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Some if these newbies feel they did the best thing in investing late when it wasn't going down and to them is the best decision they made which is true but never do they know is also one of the best decisions the old investors did but only that they needed to add some patience in times like this, so that whenever things gets back on track, talking about Bitcoin price it will show them the main reason for enduring for long.
Of course, there is always going to be quite a bit of discretion that any newbie has in terms of whether to employ a waiting for the dip strategy or investing all the time consistently, persistently, ongoing and as aggressive as he can on a regular basis.
Personally, I doubt that it is correct to attempt to pigeonhole any newbie into suggesting that there is much if any value to employing a waiting strategy absent his having had come to an assessment that he has already accumulated enough BTC to be prepared for UP in light of his own budget, which thereafter gives him the luxury to hold back some value from his regular DCA for buying on the dip... dips that may or may not end up happening and dips that we cannot really know the depth of them or how long they will last if they do end up happening.
So, let's not be mixing up the newbie and the longer time investor, since longer time investors will have had more time to establish whatever system that they have in place.. and surely a longer time investor who has been through a whole cycle of putting his BTC buys into practice is even likely going to be in a much better place in terms of tweaking his system as compared with a longer time investor who might ONLY have in the ballpark of a couple of years investing into bitcoin (so less than a whole cycle).
I have never been opposed, even to the somewhat brand new investor, to create some kinds of staggered preexisting BTC buy orders that might even go all the way down to the 200-WMA or maybe even lower than the 200-WMA, yet there still is going to need to be some determination regarding the size of such preexisting BTC buy orders and the increments of such preexisting buy orders, and one of the problems of relatively poor people is that largely by definition they tend to NOT have hardly any extra cash to be fucking around with such preexisting BTC buy orders, so it becomes really difficult to presume that they should be establishing preexisting buy orders rather than making sure that their more important priorities should be in place, which is buying BTC regularly, persistently, consistently and ongoingly, while also building up their various kinds of back up funds such as emergency funds, reserves and float... .. so sometimes when members like you (Sexylizzy2813) seem to want to ongoingly tout the value of having money available for buying dips, you seem to be presuming way too much in regards to the economic status of such newbies who likely are still in the process of making sure that they even have discretionary income to be able to buy BTC on a regular basis, such as every week, or that they are even close to having back up funds in place, which emergency funds are the most important of the back up funds, and so for relatively poor folks, it may well take 1-2 years or perhaps even longer just to build up both their BTC stack size and their emergency funds to be in the ballpark of something like 3 months of their expenses.. which I would consider those two categories of early BTC investors to be foundational starting points that should precede any fucking around with trying to buy dips and other ways of waiting that you seem to be assuming newbie investors capable of doing out of the box.
Of course, folks can do whatever they like when it comes to bitcoin and their cashflow management, even dumb stuff, yet I still consider that there are some kinds of basics in regards to cashflow management and getting early entrances into BTC that should be considered and put into practice to make sure to have in place and buttressing up if any of us are wanting to consider our involvement in bitcoin to be in the ballpark of investing rather than trading or gambling.
To be honest with you Mr double JG I think your opinion or your example can come a long way when it comes to situations as this and many can learn from your experience and if possible you get a thread or something to expatiate more on whatever you have to share (like a kind of lecture on investment) to the newbies who gets misleaded in the crypto space.
Each of us can ONLY do so much, and surely I have some luxury in regards to having had been able to spend quite a bit of time studying and trying to put into practice some of the cashflow management practices...and so there had been some points that I had considered that I had been repeating some of my ideas too much... so then in the past 2-3 years, I established a couple of threads (
investment ideas and
sustainable withdrawal), but surely those threads are still likely not enough in terms of being comprehensible like a book might be... so to me it just seems that each of us can ONLY do so much because I cannot really do more than I am doing, including that each of us have our limits in regards to maybe whether we want to spend more time putting matters into a kind of book style or to format the contents of various threads and subjects in ways that are better than they are.
I am not even keeping up with the contents of my threads very well since my fuck you status chart has needed to be updated since the end of May, and even in the last couple of months, I had been realizing that I made a mistake in my time-based sustainable withdrawal formula which I should present in the thread so that we (Bitmover and I) can also update the time-based sustainable withdrawal tool on the website... so I am just suggesting that there are ONLY so many things that any of us can do, and at the same time, each person can also extrapolate and attempt to build on the work of other forum members to the extent that they consider the contributions to be valuable... which is another great thing when there are quite a few of us sharing information in an open forum like this one.
From the way you said it on how you make your investment it seems there is no room for losses, and I agree with you because ones you split your funds like having the one for expenses and the ones for investment you won't feel anything when Bitcoin price drops and you know for sure that it must definitely move back up so this strategy is a wise one but some only make use of all instead of keeping some just incase.
I doubt that I am saying that there is no room for losses, since I presume that many of us are going to make a lot of mistakes along the way, yet we still should try to establish our various balances of what we are doing in light of our own various
individual 9 factors. Personally, I think that it can take several years to work out systems that sufficiently balance your 9 individual factors, and the 9 individual factors remain a bit of a moving target, so the work of balancing is never really completely done, even though likelhy that the longer that any of us is in bitcoin and building up the strength of our BTC holdings and our various cashflow management systems, then it becomes likely that our tweakings are less frequent and less dramatic than those tweakings might be in our earliest years of building such BTC holdings and cashflow management systems.
You made a valid point there but back then I feel the desperation newbies had wasn't as much as they do have it now and now the patient level is lower than before,
You seem to presuming the desperation levels of newbies, since it seems to me that any of us (whether newbie or not) should be able put in cashflow management systems that sufficiently/adequately account for our own status in order to mitigate our level of desperation based on our attempts to do our best with whatever we have.
Yeah, if newbies have built-in desires to get rich as quick as they can and FOMO kinds of inclinations, then they are more likely to put themselves into situations in which they are contributing to their own greater feelings of desperation when they do not necessarily need to be in such a state if they consider the building of finances and systems can take quite a bit of time to strengthen including that some of the newbies may well have to start with $10 per week into BTC rather than $100 per week, even if they might have the capacity to do $100 per week, they have to balance out how they are building up their systems, and then maybe after a month or two of making sure they are maintaining a good balance with $10 per week into BTC, then maybe they ease up to $25 and then $50 per week into BTC, and surely they might not get up to $100 per week until a few months after they had gotten started, but they might have to engage in a variety of multi-tasking to figure out ways attempt to increase their disposable income by increasing their income and cutting their expenses while at the same time getting some of their debt in a better place.. and yeah there can be quite a bit of progress happening simultaneously, yet at the same time the progress can still take time, and BTC price movements remain only one of the factors, and likely current BTC price movements is way less important than some folks might presume them to be since it may well be way more important to get other aspects of their cashflow management into a strong place in order that they can actually afford to be more aggressive without contributing to unnecessary psychological pressures that might have been exacerbated because of both having wrong expectations and/or failing/refusing to sufficiently pace their BTC investment in accordance with their own financial/psychological particulars.
not all can endure all you did back then and the seriousness as of 2015 and now isn't the same too, I believe ones you have a target you can achieve something better, so I don't expect any newbies to have those qualities someone like you who have seen in and out of Bitcoin investment.
Each of us has to start from where we are at, and so yeah sometimes there are going to be tightnesses in the cashflow, and if the budget is projected for 6-18 months or longer in advance, then if any extra cash comes in, then systems can be in place regarding how to treat such extra cash, such as the rough ballpark system that I had in which if I had identified extra cash coming in, then I could generally speaking dedicate 1/2 of the extra cash towards buying bitcoin, even if the extra cash might have only been $20... and so if the systems are not in place, there can end up being panic and uncertainty and even frustration if all of the extra cash had been used to buy bitcoin, then some realizations come about that some of the extra cash should have been made available for expenses... so then if suddenly there is not enough extra cash for expenses, then the cash for the expenses have to come from some where, and if too much of that sloppiness takes place, then all of a sudden the investor is having to tap into his BTC at a time that is not completely of his own choosing because he failed/refused to have solid systems in place that include also having various kinds of sufficient/adequate back up cash systems.
Some who started last year feels they know much but they never knew what it took to get to this level, I just wish with all these said, some will make use of the opportunity they have than bragging of getting to the top just because the market price favors them just one time.
Some people might have difficulties getting out a trader/gambler mindset, so there is ONLY so much any of us might say in bitcoin related forum threads like this one. Sometimes they might be able to figure out ways to temper their trading/gambling sentiments by limiting their trading/gambling amount to 10% of their bitcoin holdings, so that way they can still get their trading/gambling fix, yet one of the problems and/or difficulties of gamblers is both identifying their gambling problem as a problem and also putting some kind of a system in place in order to attempt to fix their problem. I am not even necessarily of the school to completely cut out the trading/gambling, especially for folks who can ONLY think in those kinds of terms, but if they might be able to figure out some way to modify it and start to shoot towards keeping their gambling/trading down to something like less than 10% of their bitcoin holdings size, then surely they might be able to continue to learn some kind of a better balance.. .. yet there is ONLY so much that any of us can do in order to help any other forum members to figure out better ways so that they can help themselves in their own bad habits and bad inclinations.
With the sudden fall of Bitcoin price at this early stage of this very month of August, do we even have to see something new as in terms of getting a new price? From $69k back down to $50k as the current price, the market price was a bit strong in heading towards the $70k which was the resistance for the better part of 2-3 months ago now we have been trying to see it get to that amount or even get past it but nothing relatively positive has happened to meet up to that amount and now we have it at $50k which is not in anyway trying to go up, who's going to complain more, old investors who has been hoping for the price to continue going up or the new ones that just saw it getting to $70k and all of a sudden it went back to $50k?
It is definitely going to be the new investors who just entered the market. As an old investors shoukd have known that the market is not always in one direction, as the market is always program to go up and down. The old investors know fully well that instead of complaining they should be buying the dip while the new investors who bought at $65k and above will be scared to invest further, as it will make no sense to him or her. When you are already experienced at something and well acquainted with it's behavior you won't be terrified when you are seeing such behavior being displayed, unlike someone who is new to the environment. Old investors should have seen several dips this year alone, so this one will not be different from those ones he has seen. So why will he be terrified?
There can be ways that both old and new investors make mistakes, and sometimes there can be mistakes that result in doing the wrong thing, such as selling on the way down, yet the mistake still might not amount to any kind of a materially great loss of funds, even though liquidity ends up coming to the market, even when OLD investors might make the misstake of liquidating 5% or less of their BTC holdings, when they probably should have either HELD through it or should have had been buying rather than selling.. .. so yeah, anyone can make various mistakes, and we do not need to consider the mistakes to be in terms of all or nothing..
Another similar kind of mistake is waiting.. .. so instead of buying, too much waiting takes place, and then the opportunity to buy disappears.. and so some folks might have had categorized what they are doing as the right thing because they held, but surely sometimes that waiting and/or failure to buy was not really the right decision.. which is even worse when it comes from no coiners.. since so many no coiners still need to get off zero, for their own good... but they get too worked up about price rather than getting started and just starting to stack BTC regularly, even if it is whimpy stacking, the whimpy stacking of BTC is still likely going to be better than staying on zero, especially if we are able to look out 4-10 years or longer.
With the sudden fall of Bitcoin price at this early stage of this very month of August, do we even have to see something new as in terms of getting a new price? From $69k back down to $50k as the current price, the market price was a bit strong in heading towards the $70k which was the resistance for the better part of 2-3 months ago now we have been trying to see it get to that amount or even get past it but nothing relatively positive has happened to meet up to that amount and now we have it at $50k which is not in anyway trying to go up, who's going to complain more, old investors who has been hoping for the price to continue going up or the new ones that just saw it getting to $70k and all of a sudden it went back to $50k?
No need to complain whether be it a new investor or an experienced investor, bitcoin investment is all about staying patient. It's better to view every moment that presents itself in our bitcoin investment as an opportunity to grow our investments for more and higher profits because bitcoin always was come through despite its decline in price. Experienced investors can apply their knowledge during price drop to accumulate more Bitcoin at low price because its better to purchase bitcoin when the price is down in other to capitalise on the potential profit when the price rises again. In moment when there is a sudden decline its important to engage in critical thinking, by seizing market fluctuation opportunities that is present and having the faith or the belief of more profit when the the price goes up.
Even though you use the term "investor," you surely talk more like a trader rather than an investor... and yeah I don't really disagree with your ideas about some value coming from buying on the dip, and continuing to buy rather than panicking by either stopping buying or even doing other dumber things like selling.. yet even the various buys that might take place during dips, they likely are just going to marginally contribute to anyone feeling better by continuing to act rather than sitting around.. yet at the same time, there may well be a lot of newbies who have a budget in which they are really only able to buy weekly, and if they might have bought at one point in the week, and maybe after a partial dip, they may well end up not having any extra money on the sides to buy more dip.. .so they just have to wait until more money comes in, in which they might end up missing the whole dip, yet they should not feel bad about missing such dips since they already have a system in place, and even if they might learn to hold a bit extra on the side for further dips, it may not even really be in their interest to be fucking around with holding extra money on the side when their already existing practice of buying BTC weekly is already within a very good and even potentially sufficiently aggressive practice in terms of their assessing their own financial and/or psychological conditions.