I believe that with the "Sovereigns", or the "Nation-States", formulating their plans on how to buy/how much to buy Bitcoin, the people behind the smaller Sovereigns are probably deciding whether to buy or not.
What's the point of this? The actual point is that the game theory behind Bitcoin ownership has changed. Those smaller Sovereigns SHOULD buy, or they lose to the Bitcoin Game to Sovereigns that HODL. We, as individuals, who have already bought Bitcoin should probably keep owning it until we see an actual top.
The top? That's probably when Bitcoin's total market value is more than Gold's total market value.
What's the point of this? The actual point is that the game theory behind Bitcoin ownership has changed. Those smaller Sovereigns SHOULD buy, or they lose to the Bitcoin Game to Sovereigns that HODL. We, as individuals, who have already bought Bitcoin should probably keep owning it until we see an actual top.
The top? That's probably when Bitcoin's total market value is more than Gold's total market value.
Oh gawd...
I though that you were an investor.. but you are just looking for a top, which probably shows that you don't really understand bitcoin, including if you think that gold is anywhere close to bitcoin's top, if there were to actually be a top as you imagine.
I have a dilemma if I should give you hints about the correct answer or not, or just let you continue to mull in your level of apparently failing/refusing to understand bitcoin and/or what is bitcoin's addressable market.
O.k.. that is a reasonably fair hint.
Think about bitcoin's addressable market. You seem to have suggested that it is something similar to gold. So do you speculate that bitcoin and gold are going to hover around the same price (market cap)? Is that your view of the world, as it incorporates bitcoin?
You've been around the forum and batting around bitcoin-related ideas for more than 8.5 years... and have you got any better ideas in that time? Have you learned how to think beyond the confines of a previously self-described struggling poor person?
Sure, you sometimes say some things that cause me to consider that you are better grasping bitcoin in broader ways, yet you also revert back to some kind of seemingly confused status, like you had been following some kind of a shitcoin thread, and then you started to consider that bitcoin was similar to some kind of a stock with similar kinds of limits in its upside potential.
Such alts (Trump and Melania) with keep coming with time to time and we just need to have one stance for them i.e. stay away from them.
Exactly.
"Just say no" to shitcoins.
So I prefer to buy Bitcoin even at this time, my plan is to continue investing with DCA method until 2029.
Now by your forum registration date, you might have started investing in bitcoin in May 2023, so surely getting into 2029 will bring you into 6-ish years, and surely that would not be unreasonable at all for anyone who might be fairly early in his bitcoin investment journey, even if some guys also might be able to front-load their BTC investment, they still might not have enough capital to really bring the size of their BTC stash up in any kind of a meaningful way in a short period of time, so they need to try to budget in the fact that they are likely going to be trying to play time to their advantage by getting into bitcoin as soon as they can, invest as much as they are able to invest without over doing it, and then just plod away and consider that it could take quite a long time to really start to get to a place where the accumulation plan might be able to be modified away from persistent, consistent, ongoing and perhaps even aggressive BTC accumulation through buying.
.... the chances of you losing from Bitcoin in the long run are very low.
Even if you are factually correct, to me it seems problematic to frame risk in that kind of a way... .. .. I frequently like to think that the most that I could lose is 100%, but then sure I also agree that there are not too many scenarios for that to play out, but there are some scenarios that go beyond merely what bitcoin itself does... .. yet there are even scenarios in which bitcoin itself could end up getting manipulated in the DOWNity direction instead of our current seemingly never ending UPpity price pressures.
For me, I still consider position size... what is my position size.. and is that suitable for total of my personal circumstances.. think about a guy who is overly optimistic about bitcoin, and he starts to think that this thing is going up no matter what, then what is he going to do? Sure in the long term, he has good odds of being correct, but in the short term if he put all of his value into bitcoin, he could end up getting himself into a bad situation.. and yeah for sure, I don't know the right reaction for everyone in regards to accomplishing their position size.. and then surely, if they are still buying then each week they are considering how much more to put in for that week, and their position size is building up and hopefully appropriate for that moment and for those circumstances and the position size may well continue to build and build and build, and perhaps no adjustments are needed, yet there may be times in which it might be valuable to analyze in a more in-depth way regarding if position size and/or approach to position size might be improved by making some tweaks to what is there or what is being added (and how).