I guess there was another thread for the lightning network. I can't find it anymore.
Here's one of the main lightning network threads by Rath_Funny. I did not know about the quoted lighting network thread, and I thought that I knew about all of the italian stallion's threads...
hahahahahaha
Hey all just wanted give everyone an update on my DCA for 2022. I have been flip flopping between two strategies through the year:
DCA - buy btc on fixed date and frequency
Ladder + DCA - ladder order down 5-10% from DCA buy price. Using lump for ladder down or sometimes if the dca amount was good peeling off for ladder orders.
It is nice to see when other members attempt to show some of the details regarding what they have been doing, and for sure, it can be challenging to try to both establish a somewhat comprehensive strategy and then to try to stick with such strategy - and maybe even tweaking along the way if goals are not being met.. or circumstances change.
I see your forum registration date is in May 2021, yet are you saying that you did not start with your current strategy until 2022? I am not saying that it is a bad thing to start from 2022 - especially after we have seen a mostly downward BTC price slope in 2022 that really got going in May 2022 and thereafter - even though prior to May 2022 - we could not have necessarily known that the BTC price was going to go lower than the $40ks and those various supra $40k prices that we were having prior to May 2022.
I think I understand what you mean buy ladders from your DCA price, which would be merely making additional BTC buys on if the BTC price drops and then your DCA buys would begin somewhere in the 5% to 10% area. and then have further increments of buys on the way down (if the BTC price goes down). I would suggest that even if you have a first buying threshold that is 5% or even 10% down from the current price, you need not have 5% to 10% increments between the subsequent ladder down prices. But of course, you can do what you want in terms of your own comfort regarding how much of a spread you want in terms of the first buy threshold and then in terms of how much of a percentage increment you want between your buy on the dip orders. Sometimes you can play around with the sizes and the spreads of each of these buy orders in order to account for the various individual factors in your life that include but not limited to your personal cashflow matters.
Regarding your peeling off statement, I gather that would be a kind of small amount of selling of BTC in order to allow for your buys on the dips to become larger? I have never really developed my own straight thinking about the selling on the way up practices, especially for newbie BTC accumulators. Frequently, I have recommended against any amount of BTC selling until such newbie BTC accumulator has reached a relatively high level of BTC accumulation, and then the shaving off would be small and apportioned based on ONLY a small percentage of how much BTC had been accumulated - therefore, as the BTC stash grows, then the amount of self-authorized sales levels would go up based on the BTC stash growing. In other words, for the BTC accumulating newbie, if the BTC stash is not growing (and ends up shrinking),. then the amount of BTC authorized for selling needs to be strictly monitored in order to NOT go very high with those BTC selling amounts. Logically the strictness of the amounts of BTC that can be sold would reduce as the BTC stash is getting larger and under the assumption that the BTC holder has accumulated decently large amounts of BTC that bring him/her to fuck you status or in fuck you status or even clearly having fuck you status within grasps.. (and surely how you define fuck you status can change your calculations, too.. that's another story, right?)
I met my 2022 goal just shy of 3 months early, and was able to capture close to the ATL. Happy with the avg price.
It seems that when we have decently solid and conservative plans, then there are greater likelihoods to meet or to exceed the meeting of the goals within the plans. A lot of people have difficulties sticking with their plans, so have to congratulate you about that.. and surely it is a bonus if you reach and exceed your goals.
One thing about being in BTC accumulation mode, you might sometimes feel stressful about the extent to which you are being reasonable in your goals and/or your strategies to reach the goals, but it can sometimes be more measurable than creating maintenance goals.. not that I would necessarily want to go back to being in my primarily BTC accumulation stages... I appreciate comforts of being in more of a maintenance stage - even though it seems that I have accumulated more bitcoin than I thought that I would have also.. I am not exactly sure about the number.. but it seems that I have more BTC than I had expected to have at this time, and less cash than I had expected.. not really suffering in any significantly material way though... except maybe on the margins.. if anyone might infer what that might mean... hahahahaaha
With having some data now I have been preparing for next uppity and next downity. I feel even with my conservative uppity numbers, and an assumption of 80% of the next downity, there is still a great return comparing to current average price I have with no need to sell. I can comfortably continue DCA even with market going up. If uppity goes to medium conservative price its a bonanza, and likewise for not conservative(which may be the next next cycle conservative)
It's really great that you have projected out a variety of possible scenarios. Personally, I hate to devolve into too much presumptiveness in regards to how much the BTC price might go up, so in that regard, I do tend to maintain conservative projections in terms of my own finances which has tended to result in any upwards BTC price moves ending up playing out higher than I had planned for and a kind of icing on the cake.
It sounds realistic if you are projecting that you would be DCAing out at least one more cycle... I have witnessed that even if guys start out with a decent amount of capital to invest in BTC, it is usually going to take more than one cycle to really get some kind of decently solid BTC accumulation into place, and for sure, anyone who might have either any kind of tighter budget or merely not as much cashflow that they can dedicate to bitcoin investments, then it can still take a decent amount of time to both build up the BTC stash and at the same time hope that BTC price appreciation sufficiently works in your favor through the years.
The bit that Im most worried about will I have bravery to dca during and into next bull and out the other side. Time will tell :-) thanks all WO posters for your opinions, help, and plain simple hilarity.
It seems to me that you can generally plan further into the next cycle and even the cycle thereafter, but you also are going to be faced with having to wait before you will be able to really apply particulars. There is nothing wrong with establishing a generally applicable plan that goes 1, 2, 3 or more cycles out into the future - especially if you are not an old person, then you likely have a decently long investment timeline.
Let's say that you use an Excel spreadsheet to project out, and you can generally project out 1, 2, 3 or more cycles into the future and even out more generally if you are sufficiently young to get some kinds of ideas about where you might be 10, 20, or 30 years into the future.. and if you save your current projections and then you adapt those projections as time passes along, you can sometimes go back and look at your earlier projections to see how close to the mark they were, but of course, the older projections will not have all the information that they need because maybe your income will change or your expenses or your relationships (that cost you money or bring money to you), and you might even have some other investments that either perform well or not .. the same with BTC, you can kind of project ahead, but sometimes you cannot project specifics until they actually happen, and then it makes way more sense, when you have the details of how things have turned out in terms of the amount of your cash and the amount of your BTC rather than projecting it out, you have the actual numbers once you arrive at those future timelines.
You might project that you would have 1 bitcoin in 2 years, and then 1.5 BTC in 4 years, and then 2.5 bitcoin in 6 years, and 3 bitcoin in 10 years, but then you are a much more solid position to actually apply the next projection if you see that you ended up having 1.5 BTC in 2 years rather than 1 BTC. .or some other detail that ends up causing some material differences from your earlier projections, and then once you plug in the actual achieved amounts, then your projections end up changing too... and sometimes you might not even get too much into specifics (and you could project out each category of asset and assign a dollar value to them or assign a BTC value to them, and it may not matter which value you assign to them, as long as you might be able to convert it later, as needed as your preferences or frame of reference might change with the passage of time, too).
