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 .
Wow!!! I am having trouble figuring out if you learned your lesson or not. I am getting the sense that you have not learned your lesson since you are trying to suggest and even explain the ups and downs of what you had ended up doing as if there was some benefit in it, even if we might conjecture that there may well could have had been unrealized potential benefit.
Part of the problem continues to be desires that you (and potentially others) have to gamble with one of the best if not best of assets (opportunities) that is available to normies who are fortunate enough to have discretionary funds. A large number of folks struggle to generate discretionary funds. I would think that the greatness of bitcoin should motivate folks to accumulate it through certain kinds of means related to buying only so that they can be sure to be ongoingly building up its quantity rather than taking chances in regards to whether or not they are building up its quantity, which especially comes whenever selling is included into the bitcoin accumulation practices.
By the way, did you ever attempt to figure out what your level of bitcoin would have had been if you stayed focused on ONLY buying bitcoin as soon as you figured out that bitcoin was something to accumulate. I understand that you are proclaiming that you were not quite unlost around the time of your forum registration in August 2023, yet you seemed to indicate that at some point, you began to recognize the value of accumulating bitcoin - yet I am still getting the sense that you are lost in regards to the ways that you are going about bitcoin accumulation, whether trading and maybe you would still go back to shitcoins if you were to conclude that some shitcoin might come available in which you perceive that putting value into that shitcoin (rather than staying focused on directly accumulating bitcoin) might end up allowing you to accumulate more bitcoin than a direct buying of bitcoin approach.
It is like you are ongoingly choosing to miss the downside potential of fucking around with trading and/or shitcoins, and perhaps you would get bored if you were to force ur lil selfie to stay focused on ongoing buying of bitcoin only. It is like you are too smart (or think that you are too smart) for your own good... and I doubt that it really pans out to continue to fuck around trying to time tops and bottoms for the first several years (perhaps 4 or more) that guys are in bitcoin... and there are guys who have been in bitcoin for years and years and years, and they continue to have fun staying poor and continue to be involved in buying and/or selling of bitcoin because they continue to fail/refuse to spend a whole solid 4-ish years accumulating bitcoin through buying only.
Sure, it is possible that I might not be correct in regards to a need for newbies, no coiners, low coiners and guys who perceive themselves as still needing more coin to ongoingly focus on accumulating their bitcoin through buying only.. and that selling is not a good practice for guys who need to (or want to) accumulate more bitcoin.
Of course, you can do what you want, yet if you are posting about it and trying to suggest that you are engaged in some kind of a good practice or even to suggest that there might be some replicability in the ways that you are working towards building your bitcoin stash, then surely you are going to end up getting push back from guys like me.
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.
What do you mean? You said that this year you were going to try to accumulate as much bitcoin as you can.
You also said that you did the same thing at the beginning of 2025.
Accordingly, I was just asking if you had transitioned into a buying only approach to accumulating bitcoin, yet it seems that you have not.
I don't see what it is that I missed about November and December? I am suggesting that guys who do not have enough coins should just be ongoingly accumulating bitcoin through buying, and so there tends to be some value in buying as the the BTC price goes down, especially if the BTC price stops going down - yet there is no real way to know if the BTC price is going to stop going down.. and none of those price matters should matters to guys who are in their early bitcoin accumulation phases.
Surely guys like me proclaim to have already gone through most of our bitcoin accumulation stages, so I have not really been claiming to be in my accumulation phase since 2014 - yet at the same time, I continued to inject new value into bitcoin in 2015 and even into 2016 - even though perhaps by the time that we got to 2017, I did not have as many instances in which I was injecting new value into bitcoin - which could be a sign that I had both considered myself mostly through my bitcoin accumulation phase and that my practices also mostly reflected such status.. Yet at the same time, I have had some bouts in which I had injected some new value into bitcoin, including the 2022 price drop, especially when I was coming close to running out of money (that was already in my bitcoin investing system) in about mid 2022 when the BTC price dropped down to about $19k and it had a spike down to $17.5k-ish but I did not buy at that particular spike down because I was regrouping.. and so from mid 2022 to about late 2022 (when BTC prices finally reached their lowest of lows at $15,479 in November), I had injected some new value into bitcoin during that time.
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
Ok. Perhaps you are making some progress to transition yourself from a trading mindset into an investing mindset.
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..
O.k. Fair enough.
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 …
I imagine that many guys come into bitcoin without necessarily a straight DCA approach in which they have invested steady for the whole time, since if you had already been in bitcoin, then you might have had some points that you put more value in and then maybe you have your income and then you draw from your income and then maybe you might have some other funds that you consider whether or not to add to your bitcoin or alternatively to just keep those other funds where they are at... so the beginning journey in regards to starting to focus on buying only might take time to really get into the groove, to the extent that you are not prone to relapsing.
Sometimes you can just look at a standard DCA approach in order to attempt to compare where you are at relative to the standard DCA approach.
So for example, a person who might have had started investing in bitcoin around July 1, 2024 at a steady rate of $100 per week would have had invested about $8k up until now and would have had accumulated about 0.091 BTC, which is about break-even right now.. so yeah, sometimes if we make mistakes, then our own holdings might have slightly worse measures as compared with a standard and steady rate of bitcoin buying... yet I still imagine that if many guys attempt to get on track fairly early in their bitcoin journey then by 4 years, their average cost per BTC would be right around the 200-WMA and then surely by 6 or 8 years, then the average cost per BTC should be quite a bit lower than the 200-WMA.. perhaps even 50% of the 200WMA.. We cannot exactly know, and surely guys have irregularities in the amount of money they have coming available that can be put into bitcoin and if they are young or in their earlier years where they can get job (income) promotions, then they might end up being able to increase the amounts that they are able to put into bitcoin with the passage of time.. so even a guy who starts at $100 per week, he might end up progressing to quite a bit higher amounts, especially if he had simultaneously strengthened his cashflow management systems/practices along the way, too.
Unless a guy is really able to front load his bitcoin investment within his first whole cycle of investing, I expect that many guys will have to stay in accumulation mode for longer than a whole cycle and two cycles would not be unusual, even guys who are ready, willing and able to invest fairly aggressively at something close to 25% of their income.
I think you got more coin than me (I think it was 0.21 or so), so you should be the one to adopt someone
He's much richer than that! At least 3 times as much, I suspect (although he never actually admitted to 0.63).
EDIT Oops posted to soon... the man himself chimed in.
Yep... some times we say too much, and yeah there had been some points that I had suggested to having at least 0.63 BTC... so there could be questions regarding whether those kinds of admission could end up coming back to bite us.
It seems that sometimes if we are trying to retain some meaning in our discussions, we might have to throw out some numbers and sometimes even suggest that we have some personal experiences around the topics that we discuss - even if sometimes we also might attempt to extrapolate too.
So sometimes a guy with 0.63 BTC might extrapolate 10x (such as 6.3 BTC) or some other number in order to relate with some of the ideas being discussed (and the extent to which we might strive to make our numbers somewhat tangible and/or relatable).
I think you got more coin than me (I think it was 0.21 or so), so you should be the one to adopt someone
He's much richer than that! At least 3 times as much, I suspect (although he never actually admitted to 0.63).
EDIT Oops posted to soon... the man himself chimed in.
yes, I remember when he tried to impress everyone with his 0.63 BTC... does he think we are stupid??? nobody has that much Bitcoin in the WO!!
I do maybe 1.26 or so.
Silver sales still strong and allowing me to add more corn.
Remember when mindrust proclaimed that he had achieved 10 BTC, and the price would have had been around $5,500 at that time, yet he ended up saying that he had sold them all within less than 24 hours of his declaration, which his sale would have had been around $4,500.
It is hard for guys to hang onto bitcoin, even when he proclaims to be trying to do so.
So gosh. Maybe 10 BTC at $4,500 or $5,500 is not much less than 1.26 BTC in these here times.
Part of the reason that specific numbers are important relate to being able to potentially talk about them in terms of if they might be enough or more than enough.
I would argue that
right now, 1.26 BTC would sustainably support an annual income of $7,165, which would ONLY be $600 per month, which is not really enough to live off of, even though it could supplement other income.. so yeah, I think that many of us would like to be able to get to and/or to maintain some kind of a status to have sustainable income from our investments, whether it is bitcoin alone or bitcoin along with some other sources of income.
So if we can get our bitcoin stash up to a high enough amount or even to exceed the targeted amount that we would like to be able sustainably withdraw from it, then there may well be some sense of accomplishment in regards to the pay off of our having had spent time accumulating bitcoin and/or perhaps maintaining it while we were waiting for the amount to be enough to be sustainably withdrawn.. .. and yeah, I hate to impose my values on others (even though I don't) - even though there are guys who seem to not be able to get out of the mindset of either transitioning their bitcoin into another asset and/or consuming it.. which seem to be inferior approaches in regards to what to do with our
playing with our bitcoin, from my point of view.
10x Vegeta is back
It was almost exactly 6 years ago when I won LFC_Bitcoin's Vegeta game (price rebounding to $9,000/BTC).
So, price does a Vegeta-style 10x in 6 years. By extrapolation, it will reach $1M/BTC around $2032.
Quite a reasonable, realistic prediction, I would think.
...and 6 years prior to that the price was about 900 (1/10 of 9000)...interesting...perhaps Jan 2 is some "magical spot", price-wise.
Let's look at it on Jan 2, 2032...if the place or most of us is/are still around.
Even though, sure, it could be that the BTC price is in the ballpark of $900k in 6 years, yet at the same time, I somewhat hate to be a party poop, since I think that there is some justification in an expectation of diminishing returns.
Poll
