Quote from: FanEagle on April 11, 2024, 06:59:55 AM

Quote from: Sexylizzy2813 on April 01, 2024, 10:19:50 AM

Quote from: Hamphser on March 28, 2024, 08:19:31 PM

One of the most common behavior of people is that on the time that when they are seeing price rally on which on the time that it did break up Bitcoins ATH then they would really be having that kind of boost of feeling or emotion that it would really be able to break 80k easily without even trying out to reconsider that there would really be corrections after a pump. It wont really be that a smooth sail ride just like on what
thsoe people been anticipating. Come to think that we arent still on a bull run yet. Yes, its good to see that we are watching BItcoins price to hit up or break those ATH but we arent really that too farm off.
We could really be able to see up into technicals that its already overbought on which anytime it could make out that kind of correction on which it did really happen.
Dont tend to raise up your hopes that breaking 80k would be simple but of course this one is inevitable since we arent still on bull run yet.

That's how I felt when the price of Bitcoin was running very fast and it was as if the next day we're going to see a very different amount that's even more than $80k. I think the over excitement happened because of the joy of seeing it hit a new ATH and we were expecting more, everybody likes to be on the profit side of business.
We knew there would be corrections but the market flow was on the positive side and it made many to forget it won't last for long. This time around the price has gotten to the stage where some of those holders would feel they had lost but I believe another movement is getting ready to hit $80k or even more.

Profit is good but we shouldn't disregard the possibility of losing, so that we can slow down. Having this attitude is what makes us to be more successful. Market is unpredictable, that is why some times the rise continues for quite a long time but we should not be confident about it.

From my perspective, newbies seem to become too overly obsessed with short term profits and not considering how to stack a sufficient quantity of BTC for the long term - which surely may be one of the danger points in having a thread that focuses on the road to $100k.. since what is so important about $100k anyhow? $100k is just an intermediary point.. Yeah, there may or may not be resistance there. Sure we did not make it there last cycle, even though many then BTC HODLers were considering it to be nearly a shoe-in (including yours truly), yet don't get me wrong, even though some of us thought that $100k had pretty high odds last time around, having that view would not necessarily mean that we are taking any actions much differently than we did when the top of last cycle ended up being $69k rather than $100k... ..

yeah, sure if anyone actually knows the price they can trade on that information.. but people do not really know, so just buying and holding seems to be what most people are doing at these prices or anywhere along the road to $100k and beyond.. Most people should just be buying, since most people do not have even close to enough BTC.. yet at the same time most people do not know it.. even the traders who think that they are going to be able to increase their BTC stash by selling rather than the most assured way to increase your BTC stash is by ongoing, persistent, consistent and perhaps even aggressive buying of BTC.

Quote from: FanEagle on April 11, 2024, 06:59:55 AM

We must remember that there is what we called corrections and other similar events which makes the price goes down. Hodler means they are already holding for a long time and the price rise greatly last time. If there are corrections that we experience that is only small and as you predicted, there is still more rises and recoveries to come, so they shouldn't feel bad.

Overall, we should consider that BTC's price is going up. It is just a matter of having a perspective that is long enough so that the shorter term volatility does not distract from an overall understanding of the likely price direction.

Quote from: Kwarkam on April 11, 2024, 01:53:36 PM

Quote from: Tmoonz on April 11, 2024, 01:17:06 AM

Quote from: Kwarkam on April 11, 2024, 12:38:50 AM

Quote from: JayJuanGee on April 06, 2024, 03:11:25 PM

I do find it problematic for members, such as you Tmoonz, to continue to conflate the terms of lump sum buying and buying on dips, since there are meaningful differences in the concepts and the practices and the reasons why someone might lump sum invest versus buying on dips... In other words, there is no need to refer to some form of buying on dips as lump sum merely since you might be buying more BTC than what you would usually buy...

The idea of lump sum is having some amount of BTC that you are holding right now (whether you got it from surprise source or you made such amount available to you by moving it from some other location or if you take out a loan), and you decide right now in regards to how much of that amount that you are going to invest right now with that amount that is currently available to you... so that amount that you would use to buy right now is not necessarily connected with whether or not there is a dip, but instead connected with your own decision regarding how much of that amount that is available right now that you want to use to buy BTC right now in order to prepare for UP that may or may not end up happening.

Anyhow, the main thing I am continuing to suggest is that lump sum and buying on dips is different.

If I got this right, then lump sum is actually an extra amount of money, maybe outside your DCA, an amount that you recieve and you put into btc investment at once. I'm not sure if I said that right, but I'll continue to rephrase . What I understood,is this, lump sum, is the strategy where the entire amount of available funds is invested immediately into Bitcoin. For example, an investor is using the DCA method, and let's say his allocation ( assumptious figures) is $100 weekly, and he inherits or by some means gets $10,000 , and he invests it all, that is lump sum.
Right?
That means all the available cash has been invested. Or simply put this way, deploying every available capital to invest. Sometimes, it may not be to that extent though, but investing an amount that is considered of good value, all at once. I think that last part best fits your explanation. An investor , recieves a certain amount of money, and decides to invest with it, outside his DCA,and the investor decides what amount of the sum he received to put into his investment at once, that's lump suming. This has nothing to do with the times at which you buy, dip or no dip.
And buying at dips just simply put is just the practice of buying at those price declines.
I think I got you, Jay.

Yes the idea of the lump summing has much to do with the investor decision in terms of the available huge sum that he /or she decided to use and make a sizeable purchase right away without considering any market conditions whether there is a dip or not . However, it a strategy on it's own that are some time use as an upfront investment strategy which does not make it compulsorily that you must have been have been using the dca strategy before you could use the lump sum, although the combination of both can actually give an investor a better result in terms of his/ her investment goals and objectives by maximizing every opportunities in the market.

Yes, but then what else is there to know about lump suming, except for what it means, let's use this opportunity to debunk this.
Investing a lump sum means that you don’t have to try to figure out the best time to make periodic investments, which is good. I realized that people tend to panic and sell off their holdings when they try to track the market, lump suming takes off the burden of monitoring the market for dips so that you can buy Bitcoin. "The price you pay for the investment(s) may be high or low. If you invest when prices are high, you run the risk of incurring a loss if you need to sell in the near term" to what extent is that true and practical.
IMO, DCA underperforms the lump sum strategy, If you assume that the assets you are investing in will increase in value over time (otherwise why invest right?), then it should be clear that buying now will be better than averaging in over 100 years. Waiting a century to get invested will not be kind to your purchasing power.
That is my opinion, but I'm open to clarification. I would also like your contribution @jayjuangee .

I hate to get in long discussions that repeat comparing DCA and lump sum, and surely there are a lot of advantages to lump sum, especially for folks who have options to employ lump sum, but if they don't already have lump sum, then frequently their best strategy will be to buy as aggressively and consistently with DCA as they are able to do.

Also if you have a salary that provides you an extra $1k per month that you are able to invest into BTC, then surely you could invest that at around $250 per week, or maybe you would hold back and ONLY invest $125 per week. If you also get a bonus or you have some funds that you have saved up or invested over the previous 10 years, then maybe you had already invested and built a portfolio that is around $50k in value, and so you happen to want to consider if you might want to get your bitcoin investment up to 25% of your overall investment portfolio, which currently that would mean a target of $12,500. Many times a person is going to be reluctant to cash out of something in his investment portfolio in order to add a new asset class (BTC), so he might just DCA into BTC until he gets up to his target allocation - and surely there is a bit of a moving target, but if for some reason he gets a bonus of $6k, he might choose to lump sum that into BTC or maybe to divide that $6k into three parts in terms of considering DCA, buying on dips and lump sum, but since he already has a fairly aggressive DCA in place he would then consider buying on dips and lump sum, and if he is concerned that the BTC price go up, he might choose to allocate most (if not all) of the $6k to buying right away since he might consider that his DCA already covers buying on dips since the DCA will happen every week and if the BTC price dips, then he will employ his DCA at that time. and so with his DCA he is buying whether it dips or not... and so maybe after 6 months to a year, he might have had reached his target level of BTC accumulation, by at least allocating 25% of he overall investment portfolio to BTC.

So then once he reaches his target allocation he may or may not readjust his thinking about BTC or maybe he just continues to invest into 25% BTC of his investment moneys and the other 75% into other investments, and if he gets another $6k bonus one or two years later, then he is thinking about where to put such money, so his decision about how to allocate might be different after he spent a year or two accumulating BTC, or maybe he ends up getting more bullish on BTC and considers increasing his BTC allocation to a higher amount, since maybe he starts to consider what his overall salary is and whether his investment portfolio constitutes several times his annual income, then maybe sooner or later he will start to be able to live off his investments, and in that regard, he considers that maybe BTC is the better of the places to invest, and he disproportionately continues to invest into bitcoin, yet ONLY after he had gotten more comfortable with it.

Not everyone is going to figure out their BTC allocations, and many times it will take 30-40 years or more to really build up an investment portfolio, yet bitcoin seems to offer opportunities that guys are able to build up in half the time as it might take them in traditional investments, but they still have to figure out how to manage their BTC investment in terms of both building it to a good size, but also making it stable enough so that guys do not get reckt along the way, since there are ways that guys could become overly aggressive and not sufficiently protecting their cashflows and their expenses so that they don't have to cash into their BTC before they had built it to a large enough size that they are ready to want to cross into a different way of treating their bitcoin (meaning they have not only accumulated enough, they have accumulated more than enough, which justifies starting to sell it rather than accumulating it).

Quote from: Jating on April 11, 2024, 07:51:51 PM

Another psychological element here is that you shouldn't tempted to sell, and should be looking at the long term prospect of your investment. So it will not be just months of saving, it should be at least a year, bear everything because in the end you will have a good ROI.

In bitcoin you should be thinking 4-10 years or longer. Anything less than 4 years is just playing the market (and playing short term price waves) and failing/refusing to recognize and appreciate the power of bitcoin as a long term asset that you should continue to build, even if the first 4 years might have a lot of volatility and even in the future there will be volatility too, but if you continue to build your BTC holdings you will be in a much better place to tolerate its volatility the longer you build your BTC holding size..

Quote from: kawetsriyanto on April 11, 2024, 08:40:15 PM

I think the buying time is already over. This time is for waiting the selling time (exit). We already have many dumps, most of us must already buy Bitcoin many times. The pump was also happened already, I think everything looks like as you predicted.

That is dumb to be buying and selling BTC.. when it is the best asset known to man and you are trying to play its price waves..

By failing/refusing to mostly accumulate BTC and fuck around with short term gains, you are going to have fun staying poor with mediocre profits as compared with strategies that mostly build their BTC holdings through many years.