Quote from: dimonstration on April 14, 2025, 10:31:20 AM

Quote from: JayJuanGee on April 13, 2025, 05:27:29 PM

Quote from: dimonstration on April 13, 2025, 03:32:18 PM

Quote from: JayJuanGee on April 13, 2025, 02:57:14 PM

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Ongoing buying whether on the dip or not seems to be a good practice, yet there are quite a few guys who get to a certain quantity of bitcoin and they wrongly start to conclude that they have a enough or more than enough bitcoin.. and surely none of us can decide these kinds of balances for another member. In other words, each of us is responsible for our own bitcoin holdings including making sure that we have enough and/or more than enough.

Once we reach a status of enough and/or more than enough, then more options will tend to open for us.

Exactly, We have different target and preference on how much we want to hold but for user like me that using Bitcoin as my future investment I have no define target amount since I preferred continuously growing my Bitcoin stash by sending them on my hardware wallet and rarely check it to avoid being tempted to sell.

I don’t know anymore my average buy but I do know that I’m in huge profit ever since I start stacking Bitcoin few years ago after the Covid-19.

I will agree that in the earliest of stages of one's investment journey, it may well be difficult to figure out any exact kinds of goals, because creating too many specifics in the goals may well play out as a kind of overkill - since there may be so many variables that cause it to be quite difficult to get into specifics, and so with the passage of time and the more bitcoin that is accumulated, then perhaps at some point, one or two cycles into the process of bitcoin accumulation, you might be able to get some better ideas about where you might be going in terms of your further accumulation base on your progress in accumulating BTC up to that point.

It could take a lot of guys more than 10 years to merely start to feel that they had been accumulating bitcoin through ongoing buying and then perhaps be able to figure out their specific accumulation targets.. .and perhaps in their earliest days their only target might be to accumulate as much bitcoin as they are able to accumulate without really knowing for sure what their target is going to be.

Quote from: dimonstration on April 14, 2025, 10:31:20 AM

Aside from buying and holding, What is your other source of Bitcoin? Do you involve in mining?

Most of my accumulation of bitcoin came from either earning dollars or from reallocating dollar-based investments into bitcoin. I had been building up my various investments for more than 20 years before I started to accumulate bitcoin in late 2013, so surely there are advantages that guys have when they had already been investing in other assets, yet there are disadvantages in regards to being older.. so even if some young folks might not have had been able to accumulate a lot of bitcoin due to their youth in the earlier bitcoin years, they still have the fortune of being younger and being able to build their bitcoin, so by the time that maybe they have been investing into bitcoin for 10 or even 20 years, they may well have had built wealth in much more solid ways that some of us who had been investing when we were in our 20s and 30s.

So my average annual return rate prior to getting into bitcoin was in the ballpark of 6% per year, and so it seems quite likey that bitcoin investments are going to perform better than my earlier performance rate.

For the most part, I did not do mining or even earn money in bitcoin, even though surely there could be opportunities in those kinds of areas to earn bitcoin, yet I doubt that it is necessary to earn bitcoin in order to invest in bitcoin, since the main idea with any investment is that any amount that any of us saves or invests, it should come from our discretionary income, so even if we are earning money in bitcoin, we still have our living expenses that we have to pay for, so if our only source of income is bitcoin then we have to spend our bitcoin, yet of course, if we have an income that is both bitcoin and dollars (or fiat), then we might be able to save our bitcoin, yet we can ONLY save our bitcoin in the event that our dollars are enough to cover all of our expenses, so the amount that we save in bitcoin needs to be more than the amount that we need for our expenses.

Quote from: Taskford on April 14, 2025, 12:36:20 PM

Quote from: Agbamoni on April 14, 2025, 11:47:29 AM

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Its bad generalization for that matters since who doesn't like to get profit? Investor aims to get that but the difference is traders usually end up dumping their Bitcoin early, but long term holders usually sell later on and they are just happy to see that the market is pumping. Bitcoin is really intended or good for long term and unfortunately that there are still people caught up with the hype about short term richest that's why they fall on trap and earn bad faith for deciding to sell their Bitcoins.

No investors would not think about profit since what's the point of being here if we didn't aim that right? Its just common for long term holder to have long patience and they didn't think everything easy since most of experience holders know that there are better future and what we called good time to take their profit especially if they hit their target long term time line which usually last 5 - 10 years.

Sometimes it can be difficult to figure out the extent to which traders differ from investors, since many times traders may think that they are being a smarter kind of investor and they are selling most, if not all of their bitcoin with an intention to buy back cheaper.. so they might believe that they are able to do better than an investor who merely just holds his bitcoin, yet many times the trader will find out that he had ended up selling way too many bitcoin too soon, and he does not end up being able to buy cheaper, he spends a lot of time waiting to buy rather than actually buying.

The investor may well just continue to buy, and sure the investor might get worried about the price and sometimes try to buy bitcoin at lower prices rather than higher prices, yet there can also be many times that the investor wants to sell, but then he realizes and may well be reminded that it is best for him to either keep buying, or if he ran out of money to hold.. and maybe if he is nervous he stops buying and just lets his cash build up for a while (which is a form of holding), and then figures out some plan to continue buying, whether there is any additional dip in the BTC price or not.

There can be quite a bit of variety in the kinds of traders and the kinds of investors, yet we still might recognize that the investor at least tries to restrain himself from selling his bitcoin and either errors on the side of continuing to buy or just holding, and still he might make mistakes when he stops buying, yet he can still tend to be distinguished from the trader based on his either complete refusal to sell, or his ONLY selling in small quantities from time to time to potentially help him manage his cash flows and/or perhaps to attempt to help him with some of his psychology.

Quote from: Joy- maker on April 14, 2025, 04:09:53 PM

Quote from: Derekfunds on April 13, 2025, 10:36:48 PM

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Quote from: JayJuanGee on April 13, 2025, 02:57:14 PM

Of course anyone investing regularly into bitcoin, such as weekly, he will likely ongoingly see his bitcoin holdings to be increasing on a weekly basis, whether it is going up or down in terms of its dollar (or fiat) value.

so in some sense the bitcoin account amounts can be considered as a kind of savings that may or may not end up going up in dollar value with the passage of time... and surely we hope that 4-10 years or longer our bitcoin account will be in profits, even if we also realize that i tis not guaranteed to be in profits, but it still may well have a lot of value, whether it is in profits or not.

I know every investor is always happy whenever they see there investment going smoothly and sometimes it makes an investor go extra miles ( though within there capacity) because they believe there is going to be more but whenever an investor sees his or her investment not going as planned they will began to have some thoughts but since we are investing for long term we should not be dismay or discourage whenever there is Dip because the ups and the downs is the beauty of Bitcoin and is a fact we should accept and know it and anyone who hold from 4-10 years will definitely benefit huge from it depending how well they invested .

what JJG is saying is that anyone who is investing in bitcoin regularly such as weekly and not monthly he or she will be ongoingly see his or her bitcoin holdings to be increasing on a weekly basis, wether it is going up or down in terms of it's dollar or fiat value, that's to tell you that if you patronise the weekly DCA your bitcoin holding will increase more than the monthly DCA.

And for second paragraph of JJG what his saying there in summary is that 4 to 10 years or longer that our bitcoin holding will be in profits, that even if we also realized our bitcoin holding is not guaranteed to be in profits that it still may have a lot of value wether if it's in profits or not.

Hoping that our bitcoin holdings will be in profits 4-10 years or longer is not the same as our bitcoin holdings being in actual profits. We do our best in terms of our investment practices, and we hope that our bitcoin investment ends up in profits.

Quote from: Pi-network314159 on April 14, 2025, 06:32:35 PM

Quote from: Joy- maker on April 14, 2025, 04:09:53 PM

[edited out]

If you are not careful interpreting what JJG meant, you may end up confusing yourself. What he meant may not actually be what you said. According to your explanation that JJG is saying that who is investing in bitcoin regularly such as weekly and not monthly he or she will be ongoingly see his or her bitcoin holdings to be increasing on a weekly basis, wether it is going up or down in terms of it's dollar or fiat value.. for me I think what he just mean is that a person investing weekly or monthly without a long term focus may be thinking that his Bitcoin investment is increasing but perhaps it may not be increasing perhaps he should be more focused on a long term investment of 5-10 year and above. thinking about the amount of Bitcoin he would have acculated by that time should be more focused on, instead of thinking about the little increase and decrease in Bitcoin price in dollar or fiat. Just that he didn't complete the statement that's why you didn't understand what he said.

If we keep buying bitcoin every week, then our quantity of bitcoin and/or our quantity of satoshis will keep increasing.

After accumulating bitcoin 4-10 years or longer, we should have a pretty good stash of satoshis.

Historically the bitcoin price has tended to be quite a bit higher than the 200-WMA,yet if we are buying bitcoin consistently, it is quite likely that our average cost per bitcoin would be right around the same as the 200-WMA after accumulating bitcoin for 4 years, and sure, the longer that we continue to accumulate bitcoin, our average cost per bitcoin will continue to be lower and lower than the 200-WMA.. since the 200-WMA will likely go up faster than our cost per BTC as long as we are mostly focused on ongoing accumulation of BTC... and so yeah, surely, we hope that all of this ends up paying off and we are in a stronger and stronger position in regards to our bitcoin.

It may also be the case that at some point we have enough BTC or more than enough BTC, so that the 200-WMA continues to go up, yet our cost per BTC stays the same.

I would also imagine that at some point, we will calculate our abilities to start to cash out bitcoin (withdraw from our bitcoin stash), which may well be price based cashing out or time based cashing out.

We cannot be guaranteed that the future will be as good as the past or even that we will end up in profits, even though surely it seems that bitcoin remains amongst the best of investments that is currently available to everyone and/or anyone in all parts of the world... perhaps even the best investment currently available to everyone and/or anyone..

By the way, I understand that these responses are a bit abstract, yet it seems to me that I had largely addressed the various outstanding issues, and surely guys should be attempting to measure their bitcoin accumulation targets at various points along the way, and sometimes they might change their targets based on their progress, yet if they are setting up good bitcoin accumulation practices and good cashflow management practices that involve maintaining back up funds such as emergency funds and reserve funds, then they are likely able to put themselves to invest aggressively into bitcoin with the amount of discretionary income that they have... and hopefully they would be making progress through the years and gaining in their bitcoin, and able to reassess where they are at from time to time and to figure out the extent to whihc they might want to tweak their bitcoin accumulation practices... ..