The new President of the USA recently posted the following statement on his own social media account known as Truth Social.


This is Great

It seems he is very much invested in Bitcoin, and this could trigger another bull run. News of him winning the election has already triggered a surge in Bitcoin's price. As a Bitcoin holder, I believe that a new rally is coming, and I anticipate that the price of Bitcoin will surpass $150,000 before the end of 2024.

We've already seen how Bitcoin reached several new all-time highs as soon as the news broke out of the new President of the United States. The counting of votes is still going on in several states but the majority that he got suggests he is the new President of the USA. I am considering Trump as the new President of the US, who has the power to promote Bitcoin and make it a new option to USD.

Do you think in the same way as me?

Congratulations, you are Sr. Member now. Your dreams become true.

Your post quality must need to improve. Besides that, you have to increase contributions to the forum. Keep your role to build the forum. Keep helping others by distributing your merits. Good luck for you.

Bitcoin is a long journey down the line and in other to remain at positive position each time, there is need to Mentain a steady cash flow to take advantage of any market position because at some point, there will be a change in the price of bitcoin that give an investor the chance to buy at a discounted price and with such DCA approach give you the chance to make more profits each point in time because it easy for the price of bitcoin to move upward when it did a discounte market.

Much more also bitcoin keeping steadily buying each time the price of Bitcoin is low make you accumulate bitcoin more than when the price is high.

local media reported that there was fake gold that even amounted to 109 tonnes.
With this in mind, we must realise that ultimately nothing is 100 per cent safe.
In addition, bitcoin is also not very suitable for the short term because after all, when talking about investing in bitcoin, the long term is more worth it.

My question stems from a 2023 article of a woman who charged her daughter $75 per month to add to their bills since she now works.

Generally, working-class children who stay with their parents do so to be able to save up enough money to start a fresh journey in life. Although it's still cheap to contribute to the bills like paying rent, buying groceries, etc compared to when they live outside their parent's house. But, young people like the girl in the article find it outrageous. Going through the article I saw responses from parents who admit they do the same thing. Do you think it's fine as a parent to demand bills such as rent from your working-class child because s/he stays in your house?

https://www.boredpanda.com/daughter-angry-mom-increases-contribution-to-bills/

N/B: this thread is not exactly what happened in the article above.

Exactly. But sometimes we the other side of it too, even the rich suffer great sickness wish money can not solve, but my problem for law class no matter how hard it is don't go into evil just to be rich for not all that are rich that's is clean and have rest of mine..

We often see the rich taking their own lives or just doing some self destructive things and that’s because they never had to fight for survival like how the poor did. The poor people had to scrape and work in order to eat and they are not going to throw away the life they worked so hard for.

Unlike the rich who were probably already rich from the moment they were born and did not have to undergo challenges in life. I am aware that this might not be the case for everyone but it certainly is the case for most.

It seems that you have not described the difference between DCA and lump sum correctly.

Of course, if you have a lump sum of money available then you can choose how to invest it within the three categories of lump sum, DCA and buying on dips. 

If you choose to lump sum, you run the risk of the price moving against you in a short period of time, so yeah you have described DCA as potentially offsetting that risk, but it does not completely offset the overall risk of the investment, just the risk of a short term investment that might end up being wrong and ONLY if the BTC price subsequently moves agains you.  On the other hand, you also run the risk that the price might move in your favor. which would not be a risk, it would be considered a benefit of lump summing... so maybe DCA offsets volatility risk even though it does not completely remove portfolio risk and it even disadvantages you if the BTC price goes up.

In other words, DCA does not stop the risk, except perhaps just the short term trade off between investing the whole amount right away or spreading it out.. and it is not always advantageous to spread out the investments, which maybe is part of the justification to figure out some kind of balance between buying BTC right away or waiting for a dip or waiting for various time periods to pass so that you can manage your cashflow better if you BTC buys are spread through the month rather than happening all at once each month.

Now, if you have $100 per week coming in that is available for investing into bitcoin, then you could invest it all right away. and that is frequently called DCA, but it may well be semantics in some sense to not call that lump summing, especially if you buy right away.. 

If you receive a $3k bonus three times per year that could be available for investing into BTC, then that could also be considered DCA if you use it all right away to buy BTC as soon as you get it, even if you are choosing to invest it all at once each time it comes in and your are calling your practice lump sum... but you might also consider dividing that same $3k into three and investing $1k right away, spread $1k for buying on dips and spread the other $1k over a period of time such as $200 every two weeks for five installments.


Yes.. it does not seem so reasonable to divide $100 into three parts, and even less reasonable to divide $10 into 3 parts even though it is possible to do so... but the fees sometimes will make it even less feasible to divide smaller amounts into several parts.
 

This is all true, and many of the times you can take the money from a lump sum that is available or you could take the money from cashflow that is coming in, so you might measure what is the difference between the amount that you have coming in and your expenses (which would be your disposable/discretionary income), and if you try to use high portions of your DCA for buying BTC or any other investment, then you may well get yourself into trouble... so if you were to end up engaging in some kind of automatic DCA, then you would want to make sure that the amount is reasonable and not going to lead you into trouble... yet at the ame time, I am personally a little bothered by some of the automatic DCA systems since they may well not permit you to choose the exact time of your purchase, so anyone using automatic DCA might want to consider if they are doing the DCA buys at a certain time of the day or are they allowing you to customize your automated DCA buy time.

     

• fastestFee: 27 sat/vB
• halfHourFee: 24 sat/vB
• hourFee: 23 sat/vB
• economyFee: 22 sat/vB
• minimumFee: 11 sat/vB

https://talkimg.com/images/2024/02/09/vJQ3l.gif

There are going to be temptations to either sell or to stop accumulating BTC.. and there is ONLY so much anyone else can say to stop guys from doing that, and sometimes it does end up working out for them.. .. and so it could become even more difficult for someone who just got into bitcoin in the past 3-4 months since October 2023, but it may also be quite likely that their stash is way too small and even if someone front loaded his investment, it may well be problematic to try to employ selling techniques.. even though it is tempting.. and I cannot say when it might seem rational to start to employ such techniques of selling, even though historically I have given some examples of someone who might have had been into bitcoin for a few years, and not quite a whole cycle, and who did a lot of front running and even extra buying in the 2022 dip period, so there could be some cases where it starts to seem a bit more ambiguous when guys have accumulated a lot of BTC and they might have over did their accumulation in 2022,

so they have already justified shaving off some profits, even though BTC may well be in a very good bullish posture and at a later date, they may well be regretting their decision to shave profits... and so maybe that ties into why I frequently will talk about a kind of formula that is shaving very small amounts of profits and they are not being shaved in order to buy back, but then there is also a kind of presumption that the BTC allocation that they guy had reached is way more BTC than he needs, so he is not even wanting to buy more BTC, so that when he shaves off some BTC, he is not expecting to buy back.. so that is kind of the standard that I start to consider it acceptable to start shaving off BTC even when there is a quite large odds that the BTC price will keep going up.

You keep framing a dichotomy between lump sum and DCA, yet even buying on the dip has a lot of potential for importance.. and I hate to narrow down too much in regards to when buying on the dip might be a better frame, except I think it should be a strategy for someone who largely already has prepared for up rather than someone who is not adequately prepared for up. 

From my perspective, the person who employs buying the dip without adequately preparing for UP is either employing a kind of gambling strategy and/or a waiting strategy.. and waiting strategies kind of annoy me because they are likely not bullish enough on bitcoin (from my perspective).

Going back to the $100k or the $113k in 6 months example, like I mentioned such a person could front load a bit (such as $70k) and then dedicate the remainder towards DCA and buying on dips and then reassess after 6 months.  So if the remainder 43.5k is divided into 2, then each of the portions would be $21.5k, so DCA could be $827 per week for the next 26 weeks, and then the buying on dip portion could perhaps be structured to go down to around $31k (which is right around where the 200-week moving average is right now... so if the guy is a bit anxious that dips might not happen, maybe he ONLY goes down to $35k.. and yeah we already know that right now it could well be possible that sub $40k might never be reached again; however, if the person is a bit more comfortable with his level of front loading, then he could structure his buying on dip to go down to $28k or something like that.  maybe the guy who decides to ONLY go down to $35k might choose buy on dips every $500 dip starting at $46,500 (presuming that his lump sum of $70k had been executed at $47k), so then that would be 23 buy orders which would be $935 each ($21.5k / 23).  Alternatively, if the guy is quite satisfied about his level of preparation for up, then maybe he starts his buy orders at $44.5k, and then has them every $1k down to $28.5k, which would be 16 buy orders of $1,344 ($21.5k /16).

My main point is just to show that buying on dips can have quite a lot of importance, especially for the guy who is already prepared for UP, but at the same time is wanting to structure some advantages in case the BTC price runs against him. .and yeah, he is not going to make any kind of killing off of buying on dips because he likely is losing way more value in his holdings from the BTC price going down rather than UP, but at the same time, he ends up employing some tactics to lower his cost per BTC, while still holding and still investing and refusing to sell, by buying at various price points on the way down in accordance with his own views of his situation that includes some calculations of odds of where he believes the BTC price is and where it might go and without being so cocky as to presume that he knows the answer but at the same time putting his money where his mouth is.