Quote from: Obim34 on October 11, 2024, 09:42:18 PM

Quote from: avp2306 on October 11, 2024, 09:25:33 AM

Quote from: Justbillywitt on October 11, 2024, 07:31:11 AM

Quote from: Popkon6 on October 10, 2024, 10:35:52 PM

To think about Bitcoin investment we must first know about the strategies to invest it. Because the DCA method is the only way to invest in Bitcoin, this DCA method offers a lot of savings in the purchase price of Bitcoins, and some people only buy Bitcoins in the deep market.

This is misleading and it is not true. The DCA strategy is not the only way to invest in bitcoin. If you say that the DCA strategy is the most widely used method I will agree with you. But saying that the DCA strategy is the only way to invest in bitcoin is a lie. In case you have forgotten we have other methods of investing in bitcoin which are;
- Lump sum Investment method
- Buying the Dip method
- Dollar cost averaging method (DCA)
Investors can use any of these methods to invest in bitcoin or combine the three methods when investing bitcoin.

Exactly agree everything what you said there, since its really hard to say that DCA is the only strategy we can use to invest with bitcoin since there are other strategy which has been used by other people.

Its just DCA method just posses low risk that's why this is recommendable to use by all long term investor since aside this is easy to apply they provably won't worry about the prices since they can use this strategy at any figure what bitcoin reached.

Tried to use these 3 strategy but I can say that so far DCA is working so well for me.

A safe investment is not only based on one approach of investment, take a closer observation when the whole available strategies are assembled perfectly to maximize how well the accumulation process is being done. The DIP is an inevitable aspect of the market which makes it a must that every investor has a space left to buy during such DIP, this does not happen very often and taking that opportunity aside from ones primary approach (precisely DCA) is considered appropriate towards investing.

The whole goal of applying different strategy is to conclude on making quite the profits, enough to match in what was invested during the whole period while money was spent on purchasing Bitcoin. Primarily it's best to consider DCA strategy then combined other approaches when needed and well constructed to avoid unpleasant ending.

You are correct that dips are inevitable, yet they are not inevitable from whatever the current BTC price might be. Even though there are also advantaged for anyone in bitcoin to consider all three BTC accumulation strategies of DCA, buy on dip and lump sum, it is not necessary to employ all three strategies and it is not necessarily advantageous to employ all three strategies. There are trade offs in each strategy that should be considered when deciding whether or not to employ them or which one(s) to employ. Many times a brand new investor won't have a lump sum available to him, and there may well not be any advantage in buying on dips, so the brand new investor might need to spend several years buying BTC before buying on dip might even make sense to employ. Of course, sometimes if some folks are already in the practice of buying BTC regularly, such as through DCA, then maybe once or twice a year they might come across some extra cash that gives them extra options to consider all three techniques at that time,

so for example a guy is buying $100 per week in bitcoin and maybe a couple of times a year, he receives some bonus money, such as $1,500, and so all of that money could be available for buying BTC and all three methods could be considered or the guy might just choose to buy lump sum right away with all of it. Those are discretionary kinds of decisions, and people are not always going to decide in the same way, even though there might be certain kinds of choices that might be more logical than others, yet the payoff from whatever had been chosen might not be known right away either.. such as dividing it into three and putting an equal amount into each category ($500 in each category), as one of the possible options that would have trade offs in regards to each of the possible BTC accumulation methods..

Quote from: $crypto$ on October 11, 2024, 10:52:40 PM

Quote from: Samlucky O on October 09, 2024, 04:44:28 AM

Quote from: Justbillywitt on October 08, 2024, 02:41:31 PM

Even if someone tells me today that bitcoin will get to $2m before the end of next year, I will believe it.

Even though we don't doubt that bitcoin will increase in due time, we should also be more realistic to know that bitcoin can not just grow to $2m dollar In the space of 1 year. That would be a massive push of %millions. even as though it was just a speculation but it may not possible anytime soon.

Even in passing one cycle bitcoin will not break $2M, realistic thinking will be more important than meaningless fantasizing, although I know guesses can be issued from anywhere but do not believe bitcoin will increase perpendicularly to $2M.

Quote from: Samlucky O on October 09, 2024, 04:44:28 AM

Quote from: Justbillywitt on October 08, 2024, 02:41:31 PM

Let's always remember that there will forever be 21 million or less bitcoin in circulation!!

That is the more reason why bitcoin still remain the best because it is limited in supply and will still remain scares as people lost more or as demand keep rising so do it also increase. Just like Satoshi Nakamoto once said Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.

The limited demand will obviously increase the price slowly this is also when bitcoin has reached the amount of supply in circulation then the price is likely to be more than $100K.
But we know bitcoin will reach the circulating supply it still takes a long time.

It would be a long shot for bitcoin to shoot straight up to $2 million, yet it also is not beyond the realm of possibilties.

Shooting up to $2 million woudl be right around a 32x from here.

From 2015 to 2017 we had a shoot up of around 78x from $250 ish to $19,666-ish.. and from 2019 to 2021 we had a shoot up of around a 16.5X from $4,200 to $65k in early 2021 or to $69k in late 2021.

There surely can be reasons for BTC prices to be artificially suppressed so much and then end up contributing to greater kind of blow off top, but it still could take a year or two for the blow off top to play out...

In the case that we have now, perhaps we might consider our bouncing off price to have had been around $27k from October 2023, instead of using our current price as our bounce off price location, so that would make $2million seem even harder to reach since that would end up being around 74x, which would be similar to the 2017 price run, and it does not seem as likely to be able to have that amount of a price run.. even though it is not completely impossible, something more modest seems more reasonable.. such as $200k to $600k.. which would be in the ballpark of 7.5x to 22x.. . and in the end, none of us really knows about which of the scenarios might play out, and surely a minority view would be that the top is already in for this cycle, though that seems less likely of a scenario, even though it is one of the possible scenarios currently if front of us since the future is not known in advance, yet we still should be attempting to prepare for a varieyt of scenarios, including figuring out how to assign probabilities to scenarios so that we are prepared for them, even some of the more outrageous scenarios, if they were to occur.