Quote from: AirtelBuzz on Today at 08:34:28 AM

Quote from: Obim34 on Today at 02:58:32 AM

Taking profit from your Bitcoin investment is not something bad and worth debating since all purpose of investment is basically to get profit at the very end of investing. During this profit taking one should understand a simple terminology like this one, firstly who holds longer makes the best profits, then why collect profits too early if your goal as an investor is to make steady profits with your investment, taking some profits after separate cycles is not bad as per if the need for it occurs.

I can't agree with your statement because long-term investment in Bitcoin is not the only way to get profit. A lot of profit can be earned even by short term investment. Many times it is seen that many people invest in Bitcoin for a short period of time and earn a lot of profit. If you have a large amount of bitcoins you will be able to earn a lot of profit from bitcoins even with short term investments. Let me show you an example how to earn profit by investing large amount of Bitcoin in short term.

We looked at the crypto currency market in September 2023 when the price of Bitcoin was around $25,000 and if you bought 1 Bitcoin it would be twice (2x) what it is today. This clearly shows that this is not a long-term investment but an example of a short-term investment. If you were to invest in the DCA method at the same price at the same time let's say you would have invested $100 per week or month. Then the amount of your invested bitcoins would be 6 x 100 dollars in 6 months i.e. 600 dollars.

So if you have more amount of money then invest more amount of bitcoins and you will be able to earn more profit even if it is a short term investment.

It is short term if you decide to sell. Bitcoin can be whatever you like, and if you sell too much too soon, you might have wished that you had treated your investment into bitcoin as long term instead of short term.

Let's take a longer term example. Let's say that someone came into bitcoin in 2014 and spent a couple of years accumulating bitcoin, so maybe he accumulated around 50 BTC at around $500 each. So his total investment is $25k. So when the BTC price shot up to $2,000, he could not resist, and he sold all of his BTC, and so he ended up selling them for $100k, and so he has around $75k in profits... that is pretty good, right? He is still not doing as good as the longer term investor who still has the 50 BTC, and maybe the longer term investor has more BTC and his average cost per BTC is more than $500 per BTC.. we can imagine a lot of scenarios, and bitcoin has tended to be a good investment to hold onto for the long term, even if you might get enough BTC and you might want to shave off some profits along the way, you can still consider your investment as something that you mostly hold onto rather than converting into dollars and then ending up with dollars or some other inferior investment or maybe consumption good that you would be better off to have more BTC at a later price, even if your cost per BTC might end up being much higher.

Quote from: FinePoine0 on Today at 09:08:37 AM

It is natural for Bitcoin prices to fluctuate more and more, so investing in the DCA method controls the average price of Bitcoin.

That is not true. With DCA you might end up spending way more on your bitcoin and even paying way more per coin, but with DCA you are likely able to accumulate way more BTC over a longer period of time than you would have been able to if you had tried to lump sum or even to try to strategize by waiting to buy. So DCA helps you to potentially invest into BTC more aggressively over a longer period of time, and even if it might cost you more, you still may end up with more options, especially if you might front load your investment or you might be able to allow for the passage of several cycles.

Quote from: vokain on Today at 01:32:35 PM

Quote from: Dailyscript on Today at 01:14:24 PM

Quote from: vokain on Today at 12:14:13 PM

things we do in the short term contribute to the things we do in the long term

You should be more explicative when saying something like this. If you have a point, then prove it. Meanwhile, you are wrong, and this just isn't true in an absolute sense. Short-term investing involves investing for quick gains. This type of investment involves people who want short-term benefits. They are mostly seen researching and analyzing the market for short-term benefit; they wait for the perfect time that the price will go down before they can buy, and they also wait for the price to go up again so they can sell, and these patterns don't in any way contribute to long-term investment. Someone investing in the long term doesn't have to time the market; they don't have to do so much analysis rather than focus on a target of accumulation.

I see short-term investors as those looking for daily bread, while long-term investors are those with goals , targets, and financial visions. They can quit any form of enjoyment and merriment and bag lots of bitcoin because they believe that in the future they will be financially free when inflation and purchasing power catch up with those stacking fiat.

Is a long-term investor wrong for seeing a short-term dip as an especially good buying opportunity?

If a long-term investor has $100k cash to invest from say, selling a boat, and we're where we are now, will that investor be better off DCA'ing 5k every month for 20 months, or is that person better off buying $100k over a shorter time period?

The person has discretion how to do it, and surely could divide it into 3 parts of DCA, lump sum and buying on dip, and of course, he might allocate more to the lump sum portion. Most people do not have lump sums available like that, but if they do, then they should at least consider the three categories, and they may well end up front loading their investment in times like this, but they still might want to hold some back for DCA and buying on dip, in the event that they do not have other cashflow in order to buy in case the BTC price turns against them after buying at these current prices.