Quote from: JayJuanGee on August 14, 2024, 05:47:20 PM

Quote from: Wind_FURY on August 14, 2024, 10:02:15 AM

Quote from: JayJuanGee on August 14, 2024, 07:43:13 AM

Quote from: Wind_FURY on August 14, 2024, 05:38:37 AM

Bitcoin is above $60,000 again. Many of us almost got very excited for the possible opportunity to purchase Bitcoin below $50,000 again. Haha.

But sometimes we probably should start thinking that in 10 or 20 years, many people will look at the price of Bitcoin and they will be very sick in their stomachs because they will be asking themselves how they have missed all the price appreciation of an asset that was designed to surge because the Central Banks around the world have that never-ending policy to print money.

In other words, it might not make too much difference if you bought bitcoin around $50k, $60k or $70k or maybe even $100k.. it is all going to seem cheap..

I believe not. If Bitcoin does surge to over a seven digit valuation, then each additional unit of Bitcoin that a user purchased at discounts would truly matter.

We can agree to disagree, and you can choose to place whatever level of additional stress upon yourself as you like.

Personally, I think that it is way better to try not to overthink matters of how many additional BTC you might be able to get if your average BTC purchase price were lower, since largely it is not going to likely matter as much as you think that it does, and whatever, you are free to your own perspective... including if you saying that you are o.k. with following the ideas of DCA, yet at the same time, you are holding back a whole bunch of fiat because you are hopeing for BTC prices to drop lower.

All that extra fiat you were holding back in September and October 2023 did not fare too well when the BTC price went from $25k to $40k or $50k and you were still waiting for lower $20ks or even sub $20ks that did not end up playing out.

Yeah, you can rationalize all that you like regarding the value that came from your failure/refusal to spend your money at that time... and in the end, you are the one who has to make the judgement and to live with your decision, since none of us are going to be very concerned if you could have had bought an additional 0.001BTC or not. You have to be happy with your stash and your stacking techniques...and whether you whine about and second guess yourself about you could have had more blah blah blah.

Quote from: Wind_FURY on August 14, 2024, 10:02:15 AM

Quote from: JayJuanGee on August 14, 2024, 07:43:13 AM

Just like today if I say that I bought at $500, $600, $700 or $1k, it all seems low.. and any of those prices work out quite well, even though twice as many bitcoin could have had been bought at $500 as compared with $1k.. but there is ONLY so much that any of us can do in regards to our cashflow, and in the whole scheme of things we cannot really know where the BTC price is going to go.. so in some sense, the just keep buying practices end up working themselves out in the long run, even though sometimes in the short run, we might question our strategies, yet there are a lot of folks who ended up accumulating way more bitcoin (even though they paid more for them),

so then in the end, the having of more bitcoin ended up being the main thing that makes a difference.. since would you rather have:

1) 5 bitcoin with an average price of $600 (total cost of $3,000) (maybe someone who made a few BTC purchases between 2014 and 2016 and was always proud of having a low cost per BTC),

or

2) 30 bitcoin with an average cost of $2k (total cost of $60k) (maybe someone with a fairly tight budget who started DCA buying bitcoin in 2014 with $10-$50 weekly, and continuing to buy bitcoin with DCA and over the years.. so investing with DCA over 10 years and having times of increasing to $100 to $200 weekly as his income went up and his cashflow management abilities got better).. so he got way more bitcoin for each dollar in the earliest of his BTC accumulating days.. but since his budget was never really that great - especially, in the earlier days, he had to always scramble to buy as many Bitcoin as he could afford within his discretionary income, and he continued to accumulate BTC during each week no matter the BTC price depending on his own cashflow that improved over the years but was never really great... and then now he is starting to feel that he has enough BTC ). ..

Frequently, in bitcoin's history, the consistent, persistent and ongoing accumulator of bitcoin ends up spending quite a bit more money (fiat) to buy his bitcoin and might even have multiple or magnitudes more costs than the whimpy investor, but then in the end, the persistent BTC accumulator ends up with way more bitcoin, too... even though sometimes along the way, it might have hurt financially and psychologically.. and even he spent a decent amount of time in the negative or not really in profits and even worrying about if some kind of a BTC price bounce was going to come at some point.. or if maybe he was sometimes thinking that had put too much in the bitcoin.. .. but then in the above example.. there is some kind of reality that sometimes there might be a need to spend 20x more than another similarly situated person in order to really show commitment to investing into bitcoin, but then end up having way more options because of the persistence int he stacking of the sats (of course, there are needs to preserve the bitcoin holdings too and to learn about good ways to guard your bitcoin holdings in order to not lose them).

?
But why not 30 Bitcoins with an average price of $600.00, which is the actual point of the argument for looking for discounts?

Fuck off with that nonsense of screwing around with the hypothetical.

I am trying to give you a somewhat realistic example that highlights the difference between someone who might have had taken a somewhat whimpy approach as compared with another person who took a more aggressive approach.

sure, there can be all kinds of variations of in between, and even the guy that I am claiming to be aggressive, I already say right with the hypothetical that he was being as aggressive as he could have had been through the last 10 years, but you still want to describe some circumstances in which the guy has an ability to be even more aggressive than I described.

Quote from: Wind_FURY on August 14, 2024, 10:02:15 AM

I believe that would definitely give more superior returns than if the average purchasing price is $2000, no?

No. The guy was not able to buy 30 BTC in 2014 or 2015 or 2016 at $600 per coin... .. he dollar cost over the years within his means, and I even described that in the beginning of his investment into bitcoin, he was ONLY able to buy $10 to $20 per week worth of bitcoin, but he continued to be as aggressive as he could with his BTC buys over the years within his means..

You want to fantasize him into having some other kind of circumstances in which he would have had been able to buy $18k worth of bitcoin in his early years, and he did not have $18k.. and in fact he only had $10 or $20 per week in those early years and he was scraping to do what he could to buy bitcoin. Did you not realize that there are people who do not have any kind of savings at all? They are barely scraping by, and it could be arguable in regards to whether they have any discretionary income at all, so they almost have to force themselves into a situation of having discretionary income by increasing their income and/or cutting their expenses to struggle to even figure out a way to have $10 or $20 that they can use to buy bitcoin, and you are all of a sudden wanting to proclaim some imaginary scenario that all of a sudden they are going to have $18k extra that they can invest into bitcoin, when they are barely getting by?

?

But why? I was merely making a point that a lower average entry price for the same amount of capital used will be holding more units in Bitcoin compared to the person who bought Bitcoin later, and therefore would make a better Return On Investment.

OK, to make a more practical example, the total cost is $60,000 for Investor A who bought Bitcoin with an average price of $2,000 vs. Investor B who bought Bitcoin with the same amount of capital but with an average price of $1,700.

That 5.2941 units in Bitcoin would definitely make a very big difference if Bitcoin surges over six digits, no?