Quote from: Wind_FURY on Today at 02:27:24 PM

Quote from: JayJuanGee on July 30, 2023, 05:00:48 PM

Quote from: Wind_FURY on July 30, 2023, 09:48:50 AM

Quote from: Odusko on July 29, 2023, 09:55:18 PM

Quote from: Wind_FURY on July 28, 2023, 02:41:03 PM

price-based strategy. That won't work if you truly want to HODL. You should have a time-based strategy.

Well despite having long-term perspectives in mind while buying Bitcoin, we must still put in mind that our entry price matters a lot because the buy price is what determines the level and time of profits, this is so because those that bought their first Bitcoin at all-time high price above $55,000-60k+ are going to wait longer before the records profits compared to those that bought bitcoin at a discounted price below $16,000-20k if bitcoin make any all-time high above the last ATH.

Try to get the point of the post and what's being said. I'm not telling you to buy blindly at ANY price like a DCA-type of strategy. My own personal belief has always been wait for a DIP, and always bid LOW where you can find a discount.

The debate for a time-based strategy is to continue HODLing despite making a mistake and having -50% in paper-losses in your investment. Some price-based investment strategies would have already sold at a loss because "price dictates" that such a strategy should keep losses small. I think for Bitcoin that might be the wrong approach.

The devil is still in the details Wind_FURY.... because each of us likely have time-based considerations, but also just buying on the dip in itself is a price-based consideration.

So, even though it does not hurt to throw out those ideas, each of us are likely attempting to weigh both types of considerations and to employ those into our overall approach to BTC whether it is in regards to the way that we accumulate BTC or in regards to the extent that we might consider various points that we might sell.. and sometimes we are going to have to consider both time and price at the same time, because if the BTC price shot up to $1 million within this calendar year, it might cause some folks to take some value off the table because the BTC price seems to be unsustainable to be shooting up so rapidly, but if the BTC price slowly goes up for the next 4-10 years and maybe it reaches $1 million in that time frame, and maybe it does not, but the mere passage of time, could well contribute to changes in our own personal ways of thinking about how we might want to manage our BTC portfolio, even if the BTC price reaches the same amount of $1 million, and we are not being irrational or panicking merely because we change our strategy based on the differences in the timeline that ends up playing out in those two different scenarios that I suggested that either of which could end up happening...

But the whole point being how to avoid selling at the wrong time because every decision is price-based. IE some people would buy at $30,000 and decide to sell at $32,000 because there's "price resistance", then buying again at some price point and sell at another shortly after "because reasons".

The other point for a time-based strategy is that, during bear markets = time-based, there are more opportunities in buying actual DIPs that might not DIP much further, giving the buyer a discount than buying blindly at any price point.

Still? How are we going to know? Even now, it does seems that we are in a flat and maybe slowly climbing out of the bear market phase, so maybe it is a good time to be buying on dips? The odds seem pretty good that our $15,479 bottom is in, and the 200-week moving average continues to move up. It was just below $22k when the May 2022 BTC price fiasco seemed to have begun (or was pretty clearly undeniably in a bear market), but many of us might not have had known that we were in a bear market prior to May 2022.. so there likely were a lot of bitcoiners who were buying BTC at higher than $37k prices prior to May 2022.. and many of them were buying like crazy in the lower $50ks because they were not convinced (or they were convinced) that bitcoin would not go below $50k ever again...

and I am not even saying that those kinds of buys of BTC are unreasonable, but sometimes the contradictory nature of a lot of the feelings and sentiments about price may well end up allowing for greater psychological security to just employ various regular BTC buying strategies that focus on regularly buying more BTC rather than trying to guess if the BTC price might be going up or down.. which also may well result in larger amounts of BTC accumulated even if the average cost per BTC may well have had ended up being higher.. but at least the BTC stash was honed into becoming a larger size than the "let's wait and see" approach...

but whatever... do whatever you like.. I am surely not opposed to trying to time dips and to avoid selling.. especially if your goals are actually to accumulate BTC..

Once you get to a certainly high level of BTC accumulation (like you have way too much, if that's possible?) then you are able to have more freedoms in terms of selling at various points and you would not necessarily be selling it in order to be able to accumulate more, but instead selling because you can.. and if the price goes down then you will buy more.. but you do not need to buy more and you do not need more BTC..... so yeah, sometimes guys/gals will get confused in regards to their own objectives and tactics, and I surely agree that selling to accumulate seems more like a gambling strategy than a strategy of a longer term investor who actually somewhat understands BTC.. so focuses on accumulating BTC through various kinds of buying and HODLing until getting to the "I have too much BTC" stage of his BTC investment / portfolio management journey...

How much is too much? That's another question.. maybe when s/he gets to several multiples of his her annual income, but it is also going to depend upon a variety of individualized financial and psychological factors.... including other investments too... and if s/he is in entry-level fuck you status of 20-30x his annual income into bitcoin (or just having an overall investment portfolio at that size), there may be some needs to assess the extent to which the BTC portion of the investment portfolio might be too much... so how much BTC versus other assets can be fairly BIG questions too.. including if you might start with having ONLY 15% allocated to BTC, but price changes cause your BTC allocation to become something in the ballpark of 75% to 90%, so you might want to reconsider how much BTC you have and whether to shave some off and how to shave it off.. Having those kinds of high percentages that come from BTC price appreciation do not necessarily create needs to reallocate.. but there may be some needs to measure what your other assets are too...and to consider BTC's past price performance and/or consider future performance to also consider the extent to which any BTC might need be shaved off once the accumulation of BTC and perhaps its price appreciation had gotten so high... and how quickly did such price appreciation happen, might also trigger varying ways to actually deal with the allocations of various assets (including BTC) that are in the investment portfolio.