Quote from: JayJuanGee on June 23, 2024, 08:41:38 PM

Quote from: adultcrypto on June 22, 2024, 11:57:01 PM

Quote from: Uhwuchukwu53 on June 22, 2024, 06:15:26 PM

Quote from: laijsica on June 22, 2024, 04:04:30 PM

You are right! The DCA method requires a lot of patience to operate, which is a method of depositing bitcoins over a long period of time. This method is only applicable to those who have enough floating cash because the DCA method should generally be run continuously so that the unit price will decrease over time through successive purchases and more and more bitcoins will be added to the stash. Regular accumulation can build up your portfolio to be fairly decent enough to reach that size within 2 years. At the next level you can be aggressive in accumulating which is to own more assured holdings within 4 years. You can drive for longer periods if you wish which is 10 years or more and guaranteed high future profits.

Yes no doubt about these, it's a fact that is why is very good for long term holding DCA is not for people in haste even when it can accommodate all kind of investor, people without I strongly doubt any body who is having patient problem to do well in this even in other strategy Bitcoin investment generally need patient, if one have the mindset of holding for long time patient must be involved.
Buying gradually before one kick start to be aggressive helps in the DCA it make you more relaxed but achieving the accumulating unexpected Bitcoin without stressed all one one need continuous accumulating and patient.

You seem to be mistaking the DCA method of buying bitcoin for a way of holding bitcoin. The DCA is just a way of buying bitcoin in a regular fashion such that the amount invested is what the investor can inject into bitcoin consistently without feeling any financial pressures. Although the DCA method remove the pressure to sell your bitcoin, it is not all that is needed to hold bitcoin as holding is entirely a different thing of its own.

To hold bitcoin, the intention must be clear and the plan made before the investment is made. Some of those plans are setting aside funds for basic needs as well as that for emergency funds to take care of other needs that may arise that are not planned for. One can also setup reserve funds depending on his financial capacity just so that there is no pressure whatsoever that will make the investor sell the bitcoin being held.

I am not sure what purpose comes from arguing how DCA and HODL are different, and surely they are different things, yet they might be employed in complementary ways, but still depending on where a person is in his bitcoin accumulation journey, and also what might be happening with BTC prices. Surely if someone already has a practice of buying regularly with DCA, then he might not care about price, and just be DCA buying within the constraints of his discretionary income, and maybe sometimes having fluctuation in his discretionary income that could end up affecting the amounts and/or the frequency of his BTC buys.

Maybe after several years of DCA buying a guy might start to move away from DCA or maybe employ DCA strategies that are based on BTC price movements, and surely it may or may not be a good idea to start to change DCA methods, yet at the same time, these are discretionary matters that involves a guy's own assessment of his aims and goals in terms of his BTC stash size and other kinds of factors that might persuade a guy that he might need to transition into other kinds of accumulation or maintenance strategies or maybe even transitioning into sustainable withdrawal strategies that could employ various mixtures of practices.. including both selling and buying.... but then sure in this thread, we are not necessarily assuming that a guy has gotten to the selling stage yet, so HODL seemed to have been an idea (practice) that might be employed once a guy might be buying on the dip, but he price keeps dipping, so maybe at some point when the guy runs out of money, the next logical thing would be to HODL rather than to sell.

Since I started my Bitcoin accumulation journey I decided to use the DCA strategy and that has been what I have been using I don't think I will change to another strategy of accumulation, when there's a dip all I will do is to use my reserve funds to buy as much as I can and still continue with my DCA strategy I don't care about the price of Bitcoin and it won't destruct my accumulation a lot of newbies like me always watch the price of Bitcoin and the price determines how many percent they will invest, some will even stop there accumulation when there's a dip, and some are patiently waiting for a dip to happen before they can start accumulating, all this strategy will destruct your accumulation and at the end of the day you find your self not accumulating anything.

You said after several years of DCA buying a guy might start to move away from DCA or maybe employ DCA strategies that are based on BTC price movements, this is very true a friend of mine started accumulating Bitcoin a long time ago but now he has reduced his accumulation rate and he has started venturing into other investment, this may be good but for me I will continue the rate of my accumulation, Bitcoin is a very nice investment and reducing the rate or stop accumulating is not a good idea a lot of people thinks is better to venture into other investment and that is why they reduced there rate or stopped accumulating Bitcoin and later regret there action I heard a story were a man in my town stopped his Bitcoin accumulation journey because he feels he has accumulated enough he was only holding and he ventured into other investment and it didn't work out well for him and he even ended up selling some of his Bitcoin in other to solve some problems he encountered along the line of his other investment and he regretted deeply why he stopped his Bitcoin accumulation.
For me I don't have a particular amount of Bitcoin I'm targeting to accumulate I will accumulate as much as I can and keep hodling, reasoning being that i see Bitcoin as my life time investment our mindset determines how action.

Quote from: JayJuanGee on June 23, 2024, 08:41:38 PM

Quote from: Salahmu on June 23, 2024, 09:40:41 AM

Quote from: Zackz5000 on June 23, 2024, 09:14:43 AM

Quote from: Bravut on June 21, 2024, 02:10:56 PM

Quote from: Onyeeze on June 20, 2024, 10:51:53 PM

Do you know that the best way to make a profit in Bitcoin is when you purchase your Bitcoin and the store for longer time before he use or you sell your Bitcoin many people does not know that the longer you hold your Bitcoin they more the price of Bitcoin appreciate, but people who is new into the system does not really like to invest for long time and when we are making this reference or this suggestions that the longer your investment in Bitcoin the more you are accumulate more profit depending the percentage of the market at that moment

Holding of our Bitcoin is a testament of Discipline and Patience, one thing that is certain in a financial market is that the investors trait reflects in the market meaning we take decisions and actions which reflects us directly in a financial market. With a long term view we expect our hodlings to appreciate and not necessarily short term spikes.
Same time we must understand that while we hold as you say, it is very important to accumulate more Bitcoin thus increasing the stash of Bitcoin in our portfolio which in turns gives much or lesser profit. With a suitable and convenient strategy and plan which would not be exhausting.
In essence I can't just advise someone to hodl onto a purchase (Bitcoin), when such investor can accumulate more.

If you are saying you can't advise someone to hodl onto their purchase Bitcoin it simple means you are telling or advising them to sell out their Bitcoin hodling for this can be a misleading information to new investors or those that don't understand the importance of hodling their Bitcoin.

I think you are not getting the point @Bravut was trying to make on that aspect because if I understand him correctly he is trying to state the fact that is not advisable to ask an investor to only hold the little he had accumulated but that instead they should always continue on their investment, which is actually true because so many people especially the newbies on Bitcoin investment believes that even as little amount of Bitcoin they have on their portfolio is enough to fetch them a good profit in the future, which we no that is not actually possible because lets take for instance someone invested only $50 on Bitcoin and decided not to invest again hoping that in the future the $50 will worth huge profit, which is not possible because the profit will not be much compare to investors who are consistent.

Surely guys have to do what they can, and yeah, many of us likely realize that it is better to start out with some kind of a bitcoin investment plan that involved consistent and persistent BTC accumulation for several years before we start to relax in terms fo the quantity of BTC that we have, and surely guys might come to differing conclusions in regards to how much is enough including that a guy might change his mind about his allocation level, so maybe he considers that he should have 5% of his investment portfolio in bitcoin, but then later he comes to some other conclusion that might shrink the level so then he might start to invest into other things in order to bring his BTC investment level down, even though maybe he never sells any BTC, the size of BTC allocation starts to become a smaller portion of his overall investment portfolio.. yet we likely realize that if the guy continues to hold bitcoin and does not sell bitcoin, then it is likely that his bitcoin will outperform his other investments and may well start to cause him to conclude that it might be better to retain higher allocations of his investment portfolio to bitcoin.

Your continuation of Bitcoin investment or your level of accumulation after some years of accumulation is determined by how you see Bitcoin investment some people don't see Bitcoin investment as a life time investment they feel Bitcoin will crash one day why some see it as a life time investment, those that don't see it as a lifetime investment are those that reduce there rate of investment after some years of accumulation or even stop accumulating why those that sees it as a long time investment keeps accumulating and some even become more aggressive after making there emergency, reserves and float funds very strong.
Like the story I said above were a man stopped his Bitcoin accumulation because he feels he has accumulated enough and then ventured into other investment and it didn't go down well with him he even had to sell some of his Bitcoin to settle some issues he encountered along the road of his other investment.
You are very correct when you said some will likely realize that if the guy continues to hold bitcoin and does not sell bitcoin, then it is likely that his bitcoin will outperform his other investments and may well start to cause him to conclude that it might be better to retain higher allocations of his investment portfolio to bitcoin.
So it is always advised to keep your level of accumulation or even become more aggressive in your Bitcoin accumulation journey.