Quote from: Greyhats on Today at 05:34:15 AM

Hey all,
I started my dca journey back in 2021, to see the price today of 50k is just amazing. I have never had any investment increase in value so much in such a short amount of time. We are not done here either, that means keeping doing your dca even tho we are at a yearly ath. Keep calm and dca on!

Have fun,
Greyhats

@jjg I went back and looked at our dms in dec 2021, your advice then is the same as your advice now. I’m really glad I listened, learned and figured it out. Thank you!

It can really pay off to stick with something, even if you end up with higher costs per BTC... but there tends to be really no way of knowing that the BTC price is going to continue to go down.. so some of us who start buying at or towards the top might get a bit discouraged, but with an asset class like bitcoin the persistency pays off.... and such persistent buying may well not end up paying off with any shitcoin.. so you gotta be careful if you try to apply the same persistency to a shitcoin.. which we should realize that bitcoin does not fit into such category..

And, so by the way, you and Saylor ended up being in a bit of a similar camp.. since Saylor had bought quite a bit of BTC at various points during the 2021 top... and so he ended up dragging up his cost per BTC quite a bit.. ... but yeah, Saylor is a bit of a different story, even though some of the persistent DCA still can be seen through what he had been doing and continues to do.

By the way, I even heard some seemingly smart guys misinterpreting the fact that the further that anyone of us goes back in our BTC journey, the more and more compounding our BTC investment tends to experience, so they were reading the recent entrants having way lower returns as some kind of indication that there is a need for recent entrance to change their strategy (meaning to trade more), which truly is both a bunch of bullshit, but also misleading..

because the BTC-related DCA data has always tended to show that the more recent entrants in the market tended to be way worse off than the ones who had been in longer.. and sure there are some cases in which guys are going to be able to buy on dips and lower their cost per BTC, but I doubt that they are going to do better than then guy who continues to buy.. including the guy who continues to buy can also buy extra on dips.. and at some point he is going to feel that he has enough.. which is difficult to imagine too many scenarios of guys having enough in less than a full cycle of BTC accumulation.. sure there are cases, but the vast majority likely are better off to ongoingly, persistently, consistently and maybe even aggressively buy BTC for at least 4 years and then reassess the extent to which you might modify your approach.. and even with 4 years of doing that and likely having decent chances of being in profits (without guarantees) you may well end up assessing that you need 2 more years (so a cycle and a half) of fairly continued and aggressive (but not too aggressive) BTC accumulation.

Quote from: Tmoonz on Today at 10:29:53 AM

..... the early you invest the the more compounding interest works to your advantage over those who started later on.

In bitcoin it is not good to think in terms of compounding interest, but instead think in terms of compounding value.

I touch upon that comparison in a post of mine from a few days ago:

Quote from: JayJuanGee on February 10, 2024, 03:16:59 AM

For example, even just looking at where bitcoin was in 2015, we can see that there have been about 9 doubling of bitcoin's value events (in terms of it's dollar value) and yeah some retracements but still we are currently still around 8 doublings since 2015 (that is ONLY a little more than 8 years).

1) $250 (2015)
2) $500 (2015-2016)
3) $1,000 (2016-2017)
4) $2,000 (2017)
5) $4,000 (2017-2020)
6) $8,000 (2017-2020)
7) $16,000 (2017-2022)
8 ) $32,000 (2021-2023?)
9) $64,000 (2021-?)
10) $128,000 (?)

Historically, those value appreciations in bitcoin have been way greater than the debasement of the dollar even if someone were to have had paid you 10% interest on the dollars that they were holding for you, it still would have had been better for you to keep your value in bitcoin even if no dividends or interest had been paid by keeping your value in bitcoin and stored by yourself in isolation.

Historically, many folks have gotten overly greedy with their bitcoin and they put their bitcoin with third-parties in order to receive interest or yield and then they end up getting fucked.. so frequently it is not worth the risk to be using those kinds of interest bearing products in relation to your bitcoin, unless you can have some confidence that they are not gambling with your BTC too much.. which is truly difficult to assess because sometimes they are lying to you about what they are doing with your BTC in order to earn the yield.