Blind movement?
Trying to understand why he followed to Buy BTC continuously while He knew the market is in Reverse mode and unfortunately, he sold on the wrong time His dedication in 2022 Buying BTC on every spot is really appreciatable.
All i can say is Holding can reward massive in coming time my view.
Topic: Failed DCA Strategy When Buying Bitcoin - page 3. (Read 966 times)
If this guy went out and stopped trading and took that big loss, then maybe he really did let go of the loss. But I think he just needs to change and plan a better strategy especially the potential for better bitcoin after the halving can be expected. Of course I don't think this guy has quit forever and tried something else, but maybe he's just waiting for the right moment to move on.
Experienced investors don't easily lose, that's what my take. And they will find the best way to survive, not by quitting.
I agree with you that experience investors will hold on no matter what, no matter how bad the amount in their portfolio is, they will not easily give up and take a loss.
Approximately $460 million was spent buying Bitcoin, resulting in a loss of over $239 million. Perhaps this investor did not know that the DCA strategy is better to use for a longer period, or perhaps he found a more profitable investment.
You're missing the main point here: Why do you think this person sold?
Just because they emptied his wallet, or because it appears they stopped DCA? Maybe they just started to do DCA with another account... who are we to know.
Also to note is a few of transactions leads to coins not ending up on exchanges, a few examples looked at the biggest transfers:
4,999 BTC: https://bitinfocharts.com/bitcoin/address/bc1qeth6n6ryxexvkx34wnx3nuynun4474h3j0gkhw
4,999 BTC: https://bitinfocharts.com/bitcoin/address/bc1q2we5eqjj8je6lz9xwjattpc3pn4jejc5h0s70f
2,000 BTC: https://bitinfocharts.com/bitcoin/address/bc1qpp3v9k4g5hqjfztextp5nn9808lcru9j8m4n2p
This already accounts for 12K of 17K Bitcoin that wasn't sold. It looks like they just consolidated numerous inputs into a few different addresses for now.
While true, this is usually done OTC rather than independantly for such large amounts (unless someone has a very good reputation for do a high-risk trade). This is because it involves an escrow, or at a minimum a middle-man. So the fact the coins went directly from A to B without going from A to B to C suggests there were no OTC translations or middle-person facilitating such a trade. Also probably worth pointing out that the large institutions that facilitate OTC trades usually have their wallet addresses listed on the various different block explorers as belonging to X,Y,Z, so it's often quite transparent when these OTC trades occur.
As I said initially, if you look more in-depth at the individual transactions, there's no denying it's a consolidation of funds and nothing else. Whether or not they are sent on elsewhere would be a different story.
Approximately $460 million was spent buying Bitcoin, resulting in a loss of over $239 million. Perhaps this investor did not know that the DCA strategy is better to use for a longer period, or perhaps he found a more profitable investment.
You're missing the main point here: Why do you think this person sold?
Just because they emptied his wallet, or because it appears they stopped DCA? Maybe they just started to do DCA with another account... who are we to know.
Also to note is a few of transactions leads to coins not ending up on exchanges, a few examples looked at the biggest transfers:
4,999 BTC: https://bitinfocharts.com/bitcoin/address/bc1qeth6n6ryxexvkx34wnx3nuynun4474h3j0gkhw
4,999 BTC: https://bitinfocharts.com/bitcoin/address/bc1q2we5eqjj8je6lz9xwjattpc3pn4jejc5h0s70f
2,000 BTC: https://bitinfocharts.com/bitcoin/address/bc1qpp3v9k4g5hqjfztextp5nn9808lcru9j8m4n2p
This already accounts for 12K of 17K Bitcoin that wasn't sold. It looks like they just consolidated numerous inputs into a few different addresses for now.
While true, this is usually done OTC rather than independantly for such large amounts (unless someone has a very good reputation for do a high-risk trade). This is because it involves an escrow, or at a minimum a middle-man. So the fact the coins went directly from A to B without going from A to B to C suggests there were no OTC translations or middle-person facilitating such a trade. Also probably worth pointing out that the large institutions that facilitate OTC trades usually have their wallet addresses listed on the various different block explorers as belonging to X,Y,Z, so it's often quite transparent when these OTC trades occur.
As I said initially, if you look more in-depth at the individual transactions, there's no denying it's a consolidation of funds and nothing else. Whether or not they are sent on elsewhere would be a different story.
If this guy went out and stopped trading and took that big loss, then maybe he really did let go of the loss. But I think he just needs to change and plan a better strategy especially the potential for better bitcoin after the halving can be expected. Of course I don't think this guy has quit forever and tried something else, but maybe he's just waiting for the right moment to move on.
Experienced investors don't easily lose, that's what my take. And they will find the best way to survive, not by quitting.
The rich would always want to hold for a long time so that that can have a taste of the benefs when the value of Bitcoin appreciate very well. We cam decide now when the value of the Bitcoin is being sold or is transfered to another similar wallet.
able to get in then he's still definitely on negative as of this moment on which it would be understandable that he had stopped on DCA on the time that he do sees that the price goes down even more.
For now then for sure that he's still monitoring up on his holding but dont mind on touching it out.
There's no sense that you would be selling out in loss. The great missing opportunity on here is that on the time that Bitcoins price hits up $15k on which it is the sweetest spot for you to DCA
if you do have millions of dollars but since this market is unpredictable then you cant really tell on where it would be going and this is why these kind of mistakes and missed
opportunities is really that something very common but doesnt mean that it would be over. As long you arent selling it on loss then those arent considered to be a total loss.
If this guy went out and stopped trading and took that big loss, then maybe he really did let go of the loss. But I think he just needs to change and plan a better strategy especially the potential for better bitcoin after the halving can be expected. Of course I don't think this guy has quit forever and tried something else, but maybe he's just waiting for the right moment to move on.
Experienced investors don't easily lose, that's what my take. And they will find the best way to survive, not by quitting.
The rich would always want to hold for a long time so that that can have a taste of the benefs when the value of Bitcoin appreciate very well. We cam decide now when the value of the Bitcoin is being sold or is transfered to another similar wallet.
Approximately $460 million was spent buying Bitcoin, resulting in a loss of over $239 million. Perhaps this investor did not know that the DCA strategy is better to use for a longer period, or perhaps he found a more profitable investment.
You're missing the main point here: Why do you think this person sold?
Just because they emptied his wallet, or because it appears they stopped DCA? Maybe they just started to do DCA with another account... who are we to know.
Also to note is a few of transactions leads to coins not ending up on exchanges, a few examples looked at the biggest transfers:
4,999 BTC: https://bitinfocharts.com/bitcoin/address/bc1qeth6n6ryxexvkx34wnx3nuynun4474h3j0gkhw
4,999 BTC: https://bitinfocharts.com/bitcoin/address/bc1q2we5eqjj8je6lz9xwjattpc3pn4jejc5h0s70f
2,000 BTC: https://bitinfocharts.com/bitcoin/address/bc1qpp3v9k4g5hqjfztextp5nn9808lcru9j8m4n2p
This already accounts for 12K of 17K Bitcoin that wasn't sold. It looks like they just consolidated numerous inputs into a few different addresses for now.
But if the owner was not afraid to keep all the coins in one wallet, then he was not afraid of spying on his coins.
DCA doesn’t always work. If you use dca to enter and exit trades then it won’t help you in the bottoms and tops. If you spend too much time buying at the top or selling at the bottom then you would be better off just buying everything at once.
It’s not a full proof strategy. When Bitcoin went below $20k, I bought a lot. I didn’t dca because I knew it wouldn’t stay below $20K for long and I would be buying it at a higher price which is what happened. Same when it was over $50K, just sold everything pretty much because I knew the top was near.
when it's certain that the market is ready to drop ,Another strategy which I have used in addition to DCA which has profited me in the past is starting to buy first with little amount of money and increasing it while the market dips down, for instance if BTC is expected to drop down from the price of $30k to $25k or lower to start your accumulation you can start by increasing your buy orders with a difference of $5, $10 or whatever price difference that suits you, let's say you buy $10 - $15 - $20 - $25 - $30 - $35 - $40 - $45 - $50. It’s not a full proof strategy. When Bitcoin went below $20k, I bought a lot. I didn’t dca because I knew it wouldn’t stay below $20K for long and I would be buying it at a higher price which is what happened. Same when it was over $50K, just sold everything pretty much because I knew the top was near.
If this guy went out and stopped trading and took that big loss, then maybe he really did let go of the loss. But I think he just needs to change and plan a better strategy especially the potential for better bitcoin after the halving can be expected. Of course I don't think this guy has quit forever and tried something else, but maybe he's just waiting for the right moment to move on.
Experienced investors don't easily lose, that's what my take. And they will find the best way to survive, not by quitting.
This might be involving that long wait but doesnt mean that he would be needing to wait forever. For sure he would be able to earn profit even more on the time that the market would really be making some
u-turn.
I agree on what others been saying that as long he didnt close his position or havent sold out on loss then it would really be just still that fine. Holding isnt really that hard
but not totally specially you do know and see on having multi millions in negative.
If this guy went out and stopped trading and took that big loss, then maybe he really did let go of the loss. But I think he just needs to change and plan a better strategy especially the potential for better bitcoin after the halving can be expected. Of course I don't think this guy has quit forever and tried something else, but maybe he's just waiting for the right moment to move on.
Experienced investors don't easily lose, that's what my take. And they will find the best way to survive, not by quitting.
By the way, a lot of coins were sold on March 5, when bitcoin was worth $22,350. But after the sale, the price of bitcoin fell to 20,000 thousand dollars. The investor could lose even more than 10% of the capital. Bitcoins were most likely not sold on an exchange, but on a closed trading platform for whales.
This was probably not the last money, and if an investor spent 2-10% of his capital to buy bitcoin, then we see that billionaires also have losses.
During purchasing of bitcoin for investment so that the investors will as well make its own profit, they does not think of the lose during investment because they all know that if you have the spirit of panicking during investment it will definitely affect you, so good investors who knows the duration of their investment will take before selling out their coin especially bitcoin, and secondly bitcoin have potential theirs no time you want to sell your bitcoin it will not have value, so the longer you keep your bitcoin the more it's close bullish season, when you lack panicking towards your investment its when you will make profit in cryptocurrency investment mostly bitcoin This was probably not the last money, and if an investor spent 2-10% of his capital to buy bitcoin, then we see that billionaires also have losses.
There is always potential for loss in trading and investing strategies but if this guy persists then chances are he will get good returns in the next 1-2 years. Of course there is a reason why I say that and maybe you can already guess it.
If this guy went out and stopped trading and took that big loss, then maybe he really did let go of the loss. But I think he just needs to change and plan a better strategy especially the potential for better bitcoin after the halving can be expected. Of course I don't think this guy has quit forever and tried something else, but maybe he's just waiting for the right moment to move on.
If this guy went out and stopped trading and took that big loss, then maybe he really did let go of the loss. But I think he just needs to change and plan a better strategy especially the potential for better bitcoin after the halving can be expected. Of course I don't think this guy has quit forever and tried something else, but maybe he's just waiting for the right moment to move on.
To each his own and in my honest opinion you don't really lose anything in bitcoin unless you sold it but that's definitely a big loss to tank. I don't think he did the DCA strat wrongly here though assuming that he has enough time considering he did this in the span of almost 2 years. It's just that his timing is not that great considering the losses that bitcoin took last year from all the drama. Pretty sure he's a diamond-hand too that holds as much as he could before selling, so he's good to go as long as he follows through with that plan. Otherwise if he has already sold most of his bitcoin holdings then he's really in for a massive loss lmao. Losses aren't realized until you sold as they say.
Someone who has money in millions definitely understands how finances work and he probably also know how to manage risks and the investments he made, with all these speculations, we are probably missing something because a millionaire or maybe a billionaire will surely not make such a move that will cost them more than 230 million dollars. There must be another side of the story that is unknown here.If I have enough money to be able to buy Bitcoins worth a million dollars everyday, I would probably understand how things work, especially if I'm doing DCA, I will surely keep a track of my investments and my target price for selling, and even if I sell some of it, I will surely be doing it for a reason known to me.
What I am surprised is that countries like El Salvador made similar decisions to buy Bitcoin and we discovered that they did not make a good amount of profit, or at least they could have made more profit if they counted the purchase date, so understanding the appropriate strategy for you and the trading period is much more important as the DCA Strategy is for long-term trading and using it With the intention of obtaining a profit within less than 5 years, it may mean a loss.
The strategy has so far proven to be successful for those who want to buy and wait. Whoever bought during the year 2017 lost during that period, but it is an excellent investment if he keeps it until the year 2021 and so on.
The strategy has so far proven to be successful for those who want to buy and wait. Whoever bought during the year 2017 lost during that period, but it is an excellent investment if he keeps it until the year 2021 and so on.
First I agree with what you said that dca is only applicable for people willing to hold for a few years, it is not recommendable for short-term holdings only. And it is perfect for long-term holders. If only I had a lot of bitcoin during 2017, I could have bought bitcoin during these days and sold it during 2021, probably my life would have improved somehow.
It's just that during these times of 2017 I made a lot of money at least in crowdfunding projects, I didn't think of buying bitcoin at this time. No one knew that one bitcoin would reach more than 60k$ in those days. So now, I'm also trying to save at least a little so that I won't be at zero in the coming bull run next year.
If he invested in the long term, DCA is a good strategy and he'll probably win
We well know that until he didn't sold them, he did't lose. Bitcoin is so volatile he should't forget about it
If this person continues on DC-averaging in, probably, he'll will take profit in the future. Hold for the long term
In any way I wish good luck to this person, it's a big money
As long as you are still holding and, its just a paper loss and if he will not panic during this bear trend, there’s a big chance for a bigger profit. DCA might be boring or might discourage you in the long run but if you have the goal and you want to focus on that, you can achieve it. DCA with Bitcoin is not wrong, try also to but other coins and again the golden rule is never go all in, we have to practice this.We well know that until he didn't sold them, he did't lose. Bitcoin is so volatile he should't forget about it
If this person continues on DC-averaging in, probably, he'll will take profit in the future. Hold for the long term
In any way I wish good luck to this person, it's a big money
This is a good point. Unless it's a leveraged then you'll just receive a margin call. But holding it long term, unless you cut loss it sell your asset, you won't lose any. That is what you call unrealized profit and loss. Either you dollar cost average going higher or much better if it's on a bear market where price is truly at discounted price. You buy more as log as you believe that the asset BTC will go higher than your average buying price, it will be a win.
Transferring of funds doesn't equate the holder sold it, that person might just probably stack it on a safer vault, exchange, or hard wallet. So unless he sell it or loose it, It will not be a loss but only a normal fluctuation of price.
...Approximately $460 million was spent buying Bitcoin, resulting in a loss of over $239 million. Perhaps this investor did not know that the DCA strategy is better to use for a longer period, or perhaps he found a more profitable investment.
I think that anyone who is financially able to invest a million dollars every day should definitely know about the DCA strategy. It is only obvious that he decided to sell all his bitcoins and this decision may be related to financial problems in real business, or it is possible that he invested in something else, for example Pepe.
But bitcoin as an asset is best held for the long term to be able to properly fall between its potential profits making.
The owner of this address bought a million dollars worth of Bitcoin every day from August 11, 2021 to January 1, 2023.
https://bitinfocharts.com/bitcoin/address/bc1qw0pswznckx7s6tjmd2f5hrx4q6kc5nyrdxku50
Received: 17,536.2628 BTC (517 ins) first: 2021-07-25 last: 2022-12-28
Sent: 17,536.2628 BTC (517 outs) first: 2023-01-01 last: 2023-03-05
Profit from price change: -239,395,601.9 USD
Approximately $460 million was spent buying Bitcoin, resulting in a loss of over $239 million. Perhaps this investor did not know that the DCA strategy is better to use for a longer period, or perhaps he found a more profitable investment.
Ehh Idk, man DCA'd for 1 1/2 year, I don't think he'd be dumb enough to sell it all at once at a loss that big. He probably separated it into different wallets or something similar to that, or maybe just a new strategy he's trying out. Definitely don't think he sold it though. Plus with the amount of money he has, I don't think a financial advisor would be that hard to get and they should know about the cycles of the Bitcoin market, even if it was simply basing it off of history. https://bitinfocharts.com/bitcoin/address/bc1qw0pswznckx7s6tjmd2f5hrx4q6kc5nyrdxku50
Received: 17,536.2628 BTC (517 ins) first: 2021-07-25 last: 2022-12-28
Sent: 17,536.2628 BTC (517 outs) first: 2023-01-01 last: 2023-03-05
Profit from price change: -239,395,601.9 USD
Approximately $460 million was spent buying Bitcoin, resulting in a loss of over $239 million. Perhaps this investor did not know that the DCA strategy is better to use for a longer period, or perhaps he found a more profitable investment.
That, or some kind of emergency took place that needed this amount of money but what could possibly need that much?
If he invested in the long term, DCA is a good strategy and he'll probably win
We well know that until he didn't sold them, he did't lose. Bitcoin is so volatile he should't forget about it
If this person continues on DC-averaging in, probably, he'll will take profit in the future. Hold for the long term
In any way I wish good luck to this person, it's a big money
As long as you are still holding and, its just a paper loss and if he will not panic during this bear trend, there’s a big chance for a bigger profit. DCA might be boring or might discourage you in the long run but if you have the goal and you want to focus on that, you can achieve it. DCA with Bitcoin is not wrong, try also to but other coins and again the golden rule is never go all in, we have to practice this. We well know that until he didn't sold them, he did't lose. Bitcoin is so volatile he should't forget about it
If this person continues on DC-averaging in, probably, he'll will take profit in the future. Hold for the long term
In any way I wish good luck to this person, it's a big money
The owner of this address bought a million dollars worth of Bitcoin every day from August 11, 2021 to January 1, 2023.
https://bitinfocharts.com/bitcoin/address/bc1qw0pswznckx7s6tjmd2f5hrx4q6kc5nyrdxku50
Received: 17,536.2628 BTC (517 ins) first: 2021-07-25 last: 2022-12-28
Sent: 17,536.2628 BTC (517 outs) first: 2023-01-01 last: 2023-03-05
Profit from price change: -239,395,601.9 USD
Approximately $460 million was spent buying Bitcoin, resulting in a loss of over $239 million. Perhaps this investor did not know that the DCA strategy is better to use for a longer period, or perhaps he found a more profitable investment.
To each his own and in my honest opinion you don't really lose anything in bitcoin unless you sold it but that's definitely a big loss to tank. I don't think he did the DCA strat wrongly here though assuming that he has enough time considering he did this in the span of almost 2 years. It's just that his timing is not that great considering the losses that bitcoin took last year from all the drama. Pretty sure he's a diamond-hand too that holds as much as he could before selling, so he's good to go as long as he follows through with that plan. Otherwise if he has already sold most of his bitcoin holdings then he's really in for a massive loss lmao. Losses aren't realized until you sold as they say. https://bitinfocharts.com/bitcoin/address/bc1qw0pswznckx7s6tjmd2f5hrx4q6kc5nyrdxku50
Received: 17,536.2628 BTC (517 ins) first: 2021-07-25 last: 2022-12-28
Sent: 17,536.2628 BTC (517 outs) first: 2023-01-01 last: 2023-03-05
Profit from price change: -239,395,601.9 USD
Approximately $460 million was spent buying Bitcoin, resulting in a loss of over $239 million. Perhaps this investor did not know that the DCA strategy is better to use for a longer period, or perhaps he found a more profitable investment.
The mistake is that he did not knew that 2022 will never be a good year for bitcoin and all other cryptocurrencies, but if you go back to history, we know that history will juxtapose into the future which was what happened again in 2022 just like 2018 when the price of all coins crashed.
He continued DCA at the wrong time and sold at the wrong time when he supposed to buy more or wait. Supposing he is able to wait again till 2024/2025 he would have gained massively.
In anything we are investing on, we should learn more about it before investing at all.
The fact is there is not a foolproof strategy to make money on the markets, even something as simple as buying and holding our bitcoin can produce losses if people cannot perform the strategy for long enough, DCA is a good strategy but it requires a huge commitment to keep investing no matter what the price is at the moment, while at the same time you can hold your assets for long enough so they can reevaluate themselves, and this is something the majority of the investors out there cannot do.He continued DCA at the wrong time and sold at the wrong time when he supposed to buy more or wait. Supposing he is able to wait again till 2024/2025 he would have gained massively.
In anything we are investing on, we should learn more about it before investing at all.
And doing DCA doesn't mean that someone needs to buy even when the price is going up if they have already bought at a lower price, they should simply keep holding what they've bought instead of buying at a higher price.
they would really cut loss and on the time that it would be making out some slight increase then there's that feeling of FOMO which it is really that something no sense to be done.
You would really be able to find for yourself and realize that this is something that needs to be controlled or else you would really be losing money or would really be missing out opportunity
for you to make profits or chances to make some gains too.
Failed DCA strategy with Bitcoin? I dont think so and that person who had been mentioned on OP on accumulating coins but ended up on negative? Its just fine as long
you dont sell it since its paperloss and its not realized until you would be closing up your position. Time will come that those DCA or accumulation you had done
would really be making out some fruit or result someday.
Jump to: