Quote from: bitmover on Today at 03:31:23 AM

Quote from: JayJuanGee on January 24, 2024, 09:18:02 PM

Just think about it, a $100 per week invested into bitcoin over the last 4 years would have had resulted in more than 1 BTC (at 1.0505), but if you had been wanting to double the quantity of your BTC holdings in a similar amount of time, you may well need to increase your investment rate by 4x to 6x or maybe even more.

This is basically what signature campaigns are about!! A few hundreds dollars of btc each week

However you can get that amount of money.

I mean in the past 4 years, you could have had gotten a wee bit over a whole bitcoin with $100 per week.. and I am wondering if 4x to 6x is actually going to get a whole bitcoin in the next 4 years, and that would be $400 to $600 per week.

It is surely a pretty good income to be able to put $400 to $600 per week into bitcoin or any other investment, yet I am not even going to proclaim that a guy needs to get a whole bitcoin, especially if he is just starting out. If he is just starting out, he just needs to get started, and before 2020, I would frequently suggest $10 per week for newbies to get started, and since 2020, I have been recommending $100 per week, even though I know that it is quite difficult for a lot of non-westerners to do $100 per week. Sometimes it might be easier for westerners to be able to put aside that amount, but even westerners might be stuck in situations in which they have too much debt and they don't have reliable income... so I am not going to presume it is easy, and I also am not going to presume that anyone should start out by aspiring to a whole coin within 4 years, unless they might already be starting out with some kind of an investment portfolio that they could diversify (reallocate) into bitcoin or if they just happen to have a lot of disposable/discretionary income such as in the $400 to $600 per week arena.

Quote from: Troytech on Today at 08:32:44 AM

Grey scale massive selling could really cause a dip pre-halving event, i don't seem to understand why there are selling this much and what their plans are with doing this,

Grayscale mostly do not have any control over the amount of bitcoin that are sold. They sell in regards to the amount of GBTC shares that are sold, and sure some of those GBTC shares could have been their own shares, but I would not presume that they are selling their own shares. I would presume that most of the sales are coming from clients selling GBTC shares, and then so then Grayscale has to sell the corresponding number of bitcoin in order to keep their accounts balanced (or backed by the correct amount of BTC).

Quote from: Troytech on Today at 01:53:21 PM

Quote from: bitcoinPsycho on Today at 01:14:10 PM

It's a gift for anyone with spare fiat including myself Wink

I swear, every one who is prepared has nothing to fear, my reserve are full, we wait for the dip.
#BUY THE DIP AND HODL 😁😁

Well a further dip may or may not happen, so I am not sure what the point is to wait too much for any further dip when we already got around 21.5% dip. but hey you never know maybe there will be more dip, but I would think anyone waiting for a dip would have already bought some at these price points, even if it might surely dip further, but then again, it might not.

Maybe part of the matter depends on how many BTC that you already have versus how much fiat you have in reserves, so if you had just started buying BTC and you have a disposable income of around $100 per week, and you have $3k in savings and another $3k for your emergency fund (presuming $1k per month in expenses), then maybe you would buy $1k right away.. but if you had been buying $100 per week for the past 18 months, if we go by your forum registration date, then you have already bought around $7,600 worth of BTC, so you have a bit more cushion if you had already been buying... .. but if you had ONLY bought a few hundred worth, then maybe waiting is not a good idea... waiting kind of depends on circumstances, including if you are already largely prepared for UP or not.

Even if you had been buying $100 per week for the last 4 years, as we discussed in this thread earlier, some guys might consider 1 BTC is not enough, so they are not going to be waiting around for any dips.. they have been buying for the past 4 years and they had plenty of dips and even plenty of buys that were higher than current prices, so they likely are just continuing to buy.. but yeah, none of us can really speak for anyone else in terms of when they can change their strategies away from ongoing buying and into some kind of waiting for a further dip approach to their BTC accumulation..