I agree with some opinions about DCA where there is nothing you need to think about other than your focus on buying Bitcoin on an ongoing basis where you buy BTC regularly every week. No need to do it aggressively but just adjust it to the same budget as you did for your first purchase. With DCA, you don't need to worry about the price going down because while you are still in the accumulation stage, the price drop is a big enough opportunity to continue buying Bitcoin.
You can focus on investment targets every year because I have implemented this where the first year goes quite smoothly and that way we can focus on the following year. Bitcoin can change your life if you are smart in investing in Bitcoin. The meaning of being smart is holding it for the long term without being burdened by thoughts that haunt you.
Plus it's also very important for the newbies to know that it's better to concentrate all of their capital on one asset that's NEVER going to go away, and that's Bitcoin. Those "traders" who buy and sell different altcoins/shitcoins will definitely have a harder time finding which narrative is the current one to "trade" because the market this cycle is VERY dispersed. There's simply more and more cryptocurrencies and tokens listed in more and more exchanges, centralized and decentralized, under different sectors.
Because it is so dispersed, I believe it might make many of them surge in smaller and shorter durations.
Exactly. There is a need to stay focused, because whether you are able to invest $10 per week or $100 per week, you are going to really end up diluting your investment if you are fucking around with various shitcoins that may or may not perform.. and the chances of them performing is surely not good.. especially if we consider both upside and downside.. and if we consider places to invest for the longer term such as 4-10 years or even longer.
Plus plebs like me who are just starting during this cycle should be with an attitude that any "life-changing" amounts of money can't be earned in merely one cycle. For the 90% of us participating in Bitcoin Land, it will probably take three bull cycles, or probably more. Plus to those people who are willing to risk it by participating in some shitcoinery, do it where the market is denominated in Bitcoin. Do it in Bitcon DeFi, it might be one of the biggest narratives during this cycle.
So yeah the timeline can take a really long time, and three full cycles is not unrealistic, if we consider that you are accumulating BTC the whole times and you may have started out without a lot of resources, and perhaps your discretionary income is not very high... so it may well take way more than 3 cycles, since in traditional investing it can take 30-40 years to really make progress, and if you are able to cut that in half to be able to make a lot of progress in 15-20 years, then you are likely way ahead of where you would have had been with a strategy that did not include bitcoin.
I am not sure what you mean by bitcoin defi, except if you are suggesting that guys need to be careful about any of that stuff, then I will agree with you. There are needs for normies to be striving for simple and straight - forward strategies to accumulate bitcoin without any bells and whistles and from time to time to move their accumulation levels to private wallets that they maintain in a secure way... if there comes some time that guys might want to fuck around (trade or play with various yield and/or leveraged products), then if they could at least limit their exposure to such likely gambling behaviors to 10% of their bitcoin holdings, then at least they will be attempting to satisfy their curiosities within some moderation that is less likely to cause them to be recking their lil selfies.
Plus plebs like me who are just starting during this cycle should be with an attitude that any "life-changing" amounts of money can't be earned in merely one cycle. For the 90% of us participating in Bitcoin Land, it will probably take three bull cycles, or probably more. Plus to those people who are willing to risk it by participating in some shitcoinery, do it where the market is denominated in Bitcoin. Do it in Bitcon DeFi, it might be one of the biggest narratives during this cycle.
well, it depends on how much you've been able to gather at the end of each circle and whether or not your goal is to gather as much as is needed to ensure
you don't necessarily have to work once you've sold off your holding.
If you believe that a smart person should spend 10 to 20 years investing in bitcoin and then sell it off in order to get into fiat, then you must either be retarded and/or you are failing to recognize and/or appreciate the long term HODL value of bitcoin - especially once you have spent enough time accumulating it and becoming empowered by the strength of its value storing/appreciating capabilities - even if there might continue to be decently large amounts of BTC price volatility, anyone who believes that s/he is planning to get out of bitcoin is likely not even investing into bitcoin, and is failing/refusing to actually understand bitcoins value proposition and/or the likely ongoing strength of its investment thesis.
It's good we make it plain that the reason why you're accumulating or investing in Bitcoin will not be the same reason why the next person is doing his and this will go a long way in shaping how he goes about with his investment and how long he desires to hold and remain in profit before selling his holding.
Again.. you can do whatever the fuck you like, but you don't really seem to understand bitcoin very well if you think that it would be prudent, smart and/or practical to plan to sell large amounts of your BTC whether it is for consumption purposes or for investing into other kinds of assets/currencies.
Of course, there are ways to maintain and to manage your BTC holdings that could involve some selling, but planning to sell large amounts of it seem to be failing/refusing to appreciate what bitcoin is.
For a young guy who's receiving some stipends from his parent while in school and decides to put them into doing regular DCAing once the money comes in, he can decide to work with just investing for a single circle or two circles and take out the proceeds of his investment into starting an entrepreneurial business of his own and as long as that's his purpose of investing in Bitcoin and that he has archived that purpose, then he has made a good investment journey.
There is nothing wrong with starting a business, but there still might not be good reasons to sell large portions of your BTC in order to accomplish such.. .. but hey, yeah to each his own.. .. You are free to employ your seemingly short-sighted plan to potentially go from better to worse all that you like. None of us can necessarily persuade you that you might be employing your capital badly if you consider selling all your BTC for such a purpose to be a wise employment of capital.
By the way, don't get me wrong.. There surely can be a large number of needs that normies have to invest into themselves, their skills and/or their education in order that they can move up the income ladder and also to increase their earnings whether that is from having their own business or working for someone else who is willing to pay more when you have gained and attained certain skills, education and experiences.
I know that generally speaking, what puts you at a better profit margin is basically how long you're able to continue stacking and how much you've been able to stack within such period of time but if the resources are available, a guy can use two circles to stack way more than what another person will be able to stack within four to six circles if the latter use a DCA amount that's not big enough so in essence, it's not just about staying too long that gives you good profit out of your investment, it is actually accumulating as much as you can within a stipulated time frame and then selling when you've reached your investment. If you've reached your goal by just accumulating within a single circle or two, you will still be in profit and if you can still go longer and continue accumulating along the way, it will still put you at a good advantage.
There is some truth in what you are saying, even though I still get the sense that you are a bit naive in terms of how you plan to deploy any advantages that you may well end up getting by having your BTC in profits, yet in one sense, you are surely correct that a guy who is more aggressive in his accumulation of BTC may well end up in a way better place than a person who is more conservative and even some guys might be accumulating bitcoin with very little commitment.. so in some sense the more aggressive that you can be in terms of accumulating bitcoin, including potentially having decently large portions of your income going into bitcoin and also cutting down on your expenses a lot in order to accomplish such aggressive levels of BTC investment, then you may well end up having much better performance and being able to cut down the number of cycles that you would need to be in bitcoin in order to achieve similar or better results than a guy who is way more whimpy and reserved in his bitcoin investment..
so yeah think about a guy who might be able to invest more than 25% of his income into BTC as compared with a guy who is ONLY investing around 1% of his income into BTC. .and the guys might also be in comparable income levels but the guy investing more than 25% would have decent chances of having 25x greater profits as compared to the whimpier guy (assuming that the whimpier guy is not investing into other things that might off-set the results..
Of course some balance may well be needed in life too.. so each person has to figure out various kinds of balances in regards to his health or building family and relations, so sometimes, a guy could damage himself if he is being overly aggressive in his investment into BTC if he otherwise sacrifices some areas of his life and/or well-being that should be maintained and/or built.. which sometimes also costs money to accomplish those other balancing things.
Anyhow and in any event, a guy still may well end up achieving a lot of value and price appreciation in his BTC and wealth, and so then he has more options to carry out other goals.. but that still may well need to be balanced in terms of how much BTC to cash out of or even varying ways to adjust the BTC holding strategy based on potential desires to diversify out into other investments and/or consumption after achieving greater wealth because of earlier aggressiveness in his BTC investment and approach to BTC accumulation.
Those who are ready to invest new time should know that it is better to invest their capital in a place where the probability of loss is very low. Newbies are greedy for money and invest in Shitcoins. There is a lot of risk and short term hold in the market, but I would say it is best for beginners to invest in Bitcoin. Because there is no possibility of losing money if you invest in Bitcoin, because the money of all investors who have invested for a long time is safe. So if you want to invest in cryptocurrencies and want to keep your assets safe then it is better to choose Bitcoin.
You may be correct in your various points and/or your conclusions FinePoine0.. but I would be careful in terms of expressing these kinds of matters in terms of such black and whiteness, especially since it is surely possible to lose money in bitcoin, including that you could lose up to 100% of your bitcoin investment.
Those who are ready to invest new time should know that it is better to invest their capital in a place where the probability of loss is very low. Newbies are greedy for money and invest in Shitcoins. There is a lot of risk and short term hold in the market, but I would say it is best for beginners to invest in Bitcoin. Because there is no possibility of losing money if you invest in Bitcoin, because the money of all investors who have invested for a long time is safe. So if you want to invest in cryptocurrencies and want to keep your assets safe then it is better to choose Bitcoin.
Newbies have this mindset that crypto is a get rich quick scheme, which is not. Maybe they will learn it the hard way. Either case as we grow older in this market, we will learn when to buy, or when to start to accumulate and maximize our profits in the future.
Best time to buy is bear market, although if we are going long term, we can do DCA as well. So it's true, the best way to buy and accumulate is during the dip and just be a holder. That is the best strategy here, HODL as much as you can and then time the market
and sell when we are in a bull run or at the top of the price or near all time high.
We are not talking about trading in this thread.. or even selling.. so you sound like a trader rather than being an investor.. which seems to not be what we are talking about in this thread.
That article is not bad in order to flesh out what is DCA and why and how to employ DCA - however, it seems to a bit incomplete in terms of getting into some of the nitty-gritty in regards to why weekly DCA might be preferred, but also reasons why a person might choose to alter the time period and choose a different time period.
It seems to me, that it would be good to establish weekly as a kind of default - best practices when it comes to bitcoin DCA investing, especially for the newbie.. .. yet of course, even a newbie may well need to figure out some other kind of interval in the event that his cashflow situation might be somewhat irregular and also if he is trying to figure out various aspects of his financial situation related to emergency funds, reserves and float.. and surely the idea of "financial situation" addresses some of this, but it is way too vague in order to really give us some ideas regarding how a guy realistically should be figuring out how to delve into either initially establishing his BTC position and/or getting into some kind of a 6 month plan that might be adjusted after the first 6 months or perhaps extended another 6 months if it seems to be working well in terms of balancing his getting to some kind of initial BTC stake and then continuing to work on BTC accumulation goals... that might be more difficult to put in place in the beginning but may well become smoother after the guy had spent a year or two investing, whether weekly or some other suitable interval between BTC purchases.
[edited out]
This is quite right. No one of us can predict what price of Bitcoin will be in coming weeks or months. It's best to set some target value at which you will buy
or sell Why do you feel some kind of a need to try to be fair and balanced in terms of talking about buying and selling, when we are
not talking about selling in this thread.. ..
The emphasis is in this thread is to figure out and to compare and contrast ways to accumulate BTC.. and selling is not part of the more basic BTC accumulating strategies... so fuck selling in terms of describing it as a basic strategy - absent if you have already reached your accumulation goals and have already overly accumulated BTC and have actually gotten past your buying and accumulation stage of your BTC journey, which is the topic and emphasis of this thread.
because we don't know what exactly is price is coming weeks or months. Today price is $70k and what price will be month after we don't know.
200-WMA is good indicator for us to make a decision about when to buy. When 200-WMA and spot prices are close then it's good time for accumulation.
Yeah, but if you are new to bitcoin, then anytime is good to buy. .and so it might take a whole cycle before a BTC accumulator might start to get into extra strategizing around something like the 200WMA.. yet sure, sometimes, we might come to bitcoin and actually already see that BTC prices are at, near or below the 200-WMA and we might be able to recognize some extra motivation to become more aggressive in our BTC accumulation strategy than what we otherwise would have had been.
You still have to figure it out, and you have to figure out how to use the tool to your advantage. I surely am not recommending guys start to use the tool when they have not stacked enough sats and when they have not over accumulated BTC. So guys have to come to a kind of over accumulation status when they start to use either the basic aspects of the selling portion of the tool and especially if they are going to use the selling in advance portions of the tool... A guy could end up selling way too many BTC too soon if he does not even have enough BTC in the first place.
https://bitcoindata.science/withdrawal-strategy is not loading data at my end. Is it only me who getting this error or you also can't see the page not loading the data.
Yeah.. sorry about that. Bitmover is working on it, and hoping to get it resolved soon... perhaps within the coming days..
Bitmover provided a status update in
this post from yesterday.
Edit: Upon further reading of the posts of the thread, I see that bitmover already responded to address this matter..
Yeah, but if you did not have any BTC, then how are you going to know to wait before you buy?
Even if you started buying
$100 per week of BTC on December 19, 2017, by now you would have had invested $32,700 and you would have accumulated 2.66 BTC (currently worth about $186k), so you would be right around 5.7x in profits... so there is no reason to be greedy or to be trying to second guess these kinds of matters. The main thing is to get the fuck started and to establish a position, and surely a guy with 2.66 BTC is in a good place right now, but he still might feel that he does not quite have enough and he might feel that he needs to continue to invest at $100 per week or maybe even to be more aggressive in his weekly DCA amount.
It was mid of 2017 that I first came to know about Bitcoin and it took me few years to buy my first Bitcoin and only a year ago I got mature enough to know that real benefit of Bitcoin is in DCA. I am DCA now and it will take me few years to get adequate number of Bitcoins.
https://dcabtc.com tools provide previous data that motivates us to invest in Bitcoin in DCA manner.
Of course, it is better late than never in terms of your own decisions to become more active in regards to investing into bitcoin with DCA and even perhaps in a somewhat regularly aggressive kind of way, instead of what seems to be your inclinations to try to time you BTC buys, which may not really do you any favors until you get to a certain higher point of your BTC accumulation.
So yeah it would be difficult for any of us to really know if another person is being sufficiently aggressive enough in his BTC accumulation and/or if he is otherwise employing strategies that are sufficiently suitable and tailored to his own circumstances - as in the
9 factors that I had outlined in one of my earlier posts.
Many of us likely realize that many newbies to bitcoin and even guys who are in their earliest of stages of BTC accumulation will become overly greedy and/or overly risk taking because they believe that they are too late to accumulate bitcoin and they think that they need to make up for the time in which they had not been sufficiently and/or adequately stacking sats and/or when they might have been employing inferior techniques in regards to actually accumulating BTC. So, from my perspective, if you are really getting into regularly stacking BTC (sats) and you have some sufficiently aggressive measures in place, then you are likely going to be quite a bit ahead of both normies who are economically similarly situated as you and also ahead of another version of yourself who had not decided to aggressively stack sats.
and yeah sometimes it can take 2-3 cycles or even more to really achieve a meaningful amount of bitcoin and/or wealth, and surely there are some disadvantages in regards to some of the BIGGER financial players coming on board and offering efficient on boarding avenues to a lot of folks, institutions and governments who would have otherwise not been ready, willing and/or able to buy BTC (referring to the ETFs), and so yeah, BTC's price is quite likely going to continue to be driven up due to these kinds of ongoing short-term price pressures.. which drives up the price for any newbies coming into bitcoin and might even cause some of the newbies to either not invest into bitcoin or to even sell bitcoin that they have because they wrongly consider themselves as either too late or they believe that they might be able to sell and to buy back more cheaply.. which surely are dumb and/or ill-informed kinds of perspectives in regards to appreciating bitcoin's current and ongoing value proposition.
So yeah, it is going to continue to take a lot of normies a long time to get into bitcoin and an overwhelming majority of them are going to end up having to buy bitcoin quite a bit down the road and at quite a bit higher prices than current prices.
