Quote from: EarnOnVictor on Today at 08:21:46 AM

Quote from: bestcoins1 on April 25, 2024, 10:25:34 PM

Quote from: Proty on April 25, 2024, 06:57:44 PM

It all depends on the amount of bitcoin the person has accumulate over that interval of one year before you begin to talk about making of profit. If u do not have a sizeable amount of bitcoin in your portfolio you cannot be able to make this profit you are talking about ,especially if you are doing DCA it will take you time to accumulate a reasonable
amount of bitcoin.

The method of collecting Bitcoin to get a larger amount varies from person to person, although the one we see most often now is to use DCA with a certain target time period. Because to achieve a bigger profit target, you definitely have to have a fairly large amount of Bitcoin ownership and that cannot be denied by everyone. That is why most people always pay more attention to their Bitcoin holdings portfolio than others because in Bitcoin everyone can make a profit as long as they have enough patience in collecting it and also have a fairly large amount in their own portfolio.

I often see the term DCA in almost everywhere Bitcoin investment is mentioned on this forum but one thing people do not know is that it is relative and subjective, it is never a must. Do you know the situation where I use the DCA approach? They are listed below:

1. I use it when there is an obvious FUD in the market.

2. In a situation where the market has moved significantly up where the price is no more encouraging to buy but still do not want to miss out.

3. Finally, when the market is selling in a short-term correction but the overall bias is still of the bullish trend in the long-term disposition.

However, what is peculiar to all those conditions is that they lack certainty. I will not hesitate to use the DCA in such situations for at least to average my risk and the potential earnings instead of risking everything or being too greedy and daring.

Also, do you know the situation where I do not use the DCA approach? They are just two, and they are when there is better assurance in the market as seen below:

1. When the market is at the bottom level. Just like the condition of Bitcoin in late 2022.

2. When a bullish trend is fully confirmed.

In this situation, I risk everything, and since Bitcoin is a trustable asset, I have nothing to worry about and it has never failed me.

I mostly don't have problems with your approach, except it seems difficult for a lot of folks to figure out some of the market dynamics that you are proposing to be signals as to when to DCA and when not to DCA, and personally, I consider DCAing to be a method to accumulate a stake and to prepare for the possibility of more UP (even though no one really knows), but largely a person (newbie or otherwise) would likely have to both go by their perception of how many BTC that they already have in order to feel sufficiently prepared for more up in case it happens, and so with that kind of rationale there could be some perception that "I already have enough in case it goes up more", so even if the price is very high and seeming toppy, if a person has absolutely no BTC, then he has to get at least a bit in order to prepare for the possibility of UP, but he may well let off or ONLY engage in light DCA because in those kinds of situations there may be senses that the price is too toppy, and not even expiernced bitcoiners know those kinds of things, and in 2017 we had BTC prices that had gotten in the ballpark of 14x higher than the 200-WMA, yet in 2021, the BTC prices ONLY got in the ballpark of 3x-5x higher than the 200WMA (and the 5x was in the first 2021 price peak and the 3x was in the second 2021 price peak even though it was higher in absolute terms it was not higher relative to the 200-WMA)..

So yeah arguments could reasonably be made that BTC prices are not going to reach such relatively high levels as they did in 2017, and so far this recent price peak they have ONLY gotten a bit above 2x higher than the 200-WMA. (you can check the historical price differences on this website).

Maybe part of my point for the newbie would be to do DCA no matter what for a full 4-year cycle, but maybe if there might be some obvious signs of tops to lessen the amount of the DCA amount, even though that lessening of the DCA amount might not even be justified if the person is already not holding very much BTC..

So personally it seems to me that your suggestions of turning DCA on and off EarnOnVictor does not really seem to account very well for issues of already existing BTC stash size or even having some built-in assumptions that normies might be able to figure out when the BTC price is UP or DOWN - even though some times the signs seem kind of obvious, but even at times when the signs seem obvious, the BTC price ends up doing the opposite of what would be expected based on the seemingly obvious signs (especially in the short term), so we (or at least an overwhelming majority of normies - especially newbie normies, which should be a group that we are attempting to account for their needs to learn) might not really be able to identify the obvious until it had already happened.

Quote from: AirtelBuzz on Today at 10:00:20 AM

Quote from: boty on Today at 03:19:57 AM

What we will get is that someone who starts investing now will of course still be able to get a profit from the investment they make because I am very sure that the price of Bitcoin will continue to increase in the next few months.

No one can say exactly how long it will take for the price of Bitcoin to rise. But we can all say with certainty that Bitcoin price will increase in the future as a prediction. Those of us who invest in Bitcoin invest with specific goals and hopes of making a profit.

We cannot say that the BTC price witll certainy go up in the future, even if it seems that it has a strong investment thesis. We can say that for sure if we do not invest with leverage, then the most that we will lose by investing in bitcoin is 100%, but we have decently good chances of being able to put ourselves in a better position by investing into bitcoin rather than not investing into bitcoin as long as we figure out some way to balance that we do not overly invest into bitcoin,

but that there are some reasonable justifications to attempt to allocate aggressively rather than whimpily, even though historically sometimes even whimpy investments into bitcoin have ended up paying off quite substantially for those who either purposefully or accidentally held for many years.. or maybe just kept investing relatively whimpily over many years and then ending up with a fairly large value for their bitcoin holdings at later dates - so in some sense, even if the upside potential for bitcoin is likely not as great as it was in the past, bitcoin retains one of the best, if not the best investment thesis amongst various assets that individuals might be able to gain access.