@Hueristic….Grats on the new choppers bro.
He crashed his chopper into a tree, and he got new chompers.
#justsayingHello WOrld.
Pleased to announce the resumption of my WCA, weed cost averaging, wherein one matches weed buys with corn buys. Seems like a bargain right now.
Doesn't necessarily seem like a bad idea.. although I would be a bit more biased towards bitcoin, and maybe even something like 20 to 1 but without you saying, I cannot really have any meaningful clues about everything in your budget.
In my opinion, the more than likely outcome is that a spot BTC ETF will be approved, which opens up an onramp of demand into the ecosystem.
Tell us something that we don't know. It should be more like a question or when rather than if, no?
I suppose the counterpoint is that, 'they' have already bought enough supply to dump on all of our heads, after the new demand comes pouring in? Who had the weak hands?
Sometimes it is hard to know what they are doing exactly in terms of their own BTC accumulation or various ways to attempt to manipulate the BTC price in order to potentially profit to the extent that they are even able to manipulate the price. I believe manipulation happens, but it likely is not the main thing that is going on but instead maybe some thing that can take place on the margins.
But my main point, besides buddy blocking, is asking how or if, a selling ladder and DCA coexist.
I am not very confident in the idea of employing any kind of selling until you have already spent quite a bit of time accumulating, and so if you do employ any amount of selling, then just be extra careful regarding how much you are selling, especially if your overall goal is to accumulate bitcoin, and part of my concern is that selling is not generally a very good way of accumulating.. so you have to be careful that you either sell or you fail to buy when your goals are to accumulate, and then you end up having to buy more at a higher price and get less because you failed/refused to sufficiently accumulate enough BTC.
And, maybe we need to know more particulars about you, and sure you can speak in terms of hypotheticals, but your forum registration date is not very old, so even if you have been accumulating BTC for a year at $100 per week, you still might not have a very large BTC stash (that would be $5,200 for a whole year or 52 weeks worth of accumulation), and seems to early to be thinking about selling unless you got in a few years ago.
In the end, you might need to give more specifics. Let's say for example, you have an annual income of about $30k per year, and you feel that you are able to invest $100 to $200 per week, and yeah those would be pretty high levels (considering that you also have an emergency fund that might have had already been created.. and do you have any other investments), but if we just go with a strict BTC accumulation practice, it still could take you 3-5 years to get your investment portfolio up to your yearly income, and I am not even sure if that would be a great time to feel like you might be able to employ some sell ladders.. because the sell ladder kind of presumes that you have gotten to a level of overaccumulation, and sure it is possible to get to a feeling of overaccumulation if you got a years worth of income in BTC and you do not have any other investments, so I am not going to proclaim that you might not want to employ sell ladders if you are not feeling sufficiently diversified (and I am not referring to shitcoins in terms of diversification, but instead other kinds of traditional asset classes such as property, equities, commodities, bonds, cash and/or cash equivalents).
Perhaps the obvious answer is to continually update one's ladder?
The answer is more about position size and perhaps degrees of BTC price movement rather than moving them around, yet frequently there is going to likely be more fucking around with moving ladders when you have a tight budget and you are trying to get the max out of any kinds of strategies that you are employing.. whether we are talking about moving ladders on the way down or on the way up.. .whether we are talking about size of orders, spreads between buying and selling, or increments between orders.
By the way, the more that I think about this, the more I think that if you are in early BTC accumulation stages, and if you are going to try to fuck around with sell ladders, then you almost have to have a fund that is quite separate for this. So let's say that in your whole bitcoin journey you have accumulated 0.21 BTC, then how much you sell on the way up would be limited by the size of your budget, but if you are continuing to DCA at the same time, then in some sense you might start to think that your buying of BTC is just cancelling out your sells, so why sell in the first place?.. just figure out your buys.. and maybe just sell when there are really extreme uppities, but still only sell a little bit that relate to selling a portion of the profits (not the principle) and making sure that the BTC price goes up a certain amount before you sell (maybe even in the ballpark of 30% to 50%, and only sell a small amount.. something like 1-3% at most.. but you also have to be able to live with the fact that the BTC price might not end up correcting lower than the price that you had sold, so that is an ongoing risk for which you need to account in regards to both your position size and how much of a rise you need before you shave off any BTC)
And one more thing, how does not your keys not your coins coexist with not your digital numbers on a screen not your dollars, when keeping dollars on an exchange ready to buy the dip?
It's the same idea, no matter how you are keeping value on an exchange, you have to consider that barriers could be put in place before you are able to withdraw it, and personally I am not against keeping some value on exchanges, but you have to be careful in regards towards realizing that it could get frozen or rug pulled and you might not have access to it for a long time or even ever in the worser case scenarios that sometimes end up playing out.
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