Jay Juan..
your last post started by describing one investment method called "averaging down" which is a way if using the same amount of fiat when buying the high you spend again to buy the low. that average becomes $33k
You are overly projecting if you try to lock what I said into something that you are wanting it to be in order that you can create a kind of strawman.
I was giving a general overview of the situation in which the BTC price dropped from $50k (the proclaimed BTC buying starting point of newbie member 721Lamont) to the current BTC price. No way was I suggesting some kind of a rigid laddering practice that would ONLY be buying in equal increments on the way down, unless the person was wanting to construct such an artificial approach (limitation) for himself/herself.
Sure in the end new BTC accumulators can do whatever the fuck they want, yet becoming too rigid is likely NOT any kind of approach that I would be recommending absent a real specific reason to approach it that way (and I cannot really think of any reason to do that unless a person was already fully allocated in bitcoin and just treating his/her additional accumulation as a kind of detached game.. which hardly makes any sense for the vast majority of people to be treating their bitcoin accumulation in that kind of a way, even though I realize that people come up with all kinds of quasi-retarded approaches to the way that they do things, including something like accumulating bitcoin).
however.. DCA is a different investment method. where people just buy in regular amounts often no matter the price because you trust one day in the future the price will grow to beat whatever prices you buy at now
That's true. A pure DCA method would be buying regularly at whatever price, so for example $10 per week or $100 per week or $2,000 per month or whatever other set schedule that a person might choose.
For sure, if someone is brand new to bitcoin, then I may well recommend starting with something very close to a pure DCA method; however, usually I will also recommend that newbies attempt to be somewhat introspective regarding why they are buying BTC and to at least consider if they want to attempt to employ some kind of a hybrid version of DCA that might also include buying on dips, lump sum investing as ways to potentially front load their investment or to consider ways that they might tailor their approach to the totality of their own situation that would include considering factors related to their cashflow, other investments, view of bitcoin as compared with other investments, timeline, risk tolerance, and time, skills, goals (investment/lifestyle targets) 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.
Of course, there is a need to walk before running, so in that regard, I consider DCA to be a kind of superficial way to get started and I also consider it to be amongst the best of BTC accumulation strategies for those who are just getting started and do not know what to do, and also can be a fall back approach, even when attempting to apply some other BTC accumulation methods or even a fallback approach if someone might consider that they may have graduated away from BTC accumulation, but then for some reason consider that BTC's price moves or some other factors (or even changes in their own considerations) may have caused them to fall back into some kind of BTC accumulation approach to their BTC investment portfolio.
i personally dont like to just tell people or see other people tell others to straight out DCA
I like to tell people to do what the fuck they want, and they are responsible for their own investment.. but a good starting approach is DCA... and in the end they are responsible for what they choose to do... but get the fuck started.
instead yes put your spare fiat into an exchange regular ready to buy.
That might work, but I usually don't recommend waiting as a way to get started.. but hey.. you do you. If you think waiting is a good idea, then perhaps you already have some BTC.. if you do not have any, you better at least start by buying a little.. and at least at that point you have gotten started... and then once you have already started, you are then able to supplement with whatever other approach.
Of course, there may well be circumstances in which waiting might be prudent.. but if they do not have any BTC, then I hardly imagine waiting to be a good starting plan.
but look at the monthly market. and see are they buying that specific hour at the weekly/monthy high where by it might be good to wait a bit to see some movements and pick a time to 'buy a dip'
Yes.. I don't have any real problem with that kind of an approach. For example, when I got started I had created a 6 month budget for myself, and then I created a weekly allowance for myself (which would have been the total budget divided by 26 in order to get my weekly amount). You could create those approaches on a monthly basis too.. and sure mix and match. My personal approach was to get a stake in the game over 26 weeks and then to spend within the week.. but sure, you could spend within the month... and you can reconsider your approach too, and ultimately, it is likely a good idea to have a plan in which you are comfortable with what your allowance is and your various time periods in which you want to carry out your budget (spending) based on your various personal circumstances.
for instance
a google search reveals that retirees in america social security check are released on wednesdays.. meaning many retirees using their government pension as a inflation hedge by throwing it straight into crypto would all deposit on the same day and end up DCA on same day if all just straight up DCAing.. which ends up causing a wednesday to blip up in a temporary high point each mon on that day per month if everyone done it..
so if too many did. its best to deposit. but wait for the dip after that day
I do not recommend those automatic systems.. and I agree with you that each of us should be careful in terms of buying around dates that a lot of other buys might be taking place...
And, by the way, fuck crypto.. we are not talking about crypto here.. we are talking about bitcoin. I would not recommend any of these strategies in regards to "crypto." Bitcoin has strong fundamentals and is an asymmetric bet (to the upside) that is why DCA and various other long term investment strategies apply to bitcoin but do not necessarily apply to crypto overall unless you happen to find some shitcoin project that you believe has a long term investment thesis and I doubt that would be true. unless you are just fooling yourself in regards to those various smoke and mirror house of cards affinity scams.
If you're referring to the same market that I am familiar with, then I believe that Bitcoin is underperforming fairly compared to other markets because, despite all the negative press, it has been trading in the $19k to $20k zone for a while. Just take a look at how certain stocks slumped yesterday when they reported earnings that fell short of expectations. Stocks like Meta and AMZN sank yesterday, yet bitcoin is still rising despite news that one of the major bitcoin miners suspended mining yesterday. In conclusion, even if other markets are struggling, bitcoin will still move when an opportunity arises.
You need to understand that while we are in a bear market, there will be constant attempts to lower the price even lower. But the 19k level proved to be very reliable and there are still hopes that this level will become insurmountable for the bears. In fact, after trying to grow, yesterday bitcoin began to roll back a little, that is, we can say that there was a reaction to the news, but it was very insignificant.
Many people in
crypto world is afraid of
cryptocurrency because of the bearish market that we experiencing now but I know that the value of bitcoin today which is not constant it was not the first time it happens like this the value to go up and come down so it might be changed to a higher price any time so that is why I am not afraid of the price cycle of
cryptocurrencyFuck crypto currencies and shitcoins. We are not talking about that here. Try rewording your post and focus on talking about bitcoin in order that you are at least talking about the subject matter of this thread.
A four-year cycle is hard for me. Because I bought a little bit of bitcoin at $50,000. I think the best way to invest is to buy it and then forget about it. Follow its price a few years later.
If you have extra fund you can accumulate more during this price crash. DCA at least in order to lower down your buy price. And if you don't want to spend more then just hodl and wait for the market to surge on the next bitcoin halving. As stated by OP, Bitcoin market is cyclical so you just need to wait for the current cycle to end and be on the look for the ATH in the next cycle.
I agree with everything that you say serjent05 - except you seem to imply that there is some kind of guarantee that we will be out of this cycle and reach another ATH.
Sure the odds are pretty decent that we will both be going up and that we will reach new ATHs in the coming years, there is no guarantees that ATH will be reached or that BTC will continue to follow a cycle, even if historically (so far) Bitcoin has largely followed a cycle.
