Quote from: EarnOnVictor on Today at 07:59:04 AM

Quote from: btc_angela on January 01, 2025, 11:08:49 PM

I do agree, it's not like DCA is etch on stone, for small investors like the majority of us, we could used a tweak and see how it will fit on our budget. Maybe can can start small and make some adjustments based on our regular income. The key here is to be consistent, $10 or even $20 a month that wouldn't hurt your budget and see how it goes. For all you know, it will grow significantly over time due to compounding. So even with limited resources, you can still used this method each month or weeks and be as effective like those whales or institutions. Again, there is no secret here, just focused on long-term growth, and DCA will be your friend.

I love this. The DCA approach is just an approach, there are many other approaches to invest wisely, the main consideration is for the asset to be trusted. Thankfully, Bitcoin is a trusted asset and investing similarly to what you explained helped me mainly between 2022 and 2023, and part of 2024.

What I did was to convert almost all the money in my bank account to Bitcoin, I only reserved about $100 (after conversion), it was crazy Wink

.

I continue to deposit about 85% of any money that enters my account into Bitcoin those years. I practically made Bitcoin my true saving account and it even helped me to avoid unnecessarily spending for I was so determined to do it until a point in 2024. I am happy about this approach today because I wouldn't have done more if I only stuck to a DCA approach.

Sure, there is nothing wrong with front-loading your BTC investment, when you are able to, yet not everyone is in a position (either financially and/or psychologically) to front load their bitcoin position. They also might not have good cashflow management skills in place to just jump straight into bitcoin with seemingly high allocations that might be appropriate for your situation, yet less appropriate for others, including that many folks have difficulties even saving/investing 10% of their income, so sometimes they may well need to walk before running to merely get used to setting money aside for investing/saving, whether in bitcoin or otherwise.

Personally, I suggest that beginners to bitcoin can come in with 5% to 25% of their income into bitcoin, yet they surely have to figure out if even my own recommended range works (and is appropriate) for their personal circumstances, and in the end each person is responsible for his own choices of both whether to invest in bitcoin and how much, and surely many of us suggest to get off zero and to get into some kind of a beginning range (such as 5% to 25%), yet there still is an overwhelming majority of normies who are still stuck at either zero or very low levels of allocations to bitcoin.

Quote from: SuperBitMan on Today at 09:34:36 AM

Quote from: JayJuanGee on Today at 12:35:21 AM

[edited out]

Sir JJG your story about your Bitcoin accumulation journey is impactful when you said that there was a time when you don't have extra money to purchase Bitcoin but still any Time you have some extra money, even if is $20, $100 or $300 from some kind of an inflow of cash you got you would immediately divide that amount in half, and buy bitcoin with half, and put the other half towards aspects of your monthly budget, this shows how dedicated and committed you are in your accumulation, and I have learnt something from this your story when ever I have extra cash that is not coming from my monthly salary I will just divide it and then use half to buy Bitcoin and the other half for my monthly expenses, when I will get my salary for the month I will then have more discretion income because I have already settled some of my monthly expenses with the extra cash I got which was not my salary, this will help me in accumulating more Bitcoin because the bigger my discretionary income for any month the Bigger the amount I will use for accumulation for that month.

Of course, you need to have pretty good assessment of your cashflow management in order to figure out which portions of your income are extra amounts that are coming in, so even though I had a system in which I divided any of my "extra" amounts into half, some other proportion might be more appropriate to your circumstances in order for you to keep your level of proportion of your BTC accumulation level at a level of aggressiveness that you feel is good for your particulars... which for each of us might be: "How aggressive can I afford to be in my ongoing BTC accumulation levels (practices), without over doing it?"

Quote from: SuperBitMan on Today at 09:34:36 AM

You are right when you invest with such money that you won't have to worry about if Bitcoin price is going up, down or sideways it will help you hold your Bitcoin for more years to come, people that hold form 2015 or 2016 till date didn't worry about Bitcoin going up or down and that's because they invited with just there discretionary income.

People from the earlier times (including in 2015 and 2016) were making similar if not the same mistakes as they are today.

There were some folks who are aggressive in their BTC accumulation, others who were whimpy, others who were bitcoin naysayers, others fucking around with shitcoins, others who were trying to trade bitcoin, and so even though in current times, we have a lot of BIGGER players entering the bitcoin scene, there are a lot of ways that bitcoin newbies are continuing to screw up in similar ways as they did in 2015/2016 in terms of thinking that they are too late and other nonsense that contributes to their ongoing failure/refusal to get started in their bitcoin accumulation journey (or to make sure that they are sufficiently aggressive in their bitcoin accumulation journey, without overdoing it).

Quote from: Moreno233 on Today at 11:18:43 AM

Quote from: EarnOnVictor on Today at 07:59:04 AM

[edited out]
I am happy about this approach today because I wouldn't have done more if I only stuck to a DCA approach.

You seems to have been mistaken or limiting the DCA method greatly because from what I know about the DCA method, you would have still achieved the same result or even better result should you have adopted the DCA method with the same amount of money you were investing using the lump sum method. The DCA method does not mean you have to invest small amount of money rather it allow the investor make regular investment with total amount spread over a period of time. If you have $10k to invest and you decide to buy at once, the person that decide to spread the investment into 10 weeks of $1k weekly investment would have still achieved $10k invested into Bitcoin after the 10th week. He might even get some at prices lower than your entry which mean means he would have more Bitcoin for the same $10k investment than you that bought at a spot.

For sure, even though EarnOnVictor seems to be poo-pooing DCA as a method, there are going to be times in which front-loading your investment into bitcoin will be much advantaged over DCA, and especially we can see in retrospect that if the BTC price had mostly gone up, then we would have had been better to buy more in the earlier times (aka front-loading) rather than spreading our BTC buys out over time.

Of course, there are a few flaws in EarnOnVictor's seeming attempts to brag about his frontloading, which is that many folks may well not be in a position to either frontload or to lump sum, and DCA is the best that they are able to do in order to buy as many bitcoin as they can and as aggressive as they can as their income comes in. Many times even guys who frontload their investment into bitcoin will be advantaged by continuing to DCA and/or buying on the dip.... so yeah, resting on the laurels of having had frontload invested into bitcoin comes off as a trading rather than investing mentality that could end up contributing towards guys losing their BTC investment focus, since even front loading might not be enough to get someone close enough to something like a fuck you status or some level of bitcoin stack/stash building that could well take 4-10 years or more just to build towards being in a decently good place, even with having had done some front-loading of it.

Another thing is that we really cannot know which way the BTC price is going to go, so frontloading might not be the greatest idea if the BTC price ends up going down rather than up. In any event, we should attempt to not get too distracted by guys who seem to be bragging out their intra-cycle profits, since it seems to largely be an attempt to get us into a trading rather than an investment mindset, which many times, it ends up distracting many of us from our needs to focus on ongoing BTC accumulation and not getting too worked up about whether our BTC holdings are in profits or not, especially if we are still in the first 1-2 cycles of accumulating bitcoin and/or investing into bitcoin, even though surely there could be some folks who are able to frontload their BTC investment, even in their first cycle, yet I doubt that it is even productive to get distracted by those guys or those kinds of ways of thinking about your bitcoin holdings, unless for some reason you might consider yourself to fall in such a situation that it becomes potentially relevant rather than largely a distraction to what an overwhelming majority of newbies should be trying to stay more focused on their BTC accumulation process rather than getting distracted into speculating whether trading might be a way for them to deal with the management of their BTC portfolio.

Quote from: john_egbert on Today at 11:23:29 AM

Quote from: Moreno233 on Today at 11:18:43 AM

Don't worry about the asset being trust and ignore every other thing called "asset" and buy Bitcoin because that is the focus here. Buy the DIP and HODL simply means buy Bitcoin and HODL. There is no point giving attention to anything thereby bordering ourselves on if the asset is trustworthy, as we know, Bitcoin is trustworthy and anyone that cannot trust Bitcoin cannot trust any other thing.

The main portion of any portfolio should be Bitcoin, in my opinion.
Anything else would be an addition to it.
Wink

There are of course those who try to make an alt breakthrough, but it usually ends up in something not good. And it's not as stable as to invest in Bitcoin.

If you are talking about bitcoin versus shitcoins, then you better not be fucking around with more than 10% of the value of your bitcoin in shitcoins, and even 10% might be too much, yet surely some guys do like to gamble and/or they get distracted into shiny baloney and shitcoin talking points, so yeah, even if some guys might try to limit themselves to 10%, they might get lured into more into shitcoin based on the usually dumb talking points or even thinking that they can trade it or thinking that the shitcoin is a long term rather than a short-term proposition.

Quote from: rachael9385 on Today at 11:49:27 AM

Quote from: Moreno233 on Today at 11:18:43 AM

[edited out]

However, if one is looking for a safe investment to start, it's probably Bitcoin, because Bitcoin is a trusted asset and anyone who cannot trust Bitcoin can not trust any other investment (just like you have said previously). One needs to focus on Bitcoin alone.

I agree with the idea of focusing on bitcoin first, and learning about bitcoin first, yet we should not blindly trust bitcoin, so we have to be considerate about figuring out our BTC position size in accordance with our building confidence in how we might end up choosing to allocate into bitcoin and the process can take a while to build confidence in bitcoin, even if we might start out investing into bitcoin as soon as possible, I would think that any of us should be trying to learn about bitcoin in order to increase our confidence in it and to be able to feel more comfortable, with the passage of time to increase our level of aggressiveness in investing into it... I doubt that we can automatically have confidence in bitcoin without having any clue about some aspects of what bitcoin is beyond just recognizing it as a word.

Quote from: rachael9385 on Today at 11:49:27 AM

The topic above simply means that we should buy Bitcoin at the dip and hodl it. HODL simply means "Hold On For Dear Life", and truly, we need to hodl Bitcoin till dear life because it's a good store of value.

That is a dumb expression to proclaim that HODL means hold on for dear life, which makes it sound as if bitcoin were some other shitcoin, which it is not.

Some dumbass from mainstream media started to spread the idea that HODL is hold on for dear life because they had no fucking clue about bitcoin, beyond seeing that it is volatile and wanting to emphasize the volatile aspect of bitcoin. Sure bitcoin is volatile, but bitcoin is more than just volatile, and we should try not to get trapped into misleading characterizations of bitcoin merely based on some mainstream attempts to group bitcoin with shitcoins.

Quote from: hero_the_bossman on Today at 11:56:36 AM

Quote from: FATIHA on Today at 06:58:29 AM

DCA is a highly effective strategy that provides investors with stress-free and regular investment opportunities. It’s a method where you invest regularly in a certain amount of money that doesn’t depend on market fluctuations. The biggest advantage of DCA is that you don’t worry or worry over the price. You can make long-term investments by handling it at a specific time of the month or week, so your average price may decrease with time. It’s a stress-free process, such as if you buy Bitcoin for $20 and the next week’s price is $10, there’s no problem, because you think it’s a long-term savings for the future. If you follow a specific routine of savings, that is, if you invest regularly together, you cannot worry about market fluctuations and your savings will increase. In addition, DCA gives you peace of mind, because your average entry price becomes more controlled and reliable.

A person won't get much if he would invest in Bitcoin short-term. And a person probably doesn't understand Bitcoin if he invests into it that way.
Before doing steps like that and DCA or buy in lumps, a person should consider all the risks, analyze a big chunk of info needed, and keep acting toward the goals in his mind.

Your quoting seemed to have been wrong, and I think that I fixed it, and you seem to be wrong @hero_the_bossman if you believe that there is some kind of a need to study BTC prior getting started with DCA or if you believe that getting into bitcoin in a short-term kind of a way is a good approach to bitcoin investing. If we are talking about investing rather than trading, then we likely should be striving to consider our bitcoin investing timeline to be 4-10 years or longer, so if we are considering less than 4 years, then we likely would be considering our bitcoin involvement as a trade rather than as an investment.