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Author Topic: Road to 100k?  (Read 11451 times)
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September 12, 2024, 03:59:00 PM
 #1521

It's a fact, things are always like this with bitcoin, there are people who still don't believe in bitcoin and I find it incredible, I am a person who has always believed in bitcoin, but it is difficult to make someone who has no financial education whatsoever and who only believe in the traditional economic model think correctly, and that is what counts the most, because they only turn on when they see bitcoin above $100k, when that happens which I know will be soon, because that is where they will react, but I still think that the DCA method will continue to be the best.
People who don't trust bitcoin because this coin fluctuates too much or they don't consider coins as a safe asset, this person will certainly be skeptical but let them realize for themselves how important it is to invest in bitcoin that can be controlled by themselves.

When the price is $100K the news will spread all over the world, people don't know anything about bitcoin they will invest because they see such a short profit and high increase, people like this will be FOMO usually will not be able to face the market crash.

We stay focused on our own plans to do DCA strategies all the time because this is one way to accumulate more bitcoin in a simple way and does not need to spend a lot of money, in the sense of adjusting our abilities about DCA purchases.

R


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JayJuanGee
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September 12, 2024, 04:26:58 PM
 #1522

[edited out]
This advice is not worth it, it has a focus/vision but lacks investment dynamism and safety, what is the ultimate goal of Bitcoin price moving up in multiples did not happen, what will be the fate of the investment? So you are wrong to have said we should disregard the price of Bitcoin, if we do that, what type of investor are we? No matter what you think of Bitcoin, you should always have your factor of safety, your investment safety should be your number one goal, and this is why you need the right risk management as you invest.

Tell me, where is the risk management if you do not consider the price of Bitcoin to plan the investment rightly? The DCA investment approach is certainly good as it would help you to average your earnings and risks, but it will be painful at the end of the day if you hardly gain anything from your investment strategy due to the inability of the asset to perform. This is why the price is key. You should also learn the market pattern to assist in speculation and know the right time for the investment (DCA or not).
You seem to either not understand what is DCA or you are purposefully convoluting DCA with ideas of trading.
I'm experienced in the world of trading and investing to know the difference between the two and the fact that our view didn't align doesn't make me less right. This is the same mistake you always make thinking I mistake trading for investing but still didn't change anything because I stand with what I wrote, it's my philosophy of investment and the DCA approach and is working for me. However, I suspect that you are static with the investment approaches, but I am not. I am flexible and dynamic, maybe you should soften things and vary them sometimes and you will discover enough working principles in investing that are not generally covered with what most people read or watch. You can be creative about it and twist it for more productivity.

You feel that I am more static, but you are not really saying anything in terms of whatever it is that you are suggesting, except that you believe that guys need to ready willing and able to trade, and there is no reason for me to agree with you about that.

Traders can do whatever they like, and find out if their techniques work or not as compared with a more straight-forward DCA approach.

Each of us is free to tailor our approach to our situation, and if guys might have goals to accumulate BTC, yet they are engaging in selling BTC in order to accumulate BTC rather than mostly focusing on various buying techniques, that is their choice, as you seem to believe that selling BTC is a way to accumulate BTC, that is your choice to employ those kinds of smarter than everyone tactics, which I consider to be gambling and overly risk taking for an overwhelming majority of people to attempt to employ those kinds of more complicated techniques, yet they (and you too) are free to do whatever they (you) like, even mostly dumb and gambling things like that.

When you are talking about and promoting your various selling and/or trading and/or smarter than everyone else mostly vague approaches to BTC in a thread like this, then you are like to get some push back, even if you proclaim that you know what you are doing (which I have no problem with that), yet you ongoingly tend to promote your vague ideas as if they were generally applicable, which there is no way that they could be when you are not exactly specifying what it is that you do, except for proclaiming that you are doing more of a smart DCA, which involves selling and attemping to play BTC price waves.

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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September 12, 2024, 07:27:49 PM
Merited by JayJuanGee (1)
 #1523

[edited out]
This advice is not worth it, it has a focus/vision but lacks investment dynamism and safety, what is the ultimate goal of Bitcoin price moving up in multiples did not happen, what will be the fate of the investment? So you are wrong to have said we should disregard the price of Bitcoin, if we do that, what type of investor are we? No matter what you think of Bitcoin, you should always have your factor of safety, your investment safety should be your number one goal, and this is why you need the right risk management as you invest.

Tell me, where is the risk management if you do not consider the price of Bitcoin to plan the investment rightly? The DCA investment approach is certainly good as it would help you to average your earnings and risks, but it will be painful at the end of the day if you hardly gain anything from your investment strategy due to the inability of the asset to perform. This is why the price is key. You should also learn the market pattern to assist in speculation and know the right time for the investment (DCA or not).
You seem to either not understand what is DCA or you are purposefully convoluting DCA with ideas of trading.
I'm experienced in the world of trading and investing to know the difference between the two and the fact that our view didn't align doesn't make me less right. This is the same mistake you always make thinking I mistake trading for investing but still didn't change anything because I stand with what I wrote, it's my philosophy of investment and the DCA approach and is working for me. However, I suspect that you are static with the investment approaches, but I am not. I am flexible and dynamic, maybe you should soften things and vary them sometimes and you will discover enough working principles in investing that are not generally covered with what most people read or watch. You can be creative about it and twist it for more productivity.

You feel that I am more static, but you are not really saying anything in terms of whatever it is that you are suggesting, except that you believe that guys need to ready willing and able to trade, and there is no reason for me to agree with you about that.

Traders can do whatever they like, and find out if their techniques work or not as compared with a more straight-forward DCA approach.

Honestly I don't see you as someone who is being static here because you are actually sticking to what works for you and stood by it while @EarnOnVictor is actually combining the idea of trading and investing so if that actually works for him is fine but not by saying that you don't want to change your mind on something that works for you, i mean it will be unprofessional for someone to either leave what works for them and engage in a risky means of investing called trading or to combine the idea of trading and investing at same time.

Each of us is free to tailor our approach to our situation, and if guys might have goals to accumulate BTC, yet they are engaging in selling BTC in order to accumulate BTC rather than mostly focusing on various buying techniques, that is their choice, as you seem to believe that selling BTC is a way to accumulate BTC, that is your choice to employ those kinds of smarter than everyone tactics, which I consider to be gambling and overly risk taking for an overwhelming majority of people to attempt to employ those kinds of more complicated techniques, yet they (and you too) are free to do whatever they (you) like, even mostly dumb and gambling things like that.
Sure everyone has the liberty to follow what they feel is better for them without trying to impose it on others who doesn't believe or buy the idea of following same path as you do, I can't even imagine how someone will accumulate an asset like Bitcoin and still think about trading it again within a short period of time. Don't know if they are still being doubtful about the price of Bitcoin reaching milestones in the future or they are afraid of market fluctuations and feels like investing for a long period of time may appear that they are wasting their time which on the contrary is not a waste of time.

When you are talking about and promoting your various selling and/or trading and/or smarter than everyone else mostly vague approaches to BTC in a thread like this, then you are like to get some push back, even if you proclaim that you know what you are doing (which I have no problem with that), yet you ongoingly tend to promote your vague ideas as if they were generally applicable, which there is no way that they could be when you are not exactly specifying what it is that you do, except for proclaiming that you are doing more of a smart DCA, which involves selling and attemping to play BTC price waves.

I think anyone going in contrary with the idea of investing more in Bitcoin with the DCA, and emphasizing more about trading Bitcoin should consider opening a new thread about such discussions maybe in the trading discussion board instead of bringing it up in a thread where investing and HODLing Bitcoin for long term goals is mostly being discussed. This thread is captioned the road to $100k so I don't know if buying and trading Bitcoin will make us achieve that feet of reaching that milestone so I believe through buying and hodling can only make such milestones be achieved because as we buy and sell it affects the activity of Bitcoin in it's Market prices and either cause a static or a slow movement which can cause delays or inability of the price going towards our speculation of reaching $100k


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September 12, 2024, 08:16:18 PM
Last edit: September 12, 2024, 08:34:45 PM by Salahmu
Merited by JayJuanGee (1)
 #1524

[edited out]
This advice is not worth it, it has a focus/vision but lacks investment dynamism and safety, what is the ultimate goal of Bitcoin price moving up in multiples did not happen, what will be the fate of the investment? So you are wrong to have said we should disregard the price of Bitcoin, if we do that, what type of investor are we? No matter what you think of Bitcoin, you should always have your factor of safety, your investment safety should be your number one goal, and this is why you need the right risk management as you invest.

Tell me, where is the risk management if you do not consider the price of Bitcoin to plan the investment rightly? The DCA investment approach is certainly good as it would help you to average your earnings and risks, but it will be painful at the end of the day if you hardly gain anything from your investment strategy due to the inability of the asset to perform. This is why the price is key. You should also learn the market pattern to assist in speculation and know the right time for the investment (DCA or not).

You seem to either not understand what is DCA or you are purposefully convoluting DCA with ideas of trading.
I'm experienced in the world of trading and investing to know the difference between the two and the fact that our view didn't align doesn't make me less right. This is the same mistake you always make thinking I mistake trading for investing but still didn't change anything because I stand with what I wrote, it's my philosophy of investment and the DCA approach and is working for me.

Actually from your statement JayJuanGee was not wrong in what he was saying because your understanding or perception about DCA seem to be very different from the actual course and aside from that I can't even comprehend what you actually mean by "what if at the end the investors who use DCA end up not getting anything from there strategy, do you mean that DCA is not the right strategy? Or are you actually trying to say that Your trading strategy is more better?, so perhaps this the reason why JayJuanGee responded that way because the statement is very complicated and complex to really understand the whole idea.


However, I suspect that you are static with the investment approaches, but I am not. I am flexible and dynamic, maybe you should soften things and vary them sometimes and you will discover enough working principles in investing that are not generally covered with what most people read or watch. You can be creative about it and twist it for more productivity.

Actually with the level of knowledge and how far I believe JayJuanGee has gone into Bitcoin investment he shouldn't be referred to have been using a static investment strategy and besides DCA is not even a static investment because it has no limitation of what you can invest so long as you are not going above your budget, secondly investment is not about using all the principles that comes your way but what is important is sticking to only what support your investment plan and DCA has not shown to be static investment in anyway.

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September 12, 2024, 09:06:39 PM
 #1525

By alternative income I mean if you are involved in a job or business, a portion of discretionary income from that can be stored in bitcoins through DCA method and till your retirement you will have a huge stash of bitcoins.

I have thought about that too, especially since I do not have a company job where if you don't have it then you are not entitled to retirement, the truth is that because of the current situation in my country which is very bad, so it is better to do freelance work to be able to have or live better day to day, however, with bitcoin a retirement with bitcoin is much better than by any other method, I prefer to buy bitcoin gradually than to contribute to social security in my country where every month you have to pay money, instead of giving money to a government, it is much better to buy bitcoin and that's it, no matter what the price is, buy every month.

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September 12, 2024, 10:18:59 PM
 #1526

By alternative income I mean if you are involved in a job or business, a portion of discretionary income from that can be stored in bitcoins through DCA method and till your retirement you will have a huge stash of bitcoins.

I have thought about that too, especially since I do not have a company job where if you don't have it then you are not entitled to retirement, the truth is that because of the current situation in my country which is very bad, so it is better to do freelance work to be able to have or live better day to day, however, with bitcoin a retirement with bitcoin is much better than by any other method, I prefer to buy bitcoin gradually than to contribute to social security in my country where every month you have to pay money, instead of giving money to a government, it is much better to buy bitcoin and that's it, no matter what the price is, buy every month.

Merging two situations here is difficult meanwhile both ideas don’t match like I’m trying to say bitcoin investing is far different from social security but still it’s best we make the best decision for our investment and one can only make such decision looking at their financial capacity. Bitcoin as a retirement plan should be done when the person is still receiving monthly or weekly salary at the early moment, bitcoin investment has a lot of benefits compared to other investments because there’s a possibility your investment will grow and yield profit for those considering if they should save using bitcoin.

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September 13, 2024, 12:59:47 AM
 #1527

[edited out]
This advice is not worth it, it has a focus/vision but lacks investment dynamism and safety, what is the ultimate goal of Bitcoin price moving up in multiples did not happen, what will be the fate of the investment? So you are wrong to have said we should disregard the price of Bitcoin, if we do that, what type of investor are we? No matter what you think of Bitcoin, you should always have your factor of safety, your investment safety should be your number one goal, and this is why you need the right risk management as you invest.

Tell me, where is the risk management if you do not consider the price of Bitcoin to plan the investment rightly? The DCA investment approach is certainly good as it would help you to average your earnings and risks, but it will be painful at the end of the day if you hardly gain anything from your investment strategy due to the inability of the asset to perform. This is why the price is key. You should also learn the market pattern to assist in speculation and know the right time for the investment (DCA or not).
You seem to either not understand what is DCA or you are purposefully convoluting DCA with ideas of trading.
I'm experienced in the world of trading and investing to know the difference between the two and the fact that our view didn't align doesn't make me less right. This is the same mistake you always make thinking I mistake trading for investing but still didn't change anything because I stand with what I wrote, it's my philosophy of investment and the DCA approach and is working for me. However, I suspect that you are static with the investment approaches, but I am not. I am flexible and dynamic, maybe you should soften things and vary them sometimes and you will discover enough working principles in investing that are not generally covered with what most people read or watch. You can be creative about it and twist it for more productivity.
You feel that I am more static, but you are not really saying anything in terms of whatever it is that you are suggesting, except that you believe that guys need to ready willing and able to trade, and there is no reason for me to agree with you about that.

Traders can do whatever they like, and find out if their techniques work or not as compared with a more straight-forward DCA approach.
Honestly I don't see you as someone who is being static here because you are actually sticking to what works for you and stood by it while @EarnOnVictor is actually combining the idea of trading and investing so if that actually works for him is fine but not by saying that you don't want to change your mind on something that works for you, i mean it will be unprofessional for someone to either leave what works for them and engage in a risky means of investing called trading or to combine the idea of trading and investing at same time.

Since this thread does not exclude presenting ideas of trading, it becomes fair game to talk about ideas of investing versus trading, yet frequently it can become quite difficult for any traders to suggest some systematic way to trade in such a way that it is going to be profitable to sell bitcoin either as a means to gain more bitcoin or as a means to increase performance of bitcoin holdings (potentially gaining fiat from the trading behaviors).  I have no doubt that some traders will have success, yet part of my overall point is that the various trading strategies are not replicable in ways that ongoing buying techniques are replicable. . so in several ways, we can show that merely buying and holding bitcoin has been a profitable strategy and bitcoin has been amongst the best of investments, especially the longer the period of time that we might compare bitcoin to other possible investment assets.  EarnOnVictor seems to be proclaiming that there are techniques that could be even more profitable than a pure buy and hold strategy, and sure that could be true, yet I have my doubts that it is worth it to put bitcoin at risk in order to improve upon bitcoin price performance that historically has already been good, and there is no reason to believe that bitcoin's investment thesis is weakening  - even though EarnOnVictor claims bitcoin's investment thesis is weakening too in terms of bitcoin having lower upside performance possibilities as compared to bitcoin's historical performance. EarnOnVictor is not completely wrong in regards to bitcoin's growth curve likely tapering off, yet I still doubt that it is either worth the risk to sell BTC (or trade) or that the tapering off is so detrimental to BTC's performance to make it an inferior investment in terms of buy and hold, which seems to be another of the implications of his assertions.

Each of us is free to tailor our approach to our situation, and if guys might have goals to accumulate BTC, yet they are engaging in selling BTC in order to accumulate BTC rather than mostly focusing on various buying techniques, that is their choice, as you seem to believe that selling BTC is a way to accumulate BTC, that is your choice to employ those kinds of smarter than everyone tactics, which I consider to be gambling and overly risk taking for an overwhelming majority of people to attempt to employ those kinds of more complicated techniques, yet they (and you too) are free to do whatever they (you) like, even mostly dumb and gambling things like that.
Sure everyone has the liberty to follow what they feel is better for them without trying to impose it on others who doesn't believe or buy the idea of following same path as you do, I can't even imagine how someone will accumulate an asset like Bitcoin and still think about trading it again within a short period of time. Don't know if they are still being doubtful about the price of Bitcoin reaching milestones in the future or they are afraid of market fluctuations and feels like investing for a long period of time may appear that they are wasting their time which on the contrary is not a waste of time.

Maybe I have been pushing back more on EarnOnVictor since he seems to be having these various kinds of seemingly sly ways of trying to suggest that DCA techniques can be improved upon by trading the known swings, which truly might be true, yet I doubt that it is a good idea for most regular people to be fucking around with trying to trade, especially if they have already concluded that they are fairly early in their BTC accumulation journey, and there are a lot of ways that people can screw up their whole BTC accumulation journey when they get distracted away from the employment of ongoing buying techniques and start to consider that they might be able to sell and buy back cheaper, which frequently contributes towards people losing on what should be a winning investment.

When you are talking about and promoting your various selling and/or trading and/or smarter than everyone else mostly vague approaches to BTC in a thread like this, then you are like to get some push back, even if you proclaim that you know what you are doing (which I have no problem with that), yet you ongoingly tend to promote your vague ideas as if they were generally applicable, which there is no way that they could be when you are not exactly specifying what it is that you do, except for proclaiming that you are doing more of a smart DCA, which involves selling and attemping to play BTC price waves.
I think anyone going in contrary with the idea of investing more in Bitcoin with the DCA, and emphasizing more about trading Bitcoin should consider opening a new thread about such discussions maybe in the trading discussion board instead of bringing it up in a thread where investing and HODLing Bitcoin for long term goals is mostly being discussed.

Trading does not seem to be off topic in this particular thread.. even though trading versus investing is also not really the main focus of such a thread in which the thrust seems to be asking about the road to $100k, which surely can conjure up all kinds of ideas that could relate to either trading or investing.   

This thread is captioned the road to $100k so I don't know if buying and trading Bitcoin will make us achieve that feet of reaching that milestone so I believe through buying and hodling can only make such milestones be achieved because as we buy and sell it affects the activity of Bitcoin in it's Market prices and either cause a static or a slow movement which can cause delays or inability of the price going towards our speculation of reaching $100k

Even your description acknowledges that the road to $100k can have a lot of perspectives  that might even include questioning whether it will really happen or even questioning if it is an important milestone or not.

[edited out]
This advice is not worth it, it has a focus/vision but lacks investment dynamism and safety, what is the ultimate goal of Bitcoin price moving up in multiples did not happen, what will be the fate of the investment? So you are wrong to have said we should disregard the price of Bitcoin, if we do that, what type of investor are we? No matter what you think of Bitcoin, you should always have your factor of safety, your investment safety should be your number one goal, and this is why you need the right risk management as you invest.

Tell me, where is the risk management if you do not consider the price of Bitcoin to plan the investment rightly? The DCA investment approach is certainly good as it would help you to average your earnings and risks, but it will be painful at the end of the day if you hardly gain anything from your investment strategy due to the inability of the asset to perform. This is why the price is key. You should also learn the market pattern to assist in speculation and know the right time for the investment (DCA or not).
You seem to either not understand what is DCA or you are purposefully convoluting DCA with ideas of trading.
I'm experienced in the world of trading and investing to know the difference between the two and the fact that our view didn't align doesn't make me less right. This is the same mistake you always make thinking I mistake trading for investing but still didn't change anything because I stand with what I wrote, it's my philosophy of investment and the DCA approach and is working for me.
Actually from your statement JayJuanGee was not wrong in what he was saying because your understanding or perception about DCA seem to be very different from the actual course and aside from that I can't even comprehend what you actually mean by "what if at the end the investors who use DCA end up not getting anything from there strategy, do you mean that DCA is not the right strategy?

Sure, EarnOnVictor is likely showing some of his inabilities to conceive of value in terms of holding onto bitcoin if fiat cannot be extracted from it, so in some sense, he is reflecting the values in which traders will frequently consider that they are profiting through the various dollars that they are extracting from the asset along the way, and surely they want to get back their principle too.

It could be that a trader does not necessarily want to tie up his capital for too long in any particular trade unless he sees it to be profitable, and so will have some difficulties recognizing value in regards to investing that ties up capital for a long period of time...so someone like EarnOnVictor will see even more value if he is able to extract dollar value several times on the up and down price moves, and maybe even extracting value in either direction, and so he is trying to describe such process as being easy and maybe even placing himself in smart person's group who is able to accomplish profits in ways that others are not recognizing and/or executing.

And, so yeah his buy and sell techniques might even be way more profitable more frequently than it is not, yet if BTC  prices go from $53k to $58k and he extracts $1k in profits, he is happy, even if BTC prices end up going up to $74k and don't return to his sell prices. He will just reinvest at some point that he sees a dip and upside potential or perhaps find some other trade, and he might even end up missing out on large BTC upside moves, yet he does not consider them to be losses because he had extracted dollar value from several of them.

I have my doubts whether he or even guys like him outperform the DCAers or the other guys who are mostly just buying and holding, and so several of the BTC buyers/holders/long term investors made multiples and even magnitudes of profits in regards to their strategies, in part due to compounding value, yet frequently the traders are not coming even close to similar levels of profits as compared to bitcoiners who mostly errored on the side of accumulating (through buying only) and holding.

Or are you actually trying to say that Your trading strategy is more better?, so perhaps this the reason why JayJuanGee responded that way because the statement is very complicated and complex to really understand the whole idea.

I doubt that EarnOnVictor's generally vague and smarter than everyone else statements are very replicable, so sure, he might actually have better profits than the average DCAer, but it still seems problematic to be selling trading as if it were some kind of a common sense and basic kind of an approach to bitcoin.

However, I suspect that you are static with the investment approaches, but I am not. I am flexible and dynamic, maybe you should soften things and vary them sometimes and you will discover enough working principles in investing that are not generally covered with what most people read or watch. You can be creative about it and twist it for more productivity.
Actually with the level of knowledge and how far I believe JayJuanGee has gone into Bitcoin investment he shouldn't be referred to have been using a static investment strategy and besides DCA is not even a static investment because it has no limitation of what you can invest so long as you are not going above your budget, secondly investment is not about using all the principles that comes your way but what is important is sticking to only what support your investment plan and DCA has not shown to be static investment in anyway.

It could well be that proclaiming DCA and/or my various discussion points about bitcoin as static is a kind of strawman fallacy, especially since I am not ONLY stuck on ONLY that approach, even though surely many of us recognize that DCA is a very powerful approach that can be very useful for beginner investors, and it even works well for advanced investors too, yet of course, some investors are going to have more tools available to them, especially if they have an ability to consider lump sum investing and also if they have a high level of discretionary income, then they are likely going to have more options too.

I mostly am open to all kinds of BTC buying techniques as a means to accumulate bitcoin, yet I think that one of my differences of opinions with EarnOnVictor is that either he does not really seem to consider accumulation of BTC to be a goal and/or if he does consider accumulation of BTC to be a goal, he considers that selling BTC from time to time can serve as a means to increase the quantity of bitcoin accumulated without necessarily having to invest more dollars in order to accomplish such increasing of the quantity of BTC accumulated.

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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September 13, 2024, 04:30:07 AM
 #1528

Gradually, we are moving a step closer to have bitcoin hit his post halving target, we may not have to really consider the recent bear market, but instead look towards the things to expect at any time time from now.

We should see the clear road to 100k as something visible and coming to reality soon when another strike of bullrun commences anytime from now, we should just be prepared for this, it may be exciting when we achieve it earlier than expected.

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September 13, 2024, 07:29:14 AM
 #1529

Gradually, we are moving a step closer to have bitcoin hit his post halving target, we may not have to really consider the recent bear market, but instead look towards the things to expect at any time time from now.

We should see the clear road to 100k as something visible and coming to reality soon when another strike of bullrun commences anytime from now, we should just be prepared for this, it may be exciting when we achieve it earlier than expected.
That's the positive mindset to keep us going in this lingering dip, knowing that bull run proper is only a matter of time and we'll see Bitcoin price hit $100k and beyond. I've decided not to worry or panic about further dip before price will eventually start to skyrocket because I know that Bitcoin has the potentials to recover and reach ATH, it's not the first time that it will happen. I'm hopeful of seeing $100k between the last quarter of this year and the end of the first quarter of next year. While we're waiting for that to happen, for me it's buy, hodl and wait for as long as it takes.

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September 13, 2024, 08:30:27 AM
 #1530

Gradually, we are moving a step closer to have bitcoin hit his post halving target, we may not have to really consider the recent bear market, but instead look towards the things to expect at any time time from now.

We should see the clear road to 100k as something visible and coming to reality soon when another strike of bullrun commences anytime from now, we should just be prepared for this, it may be exciting when we achieve it earlier than expected.

This month the price movement of Bitcoin itself looks more sluggish, but that is not a bad thing because Bitcoin still has the power to rise again and become more bullish in the market. I am waiting for October and also hoping that the price increase can happen again in that month because I really want to see more Bitcoin purchases in the last quarter of this year so that it can trigger a better Bitcoin price movement before entering next year. And to go to $ 100K I think almost everyone is ready to see that, although there may also be some who regret not wanting to buy Bitcoin at the current price, so before that is really seen in Bitcoin, it is better for everyone to want to continue to collect as much Bitcoin as possible from now.

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September 13, 2024, 09:25:18 AM
Merited by JayJuanGee (1)
 #1531



I'm experienced in the world of trading and investing to know the difference between the two and the fact that our view didn't align doesn't make me less right. This is the same mistake you always make thinking I mistake trading for investing but still didn't change anything because I stand with what I wrote, it's my philosophy of investment and the DCA approach and is working for me.
Actually from your statement JayJuanGee was not wrong in what he was saying because your understanding or perception about DCA seem to be very different from the actual course and aside from that I can't even comprehend what you actually mean by "what if at the end the investors who use DCA end up not getting anything from there strategy, do you mean that DCA is not the right strategy?

I have my doubts whether he or even guys like him outperform the DCAers or the other guys who are mostly just buying and holding, and so several of the BTC buyers/holders/long term investors made multiples and even magnitudes of profits in regards to their strategies, in part due to compounding value, yet frequently the traders are not coming even close to similar levels of profits as compared to bitcoiners who mostly errored on the side of accumulating (through buying only) and holding.

You are right because on a normal sense I don't think there are other principles or strategy that outperform DCA as a long term holding in regards to the measure of profit because if for instance those that claim that they make more better profit in trading than holders, let's say for example they bought when the price was $55k and later on the price move to $60k and maybe they profited $2k and while they keep waiting for the price to position for them to buy again instead the price move very higher possibly to the extent of almost hitting $80k so they will be left with no option but to buy at that price and by that time they will realize that even with the $2k profits they had plus total capital will not even be enough to accumulate the amount of Bitcoin they had during there first entry which is considered as wasted investment, meanwhile the profit that would possibly be reflecting on the portfolio of those who are holding will be much higher because they have a large amount of Bitcoin, so actually this is what most traders who claims they always stand on a better opportunity in gaining than holders needs to understand because if most of them will calculate there losses and profits they will realize that they have not profited anything.


It could be that a trader does not necessarily want to tie up his capital for too long in any particular trade unless he sees it to be profitable, and so will have some difficulties recognizing value in regards to investing that ties up capital for a long period of time...

Traders are so attached to the process of making profit in a quicker way and as such seeing any other method that doesn't work in line with what they want as an unsuitable investment for them which is why they will always object or compare trading with holders without knowing that mathematically holders are the most profitable investment because trading is a win and lose investment while holders portfolio continues to grow as the Bitcoin increases.



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September 13, 2024, 09:35:14 AM
 #1532

Absolutely speaking, instead on wondering whether the price of Bitcoin would drop or rise above 100k before the year ends, what I think is that every investor should get prepared for whatever the outcome maybe, if it gets above 100k as speculated by most investors then it's good for every holder but if it doesn't there's still no need to complain or counter anyone's previous statement since we're all not sure what the outcome may be but we're hoping for the price to Sky rocket above 100k Mark. I see some people saying that they don't think Bitcoin would get to 100k before the year ends and it's too late for that, what I think is that we still got about 3 more months before the year ends and there's a possibility of Bitcoin getting to that point, like I said earlier, let's just get ourselves prepared and see how it goes.
I also agree with you, no one can make sure prediction of Bitcoin. Bitcoin changes direction at its own will. There is no guarantee that Bitcoin will actually go to 100K by the end of this year, but there is some possibility of it in the next year. But we can't say anything for sure. So we have to be prepared for both, because the market can throw unexpected events at any time. So do not rush to invest for the purpose of long term holding. Suppose you decide to hold the investment for a long time, and whether the market conditions are up or down, you only need to focus on holding in the DCA method. The market will not always be bad. Now if it is dumping then there is no reason to fear, it will pump again, and to take advantage of that pumping you simply have to buy the time of the dump. Not only dump this but you have to buy regular using  DCA. then you will find something really good at some point.

You're right, until now we have not found someone who can accurately predict when the price of Bitcoin will increase at the end of this year or next year and I agree with you choosing to prepare yourself, of course, it will be better to continue to focus on the process of accumulating Bitcoin assets according to the ability we have to be able to survive in the long term and choosing to use the DCA method in the process of accumulating Bitcoin, of course, will always be benefit us when we can maintain these assets in the long term.


When you said someone have not accurately predict the price of Bitcoin yet seems you have forgotten that Bitcoin is a very volatile asset which makes its prediction so hard, that's why most traders incur loss due to inaccurate and wrong analysis. Secondly, predicting the market sometimes can be discouraging and it can also bring negative vibes if it doesn't go as predicted and since we are not traders it won't be necessary for us to be worrying about market prediction rather we should focus on making our portfolio.

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September 13, 2024, 10:32:03 AM
 #1533



I'm experienced in the world of trading and investing to know the difference between the two and the fact that our view didn't align doesn't make me less right. This is the same mistake you always make thinking I mistake trading for investing but still didn't change anything because I stand with what I wrote, it's my philosophy of investment and the DCA approach and is working for me.
Actually from your statement JayJuanGee was not wrong in what he was saying because your understanding or perception about DCA seem to be very different from the actual course and aside from that I can't even comprehend what you actually mean by "what if at the end the investors who use DCA end up not getting anything from there strategy, do you mean that DCA is not the right strategy?

I have my doubts whether he or even guys like him outperform the DCAers or the other guys who are mostly just buying and holding, and so several of the BTC buyers/holders/long term investors made multiples and even magnitudes of profits in regards to their strategies, in part due to compounding value, yet frequently the traders are not coming even close to similar levels of profits as compared to bitcoiners who mostly errored on the side of accumulating (through buying only) and holding.

You are right because on a normal sense I don't think there are other principles or strategy that outperform DCA as a long term holding in regards to the measure of profit because if for instance those that claim that they make more better profit in trading than holders, let's say for example they bought when the price was $55k and later on the price move to $60k and maybe they profited $2k and while they keep waiting for the price to position for them to buy again instead the price move very higher possibly to the extent of almost hitting $80k so they will be left with no option but to buy at that price and by that time they will realize that even with the $2k profits they had plus total capital will not even be enough to accumulate the amount of Bitcoin they had during there first entry which is considered as wasted investment, meanwhile the profit that would possibly be reflecting on the portfolio of those who are holding will be much higher because they have a large amount of Bitcoin, so actually this is what most traders who claims they always stand on a better opportunity in gaining than holders needs to understand because if most of them will calculate there losses and profits they will realize that they have not profited anything.


It could be that a trader does not necessarily want to tie up his capital for too long in any particular trade unless he sees it to be profitable, and so will have some difficulties recognizing value in regards to investing that ties up capital for a long period of time...

Traders are so attached to the process of making profit in a quicker way and as such seeing any other method that doesn't work in line with what they want as an unsuitable investment for them which is why they will always object or compare trading with holders without knowing that mathematically holders are the most profitable investment because trading is a win and lose investment while holders portfolio continues to grow as the Bitcoin increases.




Exactly the point, how would someone even compare trading and hodling profitability, to me it sound so absurd and unrealistic, it is an establishment fact that the tendency of losing all your capiatal is very high and no matter the profit you make sometimes in trading which doesn't come always both trading and hodling cant be compared in terms of profit, the profit will be made by a holder will always surpass that of a trader, for instance a holder who has since bought his Bitcoin at a lower price when bitcoin was in a very dip price and continue holding until Bitcoin price reach very high in the future, will you compare such investor with with a trader whose mindset is for a shoterm profit thats uncertain, I dont think its possible.
I think people should do this things practically before they compare because I believe that any trader that understands this fact won't think of making this kind of comparison, comparing something that's highly unrealistic and something that we already know what the future says about it, is just like a joke for me.

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September 13, 2024, 10:33:29 AM
Last edit: September 13, 2024, 02:38:41 PM by MainIbem
Merited by GiftedMAN (1)
 #1534


I also agree with you, no one can make sure prediction of Bitcoin. Bitcoin changes direction at its own will. There is no guarantee that Bitcoin will actually go to 100K by the end of this year, but there is some possibility of it in the next year. But we can't say anything for sure. So we have to be prepared for both, because the market can throw unexpected events at any time. So do not rush to invest for the purpose of long term holding. Suppose you decide to hold the investment for a long time, and whether the market conditions are up or down, you only need to focus on holding in the DCA method. The market will not always be bad. Now if it is dumping then there is no reason to fear, it will pump again, and to take advantage of that pumping you simply have to buy the time of the dump. Not only dump this but you have to buy regular using  DCA. then you will find something really good at some point.

You're right, until now we have not found someone who can accurately predict when the price of Bitcoin will increase at the end of this year or next year and I agree with you choosing to prepare yourself, of course, it will be better to continue to focus on the process of accumulating Bitcoin assets according to the ability we have to be able to survive in the long term and choosing to use the DCA method in the process of accumulating Bitcoin, of course, will always be benefit us when we can maintain these assets in the long term.

When you said someone have not accurately predict the price of Bitcoin yet seems you have forgotten that Bitcoin is a very volatile asset which makes its prediction so hard, that's why most traders incur loss due to inaccurate and wrong analysis. Secondly, predicting the market sometimes can be discouraging and it can also bring negative vibes if it doesn't go as predicted and since we are not traders it won't be necessary for us to be worrying about market prediction rather we should focus on making our portfolio.

We're on the same page bro and that's why I made that statement cause I'm already aware that volatility makes it uneasy for one to accurately predict the price of Bitcoin at any point in time, one can only speculate and sometimes it may come correct as speculated, that is to say that anyone could be lucky when it comes to predicting the price of Bitcoin. Well it's normal for humans to get discouraged when things doesn't work as planned but when it comes to Bitcoin investment, people shouldn't be discouraged when their analysis doesn't favour them rather they should channel that energy into continuous hodling and accumulating more since Bitcoin investment is best for a long-term purpose, except maybe their using Bitcoin for a short-term goal which is not the initial purpose for Bitcoin investment. Initially, Bitcoin wasn't mean for short-term goals (trading) so traders using Bitcoin are just doing it at their own risk, long-term plan is the best when it comes to Bitcoin investment which is buying and holding in your portfolio as well as accumulating more over time with different methods.

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EarnOnVictor
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September 13, 2024, 12:33:28 PM
Last edit: September 13, 2024, 04:54:38 PM by EarnOnVictor
 #1535


You seem quite unrealistic if you consider that $15k to $20k to possibly be in bitcoin's cards, and it may well be the case that BTC prices in the $30ks or even $40ks or even sub $55k will never be seen again.
I don't know why I am this surprised seeing our post above, but first, I am happy that the market has proven you wrong already by hitting $55,000 this week, we should be realistic with the market's development and not our beliefs alone, the market is supreme regardless of our idea. I will continue to tell this to every investor, not only in cryptocurrency.

Regarding what you actually replied to, let me assure you misquoted me, I never mentioned emphatically that Bitcoin is going lower to $15000-$20,000, read it again. I only assumed the levels would be reasonable for investors if Bitcoin reached there. It was just an example.

You're right, Bitcoin going lower than 20 to $15k would be a very good entry for all investors, but I doubt if Bitcoin would drop to that point or even go below $40k mark my speculation are that it could drop further to $50k by nextweek but that's just a mere speculation and not something people who come across my statement should ponder more on, the wish of investors especially those who are yet to accumulate more or about to start building their portfolio is that Bitcoin should go below this mark and give them a better entry but then like you've said, the market is supreme and since it's not controlled by any organisation or the government investors shouldn't hope on mere speculations, belief or even wishes and flow with the market. Currently the market have even gone below $55k and is struggling at $54k it could either drop more or rise above $55k let's see how it goes.
The price of bitcoin can experience price drop at 40k and it will be under probabilities for the price to crash to the extent of going beyond 30k and 20k, if such happens many people will be disappointed at bitcoin investment and investors will not allow such thing to happen, because if bitcoin mistake fall drastically many people will say that bitcoin is a scam and that will damage the images of bitcoin, so from my understanding of bitcoin and it's values I don't think bitcoin the price will drop more than 50k, because since we experienced 70k in price and the price keep on fluctuating it never pass 50k below in price.
The price of Bitcoin shouldn't be our main focus now what we should have been doing is to accumulate more Bitcoin and forget about it price the reason why the DCA strategy is there is to help an investor accumulate more Bitcoin irrespective of the price level, with the DCA strategy you can accumulate Bitcoin either weekly or monthly and keep hodling for long the goal is to keep on accumulating Bitcoin and HODL for the future so the price of Bitcoin shouldn't be a thing to worry about but to keep accumulating Bitcoin and hodl.
This advice is not worth it, it has a focus/vision but lacks investment dynamism and safety, what is the ultimate goal of Bitcoin price moving up in multiples did not happen, what will be the fate of the investment? So you are wrong to have said we should disregard the price of Bitcoin, if we do that, what type of investor are we? No matter what you think of Bitcoin, you should always have your factor of safety, your investment safety should be your number one goal, and this is why you need the right risk management as you invest.

Tell me, where is the risk management if you do not consider the price of Bitcoin to plan the investment rightly? The DCA investment approach is certainly good as it would help you to average your earnings and risks, but it will be painful at the end of the day if you hardly gain anything from your investment strategy due to the inability of the asset to perform. This is why the price is key. You should also learn the market pattern to assist in speculation and know the right time for the investment (DCA or not).
It may not worth it for you but may be of help to others, if you are focusing much on the price of Bitcoin before you invest you may not be able to if the maybe the price of Bitcoin is high, the price of Bitcoin shouldn't discouraged us to accumulate Bitcoin if you are using the DCA strategy there is no need worrying your self concerning the price of Bitcoin since it will help you to accumulate Bitcoin weekly or monthly regardless of the price level and continue to hodl for a longer period of time.
Look who is talking, it can only be in a forum like this that you will be making mouths on a blatant wrong and still be encouraged to reply back. To refresh your memory, below was the genesis of the argument as written by you;

Quote
The price of Bitcoin shouldn't be our main focus now what we should have been doing is to accumulate more Bitcoin and forget about it price the reason why the DCA strategy is there

Can you read yourself? What a heretic statement. Without wasting my time, I have 3 investment blunder you commited there.

1. Price is supreme in any asset, you can never disregard it and say you are an investor.

2. Bitcoin's future has not been known yet, so why did you make it look as if your plan regarding it is of CERTAINTY?  Professional invetsors don't think like that, they plan ahead and manage their risk. You think Bitcoin is perfect and will SURELY reach the moon forever without any challanges? You are a dreamer thinking that way, the best is to face the market reality and act based on the real-time behaviour.

3. The DCA approach is lovely but there is limit to what it can do for you if you do not help yourself. Try to strike the market and peak when other investors are selling maybe the DCA approach would help you.

You feel that I am more static, but you are not really saying anything in terms of whatever it is that you are suggesting, except that you believe that guys need to ready willing and able to trade, and there is no reason for me to agree with you about that.

Traders can do whatever they like, and find out if their techniques work or not as compared with a more straight-forward DCA approach.
Bro, I've mentioned many times that this is not about trading but investing, I would have been particular about trading if I wanted to. And I don't know the specifics you are referring to because I made myself clear in the previous post before the last one.

In addition, you might read the above reply I had for the OP I replied to from the beginning of this episode and tell me another fault you observe. Cool

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September 13, 2024, 01:11:14 PM
 #1536

Absolutely speaking, instead on wondering whether the price of Bitcoin would drop or rise above 100k before the year ends, what I think is that every investor should get prepared for whatever the outcome maybe, if it gets above 100k as speculated by most investors then it's good for every holder but if it doesn't there's still no need to complain or counter anyone's previous statement since we're all not sure what the outcome may be but we're hoping for the price to Sky rocket above 100k Mark. I see some people saying that they don't think Bitcoin would get to 100k before the year ends and it's too late for that, what I think is that we still got about 3 more months before the year ends and there's a possibility of Bitcoin getting to that point, like I said earlier, let's just get ourselves prepared and see how it goes.
I also agree with you, no one can make sure prediction of Bitcoin. Bitcoin changes direction at its own will. There is no guarantee that Bitcoin will actually go to 100K by the end of this year, but there is some possibility of it in the next year. But we can't say anything for sure. So we have to be prepared for both, because the market can throw unexpected events at any time. So do not rush to invest for the purpose of long term holding. Suppose you decide to hold the investment for a long time, and whether the market conditions are up or down, you only need to focus on holding in the DCA method. The market will not always be bad. Now if it is dumping then there is no reason to fear, it will pump again, and to take advantage of that pumping you simply have to buy the time of the dump. Not only dump this but you have to buy regular using  DCA. then you will find something really good at some point.

You're right, until now we have not found someone who can accurately predict when the price of Bitcoin will increase at the end of this year or next year and I agree with you choosing to prepare yourself, of course, it will be better to continue to focus on the process of accumulating Bitcoin assets according to the ability we have to be able to survive in the long term and choosing to use the DCA method in the process of accumulating Bitcoin, of course, will always be benefit us when we can maintain these assets in the long term.


When you said someone have not accurately predict the price of Bitcoin yet seems you have forgotten that Bitcoin is a very volatile asset which makes its prediction so hard, that's why most traders incur loss due to inaccurate and wrong analysis. Secondly, predicting the market sometimes can be discouraging and it can also bring negative vibes if it doesn't go as predicted and since we are not traders it won't be necessary for us to be worrying about market prediction rather we should focus on making our portfolio.
If you are into Long term Bitcoin investment is not necessary to focus or your attention in the market price because doing that will sometimes reduce your interest or increase it, I'm not saying as a long term investor you should not check the market I'm saying you should not do it every day since you are not a trader and is not necessary.
If we are honest to our selfs we will all confess that when Bitcoin is growing higher in price we that are into Long term investment will be happy and our interest in Bitcoin will become more high but when is not and is even reducing in price our investment will reduce and that sometimes reduce the Accumulating percentage of some people especially newbies.
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September 13, 2024, 01:53:22 PM
 #1537


I also agree with you, no one can make sure prediction of Bitcoin. Bitcoin changes direction at its own will. There is no guarantee that Bitcoin will actually go to 100K by the end of this year, but there is some possibility of it in the next year. But we can't say anything for sure. So we have to be prepared for both, because the market can throw unexpected events at any time. So do not rush to invest for the purpose of long term holding. Suppose you decide to hold the investment for a long time, and whether the market conditions are up or down, you only need to focus on holding in the DCA method. The market will not always be bad. Now if it is dumping then there is no reason to fear, it will pump again, and to take advantage of that pumping you simply have to buy the time of the dump. Not only dump this but you have to buy regular using  DCA. then you will find something really good at some point.

You're right, until now we have not found someone who can accurately predict when the price of Bitcoin will increase at the end of this year or next year and I agree with you choosing to prepare yourself, of course, it will be better to continue to focus on the process of accumulating Bitcoin assets according to the ability we have to be able to survive in the long term and choosing to use the DCA method in the process of accumulating Bitcoin, of course, will always be benefit us when we can maintain these assets in the long term.

When you said someone have not accurately predict the price of Bitcoin yet seems you have forgotten that Bitcoin is a very volatile asset which makes its prediction so hard, that's why most traders incur loss due to inaccurate and wrong analysis. Secondly, predicting the market sometimes can be discouraging and it can also bring negative vibes if it doesn't go as predicted and since we are not traders it won't be necessary for us to be worrying about market prediction rather we should focus on making our portfolio.

We're on the same page bro and that's why I made that statement cause I'm already aware that volatility makes it uneasy for one to accurately predict the price of Bitcoin at any point in time, one can only speculate and sometimes it may come correct as speculated, that is to say that anyone could be lucky when it comes to predicting the price of Bitcoin. Well it's normal for humans to get discouraged when things doesn't work as planned but when it comes to Bitcoin investment, people she be discouraged when their analysis doesn't favour them
I don't know why you'll are very much bothered about speculating prices of Bitcoin and getting disappointed as the case may be, we are not trading here, so we shouldn't be much bothered about the prices. Do you really call yourself an investor? well if you do you should be bothered by having not accumulated enough amounts like your target specifies instead of the price volatility.

Every genuine Bitcoin investor in his accumulation journey should employ the 80 - 20 principle which states that you should spend most of your time doing the little things that brings higher productivity. Relating it to Bitcoin accumulation journey, investors should only be busy buying more and looking for ways to increase on their accumulation amounts for better profits at the long run. Focusing on the volatility of the price has a way of demoralizing the investor, so it's better you put your time and energy into accumulating enough to reach your target because you and I know so well that the more stashes of Bitcoin you've, the better profits you make after a long term

R


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September 13, 2024, 03:05:58 PM
 #1538


I also agree with you, no one can make sure prediction of Bitcoin. Bitcoin changes direction at its own will. There is no guarantee that Bitcoin will actually go to 100K by the end of this year, but there is some possibility of it in the next year. But we can't say anything for sure. So we have to be prepared for both, because the market can throw unexpected events at any time. So do not rush to invest for the purpose of long term holding. Suppose you decide to hold the investment for a long time, and whether the market conditions are up or down, you only need to focus on holding in the DCA method. The market will not always be bad. Now if it is dumping then there is no reason to fear, it will pump again, and to take advantage of that pumping you simply have to buy the time of the dump. Not only dump this but you have to buy regular using  DCA. then you will find something really good at some point.

You're right, until now we have not found someone who can accurately predict when the price of Bitcoin will increase at the end of this year or next year and I agree with you choosing to prepare yourself, of course, it will be better to continue to focus on the process of accumulating Bitcoin assets according to the ability we have to be able to survive in the long term and choosing to use the DCA method in the process of accumulating Bitcoin, of course, will always be benefit us when we can maintain these assets in the long term.

When you said someone have not accurately predict the price of Bitcoin yet seems you have forgotten that Bitcoin is a very volatile asset which makes its prediction so hard, that's why most traders incur loss due to inaccurate and wrong analysis. Secondly, predicting the market sometimes can be discouraging and it can also bring negative vibes if it doesn't go as predicted and since we are not traders it won't be necessary for us to be worrying about market prediction rather we should focus on making our portfolio.

We're on the same page bro and that's why I made that statement cause I'm already aware that volatility makes it uneasy for one to accurately predict the price of Bitcoin at any point in time, one can only speculate and sometimes it may come correct as speculated, that is to say that anyone could be lucky when it comes to predicting the price of Bitcoin. Well it's normal for humans to get discouraged when things doesn't work as planned but when it comes to Bitcoin investment, people she be discouraged when their analysis doesn't favour them
I don't know why you'll are very much bothered about speculating prices of Bitcoin and getting disappointed as the case may be, we are not trading here, so we shouldn't be much bothered about the prices. Do you really call yourself an investor? well if you do you should be bothered by having not accumulated enough amounts like your target specifies instead of the price volatility.

Every genuine Bitcoin investor in his accumulation journey should employ the 80 - 20 principle which states that you should spend most of your time doing the little things that brings higher productivity. Relating it to Bitcoin accumulation journey, investors should only be busy buying more and looking for ways to increase on their accumulation amounts for better profits at the long run. Focusing on the volatility of the price has a way of demoralizing the investor, so it's better you put your time and energy into accumulating enough to reach your target because you and I know so well that the more stashes of Bitcoin you've, the better profits you make after a long term
Exactly, disappointments about the price of Bitcoin should only be of concern to traders and not someone thinking of a long-term investment on Bitcoin, that was the point I was trying to make earlier on, infact anyone thinking about Bitcoin investment should be prepared for long-term goals else you're not even ready to invest because you'll keep getting disappointed cause volatility must occur which means the price must drop as well as increase therefore the target should be on accumulating as much as possible with different strategies. However, trading should not even be considered as a strategy of accumulating Bitcoin if an investor is thinking long-term, since the investor could risk losing what they have if not all they're holding in their portfolio. I'm pretty sure most people would want to consider trading as some means of accumulating bitcoin based on the 80-20 principle but anyone who would want to consider it should perish that idea cause the risk factor is much more higher and like I stated earlier an investor could lose all they've been working hard to accumulate all in the name of trying to accumulate more bitcoin through that means.

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LUCKMCFLY
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September 13, 2024, 04:06:58 PM
 #1539

We stay focused on our own plans to do DCA strategies all the time because this is one way to accumulate more bitcoin in a simple way and does not need to spend a lot of money, in the sense of adjusting our abilities about DCA purchases.

It is very true, when we stay focused on our DCA plan it is only the best, there are many who now know the method, and that is why I get so many when I talk to them about bitcoin and I tell them the price, and then they tell me that it is very expensive that it is impossible for them to achieve it , well I tell them about this method and well yes, they accept it, they like it, and I know that it stays in their minds, when it stays in their minds it is good, then they think, analyze it and most likely they will get inspired and start doing it, if I manage to have that effect it would be the Idea.

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JayJuanGee
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September 13, 2024, 04:40:50 PM
 #1540


I'm experienced in the world of trading and investing to know the difference between the two and the fact that our view didn't align doesn't make me less right. This is the same mistake you always make thinking I mistake trading for investing but still didn't change anything because I stand with what I wrote, it's my philosophy of investment and the DCA approach and is working for me.
Actually from your statement JayJuanGee was not wrong in what he was saying because your understanding or perception about DCA seem to be very different from the actual course and aside from that I can't even comprehend what you actually mean by "what if at the end the investors who use DCA end up not getting anything from there strategy, do you mean that DCA is not the right strategy?
I have my doubts whether he or even guys like him outperform the DCAers or the other guys who are mostly just buying and holding, and so several of the BTC buyers/holders/long term investors made multiples and even magnitudes of profits in regards to their strategies, in part due to compounding value, yet frequently the traders are not coming even close to similar levels of profits as compared to bitcoiners who mostly errored on the side of accumulating (through buying only) and holding.
You are right because on a normal sense I don't think there are other principles or strategy that outperform DCA as a long term holding in regards to the measure of profit because if for instance those that claim that they make more better profit in trading than holders, let's say for example they bought when the price was $55k and later on the price move to $60k and maybe they profited $2k and while they keep waiting for the price to position for them to buy again instead the price move very higher possibly to the extent of almost hitting $80k so they will be left with no option but to buy at that price and by that time they will realize that even with the $2k profits they had plus total capital will not even be enough to accumulate the amount of Bitcoin they had during there first entry which is considered as wasted investment, meanwhile the profit that would possibly be reflecting on the portfolio of those who are holding will be much higher because they have a large amount of Bitcoin, so actually this is what most traders who claims they always stand on a better opportunity in gaining than holders needs to understand because if most of them will calculate there losses and profits they will realize that they have not profited anything.
It could be that a trader does not necessarily want to tie up his capital for too long in any particular trade unless he sees it to be profitable, and so will have some difficulties recognizing value in regards to investing that ties up capital for a long period of time...
Traders are so attached to the process of making profit in a quicker way and as such seeing any other method that doesn't work in line with what they want as an unsuitable investment for them which is why they will always object or compare trading with holders without knowing that mathematically holders are the most profitable investment because trading is a win and lose investment while holders portfolio continues to grow as the Bitcoin increases.
Exactly the point, how would someone even compare trading and hodling profitability, to me it sound so absurd and unrealistic, it is an establishment fact that the tendency of losing all your capiatal is very high and no matter the profit you make sometimes in trading which doesn't come always both trading and hodling cant be compared in terms of profit, the profit will be made by a holder will always surpass that of a trader, for instance a holder who has since bought his Bitcoin at a lower price when bitcoin was in a very dip price and continue holding until Bitcoin price reach very high in the future, will you compare such investor with with a trader whose mindset is for a shoterm profit thats uncertain, I dont think its possible.
I think people should do this things practically before they compare because I believe that any trader that understands this fact won't think of making this kind of comparison, comparing something that's highly unrealistic and something that we already know what the future says about it, is just like a joke for me.

It is possible that in bitcoin sometimes traders will beat investors, especially in short-term timeframes, yet the longer they trade bitcoin rather than invest, the less likely that they would have had been able to beat any of the bitcoin holders who mostly focused on accumulating BTC through ongoing buying and holding.

So part of my point is that even though some traders might be able to been investors, their techniques, strategies practices are far from replicable (especially since they vary so much), and it also takes a quite a bit of training and experience to learn how to trade, yet even the training and experience does not assure that traders would have had historically been able to beat bitcoin investors.. .. so it is misleading to be pumping trading as some kind of thing that normal and regular people can do, especially when it likely is pretty rare that any of them are actually beating the longer term BTC investors holders and those who are ongoingly accumulating BTC through buying.

You feel that I am more static, but you are not really saying anything in terms of whatever it is that you are suggesting, except that you believe that guys need to ready willing and able to trade, and there is no reason for me to agree with you about that.

Traders can do whatever they like, and find out if their techniques work or not as compared with a more straight-forward DCA approach.
Bro, I've mentioned many times that this is not about trading but investing, I would have been particular about trading if I wanted to. And I don't know the specifics you are referring to because I made myself clear in the previous post before the last one.

In addition, you might read the above reply I had for the OP I replied to from the beginning of this episode and tell me another fault you observe.

I have already sufficiently responded to your points various times, and your desire to call yourself an investor even though surely I would consider you to be a trader when you cannot even establish at least a 4-year timeline for holding your BTC (which would mean that you are not selling, except maybe through spend and replace).  Multiple times you have proclaimed yourself to be more sophisticated because you are playing the price waves and selling BTC at various points in time in order to improve your DCA performance, and so that sounds like trading to me, and I don't even give too many shits what you do, except you are being misleading when you are suggesting that selling is a technique to accumulate more BTC as compared with strictly buying and holding techniques.

In the end, you are free to have your own definition of investing, yet I am still going to proclaim it is misleading to call yourself an investor when you are not even planning to hold for at least 4 years and you are employing various selling techniques, so surely the part of your BTC holdings that you do not sell, might be considered as investment (perhaps), even though you are trading with another part of your BTC holdings and proclaiming that you are improving your overall BTC performance by employing selling techniques to accumulate more BTC.

Furthermore, there is no need for me to repeat myself or to go back and study potential nuances that might exist in your various claims. If you want to clarify any of your practices and/or suggest how the specifics of your practices are replicable, then feel free to explain so that the rest of us might be able to learn from your techniques if there might be something that might be learnable and/or replicable... or do you just want us to subscribe to your upcoming newsletter to find out your secrets?

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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