so we would not consider things like age when it comes to buying and accumulating bitcoin,
Age can only be a threat to those Investors that can't make direct purchase, I noticed that some people are not familiar with online purchase. Instead they prefer making thier purchase through bitcoin ATM, and if they don't care to learn, some day they will get to a certain stage were they won't have the strength to be going to the bitcoin ATM as they used to when they have not come to aged. in this case they can just consider it as the end of thier accumulation journey, but those who are familiar with the online purchase will not be affected. However i think the best way is to start bitcoin accumulation on time so that before we would get to the stage where we will be facing any of this challenges then we must have reach our investment goal or the stage of overaccumulation.
I believe age here is pointing to health
In my view, age shouldn't in any way affect investment. Things happens (as in surprises/unexpected). To a point as long as someone still has common sense, investment in Bitcoin can continue no matter the age. The issue of using Bitcoin ATM or online purchase is not something that matters so much since they both offer the same result. Come to think of it, what could be the reason why some people are bent on Bitcoin ATM purchase? Could it be because of fear of fraud?
Bending on Bitcoin ATM use is for sure location based, this ATM is not rampant as normal ATMs. So someone who has it located around is tbe one who would be bent on using it, if not the importance of learning how to purchase online already speaks louder.
As for age, surprisingly an elder of say 65 years could still in the next 10 years have what it takes to go to Bitcoin ATM to purchase while a youth of 35 years can not..
Note; aside being located around Bitcoin ATM, incorporation of both purchase means is paramount irrespective of age. Not forgetting the privacy and comfort of the online purchase.
As aged and or unhealthy person, there might be other measures to keep up with investment in Bitcoin. Very hard but it could be possible to have someone who would assist in that regard. Someone who will help in purchasing whether online or using Bitcoin ATM.
Also like you pointed out @ejikeme24 "reaching investment goal" settles the matter.
You seem to be superficially addressing the age factor, since it is quite likely that a 35 year old and 65 year old is not going to be in the same position in terms of income they are earning or able to earn, and they may well also not be in a similar position in regards to how much they have saved up. So of course age is a factor that needs to be accounted for, along with the other
individual factors.
If a person concludes that he has at least a 4 year time horizon for investing into bitcoin, then surely that would be a factor. The 35 year old may invest from income, yet the 65 year old might reallocate from some other investment that he has.
If a 65 year old is building his investment over 4 years, then when he turns 69 (or 4 years down the road) the earlier invested amounts would be ready for potential withdrawal but the later invested amounts would not have had reached a 4 year investment timeline, yet, and every new investment into bitcoin needs to have a 4-10 year or more timeline in order to be an investment rather than a trade. Personally, I recommend against trying to trade bitcoin.
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I agree that trying to time the market to buy Bitcoin does not define DCA but it can
very much be part of the strategy to it as well as Buying the dip.
Both DCA and buying the dip are largely general terms and not an exact science,
i.e how much of a dip? qualifies for BTD we could ask or is it not ok to try and pursue
your lowest cost average?
DCA - Dollar Cost Average - if someone is so regimental as to try and time
the market when buying everytime well thats ok, they are trying to maximise their
average likewise with BTD they are trying to get the max Bitcoin for their purchase.
I dont see the point of it though if you are not willing to time the market everytime.
Anyone can mix and match buying strategies at any time based on their own cashflow particulars and their other personal factors, even though there may be a bit more of a preference for newbies to invest regular, such as weekly, but there is nothing stopping them from lump summing with money that they might already have or even lump summing at any time that additional money might come in.
Buy the dip might not be as preferred for beginners, since it has a tendency to allow for waiting, which might not be a good idea, unless decently large amounts had already been invested. Each person has to decide what they consider to be a decently large position.
I can see that you are a bit concerned about your average cost per BTC, aoluain. Yet if you have been accumulating bitcoin for 4 years in a steady way then your average cost per BTC should be around the 200-WMA, which surely the BTC spot price tends to stay above the 200-WMA.. yet at the same time, the longer that you are accumulating, then the 200WMA is likely to be moving up faster than your average price per BTC is rising. In other words, the longer you are accumulating BTC, it is likely that your average cost per BTC is becoming lower and lower relative to the rate that the 200-WMA is going up (and relative to BTC's spot price too).
Of course, you, aoluain, have already been registered on the forum since early 2017, so you might have had already had plenty of chances to build up your BTC stash over the past 8.5 years, but if a person is newer to bitcoin, they may be trying to accumulate at any way that they can, and they cannot be sure if there is going to be a dip or not, so they might consider that it is better to just keep accumulating regularly rather than waiting for dips that might not end up happening.
Yet, even a person with a $30k income who had been $100 per week for the past few months might start to think that it could be to their advantage to buy some more bitcoin with some savings that they have or maybe they receive some kind of bonus pay that allows them to consider their options. If they receive $2,500 in bonus pay, then all of a sudden they have right around 6 months worth of their DCA that they could put in right away, or maybe they consider if they will defer by time (DCA) or defer by price (buying the dip). These are not easy choices, even though the newbie migh prefer to invest more of his bonus amount sooner rather than deferring... and perhaps once he had been investing a year or two, then maybe at that point he might consider letting off (or slowing down) or employing strategies that might involve deferral rather than buying right away as his money comes available.
I have even projected out a variety of possible income scenarios, even so aggressive as a person investing 25% of his income into bitcoin, and even in those cases, the person still might want to accumulate at that same rate (if they can keep it up) for at least 2 full cycles.. yet at the same time, people choose differently, and if someone does not have any other investments (besides bitcoin and cash) then they may well want to buttress up their investment into other things, and perhaps start to feel that they have enough in bitcoin once they had invested a year's of their income into it (after 4 years for the person investing 25% per year). It is not easy for guys to invest 25% per year, so sometimes they just want to let off so that they are not stressing themselves out so much with how much they are putting into bitcoin as compared with other places that they could be putting money..