Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
JayJuanGee
on 27/12/2024, 22:28:43 UTC
It is still pretty presumptuous to imagine someone being able to meet a status of overaccumulation of BTC in less than 2 years, especially with the BTC price going up around 5x during such time.  But hey, you guys can imagine all that you like in regards to practicalities of investing, or even the difficulties in frontloading an investment, even if someone might be financially able to do so, which is also a big presumption and a  very small minority of folks who are even in such a position to front load their investment into bitcoin, which I doubt that they are very representative of most newbie investors into bitcoin.
Well, I will have to agree on this one cause the rate at which BTC is pumping right now, the cost of frontloading your investment portfolio into Bitcoin will be really expensive, but hey you never can tell, someone with a deep pocket can just do it (still a presumption thought)

Sure, we could refer to what a person would do right now, and we can refer to what a person might have had done 2 years ago, which was the case that I was talking about with my initial reference to Solokan's situation.

The situation is not exactly the same, but the dilemma about getting started is not different, whether we are talking about front-loading versus just DCAing.

Like my earlier example, if a person is brand new to bitcoin and he happens to have an income that he can invest right around $400 per week, and he has an ability to access $100k in cash (let's say within the next 2-6 weeks), then he still may well be better off to put some portion or perhaps even all of that amount into bitcoin right away rather than employing waiting strategies.

We can be at a different point in the bitcoin cycle, yet there still may well not be any real justification for waiting, except perhaps if some portion of 50% or more of the available cash might be lump sum invested right away and then the other remaining portion might be divided into DCAing and/or into buying on dips with the realization that dips may or may not end up happening.

There is no way to just make a blanket statement in regards to what a person should do, yet if we are able to describe or imagine some set of circumstances, then we can put the "what to do?" options within the circumstances.

What kind of a situation were you imagining @OsaiEmma?  There is a difference between a brand new investor and an investor who has already been investing for 2 years versus someone of some other status.

Since you are brand new registered to the forum, then should we presume that you are new to bitcoin investing too?  Do you have some amount to front-load invest, if you wanted to?  Do you have discretionary income and an emergency fund (and/or other back up funds) already established?  The mere fact that you are new would suggest that you don't have any bitcoin or you don't have many bitcoin, and in those circumstances, most likely, you should be buying BTC rather than waiting.. which I also suggest is likely the case for someone who had been buying for 2 years too, since I usually suggest that newbies should be investing at least a whole bitcoin cycle without sensitivity to bTC prices, and then perhaps reassess at various times along the way... and at the same time, newbies are responsible for figuring out how to tailor their own circumstances, and BTC price as compared with other places that you can put your money is ONLY one of the 9 individual factors that newbies should be considering, and so you might want to describe (or at least consider) your own 9 individual factors..