Quote from: flyingcarpet on Today at 06:51:20 AM

This has been true from the beginning. Buy Bitcoin when its price drops. Bitcoin has been giving us opportunity for a long time. Now it's giving us more opportunity. Let's say the price drops from here, it will recover quickly. But when the price of Bitcoin goes up, we need to see that today is an opportunity so that we don't wish we had bought in time.

Bitcoin will always have price fluctuations. You need to take advantage of these days. Bitcoin is at a good price point for buying, accumulating and Hodl.

FTFY

You did not really say anything wrong, yet many of us likely realize that we need to ongoingly attempt to account for the likelihood that an overwhelming majority of regular people (aka normies) do not have any coin or they are low coiners, and perhaps even active participants in this forum (including this thead) fit within a similar situation - except that probably if we are members of this forum and perhaps more actively involved in various forum threads, then we likely are a little further down the BTC accumulation path - as compared to the regular person.

It seems that part of the rationale behind this thread is attempting to emphasize various ways to make sure that each of us is erroring on the side of BTC accumulation - even at the same time as there likely are some decently varying ideas regarding which strategies are going to work best to ongoingly remain BTC accumulation/stacking focused.. so surely many of us who are active in this thread likely already agree on the fact we should have BTC accumulation/stacking goals even if we might not quite agree upon the various ways that we might better accomplish BTC accumulation in a way that we feel that we can maximize our own abilities to get the best (or better) bang for the buck... which there likely are not any real solutions to resolve that almost no matter what we do there is likely going to continue to be tensions in terms of each of us having questions about whether we might be doing a better job in accumulating BTC or might we be able to do better?

Quote from: Tony116 on Today at 07:47:09 AM

Quote from: JayJuanGee on August 18, 2023, 06:53:04 PM

[edited out]

You are right, for elderly people over 70-80 years old, age can be a big barrier when we recommend bitcoin to them because to be able to profit from bitcoin, they need to hold bitcoin for at least 4 years if the cycle is repeated. So I think when recommending bitcoin to them, we should emphasize that bitcoin investment takes a long time and let them make the best decision for themselves.

It's really a big hurdle, but we shouldn't let that stop us from recommending bitcoin to them. Because maybe their desire is not necessarily profit but most likely, they want to experience new technology like bitcoin. I think at that age, money is no longer a big deal for them.

It seems to me that we need to be careful in terms of either being patronizing towards the eldery in terms of acting like we know something that they do not, even though it may well be the case that we do.. but surely everyone knows things that others do not know, so in that regard, there seems to always be quite a bit of value in terms of approaching elderly people and others in terms of their own agency and their own needs to make their own choices.

At the same time, if we are having any kind of conversation with anyone, whether elderly or not, there likely is a bit of a direction that is back and forth in terms of the conversation may well end up going in a variety of directions, and whenever we might be talking about finances, there may well be quite a bit of sensitivities in regards to the amount of information that we might have in regards to the various balances that anyone might be making and choosing (or not choosing) to disclose some of the details that we might have to make some estimations about how we might frame the subject..or the recommendation... that ultimately leaves them with the choices regarding how to get in, how much to put in and then maybe they might need more help in terms of setting up accounts, unless we are choosing to sell them bitcoin ourselves, which brings its own potential set of issues (not necessarily bad).

Quote from: Tony116 on Today at 07:47:09 AM

If my grandfather also likes to invest in bitcoin. I am willing to use my own money for him to experience because at my grandfather's age, money is not the most important thing.

Sure there can be questions regarding how to treat direct in line family members but then also if we come to some kind of an agreement that we might even be holding their coins.. in the event that they might have some challenges when it comes to setting up their own accounts or their own ways of holding their corn.

Quote from: Dictator69 on Today at 08:28:33 AM

Quote from: Agbamoni on August 20, 2023, 09:19:21 AM

DCA deviation multiplier
DCA #1 = Base Order - 1% = $29,700
DCA #2 = DCA #1 - 1% * 2 = $29,100 (Base order - 3%)
DCA #3 = DCA #2 - 1% * 2 * 2 = $27,900 (Base order - 7%)

DCA order size mulyiplier
DCA #1 = 1,000 USDT = 1,000 USDT
DCA #2 = 1,000 USDT * 2 = 2,000 USDT
DCA #3 = 1,000 USDT * 2 * 2 = 4,000 USDT

TBH, I did not realize DCA have types. Because I have been advice by legendary members that we should do DCA to get more Coins. But I never heard about types of DCA. And after reading these, I can say, each person can come up with their own DCA strategy which might suits them best. Like if to some person this DCA deviation multiplier is not working fine then they go after the second one. But One thing I did not understand there is what does the meaning of "Base order" here. I hope someone would shed a light on it please.

Yeah of course, you can employ your own variation of DCA, but if you do not really understand what you are doing, it is likely best to attempt to employ a more strict variation of DCA first, and make sure that you understand the more strict variation of DCA before you start to get too fancy and then end up doing something that you call DCA but it really is not even close to what DCA should be.. but instead a kind of buying on dips or even a kind of gambling, but you call it DCA because you start out with DCA and then devolve into something else.

Quote from: Dictator69 on Today at 08:28:33 AM

Let's say we have still $1000 in savings even after doing the DCA when the BTC is at $20k and after some bad news or whatever reason BTC again touches $17k or $18k then I think the wise decision would be to put all $1000 into the market instead still doing DCA at that moment.

You seem to be describing that correctly. So if you have a regular DCA set up, then you might have some dollars that you are holding in reserves, so when the BTC price dips, then you decide how much of that money in reserves that you are going to want to use to buy during the dip.. so if you are still ongoingly employing DCA and then also buying BTC on dips, then that would merely be a form of supplementing the DCA with buying on dips... and there is surely nothing wrong with those kinds of strategies, as long as you are able to figure out why they are different and then your education on the topic helps to inform you how many dollars that you would like to ongoingly dedicate (or reserve) for each of the practices.. and of course, you can change the amount of dollars that you dedicate to each category as your cashflow might change and also if you have situations in which your dollar reserves might build up to high amounts or become depleted more quickly than you had expected (or hoped).. so you can make adjustments to the amount of dollar value that you ongoingly try to maintain in each of the categories of your funding of your BTC accumulation strategies.

Quote from: naira on Today at 11:13:45 AM

Quote from: Tony116 on Today at 07:47:09 AM

[edited out]

....but when something unexpected happens, you should at least be the first to allocate the profit for your grandfather's health insurance, not for personal gain.

That's a good question regarding how involved any of us might get in terms of either giving advice and/or manageing the funds and/or having some discretion over the direction of the funds (like fiduciary duties).. so are we either gaining fiduciary duties or taking them upon ourselves when it comes to how involved that we might choose to get in the BTC accumulation and/or management of funds.

Quote from: Agbamoni on Today at 01:09:38 PM

DCA comes with various plans depending on how much someone knows about trading. I'm happy my plan has been good and it's been working for two years. It's easy, make the most of price changes by buying when it's low and selling when it's high. If you're unsure, the base order is the first investment amount you won't go over.

Take your trading bullshit to another thread, and sure your trading or whatever it is that you are describing might work.. who fucking cares?

you are in the wrong thread to be framing trading as if you had been talking about DCA, when you are not talking about DCA.

You seem to be a disingenuine fuck to be presenting your ideas as if they were DCA.. and in the end you come back to clarify what you meand and then to explain that you had really been talking about trading.

..and some of us, including yours truly, attempted to give you some benefit of the doubt that you were actually talking about some kind of a DCA strategy..

I should have known better.

Quote from: Agbamoni on Today at 01:09:38 PM

I'm glad you found this helpful and could understand and connect with it. I agree with you. If you read my earlier response again, I pointed out that this strategy is particularly effective for professionals.

Fuck professionals.

Who gives any shits?

A lot of what we are trying to do is to figure out various ways that people can engage in fairly-straight forward strategies to accumulate BTC.... read the OP and the title of the thread. It's about buying... and sure we interpret that to various kinds of accumulation.. and the more complicated that you end up making your accumulation, then the more difficult it becomes to employ whatever complicated formula that you are suggesting.

Quote from: Agbamoni on Today at 01:09:38 PM

These experts often have a good amount of money to trade, sometimes on behalf of a company or a group of Bitcoin investors. To meet their target returns within a specific time, they need to use this strategy.

Again, who cares about the amount of money. We have people who might have $1 per week or they might have $100 or they might have $1k or more who can employ basic BTC accumulation techniques, so who gives any shits about the supposed "BIG Balls" players who might happen to have more money .. blah blah blah.. fuck off with that shilling talk. What do you want to sell, Agbamoni? Are you trying to act like you have some kind of authority because you know people with a lot of money?

Quote from: Agbamoni on Today at 01:09:38 PM

You know, Ryu, some people use trading bots for this purpose. It's a good approach too. With trading bots, you can input certain configurations and connect them to the exchange API you prefer. You set your initial investment amount and you're all set!

Fuck off with the trading bot talk too. Either create your own thread, or go join a thread in which your trading bot talk is on topic.

Quote from: red4slash on Today at 02:15:39 PM

Quote from: JayJuanGee on August 19, 2023, 08:49:22 PM

[edited out]

Btw the division is quite good but I think we can still divide it equally such as with $300 in each purchase or DCA made or maybe make it $200 in one time it is also still possible.

I think that you are referring to my example of a $1,200 budget and placing them in 4 different price locations.

I think that I largely addressed this as a way that some kinds of buy order structures and plans are deficient and they may well cause panic because of their deficiencies, so merely dividing them into equal parts would not necessarily improve the deficiencies that I was trying to point out, but I agree with you that there are some benefits in terms of trying to stay somewhat consistent with amounts, once we might figure out other details, such as what are our increments, how much we have in our budget and how far down we want our buys to go in order to attempt to account for what we believe to be worse case scenarios (and perhaps even having enough of a budget to go beyond what we consider to be worse case scenarios).