Impact of bitcoin price speculations on individual bitcoin holding

[Ojima-ojo]

Bitcoin price speculations is one of the market tools used by market speculators to take position in the market and in doing that DCA evaluation is the market calibrator used to determine what direction their approach will be either to take profits or buy during the discount level.


This tool has made our journey in Bitcoin accumulation smooth and rough at the same time, but the impact of the reality of this approach is equal to individual positions when taking that approach to define the market.


So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?

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[Oshosondy]

So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?

I do not DCA. I mean buying every week. I only prefer to buy at low price for now. I am still expecting bitcoin price to fall to $20000 once again. But if bitcoin price did not fall below $20000 and it is getting close to halving, that would be a good time to buy.  

DCA can not pay for now for those that bought at $30000, but those that continue to DCA and wait till 2025 will make enough gain from bitcoin holding. Bitcoin has stayed above $30000 for a long time before falling, people that DCA around that price are losing now, but not loss if they do not sell their coins, they should continue to DCA which will bring the price for profit making down below $30000.

[$crypto$]

So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?

As long as the price is still considered low by me for example in the range of $20,000 to $30,000 then I will continue to do DCA without being influenced by other speculations. This is erratic but I always think about the DCA road plan to keep going for a week/month when I can.

Sometimes with this speculation there is also a little influence like now is an example when bitcoin was long in the $30,000 range for months and then now fell to $25,000 of course at this discounted price want to buy more at once instead of DCA, but I don't think it will be forced considering the finances are not enough to do this.

As long as we don't sell at a time when there is a lot of speculation that bitcoin will fall, we will panic and sell midway.

[Ojima-ojo]

I do not DCA. I mean buying every week. I only prefer to buy at low price for now. I am still expecting bitcoin price to fall to $20000 once again. But if bitcoin price did not fall below $20000 and it is getting close to halving, that would be a good time to buy. 

You made a very good point in your analysis of the best DCA approach to use in preparation for the next bitcoin halving.


But then what i noticed in you overall views on DCA is that, you seem to focused on a single market trend in your presumption of the best DCA trend and you have only pointed to DCA on the line of buying all the way down abd what the base price that is best to take discount buy which you point at the bottom being 20,000.

DCA can not pay for now for those that bought at $30000, but those that continue to DCA and wait till 2025 will make enough gain from bitcoin holding. Bitcoin has stayed above $30000 for a long time before falling, people that DCA around that price are losing now, but not loss if they do not sell their coins, they should continue to DCA which will bring the price for profit making down below $30000.

DCA is a double-edge approach and it can play out in whoever direction depending on the individual positions on it, you are correct on the point that, those who bought Bitcoin when the price was $30,000 are at $ value lost right now, but then also what about those who were able to speculate right the market and have DCA from BTC-$ at BTC$30k, i guess those set pf market speculators are at gain already and have enough liquidity to buy more Bitcoin units with the USDT in possession.


So the market is like gambling, while some lose, others gain it all depends on the angles you approach the market from and your risk assessment level.

[Asuspawer09]

Bitcoin price speculations is one of the market tools used by market speculators to take position in the market and in doing that DCA evaluation is the market calibrator used to determine what direction their approach will be either to take profits or buy during the discount level.


This tool has made our journey in Bitcoin accumulation smooth and rough at the same time, but the impact of the reality of this approach is equal to individual positions when taking that approach to define the market.


So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?

I mean price speculations at the end of the day are just speculations it wasn't really accurate in you cannot relay on it even though it came from any kind of sources, if you could just accurately predict the market then you don't really need to do anything you just need to buy and buy. What I always recommend is to increase there buying power I mean most of them are probably affected there DCA if they have some kind of speculation on the market. I mean if you predict that the market price is going to skyrocket at this date then your going to increase your buying power and then going to buy more Bitcoin so that the profit you're going to make in the end is going to be higher. But if its the opposite then you probably going to buy in your normal way since your dollar cost average you always buying like every week or month. So you can set a regular amount to buy Bitcoin every time or probably you could make it lower since you expected the market price to drop lower it to 50% so that the other 50% you could easily reserve so that you could buy more when the market price already dropped.

For sure the market price is just full of speculation and its actually why the market price skyrocket because investors are speculating that the market price is going to reach like for example 100k$ if that specualtion circulate online that could easily trigger the market especially if there are a lot of evidence that it might be throught something like the Bitcoin halving.

[AakZaki]

I mean price speculations at the end of the day are just speculations it wasn't really accurate in you cannot relay on it even though it came from any kind of sources, if you could just accurately predict the market then you don't really need to do anything you just need to buy and buy. What I always recommend is to increase there buying power I mean most of them are probably affected there DCA if they have some kind of speculation on the market. I mean if you predict that the market price is going to skyrocket at this date then your going to increase your buying power and then going to buy more Bitcoin so that the profit you're going to make in the end is going to be higher. But if its the opposite then you probably going to buy in your normal way since your dollar cost average you always buying like every week or month. So you can set a regular amount to buy Bitcoin every time or probably you could make it lower since you expected the market price to drop lower it to 50% so that the other 50% you could easily reserve so that you could buy more when the market price already dropped.

For sure the market price is just full of speculation and its actually why the market price skyrocket because investors are speculating that the market price is going to reach like for example 100k$ if that specualtion circulate online that could easily trigger the market especially if there are a lot of evidence that it might be throught something like the Bitcoin halving.

Speculation will indeed be very influential. I also think that Bitcoin will reach $100k in the upcoming halving, everyone seems to agree bitcoin ATH will peak later. Some speculation that is done will have an effect, but the FUD that is spread will also prevent Bitcoin from continuing to rise. There will be a lot of FOMO and FUD that will emerge ahead of the Halving, we have to be prepared for everything. We only need to buy and hold, then we will enjoy the benefits.

[Oilacris]

Bitcoin price speculations is one of the market tools used by market speculators to take position in the market and in doing that DCA evaluation is the market calibrator used to determine what direction their approach will be either to take profits or buy during the discount level.


This tool has made our journey in Bitcoin accumulation smooth and rough at the same time, but the impact of the reality of this approach is equal to individual positions when taking that approach to define the market.


So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?

Depends on what position you are into and if you are going for long term holds then you could really still able to do such thing about having that DCA or buying more on the time that the price plummets or do make out some correction.How much more into those people who do make out short trades and having that negative because of that peak entry point? For sure you would really be considering
on taking up some DCA to lessen out that kind of losses which you had commited earlier and lessening out via doing DCA but of course this isnt something that anyone could do since not all would really be having the money on doing so. This is why it would really vary on each person on what are the decisions that they would be making whether they would be sticking into their plan or would really be making out some additional steps or movement so that they could be able to take advantage on whatever market conditions that they would be able to encounter.

[lionheart78]

Bitcoin price speculations is one of the market tools used by market speculators to take position in the market and in doing that DCA evaluation is the market calibrator used to determine what direction their approach will be either to take profits or buy during the discount level.

I believe it is a technical analysis and fundamental analysis that have been used by market speculators to take a position in the market.  Those who do DCA just wanted not to miss out on the opportunity and do not rely entirely on the TA since they don't have calculations on entry and exit points and just buy whenever the price dipped to average down their entry points.

This tool has made our journey in Bitcoin accumulation smooth and rough at the same time, but the impact of the reality of this approach is equal to individual positions when taking that approach to define the market.
So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?

Bitcoin market speculation of other people does not have an impact on me since I rely on the current news, updates, and sentiments of the market.  I somehow look at the price predictions of Technical Analysts to compare my understanding of the Bitcoin market Fundamentals.

For me Bitcoin market speculation is just a guess that we must not get serious with unless it has valid backing and is throughly thought off, but if that is the case it won't be a specluation anymore but a prediction on some grounds of analysis.

[Ojima-ojo]

~

I mean price speculations at the end of the day are just speculations it wasn't really accurate in you cannot relay on it even though it came from any kind of sources, if you could just accurately predict the market then you don't really need to do anything you just need to buy and buy. What I always recommend is to increase there buying power I mean most of them are probably affected there DCA if they have some kind of speculation on the market. I mean if you predict that the market price is going to skyrocket at this date then your going to increase your buying power and then going to buy more Bitcoin so that the profit you're going to make in the end is going to be higher. But if its the opposite then you probably going to buy in your normal way since your dollar cost average you always buying like every week or month. So you can set a regular amount to buy Bitcoin every time or probably you could make it lower since you expected the market price to drop lower it to 50% so that the other 50% you could easily reserve so that you could buy more when the market price already dropped.

For sure the market price is just full of speculation and its actually why the market price skyrocket because investors are speculating that the market price is going to reach like for example 100k$ if that specualtion circulate online that could easily trigger the market especially if there are a lot of evidence that it might be throught something like the Bitcoin halving.

Despite the fact that we cant take speculations as model for decisions making while making purchase of cashing out our Bitcoin in form of it DCA valuations, market speculation have always make the largest portion of our decision making indirectly influencing us daily and redirecting our thoughts to match up with the reality of the market and as to how and when to make decisions, although sometimes some of those speculations may be false but those have contained accurate data's and figures could work in other assets  but not in bitcoin since Bitcoin doesn't  follow any market pattern repeatedly.


So to survive with bitcoin DCA speculation you may have to rely so much on luck to be able to predict the right directions the market will take and plan to hold your bitcoin for the long term base instead of short term approach, we agree that there have been a lot of speculations around the media, predicting $100k BTC market price in 2024, but we have to also have it at the back of our mind that bitcoin is full of unpredictability so for that we may have some challenges trying to predict or relying on Bitcoin future price speculation.

[alastantiger]

So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?

I DCA at the end of every month. It is the safest and most convenient way for me to buy at any price without any pressure. I do not care if bitcoin's price keeps falling or if it reaches $40000. My aim is to have as much satoshis as possible before the halving.

While some people may not prefer DCA for various reasons, I feel it is what works for me. And I'd do what works for me. We will all make gains from bitcoin. For some it may be big for others, it may be small but profit is better than no profit. The only people who lose are those weak hands who sell because of Fear, Uncertainty and Doubt. Those are the real losers.

[348Judah]

So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?

There's more to talk about with bitcoin market impact on our experience in dealing with the market speculations, there are many things to consider while making determination on what tools we are to use in making such decisions with bitcoin, this also lies on how we can speculate bitcoin market price, study the chart, research on previous years and many other indicators that could help us have better results through our speculations, if we make use of them the right way, we are going to have a better experience in what we do, some have started small but amassed into many because they understand the pattern to accumulate bitcoin and properly speculate to the best of their interest.

[Eternad]

~

So to survive with bitcoin DCA speculation you may have to rely so much on luck to be able to predict the right directions the market will take and plan to hold your bitcoin for the long term base instead of short term approach, we agree that there have been a lot of speculations around the media, predicting $100k BTC market price in 2024, but we have to also have it at the back of our mind that bitcoin is full of unpredictability so for that we may have some challenges trying to predict or relying on Bitcoin future price speculation.

DCA is meant to average your buying price to your general holdings so experiencing price dump after your purchase is not a complete since you are expecting that it will happened that’s why you pirchase by batch in different price level.

Price speculation is least of your concern whe you do DCA strategy since you will purchase whenever your target hits regardless of what’s happening in the price since you have a long term goal when you use DCA.

[lionheart78]

~

So to survive with bitcoin DCA speculation you may have to rely so much on luck to be able to predict the right directions the market will take and plan to hold your bitcoin for the long term base instead of short term approach, we agree that there have been a lot of speculations around the media, predicting $100k BTC market price in 2024, but we have to also have it at the back of our mind that bitcoin is full of unpredictability so for that we may have some challenges trying to predict or relying on Bitcoin future price speculation.

DCA is meant to average your buying price to your general holdings so experiencing price dump after your purchase is not a complete since you are expecting that it will happened that’s why you pirchase by batch in different price level.

Indeed DCA purpose is to average down the entry price in the market.  So it is done when there is dip in the price of Bitcoin.  We cannot averaged down if we buy on the uptrend, so DCA is done whenever there is a new lower low in the marketplace.

Price speculation is least of your concern whe you do DCA strategy since you will purchase whenever your target hits regardless of what’s happening in the price since you have a long term goal when you use DCA.

True, but obviously, the reason why we accumulate through DCA is to sell at a higher target price,  so I believe speculating is part of the reason why we actively monitor the price trend of the market and buy the moment the price of BTC hits another lower low.

[Ultegra134]

I'm not directly buying Bitcoin myself; instead, I rely on signature campaign payments and never cash out a single Satoshi. Payments are made on a weekly basis, and due to some personal stuff going on now, I've missed a week or two. However, despite me not buying Bitcoin myself, this is still a form of DCA, because I could potentially withdraw every payment that went through. If I was in a dire financial situation and needed the money, then I guess I'd be forced to do it.

The last time I checked, my DCA, or average purchase price, was approximately $28,000, which means that I'm at a loss now. Although I don't find it significant enough to bother me, In my opinion, a decent average purchase price is somewhere between $24,000 and $25,000, which isn't too low nor too high to not be presented with great opportunities in the future. Unfortunately, even though I was in the Bitcoin scene quite early, I didn't have the chance to own Bitcoin when its value was significantly lower.

[fuguebtc]

I'm not directly buying Bitcoin myself; instead, I rely on signature campaign payments and never cash out a single Satoshi. Payments are made on a weekly basis, and due to some personal stuff going on now, I've missed a week or two. However, despite me not buying Bitcoin myself, this is still a form of DCA, because I could potentially withdraw every payment that went through. If I was in a dire financial situation and needed the money, then I guess I'd be forced to do it.

The last time I checked, my DCA, or average purchase price, was approximately $28,000, which means that I'm at a loss now. Although I don't find it significant enough to bother me, In my opinion, a decent average purchase price is somewhere between $24,000 and $25,000, which isn't too low nor too high to not be presented with great opportunities in the future. Unfortunately, even though I was in the Bitcoin scene quite early, I didn't have the chance to own Bitcoin when its value was significantly lower.

Accumulating bitcoins from signature campaign payments isn't too bad if you haven't sold any bitcoins yet. But why don't you buy bitcoin directly? I mean, we're in bear season and with many big drops like bitcoin down to $15k, it's a great time to buy bitcoin on the cheap. Since I think the opportunity to buy cheap bitcoin under 20k is not too much, we should take advantage of every opportunity we get. Just like many people were scared when they saw bitcoin plummet so did not dare to buy, and now they have to buy at a much higher price.

[WatChe]

I'm not directly buying Bitcoin myself; instead, I rely on signature campaign payments and never cash out a single Satoshi. Payments are made on a weekly basis, and due to some personal stuff going on now, I've missed a week or two. However, despite me not buying Bitcoin myself, this is still a form of DCA, because I could potentially withdraw every payment that went through. If I was in a dire financial situation and needed the money, then I guess I'd be forced to do it.

The last time I checked, my DCA, or average purchase price, was approximately $28,000, which means that I'm at a loss now. Although I don't find it significant enough to bother me, In my opinion, a decent average purchase price is somewhere between $24,000 and $25,000, which isn't too low nor too high to not be presented with great opportunities in the future. Unfortunately, even though I was in the Bitcoin scene quite early, I didn't have the chance to own Bitcoin when its value was significantly lower.

As crypto is not allowed in my country, gathering bitcoin via signature campaigns remain the only and safest way to accumulate Bitcoins here. Since payments are made weekly so its automatically a DCA manner. Its also risk free since we are not buying bitcoins in exchange of fiat. I am not cashing out my Bitcoin till halving next year and I suggest others to HODL at least for one year. There is no need to panic about current price depletion, its just a temporary depletion.

[Dave1]

So my question is, what has been the impact of Bitcoin market speculation on your Bitcoin/DCA approach on the Bitcoin accumulation journey?

For me? None, as you have said, it's DCA so regardless of the price then you will have to buy at certain put to continue what you have started. Of course when the price goes down, you might accumulate an additional sats.

But the end goal here is accumulation, so you do whatever phase you can whatever the price will be and just continue with it and fatten your wallet as much as you can thru DCA strategy.

[TravelMug]

I'm not directly buying Bitcoin myself; instead, I rely on signature campaign payments and never cash out a single Satoshi. Payments are made on a weekly basis, and due to some personal stuff going on now, I've missed a week or two. However, despite me not buying Bitcoin myself, this is still a form of DCA, because I could potentially withdraw every payment that went through. If I was in a dire financial situation and needed the money, then I guess I'd be forced to do it.

The last time I checked, my DCA, or average purchase price, was approximately $28,000, which means that I'm at a loss now. Although I don't find it significant enough to bother me, In my opinion, a decent average purchase price is somewhere between $24,000 and $25,000, which isn't too low nor too high to not be presented with great opportunities in the future. Unfortunately, even though I was in the Bitcoin scene quite early, I didn't have the chance to own Bitcoin when its value was significantly lower.

As crypto is not allowed in my country, gathering bitcoin via signature campaigns remain the only and safest way to accumulate Bitcoins here. Since payments are made weekly so its automatically a DCA manner. Its also risk free since we are not buying bitcoins in exchange of fiat. I am not cashing out my Bitcoin till halving next year and I suggest others to HODL at least for one year. There is no need to panic about current price depletion, its just a temporary depletion.

Yes, I do agree, with signature campaigns, you can accumulate it every week and so this could also be consider DCA in my book. But for those who have the capital to begin with, when the price goes down, then maybe it's time for them to buy more. And inversely, if the price goes up, then their budget could only buy that much bitcoin in their wallet. So there is no risk in that method, you can continue to do it as long as you can with little risk on your end. You just have to be careful that you put it in a wallet that you can control.

[Ultegra134]

I'm not directly buying Bitcoin myself; instead, I rely on signature campaign payments and never cash out a single Satoshi. Payments are made on a weekly basis, and due to some personal stuff going on now, I've missed a week or two. However, despite me not buying Bitcoin myself, this is still a form of DCA, because I could potentially withdraw every payment that went through. If I was in a dire financial situation and needed the money, then I guess I'd be forced to do it.

The last time I checked, my DCA, or average purchase price, was approximately $28,000, which means that I'm at a loss now. Although I don't find it significant enough to bother me, In my opinion, a decent average purchase price is somewhere between $24,000 and $25,000, which isn't too low nor too high to not be presented with great opportunities in the future. Unfortunately, even though I was in the Bitcoin scene quite early, I didn't have the chance to own Bitcoin when its value was significantly lower.

Accumulating bitcoins from signature campaign payments isn't too bad if you haven't sold any bitcoins yet. But why don't you buy bitcoin directly? I mean, we're in bear season and with many big drops like bitcoin down to $15k, it's a great time to buy bitcoin on the cheap. Since I think the opportunity to buy cheap bitcoin under 20k is not too much, we should take advantage of every opportunity we get. Just like many people were scared when they saw bitcoin plummet so did not dare to buy, and now they have to buy at a much higher price.

I honestly could have purchased but did not, as I don't have a stable income at the moment and will not have for at least two more months and possibly even more, apart from signature campaigns and another minor source, which isn't enough, especially if you consider that signature campaign earnings strictly remain in my wallet untouched till the market recovers. Thus, at least for now, I prefer not to use any of my own money towards such investments because that would be risky and reckless. I have savings that are enough, so I could justify an investment; I'm not currently struggling, but as I mentioned earlier, I don't have a viable income. Thus, I prefer to play it safe and avoid using my own money, at least until I can afford to spend more without depleting my savings.

I'm possibly going to regret it in the long run because Bitcoin is quite affordable at the moment and the capabilities of a 100% yield are extremely plausible in the next year.

[taufik123]

I honestly could have purchased but did not, as I don't have a stable income at the moment and will not have for at least two more months and possibly even more, apart from signature campaigns and another minor source, which isn't enough, especially if you consider that signature campaign earnings strictly remain in my wallet untouched till the market recovers.
-snip-

Not having a steady income means that you have to think about how to manage your finances well to cover your living expenses and postpone your investment plans.

But if you have some small sources of income from side jobs or signature campaign fees, it could be a good opportunity to start doing DCA.
Even if the signature campaign fees you use are small, at least you still have the opportunity to continue collecting Bitcoin.

I myself continue to collect Bitcoin from the signature campaign that I use.
Do DCA every week and it is the best way instead of having to use savings for other purposes or sudden needs.

Always use unplanned money for future needs.
That's everyone's advice here and it's the right thing to do.