm not too worried about it because indeed if there is still a decline it is also a blessing because I can buy more but if the price continues to rise then I will not waver with my choice until $30k is exceeded.

It seems fair to consider anything below $30k to be relatively low, but of course, what is "relatively low" is a moving target, so you have to assess your own personal financial and psychological circumstances in order to attempt to figure out if you have enough BTC or not... by the time we get to supra $30k levels, presuming that we get there. If you are a young person and you have an ongoing income, there still may be justifications to continue to buy BTC above $30k, and for sure, a lot of the matter also has to do with how much BTC that you have already stashed, and surely if you "over did it" then you would be more justified to "stop for a while", but some people run into mistakes because they stop too early or even that they start to sell.. which surely we are not really talking about selling in this thread... which selling does include different considerations including considerations that you have already overly stacked and are sufficiently in profits and perhaps a few other personal circumstances.

Well, that could be true.
For now under $30k is my benchmark for doing DCA but it does not mean after $30k not buying.
Buying will still be done but in this case maybe I will pay more attention to conditions whether it's from some news or indeed the right momentum to see whether or not I buy there, of course, hopefully the right price in my opinion.
The difference may lie when the price before $30k I bought without seeing anything either in the chart or the increase and decrease that occurred but for after $30k I will obviously consider several aspects before buying it because it can be considered that it is a strategy that I have always prepared from the beginning.
When talking about "over did it" of course even though this is bitcoin which is definitely profitable but we don't need to do that. Even if it is possible but we don't need to risk everything on the investment made because this can be detrimental to yourself. As much as we can in setting aside some funds from the rest of our daily needs is clearly the best thing for this condition.

I don't disagree with anything that you are saying Ryu_Ar1, and maybe I do not know or understand enough about your own particular situation in order to know how you might be thinking about "overdoing it" as compared with my description of overdoing it.

Maybe we could use your forum registration date as a framing for when you got into bitcoin? which is ONLY a bit more than a year... so depending on how long you have been in bitcoin, that can affect how you might consider overdoing or even how you might consider your own future investment into bitcoin based on how much you have already invested.. including that it is quite likely that a lot of newbies into bitcoin who might have started less than 2 or 3 years of investing into bitcoin might well still not be in profits, and perhaps something around $30k might be your own "break even" amount where you are no longer in the negative. I am not sure, and I do have sympathy for anyone who might have had ONLY started investing in bitcoin in recent times, including less than 2 or 3 years and some of those people might be more in the negative than others, and likely not too many are in the black (or in profits).

So, in that sense, sometimes any of us who might have had gotten into bitcoin and still are in the negative (not in profits) might end up investing more than what we had originally planned and even causing ourselves more abilities to shave off some profits once our BTC holdings goes into profits... and surely it is not necessary to over invest into bitcoin, but when we talk about "over investment" there may well be a need to put such description into some kind of context in order to better understand that there are degrees in which overinvesting might be more rational and prudent as compared to other forms of overinvesting that might end up being gambling or putting way too much value into BTC in a kind of way that does not seem to be prudent.

Quote from: Agbe on February 27, 2023, 10:18:38 PM

Bitcoin is in dip at all time for some people because everyone started the journey in different time. Some enter at the price of 20$ while some enter the rate $60+. So from 60$+ above you can clearly see that everyone is on the bear market at all time. But it is good to purchase at this dip which is also a bull to some guys.

That's true, we can look at what price someone might have entered, but we can also consider what were their goals, including their average cost per BTC. You are on a similar timeline as Ryu_Ar1.. including that according to your forum registration date, you have ONLY been registered for a bit more than a year, so it is quite likely that if you entered into BTC in the last two to three years, and you have been buying BTC regularly, it could well be the case that your average cost per BTC is quite a bit higher than the current BTC price... and for sure, I have no problem to set forth some hypotheticals in order to discuss how much anyone might start out with and then consider cashflows and other kinds of assessments regarding setting goals that might end up progressing into a kind of overinvestment because of perceptions about BTC price and also considerations of how much BTC has been accumulated and including average costs per BTC.

For example, if someone comes to less than 2-3 years ago, such person might have come to bitcoin without any other investment, and started to invest $100 per week, so then there could be a question regarding whether to change such practices based on the totality of circumstances in that person's finances and psychology and also in terms perceptions of where the BTC price is and where it might go.

Maybe the situation is not different, if someone came to bitcoin less than 2-3 years ago, and if such person had invested a lump sum right away, then that is ONE thing, but many times it is difficult for normal people to invest a lump sump right away, even if they already have other investments, because people tend to be reluctant to take from their other investments in order to allocated to a new investment, so even if someone came to bitcoin less than 2-3 years ago, s/he might not have lump sum bought his/her bitcoin.. look at famous people like Michael Saylor with an average cost of BTC at $30k (even though he started in August 2020 and he even lump summed, but he continued to buy and caused his average cost per BTC to go up from $10k on his first purchase to the current average of $30k per BTC), and similar with Naibe Bukele.. with an average cost per BTC that is likely close to $40k.