Quote from: letteredhub on Today at 06:18:26 AM

Quote from: JayJuanGee on February 14, 2025, 03:24:20 PM

Quote from: AirtelBuzz on February 14, 2025, 05:49:02 AM

Quote from: NicNacCoin on February 13, 2025, 09:43:15 PM

Quote from: KingsDen on November 21, 2024, 08:15:04 PM

I am going to sleep, in a creek hotel without paddle. Wake me later tonight when BTC hits $100,000.

Bitcoin reaching $100,000 was a joyous moment for everyone in the first phase. I could never have predicted that Bitcoin would reach $100,000 by 2024. I thought that Bitcoin could reach a maximum of $70,000 to $80,000 by 2024. But Bitcoin has grown rapidly and made people fit.

The price of Bitcoin touching $100k was a moment of joy for everyone as it was the first time in Bitcoin's history that a unique milestone had been reached. In fact, no one's prophecy on Bitcoin prices is not yet correct so what you thought was not correct. The Bitcoin market has not been significantly bullish since the price of Bitcoin fell to $92K a few days ago, i.e. since then we have not seen a significant increase in the price of BTC in the Bitcoin market.

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Now we are constantly waiting for new ATH, but again we will fall asleep and wait to see new ATH.

Perhaps it is everyone's expectation that the Bitcoin price will be able to create new ATH again, but given the current trend of Bitcoin price growth in the market, that may not be possible. Right now, the price of Bitcoin is only trending downward.

Funny how both relatively new members and even forum veterans describe bitcoin's price in dismal terms, and proclaim that $100k is some amazing thing that happened and will be difficult to achieve or maintain.

Sure, each time is different, yet we have been in these kinds of repeated patterns several times, and yeah the size of the players change, but the dynamics remain similar.. which is UPpity, and so anyone who has not stacked more than enough bitcoin, perhaps especially any forum members in their first whole cycle of stacking, are going to be best served by continuing to ongoingly, persistently, consistently, regularly and perhaps even aggressively buy BTC without concerning themselves with the price, since many of you seem to be inadequately and/or insufficiently prepared for up, even when you think that you are, many times you are not even close to having enough or more than enough, which cannot even be achieved in less than 4 years of stacking unless you have the means to frontload your investment into bitcoin, which again most normies are not really able to front load their investment into bitcoin and they have to rely on ongoing stacking through DCA and lump sum, and perhaps buying on the dip, yet buying on the dip is an inferior method if it is not accompanied by regular and persistent buying, since it tends to devolve into waiting rather than acting... and yeah each of us have our own choices about the extent to which we act and the extent to which we will have consequences from our choices to act or to not act in regards to making sure that we are continuing to stack bitcoin consistently, persistently, regularly and perhaps aggressively, too.

Maybe if all categories of bitcoin investors get to focus more on increasing their portfolio than the energy they exert in focusing on bitcoin price falling which now turns to be a determinant for buy for the most of them then they could be stacking so much within four years beyond what they never imagined . But because people gives so much attention to the price of bitcoin waiting for a dip to activate a buy as best way to maximize better profit, but this they do without been aggressive in the process thereby affecting how much they could stack before even a circle is met. Perhaps if we could do away with the thinking about bitcoin price falling and rather develop an upward trend mentality towards the future of bitcoin it would robustly increase our stacking culture than when we wait on just the dip.

Most normies are going to need more than a whole cyle to build their BTC stack to a decently sufficient size, even if they might be in a position to front load their BTC investment., and many do not realize that dynamic.

Sure, there may be some folks who are able to draw from other places, and to really get to sufficiently decent BTC stack size and perhaps even to overallocate prior to going through a whole bitcoin cycle, and those people are exceptions, so any newbie investor does need to consider which category he falls and to assess his own circumstances.

Of course, another aspect of bitcoin, even for those who are able to achieve a status of over-accumulation is the compounding effect of bitcoin, so sometimes there can be quite a bit of payoff from just staying into the bitcoin investment for more than a whole cycle and perhaps even a couple of cycles.. Yet, the guy who reaches over-accumulation does have a lot more options, and there is no one set formula for how to deal with having had gotten such over-accumulation status.

Quote from: KingsDen on Today at 11:48:58 AM

Thank you JayJuanGee. I have gotten the clear picture of your suggested investment strategy. I will apply your strategy of 70:30, incase of dip or bear, the 30% will be used to buy more. The idea is making me reluctant or guilt to sell BTC while accumulating aggressively.

Even though you are surely responsible for figuring out your own balance, even if you end up getting it wrong.. hahahahahah.. but yeah, for sure, it sounds better if you are figuring out some kind of way that you can prepare yourself financially and psychologically for both directions (either direction). I frequently assert that if you can prepare yourself financially, the psychological part should mostly follow.

So my understanding if you are keeping 70% of the value of your BTC investment portfolio in bitcoin, and the other 30% in cash, and so if you have any new income, such as $100 per week, you will put 70% into bitcoin and 30% into cash. So then with your cash portion you have some parameters that you have described for yourself how you will spend it (perhaps on dips), and so if there is no dips for a while that meet your satisfaction that 30% portion that you keep setting aside will continue to build up until it meets your requirements. So, depending on how strict are your requirements, then you might end up depleting and/or getting out of balance from time to time based on changed market conditions.

Let's say for example you had been buying $100 per week in bitcoin over the past 3.5 years since you got into bitcoin, so therefore you would have had invested around $19.5k and you would have accumulated about 0.5552 BTC, and maybe you have already put your emergency fund in place that is 3 months of your expenses, and you might have some other back up funds (so you have been employing good cash management practices). ^** Let's say that you also have already saved an extra $2k for buying dips.. but you had been hesitant to invest it into bitcoin.

**Note: I am just making this up as a kind of better case scenario, which you may or may have not been able to achieve these kinds of things, but just to give some guideline ideas.

Of course in the above scenario your 0.5552 BTC would have a spot price value of $54k-ish, and a 200-WMA value of $24.5k. So you could consider your 30% cash reallocation based on either value, and yeah, perhaps you had already taken such action to shave some of your BTC based on those considerations, but if you had not shaved any then surely shaving 30% might be a lot to shave.. but I have my suspicions that you probably have not been aggressively accumulating bitcoin over the past 3.5 years, so you have likely been keeping decent amounts of cash..but then maybe some of that cash cannot be allocated towards possible bitcoin buys but instead making sure that your emergency fund and any other back up funds were sufficiently being kept.

Surely there are tradeoffs for allocation size choices, yet the main thing is that you find sufficient balance in your ways of allocating and if you might change your allocations from time to time based your changes in sentiment and/or your financial circumstances.