Quote from: Litzki1990 on Today at 04:57:17 AM

Quote from: ginsan on November 09, 2023, 09:03:58 PM

Quote from: Litzki1990 on November 09, 2023, 05:02:58 PM

It is natural that not all investors will hold their investments up front but it is also true that not all investors will sell their investments up front. The market is in a good condition now and in such a condition some investors will sell their investments because they have noticed bad market conditions in the past and they may not be brave enough to hold on to their investments. You can be sure that those who are not brave enough to hold on to their investments now and those who sell their investments now will regret selling their investments at some point. I have a lot of faith in the Bitcoin market and that faith gives me so much courage.

To be honest, if the Bitcoin market goes down a lot now, I won't think for a second why I didn't sell my investment because I'm used to it. Since I have developed a confidence in holding my investment deeply and since I am not very excited about market changes, I am sure and confident in myself that I can hold 100% of the investment even in the current market conditions.

The Bitcoin market moved around $38K today but from there the market has rebounded to around $36.5K. The market has changed so much in such a short period of time that many may have started thinking that they should have sold their investments at that time. People with such ideas will be more worry free when selling their investments. I think people who overthink their investments should sell their investments because overthinking is harmful to one's health. I will sell my investments at market highs and wait as long as I have to.

I think you are comparing two performances carried out by investors where they exercise options for the short term and for the long term and make repurchases when they make the decision to sell some of their holdings. This is of course a part of investment that may be implemented by large investors where they play scenarios at two levels for the short term and the long term. But for beginners like us, of course, with relatively small capital, it is better for us to choose the long-term option and accumulate Bitcoin gradually.

I think we need to maintain a balance in our investments, I mean if we have the intention to buy regularly then make a special note for each purchasing period so that we don't miss it. Because balance in making purchases will make the planning we do run successfully until the target we want is achieved.

I don't believe that you need to have a lot of money to keep your investment for a long time. I believe that financial support is not a big thing, but the big thing is the mentality of keeping your investment for a long time. If there was a certain amount of money mentioned in terms of making your own investment and keeping that investment for a long time, then I would have given importance to having more financial support, but since there is no fixed level in the case of investment, any investor can keep his investment for a long time.

You have made a right point here that an easy thing for investors like us is to gradually increase the investment amount as per our financial condition after starting investment, I think it is a very good idea. If we can increase our investment amount every week or every month and continue this growth trend then in the long run our investment amount will be seen much higher.

I see two positive aspects in holding investments in long-term plans every week or every month, one is that an investor continues his investment trend and also an investor can control spending his extra money every week or every month.

I think from my side I can say if man has intention he can definitely invest and he can definitely keep his investment for long time. Deeply holding your investments requires only a mindset of holding. One who has the mindset to hold his investment for a long time will surely hold his investment deeply.

You are correct Litzki1990 in pointing out how so many members seem to get caught up in wrong ideas about the various ways that rich people are advantaged over poor people, and sure, rich people likely have more disposable income, but it surely does not mean that the rich people are going to end up taking advantage of opportunities to invest into bitcoin, and it could well end up happening that many poor people are able to surpass the advantages of rich people merely because they both know about bitcoin and they consistently invest into bitcoin.

With bitcoin knowledge and action have the potential to contribute towards the advancement of many poor people, and surely any poor people can figure out ways to make sure that they have disposable income by either increasing their income and/or cutting their expenses, then surely the first 4-10 years might be somewhat painful because they might start out by only being able to invest $10 per week, but maybe they figure out ways to increase that investment amount to $100 per week or perhaps more.. and even if they are not able to increase their ongoing investment amount by very much, if they figure out ways to be persistent, consistent and prudent with their bitcoin approach, they may well start to perceive concrete advantages that they have built from their actively involving themselves in bitcoin investing.. and of course, it is not guaranteed, and of course, they may well need to learn a variety of ways of protecting their bitcoin investment along the way, such as getting some kinds of private wallets and learning how to use them and how to protect their bitcoin.

The rich person could well be have greater opportunities because s/he has potential for greater disposable income, but the richer person still has to recognize bitcoin as a place to consistently put his/her value in order to be advantaged by it, and some times rich people are too blinded by their own situations to see the value of bitcoin or to see value outside of fiat systems... so the mere fact that they are richer does not necessarily automatically give them long term advantages if they fail/refuse to recognize bitcoin as a place to put value and to actually act responsibly in regards to that knowledge by consistently, persistently and prudently accumulating bitcoin.

Quote from: Obim34 on Today at 09:59:17 AM

Quote from: Ojima-ojo on November 09, 2023, 02:22:14 PM

But as a knowledgeable investor who may have had long-term experience in the market, it will be a wise DCA approach to accumulate more bitcoin only when the price is at the discounted level and to avoid DCA when the price is high because a high price should be best used for cashing out profits, and not to open any buy position.

The question is how do you know when the price is low? Ok... Maybe a certain price below the last ATH right? But any price below the last ATH is certainly experiencing a dip so any point in time is good for buying.
Still from what you said, talking about the discounted level when do you predict Bitcoin will experience a dip for you to enter the market. I should believe doing the DCA is good and better because their is every conviction that you must make profits from every funds you invest in Bitcoin , ones your initiative is for the long term and buying very bountiful when you see the Dip.

It seems to me that sure it is better to buy the dip when possible, but if you don't have any bitcoin or ONLY a small amount of bitcoin, you may well end up buying BTC at times in which the BTC price is going up and there still are decisions whether to buy or to wait, because sometimes when the BTC price ends up going up it might not dip back to previous prices, even if it is in the process of making new ATHs. Is this time different? We cannot be sure. Here are some examples:

1) The early 2013 ATH of $263 did end up getting surpassed in around September 2013, and then when BTC prices dipped in 2014, did end up getting breached again in late 2014 and even stayed around and below it through quite a bit of 2015, but after October 2015, sub $300 BTC prices were never experienced again.

2) The late 2013 ATH of $1,163 did end up getting surpassed in around December 2016, and then did end up getting breached again in early 2016, but after March 2017 sub $3,000 BTC prices were never experienced again.

3) The late 2017 ATH of $19,666 did end up getting surpassed in around December 2020, and then did end up getting breached again in June 2022, and so far after January 2023, the $19,666 has not been materially breached even though it was very shortly touched upon in March 2023. It does seem pretty doubtful that $19,666 will be breached again, but surely not guaranteed.

4) We will have to see about our current ATH of $69k. Will have to see when (and if) it is surpassed and then if it is going to be breached again and if so for how long, yet at the same time, we should question any tactic that expects that the BTC price has to drop back below the previous ATH after the previous ATH ends up getting surpassed again.. Maybe my examples are contributing to a potential change in my considerations regarding how likely BTC prices might end up dipping back down to (or below) $69k once (and if) it gets surpassed. I surely don't like the idea of waiting because we cannot necessarily know where the BTC price is going to go, yet maybe at some point in the future, it might become more advisable and prudent to wait rather than buy - once the BTC price surpasses certain UPpity levels including when (and if) it starts making new ATHs.