Quote from: JayJuanGee on January 15, 2024, 04:22:53 PM

Most important in regards to particulars would be how long you have been investing into bitcoin and some of the techniques that you might have used during that time to build your BTC holdings. None of us here have been asking anyone to disclose their quantity of BTC, so frequently we speak in terms of hypotheticals... and sure some guys have described their own numbers but it is not necessary. Even with myself, I change around my amounts from time to time, but I still tend to describe various timelines and various techniques that I had been using along the way, since when I first got into bitcoin in late 2013.

Timeline is a kind of important factor since many times, guys try to spout out various kinds of preferred practices whether that is trading or waiting for dips, and frequently we can compare their entry timeline and throw in some hypothetical amount for what their DCA might have had been, and it is up to them to compare if whatever technique that they had been employing would have ended up coming close to or even beating a straight-forward persistent and consistent DCA strategy... and even that takes time to play out.. maybe 4-10 years or longer, since anyone might be able to play some short term price waves for a while, but who cares?

If in this thread we are mostly trying to emphasize ways that any of us might employ longer term techniques in which we are going to be advantaged 4-10 years or longer, then we should not necessarily be trying to count our results in the shorter terms, and surely we are not talking about trading here anyhow, so maybe those guys should go to some other thread to talk about those kinds of techniques.

If your technique might be giving you results in the ball park of a straight forward DCA strategy, then that is all likely fine and dandy, but still personally, I am not going to be very impressed with whatever you are claiming to be your results if you are bragging or whatever in terms of some timeline that is less than 4 years - absent if there might have been some specific reason that you ended up needing to either plan such a shorter strategy or maybe something unexpected (like health related) happened in your life that caused an emergency that may well mean that your timeline (such as death or incapacitation) would end up getting cut short if you did not cash out some or all of your BTC earlier than planned.

I have not been into the Bitcoin system for a long time just with a max of 2yrs and my holding is still on the long run of accumulation, my total budget has been placed according to my financial stability calculated into a successive period of time which I find it much better mainly deploying the DCA strategy but including the DIP technique as well. I find it much better doing both, when the price was down to $20k, I knew it was one perfect opportunity and at that moment I put in my possible best into accumulating more than what I used for my DCA. My cash flow comes monthly and some little bonuses weekly, the cash from my monthly payroll goes into my DCA technique account then finding a convenient DIP in the market I buy all in with the weekly cash.

Quote from: JayJuanGee on January 15, 2024, 04:22:53 PM

absent if there might have been some specific reason that you ended up needing to either plan such a shorter strategy or maybe something unexpected (like health related) happened in your life that caused an emergency that may well mean that your timeline (such as death or incapacitation) would end up getting cut short if you did not cash out some or all of your BTC earlier than planned.

We don't pray for stuffs like this to happen but paraventure it happens I have build in this connection with someone in my family who has the basic knowledge about Bitcoin and merely have access to my holding account, we both set up this plan cause we intend our holdings for a longer term and if any unforeseen incident might happen then all our effort into Bitcoin accumulating will not be in vain.

Quote from: michellee on Today at 03:39:30 AM

Oh, sorry, I wrote it wrong so it confused you. What I mean is that I don't care about short-term profits but I aim for long-term profits. Maybe it was because I was sleepy and didn't check what I wrote. Once again, I'm sorry.

They will want to hold their Bitcoin to get bigger profits after seeing what happened from 2013 to 2017. They will wait until the price increases to be very high before they sell it. That is an example because I am sure each investor will have short and long-term plans.

But I say again, I don't want to take short-term profits. I still hope to get long-term profits so I still hold the Bitcoin to sell later at the highest price. And I have also edited my post so that there is no misunderstanding. Once again, forgive me if I confused you. I wrote it wrong so forgive me.

Experience should never been said to be the best teacher, I prefer learning from people mistakes and excluding the HAD I KNOW outcome. Many people do regret selling their Bitcoin investment too early than they should, not that they still can't accumulate one's more but the entry price won't be promising as the former. It is always ideal we stick to long term investment to maximize our profits.