Quote from: $crypto$ on Today at 11:45:47 AM

Quote from: Wind_FURY on Today at 05:23:09 AM

Although there are traders who are actually successful in trading short-term with or without leverage, it's not for PLEBS like US. I discourage fellow plebs from "trading", but if you truly believe that you could profit as a day-trader, then to measure your success rate, make a pretend purchase in Bitcoin with 100% of your trading capital. Check if you outperformed Bitcoin every year. Because if you didn't, then you merely wasted your time and probably shortened your life-span from the mental stress and loss of sleep.

Day trading is not an easy thing this is difficult to do maybe you will be depressed because of lack of sleep or drain the mind, then I can't afford this then it's better to invest much more relaxed do not have to think about anything.

The daily or short-term success rate in 1 year then it will be more minus, if I myself do it.
The success rate of investing for 1 year in Bitcoin then the success rate is high, not even a loss if you don't sell it.

Investors are investing into bitcoin for 4-10 years or longer. Who the fuck knows what could happen in 1 year? and it is very difficult to make comparisons, and even in 4 years you are not guaranteed to make profits even though you can continue to buy bitcoin for 4 years, and reassess where you are at.

if we make historical comparisons of traders to regular DCA people, it is quite likely that the trader is not going to beat the regular BTC investor over the longer term, yet in the short term, the trader would have better chances of beating the investor.

Many of us realize that trading tends to be like gambling, which means that you are likely to find some lucky people in trading, yet if they are trading regularly, it becomes quite unlikely that they are going to beat bitcoin.

For example in the past 10 years if a guy had invested $100 per week into bitcoin, then he would have invested right around $52.5 k and he would have had accumulated right around 35 BTC, and I doubt any traders are going to beat that, and even if they could, who cares. It is much more risky to be fucking around with trading. .and maybe you beat a regular DCA, and maybe not.

Quote from: Gallar on Today at 01:05:43 PM

Quote from: JayJuanGee on January 23, 2025, 10:55:42 PM

Quote from: Gallar on January 23, 2025, 06:17:51 AM

Quote from: JayJuanGee on January 22, 2025, 05:44:08 AM

Quote from: Gallar on January 22, 2025, 05:04:36 AM

Quote from: Bd officer on January 21, 2025, 11:24:33 AM

We have to admit that the best way to invest in Bitcoin is the DCA method, it is a good way for every investor. To hold Bitcoin for the long term we need to have confidence that Bitcoin will do well in the future, we need to take risks and be patient. What I have learned from my real experience, is to invest what you can afford to lose in order to hold Bitcoin for the long term. I invest in Bitcoin and forget that I invested in Bitcoin. So I prefer to buy Bitcoin even at this time, my plan is to continue investing with DCA method until 2029. Now everyone has a different strategy, one person's plan will not match another's.

The DCA method is very relevant for use by all investors, both investors from the lower middle economic class and the upper middle class. Because if explained more simply, the DCA technique looks like saving. However, the difference is that DCA is more well organized and has a regular time for making bitcoin purchases. That's why DCA is perfect for all bitcoin investors. Because buying bitcoin regularly means investors don't need to be afraid of price fluctuations. But in my personal opinion, DCA can also be divided into two types depending on the circumstances of bitcoin investors. The reason is that quite a few investors collect their money first, then carry out DCA and divide their purchasing time into a certain period of time. However, there are also those who carry out DCA based on the discretionary income they can get every month from their work salary. I think these two DCA methods have the same goal. But the first method may be more suitable for rich people and the second method may be more suitable for people with middle economic conditions. So with this, it is clear that DCA is a very good purchasing method for investing in bitcoin.

I question whether you are sufficiently thinking through the differences between rich people and poor people because I doubt that it makes any difference to hold back money for either rich or poor, in terms of advantages.. but maybe you are just making your points in a bit awkward ways when you are talking about whether or not to have an emergency fund... which everyone should have and build up towards having, especially the longer that they invest into bitcoin, but yeah, if poor people aren't doing it (which sure I know that many times they are not), then they end up getting fucked in the end because they don't have back up funds..
~Snip

If what you mean is the assumption I printed in bold, in that post I did not explain in detail why rich people are suitable to use this method. However, I will explain it in more detail. In my opinion, there are rich people who pool their money first to invest in bitcoin using the DCA technique. By collecting money, what I mean here is money that was earned with difficulty by someone before getting to know Bitcoin. Because of course for rich people who already have a lot of money, it would be very good to do DCA on their bitcoin investments. So with a lot of money (cold money), the DCA system that is run will be smoother and more consistent. Because of course rich people already have a certain nominal amount of money to invest in bitcoin. For example, I already have cold money with a nominal value of $100K to invest in bitcoin using the DCA method. Then I accumulate it every 2 weeks until the capital money is completely used up. So of course every 2 weeks I will not miss my DCA on bitcoin until the capital money is completely used up. That's why I say this method is very good for rich people who have collected or have capital money first.

I doubt that you are describing the dynamics with rich people very well, since even rich people are not too likely to be keeping a lot of value in cash, so even if rich people have access to various ways that they can get cash, many times rich people do not want to sell one asset in order to buy another, so they end up spreading out their entrance into the asset instead of investing in a lump sum way. Sure, there are always going to be examples of someone having a lot of cash or maybe selling an asset and then spreading out payments rather than lump summing, and perhaps in the end, there are difficulties to overly generalize motivations that rich people may have to enter in a DCA manner rather than lump summing into an asset whether bitcoin or some other asset.

Yes, maybe you are right, rich people probably don't keep much cash, because it might already be invested in certain assets. But as far as I know, if someone is really rich, usually such a person always keeps quite a large amount of cash in his bank account. This money is clearly cold money mixed with the money necessary for his living needs. Because I personally often hear rich people talking about it. He deliberately has a large amount of cash in his bank account just in case there are potential assets to invest in or projects he can work on to further develop his business. Because after I observed the mindset of people like that, they are always quick to seize opportunities if they are in front of their eyes. Likewise with investment assets such as bitcoin, rich people like that who are interested in buying bitcoin will definitely buy it straight away. So why do I say DCA is also suitable for rich people. That's because rich people who like investing in shares are definitely familiar with DCA. Because even in stock investments, DCA is also a method that is often used. That's why I say rich people definitely suit DCA when starting to invest in bitcoin.

I am not proclaiming that rich people don't do DCA, and in fact I agree with you for the reasons that I already stated that there could be a lot of cashflow management reasons to employ DCA, yet if rich people get lump sum amounts coming available to them and they have already decided to invest into bitcoin, then they may well not be advantaged by spreading out their amount rather than front loading into BTC. Sure, if we have had a lot of BTC price rise in recent times, there may end up being a mixed strategy to account for dips rather than buying all right away, so there could be structures to buy dip and also DCA to spread out, yet they also may want to buy some right away just in case a dip does not happen... and surely other particulars regarding the extent to which they have other BTC or if they have other investments and perhaps other personal factors would help them to figure out how they might want to tailor their entrance into bitcoin, the extent to which they might front load and invest right away or to defer by buying dips and/or DCA.