Quote from: Mayor of ogba on Today at 11:54:39 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?

I know you want to show Tungbulu that the DCA strategy is the best strategy to use for accumulating bitcoin. I see no reason for doing that if he doesn't want to only accumulate bitcoin with the DCA strategy. You can adopt a strategy that can work for you in accumulating bitcoin, provided you will not sell your bitcoin before the maturity time because of a pressing issue. Since the experiment is for one year, you might be on the losing side since bitcoin halving has passed. You might accumulate most of your bitcoin at a very high price within one year. Soon we will not see the price of bitcoin at this price, so Tungbulu can seize this opportunity that the bitcoin price is at $60k plus to lump sum in bitcoin with $2k from the $5200 you guys set outside. Tungbulu will be left with $3200 that he can use to buy bitcoin when there is a dip and still accumulate with the DCA strategy. Before you can finish your $5200 in 52 weeks, you might be accumulating your bitcoin when it has entered six digits, which will be expensive for you at that time. There's a big possibility that Tungbulu will accumulate more bitcoin than you if you guys go on with this bet.

Did you take a look at my earliest posts here? I mean my response to the post of Greyhats that you quoted, because you seem to still be missing the point, the experiment isn't to convince me that DCA is a more viable and more effective approach, compared to Timing the market, and not even about Tungbulu considering an alternative approach for accumulating Bitcoin. It's just an experiment to state state and prove a point for general learning.