Quote from: Popkon6 on May 01, 2025, 01:02:35 PM

Quote from: Sim_card on April 30, 2025, 06:20:44 PM

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If a Bitcoin holder wants to invest in the long term, he can certainly do so with a small amount of money, because he has to determine his investment amount depending on his income. But I would like to add something else where if an investor can invest $ 10, if he spends extra money such as sitting in the park, smoking, sitting in the park with his girlfriend, and all the unnecessary expenses or bad habits that cost $ 20, he can add the $ 20 equivalent to the amount saved from here to investing in Bitcoin.
Therefore, if he can invest $ 10 + $ 20, that is, $ 30, weekly, then at the end of the year, he will definitely accumulate $ 360. And if he is able to continue investing in Bitcoin in this way after ten years, he will accumulate $ 3600 in Bitcoin, so long-term investment is the only way to achieve success according to the DCA method.

Investing $30 per week would be $1,560 per year, and so that would end up being $15,600 after 10 years... nearly 5x higher than what you are describing... by the way, $10 per week is $520 per year. So, yes, the input amounts add up, and there are also possibilities for bitcoin appreciation over the next 10 years, yet surely it is difficult to estimate how much bitcoin might appreciate in the next 10 years, yet at the same time, guys will sometimes project into the future a possible base case scenario and then maybe possible better case and worse case scenarios -

- just to get some kinds of ideas where he might be at various points in the process of accumulating bitcoin and building his bitcoin stack and hopefully helping to give him more options in the future, yet none of the scenarios are guaranteed.. just considerations regarding where bitcoin might go, including that if guys are not confident about their own abilities to speculate, they can continue to research further into various aspects of bitcoin while continuing to buy it on a weekly basis, and surely sometimes the extra research will cause a person to become more (or perhaps less?) bullish in regard to their bitcoin investment plans and practices.

Quote from: ejikeme24 on May 01, 2025, 02:19:32 PM

Quote from: JayJuanGee on May 01, 2025, 01:56:32 AM

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I totally agree with you on the fact that letting people know about bitcoin especially those that happens to be our love ones is a little bit of an obligation which is true, because if one choose to keep it as a secret maybe when you started making profit from your bitcoin investment they will definitely get mad at you for not letting them know about it from the onset, so in other to avoid this happening the best idea is just to let them know about it, without considering if that will be a waste of time or not, then if they fail to take advantage of it maybe when you're making profit from your investment at this point no one is going to query you because they were informed about it and they refused to take advantage of it, let it be that you have play your role.

Any of us should also figure out ways to talk about bitcoin without necessarily giving away too many of our own financial details, even though surely there is likely a need to have some kind of a story to tell friend's relatives about your own bitcoin history and/or why you are interested in it.. but at the same time, there could be times that you might regret giving too many details that might not be necessary in order to talk with friends/relatives about bitcoin.

Quote from: Moreno233 on May 01, 2025, 11:41:17 PM

Quote from: Zackz5000 on May 01, 2025, 11:10:39 PM

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Buying the dip is not a bad way of investing in Bitcoin and definitely not the way you guys put it like the investor will have to sit idly and wait for the dip. No one sits idly and wait for something you don't have control over so buying the dip does not imply this by any sense. You can plan for dips while still making purchase of your bitcoin through other methods like the DCA method. For instance, if an investor have $10,000 to invest in bitcoin over six months interval, such person can decide to keep $1,000 to buy when price drops below a threshold he would have set and then spread the remaining $9,000 over six months DCA purchase. This is not a bad approach but something that can give good result. If after the six months, there is no significant drop in price, he will only have $1,000 yet to be invested which he can even buy lump sum, as the other money have already been invested into bitcoin. If he succeeds in seeing significant drop in price, then he will be getting more Bitcoin through buying the dip for the $1,000 budgeted for it, than he would have had if he invested entire funds via the DCA method.

Your description of the options come off as a bit naive, and maybe even retarded.

If someone has absolutely no bitcoin, then why the fuck would he want to dedicate 9/10ths of his budget to buying dips that may well not happen.

yeah, we can look after the fact and find some situations in which buying the dip would have outperformed DCA, but I doubt that it is easy to predict from our current price that waiting would be a good strategy, which gets us back to how DCA likely will play out much better than a waiting strategy.

Even if we take your forum registration date of August 2021, sure maybe there would have had been some advantage to waiting, but there is also the fact that a person might have $10k that he can invest right away, but supposedly he also has an income, so if he is just getting started, he might consider the $10k that he has available and he might also consider the amount of income he would have coming available each week for the next 6 to 12 months, and if that happens to be $100 per week, then he should be calculating that amount into whatever formula that he might want to apply to the extra $10k that he has available.. and when he is considering the extent to which he would buy right away and/or considering the extent to which he might defer by time (DCA) and/or by price (buying on dips that might not happen).