Quote from: MusaPk on Today at 05:05:25 AM

Quote from: ginsan on November 10, 2023, 09:19:37 PM

Sometimes $100 a week is too heavy for the regular person and even more so if they live in a country that has lower wages compared to other countries. Moreover, for those who are young and don't have a permanent job, of course they might not be too focused on investing $100 every week in Bitcoin. But time is not a problem in long-term investing because time passes so quickly and the $10 or $20 they invest regularly will not feel they can reach 1 BTC someday.

I think in long term investments we don't have to check price to stabilize our purchases, I mean the price today will be different in the next day. So buying regularly and not caring about the price will give you the perception of accumulating Bitcoin regardless of the current Bitcoin price. We only focus on 0.1 0.2 and so on until we reach 1 BTC in our last stage. 10 years or 20 years is quite a long time if you imagine it, but if we take it easy in investing, of course time will pass very quickly.

Make investment a habit rather then waiting for right time and huge money. Even if you have 10$ spare then start investing with it. Of course we can increase it with time, as with time our earnings are suppose to increased. If you can invest 100$ per week then it's ideal but if you can't invest 100$ per week then invest as much as you have in bitcoin.
There are people who invested small money in Bitcoin and finds that it has increased enormously over a period of time,Man buys $27 of bitcoin, forgets about them, finds they’re now worth $886k.
There is clear evidence available that price of bitcoin goes up with time. So invest for long term if you want a good return on your investment.

And, of course, the $27 worth of bitcoin from that 2015 article have gone up even more, and it may well be difficult for someone to figure out how to plan their bitcoin management when they had not even paid attention to the value of what they were holding for several years, and so now the same amount of bitcoin 5,000 bitcoin would be worth right around $185 million. But yeah, did he sell all of his bitcoin in 2013 after discovering their value, or did he sell various bitcoin along the way, because even if he hung onto 1/10th of the bitcoin, he would be in a pretty good place right now with 500 bitcoin that would be worth $18.5 million.. but people who forget about their bitcoin have to somehow put themselves into a right kind of mindset that might involve some profit taking but perhaps management of the holdings through HODLing rather than selling too much too soon.

Quote from: jrrsparkles on Today at 08:08:58 AM

Quote from: Out of mind on Today at 03:32:32 AM

you must first eliminate the idea of buying when the market goes down.

This isn't contradicting the idea of this thread and the basic principle of being successful as an investor.

Or did I get your point in the wrong way?

Just because a thread like this suggest that buying on the dip is a best practice or amongst the best of practices does not necessarily make it so. Buying on the dip and HODL are a couple of strategies that might well supplement DCA and buying on dips... You likely are going to end up underinvesting if you don't play your buying on dip practices correctly, and sometimes it is better to just buy than to wait around for a dip that may or may not end up happening... and yeah, maybe the devil is in the details regarding how much of a dip is enough to buy BTC... I surely doubt that it is very easy to really establish any kind of meaning formula or practice in regards to buying on dips, but you can establish meaningful DCA strategies and even lump sum strategies can also be put into formulas... since they are measuring based on how much money you have rather than trying to figure out how much of a dip is enough of a dip in order to buy and then how much to buy?

Quote from: jrrsparkles on Today at 08:08:58 AM

Bitcoin may go down in the coming days which I agree with but as per my analysis we are still 1/4th range of its next ATH and we can expect the next ATH in a year so this is the best time if people want to buy Bitcoin waiting for the further correction maybe tricky in my opinion.

I agree with you mostly on this, except the part where you believe that you know when the next ATH is goin gto be coming... Sure it might come, and sure it might not.. how would you know? ATH could end up coming in a week or two or maybe a month or two... and yeah, definitionally, those would fit within your description of within a year.. but still. Anyone claiming that their analysis has some kind of high level of probability seems a bit problematic, even though a lot of people do consider previous ATHs getting broken in less than a year from the time of the halvening.. and maybe even around 6 months after the halvening, so even though those kinds of price movements cannot be assured, we likely understand and appreciate that the cutting of the new bitcoin supply (issuance) in half ends up contributing to extra UPpity price pressures on dee cornz.

Quote from: summonerrk on Today at 02:41:49 PM

Quote from: Makus on Today at 10:47:55 AM

Quote from: Dunamisx on Today at 10:13:36 AM

Quote from: Litzki1990 on Today at 08:59:26 AM

Not only can the price of Bitcoin go down in the future, but the price of Bitcoin can go up a lot in the future. But no one has control over the market so you can't say with certainty that the price of Bitcoin will decrease in the future.

There's this thing i know, that after the next year bitcoin halving, we are not going to have anything below $68,000 after which the new all time high has been achieved, which also includes that bitcoin is ever increasing in value and always demanding being a currency, the reason why it's volatile is to have both the rise and fall while it continues to increase in value over time, while it price keep pumping and dumping.

Mr Dunamisx, if I may ask how sure are you that the price of bitcoin will get to that amount next year after the halving? Some times people give predictions and forget that there are other factors that could lead to the depreciation of value of Bitcoin. Since I am not sure of what the price would be in the future, I prefer to carry on my normal activities and keep the expectations that any might happen, so I'll not be handicapped should in case the market goes bearish or sideways during that period. Though we know for sure that the value will continue appreciate in price due to history and some factors, but we should not forget that there are factors that could make the market bearish, most especially now that the news of cex being hacked is flying every where.

At any given time, both positive and negative news for Bitcoin can occur, which will lead to either growth or decline - we cannot predict them in any way, and no one can. Therefore, when predicting prices, it is generally accepted that nothing will happen. Based on this, you should always understand at what price you are willing to sell your bitcoins (i mean part of it ofc, because you can never sell all the Bitcoins, of course you need a little, but keep it for yourself), I don’t mean necessarily withdraw them into fiat, but simply fix them in stable coins. Because HODL doesn't make any sense if you keep Bitcoin and never sell it. In this case, it is simply watching the price while missing out on all the benefits.

You seem to be talking about trading, or maybe even some form of attempting to balance out some of the volatility. Whether you put your value into the dollar (or some other fiat) or into a stable coin, you are pretty much doing the same thing as putting it into the dollar, so that is almost a meaningless assertion to suggest that putting your value into stable coins is anything other than mostly trading into fiat. As far as otherwise attempting to manage the volatility of bitcoin, I don't necessarily have any problems with that, except I feel a bit badly to talk about it since that really is not the topic of this thread except to the extent to which we might start to get into ideas about how to accumulate BTC in the various ways, and if there is some kind of an emphasis in terms of buying more BTC during dips there starts to become some justification of doing the opposite on the way up, and sure it can be possible to either cut back on DCA and/or to stop buying on the way up in order to better be prepared to buy dips, but then at the same time, there could be some self-authorization to sell small amounts of BTC on the way up in order to use the proceeds to buy back on the way down, but then people in those situations might well start to consider that they are just spinning their wheels, especially if they are in fairly early BTC accumulation stages. It is not an easy balance to make or to resolve, but it does start to seem to be too complicated and even getting fairly far afield from the topic of this thread.