Quote from: sgbett on February 29, 2024, 12:22:43 PM

Pleased for everyone that is winning.

I'm still HFSP!

Still wouldn't change a thing

I am glad that you are happy for the bitcoiners, but what good does it do you to stick to your guns in regards to your purposeful failure/refusal to buy bitcoin?

And the big blocker nutjobs have just been shown to be disingenuine and/or disillusioned and you are happy with having had been in that camp, too?

Quote from: vokain on February 29, 2024, 02:20:47 PM

Quote from: Sim_card on February 29, 2024, 12:08:07 PM

Quote from: vokain on February 29, 2024, 11:43:11 AM

Too late for Dca this bull run. Fat finger green button

No time is late to DCA, as long as your are not a short term investor. Any new investor that is investing in a long term can invest now even at 62k price. This is because his average bitcoin price in four years time will balanced, because you are buying bitcoin both at low price and high price, this is one of the advantages of DCA. As long as you don't stop buying, the bitcoin that you will buy during the bear market will cover up these ones that you are buying now and a higher price above this. This is why no new investor shoukd be discouraged on the high price of bitcoin, and thinks that he can no longer buy and make profit. From the historical price of bitcoin, it has been observed that as time passes on bitcoin price increases which make it a good reason for new investors to use DCA method mostly. Don't focus on the price but have a target and focus on your target because it is certain that you will be profitable in your bitcoin investment, if you hodli for more than 4-6yrs.

I always tell new investors to invest immediately they have the money because it is better you start early to grow your bitcoin investment portfolio than waiting, because you think that the price is on the high side. There is inflation everywhere, and if you are to buy, a bag of wheat for $400, and due to inflation, the price increased to $500, and you can afford to buy it, and on the other hand, you were told that the price of wheat will go below $400 in six months time, will you say that you will wait till six months time to buy at a lower price because it will be cheap then, when you know that wheat is what you want now. Same with bitcoin if you want to buy bitcoin now and you have the money, it is better to buy it than waiting, because you are investing for your future and everyone needs an investment to live a better life in the future after we must have retired. Taking action is the best way to be successful, and not waiting, because you don't know what will happen tomorrow.

agreed. but in terms of profiteering, I would suggest people also try to make use of the patterns established in previous bull/bear cycles

If you are brand new to bitcoin, you are probably in a better position to just keep buying for a whole cycle rather than trying to fuck around with supposed patterns of the previous cycle. Once you get through a whole cycle, then you might be in a better position to try to play the cycles, but it still might not be a good idea to devolve into trading, but if you at least spend a sufficient amount of time accumulating BTC, then your position might help to inform you regarding what might be the better strategy going forward for the next cycle.

There might be some circumstances in which guys might have had heavily front-loaded their investment in the last two years, and they might be in a position to attempt to play the patterns, but it still could be risky.. and this thread is not really about playing the patterns on the way up, at least not in terms of selling... so it could be quite ambiguous what to do, especially if you have already concluded that you do not have enough BTC, and you are thinking of selling BTC in order to accumulate more, that seems like a potentialy problematic strategy, if that might be what you are suggesting?

By the way, vokain since you have been registered on the forum since January 2012, have you been able to beat a strict BTC accumulation and hold strategy? Do we need to show your numbers for something like a $10 per week for the past 12 years, you should be sitting quite pretty, no need to be accumulating more BTC.. but instead you are fucking around with trading and giving advice for guys here to trade?

In theory, you should have way better numbers than me, in terms of average cost per BTC, even if your stash (or the amount that you were able to spend) was a lot lower. You have two years of headstart, and we have come to realize that in bitcoin, time in the market is way better than timing the market, especially if you were mostly erring on the side of BTC accumulation rather than getting distracted.

I am claiming to have $1k per BTC costs... in theory you should be able to have lower than that for your overall costs per BTC. So why would there be a need for you to play the patterns of the cycle? or to be suggesting that as a strategy? because historically it would not have been a good thing to do. It would have been unnecessary, greedy and more likely to lead to losses.