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41  Local / Other languages/locations / Re: Pakistan on: September 21, 2023, 10:50:15 AM
Bitcoin Bulls Eye $42,000 Breakout
Wa alaikum asalam dear cheema02. apki post padhi lekin kush smj nhi ai. kya ap asan lfzo my smja skty hain please. Mai crypto field my beshk new nhi hoon because pichly kuch 1 2 mah sy kuch time spend kiya hai forum pr or crypto ky bary my kafi kuch seekhny ko bi mila lekin agr community ky bndy hi smja dain to badhi help ho jati hai.
42  Local / Other languages/locations / Re: Pakistan on: September 20, 2023, 06:11:06 PM
(SNGPL) Northern Gas Pipelines Limited ny 323 gas illegal gas connections remove krdiyee hai and still this operation in progress or jo amount jo amount defaulter sy recover howie hai wo 75.4 million hai. Gas thieves k 90 million ka jarmana kr diya Gaya hai or jo un sy wasooli howie hai wo 75.4 million batyee ja rhi hai.

mai sooch raha tha ab es mulak mai asi kn c sheez bachi hai jo choori nai ki jaa rhi. Doller chori ho rha, sugar, our agriculture products, Electricity.... matlab kuch b asi kaser nai choor rhy k es azeem mulak ko lutny mai koi kami baki reh jayee. I think ya mulak k sath bohat bara zulam hai. or achi baat ya hai k chezain fil hal k liya progress mai ayee hai like smuggling ruki howie hai jis sy doller ka rate kuch time k liya recover howa hai.

Eletricity ka crackdown , Gas ka crackdown kiya ja rha hai jis sy i think ya log awam ko kuch waqat k liya tanda kr dai gy or bad may sab kuch as it is chaly ga. Petrol k price alag mastiyaa kr rhi hai  Smiley
Thanks for sharing this news, yeah apki news and batain kafi achi hain lekin, mai baaz okat khud heran ho jata hoon ky loog khulam khula asy chori kr kaisy lety hain. matlb ky un ky diloo my na koi khofe khuda chlo pakistan ky bary my hi souch lain. Or zayda tr cases main jo log chori kr rhy hain wo belong bi kisi achi family sy krty hain asa nhi hai ky un ky pass paisa nhi hai to wo chori ki trf chl diya.

Bs logo ko haram khany ki adat padh jati hai or wo chori kr ky haram khay bahair sakoon sy nhi rh skty.

Umeed hai mazeed crackdown hongy, even ky utility store pr log phly hi sari cheezain book kr ky bethy hoty hain or apny rishtedaro my taqseem kr dety hain. Or gareeb bnda hath malta rh jata hai. baat wesy total herangi wali hai ky ky sirf 323 cases sy itni badhi amount my chori pakdi gai.


Kya yaha koi saraiki member bi hai?
43  Economy / Speculation / Re: Buy the DIP, and HODL! on: August 29, 2023, 06:19:56 PM
Bitcoin has died not once but twice but 474 times but resurrected 475 times.
Are you using the term died metaphorically? I mean BTC did not really dies (become zero) I think you are using it to explain that whenever big dumps came people thought of it as dead. If that's the case, then I am agreed with you. And I will try not to be a part of dumbest people who sold at loss.

I am not complaining, and I am saying that the Bitcoin portion of my investments are up right around 26x based on my use of $1k as my ballpark way of estimating my cost basis per BTC.
Ok, I got the answer here. Well, all I can say is no one can actually time the market. As you said you will be in more profit if you would have bought BTC at the price of $500 instead of $1000 (average). And I am glad you were save from all the scams occurred with those mentioned exchanges. I think you are a man of not become a scam victim to exchanges instead only to yourself or your decisions.
In recent times, I have been admitting to having at least 0.63 BTC, but in the future, I might have to change the amount of my admission.
I thought you will not share how much BTC you have because people will start to judge you but I think you do not care about them. Well, I hope you will get the target of 1 BTC soon.
[/quote]

So if we might feel that we need $3,333 per month in passive income, then we might need to have $1 million of net worth, and sure that networth could be in a variety of different asset classes, and I was considering creating a thread about those kinds of cashing out concerns, but I was thinking about using 21 BTC as the starting
I would love to hear the plan but I doubt if anyone here having 21 BTC would care to act on that plan but still by sharing plan you might get to know a lot more from other members and members like me could also learn from it. But the invetment is huge here (21 BTC). There must be huge number of people here who might have 21 BTC or dollars worth 21 BTC at the current price.

Talking about BTC price... BTC is going to touch $28k but what it matters for long term holders we are zombie here who do not go after such short meat instead we go after big piece of meat but until then we have to pretend as we are dead as zombies. hehehe.

I will put that BTC talk thread that you linked on my list of threads to look at... sometimes I have too many "threads to look at," and I end up changing priorities or sometimes removing some of them from my list... it depends on where I am at.
Wait let me share the graph I am talking about (This reply) and to this reply I posted this
44  Economy / Speculation / Re: Buy the DIP, and HODL! on: August 28, 2023, 04:18:37 PM
I have made mistakes along the way, too, and there are surely folks who have had way better price performance than me.
........................
So even if you were to attempt to plug numbers in here, you do not necessarily get to stellar performance, and of course, BTC prices went up 20x from the 2018 lows but also corrected back down to right around 5x.. and perhaps now we are around 8x to 9x from the 2018 low.. but I like to characterize my own overall BTC holdings in terms of having a cost per BTC right around $1k per BTC, and therefore it is easier to estimate the BTC part to be around 26x up, overall.
You are saying you made 26x and still saying I have made mistakes along the way. I mean are you even expecting more? Or what I just missed here.

I mean even if the buying of 1 BTC cost you around $1k at an average rate then I think that's a good buying. But still, it really matters how much BTC you have. Not asking just saying.

PS: and did you remember the graph which wind-fury shared, the link of which I gave you, by searching it on the google lens. I found the source to that topic, and it was not intentionally found instead I was reading some topics and one of the OP made a topic by the name of Here is a tight slap to bitcoin haters

Well, that chart was about, all the times in past when many big authorities talked bad about BTC and then BTC turn out to be a charm instead of failure. The thing is BTC really disappoints many people who believed in its failure. The real link to that source is here https://buybitcoinworldwide.com/bitcoin-is-dead/
45  Economy / Speculation / Re: Buy the DIP, and HODL! on: August 27, 2023, 06:39:18 PM
It is quite unfortunate that up till now people are still agueably resisting to buy the dip. Bitcoin is a coin with great future and purpose. the founder of Bitcoin (Satoshi nakamoto) has a bright future for Bitcoin. when Bitcoin came out, people were adamant and ague about it but on the long run it became a success from 2017 to 2022.

There was an all time high of over $65k and later dropt to $18k and raised to $30k. so there  is a tendency that it will definitely skyrocket. So now is the time to buy the dip and hold. (Satoshi nakamoto) said that Bitcoin is for the common man. But the rich took advantage of it, because poor men will always see any opportunity as scam that's why the whales bought and stuck today Bitcoin is no longer for the common man. But there is still slight opportunity to buy now and never regret.
You are right. At least one person who takes part in it will be free from FOMO. and I do not really think the rich have benefited from the BTC and the poor have not. Because once the poor (with lesser knowledge) came to know about such opportunities, they tend to ignore them, but when the same poor see another fellow poor making his or her life better with that knowledge, which he refused before, they tend not to ignore it but instead gain that knowledge and expect the same results as their fellow poor.

And that's the audacity of the system here. People do not take actions based on others gains; instead, they even do not tend to think before making investments, and another downfall of the poor is that they do not have savings, which means they do not save some money for emergencies. Once they know some other dude made huge profits, they will jump into the market with all of their asses, and at the end, when the market does not go as they have planned, they will have financial problems, and then they will try to survive the trade even with a loss because they will think that saving something rather than losing all is beneficial.

But at the end, we all know patience is also necessary, and that's why we should have funds in case of an emergency. I also learned that from an expert with more than 20 years of experience.
46  Local / Nigeria (Naija) / Re: Can a unified language solve Nigeria's problem of tribalism? on: August 26, 2023, 09:15:29 PM
But if we try to teach the kids only same language or try to change the curriculum at big level for example in different tribes then they all will go against this idea. Just like many people who support Pride flag while some not so many schools try to promote it but when parents got aware of it, they went against it. I did not mean to go against any group either it's supporting pride flag or not. I am just using it as an example to make my words clearer.

I think instead of making a unified language to solve tribalism, the best way is to teach children at schools or at any social event that we all are equal, and we all have equal rights, and we should support each other, and we should not make decisions (biased) on the basis of tribalism. I have a slight idea as tribalism is not something old many countries have faced it and they have overcome it too, but many countries are facing old and new tribalism events.

I think it will be way better to teach them about equal rights and self-awareness and how they could grow if they back each other up.

PS: I do not belong to this board but dear Oduho I have read many valuable posts of you on thread, so during a visit to your profile I saw this thread and I could not stop myself to share my ideas but If you guys think I should not have interfere then I am more than sorry as this is a local discussion and I am not a local here so I hope I will be forgiven.
47  Bitcoin / Bitcoin Discussion / Re: HOW DO WE TRANSFER BITCOIN WEALTH TO HEIRS AND THE NEXT GENERATION on: August 26, 2023, 09:01:31 PM
If you have a few children, you could try using multisig, but then there's that one of your children dies after you, but before they can share the money.
You could also use a time lock, but then, it doesn't mean you'll time it well enough. You're 50 and you have a 10 year old child, so you lock your coins for another 5 years, but you're still alive, so you keep going, finally you lock it again and die a year later, so your child will have to wait 4 years? That's pretty harsh.
I'd put the instructions and seeds in a capsule and hide it somewhere. I'd give the location to someone that I trust, but make it hard for them to break into it. Let's say you have children and you tell them where the capsule is, but it's under a concrete floor in your living room, so they'd have to use an electric tool and need a whole day to uncover it. They won't do it wile you're alive, but should have no problems getting to it when you're gone.
I think we should begin to think like adults now. As giving ideas and then pointing the flaws out of them are not going to help the OP. And to be honest I do not think OP is going to read all the replies but still he is doing then, he should search for a lawyer or a trust party whom he can give the responsibility of dividing heir in his Childs. But the best practice is (if the children are adults) to divide the heir by himself.

But if they are still child as in your examples then he should hire a middleman or a trust lawyer whom he could give the responsibility of diving the heir equally. But sometimes those middlemen turn up as the biggest scammers and they do not do as they are agreed. So, to avoid that, buy a Hardware wallet and give it to that middleman and tell him it is a USB which contains my last message for my kids. You have to give this USB only when I am gone, and they have become adults. To back this story up and put some extra spice he could buy 1 Hardware wallet and 1 real USB and market USB as 1 and HW as 2 and could say the middlemen that he has to give my Childs the instructions that they should play the video by USB first and in that USB, father could save the Video. Now there are many problems to this method too as if middleman watched the video, he will know what is going on here and that middleman might become greedy. So, find a trustworthy man to handover the heir agreements of BTC.

PS: I think now I began to think like child here. But the real problem is when the Childs are young and not old enough to receive the funds, so the best thing is to lock them even the Childs have to wait for 4 extra years. As it will be a good point for the child as in next four years a halving will came and those BTC will have even more value. Cheesy
48  Economy / Speculation / Re: Buy the DIP, and HODL! on: August 26, 2023, 08:47:46 PM
Doubts and fears are very natural, and it is the nature of every human being. It is not a problem as long as we do not fall into that fear or doubt and make us never move to start collecting bitcoins in our portfolio.

It is interesting to read your words regarding "I believe that no time is wrong for an entry point to accumulation some Bitcoin" because even if that is true then an investor who buys bitcoin must hold it longer, unlike when they buy during a price decline. For example someone who buys when bitcoin hits the last ATH, then how long does it take them to be able to turn their portfolio into a profit? here requires a very strong mentality to be patient to hold it, because if not then they will be frustrated and sell it at a much cheaper price.
Not everyone can do that, especially if they're someone who doesn't have a lot of patience.
All trader ever in position doubt and fear when investing their money in bitcoin or altcoin exactly facing moment with price dropped drastically, its nature of human being how to face with their investment happening later drop or not. But don't give up for accumulating and buying bitcoin how many possibility based on our financial having. Bitcoin and altcoin trader have strong mentality and more patience facing bad moment when bitcoin drop and keep continues reinvesting if their target with long term investment. Don't give up when looking current Bitcoin or altcoin have lower price but take it as very good opportunity by accumulating as much possible not only with bitcoin but also some potential altcoin worth for long term holding.
Totally agree with both of you. I mentioned before that a friend in my circle have some money and he asked me either I should take entry or wait for the market to come down. I suggest him to take entry but what he did waited more and now he things market will come down more. But the problem is he wanted to accumulate for longer period of time.

So I said if you really wanted to book profit when BTC will near to new ATH then you should not worry about the current market situation instead you should jump in. Well, I am also not an expert and I have told him that, maybe that's why he is not listening to me.

I learnt few new things like DCA, Lump sum and buying at dips and what actually DCA is and which is more beneficial under which circumstances (like Having big amount of money means you should do Lump Sum with some of your money and then use some of the amount for DCA and some for the dips). And I had not told him yet about my new learning. I will try to teach him what I learnt but the point is I got sad and angry too when he ignores me.

Although we all have the mentality of my friend, as we all wanted to take entry at the lowest point possible at which market could go by market, I mean BTC. I hope he will eventually understand the opportunities he is missing but I do not want that for him.
49  Economy / Speculation / Re: Buy the DIP, and HODL! on: August 26, 2023, 08:01:32 AM
Ok. when I started to type this, I was thinking that it was going to be easy, but I can see how there might be some difficulties to figure out the numbers because there are several calculations, and many times we might end up getting  ballpark calculations of these numbers, but if we overly budget how much we put into BTC (and surely if we get distracted into shitcoins) then we might not have enough money to cover everything and we may well end up screwing up our budget because we failed to adequately plan for emergency expenses and we were attempting to be too aggressive with the amounts that we were putting into BTC.
I'm happy that the website I shared will be of use to you. And really, the website you was using has only options to select only years in accumulation tab.

Calculations really were difficult but basically you were trying to explain three stages which you explained before first is buying at dips, doing DCA and lump sum. And based on different factors like what are the goals of one person to achieve with his investments and how much he is trying to hold and how much savings he has at the start. Such factors will drive him to select any of the two options (DCA or Lump Sum) and in you example he had $6k out of which he lump sum $2k and DCA $2k and saved $2k for dip. Thanks for all the explanations.

One more thing which I have learnt from your explanations is "Emergency Funds" are necessary like aggressive investing in BTC will definitely end up investor in bad situations. So, I will also keep the Emergency fund allocation in mind. Thanks a lot for all the details dear.

Well, don't be blaming me either when you end up losing all of your money.   Tongue Tongue
ha-ha, No No, I will not blame anyone because I am/will be the one who is responsible for my own acts. As I am a conscious adult, and I do know (to some extent) what might be good and what might be not. And One of my cousins used to say: "Only Listen to what other says never act upon their words instead use your own mind to make decisions." And I am using that formula in my life from very long ago.


I was 63% bitcoin.. so it shows going from 0% bitcoin to higher amounts and a lot of that is mostly just changes in the prices of the assets, and bitcoin has grown better than my other investments which have largely had very modest growths and I did not really change those other investments very much.
Got the point dear, as you said, you do no need to do rebalancing because your portfolio is increasing (means you do not intend to keep your portfolio constant instead you just doing DCA and increasing it).

I suppose that they are each categories of maintenance but some differing kinds of ways to deal with it in terms of how I was engaging in the maintenance.. which also has to do with living life.. and figuring out where to get money from.. and to largely let the bitcoin continue to mostly ride.
Got it.

I came to BTC because I was already looking for something to supplement the stuff that I already had, and one of the things was that I had a 401k and I wanted to try to invest into something that within about 10 or 15 years might be able to be of equal size as the 401k that I already had..and at the same time a kind of hedge against the dollar a kind of gold.. and so that brought me to bitcoin and instead of taking 10-15 years to match my 401k, it took only a few years to do that.. probably by mid-2017-ish
I am happy you achieved your targets but after reading your reply I began to think You must be one of the top 1 richest people in the world as you have such an entrepreneur mindset, and you must have gained a lot from BTC and other diversified portfolios. One of my friends have that investing mindset, He always says do not rely on one investment or one source of income, instead we should expand our income sources. And I was like Ok, to be honest I even motivated by him to some extent. But after seeing how much you must have gain even not knowing your age, not knowing your agendas etc. etc. I am really inspired by the way you think to enhance money. And you must have a lot of patience too because many just wanted to become rich overnight.

I find that what I wrote is not very clear when I read back through it.
Then you should really read them back as I will be very honest with you here, that you use a lot of words to explain things while you know could be done in lesser, but I can understand the optimism and love you have for others to learn. I pray you will grow more with that mindset.

PS: I did not read the Thread you provided till now, but I have bookmarked it and will go through it. Thanks for that too.
50  Economy / Speculation / Re: Buy the DIP, and HODL! on: August 25, 2023, 10:07:25 AM
We need to consider that we will not always have a large amount of funds ready at once, so in this case DCA is possible. Although not all of them are like that, most people, including me, are always constrained by financial conditions and it will be very difficult if they buy btc in large quantities at once so by thinking about things like this, I prefer to make gradual purchases with the time and amount I want beforehand.
This is in order to maintain our consistency in making purchases and in order to maintain the financial condition that we have from income to remain stable and the purchase of bitcoin does not affect the expenses we make every month.
Got the point here, As JJG also tried to emphasize the same thing before, and I got this point from there already but thanks to you too as conditions are not same for everyone as I do not know what the conditions of your country are but the conditions here in mine are too bad. Political leader are next lever corrupt people and those who raise voice are put in jail even our Ex-Prime Minister is put in jail and those who went against that case also put in the jail. TBH things in my country got out of hand. But still, the party which put all of them in jail are now enjoying in UK.

Enjoying their time with girls, point is they could do whatever they want but at least they should provide a voice of freedom. Not to mention media is their pet. Well, I think things are going off topic here as I do not know if I should discuss that much about my country. But my main point was to say things are not easy here and as JJG was saying he has done aggressive accumulation back in 2014 and 2015 and If I was aware of the BTC at that time then it would be easy to accumulate them in compared to this time.

Overall, I did get the point that Lump Sum need big money while DCA could be done using small amounts too, but DCA took long time to book profit while in Lump Sum we could also make instant or quick profit in shorter time.
51  Economy / Speculation / Re: Buy the DIP, and HODL! on: August 24, 2023, 08:59:12 PM
I have done all of the things that I talk about, and sure many times they are going to be tailored to the specific situation and depending on what stage someone is in his/her bitcoin journey, so if you are in an accumulation phase, you could be in early, middle or late accumulation which might affect how you might prioritize, and then perhaps if you have been accumulating bitcoin for a while, you may transition to a kind of maintenance and/or liquidation stage..
Ok I got that, and I did not get into accumulation yet as I shared my situation before with you on this same thread. Well, but if I compare the mindset I had back when I was new here with the mindset I have now, I am more confident about BTC thanks to this thread and specifically to you. (not buttering as members started to criticize in humorous way in WO). And I will start to accumulate BTC soon and I will share the stats with you. But to clarify, I got your point here and from maintenance, did you mean rebalancing? Like first you did aggressive accumulation and then you started to maintain your portfolio is that what you mean by maintenance.

Another thing is that many normal people (normies) might not be able to go from BTC accumulation to maintenance as quickly unless they might already be starting with an investment portfolio, and I had already largely had been building my investment portfolio for more than 20 years prior to getting into bitcoin, so it was likely easier to reach accumulation targets based on those kinds of considerations.. and it is my sense that many normies still might need to take nearly 20 years to build their BTC holdings,
Well, if those normies are taught by a person who have the 20 years of experience then those normies also hold the 20 years of experience. Well, technically that's not possible and I know that but metaphorically a normie who taught or got lessoned from a person having 20 years of experience at least say that I have that much experience but still I am really impressed that you are into investment even before BTC and I think that's why you must came to know about BTC too.

PS: Well, if you do not mind how old are you? You can ignore the question too and I really wanted to know how you got into BTC.
Yes.  I repeat myself sometimes.
I mean you are talking with many members on different topics and writing that long replies to everyone, even if forget sometimes what I have said to someone so before reading the replies I try to read mine first. Hehe. TBH, I have short memory and I can bet you don't have that problem. And that's a good thing. But still repeating is Ok for me and I appreciate as you could also ignore it as it could save you time but repeated it.
52  Economy / Speculation / Re: Buy the DIP, and HODL! on: August 24, 2023, 07:29:36 PM
Some of those pro-lump sum arguments presume too much about people having lump sums that are available and able to be invested at strategic times, ...........
Got the point and of course when I used that tool (calculator to calculate DCA) I select the frequency first to week and investment to $10 only and I was on lose according to that tool when I set the start date of 2 months ago. Well, the point is the frequency of investing in BTC by doing DCA do provide us the benefit that if we do not have enough funds to invest all at once.

Means, let's say if the investment become $5k by doing DCA and if we have enough funds at the start then we might have preferred to do Lump Sum. But as I do not have that much money at the start so I should prefer to enter the market with less too. I totally got the point here too. And also, I think one might not like DCA while other could.
53  Economy / Speculation / Re: Buy the DIP, and HODL! on: August 24, 2023, 08:19:19 AM
You do seem to be mixing up your definitions a bit, so I am not sure if I am going to be able to pound the proper way of thinking about the matter into your head.

A more strict DCA approach is going to largely be price agnostic................

Another thing is that maybe this person has his budget pretty well figured out and his emergency fund is good, .............which is 1) lump sum 2) DCA, 3) buying on dips.................only one of the categories.
You have abled to pound the whole definitions and differences nicely in my mind because now I totally understand what makes DCA strict one and fancy one. Totally got the idea and thanks for the easy explanation too. Really appreciate.

PS: just thinking the advice like the three options you mentioned in the second scenario which are Lump sum, DCA and buying on Dips. I mean no offense, but do you also follow these same norms of investing. Means, aren't you are sharing VIP tips to everyone. Wink

Well one of the ONLY ways that DCA really works is if you have some level of confidence that the asset in which you are investing is going to have periods in which it goes up in..........
Got it.
Strict DCA is not concerned about price.  When you are concerned about the BTC price you are engaging in buying on dip strategies... not DCA.. ........
I already got this point as you explained it with examples in this same reply, Now I understand what strict, soft or hybrid DCA means.
Oh great. .thanks for the link.  I see that there is no real article.. just the chart... but still at least it shows a possible place that the chart might have come from.
Yeah, I was also looking for an article to read more explanation about the graph but sad I did not find any so I think sharing it might help but still some explanation is must for people like me. Thanks a lot, to you for helping for solving confusions.
54  Economy / Speculation / Re: Buy the DIP, and HODL! on: August 23, 2023, 05:19:53 PM
It's really a big hurdle, but we shouldn't let that stop us from recommending bitcoin to them. Because maybe their desire is not necessarily profit but most likely, they want to experience new technology like bitcoin. I think at that age, money is no longer a big deal for them.

If my grandfather also likes to invest in bitcoin. I am willing to use my own money for him to experience because at my grandfather's age, money is not the most important thing.
I'm not a hypocrite when it comes to experiencing new technology, to be honest, the benefits still hold for people who enter Bitcoin, regardless of the new technology, it's a plus point to be felt by everyone. But when there is no profit to be gained, it does not mean that interest in it has increased. The important point of what we are targeting is long-term profit. Old age and youth are only a limit if we are able to place it according to the level of understanding. Your grandfather is good enough and willing to make decisions, but when something unexpected happens, you should at least be the first to allocate the profit for your grandfather's health insurance, not for personal gain.
Basically, what you guys are discussing here is, either an aged person should learn new skills, or adopt new technology. We tend to have these types of thoughts because we know they are at the end of their age and who knows how many days they have left. But I have a strong belief about we should not think that because even we do not have the full surety that either we are going to live another day or not. But still, we wake up and try to make efforts to make a good living for ourselves and for our loved ones.

Point is it does not matter either one person is aged or just a young one they should learn new skills; they should adopt new technologies like BTC. Meaning in the journey of experiencing new technologies people always started to make money so there is not point remains of discussing either one enters BTC to make money while lesser enter BTC to experience it. TBH, who enters it once and experience it then it must have become difficult for them to leave it.

I just experienced an example of such young and aged people, I actually taking some course of online money making and in one of the curse two people one is around 17 years old, and one is 75 years old, and they both are learning the skill from the same teacher. Means sometimes it looks so strange but those who have passion to learn new things should not worry about their end days. I mean to say they should not think we will die tomorrow so left the option of investing in BTC as we might not be there to get benefit from the profit. Ok if you want to get benefit then donate the profit to any charity made from BTC. How will one do that. He could write a will or anything similar or could hire a Lawer for that.
55  Economy / Speculation / Re: Buy the DIP, and HODL! on: August 23, 2023, 07:13:46 AM
Now if you are doing extra or changing your DCA, then that is not really strict DCA anymore but instead a kind of hybrid that takes advantage of the dip, in the employment of buying on dips practices.
This might sound impulsive and a pretty barbaric strategy, but if we can afford to do something like that then why not.
It is not meant to change the DCA that was done before and the DCA still continues to be done, it's just that we can also take advantage of making some new purchases when a decline like this occurs because this would be a shame to miss.
I read your previous discussions and after reading the reply of Furious in previous page, I began to think should we even do DCA in dumps like these because we knew this is the lowest BTC could go. But if we do not know either it's the lowest or not then it is always a good strategy to save some fiat to enter to buy more Satoshi in dips. But still, I think DCA is not something a strict rule which we should follow like we could make decisions of taking entries with the sensitivity of market.

Let's say we have still $1000 in savings even after doing the DCA when the BTC is at $20k and after some bad news or whatever reason BTC again touches $17k or $18k then I think the wise decision would be to put all $1000 into the market instead still doing DCA at that moment.
It depends on your own strategy and choice, I think. Regardless of whether you want DCA or waiting if you really believe the price you are waiting for will be reached then that is also no problem as long as the focus is still buying regardless of buy on the dips or DCA you determine what you think is best.

But in this case I will still do both, DCA is one of the things that I still continue to do and stopping DCA means I have lost consistency in it and it will be annoying on the other hand that does not mean I am not preparing to buy on the dip because it is also still possible for me to do but on the other hand this is also not to be a reference for others because again all have strategies and patterns that they do in collecting bitcoin it's just that this is my version regardless of this is one of greed or impulsiveness I have no problem with it because I have considered my financial condition.
Got it, We should do DCA for the long run and for the short term we should do lump sum because I have found one calculator to calculate what results we might get if we have done lump sum or DCA. Well, here is the site Not trying to promote it here instead sharing for info only. https://dcacryptocalculator.com/bitcoin

Well, I have got some results by entering some dates and in the last 6 months we make profit only if we have done lump sum but by doing DCA we might lose the asset's value. The thing is, accumulating is all matter as you said so I think I am agree with you.
56  Economy / Speculation / Re: Buy the DIP, and HODL! on: August 22, 2023, 07:22:59 PM
More simply, and from Bitcoin's technical viewpoint - As long as the transaction follows the consensus rules, it will be broadcasted and it will be included in the blocks for confirmation. No prejudice, no stereotypes, just Bitcoin transactions that you may approve or disapprove of.
Means We both are on the same page regarding to this knowledge only. And I hope to get more valuable resources to read like these from you. Do you have any good resources to know more about BTC Blockchain infrastructure like the main components. I know the video in the article is also good, but I am more interested in reading instead of watching.

DCA comes with various plans depending on how much someone knows about trading. I'm happy my plan has been good and it's been working for two years. It's easy, make the most of price changes by buying when it's low and selling when it's high. If you're unsure, the base order is the first investment amount you won't go over
Agreed to the point that DCA method is not same for everyone even I can say for sure one might be following the same rule which you shared but they might not be aware of the fact that other are also aware or at least have name for such methods. Like the "order size" and "deviation multiplier" etc. And thanks for shedding light on my question.

Yeah of course, you can employ your own variation of DCA, but if you do not really understand what you are doing, it is likely best to attempt to employ a more strict variation of DCA first, and make sure that you understand the more strict variation of DCA before you start to get too fancy and then end up doing something that you call DCA but it really is not even close to what DCA should be.. but instead a kind of buying on dips or even a kind of gambling, but you call it DCA because you start out with DCA and then devolve into something else.
What factors makes one DCA strategy strict one and fancy one. Are these two mentioned ways of DCA are strict or Fancy one. Because from what I have learnt in the short period is in DCA we do not put all of our money at once just like we do in lump sum instead we try to time the market or at least to increase the profit on our holding to get our hands on more Satoshi.

And I read some articles too about DCA types, but I did not find any, but I do find an advice that we should do DCA only in those assets or in only those investments which are for longer period of time.

You seem to be describing that correctly.  So if you have a regular DCA set up, then you might have some dollars that you are holding in reserves, so when the BTC price dips, then you decide how much of that money in reserves that you are going to want to use to................
Understood your points here. In short, I understand that every situation has different DCA strategies. Like when we have more fiat, less fiat, price is on it ATH in some specific time period etc. And thanks for the assistance too.

I guess that you are making a certain kind of point with the chart regarding ongoing wrong bitcoin price predictions, but wouldn't it also be a good idea to provide a link to the chart so that we can see from where you get it and maybe some other context for the various dots within the chart?
https://zurichcryptojournal.com/how-many-time-has-bitcoin-be-called-dead/

I do not know if dear Wind_FURY has downloaded the image from the following website or not, but I found it using google lens and google lens helped me a lot in giving online tests. Even in the assignments of making apps in java they gave us diagrams and all I do is use google lens and then upload that image to find out that from which website they have picked the picture and once I able to find the source then it became super easy for me to copy the code. I know that's not a good way, but assignments take huge time and while we have our hands on full of assistance then i do not hesitate to use them Hehe.
57  Economy / Speculation / Re: Buy the DIP, and HODL! on: August 21, 2023, 08:28:33 AM
DCA deviation multiplier
DCA #1 = Base Order - 1% = $29,700
DCA #2 = DCA #1 - 1% * 2 = $29,100 (Base order - 3%)
DCA #3 = DCA #2 - 1% * 2 * 2 = $27,900 (Base order - 7%)

DCA order size mulyiplier
DCA #1 = 1,000 USDT = 1,000 USDT
DCA #2 = 1,000 USDT * 2 = 2,000 USDT
DCA #3 = 1,000 USDT * 2 * 2 = 4,000 USDT

TBH, I did not realize DCA have types. Because I have been advice by legendary members that we should do DCA to get more Coins. But I never heard about types of DCA. And after reading these, I can say, each person can come up with their own DCA strategy which might suits them best. Like if to some person this DCA deviation multiplier is not working fine then they go after the second one. But One thing I did not understand there is what does the meaning of "Base order" here. I hope someone would shed a light on it please.

Just like what a friend told me, he said he invested a lot of money on Bitcoin that he plans holding for long and that he structured his portfolio in two ways of investing plan, first one is buy and hold while the other one was for buying and selling, so as Bitcoin price dipps he sees it as an opportunity to trade the market by scalping.
Means he knows the difference between Trading and Holding Because at first case he is holding which will provide him good results IMO. I think you should ask your friend to share the stats of 2 years trading and Holding in BTC. And you should compare which was profitable. In my thoughts, the holding will be more profitable.

Now if you are doing extra or changing your DCA, then that is not really strict DCA anymore but instead a kind of hybrid that takes advantage of the dip, in the employment of buying on dips practices.
This might sound impulsive and a pretty barbaric strategy, but if we can afford to do something like that then why not.
It is not meant to change the DCA that was done before and the DCA still continues to be done, it's just that we can also take advantage of making some new purchases when a decline like this occurs because this would be a shame to miss.
I read your previous discussions and after reading the reply of Furious in previous page, I began to think should we even do DCA in dumps like these because we knew this is the lowest BTC could go. But if we do not know either it's the lowest or not then it is always a good strategy to save some fiat to enter to buy more Satoshi in dips. But still, I think DCA is not something a strict rule which we should follow like we could make decisions of taking entries with the sensitivity of market.

Let's say we have still $1000 in savings even after doing the DCA when the BTC is at $20k and after some bad news or whatever reason BTC again touches $17k or $18k then I think the wise decision would be to put all $1000 into the market instead still doing DCA at that moment.
58  Economy / Speculation / Re: Buy the DIP, and HODL! on: August 20, 2023, 07:24:22 AM
No, my intention was to show technically how and why Bitcoin could be used for anything, read this write up by StopAndDecrypt, https://medium.com/hackernoon/bitcoin-miners-beware-invalid-blocks-need-not-apply-51c293ee278b
I read the whole article and it was super interesting and informative too. The result of that article which I concluded is: Anyone could make transactions, anyone could make blocks, anyone could do mining, blockchain does not care either those transactions or blocks have anything to do with good or bad purpose or use cases. All blockchain's nodes matters is of transactions is invalid then they will not send it to the next 8 peers and if one keep making invalid transactions then that address will be banned automatically to avoid spamming. And same mechanism goes for Blocks. Like people could make only heading or header name for a new block but to proof that either the work has been done or not the Proof of Work (POW) is confirmed by confirming the hash number with special numbers (special numbers that are used in the YT Video included in that article).

If the work is done, then the block is validated by nodes and the data is send to others for validation otherwise if it is invalid then it is not shared in the network. Overall, there is no single entity could judge why the transaction is being made but all that matters here is either the transaction or blocks are validated or following the rules or not if not then they will not be added if yes then they will be added. Please correct me if I took the conclusion wrong here.
59  Economy / Economics / Re: What Actually Drives People/Gov to Adopt New and Bold Decisions on: August 20, 2023, 06:41:11 AM
What do you expect to happen? The world to stand still and not adapt to new technology? Should the government still mandate that everyone use a horse and cart instead of motor vehicles? ........
Exactly, why they stand still while people with unique IQ (unique means high) tend not to live a life of dumb one obviously. Everyone wants to make new innovations, startups, new technologies will keep coming until the end of life. That's what I am saying, because everyone has some desire some purpose.

The studies are out there and I can provide them if you wish (I assume this is common knowledge) -- COVID was the biggest transfer transfer of wealth away from the middle class to the elites (not the rich, but the ultra elite). It was entirely government induced.
I would love to read those studies and looking forward to your reply with data. And that's for sure that only the elites have filled their bags with money while only the middle ones suffered because I watched a video on IG, in which a long hair dude was explaining how the big organizations like the medical ones made billions of dollars.
60  Economy / Economics / Re: What Actually Drives People/Gov to Adopt New and Bold Decisions on: August 18, 2023, 07:18:25 AM
It's complex, but the short answer is money and power.

When you have money and power, you can control anyone else as you can do anything and the other people can't. Every human can live as long as they have food and a place to sleep, but due to current modern era where it make most of people trying to become rich, they started to become selfish and not care with the others.

Not everyone can win in the race to become rich, but everyone can survive.
That's true even in the race of becoming rich people do bad things they do not care about the work or words they make could put which type of impact on others. All they care about is Money and to live a life they dream of. TBH, i have no dream of buying sports cars, living in big houses in fact i fear big houses because there is so much loneliness in them. But i love games, love to sit in friends, love to talk with them how we can become rich one day (hehe) yeah but without dreams. Other than that, i am just passing my time here. Well, we should care about others because not everyone living the same life as we are.

I saved my brothers life when my parents couldn't, because they reached their limit, there was no fa....................

There is something called SIN,.................

War gives birth to PEACE, there is Good and Evil, since the days of ADAM and EVE ...............

As Evil as the Nuclear Bomb sounds...........
I am happy that BTC changes your life and helped you a lot and i think it will help me too because it really opens many doorways not only to finance but to innovation too. And i do know about sin and the biggest factor behind SIN is also desired to do things. You mentioned Adam and EVE, i have belief on them. DID you know what was the first murdered in this world it was the child of Adam and Eve one killed another for desire of girl if i am recalling the story right? Sorry if i did not recalled it right because i read it a long time ago. And in the last paragraph you talked about Atom bomb like you just watched Oppenheimer movie. Hehe i did not watched it but i think the answer is relatable because what urges Oppenheimer to make Atom bomb and what actually urges Nolan to make that movie which will work as salt in injuries for those who have bear pain and lose a lot. I did not watch the movie but from short clips on social media accounts i can say, they manipulated movie in a way that Oppenheimer did not actually want to make and instead he was forced. I might be wrong here too as i said i did not watched the movie.
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