Thank you all for yet another fantastic week and Merry Christmas/Happy Holidays to everyone in this campaign ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) No new positions have opened up.
The Christmas promotion has ended and this means you can now revert back to your previous Signature, please update yours ASAP. Christmas and New year greetings to all members of this campaign. Hhampuz, can you please verify that we have to revert back to signature mentioned on this post from Sep 4, 2023? https://bitcointalk.org/index.php?topic=5280190.msg62796230#msg62796230
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I doubt that being in bitcoin for 4-5 years or more helps you to know better when the BTC price will move, but it helps you to figure out at what prices that you might buy, if you had started to slow down in your BTC accumulation, then you may stop DCA and ONLY accumulate on dips or during BIG dips.. but you are likely mostly informed by a sense of already having more BTC.. and perhaps even getting to a point in which you feel that you have enough BTC relative to other assets that you also have. Your choices are likely not even going to end up being correct, but you are in a better position to have more options after you spent some time accumulating bitcoin (and also more likely to have your currently held BTC in profits) versus the person who might be in his first year or two of BTC accumulation, but some people still might not end up doing the right thing because they might be trying to keep their average cost per BTC down, and then they end up being too whimpy in their BTC accumulation, merely resting on their having had accumulated BTC at lower prices and at earlier times. There sometimes can develop feeling of futility if you accumulated 4-5 BTC over the past 4-5 years, but at that same accumulation rate, you may well ONLY be able to accumulate 0.5 to 1 BTC over the next 10 years, so there could be some questions regarding if it is a good idea to continue to accumulate BTC, and no one can really decide for that person who is weighing his own particulars in order to figure out whether 4-5 BTC is enough and how much better would it be to have 5-6 BTC, even if it could take another 5-10 years to accomplish such additional BTC accumulation.
If you are not doing DCA and trying to buy only on Big Dips, then you need to continuously remain in touch with Bitcoin price and try to figure out yourself dips and big dips. The only thing we don't know is that the price we buying is the bottom or just the start of dip. These are things you have to keep in mind if you are not doing DCA. If you are not in DCA and have huge cash then buying at one price is also a good option provided you are willing to HODL for a longer duration. Lump sum investment becomes more profitable if you correctly caught the big dips. But again there are trade-offs, in Nov 2018 price of Bitcoin was around 5000$ while in Nov 2021 price of Bitcoin was around 65000$. If you have your Lump sum investment at 5000$ and you are willing to HODL for 4 to 5 years then results will be very much positive. JayJuanGee is our ChatGPT of Bitcointalk.org ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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I agree.
DCA saves time and headache but more important, it is more effectively than trading and other investment methods if you take your health benefit into consideration.
I just have a small working on DCA vs LUM SUM Profit. DCA:If you invest 100 dollars per week into bitcoin starting from Dec 27, 2019 to Dec 27, 2023. Then your total investment is 20900$ in Bitcoin and ROI after 4 years will be +119% or your total investment goes up to 24870$ LUM SUM investment and HODL:If you invest total 20900$ in Bitcoin on Dec 27, 2019 and HODL for 4 years then today your ROI will be +505% or investment goes up to 105690$. https://dcacryptocalculator.com/Likewise if you go to https://dcacryptocalculator.com/ and play with figures then you will notice that Lum sum investment also gives good result if you are willing to HODL for longer duration.
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The tour match was started from a long time and at this time, we cannot say which team will win but maybe I think that the Afghanistan team will win because UAE's batting is not like something to worry about and they cannot face the bowlers of Afghanistan like Abdul Rahman and many more, Rashid Khan and Fazal al Farooqi and Naveen Ul Haq didn't play this match. In this match, they gave a chance to youngsters to perform a particular performance. Hashmatullah Shahidi is the captain of the team, and by the way, this is the only match that plays at Christmas.
Afghanistan last batting pair is on the crease. After 47 overs they have scored 214 runs and I think UAE has done a good job to restrict Afghans to such a low total. UAE team is made up of players from South Asia and they have tendency to chase such a small target. Though UAE recently finished second in U-19 Asia cup, it wont make any difference to there domestic setup as there is no interest of cricket in locals and there cricket team is entirely made up of expats.
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If you don't like this HODL map, you can use alternatives like You can also add this site to DCA list of websites. Results from dcacryptocalculator and costavg converge and give more detail of DCA then dcabtc. For instance if you want to calculate DCA results of investing 100 dollars into Bitcoin every week for last 3 years or from Dec 25, 2020 to Dec 25, 2023 then dcacryptocalculator shows that you have ROI of +44.10% and costavg shows that you have ROI of +42% while dcabtc says you have a loss of 20%. It's good to use these websites to have a quick overview but if you are accumlatng Bitcoin in DCA manner then always do calculations from your own pen and paper. I think that my point is to make sure that you do your own calculations, and sure there could be some reliance that the amount invested and the amount of BTC accumulated during that period of time would be in the ballpark of being correct,,,
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I think that my point is to make sure that you do your own calculations, and sure there could be some reliance that the amount invested and the amount of BTC accumulated during that period of time would be in the ballpark of being correct, but once you have those numbers, you have enough information to figure out how much you would have had invested at the chosen rate versus how much your BTC would currently be worth, and so at least currently we might be closer to having similar numbers, even though probably you could go through your original list and then make an update for each of the amounts, which would likely end up changing some aspects of your theory about DCA buying into BTC, which sometimes the results can be quite ambiguous in a time period that is less than 4 years, Yes I do checked my numbers and they are at the moment positive. That's probably because price of Bitcoin has gone up and most of my accumulation was when price was below 30k. If price comes back to 30k then defiantly the numbers will be levelled very much. In short term, numbers can go up and down. To see full benefit of DCA one has to wait for a period of almost 4 to 5 years. I got your point that we can use these sites as tools but actual calculations must be done through our own hands and calculator. however once we get to 4 years or more, there seems to be a tendency that the longer that you have been investing into BTC then the better off that you are, even if there might be some BTC price peaks in some of the years that might cause the percentages to not be very different between some of the adjacent years, even though still the overall idea of the longer that you have been in the more likely the better off that you would have been by DCAing into bitcoin as compared to other possible methods, even though surely if you see prices after the fact, you still can make arguments that you might have had been able to figure out how to buy at lower prices. which seems mostly a fantasy, unless you had actually been able to do it, which also might have had been more luck than anything meaningfully undermining how DCA has tended to be a quite solid practice for allowing folks to be as aggressive as they are able to in regards to BTC accumulation and still likely being able to accumulate more BTC, even if it might have had costed them more than other strategies, but there also is likely some value to the fact that they had been able to consistently and persistent accumulate BTC over the years, and there is no real sign that DCA is becoming a less valuable strategy, especially when it comes to longer term BTC accumulation over 4-10 years or longer. If you keep on investing in DCA manner then after sometime you get to know more about how to do DCA in a way that can give you additional benefit, provided you keep calculations from your own hand and calculator. Its just a matter of time before you start seeing yourself confident in DCA and figuring out when to be more aggressive. Bitcoin still takes big dives in its price. Last December price was 16k and this December its gone way up to 43k. If your DCA is span over a period of 4 to 5 years and you are continuously doing it then it wont be difficult for you to judge when to buy more.
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Professional teams never underestimate any team. You say New Zealand didn't field their best XI in 3rd ODI against Bangladesh but those who got chance to play against Bangladesh are all top players so if you now say Bangladesh won but that win was not against a good team then it will be wrong. Regardless of the players, you have to see how Bangladesh performed in the third ODI match. If we talk about the second ODI match, but Bangladesh did not perform badly at all but Bangladesh could not bowl controlled in the end due to which Bangladesh lost the second ODI match. Judging by the way Bangladesh finished the World Cup, they did well enough in the New Zealand series. After losing the first two matches, we assumed that New Zealand would win the third match as well, but Bangladesh turned around in the third match, so we must congratulate Bangladesh.
Winning just one game doesn't mean that you are best and vice versa. NZ squad was same in all three ODI's, there was no change in last ODI. Bangladesh have won the match thats good but they still have lots of work to do. Bangladesh team lack in consistency, they won one or two game occasionally but they fail to win major series specially when they are abroad. At home they take advantage of home pitches and that's something not available abroad resulting in bad performance.
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2 big tests incoming. Pakistan will look to take revenge in the second test against Australia on their home turf though their chances don't really look good. On the other hand, South Africa and India will kick off their test series.
Truly sucks that all of these teams need to play during the Christmas - New Year week which is the biggest festive week of the year.
Boxing day test match will kick off on 26 Dec and Pakistan bowlers are continuously getting injured. Latest is Noman Ali, who is ruled out of entire test series because of appendicitis and is replaced by Nawaz. There is not much chance of Pakistan winning second test because not there bowlers nor batsmen are in form. The best Pakistan can do in this test series is to avoid a whitewash. This is what happen to you if you dont pay respect to test cricket.
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Techniques like technical, fundamental and sentiment analysis aid anyone who is investing but they do require time and expertise which everyone dont have. If I talk about myself I dont have expertise to in TA, FA and SA, thats why I follow DCA.
The idea of the importance of SA is stupid, especially when it comes to long term investment, and sure we are talking about buying on dips too.. so sure, sometimes we might want to consider what is a sufficient dip to buy and how much BTC to buy at each dipping point, which is difficult to determine, and still I doubt that SA is going to be very helpful, even though sure people do use that kind of nonsense, which sometimes means going with the sentiment and other times going against it.. but still seems like a BIG waste of time to playing with those kinds of nonsensical measures to guide what to do or what not to do... which then leads you to the conclusion of DCA'ing, which does seem to be the right outcome, but still SA that is a dumb thing to try to use or even to think about as a meaningful guide for action... but it does sound like one of tools of traders and shitcoiners. Thanks for clarifying that SA is just a wastage of time. If you read my initial post I wrote that I don't have much info about TA, FA and SA nor I have that much time to learn these techniques. I was doing a small research that how much effective DCA will be on https://dcabtc.com/ and comes up with following data. If you doing DCA 100 dollar per week then here are results: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Ftalkimg.com%2Fimages%2F2023%2F12%2F23%2FIRXHd.png&t=665&c=N-Qm67Yeo1Fx2Q) What I conclude from above table is that even DCA may not be effective over a small period of time but over a longer duration like 4 years or more. Your numbers are wrong and with that dcabtc.com website you need to manually calculate your level of profits, so let me show you with the 3 year period. So yes, you are correct that $100 per week would result in right around $15,700 invested over three years, and that would also result in about 0.5518 BTC (which today has a market value of about $24,280 (which is an average cost per BTC of about $28,452 ($15,700/0.5518) and a profit amount of about 55% ($24,280/$15,700)). Your table shows losses of nearly 9%.. which surely is not correct, and perhaps some error of the site because the amount accumulated would end up being 0.5518 over 3 years which is truly profitable by 55% and not a 9% loss. You can recalculate for each of the time periods and come up with differing results, but the trend is generally that every period is currently up, and the longer that you have been in then probably the greater your actual profits, even though the percentages might vary along the way, and I don't necessarily feel like going through each of those calculations myself to show the correct results, but I do use that DCAbtc.com website on a regular basis, and I have found that I have to perform some of the calculations manually in order to get the correct results. There are some other DCA calculating websites out there too.. such as https://dcacryptocalculator.com/bitcoin and https://costavg.com/ https://dcacryptocalculator.com/bitcoin and https://costavg.com/ are giving similar results if we want to calculate results of 100 dollars per week for last three years. ROI for last 3 years from these sites is 43%. While same data on https://dcabtc.com/ shows a decrease in 20% of total investment. So better follow https://dcacryptocalculator.com/bitcoin and https://costavg.com/ for DCA calculations. Thanks for giving info about these two sites. Will do some more research on DCA on these two sites and will posts results in a day or two.
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The Australian team managed to take the lead. Australia managed to collect 200 runs losing only three wickets. And now they are leading by 13 runs. Tahlia McGrath is batting very responsibly. He collected 70 runs from 167 balls. And Healy collected 22 runs from 72 balls. If these two batsmen survive at the crease, I think Australia can give a target of 200. If Australia can score 400+ in the second innings, they have more chances to win. But if the target is like 120-150 then India will win. We got to see very good batting from the Indian batsmen in the first innings.
India very much in control at the moment. Kaur just picked key Australian wicket of Tahlia McGrath. Indian bowlers are very much successful in there strategy of not allowing any Australian batter to settle on the crease. Just when Tahlia McGrath was looking dangerous she was picked up by Kaur. At the moment Australian women lead is just 28 runs and they have only 6 wickets left. Looks like India has to chase a target of 150.
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I was thinking that hardly the Indian women team will reach to 350 runs but Pooja Vastrakar and Deepti Sharma both bowlers pull the score above 400. Pooja Vastrakar Also collected 4 wickets in first innings. And now Australian women team is playing. They have lost 3 wickets on 142 runs they have trial of 45 runs. I think Australia will give almost 150 runs lead to India and I hope that India will chase that target easily. India needs to collect more wickets if they want to win this match.
Indian team is doing the right thing they are not allowing any Australian batter to settle. In second innings Australians have lost 3 wickets and they are still 31 runs behind Indian first innings total of 406. Its tea of day three and we have 2 more days to go so defiantly we will see a result. 150 wont be enough target to win the game, Australians need to give a target of around 300 to remain in the match which seems not possible at the moment.
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Although New Zealand won the series, this win was very important for the Bangladesh team. If Bangladesh did not win today's match, Bangladesh would have been whitewashed by New Zealand. I never imagined that Bangladesh will perform so well in today's match. It is unimaginable to bowl out a strong team like New Zealand for 98 runs at their own ground. But my best wishes to Bangladesh team to win today's match very nicely.
No one can imagine that Bangladesh can beat top ODI team like NZ in that manner. Will Young was the only NZ batsmen that scored 26 runs and rest all are below that score. NZ played 31 overs and just manage to score 98 runs. Three Bangladeshi bowlers were able to pick 3 wickets each and that shows there is not a single bowler who has done the damage but its a team effort. Good effort from Bangladesh and they need lots of such performances to remain in limelight.
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I think everyone who invests in Bitcoin definitely has time to organize their purchases and why DCA is so popular because they invest in the long term with hundreds of purchases throughout their investment journey. Of course DCA is the best and maybe buying at the same time is not too popular if the market situation is bullish. Apart from that, at a special level, continuing to pay attention to the charts is of course not something that everyone can do because they don't have much time due to their busy work, therefore those who focus on DCA will visit the market when their purchases are due and they do it like once every two months or once a month.
And it is true as stated by JJG because in point 8 where we can change our formation when the market situation changes suddenly, that is, we make purchases before the time comes in the composition of the list of purchases that we will make. It all depends on the situation because they can act more aggressively when the market turns red and can also accumulate more when the market falls 10%.
Techniques like technical, fundamental and sentiment analysis aid anyone who is investing but they do require time and expertise which everyone dont have. If I talk about myself I dont have expertise to in TA, FA and SA, thats why I follow DCA. I was doing a small research that how much effective DCA will be on https://dcabtc.com/ and comes up with following data. If you doing DCA 100 dollar per week then here are results: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Ftalkimg.com%2Fimages%2F2023%2F12%2F23%2FIRXHd.png&t=665&c=N-Qm67Yeo1Fx2Q) What I conclude from above table is that even DCA may not be effective over a small period of time but over a longer duration like 4 years or more.
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op I agree with you because when the South African batsmen batted I felt they would easily win the third ODI against India. When these two South African batsmen Markeram and Klaasen batted maybe I thought they would take the South African to the brink of victory with a good partnership. South Africa's Markeram and Klaasen, after the dismissal of these two batsmen, no other batsman could score such a good run. India finally won against South Africa by 78 runs with their excellent bowling. Congratulations to Team India.
SA were doing good in yesterday match until Tony de Zorzi got out. Last 6 wickets gone for just 57 runs and it was due to none other then Arshdeep Singh who got important wicket of Tony de Zorzi. Overall its good batting and bowling performance from India in yesterday match. Indian team was without its main players like Kohli and Rohit yet they manage to win the series and that's a good sign for new players.
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"8 ) your abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time," https://bitcointalk.org/index.php?topic=5376945.msg58719590#msg58719590I personally think that number 8 can deal with a lot of things in terms of how much time anyone has to be able to spend on bitcoin and learning, and if you do not have a lot of time, then you need to attempt to maintain a less aggressive and maybe even a more passive strategy, and DCA works pretty well for someone who does not have a lot of time to study into bitcoin or even to study into various kinds of strategies to monitor if the BTC price is going to go up or down. DCA is not only recommended for people who don't have time much time to study but its also adopted by people who have sound knowledge of Bitcoin. Because as you study more about Bitcoin and strategies to invest in Bitcoin you get to know that DCA is quite a good option to go for it. There are other options also but DCA is different in a sense that it benefits everyone the same way and this is something not available in other investing options. What works well for me may or may not work for you.
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In this match 297 target is not a big target for the South African team. I think if they have wickets they will definitely win. South Africa have some batsmen who can play devastating. But they are not guaranteed. It is difficult to compare them because when they play well there beyond any competitors again when they can not perform it seems they are not worthy to play in any competitive match. According to the position it is still difficult to speculate about the status of today's match. South Africa trying to play defensively after the fall of two wickets. They need big partnerships at this point.
Tony de Zorzi is a new good discovery for SA. He was not out on 119 runs in last game and right now batting on 57 runs. Still a long way to go for SA, they need 200 runs in 30 overs with 8 wickets in hands. We cant say who is favourite at the moment as both teams have equal chances of winning the game. India need wickets specially of Tony de Zorzi. SA must keep a check on asking rate, its touching 7 runs per over and if keep on going up then things may go bad for SA towards the end.
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If you understand the investment in this way, maybe the newbies can clearly understand and learn about the investment.
No matter how much you study or gather knowledge prior to investing, you learn investment only when you jump with real cash. Techniques like paper trading can help you a bit but they are no way a replacement of real money investment. Everyone want to buy Bitcoin when its up and not much pay attention to bitcoin when price is down. There is no harm in buying Bitcoin when it goes up but buying with intention that price is going up so I may buy Bitcoin to get profit is wrong approach. In fact this is what we are discussing here that there must be a strategy that must be span over a period of time (4 or more years) before you start seeing the real profit. Now price is up and many people are buying, as evident from Bitcoin fear and greed index. Same ratio of buyers is not seen when price is down. https://alternative.me/crypto/fear-and-greed-index/
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Ruturaj Dashrat Gaikwad used 2 balls and able to made 4 runs. Sai Sudharsan made 62 runs and used 83 balls. Tilak Varma made 10 runs and used 30 balls. The captain KL Rahul made 56 runs and used 64 balls. Sanju Samson made 12 runs and he used 23 balls. Rinku Singh made 17 runs in 14 balls. Axar Patel made 7 runs in 23 balls. Kuldeep Yadav made 1 runs in 5 balls. Arshdeep Singh used 17 balls and he made 18 runs. Avesh Khan made 9 runs and he used 9 balls. Mukesh Kumar made 9 balls in 4 runs.
Short summary is that India's batsmen did not bat well and they were all out at 211 in 46.2 overs. There was no way, India could win this match unless they also bowled out South Africa, but it did not happen. South Africa achieved the target by losing only two wickets.
An easy win for SA today after they bowled out India at 211. Only two fifties in this match from India side and SA don't have to work hard to chase that small target. In first ODI we saw SA bowled out for just 116 runs and today SA was on top. Both teams are now equally popular for the last game and its not easy to predict who will win the last game.
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I would hope that it would be approved one day due to its importance as you said, however I think that there is an agenda that we are unaware of, that may be limiting the privacy-focused aspects of Bitcoin from being kept alive. I feel like there is a war going on against privacy and anonymity, and Bitcoin is right in the middle of it. I hope that privacy prevails.
The difference between fiat and Bitcoin is that the later one provides privacy and anonymity. Initially this aspect was ignored but with rise in popularity of Bitcoin now government and its allied agencies are taking it serious. Bitcoin initial concept is P2P electronic cash transfer that does not involve any middlemen like bank. Its very obvious that centralised institutes backed by governments does not want them to be ruled out of this huge financial system that's why they are cracking hard on this aspect of Bitcoin.
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There is a famous saying "give a man a fish you feed him for a day. Teach a man to fish and you feed him for a lifetime.". Likewise, if we start thinking from our own brain then it might take some time to develop good critical thinking skills but once they are developed they will be with us for life. There is no use of following other advice or signalling group. One need time and dedication to validate information that is at his disposal. Since there is lots of information floating around, we need to separate the real one from the garbage. All this will help in developing skills that can judge whether the logic presented in the source (news) is valid or not. May be in start we get no good results but with time this approach will mature.
I heard what you said differently. An older brother of mine used to say this saying, his morning was like helping with deeds rather than with money. If someone is helped with money, he will spend the money for a time and he will need money again and he will ask for help again. If he can be helped with an action, the action will earn money so that the person giving the advice will not need to be helped a second time. Although the word is short, this word has been used enough in every case. A new person expressed interest to know about investment or wanted to know about investment but we only discussed with him the positive aspects of investment only to weaken him towards investment so that he will enter into investment with wrong information or wrong idea. Before investing with an investor, one should discuss the financial situation after the investment. The new investor should be given a fair idea about the investment and although time consuming, the investment should be explained to him in such a way that he does not have to ask about it again later. There is a government run program in my country (Pakistan) with name BISP. In that scheme government only give money to people who live beyond poverty line. Its now largely criticised that rather giving money to people, government must spend same amount on running training centres where people will learn some skills that will help them in the long run. That scheme so far was not successful in improving financial condition of people since they spend that money every month and wait for next month instalment. In case of Bitcoin, its necessary to teach person how to rightly invest. If a person understand that what Bitcoin investment is and how to do it rightly then it will help him in the long term. Of course it will take time but once a person mind is matured then he can do it on its own without anyone assistance. Every picture has two sides and you rightly said that we must tell both sides of Bitcoin to anyone we advising about.
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