Quote from: JayJuanGee on August 19, 2023, 02:52:17 PM

Quote from: Odohu on August 19, 2023, 08:57:22 AM

Quote from: JayJuanGee on August 19, 2023, 03:02:53 AM

Quote from: Odohu on August 18, 2023, 08:32:11 PM

After one of our conversation when you said you have small percentage of your money set as buy order even below $20k, I actually adjusted my limit orders too to capture the $24k, $26k and 28k zone where majority of the orders were as I felt price might soar from that zone. I am happy to tapped from your wealth of experience.

I don't get a lot of pleasure from my buy orders getting filled, yet I usually consider them to be offsetting the negative news in which the BTC price ends up dropping and frequently dropping further than we really think that it will...

it is kind of like making lemonade out of lemons.. with the assumption that you did not want the lemons, but you will still try to get some kind of benefit out of them...

and like you said that if we end up setting these up correctly, we can achieve a bit more of a kind of emotional neutrality - even though I doubt that we can really completely achieve emotional neutrality but having preparations in place for a wide set of scenarios does seem to take off some of the severity of the bite.

I understand you very well. My excitement is primarily because the adjustment made me to gain more Bitcoin than I would have had if I had bought at the market price then. Initially I was planning to market execut when price lingered so much around $29400. But adjusting the orders lower in anticipation of a little dip following that discussion made me gain as much as 11% of Bitcoin. This is the reason for my excitement.
Anyways, what matter most at this point is buying Bitcoin within the levels it is as that to me is a wise decision. Bitcoin is heavily under-priced at the moment so any entry point within the zone is fine.

I really cannot begrudge anyone who gets excited from being able to stack more sats upon BTC price dips, and you likely are able to imagine how the longer that you might be in bitcoin, then your stack of BTC starts to grow in such a way that you are mostly biased towards up in such ways that you do not really get very many benefits from the BTC price dipping. but you can still structure your BTC portfolio in such a way that you attempt to take some kind of advantages of the price dips in order that you don't completely miss out from such BTC price moves.

Your portfolio could also be on the margins of setting you up for life, but not really setting yourself up for life.

Let me try to illustrate with an example of someone who might be somewhere between where you and I are - in terms of how long that they had been in BTC, so we might imagine a kind of progress that takes place with the more time that you are in bitcoin and the more coins that you likely have been able to accumulate based on arguably having had employed a somewhat aggressive approach to BTC accumulation.

So let's use an example of someone who came into bitcoin right around the top of the 2017 price run-up, so such person first started buying BTC at $17k, and then the BTC price ended up correcting into the sub $10ks, and even spending quite a bit of time in the sub $10ks... so maybe over the past nearly 6 years, such person might have invested around $60k into bitcoin, and maybe acquired around 6 bitcoin..so averaging around $10k per BTC... so maybe this person had come to bitcoin with about $15k already saved up and able to invest into bitcoin, and had a cashflow in which s/he could dedicate around $150 per week towards ongoing BTC purchasing, and if such person has a similar kind of budget now, as what s/he had over the past 6 years, then maybe s/he is still putting somewhere in the ballpark of 1/2 of the available income into DCA (which would be $75 per week), and then letting the other $75 per week build up in such a way to be able to buy more BTC on dips.

At some point there are going to be feelings from such a BTC stacker that the marginal benefits of the dips are not as great as if the BTC price would just go up, so there are feelings that there is not as much benefits from dips - in part because such person had already been stacking sats for nearly 6 years... sure, each time the price dips, s/he could get more BTC, and perhaps at some point, s/he might decide to completely stop with the DCA (or to reduce the DCA to very small amounts) and then to mostly stick with allowing his/her fiat to build up and to use that built up money to buy BTC on dips - and maybe even the dips have to become sufficiently great to even inspire BTC purchases.

In other words, the larger the BTC stash grows, the harder and harder it becomes to inject large amounts of value into it and even to cause the stack to grow more than a few percentage points... but when the stack is smaller, then surely it is likely easier to cause the BTC stack to grow to higher percentages with lower levels of capital injection.

Your explanation is very accurate and understandable, with the current Bitcoin price movement, nothing is sure for now but one could actually utilize the opportunity because it gives an advantage for people to structure their portfolio in a way that will help them make profit from the dip, considering how btc movement is now buying to hold will take a bit time before getting or making profit, so while others waits for the right time to enter the market others sees it as an opportunity to boost their portfolio by scalping the market.

Just like what a friend told me, he said he invested a lot of money on Bitcoin that he plans holding for long and that he structured his portfolio in two ways of investing plan, first one is buy and hold while the other one was for buying and selling, so as Bitcoin price dipps he sees it as an opportunity to trade the market by scalping.