Strong Hands Are Buying

[harapan]

I that it is important to point out that each of us needs to attempt to consider our BTC accumulation strategy in terms of our own situation, and even though there are going to be many people with more financial resources than us, we have chances to make up for our lesser resources by employing prudent and reasonable strategies, and not devolving into gambling techniques by over extending our budgets or taking unnecessary risks. 

In other words bitcoin remains amongst the best of asymmetric bets to the upside that we currently have available to us whether we have a lot of resources or even if we have few resources, we can figure out an investment proportionality that works for us to get some stake into bitcoin and to reasonably and perhaps even aggressively invest into bitcoin within our own parameters.  Historically, poor people have not been able to buy good investments because many of them either require a lot of capital upfront or even that you have a lot of cashflow to be eligible to invest, including investing in real estate.

With bitcoin, you can get into it with even a smaller budget and still end up advantage by being into bitcoin so long as you have a longer time horizon of 4-10 years or longer.

I agree with you on this. Your strategy for accumulating and holding bitcoin is yours and may not be applicable to the next person. There are folks out there with either a greater financial capacity or a very low financial capacity and you obviously can’t expect the folks in the two groups to have the same strategy or capacity to buy and hold bitcoin. Low income earners can’t really afford to buy and hold for the long term. But with bitcoin, a low income earner looking to invest can still invest and would get some returns from his investment. Bitcoin is more stable and reliable than any other alt coin out there.

[1714921311]

1714921311

[1714921311]

1714921311

[1714921311]

1714921311

[1714921311]

1714921311

[1714921311]

1714921311

[BobK71]

Low income earners can’t really afford to buy and hold for the long term. But with bitcoin, a low income earner looking to invest can still invest and would get some returns from his investment. Bitcoin is more stable and reliable than any other alt coin out there.

Yes it is very common in crypto market everyone wants to hold Bitcoin but can not. It becomes very difficult to hold on, especially for those who are small investors. When Bitcoin is in a bull market, everyone gets returns quickly, but when a bear market lasts for a while, it has a big impact on small investors and many are forced to give up their holdings.

[Dunamisx]

we have chances to make up for our lesser resources by employing prudent and reasonable strategies, and not devolving into gambling techniques by over extending our budgets or taking unnecessary risks.

that's a welcome idea, many fall into a trial by error idea, some lack the proper planning strategies, some cannot even lay priority right in differenciating between wants and needs, quite alright bitcoin has it own pattern that needed to be learned, it's not all about making just an investment in bitcoin, but the strategy use, timing, speculation on price and the investment plan adopted, that's why lots of efforts are needed to safeguard the decision made to invest on bitcoin, those whales we are seing aren't just pulling out their funds in buying, they follow due plans.

Personally, I believe that Dollar cost averaging (DCA) is the best of the accumulation techniques that does not depend upon price, even though you are able to purchase more BTC when the price is down, but you can never really know for sure if the BTC price has reached its bottom.

DCA can be supplemented by buying on the dip and lump sum investing, and sure there might be reasons to consider holding some money back to buy on dips

using dollar cost averaging technique is also a good way one can adopt when considering buying with a strong hand as said earlier, there are things that just don't happen on a neutral level, it has to be from the effect of our influence and contributory efforts, just as JayJuanGee said, one can leave another fragments of funds behind just for in case of buying the dip.

 Almost everyone who enters the space, comes in at exactly the wrong time. Generating interest in no-coiners after they've been reading "Bitcoin 70% crash" in all mainstream papers (remember they probably still trust mainstream news reporting) is literally impossible. It takes about a year of solid reading and listening to understand Bitcoin enough to be able to HODL during a crash like this.

I had a completely opposite experience which is why I cannot agree with you. I came here after the 2014 crash and it was the bear market that made the news at the time and got me interested. I did not see it as the end but an opportunity. We can't generalize. In every bear market some people will be scared and others confident. I also don't think we have to lose money to learn. Many Bitcoiners especially those who mined in 2010-2013 were never at a loss.

The real truth here is that both the bear and bull time are good point of entry but what determines the difference is your own personal interest and plan or let me say strategy to use, if you're investing onna long term, definitely buying the dip will be advisable, but if investing on a short time which is common to bitcoin traders then one can take an entry point even when high, they can predict more high and realise profit but withing a short time range.

[Questat]

Low income earners can’t really afford to buy and hold for the long term. But with bitcoin, a low income earner looking to invest can still invest and would get some returns from his investment. Bitcoin is more stable and reliable than any other alt coin out there.

Yes it is very common in crypto market everyone wants to hold Bitcoin but can not. It becomes very difficult to hold on, especially for those who are small investors. When Bitcoin is in a bull market, everyone gets returns quickly, but when a bear market lasts for a while, it has a big impact on small investors and many are forced to give up their holdings.

Mindset - if we think it was hard, not to wonder why we can't wait for the next Bullrun but had sold them earlier. It was very usual words to hear about HOLD, HOLD but unfortunately, only a few are committed to doing it, some have some reason which is quite understandable.

Moreover, it was being said that not all investors are long-term holders, many are short-term investors which just vanished when bear season comes and then just come back during the bull season.

[salad daging]

-snip--

You could always have the option whenever you do have the money to spent or invest on which means that you are really that capable on doing so or simply talks about being versatile on different conditions.
Yes,DCA is very common but only a few could able to handle such accumulation because not all does have that big funds on purchasing whenever the market declines even further.It would really be a never
ending chase but we know that on a market if there's price decline then there would be always a recovery.

You seem to be mixing up DCA with buying on dips.

With DCA, you set an amount that you can buy no matter what.. based your cashflow, not based on the price of BTC.  Accordingly, there is a presumption that in the long run that BTC prices are going to be up higher than your DCA amount... especially if you have a 4-10 year time horizon or longer.

You can supplement your DCA strategy with buying on dips... and so save some money for buying on dips (that is optional, and we cannot be sure if more dip will happen or not, but of course, you can set up your dip parameters too.. which should be a different budget than your DCA which is just an ongoing amount.. $100 per week, $10 per week, or whatever amount that might seem feasible for your budget and having your regular expenses covered including have reserves for emergency expenses, too).

There should be no need to mix it up with the DCA that is applied, we must focus on our routine, not in terms of the price of BTC falling for DCA.
I already have a monthly and not weekly plan because I have assumed that monthly needs with DCA are a good way for me to keep my needs met, it's not a burden, even though it's not big, but there will be a good average value of the month, it depends on how needs every month for us.
By completing the DCA strategy, I will set it up to a price of $50k (optional) but I want it to continue so that there will be no break for a period of 4-5 years.

[JayJuanGee]

I that it is important to point out that each of us needs to attempt to consider our BTC accumulation strategy in terms of our own situation, and even though there are going to be many people with more financial resources than us, we have chances to make up for our lesser resources by employing prudent and reasonable strategies, and not devolving into gambling techniques by over extending our budgets or taking unnecessary risks. 

In other words bitcoin remains amongst the best of asymmetric bets to the upside that we currently have available to us whether we have a lot of resources or even if we have few resources, we can figure out an investment proportionality that works for us to get some stake into bitcoin and to reasonably and perhaps even aggressively invest into bitcoin within our own parameters.  Historically, poor people have not been able to buy good investments because many of them either require a lot of capital upfront or even that you have a lot of cashflow to be eligible to invest, including investing in real estate.

With bitcoin, you can get into it with even a smaller budget and still end up advantage by being into bitcoin so long as you have a longer time horizon of 4-10 years or longer.

I agree with you on this. Your strategy for accumulating and holding bitcoin is yours and may not be applicable to the next person. There are folks out there with either a greater financial capacity or a very low financial capacity and you obviously can’t expect the folks in the two groups to have the same strategy or capacity to buy and hold bitcoin. Low income earners can’t really afford to buy and hold for the long term. But with bitcoin, a low income earner looking to invest can still invest and would get some returns from his investment. Bitcoin is more stable and reliable than any other alt coin out there.

I have a somewhat standardize talking point about this topic of how each of us should attempt to tailorize their investment into bitcoin, in terms of studying themselves, and individual considerations include but are not limited to cashflow, other investments, view of bitcoin as compared with other investments, timeline, risk tolerance, time, skills and abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.

It can take a long time to figure out each of these, but you do not have to figure them all out before getting started investing in bitcoin.. and accordingly any person could start by investing small (or investing something that they believe is reasonable and prudent - and continue to study their own circumstances, and perhaps tweak their investing strategy from time to time along the way.

The first considerations on the above list are more basic, and the later ones on the list are more advance, so of course, on a personal level, I have frequently striven to get the basics in order before getting into the more advanced techniques.

Like you mentioned, a poor person would not be precluded in terms of investing into bitcoin, but would merely need to consider how to manage a reduced position size.. which could be $10 per week, or maybe even way less than that... Poor people have to be careful in terms of over investing because no one should be in a position in which s/he has to withdraw any portion of his/her investment into bitcoin that is at a time that is completely of his/her own choosing - which also means that there needs to be some ability to have their finances sufficiently in order so that they are not investing money into bitcoin that they need for their cashflow and their expenses and also including possible emergencies that might come up.

Low income earners can’t really afford to buy and hold for the long term. But with bitcoin, a low income earner looking to invest can still invest and would get some returns from his investment. Bitcoin is more stable and reliable than any other alt coin out there.

Yes it is very common in crypto market everyone wants to hold Bitcoin but can not. It becomes very difficult to hold on, especially for those who are small investors. When Bitcoin is in a bull market, everyone gets returns quickly, but when a bear market lasts for a while, it has a big impact on small investors and many are forced to give up their holdings.

If you cannot hold onto your bitcoin, then you likely have overinvested.. So if you cannot handle something as low as $10 per week, then you might have to go down to $10 per month.. and then once you figure out how to live without tapping into your $10 per month you can work your way to higher investment levels of maybe $10 per week and maybe even later $100 per week.. and in that regard, if you only should be investing $10 per month because you do not have your financial matters in order, then you better not be investing more than that... until you get your shit together.

Yes.. bear markets might last 3-6 months, but they might end up lasting 3-6 years, so there is a need to be prepared for either scenario and to have an investment plan that attempts to NOT overinvest, but at the same time, it is great to invest in a sufficiently aggressive and assertive manner that is within reasonable and prudent assessments of your finances... including considering the matters I listed above in response to harapan.

-snip--

You could always have the option whenever you do have the money to spent or invest on which means that you are really that capable on doing so or simply talks about being versatile on different conditions.
Yes,DCA is very common but only a few could able to handle such accumulation because not all does have that big funds on purchasing whenever the market declines even further.It would really be a never
ending chase but we know that on a market if there's price decline then there would be always a recovery.

You seem to be mixing up DCA with buying on dips.

With DCA, you set an amount that you can buy no matter what.. based your cashflow, not based on the price of BTC.  Accordingly, there is a presumption that in the long run that BTC prices are going to be up higher than your DCA amount... especially if you have a 4-10 year time horizon or longer.

You can supplement your DCA strategy with buying on dips... and so save some money for buying on dips (that is optional, and we cannot be sure if more dip will happen or not, but of course, you can set up your dip parameters too.. which should be a different budget than your DCA which is just an ongoing amount.. $100 per week, $10 per week, or whatever amount that might seem feasible for your budget and having your regular expenses covered including have reserves for emergency expenses, too).

There should be no need to mix it up with the DCA that is applied, we must focus on our routine, not in terms of the price of BTC falling for DCA.
I already have a monthly and not weekly plan because I have assumed that monthly needs with DCA are a good way for me to keep my needs met, it's not a burden, even though it's not big, but there will be a good average value of the month, it depends on how needs every month for us.
By completing the DCA strategy, I will set it up to a price of $50k (optional) but I want it to continue so that there will be no break for a period of 4-5 years.

There can be a variety of ways that you could set up your DCA in terms of your cashflow - when you get paid and maybe even attempting to account for a variety of uncertainties in your cashflow and even expenses.

For years, I have had a tendency to project my cashflow out for a couple of years (using an excel spread sheet), and it can be more important (helpful) to project out for longer periods when there are possible complications in your cashflow, expenses and investment goals that you want to attempt to plug into your cashflow projection.

So you could have a kind of worse case scenario figured out that you would project that you would invest $10 per week into bitcoin (and of course, it makes sense that some of this might be more reasonably framed in terms of monthly), and so if the whole month ends up going well, then you might be able to inject more into your BTC investment for that month because your cashflow might have ended up being higher and/or your expenses might have ended up being lower, so then you can end up folding the excess into bitcoin.. but only after you have pretty much cleared the month or assured that you have the short term sufficiently covered, and you know that you had exceeded your expectations for that month.  Some months might have higher levels than others, but you may also have a kind of budget that attempts to maintain a base level - such as $10 per week on average to invest into bitcoin, and of course people with higher cashflows and/or lower expenses might be able to establish a higher base level and to see that they still have cushion cashflow reserves in their budget that might be projected out for a couple of years but have more attention paid to the shorter time frames in which bills are coming due and assessments can be made about whether cashflows expectations have been met.

[wmaurik]

I have a somewhat standardize talking point about this topic of how each of us should attempt to tailorize their investment into bitcoin, in terms of studying themselves, and individual considerations include but are not limited to cashflow, other investments, view of bitcoin as compared with other investments, timeline, risk tolerance, time, skills and abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.

This is true, that's why I research more often then tolerate risk and change strategies a bit from time to time when trading in the market with Bitcoin. Because when Bitcoin starts to correct and fall, I am always more convinced that Bitcoin will rise again so that makes me have to reorganize my strategy and research more news from time to time.

It can take a long time to figure out each of these, but you do not have to figure them all out before getting started investing in bitcoin.. and accordingly any person could start by investing small (or investing something that they believe is reasonable and prudent - and continue to study their own circumstances, and perhaps tweak their investing strategy from time to time along the way.

Yes, it is very clear because without investing in something that makes sense like in the Bitcoin example, there will be no increase in income in life except for passive income earned through daily work. That's why I'm making two very reasonable investments right now (Bitcoin and Gold).

[JayJuanGee]

I have a somewhat standardize talking point about this topic of how each of us should attempt to tailorize their investment into bitcoin, in terms of studying themselves, and individual considerations include but are not limited to cashflow, other investments, view of bitcoin as compared with other investments, timeline, risk tolerance, time, skills and abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.

This is true, that's why I research more often then tolerate risk and change strategies a bit from time to time when trading in the market with Bitcoin. Because when Bitcoin starts to correct and fall, I am always more convinced that Bitcoin will rise again so that makes me have to reorganize my strategy and research more news from time to time.

In terms of tweaking your BTC investment strategy, you should not have to be tweaking on an ongoing basis.  For example, you establish an initial investing approach that might involve DCA, buying on dip and lump sum investing.  So if you are in the early stages of BTC accumulation, maybe you establish a 6 month budget that would involve figuring out some apportion of your budget, and if your budget is to invest $9k over 6 months for example, then maybe you would lump sum buy with $3k right away, and then you would allocate $3k for DCA ($115 per week for 26 weeks) and $3k for buying on dips (and set your quantity of BTC to buy at each dip price point.

Then perhaps when the end of the 6 months comes, you would reassess your strategy at that time and decide what you are going to do for the next 6 months.

In other words, you should not have to reassess based on the BTC price going up or down because your initial BTC investing plan should already account for the possibilities of up or down.. mostly.

It can take a long time to figure out each of these, but you do not have to figure them all out before getting started investing in bitcoin.. and accordingly any person could start by investing small (or investing something that they believe is reasonable and prudent - and continue to study their own circumstances, and perhaps tweak their investing strategy from time to time along the way.

Yes, it is very clear because without investing in something that makes sense like in the Bitcoin example, there will be no increase in income in life except for passive income earned through daily work.

The idea of passive income is the kind of income that is earned without working, but instead you earn it by investing and then earning interest, or maybe having an investment of $1 million and then withdrawing from the investment at about 4% per year - which would be considered a kind of passive income of $40k per year or $3,333 per month.  Work is not considered passive income, but instead active income presuming that you have to engage in some kind of action in order to get paid.

That's why I'm making two very reasonable investments right now (Bitcoin and Gold).

You can invest in whatever you like.. but I would say fuck gold.

Bitcoin largely serves the same purpose as gold (but better) in terms of being a hedge against the dollar (and other fiat systems), and bitcoin is likely 20,000x underpriced as compared with gold.  

In other words, bitcoin is about 1,000x gold's value, but currently bitcoin is priced about 1/20 of gold's market cap.... so even if it could take 150 years or longer for bitcoin to reach its fair market value relative to gold, any of us should be able to recognize and appreciate that it is way better to invest in bitcoin as compared with gold.. so you may well want to consider either dropping gold completely or at least considerably reduce how much you invest into it and mostly concentrate on bitcoin.  Maybe 1/20th invested into gold as compared with bitcoin at most (that would be 5% in gold as compared with bitcoin.. at most)..

[Zanab247]

My hands will be stronger (for buying more) once Bitcoin drops under $20k again, preferably closer to $10k. I don't think we will be seeing any significant rebound until 2025.

Based on what is happening right now in the crypto market, show that the price of Bitcoin will not decrease more than $20,000 before it will move higher for people to feel bullish season in the community. It's a good choice for you to buy more of bitcoins because it will be difficult for people to see this kind of opportunity before the end of this year 2022, and anyone who can embrace this opportunity to buy more and hold till the price move higher will really make a good profits . Am about to enter the crypto market to buy more because the price will definitely increase higher before the end of next month for those that invested to have something good to achieve.

[salad daging]

There can be a variety of ways that you could set up your DCA in terms of your cashflow - when you get paid and maybe even attempting to account for a variety of uncertainties in your cashflow and even expenses.

For years, I have had a tendency to project my cashflow out for a couple of years (using an excel spread sheet), and it can be more important (helpful) to project out for longer periods when there are possible complications in your cashflow, expenses and investment goals that you want to attempt to plug into your cashflow projection.

So you could have a kind of worse case scenario figured out that you would project that you would invest $10 per week into bitcoin (and of course, it makes sense that some of this might be more reasonably framed in terms of monthly), and so if the whole month ends up going well, then you might be able to inject more into your BTC investment for that month because your cashflow might have ended up being higher and/or your expenses might have ended up being lower, so then you can end up folding the excess into bitcoin.. but only after you have pretty much cleared the month or assured that you have the short term sufficiently covered, and you know that you had exceeded your expectations for that month.  Some months might have higher levels than others, but you may also have a kind of budget that attempts to maintain a base level - such as $10 per week on average to invest into bitcoin, and of course people with higher cashflows and/or lower expenses might be able to establish a higher base level and to see that they still have cushion cashflow reserves in their budget that might be projected out for a couple of years but have more attention paid to the shorter time frames in which bills are coming due and assessments can be made about whether cashflows expectations have been met.

To calculate my cash flow in terms of monthly income and later expenses I have projected it in a document (spreadsheet) from the beginning of the DCA that was applied, everything will be recorded in detail so that I know everything that has been done in this typical monthly flow is important so I do it's probably the same as you.
Well every long-term investment must have a record in it so that we can calculate it easily.

So even though the scenario has been pre-arranged, the initial monthly DCA investment income is maybe if my cash flow is stable I can project weekly or biweekly, whatever it is that has been generated during my monthly work, I think this will not last long it becomes stable, of course there are bad things, but with the notes in the (spreadsheet) I know my investment income with the planned annual DCA.

[Dunamisx]

Mindset - if we think it was hard, not to wonder why we can't wait for the next Bullrun but had sold them earlier. It was very usual words to hear about HOLD, HOLD but unfortunately, only a few are committed to doing it, some have some reason which is quite understandable.

I believe nit all hands are equal when it comes to investment rate people take on bitcoin, but it has to be reminded that the principle of the higher the value invested the higher the profit anticipated to realize with the condition of over a long time investment, and also we must not be one sided because no amount is too small for an investment and these two cases needed to be clarified well enough without leaving anything behind.

Am about to enter the crypto market to buy more because the price will definitely increase higher before the end of next month for those that invested to have something good to achieve.

Ensure you maintain that strong hand by only investing on bitcoin and remain strong. Nothing is sure with other cryptos than weaker limbs.

[hyudien]

With DCA, you set an amount that you can buy no matter what.. based your cashflow, not based on the price of BTC.  Accordingly, there is a presumption that in the long run that BTC prices are going to be up higher than your DCA amount... especially if you have a 4-10 year time horizon or longer.

Of the many long-winded discussions related to DCA, for me the sentences in bold are clear, straightforward, simple, easy to understand and beginners will easily interpret DCA as a whole. Buy regularly, and whatever the current Bitcoin price is. Then we will look at the various advantages of each calculation. And you explained it very clearly.

Bitcoin is unquestionable for the DCA method, apart from being tested, with DCA never hearing of anyone losing Bitcoin.

[Ebede]

I noticed that the more the people are buying cryptocurrency is the more the increment cryptocurrency is going up so I believe that we need more investors to come into cryptocurrency so that the price of Bitcoin will rise. I believe that cryptocurrency need more of buyers to bring it up again and also attract more people

[Moeda]

~

Those who have a lot of capital can of course do anything without hesitation. They can buy Bitcoin with proper analysis. Even though the price changes are not as beautiful as expected, of course they can still survive. This is clearly seen by those traders who buy Bitcoin in quantities at the right price. I think in a short time he already got a bigger profit. But what about those who are hesitant in making a decision to buy Bitcoin. Of course it will not be obtained. Everyone in this forum agrees with the future of Bitcoin which will reach the moon. The problem is not in the belief, but in the capital and basic needs. We have to prepare capital and continue to buy Bitcoin and hold it for the long term. I am sure with this method we will succeed in getting bigger profits.

[JayJuanGee]

With DCA, you set an amount that you can buy no matter what.. based your cashflow, not based on the price of BTC.  Accordingly, there is a presumption that in the long run that BTC prices are going to be up higher than your DCA amount... especially if you have a 4-10 year time horizon or longer.

Of the many long-winded discussions related to DCA, for me the sentences in bold are clear, straightforward, simple, easy to understand and beginners will easily interpret DCA as a whole. Buy regularly, and whatever the current Bitcoin price is. Then we will look at the various advantages of each calculation. And you explained it very clearly.

Bitcoin is unquestionable for the DCA method, apart from being tested, with DCA never hearing of anyone losing Bitcoin.

Regarding your last sentence, so far in bitcoin's history, it would have been difficult to lose money if you are ONLY DCAing and you had been in bitcoin for 4-10 years or longer... however, we should attempt to caveat such a statement in a couple of ways, such as understanding that even within the employment of DCA there can be various ways to carry it out in terms of either front loading the investment by investing larger amounts in earlier stages, or maintaining some flat amount and then supplementing it from time to time with further buys on dip.. or maybe by increasing the DCA amounts as income levels (cashflow goes up and/or other expenses go down), so if there had been some dramatic changes in cashflow in recent times, then for sure someone could be in the hole in terms of whether they are in profits or not, even if they had been DCAing for a while (even more than 4 years)..

Another issue remains that past performance does not guarantee future results, and even if any of us might have come to an assessment that bitcoin is amongst the best of investments to hedge or to supplement or to aggressively allocate, we might end up being wrong in the short term, medium term and/or long term.  We do our best in terms of figuring out our strategy and our allocations into bitcoin based on the information that we have and as new information might come in, and so in that regard, we can attempt to be aggressive in our investment into bitcoin, but not necessarily be so aggressive that we end up getting stressed out if our investment into bitcoin might not be performing as well as we had anticipated it to perform.

I noticed that the more the people are buying cryptocurrency is the more the increment cryptocurrency is going up so I believe that we need more investors to come into cryptocurrency so that the price of Bitcoin will rise. I believe that cryptocurrency need more of buyers to bring it up again and also attract more people

Hopefully you are not so distracted as to be investing into shitcoins.

In other words, who gives any shits about "cryptocurrencies"?  Seems like a big distraction and gambling event to me if you are having to use the term "cryptocurrency" 4 times in your above post and you only use the term bitcoin once...

At the same time, I hardly even know what you mean when you use such term "cryptocurrency," and I doubt that it even matters very much if you think that there is such a thing that is worthy of being discussed with such vagueness and without pointing a wee bit moar better to what you are referring.

[hyudien]

Another issue remains that past performance does not guarantee future results, and even if any of us might have come to an assessment that bitcoin is amongst the best of investments to hedge or to supplement or to aggressively allocate, we might end up being wrong in the short term, medium term and/or long term.  We do our best in terms of figuring out our strategy and our allocations into bitcoin based on the information that we have and as new information might come in, and so in that regard, we can attempt to be aggressive in our investment into bitcoin, but not necessarily be so aggressive that we end up getting stressed out if our investment into bitcoin might not be performing as well as we had anticipated it to perform.

You are the best and really understand those details. I got a lot of unknown things. Thanks for straightening out, as many of us are sometimes confused and overly aggressive in responding to a relentless bull market. As if just breathing a little in a bear market then back above $20k again. Self-control, allocation of funds, placement of time to put money into bitcoin must be considered very carefully.

[JayJuanGee]

Another issue remains that past performance does not guarantee future results, and even if any of us might have come to an assessment that bitcoin is amongst the best of investments to hedge or to supplement or to aggressively allocate, we might end up being wrong in the short term, medium term and/or long term.  We do our best in terms of figuring out our strategy and our allocations into bitcoin based on the information that we have and as new information might come in, and so in that regard, we can attempt to be aggressive in our investment into bitcoin, but not necessarily be so aggressive that we end up getting stressed out if our investment into bitcoin might not be performing as well as we had anticipated it to perform.

You are the best and really understand those details. I got a lot of unknown things. Thanks for straightening out, as many of us are sometimes confused and overly aggressive in responding to a relentless bull market. As if just breathing a little in a bear market then back above $20k again. Self-control, allocation of funds, placement of time to put money into bitcoin must be considered very carefully.

Even newbies into bitcoin who try to play the whole matter conservatively and invest for the last couple of years might end up feeling frustrated, because they might even do a lot of the right things such as DCA and buy on dips, but then they end up being way in the red when the BTC price goes dipping down.. so for example, the BTC price went up to $69k, and so buying on dips might have caused a lot of buys in the $50ks and maybe even running out of money by the time the BTC price dipped into the $40ks.. so I agree it is not easy to budget.. and frequently a person can start to believe that s/he is not doing it right... so in that regard I agree.. pacing yourself is good.. and if you just continue to invest into bitcoin over 4-10 years and maybe do not expect to start to withdraw any before many years into the future, you may well end up putting yourself into a very good place financially and psychologically, even though in the early years.. less than 4 years (and maybe even stretching longer than that), you might be feeling as if you are not make progress (even if you are ongoingly stacking sats in ways that you have calculated to be prudently, reasonable and maybe even sufficiently aggressive without trying to become overly aggressive)...

By the way, I did a quickie look at some of your earlier posts in the forum, and surely, even if you have been on the forum for more than 6 years, we might know that it can take a bit of time to figure out both the value of bitcoin and to also to not be getting distracted into various shitcoins along the way.. so yeah, some of those distractions can screw a lot of people up in their bitcoin investing strategies.. so I am not sure at what point in time you started to invest in bitcoin or to get more serious about bitcoin (or if you did?) but I do understand that it can be quite easy to get really distracted by putting money into shitty projects or coins and failing/refusing to adequately solidify a bitcoin position (and understanding) first before getting distracted into the various shitcoins that likely distract you away with misleading talking points.. and perhaps contribute towards causing you to fail to invest into BTC or to under-invest into BTC.

So for example, investing $10 per week into bitcoin for the last 6 years, could have gotten you close to 1 BTC (with about a $3,130 total investment).. which from my point of view, would not be a bad place to be.

[Dunamisx]

I noticed that the more the people are buying cryptocurrency is the more the increment cryptocurrency is going up so I believe that we need more investors to come into cryptocurrency so that the price of Bitcoin will rise. I believe that cryptocurrency need more of buyers to bring it up again and also attract more people

not only do we need more buying hands in bitcoin but also the selling hands as well just to balance it up which is the implication of what demand and supply means in market economics, bitcoin work by this and create chances for new investors to adopt bitcoin while the holders sells off their holdings, surely the price will rise here because the market is perfect position on the both end, and making profit will be easily achieve, but more factors that makes this said increase in bitcoin price are more than this but the two mentioned were the major ones.

Another issue remains that past performance does not guarantee future results, and even if any of us might have come to an assessment that bitcoin is amongst the best of investments to hedge or to supplement or to aggressively allocate, we might end up being wrong in the short term, medium term and/or long term.

JayJuanGee don't you think the long term investment could do more of benefit than the short or medium as it pose less risk of missing out provided that all the required procedures in acquiring the bitcoin is strictly adhere to, one of which is to buy at dip and wait over a long time before the sale, we have other proceedings as well to having the future secured investing in bitcoin

We do our best in terms of figuring out our strategy and our allocations into bitcoin based on the information that we have and as new information might come in, and so in that regard, we can attempt to be aggressive in our investment into bitcoin, but not necessarily be so aggressive that we end up getting stressed out if our investment into bitcoin might not be performing as well as we had anticipated it to perform.

Doing anything involves taking risk, no business one could venture into that is risk free, no risk no gain but the risk is worth taking since the confidence is high with investment on bitcoin to succeed than failing.

[JayJuanGee]

Another issue remains that past performance does not guarantee future results, and even if any of us might have come to an assessment that bitcoin is amongst the best of investments to hedge or to supplement or to aggressively allocate, we might end up being wrong in the short term, medium term and/or long term.

JayJuanGee don't you think the long term investment could do more of benefit than the short or medium as it pose less risk of missing out provided that all the required procedures in acquiring the bitcoin is strictly adhere to, one of which is to buy at dip and wait over a long time before the sale, we have other proceedings as well to having the future secured investing in bitcoin

My assumption is not really any different than yours, Dunamisx; however, I was attempting to make the point that there are no guarantees - even though if we research into bitcoin and we can appreciate both what it is providing and appreciate the solid nature of the various network effects and even paradigm shifting contribution of bitcoin, we should be able to recognize and appreciate that bitcoin is likely one of the best wide-spread assymetric bet to the upside opportunities that has been made available to the whole world.. the little guy and the BIG guy, and the fact that it is even available to the little guy makes it an even more amazing opportunity - but still no guarantees.

Of course, BTC price can be manipulated either up or down in the short term for way longer than any of us believe to be possible, and that manipulation does not ONLY come through direct financial tools but it also comes through various kinds of misinformation and disinformation efforts whether those mis/disinformation efforts are coming through governments, financial institutions, status quo rich or through shitcoin pumpers.  We have to be able to recognize and appreciate that some of the manipulation efforts are going to be successful from time to time in the short term, especially, so bearwhales would love to get bitcoin to go down as low as they can get it to go, and they would also like to keep it down there for as long as they can, and they even have some financial tools to attempt their efforts at getting the bitcoin price down and keeping the bitcoin down - but even if they have a variety of tools and sometimes will be able to coordinate some of their downity efforts - they are not always going to be successful, and there are many examples already in bitcoin's history that they have not been successful - and furthermore, just because the players are getting BIGGER and able to throw more money at achieving their efforts, there still is no guarantee that they are going to be successful and some of them are likely to get reckt as fuck in the process of trying to keep bitcoin's price down.

So, yeah, in the short term, we cannot really know.. and in the long term, we are not guaranteed that BTC's price will recover - even though on an individual level it still seems like you better fucking be investing into bitcoin if you have any brains, even though it is not guaranteed to go up.

We do our best in terms of figuring out our strategy and our allocations into bitcoin based on the information that we have and as new information might come in, and so in that regard, we can attempt to be aggressive in our investment into bitcoin, but not necessarily be so aggressive that we end up getting stressed out if our investment into bitcoin might not be performing as well as we had anticipated it to perform.

Doing anything involves taking risk, no business one could venture into that is risk free, no risk no gain but the risk is worth taking since the confidence is high with investment on bitcoin to succeed than failing.

We are likely on the same page here, too.  Merely because something is risky should not automatically disqualify it in terms of something to invest in; however, it may well affect how much anyone might be willing to invest, and each of us is going to likely come to differing conclusions regarding how much we factor our risk tolerance into our formula in terms of assessing all of our individual factors that we need to be considering when investing into bitcoin.  Individual considerations include but are not limited to cashflow, other investments, view of bitcoin as compared with other investments, timeline, risk tolerance, time, skills and abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.

[Detritus]

 Those who caused FUD are now shock 😲 that BTC did not  drop to $10k as thought, Even if BTC had drop to $10k, that would have been a good buy opportunity for those who knows the true value of BTC. The top crypto influencer who bought 80 BTC @ $19,000 already made $400,000 when BTC Surged to $24,000 few days ago. When the bear market if fully over, BTC will yet be at the top that it has always been.