Well good. I am glad that you have had more time to be involved in bitcoin and even to be able to increase your bitcoin stash, yet still some of my same questions would apply whether you got started buying bitcoin 3 years ago or 8 years ago, and from my own perspective, the better of the strategies remain ongoing accumulation through buying and not fucking around with selling and/or trying to trade or even fucking around with trying to time the market.
Of course, if you had more time to accumulate bitcoin, then your decisions could be affected by how much you had been able to put into bitcoin, how many bitcoin you had accumulated and some guys might have had been able to front load their bitcoin investment rather than merely relying on their monthly, weekly (or whatever is your normal pay period).
And, yeah, of course, in a forum like this we have abilities to share ideas, and we do not necessarily need to agree, yet of course, at the same time, since I had created this as a self-moderated thread, I do prefer to try to stick to themes that relate to my own various investment ideas.. so for me it can be a wee bit frustrating if I get the sense that we might be getting drug into areas of conversation that I might consider to be trading or even talking about theory that may not necessarily come off as practical to me in regards to the themes of this thread.
Honestly, if we consider these things with a cold mind, then it proves that if we continue to increase our Bitcoin holdings little by little using the DCA method without looking at the Bitcoin market and waiting for a good market to find it, then of course, as our Bitcoin holdings grow, we will be able to sell some of the profits there.
Are we talking from a "cold perspective" or are we in a thread that relates to my bitcoin investing ideas? Why would I give too many shits about "cold perspectives" if they seem to be failing/refusing to account for several of the various (and even basic) investment ideas that I have seemingly repeatedly gone over in this thread through the years?
At the same time, we are not talking about trading here. Being motivated by the mere fact that your BTC holdings happen to be in profits seems to fall into the category of either trading or being lost from the perspective of this here cat.
Sure, there could be reasons that some guys might have less than a 10 year investment timeline in the event of age and/or health, yet really what would be the reason that you would be focusing on wanting to "take profits" merely because some portion of your bitcoin holdings happen to be "in profits"?
Actually, we cannot predict the market accurately, but after considering various aspects, we can make some assumptions at some point that the market may go to this level in the future.
For example, I have assumed that Bitcoin will not reach $200k after a long few years from now, which makes no sense.
Fair enough that what you do and how you treat your bitcoin holdings relate to your perception of bitcoin and the strength of its investment thesis, which surely also relates to where you believe that the BTC price may or may not end up going... and surely it seems that any of us may well consider both upside and downside scenarios within any reasonable and prudent assessment of where we believe bitcoin prices may end up going as compared with other places that we might put our bitcoin value (whether investing or consumption).
By the way, your framing of "after a long few years from now" comes off as quite vague and even bordering upon meaningless - especially, since I specifically purposefully point out investing 4-10 years or longer, yet there are some underlying meanings to the way that I attempt to frame what I believe to be useful ways of considering bitcoin investment timelines, which I suppose could end up relating to whether we buy or we sell, yet it seems that so many guys who participate in this thread (which also seems to be you) seem to be quite early in their bitcoin accumulation process, so the selling portion of the consideration does not tend to become applicable since so many of the guys tend to be not even close to reaching enough bitcoin or even more than enough bitcoin.
At the same time, I surely can recognize and appreciate that even the concept of enough bitcoin or more than enough bitcoin could end up changing throughout the process of our bitcoin accumulation and/or even if we might have had come to assess that we had gotten through most of our bitcoin accumulation phase and entered into some form of maintenance phase (and I am not even go into the further stages of sustainable withdrawal and/or liquidation since those do not seem to be very relevant, even though they would end up starting to justify the selling of bitcoin - yet even maintenance phase could also start to trigger (or justify) abilities to sell some coins.. from the perspective of this here cat).
However, we believe that those who deposited in Bitcoin many years ago are now making a lot of profit.
Yes.. You are showing your trading mindset and your trading way of framing matters. After having several back and forth posts with me, haven't you at least done some back ground reading that might relate to the OP of this thread and/or various other threads that are linked in the OP?
I have a guru who started investing in Bitcoin since 2016. He buys Bitcoin little by little every week or every month two to three times. To be honest, his Bitcoin holdings stood at about $2k after a year. And he told me about his profits that he had saved a very good amount of profit from Bitcoin by 2026. But even then he did not stop investing in his Bitcoin, he is still continuously increasing his Bitcoin holdings.
Your story does not really add up.
Even a guy who had started buying $10 of bitcoin per week starting in January 2017 until now, he would have had invested $1,170 and his bitcoin holdings would be nearly 0.13 BTC, and surely that amount of BTC currently has value that is way over a couple of thousand dollars as you seem to be proclaiming to be the case with your supposedly "bitcoin guru" friend.
Do you have a bitcoin guru friend that would invest into bitcoin even more whimpily than $10 per month? That does not seem accurate to me.
So I agree with you that we do not need to wait to invest in Bitcoin, when the price of Bitcoin reached a maximum height of 126k dollars, if we had invested in Bitcoin at that time, then we would have definitely benefited in the future.
Sure. Fair enough. There are a lot of guys (including yours truly) who had ended up starting their bitcoin investment journey when bitcoin prices were at or near the top of the then cycle, and so if they continue to buy bitcoin, they likely end up in a quite good place some years down the road, even though in their beginning years, they may well have bitcoin holdings that are quite extensively in the negative (at least on paper) for a good amount of time before they either get to break even amounts (on paper) or even starting to be "in profits" as you seem to be inclined to focus on such "profits" as a motivator for yourself.
By the way, I am not too much of a subscriber to what seems to be relatively dumbass scenarios of guys who buy bitcoin at the top of the cycle and then sit on their hands for several years waiting for their bitcoin holdings to get into profits.
I understand that guys do dumbass shit, yet at the same time, in this thread, and in other places on the forum that I post, I am going to likely push back on any members who try to argue with me about scenarios about what I perceive to be dumbass guys who start their bitcoin investing journey at the top of the cycle and then sit on their hands for long periods of time waiting for their bitcoin holdings to "get back into profits." Trolls, bitcoin naysayers, bitcoin trader, shitcoin pumpers and disingenuine posters seem to love to focus on scenarios of what dumbass people do in regards to buying at the top and sitting on their hands for long periods of time.
Since I have been investing in Bitcoin for many years and I have chosen this form to gain some more knowledge about Bitcoin. So I do not want to disappoint anyone here, I just want to share my own knowledge and the knowledge of others.
Some of your knowledge might be benefitted (and perhaps even benefit others too?) if you might read through some of the themes of this thread (starting from the various OPs), especially if you are wanting to purportedly share your knowledge in this thread.
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...... then if you bump into some free cash, have a work bonus or some cash gift in a dip, you can decide to use it to lump sum on the dip or frontload your buys.
There is no such thing as lump summing on the dip.
You are mixing up concepts when you are mixing terms like that, which likely makes it confusing for some other guys in terms of their own needs to make sure that they understand that buying the dip and lump sum are different concepts, and if you are mixing them up then guys are likely to get confused.
Even though guys can front load their bitcoin investment on dips, the way that you are using the expression "front load", you seem to be emphasizing buying the dip more than you are expressing some kind of meaningful understanding in regards to what frontloading into bitcoin tends to be in practice.
Throughout your post, it is just like you are randomly throwing various buzz words without really knowing what they mean or how to fit such buzzwords into a proper and meaningful description of what you are wanting to say, and in that regard, you even seem to get various of your buzzwords wrong in terms of whatever context that you ended up providing.
It is important you desist from any practices that might distract your focus on your consistency in enlarging your portfolio when you are still early in bitcoin investment.
The only saving from your discretionary income that becomes very important while you're following up your DCA is the one you put into building your backup funds. You can consider those savings important to shield your portfolio from being tampered in the case of an emergency and/or other discretionary consumptions.
The ideas of these two paragraphs are largely correct, even though I frequently like to consider that managing our cashflows and deciding how much we are going to invest in bitcoin, save and/or discretionarily consume will ongoingly be influenced by our progress in building our bitcoin and our savings (back up funds), and so sure, if there might be some pay periods or even extended periods in which our income might end up going down and/or basic expenses end up going up, then we may well end up having to draw from our back up funds to cover our basic expenses.. which tend to be expenses that we cannot defer until our next pay period. So the ideas that you contain in your second paragraph are not really incorrect, even though you mentioned discretionary consumption as if it were important in regards to the kinds of decisions that we might end up having to make in circumstances in which our income might be low and our basic expenses might go up. I would speculate that anyone with any reasonable abilities to problem solve, he would have had already dropped his discretionary consumption during circumstances in which there are needs to tap into back up funds in order to cover basic expenses.. yet at the same time, if a person ends up having a lot of back up funds then they may well not be drawing their back up funds down to a low enough level in which it might have ended up becoming important to start to cut some or all of their discretionary consumption.
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Yes, DCA strategy gives that
privilege of combo strategy without deviation from DCAing. As DCA bell rings, you accumulate for that date and when there's a dip you buy lump sum or with decided amount.
Having some kind of a presumption of privilege of combo strategy makes little to no sense, even if we might consider that you might be talking about an inability that many people have to actually employ either lump sum strategies and/or buy the dip strategies, since many normal people will largely be spending a lot of time merely relying upon their discretionary funds as they come in, and they may well not have very many circumstances in which either they have extra funds coming in and/or the quantity of the discretionary funds that they have available may well not amount to enough money in order to justify considering (or employing) either lump sum strategies or buy the dip strategies... so then if many folks are not really tending to get into situations in which lump sum and/or buy the dip starts to potentially make sense, they will tend to be much better off to largely stay focused on making sure that their ongoing DCA strategy (or regular BTC purchase amounts) remains appropriate for their income and/or cashflow situation.
Deviation as agbam said would mean stoping DCA strategy to hold on to another strategy but that is not the case in this combo. This combination of strategies only means investor buying aggressively (that's an additional accumulation to DCAing) without deviation from DCAing.
I doubt that it is fair for you to assume or to presume that a bitcoin accumulator is accumulating more aggressively merely because he is deploying multiple strategies. If you are ONLY relying on the fact that he is deploying more than one strategy and nothing else, then you do not have enough information to presume that he is being more aggressive as compared with someone who might be ONLY deploying DCA.
Strategy combo is an advantage of DCA strategy
That is not necessarily true. Are you thinking about what you say or just making shit up? I hear guys making these kinds of presumptions quite frequently, and they are not true if the ONLY thing that you know is that guy (1) is deploying DCA and guy (2) is deploying DCA, lump sum and buying the dip. There is almost no way to know, without further details that guy 2 is being more aggressive (or smarter) than guy 1. You seem to presume that guy 2 is smarter and/or more sophisticated than guy 1, which is also not true from the facts that we know about their differences.
which is made possible by keeping extra discretionary funds to take advantage of the dip while actively DCAing without deviation.
Now you are getting really retarded if you believe that holding back funds in order to buy on the dip is more aggressive than regular DCA when more likely the opposite is true.
Face it. You and some of the other guys who like to hold back money to buy dips that might not happen, you like to rationalize to yourself about your being smarter, more sophisticated and even more aggressive than a guy who is regularly, persistently, ongoing and consistently buying bitcoin. Right?
From my perspective, you kind of dip buying promoting guys are delusional and you are also spreading and promotiing incorrect information because you have a purpose to promote your own nonsense dip buying practices, while acting as if it is superior when the opposite tends to be true.
You are totally right, there are so many people who will tell you they waiting for the Dip, and the end the Dip will come and they would buy just very little.
Should they go and steal or put themselves in tight positions financially in order to buy a bigger amount of bitcoin, is that what you want? That amount you are considering as little might actually be a big amount for another investor. Let’s not put pressure on other people or make them look like their efforts are not worth it. Remember little by little is how we grow our portfolio, especially we plebs that don’t have hedge funds.
It sounds to me that you @Justbillywitt are bending over backwards to defend the dip buyer when such dip buyers do not really need any defense.
