Quote from: cryptoWODL on Today at 10:58:31 AM

Quote from: Roseline492 on October 16, 2023, 03:31:06 PM

This is one of the reasons why is totally not advise able for investor to consider weather Bitcoin will continue dipping or moving uptrend before they could start accumulating, take a look at how many percentage Bitcoin price has moved within 24 hours, however most persons that missed the opportunity will be regretting to have bought earlier, so let's continue accumulating Bitcoin and smile tomorrow.

Source: https://www.tradingview.com/symbols/BTCUSD/

Bitcoin is one of the coins with the highest number of investors worldwide.But it is not possible for anyone to say when the price of Bitcoin will increase or decrease.But one of the reasons why those who bought Bitcoin yesterday will be smiling today is because the market has moved higher today.Take a look at the market today:

source

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Quote from: stadus on Today at 12:03:25 PM

Quote from: adultcrypto on Today at 11:34:15 AM

Quote from: stadus on Today at 08:26:51 AM

That's a good start when you aren't comfortable enough in life. I think $10 a week is very affordable. Consider it a long-term investment, maybe over 20 years if possible, as you never know how much it will grow during that time. We do spend on our personal wants, so I believe we can minimize expenses and redirect that money into investing in Bitcoin.

Starting with $10 per week does not mean you must remain at that level for 20 years. That is an anomaly as we all aspire to grow in finances. Besides, it is at the current price of Bitcoin, $10 per week will really require so much time to realize a life-changing portfolio as I do not see Bitcoin doing X1000 easily. Therefore, to start with $10 per week requires that plans should also be in place to increase the inflow so that it will become easier to get 1 BTC which I consider something reason to hold for the future.

Due to market inflation and various economic factors that might change in the long run, I guess it's good to have an interest in long-term investment. Some people quickly dismiss investing in Bitcoin because they want to own 1 BTC right away, but when they realize the price of Bitcoin is not cheap, they change their minds. So, this weekly commitment to investing in Bitcoin is better than doing nothing at all.

Many of us likely realize that bitcoin can be bought in quite small units, so even if so many normies are prone to a similar error in terms of thinking that either they need to get a whole bitcoin, or that it is not worth it to invest into bitcoin, that still does not mean that they are thinking in any kind of informed way that might not be resolved after inveting further into bitcoin.

Yes, I believe that I thought something similarly in terms of some of the impracticalities of buying smaller items with bitcoin, but after a bit of study (investigation) into bitcoin, many of us will come to realize how dumb we were (even if we might consider ourselves to be otherwise smart people) to be getting caught up on the unit bias trap.

Surely sometimes we do need to be talking about satoshis too.. but surely many people do have difficulties with these kinds of ideas of 8 digits to the right of the decimal place.. and the fact that fractions can have (and do have) value.. including a lot of value.... who would not like to receive a free gift of 0.00901043 BTC?

That does not look like a very big number, and if you don't realize that it has value of right around $256 (as I type this post), then yeah you may well end up refusing the gift, but that still should not mean that those of us who are more informed about the topic should not be pointing out their dumbness in that direction.

So it can be frustrating.. but a common error to fail to appreciate the value of 901,043 satoshis as being equivalent to $256... merely because it is expressed as what seems to be a relatively small fraction of a bitcoin.

Quote from: stadus on Today at 12:03:25 PM

Based on my calculations, if you stick with $20 a week, you would end up investing $20,857 in 20 years. However, the value you'll be holding at that time is likely to be higher than that. So, if you were to get a 10x return on your initial investment, that's $200,000, which I think is a good outcome compared to not having that money at all.

Yeah, but that is not the right way to look at the matter, especially since if you are investing $20 per week for 20 years, you are also buying at whatever the cost was.. so you may well have ended up getting 10x in returns, but it is not like you were able to buy all of those BTC at the lower of the prices, so maybe your early injections of $20 per week get around 100x or more and your latest investments ONLY are at break even prices and maybe you are even losing on some of the latest,

but if they all average out to be 10x, then you have to figure how much you put in and how much it is worth. which surely in bitcoin it should not be unrealistic to expect that it will go up and that your earliest of investments will have greater appreciation..

but at the same time the dollar is almost inevitably to go down in value too.. at the same time, when we make our hypotheticals we can build in assumptions about our calculations being based on dollar values of today, which likely would result in the amount of bitcoin value to go up higher than the previous calculated amount in order to have the same expected returns in terms of the 2023 dollar values.

Quote from: stadus on Today at 12:03:25 PM

The $20 was just a sample amount, though. You can always go higher, take on more risk, perhaps invest $100 per week or more. Since we can make our own calculations and predictions, our target should be something that we find fulfilling.

Frequently we should be attempting to make adjustments in order that we are trying to be as aggressive in our bitcoin investment as we are feeling that we are ready, willing and able to accomplish.. without going overboard and causing ourselves to get reckt. Some people earn more money as the years go on based on the depreciation of the dollar, but others make more money because their skills and promotions pay off, so they might start out working minimum wage, but then when they are 20 years or more into their career, they might be making several multiples higher than minimum wage or they might have even stepped up to making very high wages relative to minimum wage (20x to 100x higher than minimum wage), so there surely may be reasons that the person can increase his/her investment into bitcoin, especially if the person does not necessarily increase consumption proportionate to the increased wage so the increases in wage would end up resulting in more investments based on attempts to live a more modest lifestyle and way below his/her means.

There can be hopes that any investments that are made are able to appreciate more rapidly and higher than normal inflation and normal debasement of the currency, and frequently there are differences in the price rises of different kinds of goods, services and assets, so sometimes investment assets will go up a different rate from consumption goods..so then there can be dilemmas regarding where to put value and questions about whether certain goods are services can be deferred or lessened rather than consumed at earlier dates.

Quote from: MusaPk on Today at 06:12:03 PM

Quote from: JayJuanGee on Today at 01:36:52 AM

Quote from: MusaPk on October 16, 2023, 12:18:55 PM

If someone is investing 200$ per week then it will also be a good idea to reduce the money when price goes up and increase the investment funds when one think price is high. This is something one has to work around himself there is no standard guideline for that.

Just because you do that, it is not necessarily going to bring better results to be making those kind of adjustments to how much someone is buying.. but surely the longer that they buy bitcoin, the more that the are likely going to have more options because their bitcoin stash has gotten BIGGER, and they can be better informed and decide what they would like to do based on having more information, but even if their BTC stash is getting bigger and the BTC price is going up, it still might not necessarily be a good idea to reduce the amount invested into BTC. Let's say that a person is new to bitcoin, and they are trying to get to fuck you status in 10-20 years, and the sooner they get there the better, but they ONLY have around $200 per week that they can use to buy BTC. They might want to spend most of that with just regular buys, adn sure, if they want to save $50 on the side for buying on dips, then that might be o..k... but it may or may not end up working out as well as just using the whole $200 to buy bitcoin every week, and so after 1 year, they would have invested $10,400 into bitcoin, and so after 10 years they would have invested $100,400 into BTC.

My fuck you status chart shows that such person might need to have around 4 BTC by the end of 2033 in order to reach entry level fuck you status

So maybe if such hypothetical person had gotten up to 4 BTC, then they would be getting close to fuck you status in 10 years.. but we cannot be sure how many bitcoin they would have been able to get if their purchases of $200 per week were to be spread over 10 years...maybe they were ONLY able to accumulate 1-2 BTC with that kind of an investment approach.. which still might be o.k. to have 2 BTC by 2038, as shown in my chart.

If you check bitcoin DCA calculator then we can clearly see that it works best if accumulation period is set for 4 years or more. Its for past history of bitcoin but it gives us an idea about how DCA accumulation works over a period of time.
Good luck to you and to all to reach to there FU Status. We must keep the time period to reach FU Status within our prime age. Its better to have money while we are in our 30s or 40s so we can enjoy the return. Once we are in our 60s, we don't have much energy left to take advantage of that profit. Plan it in a way that we get to our destination or as close to it before we get too old.

Sure it is better to get to fuck you status in your 20s, 30s or 40s, than to get there in your 50s or 60s, yet at the same time, you cannot try to act like you know what is going to happen, so the best that you can do is to try to make all of the better of decisions, and don't end up fuckning up by trying to rush matters. There rare a lot of folks who never get to fuck you status, ever, so the mere fact of getting there late should not be a problem.

Also, if you only make it 1/4 or 1/2 to fuck you status, you swtill likely will be better off by doing the best that you can and making progress in that direction rather than considering yourself as a failure becuase you did not quite make it to fuck you status.

There are a lot of people in the world (even in affluent countries) who have very little to no savings/investments, and even the amounts of their investments and/or savings might not even amount to 1 or 2 years of their annual salary/cost of living... so fuck you status is usually in the 20x to 30x range of annual income/expenses and so people who reach such status are more likely exceptions rather than the rule.

Entry level fuck you status is just being able to quit your job and to be able to live off of your investments (and/or if you end up being able to receive benefits and/or pension payments), so frequently, if anyone plans to pull such lever at a lower age, even in their 40s, they have to keep in mind that they may well have to support themselves from their investments for quite a long time, so frequently, there are benefits to making sure that the calculations (and valuations) of the assets are based on sound assessments rather than just going based on the spot price of a volatile and fluctuating asset, and bitcoin fits into that highly volatile category.

Small changes in practices might have big rippling affects 10, 20 or 30 years down the road, and we might not even know the extent to which we made good decisions/choices or bad ones until our investment plays out for many years and/or when we either get close to fuck you status or we get into fuck you status (hopefully based on sufficiently accurate calculations).

Quote from: MusaPk on Today at 06:12:03 PM

Quote from: JayJuanGee on Today at 01:36:52 AM

Quote from: MusaPk on October 16, 2023, 12:18:55 PM

Those who are new to Bitcoin have to spend some time initially to understand what it is and how it works. Those who spend some time early in there journey wont find it hard for the future. You might be an expert Bitcoiner now but initially you also have spend time in knowing this system. Even one need time to understand how DCA works in case of Bitcoin although there is lot of literature available that can tell how effective DCA is.
There is no shortcut to success, one has to put his time and effort to get success. You cant get success in crypto or other trading market only by listening to podcast or by reading tutorials. To get success one has to think from his own mind that what works best for him.
The more you sweat, the more you shine

I agree with most of what you are saying here, and surely there is value to interactive kinds of learning that involve ongoing actions rather than just reading about the theory and not doing anything... so year, there may be some needs to put some plans into action, whether that is $10 per week or some higher amount that might depend on personal circumstances, and maybe even a smaller amount in the beginning while learning and gaining confidence.

It's best thing that if you are new to crypto trading market then you start with small amount rather putting all you have.

I agree with the idea if you are talking about bitcoin. Otherwise fuck crypto... these ideas do not apply so well to crypto.

Quote from: MusaPk on Today at 06:12:03 PM

There are practising stuff like paper trading that let's you do trading without investing any money.

I think that those are dumb. I don't like that practice bullshit, unless you happen to be a kid who does not have any money.

I also don't like the idea of trading.. so fuck trading... we are not talking about that here.

I think that it is better to establish some kind of a small amount to build up.. so if there is some kind of practice that is put into place it is done with real money and maybe small amounts.

Anyhow i this thread we are talking about BTC accumulatingn methods to it could take a long time to accumulate, so it is hard to really practice with that in terms of no value rather than putting some kind of amount into play.. $100 per week, $10 per week, or if you cannot afford that much then $10 per month.. and then when you get your shit together then maybe later you might be able to afford more than $10 per month and work your way up to $100 per week or larger amounts.

Quote from: MusaPk on Today at 06:12:03 PM

They are good for anyone new to trading but they can't give you actual essence of real trading. Just like you learn swimming when you actually jump in water likewise you get real trading experience when you start trading with your money. So there are many things one has to keep in mind while he start his crypto trading journey.

Fuck crypto and fuck trading... especially talking about those ideas in this thread.

Let's talk about bitcoin and various methods to accumulate it without necessarily resorting to selling, and if you believe that you need to sell in order to acquire more bitcoin, then you probably need to go talk about those kinds of nonsense (gambling) ideas in some other place.