Quote from: Stepstowealth on Today at 09:59:52 PM

Quote from: JayJuanGee on Today at 08:37:16 PM

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 thread.

Without resorting to selling, the best way to get bitcoins is also by increasing what you earn so you can have enough to increase the amount you use for DCA.

Of course discretionary spending is a product of how much cashflow that you have coming in minus your expenses. So you can increase your cashflow or decrease your expenses or both.

Quote from: Stepstowealth on Today at 09:59:52 PM

Someone can get comfortable because they buy small amount of bitcoins consistently. An investor in bitcoins who DCA's $10 every month should not get comfortable because they DCA that amount, there is need to try to focus and search for more ways to increase that amount and not continue with that amount the coming year.

I agree with you that once someone has identified how great of an investment is bitcoin, then the BTC accumulator might well need to figure out ways to become more passionate about ways in which they can increase their discretionary income and therefore that the amount that they are able to spend on bitcoin every week, month or whatever happens to be their investment period. And, like you said, sometimes they might be a bit too whimpy in terms of their considering that they are doing enough..

However, at the same time, one of the benefits of DCA and even a modest DCA approach, it can still end up adding up to a lot invested, even for someone who is not very convicted and/or convinced about the value of bitcoin and/or bitcoins asymmetric upside bet..

We cannot expect everyone to become passionate about bitcoin investing.. especially newbies and people who don't really feel too inclined to study and/or to research.

Quote from: Stepstowealth on Today at 09:59:52 PM

Joy should not just come from buying bitcoins regularly, joy should also come when you consider the amount you use in DCA and what you expect to get from your commitment.

When I first got into bitcoin, I was actually buying every week with my set budget and also trying to find dips within the week in order to maximize my BTC buys for each of the weeks within my set budget for each of the weeks, but most people are not that passionate, and they might well be better off by not being passionate, and just exercising "set it and forget it" so after a year or two, they look at their investment rather than watching it every week like I had been doing and maybe many of the active forum members are willing to do... but normies do not necessarily want to be very active in terms of their BTC investment and that is one of the reasons why DCA can be so powerful for normies who do not want to study or watch their investment with any kind of particularity.

Quote from: Hewlet on Today at 10:25:06 PM

Quote from: JayJuanGee on Today at 09:37:00 PM

[edited out]

Quite an interesting story and experience you shared here with us I must thank you because i learnt something significant here that I know will help and change the way I go about my investment plan. I understand that It's not only about doing an investment just because you want to, it's about accumulating always even if the price is somewhat different form your speculated price as long as you can afford the gradually purchasing it is good. If you hadn't buy back your Bitcoin then in 2016 before the price skyrocket what would have been the faith of your Bitcoin portfolio now. Hoping for the next halving I am thinking to still accumulating after the halving. Hope it isn't a bad idea?

It seems to me that ongoing and persistent buying does help to create more conviction in bitcoin as an investment, even if sometimes the price that any of us might end up paying might not be as low as we wished that it would have had been, but even if we make a bunch of mistakes and consistently buy without selling and sometimes buy at the top and run out of money and we keep going down that ongoing buying path, there are pretty good chances (in bitcoin) that our persistency and consistency will end up paying off...

In other words, from time to time we will analyze our position and our assets and we might even start to determine that we can change our strategy because we have accumulated enough BTC... whether that happens in 1-2 years or maybe it takes 15 years to 20 years, this will vary from person to person regarding how long it might take for the person to start to consider that s/he has enough and s/he can transition from accumulation stage to maintenance stage. and sure maybe the transition will not be 100% clear because even if someone is in maintenance stage they still might accumulate BTC from time to time, but not be so concerned about accumulation because overall such person has determined that s/he has gotten enough bitcoin.