Quote from: Obim34 on February 27, 2024, 09:45:14 PM

Quote from: Moreno233 on February 27, 2024, 09:26:28 PM

Quote from: promise444c5 on February 27, 2024, 08:33:37 PM

Quote from: JayJuanGee on February 27, 2024, 08:15:56 PM

You are missing the expression, which is the best time to buy was yesterday, and the second best time is today..

Yeah I thought of it too but I choose to write it that way because I believe yesterday is a past which can't be reversed so all chance given by yesterday are gone.
However, today offers a new chance for who are willing to take it and which might be better than tomorrow because no one can predict tomorrow, I had to cut out yesterday and replace it with today as today will later becomes a tomorrow

You are seeing it from the angle of motivational speakers instead of facing reality. The statement is not supposed to be difficult to understand neither does it mean you have to dwell in regrets for not buying yesterday. Rather it is simply saying that the more you delay buying Bitcoin, the less the opportunity of getting it at lower price is. Some people got Bitcoin when it was below $1k, some got it when it was below $10k, those are the people who bought yesterday which was the best time to buy. Now we have the chance of getting it below $100k, the second best time to buy so the question is are you buying now or waiting to buy at post $100k? It will surely get to that price in a matter of time so we have to use the opportunity we have now wisely.

People neglect this fact of time wasted can not be recovered and missing the chances of buying from the DIP, may only amount to purchasing in a much higher price. It becomes a matter of buy now or buy later with a much higher allocated funds and getting lower amount of Bitcoin. Many people are already speculating the price of Bitcoin to hit a minimum of $100k, so who knows the actual possibility of it happening, it all indicates we running out of time to maximize our profits from investing now yet below the ATH.

It is likely that we will have some kind of a meaningful/significant correction prior to breaching $100k, but it is not a condition precedent. .meaning that it is not a prerequisite that we get meaningful/significant correction prior to breaching $100k... and also getting above $100k does not mean that we will stay above it, but it also does not mean that we have to correct back below it... .. even though it would be quite surprising to NOT have a least a few runs past $100k and crossing over a few times prior to getting above it and staying above it and then maybe coming back to challenge it later down the road.. and none of those waves are guaranteed as to how much UP we necessarily need prior to a correction and how much buy support is able to keep up with UPwards price movements, if they are going to continue.

Quote from: teamsherry on February 27, 2024, 10:15:13 PM

Quote from: JayJuanGee on February 27, 2024, 08:15:56 PM

Quote from: Troytech on February 27, 2024, 01:00:45 PM

Your right about DCA , if anyone has been using DCA since last year till now, he would have been buying on a monthly average that is very low compared to the last ATH and we are expecting the price to reach 60k or even exceed the last ATH this week.

Actually as long as anyone has been consistently buying BTC, it would not matter what price he started at, even if they started at either of the 2021 tops. he is going to be in profits, unless he front-loaded too much at the top and then did not buy enough to bring down his average cost per BTC in the last 2-3 years.

Then I think over frond loading has its own side effects, let me say I front loaded now that the price is at 56k up to 50% increase of my normal allocation then the price starts going down to 20k and sits around that area for up to a year, and I ended up not buying enough bitcoin at those other lower prices to cover up my average buying price, then I think my front loading has a negative effect on me, but that's only if I stop my DCA buying cause I'm sure I would cover up and balance later, but for this example l would use a year buying average.

You cannot really know, but yeah, sometimes you will be negatively affected by having had decided to front-load, but you could still have a back-up plan that allows you to continue to buy, even if the BTC price moved against you... There are times that the BTC price goes up and it never corrects back down, and so guys who front-load at those points are well served, but they cannot always know how their BIG play would turn out.

Think about anyone who bought a decent amount of BTC in late 2020 (between $9k and $14k).. the BTC price had already recovered from a $3,850 bottom from March so the price was in the 2x to 3x price territories above its then low, and if they front-loaded their investment, even though the BTC price was relatively high, they would have done quite well, even when the BTC price corrected back down to $15,479 in late 2022, those lower prices have so far never been revisited, and I surely am having doubts that anything below $25k is ever going to be experienced again... and opinions can differ and also time will tell if such lower prices will ever be revisited, and we cannot even be sure about where we are at right now.. so we should be attempting to prepare for either direction, but there still could be guys who have already front-loaded in the $38k to $45k prices, and there could be some guys considering currently about whether or not they should front-load at these prices, which may or may not end up working out positively for them,

and not everyone even has options to front load, because you usually have to have some level of extra money that goes beyond your regular DCA and maybe even some kind of a lump sum could be possible, and sometimes people will come up with ways to raise money in order to engage in front-loading, which may or may not involve leverage (and I surely don't recommend leverage in terms of basic techniques, but some guys will do those kinds of things and their actions may or may not end up paying off.. and usually it is better if you are going to exercise that kind of a technique is to have abilities to keep buying if the BTC price moves against them, meaning if it goes down rather than going up.

By the way, your mentioning of the BTC price going down to $20k and stay there is quite unrealistic, but it would not be as unrealistic to go down into the $30ks and stay there for a decent amount of time - but at the same time, we have so much damned ongoing buying pressure that it seems a bit problematic for those negative themes to play out, even though anything is possible. and maybe right now going into the lower $40ks is even starting to seem unrealistic, even though there could be some scenarios in which lower $40ks and even into the $30ks could play out.. but gosh it is seeming that the chances for less than $30k bitcoin is starting to seem quite fantastical except maybe either a flash crash or if there were some kind of real BIG surprise event (like a blackswan.. and yeah, blackswans do happen, even though they are not very common - or they shouldn't be).

Quote from: teamsherry on February 27, 2024, 10:15:13 PM

But if I front load at a lower price of 35k or 25 ealier, or let's say I did start my investment with a front load of that same percentage and the price later soares above up to 56k then my buying average would be lower and a little to my advantage.

Those kinds of cushions can make BTC HODLers feel real good, and if they are not selling, then that could either be described as paper wealth or even can cause the wealth effect.. to make people feel more wealthy than they are, merely because their investment (BTC in this case) is decently in profits.

Quote from: teamsherry on February 27, 2024, 10:15:13 PM

All I want to understand is, is it advisable to front load at specific price that are lower than the last months ATH, let me explain it better,

Let's say last month all time high was about 40k, and it's all time low was about 35k or 20k, then it happens that in the next month the price falls a little lower than 40k tonabout 36k or 37k, do you feel that front loading on those kind of price changes would be a kind of good approach to reduce my average buying monthly cost even more.

I know well about the risk that the price could still go against you, and I should be ready for that.

Of course, we would like to lower our average cost per BTC, but I am not sure if it is a very good idea to get overly focused on that metric.

Usually when I think about front-loading, I usually try to consider the extent to which any of us is adequately prepared for UP. So you front load in order to prepare for UP and to prepare for the possibility that you might not be able to get BTC prices at these prices in the future. How much you front load is another story.

When you are talking about various points that you would want to buy on the dip, I don't consider that front loading, even though you could be saving large amounts for that, but you are instead structuring yourself and/or holding back some of your money in order to buy on the dip, if such a dip happens, and so a risk is that such a dip does not happen, so in that case, you have to be ready to live with the price going up rather than down and the dip that you had been waiting for does not happen, so you are unable to use those funds that you made available for buying on the dip.

In the end, you can call the money whatever you like, even though I consider front loading money that you have right now. and you are considering buying right now to prepare for up.. .and yeah, you might have done that in the past, but once you had done it, then your subsequent buying behaviors and plan might get somewhat structured around actions that you had already taken.. which might cause you to be less anxious if the BTC price moves in your favor and causes you to be more anxious if the BTC price goes down rather than up.

So yeah, you are always going to have those three categories of funds of DCA, buying on dips and front loading.. and front loading will only come available if you have extra money come available. .otherwise you are just allocating to DCA and buying on dips...and yeah, if you choose large DCA or small DCA then that is going to result in your having had prepared more in one direction or the other.. lower DCA then you are preparing for dips and larger DCA then you are frontloading.