Quote from: Troytech on Today at 05:51:40 AM

Quote from: JayJuanGee on Today at 02:50:41 AM

[edited out]..Now if you are mixing your actions by buying and selling (in other words trading) then that is another story, but if you are strictly buying, then you have a dynamic that either your holdings are continuously going into less and less profits (in a bear market) or you have the dynamics that your holdings are increasingly in profits (in a bull market).

I highlighted a paragraph out, I've not been mixing strategies, I've been buying but I always thought we have been in the bear Market and I have also expressed myself in terms if us beign in the bear market but right now I feel my perspective of what a bear market or bull market is shattered, so I think it would be fair if I could explain more about it.

I already explained and probably overly explained, and so you need to think in longer timelines. In essence, we have been in a bull market since November 2022, and I give little shits about what others say about the various corrections along the way. The market does not change back and forth.

on the other hand, we could fairly assess that we might not have had realized that we were in a bull market until either mid-2023 or even as late as October 2023, but surely at some point, we would have or should have realized that we were in a bull market rather than a bear market since November 2022.

Bull market is that the price is generally trending up (even if there may well be short or long periods of corrections in between).

In other words, you cannot be flipping back and forth, and clearly even if we were in a correction in December 2023.. who gives any shits.. we were still obviously already in a bull market, even if there was a correction.

People frequently get confused by the short-term and/or overly obsess about the short term.. and especially if you already stated that you are planning to invest for a whole cycle, then there seems to be almost no reason to be getting worked up about various short term moves.

Of course, any of us still wants to try to minimize his cost per BTC, but there is ONLY so much that we are able to do about those kinds of things, especially if we are new to bitcoin and still building our stash...

As I already mentioned, if you have been buying since December (or even in the past 16 months) the value of your holdings are generally in profits, and I am not even proclaiming that you are not faced with any dilemma, since when BTC is in this kind of bull market, there may well be a lot of advantages to front loading and investing as much as possible earlier rather than stringing out purchases, but at the same time, if you are new to bitcoin (and/or investing), you may well not have much if any choice based on how much (or the lack) that you have in your own finances to be able to dedicate to BTC purchases.

In other words, there are some advantages, towards buying when the BTC price is going down rather than when it is going up.. but you cannot really affect those kinds of situations. You have to play with the cards that you have, and figure out what you are going to do and how you are going to deal with the current dynamics as well as future dynamics that are not really known very well until after they happen.

Quote from: smelody on Today at 06:05:50 AM

If you have a lot of money you could invest by HOLD.

There is no such thing as invest by HOLD.

Before you can HOLD, you have to buy first, which entails thinking about the various ways to buy. DCA, lump sum and/or buying on dips.

Quote from: Negotiation on Today at 08:23:43 AM

Quote from: JayJuanGee on Today at 04:33:52 AM

Quote from: Negotiation on Today at 04:23:42 AM

Quote from: JayJuanGee on Today at 02:50:41 AM

~snip~

Investing for 16 months is not really wise for me. Because here it is possible to make profit only by planning and investing for 16 months, it may not be correct, many times I think some part should be invested regularly. It should be planned to invest for a period of at least 3 to 5 years so that no matter what stage the market goes through, the investment will continue and the profit will always increase.

You are reading me out of context. I was talking about anyone who may have been investing in bitcoin in the last 16 months has been investing in a bull market, and even if you have intentions to invest longer than 16 months, there surely are quite a few forum members who are participating in this thread who started in the last 16 months.

No, I read your context carefully and shared my experience. Roll Eyes

No need to say more then. I already stated how I consider you to have had either misunderstood or misframed the context. I still believe that you misframed what I said, even if you might have had understood what I had been attempting to communicate.

Quote from: Negotiation on Today at 08:23:43 AM

Quote from: JayJuanGee on Today at 04:33:52 AM

Furthermore, your forum registration date is coming upon 5 years, so maybe you are getting close to 5 years of investing into BTC.?

Chapter 1.
Well to the point of old times, I saved some Bitcoin(meaning USD not full Bitcoin) and traded on the Binance platform and won some trade then my balance was around $3k. badly said that my Binance account was lost with $2500+USD in BTC pair. I can not recovery this account.
Chapter 2.
Since I got married, we have been very separated as a family. Our family refused to accept us because of our love marriage. I now spend the BTC I earn to meet my family's needs, where I can't save a bit even if I want to. But I want to save a bit if possible consistently.

Well.. too bad about chapter 1, and the reality of the matter is that the dollar and BTC is different. So yeah, you may well have your local currency, so you may well feel some value in holding dollars, but the dollar is still inferior to holding actual BTC, but you still have to be able to hold it .. and of course, I frequently recommend a timeline of 4-10 years or longer in order to be an investor, otherwise you are merely trading in BTC rather than investing, which is your choice.

Regarding your Chapter 2. If you do not have any disposable income, then you are not in a position to buy BTC, so that is too bad for you if you know about the value of BTC but you are still not able to set aside some of your value to invest into bitcoin for 4-10 years or longer - and your family's life may well be in a better state down the road if you were to be able to follow some kind of an investment plan rather than spending everything that you earn as soon as you get it.. even if you are ONLY able to invest $10 per week or so.. it is better than nothing.. but again your decision in regards to your own situation in regards if you are actually able to accomplish any such investment based on your own circumstances.. and I would think that if you are a member of this forum (who is actively participating) then at least you have some knowledge about bitcoin.. which puts you at some advantages over members of the regular population.

Quote from: letteredhub on Today at 09:14:47 AM

Quote from: Neobanks on Today at 01:09:32 AM

Considering the flutuation in the present price of Bitcoin there may be expectable more declining in price, although it's not certain but it seen to happen and if this happen those that are in rush to buy Bitcoin now may still regret for not waiting for minimum decline before making the investment. However, the present decline may be an avenue and the opportunity for those that were not financially able to invest at the high price of Bitcoin to invest and accumulate more Bitcoin as much as they may possibly afford with the expectation of a near future appreciation of Bitcoin price.

Thats where the deception and the statements of "had I known" usually arises as a result of the thinking that the market will continue to dip to a certain point before we can then start buying and we end up failing to buy because the market as a speculative one later disappointed us of our expectations and dis the opposite by rising to a new price level unexpected. As a holder with a long term DCAing strategic plan as the market dips at each level that's how we should continue to buy if the money is available, we keep DCAing with each deep instead of waiting for it to get to a certain dip before buy, that idea is a wrong attitude and should be eliminated. Buying the dip doesn't have any price depth it is for us to keep buying and holding as it dips so that when the bull run takes flight we make multiple levels of profits from each point of the dip we bought (DCA) at in total.

It seems that I agree with what you are saying letteredhub.. especially if you are suggesting to buy at various points of the dip rather than trying to overly strategize and then miss out on buying the dip... so yeah if you are in buying mode, then many times you are going to end up buying the dip and it will keep dipping and maybe at some point you will also end up running out of money to keep buying the dip, so then at that point you might have to HODL through the situation until maybe you have more money come in.

I will say that your part about being in profits seems fairly irrelevant.. Sure it is comfortable to be in more profits, but in the end, it may not make big differences whether you are buying BTC on a regular basis or if you have had gotten lucky to buy some extra dips, because if we are investing for the long run we will assume to be in profits at some point, and then the level of profits begin to build and compound upon themselves, and that is where the real value comes rather than a simple assessment of happening to be in profits.. being in profits is sort of assumed (though not guaranteed) after 4-10 years or more but then it just becomes a matter of how much any of us might have had accumulated when we might start to draw from our BTC.. while potentially still allowing the BTC to compound value.. and that will give us more long term options - including our abilities to more freely spend our other monies prior to spending our bitcoin, and sometimes if we have been in bitcoin a while we might not even need to spend much of any of our bitcoin because we may well have built up other sources of income in which we can spend from those other sources of income prior to spending from our bitcoin stash...

and another thing is if we have plenty of bitcoin then we might not even be concerned about shaving some off here and there along the way.. so we don't really have any urgent needs to sell a lot of our bitcoin at once, but we still are not bothered to sell some of it at whatever the going price might happen to be at the time that we shave off some of it.

Quote from: I_Anime on Today at 01:38:42 PM

But those that have just started their Bitcoin accumulation and those low coiners, would have to keep accumulating without thinking of taken profit yet. And it may take a whole cycle for such individual to be able to have accumulate alot of Bitcoin in their portfolio.

It will likely tend to take at least a whole cycle.. and it might take 2-3 cycles before some of the ones who are starting now will be able to be in a comfortable position to change their strategy.

Don't get me wrong, even after a whole cycle of accumulating bitcoin, there might be a sense of empowerment or even a sense that the ways of accumulating bitcoin might be able to be changed, but the focus still may well continue to be to continue to accumulate bitcoin, even if there might be some ways in which the already accumulated quantity of bitcoin might inform some tweaking in the BTC accumulation approach.

If someone is new to bitcoin, but is already coming to bitcoin with a lot of fiat resources, then that kind of a person might be able to more clearly stop accumulating BTC, even after just a few years of accumulating, even less than a full cycle.

See my 15 hypo examples that show various possibilities that vary based on investment timelines.