For sure each of us is going to find his/her own balance in terms of how much we feel that we need to push ourselves or if we are getting enough out of maintaining what we are doing.  I frequently will change my quantity or quality of pushup, and so there can be a variety of ways to verify the feelings that we are getting, including getting some senses that we are pushing our bodies to failure during some of our sets while maybe stopping short of that in other sets.  And, sometimes we have joint and/or muscle pain that is transitory and other times it might last through the days, and we could even experience overall exhaustedness that we may or may not be able to work through with the passage of more time... maybe improving our diet and/or our rest too.

Surely, I never said anything about any need to diversify.. especially for a new investor who may well be fine just diversifying into bitcoin and dollars (fiat).. so yeah you are adding that idea in and even seeming to suggest that it might be in line with some of the things that I had been talking about - which to me diversification seems to have the potential overly complicating (or diluting of his investment into bitcoin). 

Sure, after several years of building your bitcoin portfolio, maybe even 6-10 years or longer it might start to make sense to diversify into some other kinds of assets such as stocks, bonds, properties, commodities and/or cash or cash equivalents..

Alternatively, if a person heavily front-loads into bitcoin rather than DCA investing, then there also could be some justification in regards to diversifying since such person is already starting to build his BTC holdings from a large amount rather than building over time, which many investors take a whole hell of a long time to build any kind of decent and/or meaningful investment into anything (including bitcoin) that would justify diversifying. 

Diversifying for the mere sake of diversifying (because it sounds prudent and "smart" people say it) hardly makes any sense.. and makes even less sense if you are using that term of diversifying in order to justify holding some shitcoins... which is even dummer.. and in the context of shitcoins, likely there is gambling involved, and surely anyone who is really tempted and cannot control themselves in terms of wanting to have some shitcoin exposure (gamble), then they should at least limit that exposure to less than 10% the size of their bitcoin holdings.

You sound mixed up Briankimp1.  Crypto and bitcoin are not the same... and you are mixing those words as if they were the same thing or something similar.  We are not even talking about shitcoins here... so Fuck shitcoins and dumbass ideas as if they were the same or similar to bitcoin.


Are you trying to sound smart, or what?  What is this amorphous crypto bullshit that you are referring to?  Do you believe crypto and bitcoin are the same?  If you are wanting to talk about bitcoin, then why not just say bitcoin?  Probably you don't really know what bitcoin is, so you think that you are communicating something more meaningful when you speak in vague terms.. which truly is not helping anyone, and probably shows your own lacking of understanding in regards to what bitcoin actually is.


Hopefully, you can figure out how to communicate better and not say retarded things while perhaps trying to sound smart.  Just because others (perhaps even smart people) talk about "crypto" and don't specify exactly what they mean by such dumbass vague term, that surely does not make it acceptable to do the same.  Now if you actually specify what you mean, then the problem is less egregious, even though in this thread, there seems less need to even mention various shitcoins unless maybe you are wanting to say something negative about them or some how some shitcoin relates to this topic.. but many of us here already know that any kind of potential positive talk about shitcoins tends to be a slippery slope that may not have any way to recover, so it is likely better to just avoid any kind of feeling of a need to talk about any shitcoins.

I am thinking something very similar in regards to the slowly increasing of pushups, even though there can be a general theory that if you have some kind of exercise that you are doing on a kind of maintenance level.. whether that is daily or 3 times per week, you should be able to double what you are doing on the maintenance level for a kind of one time ability to carry out.  I used to use that approach in my historical running.. and tend to train at half or maybe once in a while 3/4 of the marathon (or whatever race) distance, and then I would be able to finish the length... Of course, I am referring to a kind of amateur training approach rather than a professional training approach, yet with something like a marathon, there tends to be a desire to just finish it without having to stop.. and even better if you can run the whole time without having to walk (except maybe walking at the water breaks while you are drinking water or something like that).

So yeah with the pushups, there could be ways to add quantities of pushups each day or even once a week and also to add sets or think about how many pushups to do for each set.... or how much time to wait between each set or how to spread the sets out during the day. 

Many of us who are several months into daily pushups have already gotten over some of the worst of the initial soreness of muscles and joints, so we are likely more used to regularly doing pushups, so we do not have to be as careful in regards to major injuries or soreness that might come from just getting started with a new kind of exercise.. so then the questions come down to building up... which surely it might ONLY take a few weeks to go from 100 per day to 1000 per day on a one time splurge... there could even be a kind of increasing of the maintenance amount, and then once every several days or maybe once or twice a week do a splurge session (maybe once a week would be enough for something like that.. but if you believe waiting a whole week is too long then maybe something like every 5 days doing a splurge session)


Fair enough.  I might have read too much into the significance of your various proposals.. and I am glad that you have interests in experimenting with new things and/or mixing some of the matters up a bit.. .. .. yet I also think what is going on here is also fairly interesting in the ways that I had already stated including that we continue to have forum members newly coming to participate in reporting their pushups, which some of them may well end up on a long streak of pushups and even changing some of their own exercise habits for the better.. .. even in my own life I am describing my doing of pushups. .and some guys start consider that maybe they have to consider adding some kind of exercise to their own daily routine... so it can be interesting how these word-of-mouth matters can end up spreading.


You do have to pace yourself, and you could have lack of fluids or even lack of iron in your diet, so you can work up to certain levels of exertion, but you should also make sure your diet and sleep are reasonable... and you tend to get iron from various proteins and red meat.. and your body absorbs the iron from meat better than the iron from plants (or non-meat).

I think that you have a correct assessment.. but surely, it is still a kind of exciting sleepy sleep... .and just think about how long we have been in this range (depending upon where you put the boundaries).. $55k to $82k remains for this here cat .. and if I recall correctly (of course I did a quickie sneak peak at the charts) didn't we cross into that around February 27th-ish? (and maybe others might have some agreement with an assessment of the $55k-ish to $82k-ish zone, even though it remains a kind of strange thing to be stuck in such consolidation that is largely right around our 2021 ATH of $69k.. .. so hopefully, if some guys might have sold some coins around these here parts, hopefully guys did not sell too many and maybe they already bought them back (which selling too many cornz too soon may well lead to later regrets).

There is a pretty decent price gap between number 1 and number 2.

$1,479.

That is:
1 2024-03-13   72,901
2 2024-04-08   71,422

At the same time, we likely realize that certain thousands have decently good odds of getting completely skipped.. but it remains a matter of when, and even if they are skipped, we cannot necessarily rest assured that those thousands might not get revisited at a later date.

I am pretty sure that I could do 500 in a day, since I was already able to do 300 in a day.  I would just have to increase my number of sets to maybe 10 sets or maybe 15 sets rather than limiting myself to 5 sets in a day... 15 sets of 34 pushups would go slightly higher than 500 pushups... 1,000 would ber much more challenging, but someone younger than me in his 20s or 30s may well be able to accomplish something like that.. perhaps 20 sets of 50 or 30 sets of 34.. .. Maybe 30 sets would be one set every 1/2 hour... It would not be impossible.. but it seems that it might not be a good thing for someone who is not quite up to it.. and even for me, 500 in a day might be a bit more than my body is able to handle.. but I still believe that I could do it if I dedicated my day to it... 15 sets of 34  would be about one set per hour-ish.

I will think about it, and I might give it a shot one of the days after BTC hits $100k, but if I start to try to do it, and it is seeming impossible to achieve, then maybe I will abandon it.


Fair enough.  I just looked up the statistic, and that is 24,901 miles to go around the world at the equator.

https://coolcosmos.ipac.caltech.edu/ask/57-How-large-is-Earth-#:~:text=Earth's%20circumference%20(the%20distance%20all,24%2C901%20miles%20(40%2C075%20kilometers).



Horey sheit DirtyKeyboard.  Are you in blow up the world fantasy land or what?

Listen to your last question.  If no one quoted anyone else's report then the world would be gravy.. .. and yeah, that does not seem to be too likely....

You have like a really wonderful thing going on here, and it works and it is really allowing for folks to see their own pushups, and also the pushups of others.. so it seems quite a good thing, and there is a lot of room for individual variance too including guys who might want to do a lot of pushups and guys who don't want to do very many and also guys who might be a bit sporadic in their push up reports.

In the end, you can do what you like, yet to me it seems that we have a good thing going on here, including but not limited to more and more members including themselves in the table...

And yeah, maybe you are tired and/or bored of doing so much work, yet I believe guys do appreciate how creative you have been in pushup table production, yet now you are seeming to want to blow it all up.

You are like the bald old guy who divorces his wife and spends all of his savings to get the convertible that he had wanted since high school.

hahahahahahaha

By the way... 44 pushers.. and getting very close to 200k collective pushups..   I had been looking forward to the day that the number of pushers equals or exceeds 100... but if you mess around with the table too much (or the rules regarding how the pushups are counted), then you may well end up discouraging members from submitting their push up reports at their own leisure.. .. and another thing, many of the members in this thread have now been trained to submit their reports properly.. even though some of us still make mistakes from time to time.. the fact that most of us are not making mistakes is an accomplishment in itself... Sure, there are a few dummies.. but still we got a good thing going on here.. why fix what is not broken?


It seems that the world record is 46,001 pushups in 24 hours that was set in April 1993 (actual quantity of time was 21 hours and 21 minutes of doing pushups 36 pushups per minute on average), so surely 1,000 should be a lot easier for normies to achieve, even though I personally am not likely to try any more than 500 pushups in a day any time soon... but that is me.. with a so far personal best of 300 pushups in a day, and I cannot even recall if my 300 pushups in a day were of very good quality.

https://www.topendsports.com/testing/records/pushups.htm#:~:text=Charles%20Servizio%20of%20the%20US,his%2024hr%20push%2Dup%20record.


I don't claim to be in very good shape, even though I am trying various techniques to try to maintain and potentially build, so I feel that these 122 days of pushups have been very good for me, so far.

In the late 1980s and into the early 2000s, I used to run quite a bit (a lot of half marathons, marathons and other distances), even though I claimed to not like it.  I also did quite a bit of partner dancing from about 2003 to 2019.. but I cannot really do those endurance cardio things now due to my own health issues that I don't really want to get into details about.

I was probably walking quite a bit between about 2018 and 2023.. though I resumed some resistance training (like in the gym) in mid-2023 - and then yeah of course, these pushups x 4 months... but I had done some weight lifting that has been scattered since the mid-80-s and various points through my life).  I did quite a bit of ultimate frisbee and also hapkido in the mid-90s.. maybe a around 6 years worth of those activities.


No problem.  I personally believe that in forums like these, members lose arguments when they allow their emotions to get in the way of the contents of their posts, even though like I mentioned, strategically from time to time, it may be helpful to purposefully throw in a few emotions here and there just to emphasize a point or two (as long as you don't necessarily lose your cool, but merely make it appear that you lost your cool.. hahahahaha).


Actually that is not a bad idea.  If DirtyKeyboard might not want to run the script every day, then maybe every other day or every 3 days of even once a week.  Any of those longer timelines might be alternatives, if there might not be a desire to run the table every day.


The pushup report dictator is out.   

I still see that we seem to be saying slightly different things, and yeah there are ways that guys can lose money on volatility and also by trading, yet also bitcoin is not guaranteed to continue to go up, even though many of us (including yours truly) invest in bitcoin and stay invested in bitcoin because I continue to believe that bitcoin remains amongst the best (if not the best) investment available to normal people, everyone and anyone.. while at the same time, even though I have a lot of confidence in bitcoin's ongoing upward trend, BTC's price is not guaranteed to continue to go up.

Yeah, maybe in the end, I am not really saying anything much different from you and merely quibbling about semantics.

I am glad that you are rethinking your earlier practices - especially if you had been thinking that selling is a good way to accumulate more bitcoin.. so if you can figure out some kind of an amount of weekly investment amount that is reasonable to you, whether that is $100 per week or $10 per week, you can start out some kind of an ongoing BTC accumulation plan and to study bitcoin at the same time in order to perhaps become more confident in your own choices regarding how much to buy, how long to accumulate it and how much bitcoin that you might think that you might need before you might start to change your strategy into something other than ongoing accumulation... and one of the things with bitcoin is that anyone can get into it at amounts that work for them, yet they still may have to figure out how to hold it themselves and various other kinds of learnings about bitcoin in order that bitcoin may have greater chances to give them more rather than fewer options in their own futures.


We are talking about bitcoin and not crypto or shitcoins in this space.  Sure you used the word bitcoin a couple of times yet it makes no sense why you seem to believe that there is some kind of need to use the term crypto.. unless maybe you don't know what bitcoin is.. or maybe you are trying to appear smarter by throwing in some meaningless and amorphous word in a thread that is about bitcoin.


Any investment is risky in the sense that you can lose up to 100% of the amount that you put into the investment.

So with bitcoin, if you are investing with DCA and using discretionary/disposable income, then at least you are not using money that you need for your expenses, and if you need the money then maybe you should not be investing it into something that could go to zero.

On the other hand, surely we know that there are upside and downside scenarios, including in bitcoin, so there are chances that what you invest into bitcoin could increase in value and might even increase more than other places that you could have had placed the value.  So there is a balance that comes from both understanding that the BTC price could go either way, while at the same time, bitcoin happens to be quite an amazing paradigm-shifting kind of a technology of sound money and even facilitating self-sovereignty, so that folks who understand and appreciate bitcoin's value proposition can likely recognize and appreciate that bitcoin remains something that is likely going to continue to gain in adoption and grow in its various network effects. which also are somewhat pegged to bitcoin's likely ongoing price growth.

We are not talking about selling in this thread.  We are talking about various forums of accumulating bitcoin with a presumption of long term investing, and there is no need to figure out your various selling parameters until later down the road. 

Of course, you can talk about whatever you like, but if you are talking about buying and selling as a kind of basic approach to investing, then maybe you are not even clear about what investing means, since you are talking about trading rather than investing.

Yeah, a lot of folks make the same dumbass mistake, and they act like their getting in and out of some asset (whether bitcoin or anything else) is actually investing, when it better fits into the category of trading and or gambling.


I doubt that the end game is necessarily profits.  Sure, we would like to be profitable 4-10 years or longer down the road, but we also would like to have decently good chances that our investment into bitcoin had given us more options as compared with not investing into bitcoin.

It tends to be especially problematic for bitcoin newbies to be worried about the extent to which they might be in profits in their first cycle in bitcoin, and maybe they won't be very profitable, and that should be o.k. as long as they are continuing to accumulate bitcoin, and hopefully figuring out some BTC accumulation strategies that largely tailored to their own financial and psychological circumstances, but also accounting for their 9 individual factors.


You seem to have the right ideas Bravut - especially if you lose that dumbass language about profits, even though technically we are expecting that our chances are pretty good to be in profits the longer that we are investing into bitcoin, but we might not want to get too caught up on profits while we are still engaging in BTC accumulation, and surely there are a lot of folks - especially newbie investors who may well take 10-15 years or longer just to get to a point that they are able to transition from BTC accumulation stages and into something else.  Yeah, it seems strange to talk about bitcoin as an investment that may well take 15 year or longer to accumulate, when bitcoin is ONLY barely older than 15 years right now... but still if someone comes into bitcoin right now and they are a new investor who is investing $10 to $100 per week, they surely may not be able to get out of BTC accumulation stages until more than 15 years down the road.

There can be some psychology to the whole matter too... it is just a lot of pushups.. and maybe it was worse on the days that my average got below 200  and then I felt that I had to do extra for several days in order to get my average back up to 200 pushups per day.. .. I will see how the next month or two goes.. and hopefully I can stick with some kind of an average of 100-150 pushups per day without feeling so much pressure...and hopeully still somewhat stay "in shape."


Sure I still have physical pain, but my physical pain is quite a bit less than it was in the first 2-3 months, and so the last couple of months have not been as bad for physical pain, even though surely there is still some ongoing lingering pain.. just not as intense as in the first 2-3 months.


It seems to be less enjoyable when the quantity has to be sustained, and maybe I might be able to tolerate the ongoing quantity better if I were in my 20s..   I feel good to adjust downward, since I believe I kind of already had gotten myself up to a certain amount of pushups that made me feel good about the progress that I had made, and even my doing 100-150 per day is still likely going to have its challenges, since I am more likely going to give a bit more emphasis to form.. and sure maybe every once in a while I might try to do some sets with quantity in mind, but having a lower overall daily target gives me more space to be less concerned about quantity.


That is a decently informative video, and some of the ideas underlying it may relate to why I ended up considering that I needed to reduce my quantity of pushups.  I plan to still going continue to spread my pushups through the day, and I plan to do them every day, since I believe that in the whole scheme of things I am getting enough recovery time, which allowance for additional recovery time will also end up getting improved with my reducing my average number of pushups per day.

I did disagree with their carbo-load suggestion that was at the end of the video, even though for more than 20 years, I have known about various "carbo-load" ideas that exist in exercise circles, I don't agree with needs to carbo load, though surely there are going to be some trainers and even some exercise practitioners who are going to swear to the supposed benefits of such carbo-loading..


I purposefully focused on quantity over quality since it had been a decently long time that I had been neglecting strength and/or resistance training, and so in that regard, felt a bit of a purpose to pump out various quantities of pushups while my body was getting used to it, so I probably did not begin to adjust my approach until after I had reached 200 pushups per day.. so that was on my day 95.. and then after that I tried to stick with 200 per day, and now I am graduating to the next level of doing even fewer pushups and perhaps still getting a decent amount of exhaustion from the pushups while not giving up on the idea of doing pushups every day, too.


I doubt that there is any need to treat you special, and surely the longer that you participate in various forum threads, the more that other members get to know you, but if you are whining about needing more attention and/or praise and/or appreciation for your contributions, then you are more likely going to get the opposite effect... and perhaps even hostility.. and many times, through the years, I have tried to let other members know (and even lead through example) in terms of not getting overly emotional, even though sometimes any of us might purposefully throw in some seemingly emotional zingers to make our points, and it surely can take a long time for members to get to know you or even like you and some members may well hate you with a certain amount of passion, so I would suggest NOT to take these matters too personally.. but hey whatever, do what you like... and if you want to be an emotional little whiner who is begging for positive feedback, then so be it.. .. Find out how far it gets you.


There is no strict number Jewan420, even if you might be reading too much into that video that you provided, and you likely do not even know enough about guys in order to proclaim that you know, even if some of us might say that we are sore and various kinds of claim, you still might not have enough information to know what might be the cause of the problem, beyond just claiming that the number of pushups is too high.  I can show you my whole history, and my first 5 days were less than 100 pushups per day, and it took me until day 43 to get up to 200 pushups in a day, and the most pushups I did in any one day was on day 93 with 300 in that day...

Surely i could have kept going for quantity and even started working up to 400 pushups in a day, but I personally (and optionally) decided to change my priorities and to reduce my pushups down to averaging 200 per day until just a day (which I did for about 25 days between day 95 and day 120), and so so two ago I decided to continue to average my number of pushups per day even further downward, and that was also optional, and I did not need to do it, except just overall package of things that I was doing, I was rather more interested in prioritizing other things.  So there are options and not necessarily absolutes when it comes to these kinds of decisions that guys (and perhaps a gal or two) choose to make.


Don't over do it, you old fart.    you can also build up to them by doing them against the wall and/or doing them from your knees and then maybe once you get to full pushups do only 5-8 at a time...


Surely Uhwuchukwu53 is challenged in terms of following instructions.  Total number of days.  Total number of pushups.  We don't need to know how many pushups he did that day (at least in terms of the pushups report).  So yeah for me it has become tempting to not say something mean...


I might be willing to do 500 pushups on the day that bitcoin reaches $100k (or the next day).. but of course, I might have to do 10 or more sets of pushups rather than my usual maximum of 5 sets in any day... but truly $100k would be a day to celebrate.. that is if we happen to be able to actually do the extra pushups on that particular day or maybe on the following day or some other day that is sufficiently proximate to the day that bitcoin reaches $100k, which you never know.. could be within a week or two, or maybe it will take another 18 months to two years.  I am thinking that there are decently good odds that $100k will be reached between 1-3 months... but yeah, you never really know.

I doubt that you are giving the best advice when you are prefacing your statement about preparing now with suggestions that the BTC price might correct down to $65k if you are also not suggesting that it might not ever correct back down to $65k ever again.

It seems that the better advice for any low coiner, no coiner or beginner into bitcoin is to just keep stacking and/or preparing for UP, and yeah, if they stack and stack and stack, at some point they may well start to feel that they are sufficiently and/or adequately prepared for UP... yet any newbie investor could take 4-10 years or longer to get to such a point, unless such person might be able to frontload his/her investment into bitcoin.. otherwise getting a sufficient/adequate stake likely takes time and no need to spend too much time considering corrections but instead just regularly stacking..

Could also be characterized as a time-based withdrawal.. that happened to have had some decently good price movement in the process, since many of us (but not everyone) here believes that it is a better thing to be selling on the way up rather than selling on the way down.. that is if we have a choice, and the longer that we have been into BTC, then the more likely that we will be able to somewhat structure whatever sales that we make so that they might not be strictly time based, but also might have a selling on the way up kind of element to them.


One dude (trying to) waking up another dude.

Who would-a-thunk?


Look what the cat drug out of the woods.

Nice to see that you are still "kicking and screaming."

Fuck doggie coin and any suggesting to invest into that shitcoin more than just on some kind of a pump and dump basis, and having a plan to invest for 33-ish years into that shitcoin seems really retarded... You still have not figured out the value of bitcoin, Philip?  Horey sheit.

I am not too likely to be alive in 2057 either.. and maybe if I get another 25-ish years, that might be about as much as I might expect... .... but whatever, so far I am not planning to buy any doggie coin or litecoin either... Oh?  woops. I forgot that I already own some light coin since about 2016. or maybe it was earlier than that, so yeah it is maybe .0002 the size of my BTC holdings, so yeah, maybe I might buy some doggie coin that might be around that same size of my BTC holdings, but I doubt that investing any more than a percent or two would be a good idea for anyone.. but yeah, surely people do all kinds of things. so yeah, my LTC holdings are about 0.02% the size of my BTC holdings and I am not opposed to some similar token level investments into any of the shitcoins, so maybe if I had 100 shitcoins they might add up to 2% of my bitcoin holdings... and yeah, I do have some other shitcoins that coincidentally are larger percentages than LTC.. and so for example my ETH  is nearly 0.1% of my bitcoin size.. I am a bit surprised about that.. but it is also one of those things that I have not really touched for a while, and I sold some of them in 2017-ish.

We might need to see some links to how that CEX quantity of bitcoin is changing through the years before we can say whether 1.8 million is enough to absorb ongoing buying pressures that seem to be coming through a large number of new sources (oh never mind, psycodad seems to have had provided some decent links), including but not limited to the new ETFs that are ongoingly sucking up more of the coins, and seeming to be coming from new rather than existing BTC holders - even though sure there might be some already existing BTC holders converting over to ETFs, I doubt that the quantity of converts is sufficiently offset by the new folks coming into bitcoin and putting additional pressures on whatever actual real bitcoins are available to be absorbed.

Supply shock seems inevitable.. but maybe it ONLY causes a 2x to 3x increase in BTC prices... which I am just talking my own previous assertions of $120k to $180k being a potentially decent consolidation range that could play out for a bit of time.. maybe even a whole year-ish?


6... and 1-5 keeps happening, until it doesn't.


Nothing wrong with that.


Of course, there are all kinds of reasons that people keep some or all of their coins on exchanges, and surely some of the coins are going to be for sale at certain prices, and maybe if the BTC price moves fast in one direction or another coins become available for sale that were not previously available for sale.

I personally believe that the supply shock theory is real.. even though there are always going to be people making more and more coins available as the BTC price goes up, yet the million dollar (bitcoin) question still remains regarding if the quantity of the increase in demand is going to outpace the amount of coins that are ongoingly coming available as the BTC price goes up, and many of us already realize that there are quite a few folks who are pretty modest in their sales of BTC, and sure they will sell some of their BTC, but they are likely not selling them in as grand of quantities as they might do in other asset classes.. so in other words, it seems like many BTC coin holders are more and more informed that it is not a good idea to sell too many of their coins too soon, even if they may well be willing to sell some of them along the way up the price path.


I am not going to claim to know the answer, and my thoughts are that BTC prices have pretty good odds of hitting somewhere between $120k and $180k in 2024, and that the ATH of 2025 will be higher than the ATH of 2024, but surely my own is just a tentative working idea (or my base case) and I doubt that my base case even has higher than 50/50 odds of happening, even though I believe it to be the most likely momentum that I am anticipating at the moment based on current information.. yet as information changes, then so might the base case.

100k,JayJuanGee,120,24000,2024-06-03

I am going to say that I brought my average up to 200 pushups per day for today, yet tentatively, I am now planning to allow my average drop down to around 150 per day, and so it could take more than a month to achieve that, but I am going to take some pressure off of myself, because it is just too much for me to be trying to keep my 200 pushups average.

My plan is to try to do between 100 and 150 pushups, and so I am not going to get stressed out as long as my pushups are somewhere in that range.. and maybe, I will just see how it goes in the coming weeks as far as the next target.

Of course, if you think that you know that the BTC price is going up, then it is better to lump sum and/or front-load your investment into BTC rather than DCA buy, yet part of the problem is that normies (regular people) neither know for sure about BTC's price direction and they might ONLY be able to front-load or to lump sum buy so much into bitcoin based on their own amount of money that they have available to them at any given time.  Sure there are some folks who might have other investments, yet think about it, there might not be a lot of circumstances in which they are going to have enough confidence that it would be worth it to transfer their value from one investment to another (and yeah if they have various kinds of reserves, they still might not have enough in order to invest into something like bitcoin, since it may well be o.k. to take from reserves and cash floats, but it may not be a good idea to take from what they consider to be their emergency funds in order to invest in bitcoin - it would be bad to do that).

So some of the advantages of continuing to invest into bitcoin using DCA, whether you perceive the price to be going up or down (and not really knowing) is that you are figuring out how much money to invest into bitcoin every week or every month as your money is coming in.. and you are building up an amount that you end up having invested and/or saved into something that you might NOT have had otherwise done through other methods because it can become quite difficult to just set money aside and to wait for some kind of an opportunity to invest into something, whether bitcoin or something else.  

Another issue of the BTC price going up is that if it keeps going up, then you still are better off for your having had bought BTC along the way rather than waiting and/or spending a bunch of time and energies trying to figure out some strategic time to buy, yet the theory is that if the BTC price continues to go up a lot and even in a way that seems unsustainably high, then you may well reasonably conclude that good chances are developing that there is going to be some kind of a correction lower than the current price, so that you can buy cheaper, which may or may not be a good prediction... but it does become more and more reasonable of a prediction the higher the BTC price goes and the faster it goes to those higher prices.

In regards to buy BTC when the BTC price is going down, of course, it would be better to wait and to buy when the BTC price is at or near its bottom, yet again, how are you going to know when the BTC price has stopped going down or that the BTC price is getting somewhere near its price bottom?  You could end up spending a lot of time trying to figure out if BTC price is going lower and then you end up being wrong, or you end up being overly whimpy because you are continuing to hold back in terms of the timing of your investing into bitcoin.  Sure after the BTC price already goes down, it seems so apparent that BTC prices had to go down, but rarely is there any kind of an ability to figure out those kinds of price dip matters in terms of either how long it is going to stay down or how low it is going to get.

In DCA, you keep buying without really knowing which way the BTC price is going to go, and you set your budget according to your discretionary income, and maybe you choose to be aggressive or maybe you choose to be more whimpy in the amounts that you choose to invest weekly, but you still are somewhat in control of determining the amounts that you are going to put in and contemplating about whether it might be better to hold some of the value back for buying on dips or just to invest all of your authorized amounts on a weekly basis (or whatever happens to be your investment period of time).

You may end up incorrect if you try to guess too much about BTC's price direction and then end up regretting that you were holding back too much value, so each of us needs to make those kinds of choices in regards to if we believe that we have enough BTC, or we believe that we are sufficiently (financially and psychologically) prepared for UP, or if we think that waiting might be better than just continuously and persistently buying BTC in some kind of a DCAing manner....  

Another thing about DCAing is that you can adjust it so that you are not necessarily engaging in all or nothing kinds of investing, and so maybe instead of buying $100 per week, you decide that you are going to buy $50 per week or some other amount that you believe to be reasonable for your circumstances, yet if you end up being wrong and/or overly whimpy in your BTC buying then you have no one to blame but yourself for those kinds of choices.  You could also become overly aggressive, yet surely in various other threads we have already discussed how having and emergency fund, reserves and float can help to protect you if you had become overly aggressive in your BTC buys, yet at the same time, you might not really realize or know that you had been overly aggressive until some kind of an emergency comes and you do not have enough money to deal with it, and so part of the sign that you fucked up is your own getting somewhat reckt.. or maybe having to dip into too much of your BTC at a time that was not completely at your own choosing.. and surely some folks may well realize that they fucked up, even before getting to a point of having to sell any of their BTC, and when they are starting to dip into their emergency funds and getting to a point of realizing that they don't have much of a cash cushion, then they are realizing that they had already fucked up by some of their earlier spending decisions and/or actions.

In the end, there likely is no real wrong choice except for if you might not be tailoring appropriately what you do and/or how you balance your BTC investment amounts to your own financial and psychological circumstances.


Yes it is better to buy BTC for lower prices when you are able to do so and/or if you have some kind of inkling that BTC prices might get lower, but how are you going to know that they are actually going to go lower beyond some kind of sense of momentum/sentiment.. and at the same time, momentum (or sentiment) can frequently change, so you cannot really rely upon those kinds of assessments, and it would not be a good outcome if the BTC price ends up going way up, and you were too busy preparing for down rather than up, and then you regret because you had not bought more BTC while the prices were lower because you were too busy preparing for down rather than sufficiently/adequately preparing for up.


I surely am not encouraging the trading of shitcoins, but I did want to suggest that there can be some follks who still use some variation of DCA in terms of establishing their shitcoin position(s), and DCA can work with anyone in terms of managing their budget to take money from their discretionary  income and to invest into something whether they are investing into something good or investing into a shitcoin, and some folks actually get lured into thinking that they should be investing into shitcoins for some kind of a long period of time.. so they get in early and then establish a decently sized position and then maybe continue to buy through DCA hoping that the shitcoin goes up rather than down.

Regarding trading based on sentiment.  I am not much of a fan of trading, including the idea of trying to figure out what to do based on sentiment, though I am sure that is how a lot of shitcoins are pumped and dumped in terms of changes in sentiment and trying to predict changes in sentiment so that you can get into your shitcoin earlier than others and get out prior to the sentiment of the shitcoin turning negative.

As far as bitcoin, if you are investing in the long term, then maybe you are accumulating by either DCA'ing, buying the dip and/or lump sum investing.. So surely you could be accumulating and establishing your bitcoin position for many years 5-10 years or more, and even after 10 years, you might still be working on building up your bitcoin position.  so then questions of bitcoin portfolio management might start to come up much later.. when you are either trying to temper your BTC position or maybe you are considering selling on the way up or maybe even time based selling, but either of those selling techniques would fall into ideas of having reached some level of overaccumulation rather than having any kind of design to try to buy back lower than the price that you sell, yet surely anyone who sells prior to the price falling may well want to use the proceeds of his sales to buy more bitcoin than  he previously had with the money that he got from the proceeds of his earlier BTC sales.

Ultimately guys will think about these matters differently, and surely if you think in terms of investing, you may mostly be thinking about building your BTC stash rather than trading and/or gambling with it, but surely the more stash that a guy builds, the more his maintenance strategy might start to be formed by other than mere BTC accumulation, and I surely am not much of a fan for anyone who believes that selling BTC (with hopes to buy back cheaper) is going to serve as a reasonable accumulation strategy... and I am also not much of a fan of strategies to buy and sell shitcoins in order to be able to buy bitcoin with the proceeds of such shitcoin trading - even though surely there are a decent number of folks who believe that is a good use of their time, energies and their money.. even when sometimes their goals might still be to accumulate more bitcoin - and yeah accumulating bitcoin through selling bitcoin or selling shitcoins takes additional skills over a pure investing strategy, and even sometimes guys who have very good trading skills may well have very difficult times to outperform a guy who is merely DCAing into BTC - especially the longer the comparison time period... and when we get into the 4-10 year or longer periods, the person who accumulates BTC by DCAing likely is going to outperform the trader and/or the shitcoiner.

That is a reasonable visual, yet it is presuming profitability based on lump sum investing on certain dates, and many folks will take several years in order to establish their BTC position, even if they might have goals of being aggressive in their BTC accumulation.

Another potential misleading angle is that it seems to be using spot prices, and we know how much spot prices tend to vary, so the level of profitability may well tend to vary too...

For example, if we use spot price as our measure of BTC value, a guy who might have an average BTC cost of around $1k would have gone from 1,000% (10x) profitability around the end of 2020, and then reached around 6,900 (69x) profitability in late 2021, and then by late 2022 would have been back down to 1,600% (16x) in late 2022, and then now back to around 6,900 (69x) profitability.

On the other hand if we use the 200-WMA to assess such profitability valuations of his portfolio would have ONLY gone up.. and they would have had been around 7.3x in late 2020, around 17.84x in late 2021, around 24.11x in late 2022 and around 35.3x currently.  You can punch in your dates to obtain find out 200-WMA valuations here: https://bitcoindata.science/withdrawal-strategy

I understand folks like to use BTC spot price measurements, and it shows the similar things as the 200-WMA, in terms of the ongoing trend upward.. but just a lot more variation in where the BTC price might be located at any given specific time.


Let's just say that mindrust had concluded that he had been overly accumulating BTC and sometime in early 2020 (such as March 1-ish), he decided that he would just buy $10 of bitcoin per week, while at the same time, just holding onto his then 10 BTC, then right now he would have right around 10.09802 BTC....

Or suppose alternatively, on March 1, 2020, mindrust could have had concluded that he has too much BTC, and he could have started to sustainably sell BTC at around 6% per year,  and even that gives around 0.05 BTC per month, but then brings down the balance to around 7.75 BTC with $72k worth of value having had been withdrawn over the past 4 - ish years.  None of that sounds too bad, even if the goal ended up being to employ some kind of a sustainable withdrawal rather than ongoingly accumulating of BTC in the last 4-ish years.  

You can put in the sustainable withdrawal (date, portfolio size and withdrawal rate) information at this site:   https://bitcoindata.science/withdrawal-strategy


Strange how BTC price appreciation works.

Imagine.

8x higher than previously.

A vast majority of folks (who invest in traditional assets and even if they get lucky with some of their investments), they never reach 8x higher on any of their investment in their lifetime, in comparison towards their abilities to have had been able to reach such levels of BTC price appreciation in right around 4 years if we use the second or third time that that BTC was struggling to get through $9k, but yeah we could use 2018, or 2019 or 2020 as our guides to when BTC prices was struggling to get through $9k - even though it did not really struggle too much when it first passed through 49k in 2017... .. and now, $9k is quite likely something to never be seen again, and an overwhelming majority of the world do not have enough (or any) BTC to be able to have had enjoyed such a stupendous price appreciation of this particular asset... and yeah some of us longer term bitcoiners also seem to get frustrated that BTC is not moving up fast enough.. and jeez.. we might be sneezing at a kind of solidness in the 8x that we have achieved in the last 4-ish years.


I think that it is is different than $9k though..

It is more like we were bouncing around $20k - a previous ATH... .so $70k is like 2x as good as $9k.. .. while at the same time we know that in 2021, we did not come even close to as high as our various earlier blow off tops of 2013 and 2017....

but at the same time, even though UPpity price move percentages might seem reasonably capable of being compared in terms of trying to figure out what it means to both do 8x,... but at the same time to be able to sustain BTC spot prices at those higher levels, and while at the same time a lot more capital has to be moving, even if we might be doing another 5x from here... but the capital is there.  The new capital is coming in - perhaps even better than expected in terms of quantity, even while worse than considered in terms of the motivations of such new capital to hold their own coins.


FTFY

It seems that those of us who have been in more than 1 cycle are going to need some kind of plan, and sure there are some guys who are bordering on a whole cycle, and don't get me wrong because there can be dilemmas at each level.

Even if some of us might not stick with the exactly plan that we end up making, it still seems better to have some kind of a rough outline of a plan, and surely there could be some guys on the border of wanting to make a plan, but then they end up regretting not doing anything because their plan was not solid enough to show them how to act.. and alternatively there will be some guys who end up selling too much too soon.  Either way could contribute towards unnecessary regrets.

It seems in the two years or so I have been posting back and forth with several forum members in regards to the idea that those members with less than a whole cycle in bitcoin, and especially those who just got into bitcoin in the last year or two, they may well not be in a position to be figuring out how to  sell any of their bitcoin, and they are likely going to be better off to just keep buying bitcoin through the whole cycle, rather than figuring out some other strategy that may or may not end up with being able to accumulate more BTC (such as trading).. yet many of us likely realize, especially if we had made it through more than a whole cycle, that the first cycle seems to have higher levels of pressures - especially if we do not create, maintain and carry out some kind of a plan.. even if we might end up tweaking the plan a bit from time to time and even making mistakes in regards to our plan, we are likely better off to put some kind of a ballpark plan in place.

DCA is going to be quite problematic for any coin or project that is generaly trending downard in its price... One thing about any asset with strong fundamentals would be that even if it is trending downward for very long periods of time, if the fundamentals are strong enough, then the downward trend should end up reversing, and sure it is not guaranteed to reverse, and sometimes we might not know that something is a shitcoin until it never ends up recovering.

Surely there are some shitcoins that end up having second lives, and so there could end up being some value in DCAing into them and then getting out during one of their recovery periods... but yeah, would we call that investing?  Probably we would call it trading and/or gambling... depending on how wild the coin is and if there might be some reasons that the coin/project actually has meaningful/substantial value beyond pumping and dumping.

DCA is not "specifically made for bitcoin," yet there are several ways in which DCA works as a good strategy for bitcoin, including both bitcoin's volatility and the expectation that with the passage of time it is likely to trend upwardly in terms of its price..  Of course, since there are not any guarantees in regards to bitcoin's future prices, we are still largely playing probabilities that bitcoin is going to continue to be a good investment in terms of generally trending up and if not so at least we can regulate our own exposure in terms of how we invest into bitcoin over time using something like DCA.

Part of the problems in terms of suggesting DCA applies to crypto or shitcoins is to presume similar kinds of qualities in the shitcoins in terms of generally trending up, and sure the various shitcoin investors could still use DCA to invest into crypto and/or various shitcoins, but they also either have to do some additional analysis regarding their beliefs of the strength of such coins and/or they may well be using DCA in a trading sense to establish a position and to sell the position, and so DCA can still be used with various shitcoins, yet several of the presumptions are likely going to be different in terms of likely having higher needs with shitcoins to time the ins and the outs... and with bitcoin, and any other investment that seems to have decently strong fundamentals, there are fewer needs to time the ins and the outs because there is an ongoing presumption that there prices/values are going to continue to trend upwardly.. .even though even the amount of the Upward trend would not be strongly understood to be known or knowable.