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?
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.
Well I would prefer to tell you guys not to bet at all cause I know a gamble can be and one of you guys might take it too serious and get yourself into trouble, but if you guys would agree to do this just for a learning experience then it's nice, we could all learn from the comparison of both strategies, but I hardly see the need and I don't know how rich you guys are, but DCA has already proven to be a better method than most cause it supports all kind of investors, rich and average, newbie and experienced, and i have already b using it for myself, I've hardly tried any other strategy yer and I'm still keeping funds in my reserves for buying on dip, you guys can knock yourselves out as long as you stay and track and dint take this too far.