Quote from: Winterfrost on Today at 12:13:14 AM

Quote from: Makus on October 27, 2023, 08:13:06 PM

Quote from: JayJuanGee on October 27, 2023, 05:50:30 PM

I know quite a few people in the real world who seem to respect my opinion and frequently want to talk to me about bitcoin and various other financial matters to get my opinion, so it seems that they respect my opinion and my judgement in a variety of financial, economic assessment matters,

I am not surprise to hear that other also find it useful and appreciate your advise/opinion because, i myself is a beneficiary of your posts, I tend to derive important advises from your post, especially the ones in this topic. I must confesx s I see you as a model and I'm pretty sure other sees you the same way, with my little say here in this forum I have come across some of your post which unintentionally give me idea in regards to my problems at that time of encounter.

Quote from: JayJuanGee on October 27, 2023, 03:38:06 PM

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

I have also observed the way member comment on this thread talking more about DCA, a newbie without enough knowledge about accumulating of bitcoin might think it's the only strategy used, I'm not against DCA but, even if it is the most practiced strategy that does not mean the rest aren't favourable. I prefer adding both DCA and buying the dip, since you introduced that strategy on one of your post I fell in love with that strategy. It might seem time consuming and it involves frequent price monitoring but it seem the best strategy I have practiced since I started holding.

In my opinion, the main reason why people deliberate more on the DCA discussion is because it is mostly practiced by new investors. Many old investors opt for lump sums. A lot of people cannot buy BTC and hold without accumulating some portion of it if the price dips because they feel unsatisfied with the amount of their holdings, or they are entirely into buying Bitcoin. You can call it an obsession or aggressive buying. Now, the safest method they feel for gradually accumulating these small portions of BTC is through DCA. So, I understand when people talk a lot about DCA because they have their way of applying it so that they can purchase BTC. Many individuals engaging in this thread's conversation are here for learning and seeking opinions that will help them manage their Bitcoin, as well as to see what others are doing to compare with their methods and determine what works best for them.

Technically, you are not wrong about DCA being more practiced by newer investors, yet you still seem to be implying that lump sum is better, and that new investors are stuck with an inferior choice.. which surely is not the case.

If you are someone who has accumulated capital, then surely you have more options regarding how to invest, so you can perform lump sum investing rather than DCA or even some various kinds of strategies that involve lump sum, buy on dip and DCA... but that still does not necessarily make the non-DCA strategies to be better, which partially might depend upon where the BTC price goes during the period following the starting of the investing - which some folks may or may not have better senses of where the BTC price might be going in the short-term, but even their being educated on the topic of following markets does not necessarily mean that they are going to choose the strategy that would have had ended up working better for their own personal circumstances... in other words, both experienced investors and newbies make mistakes, even though surely experience can help a lot of folks to learn not to make the same or similar mistakes, while at the same time, people will frequently admit that they have tendencies to make similar kinds of mistakes, and sometimes not knowing how to fix their tendencies to make similar kinds of mistakes, or even some times not willing to admit that they might have been better off following a different strategy, something like DCA rather than trying to buy on dips and lump sum buying and causing themselves more mental stress than needed and also sometimes ending up doing the wrong thing because of their own putting too much in at the wrong times.

It seems to me that there is some value in terms of having at least a certain part of your investing approach to be somewhat brainless in the sense that you are investing no matter what, and you are investing a certain portion of your budget that you might adjust periodically, and you are reassessing along the way, not in ways to maximize finding ups in downs in prices but just in terms of maybe trying to eek out a bit of an advantage, without necessarily getting hung upon if you might have been able to buy more BTC if you had waited or kicking yourself for not making a larger lump sum investment when the BTC price subsequently ended up going up faster and further than you thought that it would.. which might well be reflected in BTC's performance in the past month or so but especially within the past week.

Quote from: adultcrypto on Today at 02:57:27 AM

Quote from: Winterfrost on Today at 12:13:14 AM

In my opinion, the main reason why people deliberate more on the DCA discussion is because it is mostly practiced by new investors. Many old investors opt for lump sums. A lot of people cannot buy BTC and hold without accumulating some portion of it if the price dips because they feel unsatisfied with the amount of their holdings, or they are entirely into buying Bitcoin. You can call it an obsession or aggressive buying. Now, the safest method they feel for gradually accumulating these small portions of BTC is through DCA.

I don't know how you come by this conclusion but I think the opposite is the case; new investors rarely know anything about tge DCA method except maybe those who have the opportunity to know this forum. When you talk about FOMO that the DCA method addresses, it is common with new investors. They just want to buy as soon as they can as as much as they want. It is after a while of being into Bitcoin that they get to know certain approaches and models they would have applied that would have stood as better alternatives. On the other hand, those who have been in the business of buying Bitcoin for long already know the importance of buying Bitcoin using the DCA method so they apply it dutifully irrwspective of the price and are never in a hurry to sell.

What I feel you were trying to say is that the DCA method is more suitable for those with lower income as those who have large funds would prefer buying large quantities at their preferred price points. This is true to a large extent and seems to agree with recent purchases of popular whales.

You may have addressed this point better than me, adultcrypto - because it is most likely that DCA is better for the newest of the investors, but the newest of investors frequently tend to fail/refuse to follow DCA because either they do not know about it, or they have some kinds of false gambling ideas in their head when it comes to investing they think that they have to invest in bulk and then see profits after a short period of time in order to perceive that their choice to invest was successful, which those kinds of ideas (and then putting it into the practice of over-investing from the start) are generally going to contribute towards the newbie to become more emotional about their investment than they should be.

Quote from: Roseline492 on Today at 01:58:31 PM

Quote from: 348Judah on Today at 11:10:47 AM

There are market seasons whereby you will discover that using DCA may not be the best decision to make, this often happens when we are having a bear market and bitcoin has gone dip that it's only better to accumulate as many as possible,

Yeah actually @Jay tried to emphasize a bit on that scenario, so however as an investor that has a lot of funds or other physical investment that's generating you income on a consistent basis, it doesn't necessarily mean that you most use DCA strategy all the time but instead it could only serve you as a back up plan of accumulating strategy.

Personally, I would not consider DCA as a back up plan, except for those who have either already reached their accumulation target or feel that they are already over invested into BTC.

For the newbie DCA should probably be the first plan, no matter what is the price, because both we are not going to know where the price is going, even if it is seeming a bit top heavy and inclining downwardly, and also we are likely only going to see that another strategy might have worked better after the fact, but then if we do not DCA into bitcoin, then we may well end up losing a lot of our opportunities to buy BTC because we are too busy trying figure out dips rather than acting (in the realm of ongoing buying). There seem to be both financial and psychological advantages to getting a stake in BTC early and even continuing to buy BTC on the regular, even if the value of your actual BTC holdings might be in the red for several year before it starts to get into profits, and there are no guarantees that it will actually go into profits, but at the same time, if you study bitcoin, you should recognize and appreciate bitcoin as an ongoingly great asymmetric that has a lot of strong foundational properties, even though it is not guaranteed to succeed or to have some kind of a potential negative issue that is currently not very well known..

DCA likely ONLY becomes a back up strategy after you have already reached or exceed your targeted amounts, and likely those targeted amounts are likely going to be different for everyone, while at the same time, any of us who are accumulating BTC might need to be somewhat flexible in what we consider to be our targeted accumulation amount. and maybe as we continue to accumulate we revise our target and/or account for some factors that we might not have considered to be relevant when we started in our BTC accumulation journey.

Even if someone is a beginner BTC investor, my thoughts are to attempt to prepare for either BTC price direction, so even if DCA may well end up being the primary approach, there could be some lump sum buying and buying on dips included within the strategy, and surely frequently it is not easy for the beginner investor to be having funds held aside for these kinds of various contingencies, because it can sometimes take quite a few resources to engage in those kinds of preparations, which is another reason not to be fucking around with various shitcoins and diluting the amount of money that you have available to invest into the king of assets - especially when it comes to "digital monies" or the various kinds of non-bitcoin products that are trying to get you to divert some of your value into their largely nonsense.

Quote from: Roseline492 on Today at 01:58:31 PM

So if you are financially stable you could actually utilize the advantage if the Bitcoin price is dip by accumulating using the Lump sum strategy that enable you to take advantage and accumulating a huge amount of Bitcoin at a time.

You might not need to be wealthy to use lump sum, but you are correct that it can be difficult for some folks who are ONLY able to put away small amounts of value to also be able to lump sum. or even to put away some extra value to be able to have available for buying BTC on dips, if such dips were to come.

I suspect that the longer that any of us are in bitcoin, maybe even if we start out with ONLY being able to perform DCA, then maybe after 3-6 years, we might start to feel that we are able to buttress various other aspects of our BTC buying in order to have funds in reserves that are building up in order that we are able to either supplement our DCA with buying on dips (and lump sums in that context) or maybe even just focusing more on buying on dips and lump summing rather than DCAing... Many of us should be able to put ourselves into a better position (and with more flexibility) after 3-6 years buying bitcoin than we might have had been in the beginning of our BTC accumulation journey.. but surely some folk might take longer than 6 years and might even take 10-12 years or more before they start to feel that their finances are in such a place in which they are feeling that they are able to move away from DCA and to either supplement with buying on dips/lump summing or to completely stop with DCA and to mostly buy on dips and lump sum.. and then maybe even then when any of start to get out of such a Big ongoing focus on our BTC accumulation, then we start to see that we might be transitioning into more of a kind of BTC maintenance rather than being so focused on accumulating more BTC.

Quote from: Roseline492 on Today at 01:58:31 PM

So in this case you don't have to rely on DCA strategy because you can buy everything at once then if maybe later on the Bitcoin increases perhaps you can then come back to the normal DCA strategy.

I don't tend to like those kinds of "buying it all at once" strategies, but surely there are people who believe in those kinds of strategies, and so even pushing those kinds of strategies as being preferable to DCA is not really contrary to the topic of this thread.