Does the DCA strategy inspire newbies to invest?

[JayJuanGee]

People make choices that sometimes is followed by action (or inaction), and sometimes they regret their decisions, actions and/or inactions at a later date.

When it comes to Bitcoin investments, it is the inactions that tends to affect people the most, the inactions that make one wants to procrastinate, it makes someone to try and speculate without having enough data or the idea on how to analyze the market and most times, these individuals find themselves taking their time to do absolutely nothing, not having to invest but, having the time to count on a loss they never encountered due to missed opportunities. Inactions is in itself an action of not having to do nothing and that’s one place the DCA strategy looks to eradicate.

You have not said anything incorrectly, yet there is value in attempting to relate to how hard it can be for people to get started...and add a new activity or a new habit..   

Each of us have probably experienced situations when we think that we have enough "on our plate," and enough things (or more than enough) that we are supposed to do, so it can tend to take time to add a new activity (or habit).. 

Many of us likely have the same issues, and perhaps we even have a list of things that we are doing or need to do, yet we also might get distracted into other activities, watching TV or attending family events or maybe our car (or motorcycle) broke down, so we are scrambling to figure out how to fix it, yet at a price that is affordable. And, even more expenses and drama if a family is involved with trying to negotiate expenses and even how time is spent.

So maybe we are lucky if we are able to dedicate 3 hours per week to "look into bitcoin," to the extent that we might have other competing demands on our time, including needs to work, and maybe the work does not even pay enough.. but we don't really have much choice, so sometimes we might spend our free time to look for a better job that pays more and does not demand so much of our time... yet if we are able to figure out when we are able to dedicate 3 hours per week looking into bitcoin, yet we might be confused about where to start and a need to keep a list of what parts we feel that we need to look into, and so many times, personally, I tend to think that more time needs to be looked at organizing personal finances rather than bitcoin itself, yet it is likely that there are needs to look into and organizing both (investment into bitcoin and putting strong cashflow management practices - including back up funds - into place).

You are correct that DCA can create avenue to get started.. but it still might take some time to figure out how to source the coins.. and then even failures to make sure to build back up funds, so then the beginner wings it, but might also get frustrated with price moves or even figuring out how to source his coins and getting into a habit of buying ever week (or whatever the investment time interval might end up being).

I think that part of the reason that many of us emphasize getting started is because even when a guy intends to get started, it still tends to take a long time for him to do all the things that he thinks that he needs to do, even though many of us know that many times, if he just starts out small, then he can work bitcoin into his routine.. so it is better to get started as soon as possible and to start small.. and then to build up to greater amounts, with some needs for the guy to prioritize something like buying every week, and perhaps studying it at least a couple of hours each week during the period that he is getting used to investing in it and also while he is also bolstering his cashflow management systems/practices.

[Taskford]

When it comes to Bitcoin investments, it is the inactions that tends to affect people the most, the inactions that make one wants to procrastinate, it makes someone to try and speculate without having enough data or the idea on how to analyze the market and most times, these individuals find themselves taking their time to do absolutely nothing, not having to invest but, having the time to count on a loss they never encountered due to missed opportunities. Inactions is in itself an action of not having to do nothing and that’s one place the DCA strategy looks to eradicate.

You have not said anything incorrectly, yet there is value in attempting to relate to how hard it can be for people to get started...and add a new activity or a new habit..   

Each of us have probably experienced situations when we think that we have enough "on our plate," and enough things (or more than enough) that we are supposed to do, so it can tend to take time to add a new activity (or habit).. 

Many of us likely have the same issues, and perhaps we even have a list of things that we are doing or need to do, yet we also might get distracted into other activities, watching TV or attending family events or maybe our car (or motorcycle) broke down, so we are scrambling to figure out how to fix it, yet at a price that is affordable. And, even more expenses and drama if a family is involved with trying to negotiate expenses and even how time is spent.

So maybe we are lucky if we are able to dedicate 3 hours per week to "look into bitcoin," to the extent that we might have other competing demands on our time, including needs to work, and maybe the work does not even pay enough.. but we don't really have much choice, so sometimes we might spend our free time to look for a better job that pays more and does not demand so much of our time... yet if we are able to figure out when we are able to dedicate 3 hours per week looking into bitcoin, yet we might be confused about where to start and a need to keep a list of what parts we feel that we need to look into, and so many times, personally, I tend to think that more time needs to be looked at organizing personal finances rather than bitcoin itself, yet it is likely that there are needs to look into and organizing both (investment into bitcoin and putting strong cashflow management practices - including back up funds - into place).

You are correct that DCA can create avenue to get started.. but it still might take some time to figure out how to source the coins.. and then even failures to make sure to build back up funds, so then the beginner wings it, but might also get frustrated with price moves or even figuring out how to source his coins and getting into a habit of buying ever week (or whatever the investment time interval might end up being).

I think that part of the reason that many of us emphasize getting started is because even when a guy intends to get started, it still tends to take a long time for him to do all the things that he thinks that he needs to do, even though many of us know that many times, if he just starts out small, then he can work bitcoin into his routine.. so it is better to get started as soon as possible and to start small.. and then to build up to greater amounts, with some needs for the guy to prioritize something like buying every week, and perhaps studying it at least a couple of hours each week during the period that he is getting used to investing in it and also while he is also bolstering his cashflow management systems/practices.

It can really feel overwhelming we try to start new things like Bitcoin, especially if they are already in state on which they have lots of expenses and responsibilities in life. But if they really want to invest they should not wait for something like they wait before everything goes perfect. Because opportunity rarely comes and instead of thinking about those thing they can actually start small and for sure that they get motivated to continue then maybe try to invest big in future if they already see that they already accumulate decent volume of Bitcoin.

Over time those small routines they made on Bitcoin will became their natural activity and they can start to adjust their finances then their confidence to continue will provably grow.

What's important is really to start since everything will follow, especially if they start to develop good discipline the way how they handle their finances.

[Obulis]

DCA strategy remains more beneficial and easy for newbies and other investors to accumulate because it enables investors to buy good quantity of bitcoin which ordinarily you would not be able to buy without using DCA

Using dca help you grow your bitcoin holdings effectively and efficiently without stress and pressure of buying bigger quantities once  for those that have smaller amount of of their discretionary income .

In bringing to light the tremendous advantages of DCA strategy, saying that " it enables investors to buy good quantity of bitcoin which ordinarily you would not be able to buy without using DCA" is not a general advantage. Saying some thing like that requires being specific, like some poor income earners are hardly able to have savings or they easily spend their little discretionary funds on consumables so directing these little resources to Bitcoin accumulation using DCA strategy gives them the chance of gathering Bitcoin that ordinarily they won't have been able to gather.

[Showlove01]

People make choices that sometimes is followed by action (or inaction), and sometimes they regret their decisions, actions and/or inactions at a later date.

When it comes to Bitcoin investments, it is the inactions that tends to affect people the most, the inactions that make one wants to procrastinate, it makes someone to try and speculate without having enough data or the idea on how to analyze the market and most times, these individuals find themselves taking their time to do absolutely nothing, not having to invest but, having the time to count on a loss they never encountered due to missed opportunities. Inactions is in itself an action of not having to do nothing and that’s one place the DCA strategy looks to eradicate.

It is really needless for someone to be speculating or trying to analyze the market because it is of no use to an investor and trust me any investor that is doing all these means they don't know what Bitcoin investment is all about but someone who does, will understand and know it is actually a waste to be doing that. Traders are the ones who analyze and speculate because they believe doing that will help them make a lot of profit. And sometimes I think what causes this inaction is ignorant yes.

[cocadalcan]

People make choices that sometimes is followed by action (or inaction), and sometimes they regret their decisions, actions and/or inactions at a later date.

When it comes to Bitcoin investments, it is the inactions that tends to affect people the most, the inactions that make one wants to procrastinate, it makes someone to try and speculate without having enough data or the idea on how to analyze the market and most times, these individuals find themselves taking their time to do absolutely nothing, not having to invest but, having the time to count on a loss they never encountered due to missed opportunities. Inactions is in itself an action of not having to do nothing and that’s one place the DCA strategy looks to eradicate.

It is really needless for someone to be speculating or trying to analyze the market because it is of no use to an investor and trust me any investor that is doing all these means they don't know what Bitcoin investment is all about but someone who does, will understand and know it is actually a waste to be doing that. Traders are the ones who analyze and speculate because they believe doing that will help them make a lot of profit. And sometimes I think what causes this inaction is ignorant yes.

Market analysis will increase your knowledge base. It is probably best not to discourage any investors. Many investors accumulate Bitcoin and also start analyzing the market to increase their knowledge base. I do not find fault with their efforts. Most traders who are involved in short-term trading and are mentally prepared to buy and sell are the ones who lose most of the time. Estimating the price and predicting the future may seem unnecessary to some who are accumulating Bitcoin in the DCA method but I think it is necessary for those investors to learn about Bitcoin and the market.

[B-BossMan]

People make choices that sometimes is followed by action (or inaction), and sometimes they regret their decisions, actions and/or inactions at a later date.

When it comes to Bitcoin investments, it is the inactions that tends to affect people the most, the inactions that make one wants to procrastinate, it makes someone to try and speculate without having enough data or the idea on how to analyze the market and most times, these individuals find themselves taking their time to do absolutely nothing, not having to invest but, having the time to count on a loss they never encountered due to missed opportunities. Inactions is in itself an action of not having to do nothing and that’s one place the DCA strategy looks to eradicate.

Each of us have probably experienced situations when we think that we have enough "on our plate," and enough things (or more than enough) that we are supposed to do, so it can tend to take time to add a new activity (or habit).. 

Many of us likely have the same issues, and perhaps we even have a list of things that we are doing or need to do, yet we also might get distracted into other activities, watching TV or attending family events or maybe our car (or motorcycle) broke down, so we are scrambling to figure out how to fix it, yet at a price that is affordable. And, even more expenses and drama if a family is involved with trying to negotiate expenses and even how time is spent.

So maybe we are lucky if we are able to dedicate 3 hours per week to "look into bitcoin," to the extent that we might have other competing demands on our time, including needs to work, and maybe the work does not even pay enough.. but we don't really have much choice, so sometimes we might spend our free time to look for a better job that pays more and does not demand so much of our time... yet if we are able to figure out when we are able to dedicate 3 hours per week looking into bitcoin, yet we might be confused about where to start and a need to keep a list of what parts we feel that we need to look into, and so many times, personally, I tend to think that more time needs to be looked at organizing personal finances rather than bitcoin itself, yet it is likely that there are needs to look into and organizing both (investment into bitcoin and putting strong cashflow management practices - including back up funds - into place).

You are correct that DCA can create avenue to get started.. but it still might take some time to figure out how to source the coins.. and then even failures to make sure to build back up funds, so then the beginner wings it, but might also get frustrated with price moves or even figuring out how to source his coins and getting into a habit of buying ever week (or whatever the investment time interval might end up being).

I think that part of the reason that many of us emphasize getting started is because even when a guy intends to get started, it still tends to take a long time for him to do all the things that he thinks that he needs to do, even though many of us know that many times, if he just starts out small, then he can work bitcoin into his routine.. so it is better to get started as soon as possible and to start small.. and then to build up to greater amounts, with some needs for the guy to prioritize something like buying every week, and perhaps studying it at least a couple of hours each week during the period that he is getting used to investing in it and also while he is also bolstering his cashflow management systems/practices.

It is true, and I agree with your points completely, everyone of us encountered situations where we may have already written down many plans or responsibilities and unexpected problems comes up suddenly and started competing for our money and time, sometimes one may  actually plan to save or invest for a purpose particularly,  but eventually other impotant things comes up, either the family need and other logistics that are also important to do, and these are the some of the issues some us are facing that make them procrastinating at times.

That's why once someone has some funds on ground already, don't hesitate or delay your investment, just look after the right things before something should arise,toomuch delays will definitely courses problems, and  that is why its always advisable to have or keep your emergency funds separately from your investment, because this is the money you don't need to touch any time soon, till after several years of long term investment, however there's no perfect time to invest in Bitcoin.

For example, if I am the kind of person thst doesn't want to put all my money, I will do my calculation based on my bills on me, then invest 70% of money into bitcoin and keep the remaining one as an emergency savings. Though this may not work for some people since we are individuals differences. But if at all using DCA strategies also has an advantages and it reduces presures, and it help in managing your price volatility by purchasing your bitcoin consistently, on either monthly or weekly (your choice). People just need to train themselves on endurance and also develop financial discipline on themselves over a period of time, and the DCA strategy would actually help them on managing funds and other financial responsibilities on them.

[MusaPk]

Lowest price so far for this correction has been $59,930 on February 5 on Bitstamp.

We can never really know for sure if the bottom is in, at least not  until some time has passed and also perhaps the price gets some distance from whatever is the current bottom.

I likely am not going to be comfortable to start to proclaim that the bottom is in until the price goes above $100k and stays above $100k for several days.. perhaps more than a week.

Agree. It will be more appropriate to label the bottom when price has gone far up and stay there for a while. Like in current cycle, we can declare $59,930 as bottom if price goes to 100,000$ and stay there. Right now the price is $73,000 and its not too far from $59,930 or we can say there is possibility of Bitcoin going further below $59,930.

And, sure, I don't really know, but I frequently become uncomfortable with calling local bottoms (or tops) too early... and yeah, the person who is DCAing.. especially those who are on the newer side, should not be pending very much time focusing on the price, but instead focusing on persistent, consistent, regular and perhaps even aggressive buying.. and sure, aggressive buying might not be reasonable unless the person's finances, cashflow (including back up funds) are in good order. 

In other words, from my point of view, level of aggressiveness should be more based on the strength of the cashflows and back up funds rather than the BTC prices.. and sure, if we are engaged in a system of ongoing buying of bitcoin, there may well be cases that we get our systems and practices in place, and then maybe from time to time, we receive extra funds that we can buy more bitcoin with those extra funds as soon as they come in, because we already have strong systems/practices (habits) in place.

Agree. The newbie and no coiners must not worry about price but there priority must to be keep buying unless they have an adequate number of Bitcoins in there wallets. After that they can plan when to be more aggressive in buying and when to just simply maintain the pace.

Why its important for newbie (no coiner) to start buying is that once they start starting buying they have a reference point and based on that reference point they can plan future Bitcoin investment. If you don't have any coin nor you are buying then there is no high nor any low for you. 

[JayJuanGee]

People make choices that sometimes is followed by action (or inaction), and sometimes they regret their decisions, actions and/or inactions at a later date.

When it comes to Bitcoin investments, it is the inactions that tends to affect people the most, the inactions that make one wants to procrastinate, it makes someone to try and speculate without having enough data or the idea on how to analyze the market and most times, these individuals find themselves taking their time to do absolutely nothing, not having to invest but, having the time to count on a loss they never encountered due to missed opportunities. Inactions is in itself an action of not having to do nothing and that’s one place the DCA strategy looks to eradicate.

It is really needless for someone to be speculating or trying to analyze the market because it is of no use to an investor and trust me any investor that is doing all these means they don't know what Bitcoin investment is all about but someone who does, will understand and know it is actually a waste to be doing that. Traders are the ones who analyze and speculate because they believe doing that will help them make a lot of profit. And sometimes I think what causes this inaction is ignorant yes.

Your way of describing the situation is why we frequently suggest that if the investor is doing any analysis, then the main analysis would be in regards to analyzing his cashflows and figuring out a reasonable amount of bitcoin that he is able to buy each week (to the extent that he is buying weekly).. Sure, there is nothing wrong with doing some other analysis of the market as long as it is not distracting from the main analysis and the ongoing and persistent buying of bitcoin, especially for guys who might be new and needing to take a cycle or more to build their bitcoin position.

It seems to me that the more bitcoin that they accumulate (such as if they get to a point that their bitcoin is enough to cover 6-12 months of their expenses or more), then there may be more room to start to make various analysis of their progress and perhaps assessments in regards to whether they might need to adjust the aggressiveness of their bitcoin accumulation strategies/practices.

Sometimes, even when they have been accumulating bitcoin and the value of their bitcoin had changed in regards to how much they put in, they still might get distracted by such value changes and the extent to which they might be justified in changing their bitcoin accumulation strategies/practices, even though ongoing DCA may well tend to be amongst the better of things to keep on doing.. even though each person has to figure out for himself and perhaps hope that he does not end up undermining his own wealth building attempts if he might move away from persistent and continued buying of bitcoin until he reaches some reasonable and meaningful level of over accumulation.

I have frequently suggested that guys who are investing in bitcoin have more options once they reach overaccumulation status, yet they still might make mistakes in terms of their own assessment about the extent to which they had reached such overaccumulation status.

[edited out]

It is true, and I agree with your points completely, everyone of us encountered situations where we may have already written down many plans or responsibilities and unexpected problems comes up suddenly and started competing for our money and time, sometimes one may  actually plan to save or invest for a purpose particularly,  but eventually other impotant things comes up, either the family need and other logistics that are also important to do, and these are the some of the issues some us are facing that make them procrastinating at times.

That's why once someone has some funds on ground already, don't hesitate or delay your investment, just look after the right things before something should arise,toomuch delays will definitely courses problems, and  that is why its always advisable to have or keep your emergency funds separately from your investment, because this is the money you don't need to touch any time soon, till after several years of long term investment, however there's no perfect time to invest in Bitcoin.

For example, if I am the kind of person thst doesn't want to put all my money, I will do my calculation based on my bills on me, then invest 70% of money into bitcoin and keep the remaining one as an emergency savings. Though this may not work for some people since we are individuals differences. But if at all using DCA strategies also has an advantages and it reduces presures, and it help in managing your price volatility by purchasing your bitcoin consistently, on either monthly or weekly (your choice). People just need to train themselves on endurance and also develop financial discipline on themselves over a period of time, and the DCA strategy would actually help them on managing funds and other financial responsibilities on them.

Part of the points of my earlier post was an attempt to describe pressures that are competing for time, energy and value of the guy who is a newbie to investing into bitcoin and how he is going to get started.  We cannot just assume away any of the factors, and surely it can take time for him to just "get to" looking into bitcoin further, and let's say that someone talks with him about bitcoin at a party (or family gathering), and he says, "yeah, that would be a good idea to get into bitcoin, I should look into it.".. .. so then maybe he set's himself up for a date in the next week or in the next couple of weeks to "look into it," but then something or another gets in the way .. and maybe the guy is not even very convinced about whether he should look into it.. even though bitcoin is in the back of his mind, but he does not feel comfortable until he answers a few questions for himself that might be resolved with 1-2 hours of research.. or maybe if he had a private tutor (of someone he trusts), he could come to resolve the matter in 30 minutes or so, yet he might not have that trusted person in hi life.. so he just relies upon his having some time to google it and then follow some of the links, which might not be helpful in order to get him over they hump of "looking into it" and into action of actually figuring out from where to begin to buy it.

So yeah there is competition for time, energy and money (might we call it attention?) that affects how high of a priority bitcoin might be as compared with other things that he has going on, even if at one point he had said, "that sounds interesting, I will look into it."  He still has to somehow figure out enough to get over his own reservations in regards to why he is not actually dedicating $100, $10 or some other reasonable amount towards actually getting started rather than merely looking into it and not really getting anywhere in his actually taking meaningful actions that would lead to measurable material progress.

[Bigjoe33]

Lowest price so far for this correction has been $59,930 on February 5 on Bitstamp.

We can never really know for sure if the bottom is in, at least not  until some time has passed and also perhaps the price gets some distance from whatever is the current bottom.

I likely am not going to be comfortable to start to proclaim that the bottom is in until the price goes above $100k and stays above $100k for several days.. perhaps more than a week.

Agree. It will be more appropriate to label the bottom when price has gone far up and stay there for a while. Like in current cycle, we can declare $59,930 as bottom if price goes to 100,000$ and stay there. Right now the price is $73,000 and its not too far from $59,930 or we can say there is possibility of Bitcoin going further below $59,930.

And, sure, I don't really know, but I frequently become uncomfortable with calling local bottoms (or tops) too early... and yeah, the person who is DCAing.. especially those who are on the newer side, should not be pending very much time focusing on the price, but instead focusing on persistent, consistent, regular and perhaps even aggressive buying.. and sure, aggressive buying might not be reasonable unless the person's finances, cashflow (including back up funds) are in good order. 

In other words, from my point of view, level of aggressiveness should be more based on the strength of the cashflows and back up funds rather than the BTC prices.. and sure, if we are engaged in a system of ongoing buying of bitcoin, there may well be cases that we get our systems and practices in place, and then maybe from time to time, we receive extra funds that we can buy more bitcoin with those extra funds as soon as they come in, because we already have strong systems/practices (habits) in place.

Agree. The newbie and no coiners must not worry about price but there priority must to be keep buying unless they have an adequate number of Bitcoins in there wallets. After that they can plan when to be more aggressive in buying and when to just simply maintain the pace.

Why its important for newbie (no coiner) to start buying is that once they start starting buying they have a reference point and based on that reference point they can plan future Bitcoin investment. If you don't have any coin nor you are buying then there is no high nor any low for you. 

The focal point is always starting, and after starting, then concentration on consistency of accumulation regardless of the current market price. Perhaps, such consistency becomes more easier if the investor uses the DCA and also managing his income Cash flow, income management and allocation.

Concentrations on price fluctuations by a newbie will not go down well as a downturn of price might seem discouraging to them and if time is not taking reduce the amount of accumulation. So, it is always best if they firstly, come into bitcoin investment with a long term investment mentality, and then setting a target plan for there accumulation journey. With this, they are only focused on accumulation, striking a balance with there income, expenditure and there investment too, while continuously accumulating Bitcoin gradually using the DCA

[Dogedegen]

Your way of describing the situation is why we frequently suggest that if the investor is doing any analysis, then the main analysis would be in regards to analyzing his cashflows and figuring out a reasonable amount of bitcoin that he is able to buy each week (to the extent that he is buying weekly).. Sure, there is nothing wrong with doing some other analysis of the market as long as it is not distracting from the main analysis and the ongoing and persistent buying of bitcoin, especially for guys who might be new and needing to take a cycle or more to build their bitcoin position.

I would say that the analysis about the cashflows is probably much more objective unless the person for some reason is lying to themselves. Analysis about the market can be helpful but from what I can see on those places where people do TA, a lot of it is subjective interpretation of some ways of doing analysis and many of them get it wrong a lot as least those that are publicly posted. We see it also frequently in the comments, some say that we are in the bull market, other says that we are in a bear market of the cycle or many other points. If these analysis were more objective, would we not be more accurate about where we are? That is why I'll stick with the breakdown of my own cashflows, and let the market do the market-ing pun intended.  

It seems to me that the more bitcoin that they accumulate (such as if they get to a point that their bitcoin is enough to cover 6-12 months of their expenses or more), then there may be more room to start to make various analysis of their progress and perhaps assessments in regards to whether they might need to adjust the aggressiveness of their bitcoin accumulation strategies/practices.

I think that any serious approach must use the revaluation of positions. I don't think that if we look back 10 years ago that more than a few people would have expected Bitcoin to rise so fast to $100k or more. Obviously some slow stacking plans from 2016 would have needed to be adapted if the people were ever to reach their goals in reasonable time. Twice per year or annual revaluation does not take a lot of time and can make the strategy sharper and increase the chance that the targets are going to be met. We see this also in shitcoins even more, not just with charts. The creators of those coins are desperate these days because things that worked in past cycles no longer work, and they failed to adapt their operations on time and now they are struggling. While they are suffering, Bitcoin has been doing its thing and winning.

I have frequently suggested that guys who are investing in bitcoin have more options once they reach overaccumulation status, yet they still might make mistakes in terms of their own assessment about the extent to which they had reached such overaccumulation status.

Overaccumulation state is the best state to be in. Still more often I find myself in the idealistic group, I always want to have more Bitcoin.

[EL MOHA]

I have frequently suggested that guys who are investing in bitcoin have more options once they reach overaccumulation status, yet they still might make mistakes in terms of their own assessment about the extent to which they had reached such overaccumulation status.

Overaccumulation state is the best state to be in. Still more often I find myself in the idealistic group, I always want to have more Bitcoin.

Not yet at that stage of over accumulation yet at least not anytime soon but let’s be honest I think bitcoin investors are now getting addicted in such way that they do not see themselves already at stage. I think the obsession with bitcoin isn’t that of a bad one but someone actually looking at their options and seeing that they do not have any other asset to actually go into even if they feel over accumulated already and they simply just carry on with their DCA strategy without holding back anything

[AYOBA]

It is really needless for someone to be speculating or trying to analyze the market because it is of no use to an investor and trust me any investor that is doing all these means they don't know what Bitcoin investment is all about but someone who does, will understand and know it is actually a waste to be doing that. Traders are the ones who analyze and speculate because they believe doing that will help them make a lot of profit. And sometimes I think what causes this inaction is ignorant yes.

Honestly when it come to trading firstly analysis the markets is the best way for everyone trader’s to get what they want, but some will be claiming that their the only one that knows all the is the Bitcoin is all about where they didn’t know anything that’s why all those kind of people lose more in trading, investments and trading everyone has their strategies but I don’t know why some will try to use one strategy for both and their expecting be successful how is going to be possible it couldn’t.

[Sunshine1525]

Honestly when it come to trading firstly analysis the markets is the best way for everyone trader’s to get what they want, but some will be claiming that their the only one that knows all the is the Bitcoin is all about where they didn’t know anything that’s why all those kind of people lose more in trading, investments and trading everyone has their strategies but I don’t know why some will try to use one strategy for both and their expecting be successful how is going to be possible it couldn’t.

It's anyone's choice to choose investment or risk more in trading but you can't come into Bitcoin with the mindset of trading and expect to be successful, such person might only make little gains when profit is taken too quick compared to when the Bitcoin in their wallet is held for long-term as required of an investor.

If Bitcoin is for long-term then people shouldn't be taking profits too early or try to use traders strategies which would mostly lead to taking profits early. Bitcoin has it's own strategies that would ensure holding for long-term such as the DCA and so, implementing traders strategies for Bitcoin investment would never make investors reach their targets.

[As-Soon-As]

It is really needless for someone to be speculating or trying to analyze the market because it is of no use to an investor and trust me any investor that is doing all these means they don't know what Bitcoin investment is all about but someone who does, will understand and know it is actually a waste to be doing that. Traders are the ones who analyze and speculate because they believe doing that will help them make a lot of profit. And sometimes I think what causes this inaction is ignorant yes.

Honestly when it come to trading firstly analysis the markets is the best way for everyone trader’s to get what they want, but some will be claiming that their the only one that knows all the is the Bitcoin is all about where they didn’t know anything that’s why all those kind of people lose more in trading, investments and trading everyone has their strategies but I don’t know why some will try to use one strategy for both and their expecting be successful how is going to be possible it couldn’t.

You are confusing the newbies because we are not talking about trading but about long term holding of Bitcoin. We are talking about long term Bitcoin investment and how to invest in Bitcoin because newbies will be interested in Bitcoin investment based on this discussion.
So don't try to divert the discussion of this topic, your discussion will be very helpful for the newbies so it would be a good idea to discuss long term Bitcoin holding.

[PhilosopherKing]

Honestly when it come to trading firstly analysis the markets is the best way for everyone trader’s to get what they want, but some will be claiming that their the only one that knows all the is the Bitcoin is all about where they didn’t know anything that’s why all those kind of people lose more in trading, investments and trading everyone has their strategies but I don’t know why some will try to use one strategy for both and their expecting be successful how is going to be possible it couldn’t.

It's anyone's choice to choose investment or risk more in trading but you can't come into Bitcoin with the mindset of trading and expect to be successful, such person might only make little gains when profit is taken too quick compared to when the Bitcoin in their wallet is held for long-term as required of an investor.

If Bitcoin is for long-term then people shouldn't be taking profits too early or try to use traders strategies which would mostly lead to taking profits early. Bitcoin has it's own strategies that would ensure holding for long-term such as the DCA and so, implementing traders strategies for Bitcoin investment would never make investors reach their targets.

It is pointless and needless for beginner to always be thinking about profit when they know they have not built enough stash in Bitcoin.  For a beginnee to be always be haing profit is mind is very risky because it drives trading which is risky.

People should have longtime target, to ongoingly invest for over a cycle, they should not get too obsessed about profit in the beginnung and first build enough stash before they can consider taking profits.

[ruykeri]

It is really needless for someone to be speculating or trying to analyze the market because it is of no use to an investor and trust me any investor that is doing all these means they don't know what Bitcoin investment is all about but someone who does, will understand and know it is actually a waste to be doing that. Traders are the ones who analyze and speculate because they believe doing that will help them make a lot of profit. And sometimes I think what causes this inaction is ignorant yes.

Honestly when it come to trading firstly analysis the markets is the best way for everyone trader’s to get what they want, but some will be claiming that their the only one that knows all the is the Bitcoin is all about where they didn’t know anything that’s why all those kind of people lose more in trading, investments and trading everyone has their strategies but I don’t know why some will try to use one strategy for both and their expecting be successful how is going to be possible it couldn’t.

Investing and trading are not the same thing. The time horizon of both is different, the purpose is different, the risk handling is different. And it is not right to spread any kind of positivity about trading in Bitcoin. Bitcoin is not actually for trading. But those who trade want to get rich in a short time. In most cases, they lose. Especially for beginners, it is more risky. Trading in Bitcoin not only damages you financially but also makes you mentally sick. Instead of creating assets by trading, stress builds.

[JayJuanGee]

Your way of describing the situation is why we frequently suggest that if the investor is doing any analysis, then the main analysis would be in regards to analyzing his cashflows and figuring out a reasonable amount of bitcoin that he is able to buy each week (to the extent that he is buying weekly).. Sure, there is nothing wrong with doing some other analysis of the market as long as it is not distracting from the main analysis and the ongoing and persistent buying of bitcoin, especially for guys who might be new and needing to take a cycle or more to build their bitcoin position.

I would say that the analysis about the cashflows is probably much more objective unless the person for some reason is lying to themselves. Analysis about the market can be helpful but from what I can see on those places where people do TA, a lot of it is subjective interpretation of some ways of doing analysis and many of them get it wrong a lot as least those that are publicly posted. We see it also frequently in the comments, some say that we are in the bull market, other says that we are in a bear market of the cycle or many other points. If these analysis were more objective, would we not be more accurate about where we are? That is why I'll stick with the breakdown of my own cashflows, and let the market do the market-ing pun intended.  

I like to consider the matter, as much a possible, in terms of trying to organize and control the knowns rather than the unknowns.

Sure, any of us can have some ideas in terms the BTC price going up, down or sideways, yet they are at best probabilities that might have greater than 50/50 odds.. so then whatever we are doing should have more knowns and knowable in regards to how often we might be buying and with how much. ..

Yet, at the same time if we attempt to prepare financially and psychologically for either direction.. then we likely will know what we are doing in that regard too, and perhaps the extent to which our numbers might change.. but likely our numbers are changing based on how much of our discretionary income we want to put in.. Ae we going to keep it $100 per week and do we make our buy on a certain day of the week or do we have some flexibility in regards to when we buy?

It seems to me that the more bitcoin that they accumulate (such as if they get to a point that their bitcoin is enough to cover 6-12 months of their expenses or more), then there may be more room to start to make various analysis of their progress and perhaps assessments in regards to whether they might need to adjust the aggressiveness of their bitcoin accumulation strategies/practices.

I think that any serious approach must use the revaluation of positions. I don't think that if we look back 10 years ago that more than a few people would have expected Bitcoin to rise so fast to $100k or more. Obviously some slow stacking plans from 2016 would have needed to be adapted if the people were ever to reach their goals in reasonable time. Twice per year or annual revaluation does not take a lot of time and can make the strategy sharper and increase the chance that the targets are going to be met. We see this also in shitcoins even more, not just with charts. The creators of those coins are desperate these days because things that worked in past cycles no longer work, and they failed to adapt their operations on time and now they are struggling. While they are suffering, Bitcoin has been doing its thing and winning.

Well if a person has an income that varies between $1,800 and $3,500 with a typical average of around $2,500, and he has basic expenses that trend between $1,200 and $1,800, then hopefully he is preparing for the worst case scenario, yet he is going to be pleasantly surprised much of the time.

Maybe he also has some system in which no matter what he is buying $30 per week of bitcoin, and he has a side fund that is around $600, so he knows that side fund covers 20 weeks, yet from time to time, he might have to replenish his side fund, and maybe most of the weeks he is investing $100, but he has some variability.. and sometimes he might even figure out some ways to garner up some extra funds so he can buy more or so that he can put the extra funds into his back up funds.

Yeah, if he has more complicated expenses (perhaps a family that is a bit unreliable in terms of expenses) and income situations that are not steady.. then he is potentially in more trouble and has to keep more back up funds to account for the variability.

I have frequently suggested that guys who are investing in bitcoin have more options once they reach overaccumulation status, yet they still might make mistakes in terms of their own assessment about the extent to which they had reached such overaccumulation status.

Overaccumulation state is the best state to be in. Still more often I find myself in the idealistic group, I always want to have more Bitcoin.

I personally think that the guys that get into the most trouble is if they prematurely declare themselves in overaccumulation status, so we have likely heard about guys who quit their jobs or took other actions, but they were not quite at a place where they could support themselves, so then if the start drawing from their bitcoin they are depleting their principle, and so if the guy has enough or more than enough, then it is likely that the whole value of the bitcoin holdings is growing faster than it is being withdrawn from, so, if the guy has a 30% cushion, then that extra 30% continues to compound upon itself, and there might be some time in the future that he might draw upon some of that extra BTC.

On the other hand, if the guy is maximizing his withdrawal, then he might figure out that he is withdrawing too much too soon.. so he has to figure out how to cut his budget... and from my perspective, it is better to pre-emptively cut one's budget rather than being forced into a situation in which the cutting of the budget is due to the principle not being enough to support the amount that is being withdrawn.

Honestly when it come to trading firstly analysis the markets is the best way for everyone trader’s to get what they want, but some will be claiming that their the only one that knows all the is the Bitcoin is all about where they didn’t know anything that’s why all those kind of people lose more in trading, investments and trading everyone has their strategies but I don’t know why some will try to use one strategy for both and their expecting be successful how is going to be possible it couldn’t.

It's anyone's choice to choose investment or risk more in trading but you can't come into Bitcoin with the mindset of trading and expect to be successful, such person might only make little gains when profit is taken too quick compared to when the Bitcoin in their wallet is held for long-term as required of an investor.

If Bitcoin is for long-term then people shouldn't be taking profits too early or try to use traders strategies which would mostly lead to taking profits early. Bitcoin has it's own strategies that would ensure holding for long-term such as the DCA and so, implementing traders strategies for Bitcoin investment would never make investors reach their targets.

It is pointless and needless for beginner to always be thinking about profit when they know they have not built enough stash in Bitcoin.  For a beginnee to be always be haing profit is mind is very risky because it drives trading which is risky.

People should have longtime target, to ongoingly invest for over a cycle, they should not get too obsessed about profit in the beginnung and first build enough stash before they can consider taking profits.

Unless a guy is front loading his investment a lot (and most people cannot do that) then it is going to tend to take 4-10 years or longer to really build up a bitcoin portfolio... and most likely closer (or longer than) 10 years rather than 4 years.

[Qhunman]

Honestly when it come to trading firstly analysis the markets is the best way for everyone trader’s to get what they want, but some will be claiming that their the only one that knows all the is the Bitcoin is all about where they didn’t know anything that’s why all those kind of people lose more in trading, investments and trading everyone has their strategies but I don’t know why some will try to use one strategy for both and their expecting be successful how is going to be possible it couldn’t.

I don't agree with you because our major discussion on this thread isn't about trading but longer term bitcoin investment. So trading and analyzing the market isn't what we should be discussing and it could be misleading to newbies who visit this thread to learn about bitcoin.
Secondly, analysing the market isn't the best way to go about bitcoin because it's pointless as you will never get it correctly. why trying to predict market that you're not in control, your analysis will never be accurate no matter how expertise you are in the field. So the best way to go about bitcoin is investing for the long term and buy consistently when you have discretionary income regardless of bitcoin price.

[Nadifa2030]

Well explained 👏 Just to add a bit more from my side DCA is not only a strategy, it actually builds discipline. Investing regularly creates a habit, and in the long run, consistency matters more than trying to time the market. In crypto, emotions are the biggest enemy. People panic when price drops and get greedy when it pumps. With DCA, that emotional pressure is reduced a lot since you're following a fixed plan. Also, one important thing whether it’s Bitcoin or any other crypto, never invest blindly. Always do your own research. Have a clear idea why you're investing and how long you plan to hold. That makes decision-making much easier. At the end of the day, profit is important, but protecting your capital is even more important. Manage your risk wisely and move forward step by step. Slow and steady always wins 👍

[MusaPk]

The focal point is always starting, and after starting, then concentration on consistency of accumulation regardless of the current market price. Perhaps, such consistency becomes more easier if the investor uses the DCA and also managing his income Cash flow, income management and allocation.

Concentrations on price fluctuations by a newbie will not go down well as a downturn of price might seem discouraging to them and if time is not taking reduce the amount of accumulation. So, it is always best if they firstly, come into bitcoin investment with a long term investment mentality, and then setting a target plan for there accumulation journey. With this, they are only focused on accumulation, striking a balance with there income, expenditure and there investment too, while continuously accumulating Bitcoin gradually using the DCA

If you have spend 4 years or more in Bitcoin and seen Bitcoin price falling to extra ordinary lows and then going up to new ATHs then your understanding about Bitcoin can't be compared with a new comer because a new comer has not experienced such things while his capital is invested in Bitcoin. A new comer has to start from somewhere and its a matter of time that as he start accumulating Bitcoin with his money and also see Bitcoin price fluctuating to new highs and lows, only then he can figure out when to buy more and when to just maintain pace. It also take time before we understand that DCA is an effective strategy.  

Yet, at the same time if we attempt to prepare financially and psychologically for either direction.. then we likely will know what we are doing in that regard too, and perhaps the extent to which our numbers might change.. but likely our numbers are changing based on how much of our discretionary income we want to put in.. Ae we going to keep it $100 per week and do we make our buy on a certain day of the week or do we have some flexibility in regards to when we buy?

If you have decided to invest 100$ per week then decide a day and buy on that particular day. We can do some some variations like we can buy a day or two earlier from our specified day and likewise we can delay it but it should be in a manner that 100$ is invested within a week. This variation on buying days will only be done if we think we are getting good price before or after our specified day. If we just go with strategy that I will buy whenever I have mood then you might have same portfolio like Saylor has right now.