Holders have been using this method for a long time, whether they are day traders or long-term traders. And we have also seen that it is effective, and this is also where traders usually make money. Especially if we know how to feel the right timing of buying and selling.
Especially in times like this with bitcoin halving approaching next year and surely many hope that Bitcoin will really reach the price that most people expect it to be or that it will reach the price value of Bitcoin, which is at least 100k$ in the market, I just hope that the majority will not be disappointed, because until now, it still remains speculation.
What method are you referring to? DCA has nothing to do with trading whereas DCA only focuses on accumulation regardless of price, traders are obviously different and they just want to be fast whereas the focus of this thread is how DCA strategy and its management over time.
We can look at the topic of this thread, and we can see that the thread is not about DCA - even though DCA ideas have kind of taken over the topic of the thread - perhaps because it is a bit of a superior idea over the idea of buying on dip and holding (or even the ideas about buying on the dip)... but we are not necessarily going to agree about which methods to use to accumulate BTC - even though many of us, including yours truly assert that trading and/or selling to accumulate more bitcoin is not a good strategy for newbies, even though it could possible work for people who have been in bitcoin longer and they figure out ways to get ahead of the BTC price.. but at the same time, part of my problems with those folks touting out trading strategies in order to accumulate more BTC is that they are frequently acting as if anyone can just jump into trading and "obviously make more BTC" by trading rather than sticking with the more basic and even better strategies that involve various ways to accumulate BTC through various forms of buying and including HODLing if you happen to end up running out of money to buy more BTC.
You don't need to be disappointed if you believe the price will be $100K, what will be disappointed is too focused on thinking about price speculation while you ignore the more important accumulation just to say that, if you feel you still have time before the halving arrives then do the DCA strategy now even if it is still a little longer, but that time should be used to accumulate as much as possible and the longer the better.
So yes increasing you DCA now because you believe that the BTC price is going to go up is a forum of buying on dip, so it is not necessarily strict DCA, but surely depending how anyone might carry out their DCA it still could considered a fairly pure form of DCA in the sense that we might want to increase our DCA during certain times because we are striving to get to a certain DCA allocation faster. .so then maybe once we get to our target DCA level, then maybe we can modify our approach after that.. ..
Let's say for example, you have a $100k investment porfolio, so your target is to get your BTC portion up to 15% based on your own investments into BTC (rather than merely BTC price appreciation), so if you might just be starting out investing into BTC you might be feeling a bit stressed because even if you invest $100 per week, it would take you nearly 3 years to get to $15k, and you have a kind of feeling that you get more BTC right now for that $15k because you get the sense that the BTC price might be going up in the near future.. so whether you are just strarting now or maybe you already started a few months ago, but you might decide to try to invest $3k per month into BTC so that you can reach your $15k invested into bitcoin within about 5 months. Some people have abilities to be more aggressive like that based on their own financial circumstances, and sure we could still call that investing $3k per month over the next 5 months to be an engagement in a kind of aggressive and/or front loading DCA strategy.. and then maybe once the person gets up to the target, then maybe after that they resume a less aggressive BTC investing strategy, whether that is $100 per week or some other amount that they consider to be within their discretionary budget and the balancing of how much they want to invest into each of their various investment assets (and no, I am not referring to investing into shitcoins in terms of anything that anyone should be considering as part of a long term strategy, unless it is less than 10% of the bitcoin amount.. and while employing precautions along the way in terms of which shitcoins.. instead other investments might well be stocks, property, bonds, commodities, and/or cash/cash equivalents... again not shitcoin.).
The stupidity in “blockchain technology” land. But this is very BULLISH for Bitcoin. Headlines like this is an example that more dumb money will go to shitcoins, then Bitcoin. Buy the DIP, and HODL.
Cardano will probably is not the next Bitcoin because there are better options there but Cardano is not a shit coin. Shit coins are coins like Dogecoin, ShibaInu, Internet Computer (ICP) coin, etc...
Don't be retarded.
Of course, Cardano is a shitcoin.
Stop trying to create a hierarchy regarding which shitcoin is less worse.
All altcoins are shitcoins that creates a token. Bitcoin is different than those, even though it has its own token.. but it is the one that created a paradigm shifting method of sound money. .and the bitcoin tokens help to establish the various incentives around bitcoin in terms of its mining and the various
seven network effects as were outlined by trace mayer.Because we are not merely “investing”, and if you ask me, HODLing Bitcoin is something every individual should do “just in case” you need to utilize Bitcoin’s main value proposition. Censorship-resistance. It is something you think you might not need, until you are forced in a situation that you might need it.
What's the point of HODLing bitcoins? Do you think that if we all hodl, the value of coin will go up? Why do you expect increased demand on bitcoin in case of hodl when there are alternative cryptocurrencies? There is no point to hodl money, money has to be in circulation in order for new products to be created and for services to be done. That's how this world works and functions.
Apparently, you do not understand ideas behind bitcoin in terms of sound money and even Austrian economics in contrast to keynsian economics.
You may well be so emeshed into keynsian economics that you believe that is the only thing that works in terms of how incentives are created and also the time-preference factors of money.. so for example, if someone ONLY were to accumulate and hoard bitcoin, and if such person no had any other kind of money or assets to spend, such person would have to spend his/her bitcoin if s/he would like to eat/drink, provide shelter for him/herself and various other costs of living...including buying the IPhone 15 rather than not having any phone because his/her Iphone 11 broke... yet if such person has lesser valuable kinds of money to spend in order to buy such wants and/or needs, then s/he is going to spend those lesser forms of money first, prior to spending his/her bitcoin in the same kinds of Gresham law dynamics that already exist in the world.
you think that people are going to stop spending money and hoard their bitcoin. .that's bullshit. they are going to spend it.. especially if they feel that they need to consume now rather than later, and if they try to consume later, they will be dead... so there are surely preferences to consume now instead of holding onto bitcoin, as I already describe.. the real way that the world works and functions rather than your made-up, misleading and fantasy keynsian economics mumbo jumbo.
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What? Hahaha. OK, are you saying that in a recession environment and during a phase when the Federal Reserve and other Central Banks around the world are fighting inflation through Rate Hikes and Quantitative Tightening, WHICH will also cause phases of monetary DEFLATION = It's a biased take to say that there's a higher probability that prices of stocks and commodities, many other assets could crash?
I doubt that I am saying that, even though I am saying that you are likely not as unbiased and objective as you are striving to put yourself out to be.
IF you're saying it's "biased" merely because it was I who posted it, then that's ad hominem, ser.
Do you believe it can be possible?
What are you talking about?
A lot of things are possible, and I suppose even Wind_FURY and I are largely arguing about the extent to which BTC is coordinated to various macro-factors, and I am disputing with his view that bitcoin price has to dip, even if various other asset classes end up dipping.. and another thing is that bitcoin might dip, but it might go up first, so that when it ends up dipping it is not necessarily dipping in a correlated way, even if some folks are going to continue to presume and proclaim that bitcoin is correlated and other nonsense like that.
It is so sad that we do involve the government and other political happening here in this discussion and how it has affected the stock and commodity markets.
It is your choice the extent to which you want to involve government and political happenings in your discussion about whether you believe bitcoin prices are going to dip, and you may well end up getting shouted down for being a dummy... but you are free to raise them..
Another thing, a lot of the more active members in this particular thread are preferring to figure out how to manage their own bitcoin stacking plans, and perhaps trying figuring out ways to possible increase the amount of coins that they might be able to stack, and so trying to figure out what government and politics might do may well ONLY be a small part of whatever factors each of us are considering.. .and maybe even a bit of a distraction, even though you are free to raise such points, like you already did.
and how Bitcoin is no exceptional will crash.
Maybe it will and maybe it won't..
Good luck if your vision is ONLY in that one direction, you are likely going to need such luck - and probably you don't even understand bitcoin anyhow.. or perhaps you don't see that there might be some potential opportunities to buy bitcoin if there does end up coming some kind of a major dip (that you consider to be a crash)... but it is not even close to guaranteed that such a crash/dip will end happening.. even though some folks like to focus on such pie in the sky ideas... frequently no coiners, bitcoin naysayers, shitcoin pumpers and/or government/financial institution shills.
I know we are in a bear market in which multiple geo-political/ economical events are highly fueling the fire in dropping the price of Bitcoin.
Who said we are in a bear market? You are trying to suggest we are in a bear market for some kind of a reason?
I see a BTC price correction from $69k down to $15,479, and then I see a recovery after that.. so a bear market would presume that the bottom is not in.. which is surely starting to seem like a long shot now.. but we could well be in a transitional period between bear and bull.. so people are not really clear.. but it is far from certain that bear market is the correct definition regarding where we happen to be at this time, even if you have fantasies in that direction.
Without doubt i am getting to believe that people who talk about economic bla bla matters are the ones who are tired of holding and buying more bitcoin because its obvious that this factors have their advantages as well, the price of Bitcoin which is low, now good to buy even more at least a lot of average persons who has keen interest will be able to afford and accumulate some good amount at this period.
Well, at least you recognize this part. which is that bitcoin seems to be in a good place right now in terms of current BTC prices.
Even a lot of people are holding risky altcoins that may never recover from the crash and they still believe it will go up, tell me why should we lack confident in Bitcoin because of mere economic factor which has been there from the start of life.
You make some decent points here.. even though who really cares about shitcoins.. especially in this thread, but your points about bitcoin in this last section seem reasonable.
