That's a good tip though everyone has a point and a reason why we're DCAing. And one way to monitor or at least get more encouragement is through checking the price regularly. When it is not advisable to check the prices regularly is if we are at the bear market when you're just mostly on hold position and don't accumulate, so it pretty much don't have difference at all.
Topic: Buy the DIP, and HODL! - page 50. (Read 129308 times)
That's a good tip though everyone has a point and a reason why we're DCAing. And one way to monitor or at least get more encouragement is through checking the price regularly. When it is not advisable to check the prices regularly is if we are at the bear market when you're just mostly on hold position and don't accumulate, so it pretty much don't have difference at all.
Plus from a another, more controversial viewpoint, Bitcoin is ACTUALLY a "Ponzi", but a sort of naturally-occurring "Ponzi" LIKE GOLD.
I think a DCA folk should focus on accumulating bitcoin regularly rather than focusing too much on the price so that he doesn't get hit by the investment-destroying tendency called FOMO. An investor can reach his desired point by holding bitcoins and running for a few cycles regularly. I've noticed in bull markets that people aren't showing much inclination to sell. Through investment advice with experienced Bitcoin investors around me, I understand that most target holdings above $100k.
That's a good tip though everyone has a point and a reason why we're DCAing. And one way to monitor or at least get more encouragement is through checking the price regularly. When it is not advisable to check the prices regularly is if we are at the bear market when you're just mostly on hold position and don't accumulate, so it pretty much don't have difference at all.
Ser, read the post again, and please get the actual context. What I said was, from the viewpoint of a normie and/or a person from the traditional banking system, Bitcoin might be considered a "Ponzi" by those people like how we Bitcoin HODLers consider shitcoins.
Plus from a another, more controversial viewpoint, Bitcoin is ACTUALLY a "Ponzi", but a sort of naturally-occurring "Ponzi" LIKE GOLD.
A Ponzi scheme? Bitcoin is far from it and should never be considered such by any reasonable person.Plus from a another, more controversial viewpoint, Bitcoin is ACTUALLY a "Ponzi", but a sort of naturally-occurring "Ponzi" LIKE GOLD.
Being used to fiat is not a valid reason for anyone to play idiocy on a fact. Does Bitcoin pay A and deny payment to B? Or it uses the money of A to pay B etc, just like a Ponzi scheme? Certainly not. Bitcoin is a currency, but in the form of a decentralised crypto network, that's the only difference it has with fiat currencies. If the government allows it to have full rights and potential, it will help the people more than the fiat currency.
- Transparency: Bitcoin transactions on the Blockchain are recorded on public ledgers and made accessible b to everyone, but such can never be said about fiat
- Security: The Bitcoin network is much harder to compromise unless the error comes from the investors pattern of handling his coins
- Anonymity: Using a decentralized wallet, your transactions on the Bitcoin network can remain untraced to the sender and receiver.
- Value: history has proven that Bitcoin is a valuable asset as compared to fiat which loses its purchasing power consistently
- Regulation: Bitcoin is not owned or regulated by anybody, hence you can use your Bitcoin without governmental interference as against Fiat which is fully controlled by the government
Everyone wants to be profitable. But currently a pump in Bitcoin has shaken the thinking of about 60% of DAC holders. Those who started holding DCA at $38k now have a clear portfolio of around 50%. And they decided not to continue the DCA, but to dissolve it. If you can afford to run DCA, I'd say it's smarter to run DCA rather than lighten your portfolio. Because experts say to continue DCA hold till next cycle.
I believe for those people, they could still continue to buy every small DIP/discount now that it's becoming VERY obvious that Bitcoin is back to surging to ATH after another ATH.
JayJuanGee, is this the actual moment where we could truly say that Bitcoin will NEVER crash below $50,000 again?
But I'm not going to say it out of avoiding any "superstitious events".
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So let us wait for a maximum ATH of reality without thinking
That's probably going to be $300,000 per Bitcoin this cycle, and that's not my most bullish prediction.
Investors should always take advantage of every moments that arises because those moments when you think prices are too high might turn out to be opportunities you wish you had seized and also Those dips can really feel like missed opportunities, especially when you look back and see how much the price has changed. The market is uncertain it can change rapidly and what seems like a peak today could be a stepping stone to even higher prices in the future.
Quote
Those who were hesitating to buy during the dip at $48k - $50k few months ago might be regretting now. It just shows how unpredictable the market can be, who would have thought that seeing Bitcoin below $50k again would seem like a distant possibility. Regardless of what bitcoin price may be, our steady accumulation puts our investments on the right direction because the future holds so many possibilities of which bitcoin holds a lot of potential
Did you check the price of bitcoin yesterday before you made this post? Any investor who buys the dip at $48k and $50k will never regret his action because the price of bitcoin is way above $48k and $50k today, which the investor will be happy for seizing the opportunity of buying the dip at $48k and $50k. 
Everyone wants to be profitable. But currently a pump in Bitcoin has shaken the thinking of about 60% of DAC holders. Those who started holding DCA at $38k now have a clear portfolio of around 50%. And they decided not to continue the DCA, but to dissolve it. If you can afford to run DCA, I'd say it's smarter to run DCA rather than lighten your portfolio. Because experts say to continue DCA hold till next cycle.
So let us wait for a maximum ATH of reality without thinking
Yep. You describe a somewhat common error in which newbies make such mistake to discontinue or to lighten their DCA amounts, and there surely are risks in going down that path, including that they end up failing/refusing to sufficiently and adequately stack enough sats.. and they may also end up fomo buying at way higher prices, especially if the BTC price goes up and fails/refuses to come back down as they may well were anticipating it to do, and they ONLY have themselves to blame for such a gambling mindset that tries to outsmart the BTC price.. .. and then they end up with way fewer BTC than they should have or could have had.So let us wait for a maximum ATH of reality without thinking
Why do you give any shits about what others are doing, and how about thinking about yourself?
Why do you give too many shits about $100k?
What are you doing?
You registered on the forum in February 2024.. , so you don't even have a whole year on the forum.
Have you been accumulating BTC the whole time?
Perhaps you need to think about yourself. what are you doing? Have you been DCAing?
Were you able to front load your BTC investment?
How is your cashflow management doing? How about your emergency fund? Do you have one?
You can probably recognize that I am a bit confused why you give too many shits about $100k, especially if you might not have started accumulating BTC prior to your forum registration date ..and so maybe if you might have had been accumulating longer than your forum registration date or maybe if you might have been able to front load your BTC investment, then sure maybe you have some considerations about $100k, other than just continuing to accumulate BTC..
Maybe you should explain.. since I hardly understand why anyone would post about what they consider others to be doing since following what others are doing is likely not going to be very helpful in regards to making sure you got your own plan and practices in place that are comfortable to your own personal circumstances and/or perspective about bitcoin.
With the help of DCA method an investor can expect to reduce investment risk as well as a huge stack and portfolio growth with alternative income over time.
Is that what you are doing? Are you building your income to be able to buy bitcoin or are you thinking about bitcoin as being an alternative income to yourself?
I can hardly think of too many scenarios that a person with less than 4 years buying bitcoin would start to consider feasibility of having their bitcoin start to serve as an alternative income to themselves, unless perhaps some situations of relatively extreme frontloading of the investment.
Some small investors may suffer from FOMO during price surges which may hold them back from holding more Bitcoins Every investor should make a habit of depositing Bitcoins at regular intervals regardless of the price.
Sure. This part makes sense. If we are buying regularly, then we should be more informed about what to do, yet small investors still could make mistakes in regards to slowing down their regular bitcoin buying.. yet I suppose if they at least had been buying regularly, then their mistake should be less bad than the one who might hold back buying for long periods of time, and then end up getting too worked up about trying to figure out when to buy when really all times are likely good times to buy for the beginner, especially in the first one or two cycles until the BTC stash size starts to become much larger relative to his other investments or even relative to his annual salary/expenses.
Everyone wants to be profitable. But currently a pump in Bitcoin has shaken the thinking of about 60% of DAC holders. Those who started holding DCA at $38k now have a clear portfolio of around 50%. And they decided not to continue the DCA, but to dissolve it. If you can afford to run DCA, I'd say it's smarter to run DCA rather than lighten your portfolio. Because experts say to continue DCA hold till next cycle.
I believe for those people, they could still continue to buy every small DIP/discount now that it's becoming VERY obvious that Bitcoin is back to surging to ATH after another ATH. JayJuanGee, is this the actual moment where we could truly say that Bitcoin will NEVER crash below $50,000 again?
But I'm not going to say it out of avoiding any "superstitious events".
I hate to assign high probabilities to any set of BTC price moves, yet I will say that ever since about February or March I had been proclaiming that I would be willing to bet that the BTC price is not going to go more than 20% higher than the 200-WMA prior to the end of 2025, and so in that regard, I am merely considering BTC prices staying at least 20% higher than the 200-WMA to be slightly greater than 50/50 odds or at least for funzies, I would be willing to bet on that.
Right now the 200-WMA is $40,437 and it is moving up around $32 per day, and so in that regard 20% above the 200WMA is currently $48,524, so I am not sure how strong of a bet we might proclaim never going below $50k ever again might be.
Sure, it might be greater than 50/50 right at this moment, including that it might even be getting close to 60% or 65% odds or maybe even slightly higher, but I would be nervous to assign such odds and to bet with such odds assignments, but your wanting to proclaim never ever going below $50k to be close to 100% or even in the 90%, I probably would be willing to bet the other side of something like that, especially if you were to give me odds that were to be reflective of that kind of a level of certainty...
I am thing that you probably don't even believe it yourself higher than 80% odds, if we were going to actually put money on such a proposition in which you would have to lose more than you would win based on your level of confidence in order to achieve the odds that you are really saying that you believe...
I personally might be willing to bet higher than 50% odds and even close to 60% or 65% odds in regards to the price never going below $50k ever again, yet I personally probably would not be willing to go higher than 65% in my own level of confidence, and that level of confidence would even feel uncomfortable for me if there were a need to place a bet that were aligned with that level of confidence... but I would take the other side of the bet if you were to go anywhere in the 90% or higher territory, and I am imagining that you would not even actually have the balls to express your bet with such confidence, even though you are trying to act like you are inclined to proclaim 100% kinds of such a BTC price floor.
The percentage means making about 35 percent of the total income we make to be invested?
Even though it is a very good thing but we have to keep in mind other situations and conditions because for the initial 35 percent for DCA I think it is quite difficult to do because after all even though maybe for the first week or month it can still be done but of course this will be a little troublesome in terms of consistency because we cannot handle this large amount if our income remains at $120.
I think it's still good enough if we only allocate at least 20 percent-25 percent because it's possible we can still minimize in terms of needs but for 35 percent it could be torturing yourself even though being in bitcoin is a very good thing to do but forcing yourself because you need to remember that this takes a long time at least 4 years or even more so that with a nominal 35 percent of your income it is still very large in my opinion.
Some of these numbers are a bit screwed up and even confusing. If a person is able to consistently invest 35% of his income into bitcoin, then after only 3 years he would have had invested a whole year's worth of income into bitcoin, which truly would be a good thing if he is able to sustain himself off of that amount and it could well be the case that bitcoin might go up in value during the investment period too.Even though it is a very good thing but we have to keep in mind other situations and conditions because for the initial 35 percent for DCA I think it is quite difficult to do because after all even though maybe for the first week or month it can still be done but of course this will be a little troublesome in terms of consistency because we cannot handle this large amount if our income remains at $120.
I think it's still good enough if we only allocate at least 20 percent-25 percent because it's possible we can still minimize in terms of needs but for 35 percent it could be torturing yourself even though being in bitcoin is a very good thing to do but forcing yourself because you need to remember that this takes a long time at least 4 years or even more so that with a nominal 35 percent of your income it is still very large in my opinion.
One of the issues when dealing with such seemingly small amounts would be that if a person is living off such small amounts, then might he not want to increase his standard of living down the road?
Standard of living is truly a personal determination, so it is difficult to intervene and to say how much is enough and/or how much is more than enough, though personally I get the sense that if a person is able to invest (or otherwise arrive at having at least 10 year's income into bitcoin), then it starts to become possible to start to live off the BTC as a source of income in a sustainable way as long as the valuation is using the 200-WMA and withdrawals are taking place within limits of no more than 10% per year while the BTC spot price is at least 25% higher than the 200WMA..
It is important in the end that instead of forcing 35 percent from the start, it will be more worth it to do it in conditions that we can minimize like 20 percent or 25 percent, which is still quite worth it with an income of $120 per month.
It sounds way more ridiculous to me for someone with such low income to be even capable of reasonably put 35% of his income into bitcoin, unless he is living with his parents or has little to no expenses.
It makes more sense to me that perhaps someone who has $2k per month income and $500 to $1k per month of expenses, might be able to invest 35% of his income into bitcoin... .. but hey I just get bothered by using examples of incomes that are so low (especially if we are referring to aggressive BTC investment of levels higher than 25% of the income, even though I know that some of the guys participating in this thread do happen to have incomes that are only a few hundred per month... and so yeah, they still may be able to figure out ways to invest higher percentages of their income into bitcoin, but at the same time, I am thinking that something is strange that they are able to keep their expenses so low (and yeah, probably they are sharing expenses with family or something like that).
... bitcoin is currently $71k and 10x of bitcoin will amount to $710k which is not possible anytime soon.
We have seen many predictions about Bitcoin going wrong in the past. For you 710k is not possible anytime soon but there are people who think that Bitcoin will hit 1M $ very soon. I remain positive about Bitcoin future price as it's evident from historical data. Yet I refrain myself from making any prediction about Bitcoin future price. In 2017, we saw Bitcoin jumping from 1000$ in Jan to 19k in Dec, all this happen in less then a year. May be in Jan 2017 people were saying that 10x increase in Bitcoin price not possible anytime soon. And then we saw Bitcoin at 3500$ in Dec 2018.
So If you invest $100 and expect it to hit $1k think of when btc price will increase to $710k and above, then your $100 will hit $1k. But with that being said the most important thing in bitcoin investment is to focus on continuous accumulation provides you have your discretion readily available.
100$ to 1000$ was given as an example in context of Bitcoin security. Even if 100$ grow to 300$ or 400$, one need to revise his security measures.
Let's assume you invested $100 every week 5years ago, you will be able to have accumulated approximately $45k worth of bitcoin in your portfolio by now .
I follow https://dcacryptocalculator.com/ for DCA calculations and according to that site 100$ per week for last five years will give you 89.67k $ worth of Bitcoins. Don't know which one of us is correct. 
That confused me too, and it appears, that Samlucky O has a mistake in his link and it is ONLY going back 4 years rather than 5.. the starting date for Samlucky O shows as 9/28/2020 instead of what it should show a starting date as of 10/30/2019... so yeah, the real amount is closer to more than 1.2 BTC accumulated rather than ONLY 0.6663 BTC accumulated.
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I follow https://dcacryptocalculator.com/ for DCA calculations and according to that site 100$ per week for last five years will give you 89.67k $ worth of Bitcoins. Don't know which one of us is correct.
Actually, if you routinely buy $100 per week for 5 years, the total value invested is $24k. I don't know why the site adds up to $26k in total invested value for 5 years. I follow https://dcacryptocalculator.com/ for DCA calculations and according to that site 100$ per week for last five years will give you 89.67k $ worth of Bitcoins. Don't know which one of us is correct.
Previously, Mr. JJG has provided a table about the DCA strategy in 5 years, but yes, every year where the investor increases the value of his investment to levels, for example, $100 is purchased routinely every week until it reaches 1 year. And in the following year the investor increases the execution per week and so on.
Sometimes it takes accurate planning to reach a more aggressive level than the previous year. I think it's very easy to do if we get increased income in the following year.
Every year the price of btc will be different, it could be that early next year it will be $100k but our investment does not increase, of course that is a factor that must be considered early, if you are able to allocate more, of course that is better.
The 5-year period is the ideal target to apply in investing in bitcoin. We can consider many new programs in the next investment, for example, large profits will make us set a more aggressive strategy in the next 5 years with an increase in purchases that can reach $150 per week. That is the ladder to reach a wise level in dividing 10 years into two choices with more varied purchase levels.
The site is correct if it is saying that $100 per week is $26.2k over 5 years.. because you can do a ballpark estimate yourself and see that $100 per week would be $5,200 per year since there are 52 weeks in a year.
Another thing, even if we might start out at $100 per week and then increase our investment amount every years, sometimes we will have to do more calculations if we are going to either attempt to back test it or to forward test it, so we can attempt to be as particular as we like if we are using our own calculations to project out what we might plan to invest each year, including attempting to customize increases and to account for other expected variations in our income and/or expenses.
Even if we forward project out, we still could end up making mistakes and have to change our trajectory and our assumptions in order to account for changes in the facts that might allow for changes that go in either direction and perhaps sometimes in both directions.
[edited out]
Well I don't know how you came up with that figure, but I gave you the link provided by JJG some weeks ago but perhaps you chose your own website which I don't know how you get to that figure. But I will provide you with another quote of JJG fuck you status table, which can help you to calculate the amount of bitcoin you would have invested if you have invested a decent amount in the early period of about 5 years ago.Investing $50k into bitcoin over 8 years should totally be within reach of some one who currently might be able to invest around $71 per week with perhaps some anticipation that over the coming 8 years his disposable income will increase and he would be able to invest 10% more into bitcoin each year. It would look something like this.
This is the table. But this is only an example for you to use and make you own calculations. The table is Bitcoin DCA investment in prior to 8 yeas starting from 2024 to 2032. Investment staring from $71 each week and progressively increases to $152.19per week in DCA as bitcoin keep rising. This investment is in prior to current price of bitcoin 2024 as at the time of making the table so if it was made today the end point would not have given you the exact amount of btc. Of course we are talking about 5 years ago but not 8years from now. I think you should make your own table by back dating it and using the bitcoin price starting from 2020 - 2024 and get your amount even though surely it's not going to give you the exact figure but approximately.
Even though all this will not be pretty necessary but accumulation should be taken seriously.
If we are projecting out into the future, we likely have to continue to adjust the numbers each year to account for the actual quantity of BTC that we had accumulated during the past and also account for changes in how we might project the future based on our own changing expectations that are likely more refined with the passage of time since some of our future projections become more concrete once the time had passed and then we might change some of the assumptions in our future projections based on where we are at during various points in time - including that maybe we might project more granularly for the near term future and more generally when the time is further out.. or at least take the further out projections with a grain of salt including that we might have various trajectories built within our trajectory, so there might be a medium case scenario (that we consider to be most likely), but then we might have trajectories on either side of the base case scenario that might have two on the lower end that are less good and worse and then a couple on the higher end that are better case and best case scenarios.. and so our level of granularity can be extensive as we like, including that it might become easier to tweak these numbers (and scenarios) through something like an Excel spreadsheet rather than on pen and paper (even though pen and paper could also work with a lot more needs to manually calculate over and over and over).
I think a DCA folk should focus on accumulating bitcoin regularly rather than focusing too much on the price so that he doesn't get hit by the investment-destroying tendency called FOMO. An investor can reach his desired point by holding bitcoins and running for a few cycles regularly. I've noticed in bull markets that people aren't showing much inclination to sell. Through investment advice with experienced Bitcoin investors around me, I understand that most target holdings above $100k.
That's a good tip though everyone has a point and a reason why we're DCAing. And one way to monitor or at least get more encouragement is through checking the price regularly. When it is not advisable to check the prices regularly is if we are at the bear market when you're just mostly on hold position and don't accumulate, so it pretty much don't have difference at all.There should be no time for a new investor to stop buying bitcoin, and that is why DCA method is there for consistent and persistent buying with part of your discretionary income that will not put pressure on your finance, so that you can keep your DCA ongoing every week for 4-10 and above. If you are only buying bitcoin when the price is high and you don't buy in a dip, you'll get little quantity of bitcoin overtime compared to someone that is buying regularly both in the dip and when the price is high overtime.
Moreover, DCA approach does not select when to buy or not, but just keep on buying irrespective of the price of bitcoin at that moment. As I am talking to you my DCA is ongoing, even if the price of bitcoin skyrocket or dip, I will continue buying every week because I have a goal to reach my bitcoin target.
It is an unfortunate situation because I still see a lot of people around me that still see Bitcoin as a ponzi scheme. To them I'm not invested in something real because they don't believe Bitcoin is something to be trusted despite that Bitcoin have been around for long and continue to get better. Through them I understood that no matter how good anything is, it can never been good for everyone so instead of worrying myself about Bitcoin critics, I focus on making good use of the opportunity I have to build my Bitcoin portfolio. I rarely pay attention to them because I am convinced that they will one day come to the realization that I have been right all along.
An object or resource is never positive for all. For example, no matter how well you do, it will never be positive for everyone. Numbers will definitely be negative for some people. Bitcoin is slowly spreading among people and gaining trust, but no matter how well Bitcoin does, you will never find positive comments about Bitcoin from some people. We should avoid such people.
Why listen to other people's opinions when you can see Bitcoin's success up close and realize a possible outcome of how well Bitcoin will do in the future? If someone is interested in learning about Bitcoin, I find it useful to discuss Bitcoin with them. It would be wise to avoid arguing with Bitcoin negative thinkers.
... bitcoin is currently $71k and 10x of bitcoin will amount to $710k which is not possible anytime soon.
We have seen many predictions about Bitcoin going wrong in the past. For you 710k is not possible anytime soon but there are people who think that Bitcoin will hit 1M $ very soon. I remain positive about Bitcoin future price as it's evident from historical data. Yet I refrain myself from making any prediction about Bitcoin future price.
In 2017, we saw Bitcoin jumping from 1000$ in Jan to 19k in Dec, all this happen in less then a year. May be in Jan 2017 people were saying that 10x increase in Bitcoin price not possible anytime soon. And then we saw Bitcoin at 3500$ in Dec 2018.
Snip
100$ to 1000$ was given as an example in context of Bitcoin security. Even if 100$ grow to 300$ or 400$, one need to revise his security measures.
Let's assume you invested $100 every week 5years ago, you will be able to have accumulated approximately $45k worth of bitcoin in your portfolio by now .
I follow https://dcacryptocalculator.com/ for DCA calculations and according to that site 100$ per week for last five years will give you 89.67k $ worth of Bitcoins. Don't know which one of us is correct.
Investing $50k into bitcoin over 8 years should totally be within reach of some one who currently might be able to invest around $71 per week with perhaps some anticipation that over the coming 8 years his disposable income will increase and he would be able to invest 10% more into bitcoin each year. It would look something like this.
This is the table. But this is only an example for you to use and make you own calculations. The table is Bitcoin DCA investment in prior to 8 yeas starting from 2024 to 2032. Investment staring from $71 each week and progressively increases to $152.19per week in DCA as bitcoin keep rising. This investment is in prior to current price of bitcoin 2024 as at the time of making the table so if it was made today the end point would not have given you the exact amount of btc. Of course we are talking about 5 years ago but not 8years from now. I think you should make your own table by back dating it and using the bitcoin price starting from 2020 - 2024 and get your amount even though surely it's not going to give you the exact figure but approximately.
Even though all this will not be pretty necessary but accumulation should be taken seriously.
Those who were hesitating to buy during the dip at $48k - $50k few months ago might be regretting now. It just shows how unpredictable the market can be, who would have thought that seeing Bitcoin below $50k again would seem like a distant possibility. Regardless of what bitcoin price may be, our steady accumulation puts our investments on the right direction because the future holds so many possibilities of which bitcoin holds a lot of potential
The market at this point is still a big opportunity because there is never a wrong time to buy Bitcoin. The potential in Bitcoin is fantastic and something everyone should see as a golden opportunity to be part of something amazing. With a fixed supply and many people becoming aware of it and even buying it, it can only get better for Bitcoin so buying now is a nice start despite the price that some people are thinking have gone a little higher. ~~
A Ponzi scheme? Bitcoin is far from it and should never be considered such by any reasonable person.Being used to fiat is not a valid reason for anyone to play idiocy on a fact. Does Bitcoin pay A and deny payment to B? Or it uses the money of A to pay B etc, just like a Ponzi scheme? Certainly not. Bitcoin is a currency, but in the form of a decentralised crypto network, that's the only difference it has with fiat currencies. If the government allows it to have full rights and potential, it will help the people more than the fiat currency.
I don't see much people now talk about bitcoin and maybe those who hate it before realize that bitcoin is a big deal that they missed for many years. Also feel bad for people still skeptical about it since they missed something good opportunity that can provably change their lives.
I think a DCA folk should focus on accumulating bitcoin regularly rather than focusing too much on the price so that he doesn't get hit by the investment-destroying tendency called FOMO. An investor can reach his desired point by holding bitcoins and running for a few cycles regularly. I've noticed in bull markets that people aren't showing much inclination to sell. Through investment advice with experienced Bitcoin investors around me, I understand that most target holdings above $100k.
That's a good tip though everyone has a point and a reason why we're DCAing. And one way to monitor or at least get more encouragement is through checking the price regularly. When it is not advisable to check the prices regularly is if we are at the bear market when you're just mostly on hold position and don't accumulate, so it pretty much don't have difference at all.With the help of DCA method an investor can expect to reduce investment risk as well as a huge stack and portfolio growth with alternative income over time. Some small investors may suffer from FOMO during price surges which may hold them back from holding more Bitcoins Every investor should make a habit of depositing Bitcoins at regular intervals regardless of the price.
The ones that will FOMO are the less experienced holders. It's normal to see them on that feeling when they're not confident of what they're doing and what the market does for them. But you know you when you've been here for quite a while.
Ser, read the post again, and please get the actual context. What I said was, from the viewpoint of a normie and/or a person from the traditional banking system, Bitcoin might be considered a "Ponzi" by those people like how we Bitcoin HODLers consider shitcoins.
Plus from a another, more controversial viewpoint, Bitcoin is ACTUALLY a "Ponzi", but a sort of naturally-occurring "Ponzi" LIKE GOLD.
A Ponzi scheme? Bitcoin is far from it and should never be considered such by any reasonable person.Plus from a another, more controversial viewpoint, Bitcoin is ACTUALLY a "Ponzi", but a sort of naturally-occurring "Ponzi" LIKE GOLD.
Being used to fiat is not a valid reason for anyone to play idiocy on a fact. Does Bitcoin pay A and deny payment to B? Or it uses the money of A to pay B etc, just like a Ponzi scheme? Certainly not. Bitcoin is a currency, but in the form of a decentralised crypto network, that's the only difference it has with fiat currencies. If the government allows it to have full rights and potential, it will help the people more than the fiat currency.
Actually what @Wind_FUry said is true that lots of people especially those who engage with traditional investment think that Bitcoin is just a Ponzi scheme. This is what they believe because they don't know how bitcoin works. But for sure those skeptical people lessen over the years especially when bitcoin gather much attention and got serious attention towards possible adaption especially if Trump would win as President this election.
Truly unreasonable to the fact that they only look at those negative things happen, but they didn't even try to look what bitcoin achieve for its existence. People always think negative to things that they don't understand that's why its somehow expected the way how they talk about bitcoin especially that their knowledge is so narrow about this coin. But for many times that bitcoin gain positive exposure and good milestone also adaption acquired for sure that those doubting minds will be converted to curious one to try what they have missed out on bitcoin and actually we see slowly shift of attention since those people I see saying bitcoin is scam are now participating on some bitcoin gaining activities.
That's why to lucky for us people who know and understand bitcoin so well since for longest time we are gaining something from bitcoin and our continues belief that bitcoin would bring more profits in future. So continue to buy and hodl since for sure that there are more to get from it and ignore those people who spread negative thoughts about bitcoin.
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I follow https://dcacryptocalculator.com/ for DCA calculations and according to that site 100$ per week for last five years will give you 89.67k $ worth of Bitcoins. Don't know which one of us is correct.
Actually, if you routinely buy $100 per week for 5 years, the total value invested is $24k. I don't know why the site adds up to $26k in total invested value for 5 years. I follow https://dcacryptocalculator.com/ for DCA calculations and according to that site 100$ per week for last five years will give you 89.67k $ worth of Bitcoins. Don't know which one of us is correct.
Previously, Mr. JJG has provided a table about the DCA strategy in 5 years, but yes, every year where the investor increases the value of his investment to levels, for example, $100 is purchased routinely every week until it reaches 1 year. And in the following year the investor increases the execution per week and so on.
Sometimes it takes accurate planning to reach a more aggressive level than the previous year. I think it's very easy to do if we get increased income in the following year.
Every year the price of btc will be different, it could be that early next year it will be $100k but our investment does not increase, of course that is a factor that must be considered early, if you are able to allocate more, of course that is better.
The 5-year period is the ideal target to apply in investing in bitcoin. We can consider many new programs in the next investment, for example, large profits will make us set a more aggressive strategy in the next 5 years with an increase in purchases that can reach $150 per week. That is the ladder to reach a wise level in dividing 10 years into two choices with more varied purchase levels.
Those who were hesitating to buy during the dip at $48k - $50k few months ago might be regretting now. It just shows how unpredictable the market can be, who would have thought that seeing Bitcoin below $50k again would seem like a distant possibility. Regardless of what bitcoin price may be, our steady accumulation puts our investments on the right direction because the future holds so many possibilities of which bitcoin holds a lot of potential
There is no need to regret not accumulating Bitcoin when the price was $48-50k the current Bitcoin price we are seeing now will actually be a dip in the future because Bitcoin price will definitely hit $100 and more. It is important as an investor to make use of any solid opportunity in the Bitcoin market because in time coming what we see as Bitcoin ATH now will be seen as dip in the future, the current price of Bitcoin should be seen as an opportunity to still accumulate more Bitcoin if the fund is available so that there won't be any thing to regret in time coming we could still accumulate as little as we can using the DCA strategy.That is why it is important for all of us to study bitcoin in detail so that we are more confident in the development of bitcoin for the future and of course buying bitcoin is never too late and there is no need to regret not collecting when the price is cheap, therefore it is highly recommended for all of us if we want to invest in bitcoin for the long term using the dca strategy, because this strategy is the key to achieving financial freedom.
In the past few days, bitcoin has slowly started to strengthen, even in our predictions it will soon reach a price of $ 100k so don't regret it, and it would be nice if we made that regret a lesson so that the regret is not repeated because we did not immediately collect bitcoin.
Ser, read the post again, and please get the actual context. What I said was, from the viewpoint of a normie and/or a person from the traditional banking system, Bitcoin might be considered a "Ponzi" by those people like how we Bitcoin HODLers consider shitcoins.
Plus from a another, more controversial viewpoint, Bitcoin is ACTUALLY a "Ponzi", but a sort of naturally-occurring "Ponzi" LIKE GOLD.
A Ponzi scheme? Bitcoin is far from it and should never be considered such by any reasonable person.Plus from a another, more controversial viewpoint, Bitcoin is ACTUALLY a "Ponzi", but a sort of naturally-occurring "Ponzi" LIKE GOLD.
Being used to fiat is not a valid reason for anyone to play idiocy on a fact. Does Bitcoin pay A and deny payment to B? Or it uses the money of A to pay B etc, just like a Ponzi scheme? Certainly not. Bitcoin is a currency, but in the form of a decentralised crypto network, that's the only difference it has with fiat currencies. If the government allows it to have full rights and potential, it will help the people more than the fiat currency.
Actually what @Wind_FUry said is true that lots of people especially those who engage with traditional investment think that Bitcoin is just a Ponzi scheme. This is what they believe because they don't know how bitcoin works. But for sure those skeptical people lessen over the years especially when bitcoin gather much attention and got serious attention towards possible adaption especially if Trump would win as President this election.
... bitcoin is currently $71k and 10x of bitcoin will amount to $710k which is not possible anytime soon.
We have seen many predictions about Bitcoin going wrong in the past. For you 710k is not possible anytime soon but there are people who think that Bitcoin will hit 1M $ very soon. I remain positive about Bitcoin future price as it's evident from historical data. Yet I refrain myself from making any prediction about Bitcoin future price.
In 2017, we saw Bitcoin jumping from 1000$ in Jan to 19k in Dec, all this happen in less then a year. May be in Jan 2017 people were saying that 10x increase in Bitcoin price not possible anytime soon. And then we saw Bitcoin at 3500$ in Dec 2018.
So If you invest $100 and expect it to hit $1k think of when btc price will increase to $710k and above, then your $100 will hit $1k. But with that being said the most important thing in bitcoin investment is to focus on continuous accumulation provides you have your discretion readily available.
100$ to 1000$ was given as an example in context of Bitcoin security. Even if 100$ grow to 300$ or 400$, one need to revise his security measures.
Let's assume you invested $100 every week 5years ago, you will be able to have accumulated approximately $45k worth of bitcoin in your portfolio by now .
I follow https://dcacryptocalculator.com/ for DCA calculations and according to that site 100$ per week for last five years will give you 89.67k $ worth of Bitcoins. Don't know which one of us is correct.
Everyone wants to be profitable. But currently a pump in Bitcoin has shaken the thinking of about 60% of DAC holders. Those who started holding DCA at $38k now have a clear portfolio of around 50%. And they decided not to continue the DCA, but to dissolve it. If you can afford to run DCA, I'd say it's smarter to run DCA rather than lighten your portfolio. Because experts say to continue DCA hold till next cycle.
I believe for those people, they could still continue to buy every small DIP/discount now that it's becoming VERY obvious that Bitcoin is back to surging to ATH after another ATH.
JayJuanGee, is this the actual moment where we could truly say that Bitcoin will NEVER crash below $50,000 again?
But I'm not going to say it out of avoiding any "superstitious events".
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So let us wait for a maximum ATH of reality without thinking
That's probably going to be $300,000 per Bitcoin this cycle, and that's not my most bullish prediction.
I doubt for Bitcoin ability to fall below $50,000, sooner or before we hit back the DIP, the bull run is just beginning and more time to spend in this season adding up profits to our portfolio.
The percentage means making about 35 percent of the total income we make to be invested?
Even though it is a very good thing but we have to keep in mind other situations and conditions because for the initial 35 percent for DCA I think it is quite difficult to do because after all even though maybe for the first week or month it can still be done but of course this will be a little troublesome in terms of consistency because we cannot handle this large amount if our income remains at $120.
I think it's still good enough if we only allocate at least 20 percent-25 percent because it's possible we can still minimize in terms of needs but for 35 percent it could be torturing yourself even though being in bitcoin is a very good thing to do but forcing yourself because you need to remember that this takes a long time at least 4 years or even more so that with a nominal 35 percent of your income it is still very large in my opinion.
Even though it is a very good thing but we have to keep in mind other situations and conditions because for the initial 35 percent for DCA I think it is quite difficult to do because after all even though maybe for the first week or month it can still be done but of course this will be a little troublesome in terms of consistency because we cannot handle this large amount if our income remains at $120.
I think it's still good enough if we only allocate at least 20 percent-25 percent because it's possible we can still minimize in terms of needs but for 35 percent it could be torturing yourself even though being in bitcoin is a very good thing to do but forcing yourself because you need to remember that this takes a long time at least 4 years or even more so that with a nominal 35 percent of your income it is still very large in my opinion.
Some of these numbers are a bit screwed up and even confusing. If a person is able to consistently invest 35% of his income into bitcoin, then after only 3 years he would have had invested a whole year's worth of income into bitcoin, which truly would be a good thing if he is able to sustain himself off of that amount and it could well be the case that bitcoin might go up in value during the investment period too.
One of the issues when dealing with such seemingly small amounts would be that if a person is living off such small amounts, then might he not want to increase his standard of living down the road?
Standard of living is truly a personal determination, so it is difficult to intervene and to say how much is enough and/or how much is more than enough, though personally I get the sense that if a person is able to invest (or otherwise arrive at having at least 10 year's income into bitcoin), then it starts to become possible to start to live off the BTC as a source of income in a sustainable way as long as the valuation is using the 200-WMA and withdrawals are taking place within limits of no more than 10% per year while the BTC spot price is at least 25% higher than the 200WMA..
It is important in the end that instead of forcing 35 percent from the start, it will be more worth it to do it in conditions that we can minimize like 20 percent or 25 percent, which is still quite worth it with an income of $120 per month.
Those who were hesitating to buy during the dip at $48k - $50k few months ago might be regretting now. It just shows how unpredictable the market can be, who would have thought that seeing Bitcoin below $50k again would seem like a distant possibility. Regardless of what bitcoin price may be, our steady accumulation puts our investments on the right direction because the future holds so many possibilities of which bitcoin holds a lot of potential
There is no need to regret not accumulating Bitcoin when the price was $48-50k the current Bitcoin price we are seeing now will actually be a dip in the future because Bitcoin price will definitely hit $100 and more. It is important as an investor to make use of any solid opportunity in the Bitcoin market because in time coming what we see as Bitcoin ATH now will be seen as dip in the future, the current price of Bitcoin should be seen as an opportunity to still accumulate more Bitcoin if the fund is available so that there won't be any thing to regret in time coming we could still accumulate as little as we can using the DCA strategy.I couldn't agree more with you, because in order to invest in bitcoins it has to be done according to the rules as it has been in the past. Because the price of bitcoin is the price it is now and it will increase in the future, I think if your plan is several years into the future you should invest in the present as in the past.
Because your future depends on your investment, there is no reason to be restless. As the market dips over time, it gives you the opportunity to buy more bitcoins, because if you invest at a price now, it is less likely to return to that price later. Because if you invest every week according to the DCA method then keep doing it and you will progress as per your plan.
Those who were hesitating to buy during the dip at $48k - $50k few months ago might be regretting now. It just shows how unpredictable the market can be, who would have thought that seeing Bitcoin below $50k again would seem like a distant possibility. Regardless of what bitcoin price may be, our steady accumulation puts our investments on the right direction because the future holds so many possibilities of which bitcoin holds a lot of potential
There is no need to regret not accumulating Bitcoin when the price was $48-50k the current Bitcoin price we are seeing now will actually be a dip in the future because Bitcoin price will definitely hit $100 and more. It is important as an investor to make use of any solid opportunity in the Bitcoin market because in time coming what we see as Bitcoin ATH now will be seen as dip in the future, the current price of Bitcoin should be seen as an opportunity to still accumulate more Bitcoin if the fund is available so that there won't be any thing to regret in time coming we could still accumulate as little as we can using the DCA strategy. Jump to: