Quote from: Justbillywitt on Today at 08:28:43 AM

Quote from: sotelorene on October 13, 2024, 09:35:57 PM

Quote from: Mayor of ogba on October 13, 2024, 12:59:42 AM

You know too well that anyone who starts a bitcoin investment at any time can possibly get a profit if that person gets it right with his bitcoin investment, but yet you still went ahead to say now is the right time to invest in bitcoin. But I want you to know that there is no best or right time to start a bitcoin investment; the right time to start a bitcoin investment is when your bitcoin accumulation money is readily available and you use it right away to start accumulating bitcoin with the DCA strategy either on a weekly or monthly basis, but if you have a good source of good, I would prefer accumulating bitcoin with the DCA strategy on a weekly basis to enable you to be more fast in your bitcoin accumulation journey.

For sure, you are absolutely correct there is not time someone will start Bitcoin investment that he or she won't make it provided they are doing the things that is required of

When it comes to bitcoin investment, the time we start our accumulation journey does matters a lot. It's true that anytime you start your bitcoin accumulation, you stand a chance of making it. But it can't be compared with someone who started years back before us. Those who started bitcoin investment 10 years ago will always have a better success story than those who started their accumulation journey 10 years after. Their success level won't be the same. That's why you always hear people saying that the best time to start your investment was yesterday. Any success you will record if you start your bitcoin investment today or tomorrow, those who invested 10 years ago and are still holding will still benefit from it.

Someone who bought 1 bitcoin at $3k and someone who buys at $65k, will they have the same success story? Even though the person who buys at $65k will make profit when bitcoin makes an upward movement. The person that bought at $3k will still be in more profit. Because they are both holding and keep profiting form the price increase. So time spent in accumulation of our investment is really crucial to an investor's profitability in bitcoin.

I am not really in disagreement with anything you said, yet it might be worth pointing out that none of us can roll back the clock, so if we did not start in bitcoin yesterday, then our ONLY option is either to start today or wait until tomorrow.. .. which waiting for tomorrow seems like a pretty lame and whimpy investment strategy that seems to fail/refuse to embrace the taking of meaningful action, even if there are possibilities that the BTC price could drop tomorrow..

Getting started right away or as soon as possible remains quite important, even if the BTC price might drop from its current position, especially for a newbie who is either a no coiner or a low coiner, and even with folks who are in their relatively early years of accumulating bitcoin, it can take several years, and perhaps even a bitcoin cycle or more (which is considered to be 4 years per cycle) to really start to get to a point of having had sufficiently accumulated bitcoin, which is the case for many people, even some people who might be considered relatively more wealthy than others and have abilities to lump sum invest into bitcoin and to front-load their investment, those relatively more wealthy folks still might need to take a bit of time to gather their money and/or to be able to do whatever they have to do financially and/or psychologically to make space in their lives for bitcoin in their investment portfolio and to really establish a meaningful position in bitcoin.

So the key remains to be getting started rather than getting preoccupied with what could have had been or that the early adopters are advantaged and blah blah blah.. and by the way, even a decent quantity of the early adopters have been making (and likely to continue to make) a lot of mistakes to either fail/refuse to accumulate enough bitcoin or to sell too many of their bitcoin too soon, so even though early adopters have had some meaningful advantages in terms of time in the market rather than timing the market, sometimes they do end up screwing up their advantages by either failing/refusing to sufficiently accumulate bitcoin, getting distracted into other kinds of nonsense such as shitcoins or trading or even overly consuming beyond their means, and/or failing/refusing to competently manage their bitcoin holdings once they might have already accumulated enough BTC and/or more than enough BTC, they might end up putting themselves back to low coiner or even to a no coiner status based on their various fuck ups.

Quote from: Barikui1 on Today at 10:39:27 AM

...... and he practically stands a chance of achieving even more than the person buying through the lumps sum strategy, because he will certainly buy at every price interval, and he will buy even the lowest part of the dip that the person using lump sum method might miss due to the fact that he thought that the price of Bitcoin might go even deeper.
So in essence of what am trying to say is that, in as much as the DCA accumulating strategy is the best way to grows your stash of Bitcoin, it will definitely gives you a more better results in the future if you can hold resiliently for like 10 to 20 years time.

There is something wrong about your comment since DCA is not necessarily better than lump sum when lump sum is available as an option, and also you are mixing up lump sum and buying on dips, which are two separate ideas, even though lump sum and buying on dip can be combined, they do not need to be combined since they are different ideas/practices when done in their pure form.

Many time DCA is better for a large number of people because it allows a lot of customization in terms of the person's ability to manage his BTC buy amounts and/or times within his budget and perhaps some other things going on in his life in regards to cashflow and expenses.

Many times a DCAer might not even have lump sum as an option, yet if he has lump sum as an option, he still might choose to DCA, even though there surely could be instances in which lump sum would be better than DCAing, especially if the BTC price ends up trending up during the time that the guy chooses to DCA rather than just buying BTC with most if not all of the lump sum that had become available to him.

Buying on dip is another option that may or may not end up working to our advantage, and personally I tend to recommend against trying to buy on dip for the brand new investor, even though buying on dip could come in handy if the person had already front-load bought a decent amount of BTC and/or if the guy might have already accumulated quite a bit of BTC over a decent amount of time, yet still the employment of buying on dips does have trade-offs, so it is not necessarily going to be a better or worse way to go, and so each person has to figure out some parameters for when he believes some buying on dip might be the way he would like to proceed while realizing that the dip may or may not end up happening in the way anticipated within the plan to buy on the dip.

Regarding your 10-20 year or more timeline I don't really have any problem with that for guys who might clearly be able to accommodate such a timeline, yet surely there could be phases in which a guy is mostly accumulating BTC and then at some point he might transition to more of a maintenance and perhaps less accumulating, just mostly holding the BTC investment and then there might be some later period in which he might start to engage in either price based and/or time based withdrawals from his BTC stash.. so even if he might have spent a decently large amount of time both accumulating bitcoin and then holding it, when he starts to authorize himself to withdrawals, he may well still end up attempting his withdrawals in a way that are mostly sustainable in that he would plan on mostly holding bitcoin through the remaining years of his life.. in the event he still has time to live after building up his BTC investment for 10-20 years or whatever his building up and/or maintenance phases might last.