Quote from: Promocodeudo on Today at 07:36:59 AM

Quote from: EarnOnVictor on September 23, 2024, 07:36:18 PM

Quote from: cryptoWODL on September 23, 2024, 10:22:04 AM

Quote from: As-Soon-As on September 22, 2024, 11:29:19 PM

But Bitcoin is such a situation that the fear of losing money is close to zero, if he is ready to hold it for a long time then surely Perth will benefit several times. But generally we need to know our Bitcoin buying strategies which we call as DCA method, you can definitely be successful if you buy investment regularly. And if you can buy bitcoins in the deep market it will be possible to hold more.

If you are adopting DCA in investment then why mention dip season. The Dollar Cost Averaging method is where you purchase bitcoins for investment purposes on a weekly, monthly or quarterly basis. My only point of mentioning this is that since you are buying bitcoins for investment with a certain amount of money over a period of time then why should you wait for the dip season.

He is waiting for the dip season, and for this, he is more reasonable. The DCA strategy might have been overhyped by many of you, but it also has its downside, and if waiting for the market to dip before he applies it to maximise his profits, why not?

A clear explanation goes for those who were overbearing by Bitcoin as far back as 2021, they bought the coin at $68,000 in the name of having believed in Bitcoin and DCA strategy is supreme, can they still be in profits after over 3 years (in 2024) judging by the current price of Bitcoin? The answer is a capital NO. This is why we should rather be reasonable than be brainwashed by a certain strategy. No doubt, the DCA strategy is a very good one, still, the right applications matter depending on the market condition and not just buying and buying even as the market is clearly at an overbought region.

Any reasonable and experienced investor must consider other factors like that for him to know when is the best price to strike the market. Above all, the price you buy matters regardless of whether you DCA or not, which is what @As-Soon-As was trying to explain because you will gain more and be even safer buying the dip than buying at the peak. Who does that in the history of investing except such a person is inexperienced?

It is funny to hear that an intending investors is more reasonable in his investment plans just because he is waiting for the dip season to come before he can invest, this is the first time am hearing that and its very surprising to me, @EarnOnVictor with what you have said already it means that your advise to newbies is centered of changing thier mindset to buy during the Bitcoin dip season, if that's the case, what if the dip season doesn't come very quick, that's to say that the investor will keep waiting until the price dips, do you also know that in the course of waiting for the dip to come the person or individuals involved may tamper with the funds set aside for the said investment and that may be the end of the road for them in bitcoin investment.
The reason why many people advocate for DCA method is because it gives you opportunity to use whatever you can afford to invest constantly, slowly and steadily instead of waiting for the dip season to come, and who said someone using DCA method to accumulate Bitcoin can't benefit much too during the dip season, no one is over hyping DCA method as you said, is just that it has proven to be the most efficient and easy going method of accumulating Bitcoin by intending and existing bitcoiners.

Going by what you said about people that bought Bitcoin at 68k in 2021 with DCA method, it seems as if you ain't putting records straight, this year 2024 we all saw Bitcoin reach its ATH thats 70k and above and as an optimistic bitcoiners, we still believe that Bitcoin price is going to surpass the previous ATH, Bitcoin is not doing bad this time as it is in 60k plus which is also close to the previous ATH, I think no one is brainwashed, it is a matter of choice and something that will allow you to invest easily without pressure.

Even experience investors buy with the DCA method but buy in large sum once the price dips because the can't wait until the price dips, they understand that Bitcoin is a volatile asset thats is capable of making funny movement that they might regret not being part of, so for me I don't support your idea of buying the dip only since Bitcoin is a long-term investment buying at all time irrespective of the price check will help you to have a bulky portfolio overtime without pressure and stress of any kind.

Just to be clear. A person who started buying $100 per week of bitcoin in a DCA style in early 2021 would have gone through a couple of BTC price peaks in 2021, yet such person would have had invested right around $19.5k and would have had right around 0.586 BTC (currently valued at about $36,300). That is right around 86% in current profits, and with an average cost per BTC of $33,376. Yeah sure such person is not going to be stupendously rich, but still any of us should likely realize that it takes time to build up an investment portfolio, and trading is unlikely to get us to a great position faster than staying focused on ongoing and persistent investing, which is accumulating BTC through the buying it and not fucking around with selling it, especially if our goal is to accumulate it..

Quote from: EarnOnVictor on Today at 11:24:22 AM

Quote from: Promocodeudo on Today at 07:36:59 AM

[edited out]

Bitcoin has made many people lazy investors since it is such that you can buy and leave and over time, it will still go back to the level regardless of whether you will hardly make a dime from it or not.

In late 2015 there were plenty of guys waiting for lower than $200 BTC prices, or fearing that such prices would play out, so they did not buy bitcoin or enough bitcoin while BTC prices were in the mid-$200s for most of 2015, and by early 2016 we were no longer going to see sub $300 prices ever again. How are those guys doing?

In late 2016 and even into early 2017 there were plenty of guys waiting for lower than $500 BTC prices, or fearing that such prices would play out, so they did not buy bitcoin or enough bitcoin when BTC prices bounced between $350 and $250 in the beginning of the year and between $550 and $800 in the later part of the year, yet by early 2017 we ONLY saw one dip to about $800 and mostly thereafter there were no longer going to see sub $1k prices ever again. How are those guys doing?

In late 2018 and even lasting into early 2020 there were plenty of guys waiting for lower than $2k BTC prices, or fearing that such prices would play out, so they did not buy bitcoin or enough bitcoin when we had a lot of opportunities to buy $4k to $6k range until May 2019, and by May 2019 we barely saw sub $6.4k, except for the one extra-ordinary dip that we saw down to $3,850 in March 2020, with a fairly quick return above $6.4k (within less than 4 weeks the BTC price was back above $6.4k). Thereafter we were no longer going to see sub $6.4k prices ever again. How are those guys doing?

In late 2022, there were plenty of guys waiting for lower than $12k BTC prices, or fearing that such prices would play out, so they did not buy bitcoin or enough bitcoin when BTC prices were below $20k, yet by March 2023, sub $24k prices were never seen again. How are those guys doing?

In late 2023, there were plenty of guys waiting for lower than $24k BTC prices, or fearing that such prices would play out, so they did not buy bitcoin or enough bitcoin when BTC prices were between $25k and $30k, yet by late October 2023, sub $33k prices were never seen again. How are those guys doing?

These days, there seem to be plenty of guys waiting for lower than $49k BTC prices, or fearing that such prices will play out, so they have not been buying bitcoin or enough bitcoin when BTC prices were below $60k. Sure, it is too early to know whether BTC prices will return below $60k again or not, and surely some guys are still waiting for lower $50ks or even much lower BTC prices. How are those guys doing? or how are they going to do if the BTC price does not again visit sub $60k? I am not going to claim to know, yet I have frequently seen that it tends to be a good and a good practice to prepare for up, just in case, and overly preparing for down, or even selling on the way up for any guys still accumulating BTC, their BTC stash has not tended to fair very well when they are selling on the way up and hoping to back more on the dip... dips that sometimes do not end up happening.

Quote from: EarnOnVictor on Today at 11:24:22 AM

Where they start having issues is when they buy at the peak and Bitcoin never returned there for so long, is that a smart investment when losing or earning little for too long?

There is no reason to try to berate investors who might have had started investing into bitcoin either during a price rise or while the BTC price is dipping - so that yeah, surely there are going to be some times in which the BTC price goes down after investors have invested into bitcoin.. .and sometimes the BTC price can go down for extended periods of time after a person had started to invest into bitcoin. The mere fact that he started to invest early, that he stayed into the investment or that he continued to buy BTC as the BTC price was dropping would not make him a "not smart" investor as you seem to be suggesting.

No one really knows where the BTC price is going to go, and waiting does not seem to be a good way to prepare for UP in case the BTC price ends up going up rather than either down or sideways. There is no way that any of us can really know if we are sufficiently and/or adequately prepared for up, unless we are continuously, ongoingly and persistently buying BTC no matter the price and/or until we get to a point in our BTC stack size that we are feeling that we have enough BTC to be prepared for up.

Yeah, retrospectively, we can look at the BTC price, and we can see that we might have had preferred to buy BTC during certain dip periods rather than at or near BTC tops, yet at the same time, those BTC price charts ONLY become clear after the time had passed, and many times (if not most) we cannot really ever know in advance if the BTC price might be going to go down rather than up. I have been watching BTC charts for nearly 11 years, and I don't claim to hardly know which direction the BTC price is going to go in the short term, yet at the same time, I tend to consider that in the longer term there are decently good chances that the BTC prices are going to continue to go up, so in some sense even if we cannot know if there is ever going to be a dip, it is better to ongoingly, consistently and persistently buy BTC rather than sitting around waiting for dips that might or might not end up happening. Sure, the more BTC that we accumulate, the more justification there might be to hold back some value to prepare for buying dips, yet without necessarily getting too greedy in regards to how much of a dip that we might need in order to employ whatever extra capital that we might have.

Quote from: EarnOnVictor on Today at 11:24:22 AM

Investing is never by force, that's why we should be reasonable. I see no hurt in wanting to apply the DCA approach but first consult my trading chart to know the market condition. If the market is either overbought or diverging towards the bearish side or already started selling, why not wait until the dip effectively happens before DCAing? That is smarter and you even make more than the person who would buy it from the peak. I don't know why that's difficult for many of you to know as someone's style. All you want is a blind investment approach, I can't join you on that.

Sure. There might be times in which some value might be held back. Are you suggesting that we currently are in such an overbought location? or heading towards a bear market? I don't believe in bullshit about switching back to bull and bear, and I do agree that sometimes when we know that we have entered into a bear market, it might have had already been happening for a while... .. yet trying to really predict on short-term scales seems a bit fanciful, even if you claim that you are able to do it.

Quote from: Zackz5000 on Today at 05:09:52 PM

Quote from: Odusko on September 23, 2024, 04:59:13 PM

Quote from: As-Soon-As on September 22, 2024, 11:29:19 PM

[edited out]

I weep for myself after losing all my capital from trading a shitcoins last week, and this made me very sad and disappointed in shitcoins, because their are more or less a gamble and anytime we have to make a choice on which coin to hold or trade in, we should look away from shitcoins because we only draw closer to loses if we make a choice on them.

Let me start by asking are you not aware that shitcoins are unreliable coin to invest on? Shitcoins are unreliable to invest on because at the end you will definitely regret investing of shitcoin, though experience is the best teacher I believed you have learnt from your mistake now.
The best coin to invest on is Bitcoin if your plan is to accumulate Bitcoin and hodl for long.

How could you have any confidence that Odusko has learned any kind of lesson, except that he is whining based on some recent mistakes that he had made in regards to shitcoins.

I doubt that people learn any lesson merely by saying that they learned a lesson.

The main way to know that Odusko has actually learned a lesson is with the test of time, and surely many of us likely already realize that if we have been investing for a long time, then we likely know that we make many mistakes in our investment lifetimes, and hopefully we try to learn from our mistakes and to improve our practices. I don't necessarily believe that any one of us has actually learned a lesson based on our stating that we learned a lesson, even though surely recognizing the mistake is a step in the right direction, yet it takes a whole hell of a lot of time to build up an investment portfolio, so within the journey of building up the investment portfolio there are more and more chances for more and more mistakes.

Sometimes it is also difficult to stop a gambler who wants to take short cuts, and so frequently gamblers get burnt over and over and over, and sure in the earlier years of building up an investment portfolio there are likely areas of improvement and potential for improvement, yet at some point, the time runs out, since part of the great advantages of actually having an investment mind rather than a trader, gambler or a shitcoiner mind is that there is a need for patience and to use time to your advantage, and at some point, the investor no longer has 4-10 years or longer that he is able to invest, and even with bitcoin, those folks who have more time are likely going to be able to do much better than someone who might try to merely use ONLY one cycle to get in and out of bitcoin, versus the person who plans to stay into bitcoin for life.

TLDR.. Talk is cheap... even though surely recognizing the issue is helpful in terms of actually being mentally able to take prudent and meaningful actions to rectify the mistakes.

Quote from: Zackz5000 on Today at 05:09:52 PM

Bitcoin has been tested and trusted even if you accumulate Bitcoin and the price dip do not panic because it will definitely rise back that is is the movement of BTC if your plan is to accumulate and hold for long you will definitely make profits in the future.

Bitcoin is not guaranteed to go up or to pay off, so each of us has to figure out our investment approach and the size of our investment, including how aggressive (or whimpy) that we might want to be in regards to our bitcoin investment.

Quote from: Zackz5000 on Today at 05:09:52 PM

With the DCA strategy you can accumulate Bitcoin regularly either weekly or monthly and hodl for long as long as your discretionary income has been made available.

Yep.. Surely we should be investing from our discretionary income and figuring out various BTC accumulation strategies, whether that is DCA, lump sum and/or buying on the dip.. and yeah, having a 4-10 year or longer timeline is probably helpful.. and yeah, if we cannot resist but to get involved in shitcoins or trading rather than strictly buying, we should attempt to limit (without cheating) those kinds of gambling activities to less than 10% the size of our BTC holdings... so yeah, if the various shitcoins and trading are not profitable, we should not be continuing to take 10% from our bitcoin, even though surely any new money invested into bitcoin could be 90% into bitcoin and then 10% into shitcoins, gambling, trading and that kind of bullshit that might still help us to satisfy some of our curiousity, but yeah, if we are overly obsessed with various shitcoins and/or trading projects, then we likely are still overly investing time and energy into that crap, so we might need to bring ourselves back to focusing on 90% into bitcoin, yet if we cannot control ourselves, it may well be better to just completely say no to shitcoins, gambling and/or trading for several years and then see how that kind of a complete abstinence from gambling practices ends up playing out.