According to what I have learnt so far the reason for DCA is to relieve or save yourself from the stress of not knowing when to buy, since bitcoin is volatile The practice changes at any given time so now the DCa help you to buy
Btc at any given time basically weekly. Sometimes you
May buy when the price is low and also by when the price is high. When you buy in some week it is low you are indirectly replenishing the lost value when you bought higher. So DCA is the best sofar in investment strategy it's a middle man between dip and HODL and lump-sum.
DCA is definitely a great collaborative tool, but it's very difficult to use it properly. The reason is that most people make mistakes in regular investment. In this case, it seems to me that there is no problem with the DCA method, the problem is with our decision here.
In order to invest in Bitcoin using the DCA method, you must first have an income source. If you don't have an income source, it will be difficult to hold the investment for long. You spend the money you need and invest some of the remaining money in the DCA method on a monthly or weekly basis. You should continue investing with DCA method for long time. You will invest according to your ability. If you can't invest long time with DCA method then you won't be successful.
Well. Not only do you need an income source, you need income that exceeds your expenses, and you can only invest with the money that is excess of your expenses, and if you do not follow such guidelines, you are gambling rather than investing.
Yeah, sure it is possible to go through periods in which you do not have an income source, but in those cases, you need to have to have reserves that either come from prior income sources or from some other way that you had accumulated (and/or received) those kinds of reserves.. yet even if you happen to have reserves, you still have to figure out the parameters of you expenses in order to know how much of that you would be able to invest into bitcoin.
There is another kind of exception of someone who has pretty much already achieved fuck you status or close to fuck you status in some other asset, and those people would not necessarily need any other source of income, but they could transfer that value or some portion of that value into bitcoin and then be able to live off of the appreciation of the value of that income.. which surely I would suggest valuating the extent to which you have reached fuck you status by use of the 200-WMA rather than going off of BTC's spot price, in order that you can recognize and appreciate that you are not overly valuating your BTC - since the 200-WMA is a bottom price that does not bounce around as much as BTC's spot price (ideas I discuss in
my sustainable withdrawal thread).
It is not as hard as you are wanting to make it out to be.
Just get started.. $10 per week or whatever you can afford, and then look at the matter 10 years from now and see where you are at.
It can not be said hard to start, invest, or afford. I can say stay with "regularity or continue" then 10th years or something. The real problem arises when someone stops investing after a few months.
Why would stopping be a problem? 1) You mean stopping by selling your holdings or 2) stopping by discontinuing to add to your investment into BTC?
Probably you mean the first one.
Yeah, selling too much too soon is a potential problem, but people still may well profit from those kinds of decision, yet they profit less than they probably could have had profited by just sticking with their BTC investment.
Like in your case, you had bought bitcoin earlier and you did not stick with your plan and instead you sold everything and then you failed/refused to get back in.. so yeah, that was likely an example of your own short-sightedness and your likely ongoing failure/refusal to learn the right lessons from your earlier mistake.
Members of this forum can ONLY help you so much. YOu have to figure out ways to help yourself by developing some kind of a reasonable/prudent plan that works for you so that you can continue to invest into bitcoin for then next 10 years or more.. and yeah, if you cannot get your shit together and figure out how to accomplish that, then you are the ONLY one who is going to be hurt by that .. perhaps you and your family.. but anyhow, 10 years down the road, no one else is going to give any shits if you failed/refused to buy bitcoin, even though you learned about bitcoin in these times but you still failed/refused to invest in it..
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it's not always an easy thing to start up investing and sometimes people wile away a good amount of time trying to figure out when best to start buying. the best thing you can do for yourself is to first start and along the line you will see how things goes for yourself.
Maybe your first few months into your accumulation might not follow the best order and you might probably not buy at the best rate or with the right amount but the reality is that you learn more by doing rather than wishing or making multiple plans that end up not being executed. Like boss JJG rightly said, it's not a complex thing as some people are taking it, you just have to start somewhere even though it's as low as $10 or $100 depending on what's convenient for you. Thier is this feeling that's associated with seeing real result which will help you accumulate more. As long as you've started already, thier is a high probability that you will likely accumulate more but if you're yet to start, then it's almost certain that you will have to wait much longer thierby putting yourself in a position where you will possibly buy at a higher price than you should have bought it if you hard started earlier.
Exactly!!!
The best thing for Negotiation or any guys who are similarly situated and feeling as if they are too poor to invest into bitcoin is that they pick an amount of money that they are not going to miss and just invest as much as they are able to without having to think about that money for more than 10 years. They do not need to think about if it is profitable or not profitable or whatever, just put their $10 per week (or whatever they are able to) into bitcoin and come back to it 10 years or 15 years later and reassess if there is any value there.
Surely if they are buying really low amounts such as $10 per week, then yeah, they might have to wait for several months before removing the amounts from exchanges.. yet guys have to also consider various reasonable ways to manage their UTXOs too.. so if they are investing small amounts and maybe even infrequently, maybe they are going to need to wait for several months or even a year or more before moving the BTC to a private wallet, yet in the meantime it is going to be to their advantage to figure out how to store their BTC in private wallets rather than exchanges, especially if they are going to be investing into bitcoin with relatively small amounts for 10-15 year or more... but yeah no one is going to hold their hand or feel sorry for them if they end up being poor and/or without bitcoin 10-15 years down the road even though they may well already know enough about bitcoin in order to figure out and execute some kind of reasonable, meaningful and ongoing BTC accumulation strategy.
DCA never gets old and it's the strategy that the majority of us is aware of. What we need to plan is to get on how long we're going to hold the bitcoins you've bought. If you have no exit plan, that's just fine and you can get some portion of it when you want to and sell it at your will if you need some extra cash for some purposes that you need to spend it.
DCA will be the most used method especially that majority of us can't buy bitcoins in bulk then people will go use this strategy since they can buy their bitcoins on regular intervals depends on when they can afford to do it. I think planning to sell well depends on situation and the needs of the holder itself since if he feel that he need to cashout something then they must sell their profits nothing can stop them or tell that its wrong since that's profit already they can earn that back since your balance left will still generate you a profit and also you can do your interval accumulation once you are ready again to accumulate.
That's it, while the major institutions can do whatever they can and are able to buy in bulk and thousands of bitcoin. We as simple investors can do little by buying through DCA. And if you're onto the point that you want to sell, the matter is on how you are satisfied for your time of selling. But as you can see, many from the forum don't want to sell as soon as possible and there are more prolonged plans that they'd sell at the right time with a better pricing and no one knows when that time is going to come. As soon as you're wanting to cash out and you're happy with the price and that's how you reward yourself then do it.
We are not really talking about selling here as a means to get out of bitcoin and into fiat.. why the fuck would any of us want to do that? Frequently we have spent years and years and years accumulating the best asset known to man, then why would it make sense to sell it? Unless we are merely talking about selling small amounts of it.. otherwise, seling it does not seem like a great plan..
You have heard that the exit plan is bitcoin, right? The exit plan is not getting of of bitcoin and into some inferior asset/currency? At least that does not make a lot of sense to me.
Maybe you need to explain a bit better what you mean a wee bit MOAR better, batang_bitcoin? Why would any of us be selling? especially when the thread is about buying.. Of course, you would not be selling in order to buy back cheaper? or would you?
All those who come to invest in cryptocurrency (BTC) invest their capital by analisis the market,whatever you call trading and long term. The BTC market is a bit more volatile so it may take some time to understand but most investors are very skilled.
It is doubtful that there are any precedents for bad experiences in terms of bitcoin. As far as I know no one has suffered from short term investments in bitcoin. If someone is in too much of a hurry, it's a different matter. In the long run Bitcoin gives you greater protection of your principal. On the other hand short-term investing can cause your nerves to fray every moment. So everyone wants to protect themselves first.
Why do you feel some kind of need to use the term "cryptocurrency" in order to refer to BTC?
There is no need.
Fuck shitcoins.
Do you realize that the term cryptocurrency is either meaningless or it is largely used as a way to lump shitcoins in with bitcoin in order to create some kind of appearance that they are similar to bitcoin - so in the end, using such term might show that you don't really understand what bitcoin is, especially if you think that you need to use the term "cryptocurrency" in referring to it.
There may be ways to appropriately use the term "cryptocurrency" in order to refer to shitcoins or even to acknowledge that the term is used with various kinds of people who may or may not understand how bitcoin differs from shitcoins, but here we are in a bitcoin thread, so it really seems unnecessary to use such term to refer to bitcoin, unless you wanted to also say something about shitcoins, which really it seems that the remainder of your post was mostly attempting to talk about bitcoin, which seems to make it even more distracting that you felt some kind of need to refer to bitcoin as a "cryptocurrency."
Maybe you used the term "cryptocurrency" because you wanted to appear as if you were smart - but since you did not put such term into an appropriate context, the use of the term seems to have the opposite affect.. at least from my perspective.
What every plan should look like for each investor should depend on their goals. However, I consider buying through DCA as the best method for now if the goal is to hold the investment for a longer time. This is because the price will go down and will also go up from time to time, but it mostly goes up in the long run.
The DCA strategy will always be adopted, even if the bitcoin price is above $100k, because not every investor has the available money to accumulate bitcoin. Some investors depend on their monthly salary to accumulate bitcoin, and since bitcoin is a long-term investment, they will not use their entire salary to accumulate bitcoin. The DCA strategy also gives you the free will to buy bitcoin anytime your money is ready, without thinking about whether it is the right time to do so.
Exactly..
There are quite likely going to be people (including both bitcoin newbies and also people who already own bitcoin) buying bitcoin at $100k, at $200k, at $500k, at $1 million, at $2 million and at various other prices in between and likely even higher prices, .. it is just a matter of the timeline regarding such purchases.. and sure it is not guaranteed, but it does not seem implausible to have bitcoin being sold in the relatively near future of 4-10 years or longer that fall into all of those mentioned prices.
And if a user does and plans to hold it, then he must plan long term that he can hold it for a long time. If you think a certain amount of money is saved every week to make a video and if he can't invest the next week, then it's not good for him at all. So it is necessary to set a specific time to invest where you can invest an amount every month. And if you continue to invest like this year after year then surely you will eventually own a lot of money, and you must hold it, but you will get profit.
If you want to own a lot of money, it is more important for you to keep DCAing along with dip investment. Long term measures do not always guarantee you success so you should follow safe methods like DCAing.
That above quote surely is nothing that I said or that I would have said... It is not written in my style..
In other words, when you are quoting members, you better verify that you properly quote them, otherwise it can be misleading and/or confusing regarding who said what.
It is not as hard as you are wanting to make it out to be.
Just get started.. $10 per week or whatever you can afford, and then look at the matter 10 years from now and see where you are at.
The ideal and smart moment, in my opinion, for someone to make a $10 weekly investment in bitcoin for good profits in years to come should be during a bear market when the bitcoin price is declining rather than rising at an ATH.
I doubt that you are correct.
you are likely too preoccupied with whether you are in profits or not, and if you are investing 10 years or longer, then it is not going to matter very much in terms of when you bought as compared to that you bought and you got started as soon as possible and stuck with it.
You can employ the "wait" strategy, but I consider "the wait" strategy to be really fucking dumb - especially for a low coiner or a no coiner. .and especially in an asset like bitcoin.
There are a lot of dumbass low coiners and no coiners still waiting for BTC prices to drop at various price points, including as recently as waiting starting from September/October 2023 when BTC prices were in the $27k territory.. and that is not the only example of dumb fucks overly waiting and failing/refusing to act.. and so they are having fun staying poor because their waiting strategy did not work and likely put themselves in a worse situation rather than just buying at whatever price..
And do you even know what the fuck DCA is?
It is largely buying at any price, and employing such strategy for many years.. 4-10 years or longer, and frequently in traditional assets, people invest in assets their whole lives 30-40 years and they never end up getting to fuck you status; however, with bitcoin there are possibilities to accumulate bitcoin and to really make some kind of meaningful differences in the lives of regular people.. and waiting is not a good strategy.. in fact it is a dumb strategy, especially for low coiners and no coiners.. and especially because it takes a long time to build up any investment - including that bitcoin is likely amongst the best of assets known to mankind, and you still believe that waiting is a good strategy.. yeah right..
Good luck with that level of dumbness.
I said this because making an investment of $10 per week would not yield the same expected profits as making an investment during a bear market.
Who cares? How the fuck are you going to know when it is a bear market or a bull market, especially if you don't have any coins or you hardly have enough BTC to make any difference.
You are getting distracted by the fact that BTC prices have gone up a lot, and you are presuming that they are coming back down to these price areas..?
Yeah, maybe they will come back down and maybe they won't.. We might be in a position in which sub $70k coins are never seen again.. and these kinds of dynamics have happened several times in bitcoin.. and there is no reason to believe that they might not happen again..
In other words, the ONLY way to prepare for UP is to have some coins. Waiting does not prepare you for up... and furthermore, we have quite a bit of luck in bitcoin since there are several ways to be able to buy very small amounts on an ongoing basis and those kinds of opportunities are not present for a lot of other assets. and fuck shitcoins if you are trying to create some kind of justification for someone to fuck around with buying inferior assets merely because they can also buy shitcoin with small amounts of money.. but that would also be dumb.. and it would likely be even dumber than not buying bitcoin (which is already pretty high on the dumbness level).. and a lot of people engage in various kinds of dumb logic to figure out which shitcoins to buy and they fail/refuse to learn about the best asset known to mankind (which happens to be bitcoin), which seems to be on the same level of retardedness as your short-sighted and dumb "waiting" for a bear market strategy..
Given the current state of the market and the high price of bitcoin, a crypto investor
Fuck crypto.
We are talking about bitcoin here.
would need to make significant investments in the bitcoin before the bull run ends.
Again you are distracted, and I hope no one is listening to your likely lack of insight. How long have you been buying BTC?
maybe 2 years if we go by your forum registration date? yeah, maybe you have enough BTC or maybe you have more than enough because you front loaded your investment into BTC.. I don't know. ... but if you were not aggressive in the first couple of years, then probably even you better look in the mirror and figure out your own situation if you are assessing yourself to have enough or too many BTC when you probably should be continuing to stack BTC (for your own good).. but hey whatever, if you are waiting and refusing to stack BTC, then you are ONLY going to have yourself to blame if you are following your own dumb advice.
But the thing is that it frequently takes people 20-30 years or more to build an investment portfolio, and if you are recommending to wait then you are failing/refusing to appreciate a lot of aspects related to bitcoin, and I should not have to repeat myself, since I largely already stated it.. waiting is not a smart strategy.. unless the person already has a good amount of bitcoin and even if they have a decent amount of bitcoin, waiting also might not be a good strategy unless they clearly have reached a status of having had over accumulated.. which surely most of the people of the world are not even close to having enough bitcoin, whether they realize it or not....
The overwhelming majority of people do not have enough bitcoin, and we have rich fucks in the USA and others associated with the BTC spot ETFs sucking up a lot of the BTC, and they are likely going to end up driving the BTC price into the $100s of thousands and even into the $millions in a relatively short period of time, and your dumbass recommendation is that poor people should wait because maybe there might possibly be a bear market in 1 or 2 years?
That is dumb if I ever heard dumb, and you have been participating in this thread so long and you seemed to have not learned shit.
However, not every investor is willing to take the risk of investing more than they can afford to.
You don't need to take any extra risk.. All you need to do is figure out your budget and figure out how much you can afford to invest, and if you don't have any money to invest, then you will just have to benefit indirectly from bitcoin rather than directly from it.. since the ONLY way to benefit directly from BTC's likely ongoing price appreciation is by getting some stake in it.. otherwise you are just sitting on the sidelines and wiating for dips that may or may not end up happening, and if you are waiting for a bear market, then you are even more retarded.
Right now we happen to be in the earlier stages of a bull market, and yeah sure there has already been more than 4x price appreciation since the $15,479 bottom in November 2022, yet the mere fact that the BTC price has gone up 4x in the last 17 months-ish does not mean that it is going to drop any time soon or that it is not going to do another 2x, 3,x, 5x, 10x from here. .including that it may well not drop back down to anywhere close to these current price levels, and how the fuck does a guy/gal prepare for those kinds of possibilities? It surely is not going to be through waiting.
Waiting is about the worst advise to give to anyone, whether poor or rich, unless the person has way too many BTC already, and even with that kind of person, if you know the context of where we are at, how we got here and where we might be going, waiting might even be bad advice for the person who has way too many BTC, too.
It is not as hard as you are wanting to make it out to be.
Just get started.. $10 per week or whatever you can afford, and then look at the matter 10 years from now and see where you are at.
The ideal and smart moment, in my opinion, for someone to make a $10 weekly investment in bitcoin for good profits in years to come should be during a bear market when the bitcoin price is declining rather than rising at an ATH. I said this because making an investment of $10 per week would not yield the same expected profits as making an investment during a bear market.
Given the current state of the market and the high price of bitcoin, a crypto investor would need to make significant investments in the bitcoin before the bull run ends. However, not every investor is willing to take the risk of investing more than they can afford to.
When you don't have the confidence in bitcoin, as a beginner you can invest with little amount of money. As time passes by, and you have begin to understand or know more about bitcoin, and the price movement. You can increase the amount that you are investing, but this is based on our own discretion income, and scenario playing out in our financial lives. It is better use the amount that you can afford to lose so that you don't have problems with taking care of your important needs and emergency. However, if one have understand bitcoin investment that it is worth investing in, and you have the chance of investing aggressively and decided not to take advantage of it but continue to invest in a whimpy way, that person will regret in future when bitcoin becomes very expensive, just the way peoe that knew bitcoin way back and only invested little amount. This is because his bitcoin portfolio will be small in size.
That is correct.
We have a lot of dumbass people who got into bitcoin early and they are regretting because they were overly whimpy in their BTC accumulation, and largely they have no one to blame but themselves... and also there are some of the overly whimpy folks who still ended up doing quite well because they continued to accumulate BTC, but they just did it in a whimpy-ass kind of way... . On the other hands the ones who spent a lot of time waiting rather than buying BTC, those guys did even worse, and we see them whining on the forums quite frequently.. and they have no one to blame but themselves...
There is absolutely no evidence that bitcoin has a worse investment thesis now as compared to earlier times, even though the upside potential has been somewhat taken away, yet even with a smaller upside potential, bitcoin remains amongst the best investments currently known to man (if not the best).. so anyone poo-pooing the idea of bitcoin will likely have to come to it at a later date and when the prices are higher.. and they can cry themselves to sleep because they were too busy preparing for down, rather than up.
