JayJuanGee (OP)
Legendary
Online
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Self-Custody is a right. Say no to "non-custodial"
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[edited out]
Your math is perfect. When the portfolio matures after 5 years of DCA, the new $2,000 doesn't make much of a difference in overall value (only 3%). This phenomenon is called the "Law of Diminishing Returns" in portfolio theory. At this point, it is wiser to keep the excess money as 'dry powder' or liquid cash until the market goes into a deep dip, rather than distributing it to regular DCA over the next 5 weeks. When Bitcoin crashes by 30% or 40%, this $2,000 lump-sum investment will help to bring down the average buy price of a large portfolio more effectively. But I agree with you, whatever the strategy, having surplus funds gives an investor the biggest psychological advantage in the market. Whenever a guy has a lump sum, he has options, and he can employ any of the three of the techniques. 1) buy right away, 2) defer by time (DCA) and/or 3) defer by price (buy on dips that might not happen). There are trade-offs to each approach and the guy can decide based on his then situation which of the techniques (or all three) that he wants to apply and how. If he is in doubt, he could just allocate 1/3 in this case $666.67 to each of the categories. [edited out]
I don't see it as a big deal looking at the market periodically to know what's happening in the market, because it's only when you take a look at what's going on there , and you will get to know when their is a dip or not, but what I think that is wrong is staying glue to the chart, like constantly monitoring it's hourly, that's the trait of a trader, and by doing so you might temper or sell your Bitcoin investment in panic if your emotions gets the better of you. So checking on the value of Bitcoin to see what's happening in the market is not bad, but doing it in excess like staying glue to the chart is where it's totally wrong. There is a difference between monitoring and analyzing and keeping track versus acting upon the information. A guy can watch the BTC price on a daily basis out of curiosity, and he can keep charts of all his BTC buys that show the prices and the average costs per BTC, yet if he has a plan to ongoingly buy bitcoin no matter the price for 1-2 cycles or longer, then in his first cycle or two, he may well stick to his plan and ongoingly buy bitcoin, so it won't matter if he has a spread sheet (or other charts and graphs) showing his costs per coin, how many coins he got at certain points in time and various other price related information contained within the charts - especially if he is mostly sticking with his plan to ongoingly accumulate bitcoin through buying only during his BTC accumulation period. A guy can have both goals/practices at the same time. He can be focused on bitcoin accumulation no matter the price, but he can also be keeping track of various aspects of his bitcoin holdings while it is ongoingly growing in size, yet perhaps ongoingly changing in dollar value, too.. and yeah, likely his main focus would be making sure that he is ongoingly growing the number of bitcoin (sats) that he is holding, and the price and/or cost of those bitcoin over time is likely a less important piece of information that he is tracking.
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1) Self-Custody is a right. Resist being labelled as: "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Cyber_warrior
Full Member
 

Activity: 378
Merit: 162
Bitz.io Best Bitcoin and Crypto Casino
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Today at 03:39:11 PM |
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buying aggressively doesn’t have anything to do with back up funds. When you buying aggressively it either you have a case of Lump sun or having an increase in discretionary income and sometimes some one can even have an increase in discretionary and not be aggressive. Incase where you have an increase in discretionary income some people might choose to allocate more of it to buying aggressive, some might allocate it to emergency funds or even reserve funds or even something outside bitcoin and will end up putting little into bitcoin.
It really good to have back up funds in a Bitcoin journey but in a case go buying aggressively back up fund play little or no role because it sole purpose is to come in when their is case of personal emergency.
Yes i understand your point that your discretionary income is what determines how a person gets aggressive based on how much he is willing to allocate into buying Bitcoin but then one cannot totally ignore not having your back up funds in place before buying aggressively. It's always better to be responsible when investing aggressively and that's why having a back up funds before you get aggressive is important. @JJG explained this earlier when he made it clear to me that getting aggressive with your buys without having your back up funds is risky for one's investment. Aggressive accumulation is done with discretionary income and if you have been investing then you must have been sorting out your back up funds alongside your investment so having a back up fund to get aggressive is important.
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sotelorene
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Today at 03:49:48 PM |
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Anyone that thinks that dca accumulating strategy slow down Bitcoin accumulation is just an impatient traders that thinks that a proper Bitcoin accumulation is something that happens overnight, without looking at the fact that it happens overtime when you are consistent in your dca accumulating strategy. What makes the dca accumulating strategy unique is that you will have the chance to buy at every price interval, and may even do it aggressively during the dip with your reserve funds, so it's the best Bitcoin accumulating strategy statistically.
But I think what matters most is having a good method and staying discipline and consistent with it , waiting only for the dip is not always the best strategy because nobody can perfectly predict the future market. But if one are already purchasing and accumulating Bitcoin weekly or monthly then taking advantage of the dips. For me buying the dip shouldn't be the main strategy yet it should just be an extra opportunity to accumulate more while sticking to your regular investment . Many of this new investors of bitcoin fails to understands is that there are alot of opportunity and benefits in DCA strategy when it comes to invest in bitcoin. During DCA we can witness so many opportunities even this opportunity of buying during dips we can witness as many as possible because we are keeping up with constant accumulation either it being weekly or monthly which gives us edge that we might one day come across dips so as an investor avoiding the procrastination of waiting for dips and start the journey toward building your future with bitcoin. With DCA we might end up not even buying at dips but the outcome of our constant accumulation of bitcoin could be something massive in the future. it is not only new investors that fails to understand that because even some folks that are not new sometimes do fail to understand too and again do not limit this opportunity and benefit to the DCA method alone because all the methods are unique in their own different ways and like i always say it is not just about understanding the benefits and opportunity of the DCA method but also by knowing what you are actually doing and the reason you are accumulating Bitcoin.
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Frankolala
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Today at 03:58:39 PM |
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buying aggressively doesn’t have anything to do with back up funds. When you buying aggressively it either you have a case of Lump sun or having an increase in discretionary income and sometimes some one can even have an increase in discretionary and not be aggressive. Incase where you have an increase in discretionary income some people might choose to allocate more of it to buying aggressive, some might allocate it to emergency funds or even reserve funds or even something outside bitcoin and will end up putting little into bitcoin.
It really good to have back up funds in a Bitcoin journey but in a case go buying aggressively back up fund play little or no role because it sole purpose is to come in when their is case of personal emergency.
Someone with a strong backup funds and an organized cash inflow management will be able to be aggressive in his bitcoin investment without any problem. You should know that aggressive buying isn't by the size of your discretionary income but by the quantity of your discretionary income that you put into bitcoin. Someone with a low discretionary income can even buy aggressively too. I don't think that it makes sense for your discretionary income to increase and you didn't also increase your DCA amount because we are all aiming to reach our bitcoin target fast. So instead, of accumulating in a whimpy way and put more of your discretionary income into consumable stuffs, it's better to put more of your discretionary into bitcoin.
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Big Dirams
Full Member
 

Activity: 238
Merit: 134
Bitcoin Casino Est. 2013
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Today at 04:02:00 PM |
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If a person has an income of $30k per year and he decides to invest $100 per week into bitcoin (17.3%), then maybe after 5 years he had invested $26k into bitcoin, and if bitcoin suddenly goes up 5x to be worth $130k in a fairly short period of time, the guy might not know how to deal with that situation. Is he going to keep buying bitcoin? Stop buying bitcoin? Or is he going to be tempted to sell some of his bitcoin?
Maybe he never had any investment that was worth that much money, so he has to learn how to deal with having that money and knowing that the price is volatile and that he can sell the bitcoin at any time that he wants. Building up a habit of ongoingly buying bitcoin can help in these circumstances, but also building up back up funds can help in these types of circumstances, too. .
That absolutely a high percentage of bitcoin returns that comes after constant accumulation of bitcoin for over 5years. But I’m a bit loss right now so what should be the investors decisions here or does it totally comes down to the investors to decide on what to do with the bitcoin or is there any positive way to approach a situation like this. I’m just so curious because with high amount of bitcoin like this then such investors would be totally confused so what should be his decision here. Keeping up with more accumulation? Or selling off all his holdings? Or even maybe selling some and securing it what should be the decision here @JayJuanGee. Well I came up with a suggestion don’t know if it suit well but just an opinion though. What if the investors reduces his or her weekly budget for the constant accumulation, so it would reduced the risk a little bit afterall the holder has made so much from the journey. Reducing their monthly or weekly budget would be a smart one to reduce the risk even if the budget is been reduced by 60% or more
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BluebloodCXVI
Jr. Member

Activity: 56
Merit: 19
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Today at 04:52:08 PM |
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[edited up]
I agree that common sense matters, but I also think common sense can mean different things depending on a person’s experience and financial situation. What seems obvious to someone who has spent years managing investments may not be obvious to someone that is just getting started and that’s probably why principles like budgeting, backup funds, and staying within discretionary income are useful, because they provide some structure when experience or judgment is still developing. So personally i believe learning and adjusting over time is likely just as important as relying on common sense alone.You don't seem to understand what is common sense, since common sense would not suggest any specific knowledge or that you just sit back and not learn anything, yet any person who has common sense would be able to learn all of the skills related to bitcoin investing and cashflow management, even though he might well make quite a few mistakes within the learning journey. Common sense says that if you don't know how to calculate whether you have discretionary funds or if you have enough funds to buy bitcoin, either you invest a small amount or you practice with your math to make sure that you are comfortable. Common sense says that if you have no information about how to get bitcoin, then maybe you need to figure out the various ways to get bitcoin and decide how you might want to start out. Common sense says that you would likely prefer to not lose money, so you may well consider that if you might be brand new to bitcoin and you don't know very much about it, then you would likely error on the side of investing smaller amounts while you are learning about it,and you would not increase the amount until you learn some specifics that might help to satisfy you in light of your own cashflow management experiences and/or in consideration if you have any investing experiences. I am presuming that around 97% of people have sufficient common sense to be able to invest into bitcoin, yet the mere fact that they have common sense and that they have discretionary income does not mean that they are personally ready to get started, since they need to also be psychologically ready.. not just financially ready... even though at the same time, if a person clearly determines that he has $100 in discretionary funds that are available each week that he knows could be invested into bitcoin, then I find it hard to suggest that he should wait when he can start out with $30 per week and then spend time learning about whatever areas he believes that he needs to learn in order to become more comfortable and to be able to increase the amount from $30 to $100 per week. Yet, at the same time, if he does not have any time to look into bitcoin further, then perhaps he has to keep his investment amount at $30 per week until he is able to gardner up enough time to be able to look into any bitcoin-related areas (and/or cashflow management related areas) that he might need to look into. I get your point better now, and I actually agree with a lot of what you said. I think I probably didn’t explain my original point as clearly as I intended to. I wasn’t trying to say that people need to already have specific knowledge before they start, or that they should sit around waiting until they become experts before learning anything, my point was more that “common sense” can sometimes look different depending on the person and their level of experience, you understand? Take for example, someone who has been dealing with investments or managing cashflow for years, taking certain decisions may feel natural and less complicated but for someone who is completely new, those same things may not feel nearly as obvious because they’re still trying to understand risk, discretionary income, and what level of exposure they’re personally comfortable with. I do agree with your point though that common sense should push people to recognize what they don’t know, start small, learn gradually, and avoid unnecessary risks rather than jumping in blindly. I also agree that being psychologically ready matters just as much as being financially ready. I think the point I was trying to make is that things like budgeting, emergency funds, and cashflow principles can give people some structure while they’re still building experience and confidence in their investment journey. So I think we’re actually closer in our views than I initially thought. I was focusing more on a structure helping people during the learning process, while you were focusing more on judgment and learning through experience. And yeah, maybe we are not very accustomed to using our common sense to work out problems and to exercise good judgement, and surely if we might be new to investing and managing our cashflows, then we may well have to error on the side of caution as we get used to these new kinds of activities.. and I personally tend to presume that guys tend to operate with a bit of a cash cushion in their own ways of dealing with their income and their expenses (maybe they have 2-6 weeks of their expenses that they keep as a cushion?), even prior to investing in bitcoin, yet once they are investing in bitcoin, there is more reason to manage cashflows better and to keep more back ups funds (whether they are all in cash or not, the basic 1st month or so should be in cash in the local currency), since bitcoin tends to be very liquid and very volatile, so guys can be tempted to sell their bitcoin or fail to ongoingly buy bitcoin based on their own failures in their cashflow management (and their building and maintenance of back up funds).
I think the point about Bitcoin exposing weaknesses in cashflow management is interesting. When an asset is highly liquid and volatile, poor financial habits can become more visible because people may feel pressure to sell during difficult periods or stop accumulating altogether. I’d only add that not everyone starts from the same financial position, some people already operate with a cushion, while others are building their own from the scratch. If a person has an income of $30k per year and he decides to invest $100 per week into bitcoin (17.3%), then maybe after 5 years he had invested $26k into bitcoin, and if bitcoin suddenly goes up 5x to be worth $130k in a fairly short period of time, the guy might not know how to deal with that situation. Is he going to keep buying bitcoin? Stop buying bitcoin? Or is he going to be tempted to sell some of his bitcoin? I think all three things you mentioned are realistic, and that’s kind of the whole issue. If Bitcoin 5x happens quickly, what the person does next really depends on their mindset and whether they had a plan before it happened. Without that, he’s basically making decisions in the middle of emotions instead of following a clear direction. He could keep buying if he still believes in long-term accumulation and doesn’t care much about short-term price moves. He could also stop buying if the new price feels too expensive than compared to what they used to buy before. Or he might be tempted to even sell some simply because seeing that kind of profit of $130k in real time can change how they feel psychologically, especially if it’s their first time experiencing something like that. So I think it’s less about which option is correct, and more about whether the person already decided ahead of time what they are trying to do. If there’s no plan in place, then all three reactions start to feel reasonable in the moment, and that’s where people usually get inconsistent. So caution makes sense early on, but there’s also a balance, if someone becomes overly focused on building larger and larger backup funds, they could end up delaying investing indefinitely. The challenge is finding a level of preparedness that reduces unnecessary risk without creating paralysis.
Hopefully newbies who are involved in this thread are figuring out ways to get started investing in bitcoin, and simultaneously building their back up funds and ultimately acting rather than waiting. So guys have to figure out how to help themselves and to figure out their position size in regards to bitcoin whether they are buying weekly or otherwise, and sure at the same time making sure to build and maintain some quantity of back up funds. Yeah, I agree with you, especially on the idea that people should actually start instead of just thinking and overanalyzing everything. For most beginners, the hardest part isn’t even buying Bitcoin, it’s just figuring out how to fit it into their own money situation in a way that feels safe and sustainable. So things like choosing a position size they can stick with, while still keeping some backup funds aside, really matters. Once that is in place, people usually learn a lot just from experience over time. The main thing is avoiding both extremes and going in too hard emotionally, or waiting forever for the perfect time that never really shows up.
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In A World Of Inflation, Choose Scarcity.
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GhostOfBitcoin
Newbie

Activity: 28
Merit: 6
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Today at 04:59:27 PM |
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[ [edited out]
True, since if they are consistently doing DCA for lots of years. That $2k will be not as huge compare on the overall portfolios that they owned. This is actually the best thing about compounding since they may feel heavy at early phase, but when they are on it for lots of years they may feel its normal and those accumulations phases feel's light. What's actually the best part their is those extra funds they have offer them flexibility. On which they can hold it back depends if they are comfortable to do it, spread out or even do front load. Their discipline towards being consistent with their accumulations matters more than doing any single lump sum. It cuts both ways, and if guys are not consistently buying, then after a while they might start to feel that they no longer need to buy because each small amount that they buy is not adding very much value to the overall bitcoin stack size. Whether they are making an appropriate assessment is not always clear, since there may well be guys who stacked coins for several years, yet they ended up stopping or slowing down their stacking, so it ends up taking them way longer than it should have had taken to get to a point of overaccumulation. Think about two guys who started out investing $100 per week into bitcoin 10 years ago (in April 2016), and after their first year, they invested $5,200 and they had accumulated 8 bitcoin. Maybe the first guy stops buying because he figures that he has enough and he doesn't really want to keep buying bitcoin when the prices are much higher than when he started. The second guy continues to buy bitcoin at $100 per week for the next 9 years from April 1, 2017 until now, so he invested another $48k and got another 4.2 BTC, so he had invested a total of $53,200 and his total bitcoin is 12.2, and the first guy still just has 8 bitcoin (to the extent that he was able to hang onto the 8 BTC), yet the first guy ONLY invested $5,200. Which guy would you rather be? It is not uncommon for some guys to give up stacking bitcoin early, and sometimes they even will sell parts of their stash so guy 1 might not have had been able to hang onto 8 whole bitcoin for 9 years, and guy 2 just continued to stack in order to get to 12.2 BTC, which seems to have had put him in a way better position than guy 1, even though he invested 10x more than guy 1, and he only got 50% more bitcoin.. yet there seems to be some value in continuing to plod away in terms of staying focused on ongoing buying. You explained the importance of consistency in Bitcoin accumulation very well and it clearly shows that stopping halfway can end up being a disadvantage in the long run. People need to understand that once they decide to invest for the long term there is no reason to stop buying just because the price has increased compared to when they start or because they feel their purchase no longer have enough impact. There’s also no need to force yourself to increase the amount you invest if it is not comfortable financially and even sticking to the same amount you started with can still turnout to be something reasonable with time if it is done consistently. And naturally when someone stops buying completely it is easier for them to lose the mindset and discipline of regular accumulation which can easily lead to selling their holdings. Consistent buying does not only help grow holdings it also helps maintain long term commitment and discipline. The real advantage is not just the amount of Bitcoin accumulated but the mentality and consistency developed from buying regularly. So to answer the question I think personally I would rather be the guy who continued buying consistently till the end. A The biggest mistake in long-term savings is to stop halfway due to fluctuations in market prices. Whenever I stopped buying Bitcoin because of fear of price increases or because I thought I was buying less, my savings discipline was broken. Later, it turned out that I made the wrong decision at a high price due to FOMO. DCA (Dollar-Cost Averaging) in Bitcoin, or saving small amounts regularly, not only increases our holdings, but also gives us peace of mind in the face of market volatility.Even if the amount of money is small, if you maintain consistency, it becomes huge over time due to the Compounding Effect. Those who give up in the middle, often lose patience and panic sell at a low price. Therefore, discipline and long-term commitment are much more valuable than quantity in Bitcoin savings. Like you, I will choose to be consistent in the end. [edited out]
Your math is perfect. When the portfolio matures after 5 years of DCA, the new $2,000 doesn't make much of a difference in overall value (only 3%). This phenomenon is called the "Law of Diminishing Returns" in portfolio theory. At this point, it is wiser to keep the excess money as 'dry powder' or liquid cash until the market goes into a deep dip, rather than distributing it to regular DCA over the next 5 weeks. When Bitcoin crashes by 30% or 40%, this $2,000 lump-sum investment will help to bring down the average buy price of a large portfolio more effectively. But I agree with you, whatever the strategy, having surplus funds gives an investor the biggest psychological advantage in the market. Whenever a guy has a lump sum, he has options, and he can employ any of the three of the techniques. 1) buy right away, 2) defer by time (DCA) and/or 3) defer by price (buy on dips that might not happen). There are trade-offs to each approach and the guy can decide based on his then situation which of the techniques (or all three) that he wants to apply and how. If he is in doubt, he could just allocate 1/3 in this case $666.67 to each of the categories. As a Bitcoin investor, I disagree with your third point. Putting away a third of your cash just hoping for a dip often results in an 'opportunity cost'. Because in a bull market, if the price doesn't go down, that money sits idle and loses value due to inflation. So in my opinion, it would be wise to convert strategy number 3 into a Dynamic DCA or Value Averaging, rather than leaving it completely idle. That is, if the market is normal, the normal DCA will run, and if there is a big crash or dip, then a large buy order will be executed from that accumulated fund.I have had good results using this hybrid model myself. Your idea of dividing this $666.67 into three parts will be a great help for beginners to control their emotions and avoid FOMO.
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Gost ms
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Today at 05:05:46 PM |
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If a person has an income of $30k per year and he decides to invest $100 per week into bitcoin (17.3%), then maybe after 5 years he had invested $26k into bitcoin, and if bitcoin suddenly goes up 5x to be worth $130k in a fairly short period of time, the guy might not know how to deal with that situation. Is he going to keep buying bitcoin? Stop buying bitcoin? Or is he going to be tempted to sell some of his bitcoin?
Maybe he never had any investment that was worth that much money, so he has to learn how to deal with having that money and knowing that the price is volatile and that he can sell the bitcoin at any time that he wants. Building up a habit of ongoingly buying bitcoin can help in these circumstances, but also building up back up funds can help in these types of circumstances, too. .
That absolutely a high percentage of bitcoin returns that comes after constant accumulation of bitcoin for over 5years. But I’m a bit loss right now so what should be the investors decisions here or does it totally comes down to the investors to decide on what to do with the bitcoin or is there any positive way to approach a situation like this. I’m just so curious because with high amount of bitcoin like this then such investors would be totally confused so what should be his decision here. Keeping up with more accumulation? Or selling off all his holdings? Or even maybe selling some and securing it what should be the decision here @JayJuanGee. Well I came up with a suggestion don’t know if it suit well but just an opinion though. What if the investors reduces his or her weekly budget for the constant accumulation, so it would reduced the risk a little bit afterall the holder has made so much from the journey. Reducing their monthly or weekly budget would be a smart one to reduce the risk even if the budget is been reduced by 60% or more We should definitely continue buying until we are able to reach our goal. The price of Bitcoin is very volatile, the market can rise and fall at any time and we have to move forward ignoring everything. A person who is able to hold on for the long term without stepping into the trend of short-term profit may get better results in the future than short-term profit. But yes, if someone's investment has increased a lot or if his investment has doubled or even more profit a few days after investing. In that case, he can definitely enjoy some of the profit and can hold the rest of the investment for the long term or hold it until he reaches his goal.
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Joeboy
Sr. Member
  

Activity: 378
Merit: 259
Not Your Keyz Not Your Coinz
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Today at 05:11:24 PM |
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buying aggressively doesn’t have anything to do with back up funds. When you buying aggressively it either you have a case of Lump sun or having an increase in discretionary income and sometimes some one can even have an increase in discretionary and not be aggressive. Incase where you have an increase in discretionary income some people might choose to allocate more of it to buying aggressive, some might allocate it to emergency funds or even reserve funds or even something outside bitcoin and will end up putting little into bitcoin.
It really good to have back up funds in a Bitcoin journey but in a case go buying aggressively back up fund play little or no role because it sole purpose is to come in when their is case of personal emergency.
Yes i understand your point that your discretionary income is what determines how a person gets aggressive based on how much he is willing to allocate into buying Bitcoin but then one cannot totally ignore not having your back up funds in place before buying aggressively. It's always better to be responsible when investing aggressively and that's why having a back up funds before you get aggressive is important. @JJG explained this earlier when he made it clear to me that getting aggressive with your buys without having your back up funds is risky for one's investment. Aggressive accumulation is done with discretionary income and if you have been investing then you must have been sorting out your back up funds alongside your investment so having a back up fund to get aggressive is important. You guys are literally saying the same thing... Backup funds dosen't appear out of the blues, it is sourced /or built using your discretionary income and so regardless of how you or Abbatty tries to put it, aggressiveness will still depend on the availability of your discretionary income...And that's why folks without any discretionary income would struggle very much to build any backup funds and they would as well struggle to make any aggressively buy..And so everything that pertains investing and aggressiveness, still boils down to the availability of your discretionary income...
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Muba20
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Today at 07:36:00 PM |
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We should definitely continue buying until we are able to reach our goal. The price of Bitcoin is very volatile, the market can rise and fall at any time and we have to move forward ignoring everything. A person who is able to hold on for the long term without stepping into the trend of short-term profit may get better results in the future than short-term profit.
But yes, if someone's investment has increased a lot or if his investment has doubled or even more profit a few days after investing. In that case, he can definitely enjoy some of the profit and can hold the rest of the investment for the long term or hold it until he reaches his goal.
In investing, one should have a long-term goal, but if the investment increases several times, then there may be a need to withdraw profits. I do not think that such a mentality is right and once such a habit is formed, it will be difficult to mentally handle it later. If someone makes an incredibly large profit, then it is normal for him to decide to withdraw it and it is better not to indulge in such behavior in the beginning. In this case, suppose an investor has started investing and every time the price increases, will he withdraw some profit from it? Since we invest with a long-term goal, if the habit of withdrawing profits is formed, how many times in ten years will he withdraw profits? Will he withdraw profits only when the price increases? Greed can work if the market increases rapidly, similarly, more frustration and panic will work in the market fall. Therefore, if there is a defined financial goal, risk management and practical need, at the same time, if the portfolio becomes very large, it is logical to safely set aside some profits. Repeatedly anticipating price movements and attempting to take profits can lead to trading.
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Lembo69
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Today at 07:45:54 PM |
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You explained the importance of consistency in Bitcoin accumulation very well and it clearly shows that stopping halfway can end up being a disadvantage in the long run. People need to understand that once they decide to invest for the long term there is no reason to stop buying just because the price has increased compared to when they start or because they feel their purchase no longer have enough impact. There’s also no need to force yourself to increase the amount you invest if it is not comfortable financially and even sticking to the same amount you started with can still turnout to be something reasonable with time if it is done consistently. And naturally when someone stops buying completely it is easier for them to lose the mindset and discipline of regular accumulation which can easily lead to selling their holdings. Consistent buying does not only help grow holdings it also helps maintain long term commitment and discipline.
The real advantage is not just the amount of Bitcoin accumulated but the mentality and consistency developed from buying regularly. So to answer the question I think personally I would rather be the guy who continued buying consistently till the end. A
Yes, I would like to draw some reasonable parallels with your words. If we stop investing midway, we really fall behind. Not only that, but when the price of Bitcoin drops, we also lose the ability to take advantage of that opportunity. We all know the story of the tortoise and the hare more or less. The hare stopped midway due to his overconfidence, and that is why he lost the race. The case is much the same in investment. If you cannot maintain the continuity of regular investment and stop midway, then over time you can fall far behind your financial goals. Therefore, time should be given utmost importance in investment. Especially in Bitcoin, investing patiently with a long-term plan creates the possibility of getting good results. In the end, the person who can save Bitcoin consistently can get the opportunity to build significant wealth in the future. History has shown that many of those who have delayed investing in Bitcoin have later regretted that decision. Therefore, we should not deviate from long-term investment plans unless there is a real urgent need and patiently move forward towards achieving our goals.
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Morayoam91
Newbie

Activity: 8
Merit: 0
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Today at 07:57:06 PM |
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Anyone that thinks that dca accumulating strategy slow down Bitcoin accumulation is just an impatient traders that thinks that a proper Bitcoin accumulation is something that happens overnight, without looking at the fact that it happens overtime when you are consistent in your dca accumulating strategy. What makes the dca accumulating strategy unique is that you will have the chance to buy at every price interval, and may even do it aggressively during the dip with your reserve funds, so it's the best Bitcoin accumulating strategy statistically.
But I think what matters most is having a good method and staying discipline and consistent with it , waiting only for the dip is not always the best strategy because nobody can perfectly predict the future market. But if one are already purchasing and accumulating Bitcoin weekly or monthly then taking advantage of the dips. For me buying the dip shouldn't be the main strategy yet it should just be an extra opportunity to accumulate more while sticking to your regular investment . I have never seen such an account in the market where it is necessary to predict the future and catch the correct price, because the price of Bitcoin may not be at the same position tomorrow, it is possible to be either dumping or pumping, so you should start investing with limited money because it is better to start from your current position without going back.
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nara1892
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Today at 08:03:35 PM |
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Anyone that thinks that dca accumulating strategy slow down Bitcoin accumulation is just an impatient traders that thinks that a proper Bitcoin accumulation is something that happens overnight, without looking at the fact that it happens overtime when you are consistent in your dca accumulating strategy. What makes the dca accumulating strategy unique is that you will have the chance to buy at every price interval, and may even do it aggressively during the dip with your reserve funds, so it's the best Bitcoin accumulating strategy statistically.
But I think what matters most is having a good method and staying discipline and consistent with it , waiting only for the dip is not always the best strategy because nobody can perfectly predict the future market. But if one are already purchasing and accumulating Bitcoin weekly or monthly then taking advantage of the dips. For me buying the dip shouldn't be the main strategy yet it should just be an extra opportunity to accumulate more while sticking to your regular investment . Yes, and the best method is to accumulate with the DCA strategy. Waiting for a decline will only cause delays. However, if the decline happens when you have reached your umpteenth purchase plan with the DCA method, then that is a good opportunity. If I were in that situation, I would probably increase my accumulated amount beyond the amount I usually enter. But, as you said, this is just an additional opportunity and does not mean we have to wait for the decline to occur. The point is to consistently accumulate without looking at the price.
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Umulala-alala
Sr. Member
  
Online
Activity: 476
Merit: 293
ALIGE
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Today at 08:41:36 PM |
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But yes, if someone's investment has increased a lot or if his investment has doubled or even more profit a few days after investing. In that case, he can definitely enjoy some of the profit and can hold the rest of the investment for the long term or hold it until he reaches his goal.
An investor is not supposed to be taking profit from his investment when he has not reached his over accumulation stage i don't see any need taking profit when you are supposed to be buying bitcoin that's gambling, it's traders sell when they see that they have gotten some little profit from there investment, as a BTC investor we are meant to be consistently buying bitcoin and hodl for long up to 4-10 years or more before we can think of taking little profit and still keep holding.
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