Quote from: Gallar on Today at 03:55:24 AM

Quote from: Btcdeybodi on March 27, 2025, 08:38:10 PM

Quote from: POPOLUV on March 27, 2025, 08:21:59 PM

I really agree with you that there is no fixed amount or price when it comes to DCA, it all depends on personal interest or choices in which you can eventually be able to afford without having a break down in your daily income or monthly salary,

Even if you can use any amount to invest at any time of your DCA but it should be within your discretionary income and also, making an investment plan for your income is very important such that you can focus more on your most important needs in order for you to have enough discretionary amount to invest. On a normal context of the DCA, it is supposed to be about investing same amount of bitcoins but the reason why we don't need to be so strick about the fixed amount is for a stress free investment without having to be struggling to meet up with the fixed amount at every time of your DCAing.
~Snip

A very funny debate, how is it possible that when someone does DCA on bitcoin there must be a rule about the nominal, I think it is illogical. Because the name of the investment with the DCA method, of course it is up to each individual and no one should regulate how much money will be invested in each accumulation.

Surely each guy has complete authority to decide whether to invest into bitcoin, the amount that he invests into bitcoin and the frequency that he invests. He also has discretion whether to trade his bitcoin and/or to involve himself in shitcoins.

I think that guys want to discuss how to consider their level of aggressiveness in investing into bitcoin, and they also want to discuss what fits into certain kinds of categories such as lump sum, DCA and/or buying on dips and also other kinds of strategies in order to either help themselves or to help other members to work through various ways that they can approach their bitcoin investment.

Quote from: Gallar on Today at 03:55:24 AM

Because basically everyone's discretionary income will definitely be different, so of course the money that can be accumulated into bitcoin will definitely be different.

Some guys might not be sure how to classify their income or how to get into a practice of strong cashflow management without either talking through these matters and/or putting their own ideas into practice, while at the same time mistakes can end up being made or even their own understanding about how to treat their own income/expenses that might have a lot of variability, they might not be clear about how aggressive that they might be able to be in their investment into bitcoin or if they might end up engaging in overly risky behaviors.

Quote from: Gallar on Today at 03:55:24 AM

In addition, in investing, in my opinion, when talking about the nominal money or capital, we don't need to be fixated on other people's assumptions. Because basically our circumstances with other people are definitely different.

If we cannot learn from the situations of others or even the working through hypotheticals, then we might have troubles recognizing and/or appreciating the extent to which our own system is reasonable in terms of its level of aggressiveness or in terms of our balancing of our own individual factors.

I think that a lot of us participate in this forum in order to bat around ideas and even to figure out the extent to which we might be able to improve our own perspectives and practices in terms of how we might think about our bitcoin, whether we are in the stages of considering how to get started, or how we might accumulate bitcoin and/or even our attempts at considering and framing our bitcoin accumulation goals.

Of course, there are guys who can figure out these matters by themselves and without any reading and/or writing about the topics, so sure maybe those guys find it to be a waste of time to involve themselves in a forum like this. There are some guys who do not participate very much in the discussions, and surely there are some guys who participate and share some pretty strange ideas, and some of those guys continue to participate and they learn better ways about thinking about BTC, and they learn better ways to accumulate BTC and/or better cashflow management practices.

If we do not talk about amounts and/or percentages, then the ideas might not be specific enough or understandable. Sometimes it can be good to throw in ideas that include the use of numbers or even to express our disagreements in regards to the numbers that other guys propose to be reasonable.

Over the years there have been some guys who have proposed numbers to invest into bitcoin, such as 50% of their income, and other guys have consider those kinds of numbers to be quite unreasonable, even though surely there could be some guys who might be able to make those kinds of numbers work for them. I frequently like to talk about something like 10% to be a reasonable starting point, yet guys still have to tailor to their own circumstances, and many of us realize that with a mere 10% investment of our income into bitcoin, it will take 10 years for us to have had invested a full year's income into bitcoin, and surely some guys would like to be more aggressive than that, yet they also have to realize that sometimes it can still be difficult to be more aggressive than you are able to be, and so it can take quite a bit of time to build up a bitcoin investment, even if guys might have to struggle to even be able to invest 10% of their income into bitcoin.

Quote from: Gallar on Today at 03:55:24 AM

So what must definitely be learned from other people is things outside of investment capital, then it is good to learn from other people. So the point is when you are going to invest in bitcoin, look at your own situation first and don't look at other people's circumstances (in terms of finance). Because if we look at other people's financial situation, of course the results will be less than good for our mindset in viewing investment in Bitcoin.

Surely there are guys who get distracted by what other members are doing, so for example, if I suggest to start out by trying to invest $100 per week into bitcoin, and some guys are not able to invest at those levels from the start, and other guys $100 per week would be way too whimpy... So sometimes we might have to try to relate with other guys in terms of percentages rather than absolute amounts, but then talking about percentages can sometimes seem too abstract since guys do have to figure out whether they are ready, willing and able to invest into bitcoin based on their own circumstances, yet they also have to figure out what systems they already have in place in terms of whether they have a discretionary income and/or whether they already have good cashflow management practices that might include some emergency fund and/or other kinds of back up funds.

Some guys come to bitcoin while having very strong cashflow management practices, and others might have messy cashflow management practices and even a lot of complications in regards to their outstanding debt that they may have to figure out how to prioritize in the event that they either want to get started adding bitcoin into their investments or to figure out how they want to consider bitcoin in the event that they may have already been dabbling into bitcoin yet they might have had already made prior mistakes with their involvement in bitcoin and/or in shitcoins.

Guys can come to bitcoin with good habits and/or bad habits, yet it seems that the forum, and threads like this one can help guys to be able to better help themselves, and frequently the sharing of some of our experiences and perspectives might be helpful to other guys... which just writing out some of our ideas can sometimes be helpful to improve our ideas and our practices.

Quote from: SilverCryptoBullet on Today at 04:42:55 AM

Quote from: Gallar on Today at 03:55:24 AM

A very funny debate, how is it possible that when someone does DCA on bitcoin there must be a rule about the nominal, I think it is illogical. Because the name of the investment with the DCA method, of course it is up to each individual and no one should regulate how much money will be invested in each accumulation.

Nobody can control your finance and investment capital excepts if you make loan for investment and put your investment capital, personal finance at risk and sometimes on brink of bailout.

Quote from: Gallar on Today at 03:55:24 AM

Because basically everyone's discretionary income will definitely be different, so of course the money that can be accumulated into bitcoin will definitely be different.

You only need to understand that centralized exchanges or centralized peer to peer marketplaces have their minimum trade sizes, that you must know and afford to meet it. Later you will have to meet its minimum withdrawal size so that you have clear ideas on how many times of DCA with a same small capital size for being allowed to withdraw your bitcoin.

It's also cost of withdrawal fee to make sure your withdrawal value is big enough to cover withdrawal fee to make the withdrawal fee on your withdrawal is not too expensive. If you make a withdrawal and withdrawal fee costs 50% or 70% of withdrawal value, it's too unwisely.

Some guys get stuck up on the bad ideas that they need to completely keep coins off of exchanges, yet then they end up screwing themselves if they end up having 100s of transactions with $10 to $50 each, so then to combine all of those transactions in the future, the person ends up having a lot of expenses based on transaction fees, and so it is not ONLY the fee that they exchange charges, yet the size of the UTXO can become unspendable if a bunch of small UTXOs are created. Guys might not realize that it might be better for them to wait until the withdrawal reaches a certain amount (such as $500 or perhaps greater than 500,000 satoshis or some other reasonable ways of assessing whether and when to withdraw from exchanges into private wallets).

Quote from: Wind_FURY on Today at 05:48:40 AM

Perhaps I should start a small "Bitcoin Investment Fund" from my brothers' old equipment. I will start selling them now, then wait for the next bear market to bid Bitcoin.

Waiting does not tent to be a good investment strategy, unless you already have a lot of BTC... Of course, you have likely been accumulating BTC since 2016, so perhaps waiting might work for you, even though it still might not be a great strategy if you have not reached enough BTC and you are still considering ways to accumulate more BTC... which accumulation of bitcoin seems to be your stated goal when you are saying that you are considering selling stuff to be able to buy more bitcoin.

Quote from: Barikui1 on Today at 06:14:08 AM

Quote from: Wind_FURY on Today at 05:48:40 AM

I will start selling them now, then wait for the next bear market to bid Bitcoin.

sir, is their any point waiting for the next bear market setting in?
Because right now The price of Bitcoin is already down and very cheap compared to how much it can skyrocket to in the future, so why not act once the funds is available?
Do not forget that by waiting you might miss this dip opportunity that is present now, because the price of Bitcoin might decide to start appreciating from here than going down further, so it would be very good that you buy once the funds is available, than waiting for it to dip further.

Wind_FURY does not ever seem to learn from his past mistakes. In September/October 2023, he was failing/refusing to buy bitcoin when it was bounding in the mid-to upper $20ks because he was waiting for lower $20ks, which as we know never happened.

Wind_FURY has done this several times, and he thinks that it works to his advantage to fail/refuse to accumulate bitcoin based on his supposed poverty status.. which likely he is making worse by his ongoingly promoting and practicing waiting rather than buying practices.

Quote from: Futurexxx on Today at 08:01:02 AM

Quote from: SOKO-DEKE on Today at 07:10:19 AM

However, instead of waiting to sell properties, why not start investing the money immediately by using the DCA (Dollar-Cost Averaging)

I think you should look at his statement again, he is trying to raise more funds by selling off all those asset that has less value and are depreciating in other to invest in Bitcoin that appreciate in value overtime, not that the money is already there and he doesn't want to invest now.
I believe that he has been accumulating Bitcoin for a while now, I really don't believe that he is a no coiner considering how long he has been in the system, so it would be more better you understand what he is trying to do or say before you react.

Quote from: Wind_FURY on Today at 05:48:40 AM

Ser, that's a very good example of how to get more fiat to buy the more valuable asset that appreciates in value.
I have an old car that I don't drive anymore, which has some sentimental value to me. It might be the right time to find a buyer during the current DIP! I also have my old computer, laptop, old skiing equipment, old snowboards that were given to me by my brothers before they left. Cool

Wind_FURY already said that his reason for selling the items is so that he can get more bitcoin. So it is retarded to wait if his goal is to get more bitcoin... but yeah, of course, Wind_FURY can do whatever he likes, even dumb things.

Quote from: ZeroVinsonN on Today at 09:25:20 AM

Quote from: JayJuanGee on Today at 02:53:04 AM

[edited out]

I agree that it's not very go to overly deplete a person's bitcoin investment unless it's absolutely necessary to do so, age being a major factor, they are people who might not see reason to accumulating more wealth than they already have, probably due to not having an heir or something in that regards, I have seen a situation where a wealthy business owner sold almost all of his asset only to donate it all to charity, saying he has no one to inherit them from him, so I believe this and other reason can make a person stop accumulating bitcoin.

Of course folks can have goals to spend most of their wealth while they are still alive rather than to pass it down, even if they have heirs they might plan to NOT pass much if any of their wealth down to heirs.

And, yes if a person is getting close to an age that he can see that he does not have much longer to live, he might become way more aggressive in regards to spending down the principle of his wealth rather than just living off of the value appreciation of the wealth. And, surely health issues can be another thing that can justify spending down the principle if treatment might be expensive and/or even if the guy might see that he is likely to have deteriorating health in the future, so it may well be better to spend his money while he is still able to somewhat enjoy it.

Quote from: Mehmet69 on Today at 10:59:51 AM

Quote from: ZeroVinsonN on Today at 09:25:20 AM

[edited out]

You are right. People usually save wealth for their next generation. If a person does not have a next generation, then who will he save money for? Because that person can spend his life doing something. But if he has some wealth from his past, then maybe he will give it to some charity.

We all know that Bitcoin is a digital asset that we can easily accumulate for ourselves. In my opinion, no one can create any other wealth so easily except Bitcoin. You will only need patience to create this wealth. So those who have a next generation should not miss this opportunity to start wealth.
Let's fulfill the goal of wealth creation at the same time.

Surely, many folks accumulate wealth because they want to be able to enjoy it during their lifetimes, yet they continue to preserve their wealth because they don't want to spend all of their wealth while they are still alive and then live in poverty at the end of their lives... so there tends to be a kind of balance to want to be able to spend from wealth without exhausting it.

Of course, if a person has heirs, then there could be some back up plan that involves that whatever wealth is left would be passed onto the heirs.

Even though some folks say that they are saving for their heirs, that seems a bit of a strange reason to save, yet of course, we still have to recognize/appreciate that people do engage in those kinds of behaviors to want to pass down their wealth, and whether heirs squander wealth or even end up being irresponsible with the wealth they receive might be something that tends to be difficult to control for. Surely some folks will set up trusts or even businesses that have preexisting mandates, and it may not always be true that mandates of trusts and/or businesses are honored once the person with the wealth dies.

Quote from: FortuneFollower on Today at 11:04:30 AM

Quote from: Mehmet69 on Today at 10:59:51 AM

You are right. People usually save wealth for their next generation. If a person does not have a next generation, then who will he save money for? Because that person can spend his life doing something. But if he has some wealth from his past, then maybe he will give it to some charity.

We all know that Bitcoin is a digital asset that we can easily accumulate for ourselves. In my opinion, no one can create any other wealth so easily except Bitcoin. You will only need patience to create this wealth. So those who have a next generation should not miss this opportunity to start wealth.

Let's fulfill the goal of wealth creation at the same time.

Firstly, people accumulate for themselves.
Afterward - maybe for someone else, but usually, there is no end to crave more.

There should be ways to figure out if we have enough or more than enough... instead of believing that all people are depraved.

It seems a bit of a presumption that everyone wants to have more no matter what. Sure, some folks act like that, but there are likely folks who figure out that they have enough, especially once they might be getting into the years that they are not necessarily wanting to continue to have to work.

One of the problems with fiat based systems is that fiat debases so much that any of us can make mistakes in regards to figuring out how much is enough. Bitcoin might not completely be easier, but there seems to be ways that a person can cash out (withdraw) from bitcoin in ways that the bitcoin is growing faster than the rate that it is being withdrawn.

Quote from: Tmoonz on Today at 01:45:50 PM

Quote from: Mehmet69 on Today at 10:59:51 AM

You are right. People usually save wealth for their next generation. If a person does not have a next generation, then who will he save money for? Because that person can spend his life doing something. But if he has some wealth from his past, then maybe he will give it to some charity.

We all know that Bitcoin is a digital asset that we can easily accumulate for ourselves. In my opinion, no one can create any other wealth so easily except Bitcoin. You will only need patience to create this wealth. So those who have a next generation should not miss this opportunity to start wealth.
Let's fulfill the goal of wealth creation at the same time.

There are still other investments opportunities not only Bitcoin though Bitcoin happens to be among the best if not the best but it doesn't happen so easily as you said, patient is not enough there must be consistency increasing the size of our holding up to a reasonable amount because the value of we will get depends on what we have and how long we have been holding.

If over the past 9 years, we have a hypothetical guy who is now in his mid-30s who had been earning between $25k and $35k per year, and this guy had been investing $100 per week into bitcoin during those past 9 years, then this guy might start to feel that he has enough bitcoin or even more than enough bitcoin, since he ended up investing $47k and he currently has about 12.2 BTC. The 200-WMA valuation of 12.2 BTC is $552k and the spot price valuation is about $1 million.

The guy is pretty easily in a position that he can start to live off of his bitcoin at a rate that is anywhere between $35k and $55k per year, and he could choose to discontinue working now, or perhaps he could choose to continue to build his BTC stash to a bit of a higher amount so that he could start to withdraw at a higher rate, yet he is already in a place to begin to sustainably withdraw from his BTC, it is just a matter of whether he wants to sustain his current lifestyle or to upgrade to higher income status (and if so, how much).