Quote from: Stablexcoin on October 19, 2024, 07:11:21 PM

Quote from: Wind_FURY on October 19, 2024, 06:53:05 AM

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Since Bitcoin blockchain has one of the highest fees in compared to other blockchain, then in times of very high fees, then shitcoin investor will be forced to hold their coin till whenever the fees goes back to normal. What if the coin is dropping down. Am just saying that an investor will choose to invest huge amount into those shitcoins instead of directly investing in Bitcoin. I see no point in doing that though. However, its their choice to make.

I doubt that normies are motivated to invest and/or buy shitcoins merely based on fee comparisons, since there are likely a lot of different reasons that normies are going to be distracted into shitcoins, including their consideration of a variety of talking points that may well end up relating to some of their considerations that any such shitcoin might have more pumpamentals as compared with bitcoin, so they are falsely led into a belief that they are better off by putting some (if not all) of their value into some shitcoin based on some variety of factors that cause them to believe that it can pump more than bitcoin, and they might not even sufficiently know much if any facts about bitcoin versus their chosen shitcoin(s) beyond their beliefs in the representation that some influencer(s) are making about what are supposed to be the relevant facts.

A lot of people buy into such misrepresentations because the misrepresentations sound logical, and even the influencer(s) might seem to be speaking from genuine assessments of the situation. Bitcoin fees as compared with the fees of various shitcoins is only one factor, yet it is one factor that can come off as persuasive in terms of being objectively verifiable.. but still frequently will make little to no sense for anyone who really spends a decent amount of time learning about bitcoin and giving a bit more skepticism to the claims that various shitcoiners are making about their supposedly superior coins.

Quote from: Justbillywitt on Today at 02:52:39 PM

Quote from: Moreno233 on October 19, 2024, 08:50:17 PM

Quote from: Stablexcoin on October 19, 2024, 07:11:21 PM

Since Bitcoin blockchain has one of the highest fees in compared to other blockchain, then in times of very high fees, then shitcoin investor will be forced to hold their coin till whenever the fees goes back to normal. What if the coin is dropping down. Am just saying that an investor will choose to invest huge amount into those shitcoins instead of directly investing in Bitcoin. I see no point in doing that though. However, its their choice to make.

However, the habit of chosen centralized exchanges for storage of our Bitcoin during the time of high fees is highly condemned and should never be seen as option.

So in essence what you are saying is that irrespective of the prevailing high withdrawal fee at that time, people should always withdraw their bitcoin off Cex?

So many times, members are framing this issue of transaction fees in erroneous ways in regards to what are the transaction fees at the time of the transaction (or the transfer of the bitcoin from the exchange to the private wallet), and personally I think that we should be attempting to understand the idea of UTXO management beyond just the transferring of the amount of BTC off of the CEX (centralized exchange, presumptively if that is the way that many members are acquiring their first bitcoin(s)).

Let's attempt to consider that if we are creating UTXOs (amounts of BTC that we are holding in private wallets), that when possible, we should be preferring to keep those UTXO higher than a certain amount.. perhaps in the ballpark of being greater than 200k or 300k satoshis.. or even a bit larger than that... just to make sure that we have options down the road.

For sure the more that we use bitcoin, the more likely we might have UTXOs that have smaller quantities of satoshis, such as smaller than 100k, and there is nothing wrong with that as long as all or most of our UTXOs are not falling into such category.

So for example if we accumulate 50k to 150k satoshis on a weekly basis for 5 years or more and we are constantly transferring those sizes of UTXOs to our private wallets and maybe we might have suffered from fees in the first transferring of the satoshis to our wallet, yet we may well end up with 100s of UTXOs with with relatively small quantities of satoshis per UTXO, and we may well may not have realized that we had contributed to our own situation of having a bunch of UTXOs that are costly to spend and perhaps even some of them might become uneconomical to spend.

We cannot know the future in terms of what the onchain fees are going to be and potentially what quantity of UTXOs (how low?) might become unspendable or uneconomical to spend.. so sometimes even if we we end up having a relatively reasonably sized UTXO, such as one that is 200k satoshis or higher, yet if we spend 150k satoshis from that UTXO, then we still would get left with change that is 50k satoshis or less because of the way we chose to spend that UTXO...

Surely the longer that we are in bitcoin, we can attempt to learn how to spend our UTXOs and/or to manage them so that we do not inadvertently pay higher fees than we would wish to pay, yet from this time forward, we could attempt to try to mitigate some of our future potential problems by attempting to minimize the number of UTXOs that we might have below certain lower level amounts such as potentially trying to keep most, if not all, of our UTXOs above 200k to 700k (which currently is 0.002 BTC - 0.007 BTC = $140 to $500). Each of us is responsible to figure out these matters, even though we may not need to know these kinds of UTXO management matters in the beginning so long as maybe we consider that if we are buying $10 per week of BTC or some other relatively low amount of BTC, then we may well need to let the quantity of our BTC holdings to grow in our CEX account to a reasonably high level of potentially 200k to 700k satoshis or higher before we transfer those satoshis to our own private wallet.

Quote from: sotelorene on Today at 06:11:49 PM

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Well I doubt if one of the reason why people chose to use DCA method is to be consistent because I have seen people who uses the DCA method yet they are not consistent and sometimes not being consistent is not because they choose not be... But because there source of income may not be stable or active. However, I think one of the reason why people choose to use DCA method is because they can invest with little amount of money and they can also invest with big amount regardless of the market condition and it doesn't matter if we are accumulating with little amount rather what matters is our commitment to our investment.
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You seem to be saying that DCA allows you to be consistent, even though you are saying that DCA is not pursued because it allows you to be consistent.

In other words, you seem to be contradicting yourself in terms of what is the meaning of consistency.

To be consistent, there is no need to have any kind of exact amount and/or exact time that the person buys BTC, and surely even consistency can have flexibility contained within it - especially if a person's discretionary income might vary, so consistency in regards to DCAing could be based upon the levels of discretionary income that might be available in any given period of time whether weekly, monthly or even some other time frames that might not even be exactly consistent in themselves, but the person still might be somewhat consistent in terms of attempting to balance how much he is investing into bitcoin in terms of how much extra discretionary income he might feel that he has that could be used to buy bitcoin rather than using or saving that money for other purposes.