Buy Buy Buy or Sell Sell Sell?

[Dailyscript]

DCA is going to be quite problematic for any coin or project that is generaly trending downard in its price... One thing about any asset with strong fundamentals would be that even if it is trending downward for very long periods of time, if the fundamentals are strong enough, then the downward trend should end up reversing, and sure it is not guaranteed to reverse, and sometimes we might not know that something is a shitcoin until it never ends up recovering.

Surely there are some shitcoins that end up having second lives, and so there could end up being some value in DCAing into them and then getting out during one of their recovery periods... but yeah, would we call that investing?  Probably we would call it trading and/or gambling... depending on how wild the coin is and if there might be some reasons that the coin/project actually has meaningful/substantial value beyond pumping and dumping.

DCA is a strategy that can be used in several investment not just Bitcoin alone.

I want to get something clear here, is it better to DCA in an asset when it is experiencing a high upward trend or DCA when its experiencing a serious downward movement? Because when its going so high, through DCA we are buying at a very high price and we keep buying so high as the price increases, what if it never stops? While when the price is dipping so badly we DCA continuously. Which is more beneficial to an investor with time?

[Franctoshi]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

From my experience having been in this space for some time and from the traders perspective, this sanario happens when you're entering the market when you bought a coin and it's set for a move, whereas the one you bought a coin and the price begins drops happens when the market has not gotten to its destination point or maybe the market is still taking orders.

[Dump3er]

-

DCA is going to be quite problematic for any coin or project that is generaly trending downard in its price... One thing about any asset with strong fundamentals would be that even if it is trending downward for very long periods of time, if the fundamentals are strong enough, then the downward trend should end up reversing, and sure it is not guaranteed to reverse, and sometimes we might not know that something is a shitcoin until it never ends up recovering.

Surely there are some shitcoins that end up having second lives, and so there could end up being some value in DCAing into them and then getting out during one of their recovery periods... but yeah, would we call that investing?  Probably we would call it trading and/or gambling... depending on how wild the coin is and if there might be some reasons that the coin/project actually has meaningful/substantial value beyond pumping and dumping.

Which in all honesty is probably more gambling than trading. I mean it is probably not that simple as there could be an extended debate about what is trading or gambling, but when it comes to catching these shitcoins with "second" lives, I think that's more gambling. There are coins though where someone might consciously not trade the fundamentles because they are trash, but herd behavior and market psychology. If I am quite certain that something will go up in price despite knowing that it is a shitcoin, then you could probably call it gambling and trading. I trade the sentiment instead of any fundamentals. But given how often these shitcoins have failed (or rather how many of them), catching these second live things has become very rare. I can tell that the last time I bought something other than bitcoin is a very long time ago. Except for coins I used for quick transfers, like USDT on the Tron Blockchain or TRX, but I don't really own it as an investment. Sometimes I have some because I pay for my VPN or something and bitcoin is definitely not always the best option for that kind of payments.

But JJG the difference is that we do some analysis here and know that sometimes you trade fundamentals or you can trade the sentiment or information you have. Too many people are still stuck with terms like market capitalization or coin price. They have no idea, don't read basic material about bitcoin, fall for the most fancy techn language and check coinmarketcap for low market cap coins in hopes to see those rice to bitcoin levels. That is where it becomes stupid. You know these sentences "but bitcoin very expensive, trashcoin only $0.05, much potential". Some don't even understand the concept as mentioned above. When there is a coin that costs 1/1000th of bitcoin, but there are 1000x the number of bitcoins, they still think that it takes less money to push the price of that trashcoin that to push bitcoin upwards.

Lots of people lack the most rudimentary fundamentals and then I would certainly call it gambling when they buy something other than bitcoin. If someone really puts effort into following a certain portfolio of coins and identifies some pattern, then I would more lean towards calling it trading.

Whenever someone asks me to do what to do to get involved first, it is bitcoin and then go from there, see how the market works, what kind of news might have an impact, take time to get into the little details, and if somebody then decides to give some other coin a shot because the person now is able to contextualize any coin within the bitcoin ecosystem, then feel free to do so. But people wasting their money on some coin from page 288 from coinmarketcap because they hope there will be some dead cat bounce or so, please no...

[BABY SHOES]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

From my experience having been in this space for some time and from the traders perspective, this sanario happens when you're entering the market when you bought a coin and it's set for a move, whereas the one you bought a coin and the price begins drops happens when the market has not gotten to its destination point or maybe the market is still taking orders.

Have experienced where buying coins after that the price drops then becomes panic and ends up selling rather than losing more, because of that there is no patience usually this person is like a beginner.

You actually don't need to worry if it's a long-term investment, say bitcoin, you buy now and then the price drops then don't panic, usually the market always has ups and downs, make sure you survive or better accumulate when BTC drops, surely one day the price will rise again.

[FinePoine0]

DCA is going to be quite problematic for any coin or project that is generaly trending downard in its price... One thing about any asset with strong fundamentals would be that even if it is trending downward for very long periods of time, if the fundamentals are strong enough, then the downward trend should end up reversing, and sure it is not guaranteed to reverse, and sometimes we might not know that something is a shitcoin until it never ends up recovering.

Surely there are some shitcoins that end up having second lives, and so there could end up being some value in DCAing into them and then getting out during one of their recovery periods... but yeah, would we call that investing?  Probably we would call it trading and/or gambling... depending on how wild the coin is and if there might be some reasons that the coin/project actually has meaningful/substantial value beyond pumping and dumping.

DCA is a strategy that can be used in several investment not just Bitcoin alone.

I want to get something clear here, is it better to DCA in an asset when it is experiencing a high upward trend or DCA when its experiencing a serious downward movement? Because when its going so high, through DCA we are buying at a very high price and we keep buying so high as the price increases, what if it never stops? While when the price is dipping so badly we DCA continuously. Which is more beneficial to an investor with time?

DCA method is the best method It is applicable to all investors, and everyone will be able to get maximum benefit using DCA method. Because it is holding periodically so if you buy in the beginning you should definitely buy after watching the market movement. So you can buy bitcoins in the current market, because buying with DC method controls the average price, selling also allows you to sell in stages. So that's why DCA approach is the best, which has got a huge response among all the investors.

[JayJuanGee]

DCA is going to be quite problematic for any coin or project that is generaly trending downard in its price... One thing about any asset with strong fundamentals would be that even if it is trending downward for very long periods of time, if the fundamentals are strong enough, then the downward trend should end up reversing, and sure it is not guaranteed to reverse, and sometimes we might not know that something is a shitcoin until it never ends up recovering.

Surely there are some shitcoins that end up having second lives, and so there could end up being some value in DCAing into them and then getting out during one of their recovery periods... but yeah, would we call that investing?  Probably we would call it trading and/or gambling... depending on how wild the coin is and if there might be some reasons that the coin/project actually has meaningful/substantial value beyond pumping and dumping.

DCA is a strategy that can be used in several investment not just Bitcoin alone.

I want to get something clear here, is it better to DCA in an asset when it is experiencing a high upward trend or DCA when its experiencing a serious downward movement?

Of course, if you think that you know that the BTC price is going up, then it is better to lump sum and/or front-load your investment into BTC rather than DCA buy, yet part of the problem is that normies (regular people) neither know for sure about BTC's price direction and they might ONLY be able to front-load or to lump sum buy so much into bitcoin based on their own amount of money that they have available to them at any given time.  Sure there are some folks who might have other investments, yet think about it, there might not be a lot of circumstances in which they are going to have enough confidence that it would be worth it to transfer their value from one investment to another (and yeah if they have various kinds of reserves, they still might not have enough in order to invest into something like bitcoin, since it may well be o.k. to take from reserves and cash floats, but it may not be a good idea to take from what they consider to be their emergency funds in order to invest in bitcoin - it would be bad to do that).

So some of the advantages of continuing to invest into bitcoin using DCA, whether you perceive the price to be going up or down (and not really knowing) is that you are figuring out how much money to invest into bitcoin every week or every month as your money is coming in.. and you are building up an amount that you end up having invested and/or saved into something that you might NOT have had otherwise done through other methods because it can become quite difficult to just set money aside and to wait for some kind of an opportunity to invest into something, whether bitcoin or something else.  

Another issue of the BTC price going up is that if it keeps going up, then you still are better off for your having had bought BTC along the way rather than waiting and/or spending a bunch of time and energies trying to figure out some strategic time to buy, yet the theory is that if the BTC price continues to go up a lot and even in a way that seems unsustainably high, then you may well reasonably conclude that good chances are developing that there is going to be some kind of a correction lower than the current price, so that you can buy cheaper, which may or may not be a good prediction... but it does become more and more reasonable of a prediction the higher the BTC price goes and the faster it goes to those higher prices.

In regards to buy BTC when the BTC price is going down, of course, it would be better to wait and to buy when the BTC price is at or near its bottom, yet again, how are you going to know when the BTC price has stopped going down or that the BTC price is getting somewhere near its price bottom?  You could end up spending a lot of time trying to figure out if BTC price is going lower and then you end up being wrong, or you end up being overly whimpy because you are continuing to hold back in terms of the timing of your investing into bitcoin.  Sure after the BTC price already goes down, it seems so apparent that BTC prices had to go down, but rarely is there any kind of an ability to figure out those kinds of price dip matters in terms of either how long it is going to stay down or how low it is going to get.

In DCA, you keep buying without really knowing which way the BTC price is going to go, and you set your budget according to your discretionary income, and maybe you choose to be aggressive or maybe you choose to be more whimpy in the amounts that you choose to invest weekly, but you still are somewhat in control of determining the amounts that you are going to put in and contemplating about whether it might be better to hold some of the value back for buying on dips or just to invest all of your authorized amounts on a weekly basis (or whatever happens to be your investment period of time).

You may end up incorrect if you try to guess too much about BTC's price direction and then end up regretting that you were holding back too much value, so each of us needs to make those kinds of choices in regards to if we believe that we have enough BTC, or we believe that we are sufficiently (financially and psychologically) prepared for UP, or if we think that waiting might be better than just continuously and persistently buying BTC in some kind of a DCAing manner....  

Another thing about DCAing is that you can adjust it so that you are not necessarily engaging in all or nothing kinds of investing, and so maybe instead of buying $100 per week, you decide that you are going to buy $50 per week or some other amount that you believe to be reasonable for your circumstances, yet if you end up being wrong and/or overly whimpy in your BTC buying then you have no one to blame but yourself for those kinds of choices.  You could also become overly aggressive, yet surely in various other threads we have already discussed how having and emergency fund, reserves and float can help to protect you if you had become overly aggressive in your BTC buys, yet at the same time, you might not really realize or know that you had been overly aggressive until some kind of an emergency comes and you do not have enough money to deal with it, and so part of the sign that you fucked up is your own getting somewhat reckt.. or maybe having to dip into too much of your BTC at a time that was not completely at your own choosing.. and surely some folks may well realize that they fucked up, even before getting to a point of having to sell any of their BTC, and when they are starting to dip into their emergency funds and getting to a point of realizing that they don't have much of a cash cushion, then they are realizing that they had already fucked up by some of their earlier spending decisions and/or actions.

In the end, there likely is no real wrong choice except for if you might not be tailoring appropriately what you do and/or how you balance your BTC investment amounts to your own financial and psychological circumstances.

Because when its going so high, through DCA we are buying at a very high price and we keep buying so high as the price increases, what if it never stops? While when the price is dipping so badly we DCA continuously. Which is more beneficial to an investor with time?

Yes it is better to buy BTC for lower prices when you are able to do so and/or if you have some kind of inkling that BTC prices might get lower, but how are you going to know that they are actually going to go lower beyond some kind of sense of momentum/sentiment.. and at the same time, momentum (or sentiment) can frequently change, so you cannot really rely upon those kinds of assessments, and it would not be a good outcome if the BTC price ends up going way up, and you were too busy preparing for down rather than up, and then you regret because you had not bought more BTC while the prices were lower because you were too busy preparing for down rather than sufficiently/adequately preparing for up.

[edited out

Which in all honesty is probably more gambling than trading. I mean it is probably not that simple as there could be an extended debate about what is trading or gambling, but when it comes to catching these shitcoins with "second" lives, I think that's more gambling. There are coins though where someone might consciously not trade the fundamentles because they are trash, but herd behavior and market psychology. If I am quite certain that something will go up in price despite knowing that it is a shitcoin, then you could probably call it gambling and trading. I trade the sentiment instead of any fundamentals. But given how often these shitcoins have failed (or rather how many of them), catching these second live things has become very rare. I can tell that the last time I bought something other than bitcoin is a very long time ago. Except for coins I used for quick transfers, like USDT on the Tron Blockchain or TRX, but I don't really own it as an investment. Sometimes I have some because I pay for my VPN or something and bitcoin is definitely not always the best option for that kind of payments.

But JJG the difference is that we do some analysis here and know that sometimes you trade fundamentals or you can trade the sentiment or information you have. Too many people are still stuck with terms like market capitalization or coin price. They have no idea, don't read basic material about bitcoin, fall for the most fancy techn language and check coinmarketcap for low market cap coins in hopes to see those rice to bitcoin levels. That is where it becomes stupid. You know these sentences "but bitcoin very expensive, trashcoin only $0.05, much potential". Some don't even understand the concept as mentioned above. When there is a coin that costs 1/1000th of bitcoin, but there are 1000x the number of bitcoins, they still think that it takes less money to push the price of that trashcoin that to push bitcoin upwards.

Lots of people lack the most rudimentary fundamentals and then I would certainly call it gambling when they buy something other than bitcoin. If someone really puts effort into following a certain portfolio of coins and identifies some pattern, then I would more lean towards calling it trading.

Whenever someone asks me to do what to do to get involved first, it is bitcoin and then go from there, see how the market works, what kind of news might have an impact, take time to get into the little details, and if somebody then decides to give some other coin a shot because the person now is able to contextualize any coin within the bitcoin ecosystem, then feel free to do so. But people wasting their money on some coin from page 288 from coinmarketcap because they hope there will be some dead cat bounce or so, please no...

I surely am not encouraging the trading of shitcoins, but I did want to suggest that there can be some follks who still use some variation of DCA in terms of establishing their shitcoin position(s), and DCA can work with anyone in terms of managing their budget to take money from their discretionary  income and to invest into something whether they are investing into something good or investing into a shitcoin, and some folks actually get lured into thinking that they should be investing into shitcoins for some kind of a long period of time.. so they get in early and then establish a decently sized position and then maybe continue to buy through DCA hoping that the shitcoin goes up rather than down.

Regarding trading based on sentiment.  I am not much of a fan of trading, including the idea of trying to figure out what to do based on sentiment, though I am sure that is how a lot of shitcoins are pumped and dumped in terms of changes in sentiment and trying to predict changes in sentiment so that you can get into your shitcoin earlier than others and get out prior to the sentiment of the shitcoin turning negative.

As far as bitcoin, if you are investing in the long term, then maybe you are accumulating by either DCA'ing, buying the dip and/or lump sum investing.. So surely you could be accumulating and establishing your bitcoin position for many years 5-10 years or more, and even after 10 years, you might still be working on building up your bitcoin position.  so then questions of bitcoin portfolio management might start to come up much later.. when you are either trying to temper your BTC position or maybe you are considering selling on the way up or maybe even time based selling, but either of those selling techniques would fall into ideas of having reached some level of overaccumulation rather than having any kind of design to try to buy back lower than the price that you sell, yet surely anyone who sells prior to the price falling may well want to use the proceeds of his sales to buy more bitcoin than  he previously had with the money that he got from the proceeds of his earlier BTC sales.

Ultimately guys will think about these matters differently, and surely if you think in terms of investing, you may mostly be thinking about building your BTC stash rather than trading and/or gambling with it, but surely the more stash that a guy builds, the more his maintenance strategy might start to be formed by other than mere BTC accumulation, and I surely am not much of a fan for anyone who believes that selling BTC (with hopes to buy back cheaper) is going to serve as a reasonable accumulation strategy... and I am also not much of a fan of strategies to buy and sell shitcoins in order to be able to buy bitcoin with the proceeds of such shitcoin trading - even though surely there are a decent number of folks who believe that is a good use of their time, energies and their money.. even when sometimes their goals might still be to accumulate more bitcoin - and yeah accumulating bitcoin through selling bitcoin or selling shitcoins takes additional skills over a pure investing strategy, and even sometimes guys who have very good trading skills may well have very difficult times to outperform a guy who is merely DCAing into BTC - especially the longer the comparison time period... and when we get into the 4-10 year or longer periods, the person who accumulates BTC by DCAing likely is going to outperform the trader and/or the shitcoiner.

[Rabata]

That would be really dumb to DCA in crypto.

DCA in bitcoin works well, but not in crypto.. that is absolutely retarded to try to suggest it to be a good idea to DCA into any shitcoins, unless you happen to know quite a bit about such shitcoin, and even if you do, I doubt that there is actually any shitcoin that DCA would apply since with any shitcoin you need to be considering when to get in and when to get out.  If your investment is long term, such as bitcoin, there is no need to get into specifics of your planning about when to get out, and you can consider various withdrawal strategies at a later date.. since the presumption that any of us should be able to figure out with bitcoin is that bitcoin has decently good chances of ongoingly going up in price (and value) and so that by the time we get to our period of considering any kind of a withdrawal plan (such as 4-10 years or more down the road), then there should be pretty decent chances that BTC prices/value is up in both nominal and real terms.

DCA on shitcoins is like building on quicksand. I don't even know why someone will give that a thought. Well, I will blame ignorance or greed for it. Some people are ignorant that is why they think that there will be another bitcoin which will start from a few cents and grow into thousands of dollars. This is the primary motivation for some to invest in shitcoin, not minding the risk they carry. From the information provided by coingecko the list of dead coins is heartbreaking. Some of them were coins that promised heaven earth to investors only to die within few months or years of being listed in the market. I think of the level of pain for someone who spend months and maybe years building a portfolio of shitcoins hoping to make good returns only to realise that the investment has become exercise in futility. This is something I don't want to imagine.

Shitcoin or altcoin are pour gambling at least that is how I see them,  because the only time their are successful is when their are at their sell stage when they want to get potential investors who will invest into their imaginary projects coins,  the major channel that their get through to their potential victims is through social media and other channels that most in informed users visits in search of. Knowledge pf cryptocurrencie,  and instead investing in Bitcoin most time they get received and diverted into investing in those coins that end up scamming them.

And one of the things that those shitcoin influencers uses to deceives the victim is the slogan that Bitcoin is already too expensive and won't give them quick gains,  so they buy and gamble with those shitcoin thinking it does make them rich quickly which will end in regret for them,  I don't know if this happens to them because of the greed or another thing, but then it should be Bitcoin always instead to gamble with your resources.

It's true that those influencers divert others to different shitcoins and pool that money to invest back into Bitcoin. By investing in Shitcoins, an investor loses value on the investment and in the long run Existential crisis.

Investors must not be greedy and invest in Bitcoin to get returns on their wealth without investing in wrong places. A long term investor in Bitcoin investment will never return empty rather the demand for Bitcoin is increasing day by day. There is definitely no alternative to investing in Bitcoin if you don't want to risk the investment. Who has invested long term in Bitcoin they don't failed. Whether an investor wants to risk his assets or multiply his assets in the long term is entirely up to him.

[Franctoshi]

DCA is going to be quite problematic for any coin or project that is generaly trending downard in its price... One thing about any asset with strong fundamentals would be that even if it is trending downward for very long periods of time, if the fundamentals are strong enough, then the downward trend should end up reversing, and sure it is not guaranteed to reverse, and sometimes we might not know that something is a shitcoin until it never ends up recovering.

Surely there are some shitcoins that end up having second lives, and so there could end up being some value in DCAing into them and then getting out during one of their recovery periods... but yeah, would we call that investing?  Probably we would call it trading and/or gambling... depending on how wild the coin is and if there might be some reasons that the coin/project actually has meaningful/substantial value beyond pumping and dumping.

But JJG the difference is that we do some analysis here and know that sometimes you trade fundamentals or you can trade the sentiment or information you have. Too many people are still stuck with terms like market capitalization or coin price. They have no idea, don't read basic material about bitcoin, fall for the most fancy techn language and check coinmarketcap for low market cap coins in hopes to see those rice to bitcoin levels. That is where it becomes stupid. You know these sentences "but bitcoin very expensive, trashcoin only $0.05, much potential". Some don't even understand the concept as mentioned above. When there is a coin that costs 1/1000th of bitcoin, but there are 1000x the number of bitcoins, they still think that it takes less money to push the price of that trashcoin that to push bitcoin upwards.

And one thing that I experienced when I tried holding one trash coin which I tried to catch up some of its gains months back was that I wasn't having this peace of mind, Because right inside me, I know there's no guaranteed future, even though that the coin looked promising and later performed well but I wasn't still having that peace of mind I have holding my portfolios in Bitcoin, and obviously I can tell from this experience that holding those trash (shitcoins) is just like gambling your funds.

[EarnOnVictor]

DCA is going to be quite problematic for any coin or project that is generaly trending downard in its price... One thing about any asset with strong fundamentals would be that even if it is trending downward for very long periods of time, if the fundamentals are strong enough, then the downward trend should end up reversing, and sure it is not guaranteed to reverse, and sometimes we might not know that something is a shitcoin until it never ends up recovering.

Surely there are some shitcoins that end up having second lives, and so there could end up being some value in DCAing into them and then getting out during one of their recovery periods... but yeah, would we call that investing?  Probably we would call it trading and/or gambling... depending on how wild the coin is and if there might be some reasons that the coin/project actually has meaningful/substantial value beyond pumping and dumping.

But JJG the difference is that we do some analysis here and know that sometimes you trade fundamentals or you can trade the sentiment or information you have. Too many people are still stuck with terms like market capitalization or coin price. They have no idea, don't read basic material about bitcoin, fall for the most fancy techn language and check coinmarketcap for low market cap coins in hopes to see those rice to bitcoin levels. That is where it becomes stupid. You know these sentences "but bitcoin very expensive, trashcoin only $0.05, much potential". Some don't even understand the concept as mentioned above. When there is a coin that costs 1/1000th of bitcoin, but there are 1000x the number of bitcoins, they still think that it takes less money to push the price of that trashcoin that to push bitcoin upwards.

And one thing that I experienced when I tried holding one trash coin that I tried to catch up some its gains months back was that I wasn't having this peace of mind, Because right inside me, I know there's no guaranteed future, even though that the coin looked promising and later performed well but I wasn't still having that peace of mind I have holding my portfolios in Bitcoin, and obviously I can tell from this experience that holding those trash (shitcoins) is just gambling your funds.

This is your choice, my friend, if Bitcoin is the only one that gives you peace of mind and you fully know within yourself that a coin is truly a "Shit"coin, why then still invest your money in it if you are sincere with yourself? Like me, I make sure that I go for the best choice that will give me the rest of my mind, so I will never term them shitcoins because I have never regretted investing in them, they are just altcoins which is best described by the alternative to Bitcoin, so they are not automatically worthless like many would want people to believe in favour of Bitcoin. But when it is becoming a shitcoin, I wonder why on earth anyone would want to invest their money in such a coin that will "shit" them indeed...lol Or perhaps you are trying to make it look like that, and if you do not mind, I like to know this coin you called a shitcoin.

However, if it is not worth it really, why not just avoid it next time and go for only coins that will give you the rest of mind and add positively to your crypto portfolio? I diversify my portfolio just for you to know that I am not investing in Bitcoin alone, and especially at the high price of Bitcoin, it is a disadvantage for me no matter what anybody says to me. As an investor of over a decade before Bitcoin, I will not be sentimental as though it is the only one that will give me the rest of mind in the crypto industry, no, I can only say that it is the most reliable in the industry. It is worth knowing that I have my sizeable amount of Bitcoin as well and I will continue to play smart between Bitcoin and altcoins depending on my feelings and speculations, and not what the internet or anyone wants me to believe.

[laijsica]

That would be really dumb to DCA in crypto.

DCA in bitcoin works well, but not in crypto.. that is absolutely retarded to try to suggest it to be a good idea to DCA into any shitcoins, unless you happen to know quite a bit about such shitcoin, and even if you do, I doubt that there is actually any shitcoin that DCA would apply since with any shitcoin you need to be considering when to get in and when to get out.  If your investment is long term, such as bitcoin, there is no need to get into specifics of your planning about when to get out, and you can consider various withdrawal strategies at a later date.. since the presumption that any of us should be able to figure out with bitcoin is that bitcoin has decently good chances of ongoingly going up in price (and value) and so that by the time we get to our period of considering any kind of a withdrawal plan (such as 4-10 years or more down the road), then there should be pretty decent chances that BTC prices/value is up in both nominal and real terms.

DCA on shitcoins is like building on quicksand. I don't even know why someone will give that a thought. Well, I will blame ignorance or greed for it. Some people are ignorant that is why they think that there will be another bitcoin which will start from a few cents and grow into thousands of dollars. This is the primary motivation for some to invest in shitcoin, not minding the risk they carry. From the information provided by coingecko the list of dead coins is heartbreaking. Some of them were coins that promised heaven earth to investors only to die within few months or years of being listed in the market. I think of the level of pain for someone who spend months and maybe years building a portfolio of shitcoins hoping to make good returns only to realise that the investment has become exercise in futility. This is something I don't want to imagine.

Shitcoin or altcoin are pour gambling at least that is how I see them,  because the only time their are successful is when their are at their sell stage when they want to get potential investors who will invest into their imaginary projects coins,  the major channel that their get through to their potential victims is through social media and other channels that most in informed users visits in search of. Knowledge pf cryptocurrencie,  and instead investing in Bitcoin most time they get received and diverted into investing in those coins that end up scamming them.

And one of the things that those shitcoin influencers uses to deceives the victim is the slogan that Bitcoin is already too expensive and won't give them quick gains,  so they buy and gamble with those shitcoin thinking it does make them rich quickly which will end in regret for them,  I don't know if this happens to them because of the greed or another thing, but then it should be Bitcoin always instead to gamble with your resources.

It's true that those influencers divert others to different shitcoins and pool that money to invest back into Bitcoin. By investing in Shitcoins, an investor loses value on the investment and in the long run Existential crisis.

Investors must not be greedy and invest in Bitcoin to get returns on their wealth without investing in wrong places. A long term investor in Bitcoin investment will never return empty rather the demand for Bitcoin is increasing day by day. There is definitely no alternative to investing in Bitcoin if you don't want to risk the investment. Who has invested long term in Bitcoin they don't failed. Whether an investor wants to risk his assets or multiply his assets in the long term is entirely up to him.

Yes you are right. Many investors want to spread their investment trend in shitcoins sporadically and consider their capital as a gambling board which is going to be a cycle of capital loss for him and the future. But he should have chosen a decent portfolio by investing in Bitcoin with long term investment or accumulation.
The most risky aspect for investors in Bitcoin is its greed when it crosses bullish periods when some investors may make a negative decision to withdraw. But you should consider the long term regardless of the value of Bitcoin accumulation which is 5-10 years period to get you more holdings and a decent portfolio over time.

[Barikui1]

That would be really dumb to DCA in crypto.

DCA in bitcoin works well, but not in crypto.. that is absolutely retarded to try to suggest it to be a good idea to DCA into any shitcoins, unless you happen to know quite a bit about such shitcoin, and even if you do, I doubt that there is actually any shitcoin that DCA would apply since with any shitcoin you need to be considering when to get in and when to get out.  If your investment is long term, such as bitcoin, there is no need to get into specifics of your planning about when to get out, and you can consider various withdrawal strategies at a later date.. since the presumption that any of us should be able to figure out with bitcoin is that bitcoin has decently good chances of ongoingly going up in price (and value) and so that by the time we get to our period of considering any kind of a withdrawal plan (such as 4-10 years or more down the road), then there should be pretty decent chances that BTC prices/value is up in both nominal and real terms.

DCA on shitcoins is like building on quicksand. I don't even know why someone will give that a thought. Well, I will blame ignorance or greed for it. Some people are ignorant that is why they think that there will be another bitcoin which will start from a few cents and grow into thousands of dollars. This is the primary motivation for some to invest in shitcoin, not minding the risk they carry. From the information provided by coingecko the list of dead coins is heartbreaking. Some of them were coins that promised heaven earth to investors only to die within few months or years of being listed in the market. I think of the level of pain for someone who spend months and maybe years building a portfolio of shitcoins hoping to make good returns only to realise that the investment has become exercise in futility. This is something I don't want to imagine.

Shitcoin or altcoin are pour gambling at least that is how I see them,  because the only time their are successful is when their are at their sell stage when they want to get potential investors who will invest into their imaginary projects coins,  the major channel that their get through to their potential victims is through social media and other channels that most in informed users visits in search of. Knowledge pf cryptocurrencie,  and instead investing in Bitcoin most time they get received and diverted into investing in those coins that end up scamming them.

And one of the things that those shitcoin influencers uses to deceives the victim is the slogan that Bitcoin is already too expensive and won't give them quick gains,  so they buy and gamble with those shitcoin thinking it does make them rich quickly which will end in regret for them,  I don't know if this happens to them because of the greed or another thing, but then it should be Bitcoin always instead to gamble with your resources.

It's true that those influencers divert others to different shitcoins and pool that money to invest back into Bitcoin. By investing in Shitcoins, an investor loses value on the investment and in the long run Existential crisis.

Investors must not be greedy and invest in Bitcoin to get returns on their wealth without investing in wrong places. A long term investor in Bitcoin investment will never return empty rather the demand for Bitcoin is increasing day by day. There is definitely no alternative to investing in Bitcoin if you don't want to risk the investment. Who has invested long term in Bitcoin they don't failed. Whether an investor wants to risk his assets or multiply his assets in the long term is entirely up to him.

Yes you are right. Many investors want to spread their investment trend in shitcoins sporadically and consider their capital as a gambling board which is going to be a cycle of capital loss for him and the future. But he should have chosen a decent portfolio by investing in Bitcoin with long term investment or accumulation.
The most risky aspect for investors in Bitcoin is its greed when it crosses bullish periods when some investors may make a negative decision to withdraw. But you should consider the long term regardless of the value of Bitcoin accumulation which is 5-10 years period to get you more holdings and a decent portfolio over time.

That just it, as long as digital currency is concerned, their is no substitute to Bitcoin, because Bitcoin is king, all other coins to me are just measures put in place by most developer to milk investors of their hard earned money, so I would advice anyone that wanted to invest, should focus only on Bitcoin, because it has proven itself over and over again that it can always rally back and recover when their is a massive decline in price.

Secondly, to me it's a very wrong idea of thinking to sell if their is a sharp increase in price, because by doing so, you wouldn't have a very good stash of Bitcoin in your possession, and at some point in the future when Bitcoin has rise to a very significant value, you will start feeling regret for selling too early.

Lastly, as a Bitcoin investor that we are, still we learn how to hold without reacting to the price, that's when we are halve way to being successful.

[siniminomorocomunisakito]

The most risky aspect for investors in Bitcoin is its greed when it crosses bullish periods when some investors may make a negative decision to withdraw. But you should consider the long term regardless of the value of Bitcoin accumulation which is 5-10 years period to get you more holdings and a decent portfolio over time.

Regarding the above, I think they see this as a way to increase the value of their investment at the beginning and maybe along the way they will find differences, this is where they will realize that this is just a game for whales, which is when they can raise and lower it.

Yes. If we are able to get through this phase, we will naturally be educated to do better in the future and the focus of our attention will be how to continue trying to accumulate our possessions.

[Franctoshi]

And one thing that I experienced when I tried holding one trash coin that I tried to catch up some its gains months back was that I wasn't having this peace of mind, Because right inside me, I know there's no guaranteed future, even though that the coin looked promising and later performed well but I wasn't still having that peace of mind I have holding my portfolios in Bitcoin, and obviously I can tell from this experience that holding those trash (shitcoins) is just gambling your funds.

This is your choice, my friend, if Bitcoin is the only one that gives you peace of mind and you fully know within yourself that a coin is truly a "Shit"coin, why then still invest your money in it if you are sincere with yourself? Like me, I make sure that I go for the best choice that will give me the rest of my mind, so I will never term them shitcoins because I have never regretted investing in them, they are just altcoins which is best described by the alternative to Bitcoin, so they are not automatically worthless like many would want people to believe in favour of Bitcoin. But when it is becoming a shitcoin, I wonder why on earth anyone would want to invest their money in such a coin that will "shit" them indeed...lol Or perhaps you are trying to make it look like that, and if you do not mind, I like to know this coin you called a shitcoin.

However, if it is not worth it really, why not just avoid it next time and go for only coins that will give you the rest of mind and add positively to your crypto portfolio? I diversify my portfolio just for you to know that I am not investing in Bitcoin alone, and especially at the high price of Bitcoin, it is a disadvantage for me no matter what anybody says to me. As an investor of over a decade before Bitcoin, I will not be sentimental as though it is the only one that will give me the rest of mind in the crypto industry, no, I can only say that it is the most reliable in the industry. It is worth knowing that I have my sizeable amount of Bitcoin as well and I will continue to play smart between Bitcoin and altcoins depending on my feelings and speculations, and not what the internet or anyone wants me to believe.

Whether you diversified your portfolio or not, it doesn't change the fact that there are shitcoins out there and you never can tell which one can disappoint. However, don't know what you understand by shitcoins, but when I said shitcoins, I meant those coins which have no value attached to it or have a utility case but due to the hypes around those coins and the community they've gathered they were able to gain attention, take you for instance, there's a particular meme coin right now called Notcoin which has gained popularity recently in the crypto space.

It doesn't mean if I hold Bitcoin I don't try something else, but rather expressing my experience the times when I held some of those shitcoin which I don't have holding my Bitcoin,  because for BTC  even though that the price drops, historically there is a hope that one day it will come back to you unlike when you hold any of the meme coins, and it dumps on you.

[Bravut]

DCA is going to be quite problematic for any coin or project that is generaly trending downard in its price... One thing about any asset with strong fundamentals would be that even if it is trending downward for very long periods of time, if the fundamentals are strong enough, then the downward trend should end up reversing, and sure it is not guaranteed to reverse, and sometimes we might not know that something is a shitcoin until it never ends up recovering.

Surely there are some shitcoins that end up having second lives, and so there could end up being some value in DCAing into them and then getting out during one of their recovery periods... but yeah, would we call that investing?  Probably we would call it trading and/or gambling... depending on how wild the coin is and if there might be some reasons that the coin/project actually has meaningful/substantial value beyond pumping and dumping.

But JJG the difference is that we do some analysis here and know that sometimes you trade fundamentals or you can trade the sentiment or information you have. Too many people are still stuck with terms like market capitalization or coin price. They have no idea, don't read basic material about bitcoin, fall for the most fancy techn language and check coinmarketcap for low market cap coins in hopes to see those rice to bitcoin levels. That is where it becomes stupid. You know these sentences "but bitcoin very expensive, trashcoin only $0.05, much potential". Some don't even understand the concept as mentioned above. When there is a coin that costs 1/1000th of bitcoin, but there are 1000x the number of bitcoins, they still think that it takes less money to push the price of that trashcoin that to push bitcoin upwards.

And one thing that I experienced when I tried holding one trash coin which I tried to catch up some of its gains months back was that I wasn't having this peace of mind, Because right inside me, I know there's no guaranteed future, even though that the coin looked promising and later performed well but I wasn't still having that peace of mind I have holding my portfolios in Bitcoin, and obviously I can tell from this experience that holding those trash (shitcoins) is just like gambling your funds.

One thing that is undisputable and remains fact and truth is; BITCOIN IS KING.
There is no potential in shitcoins, all those coins are profit oriented by the programmers or developers, of which an investor should not risk his money into, it gambling and such investor is liable to regret and tears in the future. Instead use the money to accumulate more Bitcoin and build a bigger portfolio, which will yield greatly overtime.

Many are still swimming with the mindset of quick money, expecting great pumps while at the end they see a mighty dump and scam them off there hard-earned money.

[EarnOnVictor]

And one thing that I experienced when I tried holding one trash coin that I tried to catch up some its gains months back was that I wasn't having this peace of mind, Because right inside me, I know there's no guaranteed future, even though that the coin looked promising and later performed well but I wasn't still having that peace of mind I have holding my portfolios in Bitcoin, and obviously I can tell from this experience that holding those trash (shitcoins) is just gambling your funds.

This is your choice, my friend, if Bitcoin is the only one that gives you peace of mind and you fully know within yourself that a coin is truly a "Shit"coin, why then still invest your money in it if you are sincere with yourself? Like me, I make sure that I go for the best choice that will give me the rest of my mind, so I will never term them shitcoins because I have never regretted investing in them, they are just altcoins which is best described by the alternative to Bitcoin, so they are not automatically worthless like many would want people to believe in favour of Bitcoin. But when it is becoming a shitcoin, I wonder why on earth anyone would want to invest their money in such a coin that will "shit" them indeed...lol Or perhaps you are trying to make it look like that, and if you do not mind, I like to know this coin you called a shitcoin.

However, if it is not worth it really, why not just avoid it next time and go for only coins that will give you the rest of mind and add positively to your crypto portfolio? I diversify my portfolio just for you to know that I am not investing in Bitcoin alone, and especially at the high price of Bitcoin, it is a disadvantage for me no matter what anybody says to me. As an investor of over a decade before Bitcoin, I will not be sentimental as though it is the only one that will give me the rest of mind in the crypto industry, no, I can only say that it is the most reliable in the industry. It is worth knowing that I have my sizeable amount of Bitcoin as well and I will continue to play smart between Bitcoin and altcoins depending on my feelings and speculations, and not what the internet or anyone wants me to believe.

Whether you diversified your portfolio or not, it doesn't change the fact that there are shitcoins out there and you never can tell which one can disappoint. However, don't know what you understand by shitcoins, but when I said shitcoins, I meant those coins which have no value attached to it or have a utility case but due to the hypes around those coins and the community they've gathered they were able to gain attention, take you for instance, there's a particular meme coin right now called Notcoin which has gained popularity recently in the crypto space.

It doesn't mean if I hold Bitcoin I don't try something else, but rather expressing my experience the times when I held some of those shitcoin which I don't have holding my Bitcoin,  because for BTC  even though that the price drops, historically there is a hope that one day it will come back to you unlike when you hold any of the meme coins, and it dumps on you.

I understand you very well and I under the meaning of shitcoins even more, but the reason why you know that a coin is a shitcoin, and judging by your damning definition about it, you still went ahead to invest in it and continues to label it a shitcoin, that's what baffled me to say the truth. Frankly, your condemnation of shitcoin here is enough for me to believe that you will never go near it and if at all you would want to invest in anything apart from Bitcoin, you could have resorted to other altcoins with good projects, prospects and value instead of tshitcoin. I hope you get the gist now and it's not a big deal at all.

Besides, I can see your high confidence in Bitcoin, I wish I have the same confidence as many in this forumm but my vast experience in the financial markets will not let me. All I can say is that you should be very careful and not be too trusting, and don't ever be a blind follower of any asset or what anyone preaches to you. I have high hopes for Bitcoin too but it has limits, and above all, I will let the prevailing reality and my market chart lead the way.

[lizarder]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

If we talk about bitcoin then the steps we need to improve should be how to collect. Every market journey must have periods of ups and downs in price and that is normal, but bitcoin's power to recover has been tested so far. If you ask about the buying period then you should understand the market conditions even though most people make purchases when the price drops. Bitcoin can be bought at any time as long as you are a long-term holder and panic should be the basis for consideration so that you do not suffer losses when investing.

Don't panic because even though bitcoin has experienced a sharp decline, there will always be a gradual recovery. Bitcoin's strength has been tested in any condition making it one of the best investments in crypto. Buy and hold, that's enough to see maximum profit when bitcoin experiences ATH and that's where the profit you will get.

[Pi-network314159]

.......to know more about bitcoin investment and how longer investment period guarantee more return than short term investment.

That still seems to be a misleading way of talking about anticipated BTC price performance, and even though there might be some technical truth that the probabilities of UP might be better the longer the time period, but even if the probabilities are higher, that still does not cause the long term to be guaranteed to be higher, even if the probabilities suggest that it should be.

sorry for the late response it's long I visited this thread and I am seeing this now. you are right about that, longer time may be  profitable than shorter period, but not a guarantee that longer period gives a %100 accuracy or markert profit from it. sometimes we over analyse things due to the way we see them, but forgetting that Bitcoin may even fall  below the amount used to  buy it initially because of its extreme volatility.

One thing about investing for the long term is that a relatively modest amount invested could end up adding up to a lot invested, so even though in the short-to-medium term, there might be some difficulties in measuring the amount of value that is retained, but there seems to be a bit of a likelihood for some kind of an upward price trajectory that could happen somewhere down the road.. or mayb even several upward price trajectories, so even someone who is investing relatively modestly, might be able to measure a lot of progress from the over the years modest contributions that end up outperforming other places that the value might have had been kept.. while at the same time, it is not guaranteed to actually go up in value.. but that is true with any investment that we choose to allocate into, we might have some investments that outperform other investments.

I should have gotten a clearer picture of this earlier. due to the volatility of bitcoin makes it difficult to hardly determine where and when a higher return will be guaranteed because a person might invest in bitcoin when the price is so high and may decide to sell his HODLing when he feels it's the best time in his intervals of maybe 5 to 10 years or more, and the sell time of bitcoin may have dropped alot and if para venture he decides to sell it, he will sell at lost there by success in bitcoin for that period of time is not guaranteed.

[Bravut]

.......to know more about bitcoin investment and how longer investment period guarantee more return than short term investment.

That still seems to be a misleading way of talking about anticipated BTC price performance, and even though there might be some technical truth that the probabilities of UP might be better the longer the time period, but even if the probabilities are higher, that still does not cause the long term to be guaranteed to be higher, even if the probabilities suggest that it should be.

sorry for the late response it's long I visited this thread and I am seeing this now. you are right about that, longer time may be  profitable than shorter period, but not a guarantee that longer period gives a %100 accuracy or markert profit from it. sometimes we over analyse things due to the way we see them, but forgetting that Bitcoin may even fall  below the amount used to  buy it initially because of its extreme volatility.

One thing about investing for the long term is that a relatively modest amount invested could end up adding up to a lot invested, so even though in the short-to-medium term, there might be some difficulties in measuring the amount of value that is retained, but there seems to be a bit of a likelihood for some kind of an upward price trajectory that could happen somewhere down the road.. or mayb even several upward price trajectories, so even someone who is investing relatively modestly, might be able to measure a lot of progress from the over the years modest contributions that end up outperforming other places that the value might have had been kept.. while at the same time, it is not guaranteed to actually go up in value.. but that is true with any investment that we choose to allocate into, we might have some investments that outperform other investments.

I should have gotten a clearer picture of this earlier. due to the volatility of bitcoin makes it difficult to hardly determine where and when a higher return will be guaranteed because a person might invest in bitcoin when the price is so high and may decide to sell his HODLing when he feels it's the best time in his intervals of maybe 5 to 10 years or more, and the sell time of bitcoin may have dropped alot and if para venture he decides to sell it, he will sell at lost there by success in bitcoin for that period of time is not guaranteed.

I understand your point. In a long run, any investor would have understand how, what,when and possibly the market dynamics relating to his Bitcoin portfolio, and have tested different cycles. The value of Bitcoin keep increasing, as we cannot really tell same time we know that Bitcoin would always be on high demands.
The reason I do lay emphasis on "Having a plan", will answer your plea were investors work according to there plan, they already know what to do at every market situation either buying or selling.

[Tmoonz]

[edited out]

The thing you need to keep in mind is that the context of shitcoin is completely different than bitcoin because most shitcoins are short-term formulas that are highly likely to depreciate over time. DCA strategy is basically a formula specially made for Bitcoin which gradually decreases with the increase in size of stash of Bitcoin by accumulating over time and at the last moment you will see in your reflection buying dips which your profit amount is high. When it comes to investing, you should keep in mind which shitcoin you choose and start and withdraw your investment at the right time. It may not be easy for you to be perfect in your selection process so you may put yourself at more risk. But in the case of Bitcoin, only consistent and uninterrupted deposits are recommended for a long time. Accumulating bitcoins consistently over a long period of time is likely to yield higher profits in the future.

DCA is not "specifically made for bitcoin," yet there are several ways in which DCA works as a good strategy for bitcoin, including both bitcoin's volatility and the expectation that with the passage of time it is likely to trend upwardly in terms of its price..  Of course, since there are not any guarantees in regards to bitcoin's future prices, we are still largely playing probabilities that bitcoin is going to continue to be a good investment in terms of generally trending up and if not so at least we can regulate our own exposure in terms of how we invest into bitcoin over time using something like DCA.

Part of the problems in terms of suggesting DCA applies to crypto or shitcoins is to presume similar kinds of qualities in the shitcoins in terms of generally trending up, and sure the various shitcoin investors could still use DCA to invest into crypto and/or various shitcoins, but they also either have to do some additional analysis regarding their beliefs of the strength of such coins and/or they may well be using DCA in a trading sense to establish a position and to sell the position, and so DCA can still be used with various shitcoins, yet several of the presumptions are likely going to be different in terms of likely having higher needs with shitcoins to time the ins and the outs... and with bitcoin, and any other investment that seems to have decently strong fundamentals, there are fewer needs to time the ins and the outs because there is an ongoing presumption that there prices/values are going to continue to trend upwardly.. .even though even the amount of the Upward trend would not be strongly understood to be known or knowable.

I agree with you, because DCA method is used for piling up for a purpose, because one might not have that big amount to buy start up the size of our dream investment, but with DCA you can achieve such goal by gradual saving constantly every week and it is always done consecutively. And that is why I was able to understand it fast the first time I joined the forum as a newbie, because I am use to saving a certain amount of my salary when I get paid, and that is how I was able to achieve some valuables that I have now. Like you said it is best done with bitcoin because that is when you achieve its uniqueness due to the compounding profit of bitcoin and the presumption that the odds of the price increasing overtime is high.

But one thing that causes DCA abuse is when you do in a short term investment, it is like you don't want to see your profit big or you don't have bigger plans for something bigger in future and that is why if you DCA on trading, if you sell, you might still regret when bitcoin price pumps higher, or for shitcoin that might end up not lasting in the market.

DCA is going to be quite problematic for any coin or project that is generaly trending downard in its price... One thing about any asset with strong fundamentals would be that even if it is trending downward for very long periods of time, if the fundamentals are strong enough, then the downward trend should end up reversing, and sure it is not guaranteed to reverse, and sometimes we might not know that something is a shitcoin until it never ends up recovering.

Surely there are some shitcoins that end up having second lives, and so there could end up being some value in DCAing into them and then getting out during one of their recovery periods... but yeah, would we call that investing?  Probably we would call it trading and/or gambling... depending on how wild the coin is and if there might be some reasons that the coin/project actually has meaningful/substantial value beyond pumping and dumping.

One of the things I consider as a major problem in terms of getting involved with a shitcoins is apparently the exit point considering the fact that no one knows or being guaranteed of seeing a reverse after a downward trend, even after seeing a reverse exiting becomes problematic as the quest for making a profit becomes very high and so many will cut up not selling until it drops back and out of fear they will sell at lost while seeing the coin going down, many will also sell after which the coin will keep going up and the feeling of selling too early becomes a regret, it is really emotionally draine, exhausted and devastating getting involved in this kind of situation as most of the coins are mere for scamming by pumping and dumping, the reason why Bitcoin becomes a superior among other coin as it holds a more solid foundation.

[ndutndut]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

Just be honest. This is what I have felt all this time, every time I buy the price goes down and when I sell it goes up. Moreover, investing in altcoins certainly makes our hearts almost stop beating and even makes us annoyed with the prices on the market. but after I focused on investing in bitcoin, the feeling like you said will never happen again because investing in bitcoin is for the long term and as long as it hasn't reached the target or goal then I will never sell it, even now I still apply the DCA strategy to bitcoins.

So my suggestion is that investing in Bitcoin will calm you down, especially as we have just passed the halving period so the price will definitely be higher. If currently the price of bitcoin goes up and down, it is a positive thing leading to a very significant increase. Sometimes instilling confidence is important in investing or trading.