Getting to higher amounts does seem to provide more options, but surely only if we continue to figure out ways to make sure that we are responsible in the ways that we are growing, preserving, and then perhaps later spending from our investment portfolio whether that is strickly BTC or if it might evolve into the inclusion of other assets over the years in terms of ways to give us a sufficient level of confidence in regards to when we do start to feel that we can either draw upon the funds for expenses or other ways of maintaining the wealth and making it functional in terms of our own needs once such wealth is achieved..
- For me, it doesn't matter which investment or accumulation method I choose, as long as my mind remains at peace. This is essential for long-term investments,
Your ways of choosing how to accumulate bitcoin is surely within your discretion, and some of the ways will work out better in terms of balancing finances and/or psychology.. and so it could take a bit of time for you to narrow down on what is best for yourself, since it seems that sometimes a person might not build a lot confidence in himself/herself in terms of finances and/or psychology until maybe after going through a whole cycle... yet of course, you are in the better position to make those kinds of assessments.
Of course everyone has their own way that they think it would be better to do or apply to their bitcoin accumulation, I will not prohibit or even blame them because of course everyone has their own control over what they do, and also of course hopefully you apply the best way and also hopefully you have really proven that the method is indeed good and effective after considering from various sides, try you can form a good financial and psychological balance with the method you choose.
Yes, but it is still not necessary to figure out all aspects of your financial and psychological balance in advance, and newbie normies will come to bitcoin with their own pre-existing financial and psychological balance, and sometimes the strategy that is chosen can complement and/or work well to bring them to a better place after 3-4 years of investing in bitcoin and perhaps tweaking their strategy along the way. Bitcoin is likely going to be a learning process for almost anyone who comes to it newly, and they can choose how much time to spend studying it, and they can also choose to get started as soon as possible, which is what I tend to recommend to almost everyone. Get started right away, and adapt long the way, too.
One of the actions to make us more confident in terms of finance or psychology before finally getting involved in accumulation in my opinion by understanding everything in bitcoin, if your perspective is completely positive on bitcoin along with the potential and risks that are there then I think do it, start your accumulation, allocate what you can be responsible for whatever will happen, make the best plan that allows it to be profitable, prepare good management according to you. although yes I understand there will always be concerns in but you will never feel the benefits if you don't try / get involved in the investment.
I agree with almost everything that you are saying here, but still I don't believe that there is any need for figuring out what is "best" even though there can be quite a bit of advantage to getting some matters in order, but no need to let perfection delay any of us in the practice of just getting started, and being able to improve as we go, and sure maybe the plan will never become exactly perfect but when the plan is tailored to what a guy/gal believes to be his/her situation, then it is likely that it is a pretty good plan, but at the same time our situations are likely continuing to change in terms of our cashflow, our view of bitcoin as compared to other investments, our timeline, our risk tolerance our other investments, our time, skills and abilities to tweak our practices and or to employ other strategies, and so we may well need to adapt from time to time to make sure that our strategy is sufficiently tailored to what we believe our situation to be. .and sometimes we might even have some troubles assessing our own situation, so the passage of time involved in investing will likely help us to tweak our strategy in ways that are more customed to our own finances and psychology...
So even myself, i had more than 20 years investing in various kind of investments prior to bitcoin, but when I got into bitcoin, in 2013, I had several times that I felt like I was needing to adjust and reassess, and even there were times in which I let some of my emotions and/or some of my personality traits get in the middle of certain dynamics, and I had to learn from my experiences how to fix what I was doing so that I would not make similar mistakes in the future as I had made, and sometimes I did still make similar mistakes, but I would like to believe that I have gotten better, but I am not so confident that I am not going to continue to make mistakes from time to time.... and I don't even want to give myself a free pass, but there are sometimes also ONLY so many things that some of us want to change, even if we might identify some areas in which we might need to make some changes (or at least that changes could be made and could be beneficial).
Bitcoin investors do not need the technical analysis in Bitcoin when they want to invest in Bitcoin, the important thing that a Bitcoin investor needs most is just a good strategy and an amount he/she can invest daily, weekly or monthly.
Analysis is all about trading and other stuff that are related to trading, so if an investor is accumulating Bitcoin then there is no need for the investor to divert to Bitcoin trading, why? Because the investor will not have time to hold his/her coins anymore, more especially when the person is getting little profits from it
Also, trading likely puts a person in the wrong kind of mentality in terms of really focusing on accumulating more bitcoin rather than fucking around trying to figure out which way the BTC price is going to go in the short term which may well be nearly impossible beyond a kind of coin flip. .and so why be gambling with investing money when the fact of the matter ongoing buying and even engaging in various techniques to strategize buying opportunities may well work out a lot better in terms of both maintaining a buying mentality and also knowing that whatever happens, you are stacking more bitcoin even if some of the sats might cost more than others.
Hodling Bitcoin for the long term is not the same as trading it. If your main goal is to hold onto and gather as much Bitcoin as you can, learning about the technical analysis of Bitcoin might not be necessary. It's not a bad thing to learn, but it might make it challenging to save and hold onto your Bitcoin for a long time if you're constantly using your funds to trade, and trading involves risks with no guaranteed profits. Someone investing in Bitcoin should focus on securing their funds as that's the most important thing every Bitcoin investor should understand.
Maybe what you said is quite correct because if they are long-term Bitcoin investors they don't need any tactics in chart analysis strategies to make Bitcoin purchases because they can buy gradually with DCA at each stage. Another thing like what Saylor has done is where he doesn't care about the price because he buys and accumulates BTC in his portfolio. Apart from that, the most profitable purchase is of course to wait for the price to dip and hold for the long term as in the main discussion of this thread.
Every Bitcoin investor, whether they play in the long term or short term, definitely wants to achieve big profits on the investments they have made so far. I think basically those who bought at the $15K dip of course they have made quite a big profit from this rising moment. Maybe the big dream is $100k in the next few years and all of that will be a big win if the holders are able to hold BTC until BTC reaches $100k.
You still seem to be assuming some kind of need to sell your BTC, and sure i have no problem with members who develop strategies to sell some of their BTC at various points as the BTC price rises, but stil does not necessarily mean that there is a need to consider any kind of a target BTC price as if that would be triggering some kind of larger level sales of BTC rather than just merely shaving off BTC from time to time, whether the price is at $100k or 5$50k or whatever, and probably at some point if BTC prices keep going up the $100k will end up being a floor rather than a ceiling.
My entry-level fuck you status chart may well not be exactly accurate but it projects $100k becoming a kind of floor price for bitcoin in late 2026 to early 2027, so it is not really that far away to be thinking about $100k as a point in which anyone should really be wanting to sell his/her coins unless s/he has largely reached some kind of a status in which s/he believes himself/her self to have more than a sufficient amount of coins and can therefore shave off BTC at any point that s/he wants to.. but not necessarily selling the whole stash but instead just selling some small amounts that might be needed from time to time..
For the average and the poor Considering 5% - 10% of your income is more better to DCA anything above that can be dangerous to your livelihood because you have alot of responsibiliy for the month to meet. Saving within these range is comfortable
Saving 30% and above of your income is good for persons with a very fat income also it depends on the individuals ,it is easier and better to invest from small and you grow bigger because investment has to do with your mindset and been knowledgeable about the business ,so it is better you save acaccording to your income and what you are comfortable with in investing in DIP and HODL.
In these ways you will be able to save for a long period of 10 years and more without affecting your monthly responsibilities.
The benchmark of how many percent of what should be done for investment, especially when talking about DCA, actually I think it can be important because of course the initial benchmark of how many percent you spend becomes a form of responsibility that must be fulfilled in the DCA plan carried out. But apart from that the important point is our ability to continue to stabilize in doing DCA because in the end regardless of the amount of your ability to spend on bitcoin whether it's 5, 10, 20 or 30 percent
everything will be useless if we can't make this consistent. This makes almost no sense:
"everything will be useless if we can't make this consistent."
I suppose when you say consistent you mean persistent.. to keep on buying BTC on a regular basis? Or do you mean that the amount needs to be consistent?
Surely some people are going to be able to make a consistent amount, but even if they cannot, if they are regularly buying, even if their buy amounts vary and maybe even they might have some weeks in which they are not able to buy, but that still might "consistent enough."
Another thing is that maybe someone might tell themselves that: "no matter what between November 2023 and February 2025, I am going to buy at least $10 per week of bitcoin, " and then maybe that same person will have knowledge that some weeks s/he might be able to buy up to $100, but if cashflows are not good, the amount might go as low as $10.
Of course, if someone is brand new to bitcoin, s/he has to start his/her plan from right now and into the future, but if someone has already been ongoingly buying BTC for 1-2 years, then the person who had already been ongoingly buying BTC for 1-2 years will have some advantages in terms of both already having a ongoingly buying practice in place, but also will have information regarding how well such system has been working to maintain cash balances and also how many BTC had been accumulated during that time and how much was spent, but now that we are in this time, there might need to be some adjustments made based on where we are at right now, and not what had already happened or had not happened, so if someone was just sitting around and watching the BTC price and might have even had had a certain quantity of money that had been set aside for bitcoin and was planning to buy on the dip, when the BTC price dips to $20k, so then if the BTC price does not seem to be dipping, such person might need to consider whether s/he might need to adjust such plan, especially if s/he had not yet bought any BTC... versus the person who had been ongoingly buying BTC... seems to be in a better place.
The point is before doing the DCA strategy you also have to be good at managing finances well so that you know where your strength lies in investing so that this does not burden and burden yourself after investing in the DCA way.
it is mostly true that at least you need to figure out basics in regards to your budget in that you are not spending more than you have available... or that you are putting yourself into a position that you do not have any financial cushion, whether that is anticipating your cashflows and/or maintaining an emergency fund. Actually both a cash cushion and an emergency fund should be considered as two different (but related) ideas that complement a persons ability to figure out how much s/he is able to invest into bitcoin whether that is aggressive or whimpy or some other amount that is mostly understood by the BTC investor/accumulator rather than random.
