~Snip
If you are doing DCA for long term then such small dips of 5k won't be a big concern. Lets say if you are accumulating for last 5 years starting from 2020 then your portfolio has Bitcoin bought at different prices starting from 10k to current price of 116k. If someone is new to bitcoin and has zero Bitcoin even then he can start accumulating right now keeping in view the previous behaviour of Bitcoin. The price of Bitcoin will continue to go up in next five years with dips also in the path, like the one we see from 2020 to 2025.
I'm sure many of the users posting here aren't accumulating bitcoin over time with purchasing them, but rather by accumulating them through signature campaign fees. Over time, their bitcoin will grow as the campaign progresses, another smart move made by most signature campaign participants. Only a few of them buy and accumulate them, while others don't.
I also believe that the price of bitcoin will increase with each cycle, especially leading up to and after the halving. Investors who accumulate bitcoin will certainly see returns, the more bitcoin the greater the potential future profits. If bitcoin is at $116k today, we could see its price reach $500k within the next four years.
Your anticipation that bitcoin prices could reach $500k in the next 4 years seems to support why guys likely need more aggressive bitcoin accumulation methods beyond their signature campaigns.
Guys used to brag about earning bitcoin for free, and I am sure that guys still feel that way, and I used to frequently suggest to earn as much income as you can and buy bitcoin with your extra money, which will help to accumulate way more than expecting ONLY to buy bitcoin through the signature campains.
Guys can do what they like, yet to me it seems that some guys missed a lot of great opportunities to accumulate way more bitcoin based on their aversions to buy bitcoin rather than earn it.
If he buys and saves Bitcoin in addition to the signature campaign, it indicates a more positive direction for him, because the more Bitcoin he deposits, the more future assurance he will provide. Bitcoin only guarantees that the price will be much higher in the future, I have seen the price of Bitcoin last year, today the price of Bitcoin is several times higher than it was.
There has been such a difference in just one year, so why would Bitcoin investors be reluctant to collect Bitcoin through the DCA method? Where the world's big companies and top companies have gained a good reputation all over the world through Bitcoin holding, we small investors should not be afraid, we will definitely hold Bitcoin with courage.
Bitcoin is not guaranteed to go up in the future, so any of our accumulation plans and/or practices should account for a variety of possibilities even if we consider that the odds are quite great that in the long term bitcoin prices will go up, especially 4-10 years or longer into the future, yet even with a long term timeline, the BTC prices are not guaranteed to go up.
Furthermore in the shorter time frames bitcoin can go up down sideways and/or all over the place, so the short-to-medium term is probably even less certain than the longer time line, but the mere fact that we have a long investment timeline that also does not make it guaranteed that bitcoin prices will go up.
We might assure ourselves that the most that we could lose in bitcoin (as long as we don't use leverage) is up to 100% of what we invest.
Your anticipation that bitcoin prices could reach $500k in the next 4 years seems to support why guys likely need more aggressive bitcoin accumulation methods beyond their signature campaigns.
Guys used to brag about earning bitcoin for free, and I am sure that guys still feel that way, and I used to frequently suggest to earn as much income as you can and buy bitcoin with your extra money, which will help to accumulate way more than expecting ONLY to buy bitcoin through the signature campains.
Guys can do what they like, yet to me it seems that some guys missed a lot of great opportunities to accumulate way more bitcoin based on their aversions to buy bitcoin rather than earn it.
With the way bitcoin is going, $500k in the next four years seems possible and I support your statement that people need to be over aggressive with their accumulation especially those like us that got better knowledge of it in about few years back, well those who are in the signature campaigns here have an advantage to DCA regularly especially if the person has other sources of income asides the signature campaign.
Hey Jay, was there a time when Bitcoin was airdroped to people freely?
Yes there have been some historical free airdrops in bitcoin, and probably the most profitable was bitcoin cash (bcash/bch) (in August 2017 which took several months for guys to cash out.. and surely even now their are guys who had not cashed out, but the Bcash is way lower in its percentage like less than 0.5%.. and there were some short periods that it was 20% to 40%. .and I think I might have sold quite a few of mine around an average of 12-15%.. but I spread out my sales for several months. .even though there were some surprise places (exchanges) where bcash only came available several months (like half a year or more) after the initial fork.. ..
There were a variety of other forks such as BSV (split off from Bcash) and/or bitcoin gold (bgold) and a few others, and even though some of that money might have had been free, the airdrops are not always worth the risks and the privacy issues, including that there are talks of some future free airdrops through Cardano that also give supposed free airdrops to bitcoiners that may well be a scam.. or maybe ONLY return less than 4% in their marketing.. and that might even be gracious to ponder what they promise 4% versus the various risks and/or problems of promoting their scam or getting locked into some cashing out timeline and ending up supporting their system and potential privacy issues...and perhaps in the end you don't even get 1% after jumping through many hoops.
If yes then they're very lucky cause it would've been way more cheaper back then, anyways since we're still in the early days of bitcoin I don't know if I'll be right to say those who buy at this current price, can still brag about how cheap they got it currently, in the future cause by then it could even worth more than $500k.
I think that we are still very early and bitcoin will be several million per coin, even though it could take more than 10 years... but at the same time there could be some shorter term upward price spurts too.. which justifies trying to accumulate early, including that BTC prices might not drop back down to earlier prices in which the coins were bought. We cannot know for sure.
Without any doubt Jay, more people would still miss out on the current opportunity of accumulating as much bitcoin as possible and their own excuse would be based on procrastination, they have the funds for accumulation intact but they're just too nonchalant about it.
There are a lot of folks who continue to be skeptical and scared of bitcoin, which will likely be their loss, and there might not be any real easy way to either convince them and/or to get them to take action to protect their own finances, psychology and likely improve their future options. Even people who we might try to help, they may start out buying bitcoin, but then screw it up and even put themselves into a worse position because they fail to adequately prepare themselves and to learn about bitcoin and/or to moderate their entrance into bitcoin.