Quote from: Samlucky O on Today at 04:07:30 AM

Quote from: JayJuanGee on October 08, 2024, 05:24:34 PM

Investing $50k into bitcoin over 8 years should totally be within reach of some one who currently might be able to invest around $71 per week with perhaps some anticipation that over the coming 8 years his disposable income will increase and he would be able to invest 10% more into bitcoin each year. It would look something like this.

Of course over an 8 year period of time, a person could have a regular DCA amount, but also there might be times in which cashflow is better and/or times when cashflow is worse.

Surely the times when the cashflow are better, I think there is need to accumulate aggressively in regards to increase ones portfolio. because having an 8year plan of $50k investment required facilitating the accumulation process since bitcoin is volatile, because if a person was not able to increase his accumulation in the 8years intervals, he might end up buying lesser amount of bitcoin. so sometimes the fuck you status could be arranged in somewhat a way that when there is an increase in cashflow, the DCA should be increased to buy more during its early stage when it's less than increasing the weekly DCA when the price of bitcoin is high. It is important to leverage on bitcoin during its early stage because 8 year ls certainly a long time for BTC to make huge changes.

I see what you are saying, and I don't even disagree with you. However part of the problem is that I am attempting to mostly presume that the increase in later years is not due to lack of aggressiveness or willpower, but instead due to being as aggressive as he can be and ONLY being able to increase with the passage of time based on either increasing income or decreasing expenses due to ongoing fruther practicalities rather than due to the guy being whimpy.

Sure there are some folks who are whimpy too, yet I was not necessarily presuming that the lack of greater amounts in the earlier years was due to such whimpiness.

And, surely any of us can attempt to make bitcoin investment projections that are as aggressive as we can make them in regards to attempting to frontload our investment into bitcoin, yet we can ONLY be so aggressive before we might devolve into gambling and/or devolve into putting too much of our finances at risk due to our inclination to want to frontload our investment, and then we end up with less bitcoin than we could have had based on our becoming overly aggressive and recking ourselves partially or totally.

Quote from: Samlucky O on Today at 04:07:30 AM

What am trying to say in essence is that if there is an increase in cash flow maybe during the beginning of the fuck you status like the 2024 of $71 DCA. Surely the table maybe an inverse of maybe $152.19 DCA per week in the early days , which means the bigger investment in a weekly. And if the cashflow is has less then we can begin to invest in a way that it will balance with our current status of discretion.

I think that you are missing something in regards to the ongoing debasement of the dollar is going to continue to cause us to have more dollars.. and surely, I am not opposed to the idea of being as aggressive as we are able to be, including in the beginning and perhaps even engaging in a reasonable amount of leveraging... but we still have limitations in regards to how much disposable income that we have at any given time, and we cannot presume our future earnings into the present.. and yeah, it well could end up being true that we front load our investment into BTC and the BTC price shoots way up and the BTC price never comes back down to its earlier price possibilities.. so surely I am not discounting those kinds of possibilities. which further justifies any attempts that can be made towards frontloading the BTC investment as much as reasonable..

Quote from: Ambatman on Today at 04:45:01 AM

Quote from: JayJuanGee on October 08, 2024, 05:24:34 PM

I understand that some folks might consider these numbers to be overly pessimistic (bearish), and so you can create your own chart and put your own estimated numbers in there. You can also attempt to be more granular about it too, if you like, yet from my own experience, there can be some value in regards to attempting to be somewhat general in future projections and then just tweak them from time to time as time passes (such as where the future becomes the past and then the numbers become known).

This is good
Been surprised is better than been dissapointed
I try to reduce expectations so I would feel more excited when my expectations are beaten.

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If you start trading then start in bitcoin it will not let you face loss, but you will get profit from here especially use DCA it will help to reduce risk all the time. We know it's always better to use DCA as a smart investment.

What's the essence of DCAing in trading when you still going to Sell.
The aim of trading is taking quick profit not accumulating and really doesn't require implementing DCA.

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the DCA should be increased to buy more during its early stage when it's less than increasing the weekly DCA when the price of bitcoin is high.

That's why it was an hypothetical scenario.
We can make prediction of plan but there are many variables at play and to estimate some of these variables are kept constant.
Aggressive buying is a good approach I must say but what about the available disposable income isn't enough to cover for such aggressive buying
Or what happens when there's a strong dip after going aggressive?
Mindset comes in play, the weak sell some, some individuals continue DCA and others just go again more aggressive.
But I believe going aggressive always gives room in wanting to collect some profit early.
Just saying.

I think that your quotes are messed up. You quoted me, and then you quoted someone else, but you did not say who.. so the reader is supposed to try to figure that out?

Regarding your comment on my chart, I already mentioned it is possible to create a variety of scenarios, including negative scenarios so that if BTC outpaces your negative scenarios you would still be happy. I have no problem with that.

I recall that when I started many of my base case scenario predictions dealt with a 6% per year increase in the bitcoin price, and so surely after a few years, BTC prices way outstripped my base case projections, but still ended up falling into some of my more pie in the sky projections.. so sometimes even way outperformance can leave us not sure about what to do if we have not adequately prepared financially and/or psychologically for the some variation of the scenario that ends up playing out.

Quote from: AirtelBuzz on Today at 04:57:56 AM

Quote from: Out of mind on Today at 03:30:48 AM

Yes, we know investing in DCA method is much less loss and less risk. However, if your friend makes such a comment, there are some similarities between trading and gambling. Because if gambling is played a few times then there is a possibility of becoming an addiction, and later on you will be interested in gambling, just like if you start in trading then you will be attracted to trading later, in that case you will lose money there. As we know, investing in Bitcoin is the most profitable compared to trading. If you start trading then start in bitcoin it will not let you face loss, but you will get profit from here especially use DCA it will help to reduce risk all the time. We know it's always better to use DCA as a smart investment.

I think those who compare DCA investing to trading and gambling may not have even the slightest understanding of this investment yet. I would instruct them to read this entire Buy the DIP, and HODL thread thoroughly so that they can gain thorough knowledge about DCA investing (as it has been mentioned here hundreds of times that a newbie can start investing with little knowledge of Bitcoin and little money). But they are right on one point that trading can be compared to gambling as there is maximum risk and profit uncertainty in trading just like in gambling. Through DCA method to avoid risk and reduce stress, we commit to holding bitcoins for a long period of time by buying and accumulating bitcoins over a period of time using a fixed income source.

First, reading 568 pages of thread seems like a lot of time, and hopefully they start investing before they get too caught up in preparing and studying and failing/refusing to actually buy some BTC.

Second, it seems that DCA does not really eliminate risk, but instead allows us to tailor our BTC investment amount to our own cashflow situation (including making sure that we stay within our discretionary income).

Quote from: Btcalysis on Today at 03:02:58 PM

Quote from: Zackz5000 on Today at 02:30:16 PM

When we are talking about Bitcoin it should be Bitcoin long term investment and not some trading stuff as Bitcoin is never a tradable coin.

Then what is bitcoin if it is not tradable? You can hold bitcoin and you can trade it at anytime you want.

Even if bitcoin is tradable, it does not mean that you should trade it, especially since it amongst the best of investment assets ever known to mankind (if not the best), so why would you want to trade something that is already a good investment?

Think about if your goal is to build wealth, and if you want to accumulate BTC in order to accumulate wealth, then why would you sell BTC in order to accumulate it? Hardly makes any sense, unless you are selling because you believe that you can buy back cheaper.. .. but why would you take such chances if your overall goal might be to accumulate more BTC? Seems to me that those who sell BTC with an expectation of buying back cheaper are lacking in focus and perhaps more greedy than they need to be in terms of complicating their own finances and psychology merely because they think that they are smarter than the market.. or they can see where the BTC price is going in the short-to-medium term. .which may or may not even work out for them.

Sure, you can do whatever you like, it is a free world the last time I checked.. .. at least when it comes to your selling your BTC.. you are free to go down such path if you believe that you can beat the BTC accumulator and HODLer.. especially when considering longer timeframes of 6-12 years or longer.. Seems to me that if you are fucking around with trading, then sooner or later your luck is going to run out and you would have had been way better off just focusing yourself rather than fucking around trying to time a dip that might not end up happening... and you end up with way fewer BTC than you could have had and way more stress and wasted time and energies at the same time..