Quote from: ginsan on October 19, 2023, 09:43:16 PM

Quote from: JayJuanGee on October 19, 2023, 06:34:44 PM

I am not in the same phase of my investment journey as the overwhelming majority of the population, including members participating in this thread. An overwhelming number of the world including members of this thread is either in accumulation phase or pre-accumulation phase. Even though I accumulate from time to time, I mostly went through my BTC accumulation in 2014, 2015 and 2016, and sure sometimes it can be difficult for any of us to know where we are at in our bitcoin journey, but I doubt that it is going to be very helpful to attempt to do what I am doing when it does not really apply to what you likely should be doing. which is accumulating bitcoin and tailoring your bitcoin accumualtion to your own circmstances.

I agree with your opinion that long-term investment requires patience and a level of foresight for those in accumulating Bitcoin. like the current situation where we have to adjust a larger budget to be able to collect 1 Bitcoin and that is of course very different from the history of those of your who bought it in 2014, 2015 and 2016 because at that time the price of Bitcoin was quite cheap and lucky for those who bought in large quantities big at that time.

Even so, we still stick to our respective positions because if we want to have some BTC in our portfolio, maybe we have to be diligent in buying every dip that occurs. DCA is one of the best strategies for long-term investment and can be applied in various situations. I mean if we miss one or two stages, we can cover the gap by buying aggressively in the next stage.

Another thing that I would like to suggest, just to supplement my earlier point, is that I was not a brand new investor when I came to bitcoin since when I got into bitcoin, I already had more than 20 years investing and building my investment portfolio, so likely the ONLY reason that I could pretty much establish my BTC position in a few years is because I already had a pretty well established and diversified investment portfolio.

And, it can still be confusing regarding what to do or whether and/or how to tweak one's approach, even when a person has already build up his/her overall investment portfolio to add something as volatile as bitcoin into the mix... so any person needs to attempt to best account for where s/he is at in his/her investment journey and then presumptively if we are in this thread, we are building the bitcoin portion of our investment portfolio, and sure some people do not have other assets when the come to bitcoin, so their approach may well be a bit different from someone who has other assets, yet there may well still be some similar principles including trying to determine how aggressively to accumulate bitcoin without putting one's self into a position that s/he is at a lot of risk of getting reckt, because then that is no longer investing, but instead gambling.

Quote from: Riginac111 on October 19, 2023, 11:25:55 PM

Quote from: Obim34 on October 19, 2023, 06:11:47 PM

Rightfully said, buying the DIP and holding is another effective strategy most persons apply to accumulate there Bitcoin. But no skills can be 100 percent accurate in predicting the price, so why not buy at specific intervals at that price instead of just hoping on the dip alone

Most of the investors both new and old always targets buying DIP and most in bitcoin and hold to make profit when they arises to sell, and what is the target of someone who buy dip is to sell when their is a bullrun and this has being the method of people right from time, but recently some people don't think of such strategies of buying DIP and hold for long-term, what they are interested is making profits whereas they have no applications to make a profit during their investment.

The thing is that buying when the price is low and sell when the price is high has being possible tactics for most of the investors why their is every possibility that you can buy in dip and expect it to increase and it happens to be going more DIP, so let us not only hope for one strategies of accumulating our bitcoin, let us device other means of accumulating our bitcoins because sometimes predictions do fail and we don't have anyone to be blame when it happens.

We are not talking about those short-term strategies of buying low and selling high here, even though surely if you accumulate BTC for long enough, you likely will end up getting into a position in which you have options to sell some or all of your bitcoin, and if bitcoin is a life journey then there would be no need to completely sell your bitcoin, until maybe when you believe that you are at end of life and you don't really have much if any inheritance plan.

Quote from: MCUKing on Today at 02:07:21 AM

Quote from: JayJuanGee on October 19, 2023, 09:32:06 PM

You had me all the way, until I got to your last sentence.... and selling is not a necessary basic technique.. especially for beginners and maybe even folks who have been in bitcoin for less than 2 full cycles.

Hmm, there's a point that is mostly overlooked by the newbies / beginners while accumulating Bitcoins, after doing basic research when they prepare their DCA plan and start accumulating after spending a portion of time in the market they realize the profit booking and re-entering (Buying) the market on a particular price range, most likely they can get trapped by the market whales and such action leads in capitulation, I had suffered it on my initial time.

Even if you reframed it as "profit booking" we are still not talking about that here in this thread. If you have a long term plan of buying BTC, then it likely is not going to matter if you continuously bought even at tops, because maybe some of the shorter term folks might have 4-10 years, but some of the longer term folks might have 15, 20, 30 or 40 years in which they are either accumulating and/or maybe getting int maintenance stage that either leads to liquidation or maybe when in maintenance stage for a while, then shaving off bitcoin here and there becomes one of the options and the person is not getting distracted by dollar nonsense of "booking profits" because all of his coins are profitable..

and yeah some of the BTC are more profitable than others, but why would it matter if s/he is shaving off 0.000001 BTC at a time when BTC prices might be in the 7 to 8 digit territory and most of his coins were gotten in the 4 digits and the lower 5 digits territory....and so maybe even some might end up getting sold in 6 digits rather than 7 or 8 digits, but still when we are looking at potential for magnitudes of BTC price moves within the timelines of some of the current BTC accumulators, why would s/he want to screw up his/her whole BTC accumulation by fucking around with taking profits in dollars when the whole weight of value may well end up hinging upon accumulating BTC and not running out of them too soon.