Quote from: BABY SHOES on Today at 09:00:58 PM

Quote from: JayJuanGee on September 14, 2023, 11:39:13 PM

I did most of my DCA into BTC between November 2013 and early 2017.. . .and I did a bit of DCA after 2017 too.

That's quite a long initial journey with DCA that you are doing.... Maybe I will start like that at the start of this year until the next few years, I'm not sure how long it will last but my own target is 2032. Is that realistic? Of course I will try my best.

I think that whether 10 years investing into bitcoin is enough depends upon from where you are starting. When I got into bitcoin, in 2013, I already had 20 years of investing into traditional markets, so then my bitcoin holdings became a supplement (or even a hedge) to my other investments that included equities, property, bonds, cash (or cash equivalents) and some exposure to commodities, even though bitcoin largely became my main commodity exposure since my investments were relatively weak in the commodity arena.

I doubt that it is smart for anyone to be thinking that they are getting in and out of bitcoin, since bitcoin seems to be a life time investment, even though there may be ways to manage (and maintain) your bitcoin holdings once you reach a level of BTC holdings that satisfy you, whether that is 2-5x your annual income (expenses) or maybe it is a higher amount while keeping in mind that if you get to 20x to 30x of your annual income in your investment portfolio, then you are likely getting into entry-level fuck you status, but the mere fact that you might be getting into entry-level fuck you status should not mean that you sell all of your various holdings rather than manage them and maybe even figure out ways to start spending them, if you are at that stage of your life when your investment portfolio starts to get into entry-level fuck you status... sure there are some people that will still want to continue to grow their investments, and age (and maybe family status) would surely factor into those kinds of considerations.

Quote from: BABY SHOES on Today at 09:00:58 PM

Quote from: JayJuanGee on September 14, 2023, 11:39:13 PM

One thing that is so great about DCA is that you can figure out for yourself, and sure, if you end up getting a $500 to $1k bonus once or twice a year, then you are going to have options regarding how you choose to spend that $500 to $1k extra when it comes in, and you may well end up choosing to buy BTC with it right away rather than spreading out your BTC purchases.. It is not always an easy choice to figure out how to employ extra cash when it comes in.. especially if you feel that you don't frequently come across extra cash. but the more you go through with buying BTC regularly, at some point you might decide that you are going to divide that lump sum into three parts in order to allocate 1/3 towards each (Lump sum, DCA and buying on dips), and then there might be some other times in which you feel that you want to strategize your purchases to buy on dips, and you might divide the lump sum into 3, but instead keep it all in one category, which is to buy on dips.. so you might buy 1/3 right away, and then the 2/3 to buy after a $1.5k drop in price if it happens and the 3/3 part, you might assign to buying that amount upon a BTC price drop of 4,680.

Those are your choices, and it seems to me that the more BTC that you get, the less stressed that you are in regards to buying BTC right away with your extra cash, and you become more wiling to set your BTC buy prices and just wait for the BTC price to come to you, and hopefully you are not too greedy in the places where you set your purchase prices, because if you already have enough BTC, the you are not worried about the BTC price going up because you already have enough BTC.

Yes, now I understand the DCA method and know the benefits myself.

Putting the DCA method into practice and applying it to your own circumstances seems to be the real test of both understanding it theoretically and personally experiencing it in such a way that you tweak it and tailor it to your own personal circumstances.

Quote from: BABY SHOES on Today at 09:00:58 PM

Expenditures will now be even tighter after the DCA planning has started. Before doing this I always shopped for non-essential items so for now, unnecessary expenses will no longer be used and it's more important to be strict on DCA than anything else.

That's up to you regarding how aggressive that you feel that you need to be for your own circumstances. I know that between 2014 or so and 2020, I largely just recommended that guys get off zero and invest $10 per week into bitcoin; however, it seems that in order to even get comparable results, people in the west should be trying to get to $100 per week. and sure some folks could even do more, but $100 per week seems to be sufficiently aggressive without necessarily overdoing it for normies in the west.. but if you are not in the west and you are already starting with $12-$25 per week, you have to figure out your own level of aggressiveness and whether you believe that investing into bitcoin is a good use of your cash for you... especially since there are no guarantees that BTC will perform well.. so hopefully you are not depriving yourself too much.. . but again, those are your balancing choices.

Quote from: BABY SHOES on Today at 09:00:58 PM

In a normal year I always get a bonus from work several times but this time I haven't received it from the office. What is clear is that I already have this plan and will put it in BTC, but I also have a choice between buying it in a lump sum or in several part like you said, on the one hand I want to separate DCA and lump sum with different wallets and also with different records in the spreadsheet, it's clear in my opinion the results will be greater in DCA planning than lump sum because the bonus money cannot be determined how big it is but that in my mind is separate.

One of the good things about spreadsheets is that you do not necessarily need to keep the funds in separate wallets (or separate accounts within a wallet) in order to keep track of different purchases that you had made - even though as you suggested, there might be a little more ease to keep track if the funds are separate.

I have used spreadsheets in a variety of ways to keep track of purchases, but also to project out various kinds of BTC price performance scenarios and to see how my behaviors might impact my BTC holdings if certain BTC price scenarios were to play out (so long as I followed the plan).

At one point, in mid-to late 2015, I had divided my BTC into at least three overlapping categories in order to guid myself in terms of how to treat my BTC holdings, so there can be some fun (and practicality) in that. The categories were:

1) all of the BTC that I bought from late 2014 until then (mid-2015) (average cost of $250 ish)

2) all of the BTC that I bought from June 2014 until then (mid-2015) (average cost of $330 ish)

3) all of the BTC that I bought from the beginning late 2013 until then (mid-2015) (average cost of $520 ish)

These were moving targets, but they guided me in terms of my own authorizing myself for what I could do. The categories were overlapping due to my own reasons, yet there could be reason like you suggested to categorize the BTC in other ways including trying to figure out if average cost per BTC ended up being affected in any meaningful and substantial ways based on my own employment of various different kinds of BTC accumulation strategies. I am not sure how important that question is, except maybe to guide you if you believe it might contribute to your changing your BTC accumulation strategies (or what you recommend others to do) based on your own results.

Quote from: BABY SHOES on Today at 09:00:58 PM

Even now I have to be a little more adaptable, the need is increasing day by day, I have to save a little more so I can do more DCA well and strictly.

I don't really like the idea of buying daily if you are not buying very much, unless you are able to buy without much if any fees. Sometimes, you could have a cash account that builds up and then you send it to the exchange once a month or so, but also you have cash on the exchange that you would use so that you are not having to continue to submit small amounts.. and of course, some of the concerns about fees and/or sending a lot of small transactions (or attempting to minimize that) might have to do with personal circumstances, and I do recall that between 2013 and 2015 I was able to find ways in which I hardly paid any fees for a lot of my BTC purchases, but then sometimes the no fee options disappeared and sometimes it may be better to spend the fees, so for example if you are able to have fees that are truly just based on percentages, then it may well not matter very much if you buy $5 at a time or $100 at at time, because the purchases are percentage based... so then in those circumstances, you may well be o.k to engage in BTC purchases as soon as your cash comes in, even if you have small amounts coming in at each time (daily or even hourly making determinations how much to hold and when to wait to make purchases, whether to market buy or to set a limited buy order that might have lower fees than market buying usually has higher fees than the limited order fees.)