Quote from: Publictalk792 on Today at 04:32:59 AM

Quote from: JayJuanGee on December 21, 2023, 04:08:17 PM

edited out

You bring up a valid point. It's true that if someone bought at the top and didn't continue to buy more BTC, they would indeed have to wait for the price to surpass the ATH in order to see profits.
And I have read the example which you have given. I totally agree wthi you.
In conclusion if there is anyone, a trader (except those who leveraging) or an investor they need to hold.

Of course, the basic math would be that if you bought at a higher price, then the only way to make sure that you are in profits is to wait to sell at a higher price than you bought.

There surely are other ideas about how to manage investment (trading) portfolios, including cutting losses by selling even if the holding is at a loss, and then being able to either use that capital on some other investment, or to find a better (presumptively lower) entry point.

Some folks get anxious about tying their capital up until the amount becomes profitable, and surely I personally don't agree with following those kinds of trading approaches, absent some kind of exigent circumstances, and my own approach to bitcoin has always been to guard that I am not selling any BTC at prices lower than I bought them, and so there could be some calculation that any time that any of us make a BTC purchase, then we are willing to ride that purchase amount down to zero, if we are making such purchase under the premise that we are ONLY going to sell it once it becomes profitable, and so surely an averaging of your BTC purchase price could end up becoming a way to rationalize being able to sell at a profit based on a different way of accounting.

Quote from: Publictalk792 on Today at 04:32:59 AM

If there is a trader so he bought BTC on top so he will try average the BTC price. But still if he is in loss so he has to wait for weeks for months or even years to get profit when the value will go above his entry point.
In the end, each investor's strategy and goals may differ and it's important to consider multiple factors when assessing the profitability of BTC holdings.

Some times traders do not mind to take losses on certain parts of their investment/trading portfolio holdings in order that they can off-set gains that they made in other portions of their investment/trading portfolio holdings. Sometimes they purposefully choose to take losses to offset gains, and surely some of those kinds of accounting ideas, trading and gambling ideas are also deviating from the topic of this thread.. but sometimes we still may well acknowledge that some of the ideas that various longer term investors will propose will conflict with the ideas of shorter-term investors, and so sometimes we need to make sure that we are considering such comparisons, and not just proclaiming that there is ONLY one way to do things, even though many of us longer term investors likely engage in tactics that are way less complicating than what a trader might do, including when they are maybe employing various kinds of leverage or deploying other financial instruments in order to hedge their BTC long position.. and yes, those kinds of systems exist, even while in this thread, many of us probably recognize and appreciate that some of those tools might not even really be easily available to a lot of normie newbie investors, and the mere fact that you can even deploy such financial instruments does not even necessarily mean that you are going to have better results than the more basic ideas of ongoing, persistent and consistent BTC accumulation over a long period of time....and we have seen a lot of that better performance of the long term BTC accumulator/holder in bitcoin's history, even though a lot of those using financial instruments and trading will brag about various wins (or greater gains) that they are able to make from time to time, but they still likely do not end up outperforming basic accumulation and hodl strategies, especially if we look at longer periods of time, such as 4-10 years or longer.

Quote from: Popkon6 on Today at 04:36:59 AM

Additional transaction fees have been increasing ever since the price of Bitcoin increased. This transaction fee is currently the biggest hurdle especially for those who are holding Bitcoin with the DCA method of Bitcoin.

They incur additional transaction fees to hold bitcoins on a weekly or monthly DCA basis. I myself am under extra stress for Bitcoin transaction fees, because I have to continue investing in the DCA method at high cost. Yet I have not stopped holding bitcoins with the DCA method, continue and will continue to do so in the future no matter how high the transaction fees are.

I usually show you a picture of the Bitcoin Mempool.

What you say is not completely true, and it may well be a bit misleading. If you make a lot of small purchases and you process them onchain and hold them in small UTXOs, then the high fees are going to hurt you more because you are likely going to have a bunch of small UTXOs that might not even be spendable because they are so small, and maybe you spent hundreds or even thousands of dollars to accumulate a bunch of small UTXOs.

You can use a third party to make your regular BTC buys (as Patrol69 mentioned), and then ONLY transfer them to an onchain wallet (or address that you control) after they reach a certain amount of value that determined by you (as adultcrypto mentioned), and maybe that is after you accumulate $500 or $1k in value in a third party account, then you transfer that value to a private address... rather than transferring every $10 to $100.. which might not be very cost effective to be doing that.

You also are not suffering any expenses merely because you are HODLing bitcoin for a long time, but there may be some BTC HODLers who realize that they might have made mistakes if they have a bunch of small UTXOs that they had failed/refused to combine during times in which the transaction fees were much lower, and like you said transaction fees have been pretty high in the last couple of months, and really they have been higher during much of 2023 as compared with prior times.

You can see the back up of the mempool over the last year here: https://jochen-hoenicke.de/queue/#BTC,1y,weight You can also change the time period in order to look at further back history or to look more closely at shorter time-periods.

Quote from: Su-asa on Today at 11:07:21 AM

Quote from: adultcrypto on Today at 09:11:13 AM

[edited out]

You are absolutely right about the transaction fees, but I have a feeling that that is not a problem. There are many people that are applying the DCAing strategy, so anytime they want to accumulate Bitcoin, they can make use of the lighting network or accelerate the transaction so that it will be confirmed in just a matter of minutes (maybe 30 minutes).

There may be instances in which the lightning network might be helpful for both large transaction fees but lightning network surely has its own issues in regards to how much BTC can be held in such LN channels, and surely a lot of LN wallets are custodial rather than non-custodial, yet they could still serve as intermediary channels.

I am not sure how an accelerator resolves any kind of high fee problem, unless maybe you are referring to some of the free accelerators, which might not necessarily end up resolving issues of transactions getting stuck, and surely there are accelerators that charge extra, so that may well not end up resolving the issue of fees, even though it could help to resolve issues of transactions getting stuck.

Quote from: Su-asa on Today at 11:07:21 AM

However, I haven't used any of them, but with the kind of post and discussion at the technical board, I can tell that they are working perfectly. Although I am still planning to buy more coins next week with the help of the DCAing strategy, and if the transaction isn't confirmed quickly, then I will accelerate it.

Again, good luck using accelerators that may or may not lead you to success in getting your transaction to go through, but at least you can try it out and tell us if it is helping you in any kind of meaningful way.

Quote from: Su-asa on Today at 11:07:21 AM

Before I came across this post, https://bitcointalk.org/index.php?topic=5034315.0 I was thinking of buying the same amount of Ethereum, then when it's confirmed, I will reconvert it back to BTC just because of the transaction, but now, I will not have to do so, I will just buy the BTC from p2p and accelerate it.

I was not following that thread, but it does look like there might be instances in which stuck transactions could be accelerated, yet I am still not sure how that resolves the amount of the transaction fee issue, except maybe if someone had transacted with too small of a fee, and the transaction is not going through then to get the assistance of some accelerator service, and wouldn't you need to pay if you were using such service regularly? But, yeah if you are transacting once every few months and then once in a while those transactions get stuck, there could be some use in terms of getting them unstuck and not necessarily having to pay any extra fee (if the accelerator really is "free.")

Quote from: ginsan on Today at 10:43:59 PM

Quote from: MusaPk on Today at 06:25:34 PM

Quote from: JayJuanGee on December 21, 2023, 07:55:19 PM

"8 ) your abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time,"
https://bitcointalk.org/index.php?topic=5376945.msg58719590#msg58719590
I personally think that number 8 can deal with a lot of things in terms of how much time anyone has to be able to spend on bitcoin and learning, and if you do not have a lot of time, then you need to attempt to maintain a less aggressive and maybe even a more passive strategy, and DCA works pretty well for someone who does not have a lot of time to study into bitcoin or even to study into various kinds of strategies to monitor if the BTC price is going to go up or down.

edited out]

........ And it is true as stated by JJG because in point 8 where we can change our formation when the market situation changes suddenly, that is, we make purchases before the time comes in the composition of the list of purchases that we will make. It all depends on the situation because they can act more aggressively when the market turns red and can also accumulate more when the market falls 10%.

Personally, I don't really think about number 8 as a way to fuck around with trying to time the market - especially, since the more important things about the whole list of the 9 items that are referred to in the list of factors to consider, BTC price (which is contained in the idea of:
"4) your view of bitcoin as compared with other investments,"
And so price is contained within that idea, and we could flesh out the idea, but price ends up ONLY being one of the several factors, and is ultimately a sub-factor of one of the factors.

Of course, you can use the idea of tweaking your approach however, you like yet I would suggest that most of the tweaking would come from changes in a persons cashflow/expenses and/or how much BTC that the person accumulates in comparison to other kinds of assets (and so yeah the changes in overall wealth and how it is allocated could justify some needs to change a persons approach in terms of which assets are being bought and/or sold and how the objectives - such as reallocations or changes in allocations are being accomplished).