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Scraped on 16/04/2025, 16:41:01 UTC
[edited out]
During 2019, I purchased Bitcoin with most of my savings and I thought I already had enough. But when you log in to a forum everyday that only talks about Bitcoin, you are sort of making yourself accumulate MORE. 
That's what I did during 2022 and 2023.
Next accumulation, perhaps 2026?
...........................It's a matter for personal preference. I like to buy DIPs during a bear market when the price is near, is touching, or under the 200 Simple Moving Average of the weekly chart. But newbies can DCA if they personally believe it's right for them.
But for the sake of helping me answer that question, let's pretend my life savings during 2019 was $22,500 and I used $20,000 to purchase Bitcoin, obtaining them with an average price of about $5000.
What would be my average purchasing price if I started a weekly DCA from April to December of that year?
🤔
You should be able to make fair calculations. Since your savings in 2019 was likely different from your savings in 2016, and you also had cashflow too.
So any potentially aggressive DCA strategy woudl have had taken those matters into account.
It seems that you are saying that you purposefully hesitated to buy bitcoin between mid-2016 and 2019, so accordingly you were saving in cash during that time in order to wait for a better opportunity to get into bitcoin, and surely the opportunity to get into bitcoin was better in mid-2016 than it was in 2019 - even though there was a dip in BTC prices in 2018.
You can look at your own cashflow situation between 2016 and 2019 and figure out what you might have had been able to do if you had gotten started earlier and been more aggressive during those times rather than deploying a waiting strategy.
Sure, we can never know for sure, even though many of us ongoingly suggest that it is better to get started and to figure out how you are going to employ your BTC buying approach, and waiting does not tend to be a good approach, even if you might end up choosing to spread your introduction into bitcoin over time rather than lump sum going into bitcoin with everything that you have in the beginning.
Surely if you had a lump sum of $15k in mid 2016, then you could have bought right around 25 BTC at that time (averaging around $600 per BTC)
If you had $25k in mid-2019, you could have bought around 5 BTC at that time (averaging around $5k per BTC, as you mentioned).
Now we don't have to have all or nothing answers in order to still be able to appreciate the value of getting started early, even if you might have some combination of DCA, lump sum and buying on dips with your savings and also with any additional cashflow that you would have had been getting.
We also cannot turn back the clock, even though we can measure and compare different approaches and attempt to be honest with ourselves about the approaches and the unknown nature of being in any particular position at any particular time. We don't have the advantages of hindsight until after the time had already passed.
If I started during 2016, you're right. But I was a "trader" losing some money during that time before I decided to invest only in Bitcoin. If I started to Dollar Cost Average during 2019, it's obvious that I would have less units in Bitcoin.
Quote
I was merely lucky to have decided during the right time if we consider my situation. I lost some of my savings during my days of "trading" shitcoins before 2019.
Call it again, shit-coin, hahaha. I don't know how people cope with it. Like you, I learnt my lesson, they can give such a good profit but will collect it back very fast and make your life miserable. Some will start making the life miserable from the very minute, nothing like Bitcoin, not even the disappointing Ethereum. It is Bitcoin or nothing.Original archived Re: Buy the DIP, and HODL!
Scraped on 09/04/2025, 16:40:57 UTC
[edited out]
During 2019, I purchased Bitcoin with most of my savings and I thought I already had enough. But when you log in to a forum everyday that only talks about Bitcoin, you are sort of making yourself accumulate MORE. That's what I did during 2022 and 2023.
Next accumulation, perhaps 2026?
...........................It's a matter for personal preference. I like to buy DIPs during a bear market when the price is near, is touching, or under the 200 Simple Moving Average of the weekly chart. But newbies can DCA if they personally believe it's right for them.
But for the sake of helping me answer that question, let's pretend my life savings during 2019 was $22,500 and I used $20,000 to purchase Bitcoin, obtaining them with an average price of about $5000.
What would be my average purchasing price if I started a weekly DCA from April to December of that year?
🤔
You should be able to make fair calculations. Since your savings in 2019 was likely different from your savings in 2016, and you also had cashflow too.
So any potentially aggressive DCA strategy woudl have had taken those matters into account.
It seems that you are saying that you purposefully hesitated to buy bitcoin between mid-2016 and 2019, so accordingly you were saving in cash during that time in order to wait for a better opportunity to get into bitcoin, and surely the opportunity to get into bitcoin was better in mid-2016 than it was in 2019 - even though there was a dip in BTC prices in 2018.
You can look at your own cashflow situation between 2016 and 2019 and figure out what you might have had been able to do if you had gotten started earlier and been more aggressive during those times rather than deploying a waiting strategy.
Sure, we can never know for sure, even though many of us ongoingly suggest that it is better to get started and to figure out how you are going to employ your BTC buying approach, and waiting does not tend to be a good approach, even if you might end up choosing to spread your introduction into bitcoin over time rather than lump sum going into bitcoin with everything that you have in the beginning.
Surely if you had a lump sum of $15k in mid 2016, then you could have bought right around 25 BTC at that time (averaging around $600 per BTC)
If you had $25k in mid-2019, you could have bought around 5 BTC at that time (averaging around $5k per BTC, as you mentioned).
Now we don't have to have all or nothing answers in order to still be able to appreciate the value of getting started early, even if you might have some combination of DCA, lump sum and buying on dips with your savings and also with any additional cashflow that you would have had been getting.
We also cannot turn back the clock, even though we can measure and compare different approaches and attempt to be honest with ourselves about the approaches and the unknown nature of being in any particular position at any particular time. We don't have the advantages of hindsight until after the time had already passed.
If I started during 2016, you're right. But I was a "trader" losing some money during that time before I decided to invest only in Bitcoin. If I started to Dollar Cost Average during 2019, it's obvious that I would have less units in Bitcoin.
Quote
I was merely lucky to have decided during the right time if we consider my situation. I lost some of my savings during my days of "trading" shitcoins before 2019.
Call it again, shit-coin, hahaha. I don't know how people cope with it. Like you, I learnt my lesson, they can give such a good profit but will collect it back very fast and make your life miserable. Some will start making the life miserable from the very minute, nothing like Bitcoin, not even the disappointing Ethereum. It is Bitcoin or nothing.