Quote from: virasog on Today at 01:30:05 AM

Quote from: BitcoinsGreat on Today at 12:52:00 AM

Quote from: salad daging on September 28, 2023, 10:55:02 PM

If you continue to worry about the price in your DCA method then this will hinder you, it could be that you keep thinking about the price that has started to rise while still hesitating to continue? I think this thought must be eliminated at least whatever the price is if it's the DCA method then just do it.

This was my initial problem too when I started it was really hard when I kept seeing price movements, if you keep thinking about this then investing in the DCA way will not develop but you will be reluctant to continue because you keep seeing prices.
If the goal of DCA is long-term, there is no need to worry about it, it should be a habit for us that there is no stopping to continue DCA.

People usually prefer to do DCA if the price goes further down from their buying price, They usually stop investing / DCA once the price goes up from their initial buying price. This may be right for people who have limited money, but the real essence of DCA is to make a plan to invest certain dollars into Bitcoin on a regular basis. It could be weekly, bi-weekly, monthly or whatever timeframe but it should be consistent. While doing the DCA, you would not look at the price. Just hit the Market Buy button and move the bitcoin to your cold storage.

Some time back I saw the same strategy of DCA being followed by one of the crypto YouTubers, who used to DCA around 200$ on every Monday. He also said that he will continue to do the DCA in this way until BTC is below 30,000$. Once the bitcoin reaches above 30,000$ he may cut his DCA in half, that is 100$ per week. Similarly, if Bitcoin reaches 40,000$, he will further reduce the DCA to 50$ a week. This way he will have the most amount of bitcoins in low prices. He will stop doing the DCA once the Bitcoin price is all time high again.

In my opinion, this approach is a really good one as you continue to do DCA throughout the bear market and are ready for the next Bull market.

The idea is not bad, and it combines the concepts of DCA and buying on dips, so it ends up being a kind of hybrid DCA approach, and if someone is in their early stacking stages, they might not be benefitted by that kind of a level of DCA reduction.. but sure, each person has their own considerations in terms of how heavily they may end up choosing to stack their sats and also what they might consider reasons to transition into purposefully lessening their DCA stacking.

A thing that I like to think about is how close that any of us might be getting to our own definition of fuck you status (you can see my projection of a kind of default entry level fuck you status here) and with that we might be able to project how many coins we believe that we might need at certain points in time, so whether or not we think that we are able to reduce our DCA approach based on higher prices might be seen in light of how close we consider ourselves to be in terms of fuck you status, projections of fuck you status and/or considerations whether we might feel that we need to stack beyond our targets in the event that BTC prices might not play out as bullishly as we might have had anticipated.

Quote from: Iranus on Today at 02:53:27 AM

Because my sell target is still the new ATH, as long as the price remains below my sell target, I will buy without worrying about the price.

Hopefully you do not end up selling too many BTC too soon, and a lot of BTC HODLers have learned to modify how much they plan to sell.. and sometimes they move down from their ideas of selling 100% to selling 50% and then sometimes they realize that maybe they should not sell any more than 20% to 40%.. so there can be some variation and even some decisions to cut back on the idea of selling - especially since many times the previous ATH is not really a place to sell.. it is known as a kind of deadman's zone in which the BTC price tends to pass through.. of course, no guarantees...and maybe that is why sometimes folks end up selling too much of their stash at previous ATHs but then the BTC price does not end up revisiting those previous ATH prices when it drops back down.. your milage will vary for sure.

Quote from: lienfaye on Today at 03:10:34 AM

Quote from: virasog on Today at 01:30:05 AM

[edited out]

DCA is good and ideal for investors who don't mind the current price to buy Bitcoin. The idea of buying consistently on set price is less stressful since you don't have to worry if the price is going to increase/decrease further.

I tried this before and able to sell last bull run but what I experienced to be more effective is still buying during dip. Although it takes a lot of patience, and you have to refrain yourself on thinking negative thoughts if Bitcoin took longer to bounce back. But still that's proven as profitable and working for investors who can let their Bitcoin stay on their secured wallet for long period and can wait for bull run before selling.

Part of the reason that your system likely worked out so well, @lienfaye, is because many times we have no fucking clue which way the BTC price is going to go, even if it is going up in exponential kinds of ways.. so there are plenty of times that it does not really pay off to be engaging in too many tactics to reduce your DCA in too dramatic ways.. The more BTC that you accumulate, the more at liberty you will start to feel that you are able to reduce some of your DCA and/or increase your DCA.. but it does not seem to be a very good beginner move.. even for someone who had already been accumulating bitcoin for 3-5 years, if they are far from getting even close to fuck you status, then there may be no real value to be reducing their DCA in any kinds of significant and/or meaningfuil ways merely because the BTC price went up.