None of that sounds like DCAing, even though guys could DCA in order to establish a bitcoin position and then later on sell that position, yet DCA usually applies better to investing rather than to trading because with DCA there is a bit of a blindness to the BTC price since there is both an assumption that in the longer term (such as the period of the investment), the BTC price would generally trend up so that the holdings would ultimately end up in profits, so then by the time selling might later be triggered, the concern might not be so much regarding the extent of the profits, but instead how much BTC had been accumulated that would then give more financial options.
Maybe but here’s the thing.. I started DCA around April and continue until that October trend.. Not that I lost my capital though, it’s just that after I bought back at $75k my stash dropped a little..
Yeah.. I tried trading it but (buying and here’s how I lost little stash:
April ~ August => HODL
Sold @69k then bought back around 55k that same August, not upto a week.. profit with the $13k difference in price.
Continue holding and DCAing for another 2 months.. but I had a sell limit at $69k
Sold now @60k(bad timing, I was just greedy though, there was no indicator to sell
) hoping to buy back at 53k but then it never happened so I bought back at $75k with a difference of $15k from where I sold. So I lost a little stash due to 2k difference in price..
After that, I completely just DCA, buy Dips and HODL .
Perhaps you are saying that at some point (perhaps starting in early 2025 - for your 2025 New Year's resolution?), you transitioned into a buying ONLY approach - where you were no longer trying to trade dee cornz?
Yeah but you missed November ~ December, most was $90k~$95k.
You likely know my own philosophy and views that I try to repeatedly emphasize a suggestion that guys who are in their whole first cycle of being involved in bitcoin should be focusing on buying only.. and even my suggestion that selling BTC does not really come into play until guys reach overaccumulation status, since selling bitcoin does not seem like a good strategy for guys who are intending to accumulate bitcoin or who calculate that they do not have enough bitcoin. ..
So, I personally have a hard time figuring out how guys who want to accumulate bitcoin could make progress in their bitcoin accumulation (or their stack size) if they are mixing both buying and selling rather than staying focused on buying only practices.
I was coming from a trading background.. although I didn’t generally consider just selling high and buying low as core trading but it’s still trading..
It wasn’t worth it anyways so I just stick to buying continuously till I get enough to start shaving
Surely there could be some guys who are able to outperform buy only techniques in the short-to-medium term, yet if we are looking 6-8 or more years in the future, I doubt that there are any replicable trading strategies that would end up beating strategies that stay focused on ongoing buying and holding.
Figured that out too..
Maybe, at best, you ONLY have 1 year of accumulating bitcoin? and so the beginning of 2025 would not have had been as good of a time to get started investing in bitcoin and buying only, as compared to starting earlier.. yet still guys end up having to start their investment (to the extent that they do it) at some point.. yet if they had ended up starting at or towards a top, then it could take longer before the holdings get clearly into profits.. which is also part of the rationale to continue to stay focused on buying only for 4 years or longer, even though there could have had been some high price times within the 4-years that might make it harder for the BTC holdings to be in profits.
Yes it wasn’t because I’m still in loss for now but I still had almost half a year accumulation in 2024 …
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