Quote from: Samlucky O on Today at 07:53:41 PM

Quote from: Wind_FURY on Today at 05:03:41 PM

Get the context. The point is not about being the best investment because of price movement or ROI, the point is being the best investment in a particular sector because the HODLer is assured that the investment will continue to exist for decades.

I understand your thought and what you really mean, but I was just trying to be specific on the importance of Bitcoin over the other forms of investment. You know each time I hear people speak of Bitcoin, it sparks up my minds and want to talk and emphasis on it, for people to know the importance of Bitcoin. because I just feel like any discussion without Bitcoin is like I am not adding something to my Brian or not reminding my self of what I have chose over other investment. Not that I don't know that you just listed the other forms of investment but I was just trying to still let you know how important Bitcoin investment is still important than the other investment.

Quote from: Wind_FURY on Today at 05:03:41 PM

Plus ser, I'm not comparing Gold and Stocks with Bitcon, then saying that they're better than Bitcoin. In fact, I'm in the part of my journey that believes each has its pros and cons.

We are on the same track and would love you to still maintain to the nation that Bitcoin investment is the best investment and DCA is the best strategy of investment if am not mistaken Grin

, I don't know about you. But holding for long is the slogan and that is what keeps the DIP and HODL family going for long. The DIP and HODL thread, is like an initiation process of making your conversant with the orientation of holding for long. and whenever you hear any matters arising from a different direction it make you feel like you have mised the track. Just hold and as the slogan may be, but put in practice. Because practice is more important than hearing everyday without doing.

I think that you are on the right track to suggest that in this thread we should primary be thinking about bitcoin, even though surely some guys are going to have other investments and sometimes we might have to make comparisons that also might include considering why bitcoin is a better investment, but even if bitcoin is a better investment, some folks will come to bitcoin and they will already have some of those various other investments, so they might be left with choices regarding the extent to reallocate some of their exposure from some of those other investments or even whether to continue to invest in those other investments, and these are not necessarily easy choices, and even employer retirement plans (such as 401k) might have matching contributions that complement the tax advantage posture of those investments, which can create a lot of dilemmas for folks who are figuring out where to put their money first, especially when so many folks are already used to NOT investing even to buy property or to have 401ks.. ...

so somehow some of these folks who might already be in the habit of not saving/investing much might end up getting prejudiced if they do not buy bitcoin directly, at least with part of their investment portfolio.. and the recommended amount to allocate to bitcoin is becoming higher and higher, and even if bitcoin is the very first investment, it could take years and years before the size of anyone's bitcoin investment becomes large enough to start to consider some kind of need to invest in any other assets besides bitcoin and cash.

Quote from: Samlucky O on Today at 07:53:41 PM

When I started hearing about DCA or HODL, I didn't took it serious, but at a time goes on, i asked myself that if I spent my time everyday here in this forum hearing about Bitcoin investment without Puting it in practice, I will later have myself to be blamed. If I learn without investing in my wallet, what will be of me? That is.. I have totally wasted my time. So I picked the courage and started long time with the little I could afford. So am proud to be a holder! all thanks to JJG he is the father of al holders.

There are probably better HODLers than me, and I consider myself a bit of a contradiction because ever since mid-to-late 2015, I started to put into practice a sell on the way up strategy, and when I first started doing it I made quite a few mistakes, but I have honed my system several times over the years.. and there are quite a few members who criticize me for such practice with claims that I should not sell any of my BTC, even if I am saying that I have it already figured out in such a way that I can sell and that I never will run out of BTC.

I sell so small amounts that even if the price shot up to a $million, the amount that I sell would not even amount to very much. I think that when I first started selling I would sell close to 15% for every 100% that the BTC price went up, even though my target was supposed to be 10% for every 100%, but these are kinds of ballpark figures that kind of worked themselves out, but the amount kept gravitating down, and it seems that now I am close to 5% for every 100% rise, even though if you think about it, if the price doubles that would mean that 50% of the bitcoin holdings would be profits, and some people (especially traders) consider that they can trade all of their profits and still be working with house money, but if you ponder further into the matter if the price keeps going up and at every doubling half of the BTC are sold as "profits," then such bitcoiner would never experience any compounding effect from his bitcoin holdings..so when most of the profits are allowed to continue to roll over, then in dollar value, the parts of the BTC holdings that roll over are compounding upon themselves over and over and over.

I also claim that I was ONLY able to employ this strategy to cash out on the way up based on my having had reached a position of both over accumulation and also because the BTC price had been going up in crazy-ass kinds of ways that justified using bitcoin's own volatility in a way to complement my own BTC holdings.. which surely is not a pure holding strategy but it still emphasizes HODL, and I don't even recommend anyone follows the same strategy as me until he has built his BTC stash up to a certain size in which he is MOSTLY no longer accumulating..... so there is a need to build the stash to a certain size before it even makes sense to transition into some other kind of strategy.. and how are we going to know when we have reached such accumulation level?

It seems to me that each of us has to figure out for ourselves when we reach that point in our BTC stash accumulation journey that we are able to start to employ something other than pure BTC accumulation and transition into something that is more akin to maintenance and the selling is not in order to buy back cheaper, but the selling does end up providing some insurance for buying back cheaper, as long as we are mostly selling within a formula that we are mostly selling from profits and not depleting our principle and not depleting the ability of our BTC stash to be able to compound on a regular basis... which it has done historically, even though it is not guaranteed to continue to do it... even though bitcoin's investment thesis seems to not really getting any weaker..

We likely also need to try to make sure that if we are transitioning into using any such strategy that starts to allow the sell BTC on the way up, our employment of such strategy presumes that we have reached a certain number of BTC that allows such strategy to be permissible, then a decently large amount of those BTC (maybe even 70% or more) have to be fairly strongly secured in either private wallets and/or some kind of cold storage, and none of us can exactly tell anyone else how to reach such status or how to assess that they have reasonably reached such status (without their own having had made an assessment error).

I frequently question myself and even looking back at my own bitcoin history in terms of whether I really did manage my BTC as well as I should have had managed it, and sometimes my earlier assessment of what I was doing ends up varying from my going back and reviewing what I did when and why I did what I did... So in many senses, many of us may well make various mistakes along the way in our bitcoin journey, and sometimes we still may well end up having overall success (and even particular success), even though we may well have had made several significant mistakes along the way.

Quote from: Ruttoshi on Today at 08:19:17 PM

Quote from: JayJuanGee on Today at 06:30:03 PM

but then you should be able to measure your bitcoin portfolio building along the way and to adjust your strategy along the way too, even though you admit that currently you are not ready, willing and/or able to engage in building of your bitcoin holdings.. so maybe by nature you are a weak-handed kind of person... and you might not be ready for the big league of king daddy bitcoin, and you need to go fuck around with shitcoins for a while.... and maybe in the meantime, just figure out if there might be some small amount that you might be willing to put into bitcoin and forget about it.. and just continue to build your bitcoin without thinking about its cash value for the next 20 years.. can you even do that?

Anyone that cannot discipline himself and sacrifice for the future by not using the opportunity that bitcoins gives now to invest in a long term so that he can hodli, and build his bitcoin portfolio, will live to regret his mistakes in future, when they will see how bitcoin will transform a lot of people lives that was able to sacrifice and hodli till that time.

Some times it takes these losers a very long time to realize their mistakes. I have a few friends who I sent a decent amount of bitcoin at various points between late 2014 and late 2016, and so you can imagine even relatively small amounts in dollar values are ending up to add up to quite a bit in times like this, and I even made some statements to suggest that they need to be guarding what I had sent them and maybe even buy some more of their own.. and sometimes they did both of those but then later down the road they lost courage and sold all their bitcoin.

Another example of a guy that I had sent many transactions in bitcoin over the years and he tended to just sell them or to not hold onto his coins, and when I saw him in mid 2022, I was a bit depressed about the price because it was bouncing around $20k and yeah there was a lot of trauma during those times, and when I continued to tell him that he might want to get started (or restarted) in his bitcoin accumulation, he suggested to me that this could be the top, and I agreed with him that it could be the top, even though it seemed more like a bottom to me, but I was not going to proclaim to know, even though I told him that it would probably be a good time to get in and just to DCA...

So even if he took a conservative approach and did not lump sum invest, but instead just invested $100 per week since the beginning of June 2022 until now, to date he would have had invested $8,900 and he would have had accumulated 0.411 BTC (currently worth $18,627), and surely in any event having 0.411 BTC would not be a bad place to be right now.. .. and surely anyone taking an even more aggressive investment stance would be even in a better position to be in profits and poised for the possibility of more UPpity... which surely is not guaranteed, but it feels good to have some cushion in your stash..

Think about that even if this friend of mine had front-loaded by investing $25k (and he made some mistakes since the BTC price was then around $20k.. but he ended up over paying) to buy a whole BTC and then carried out that same $100 per week DCA strategy, by now, he would have had invested a total of $33,900 and he would have accumulated 1.411 BTC (currently worth about $63,918), and that does not seem to be a bad place to be, even if it is seems to be a pretty large investment amount and even if he might continue to invest $100 per week, or maybe he might want to increase his investment amount, but even if he stays with $100 per week, he still would not necessarily be in a bad place, even though in western standards he still would be quite a way from reaching entry-level fuck you status.. since even my entry-level fuck you status chart is suggesting that it still might take around 7 BTC to be at entry-level fuck you status in 10 years.... but anyone who had already accumulated 1.411 BTC in the last couple of years might feel that it could be possible to work towards such a thing - even though none of us can really know what is affordable for anyone else.. so if he just sticks with $100 per week, he still might be able to reach 3 BTC in 16 years, which would also be western level entry level fuck you status by 2040-ish.

Quote from: Ruttoshi on Today at 08:19:17 PM

Bitcoin investment is my first investment that I have ever had, this is because it is stress free and you don't need to have any papers or documents, or start moving from one place to the other. Yours is to just invest, grow your investment. and hodli for a very long time, and your profit will keep on generating more profit with timeline. Nobody will know that you have any investment, because it is a not a physical investment. I think it is the most unique amongst all investment, so it is worth investing into.

You are not going to get any arguments from me in terms of focusing on bitcoin first and also the various advantages of bitcoin, yet at the same time, the larger your investment gets, the more you do have to make sure that a decent amount of your bitcoin is held in private wallets and/or cold storage (maybe 70% or more of it). When your investment is smaller, it may not be as BIG of a deal, but even small investments can sometimes end up appreciating quite a bit in value. I recall during 2017, I had some of my BTC holdings in various kinds of online wallets (and even on my phone), and I would never carry that much around on my phone, but was a kind of accident based on how fast the BTC price had gone up and I had not gotten my systems into place to be able to make sure that I held my coins in private ways and in cold storage kinds of ways that are not overly complicated, but they are complicated enough that it is not easy for anyone except for me to access them under the conditions that I have set, and including some ways in which I cannot even access them in very easy ways.. and many of us have also learned that we might not want to go into too many details about our own security set up even though we sometimes will discuss some of the possible ways to do it and even get into some specific suggestions which may or may not be exactly how we do it.. so there is some needs to make sure that it is not difficult but that it is not easy either... because no one would want to either have his coins taken or to have had lost his coins through his own over complications.

Quote from: GbitG on Today at 09:11:12 PM

DCA is a crypto-tactical strategy

This is a bitcoin thread. Hopefully no one is concluding that DCA works with shitcoins, because one of the presumptions regarding the benefits of DCA is that ultimately at some point the asset is going to go up in value and you will be advantaged by ongoing buying it because generally speaking its longterm trend is upward.. even though in the short term its trend might not be upward. Except for bitcoin, you cannot presume that any shitcoin's trend is upward.. so hopefully people are not that dumb to buy shitcoins with such strategy, even though there are a lot of people who use the DCA term in shitcoins, and they might not realize that the shitcoin may well not have an upward trend.. ..so most likely we can say that DCA is likely to work with BTC, even though it is not even guaranteed to work in BTC, but at least bitcoin's investment thesis is likely strong enough that any of us should be ready, willing and able to DCA into bitcoin based on that kind of a presumption.. and the less confident that we are about bitcoin's likely ongoing upwards price trend, then the less that we should be investing, and the more confident that we are in bitcoin likely ongoing upward price trend, then we should be able to invest as aggressively that we are able to without going so far as to end up recking ourselves due to poor financial and/or psychological management.

Quote from: ArikeTobi on Today at 10:05:29 PM

Quote from: Tmoonz on Today at 09:26:51 PM

Quote from: Justbillywitt on Today at 08:08:07 PM

Job security has to be considered too when someone has finally decide to start his bitcoin investment journey. One has to be certain that your job has to be really secured, and not a kind of job that won't last long. Job security should not be underestimated because if you have chosen to invest through DCA make sure that your job or source of income isn't something that's going to be terminated on a short run.

yes one can actually loss his job, that is life full of uncertainty, but at most time it is advisable to have passive income streams which one of it's enormous benefits is that it reduces the fear of job loss. It will become more easier for an individual to reach his financial goals when having a multiple streams of income by achieving them much quicker than if there was just one job, it helps in ensuring that you have a consistent and reliable source of income and at same time giving you that emotional rest needed to manage your asset properly.

In everything that we do in life, we should always have a backup to them, this will prevent us from suffering huge loss on them under any circumstances unforeseen to us, Ive seen someone having his job and still making bitcoin investment by trading partly, when he lost his job, then he fully have enough time to engage into trading in full, there's no much vacuum created as a result of loosing his job.

The security of our assets should also matters to us in a very big way, we cannot afford making silly mistakes with our investment funds when we are just thinking only in one direction.

Back up plans include emergency funds, and/or also other possible ways to earn money.. so we have to have some ideas about our cashflow and expenses situation to figure out how large we might need to keep our emergency funds and even some of our expenses might be discretionary too. but some might be somewhat sticky and not easy to change.