Quote from: Fuso.hp on Today at 09:33:08 AM

Quote from: Mayor of ogba on Today at 06:03:16 AM

Mate, $30 is no small fund when it comes to investing in bitcoin, if you add an extra $70 you could have gotten $100 and used it to invest in bitcoin through the DCA strategy. We have been saying that investing in altcoin coins is too risky because they are only in for your money and the big whales will take liquidity from your fund. But it is good you realized that this thread has been helpful to you and also opened your eyes to see bitcoin as the future. You can start to accumulate your bitcoin through the DCA strategy, believe me, your bitcoin investment will be much better than investing in an altcoin coin.

If an investor invests in DCA (Dollar Cost Averaging) method then investing 30$ is not at all less for him. You may be investing exactly $1K but the investor who invests regularly with 30 dollars but one time investment amount will be much more than your $1K. And if you buy bitcoins with exactly $1K and another investor makes 30$ to invest in DCA method, the investment amount is $1k. When you buy Bitcoin with $10K suppose the price of Bitcoin was $30K but after you invested Bitcoin value decreased by several steps but you will show some money loss from your capital. On the other hand, the person who will make a continuous investment of 30$ will be buying bitcoins at every step of the bitcoin price, so the profit will be more than the loss. That is the benefit of investing in the DCA method.

Investing DCA does not guarantee that your cost per BTC will be less than someone who lump sum invested.

There may be people who could never really save up $1k, $10k, $20k or $30k, but DCA allows them to get up to those amounts with the passage of time, and their dollars are already invested rather than being in dollars, which would be ridiculous to accumulate dollars and wait to invest in a lump sum.

Usually people who have lump sums that they can invest already have that money available, so the person who has the money available can choose whether to DCA and/or to lump sum and/or to buy on dips, so that person has more options, and it may not make a whole hell of a lot of sense for the person who already has a lump sum of money available to choose to DCA or even to buy on dips rather than to buy right away, but even the person who has a lump sum available is not forced into having to buy right away.. he has options.

The person who does not have any money available.. has way fewer options, and DCA'ing makes way more sense for the person who has no money available to be able to invest as soon as the money comes in rather than waiting and lump summing at a later date.. and in the end even the person who does not have a lump sum, still has the option to wait or to let the money build up, which I would suggest is not a good idea, but people are free to do what they like, including having fun staying poor.

Quote from: michellee on Today at 09:55:52 AM

People give many reasons before they start investing in Bitcoin, one of which is their readiness to buy Bitcoin. And it's normal for someone not to buy Bitcoin immediately because it is new to them.

And, that is part of the reason why an overwhelming majority of people are not prepared for up. too bad for them. The only way to prepare for up is to buy a bit, and it can take a while to even get to an amount that is feeling sufficiently prepared for up.. as compared with having either no coins, which is absolutely unprepared for up, or low coins, which might have some preparation for UP, but not enough.. which a lot of people who even have some bitcoin, are not really sufficiently prepared for up.

Quote from: Wind_FURY on Today at 11:42:00 AM

Quote from: JayJuanGee on January 08, 2024, 08:41:38 PM

Quote from: Wind_FURY on January 08, 2024, 02:10:33 PM

For plebs like us who don't have millions upon millions in capital, long term/low time preference/HODL is the only way to invest in Bitcoin.

That does not sound right. DCA works for everyone, whether plebs or not.

In order to prepare for UP, you have to get a stake in the game, and if you have no stake in the game, then you run the risk of FOMOing when the BTC price is going up.. so sometimes a bit of front-load lump summing can be a good thing, and just planning to buy for the next 4-10 years or longer, and reassess at various points along the way.

?
What my post was suggesting/emphasizing was long-term/low-time-preference investing is much better for low capitalized plebs like me than a more active "trading" approach, which opens the pleb to more mistakes, more emotions which also opens him/her to further trading mistakes, and a negative effect on his/her general mental well-being.

Yeah, but you and I already agree (and know) that this thread is not about trading, so there no dispute that selling in order to buy does not tend to be a good technique for anyone except maybe folks who want to learn how to trade and gamble, which results in 90% or more doing worse than if they had just bought BTC on a regular basis rather than screwing around with those kinds of selling techniques.

So then the main questions in front of you and me still revolve around our differences of opinions in regards to what kinds of circumstances might constitute waiting versus just buying right away and regularly... I think that my post largely speaks for itself.. because ongoing buying may well be better than HODL, and even if it is not better, at least it is not "the ONLY way" to invest in bitcoin.

Quote from: Wind_FURY on Today at 11:42:00 AM

For more well-capitalized, sophisticated traders, they could use more approaches to make profit out of the volatility they experience in different markets because they have the liquidity that allows them to use different types of more active trading strategies.

That could be true, but we are not talking about those kinds of distracting techniques in this thread... and yeah, there are all kinds of ways that guys can generate cashflow, and persons with more resources have more ways to generate cashflow, but so what? It does not matter very much, because ultimately we are talking about guys having to deal with whatever cash flows that they have and if they have fewer kinds of cashflows then they can try to figure out various ways that they might increase or improve their cashflows, but I still don't see any reason to get distracted into those kinds of topics... because whether you are rich or poor you need to deal with what resources, you have and if you happen to be poor, I see little to no benefit to be whining that others have more resources, unless you might be saying that you cannot buy as much or that you have to try to increase your cashflow or to decrease your expenses, but if you are in a position in which you are not able to do that, then you have to work with what you have. We probably don't disagree about any of this, even if we might be talking about some of the balances in different ways.

For sure, you already know that I tend to react to the "us poor people are different" claims... which is an ongoing dispute between us because you say that us poor people" cannot buy regularly, or us poor people set up buy ladders all the way down to $20k or us poor people have to strategize to buy on dips and blah blah blah.. which I think is a bunch of bullshit, because us poor people can build up to certain scenarios to be able to set up sell ladders all the way down and the other various techniques because it would be a matter of how much to set up and what increments and sometimes how long it might take to be able to build up those kinds of reserves, while at the same time balancing how much money is put to work on a regular basis versus how much money might be allowed to stay on the sidelines for buying on dips in ladder kinds of formats in which there may well not be attempts to guess how much of a dip is a dip, but just to largely have them set up.

Quote from: Greyhats on Today at 04:04:04 PM

Adjusting for inflation in usd$ the last ATH of ~69k equates to ~88k usd$, hope you all are still BFTD.

Every year feels nice adding a new tab to my spreadsheet, wrapping up accounting for the previous year. Seeing when my forecasts and actual lined up. Another year of data under wraps and another new year of DCA and I wonder how long each dca buy this year will be BFTD territory and how much will not be Wink

Ever since about mid August, there have not been too many opportunities to buy the dip.. and it became even more noticeable by the time we got to mid-October, so who knows whether there are going to be very many new opportunities to buy the dip in the near term future. For sure, at some point we are going to end up experiencing some kind of a significant dip, but really since August, we probably have had less than 5 dips that were more than 8%.. and maybe the most we got was around 11%, which I would hardly characterize as much of a dip in the whole scheme of things when we are considering that the BTC price had dipped into the upper $24ks in August, so we have gotten quite close to a 2x price increase since then, and so in that regard, getting a 20% to 30% dip should not even be very surprising - but still does not mean that we are going to get it.

I personally expecting some resistance in the $55k arena.. but even that would not be guaranteed given how generally the BTC has been going up in such a way that seems to allow for buying support to catch up.... so who knows? The ones who are consistently buying are likely not going to be greatly disadvantaged, even if we get some kind of a dip, especially if we compare them to the ones who have been waiting around and not really buying and have not figured out some kind of way to act rather than waiting and/or watching on the sidelines.

Quote from: Obim34 on Today at 04:48:43 PM

Quote from: Greyhats on Today at 04:04:04 PM

Adjusting for inflation in usd$ the last ATH of ~69k equates to ~88k usd$, hope you all are still BFTD.

You just speculating the price of Bitcoin hitting an All Time High of just $88k, don't you think it might be more than that. I would hope to see something up to that of $100k

Even though there is some inflation adjusted truth to what Greyhats is saying, I personally don't get that excited by those kinds of inflation adjusted assessments that suggest that we have to move the ATH even higher in order to "really have an ATH." But then again, I tend to not really want to get too maniacally focused on tops anyhow, because if we are in bitcoin for the long term, sure we can start to shave off some of our BTC profits at various top prices, but if we are largely holding the vast majority of our BTC, then the value of our holdings will continue to go up with the passage of time, especially if we consider something like the 200-week moving average, which has never failed to go u, even if it has periods of time in which it is going up faster or slower, yet even now it is over $30k.