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

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're right, Bitcoin going lower than 20 to $15k would be a very good entry for all investors, but I doubt if Bitcoin would drop to that point or even go below $40k mark my speculation are that it could drop further to $50k by nextweek but that's just a mere speculation and not something people who come across my statement should ponder more on, the wish of investors especially those who are yet to accumulate more or about to start building their portfolio is that Bitcoin should go below this mark and give them a better entry but then like you've said, the market is supreme and since it's not controlled by any organisation or the government investors shouldn't hope on mere speculations, belief or even wishes and flow with the market. Currently the market have even gone below $55k and is struggling at $54k it could either drop more or rise above $55k let's see how it goes.

The price of bitcoin can experience price drop at 40k and it will be under probabilities for the price to crash to the extent of going beyond 30k and 20k, if such happens many people will be disappointed at bitcoin investment and investors will not allow such thing to happen, because if bitcoin mistake fall drastically many people will say that bitcoin is a scam and that will damage the images of bitcoin, so from my understanding of bitcoin and it's values I don't think bitcoin the price will drop more than 50k, because since we experienced 70k in price and the price keep on fluctuating it never pass 50k below in price.

The price of Bitcoin shouldn't be our main focus now what we should have been doing is to accumulate more Bitcoin and forget about it price the reason why the DCA strategy is there is to help an investor accumulate more Bitcoin irrespective of the price level, with the DCA strategy you can accumulate Bitcoin either weekly or monthly and keep hodling for long the goal is to keep on accumulating Bitcoin and HODL for the future so the price of Bitcoin shouldn't be a thing to worry about but to keep accumulating Bitcoin and hodl.

This advice is not worth it, it has a focus/vision but lacks investment dynamism and safety, what is the ultimate goal of Bitcoin price moving up in multiples did not happen, what will be the fate of the investment? So you are wrong to have said we should disregard the price of Bitcoin, if we do that, what type of investor are we? No matter what you think of Bitcoin, you should always have your factor of safety, your investment safety should be your number one goal, and this is why you need the right risk management as you invest.

Tell me, where is the risk management if you do not consider the price of Bitcoin to plan the investment rightly? The DCA investment approach is certainly good as it would help you to average your earnings and risks, but it will be painful at the end of the day if you hardly gain anything from your investment strategy due to the inability of the asset to perform. This is why the price is key. You should also learn the market pattern to assist in speculation and know the right time for the investment (DCA or not).

It may not worth it for you but may be of help to others, if you are focusing much on the price of Bitcoin before you invest you may not be able to if the maybe the price of Bitcoin is high, the price of Bitcoin shouldn't discouraged us to accumulate Bitcoin if you are using the DCA strategy there is no need worrying your self concerning the price of Bitcoin since it will help you to accumulate Bitcoin weekly or monthly regardless of the price level and continue to hodl for a longer period of time.

Look who is talking, it can only be in a forum like this that you will be making mouths on a blatant wrong and still be encouraged to reply back. To refresh your memory, below was the genesis of the argument as written by you;

Quote

The price of Bitcoin shouldn't be our main focus now what we should have been doing is to accumulate more Bitcoin and forget about it price the reason why the DCA strategy is there

Can you read yourself? What a heretic statement. Without wasting my time, I have 3 investment blunder you commited there.

1. Price is supreme in any asset, you can never disregard it and say you are an investor.

2. Bitcoin's future has not been known yet, so why did you make it look as if your plan regarding it is of CERTAINTY? Professional invetsors don't think like that, they plan ahead and manage their risk. You think Bitcoin is perfect and will SURELY reach the moon forever without any challanges? You are a dreamer thinking that way, the best is to face the market reality and act based on the real-time behaviour.

3. The DCA approach is lovely but there is limit to what it can do for you if you do not help yourself. Try to strike the market and peak when other investors are selling maybe the DCA approach would help you.

Quote from: JayJuanGee on September 12, 2024, 04:26:58 PM

You feel that I am more static, but you are not really saying anything in terms of whatever it is that you are suggesting, except that you believe that guys need to ready willing and able to trade, and there is no reason for me to agree with you about that.

Traders can do whatever they like, and find out if their techniques work or not as compared with a more straight-forward DCA approach.

Bro, I've mentioned many times that this is not about trading but investing, I would have been particular about trading if I wanted to. And I don't know the specifics you are referring to because I made myself clear in the previous post before the last one.

In addition, you might read the above reply I had for the OP I replied to from the beginning of this episode and tell me another fault you observe.