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Topic: Buy the DIP, and HODL! - page 106. (Read 135878 times)

hero member
Activity: 1358
Merit: 627
September 28, 2024, 04:01:45 PM
No need to divide it, if you have $10k which you want to use to invest in Bitcoin using lump sum strategy you just buy with it at once that is what lump sum is all about and then you hold, some people after accumulating Bitcoin using the lump sum strategy at a point they even forget they have a Bitcoin investment and they usually hold there Bitcoin for a very long term.
I'm not saying DCA is not a good strategy is a very good strategy and that is what I'm using now because I don't have the capital for a lump sum strategy, however no body should try impose any strategy on anyone especially the newbies we should learn to discuss all strategy and let people make there choice.
Lump sum or DCA is a nice strategy and anyone we use let's make sure we are holding.
I think you should change your mindset, indeed Lump sum is also good but if we apply investment for the long term, isn't it better to buy gradually. If I think gradual purchases can be concluded that we can buy bitcoin at different prices throughout our investment period. You buy at $44k, $45k or depending on the bitcoin price on the day of maturity to buy, that way you have unknowingly bought at every dip that occurs because that is the advantage of DCA.

If you mean to forget about the wallet because you don't want to touch the wallet in the near future then you can buy $5k for a special wallet that you keep the key as well as possible and forget it for the time you want. Well the remaining $5k you can buy via DCA for other wallets so the point I can conclude is that we continue to follow up on bitcoin purchases and that is a great way to increase Bitcoin ownership.
member
Activity: 112
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September 28, 2024, 02:42:27 PM
Also it could be the case that a car, motorcycle, computer,  phone self-improvement course might end up improving your productivity and/or your income, so you might have a list of items that you want to purchase, yet you focus on one of them at a time in the order of their priority rather than holding reserve funds for all of them at the same time.
Yeah you are right, your reserved funds should be used for something more important to you, if you use your reserved funds for something which is not on the priority list then it will affect you by leading you to dip hands into your Bitcoin investment, how's that now something that is not in the priority list or important to your life won't cause you any damage or affect you in anyway if you don't handle it, but something that is in your priority list or important to your life will cause you damage or affect you if you don't handle it, you can't abandon something that is of priority to you and have peace of mind but you can abandon something that is not of priority to you and have peace so when you abandon something that is not of priority to you it won't make you dip hands into your Bitcoin investment later on but if you abandon your priority and waste your income you will surely dip hands into your Bitcoin investment to settle the priority in your life one can't shy away from his or her priority in life and that is why we need to make list and know our priorities, reason being that some people don't know there priorities when they are faced with two things and they end up handling what is not a priority and regret later and making them hit a fuck up stage were they now dip hands into there Bitcoin investment.
legendary
Activity: 3948
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Self-Custody is a right. Say no to"Non-custodial"
September 28, 2024, 01:06:25 PM
then he would be able to invest into bitcoin more aggressively from thereafter with his future income or any income he has coming in... of course, the discretionary portion of the income (the part that is beyond what is needed for his expenses).
Usually I use such strategy as an investment method. I don't know how everyone else views this approach. But I always plan something new and try to implement it. I always try to keep reserve fund stronger than investment fund, you can say reserve fund is more important to me than investment fund. The reason I can say is that I am giving more security to my investment by giving more importance to reserve fund.

I think that initially, you need to think in terms of at least having some ability to cover your living expenses for a short period of time if you have loss of income and/or increases in your expenses.  A brand new investor may or may not have had a practice of keeping any kind of cash cushion, yet having the cash cushion becomes more important when investing in a volatile asset, such as bitcoin, since the volatility of bitcoin would likely justify that you would not want to be using it as your emergency and/or back up funds until perhaps it is quite well in profits.. or at least the concept of not using any of your BTC at a time that is not completely of your own choosing, and surely it seems that with some discipline guys should be excluding themselves from using any of their BTC for 4-10 years or longer after any time/amount that they invest into bitcoin.

Surely back up funds have various categories, including emergency funds, reserve funds and float, and so emergency funds seems to be a category that does not have a lot of discretion, at least for someone who might be trying to retain a certain level of preparedness for downfalls of cash and/or increases in expenses that he might have.  The more likely the unsteady income/expenses, then the larger amount of emergency funds will be required.  Reserve funds can still be used in emergencies, yet reserve funds could end up having a variety of purposes that they might be held, so there surely could be a certain level of empowerment in terms of having those kinds of funds available, yet the general idea is that reserve funds would tend to not be working funds and would likely end up suffering from ongoing debasement since being held in fiat, so there is no real high level of logic to want to keep a lot of funds in reserve funds rather than building an investment in bitcoin, except surely there can be some perceived negativity when guys might be concluding that any investment in bitcoin requires a 4-10year or longer lockup, so then there is more short term empowerment with reserve funds, even though the reserve funds are losing value.

So even if there is no real correct answer, I would still consider that there would be importance and priority in regards to wanting to build up the bitcoin stash in order to get to a point of having time in the market, since the money in reserve funds might be preparing you for down in BTC prices, it is not preparing you for UP... which is a quite common phenomena of having a lot of folks who are not really very prepared for UP.. which is part of the rationale behind our currently ongoing wealth redistribution from no coiners to coiners, and the ONLY way to be on the receiving end of our ongoing wealth redistribution is to be in bitcoin rather than being in fiat or whatever other asset you might be into besides bitcoin.

I usually divide my income by 3 to the amount left over after meeting the needs. I keep 1 part of 3 to investment fund and remaining 2 part to reserve fund. I am aggressive in investing while keeping the reserve fund in 2 again with 1 part reserved for emergency fund and the remaining 1 part bitcoin dip. That is, if I invest $100 a month in normal times (not including my investment amount for safety), I invest more than that when bitcoin dips. This amount is determined on my reserve fund. It is almost impossible to predict when Bitcoin will take a dive. So when Bitcoin takes a dive I watch my reserve fund and keep the money in the emergency fund and divide the remaining money by 5 and invest it with DCA. That is, my monthly DCA is $100, if I have $1,000 in the sinking fund, then $500 in emergency funds and $500 in aggressive investment. So 500 divided by 5 is $100. So for the next 5 months at the time of dip, I DCA $100+$100=$200. In this way, 1 out of 3 is investment and 2 is reserve fund. But one thing is to be noted, the money deposited for the emergency fund at the time of sinking is not added to the reserve fund again. That is, the first time when we divide the reserve fund into 2 parts and save 1 part for the emergency moment, later we form the reserve fund again. For example, in the first year the reserve fund is $1,000 to $500 for emergencies and $500 for being aggressive. Next year, keep the same reserve fund, $1000 to $500 for emergencies, $500 to be aggressive in investing. That means after 2 years the emergency fund will be $1000 and I used $1000 to be aggressive in investing. Such an approach may not be acceptable to many, but personally I have had success with this strategy so far.

Usually your emergency fund is built up and should never be touched, except for an actual emergency, and so if you otherwise have strong cashflow management, you should rarely, if ever, have any actual  emergency since you have already prepared to use various other funds before even touching your emergency funds. So if your income is $1.7k to $3.2k per month with an average of $2,400 and your expenses are $1,500 to $2,200 per month with an average of $1,800, then you could predict your expenses based on your worse case scenario and attempt to have $6,600 in your emergency fund.. Once you build up your emergency fund then you are not fucking around with it any more unless your expenses might go up or down and then you conclude that you should change the size of it based on changes in your monthly expenses.  Also, if you know in advance that there are certain months that you make more than others or you are expecting that you are going to have to change jobs in 6 months, then with that kind of notice, you already know that you are going to have potential disruptions to your income, so if you lose your income it is not an emergency because you already knew it was coming. Sure there are things that are known and things that are unknown, so you try to attempt to prepare for both, which is part of the rationale for the emergency funds.  

Yeah sure reserve funds can be ear marked for buying BTC on dips, but they also can be ear marked to save for: 1) buying a new car or motorcycle, 2) taking your spouse on a vacation, 3) saving to buy a bicycle (or some other gift for a kid), 3) updating your computer and/or your phone, 4) repair to your kitchen sink and/or plumbing 5) the purchase of some kind of a self-improvement course (which takes both time and money) and/or 6) some various other reasons, and so you know that the money has various different priorities in terms of timeline and/or quantities which are really ONLY going to be known by you..

People are not going to come to the same conclusions regarding how to go about saving for certain kinds of purchases that you might make and if you might choose to spend certain of that potentially discretionary money within the same month or you might have timelines for different expenses that are for certain months in the future that might even be several months down the road, but if you had promised your spouse a trip to some location in February, and you know that it will cost about $1,200, and so you had been saving about $100 per month and you have the amount saved up to $800, right now, you seem to be on track to have enough money saved up by February, but if you fuck up and you end up spending all or most of that saved up money, then you might be forced into a situation in which something like that vacation that was a low and/or medium priority ends up getting pushed up to a higher priority status.  ..and perhaps you have to take money from some other area, and hopefully you do not have to tap into your bitcoin based on you poor planning.

Also it could be the case that a car, motorcycle, computer,  phone self-improvement course might end up improving your productivity and/or your income, so you might have a list of items that you want to purchase, yet you focus on one of them at a time in the order of their priority rather than holding reserve funds for all of them at the same time.
hero member
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September 28, 2024, 12:28:38 PM
If I had money for lump sum I would have prefer that to DCA strategy because I would just buy at once and forget about it just keep holding I think it would give me more relaxation, I won't be thinking about Accumulating this week or month, I won't be stressing my brain on the percentage or on when to be aggressive in Accumulation.

That's very wrong because there is no way you will be able to accumulate the total amount of Bitcoin you have planned on having in the future at a time, though I can see that you don't understand so much about Lum sum strategy because you sre thinking that those who make use of Lum sum will no longer use the DCA because they have acquired all the amount of Bitcoin they had on there goal, actually that's totally false because what Lump sum stands for on your investment is that if at the process you are DCAing and you were privileged to have more extra funds you can use it to fasting up your investment by accumulating it at ones without allowing to intrude on your weekly DCA.

However I think is from the way you must have been going through your investment that makes you feel that there a mental stress on accumulating Bitcoin on a regular basis because the only thing that involves is having or setting a weekly amount to be accumulating on weekly and there nothing hard about it, perhaps you are just being too lazy on your Bitcoin investment that makes you want to be looking for a means to stop using DCA.
full member
Activity: 224
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Patience and hard work are the keys to success.
September 28, 2024, 12:26:26 PM
so then once his back up funds are built to a sufficiently stronger place, then he would be able to invest into bitcoin more aggressively from thereafter with his future income or any income he has coming in... of course, the discretionary portion of the income (the part that is beyond what is needed for his expenses).

Usually I use such strategy as an investment method. I don't know how everyone else views this approach. But I always plan something new and try to implement it. I always try to keep reserve fund stronger than investment fund, you can say reserve fund is more important to me than investment fund. The reason I can say is that I am giving more security to my investment by giving more importance to reserve fund.

I usually divide my income by 3 to the amount left over after meeting the needs. I keep 1 part of 3 to investment fund and remaining 2 part to reserve fund. I am aggressive in investing while keeping the reserve fund in 2 again with 1 part reserved for emergency fund and the remaining 1 part bitcoin dip. That is, if I invest $100 a month in normal times (not including my investment amount for safety), I invest more than that when bitcoin dips. This amount is determined on my reserve fund. It is almost impossible to predict when Bitcoin will take a dive. So when Bitcoin takes a dive I watch my reserve fund and keep the money in the emergency fund and divide the remaining money by 5 and invest it with DCA. That is, my monthly DCA is $100, if I have $1,000 in the sinking fund, then $500 in emergency funds and $500 in aggressive investment. So 500 divided by 5 is $100. So for the next 5 months at the time of dip, I DCA $100+$100=$200. In this way, 1 out of 3 is investment and 2 is reserve fund. But one thing is to be noted, the money deposited for the emergency fund at the time of sinking is not added to the reserve fund again. That is, the first time when we divide the reserve fund into 2 parts and save 1 part for the emergency moment, later we form the reserve fund again. For example, in the first year the reserve fund is $1,000 to $500 for emergencies and $500 for being aggressive. Next year, keep the same reserve fund, $1000 to $500 for emergencies, $500 to be aggressive in investing. That means after 2 years the emergency fund will be $1000 and I used $1000 to be aggressive in investing. Such an approach may not be acceptable to many, but personally I have had success with this strategy so far.
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
September 28, 2024, 11:09:16 AM
Research Bitcoin's market performance in every Q4 of a halving year. 👀
Actually, there's no need to research this....we've been in the Bitcoin world for a while and can see that bull runs usually happen in the last quarter of the year, as long as the market is bullish. So I wouldn't be surprised if Bitcoin gets super bullish in the last quarter (it's already starting). That $100k target is very feasible, and it could even go way higher than that. You never know, as prices tend to go wild during bull runs.
?
No need? But there is! We can't be uneducated fools who merely HODLing Bitcoin. Although, it's true that Bitcoin to six digits is "programmed", but we need to research, READ, be informed.

There is no need to study bitcoin in any kind of depth prior to getting started investing into it, perhaps beyond just considering that bitcoin has decently good chances to go up in the next 4-10 years or more.  The other thing for the investor to study is a mere conclusion about whether he has any disposable income or not, which he should already be able to assess whether he has an extra $10 or $100 or $1k or whatever might be his initial investment amount, and so from there on out if he starts to buy bitcoin on a weekly basis, he can get his cashflow management in order, which sometimes can take a while to get into a solid and strong place, and he can study various aspects of bitcoin at the same time.

Plus to those doubters who believe that $100,000 will be front-run by "traders" is laughable. Bitcoin has been accumulating between $50,000 and $75,000 and the doubters expect a surge of merely under 30%?
¯\_(ツ)_/¯

I agree with you here.  There are so many folks who are overly excited about $100k.  Sure, it is a nice round number, yet at the same time, it remains quite overrated as some kind of a stopping point or some target that is really meaningful in the whole scheme of things.

[edited out]
Yes in terms of investment lump sum investment can be very useful for an investor if he has excess money supply but he has to choose the right time to do it like dips price trend.

That is not true.   Lump sum does not have to be employed on the dip.  If you believe that lump sum has to be employed on the dip, then you don't seem to know what lump buying is or how it differs from buying on the dip.

Sure, you can choose to allocate some lump sum for buying on the dip, yet there are disadvantages to any waiting strategy in terms of how much of a dip you are wanting to get and/or how long you might want to wait for such possible dip that may or may not end up coming.

Whether you employ buying on the dip or not with the lump sum that you have available may also depend upon how much BTC you have already been accumulating.  If you are brand new to bitcoin and you have no bitcoin, then you would likely consider the matter differently as compared with someone who might have had been involved in buying bitcoin for more than 3 years.

And even with you, laijsica, potentially you have been involved buying bitcoin for 7-8 months (based on your forum registration date), you might not be advantaged by waiting for a dip versus just buying right away if you wre to have a lump sum amount of fiat come available to you.

Let's say that either a brand new person to bitcoin or you, suddenly came across $6k that he could completely authorize to invest into bitcoin.  What is that newbie bitcoin going to do with that money in terms of how to accumulate bitcoin?  What are you going to do?  You have three categories to consider, which is DCA, lump sum and buying on dip.  Sure, you can combine them, yet they are still three separate categories to consider, and the answer is not obvious since there are advantages and disadvantages to each of the three BTC buying methods. Maybe if someone is confused, then as a default starting point, he might consider to divide the money into three equal amounts $2k to each of the methods... yet surely his own particular circumstances may well make a difference, such as if either he had already been buying $100 per week in BTC in a DCA way and/or if he plans to continue such already existing $100 per week DCA strategy, the considerations of how to treat the extra $6k should be considered within such context, but also within the context of considering all of the guy's 9 factors.

If you don't get suitable bearish then you can start depositing bitcoins with DCA method and if you get low price of bitcoins during deposits regularly then lump sum buy may be more useful for you to get more holding in less time.

At least it seems that you understand the three methods, even though you seems to be conceptually mixing them up at the same time.

I think a typical Bitcoin investor would tend to buy in bulk when the price dips while staying with the DCA method.

That is a fair assessment if you already are within a dip and you receive the extra money.. yet if you are not in a dip, then lump sum buying would include deciding whether to buy right away or if it is worth it to wait for the dip with such money, and of course, you do not necessarily need to allocate the full amount to whatever decision you end up making.

Although it totally depends on his financial capability. By having a backup fund for invested assets and managing it for the long term you can get a lot of bitcoin holdings.

I would say that you are correct in the sense that if a guy has strong cashflow management systems in place, which would include having sufficient levels of back up funds, then he is in a stronger position to invest more aggressively into bitcoin with any potential extra income that he gets currently or in the future.  If his cashflow management and backup funds are not in a good position, then it well could be a good idea to use some of any current or future discretionary income (whether regular salary or some lump sum amounts that he might receive) to put his back up funds into a better position, and sure, since money is divisible, he can build his back up funds and his bitcoin holdings at the same time... so then once his back up funds are built to a sufficiently stronger place, then he would be able to invest into bitcoin more aggressively from thereafter with his future income or any income he has coming in... of course, the discretionary portion of the income (the part that is beyond what is needed for his expenses).

Lump sum buy for assets such as Bitcoin allow an investor to acquire larger holdings over a short period of time.

By definition, lump sum allows buying right away, so whether that is held in order to buy on dips, then that would cause it to be buying on dip deferral, or it could be deferred to buy in a DCA kind of way.. but yeah, if it is used to buy right away, then that becomes an option too, whenever anyone might receive a large quantity of cash that might not have had otherwise been available.
sr. member
Activity: 476
Merit: 359
September 28, 2024, 10:49:23 AM
Yes in terms of investment lump sum investment can be very useful for an investor if he has excess money supply but he has to choose the right time to do it like dips price trend. If you don't get suitable bearish then you can start depositing bitcoins with DCA method and if you get low price of bitcoins during deposits regularly then lump sum buy may be more useful for you to get more holding in less time.
In terms of investment, lump sum investments may be useful for an investor when the market is down and he has excess money supply at that time. Waiting for a dip in the market to make a lump sum investment seems nothing but foolish to me. Because we can't say anything accurate about the market as cryptomarkets are associated with volatility. If we have cash, why should we wait for dips and stop investing regularly? If we have a guaranteed source of income for investment, we will be ready to buy immediately, and even focus on buying bitcoins in any market situation.

So that Bitcoins are constantly accumulating and growing in our investment portfolio. Investors simply waiting for dips to invest can hinder their investment. As we have seen the top bitcoin holders in the world never wait for a dip in the market they do not hesitate to buy bitcoins whenever they have cash flow. Their only goal is to buy bitcoins at any price and increase their bitcoin investment or bitcoin holdings.
member
Activity: 112
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September 28, 2024, 10:01:52 AM
~Snip~
Yes in terms of investment lump sum investment can be very useful for an investor if he has excess money supply but he has to choose the right time to do it like dips price trend. If you don't get suitable bearish then you can start depositing bitcoins with DCA method and if you get low price of bitcoins during deposits regularly then lump sum buy may be more useful for you to get more holding in less time.
The method of buying in large quantities at once requires the right time such as market conditions in a Bearish phase and a large amount of money. For me, this method is very boring because it takes a long time to wait for the market to correct. However, DCA offers a solution without causing problems, investors can invest at any time with any amount without having to be tied to market value. This method allows investors to accumulate Bitcoin at an average price over the long term, while also avoiding the stress of trying to predict volatile market price movements.
When it comes to buying Bitcoin using the lump sum strategy there's no right time those that use lump sum strategy don't wait for any dip or time if you are waiting for a dip or any right time then what you are doing at that time is not lump sum anymore, in lump sum strategy when you decide to buy using lump sum strategy you don't care if there's a dip or good market condition you just accumulate and hold and that is what lump sum is all about.
All strategy is good, it all depends on a person I know of a big business man he said he does not have time to be accumulate Bitcoin week or monthly because he has other business his run and may even forget to accumulate some weeks or month if he uses DCA strategy because of his busy schedules that lump sum strategy is better for him, So everyone should do what works for him or her.
And you saying lump sum strategy is boring is not correct anyone who has other business he or she is running won't see it as being boring don't generalize something base on your own perspective.
hero member
Activity: 658
Merit: 562
September 28, 2024, 08:06:23 AM
If I had money for lump sum I would have prefer that to DCA strategy because I would just buy at once and forget about it just keep holding I think it would give me more relaxation, I won't be thinking about Accumulating this week or month, I won't be stressing my brain on the percentage or on when to be aggressive in Accumulation.
Some people with huge amount of money still prefer DCA strategy for me it all depends on what you feel will work for you.
I think it will be good will discuss about all strategy there advantage and disadvantage and let people make there own choice of the strategy they feel will be more better for them some newbies in this thread only know about DCA strategy and they feel other strategy are not good enough that's why people only talk about DCA strategy.
I think it's better to divide it into several stages if you have $10k. Buy $3k with Lump sum and another $3k you can put at a low price and $4k you can apply with the DCA strategy.
Especially if you plan to invest for the long term, of course DCA is better to apply.
I think you don't understand how DCA works because if you have applied it, you probably won't turn to other strategies.
I have been running routine investments for almost 2 years, DCA has always been my mainstay and in fact it is quite comfortable for me.

If you are still in the early stages of Bitcoin accumulation, I suggest buying normally, I mean you don't need to move aggressively before you are really ready to do it. Buying aggressively is also supported by strong finances at that time and if you don't have an increase in income at that time, of course it is better to buy as usual like the previous stage accumulation, for example $20, of course you just continue each stage with $20.
No need to divide it, if you have $10k which you want to use to invest in Bitcoin using lump sum strategy you just buy with it at once that is what lump sum is all about and then you hold, some people after accumulating Bitcoin using the lump sum strategy at a point they even forget they have a Bitcoin investment and they usually hold there Bitcoin for a very long term.
I'm not saying DCA is not a good strategy is a very good strategy and that is what I'm using now because I don't have the capital for a lump sum strategy, however no body should try impose any strategy on anyone especially the newbies we should learn to discuss all strategy and let people make there choice.
Lump sum or DCA is a nice strategy and anyone we use let's make sure we are holding.

Well lump summing is or can be one of the fastest way to accumulate more Bitcoin but if you must lump sum you must be financially stable to an extent else one will tamper or disturb his investment when it's not yet mature. No one is imposing any strategy to anyone rather they are discussing the safest way a newbie should follow if at all they want to invest in Bitcoin and people who are discussing these are people who has experience and have seen how it works and remember information is power, if you are not informed  you may choose the wrong path and at the end one start panicking so why not save yourself that... By utilizing the information that is been shared.
Yes in terms of investment lump sum investment can be very useful for an investor if he has excess money supply but he has to choose the right time to do it like dips price trend. If you don't get suitable bearish then you can start depositing bitcoins with DCA method and if you get low price of bitcoins during deposits regularly then lump sum buy may be more useful for you to get more holding in less time.

I think a typical Bitcoin investor would tend to buy in bulk when the price dips while staying with the DCA method. Although it totally depends on his financial capability. By having a backup fund for invested assets and managing it for the long term you can get a lot of bitcoin holdings. Lump sum buy for assets such as Bitcoin allow an investor to acquire larger holdings over a short period of time.
You are misunderstanding lump sum buying with buying at the dip. You don't need to wait for bitcoin price to dip before you can lump sum. Lump sum means buying right away no matter the price of bitcoin at that moment. For example, if I am DCAing with $100 every week and it happens that I got extra cash like $500 that I am not expecting and will not be needing at all for my expenses since I don't expect to it or work for it. Maybe, it was given to me by my Boss for motivation at work, if I buy bitcoin right away with $400 or all the $500 is what is called lump sum.

If you keep the money till bitcoin price dips before buying, you are buying at the dip. What if the dip did not come, it means that you will still be keeping the $500 waiting for the dip. I hope that you can see the difference now. Lump sum is good for you to mix it with your ongoing DCA buying in order for your bitcoin investment to grow faster.
hero member
Activity: 2114
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September 28, 2024, 07:32:50 AM
~Snip~
Yes in terms of investment lump sum investment can be very useful for an investor if he has excess money supply but he has to choose the right time to do it like dips price trend. If you don't get suitable bearish then you can start depositing bitcoins with DCA method and if you get low price of bitcoins during deposits regularly then lump sum buy may be more useful for you to get more holding in less time.
The method of buying in large quantities at once requires the right time such as market conditions in a Bearish phase and a large amount of money. For me, this method is very boring because it takes a long time to wait for the market to correct. However, DCA offers a solution without causing problems, investors can invest at any time with any amount without having to be tied to market value. This method allows investors to accumulate Bitcoin at an average price over the long term, while also avoiding the stress of trying to predict volatile market price movements.
full member
Activity: 322
Merit: 194
September 28, 2024, 07:03:05 AM
If I had money for lump sum I would have prefer that to DCA strategy because I would just buy at once and forget about it just keep holding I think it would give me more relaxation, I won't be thinking about Accumulating this week or month, I won't be stressing my brain on the percentage or on when to be aggressive in Accumulation.
Some people with huge amount of money still prefer DCA strategy for me it all depends on what you feel will work for you.
I think it will be good will discuss about all strategy there advantage and disadvantage and let people make there own choice of the strategy they feel will be more better for them some newbies in this thread only know about DCA strategy and they feel other strategy are not good enough that's why people only talk about DCA strategy.
I think it's better to divide it into several stages if you have $10k. Buy $3k with Lump sum and another $3k you can put at a low price and $4k you can apply with the DCA strategy.
Especially if you plan to invest for the long term, of course DCA is better to apply.
I think you don't understand how DCA works because if you have applied it, you probably won't turn to other strategies.
I have been running routine investments for almost 2 years, DCA has always been my mainstay and in fact it is quite comfortable for me.

If you are still in the early stages of Bitcoin accumulation, I suggest buying normally, I mean you don't need to move aggressively before you are really ready to do it. Buying aggressively is also supported by strong finances at that time and if you don't have an increase in income at that time, of course it is better to buy as usual like the previous stage accumulation, for example $20, of course you just continue each stage with $20.
No need to divide it, if you have $10k which you want to use to invest in Bitcoin using lump sum strategy you just buy with it at once that is what lump sum is all about and then you hold, some people after accumulating Bitcoin using the lump sum strategy at a point they even forget they have a Bitcoin investment and they usually hold there Bitcoin for a very long term.
I'm not saying DCA is not a good strategy is a very good strategy and that is what I'm using now because I don't have the capital for a lump sum strategy, however no body should try impose any strategy on anyone especially the newbies we should learn to discuss all strategy and let people make there choice.
Lump sum or DCA is a nice strategy and anyone we use let's make sure we are holding.

Well lump summing is or can be one of the fastest way to accumulate more Bitcoin but if you must lump sum you must be financially stable to an extent else one will tamper or disturb his investment when it's not yet mature. No one is imposing any strategy to anyone rather they are discussing the safest way a newbie should follow if at all they want to invest in Bitcoin and people who are discussing these are people who has experience and have seen how it works and remember information is power, if you are not informed  you may choose the wrong path and at the end one start panicking so why not save yourself that... By utilizing the information that is been shared.
Yes in terms of investment lump sum investment can be very useful for an investor if he has excess money supply but he has to choose the right time to do it like dips price trend. If you don't get suitable bearish then you can start depositing bitcoins with DCA method and if you get low price of bitcoins during deposits regularly then lump sum buy may be more useful for you to get more holding in less time.

I think a typical Bitcoin investor would tend to buy in bulk when the price dips while staying with the DCA method. Although it totally depends on his financial capability. By having a backup fund for invested assets and managing it for the long term you can get a lot of bitcoin holdings. Lump sum buy for assets such as Bitcoin allow an investor to acquire larger holdings over a short period of time.
legendary
Activity: 2898
Merit: 1823
September 28, 2024, 05:06:41 AM
Research Bitcoin's market performance in every Q4 of a halving year. 👀


Actually, there's no need to research this....we've been in the Bitcoin world for a while and can see that bull runs usually happen in the last quarter of the year, as long as the market is bullish. So I wouldn't be surprised if Bitcoin gets super bullish in the last quarter (it's already starting). That $100k target is very feasible, and it could even go way higher than that. You never know, as prices tend to go wild during bull runs.


?

No need? But there is! We can't be uneducated fools who merely HODLing Bitcoin. Although, it's true that Bitcoin to six digits is "programmed", but we need to research, READ, be informed.

Plus to those doubters who believe that $100,000 will be front-run by "traders" is laughable. Bitcoin has been accumulating between $50,000 and $75,000 and the doubters expect a surge of merely under 30%?

¯\_(ツ)_/¯
full member
Activity: 462
Merit: 136
EVO.io
September 28, 2024, 12:54:48 AM
If I had money for lump sum I would have prefer that to DCA strategy because I would just buy at once and forget about it just keep holding I think it would give me more relaxation, I won't be thinking about Accumulating this week or month, I won't be stressing my brain on the percentage or on when to be aggressive in Accumulation.
Some people with huge amount of money still prefer DCA strategy for me it all depends on what you feel will work for you.
I think it will be good will discuss about all strategy there advantage and disadvantage and let people make there own choice of the strategy they feel will be more better for them some newbies in this thread only know about DCA strategy and they feel other strategy are not good enough that's why people only talk about DCA strategy.
I think it's better to divide it into several stages if you have $10k. Buy $3k with Lump sum and another $3k you can put at a low price and $4k you can apply with the DCA strategy.
Especially if you plan to invest for the long term, of course DCA is better to apply.
I think you don't understand how DCA works because if you have applied it, you probably won't turn to other strategies.
I have been running routine investments for almost 2 years, DCA has always been my mainstay and in fact it is quite comfortable for me.

If you are still in the early stages of Bitcoin accumulation, I suggest buying normally, I mean you don't need to move aggressively before you are really ready to do it. Buying aggressively is also supported by strong finances at that time and if you don't have an increase in income at that time, of course it is better to buy as usual like the previous stage accumulation, for example $20, of course you just continue each stage with $20.
No need to divide it, if you have $10k which you want to use to invest in Bitcoin using lump sum strategy you just buy with it at once that is what lump sum is all about and then you hold, some people after accumulating Bitcoin using the lump sum strategy at a point they even forget they have a Bitcoin investment and they usually hold there Bitcoin for a very long term.
I'm not saying DCA is not a good strategy is a very good strategy and that is what I'm using now because I don't have the capital for a lump sum strategy, however no body should try impose any strategy on anyone especially the newbies we should learn to discuss all strategy and let people make there choice.
Lump sum or DCA is a nice strategy and anyone we use let's make sure we are holding.

Well lump summing is or can be one of the fastest way to accumulate more Bitcoin but if you must lump sum you must be financially stable to an extent else one will tamper or disturb his investment when it's not yet mature. No one is imposing any strategy to anyone rather they are discussing the safest way a newbie should follow if at all they want to invest in Bitcoin and people who are discussing these are people who has experience and have seen how it works and remember information is power, if you are not informed  you may choose the wrong path and at the end one start panicking so why not save yourself that... By utilizing the information that is been shared.
member
Activity: 364
Merit: 44
★Bitvest.io★ Play Plinko or Invest
September 27, 2024, 09:35:46 PM
It seems to me that part of EarnOnVictor's problem is that he is spouting out that there is supposedly some better strategy than DCA, but he does not really particularize such strategy in a replicable way including figuring out how to show normies how to follow such a supposed superior strategy in terms of acquiring and/or maintaining their BTC position.
You are actually misrepresenting the fact once again, as usual, perhaps you are trying to deviate from the major. DCA is a very good investment strategy and no one is comparing strategies here, I don't do that, get this straight. I rather vary my preferred strategies based on the market conditions, DCA is just one, we have enough of them but I don't know why that is difficult for you other than your own belief of HODLing alone and using the DCA approach for it. So static! It mustn't be them for everyone, it's your choice.

If you must know, I HODL and DCA, so you don't teach me what I know. But what you don't know or do not want to agree to is for one to be a smart investor, it's just your HODL and DCA, you even do it with disregard to other factors that can better maximize your earnings or preserve your portfolio better. You are lucky Bitcoin is a good asset, other markets would have punished you for it.

Whether I HODL or DCA, my investment chart must approve it, I don't do anything blindly, it doesn't matter the years I leave it running but the striking price must be reasonable with a reasonable market condition. This has been my guide ever since, for instance, why should I DCA when I see a potential price reversal? For what reason should I enter fire when I know it is going to rain fire? Why not be patient for the reverse to happen before applying the DCA at a better price? Investing is not by force and I don't know why safe investing is difficult for you to acknowledge. Investing is more detailed than all these things you guys read and watch online, try to do some practical studies yourself by using what you learned as the fundamentals.

If no one is comparing strategies here what are we actually doing here, @JayJuanGee has never frowned at any other Bitcoin investment strategy but he continuously mention DCA method because he knows that this strayegy allows everyone to buy at anytime conveniently with what the can afford and maintain instead of waiting for the dip as you have always said, lets put the the record straight since we are all learning, if there is any other strategy that every bitcoiner can use to acummulate Bitcoin thats better than DCA method i think is time for you to tell us, you said we have a lot of them, I think it will be better for you to mention them so that we can learn from you, sometimes I don't even understand your points, I believe bitcoin is a long-term asset, are you advising people to buy only when the price dips, if that's the case what's they need for DCA itself, i think you are the one misrepresenting this undeniable facts, yea whatsoever strategy you chose to work with I think is your choce but say things the way it should be to avoid passing the wrong information to newbies.

Am very happy you acknowledge the fact that Bitcoin is a good asset, don't you think that's the reason why @JayJuanGee like to lay more emphasis on DCA method as a good strategy to use in accumulating Bitcoin at all time irrespective of the price knowing fully well that having a bulky portfolio and hodling for a long-term is the goal, investing might be more detailed than we read online as you said but does DCA method have different meaning than the one we know, was DCA method introduced for investors to apply it only on a better price as you mentioned,I think your are passing a wrong idea to newbies here although I understand that everyone has there mathod of investment and no one can change that because is their choice but it will be better for us to give investment advise that's worth emulating by intending and existing investors.

Though everyone is entitled to it's opinion if it goes in line with the direction to which a good lesson or purpose of this thread is been created "Promocodeudo" I some much agree with you towards this correction because for me even if other method of accumulating Bitcoin exist I don't think it can helpful as compare to the DCA method mostly in terms of newbies having great access to. Accumulate as the DCA method gives Bitcoin is not just a cent token or coin that one can easily accumulate you really one really need method like this DCA with allowed any category of person to access the investment as it create opportunity to any level, else it's not easy to because many fear towards the investment on Bitcoin is not on the volatility but they are not financially competent but this method of DCA help the investor with Small income to rationalize it income and still have access to invest as the small  fraction and accumulating on regular basis can still usher the investor opportunity of making it huge with time. Anything contrary to this method is completely shading away newbie which can't afford huge amount to invest on Bitcoin DCA is through definition of the saying slow steady win the raise I don't think there is any method that favor newbies more that this very method of DCA mean while is not just newbies the DCA is for all classes of investor.

sr. member
Activity: 616
Merit: 414
September 27, 2024, 08:40:23 PM
It seems to me that part of EarnOnVictor's problem is that he is spouting out that there is supposedly some better strategy than DCA, but he does not really particularize such strategy in a replicable way including figuring out how to show normies how to follow such a supposed superior strategy in terms of acquiring and/or maintaining their BTC position.
You are actually misrepresenting the fact once again, as usual, perhaps you are trying to deviate from the major. DCA is a very good investment strategy and no one is comparing strategies here, I don't do that, get this straight. I rather vary my preferred strategies based on the market conditions, DCA is just one, we have enough of them but I don't know why that is difficult for you other than your own belief of HODLing alone and using the DCA approach for it. So static! It mustn't be them for everyone, it's your choice.

If you must know, I HODL and DCA, so you don't teach me what I know. But what you don't know or do not want to agree to is for one to be a smart investor, it's just your HODL and DCA, you even do it with disregard to other factors that can better maximize your earnings or preserve your portfolio better. You are lucky Bitcoin is a good asset, other markets would have punished you for it.

Whether I HODL or DCA, my investment chart must approve it, I don't do anything blindly, it doesn't matter the years I leave it running but the striking price must be reasonable with a reasonable market condition. This has been my guide ever since, for instance, why should I DCA when I see a potential price reversal? For what reason should I enter fire when I know it is going to rain fire? Why not be patient for the reverse to happen before applying the DCA at a better price? Investing is not by force and I don't know why safe investing is difficult for you to acknowledge. Investing is more detailed than all these things you guys read and watch online, try to do some practical studies yourself by using what you learned as the fundamentals.

If no one is comparing strategies here what are we actually doing here, @JayJuanGee has never frowned at any other Bitcoin investment strategy but he continuously mention DCA method because he knows that this strayegy allows everyone to buy at anytime conveniently with what the can afford and maintain instead of waiting for the dip as you have always said, lets put the the record straight since we are all learning, if there is any other strategy that every bitcoiner can use to acummulate Bitcoin thats better than DCA method i think is time for you to tell us, you said we have a lot of them, I think it will be better for you to mention them so that we can learn from you, sometimes I don't even understand your points, I believe bitcoin is a long-term asset, are you advising people to buy only when the price dips, if that's the case what's they need for DCA itself, i think you are the one misrepresenting this undeniable facts, yea whatsoever strategy you chose to work with I think is your choce but say things the way it should be to avoid passing the wrong information to newbies.

Am very happy you acknowledge the fact that Bitcoin is a good asset, don't you think that's the reason why @JayJuanGee like to lay more emphasis on DCA method as a good strategy to use in accumulating Bitcoin at all time irrespective of the price knowing fully well that having a bulky portfolio and hodling for a long-term is the goal, investing might be more detailed than we read online as you said but does DCA method have different meaning than the one we know, was DCA method introduced for investors to apply it only on a better price as you mentioned,I think your are passing a wrong idea to newbies here although I understand that everyone has there mathod of investment and no one can change that because is their choice but it will be better for us to give investment advise that's worth emulating by intending and existing investors.
member
Activity: 112
Merit: 61
September 27, 2024, 06:33:34 PM
If I had money for lump sum I would have prefer that to DCA strategy because I would just buy at once and forget about it just keep holding I think it would give me more relaxation, I won't be thinking about Accumulating this week or month, I won't be stressing my brain on the percentage or on when to be aggressive in Accumulation.
Some people with huge amount of money still prefer DCA strategy for me it all depends on what you feel will work for you.
I think it will be good will discuss about all strategy there advantage and disadvantage and let people make there own choice of the strategy they feel will be more better for them some newbies in this thread only know about DCA strategy and they feel other strategy are not good enough that's why people only talk about DCA strategy.
I think it's better to divide it into several stages if you have $10k. Buy $3k with Lump sum and another $3k you can put at a low price and $4k you can apply with the DCA strategy.
Especially if you plan to invest for the long term, of course DCA is better to apply.
I think you don't understand how DCA works because if you have applied it, you probably won't turn to other strategies.
I have been running routine investments for almost 2 years, DCA has always been my mainstay and in fact it is quite comfortable for me.

If you are still in the early stages of Bitcoin accumulation, I suggest buying normally, I mean you don't need to move aggressively before you are really ready to do it. Buying aggressively is also supported by strong finances at that time and if you don't have an increase in income at that time, of course it is better to buy as usual like the previous stage accumulation, for example $20, of course you just continue each stage with $20.
No need to divide it, if you have $10k which you want to use to invest in Bitcoin using lump sum strategy you just buy with it at once that is what lump sum is all about and then you hold, some people after accumulating Bitcoin using the lump sum strategy at a point they even forget they have a Bitcoin investment and they usually hold there Bitcoin for a very long term.
I'm not saying DCA is not a good strategy is a very good strategy and that is what I'm using now because I don't have the capital for a lump sum strategy, however no body should try impose any strategy on anyone especially the newbies we should learn to discuss all strategy and let people make there choice.
Lump sum or DCA is a nice strategy and anyone we use let's make sure we are holding.
hero member
Activity: 1358
Merit: 627
September 27, 2024, 04:36:32 PM
If I had money for lump sum I would have prefer that to DCA strategy because I would just buy at once and forget about it just keep holding I think it would give me more relaxation, I won't be thinking about Accumulating this week or month, I won't be stressing my brain on the percentage or on when to be aggressive in Accumulation.
Some people with huge amount of money still prefer DCA strategy for me it all depends on what you feel will work for you.
I think it will be good will discuss about all strategy there advantage and disadvantage and let people make there own choice of the strategy they feel will be more better for them some newbies in this thread only know about DCA strategy and they feel other strategy are not good enough that's why people only talk about DCA strategy.
I think it's better to divide it into several stages if you have $10k. Buy $3k with Lump sum and another $3k you can put at a low price and $4k you can apply with the DCA strategy.
Especially if you plan to invest for the long term, of course DCA is better to apply.
I think you don't understand how DCA works because if you have applied it, you probably won't turn to other strategies.
I have been running routine investments for almost 2 years, DCA has always been my mainstay and in fact it is quite comfortable for me.

If you are still in the early stages of Bitcoin accumulation, I suggest buying normally, I mean you don't need to move aggressively before you are really ready to do it. Buying aggressively is also supported by strong finances at that time and if you don't have an increase in income at that time, of course it is better to buy as usual like the previous stage accumulation, for example $20, of course you just continue each stage with $20.
sr. member
Activity: 602
Merit: 263
September 27, 2024, 04:36:29 PM
Research Bitcoin's market performance in every Q4 of a halving year. 👀
Actually, there's no need to research this....we've been in the Bitcoin world for a while and can see that bull runs usually happen in the last quarter of the year, as long as the market is bullish. So I wouldn't be surprised if Bitcoin gets super bullish in the last quarter (it's already starting). That $100k target is very feasible, and it could even go way higher than that. You never know, as prices tend to go wild during bull runs.

Exactly, We can`t actually tell the price bitcoin going to end with in this bullrun, and this bullrun kinda unique compare to the previous , And  base on how things is going this bullish market will be one of the best so far because each day bitcoin is getting more adoption.

And the painful part is that alot of people that are going to miss such wonderful opportunity in bitcoin , Due to doubting and procrastinating. hope at the end we will be among those that is going to endup smiling after seeing bitcoin price surging   
member
Activity: 112
Merit: 61
September 27, 2024, 03:45:25 PM
Criticising DCA as overhyped means you don't fully grasp the effectiveness of the strategy regardless of market conditions. DCA strategy is a wise move for those who prefer not to wait for bearish market before investing. Many investors are leaning towards using DCA strategy  in Bitcoin because it offers a way to invest consistently without timing the market, and it also helps one not to make poor decisions due short-term fluctuations. By consistently investing a portion of your income/ earnings through DCA, you avoid the the risk of using those funds for other purposes while waiting for  a bearish market. The  strategy is helps you to stay disciplined and committed to your investment ensuring that you build your bitcoin holding overtime  without the temptation of to spend the money elsewhere.

The fundamentals of bitcoin as an assets and the growth potentials overtime is the  reason for long-term investment. Those who bought bitcoin in 2021 at 68k, while the initial investment may have been made high  price, the long-term outlook for bitcoins value and adoption  could still offer the potential for profit in the future. Staying committed and having faith in the long term growth of bitcoin

I think more knowledge about DCA is needed. The main objective of DCA is to increase the probability of profit by reducing the probability of loss. As the Bitcoin market is volatile, there is a possibility of loss, often a long-term investment. As you mentioned in 2021 when bitcoin was $68k if a person suddenly bought 1 bitcoin, 4 years later he would still be at a loss. Because Bitcoin's current price is $65+ which is $3k less than $68. If that same person were to buy 1 bitcoin using the DCA method, the average price would be approximately $50k. That is, today he would have made a profit of approximately $15 instead of his loss.

Such examples are given only to illustrate the point of convenience. My personal advice would be to plan for the longer term with Bitcoin. Maybe 12 years or more. One more tip I would give you is to start an investment fund from the beginning of your career till the end which will be part of your retirement plan. Its tenure may be 25 years or 30 years or more.
If I had money for lump sum I would have prefer that to DCA strategy because I would just buy at once and forget about it just keep holding I think it would give me more relaxation, I won't be thinking about Accumulating this week or month, I won't be stressing my brain on the percentage or on when to be aggressive in Accumulation.
Some people with huge amount of money still prefer DCA strategy for me it all depends on what you feel will work for you.
I think it will be good will discuss about all strategy there advantage and disadvantage and let people make there own choice of the strategy they feel will be more better for them some newbies in this thread only know about DCA strategy and they feel other strategy are not good enough that's why people only talk about DCA strategy.

legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
September 27, 2024, 03:08:26 PM
[edited out]
........Now I can't recall whetheryou have said this before @JayJuanGee, but are there coins that you would not necessarily put on the shit coin list other than bitcoin?

Don't get me wrong.  Even though I mentioned that it is acceptable for someone to invest up to 10% of the size of his BTC holdings into shitcoins/trading and/or gambling, I am not endorsing any of those activities or even proclaiming that any shitcoin is worthy of investment or that it is appropriate for this topic to get into any slippery slope topic in regards to which shitcoin is less shitty than some other shitcoin.  I think that if there are projects that attempt to link or build on bitcoin as second layers and they do not have their own token, then those probably would not be shitcoins, even though some of the projects that are built on bitcoin might well end up failing.  many times, we might ask a project that has a token that if they are intending to build on bitcoin, then why do they need their own token?  what is the purpose of the token?

I thought that I already tried to acknowledge that there are likely people who cannot resist to believe that they might be missing out on some kind of possible other gains (related to shitcoins) or that there might be some interesting "innovations" happening in regards to various shitcoins, so even though I am not recommending that anyone gets distracted in that direction, I am trying to suggest to attempt to limit their distraction to less than 10 % of their bitcoin investment. Surely the longer that someone is in bitcoin, understanding it and also understanding other projects, then of course, they will be free to come to their own determinations in regards to the extent to which they might conclude that there might be some value to invest time, energy and value into some shitcoin that they determine to have redemptive values.

Frequently, I think that it is preferable that we try to stick with various basic starting out principles in regards to the audience of this thread or any other forum thread, unless the thread happens to be some kind of a speciality thread.  So, there are so many forum members (and even people in the world) who happen to be no coiners or low coiners, and they are still in their earliest of stages of building their bitcoin investment portfolio, so I think that we should be attempting to address those kinds of audiences in these kind of general bitcoin threads or bitcoin investment threads.

I do hold some shitcoins, and they are around less than 0.5% (that is less than a whole percent) of my total BTC investment portfolio, and I don't hardly fuck around with any of them at all or even recommend any of them, since I likely just hold them for various reasons that might just relate to having some other transaction options, even though there are rarely opportunities to transact in any of them.. and sometimes if there is some trouble with one or another of them, then I am forced with trying to figure out what to do about the matter.. which probably takes more time than I would like to spend in relation to the matter.

So, yeah, it seems to me that if we are inclined to want to discuss any shitcoins or which ones we might be considered to be less shitty, then probably we should discuss in other forum threads, and it is pretty rare that you find me in any of the forum threads that are at least not somewhat related to bitcoin.

I do not invest in any other coins, but I have had occasions in the past where using one of those coins as an intermediary did make sense or was necessary. For instance, paying for a VPN service or something like this can sometimes be cheaper/easier if you use a shit coin.

I agree that there could be some practicality, which also might make it better to hold a bit of the shitcoin, even though there might not be any intention to store value in such shitcoin or to attempt to promote it... though if there might be a bit of an infrastructure around it or utility, then there could be some reason to hold some of it to the extent that you might not be able to just buy some of it for the purpose of doing the transaction.. but then sometimes there could be reasons to have had gotten it in advance.. and yet the times change too in terms of who might be transacting in what, and then questions of where to store them, whether on an exchange or in a private wallet, and some of the wallets that store shitcoins might increase attack vectors when they are starting to use shitcoins.. so I don't really claim to have any answers, yet I could imagine getting into situations in which transacting in one or another shitcoin might be more practical than transacting in bitcoin.

Several years ago I still enjoyed researching other coins, but I stopped doing that almost entirely at some point as the chance of finding some good tech sadly was/is close to zero. At the end of the day all those developers try to set up an architecture that funnels money straight into their pockets.

I agree with you that even seemingly good projects might end up having some of those kinds of various questionable designs or even questions in regards to premining and how staking works, and other kinds of obscurities that might question even something simple as the total supply of the coin... not that BTC is completely free from such issues when we have various second layers and businesses built on bitcoin that sometimes are dealing with fake coins and/or not allowing for the audit of their supply.. .which can cause questions in regards to their not having the coins they claim to have....so yeah the obscurity of the supply tends to be even worse with almost all shitcoins.
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