I think it is all still running pretty damned tight, and look at how close between 2nd, 3rd and 4th places... and I am somewhat happy that we did not end up revisiting and filling in the $70k slot, since it was looking like a possibility for a while earlier today if we would have gotten some more correction that might have had been even lower than the $68,555 that ended up being the local bottom.

And please note that the volume of trade seemed to have had been quite a bit higher during the period of the correction rather than since the recovery - which seems to have been playing out more as a trickling back up (in terms of trade volume)... which tends to support the idea that those who are trying to push the BTC price down are not having a lot of success to get others to follow them in terms of dumping coins (since we know that when a lot of coins are dumped at once, that is not an organic play but instead a smaller number of actors).. so if they are trying to be profitable and somewhat sustainable, then they have to try to buy back the corn that they sold during their attempts to push the price down.. which may well end ups costing them more money than they would like to spend on such an attempt to get the BTC prices to go down and to stay down.

I calculate it as a 7.1% drop from the top to the bottom (that is $68,555/$73,794.. that maybe took 13-14 hours to play out....

.. yet a so far recovery our recovery 4 hours later is right around 4.15% which would be $71,400-ish/$68,555.  Yeah the numbers do not mean the same thing when measured on the way down versus on the way back up. and yeah maybe this recovery is going to be a fake out and we are going to have more droppening.. but still.. wake me up when we get some correction that is either deeper and/or more sustained.. maybe more than 12% would be interesting (or worthy of news) and maybe lasting for a day or so rather than a few hours... that might be helpful to any potential DOWNity thesis.


Of course, both of you are going to keep posting, so it is a moving target, so I am thinking May-ish.. but yeah, you never know... we could get a blow off top (meaning a period of temporary overexcuberance) that crosses above such threshold in April.. I have a hard time with it happening this month.. maybe giving it less than 22% odds for this month... but still nothing to sneeze at - up to 22% odds for this month.

People here are not going to know what you mean, unless you explain how you happen to be so supposedly smart in regards to the soundness (or lack thereof) of El Salvador's finances.

If you are making extraordinary claims then you need evidence (perhaps extra ordinary evidence), and more than just mere assertions of supposed logic that is based on your feelings about how the world supposedly works.

You sound really lost.

Are you sure that you are in the correct thread?

Yeah, your last sentence shows that you are not afraid to use the word bitcoin, yet other than your actual use of the word (twice), you are not showing yourself to have much of a clue in regards to what is bitcoin, beyond what a mainstream pundit or a bot would garner from reviewing various mainstream sources.  So yeah, maybe if you were to spend 50 hours or more studying bitcoin you might start to get a bit of a clue.. perhaps? perhaps?  Sometimes it takes a bit longer, especially if you are starting out with a lot of bad information and trying to present yourself as if you actually know something about bitcoin.


Those sound like dumb and/or short-sighted approaches to personal financial management, especially when bitcoin accumulation is in the mix.

Generally speaking, BTC accumulation is the first stage, so you should be accumulating until you have enough.  I suppose HODL is contained within that concept - but the more important thing is continuing to build by ongoing buying...

Once you have enough, then you have more options, and sure there might be a period in which you are neither buying nor selling, but you just have enough, and maybe that is a kind of HODL.. HODL until the time comes to start to sell some, whether it is selling as the price goes up or selling on a regular basis, and perhaps even buying on dips.. but without necessarily significantly depleting the value of your BTC holdings, even though at some point you will go from a point in which your BTC holdings are going up and the maybe some later point where they are flat and then even later when your BTC holdings might largely be going down because you are spending from them.

Surely the pattern does not have to play out the same for everyone, and so there could be folks who have ever increasing flows of fiat that they could spend from sources other than their bitcoin - yet at some point there does seem to be some logic in spending some of your BTC, especially if you may well recognize that you have overly accumulated it.


The ongoing persistent spot price volatility seems to cause a lot of confusion in regards to a wide-spread failure to recognize/appreciate bitcoin's value proposition.. and so many of us who have been studying the space for a while portray signs of dumbfoundness in regards to how so many normies don't seem to get it (literally and figuratively).


No more riding motorcycles into trees?  #askingforcontext

I hate to get caught up in any kind of argument that is devolving into semantics rather than meaningful attempts to assess differences in the kinds of risks that any of us might take in the way that we allocate value, whether we are choosing long term investing versus shorter term plays that might be trading and/or gambling (depending on how they might be played).

Just because everything can be assessed in terms of risk, that does not mean that everything is gambling, but yeah there are gradients, so that one persons assessment of probabilities of upside and/or downside may well end up being different, and one of the things that can come with investing and/or trading is a kind of lopsided investment that might ONLY measure the upside possibilities, and then that may well end up skewing behaviors into more risk taking than might otherwise be realized if a more thorough assessment had been made.

Don't get me wrong, I am not even against gambling, trading and/or taking some risks - even in terms of the employment of some investment strategies, yet some of the risk taking would likely be moderated by position size, if there had been some assessment that certain kinds of allocations might be on the risky side.

Maybe just to reiterate part of the reason this area of inquiry came up is within a context of comparing bitcoin and shitcoins, and so maybe some of us (including yours truly) becomes further triggered when there seems to be attempts to equate bitcoin and shitcoins, even though there are aspects of commonality between them, yet at the same time in this thread, over the years, we have had to express a lot less tolerance to bitcoin denigration that relates to shitcoin pumpening because such tolerances leads to just a ongoing slippery slope of never ending attempts to suggest which shitcoin might happen to be less shitty and potentially worthy of investment... which even if there might potentially be some good arguments, we are still devolving into off-topicness and opening too many cans of worms when even attempting to entertain those lines of reasons... so in that regards we are frequently better off with quips to "just say no" to shitcoins rather than potentially engaging in any arguments of subtle distinctions between shitcoins and bitcoin in the event that such at thing theoretically were to exist.




For sure one of the things that we know about the dollar is that (so far) it has tended to lose value at a fairly steady rate, so it is not as volatile, yet at the same time we know the trend is down based on the way the whole system is designed around it.

So yeah, you are right, investing in the dollar is not a gamble, since the rate of loss is pretty steadily known.. even though there might be some short periods of greater or lesser loss.

Of course, we should realize by now that bitcoin is the opposite of the dollar, even though it remains quite volatile based on both how new it is and also some of the battles around its adoption... but yeah, not everyone knows about the price direction of bitcoin that many of us have figured out and some of the ETF oriented folks are starting to catch on, even though some of them might not realize the value of holding your own keys, yet.. .. but at the same time, a large part of the whole underlying value of bitcoin is the ability to hold your own keys - and so more and more folks will learn about that with the passage of time, even though the ETF still do not have a clear and direct path to transition from their custodial holding of the BTC versus being able to "in kind" transfer over the BTC to any person who might want to convert from third-party custody and into self-custody.

That can be part of the problem and the dilemma of actually having money because there are so many folks that are not very responsible with their own money, and they have no reserves, and when we build up a bitcoin investment - not only do we end up having money in bitcoin, but then we need to maintain an emergency fund and reserves so that we will not have to dip into our BTC investment.. so it could be a bad thing to deplete your emergency fund based on something that might not exactly even be your own emergency, and then end up experiencing your own emergency prior to your being able to replenish your emergency fund... .. so yeah a lot of times it can feel as if th e emergency fund, reserves and float are just sitting around and not really doing anything.. but then all of a sudden when you need them, then they can surely end up coming in handy.

Maybe you are trying to do too much?

In the last few days, my number of pushups per day have been coming down and also the number that I do per set is coming down, and I still feel very sore, so I am just trying to adjust to a period in which my total number of push ups is going to be lower until I might start to feel more energy to do more pushups... I still have a daily average of 135 push-ups per day, so I do not feel that I am short-changing myself, even if my average also ends up coming down.

So other guys who might be doing 40 or 50 pushups per day, it would be difficult to consider that number to be too small, even though sometimes guys might have to split their pushups into more sets per day.. and I am not sure if it would be a good idea to have more than 5 sets in a day.. even though guys could differ in that kind of a judgment, so we can consider 3-5 sets per day as a reasonable goal... with my own continuing to be 5 sets per day, but I could see that if I might feel busy on some days I might want to do fewer sets and so even 3 sets in a day seems acceptable.. especially for any of us who are continuing to do the pushups daily even if our quantity might not be at exactly 100, we are doing an amount that feels reasonable and/or meaningful to our own situation.


If there is a goal to try to stay on track and to try to stick with the challenge, then I don't see any reason to completely skip push-up days, unless maybe you are injured.. but maybe just do 1 or 2 sets of push ups in the lower days.. just to push yourself in terms of continuing to make progress and building and to stay on schedule and in the spirit of the push-up challenge.  

For example, there have been several mornings that I had tried to do my first set of pushups somewhere between 8am and 10am.... and so I was considering doing my first set today at 9am.. but I felt sore and I did not really feel like doing them, so I waited until 11am and then I did my second set at 12 am.. .. so I am feeling a bit better now, but I am still keeping a little bit lower quantity of push ups.. and I will see how this goes over the next few days and to see maybe if I might start to feel that I can start to increase again, or maybe I will just stay at a lower quantity of pushups per day.

By the way, reading some posts in this thread. also inspires me to make sure to keep doing pushups every day.. it is almost like having a work out partner that makes you go to the gym instead of skipping that day in the event that you did not have a work out partner.

Those are some good points Winterfrost, including that the very earliest stages would be setting up a short term plan that is largely just focused on establishing a kind of initial stake, and perhaps getting other aspects of your financial life in order - since any kind of investing is likely going to cause us to have to be more disciplined with our personal finances, while at the same time if the asset class is very volatile (and even controversial) such as bitcoin, there is even more needs for making sure that your financial house is in order while in those initial stages of building.

So then at some point further down the road, there may well come various temptations regarding whether there might be some advantages to trying to sell some of your stash and to rebuy, and these kinds of temptations can come, even when guys should be clearly in their fairly early stages of building their BTC stash - yet since each guy enters bitcoin at a different point in his investment (or life) journey, he is likely going to be faced with the dilemmas at points that cannot be classified very clearly, yet I would still contend that if the guy does end up concluding that it would be good to shave off some BTC with hopes of buying back lower, that he is only leveraging with relatively small portions of his overall stash and that he stays focused on accumulation through ways of buying, even though there could be some situations in which selling some might be a good hedge (while balancing and realizing at the same time that he might not be able to buy back the sold BTC at a lower price).


There likely will be times in an investment that it might not be clear whether progress is being made - especially a guy might be continually buying, and maybe even over 6 months to a year or even more, it seems that the value of his investment is going down rather than up (as measured in dollars), so he could become disoriented and disenchanted by those kinds of dynamics - but at the same time, he might see that his BTC stash size is continuing to go up and maybe even his cost per BTC is continuing to go down, which should cause him satisfaction even during the seemingly tough times that might not even be clear if they will resolve - since we also know that there is no guarantee that bitcoin will recover from every crash, so we have to be prepared for those kinds of possibilities, even if we still assess bitcoin as amongst the best of investments (if not the best of investments).

Maybe if anyone likes the above formula, then i could give a specific example to attempt to flesh it out.  Let's say that a person has been investing into bitcoin for several years, so he has already built a BTC stash, and he would like to get to passive income of $3,000 per month, and so that would mean that the ONLY thing that he has to do for the income is just to keep track of the accounting.  No more need to do any work for that money, so any extra work would be optional because he has considered $3k per month to be enough.

That is $36k per year (12 x $3k) and if we multiply by 25 that would be $900k, and if we multiply that by 75% that would be $675k.  If we look at the 200-WMA right now, then coincidentally 21k BTC would meet those requirements.  You can see that here.  Depending on the BTC price, you could choose to just start to withdraw $5k worth of BTC per month, and the amount of BTC would vary between 4% currently and maybe even 10%, and I personally consider those numbers to be sustainable as long as we would be using the 200-WMA as our way of valuating our BTC, and if our withdrawal rates are low, the dollar value of our holdings (in terms of the 200WMA) will continue to go up, even though the amount of BTC would continue to go down from continuing to draw upon it.

Now the other thing is that if you do not currently have 21 BTC and you consider that you might never be able to get to 21 BTC, then you would merely have to project out into the future (and you can use my entry-level fuck you status chart for that - to see how the 200-WMA/Bottom is projected to move up), and so in one or two years, you would likely ONLY need around 10 BTC to achieve the same results.. and so far in bitcoin the amount of BTC that you need has continued to go down, so it is merely a matter of figuring out your target amount and your target timeline, to keep building towards being able to potentially get to a point where the paths of both quantity and time cross over.

There are no guarantees, but continuing to work in a certain direction allows for the possibilities of increasing your chances in which your timeline and your quantity of BTC will cross over to a high enough amount for your personal situation.


Investing and trading are not even close to being equal, and so trading and getting involved in shitcoins deserves to be bashed, especially since an overwhelming number of normies are going to be way the fuck better off to not get involved in trading, but focusing on building their BTC stash through various forms of buying, whether DCA, lump sum and/or buying on dips.

Anyone who wants to figure out some formulas to trade BTC and/or get involved in trading shitcoins, is going to need to spend a lot of time and potentially money in terms of diluting their ability to invest into bitcoin if they are trying to make money by buying and selling whether it is bitcoin or some shitcoins.

Another problem with trading bitcoin is that historically it has trended up, so there is already a formula in place in which you advantage by merely buying it, so why screw up a good thing by wanting more when there is already a good formula that already exists?   Most likely an overwhelming majority of folks are not going to be able to trade more profitably than just buying and holding bitcoin. and sure there could be some exceptions and people can do whatever they like - especially if they might have some special skills that most people do not have.

Look at your own situation @Iranus.  Have you been able to beat a fairly strict DCA strategy?  You have been involved in this forum since the beginning of 2016, and so if you had invested $100 per week into bitcoin since the beginning of 2016, you would have had invested nearly $42k, and you would have $15.1106 BTC (currently valued at nearly $1.1 million - which would be right around 26x profits).  Are you doing better than that?  And even if you are? Why do you need to do better than that?  

Historically many normal and not sophisticated people could have been just doing their normal job and/or or life activities and invest into bitcoin on a regular basis and gotten a 26x return over the past 8 years.... why fuck around with trading and more likely having worse results.  Go on @Iranus tell us if you have beaten those results with your own supposed equally good approach to bitcoin and/or shitcoins.

For sure, past results do not guarantee future results, yet bitcoin remains with a very strong investment thesis, and likely even a stronger investment thesis now versus what it was in 2016... so I see almost no reason or justification for an overwhelming majority of normal people to even come close to getting tempted by the lures of trading and/or getting involved in pump and dump bullshit that is also known as shitcoins.  


There is no need to diversify and trade.. especially for new investors. It can take a long time to build up an investment portfolio, so there is no need to complicate matters with distractions and dilution of value in terms of believing that there are any needs to diversify. 

In bitcoin, you can start out by only balancing out your cash levels and your BTC, and then maybe once your BTC and/or cash levels build to a certain large size of one or more years of your income, then at that point there may be some need to consider whether and the extent to diversify into things like equities, properties, commodities, bonds and/or cash equivalents (surely not referring to getting involved in shitcoins as a means to diversify).   

People will reach a threshold in which it makes sense to diversify at differing points of their own balancing if they might have too much value that they are holding in only BTC and cash and it might start to make sense to diversify, but we still need to be careful to not overly dilute our bitcoin investment, and for example someone might consider that they are going to take out some of their BTC investment in order to buy property (which is likely an inferior investment for a lot of reasons), and so sometimes it might not be worth it to diversify in certain assets if it is going to overly take too much capital away from such a great investment like bitcoin, yet people will sometimes get excited and/or mixed up in terms of what is an investment versus something that might be ONLY partially an investment but with a lot of other baggage such as depreciation, expenses and some burdens of the physicality that need to be balanced into the considerations.

You are making good progress.... so thanks for continuing to work on building it..

There is no time like the present.

Waiting is not a strategy to prepare for UP and also to build a long and enduring investment into bitcoin.. so in that regard it takes a long time to build a bitcoin investment, so if you want to work towards financial freedom through bitcoin, then get the fuck started... and tell us how you are building rather than how you are waiting for a better entry point that may well not come.

You should already know with a forum registration date from December 2017.. You have had  alot of opportunities to buy since your forum registration date.. and what have you been doing?  Just waiting for a better entry date?

I personally started buying bitcoin at the top of the 2013 price, and yeah it took me a few years to get into profits.  With your forum registration date,  you could have been in a similar situation as me and building your BTC holdings from the start, and probably you would have had been in profits by mid to late 2020.and in a great position right now.. even with an ongoing buying strategy and many times to get in..

If had invested $100 per week since December 2017, you would have had invested $32.8k, but you would have nearly 2.7 BTC... Surely not a bad place to be.

In our latest run up, we have hardly had any meaningful corrections since October 2023.. and largely maybe we can go all the way back to November 2022 and suggest that there have ONLY been a few corrections since then that were greater than 20%... do a lot of people who have been waiting to get into bitcoin since November 2022 and maybe even earlier than that, and the right thing would have probably been to just jump in and do what you can.. and build your bitcoin holdings... which likely could take a newbie 10 years or longer to build up a bitcoin holdings.. so surely it is better to get started than either to wait or to continue to whine about how it is supposedly too late for you while BTC prices continues to go up and you continue to remain a whining no coiner who fails/refuses to act and just continues to say it is too late, when that is truly not true... and it is still not too late, but I imagine that we will find you 5 years from now still whining that you haven't bought any coins yet..

I would suggest that how many BTC is not completely subjective  - even though it is based on the setting of subjective goals... So if someone might tell you what his goals are, then you would likely be able to determine a quantity of BTC that would likely satisfy the goal.

So for example, if a guy tells you that in 10 years, he would like to be able to have a monthly income of $5k without having to do any work - beyond just keeping track of his various accounts...   Then at that point you have some ideas of an approximate number of coins that the guy might need to work towards getting, and I would say that if he works towards getting close to 5 BTC for the middle of 2034, then that would likely be more than enough to meet his goals... and perhaps even 3-4 BTC might be enough... yet we cannot really know, so then he should work towards getting to 5 BTC within the next 10 years.. which may or may not be doable for all people, and if it is not doable.

Then if he changes his goal to the same kind of idea of cashflow, but with a back up target for 15 years, then I would suggest that by mid-2039, then he is likely ONLY going to need around 2.5 BTC by mid-2039 in order to reach that same objective of having a monthly income of right around $5k.. so then he has something that he believes that he might be able to reach, and if he speculates that inflation might eat away the targets, then surely maybe he could try to shoot for more BTC and to have some cushion in his goals, and so we can largely ONLY attempt to give some directional guidelines that might need to be adjusted with the passage of time...yet I would still suggest that aggressive accumulation of bitcoin should be part of the formula, and the details can be tweaked at various points along the way.


That sounds like a statement from someone who does not understand bitcoin and/or mixes up bitcoin with shitcoins as if they were the same thing when they are not.  Do you know what is bitcoin?

In other words, Bitcoin is not a shitcoin.

Let me put it like this.  There are quite a few reasonable, sober and prudent ways to invest into bitcoin without devolving into gambling, which relates to both position size and even how to employ the various means of accumulating bitcoin through mostly buying techniques, not selling to buy more or trading or using leverage or using other complicated financial instruments in the way to build your bitcoin stash, and such techniques would presumably be within the disposable/discretionary income of the person getting involved in bitcoin.

If you are using up too much of your disposable/discretionary income and/or you do not manage your money properly, such as your emergency fund and/or your reserves and your float, then you would be devolving your bitcoin into a gamble rather than an investment.. and the same thing has to do with selling BTC as a strategy to accumulate more BTC (aka trading), employing those kinds of strategies and the employment of leverage and financial instruments would also be gambling.. so there are a lot of ways to invest into bitcoin rather than gamble with bitcoin.. especially again, since many of us should likely realize (including you VOD) that bitcoin and shitcoins are not the same things, so it is quite dangerous to mix them up in terms of how your frame (and conceptualize matters) and the kinds of strategies that you put into practice.

$10 trillion seems to be part of the base case for this cycle.. .. and yeah it will make a lot of us excited, but it would be far from outrageous to make it to that level in this cycle.

So far the UP has been so gradual that it is seeming sustainable and not really crazy, so yeah we might have some down corrections along the way, but we seem to just have a steady push for UPpity that even seems justifiable based on the ongoing buying that we know is taking place through the BTC spot ETFs.. so yeah.. a problem seems to be that we might get too comfortable with ongoing up, and then finally at some point the correction ends up sticking.. yet I still have trouble envisioning any sticking correction prior to getting through noman's land.. and yeah, i still would not be surprise to end up being wrong.. but yeah grinding up to $82k does not seem to be out of the question.. but that surely does not seem to be a stopping point unless we go there too quickly.. or maybe if we go to $95k too quickly, then that kind of over exuberance might trigger some kind of a lower and longer correction period (kind of like the one that we experienced in early 2021 when we went from $20k to $42k and then we ended up having a week long correction back to lower $30ks and perhaps slightly in the upper $20ks prior to resuming UPpity.

I know that some people are concerned that this price run up is happening too soon which partially relates to the price rise happening prior to the halvening, so perhaps that is causing some people to either sell their BTC in this price range or to wait for a dip to buy more BTC, and there seems to be some errors in that kind of thinking, and most likely if we are able to continue to trickle up into the 80s and then trickle up into the 90s, then it will be much easier to break straight through $100k... yet on the other hand it seems that if we go up too soon.. without these little baby corrections along the way, then we could get caught in a larger and longer correction zone.. yet at the same time, the ETF buyers are going to have to start buying in order for a larger and longer correction to really hold up.. so I am having some problems seeing the longer and larger correction unless we get some blow off momentum.. and even going straight to $80k in a day or two probably would not be enough.. even though probably going into the mid-$90s within a week or two might end up being too much too quick.. just thoughts off-the-cuff.

Remember in 2017 when we skipped $13k, so then there was a question whether we would ever revisit $13k (which we did), so now we have skipped $70k , and we were very close to skipping $72k.. but we ended up falling in the top part of $72k.. so maybe there is a question regarding whether we will ever fill in a number for $70k or not.

don't mean to jinx the question, but there is going to be some day in which we will end up skipping over several thousand and never revisiting that price area again.. and I think that we are getting into prime territory to be able to skip over several thousand of price slots.

Yet, none of us can really know how it is going to play out.. even if we have some ideas (and theories).

I think that if you are able to put your finances in a comfortable place, then you likely do not need as much discipline regarding the psychology, and the psychology will follow from having your finances in good order, and also psychology follows when you have built up a good sized BTC stash and you are in profits.. but until you get to that point, your building of your financial systems should be helpful in terms of giving you peace of mind that strengthens your psychology.. since you will more likely have systems in place in which you are prepared for the BTC price to go up or to go down or to go sideways.

Yeah.. how many of us maintain a glass breaking hammer in our car so that we can escape in an emergency like that?  

They say, even with mechanical doors, you cannot open them with all of the pressure from the water.. I suppose by the time that you are completely submerged and then you can hold your breath long enough, then the water will equalize in such a way to be the same pressure inside and outside the car.  Then you can just leisurely open the door and then swim to safety... Drowning in a car surely seems like a grueling way to leave this world.

It seems to me that some of the members are handling their extra funds in the right kinds of ways, but sometimes we are mixing up the categories and then maybe arguing semantics (which are just the meanings of different words), yet some other times, members seem to have no sense in regards to how much of a cash cushion that they might need to have if they start spending from their extra cash, and if they end up experiencing some kind of emergency, then they end up in more trouble because they end up having to treat their bitcoin as an emergency fund, which surely should be what anyone investing should be trying to avoid.

If we build up our investment in bitcoin, then we have more of a responsibility to have organized finances (and psychology too) that will prevent us from ever having to cash into our bitcoin unless it was on conditions that we had already established for ourselves, and if we are a new investor, it is more likely that we would be waiting many years.. maybe even 4-10 years or longer, just to build up our BTC funds before we might start to consider strategies that might involve selling some of our BTC.

So, yeah there are different kinds of classifications of funds, but then there are also differing ways that we might be triggered to buy bitcoin, whether it is a regular DCA, or buying on dip or lump sum... .. and lump sum and buying on the dip are not necessarily the same thing... I don't even necessarily recommend that newer BTC accumulators hold back large amounts to buy on dips, but instead maybe they have some money that is set aside for various price points, such as if you have $2k in reserves then maybe you would have $100 for every $1,500 that the BTC price drops which would be 20 BTC buy orders all the way down to $38k or something like that... .. so yeah you don''t know that if the BTC price is going to dip but you have some money available to buy at various stages if it were to dip... .. but then maybe it does not make any sense to hold back that much money for buying on dips, especially for a relatively new bitcoin investor..

So let's say that a guy had already been buying $100 per week of BTC pretty regularly for more than a year (since the beginning of 2023) and he had invested $6,300 and accumulated right around 0.21 BTC so far, and he is not in a bad place right now, but he still feels like he has not accumulated enough BTC, so he continues to buy $100 per week of BTC, and that pretty much is a high  portion of his extra income.

Yet, for some reason.. out of the blue, he receives a payment of $2,400 extra that he was not expecting, and so maybe other parts of his financial life is already sufficiently in order, he has around 4 months of an emergency fund and he has some reserves already in place for buying on dips, so then he has to decide what is he going to do with that extra $2,400 that is in his budget?  He could decide to front load invest 66% of it (around $1,584) into bitcoin, and then add the other 33% ($816) towards buying on dips and/or DCA..... or maybe he just decides to divide it up 50%/50%.. or maybe he decides to just put 1/3 in each of the categories since he is not as convinced that the BTC price is going to go up from here.. so sometimes those decisions are made partially based on which way a guy thinks the BTC price is more likely to go and/or if he feels that he already is sufficiently prepared for buying on dips or if he believes that he is lacking in one area or another.. he has to weigh what the impact of his decision on the remainder of his balances.. which surely we would think he wants to be somewhat aggressive in his bitcoin accumulation without overdoing it.. yet at the same time, there is no perfectly correct answer about what he should do and align the balances of his funds.  

Lump summing right away would be front-loading the investment, and saving it without investing (and maybe preparing for a dip) would be lump summing on dips, but again, I personally tend to think that it is better to spread out your buying on dip purchases, but if you are more bearish than me then maybe you spread those buy orders to lower amounts and hope that you are not left holding a bunch of fiat that you could have had otherwise bought bitcoin with.. again, there is no perfect answer.

@Obim34 explained the difference between emergency funds and reserve funds well.. yet I would just add that reserve funds could be designated for buying BTC on dips too... so there could be general reserve funds that are not exactly specified for what they will be spent, even though there could be a variety of possibilities, including going on a date or out to dinner or some kind of extra expense that may or may not come about, or there could be specifically designated kinds of reserve funds, and yeah, sometimes people will keep certain categories of their reserve funds in separate accounts so that they the do not mix them up or that they do not accidentally spend into them.. which may or may not be necessary since you could merely classify funds within one account, but sometimes any of us can end up being forgetful and make mistakes if we don't force ourselves to actually separate some of our funds.... which, for example, might even include presetting some BTC buy orders on exchanges with some of your funds so that if the BTC price drops to such levels in which your buy orders are preset, then those funds will be used for buying BTC on the dip.. but you could end up cancelling those orders at any time before they fill if you change your mind or you want to redesignate those funds for something else.

I started about two days before this thread started, and the topic was already being discussed at various places around the forum for several days and maybe even a week before I started, and then this thread came a couple days later (after I had already started).


I have always had some kind of exercise in my life, but I think that in the last 5-6 years I had been doing a lot of walking-kinds of activities, and maybe only the past 9 months, I started lifting weights and stretching more, instead of walking so much.. so when the pushup challenge came, I had not been doing pushups or any other kind of body resistant exercise, but I thought that it was a good idea to try it out.. even though I was really not that excited about pushups until I started to really think about it more seriously.. then I began to warm up to the idea... so yeah I was not able to do 100 push ups in my first several days, and I had not been doing pushups for many years..  maybe close to 20 years. I cannot even remember the last time I was really doing body weight type exercises. even though I have had some other kinds of exercises that were more cardio in nature, even though I did have periods of time around 2017, 2018, 2019 of going to the gym to lift weights and swimming too.


Of course, go at your own pace... Since I started a system, I will probably continue to do pushups even if BTC reaches $100k soon.  I am not sure how long.  I will have to consider the matter once we get there... could be right around the corner, or it could take a bit longer to get there..I am thinking that $100k could be in less than a few months... perhaps even prior to the halvening.. but who knows?

I am not trying to coax out of you how many BTC that you have, but I am working with your discussion points.. so if you have been able to outperform DCAing and various kinds of BTC accumulation strategies by your trading and sometimes selling BTC to try to get more, then the more power to you... I suppose that I am just suggesting that the emphasis should be on BTC accumulation and buying until you reach whatever your accumulation (or over accumulation) goal is, and then you have more liberties to start shaving off BTC.. but you seems to have been so busy selling and then saying that you don't have enough BTC..

If you have enough BTC then there would not be any problem selling.. .. but the problem is selling BTC when you don't have enough.. and the specific amount of what "is enough" is up to you, not anything anyone else imposes on you.