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?

If the reason for this experiment is to prove to me that DCA strategy is much more effective than trying to time the market, then I'm fully much aware of that fact, I'm a big fan of DCA, and that's the only strategy I preach to people who indicate interest in knowing the best strategy for bitcoin accumulation.

I don't know if you misunderstood my explanation, but all I'm trying to do is outline few disadvantages that could be seen while using the DCA approach, I wasn't trying to discredit its viability or effectiveness. We can all agree (except maybe for those who have a problem with me Grin

) that no matter how effective a strategy is, it also has its prons and cons and that is the fact im trying to state, not discredit the effectiveness of the DCA strategy.
I think we both know what the outcome of this experiment would be, because DCA would always be much more effective and safer than trying to time the market ( that I know for sure).
But if you're still interested on doing this experiment not to prove it to me but to show other newbies who are new and are looking for the best approach to employ in their bitcoin accumulation, then I'll review the terms of the experiment and then get back to you soon enough.

Quote from: Stablexcoin on Today at 07:35:42 AM

First of all congrats on your new Full member rank!

What I see here is that you are trying to go on a bet with Tungbulu, but I'll tell you he is not ready yet, I feel most of the strategies he speaks about he does not practice it, but this is a challenge window and it is open for anyone who thinks his idea on bitcoin investment is valid. After all, we are all here to learn and correct our past mistakes or see opinions from other members.

I am really interested in the bet/wagering, I believe it will be more than just an experiment as a good accumulation would be gotten based on the term which is obviously a year period. You both can start I could use your strategies and play around with my new long-term goal. Besides by now Tungbulu would has suppose to respond to this.

I see you have nothing to do other than pick on someone who isn't even on your size, I would've chosen to just ignore this because it would've been better, but I'll bring myself down to your level and reply.
Honestly I really don't know and still trying to figure out what your problem with me is. Anyways, everyone is entitled to their own personal opinion about others and I wouldn't bother trying to change that. I've noticed you've just been trying to bully me with every single opportunity you get, the whole time.
First it was you trying to bully me over an error I respectfully accepted and corrected (like I'm supposed to be above errors).
Secondly, you suddenly feel I'm really not practicing any of the strategies I preach or talk about here.
Thirdly, I didn't know there was a specific time given to reply a message that was directed to me and not you, the sender isn't even complaining about my not yet replying and you're the one showing concern ovee what is of no concern to you.

Mate if you've got something against me or something to get off your chest, spill it and let's address it as men, rather than acting like a high school bully, cos this place is obviously not high school.

Quote from: Justbillywitt on Today at 08:01:06 AM

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.

This is becoming pretty interesting, it appears a lot of people have really misunderstood me.
I wouldn't wanna believe that you also have a problem with me, instead I'll just assume this is all a big misconception.
If you go through my posts, you'll see that I'm a big canvasser of the DCA strategy and how effective it is, so I really don't know where all of this is coming from about me being against the DCA strategy.

First of, I don't believe I know it all, because if I do, then I wouldn't be here interacting and trying to share knowledge, all I've dome is share my own perspective of things, and not claim to know more than anyone here, so forgive me if you have such a misconception about me.

Secondly, majority of the people here, just as you've stated, knows that DCA strategy is quite effective and more viable than every other technique, and I'm very much aware of this fact.
I don't know if you feel I'm disagreeing with that fact, but I'm obviously not.

Thirdly, I believe this is the first time you're quoting me, so what's this about correcting me and refusing to take corrections, because I really don't get it.
But at least we agree on two things, and that is, DCA strategy is the best when it comes to Bitcoin accumulation, compared to timing the market, and that there's no point for this experiment is the only reason is to prove to me that DCA is better than Timing the market, except of course there's something else we are trying to prove here.