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You cannot say when the right season will be ready, that is why it is important for you to buy Bitcoin regularly, because if you invest in Bitcoin regularly on a weekly basis, you will definitely be able to make a suitable investment because you will be able to buy deep constantly. If you can invest in Bitcoin regularly, then you will definitely be able to do your market research and buy at any moment because when you calculate the average, your purchase price will definitely decrease.
The DCA method is economical because the more you buy, the more your purchase price will decrease because you will be buying dip constantly. And through this DCA method, you will be able to hold Bitcoin for a long time.
The point is DCA does not bring you cheaper prices, even though it may well be able to allow you to invest into bitcoin in a way that would be the best that you are able to do since many people are not ready, willing or able to lump sum invest into bitcoin, so the better way for them to accommodate their BTC buys to their finances and/or psychology is to DCA buy into bitcoin.
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Yeah, but isn't the DCA strategy allowing guys to tailor their BTC accumulation to their own cashflow situation... so even though we are getting BTC in the process and maybe we are keeping track of how much money we put into BTC and how many BTC we have and how that is valuated, our main advantage in DCA buying seems to revolve around our abilities to tailor our weekly (or whatever other period of buys) to our own cashflows... so even though monitoring our BTC costs and quantities and likely seeing it grow, we might not really get into any position to change our level of BTC accumulation and/or aggressiveness in regards to our bitcoin until after a whole cycle or maybe even two cycles. Sure, even after one whole cycle, if a guy had been accumulating bitcoin by investing 15% or more of his income into bitcoin, he may well start to see that he is getting towards having 60% or more of his income invested into bitcoin, and there could some assessment regarding the extent to which the bitcoin price might have changed during that time, too... and surely also any guy who is able to front load his bitcoin investment and even get a whole year's income or more into bitcoin within the first whole cycle, then he also might find himself at a higher level of accumulation in which he is also considering the size of his BTC stash and how that might relate to any additional bitcoin buys that he might make into the future and whether he might consider either moving away from DCA and/or changing the level of his aggressiveness in terms of his bitcoin buys.
Sure, the DCA strategy allows investors to actually align their Bitcoin accumulation with their cash flow, which actually provides the investor with a more disciplined approach to invest. When investors prioritizes investing a fixed amount at specific/regular intervals, it gives them more flexibility, helps them avoid timing risks and of course reduce the impact of temporary market volatility and fluctuations.
You're also very correct about the main advantage of the DCA strategy lying in its ability to accommodate an investor's cash flow situation. They're reserved with the right to actually tailor their purchases to their current financial capacity, and this is why it is mostly considered a sustainable long term strategy.
Yes, while it's crucial to monitor Bitcoin costs and quantities, it is also important to note that the decision to decision to adjust accumulation levels or aggressiveness may only arise after a market cycle has been completed or maybe even longer.
The portion of income a guy decides to invest in Bitcoin can become quite significant over time, particularly if the percentage invested by the individual is quite substantial. And the more Bitcoin price fluctuates, that's the more investors may need to reassess their strategies, which of course they may need to first consider the size of their Bitcoin holdings and also the potential subsequent purchases.
Investors who choose to front load their investments might reach a position where it becomes crucial for them to re-evaluate their approach, use that opportunity to readjust their aggressiveness or possibly attempt considering other strategies too. I believe the main takeaway point here is that, the DCA strategy offer investors a sort of a flexible framework to accumulate Bitcoin while also effectively managing other areas of their finances.
I think that we are saying very similar things, yet you seem to be saying some of it differently from me.
I think that we monitor our cost per BTC and our overall profits and how many bitcoin we have on an ongoing basis, yet those kinds of measures are likely not necessary to motivate us in the beginning of our bitcoin accumulation journey in terms of our ongoing buying behaviors in which we are trying to make sure that our cashflows are in such a state that we are able to invest into bitcoin as aggressively as our cashflow management allows us to do....
Sure the longer that we are accumulating bitcoin then the size of our overall BTC stash may well influence the extent to which we might modify our approach.. yet i still doubt that the BTC price is motivating us as much as the size of our BTC stash, yet sure it can be a combination of both, so it can be difficult to really say what everyone is doing or should be doing, even though we likely realize that in the very beginning, each of us likely should be buying at any price perhaps for a whole cycle and maybe even up to two whole cycles of having that kind of mostly price insensitive focus.
Yet, at the same time, there is frequently going to be some kind of motivation to be able to buy more BTC (sats) with the same quantity of dollars, whether the buys are weekly or some other reasonable time interval.
It still seems to me that a more strict DCA approach will end up allowing us to tailor our quantity of BTC buys to our cashflows and not to the BTC price, and sure after several years, perhaps a cycle or two of ongoing accumulation of bitcoin, then our BTC holdings end up being in profits largely based on the inclination of the BTC price to go up and down, yet overall the BTC price is generally tending to go up (or at least the odds of up continue to be in its favor based on the decentralized digital scarcity of bitcoin's design and implementation).
Going $103,700 lower from the ATH of $112K is not a much fall but just a fair correction which has given an advantage to buy at a little DIP price considering the ATH it got. I even want the price to fall below $100k so that i can buy more DIPs before the price begins to skyrocket again because even as the price is falling, market indications still give promising signs of a possible retracement back to $112k ATH and above. Buying few more sats before the price rebounds isn't gonna be a bad move.
As far as Bitcoin is still within $100k even though it decline further to $90k, we are still on point, for me, I understand what is mean by price retracing it can happen anytime if you truly understand how Bitcoin price works, I think I should be much bothered about how much I have accumulated than giving worries to something I can't control, at this time all bitcoiners including newbies should increase there DCA level if they can, from the start may of us undertand the effect of volatility and his sister price fluctuation so why would be we even entertain fair or panick when we already know that changes can occur in a twinkle of eye, those that are complaining about the market presently aren't being sincere if they are for us or against us I said this because a long-term investor can never be worried about the decline in price of Bitcoin, he'll even see it as an opportunity to keep getting the needful done, let's get so busy with our accumulation instead of making it look as if we haven't experienced the current events before.
I doubt that it is fruitful to be considering increasing bitcoin accumulation aggressiveness based on price drops such as the one in the past week and a half, yet rather increasing bitcoin accumulation aggressiveness based on time and perhaps some level of presumption that 4-10 years or longer into the future, we will be thanking our earlier selves to the extent that we were aggressive in our bitcoin accumulation (rather than whimpy) in our earlier times into bitcoin... so even though it may well be the case that we make more money in the future (in the event that we might be increasing our income with the passage of time), there still would likely have had been some value in structuring our bitcoin buys aggressively as we can even if our income might not be as high as we expect it to be in the future.. which also could include a kind of front-loading mindset.
Sure, there can be some possible disadvantages to a front-loading mindset, especially if the BTC price drops, yet if our bitcoin investing timeline is greater, such as 4-10 years or longer, then we may well end up being more rewarded by having an aggressive bitcoin approach rather than having a waiting mindset that might end up gravitating towards bitcoin price dips that might not end up happening.
None of these need to be considered as "all or nothing" mindsets, since surely many of us realize that we are likely able to have 1) regular BTC buys, such as every week (we can even attempt to strategize to buy dips with those regular weekly buys) and 2) we can save some portion of our weekly discretionary income for buying dips (hopefully the percentage is not too high for buying dips rather than regular DCAs, especially in the beginning of our bitcoin accumulation journey).
Well, what else can we do? If we saw our coin plunge we should take the opportunity to accumulate and then just HODL it, if it surges then sell. No one will set at a low price though so what's our choice?
The coins I think better on these buy and HODL strategies are the less volatile one like Bitcoin and Ethereum but if it is an altcoin mostly, you won't be needing to HODL I guess, the fact that most of the altcoins are highly volatile.
It's all about buying low and selling high, that is what investing in Crypto market is, you must follow the market prepare funds when there is a dip and set up a plan on what price you are going to sell it, sometimes it takes a lot of time or a long wait before you can sell, but it's worth it as long as the coin you are holding is good you just have to be patient and wait for the right time to sell.
This is what makes the market so reliable to traders and investors of long term. And with this studying the market to know when it's profitable to buy and sell is something else to always reckon to.
Am seriously disappointed in what you are saying here, this thread is mainly meant for Bitcoin investors, and those that are seeking knowledge on how to invest in Bitcoin, not buying or selling of any higher quantities of shitty alt and meme coin.
You have been in the forum since 2017, but you have still not learn or understand that investing in alt or meme wether it's a dip or not is a terrible idea, because due to it shitty nature, it might never recover again once it fell, because they fell more than they rise, so take this trading mindset or shitty idea on how to buy alt or meme coin out of this thread, because Bitcoin is the only worthy asset to invest in, not all this nonsense you are talking about.
You may be correct Futurexxx that harapan seems distracted by both trading and even potentially shitcoins, even though surely there could be some value if we have BTC dips and we consider that we keep buying BTC because our BTC holdings are largely in the negative, yet with bitcoin if we are making all time highs in recent times, then it becomes way less likely that our coins dip into the negative without some kind of a substantial dip.. such as 10-30% or greater.
So sometimes in some sense, it can be easier psychologically to buy BTC when the price is dipping as compared with buying when the price is going up.. which likely brings us back to a need to just keep buying and not to look at the price... at least in the beginning whole cycle or maybe longer.
Another thing that I frequently like to suggest is that our psychology can likely improve with our placing better and better finances (cashflow management and back up funds) in place, so if we are already aware that we should be buying bitcoin no matter what for a whole cycle or more, then we have also put ourselves into a financial position where we are able to carry out such measures of ongoing buying, then our psychology should not be affected by dips in the BTC price except seeing that our buys during such dip periods are getting us more sats for the same amount of dollars.