Ultimately it is personnel choice of every individual to select the strategy that suits his risk tolerance level and financial circumstances. While, your advice to be careful when exploring different investment strategies sounds good. However, investing in Bitcoin passively or aggressively is never akin to gambling. Over the long term, all investors who accumulated Bitcoin at various price levels, have fair chances to gain substantial profit.

Of course you are right, and that's why I tried to remind him instead of just thinking about how to accumulate but ignoring the importance of a reserve budget. This advice is good and really worth considering for anyone, but still every investor has their own way of managing their finances and planning their investments.

For me, a reserve budget is a must-have so that investment plans are not easily damaged by unexpected things. That is a wise mindset before deciding to invest, of course if they plan to hold it for the long term.

Maybe that's also true, but some people stick with other approaches such as just waiting for the ATH or selling during a bull run cycle. Of course it doesn't have to be 5 years, but it depends on when they started coming in.

For our instinct what do we think that is the major caused of Bitcoin setback, because i noticed that Bitcoin have doesn't have much thing that bridges it values in the market except information and if information will bridge Bitcoin what do we think that can also bring bitcoin down in price, it's this aspect in cryptocurrency that I find difficult to understand the future of Bitcoin, because I know that Bitcoin have it's way of success, but the information that we think that affects the price of Bitcoin and also caused by the demand and the supply of Bitcoin I'd I'm not mistaken

Actually in this case I don't suggest or consider that trading is also a mistake because those who do it have their own thoughts and their own strategies to collect bitcoins regardless of others doing DCA or trading I think it's their right but when talking about investment then one of the best strategies is DCA. and when we want to be a good investor for the long term trading is too difficult to do because as you said a profit for a few days/weeks or months can just become a loss in one day when trading is bad so traders do have bitcoins but they are not investors for me because they have their own role which is as traders.
Unlike the DCA which is indeed one of the very good bitcoin buying strategies for today because this is a way of collecting bitcoins without having to worry about the bitcoins that we collect experiencing losses if we don't sell that.

Yes, of course, each holder has their own strategy and it is part of one's skill level in doing so. We can never force the strategies we use to be used by others, and perhaps we can only recommend them.
Like me for example, I'm comfortable with what I'm doing, and I prefer to focus on one strategy only, because for me having many strategies might not be good for me because at some point we might be dilemma to use which strategy.
I don't mean to say that people who work with multiple strategies are not good, they are still good. But for me personally developing one strategy is better.

Yea I’m liking it so far. I think after reading the whole thing, I now have a pretty good understanding of everything you said. I’m taking it slow and taking notes to make sure everything I learn sticks to my head. I am convinced it will be smart enough to figure out a system that works with the will power to stick to it. As for now am pretty sure DCA works for me so ill just stick with that

Why is there any need to ask?  It is always the case that the BTC price could go up or it could go dow, but right now, it is more than $1,500 below the 200-week moving average which seems to mean that it is a pretty good price, relatively speaking.  What else would you need to know?


Does anyone know?


Sure.  Fundamentals and news.. momentum and manipulations.

How about if some players have goals to push the BTC price down as long as they can and as far as they can, and they try to employ a variety of tools to achieve their goals.  They may or may not be successful in their efforts.

You still cannot really determine whether from here the BTC price is going to go lower or higher... so what are you going to do?

Trying to answer questions of "why" seem somewhat futile since there are all of those things going on at the same time, but still we cannot tell at which points (if any) there might be some explosive BTC price moves upwards because they down manipulation has gone as far as it is able to go.


What are you doing red4slash?  Maybe you want to describe it? 

You don't have to give exact numbers, but you could give us some kind of an idea...   

Probably you have already said it, but you did not say it in this particular response in which you just said that you were going to continue to employ your one strategy.. which may well include several parts, but you did not say what they were. 

How long have you been doing the thing that you are doing?  Did you start out that way? 

Did you change your strategy?  why? 

Are you going to admit that we already know that BTC accumulators might employ a certain kind of strategy that might last a short period of time or maybe it lasts 1-5 years, and then where they are at might change what they need to do, so even though you are accepting that strategies are best tailored to the person, you have only vaguely mentioned in a conclusory way that the strategy that you are currently following is good for you.


It is a bit difficult to figure out red4slash because if s/he has been into bitcoin since his/her forum registration date in mid-2016, then if s/he would have followed a DCA strategy for that whole time, then maybe that could continue to work today, perhaps?  I am not necessarily against picking a good and suitable system, but sometimes even our situations change after several years.. something like 7 years could cause some justification for other strategies, but at the same time, there could be reasons to stick with the same thing, too... maybe just change the amounts rather than changing the strategies.

We might be able to see that even a very straight-forward DCA buying of $10 per week since June 2016, would have gotten someone to about 1 BTC by now after investing right around $3,800, but of course, if someone was able to buy $10 per week in 2016, at some point later down the road, s/he might increase his/her DCA budget and maybe after March 2020 decide to go up to $100 per week... so the person can change, but also the circumstances could change that might justify changes in the strategy even if NOT switching or adding strategies.


I doubt that I have ever said that the BTC price is for sure going up or even giving too many shits about when it happens, if it happens.

However, I have continued to say that it seems that ongoingly there are pretty decent chances that the BTC price will go up and continue to go up, so financially you are better off to have bitcoin rather than not having bitcoin, but you can choose for yourself if to have bitcoin and if so, how much to have, and if you choose to have bitcoin, then you have to figure out a way to get it, and if you are hoping to have greater advantages in terms of having had built your bitcoin holdings, then maybe you would like to figure out various strategies to be as aggressive as you can in terms of bitcoin accumulation, but not so aggressive that you end up overdoing it and having to sell some bitcoin (or suffer in other ways) merely because you overly did your bitcoin buying.

Now try to see through another parable by taking an example of one model of goods in the market, both traditional markets and modern markets with many kinds of goods models. You can see the price of an item for which there is no demand or demand but very little, I'm sure you will find a discounted price on the item so that the item can sell well in the market.

As for Bitcoin, actually this kind of thing can also happen because, as has been seen, a push from demand can indeed have an effect on increasing prices and that will not happen by itself. But because this is Bitcoin which is very different from other things, you also need to look at the other side, such as the overall Bitcoin supply level and the level of Bitcoin circulation that already exists in the market which can also have an influence on the price.

Every decision must have been thought through quite carefully, especially for those who make it in the long term. Every strategy used certainly has meaning for them and I will not question their decision. Everyone is ready with all the risks because the fluctuating price of btc will make someone have to think about everything they are ready to face.

On principle of accumulating Bitcoin I still rely on the DCA strategy because it makes it easier for me to find cheap price points along the way. As far as I have gone, purchasing through DCA is more promising than for those who do it instantly.

Strange way of saying it.... crypto market?  hm?  is there such a thing?  why describe such a thing in order to attempt to figure out where bitcoin's prices might be established?


You might be right that investors become nervous by volatility, especially if they do not know how to prepare themselves (or their portfolios) for such volatility.. that in bitcoin is about as close to inevitable as anything might be in bitcoin..

In other words, one of the things most guaranteed in bitcoin is likely that it is going to continue to be volatile.

so if we know that bitcoin is going to be volatile, then it likely is a good thing to plan and prepare for such inevitable volatility.

I would agree with any assertion that points out that many times investors expect bitcoin to be less volatile than it ends up being, or they become disappointed that the volatility is in the direction that they had not anticipated, but that largely goes to their own lack of sufficient planning and/or preparing.

In regards, to your seemingly placing traders and investors in the same category in terms of their expectations, I doubt that is very accurate, since traders tend to love volatility and should be able to make money in either direction, yet frequently traders will find themselves on the wrong side of volatility because an overwhelming majority are likely not sufficiently preparing themselves or their portfolios in a way that they are able to make money no matter what.  Sure there are a small number of traders who are able to make money no matter what, but sometimes even the generally BIG winners get their trades wrong.

So traders are not equal in their abilities, and there likely are times in which traders are more aggressive or less aggressive in their own approaches that might even include their choices to not attempt to trade certain kinds of patterns and/or certain places in which they might have less confidence in placing a trade.. even though sometimes their own choices to "sit out the market" may well end up causing them to "fuck themselves" out of the times in which BTC prices might end up going up appreciably, and they "believe" that they are sitting out the market when the fact of the matter is that they are in dollars instead of bitcoin and failing/refusing to be in bitcoin during times in which they should be in bitcoin, which likely is most times, since nobody knows when the BTC price is going to go on an exponential UPpity run that causes it to be difficult to figure out when to get in, if you are not already in.  In the past, there are many times in which we have witnessed these kinds of unexpected UPpity bitcoin price performances.


But what is the trend that you believe bitcoin to be in?  Do you know?  


There are a lot of ways to trade, but so what?  We are not even talking about trading in this thread... and diversity in what sense?  Are you referring to shitcoins or trading some other things besides bitcoin?  or are you talking about various kinds of bitcoin trading (financialization) products?  Yeah, there are a lot of things that affect the BTC prices, and some of those might have to do with the various ways in which BTC is traded and also the various ways in which some products are not backed by the BTC that they claim to be trading.


That's not true.

Most traders do not make money, even though they might have periods in which they make money.  There are also a lot of ideas out there that trading is the way to make money when you do not have very much money, but that is not very likely to be true either.. at least not for the vast majority of traders.

Part of the reason that this thread has been so popular is that we are tending to talk about various kinds of ways to make money with bitcoin (and especially in the long run) by engaging in strategies that are against trading and more aligned towards BTC accumulation, even though surely, we have this thread through our discussion (including the topic of the thread) that involves discussing considerations regarding the extent to which there might be some value in attempting to figure out BTC price dips in order to take advantage of those dips to potentially be able to get more BTC than if you had just bought BTC regularly without trying to figure out the dips.


That is not a bad point, Macoach. 

I have found that there are frequently people who do not really understand bitcoin very well, and they value their profits in dollars, so they figure that any time that they cash out at a positive price, then they had done a good trade, yet many times these same people end up leaving a lot of potential profits on the table because they end up cashing out of way too many bitcoin and way too soon.. so even if they value their profits in dollars, they end up miscalculating either the UPside potentials of bitcoin, or they just might not even know enough about bitcoin in order to figure out some kind of a level of bitcoin that they might be willing to continue to hold, even if the BTC price might end up going down rather than up.