Been dca’ing a good bit from ath all the way down to current low. I adjusted by dca over the last few months where 50% would go to purchase on the day and 50% added to ladders down.
Of course, you seem to be describing a kind of hybrid version of DCA plus buying on the dips, and nothing wrong with that. Of course, a pure DCA strategy would be more rigid in terms of just buying on a regular basis no matter what the BTC price, and most active folks will like try to perform a bit of buying on dip strategies.. but some folks are so nervous about NOT really being able to predict, that they just set their DCAs more rigidly.. to buy no matter what whether weekly, bi-weekly, monthly or whatever other period might work for their cashflow balancing matters.
Worked out well in these last few months have accumulated a nice amount. I set a target for myself with a duration of 3 yrs and I’m about 35% of that accumulation target,
You kind of come off as some kind of time-warped version of myself... hahahaha.. I recall in late 2013, I had set a somewhat arbitrary target regarding how many BTC that I wanted to accumulate.. and then since the BTC price went down all the way from late 2013 until late 2014 and even stayed way the fuck down into depression landia territories in 2015.. I largely accumulated way beyond my initial target ideas both in terms of timeline to reach and amount to reach.
but I’m unsure as whether to continue splitting or just shift more into 100% buy on the day. What say you savy WO folks?
Those are not easy decisions, and you know why? views about BTC price is only one of the factors that any of us should be accounting for when we are employing our bitcoin accumulation strategies... here's the whole list of what needs to be accounted: cashflow, other investments, view of bitcoin as compared with other investments, timeline, risk tolerance, time, skills and abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.
It can take a long time to figure out each of these, but you do not have to figure them all out before getting started investing in bitcoin.. and accordingly any person could start by investing small - or investing something that they believe is reasonable and prudent - and continue to study their own circumstances, and perhaps tweak their investing strategy from time to time along the way.
So? How can we answer for you? split or no split? How much budget to allocate towards what?
On a personal level, I tend to attempt to maintain some buy orders that go way below what I expect the BTC price to ever go.. so earlier in the year (maybe as late as late April - early May), I had my buy orders go down to just above $20k.. which I considered extreme as fuck and not going to happen.. .. but what ended up happening? All of those bad boys ended up filling.. and before I could run out of money, I had to tweak them. which was not what I wanted to do, but I considered it was for my own good.. so then I spread them below $20k while the BTC price was still in the UPper $20ks... and then I tweaked again and again and again.. and I was getting tired of tweaking.. it felt like twerking... .. and even the days when the BTC price reach $17,593, I had to pull my buy orders for a few hours.. because I was running out of money.. even though some of my earlier tweaks had actually taken money out from areas that were no longer supposed to be part of BTC purchasing.. but the BTC price was dropping so fast that my previous presets did not really seem like they made sense any more.. and I am not even completely comfortable with my having buy orders down to $13k that I believe will never fill .. but that money was not even supposed to be in BTC anymore either.. but it is.. and it might get tweaked if I rethink it.. but for now, it sits there and if I happened to fall asleep and wake up with the BTC price at $12k, I will have used up all of my buy orders. and again have to rethink the seemingly unthinkable.. and so in that regard "let's".. (the royal let's)
hope that shit no does not happen!!!None of these are easy balances.. and they are somewhat personal rather than objectively applicable.. even though it may well be objectively applicable that every damned person would like to be able to buy at the bottom and sell at the top with frequent rinses and repeats, and that shit no does not happen either, except in shitcoinlandia.. and who wants to live in that scammy and scummy world.. . We live in an actual bitcoin market world in which the manipulations of our BTC prices remain more organic.. even though it frequently no does not feel like that (
organic, I mean 
)
Split or don't split.. ? You surely gotta consider your budget and for sure anyone who has cashflows that exceed expenses have more liberties.. but it's not just cashflows, its the whole package of balancing those list items that I outlined above... so in that regard. .you gotta figure it out for ur lil selfie...
Every couple of months or so, with a few mouse clicks, I convert all my accumulated rewards points on my daily use PayPal credit card into bitcoin.
I use the card for all my purchases and is paid off automatically every month with no interest.
Free bitcoin.
Pretty much a no brainer really.
It looks amazing and impressive. But I still don't have a PayPal credit card or the like right now so I can only rely on certain exchanges to exchange all kinds of coins to Bitcoin which I then keep in my wallet.
There is another bit of news posted by
@BTC_Archive where the
US FED says that Cryptocurrencies Present Opportunities to the Whole Financial System.
The Federal Reserve has urged Wall Street to prepare to handle digital assets as the market prepares for the “floodgates” to open for institutional investors, noting there are also associated with the sector.
It's an amorphous blurb that sounds like someone (gov and/or financial peeps?) is expecting an ETF? or some similar kind of bitcoin related financial product to be released into the wild, no?
They cannot be starting to think that bitcoin could be the savior to the economy.. and actually one of the ONLY ways that I would consider bitcoin to be the savior to the whole fucking mess of an economy would be if the US government had been sly-ly accumulating bitcoin (such as accumulating a million or more coins), and they are not likely smart enough (or self-aware enough) to do that, are they?
Poll
