Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
TEBTC
on 11/01/2025, 22:50:09 UTC
[edited out]
I think the perfection that you have is certainly none other than continuing to follow up on your investment, because in the explanation where you are in a stressful situation when you have to pay off the business lease agreement and you can also make good decisions at that time.

Have you known or implemented DCA longer before 2013, because from the explanation of course you can increase more btc ownership. Perfection may be quite difficult to do but if there are no mistakes and full of caution of course 90% is included in the perfect category that has been done.

DCA can be used in a lot of investment situations, and it can even be used in trading situations to get a stake in some asset over time.  Surely some guys mistakenly apply DCA to shitcoins or even falsely conclude that shitcoins have long term value, so they might even DCA into shitcoins while the shitcoins are going to zero, so DCA does not tend to work as well if the asset is trending down rather than up.

One of the better ways to justify DCAing into anything is to come to the conclusion that the asset is quite likely to trend towards the upside during the period in which the person is investing into it, and sure there is still no guarantee that a person had accurately assessed the price trajectory of the asset, yet if at least he has made such assessment that the asset is trending up, then he is likely justified to DCA into it.

I am pretty sure that a lot of people use DCA, and they are not even sure that they are doing it.  I recall around 40-ish years ago, I was regularly buying bonds that were supposed to double in value over a certain period of time, so I would buy them regularly and expect that if I buy the whole cycle in which the bond was expected to double, then I could always have bonds, since I would be able to buy for 8 years or whatever was the period and then sell the old bonds to buy new bonds when they doubled, and sure that was probably not the smartest thing to be doing, but  it was something that I did many years before bitcoin, and sure I had other investments that included DCAing, including a 401k that I had and some other investments.  The 401k had a matching component from my employer for the first 5% of my salary, which I considered to be bonus reason to buy into it besides the tax benefits too.

What I want to achieve is perhaps perseverance in achieving gradual accumulation this year, I plan to balance my investment more in bitcoin than gold. I want bitcoin to be number 1 in my life and gold number 2, meaning that my ownership percentage may be above 66% for bitcoin and the rest in gold.

Even so, I have stopped investing in gold and prefer bitcoin which I have been running which is now entering its 3rd year. I imagine a comfort when the price of bitcoin goes up, the reason is because I am more enthusiastic to continue buying.

Frankly, the investment journey is very difficult, sometimes you have to be in a more appropriate position when economic problems come suddenly.

However, with your history that you have described, of course we learn a lot. we have to adjust the budget with wiser adjustments, for emergency fund reserves and also adjustments for living needs to continue the process as usual or not to waste more strongly when the focus for now is only on investment.

There can be good feelings to build up an investment and even if we might not exactly get to fuck you status, we still are likely advantaged through our building up our investments and even having had established various kinds of back up cash (such as reserve funds), so if we end up entering into a stressful situation - that might even be considered an emergency, then sometimes we might be able to make through the whole emergency and get back on our feet, without even having to deplete all of our  funds or even to stop investing in bitcoin because perhaps we had built such strength in our various back up funds that we did not even have to tap into our emergency funds.

There also could be situations in which we see others going through emergencies, and we might even be able to save them from their own lack of proper cashflow management and finances, and we can feel good about those kinds of situations, even though we likely also have to be careful if we might end up bailing out others, and if the others are not learning how to fix their cashflow situation and their investments, so it may not be a good thing to overly extend our finances due to other people making bad choices, even though surely we sometimes have people in our family who fail/refuse to learn good cashflow management and making reasonable investments, so sometimes it can be difficult to figure out where to draw the line in regards to bailing out others, even though it still might make us feel good to have the choice in regards to being able to do it or figuring out the extent to which we might choose to ONLY "partially" do it, and sometimes even if we are able to bail others out, it may well not be a good idea to either bail them out or to tell them that we are able to bail them out.

You may also want to keep a back up of your wallet, and you also might want to have instructions for heirs in the event of your death.  These are not easy questions or problems to solve, to the extent that you might either want to make sure you don't lose your seed words due to some kind of natural disaster (fire or something), and that you have some preference to passing your coins to heirs rather than dying with them.
There won't be any attorney that will distribute your bitcoins to your next of kin after your death, one has to do it himself. There are lot of bitcoin lost forever because of owner losing the keys or due to death of owner. This is something one has to take very seriously, if you have Bitcoins then you must inform your next of kin how to use them after your death. Make sure your hard work is not wasted once you leave this world.
Surely some folks have attorneys or other people they trust in their lives with the most intimate of details, and there can be a variety of ways for persons to make sure that they have some kind of a successorship system in place.  Trusted persons might have some or all of the material, and trusted persons might not even know the complete contents of the materials that they hold if there might be a sealed envelope or a safe or maybe there would be instructions to contact another trusted person (named Benny) for further instructions or for other parts of the puzzle.

i am not suggesting that there is any ONE correct way, even though I am suggesting that some people may well not end up adequately putting systems in place or keeping the information up-to-date if there might be some papers with passwords, there might be a failure to update the sheet after some of the passwords end up needing to be changed.
Yeah , there's nothing wrong with having someone you can trust with your keys to avoid any loss of funds due to lost of passwords or death, but in determining who to give you have to take your time first to see whose trust worthy , because endup telling the wrong person,  the asset may endup still better been lost . Because some folks  can run with your asset before any of these tragic events (such as lost of passwords or death) takes place .

But having a good successor will actually help to prevent your asset from been lost in such way , because even though you endup forgetting the password, your successor would be able to help you   access the password whenever you misplaced it.

Probably one of the best kinds of persons to know how to access your stuff or to have access to your back up seed or your instructions for  successorship is someone who will not access such information until authorized to do so, such as your death or incapacitation.  I believe another forum member mentioned that if more than one person has access to a key or a back up and then something ends up happening, like a hack or some other breach, then there could be some difficulties to prove which of the other ones might have done it.

You may also want to keep a back up of your wallet, and you also might want to have instructions for heirs in the event of your death.  These are not easy questions or problems to solve, to the extent that you might either want to make sure you don't lose your seed words due to some kind of natural disaster (fire or something), and that you have some preference to passing your coins to heirs rather than dying with them.
There won't be any attorney that will distribute your bitcoins to your next of kin after your death, one has to do it himself. There are lot of bitcoin lost forever because of owner losing the keys or due to death of owner. This is something one has to take very seriously, if you have Bitcoins then you must inform your next of kin how to use them after your death. Make sure your hard work is not wasted once you leave this world.
Surely some folks have attorneys or other people they trust in their lives with the most intimate of details, and there can be a variety of ways for persons to make sure that they have some kind of a successorship system in place.  Trusted persons might have some or all of the material, and trusted persons might not even know the complete contents of the materials that they hold if there might be a sealed envelope or a safe or maybe there would be instructions to contact another trusted person (named Benny) for further instructions or for other parts of the puzzle.

i am not suggesting that there is any ONE correct way, even though I am suggesting that some people may well not end up adequately putting systems in place or keeping the information up-to-date if there might be some papers with passwords, there might be a failure to update the sheet after some of the passwords end up needing to be changed.
Yeah , there's nothing wrong with having someone you can trust with your keys to avoid any loss of funds due to lost of passwords or death, but in determining who to give you have to take your time first to see whose trust worthy , because endup telling the wrong person,  the asset may endup still better been lost . Because some folks  can run with your asset before any of these tragic events (such as lost of passwords or death) takes place .

But having a good successor will actually help to prevent your asset from been lost in such way , because even though you endup forgetting the password, your successor would be able to help you   access the password whenever you misplaced it.
Sometimes, there may be some uncertainty which may result to someone loosing his/ her Bitcoin, so to avoid such uncertainty there is need to be proactive such as backing up wallet and passing instructions to heirs or next of kin to inherit the Bitcoin. However, I think one of the problem with heirs or next of kin is trust and integrity issues because if you make a wrong person your next of kin and make your password known to the person when you have a significant Bitcoin investment in place it may be dangerous because the next of kin depending on the person may possibly be planning to take possession of your Bitcoin even when you are still alive. So, think there is need to be very careful when choosing a next of kin.

For sure a danger if there is not large amounts of confidence, and so in some instances, the full information would ONLY come available upon the passing of incapacitation rather than giving complete information, and so it might not be easy, including preventing collusion, yet it becomes less likely if one, two or three "trusted" persons would end up having to collude against you while you were still living... and there are some ways to design in such a way that some persons do not know some parts of the puzzle while others don't know other parts, and they might not even realize it is a puzzle until after you had already passed, and then they find further instructions that are located in a place that you had guarded and they did not realize that it was a guarded place until opening up the envelope  (or something like that). .sure it may well not be fool proof, but it might help to keep honest people from becoming dishonest, at least during your lifetime  (or they don't really have the opportunity, until at a later date, which maybe no longer matters to you because you are both dead and you are wanting them to receive possession of the keys and that is what ended up happening ONLY after you died and after the 1, 2 or 3 pieces.. and hopefully not too complicated, were put together.
I quiet agree with you because the fact is that DCA knows kind of investment plans doesn't work for shitcoins because some of these coins the growth rate over a given period is very low so in terms of bringing back value on investment is not there so applying DCA to such investment will be wast of time