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Topic: Buy the DIP, and HODL! - page 17. (Read 121584 times)

hero member
Activity: 1358
Merit: 627
October 31, 2024, 04:12:00 PM
Even if we forward project out, we still could end up making mistakes and have to change our trajectory and our assumptions in order to account for changes in the facts that might allow for changes that go in either direction and perhaps sometimes in both directions.
Both ways, is it a very fatal mistake. It is very regrettable if investors who have gone through the first year's accumulation successfully and the second year becomes more messy because they want to increase the adjustment of the increase in accumulation in the second year in their investment planning. My assumption is that if an investor fails to save expenses and is not supported by increasing income, then their investment becomes more chaotic if they choose to increase the cash flow of purchases to be greater. That could make them make mistakes if the emergency fund is unable to cover the costs of expenses in the second year.

Maybe it's true sir, if it is not supported by increasing income, of course the accumulation of bitcoin does not have to be adjusted to the new plan. or he uses the initial pattern in the first year by following up in the second year, of course that's better. The reason might be to avoid mistakes if that's what has to be done. I also think if one day we lose our permanent job, maybe it's 6 months, is the plan at that time what should be done, while the adjustment of expenses increases because many costs must be considered when we lose our jobs.
On the one hand, is take short-range profits for a while the best step, while we still maintain our btc ownership.
sr. member
Activity: 308
Merit: 256
October 31, 2024, 01:34:01 PM
Investors can't take advantage of every moment that arises in Bitcoin because not every time the dip happens they will have money to buy the dips. There is no need to be worried about taking advantage of every moment that arises in bitcoin because the DCA strategy has you covered, and it will allow you to seize most of the opportunities that will arise in bitcoin. Even though you don't have enough money left to buy the dip when it happens, do not worry;
I don't agree with you because if there is a reserve fund system for investment then DCA strategy as well as investors can take advantage of dip season. Investors using the DCA strategy can take advantage of every moment in the market as they regularly buy bitcoins. By buying Bitcoins regularly, that investor can take more advantage during dips. The advantage of using the DCA strategy during the dip is that he gets a chance to accumulate more bitcoins at a lower price. Investors should invest using DCA strategy as well as reserve funds so that they can make lump sum purchases during dips in the market and fully enjoy the benefits of the dip season.


I think you have a wrong conception about the idea of the lump summing strategy, though i usually have the same view with you until I was clarified by sir jayjuanGee some time ago, the idea of the lump sum buying completely has nothing to do with price points because you are making purchase right away with the lump sum amount that is readily available for investment irrespective of the market conditions, emphasis about the lump summing strategy talks more about the investor decision to utilize the available lump sum amount to make purchases right away whether there is a dip or not.
hero member
Activity: 882
Merit: 578
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October 31, 2024, 01:18:00 PM
Different strategies work for different people, some use DCA, and there are those who buy during DIPs. Those who buy during dips are likely to be checking the  price of bitcoin frequently, looking for those moments when the price drops to make their purchases.
It's the size of your bitcoin portfolio and how long you have being accumulating bitcoin, that will determine the strategy that will best be used. A new investor that just started his bitcoin journey will need to use DCA method, so that he can continue buying regularly every week with part of his discretionary income for 4-10 years and above. This will enable him have the opportunity to increase his bitcoin size slow and steady with consistent and persistent buying overtime. If you have extra funds, it's good you lump sum for rapid growth.

However, if you have reached 60% of your bitcoin target, if you adopt buying the dip method to buy good quantity of bitcoin when the price dips. You can wait for the dip and prepare for it, because waiting is no longer a waste of time since your bitcoin size will not increase that much with DCA and you will be buying when the price of bitcoin is high. If you wait and buy at the dip, you will have ths opportunity to increase your bitcoin stash significantly.
full member
Activity: 742
Merit: 201
October 31, 2024, 11:48:50 AM
Well I don't know how you came up with that figure

I didn't come up with that figure rather it's the https://dcacryptocalculator.com/ that give results of investing 100$ per week for last five years starting from Oct 30, 2019.

but I gave you the link provided by JJG some weeks ago but perhaps you chose your own website which I don't know how you get to that figure.

I was not aware of https://dcacryptocalculator.com/ until Dec 2023 when JJG introduce me to that site along with another one.

... but I do use that DCAbtc.com website on a regular basis, and I have found that I have to perform some of the calculations manually in order to get the correct results.  There are some other DCA calculating websites out there too.. such as https://dcacryptocalculator.com/bitcoin  and https://costavg.com/

I have done some R&D on these three sites and here are my findings. You can also check and post your findings whether it's correct or not.

Results from dcacryptocalculator and costavg converge and give more detail of DCA then dcabtc. For instance if you want to calculate DCA results of investing 100 dollars into Bitcoin every week for last 3 years or from Dec 25, 2020 to Dec 25, 2023 then dcacryptocalculator shows that you have ROI of +44.10% and costavg shows that you have ROI of +42% while dcabtc says you have a loss of 20%.


That confused me too, and it appears, that Samlucky O has a mistake in his link and it is ONLY going back 4 years rather than 5.. the starting date for Samlucky O shows as 9/28/2020 instead of what it should show a starting date as of 10/30/2019... so yeah, the real amount is closer to more than 1.2 BTC accumulated rather than ONLY 0.6663 BTC accumulated.

I tried all three sites for what should be number of Bitcoins accumulated if you are investing 100$ per week for last five years starting from 2019.

https://dcabtc.com/     1.21 Bitcoins

https://costavg.com/    1.22 Bitcoins

https://dcacryptocalculator.com/     1.23 Bitcoins

All three sites have consent that for your 26k$ invested in last five years, Current value of your BTC will be over 80k$. So it's a huge bonus for someone who is investing 100$ weekly for last five years.

hero member
Activity: 910
Merit: 677
October 31, 2024, 10:23:39 AM

Indeed, in the end it will be a good thing if in the end someone can maintain consistency to make such a large investment and reduce their living needs but in the end the question that will arise is whether it can be done for a long time? Even though being in bitcoin is ultimately a very good thing but in some conditions we also have to think about ourselves and the living needs we have to do because even though I still agree with what you said that a person's standard of living is a personal determination but in other conditions we also cannot make the initial situation as aggressive as it is (by doing at 35 percent for investment in the condition of our monthly income which is only $120 according to the context of the initial example) because indeed for the worst possibility we will not be able to survive for a long time with the situation that will occur in the future where the economic level and needs are increasing.
It is important in the end that instead of forcing 35 percent from the start, it will be more worth it to do it in conditions that we can minimize like 20 percent or 25 percent, which is still quite worth it with an income of $120 per month.

It sounds way more ridiculous to me for someone with such low income to be even capable of reasonably put 35% of his income into bitcoin, unless he is living with his parents or has little to no expenses.

It makes more sense to me that perhaps someone who has $2k per month income and $500 to $1k per month of expenses, might be able to invest 35% of his income into bitcoin... .. but hey I just get bothered by using examples of incomes that are so low (especially if we are referring to aggressive BTC investment of levels higher than 25% of the income, even though I know that some of the guys participating in this thread do happen to have incomes that are only a few hundred per month... and so yeah, they still may be able to figure out ways to invest higher percentages of their income into bitcoin, but at the same time, I am thinking that something is strange that they are able to keep their expenses so low (and yeah, probably they are sharing expenses with family or something like that).
That's why I'm a little bit against it because in the end it's an overly aggressive and even extreme way to go about it as I said here but I guess my writing wasn't very clear to you so it gave a slightly different response.

In the end when the income is bigger it is indeed not a problem to invest a larger amount or 35% of the total income we have if indeed the salary we get is large (for example around 2k) which you said earlier because it can still be minimized considering the needs we have and some other things such as unexpected needs and still set aside for reserve funds are still there but when the total income is only around $120 and invested at 35% ($40) then indeed this is an action that is actually quite difficult to explain because it is the same as pushing yourself too much. So it would be better to do a little smaller like 20% or smaller than that so that we are not too burdened because the investment is done not just once but it does take time even longer than that so don't push too hard from the start so that we don't get tortured.
sr. member
Activity: 378
Merit: 285
October 31, 2024, 10:13:41 AM

That's a good tip though everyone has a point and a reason why we're DCAing. And one way to monitor or at least get more encouragement is through checking the price regularly. When it is not advisable to check the prices regularly is if we are at the bear market when you're just mostly on hold position and don't accumulate, so it pretty much don't have difference at all.

Monitoring and cheeking the price of Bitcoin regularly is a traders mindset since if you are investing for a long time purpose three is no need trying to cheek the price of Bitcoin regularly before accumulating Bitcoin and also for investors using the DCA strategy you won't have much need cheeking price of Bitcoin when you can accumulate Bitcoin either weekly or monthly regardless of it's price and continue hodling for long when the price is also at dip it will give you the opportunity to accumulate more Bitcoin.

Different strategies work for different people, some use DCA, and there are those who buy during DIPs. Those who buy during dips are likely to be checking the  price of bitcoin frequently, looking for those moments when the price drops to make their purchases.
So what exactly happens when they keep checking and waiting for those dips to happen and it never comes? Does it mean you won't buy bitcoin? Look as a long term investor you won't make much progress with your accumulation if you rely on buying the dips alone. I don't care whatever that works for you but the right application of the bitcoin investment strategies will work for anyone. My advice is this, you can be investing little amount regularly while you are still anticipating for whatever price level you think is dip enough for you, instead of waiting without buying. You can then lump sum if eventually what you are waiting for happens. If it doesn't you will be consoled with the little purchases you have been making during the periods you have been waiting.
jr. member
Activity: 87
Merit: 5
October 31, 2024, 09:51:26 AM

That's a good tip though everyone has a point and a reason why we're DCAing. And one way to monitor or at least get more encouragement is through checking the price regularly. When it is not advisable to check the prices regularly is if we are at the bear market when you're just mostly on hold position and don't accumulate, so it pretty much don't have difference at all.

Monitoring and cheeking the price of Bitcoin regularly is a traders mindset since if you are investing for a long time purpose three is no need trying to cheek the price of Bitcoin regularly before accumulating Bitcoin and also for investors using the DCA strategy you won't have much need cheeking price of Bitcoin when you can accumulate Bitcoin either weekly or monthly regardless of it's price and continue hodling for long when the price is also at dip it will give you the opportunity to accumulate more Bitcoin.
There's nothing wrong, for being proactive and frequently checking the price of bitcoin. If an individual choose to do so and go through the stress then it's okay, especially if they are doing so, to seize opportunities to accumulate more Bitcoin during price  dips. But checking the price of bitcoin  frequently out of Emotions is not good it can lead to FOMO, Which is not solid move for an investor with a long-term mindset. Whatever an investor does in regards to their long-term investment, it should be done with a clear head on how to boost his investments over time.

Different strategies work for different people, some use DCA, and there are those who buy during DIPs. Those who buy during dips are likely to be checking the  price of bitcoin frequently, looking for those moments when the price drops to make their purchases.
full member
Activity: 308
Merit: 142
October 31, 2024, 09:04:16 AM

No, I never said it's a Ponzi "Scheme" with an entity on top running the "Scheme". Get the whole context. Bitcoin, like Gold, is a naturally-occurring Ponzi. It's simply a market that was boot-strapped by a community that values the asset.

 ¯\_(ツ)_/¯

BUT, Bitcoin does have technical features that ARE VALUED especially by some groups of people that are in need of censorship-resistance.
Obviously, you are being sarcastic and I understand it clearly. Bitcoin could be like a community-built Ponzi, especially in the eyes of those who have not experienced its benefits. However, it's more like a successful decentralized social experiment. Anyway, for any other Ponzi scheme, we could probably know who runs it or makes an upgrade to it, but with Bitcoin, you barely can tell who is Satoshi and for Gold, we all know its nature. What they have in common is that they are run by those who adopt it and are hyped by their communities. They are less of a scam but more of a social effort pushing it into existing assets with high value.
sr. member
Activity: 350
Merit: 255
October 31, 2024, 08:49:39 AM

That's a good tip though everyone has a point and a reason why we're DCAing. And one way to monitor or at least get more encouragement is through checking the price regularly. When it is not advisable to check the prices regularly is if we are at the bear market when you're just mostly on hold position and don't accumulate, so it pretty much don't have difference at all.

Monitoring and cheeking the price of Bitcoin regularly is a traders mindset since if you are investing for a long time purpose three is no need trying to cheek the price of Bitcoin regularly before accumulating Bitcoin and also for investors using the DCA strategy you won't have much need cheeking price of Bitcoin when you can accumulate Bitcoin either weekly or monthly regardless of it's price and continue hodling for long when the price is also at dip it will give you the opportunity to accumulate more Bitcoin.

Imagine the stress you can get for continuous checking of the price, that's why I don't really recommend this to be done by people especially if they are serious to deal with their long term investment. Negative sentiments and bad market movement could potentially affect their decision making.

So to avoid committing mistake that they might regret later on much better if they pay attention on their accumulating and proper budgeting than doing unnecessary price checking. There are lot of things to happen on the market and we should never let our focus get destroyed by unwanted matters. If there's a chance that we can accumulate at the dip then its good but it will be more fine to us if we stick to our plan and accumulate whatever bitcoin price show up.
checking of bitcon price daily is not entirely out of place as long as you're sure of your reason for doing so. Realistically, there's no way you will be a major Bitcoin holder without knowing the price of Bitcoin almost on a daily bases. It's where you've stored your asset so naturally, you've got to know what's going on. When I wake up in the morning, it's almost like a default that I just open my phone, check up the forum and then open a wallet of my choice and just check Bitcoin price and sometimes I just open my portfolio to know what's up with the amount of Bitcoin I'm holding. It does something for me and that's that it motivate me for that day. If it goes up then that's really fine but if it doesn't, it's still cool. It's not like you're going to sel your Bitcoin stackl just because the market is going on a certain direction.

The point when it becomes unhealthy to constantly check the price of Bitcoin is when you're doing so just because you want to time the market for the best time to buy or because you're looking for a comfortable exit route so you can sell. During the four to eight years of your accumilation while working on getting to a comfortable accumilation point, you must have gotten used to the price movent to the point that nothing moves you again,  you just randomly fleeps through Bitcoin price for the day and stick to your DCA. With time, you might be surprised that it doesn't bother you again if you've checked for Bitcoin price untill the day you're doing your next DCA or when there's a new ATH and Bitcoin starts making headlines.
sr. member
Activity: 182
Merit: 120
October 31, 2024, 08:47:12 AM

That's a good tip though everyone has a point and a reason why we're DCAing. And one way to monitor or at least get more encouragement is through checking the price regularly. When it is not advisable to check the prices regularly is if we are at the bear market when you're just mostly on hold position and don't accumulate, so it pretty much don't have difference at all.

Monitoring and cheeking the price of Bitcoin regularly is a traders mindset since if you are investing for a long time purpose three is no need trying to cheek the price of Bitcoin regularly before accumulating Bitcoin and also for investors using the DCA strategy you won't have much need cheeking price of Bitcoin when you can accumulate Bitcoin either weekly or monthly regardless of it's price and continue hodling for long when the price is also at dip it will give you the opportunity to accumulate more Bitcoin.

Imagine the stress you can get for continuous checking of the price, that's why I don't really recommend this to be done by people especially if they are serious to deal with their long term investment. Negative sentiments and bad market movement could potentially affect their decision making.

So to avoid committing mistake that they might regret later on much better if they pay attention on their accumulating and proper budgeting than doing unnecessary price checking. There are lot of things to happen on the market and we should never let our focus get destroyed by unwanted matters. If there's a chance that we can accumulate at the dip then its good but it will be more fine to us if we stick to our plan and accumulate whatever bitcoin price show up.
Continuous price checking is not actually my thing besides I find nothing bad if an investor try to check maybe for buying purpose or other reasons definitely there must be something connected with the price when dealing with bitcoin investment. I understand the term traders when monitoring the market since they’re the ones who always analyze their strategy and price movement, this is totally different and has nothing to do with an investor besides I don’t care when people talk much about bitcoin price.
I guess investors get stress out when trying to monitor the market, trade and invest involves different field that requires a learning process that’s the reason investors can’t handle trade related stuff likewise invest, in what ever way buy and hold is more important also a good management should be considered.
sr. member
Activity: 364
Merit: 308
October 31, 2024, 08:43:33 AM
Investors can't take advantage of every moment that arises in Bitcoin because not every time the dip happens they will have money to buy the dips. There is no need to be worried about taking advantage of every moment that arises in bitcoin because the DCA strategy has you covered, and it will allow you to seize most of the opportunities that will arise in bitcoin. Even though you don't have enough money left to buy the dip when it happens, do not worry;
I don't agree with you because if there is a reserve fund system for investment then DCA strategy as well as investors can take advantage of dip season. Investors using the DCA strategy can take advantage of every moment in the market as they regularly buy bitcoins. By buying Bitcoins regularly, that investor can take more advantage during dips. The advantage of using the DCA strategy during the dip is that he gets a chance to accumulate more bitcoins at a lower price. Investors should invest using DCA strategy as well as reserve funds so that they can make lump sum purchases during dips in the market and fully enjoy the benefits of the dip season.
Quote
with the DCA strategy, you can accumulate bitcoin even when the price is increasing or decreasing, which will allow you to be consistent in accumulating bitcoin and also take advantage of the market.
Yes that is if the investor is financially sound enough to invest using the DCA strategy then maybe he should not wait for the dip period at all. He should then aim to buy bitcoins immediately and invest regularly in bitcoins for a long time.
sr. member
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October 31, 2024, 06:17:24 AM

That's a good tip though everyone has a point and a reason why we're DCAing. And one way to monitor or at least get more encouragement is through checking the price regularly. When it is not advisable to check the prices regularly is if we are at the bear market when you're just mostly on hold position and don't accumulate, so it pretty much don't have difference at all.

Monitoring and cheeking the price of Bitcoin regularly is a traders mindset since if you are investing for a long time purpose three is no need trying to cheek the price of Bitcoin regularly before accumulating Bitcoin and also for investors using the DCA strategy you won't have much need cheeking price of Bitcoin when you can accumulate Bitcoin either weekly or monthly regardless of it's price and continue hodling for long when the price is also at dip it will give you the opportunity to accumulate more Bitcoin.
Of course for long-term investors it is not so important to always check the price every time, because they are not traders or short-term investors who always check the price every time to take the right action in making purchases and also making sales to be right. And the most important thing of all is that we must know, have knowledge and also do analysis especially the track record and also strong belief in the investment that we will choose. And if the long-term investment chosen is Bitcoin, in my opinion checking the price of Bitcoin every time is not necessary especially for those who use the DCA method. And what must be done is to stay focused on making purchases regularly at a predetermined time routinely with long-term goals because Bitcoin is the best investment for the long term if done with discipline and have a strong belief that Bitcoin will definitely give us great benefits in the future and I believe that.
sr. member
Activity: 1022
Merit: 363
October 31, 2024, 05:55:34 AM

That's a good tip though everyone has a point and a reason why we're DCAing. And one way to monitor or at least get more encouragement is through checking the price regularly. When it is not advisable to check the prices regularly is if we are at the bear market when you're just mostly on hold position and don't accumulate, so it pretty much don't have difference at all.

Monitoring and cheeking the price of Bitcoin regularly is a traders mindset since if you are investing for a long time purpose three is no need trying to cheek the price of Bitcoin regularly before accumulating Bitcoin and also for investors using the DCA strategy you won't have much need cheeking price of Bitcoin when you can accumulate Bitcoin either weekly or monthly regardless of it's price and continue hodling for long when the price is also at dip it will give you the opportunity to accumulate more Bitcoin.

Imagine the stress you can get for continuous checking of the price, that's why I don't really recommend this to be done by people especially if they are serious to deal with their long term investment. Negative sentiments and bad market movement could potentially affect their decision making.

So to avoid committing mistake that they might regret later on much better if they pay attention on their accumulating and proper budgeting than doing unnecessary price checking. There are lot of things to happen on the market and we should never let our focus get destroyed by unwanted matters. If there's a chance that we can accumulate at the dip then its good but it will be more fine to us if we stick to our plan and accumulate whatever bitcoin price show up.

hero member
Activity: 546
Merit: 516
October 31, 2024, 05:52:16 AM
That's a good tip though everyone has a point and a reason why we're DCAing. And one way to monitor or at least get more encouragement is through checking the price regularly. When it is not advisable to check the prices regularly is if we are at the bear market when you're just mostly on hold position and don't accumulate, so it pretty much don't have difference at all.
Monitoring and cheeking the price of Bitcoin regularly is a traders mindset since if you are investing for a long time purpose three is no need trying to cheek the price of Bitcoin regularly before accumulating Bitcoin and also for investors using the DCA strategy you won't have much need cheeking price of Bitcoin when you can accumulate Bitcoin either weekly or monthly regardless of it's price and continue hodling for long when the price is also at dip it will give you the opportunity to accumulate more Bitcoin.
Sometimes checking the price is not a sign that the investor wants to sell because there are several other reasons why an investor would want to check the price. He might be employing the method of buying the dips which require the investor know when the dips happens to be able to execute the order. You will agree with me that the volatility of Bitcoin is high such that if could cover a big range within few days especially during a period of strong news release. Under this circumstance, the investor might decided to keep tab of the price so he could maximize any opportunity to get into the market, of which I do not see anything wrong here.

Monitoring the price might not always be an indication of someone that wants to sell at the sight of profits because there are more pressing factors that can make an investor sell off his Bitcoin such as not making adequate preparations for emergency funds and investing beyond budgets. These are the real factors that lead to sudden sell offs rather than checking on the price on daily or probably weekly basis.

In the WO mega thread there is the Chatbuddy that updates the price of Bitcoin regularly so anyone active in that thread will always know the price of Bitcoin regularly. Some of the participants there are the OGs who started investing Bitcoin early enough yet they still keep tab of the price not because they want to sell but just for the fun of it.
legendary
Activity: 2898
Merit: 1823
October 31, 2024, 05:31:21 AM
Everyone wants to be profitable. But currently a pump in Bitcoin has shaken the thinking of about 60% of DAC holders. Those who started holding DCA at $38k now have a clear portfolio of around 50%. And they decided not to continue the DCA, but to dissolve it. If you can afford to run DCA, I'd say it's smarter to run DCA rather than lighten your portfolio. Because experts say to continue DCA hold till next cycle.


I believe for those people, they could still continue to buy every small DIP/discount now that it's becoming VERY obvious that Bitcoin is back to surging to ATH after another ATH.

JayJuanGee, is this the actual moment where we could truly say that Bitcoin will NEVER crash below $50,000 again?
But I'm not going to say it out of avoiding any "superstitious events". Cool

Quote

So let us wait for a maximum ATH of reality without thinking


That's probably going to be $300,000 per Bitcoin this cycle, and that's not my most bullish prediction.


The situation really looks like you won't be able to see Bitcoin at 50k unless a "black swan" happens. But I'm sure everything will be fine. It's very funny how we discussed in early October how likely it was that it would become another green UPtober, and now Bitcoin is a few hundred dollars away from the old ATH (it seems like Binance has recorded a maximum of 73.777).

Lets continue to accumulate according to DCA. And someone can say that now is the maximum of price, but soon it will be the minimum, we have 100k ahead.


That definitely would be "IT". I want to say that I'm confident that it won't happen, but a "Black Swan" is actually something NO ONE could truly predict when it will happen. Perhaps we should pray that "IT" will happen when Bitcoin is in a price point where the "crash" will be at six digits. Cool

Ser, read the post again, and please get the actual context. What I said was, from the viewpoint of a normie and/or a person from the traditional banking system, Bitcoin might be considered a "Ponzi" by those people like how we Bitcoin HODLers consider shitcoins.

Plus from a another, more controversial viewpoint, Bitcoin is ACTUALLY a "Ponzi", but a sort of naturally-occurring "Ponzi" LIKE GOLD.

A Ponzi scheme? Bitcoin is far from it and should never be considered such by any reasonable person.

Being used to fiat is not a valid reason for anyone to play idiocy on a fact. Does Bitcoin pay A and deny payment to B? Or it uses the money of A to pay B etc, just like a Ponzi scheme? Certainly not. Bitcoin is a currency, but in the form of a decentralised crypto network, that's the only difference it has with fiat currencies. If the government allows it to have full rights and potential, it will help the people more than the fiat currency.


No, I never said it's a Ponzi "Scheme" with an entity on top running the "Scheme". Get the whole context. Bitcoin, like Gold, is a naturally-occurring Ponzi. It's simply a market that was boot-strapped by a community that values the asset.

 ¯\_(ツ)_/¯

BUT, Bitcoin does have technical features that ARE VALUED especially by some groups of people that are in need of censorship-resistance.
full member
Activity: 182
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Better days are close
October 31, 2024, 05:30:28 AM

That's a good tip though everyone has a point and a reason why we're DCAing. And one way to monitor or at least get more encouragement is through checking the price regularly. When it is not advisable to check the prices regularly is if we are at the bear market when you're just mostly on hold position and don't accumulate, so it pretty much don't have difference at all.

Monitoring and cheeking the price of Bitcoin regularly is a traders mindset since if you are investing for a long time purpose three is no need trying to cheek the price of Bitcoin regularly before accumulating Bitcoin and also for investors using the DCA strategy you won't have much need cheeking price of Bitcoin when you can accumulate Bitcoin either weekly or monthly regardless of it's price and continue hodling for long when the price is also at dip it will give you the opportunity to accumulate more Bitcoin.
sr. member
Activity: 378
Merit: 285
October 31, 2024, 05:14:24 AM

Plus from a another, more controversial viewpoint, Bitcoin is ACTUALLY a "Ponzi", but a sort of naturally-occurring "Ponzi" LIKE GOLD.
I don't agree with this that bitcoin is a naturally - occurring Ponzi like Gold or whatever. Gold is a natural resources that is used only for the production of other economic goods. Whereas bitcoin don't occur naturally. Bitcoin is never a Ponzi no matter how anybody view it. Bitcoin is an invention, bitcoin is a technology that was invented by someone or group of people to solve an existing problems, that was perceived in a world where everything seems to be centralised. Bitcoin doesn't occur naturally, so how can something that doesn't occur naturally be said to be a natural Ponzi. I don't know more about Gold and how it works because I don't invest in it. But bitcoin was invented to solve real life problems, aside from the profiting aspect of it. I don't know if Gold solve any real life human problems, apart from the economic value that it holds.
sr. member
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October 31, 2024, 02:53:42 AM
I think a DCA folk should focus on accumulating bitcoin regularly rather than focusing too much on the price so that he doesn't get hit by the investment-destroying tendency called FOMO. An investor can reach his desired point by holding bitcoins and running for a few cycles regularly. I've noticed in bull markets that people aren't showing much inclination to sell. Through investment advice with experienced Bitcoin investors around me, I understand that most target holdings above $100k.
That's a good tip though everyone has a point and a reason why we're DCAing. And one way to monitor or at least get more encouragement is through checking the price regularly. When it is not advisable to check the prices regularly is if we are at the bear market when you're just mostly on hold position and don't accumulate, so it pretty much don't have difference at all.
Are you investing in bitcoin out of FOMO, or are you just in on bitcoin for the short-term profit? Because I don't know how investors will be more encouraged by checking the price of bitcoin regularly. Since bitcoin is a long-term investment, we should always use the money we do not need for 4-10 years to invest in bitcoin so that we will not be worried about our bitcoin investment or being in a hurry to sell off our bitcoin just because we aren't encouraged enough. Even though we don't encourage investors to time the market so that they can accumulate bitcoin in the bear market, I want you to know that the bear market is good for accumulating bitcoin, and it allows investors who have money to accumulate bitcoin in the bear market to accumulate more bitcoin at a low price, which helps to increase their bitcoin portfolio.
sr. member
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Let love lead
October 31, 2024, 02:20:28 AM
Ser, read the post again, and please get the actual context. What I said was, from the viewpoint of a normie and/or a person from the traditional banking system, Bitcoin might be considered a "Ponzi" by those people like how we Bitcoin HODLers consider shitcoins.

Plus from a another, more controversial viewpoint, Bitcoin is ACTUALLY a "Ponzi", but a sort of naturally-occurring "Ponzi" LIKE GOLD.
A Ponzi scheme? Bitcoin is far from it and should never be considered such by any reasonable person.

Being used to fiat is not a valid reason for anyone to play idiocy on a fact. Does Bitcoin pay A and deny payment to B? Or it uses the money of A to pay B etc, just like a Ponzi scheme? Certainly not. Bitcoin is a currency, but in the form of a decentralised crypto network, that's the only difference it has with fiat currencies. If the government allows it to have full rights and potential, it will help the people more than the fiat currency.
The difference between Bitcoin and fiat spans above just being a digital currency and they're as follows:
  • Transparency: Bitcoin transactions on the Blockchain are recorded on public ledgers and made accessible b to everyone, but such can never be said about fiat
  • Security: The Bitcoin network is much harder to compromise unless the error comes from the investors pattern of handling his coins
  • Anonymity: Using a decentralized wallet, your transactions on the Bitcoin network can remain untraced to the sender and receiver.
  • Value: history has proven that Bitcoin is a valuable asset as compared to fiat which loses its purchasing power consistently
  • Regulation: Bitcoin is not owned or regulated by anybody, hence you can use your Bitcoin without governmental interference as against Fiat which is fully controlled by the government
From the above, it's seen that Bitcoin is much preferable to hedge funds than fiat and the government are fully aware of it's potential no doubt. But they're just afraid of not being able to control and regulate it themselves.
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October 31, 2024, 01:34:59 AM
Everyone wants to be profitable. But currently a pump in Bitcoin has shaken the thinking of about 60% of DAC holders. Those who started holding DCA at $38k now have a clear portfolio of around 50%. And they decided not to continue the DCA, but to dissolve it. If you can afford to run DCA, I'd say it's smarter to run DCA rather than lighten your portfolio. Because experts say to continue DCA hold till next cycle.


I believe for those people, they could still continue to buy every small DIP/discount now that it's becoming VERY obvious that Bitcoin is back to surging to ATH after another ATH.

JayJuanGee, is this the actual moment where we could truly say that Bitcoin will NEVER crash below $50,000 again?
But I'm not going to say it out of avoiding any "superstitious events". Cool

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So let us wait for a maximum ATH of reality without thinking


That's probably going to be $300,000 per Bitcoin this cycle, and that's not my most bullish prediction.
It's tough to say for sure , the market (Bitcoin) is really volatile and it might seems Bitcoin has established a strong base. The future holds so many possibilities and who knows we might just be on the edge of greater heights.

Investors  should always take advantage of every moments that arises because those moments when you think prices are too high might turn out to be opportunities you wish you had seized and also Those dips can really feel like missed opportunities, especially when you look back and see how much the price has changed. The market is uncertain it can change rapidly and what seems like a peak today could be a stepping stone to even higher prices in the future.
Investors can't take advantage of every moment that arises in Bitcoin because not every time the dip happens they will have money to buy the dips. There is no need to be worried about taking advantage of every moment that arises in bitcoin because the DCA strategy has you covered, and it will allow you to seize most of the opportunities that will arise in bitcoin. Even though you don't have enough money left to buy the dip when it happens, do not worry; with the DCA strategy, you can accumulate bitcoin even when the price is increasing or decreasing, which will allow you to be consistent in accumulating bitcoin and also take advantage of the market.
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Those who were hesitating to buy during the dip at $48k - $50k few months ago might be regretting now. It just shows how unpredictable the market can be, who would have thought that seeing Bitcoin below $50k again would seem like a distant possibility. Regardless of what bitcoin price may be, our steady accumulation puts our investments on the right direction because the future holds so many possibilities of which bitcoin holds a lot of potential
Did you check the price of bitcoin yesterday before you made this post? Any investor who buys the dip at $48k and $50k will never regret his action because the price of bitcoin is way above $48k and $50k today, which the investor will be happy for seizing the opportunity of buying the dip at $48k and $50k. 
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