In the last 6-9 months, we had a lot of folks waiting for lower BTC prices, and they kind of got fucked and they might have been better just to keep buying as their paycheck comes in... or however they are authorizing their BTC purchases.
If you go 9 months back from today then in Jul 2023 price of Bitcoin was around $30k and it went down to $25k in Aug and Sep 2023. That was kind of ideal price for Bitcoin accumulation. The point is not many are willing to buy when Bitcoin is down and when Bitcoin price went high they start waiting for price to come down and this cycle keep on repeating.
and these guys are not making mistakes by being aggressive prior to the BTC price going below the 200-WMA because no one would have been speculating that the BTC price was going to go so low and to stay there for so long. But it did.
This is quite right. No one of us can predict what price of Bitcoin will be in coming weeks or months. It's best to set some target value at which you will buy or sell because we don't know what exactly is price is coming weeks or months. Today price is $70k and what price will be month after we don't know.
200-WMA is good indicator for us to make a decision about when to buy. When 200-WMA and spot prices are close then it's good time for accumulation.
You still have to figure it out, and you have to figure out how to use the tool to your advantage. I surely am not recommending guys start to use the tool when they have not stacked enough sats and when they have not over accumulated BTC. So guys have to come to a kind of over accumulation status when they start to use either the basic aspects of the selling portion of the tool and especially if they are going to use the selling in advance portions of the tool... A guy could end up selling way too many BTC too soon if he does not even have enough BTC in the first place.
https://bitcoindata.science/withdrawal-strategy is not loading data at my end. Is it only me who getting this error or you also can't see the page not loading the data.
Yeah, but if you did not have any BTC, then how are you going to know to wait before you buy?
Even if you started buying
$100 per week of BTC on December 19, 2017, by now you would have had invested $32,700 and you would have accumulated 2.66 BTC (currently worth about $186k), so you would be right around 5.7x in profits... so there is no reason to be greedy or to be trying to second guess these kinds of matters. The main thing is to get the fuck started and to establish a position, and surely a guy with 2.66 BTC is in a good place right now, but he still might feel that he does not quite have enough and he might feel that he needs to continue to invest at $100 per week or maybe even to be more aggressive in his weekly DCA amount.
It was mid of 2017 that I first came to know about Bitcoin and it took me few years to buy my first Bitcoin and only a year ago I got mature enough to know that real benefit of Bitcoin is in DCA. I am DCA now and it will take me few years to get adequate number of Bitcoins.
https://dcabtc.com tools provide previous data that motivates us to invest in Bitcoin in DCA manner.