Quote from: Ishicryptic on Today at 10:14:53 AM

Quote from: JayJuanGee on September 28, 2024, 09:19:32 PM

[edited out]

I believe that DCA method to accumulate Bitcoin is best suited for average and low income earners who doesn't have a lump sum to buy in dip and relax for as long as they want, probably in years. The price of 1 BTC can be a discouraging factor for those that can not afford it so the best strategy for them to accumulate and grow their bags is to choose a feasible method and their is no better way than through DCA.

Well.. many people, including newbies, get distracted into thinking about accumulating a whole BTC, which is bordering on retarded.. even though I know that a lot of folks get sucked into the unit bias of our BTC naming, and hardly any of the newbies knows what is a satoshi, which might well suggest to them to accumulate BTC aggressively within their own means rather than getting caught upon the idea or even the need to accumulate a whole unit.

Sure, 1 BTC is still in grasp for some normies to reach, yet it seems more realistic that most people should be figuring out various other more realistic BTC accumulation targets.. such as 10 million satoshis, or 2.1 million satoshis or even starting with a target of 1 million satoshis night well be quite reasonable. and with the passage of time, if certain lower threshold BTC accumulation targets are reached, then it might become feasible and/or reasonable to shoot for higher BTC (satoshi) accumulation levels.

Even a guy who is buying $100 per week worth of BTC does not seem very likely to be able to reach a whole BTC after 10 years of investing.. if that might be all that he is doing and if he is just starting now.. and surely, I am not even suggesting that $100 per week is a small amount, yet I am suggesting that it is important for newbies to work within their budgets in order to be as aggressive as they are able to be without overdoing it. .and many folks may well not be able to reach even close to a whole BTC, yet they are likely to be way more advantaged by having had invested into bitcoin as compared with if they had not invested into bitcoin.

Quote from: Ishicryptic on Today at 10:14:53 AM

Someone can argue that if you have enough money to convenitly buy a large amount at once then what is the essence of stressing yourself to do DCA every week or monthly. For people with huge amount of money to buy at once, what they will concern themselves with is the right timing to buy. With the accurate knowledge of Bitcoin the investor will know better to buy in dip, hodl and wait just like any other hodler. Investors with lump sum that understands Bitcoin seasons can choose to wait for a full circle that will lead to another bear run and accumulate again during dip. The difference between the regular investors that adopts the DCA method and those that buys with lump sums is that the former buys in Satoshi according to what he can squeeze out from his income while the latter buys approximately 1 BTC at once because he can afford to. The common ground for the person that does DCA method and the other person that buys with lump sum is that they aim to have sizable amounts of Bitcoin to enjoy returns on investment in the future. Whichever method an investor chooses according to his income whether DCA or buying at once with a lump sum they both have the believe that Bitcoin as an asset will always increase in value on the long term.

Each of the BTC accumulation methods can have their advantages, yet as you suggest the poor person does not really have a lump sum option, so if the poor person ever wants to make progress, then he is generally going to be better off to be trying to accumulate BTC regularly, persistently and consistently with whatever level of discretionary income that he believes that he can dedicate towards BTC.

Richer folks, who have lump sum amounts available from the start still might not be advantaged over the DCA buyer if they fail/refuse to act. Over the past 10-13 years, we have plenty of examples of ongoing, consistent and persistent DCA buyers who had ended up passing up their contemporary peers and even passing up people who were otherwise in a richer demographic, which was due to both their awareness of BTC and their ready, willingness and ableness to act upon their knowing about BTC. Sure, they might not have had known about BTC with confidence, yet if they engaged in some kind of a decent investment plan that largely emphasized and focused upon BTC accumulation and/or holding, then they were well rewarded for keeping their focus in that direction.

Quote from: Jewan420 on Today at 04:48:53 PM

.......Although I cannot tell the full purpose of investing in DCA method of these companies, but as far as I know they invest in DCA method to reduce the volatility of Bitcoin price. .....

Frequently folks (or companies) with a lot of money use DCA because DCA tends to be a better way for them to manage their cashflows and potentially they might be able to accomplish reallocation (to give a higher portion of their portfolio over to BTC) while avoiding any need to sell many or any of their other other investments.

Quote from: Ruttoshi on Today at 06:08:41 PM

Quote from: asarfiar on Today at 05:30:24 PM

quote]Well said, if you are lazy or smart at the same time then better approach is to buy bitcoins and wait 1-2 years and increase your investment.

The best timeline for bitcoin investment should be from 4-10 years and above and not 1-2 years because that is no longer investment but trading and the chance of you running at loss will be higher.

A person who focuses on investing for less than 4 years in bitcoin is trading rather than investing, yet it does not mean that he is going to be at a loss after 1-2 years, since he likely can attempt to time his bitcoin sales to make sure that he is in dollar profits... yet he is still trading if he wants to be in bitcoin in the long term, since he might be wanting to buy back cheaper and he also might be unlucky if the BTC price keeps going up and he does not have any BTC. We cannot be sure the extent to which he might be profitable or losing in the short-term, and neither does he, yet he takes his chances with trading, which an investor is not taking those same chances, even though investors are generally expecting the BTC price to continue to go up in the longer time-line of 4-10 years or longer.

Surely there are some traders who are going to be able to beat bitcoin investor returns, and sometimes they will beat such investor returns in the long term too, yet those kinds of traders are not very common, especially since bitcoin has been such a great investment, it seems a bit retarded to be trading it, even though a lot of traders do trade it and have tended to lose in the long run as compared with investors, and there no real signs that bitcoin has weakened as an investment asset, even if the extreme of its price slope has lessened.

Some folks who are trading call themselves investors, and they may well be trying to build up their trading portfolio and they could even be setting aside some of their capital in an investment way, yet many times they are not really investing yet trading since they are continuously aiming to earn yield from their capital, which may or may not end up working out very well for them, especially in the context of such an otherwise great investment like bitcoin.

People can do what they like, even though we are not talking about trading in this thread, members will sometimes get tricked into believing that we are talking about trading or that buying the dip has some kind of a preference to sell in order to get short-term dollar profits, so surely sometimes we are battling over definitions and also some people lose their patience with just employing various techniques to accumulate, and for various reasons they frequently are excited to take some profits rather than just seeing their wealth go up "on paper."