Quote from: avp2306 on Today at 12:16:12 PM

Quote from: JayJuanGee on Today at 12:09:56 PM

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.

That's why I don't like that yield farming or anything you call it which have long months or years lock-in since we don't know if they could able to last for long period of time.

Usually what we can see there is they turn scam and they take those balances and fucked up all their investors.

Much better if they just save their bitcoin on their personal wallet since they have total control of their funds and they can do whatever things they like especially selling it when they want pinch some profit.

Exactly!! I have had some pretty extensive debates with several forum members about these kinds of ideas regarding whether selling any of your BTC is a good thing and/or a way to manage your exposure to BTC and also to manage your ability to draw an income from your bitcoin holdings - and so part of the key is to both get enough and probably even moreso to get to a point in which you are over invested in bitcoin. I am not talking about being overinvested in bitcoin in a kind of gambling sense but more in a sense that you likely are able to live off of your various other assets and/or even including a portion of your BTC, yet you also have extra BTC that you can treat as surplus and to be able to sell small amounts of the extra BTC and never really use up the extra BTC.

Even though in the past, I sometimes have given examples (hypotheticals) of ways that guys could come to fair assessments that they are overallocated to bitcoin, I cannot really make those kinds of assessment for other guys.. and so each of us has to come to those kinds of assessed conclusions for ourselves.. and maybe even we might share some examples/hypotheticals in this thread or maybe in related threads, such as my sustainable withdrawal thread in order that maybe some other members (including yours truly) might give our own opinions in regards to if we believe that the situation appears to reach a status of sustainable withdrawal or overallocation.. or whatever kind of second opinion that guys might be wanting to get from other members in this forum.. yet in the end, sometimes we might not agree, but it still can be helpful to describe ideas (and hypotheticals) in order to try to figure out if either sustainable withdrawal has been achieved or maybe if some kind of a transition from strict accumulation and into maintenance or some less strict accumulation might start to be justifiable (while at the same time each member is responsible for each and all of the ways that he chooses to manage his bitcoin holdings).

Quote from: Mayor of ogba on Today at 02:41:01 PM

Quote from: Marvelockg on February 12, 2024, 11:56:15 AM

Let's get this right because it seems everyone seems to be advocating that the DCA method is the best. I know the methord is very popular and most people that might have practiced it in the past might have hard positive result from it but what about a situation that someone has enough money and monitors the price of bitcoin and when it gets bearish to a particular range of value he buys it and does that continually for the particular number of year.

Anyone who is using the DCA strategy to accumulate bitcoin does not mean the person is poor. The DCA strategy is used by investors who wish to reduce the influence of volatility over their investment. The DCA strategy allows investors to accumulate bitcoin even when the price is increasing or decreasing. If someone decides to accumulate bitcoin when the bitcoin price is at the dip, anyone will jail that person because it is his money, but that strategy will only make him or her accumulate bitcoin at the dip, which could delay his bitcoin accumulation process because if bitcoin doesn't dip to a certain price while the person is waiting, he or she cannot accumulate bitcoin. As a newbie, you can stick with the DCA strategy for accumulating your bitcoin because it will help to control your emotions and you will not get hurt while accumulating bitcoin.

It might be worth emphasizing that DCA is tailored towards the establishment and follow through with a personal budget in which an amount of dollars (or whatever is your native currency) is used on a regular basis (perhaps weekly) in order to buy BTC no matter what the BTC price, and so in the strictest sense DCA does not consider BTC price at all - but still likely has a presumption that in the longer term 4-10 years or longer that the BTC price is going to generally be trending upwards, so that there are decently good odds that they guy employing DCA will have more options in the future than he would have had if he had not been DCAing. Of course, the outcome is not guaranteed, even though with bitcoin, there is a bit of a presumption that bitcoin is an asymmetric bet to the upside, so it does not necessarily take a lot of value invested into bitcoin in order to have decently good possibilities of being in a better position by investing into bitcoin as contrasted with not having had invested in bitcoin.

Of course, the more that a guy knows about bitcoin and the longer that he has been accumulating bitcoin, the more likely that he could end up tailoring his BTC accumulation in various ways that supplement and compliment DCA - yet at the same time, DCA can still end up being a default position for guys who are rich, poor (as you mentioned Mayor of ogba) and/or not sure about what to do in regards to BTC accumulation.. so maybe a kind of situation in which, when in doubt, then just DCA in a way that is reasonable to your budget and figure out the details later in terms of whether more BTC accumulation aggressiveness might be preferable..