Quote from: Platinumys on April 24, 2025, 10:14:25 AM

Quote from: Bluebird1357 on April 23, 2025, 04:47:28 PM

Good news for those who were little bit worried about the drop in the price of Bitcoin - today the price of Bitcoin has increased by about 5.8% and the current price is $93614.00, which is a 7.1% increase compared to the last seven days. Those who have idle money or have some extra money left after paying all the expenses for living or have any source of income from which you regularly get some extra money that you can invest in Bitcoin in the DCA (Dollar Cost Averaging) strategy, whenever you want, you can buy Bitcoin - this way your investment will gradually build up. Which will be a big investment in the future.

There is nothing to be excited about such changes in the market because such events are always happening in the market where it is seen that the market is around $80,000 for some days and then above $90,000 for some days. This is why investors invest in Bitcoin. The market may have gone up a bit now, but investors should not think that the market can go down again from here. Where the market is currently, there is a good chance that the market will go up from here. I expect the market to touch $100,000 at this stage and stabilize there, only then will the market be more positive in the future.

It tends to be a good practice to attempt to prepare financially and psychologically for BTC price moves in either direction. Of course, many of us bitcoiners realize that an overwhelming majority of the world's population is not sufficiently prepared for UP, and each of us has to continue to decide how much we want to be prepared for UP, and we ONLY have so much in our personal budgets that we are able to invest into bitcoin on a weekly basis in order to continue to build our bitcoin holdings and to make sure that we feel that we have done as much as we can to prepare for UP, even though the overwhelming majority of the world's population is not sufficiently and/or adequately prepared for UP.

Quote from: knowngunman on April 24, 2025, 10:33:24 AM

Quote from: Tungbulu on April 24, 2025, 06:32:37 AM

Being aggressive with one’s investments can also be a good thing and may also have its benefits if it’s done wisely and moderately. The most important thing is to look and identify the best way to strike a balance between being aggressive and being overly aggressive.

One should also prioritize having a very solid cash flow management plan and some backup funds (emergency and reserve/float funds) in place, as this provides a safety net and also giving room for more aggressive investment strategies. This is simply all about identifying and knowing one’s financial situation/boundaries and knowing exactly how to manage the risks involved.

Take note: aggressively, wisely and moderately can never be in the same category.

I don't see any of them as opposites, which means that they could be used in the same category to describe something... I agree that moderate and aggressive have slightly different meanings, yet we seem to be nit-picking if we are wanting to describe preferable levels of aggressiveness.

I personally like to just describe aggressive and/or whimpy as extremes on a spectrum, yet each person has to figure out how far on the spectrum that he would prefer to be in terms of how aggressive he will be and/or how whimpy he will be. Being whimpy and being aggressive seem to be opposites.. but being moderate seems to be somewhere between whimpy and aggressive even though a person might describe their own behaviors as both moderate and aggressive if he might be trying to contrast his behaviors with being overly aggressive.

Quote from: knowngunman on April 24, 2025, 10:33:24 AM

When you choose to invest aggressively, you have chosen to take the highest risk and there is nothing wise being the highest risk taker.

If we describe aggressiveness in terms of various percentages of using his discretionary income, then we can describe aggressive in a relative way, and we do not necessarily need to presume that being aggressive is taking high risks, especially if we might suggest that a person is in a better position to be aggressive when he has strong cashflow management systems that includes maintaining back up funds, so if he ends up making mistakes in regards to the level of his aggressiveness and maybe he miscalculates his discretionary income, so then maybe he is able to make up for his mistake based on his having back up funds that he is able to use in the case that he makes such mistakes.

Sure if the guy is not really keeping track and maybe he invests into bitcoin without first figuring out the level of his expenses for the month, then maybe in those cases he ends up spending beyond his discretionary income and that would be reckless and imposing unnecessary risk, and I doubt that being aggressive necessarily needs to result in risk taking for someone who is keeping track, and for example, I frequently suggest that guys should try to be as aggressive as they are able to be without overdoing it, yet guys still have to figure out their level of aggressiveness within such an approach in order that they do not over do it, and if they overdo it, then no one is going to rescue them if they screw up and they have to live with the consequences in regards to how aggressive to be in order to not overdo it, and probably the newer that they are the more conservative they need to be while they are figuring out their boundaries in regards to how aggressive they are able to be and how strong is their various cashflow management sytems and practices... so in that regard, practice becomes more important than theory in terms of guys figuring out boundaries in regards to how aggressive that they are able to be without overdoing it..

Quote from: knowngunman on April 24, 2025, 10:33:24 AM

A moderate investor can not invest aggressively and vice versa. Moderate is to be neutral in between low and high risk but aggressive is to disregard any form of caution and embark on adventure in this space.

We may well be arguing semantics and your definitions are different, especially if you presume that being aggressive automatically includes the practice of risky behaviors.

Quote from: knowngunman on April 24, 2025, 10:33:24 AM

Of course, there's reward for every strategy as far as this crypto space is concerned.

Hopefully none of us are so retarded to believe that we can employ the same investment practices to shitcoins, and we are ONLY talking about bitcoin when we are talking about aggressively investing into it.... and yeah, I would agree that there is no such thing as investing into shitcoins whether aggressively or not ,and if we are talking about shitcoins, it becomes quite difficult to justify investing into them at all - except as a trade or a gamble, which is not the same as investing.

Quote from: knowngunman on April 24, 2025, 10:33:24 AM

While being aggressive with your investment is not ideal, it also comes with the highest reward if it works for you and likewise the risk if it backfired. The best financial decision is often the most boring one and the patient investor always win.

I will agree with you that in regards to bitcoin, it has been such a great asymmetric bet to the upside that folks did not necessarily need to invest a lot into it in order to profit stupendously, and even into the furture, it is quite likely that bitocin is going to continue to be a great (if not the best) asymmetric bet to the upside, so in that sense, you are correct, guyys do not necessarily need to engage in risky behaviors in order to make sure that they are employing solid investment strategies, whether they choose to be aggressive or perhaps to error more on the side of being moderate. those remain individual choices in regards to choosing the level of whimpiness, moderateness or aggressiveness in their investment, and I personally believe that guys can figure out ways tin invest aggressively into bitcoin without necesarily over doing it.

Quote from: Churchillvv on April 24, 2025, 07:05:11 PM

Quote from: JayJuanGee on April 21, 2025, 10:53:22 PM

You are living in a fantasy if you think that afterwards you can figure out that you should have had sold at $108k and bought back at $74k.. Sure, guys who had bought bitcoin earlier, have more options, and sure guys who bought earlier might not be concerned so much about accumulating more bitcoin.

Guys who think like they are going to be trading all of the various waves (or think that they can figure out when and where the waves are going to be) don't tend to have a lot of bitcoin, even if they had gotten into bitcoin in 2015, they were too busy fucking around trying to figure out when to buy BTC and when to sell BTC rather than focusing on ongoing, persistent, consistent, regular and perhaps even aggressive buying of BTC.

Additionally, guys do not realise that it's more difficult trying to figure out when to buy at a good price and sell at the top just to re-buy than just buying consistently. If one spend time looking for the best entry point it's more of a waste of time however the same time could be used to accumulate more.

I the cost of looking for a good entry price one is likely to even miss the opportunity to enter the market because bitcoin is volatile and predicting the way in which it will go is very much difficult hence the best opportunity or price to buy could be missed in the process of waiting for better entry price. when one can just buy at least if buying with some kind of amount like $100 could buy with $90 and use the $10 left for the dip, it's more understanding as one is buying already with the larger income while still waiting for the dips.

However buying first should be the taking into consideration rather than waiting.

Even if we go by your forum registration date Churchillvv of mid 2022, there were likely guys who were not sure about what to do in regards to their bitcoin purchases from mid-2022 all the way until late 2023, and those guys who hesitated buying bitcoin during that time likely ended up with way less bitcoin than what they could have had gotten if they had just gotten in and bought bitcoin at whatever market price was then relevant, and yeah, sure between mid 2022 and late 2023, we had bitcoin prices that varied between $15.5k and $35k, and so surely it would have had been better to buy bitcoin at the lower prices, yet it was not really known if the BTC price was going to go down or how far it was going to go down, so in the end, it was likely even better to be buying bitcoin at whatever prices were being offered rather than trying to figure out BTC's price direction, so even if during that period, guys ended up having average buy prices that were over $25k, those prices seem very great right now, and many guys would like to have been able to have bought bitcoin for average prices around $25k.

Now days, we get the sense that BTC prices are likely never going to return to those prices ever again, and it may well be possible that bitcoin will never return to sub $60k prices ever again, even though I have some hesitations to be overly confident in how low the BTC price might go, especially since the 200-WMA is generally considered as the bottom price, and historically the BTC price has not gone below it too often, even though between mid-2022 and late 2023 (around 16 months) the BTC price spent a lot of time near or below the 200-WMA, and at one point it had gotten down to 35% below the then 200-WMA.

Through bitcoin's history the 200-WMA has trended up, and right now the 200-WMA is nearly $46.2k.

Quote from: Futurexxx on April 24, 2025, 07:10:17 PM

Quote from: Sim_card on April 24, 2025, 06:14:56 PM

[edited out]

Am not a big fan of that statement when it comes to Bitcoin investment because in my own opinion, the right statement should be invest with an amount you can do away with for a very long time, or are you trying to say that ten years of Bitcoin investment going down the drain will not have any effect on you mentally?
Let's be realistic here, even though it's an amount you can do away with, if you can accumulate Bitcoin for like ten years upward, even as a low coiner, by that time it's a huge amount of money, so their is no way you will say that ten years of investment is an investment you will lose and you wouldn't lose sleep over it.

None of us is investing into bitcoin to lose money, yet our bitcoin investment is not guaranteed to go up or even to have value at various points in time into the future, so you should consider these matters as you invest into bitcoin and at various points if you might come to believe that you are overly exposed to bitcoin. You seem to have it in your head that your bitcoin investment is guaranteed.

Quote from: Futurexxx on April 24, 2025, 07:10:17 PM

Quote from: Sim_card on April 24, 2025, 06:14:56 PM

Trading, gambling and investing are all risky actions and that's why you shouldn't be carried away and over invest with money that you cannot afford to lose so that you don't feel the pain in regrets.

Gambling and trading has the same level of risk, so i don't think it's proper to compare it to Bitcoin investment that the risk is way below gambling and trading.

Of course gambling and trading are worse practices than investing, but they still likely employ similar concept to ONLY use the capital that you can afford to lose.

It should be possible to see that gambling and trading may have some simularities to investing, yet at the same time to be able to differentiate why we don't fuck around with trading (gambling) our bitcoin, and hopefully, we are not investing into shitcoins either, except maybe if we cannot control our tendencies to gamble then maybe we would limit our investment into shitcoins (and even trading) to be less than 10% of our bitcoin holdings.

I think that Sim_card adequately explained why many of us use the expression: "don't invest any more than you can afford to lose" when it comes to bitcoin investing, yet you want to quibble over it and to substitute some other expression so that you will feel better in your choice to invest more than you can afford to lose.. and your fantasy that you are guaranteed to profit in your bitcoin investment.

You can do you, but the expression "don't invest any more than you can afford to lose" is a good one and it is applicable to bitcoin investing, even if you don't like it and you want to fight what is trying to tell you (and any other investor into bitcoin).

Quote from: Tmoonz on April 24, 2025, 07:56:31 PM

Quote from: Zackz5000 on April 24, 2025, 07:22:06 PM

[edited out]

.... there is no risk about being aggressive within our own circumstances in such a way that it will suits us and promotes sustainability of our investment.

There is always some risk, especially if we are striving to be aggressive in our bitcoin investment, yet we should be able to figure out ways to manage our risks through various aspects of our cashflow management practices and the various kinds of back up funds that we might have had built and maintain, even within our chosen level of aggressiveness so that our practice of being aggressive does not end up falling into the category of being "overly aggressive," which it seems by definition if we had ended up falling into a category of overly aggressive as compared with our thought that we were merely being aggressive, then at that point maybe our risk has gotten excessive and we do not have ourselves backed up very well in whatever overly aggressive practices that we end up employing.

As you suggest, being aggressive does not necessarily mean that we are employing undue types of risk, yet it does not mean that we are going to be successful in completely removing all risk or calculating all circumstances, even if we might have had put systems into place to mitigate and perhaps to mitigate various kinds of risks, and even within the application of our chosen systems we can even balance out the extent to which we might choose to engage in less risky versus more risky practices even while we are striving to be aggressive in our bitcoin investment. These are not absolutes, but instead various trade-offs that we choose to make, and since we don't know the future, we hopefully are attempting to employ practices that help us to prepare ourselves in a variety of financial ways, and the psychological preparation likely follows from our having had put good financial practices into place.

Quote from: Tonimez on April 24, 2025, 11:39:00 PM

Quote from: JayJuanGee on April 24, 2025, 08:17:23 PM

[edited out]

The good thing about this extended downward period is that it allowed some of those investors from the past 3 years to truly experience what it means by the volatility of bitcoin. Sometimes people are over zealous until the see the two phases of the sledge hammer. This prolonged downward period is coming at the very right time after hitting a staggering ATH leaving people thinking about upwards movement alone. Bitcoin lesson is continuous. A person who got into an adventure that you feel it's all gain, this is the time to also restrict investment to only discretionary income which would help you not to worry about market bias

If had been investing in the last 3 years, then mostly the BTC price has been going up, but sure there has been a few periods of correction and/or seemingly flat periods (like consolidation periods), and so it would seem that if we have our heads down and we are continuing to accumulate bitcoin, then we may well be very happy with ourselves when we are coming into a period of having had gone through a whole bitcoin cycle, and it seems to me that the ones who had been continuously accumulating bitcoin for a whole cycle will be in a better position to figure out the extent to which they might need to modify their BTC accumulation practices.

Surely there are some folks who might ONLY have their weekly DCA that they are able to count as their building up of their bitcoin investment, yet there may be some others who came to bitcoin with capital and/or maybe they had gotten various bonus payments over the past cycle, so they may well would have been able to front load their bitcoin more than some other folks, and surely it seems to me that a certain comfort can come at a certain point in time that is not only based on the amount of BTC accumulated, but also the passage of time too.. and perhaps even the consideration of the extent to which any modifications might need to be made to the BTC accumulation practices based on how much BTC had already been accumulated..

Quote from: As-Soon-As on April 24, 2025, 11:44:44 PM

Quote from: Figerland Shamrock on April 24, 2025, 10:18:00 PM

[edited out]

You should not be aggressive in collecting Bitcoin, but you can do it according to the DCA method. Whenever you invest according to the DCA method, your investment will be balanced and you will be able to keep it for a long time by following the DCA method regularly. However, if you face a financial crisis even on a monthly basis, you can avoid your bad expenses, because you will eliminate your bad habits and add the money you save from there to your investment.
The more money you can add to Bitcoin investment, the more Bitcoin you will be able to accumulate at the end of the year, we will definitely be able to keep it for a long time by only collecting money and investing Bitcoin regularly.

You might not understand the concept of aggressiveness nor the concept of DCA, since within the DCA approach, any of us is able to choose our level of aggressiveness, and so if we have built strong cash flow management systems and practices, then it seems a bit overly proscriptive to be suggesting that guys are not able to be aggressive within their own systems.