Re: Buy the DIP, and HODL!

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.

For me focus on DCA as one of best option is good but can't advise any one not to give a trial what it's heart desires because life is a risk and only those who knows it's and give it a trial strives.this remind me in our argument of diversifying where we argue much different people knows how they handle there own loss or risk they venture into trying to restrict person on what he made if made to do is like infregement to it's right, even why people see the DCA as the best strategy some still make use of lumps sum, why some still trade I think everyone do things according to how it's capacity can carry , this is why different management strategies are in existence by different individual.

Some people forget we are here to accumulate bitcoin, hold it until the expected year we want to sell it, and not to be in competition to see who will accumulate more bitcoin. Invest in bitcoin according to your income source. Don't take because of Mr. A is accumulating bitcoin with different strategies and wants to follow him; you have no idea what kind of plans he has put in place that allow him to do that. If you know your income source is not good, stick with the DCA strategy so that you will have enough money left to cover your living expenses. The journey of Hodler is not easy; you will always have money to cover your living expenses before you can succeed. We should be careful how we use our money to buy dip if our income source is not good. The goal is to accumulate bitcoin, hold it for the long term, and also live a comfortable life.

Some people get their best when they see someone who is driving them forward to do their best. There are people who will go to the extra miles to get something, because someone they know did it. Healthy competition is advisable to a great extent. There are people who see others as role models and they will be doing everything to accumulate some certain good things that their role model acquired or get to certain status because of someone they have been following. For me I like being in a healthy competition as it brings out the best in me. I have a friend who has been into bitcoin for long, he was actually the person who introduced me to bitcoin investment, when I made my first investment my friend had gotten a reasonable amount of bitcoin, So when I started investing, I started aiming to get my portfolio closer to that of my friend without letting him know. I used him and set a target for myself. I drew up my plans and I started accumulating, my friend was my references point and I was deciplined in my activities, not long I saw that my portfolio has gotten up to the target I set out back then. So what am saying in essence is that a healthy competition is advisable for people who want to meet up some target. Healthy competition will make you achieve something fast if you remain focus. It is not bad to emulate something good in other people's life, if you can sustain it.