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What I have noticed with new investors is that a lot of them do not actually have a problem with strategy, their real problem is discipline. You can tell someone to DCA, but if they don’t stick to whatever plan they chose, it will all falls apart…
That is why I think DCAing works so well, not because it is the perfect entry method, but because it forces you into a habit.. You do not need to think too much, you just buy on schedule… And once you build that habit, the side effect is you are less emotional about price moves.. Whether it goes up, down, or sideways, you are still adding more orders and accumulating.. In the long run, that mindset will pay off way more than trying to be the hero who always buys the bottom…
The buying the dip hero is an imaginary one that is fantasized in the heads of people who try to act like they are smart and/or smarter than the guy who just buys blindly in a regular, consistent, persistent, ongoing and perhaps even aggressive way.
obviously JJG's profit strategy is not working, just look how he is trying to get others to FOMO buy the high blindly and aggressively, just for him to have opportunity to profit more
where as i can sell at any price now and profit because i have always bought the dips and held during the highs, which has meant my costs are lower, so when the price is high, its always in profit
you should always avoid buying on the day of a new high. and instead buy the dip, a day, week later. and be more aggressive with your buys the lower the dip gets
bitcoin has built in cycles. so dont be blind, dont avoid learning about bitcoin, dont just be a NPC bot buying constantly without research
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many trad-fi naive traders usually get scared when they see a stock/share price dip. usually when they see a dip they are fooled into wanting to sell their holdings to avoid losses.. but thats dumb.. in bitcoin the best advise is to sell the high, buy the low..
..but JJG wants naive traders to blindly buy the high and be aggressive about it(facepalm), be blind and not learn about bitcoin economic cycles, thus not be confident about when markets turn
JJG has a bad strategy. hence why he needs others to be silly to bail out his position and end up passing the crap onto others(facepalm)
always try to buy-low-sell-high. never buy the peak. be more aggressive during the bigger dips
and dont worry the market will look after itself to find new high's even without a bunch of naive new investors buying the high. bitcoin has a built in deflation economics, the market will naturally be higher than previous cycles(due to mining cost economics). it doesnt need the naive speculator FOMO push JJG keeps trying to demand of new investors
i say all this because DCA is not actually a strategy. for instance [analogy:]paying taxes pre-income is not a strategy, its just a schedule
tax strategy is to minimise tax expense, maximise deductables and claim rebates, etc...
a strategy is about how to economise spending and maximise profit and then have a strategy to trigger certain acts based on changing events
also just hoarding is not a strategy, something this topic creator is not answering even though topic title suggest it answer, im still wondering what will these national governments strategy going to be about their hoards. are they going to utilise them as collateral to then create bitcoin bonds/ government etf's. EG [analogy:]how bank notes in the 1800's worked creating promissory notes/bonds from gold hoards.. or are they just going to 'fortknox' the bitcoin but do nothing with it for decades like the gold standard change 1970's+
if bitcoin is just going to be held for decades, thats not strategic. thats just having a reserve with no strategy