Quote from: Cryptmuster on Today at 09:06:18 AM

Quote from: Zackz5000 on March 18, 2025, 03:49:29 PM

If you have accumulated enough Bitcoin and then decides to only buy when bitcoin price is low it wouldn't be problematic because you have already accumulated to your satisfaction and decided to buy only when there is dip, but very problematic when you only buy when the price of Bitcoin is low which is always done by traders, accumulating Bitcoin using the DCA strategy is very much recommended for investors to accumulate Bitcoin with since you can be accumulating bitcoin both when the price is at highs or low without always waiting for it to get low before accumulating Bitcoin.

Those who always wait for bitcoin price to drop before accumulating Bitcoin don't value or know the value bitcoin holds they are not aware that bitcoin is a great asset that we need to accumulate enough and hodl for a long time for the sake of our future and generation to come.

In the previous cycle I did the same, when bitcoin became more expensive than 40k I stopped buying, but continued to accumulate stablecoins, there was a lot of hype then and all the headlines said that bitcoin would go to 100k, but it only reached 69k and went down, but I was in no hurry to buy, I waited for it to go below 30k, and then I started buying and bought all the time until the price reached 40k again, after that I stopped buying again, but as before I continue to accumulate stablecoins.

This time when bitcoin reaches 130k (because I believe that the bull run is still ahead) I will sell some, maybe even most of it and wait for a new bear market. Maybe this time in a bear market I will start buying earlier, around 50k, I am not ready to say for sure yet I will act according to the situation, assessing the market. I admit that Bitcoin may at some point reach a point where its volatility will decrease significantly if governments start buying it for their reserves, but until then volatility may persist.

Trading is pretty risky when we have amongst the best, if not the best of investments available.

But, hey you can do what you like.

Hopefully, with your trading you have been able to meet or exceed a strict DCA strategy. or even a buy and hold strategy.

Even with a strict DCA of $200 per week over the past 8 years, since your forum registration, you would have had invested nearly $80k and accumulated 6.2606 BTC. Hopefully you have been able to meet or exceed that level of performance with your bitcoin holdings and/or your trading.

Quote from: MinoRaiola on Today at 09:31:02 AM

Quote from: passwordnow on March 18, 2025, 09:25:48 PM

That's what I thought of and I meant on a positive way. Just like what were being told that we'll never see $3k, $10k and so on again and they did really happen and we've never seen them again and the same might happen for $85k because we'll be higher by that time.

No one of us can see the future, we can only speculate. But if you look at the past and read the old posts here in the forum, there are always the same questions and the same answers. Of course there are more information, but a lot of it is also reflected today. And i think that if the price should reach $1,000,000 per bitcoin at some point, then the questions will be the same: will it go up? how high can it go? when will there be an alcoin season?

Of course, if people do not have bitcoin, then they have to get started whether at $100k or at $1 million.

And who cares about shitcoins? That is a dumb concern and shows a lack of focus in terms of understanding how bitcoin is the thing that is important, the thing to keep our eyes upon and thing to keep our value into.

$1 million is a mere 10x from here.. so I doubt that $1 million is a major obstacle, even though it may take another cycle to reach it.

Quote from: Sim_card on Today at 09:51:19 AM

Quote from: Cryptmuster on Today at 09:06:18 AM

[edited out]

This is why I don't like the idea of buying and selling because you will not be able to keep your bitcoin accumulation journey ongoing in order for you to reach your bitcoin target. Why I said this is because, from your post, you love waiting and waiting is not for a long-term investor because it kills the goal of accumulating more bitcoin overtime.

I believe that if you have only focused on buying every time regardless the price of bitcoin through DCA, you will have a better size of bitcoin compared to what you have now. Investors are long-term holders who only keep accumulating for 4-10 years above without selling. Will you classify yourself a long-term bitcoin investor?

Yep.. waiting screws up the momentum, and it is quite probable that Cryptmuster is living in a delusion, and he could have had done way better with his nearly two cycles in bitcoin by focusing on buying and holding, but instead he is fucking around and even so blind as to suggest that he has some kind of a profitable system.

I would imagine that the various times that Cryptmuster put value into bitcoin, if he would have had errored on the side of maintaining that value and adding to it (such as through ongoing DCA), he would have had done way better than his fucking around with trading and his not even seeming to have good ideas when he is suggesting $130k as our potential new top and $50k as a potential correction zone.

Sure, he could end up being correct, but I doubt that his odds are even that great, even though his odds of underperforming the persistent BTC accumulator are probably quite high.

Quote from: max vitkovski on Today at 10:45:13 AM

I saw a lot comments abou why buy BTC is not late,but no one gave it a second thought that for 100k tooooo expensive!!! Wink

Sure, we already touched the subject matter of the cost of bitcoin. If you don't have any or you don't have enough, then you better start buying whether you start at $85k-ish or $100k-ish or whatever the price might be when you get started. Hopefully sooner rather than later, for your own good. But yeah, of course, you are responsible for your own actions, including your choice not to act.

Quote from: Btcdeybodi on Today at 04:20:22 PM

Quote from: Derekfunds on Today at 04:03:02 PM

[edited out]

You have already said that it is not compulsory that we must start by buying a whole bitcoin which is right but saying that the price of 1 bitcoin is not high sounds like you are trying to confuse yourself because let us be frank, 1 BTC is about $83,000, can you afford the money to buy it at a go? NO, which means the price is high but since it does not necessarily mean that we must buy a whole bitcoin, but by steadily buying some fractions of it consistently, we can even own more than 1 bitcoin in our portfolio when we accumulate and hodl for a long time.

You can buy more than 1,100 satoshis for $1. So the price of bitcoin is not high.

Quote from: MinoRaiola on Today at 07:08:54 PM

Quote from: EarnOnVictor on Today at 12:51:47 PM

That's the gist, the status and the tradition Bitcoin has acquired will not allow it to see ridicule for too long. Even if it falls so much now, over the years, you may still see it at a high level that would have been multiples of the value you thought it was hopeless at. This was what I told someone who faulted the last 130 BTC purchase by Michael Saylor on March 17th, though Bitcoin has sold ever since then, but for how long? In the next few years, Bitcoin may be above $150k again, he must have made about 2x of his money by then and it keeps going like that.

If the one who criticized Michael Saylor, than criticize him too. So if he holds his money in dollars or euros and should normally know that there is an inflation of 1-3% every year. That is 10-30% loss in value in 10 years. Where will bitcoin be then, i dont think at a XX.XXX$, much higher. There are many more institutions, they bought bitcoin, you can say him a lot more names...big names.

Prior to 2020, there were frequent assertions that inflation (or the debasement of the dollar) was only around 2%, yet there are also indications that such debasement was likely quite higher than 2%.

These days we need to anticipate quite higher debasement levels, especially since 2020 - perhaps in the ballpark of 6%to 10% annually, and sure the quantity of debasement will also depend on the good and/or service that you need (want).

As far as bitcoin's value goes, bitcoin is appreciating in value based on the soundness of it as a money, it still being in early adoption phases and the debasement of the dollar. Bitcoin is likely to continue to grow in value way greater than the debasement of the dollar levels.

Of course, we cannot predict any kinds of exact levels regarding how well bitcoin is going to continue to perform as compared with other assets/currencies, yet I would think that it is better to figure out some kind of a strong allocation to bitcoin since it seems to be amongst the best, if not the best, of asymmetrical bet assets that currently is available to everyone and anyone across the globe..