Continuing to save has definitely been a good thing. I'm actually waiting to buy more if it falls below $110,000. I love bears 
Bears have always been beneficial to me. I'm not in a hurry at all. I understand that long waits can test one's patience, but aside from all the worry and stress, these corrections are very beneficial for Bitcoin's rise.
These corrections remind me that Bitcoin needs to continue to perform better in the future.
Everyone loves buying cheap coins. Bears have always been beneficial to me. I'm not in a hurry at all. I understand that long waits can test one's patience, but aside from all the worry and stress, these corrections are very beneficial for Bitcoin's rise.
These corrections remind me that Bitcoin needs to continue to perform better in the future.
If Bitcoin drops a little more, it will reach a good buying point. I still think we haven't seen the peak yet. We will hit a new all-time high in the winter months and then enter a prolonged bear market. It's essential to accumulate as much BTC as possible from the DIP before this new ATH. However, it's also important not to miss the ship. I think the 109k price is suitable for entry. It's necessary to continue buying in stages. As long as we don't see below 100k, the positive sentiment will continue for me.If we are thinking about bitcoin as an investment and potentially as a life time investment, then it hardly makes any sense to refer to selling bitcoin in blanket kinds of ways, since that would turn a guys bitocin into either a trade or converting into some inferior asset and/or some inferior currency.
Why would a guy spend 10-ish years building up his bitcoin stash, and then sell all or most of it? Sounds like a lack of perspective if guys are thinking about their bitcoin stash in those kinds of ways.
but since we have newbies that are just getting started with their bitcoin investment and they are accumulating bitcon with a long term vision, i think it is unwise for you to say that "it's essential to accumulate as much bitcoin as possible from the dip before the new ATH because your statement can mislead newbies to be over aggressive in their accumulation and they will depend up selling their bitcoin too early because of your statement.
I agree with this part of what you are saying Nightwatchmare.
Even though guys are at various points in their bitcoin accumulation journey, there are still a lot of newbies who likely need to continue to focus on ongoing buying of bitcoin for 1-2 cycles before they might start to adjust their bitcoin accumulation approach based on their having had accumulated a decently good stash of bitcoin. Even guys who are able to accumulate bitcoin at very high levels, such as 25% of their income, they still might need more than a whole bitcoin cycle to get to a sufficiently decent enough size stash that they might start to slow down in their bitcoin accumulation.
The longer that a member has been accumulating bitcoin, then he might not need to buy all the time anymore... so it can be difficult to know if a guy might have reached a point of accumulating enough or more than enough bitcoin.
Even the case of LGD2Business, he could have had been with an income of $30k per year and ONLY investing around $50 per week for the past 10 years, and he may have over 15 BTC if he had been ongoingly accumulating bitcoin at that rate.. so sometimes the size of the bitcoin stash can start to affect how aggressive a person might be in his bitcoin accumulation, and based on his BTC stash he might ONLY buy during dips or during dips of a certain size.
This is so true. We cannot make conclusions on people progress in investment because we dont know how long they have been accumulating and the amount they have in their portfolio. In the example you gave, that a user may have accumulate 15 BTC. It is quite a good amount of Bitcoin and he may choose to either slow down or keep investing depending on his income (if he still earns so much to keep up the same amount per week), or target. Perhaps his target might be to have 20+ Bitcoins in his portfolio. And I think this is where buying on dips becomes a preferred strategy over dca. Even the case of LGD2Business, he could have had been with an income of $30k per year and ONLY investing around $50 per week for the past 10 years, and he may have over 15 BTC if he had been ongoingly accumulating bitcoin at that rate.. so sometimes the size of the bitcoin stash can start to affect how aggressive a person might be in his bitcoin accumulation, and based on his BTC stash he might ONLY buy during dips or during dips of a certain size.
So far in bitcoin's history, part of the dynamics that may well end up taking place is that a guy's increase in income might not even come close to keeping pace with the appreciation in bitcoin, especially if he had been investing 8-10 years or longer. So such a guy may well even be able to increase the amount that he contributes to buying bitcoin, such as if he had been buying $25 per week in the beginning, and then each year maybe he even raises his weekly amount of bitcoin buys by 50%, yet he may well find that even his seemingly great increases in his bitcoin purchase amounts (as measured in dollars) is not getting him even close to as much BTC as he was getting in his earlier days, even when the amount that he was buying in dollars was way lower.
So at a certain point he might not find it economical to continue to buy bitcoin, even if the guy might have had started accumulating bitcoin with a salary around $25k and then after 10 years maybe his salary is close to $100k, but it still might not make much sense anymore to continue to buy bitcoin. Guys may welll differ in their judgment, yet they might have pretty strong facts staring them in the face.
So then they start to transition between being in an accumulation stage and then being in a maintenance stage and then later starting to be in a sustainable income stage.
Right now, a guy who has gotten up to 15 BTC, he would be able to perpetually sustain an income at about $78k per year, yet even if that same guy completely stopped accumulating bitcoin and just planned to start some kind of sustainable withdraw in 4 years (based on the same quantity of having had gotten 15 bitcoin). It may well be the case that in mid-2029, he would be able to sustain an income of $273k per year.. based on a projected 200-WMA that may well be right around $182k by mid-2029. Once we start to calculate our valuations based on the 200-WMA, we end up being in quite a strong position once our valuations start to be able to support the level of income that we would like to get..and we can even be skeptical of such projections and we can project more conservative levels, and still likely be in a good place if we might have had reached a certain quantity of BTC that is close to reaching our target levels, yet we would be a bit more comfortable if our quantity of BTC were to be able to exceed our target quantity levels... and we should measure that with a combination of how many BTC that we have and the 200-WMA (bottom prices) rather than getting distracted by BTC spot prices that tend to fluctuate all over the place.
The longer that a member has been accumulating bitcoin, then he might not need to buy all the time anymore... so it can be difficult to know if a guy might have reached a point of accumulating enough or more than enough bitcoin.
Surely it's easy to know if a guy have acculated enough or more than enough depending on the size of Bitcoin stash that has been accumulated within a specific time frame or horizon.Even the case of LGD2Business, he could have had been with an income of $30k per year and ONLY investing around $50 per week for the past 10 years, and he may have over 15 BTC if he had been ongoingly accumulating bitcoin at that rate.. so sometimes the size of the bitcoin stash can start to affect how aggressive a person might be in his bitcoin accumulation, and based on his BTC stash he might ONLY buy during dips or during dips of a certain size.
Yes that's what am saying, from this explanation it is clear that if a guy had invested $50 starting from 2015 to 2025 consistently he could have accumulated UpTo 15BTC and this was achievable by increasing his BTC investment by being aggressive to meet up a certain amount of BTC within a specific period. And after achieving this, it is possible that such person may not find it difficult to know whether or not to continue to invest or not since a sizable stash has been achieved. But if he was whimpy from the starting point when Bitcoin was low and start being aggressive maybe around 2020 to 2024, it would still make him try to increase his investment in the next circle or more because he didn't make use of the opportunity of buying enough Bitcoin during early 2015 when it was cheap.I gave a steady amount through the past 10 years, yet for sure, we likely realize that if a guy invests a steady amount into bitcoin, the earlier years will have done most of the BTC accumulation, and sure there are guys who attempt to make up for their past mistakes (of being too whimpy in their earlier BTC accumulation years), yet it can be difficult to make up increasing their investment amounts by 3x, 5x, 10x or even 20x because if we measure the bitcoin price so far back, like 8 to 10 years previously, we will likely tend to find that our costs per BTC have gone up way faster than our income can even hope to catch up to the past prices as compared with today.. so 10 years ago BTC prices were around $250 per BTC (which is around 0.25% of today's prices, and/or today's prices are around 450x higher) and 8 years ago BTC prices were around $3,500 (which is around 3.1% of today's prices, and/or today's prices are around 32.2x higher).. so the difference in what is even possible is great and surely such differences are not guaranteed to continue to be so great in the future as compared to what they ended up being in the past, and so we can ONLY do what we are able to do in the present in terms of the choices that we make in regards to how aggressive we choose (or are able) to be in the beginning of our investment into bitcoin.
So I think the only way to invest is DCA.
Even though we are encouraged to use dca method to invest especially since we are new to bitcoin investment, I think it is imperative we recognise that other methods of investing are in existence. So that should we be called upon to lecture and educate others outside this forum, we won't be giving them half baked information. That being said DCA is not the only method to invest in bitcoin. Please take note and take correction.Sure. Even a newbie might have lump sum amounts available to him or he might come accross lump sum amounts from time to time, so if he comes accross lump sum amounts, he might have to figure out the extent to which he is going to 1) buy right away, 2) defer by time (DCA) and/or 3) defer by price (buy on dips).
sometimes there is no justification to differ investing, so frequently if a guy is buying bitcoin every time he gets paid, he is not deferring he is buying right away as soon as he figures out the extent that he has enough money available to invest.
DCA can also work quite well for guy who is still early and just getting used to how much money he has available for investing and/or for putting into his back up funds. So it can take a bit of practice to get used to how aggressive a person is able to invest into bitcoin without over doing it, so if the guy figures out that he can mostly do $100 per week, yet there will be some weeks that he can only do $60 and there will be other weeks that he might be able to do as much as $170, so then he can see a kind of pattern and if he is getting his back up funds to a comfortable level then he might have extra money come available due to his not having to add to his back up funds, and then maybe he is working his ass off, and his boss decides to give him a $1,500 bonus.. and usually, he would have just spent the $1,500 on a car or a motorcycle or a phone/computer, but now that he has bitcoin.
He might realize that he is able to invest $1,200 of that bonus into bitcoin, yet he still might be faced in figuring out if he should buy all right away or if he might defer with buying on dips and/or adding to his DCAs in the coming weeks..
There is no real right or wrong answer, even though there are trade offs to each of the techniques that may or may not end up paying off depending on what the BTC price does after exercising such option(s), and the guy may or may not be willing to figure out how to weigh the trade offs until he practices a few times, yet at the same time, he realizes that on average, his bonus had resulted in right around 12x the amount of his usual that was available for his weekly BTC buys, and he feels that it is good to have options, even though not always easy to decide and sometimes a guy might just purposefully divide the amount that he has into three parts $400 for each part and to practice with each one of those parts within their definition, and see how it feels to actually apply theory of each three to practice which might cause him to be better informed how he might choose to make his allocation differently if he ends up getting another bonus or otherwise come across some extra money all of a sudden in the future.
People should not wait for the dip before accumulating Bitcoin it is traders who target the dip to accumulate and sell when there is an increase.
Waiting for the dip before accumulating will only make you accumulate just little Bitcoin because you are not accumulating regularly investor accumulate at any price level he never wait for Bitcoin dip before he can accumulate with the DCA strategy you can be able to accumulate at any price persistently either every weeks or months the dip should be an advantage to accumulate more Bitcoin and HODL.
Yes, the point is, if we invest in Bitcoin and intend to invest long-term, then continuously accumulating with DCA is the right move. I think doing so is very simple, but why are so many people still confused about it? Because I think investing in Bitcoin is easier than investing in stocks or real estate. Because if we want to invest in Bitcoin, we only need discretionary funds, and then we can buy it immediately. Then, after that, use the DCA strategy and slowly build up an emergency fund to act as a hedge against our Bitcoin investment. If we're like that, we just need to accumulate Bitcoin consistently. I don't think it's complicated to do. But it's undeniable that many people are still interested in investing in Bitcoin for quick profits. So, with that in mind, investing in Bitcoin can certainly feel complicated. But if you invest patiently in Bitcoin, I think investing in Bitcoin is very easy.Waiting for the dip before accumulating will only make you accumulate just little Bitcoin because you are not accumulating regularly investor accumulate at any price level he never wait for Bitcoin dip before he can accumulate with the DCA strategy you can be able to accumulate at any price persistently either every weeks or months the dip should be an advantage to accumulate more Bitcoin and HODL.
You seem to not know what discretionary income is.
If you invest from discretionary income, then you are using money that is left after expenses.
If you invest with money that is needed for your expenses then you are trading and/or gambling rather than investing.
If you have extra money that is sitting around, that money came from discretionary income and/or discretionary funds, so just because you call it something else does not make it not discretionary. Now if you are investing from money that you saved from something else (like a bicycle for your daughter) or from emergency funds, then you are making choices that you might regret, but you still have the power to make those choices, and you might put yourself into trouble if you don't have any back up funds or if you accidentally over invested from money that you needed for expenses,
and if you have no money left, then you end up having to dip into your bitcoin at a time that might not have had been at your own choosing, so it is usually not good to deplete back up funds, but yeah, guys can do what they like, including having fun staying poor - because they think they know everything and then they end up fucking up because they don't have enough of a cash cushion or they are spending from money that they need for expenses while thinking that they can do whatever they like.. which is true.. and they end up never making progress if they are continuously taking too many chances with their money that might pay off manny times and then all of a sudden a person is reckt because he failed/refused to take sufficient precautions...and he can only blame himself for his having had gambled in those kinds of ways with his investment.