Quote from: red4slash on Today at 07:07:17 PM

Quote from: MusaPk on Today at 10:26:07 AM

Quote from: JayJuanGee on July 25, 2024, 07:05:21 AM

To state the obvious, there is a certain truth that any strategy has to start from where any of is at right now, whether we have already been in bitcoin for a while and we are figuring out if there might be some way that we might improve our BTC accumulation and/or maintenance strategy or maybe we are just starting in bitcoin and bitcoin accumulation and we are figuring out our strategies, then we have to figure out our own budget and our 9 factors, and our view about the BTC price movement is ONLY one of the factors, which also might not be as important as several of the other factors.. and it could take us years to really get our practices in a kind of order that we start to feel comfortable with the amount of bitcoin that we are regularly accumulating and also the other balances of our cashflow and our cash reserves.

Price moment is just one factor but an important one. Seeing where we are standing right now, it will be ideal to wait for dip that can take price down below 50k and accumulate aggressively at that price. These 9 factors are good specially for anyone that is new to bitcoin and if I have to chose the most important from these 9 then I would go for cash flow since that decide how much you can invest.

Waiting? Until what price are you waiting for especially with the current condition of the bitcoin price which is still in a positive trend will make you wait longer for the desired price so I don't think this is a wise choice to do at this time.

It is not wrong if you are ready for the risk when you are left behind when the price returns much higher and waits longer because with the bearish that has occurred in the previous few years and for a long time where the decline in 2020 even until 2023 so I think it will be a little difficult to wait in a situation that is in an upward trend for a while.

It will be more worth it if you keep buying while you can without seeing the price that is happening now because after all when the price shrinks again then it will not be a problem because our focus is long-term and we also will not miss the moment where we have to be tired of waiting uncertainly because when you expect bitcoin to go down then it could happen the opposite where bitcoin accelerates further than now.
Just relying on waiting alone will not make you more comfortable in the end so try to take action instead of just continuing to wait for something that is not sure to happen.

You are right if they implement DCA purchasing and why should they wait. In long-term implementation, of course there is no waiting at any purchasing stage, there doesn't have to be any reason, if it is due, we have to execute it. That is the application that can be said to be focused on DCA. Moreover, for long term planning, of course we need to make as many purchases as possible every week, so if they wait, they are probably not implementing DCA.

The reason is quite simple why they regret it later because they missed many opportunities to buy and that's all because they waited long enough. I'm bored of waiting because if next week it's the umpteenth buying stage then I keep buying and I look at the portfolio after that where my BTC holdings continue to increase.