Quote from: Justbillywitt on Today at 08:25:29 AM

Quote from: Sim_card on August 15, 2024, 10:53:34 AM

Quote from: Roseline492 on August 15, 2024, 10:45:21 AM

Quote from: Obim34 on August 14, 2024, 09:17:00 PM

On how we might preach the whole process to be, investing by lump summing isn't suitable for a beginner, how should he know at what price is comfortable to purchase, even a well knowledged investor might slightly enter from a wrong position which may hinder the progress of his profits.

Every strategy is well suitable for every beginners, so I wouldn't discriminate beginners in terms of utilizing the strategy,perhaps I think your advice should be that if beginners does not have an additional plan or having a good source of income that would easily backed them up if they Lump sum they should not go into it but if they have there is nothing wrong in adding more fraction to there investment portfolio while DCA is still there major target, we shouldn't feel or have the mindset that all the beginners are not financially stable because on the contrary there are so many rich people who chose to diversify there funds into Bitcoin so perhaps as they are doing there DCA whenever any opportunity come out for them to Lump sum they would always buy more.

I disagree with you that every strategy is suitable for a brand new investor because it means that you are encouraging new investors to wait for the dip when we all know that waiting for the dip is not ideal and improper way for a new investor to start his bitcoin journey with because he does not know when the dip will happen and he might end up not acquiring any bitcoin s the dip did not come.

The last time I checked, we have three methods of accumulating bitcoin which is buying at the dip, lump sum and DCA. For new investors DCA is the best strategy for them because it gives them room to buy bitcoin constantly with part of their discretionary income without jeopardizing with the financial responsibilities. Not all new investors are rich to have huge amount of money to buy lump sum and even if they have because they are still new to bitcoin, if they lump sum, they will miss the opportunity which the market offers to those that DCA strictly constantly, persistently and consistently.

When you lump sum as a new investor, it is only when bitcoin price is above the amount that you lump sum is when you will be in profit but if you use DCA method some point or with time your average bitcoin price will be reducing as long your DCA is ongoing overtime because he will buy at the dip, when the price is high and at price consolidation. Lump sum is good when you mix it with your regular DCA buying, or when an investor bitcoin size has reached a certain level. Imagine a new investor who lump sum at 73k because of the hype from the approval of bitcoin ETF, since that time till date his bitcoin portfolio value is still low compared to when he bought.

Are you now judging bitcoin performance on a short term basis? The goal of investors here has always been for the long term and not on the immediate or short period. A newbie who lump sum at the price of $73k didn't make any mistake as long as he in for the long term. Chasing short term profit should be out of the picture of long term investors. You have also forgotten that there were investors who lump sum during the previous ATH of $69k and they waited for years before we got to the new ATH of $73k. And they made profit in the end, so there is no reason why people who lump sum at $73k should regret or feel bad because they are not yet in profit. The profit will come on the long run.

You are also forgetting the fact that some newbies do lump sum is for them to meet up with certain amount of bitcoin stash in their portfolio. It also depend on the time they started their bitcoin investment journey they will want to lump sum if they feel they are far behind. People who lump sum once and are satisfied with their bitcoin stash in their portfolio, without engaging further with DCA are not also wrong. Provided that they are holding it for a long term, they are likely to see profit too. Let's not be blinded by short term profit and neglect a good investment strategy.

Over the years, I have heard so many of these examples of the guy who lump sum invested in bitcoin at the top of the price cycle, and then he gets stuck with his investment into bitcoin being in the negative for years and years and years.

Surely, I know that there are real examples of people who actually did buy bitcoin in that kind of a way, and I also frequently consider that anyone who lump sums should be prepared to follow up with continued investments into bitcoin, especially if the BTC price dips and especially if it takes a decently long time for the BTC price return to price levels of the first purchase.

Sure there could be some examples of persons lump summing at the top who subsequently and surprisingly run out of cashflow in order to continue buying bitcoin, yet I still consider those kinds of examples to most likely be psychological barrier examples rather than financial barrier examples.

In the end, it seems that amongst the most reasonable and prudent of planners, would not overly lump sum at the top, yet if they were to make such an error, then (absent some rare surprise/emergency exceptions) they should be more than ready, willing and/or able to continue buying BTC if the BTC price drops after the lump sum investment and especially if such dip lasts a long time and/or dips in considerably large kinds of ways. Personally, I don't give much of a pass or have a lot of sympathy for the lump summers who are not ready, willing and able to follow up with further BTC buys.. and if they have blown their whole wadd, then they are likely guilty of gambling rather than investing, which sure they are free to do what they like, but I am also free to not have much sympathy for such an approach to BTC.

Quote from: cryptoWODL on Today at 09:05:32 AM

Quote from: Onyeeze on August 15, 2024, 07:40:59 PM

The thing is that people doesn't know the exact time they invest in bitcoin, even as we are campaigning about bitcoin investment when to invest and when not to invest, its truth that the beat time to invest in bitcoin does not exist but people do emphasize that the only period you can invest in bitcoin is when the price of bitcoin is low, So people doesn't know the actual time to invest, for me I do invest in bitcoin anytime I feel like to invest in bitcoin, so I believe that with such investment that is not planned you can make a profit, the thing is that anything you have funds don't hesitate to invest in bitcoin, in future it will yield positive for you.

To me there is no best time to invest in Bitcoin because whenever you buy it will be the best for you. That is, your own opinion and money will depend on when you should invest and when not to invest. If you have enough money to buy bitcoins, you will be interested in buying them even at high prices. And if you don't have money, you won't be able to buy bitcoins for investment even if the price of bitcoins goes down.

So stop thinking that there are best times to invest. Buy whenever you have the money and try to invest regularly so that your investment grows with the gradual accumulation of bitcoins. Many people may think of investing as buying large amounts together. No, not like that. If you have enough money then buy more and if you have little money then start with that and buy bitcoins in small scale with self financing. Make a decision by investing according to the plan so that you can buy Bitcoins with the same amount of money on a weekly/monthly/quarterly basis.

This is an accurate way of describing real world investing and real world DCA. The DCA amount does not need to be the same amount, and the DCA amount and the regularity of such investments could strictly be based upon when a person has a certain level of discretionary income that is upon his own choosing in regards to reaching such thresholds, so even relatively modest amounts of investing into bitcoin could end up paying off quite well in the long term, as long as the investor also understands that investing can sometimes take time to play out. Surely, there are levels of aggressiveness too, and historically, it has tended to pay off quite well for investors into bitcoin to be more aggressive, as long as they did not end up overdoing it, so each person has to figure out his level of willingness to be aggressive in regards to his bitcoin investment too. Many times it is better to just get started, so even if you might assess that you are able to invest $100 every week into bitcoin, if you feel psychologically better to start out with somewhere between $10-$25 per week, then that is a personal choice, and is not necessarily wrong, since each person has to choose the level in which he is willing to be aggressive with his investments into bitcoin... but at least getting started and setting up a system will at least get the process of regularly investing into bitcoin into place, and then the level of aggressiveness can be adjusted along the way and as the investment into bitcoin might become more comfortable with the passage of time.