Does the DCA strategy inspire newbies to invest?

[Rubuchi]

Fuck Trading, what are you trading when you’re in your bitcoin accumulation stages.

Hi, I like that..

Sometimes we dream that trading is a quick way to get instant money... but I was wrong when I tried it.

We often fall for advertising about trading, so we're quite interested in trying it. Apparently, it's not as good as they advertise.

I'm really hooked.

I don’t think trading is that bad either, it is an optional thing not something to be fucked , trading is something you want to do when you are accumulating or not, it is a different thing entirely and does not have any influence on your investments but a different way of making your small bucks quickly. I don’t see any reason why investing should stop someone from trading if they had the interest and time to trade, they can go ahead and do so and for the lucrative part, I don’t know how lucrative it is but I believe it’s dependent on your level of knowledge about how the market works and how you can take advantage of the opportunity in the market

[JayJuanGee]

Fuck Trading, what are you trading when you’re in your bitcoin accumulation stages.

Hi, I like that..
Sometimes we dream that trading is a quick way to get instant money... but I was wrong when I tried it.

We often fall for advertising about trading, so we're quite interested in trying it. Apparently, it's not as good as they advertise.
I'm really hooked.

I don’t think trading is that bad either, it is an optional thing not something to be fucked , trading is something you want to do when you are accumulating or not, it is a different thing entirely and does not have any influence on your investments but a different way of making your small bucks quickly. I don’t see any reason why investing should stop someone from trading if they had the interest and time to trade, they can go ahead and do so and for the lucrative part, I don’t know how lucrative it is but I believe it’s dependent on your level of knowledge about how the market works and how you can take advantage of the opportunity in the market

The general idea behind DCA involves ongoingly buying bitcoin in order to create a position so it applies best to investing and not to trading.

Trading is not a good idea when it comes to bitcoin, since bitcoin is already one of the best investments that anyone could make, so it does not make sense to sell it with an expectation of buying back cheaper.

If you sell BTC when your goal is to accumulate it, then you are injecting uncertainty in regards to your bitcoin stash size, since the price might go up rather than down, and another thing if you sell instead of continuously buying bitcoin, you inject a waiting element rather than an ongoing buying element.. so it seems pretty dumb to be trading, selling and/or gambling when it comes to building up your bitcoin stash size.

It already tends to take a long time to build up a bitcoin stash size, so why fuck around with selling and/or trading.  Trading sounds like a really bad idea and something that is likely to screw up your investment and your abilities to build up your bitcoin stash size.

This thread is not even about trading, and hopefully not too many guys try to trade their bitcoin rather than staying focused on ongoing buying.. perhaps at least a whole cycle or two on a weekly basis. .and sure, if they are able to accumulate more bitcoin  or to front load their bitcoin investment sooner rather than later, then they might be able to stop or slow down in their bitcoin investing since maybe they would have had reached their accumulation target earlier if they are able to invest more in the beginning.. .which may well be away of supplementing DCA with lump sum buying... in order to accumulate more bitcoin faster..

and even DCA and/or lump sum buying does not necessarily have to involve concerns about price, since investment in bitcoin tends to be 4-10 years or longer.  Traders tend to be unable to commit to longer timelines, and they might not even know what investing is.  They might not even know what bitcoin is, and that is why they try to trade it rather than investing into it.

[Jamestown70]

Fuck Trading, what are you trading when you’re in your bitcoin accumulation stages.

Hi, I like that..

Sometimes we dream that trading is a quick way to get instant money... but I was wrong when I tried it.

We often fall for advertising about trading, so we're quite interested in trying it. Apparently, it's not as good as they advertise.

I'm really hooked.

I don’t think trading is that bad either, it is an optional thing not something to be fucked , trading is something you want to do when you are accumulating or not, it is a different thing entirely and does not have any influence on your investments but a different way of making your small bucks quickly. I don’t see any reason why investing should stop someone from trading if they had the interest and time to trade, they can go ahead and do so and for the lucrative part, I don’t know how lucrative it is but I believe it’s dependent on your level of knowledge about how the market works and how you can take advantage of the opportunity in the market

You’ve not gotten to over Accumulation stage yet and you thinking trading or gambling as another option not to get fucked, I guess you’re trying to outsmart the system to gain your little profit, Bravo. After it has gone sideways from the way you’ve planned it, the excuse you’ll give when asked why you indulged trading while DCAing as a Bitcoiner which you’re not is “you want to grow your discretionary funds so you can grow your portfolio faster”. Mate, sooner or later the little you’ve accumulated will also be used to gamble and it’s going to end up ruining your accumulation process. If you’ve just started accumulating or you’ve been accumulating, because I know for a fact that you’ve not gotten to over Accumulation stage yet, I’ll advice you stay clear from every thought of gambling while DCAing.

[ultrloa]

Fuck Trading, what are you trading when you’re in your bitcoin accumulation stages.

Hi, I like that..
Sometimes we dream that trading is a quick way to get instant money... but I was wrong when I tried it.

We often fall for advertising about trading, so we're quite interested in trying it. Apparently, it's not as good as they advertise.
I'm really hooked.

I don’t think trading is that bad either, it is an optional thing not something to be fucked , trading is something you want to do when you are accumulating or not, it is a different thing entirely and does not have any influence on your investments but a different way of making your small bucks quickly. I don’t see any reason why investing should stop someone from trading if they had the interest and time to trade, they can go ahead and do so and for the lucrative part, I don’t know how lucrative it is but I believe it’s dependent on your level of knowledge about how the market works and how you can take advantage of the opportunity in the market

The general idea behind DCA involves ongoingly buying bitcoin in order to create a position so it applies best to investing and not to trading.

Trading is not a good idea when it comes to bitcoin, since bitcoin is already one of the best investments that anyone could make, so it does not make sense to sell it with an expectation of buying back cheaper.

If you sell BTC when your goal is to accumulate it, then you are injecting uncertainty in regards to your bitcoin stash size, since the price might go up rather than down, and another thing if you sell instead of continuously buying bitcoin, you inject a waiting element rather than an ongoing buying element.. so it seems pretty dumb to be trading, selling and/or gambling when it comes to building up your bitcoin stash size.

It already tends to take a long time to build up a bitcoin stash size, so why fuck around with selling and/or trading.  Trading sounds like a really bad idea and something that is likely to screw up your investment and your abilities to build up your bitcoin stash size.

This thread is not even about trading, and hopefully not too many guys try to trade their bitcoin rather than staying focused on ongoing buying.. perhaps at least a whole cycle or two on a weekly basis. .and sure, if they are able to accumulate more bitcoin  or to front load their bitcoin investment sooner rather than later, then they might be able to stop or slow down in their bitcoin investing since maybe they would have had reached their accumulation target earlier if they are able to invest more in the beginning.. .which may well be away of supplementing DCA with lump sum buying... in order to accumulate more bitcoin faster..

and even DCA and/or lump sum buying does not necessarily have to involve concerns about price, since investment in bitcoin tends to be 4-10 years or longer.  Traders tend to be unable to commit to longer timelines, and they might not even know what investing is.  They might not even know what bitcoin is, and that is why they try to trade it rather than investing into it.

Bitcoin truly works if people would choose to deal with it for long term and not dealing with this coin on trading. The DCA strategy will make everything steady especially if they are looking to add more from their portfolio without trying to miss out if there's sudden movement of the price of Bitcoin happened.

Selling at high price then try to wait for the dip just like what norms think adds on uncertain situation, because with this they might not see any consistent result. Compare if they are eager and thinking straight to deal with accumulating Bitcoin for long term, they provably could see that there portfolio continuous to grow for being consistent on those series of accumulation done.

If they think doing  lump sump strategy, they might fasten up something if they have funds ready to dispose. But key for success for using this strategy is having good patience and long term commitment, not trying to gamble on short term price movement since they are bound to fail if they think about this.

[Tinubu]

The general idea behind DCA involves ongoingly buying bitcoin in order to create a position so it applies best to investing and not to trading.

Trading is not a good idea when it comes to bitcoin, since bitcoin is already one of the best investments that anyone could make, so it does not make sense to sell it with an expectation of buying back cheaper.

If you sell BTC when your goal is to accumulate it, then you are injecting uncertainty in regards to your bitcoin stash size, since the price might go up rather than down, and another thing if you sell instead of continuously buying bitcoin, you inject a waiting element rather than an ongoing buying element.. so it seems pretty dumb to be trading, selling and/or gambling when it comes to building up your bitcoin stash size.

It already tends to take a long time to build up a bitcoin stash size, so why fuck around with selling and/or trading.  Trading sounds like a really bad idea and something that is likely to screw up your investment and your abilities to build up your bitcoin stash size.

This thread is not even about trading, and hopefully not too many guys try to trade their bitcoin rather than staying focused on ongoing buying.. perhaps at least a whole cycle or two on a weekly basis. .and sure, if they are able to accumulate more bitcoin  or to front load their bitcoin investment sooner rather than later, then they might be able to stop or slow down in their bitcoin investing since maybe they would have had reached their accumulation target earlier if they are able to invest more in the beginning.. .which may well be away of supplementing DCA with lump sum buying... in order to accumulate more bitcoin faster..

and even DCA and/or lump sum buying does not necessarily have to involve concerns about price, since investment in bitcoin tends to be 4-10 years or longer.  Traders tend to be unable to commit to longer timelines, and they might not even know what investing is.  They might not even know what bitcoin is, and that is why they try to trade it rather than investing into it.

DCA..(That means you keep buying Bitcoin regularly..to add up to how much you own)..but why not trade it..??  If you sell Bitcoin with the hope of buying back at a cheaper rate, the price might skyrocket (increase) and you can only end up with little or no Bitcoin...so I think the main goal is to build up as many Bitcoin as you can over years.(5-10years or more)..and not weeks or days...

It can be done in two ways..you can either go with (DCA)..that is buying the same amount every week....or you can buy a big chunk now..if the money is available...(Lump sum)..

The bottom line is...you should just keep buying and don't sell.. trading actually makes you think 'short term'....while investing means you're building something permanent....

[Baki202]

Fuck Trading, what are you trading when you’re in your bitcoin accumulation stages.

Hi, I like that..

Sometimes we dream that trading is a quick way to get instant money... but I was wrong when I tried it.

We often fall for advertising about trading, so we're quite interested in trying it. Apparently, it's not as good as they advertise.

I'm really hooked.

I don’t think trading is that bad either, it is an optional thing not something to be fucked , trading is something you want to do when you are accumulating or not, it is a different thing entirely and does not have any influence on your investments but a different way of making your small bucks quickly. I don’t see any reason why investing should stop someone from trading if they had the interest and time to trade, they can go ahead and do so and for the lucrative part, I don’t know how lucrative it is but I believe it’s dependent on your level of knowledge about how the market works and how you can take advantage of the opportunity in the market

You’ve not gotten to over Accumulation stage yet and you thinking trading or gambling as another option not to get fucked, I guess you’re trying to outsmart the system to gain your little profit, Bravo. After it has gone sideways from the way you’ve planned it, the excuse you’ll give when asked why you indulged trading while DCAing as a Bitcoiner which you’re not is “you want to grow your discretionary funds so you can grow your portfolio faster”. Mate, sooner or later the little you’ve accumulated will also be used to gamble and it’s going to end up ruining your accumulation process. If you’ve just started accumulating or you’ve been accumulating, because I know for a fact that you’ve not gotten to over Accumulation stage yet, I’ll advice you stay clear from every thought of gambling while DCAing.

And there is nothing like over Accumulation the truth of it is that is never enough and that is one of the problem this people have I just feel they are not prepared that is why they are doing exactly what they are doing because all they are focused on is the profit and there other things to focused on and what they don't know is that the time for profit will come they only need to be more focused on accumulation before the profit. No matter it may be we should no that they come with there own risk. And since DCA is makes everything easy,  either what the case might, the what should be focused on for them to be strategic and that is the only way things like this can be made different. Most people are focused on stories than what is behind it they need to be calm. And understand what is important.  Some people will not learn because what is what is bringing gambling into the picture they need to do better.

[Bitcoin_Budha]

I don’t think trading is that bad either, it is an optional thing not something to be fucked , trading is something you want to do when you are accumulating or not, it is a different thing entirely and does not have any influence on your investments but a different way of making your small bucks quickly. I don’t see any reason why investing should stop someone from trading if they had the interest and time to trade, they can go ahead and do so and for the lucrative part, I don’t know how lucrative it is but I believe it’s dependent on your level of knowledge about how the market works and how you can take advantage of the opportunity in the market

Trading has never been reliable like accumulating because this is a better way of having profit and staying solid in market trading always have some chaos which can ruin any trader but in case of Bitcoin accumulation things are always under your hands for having profit or keep staying for long run.
I am studying for few weeks and now have enough knowledge to understand about few things I am surely going to be stayed with DCA because this will give me better option of having profit in long run I am managing few things which will help me for having Bitcoin for me and my kids as well because currently they are not able to understand about this, but future is with them.

I will always keep them about changes and things which are important and help them to about Bitcoin and its benefits having Bitcoin has now never been late due to recent decline in price because now this will help me to have accumulated enough.

[Joeboy]

DCA..(That means you keep buying Bitcoin regularly..to add up to how much you own)..but why not trade it..??  If you sell Bitcoin with the hope of buying back at a cheaper rate, the price might skyrocket (increase) and you can only end up with little or no Bitcoin...so I think the main goal is to build up as many Bitcoin as you can over years.(5-10years or more)..and not weeks or days...

It can be done in two ways..you can either go with (DCA)..that is buying the same amount every week....or you can buy a big chunk now..if the money is available...(Lump sum)..

The bottom line is...you should just keep buying and don't sell.. trading actually makes you think 'short term'....while investing means you're building something permanent....

You are wrong, there are basically three major ways of accumulating Bitcoin, which are DCA, Buying the Duo and Lump Sum. DCA is the best and easy to begin with strategy. It involves buying a certain amount of Bitcoin at certain intervals. The amount of Bitcoin being bought with DCA mustn't always be fixed, it can as well me made flexible. Buying the Dip involves to time the market in order to take advantage of price reduction,  so as to buy Bitcoin at a reduced price. And lastly Lump Sum is to buy Bitcoin all at once with the amount of money that is available.....

[Proty]

DCA..(That means you keep buying Bitcoin regularly..to add up to how much you own)..but why not trade it..??  If you sell Bitcoin with the hope of buying back at a cheaper rate, the price might skyrocket (increase) and you can only end up with little or no Bitcoin...so I think the main goal is to build up as many Bitcoin as you can over years.(5-10years or more)..and not weeks or days...

It can be done in two ways..you can either go with (DCA)..that is buying the same amount every week....or you can buy a big chunk now..if the money is available...(Lump sum)..

The bottom line is...you should just keep buying and don't sell.. trading actually makes you think 'short term'....while investing means you're building something permanent....

You are wrong, there are basically three major ways of accumulating Bitcoin, which are DCA, Buying the Duo and Lump Sum. DCA is the best and easy to begin with strategy. It involves buying a certain amount of Bitcoin at certain intervals. The amount of Bitcoin being bought with DCA mustn't always be fixed, it can as well me made flexible. Buying the Dip involves to time the market in order to take advantage of price reduction,  so as to buy Bitcoin at a reduced price. And lastly Lump Sum is to buy Bitcoin all at once with the amount of money that is available.....

yes you are right the DCA and lump sum buying isn't the only strategy that can be used to buy bitcoin. We also have buying the dips. DCA strategy mustn't be done with a fixed amount, an investor can start doing DCA using $50 from discretionary income ,the next time he DCA he can decide to increase or reduce the amount depending on his discretionary income. It must not be fixed amount and also it must be on fixed intervals. It should be done whenever discretionary income is available.

[JayJuanGee]

[edited out]

And there is nothing like over Accumulation the truth of it is that is never enough and that is one of the problem this people have I just feel they are not prepared that is why they are doing exactly what they are doing because all they are focused on is the profit and there other things to focused on and what they don't know is that the time for profit will come they only need to be more focused on accumulation before the profit.

You sound like you are just making shit up, merely because you likely don't understand the idea of overaccumulation.

It is not true that everyone always wants more no matter what.

Do you need an example to help you out or do you just want to live in a fantasy?

Let's say that a person who was in his early 40s 10 years got into bitcoin.  At that time, he earned about $30k per year, and he had already been investing in various other investments, so his total investment portfolio was worth about $50k. 

He decided that he was going to take 20% from his already existing investment and invest in bitcoin (so that would be $10k), and then he would start to invest into bitcoin at $100 per week.  His goal was that once he is able to comfortably withdraw $0k per year from his bitcoin investment in a sustainable way, then he would quit working and then just live off of his bitcoin.

When he started investing in bitcoin in early 2016, bitcoin were selling at about $430 per bitcoin, so he was able to get right around 23 bitcoin for his initial $10 that he invested.  Over the next 10 years, he ended up investing another $52k, and he accumulated about 15.25 BTC.

So right now, he is in his early 50s, and his total amount invested is $62k and he has 38.25 BTC. 

He looks at a sustainable withdrawal rate calculator and he sees that right now, he only needs 14 BTC in order to have have a sustainable withdrawal rate of $80k forever and ever and ever, and also he sees that he likely could give himself a 7% raise every year in terms of the dollar amount, too.  So he feels that he has enough BTC and even way more than enough BTC in light of his goals.  He has about 24.25 BTC more than he needs for his goals.  He also sees that right now his 38.25 BTC could support an annual withdrawal rate of $218,665 with a 7% raise in the dollar amount each year forever and ever and ever.

You want to argue that the guy does not have enough BTC?

It is quite possible that the guy had enough or more than enough BTC a few years earlier, but in this case, he had kept accumulating bitcoin and maybe he had made some mistakes in his ways of calculating the value (or the sustainable withdrawal rate) of his BTC stash.  So he ends up realizing that he has nearly 3x more BTC than he needed to have for his own personal goals.  Sure, it is a good problem to have, yet it does not mean that once he figures out the value of his stash that he needs more bitcoin.  That would be ridiculous and/or retarded for guys to continue to seek more bitcoin when they have enough or more than enough, and yeah, some folks are capable of being satisfied with the level of their BTC (or wealth) accumulation.. even though I also recognize that there are guys who can never be satisfied as you seem to imply that everyone has that same level of psycho and greedy built within their motivations.

No matter it may be we should no that they come with there own risk. And since DCA is makes everything easy,  either what the case might, the what should be focused on for them to be strategic and that is the only way things like this can be made different. Most people are focused on stories than what is behind it they need to be calm. And understand what is important.  Some people will not learn because what is what is bringing gambling into the picture they need to do better.

I am not exactly sure what you are saying here, yet it does seem that guys should be able to measure how aggressive that they can be in their bitcoin accumulation without overdoing it, and if guys make mistakes in the level of their aggressiveness, then they might end up losing money because of their mistakes in how they measure the level fo their aggressiveness.

[avp2306]

[edited out]

And there is nothing like over Accumulation the truth of it is that is never enough and that is one of the problem this people have I just feel they are not prepared that is why they are doing exactly what they are doing because all they are focused on is the profit and there other things to focused on and what they don't know is that the time for profit will come they only need to be more focused on accumulation before the profit.

You sound like you are just making shit up, merely because you likely don't understand the idea of overaccumulation.

It is not true that everyone always wants more no matter what.

Do you need an example to help you out or do you just want to live in a fantasy?

Let's say that a person who was in his early 40s 10 years got into bitcoin.  At that time, he earned about $30k per year, and he had already been investing in various other investments, so his total investment portfolio was worth about $50k. 

He decided that he was going to take 20% from his already existing investment and invest in bitcoin (so that would be $10k), and then he would start to invest into bitcoin at $100 per week.  His goal was that once he is able to comfortably withdraw $0k per year from his bitcoin investment in a sustainable way, then he would quit working and then just live off of his bitcoin.

When he started investing in bitcoin in early 2016, bitcoin were selling at about $430 per bitcoin, so he was able to get right around 23 bitcoin for his initial $10 that he invested.  Over the next 10 years, he ended up investing another $52k, and he accumulated about 15.25 BTC.

So right now, he is in his early 50s, and his total amount invested is $62k and he has 38.25 BTC. 

He looks at a sustainable withdrawal rate calculator and he sees that right now, he only needs 14 BTC in order to have have a sustainable withdrawal rate of $80k forever and ever and ever, and also he sees that he likely could give himself a 7% raise every year in terms of the dollar amount, too.  So he feels that he has enough BTC and even way more than enough BTC in light of his goals.  He has about 24.25 BTC more than he needs for his goals.  He also sees that right now his 38.25 BTC could support an annual withdrawal rate of $218,665 with a 7% raise in the dollar amount each year forever and ever and ever.

You want to argue that the guy does not have enough BTC?

It is quite possible that the guy had enough or more than enough BTC a few years earlier, but in this case, he had kept accumulating bitcoin and maybe he had made some mistakes in his ways of calculating the value (or the sustainable withdrawal rate) of his BTC stash.  So he ends up realizing that he has nearly 3x more BTC than he needed to have for his own personal goals.  Sure, it is a good problem to have, yet it does not mean that once he figures out the value of his stash that he needs more bitcoin.  That would be ridiculous and/or retarded for guys to continue to seek more bitcoin when they have enough or more than enough, and yeah, some folks are capable of being satisfied with the level of their BTC (or wealth) accumulation.. even though I also recognize that there are guys who can never be satisfied as you seem to imply that everyone has that same level of psycho and greedy built within their motivations.

That status overaccumulation indicates that we already reach our goal which is we accumulated enough Bitcoin already. On that example, the subject set some goals about $80k then he already able to reach it. This means he does not need to keep chasing to accumulate more just for the sake that he need to be intact and remain relevant in the discussion.

There are investors already know that once they reach or hit their target they can stop or make everything slow like they can start to relax already since they already reached their targets.

To get satisfied is really possible especially if they reached on overaccumulation status, but there are people decide to continue maybe because they want more.

But for me If I reach over accumulation I think that I already got what those things I need and maybe what next thing to do is to plan my next possible action.

[laijsica]

I don’t think trading is that bad either, it is an optional thing not something to be fucked , trading is something you want to do when you are accumulating or not, it is a different thing entirely and does not have any influence on your investments but a different way of making your small bucks quickly. I don’t see any reason why investing should stop someone from trading if they had the interest and time to trade, they can go ahead and do so and for the lucrative part, I don’t know how lucrative it is but I believe it’s dependent on your level of knowledge about how the market works and how you can take advantage of the opportunity in the market

If you really want to achieve anything, volatility can distract you from your goals. It is not a good strategy for Bitcoin trading. Set it mentally first. No one is saying that trading is a bad idea but you need to be experienced in the market to be a good trader. You may be trying to convince others that trading is not a problem but who wants to gamble with their capital if they are not experienced? Surely you should follow the DCA method for Bitcoin in the long term.

[bitmover]

So right now, he is in his early 50s, and his total amount invested is $62k and he has 38.25 BTC.  

I really think that this is enough more for most people, and many would say they have over accumulated.

However, some people doesn't seen to be satisfied with any amount, and they keep working so hard to get more, more and more, even if that money and work is already making their life miserable.

There is a famous quote, which I can't remember where I read from (maybe Morgan housel, Psychology of Money), which says like this.

[his pal] made more money in a single day than Heller had earned from his wildly popular novel Catch-22 over its whole history.
Heller responds,
“Yes, but I have something he will never have … enough.”

There is some balance between quality of life, free time and wealth that we all need to manage somehow.

Edit: Found the author: Joseph Heller, from a hedge fund.

[Proty]

I don’t think trading is that bad either, it is an optional thing not something to be fucked , trading is something you want to do when you are accumulating or not, it is a different thing entirely and does not have any influence on your investments but a different way of making your small bucks quickly. I don’t see any reason why investing should stop someone from trading if they had the interest and time to trade, they can go ahead and do so and for the lucrative part, I don’t know how lucrative it is but I believe it’s dependent on your level of knowledge about how the market works and how you can take advantage of the opportunity in the market

If you really want to achieve anything, volatility can distract you from your goals. It is not a good strategy for Bitcoin trading. Set it mentally first. No one is saying that trading is a bad idea but you need to be experienced in the market to be a good trader. You may be trying to convince others that trading is not a problem but who wants to gamble with their capital if they are not experienced? Surely you should follow the DCA method for Bitcoin in the long term.

Being experienced doesn't stop anyone from lossing money in trading. Experience doesn't eliminate the risk that is involved in trading. However, experience may give them an hedge on how the market works. But it doesn't still change the fact that trading bitcoin is more like gambling with bitcoin. Therefore, the best option is to always go with investing in bitcoin for long term as some newbies may start looking for way to gather the experience by starting to trade with the mindset of becoming a successful trader in the future.

[Merit.s]

Being experienced doesn't stop anyone from lossing money in trading. Experience doesn't eliminate the risk that is involved in trading. However, experience may give them an hedge on how the market works. But it doesn't still change the fact that trading bitcoin is more like gambling with bitcoin. Therefore, the best option is to always go with investing in bitcoin for long term as some newbies may start looking for way to gather the experience by starting to trade with the mindset of becoming a successful trader in the future.

DCA is the easiest because a new investor without any experience can easily DCA overtime without having any problem or issues provided that he has figured out his discretionary income and uses the right amount to DCA weekly with a long-term mindset.

As he keeps on buying, he continues learning about the market and gain more confidence on bitcoin which can make him DCA aggressively whenever, he can. Trading is out of it and a path to losses.

[JayJuanGee]

So right now, he is in his early 50s, and his total amount invested is $62k and he has 38.25 BTC.  

I really think that this is enough more for most people, and many would say they have over accumulated.

However, some people doesn't seen to be satisfied with any amount, and they keep working so hard to get more, more and more, even if that money and work is already making their life miserable.

If you noticed from my example, I chose an income level and then a contribution level (17% of income) that would have had made the goals quite achievable, including an allowance that the person might choose to have a targeted cost of living level (a fuck you status level) that would be nearly 3x higher than his already accustomed income level.  I largely kept the numbers steady for ease of calculation purposes, even though in reality we would have the income going up (to account for the cost of living changes) and the cost of living would go up too, perhaps the cost of living would go up faster than the income goes up - even though surely when guys are in their prime income earning stages, they have considerable potential to increase their income much faster than the increases in the cost of living, which might be part of the reason that guys in their younger years or even in their middle age years, they might not realize the true degrading aspects of their real wages in comparison to their nominal wages.

I was also not really attempting to impose outside standards on anyone, yet I would imagine that if a person can stop working and still earn 3x more than when he had been working, then he should end up feeling that he has achieved quite a lot in the various real world realities of self-satisfaction - so in that sense, I am somewhat suggesting that guys who are unwilling to accept a 3x improvement in their standard of living might well be more in line with unrealistic and fantasy-levels of high maintenance - since even within the parameters that I had set forth a person who reaches fuck you status and/or sustainable withdrawal status, he could also choose to purposefully withdraw quite a bit less than what the bitcoin stash would allow in order to allow the bitcoin stash to continue to grow.. and he also could choose to engage in forms of work that he finds to be more self-satisying and to earn supplemental income from his new and more voluntary forms of work.

There is a famous quote, which I can't remember where I read from (maybe Morgan housel, Psychology of Money), which says like this.

[his pal] made more money in a single day than Heller had earned from his wildly popular novel Catch-22 over its whole history.
Heller responds,
“Yes, but I have something he will never have … enough.”

There is some balance between quality of life, free time and wealth that we all need to manage somehow.

Edit: Found the author: Joseph Heller, from a hedge fund.

I have seen variations of that same statement (idea) in other places too.  I might have had seen it in the context of the intelligent investor book (or snipits of such book) from Benjamin Graham.. It is within the concept of living within your means and finding contentment in living within your means and ONLY increasing your standards of living when your means have increased.

I have also seen folks who poo-poo the ideas of living within your means, and surely there are a lot of people (perhaps in real estate?) who buy into the idea of getting rich by using other people's money, and sure those practices can end up doing quite well by leveraging debt in order to become way richer than otherwise even imagined.... so there are likely competing visions in regards to what is "enough," and surely there are most likely feelings of opulence when spending other people money to live a lavish life that is attractive to people and cause some of them to always want more and more and more.  Maybe differing personality types, too?

[tvplus006]

Being experienced doesn't stop anyone from lossing money in trading. Experience doesn't eliminate the risk that is involved in trading. However, experience may give them an hedge on how the market works. But it doesn't still change the fact that trading bitcoin is more like gambling with bitcoin...

There is no connection between trading and gambling, unless you are a gambler yourself. Otherwise, then any trade could be considered gambling, which in particular applies to the stock market and trading in apples at the bazaar. And if you use risk management in trading, then trading will never become a casino for you.

[Bitcoin_Budha]

There is no connection between trading and gambling, unless you are a gambler yourself. Otherwise, then any trade could be considered gambling, which in particular applies to the stock market and trading in apples at the bazaar. And if you use risk management in trading, then trading will never become a casino for you.

Sometime peoples create serious chaos about trading and gambling connection even mostly are well aware about ethics and difference but still they wanted to be having some similarity and keep things in talk about them.
I strongly believe there is no connection between them until you personal engage them and create problems for yourself I am studying some things even I am aware about many but this crypto makes my life on good way because with the investment in Bitcoin now I am feeling much better and now trying to keep accumulation for long time.

DCA is the easiest because a new investor without any experience can easily DCA overtime without having any problem or issues provided that he has figured out his discretionary income and uses the right amount to DCA weekly with a long-term mindset.

As he keeps on buying, he continues learning about the market and gain more confidence on bitcoin which can make him DCA aggressively whenever, he can. Trading is out of it and a path to losses.

I have to be agreed with you about this I am new but after studying and have good information about this system I am feeling comfortable and now looking for some more updates and information which will keep me on good level about my investment in Bitcoin because first time in trading or investing I am feeling good and positive about my long run strategy hopefully my adoption or change will give me good return.

[JayJuanGee]

Being experienced doesn't stop anyone from lossing money in trading. Experience doesn't eliminate the risk that is involved in trading. However, experience may give them an hedge on how the market works. But it doesn't still change the fact that trading bitcoin is more like gambling with bitcoin...

There is no connection between trading and gambling, unless you are a gambler yourself. Otherwise, then any trade could be considered gambling, which in particular applies to the stock market and trading in apples at the bazaar. And if you use risk management in trading, then trading will never become a casino for you.

Trading is very similar to gambling - especially when we are talking about bitcoin and considering the difference between investing and trading.  If you trade with bitcoin, you are likely to be engaging in a form of gambling, especially if your goal is to accumulate more bitcoin, then if you are selling in order to accumulate more bitcoin, you are doing the opposite of what you should be doing and you are taking a chance the BTC price is going to go down rather than up.  it is not a good idea to trade (or gamble) with bitcoin.  it is much better to invest, which means ongoingly buying bitcoin and not selling it until you reach over accumulation status, perhaps 4-10 years or longer into the future.

Guys who are trying to defend trading may well not even know what investing is, and if they are trying to trade bitcoin, they likely don't know what bitcoin is.

DCA is better applied to investing rather than trading, and DCA applies to bitcoin since bitcoin has strong fundamental values.  If you are getting involved in shitcoins and wanting to use DCA with shitcoins, then you are also likely confused because shitcoins are also like trading and/or gambling, and not recommended to do, unless you want to get in and out of them and you are not taking away from your bitcoin investment budget to do it... so for example, don't fuck around with either shitcoins or trading or gambling with more than 10% the size of your bitcoin holdings. In other words, focus on just building your bitcoin holdings through buying only and that would be focusing on investing.. NOT trading and/or gambling.

DCA is the easiest because a new investor without any experience can easily DCA overtime without having any problem or issues provided that he has figured out his discretionary income and uses the right amount to DCA weekly with a long-term mindset.

As he keeps on buying, he continues learning about the market and gain more confidence on bitcoin which can make him DCA aggressively whenever, he can. Trading is out of it and a path to losses.

I have to be agreed with you about this I am new but after studying and have good information about this system I am feeling comfortable and now looking for some more updates and information which will keep me on good level about my investment in Bitcoin because first time in trading or investing I am feeling good and positive about my long run strategy hopefully my adoption or change will give me good return.

If you are really wanting to focus on investing in bitcoin, then hopefully, you figure out ways to buy only and not to be trying to trade bitcoin or to engage in selling if your goals are to build up the stack size of your bitcoin, which is done through ongoing buying of bitcoin, not selling it.  So, for your own good, hopefully your figure out how to invest rather than trade (or gamble) in regards to your building up your bitcoin holdings, which can take 4-10 years or longer to really make progress, depending on how much of your income you are able to put into bitcoin through buying only on a regular, persistent, consistent, ongoing and perhaps even aggressive way.

[MainIbem]

If you are really wanting to focus on investing in bitcoin, then hopefully, you figure out ways to buy only and not to be trying to trade bitcoin or to engage in selling if your goals are to build up the stack size of your bitcoin, which is done through ongoing buying of bitcoin, not selling it.  So, for your own good, hopefully your figure out how to invest rather than trade (or gamble) in regards to your building up your bitcoin holdings, which can take 4-10 years or longer to really make progress, depending on how much of your income you are able to put into bitcoin through buying only on a regular, persistent, consistent, ongoing and perhaps even aggressive way.

Bitcoin is becoming very scarce and the best way anyone can get more of it is to buy and hodl it, well I know that some folks are prone to risk taking but taking risk with an asset with the potential of generating more funds in the future makes no sense, funny enough many folks do it without knowing that it's the wrong way of accumulating, although there are folks who purposely take the risk (gamble) with their asset thinking they'll get more of it. Anyways, there's no two ways about it anyone that's willing to get Bitcoin or more of it in their portfolio should be willing to be patient, be consistent and prioritise long-term holding which is 4-10 years like you mentioned.