Quote from: MusaPk on January 28, 2025, 07:22:10 PM

Quote from: JayJuanGee on January 27, 2025, 08:43:00 PM

He calculates out the amount that he has to set aside for his expenses, and then he attempts to maximize his BTC buys with whatever he has available, and sure sometimes the amounts might be regular and weekly or every couple of weeks, but every once in a while he might receive amounts that are way larger than his regular amount, so perhaps every week he is getting around $10 extra that he can spend on BTC, but every 3-4 months he has some side project that he receives somewhere between $150 and $300 - depending on details of how the project ended up going, so at that time, when he gets those larger payment amounts, he suddenly has 15x to 30x his usual weekly DCA amounts, so he knows that he could still choose to treat the amount as a DCA amount and buy right away, even though he also knows that when he gets those larger amounts, he has more options during the times that he ends up receiving those larger than usual amounts.

That's the strategy we have to adopt, specially the one who dont have huge cash in the form of lump sum but have some extra cash occasionally. As long as you don't have enough Bitcoin be bullish in putting anything you have in Bitcoin. I have shared my personal experience of how HODLing Bitcoins for less then a year can be helpful. If Bitcoin can increase it's value considerably in one year then how much benefit it will give in next 10 to 15 years? For that we need to go bullish in accumulating Bitcoins.

When we are reaching new ATHs then everyone looks like a genius, so I doubt that you can be applauding yourself for being so wonderful for being in profits after a year, and it is the same for anyone holding bitcoin for less than 4 years.

Make it through a whole cycle and then you will start to potentially have some credible in regards to telling me how wonderful your own personal situation has been in regards to what you did and how you handled the whole cycle.

Sure, not everyone is going to end up doing the same thing, but if they mostly bought for at least one whole cycle, then I would consider that to be impressive.

There may be some guys who make some adjustments to what they do through the cycle, and I have no problem with some ideas of tailoring, too.

We are not all equal too, since some guys got in at different stages of the last cycle, so there are different challenges to get in while the BTC price is going up as compared with the challenges of figuring out what to do while the BTC prices are going down.. and even after 4 years, there may well be some instance in which another 1/2 cycle might need to be taken into account to really start to build some credibility in regards to how a guy might handle his BTC stash but also to show how he handles his BTC accumulation and/or determininations that he had accumulated enough BTC, if that ends up happening within a cycle or two.

We have some guys chiming into this thread (and some of the other related forum threads) who have spent close to 2 cycles in bitcoin and still are not even close to reaching a status of their target accumulation or overaccumulation, yet they still come to conclusions that end up fucking up their BTC accumulation. They made the same mistakes in the past, yet they continue to make similar mistakes which I believe tend to revolve around losing focus on BTC accumulation.. so I am not going to agree to anyone being able to pat themselves on the back for having had demonstrated some kind of personal accomplishment merely for whatver they might have had done in less than going through a whole bitcoin cycle.

Sure no problem if you are making progress and continuing to stack BTC, but to suggest the mere fact that your holdings are in profits seems way premature, since right now every single person (besides the dumb ass traders) who has been mostly accumulating and/or holding should be in profits.

Traders have varying results, and there are going to be times that traders try to act like geniuses too.. but I tend to have my doubts over whatever bragging that they are doing unless maybe they have a couple cycles in bitcoin and they are able to beat the investor who merely strictly DCA'd a similar investment amount over the same time as the trader supposedly performed well.. and there are few traders who are really in a good position relatively speaking as compared to the strict DCA BTC persons.

Quote from: MusaPk on January 28, 2025, 07:22:10 PM

Quote from: JayJuanGee on January 27, 2025, 08:43:00 PM

From time to time, there are still going to be some strange situations that end up happening in terms of guys sometimes forgetting about their BTC or even forgetting how to access it.. and then maybe remembering at some later point...... .so even a person might buy a few hundred dollars worth of bitcoin, and then maybe the price goes up 8x or more, so the guy goes to try to figure out how to access his BTC, but he cannot figure it out, and then maybe the price drops back down, so then he thinks that he will just get back to the problem of trying to access his coins later, and maybe he keeps procrastinating because he is not even sure he can figure it out, and maybe the BTC price goes up again, and then it is 20x or more higher than his earlier price, so then he becomes even more inspired to try to figure out how to access his coins.. and yeah, maybe it sounds weird.. but there can sometimes be weird kinds of situations that may also relate to a person who has a variety of other things going on in their lives and maybe even some explanation why they are not putting more effort into monitoring and/or managing their BTC in a more reasonable (or normal) way.

There are many such examples in initial days of Bitcoin, when people got whole bunch of Bitcoins for just few dollars or even for free. In those early days people mostly take Bitcoin for granted and they woke up when there few dollars worth of Bitcoins were in millions but they don't know how to access them. Anyone who is doing such silly mistake today must be tagged as a fool. Because of the previous cases, we must be aware that Bitcoin today will have it's value increased in coming years. To get benefit of your current hodlings in future, one must has to take care of his Bitcoins keys/passwords.

There are still going to be folks making mistakes in regards to various ways that they manage their BTC and also not realizing mistakes that they made.

It can sometimes be complicated, and many of us have many things going on in life, and little mistakes (or oversights) can sometimes end up with pretty BIG negative repercussions, even if the kinds of mistakes might change over time, there are still plenty of mistakes related to dealing with private keys and also a lot of mistakes of agreeing to use an exchange that ends up rug pulling or blocking accounts.. Those can be similar kinds of mistakes that people should not do, and should know better, but they are still going to end up making a variety of mistakes that result in lost coins or hacked coins and/or various other ways of losing coins.

Quote from: Cookdata on January 28, 2025, 08:16:16 PM

Blackrock is another example of wallets that is DCA Bitcoin everyday because they having vision and goals for Bitcoin.

Blackrock is selling shares and accumulating BTC on a daily basis in order to back up client claims to the shares that are supposed to be pegged to the BTC price. Even though Blackrock owns the coins they have fiduciary duties to their clients..and those are supposed to be legally enforceable duties, yet a lot of BIG companies are used to engaging in a variety of manipulations of markets and even getting profits over their clients in ways that are sometimes quite questionable, but legally acceptable.. and surely I would not put it past Blackrock to be continuing to manipulate clients and also manipulate bitcoin in whatever ways that they are able to do so and get away with it, including that sometimes they make money by being the BIGGEST player (bully) within various sectors that they can sometimes play off of one another when having such large stakes..