Quote from: Marvelockg on Today at 05:28:53 AM

Quote from: JayJuanGee on Today at 02:37:14 AM

Another thing is that we are at higher prices right now, so guys take for granted that these prices might be revisited again, even if the BTC price goes up, which may or may not end up being true.. We cannot really know with any level of certainty, so there are a lot of guys who just keep buying, and then maybe at some point they will have more luxuries to feel comfortable buying on dips and slowing down on their DCA purchases... yet most likely those kind of guys have to get to a certain stack level first and perhaps mostly be in profits (although the level of profits might not really matter so much, even though everyone feels better when they are in profits, but sometimes there can be some failures to appreciate the difference between simple profits and profits that have been doubled upon each other several times.. .. which is even a more comfortable place to be when such dynamics might be possible).

reading this is absolutely satisfying and rewarding. Their is a lot of advantages that comes when you've been able to accumulate a lot of Bitcoin in your portfolio and it even gets better when you are already in your profit and you're probably looking for a way to just top up your holdings, it's mostly at those point that deciding to buy with a single buying strategy or multiple of them becomes easy. You can easily buy during your comfortable dip at your own luxury unlike the new person that's just concerned about getting as much Bitcoin as he has the means to and might need to necessarily ensure that his emotions and plans are all in check while buying.

Frequently, I am trying to avoid pigeon-holing guys too much, yet I keep attempting to suggest that there may well be stages that guys should expect to go through, including that there might not be profits in the first stage because the emphasis would be accumulation of BTC rather than whether the BTC holdings are in profits, and sure if you are able to buy some BTC on the dips rather than the nondips (even in the first stage), then there could be attempts to front-load the investment during such dips.. if it is even worth it to try to figure it out.. so maybe figuring out if you are in profits or not may not really start to come until you are towards the end of the first stage, and so being in profits might just be a feel good thing that might not be really necessary to consider, especially in the first stage and especially since there is no selling that would be going on in the first stage.

1st stage - early accumulation - establishing good practices - likely involves 4-10 years (or more) of strict BTC accumulation. .mostly starting out with DCA and/or lump sum investing and optionally buying on dips to the extent that it makes sense to set up those kinds of extra buys without interfering with ongoing and persistent buying that may well be considered forms of DCA and perhaps attempts at front-loading the BTC investment to the extent possible - while setting up and following various kinds of practices to establish and maintain emergency funds/reserve funds/floats and other good financial/psychological practices

second stage - more advanced accumulation - perhaps involving another 4-10 years of strategic accumulation - becoming more aggressive and strategic in BTC purchases after having had been practicing in the first stage and getting well organized.. perhaps even starting to diversify more into other assets (not referring to shitcoins, but if you cannot resist shitcoins then maybe up to 10% of your BTC portfolio size could go into shitcoins, without cheating).. so maybe in the second stage a guy would more likely be in profits with his bitcoin, but the BTC portfolio still might not be necessary to be in profits in the second stage since there are no guarantees in bitcoin and also in this stage there is no selling going on, just continued BTC accumulation that might be less rushed than the first stage, yet perhaps more strategic accumulation since the BTC stash would presumptively start to become a larger and perhaps a larger and larger portion of his networth would be in BTC, and there can even be variance in terms of how much of a guy's networth would be in bitcoin as compared with other assets - to the extent necessary to diversify beyond dollars and bitcoin.. which most likely diversification might be starting to make more sense, but is not absolutely required since diversification in property, stocks, bonds, commodities, cash/cash equivalents are largely various other forms of holding cash. but then less liquid than cash but at the same time could be assets that would be more likely to spend prior to spending bitcoin - especially since part of the presumption of this second stage is that the guy still likely does not quite have enough BTC.

third stage - maintenance perhaps 4-10 years of maintenance .. that might involved both BTC accumulation and selling - which involves a presumption that the guy has accumulated enough and likely more than enough BTC, and part of the reason that he is justified and authorized to sell is that he has more than enough BTC and he has decent portions (perhaps a overwhelming majority) of his holdings in profits - more likely more justifiable to establish diversification beyond bitcoin and cash (if not already established),..perhaps even increasing standard of living and being more lose with consumption since the BTC investment is likely inevitably on track (by this time) to be reaching the fourth stage in the near future... presumptions of over accumulation and so there would be presumptions of profits in this stage, especially for the bitcoin that would have been acquired in stages one or two... and there maybe well be some coins that have a lot of compounding value and other coins that are still in more simple profits that are less than 100% profits.. and since there are no guarantees in bitcoin, we cannot completely characterize the level of profits of all of the coins or even the overall holdings in this stage... but the presumption would be at this stage the guy has assessed that he has enough BTC or even way more than enough BTC.. even though he is not quite yet at the fourth stage - but it appears that he is inevitably on-track to make it to the forth stage with either the passage of time or with continued accumulation, even though since he mostly has enough, there may be considerations that just time to pass in order to pass from this kind of a maintenance stage to liquidation at stage 4.

fourth stage - maintenance/liquidation maybe after going through three earlier cycles (or stages) -(which may well could have had taken 12-30 years), a guy might be ready to start to live off of his BTC entirely or to supplement other forums of income that he might already have and/or to set up various ways to draw regular passive income from his bitcoin whether it is regular time-based withdrawal or even price-based withdrawal or a combination of those.. and this may or may not mean that the guy has reached fuck you status... Fuck you status would be the ability to completely quit any kind of work, yet a guy would not necessarily need to completely reach fuck you status in order to consider himself to have had reached the fourth stage and wanting to start to draw upon his BTC to either supplement his income or completely replace it. Don't get me wrong, the use of the term liquidation does not necessarily mean that the guy sells very much of his BTC and it could well be the case that the BTC continues to increase in value faster than the rate that he is spending it.. absent some actual life situation in which he might actually have to liquidate his bitcoin rather than continuing to just live off it entirely or just to supplement his lifestyle... or even to use his bitcoin in forms of pristine collateral in order to generate income from it without necessarily selling it.

Sure some guys might get through some of the stages faster than other guys and some guys might take way more time to get through the stages than other guys, yet at the same times, guys have to go at their own pace and even realize that it likely takes a long time to get through each of these stages and they might not be able to be rushed beyond the means that a guy has available and in terms of his own measuring of where he needs to be in order to advance to the next stage, and I might even be unrealistic to be attempting to describe such stages as being as potentially being as short as 4 years, and even though they might consider that they will be able to advance to further stages, many of the newer guys here are mostly at various points of the first stage.. .and they sometimes might want to get into the second stage prior to their having had really accumulated enough BTC in order to change into any other strategy or into a more advanced stage that suggests that his BTC accumulation is either on track or perhaps even being overly invested into BTC in order to advance to the next stage.

Quote from: Barikui1 on Today at 09:04:42 AM

Quote from: Mayor of ogba on Today at 07:46:47 AM

Quote from: michellee on March 20, 2024, 02:14:49 PM

With this price drops, many investors have entered the market to buy more Bitcoin. However, some investors are still buying for small amounts because this correction can continue. Be careful when buying Bitcoin. Don't forget to analyze market conditions before deciding.

Bitcoin is a solid project, and I think there is no need to analyze the market before we can accumulate bitcoin because it might delay us from accumulating our bitcoin on time. That is why it is good to adopt the DCA strategy to accumulate bitcoin. With the DCA strategy, you will not have to analyze the market; you can accumulate bitcoin anytime your fund for DCA is readily available, and you can even accumulate bitcoin when the price is increasing or decreasing.

Actually I also don't think it's necessary to be analyzing the market as a long term investor, so to me the deep in price of Bitcoin is an opportunity for an aggressive buying, regardless of the accumulating strategy you are utilizing, wether DCA method or lump sum, as long as your buying aggressively doesn't affect you in financing your basic needs, because I believe that Bitcoin investment is more rewarding to a long term holder, so it's pointless analysing the market, which to me is meant for traders, not investor like us that think long term only.

For sure, guys who are in their first stages of investment should not be wasting their time trying to analyze the market, even though they can study it and try to learn about it... but the main thing is studying and learning about their own finances and psychology in order to figure out how much bitcoin they are able to buy. .. and then on the side, they can learn about bitcoin, but guys should not be delayed in their investment due to their trying to figure out this or that thing about bitcoin's short-term price directions that may or may not end up playing out.

Quote from: Justbillywitt on Today at 09:14:24 AM

It is important for investors to continue with their DCAing of bitcoin and also very important to know when to utilize the other methods like buying the dip. As an investor who is in for the long term investment, we left with different methods of buying bitcoin and we have to know when to effectively utilize them. Bitcoin was at $73k and suddenly dropped to $62k, an investor who understands how things work should know that this was a reasonable dip and at this point utilize the strategy of buying the dip with the money that was already set aside for buying the dip. It is not just enough to the strategies that are being taught here, but knowing when to apply them it's the most important, because if you don't engage with it, it won't profit you.

DCA also covers you for buying the dip in case that you don't have extra, you just keep buying and yeah, maybe you saved some extra for buying dips, but the main thing might be that you just keep buying since you don't really know how long the dip will last or how low it will go.

Quote from: Callido on Today at 04:42:56 PM

Buying aggressively does not have any concern being a newbie or not, first of all it depends on our understanding about Bitcoin and it's accumulating system. A person who understands Bitcoin investment, be it a newbie or not as long their is basic knowledge about Bitcoin one can decide to buy aggressively and it still won't have any effect on his personal life. Everyone is optioned with strategies and initiates them in a way it suits their want, people also prefer combination of two or more strategies since the whole system is to hold enough Bitcoin as to make good profits.

You are not wrong.. but you have chosen a strange way of expressing this idea of "hold enough Bitcoin as to make good profits"

Thinking in terms of profits sounds like short-term trading ideas, and yeah, we will presume that we are likely to be in profits with our BTC after several years of investing into it... and that our BTC has given us more options. .perhaps not losing value as much as if we were to keep the same value in other kinds of fiat-based investments.

Quote from: adultcrypto on Today at 07:11:42 PM

Quote from: Miles2006 on Today at 03:59:48 PM

Having the money to buy using the lump sum strategy as a newbie still doesn't change the fact but rather I will go with the dca strategy at first cause I still have a long way to go with accumulating bitcoin and as time goes I can increase.

I am being compelled to ask you if you bought your first ever bitcoin using the DCA method or the lump sum method? I have the feeling that the answer will be lump sum and this is the same with most of us when we started. It is now we have learnt the DCA method after we are already involved in bitcoin, therefore we have seen that it makes the buying process more systematic and organize and also give us the easy of decision making by eliminating most of the variables that make people procrastinate or miss opportunities. There is no doubt that the DCA method is great and so is other methods provided the plan is to hold for long term.

DCAing and buying on dips can be great supplements for anyone who had started out with lump sum investment, especially if the BTC price moves against them after making the initial lump sum investments.

Quote from: $crypto$ on Today at 09:31:28 PM

Quote from: Moreno233 on Today at 09:19:24 PM

Quote from: Mayor of ogba on Today at 04:49:03 PM

I think anyone who is accumulating bitcoin for the long term should not concentrate more on the pumping of bitcoin, because you will be holding your bitcoin for at least 4–5 years. Your main focus should be on how you will consistently accumulate the quantity of bitcoin you want to hold within the time you set aside and also hold it until the year you want to sell it.

This is just the summary of the whole thing. Instead of the back and forth argument of which buying method is best and which is not, just accumulate Bitcoin, save it properly and give it time to grow. No one will care if you bought all your Bitcoin once or if you bought it in several stages, as long as you have a good stash of Bitcoin which you collected and preserved for the long run.

What I have come to understand is that when the investor have a target in terms of quantity of Bitcoin he is working towards having, it will better influence his buying pattern and how aggressive he will become. For instance, an investor who set target of 2BTC in five years mostly be more aggressive than another investor who have no target. I think setting targets in terms of the quantity of Bitcoin to achieve, should be highly encouraged.

Setting a target of how many BTC you have is good because you will have confidence that it can reach the goal by any means, including DCA and DIP all means are done to accumulate bitcoin until they are satisfied with the results they have.

Actually this will not be easy considering the expensive price and then with your financial stability for the next few years because it must also be considered, don't let you focus too aggressively on buying bitcoin at the beginning but after running half of it you have problems and don't have an emergency fund then it will cut the btc you have, so the initial concept will break because there is no emergency fund.

You cannot really control how many BTC that you might be able to get, so you can ONLY have some kind of ballpark idea about how much BTC you might be able to accumulate, but you might have some ideas about how much you are able to spend on buying bitcoin based on your disposable income.. so you might have some ideas that you might want to invest as much as you are able to, which might be $500 to $1k per week - especially if you expect to be able to accumulate 2 BTC in 4-5 years (and even that might not be enough if you consider that $500 per week is $26k per year, which would be $130k in two years, which might not even get you two BTC.. but it might potentially be in reach.. and doubling it to $1k per week seems to make it more possible to reach)... we could not necessarily consider the BTC price to remain flat, but we could attempt to project out how much fiat we believe that we will be able to invest... and we have to attempt to be realistic in terms of how much we will be able to earn and invest and how many BTC that might get us.. and we can surely project it out, even though there are going to be several unknowns that we would try to estimate to the best of our abilities.