Jan sucked for me, first in about 10 years I had to pause all saving and investing, even my dca here. I didn’t have to sell but was barely able to keep my head above water. I feel like I need to let WO know I fell off the buying wagon however back in the game for Feb. Good luck all, and reminder rl takes priority
I hope it gets better for you in February but I think a lot of us in WO have had to take breaks to avoid losses or mental health breaks because it can sometimes get to you. DCA is a good tactic but when you continue to see the price fall which we have seen for a while it can get to you. I invested a decent part of my savings and I have my ups and downs. Some days I am very positive even if the price has gone down but other days it gets to me. I have made sure that I have to jump through
I have never really liked the 2x per year claims because it just does not seem accurate or even representative in regards to how the portfolios of many longer term bitcoiners seems to play out... and we also know that it is much easier to 2x a small number as compared to a larger number... ..
I do not think it is easier or harder to x2 if the price doubles then you are going to get a 2x return if you have a $1 or $1000 invested but I think that there is more pressure the more money you have invested especially when you have invested a large % of your net worth. I think there is a risk to this because a lot of people cannot stop themselves from taking money out when they see a profit so they might see a x0.3 increase and take it out even if their target was x2 because that pressure and fear of missing the top is real. I think that is the only thing that makes it harder is the pressure but some people can turn that off. I think you might be 1 of those people you seem to be a real believer in dca and I have seen you give financial advise for months and it is always positive. I think you might be 1 of those special people that can turn the pressure off and just follow your belief to the end. I think I have got better at this but I still need reassurance from my wife and the support of her when things get tough.
so even if it is possible that bitcoin continues to have decently high rates of returns that approach 2x per year, it just seems healthier not to be projecting out or expecting those kinds of numbers - even though one of the rationals for using such a straight-line trajectory does come from our ongoing low level of adoption and how long it has been taking to even get above 1% adoption... so that would be a rationale that justifies more bullish trajectories of future bitcoin prices.
It is not realistic to expect x2 every year. btc would not be a currency if we saw x2 every year for the next 20 years because it would be something that investors gamble on and people would not want to spend their btc because in a years time they think it will double. I agree I think it is unhealthy for the btc network to expect such rises and we know from history that these rises have corrections and they come with big falls which mean a lot of people can lose a lot of money very quickly.
I am not completely innocent in my own trajectories, and even within weeks of
my posting my December 28, 2021 FU status trajectory chart that was using about a 75% per year price trajectory (37.5% per half year), I was feeling guilty regarding my use of a straight line trajectory that is so bullish and I was considering that it may be better to start out with higher numbers (percentages) earlier in bitcoin's history and then to tapper off such numbers with the passage of time, so I had been considering if there might be ways that I could include a formula (or to re-jigger my charts) in order to include a kind of tapering formula (rather than a straight-line formula).
I appreciate you showing your mortality. I started to expect you were the most positive investor here. I try to be positive and I think a lot of other members are trying to remain positive but the last few months have been difficult for all of us and we see people starting to struggle with every day life and not just btc which means they might have to dig into their investment which could mean losses because btc is down.
Well? maybe I can give you some numbers?.. $100 per week? Is that a reasonable starting place?
I will say it should not be a fixed amount but what ever you can afford to invest. Many people are living paycheck to paycheck and only have a small amount left over every month. Youngsters are the ones which do not have many cash flow because they have yet to accumulate it. $100 might be to steep for a lot of people but if you can afford $100 I think it is a great start.
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