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Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
arwin100
on 20/06/2024, 07:57:23 UTC
⭐ Merited by JayJuanGee (1)

Why I still prefer the regular DCA strategy is that you buy bitcoin at both markets, the bear and the bull. Your strategy might be cool but it still have some disadvantage. Just like what I said in the other thread, when the price dips and you buy with the available amount that you have own without DCAing after buying. You cannot tell if that price that you bought is the bottom line of the dip. If bitcoin price dips below that amount that you bought, you will be regretting for rushing but there is nothing you can do about it than to start waiting.
You are very incorrect with this unless you do not even know how to read the market chart and also follow it based on its psychology. First, no one is perfect in knowing what the market would do, and I believe that is what you are trying to explain, but if you can say a DCA strategy is good even as you are still taking risks with it, then some approaches in investment will help you better than the DCA in some conditions, after all, it is still all about risk and not perfection. One of these approaches is to wait until the market hits its low, at this point my friend, you are wasting your time DCA, otherwise, you will miss the bigger opportunity through averaging it.

Are you telling me that it is a huge risk buying Bitcoin lower than $16,000 in 2022 and Solana lower than $8 in the same year? If you claim your point is still relevant here, then you do not know what you are saying and will only reduce your gain. Here are the reasons; first, the market had fallen for over about 2 years and it is nearing the bull season. 2. SOL for instance sold from about $260 to below $8, what huge fear could anyone possibly see in that? Reaching $0, and so? All such investment condition needs is patience, you can't regret it unless the asset is entirely bad.

That's how investors think. A project like that with better scalability and prospects will always be a promising project and the challenging time will be over as we later saw it. Finally, these coins hit their various S/R level on the weekly and monthly charts, and later have bullish price action and other confirmation to warrant cheap buying. What else is doubtful in that? Of course, I invested at those times, but had it been I DCAed at those times, I would surely regret it.

One thing about DCA, there need not be any presumption of dip or no dip or even regret, including that a person could just accumulate bitcoin for 4-10 years or longer within his own budgetary constraints and not even give a whole helll of a lot of considering to the extent to which he might be in profits or not, and surely there shoujd be little to no need to fuck around with shitcoins (whether it is Solana or some other shitcoin-of-the-day, even though people want to spend their time, energies and/or money on such nonsense.

so maybe at certain points does the road he could reassess how many BTC he has accumulated and/or is he in profits and/or should have he done some thing else.. but I doubt that the answer is going to necessarily to tell himself that he should have fucked around with shitcoins more or that he should have attempted to time BTC prices instead of just buying regularly within the confines of how aggressive he might want to be in terms of how much discretionary income he wants to spend on bitcoin versus saving some of his discretionary income for some other interests that he might have.
 


That's the real problem of some investor since what they usually think is when there's a dip that is the best time for them to enter. Then regret that they miss that opportunity then wait again, they failed to realize that they are wasting their time with that attitude and just give their selves unnecessary stress for speculating about upcoming dumps to come. If they just take an action when they have money and ready to accumulate then for sure waiting for dips will not came on their mind since what they provably their main priority is to accumulate base on the cycle or years they planned to do.

Some also try to gamble with the shitcoins including the famous coin of this year which SOL for wanting to gain profits then add their gains to invest on bitcoin. If they just decide to put it directly on bitcoin for sure that there's no other thing would bother them and give them some chills when market collapse.

Although we can't really influence people for discouraging them to invest on shitcoins while they are engaging on long term hodl plan with BTC, but hopefully in future they realize that they are just wasting their money,time and effort with those shitcoins.