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Author Topic: Road to 100k?  (Read 12892 times)
Popkon6
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October 05, 2024, 04:03:15 AM
 #1741


it can happen because there is a chance that Bitcoin will have a higher price when the price has reached $ 100k. market confidence is increasing and anyone who sees how Bitcoin continues to grow over time will never doubt that Bitcoin will reach the price that everyone dreams of today.
wiser investors will plan their investments for the long term. but novice investors with little experience will always feel restless when market movements make them more panicked.
[/quote]

Only the risk of investing in Bitcoin has the most advantages for new investors. New investors will benefit the most from following the DCA strategy, but investing during the current surge in demand for Bitcoin will save the most. Because sometimes there are big dips in the market, if you buy dips once every week then you will save the most. 
So new investors will never be disappointed, because the person who has the ability to take risk will surely succeed. Only by adopting the DCA strategy of Bitcoin will the Bitcoin hold for a long time and the investor need not panic if he/she continues to hold Bitcoin according to the DCA method.

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Miles2006
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October 05, 2024, 04:56:52 AM
Merited by JayJuanGee (1)
 #1742


There is no such thing as short term investing.  You are using the term short term investor to describe trading. ... So when it comes to bitcoin anything less than 4 years is not investing.. it is trading. .you are wanting to play some kind of a price wave.  Yeah you might fool yourself into believing that you are investing because you have 1 or 2 or even 3 years, but you are just playing the trade.. Most likely to really consider bitcoin as an investment you need to think in terms of 10 years or more... otherwise, it seems that you are mixing up trading and investing, since it sounds like you are just trying to get in and then out of it with some short term fiat profits and you are not really considering holding it long term.
Even if some folks try to deceive others and create different type of thought because they accumulated with huge amount it’s still not yet time to sell, what makes bitcoin investment grow is the consistency and time we put to make sure we make better profit but, aside profit a long term mindset is absolutely the best. Traders can’t hold their bitcoin for long without withdrawing profit and the surprising part is they don’t care if the investment will fall probably anyone making such move Should be ready to face lose, the idea 4years is just an example and if getting to 4 years anyone can still accumulate if they feel they’ve not gotten enough although the idea of a satisfied portfolio can’t be determined.

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Hewlet
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October 05, 2024, 06:50:54 AM
 #1743


There is no such thing as short term investing.  You are using the term short term investor to describe trading. ... So when it comes to bitcoin anything less than 4 years is not investing.. it is trading. .you are wanting to play some kind of a price wave.  Yeah you might fool yourself into believing that you are investing because you have 1 or 2 or even 3 years, but you are just playing the trade.. Most likely to really consider bitcoin as an investment you need to think in terms of 10 years or more... otherwise, it seems that you are mixing up trading and investing, since it sounds like you are just trying to get in and then out of it with some short term fiat profits and you are not really considering holding it long term.
Even if some folks try to deceive others and create different type of thought because they accumulated with huge amount it’s still not yet time to sell, what makes bitcoin investment grow is the consistency and time we put to make sure we make better profit but, aside profit a long term mindset is absolutely the best. Traders can’t hold their bitcoin for long without withdrawing profit and the surprising part is they don’t care if the investment will fall probably anyone making such move Should be ready to face lose, the idea 4years is just an example and if getting to 4 years anyone can still accumulate if they feel they’ve not gotten enough although the idea of a satisfied portfolio can’t be determined.
big investors are not selling but are still accumilating more Bitcoin so why should you think of selling just because some random trader sells his?

People that are not ready to invest for the long run will always advocate that you sell whenever you're in a slight profit and the main reason for doing that is basically because they don't want to sell alone. They are looking for others that will sell with them so when they eventually start regretting thier actions, they know they are not alone but have someone who they've successfully dragged along. Apart from getting motivated by people that are fellow long term investors, every other thought of selling Bitcoin iether when the market is more bullish than the period you started accumilating or when thier are speculation of a DIP should never clowed your mind to the point you go in to sell your Bitcoin.

Untill you've attained a comfort zone in terms of having a portfolio that's up to at least a 4 year groose total of Bitcoin stack, what should engrossed your mind should always be best buying strategy and not taking out from your profit be it a part or the whole. If you're even previledge to do so when Bitcoin is at a DIP or below the $100k tag, then it's even an added advantage.

avp2306
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October 05, 2024, 12:07:59 PM
 #1744


There is no such thing as short term investing.  You are using the term short term investor to describe trading. ... So when it comes to bitcoin anything less than 4 years is not investing.. it is trading. .you are wanting to play some kind of a price wave.  Yeah you might fool yourself into believing that you are investing because you have 1 or 2 or even 3 years, but you are just playing the trade.. Most likely to really consider bitcoin as an investment you need to think in terms of 10 years or more... otherwise, it seems that you are mixing up trading and investing, since it sounds like you are just trying to get in and then out of it with some short term fiat profits and you are not really considering holding it long term.
Even if some folks try to deceive others and create different type of thought because they accumulated with huge amount it’s still not yet time to sell, what makes bitcoin investment grow is the consistency and time we put to make sure we make better profit but, aside profit a long term mindset is absolutely the best. Traders can’t hold their bitcoin for long without withdrawing profit and the surprising part is they don’t care if the investment will fall probably anyone making such move Should be ready to face lose, the idea 4years is just an example and if getting to 4 years anyone can still accumulate if they feel they’ve not gotten enough although the idea of a satisfied portfolio can’t be determined.

I guess they are not confusing people so that they can accumulate large number of bitcoin since for sure their money to use cannot do anything if you mean to manipulate the market even if they fool a lot of people. What usually happen is they mislead people maybe just to have fun with them. They misguide them towards wrong decision making that's why this should be corrected so that the person fooled by those people will learn on how to do good approach towards right investment with bitcoin.

its important to correct those wrong thoughts of people so they can get clear insights and good to have veterans like JJG since they provably know what is the right time span when they talk about long term investment and they will not get confused about the length on when they decide to sell. 4 years minimum should be done by lots of people since I think that year length to see good result with our investment.

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JayJuanGee
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October 05, 2024, 12:45:38 PM
 #1745

There is no such thing as short term investing.  You are using the term short term investor to describe trading. ... So when it comes to bitcoin anything less than 4 years is not investing.. it is trading. .you are wanting to play some kind of a price wave.  Yeah you might fool yourself into believing that you are investing because you have 1 or 2 or even 3 years, but you are just playing the trade.. Most likely to really consider bitcoin as an investment you need to think in terms of 10 years or more... otherwise, it seems that you are mixing up trading and investing, since it sounds like you are just trying to get in and then out of it with some short term fiat profits and you are not really considering holding it long term.
Even if some folks try to deceive others and create different type of thought because they accumulated with huge amount it’s still not yet time to sell, what makes bitcoin investment grow is the consistency and time we put to make sure we make better profit but, aside profit a long term mindset is absolutely the best. Traders can’t hold their bitcoin for long without withdrawing profit and the surprising part is they don’t care if the investment will fall probably anyone making such move Should be ready to face lose, the idea 4years is just an example and if getting to 4 years anyone can still accumulate if they feel they’ve not gotten enough although the idea of a satisfied portfolio can’t be determined.

I tend to use 4 years as a minimum timeline in order to attempt to account for either the lump summer old guy who might invest and then think about how much time that he is going to need to be in bitcoin at minimum in order to not be trading rather than investing, and perhaps he is in his late 60s or maybe he has some health issues, and so he can project out his cashflows and if he is already retired for example, he can keep investing, but some of his cashflows are either drying up or they are being eaten away by the debasement of fiat.  So such a guy who currently has around $6k income per month from his various non-bitcoin investments and/or maybe from his social security and pension.. those are all fixed income amounts, and the $6k  that he receives might account for something like 2% to 6% annual debasement, but it really does not account for the reality debasement that seems to be part of our current times in which the debasement seems to be even higher than 6% per year... so such a guy might put 5-25% of his investment into bitcoin as a lump sum and then have a minimum of a 4 year time-line for such investment to ride before he would start to draw from it (as a supplement to his other investments).

Now if the guy is DCAing for several years, then his earliest years of investment are going to reach the 4 year minimum faster than his later BTC DCA purchases, and frequently guys in the various DCA/investment threads here seem to speculate that they might be able to DCA for 4 years or more and then start to draw upon their investment in 4 years, which from my point of view would  also be a bit of a trader mentality if they are just getting in and out of bitcoin rather than considering their investment on a longer time line, and so for example, anyone who might be wanting to get their bitcoin investment up to an amount in which they can start to draw $6k per  month from it, they may well need to spend a considerable amount of time investing into it in order to accumulate bitcoin to get to such level that they would be able to start to draw upon it after reaching such level.

For example, right now from my point of view, it would take about 20.2 BTC to be able to start to pretty much be able to rely on withdrawing $6,666 per month on a fairly reliable and consistent basis and in perpetuity.  I think that with 20.2 BTC, $6,666 per month could be withdrawn, yet I have formulas of reduction of the withdrawal amount based on how low the BTC spot price gets as compared with the 200-WMA, and those reductions start when the BTC spot price gets to less than 25% above the 200-WMA.  See this withdrawal strategy tool for the 20.2 BTC formula and also the below guidelines:

>>>>>"When the BTC spot price is at least 25% above the 200-week moving average, then at least 1 month's withdrawal will be authorized; however,

A) if the BTC spot price is between 10% and 25% above the 200-week moving average, then you will be authorized to withdraw for only 90% of the current month's limit.
B. if the BTC spot price is between 0% and 10% above the 200-week moving average, then you will be authorized to withdraw for only 85% of the current month's limit.
C. if the BTC spot price is between 0% and 20% below the 200-week moving average, then you will be authorized to withdraw for only 70% of the current month's limit.
D. if the BTC spot price is between 20% and 30% below the 200-week moving average, then you will be authorized to withdraw for only 50% of the current month's limit.
E. if the BTC spot price is greater than 30% and 35% below the 200-week moving average, then you will be authorized to withdraw for only 40% of the current month's limit.
F. if the BTC spot price is greater than 35% below the 200-week moving average, then you will be not be authorized to withdraw any BTC from the budget."<<<<<<<

Right now, 200-WMA is $39,660, so the BTC price of $62,103 is nearly 57% above the 200-WMA.  In order to go into withdrawal reduction mode, the BTC price would have to drop below $49,575, so sometimes there could be some value to withdraw some extra BTC when BTC prices are higher if there might be times in which the withdrawal rate is considerably reduced.. such as if the BTC spot price goes more than 35% below the 200-WMA, then the authorized withdrawal rate goes to zero.. and there would be a need to wait out the price getting back up into withdrawal territory, so in that sense there could be need to have money in other things than BTC in order to continue with a life style that allows for $6k per month spending.

Sure, I may be quibbling a bit in regards to how much of a commitment a person needs to have in order to be considered as an investor rather than a trader, and with bitcoin I have difficulties considering anyone with less than a 4-year timeline as an investor.

Sure it is true that anyone could come into an investment with an intention of having more than a 4-year timeline, yet that minimum 4-year timeline could end up getting cut short based on some real life happenings (like an unanticipated emergency), such as injury, disease or death of the investor or of someone of whom the investor is responsible or even some natural disaster calamity that destroys property and/or revenue/income sources and/or causes expenses.

Of course, I might be a bit exaggerated with my $6k per month income requirement (which is kind of in line with a basic western lifestyle entry-level income requirement), and surely there are guys who would be able to feel that they reached their required level with even 1/10th the amount that I suggested (which would be $600 per month) so surely such guys could still use the numbers that I gave and reduce them all by 1/10, and my point of view with BTC instead of needing 20.1 BTC, they would merely need 2.01 BTC in order to reach their $600 per month income requirement.

[edited out]
I guess they are not confusing people so that they can accumulate large number of bitcoin since for sure their money to use cannot do anything if you mean to manipulate the market even if they fool a lot of people. What usually happen is they mislead people maybe just to have fun with them. They misguide them towards wrong decision making that's why this should be corrected so that the person fooled by those people will learn on how to do good approach towards right investment with bitcoin.

its important to correct those wrong thoughts of people so they can get clear insights and good to have veterans like JJG since they provably know what is the right time span when they talk about long term investment and they will not get confused about the length on when they decide to sell. 4 years minimum should be done by lots of people since I think that year length to see good result with our investment.

Hopefully, you realize that if you are DCA investing, then you are going to have some invested DCA amounts that reach 4 years sooner than others, and if you lump sum invest into bitcoin, then surely those lump sums should have at least 4 years to mature, and hopefully no one is thinking about just getting in and out of BTC with 4 year minimum timeline, absent some compelling reason, and most likely they are going to be better off to start some kind of price based and/or time based withdrawal system with their BTC rather than just getting in and out.. absent some reasonable basis.. So if there might be ideas to draw income from an investment, yet other times, there are reasons to complete draw the principle rather than merely drawing income from the investment.

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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October 05, 2024, 01:34:05 PM
Merited by JayJuanGee (1)
 #1746


There is no such thing as short term investing.  You are using the term short term investor to describe trading. ... So when it comes to bitcoin anything less than 4 years is not investing.. it is trading. .you are wanting to play some kind of a price wave.  Yeah you might fool yourself into believing that you are investing because you have 1 or 2 or even 3 years, but you are just playing the trade.. Most likely to really consider bitcoin as an investment you need to think in terms of 10 years or more... otherwise, it seems that you are mixing up trading and investing, since it sounds like you are just trying to get in and then out of it with some short term fiat profits and you are not really considering holding it long term.
Even if some folks try to deceive others and create different type of thought because they accumulated with huge amount it’s still not yet time to sell, what makes bitcoin investment grow is the consistency and time we put to make sure we make better profit but, aside profit a long term mindset is absolutely the best. Traders can’t hold their bitcoin for long without withdrawing profit and the surprising part is they don’t care if the investment will fall probably anyone making such move Should be ready to face lose, the idea 4years is just an example and if getting to 4 years anyone can still accumulate if they feel they’ve not gotten enough although the idea of a satisfied portfolio can’t be determined.


You are absolutely correct but to an extent or point you were using investment instead trade and it was confusing but your point is very clear. I believe anyone who decided to venture into Bitcoin investment should be able to know what advise or choice to make and should also be able to identify what is good or not. Anyone who is being deceived by a folk or anybody, I will put the investor in the category of people that doesn't understand how Bitcoin works or what Bitcoin is all about but the ability for one to say no to..., means the person know what he's doing.

Long term is the goal when it comes to Bitcoin investment and consistency is the key to actualize that goal but consistent investment is a function of stable source of income if you don't have stable source of income then you are getting it twisted because you will definitely destroy your investment with time but when one have a stable source of income and being consistent what is needed is management skill very important and for me, 4 years is not too long enough to sell because Bitcoin is a volatile asset.

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October 05, 2024, 03:21:36 PM
Merited by JayJuanGee (1)
 #1747

Hopefully, you realize that if you are DCA investing, then you are going to have some invested DCA amounts that reach 4 years sooner than others, and if you lump sum invest into bitcoin, then surely those lump sums should have at least 4 years to mature, and hopefully no one is thinking about just getting in and out of BTC with 4 year minimum timeline, absent some compelling reason, and most likely they are going to be better off to start some kind of price based and/or time based withdrawal system with their BTC rather than just getting in and out.. absent some reasonable basis.. So if there might be ideas to draw income from an investment, yet other times, there are reasons to complete draw the principle rather than merely drawing income from the investment.

Yeah I got your point concerning the in and out, is like after one has reached the point of having enough bitcoin stashes in their portfolio, is not encouraging , for that individual to go all out when withdrawing from their investment ( withdrawing everything). But rather find a system or method he or she can use when it comes taken profits from their investment without, selling all their bitcoin.  And it's actually a nice thing to do because after holding yah Bitcoin for like 4-10 years , bitcoin price may not be the same again, it may even be far more  higher than we never imagined it to be  . So selling all your investment won't be smart because you literally accumulated Bitcoin when the price was low during those years , and you may not have the opportunity to purchase Bitcoin at such low price again, like how folks that purchase Bitcoin during the price range of $100 don't have the opportunity to purchase it that same price agaij because the chances of Bitcoin going back to that range is too low ...



There is no such thing as short term investing.  You are using the term short term investor to describe trading. ... So when it comes to bitcoin anything less than 4 years is not investing.. it is trading. .you are wanting to play some kind of a price wave.  Yeah you might fool yourself into believing that you are investing because you have 1 or 2 or even 3 years, but you are just playing the trade.. Most likely to really consider bitcoin as an investment you need to think in terms of 10 years or more... otherwise, it seems that you are mixing up trading and investing, since it sounds like you are just trying to get in and then out of it with some short term fiat profits and you are not really considering holding it long term.
Even if some folks try to deceive others and create different type of thought because they accumulated with huge amount it’s still not yet time to sell, what makes bitcoin investment grow is the consistency and time we put to make sure we make better profit but, aside profit a long term mindset is absolutely the best. Traders can’t hold their bitcoin for long without withdrawing profit and the surprising part is they don’t care if the investment will fall probably anyone making such move Should be ready to face lose, the idea 4years is just an example and if getting to 4 years anyone can still accumulate if they feel they’ve not gotten enough although the idea of a satisfied portfolio can’t be determined.

Normally most folks are blinded due to the mindset of getting reach quick in Bitcoin or cryptocurrencies in a whole . That's why they usually choose to waste their resources, by going into trading for short-term profits without any solid knowledge, because to want to make it fast in this space , rather than for them to take Their time and build a better long-term investment in Bitcoin, that will sustain them
During their time of retirement. Though it may take to time but the whole process worth and you will know that when the time comes.

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October 05, 2024, 04:48:38 PM
 #1748

Hopefully, you realize that if you are DCA investing, then you are going to have some invested DCA amounts that reach 4 years sooner than others, and if you lump sum invest into bitcoin, then surely those lump sums should have at least 4 years to mature, and hopefully no one is thinking about just getting in and out of BTC with 4 year minimum timeline, absent some compelling reason, and most likely they are going to be better off to start some kind of price based and/or time based withdrawal system with their BTC rather than just getting in and out.. absent some reasonable basis.. So if there might be ideas to draw income from an investment, yet other times, there are reasons to complete draw the principle rather than merely drawing income from the investment.

Yeah I got your point concerning the in and out, is like after one has reached the point of having enough bitcoin stashes in their portfolio, is not encouraging , for that individual to go all out when withdrawing from their investment ( withdrawing everything). But rather find a system or method he or she can use when it comes taken profits from their investment without, selling all their bitcoin.  And it's actually a nice thing to do because after holding yah Bitcoin for like 4-10 years , bitcoin price may not be the same again, it may even be far more  higher than we never imagined it to be  . So selling all your investment won't be smart because you literally accumulated Bitcoin when the price was low during those years , and you may not have the opportunity to purchase Bitcoin at such low price again, like how folks that purchase Bitcoin during the price range of $100 don't have the opportunity to purchase it that same price agaij because the chances of Bitcoin going back to that range is too low ...
Just as @JayJuanGee said, smart enough should be decided on the purpose or urgent need as why the investment is being withdrawn from. Without any compelling reasons to fasten the selling of the investment, certain restrictions should be considered not just on timely basis which does not look truly proficient to give a good return of investment at when due because of volatile nature of Bitcoin at when due but for a more return in  capital invested, specific prices should be targeted, it should flow sequentially which should actualize further profit on each sell order completed. Investors who are not too old of age can bliss on partial withdrawal and decide to reinvest percentage of their portfolio back into Bitcoin, practically for those who started by DCA approach this should help strengthen their portfolio.
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October 05, 2024, 05:05:48 PM
 #1749

Even if some folks try to deceive others and create different type of thought because they accumulated with huge amount it’s still not yet time to sell, what makes bitcoin investment grow is the consistency and time we put to make sure we make better profit but, aside profit a long term mindset is absolutely the best. Traders can’t hold their bitcoin for long without withdrawing profit and the surprising part is they don’t care if the investment will fall probably anyone making such move Should be ready to face lose, the idea 4years is just an example and if getting to 4 years anyone can still accumulate if they feel they’ve not gotten enough although the idea of a satisfied portfolio can’t be determined.

Normally most folks are blinded due to the mindset of getting reach quick in Bitcoin or cryptocurrencies in a whole . That's why they usually choose to waste their resources, by going into trading for short-term profits without any solid knowledge, because to want to make it fast in this space , rather than for them to take Their time and build a better long-term investment in Bitcoin, that will sustain them
During their time of retirement. Though it may take to time but the whole process worth and you will know that when the time comes.

When a person has the mindset that they will be able to get something easily, then they no longer consider the big risks that they will face in front of them and this of course results in them losing what they already have.
When someone throws away their money and plunges into short-term trading without proper understanding, of course it will be very useless because it is very unlikely that they will be able to make a profit without having a strong understanding or recognition and I agree with you it will be better for them to take their time to invest in the long term than to choose to trade and they also do not understand well about the trade.

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October 05, 2024, 05:53:38 PM
 #1750

Hopefully, you realize that if you are DCA investing, then you are going to have some invested DCA amounts that reach 4 years sooner than others, and if you lump sum invest into bitcoin, then surely those lump sums should have at least 4 years to mature, and hopefully no one is thinking about just getting in and out of BTC with 4 year minimum timeline, absent some compelling reason, and most likely they are going to be better off to start some kind of price based and/or time based withdrawal system with their BTC rather than just getting in and out.. absent some reasonable basis.. So if there might be ideas to draw income from an investment, yet other times, there are reasons to complete draw the principle rather than merely drawing income from the investment.
Yeah I got your point concerning the in and out, is like after one has reached the point of having enough bitcoin stashes in their portfolio, is not encouraging , for that individual to go all out when withdrawing from their investment ( withdrawing everything). But rather find a system or method he or she can use when it comes taken profits from their investment without, selling all their bitcoin.  And it's actually a nice thing to do because after holding yah Bitcoin for like 4-10 years , bitcoin price may not be the same again, it may even be far more  higher than we never imagined it to be  . So selling all your investment won't be smart because you literally accumulated Bitcoin when the price was low during those years , and you may not have the opportunity to purchase Bitcoin at such low price again, like how folks that purchase Bitcoin during the price range of $100 don't have the opportunity to purchase it that same price agaij because the chances of Bitcoin going back to that range is too low ...

Several of us likely realize and appreciate that Bitcoin is amongst the best of investments, if not the best investment, and so in the future when we are at a point to start to employ some forms of sustainable withdrawal, whether price based and/or time based, there is no reason to presume that bitcoin is going to deteriorate so much as an investment that it becomes a place that we are not going to want to continue to keep our value.  So in accordance with Gresham's law, we may well be wanting to continue to spend from other sources prior to spending our bitcoin. 

Of course, we could have income from pensions, social security and/or from other investments, and if our income is no longer sustaining our lifestyle then we have to start to sell assets, so if we have a choice between various assets, we likely would sell from our other assets prior to selling our bitcoin, and even once we  start to sell bitcoin, there may be no reason to sell large amounts of it, unless we might be close to death or something like that.  So part of the rationale to continue to get our bitcoin to grow would be to help to get to a point that the amount of bitcoin that we withdrawal is sustainable for our lives, and yeah, we might not be able to figure out various details in advance, yet if we spend 4-10 years or more accumulating bitcoin, the size of our bitcoin stash (and bitcoin performance over the years) may well help to inform us better about the extent to which we might be able to employ sustainable withdrawal techniques with our BTC stash.

There is no such thing as short term investing.  You are using the term short term investor to describe trading. ... So when it comes to bitcoin anything less than 4 years is not investing.. it is trading. .you are wanting to play some kind of a price wave.  Yeah you might fool yourself into believing that you are investing because you have 1 or 2 or even 3 years, but you are just playing the trade.. Most likely to really consider bitcoin as an investment you need to think in terms of 10 years or more... otherwise, it seems that you are mixing up trading and investing, since it sounds like you are just trying to get in and then out of it with some short term fiat profits and you are not really considering holding it long term.
Even if some folks try to deceive others and create different type of thought because they accumulated with huge amount it’s still not yet time to sell, what makes bitcoin investment grow is the consistency and time we put to make sure we make better profit but, aside profit a long term mindset is absolutely the best. Traders can’t hold their bitcoin for long without withdrawing profit and the surprising part is they don’t care if the investment will fall probably anyone making such move Should be ready to face lose, the idea 4years is just an example and if getting to 4 years anyone can still accumulate if they feel they’ve not gotten enough although the idea of a satisfied portfolio can’t be determined.
Normally most folks are blinded due to the mindset of getting reach quick in Bitcoin or cryptocurrencies in a whole . That's why they usually choose to waste their resources, by going into trading for short-term profits without any solid knowledge, because to want to make it fast in this space , rather than for them to take Their time and build a better long-term investment in Bitcoin, that will sustain them
During their time of retirement. Though it may take to time but the whole process worth and you will know that when the time comes.

I am starting to consider that around 10x of our annual expenses is a tentative entry-level fuck you status.   Some guys want $80k per year (or $6,666 per month), and other guys might be able to get by on $12k per year (or $1k per month), so guys can aim to reach or exceed those kinds of levels. Of course, through the years, we may well expect that the dollar (or other fiat) is not going to go as far as it is able to go today, so there may be a certain expectation of a need for our target to move in terms of dollars, yet many of us anticipate that bitcoin's growth rate is going to exceed the rate of the debasement of the dollar and/or other fiats, yet we still can attempt to measure the amount that we need in terms of our own anticipated annual expenses in order to see if we are getting close to our target levels, which entry-level may well be somewhere in the ball park of 10x our annual expenses... If you have your own number, then go with that number.

Investors who are not too old of age can bliss on partial withdrawal and decide to reinvest percentage of their portfolio back into Bitcoin, practically for those who started by DCA approach this should help strengthen their portfolio.

If you know that you are still in a stage of accumulating bitcoin, I would be cautious with any approaches that sell BTC with expectations of buying back lower, since those kinds of strategies might lead you to employing too much waiting to buy BTC and not enough actual buying of BTC.  One of the most assured ways of continuing to grow your quantity of BTC is by continuing to buy it. 

When you sell it, you end up with less, and then you are hoping to get back to the amount that you had previously had when the bitcoin price dips, which it may or may not end up doing.

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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October 05, 2024, 09:26:16 PM
 #1751


Not only newbie, but what I want to let you know is that theirs some people whose investment in bitcoin is long-term investment and theirs some investment is short-term investment, so probably those ones their aim is short-term investment do concentrate on profit of that moment, they don't think of the future market of Bitcoin determination, what I really wants us to understand is that bitcoin investment is directly meant or invest due to your obligations towards the investment, the thing is that anyone who have in mind to accumulate bitcoin will allow it to last or stay for period of some years.

Yea, different individuals with different mindset and reason why they are into Bitcoin investment but be it as it may, Bitcoin is a long-term investment which we all know and I think every bitcoiners be it old or new should center their mind on the long-term goal which defines Bitcoin concepts, though individuals are entitled to their decisions without questioning of any kind but the record is straight, Bitcoin is not a quick profit scheme and it is not meant for premature sellers that's why it is advisable for every investor to invest with what they can afford without stress in other not be tempted to withdraw or sell in a short period of time.

No doubt, some people just care about short-term profit and thats why most of them fail in their accumulation process once the fail to achieve their aim in a short while, as a matter fact, it is important for every bitcoiner to know that Bitcoin as a smart investment as such it is a long-term investment and for the stated reasons there no way investors will be satisfied with the Bitcoin they have acumulated so far in a short period of time, as bitcoiners we should think of the maximalists strategy which is keep accumulating and forgetting, this will help us to keep accumulating as we can and hodl for a long-term.

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Today at 02:25:47 AM
 #1752


Not only newbie, but what I want to let you know is that theirs some people whose investment in bitcoin is long-term investment and theirs some investment is short-term investment, so probably those ones their aim is short-term investment do concentrate on profit of that moment, they don't think of the future market of Bitcoin determination, what I really wants us to understand is that bitcoin investment is directly meant or invest due to your obligations towards the investment, the thing is that anyone who have in mind to accumulate bitcoin will allow it to last or stay for period of some years.

I respect all types of investors, but at this point I think it is better not to be a short-term investor, but rather to be a market speculator and trade on the rise or fall of BTC, with the idea of ​​​​getting something out of the market, for me an investor has to go long term, something similar to how investments are made in the stock market, which is long term, but that long term is 8-10 years, in BTC it is calculated that it is every 4 years that a good advance and bullish trend occurs, although it is not necessary, many wait for this cycle of every 4 years to see if the movement occurs.

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Today at 03:24:31 AM
 #1753

Investors who are not too old of age can bliss on partial withdrawal and decide to reinvest percentage of their portfolio back into Bitcoin, practically for those who started by DCA approach this should help strengthen their portfolio.

If you know that you are still in a stage of accumulating bitcoin, I would be cautious with any approaches that sell BTC with expectations of buying back lower, since those kinds of strategies might lead you to employing too much waiting to buy BTC and not enough actual buying of BTC.  One of the most assured ways of continuing to grow your quantity of BTC is by continuing to buy it. 


It totally depends on what price he sells his BTC. Something that is moving up is always going down, too. It's kinda stupid when someone sells his BTC at a low price. Then hopes to buy it back at a lower price.

A smart trader'd be shorting with very low lev while waiting for the price of btc to dipping. And wait for a good price to entry.


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Today at 06:57:24 AM
 #1754


Not only newbie, but what I want to let you know is that theirs some people whose investment in bitcoin is long-term investment and theirs some investment is short-term investment, so probably those ones their aim is short-term investment do concentrate on profit of that moment, they don't think of the future market of Bitcoin determination, what I really wants us to understand is that bitcoin investment is directly meant or invest due to your obligations towards the investment, the thing is that anyone who have in mind to accumulate bitcoin will allow it to last or stay for period of some years.

I respect all types of investors, but at this point I think it is better not to be a short-term investor, but rather to be a market speculator and trade on the rise or fall of BTC, with the idea of ​​​​getting something out of the market, for me an investor has to go long term, something similar to how investments are made in the stock market, which is long term, but that long term is 8-10 years, in BTC it is calculated that it is every 4 years that a good advance and bullish trend occurs, although it is not necessary, many wait for this cycle of every 4 years to see if the movement occurs.


We should wait for at least two halvings to invest in Bitcoin, so if one invests in DCA method, his investment will definitely be bigger. And if someone else wants to invest more, he can certainly make his investment bigger by staying longer, so using the DCA method at any stage is possible to get the most success. 
I've been following the DCA method in Bitcoin for about three months, based on my long-term thinking. Because I am very happy with the current period and my investment has accumulated enough money, so I will keep my investment long-term until it halves. Because until my bitcoin price target is 150k plus I will accumulate investment in bitcoin by DCA method.

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Today at 07:53:23 AM
 #1755

Investors who are not too old of age can bliss on partial withdrawal and decide to reinvest percentage of their portfolio back into Bitcoin, practically for those who started by DCA approach this should help strengthen their portfolio.
If you know that you are still in a stage of accumulating bitcoin, I would be cautious with any approaches that sell BTC with expectations of buying back lower, since those kinds of strategies might lead you to employing too much waiting to buy BTC and not enough actual buying of BTC.  One of the most assured ways of continuing to grow your quantity of BTC is by continuing to buy it. 
It totally depends on what price he sells his BTC. Something that is moving up is always going down, too.

There are plenty of examples of guys selling too much of their bitcoin too soon and then becoming bitter farts because they were of the believe that they were selling at or near the top and they were not.

If you are going to try the same thing, then you seem to be gambling and/or trading rather than investing, and yeah, sure it might work out for you, but it also might contribute towards you both having fewer bitcoin than you otherwise would have had and/or ending up with higher costs per BTC rather than having success in your gamble to lower your costs per BTC.

Another thing is that if you sell too much too soon, and if you are still in a BTC accumulation stage of your journey, then you likely put yourself into a practice of waiting rather than a more proactive practice of buying and/or at least holding through periods that you might consider to be BTC high price points.

Surely your personal situation might be different, especially since you have been registered on the forum for nearly 9 years, and if you have accumulated a considerable BTC holdings then you might be more free to sell some BTC at various points along the way and potentially buy back cheaper, and perhaps you are going to proclaim that there have been various points in bitcoin's history that you have been able to sell a certain amount of BTC and to buy back cheaper.. and are you really in a better place because of those various sales that you had made rather than if you had just concentrated on accumulating bitcoin in your first 1 or 2 cycles?

So for example if in the last 9 years you would have had been buying bitcoin at about $100 per week, you would have invested right around $47k and you would have nearly 19 BTC.  Are you saying that whatever you have been doing in regards to fucking around with selling BTC on the way up and buying BTC on the way down (presumptively prior to reaching your BTC accumulation goals) has contributed to your having better BTC performance in regards to both how much BTC you accumulated and/or how much you paid for those BTC rather than a more strict approach to DCA buying and holding approach to bitcoin?

With 19 BTC, even at western living  standards you would be coming very close to getting to entry level fuck you status (with a $1,180,000 spot price valuation and a $754k 200-WMA valuation), and I have to update my fuck you status chart since I think that with my current way of assessing bitcoin values using the 200-WMA and allowing for a 10% withdrawal rate in terms of dollar value of the 200-WMA valuation, it seems that you may well be at entry-level fuck you status by early 2025, even if you were to already start to withdraw at that 10% rate or some lower level that would allow your bitcoin holdings to continue to grow in value (again using the 200-WMA).

It's kinda stupid when someone sells his BTC at a low price. Then hopes to buy it back at a lower price.

A smart trader'd be shorting with very low lev while waiting for the price of btc to dipping. And wait for a good price to entry.

How has that been working for you in the past 9 years?  Have you been able to beat the DCA approach that I suggest could have had gotten you close to 19 BTC with $47k invested?  Are you doing better than that?  Do you think whatever you are describing would consistently be able to beat the DCA approach especially for regular normie folks?  You know that an overwhelming majority of normies, perhaps in the ball park of 95% plus are not really going to be very good at trying to trade, and even folks who trade and are good at it, I wonder how many of them could have had beaten a more strict DCA approach over a couple of cycles, 9-ish years or more?

If you have beaten a more strict DCA approach, then I applaud you, yet I have a lot of difficulties believing that there are very many replicable approaches that are even close to as easy as a more strict DCA approach to accumulating BTC... and an approach to BTC that does not involve any fucking around with trying to trade it or to sell any of it.. which we frequently refer to as HODLing through the high price periods and otherwise just ongoingly buying BTC.. until you get to a BTC accumulation amount that is either enough or more than enough. NOT that I am saying that 19 BTC is enough or more than enough, even though it would not have had been bad for a person who had started with a $100 per week budget 9 years ago.  And, surely a person with a 9 year budget of $100 per week may well might have had been able to increase his weekly BTC investment amount with the passage of time too..  or maybe he started with some amount that was less than $100 per week and he worked his way up to $100 per week or higher amounts of weekly investment into bitcoin with the passage or time, presuming that he might be able to increase his disposable income during the time that he is investing into bitcoin.

To me, it seems like it is going to be difficult for you to persuade me that trading is better than strictly buying, and even if you are able to show it in your case, it is going to be difficult to show how you really are going to make your approach to be applicable to others, if it were to be more profitable than a more strict DCA buying approach to accumulating BTC.

Not only newbie, but what I want to let you know is that theirs some people whose investment in bitcoin is long-term investment and theirs some investment is short-term investment, so probably those ones their aim is short-term investment do concentrate on profit of that moment, they don't think of the future market of Bitcoin determination, what I really wants us to understand is that bitcoin investment is directly meant or invest due to your obligations towards the investment, the thing is that anyone who have in mind to accumulate bitcoin will allow it to last or stay for period of some years.
I respect all types of investors, but at this point I think it is better not to be a short-term investor, but rather to be a market speculator and trade on the rise or fall of BTC, with the idea of ​​​​getting something out of the market, for me an investor has to go long term, something similar to how investments are made in the stock market, which is long term, but that long term is 8-10 years, in BTC it is calculated that it is every 4 years that a good advance and bullish trend occurs, although it is not necessary, many wait for this cycle of every 4 years to see if the movement occurs.
We should wait for at least two halvings to invest in Bitcoin, so if one invests in DCA method, his investment will definitely be bigger. And if someone else wants to invest more, he can certainly make his investment bigger by staying longer, so using the DCA method at any stage is possible to get the most success. 
I've been following the DCA method in Bitcoin for about three months, based on my long-term thinking. Because I am very happy with the current period and my investment has accumulated enough money, so I will keep my investment long-term until it halves. Because until my bitcoin price target is 150k plus I will accumulate investment in bitcoin by DCA method.

You seem to have the right idea As-Soon-As, yet how are you really going to know after a few months DCA buying of BTC?  Like you said, it tends to take years and years for the DCA approach to really start to show how there have had been advantages in terms of ongoingly, persistently and consistently employing it.  Also I am not sure about if it would be a good idea to slow down in your BTC accumulation through DCA merely if the BTC price were to go to $150k and above. 

One of the things with the DCA approach is that you only have your income (and your discretionary income) to be able to buy BTC as your income comes in, so you have to buy BTC as your income comes in, yet if you start to choose not to buy BTC, then what are you going to do?  Are you going to set the money aside and prepare to buy on dips? or to resume DCA at some point after BTC price dips, in the event that it dips?  I am not sure you would be completely wrong with the employment of such a strategy, and surely if you already recognize and appreciate that you likely need to be continuing to accumulate bitcoin for a couple of cycles then you might at least have the right mindset even if it might be questionable whether it would be a good idea to slow down in your BTC accumulation merely because the BTC price goes above some price point (such as $150k) that you currently consider to be a high price.

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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Today at 07:58:26 AM
Merited by JayJuanGee (1)
 #1756


Not only newbie, but what I want to let you know is that theirs some people whose investment in bitcoin is long-term investment and theirs some investment is short-term investment, so probably those ones their aim is short-term investment do concentrate on profit of that moment, they don't think of the future market of Bitcoin determination, what I really wants us to understand is that bitcoin investment is directly meant or invest due to your obligations towards the investment, the thing is that anyone who have in mind to accumulate bitcoin will allow it to last or stay for period of some years.

I respect all types of investors, but at this point I think it is better not to be a short-term investor, but rather to be a market speculator and trade on the rise or fall of BTC, with the idea of ​​​​getting something out of the market, for me an investor has to go long term, something similar to how investments are made in the stock market, which is long term, but that long term is 8-10 years, in BTC it is calculated that it is every 4 years that a good advance and bullish trend occurs, although it is not necessary, many wait for this cycle of every 4 years to see if the movement occurs.


We should wait for at least two halvings to invest in Bitcoin, so if one invests in DCA method, his investment will definitely be bigger. And if someone else wants to invest more, he can certainly make his investment bigger by staying longer, so using the DCA method at any stage is possible to get the most success.  
I've been following the DCA method in Bitcoin for about three months, based on my long-term thinking. Because I am very happy with the current period and my investment has accumulated enough money, so I will keep my investment long-term until it halves. Because until my bitcoin price target is 150k plus I will accumulate investment in bitcoin by DCA method.


What you wrote here is very confusing, but If am actually getting you right here, you are saying that your Bitcoin price target is 150k, the price you are willing to sell,  so I want to ask, do you think 150k is the peak price of Bitcoin?
Because it's baffles me that you think so myopic on Bitcoin, you were talking of holding Bitcoin for a long period of time, and you think that the highest Bitcoin can go in like 10 to 20 years time from now is 150k?

Bro if that's how you see Bitcoin then to be frank here, you knows nothing about Bitcoin and the potential it has, because Bitcoin has the capacity of doing 10x to 20x in like 10 to 20 years time from now due to it high potential.











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