Quote from: EarnOnVictor on Today at 08:27:27 AM

Quote from: JayJuanGee on September 04, 2024, 03:15:17 PM

Quote from: EarnOnVictor on September 04, 2024, 02:39:45 PM

Quote from: Zackz5000 on September 02, 2024, 12:52:44 PM

The dip is only an advantage or an opportunity for an investor to make use of by accumulating enough Bitcoin so is not bad accumulating when it is dip where it is wrong is when an investor wait for the dip before accumulating.
The strategy you are using to accumulate is the DCA strategy for it helps you to accumulate Bitcoin consistently either weekly or monthly as long as your discretionary income is intact and hodl for long 4-10 years and above.

I like your advice about buying the dip but certainly not the specification of 4-10 years, we should be flexible about this and it depends on the investor's plan and the prevailing market condition. I don't see myself HODLing my position for too long if the market is not breaking its ATH for months and even years, I would rather plan a smarter Bitcoin investment by carefully studying its condition for a while and average what it would likely do afterwards.

By that, I would have known the best place to regularly buy it when it dips and the regular place I would liquidate it when it reaches certain highs to repurchase at certain lower levels again. If such has been done since the beginning of this year I wonder how much the investor would have realized already. However, if Bitcoin can get lower to about $15,000-$20,000 again, HODLing is still good for it because the level is lower enough to give you a rest of mind and still earn well for you over time.

Again, if Bitcoin dips very well like that, I see it as pointless DCAing, and I would commit all my money to it at once in such a situation. This is to hint that DCA is smart in some market conditions but not when the market is already very cheap, what do you intend to lose in that situation?

You seem quite unrealistic if you consider that $15k to $20k to possibly be in bitcoin's cards, and it may well be the case that BTC prices in the $30ks or even $40ks or even sub $55k will never be seen again.

I don't know why I am this surprised seeing our post above, but first, I am happy that the market has proven you wrong already by hitting $55,000 this week, we should be realistic with the market's development and not our beliefs alone, the market is supreme regardless of our idea. I will continue to tell this to every investor, not only in cryptocurrency.

Regarding what you actually replied to, let me assure you misquoted me, I never mentioned emphatically that Bitcoin is going lower to $15000-$20,000, read it again. I only assumed the levels would be reasonable for investors if Bitcoin reached there. It was just an example.

You are correct. I misread your actual point about proclaiming that the bitcoin price could go down another $15k to $20k.. I read it as you suggesting $15k to $20k prices to be within the realm of expectations, which surely I should have realized that even for you that is a bit overly nutso.

Yet, even if you were talking about a drop of BTC prices by another $15k to $20k, I suppose it could have had been good for you to clarify if you were talking about dropping BTC prices from current prices (from the point that you were typing your post) or from some starting point that you would like to have had referenced. If you were referring to starting from the ATH (of $73,794 in March) then that would hardly have had made any sense, since we had already reached that zone of a $15k to $20k drop at the time of your post, so it would hardly have had even been a prediction...anyway (at least not any kind of bold prediction, yet sure predictions don't need to be bold in order to be predictions).

Yes. I misread you, and likely you could have written with a bit fewer puzzles in terms of the meaning of what you were wanting to say.. and perhaps not seeming to want to get into some kind of a "gotcha" situation, since we should be attempting to share information here (and maybe battle a bit about ideas), so I hardly see any value to creating "gotcha" situations, unless you really don't want to talk about ideas.

In any event, I otherwise stand by whatever points that I made in regards to your suggesting that either BTC trading is a good idea or that selling BTC is a good strategy to accumulate more BTC.. especially for bitcoin newbies or perhaps even anyone in their first bitcoin cycle. One of the best strategies in BTC is to largely focus on accumulating it for a decent amount of time, and frequently it takes a long time to accumulate BTC, except for some folks who are able to front-load their BTC investment because they have other assets or otherwise available cash to use for buying BTC. An overwhelming majority of people are not so liquid (including rich people), so an overwhelming majority of normal people take time to actually establish a meaningful position, frequently 1-4 years at minimum, yet it is probably even more common that they are going to need more than 4 years to establish a meaningful position if they might be wanting their BTC investment to help them to reach something like fuck you status or something close to that.

Surely, I am not opposed to the idea of selling BTC on the way up for guys who might have reached a status of overly accumulated bitcoin, yet even my perspective about selling BTC on the way up is merely to take profits from some of the extra accumulated bitcoin and even perhaps provide some insurance for downside BTC price movements that might come. I don't consider any selling on the way up as a reasonable or practical method to accumulate more BTC - especially since anyone (especially normies who are not trained or experiences in trading) who determines that he does not have enough BTC would most likely be way better off to stick with accumulate BTC through buying only techniques rather than taking unnecessary and likely not productive chances with selling BTC (which may well end up as spinning wheels by selling BTC with one hand and buying BTC with the other, when the main goal should most likely be buying and accumulating BTC, and yeah normies even get mixed up with their goals, and they start to wrongly believe that their goals is to stack short-term dollars, which truly not even a good strategy, especially for folks who are ready, willing and able to establish long term BTC investment timelines).

Quote from: Ruttoshi on Today at 03:29:19 PM

Quote from: Popkon6 on Today at 03:10:47 PM

Quote from: Moreno233 on Today at 02:28:20 PM

I think the point he was trying to make was that there was no strategy that does not have its disadvantages and advantages and not necessarily how he put it because the strategy with which the Bitcoin is purchased is not what lead to loss but how the investment is managed after they have been acquired is what shows the level of loss the investor will be exposing it to. We should not forget that losses in Bitcoin is only possible when we sell and it is completely something of choice to lose in Bitcoin because if you refuse to sell, your 1BTC will always remain the same quantity in your wallet. If you can just hold a little longer, the value will go higher and you will not be selling at a loss. This is the reason the investor must endeavor to buy with amount that can allow him hold longer and not be forced to sell at a loss.

Of course, if the investor invests in Bitcoin, he can hold it for a long time, but in this case he has to follow the DCA method. Because investors will continue to buy dips using the DCA method as they see current Bitcoin market volatility. In this an investor will invest for a long time and it will help you to keep it for a long time, usually if the investor is lazy in adopting the strategy he decides to sell the bitcoins.
So every investor should follow the DCA method if he will be able to hold Bitcoin for a long time. And he can hold the bitcoins again for as long as he wants without any problem if the DCA strategy is followed.

Using DCA method to invest in bitcoin is not a guarantee thay you will be able to hodli for long because if you DCA wrongly by not using the right amount from your discretionary income to DCA and have your emergency funds and reserve funds available, you will end up selling your bitcoin.

A rich investor can start his bitcoin investment with only lump sum from time to time and hodli for long. He would not sell any of his bitcoin till at his own will. Example is MicroStrategy who has being on bitcoin purchase through lump sum and he is still hodling those bitcoin. Using only lump sum strategy is mainly practiced by the rich because they have huge income and they can lump sum without any problem due to fat discretionary income.

An average man or poor man needs DCA, because he has little discretionary income and from there, he can use part of his discretionary income to buy little by little whenever he gets paid regularly for a very long time. DCA will also help him take advantage of the opportunities in the market due to bitcoin price fluctuation. However, a rich man can still use DCA method because DCA is for everyone.

All of your points are largely correct Ruttoshi, yet you are still categorizing them in ways that are somewhat confusing, and maybe I can start with the idea that lump sum is ONLY for the rich, which is not true, even though the rich would likely have more opportunities to either have lump sums come available to them or to create situations in which lump sum could be made available to them. Anyone is going to be able to use lump sum in events that they might come across extra cash and have to decide what they are going to do with it. Yes, I will agree that someone who is really poor might have fewer instances in which they come across some lump sum amounts, yet sometimes poor people come across lump sum, yet they are so much not used to investing that they don't even have any plans about how to use the lump sum in terms of investing rather than other areas that they might apply their lump sum, which might not even be wrong, yet once any of us become used to investing, we may well recognize that even if we are poor sometimes we still might come across extra money that is outside of our normal income, so then we can consider how to use that extra money for investing. So, lump sum does not so much have to do with the amount of money that comes available, but instead regarding how we might categorize it and think about how to divide it up, in the event that maybe we receive an amount that is equivalent to 1, 2, 3 or more months of our income/expenses.. So someone who is usually making $300 per month, and is investing $10 per week into bitcoin, and all of a sudden gets an extra $600 or $900, then that amount is a lump sum, even though they might choose ONLY to invest a portion of that into bitcoin.

Regarding your Saylor/MSTR example, I frequently like to characterize Saylor as employing a bit of a DCA strategy, even though he is working with large amounts and he is continuously figuring out ways to generate more available money to buy bitcoin, yet he has a kind of regularity to his BTC purchases that seem to be established around every quarter (or at least reported quarterly), so that in some sense the continuity of his behavior contributes to his regular purchases as being closer to DCA than they are to lump sum, and another thing about his BTC buying practices, he seems to want to buy BTC pretty much as soon as the money comes available, which is another characteristic of DCA... so with DCA, we are regularly buying BTC from within our discretionary income as soon as the discretionary income comes available (or that we have decided to which portion of the discretionary income is allocated towards bitcoin buying), and yeah, some folks set up their DCA regularly so that the DCA buy falls on the same day every week, yet the DCA can surely be considered as being employed within timelines of authorization.

Don't get me wrong, even though some folks want to employ their DCA quite regularly, such as once a week, the DCA does not have to be employed exactly on that same timeline and there can be some irregularities in regards to how the DCAs are employed, and those irregularities might come based on uncertainties in cashflow including that some folks might not exactly know how much discretionary income that they have each week or maybe even each month until their pay check comes in and also after they receive a few of their expenses calculations (such as bills coming in), so they might attempt to estimate how much BTC they are going to be able to buy, but they might not feel comfortable executing actual buys until they are able to confirm the amount of their paycheck and/or the amount of certain of their expenses, yet they still might be employing DCA even though the DCA might be both irregular in the amount and irregular in regards to the exact timeline that it will become authorized (available) for buying BTC.