Quote from: Wind_FURY on Today at 05:35:24 AM

Quote from: JayJuanGee on Today at 05:06:49 AM

Quote from: peter0425 on Today at 02:26:02 AM

Quote from: JayJuanGee on October 01, 2023, 07:34:31 PM

If you are not sure about it, then start with buying $10 per week of bitcoin and get your shit together, figure out your finances and your psychology and if you got it mostly figured out

I know it is as too small to begin But this is me that you mentioned mate, Yeah I started purchasing 10 dollars worth of Bitcoin back in mid of 2017 , and added a increasing amount each week.

but with wrong decisions in life, I got involved in gambling and ending losing all my investments in 2018 and yes , I truly regret those decisions.
But from there of mistake ,Now I can proudly say that I can feel the success in the net bull run.

I started out with $10 per week as an example because a lot of people can probably do $10 a week without even having to know very much about their own finances... and sure there are some members who either hardly have any income or they are living in a very low income location (or they might be a student), so even $10 per week might be a struggle for them, so they have to tailor to their own situation, even though $10 per week could still serve as kind of a aspirational starting point..

I am not really against the idea of having a separate gambling fund, but yeah, sure one of the problems with the gambling mentality tends to be inabilities to control yourself from tapping into funds that should be kept separately.. and then your little build up of weekly bitcoin DCA ends up getting used a a "temporary measure" blah blah blah.. but then pretty soon you lost all of the funds that you had built up.

I wouldn't call it a "gambling fund", but the farther away Bitcoin goes from the "discount phase" it's probably better to start lowering the DCA bids, and save that money in a "buy at discount fund". I don't know why I'm not as euphoric as everyone else with the current price movement, because in the current macro-economic environment, we're at high interest rates and under a tight monetary policy which may not change soon. Does everyone actually believe Bitcoin will never go down again?

BUT I read this blog, https://willowdaleequity.com/blog/what-assets-do-well-in-stagflation/

In a Staflationary environment, it's probably the best decision to buy more Bitcoin?

You surely seem to be going in both directions with your commentary, and there should always be some kind of need to prepare for further downity, so you largely seem to be quibbling (and/or having your own little dilemma) in regards to how much to hold in your buy on dip fund. Through my whole time in bitcoin, I have always had some kind of a buy on dip fund, but surely we know that for any of us, there are going to be times in which the buy on dip funds end up getting depleted or mostly depleted.. so if we remain bullish about bitcoin, then we begin to have more and more regrets when we don't have much if any money left to buy BTC on dips when it keeps dipping..., so we might be forced into a kind of HODL status when we don't have any money left to buy.

Who the hell knows if bitcoin prices are going to go down from here are what the odds are to breach various downity support points..? So at least now we are back above the 200-week moving average which is just shy of $28k right now.

You do seem to be wanting to put so much emphasis on bitcoin's supposed correlation with various macro-calamities, but that still does not necessarily mean that bitcoin will go down from here or that it might not go up before it goes down (if such liquidation dynamics end up playing out at some future date).

Hopefully, you will not end up having too many regrets if it ends up that your seemingly overly-preparation for the dip does not end up causing you either FOMO or just sitting it out for too long and/or actually missing out on buying that you could have had been doing.. and many bitter bitcoiners sometimes end up becoming low coiners or no coiners over such kinds of downity expectations that end up not coming true... which goes back to the expression that each of us should be attempting to balance our preparations for either direction at least a sufficient amount that we are not going to have regrets if the BTC does not move in the direction of our dominant expectation.

Quote from: rachael9385 on Today at 09:09:23 AM

Quote from: JayJuanGee on Today at 05:06:49 AM

Quote from: peter0425 on Today at 02:26:02 AM

Quote from: JayJuanGee on October 01, 2023, 07:34:31 PM

If you are not sure about it, then start with buying $10 per week of bitcoin and get your shit together, figure out your finances and your psychology and if you got it mostly figured out

I know it is as too small to begin But this is me that you mentioned mate, Yeah I started purchasing 10 dollars worth of Bitcoin back in mid of 2017 , and added a increasing amount each week.

but with wrong decisions in life, I got involved in gambling and ending losing all my investments in 2018 and yes , I truly regret those decisions.
But from there of mistake ,Now I can proudly say that I can feel the success in the net bull run.

I started out with $10 per week as an example because a lot of people can probably do $10 a week without even having to know very much about their own finances... and sure there are some members who either hardly have any income or they are living in a very low income location (or they might be a student), so even $10 per week might be a struggle for them, so they have to tailor to their own situation, even though $10 per week could still serve as kind of a aspirational starting point..

$10 per week is a good idea for any person that has a good job that pays very well at the end of the month. In such a situation, that person with a good job will not have any challenge paying $10 in Bitcoin per week because he\she already has a good job.

But if we look at the other hand, $10 per week can be very difficult for students, just like you already said and it is true, so in such circumstances the student should either quit the investment plans and wait until they have the money to keep accumulating.

There surely are some people who are not in a position to invest. They have to have discretionary income, which is cashflow that exceeds there expenses.. which would also include that they have made some preparations for an emergency fund of 3-6 months.. .. so yeah, if they do not have discretionary income then they are not in a financial position to invest into bitcoin or into anything else.

Quote from: rachael9385 on Today at 09:09:23 AM

Quote from: JayJuanGee on Today at 05:06:49 AM

I am not really against the idea of having a separate gambling fund, but yeah, sure one of the problems with the gambling mentality tends to be inabilities to control yourself from tapping into funds that should be kept separately.. and then your little build up of weekly bitcoin DCA ends up getting used a a "temporary measure" blah blah blah.. but then pretty soon you lost all of the funds that you had built up.

However, in gambling, what I don't like is the habit of using money that wasn't planned for it to gamble, and the harbor is common these days in some localities.

That tends to be one of the problems that gamblers have.. they end up using more money than their allocation.. so I suppose in that regard, there are levels of degeneracy when it comes to gambling and some gamblers are more degenerate than others.

Quote from: rachael9385 on Today at 09:09:23 AM

If we look closely into gambling, we will understand that gambling is one of the major things that collect money from gamblers easily but, still, some gamblers still end up being addicted to it, although there are people who are also benefiting from it, but the rate at which they lose is bigger than their winning (if we take our time to observe them).

Likely true... most gamblers are not actually making money from their gambling... there are some who do, but surely likely to be a relatively small number (in terms of percentage)

Quote from: rachael9385 on Today at 09:09:23 AM

Quote from: JayJuanGee on Today at 05:06:49 AM

One of the better things would be to learn from that kind of lesson in order to contribute to your own improved disciplinary boundaries.. and perhaps even coming to learn that gambling is not a very good mentality and/or practice, even if you might have had some periods in which you had been lucky in the past.

I get your point clear, but on the gambling section in this forum, it is being said that gambling is for fun, and I have come to agree with that (just a bit) but not totally agreed with it, because it is not a good practice, and it is something that could endanger someone's life if the person goes a bit far with it (addicted), this aspect of been lucky sometimes is what make some gamblers to be more addicted to gambling, so any gambler who sees gambling as a fun thing should just set a winning limits and a losing limit, so that when he wins or loses to the limit he can stop gambling for that day.

I would think that there are many gamblers who are able to set limits for themselves.. maybe even a majority.. but yeah, gambling can be addictive.

Quote from: virasog on Today at 02:16:20 PM

Quote from: JayJuanGee on September 30, 2023, 08:53:21 PM

tell us how you might have started out your BTC accumulation strategy and then how you might have changed it from time to time in order to try to make it better. And another thing, I don't really think that we want to hear about trading, but more in lines with how you might have engaged in some kind of an accumulation strategy, and sure many members do get distracted into trading and distracted into shitcoins and then they realize that they should have had employed and maintained a more consistent and ongoing buying strategy, whether it was DCA or buying BTC on dips or some combination of those two.

Well, most of people will find it hard to DCA with the income they get from their jobs or the salary they get every month. Many people live hand to mouth and due to the current inflation globally, the purchasing power of everyone has decreased over time. In such a situation, converting part of their income into bitcoin is a tough task for them.

If you ask me, i also find it hard to DCA by converting my fiat into bitcoins but what i managed to do over a period of more than a year is that i try to save all the money I get from the signature campaigns i joined and make sure not to spend it. Since I got this money in bitcoins, so basically it is my weekly DCA. Every week i get the Signature payment and I just save it for the future.

If you manage to find some source of income that you are able to keep in bitcoin (once it is already in bitcoin), then that is not very much different from someone who earns fiat and is able to perhaps set aside some of his/her fiat to buy bitcoin.. whether that is something like $10 per week or some other amount that may perhaps vary in amount, too.,,,

So then the question becomes whether or not a person has discretionary income (which is the amount of cashflow incoming that exceeds expenses) and even if the person does not believe that s/he has a sufficient quantity of discretionary income to be able to invest into anything (whether bitcoin or otherwise), such person might force himself/herself to be aware of the idea that bitcoin exists and to consider that if s/he ever wants to attempt to get into a better place in life in the future, then there might need to be some additional discipline in order to be able to figure out a way to set aside some of his/her income in order to buy bitcoin.

Yes, I know that there are people who are really poor and who might not be able to get themself to a position in which they are able to buy bitcoin, but there are a lot of people who also do have certain kinds of areas in which they would be able to either increase their income (like you did with your signature campaign participation) or to decrease their expenses, maybe in their selection of the kinds or quantities of goods or services that they consume... and I am not even necessarily going to claim that i know all the answers nor to suggest that everyone is able to accomplish such a thing as $10 per week.. because sometimes, if they are investing with money that they actually are going to need for their expenses (within the next few years.. at minimum), then they are gambling rather than investing.