Very useful information, perfectly outlined and well explained investment plan. I have always been wanting to execute a DCA strategy but i have no idea or target on how to implement it yet probably because I don’t have the necessary orientation about it yet. I just came across this post earlier today, and i was so interested in it that I spent the whole day reading through it from the beginning (BTC investment ideas thread). I find it very useful as it will help guide me through my investment decisions of accumulating BTC.
Yes. You must be referring to having had read the combination of both of my investment threads since this particular thread will likely become more applicable (and even meaningful), once a person has either come close to reaching a target or goal or sets aside a certain quantity of bitcoin that he wants to use for a kind of passive/sustainable income stream based on the quantity of the coins in the fund and the withdrawal rate that he might set up.. or if he might also want to change some of the variables in regards to the how much is authorized to withdraw based on how far the BTC spot price is from the 200-week moving average.
I believe the DCA method is the best fit for me out of the three accumulation strategies because I am one of the majority of normies who don't make a lot of money but are still interested in investing in bitcoin. Due to the lack of capital, the lump sum accumulation approach is too much for me, and I am not skilled at timing the market, therefore I cannot use the buy the dip strategy.
I frequently assert that DCA surely can apply to anyone who is in the BTC accumulation stage, but it is even particularly better for the very beginner who might still be trying to figure out how aggressive he might be able to be in accordance with his own budget and psychology. So even if you have hardly any clue about either bitcoin or details of your budget, including how much debt you have and how your cashflow and expenses vary, you still might be able to figure out enough about your financial situation to realize that you probably could buy $100 per week, but since you hardly have any clue abut your own situation (because you have been kind of sloppy and irresponsible or whatever), you can still just decide to invest $10 per week while you spend the next several weeks or even couple of months to get your financial matters in order and at least so you have better ideas about what is going on.
So I frequently will suggest that people start out right away and figure out some of the details as you go, and then once you have your financial matters in order, then you can maximize your level of aggressiveness on your BTC investing. ... which I am not necessarily suggesting that someone who had been neglecting their finances is going to be able to get out of holes in a quick way, but you could start buying a little bit of bitcoin in the meantime.. and then the stronger financial situation would have mostly either taken care of various kinds of debt or got them under control, built up a cashflow reserve and/or emergency fund that covers 3-6 months or more of living expenses and emergencies that could come up (and yeah you don't exactly know the emergencies in advance so you need to attempt to make reasonable estimates of that.. maybe double your cash reserves or some amount you consider to put you in a good position that you would almost never have to be able to touch any of your investments, whether bitcoin or any other investment that you have at a time that is anything other than your own choosing.. and probably with bitcoin, it may well need to be the last of your investments that you should touch, even though it is more liquid than a lot of other investments, but it is likely amongst the best, but those would be choices that you would have to make if you got in to such a situation and hopefully you would already build up measures so you are not even put into such a position).
Sure, when deciding to start out investing into bitcoin you do need to make a determination that you believe that in the future that it has good odds of going up in price, even though it is not guaranteed to go up but that its investment thesis is sufficiently strong, and so you likely don't need to be very convinced in the very beginning, since one of the more important things is just getting the fuck started rather than sitting around and trying to figure it out, but as you are investing on a DCA basis, getting your financial matters in order and a lot of that, you can also continue to study into bitcoin, and surely some people are more busy than others in terms of their abilities to study bitcoin in terms of their balancing of other obligations that they might have.. and some people are faster learners than others. So not all of us can go from not knowing hardly anything about bitcoin and then into giving national interviews in a matter of months.. like Michael Saylor - to the extent that he is even a human... so sometimes it could take a year or two to get more strongly convicted and then maybe also going from $10 per week, then to $50 per week, and then $100 per week and then $200 per week, and maybe even first getting your finances cleaned up, such as paying off debts, establishing an emergency fund, maybe projecting out cashflows to be able to better see future cashflow shortfalls, perhaps cutting some expenses and even increasing income...
Then after doing many of these things, it might start to become more clear what the BTC target is, and it might not be completely locked in place because there might be other variables too to figure out if you have any other investments and then to perhaps consider if you are going to invest in anything other than bitcoin and cash, and surely the more your bitcoin might become multiples of years of your annual expenses, then you might start to think about needs to have other investments so that all of your assets are not just in bitcoin and cash... discretionary and personal choices involved with those matters.
Thanks to this useful post, I now completely understand how to construct a bitcoin investing plan and also learnt some more things useful along the line although I will still need to revisit it in order to get some clarifications. We appreciate you sharing with us this information.
I frequently suggest that even if normies attempt to be somewhat aggressive and they invest 10% of their income into investments (in this case bitcoin), it is going to take 10 years just to get to 1 years worth of salary to be invested, and so sometimes there may be needs to be more aggressive than 10% in order to make faster progress, but then there is also the variable regarding how well your investment is performing in comparison to the cost of living increases, so if your investment is merely moving at parity, then you still are going to ONLY be at around 1 years income after 10 years, so any time that you are able to cut down some of those timelines without devolving into gambling (or overly risky strategies) then that would be a good thing, and so some of that will become more apparent as you go, too... Your investment, your own practices in regards to how interactive you are with it and how it is performing will surely help to inform you more about which of the charts are more relevant to you, and surely you will continue to run across variations of these kinds of ideas and maybe find some kinds of information to be more persuasive (or compatible with your personality) than others.
Any sane person reading this thread, better come quickly to these conclusions:
Since this is a self-moderated thread. Don't consider my willingness to entertain your mostly child-ish stupidity and purposeful shit-stirring exaggeration to be either an invitation for dumb and mostly non-substantive comments or a waiver of my unilateral right and ability to delete posts with or without reason. I am usually pretty tolerant in this regard, so I would rather see a pattern rather than just going based on one post.. even though you do already have a post history in the WO thread, but that thread has more tolerance for off-topicness and nuisances.
In other words you are pushing it, which you likely already realized that, and so surely a post like this would most likely not get deleted from the WO thread, so you are more than free to post things like this in that thread and press your luck that you won't even cross over the line in those there parts in terms of your unsubstantiated nonsense.
1) JjGLBtQ++ is a fagot AI, run mainly by his two daddies, with the sole purpose of controlling the Bitcoin narrative.
Makes no sense. I am talking about various ways to approach bitcoin investing.. but yeah, I have some decently strong ideas about bitcoin that mostly lean towards everyone should get off zero first by accumulating BTC, and also start out by investing 1% to 25% of his/her investment portfolio into bitcoin. .and sure I have other ideas too which are in my two investment ideas threads (including this one).
2) Selling - at the peak - 60%-90% of the Bitcoin accumulated in every four year cycle is a must.
If you consider bitcoin mostly as a investment then accumulation is best accomplished in the beginning by consistent forms of buying which would mostly be 1) DCA, 2) lump sum buying and 3) buying on dips. Surely selling could come into play both as a tactic of playing the price waves, but also a means of maintaining a portfolio, which may well presume a sort of over investment, but frequently we have to be careful with selling if we are in early accumulation phases because of difficulties to determining the top and also putting us in a bad mental framework if our goals are accumulating and we sell as a tactic to accumulate more.
Selling 60% to 90% at peak presumes knowing when the peak is going to be which overall is a specialty rather than a must and it may well not even be a good idea for more experienced and well to do traders. even surely sometimes some of them get lucky... but when it comes to investing it seems better to not be putting too much weight on luck and taking chances.. maybe until such time that you really might spend several years learning about bitcoin and trading and surely there could be some newbies to bitcoin who already have such skills, but not really generally applicable ideas rather than a niche group..and I am not really going to be as helpful to some of those folks who actually might fit in some of those niche groups..
Even though I have several charts with probabilities and projections, I don't claim to be very smart... especially when it comes to figuring out short term BTC price directions.. but even with that we can frequently assign probabilities to directions of some of the indicators in order to figure out personal strategies in order to attempt to help ourselves to be both directionally correct and attempting to prepare (financially and psychologically) for BTC price moves in either direction (even extreme moves).
3) Humans cannot actually rationalise with AI’s, it is not their “thing” - only much worse with JjGLBtQ++ Bitcoin focused AI.
I have a pretty long post history in this forum, and it likely can be verified that almost none of my posts have been deleted over the years, and very few of my posts are edited beyond the first hour or so.. I would speculate that probably less than 1.5% of my posts are edited more than an hour after they were posted.. that is if such there is any way to verify that kind of a thing. So anyhow, what I am suggesting is that my post history speaks for itself, including that I have likely developed in my substantive ways over the last nearly 10 years too (9 years and 9 months).
P.s. Another thing in regards to your off-topicness Antisthenes, to the extent that you are even trying to grapple with bitcoin -related matters rather than fantasy, you are potentially mentioning ways to sell on the way up and then either to get in cash and/or implicitly to possibly buy back at a lower price, and so even though the substance of this thread's topic does have selling within it, there is a presumption of already having had reached a target accumulation level, but at the same time there are allowances to sell greater amounts of the monthly sell budget - and even several months in advance (up to 60 months in advance) in accordance with this chart, so there could be some possibilities that the administrator of the budget may well decide to use some of those advance sales to buy back bitcoin, especially if the BTC price were to either get close to the 200-week moving average or to go below the 200-week moving average, so I suppose in those circumstances then those bought back bitcoin would just be folded back into overall account value and then to be able to increase future monthly allocation amounts based on the account increasing in value, and then just presumably with the passage of time, it seems quite likely that the 200-week moving average just continues to go up rather than ever going into the negative (even though it would not be impossible for the 200-WMA to go into the negative, it is just not part of the more likely future scenarios).
