Topic: Buy the DIP, and HODL! - page 476. (Read 123090 times)

When we're discussing being confident in knowing where Bitcoin is headed, how can you feel certain when the market is always volatile in real time? Truth is nobody can be completely sure about where Bitcoin's price will go, but they can make predictions based on strong evidence.
I whole heartedly agree with you on this, The best time is always NOW, there is no best time. I literally acknowledged that this is a common advice to DCA. A lot of people are still sitting on the sidelines and are waiting for a bottom confirmation and there’s nothing wrong with that. If you’re sitting out trying to time the bottom, maybe rethink that and layer in.

Doubts and fears are very natural, and it is the nature of every human being. It is not a problem as long as we do not fall into that fear or doubt and make us never move to start collecting bitcoins in our portfolio.

It is interesting to read your words regarding "I believe that no time is wrong for an entry point to accumulation some Bitcoin" because even if that is true then an investor who buys bitcoin must hold it longer, unlike when they buy during a price decline. For example someone who buys when bitcoin hits the last ATH, then how long does it take them to be able to turn their portfolio into a profit? here requires a very strong mentality to be patient to hold it, because if not then they will be frustrated and sell it at a much cheaper price.
Not everyone can do that, especially if they're someone who doesn't have a lot of patience.

I'm happy that the website I shared will be of use to you. And really, the website you was using has only options to select only years in accumulation tab.

Calculations really were difficult but basically you were trying to explain three stages which you explained before first is buying at dips, doing DCA and lump sum. And based on different factors like what are the goals of one person to achieve with his investments and how much he is trying to hold and how much savings he has at the start. Such factors will drive him to select any of the two options (DCA or Lump Sum) and in you example he had $6k out of which he lump sum $2k and DCA $2k and saved $2k for dip. Thanks for all the explanations.

One more thing which I have learnt from your explanations is "Emergency Funds" are necessary like aggressive investing in BTC will definitely end up investor in bad situations. So, I will also keep the Emergency fund allocation in mind. Thanks a lot for all the details dear.

ha-ha, No No, I will not blame anyone because I am/will be the one who is responsible for my own acts. As I am a conscious adult, and I do know (to some extent) what might be good and what might be not. And One of my cousins used to say: "Only Listen to what other says never act upon their words instead use your own mind to make decisions." And I am using that formula in my life from very long ago.


Got the point dear, as you said, you do no need to do rebalancing because your portfolio is increasing (means you do not intend to keep your portfolio constant instead you just doing DCA and increasing it).

Got it.

I am happy you achieved your targets but after reading your reply I began to think You must be one of the top 1 richest people in the world as you have such an entrepreneur mindset, and you must have gained a lot from BTC and other diversified portfolios. One of my friends have that investing mindset, He always says do not rely on one investment or one source of income, instead we should expand our income sources. And I was like Ok, to be honest I even motivated by him to some extent. But after seeing how much you must have gain even not knowing your age, not knowing your agendas etc. etc. I am really inspired by the way you think to enhance money. And you must have a lot of patience too because many just wanted to become rich overnight.

Then you should really read them back as I will be very honest with you here, that you use a lot of words to explain things while you know could be done in lesser, but I can understand the optimism and love you have for others to learn. I pray you will grow more with that mindset.

PS: I did not read the Thread you provided till now, but I have bookmarked it and will go through it. Thanks for that too.

I think it's a different strategy and it can't be confused with DCA.
The DCA that I know is not like that although it is also one of the strategies by selling from the profit that you have from the previous purchase price but this cannot be equated with DCA because I think it is very different.

It is not wrong when we sell some and wait for the bitcoin to correct so that we can buy it at a lower price but this concept is not synchronized when talking about DCA and long-term investment.

The picture explains the fear and indecisive most investors are having on Bitcoin price movement right now, This is the fear of getting curt by Bitcoin price if depreciating more against there entry point, so I believe that's the reason why most investors are actually wanting to be sure on the Bitcoin direction before accumulating for there portfolio.

But to me I believe that no time is wrong for an entry point to accumulation some Bitcoin because is a very potential coin and the future is bright so the possibility of enjoying your investment in the future is certain but that's for long time holding because there is no way you will accumulate some Bitcoin now and expect it to sky rockets immediately.

Surely, I would not want to "make it current," and I am only attempting to fix it for the time in which I wrote it not for anything that might have happened or might not have had happened... that would be really bad, in my thinking to be engaging with those kinds of edits.

In my JJG investment ideas thread, I have been update those 4-5 opening posts with current information, and then I try to show the edits.. but it is getting a bit unwieldy.. like as if I almost need to start a new thread rather than updating those 4-5 OPs.


I would not change any post to change my predictions.. those for sure will just stay, even if I am wrong.. but surely sometimes (or maybe even frequently) it might be a bit ambiguous what someone might be predicting.. but I would not not even feel right to go back and change any of those kinds of posts that are not written clearly.. especially once a few days have past, and I almost never substantively edit a post once someone responds to it.. unless I add an edit comment at the bottom, which may or may not say when the edit was carried out by me.


I know that I have already attempted to explain this several times, and my tendency is to project out my cashflow for 6 months minimum when I was younger and financial aspects of my life were more simple or maybe up to 2 years if there are several complicated things going on in terms of variation of expenses and/or incoming cash.

If you look at your history and you also try to project the future maybe you might be able to get some kind of a solid grasp that your income might vary between $700 per month (worse case scenario) and $4,000 per month best case scenario, and the vast majority of the time you are receiving around $1,500 per month give or take $300.  You could project it all out based on the worse case scenario, but probably it would be more realistic to project it out based on the lower end of the general pattern, which would be $1,200 per month, and then perhaps you might just keep some extra reserves for times when the cash flow is less than $1,200... So if you also know that the amounts of your ability to invest into BTC are going to be vary based on these, then you should be figuring out your minimum amounts to DCA based on your projection of minimums.. whether you choose that to be the $1,200 or the $700 and then of course, you would then be able to add the higher amounts in a kind of manual basis.. or maybe you wait for the whole month to pass before you conclude how much extra that you have, which could be using the extra amounts from prior months to be budgeted into the subsequent month rather than in the month as they are happening, which has a kind of net effect of your maintaining a higher cash reserves.

There is quite a bit of flexibility in these practices, but I think that one of the main keys is trying to figure out ways to calculate based on minimums rather than mids or even averages, which seems more likely to get you into trouble and stressing during the points when you end up overdoing it when you calculate in overly optimistic ways.. related to your cash coming in and your expenses.



I was trying to give several classes of cash that comes in, which includes regular cashflow and then variations on the investment formulas and also presuming that you mostly knew what the minimum amounts of the twice a year bonuses... so of course, the more that your values are not known, then the more that you should be attempting to plug in the more conservative estimates into your regular practices and then maybe manually adding the additional amounts after you see them come in rather than your projecting of them... so there could be some categories that range between $0 and $4k for any particular month, and in those cases, you might need to be more cautious and use the $0, even though you might keep some extra cash reserves and count the $0 in a kind of conservative way that you know that you can cover based on your having had kept a cash reserves, and whether you might feel comfortable counting the $0 as $200, $500, or som e other amount, including a higher amount is within your discretion regarding how much you are trying to make sure that you do not over do your estimates in such a way that you cause yourself to have to cash out of bitcoin at a time that is not of your 100% own choosing...

It would be a tragedy if you are figuring everything out and doing everything right, but then not realize that you  are gambling because there might be no way for you to recover from some kinds of cashflow events that could end up lasting for 4-6 months and you had calculated the worse case scenario as only 1-3 months.


Just to make it clear, we are not referring to diversification into shitcoins, but instead into various other traditional asset classes such as property, equities, bonds, commodities and cash (or cash equivalents).

Other wise I think that you are correct Dimitri94.. including that someone like me was able to afford to be more aggressive in terms of how much I put into bitcoin because having those other assets was a kind of a back up security blanket. and even the diversification is not 100% going to protect you from volatility and/or even liquidation events, but there is some protections in having other kinds of investments, especially during periods of price crashes that might end up disproportionately happening in one of the assets (such as bitcoin going down 80% or so while the other investments might not have gone down even close to that much.


You do not need to diversify when you first start investing, because you will likely end up diluting your investment, and it may well take way more than 10 years to get to a point where diversification starts making sense. 

When I say that I did not diversify in the beginning, I am talking about the 80s and 90s. I probably started diversifying in the late 90s and more so in the 2000s,, so by the time I got to bitcoin in late 2013, I already had more than 25 years investing, and was diversifying in the 15 years or so preceding my getting into bitcoin, and bitcoin ended up adding one more thing that I had speculated to not to be correlated very closely to other kinds of investments that I had at the time that I got into bitcoin.

So for sure there is quite a bit of discretion regarding when diversification might start to make sense, and I had suggested that maybe you need a certain amount whether that is $10k or $20k or maybe 50% of your annual income or maybe even 1-2x your annual income.  People are not going to decide at the same points, and surely I believe that newbies are mislead into stupid ideas about the value of diversify when they hardly have shit in their investment portfolios, and they would be better off just focusing on one, two or three things (and maybe one of those is cash and another is bitcoin), and then once they get to 50%, 100% or 200% or whatever threshold that they believe makes sense, for them, then at that point, they might start to see some value in diversifying beyond those 2-3 initial categories that they choose, and again I am not referring to diversifying into shitcoins, even though some people might want to get into shitcoins, and I would caution them to not be investing more than 10% of the size of their bitcoin holdings into shitcoins... but hey people are going to do what they are going to do because shitcoins might be the only thing that they believe that they can afford and they also might think that their $10 per week needs to be diversified.. which is just dumb on the face of it to be fucking around with shitcoins when you already have a small amount, and even $100 per wek is not very much to be fucking around with shitcoins or diversifying in any other way besides bitcoin and cash.


I think that you just confused the idea to suggest that diversifying is necessary for beginners, when it likely is not... It's a dumb shitcoin talking point... that is designed to contribute towards either loss of money or dilution of bitcoin investment based on distractions.


They may or may not be diversifying depending on how much extra discretionary cash that they have to invest into things beyond bitcoin.. Businesses sometimes do need to invest in things that might be outside of their kind of business, so that might be adding too much off-topic complications to what we might be trying to discuss related to bitcoin building and accumulating.


We are not talking about selling here..except incidentally.

We are focusing on accumulation techniques and long term buying, not selling...even though I know that incidentally we are kind of crossing into a bit of selling discussion, but selling is not the thrust of what this thread is about..

When buying bitcoin you have a target and you will not make a mistake not to utililize any opportunity seen in bitcoin market, because everyone who is bitcoin billionaire today purchased bitcoin years back when bitcoin price was very low in price and hold until the price increases before they can sell their bitcoin. Everyone good investors always utililize any steps made by bitcoin. Buying at dip is where profit will be easily make and if you buy higher and sell when the price of bitcoin is low you will lose, so it's good to buy when the price is low and sell higher so that profit will be made and for you to have such you have to hold your coin and be waiting for a bullrun

Like in some cases we have seen whereby some came into the discovery of this platform while they were busy hunting after other bounties and altcoins from different platforms and they got to see a recommendation to this forum, it doesn't end there, we have some that have started with altcoins in cryptocurrency and have nothing in bitcoin being invested on, but later they got to realize the way forward along the line and make their decisions right back to the bitcoin network, everyone has a little way of how they can present their own story on how they started from, it something i know that going through JayJuanGee own side of the story is alot of things to write about and others could learn from, we get inspirations sometimes from the experience our leaders and those ahead of us had past and becomes an inspiration for us.

In the investment platform portfolio diversification becomes vital role when an individual faces substantial adversity. When someone experiences a major obstruction, they can realize the importance of diversification. In businesses heavily rely on a single asset any of the moment can face bad consequence, Many may not have the strength to control themselves at that moment. However, if I allocate my assets in different baskets, even if one basket is destroyed, my other basket will support me that's why it's prudent to consider diversification.

From this perspective, @JayJuanGee certainly made a wise decision. He diversified a portion of his assets in Bitcoin. This diversification strategy not only help him to stabilized his assets also he is benefited.

Through you, we are getting to know this matter earlier in that case we don't need 10 years. Considering this aspect, we can certainly be ahead in the matter of diversification. I have seen several businesses owner who are making decent money from their profitable businesses but are investing their little money in bitcoin. It is no problem to realize that they are diversifying their portfolio.

You have extensively explained DCA approach right from when I started following you. I must say the knowledge you shared are highly appreciated. I am happy to have learnt that wonderful concept that solved my emotional obstacle and gives me the calmness and confidence I needed to survive in this journey. Seeing my portfolio rise in quantity on a pee-determined rate that does not care about the market condition is something I am excited as I know for sure the future looks bright for Bitcoin.

One aspect I have not figured out is if it is possible for someone that does not have regular cash-flow pattern to apply DCA. By this, how will one be able to execute a time-bound DCA when it can happen that some months or weeks you will have huge cash flows while in some months or weeks you will not experience same. I am speaking from the angle of an entrepreneur that have money based on when he is able to secure a contract. You there are chances you cannot completely know when you will hit a jackpot. 


Reading down more into your post, it seems you already cleared some part of my inquiries above even though there are still grey areas. I don't know if you are suggesting that a person with could just DCA any lump sum he receive if he does not have a  cash flow that is does not have a regular pattern. However, if this is not what you are implying, then I would still love to know the best method of approach for someone whose cash flow does not follow a regular pattern; how to apply DCA for such a case.

It was actually quite a smart decision you made going for Bitcoin because sometimes in life focussing on a particular thing to me is not always advice able, in my country were I came from there is a native saying that putting all your eggs in one basket is very risky because if it fell down all the eggs will be broken and one will be left with nothing, so is always good to have other source of investment even if you have a stable portfolio there will come a time when the need to extend investment will come, so reffering back to my school days when they thought us a theory called Theory of Need Authored by Abraham Maslow, he stated that no matter how stable someone is the need to diversify your portfolio to some other things will always come.

How to use the BTC DCA tool
How to use this Bitcoin Investment Calculator
To use this BTC DCA crypto calculator, you will need to follow these steps:

1st point:
Input your investment information: The first step in using this BTC DCA crypto calculator is to input information about your investment goals. This will typically include the amount of money that you want to invest in Bitcoin, as well as the frequency of your investments (such as weekly or monthly). This BTC DCA crypto calculator may also allow you to input additional information, such as your risk tolerance or the length of your investment horizon.


2nd point :
Generate your DCA plan: After you have input your investment information, this BTC DCA crypto calculator will generate a plan for how to invest using the DCA strategy. This plan will typically include the amount of money that you should invest each period, as well as the total amount of money that you will have invested after a certain number of periods.

3rd Point : Use the plan to guide your investments: Once you have generated your DCA plan, you can use it as a guide for your Bitcoin investments. You can use the plan to determine the amount of money that you should invest each period, and track your progress over time to ensure that you are staying on track with your investment goals.

4th point:  Monitor your Bitcoin investment: In addition to using your DCA plan to guide your investments, it is also important to regularly monitor the performance of your Bitcoin investment. You can do this by accessing your investment account and viewing your Bitcoin balance and trade history. This will allow you to track the value of your investment and see how it is performing over time.

Source link

Got the point here, As JJG also tried to emphasize the same thing before, and I got this point from there already but thanks to you too as conditions are not same for everyone as I do not know what the conditions of your country are but the conditions here in mine are too bad. Political leader are next lever corrupt people and those who raise voice are put in jail even our Ex-Prime Minister is put in jail and those who went against that case also put in the jail. TBH things in my country got out of hand. But still, the party which put all of them in jail are now enjoying in UK.

Enjoying their time with girls, point is they could do whatever they want but at least they should provide a voice of freedom. Not to mention media is their pet. Well, I think things are going off topic here as I do not know if I should discuss that much about my country. But my main point was to say things are not easy here and as JJG was saying he has done aggressive accumulation back in 2014 and 2015 and If I was aware of the BTC at that time then it would be easy to accumulate them in compared to this time.

Overall, I did get the point that Lump Sum need big money while DCA could be done using small amounts too, but DCA took long time to book profit while in Lump Sum we could also make instant or quick profit in shorter time.

Not only you but everyone of us need to lay back a d take a read through some of our posts in the history to see where we need to make so.e adjustment and editing a few things to make it fit into current discussions and realities.


Some bitcoin investors have missed the last market sell-off where Bitcoin gave an around $4,000 or so discount from its previous price in the last few weeks, that was another opportunity to buy more and wait for the dip to be over to be at an advantage when the price will move above it present price., most of them that failed to take advantage of the market to buy more are now waiting and anticipating for the price to fall further for them to buy in.

Well I went back to that link that you originally provided

which is this one:   https://dcacryptocalculator.com/bitcoin  ^**

**By the way, To get quick examples of how DCA might play out over several years, I had been using https://dcabtc.com/ and it allows comparisons of bitcoin to gold and equities... but it ONLY allows selecting 9 years at a time (can pick the start date in order to go back further than 9 years and so accumulation period would therefore select the end date but cannot do less than 6 months or even to custom select dates on both ends), so I might start to use your website a bit more, especially if I am wanting to select a time period that is more than 9 years or if there might something that dcabtc.com is not allowing me to do.

I wanted to try to figure it out in regards to when the lump sum investments would have had been made, and surely if you assume too much about when the lump sum investments would have been made, then you might not be reflecting reality both in terms of when cash might be available to anyone and then strategically when the person might choose to deploy the cash that he does end up having available.

Part of the reason that I like to provide some kind of a hypothetical that would involve a newbie to bitcoin, we try to deal with the facts in which that newbie is just coming into bitcoin, and whatever his situation is at the time is what it is, and sure, he might be able to go through his finances and figure out exactly how much he is able to invest into bitcoin, or he might have to go through his finances and figure it out.. which might be a bit of a moving target based upon how his conviction (or lack thereof) might end up changing with the passage of time.

So I am not sure if we can use you as an example Dictator69 because your timeline is so damned short.. I mean you ONLY have a few months registered on the forum.. and so maybe we should make up some other hypothetical that has a longer timeline.... even though that has its own problems in terms of already knowing what the price ended up doing.

O.k.  Fuck it.  Let's do a tiny bit of a compromise scenario that will hopefully allow me to attempt to make the point regarding times in which lump sum amounts might come available.  So let's just randomly pick the last year, and suggest that our hypothetical bitcoiner has been into bitcoin for 1 year.

Let's say that he begun investing in bitcoin last August or perhaps September 1st, to make it a nice round number (date).  He started investing in such a way that he had been studying BTC for several weeks maybe even several months, but at some point near the middle of August, he decided that he had to spend some time figuring out his finances so that he would know how much that he could invest into bitcoin, and maybe he even created a one year plan.  Surely whatever he figured out in August is not going to be the end game, because when he started investing into BTC, part of his decision involved that he would continue to study it while he was investing into it, but the very first thing that he did was to figure out his own situation so that he could get started as soon as possible... setting up accounts or establishing some ways to source his coins (and maybe even looking into other ways, but at least has a place to start to buy regularly).

Let's say that this guy is in his mid to late 20s, so he had already been working for several years and he had some savings.. Not a lot, but he had saved up around $6k that he would like to put all of it into bitcoin (over the next year-ish), he has an income that is around $18k per year, so he has already saved right around 1/3 of his annual income.. which maybe we can imply that he is able to extract around 10% to 15% of his income to make it investable, and he already has somewhat of an emergency fund in place but he knows that he has to add more to it.. because it is only about 1-2 months of his income and he figures he should have more than that in his emergency fund.. all great so far... so if he has between 10% ($1,800/yr or $150/mo  $34.62/wk)  and 15% ($2,700 yr  or $225/mo, or $51.92/wk) then he likely has a cash flow expectation and he has a lump sum that he can choose how to allocate.

He might also already know that about two times per year, he has extra money that comes to him.. perhaps around $1,000 each time (maybe in December and in June), and if he is very strict with his finances, he could inject all of that extra money $1k each time into BTC.

So now I gave enough of the parameters of the hypothetical so there are various ways that we could plug all of them in.

With the initial $6k that he already has, he could choose to lump sum $2k right away and then plug $2k into DCA ($166/mo or $38.46/week) and/or and another $2k into buying on dips (has to figure out the increments and or the spread for that.. maybe $100 for 20 orders every $500 will get him down to a dip of $10k, and of course, he could spread it out more and then just add value to the buying on dip amounts from time to time as money comes in.. but he can project out his whole year for the buying on dips allocation based on what he has figured out for his budget of how much he can put into it )...

When the $1k lump sums come in, he could divide those into three also.. maybe each time he would consider them as 6 months so he has $333.33 lump sum $333.33 ($55 per month or $12.82 per week).

So he could employ these and budget them in advance and then if the numbers end up changing (such as his bonus are slightly different) or some other things change, then he can make adjustments along the way, but he could start right away with amounts that account for each of these categories, and the amount in his budget weekly ends up getting divided into DCA and a buying on dips reserve. and he had to figure out how much to allocate to each.. but he has all the numbers figure out which would be a weekly amount of about $85.90 ($34.62 + $38.46+$12.82) for the 10% scenario, and $103.20 ($51.92 + $38.46+$12.82) for the 15% scenario.  He could do 50/50 for the DCA versus buying on dip, or he could do some other amount that he might consider to be more preferable.  I would probably suggest 50/50 to get used to it and get a feel for it, and then adjust later accordance with how it is working.

Ok. when I started to type this, I was thinking that it was going to be easy, but I can see how there might be some difficulties to figure out the numbers because there are several calculations, and many times we might end up getting  ballpark calculations of these numbers, but if we overly budget how much we put into BTC (and surely if we get distracted into shitcoins) then we might not have enough money to cover everything and we may well end up screwing up our budget because we failed to adequately plan for emergency expenses and we were attempting to be too aggressive with the amounts that we were putting into BTC.


Well, don't be blaming me either when you end up losing all of your money.  


I don't really believe in that rebalancing mumbo jumbo, but of course, there are going to be times in which you might have to figure out the extent to which you have investments in other things besides bitcoin and cash.

Sure you could start with bitcoin and cash, but if you get to 1, 2, 3, 5x your income, you might start to consider whether you might be overexposed to ONLY bitcoin, and that is your own judgement.

When I came into BTC, I already had a pretty decently well diversified portfolio that included at least property, stocks and bonds, and I did not have too many commodities, and I figured that my getting into bitcoin was going to serve some kind of variation of that part (I thought of bitcoin as a kind of gold at the time I got in and/or a substitute for gold, so I never did buy any gold or gold exposure).

So in some sense all of my investments, before I got into bitcoin were  already enough to sustain me if BTC went to zero. so each person has to decide for himself/herself the extent to which s/he needs to own other things.

When I first started investing I did not diversify, so it can sometimes take 10 years or more before you are getting to a level in which you might feel that you need to diversify.  Actually my last charts in this post shows how I have just tended to allow BTC to ride and I did not reallocate out of bitcoin... so as of mid 2022, according to that chart, I was 63% bitcoin.. so it shows going from 0% bitcoin to higher amounts and a lot of that is mostly just changes in the prices of the assets, and bitcoin has grown better than my other investments which have largely had very modest growths and I did not really change those other investments very much.


Well the aggressiveness is to first try to establish a position in bitcoin, so for the first 6 months I gave myself a budget and tried to comply with the budget, and the after the first 6 months, I extended another 6 months, so by the end of the second six months, I had pretty much spent both of those budgets and then at that point I tried to reassess where I was, and that would have been around 10% of my quasi-liquid investment portfolio was in bitcoin, so I figured by that time I had met my target - even though when I started in late 2013, I was not aiming to get to 10%, but by the end of 2014, I figured out that I reached a point in which I thought that I largely had enough BTC, which was the 10% idea but it did not stop me from continuing to accumulate. even though I think that by late 2014 and even all the way to late 2016 I was in a kind of fuzzy transition between accumulation and maintenance.. which I largely consider myself to have had been in maintenance since  - even though there is still some ambiguity because I still accumulate, but it is not really much of a overall mindset of mine and I tend to think of myself in various forms of maintenance since late 2014 being weaker maintenance and then by late 2016 a stronger kind of maintenance... I suppose that they are each categories of maintenance but some differing kinds of ways to deal with it in terms of how I was engaging in the maintenance.. which also has to do with living life.. and figuring out where to get money from.. and to largely let the bitcoin continue to mostly ride.


I came to BTC because I was already looking for something to supplement the stuff that I already had, and one of the things was that I had a 401k and I wanted to try to invest into something that within about 10 or 15 years might be able to be of equal size as the 401k that I already had..and at the same time a kind of hedge against the dollar a kind of gold.. and so that brought me to bitcoin and instead of taking 10-15 years to match my 401k, it took only a few years to do that.. probably by mid-2017-ish


There might be some needs for me to read back through some of my most recent posts to fix some ambiguities.. but I don't tend to edit anything beyond a few hours out or maybe if someone merits a post and then I see the post and as I am reading through it, I see some things that are needing to be clarified... usually trying not to change anything I said but sometimes I find that what I wrote is not very clear when I read back through it.

Inflation is really eating up people's savings globally. Before now, the supposed smart guys who have huge cashflows invested in fixed deposits and treasury bills. It is really depressing for many of them who just realised that even though their investment increased in number, it has actually depreciated in value by more than 50%.

One motivation I have about bitcoin is that it takes care of this inflation and provide us a way of escape. Those of us who have our savings in bitcoin have been proven to be the smart guys indeed. I have the optimism that bitcoin will grow soon so instead of loosing 50% of the value of my asset, I will even be gaining considerable percentage of my money.

Ok I got that, and I did not get into accumulation yet as I shared my situation before with you on this same thread. Well, but if I compare the mindset I had back when I was new here with the mindset I have now, I am more confident about BTC thanks to this thread and specifically to you. (not buttering as members started to criticize in humorous way in WO). And I will start to accumulate BTC soon and I will share the stats with you. But to clarify, I got your point here and from maintenance, did you mean rebalancing? Like first you did aggressive accumulation and then you started to maintain your portfolio is that what you mean by maintenance.

Well, if those normies are taught by a person who have the 20 years of experience then those normies also hold the 20 years of experience. Well, technically that's not possible and I know that but metaphorically a normie who taught or got lessoned from a person having 20 years of experience at least say that I have that much experience but still I am really impressed that you are into investment even before BTC and I think that's why you must came to know about BTC too.

PS: Well, if you do not mind how old are you? You can ignore the question too and I really wanted to know how you got into BTC.
I mean you are talking with many members on different topics and writing that long replies to everyone, even if forget sometimes what I have said to someone so before reading the replies I try to read mine first. Hehe. TBH, I have short memory and I can bet you don't have that problem. And that's a good thing. But still repeating is Ok for me and I appreciate as you could also ignore it as it could save you time but repeated it.

Maybe this is what I quoted.

So for your explanation maybe a little bit good but in this mindset maybe we won't think about options on how we should sell.  lol

I think the argument we have in mind is to buy and hold and not to sell in a short timeframe. This means that the money we invest in the DCA strategy is cold money that we don't use for our living needs. So in this case we can carefully manage at every stage to make a purchase. Apart from that, we do have a high commitment to hold on in the long term, let's say it will be around 10 years.

Got the point and of course when I used that tool (calculator to calculate DCA) I select the frequency first to week and investment to $10 only and I was on lose according to that tool when I set the start date of 2 months ago. Well, the point is the frequency of investing in BTC by doing DCA do provide us the benefit that if we do not have enough funds to invest all at once.

Means, let's say if the investment become $5k by doing DCA and if we have enough funds at the start then we might have preferred to do Lump Sum. But as I do not have that much money at the start so I should prefer to enter the market with less too. I totally got the point here too. And also, I think one might not like DCA while other could.

We need to consider that we will not always have a large amount of funds ready at once, so in this case DCA is possible. Although not all of them are like that, most people, including me, are always constrained by financial conditions and it will be very difficult if they buy btc in large quantities at once so by thinking about things like this, I prefer to make gradual purchases with the time and amount I want beforehand.
This is in order to maintain our consistency in making purchases and in order to maintain the financial condition that we have from income to remain stable and the purchase of bitcoin does not affect the expenses we make every month.


Hey, I don't really agree with saying about the ease of DCA because if we feel DCA and without careful calculations beforehand, such as not having a rule on the amount to be purchased every week / month (in DCA), it will actually make you hassle and stop your DCA because you are wrong. in taking action especially in managing the amount of purchases made.
Apart from that, maintaining consistency in DCA requires struggle and not everyone can do that.

A few things about knowing how to actually buy or sell when we are in DCA, if we really want to be consistent within a certain time frame, we don't think too much about the price when buying, because our commitment is DCA. When the time is set to buy, then use that time. When investing, especially for the long term, we are aware of what to do when and where we will stop, so it won't be too disruptive in the near term, and I'm also not too interested in selling in the near future, especially during DCA.