Quote from: Dunamisx on June 08, 2023, 08:00:11 AM

Quote from: JayJuanGee on June 07, 2023, 05:39:42 AM

For sure, it can take a long time to build up your investment portfolio to a level in which you start to feel comfortable with the size.. maybe it starts to reach 1 or 2 years of your annual salary (or the amount that you need to live for one or two years), and then you may well start to feel the value of being conservative and building over the many years that it took you to get there.. perhaps it took you more than 10 years and maybe even close to 15 or 20 years to get to the level of having 1-2 years of living expenses in your investment portfolio... and sometimes as you get your investment portfolio larger, then it may well start to compound on itself in greater ways..
and surely the power of bitcoin has good potential to help any of us with the compounding effects of our investment and it is not as likely to happen if we are pissing around with trading rather than ongoingly building

Going by your points here, it is eminent that we take cognisance of what category of an investors we belong to, many people thinks that this is what they get into and must within a short period of time behold it result in their hands, but bitcoin investment is beyond that, when you buy the dip, hodl the coins, get secured and leave the asset to mature to an extent of being profitable whereby you experience a massive increase on your investment.

It usually take upto four years before such may occur since every halving takes place within this same stipulated interval, then comes the increase you least expect from your digital currency bitcoin which turn to a profitable investment or asset after your holdings, but hence if you can't endure this hodl for long the other alternative is to trade under a short term basis.

I am not really opposed to anything that you are saying Dunamisx, and there could be some circumstances in which some folks might get lucky and lump sum buy BTC towards the bottom of a dip, and thereafter never really end up suffering from ever having their BTC stash to go into the negative, yet at the same time, I would think that the more common case would be to be continuing to buy into BTC, even if a relatively large lump sum investment might have strategically taken place in order to cause the investor to be in profits right from the start and to just continue to largely be in profits - even though also historically any one who suffers through dips that are 50% to 90% and sometimes lasting for years at a time can sometimes be shaken from his/her BTC accumulation (or even HODL) strategy, even if there had not been any intentions to do anything except to buy BTC for the long term.. and even the selling might have been considered to either be way into the future (such as 4-10 years or longer) or the selling might have been a thing that was not really considered to be any kind of core way of dealing with BTC maintenance in the years to come based on projections that there may well be better assets to sell and trade in (Gresham's law considerations - projected into the future).

I guess that I am just saying that it is not easy to generalize what might happen to people in terms of suggesting that they have to have some period of suffering in the years that they are earlier towards investing into bitcoin, even though I agree with you that suffering does seem to be a frequent occurrence, even with rich people who invest into bitcoin... even though also many times rich people have some easier ways in which they can hedge the various positions that they take (whether in bitcoin or otherwise), and poor people might not have hardly any other investments (besides bitcoin and cash), and they might have some difficulties to hedge their position while they are still in the earliest years of their building their BTC portfolio (and even sometimes hedging too much too early, could end up being a costly behavior for poor people to employ, relative to more well-off people).

Quote from: Merit.s on June 08, 2023, 09:04:32 AM

Quote from: JayJuanGee on June 07, 2023, 03:23:11 PM

Quote from: Sim_card on June 07, 2023, 12:13:27 PM

Quote from: JayJuanGee on June 07, 2023, 05:39:42 AM

[edited out]

....holding for long and using DCA method is the only way that your bitcoin investment portfolio can attain a great height and value.

I would not say that DCA is the "only" method, since there is lump sum investing and there is buying on dips (the topic of this thread), even though DCA is amongst the best of methods to get started right away.. and hopefully, people who get started in bitcoin as soon as possible will end up tailoring their BTC accumulation approach to their own situation.. which may well mean to start out with DCA.. and then to figure out various goals that they have that are personally tailored.. that might take years to play out with various tweaks and adjustments along the way.. that hopefully relate to ongoing learning. and perhaps not devolving into those kinds of desperation and/or gambling strategies that you had referred to in your post Sim_card.

Yea you are right,there are different method in which one can use to accumulate their coins not just DCA. It all boils down to the nature of your income during a given period of time. Buying at dip is always an opportunity for those who see the market as an opportunity for them to acquire more bitcoin when other investors are selling off due to panic,this strategy helps to buy large amount of bitcoin at a cheaper price. On the other hand buying at lump is for those investors who have plans to accumulate bitcoin when a huge amount of cash comes in and they invest it into bitcoin because they understand that bitcoin is a store of value and an asset to keep their funds away from depreciation,this practice is always done once in a while. The last set of investors are those who use the DCA method by accumulating their bitcoin gradually from their monthly income,a fraction of it is use to accumulate more bitcoin to their investment portfolio, due this strategy might not be regularly done due so some unforseen circumstances that can increase our emergency spending.

I do accumulate my bitcoin in two of this methods but it depends on my present financial statues. I DCA every month and sometimes when I have a good cash inflow which I don't have plans for that huge sum of cash that came in,I immediately use it to buy bitcoin,so that my funds wouldn't be hit by inflation and I can also have a good significant amount of bitcoin in the next 8-10yrs because I use bitcoin as a store of value which I will benefit from in the long run. These are some secretes that some investors fails to understand and instead they will always be checking bitcoin price to see if it is pumping or dumping,all these will discourage them from the mindset of hodling for long and they will sell at the unexpected time. Either they will be carried away with the anxiety of the high price and sell off or they will panic and sell of when the price dips lower than what they bought.

It does seem that you are attempting to be realistic in terms of trying to figure out the various ways that individuals can experience dilemmas during their earliest stages of BTC accumulation and those earlier stages of BTC accumulation might even last for 10 years or longer, yet I am not even sure if I understand what you are saying that your strategies are since you say that you regularly DCA'ing but then at the same time, you acknowledge that there are lump sum investing methods too.. but then in regards to the subject matter of this thread, you are not really describing how you deal with the issue of buying on dips (beyond largely just continuing to DCA and not stopping).

Many of us have acknowledged that with DCA, you really do not need to stop, and you could merely just adjust your DCA size from time to time based on your own cashflow considerations, including that any additional lump sum amount of money that you might come across in your income or your yearly cashflow could also just be folded into a kind of DCA practice.

Your forum registration has ONLY been a little bit less than a year, so it is difficult to project a long record.. I don't want to respond to you in a way that is not appropriate to your circumstances, but let's imagine that you had been into bitcoin for two years, and so in mid-2021, you started buying bitcoin, but you were new to bitcoin, so you did not want to become too aggressive, and so you started out at $10 per week, and then after a year or so, you decided to increase your weekly amount into bitcoin to $100 per week... so maybe once or twice a year you might get extra cashflow (let's say $1k bonuses or whatever twice per year..but you are not always sure if you will end up receiving them.. so you cannot spend them in advance) and then once you get each of the bonuses, you can decide whether to buy BTC right away and just lump sum into it, or you can decide to put that amount into your DCA, and maybe spread it out for 10 weeks or for 26 weeks or whatever period of time that you would like to do.

Another possibility would be to divide your bonus into three parts. One part (such a third) is used to buy BTC right away, the second third is plugged into your DCA over whatever period you would like to apply it and the third part is set aside for buying on dips, if such BTC price dips happen....

It seems to me that the longer that any of us put these methods into account the better we likely will become in terms of deciding how to allocate our BTC buying/accumulating decisions, and we will also see how we might need to modify our approach as we start to see that our overall investment portfolio is getting larger and larger - whether our investment portfolio is in profits or not, we can see that through time, our investment portfolio (whether completely in BTC or having other assets) is growing and for sure we feel better if it is in profits, but the extent to which it is in profits might not be a BIG factor in terms of causing us to change our strategy beyond mostly attempting to make sure that we are managing our cashflow well and the extent to which we have sufficiently ensured that we are maintaining an emergency fund, and sure .. depending on the totality of the various other individual factors that we are considering, too.

Quote from: SmartGold01 on June 08, 2023, 01:22:02 PM

Quote from: Dr.Bitcoin_Strange on June 08, 2023, 11:02:42 AM

Quote from: mendace on May 27, 2023, 08:14:26 PM

I think not spending your Bitcoins and holding them as if they were the last thing you want to get rid of is the most wrong thing to do because if the goal is to be able to spend them one day then how can we expect this to happen if it's not us the first to do it? And also spinning many Bitcoins would also help the growth of the network.

While on this thread, I have really learned about the importance of holding Bitcoin for a long time. With discussion on how to hold our Bitcoin for a long time, I have also understood that there is nothing wrong with holding your Bitcoin for as long as you want, but a member of the quote above thinks it's very wrong to hold Bitcoin for a very long time. I think he is the one who is wrong in his thoughts, but what is your opinion about this? I just want to be clear. Responses are appreciated; please. Thanks.

Bitcoin gives everyone free hand and access to do whatever they thought of with their bitcoin, it's not a do or die affair whereby after buying you must hold till finite. Don't quote me wrongly but just try to get my point here, I may decides to buy bitcoin today and sells in the next two to three months after which I think the little increase or profits gain from it is okay by me.

Also remember that I may buy bitcoin and in few days interval urgency may come to me whereby I can decides to sell and settle the problems at hand but that doesn't mean I do not want to hold my bitcoin, but since there is no alternatives on how to get it sorted out I then decides to sell my bitcoin is not a bad decision I have taken so far.

But main problem here is, If I could be able to get them back at that cheap price which I sold because knowing too well that bitcoin price can't be as same when buy this year and next year. Being able to utilized the opportunity given to us at a plater of Gold is another great deal which many does not know that opportunities never waits for anyone.

As a fellow you have something good doing at hand and it happens that you just buy and sell without any reason is really bad because bitcoin is a Gem which is worth holding for long term.

You are correct SmartGold01 that you have the discretion to do whatever you want, including overly investing into something (such as bitcoin) and not having your shit sufficiently together and being forced to sell 3 months later or 1 year later or some other timeline in which you end up selling your bitcoin at a time that is other than your own choosing because you over invested and you gambled and you were using money that should have had been in some kind of emergency fund.. and bitcoin is not a good emergency fund.. even though the more that you are in profits, the more options that you would have to keep some value in bitcoin as an emergency fund.

Part of the rationale of not investing more than you can afford to lose would be that you do not have to sell any of your bitcoin at any time other than completely your own choosing and hopefully there can be a variety of options that could be arranged in which there are funds available that can be drawn upon and there are choices in regards to which funds might be drawn upon during periods in which it might seem that everything is dropping (except for dollars) and maybe some larger quantities of your value should have been in dollars rather than getting greedy in regards to holding too many bitcoin and having to sell at a time that is other than your completely own choosing.

PS... By the way SmartGold01.. when I glanced at your profile (after I had already drafted this above response), I had just noticed that you had created a thread from February with my name in it.. hahahahahahaha.. ..

Strange as it may seem, I had not realized that such thread existed.. and no one mentioned that thread to me.. Within the next day or two I will try to take a look at it..