Quote from: JayJuanGee on August 22, 2024, 08:18:41 PM

Quote from: Justbillywitt on August 22, 2024, 03:28:11 PM

Quote from: Promocodeudo on August 22, 2024, 10:29:40 AM

Let's not also forget that people that buy in lump sum always do it when there is Bitcoin price dip.

Your statement is not correct. People who invest with lump sum don't always invest during the DIP alone, they invest in bitcoin whenever they have the funds ready available. It all depends on the prevailing market conditions at the time the investor wants to make his purchase. Your statement can be misleading especially to newbies and visitors of the thread.

This above response is correct.

Quote from: Justbillywitt on August 22, 2024, 03:28:11 PM

Quote from: Lidger on August 22, 2024, 01:12:06 PM

If we follow others directly in the field of investment then we will never be satisfied with our investment because if one person is successful by investing in different strategy, I may not be successful by investing in the same strategy.

If two or more investor follow the same investment strategy and all of them observe the principle guiding the investment method correctly, they are all going to be successful with that investment. The only difference in their level of success will depend on the capital invested and maturity dates. These methods of investment has their guiding principles, these principles are there for anyone who follows it correctly to succeed. You will only fail to succeed from it if you don't follow the principles correctly.

This is a strange way of outlining what may or may not be successful since there are variations of success including the ways that individuals make their choices to tailor what they invest in and how they manage their cashflows in light of their own risk tolerance, so their level of aggressiveness after they had identified a good investment (such as investing in bitcoin, since that is what we are talking about here), there still can be levels of aggressiveness or whimpiness within correct applications in regards to accumulating bitcoin, and outcomes might vary quite a bit, even within variations of correct applications of good practices, even though each person might also be able to claim success within his own parameters of how much and how he was willing to apply similar strategies and to purposefully come to different balances when his financial circumstances might have had been very similar to another person who might have had been more whimpy in his BTC accumulation approach or might have been more aggressive than the person with comparable starting financial circumstances.

There is also a lot of discretion in regards to cashflow management and determining how much to keep within various backup fund categories, and a lot of the variations could be correct and/or within discretionary but acceptable parameters.

Mere financial success in terms of the outcome of how much money is in the bank (or how many bitcoin in the wallet) might not be exactly an appropriate comparison of which version is more successful if each person might have applied his own BTC accumulation strategy and cashflow management to his best of abilities and his individual factors, but still each could have made various errors along the way too that may or may not have ended up materially affecting the results...

We would have to know more before we might presume certain kinds of financial outcomes would be considered to be more successful than others as long as each of the ones who are buying the bitcoin are tailoring their own balances of good practices to their own circumstances...and success is not even guaranteed, either... even if someone does everything correct, success is not guaranteed, even if they choose bitcoin as their primary investment vehicle or they might even choose certain ways to hedge their bets in ways that are very smart and prudent, but they still are not guaranteed success even if they do everything correctly.

Don't count me as overly pessimistic, since I include myself in the camp that guys increase their chances of success when they plan, prepare and even act in accordance with good practices, and they surely have more likelihood for success as compared with the guy who does not plan, prepare and act in responsible ways.. yet surely there are always going to be exceptions in either direction, yet from my own perspective there are a lot of advantages in planning and acting in accordance with plans, especially when it comes to cashflow management and investing.

By the way, I edited and added a question ("which one would you rather be?") to my above post.

I have gone through the question you add above and I would rather be the guy who spent $28,500 and had somewhere between 27 BTC and 34 BTC (with an average cost per BTC between $838 and $1,056). Even though I ended up spending more money than the first guy in acquiring my bitcoin. I also ended up having more bitcoin in my possession which is much more profitable than the first guy. Although both of them are successful with their investments. Each were able to invest according to their financial capabilities.