Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
JayJuanGee
on 27/03/2024, 20:10:09 UTC
I agree with some opinions about DCA where there is nothing you need to think about other than your focus on buying Bitcoin on an ongoing basis where you buy BTC regularly every week. No need to do it aggressively but just adjust it to the same budget as you did for your first purchase. With DCA, you don't need to worry about the price going down because while you are still in the accumulation stage, the price drop is a big enough opportunity to continue buying Bitcoin.

You can focus on investment targets every year because I have implemented this where the first year goes quite smoothly and that way we can focus on the following year. Bitcoin can change your life if you are smart in investing in Bitcoin. The meaning of being smart is holding it for the long term without being burdened by thoughts that haunt you.
Even a guy investing $10 per week since October 1, 2013 might feel that he does not have enough BTC, but he is in a real good place, since he had invested nearly $5.7k and he has nearly 7.1 BTC.

And the guy investing $100 per week over the last 6 years does not have as many BTC as the guy who started in 2016, but he is in a better position for having had invested into BTC, and he invested $31.4k and he has nearly 2.54 BTC.. still not a bad place to be, but he might feel that he does not have enough, and he likely is not going to catch up to the guy who started in 2013 with only $10 per week.

No one can really tell us where we are going and how long it might take for any of us to feel satisfied with our BTC investment, even thought there surely remains quite a bit of potential value in getting started sooner rather than later, and with the passage of time, BTC's investment thesis is not getting any weaker.
It is the essence of the focus with which they are able to achieve satisfying ownership in the journey they undertake. There are no obstacles for us to follow the steps that people have done before we started. They are determined to continue buying and regardless of the price they have a focus on continuing to accumulate Bitcoin. Apart from that, if for now it is of course $10 per week we need a lot of time to reach 1 Btc which means we need to make 6870 purchases if I calculate it at the current price.

But it's just a matter of time because if we increase to $20 it will certainly be faster to reach 1 BTC. But previously I said that we invest in a relaxed manner without any burden on our minds, so in these words we only need to be consistent in making purchases every week.

Well of course there are advantages in being more aggressive and also as aggressive as you are able to be, but if you are ONLY able to invest $10 per week for the next 10 years, you would have had ONLY invested $5,200 after 10 years and you are not going to be coming even close to accumulating a whole coin... yet there is no need to think in terms of whether you can get a whole, coin and you have to attempt to be realistic within the terms of your own personal circumstances.. including finances and psychology.

A similar thing was true 10 years ago.  Bitcoin had a much worse reputation and likely a way weaker investment thesis than it does right now.. except for those who really were either luckily in the right place at the right time or they were able to some how figure out how to start to get their hands on BTC.

Surely bitcoin is more available now days, but there are still a lot of folks who have hardly any clues about bitcoin  or about how to get bitcoin within their own country.. and trying to figure out where there might be some channels to get BTC within their jurisdiction... so then one thing is if the BTC is available and then other thing is to be able to set aside whatever they are able to do.. and yeah, that could be $100 per week or it might well be in the $10 to $20 range, yet we cannot expect them to be able to invest more than they are able to, even though there likely are a lot of ways that normal folks (normies) can begin to arrange their finances in ways that they have more disposable income in ways of either increasing their income or lowering their expenses.