Quote from: armanda90 on Today at 06:18:24 PM

Quote from: superman184 on Today at 03:14:28 PM

Buying at a price that is too deep will not always be good because you will not get what you want to buy. If you hunt for Bitcoin at that price this year I think it will be difficult for you to get it, but if you don't really mind buying Bitcoin at the $25K level and holding it while waiting for a higher price, I think that's quite logical and very possible for you to do now.

So don't waste your time waiting for a lower price if you have the ability to buy at the current price, because in my opinion the current price of Bitcoin is not that expensive and maybe the opportunity to buy at the current price will not come twice this year, Moreover, next year the price of Bitcoin is predicted to experience a much better increase than this year.

Can't expected with Bitcoin will return back under 15k although many bad news every day and Bitcoin price not consistency on higher price, I don't think good ideas have waiting until Bitcoin dropped under $20k based on current bitcoin price right now have dropped to $25,700. If doubt for accumulating bitcoin better spent of your capital for investing in bitcoin around 60% and 40% left you can buy back later if prediction with Bitcoin will drop under $20k or have more lower price in the future.

I don't optimistic with bitcoin have another lower price in the future, seems current bitcoin price not really expensive right now and if have much fund is the best opportunity for investing in Bitcoin during with lower price around $25k.

Maybe it is better to use an example with this?

Let's say a person has been in bitcoin since May 2017, and he had been investing around $50 per week into bitcoin, so he has accumulated right around 1.8 BTC for an investment amount of around $16.6k.

Maybe this person has an income of around $20k per year, so the value of his BTC stash is already more than a couple of years of salary.. and so then maybe s/he also has some dry powder of around $6,000 saved up, so then if s/he is keeping up with DCA, s/he might also be wanting to buy on dips.. but if s/he had already been buying on dips, the maybe s/he would pick a few locations to put the buy orders, and to keep some dry powder?

S/he could place 6 orders of $1k at various places, or 3 orders of $2k.. but if the cash is still coming in, then the reserve amount might build up too. I am not suggesting where to put the buy orders exactly, and that is part of the reason that I have my own buy orders placed very $500, and my buy orders had already filled down through $25.5k-ish.. so then the next ones are every $500 from $25k down to $13k.. but maybe you would not consider that your $6k can go down that far and your buy orders would end up being too small if you were to try to spread them out that much.

So surely there is discretion regarding figuring out how much you have and where you would like to place your buy orders in such a way that they go down far enough that you feel satisfied.. even if there are no guarantees that BTC prices will even go below $25k, and then the next support would likely be around $22k and then likely $20k, etc etc.. and I hate to even think beyond $20k if $25k support has not yet been breached... even though I do have buy orders already down to $13k, but if the BTC price did end up getting close to $20k, then (at that time) I most likely would have to readjust the buy orders that I already have standing. In other words, why cross any of the bridges until we get there even if there might already be some preparedness that surely I don't even want the BTC price to go below $25k, even though I am prepared, just in case it goes down to $13k, and part of the rationale also is that I profit way more from the BTC price going up rather than down, even though I would be able to pick up some extra BTC (or satoshis) if the BTC price were to go down.

Quote from: BABY SHOES on Today at 06:54:11 PM

Quote from: Ryu_Ar1 on September 08, 2023, 09:34:46 PM

Quote from: Wiwo on September 07, 2023, 10:39:32 PM

Aggressive buying is mostly during an overly discounted Bitcoin market period, and do so should be done with funds that have no need for for as long as the time can take to make adequate profits in the long term,

It seems a little normal as we are perceived to be able to afford much larger purchases and with our greed in mind, these thoughts will always be there.
But on the other hand, this kind of aggressiveness will actually disrupt your rhythm especially when doing DCA. because indeed when discussing consistent DCA, the emergence of thoughts of being too impulsive will cause our DCA to be disrupted which makes this a little risky.
I previously made mistakes like this especially when bitcoin was at the price of $20k at that time, even though it was still profitable from a calculation point of view but on the other hand my DCA was disrupted because of the impulsive nature that I did so I had to change from the beginning of the DCA concept that I did and it was actually a little troublesome.

Lum sump? Well, that thought will be on our minds especially when the price falls significantly when there is spare money, I want to buy lum sump but I undo that intention and put more principles on the DCA strategy.

In fact, I don't want to be aggressive with buying at once even though this is a good way to also buy below at once but DCA will be a little chaotic and between once a week it becomes vulnerable to distance because it has bought below, my mind is that even if it continues to DCA with every week it will also be better and will not be a burden.

Now I want to be like flowing water in a river, no matter what the price is, I will try the DCA method.

Ongoing, persistent and consistent DCA seems to be best for people who are in their earliest of days in their BTC accumulation journey, and even if you have been DCA buying on a weekly basis for 1 or 2 years, it can take a long time to build up your overall BTC portfolio size if you are ONLY able to accumulate between $15 to $25 of BTC per week and furthermore, it can be difficult to save money on the side in order to be able to lump sum, especially if the $15 to $25 of BTC per week amounts that you are buying are really hard to divide up or to hold some value on the side.

There sometimes could be events where any of us might come across lump sums of money.. maybe even $1k or $2k once or twice a year, and in those kinds of cases, we might feel that we have fallen into a kind of luxury position in terms of trying to figure out if we want to lump sum buy or DCA or buy on dips or some combination of the three, and surely I have frequently suggested that the default approach should be to consider dividing whatever extra cash that comes in into three parts which are the lump sum, DCA and buying on dips, and then figure out how much to allocate to each of the three categories.. and you may well be more powerfull and resilient as a BTC investor if you are able to build up your own situation in such a way that you always have some fiat that is available that is extra in each of the three categories.. even though part of that cash may well be working too, and we know that some times the BIG price changes can cause some of the categories to either run out or to become extremely depleted, but the DCA should not so easily become depleted so long as you have cash coming in and so long as you consider that you are in your early days of BTC accumulation.. but the longer you accumulate BTC, then the more you might start to consider that you are no longer in your early days of BTC accumulation and you have advanced to a newer level in which you might need to reassess some of your techniques based on where you consider yourself to be.