Quote from: ginsan on Today at 01:51:48 PM

Quote from: JayJuanGee on Today at 03:17:05 AM

Quote from: ginsan on June 16, 2023, 06:33:15 PM

Quote from: Baofeng on June 14, 2023, 09:37:09 PM

I don't see it as gambling though, I see it as a test to myself, on how tough I will be on this kind of games. So I just started with a short term goal and then work my way up to a year and then now I'm confident of my capacity and mental strength to continue to accumulate although there were moments last year wherein I need to sell some stash because of the death of my sister.

Nevertheless, I was not deter, after that I continue to have plans and execute my strategy and I would say that I'm doing fairly good right or at least have the confidence now to be a bitcoin HODLer. And I'm trying to get to 52 weeks or even higher.

That's very extraordinary, you have succeeded in instilling a belief that is strong enough and full of determination to carry out the investment you are making. Indeed, all of these twists and turns are quite difficult and full of challenges, but the level of confidence or experience that we have learned in previous years can be used as a strong reference to start here, namely buying and holding through each strategy. Indeed, I myself also feel a sense of boredom, but I have to get rid of that to achieve my target of buying btc every week and that is one of my targets in the long term.

On the other hand you have reached 52 weeks in the buying stage and that is quite an interesting milestone and I think you will get used to it and there will be no more burden to keep buying and buying. I myself, for now, have probably just entered the 17th purchase stage and even then I do it routinely every week. Well hopefully our dream can be achieved to have 1 btc and it will motivate us to keep buying and buying.

You've been a forum member since 2016 ginsan.. so are saying that since sometime around then, you have gone through 17 stages in which you had been weekly buying BTC on the dip.. (or what you perceive to have been a dip)? That buying on dips like that works better than if you had just followed a strict DCA?

If I understand you correctly, you are DCAing within a buying on dip approach... in order to attempt to get more bang for your buck with your DCAs.

A very strict DCA of $10 per week for the past 6 years would have gotten you real close to 1 BTC.. and you would have invested $3,660.

Did you do better than that in your trying to time your buying BTC on dips rather than just consistently buying on a weekly basis in order to attempt to reach your 1 BTC goal? and presumptively you would like to continue to accumulate BTC even after you achieve 1 BTC.

Sorry to explain off topic. Several times i have held more than 5 btc at the same time i sold it and at the same time i did not hold it long term. And only this time I realized that the decision to sell in the past was the worst decision I had ever made. Maybe it's a bit stupid but that's my experience and I learned to go back to accumulate with DCA since I visited this thread and don't plan to sell again because I've learned from many mistakes that I've done in the past.

Indeed, that's what I said, I just started and hope for a lot of positive support, be it financially or otherwise, because it can make me more enthusiastic about doing the DCA strategy every week.

I am happy that you have learnt from your mistake ginsan for thinking that bitcoin is a short term profit generator,which this is what so many people always have at the back of their mind that is to sell and make profit when there is a little pump in price. They are blindfolded with little profit at the moment and didn't see the huge benefit when you hold for long. So many bitcoiners have this idea of selling durig the bull or in a price higher than what tgey bought as smartness and buying again after the price has dump below what they sold. They are just deceiving themselves thinking that they are making income not knowing that it will be hard for them to have that same number of bitcoin or higher than it after they have sold it,due to some financial circumstances that will come around the person and will make him use some part of the funds to solve.

Sometimes,the price of bitcoin might even discourage him to be able to buy back the quantity he sold. Ginsan take for instance that the price you sold those 5BTC of yours and compare it to assuming you left it to this very time,how much your bitcoin portfolio will worth. Anyway,we are in the forum to learn more on how to be successful in our bitcoin journey by accumulating more sats to our investment portfolio and also to learn and understand the reason why we must not sell our bitcoin but hodli for as long as we can. JayJuanGee is a genius in this aspect and he is ready to make one struggle his way to success in his bitcoin journey through his experience as an OG. This thread has really helped a lot of us to understand bitcoin bitcoin is all about hodli and accumulating in your capacity,so that you might able to reach that fuck you status someday.