You are taking this to a whole different place when you change the example from yearly to monthly.  I was referring to an annual salary that increased from $10k to $30k over 7 years in order to allow for my point to be made through such hypothetical regarding how such BTC accumulation might affect a person if the BTC price were to go shooting up and maybe certain points in which some BTC might be shaved off at various price points along the way in order to not necessarily devolve into all or nothing thinking when it comes to BTC portfolio management - which from my perspective starts to seem more like gambling rather than investing, when guys seem to be considering price points in which they are selling all or even a vast majority of their BTC holdings..


Again.. your hypothetical seems to be misreading what I had said, even though I don't really disagree with some of your points, but the numbers that I had been trying to use don't work anymore if you are changing that $30k from annually and into monthly.

That's what I feel now but not in the past because back then I was still always focussing on price which if you think about it rationally now I'm actually like a lost person with the way I was running before.
But the mistake I made back then was actually very good because if I didn't do that and didn't realise that what I was doing was wrong then I probably would have continued to look at price as a benchmark until now and this has definitely been a good experience for myself.

Actually, I think for some problems that occur and some mistakes are something natural, especially when we are in different conditions like when we started doing DCA. Making some mistakes is a natural thing but if we really want to be better then whether we are able to admit and correct the mistakes that have been made or not because in the end it is also a good experience for ourselves. as long as we do not dare to admit that we have been wrong then forever we will be trapped in standard thinking which in the end makes everything we do always considered right even though it is proven wrong.

But in this case we also need to discuss about some methods or strategies that are done. I don't really have a problem with discussions like this it's just that when talking about investing then I will be firm that bitcoin is something that is very feasible for me but when talking about the strategies carried out I have never considered myself perfect in investing so that with discussions like this we can know what we can adopt from others by looking at the shortcomings that we did before.
I think about the strategies and methods used for investment still have to be upgraded because even though being in bitcoin is something very good but if the way we do it is wrong then the results will definitely be less than optimal.

I have asked before, those who often say they buy in stages throughout the year, can I see a more efficient description of the strategy they use, do they only buy with an accumulation of $10 per week or accumulate every quarter. A good strategy is to buy at every dip that occurs consistently rather than buying $10 at every stage, because you have to pay petrol costs which are considered inappropriate at every stage they do. Well, I agree with you JJG, a fairly accurate description of the topic is to buy and hold and forget about trading because it can have a bad effect on the sustainability of the investment being made. True holders are those who do not see a sell button in a component they have planned. Depending on their strategy, the most important thing is to buy and continue to hold.

Yeah that's true, in most cases they tend to charge more higher because in every transactions there is always a gas fee so the seller will always make sure the buyers covers for the fees, perhaps even if the seller agrees to sell to him with any amount provided he pays for the gas fees the buyer will still lose because by the time some percent of gas fees will be deducted from each buys his accumulation targets will completely change, the best way is to buy from an exchange were as he could buy any amount he desires with a risk free instead of buying from someone which perhaps may have other criteria or minimum transaction amount before transacting.

Thank you for your helpful advice, I will take the time to review my investment plan. You're right, the discussion is straying from what this topic is about, and selling is not appropriate to discuss too much here. We should focus on Buy DIP and HODL, this is the main content that needs to be discussed further in this topic.


Whether you are an investor or a trader, when entering the market, always prepare yourself with complete knowledge because knowledge is the only path that leads us to success. Knowledge is never useless, the more knowledge you have, the more opportunities you have to succeed.

Talking about a decent opportunity this year is often tied to the retailer's last chance to collect sats. Because based on the news, large institutions continue to increase investor interest in buying larger amounts and holding them longer. I don't want that moment to be missed. So even with inconsistent investment, this can still provide a small opportunity to enjoy it in the future. Increasing cash flow is something I always try to address and minimize as effectively as possible with structured management. Involved my wife to act as financial assistant and gradually we started to fix the inconsistencies especially in investment allocation.


in 2017 I collected around 2 BTC and made me breathe easier by spending what I wanted to buy. But you were alone at that time, nothing could stop me from holding it any longer until now. Moments that are lost and will never come back. It will be the most beautiful memory that I will remember forever.

Yeah you are right knowledge is very essential at least every trader needs the theoretical or pratical understanding about trading before venturing into, but in most cases people disregard knowledge because of greed which always turns out bad, but to evaluation victims, is mostly the beginners that always fall victim because of ignorance, every successful traders undergone processes of learning and acquiring knowledge to no the concept, Technical and fundamental analysis of the market before going in to trade, and perhaps knowledge doesn't only required on trading but on our daily life's we need knowledge for business, accumulation and holding in fact in all our day to day activities.

I have a "BTC investment ideas thread" that largely outlines aspects of my bitcoin investment journey, and of course from time to time, I will talk about some other angles when it seems that there might be some necessity to make some comparisons and contrasts.... Surely with many of the longer time bitcoiners, we sometimes will stray away from too many personal details, speak in terms of hypotheticals and maybe even throw out some pieces of information that may well end up being on a fictional character that may or may not exist inside of any real world.


I frequently will provide a contradictory message in terms of telling people to both stay the fuck away from shitcoins, while at the same time acknowledging that they can do whatever they like.   So anyone getting involved in shitcoin better at least be reminded that they need to be skeptical of those various projects and presume them to largely be wanting to take their coins, so in that regard, there needs to be ongoing concerns about both position size (how much you going to risk on being rug pulled), and attempting to reasonably time an in and out. because frequently the rug pulls or the drying up of liquidity will happen quickly and at a time that might not necessarily allow any kind of ability to get rid of the coin in order to save the guy/gal investing into such risky gambling crap.


There is no rush to get into bitcoin because anyone is going to be able to get into bitcoin, whether now or whether at some later time, and surely one of the advantages of getting in earlier is that you are both likely to be able to buy more bitcoin for fewer dollars and you are also going to have the advantage of being able to continuously be buying in such a way that you might not notice it so much (or to have pressure) like you might have if you were going to be having to invest into bitcoin in a lump sum...

So for example, even if a person got into bitcoin 3 years ago, and ended up buying $100 per week, spending $15,700 on their bitcoin investment while having an average cost of a $27,200 per bitcoin, then maybe s/he was able to accumulate 0.6 BTC during that time, that person is likely in way better position than someone of a similar economic status coming to bitcoin right now and trying to figure out how to get a hold of $15,700 to buy the same amount of bitcoin.

In other words, it can be quite difficult to lump sum into any investment, whether bitcoin or any other investment.. including a likely reality that those lump sums are not available to an overwhelming majority of people and also showing that time in the market tends to work out way better than trying to time the market.


I should have put a link in my above example of $10 per week from April 2016 to present that you are citing  (here it is).. and you surely seem to have had been able to relate to real facts that maybe a bit of a more consistent approach in terms of ongoingly accumulating bitcoin and maybe even attempting to be a bit aggressive about it without going overboard will end up contributing to a psychology in which you are mostly accumulating BTC and not fucking around with selling, even if you might get some short term pleasures from the profits that come from the short-term sales.... and even some of the longer term BTC holders get nervous about selling too much BTC too soon.. so frequently will hold through the first couple of cycles, even though it can be quite painful when big drops happen.. and it is hard to know when they are going to happen or how much and so trying to figure out various selling points is even more risky for bitcoiners who consider themselves to be in earlier parts of their BTC accumulation stage.


I do agree with your overall point that it risky to be making any kinds of BIG moves, and any kind of strategy that it is taken should overall be focused on BTC accumulation.. including selling is not even as close to as good as buying when a person has BTC accumulation goals... nonetheless there are still ways to make overall strategies to manage BTC portfolios that involve selling.. but my own position remains that it is not good to start to employ those kinds of strategies until you have reached a decently high BTC accumulation level (relative to your overall wealth.. and you can project out reasonable and prudent ways to deal with BTC price moves that fit your own personal financial and psychological situation).

I think we don't really disagree too much, and  it also seems that I have already given several examples (even in this thread) to make this point -  and it is not exactly on topic, so for now, I will hold back from providing another example in this direction.