Quote from: Doan9269 on Today at 04:33:13 PM

Quote from: JayJuanGee on Today at 03:57:00 PM

[edited out]

3. Study and understand the market seasons, entry points, how to hold and the ways to speculate and read on the market price and the price chart.

I don't see why there is any need to fuck around with reading charts.

Just figure out your own cashflow (and of course discretionary income) to be able to invest as aggressively as you are able to for one or two cycles or more until reaching some kind of a BTC accumulation target. Of course there can be ways to learn along the way, but a lot of the learning likely relates to cashflow management rather than figuring out particulars about bitcoin price movements, but yeah sure maybe at some point a person starts to accumulate more and more bitcoin, so maybe strict DCA is not as important anymore, so it can be combined with buying the dip and lump sum investment, or surely if someone already comes to bitcoin with some lump sum investing and/or abilities to front load their BTC investment, then those kinds of folks will have differing options as compared to any newbies that might mostly be relying on DCA strategies to build their bitcoin investment over one or two cycles or more.

Quote from: Ruttoshi on Today at 04:42:19 PM

Quote from: Doan9269 on Today at 04:33:13 PM

3. Study and understand the market seasons, entry points, how to hold and the ways to speculate and read on the market price and the price chart.

I disagree with you on this last point of yours because for one to be able to know how to speculate and read charts is very complex for a newbie who plans to only buy bitcoin regularly with DCA and hodli for a very long period of time. That will be a waste of time and it will make him feel that investing in bitcoin is very difficult whereas it is not and investing in bitcoin is just like saving part of you discretionary income in the bank weekly so that you can use the money after a very long time to buy an important thing that you desire to have but don't have the money to buy it once.

A brand new investor only needs to figure out how much from his discretionary income he can use to buy bitcoin constantly that he can do without so that he can continue buying every week with DCA without thinking twice because it does not affect his monthly expenses. Newbies are only buying always and DCA strategy does not care about the market movement or the price of bitcoin at that moment because it is irrelevant and not needful.

Investing in bitcoin for a long term and hodli very easy for a newbie to get started immediately because it is not trading. Their emergency funds is what newbies should also focus on building to the size of 3-6 months to avoid an unexpected emergency chattering their bitcoin investment.

These are good points too, which largely is similar to my points in regards to the importance of focusing on personal financial management matters rather than getting distracted into questions about BTC prices, especially in the earliest years of building the BTC stack size.

Quote from: Akbarkoe on Today at 05:30:45 PM

Source

Let's stop arguing for a moment, we see that bitcoin is back up to $63k it is a very fast price reversal by bitcoin after experiencing a price drop to below $55k.

Congratulations to some people who may do DCA at that price level will be very happy for you, yesterday was scared because it had a lot of market fud that affected bitcoin to decline, Holder is winner and DCA is always a very sharp sword to get prosperity with bitcoin.
Maybe it will be a DIP to reverse the bull market again.

First of all your chart is focusing on pretty short term BTC price dynamics, which are largely irrelevant - unless you are fucking around with trading.

In other words, I would not characterize the latest as necessarily a fast recovery since yeah, we had a pretty deep correction that ended up playing out around 11 days ago.. that brought us from the mid-$60ks to around $53,500-ish.. but that decline had started a bit prior 11 days ago, and surely a decent number of BTC HODLers might have gotten shook out of their coins based on various market dynamics including proposals that Germany's dumbass supposed selling of coins and MTGOX release of coins and blah blah blah was going to continue to bring the BTC price down into to the $40ks or whatever might have been a buying price target, so in stead of buying BTC in the past week or two, dumb-assed weak hands and ill-informed folks were selling BTC rather than buying.. so yeah, sorry for your loss.. you dumb twats.. and your hope to buy back BTC lower (and you might never be satisfied), which surely we are seeing might not be within reasonable BTC price direction expectations.... but who knows? Maybe you will get lucky if you continue to wait for the dip? maybe? maybe not?

I am not claiming to know which way BTC prices are going, yet I am claiming that anyone who is new to bitcoin or even in bitcoin less than 4 years, should not be fucking around with short-term price predictions that may or may not come true, but instead focusing on accumulating bitcoin, unless they had already front-loaded their BTC investment sufficiently and adequately to already be prepared for UP, just in case such UP might end up happening sooner than expected...

And sure, the point is always to be prepared for up, and one of the best (if not the only) way to prepare for up is to not only have bitcoin but to have enough bitcoin.. .and ONLY you can figure out how much bitcoin is enough bitcoin, and one of the best (if not the best ways) to make sure that you have enough bitcoin is to buy it. buy it regularly, continuously and persistently.. especially if you are in the first cycle of your bitcoin journey, and selling bitcoin is not a good strategy towards making sure that you have enough bitcoin... #justsaying (or should I say, #justrepeating?)

Quote from: Ambatman on Today at 05:55:52 PM

Quote from: JayJuanGee on Today at 02:00:01 AM

So far, I had never heard about Treasure wallet as a software wallet, so I am not sure how secure it is. Maybe you need to provide a link?

judging by their lack of review and 1K+ download on play store
I still can't really find what's special about it.
Can't even find it on Github.

Quote

I disagree with you on this last point of yours because for one to be able to know how to speculate and read charts is very complex for a newbie who plans to only buy bitcoin regularly with DCA and hodli for a very long period of time.

I wouldn't say it's that complex
But just not really compulsory or necessary.
Just have the mindset that as you are buying under $100K you buying cheap
But don't forget there's nothing in this world that ain't associated with an element of risk.

You suck when it comes to quoting.

I found your first quote (so I fixed it to show it was from me). and I think that your second quote is from me too.. but it is not easy to figure out where that is and I hate wasting time trying to find from where you got it.

yes.. attempting to trade BTC and trying to read charts is more difficult than figuring out various strategies to invest in BTC (and BTC accumulation strategies). You can proclaim trading and reading charts is not complex, but if the end results are that you are not really advantaging yourself (and maybe you are losing money by trying to fuck around with trading), then why not suggest that it is complex rather than trying to imply that trading BTC might be something that newbies might want to consider as an alternative.. yeah, newbies can do whatever they like, including employing dumb strategies that involve trying to trade an investible asset, such as bitcoin.. that is not smart, but yeah, anyone can do it.