JJG’s Outline of Bitcoin Investment Ideas

[tvplus006]

...Hopefully, you have been following DCA in your own practice since I see that you have been registered on the forum since November 2017, so if you had started investing in bitcoin at around your forum registration date, then you would have had more than 8 years investing in bitcoin...

Yes, I have been using the DCA strategy regularly since I started participating in the signature campaign. This allows to invest in the purchase of BTC for 100 bucks per week. But I believe that every investment should have its own goal, after which money should be converted into its implementation. It can be an apartment, a country house, or a car. Long-term accumulation of money in order to get into the Forbes rating at the age of 80 is not my goal)

[Fadhil Pahlawadi]

I completely agree with your opinion, I think we can prepare for retirement by saving 20% or 30% of our monthly income to invest in Bitcoin, using the DCA strategy is certainly a good idea. Preparing financial planning from a young age for a better life in old age is a very wise idea.  it's hard to resist the urge to shop and buy things or delicious food when our friends are having a party. But postponing pleasure until retirement will save us money in old age. So we don't have to work as hard as before. In my area, there's a saying that saving is the root of wealth.

It's true as you say but what I need to ask is isn't it burdensome for someone to set aside 20% or 30% every time they receive income from their work?

Of course this is a good step actually but it is better not to determine the amount of what percentage each time someone receives wages from the results of their work at least by concentrating on doing it of course this will be better than not doing anything at all for things that concern someone's future because even with a small amount but they still try to do it so things like this for me we should appreciate because they do something with full confidence and full also with consistency not many people can do it with full consistency because sometimes this thing is often underestimated by many people because what is done with a small amount so that this thing about underestimating what someone does in the end they will feel a loss on the grounds of not thinking about their old age and they prefer to waste it for the satisfaction of their lusts.

[Fakhrulenclix]

I also believe that as humans, we are not free from mistakes, especially in managing finances. Therefore, I think we should accept them as long as they do not interfere with anything, whether it be finances or the money set aside for investments.

If your mistake already happened, of course, it is already a bygone.

You have already been registered here since October 2017 (more than 8 years), so sure maybe you have had time to already accumulate enough bitcoin or more than enough bitcoin.

Maybe we can go with an example of a newer guy who was still fairly early in his accumulation of bitcoin, so he came to bitcoin around 3 years ago, and he had been buying $100 of bitcoin every week, and let's say that he had some reductions in his income and some increases in his expenses, and several weeks go by, and he did not realize that the size (and cushion of his various accounts were going down), and so he could end up putting himself into a bad cashflow situation based on his not paying attention for several weeks, since if he had been paying attention, he probably would have had either reduced his DCA amount or maybe reduced some of his other expenses so that he would have had been able to continue his DCA at the $100 per week level.

There is value in attempting to learn from your mistakes and attempting to push limits, yet no one can tell you (or inspire you) to prioritize your bitcoin investment and/or your cashflow management practices if you give those activities a low priority and/or you are not interested in improving.

That's true, and I also always learn from the experiences I have gone through.
I have been investing in Bitcoin for a long time, but sometimes when the profit target is reached, I sell it and try to re-enter when a price correction occurs, However now I have adopted a different strategy. As you said, the DCA strategy is quite effective for the long term, and I do it consistently, even with a small percentage, but the target is far-reaching for the future.

[JayJuanGee]

[edited out]

Building a Bitcoin emergency fund is very important because an emergency fund is created to sustain Bitcoin for a long time. It is most important to build an emergency fund so that your Bitcoin investment remains safe and well-organized. However, those who hold Bitcoin aggressively generally face problems in sustaining their Bitcoin investment for a long time, so you should never invest in Bitcoin aggressively, otherwise your investment may fail and you may end up selling your holdings at a low price.

We usually use the idea of aggressive in terms of what level of accumulation that a guy might attempt to employ, and so there is nothing wrong with attempting to accumulate aggressively as long as you don't over do it.    Aggressive versus whimpy is on a sliding scale, and so if a person goes overboard, then he was investing overly aggressive.

Let's say that a person has an income of $30k per year ($2,500 per month) and his expenses are $1,500 per month.  That leaves him with $1k per month of discretionary income. 
Maybe a reasonable level of aggressiveness would be to invest $333, save $333 and discretionarily consume $333 (presuming that he is still building up his back up funds).   
Perhaps an aggressive way to manage those funds would be to invest $900, save $50 and discretionarily consume $50.   
Perhaps a whimpy way to manage those funds would be to invest $50, save $50 and discretionarily consume $900.
Perhaps an overly aggressive way to manage those funds would be to invest $1000 (or more), save $0 (or take from savings) and discretionarily consume $200 (taking from savings).

Since we talk about aggressiveness or whimpiness in terms of relative actions that guys have to figure out their chosen level, your idea of holding bitcoin aggressively makes little sense.

...Hopefully, you have been following DCA in your own practice since I see that you have been registered on the forum since November 2017, so if you had started investing in bitcoin at around your forum registration date, then you would have had more than 8 years investing in bitcoin...

Yes, I have been using the DCA strategy regularly since I started participating in the signature campaign. This allows to invest in the purchase of BTC for 100 bucks per week. But I believe that every investment should have its own goal, after which money should be converted into its implementation. It can be an apartment, a country house, or a car. Long-term accumulation of money in order to get into the Forbes rating at the age of 80 is not my goal)

I generally talk about sustainable withdrawal as a goal rather than consumption goods, even though sure you can have whatever goals  that you like, and if you are not really aggressively accumulating bitcoin (such as 10% or 25% of your income going into bitcoin, and only relying on the signature campaign, then yeah, you might have more difficulties figuring out how to get to overaccumulation status.

Bitcoin has provided a lot of opportunities for many guys who had not had such opportunties with other possible asset classes, yet there likely are needs to try to commit to building your stash for 10 years or longer.. and so we cannot go back in time to fix our mistakes in regards to either being too whimpy or selling too many coins too soon in order to either consume or to invest in inferior assets.

Even with your forum registration date in November 2017 (a bit more than 8 years), you could have had likely gotten quite a long way in your  bitcoin accumulation with something like 15% of your income allocation.. so for example a guy who had a $15k income and invested $50 per week into bitcoin (17% of his income) would have had invested $21.6k (right around 1.44x of his annual income), and would have had accumulated 1.43 BTC.. which I think would be a great place to be since 1.43 bitcoin would currently support an income of right around $8.3k per year more than half of the guy's income .. and perhaps in another cycle or so, the guy could get the amount up to 1.6 BTC or more and he would be able to support a $20k per year income or more, since the 200-WMA is generally going down as you can see in my fuck you status projection chart.

I also believe that as humans, we are not free from mistakes, especially in managing finances. Therefore, I think we should accept them as long as they do not interfere with anything, whether it be finances or the money set aside for investments.

If your mistake already happened, of course, it is already a bygone.

You have already been registered here since October 2017 (more than 8 years), so sure maybe you have had time to already accumulate enough bitcoin or more than enough bitcoin.

Maybe we can go with an example of a newer guy who was still fairly early in his accumulation of bitcoin, so he came to bitcoin around 3 years ago, and he had been buying $100 of bitcoin every week, and let's say that he had some reductions in his income and some increases in his expenses, and several weeks go by, and he did not realize that the size (and cushion of his various accounts were going down), and so he could end up putting himself into a bad cashflow situation based on his not paying attention for several weeks, since if he had been paying attention, he probably would have had either reduced his DCA amount or maybe reduced some of his other expenses so that he would have had been able to continue his DCA at the $100 per week level.

There is value in attempting to learn from your mistakes and attempting to push limits, yet no one can tell you (or inspire you) to prioritize your bitcoin investment and/or your cashflow management practices if you give those activities a low priority and/or you are not interested in improving.

That's true, and I also always learn from the experiences I have gone through.
I have been investing in Bitcoin for a long time, but sometimes when the profit target is reached, I sell it and try to re-enter when a price correction occurs,

I would suggest that you are trading rather than investing, and you are likely sabotaging your own efforts, since it is quite likely that you would have had been (and would be) way better to stay focused on ongoing accumulation of BTC no matter the BTC price until you reach overaccumulation status.

However now I have adopted a different strategy. As you said, the DCA strategy is quite effective for the long term, and I do it consistently, even with a small percentage, but the target is far-reaching for the future.

If you are ongoingly adding to your BTC stash, then it is likely a product of how aggressive that you can be in terms of how much discretionary income you have available, and yeah sometimes it can be difficult to get the investment into bitcoin in the supra 15% arena (meaning more than your income level allocated to bitcoin), and so yeah, if you don't have a lot of discretionary income, it can be difficult to dedicate decent portions towards ongoingly buying bitcoin.

[Sandra_hakeem]

Of course each of us will have our comfort levels, yet if we are moving bitcoin to private wallets, then we likely need to spend some time learning about UTXO management, so I personally don't mind the idea of waiting until UTXOs are close to $500 before withdrawing them from exchanges.

More reasons to admit that the technical part of Bitcoin must be studied-- at least to some extent, before taking a step with the adoption of any crypto investment strategy.

I am not going to admit that.

I think that it is important to get started, and the most important thing to study is your own budget and the extent to which you have discretionary funds.

 You don't have to admit to what's factual JJG.
It's like saying the most important part in making a Mac and cheese (with zero skills on how to) is just straight-up making it with smaller quantities of ingredients, without an orientation. Owing a budget and controlling your discretionary funds is a decision to be made on default, on everything, not just DCAing.

I figure that a person would need to have an income of around $30k per year or more to reasonably invest $100 per week (since that would be $5,200 per year and 17% of his income).

$30k per year is actually on the 63rd percentile or so. Just imagine what people below can afford.

Even though I try to suggest that between 5% and 25% are feasible and reachable, guys have to have the discretionary income and also a certain level of seriousnessand focus if he is going to try to achieve 25% on a consistent basis.

Yeah, that's what I'm talking about.

[Frankolala]

You don't have to admit to what's factual JJG.
It's like saying the most important part in making a Mac and cheese (with zero skills on how to) is just straight-up making it with smaller quantities of ingredients, without an orientation. Owing a budget and controlling your discretionary funds is a decision to be made on default, on everything, not just DCAing.

I understand why JJG said that you don't need any tech knowledge to start your bitcoin investment because it's all about buying continuously overtime and learn along whatever, knowledge you feel is very important for you like the technical knowledge you talked about. It's not everyone that is good technical things because they will screw it up as a newbie with zero knowledge on tech.


That might scare/prevent the investor to start investing immediately. If he's so keen to invest into bitcoin, he will ne wasting time learning what isn't needful at that moment while bitcoin price continues to increase. Waiting for irrelevant things that ain't necessary to start their bitcoin investment is the problem most of these new investors are having.

Since you're investing in a long term, there's enough time to continue learning and gain more knowledge as your bitcoin stash increases. Don't forget that the goal is to accumulate a good size of bitcoin for your future so you don't need to involve yourself in actions that will slow you down in your bitcoin goal. Having your discretionary income and the basic knowledge of bitcoin is enough to get started.

[abaeze]

...Hopefully, you have been following DCA in your own practice since I see that you have been registered on the forum since November 2017, so if you had started investing in bitcoin at around your forum registration date, then you would have had more than 8 years investing in bitcoin...

Yes, I have been using the DCA strategy regularly since I started participating in the signature campaign. This allows to invest in the purchase of BTC for 100 bucks per week. But I believe that every investment should have its own goal, after which money should be converted into its implementation. It can be an apartment, a country house, or a car. Long-term accumulation of money in order to get into the Forbes rating at the age of 80 is not my goal)

If the invested money is not used during the lifetime of the investor, then that assets will not be of any use to the person after his death. Therefore, there must be a goal in investment and this is important because if you do not enjoy it during the special times of your life due to lack of money, then just hoarding everything may seem mentally meaningless at some point. Therefore, in my opinion, continue DCA for a certain period of time and if the specific goal is met as per the plan, use or sell part of it and HODL the remaining part for the long term.

[leonair]

A good example of long-term investing using a cost-of-purchase Averaging (DCA) strategy is the story of a guy who bought $30 worth of BTC daily for 7 years, 10 months, and 12 days and created a $1 million portfolio- https://crypto.news/30-to-1m-how-this-bitcoin-investor-turned-spare-change-into-seven-figures/ In total, he spent $86,370.

It may worth mentioning that the vast majority of people don't have the income necessary for such a DCA.
So let's just say that this person was from start far from poor and those dreaming to such DCA need to adjust.. a lot.
Of course, that doesn't mean they should despair, since every bit counts.

Of course, everyone has different financial options, and not everyone can afford to invest $30 a day, but if you stick to this strategy and invest $3 a day (90 bucks a month), you'll end up with about $100,000 over the same period of time. Which, you will agree, is also a good result of DCA.

I always accept one thing that Bitcoin investment mainly depends on the amount of personal income of each person, does not encourage anyone to invest more than their ability. Here, the DCA plan encourages long-term investment by controlling themselves in bad market conditions and being patient. And you can avoid the mistake of thinking yourself too rich and the decision becomes more difficult. Sustainable savings are much better and more effective than excess savings. So DCA is a very good investment plan for everyone.

[JayJuanGee]

Of course each of us will have our comfort levels, yet if we are moving bitcoin to private wallets, then we likely need to spend some time learning about UTXO management, so I personally don't mind the idea of waiting until UTXOs are close to $500 before withdrawing them from exchanges.

More reasons to admit that the technical part of Bitcoin must be studied-- at least to some extent, before taking a step with the adoption of any crypto investment strategy.

I am not going to admit that.

I think that it is important to get started, and the most important thing to study is your own budget and the extent to which you have discretionary funds.

 You don't have to admit to what's factual JJG.
It's like saying the most important part in making a Mac and cheese (with zero skills on how to) is just straight-up making it with smaller quantities of ingredients, without an orientation. Owing a budget and controlling your discretionary funds is a decision to be made on default, on everything, not just DCAing.

You could look at some charts and see that bitcoin is generally volatile, and that would be enough of an initial study of bitcoin to get started. .maybe you would notice number go up technology (but not always up), as long as you have discretionary funds and common sense.

Your common sense would help you to establish your initial position.. and sure no one likes to lose money.  I already gave you my example that the guy does an initial and general assessment of his discretionary funds and he sees that he could probably put $100 per week into bitcoin without any difficulties... so he decides to start with $30 per week.

Maybe I should shift the burden to you, since you are proclaiming that there is a need for a guy to delay his investment, and so what would be the pieces that he needs to put together and/or understand before getting started?

Investing in BTC is not the same as  making mac and cheese.... even though I can see some potential parrallels, but they seem inadequate.

Let's say that a guy has identified that he some bad habits, such as smoking, drinking and going out clubbing, and when he assesses those bad habits, he estimates that those habits cost him between $50 and $250 per week, so maybe on average around $120.  He knows that money is extra money that he spends, and sure he gets some socializing out of it and some good feelings, yet he thinks that he could give up on some of those habits and maybe cut them in half.. .. so therefore he knows that for sure as long as he cuts down on the bad habits, he has $60 for sure that he could put into bitcoin that previously he considers that he was just throwing away, and  he figures  that if he puts it in bitcoin, then at least there is a chance that it could end up giving him some returns... He knows that he has money that he can afford to lose.. so I am saying that he can get  the fuck started and work out the details as he goes as long as he has common sense, he can learn what he needs to learn, since the skills of bitcoin are basic enough that they can be learned, and they are especially more learnable when practicing rather than fucking around theorizing about it.

Don't get me wrong.  I am not against theorizing and planning, but they don't need to be done prior to getting started, beyond perhaps something like a 10 minute look at the chart.  Now if a guy's common sense is telling him that he needs to learn some math or something like project out some numbers, then sure each guy has to figure out if there might be some preparation that he needs to do beyond figuring out the most important thing, which is whether or not he has discretionary funds that are sufficient to put $30 into bitcoin... and then once he put $30 in this week, it will be even easier to put another$30 in the following week, and during the week, when the guy is not carrying out his other regular duties, he can study bitcoin. If he ONLY studies bitcoin 2 hours per week, then yeah, maybe he won't be able to increase the $30 to a higher amount until he puts a little bit of time to make himself more comfortable... with whatever basic planning that you think that he needs beforehand that I believe that he can figure out as he goes.

I figure that a person would need to have an income of around $30k per year or more to reasonably invest $100 per week (since that would be $5,200 per year and 17% of his income).

$30k per year is actually on the 63rd percentile or so. Just imagine what people below can afford.

You seem to be getting distracted. I am giving a reasonable example of someone with discretionary funds.

Sure if you want to imagine examples of persons who have lower income then that is up to you, and sure I understand that there is a bit of a luxury having discretionary funds, and if guys do not have discretionary funds then they cannot invest in bitcoin.

Yes, I know that there are people who have troubl figuring out their discretionary funds because they don't have very much to work with, which is also another  justification for my proclamation that the most important things are to have discretionary funds and also to have common sense.  If guys put money into bitcoin beyond their discretionary funds then I consider them to be gambling and/or trading, and I don't recommend that.

So another part of the reason to show a person who clearly has discretionary income is to make the point that you need to have discretionary funds, and if you do not, then you have to increase your income and/or cut your expenses.  I understand, not always easy to accomplish for a lot of people...

Even though I try to suggest that between 5% and 25% are feasible and reachable, guys have to have the discretionary income and also a certain level of seriousnessand focus if he is going to try to achieve 25% on a consistent basis.

Yeah, that's what I'm talking about.

Well maybe we agree on some part of this, then?

[UchihaSarada]

You could look at some charts and see that bitcoin is generally volatile, and that would be enough of an initial study of bitcoin to get started. .maybe you would notice number go up technology (but not always up), as long as you have discretionary funds and common sense.

Your common sense would help you to establish your initial position.. and sure no one likes to lose money.  I already gave you my example that the guy does an initial and general assessment of his discretionary funds and he sees that he could probably put $100 per week into bitcoin without any difficulties... so he decides to start with $30 per week.

When people just get started from their research and only know about Bitcoin from their learning, they truly need to start small first. It's because their investment is a long journey and it's like learning and trial journey too. By starting with small money, they will be less likely panic with their investment and temporary result as loss.

Like in your example, a beginner can have good income, and can manage to spend $100 weekly for DCA bitcoin without pressure and financial problem, but if he only starts with $30 weekly, do it in several weeks, and make his investment assessment along the way, it's better.

After several months of DCA, investment in the market, assess his investment result, he will turn his knowledge learned from paper resources, online resources to his own knowledge and experience, then he can start to spend $100 weekly for DCA after he feels enough with very first learning experience.

[cyberninja2]

If the invested money is not used during the lifetime of the investor, then that assets will not be of any use to the person after his death. Therefore, there must be a goal in investment and this is important because if you do not enjoy it during the special times of your life due to lack of money, then just hoarding everything may seem mentally meaningless at some point. Therefore, in my opinion, continue DCA for a certain period of time and if the specific goal is met as per the plan, use or sell part of it and HODL the remaining part for the long term.

If this happens it means someone is investing without a goal so I don't think it's necessary because in my understanding everyone still has goals and desires when investing.

That's right and I also really agree with what you said if after investing it is not used for the needs of a person's life then the asset has no function at all so I think there is no one who does it without a purpose in terms of having assets because the basic purpose of having assets is for them to be able to feel the results and struggles of a person in investing which sometimes has taken almost a century so if someone does it without a purpose in my personal opinion I do not trust what that person does.

[JayJuanGee]

...Hopefully, you have been following DCA in your own practice since I see that you have been registered on the forum since November 2017, so if you had started investing in bitcoin at around your forum registration date, then you would have had more than 8 years investing in bitcoin...

Yes, I have been using the DCA strategy regularly since I started participating in the signature campaign. This allows to invest in the purchase of BTC for 100 bucks per week. But I believe that every investment should have its own goal, after which money should be converted into its implementation. It can be an apartment, a country house, or a car. Long-term accumulation of money in order to get into the Forbes rating at the age of 80 is not my goal)

If the invested money is not used during the lifetime of the investor, then that assets will not be of any use to the person after his death. Therefore, there must be a goal in investment and this is important because if you do not enjoy it during the special times of your life due to lack of money, then just hoarding everything may seem mentally meaningless at some point. Therefore, in my opinion, continue DCA for a certain period of time and if the specific goal is met as per the plan, use or sell part of it and HODL the remaining part for the long term.

I doubt that we are just necessarily holding bitcoin for the mere sake of it, so there likely could be times that we start to get to our target amount, yet if we had been continuously buying, then we might not transition from buying into selling right away.  So there might be some time between the time that we are still buying and when we transition into selling, so if you start to sell early, then what is the reason?  Why can't you wait?

I understand if we had been buying bitcoin for 4-6 years, then we might witness all kinds of BTC price moves.  Some of the BTC price moves can tempt us into selling some or to stop in our accumulating, or maybe we are starting to feel that we are not getting very many bitcoin for any new investment that we make, so it starts to feel like it is not worth it to keep putting money into bitcoin and we are not meaningfully increasing the amount of BTC as compared with our earlier years of investing into it.

Yet, if we had reached a certain quantity of bitcoin, and we are tired of adding to it, we are not necessarily holding for the sake of it, yet we might be holding until the value reaches a certain level so that we might start to withdraw in accordance with sustainable withdrawal calculations that we might have arrived at.

So for example a guy who had been accumulating bitcoin for nearly 10 years since 2016 might find himself with right around 9.5 BTC, and he told himself that he would ONLY start to cash out from his bitcoin, once the 200-WMA valuation is enough to support an $80k per year income. So then he looks at the website or he does a calculation, and he sees that right now, it takes at least 13.777 BTC to support an $80k per year income, and right now 9.5 BTC will ONLY support a $55k per year income...

Since the 200-WMA is ongoingly going up (and he can see that on the fuck you status chart), he figures that if he does not accumulate any more bitcoin, then 9.5 bitcoin would still support an $80k per year income starting in about late 2027, so it should not take too long for him to transition into being able to sell some of his bitcoin, even if he does not build his BTC stash any greater than it is right now.

You could look at some charts and see that bitcoin is generally volatile, and that would be enough of an initial study of bitcoin to get started. .maybe you would notice number go up technology (but not always up), as long as you have discretionary funds and common sense.

Your common sense would help you to establish your initial position.. and sure no one likes to lose money.  I already gave you my example that the guy does an initial and general assessment of his discretionary funds and he sees that he could probably put $100 per week into bitcoin without any difficulties... so he decides to start with $30 per week.

When people just get started from their research and only know about Bitcoin from their learning, they truly need to start small first. It's because their investment is a long journey and it's like learning and trial journey too. By starting with small money, they will be less likely panic with their investment and temporary result as loss.

Like in your example, a beginner can have good income, and can manage to spend $100 weekly for DCA bitcoin without pressure and financial problem, but if he only starts with $30 weekly, do it in several weeks, and make his investment assessment along the way, it's better.

After several months of DCA, investment in the market, assess his investment result, he will turn his knowledge learned from paper resources, online resources to his own knowledge and experience, then he can start to spend $100 weekly for DCA after he feels enough with very first learning experience.

He does not need to go straight from $30 per week to $100 per week.  Of course, maybe he does learn quickly and get comfortable quickly... but he does not have to learn quickly or get comfortable quickly.  He can go at his own pace, and if he is investing he becomes more motivated to learn more about what he is investing into.. including motivated to figure out his cashflow so that he would be able to invest more based on his learning and increased comfort and without feeling worried about it.

Maybe I can flesh out and example of someone who might be ONLY increasing his investment amount as he learns rather than falling into FOMO behaviors.  So many guys consider the justification to get started investing right away in bitcoin as if it were based on FOMO, when I think that we should be able to control our emotions.. so that largely we are getting ourselves set up to be able to invest more and more into bitcoin, yet we don't need to maximize our capacities.  We can invest at our  pace and at our comfort and without falling into FOMO kinds of emotions or behaviors.

So here we go:

1) Starts out $30 per week into bitcoin and studies bitcoin and matters related to his cashflow about 2 hours per week

2) Week 3 realizes that his basic monthly expenses are about $1,000 and he has about $700 in his back up funds. He realizes that if he is going to protect his bitcoin investment then he is going to need to get his back up funds up to $3k (3 months of his expenses).  He increases his weekly bitcoin investment to $40 and starts to put $20 into his  back up funds. He continues studying bitcoin and matters related to his cashflow about 2-3 hours per week

3) Week 9 - increases his bitcoin investment to $75 per week and putting $30 per week into his back up funds

4)  after 20 weeks increases his bitcoin investment to $100 per week and his back up fund to $40 per week.

5) 9 months receives a lump sum extra amount of $5k from his employer as an unexpected bonus.  He decides to put $1,900 into his back up funds - which will bring his back up funds up to $3,300... and he decides to DCA $2,400 by putting $600 extra in his DCA over the next 4 weeks.  He decides to hang onto the remaining $700 for maybe buying on dips or just to have available.

6) 10 months he increases his DCA to $150 per week.

Sure, of course, there can be all kinds of variations in regards to how guys might accumulate bitcoin or come to feel comfortable, and part of the problem that any guy might have is if he got into bitcoin in late 2022 (for example) yet the BTC price just keeps going up the whole time, so then he ends up being punished for his not front loading his investment.  Sometimes it is better to study more diligently in order to start out investing more aggressively, yet the problem is that we can never know when we might end up having a decently large correction  or have the BTC price consolidating in a certain range for a while, so if we are holding back some of our capacity to invest, we might later feel regret, but if we are finding a reasonable pace to invest and learning as we go, then we can likely rest assured that we are investing as well as we are able to  based on our knowledge and our comfort level.

[iamsange]

That's true, and I also always learn from the experiences I have gone through.
I have been investing in Bitcoin for a long time, but sometimes when the profit target is reached, I sell it and try to re-enter when a price correction occurs, However now I have adopted a different strategy. As you said, the DCA strategy is quite effective for the long term, and I do it consistently, even with a small percentage, but the target is far-reaching for the future.

Experience always teaches us to go in a more correct direction for the future so that when we make mistakes of course this will make us more mature in our thoughts and mistakes that we make so that in the future we will not repeat these mistakes this is one of the advantages for individuals where we first make mistakes rather than good because if we do it wrong / use the two languages ​​​​it will certainly be worse for our future so it is very appropriate for you to make mistakes first, so that with the discussion and discussion in this forum will be more motivated to do for your future in terms of investing by accumulating Bitcoin in the long term so that in the future you will have assets that may be the result of what you invest by accumulating a lot by buying Bitcoin every time there is income that you may have from the results of your work somewhere and the point is learning from mistakes will make us someone who is successful for our future.

[Taskford]

...Hopefully, you have been following DCA in your own practice since I see that you have been registered on the forum since November 2017, so if you had started investing in bitcoin at around your forum registration date, then you would have had more than 8 years investing in bitcoin...

Yes, I have been using the DCA strategy regularly since I started participating in the signature campaign. This allows to invest in the purchase of BTC for 100 bucks per week. But I believe that every investment should have its own goal, after which money should be converted into its implementation. It can be an apartment, a country house, or a car. Long-term accumulation of money in order to get into the Forbes rating at the age of 80 is not my goal)

If the invested money is not used during the lifetime of the investor, then that assets will not be of any use to the person after his death. Therefore, there must be a goal in investment and this is important because if you do not enjoy it during the special times of your life due to lack of money, then just hoarding everything may seem mentally meaningless at some point. Therefore, in my opinion, continue DCA for a certain period of time and if the specific goal is met as per the plan, use or sell part of it and HODL the remaining part for the long term.

I doubt that we are just necessarily holding bitcoin for the mere sake of it, so there likely could be times that we start to get to our target amount, yet if we had been continuously buying, then we might not transition from buying into selling right away.  So there might be some time between the time that we are still buying and when we transition into selling, so if you start to sell early, then what is the reason?  Why can't you wait?

I understand if we had been buying bitcoin for 4-6 years, then we might witness all kinds of BTC price moves.  Some of the BTC price moves can tempt us into selling some or to stop in our accumulating, or maybe we are starting to feel that we are not getting very many bitcoin for any new investment that we make, so it starts to feel like it is not worth it to keep putting money into bitcoin and we are not meaningfully increasing the amount of BTC as compared with our earlier years of investing into it.

Yet, if we had reached a certain quantity of bitcoin, and we are tired of adding to it, we are not necessarily holding for the sake of it, yet we might be holding until the value reaches a certain level so that we might start to withdraw in accordance with sustainable withdrawal calculations that we might have arrived at.

So for example a guy who had been accumulating bitcoin for nearly 10 years since 2016 might find himself with right around 9.5 BTC, and he told himself that he would ONLY start to cash out from his bitcoin, once the 200-WMA valuation is enough to support an $80k per year income. So then he looks at the website or he does a calculation, and he sees that right now, it takes at least 13.777 BTC to support an $80k per year income, and right now 9.5 BTC will ONLY support a $55k per year income...

Since the 200-WMA is ongoingly going up (and he can see that on the fuck you status chart), he figures that if he does not accumulate any more bitcoin, then 9.5 bitcoin would still support an $80k per year income starting in about late 2027, so it should not take too long for him to transition into being able to sell some of his bitcoin, even if he does not build his BTC stash any greater than it is right now.

Great perspective. Since the point is they should not hold blindly like they are just buying Bitcoin then forget about it, since its good that they have plans to follow. There are really times that we are feel tempted to sell our Bitcoins, but better they should not get distracted on short term movements they see on the market.

Having patience and think about stick on their plans really matter than any other else out there. If they reach their targets and think about stopping they can actually wait until they reach on levels that can support their withdrawal targets or goal. Everything will come if they are well discipline then know their purpose or reasons on why they are holding. Everything they do for long time will provably rewarding especially when they already hit their goals and start selling.

[sotelorene]

If the invested money is not used during the lifetime of the investor, then that assets will not be of any use to the person after his death. Therefore, there must be a goal in investment and this is important because if you do not enjoy it during the special times of your life due to lack of money, then just hoarding everything may seem mentally meaningless at some point. Therefore, in my opinion, continue DCA for a certain period of time and if the specific goal is met as per the plan, use or sell part of it and HODL the remaining part for the long term.

If this happens it means someone is investing without a goal so I don't think it's necessary because in my understanding everyone still has goals and desires when investing.

That's right and I also really agree with what you said if after investing it is not used for the needs of a person's life then the asset has no function at all so I think there is no one who does it without a purpose in terms of having assets because the basic purpose of having assets is for them to be able to feel the results and struggles of a person in investing which sometimes has taken almost a century so if someone does it without a purpose in my personal opinion I do not trust what that person does.

It is not possible to do something without any purpose because there must be a purpose why that person is doing that particular thing and sometimes the purpose and reason some people do something may not be genuine or reasonable but it is all purpose. So when it comes to Bitcoin investment, it will be so funny and at same time disgusting for someone to say they don't have reason or purpose why they are investing in Bitcoin because the common reason why people invest in Bitcoin is to make profit after holding for some years and also I want to have Bitcoin in my possession because it is a valuable asset.