From my point of view, there is no real disadvantage in terms of attempting to either strategize in some sense or to employ some hybrid variation of DCA - so long at the hybrid does not end up taking away a lot of the value of the kind of blind investing approach that DCA allows.  So I suppose in the end, I am not disagreeing with your overall premise odolvlobo, that some value comes from a pure investing at set intervals without giving much thought to it.

I also consider that there is value in any approach that allows individuals to tailor to their own financial and psychological circumstances.

When I first got into BTC in late 2013, I felt a wee bit of urgency to get in and to get some kind of stake in BTC, but I did divide my first six month allowance into 26, so I had an allowance for each of the first 26 weeks, and within each of the weeks I attempted to buy during dips during that week.  I doubt that my playing around with such buy timing made very much of a difference, but it did make me feel better.

You could also try the same thing on a monthly basis, and if the whole month ends up going down, then you would end up advantaging by waiting... but are the odds for down much greater than the odds for up or sideways?  Very hard to know, even when looking at all kinds of short term technical analysis variables.  Speaking of technical analysis, you could look at moving averages and if the BTC price is below certain moving averages such as below the 200 day moving average or below the 52 or 100 week moving average, then you could determine that the price is in a historically low place.. and you buy higher amounts during those times and when the price is above a lot of the indicators such as those same moving averages, then you might consider reducing your dca amounts.. and perhaps continuing DCA'ing no matter what, just adjusting the amounts. Lots of ways that could potentially make some small differences.

For sure one of the best advantages of DCA is that it gives a mechanism for folks who want to spend close to zero time attempting to figure out if the BTC price is low or high or whatever, and like you said, if they believe that the fundamentals of BTC are strong enough that in the long term the BTC price is going to be higher (or go up over time even though lots of dips in the short term), then DCA is really made for those kinds of people. 

DCA is also really built for people who do not even have any kind of lump sum that is available , and there are a lot of people like that.  So one of the most powerful ways to get into an investment for the vast majority of normies including the poorest of normies who fail and refuse to save money or invest and/or live paycheck to paycheck is to DCA.. One of the problems with normies that do not save or invest is they become tempted to dip into their investment so they do have to learn how to both let their investment ride and not be investing money that they are going to be needing in the short term.  So for example, if some normie is making $1,500 per month and barely scraping by on $1,200 of that so they only have $300 per month extra. It likely would be better for that person to figure out some fraction.. such as $100 or $150 per month that they could put into bitcoin and just to have the other fraction of $150 to $200 in savings or whatever so that they do not have to dip into their bitcoin until 10 years or longer down the road once it has had a chance to really build.. and even then there might be some reservations to really dipping into BTC if there are ways to diversify the bitcoin in such a way that it can continue to build, even after 10 years and you are spending from other sources, or maybe just small portions.. one of the real powers of compounding does come when the value reaches real high proportions, too... so sometimes it can be good to have other sources of supporting living expenses and ONLY start to consume from the BTC once it has reached a kind of self-sustainable level..l which can be quite difficult to do in terms of exercising delayed gratifications.. and not even saying to delay gratifications forever because at some point it does become prudent to start spending some or all of the built up investment (presuming that we are not all going to live forever or necessarily wanting to hand down a lot of our BTC to someone else.. even though values will differ in that regard too).   

Well one is in the senate,

and

the other is in the house of representatives.

The house has 435 members.

So  they appear to have 2 out of 535 (if you add up all the members).

Better than zero, no?


For example: what are you seeing?

Our posts speak for themselves, so I see no real need to go back and to revisit them; however, seems to me that you were convoluting the ideas overall and convoluting the point that I was originally trying to make, which I already explained that I had used 5 years to refer to how much time you could have been investing into BTC based on your forum date.  Of course, there would be some speculation from me contained therein in regards to how much you may have gotten involved in BTC.. so sure, I realize that aspect might have been unfair to presume that you could just come into bitcoin and start investing right away .. both in terms of having capital available to invest and/.or having had gotten your mind around the bullish bitcoin thesis.. so I can give you a bit of a break on that, even though some of your seeming flip flopping did irritate me a bit.

Furthermore, I did get the sense that you were purposefully suggesting that I was bringing up the 5 years because of myself, when I had already clearly stated that I had brought up 5 years based on your forum registration date.. and I had also already described my own timeframe for being in bitcoin as 7.5 years-ish.

Whether you care about me or not might be another matter all together, but sometimes in our post history already, each of us have been using our own experiences in order to attempt to bounce off ideas about what we might believe to be reasonable/feasible.. whether our own experiences might be representative of what others could do or should do might be another question, but still remains a kind of ability to show an experiential point and to maybe contrast that with data, such as the data that I got from the DCABTC website.


Ok.  fair enough.  There surely can be personal transitory periods or even solid periods that would justify having a different justification regarding starting points, so yeah, I admit that I might have been being a bit too hard on you to be accusing you of wiffle-waffling in regards to your investing into bitcoin starting date.    This is about as close as you get from me to an apology, so there is that, too.. hahahaha


I hardly have any regrets about anything that I did.  Sure, I made some mistakes along the way, but I cannot really find any major faults with my overall strategies.  Sure, we can always second guess amounts invested at various times, but surely, if I am proclaiming that I had a certain budget for bitcoin, and I was investing in accordance with my budget, that still is not really saying anything in regards to my other details including the details of the various individual/personal matters that I was considering to come to my various conclusions regarding how to approach my BTC investment and how much to allocate at what time frames and then just the overall strategy to attempt to be prepared for both UP and DOWN (and sideways) without really having too many clues about where the BTC price was going to go with any kind of precision... And, one aspect of being prepared for UP is to have stake in the game.  

Through 2014, while the BTC price was pretty much going down from $1,163 to ultimately reach a kind of consolidation price range that gravitated around $250, I had already appreciated that when I started buying into BTC that I had 100% of my various investments that were dollar denominated in one way or another.  
My initial intention was to attempt to get some value in assets (bitcoin as a gold substitute) that I speculated to NOT be correlated with the dollar.  Initially, I just authorized myself with a lumpsum amount that I could invest into bitcoin over the next 6 months between late 2013 and May of 2014....  By the time that I had been investing in BTC for most of 2014, it was at that time that I established an overall target BTC allocation amount that I wanted to have as 10% in BTC and 90% remaining in my various other traditional asset investments.

I had never really considered myself as a trader, so I am not sure if I had ever given any kind of flying fuck about what traders might think about the system that I had established for myself - even though starting in about mid-to-late 2015, I had planned and began to carry out some trading strategies that were meant to both take advantage of what seemed to be almost inevitable volatility in BTC prices, but also to attempt to protect myself, somewhat, from some of the more extreme BTC downward price moves, so long as BTC prices were to not ultimately go to zero.  Going to zero was a kind of scenario that I had not really protected myself from except for just investing an amount that I had considered to be acceptable to lose in the even that BTC had actually gone to zero.

In any event my trading techniques in bitcoin are largely coming quite a bit after having had not only reached my BTC accumulation target - but ending up overinvesting in BTC in terms of having had reached something in the ballpark of 13.5% rather than merely limiting to the 10% target that I had already established for myself.

So, you should have gotten from me by now, that I don't consider myself a trader and so I believe that reaching accumulation goals is largely engaging in various BTC accumulation strategies that are attempting to incorporate the three approaches of lump sum buying, dca and buying on dips.  Of course, once BTC accumulation goals are reached then there will be more flexibility in terms of other toold that might be employed.. and so frequently on the forum we are talking with people who have not even come close to reaching their accumulation goals.. so that tends to be why so much attention ends ups getting paid to the various accumulation strategies rather than getting caught up in some other strategies (such as trading) that likely have more to do with maintenance and later down the road practices that should not necessarily be part of the accumulation stage.

Yes the fucktwat traders are likely going to be suggesting differing accumulation tactics than me, but I am sticking to my guns that lump summing, DCA and buying on dips are what need to be employed first.., and don't be fucking around with trading until later.. after establishing a decent stash and surely when to start with trading or how to use trading is going to vary quite a bit from individual to individual.. and this thread is not really about that topic, right?  



Fair enough that there are going to be differing views in regards to BTC accumulation or even maintenance of the stash strategies including even the employment of a strategy such as "buy the dip and HODL."    I personally believe that systems should mostly already be set into place in accordance with a person's situation including whether they are in early accumulation phase or a later accumulation phase or a maintenance phase or somewhere else.  Sure I believe that DCA has to be incorporated into a "buy the dip and HODL" strategy, and surely the aggressiveness of DCA or even including lumpsumming will also depend upon where peeps consider themselves to be, and of course, some changed personal circumstances can change both where they believe themselves to be and/or the strategy that they might employ.  For example, if a person receives a surprise inheritance of $12k that is able to be completely dedicated to BTC buying, then that person's cashflow situation has temporarily changed because of this new money that just came in. Furthermore, if a person gets into a car accident or suddenly has found out about a life-threatening or even terminal condition, the person might move him/herself out of the accumulation phase and into either a maintenance or even a liquidation phase.  Similar kinds of changes can come to institutions - and I am not even saying that there should not already be money set aside for various kinds of sudden changes in conditions such as emergencies and even sudden unexpected cashflows might already have some contingent assigned priorities. that might need to be revisited once the surprise event changes from hypothetical to actual.


Each of us are not going to come to the same conclusions regarding how to read the UPs and DOWNs of the market, whether we are considering historical UPs and DOWNs or the current correction (or perhaps bear market) that we are in.

Sometimes overly preparing for one price direction can end up in decently large mistakes, and surely I have seen a lot of instances where so many peeps are failing/refusing to adequately prepare for UP.. They let the various FUD prepare them for DOWN way more than what would be financially beneficial to them in the long run.  

At the same time, I am ONLY going to go so far in terms of getting into any particular persons financial and psychological preparations, because even if we talk about various tools that you can attempt to employ to prepare yourself for either price direction, people ultimately have to decide for themselves, and part of my reason for continuing to bring UP the DCABTC data is to show a kind of mean performance that could have been achieved for anyone who just continuously buys and don't be fucking around with too many attempts to time the market (except maybe with small parts of your overall funds - just for funzies).. .. and so yeah, 13.5x in 5 years, is surely nothing to sneeze at, and I am not even going to concede that DCA is inferior merely because you might have been able to outperform such DCA strategy.  

By the way, I also won't criticize you very much either if you are somewhere in the ballpark of the historical DCA performance for the timeline, even if you have underperformed.  Actual under performance can provide a variety of teaching/learning tools for those who are ready, willing and able to learn, and I still will proclaim if you are seriously underperforming the DCA strategy in substantial ways (up to you to personally determine what is "substantial") then you are likely either doing something wrong and you likely have some things that you can learn from the DCA performance charts in terms of not fucking trying to play around with timing the market when in the end you are likely going to be doing better with simple, blind, consistent and persistent DCAing... and don't be turning that shit on and off.. just keep it on. and yeah, if you have some cashflow issues, you might have to adjust the amounts higher or lower, but there should be overall attempts to just keep it going in order to see the longer term benefits from it - whether we are talking about 5 years down the road, 7.5 years down the road, 15 years down the road or some other timeline target that in BTC investing seems to be higher and better with more passage of time.


Usually it is better to just keep your DCA going no matter what, and when you start to fuck around with it, you tend to get things wrong.. so that is why I believe in the incorporation of the three categorizations of the approach that include lump summing and buying on dips.  The longer your timeline, such as 10 years or longer, it might not matter if you bought at the top, middle or bottom... Sure, you would have had more BTC, but you still might be quite a bit ahead by just persisting and continuing with buying rather than trying to figure out if we are at a top or not or if the bottom is low enough or not blah blah blah.  Not going to matter too much if you bought at $1k, $600 or $250 in 2014/2015.. when the BTC price is $38.5k today, no?  Yeah, you can second guess it blah blah blah.. but it could well be if you had set your DCA in 2013 and started buying at the $1,163 top, you still could have gotten down to an average BTC price of $400 to $600 throughout the period of the next few years, and maybe you end up acquiring around 30 BTC (with your $15k).. and yeah you can think of all kinds of scenarios that you could have gotten lower prices with that $15k and got more than 30BTC.. but you did not really know which way the BTC price was going to go, either, so way better to have had gotten the 30BTC rather than not investing because of fear.. which is what happened to a whole hell of a lot of people in 2014, 2015 and 2016.. I remember a lot of those scared and whimpy fucks because I was participating in the forum with them around that time.  Sure some of them have come around, but still some of them have way less BTC than they’ve  could have had by merely regularly, somewhat blindly, consistently and persistently following DCA strategies during that period.. and even continuing such strategy until today would be O.k.. even with a person with a relatively small budget.


Look at $30 per week over the past 7 years.  Still would have gotten you around 12.38 BTC, and around a 40.75x price appreciation for that time period.  I find it really hard to argue with those kinds of results, even if many people want to do so.  

I actually recall some diptwat shilling some shitcoin during the 2017 BTC price rise, and I pretty much was sticking with my BTC strategy, and he was proclaiming that there are various shitcoins that you could get in order to outperform BTC grandpa coin.. blah blah blah.  Through that period I would make various proclamations such as I am around 3x in profits around $2k, and then I am around 14x profits at $10k, and then I am around 28x profits at $20k.  Part of his point is that I should be making more profits in a shorter period of time, so seems a bit crazy to me to take a lot of downside risk in terms of expecting more profits instead of attempting to have some contentment with the profits that were already being delivered... so in my thinking more profits is not necessarily a central aim when my BTC portfolio is already way overperforming, even my own expectations of 6% per year, and maybe by late 2017 I should be expecting 30% to 50% profits overall, but my BTC holds reached 28x and then crashed back down to around 4x, but still I am not complaining at all because I invested no more than I can afford to lose, and sure as we speak right now, there might be an assertion that my investment into BTC should have doubled by now over 7.5 years, and instead of doubling the overall performance at $38,500 remains around 55x in profits.. and even if I were to find that my cost per BTC should be around $1k (easier to calculate) rather than $700, I still would have 38.5x in profits.. We going to complain about that and say that the profits should be more because we could have timed some of our purchases a wee bit MOAR better?  I think that is ridiculous.  How many folks are able to beat 38.5x profits on a 7.5 year timeline?

And dinosaur ants without long necks, too.

 

I started buying into BTC in late 2013, and that was at the top of a price run of about 100x for that whole year (of course in two subcycle - blow-off tops through the year).  So when I came into bitcoin I had already been able to review recent considerable price rises and attempted to invest with that knowledge in mind.

So sure there might be some attempts to time the market, but I have never really considered attempts to time the market to adequately prepare for either BTC prices going up or down, so in order to be prepared for UP, there is a need to have some stake in the game.

I don't have any regrets about what I did even though my BTC portfolio was largely negative or flat for a couple of years before it started to more clearly get into profits and even stay in profits starting late 2016 and thereafter.  

So largely I started out with a kind of front loading DCA for my first 6 months, and largely continued DCA, but also developed a strategy that involved three components.  Lumpsum investing, DCA and buying on dips.  

You can take both the funds that you have in front of you, your regular cashflow and even any kinds of surprise funds that come in and allocate those funds to the three categories.   If you do not know what the fuck you are doing, then you would start out with some kind of defaults of putting 1/3 in each of the categories.

Let's say for example, you have $1k per month or maybe better $250 per week that you can invest into bitcoin but also once or twice a year you receive lump sum payments that add up to about $6k per year.

if you have $6k from the start, you could divide that $6k into those three categories and allocate $2k to each of the three categories.  1) Lump sum (buying right away), 2) DCA set up for $100 per week for 20 weeks or $200 per week for 10 weeks or whatever variation is comfortable to you and 3) buying on dips - figure out how much you want to set - Perhaps $200 for every $1k drop in price (which would allow the setting of 20 buy orders) or $100 for every $500 drop in price which would allow for the setting of 40 buy orders or whatever increments and amounts that are comfortable for you.

By categorizing your cash and anticipated cashflow into those three categories, you can tailor to your own situation.. which will be comfortable for you in terms of how much to stress on each area and how much to add to each area if more money ends up coming in that you can allocate to your bitcoin investing.

After you build a bit of a BTC portfolio and you practice for a while, you will come up with variations of the system that work for you and allow you to have some assurance that you are investing amounts that are comfortable for you and you have some psychological assurances in terms of having cash available and I have always valued having goals of never running out of fiat to be able to buy on dips including severe dips that go beyond expectations... which sometimes happen.. and are more stressful if you have no plan for what to do for when they do end up happening..

By the way, with $250 per week that is incorporated into my above hypothetical, you can divide that into the three categories as well.  You do not have to allocate all of your new cashflow into DCA or buying right away.  So if you start with the default of dividing by 3 then you would end up putting $83 into each category, but you can also play around with both how much you put into each category and even where you place it within the category... and surely, it seems like too much work to dick around with dividing $83 up, then you could wait and set those up monthly or whatever works for you.. Sure, the various automated DCA systems do allow you to set it and forget it, so then maybe you only are left with figuring out if you might need to (or want to) lump sum invest any of your cashflow or if you want to set up some buying on dip orders.

I personally do not like to use automated DCA systems because I would rather manually buy BTC at times that are of my choosing, even though I do appreciate that automated DCA systems can really work with some people who prefer to create way less work (and ongoing BTC interactions) for themselves and that way they will not forget to execute the buy order, too.

We are not talking about shitcoins here.  This thread is about bitcoin.

Otherwise point taken in terms of buying on dip and having a certain level of confidence are already study in your asset (here bitcoin) in order to have some ideas about how much dip is enough to trigger an order.

My system does not attempt to maximize bottom, I buy all the way down, and as long as I do not run out of money, I will usually have some BTC buys in the neighborhood of what ends up being the bottom.. but just like our current BTC price dip, we cannot know whether $30,066 is the bottom or not. 

Accordingly, it could be good to already have made some buys in the $30ks and that is a 40% to 50% dip from the $64,895 top.. and even if you had ended up buying at various points in the $40ks that would have been a 25% to 40% dip from the top... and of course buying between $50k and $58k would have been less of a dip of between 11% and 25% from the top. 

Of course, any time that there is a dip in the BTC price, if such BTC price keeps dipping, then it would be good to be able to buy some more upon such further dips if they were to occur, but we cannot be sure if there are going to be any more dips... so that is part of the dilemma that any people (who are trying to minimize accumulation costs) feel regarding when to buy and how much.

There seem to be some problems with your wish to admire, fillippone.... because it seems to me that part of the most likely reason that Tesla (or was it Elon) came out with a statement to clarify that Tesla had not sold any of its bitcoin is because Elon's statements and company conduct in buying bitcoin are running upon the boundaries of regulated versus unregulated - especially when you have a public company asserting that they had bought a largely unregulated product... but then the performance of that unregulated (bitcoin) could surely have pretty direct and obvious effects upon the share prices of that company.. not exactly clearly out of regulated space  - no matter how ambiguous it may seem to some of us trying to understand the situation from the outside.

There surely is a lot of ambiguity here in terms of overlap, and many of us recognize that Government agencies will attempt to apply jurisdiction when they believe that they can (get away with it), but at the same time, there has been publicity already that SEC has already been in a few battles with Elon, so who the hell knows what kinds of discussions that he or his legal reps or his company reps might be having behind the scenes in terms of figuring out if the SEC might be considering going after Elon or the company for statements that seemed to have a lot of effects on several markets.. and not just doge coin - including the fact that those various all over the place statements had been getting so much publicity - which also could end up in more behind the scenes discussions regarding whether the SEC believes that Elon might be getting close to crossing some lines (in the sand).

Never saw one with a long neck... but hey, I don't claim to be the worldly anyhow.. especially when it comes to studying either ants or dinosaurs.


An ant expert, go figure.



Hey, I thought that we were looking for long necks in those weeee widdle ants (or at least far reaching necks that would make an outside observer go: "WOW!!!!!")?  Wasn't that the point, or am I missing something?

From $34k to $38k in a few days equals something approximating an ant's neck.

For example, something from $34k to $68k-ish in a few days would be coming a wee bit MOAR closer to the dinosaur neck concept.

Have you ever seen a dinosaur ant? 

#meneither

I hate to be someone who just wants to tolerate anything - even a 53% correction during a bull market, but jeez AlcoHoDL, I am having trouble considering negativities in our current BTC price situation.  It's like we are in a kind of BTC price consolidation area that everyone would wish for, but they had not known that they had been wishing for this.

Think about it.  There are so many damned peeps who had been wishing for consolidation while bitcoin prices were less than 15% from the top of the price range... How the fuck is that going to happen?  Just seems to be pie in the sky to be wishing for BTC price consolidation way the fuck at the top of the price range.  Sure anything can happen, but don't many of us realize (and recognize) by now that we should not be wishing and hoping for fantasylandia scenarios that are NOT likely to happen because in the end, we are just wishing for our own disappointment to have created such high expectations.

Think about another angle.  Historically there are quite a few instances in which during a bitcoin bull market, bitcoin prices had corrected to somewhere between 20% and 40% and then got stuck consolidating at some lesser point, but still within striking range of such bottom correction point.  For some reason, there were a lot of folks interpreting these historical facts in such a way to assert that bitcoin does not correct more than 30% in a bull market and that 30% would be an extreme and likely merely a spike blah blah blah..... almost pure nonsense, just like the supercycle assertions that might have some truths within them, but still in the end, to prematurely proclaim bitcoin has graduated from volatility should seem quite nutso, even though some folks are still making such proclamations in spite of facts and even suggesting that this may be the last time ever that we have 50% corrections during a bull market blah blah blah.

In some sense, the bitcoin space deserves this level of punishment and even more for being such presumptuous twats - and yeah, I even hate to tie shitcoins into this, but there continue to be a lot of them that seem to continue to have a lot of pep in their step - especially when measuring dollar performance.. but even some of them in terms of their shitcoin/BTC pair.. so what can be done?  I just don't know.  There seems to be some forces that might want to punish all of us for such levels of dumb, and surely I am not even going to suggest that I know where the matter might be going in the short to medium term, and whether it takes 10 years, 20 years, 150 years or some other variant for the vast majority of value to gravitate into bitcoin, we are never going to completely get rid of the various kinds of dumb that is all over the place in the various snake oil products - and sure maybe there might even be some actually decent ones too. so not even saying that everyone is dumb because there are surely a lot of sophisticated products in the shitcoin space, so even though they might be designed to remove dumber folks from their money, they cannot be dismissed as NOT being innovative and creative in those various regards, including so many folks love the gamification of having their value removed from them - and surely some people are getting rich off of such variety of real world offerings.

In the whole scheme of things, I am just having troubles concluding that bitcoin is not continuing to be in a pretty damned decent place, given the various chaoses in the world and what is having to be dealt with.  Whether 53% is the bottom of this correction or not, I hardly even have a clue beyond 50/50.. and surely I would feel a wee bit more distanced from such bottom target once we get to $46k and even better if we get above $50k which could take 12 hours to accomplish, more than 12 months or some variant in between.. who knows?  I have some inclinations towards UPpity.. but I like to attempt to accept some of the realities of forces that could really get us to another bottom and a lower bottom, but I just remain lacking in knowledge in terms of whether they are ready, willing and able to actually spend such resources to accomplish their objective of getting a new bottom that might NOT be much more than transitory, anyhow, and it may well cost them way more to achieve that than the benefits that they would receive from such accomplishment if they were to achieve it.


hahahaha

There are some posters here who have actually claimed that they are had engaged in a kind of Freudian slip in their use of "crypto" and they just cannot help using "crypto" in their reference to bitcoin because it is "used so much in mainstream" blah blah blah...

That's about as ridiculous as you can get.  It's like saying: "I refuse to think for myself because no one else is doing it."  hahahahaha  what kind of world would we have if people actually could not figure out how to attempt to improve their understanding or presentation of ideas.  Of course, we do not need to agree.. on a variety of matters, and even sometimes our perspectives will change too...    but hopefully, we are going to be able to use specific words instead of just saying.. "have you heard of this new thing?"  "It's called blockchain."  Its really innovative... blah blah blah.. .hardly means shit, if you cannot distinguish bitcoin and you just lump it in there and no one knows what the fuck you are talking about when you refer to blockchain blah blah blah.. but all of a sudden we are supposed to understand what you are talking about when you say "crypto" just because you have seen it used so much out there in the supposed "real" world?


Been a strange year (year and a half, but who's counting?), for sure.



NOT!!!

#nohomo



Nice to have a variety of perspectives, including peeps currently working on other projects... so yeah, sometimes other projects will take priority.


May or may not happen... you already know that.. but whatever.  


True.

bitcoin fixes every lil thing-a-li.^tm...  .. even caused me have joy in cleaning up my runny doggie's poop in dee house.. that little fuck.....  sure she (dee doggie) was trying to communicate with me, just prior to dee "accident".. but I was too much engaged in importance in typing my bitcoin-related post to understand what she was saying, exactly.

hahahaha, you are fucktwat lucky enough.

I will concede, however, that is a funny point about some bitcoiners holding onto their bitcoin forever and ever, and sure, that does seem a wee bit retarded.. I will admit that.

It also seems a wee bit retarded that a nocoiner, like your dumbass lil selfie, could actually know about bitcoin and study it but still admit to being 100% nocoiner.. what a fucking tool.. if we can even believe your supposed baloney position.... Anywhoo, a nocoiner who knows about bitcoin seems way more retarded than the coiner who refuses to spend any bitcoin.. for a variety of reasons.

I do believe that there are some coiners who proclaim that they are "never" going to spend any of their bitcoin, but they are likely pretty goddamned young to have that kind of a nonsense perspective... and surely if they already have a lot of non-bitcoin resources they can surely take that position and not even suffer, and gosh, I doubt even Michael Saylor really believes that when it comes to actually attempting to apply the matter of spending bitcoin in the real world including circumstances in which bitcoins might be the ONLY thing that is left for some people who may have ended up spending most of their other assets/currencies and even good will (such as credit).... I have already provided some pretty damned compelling scenarios (if I do say so myself) in which spending some bitcoin and shaving off some bitcoin seems to be the way more practical and prudent way forward... so yeah, it does seem to be a bit of an extreme to identify some bitcoiner extremists and maximalists who are going to die while gripping their bitcoins as a wee bit of an exaggeration... even though we do hear some spouting off such seemingly pie in the sky nonsense.

Don't get me wrong.  I surely agree with concepts of Metcalfe's law, and I am hardly even considering that we are going to get to a world in which bitcoin is the ONLY currency/asset or thing of value.. that is just not even theoretically feasible, yet  I do believe and understand that if any of us have a variety of options of what to spend, likely bitcoin is going to be pretty damned close to the lowest on that list (especially if we have other options), so sure we are going to be spending several of our inferior assets and currencies first, yet it makes little to no sense to give up some material goods just to refuse to spend a bitcoin (or a satoshi for that matter).


Any nocoiner who knows about bitcoin in the present is way more than that guy.  So you, lucky, don't know what the fuck you are talking about.

The person who chose to be a no coiner in 2011 gets a way BIGGER pass than the person who knows about bitcoin (expresses opinions about bitcoin) and chooses to be a no coiner today.

I don't really claim to understand ChartBuddy exactly, but it does seem to be a unique product that summarizes bitcoin prices and volume that had been happening in the last hour on Bitstamp, so in that sense seems to show its own kind of unique view of what has been happening in bitcoinlandia.  

Even though Richy_T has shown a decent amount of ambivalence about whether to maintain and share such product within this thread, it does seem to be great place for such product - including that quite a few peeps can see it and consider perhaps if they might be able to either gets some interpretive use out of it - or to emulate such a product in some other space.. maybe make some variation of it?.  

Thank you Richy_T and your lil bot, too  (variation from Wizard of Oz)  


Hahahahaha

HEY!!!!!!!   Wait a minute..... I resemble that statement.

 

By the way, part of the reason that I attempt to work with people who have quite differing views from me on a regular basis is that, through my years in this world, I have become much more accepting of the fact that the objective truth might not matter as much as I had previously thought that it did, and for sure, I don't even consider myself to have all the answers even though my opinions and perspectives have changed quite a bit through the years, and even when I consider what my younger self would have done or thought, I am not even sure if I can wrap my head around that hypothetical presentation of the matter because my younger self actually came into being under a different set of facts - and surely bitcoin is ONLY one of those different facts that are present now that my younger self may have well been unable to figure out, either how to navigate, and my younger self may well have gotten lured into shitcoins.. I am not sure.  I am not sure.  There are so many different facts in this world as compared to my younger self - whether we are talking 20 years ago or 30 years ago or some other randomly chosen timeline.. of course, the shorter the timeline of comparison from the now to the past, then the more difficult to appreciate (or recognize) differences because some changes are quite difficult to perceive on a shorter timeline, but become way greater and easier to notice on a much longer timeline.  So, sometimes when I am talking to someone that I am starting to speculate could be an idiot, I do attempt to wrap my head around their particular personal circumstances, and my memories of my younger self is one of the tools that I attempt to apply (without trying to be patronizing about it, unless necessary) - even though sometimes I even have a hard time figuring out what my younger self would do or how he would think in such hypothesized circumstances. 

By the way (II), it seems appropriate to add a meme, around here:

I have a lot of idiot relatives and friends, maybe even all of them, so I cannot really stop talking to these kinds of people.  They are everywhere.

Over the years, I have found that sometimes seeds planted from years back will come to fruition at later dates, and surely some people might not admit that their conversation with you was helpful for their rethinking their previous thoughts, but surely I can recognize that sometimes there are going to be various kinds of changes and even improvements in the ways that they think about certain kinds of topics that seem to somehow relate to my interactions with them.

This is not a one way street either because when I am trying to interact with people of varying perspectives, I frequently am trying to consider if there might be ways that I can have better interactions with them, and of course, sometimes even if the person is talking about really basic stuff and seems to be an idiot in various basics, frequently, there still seem to be things that I can attempt to learn - but also sometimes, it can be quite fruitful and better use of time to avoid certain topics with certain people, too.

With that particular cousin, I had heard him go down a few conspiracy theories previously that also involved the government and aliens, but sometimes I might not be ready, willing or able to follow some of his seemingly stream of conscious paths, so if we are somewhat attempting to talk about bitcoin, even though we did deviate into a few shitcoins (for sure seems to be the first thing that comes out of the mouths of various no coiner (or almost no coiner) normies), then at least we end up being able to have some kind of conversation and maybe even some bonding.. I mean I do have things in common with several of my cousins and I do end running into them quite a bit - even just once every few years.. but could end up being more frequently, too.

For sure a bit of a dilemma to connect aspects of your business to your online identity, but sure of course some people do that, and also I can surely appreciate any kind of sensitivity that a person would have in regards to any kind of person who is brought in to review or repair hardware/software that is connected with bitcoin or other crypto for that matter.

Surely any fears with backdoors would be that they could lie dormant for years prior to being used and sometimes might not even be discovered for such a long time.

I was speaking with a close to a nocoiner cousin a few days ago, and I had not spoken with this cousin for a very long time, and I had not realized that he had developed quite a lot of interest and even knowledge about various cryptos including bitcoin.  I spent quite a bit of time attempting to correct several of his seeming misconceptions and all over the place talking points, and surely we know that some things are difficult to prove or disprove and even speculating about the price direction of one coin versus another can really get caught up into various spins on perceived truths.

At one point, my cousin mentioned that the government probably invented bitcoin.. He said that he believes that the USA government has a motive in order to have an ever-present backdoor that just sits there but then when I pointed out quite a few reasons why his assertion is likely not to be true, he asserted that he agrees that his idea is a long shot, but still one that he believes and it motivates him to be quite skeptical of bitcoin as an investment that will hold its value. 

Sure, in some sense, I cannot really disprove that likely to be nonsense by giving some reasons and even some actual factual happenings that causes his theory to be quite unlikely to be true including how much actual power that bitcoin actually gives to random previously powerless people.. and that power can be quite hidden from anyone including the govt.  He persisted to say that he remained concerned about the government having a backdoor into bitcoin... at least, the last that I heard from him on that point.   

I could almost squeeze ur lil cheekies, you are such a cutie.  



That is b called Koreck!!!


Bitcoin and crypto no es bbbeeeee dee same ting-i-lie, and you seem to b getting it  little by little..



Good jobbbb!!!!!..  #nohomo  

It's not like you tend to have many insightful things to say anywhoo.. so there is that angle, too.  #justsaying  #nohomo

 

I'm gonna.....



Uuuggh


That's fair that we are not really getting much of anything from the NVT ratio chart in terms of telling us which way the BTC price might go from here.. just gives us a sense that the current price is undervalued.. but does not necessarily mean that the price might not continue remain undervalued for a week or even a couple of years.


Sure, we are in agreement, but your way of making your point is kind of weird... It's like you are being way the fuck too accepting of the possibility that BTC could go down from here.  When I think that the BTC price could go down from here, I neither even think about selling nor about the more extreme approach of shorting, but I would consider at what price point I might buy.  Yeah sure I have already developed a system that I just buy and buy and buy and even started buying at $57k and have been buying all the way down.. so then a question for me would be ONLY whether to keep the buy increments the same or maybe to cancel some of them in order to buy lower.. but why fuck around with a system that already has been working pretty well, so I am ONLY suggesting the reasonable options are figuring out at what points and how much to set the buy orders... and a selling after the price has already bounced down 53% would ONLY be somewhat practical, perhaps if you presume a bear market and you presume that the various current BTC price models are needing of tweakenings.. and the evidence (and logic) do seem weak for that, currently.. even though sure, there is always a chance for anything but the odds do seem to be against such DOWNity from here scenario... drop another BIG ONE drop another  BIG ONE .. and then perhaps.. so yeah.. dropping another  BIG ONE would have to be the scenario (that is not out of the question) to help to facilitate some MOAR DOWNity from here..



The definition of consolidation, no?


Glad to see that you still retain some senses. #nohomo



Now... that's a perspective worth reflecting upon!!

Whoaza!!!!!


Think about it?

Zoom out to compare September 2020, Whoaza!!!!! ($10k for reference)

Zoom out to compare March 2020, Whoaza!!!!!  ($3,850 for reference)

Zoom out to compare December 2018, Whoaza!!!!!  ($3,124 for reference)

Zoom out to compare December 2017, Whoaza!!!!! ($19,666 for reference)

Zoom out to compare Summer 2017, Whoaza!!!!! ($2k to $3k for reference)

Zoom out to compare Summer 2015, Whoaza!!!!! ($250 for reference)

Is there a need for any more zoomening outenings?

I doubt it..

The above zoomening outenings is amazing, but there is more, in the event that (are they retarded?) peeps do not get enough WHOAZA from those above zoomenings.

Personally, I have some difficulties conceptualizing that attempting to throttle up and throttle down your strategies based on where you believe the BTC price is going to go is going to yield you better results than a strategy that attempts to mostly minimize those attempts at timing (aka outsmarting the market).

On the other hand, there are likely ways that you are going to be able to tweak on the edges as long as you largely have a system that you attempt to follow, and even though I am going to go along with you and attempt to analyze timing effects within each of the categories, when any guy is looking at what he is doing, he needs to look at the whole thing as a package, so he is likely going to be able to tweak within each of the categories in such a way that attempts to somewhat account for some of his anticipations of BTC price direction - while at the same time built in doubts (which many of us should always have) should result in his tempering the taking of BIG risks in one direction or another (in other words, if he has created smart systems that are already largely attempting to tailor to his own circumstances including account for various anxieties, then his temptations to gamble should also be largely tempered.. perhaps not completely tempered because many of us have some levels of wanting to gamble.. at least a little bit based on information that we believe that we know).

Let's attempt to take a look at how timing (or feelings) can play a part in each of the categories.  Let's continue to use the example of $250 per week with an additional surprise $6k coming available once per year (since you seem to like this amount so much - in spite of your battling with it.. . hahahahaha).

Lump sum investing - this category is already kind of already inclined to take out some timing aspects because it is suggesting that as soon as you get the money, you invest it.  Sure you can take the $6k per year or whatever extra money that you might get from time to time and divide it into parts so that you can use in other categories, but you can also just put it in straight away.  The reason that I tend to just divide that shit up into three as a starting point is that I just want to have some advantage of each of the categories, rather than putting all my eggs in one basket.  Of course, if you do not have shit into bitcoin, and maybe you have set your BTC accumulation target at somewhere between 1% and 10% but you have not even come close to reaching your accumulation target yet, then you might be more aggressive on the lump sum aspect.

By the way, in about 2016 or so, I grew away from the idea that there is a need to be continuing to reallocate your gains, so for example, if you set some initial allocation amount of somewhere between 1% and 10% (let's just say 5% to be in the middle of that), but the BTC price goes shooting up 2x, 5x or 6.5x for example, then let's just say that when the BTC price was at $10k, you had largely reached your 5% accumulation goal, but as the BTC price went up and your other assets did not change too much in value, your BTC began to take up way larger percentages of your overall portfolio and at $20k, it was around 10% and around $50k it was around 25% and around 32.5%... And, so when the BTC price comes crashing back down to $30k-ish, your allocation in BTC becomes 15% - which is still way over your initial authorization of 5% into BTC.  

I used to go along with some of those traditional investment ideas in terms of considering various times to reallocate, but since about 2016 when that first started to become a potential issue for me, I personally decided to say "fuck reallocating," and instead let the winner ride, and I believe that there are a few aspects to the formula that likely needs to be present in order to decide not to reallocate, and one is already having other investments that are decently solid so that you do not necessarily need to take profits from BTC to put in those other assets.  Another thing is both having confidence in the underlying fundamentals of the asset and even not being deluded into believing some piece of crap investment (such as a shitcoin) has strong fundamentals when it does not.. Bitcoin does seem  to fit the category of being a strong fundamental investment, yet of course, opinions are not necessarily going to agree about that, so in essence what I am saying that in order to stick with your reluctancies to reallocate, you have to both have developed ideas of the fundamentals being strong and in order for that approach to be long term profitable, you ultimately need to end up being correct, which the future may end up proving you right or wrong in terms of what you thought would happen and what ends up happening.

DCA  - of course, DCA completely attempts to just take an amount of money that is comfortable and just to blindly put the money into BTC no matter what the price - whether that be $250 per week or $20per week, $1,000 per week or some other amount or increment.  There should be little to no timing attempts with this, and surely, if you don't want to dedicate the whole $250 that you get towards bitcoin purchases for that week, you can assign some of it for buying on dips.. nothing wrong with that, even though personally I believe that while you are attempting to reach or even maintain your allocation target, you should be dedicating a certain amount to ongoing, continuing, persistent and regular DCA-ing, even if it is a relatively small amount. Once you reach or even exceed your allocation target, you can become much more lax about whether you continue to DCA at all or maybe considerably reducing the amounts or intervals of DCA in order to account for your having had reached or exceeded your target (which also could be considered as being reached or exceeded based on BTC price accumulation).  

Maybe in 2016 when the BTC price was around $600 each, you considered your overall income budget and considered that maybe over the years you might be able to get about 21 BTC, which would be around $12,600 invested, and if the BTC price went up to a few thousand dollars (for example $5k), you would end up having around $105k in value that you could continue to build.  

However, through the years, you saw the BTC prices going up and down and you lost your focus and you fucked up a whole lot because you were trying to time ups and down, and you never reached your 21BTC target.  Even after the BTC price went up to $20k and then came back down to $10k, spent a lot of time in the $7ks and even $3ks, you never did reach your 21BTC target,  but somewhere along the line, you did get up to 15BTC, and you started to consider that 15BTC might be enough.  Even in September 2020, BTC prices were around $10k, and you had largely reached and exceeded your short term $100k plus target because your BTC were worth $150k.  Furthermore, thereafter you saw your 15BTC go up to almost $1million (at $64,895) and you also saw the 15BTC go back down to below $500k (at $30k)you had.  

So, I am not going to concede, Wind_FURY, that you had not been fucking around the whole god-damned time trying to time the market by failing and refusing to buy, so sure you did not reach your 21 BTC goal, and maybe even you have not been able to reach or maintain a 15 BTC goal, but in the end, maybe you are coming to realize that maybe 15 BTC might be enough because you might not need as many BTC as you had originally thought, but you keep fucking around by trying to time the market, failing and refusing to continue to buy on a regular basis... So even though I do not know (or care) about your exact numbers, AmiNOTrite about the negative repercussions you have continued to feel with your lame-ass attempts to try to time the market when you should have some category (and amount of money) in which you should just be regularly buying BTC in order to reach some kind of somewhat tangible goal?  

Buying on dips - maybe this is your favorite of the categories, and I have no problem with this category getting a certain amount of emphasis.. but there surely can be a trade-off if too much emphasis is placed into this category which causes peeps to be inadequately prepared for UP.  Each of us should be figuring out what balance that we need to make in order to be prepared for both price directions, and so damned frequently in the bitcoin space I see folks who way the fuck inadequately prepare for up.... so as I already mentioned, you could have made a bit over a $10k investment in BTC in 2016.. and then just sat on such investment and would have largely been adequately prepared for UP. .. so then just don't be playing around with that part of the investment and then maybe continued to follow various other strategies.

Of course, if you were not around BTC in 2016 or if you failed/refused to adequately prepare for UP, then you gotta start from where you are at, which means that if you are a nocoiner relative of Wind_FURY.. don't be listening to his ongoing dumbass suggestion to wait or to ONLY employ buying on dips, you gotta be doing those other parts too.

Furthermore, it does not matter if you could have performed better blah blah blah if you end up NOT getting the timing correct because you are trying to get more BTC for lower prices and the BTC prices do not end up going lower.

Anyhow buying on dips remains ONLY one of the components, and I personally do believe that it should be incorporated right from the start of investing into BTC because it helps psychology and finances when the price goes low or even lower than expected, so having some money prepared for both low and even perhaps lower than expected could feel good, even though the overall value of the holdings may have gone down 10x or more than any amount of money that you had prepared for buying on the dip.   Accordingly, let's take the person who had accumulated 15BTC, and when the BTC price drops from $64,895 to $30k, then that person had gone from having a dollar BTC value of $975k down to $450k, and so maybe he bought at various times in the dip, including buying at $5k at $52k, and then buying another $3k at $42k, so then when the BTC price reaches $30k, he may have ONLY about $3k - $5k left in his funds, and in some sense he has already run out of money so he is feeling like he cannot buy anymore at the $30k prices because if the BTC price were to go to $25k or even less to $20k, then he would not have any money for those dips, and he is feeling in a bit of a dilemma.  

Of course, I can feel the dilemma, and instead of trying to time exactly how far the dip is going to go, my buying on dip strategy had already bought all the way down from $57k to $30k, and I still have buy orders going down to around $15k.  So personally, I am suggesting not to be timing this or trying to figure out shit.. If you feel that you bought too much too high, then hopefully you learn from your mistakes, and I am suggesting to continue to set your buy orders at various increments in order that you continue to buy on the way down, you do not stop buying and you do not run out of money.  So even if you ONLY have $3k left, and you are ONLY able to buy small amounts, I would be suggesting to figure out your buy intervals and set your buy orders all the way down to where you believe that the BTC price could go and maybe even going beyond where you believe that it could go.  You gotta find a balance in this that is comfortable for you in terms of your believing that you did your best under the circumstances including your likely considerations that you feel that you already fucked up by buying too much too high.  

By the way, I am not even conceding that the bottom of $30,066 is not already in, but I am just playing along with the idea that there are a lot of peeps (probably including Wind_FURY) who are feeling a decent amount of anxiety because they already fucked up by running out of money, buying too much too high, and now are thinking about the what ifs that might be quite a bit of of wack of what is more likely to happen in terms of this particular current shake out that we are in the midst of.

So for example, if you ONLY have $3k left and your cashflow projections anticipates that you will likely be getting another $250 per week for the next few months, and if you also believe that there are decent chances that BTC prices could go down to $25k and in extreme cases could go down to $20k, and you are thinking that the odds are really extreme.. such as less than 2% that the BTC price could go below $20k, the you might set your buy on dip orders down to $20k with the $3k that you have and then just plug in the extra $250 per week into that buying on dip plan at various points as that money comes in.  

So even with the $3k, you might consider that buying $300 for every $1,000 price drop would be prudent, and at the same time you are depressed because your 15 BTC collection goes down in value about $15k every time that the BTC price drops $1k, but you are ONLY buying $300 with each of those drops, so you start to believe that you might be doing something wrong.. blah blah blah.. and I just say stop getting all caught up in bullshit about the loss of value of your BTC and just carry out your buying on dip plans as well as supplementing with the other two BTC accumulation strategies, and in the long run of 4 years or more, you are likely going to be doing quite well with any new BTC purchases that you are making.. whether buying on dips, DCA'ing or lump summing, and surely considering and attempting to tailor those three strategies should be very helpful in terms of reducing a lot of anxiety during BTC price dippening periods whether the BTC price is going to be continuing to dip for some uncertain amount of time into the future or whether the bottom is already in.. I surely am not going to presume to know, even though I do suggest that anyone who buys BTC at any price should be buying with an anticipation of holding such new purchases for at least 4 years from the time of the new purchase.


No.  I started more than 7.5 years ago, you fuck.  Why do you keep perverting the various facts or what I have been attempting to communicate with my various examples or hypotheticals or speculations or whatever?

I used the 5 years in order to go by your forum registration date in terms of your getting involved in bitcoin, so I am not competing with you, you fuck.  Nonetheless, I did proclaim that my system of largely following DCA and other related strategies has largely ended up paralleling the performance of the DCA system of 42x.

So, I am not even proclaiming that DCA either needs to outperform various kinds of other hybrid systems because there surely can be other goals that are attempting to be achieved by employing a variety of systems.  Many times I have suggested that I hardly give any shits about my actual BTC price performance because my preference was to be able to achieve something that was very similar to my traditional asset returns which was averaging around 5.5% per year, so it would be nice to match that level of performance but not necessary because when I started investing in BTC I was accounting for BTC being a potentially risky as fuck asset, and along the way I have continued to have those kinds of considerations about the risky as fuck nature of BTC, so some of the strategies that I personally created were to attempt to protect my own investment from some of the downside risk and some of the seemingly built in and inevitable volatility.

With all of those considerations, my BTC performance has still largely matched the DCA'ing average that is about 42x, and I was attempting to get you to discuss your supposed attempts at doing better than DCA and to compare whatever the fuck you are doing to what you would have gotten with a mere blindly following DCA strategy.. that is not trying to time shit.

Of course, the DCA strategy charts can be clicked on to show that the longer that you have been employing the DCA strategy the greater your returns and even likely if you average them out on a per basis, the longer that you have been in, then the better per year performance that you are likely to get.  Of course, when you are looking at a shorter period of time, then sometimes you are going to NOT have either very good performance or there may be some getting caught in various kinds of correction periods that cause the shorter term periods to not show too well on the DCA chart... so now you want to say that you just started 3 years ago, and your first two years do not count?  Fuck that bullshit.  Maybe your are just too much of a newbie because I was trying to use a longer (and especially longer than 4 year period) to show that DCA really is a solid practice?  

Surely 3 years is more problematic because of BTC's four year cycle that is not even guaranteed.. so you fuck, you want to suggest that you have only been investing your timing the market strategy for 3 years.. what a fucking twat.  Part of the considerable power of DCA is to both let the damned thing run for a long time and to continue to do it, and there comes a kind of compounding effect that comes from the time in the market rather than timing the market, so the shorter the period that you pick (you fuck) the smaller the ability to show any kind of performance difference from any random strategy

O.k.. whatever, I will play ball.. a wee bit.  We already saw that 5 years had shown 13.5x..  Of course, we are in a good cycle now, so 3 years and 4 years are still going to show decent results. but I still am suggesting that the longer that you merely do the DCA then it is likely going to perform well, and if you are making some kinds of claims to having superior performance, as if the ONLY thing that matters is maniacal focusing on upside performance (which that also is not correct, because many times long term investors want both upside potential, but they also want some kinds of feelings of wellbeing in regards to downside risk, too).

By the way.. just for shits and giggles in terms of your shifting goal posts methods of attempting to interact here.

4 years DCA'ing shows 438% returns  (so easier to beat that, right?)

3 years of DCA'ing shows 341% returns   (so easier to beat that, right?)

So have you beat the 3 years performance with your attempts at short-term selectivisms? Even with your wanting to ONLY selectively start the employment of your supposedly enlightened approach at 3 years, rather than you forum registration date, then surely you have been able to get better relative performance with that no?


Oh gawd...  

Maybe it's o.k. to play along with you here.  So O.k.  You are really suggesting that you started investing in BTC 3 years ago rather than 5 years ago?  You do not want your first 3 years to count, right?

Think about my situation?  I started at the end of 2013, which was the top of that price run.  My starting purchase was at $1,200, and the price did not get back above $1,200 for more than 3 years in early 2017 and the price did not even stay above $1,200 until March/April.  I don't selectively choose my BTC price performance based on that. I made a lot of mistakes along the way, including getting a lot of BTC taken from me through a sims port hack, and I even include the price of those BTC in my overall calculation of BTC price, so my average cost per BTC went from below $500-ish to around $750-ish from that hackening situation.  But I do not try to spin that as NOT counting, and still over the 7.5 years that I am in my overall BTC price performance is still inline with the DCA'ing projections. and I believe that I am engaging in strategies to insure my BTC portfolio from downside price performance risks and BTC price volatility, which should take away from my BTC upside price performance, but my BTC portfolio is still largely matching the DCA price expectations that are in the chart in terms of the 42x .mine is like 48x... but whatever, I have been in longer than 7 years and more like 7.5 years... even though my first 1/2 year or so was building the initial stash that largely did not come close my accumulation target until getting close to being a year into BTC, but I had not really realized and/or embraced my BTC accumulation target until I was around 9 months into BTC... so then I started considering 10% was my BTC accumulation target in respect to BTC as compared to my other investments.





Well reduce your amounts then.  Going back to the $250 per week BTC budget, if you have personality inclinations that you want to fuck around with 1/2 or 3/4 of that amount, then don't put all of it into DCA. I am not even saying to follow any approach that you do not agree with, but I am saying that it is really difficult for anyone to beat DCA overall, and like you suggested, it is not just about finances, but it is about psychology too (even though with the more and more passage of time the finances does seem to work itself out with DCA, too.. especially if the asset ends up going UPpity in the long run, and generally BTC does tend to do that, at least so far).


Nothing wrong with that.


By the way, after responding to each of your above points, I acknowledge that there are some parts of my response in which I am getting a bit frustrated with some of what you are saying, and part of my frustration probably has to do with when I get some senses that the goalposts or the hypothetical is changed or there seems to be selective employments of facts that seem to avoid some of the earlier points that were being made.  

Of course, if you want to proclaim that you have ONLY been investing in BTC for 3 years (or employing your strategy/method for 3 years rather than 5 years), then I suppose that could be fair, too.. especially if it is actually what you did in terms of not really getting started in investing in BTC. but still seems a bit problematic, because of course, with any investment there are going to be more and more benefits that come with more and more time in the market..

Accordingly, I can concede that newbie investors can take a year or two just to build their investment portfolio (with BTC or any other investment) to some kind of somewhat meaningful amount that it makes sense to even think about it or moving it or whatever.. so sometimes the first few years might be injecting so small amounts that it really does not seem to add up to much if anything.

I look back at my own earlier days in investing, and I see that my investment amounts were relatively piddly.. so it can take a lot of time to both build the investment amounts and also for the various investments returns to start to show and to compound upon themselves... to also show greater and greater amounts that really show 15 to 20 years down the road rather than in earlier days of building the investment portfolio.. and even from my own experiences the compounding really seems to show more and more further down the road.. - kind of the expression of it takes money to make money.. but surely a doubling of $100k is going to seem way greater than a doubling of $1k.. even though it is the same percentage.

Some peeps no likieee talk bout king dad.  

Are u referring to the "royal" lets or the "non-royal" lets?^tm

#justasking






I'm going to say "bloody Mary" three times to see what happens, too.


#justasaying