Quote from: Ojima-ojo on October 09, 2023, 06:13:26 PM

Quote from: JayJuanGee on October 09, 2023, 01:26:40 PM

Sure, from time to time, there are some price set ups that make it seem more likely of one price direction or another in the short-term, but I doubt that we are currently in one of those kinds of a set up.

The current price is far from being anyone set up price in both direction if we looking at it from the short term perspectives and Bitcoin being at 27k+ os some how at a shallow position that anyone waiting to take a DCA position at whatever direction be it upward or downward will have a problem in the direction to choose most especially if it is a short term position.

At this point, we all but have to wait to see which direction the price will point to clearly before being able to take a position.

The fact that we don't know which direction the price might move, does not affect the DCA buyer. The DCA buyer just buys regularly because DCA allows not giving too many shits about short-term BTC price moves.

Of course the person who wants to buy on the dip, may have already bought on the dip down to $25k-ish.. so then if we float around $27k for a while, such person who might be continuing to build up the buying on dip funds might be faced with a decision to buy again at these prices or to just wait.. there is no real exactly correct answer especially if each of us might have differing amounts of BTC that we already have accumulated, and also differing amounts of fiat that has been piling up in recent times.

If a hypothetical someone were to have a regular DCA fund and a buying on dip fund, and maybe had been accumulating BTC for a while, and if that person got an extra $1,200 that came in as a kind of job bonus, and that hypothetical person may well be faced with a choice regarding how to allocate such new money in terms of how much to allocate towards DCA, buying on dips and lump sum, and I would suggest that the default position would be to divide that money into three in order to be $400 for each category, but each person has to decide for him/herself in order to account for his/her own particular circumstances.

Quote from: khiholangkang on October 09, 2023, 03:47:38 PM

Quote from: JayJuanGee on October 09, 2023, 01:26:40 PM

Quote from: MCUKing on October 09, 2023, 08:21:30 AM

Quote from: JayJuanGee on October 08, 2023, 11:11:49 PM

We can look at the topic of this thread, and we can see that the thread is not about DCA - even though DCA ideas have kind of taken over the topic of the thread - perhaps because it is a bit of a superior idea over the idea of buying on dip and holding (or even the ideas about buying on the dip)..

Hi buddy.. After the exchange of views a couple of times a discussion between the members and my own experiences and learning I started a topic in the Bitcoin discussion where I was expecting that seniors would guide and put forward their views on the Different strategies adoption in different market zones. Haha but unfortunately the topic became a simple DCA praising discussion.

Anyway I would like active members from here to discuss the topic there according to their perspective, it would really helpful for the newbies and members like me who are desiring to get some wordic from the series on different aspects.
Previous Topic Name: How To Accumulate Bitcoin More Effectively In Any Market Zone
Current Topic Name: DCA vs Zone Specific Strategies While Accumulation of Bitcoins

Yes.. I see that you started that thread a couple of days ago.. and I'll put that thread on my list of threads to look at.

Of course, there are quite a few threads that end up having overlapping sub-themes.. and at the same time, sometimes we do need to go back to the OP to try to figure out if members are still even trying to stay on topic in accordance with the OP or sometimes the original topic might even become irrelevant in terms of what kinds of ideas might be being discussed within the thread, which might end up being a sign that the thread needs to be closed.

Do you really want to pay attention? I think the contents will not be far from what we are talking about here sir (discuss it will spin with what we have discussed here), and the scope is limited, which forces someone to talk about other things there, so it will not be relevant to The title, for me personally, is better to pay attention to this thread than to pay attention to other threads which basically lead to the same discussion.

I'm not sure you will waste time for that sir. Grin

But it is good, more and more people talk about DCA strategies and suggest it, more and more people who understand this strategy that we consider to be safer strategies for any market conditions in its application.

You invited me, and then you "uninvited" me?

At some point, I will look at the thread.. sometimes when a thread is new, it takes a while to pick up momentum.... This thread has been around and active for a while, and sure it seems that this thread has been pretty "hot" in the past few months.. .. which surely does not happen to all forum threads, even if such threads might be around for a while.

Quote from: nara1892 on October 09, 2023, 04:00:08 PM

Quote from: JayJuanGee on October 09, 2023, 01:26:40 PM

Quote from: MusaPk on October 09, 2023, 10:38:12 AM

We saw Bitcoin price was stable at 30k USD few weeks back and then there is a dip triggered due to some news. Bitcoin in that DIP went down from 30k to 25k and that's the time where your nerves as a HODLER are tested. Its easy to say to HODL but not many can see there investment going down. That DIP is now over and Bitcoin price is moving up towards 30k again. If you have bought Bitcoin when it was down then surely you are getting some profit at the moment. Accumulating more when Bitcoin is down is more beneficial then when its up.

For sure, it seems that the dip from $30k to $25k is over.. but not easy to say with certainty.. since we are currently in the middle of the range.. so no one can really say for sure that the dip is over.. and that $25k support might not be broken to the downside.

It is hard to bet either way, even though sometimes people act as if they know, and then they tell you "I told you so," after the fact... but I doubt that they really know with any level of confidence that maybe at best might get into the 60% to 70% arena before all the events end up playing out.

Sure, from time to time, there are some price set ups that make it seem more likely of one price direction or another in the short-term, but I doubt that we are currently in one of those kinds of a set up.

Right, I quite agree with your assumption, and honestly I would also say the same thing, which seems to be true that the price decline to the $25k area is over, I also won't say that this is certain but it is still speculation and I say it according to the predictions that I know, the last time I saw the price of $25k was at the beginning of September yesterday when the price was in a sideways phase and was looking for indications for the next price formation. One resistance in the previous time has been successfully broken and if we look at the formation of new support afterwards it is much higher than the previous support, and I see the latest support in the short term is in the area or price of $ 26,200.
So in my view just looking at the formation of this trend confirmation is enough to conclude that bullish has begun to dominate and of course that means for the short term or even the next few months the price will not return to touch the price of $ 25k.

It's true like there are some people who say they like to know everything when in fact it is very difficult to fully predict, and maybe even if it can be only a few percent accurate. Honestly in this matter I would not really advise people to follow my way, because obviously everyone's perspective must be different in terms of analysis, and well maybe I'll just try it myself because indirectly it's like testing my own abilities to what extent. And well the point is there will always be a reason why prices can move, or I mean the reason why prices can lead there, and I'm always learning to improve my knowledge in order to find out that reason.

One of the greatest things about attempting to structure your bitcoin accumulation strategy and even your bitcoin maintenance strategy to try to be as neutral as you can in regards to BTC price moves, is that you don't necessarily need to satify much if any curiosities in regards to which way BTC prices end up going. Frequently there are going to be explanations that are easier to see after the fact, but sometimes even the explanations might merely serve as partially convincing perspectives because it would not be easy to describe all of the factors affecting BTC price dynamics which seems to be part of the reason that many traders are ONLY trying to be a few percentages better than 50/50 in order to make money.

Quote from: wallet4bitcoin on October 09, 2023, 04:13:36 PM

Quote from: JayJuanGee on October 09, 2023, 01:26:40 PM

[edited out]

Conclusively, it will be wise to just have an open mindset about the direction of the market and buying shouldn't be with a fixed expected speculative outcome, buying should be achieved through DCA so it doesn't seem like you got in at the 'idiot' point.

I doubt that any of us should care if others happen to be calling us idiots, and maybe even our portfolios might not be in profits for several years.. .which sometimes happens when you start your bitcoin investment journey at the top or before the top and have the top as part of the area in which you continued to buy BTC... which would include why folks who have been DCA'ing in BTC for right around 3 years, will be barely at break even point right now.

Look at the DCA'er who started three years ago with $100 per week? Barely breaking even with ONLY 0.5751 BTC accumulated for a total of $15,700.

So some folks will label those folks as idiots.. because someone coming fresh to bitcoin right now could buy the same quantity of BTC as they bought by DCA buying the last three years. So sure someone could come with $15,700 and buy the same quantity of BTC, but I doubt that it is very realistic to consider someone who is going to be able to lump sum into bitcoin with $15,700 at these prices, even assuming that someone of a similar financial status would have had been able to somehow save up $15,700 in the last 3 years and to have had been able to wait until now to make their lump sum BTC purchase.

Personally, it seems to me that the person who is lump summing into bitcoin is the one who is both more vulnerable towards being sensitive to being called an idiot and then ending up acting with various rash behaviors because of his/her having had lump sum bought into BTC rather than DCA'ing.

Quote from: Roseline492 on October 09, 2023, 05:39:09 PM

Quote from: MCUKing on October 09, 2023, 04:26:56 PM

Ahh.. do you really think I haven't gone through this thread I think I have almost read the maximum number of pages, all of the newbies and other members are only discussing the DCA, and I don't think so just DCA is sufficient enough, practically DCA can be an all-rounder but in the market, DAC is not a dead end hope you've got it..

So long as Bitcoin market is concern DCA strategy remains the ultimate strategy for accumulation of Bitcoin because it works not only for beginners but also on more experience people by building their mindset and also expanding their course of knowledge to see the risk involves on accumulation without a good strategy and providing solutions on how to navigate the accumulation process with a risk free and slowly investing with the only amount they can afford.

There are several participants of this thread who are repeating the idea of risk free and guaranteed, and bitcoin is neither risk free or guaranteed, even if you employ DCA or any other method of accumulating it.

Surely, DCA allows someone to get into BTC in such a way that s/he tailors his/her various buy amounts based on his/her discretionary income.. so in that regard, there can be a kind of assurance that such bitcoin accumulator/hodler is not going to overdo it so long as s/he is attempting to make sure that discretionary income is being used and accounting for various monthly expenses and even including an emergency fund in there.. so not to overly invest to such an extent that s/he is not making sure that financial (and therefore psychological) matters are covered.

So the part about a kind of guarantee might be that the bitcoiner who does not gamble and does not use leverage, is assured that the most that s/he could lose is 100% of his/her investment, but what makes bitcoin such a great asymmetric bet to the upside is that fact that there still are possibilities that s/he could make 2x, 5x, 25x, 100x, 1,000x or even higher amounts depending on timeline, so it is not guaranteed to make money or to lose money, but if you do lose money, then you would be guaranteed only to lose 100% while having pretty decent chances of making great returns over time that also are not guaranteed... but still part of the mix of things that reasonably could happen... because of various aspects of bitcoin's sound money and paradigm shifting ways of innovating decentralization and proof of work that supports an autonomous money that empowers individuals.. and even governments and institutions once the figure out ways to include bitcoins into their investment portfolios.