Post
Topic
Board Speculation
Re: Road to 100k?
by
JayJuanGee
on 22/10/2024, 17:01:22 UTC
I doubt that I am saying to wait before investing into bitcoin, even though I am saying get started investing in bitcoin as soon as possible within the confines of your discretionary/disposable income.  So any aspect emphasizing waiting, learning or getting comfie. .That is not me.  You are reading into what I say if you are believing that I am saying that.
Investors tend not to adhere to well-defined periods to follow the Bitcoin investment timing process, but the decision to continue depositing from the moment they decide can be very fruitful if it has discretionary money. Some investors overestimate bearishness, which can cause their investments to lag behind bull runs. An investor should gradually invest part of the income from a job or business to build up a modest holding by investing in Bitcoin. @JayJuanGee You always advise us that there should be a balance between running bitcoin deposits with real assets.

Perhaps you are not doing it on purpose, but you are frequently misstating my prior assertions.  Perhaps you are mixing me up with someone else or not reading what I have been saying correctly?   

There surely are needs to balance BTC investment amounts with our abilities to make sure that we are able to cover our expenses and to make sure that we are spending from disposable/discretionary income in the arena that we are not going to expect to need that money that has been invested into bitcoin for 4-10 years or longer.

But for small investors like us, it becomes very difficult to control ourselves during bull runs and we tend to regret having more holdings during every bull run.

You have not even been registered on the forum for a whole year, so are you referring to yourself or your anticipation of what you might feel or in terms of trying to empathize with BTC accumulators/holders who are in their earliest of stages of accumulating BTC?

You have to figure out how are you going to deal with the whole matter of an anticipated bullrun?  Are you going to try to trade or invest?  Are you afraid that you cannot keep accumulating bitcoin if the price goes shooting up?  Well if you have already accumulated BTC then you are also faced with the decision to keep holding or to sell.  yes.. historically  a lot of guys (perhaps especially newbies) end up selling too much too soon and/or engaging in other kinds of fucking around trying to time the market based on anticipated BTC price moves.

I cannot exactly tell you what to do in regards to your bitcoin accumulation, even though I consider one of the best of practices is for a newbie bitcoin investors who consider themselves to be in their early BTC accumulation phase to try to spend a lot of time focusing on accumulating bitcoin for at least a whole 4-year cycle before worrying about whether to change his emphasis, and from my point of view BTC accumulation has to deal with mostly DCA, lump sum buying and buying on dips, and not selling and not waiting, and most of the emphasis of a newbie should most likely be DCA, even though surely some newbies might be able to do some front loading of their BTC investment through various kinds of lump summing by money that they have from the start or maybe that they sometimes receive extra money through the year that they can choose to invest into bitcoin with that extra money in the form of lump sum, DCA and/or buying on dips.

Generally, speaking I cannot help you, since I cannot know how much bitcoin you might need before you start to feel that you have enough or more than enough and that you are not making mistakes in your own assessments in regards to the size of your BTC stash and how much you need.  It tends to take a decently long time to both accumulate BTC and also to figure out how to accurately assess how much BTC that you need or how much that you believe that you need.  One of the frameworks of assessing how much is enough would be to attempt to account for your yearly expenses and then also to account for the extent to which you might increase your yearly expenses or how they might increase from the mere ongoing debasement of the dollar (or other fiats).  You may well be able to reach assessments to how much is enough and perhaps how much extra cushion that you might need in order to consider if you might start to change your strategies away from more strictly just accumulating bitcoin on an ongoing, consistent and persisten basis.

If we had more Bitcoin stash, we would be able to manage investments more positively in the future.

Sure. More bitcoin helps to provide you with a cushion, and so any of us who have been spending a decent amount of time and efforts accumulating bitcoin gain more and more confidence as our bitcoin stash grows, yet we still likely need to assess how much BTC would be enough... and surely it is not necessarily an all or nothing proposition, since we are even more empowered by having more bitcoin even when we might still be a decently long way away from reaching our BTC accumulation target(s).

So through patience every investor should try to get a decent portfolio and try to be careful to get more holdings by accumulating for long term rather than tending to get more profit in just few months.

When you talk about your short-term profits or that you are considering short-term profit potential, then you sound way more like a trader rather than investor, and are you merely trying to get dollar profits since the dollar actually does not tend to hold its value very well.

[edited out]
I think years back the DCA strategy was not effective because the price was kinda affordable compare to now and i believe most investors back then where lump summing,

I think that you are goofy and perhaps making shit up, since DCA is always effective, and frequently DCA is the ONLY available choice.

Sure, anyone who has some lump sum amounts that they can invest into bitcoin has more options than peeps who do not have such lump sum, and if we look back at the BTC price, frequently it is going to be better to do lump sum, especially on the dips or during the times that the BTC price is low, yet at the same time, when we are in the middle of BTC price movements, we ONLY have the options available to us, which may well be that we do not have lump sum options, so in that sense DCA is going to be the preferred way to go forward, whether we look historically or we look at right now.

There is no need to make shit up about DCA and to act as if DCA were some kind of a new, innovative phenomena.. since DCA has been available for hundreds of years, even if some folks might not have called the way they were investing as DCA.

I mean back then one can get some numbers of Bitcoin with $5k but right now it's entirely a different case, that's why the DCA method is now advisable to use in accumulating, to help an investor grow their portfolio on a slow and steady approach and one of the funny thing about this investment is that if one doesn't follow suit now it is also going to be difficult to grow one's portfolio in years coming because of the height Bitcoin will attain then so those who are still procrastinating is wasting their time though they can invest anytime but there's really going to be a difference.

Sure.. DCA is still good and sure, the sooner we start investing in bitcoin, then likely we will be advantaged by getting started sooner rather than later, even though there are no guarantees in regards to today's BTC prices being cheaper than at some various points in the future.

There is no problem analyzing your profits  and considering what you are doing in regards to ongoing stashing of bitcoin, yet it still does not seem very productive to be getting very worked up or focused upon the extent to which you are in profits or not for a cycle or two, unless maybe you had been able to front-load your BTC investment, which truely does not seem to be the case for a lot of folks getting into bitcoin.  Even the front-loaders may well take some time to continue to build up their BTC investment, unless they happen to be quite old, have health issues or have some other reasons to have a shorter end bitcoin investment timeline.

[edited out]
Yeah, agreed.

Also I want to leave this chart here:

I would also not ignore the fear and greed index, although many are skeptical about it, nevertheless, it would not hurt for beginners or even experienced ones if they suddenly want to have a little reference point.

So, for the first time since August 1, the index touched the 60 mark, which indicates still mild greed, it will be interesting whether the extreme greed index (mark 80) will reach the positive growth as in the spring of this year. You can also pay attention to the fact that several times recently the values ​​​​have been pierced below 40, I would assume that the crowd is also getting tired of being afraid and wants to move from one emotional zone to another.

From my perspective, seems a bit dumb to be deciding whatever it is that you are going to do based on market sentiment, and so that chart and even measurement seems largely irrelevant, except perhaps for entertainment and/or diversion purposes.

in other words, guys should be figuring out their BTC accumulation position based on how much they have and whether it is enough rather than figuring out largely irrelevant details regarding how others are feeling and how those feelings may or may not end up affecting the BTC price.

For example, lookin at your own forum registration date, if you had been accumulating $100 worth of BTC, no matter the sentiment, between the time of your forum registration until present, you would have had invested around $43k into bitcoin and you would have accumulated around 8.7018 BTC (a spot value of $586.5k (13.64x) and a 200-WMA value of nearly $350k (8.14x)), and so you would be in a pretty decent place.  I hope that whatever you are doing and have been doing in regards to assessing BTC market sentiment has at least allowed you to at least do as well as if you had been continuously buying BTC in the past 8+ years.