Quote from: Mahanton on Today at 07:59:23 PM

So how those people been waiting for that 34k-35k dip or even into those 20k below bear boys out here? Seems like that 42k is the floor now. Grin

Well, we do still have that pre-halving dump, we cant really just that be able to know on when it would happen but it seems that we are in between within these months.
It is really just that hard to point out on when. For those who do able to accumulate or able to buy on 38k then we are profiting as of this moment.
Honestly, im waiting for that last dump before halving happens or even with that post-halving dump too.

My cash is ready for having that DCA but well, we dont know if it would really be just that the same pattern that do happen trying to reflect
out on what happened into those previous runs.

We do not know.

You cannot presume that there is going to be another dump before the halvening, even though there could be.

You also cannot presume that there is going to be dump right after the halvening, even though there could be.

So whatever you need to try to be reasonable and measured with whatever quantity of fiat that you are holding back in order that you do not necessarily have regrets if the BTC price goes up and fails to dump as much and/or during times that you anticipate that it might dump.

Sometimes if guys hold back too much fiat, and then if the BTC price goes shooting up, they end up FOMOing in, even though they would have had been better to be regularly buying with some of the excess of the fiat that they had building up.

Quote from: BITCOIN4X on Today at 08:20:17 PM

Quote from: JayJuanGee on February 04, 2024, 06:03:59 PM

[edited out]

You may have noticed that most of the bitcointalk users who use paid signatures are not those who have a large budget to invest in any asset including bitcoin in the early days. They come for various reasons, and the most stated reason is because they want to make money with it. This is why it is possible for some of them to start with a small budget and grow big over time while enriching their knowledge and developing strategies on investments.

Unless, they are people with big budgets who already had money in their bank accounts or any asset before they got to know bitcoin. They can start with a large budget ($6000 I think is quite large) and just need to learn how to practice good investment strategies. The ideas and advice are certainly no different, if it is a long term investment, then buy dip and dca remains good advice to consider, whoever they are.

There are differences between older and younger folks, and we can presume that younger folks (let's say teens or early 20s) might not have had a whole hell of a lot of time to invest, even though there are exceptions in terms of some young folks start to earn and save money from the time that they start to work, and that might even be when they are barely teenagers, maybe from 12 years old to 19 years old they still might be living with their family, so they may or may not have to contribute to the family expenses with their income which could provide opportunities to save/invest).

And so then there is age in regards to how long a person may have had to invest, and the other part is how high the pay potential could be when earning an income in western locations versus some of the more poverty stricken places it might be a lot more difficult to scrape up enough income to thereby be able to save/invest.

By the time a person starts to work a regular job and maybe have to pay for his own living expenses, if he is earning $20k to $30k per year, then maybe we could presume $2k to $3k invested each year, so anyone investing/saving for just a few years could invest up to $6k, and then if there is appreciation on their investment, then they would have their appreciation, too.

I frequently like to use the idea of 10% per year, even though some times there can also be periods in which someone could invest more than 10% per year, and so then if 10% per year leads to 10 years in order to have 1 year of his income/expenses invested, then if we go up to 20% or 30% or even more (including cutting back on expenses), then we can get up to 1 years income in a lot shorter time, and if we are learning to live off of lower expenses, then we also know that we are able to support ourselves on lower income levels too,... if it ever comes time to measure how much we are going to need to live.. even though maybe some folks if they are expecting to reach fuck you status (which is 20-30 years of income), then in those cases, some of these guys might be wanting to increase their standard of income, which would likely mean that they need more cushion... and personally I also believe that just having bitcoin in your holdings is likely to give you a lot more cushion than any of the traditional asset classes... so there are extra advantages in terms of having bitcoin whether it is all of your investment portfolio or just part of the various components of your whole investment portfolio.

Now I know that there are a lot of guys talking about being able to live off of just a few hundred a month, and I am not sure if those are very realistic numbers for most guys, so we should likely be shooting to talk about a guy that at least has $1k to $2k worth of expenses, and even a guy with that level of expenses, if he has ONLY $6k saved, then that is ONLY 3-6 months of his expenses, so if you are saying that a guy coming to bitcoin with $6k is a lot, I am not sure if I buy that in terms of being considered a lot, if we are speaking generally even about poor people. so of course, anyone can round down numbers if they believe that rounding down would be more applicable to their situation.

Let me concede one other part, and that is that whether people are rich or poor, there are a lot of people who do not even invest/save 10% of their income, so those people are likely never really going to get ahead, and there are so many people in western locations that either ONLY have their house as their ONLY investment asset (and a house is surely not very liquid) and/or they may have something like a 401k, but it seems that less than half of those westerners who have access to a 401k are actually investing into it.. so that can be a bit problematic when it comes to how they are saving and if they are saving it is most likely in a house and in a 401k.. so then in that sense I can concede that there are going to even be a lot of westerners that cannot even scrounge together $6k because they have been employing poor practices in which they are not sufficiently/adequately saving and investing even prior to learning about bitcoin.

By the way, even if someone comes to bitcoin with an already existing $100k investment portfolio, I personally would not necessarily recommend cashing out of any preexisting investments, unless it seems logical to do so, like there is some kind of excuse to transition out of one investment and into another.. otherwise, even if the goal might be to get the BTC portion up to 10%, then it could take a year or two just to get the bitcoin portion up to 10% (which would be around 10% in this example).

With the US SEC approval of the BTC spot ETF, it is probably quite a bit less controversial regarding bitcoin's investment thesis, and maybe even anywhere within my 1% to 25% recommended area might be acceptable.. and not so controversial.. so maybe I should adjust it to 5% to 25% .. just to go with the times... yep.. that's what I am going to do.. any newbies to bitcoin, better get the fuck off zero, and consider 5% to 25% allocation in bitcoin.. it should not be that controversial.

Quote from: Roseline492 on Today at 08:20:44 PM

Quote from: JayJuanGee on Today at 07:11:58 PM

[edited out]

....just like you mentioned the reason of this thread is not for trading so is best we focus on the reason of this thread which is the best ways of buying the dip and hold.

Maybe we can all feel bad that this thread is focusing so much on accumulation of BTC through DCA and regularly buying of BTC, and really buying the dip and HODL seem to be taking an inferior position.. . .and so be it.. we should be putting buy the dip and HODL within its context in which it is ONLY part of an accumulation strategy, including that many of us have concluded that buy the dip and HODL is likely more of a luxury for those BTC HODLers who have already accumulated a decent amount of BTC - since if you have not already accumulated a decent amount of BTC, then you really are not in a position to either buy the dip or to HODL... especially since a pure buy the dip strategy is a waiting strategy in which you are not really prepared for UP. .and I think no matter the BTC price, it is better to be prepared for UP rather than not being prepared for UP...and the only way to prepare for UP is to buy BTC.

Quote from: Mayor of ogba on Today at 08:39:09 PM

Quote from: smelody on Today at 09:05:52 AM

[edited out].

I don't see taking advice from an investment professional as a good step toward accumulating your bitcoin because you can be misled. What if the investment professional told you it is only whales that can accumulate bitcoin because of how difficult it is to own a bitcoin and the investment professional can teach you a strategy that will not be favorable for you to accumulate your bitcoin? For me, there is no need to meet an investment professional before starting your bitcoin accumulation journey. If you have bitcoin knowledge and know how to buy bitcoin from the Cex exchange and withdraw it to your noncustodial wallet, I think you are good to accumulate your bitcoin with the DCA strategy whenever you want to accumulate it and hold it for the long term.

It is likely bad advice, and perhaps bordering on retarded to go to a investment professional about BTC, since they would likely either try to talk you out of it, talk you into some whimpy position, talk you into their various products that relate to bitcoin exposure but probably do not result in actually owning real BTC.