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JayJuanGee
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February 20, 2024, 11:37:04 PM
Last edit: February 21, 2024, 12:35:22 AM by JayJuanGee
 #181

Yes exactly, with the DCAing method you can start from investing a smaller amount then you keep on maintaining the standard amount and sooner you might get another opportunity which might make you increasingly increase the amount which you allocated to your investment (from investing $15 to investing $20 or $30 in Bitcoin) and other things are it doesn't matter how much you put monthly what matter is how consistent you keep on buying. When you bitcoin of $30 every month a year is =$360 and during the year there might be a month when you will allocate more than $30 that's  why you have to keep on buying so you can meet up.
Yes, imagine investing money regularly instead of just saving it in the bank can potentially lead to higher profits. By using the DCA strategy of investing $30 every month, you can earn a profit on your investment. The same example you have given, if you invest $360 in one year using DCA, it’s difficult to predict the value of the investment at the end of the year. But it’s possible that you could earn a decent profit.

Generally speaking the longer that you are in, the more that your earliest of purchases have had opportunties to compound in value, and surely it is not exactly a strict line, but generally speaking the longer the better.  So for example if we look over a longer period of time and we go with $10 every week, and since there are 52 weeks in a year, after a year we would have $520 invested, and after 10 years we would have $5,200 invested.

So yeah we can calculate the amount that we intend to invest and then attempt to shoot for that, but we cannot tell exactly how much it is going to be worth based on how much the asset (in this case bitcoin) is going to go up in value.  

Another thing that we could do is to create some kind of a spread sheet to project out our anticipated investment in terms of both how much we expect to contribute and outline some estimates of various scenarios regarding how much it might appreciate, and sure we can have some scenarios outlined out as best case scenarios medium case scenarios and worse case scenarios..

Once we put those estimates in place, we could also figure out how much our investment scenarios might also change if we expect changes in our abilities to invest more and we could potentially increase our investment amounts by 20% each year, perhaps if it were to be within our possible budgets.

So maybe if we start out with a BTC price of $55k, and we anticipate that the BTC price will go up about 8% per year and the amount that we invest goes up 20% each year (meaning the first year is $10 week  and then the next year is $12 per week and then the next year is $14.40 per week, then the next 10 years might look like this:

Date   BTC_Price   Weekly$Amt   $Invst/Yr   RunTotal$Invst   BTC/Yr   TotalBTC   Total$Value
1/14/25   $59,999.40   $10.00   $520.00   $520.00   0.00900009   0.00900009   $540.00
1/14/26   $64,799.35   $12.00   $624.00   $1,144.00   0.01000010   0.01900019   $1,231.20
1/14/27   $69,983.30   $14.40   $748.80   $1,892.80   0.01111122   0.03011141   $2,107.30
1/15/28   $75,581.96   $17.28   $898.56   $2,791.36   0.01234580   0.04245721   $3,209.00
1/14/29   $81,628.52   $20.74   $1,078.27   $3,869.63   0.01371756   0.05617477   $4,585.46
1/14/30   $88,158.80   $24.88   $1,293.93   $5,163.56   0.01524173   0.07141650   $6,295.99
1/14/31   $95,211.51   $29.86   $1,552.71   $6,716.27   0.01693526   0.08835176   $8,412.10
1/15/32   $102,828.43   $35.83   $1,863.25   $8,579.52   0.01881695   0.10716871   $11,019.99
1/14/33   $111,054.70   $43.00   $2,235.90   $10,815.43   0.02090772   0.12807644   $14,223.49
1/14/34   $119,939.08   $51.60   $2,683.09   $13,498.51   0.02323081   0.15130724   $18,147.65

You can see that the first year or two don't really do anything, but the longer that you are in, the more that the value starts to compound upon itself, and even though over 10 years, we a bit more than a doubling in the price of BTC from $55k to $120k, we end up getting quite a bit of appreciation in our value since we would have had invested nearly $13.5k, yet the value of our holdings would be close to $18.2k.. and of course, we can play around with these kinds of numbers to try to figure out if there might be more aggressive or less aggressive investment scenarios but also we can make assessments if we consider the BTC price to go up a lot in value or a little bit in value, and we could have steady anticipated appreciation or maybe we might assume some years to be up and some to be down, yet we might ask ourselves for the purposes of projecting out future BTC price fluctuations does it help us to predict with a lot of granularity or might we be better served by keeping our projection more general and then just adjust it each year after it has played out?

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February 20, 2024, 11:53:28 PM
 #182

Yes exactly, with the DCAing method you can start from investing a smaller amount then you keep on maintaining the standard amount and sooner you might get another opportunity which might make you increasingly increase the amount which you allocated to your investment (from investing $15 to investing $20 or $30 in Bitcoin) and other things are it doesn't matter how much you put monthly what matter is how consistent you keep on buying. When you bitcoin of $30 every month a year is =$360 and during the year there might be a month when you will allocate more than $30 that's  why you have to keep on buying so you can meet up.
DCA helps you to be more realistic than being more speculative. You don’t get to wait on a right time or even need to look at the charts to get an over view of what is been done or what your to expect of the market. You simply set your limit price and the volume you which to buy in BTC or it’s USDT or equivalent in whatever coin you’ve got values in, that’s in the event you ain’t buying with your credit card, Bitcoin ATM and whatever means available to you.

It’s more of a safe means for someone who isn’t entirely sure on what to do or how to approach the market and even still, those whom are sure but just can’t take a pause on building their portfolio. You always get there eventually and that’s a fact.

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February 21, 2024, 01:34:34 AM
 #183

Date   BTC_Price   Weekly$Amt   $Invst/Yr   RunTotal$Invst   BTC/Yr   TotalBTC   Total$Value
1/14/25   $59,999.40   $10.00   $520.00   $520.00   0.00900009   0.00900009   $540.00
1/14/26   $64,799.35   $12.00   $624.00   $1,144.00   0.01000010   0.01900019   $1,231.20
1/14/27   $69,983.30   $14.40   $748.80   $1,892.80   0.01111122   0.03011141   $2,107.30
1/15/28   $75,581.96   $17.28   $898.56   $2,791.36   0.01234580   0.04245721   $3,209.00
1/14/29   $81,628.52   $20.74   $1,078.27   $3,869.63   0.01371756   0.05617477   $4,585.46
1/14/30   $88,158.80   $24.88   $1,293.93   $5,163.56   0.01524173   0.07141650   $6,295.99
1/14/31   $95,211.51   $29.86   $1,552.71   $6,716.27   0.01693526   0.08835176   $8,412.10
1/15/32   $102,828.43   $35.83   $1,863.25   $8,579.52   0.01881695   0.10716871   $11,019.99
1/14/33   $111,054.70   $43.00   $2,235.90   $10,815.43   0.02090772   0.12807644   $14,223.49
1/14/34   $119,939.08   $51.60   $2,683.09   $13,498.51   0.02323081   0.15130724   $18,147.65

You can see that the first year or two don't really do anything, but the longer that you are in, the more that the value starts to compound upon itself, and even though over 10 years, we a bit more than a doubling in the price of BTC from $55k to $120k, we end up getting quite a bit of appreciation in our value since we would have had invested nearly $13.5k, yet the value of our holdings would be close to $18.2k.. and of course, we can play around with these kinds of numbers to try to figure out if there might be more aggressive or less aggressive investment scenarios but also we can make assessments if we consider the BTC price to go up a lot in value or a little bit in value, and we could have steady anticipated appreciation or maybe we might assume some years to be up and some to be down, yet we might ask ourselves for the purposes of projecting out future BTC price fluctuations does it help us to predict with a lot of granularity or might we be better served by keeping our projection more general and then just adjust it each year after it has played out?
In my understanding of this your table I see that the investment on DCA per week in the first year of the table was $10 per week compounding to $520 per year because there are 52 weeks per year with the value of btc at $59k per btc. And the second year DCA method change from 10 to $12 per week at the value of $64k consecutively till the 10 years interval of $119k approximately $120k all is base on absumbtion. But I Think it would have been better for someone to invest higher when the value is low than waiting for the price to high before increasing the weekly DCA. For example according to the table at first year when btc was $59k, weekly DCA was $10. At second year when btc was $64k the DCA was 12, 14 17 to $51consecutively for the 10years interval. don't you think if this DCA was turned upside down, that more profit would be made? Just like DCAing $51 from the first year and going down to $10 in the 10th year. Because if someone can have a purchasing power of $51 dollar when btc is $120k per btc, I don't see any reason why such could not be done now it is bearly half of the value. I am just sudjesting not actually analysing, but want to also hear from you @JJG what do you think? Is it a wise investment approach? Because the amount you buy in the first year at $51 *520 you would have made $2652 which would have been increasing as btc rises. Before the price of bitc could reach $120k you would have made yourself alot of profit.
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February 21, 2024, 02:48:57 AM
 #184

Since you don't have enough knowledge about investing in Bitcoin, do enough research and gather a lot of knowledge about investing before you invest. Everything you need to know about your investment. And before investing first prepare yourself for full investment. If you get a salary of $300 per month, if you invest $50 in bitcoins out of that, you can very well serve your family and all your personal expenses with $250. You don't need any exact time to buy bitcoins, if you invest in long term you will definitely get profit. Just invest for long term. If you continue to invest in Bitcoin in this way, you will surely achieve great success in life.
And good luck to you
Of course OP needs to invest for long term also he needs to grow the investment by investing in DCA method. Whenever OP invests in DCA method he has to hold the investment for long term. Here is OP's monthly income of $300, there is $250 for his household expenses and $50 to invest in Bitcoin. 50$ monthly investment is not bad. If he can invest regularly 50$ in Bitcoin and keep it for a long time then he will get big returns.
50 dollars monthly is not that bad specially if you know which coin you are investing (this means altcoin of course) but if you are confident about Bitcoin to bring you better result for that amount then yeah put that 50 bucks in bitcoin monthly and that would be 600$ a year, that for me is too small talking about how pricey bitcoin nowadays.
but this is for OP to decide, he has His strategy and we are just giving Him second option and better understanding about things in life.









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February 21, 2024, 02:54:03 AM
 #185

Date   BTC_Price   Weekly$Amt   $Invst/Yr   RunTotal$Invst   BTC/Yr   TotalBTC   Total$Value
1/14/25   $59,999.40   $10.00   $520.00   $520.00   0.00900009   0.00900009   $540.00
1/14/26   $64,799.35   $12.00   $624.00   $1,144.00   0.01000010   0.01900019   $1,231.20
1/14/27   $69,983.30   $14.40   $748.80   $1,892.80   0.01111122   0.03011141   $2,107.30
1/15/28   $75,581.96   $17.28   $898.56   $2,791.36   0.01234580   0.04245721   $3,209.00
1/14/29   $81,628.52   $20.74   $1,078.27   $3,869.63   0.01371756   0.05617477   $4,585.46
1/14/30   $88,158.80   $24.88   $1,293.93   $5,163.56   0.01524173   0.07141650   $6,295.99
1/14/31   $95,211.51   $29.86   $1,552.71   $6,716.27   0.01693526   0.08835176   $8,412.10
1/15/32   $102,828.43   $35.83   $1,863.25   $8,579.52   0.01881695   0.10716871   $11,019.99
1/14/33   $111,054.70   $43.00   $2,235.90   $10,815.43   0.02090772   0.12807644   $14,223.49
1/14/34   $119,939.08   $51.60   $2,683.09   $13,498.51   0.02323081   0.15130724   $18,147.65

You can see that the first year or two don't really do anything, but the longer that you are in, the more that the value starts to compound upon itself, and even though over 10 years, we a bit more than a doubling in the price of BTC from $55k to $120k, we end up getting quite a bit of appreciation in our value since we would have had invested nearly $13.5k, yet the value of our holdings would be close to $18.2k.. and of course, we can play around with these kinds of numbers to try to figure out if there might be more aggressive or less aggressive investment scenarios but also we can make assessments if we consider the BTC price to go up a lot in value or a little bit in value, and we could have steady anticipated appreciation or maybe we might assume some years to be up and some to be down, yet we might ask ourselves for the purposes of projecting out future BTC price fluctuations does it help us to predict with a lot of granularity or might we be better served by keeping our projection more general and then just adjust it each year after it has played out?
In my understanding of this your table I see that the investment on DCA per week in the first year of the table was $10 per week compounding to $520 per year because there are 52 weeks per year with the value of btc at $59k per btc.

There might be some deficiencies in my ballpark formulas, and yeah of course you see that in the first year, the amount invested in the 4th column (of $520) only differs from the value of the BTC holdings by $20.  And, the difference becomes bigger and BIGger and BIGGER with passing years, and the first years are likely not even very important because presumptively a lot of building is going on, and not too much price appreciation.. and even if the BTC price goes up a lot, the amount of BTC accumulated takes a while to build up.

I did another posting in another thread showing some a couple other scenarios in which the BTC price were to go up slower (such as only 2% annually rather than 8% annually in example 2) or if the BTC price were to go up faster (such as 20% annually in example 3).. while keeping the investment amount of $13.5k the same over the 10 years.

So essentially the total amount of BTC accumulated is the median price between the start of the price in the beginning of the year and the end of the year price.. so that estimates how many BTC would be purchased for the year, and the Total $ value of the holdings at the end of the year is simply taking the price at the end of the year in column 2 multiplied times the number of BTC in the wallet in column 7.

And the second year DCA method change from 10 to $12 per week at the value of $64k consecutively till the 10 years interval of $119k approximately $120k all is base on absumbtion.

Yes.  The built in assumption for this scenario is 8% per year price appreciation.  Of course, you can use a different assumption number if you are attempting to project out various possible scenarios.. so you might have some scenarios that are more bullish and other scenarios that are less bullish, and so if you attempt to capture a vast array of scenarios, then you might even assign probabilities in terms of your own point of view and expectations regarding which scenarios you consider to be more likely and which scenarios you consider to be less likely.

But I Think it would have been better for someone to invest higher when the value is low than waiting for the price to high before increasing the weekly DCA.

Frequently we do not have a choice, unless you are planning to gamble with your income.  So for example if a guy makes between $700 and $2k per month with a most commonly received amount of around $1,200 per month, and perhaps expenses that are mostly around $1k per month, then he only has right around $200 extra per month for his discretionary/disposable income. 

Sure it could be possible that he has other savings/investments/assets that he could draw upon, and he could also use debt to invest, but that likely would not be advisable absent some different factual circumstances, and sure of course, guys can do whatever they want, but frequently, they should be attempting to work with what they got in terms of prudence and management rather than gambling with funds that they might not have.

Don't get me wrong, I am a pretty fucking BIG advocate of front loading your BTC investment to some extent, so let's say the same person has around $2,400 that he can take from other areas and allocate that $2,400 to bitcoin investing, and if he has that amount, he could divide 1/3 ($800) for each of the three categories of lump sum, DCA and buying on dips... Or he could just put it all into BTC right away, which might put him in an uncomfortable position if the BTC price does not end up going up from the time of his buying.. and so there frequently can be trade-offs and balancing that is necessary, even with attempts to front-load your BTC investment.

For example according to the table at first year when btc was $59k, weekly DCA was $10.

In this particular table in the first year, the BTC price started at $55k and ended at $60k.. so the average price for the year would have been $57.5k = (($55k + $60k) / 2)

At second year when btc was $64k the DCA was 12, 14 17 to $51consecutively for the 10years interval.

Again $64.8k was at the end of the year, so the start of the second year the BTC price was $60k and at the end of the year it was $64.8k.

And yeah that third column was assuming an ability to increase the weekly DCA amount by around 20% at the end of each year and into the new year... It is kind of a ballpark idea, and surely people can be way more specific with their own situations in terms of figuring out what might work for their own salary versus expenses...and so part of the assumption is that disposable/discretionary income is going up, which is not always going to be the case, but that was the assumption that I had within the creation of this particular hypothetical person's projection of his own financial circumstances and his abilities to authorize his budget for the buying of= BTC.

don't you think if this DCA was turned upside down, that more profit would be made?

Of course I think that it would be better to invest more in the beginning, but let's try to be realistic.

I think part of my point (and suggestion) for anyone getting into BTC is to attempt to be as aggressive as you can without overdoing it, so usually that is going to mean figuring out their budget and getting their finances and psychology in order, which frequently means that they do not have as much disposable/discretionary income, and they have to build up to situations in which they have more disposable/discretionary income.

To me, it sounds like you are wanting to gamble and to be unrealistic, because I am already presuming that the person investing and within the chart is already attempting to be as aggressive as he is able to be, and yeah, if he has other facts and/or circumstances that allows him to be more aggressive, then I have not problem with that, even though it is not as realistic as the scenario that I am painting.. so you seem to be fighting with the scenario and assuming a shrinking rather than a growing discretionary income.

Just like DCAing $51 from the first year and going down to $10 in the 10th year.

If you have discretionary income to do that, then set up your scenario in that way.  I have no problem with such an idea if you are able to do that...even though it seems a bit less realistic to me... but whatever, you can presume whatever facts that you like and if you believe that your own facts allow you to invest in that kind of a way, then do as you wish,. but I personally think that if you are decreasing your investment amount in later years you are likely underinvesting and you would probably be better off to continue to stay as aggressive as you can until you reach a high enough status of BTC accumulation, such as 1- 5 years of your income invested into BTC.. which frequently guys who might be investing 10% of their income into BTC, they are going to take 10 years just to get to 1 years worth of income invested, but yeah if you are abel to do more than 10% then you are way better than average.. and I have no problem with people investing 25% of their income into BTC, but the reality of the matter is that most people are not even in the habit of saving and/or investing 10% of their salary into BTC or anything else.. so if you either want to presume some unrealistic circumstances, or you believe that your own circumstances allow you to consistently, persistently and ongoingly invest more than 10% of your salary into bitcoin and maybe even up to 25% or more, then that surely would be better if you are able to accomplish that level of investing into BTC and to not otherwise suffer or devolve into gambling rather than investing.

Because if someone can have a purchasing power of $51 dollar when btc is $120k per btc, I don't see any reason why such could not be done now it is bearly half of the value.

You are fantasizing.  We are not trying to figure out what this hypothetical person is going to invest based on the BTC price, we trying to figure out how much to invest into BTC based on the persons readiness, willingness and ability to conjure up a sufficient amount of money and to actually invest that money into BTC rather than buying sodas with it. 

This guy has no fucking clue which way the BTC price is going to go with any level of certainty... even though he outlines some theories and he is bullish about bitcoin in generally and he believes that it is generally likely to go up, that is why he invests into it.. he believes in bitcoin's generally overall upwards price direction and realizes that it is not guaranteed, but he still plots out some possible scenarios for where the BTC price might go and tries to see where he might be in the future...

In this particular situation, the guy is just investing as much as he is ready, willing and able to do at time 1 and consistently, persistently and ongoingly investing in the outlined pattern through the next 10 years. and hoping for the best..

I am just sudjesting not actually analysing, but want to also hear from you @JJG what do you think? Is it a wise investment approach? Because the amount you buy in the first year at $51 *520 you would have made $2652 which would have been increasing as btc rises. Before the price of bitc could reach $120k you would have made yourself alot of profit.

Between about 2014 to 2020, I was suggesting that normies, newbies, no coiner get the fuck off zero and start to invest $10 per week into bitcoin. 

Starting from about mid-2020, I started to tell everyone to invest $100 per week, and suggesting that $100 is the new $10, even though it is way less than $10 from 2014 to 2020.. so yeah, guys would be doing really good if they had invested $10 per week from 2014 until now at $10 per week... but there are still guys who are not able to invest $100 per week, so that is why this particular hypothetical is still starting out at $10 per week, even though surely we could 10x all the numbers and start out at $100 per week if someone is able to start out with $100 per week, then maybe he should still start out at $100 per week, and even in this particular scenario, it is easy enough to multiply all the numbers by 10, and then at the end of 10 years he potentially would have invested $135k, and he would have $1.513 BTC valued around $182k...
'
And yeah, if you think that he is able to front load his investment then he would likely be better off, but not everyone comes to bitcoin with an ability to front load their investment, and many people take 20-30 years or even longer to get to any kind of meaningful investment portfolio that might also include getting to fuck you status... and a lot of normies never get to fuck you status.  I think that bitcoin increases your odds to get to fuck you status, and also to get there in a shorter period of time, maybe in 15 years to 20 years but it is not very likely that you can get to fuck you status if you devolve your practices into gambling rather  than attempting to be prudent in your aggressively persistent investing.

By the way, when I came to bitcoin in late 2013, I had already been building my investment portfolio for more than 20 years, and so I was personally able to front load my BTC investment to a certain degree, but it still took me a whole year before I was able to get my BTC allocation up to 10 % of my investment portfolio,  but I was not even sure that 10% was my target until after a whole year buying BTC, and since the BTC price was dropping through 2014, I ended up spending another year continuing to buy BTC, so my allocation ended up getting to right around 13.5% by the end of 2015.. so it can take a while to build up these kinds of matters, even if you have funds that you are able to dedicate to the matter. 

On the other hand, an overwhelming number of people are too damned scared to be aggressive in their investing into BTC, in a consistent and ongoing way, such as figuring out some amount to invest and then to get their shit together and their commitment towards investing.. so if you speculate that people come into bitcoin and they are able to be all gung ho about it, you seem to be in a fantasy land, even if there might be some people who are better able to front load their BTC investment... or even to end up over investing into bitcoin so that they can stop investing (and maybe after a few years to just engage in maintenance of their BTC holdings rather than accumulation, but most people are not going to get to that point in which they can stop or slow down their accumulation and transition into maintenance in less than 15-20 years, even if they do everything right or as best as they are able to do).

50 dollars monthly is not that bad specially if you know which coin you are investing (this means altcoin of course)

Fuck shitcoins. That is retarded.

but if you are confident about Bitcoin to bring you better result for that amount then yeah put that 50 bucks in bitcoin monthly and that would be 600$ a year, that for me is too small talking about how pricey bitcoin nowadays.
but this is for OP to decide, he has His strategy and we are just giving Him second option and better understanding about things in life.

yes.. and fuck shitcoins.. that is dumb.. especially if you are investing rather than gambling.. and this thread is not about shitcoins, but of course, you can do what you like, including gambling rather than investing..

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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February 21, 2024, 02:58:46 AM
 #186

Now everything is so easy for you to invest in Bitcoin while increasing the investment amount every month, the salary you get from work in real life can be allocated to several parts including investing $50 regularly every month. Once accepted into the signature Bitcoin payment campaign, nothing can stop you from investing in Bitcoin, you can do it easily on a regular basis. Your future plans can be made easily, weekly payment from the signature campaign can be saved immediately and you can increase the investment amount from the salary you get every month.

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February 21, 2024, 03:46:03 AM
 #187

I am still here to gather little knowledge about Bitcoin, I don't need enough knowledge, I can invest while learning Bitcoin, but the thing there is I am shuffling my self, so I will not be tangled while I am accumulating Bitcoin, I have come up with a plan of using the DCA method to accumulate a $50 monthly, my monthly payment from my job is $300, if my expenses will collect up $100 then $50 can be kept in crypto (Bitcoin) and another $100 for emergency funds then the remaining $50 can also be kept for personal things. Now is the best time to buy Bitcoin, I am not in a hurry to start investing Bitcoin, when the time comes for me to invest nothing will stop me to invest in BTC, as Bitcoin is not something I will start today and get rich tomorrow that is why I don't want to rush in to it. I will use electrum Bitcoin wallet to save my coins because I have learned so far that the electrum wallet is a safe wallet for any investors that what to hold Bitcoin for long, so I will be using it to hold my coins when I buy some Bitcoin, I will update when I buy my first BTC.
If you can continue your investment for a long period of years using the DCA method with your income of $50 per month then you can definitely get a lot of success from here. But remember that investments should be long-term and not short-term. Also using Electrum wallet to hold bitcoin investment is very safe but wallet seed phrase must be kept very safe. If your wallet seed phrase is not secure then your investment will never be secure. Finally I would like to say that the decision you have taken is a very good one but you must follow through with words and deeds only then you will be successful.

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February 21, 2024, 04:25:48 AM
 #188

50 dollars monthly is not that bad specially if you know which coin you are investing (this means altcoin of course) but if you are confident about Bitcoin to bring you better result for that amount then yeah put that 50 bucks in bitcoin monthly and that would be 600$ a year, that for me is too small talking about how pricey bitcoin nowadays.
but this is for OP to decide, he has His strategy and we are just giving Him second option and better understanding about things in life.

It is still very possible for $50 to be used for Bitcoin even if you say that Bitcoin is no longer at a cheaper price. However, this is still very meaningful for anyone who wants to put their money into Bitcoin with the aim of making a profit every year after putting their money into Bitcoin every month. And from the first option you mentioned, it seems like a very, very bad choice in my opinion and is really more risky, especially if you choose a new altcoin whose market trend itself is still not guaranteed for the long term.

Meanwhile, for an option like Bitcoin, with an amount of $50 every month, it would be a very extraordinary thing if the OP could diligently and happily put it into Bitcoin. And it should be for everyone to make the choice of Bitcoin their main choice after seeing the increase and improvement in prices that have continued since last year until now, supported by several positive effects for Bitcoin itself. In fact, everyone will not know what the condition of their money is when they put that money into altcoins, some of which are shitcoins.

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February 21, 2024, 04:50:44 AM
 #189

50 dollars monthly is not that bad specially if you know which coin you are investing (this means altcoin of course) but if you are confident about Bitcoin to bring you better result for that amount then yeah put that 50 bucks in bitcoin monthly and that would be 600$ a year, that for me is too small talking about how pricey bitcoin nowadays.
but this is for OP to decide, he has His strategy and we are just giving Him second option and better understanding about things in life.
It is still very possible for $50 to be used for Bitcoin even if you say that Bitcoin is no longer at a cheaper price. However, this is still very meaningful for anyone who wants to put their money into Bitcoin with the aim of making a profit every year after putting their money into Bitcoin every month. And from the first option you mentioned, it seems like a very, very bad choice in my opinion and is really more risky, especially if you choose a new altcoin whose market trend itself is still not guaranteed for the long term.

Meanwhile, for an option like Bitcoin, with an amount of $50 every month, it would be a very extraordinary thing if the OP could diligently and happily put it into Bitcoin. And it should be for everyone to make the choice of Bitcoin their main choice after seeing the increase and improvement in prices that have continued since last year until now, supported by several positive effects for Bitcoin itself. In fact, everyone will not know what the condition of their money is when they put that money into altcoins, some of which are shitcoins.

As I type this post, if I were to use $50 to buy bitcoin, I would end up getting nearly 100k satoshis.  That is quite a bit.

And, if I were to do that 10x, then I would get 1 million satoshis. 

Of course the price is going to vary, and if you were forced to stay in dollars.. with your (let's say $600) or get 1million satoshis or get some random vague ass shitcoin (and part of the problem is that peter0425 does not have enough of a clue to actually name one so he refers to them generally), and then the next thing is that you have to wait for 10 years (until February 21, 2034) until you can touch your investment, then which one are you going to want to have?

1) bitcoin (or satoshis, right around 1 million of them)?

2) $600?

3) some random vague-ass bag of shitcoins that peter0425 is not even able to name?

Should we check back in 10 years?  and by the way "altcoin or crypto or shitcoin is not an investment.. you have to choose something to put in your portfolio.. so it is even dumber (or maybe better said, retarded) when you are not even able to name the one (or ones) that you want to put in there and that you are recommending people to go down such a ill-thought-out path.

At least these guys picked 4 shitcoins in their shitcoin portfolio, but they still ONLY chose 1 year, and if you are actually investing into something you should have enough confidence in it to invest for 10 years..

so then which one(s)?  Bitcoin should be the obvious choice for anyone who has spent more than 100 hours considering the matter, and if you spent less than 100 hours, you better get to work, put in your time and do some homework so you are not talking in gibberish/gobbledy-gook and making bad recommendations.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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February 21, 2024, 07:22:15 AM
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 #190

But I Think it would have been better for someone to invest higher when the value is low than waiting for the price to high before increasing the weekly DCA.

Frequently we do not have a choice, unless you are planning to gamble with your income.  So for example if a guy makes between $700 and $2k per month with a most commonly received amount of around $1,200 per month, and perhaps expenses that are mostly around $1k per month, then he only has right around $200 extra per month for his discretionary/disposable income. 

Sure it could be possible that he has other savings/investments/assets that he could draw upon, and he could also use debt to invest, but that likely would not be advisable absent some different factual circumstances, and sure of course, guys can do whatever they want, but frequently, they should be attempting to work with what they got in terms of prudence and management rather than gambling with funds that they might not have.

Don't get me wrong, I am a pretty fucking BIG advocate of front loading your BTC investment to some extent, so let's say the same person has around $2,400 that he can take from other areas and allocate that $2,400 to bitcoin investing, and if he has that amount, he could divide 1/3 ($800) for each of the three categories of lump sum, DCA and buying on dips... Or he could just put it all into BTC right away, which might put him in an uncomfortable position if the BTC price does not end up going up from the time of his buying.. and so there frequently can be trade-offs and balancing that is necessary, even with attempts to front-load your BTC investment.
I can not reply all your comment but In all your explanation I have come in conclusion that DCA should not be invested under pressure or aggression but investing what you can afford that will not affect your other plans.

Secondly DCA is a matter of choice which means if I have a higher paying job I can be able to schedule how I can invest without it affecting me. For example somebody who receives $3000 per month can invest $200 per week and it wouldn't affect him while somebody who receives salary of $200 per month, might find it difficult to invest huge rather investing the least $10per week. that is to say that the investment should be don free mindedly and not a pressure or like a by force investing which will affect the person.

Thirdly the Table is based on absumbtion which means you did it yourself and anyone else can set his target or programs himself on how to DCA. Which implies that the goal is to invest what you can afford according to your earning and also an investment which will not affect your accumulated btc. Because most people who invented on btc with aggression sell of and regretted later.

Also btc is an investment that need focus and determination to achieve it because sometimes inpatient always affect us and makes us do unthinkable things. Meaning we should be courageous to make sure we take btc investment seriously because it is an investment that's is more profitable amongst other investment. and for someone to succeed in it you must set your mind at a long term investment not investing and hoping for results within the shortest period of time.


50 dollars monthly is not that bad specially if you know which coin you are investing (this means altcoin of course) but if you are confident about Bitcoin to bring you better result for that amount then yeah put that 50 bucks in bitcoin monthly and that would be 600$ a year, that for me is too small talking about how pricey bitcoin nowadays.
Altcoin is not a long term investment it is a short term investment which has a short life spam meaning you might be jubilating with the small push up and later get disappointed when it falls off. So when talking about Investment you should be specific. Because for me Bitcoin is a long time investmet while altcoin is a short term investment, which should not be trusted. I have heard so many stories of people who invest in altcoin and got disappointed not only them but I have also do so even the last time I did it. I lost $30 and I have decided never to invest in them. Except I want to use them for low transaction fee for sending across different wallet after which I will sell an buy bitcoin.
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February 21, 2024, 08:19:02 AM
 #191

There are many in our forum who are still students ie they are yet to join any job or business or even any signature campaign in this forum.If they want to invest in Bitcoin, they will not be able to invest in Bitcoin very easily. So those of us who want to invest in Bitcoin must have an income source to invest in Bitcoin.If we have another source of income then we can continue our investment with the money we get from monthly salary apart from our family needs.

Now everything is so easy for you to invest in Bitcoin while increasing the investment amount every month, the salary you get from work in real life can be allocated to several parts including investing $50 regularly every month.
People can now easily invest in Bitcoin with their limited income through DCA method.If a person accumulates $50 worth of bitcoins per month, his total bitcoins at the end of the year will be (12month×$50)$600.

If the same person can prolong his investment for a long time i.e. up to 10 years then after ten years the total amount of invested bitcoins will be (10year×$600)6000 dollars. If he continues to increase his investment by another $20 each year, the amount of bitcoins he has invested will grow by a much larger amount.

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February 21, 2024, 11:27:11 AM
 #192

Now everything is so easy for you to invest in Bitcoin while increasing the investment amount every month, the salary you get from work in real life can be allocated to several parts including investing $50 regularly every month.
People can now easily invest in Bitcoin with their limited income through DCA method.If a person accumulates $50 worth of bitcoins per month, his total bitcoins at the end of the year will be (12month×$50)$600.

If the same person can prolong his investment for a long time i.e. up to 10 years then after ten years the total amount of invested bitcoins will be (10year×$600)6000 dollars. If he continues to increase his investment by another $20 each year, the amount of bitcoins he has invested will grow by a much larger amount.
If you are investing in Bitcoin for the long term, it's not a wise strategy to hold on to your investment for 10 years without considering withdrawing when you make a profit. Since the price of Bitcoin has changed significantly over the past 5 or 10 years, it's better to withdraw your investment when you achieve your selling price or earn enough profit. Continuing to invest for such a long time is not recommended.

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