We have to be able to manage from that point of view and of course our income adjustments must be balanced with our needs, don't ever put all of it in bitcoin it will suffer while people who can manage finances and they build portfolios start small but if it's long term it's good also at least there is still hope as long as those invested in bitcoin even though it's small.

But it also depends on how much our income is every month, manage it as much as possible so that it doesn't become pressured and those who invest in bitcoin must be prepared to lose if at any time the bitcoin price drops, but I believe that when the bitcoin price drops it will return to its highest price, so pretty confident bitcoin will be better than any other coin.

I think some may still find it very difficult to invest a lot knowing it is not an easy task even though the returns are quite high, but in a DCA way it is the best method for the long term and planning is at least 5-10 years as said above.

in 2016 the closing price of btc was $963. Well if someone invests $10 at that time they get 0.01041 btc for every purchase they make. Now if they regularly buy weekly let's say the overall price is $963 then he will get 0.4999 btc in one year of purchase.



source: https://www.statmuse.com/money/ask/bitcoin+price+2016

well quite different from those investing $10 per week at the current bitcoin price of $28k. Then there is quite a big difference between those who invest from 2016 and 2023. but that's not to drop their confidence in buying bitcoin because no matter how small you get, over time it will become big if you make purchases regularly.

I have a shower-thought-question for the readers of this topic. From and investor's standpoint, does Ordinals make you more bullish, or more bearish on Bitcoin, compared to 6 to 12 months ago?

Pros - Ordinals may bring more demand for block space, more rewards for miners through fees, and possibly also bring more demand for BTC.

Cons - Ordinals may be used as an attack vector for spamming the network, it stores dick pics and fart sounds in the blockchain, and it could open other attack unknown vectors.

Holy fucking shit.

You could at least try to stay on topic, and then you just invite more divergence from the topic when you cannot at least present your question in a way that is relevant to the topic.

Not everyone agrees about whether the current BTC price is a fair price, a suppressed price or a overly exuberant price, and that seems to be how the market works in terms of working out the disagreements and part of the reason that there tends to be a lot of volatility in the price in an asset like bitcoin.. partly because it is a new asset, and people are getting used to it.

Surely some of us realize and recognize value in bitcoin that is not seen by others, and many others (including an overwhelming number of them) actually either fail/refuse to invest into bitcoin or just end up coming into bitcoin at much later times when they realize the errors of their failure/refusal to see value in it.

We are not all going to be on the same page in regards to bitcoin, yet surely many of us recognize and realize that guys/gals who have been investing into bitcoin and accumulating bitcoin for longer periods tend to improve their material and psychological conditions as long as they do not fuck around with trading and losing their focus by either trading or trying to be overly strategic in regards to their methods of accumulating bitcoin and attempting to profit from it.

People are going to make mistakes, and not everyone can be saved from making mistakes, and there remains a certain amount of personal responsibility to learn various ways to study bitcoin, study one's self in terms of finances and psychology and also to invest into bitcoin with those learnings in mind.


Surely one of the best things is to just get started in investing and tailor a strategy towards your own circumstances, and with the passage of time, such as buying BTC over several years, whether 8 years like you mentioned or 4-10 years or longer, there are going to be various points along the way that you will be able to tailor your plan and perhaps increase or decrease the amount that you are investing into bitcoin based on your from time to time reassessments of your own personal circumstances, including accounting for whether your own circumstances have changed and/or your view of bitcoin has changed as compared with other places that you might choose to invest (hopefully not shitcoins, and if you do shitcoins, hopefully you do not over do it or get drug into some of their frequently dumb gambling (and/or affinity scamming) talking points).

Those who lack of money, there is no better strategy to buy Bitcoins with following DCA method. We often teach our children by hearing a story that "Slow and steady wins the race" In this case I would say that those who start the journey with faith in Bitcoin despite having limited funds will eventually reach their destination but definitely that requires patience.

About Bitcoin Bull run we have a little idea that it will be more bullish in the coming days which many of us can't imagine. Some people are thinking about $1 million price of Bitcoin and some one is anticipating that if the American dollar goes down then the price of Bitcoin can reach $10 million.
Personally I believe in Bitcoin. I would like to see it as my only asset in the long run which will act as the only guide to fulfill my dreams.

I'm a long-term holder of bitcoin, The DCA pattern is one of the strategies that is good to apply, this is directly,My mostly strategy that I do is to hold for long and DCA till the next bull run.Long term holding is more profitable more than short -term hold, For a long time I kept my bitcoins, stored in my wallet. If you have bought  bitcoin at $15 since December  till now April 2023 and you are still holding it for a very long period of time. when the price of bitcoin drops,it is a good time to increase DCA buying and return to normal when the price is out of limit or start to recovery and the long term holder enjoy. The strategy advice on DCA is good.

Dollar Cost Averaging (DCA) helps you deal with uncertainty, and since most people who are new to the area have uncertainty, I think it makes sense. As with bitcoin and other cryptos with the previous 10 years and a lot of doubt or uncertainty that actually doing DCA was the right choice, and we have to learn from the past and also do research or analysis with existing as well as future developments because this will helps our belief in bitcoin.
Doing DCA on bitcoins is a very smart choice and applicable to those who have limited cash issues and vice versa, especially I have limited finances and I do DCA every month in small amounts and will increase when I have more cash. And whatever the price of bitcoin, I will continue to do so until I am completely satisfied with the price, which I think is very high.
and most importantly, in the next 10 years I may be old enough that my income may be limited due to some factors, so I did a very long DCA to guarantee my and my children's old age. And I will also educate them to manage their finances well and introduce bitcoin at the right time.

I say something close to the same thing to people no matter what the BTC price, which is to get the fuck started, especially if you do not have any at all.

Of course, we can recognize and appreciate that the vast majority of people are in the no coiner category, but we might still want to have some sympathies on those people, especially because it takes some people time to figure out that bitcoin should be part of their investment portfolio.. even if they are still in early stages of building an investment portfolio...

So, yeah we might consider a lot of people to be precoiners rather than no coiners, yet at the same time, there are some people who seem to be in the category that you are suggesting who are trying to time the market in such a way that they do not ongoingly accumulate, just in case the BTC price does not go down more.

Sure, none of us really know if the bottom is yet "in" even though our having had touched nearly 2x our $15,479 bottom does bring a decent amount of confidence that the bottom might be in.. and it is surely possible that btc/satoshis will not be able to be at those kinds of prices anymore, and surely it is possible that even sub $20k will not be reached ever again, or sub $25k will not be reached ever again, or even sub $29k will not be reached again.  We just cannot really know with any level of confidence, especially short-term BTC price movements.

We have been through some tough times in the last year or so, and surely there are ongoing attacks on bitcoin and even various fairly severe seeming problems with various macro-systems - including the stability of the USD.. and surely some of our future possible crises in the USD could end up having sever short-term downward pressures on BTC prices. and those are really difficult to know or foresee.. and surely many of us (including myself) find those to be buying opportunities rather than selling opportunities, even though surely those are scary times, and I am not going to lie about how uncomfortable it can be to be going through severe downward price moves, even when there had been thoughts that the "bottom may well be in".


Of course there are people out there who get too greedy for their own good.. .. and sometimes they can still profit from their efforts, yet historically, we have seen a lot of those kinds of guys waiting around too much for lower prices, not acting and even selling too much too soon.. or like you said the other extreme is buying when the price goes up rather than buying when the price goes down or just buying regularly no matter what is the price.

So there are a lot of weird perspectives, and the main thing seems to be that we try to create systems for ourselves that we have decent confidence are solid, and we cannot necessarily expect that others are going to follow our methods or that they will be able to figure out some kind of a meaningful long term BTC accumulation strategy for themselves.. even if it might vary from our own..

I don't expect to get into the heads of anyone else, and I do try to be helpful to their developing of their own systems, and people are going to tend to go their own way, and it likely will take a while, still, for bitcoin to really catch on.. and we still really have decently low levels of BTC adoption and people remain sceptical and concerned and even afraid of bitcoin.. even believing some of the bullshit that their governments, banks and financial advisors tend to not want them to buy bitcoin.

For sure DCA is good.. and it can be supplemented along the way.. but surely, I am in agreement that it likely is a good thing to follow - and then the longer that any of us are buying BTC in a DCA kind of way, then we will become more and more inspired to follow what bitcoin is doing and therefore learn more about bitcoin and about ourselves in order that with the passage of time, we will be able to build more and more strategies that first involve our building of our investment portfolio through the accumulation of BTC and then later perhaps graduate into maintenance stages or just various ways of ongoingly tailoring how we accumulate BTC.

Yes, there are many different perspectives and approaches when it comes to investing and accumulating Bitcoin. Every body has his own goals, risk tolerance and strategies, so what works for one person many not work for another one. it is very important to develop your own plan that fits your circumstances, and stick to it, rather than constantly chasing market trends and copying others.

In my opinion, the most effective strategy in view of long term potential of Bitcoin would be to consistently acquire Bitcoin during significant downtrends, and wait for the bull cycle to realize your profits if you choose to do so.