Buy the DIP, and HODL!

[Justbillywitt]

As an example, let's say you have a monthly income of $120, from which you can invest $80 in other activities and the remaining $40 in Bitcoin. have the attitude that you will invest $40 a month regardless of the ups and downs. And if you have other means of earning money then you can increase the rate of Bitcoin investment.

The percentage means making about 35 percent of the total income we make to be invested?
Even though it is a very good thing but we have to keep in mind other situations and conditions because for the initial 35 percent for DCA I think it is quite difficult to do because after all even though maybe for the first week or month it can still be done but of course this will be a little troublesome in terms of consistency because we cannot handle this large amount if our income remains at $120.
I think it's still good enough if we only allocate at least 20 percent-25 percent because it's possible we can still minimize in terms of needs but for 35 percent it could be torturing yourself even though being in bitcoin is a very good thing to do but forcing yourself because you need to remember that this takes a long time at least 4 years or even more so that with a nominal 35 percent of your income it is still very large in my opinion.

I understand what you are saying perfectly. But what I just have to add here is that, since the DCA is for a very long time. Investor should maintain the percentage that gives him some level of comfort. At the beginning he can go a bit aggressive in order to get to certain level of bitcoin in his portfolio. There will come a time when he won't be like that, he won't allocate a higher percentage to his DCA, because there will be some manly responsibilities that will make him to adjust his investment percentage either for few weeks or months.

Let's say staking his partner to vacation, to straighten their relationship, he can decide to reduce the allocation, because he will need to raise money for vacation. So period he won't have to allocate a higher percentage to DCA. There will also come a time that he will even decide to increase the allocation further, maybe he got more resources inflow. Investor don't have to maintain a stable percentage to be invested in bitcoin throughout their accumulation period. Reather it should depend on the level of resources that are flowing into your hand and your responsibilities, that occasionally comes up.

[temple]

I believe not. OR not entirely. "Greed" is only part of the reason, but that's the wrong word to use in my personal opinion. It's because it's in our nature as humans to feel the need to be incentivized, therefore we have an urge to GAMBLE. Plus from the a normie's viewpoint, our investments in Bitcoin is a gamble on a "Ponzi Scheme" caused by greed. Haha.

  ¯\_(ツ)_/¯

Hm no, Bitcoin is not a gamble on a Ponzi Scheme, not in the slightest. I think I know what you mean and that I shouldn't take you literally here (correct me if I am wrong), but Bitcoin offers something real and the surplus value inherent in Bitcoin has not yet been captured by the market, which means that it has plenty potential to grow. Money is always an incentive and I won't deny that, but money is as much an incentive when you invest in a sound real estate as it is when you invest in a sound monetary alternative. If you want to, you could say that investing per se involves an element of gambling, but to me that sounds too superficial and I am sure that's not the the conversation you intend to have.

In gambling people sometimes seek a way to waste time literally. To forget the present and do something that keeps them excited because normal life can't do the job. A Bitcoin investor isn't excited 24/7 I think. It is an exciting topic, but to reach the gambling effect I would have to play "Up or Down" on some gambling site, hoping that my bet on "Up" within the next 30 seconds hits. That's not how I look at Bitcoin.

[Wind_FURY]

I believe not. OR not entirely. "Greed" is only part of the reason, but that's the wrong word to use in my personal opinion. It's because it's in our nature as humans to feel the need to be incentivized, therefore we have an urge to GAMBLE. Plus from the a normie's viewpoint, our investments in Bitcoin is a gamble on a "Ponzi Scheme" caused by greed. Haha.

  ¯\_(ツ)_/¯

Hm no, Bitcoin is not a gamble on a Ponzi Scheme, not in the slightest. I think I know what you mean and that I shouldn't take you literally here (correct me if I am wrong), but Bitcoin offers something real and the surplus value inherent in Bitcoin has not yet been captured by the market, which means that it has plenty potential to grow. Money is always an incentive and I won't deny that, but money is as much an incentive when you invest in a sound real estate as it is when you invest in a sound monetary alternative. If you want to, you could say that investing per se involves an element of gambling, but to me that sounds too superficial and I am sure that's not the the conversation you intend to have.

In gambling people sometimes seek a way to waste time literally. To forget the present and do something that keeps them excited because normal life can't do the job. A Bitcoin investor isn't excited 24/7 I think. It is an exciting topic, but to reach the gambling effect I would have to play "Up or Down" on some gambling site, hoping that my bet on "Up" within the next 30 seconds hits. That's not how I look at Bitcoin.

Ser, read the post again, and please get the actual context. What I said was, from the viewpoint of a normie and/or a person from the traditional banking system, Bitcoin might be considered a "Ponzi" by those people like how we Bitcoin HODLers consider shitcoins.

Plus from a another, more controversial viewpoint, Bitcoin is ACTUALLY a "Ponzi", but a sort of naturally-occurring "Ponzi" LIKE GOLD.

[asarfiar]

Hope everyone bought the dip, might be the last time we see 65k for a while!

Due to lack of funds and dip wise my investment did not come due to which I could not purchase. But I have my dip purchase date on 25,10,2024, because the emergency fund I had is very small. 
So currently could not buy this 65K dip at most, only 2 more days will be available so I can buy the right dip at the right time.

We can take a few approaches to dip bitcoin, be it day, week, month and month after month. There is no mandatory rule that we have to dip bitcoin within a certain period of time. There is nothing to regret about not buying a dip today, because what you lose today, you may gain more tomorrow. As an example, it can be said that today the time of dip purchase was selected, maybe it did not happen due to lack of funds, today it received 20% of its value. On the contrary, it has been observed that it may sink by 30% tomorrow. Because the dip is not for a period of time, it will continue for years and as time goes by we can get the dip as per our convenience.

[Samlucky O]

Snip

Not many take Bitcoin security serious unless they lose Bitcoin by becoming victim of hacking or through other scams. There are many security measures available but it largely depends on how serious your are in securing your Bitcoin. If someone is serious in Bitcoin security then he will defiantly learn ways on how to secure his Bitcoins whether it's 100$ or 100k$. We don't know when our 100$ will become 1000$ because of Bitcoin volatility.

Your bitcoin will obviously turn from $100 to $1k if bitcoin grows by 10x and Morover for $100 bitcoin to grow up to a reasonable amount of $1k will take alot of time because bitcoin is currently $71k and 10x of bitcoin will amount to $710k which is not possible anytime soon. So If you invest $100 and expect it to hit $1k think of when btc price will increase to $710k and above, then your $100 will hit $1k. But with that being said the most important thing in bitcoin investment is to focus on continuous accumulation provides you have your discretion readily available. Because since bitcoin is a long term investment your amount invested determines what you will get in return. Let's assume you invested  $100 every week 5years ago, you will be able to have accumulated approximately $45k worth of bitcoin in your portfolio by now .and if luckily bitcoin hit 10x from now, you may be inbetween $450k ish. Although we must invest according to our Level of discretion and or our financial capacity, but a reasonable amount invested result to a reasonable result. But I don't advise you overdor when there is no Increase in your discretion.

One must keep this in mind that we constantly need to upgrade our security measures all the time.

Sure it's really important. When you think of investment, think of security because whatever has an advantage also has disadvantages.

Hackers are defiantly more interested in 1000$ but that doesn't mean that they will spare 100$. Think from that perspective.    

Hackers don care how much bitcoin you have, they are not specifically into any amount, even $5 is important to them provided there is a possibility of moving it from that wallet.

[$crypto$]

A little more bitcoin ATH, we are a little excited for those who HODL but not now the goal because it is still long to expect big profits, by continuing to do DCA it is still worth it rather than selling early or staying silent.

Maybe you saw your portfolio increase above 50% or even 100% more since DCA started last year, we feel our goal is successful happily but I'm sure you will still HODL until you can afford it maybe until the next cycle.

[MusaPk]

Security the bitcoin investment is the most crucial aspect of the business because without proper security, the whole effort of buying and holding can be brought to ruins. In other words, security of the asset is among the first things everyone should learn before getting started because scammers are becoming very smart and sophisticated these days. Unfortunately, many people still do not take the issue of security seriously just like you have rightly stated. This is the reason we still have people who store their assets in centralized exchanges, forgetting the importance of self-custody.

I don't think that the level of security an investor should employed should depend on the amount invested in bitcoin because every money is important. $100 to some people might be like $1 million for some people so both cases require maximum care to the security of the asset. The first is to learn about self custodian wallets and how not to share secret information to the public. Another is also not to click on random links to avoid phishing and other security threats. There are other measures the investor must employ to remain safe.

Remember the rule "a chain is as strong as its weakest link", in cyber security this weakest link is Human Being. No matter how much security is in place for security of Bitcoin, hackers find there way to Bitcoins mostly because of errors made by human. So that aspect must also be addressed while designing the security pyramid. 

You are likely correct with any kind of suggestion that once a hacker (or person who gets access to another person's keys or wallet or account) has access, the amount may well still be taken whether it is small or large, yet I doubt that there is any real value to attempt to parse out the mentality of any kind of hacker or person who might get ahold of our keys.

It does seem important to spend more effort when more value is at stake or that the value of the loss is greater in the event that someone might get access to our keys or our account.

When a person is brand new to investing into bitcoin, maybe he is ONLY buying $100 or even $10 per week, so in the first few weeks, it could well be safe enough that the amount is saved on some account or even on a hot wallet that is on his phone, yet if the amount grows and grows and grows through ongoing buying and/or through possible BTC price appreciation, it likely becomes more and more important to figure out how to secure the coins in better ways. 

For example, it is difficult to imagine that a person might keep thousands or even $100s of thousands of dollars on his cell phone, unless there were maybe some special and/or limited purpose and time that the large amount would be on the phone.. So maybe a large transaction is going to be made, so the amount on the phone might only be there for a few hours or maybe one day or two at most.  Otherwise, maybe the amount on the phone would be no more than what a person might hold in cash in their physical wallet - which truly would vary depending on the kind of neighborhood that a person lives or hangs out in... some places are more dangerous than other places in regards to physical robberies or other kinds of ways a person might be insecure in their person and/or possessions.

It likely is a good practice to have extra security, like in the case that I mentioned in my above post where some value could go up 10x or even 70x in a relatively short period of time, then extra security might be preferable, yet also justifiable to spend some extra money or even create extra steps to access value... At the same time, it would not make a lot of sense to have such high level security for relatively small amounts, and sometimes normal people might end up making their coins so secure that they end up locking themselves out of their coins or even making it overly difficult or complicated that they may well end up losing their coins forever without anyone being able to help them to recover their coins, so there should be concerns about the negative sides to over security or even how it could become more difficult to pass down coins to heirs in event of death and/or permanent incapacitation.... which those surely are individual concerns about how much security should be taken to make sure that the keys/passwords are able to be passed down.. while potentially not giving access to the coins prior to they are authorized to be accessed.

Security is a mindset that lets you think how to secure your assets. Security doesn't mean that buy and install expensive security devices and you are good to go on internet. There are ways to secure your Bitcoin with minimal or no cost all like securing your keys on your air gap devices  (there are other such ways available also to) and there are mechanism available where you spend money to secure your Bitcoins like buying hardware wallets. It's very important that whatever option one opt, he must fully understand that security of his Bitcoin still lies on shoulder of the owner and one small mistake can cost him his entire savings in Bitcoin.
Security is usually considered an after thought but to me it must be Incorporated from day one of your Bitcoin journey. If you are well trained and capable of securing your 100$ then there is no doubt that you can secure your 1000$ also. 

[Odohu]

A little more bitcoin ATH, we are a little excited for those who HODL but not now the goal because it is still long to expect big profits, by continuing to do DCA it is still worth it rather than selling early or staying silent.

Maybe you saw your portfolio increase above 50% or even 100% more since DCA started last year, we feel our goal is successful happily but I'm sure you will still HODL until you can afford it maybe until the next cycle.

We are really at exciting moment as Bitcoin investors, a moment to be proud of the decision taken when others were doubting. I think this tome have shown those who are truly wise to believe this internet money like Bitcoin is normally called in my neighbourhood.

It is not late to join the party because the current bullish momentum is simply and indication of what is possible in Bitcoin and what the future holds for those who will trust in Bitcoin. Whatever method you are are using to collect Bitcoin, be intentional about it and trust the process because in the future you will look back to this days and congratulate yourself for taking that bold and wonderful decision to forfeit wasteful spending and channelling the money to Bitcoin. Continue building !

[Antonil]

Everyone wants to be profitable. But currently a pump in Bitcoin has shaken the thinking of about 60% of DAC holders. Those who started holding DCA at $38k now have a clear portfolio of around 50%. And they decided not to continue the DCA, but to dissolve it. If you can afford to run DCA, I'd say it's smarter to run DCA rather than lighten your portfolio. Because experts say to continue DCA hold till next cycle.

So let us wait for a maximum ATH of reality without thinking

[MainIbem]

BTC

A little more bitcoin ATH, we are a little excited for those who HODL but not now the goal because it is still long to expect big profits, by continuing to do DCA it is still worth it rather than selling early or staying silent.

Maybe you saw your portfolio increase above 50% or even 100% more since DCA started last year, we feel our goal is successful happily but I'm sure you will still HODL until you can afford it maybe until the next cycle.

Yeah, every holder would be very excited to see their portfolio grow based on the recent increase in price of BTC. I'm pretty sure that some people would be so desperate to take profits maybe based on some circumstances best known to them, however that's nor the goal, as a Bitcoin investor the goal is not to take profits over every upsurge, not even after a new ATH. The goal is to hodl for a longer period about 4-10 years and those who's investment journey is not up to that point shouldn't even make a mistake of selling especially those who recently started few months ago before this recent increase in price. That's why every investor is supposed to have a reserve fund and ab emergency fund so they won't be bothered of taking profits within a short period of investment due to hike in price. At this point it's best to just continue DCAing and wait for a greater profit in future.

[DaNNy001]

Everyone wants to be profitable. But currently a pump in Bitcoin has shaken the thinking of about 60% of DAC holders. Those who started holding DCA at $38k now have a clear portfolio of around 50%. And they decided not to continue the DCA, but to dissolve it. If you can afford to run DCA, I'd say it's smarter to run DCA rather than lighten your portfolio. Because experts say to continue DCA hold till next cycle.

So let us wait for a maximum ATH of reality without thinking

Well I believe if you have decided to sell off part of Bitcoin just because of the current price or advantage to which you have from when you started your Bitcoin investment then I believe it's safe to call you one of the short term investors although it's a personal choice but I feel for you to be able to HODL up this long then you would have gather the sense to know that Bitcoin is actually just starting to stride and this is nowhere compared to the price it's gonna be in the next probably four years or more which is fact because no matter what the price is bound to be green at the end just takes time that all which is something you as an Bitcoin investor should be aware of by now.

I believe what every investor should do at this moment is to build have more that Bitcoin is showing its true feature which positivity despite negative runs, so instead of thinking of slicing your portfolio why not prepare ahead to see when the gets below these prices again and then you BUY that DIP and HODL IT with ofcourse continuity in your normal DCA method or which ever one that rocks your boat.

[Samlucky O]

Everyone wants to be profitable. But currently a pump in Bitcoin has shaken the thinking of about 60% of DAC holders.

Not DAC rather DCA and nothing like DAC holders, rather bitcoin HODLers. DCA is only a strategy to accumulate bitcoin, not the coin itself. Because saying DCA HODLers looks like they are holding DCA instead of bitcoin.

Those who started holding DCA at $38k now have a clear portfolio of around 50%. And they decided not to continue the DCA, but to dissolve it. If you can afford to run DCA, I'd say it's smarter to run DCA rather than lighten your portfolio. Because experts say to continue DCA hold till next cycle.

HODLing bitcoin is a personal goal not by what expert predict. Surely Most so-called experts has misleaded alot of folks. even though it may appear to be true in some what ways, But we must surely not depend on prediction expert to consider time to buy, sell, HODL and period of accumulation or time horizon.

So let us wait for a maximum ATH of reality without thinking

you don't wait for maximum ATH because bitcoin growth is volatile and you never know the maximum ATH bitcoin keep changing from one ATH to another even 100year from now. You can only wait for the period of time you expect to sell your HODLing either 20 or 30 years and above.

[Sim_card]

So let us wait for a maximum ATH of reality without thinking

you don't wait for maximum ATH because bitcoin growth is volatile and you never know the maximum ATH bitcoin keep changing from one ATH to another even 100year from now. You can only wait for the period of time you expect to sell your HODLing either 20 or 30 years and above.

It's good that we see bitcoin price pump and if you are waiting for a new ATH, don't also allow your portfolio to be waiting too, but rather be busy buying and accumulating more bitcoin through regular weekly DCA so that you can be increasing and growing your bitcoin portfolio for the future because, there will always be a new ATH in every four years during the bull run, since bitcoin is still growing and will get more matured in future.

Bitcoin is at 72k+ does not mean that it is too expensive to continue buying as a new investor because a time will come when this price will be called very cheap. Keep your bitcoin accumulation game ongoing.

[Raflesia]

That's just a rough conversation because in the end there is nothing that short when talking about investing so in the end I am still very opposed to some opinions that say that bitcoin is a shortcut to get an instant profit because this mindset is a mindset that does occur for people who sometimes do not know the process and how to be in bitcoin.
The fact that happens in bitcoin is not just buying and holding and selling when you are already profitable, although in outline it may be justified but in the end investment is not that simple and it takes a long time to achieve the realization or goals we want to achieve because for now bitcoin is a bridge for several people including me in smoothing out financial freedom plans so that buying, holding and selling seem trivial to me.

When talking about choices, everything is the same because we cannot classify beginners or old-timers, all have the same rights where the choice is in their own personal hands. It's just that in this case as an initial suggestion of course bitcoin is the right place or the first choice that should be thought of.

We can classify old timers and beginners.

The old timers will give good advise that a beginner shouldn't dive in unprepared but that's how many of us have met Bitcoin.

We've come unprepared but still we learned it eventually. While we pass on those tips, they have the choice to do it as they wish to without knowing that much and in depth understanding of the basics.

For some cases this can be true but in other conditions in fact even though our old people also cannot assume that when we have been in bitcoin for a long time we become more knowledgeable in the end because still in this case learning or doing some discussions is also a benchmark apart from the experience we have considering that not a few people who have even been in bitcoin for a long time they still have complicated and even confused situations so that they cannot distinguish between investment or trading so that in this case even though beginners may have less experience but when talking about learning then everything will be the same so that in the discussion it is not intended to patronize but just sharing in terms of experience only.

On the other hand I think that even though there are a lot of new people they also cannot be said to be unprepared because regardless of new or old of course the benchmark is the plan and goal so that it is the initial preparation in any aspect including in bitcoin.

[ginsan]

It's good that we see bitcoin price pump and if you are waiting for a new ATH, don't also allow your portfolio to be waiting too, but rather be busy buying and accumulating more bitcoin through regular weekly DCA so that you can be increasing and growing your bitcoin portfolio for the future because, there will always be a new ATH in every four years during the bull run, since bitcoin is still growing and will get more matured in future.

Bitcoin is at 72k+ does not mean that it is too expensive to continue buying as a new investor because a time will come when this price will be called very cheap. Keep your bitcoin accumulation game ongoing.

Investors will not be afraid to buy because every day thousands of new investors continue to buy bitcoin. This is where we must learn that those who are weak-handed will be left behind because they choose to sell and that is a big mistake. Investors will continue to buy bitcoin, as long as they have usdt in their portfolio of course they will change it to bitcoin.

Although the price of bitcoin is rising, it is not a reason to be afraid to buy bitcoin because we have to buy bitcoin as a basis for our long-term planning. Every week the price of bitcoin changes and we buy every week so the entry level will vary with the dca strategy.

Yes, according to my estimate, the investment period with DCA must be targeted, for example 5 years, after that we will continue to accumulate more aggressively with a lump sum. I think I will do so if I reach the last accumulation with a 5-year investment target with the following year switching to a lump sum.

[JayJuanGee]

[edited out]

...Plus from a another, more controversial viewpoint, Bitcoin is ACTUALLY a "Ponzi", but a sort of naturally-occurring "Ponzi" LIKE GOLD.

The concept of naturally-occuring ponzi seems to be a perversion of ideas and perhaps not even understanding what is a ponzi scheme, which seems to require centralized entities by nature in order to technically fit into the concept of ponzi scheme in which there seems to be some concealment that the new money is used to pay off the old money and there is no value to the underlying asset/investment.

If we stick with bitcoin, there are network effects that exist, so the longer that we are into bitcoin the more likely that we can advantage from that, and we can sell for way higher prices to newer entrants, yet those are still market forces dictating prices and there are a variety of ways that we can buy and/or sell so our buys/sells are not going through any entity that is manipulating BTC prices.

I don't know what you mean by gold being a natural ponzi, and I doubt it even matters to much in the relevancy of this thread.  Over the years gold has been the most sound of money, yet even gold ended up getting perverted by paper gold, and then gold is hard to move, so bitcoin ends up being different from gold in that it is easy to move, yet we have normies entering into bitcoin contracts in which they are agreeing to not be able to withdraw their bitcoin directly.. such as the proliferation of ETFs, which could create some paper bitcoin dynamics to the extent the third parties might not be required (or enforced) to be having the bitcoin that they claim to have.

Snip

Not many take Bitcoin security serious unless they lose Bitcoin by becoming victim of hacking or through other scams. There are many security measures available but it largely depends on how serious your are in securing your Bitcoin. If someone is serious in Bitcoin security then he will defiantly learn ways on how to secure his Bitcoins whether it's 100$ or 100k$. We don't know when our 100$ will become 1000$ because of Bitcoin volatility.

Your bitcoin will obviously turn from $100 to $1k if bitcoin grows by 10x and Morover for $100 bitcoin to grow up to a reasonable amount of $1k will take alot of time because bitcoin is currently $71k and 10x of bitcoin will amount to $710k which is not possible anytime soon. So If you invest $100 and expect it to hit $1k think of when btc price will increase to $710k and above, then your $100 will hit $1k. But with that being said the most important thing in bitcoin investment is to focus on continuous accumulation provides you have your discretion readily available. Because since bitcoin is a long term investment your amount invested determines what you will get in return. Let's assume you invested  $100 every week 5years ago, you will be able to have accumulated approximately $45k worth of bitcoin in your portfolio by now .and if luckily bitcoin hit 10x from now, you may be inbetween $450k ish. Although we must invest according to our Level of discretion and or our financial capacity, but a reasonable amount invested result to a reasonable result. But I don't advise you overdor when there is no Increase in your discretion.

Sure, we might proclaim that it is difficult for BTC prices to 10x from our current price, yet there may well be guys who had bitcoin in 2022, and there were periods in which the BTC price was below $20k, so going up 10x from $20k is around $200k.  Another thing is that we might continuing to add to the value of our BTC, and even your example actually showed $21.4k invested over 5 years, and so the quantity of BTC accumulated would have had been 0.6663, which has a 200 WMA value of about $27k, but has a BTC spot price value of nearly $49k, and yeah, we like to go by the spot price value since that would be the price we would get if we sold right away or if a hacker took our coins how much he would be able to receive for our stash.

When we are assessing the value of our BTC stash and considering how we might hold our coins, we might also need to consider that they may well be changing in value, and they may well be worth way more than the value we put in, and also we might become even more nervous if (when) our coins become way more valuable than any other assets that we own and perhaps way greater than all of our other assets put together.. which is making us more nervous about how to protect our coins or what security measures to take or maybe even questioning whether we might feel some need to diversify out of our BTC investment with nervousness of having so much value within one asset class.

I woudl not suggest that the answers and/or the balancing are easy, but it can be good to account for a variety of scenarios including considering how changes in price (likely or less likely) could also affect the value of our BTC holdings.

One must keep this in mind that we constantly need to upgrade our security measures all the time.

Sure it's really important. When you think of investment, think of security because whatever has an advantage also has disadvantages.

Sure there are balancing of tradeoffs, yet sometimes the benefits will out weigh the costs, so we cannot treat all balancings as if they were equal or "damned if you do" and "damned if you don't" kind of thinking, since there probably are preferred courses, of action for people based on their particulars, even though I am not going to know your details and you are not going to know mine unless we share some of the particulars.

Hackers are defiantly more interested in 1000$ but that doesn't mean that they will spare 100$. Think from that perspective.    

Hackers don care how much bitcoin you have, they are not specifically into any amount, even $5 is important to them provided there is a possibility of moving it from that wallet.

Some hackers (or attackers) are going to be more blind than others, so we cannot necessarily know in advance regarding how much information a hacker might have and how far the hacker might have been able to see within our transactions and/or our wallet prior to attacking, so if they know how much is at stake, then they might be inspired to hack or not hack based on that information.., and if they know the level of the security, or if they know something would be relatively easy to break into, then they might not know how much is in the wallet, yet once they are in, then they would just take whatever is in the wallet, yet prior to breaking in they might not know if the amount is going to be $5 or $50k.

Surely some of our security might be to keep some funds separate and with higher level of security and potentially more hoops to jump through before being able to access those funds, and then we might have medium level and then more hot wallets.  So we might have 3 or more levels of wallets and/or funds.  We also might not share information regarding how much we have in each of our funds, yet sometimes if we are interacting with another person, there may be some abilities to see our transactions, so we might want to make sure that we are spending from UTXOs that don't overly expose our wallet sizes.

Maybe I have 20 or more different addresses that are in 6 or more wallets that might be something like this:

Wallet 1) has 6 addresses with varying amount of between 0.15 BTC and 0.5 BTC in each of the addresses (perhaps a cold wallet with higher security)

Wallet 2) has 6 different addresses with varying amounts with between 0.001 BTC and 0.1 BTC  (perhaps medium security wallets)

Wallet 3 & 4 ) has 4 different addresses with custodial and non custodial  amounts between 0.002 BTC and .02 BTC  (quasi-hot wallets)

Wallet 5 & 6) has 4 lightning addresses with custodial and non custodial amounts between 0.0001 BTC and .01 BTC  (quasi-hot wallets)

I think that security is going to be different with each of the classes of wallets, and if the person is transacting with a stranger, he might move from one wallet to another or he might already have an address that he has determined to be adequate for the transaction with the stranger.  Of course, if he is buying a big ticket item, then that might be different from a low ticket item, and if he is spending most if not all of the BTC in the address, then the person might not know about his other addresses, only the one that he chose to use... so he might not want to use one of his cold wallets if he is buying a low ticket item since then the person engaged int he transaction might be able to see how much BTC was in his spending wallet and how much change he received.

A little more bitcoin ATH, we are a little excited for those who HODL but not now the goal because it is still long to expect big profits, by continuing to do DCA it is still worth it rather than selling early or staying silent.

Maybe you saw your portfolio increase above 50% or even 100% more since DCA started last year, we feel our goal is successful happily but I'm sure you will still HODL until you can afford it maybe until the next cycle.

I know that guys were batting around long term versus short term investing, and surely if we are considering ourselves to be investors, then at minimum we would be investing, and the shortest that we might invest would be 4-10 years, so 4-10 years might be short term investing and greater than 10 years would be long term investing.

So yeah, if there are ideas about whether or not you are in profits, and you have not even gotten through a whole cycle, then you are likely trading rather than investing, and bitcoin seems more like a long term investment rather than a trade, and the only reasons that guys might be able to do short term investing rather than long term investing is based on health and/or age considerations.. so there should be no compelling motivation to just get out of the investment based on profits that might come in less than a cycle... so surely there could be guys who have average cost per BTC that are decently below $30k and who have ONLY been in BTC for 2-3 years, and maybe they are contemplating taking profits because they are 2x or 2.5x up on their investment (their trade), and surely those seem like short-sighted decisions, even though surely guys are tempted to engage in such short term plays.. and hopefully they don't end up regretting selling too much too soon and also failing/refusing to sufficiently and/or adequately continue to build their BTC stash size.

Everyone wants to be profitable. But currently a pump in Bitcoin has shaken the thinking of about 60% of DAC holders. Those who started holding DCA at $38k now have a clear portfolio of around 50%. And they decided not to continue the DCA, but to dissolve it. If you can afford to run DCA, I'd say it's smarter to run DCA rather than lighten your portfolio. Because experts say to continue DCA hold till next cycle.

So let us wait for a maximum ATH of reality without thinking

Yep.  You describe a somewhat common error in which newbies make such mistake to discontinue or to lighten their DCA amounts, and there surely are risks in going down that path, including that they end up failing/refusing to sufficiently and adequately stack enough sats.. and they may also end up fomo buying at way higher prices, especially if the BTC price goes up and fails/refuses to come back down as they may well were anticipating it to do, and they ONLY have themselves to blame for such a gambling mindset that tries to outsmart the BTC price.. .. and then they end up with way fewer BTC than they should have or could have had.

[As-Soon-As]

Yeah, every holder would be very excited to see their portfolio grow based on the recent increase in price of BTC. I'm pretty sure that some people would be so desperate to take profits maybe based on some circumstances best known to them, however that's nor the goal, as a Bitcoin investor the goal is not to take profits over every upsurge, not even after a new ATH. The goal is to hodl for a longer period about 4-10 years and those who's investment journey is not up to that point shouldn't even make a mistake of selling especially those who recently started few months ago before this recent increase in price. That's why every investor is supposed to have a reserve fund and ab emergency fund so they won't be bothered of taking profits within a short period of investment due to hike in price. At this point it's best to just continue DCAing and wait for a greater profit in future.

Have you noticed how much of his plan there is no way that person can go outside of his plan?  Because if you plan to hold Bitcoin for 10 or 15 years in the future, it's definitely better to go ahead with the plan. Because if you start holding through Bitcoin DCA method in few years your holding will increase several times. So the more you get hooked on the Bitcoin DCA method, the more likely you are to profit and the heavier the portfolio will be. If you average 10% to 12% on the price of Bitcoin every year then you can definitely keep your good investment. This is why holding through the DCA method is the easiest and because the past Bitcoin price growth and future plans will definitely attract you to invest.

[laijsica]

Everyone wants to be profitable. But currently a pump in Bitcoin has shaken the thinking of about 60% of DAC holders. Those who started holding DCA at $38k now have a clear portfolio of around 50%. And they decided not to continue the DCA, but to dissolve it. If you can afford to run DCA, I'd say it's smarter to run DCA rather than lighten your portfolio. Because experts say to continue DCA hold till next cycle.

So let us wait for a maximum ATH of reality without thinking

Yep.  You describe a somewhat common error in which newbies make such mistake to discontinue or to lighten their DCA amounts, and there surely are risks in going down that path, including that they end up failing/refusing to sufficiently and adequately stack enough sats.. and they may also end up fomo buying at way higher prices, especially if the BTC price goes up and fails/refuses to come back down as they may well were anticipating it to do, and they ONLY have themselves to blame for such a gambling mindset that tries to outsmart the BTC price.. .. and then they end up with way fewer BTC than they should have or could have had.

I think a DCA folk should focus on accumulating bitcoin regularly rather than focusing too much on the price so that he doesn't get hit by the investment-destroying tendency called FOMO. An investor can reach his desired point by holding bitcoins and running for a few cycles regularly. I've noticed in bull markets that people aren't showing much inclination to sell. Through investment advice with experienced Bitcoin investors around me, I understand that most target holdings above $100k.

With the help of DCA method an investor can expect to reduce investment risk as well as a huge stack and portfolio growth with alternative income over time. Some small investors may suffer from FOMO during price surges which may hold them back from holding more Bitcoins Every investor should make a habit of depositing Bitcoins at regular intervals regardless of the price.

[Wind_FURY]

Everyone wants to be profitable. But currently a pump in Bitcoin has shaken the thinking of about 60% of DAC holders. Those who started holding DCA at $38k now have a clear portfolio of around 50%. And they decided not to continue the DCA, but to dissolve it. If you can afford to run DCA, I'd say it's smarter to run DCA rather than lighten your portfolio. Because experts say to continue DCA hold till next cycle.

I believe for those people, they could still continue to buy every small DIP/discount now that it's becoming VERY obvious that Bitcoin is back to surging to ATH after another ATH.

JayJuanGee, is this the actual moment where we could truly say that Bitcoin will NEVER crash below $50,000 again?
But I'm not going to say it out of avoiding any "superstitious events".

So let us wait for a maximum ATH of reality without thinking

That's probably going to be $300,000 per Bitcoin this cycle, and that's not my most bullish prediction.

[bubilas]

Everyone wants to be profitable. But currently a pump in Bitcoin has shaken the thinking of about 60% of DAC holders. Those who started holding DCA at $38k now have a clear portfolio of around 50%. And they decided not to continue the DCA, but to dissolve it. If you can afford to run DCA, I'd say it's smarter to run DCA rather than lighten your portfolio. Because experts say to continue DCA hold till next cycle.

I believe for those people, they could still continue to buy every small DIP/discount now that it's becoming VERY obvious that Bitcoin is back to surging to ATH after another ATH.

JayJuanGee, is this the actual moment where we could truly say that Bitcoin will NEVER crash below $50,000 again?
But I'm not going to say it out of avoiding any "superstitious events".

So let us wait for a maximum ATH of reality without thinking

That's probably going to be $300,000 per Bitcoin this cycle, and that's not my most bullish prediction.

The situation really looks like you won't be able to see Bitcoin at 50k unless a "black swan" happens. But I'm sure everything will be fine. It's very funny how we discussed in early October how likely it was that it would become another green UPtober, and now Bitcoin is a few hundred dollars away from the old ATH (it seems like Binance has recorded a maximum of 73.777).
Lets continue to accumulate according to DCA. And someone can say that now is the maximum of price, but soon it will be the minimum, we have 100k ahead.