So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?
If you notice, it is rarely below Total Invested on the 4-year scale and close to Bitcoin's previous ATH
Topic: Impact of bitcoin price speculations on individual bitcoin holding - page 5. (Read 967 times)
September 05, 2023, 02:18:28 AM
So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?
If you notice, it is rarely below Total Invested on the 4-year scale and close to Bitcoin's previous ATH
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September 05, 2023, 12:57:53 AM
So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?
I have never let myself get carried away too much by speculation, because my thing is long-term investment, which, strictly speaking is also speculation, because I speculate that investing in bitcoin in the long term will give me more profits and less headaches than doing it in the short term, and that in the long term the price will continue to rise.
What happens is that we tend to understand speculation as something short term, to buy or sell depending on whether you think it is going to go up or down, and I don't get carried away by that.
September 05, 2023, 12:29:25 AM
Is there any way to truly know the top? When people make comments about selling at the top and buying at the bottom for a trending market, it always sound like complex to me because market can give several supposed tops within a short period.
For peak prices that have not occurred, it will always be difficult for everyone to know, even though everyone has a certain grid to predict peak prices and bottom prices. Because it not only sounds complicated to you, but maybe to some other people it also sounds very complicated. Because if it could be easier for everyone to know, then fewer people would complain about this because almost everyone would find it easier to become rich.Quote
Furthermore, I don't know the approach other people uses but to me the best is to sell Bitcoin strictly base on needs and not because I want to make quick profit. Although I am holding for long so my approach might be a kind of different from others. With DCA, I wouldn't want to sell to replenish later as there are high chances that when you sell, you will never replenish your portfolio to the Bitcoin quantity you sold off.
Everyone does have a very different approach in anything, including things like this. Because every approach you take always has a clearer goal and one of them is about profit and I think the approach you take is not so bad because you will only sell Bitcoin when you need something that you may not be able to postpone. But it would be even better if you have other income for things you need so it won't interfere with the Bitcoin you have bought with the DCA method, because something like this can also save your own portfolio in the long term. 
September 04, 2023, 11:09:29 PM
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Furthermore, I don't know the approach other people uses but to me the best is to sell Bitcoin strictly base on needs and not because I want to make quick profit. Although I am holding for a long so my approach might be a kind of different from others. With DCA, I wouldn't want to sell to replenish later as there are high chances that when you sell, you will never replenish your portfolio to the Bitcoin quantity you sold off.
Since you already stated that you are a long term Bitcoin holder, i won't make much emphasis on the part where you said we should sell Bitcoin only when there is a need, but not because of the profits such an approach may be wrong since you invested in Bitcoin with the sole aim of making profits, anything aside that then means you will be systematically shortchanging yourself on the long run.Invest in bitcoin and will only sell when there is a need, I think this is only for people who buy bitcoin at very low prices or who have become rich to suit this method. For ordinary investors like us who want to profit from bitcoin it is a bad idea. In my opinion, buying at a high price is not important as long as we still make a profit from it. Many people are afraid to sell bitcoin because they think they have to buy it back at a high price compared to the previous price. It is a misconception because this is a financial market and prices will always fluctuate so there will always be opportunities for us to buy low and sell high. As long as bitcoin still has plenty of upside potential in the future and remains profitable, there's nothing wrong with selling and buying back afterward.
September 04, 2023, 08:59:45 PM
I think if you are a long-term HODLER just buy DCA and forgetting about the price as long the price is not ATH yet and add more if reach ATL but bitcoin will never reach atl hahhah so just bought it and forget it and if you have money just buy again and only sell when new ATH reach
September 04, 2023, 05:35:13 PM
Absolutely nothing stops my DCA accumulation. I am not trying to time the market and definitely don’t trade, even though it would have historically been extremely profitable to do so. Price speculation is mostly for fun and to keep a handle on the goings on in the market so that you can recognize multi-year peaks and valleys.
September 04, 2023, 05:30:10 PM
The best DCA approach os to buy at the lower level and sell at the top of the price, it not good to buy at the top because doing so will affect your overall DCA strategy since you will eventually be at lose in the shot while when the price of bitcoin will nose dive to correct the market at that point.
Is there any way to truly know the top? When people make comments about selling at the top and buying at the bottom for a trending market, it always sound like complex to me because market can give several supposed tops within a short period. Some people bought bitcoin when the price was below 15k abd that is a pretty low pruce and at the moment were bitcoin is priced above 25k such Bitcoin investor will be at gain by now, so to such investor now is the top price and if ge dexide to cashout gis Bitcoin, he already cashing out at top price.
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Furthermore, I don't know the approach other people uses but to me the best is to sell Bitcoin strictly base on needs and not because I want to make quick profit. Although I am holding for a long so my approach might be a kind of different from others. With DCA, I wouldn't want to sell to replenish later as there are high chances that when you sell, you will never replenish your portfolio to the Bitcoin quantity you sold off.
Since you already stated that you are a long term Bitcoin holder, i won't make much emphasis on the part where you said we should sell Bitcoin only when there is a need, but not because of the profits such an approach may be wrong since you invested in Bitcoin with the sole aim of making profits, anything aside that then means you will be systematically shortchanging yourself on the long run. 
September 02, 2023, 05:50:12 PM
The best DCA approach os to buy at the lower level and sell at the top of the price, it not good to buy at the top because doing so will affect your overall DCA strategy since you will eventually be at lose in the shot while when the price of bitcoin will nose dive to correct the market at that point.
Is there any way to truly know the top? When people make comments about selling at the top and buying at the bottom for a trending market, it always sound like complex to me because market can give several supposed tops within a short period. None, there is no way for us to know the top, and for that matter, the bottom price. That's why if we know TA, it could help us a bit. But there are a lot of factors to look at and maybe the best approach for us know where to sell is to weight everything on your end.
Furthermore, I don't know the approach other people uses but to me the best is to sell Bitcoin strictly base on needs and not because I want to make quick profit. Although I am holding for long so my approach might be a kind of different from others. With DCA, I wouldn't want to sell to replenish later as there are high chances that when you sell, you will never replenish your portfolio to the Bitcoin quantity you sold off.
And that's why we always say invest what you can afford to lose. I mean if you need the money, yeah you can sell it the best time that you think. But if you are here for the long run, maybe at least one bear/bull cycle, then it could really benefit you from seeing huge profits specially when you sell at about the peak of the bull run. Or even if you sold when the price is going down, I still think you can make profits as long as the selling point is on the bull run.
September 02, 2023, 06:11:39 AM
The best DCA approach os to buy at the lower level and sell at the top of the price, it not good to buy at the top because doing so will affect your overall DCA strategy since you will eventually be at lose in the shot while when the price of bitcoin will nose dive to correct the market at that point.
Is there any way to truly know the top? When people make comments about selling at the top and buying at the bottom for a trending market, it always sound like complex to me because market can give several supposed tops within a short period. Furthermore, I don't know the approach other people uses but to me the best is to sell Bitcoin strictly base on needs and not because I want to make quick profit. Although I am holding for long so my approach might be a kind of different from others. With DCA, I wouldn't want to sell to replenish later as there are high chances that when you sell, you will never replenish your portfolio to the Bitcoin quantity you sold off.
September 02, 2023, 02:48:33 AM
When you have chosen the DCA approach to accumulate Bitcoin, that means you choose to regularly invest in Bitcoin, regardless of what the price is on the market, assuming the price of Bitcoin is still at a price that makes sense for you to buy. For example, the current Bitcoin price is in the $20k-$30k range, so that is the price you can buy.
The best DCA approach os to buy at the lower level and sell at the top of the price, it not good to buy at the top because doing so will affect your overall DCA strategy since you will eventually be at lose in the shot while when the price of bitcoin will nose dive to correct the market at that point.And more also DCA approach is a parallel market approach and doesn't face one direction of buying Bitcoin alon but also you need to do both ways to get the best out of the approach which is buying and selling gaving DCA as you tool at every moment of action.
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As long as the price is still in that price range, you will still be doing DCA every week or month. But when the price goes to $ 30k- $ 40k, you have to rearrange the strategy but you may still do DCA every week. At least that's what I did with a small capital to collect Bitcoin.
Yea using smaller amount to DCA when price is relatively high is a good approach, at least you will nkt be left behind when if the price of Bitcoin continues to rise and also you will not be in too much lose if the price correct back suddenly. Quote
And because your selling target is long-term, you don't need to worry about price movements. If it's still within that price range, you can continue the DCA until you feel you have enough Bitcoin or it's time to hold on and wait for the Bitcoin price to increase. But DCA strategy varies from one person to another and there are differences in the use of capital too. So as long as you still feel capable of doing DCA, just do it. But if you start feeling inadequate, it's better to stop doing DCA and look for other ways.
DCA approach is best for the long term only if you are approaching the market from the Bitcoin accumulation journey, This is long-term based and the approach will help you in collecting enough bitcoin in the long run.But also we have some bitcoin speculators, a trader who uses the DCA approach to analyse and deal on the market price at each point by buying low and selling high.
August 26, 2023, 10:42:46 PM
When you have chosen the DCA approach to accumulate Bitcoin, that means you choose to regularly invest in Bitcoin, regardless of what the price is on the market, assuming the price of Bitcoin is still at a price that makes sense for you to buy. For example, the current Bitcoin price is in the $20k-$30k range, so that is the price you can buy.
As long as the price is still in that price range, you will still be doing DCA every week or month. But when the price goes to $ 30k- $ 40k, you have to rearrange the strategy but you may still do DCA every week. At least that's what I did with a small capital to collect Bitcoin.
And because your selling target is long term, you don't need to worry about price movements. If it's still within that price range, you can continue the DCA until you feel you have enough Bitcoin or it's time to hold on and wait for the Bitcoin price to increase. But DCA strategy varies from one person to another and there are differences in the use of capital too. So as long as you still feel capable of doing DCA, just do it. But if you start feeling inadequate, it's better to stop doing DCA and look for other ways.
As long as the price is still in that price range, you will still be doing DCA every week or month. But when the price goes to $ 30k- $ 40k, you have to rearrange the strategy but you may still do DCA every week. At least that's what I did with a small capital to collect Bitcoin.
And because your selling target is long term, you don't need to worry about price movements. If it's still within that price range, you can continue the DCA until you feel you have enough Bitcoin or it's time to hold on and wait for the Bitcoin price to increase. But DCA strategy varies from one person to another and there are differences in the use of capital too. So as long as you still feel capable of doing DCA, just do it. But if you start feeling inadequate, it's better to stop doing DCA and look for other ways.
August 26, 2023, 10:05:31 PM
I'm not directly buying Bitcoin myself; instead, I rely on signature campaign payments and never cash out a single Satoshi. Payments are made on a weekly basis, and due to some personal stuff going on now, I've missed a week or two. However, despite me not buying Bitcoin myself, this is still a form of DCA, because I could potentially withdraw every payment that went through. If I was in a dire financial situation and needed the money, then I guess I'd be forced to do it.
The last time I checked, my DCA, or average purchase price, was approximately $28,000, which means that I'm at a loss now. Although I don't find it significant enough to bother me, In my opinion, a decent average purchase price is somewhere between $24,000 and $25,000, which isn't too low nor too high to not be presented with great opportunities in the future. Unfortunately, even though I was in the Bitcoin scene quite early, I didn't have the chance to own Bitcoin when its value was significantly lower.
The last time I checked, my DCA, or average purchase price, was approximately $28,000, which means that I'm at a loss now. Although I don't find it significant enough to bother me, In my opinion, a decent average purchase price is somewhere between $24,000 and $25,000, which isn't too low nor too high to not be presented with great opportunities in the future. Unfortunately, even though I was in the Bitcoin scene quite early, I didn't have the chance to own Bitcoin when its value was significantly lower.
Accumulating bitcoins from signature campaign payments isn't too bad if you haven't sold any bitcoins yet. But why don't you buy bitcoin directly? I mean, we're in bear season and with many big drops like bitcoin down to $15k, it's a great time to buy bitcoin on the cheap. Since I think the opportunity to buy cheap bitcoin under 20k is not too much, we should take advantage of every opportunity we get. Just like many people were scared when they saw bitcoin plummet so did not dare to buy, and now they have to buy at a much higher price.
I'm possibly going to regret it in the long run because Bitcoin is quite affordable at the moment and the capabilities of a 100% yield are extremely plausible in the next year.
That sounds pretty sad, but you are correct in making the choice not to invest directly in bitcoin when there is no steady income. I support your decision. You have chosen the safe option, unlike some people even though they do not have a stable income or are unemployed and they think of borrowing money to invest in bitcoin. Although success requires trade-offs, it is important to consider the risks we may take, not to take risks blindly and foolishly.
If circumstances don't allow you to invest then I don't think you need to regret it because as long as bitcoin is around, the opportunity will still be with us.
August 26, 2023, 01:30:35 PM
I honestly could have purchased but did not, as I don't have a stable income at the moment and will not have for at least two more months and possibly even more, apart from signature campaigns and another minor source, which isn't enough, especially if you consider that signature campaign earnings strictly remain in my wallet untouched till the market recovers.
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Not having a steady income means that you have to think about how to manage your finances well to cover your living expenses and postpone your investment plans.-snip-
But if you have some small sources of income from side jobs or signature campaign fees, it could be a good opportunity to start doing DCA.
Even if the signature campaign fees you use are small, at least you still have the opportunity to continue collecting Bitcoin.
I myself continue to collect Bitcoin from the signature campaign that I use.
Do DCA every week and it is the best way instead of having to use savings for other purposes or sudden needs.
Always use unplanned money for future needs.
That's everyone's advice here and it's the right thing to do.
August 26, 2023, 12:53:23 PM
I'm not directly buying Bitcoin myself; instead, I rely on signature campaign payments and never cash out a single Satoshi. Payments are made on a weekly basis, and due to some personal stuff going on now, I've missed a week or two. However, despite me not buying Bitcoin myself, this is still a form of DCA, because I could potentially withdraw every payment that went through. If I was in a dire financial situation and needed the money, then I guess I'd be forced to do it.
The last time I checked, my DCA, or average purchase price, was approximately $28,000, which means that I'm at a loss now. Although I don't find it significant enough to bother me, In my opinion, a decent average purchase price is somewhere between $24,000 and $25,000, which isn't too low nor too high to not be presented with great opportunities in the future. Unfortunately, even though I was in the Bitcoin scene quite early, I didn't have the chance to own Bitcoin when its value was significantly lower.
The last time I checked, my DCA, or average purchase price, was approximately $28,000, which means that I'm at a loss now. Although I don't find it significant enough to bother me, In my opinion, a decent average purchase price is somewhere between $24,000 and $25,000, which isn't too low nor too high to not be presented with great opportunities in the future. Unfortunately, even though I was in the Bitcoin scene quite early, I didn't have the chance to own Bitcoin when its value was significantly lower.
Accumulating bitcoins from signature campaign payments isn't too bad if you haven't sold any bitcoins yet. But why don't you buy bitcoin directly? I mean, we're in bear season and with many big drops like bitcoin down to $15k, it's a great time to buy bitcoin on the cheap. Since I think the opportunity to buy cheap bitcoin under 20k is not too much, we should take advantage of every opportunity we get. Just like many people were scared when they saw bitcoin plummet so did not dare to buy, and now they have to buy at a much higher price.
I'm possibly going to regret it in the long run because Bitcoin is quite affordable at the moment and the capabilities of a 100% yield are extremely plausible in the next year.
August 26, 2023, 06:11:41 AM
I'm not directly buying Bitcoin myself; instead, I rely on signature campaign payments and never cash out a single Satoshi. Payments are made on a weekly basis, and due to some personal stuff going on now, I've missed a week or two. However, despite me not buying Bitcoin myself, this is still a form of DCA, because I could potentially withdraw every payment that went through. If I was in a dire financial situation and needed the money, then I guess I'd be forced to do it.
The last time I checked, my DCA, or average purchase price, was approximately $28,000, which means that I'm at a loss now. Although I don't find it significant enough to bother me, In my opinion, a decent average purchase price is somewhere between $24,000 and $25,000, which isn't too low nor too high to not be presented with great opportunities in the future. Unfortunately, even though I was in the Bitcoin scene quite early, I didn't have the chance to own Bitcoin when its value was significantly lower.
The last time I checked, my DCA, or average purchase price, was approximately $28,000, which means that I'm at a loss now. Although I don't find it significant enough to bother me, In my opinion, a decent average purchase price is somewhere between $24,000 and $25,000, which isn't too low nor too high to not be presented with great opportunities in the future. Unfortunately, even though I was in the Bitcoin scene quite early, I didn't have the chance to own Bitcoin when its value was significantly lower.
As crypto is not allowed in my country, gathering bitcoin via signature campaigns remain the only and safest way to accumulate Bitcoins here. Since payments are made weekly so its automatically a DCA manner. Its also risk free since we are not buying bitcoins in exchange of fiat. I am not cashing out my Bitcoin till halving next year and I suggest others to HODL at least for one year. There is no need to panic about current price depletion, its just a temporary depletion.
Yes, I do agree, with signature campaigns, you can accumulate it every week and so this could also be consider DCA in my book. But for those who have the capital to begin with, when the price goes down, then maybe it's time for them to buy more. And inversely, if the price goes up, then their budget could only buy that much bitcoin in their wallet. So there is no risk in that method, you can continue to do it as long as you can with little risk on your end. You just have to be careful that you put it in a wallet that you can control.
August 26, 2023, 06:08:32 AM
So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?
For me? None, as you have said, it's DCA so regardless of the price then you will have to buy at certain put to continue what you have started. Of course when the price goes down, you might accumulate an additional sats.
But the end goal here is accumulation, so you do whatever phase you can whatever the price will be and just continue with it and fatten your wallet as much as you can thru DCA strategy.
August 26, 2023, 05:12:52 AM
I'm not directly buying Bitcoin myself; instead, I rely on signature campaign payments and never cash out a single Satoshi. Payments are made on a weekly basis, and due to some personal stuff going on now, I've missed a week or two. However, despite me not buying Bitcoin myself, this is still a form of DCA, because I could potentially withdraw every payment that went through. If I was in a dire financial situation and needed the money, then I guess I'd be forced to do it.
The last time I checked, my DCA, or average purchase price, was approximately $28,000, which means that I'm at a loss now. Although I don't find it significant enough to bother me, In my opinion, a decent average purchase price is somewhere between $24,000 and $25,000, which isn't too low nor too high to not be presented with great opportunities in the future. Unfortunately, even though I was in the Bitcoin scene quite early, I didn't have the chance to own Bitcoin when its value was significantly lower.
The last time I checked, my DCA, or average purchase price, was approximately $28,000, which means that I'm at a loss now. Although I don't find it significant enough to bother me, In my opinion, a decent average purchase price is somewhere between $24,000 and $25,000, which isn't too low nor too high to not be presented with great opportunities in the future. Unfortunately, even though I was in the Bitcoin scene quite early, I didn't have the chance to own Bitcoin when its value was significantly lower.
As crypto is not allowed in my country, gathering bitcoin via signature campaigns remain the only and safest way to accumulate Bitcoins here. Since payments are made weekly so its automatically a DCA manner. Its also risk free since we are not buying bitcoins in exchange of fiat. I am not cashing out my Bitcoin till halving next year and I suggest others to HODL at least for one year. There is no need to panic about current price depletion, its just a temporary depletion.
August 26, 2023, 04:10:45 AM
I'm not directly buying Bitcoin myself; instead, I rely on signature campaign payments and never cash out a single Satoshi. Payments are made on a weekly basis, and due to some personal stuff going on now, I've missed a week or two. However, despite me not buying Bitcoin myself, this is still a form of DCA, because I could potentially withdraw every payment that went through. If I was in a dire financial situation and needed the money, then I guess I'd be forced to do it.
The last time I checked, my DCA, or average purchase price, was approximately $28,000, which means that I'm at a loss now. Although I don't find it significant enough to bother me, In my opinion, a decent average purchase price is somewhere between $24,000 and $25,000, which isn't too low nor too high to not be presented with great opportunities in the future. Unfortunately, even though I was in the Bitcoin scene quite early, I didn't have the chance to own Bitcoin when its value was significantly lower.
The last time I checked, my DCA, or average purchase price, was approximately $28,000, which means that I'm at a loss now. Although I don't find it significant enough to bother me, In my opinion, a decent average purchase price is somewhere between $24,000 and $25,000, which isn't too low nor too high to not be presented with great opportunities in the future. Unfortunately, even though I was in the Bitcoin scene quite early, I didn't have the chance to own Bitcoin when its value was significantly lower.
Accumulating bitcoins from signature campaign payments isn't too bad if you haven't sold any bitcoins yet. But why don't you buy bitcoin directly? I mean, we're in bear season and with many big drops like bitcoin down to $15k, it's a great time to buy bitcoin on the cheap. Since I think the opportunity to buy cheap bitcoin under 20k is not too much, we should take advantage of every opportunity we get. Just like many people were scared when they saw bitcoin plummet so did not dare to buy, and now they have to buy at a much higher price.
August 25, 2023, 05:58:55 PM
I'm not directly buying Bitcoin myself; instead, I rely on signature campaign payments and never cash out a single Satoshi. Payments are made on a weekly basis, and due to some personal stuff going on now, I've missed a week or two. However, despite me not buying Bitcoin myself, this is still a form of DCA, because I could potentially withdraw every payment that went through. If I was in a dire financial situation and needed the money, then I guess I'd be forced to do it.
The last time I checked, my DCA, or average purchase price, was approximately $28,000, which means that I'm at a loss now. Although I don't find it significant enough to bother me, In my opinion, a decent average purchase price is somewhere between $24,000 and $25,000, which isn't too low nor too high to not be presented with great opportunities in the future. Unfortunately, even though I was in the Bitcoin scene quite early, I didn't have the chance to own Bitcoin when its value was significantly lower.
The last time I checked, my DCA, or average purchase price, was approximately $28,000, which means that I'm at a loss now. Although I don't find it significant enough to bother me, In my opinion, a decent average purchase price is somewhere between $24,000 and $25,000, which isn't too low nor too high to not be presented with great opportunities in the future. Unfortunately, even though I was in the Bitcoin scene quite early, I didn't have the chance to own Bitcoin when its value was significantly lower.
August 25, 2023, 05:50:56 PM
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So to survive with bitcoin DCA speculation you may have to rely so much on luck to be able to predict the right directions the market will take and plan to hold your bitcoin for the long term base instead of short term approach, we agree that there have been a lot of speculations around the media, predicting $100k BTC market price in 2024, but we have to also have it at the back of our mind that bitcoin is full of unpredictability so for that we may have some challenges trying to predict or relying on Bitcoin future price speculation.DCA is meant to average your buying price to your general holdings so experiencing price dump after your purchase is not a complete since you are expecting that it will happened that’s why you pirchase by batch in different price level.
Indeed DCA purpose is to average down the entry price in the market. So it is done when there is dip in the price of Bitcoin. We cannot averaged down if we buy on the uptrend, so DCA is done whenever there is a new lower low in the marketplace.
Price speculation is least of your concern whe you do DCA strategy since you will purchase whenever your target hits regardless of what’s happening in the price since you have a long term goal when you use DCA.
True, but obviously, the reason why we accumulate through DCA is to sell at a higher target price, so I believe speculating is part of the reason why we actively monitor the price trend of the market and buy the moment the price of BTC hits another lower low.
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