Quote from: Litzki1990 on Today at 04:31:52 AM

Quote from: Publictalk792 on December 12, 2023, 10:08:15 AM

Quote from: JayJuanGee on December 12, 2023, 04:32:25 AM

Some people do not have any choice regarding lump sum. If they have $2,400 coming in per month, and they have between $50 and $100 per week that they are able to spend on Bitcoin, then maybe they are choosing to buy BTC every week, but surely if they save some extra on the side for buying on dips, maybe they don't have a lot that is set aside, so they still might not have much choice but to invest whatever extra cash flow that they are able to generate by increasing their income and/or by reducing their expenses, and maybe once in a while they might be able to get some extra cash coming in that they would have the ability to decide the extent to which lump sum and buying on dips might be preferable to just continuing with their ongoing practice of DCA.

I understand that some people don't have a choice when it come to investing a large amount of money at once. If someone has fix income and not have much extra money... they may not be able to save a lot for buy investments when the prices are low. In these cases they may have to keep investing a little bit of money regularly. But it is important to think about ways to make more money or spend less so they can save more for investing. It's about finding the right balance between regular investing and taking advantage of good opportunities in the market. And this is only Bitcoin where they can believe in.

I believe in investing in Bitcoin but I don't believe that an investor should invest a lot of money at the beginning of the investment. Suppose a person pooled his one year's income and invested in Bitcoin and I started investing with him. The difference between my investment with that person is that I invested the entire amount in bitcoins instead of saving money every month and also that person saved his money every month to invest more money in this case I would say I invested earlier than that person and my investment is more profitable. Having invested in Bitcoin before means that I have a better chance, since I can only afford to invest a certain amount of money every month, so why should I wait a long time to accumulate more money and then invest in Bitcoin?

You don't seem to be thinking sufficiently broadly about different kinds of people and different kinds of situations, and so sometimes when someone has an option to either front-load (and/or lump sum) into their investment, they may well be way better off than someone who scatters out their investment.. so it also depends upon where the BTC price is going from the point of the investment, and part of the point, is that we do not know which way the BTC price is going to go, so if someone already has a $100k investment portfolio (maybe it took him 10 years to establish such an investment portfolio), and he plans to get a 10% position in bitcoin over the next year or so (or even a 25% position in bitcoin over the next year and a half or two years), he may well be better off to front load some if not all of his value to get into his BTC position, depending partly on how he might choose to get into bitcoin quickly and if some of held assets might already be liquid. As a practical matter, there are a lot of folks who prefer not to sell assets when reallocating (or when adding a new asset to their portfolio), so there can be some dilemmas regarding how to get into a position quickly, and surely when BTC is in its current posture, there can be a lot of advantages to front loading rather than diddly daddling around and taking 1 or 2 years to establish your BTC position.

There is no straight forward rule, and DCA is not always the best when someone has other options... even while part of the problem (or the confusion) is that a lot of normies do not have options, so they need not even think about whether they should lump sum or front load their investment because they do not have that option in front of them, but even if they do not have that option to lump sum or to front load their investment into bitcoin, it still might be the best option that they happen to have available to them to DCA into bitcoin...and if they do not DCA and get started in their investment, they might just have regrets for many and many years if they know about bitcoin, but they fail/refuse to take actions to establish as good as a stake that they are able to establish based on their own financial and psychological circumstances.

Quote from: Litzki1990 on Today at 04:31:52 AM

If we delay our decision, we may change our decision. Maybe now I have enough interest to invest in Bitcoin and I don't have any financial need, I can invest in Bitcoin as easily now as I can in a year but I won't be able to invest in Bitcoin as easily. Maybe within this year I may face some financial problem due to which the money I am trying to save for investment will have to be spent on something else. If I can invest $200 every month then the price of bitcoin is changing every month and I can invest every time the price of bitcoin changes but the risk in my investment is reduced.

Of course, everything that you are saying in regards to difficulties to keep cash on the side is correct, and so if a person had invested aggressively into bitcoin, and had not maintained enough of an emergency fund, then surely there could be problems in regards to how to deal with such emergency, but of course, at the same time, as the money regularly goes into bitcoin, it may well be less of a temptation to tap into it because it is already channeled into an investment that you may well do not want to touch for quite a long time, perhaps 4-10 years or longer..

Quote from: Litzki1990 on Today at 04:31:52 AM

Suppose this month the price of bitcoin is 40 thousand dollars, this month I invested 200 dollars, the next month the price of bitcoin is 42000 dollars, then I invested 200 dollars, that is, the price of bitcoin is pumping and dumping at every stage, but my investment remains. On the other hand, if I invest all the money together, I don't get the opportunity to invest in every stage of Bitcoin price change.
I believe so much that if I can invest consistently then that investment is for me and I will definitely get something good out of that investment.

I agree with your overall point about it is likely better to be investing sooner rather than later rather than holding money back to be able to invest in dips that might not end up happening... so there surely can be variance regarding what anyone is going to want to do in terms of considering how many BTC he has accumulated and for how long has he been accumulating... so then a guy who might have been accumulating bitcoin for 6-7 years at $200 per month may still not feel that he has enough bitcoin in order to slow down in his BTC accumulation, but it still might be difficult to justify how much of a difference a continued $200 per month is making.. but at the same time, maybe he started out at $50 per month in 2017 but he has worked himself up to $200 per month, so he is increasing the amount that he is able to invest into bitcoin, and still not even yet to a point of having had invested a years salary into bitcoin.

Even if the guy has gotten to be more aggressive in his BTC investment over the years, and maybe he started out by investing 10% of his salary into bitcoin, but over the years he has gotten up to 20% of his salary being invested into bitcoin, so instead of taking 10 years to get to one year's salary invested into bitcoin, he has gotten to a point in which he has been able to get 1 years income into bitcoin in around 5 years, and maybe even the appreciation of BTC price has put him even further down the road of having several years of salary already saved up and in bitcoin. That is a good place to be, and it starts to become more and more difficult to figure out how much to continue to put into bitcoin. Does a guy continue to be aggressive with his bitcoin investment or maybe let off a bit and start to invest into other things, too? (I am not referring to investing into shitcoins, unless it is less than 10% of the size of the bitcoin holdings) I would not say that the answer is clear.

Quote from: Justbillywitt on Today at 07:25:33 AM

Quote from: JayJuanGee on Today at 02:01:02 AM

So largely we were in a bull market starting from the late 2018 bottom until the late 2021 top, but the bull market may not have been confirmed until around May or so 2019.. and then the bear market of 2022 was not really confirmed until about May of 2022. .and so then that bear market went until the end of 2022, and it was not confirmed that we were out of the bear market and back in a bull market until somewhere in mid-2023 - even though we may have had doubts with the September bottoming below $25k.. so mostly it is likely confirmed that we are in a bull market right now and we are not going to be sure how long it is going to last or what it might take to get us out of the bull market.. Do we even need to attempt to describe it? I doubt it, and surely the last 2 days does not tell us diddly squat about anything except maybe a bit of a rest of the uppity or maybe a correction that could go down to $35k or to $30k and maybe even lower.. but i doubt that we are going to be out of the current bull market, even if we might experience some sub $30k dips.. and i am not even saying that any dip is necessary beyond the current dip that we had down to $40,181 (so far).. there is no need for any further dip, but there is also no way of knowing (beyond guessing.. or drawing some silly squigglie lines that are likely similar to guesses) whether any further dip is going to happen or not..

There are speculations that we might get to $35k to $30k, but It is just a speculations which I don't really care much about. There will always be speculations in the market, which will make some paper hands sell off their Bitcoin they bought around the high of the current run that got to $45k.

It is still good to be prepared for a variety of scenarios that could end up playing out, even extreme scenarios... and surely one of the advantages of just buying a regular amount on a weekly or monthly basis, then you likely have that kind of a cashflow that you can just pull from it and keep buying no matter which direction the BTC price goes... but if you had already been buying BTC for several years, you may or may not want to follow a strict DCA approach, even if a strict DCA approach still might be the better of the approaches - apart from someone who might be way further along in their BTC accumulation journey, then they might be starting to think about matters differently... even though there are so many bullish things going on with bitcoin that makes it difficult to justify very many other approaches for anyone who even might have been accumulating BTC for more than 4 years.

Quote from: Justbillywitt on Today at 07:25:33 AM

But someone who has been around for so long will understand that this is a perfect time to acquire more.

The previous 16-17 months between about May 2022 and October 2023, were even more perfect to be accumulating BTC, but I would argue that anyone who had not come to bitcoin with an already decently large investment portfolio (in other words the person who had been DCAing into bitcoin since early to mid-2022 or even going back to 2020, that person still might not have had stacked close to enough BTC, even though they may well be in a decent position to have been accumulating BTC for anywhere between 18 months and 4 years..

Quote from: Justbillywitt on Today at 07:25:33 AM

Most newbies are most likely to empty their bags with the hope that when we get to $35k or $30k they will buy which I don't even see happening. But for me I will act according to the name of the group. Buy the dip and hodl!!

Selling to buy cheaper is a really bad practice, especially for newbies. Newbies should be almost exclusively be considering how to strategize and to plan their various ways to buy... but hey there are always going to be people who don't really know and they let gambling tendencies get in the way of sound accumulation practices that likely take many many years to really get to a point of getting rich (or well to do), and when there are attempts to get rich quicker, those kinds of efforts are frequently not as productive as ongoing, persistent and consistent accumulation strategies that might even involve figuring out ways to increase your discretionary income in ways that increase your cash coming in and/or decrease your expenses.

Quote from: Frankolala on Today at 04:20:43 PM

It is better to be a lower coiner, than a no coiner because you have less than $100 to invest. No amount is too small, it is better to get started early with small amount than waiting to start in a bigger way that you don't know when.

Personally, I would not define a person as a "low coiner" merely based on his being poor and his NOT being able to buy very much BTC because he has a low budget.

In other words, I personally consider a "low coiner" to be a whimpy investor. Someone who could easily be able to buy $500 per week in bitcoin, but only buys $10 per week.

I would not consider a person to be a low coiner ONLY because he is able to invest $10 per week if that is all that he is able to invest, and if he is being as aggressive as he can in his investment into bitcoin (without over doing it) then he is not a low coiner.. not from my personal perspective.

Let's say that the person who invests $10 per week for a year, and then has $520 in bitcoin, yeah that is a small amount of coin, but he is still not a low coiner, because he is doing as much as he is able to do... That person is as much of a genuine coiner as anyone else, even similar to someone who owns 100s and thousands of bitcoin... and maybe the person who has been buying bitcoin at $10 per week for a year might be struggling to get to 1,000,000 satoshis.. but he is still working his way within his capacity.. and hopefully taking care not to lose any of the satoshis that he has accumulated. One of the difficult things with anyone investing such a small amount into bitcoin does happen to do with the fees, so it may take a while to accumulate enough bitcoin in order for it to make sense to transfer the bitcoin to another location.. so there is frequently going to be concerns about ways to save fees.. and maybe sometimes having to store those coins with a third party until they reach a certain amount of value in which it makes sense to transfer them to a private wallet. Another problem with the person who is ONLY able to buy small amounts at a time is not wanting to have a bunch of BTC addresses with ONLY small amounts of bitcoin (like $10 in each address) because then it could become very expensive to combine the addresses... or even to spend from each address with a small amount of bitcoin in the future.