Quote from: Wind_FURY on Today at 01:37:51 PM

Quote from: JayJuanGee on Today at 12:50:43 PM

Quote from: Wind_FURY on Today at 05:00:14 AM

Quote from: Obim34 on September 11, 2024, 09:03:13 PM

[edited out]

Personally, I believe that you should do what's best for your own personality and where you are most comfortable. Some people like to buy the DIP to take advantage of discounts during bear markets or during large crashes, some like DCA. There are also some people who like both. It's about YOU and your personality.

Yeah but who gives any ratt's asses about you and your personality if you don't have any BTC, then you should not be fucking around using waiting as your investing strategy,

But you may have missed the point, ser. Because those people who would be more comfortable in buying the DIP would have already bought the DIP.

How would you presume that I missed whatever point you were attempting to make without much clarity in regards to what kind of person you are talking about, and your further attempts at clarifying are also not very helpful because they are vague and they still seem to emphasize vague and even seemingly dumb strategies that involve waiting for the dip.

There are a lot of ways that people can start out in bitcoin and surely their particulars circumstances will make differences, including if they had already been buying BTC, whether they bought bitcoin on the dip or they bought bitcoin at some other time.

I think part of the justification for not to be changing the name of the thread is that you cannot get "buying the dip" out of your head as if it were subliminally a preferred way of establishing a stake in bitcoin, and surely I have no problem with buying dips or incorporating buying the dip into some of the BTC accumulation strategies, especially if buying dips does not end up involving way more waiting for dips (which is not a great strategy) rather than actually buying BTC on a regular basis (which is likely a better strategy for most people).. so surely part of the dilemma that anyone has is to figure out the extent to which he is going to be content if the BTC price ends up going up rather than going down, and if the BTC price ends up going up, has he come to a comfortable point in his BTC stacking journey that he is not regretting for not having had bought more at the lower prices, and so if someone is sitting around and allowing fiat to stack up because he is waiting for a dip, then he likely is not employing good BTC accumulation practices, financially or psychologically... even if you want to suggest vague notions that people can do whatever they want, and most people when left to do whatever they want, end up not doing anything.. .which ends up damaging them in the end, even if they were doing what they wanted to do. So investment in bitcoin is likely more of an active an proactive kind of behavior rather than a waiting around strategy, even if you seem to continue to enjoy to promote your buying on the dip waiting strategy.

Quote from: Wind_FURY on Today at 01:37:51 PM

Plus it's not about what you believe is what's "perfect" for each and every individual. The point also is for each and every individual to choose and know which investment strategy fits their own personality because each and every one of us are different, no?

¯\_(ツ)_/¯

Of course, each of us is tailoring our approach to our own circumstances, and anyone who is brand new to bitcoin may well take some time to build up a bitcoin stack, so there should be a certain value that comes from ongoingly building, perhaps for a whole cycle before employing waiting approaches to the investment. How much extra disposable income is available and how much BTC has been bought might end up affecting the extent to which some holding back of fiat might be practical for any particular person. Some folks might not even know their own circumstances well enough, yet surely the longer that they had been stacking BTC then maybe the more likely that they might start to feel comfortable that they have enough BTC and waiting might be a better practice.

We might even need some specific example to really flesh out these kinds of points rather than speaking in generalities, and maybe we can describe some hypothetical person who might have had gotten involved in bitcoin in early-to-mid 2021.

So maybe we can say such person is in his late 20s in early 2021, and has an income that varies between $2k to $3.3k per month (maybe averaging around $2,400 per month and so $28,800-ish per year), and maybe his expenses are anywhere between $1,600 and $2,500 per month (averaging around $1,900 per month and around $22,800 per year) so there is some variance in the guy's discretionary income, and maybe by early 2021, he had saved around $12k (some of it invested, some of it in various back up cash funds).

And, so the guy learned about bitcoin while the BTC price was going up in early 2021, and he read quite a bit about a large level of confidence that BTC was going up to at least $100k and maybe even $200k in 2021, and even though he was considering investing into bitcoin for 4-10 years or longer, he also considered that it would be nice to start out building his BTC investment stash from some kind of a dip rather than starting when the BTC price was going up, so he had considered that when he was starting to buy the dip in April/May 2021, he bought $5k worth of BTC at $50k (which would be 0.1 BTC) so then he also decided that he was going to continue to DCA buy BTC at $100 per week, and maybe buy some more dips later down the road, so he ended up budgeting right around $100 per week, so since May 1, 2021, he had invested right around $17,600 through DCA which resulted in an additional 0.5298 BTC, so his total BTC stash right now is 0.6298 BTC (spot price valued at $36,636 - 200-WMA valued at $24,539) that he had purchased for right around $22,600.

So maybe in our hypothetical we might want to say that our guy bought dips rather than buying DCA, yet it is really difficult to figure out how that would have had been done with any kind of knowledge when the dips were going to be, yet even with mostly a DCA strategy, he still is not in a bad place after right around 3.5 years investing into bitcoin.

So whether measuring the value of his BTC holdings from spot price or from the 200-WMA, the hypothetical guy is in profits, yet he still might not consider his BTC stash to be even close to enough for his own personal goals, since maybe tentatively he would like to get to having 10 years of his expenses to be covered by his savings/investment into BTC, and with current expenses around $1,900 per month, he considers his annual expenses are around $23k, so he would like to get to at minimum of around $230k in regards to the 200-WMA valuation of his stash.... and he also expects that the amount that he is going to need will likely go up too, so he may well be aiming at getting to somewhere between $500k and $1million in terms of the valuation of his BTC stash in the 200-WMA. So maybe currently he is around 1/10th of the way towards reaching his goal, but more likely he is ONLY around 1/20th of the way to reach his goal, which is also not a bad place to be after ONLY investing in BTC for 3.5 years, so he remains optimistic about continuing to invest in BTC for the next 4-10 years or longer..and with the rate that he is going, he still considers that his ongoing investing into bitcoin may well still take him another 10-15 years to reach his goals, yet still partly depending on how BTC prices do during his ongoing BTC accumulation process too.

Yet should this hypothetical guy continue to buy BTC through DCA methods as he has been doing and/or buying on dips or some other ways to go forward?

How is he going to know if he is being disadvantaged if he continues to buy and the BTC price is going up?

How is he going to know if the BTC price is going to dip or not?

Sure, we can even proclaim that this hypothetical guy will sometimes get extra bonuses of cashflow from work 2-3 times per year that might be anywhere between $2k and $4k... yet one of the ONLY ways to continue to know that he is making progress in building his BTC stash to greater amounts is likely through ongoing, persistent and consistent buying, and maybe he might need to continue to DCA through another whole cycle or two before he might start to feel comfortable that he is starting to get close to his goals or that he can move away from DCAing.. and surely his getting close to his goals is also partially dependent upon what the BTC price does during the next couple of cycles, and historically, the 200-WMA has continued to go up more than 20% per year, which means the stash of bitcoin that he had already accumulated goes up, yet it is also like that his purchasing price per BTC is still going to continue to go up, too, so there an be a bit of confidence in those kinds of metrics (such as the 200-WMA), even though bitcoin price is not guaranteed to continue to go up, so the guy ONLY has his own circumstances to balance out in terms of how much he might want to continue to DCA versus if there might be some other tactics that he might be able to try to do such as buying the dip, and surely maybe the guy has already made considerable efforts towards trying to increase his income and to cut his expenses, yet he also might have limitations in regards to how much he is ready, willing and able to do based on his own particular financial and psychological circumstances.

Do you have some kind of suggestion regarding what this kind of a guy should be doing in regards to DCA versus buying on the dip, and recommendations that he should be fucking around trying to figure out when there might be dips or not? or maybe he should just keep buying regularly for at least another cycle or two before he starts to feel like he might fuck around with trying to figure out dips? Yeah, it is easy to see historical dips, but seeing dips going forward is likely not as easy of a task as you might believe it to be, especially when we are dealing with the reality of real people rather than just talking about vaguenesses in regards to dips might or might not end up happening.

Quote from: $crypto$ on Today at 01:46:00 PM

Quote from: JayJuanGee on Today at 12:50:43 PM

Quote from: Wind_FURY on Today at 08:59:19 AM

That simple "line" holds historical significance in Bitcoin, although "some people" may disagree.

Quote from: Promocodeudo on Today at 07:18:33 AM

what if the price of Bitcoin keep soaring, are we going to still be waiting for the price to drop before we invest? What if in the process we spend the fund while waiting for the dip time to come? I think this are discouragement mindset and I see them as procrastination that tends to divert our attention from from doing what we ought to do whenever we are ready.

I believe you're applying the wrong attitude towards choosing a DCA strategy. A DCA investor accepts the condition that he/she can't predict the market, and therefore purchases an asset in a fixed amount/in regular intervals. Telling yourself, "what if the price of Bitcoin keep soaring", will merely lead you to FOMO.

If you are holding back money and not investing, then you may well be led to FOMO more easily than someone who is already investing (through DCA) on a regular consistent and persistent basis.

What's the point of holding money without investing?

First off you are misquoting me, and Wind_FURY had made the statement "If you are holding back money and not investing......"

Second, he seems to be wrong about that, as you pointed out.

Quote from: $crypto$ on Today at 01:46:00 PM

Maybe because it's waiting for an uncertain downturn? Obviously this will be easier to get FOMO when bitcoin has soared and he doesn't invest but just holds it while other people who are successful with consistent DCA continue to experience the profits he does all the time with his DCA then those who hold money will FOMO and buy bitcoin prices at high prices, it is not wrong to buy any bitcoin price as long as the long-term is 10 years, but we know people who are FOMO will usually feel easy to panic again when prices fall.

You are correct that the investor who is ongoingly buying BTC is way less likely to FOMO, and yeah sure there are different levels of aggressiveness, so if someone might have had been overly whimpy in his DCA strategy and holding back a lot of money, then he might get nervous if the BTC price goes shooting up and he had been holding money to buy on dips that did not end up happening.

Quote from: $crypto$ on Today at 01:46:00 PM

Unlike an investor whose DCA strategy will remain consistent under any circumstances.

It is more likely that a person who is ongoing investing with DCA is going to be interacting with his BTC portfolio more, yet surely there are investors who might drop the ball, get lazy and attempt to be overly strategic with their DCA and then end up screwing up by failing to buy at the bottom and then overly buying when the BTC prices are going up.. so yeah, it is likely better to just try to be more consistent when possible with the DCA, even though surely some people do get some satisfaction by trying to be somewhat strategic and it might not hurt matters too much if they don't end up over doing their strategies and then getting it wrong and then failing to DCA in a way that is more consistent with their income rather than fucking around trying to figure out if the BTC price is up or down or sideways. Maybe after one or two cycles of ongoing BTC accumulation they might start to get into a better position to be tweaking their DCA approach, yet surely there is a lot of variance in how tweaking might be employed in reasonable ways that don't devolve into gambling rather than continuing to emphasize investing and building of the BTC stack through non-gambling ways..

Quote from: DaNNy001 on Today at 02:32:06 PM

Quote from: Wind_FURY on Today at 01:37:51 PM

[edited out]

What's there to wait about? I think people who aren't holding are either just scared or really not that into keep Bitcoin because I believe even till date there are still lots of people who don't actually know about the true essence of holding Bitcoin rather they just dive in due to maybe what people are saying about it and those kind of person just give excuses because I see no reason to wait if you already have the mentality and know that Bitcoin is steady growing despite it downturn and bear season everything at the end still results to a new and bigger price just that time is the one holding everything so it's better to have a blank space mind about the price and just continue buying and holding till the price gets your attention to sell maybe for like 8-10 years or even more that's if you have the balls.

It seems to me that any of us should be able to structure our BTC investment in ways that we do not necessarily need to have a lot of "balls" to hold it, since historically, bitcoin has been amongst the best of investments (and really probably the best investment), yet at the same time, there is no real evidence that bitcoin's investment thesis is getting weaker, even if the upside potential might be getting smaller, but bitcoin continues with a strong investment thesis, so we merely have to figure out a position size in bitcoin that is comfortable for our own circumstances, and if bitcoin remains a good investment into the future, there is no need to even take super aggressive buying stances in order to still be able to have very decently good likelihood of profiting from bitcoin into the future.