Quote from: chrisculanag on July 30, 2023, 11:16:33 PM

As for the business, I haven't planned much because I don't have enough capital for it yet, but I have a loading business that will somehow generate income, but it's not big.

It is good to attempt to work around some businesses that you know, and in that way sometimes you can end up getting some insider information, and then to build bigger and bigger jobs upon references, and sure at some points, there might be preferences for capital injections, but capital injections are not going to necessarily improve your situation, if you are not able to use that capital in ways that is able to pay back more than the capital that you had injected, and sometimes the pay back might not come within the first year or two of the injection but might take a while before something like good will increases to compound upon itself resulting in higher paying and/or more profitable jobs..

Quote from: Altryist on Today at 12:56:00 PM

Quote from: Dr.Bitcoin_Strange on July 30, 2023, 06:44:02 PM

One good way to also invest in Bitcoin is that the person must have a target price at which they want to buy, so that if the price drops to or below their target price, they will just buy at once. In the case of my example, the price of Bitcoin fell way beyond the investor's target, and even if they bought up at once, it's never a bad investment, because their profit will still be huge compared to others who might have even bought at $30k or those that bought Bitcoin during the last bull market at $40k, $50k, and some at $60k.

Buying in the 40k-60k range is not a good target, it tells us that the investor has done some poor analysis before investing.

Do you really think so?

The BTC price was in the $40ks, $50ks & $60ks for most of 2021, and even the first 4 months of 2022.

Anyone who started investing into bitcoin during any of that time did not necessarily do the wrong thing, even if they might have had ended up lump sum front-loaded his/her investment into bitcoin.

However, they might have made some mistakes if they either had to sell some or all of their BTC when the BTC price went lower than $40k after after early May 2022, and/or if they failed to buy BTC between May 2022 and now.

Now, right now you might believe that you are smarter than everyone else because you think that you know that the BTC market was saying that it was at its top between early 2021 and April of 2022, yet I really doubt that you know shit about what was going to happen to BTC after April 2022 - except for that right at this time you can see what actually happened after April 2022, so now the 2021 to early 2022 data seems so damned clear and that anyone should have had known better.

Yeah right. Roll Eyes

Fact of the matter is that you did not know, and hardly anyone else knew, even some of the twats who were leveraged to the tits (including SBF) did not know that their were going to get reckt as fuck - I think that even as late as October 2022, SBF and his fellow fraudsters thought that he was going to be able to buy his way back into profitable BTC to keep his charade going - including BTC going well above $40k.

And of course, I am not even wanting to suggest that the over leveraging of BTC was ONLY the fault of SBF because it seems that Terra/Luna was one of the first to go down, and we had weaknesses shown in others that came from that first cascade that included Voyager, BlockFi, Celsius, 3AC, and a few others that then later showed weaknesses in DCG and Genesis that came after the FTX and Alameda failures.

It was not know that any of that cascading was going to end up happening then, and any of us should be able to imagine realistic scenarios in which the BTC price went above $100k prior to those businesses failing (and maybe some of those businesses would not have had failed if BTC prices had gone up before they went down)... BTC's price action from May 2022 until now was not "inevitable" and "known" as you are trying to act like you are smarter than everyone else right now because you see what had happened, and maybe you, Altryist, try to come up with some kind of a lame retrospective (hindsight is 20/20) rendition of BTC price charts that shows that "everyone should have known" blah blah blah.

Quote from: Altryist on Today at 12:56:00 PM

And in this case, buying in one trade is bad, because in the further fall, if he continued to buy in parts, he could get a better entry price. But I'm not opposed to buying most of the investment in one trade, it can also get a good price, although this requires good market reading and to some extent it will still be a game of luck.

Well, you are not wrong about this later assertion.

Part of the problem is that not very many people can get a "good market read" and getting a good market read is ONLY one part of the formula when you are trying to figure out how to invest into bitcoin, whether it is DCA, buying on dips, lump sum investment or a variety of such tactics, and surely your willingness to explore the weighing of the advantages and disadvantages of each of the methods seems to demonstrate that you know that there are various trade-offs with each of the BTC accumulation methods.

And, even if you try to time your BTC buys, there are trade-offs if you fail/refuse to sufficiently/adequately buy on either a regular basis or even when a certain level of dip had already taken place because you are saving too much value in fiat waiting for BTC price dips that might not end up happening.

Quote from: Wend on Today at 03:30:52 PM

Quote from: Altryist on Today at 12:56:00 PM

Quote from: Dr.Bitcoin_Strange on July 30, 2023, 06:44:02 PM

One good way to also invest in Bitcoin is that the person must have a target price at which they want to buy, so that if the price drops to or below their target price, they will just buy at once. In the case of my example, the price of Bitcoin fell way beyond the investor's target, and even if they bought up at once, it's never a bad investment, because their profit will still be huge compared to others who might have even bought at $30k or those that bought Bitcoin during the last bull market at $40k, $50k, and some at $60k.

Buying in the 40k-60k range is not a good target, it tells us that the investor has done some poor analysis before investing. And in this case, buying in one trade is bad, because in the further fall, if he continued to buy in parts, he could get a better entry price. But I'm not opposed to buying most of the investment in one trade, it can also get a good price, although this requires good market reading and to some extent it will still be a game of luck.

Bitcoin is a potential investment, but that does not mean that simply buying and buying without doing any analysis is a misconception. Of course, the people who bought bitcoins for $60k won't lose if they haven't sold their bitcoins yet. But they have to hold for many years to recover their losses, while others who bought bitcoin for $15k or $20k made huge profits.

For me always analyze and make appropriate investment decisions, should not listen to any advice from anyone. No investment will bring us any profit if we buy it at the wrong time and at too high a price.

I don't really disagree with anything that you are saying Wend, but you may well suffer from one of the same problems as Altryist when you are suggesting that anyone would have known (or had any kind of meaningful level of confidence) that the BTC price was going to drop below $40k in 2022. Yes, right now, you can see it all seems so damned clear, but it was not necessarily clear throughout 2021 or even into early 2022.