Buy the DIP, and HODL!

[laijsica]

Most people just abandoned Bitcoin when the price is very very low. They don't even think that the price can surge and hit $100.000 because they think that is impossible. But then when the price slowly increase and hit many new ATH, they will start pay attention to Bitcoin although they still not trying to buy and hold Bitcoin.

They don't think to use Bitcoin as their investment because they are still prefer with their current investment such as gold and others. Or they don't want to open their minds to see the other opportunity to become rich in the future.

That's why knowledge and consistency in investing in Bitcoin are important, because many people who enter Bitcoin invest by just following other people, they don't understand Bitcoin's volatility and its potential in the future - even many invest like gambling/trading. Because if they understand how to invest properly in Bitcoin, they will not be affected by the market, and will continue to regularly invest in Bitcoin at any price using their discretionary income or money they are ready to invest, and hold it even more than 1-2 cycles until they can get a decent profit from it.

Someone who's really interested in Bitcoin investment must not understand how Bitcoin investment is before they start their investment journey. IMO, the first step to invest on Bitcoin is to know the safest wallet to store your Bitcoin for the long-run and also know how much to use for your Bitcoin investment journey before all this you also need to have a long term perspective.
A Bitcoin newbie should use DCA method for investing on Bitcoin because gradually investing gradually learning about Bitcoin investment. Like a student, we don't know any but when we attend classes and reading books we can know what we don't. Just trying to say that a Bitcoin investor can not know about Bitcoin investment unless he's making practice while he invest.

Bitcoin investment is not like any other investment, and someone can invest in bitcoin without learning everything about bitcoin, but learning about bitcoin wallets is not even the first step newbies should take when they want to invest in bitcoin. The first steps newbies should take when investing in bitcoin are to figure out the amount of bitcoin they want to accumulate, how long they are going to hold their bitcoin, and figure out if they will have a steady income and discretionary income that would allow them to comfortably accumulate bitcoin and also take care of their daily expenses at the same time. When newbies have accumulated $500-$1000 worth of bitcoin on a centralized exchange, they can now learn about the best bitcoin wallet that is safe for them to use and store their bitcoin.

I agree with you that when an investor has a basic understanding of Bitcoin he should have a stable source of income and can comfortably accumulation against discretionary income. It is true that he does not need extensive knowledge but he should set his mind on Bitcoin as a volatile asset and regularly invest in it. The necessary recommendations for new investors should be to ensure the proper use of discretionary income so that he gets positive financial feedback from Bitcoin in the long run. He should keep a backup fund to keep himself financially stable by running a DCA for a long time. For a comfortable investment for a Bitcoin accumulated there may be no other alternative that has been discovered where he gets financial freedom while simultaneously gaining huge holdings.

[Wind_FURY]

Although there are traders who are actually successful in trading short-term with or without leverage, it's not for PLEBS like US. I discourage fellow plebs from "trading", but if you truly believe that you could profit as a day-trader, then to measure your success rate, make a pretend purchase in Bitcoin with 100% of your trading capital. Check if you outperformed Bitcoin every year. Because if you didn't, then you merely wasted your time and probably shortened your life-span from the mental stress and loss of sleep.

I agree that trading which tends to be short term is not suitable for everyone - that's why some say that "10% of traders are successful" and that's the truth, because I've been in trading and I can say that it's riskier, more stressful, and you will lose sleep because you need to monitor the market and see if your position is right.

So it's more advisable to get involved in bitcoin investment which is more potentially profitable and recommended, especially for beginners, because everyone can get involved in Bitcoin investment, you don't need to learn technical analysis or whatever, all you need is to allocate your discretionary income and invest with DCA or lump sum. You can invest regularly and hold it for the long term. It's that simple - you don't need to sacrifice your precious sleep time just to monitor the market.

I doubt that profitable traders are even close to 10%, especially in something like bitcoin and especially if we might compare performance to traders versus investors into bitcoin.

 I am considering that probably less than 1% of traders of BTC would have had been able to beat a straight forwards DCA strategy, especially if we were to be looking at 8-10 years or more.  They fuck around and talk about profits, and yeah in the short term they might have some lovely stories, but carry out their strategy in the long term and it would be a pretty rare trader who actually were able to beat a straight forward BTC DCA approach. .and whatever system they used ended up being luck rather than replicable..  They frequently talk a BIG game, though.

10% is a more generalized estimate from what I have read from doing simple searches on the internet. But if it's actually a mere 1% or less, then that would truly be very surprising and makes the HODLers' debate more practical, and that would STILL be a very BIG understatement.

Those who truly outperform Bitcoin consistently every year, perhaps they probably also short sell Bitcoin during the bearish cycle?

Plus for HODLers, we also probably should learn short selling to use as a hedge against our own Bitcoin investments during bear markets?

Yes, a lot of folks fantasize about how they could get rich quicker than everybody else, yet with bitcoin even though the bearmarkets can seem torturous, it still has not been necessary to fuck around trying to trade, since you can get astronomically rich by merely having had invested steadily.

Let's take the person who had invested $100 per week into bitcoin for the past 11.5 years.  He would have invested $61.3k and accumulated 70 BTC.  Do you need more bitcoin than that?  Do you need more profits than that, even if you believe some of the traders could have had done better, I doubt it.. they lie about their results. .that is how gamblers are.

Maybe you prefer to ONLY go back 10 years, and such person would have invested $52.6k and  accumulated 35.11, so of course, the shorter the period of time then the lower the quantity of BTC accumulated.

You are not going to know if your bitcoin is going to perform greatly merely from one or two cycles, and also if you had not been persistent, consistent, regular and perhaps whiimpy then you are also going to have had less superior results, and you likely need more time for the investment to compound upon itself. 

The guy who had only been investing $100 for the past 8 years would have invested about $42k, yet would have ONLY accumulated about 5 BTC.  Still good results, but still likely needing more time for the continued building of the investment or for further time to run for additional compounding to take place, and yeah, the future is also not guaranteed, so each of us can ONLY do our best in terms of how aggressive we are going to be or how consistent, persistent and regular in our BTC accumulation, and hopefully not fucking around too much waiting rather than investing with as much aggressiveness as we are able to achieve without recking ourselves.

  👍      Those are very good points ser.

Plus for those newbies/normies who recently started their Bitcoin journey, not at two digits, three digits, four digits, BUT five digits, they could make an argument that they're ROI would be much larger if they buy and HODL an altcoin - OK, they could have those profits like if they bought Bitcoin at three digits, BUT long term, their profits would STILL have to be held in the hardest money on Earth, Bitcoin.

People are retarded if they are distracted into shitcoins, and this has been a phenomena that has existed through quite a bit of bitcoin's history, even going back to 2014 there were various shitcoins coming onto the scene including Ethereum sparking the proliferation of more and more shitcoins, and now various Ethereum competitors sparking new waves of shitcoins, including shitcoins being built on and pegged to bitcoin through NFTs, ordinals, runes, inscriptions etc.. .. so there are frequently going to be distractions, and surely some of the distractions are going to have had shocking levels of returns for some (non-insider) normie folks who time their entrance and their exit - but who the fuck should want to be spending his time trying to both figure out which shitcoin to get into and how to attempt to time their entrance/exit including surely some folks get distracted into trying to either be insiders or to be connected sufficiently to insiders in order to attempt to get the scoop on some shitcoin prior to other more gullible (and less informed) normies.  

Personally, I consider it a BIGASS waste of time to be trying to play the various roulette wheels of potentially 20k different shitcoins and to choose which one might have more pumpamentals than others including wasting time following supposed influencer groups or in some other way trying to get some kind of an inside scoop on some scammy project, whether it is Trump coin or some other bullshit unethical piece of crap project.  

Sure guys are going to still want to spend time on shitcoins, and my own suggestion has been that if they can at least limit their time, energies and money to less than 10% of what they put into bitcoin, then at least they might have some chances of moderating their level of distractedness, yet surely it can be difficult to save a gambler/trader from himself, since each gambler/trader has a right to figure out his strategy and even to learn that he is not smarter than everyone else when he ends up going down the trader/gambler path and figuring that he is going to be in the 1%-ish or whatever who ends up actually beating bitcoin in real terms rather than baloney made up spin numbers that they shitcoiners/gamblers frequently present to show their supposed outperformance of bitcoin blah blah  blah.

The point is, stupid or smart, whatever viewpoint a person may have in shitcoining, they would STILL too hold those profits in Bitcoin. Because what kind of mental decay is a person having if he insists that he/she should HODL a shitcoin or, Oh My God, a stupid MEMECOIN of a dog with a hat shilled by the most mentally decayed people in the cryptocurrency community.

Or they probably are not stupid. They probably sold they're memecoins at their ATH and left their "community" to HODL those worthless shitcoins.

  

[Taskford]

People are retarded if they are distracted into shitcoins, and this has been a phenomena that has existed through quite a bit of bitcoin's history, even going back to 2014 there were various shitcoins coming onto the scene including Ethereum sparking the proliferation of more and more shitcoins, and now various Ethereum competitors sparking new waves of shitcoins, including shitcoins being built on and pegged to bitcoin through NFTs, ordinals, runes, inscriptions etc.. .. so there are frequently going to be distractions, and surely some of the distractions are going to have had shocking levels of returns for some (non-insider) normie folks who time their entrance and their exit - but who the fuck should want to be spending his time trying to both figure out which shitcoin to get into and how to attempt to time their entrance/exit including surely some folks get distracted into trying to either be insiders or to be connected sufficiently to insiders in order to attempt to get the scoop on some shitcoin prior to other more gullible (and less informed) normies.  

Personally, I consider it a BIGASS waste of time to be trying to play the various roulette wheels of potentially 20k different shitcoins and to choose which one might have more pumpamentals than others including wasting time following supposed influencer groups or in some other way trying to get some kind of an inside scoop on some scammy project, whether it is Trump coin or some other bullshit unethical piece of crap project.  

Sure guys are going to still want to spend time on shitcoins, and my own suggestion has been that if they can at least limit their time, energies and money to less than 10% of what they put into bitcoin, then at least they might have some chances of moderating their level of distractedness, yet surely it can be difficult to save a gambler/trader from himself, since each gambler/trader has a right to figure out his strategy and even to learn that he is not smarter than everyone else when he ends up going down the trader/gambler path and figuring that he is going to be in the 1%-ish or whatever who ends up actually beating bitcoin in real terms rather than baloney made up spin numbers that they shitcoiners/gamblers frequently present to show their supposed outperformance of bitcoin blah blah  blah.

The point is, stupid or smart, whatever viewpoint a person may have in shitcoining, they would STILL too hold those profits in Bitcoin. Because what kind of mental decay is a person having if he insists that he/she should HODL a shitcoin or, Oh My God, a stupid MEMECOIN of a dog with a hat shilled by the most mentally decayed people in the cryptocurrency community.

Or they probably are not stupid. They probably sold they're memecoins at their ATH and left their "community" to HODL those worthless shitcoins.

We are not sure about that since the point that they are into shitcoins provably that they will just find another shitcoins to invest especially if they are greedy enough thinking about they can earn with this alts again.

They would never think about investing on those shitcoins if they have long patience dealing with good investment. Since shitcoins is for short term. To bad for them if they HODL those bad options since provably that they have less chance to recover knowing that to many rug pulls on that scene. More better for people to erase some bad thoughts that they can easily earn a lot of profit or get rich with those shitcoins since provably what they experience first is they get broke with it if bad luck hit them.

[Justbillywitt]

.
Whether you're rich or poor,  save some money for emergencies before or while you buy Bitcoin.  Life happens. Bitcoin is a long-term game; be patient and hold. Having savings protects your Bitcoin journey.

I find the choice of your word "Game" a bit problematic. We ain't playing games with our bitcoin investments. Bitcoin investment is a well calculated endeavour. You don't see it as if we are playing games with it. Just say bitcoin investment is a long term hold. As an investor there are terminologies that you will use, it will assign a different meaning to what you had in mind of saying. You are knowledgeable enough to understand that bitcoin is supposed to be for the long term, but thinking of it as a game is where I don't really think is the right way to look at our bitcoin investment. It's making it look like a gamble. And you and I know that we the long term investors ain't gambling with bitcoin. I don't know if you are getting the point I'm trying to make.

[EclipseXcrypto]

.
Whether you're rich or poor,  save some money for emergencies before or while you buy Bitcoin.  Life happens. Bitcoin is a long-term game; be patient and hold. Having savings protects your Bitcoin journey.

Bitcoin investment doesn't discriminate between the poor or rich, it follows the same investment guidelines and principles for everyone. Having an emergency fund is indeed a crucial part of those guidelines. It ensures that you're financially secure and can withstand any unexpected expenses without having to dip into your investments. This way you can maintain a smooth investment journey in Bitcoin.

Any investor who doesn't plan or save for emergencies might face challenges along their investment journey. Having an emergency fund truly gives an investor an edge over unforeseen problems, making the investment journey simpler and smoother. It allows us to keep our investments moving without the worry of dipping into them during tough times.

[Just Say]

Most people just abandoned Bitcoin when the price is very very low. They don't even think that the price can surge and hit $100.000 because they think that is impossible. But then when the price slowly increase and hit many new ATH, they will start pay attention to Bitcoin although they still not trying to buy and hold Bitcoin.

They don't think to use Bitcoin as their investment because they are still prefer with their current investment such as gold and others. Or they don't want to open their minds to see the other opportunity to become rich in the future.

That's why knowledge and consistency in investing in Bitcoin are important, because many people who enter Bitcoin invest by just following other people, they don't understand Bitcoin's volatility and its potential in the future - even many invest like gambling/trading. Because if they understand how to invest properly in Bitcoin, they will not be affected by the market, and will continue to regularly invest in Bitcoin at any price using their discretionary income or money they are ready to invest, and hold it even more than 1-2 cycles until they can get a decent profit from it.

Someone who's really interested in Bitcoin investment must not understand how Bitcoin investment is before they start their investment journey. IMO, the first step to invest on Bitcoin is to know the safest wallet to store your Bitcoin for the long-run and also know how much to use for your Bitcoin investment journey before all this you also need to have a long term perspective.
A Bitcoin newbie should use DCA method for investing on Bitcoin because gradually investing gradually learning about Bitcoin investment. Like a student, we don't know any but when we attend classes and reading books we can know what we don't. Just trying to say that a Bitcoin investor can not know about Bitcoin investment unless he's making practice while he invest.

Bitcoin investment is not like any other investment, and someone can invest in bitcoin without learning everything about bitcoin, but learning about bitcoin wallets is not even the first step newbies should take when they want to invest in bitcoin. The first steps newbies should take when investing in bitcoin are to figure out the amount of bitcoin they want to accumulate, how long they are going to hold their bitcoin, and figure out if they will have a steady income and discretionary income that would allow them to comfortably accumulate bitcoin and also take care of their daily expenses at the same time.

Your first comment is correct that one can start investing in Bitcoin without knowing anything about Bitcoin i.e. without having full experience with Bitcoin. Also, learning little about wallets is probably one of the first steps for beginners. You started investing early and keep buying bitcoins regularly but you should also know where you keep your investment safe. So if a new investor is not able to keep his investment safe from the initial situation then there is a possibility of loss of investment.

When newbies have accumulated $500-$1000 worth of bitcoin on a centralized exchange, they can now learn about the best bitcoin wallet that is safe for them to use and store their bitcoin.

$500-$1000 worth of Bitcoin is not a small amount, it is a large investment. Therefore, it is not at all right to deposit this amount of investment in a centralized exchange.
If you think that centralized exchanges are safe for beginners then you would be wrong. Because centralized exchanges are never secure wallets for storing bitcoins. We should use decentralized wallets so that they are only controlled by us. I think every investor should store Bitcoin very safely.

[DaNNy001]

.
Whether you're rich or poor,  save some money for emergencies before or while you buy Bitcoin.  Life happens. Bitcoin is a long-term game; be patient and hold. Having savings protects your Bitcoin journey.

Well it doesn't get clearer than this. This is what we should always have at the back of our heads which is savings, the whole essence of holding Bitcoin is to save and make our financial life a whole better which doesn't come so quick and easy with Bitcoin investment so saving up extra cash to help boost your Bitcoin portfolio is just more clearer way to go about this. Bitcoin brings you a whole lot close to that financial freedom if only you gt the idea and hold it for a really long term and be consistent with your buying.

[JayJuanGee]

[edited out]

The point is, stupid or smart, whatever viewpoint a person may have in shitcoining, they would STILL too hold those profits in Bitcoin. Because what kind of mental decay is a person having if he insists that he/she should HODL a shitcoin or, Oh My God, a stupid MEMECOIN of a dog with a hat shilled by the most mentally decayed people in the cryptocurrency community.

Or they probably are not stupid. They probably sold they're memecoins at their ATH and left their "community" to HODL those worthless shitcoins.

I am not going to presume that shitcoiners are smart enough to put their value in bitcoin.  Sure some shitcoiners figure out that they need to store most of their value in bitcoin, yet many of them fall into the camp of degenerate and/or misinformed gamblers, so they end up wrongly concluding that they are not going to end up richie unless they put enough value into whatever shitcoin of the day they happen to be chasing, so almost no matter what, they will end up overallocating to various kinds of shitcoins and shit projects, and potentially even consider that wherever they are holding their value is merely temporary and rotating and sure, they may well be correct that their intention was to move it in and then move it out, yet no one wants to sell at a loss so sometimes (or perhaps frequently) they get their value locked into various pieces of shit with ongoing dilemmas regarding when to get out or even whether to put more value into their already existing shitcoins when the price is going down rather than their anticipated UP.   Getting lured into shitcoins tends to be a trap in which they suck more and more and more value out of the gullible ones who are investing into them, and so yeah, bitcoin is too boring for them, and they end up with pretty high odds of underperforming as compared to if they had just focused 90% or more of their time, energies and value on bitcoin... but they can't and they cannot control themselves, even if they might  have been intending to limit their shitcoin involvement it devolves into greater and greater and greater value and ultimate losses prior to their potentially learning their lesson (and sure not all of them learn their lesson, they stay in the world of shitcoins, dumb, trading and/or gambling).

[edited out]

We are not sure about that since the point that they are into shitcoins provably that they will just find another shitcoins to invest especially if they are greedy enough thinking about they can earn with this alts again.

They would never think about investing on those shitcoins if they have long patience dealing with good investment. Since shitcoins is for short term. To bad for them if they HODL those bad options since provably that they have less chance to recover knowing that to many rug pulls on that scene. More better for people to erase some bad thoughts that they can easily earn a lot of profit or get rich with those shitcoins since provably what they experience first is they get broke with it if bad luck hit them.

With shitcoins it is not "if bad luck hit them," but instead, they are merely playing the numbers and hoping for good luck with one of their shitcoins.

[Moreno233]

[edited out]

The point is, stupid or smart, whatever viewpoint a person may have in shitcoining, they would STILL too hold those profits in Bitcoin. Because what kind of mental decay is a person having if he insists that he/she should HODL a shitcoin or, Oh My God, a stupid MEMECOIN of a dog with a hat shilled by the most mentally decayed people in the cryptocurrency community.

Or they probably are not stupid. They probably sold they're memecoins at their ATH and left their "community" to HODL those worthless shitcoins.

I am not going to presume that shitcoiners are smart enough to put their value in bitcoin.  Sure some shitcoiners figure out that they need to store most of their value in bitcoin, yet many of them fall into the camp of degenerate and/or misinformed gamblers, so they end up wrongly concluding that they are not going to end up richie unless they put enough value into whatever shitcoin of the day they happen to be chasing, so almost no matter what, they will end up overallocating to various kinds of shitcoins and shit projects, and potentially even consider that wherever they are holding their value is merely temporary and rotating and sure, they may well be correct that their intention was to move it in and then move it out, yet no one wants to sell at a loss so sometimes (or perhaps frequently) they get their value locked into various pieces of shit with ongoing dilemmas regarding when to get out or even whether to put more value into their already existing shitcoins when the price is going down rather than their anticipated UP.   Getting lured into shitcoins tends to be a trap in which they suck more and more and more value out of the gullible ones who are investing into them, and so yeah, bitcoin is too boring for them, and they end up with pretty high odds of underperforming as compared to if they had just focused 90% or more of their time, energies and value on bitcoin... but they can't and they cannot control themselves, even if they might  have been intending to limit their shitcoin involvement it devolves into greater and greater and greater value and ultimate losses prior to their potentially learning their lesson (and sure not all of them learn their lesson, they stay in the world of shitcoins, dumb, trading and/or gambling).

You will be disappointed to learn that most shitcoiners does not even consider Bitcoin for investment because to them, Bitcoin is too slow and does not vomit fast profits. I have seen few of them boasting of their expert signals of the next shitcoin to buy that will pump and make them rich overnight, this being their only pattern and often they get burnt and therefore cook up one flimsy excuse or the other as a form of consolation and re-strategizing to continue the white goose chase. If you check social media, you will see a bunch of them hyping and fantasizing over shitcoins that will make them millionaires overnight. This is the sad reality of a lot of people and in the end they blame Bitcoin and everything for their loss. Well, those of us here have the privilege of knowing better, the reason we are concentrating on buying Bitcoin just like MicroStrategy,

[DubemIfedigbo001]

[edited out]

The point is, stupid or smart, whatever viewpoint a person may have in shitcoining, they would STILL too hold those profits in Bitcoin. Because what kind of mental decay is a person having if he insists that he/she should HODL a shitcoin or, Oh My God, a stupid MEMECOIN of a dog with a hat shilled by the most mentally decayed people in the cryptocurrency community.

Or they probably are not stupid. They probably sold they're memecoins at their ATH and left their "community" to HODL those worthless shitcoins.

I am not going to presume that shitcoiners are smart enough to put their value in bitcoin.  Sure some shitcoiners figure out that they need to store most of their value in bitcoin, yet many of them fall into the camp of degenerate and/or misinformed gamblers, so they end up wrongly concluding that they are not going to end up richie unless they put enough value into whatever shitcoin of the day they happen to be chasing, so almost no matter what, they will end up overallocating to various kinds of shitcoins and shit projects, and potentially even consider that wherever they are holding their value is merely temporary and rotating and sure, they may well be correct that their intention was to move it in and then move it out, yet no one wants to sell at a loss so sometimes (or perhaps frequently) they get their value locked into various pieces of shit with ongoing dilemmas regarding when to get out or even whether to put more value into their already existing shitcoins when the price is going down rather than their anticipated UP.   Getting lured into shitcoins tends to be a trap in which they suck more and more and more value out of the gullible ones who are investing into them, and so yeah, bitcoin is too boring for them, and they end up with pretty high odds of underperforming as compared to if they had just focused 90% or more of their time, energies and value on bitcoin... but they can't and they cannot control themselves, even if they might  have been intending to limit their shitcoin involvement it devolves into greater and greater and greater value and ultimate losses prior to their potentially learning their lesson (and sure not all of them learn their lesson, they stay in the world of shitcoins, dumb, trading and/or gambling).

Some of these shitcoiners don't learn from their mistakes, even after being kicked on the ass by shitcoins, they still remain greedy. My sister who was fucked up by the crash of late 2022, called recently and asked of promising projects to invest into since she knows I'm into the crypto world. Knowing she loves investing considerably I asked her to buy Bitcoin with 90% of the funds and scatter the other 10% in few promising projects I'll recommend, but she refused claiming that she needs projects with high yield, like 200x or more in a short while. I explained how risky it is and how it's not advisable to use all capital to chase shitcoins, but she wasn't listening.

I just told her I'll get back to her on that, but never did because I don't want to be the one to take the blame if her greed ruins her. I think it's better not to offer any suggestions since she's not ready to do the right thing and also better she doesn't invest at all than gamble with so much money.

[SmartCharpa]

As far as bitcoin investment is concerned, both the poor and the rich investors need to set aside an emergency fund because it is what will help them to solve their unforeseen problems that may occur along their bitcoin accumulation journey. Even if they don't build up their emergency fund at the beginning of their bitcoin investment, there is no problem with it; they can go ahead and start their bitcoin investment, but they should make sure to build it up as they are accumulating bitcoin. Surely bitcoin investment is applicable on a long-term basis, so anyone who is interested in investing in bitcoin should understand that bitcoin investment is about being patient because it is only in the long run that someone can actually achieve success in bitcoin investment.

I agree with you, this is the knowledge some individuals lack before beginning their Bitcoin investment. Many people believe that the Bitcoin they are holding will serve as the funds they will spend in times of emergency, but this is not the case when it comes to Bitcoin accumulation; one must have an emergency fund separate from their Bitcoin holdings because selling part of their holding will affect their accumulation. Though some people might find it difficult to set aside funds for an emergency if they are already accumulating Bitcoin, it is best for them to do so before they begin to accumulate Bitcoin.

Of course, anyone who believes they can succeed in a Bitcoin investment needs patience. As long as an individual is prepared to invest in Bitcoin, regardless of their financial situation, they must set aside emergency funds since Bitcoin is not a way to get quick money to meet our needs or to escape poverty.

[MusaPk]

One thing that is so advantageous to retrospectively analyzing DCA is that we can plug in some numbers to see how they play out during such time and get a bit of an automated and standard output.

~snip

I have one thing going on in my mind for quite long i.e. DCA is also a form of lump sum investment. Like if a person is investing 10$ per week then he is like investing a lump sum of 10$ in week one and then a lump sum 10$ in week two and so on. DCA is also a kind of accumulation of Lump Sum investment that are made over a period of time. It's my own interpretation, it may or may not be correct.

You also have a valid point that anyone who invested a huge money several years ago and is ignorant about Bitcoin that he didn't invest at later stage, such are just hypothetical assumptions. The person who is investing a lump sum money into bitcoin is well aware about Bitcoin and will continue to invest in Bitcoin over a period of time.

[bitzizzix]

As far as bitcoin investment is concerned, both the poor and the rich investors need to set aside an emergency fund because it is what will help them to solve their unforeseen problems that may occur along their bitcoin accumulation journey. Even if they don't build up their emergency fund at the beginning of their bitcoin investment, there is no problem with it; they can go ahead and start their bitcoin investment, but they should make sure to build it up as they are accumulating bitcoin. Surely bitcoin investment is applicable on a long-term basis, so anyone who is interested in investing in bitcoin should understand that bitcoin investment is about being patient because it is only in the long run that someone can actually achieve success in bitcoin investment.

I agree with you, this is the knowledge some individuals lack before beginning their Bitcoin investment. Many people believe that the Bitcoin they are holding will serve as the funds they will spend in times of emergency, but this is not the case when it comes to Bitcoin accumulation; one must have an emergency fund separate from their Bitcoin holdings because selling part of their holding will affect their accumulation. Though some people might find it difficult to set aside funds for an emergency if they are already accumulating Bitcoin, it is best for them to do so before they begin to accumulate Bitcoin.

Of course, anyone who believes they can succeed in a Bitcoin investment needs patience. As long as an individual is prepared to invest in Bitcoin, regardless of their financial situation, they must set aside emergency funds since Bitcoin is not a way to get quick money to meet our needs or to escape poverty.

In my opinion, emergency funds are important and mandatory for long-term Bitcoin holders in any way, especially DCA, and they should prepare or set aside money so that they can continue to buy Bitcoin regularly and also set aside for emergency funds, so that investment plans that are carried out in the long term can run well and also generate large profits because the Bitcoin they own remains intact without being touched for other interests for whatever reason even though it is very important.

And if emergency funds are an obstacle, then what must be done is to try to find a side job or additional income so that you can meet the emergency fund. And besides that, with this additional income, you can increase the nominal purchase of Bitcoin that you usually buy periodically and this is a smart way and most people succeed in any investment and if this method can be practiced with Bitcoin, the results will be more satisfying in the future.

[sotelorene]

One thing that is so advantageous to retrospectively analyzing DCA is that we can plug in some numbers to see how they play out during such time and get a bit of an automated and standard output.

~snip

I have one thing going on in my mind for quite long i.e. DCA is also a form of lump sum investment. Like if a person is investing 10$ per week then he is like investing a lump sum of 10$ in week one and then a lump sum 10$ in week two and so on. DCA is also a kind of accumulation of Lump Sum investment that are made over a period of time. It's my own interpretation, it may or may not be correct.

You also have a valid point that anyone who invested a huge money several years ago and is ignorant about Bitcoin that he didn't invest at later stage, such are just hypothetical assumptions. The person who is inve. sting a lump sum money into bitcoin is well aware about Bitcoin and will continue to invest in Bitcoin over a period of time.

It appears to me that you don't know the difference between dollar cost average ( DCA) and lump summing because if you do..., you wouldn't be saying that DCA is same thing as lump summing and in case you have forgotten i will let you know the difference between them. DCA method is a weekly or monthly approach in which an investor can use to accumulate his or her Bitcoin investment while the lump sum is a method of Bitcoin accumulation in which an investor buy Bitcoin in a large quantity which can either be ones, twice or more in a year depending on the investor capacity and remember lump sum can not be done weekly or monthly but if is it been done that way then it becomes a DCA method and DCA can not be done or is not suppose to be done ones, twice or more in a year else it becomes an inconsistent investment. Some people do not invest lump sum in Bitcoin because they are fully aware of what Bitcoin is all about rather some people like trying things.

[JayJuanGee]

[edited out]

The point is, stupid or smart, whatever viewpoint a person may have in shitcoining, they would STILL too hold those profits in Bitcoin. Because what kind of mental decay is a person having if he insists that he/she should HODL a shitcoin or, Oh My God, a stupid MEMECOIN of a dog with a hat shilled by the most mentally decayed people in the cryptocurrency community.

Or they probably are not stupid. They probably sold they're memecoins at their ATH and left their "community" to HODL those worthless shitcoins.

I am not going to presume that shitcoiners are smart enough to put their value in bitcoin.  Sure some shitcoiners figure out that they need to store most of their value in bitcoin, yet many of them fall into the camp of degenerate and/or misinformed gamblers, so they end up wrongly concluding that they are not going to end up richie unless they put enough value into whatever shitcoin of the day they happen to be chasing, so almost no matter what, they will end up overallocating to various kinds of shitcoins and shit projects, and potentially even consider that wherever they are holding their value is merely temporary and rotating and sure, they may well be correct that their intention was to move it in and then move it out, yet no one wants to sell at a loss so sometimes (or perhaps frequently) they get their value locked into various pieces of shit with ongoing dilemmas regarding when to get out or even whether to put more value into their already existing shitcoins when the price is going down rather than their anticipated UP.   Getting lured into shitcoins tends to be a trap in which they suck more and more and more value out of the gullible ones who are investing into them, and so yeah, bitcoin is too boring for them, and they end up with pretty high odds of underperforming as compared to if they had just focused 90% or more of their time, energies and value on bitcoin... but they can't and they cannot control themselves, even if they might  have been intending to limit their shitcoin involvement it devolves into greater and greater and greater value and ultimate losses prior to their potentially learning their lesson (and sure not all of them learn their lesson, they stay in the world of shitcoins, dumb, trading and/or gambling).

Some of these shitcoiners don't learn from their mistakes, even after being kicked on the ass by shitcoins, they still remain greedy. My sister who was fucked up by the crash of late 2022, called recently and asked of promising projects to invest into since she knows I'm into the crypto world. Knowing she loves investing considerably I asked her to buy Bitcoin with 90% of the funds and scatter the other 10% in few promising projects I'll recommend, but she refused claiming that she needs projects with high yield, like 200x or more in a short while. I explained how risky it is and how it's not advisable to use all capital to chase shitcoins, but she wasn't listening.

I just told her I'll get back to her on that, but never did because I don't want to be the one to take the blame if her greed ruins her. I think it's better not to offer any suggestions since she's not ready to do the right thing and also better she doesn't invest at all than gamble with so much money.

Of course, sometimes it can be difficult with family members since we want to keep our relationship with them, yet at the same time, we also have to be concerned about how to spend our own time and energies, and most likely I would not have had told her that I would call her back, and I would not even get into any details of talking about any shitcoin, since it is a slippery slope into more conversation,  yet sure, maybe you could have had a couple of shitcoins that you considered to potentially have some abilities to go up, yet at the same time, it is way too messy to be getting involved with any shitcoins, but instead stick with a blanket recommendation for her to stay away from shitcoins, yet if she could not resist then at least she should limit her involvement in them to no more than 10%, and yeah, she is not even close to being within the same kind of thinking as you, so you likely just have to let her venture off into her own seemingly quasi-desperate kind of gambling thinking.

It is like you are not even close to being on the same page, and you could even talk with the person about investing 4-10 years or longer, and if you already know your sister to not be an old person and/or she is not with any kind of known health conditions, then you likely need to telling her that she should be thinking about bitcoin in terms of 10 years or longer and not between 4-10 years, even though sure sometimes the folks are just so maniacally focused on short returns (of perhaps a few months or maybe a year at most), so they cannot even relate to what you are saying.   

Accordingly, my practice has been to just stick to my guns and say that I cannot really help with shitcoin practices, trading, gambling and/or short term recommendations. In the end, she can do what she likes, but you are mostly suggesting at minimum a 4-year timeline, and perhaps better 10 years or more.. and also you are recommending ongoing, persistent, consistent, regular and perhaps even regular buying of bitcoin that may well last more than a whole cycle before she might be able to let off on the buying of bitcoin - depending on where she is at and/or if she is able to front load invest into bitcoin.  We know that many folks are not really able to front load into bitcoin, even though they might have some modest abilities to front load perhaps 3-6 months worth in advance.. but yeah, if her budget is something like $100 to $200 per week, then 6 months might be having cash in the ballpark of $3k to $5k to front load inject into bitcoin. whether DCA, lump sum and/or buying on dips..

Surely some guys might have more patience to spend with their family members or friends, but frequently it is a pretty BIG ASS waste of time to be talking with someone who has almost totally a different way of considering the matter, so they either have to figure it out on their own or perhaps find someone with a similar kind of framework... and sure, maybe they will get lucky, but the odds are not really in their favor... but you never know.. .. and that is on them including that if you might not even be able to get her to put 50% into bitcoin.. and she is not able to come even close, and perhaps she will end up with absolutely nothing in bitcoin, as Moreno233 described to be a tendency that he is seeing with the shitcoiners...and sure I have seen that too.. complete rejection of bitcoin and fantasies about the pumpamental potentials of various other coins/projects.  These folks likely just have to figure out on their own.. and see what happens (aka fuck around and find out).  Your sister is too smart for you DubemIfedigbo001 (or so she believes).

Though some people might find it difficult to set aside funds for an emergency if they are already accumulating Bitcoin, it is best for them to do so before they begin to accumulate Bitcoin.

There is no reason to set up an emergency fund prior to getting started investing in bitcoin, and the only reason to delay investing into bitcoin would be if a newbie's finances are so messed up such newbie cannot clearly figure out whether they have any discretionary income.

If such newbie has some ideas about their discretionary income but they just cannot figure out exactly how much discretionary income they have, then they can still start to invest into bitcoin from the part of the discretionary income that they know that they have and they are not going to need for 4-10 years or longer  - whether that is $10 or some other amount to get started.   

Sure it is possible that some newbies who get into bitcoin are not going to be able to commit to investing into bitcoin for at least 4 years, and sure, we have to meet them where they are at, and even if we are recommending that they are investing into bitcoin rather than trading it.. we cannot necessarily commit them to a timeline of 4-10 years or longer, so in that sense, they can figure out their own timeline and make their own decisions about whether they are investing into bitcoin or they are trading it and how they are doing it.. even contrary to our recommendation.. .. They are ultimately responsible for their own actions even if they might have had been seeking recommendations from us... . We just might not consider a less than 4 year timeline as trading rather than investing, and we don't recommend trading.... but ultimately the choice of whether to buy bitcoin and how to go about it is theirs.

I recall one point selling something like 0.3 BTC to a person (who was recommended to me by a friend), and the BTC price was around $15k in 2017, and then about 6-8 months later he came back to me and he wanted me to buy his 0.3 BTC back and the BTC price was ONLY around $6k, and I tried to tell him that he should just hold onto it for a whole cycle, and  he said that he could not hold any longer, and that he needed the money.  I said o.k, and I bought back his 0.3-ish bitcoin...so surely people can do some strange things...and sure the BTC price largely ended up staying down through most of 2018 and it even crashed further down to $3.2k-ish in late 2018, and we had a price bump from $4k  to $13.8 k in early to mid-2019, but the price did not really recover above $15k until around late 2020... so yeah, it can sometimes take a while for the BTC price to go above our buy price, and yeah, we know in 2022, the BTC price ended up revisiting $15k again.. so a lot of those kinds of considerable BTC price moves can be scary for folks who do not have conviction about BTC.

One thing that is so advantageous to retrospectively analyzing DCA is that we can plug in some numbers to see how they play out during such time and get a bit of an automated and standard output.
~snip

I have one thing going on in my mind for quite long i.e. DCA is also a form of lump sum investment. Like if a person is investing 10$ per week then he is like investing a lump sum of 10$ in week one and then a lump sum 10$ in week two and so on. DCA is also a kind of accumulation of Lump Sum investment that are made over a period of time. It's my own interpretation, it may or may not be correct.

There is nothing wrong with that interpretation, except that sometimes we need to be able to distinguish between different kinds of practices in order that we can clearly communicate what we are talking about, yet surely a guy can structure his finances (cashflow) in such a way that he invests as much as he can into bitcoin every single time that he receives pay.  He calculates out the amount that he has to set aside for his expenses, and then he attempts to maximize his BTC buys with whatever he has available, and sure sometimes the amounts might be regular and weekly or every couple of weeks, but every once in a while he might receive amounts that are way larger than his regular amount, so perhaps every week he is getting around $10 extra that he can spend on BTC, but every 3-4 months he has some side project that he receives somewhere between $150 and $300 - depending on details of how the project ended up going, so at that time, when he gets those larger payment amounts, he suddenly has 15x to 30x his usual weekly DCA amounts, so he knows that he could still choose to treat the amount as a DCA amount and buy right away, even though he also knows that when he gets those larger amounts, he has more options during the times that he ends up receiving those larger than usual amounts.

You also have a valid point that anyone who invested a huge money several years ago and is ignorant about Bitcoin that he didn't invest at later stage, such are just hypothetical assumptions. The person who is investing a lump sum money into bitcoin is well aware about Bitcoin and will continue to invest in Bitcoin over a period of time.

From time to time, there are still going to be some strange situations that end up happening in terms of guys sometimes forgetting about their BTC or even forgetting how to access it.. and then maybe remembering at some later point...... .so even a person might buy a few hundred dollars worth of bitcoin, and then maybe the price goes up 8x or more, so the guy goes to try to figure out how to access his  BTC, but he cannot figure it out, and then maybe the price drops back down, so then he thinks that he will just get back to the problem of trying to access his coins later, and maybe he keeps procrastinating because he is not even sure he can figure it out, and maybe the BTC price goes up again, and then it is 20x or more higher than his earlier price, so then he becomes even more inspired to try to figure out how to access his coins.. and yeah, maybe it sounds weird.. but there can sometimes be weird kinds of situations that may also relate to a person who has a variety of other things going on in their lives and maybe even  some explanation why they are not putting more effort into monitoring and/or managing their BTC in a more reasonable (or normal) way.

As far as bitcoin investment is concerned, both the poor and the rich investors need to set aside an emergency fund because it is what will help them to solve their unforeseen problems that may occur along their bitcoin accumulation journey. Even if they don't build up their emergency fund at the beginning of their bitcoin investment, there is no problem with it; they can go ahead and start their bitcoin investment, but they should make sure to build it up as they are accumulating bitcoin. Surely bitcoin investment is applicable on a long-term basis, so anyone who is interested in investing in bitcoin should understand that bitcoin investment is about being patient because it is only in the long run that someone can actually achieve success in bitcoin investment.

I agree with you, this is the knowledge some individuals lack before beginning their Bitcoin investment. Many people believe that the Bitcoin they are holding will serve as the funds they will spend in times of emergency, but this is not the case when it comes to Bitcoin accumulation; one must have an emergency fund separate from their Bitcoin holdings because selling part of their holding will affect their accumulation. Though some people might find it difficult to set aside funds for an emergency if they are already accumulating Bitcoin, it is best for them to do so before they begin to accumulate Bitcoin.

Of course, anyone who believes they can succeed in a Bitcoin investment needs patience. As long as an individual is prepared to invest in Bitcoin, regardless of their financial situation, they must set aside emergency funds since Bitcoin is not a way to get quick money to meet our needs or to escape poverty.

In my opinion, emergency funds are important and mandatory for long-term Bitcoin holders in any way, especially DCA, and they should prepare or set aside money so that they can continue to buy Bitcoin regularly and also set aside for emergency funds, so that investment plans that are carried out in the long term can run well and also generate large profits because the Bitcoin they own remains intact without being touched for other interests for whatever reason even though it is very important.

And if emergency funds are an obstacle, then what must be done is to try to find a side job or additional income so that you can meet the emergency fund. And besides that, with this additional income, you can increase the nominal purchase of Bitcoin that you usually buy periodically and this is a smart way and most people succeed in any investment and if this method can be practiced with Bitcoin, the results will be more satisfying in the future.

Even though a side job can provide more discretionary income and even more comfort in regards to having back up sources of funds, a side job does not negate the need to build up an emergency fund.

So emergency funds tend to specifically relate to loss of income or some outrageously large and unexpected expenses.  Most people should have other kinds of back up funds that they would use for other purposes that would be used prior to the emergency funds ever being touched.. so in an ideal world a person goes 20-30 years or more without ever having to touch their emergency funds.  Of course, the longer that we invest, the more likely that we are going to build up a variety of assets besides just bitcoin, and some  of the assets could serve as emergency funds to the extent that they are liquid and potentially similar to cash - yet also once we get through 2-3 or more bitcoin cycles, we might end up getting our BTC investment up to a certain size that changes the way that we think about the balancing of our various kinds of funds and investments.. and also figuring out how much cash we might have on hand, including considering if we might also start to figure out ways to cash out of our BTC in sustainable ways, especially if we might have had ended up reaching a status of overaccumulation of BTC.

[suzanne5223]

One thing that is so advantageous to retrospectively analyzing DCA is that we can plug in some numbers to see how they play out during such time and get a bit of an automated and standard output.

~snip

I have one thing going on in my mind for quite long i.e. DCA is also a form of lump sum investment. Like if a person is investing 10$ per week then he is like investing a lump sum of 10$ in week one and then a lump sum 10$ in week two and so on. DCA is also a kind of accumulation of Lump Sum investment that are made over a period of time. It's my own interpretation, it may or may not be correct.

You also have a valid point that anyone who invested a huge money several years ago and is ignorant about Bitcoin that he didn't invest at later stage, such are just hypothetical assumptions. The person who is investing a lump sum money into bitcoin is well aware about Bitcoin and will continue to invest in Bitcoin over a period of time.

From my understanding of what DCA is about. You have explained what it means but the major challenge of DCA's investment strategy is constantly regurgitating the investment which I believe is the reason why JayJuanGee brought up the idea of analyzing the plug-in numbers to see how it plays out.

Yes, DCA is the method that is understood and used by Bitcoiners, not rich/naive folks who join the market due to the advantage presented by Bitcoin.

[_BlackStar]

-snip-

From my understanding of what DCA is about. You have explained what it means but the major challenge of DCA's investment strategy is constantly regurgitating the investment which I believe is the reason why JayJuanGee brought up the idea of analyzing the plug-in numbers to see how it plays out.

Yes, DCA is the method that is understood and used by Bitcoiners, not rich/naive folks who join the market due to the advantage presented by Bitcoin.

DCA requires you to constantly have a budget in your pocket to purchase and purchase within the time period you determine. Not everyone is suited to this strategy - but you can get around this by not using 100% of your budget on your first purchase. Set aside a few percentages into several parts – for example 25% of each purchase, that is also referred to as DCA. If you have an extra budget each month - it's probably safe for you to spend 100% of that budget on each purchase and you'll do DCA again next month. In essence, DCA is an adjustment by dividing several parts of your capital instead of buying all at once with 100% of the capital.

[Tonimez]

I stumbled on this news late night but what caught my attention was the part that emphasized on the fact that this is the first time bitcoin is going below 100k in 10 days. This immediately rose above 100k within hours. The speculations on bitcoin future is unfolding. If this trend continues, a time will come when it will never be heard that bitcoin is going below 100k. Buy the Dip and Hodl, that's the only way. Someone who saw it at 98.5k would think it will fall further as even the media predicted further fall before returning above 100k.

Bitcoin is the future of economy and only those that trust the process can harness what it has in stock.

[JayJuanGee]

One thing that is so advantageous to retrospectively analyzing DCA is that we can plug in some numbers to see how they play out during such time and get a bit of an automated and standard output.
~snip

I have one thing going on in my mind for quite long i.e. DCA is also a form of lump sum investment. Like if a person is investing 10$ per week then he is like investing a lump sum of 10$ in week one and then a lump sum 10$ in week two and so on. DCA is also a kind of accumulation of Lump Sum investment that are made over a period of time. It's my own interpretation, it may or may not be correct.

You also have a valid point that anyone who invested a huge money several years ago and is ignorant about Bitcoin that he didn't invest at later stage, such are just hypothetical assumptions. The person who is investing a lump sum money into bitcoin is well aware about Bitcoin and will continue to invest in Bitcoin over a period of time.

From my understanding of what DCA is about. You have explained what it means but the major challenge of DCA's investment strategy is constantly regurgitating the investment which I believe is the reason why JayJuanGee brought up the idea of analyzing the plug-in numbers to see how it plays out.

Yes, DCA is the method that is understood and used by Bitcoiners, not rich/naive folks who join the market due to the advantage presented by Bitcoin.

If we are looking back at history, and we have actual numbers because we know enough about a person's situation, then we would have the actual numbers that we could plug in and also see the variations in amount invested or other factual matters with a potential of making actual comparisons and based on actual hypothetical facts, even though we might end up guessing if we are trying to proclaim a person might invest based on sentiment rather than investing strictly based on how much disposable income he had coming in (for example calculating the disposable income for each wee and then presuming 50% had been used to buy bitcoin as compared with some other scenario). 

Many times when we are arguing on a forum like this we don't necessarily have enough information to plug in actual details, so we might just end up giving some general number like $100 per week for the past 8 years and then plugging that into a DCA calculator, and frequently that can be good enough to compare DCA versus lump summing at various points.

If we are trying to project into the future, then we still might get some kind of an idea about how much income we have and we can project out various price scenarios for the BTC price, so we could see a base case scenario as compared to best case scenario, worse case scenario and likely variations of the scenarios, and we could get some pretty decent ideas, even though for sure we are not going to know all of the details and if we were going to attempt to maintain such future projection, we likely would have to tweak our future projection from time to time to account for actual facts or changes to circumstances that would likely change the future scenarios. 

I think that an Excel spreadsheet can be quite powerful to make make future projections, including once we make our base case scenario, then we can copy paste a lot of the variables into new columns in order to create a variety of scenarios, and we can build on our variables and also save our earlier versions.  It can be quite helpful to assist us in working through various scenarios and even to figure out which portions we can control and which portions are out of our control, yet we can still attempt to account for the knowns and the unknowns, including using probability and percentages and even  incorporate some of our theories of the world, to the extent that we believe that our theories could impact the variables of the scenarios.

-snip-

From my understanding of what DCA is about. You have explained what it means but the major challenge of DCA's investment strategy is constantly regurgitating the investment which I believe is the reason why JayJuanGee brought up the idea of analyzing the plug-in numbers to see how it plays out.

Yes, DCA is the method that is understood and used by Bitcoiners, not rich/naive folks who join the market due to the advantage presented by Bitcoin.

DCA requires you to constantly have a budget in your pocket to purchase and purchase within the time period you determine. Not everyone is suited to this strategy - but you can get around this by not using 100% of your budget on your first purchase. Set aside a few percentages into several parts – for example 25% of each purchase, that is also referred to as DCA. If you have an extra budget each month - it's probably safe for you to spend 100% of that budget on each purchase and you'll do DCA again next month. In essence, DCA is an adjustment by dividing several parts of your capital instead of buying all at once with 100% of the capital.

I consider DCA  to be way more flexible than you are making it out to be.  You could have DCAs that are very aggressive and approach the use of 100% of your disposable income for buying BTC whenever the money comes in or you can make a weekly determination.

You could also set up DCA to be automatic and a very low number such as $10 per week (and maybe your disposable income is $1k per week, so you pick a real low and whimpy number such as $10 per week, or you could pick a more aggressive number.  Of course the more aggressive you are, then the more careful you need to be that you don't overdo it and make mistakes and being more aggressive likely justifies having a more solid system of emergency and back up funds in place in order to rescue you if .you go to far in regards to your DCA or if you miscalculate and end up spending outside of your disposable income and from money you need for your expenses.

I stumbled on this news late night but what caught my attention was the part that emphasized on the fact that this is the first time bitcoin is going below 100k in 10 days. This immediately rose above 100k within hours. The speculations on bitcoin future is unfolding. If this trend continues, a time will come when it will never be heard that bitcoin is going below 100k. Buy the Dip and Hodl, that's the only way. Someone who saw it at 98.5k would think it will fall further as even the media predicted further fall before returning above 100k.

Bitcoin is the future of economy and only those that trust the process can harness what it has in stock.

The article sound retarded and an exaggeration.

Wake me up if the BTC price goes below $85k.. otherwise the supposed crash (or correction) or whatever is noise. 

BTC prices move around all of the time and even in way more grand ways than 10-15% corrections, which arguably at best we got to a 9% correction from $107,149 to $97,750, and sure maybe there is more to come...though I am having my doubts about sub $85k which might start to get my attention.  Perhaps? perhaps?  And what if we use our ATH of $109,356, then that would be nearly an 11% correction..   Not even close to unusual.

[bestcandy]

One thing that is so advantageous to retrospectively analyzing DCA is that we can plug in some numbers to see how they play out during such time and get a bit of an automated and standard output.

~snip

I have one thing going on in my mind for quite long i.e. DCA is also a form of lump sum investment. Like if a person is investing 10$ per week then he is like investing a lump sum of 10$ in week one and then a lump sum 10$ in week two and so on. DCA is also a kind of accumulation of Lump Sum investment that are made over a period of time. It's my own interpretation, it may or may not be correct.

You also have a valid point that anyone who invested a huge money several years ago and is ignorant about Bitcoin that he didn't invest at later stage, such are just hypothetical assumptions. The person who is inve. sting a lump sum money into bitcoin is well aware about Bitcoin and will continue to invest in Bitcoin over a period of time.

It appears to me that you don't know the difference between dollar cost average ( DCA) and lump summing because if you do..., you wouldn't be saying that DCA is same thing as lump summing and in case you have forgotten i will let you know the difference between them. DCA method is a weekly or monthly approach in which an investor can use to accumulate his or her Bitcoin investment while the lump sum is a method of Bitcoin accumulation in which an investor buy Bitcoin in a large quantity which can either be ones, twice or more in a year depending on the investor capacity and remember lump sum can not be done weekly or monthly but if is it been done that way then it becomes a DCA method and DCA can not be done or is not suppose to be done ones, twice or more in a year else it becomes an inconsistent investment. Some people do not invest lump sum in Bitcoin because they are fully aware of what Bitcoin is all about rather some people like trying things.

DCA method of buying Bitcoin is a several payment of a fraction of Bitcoin with small amount of money, this method is so useful to some have limited fund to invested in Bitcoin. Let's say you have a certain amount of Bitcoin you want to buy but you don't have the actual fund at hand then you decide to be consistently buying a fraction of it with a small amount of money maybe on weekly or monthly basis to enable you acquire a sgnificant volume of Bitcoin with time. But in lump sum you are expected to make a single payment for the particular volume of Bitcoin you want to buy at a particular time. Lump sum method is mostly beneficial to those that have a certain fund available to invest in Bitcoin at a particular time regardless to any other financial obligations.