Quote from: Bravut on Today at 12:16:35 AM

Quote from: Greyhats on May 09, 2024, 10:33:05 PM

Quote from: Tungbulu on May 09, 2024, 06:31:53 PM

The most I've been able to get out of all you've said is entirely correct and true.
You have a tremendous viewpoint of what the DCA strategy is all about (although with some little flaws) and how beneficial it is to those/choose chose to adopt it as their method of Bitcoin accumulation.
Inasmuch as what you've said is correct, it can't always work out as expected, although it could work out most of the times, but not always, due to the unpredictability of the market, you could still split the money into smaller units and still buy through a dip or buy more when prices are high and less when prices are relatively low, which could actually be considered as loss.

It's doesn't really work all the time regardless of the fact fact that it's actually one of the most effective techniques when accumulating bitcoin because by splitting your investment into smaller units and using them to buy at different price points.
This method is very essential because it helps you not to invest too much at the wrong because you're investing in units, and it can also help to stabilize your emotion and balance it a lil bit more in the middle of a market fluctuation.

Hey do you want to do an experiment on the difference of opinion. Maybe we could setup a thread with the two of us in, and setup some rules for the experiment. Im totally open to discussing and defining the rules but i was thinking something like this

Term - 12 months, split into 52 weekly time frames
Budget(Imaginary) - $5200
Exchange - Bitstamp for pricing buys
Changes Allowed - Sundays only and require to be posted on the thread.

I set dca up for a fixed weekly buy, at 5pm UTC on a Monday every week, and then record the imaginary btc amount in the thread. I can change my dca amount any week by posting in the thread on Sunday only but cannot go past the Budget of $5200.

You post every Sunday in the thread with your market limit buys targeting your dip targets for that week Mon - Sun , if any hit during the week, you record the btc amount & price paid in the thread. You can cancel your limit buy orders after they stayed active for at least one week. You can set any amount to the limit buy orders but cannot go past the budget of $5200.

At year end we tally the total amount BTC, AVG Price, $Spent and see how we did.

This is not a bet/wagering opportunity just a simple experiment. Others ofc can bet on the outcomes tho.

Any interest?

Your experimental plan is quite good, but this isn’t a thread for that you can choose to do so by yourself and give the feedback to the community. Am not against you but this thread is for educating and sharing opinions on how we go about investing and holding of Bitcoin to build a solid portfolio overtime. Not necessarily involving anyone or anyone betting on any outcome.

For me there is no point of getting into any challenge with any fellow who thinks he knows it all and refuse to listen to the voice of reason. Majority of us here know that the DCA method is more effective and of course it is a stand out method which has remained valid for many years. If you have tried your best to educate someone and the person refuse to learn, just let the him or her keep languishing in ignorance. There is no point for this challenge, what if tomorrow another person comes up with another argument will you also start a thread with that person. The best we can do for people is educate them but if they don't want to learn we move ahead and leave them. Remember you can take a horse to the stream but you can't for the horse to drink from the stream.