Road to 100k?

[JayJuanGee]

There will certainly be a huge difference in their investment strategies. The person who chose to invest $100 weekly would focus more on the DCA strategy,

I still think that we are making different points, because in my hypothetical, I am presuming he does not have that $100 per week in advance, and he is only able to invest $100 per week as it comes in.  His only other option would be to just let the $100 per week to pile up in order to buy on dip (if there is a dip), and if there is not a dip, he is risking that he might have to buy BTC at higher prices rather than if he were to just buy each week as the $100 comes available.

This point is actually not too wrong but in the end, won't this make the situation a little complicated for yourself, especially for beginners who are only trying to predict roughly because they are definitely still not too familiar with some techniques in analysis or technical analysis so they are like waiting for things that are not too certain when the decline occurs and this could actually make them not make purchases that should be made because it is not easy to change the view when assuming and hoping that prices will fall to being full of risk by buying without thinking about prices.

Not that bitcoin cannot go down because in the end price fluctuations will certainly always exist but on the other hand we must be aware that guessing without a clear situation because they (beginners) only roughly guess that bitcoin will go down is actually in my opinion complicating themselves so it would be more worth it if they did make a decision from the start by buying bitcoin directly without having to wait for dip when they are able to do so.

Many normies when they are new to bitcoin (or even investing for that matter), will erroneously come to the mistake that they have to GO BIG or GO HOME, so it can be quite difficult for them to internalize the idea of  DCA... so they have tendencies to want to front load their investment, even prior to their getting used to investing into bitcoin and before they have really figured out how they were going to go about it.

So even if they might say that they are ready for either up or down prices, they might end up not really being prepared because they ended up over-investing in light of their own mental preparedness.

I understand that no one is comfortable losing money, even if they ONLY put in $10, so there can be some difficulties for any of us to get over our loss aversion sensations and to figure out a position size and even an investing approach that may well allow us to continue to invest (such as DCA) for at least 4 years before really starting to potentially strategizing around price, and really, sometimes there may be some needs to invest 10-15 years or longer before starting to worry about price, especially if the amount invested might even be less than 10% of their income/expenses...so it can really take a long time to build an investment portfolio that might cover 1-2 years or longer of expenses, especially if the investment amounts are not very high.

You are right, when I started Bitcoin investment I felt I have been lift behind especially when I hear people talk about the account of Bitcoin they have accumulated I wanted to accumulate like them too forgetting they have been accumulating for years, because of this feeling some newbies start investing aggressively and before you know it they hit a fuck you stage,

I know that many of us might get lured into believing that some of the folks who were able to get rich quick or surprisingly have a great streak of luck are representative of what could happen to us or to normal people, and generally the get rich quick folks are not representative of what we should be striving to achieve, even if there could be some possibilities that we might end up getting ourselves into a position in which we end up being able to disproportionately benefit from whatever preparations and/or investment stake into bitcoin (or whatever else.. not referring to shitcoins) that we might end up allocating our time, energies and our value.

Many times it is way better for most of us to be putting efforts into creating some strong financial and/or psychological bases prior to engaging in any kinds of higher risk investments, and surely bitcoin is already a decently high risk area to be investing, even though surely its more than 15 years of existence has brought a lot of credibility to it, and there still are a lot of people, institutions and governments who are way under-allocated to it, without realizing such under-allocation that they have.. which is that they are low coiners and/or no coiners without realizing it.  So the mere fact that some of us are just newly involving ourselves in bitcoin, learning about bitcoin and building our stake in bitcoin puts us in front of a lot of other normies, and even puts us ahead of many institutions and governments... so we are likely going to disproportionately benefit from our early involvement in bitcoin, even if it might take us 4-10 years or longer to really start to significantly build our bitcoin stake and to put ourselves in a position to potentially have more and more luck down the road based on our ongoing preparing ourselves by studying the space and by taking actions to ongoingly, persistently and consistently accumulate bitcoin, even if we are ONLY able to do $100 per week or $10 per week or whatever we are able to reasonably do without overextending ourselves, financially and/or psychologically.

some newbie feels DCA is a slow way of accumulation that is meant for people who has already accumulated enough Bitcoin the reason why some newbies feel this way is because they feel they are behind in accumulation and wants to meet up with others and also they really don't understand what DCA strategy is all about.

That is a reasonably good point SuperBitMan.  One of the greatest problems of newbie bitcoin investors and maybe even especially poor people and/or people who might not have had invested previously or established strong cashflow management practices, is that they end up engaging in behaviors that devolve into trying to rush matters rather than figuring out some kind of a way to engage in some kind of a practice (such as DCA) that allows them to tailor their level of aggressiveness to their own personal circumstances and also to even continue to tweak their tailored levels on a fairly regular basis while they are learning how to balance their various financial and psychological factors and also fitting bitcoin investment (accumulation) into the mix of their lives.  It is difficult to save folks from themselves, especially if they are poo-pooing the power of DCA and they are inclining themselves to some kind of a false sense that they are smarter than DCA and that they are going to be able to cause themselves to end up in a better position because they are failing/refusing to recognize the power of DCA to allow them to tailor and to be as aggressive as they are able to be without overdoing it...so long as they can humble themselves a wee bit to its power, especially with such a great investment like bitcoin...and in the beginning don't be fucking around thinking that DCA is going to work with other investments, including getting caught into believing that there is much if any value to be trying to apply DCA to shitcoins prior to focusing on bitcoin first.. perhaps even realizing that it could take 4-10 years or longer (especially for the brand new investor) to both get used to bitcoin and/or learn about bitcoin before considering if DCA might be applicable to some other assets, whether shitcoins or anything else such as property or stocks, bonds, commodities or anything else.

There can be quite a bit of value to be trying to learn about cashflow management and also bitcoin and even tailorizing the 9 factors while primarily leaning on tailorized DCAing of regular amounts into BTC, perhaps weekly, prior to really getting overly distracted into other methods and/or other assets beyond just managing dollars and bitcoin.

Those people we are seeing now that has gone far in there Bitcoin accumulation started from somewhere some of them used DCA strategy and they were Accumulating little by little, Bitcoin is not running away so take your time don't be in a rush.

Also no matter what we do, when we are in the earliest stages of BTC accumulation, we are likely going to make various mistakes along the way, especially in our first whole cycle of accumulating bitcoin, so surely it would seem best that if we are able to put systems in place that contribute towards any of our mistakes to be a level of recoverable kinds of mistakes rather than mistakes that end up taking us out of the game because we got overly confident and had not realized that we had devolved our BTC accumulation strategy(ies) into gambling, trading and shitcoining rather than attempting to really stay focused on bitcoin investment that tries to assure decently good cashflow management and/or reserves prior to any of our tweaking of our practices in order to ramp up our BTC accumulation aggressiveness levels...and surely there can be some fun in the process of both leaning and also putting ourselves into a position that we are ready, willing and/or able to increase our bitcoin accumulation aggressiveness, yet we likely are not going to be a brand new bitcoin investor that already knows how to hone our aggressiveness level until we practice for a while, and perhaps the smartest (and fastest) of learners (and who might have a lot of resources coming into the process) might be able to take shorter periods of time to be able to step up their aggressiveness levels (such as within 6 months or so), yet some folks still might take 4-10 years or longer before they are really able to put themselves into a position in which they are able to tweak what they are doing and to become more aggressive in what they are doing.  There is variance, and surely each of us is responsible for our own situations in order to attempt to figure out how aggressive that we can afford to be without overdoing it, and I think that many of us with more experience will suggest that newbies (and even folks who might have several years of experience) error on the side of being more conservative and even to take time before they up their level of aggressiveness rather than making mistakes of putting too aggressive practices into play in the their earliest stages of working on their BTC accumulation strategies and practices.

And when it comes to DCA strategy is not a slow way of accumulation if you have a good paying job or business you can decide to invest $1k or more weekly or monthly, when it comes to DCA strategy of accumulation it all depends on what you can afford.

Of course, we are talking about not ONLY about "what we can afford" but also folks should be figuring out how to work within their discretionary income, because if we do not particularize the ideas of "what is affordable," then surely many folks could end up making mistakes in regards to how they assess what they actually can afford in comparison to what they superficially might believe that they can afford.

Yet, ultimately, at the same time, I am not presuming any special skills that anyone needs to develop in respect to investing into bitcoin, even though they may well need to practice investing into bitcoin for a while in order to get used to investing into bitcoin if they have not previously invested into anything and especially further precautions might need to be appreciated if they at least recognize that bitcoin has nearly inevitable attributes to be volatile in either direction for periods that might be beyond what they are used to experiencing, so in that regard, they still have to engage in some efforts to figure out some kind of a position size and/or practice that will be comfortable for them, which does not necessarily need  to be completely assessed prior to getting started, yet any getting started might end up starting with even a more conservative position size (amount) while engaging in some preliminary assessments of both their financial and psychological circumstances.

The number of years one can stay before accumulating enough Bitcoin depends on the account he or she puts in his or her accumulation, if someone is using $100 to accumulate weekly it will take him or her more years than someone using $1k weekly

Sure amounts invested make a difference, yet it still seems more appropriate to consider income versus expenses (which is discretionary income) in order to assess how aggressive a person might want to be from the start of the bitcoin investment, and then to figure out whether income can be increased and/or expenses can be reduced in order to potentially invest more into bitcoin, rather than merely throwing out random amounts and without really assessing how those amounts might related to their current income versus their current expenses and how those factors might be able to change with the passage of time in order to potentially be able to consider the creation of BTC accumulation targets and even to consider how long it might take to reach such BTC accumulation targets... whether considering in terms of BTC amounts or dollar value amounts or both. To be more realistic both dollar value and BTC amounts likely need to be considered for an overwhelming majority of people who still might be earning and/or having expenses denominated in dollars (or some other fiat) rather than in bitcoin.

[Ambatman]

So even if they might say that they are ready for either up or down prices, they might end up not really being prepared because they ended up over-investing in light of their own mental preparedness.

Halving 2024 I released all Bitcoin holdings that had been DCA for 4 years (maybe it's too early to release it but as a small retailer the economic situation is not always friendly), full of twists and turns and indeed as you said it is not easy to win mentally from the fluctuating price situation when the financial condition is getting thinner but I have gone through all that. From the sales I managed to build my dream house.

Now facing the next 4 years I will start DCA again with full preparation from before, with strategies and all the shortcomings that have been evaluated.

I secretly learned a lot from all your opinions about DCA.

Congratulations on your building that's a Good news especially if you from Nigeria.
Your statement I will start means you haven't started yet and it's quite risky been a Nocoiner
Now you can't buy even at the price you sold.
Mind you am not against your decision but atleast I think leaving some wouldn't had hurt.

[Miles2006]

So even if they might say that they are ready for either up or down prices, they might end up not really being prepared because they ended up over-investing in light of their own mental preparedness.

Halving 2024 I released all Bitcoin holdings that had been DCA for 4 years (maybe it's too early to release it but as a small retailer the economic situation is not always friendly), full of twists and turns and indeed as you said it is not easy to win mentally from the fluctuating price situation when the financial condition is getting thinner but I have gone through all that. From the sales I managed to build my dream house.

Now facing the next 4 years I will start DCA again with full preparation from before, with strategies and all the shortcomings that have been evaluated.

I secretly learned a lot from all your opinions about DCA.

Congratulations on your building that's a Good news especially if you from Nigeria.
Your statement I will start means you haven't started yet and it's quite risky been a Nocoiner
Now you can't buy even at the price you sold.
Mind you am not against your decision but atleast I think leaving some wouldn't had hurt.

Aside hurt it’s advisable not to clear everything base on bitcoin price growing gradually, starting might be difficult currently whereby an investor starts from zero point. I guess sometimes withdrawing strategy is totally different from dca and not so easy. It’s pretty nice to know about bitcoin profit making besides 4 years is so long it seems few are ready to sell now but if they’ve gotten to a balanced level selling can be considered.

[Sexylizzy2813]

Bitcoin price is gradually becoming consistent in giving us the green sign and the growth is something we have to appreciate and with time we might be seeing the ATH and a new one before the end of this month. This month is better than 2 to 3 months ago because by this time last month we saw the market price going down without any sign of changing the figure. It seems we might see October dropping the market price at $75k+ or a much higher amount like $80k, that's if there's still time but I believe before the end of this month base on how fast the market price is going we might see Bitcoin price at $70k and it won't show any familiar figure like the $60k or $65k, now Bitcoin price is $68k which I see as a positive move but before the end of this week it might make a positive move to the ATH ($73k).

[Ambatman]

Bitcoin price is gradually becoming consistent in giving us the green sign and the growth is something we have to appreciate and with time we might be seeing the ATH and a new one before the end of this month. This month is better than 2 to 3 months ago because by this time last month we saw the market price going down without any sign of changing the figure. It seems we might see October dropping the market price at $75k+ or a much higher amount like $80k, that's if there's still time but I believe before the end of this month base on how fast the market price is going we might see Bitcoin price at $70k and it won't show any familiar figure like the $60k or $65k, now Bitcoin price is $68k which I see as a positive move but before the end of this week it might make a positive move to the ATH ($73k).

Personally still believe last month was better for Now.
Well the reason is because it broke a low likelihood of occurrence
That's closing in Green and outperforming the previous month.
I think they are running out of meaningful FUD but I'm still positive with our closing this year and bullishly positive about 2025
The bull is getting wings.

[JayJuanGee]

So even if they might say that they are ready for either up or down prices, they might end up not really being prepared because they ended up over-investing in light of their own mental preparedness.

Halving 2024 I released all Bitcoin holdings that had been DCA for 4 years (maybe it's too early to release it but as a small retailer the economic situation is not always friendly), full of twists and turns and indeed as you said it is not easy to win mentally from the fluctuating price situation when the financial condition is getting thinner but I have gone through all that. From the sales I managed to build my dream house.

Now facing the next 4 years I will start DCA again with full preparation from before, with strategies and all the shortcomings that have been evaluated.

I secretly learned a lot from all your opinions about DCA.

One thing is to spend 4 years establishing a bitcoin position, and another thing is to take that accumulated BTC and to put it into a house (or other kind of residential property).  

I doubt that a house is going to even come close to being able to hold its value as well as BTC, especially since we can look at BTC and look at various house prices (including median house prices), and seen that the quantity of BTC to buy such median house prices has reduced stupendously over the past 4-13 years, and so if we are considering finances, it may well be problematic to cash out too many BTC too soon in order to buy a house, yet surely I would suspect that the longer that we are into bitcoin, the more likely a smaller and smaller portion of our BTC stash size would be needed to buy (or build) our "dream house."

Each of us is responsible for our own choices in this regard, and I understand that so many folks are eager to get into a house, and frequently it seems to me that they end up selling way too many BTC too soon based on their lack of patience.

So even if they might say that they are ready for either up or down prices, they might end up not really being prepared because they ended up over-investing in light of their own mental preparedness.

Halving 2024 I released all Bitcoin holdings that had been DCA for 4 years (maybe it's too early to release it but as a small retailer the economic situation is not always friendly), full of twists and turns and indeed as you said it is not easy to win mentally from the fluctuating price situation when the financial condition is getting thinner but I have gone through all that. From the sales I managed to build my dream house.

Now facing the next 4 years I will start DCA again with full preparation from before, with strategies and all the shortcomings that have been evaluated.

I secretly learned a lot from all your opinions about DCA.

Congratulations on your building that's a Good news especially if you from Nigeria.
Your statement I will start means you haven't started yet and it's quite risky been a Nocoiner
Now you can't buy even at the price you sold.
Mind you am not against your decision but atleast I think leaving some wouldn't had hurt.

Yep.. None of us should be bragging about turning ourselves into a no coiner, especially when it is quite likely we spend 4 years or more building up our BTC holdings and then we put our value into something (such as residential property) that is likely not going to even be close to as good of a place to retain the value.. as compared to bitcoin...  

I don't have any problem with considering to use something like 25% of the BTC stash to buy a house or some kind of an amount of BTC in that territory, but using anything close to 100% of a guy's BTC stash to buy a house, seems quite problematic and even quite premature in terms of feeling a need to rush to get into a house when likely a bit more deferred gratification would have likely been much more financially advantageous.. .. yet at the same time, each of us has to make our own decisions in regards to: 1) how we accumulate bitcoin, 2) how we might choose to maintain our BTC holdings and 3) how we might end up liquidating some, most or all of such BTC holdings... including that if we screw things up in regards to our consumption and/or other investments, then we have to live with the consequences of such screw up, even if we are rationalizing in regards to whatever choice(s) we ended up making. that might have some short-term benefits yet may or may not end up appearing as great in terms of the longer term.. and yeah, sure some folks might not be in a position to defer gratification, so each of us has to figure out what kind of balancing we are going to employ when it comes to accumulation, maintenance and/or liquidation of BTC.

[summonerrk]

So even if they might say that they are ready for either up or down prices, they might end up not really being prepared because they ended up over-investing in light of their own mental preparedness.

Halving 2024 I released all Bitcoin holdings that had been DCA for 4 years (maybe it's too early to release it but as a small retailer the economic situation is not always friendly), full of twists and turns and indeed as you said it is not easy to win mentally from the fluctuating price situation when the financial condition is getting thinner but I have gone through all that. From the sales I managed to build my dream house.

Now facing the next 4 years I will start DCA again with full preparation from before, with strategies and all the shortcomings that have been evaluated.

I secretly learned a lot from all your opinions about DCA.

It's nice to hear and I want to congratulate you on this purchase. You probably sold all your Bitcoins because you needed to, because it seems more reasonable to me to leave some of them, because we have 100k ahead of us: the US elections, October, and the like.
But if you bought it, then it was necessary right now. In this case, I hope that due to this purchase you will not have to pay rent to strangers and because of this you will have new extra money, which will allow you to invest again.
I just admit that I can hardly imagine my life without it.

[Justbillywitt]

So even if they might say that they are ready for either up or down prices, they might end up not really being prepared because they ended up over-investing in light of their own mental preparedness.

Halving 2024 I released all Bitcoin holdings that had been DCA for 4 years (maybe it's too early to release it but as a small retailer the economic situation is not always friendly), full of twists and turns and indeed as you said it is not easy to win mentally from the fluctuating price situation when the financial condition is getting thinner but I have gone through all that. From the sales I managed to build my dream house.

Now facing the next 4 years I will start DCA again with full preparation from before, with strategies and all the shortcomings that have been evaluated.

Well I will say that the mistake has been made already. The best approach would have been to sell part of the bitcoin you have held for the past 4 years, instead of selling all at once and having no bitcoin at your possession. You will agree with me that you can't get bitcoin at the price you got it 4 years ago. And for you to get that amount of bitcoin in today's market reality you find out you are going to spend more money than what you even sold it for. The best approach was to sell the profit you got from the investment you made in that 4 years of holding, since you had need to take from your investment, after your successful holding of a circle. You should have kept part that was equivalent to your capital invested. A good famer don't eat up his seed, and start looking for where to get seed in the next planting season. He always reserve his seeds.

[Sim_card]

So even if they might say that they are ready for either up or down prices, they might end up not really being prepared because they ended up over-investing in light of their own mental preparedness.

Halving 2024 I released all Bitcoin holdings that had been DCA for 4 years (maybe it's too early to release it but as a small retailer the economic situation is not always friendly), full of twists and turns and indeed as you said it is not easy to win mentally from the fluctuating price situation when the financial condition is getting thinner but I have gone through all that. From the sales I managed to build my dream house.

Now facing the next 4 years I will start DCA again with full preparation from before, with strategies and all the shortcomings that have been evaluated.

Well I will say that the mistake has been made already. The best approach would have been to sell part of the bitcoin you have held for the past 4 years, instead of selling all at once and having no bitcoin at your possession. You will agree with me that you can't get bitcoin at the price you got it 4 years ago. And for you to get that amount of bitcoin in today's market reality you find out you are going to spend more money than what you even sold it for. The best approach was to sell the profit you got from the investment you made in that 4 years of holding, since you had need to take from your investment, after your successful holding of a circle. You should have kept part that was equivalent to your capital invested. A good famer don't eat up his seed, and start looking for where to get seed in the next planting season. He always reserve his seeds.

Maybe, naira should have waited a little till when bitcoin price reachws 100k before selling, so that he could have sold 60% of his portfolio for building his house and continue hodling the other 40%, while he keeps on buying to add to it constantly with DCA method like he said he will start all over again to start accumulating from the crash.

However, we have our own right to make our own decisions and plans for our bitcoin investment. Since a house is part of the basic needs of life, and he has finally achieved that, it is good. I will prefer to build and grow my bitcoin investment, and at the same time try having various source of income that I can depend on to take care of whatever responsibilities so that I don't think of selling way too soon to achieve something great, but rather hodli for very long whereas, I can shave profits little by little from time to time when I feel that I have more than enough bitcoin, so that I can continue to benefit from the compounding effect of bitcoin.

[Pi-network314159]

So even if they might say that they are ready for either up or down prices, they might end up not really being prepared because they ended up over-investing in light of their own mental preparedness.

Halving 2024 I released all Bitcoin holdings that had been DCA for 4 years (maybe it's too early to release it but as a small retailer the economic situation is not always friendly), full of twists and turns and indeed as you said it is not easy to win mentally from the fluctuating price situation when the financial condition is getting thinner but I have gone through all that. From the sales I managed to build my dream house.

Now facing the next 4 years I will start DCA again with full preparation from before, with strategies and all the shortcomings that have been evaluated.

Well I will say that the mistake has been made already. The best approach would have been to sell part of the bitcoin you have held for the past 4 years, instead of selling all at once and having no bitcoin at your possession. You will agree with me that you can't get bitcoin at the price you got it 4 years ago. And for you to get that amount of bitcoin in today's market reality you find out you are going to spend more money than what you even sold it for. The best approach was to sell the profit you got from the investment you made in that 4 years of holding, since you had need to take from your investment, after your successful holding of a circle. You should have kept part that was equivalent to your capital invested. A good famer don't eat up his seed, and start looking for where to get seed in the next planting season. He always reserve his seeds.

Hahah I guess this user @naira was one of those that help to pull bitcoin down during the last ATH. But I would not blame him much for selling all and not remain some, it could be that he had a 4 years cycle or plan and could have met his target thats why he withdrew. You are right by saying he would have withdraw his profit, but You know in this bitcoin investment everybody is entitled to make their decision, it's more of a free will decition since it's not a pertinaship business/investment. But I think he made some profit to have been able to build a dream house which is also and achievement to him. But I will advice him to allow his portfolio grow for a longer period of time before he can get a tangible amount. Because sometime a 4 years cycle may not even add anything but will reduce or will be staggering around thesame price.

[smelody]

So even if they might say that they are ready for either up or down prices, they might end up not really being prepared because they ended up over-investing in light of their own mental preparedness.

Halving 2024 I released all Bitcoin holdings that had been DCA for 4 years (maybe it's too early to release it but as a small retailer the economic situation is not always friendly), full of twists and turns and indeed as you said it is not easy to win mentally from the fluctuating price situation when the financial condition is getting thinner but I have gone through all that. From the sales I managed to build my dream house.

Now facing the next 4 years I will start DCA again with full preparation from before, with strategies and all the shortcomings that have been evaluated.

I secretly learned a lot from all your opinions about DCA.

Congratulations on your building that's a Good news especially if you from Nigeria.
Your statement I will start means you haven't started yet and it's quite risky been a Nocoiner
Now you can't buy even at the price you sold.
Mind you am not against your decision but atleast I think leaving some wouldn't had hurt.

Aside hurt it’s advisable not to clear everything base on bitcoin price growing gradually, starting might be difficult currently whereby an investor starts from zero point. I guess sometimes withdrawing strategy is totally different from dca and not so easy. It’s pretty nice to know about bitcoin profit making besides 4 years is so long it seems few are ready to sell now but if they’ve gotten to a balanced level selling can be considered.

Now is the time to try to get more grip on your bitcoin holdings. People hoping to get small profits should not put themselves in line and continue with DCA method honestly and for long term. Rather than focusing on price, investors should focus on accumulating bitcoins with a view to increasing their holdings until they touch $100k. $100k is a starting point consideration for running a long-term DCA strategy.

[Cryptoprincess101]

So even if they might say that they are ready for either up or down prices, they might end up not really being prepared because they ended up over-investing in light of their own mental preparedness.

Halving 2024 I released all Bitcoin holdings that had been DCA for 4 years (maybe it's too early to release it but as a small retailer the economic situation is not always friendly), full of twists and turns and indeed as you said it is not easy to win mentally from the fluctuating price situation when the financial condition is getting thinner but I have gone through all that. From the sales I managed to build my dream house.

Now facing the next 4 years I will start DCA again with full preparation from before, with strategies and all the shortcomings that have been evaluated.

I secretly learned a lot from all your opinions about DCA.

Congratulations on your building that's a Good news especially if you from Nigeria.
Your statement I will start means you haven't started yet and it's quite risky been a Nocoiner
Now you can't buy even at the price you sold.
Mind you am not against your decision but atleast I think leaving some wouldn't had hurt.

Exactly what i was thinking as well because i begin to imagine how he can be able to maintain DCAing again since he said the economic condition of his country is not friendly which is one of the major reasons why he sold to build his dream house and still have some left over fund but yet not holding any bitcoin again since he sold all. Everyone is entitled to how they want to go about their investment in bitcoin when their target is met but we should understand that we are still faced with more important things ahead of which we should also be considerate in our decisions so that we don't end up achieving a target and still fall back to suffering again that is why it is advisable not to empty all our treasury in bitcoin. Well, 4 years investment target isn't that bad but now that he has sold all his bitcoin will make him to wait for a DIP before buying again because he will find it difficult to buy higher than the amount he sold and this will delay his time of accumulation which can further lead to either exhausting the amount he intended to start accumulating with again or reducing the principal amount.

[Koadharber]

So even if they might say that they are ready for either up or down prices, they might end up not really being prepared because they ended up over-investing in light of their own mental preparedness.

Halving 2024 I released all Bitcoin holdings that had been DCA for 4 years (maybe it's too early to release it but as a small retailer the economic situation is not always friendly), full of twists and turns and indeed as you said it is not easy to win mentally from the fluctuating price situation when the financial condition is getting thinner but I have gone through all that. From the sales I managed to build my dream house.

Now facing the next 4 years I will start DCA again with full preparation from before, with strategies and all the shortcomings that have been evaluated.

I secretly learned a lot from all your opinions about DCA.

Congratulations on your building that's a Good news especially if you from Nigeria.
Your statement I will start means you haven't started yet and it's quite risky been a Nocoiner
Now you can't buy even at the price you sold.
Mind you am not against your decision but atleast I think leaving some wouldn't had hurt.

Aside hurt it’s advisable not to clear everything base on bitcoin price growing gradually, starting might be difficult currently whereby an investor starts from zero point. I guess sometimes withdrawing strategy is totally different from dca and not so easy. It’s pretty nice to know about bitcoin profit making besides 4 years is so long it seems few are ready to sell now but if they’ve gotten to a balanced level selling can be considered.

Now is the time to try to get more grip on your bitcoin holdings. People hoping to get small profits should not put themselves in line and continue with DCA method honestly and for long term. Rather than focusing on price, investors should focus on accumulating bitcoins with a view to increasing their holdings until they touch $100k. $100k is a starting point consideration for running a long-term DCA strategy.

We do know that not all people would be having the patience on holding up for long term and thats why they would really be that excluding Bitcoin into their portfolio but rather they would really be focusing
into altcoins on which it could potentially be able to make some considerable multipliers in speaking about potential gains but of course when it comes to assurance or having that security then we can
really be able to tell that Bitcoin is really always the best option but of course its not something 100% guarantee that you wont be able to lose money because no one really knows on what would happen in the future. As for $100k price then its something that inevitable because if we do base up on how Bitcoin move in every cycle then you could be confidently be able to say or tell that it could reach up
on this current cycle but not all will really be selling out into that point but rather aiming for higher ones.

[tiCeR]

...

I know that many of us might get lured into believing that some of the folks who were able to get rich quick or surprisingly have a great streak of luck are representative of what could happen to us or to normal people, and generally the get rich quick folks are not representative of what we should be striving to achieve, even if there could be some possibilities that we might end up getting ourselves into a position in which we end up being able to disproportionately benefit from whatever preparations and/or investment stake into bitcoin (or whatever else.. not referring to shitcoins) that we might end up allocating our time, energies and our value.

Many times it is way better for most of us to be putting efforts into creating some strong financial and/or psychological bases prior to engaging in any kinds of higher risk investments, and surely bitcoin is already a decently high risk area to be investing, even though surely its more than 15 years of existence has brought a lot of credibility to it, and there still are a lot of people, institutions and governments who are way under-allocated to it, without realizing such under-allocation that they have.. which is that they are low coiners and/or no coiners without realizing it.  So the mere fact that some of us are just newly involving ourselves in bitcoin, learning about bitcoin and building our stake in bitcoin puts us in front of a lot of other normies, and even puts us ahead of many institutions and governments... so we are likely going to disproportionately benefit from our early involvement in bitcoin, even if it might take us 4-10 years or longer to really start to significantly build our bitcoin stake and to put ourselves in a position to potentially have more and more luck down the road based on our ongoing preparing ourselves by studying the space and by taking actions to ongoingly, persistently and consistently accumulate bitcoin, even if we are ONLY able to do $100 per week or $10 per week or whatever we are able to reasonably do without overextending ourselves, financially and/or psychologically.

Everything you have pointed out is absolutely comprehensible and I wonder how much the endless possibilities via apps and what not are to blame that people tend so much to jump from one thing to another without giving any of their investment decisions a second thought. On the one hand it's all these possibilities where people get overwhelmed in doing just a single analysis for one asset that they want to stick to. It depends so much on what the hype is, what gets advertised, what is in the media.

As much as BTC's volatility has been a good thing in drawing attention, as much it might have frightened people who are still on the fence to invest in BTC or who have sold during times when they saw their investment value go down for a short period of time only to then see that it went back up. I can understand some folks because they refrain from putting in some least amount of effort and rather stick to what the hottest online newspaper has to tell them about bitcoin.

The worst part is that some of the Silicon Valley billionaires like Chamath Palihapitiya or others like Mike Novogratz have long been big advocates for bitcoin only to then turn against it or at least use some pessimistic language. If their followers have grown their portfolio along with them, they might as well take their words very seriously when these idiots say that now it is suddenly dead. That is why I think that at least a little effort to find some neutral source should be reasonable. It is good to see though that the weight of their words have been on a decline although I have no idea how many people still follow their advice and rather stay away from BTC or jump ship whenever the billionaires raise their voice again.

I still think that governments and institutions/organizations would hold back as much as they can about any accumulation they have been doing over the last few years. I doubt that their involvement in bitcoin is so low as someone could think given how seldomly those actors talk about it. Most of them could probably do straw purchases and would only make their position public once they deem their position to be sufficient. By now they would have either stopped bitcoin or acquired some. I don't think that the vast majority has been fully ignorant or dismissive about it. Certainly not most of the governments.

[Stablexcoin]

...

I know that many of us might get lured into believing that some of the folks who were able to get rich quick or surprisingly have a great streak of luck are representative of what could happen to us or to normal people, and generally the get rich quick folks are not representative of what we should be striving to achieve, even if there could be some possibilities that we might end up getting ourselves into a position in which we end up being able to disproportionately benefit from whatever preparations and/or investment stake into bitcoin (or whatever else.. not referring to shitcoins) that we might end up allocating our time, energies and our value.

Many times it is way better for most of us to be putting efforts into creating some strong financial and/or psychological bases prior to engaging in any kinds of higher risk investments, and surely bitcoin is already a decently high risk area to be investing, even though surely its more than 15 years of existence has brought a lot of credibility to it, and there still are a lot of people, institutions and governments who are way under-allocated to it, without realizing such under-allocation that they have.. which is that they are low coiners and/or no coiners without realizing it.  So the mere fact that some of us are just newly involving ourselves in bitcoin, learning about bitcoin and building our stake in bitcoin puts us in front of a lot of other normies, and even puts us ahead of many institutions and governments... so we are likely going to disproportionately benefit from our early involvement in bitcoin, even if it might take us 4-10 years or longer to really start to significantly build our bitcoin stake and to put ourselves in a position to potentially have more and more luck down the road based on our ongoing preparing ourselves by studying the space and by taking actions to ongoingly, persistently and consistently accumulate bitcoin, even if we are ONLY able to do $100 per week or $10 per week or whatever we are able to reasonably do without overextending ourselves, financially and/or psychologically.

Very comprehensive and educative comment so far. I got more interested in the part where you talked about Bitcoin being a decent but high-risk investment which many folks jump into without proper preparations in terms of gaining knowledge and having a comfortable business or job that can give them enough capital to invest in. Frankly speaking, there is more to Bitcoin apart from the primary nature of it. Having a realistic mindset towards it will surely yield good results. The reason why I say this is because I have come to notice that people who got rich quickly in Bitcoin was because they have a realistic mindset, and most of them got lucky at the appropriate time. Without their mindset and consistency in Bitcoin, they would have not been lucky enough to get rich. It's not a mystery or a fairy tale, it was a preparation that meets luck. Imagine a scenario where Bitcoin moves directly to 300k what will those who didn't invest but procrastinate say those who have invested in it might become rich luckily even those who just started a few days, weeks, or months depending on the amount they had invested.

[JayJuanGee]

...

I know that many of us might get lured into believing that some of the folks who were able to get rich quick or surprisingly have a great streak of luck are representative of what could happen to us or to normal people, and generally the get rich quick folks are not representative of what we should be striving to achieve, even if there could be some possibilities that we might end up getting ourselves into a position in which we end up being able to disproportionately benefit from whatever preparations and/or investment stake into bitcoin (or whatever else.. not referring to shitcoins) that we might end up allocating our time, energies and our value.

Many times it is way better for most of us to be putting efforts into creating some strong financial and/or psychological bases prior to engaging in any kinds of higher risk investments, and surely bitcoin is already a decently high risk area to be investing, even though surely its more than 15 years of existence has brought a lot of credibility to it, and there still are a lot of people, institutions and governments who are way under-allocated to it, without realizing such under-allocation that they have.. which is that they are low coiners and/or no coiners without realizing it.  So the mere fact that some of us are just newly involving ourselves in bitcoin, learning about bitcoin and building our stake in bitcoin puts us in front of a lot of other normies, and even puts us ahead of many institutions and governments... so we are likely going to disproportionately benefit from our early involvement in bitcoin, even if it might take us 4-10 years or longer to really start to significantly build our bitcoin stake and to put ourselves in a position to potentially have more and more luck down the road based on our ongoing preparing ourselves by studying the space and by taking actions to ongoingly, persistently and consistently accumulate bitcoin, even if we are ONLY able to do $100 per week or $10 per week or whatever we are able to reasonably do without overextending ourselves, financially and/or psychologically.

Very comprehensive and educative comment so far. I got more interested in the part where you talked about Bitcoin being a decent but high-risk investment which many folks jump into without proper preparations in terms of gaining knowledge and having a comfortable business or job that can give them enough capital to invest in.

I doubt that I am saying to wait before investing into bitcoin, even though I am saying get started investing in bitcoin as soon as possible within the confines of your discretionary/disposable income.  So any aspect emphasizing waiting, learning or getting comfie. .That is not me.  You are reading into what I say if you are believing that I am saying that.

Frankly speaking, there is more to Bitcoin apart from the primary nature of it. Having a realistic mindset towards it will surely yield good results.

Getting started yields good results, and tailoring your investment to your situation yields good results.  The learning can happen as you are investing rather than presuming that preparation and mindset needs to be established prior to investing into BTC.  The most you need to get started investing into bitcoin is realizing that you have a discretionary income.  If you do not have any discretionary income then you have to increase your income and/or cut your expenses.   

The reason why I say this is because I have come to notice that people who got rich quickly in Bitcoin was because they have a realistic mindset, and most of them got lucky at the appropriate time.

Sometimes if we are taking action and we are investing in something like bitcoin, we may well get lucky that the BTC price goes up in price after we were able to establish a decently good sized bitcoin stake.

Without their mindset and consistency in Bitcoin, they would have not been lucky enough to get rich.

That is true, and even before they got into bitcoin, they probably had put themselves into a position that they had money they could invest into bitcoin.  Perhaps they were saving and/or investing, so when they heard about bitcoin, they had some extra money that they were able to redirect into bitcoin rather than where the money had been prior to their hearing about bitcoin.

It's not a mystery or a fairy tale, it was a preparation that meets luck. Imagine a scenario where Bitcoin moves directly to 300k what will those who didn't invest but procrastinate say those who have invested in it might become rich luckily even those who just started a few days, weeks, or months depending on the amount they had invested.

Going to $300k is not a very BIG move from here.. That is merely about a 5x.

[cryptoWODL]

The reason why I say this is because I have come to notice that people who got rich quickly in Bitcoin was because they have a realistic mindset, and most of them got lucky at the appropriate time.

One of the reasons why most of them got lucky at the right time is that they were never too late to buy Bitcoin i.e. they never thought that the best time for Bitcoin would come. A trend among them was that all times are the best time to buy bitcoins and anytime you can buy bitcoins if you have the financial capacity.

Imagine a scenario where Bitcoin moves directly to 300k what will those who didn't invest but procrastinate say those who have invested in it might become rich luckily even those who just started a few days, weeks, or months depending on the amount they had invested.

This chart proves that the price of Bitcoin has been steadily increasing since its inception. The way Bitcoin price rose from 2009 to 2024 was perhaps unimaginable. Those who still failed to buy or invest in Bitcoin during this time are constantly regretting it. Likewise, if the price of Bitcoin hits $300k as you imagine, even if no one buys Bitcoin for investment, they may later regret not investing in Bitcoin. If you don't invest, if you see someone else investing and think that person is lucky, then maybe that will be biggest failure, Because you missed the time to invest even though had ample opportunity, it's natural to regret it.

[laijsica]

I doubt that I am saying to wait before investing into bitcoin, even though I am saying get started investing in bitcoin as soon as possible within the confines of your discretionary/disposable income.  So any aspect emphasizing waiting, learning or getting comfie. .That is not me.  You are reading into what I say if you are believing that I am saying that.

Investors tend not to adhere to well-defined periods to follow the Bitcoin investment timing process, but the decision to continue depositing from the moment they decide can be very fruitful if it has discretionary money. Some investors overestimate bearishness, which can cause their investments to lag behind bull runs. An investor should gradually invest part of the income from a job or business to build up a modest holding by investing in Bitcoin. @JayJuanGee You always advise us that there should be a balance between running bitcoin deposits with real assets.

But for small investors like us, it becomes very difficult to control ourselves during bull runs and we tend to regret having more holdings during every bull run.
If we had more Bitcoin stash, we would be able to manage investments more positively in the future. So through patience every investor should try to get a decent portfolio and try to be careful to get more holdings by accumulating for long term rather than tending to get more profit in just few months.

[Popkon6]

The reason why I say this is because I have come to notice that people who got rich quickly in Bitcoin was because they have a realistic mindset, and most of them got lucky at the appropriate time.

One of the reasons why most of them got lucky at the right time is that they were never too late to buy Bitcoin i.e. they never thought that the best time for Bitcoin would come. A trend among them was that all times are the best time to buy bitcoins and anytime you can buy bitcoins if you have the financial capacity.

Imagine a scenario where Bitcoin moves directly to 300k what will those who didn't invest but procrastinate say those who have invested in it might become rich luckily even those who just started a few days, weeks, or months depending on the amount they had invested.

This chart proves that the price of Bitcoin has been steadily increasing since its inception. The way Bitcoin price rose from 2009 to 2024 was perhaps unimaginable. Those who still failed to buy or invest in Bitcoin during this time are constantly regretting it. Likewise, if the price of Bitcoin hits $300k as you imagine, even if no one buys Bitcoin for investment, they may later regret not investing in Bitcoin. If you don't invest, if you see someone else investing and think that person is lucky, then maybe that will be biggest failure, Because you missed the time to invest even though had ample opportunity, it's natural to regret it.

You notice that people who have invested in Bitcoin since 2010 are successful today, because the price of Bitcoin has continued to rise. Still there is plenty of opportunity to invest in Bitcoin only with strategy you can be successful, that's why you need to use the DCA method. It is best to succeed in Bitcoin investing by adopting the DCA strategy alone.  Because large investors and small investors both new and old investors can succeed by following the DCA strategy.
So if you want to invest in Bitcoin, it is better to invest anytime, because from 2010 to 2024, watch Bitcoin's lick because it has always run upward, so there is still enough time to invest in Bitcoin. Because we can find out from these four that it is possible to succeed in investing in Bitcoin.

[sotelorene]

The reason why I say this is because I have come to notice that people who got rich quickly in Bitcoin was because they have a realistic mindset, and most of them got lucky at the appropriate time.

One of the reasons why most of them got lucky at the right time is that they were never too late to buy Bitcoin i.e. they never thought that the best time for Bitcoin would come. A trend among them was that all times are the best time to buy bitcoins and anytime you can buy bitcoins if you have the financial capacity.

Imagine a scenario where Bitcoin moves directly to 300k what will those who didn't invest but procrastinate say those who have invested in it might become rich luckily even those who just started a few days, weeks, or months depending on the amount they had invested.

This chart proves that the price of Bitcoin has been steadily increasing since its inception. The way Bitcoin price rose from 2009 to 2024 was perhaps unimaginable. Those who still failed to buy or invest in Bitcoin during this time are constantly regretting it. Likewise, if the price of Bitcoin hits $300k as you imagine, even if no one buys Bitcoin for investment, they may later regret not investing in Bitcoin. If you don't invest, if you see someone else investing and think that person is lucky, then maybe that will be biggest failure, Because you missed the time to invest even though had ample opportunity, it's natural to regret it.

You notice that people who have invested in Bitcoin since 2010 are successful today, because the price of Bitcoin has continued to rise. Still there is plenty of opportunity to invest in Bitcoin only with strategy you can be successful, that's why you need to use the DCA method. It is best to succeed in Bitcoin investing by adopting the DCA strategy alone.  Because large investors and small investors both new and old investors can succeed by following the DCA strategy.
So if you want to invest in Bitcoin, it is better to invest anytime, because from 2010 to 2024, watch Bitcoin's lick because it has always run upward, so there is still enough time to invest in Bitcoin. Because we can find out from these four that it is possible to succeed in investing in Bitcoin.

I think years back the DCA strategy was not effective because the price was kinda affordable compare to now and i believe most investors back then where lump summing, I mean back then one can get some numbers of Bitcoin with $5k but right now it's entirely a different case, that's why the DCA method is now advisable to use in accumulating, to help an investor grow their portfolio on a slow and steady approach and one of the funny thing about this investment is that if one doesn't follow suit now it is also going to be difficult to grow one's portfolio in years coming because of the height Bitcoin will attain then so those who are still procrastinating is wasting their time though they can invest anytime but there's really going to be a difference.