Quote from: I_Anime on Today at 08:22:27 PM

Quote from: JayJuanGee on Today at 04:36:33 PM

By the way, I am claiming that my average cost per BTC is right around $1k, so yeah, I bought bitcoin cheaper and more expensive than that. I think that the lowest that I bought BTC was around $182.. but surely I did not buy very much because I had run out of money, and really when the BTC is dipping that low, sometimes we will run out of money, and I ran out of money for a lot of 2015 during the time that the BTC prices were in the $200s, and surely I have some purchases in the $200s, but really there sometimes can be difficulties buying when the BTC price is so low, especially if you already have a bunch of BTC and your costs happen to be way higher than the then current price.

You're right most time when the price drop , one may not have enough of money to Purchase more quantities during the dip . That's why most time I usually set some emergency funds for purchasing the dip . Despite all the tough time during yah accumulation journey, at the end it all worth it Grin

Technically you should not be using emergency funds to buy dips.. but you can use reserve funds. Yeah of course people call these things different things, but the idea of emergency funds is to have money to live and to pay for your expense if an actual emergency takes place or if you lose your income for some reason, you have a little bit of breathing space.

Reserve funds would be extra money, so you should never dip into your emergency funds for anything other than needing to live because you ran out of other money.

In my particular case in 2014 I had been buying all year long and the price dropped from $1k all the way down to the $300s, and then in January 2015, there was an extra drop and then the BTC price pretty much stayed in the mid $200s until about October 2015, but I was already running out of money in January and I had some other business related complications that happened in early 2015 in which some of my cashflow was jeopardized for several months - and so I was not able to buy bitcoin for a few months - even though BTC was relatively cheap then, but whenever I was able to get some extra money come in, then I would use half of it to buy bitcoin at whatever the price was and then the other half I had to put into my account for the expenses of the business that I had at that time.

So by the middle of 2015 I started to have a bit or normalization return to my cashflow, but then at the same time the BTC price started to slowly go back up at the end of 2015 - even though the BTC price got caught in an area of about $400-ish for nearly 6 months between November 2015 until May 2016... but my own cashflow was beginning to normalize again in 2016, and so it is a bit ironic how sometimes the cashflow problems can also happen at the same time that the BTC price is at its lowest, which was the situation for a large part of 2015.

There can be long periods in which you might not be sure if you should spend your extra cash to buy more bitcoin or to just sit it out, especially if you might feel that you have enough bitcoin, but there still can be some temptation to buy more when the prices are quite a bit below your average costs.. so it can be a bit of a dilemma...and seem to take quite a bit of time to play out, like you suggested.

Quote from: I_Anime on Today at 08:22:27 PM

Quote from: JayJuanGee on Today at 04:36:33 PM

Even if you might end up being correct that BTC is "in profits" 3-4 years down the road, your way of thinking is likely to get you into trouble.. but hey you can think how you like, but you are sharing incorrect information if you proclaiming that profits in bitcoin are guaranteed..,. and hopefully no one believes you. .and people who listen to you might consider that you don't have a lot of credibility because you talk in terms of absolutes... but surely there are some people who might be dumb enough to believe you, but probably a lot of folks will consider you a looney if you talk like that

That's true we can't tell the future, but we can definitely accumulate some nice quantities as we hodl . Back then , like years back no could ever believe that Bitcoin going to reach this stage .

There are frequently uncertainties in bitcoin; however, the kinds of uncertainties are changing with the passage of time. and so even there are uncertainties today with various attacks on self-custody..

Quote from: I_Anime on Today at 08:22:27 PM

At that time alot of people doubted it and some where even waiting to crash. Despite not having more adoption then Bitcoin kept increasing in value . But still there's no guarantees that's going to keep going up and all that . But now Bitcoin has gain more adoption, and believe is going to gain even more as time goes on.

Sure bitcoin's investment thesis is not getting any weaker, even if some of the upside potential is not as much, but similar things were being said in 2017 when BTC went from $1k to $19,666, and a remember a lot of folks pumping shitcoins and saying that bitcoin did not have any more upside potential, so people should be buying more shitcoins in order to get upside potential, but the fact of the matter is that bitcoin actually ended up pumping around 78x in those 2 years from late 2015 to late 2017, so I see no reason for anyone to feel that they need to be more greedy than that, and surely the price corrected back down into the $3ks, but surely spent a lot of time in 2018-2020 between around $6k and $10k... before stepping up to higher plateaus, including our current level of supposed uncertainties.

Surely many of us likely realize that bitcoin has an ability to get around 1,000x gold's market cap, even though currently it is about 1/10th of gold's market cap... and so in that regard, bitcoin still has a lot of upside potential, even though it could take 50 to 200 years or more to reach its upside potential, and so many of the current newbie entrants are investing in mch shorter timelines that likely want to know if bitcoin is a good investment in the next 5 to 10 to 20 to 30 years. So our actual personal investment timelines would be considering wanting to profit within our own life times rather than needing to wait for longer term macro aspects to play out.. and in that regard, there are still some folks who are attempting to front run bitcoin and get their own bitcoin prior to the masses of the population coming into bitcoin, which truly should be an advantage for any of the normies who already know about bitcoin and who are investing into it, as compared to folks who might not really now about it and are not actually taking action to invest into it, even if they do know some things about it.

So yeah.. no one knows, and you have to figure out your own allocation level that is comfortable for your level of balancing out your life circumstances.