Post
Topic
Board Bitcoin Discussion
Re: Avoid Procrastination, Buy Bitcoin And Prepare For The Next Halving.
by
JayJuanGee
on 20/07/2023, 00:28:53 UTC
Hmm, an interesting idea but the only side effect I see about this your thought would be the fact that not everyone knows your how to manage their resources quite well and by the way, money has a way of getting involved into other unnecessary things you don't plan for especially when you are just hoping to use it for an upcoming action. But notwithstanding the idea is not bad at all because the ratio of you losing and also maybe having  regret will be at minimal that's if you actually stick to your actual plan of buying with half the  funds and waiting to see how the market turns out (dip) to buy more.

I see it as a complete good idea, better than just waiting for the price to dip before you can buy, which could lead one to lose entirely, but this method will help you to at least have something that you can hold onto for the main time.
 
Money has a way of being spent unexpectedly, like I said above, "Amount set aside for the Bitcoin buying." This money is separate from what one might have on his reserve for needs and wants that might arise, since man's wants are insatiable. If plans are being made properly, there is little to be worried about.

Quote
But if am to choose I think I will just go with the DCA strategy knowing fully well am heading somewhere and only the thought of adding to my investment by every little fraction will be on my head and that way if the price pumps I gain and if it still dips I continue buying and so doing increasing the amount on my portfolio slowly for the actual mega pump that will profit me.
The DCA strategy still remains the best option when we want to talk about Bitcoin accumulation, but I don't see it working on this pattern of buying where the person needs to wait for a dip in order to accumulate his or her desired amount of Bitcoin.

DCA makes more sense the earlier that anyone is relatively early in his/her bitcoin investing journey and may well last 10-20 years, depending on goals that might be striven to be achieved, and so if you are wanting to get to an investment that is 20-30 x your yearly salary, you may well start to feel quit close to reaching your goals when you have ONLY achieved an investment portfolio size that is around 5x of your annual salary because you have pretty good ideas that bitcoin could end up going up in value 5x to 20x, and then  you are even closer to your goals, even though each of us has to be careful in terms of measuring our wealth (or the value of our bitcoin) based on mere spot price values when we know that spot price values fluctuate so greatly, and in that regard, we may well be better off to measure the value of our BTC holdings in terms of something more stable (and like a bottom) which would be the 200-week moving average. 

I do attempt to flesh out some of the BTC valuation matters in the third post of my investment ideas thread.