Quote from: SuperBitMan on Today at 12:05:21 AM

Quote from: JayJuanGee on October 19, 2024, 08:45:18 PM

Quote from: red4slash on October 19, 2024, 06:41:29 PM

Quote from: JayJuanGee on October 19, 2024, 01:29:33 AM

Quote from: Tungbulu on October 18, 2024, 11:36:26 PM

There will certainly be a huge difference in their investment strategies. The person who chose to invest $100 weekly would focus more on the DCA strategy,

I still think that we are making different points, because in my hypothetical, I am presuming he does not have that $100 per week in advance, and he is only able to invest $100 per week as it comes in. His only other option would be to just let the $100 per week to pile up in order to buy on dip (if there is a dip), and if there is not a dip, he is risking that he might have to buy BTC at higher prices rather than if he were to just buy each week as the $100 comes available.

This point is actually not too wrong but in the end, won't this make the situation a little complicated for yourself, especially for beginners who are only trying to predict roughly because they are definitely still not too familiar with some techniques in analysis or technical analysis so they are like waiting for things that are not too certain when the decline occurs and this could actually make them not make purchases that should be made because it is not easy to change the view when assuming and hoping that prices will fall to being full of risk by buying without thinking about prices.

Not that bitcoin cannot go down because in the end price fluctuations will certainly always exist but on the other hand we must be aware that guessing without a clear situation because they (beginners) only roughly guess that bitcoin will go down is actually in my opinion complicating themselves so it would be more worth it if they did make a decision from the start by buying bitcoin directly without having to wait for dip when they are able to do so.

Many normies when they are new to bitcoin (or even investing for that matter), will erroneously come to the mistake that they have to GO BIG or GO HOME, so it can be quite difficult for them to internalize the idea of DCA... so they have tendencies to want to front load their investment, even prior to their getting used to investing into bitcoin and before they have really figured out how they were going to go about it.

So even if they might say that they are ready for either up or down prices, they might end up not really being prepared because they ended up over-investing in light of their own mental preparedness.

I understand that no one is comfortable losing money, even if they ONLY put in $10, so there can be some difficulties for any of us to get over our loss aversion sensations and to figure out a position size and even an investing approach that may well allow us to continue to invest (such as DCA) for at least 4 years before really starting to potentially strategizing around price, and really, sometimes there may be some needs to invest 10-15 years or longer before starting to worry about price, especially if the amount invested might even be less than 10% of their income/expenses...so it can really take a long time to build an investment portfolio that might cover 1-2 years or longer of expenses, especially if the investment amounts are not very high.

You are right, when I started Bitcoin investment I felt I have been lift behind especially when I hear people talk about the account of Bitcoin they have accumulated I wanted to accumulate like them too forgetting they have been accumulating for years, because of this feeling some newbies start investing aggressively and before you know it they hit a fuck you stage,

I know that many of us might get lured into believing that some of the folks who were able to get rich quick or surprisingly have a great streak of luck are representative of what could happen to us or to normal people, and generally the get rich quick folks are not representative of what we should be striving to achieve, even if there could be some possibilities that we might end up getting ourselves into a position in which we end up being able to disproportionately benefit from whatever preparations and/or investment stake into bitcoin (or whatever else.. not referring to shitcoins) that we might end up allocating our time, energies and our value.

Many times it is way better for most of us to be putting efforts into creating some strong financial and/or psychological bases prior to engaging in any kinds of higher risk investments, and surely bitcoin is already a decently high risk area to be investing, even though surely its more than 15 years of existence has brought a lot of credibility to it, and there still are a lot of people, institutions and governments who are way under-allocated to it, without realizing such under-allocation that they have.. which is that they are low coiners and/or no coiners without realizing it. So the mere fact that some of us are just newly involving ourselves in bitcoin, learning about bitcoin and building our stake in bitcoin puts us in front of a lot of other normies, and even puts us ahead of many institutions and governments... so we are likely going to disproportionately benefit from our early involvement in bitcoin, even if it might take us 4-10 years or longer to really start to significantly build our bitcoin stake and to put ourselves in a position to potentially have more and more luck down the road based on our ongoing preparing ourselves by studying the space and by taking actions to ongoingly, persistently and consistently accumulate bitcoin, even if we are ONLY able to do $100 per week or $10 per week or whatever we are able to reasonably do without overextending ourselves, financially and/or psychologically.

Quote from: SuperBitMan on Today at 12:05:21 AM

some newbie feels DCA is a slow way of accumulation that is meant for people who has already accumulated enough Bitcoin the reason why some newbies feel this way is because they feel they are behind in accumulation and wants to meet up with others and also they really don't understand what DCA strategy is all about.

That is a reasonably good point SuperBitMan. One of the greatest problems of newbie bitcoin investors and maybe even especially poor people and/or people who might not have had invested previously or established strong cashflow management practices, is that they end up engaging in behaviors that devolve into trying to rush matters rather than figuring out some kind of a way to engage in some kind of a practice (such as DCA) that allows them to tailor their level of aggressiveness to their own personal circumstances and also to even continue to tweak their tailored levels on a fairly regular basis while they are learning how to balance their various financial and psychological factors and also fitting bitcoin investment (accumulation) into the mix of their lives. It is difficult to save folks from themselves, especially if they are poo-pooing the power of DCA and they are inclining themselves to some kind of a false sense that they are smarter than DCA and that they are going to be able to cause themselves to end up in a better position because they are failing/refusing to recognize the power of DCA to allow them to tailor and to be as aggressive as they are able to be without overdoing it...so long as they can humble themselves a wee bit to its power, especially with such a great investment like bitcoin...and in the beginning don't be fucking around thinking that DCA is going to work with other investments, including getting caught into believing that there is much if any value to be trying to apply DCA to shitcoins prior to focusing on bitcoin first.. perhaps even realizing that it could take 4-10 years or longer (especially for the brand new investor) to both get used to bitcoin and/or learn about bitcoin before considering if DCA might be applicable to some other assets, whether shitcoins or anything else such as property or stocks, bonds, commodities or anything else.

There can be quite a bit of value to be trying to learn about cashflow management and also bitcoin and even tailorizing the 9 factors while primarily leaning on tailorized DCAing of regular amounts into BTC, perhaps weekly, prior to really getting overly distracted into other methods and/or other assets beyond just managing dollars and bitcoin.

Quote from: SuperBitMan on Today at 12:05:21 AM

Those people we are seeing now that has gone far in there Bitcoin accumulation started from somewhere some of them used DCA strategy and they were Accumulating little by little, Bitcoin is not running away so take your time don't be in a rush.

Also no matter what we do, when we are in the earliest stages of BTC accumulation, we are likely going to make various mistakes along the way, especially in our first whole cycle of accumulating bitcoin, so surely it would seem best that if we are able to put systems in place that contribute towards any of our mistakes to be a level of recoverable kinds of mistakes rather than mistakes that end up taking us out of the game because we got overly confident and had not realized that we had devolved our BTC accumulation strategy(ies) into gambling, trading and shitcoining rather than attempting to really stay focused on bitcoin investment that tries to assure decently good cashflow management and/or reserves prior to any of our tweaking of our practices in order to ramp up our BTC accumulation aggressiveness levels...and surely there can be some fun in the process of both leaning and also putting ourselves into a position that we are ready, willing and/or able to increase our bitcoin accumulation aggressiveness, yet we likely are not going to be a brand new bitcoin investor that already knows how to hone our aggressiveness level until we practice for a while, and perhaps the smartest (and fastest) of learners (and who might have a lot of resources coming into the process) might be able to take shorter periods of time to be able to step up their aggressiveness levels (such as within 6 months or so), yet some folks still might take 4-10 years or longer before they are really able to put themselves into a position in which they are able to tweak what they are doing and to become more aggressive in what they are doing. There is variance, and surely each of us is responsible for our own situations in order to attempt to figure out how aggressive that we can afford to be without overdoing it, and I think that many of us with more experience will suggest that newbies (and even folks who might have several years of experience) error on the side of being more conservative and even to take time before they up their level of aggressiveness rather than making mistakes of putting too aggressive practices into play in the their earliest stages of working on their BTC accumulation strategies and practices.

Quote from: SuperBitMan on Today at 12:05:21 AM

And when it comes to DCA strategy is not a slow way of accumulation if you have a good paying job or business you can decide to invest $1k or more weekly or monthly, when it comes to DCA strategy of accumulation it all depends on what you can afford.

Of course, we are talking about not ONLY about "what we can afford" but also folks should be figuring out how to work within their discretionary income, because if we do not particularize the ideas of "what is affordable," then surely many folks could end up making mistakes in regards to how they assess what they actually can afford in comparison to what they superficially might believe that they can afford.

Yet, ultimately, at the same time, I am not presuming any special skills that anyone needs to develop in respect to investing into bitcoin, even though they may well need to practice investing into bitcoin for a while in order to get used to investing into bitcoin if they have not previously invested into anything and especially further precautions might need to be appreciated if they at least recognize that bitcoin has nearly inevitable attributes to be volatile in either direction for periods that might be beyond what they are used to experiencing, so in that regard, they still have to engage in some efforts to figure out some kind of a position size and/or practice that will be comfortable for them, which does not necessarily need to be completely assessed prior to getting started, yet any getting started might end up starting with even a more conservative position size (amount) while engaging in some preliminary assessments of both their financial and psychological circumstances.

Quote from: SuperBitMan on Today at 12:05:21 AM

The number of years one can stay before accumulating enough Bitcoin depends on the account he or she puts in his or her accumulation, if someone is using $100 to accumulate weekly it will take him or her more years than someone using $1k weekly

Sure amounts invested make a difference, yet it still seems more appropriate to consider income versus expenses (which is discretionary income) in order to assess how aggressive a person might want to be from the start of the bitcoin investment, and then to figure out whether income can be increased and/or expenses can be reduced in order to potentially invest more into bitcoin, rather than merely throwing out random amounts and without really assessing how those amounts might related to their current income versus their current expenses and how those factors might be able to change with the passage of time in order to potentially be able to consider the creation of BTC accumulation targets and even to consider how long it might take to reach such BTC accumulation targets... whether considering in terms of BTC amounts or dollar value amounts or both. To be more realistic both dollar value and BTC amounts likely need to be considered for an overwhelming majority of people who still might be earning and/or having expenses denominated in dollars (or some other fiat) rather than in bitcoin.