Bitcoin Forum

Economy => Speculation => Topic started by: Ojima-ojo on August 23, 2023, 01:50:01 PM



Title: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Ojima-ojo on August 23, 2023, 01:50:01 PM
Bitcoin price speculations is one of the market tools used by market speculators to take position in the market and in doing that DCA evaluation is the market calibrator used to determine what direction their approach will be either to take profits or buy during the discount level.


This tool has made our journey in Bitcoin accumulation smooth and rough at the same time, but the impact of the reality of this approach is equal to individual positions when taking that approach to define the market.


So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Oshosondy on August 23, 2023, 02:15:18 PM
So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?
I do not DCA. I mean buying every week. I only prefer to buy at low price for now. I am still expecting bitcoin price to fall to $20000 once again. But if bitcoin price did not fall below $20000 and it is getting close to halving, that would be a good time to buy.  

DCA can not pay for now for those that bought at $30000, but those that continue to DCA and wait till 2025 will make enough gain from bitcoin holding. Bitcoin has stayed above $30000 for a long time before falling, people that DCA around that price are losing now, but not loss if they do not sell their coins, they should continue to DCA which will bring the price for profit making down below $30000.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: $crypto$ on August 23, 2023, 02:39:13 PM
So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?
As long as the price is still considered low by me for example in the range of $20,000 to $30,000 then I will continue to do DCA without being influenced by other speculations. This is erratic but I always think about the DCA road plan to keep going for a week/month when I can.

Sometimes with this speculation there is also a little influence like now is an example when bitcoin was long in the $30,000 range for months and then now fell to $25,000 of course at this discounted price want to buy more at once instead of DCA, but I don't think it will be forced considering the finances are not enough to do this.

As long as we don't sell at a time when there is a lot of speculation that bitcoin will fall, we will panic and sell midway.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Ojima-ojo on August 23, 2023, 03:50:58 PM
I do not DCA. I mean buying every week. I only prefer to buy at low price for now. I am still expecting bitcoin price to fall to $20000 once again. But if bitcoin price did not fall below $20000 and it is getting close to halving, that would be a good time to buy. 
You made a very good point in your analysis of the best DCA approach to use in preparation for the next bitcoin halving.


But then what i noticed in you overall views on DCA is that, you seem to focused on a single market trend in your presumption of the best DCA trend and you have only pointed to DCA on the line of buying all the way down abd what the base price that is best to take discount buy which you point at the bottom being 20,000.

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DCA can not pay for now for those that bought at $30000, but those that continue to DCA and wait till 2025 will make enough gain from bitcoin holding. Bitcoin has stayed above $30000 for a long time before falling, people that DCA around that price are losing now, but not loss if they do not sell their coins, they should continue to DCA which will bring the price for profit making down below $30000.
DCA is a double-edge approach and it can play out in whoever direction depending on the individual positions on it, you are correct on the point that, those who bought Bitcoin when the price was $30,000 are at $ value lost right now, but then also what about those who were able to speculate right the market and have DCA from BTC-$ at BTC$30k, i guess those set pf market speculators are at gain already and have enough liquidity to buy more Bitcoin units with the USDT in possession.


So the market is like gambling, while some lose, others gain it all depends on the angles you approach the market from and your risk assessment level.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Asuspawer09 on August 23, 2023, 06:11:20 PM
Bitcoin price speculations is one of the market tools used by market speculators to take position in the market and in doing that DCA evaluation is the market calibrator used to determine what direction their approach will be either to take profits or buy during the discount level.


This tool has made our journey in Bitcoin accumulation smooth and rough at the same time, but the impact of the reality of this approach is equal to individual positions when taking that approach to define the market.


So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?

I mean price speculations at the end of the day are just speculations it wasn't really accurate in you cannot relay on it even though it came from any kind of sources, if you could just accurately predict the market then you don't really need to do anything you just need to buy and buy. What I always recommend is to increase there buying power I mean most of them are probably affected there DCA if they have some kind of speculation on the market. I mean if you predict that the market price is going to skyrocket at this date then your going to increase your buying power and then going to buy more Bitcoin so that the profit you're going to make in the end is going to be higher. But if its the opposite then you probably going to buy in your normal way since your dollar cost average you always buying like every week or month. So you can set a regular amount to buy Bitcoin every time or probably you could make it lower since you expected the market price to drop lower it to 50% so that the other 50% you could easily reserve so that you could buy more when the market price already dropped.

For sure the market price is just full of speculation and its actually why the market price skyrocket because investors are speculating that the market price is going to reach like for example 100k$ if that specualtion circulate online that could easily trigger the market especially if there are a lot of evidence that it might be throught something like the Bitcoin halving.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: AakZaki on August 24, 2023, 02:01:26 PM
I mean price speculations at the end of the day are just speculations it wasn't really accurate in you cannot relay on it even though it came from any kind of sources, if you could just accurately predict the market then you don't really need to do anything you just need to buy and buy. What I always recommend is to increase there buying power I mean most of them are probably affected there DCA if they have some kind of speculation on the market. I mean if you predict that the market price is going to skyrocket at this date then your going to increase your buying power and then going to buy more Bitcoin so that the profit you're going to make in the end is going to be higher. But if its the opposite then you probably going to buy in your normal way since your dollar cost average you always buying like every week or month. So you can set a regular amount to buy Bitcoin every time or probably you could make it lower since you expected the market price to drop lower it to 50% so that the other 50% you could easily reserve so that you could buy more when the market price already dropped.

For sure the market price is just full of speculation and its actually why the market price skyrocket because investors are speculating that the market price is going to reach like for example 100k$ if that specualtion circulate online that could easily trigger the market especially if there are a lot of evidence that it might be throught something like the Bitcoin halving.
Speculation will indeed be very influential. I also think that Bitcoin will reach $100k in the upcoming halving, everyone seems to agree bitcoin ATH will peak later. Some speculation that is done will have an effect, but the FUD that is spread will also prevent Bitcoin from continuing to rise. There will be a lot of FOMO and FUD that will emerge ahead of the Halving, we have to be prepared for everything. We only need to buy and hold, then we will enjoy the benefits.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Oilacris on August 24, 2023, 08:55:42 PM
Bitcoin price speculations is one of the market tools used by market speculators to take position in the market and in doing that DCA evaluation is the market calibrator used to determine what direction their approach will be either to take profits or buy during the discount level.


This tool has made our journey in Bitcoin accumulation smooth and rough at the same time, but the impact of the reality of this approach is equal to individual positions when taking that approach to define the market.


So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?
Depends on what position you are into and if you are going for long term holds then you could really still able to do such thing about having that DCA or buying more on the time that the price plummets or do make out some correction.How much more into those people who do make out short trades and having that negative because of that peak entry point? For sure you would really be considering
on taking up some DCA to lessen out that kind of losses which you had commited earlier and lessening out via doing DCA but of course this isnt something that anyone could do since not all would really be having the money on doing so. This is why it would really vary on each person on what are the decisions that they would be making whether they would be sticking into their plan or would really be making out some additional steps or movement so that they could be able to take advantage on whatever market conditions that they would be able to encounter.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: lionheart78 on August 24, 2023, 09:51:48 PM
Bitcoin price speculations is one of the market tools used by market speculators to take position in the market and in doing that DCA evaluation is the market calibrator used to determine what direction their approach will be either to take profits or buy during the discount level.

I believe it is a technical analysis and fundamental analysis that have been used by market speculators to take a position in the market.  Those who do DCA just wanted not to miss out on the opportunity and do not rely entirely on the TA since they don't have calculations on entry and exit points and just buy whenever the price dipped to average down their entry points.

This tool has made our journey in Bitcoin accumulation smooth and rough at the same time, but the impact of the reality of this approach is equal to individual positions when taking that approach to define the market.
So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?

Bitcoin market speculation of other people does not have an impact on me since I rely on the current news, updates, and sentiments of the market.  I somehow look at the price predictions of Technical Analysts to compare my understanding of the Bitcoin market Fundamentals.

For me Bitcoin market speculation is just a guess that we must not get serious with unless it has valid backing and is throughly thought off, but if that is the case it won't be a specluation anymore but a prediction on some grounds of analysis.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Ojima-ojo on August 25, 2023, 03:45:34 PM
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I mean price speculations at the end of the day are just speculations it wasn't really accurate in you cannot relay on it even though it came from any kind of sources, if you could just accurately predict the market then you don't really need to do anything you just need to buy and buy. What I always recommend is to increase there buying power I mean most of them are probably affected there DCA if they have some kind of speculation on the market. I mean if you predict that the market price is going to skyrocket at this date then your going to increase your buying power and then going to buy more Bitcoin so that the profit you're going to make in the end is going to be higher. But if its the opposite then you probably going to buy in your normal way since your dollar cost average you always buying like every week or month. So you can set a regular amount to buy Bitcoin every time or probably you could make it lower since you expected the market price to drop lower it to 50% so that the other 50% you could easily reserve so that you could buy more when the market price already dropped.

For sure the market price is just full of speculation and its actually why the market price skyrocket because investors are speculating that the market price is going to reach like for example 100k$ if that specualtion circulate online that could easily trigger the market especially if there are a lot of evidence that it might be throught something like the Bitcoin halving.
Despite the fact that we cant take speculations as model for decisions making while making purchase of cashing out our Bitcoin in form of it DCA valuations, market speculation have always make the largest portion of our decision making indirectly influencing us daily and redirecting our thoughts to match up with the reality of the market and as to how and when to make decisions, although sometimes some of those speculations may be false but those have contained accurate data's and figures could work in other assets  but not in bitcoin since Bitcoin doesn't  follow any market pattern repeatedly.


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.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: alastantiger on August 25, 2023, 03:56:13 PM
So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?
I DCA at the end of every month. It is the safest and most convenient way for me to buy at any price without any pressure. I do not care if bitcoin's price keeps falling or if it reaches $40000. My aim is to have as much satoshis as possible before the halving.

While some people may not prefer DCA for various reasons, I feel it is what works for me. And I'd do what works for me. We will all make gains from bitcoin. For some it may be big for others, it may be small but profit is better than no profit. The only people who lose are those weak hands who sell because of Fear, Uncertainty and Doubt. Those are the real losers.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: 348Judah on August 25, 2023, 05:57:07 PM
So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?

There's more to talk about with bitcoin market impact on our experience in dealing with the market speculations, there are many things to consider while making determination on what tools we are to use in making such decisions with bitcoin, this also lies on how we can speculate bitcoin market price, study the chart, research on previous years and many other indicators that could help us have better results through our speculations, if we make use of them the right way, we are going to have a better experience in what we do, some have started small but amassed into many because they understand the pattern to accumulate bitcoin and properly speculate to the best of their interest.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Eternad on August 25, 2023, 06:33:10 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.

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.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: lionheart78 on August 25, 2023, 10:50:56 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.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Ultegra134 on August 25, 2023, 10:58:55 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.




Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: fuguebtc on August 26, 2023, 09:10:45 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.




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.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: WatChe on August 26, 2023, 10:12:52 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.

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.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Dave1 on August 26, 2023, 11:08:32 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.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: TravelMug on August 26, 2023, 11:11:41 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.

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.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Ultegra134 on August 26, 2023, 05:53:23 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.




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 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. Thus, at least for now, I prefer not to use any of my own money towards such investments because that would be risky and reckless. I have savings that are enough, so I could justify an investment; I'm not currently struggling, but as I mentioned earlier, I don't have a viable income. Thus, I prefer to play it safe and avoid using my own money, at least until I can afford to spend more without depleting my savings.

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.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: taufik123 on August 26, 2023, 06:30:35 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.
-snip-
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.

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.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: fuguebtc on August 27, 2023, 03:05:31 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.




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 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. Thus, at least for now, I prefer not to use any of my own money towards such investments because that would be risky and reckless. I have savings that are enough, so I could justify an investment; I'm not currently struggling, but as I mentioned earlier, I don't have a viable income. Thus, I prefer to play it safe and avoid using my own money, at least until I can afford to spend more without depleting my savings.

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.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: michellee on August 27, 2023, 03:42:46 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.

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.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Ojima-ojo on September 02, 2023, 07:48:33 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.

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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.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Odohu on September 02, 2023, 11:11:39 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.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Baofeng on September 02, 2023, 10:50:12 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.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Ojima-ojo on September 04, 2023, 10:30:10 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. 
When we say selling at the top, it doesn't necessarily mean that a generally accepted top, because the market is dynamic and at that, what may be a top price for you, can be the botom price for another so it all depends on our individual  poistion to determine what we can call top price.


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.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: OgNasty on September 04, 2023, 10:35:13 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.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: dansus021 on September 05, 2023, 01:59:45 AM
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


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: kro55 on September 05, 2023, 04:09:29 AM

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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.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Davian144 on September 05, 2023, 05:29:25 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.

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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 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.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Don Pedro Dinero on September 05, 2023, 05:57:53 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.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Yamane_Keto on September 05, 2023, 07:18:28 AM

So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?
The main goal of Dollar Cost Averaging Bitcoin is to benefit from speculation by making the average purchase price of Bitcoin low.  if we assume that you started from 2020 with DCA $100/weekly, you will find that the average purchase is ~ $30,000, while your Total Invested is $20,900, and so on during the coming years. This average would be $70,000.

https://talkimg.com/images/2023/09/05/mQ88l.png

If you notice, it is rarely below Total Invested on the 4-year scale and close to Bitcoin's previous ATH

https://talkimg.com/images/2023/09/05/mQpIm.png


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: michellee on September 05, 2023, 07:33:59 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.
Indeed, it is the best DCA approach. But no one knows when the price will be at the bottom level. But if you refer to buying at the lower level and selling at the upper price, that's not a DCA strategy. That is trading.

Whereas DCA, as far as I know, is investing for a certain period, for example, 1 year, and you set to buy every week or month with the same amount of money for 1 year. So whatever Bitcoin price is when you buy, that is the price you get. If you average it, your average purchase price will probably be smaller. The goal of investing in Bitcoin is to collect as much Bitcoin as possible and not to sell it again soon.

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.
DCA's approach is not to chase price increases but we routinely buy Bitcoin using the same amount of money every week or every month. And it also has nothing to do with changing market prices because you only focus on collecting Bitcoins.

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.
You are not depending on Bitcoin speculators if you take the DCA approach. Your target lies not in price changes but in Bitcoin accumulation. By accumulating Bitcoin by buying Bitcoin every week or month, you can have more Bitcoin and not be selling it anytime soon. That's distinctly different from trading, where you buy low and sell high.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: KingsDen on September 05, 2023, 08:16:56 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.

Bitcoin price speculation does not have any effect or impact on my dollar cost averaging pattern of investing in Bitcoin. This is because I do not pay attention to the price of Bitcoin while doing my weekly dollar cost averaging investment. It does not matter to me the price of Bitcoin whenever I want to buy because it is a consistent DCA.

I will continue to buy with the dollar cost averaging method until when the Bitcoin price is 50,000 dollars. That is when I will stop buying, in as much as the price is below 50000 dollars, I will continue the dollar cost averaging investment until after bull run or during the bull run. Knowing the the ATH of bitcoin is 69k, should give us the conviction to continue DCA even at $50k.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: yudi09 on September 05, 2023, 08:43:06 AM
-snip-

For sure the market price is just full of speculation and its actually why the market price skyrocket because investors are speculating that the market price is going to reach like for example 100k$ if that specualtion circulate online that could easily trigger the market especially if there are a lot of evidence that it might be throught something like the Bitcoin halving.
DCA becomes a method of asset ownership activities because it is considered to reach the situation or reach the financial capabilities of investors both in weekly or monthly.
Speculation for most of the investors is an interesting effort to do. Although all can speculate on market prices, but not all dare to provide speculation. It means that only certain circles have a dare to speculate even though the increase and price decline cannot be ascertained.

One thing that is certain that so far, buying routine is the best strategy for Bitcoin's ownership according to my version.
Although the statement of buying is cheap and selling high is an easy thing to say, it becomes the most difficult thing in its application.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Sim_card on September 05, 2023, 10:47:42 AM
Price speculation is not 100% correct but it can give one an insight on how to plan on his bitcoin journey and which strategy that he can use to accumulate more bitcoin. I prefer the DCA method,either when the price is high or at dip,because as a long term holder that doesn't want to make profit for short term, DCA will always give you the best benefit. This is because when you buy in any of the market,you steady DCA will balance up your loss when the price goes below when you bought. Although, buying at the dip is a way to accumulate at a discount price but you wouldn't see this coming.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: darewaller on September 05, 2023, 05:29:54 PM
Price speculation is not 100% correct but it can give one an insight on how to plan on his bitcoin journey and which strategy that he can use to accumulate more bitcoin. I prefer the DCA method,either when the price is high or at dip,because as a long term holder that doesn't want to make profit for short term, DCA will always give you the best benefit. This is because when you buy in any of the market,you steady DCA will balance up your loss when the price goes below when you bought. Although, buying at the dip is a way to accumulate at a discount price but you wouldn't see this coming.
That is true, if we do speculation then we could also make a trade or investment. Without speculation there is no investment or trade. If we think it will go up, we buy, we could buy it for short term or long term depending on our speculation but we still buy due to speculating the fact that we think it will go up, and if we think it will go down the same happens but this time about selling bitcoin, either for short term or long term.

In both cases, we speculated the future price of bitcoin and that is why it's very important to keep doing that in order to keep on buying or selling. Without speculation, there is no bitcoin, it would have no volume at all and it would not be liked by anyone and wouldn't be here.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: yhiaali3 on September 05, 2023, 08:38:36 PM
Speculation has a clear impact on Bitcoin/DCA in my experience, often there is a temptation when the price of Bitcoin rises that I would sell to make some profits, but later I regret it when the price continues to rise.

Other times, when the trend is down, I sell to buy from the bottom, but unexpected behavior occurs and the price of Bitcoin rises, and I regret it again.

So I finally decided to stay away from indicators and continue with the Bitcoin/DCA strategy for the long term regardless of speculation and market volatility.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: ShowOff on September 05, 2023, 09:35:51 PM
One thing that is certain that so far, buying routine is the best strategy for Bitcoin's ownership according to my version.
Although the statement of buying is cheap and selling high is an easy thing to say, it becomes the most difficult thing in its application.

I don't fully understand what you mean by regular purchases, but buying consistently for accumulation purposes is certainly recommended. Apart from that, you also need to pay attention to the market to know when it's time to buy, of course many people recommend that you buy on the dip. Accumulate as much as you can, but make sure that you really do the analysis before doing it.

Speculation doesn't make me change much about how I buy or accumulate, but market conditions are something I can take advantage of. Almost every correction can be used for accumulation, but I never force the desire to be close to consistent.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: ginsan on September 05, 2023, 09:48:39 PM

So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?
The big impact is when they stop buying because they run out of money and If they have a reserve level or USDT savings in their portfolio of course they can make purchases when prices fall. BTC has been below $30k this week so many of them are expecting a bigger drop to buy bitcoin but for those of us who buy every week of course we don't care if Bitcoin goes down again or goes up because we will still buy every week.

But some of those who are really geniuses in analyzing market movements will certainly be able to enter the buying stage instantly when they have found a decision to buy at that price. But I think the BTC price in September will experience a big strengthening of the increase because we are also tired of seeing this sideway condition.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Fundamentals Of on September 06, 2023, 02:35:01 AM
I don't understand. If you are to DCA, then you don't speculate. To DCA is to buy Bitcoin in relatively small amounts in regular intervals, say, daily, weekly, every two weeks, bi-monthly, monthly, etc. as opposed to a lump sum purchase or an irregular buying pattern.

In DCA, you do the buying regardless of the price. So whether the price is rising or falling, it doesn't matter. You don't analyze whether to take profit or to buy. That's not DCA. That's speculating and trading already. DCA is buying Bitcoin regularly regardless of the price movement.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Ojima-ojo on September 06, 2023, 03:21:44 PM
I don't understand. If you are to DCA, then you don't speculate. To DCA is to buy Bitcoin in relatively small amounts in regular intervals, say, daily, weekly, every two weeks, bi-monthly, monthly, etc. as opposed to a lump sum purchase or an irregular buying pattern.
DCA is not only in the buying position alone because we can also DCA all the way up by selling our Bitcoin all the way up,  this formula work in both ways and can work for each it all depend on how you propelay take advantage of the market by your market analysis.


So I believe that you may have missed some of the fundamental understanding of the approach.
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In DCA, you do the buying regardless of the price. So whether the price is rising or falling, it doesn't matter. You don't analyze whether to taka e profit or to buy. That's not DCA. That's speculating and trading already. DCA is buying Bitcoin regularly regardless of the price movement.
Not only buying one can also DCA by selling all the way since DCA is just taking the dollar value of bitcoi,  the timing also is most important in DCA but more also to DCA, it requires a lot of market data to arrive at a good analysis of the market that can place you at advantage.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Fundamentals Of on September 07, 2023, 01:30:19 AM
I don't understand. If you are to DCA, then you don't speculate. To DCA is to buy Bitcoin in relatively small amounts in regular intervals, say, daily, weekly, every two weeks, bi-monthly, monthly, etc. as opposed to a lump sum purchase or an irregular buying pattern.
DCA is not only in the buying position alone because we can also DCA all the way up by selling our Bitcoin all the way up,  this formula work in both ways and can work for each it all depend on how you propelay take advantage of the market by your market analysis.

So I believe that you may have missed some of the fundamental understanding of the approach.
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In DCA, you do the buying regardless of the price. So whether the price is rising or falling, it doesn't matter. You don't analyze whether to taka e profit or to buy. That's not DCA. That's speculating and trading already. DCA is buying Bitcoin regularly regardless of the price movement.
Not only buying one can also DCA by selling all the way since DCA is just taking the dollar value of bitcoi,  the timing also is most important in DCA but more also to DCA, it requires a lot of market data to arrive at a good analysis of the market that can place you at advantage.

Yes, you can also sell using the DCA approach, but the same rules apply. You will do the selling regularly or in regular intervals regardless of the price.

I'm reacting to how DCA is done as if it is like trading, like when you think the price will go down further, then you will put off the buying and when the price looks like it will rise, then you will buy. I think this isn't DCA anymore. If you buy and sell depending on your analysis and predictions, how can this strategy be DCA?


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: CageMabok on September 07, 2023, 08:30:31 AM
Yes, you can also sell using the DCA approach, but the same rules apply. You will do the selling regularly or in regular intervals regardless of the price.
Selling with a DCA approach will not seem much different from routine selling of the same asset, but I only use DCA when buying because it can help me a little in terms of getting Bitcoin at the price I really want. As for selling, I usually do it in two sessions or I divide it into two parts if I don't want to release everything into the market at the same time.

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I'm reacting to how DCA is done as if it is like trading, like when you think the price will go down further, then you will put off the buying and when the price looks like it will rise, then you will buy. I think this isn't DCA anymore. If you buy and sell depending on your analysis and predictions, how can this strategy be DCA?
The DCA strategy is a strategy that is currently very commonly used because it is known by many people, while what deviates from this strategy is a personal strategy that may not be included in DCA. So this is where we can see the difference and as long as each strategy used can be very profitable and there are no difficulties in implementing it, I don't think there is anything wrong with either of those things.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: irhact on September 07, 2023, 09:58:01 PM
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. 

No there's no way any individual can predict the top of the market for the price of Bitcoin and also there's no way to know the bottom of Bitcoin. My approach to buying Bitcoin is like how most individual buy which is to DCA but I don't let any information that doesn't correspond with what the charts are saying affect my decision to buy more Bitcoin or to sell. Any individual allowing what others are saying about the price of bitcoin affect them isn't ready to buy Bitcoin.

Alot of things are always said about bitcoin but they don't know what they're saying because they don't have any real backing. People always make predictions based on how they're feeling about the market but that doesn't mean that's how the market is going to move.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Onyeeze on September 07, 2023, 11:37:46 PM
The only impact bitcoin speculation can do is that we have to understand exactly when we are supposed to invest and when not invest in cryptocurrency because what i understand in cryptocurrency investment is that whenever you are holding your coin do not allow someone to deceive you to sell your coin and do not allow the speculation of people to make you to sell your coin when you have not make up your mind to sell your coin, and having target in any coin we purchase will have another good impact in Bitcoin if I'm not mistaken in Bitcoin investment.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Gozie51 on September 08, 2023, 01:47:22 AM

In DCA, you do the buying regardless of the price. So whether the price is rising or falling, it doesn't matter. You don't analyze whether to take profit or to buy. That's not DCA. That's speculating and trading already. DCA is buying Bitcoin regularly regardless of the price movement.

I don't think we have to follow the way others DCA on their acquisition of coin. DCA is better when price is dropping so that when it rises you begin to see the difference in profit. Some people could still DCA when the price is increasing but I think that could be if they have seen the price is rising and probably going into bull while they don't want to stay outside the rally. Whichever way it is, DCA is for profit.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: gunhell16 on September 08, 2023, 08:51:30 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 do not DCA. I mean buying every week. I only prefer to buy at low price for now. I am still expecting bitcoin price to fall to $20000 once again. But if bitcoin price did not fall below $20000 and it is getting close to halving, that would be a good time to buy.  

DCA can not pay for now for those that bought at $30000, but those that continue to DCA and wait till 2025 will make enough gain from bitcoin holding. Bitcoin has stayed above $30000 for a long time before falling, people that DCA around that price are losing now, but not loss if they do not sell their coins, they should continue to DCA which will bring the price for profit making down below $30000.

In this regard, I think it's feasible that Bitcoin's market value would fall by 20k$ to 22k$ dollars before gradually turning bullish again. This is the conclusion I've reached based on my examination of the price-value destination chart graph; this is the current prediction.

Now, the DCA is still a useful tool to utilize for those who just want to make a long-term investment or who want to preserve bitcoin until the bull season arrives. These tools, in my opinion, are still useful. And when its price decreases by $20,000, all the biggest cryptocurrencies will undoubtedly also decline, therefore there's a potential I'll raise another major cryptocurrency in this.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Ojima-ojo on September 09, 2023, 10:46:34 PM

In DCA, you do the buying regardless of the price. So whether the price is rising or falling, it doesn't matter. You don't analyze whether to take profit or to buy. That's not DCA. That's speculating and trading already. DCA is buying Bitcoin regularly regardless of the price movement.

I don't think we have to follow the way others DCA on their acquisition of coin. DCA is better when price is dropping so that when it rises you begin to see the difference in profit. Some people could still DCA when the price is increasing but I think that could be if they have seen the price is rising and probably going into bull while they don't want to stay outside the rally. Whichever way it is, DCA is for profit.
Both points are very on point as regards to individuals' DCA  movement,  also concure to the part were you also mentioned that DCA is best on the way down so that you can cash out the profits when the price increase this approach certainly placed you at an advantage of profits merging on the long run.


Moreover DCA works in both ways since in buying the dip you are taking the first step in DCA and when you sell all the way up you also practising DCA all the way up At that you make use of both market behaviour to your own advantage.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: jaberwock on September 10, 2023, 01:33:05 PM
The only impact bitcoin speculation can do is that we have to understand exactly when we are supposed to invest and when not invest in cryptocurrency because what i understand in cryptocurrency investment is that whenever you are holding your coin do not allow someone to deceive you to sell your coin and do not allow the speculation of people to make you to sell your coin when you have not make up your mind to sell your coin, and having target in any coin we purchase will have another good impact in Bitcoin if I'm not mistaken in Bitcoin investment.
I think there are also people who do a DCA strategy but at the same time speculating the market. Maybe it can help them decide if they will now sell or wait a little longer to gain more benefits. Before we start to invest, it's important to already know when to buy and sell. But the basic rule of investing is to buy low and sell high.

Speculating might still help us eventually. The one that you are talkin, about being deceived is I think the same as to FOMO on the FUDs. Indeed this should be avoided but there are always people who fall for it. They are often called as weak hands. If you are not confident enough about your speculating ability and you think someone is trusted and are good at it, maybe it's not wrong to follow them.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: flyingcarpet on September 10, 2023, 02:17:43 PM
The only impact bitcoin speculation can do is that we have to understand exactly when we are supposed to invest and when not invest in cryptocurrency because what i understand in cryptocurrency investment is that whenever you are holding your coin do not allow someone to deceive you to sell your coin and do not allow the speculation of people to make you to sell your coin when you have not make up your mind to sell your coin, and having target in any coin we purchase will have another good impact in Bitcoin if I'm not mistaken in Bitcoin investment.
I think there are also people who do a DCA strategy but at the same time speculating the market. Maybe it can help them decide if they will now sell or wait a little longer to gain more benefits. Before we start to invest, it's important to already know when to buy and sell. But the basic rule of investing is to buy low and sell high.

Speculating might still help us eventually. The one that you are talkin, about being deceived is I think the same as to FOMO on the FUDs. Indeed this should be avoided but there are always people who fall for it. They are often called as weak hands. If you are not confident enough about your speculating ability and you think someone is trusted and are good at it, maybe it's not wrong to follow them.

If you know how to be patient, you can easily apply one of the most basic rules of the market. That is, buy when the price is low and sell when the price is high. If you believe speculation and every news, even patience cannot save you from losing money.

I use my own judgment when investing. I follow the news about market events from people I follow. Usually the people I follow don't write about which coins to buy. If they wrote such an article, I wouldn't follow them because no one knows what will happen in the crypto market. Stay away from people who say "I told you so" when one of them is right after hundreds of predictions.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: karabiber on September 10, 2023, 03:14:07 PM
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're trading on Bitcoin speculation, you don't need to trade with DCA because speculation has zero impact on DCA. If you're trading with DCA, you shouldn't be affected by speculation and manipulation in the market. If your investment in the market is affected by them, then there is no point in trading with the DCA method. For this reason i do not understand your question. Because DCA requires buying Bitcoin on a regular basis, regardless of the price, regardless of the news.  Either you invest using the DCA method or you make an investment plan based on market speculation.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: taufik123 on September 10, 2023, 07:47:23 PM
-snip-
Because DCA requires buying Bitcoin on a regular basis, regardless of the price, regardless of the news.  Either you invest using the DCA method or you make an investment plan based on market speculation.
Well, that's the correct DCA to apply, buying money based on a predetermined time consistently.
I also do this to this day, buying every week for the long term.

But it's different if you buy using the market speculation method, you will only buy when rumors come and sell when news comes, this is the same as swing trading, but can also be used for the long term as long as you still hold the asset you bought.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Asiska02 on September 11, 2023, 09:40:40 AM
So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?

Bitcoin market speculation should not be something that will affect your DCA approach on your journey of accumulation. The method requires you to continue buying bitcoin irrespective of the price at that time. If you want to always consider the market speculation, you’ll end up buying at an higher price than what you would have bought initial or you can still get it vice versa. But since the market is highly volatile and cannot be predictable but only to speculate, just have a prepared mindset to focus on that goal of obtaining more bitcoin using DCA. If you continue in that manner, the result will be see some years later, mostly after the halving.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Aanuoluwatofunmi on September 11, 2023, 10:44:44 AM
I don't understand. If you are to DCA, then you don't speculate. To DCA is to buy Bitcoin in relatively small amounts in regular intervals, say, daily, weekly, every two weeks, bi-monthly, monthly, etc. as opposed to a lump sum purchase or an irregular buying pattern.

You are expected to speculate regardless of using DCA or not, also we need to get this clear that using DCA is just a way of knowing how to positioned for buying at the least market offer and not just buying in small amount, we can not perfectly know how to go about this if we are not using the chart flow in studying the moves on the chart through our perpectual speculations.

In DCA, you do the buying regardless of the price. So whether the price is rising or falling, it doesn't matter.

No, it's matters alot, when the market is rising or falling, you just don't buy and keep buying, that makes no difference from an ordinary investor who know nothing about what he's doing, you need to know that you can use any amount of money to buy but you have to have a specific target on that before buying after you might have gone through the charts and weekly candles to know if it's set well and favourable enough for a buy.




Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Honyek on September 11, 2023, 11:25:05 AM
l buy and sell bitcoin watching carefully the price speculation. l based on my assessment and monitoring of when it is right to buy or sell. l put serious calculation on how the price normally goes up or down, and the period of time that this took place at that particular time, and know whether it will be favorable to buy or sell. l also based on  long-term investment in bitcoin.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: _BlackStar on September 11, 2023, 10:54:53 PM
So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?
Some speculations supported by good analysis might influence my investment plans. This is not often - unless I really believe that there is some other thing supporting the speculation including the fundamentals.

In most cases - I have no impact due to price speculation here, in fact I tend to ignore it and keep the accumulation strategy the same as before. It's just that - on some occasions I may need to make adjustments if I feel I need to.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: gunhell16 on September 13, 2023, 03:51:39 AM
Bitcoin price speculations is one of the market tools used by market speculators to take position in the market and in doing that DCA evaluation is the market calibrator used to determine what direction their approach will be either to take profits or buy during the discount level.


This tool has made our journey in Bitcoin accumulation smooth and rough at the same time, but the impact of the reality of this approach is equal to individual positions when taking that approach to define the market.


So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?

In such a matter as this, it is really necessary to have enough knowledge to conduct actual trades in the crypto space. It is not possible here that you are a trader of cryptocurrency, or Bitcoin will enter without you. Because the analysis that will be done by different traders is what others use to determine whether their analysis is correct.

And we who have an understanding of trading also look to see if the speculation made by other traders is the same or close to our understanding. Now, with what is currently happening in the market since we are still in a downtrend because obviously the market is still bearish, others are taking advantage of the implementation of DCA because the price is low according to the budget capital they have.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Ojima-ojo on September 17, 2023, 08:54:39 PM


In such a matter as this, it is really necessary to have enough knowledge to conduct actual trades in the crypto space. It is not possible here that you are a trader of cryptocurrency, or Bitcoin will enter without you. Because the analysis that will be done by different traders is what others use to determine whether their analysis is correct.

And we who have an understanding of trading also look to see if the speculation made by other traders is the same or close to our understanding. Now, with what is currently happening in the market since we are still in a downtrend because obviously the market is still bearish, others are taking advantage of the implementation of DCA because the price is low according to the budget capital they have.
Taking others analyses of the market to include in your own trade analysis can help you to make informed trading decisions and this is why some of those professional traders some time monetize their analysis and market predictions in the form of copy trades but then it will not be 100% accurate at all time and that is what we have to understand.


Just as you said,  building a good knowledge of the market on your own is far more better,  and if you also have access to other trading analyses you can add their information to your work to help you to win over the market since you will have diverse options and tools to work with.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Pierre 2 on September 18, 2023, 07:11:25 PM
I think most of forum users here are investing/buying through their own research and decisions. So when people speculate on Bitcoin I tend to read them carefully and make my own decision. I suppose some newbies are deeply affected by speculations. I observed at office I worked. Average people directly starts buying Bitcoin when its already too late. Its so sad.
By the way I regularly buy and sell and repeat. I am not exactly trying to decrease my costs cause I believe current prices are already low.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: barisbilgili on September 19, 2023, 06:54:23 AM
So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?
Some speculations supported by good analysis might influence my investment plans. This is not often - unless I really believe that there is some other thing supporting the speculation including the fundamentals.

In most cases - I have no impact due to price speculation here, in fact I tend to ignore it and keep the accumulation strategy the same as before. It's just that - on some occasions I may need to make adjustments if I feel I need to.
Choosing speculation that has good analysis is a good strategy for investing in Bitcoin, but it would be better if we stuck to the plan we have set because if we choose the wrong speculation this will certainly be very detrimental to us. You are right, we also need to make adjustments on several occasions so that we can get profits in investing.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: lienfaye on September 19, 2023, 07:25:58 AM
So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?
Well, my decision to accumulate is not influenced by any speculators since i'm doing my own analysis. Though it's nice to read a positive and optimistic speculation regarding Bitcoin because that can encourage other investors to not panic in times the market is in red status.

I'm not using DCA strategy to accumulate. I'm buying when I have budget and if the price is less expensive. Anyway, it's fine if you tend to follow the speculation of those so called experts. But just keep in mind to still have your own analysis so that you can tell if the speculation has a basis.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: laurenB7742 on September 19, 2023, 08:28:18 AM
So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?
Well, my decision to accumulate is not influenced by any speculators since i'm doing my own analysis. Though it's nice to read a positive and optimistic speculation regarding Bitcoin because that can encourage other investors to not panic in times the market is in red status.

I'm not using DCA strategy to accumulate. I'm buying when I have budget and if the price is less expensive. Anyway, it's fine if you tend to follow the speculation of those so called experts. But just keep in mind to still have your own analysis so that you can tell if the speculation has a basis.

In my opinion, we should stay away from the predictions of so-called experts because we cannot know whether what they are doing is helping the community or someone is paying them to say those things. We should research and make predictions ourselves, even though they may not be correct, but at least we will learn from experience for ourselves. We are investing with our own money, we must be responsible with our money, we don't need anyone to teach us how to get rich because no one is kind enough like that.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: bayu7adi on September 19, 2023, 08:44:32 AM
I always consider all the speculations circulating in the Bitcoin space as additional references when making decisions. Yes, numerous speculations emerge with various ideas and perspectives, but the market will move in one direction.

Considering that I am the sole decision-maker responsible for my choices, I merely use speculations shared by others as points of reference. They will never sway my decisions to take investment positions. After all, I was a Bitcoin buyer during bearish market phases. I also continue to practice DCA to ensure I can sell it above my average purchase price. However, if a bullish market arrives sooner than expected, I'll take some profits off the table while still holding onto a portion, anticipating the next bullish phase.

In essence, speculations serve as references only. Since they are not accountable for our decisions, we are not obliged to follow them.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: TheSpiral on September 19, 2023, 04:00:44 PM
In my opinion, we should stay away from the predictions of so-called experts because we cannot know whether what they are doing is helping the community or someone is paying them to say those things. We should research and make predictions ourselves, even though they may not be correct, but at least we will learn from experience for ourselves. We are investing with our own money, we must be responsible with our money, we don't need anyone to teach us how to get rich because no one is kind enough like that.

prediction is not as easy as the people says therefore people always follow other's prediction as they are newbies and they don't know what to do. But once a person get experience then his believe is made which encourage him to take all decisions by himself.

Believing others is also not advisable because every other person is now making an account to share their signals but who knows that the provider is true?

Although we cannot make a guaranteed prediction but we can make our mind clear through reading and searching about the exact coins and about its past so by concluding we can make our decision strong and profitable.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Gozie51 on September 19, 2023, 04:11:53 PM

Believing others is also not advisable because every other person is now making an account to share their signals but who knows that the provider is true?


As far as btc market is concern, we don't need to follow the prediction of anybody especially the signal groups because they are only out for business and nothing else. To follow what other person predict, it has to confirm with your own speculation or prediction. However, this time around is obvious that the bull season is preparing and so predicting otherwise is skeptical. So to DCA is not going to hurt much even if it doesn't bull just immediately, it will soon with the halving for next year.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: BitDane on September 19, 2023, 10:22:34 PM
So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?
Some speculations supported by good analysis might influence my investment plans. This is not often - unless I really believe that there is some other thing supporting the speculation including the fundamentals.

In most cases - I have no impact due to price speculation here, in fact I tend to ignore it and keep the accumulation strategy the same as before. It's just that - on some occasions I may need to make adjustments if I feel I need to.
Choosing speculation that has good analysis is a good strategy for investing in Bitcoin, but it would be better if we stuck to the plan we have set because if we choose the wrong speculation this will certainly be very detrimental to us. You are right, we also need to make adjustments on several occasions so that we can get profits in investing.

I don't think it is a good strategy to use speculation even with a good analysis for investing in Bitcoin.  Speculations are mere guesses that has no firm evidence.  So how can it be a good strategy to use when it only depends on a person's theory that is yet to be confirmed.  I think it is best to base  our investment decision on the fundamentals.  That way we have a strong ground why we are investing on Bitcoin.

Same way as I stated, I do not let speculation affect how I hold Bitcoin.  Although many people are being hyped by influential people's speculation, I am always hesitant to believe them.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Wiwo on September 19, 2023, 10:43:46 PM
I bet you ops to disagree with you on this assumptions and to me the topic look incomplete since on a more serious note,  speculation have no impact on Bitcoin holding or market price,  the only only thing that speculations doesn't is to help Bitcoin traders to to make better choice as to when to take the best market position either to buy or sell.

But those that have long term Bitcoin investment goal,  they will not have any issue with wether or not the market speculations works or not,  and even no matter what the outcome of the market situation may be,  those long term investors will still fine a reason to be ok with whatever condition the market will end with.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Ojima-ojo on September 20, 2023, 09:13:05 PM

Believing others is also not advisable because every other person is now making an account to share their signals but who knows that the provider is true?


As far as btc market is concern, we don't need to follow the prediction of anybody especially the signal groups because they are only out for business and nothing else. To follow what other person predict, it has to confirm with your own speculation or prediction. However, this time around is obvious that the bull season is preparing and so predicting otherwise is skeptical. So to DCA is not going to hurt much even if it doesn't bull just immediately, it will soon with the halving for next year.
Bitcoin market speculations should be taken for what it is which is just predictions ans as the name goes it speculations any ways so we should not take the serious and knowing also that Bitcoin market is a highly unpredictable one and at that we have to work in line with our own thoughts and convictions when making long twrm Bitcoin decisions.


The most important thing to do at each stage is to apply the DCA approach to whatever we do while accumulating Bitcoin or wanting to sell at the top


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Baofeng on September 23, 2023, 07:50:40 PM

Believing others is also not advisable because every other person is now making an account to share their signals but who knows that the provider is true?


As far as btc market is concern, we don't need to follow the prediction of anybody especially the signal groups because they are only out for business and nothing else. To follow what other person predict, it has to confirm with your own speculation or prediction. However, this time around is obvious that the bull season is preparing and so predicting otherwise is skeptical. So to DCA is not going to hurt much even if it doesn't bull just immediately, it will soon with the halving for next year.
Bitcoin market speculations should be taken for what it is which is just predictions ans as the name goes it speculations any ways so we should not take the serious and knowing also that Bitcoin market is a highly unpredictable one and at that we have to work in line with our own thoughts and convictions when making long twrm Bitcoin decisions.

I think majority here is doing like that, as we all know that it's hard to predict the market. As early as 2018, when I was about a year in bitcoin market, I understand that not even who had experience ahead of me can tell the price movement as there are so many factors to consider and we all know that this market is open around the world 24x7 and we might wake up surprised in a different timezone.

The most important thing to do at each stage is to apply the DCA approach to whatever we do while accumulating Bitcoin or wanting to sell at the top

I do agree with the DCA, nothing's wrong with this method and I think this is the best strategy for average joe to accumulate. But it might take years at least to be able to have a lot of bitcoins in our wallet specially if we starts with small capital.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: South Park on September 23, 2023, 08:08:49 PM
I don't think it is a good strategy to use speculation even with a good analysis for investing in Bitcoin.  Speculations are mere guesses that has no firm evidence.  So how can it be a good strategy to use when it only depends on a person's theory that is yet to be confirmed.  I think it is best to base  our investment decision on the fundamentals.  That way we have a strong ground why we are investing on Bitcoin.

Same way as I stated, I do not let speculation affect how I hold Bitcoin.  Although many people are being hyped by influential people's speculation, I am always hesitant to believe them.
There is a difference between baseless speculation and speculation based on the many indicators that exist that tell us more about bitcoin and its current state, and while investing based on the fundamentals is not wrong and without a doubt it is a way to trade most assets, it is also true that by the time the fundamentals tell you to buy a great deal of the bull run has passed already, so it is important to try to find a balance and use both methods to aid you on your decision making process when it comes to deciding whether you will buy an asset or not.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Ojima-ojo on September 23, 2023, 09:03:43 PM
I don't think it is a good strategy to use speculation even with a good analysis for investing in Bitcoin.  Speculations are mere guesses that has no firm evidence.  So how can it be a good strategy to use when it only depends on a person's theory that is yet to be confirmed.  I think it is best to base  our investment decision on the fundamentals.  That way we have a strong ground why we are investing on Bitcoin.

Same way as I stated, I do not let speculation affect how I hold Bitcoin.  Although many people are being hyped by influential people's speculation, I am always hesitant to believe them.
There is a difference between baseless speculation and speculation based on the many indicators that exist that tell us more about bitcoin and its current state, and while investing based on the fundamentals is not wrong and without a doubt it is a way to trade most assets, it is also true that by the time the fundamentals tell you to buy a great deal of the bull run has passed already, so it is important to try to find a balance and use both methods to aid you on your decision making process when it comes to deciding whether you will buy an asset or not.
Baseless speculations have one attributes which is lack of datas to back up the claims and no near evidence to support the claims via a chart record of past Bitcoin market,  in most cases, those speculations are only based on market feeling and assumptions, this have made them to rely so much on words just to gamble around with the market, most of them doesn't practice most of the things they write on papers, it all end at the statement level.

But then in Bitcoin holding what I believe mostly in is that Bitcoin market speculations should be based on individual convictions and analysis of the fact that is personally discovered over time on personal bases.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: GeorgeJohn on September 24, 2023, 10:55:15 AM
So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?
The only impact bitcoin speculation can render to crypto investors is assurance and encouragement basically for investors who are willing to invest in bitcoin with biased intension, sometimes speculation of crypto market just look like all this social media crypto influencer in which I know quite well that the cryptocurrencies influencer do promote a coin, so speculation and predictions of the market will give you a hope either fake hope or real hope to invest in the market, because most of the speculation always narrow at the the positive aspect of bitcoin increment.

so I believe that some bitcoin speculation and predictions none of them do come to reality the way I'm seeing them from my own perspective, so bitcoin predictions is not something that an investor will depend on because whatever anyone predicts concerning bitcoin it's base on its ability and capability to understand or analyse how the market is all about, so I don't believe in someone assumptions in cryptocurrency, because when you work on someone predictions their is every tendency that it might come to pass, and secondly as an investor you are not supposed to depend on it, because as investor you already knew that predictions of bitcoin  doesn't have hundreds percent accuracy or seventy five percent accuracy.

So it left for you to observe the market and also use your graph chart to study and compare if the speculation or the predictions will match with what you have in your table or chary, I barely dance to the tone of speculators because majority of the information of bitcoin predictions don't normally be accurate from my perspective, so only advantages we have from speculators is that they triggers the ambition of investor to invest more if the information comes to be that the market will be of bearish.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: YOSHIE on September 25, 2023, 01:57:54 PM
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 talk about speculative data, to be honest, 2023 makes me a little dizzy and confused, it's difficult for me to determine which ones should be considered accurate and which ones are inaccurate, The point is: quite confusing, different from the speculation data in the 2017 era, there is not as much speculation as there is now, a little but it can be trusted and accurate.

Bitcoin is increasingly developing and almost all people in the world know about it and many experts express their thoughts, so that many users are tired of assessing Bitcoin speculation, Honestly, for now I'm just focusing on my own journey of accumulation regarding Bitcoin speculation for the future.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Wiwo on September 25, 2023, 04:03:56 PM

Choosing speculation that has good analysis is a good strategy for investing in Bitcoin, but it would be better if we stuck to the plan we have set because if we choose the wrong speculation this will certainly be very detrimental to us. You are right, we also need to make adjustments on several occasions so that we can get profits in investing.
In as much as I may be against ops suggestions on none reliance on speculations to make market decisions,  it may also lead to some verifiable progress in some form,  because I'm as much as we may not rely on all the speculations that may be suggested to us on this board,  we can still also rely on a few number of them who have some indept data and analysis that are provable on the long run.

More also we have to do some form of data sampling before we buy into any analysis of the market since bitcoin have a provenable long history of not following the same pattern all the time.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: tygeade on September 26, 2023, 09:45:18 AM
Choosing speculation that has good analysis is a good strategy for investing in Bitcoin, but it would be better if we stuck to the plan we have set because if we choose the wrong speculation this will certainly be very detrimental to us. You are right, we also need to make adjustments on several occasions so that we can get profits in investing.
In as much as I may be against ops suggestions on none reliance on speculations to make market decisions,  it may also lead to some verifiable progress in some form,  because I'm as much as we may not rely on all the speculations that may be suggested to us on this board,  we can still also rely on a few number of them who have some indept data and analysis that are provable on the long run.

More also we have to do some form of data sampling before we buy into any analysis of the market since bitcoin have a provenable long history of not following the same pattern all the time.
When you see one, you are not entirely sure if it is a good one or a fake one. If you think it is a good one and it turns out to be a terrible then you lose money, if you think it is terrible and it turns to be good, the worst that could happen is missing a profit chance.

When you compare "losing money" vs "not making money", people would prefer not making money, in one you are still holding the same amount, in the other you are losing more than you bargained for. This is why it is quite important to realize that you are going to end up making a profit if you are careful about it and that should be an alright situation without a doubt, I have been in favor of that forever.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: South Park on September 30, 2023, 08:08:34 PM
When you see one, you are not entirely sure if it is a good one or a fake one. If you think it is a good one and it turns out to be a terrible then you lose money, if you think it is terrible and it turns to be good, the worst that could happen is missing a profit chance.

When you compare "losing money" vs "not making money", people would prefer not making money, in one you are still holding the same amount, in the other you are losing more than you bargained for. This is why it is quite important to realize that you are going to end up making a profit if you are careful about it and that should be an alright situation without a doubt, I have been in favor of that forever.
Which is why it is important to try to find our tolerance to risk before we choose a strategy, after all someone could have access to the most profitable strategy all around the world and it will be for nothing if they cannot execute the strategy properly as they are afraid about making a mistake or losing too much money, and in that case it would be better to use a strategy that might not be as profitable but that limited their potential losses at the minimum.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Mahanton on September 30, 2023, 08:34:44 PM
When you see one, you are not entirely sure if it is a good one or a fake one. If you think it is a good one and it turns out to be a terrible then you lose money, if you think it is terrible and it turns to be good, the worst that could happen is missing a profit chance.

When you compare "losing money" vs "not making money", people would prefer not making money, in one you are still holding the same amount, in the other you are losing more than you bargained for. This is why it is quite important to realize that you are going to end up making a profit if you are careful about it and that should be an alright situation without a doubt, I have been in favor of that forever.
Which is why it is important to try to find our tolerance to risk before we choose a strategy, after all someone could have access to the most profitable strategy all around the world and it will be for nothing if they cannot execute the strategy properly as they are afraid about making a mistake or losing too much money, and in that case it would be better to use a strategy that might not be as profitable but that limited their potential losses at the minimum.
There's no such thing about strategy or something that do talks about assurance on making money within this market and this is why people would really be trying out to stick and finding those possible analysis on which they could mold on different methods that they would know because we know that this market is really that unpredictable and no matter how sure you are with your analysis but if the market movement and other factors or sentiments would really be that bitter and go oppose on what you had predicted then it would really be going south and there's nothing you can do about it and this had been always the case or possibles scenario on which
you could really be able to encounter.

If you are a holder then it might sounds easy but its not.Im holder myself but i have been able to pass up different conditions or situations on which it would really be testing you out into your limit on which you might
really be ending up on selling your assets or coins on the time that you do see that the market condition is really at its worst + into those negative sentiments and speculations that you would really be able to read
around. You would really be that definitely having those second thoughts and hesitance whether you should pursue on holding for long or you would really be making out some cut losses
on which your mind and emotion would really be your main enemy on here.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: serjent05 on September 30, 2023, 11:15:55 PM
When you see one, you are not entirely sure if it is a good one or a fake one. If you think it is a good one and it turns out to be a terrible then you lose money, if you think it is terrible and it turns to be good, the worst that could happen is missing a profit chance.

When you compare "losing money" vs "not making money", people would prefer not making money, in one you are still holding the same amount, in the other you are losing more than you bargained for. This is why it is quite important to realize that you are going to end up making a profit if you are careful about it and that should be an alright situation without a doubt, I have been in favor of that forever.
Which is why it is important to try to find our tolerance to risk before we choose a strategy, after all someone could have access to the most profitable strategy all around the world and it will be for nothing if they cannot execute the strategy properly as they are afraid about making a mistake or losing too much money, and in that case it would be better to use a strategy that might not be as profitable but that limited their potential losses at the minimum.
There's no such thing about strategy or something that do talks about assurance on making money within this market and this is why people would really be trying out to stick and finding those possible analysis on which they could mold on different methods that they would know because we know that this market is really that unpredictable and no matter how sure you are with your analysis but if the market movement and other factors or sentiments would really be that bitter and go oppose on what you had predicted then it would really be going south and there's nothing you can do about it and this had been always the case or possibles scenario on which
you could really be able to encounter.

Trading is not gambling that does not have any strategy to win.  Trading have this calle mitigating risk that enables a trader to profit in the given trades.  In Bitcoin there is a sure strategy that can give one a profit, and that is buy low sell high.  Yes it is indeed hard to do but patience had proven as the best solution to meet this result.  It has proven so far that regardless how much investors enter the market, with patience he is able to sell his holdings with profit.

At the current event, Bitcoin was bought as high as $69k+, so this time if Bitcoin reaches a new height, then those who bought at $69k+ will be in profit.

If you are a holder then it might sounds easy but its not.Im holder myself but i have been able to pass up different conditions or situations on which it would really be testing you out into your limit on which you might
really be ending up on selling your assets or coins on the time that you do see that the market condition is really at its worst + into those negative sentiments and speculations that you would really be able to read
around. You would really be that definitely having those second thoughts and hesitance whether you should pursue on holding for long or you would really be making out some cut losses
on which your mind and emotion would really be your main enemy on here.

Holding is easy for those who are informed and well eduated about Bitcoin, and has sufficient funds for their needs and wants.  It will be only difficult for people who are lacking in both confidence in Bitcoin and financial capabiity to meet their daily needs.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: justdimin on October 05, 2023, 08:54:23 AM
When you see one, you are not entirely sure if it is a good one or a fake one. If you think it is a good one and it turns out to be a terrible then you lose money, if you think it is terrible and it turns to be good, the worst that could happen is missing a profit chance.

When you compare "losing money" vs "not making money", people would prefer not making money, in one you are still holding the same amount, in the other you are losing more than you bargained for. This is why it is quite important to realize that you are going to end up making a profit if you are careful about it and that should be an alright situation without a doubt, I have been in favor of that forever.
That's why you should be always learning how you could make a profit all by yourself, that would make more sense and you should be trying to do that when you have the time. I get that not a lot of people may learn it as quickly as some others, one may learn how to do it in a few months while the other may take a year, and you may see it grow by that point, but no matter what you do, you should always trust yourself and reach to a point where trusting yourself means profit.

If you could do that then you are going to grow bigger and do better as well. I hope that it gets to a point where we could end up with something good and should be profiting from it as much as we possibly could, that's the best way to approach it.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Joshapat on October 05, 2023, 10:49:29 AM
When Bitcoin became increasingly popular several years ago, there were many suggestions from investment experts to make Bitcoin an alternative or even the main investment choice because of the large profit opportunities. This made many people have the ambition to become millionaires just by buying and holding Bitcoin, and of course when they saw the situation. The market is difficult so when there is an increase they immediately sell.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: justdimin on October 06, 2023, 09:28:40 AM
When Bitcoin became increasingly popular several years ago, there were many suggestions from investment experts to make Bitcoin an alternative or even the main investment choice because of the large profit opportunities. This made many people have the ambition to become millionaires just by buying and holding Bitcoin, and of course when they saw the situation. The market is difficult so when there is an increase they immediately sell.
That is why there are now a lot more companies that go into it as well. We are hearing more and more places end up with buying thousands of bitcoins. Because they know what they are doing and that is the important part of it. We need to arrange something that would make more sense that way and you could end up with a return that would be profitable in the end.

I get that we are going end up with more and more as well, that is going to end up with something that should result with a return that would be huge enough for those companies. Imagine putting 2-3 billion dollars into bitcoin today, and then it goes to ATH, that would be nearly 3x return easily and that would be more profit for that company then anytime they had before that.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: South Park on October 07, 2023, 08:03:36 PM
When Bitcoin became increasingly popular several years ago, there were many suggestions from investment experts to make Bitcoin an alternative or even the main investment choice because of the large profit opportunities. This made many people have the ambition to become millionaires just by buying and holding Bitcoin, and of course when they saw the situation. The market is difficult so when there is an increase they immediately sell.
That is why there are now a lot more companies that go into it as well. We are hearing more and more places end up with buying thousands of bitcoins. Because they know what they are doing and that is the important part of it. We need to arrange something that would make more sense that way and you could end up with a return that would be profitable in the end.

I get that we are going end up with more and more as well, that is going to end up with something that should result with a return that would be huge enough for those companies. Imagine putting 2-3 billion dollars into bitcoin today, and then it goes to ATH, that would be nearly 3x return easily and that would be more profit for that company then anytime they had before that.
Many people still have their eyes closed and they are allowing all of those companies to buy a lot of bitcoin and still they refuse to take action, by the time they wake up to the fact that bitcoin is a great investment bitcoin could be worth hundreds of thousands of dollars and be at the peak of the next bull run, and instead of simply accepting they failed to predict what this market will do and wait for their next chance, they will buy at that price and suffer incredible losses once the bear market appears.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Gozie51 on October 08, 2023, 01:00:03 PM

Many people still have their eyes closed and they are allowing all of those companies to buy a lot of bitcoin and still they refuse to take action, by the time they wake up to the fact that bitcoin is a great investment bitcoin could be worth hundreds of thousands of dollars and be at the peak of the next bull run, and instead of simply accepting they failed to predict what this market will do and wait for their next chance, they will buy at that price and suffer incredible losses once the bear market appears.

It is usually the case that when the bull kicks up and gets to its peak, some people who don't have that mind for risk will begin to make regretful comments of not taking the opportunity of low price to invest. At the moment, some people are still waiting for the price to drop to $20,000, $15,000 and even far below, probably they are looking at btc historical move during the year before halving but things have changed so maybe what we could be seeing is the buttom for this year before halving. The price is still good to dive in but not a professional advise, DYOR.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: MFahad on October 12, 2023, 12:29:19 PM
When Bitcoin became increasingly popular several years ago, there were many suggestions from investment experts to make Bitcoin an alternative or even the main investment choice because of the large profit opportunities. This made many people have the ambition to become millionaires just by buying and holding Bitcoin, and of course when they saw the situation. The market is difficult so when there is an increase they immediately sell.

previously people didn't believe about the profitable characteristics of bitcoin but now as they saw that how middle class individuals altered their situations into moneyed one then they started excepting bitcoin. Although market is not easily understandable so your suggestion is better that sell whenever you have profit but lots of people don't believe this fact as a result of which they miss out the chance and then blaming bitcoin.

Every time people hear about Bitcoin's success but they refuses to buy it, when others achieve profit then they create an idea to buy bitcoin but you all know that in Bull run how risky is the buying of bitcoin. Accept the truth about the bitcoin that it is successful investment chance because others can only give you suggestions but neither he is taking your profit nor pay for your loss so think wisely and understand the market well.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: milewilda on October 13, 2023, 06:14:06 PM
When Bitcoin became increasingly popular several years ago, there were many suggestions from investment experts to make Bitcoin an alternative or even the main investment choice because of the large profit opportunities. This made many people have the ambition to become millionaires just by buying and holding Bitcoin, and of course when they saw the situation. The market is difficult so when there is an increase they immediately sell.
That is why there are now a lot more companies that go into it as well. We are hearing more and more places end up with buying thousands of bitcoins. Because they know what they are doing and that is the important part of it. We need to arrange something that would make more sense that way and you could end up with a return that would be profitable in the end.

I get that we are going end up with more and more as well, that is going to end up with something that should result with a return that would be huge enough for those companies. Imagine putting 2-3 billion dollars into bitcoin today, and then it goes to ATH, that would be nearly 3x return easily and that would be more profit for that company then anytime they had before that.
Many people still have their eyes closed and they are allowing all of those companies to buy a lot of bitcoin and still they refuse to take action, by the time they wake up to the fact that bitcoin is a great investment bitcoin could be worth hundreds of thousands of dollars and be at the peak of the next bull run, and instead of simply accepting they failed to predict what this market will do and wait for their next chance, they will buy at that price and suffer incredible losses once the bear market appears.
Here's always the common scenario;

EXTREME FEAR when the price is going down or having that extreme bearish state, So they do skip on buying coins while its cheap
GETTING FOMO on the time that the price is already going up or already expensive. They would really be considering on purchasing coins believing that the price would shoot up even more.

If you are really that having those fix mindset about holding no matter what then market movements wont really be an issue for you since you do already have that kind of goal
or target that you would be only selling out on to those years that you do have in mind.Long term could really mean about a single year or couple of years or even a decade and this is something
that differs with each persons personal target and this is why there's no way on telling on what it would be. If ever you do find yourself that being impulsive or having those kind of changes
in plans on the time on watching price movement then it would be ideal that you should really be stop on looking the market condition too often. It would really be making
out such effect into your initial or earlier plans which you might really be ending up on getting that kind of regret if ever you had made out a bad decision.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: South Park on October 14, 2023, 08:35:35 PM

Many people still have their eyes closed and they are allowing all of those companies to buy a lot of bitcoin and still they refuse to take action, by the time they wake up to the fact that bitcoin is a great investment bitcoin could be worth hundreds of thousands of dollars and be at the peak of the next bull run, and instead of simply accepting they failed to predict what this market will do and wait for their next chance, they will buy at that price and suffer incredible losses once the bear market appears.

It is usually the case that when the bull kicks up and gets to its peak, some people who don't have that mind for risk will begin to make regretful comments of not taking the opportunity of low price to invest. At the moment, some people are still waiting for the price to drop to $20,000, $15,000 and even far below, probably they are looking at btc historical move during the year before halving but things have changed so maybe what we could be seeing is the buttom for this year before halving. The price is still good to dive in but not a professional advise, DYOR.
And that is what bothers me, I mean I can understand that people were afraid to invest in bitcoin when we reached 15k as at the time the price was dropping hard and almost no one was predicting that a recovery was coming, however the price of bitcoin has been stuck close to the 26k level for quite some time now, and even the most conservative predictions I have seen for the next bull market put bitcoin above 100k, so that is roughly a 300% gain in a matter of just one year, so if people do not want to invest now then they have no right at all to complain once the bull market allow us to reach those levels.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: bitgolden on October 16, 2023, 08:50:15 PM
Bitcoin price speculations is one of the market tools used by market speculators to take position in the market and in doing that DCA evaluation is the market calibrator used to determine what direction their approach will be either to take profits or buy during the discount level.

This tool has made our journey in Bitcoin accumulation smooth and rough at the same time, but the impact of the reality of this approach is equal to individual positions when taking that approach to define the market.
Depending on who says it. I mean when Elon says something things tend to go up, which is why I think who says what matters. People try to avoid that, and I agree that Elon saying something good about bitcoin or doge should not make others buy, why would him saying anything good could mean higher prices, there is just one reason and that is simply because it would be a moment where people buy, so you know others will buy and you buy because of that but others are buying because they think you are one of the others, to everyone others are others but as a community that is a big mistake.

We should try to avoid it, but price speculations based on some famous people are always going to be a good reason to make it move.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: flyingcarpet on October 16, 2023, 09:43:46 PM
Bitcoin price speculations is one of the market tools used by market speculators to take position in the market and in doing that DCA evaluation is the market calibrator used to determine what direction their approach will be either to take profits or buy during the discount level.

This tool has made our journey in Bitcoin accumulation smooth and rough at the same time, but the impact of the reality of this approach is equal to individual positions when taking that approach to define the market.
Depending on who says it. I mean when Elon says something things tend to go up, which is why I think who says what matters. People try to avoid that, and I agree that Elon saying something good about bitcoin or doge should not make others buy, why would him saying anything good could mean higher prices, there is just one reason and that is simply because it would be a moment where people buy, so you know others will buy and you buy because of that but others are buying because they think you are one of the others, to everyone others are others but as a community that is a big mistake.

We should try to avoid it, but price speculations based on some famous people are always going to be a good reason to make it move.

Even though we see the change in price as dangerous and wrong because of Elon's words, I think we will experience it again. Because when there is a crowded movement and everyone has the same expectations, people do not want to stay away from this price movement.

Yes, as you say, it depends on who's saying it. I think every investor should be careful and act with their own decisions. Collective action can sometimes bring high profits, and this is a situation in which the person participates with his own decision. That's why events like this will never end in the market.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Natsuu on October 17, 2023, 08:28:50 AM

Even though we see the change in price as dangerous and wrong because of Elon's words, I think we will experience it again. Because when there is a crowded movement and everyone has the same expectations, people do not want to stay away from this price movement.

Yes, as you say, it depends on who's saying it. I think every investor should be careful and act with their own decisions. Collective action can sometimes bring high profits, and this is a situation in which the person participates with his own decision. That's why events like this will never end in the market.

I think it's because Elon is one of the most influential people especially when we are speaking of the technology industry. It's very easy to give information to him because he has Twitter now called X. His tech companies are Tesla Motors and Space X. Those are also holding companies. No wonder why his simple tweets give fear to a normal person. It affects the investment of other people as he can manipulate prices because they are one of those big holdings or whales.

Or maybe, Elon has the intel for him to predict price runs that he just timed his tweets or speaks. Probably just a coincidence? We don't know. But the only thing that is certain is you are still the one who is in control of your own investment.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Davian144 on October 17, 2023, 10:25:54 AM
Even though we see the change in price as dangerous and wrong because of Elon's words, I think we will experience it again. Because when there is a crowded movement and everyone has the same expectations, people do not want to stay away from this price movement.
I think this is a quite natural reason when there are many people or society who don't want to stay away from these price movements, because most people really want better price movements for the cryptocurrency they are holding at that time. So in cases like that, everyone can't blame anyone because everyone has the desire to gain profits through price movements that they may have been waiting for a long time.

Quote
Yes, as you say, it depends on who's saying it. I think every investor should be careful and act with their own decisions. Collective action can sometimes bring high profits, and this is a situation in which the person participates with his own decision. That's why events like this will never end in the market.
Dependence on who says it still exists, because people like Elon Musk still have more followers who generally really believe in what he says regarding things in the market, even though these followers also have no guarantee of getting profits as they want even though they have followed what Elon Musk has said. So I still quite agree with continuing to be careful in making every decision when dealing with market conditions and cryptocurrency.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: South Park on October 21, 2023, 08:15:58 PM
Even though we see the change in price as dangerous and wrong because of Elon's words, I think we will experience it again. Because when there is a crowded movement and everyone has the same expectations, people do not want to stay away from this price movement.

Yes, as you say, it depends on who's saying it. I think every investor should be careful and act with their own decisions. Collective action can sometimes bring high profits, and this is a situation in which the person participates with his own decision. That's why events like this will never end in the market.
When it comes to meme coins there is little doubt that the words of Elon carry massive weight and those which follow those coins are always monitoring his social media accounts to see if there is any mention of those coins there, since they know that as soon as this happens then a massive movement will happen and they do not want to miss it, however when it comes to bitcoin I do not think Elon has that power anymore, and this is because due to his own actions he has lost any credibility among the long term holders.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: mirakal on November 04, 2023, 11:35:35 PM
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.  

No there's no way any individual can predict the top of the market for the price of Bitcoin and also there's no way to know the bottom of Bitcoin. My approach to buying Bitcoin is like how most individual buy which is to DCA but I don't let any information that doesn't correspond with what the charts are saying affect my decision to buy more Bitcoin or to sell. Any individual allowing what others are saying about the price of bitcoin affect them isn't ready to buy Bitcoin.

Alot of things are always said about bitcoin but they don't know what they're saying because they don't have any real backing. People always make predictions based on how they're feeling about the market but that doesn't mean that's how the market is going to move.
However, despite of the fact that no one holds the future price of bitcoin, there are still some reliable market speculators that based their predictions from their past experiences in the market. And for me, it’s something that we should also try to consider as history can bring much effect on the present and on the future even if at some point, history do not repeat itself.

At the end of the day, it’s still best to rely on our own market predictions and just do DCA everytime there is spare money to invest, most especially when the market is showing a bearish market price wherein we can maximize buying some coins at its perfect market entry.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: jeraldskie11 on November 05, 2023, 11:40:10 PM
So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?
My prediction for Bitcoin's price is that it will reach or break the all-time high next year. Because this is a positive speculation, it will have a favorable effect on my emotions. This is based on my analysis, and I am confident that it will unfold as shown in the chart.

DCA is fine but not the best; if you're good at analyzing, I believe the best strategy to maximize your reward is to figure out the lowest bottom and invest all of your funds at once. DCA is, in my opinion, the finest technique to protect your investment, which is why many investors still use it today.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: jaberwock on November 06, 2023, 09:38:46 AM
So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?
My prediction for Bitcoin's price is that it will reach or break the all-time high next year. Because this is a positive speculation, it will have a favorable effect on my emotions. This is based on my analysis, and I am confident that it will unfold as shown in the chart.

DCA is fine but not the best; if you're good at analyzing, I believe the best strategy to maximize your reward is to figure out the lowest bottom and invest all of your funds at once. DCA is, in my opinion, the finest technique to protect your investment, which is why many investors still use it today.
No, he isn't asking for our prediction but he is asking about the impact of speculation. I think doesn't only mean our own speculation but also the others as well. Your speculation might be positive but what if the majority is negative? I guess that will still affect us negatively. Also, he isn't only talkin about the DCA strategy but others as well.

DCA is continuous buying, so we may stop it for a while if we are not in the mood but other strategy such as all-in, can still be done since it is only being done rarely. In investing, it's important to be careful and invest only what you can afford to lose even if you are too confident because the market is still very unpredictable.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: boty on November 06, 2023, 02:09:48 PM
No, he isn't asking for our prediction but he is asking about the impact of speculation. I think doesn't only mean our own speculation but also the others as well. Your speculation might be positive but what if the majority is negative? I guess that will still affect us negatively. Also, he isn't only talkin about the DCA strategy but others as well.

DCA is continuous buying, so we may stop it for a while if we are not in the mood but other strategy such as all-in, can still be done since it is only being done rarely. In investing, it's important to be careful and invest only what you can afford to lose even if you are too confident because the market is still very unpredictable.
If we choose other people's speculation and experience failure with that speculation, it will certainly be very detrimental to us and we also have to re-learn about speculation so that we don't make a mistake in deciding to take speculation that is suitable for investing. Using the DCA method will certainly be very beneficial if we have passive income. We can use this method. Yes, you are right, we must always be careful in making investments so that we don't make a mistake in doing it so that we can suffer losses from the investments we make.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: uswa56 on November 06, 2023, 02:51:45 PM
No, he isn't asking for our prediction but he is asking about the impact of speculation. I think doesn't only mean our own speculation but also the others as well. Your speculation might be positive but what if the majority is negative? I guess that will still affect us negatively. Also, he isn't only talkin about the DCA strategy but others as well.

DCA is continuous buying, so we may stop it for a while if we are not in the mood but other strategy such as all-in, can still be done since it is only being done rarely. In investing, it's important to be careful and invest only what you can afford to lose even if you are too confident because the market is still very unpredictable.
It all depends on each individual, for me the impact of Bitcoin speculation that is different from my speculation will have a big impact on the Bitcoin investment that I make, sometimes I make mistakes because of panic which I end up regretting.
Even though I have experienced it several times, it cannot be denied that different speculations have had a big impact on me, be it positive or negative.

Therefore, it is better to invest according to the knowledge we have or the confidence in the speculation we make. Everyone will certainly be careful in investing, but if knowledge is still minimal it will be very risky.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: snipie on November 06, 2023, 04:12:21 PM
When Bitcoin became increasingly popular several years ago, there were many suggestions from investment experts to make Bitcoin an alternative or even the main investment choice because of the large profit opportunities. This made many people have the ambition to become millionaires just by buying and holding Bitcoin, and of course when they saw the situation. The market is difficult so when there is an increase they immediately sell.
It is similar to having land or property that increases in price and people sell it then after several years they find out that the price is like 10x what they sold out and regret not waiting for a longer period. The only difference is that Bitcoin price is fluctuating comparing to FIAT. I myself kinda regretted selling few mBit at $26k few weeks ago but I needed it at that time so I don't have anything else to do but definitely I am holding whenever I could and as long as possible. People should trust Bitcoin regardless of the heavy market fluctuations..


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Negotiation on November 06, 2023, 06:47:48 PM
When Bitcoin became increasingly popular several years ago, there were many suggestions from investment experts to make Bitcoin an alternative or even the main investment choice because of the large profit opportunities. This made many people have the ambition to become millionaires just by buying and holding Bitcoin, and of course when they saw the situation. The market is difficult so when there is an increase they immediately sell.
Yes investors can understand the exact position of the market so they can easily understand the difference in price and hold bitcoins and sell when the price rises. Bitcoin is more popular than before due to its users, supply and demand. As long as it retains the properties associated with money and there is demand for it it will remain a medium of exchange a store of value and another means of speculating for investors becoming a major investment regardless of its monetary value.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: taufik123 on November 06, 2023, 07:21:48 PM
-snip-
The only difference is that Bitcoin price is fluctuating comparing to FIAT. I myself kinda regretted selling few mBit at $26k few weeks ago but I needed it at that time so I don't have anything else to do but definitely I am holding whenever I could and as long as possible. People should trust Bitcoin regardless of the heavy market fluctuations..
It's unfortunate that you sold at a lower price, when it would have been worth more today if you had kept it.
If you're selling your holdings it must be because of an urgent need, but if you're aiming for a long-term investment you should be using free money that isn't being used for any other purpose, even if it's urgent, because it really is a long-term investment.

You have to learn from that and Bitcoin fluctuations are quite large and will affect all altcoins,
but believe that Bitcoin will be a safer investment than other altcoins and will provide more benefits than FIAT.
Moreover, we can be patient and hold until ATH is reached, it will provide more benefits.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: flyingcarpet on November 12, 2023, 01:14:14 PM
When Bitcoin became increasingly popular several years ago, there were many suggestions from investment experts to make Bitcoin an alternative or even the main investment choice because of the large profit opportunities. This made many people have the ambition to become millionaires just by buying and holding Bitcoin, and of course when they saw the situation. The market is difficult so when there is an increase they immediately sell.
It is similar to having land or property that increases in price and people sell it then after several years they find out that the price is like 10x what they sold out and regret not waiting for a longer period. The only difference is that Bitcoin price is fluctuating comparing to FIAT. I myself kinda regretted selling few mBit at $26k few weeks ago but I needed it at that time so I don't have anything else to do but definitely I am holding whenever I could and as long as possible. People should trust Bitcoin regardless of the heavy market fluctuations..

Nowadays, there may be people who sell their Bitcoins because things are not going well economically. Most conscious investors try to keep their Bitcoins and other investments in the long term, but as you said, sometimes we may need money and have to sell our investments.

The volatility of the market allows us to buy the investments we had to sell at the same price or at a lower price. While in general the volatility of the market can be a bad situation, in some cases it can be an advantage.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Renampun on November 14, 2023, 10:30:41 PM
Bitcoin price speculations is one of the market tools used by market speculators to take position in the market and in doing that DCA evaluation is the market calibrator used to determine what direction their approach will be either to take profits or buy during the discount level.


This tool has made our journey in Bitcoin accumulation smooth and rough at the same time, but the impact of the reality of this approach is equal to individual positions when taking that approach to define the market.


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 are using DCA when investing in Bitcoin then you should not be influenced by any speculation in the market, you must be able to focus on your goal, that is buying Bitcoin regularly every month with the money you set, whatever the updated Bitcoin price. While speculation is usually used by traders as part of their fundamental analysis, with the increasing number of speculative news appearing, traders will definitely be very careful in making their final decisions to enter or exit the market.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: barisbilgili on November 15, 2023, 12:42:32 PM
If you are using DCA when investing in Bitcoin then you should not be influenced by any speculation in the market, you must be able to focus on your goal, that is buying Bitcoin regularly every month with the money you set, whatever the updated Bitcoin price. While speculation is usually used by traders as part of their fundamental analysis, with the increasing number of speculative news appearing, traders will definitely be very careful in making their final decisions to enter or exit the market.
Some people who use the DCA method in the investments they make of course have prepared themselves for all the situations they will face and also know the risks they will face in the investments they make so they will not be affected if they see speculation. other people do, they just wait to see when they can get a profit from the investment they make.

When trading, of course we have to be very careful in making a decision because if the decision we make is not right, we will certainly experience losses from the trade.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: kentrolla on November 15, 2023, 05:10:03 PM
If you are using DCA when investing in Bitcoin then you should not be influenced by any speculation in the market, you must be able to focus on your goal, that is buying Bitcoin regularly every month with the money you set, whatever the updated Bitcoin price. While speculation is usually used by traders as part of their fundamental analysis, with the increasing number of speculative news appearing, traders will definitely be very careful in making their final decisions to enter or exit the market.
Some people who use the DCA method in the investments they make of course have prepared themselves for all the situations they will face and also know the risks they will face in the investments they make so they will not be affected if they see speculation. other people do, they just wait to see when they can get a profit from the investment they make.

When trading, of course we have to be very careful in making a decision because if the decision we make is not right, we will certainly experience losses from the trade.

Yes, that's what differentiates full time trader with amateur traders and short term investors and all it requires is a proper execution based on DCA and one should not get carried away by temporary market volatility because anyone can be tempted by market situation and may go out of rule for some quick back which might not end well. That's why we say being a trader is not that easy and especially back in the days when trading bots were not widely used to be manual task unlike today and in my opinion if a person is using DCA he or she should never divert from that, I used combination of indicators and was earning decent profit but made similar mistake by getting carried out due to emotions and went through tough time.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: justdimin on November 16, 2023, 07:01:25 AM
If you are using DCA when investing in Bitcoin then you should not be influenced by any speculation in the market, you must be able to focus on your goal, that is buying Bitcoin regularly every month with the money you set, whatever the updated Bitcoin price. While speculation is usually used by traders as part of their fundamental analysis, with the increasing number of speculative news appearing, traders will definitely be very careful in making their final decisions to enter or exit the market.
'Should' is the keyword there, plenty of people are worried about it anyway, I do not understand the logic but there are many long term investors who are not really ignoring the market movements and still end up caring about it and maybe even selling out. I do not get why it's like that, but you need to realize that even long term investors are not really staying rock solid during market movements.

I believe that we are going to end up with a situation that has to be a little bit different when there is long term investment, because if you are a long term investor then you should be ignoring the situation and not really be selling out. That would make a lot more sense and it would allow you to get a lot better on the long run.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: bitterguy28 on November 16, 2023, 09:01:47 AM
Bitcoin price speculations is one of the market tools used by market speculators to take position in the market and in doing that DCA evaluation is the market calibrator used to determine what direction their approach will be either to take profits or buy during the discount level.


This tool has made our journey in Bitcoin accumulation smooth and rough at the same time, but the impact of the reality of this approach is equal to individual positions when taking that approach to define the market.


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 are using DCA when investing in Bitcoin then you should not be influenced by any speculation in the market, you must be able to focus on your goal, that is buying Bitcoin regularly every month with the money you set, whatever the updated Bitcoin price. While speculation is usually used by traders as part of their fundamental analysis, with the increasing number of speculative news appearing, traders will definitely be very careful in making their final decisions to enter or exit the market.
being affected by daily price movement makes a investors  not a Holder because that made you keep looking towards the value of your capital and losses and not the long term value..
we should keep our funds on HOLD , keep buying but only the amount you can afford to lose and try to keep your eyes close in the process , because the more checking of the market is the more we lose our confidence .
DCA for me is applicable for those who are willing or ready in sideways and not just a one way route .
the problem with others are just pretending to be a HODLER but any time the market moves bad? they are panicking and yes forgetting the holding and end selling even in losses.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: AnonBitCoiner on November 16, 2023, 05:09:26 PM
Nowadays, there may be people who sell their Bitcoins because things are not going well economically. Most conscious investors try to keep their Bitcoins and other investments in the long term, but as you said, sometimes we may need money and have to sell our investments.

The volatility of the market allows us to buy the investments we had to sell at the same price or at a lower price. While in general the volatility of the market can be a bad situation, in some cases it can be an advantage.

For such reason there is a strategy to not use large sum for investment and also set an amount for emergency therefore you will not be in risk when you need money. If you think that your invested amount will become necessary for fulfilment of your need then i think its not wise to make investment with that amount. Selling of bitcoin is not a bad thing but an appropriate worth and year is must for developing a good strategy and by doing such one will be calm and relax about his profit. Also knowledge about specific event should be must like halving which is the better timing of selling bitcoin.

volatility has both advantages and disadvantages so it's up to you that for what you are using it. Patience is the only thing that can bring a good outcomes for you but Patience can be possible if you utilize an extra amount and leave it for longer time without any change in this amount.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Mahanton on November 16, 2023, 07:44:05 PM
Bitcoin price speculations is one of the market tools used by market speculators to take position in the market and in doing that DCA evaluation is the market calibrator used to determine what direction their approach will be either to take profits or buy during the discount level.


This tool has made our journey in Bitcoin accumulation smooth and rough at the same time, but the impact of the reality of this approach is equal to individual positions when taking that approach to define the market.


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 are using DCA when investing in Bitcoin then you should not be influenced by any speculation in the market, you must be able to focus on your goal, that is buying Bitcoin regularly every month with the money you set, whatever the updated Bitcoin price. While speculation is usually used by traders as part of their fundamental analysis, with the increasing number of speculative news appearing, traders will definitely be very careful in making their final decisions to enter or exit the market.
being affected by daily price movement makes a investors  not a Holder because that made you keep looking towards the value of your capital and losses and not the long term value..
we should keep our funds on HOLD , keep buying but only the amount you can afford to lose and try to keep your eyes close in the process , because the more checking of the market is the more we lose our confidence .
DCA for me is applicable for those who are willing or ready in sideways and not just a one way route .
the problem with others are just pretending to be a HODLER but any time the market moves bad? they are panicking and yes forgetting the holding and end selling even in losses.
There's really that significant difference among the two if we do speak about being a long term or short term holder on which it is true that once you are really that aiming for long term then you wont really be that making
yourself that mindful about the price movements or conditions on short time manner and since you are really that planning to sell for couple of years or something that do talks about every cycle
then this wont really be that a stressful thing on your part, you cant really just that having the hassle on making price speculations every now and then which its comparable into those who are really that loving
to take some short term decision on which you would really be that too mindful about on the slightest detail or happening within the market. Yes, this market is really that totally unpredictable on which there's
no way that we could really be able to tell on where it would be going but with due to those tools and indicators that we could be able to make use then we do have at least that idea on where it could possible go,
it might not be precise but its better to have rather than on not using something at all.

Just make yourself that versatile and really that making out adjustments on different situations that you might face on. You cant really be that making yourself
be perfect on every step or decision you do make on which it would be normal that you do need to make out adjustments if ever you do encounter something against your speculation.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: barisbilgili on November 17, 2023, 03:31:51 AM
Some people who use the DCA method in the investments they make of course have prepared themselves for all the situations they will face and also know the risks they will face in the investments they make so they will not be affected if they see speculation. other people do, they just wait to see when they can get a profit from the investment they make.

When trading, of course we have to be very careful in making a decision because if the decision we make is not right, we will certainly experience losses from the trade.

Yes, that's what differentiates full time trader with amateur traders and short term investors and all it requires is a proper execution based on DCA and one should not get carried away by temporary market volatility because anyone can be tempted by market situation and may go out of rule for some quick back which might not end well. That's why we say being a trader is not that easy and especially back in the days when trading bots were not widely used to be manual task unlike today and in my opinion if a person is using DCA he or she should never divert from that, I used combination of indicators and was earning decent profit but made similar mistake by getting carried out due to emotions and went through tough time.
Yes, I agree with you, becoming a trader is not an easy thing to do, it requires a lot of experience and a good understanding of trading because if you don't understand trading well, it is very likely that you will experience failure in the trading that we do.
We must be able to do it consistently in using the DCA method and if we cannot do it consistently, of course this will not make us get little benefit from what we do and it is also important for us to be able to control our emotions when we go through the failures that we do.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: Davian144 on November 17, 2023, 10:51:15 AM
Some people who use the DCA method in the investments they make of course have prepared themselves for all the situations they will face and also know the risks they will face in the investments they make so they will not be affected if they see speculation. other people do, they just wait to see when they can get a profit from the investment they make.
If you still really want to invest by applying this method when buying to invest it in the future, I think that is also quite appropriate for you to do at this time. Moreover, if you yourself don't find it difficult or bothered by this in your own life, of course there is nothing wrong if you continue to do it without stopping with dedication and the hope of better profits through this.

Quote
When trading, of course we have to be very careful in making a decision because if the decision we make is not right, we will certainly experience losses from the trade.
Everyone only needs experience and knowledge to carry out trading, because even though it shouldn't be considered easy, that doesn't mean it should continue to be considered difficult, making us reluctant to do it well. So there is no need to hesitate to do it as long as you have enough knowledge and experience for this, because trading is a job that you can carry out daily, weekly and even monthly by anyone who likes it.


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: boltz on November 17, 2023, 12:02:20 PM
The impact of Bitcoin price ? Well , let's just take a quick look at transaction Fee in the last 48 hours because it's now double in value since 2 days ago and just 1 transaction of Bitcoin is up to 22$ in fees which is absolute insane and this will affect once again the Bitcoin network and we will have congested transaction that will won't move for quite some time. This is already a warning sign for what Bitcoin network might look when the real pump will begin... :(


Title: Re: Impact of bitcoin price speculations on individual bitcoin holding
Post by: sana54210 on November 17, 2023, 06:06:00 PM
The impact of Bitcoin price ? Well , let's just take a quick look at transaction Fee in the last 48 hours because it's now double in value since 2 days ago and just 1 transaction of Bitcoin is up to 22$ in fees which is absolute insane and this will affect once again the Bitcoin network and we will have congested transaction that will won't move for quite some time. This is already a warning sign for what Bitcoin network might look when the real pump will begin... :(
I do think that it is a very temporary situation, I do not think that it will go on like that, doesn't feel like it would make sense on the long run to continue that way neither. I believe that we are going to end up with something much smaller and the result will be a lot better one way or another. I get that people may not feel that comfortable about it, and maybe right now a lot less people are spending money on transactions, but I am sure there will be a solution to this one way or another.

I do not know what it would be, but remember how legacy blockchain is still a thing, you can still send money to those addresses that starts with 1, those are even higher, so that means we already figured out a way before so it should not be impossible.