Topic: Buy the DIP, and HODL! - page 302. (Read 123739 times)

I can't get you clearly on what you are trying to say but I want you to understand that the DCA method will only be beneficial to you or anyone else if you are  a long term investor, because to me right now, it doesn't really matter at what price you are buying weekly or monthly currently, the most important thing is to accumulate more Bitcoin as much as possible and put down measures to safe guard it, so that it wouldn't be spent, because when the bull run have finally come, that is when you will know that all the price you bought during the accumulating process was very cheap compared to the price it will skyrocket to.

Many investors, both old and new investors, have used the DCA method. They have felt the benefits of the DCA method. What they may forget is the time to buy Bitcoin regularly. So they need to make a special schedule or have reminders to continue carrying out the DCA method.

Investors don't need to monitor the crypto market too often. The DCA method allows you to buy Bitcoin regularly, no matter how the crypto market moves. We can try to buy Bitcoin during a dump, but the problem is that we don't know when Bitcoin will get a dump. And our only chance of collecting Bitcoin is using the DCA method.

And it's okay if we buy Bitcoin when the price is above. There are other times when we can buy Bitcoin using the DCA method when the Bitcoin price is below. The important thing is that we have allocated to continue buying Bitcoin using the DCA method.

I don't see any other alternative to DCA method to get profit from investing. If any investor wants to make profit from investing then he must adopt DCA method. To use DCA method investor should always keep an eye on cryptomarket whenever cryptomarket.  At the time of dumping, investment should be done using DCA method, if you invest in it, the amount of profit will start increasing gradually. Otherwise, if you make a wrong decision to invest, there will be more chances of loss instead of profit.

If you use the DCA method, the loss will be very less, but you should always be aware of the market. If you buy when a dumping position occurs in the market and later if you make a profit, it will definitely be credited to your wallet as part of the profit. But when you buy from high price if the market comes down then of course you will face loss and that's why you have to resort to DCA. Your investment style is right you don't invest whole money but invest according to a certain percentage, it will always save you from losses. Always you use DCA method and invest, it will be good for you, and you can get good amount of profit in future.

If a person has small amount of funds to invest then I will suggest him to invest in bitcoin as we all know bitcoin is very safe to invest. Since small funds it will be safe to invest in bitcoin instead of investing elsewhere. First invest elsewhere.  If he faces loss then he will fall in the first position. So if he wants to earn profit from small funds, he has to choose Bitcoin and invest then he can make more funds from small funds.

I have benefited a lot by investing in DCA method because when the market condition is bad I invest some and then when the market condition is good then a good profit accumulates in my account. And if I invest full amount it is very big for me.  There may be problem. So I invest some money instead of investing full money and use DCA method with the rest of the money when the market is dumping. I have more chances of getting good profit. I think everyone can use this method to get good profit.  There will be possibilities.

So it's rather exponential than in terms of multiplication, I used to think that it's kind of a doubling effect where my capital would just keep increasing, but now this is totally mind blowing, giving long term holding a stand point as the best approach anyone can have, just imagine how much people that sold their holdings earlier would be regretting now that this compounding value has reached more than 120x in just 8 years, I have never heard of any investment than can give such returns of investment in a short time.

And from the way I see it since I'm still a new investor, just 3 months in, in think I the next 4 years I would be expecting a 4x* 2 doubling effect on my holding, then just imagine keeping to the plan of holding up to 10 years or so then I would be having almost or if not more than 150x compounding value on my portfolio. I guess choosing to be a holder wasn't a bad choice at all.

Of course we have to be smart and not believe too much in some stupid arguments that give advice on buying shitcoins. We only invest in Bitcoin because it has been proven to be able to provide better resilience than shitcoins which can go to zero. Yes, you are right, ignore those who give unclear advice because currently there are lots of misguided people who come up with various ways to confuse our minds.

Investing in Bitcoin, especially with the DCA strategy, is the best way to apply it. as we can see Bitcoin is now trading at $51k and if we buy at 15k of course the profit will come to us. But I hope everyone here remains focused on continuing to hold because Bitcoin will be a very valuable asset that we can pass on to our children us in the future.

you actually advising someone with low funds to gamble with the only funds he or she had in investing in a certain shit coin. And don't forget if you have low funds and wanna invest you can try using DCA method to buy little quantities of bitcoin (not necessary you have to start investment with one bitcoin) than to invest in coin with higher risks. Is better invest in bitcoin (which is more safer) with an ensuring profit expecially when it's an long-term investment. As you keep on accumulating with DCA strategies with time you would see your portfolio getting mature and you would also see good evidence that your hard work is paying off. And you can use the remaining percentage of money in covering some expenses (known as emergency funds).

Thanks for that further clarification, and sure fair enough in regards to a potential importance that comes from trying to understand some of the technical aspects of bitcoin in order to contribute towards the potentiality of developing stronger investment conviction, and so maybe that again is helping to highlight where you and I are considering these kinds of matters regarding the importance (or lack thereof) technical knowledge differently.

It seems to me that I am placing less expectation on what people need to do or what they need to know or even trying to direct them towards learning more about bitcoin, because in part, I am having troubles appreciating why anyone really needs to know jack shit all about bitcoin in order to figure out some kind of an investment strategy or to develop an investment thesis.

There are a lot of people who are lacking in knowledge in a lot of ways in regards to a lot of things that come up in their lives, and their motivation to act may well be based on the mere fact that all of their friends are doing it.. which is likely going to be the same for bitcoin... and someone's investment thesis in bitcoin might be good enough to decide to get into bitcoin merely based on the investment thesis that his buddy Windy got into bitcoin, and whatever Windy does, he is going to do.  

Yeah, it is all fine and dandy that the guy learns more about bitcoin, but it is surely not necessary, and it is probably way more necessary that the guy learns how to manage his own personal finances in terms of making sure that he does not invest any more than his discretionary/disposable income allows, rather than his having to know anything about bitcoin beyond the fact that his buddy Windy is into bitcoin.

So, from my perspective having and developing some kind of investment thesis for bitcoin is way more important than having any kind of technical knowledge about bitcoin, but hey, whatever to each their own..  if you want to continue to proclaim that it is a good idea for normies to develop technical knowledge about bitcoin in order to be better and stronger handed investors, then that's your choice... I personally consider technical knowledge about bitcoin to be a kind of nice thing to have (or consider.. a kind of optionality) rather than anything that is necessary in order to either invest into bitcoin and/or to increase your bitcoin position size.

Of course, the more aggressive that anyone is going to be in any investment, including bitcoin, then the more likely that he is going to need to know more about how to manage his finances (such as how to make sure that he stays within his discretionary/disposable income and has decently good ideas about his emergency fund, reserves and/or float), but that still concerns his own managing of his finances, cashflow and expenses rather than having very many clues about the thing that he is investing into.

In other words, I consider technical knowledge about bitcoin to be ongoingly way overplayed by people pushing that kind of unnecessary (and potentially misleading) narrative, and maybe on my below list of 9 items, I should even attempt to deprioritize number 4 more and more..



That is really dumb.  

Fuck shitcoins.

You surely don't seem to understand bitcoin, and the fact that you are here pumping and/or talking about shitcoins is also pretty questionable, when this is a bitcoin thread, and if you want to talk about and/or pump shitcoins, then that is a topic of another thread. .since this is not a thread that involves comparing and/or contrasting which shitcoins might be less shitty, and therefore any discussion about shitcoins or pumping any one of them - which you are so vague in your comment that you don't even mention any particular shitcoin, but instead vaguely suggest that shitcoins, as a category, might have an investment thesis that is better than bitcoin in times like these - which truly is nonsense to the extent that you might be considering gambling to be a form of investing, since without further study there are no shitcoins that would justify investing into them rather than getting in and out including your vague-ass reference to shitcoins as a category to invest into rather than bitcoin, during these kinds of times.


Truely you are one lost little puppy, and likely do not even understand the meaning of the term "invest," since you are using such term in both a vague way and also in a gambling kind of way that lacks any kind of foundational principles regarding either what you are talking about, when and/or how to invest.. .and yeah, even if you are supposedly focused on the top shitcoins (presumptively using their marketcap to increase your abilities to gamble), it is like you are using the term "invest" to mean throw your dart at this wall of potentially valuable landing points (that involve "top shitcoins") and hope that your dart hits a spot on that wall of "potentiality" that is going to end up pay off. because they are already "top shitcoins.". .and since the items on the wall are kind of like bitcoin (because they are imitating bitcoin and they have been doing a good job of imitating bitcoin (thats why they are top shitcoins) and relying on bitcoin's security) the landing of your dart on this vague-ass top shitcoins wall of possibilities is even likely to pay off better than bitcoin.

For me, it's actually the opposite of what you said, because I see that the top altcoins can also sink more deeply when the market and Bitcoin don't improve in the long term. Indeed, I also don't consider the top altcoin a bad choice as long as it is only for the short term, but if someone has the initiative to invest in the long term, of course the smarter choice is Bitcoin. Because basically every investment must be carried out patiently along with sufficient capital so that you can consistently maintain it for a long period of time.

Well, in this case I don't know why you say that choosing Bitcoin is not a smart choice on the grounds that it is a highly speculative asset. In fact, any altcoin also carries quite a bit of risk because they are all highly speculative assets, except for stablecoins which are generally not an investment option for many people. But on the one hand, I also appreciate your thoughts even though I have never done anything like that if the goal is for the best investment and long-term profits.

It's not really a smart move if you're short on cash and can't afford to take the risk then putting your funds into a high speculative asset is downright risky. Your investment will not always be ideal because if you want to venture into a bullish market, you need to take risks and prepare for it by buying altcoins. A top altcoins will not suddenly sink full but your patience will lead you to the right destination. We invest in crypto only because of profit so having knowledge to pick best time and token is more important.

Every beginner is very good if they use the DCA method in investing and they only need to prepare capital every purchase date they have planned and do it consistently for results that match the target they want. Of course this will be very good for those who want to collect and hold it. over a long period of time for the benefits they desire.

Yes, it is very relaxing to use the DCA method but we also have to have a steady income so we can buy it with part of our income and it will be very difficult to do it if we don't have a special income because it could be that at the date of purchase we don't have the funds to be able to collect it so we have to miss that date.

Of course, the DCA method is the best choice among other methods for all investors and beginners because it is very easy to understand and apply, because it is simple and is not influenced by any negative factors. And it is also very comfortable to use for long-term investments and can also minimize risks due to highly fluctuating market movements.
DCA is a relaxed but sure way in terms of profits and this is real. And the most important thing is to consistently make purchases in stages to achieve planned financial goals, and if we apply the DCA concept in the long term, we will be able to meet our future needs earlier.

No ser, I'm merely telling you that investing in Bitcoin and learning its technical features about WHY it's a good investment is also as important, probably more, as taking it as an investment itself. Many newbies would probably not care, but I believe if experiencing their first -50% drawdown it would be those newbies that would not have enough conviction to HODL.

In this case you are quite right because the DCA strategy is not a foreign strategy and is widely used by those who invest in Bitcoin. I feel comfortable applying the DCA Strategy in the investments I make.

 DCA is quite good for beginners or old investors in accumulating Bitcoin.

I think the advantages of DCA that I have experienced in the investments I have made include that we are not burdened with thoughts that surround us. and there is also no pressure that makes us worry when prices fall because we always buy at every stage and continue to hold. For this reason, I think that for beginners, it is more suitable for them to use the DCA strategy in investing in Bitcoin.

You are making an error to be thinking somewhat linerally rather than in the power of exponentials.  You are getting more than 8x because you are getting 8 7^** doublings... which makes the compounding to be even more powerful to let your investment ride upon itself.

**Note: I made a mistake in my earlier rendition since the first one does not count.. it is the base starting off point.   So we start to count doublings from the second one.  

So, let's look at the historical numbers and the timeline from 2015 to present again.

1) 0) $250  (2015)                                    1X
2)  1) $500  (2015-2016)                           2X
3) 2) $1,000    (2016-2017)        2X * 2 = 4X
4)  3) $2,000  (2017)                  4X * 2 = 8X
5)  4) $4,000  (2017-2020)          8X * 2 = 16X
6)  5) $8,000   (2017-2020)        16X * 2 = 32X
7)  6) $16,000  (2017-2022)       32X * 2 = 64X
8 )  7) $32,000  (2021-2023?)      64X * 2 = 128X
9)  8 ) $64,000  (2021-?)             128X * 2 = 256X
10)  9) $128,000  (?)                    256X * 2 = 512X

You can likely see that if you are shaving off profits at the earlier stages, then you are going to eat into the compounding (and/or exponential) component in regards to how your value would have had grown through that period of time.

So in this particular factual example the guys who bought in 2015 and had a base of $250 per BTC and who did not sell any of their BTC, they would have had experienced 8 doublings that would have brought their holdings up to 256x for a short period of time during the period that BTC was priced at more than $64k, and so then their amount of value would have come back down to 6 doublings when the BTC price dropped back down to around $16k (which would have been around 64x) and then now they are currently in the supra 7 doublings that would have been 128x when the BTC prices were at $32k, and they will be back to 256x once (or if) the BTC price gets back to supra $64k, and then if the BTC  price goes above $128k, then they will get into the supra 512x territory..

So each doubling now has much much greater magnifying effects as compared to the kind of smaller magnifying effects that would have had been felt in the first few of doublings.. so the power of the doublings tend to come later down the line, so long as the asset continues to go up in value and to have a kind of persistent effect.. .. something like a Lindy effect that suggest that the longer that something non-perishable (like an idea or a technology) is in existence and maintaining itself the more likely it is going to continue to be in existence.  

Of course, the bitcoin maximalist argument would assert that the Lindy effect applies to bitcoin more than it does to various shitcoins, but the theoretical idea of the Lindy effect is not completely absent from various shitcoins, even if some of the ideas and/or innovations of shitcoins (if they come up with any that involve anything worthwhile besides scamming people) may well have decently good chances to get absorbed into bitcoin.


The investment thesis for bitcoin seems to be getting stronger rather than weaker, even though we cannot really know the future prices of bitcoin, even though we surely can theorize that bitcoin's total addressable market is right around $1 quadrillion right now, and surely those kinds of numbers are likely to increase with the passage of time, including the probable more ways in which bitcoin would be useable in a variety of future scenarios... .. yet at the same time, the levels of past performance does end up taking away from quite a bit of the likely magnitude of bitcoin's upside potential in terms of how much time it might take for bitcoin to reach a market cap of $1 quadrillion or even greater amounts, which could well take 50 to 200 years, even if it makes it to those levels, and if we consider bitcoin's reaching gold's market cap to be around a 12x to 15x price appreciation, there likely could be a lot of stagnation in bitcoin's price appreciation in the territories in which bitcoin is 10x to 100x gold's market cap.. and it could even take several cycles to get to those kinds of price points, but it also might end up ONLY taking a few years.. and so it is not necessarily easy to know, even though we likely realize when BTC prices go up, there does need to be at least enough demand for it that it is ongoingly able to sustain prices that it achieves, which is largely why I prefer to ongoingly consider bitcoin bottoms rather than bitcoin tops in terms of my own attempts to figure out how to both value my bitcoin holdings and to consider future possible values of my bitcoin holdings based on bottom prices and as reflected (and projected) out to 2074 in my entry-level fuck you status chart.


It seems that as a whole bitcoin remains one of the best (if not the best) of investments that anyone can make, even if the current upside potential for the next 9 years is likely not as great as it ended up being in the last 9 years... and surely if your investment timeline is shorter, then you are not as likely to be able to take advantage of the varying compounding effects.. but for sure no one knows, and so part of the reason why several of us (including yours truly) continue to suggest that anyone getting into bitcoin should consider it as a longer term investment of 4-10 years or longer, and so if you are barely able to consider the minimum of that range, then you might be thinking too short term, but if you are considering reassessing at various points along the way or that there is some reason that you are going to want to be out of bitcoin in 4 years, then surely that also might be able to work out for you.. and if you are starting to invest in bitcoin now or even in recent times, such as within the last few months in line with your forum registration date, then you likely would be able to take some kind of a bitcoin investment approach and also continue to investigate it, research it, learn about it and perhaps tweak your BTC investment approach as you continue to learn and to reassess your situation in light of your presumptive ongoing learning about bitcoin and learning about yourself (in the event that there might be investment related things that you might want/need to learn about yourself).

Maybe one further point in regards to compounding value versus DCA investing, if you DCA invest into bitcoin for the next 4 years, then the earlier portions of your investment would have had more likelihoods of compounding and the later portions of your investment might not have had as much time to compound, and so sometimes it can make differences if you can get more frontloaded investing in order to have potentially more benefits of compounding value, but there might not be any way to really know if it better to front load and also some people are not able to front load into any investment (including investing into bitcoin) without putting their whole financial situation at too much risk in terms of ending up gambling rather than investing... so whatever you do, you don't want to end up in gambling, while continuing to realize that it can take quite a bit of time to both build up an investment and also to start to have enough value invested into such investment that you start to see the compounding effects. .which can be highlighted by doublings.. and even sometimes difficult to see during long correction and/or flat periods, and then sometimes even in bitcoin there sometimes end up being short periods of time in which a lot of compounding happens in a very short period, which can cause a lot of dilemma for guys in terms of figuring out what to do, especially more dilemmas the shorter the period of time that they had been in the investment because it is not even necessarily clear when or if to sell any BTC especially if guys are in their earliest of BTC accumulation stages.  


Yes, sure, bitcoin is already scarce and it's issuance is already known, so yeah the rate of its new issuance is going to continue to shrink, even though we already largely know that that is going to be, so its schedule of new issuance can be somewhat anticipated and included in what is known about bitcoin, yet at the same time, the demand is likely going to continue to increase with greater and greater accustomization to what bitcoin is, and the likely recognition that is it capable of solving a lot of current real world problems that seem to be stemming from corruptible man-made centralizing dynamics in regards to monetary policies... and so yeah, bitcoin was already built to resolve those foundational problems that are wide-spread with fiat systems, with the dollar currently in the position of serving as the least shitty of a variety of shitty fiat system systems.. that seemed to move further and further away from soundness.


Let me know if you have any questions..   Hopefully it sufficiently explains what it is attempting to do in terms of showing historically how many BTC that you would have had needed to reach entry-level fuck you status (presuming $2million as default entry-level fuck you status), and then it attempts to project that out until 2074.... so it can hopefully give you some ideas regarding your own plans about BTC accumulation, if that is where you might consider yourself to be right now.


Fair enough.

It is not a given that I am always going to have words to respond to various ideas presented in this thread.. and it is even a current reality that sometimes my fingers get sore from typing.. .. and surely sometimes I do speculate that I might be repeating myself a wee bit too muchie.., and I start to wonder whether I should (or need to) respond.


Bitcoin was so niche in 2009, 2010 and 2011, and even though bitcoin continued to expand and even started to have some monetary value in 2010, it is still kind of difficult to use those earliest years as times to consider that very many normal people were even able to get involved in bitcoin.  

In recent times, I have begun to consider that maybe somewhere around the beginning of 2012 might not have had been a good time to start to count BTC's monetary properties, especially since by then BTC's spot price and 200-week moving average were not very far apart and considering $4 to $5 as a starting point seems way better than starting at zero or even to be considering those first 3 years in any kind of way that presumes anything close to publicly accessible.. .so yeah, every year since then, bitcoin has continued to expand and to gain markets.. .. but sure, people can do whatever they like in their assessment of those first few years. which from my perspective seems to skew the data way too much to include them in terms of some of the thoughts about monetary value.. but at the same time, they cannot be completely ignored. .and sure, maybe it would be better to start to count at bitcoin's first halvening on November 28, 2012, yet it still seems to me a bit arbitrary and maybe a bit better to include the beginning of 2012... just to have a bit more data in which bitcoin's monetary use cases were starting to get some grass roots expansion in that year.

You can look up BTC spot price versus 200-week moving average on this website.


To the extent that you might not be changing your position and to the extent that I can even remember what we were arguing about in regards to whether bitcoin should be considered and presented to newbies as an investment or as something else, such as a technological phenomena that is better than any shitcoin.. blah blah, blah, it could well be that we are devolving into arguments about semantics... to the extent that you are still worked up about any of my potentially lame attempts at making light of bitcoin-related matters.  

The process of the DCA method is simpler and easier for beginners to understand, just determine the time to make regular purchases whether weekly/two weeks or monthly it will be according to their abilities but this DCA strategy has become common but the most effective than other strategies, I feel how doing DCA for more than a year has a positive impact.

Those who sell in a hurry due to urgent needs may be due to lack of preparedness when starting investment with DCA, among others, they did not prepare a reserve fund for other emergencies.
But DCA is better above 5 years then the results will be even greater, but now it is trying on the way even though it is full of many obstacles and the temptation of an ever-increasing market because the desire to sell is always there, but until now it is still sticking with this DCA method.

Apart from that, the DCA method can also be used by anyone who wants to become an investor with the aim of buying Bitcoin to use as a long-term investment because this can be done by small investors and also by large investors. So it is very common that the DCA method is widely used by all investors and what is unique is that new investors are now also doing the same thing when they want to become Bitcoin investors. Although they still often wait for low prices and sell at high prices at certain moments in order to hunt for profits.

You have made the right decision in the right direction. One thing I would just advise is that you should be careful before you start over doing it and when you start over doing it, there every possibility you might get into trouble. You don't have to be so desperate when it comes to bitcoin accumulation. Buy the little your money can afford. When your finances increase you can buy accordingly.