Of course, one should be interested in investing in Bitcoin, but the person whose plan is stronger and indicates better in the future is definitely the most interested in investing in Bitcoin. Only planning can strengthen Bitcoin investment, so before investing in Bitcoin, one must plan well, so that Bitcoin investment can be sustained for a long time. And according to the DCA method, Bitcoin becomes easier to hold for a long time, so following the right plan and DCA method will definitely lead to success in Bitcoin investment.

Am really not against setting goals. Infact here is what I think: Folks could do whatever they feel comfortable with, even those thing that may very well be detrimental to their investments... But then I believe that once folks have their discretionary income at hand, they should start immediately instead of wasting their time drafting a perfect plan which could very well change later in the future due to various reasons....

The future cannot be predicted neither can it be know for certain, and if folks spend their entire time delaying their investments just coz they are crafting the perfect plan of the amount of Bitcoin they plan to hold and whatnot, that could very well be wrong... This is because anything can happen in the futurem That investor may get sick or maybe possibly loose interest in Bitcoin accumulation(which is very wrong), and this changes will definitely affect the initial plans that they spent months or years to draft out....

That's why I like suggesting that folks start irrespective of how small their discretionary income is and later on, they could very well figure out other things later after already getting involved...

It is very important to realize that everything must not be perfectly well planned before starting, people can have various reasons for not starting including this one wanting everything to be be perfect first but that is capable of retarding what would have been obtainable, bitcoin investment is not a rigid and tedious kind of investment, it is flexible in such a way that over times one can reevaluate their overall system of their investment with manner of approach that will be convenient for them.

It would be foolish to want to do everything perfectly first because everyone has different problems or wants to develop things differently. You are right that Bitcoin investment is not rigid, it is very flexible and comfortable to make with your patience. For this, you need to evaluate things objectively and structurally and accumulate within an available time. You are aware of your financial capacity but it would be better not to try to shorten the long term investment under the pretext of reassessment. The overall system can be reassessed if you can convert the Bitcoin trading strategy into a long term investment for short term and higher profits.

I don’t see any reason why you said Y3shot link is wrong, everyone has their decisions and strategies they feel best suit them, if yours is to keep on monitoring Bitcoin price every move now and then to pick an entry to buy and later sell back, that’s best for you with a trader psychology. But to him, he doesn’t want to go through the pressure of monitoring the price action or getting emotion at one point or the other, rather he sees it as an asset to hold unto for a long time and he has conviction that Bitcoin is going to grow beyond his entry point.

When Bitcoin was $50, it wasn’t meant for just the rich, rather for everyone that has the determination to hold it for a long term, now that 1 Bitcoin cost over $65,507 or thereabout, any one what is willing to invest for a long term can still do that, as long as he is determined and is not moved by the short term profit rather he keep accumulating constantly and he is looking at a compound profit and/or waiting to get to his over accumulation stage so he can sustainably withdraw his Bitcoin.  

Of course, each of us can do whatever we want, yet if we are investing, then we should not be selling, since that would be trading rather than investing.

Yeah, there are some guys who don't seem to know the difference between investing and trading (and perhaps you are one of those guys EarnOnVictor since you spend so much time advocating for trading and suggesting that traders are able to beat investors, which truly is not the case when we look at any kind of longer timeline of repeated behavior)

Another thing is that this is an investing thread, not a trading thread... the word "invest" is right in the title.


With investing, the goal is to accumulate bitcoin, so if you sell you are not accumulating more, but instead you are taking chances that your selling action might result in being able to accumulate more, which is largely gambling (or hoping for luck) rather than staying focused on the goal to ongoingly accumulate more bitcoin.


Sure.  No one knows, yet when you invest you work on building your stash over time, and you choose your ongoing investment amount based on how much you want to put into bitcoin, whether weekly or some other periodic basis that is suitable to your investment increments.


You free advice is correct in regards to their not being any guarantee in regards to the extent that bitcoin will continue be worth more with the passage of time, yet there can be a bit of a guarantee that if guys are ongoingly buying bitcoin then their bitcoin stash will continue to grow in size, so that if the price does end up going up at some point in the longer term, then they will have more units of bitcoin that would end up going up in their dollar value in the event that the dollar value of each unit ends up being higher in the future.


This is a DCA thread, and an overwhelming majority of folks consider the BTC price to mostly not be relevant when they are investing using the DCA method.

In other words, the DCA buys are based on discretionary funds coming available that are authorized to buy bitcoin, so largely as soon as the funds are available then they can be used to buy bitcoin at whatever the BTC price happens to be at the time that they are bought.

Sure, some guys might try to play around with their buy window, since there would be an advantage to buy bitcoin cheaper if there is some ability to know that the BTC price might go down at some point within the buy window.. yet at the same time, it is likely that not very much energy needs to be spent on trying to figure out if a dip might happen or not, since with DCA, there is a bit of an ongoing presumption that the short term price of bitcoin is very difficult to know, so it is not a very valuable use of time and energy to try to figure out if the BTC price might go up or down.

I will grant you that every once in a while the BTC price is moving quite a lot in one direction or another, so then in those circumstances, a person who buys weekly might reasonably decide to wait to buy at some later point if the bitcoin price seems to be in a short-term free-fall..  Most of the time the BTC price is not moving a lot within obvious ways that a layman might be able to determine to wait, so it is probably better use of his time and energy to just buy at whatever point the price seems to be somewhat stable.. whether just stable for a few hours or whatever might be his way of trying to buy.

Another thing is that some folks need to buy manually, yet surely there can be ways to preset buys too, and I am not opposed to using tools that might tryto catch short term dips within reason, yet we cannot presume that all guys have those kinds of tools available to them to be able to set limited buy orders rather than manually buying at then market prices.


Not only are you off topic, you are looking at historical charts and proclaiming that guys (especially newbies) would be able to figure out when to buy and when to sell, and you are suggesting that bitcoin prices are guaranteed to move in accordance with some kind of a season.

You are presuming a lot.

Yeah, of course, we know that historical patterns can be seen, and I suppose that if we ask you, then you are going to proclaim that you were able to buy at the bottom, sell at the top and supposedly you have it figured out when to buy back again... or at least you think that you do.

Even though you have ONLY been registered here since July 2022, I recall you proclaiming that you had been trading prior to coming to the forum, but I cannot recall if you had gotten into bitcoin prior to coming to the forum.

You are also suggesting that you could have had beaten a pure buy and hold strategy.

Let's say for example, you are a person who is in his late 30s and you came to the forum and you had been making around $30k per year and you had other investments around $50k.. .so when you cam to bitcoin, you decided to invest 25% of your other investments (which would be $12,500) into bitcoin and to also just buy $100 per week of bitcoin (which is about 17.3% of your income).

Accordingly, perhaps with the $12,500 you spread your buys out to be $500 per week for 25 weeks, which would have had ended up getting you right around 0.65 BTC between July 16, 2022 and December 1, 2023.

You were also investing $100 per week of bitcoin from July 16, 2022 until present, which ended up causing you to invest a total of $19k and to have had accumulated 0.46 BTC.

Therefore, your total invested into bitcoin so far has been $31,500 and you had accumulated 1.11 BTC.  Surely not a bad place to be even after ONLY a fairly short timeline of a little less than 4 years, even though you are wanting to proclaim that your system of fucking around and taking chances would have had done better?    For sure, if we spread this matter out for 8 to 10 years or longer, you would have even greater difficulties to proclaim that you would have had gotten better results. 

O.k. I will show the results.. for a similar kind of a situation for a 10 year timelins.

Similar situation.  Guy comes to bitcoin January 1, 2016 with $12,500 and invests $500 per week for 25 week which would have had gotten him 28.8 BTC, and his $100 per week starting from January 1, 2016 would have caused him to invest $53k up until now and to have had accumulated 15.3 BTC.

So his total amount invested would have had been $65.5k, and his total bitcoin accumulated would have had been 34.1 BTC.  You really think that a guy fucking around trying to trade bitcoin in that same time could have had even come close to those same kinds of results?  I have a lot of doubts, even though you are trying to proclaim trading is smarter than investing..   

Sure, without any proof, you seem to be arguing that even though fucking around with bitcoin trading would not have had provided better results, in the future, fucking around trading is going to be a better approach.  You must have a mission to try to get normies to lose money or to gamble with what should be their investment.
 

You don't have to have a plan to get started or to have everything figured out.

To get started all you need is discretionary funds, and so you can start to buy and figure out your plan as you go.

It is problematic to proclaim that guys have to have everything figured out before getting started since if they have discretionary funds and common sense, then they can figure out how much to invest and various particulars as they go, and yeah, they are likely to make some mistakes along the way too... yet if they have common sense, they will likely realize that starting out slow and working their way up into more aggressive investing is probably a better way to get used to investing into bitcoin whether $100 per week, $10 per week or some other starting out amount and increment that also motivates them to learn more if they are already putting some money into bitcoin and also figuring out their own weekly budget.

They can learn their 9 individual factors too, yet they don't have to have their individual factors figured out prior to getting started.

Ordinarily, I ignore the posts that come from people like you because, it's too generic, the very words to say when you lack constructive ideas or doesn't seem to understand what you replied to, or perhaps, you just want to say something. Well, I've helped you to bold the first line of my reply. What you are accusing me of is what the guy did, which I told him that he was wrong, that his opinion is his choice, and that he should not make it a yardstick for other's approach. Doesn't that hint you that I respect individual's choice??? Next time, endeavour to read to understanding before replying.

It could be done base on what you have said, but having plans later on is actually risky. We know Bitcoin is so volatile asset, So even if we have at least those basic plans to consider is somehow helpful since it can make us get away on taking bad decisions brought up by our emotions also with this we can avoid do panic selling.

But plans don't actually need to became so technical, because having simple plans by set some clear goals then we can also add  to have an strategy for our exist is good enough for us to have.

Those investment without having plans is more like they are gambling rather than thinking about investments.

Your point doesnt justify anything you can't be using the mindset of a trader for a long-term investment then claim everyone has their choice, as if we don't know that already but this is a forum where people come to learn about Bitcoin some might not make it known but secretly learning and gaining informations.

Do you know how many people you'll mislead with the ideology that everyone has the right to whatever they like? You're an older member here and should help pass good knowledge just like Sir JayJuanGee is doing and not indirectly misleading people to use wrong approach for investing cause it's their choice.

Everyone seems to be correct in one way or the other. Buying and selling Bitcoin is part of Bitcoin but that discussion has it own board where it is been discussed though somehow this board is more like a general board where various stuffs concerning Bitcoin can be discussed but this particular thread is about Bitcoin accumulation and not buying and selling, so it will be contradicting for someone to be talking about buying and selling because of a little pump in the same thread and I know everyone has right to opinion but it should not complicate things.