Quote from: Agbe on October 26, 2023, 11:29:25 PM

Quote from: JayJuanGee on October 26, 2023, 10:11:41 PM

Quote from: imthegreat on October 26, 2023, 09:25:24 PM

With all due respect, I would like to argue that DCA is the best solution in increasing the deposit. I understand that everyone has their own opinion about technical analysis, but I think it works. I mean only support and resistance levels (usually on beautiful numbers with zeros), as well as trends. These anaiza tools allow us to understand where it is better to sell or buy bitcoin. I'm not talking about 100 percent confidence in them, but the chance that the price will always behave predictably is more than 50 percent, which means using this knowledge can bring profit. That's exactly how I trade.

You sound lost.

We are not talking about selling or trading in this thread.

lolz! the nigga forget to read the Op and was only interested to jump in to the middle and deposit (say) what he thought is in the discussion in the thread. @imthegreat, I know you are a newbie but even at that next time read the Op to understand the content and also read some comments on the first page in the thread then you come to the last page to see if the Op, first page comments and the last page comments are in the line then you will know where to start from. As it is you are a merit hunter that don't know what to say, and where to comment. I believed ordinary understanding the topic, he would have made a good comment because the topic is self explanatory. Let me go to the main track. This days the price is appreciating and those who bought in the time of $25k will have one tooth open and smile, though we are still in the dip so if anyone is interested to buy and hodle, he or she should do now before the next bull. The best time is still now.

We can never really be sure about the level of pause that seems to be taking place right now and if any kind of a further dip might end up happening from here...

and sure of course, we are still ONLY about 20% above the 200-week moving average (which is currently at $28,346), so in spite of some of the recent upward run that we have experienced, I would hardly conclude our current prices as if they were "high prices".. especially when historically the BTC price has gotten pretty extremely above the 200-week moving average.. like 3x, 5x and even more than 10x above it at various times... You can see in the referenced (linked above) chart.

Quote from: Salahmu on Today at 12:08:13 AM

Quote from: imthegreat on October 26, 2023, 09:25:24 PM

Quote from: JayJuanGee on October 26, 2023, 05:24:58 PM

~~~

With all due respect, I would like to argue that DCA is the best solution in increasing the deposit. I understand that everyone has their own opinion about technical analysis, but I think it works. I mean only support and resistance levels (usually on beautiful numbers with zeros), as well as trends. These anaiza tools allow us to understand where it is better to sell or buy bitcoin. I'm not talking about 100 percent confidence in them, but the chance that the price will always behave predictably is more than 50 percent, which means using this knowledge can bring profit. That's exactly how I trade.

I don't really understand the point you are actually trying to make but however talking about technical analysis and other things you are mentioning actually has nothing to do with DCA strategy, perhaps it seems you don't really understand our discussion concerning DCA strategy and secondly our major aim here is to discuss about other strategies that could help us on our accumulation of Bitcoin with the aim of holding it for a long time.

Yeah, but this thread is not about DCA, even though that is what a lot of members seem to want to talk about.

It seems to me that sometimes technical analysis is part of any formula when you are trying to figure out the extent to which to buy on the dip. Personally, I was more bothered by imthegreat's discussion of trading and selling rather than the fact that he was trying to figure out if the BTC price might be going down. because surely many of us are still trying to figure out if there might be ways to get the best of both worlds, DCA and buying the dip... and maybe in several senses, DCA is trumping buy the dip, even though you are never really going to get away from people wanting to attempt to do both and even sometimes mixing up the DCA and buy the dip ideas.

Quote from: Salahmu on Today at 12:08:13 AM

Perhaps it seems you are emphasizing more on trading, however I would advise you go for holding and remove the mindset of trading in your budget because as a beginners who has no knowledge about trading should stay clear because you cannot withstand the outcome of it, so for you to have a rest of mind, you should go for holding by accumulating Bitcoin using DCA strategy.

Sure, besides being off-topic in this particular thread, trading does not really tend to be a good way to invest, even though it may or may not be a good way to make money. .but we are not talking about that in this thread.. so I would say it is not 100% conclusive that everyone should not trade, so it would depend upon what kinds of objectives that you have, and sure I like to call traders dummies in a very frequent manner, because an overwhelming majority of them are likely not going to beat pure DCA, and sure there might be 10% to 30% that are able to beat DCA.. but they are likely not going to beat it by enough to really make many significant differences.. and probably quite lower than 10% are actually able to make money higher than something like DCA and/or to potentially consistently make a living, even though some of those guys will end up getting reckt if they are not sufficiently and adequately employing decent risk management and prudent practices, which sometimes they might choose short-cuts and end up screwing themselves out of their gains... anyhow the specifics of trading (and selling) is surely deviating from the thrust of this topic, even though some people might not even be in BTC accumulation phases, so they might end up also deviating more from this topic depending on where they are at in their bitcoin journey (including how much they might be accumulating whether it is regularly or just trying to identify BTC price dips).