Quote from: Btcdeybodi on Today at 01:44:03 AM

Quote from: sotelorene on August 25, 2024, 08:15:35 AM

Quote from: SuperBitMan on August 25, 2024, 06:23:31 AM

Quote from: adultcrypto on August 24, 2024, 11:35:03 PM

Quote from: ginsan on August 24, 2024, 09:51:18 PM

Quote from: Zackz5000 on August 24, 2024, 05:45:36 AM

We shouldn't only accumulate Bitcoin when it is dip for it is important we accumulate all season though the dip is just an opportunity for an investor to accumulate enough Bitcoin and HODL but if the goal is only to accumulate when it is dip it will really delay our Bitcoin investment journey. So I think the goal should be keeping on accumulating more Bitcoin and HODL weather the price of Bitcoin is dip or not the importance thing there is how much Bitcoin you were able to accumulate and how long you were able to hodl.

Maybe you misunderstood it because you only focus on one point. I have given an understanding in that post that DCA is the best so in that case we invest with the DCA pattern and also in conjunction with buying on dips.

I don't think we have to argue about which method is the best because what might be the best for you may not be suitable for the other base on their personality or schedule. Therefore, the existence of various methods of bitcoin accumulation is to create some varieties to so that individuals can chose which is best for them. Inasmuch as we know that the DCA method is a great method, there are people that cannot just use that method for example, people who are involved in regular traveling due to their work or business schedule, instead of using the DCA method, they will go with lump sum buy. This does not mean they are doing it correctly, it simply means they are constrained by their work or business.

Provided the intention is to invest and HODL, then whichever method that is adopted is fine. However, for people who have the time and patience to wait their DCA schedule and for the dip to occur, a combination of both methods can be a great arsenal at their disposal.

Yeah you are right, however sometimes what makes you comfortable or what suits you may not be good for you and that is why we are all gathered here and talking about Bitcoin, you may be using a strategy that you are so comfortable with but at the long run you are not doing better in your accumulation so when you see a new idea on how to do better in your accumulation journey you go with it and you must not be comfortable with it.
If you allow everyone to do what they are very much comfortable with that means a lot of offices will be locked, Bitcoin journey will take you a long time especially those who are holding for a long term so you need to engage in a strategy that will yield good result and not the one that will give you sweet rest with bad result.
I'm not saying we should not use a strategy that will suit us or we will be comfortable with, I'm saying if you see that the suitable strategy is not yielding good result dump it and go for the next.

Below are/is what I think makes an investor swing to another strategy

Lets say an investors is into buying lump sum because of the work he does and then suddenly the work stopped paying the initial amount they always pay or maybe the company fold this can make an investor to change his investment plan and on the other hand if an investor is using the DCA method because of the money he received weekly or monthly as the case maybe and then fortunately he got a new job that the weekly or monthly payment is huge this can cause an investor to change his strategy or make him double up the amount he always use to DCA.

You are right on the reasons why people switch strategies while investing in Bitcoin but we should not follow up a strategy that we may not be able to maintain instead sticking to a strategy that you find convenient enough for you will be the best choice instead of switching strategies just because of your current status at that particular period of time

Quote from: sotelorene on August 25, 2024, 08:15:35 AM

However, any strategy can be profitable in Bitcoin investment provided you are doing the right thing at the right time and changing of strategy is more like trading stuff because a trader always rotate on strategy, if a particular strategy doesn't work for them they change immediately just to make sure the market moves in favor of them ( their trade).

Changing of strategies becomes more like trading when you choose to sell within a short period of time otherwise whichever strategy you choose to propagate your investments analysis, it is welcomed provided you are not inconveniencing yourself while trying to adapt to a new strategy.

What determined a convenient strategy is what you have ( your source of income ), if one doesn't have a good source of income whether the person is using the best strategy (DCA) it can never be convenient for the person so a convenient strategy is a function of someone good source of income. For example now, if a business man usually goes to the market with $20 to buy goods or product meanwhile his monthly salary is $100 and then he is been promoted and the salary increase to $200, don't you think the business man will also increase the money he usually use to go buy goods at the market and vice versa but that doesn't mean the $20 is not convenient for him and I don't think investors are tied or band to use a particular strategy for accumulating Bitcoin.