Buy Buy Buy or Sell Sell Sell?

[Popkon6]

I do not expect anyone to start their investment perfectly. As humans we are not limited to making mistakes in different aspect of our life.

Franky speaking bitcoin investment is not a smooth ride it is like a roller coaster it goes and goes down at regular interval.

Remember, never be discouraged, those who survive in the waves of the sea are the real sailors. It is natural that the price of Bitcoin will go up and down, the more you try and the more research you do, the more patient you are, the stronger you will become in the Bitcoin market and your investment will last for a long time. And if you want to follow the DCA method in Bitcoin investment and sustain it for a long time, then you must be patient, the more you can buy Bitcoin at a lower price, the more likely you will be to achieve success later.
Therefore, you should never take a break from buying in the Bitcoin market, because once you enter Bitcoin investment, you will definitely express the most interest in buying Bitcoin later. That is why it is most important for the investor to follow the DCA method, which will enable him to sustain his investment for a long time.

[Zackz5000]

I do not expect anyone to start their investment perfectly. As humans we are not limited to making mistakes in different aspect of our life.

Franky speaking bitcoin investment is not a smooth ride it is like a roller coaster it goes and goes down at regular interval.

Remember, never be discouraged, those who survive in the waves of the sea are the real sailors. It is natural that the price of Bitcoin will go up and down, the more you try and the more research you do, the more patient you are, the stronger you will become in the Bitcoin market and your investment will last for a long time. And if you want to follow the DCA method in Bitcoin investment and sustain it for a long time, then you must be patient, the more you can buy Bitcoin at a lower price, the more likely you will be to achieve success later.
Therefore, you should never take a break from buying in the Bitcoin market, because once you enter Bitcoin investment, you will definitely express the most interest in buying Bitcoin later. That is why it is most important for the investor to follow the DCA method, which will enable him to sustain his investment for a long time.

The DCA strategy alone cant enable you sustain your Bitcoin investment for a longer time what you need is your discretionary income this this what will enable you to still be accumulating Bitcoin and keep your bitcoin portfolio growing, DCA strategy is just one of the method which we can use to accumulate Bitcoin, the DCA strategy is highly recommended because it keeps you going in your bitcoin bitcoin either every weeks or every months irrespective of the price of Bitcoin and hodl for 4-10.
If you have insufficient discretionary income you can't accumulate Bitcoin and your bitcoin portfolio will stop growing.

[tiCeR]

[edited out]

Of course nobody could know for sure where bitcoin is going or could be going, but in hindsight there is now some basis for doing some comprehensible calculations. Those calculations can't be accurate except for hitting the bully eye out of pure luck, but they can now contain some reasonableness. Putting the total amount of a new asset class, in this case a digital asset class which was bound to develop in these digital ages, into perspective of total global assets could have provided an indication for the upside potential back in 2010,11,12 and afterwards. That is why I think there is still great upside for bitcoin, but relatively lower compared to what it was. This is not worth mentioning because any asset class that literally starts at zero has an almost unlimited upside potential, but I think you know what I mean. Bitcoin has tons of potential and I doubt that a shitcoin will take its place unless there is a hugely orchestrated move by dozens of the existing billionaires, but seeing how twitter tanked in value makes me confident that even an orchestrated move to shift value from bitcoin to another shitcoin network could go horribly wrong for them.

I think that it is true that with something like a protocol layer asset like bitcoin and/or money, the challenger to the incumbent (bitcoin in this case), needs to be around 10x better or more in order to unseat the incumbent.    Part of the reason that bitcoin is going to be unseating both gold and the dollar is because bitcoin is more than 10x better than either of those systems... even though it could still take 50-200 years for the unseating to take place and for bitcoin to mostly replace gold and/or the dollar.

Sure, many things could happen in the next 50-200 years in order to change the dynamics and our to change the current trajectory, yet based on our current information, we should continue to recognize bitcoin as the dominant one in which all monetary value will flow, and it was also likely true 10 years ago or more and even more difficult to see, even though bitcoin's superiority should be within reach of being seen, even though surely it seems that a lot of normies continue to be confused about both what bitcoin is and/or to imagine that bitcoin is going to continue to eat away at the monetary value of a lot of assets that are currently monetized, since bitcoin is the superior and more efficient money. Even if we are talking about monetized assets, such as real estate, stocks, bonds, art & collectables, other commodities that are being used for their monetary value rather than for their utility value, many of these will be revalued to be closer to their utility value and the excess monetary and/or storage of value aspects being kept in those various other assets will flow into bitcoin as the superior and more efficient money (including bitcoin's storage of value aspect), yet of course, bitcoin is superior in regards to its other monetary attributes too, such as its transportability, verifiability, scarcity, divisibility, not needing a third party, cost savings, programability, and even bitcoin's non-physicality can be considered as an attribute when it comes to bitcoin's money qualities..

One of the biggest contra arguments some people bring up is that monetary policy can't be done with bitcoin during varying economic states like inflation, reaction to financial crises or other critical economic states.

Since you are speaking of unseating both gold and the dollar, I was more thinking of coexistence where bitcoin will be the safe haven high value deflationary network that will force politicians into making sound monetary policy with fiat currencies or otherwise financial capital will further leave the fiat system and critically harm the underlying economy, in case of the dollar it would be the US. This would lead to fiat systems competing with each other because if they all do bad, they would be done rather sooner than later and wealth would be flowing into bitcoin.

If one government overreacts because of that and regulates bitcoin hoping this will help stopping wealth leaving their fiat system, other governments could embrace bitcoin and there strengthen bitcoin and their own fiat system plus their economy.

This is a very abstract explanation of how I can see this unfold because there is globalization and all sorts of financial interdependencies, which leads to trickle down effects if one fiat system crashes to the ground.

But maybe you can give your thought on this and since this is "Buy Buy... Sell Sell...", it still relates to the topic here as what I have explained is a strong argument to acquire bitcoin. What would your vision look like and how do you think would monetary policy work if bitcoin was the global currency?

[Derekfunds]

I do not expect anyone to start their investment perfectly. As humans we are not limited to making mistakes in different aspect of our life.

Franky speaking bitcoin investment is not a smooth ride it is like a roller coaster it goes and goes down at regular interval.

Remember, never be discouraged, those who survive in the waves of the sea are the real sailors. It is natural that the price of Bitcoin will go up and down, the more you try and the more research you do, the more patient you are, the stronger you will become in the Bitcoin market and your investment will last for a long time. And if you want to follow the DCA method in Bitcoin investment and sustain it for a long time, then you must be patient, the more you can buy Bitcoin at a lower price, the more likely you will be to achieve success later.
Therefore, you should never take a break from buying in the Bitcoin market, because once you enter Bitcoin investment, you will definitely express the most interest in buying Bitcoin later. That is why it is most important for the investor to follow the DCA method, which will enable him to sustain his investment for a long time.

In DCA method there's nothing like buying when the price is low because in DCA method an investor will buy at any phase of the market ( low and high) funny enough some people don't even know the difference between DCA and buy the Dip. Moreover, Patient is very necessary in Bitcoin investment because without it even if you have steady and stable source of income you will definitely sell your investment when it is not yet due.

[BitBakerr1]

I do not expect anyone to start their investment perfectly. As humans we are not limited to making mistakes in different aspect of our life.

Franky speaking bitcoin investment is not a smooth ride it is like a roller coaster it goes and goes down at regular interval.

Remember, never be discouraged, those who survive in the waves of the sea are the real sailors. It is natural that the price of Bitcoin will go up and down, the more you try and the more research you do, the more patient you are, the stronger you will become in the Bitcoin market and your investment will last for a long time. And if you want to follow the DCA method in Bitcoin investment and sustain it for a long time, then you must be patient, the more you can buy Bitcoin at a lower price, the more likely you will be to achieve success later.
Therefore, you should never take a break from buying in the Bitcoin market, because once you enter Bitcoin investment, you will definitely express the most interest in buying Bitcoin later. That is why it is most important for the investor to follow the DCA method, which will enable him to sustain his investment for a long time.

The DCA strategy alone cant enable you sustain your Bitcoin investment for a longer time what you need is your discretionary income this this what will enable you to still be accumulating Bitcoin and keep your bitcoin portfolio growing, DCA strategy is just one of the method which we can use to accumulate Bitcoin, the DCA strategy is highly recommended because it keeps you going in your bitcoin bitcoin either every weeks or every months irrespective of the price of Bitcoin and hodl for 4-10.
If you have insufficient discretionary income you can't accumulate Bitcoin and your bitcoin portfolio will stop growing.

Yes you are right what we use to accumulate and grow our Bitcoin is our Discretionary income however it is also good we have a reserve funds so when there's a dip we can accumulate aggressively using our reserve funds  some people argues that our reserve funds are not meant to be used to accumulate aggressively during a dip for me what you decide to use your reserve funds for is up to you is not something we should be arguing about, everyone that is building a reserve funds has a reason why he or she is building it.

DCA strategy is seen as one of the best investment strategy because it gives you the opportunity to accumulate Bitcoin at every price as we all know Bitcoin rise and fall the price fluctuate so using DCA strategy will make you buy at every price high and low.
Using DCA strategy to accumulate will also make you enjoy the process of Bitcoin investment.
DCA also eliminates the pressure of trying to time the market or predicting it.
Lastly by sticking to weekly or monthly accumulation of Bitcoin reduces emotional decision making the DCA strategy promotes discipline in investment, there by removing panic from investors during dip and also making them to focus only on long term investment.

[avp2306]

I do not expect anyone to start their investment perfectly. As humans we are not limited to making mistakes in different aspect of our life.

Franky speaking bitcoin investment is not a smooth ride it is like a roller coaster it goes and goes down at regular interval.

Remember, never be discouraged, those who survive in the waves of the sea are the real sailors. It is natural that the price of Bitcoin will go up and down, the more you try and the more research you do, the more patient you are, the stronger you will become in the Bitcoin market and your investment will last for a long time. And if you want to follow the DCA method in Bitcoin investment and sustain it for a long time, then you must be patient, the more you can buy Bitcoin at a lower price, the more likely you will be to achieve success later.
Therefore, you should never take a break from buying in the Bitcoin market, because once you enter Bitcoin investment, you will definitely express the most interest in buying Bitcoin later. That is why it is most important for the investor to follow the DCA method, which will enable him to sustain his investment for a long time.

In DCA method there's nothing like buying when the price is low because in DCA method an investor will buy at any phase of the market ( low and high) funny enough some people don't even know the difference between DCA and buy the Dip. Moreover, Patient is very necessary in Bitcoin investment because without it even if you have steady and stable source of income you will definitely sell your investment when it is not yet due.

DCA method is easy to understand. What people need to do is to know how to manage well their finances. Since if they don't know how to balance their spending's  the chance  for them to succeed is low.  they might have this sell now mentality then start over again mindset which is not advisable since chance to earn is guaranteed especially for short term sellers.

Patience and money management since this is essential factor especially if we want to invest on Bitcoin for long term. That's why we need to develop good discipline aside from thinking only for consistent accumulation so that everything will take place according to our long term plans.

[Lidger]

I do not expect anyone to start their investment perfectly. As humans we are not limited to making mistakes in different aspect of our life.

Franky speaking bitcoin investment is not a smooth ride it is like a roller coaster it goes and goes down at regular interval.

Remember, never be discouraged, those who survive in the waves of the sea are the real sailors. It is natural that the price of Bitcoin will go up and down, the more you try and the more research you do, the more patient you are, the stronger you will become in the Bitcoin market and your investment will last for a long time. And if you want to follow the DCA method in Bitcoin investment and sustain it for a long time, then you must be patient, the more you can buy Bitcoin at a lower price, the more likely you will be to achieve success later.
Therefore, you should never take a break from buying in the Bitcoin market, because once you enter Bitcoin investment, you will definitely express the most interest in buying Bitcoin later. That is why it is most important for the investor to follow the DCA method, which will enable him to sustain his investment for a long time.

A true investor never gets overexcited in the slightest but no matter how bad the times are, they stay patient and always wait for the good times. There are many differences between an ordinary investor and an experienced investor. When a common investor invests, he always monitors the market and gets excited when the market changes, and when the market dumps a bit, he sells his investment without patience, but an experienced investor does not. You have given a good example here that no matter how many waves there are in the sea, sailors do not get excited but at that time they keep their cool and apply their best skills to get the ship out of the storm. An investor should consider himself as the captain of the ship and be patient during tough times and come up with his investment in good times but the investor will get a good result.

[Bitcoin_people]

I do not expect anyone to start their investment perfectly. As humans we are not limited to making mistakes in different aspect of our life.

Franky speaking bitcoin investment is not a smooth ride it is like a roller coaster it goes and goes down at regular interval.

~~.

In DCA method there's nothing like buying when the price is low because in DCA method an investor will buy at any phase of the market ( low and high) funny enough some people don't even know the difference between DCA and buy the Dip. Moreover, Patient is very necessary in Bitcoin investment because without it even if you have steady and stable source of income you will definitely sell your investment when it is not yet due.

DCA method is easy to understand. What people need to do is to know how to manage well their finances. Since if they don't know how to balance their spending's  the chance  for them to succeed is low.  they might have this sell now mentality then start over again mindset which is not advisable since chance to earn is guaranteed especially for short term sellers.

Patience and money management since this is essential factor especially if we want to invest on Bitcoin for long term. That's why we need to develop good discipline aside from thinking only for consistent accumulation so that everything will take place according to our long term plans.

DCA method is easy to follow but managing finances properly is quite difficult, it is not easy for every person. We know that in daily life, not everyone's source of income is equal, so those who can earn a good income can see success early, and those who have a small source of income can see success by investing very late. Basically, every person's mindset is different in terms of investment, some try to find a source of income from there by making short-term investments, while others invest long-term to get good success.

Patience is not easy for every person, many cannot do this, and many fail to manage finances, so it is important for them to have patience and financial management first. If you plan for long-term investment, then you must have financial stability and patience, and you must gain good experience about the market. If you can save along with your income and maintain discipline from there consistently, then you can plan for long-term investment, you can see success from this investment, but you always have to do everything with patience.

[JayJuanGee]

[edited out]

Of course nobody could know for sure where bitcoin is going or could be going, but in hindsight there is now some basis for doing some comprehensible calculations. Those calculations can't be accurate except for hitting the bully eye out of pure luck, but they can now contain some reasonableness. Putting the total amount of a new asset class, in this case a digital asset class which was bound to develop in these digital ages, into perspective of total global assets could have provided an indication for the upside potential back in 2010,11,12 and afterwards. That is why I think there is still great upside for bitcoin, but relatively lower compared to what it was. This is not worth mentioning because any asset class that literally starts at zero has an almost unlimited upside potential, but I think you know what I mean. Bitcoin has tons of potential and I doubt that a shitcoin will take its place unless there is a hugely orchestrated move by dozens of the existing billionaires, but seeing how twitter tanked in value makes me confident that even an orchestrated move to shift value from bitcoin to another shitcoin network could go horribly wrong for them.

I think that it is true that with something like a protocol layer asset like bitcoin and/or money, the challenger to the incumbent (bitcoin in this case), needs to be around 10x better or more in order to unseat the incumbent.    Part of the reason that bitcoin is going to be unseating both gold and the dollar is because bitcoin is more than 10x better than either of those systems... even though it could still take 50-200 years for the unseating to take place and for bitcoin to mostly replace gold and/or the dollar.

Sure, many things could happen in the next 50-200 years in order to change the dynamics and our to change the current trajectory, yet based on our current information, we should continue to recognize bitcoin as the dominant one in which all monetary value will flow, and it was also likely true 10 years ago or more and even more difficult to see, even though bitcoin's superiority should be within reach of being seen, even though surely it seems that a lot of normies continue to be confused about both what bitcoin is and/or to imagine that bitcoin is going to continue to eat away at the monetary value of a lot of assets that are currently monetized, since bitcoin is the superior and more efficient money. Even if we are talking about monetized assets, such as real estate, stocks, bonds, art & collectables, other commodities that are being used for their monetary value rather than for their utility value, many of these will be revalued to be closer to their utility value and the excess monetary and/or storage of value aspects being kept in those various other assets will flow into bitcoin as the superior and more efficient money (including bitcoin's storage of value aspect), yet of course, bitcoin is superior in regards to its other monetary attributes too, such as its transportability, verifiability, scarcity, divisibility, not needing a third party, cost savings, programability, and even bitcoin's non-physicality can be considered as an attribute when it comes to bitcoin's money qualities..

One of the biggest contra arguments some people bring up is that monetary policy can't be done with bitcoin during varying economic states like inflation, reaction to financial crises or other critical economic states.

Since you are speaking of unseating both gold and the dollar, I was more thinking of coexistence where bitcoin will be the safe haven high value deflationary network that will force politicians into making sound monetary policy with fiat currencies or otherwise financial capital will further leave the fiat system and critically harm the underlying economy, in case of the dollar it would be the US. This would lead to fiat systems competing with each other because if they all do bad, they would be done rather sooner than later and wealth would be flowing into bitcoin.

If one government overreacts because of that and regulates bitcoin hoping this will help stopping wealth leaving their fiat system, other governments could embrace bitcoin and there strengthen bitcoin and their own fiat system plus their economy.

This is a very abstract explanation of how I can see this unfold because there is globalization and all sorts of financial interdependencies, which leads to trickle down effects if one fiat system crashes to the ground.

But maybe you can give your thought on this and since this is "Buy Buy... Sell Sell...", it still relates to the topic here as what I have explained is a strong argument to acquire bitcoin. What would your vision look like and how do you think would monetary policy work if bitcoin was the global currency?

I doubt that I am in a position to really elaborate on the various ways that systems might evolve, and including that governments are forced to be more responsible based on the competition of bitcoin to keep them in check in the event that they are being irresponsible.

I think that various debt systems are going to continue to exist, and that there are going to be governments and/or financial institutions trying to create systems to outsmart bitcoin's scarcity, so there will continue to be paper products and/or derivatives that create extra bitcoin, so then if they don't have the bitcoin that they claim to have, then they may well end up getting wrecked at various points in time, and surely there can be abuses in the system too in which the military is used and various state communication mechanisms to attempt to garner and/or force public opinion and/or to suppress opposition.  

I am not going to claim to know, since we likely realize that we are empowered by physically holding our own bitcoin (private keys), yet individuals are points of attack so there will continue to be ways to individually target individuals whether the individuals have the keys or not... and some individuals are in weaker positions than others, while it becomes dangerous when governments and/or financial institutions are abusing power, and then people come up with other sly and round about ways of getting around their systems.. so they want us to formally work within their systems, yet at the same time, they cannot help but to abuse us and control us when we are within their systems, so the bitcoin separate systems will still exist for individuals, government and institutions to use in various ways, and it takes a long time for already existing systems to change and for the new bitcoin systems to have more prevalence.. and even our current battles with KYC are seemingly benign while there are attempts to KYC all avenues and to suppress bitcoin self-custody.. so there is power with more folks taking self-custody, even though systems are being created and spread to attract so many of us into third-party custodial solutions.

I know I am not really answering your questions, since one of the difficulties of predicting the future is that we only have some ranges of possibilities of various scenarios in which changes in few of the factors can end up having great ramifications to change the forward course, and both self-custody and third party custody is going to continue to exist and governments and financial institutions are going to continue to to acquire bitcoin and to try to make it harder for individuals to hold and transact, so that battle is going to continue to go on for a while, and it seems like a non-winning battle for governments yet they are going to continue to do it, and it is going to take way more adoption to help to curb that trend more in the favor of individuals.. 20-30 years or more?  Perhaps more immediate than that, yet we still have such low levels of bitcoin adoption by normies, which is where bitcoin shines and empowers actual people (even though governments and institutions are also ongoingly figuring it out and getting into the game).

[edited out]

Yes you are right what we use to accumulate and grow our Bitcoin is our Discretionary income however it is also good we have a reserve funds so when there's a dip we can accumulate aggressively using our reserve funds  some people argues that our reserve funds are not meant to be used to accumulate aggressively during a dip for me what you decide to use your reserve funds for is up to you is not something we should be arguing about, everyone that is building a reserve funds has a reason why he or she is building it.

You can do whatever you like with your reserve funds, including buying the dip.

People argue that you should not use emergency funds for buying the dip.

Emergency funds are different from reserve funds, and sure they are both kinds of back up funds, yet people are tending to argue that you have to have some back up funds that you don't actually spend unless there is an actual emergency.    Buying bitcoin on the dip is not an emergency, yet reserve funds can be used for buying bitcoin on the dip, if you have any at the time that dips come.

For newbies low coiners and/or no coiners, it may well also not be a  good practice to be holding fiat in reserve funds for the purpose of buying the dip, since newbies likely should be accumulating bitcoin regularly rather than holding back funds for the purposes of buying dips that may or may not end up happening.

DCA strategy is seen as one of the best investment strategy because it gives you the opportunity to accumulate Bitcoin at every price as we all know Bitcoin rise and fall the price fluctuate so using DCA strategy will make you buy at every price high and low.
Using DCA strategy to accumulate will also make you enjoy the process of Bitcoin investment.
DCA also eliminates the pressure of trying to time the market or predicting it.
Lastly by sticking to weekly or monthly accumulation of Bitcoin reduces emotional decision making the DCA strategy promotes discipline in investment, there by removing panic from investors during dip and also making them to focus only on long term investment.

This is all true.  Regular buying is good for anyone who is still trying to build up their bitcoin stash and they consider themselves to be needing a lot more bitcoin.  Some level of certainty comes from continuing to buy which is that your BTC stash will continue to get larger, even if the BTC price is likely fluctuating a lot along the way, you are still able to figure out how aggressively you are able to ongoingly buy bitcoin  at regular intervals no matter the bitcoin price...and perhaps 4-10 years or longer down the road, you will have accumulated a decent amount of BTC and even potentially put yourself at an advantage in terms of the various options that you have because of your having had accumulated bitcoin.. yet your profits are not guaranteed, even if you did everything perfectly.

[BitBakerr1]

[edited out]

Yes you are right what we use to accumulate and grow our Bitcoin is our Discretionary income however it is also good we have a reserve funds so when there's a dip we can accumulate aggressively using our reserve funds  some people argues that our reserve funds are not meant to be used to accumulate aggressively during a dip for me what you decide to use your reserve funds for is up to you is not something we should be arguing about, everyone that is building a reserve funds has a reason why he or she is building it.

You can do whatever you like with your reserve funds, including buying the dip.

People argue that you should not use emergency funds for buying the dip.

Emergency funds are different from reserve funds, and sure they are both kinds of back up funds, yet people are tending to argue that you have to have some back up funds that you don't actually spend unless there is an actual emergency.    Buying bitcoin on the dip is not an emergency, yet reserve funds can be used for buying bitcoin on the dip, if you have any at the time that dips come.

For newbies low coiners and/or no coiners, it may well also not be a  good practice to be holding fiat in reserve funds for the purpose of buying the dip, since newbies likely should be accumulating bitcoin regularly rather than holding back funds for the purposes of buying dips that may or may not end up happening.

Yeah reserve funds and emergency funds are different when it comes to emergency funds it should be used only for emergency situations like accident, sickness, house burn etc. This are emergency issues that should make you dip hands into your emergency funds, one can't use emergency funds to accumulate during a dip but one can use a reserve funds to do that.

I'm fully in support with the argument that you have to have some back up funds that you don't actually spend unless there is an actual emergency and such funds is emergency funds and not reserve funds one can do what ever he wants with his reserve funds when it comes to emergency funds it should be something very serious.

Yes you are right holding fiat in reserve funds for the purpose of buying the dip is like waiting for a dip which is not right because no one can be certain when a dip will happen so wait for something that you are not certain of may turn out to be a waste of time.

DCA strategy is seen as one of the best investment strategy because it gives you the opportunity to accumulate Bitcoin at every price as we all know Bitcoin rise and fall the price fluctuate so using DCA strategy will make you buy at every price high and low.
Using DCA strategy to accumulate will also make you enjoy the process of Bitcoin investment.
DCA also eliminates the pressure of trying to time the market or predicting it.
Lastly by sticking to weekly or monthly accumulation of Bitcoin reduces emotional decision making the DCA strategy promotes discipline in investment, there by removing panic from investors during dip and also making them to focus only on long term investment.

This is all true.  Regular buying is good for anyone who is still trying to build up their bitcoin stash and they consider themselves to be needing a lot more bitcoin.  Some level of certainty comes from continuing to buy which is that your BTC stash will continue to get larger, even if the BTC price is likely fluctuating a lot along the way, you are still able to figure out how aggressively you are able to ongoingly buy bitcoin  at regular intervals no matter the bitcoin price...and perhaps 4-10 years or longer down the road, you will have accumulated a decent amount of BTC and even potentially put yourself at an advantage in terms of the various options that you have because of your having had accumulated bitcoin.. yet your profits are not guaranteed, even if you did everything perfectly.

Yes that's true no one is certain what will come out of his or her Bitcoin investment and that is the little risk there, Bitcoin investment is risky too because just like you said your profit is not guarantee, I think as Bitcoin investor we should also bear this in mind also that our profit is not guaranteed because of the volatile nature of Bitcoin and since no one can predict correctly what may happen it means anything can happen and that why Bitcoin investment is risky however no matter how volatile Bitcoin is if you keep holding there's a great hope of getting profit even if is not certain.

[Moreno233]

I do not expect anyone to start their investment perfectly. As humans we are not limited to making mistakes in different aspect of our life.

Franky speaking bitcoin investment is not a smooth ride it is like a roller coaster it goes and goes down at regular interval.

Remember, never be discouraged, those who survive in the waves of the sea are the real sailors. It is natural that the price of Bitcoin will go up and down, the more you try and the more research you do, the more patient you are, the stronger you will become in the Bitcoin market and your investment will last for a long time. And if you want to follow the DCA method in Bitcoin investment and sustain it for a long time, then you must be patient, the more you can buy Bitcoin at a lower price, the more likely you will be to achieve success later.
Therefore, you should never take a break from buying in the Bitcoin market, because once you enter Bitcoin investment, you will definitely express the most interest in buying Bitcoin later. That is why it is most important for the investor to follow the DCA method, which will enable him to sustain his investment for a long time.

The DCA strategy alone cant enable you sustain your Bitcoin investment for a longer time what you need is your discretionary income this this what will enable you to still be accumulating Bitcoin and keep your bitcoin portfolio growing, DCA strategy is just one of the method which we can use to accumulate Bitcoin, the DCA strategy is highly recommended because it keeps you going in your bitcoin bitcoin either every weeks or every months irrespective of the price of Bitcoin and hodl for 4-10.
If you have insufficient discretionary income you can't accumulate Bitcoin and your bitcoin portfolio will stop growing.

I disagree with you complete because the DCA method is not lacking anything. If you religiously apply the DCA method, you can achieve your Bitcoin objective. To be honest, the DCA method is the best method anyone can use to buy Bitcoin because it is organized, and well structured to suit all level of income class. It eliminates fear and FOMO because with it you will have to wait for the time to come and you click buy without bothering what the price will be.

As I learnt the DCA method, I became more motivated to buy and hold for long because I am not buying without fear and not thinking of selling my Bitcoin because I have worked out how to buy with amount that will not disturb me one bit. As I receive my salary, I simply push the part I want to invest into Bitcoin there and continue to meet my needs as though I did not remove any money from my side.

[JayJuanGee]

[edited out]

Yes you are right holding fiat in reserve funds for the purpose of buying the dip is like waiting for a dip which is not right because no one can be certain when a dip will happen so wait for something that you are not certain of may turn out to be a waste of time.

Ultimately, each guy has to determine the extent to which he might choose to hold some funds back for the purpose of buying the dip, versus just buying regularly and ongoingly when they get the money.  There are trade offs, and surely I asserted that waiting and/or holdng money back is more problematic for newbie lowcoiners as compared with someone who had been accumulating bitcoin for a while, yet sometimes folks do prematurely conclude that they have enough or more than enough bitcoin, even though they should be ongoingly accumulating.

Another thing about buying the dip, there can be some psychological satisfaction in that, yet guys still have to figure if they are going to hold back some value in order to be able to buy dips, whether that is 25% or some other amount that they might choose to hold back.

DCA strategy is seen as one of the best investment strategy because it gives you the opportunity to accumulate Bitcoin at every price as we all know Bitcoin rise and fall the price fluctuate so using DCA strategy will make you buy at every price high and low.
Using DCA strategy to accumulate will also make you enjoy the process of Bitcoin investment.
DCA also eliminates the pressure of trying to time the market or predicting it.
Lastly by sticking to weekly or monthly accumulation of Bitcoin reduces emotional decision making the DCA strategy promotes discipline in investment, there by removing panic from investors during dip and also making them to focus only on long term investment.

This is all true.  Regular buying is good for anyone who is still trying to build up their bitcoin stash and they consider themselves to be needing a lot more bitcoin.  Some level of certainty comes from continuing to buy which is that your BTC stash will continue to get larger, even if the BTC price is likely fluctuating a lot along the way, you are still able to figure out how aggressively you are able to ongoingly buy bitcoin  at regular intervals no matter the bitcoin price...and perhaps 4-10 years or longer down the road, you will have accumulated a decent amount of BTC and even potentially put yourself at an advantage in terms of the various options that you have because of your having had accumulated bitcoin.. yet your profits are not guaranteed, even if you did everything perfectly.

Yes that's true no one is certain what will come out of his or her Bitcoin investment and that is the little risk there, Bitcoin investment is risky too because just like you said your profit is not guarantee, I think as Bitcoin investor we should also bear this in mind also that our profit is not guaranteed because of the volatile nature of Bitcoin and since no one can predict correctly what may happen it means anything can happen and that why Bitcoin investment is risky however no matter how volatile Bitcoin is if you keep holding there's a great hope of getting profit even if is not certain.

Even though anything can happen, there surely are various probabilities that can be assigned to different future outcomes, and some outcomes have higher probability as compared with other future outcomes.  We are not going to think through our probability assignments in the same way, and surely there are ways to prepare for a variety of outcomes without even being correct in the specifics, yet with bitcoin we may well hope that we are directionally correct, even if we might end up being wrong with specifics.

There are also ways to prepare for low probable events without overly preparing for them...so for example, even in 2022, there were many guys who got reckt when the BTC price went below the 200-WMA, which was then around $22k in June 2022, and the 200-WMA ended up moving up to $28k in late 2023.  In any event there were guys who were predicting that the BTC price would not go below the 200-WMA, and they overly bet on such outcomes, and surprisingly bitcoin spent a lot of time between June 2022 and October 2023 near or below the 200-WMA. 

It was likely a low probability event that ended up happening, but several guys were still able to hold through that period and even keep buying BTC during that time, even though they might have had suffered financially (at least on paper) during that time, but if they held through it and even held until current time, their bitcoin holdings are going to be nearly 4x better off, even today with our dip down to $80k as compared to where they were at during that period and while some other folks were completely destroyed by such bitcoin price moves because of the way that they had set up their bitcoin holdings without properly accounting for possible extreme negative scenarios like that to end up playing out.  There are other similar examples in bitcoin's history, and likely in the future there will be additional examples of extreme bitcoin price movements in the down and/or in the up direction.

I do not expect anyone to start their investment perfectly. As humans we are not limited to making mistakes in different aspect of our life.

Franky speaking bitcoin investment is not a smooth ride it is like a roller coaster it goes and goes down at regular interval.

Remember, never be discouraged, those who survive in the waves of the sea are the real sailors. It is natural that the price of Bitcoin will go up and down, the more you try and the more research you do, the more patient you are, the stronger you will become in the Bitcoin market and your investment will last for a long time. And if you want to follow the DCA method in Bitcoin investment and sustain it for a long time, then you must be patient, the more you can buy Bitcoin at a lower price, the more likely you will be to achieve success later.
Therefore, you should never take a break from buying in the Bitcoin market, because once you enter Bitcoin investment, you will definitely express the most interest in buying Bitcoin later. That is why it is most important for the investor to follow the DCA method, which will enable him to sustain his investment for a long time.

The DCA strategy alone cant enable you sustain your Bitcoin investment for a longer time what you need is your discretionary income this this what will enable you to still be accumulating Bitcoin and keep your bitcoin portfolio growing, DCA strategy is just one of the method which we can use to accumulate Bitcoin, the DCA strategy is highly recommended because it keeps you going in your bitcoin bitcoin either every weeks or every months irrespective of the price of Bitcoin and hodl for 4-10.
If you have insufficient discretionary income you can't accumulate Bitcoin and your bitcoin portfolio will stop growing.

I disagree with you complete because the DCA method is not lacking anything. If you religiously apply the DCA method, you can achieve your Bitcoin objective. To be honest, the DCA method is the best method anyone can use to buy Bitcoin because it is organized, and well structured to suit all level of income class. It eliminates fear and FOMO because with it you will have to wait for the time to come and you click buy without bothering what the price will be.

As I learnt the DCA method, I became more motivated to buy and hold for long because I am not buying without fear and not thinking of selling my Bitcoin because I have worked out how to buy with amount that will not disturb me one bit. As I receive my salary, I simply push the part I want to invest into Bitcoin there and continue to meet my needs as though I did not remove any money from my side.

I will admit that DCA is likely the best amongst a variety of possibilities, but it is not the best in all circumstances.

Let's say hypothetically, you have an income of around $30k per year, and over the past 4 years, you had been DCAing $100 per week into bitcoin, so maybe you have invested around $21k into bitcoin and you have accumulated close to 0.6 BTC.

Let's say that all of a sudden you receive an unexpected bonus (or some kind of pay out of $10k).  What are you going to do with it? 

Let's presume that you want to buy bitcoin with it, and let's assume that your back up funds and your emergency funds are sufficiently adequate, so then what are you going to do with the extra $10k that you just received?

Are you going to: 1) buy right away with it?  2) DCA over a certain period of time?  and/or 3) set up some buying on dips?

Guys are not going to necessarily come to the same conclusions about how to treat the extra $10k, and surely how they treat it can be different depending on where they are at in their bitcoin accumulating journey.. a person who is brand new to bitcoin might treat it differently from one who has been into bitcoin for 2 years, versus 4 years, versus 8 years, versus 10 years or versus some other timeline of being in bitcoin.

[ejikeme24]

I do not expect anyone to start their investment perfectly. As humans we are not limited to making mistakes in different aspect of our life.

Franky speaking bitcoin investment is not a smooth ride it is like a roller coaster it goes and goes down at regular interval.

~~.

In DCA method there's nothing like buying when the price is low because in DCA method an investor will buy at any phase of the market ( low and high) funny enough some people don't even know the difference between DCA and buy the Dip. Moreover, Patient is very necessary in Bitcoin investment because without it even if you have steady and stable source of income you will definitely sell your investment when it is not yet due.

DCA method is easy to understand. What people need to do is to know how to manage well their finances. Since if they don't know how to balance their spending's  the chance  for them to succeed is low.  they might have this sell now mentality then start over again mindset which is not advisable since chance to earn is guaranteed especially for short term sellers.

Patience and money management since this is essential factor especially if we want to invest on Bitcoin for long term. That's why we need to develop good discipline aside from thinking only for consistent accumulation so that everything will take place according to our long term plans.

DCA method is easy to follow but managing finances properly is quite difficult, it is not easy for every person. We know that in daily life, not everyone's source of income is equal, so those who can earn a good income can see success early, and those who have a small source of income can see success by investing very late. Basically, every person's mindset is different in terms of investment, some try to find a source of income from there by making short-term investments, while others invest long-term to get good success.

Patience is not easy for every person, many cannot do this, and many fail to manage finances, so it is important for them to have patience and financial management first. If you plan for long-term investment, then you must have financial stability and patience, and you must gain good experience about the market. If you can save along with your income and maintain discipline from there consistently, then you can plan for long-term investment, you can see success from this investment, but you always have to do everything with patience.

You're right being patient to HODL our bitcoin in the long run is not an easy task, that's for most investors. Which is why they prefer holding thier bitcoin for short term investment, the truth is that before one can be able to achieve a certain goal definitely you will have to make a sacrifice. However,  Is just like those investors who are patient enough to HODL thier bitcoin in the long run, you know those time spent while holding thier bitcoin is also a way of making sacrifice.

Because those time spent while holding thier bitcoin can be use for other important things that can also yield something in the future, but since they're aware of the good potential of bitcoin in the future made them to Stick to bitcoin investment. This is why they wouldn't mind how long it will take before they can be able to get profited, so far as they're guarantee about the outcome in the future.

[Richbased]

DCA strategy is seen as one of the best investment strategy because it gives you the opportunity to accumulate Bitcoin at every price as we all know Bitcoin rise and fall the price fluctuate so using DCA strategy will make you buy at every price high and low.
Using DCA strategy to accumulate will also make you enjoy the process of Bitcoin investment.
DCA also eliminates the pressure of trying to time the market or predicting it.
Lastly by sticking to weekly or monthly accumulation of Bitcoin reduces emotional decision making the DCA strategy promotes discipline in investment, there by removing panic from investors during dip and also making them to focus only on long term investment.

This is all true.  Regular buying is good for anyone who is still trying to build up their bitcoin stash and they consider themselves to be needing a lot more bitcoin.  Some level of certainty comes from continuing to buy which is that your BTC stash will continue to get larger, even if the BTC price is likely fluctuating a lot along the way, you are still able to figure out how aggressively you are able to ongoingly buy bitcoin  at regular intervals no matter the bitcoin price...and perhaps 4-10 years or longer down the road, you will have accumulated a decent amount of BTC and even potentially put yourself at an advantage in terms of the various options that you have because of your having had accumulated bitcoin.. yet your profits are not guaranteed, even if you did everything perfectly.

Since you said that profits are not guaranteed, is it not going to be problematic for an investor who have been investing within 4-10 years to find out that within the years of his hodling, he was not able to achieve any profits from his investment because the reason why am asking this question is because majority of investors have the mentality of making profits in the long run. So are you trying to tell us to only invest with the idea of building our portfolios instead of having the mentality of making profits from our investment? Because it will really be so disappointing for someone to invest and not able to make profits along while building his portfolio after investing for years.

[JayJuanGee]

DCA strategy is seen as one of the best investment strategy because it gives you the opportunity to accumulate Bitcoin at every price as we all know Bitcoin rise and fall the price fluctuate so using DCA strategy will make you buy at every price high and low.
Using DCA strategy to accumulate will also make you enjoy the process of Bitcoin investment.
DCA also eliminates the pressure of trying to time the market or predicting it.
Lastly by sticking to weekly or monthly accumulation of Bitcoin reduces emotional decision making the DCA strategy promotes discipline in investment, there by removing panic from investors during dip and also making them to focus only on long term investment.

This is all true.  Regular buying is good for anyone who is still trying to build up their bitcoin stash and they consider themselves to be needing a lot more bitcoin.  Some level of certainty comes from continuing to buy which is that your BTC stash will continue to get larger, even if the BTC price is likely fluctuating a lot along the way, you are still able to figure out how aggressively you are able to ongoingly buy bitcoin  at regular intervals no matter the bitcoin price...and perhaps 4-10 years or longer down the road, you will have accumulated a decent amount of BTC and even potentially put yourself at an advantage in terms of the various options that you have because of your having had accumulated bitcoin.. yet your profits are not guaranteed, even if you did everything perfectly.

Since you said that profits are not guaranteed, is it not going to be problematic for an investor who have been investing within 4-10 years to find out that within the years of his hodling, he was not able to achieve any profits from his investment because the reason why am asking this question is because majority of investors have the mentality of making profits in the long run.

You still have to figure out ways to size your investment while accounting for various risks, whether it is your own execution risks or other risks that are related to the asset, and surely bitcoin is not the same kind of an investment that it was 10 years ago.  Sure there are aspects of bitcoin that are the same or similar and there are aspects that are different, including any of us who had been investing into bitcoin, we have to figure out the extent to which we are going to reallocate out of bitcoin and into other things or if we are going to keep investing into bitcoin without reallocating out and into other things.

Also you should always be attempting to account for your own personal factors, and your own personal factors are not locked in, they change with time, with your age and health, with your income, with your expenses, with your other investments, with your skills and temperament and perhaps some other factors.

I am not saying that there is any correct answer, because if something goes wrong with your bitcoin investment, nobody is going to rescue you if you had not figured out ways to protect yourself in various ways.

So are you trying to tell us to only invest with the idea of building our portfolios instead of having the mentality of making profits from our investment?

My opinion is one of many, and my opinion might even change from time to time, and surely I frequently suggest that guys invest in accordance with their own personal financial and psychological factors, while at the same time I frequently suggest that bitcoin is amongst the best, if not the best investment that is available to everyone (and anyone) around the world, so there is likely going to be value in figuring out cashflow management systems and backup fund management systems that facilitate your being able to invest as aggressively into bitcoin as you are able to without overdoing it and wrecking yourself.   That still does not mean that bitcoin is guaranteed, and each of us has to figure out our allocations and perhaps how to build a bitcoin position.

Surely, I also suggest that once guys get to a point of being overallocated in bitcoin, then they are likely in a position to start to sustainably withdraw from their bitcoin in perpetual ways (I even have a thread on the topic)...yeah it is not guaranteed, but it surely seems like a great potential situation if guys can get their bitcoin holdings to such a status.

Because it will really be so disappointing for someone to invest and not able to make profits along while building his portfolio after investing for years.

Well, hopefully you are able to figure out ways that you can balance matters out, since it would also be disappointing if any one overly invests into bitcoin and things do not end up going as they expected, whether they personally screw it up or if for some reason bitcoin does not end up appreciating in value...however any of us might end up measuring the value of our bitcoin holdings.

Surely I like to use the 200-WMA (for the bottom price) - but of course, we do not buy and sell bitcoin at the 200-WMA, we tend to buy it at spot price, so I frequently like to compare the 200-WMA to spot price in terms of my own valuation and also strategies of what to do, including if I might assume that at some point guys get their bitcoin holdings to points of overaccumulation.

And, don't get me wrong, since I consider bitcoin to be a life time investment, and surely there are folks who consider that if bitcoin is "not guaranteed." then they are not going to hold it, which is an extreme opposite position, since I surely consider high allocations to bitcoin to be  good thing, such as beginners should be able to start out by aiming for 5% to 25% allocations into bitcoin, and even to allow their bitcoin holdings to ride instead of reallocation, yet of course, they have to also be considering what their other investments are and if they want all of their value to be in bitcoin or perhaps bitcoin and dollars and to question the extent to which they might want to make sure that they reallocate from time to time, in the event that they might be overexposed to bitcoin.  I consider diversification to become important later on our investment, yet it may not be necessary in the beginning stages so long as guys understand that bitcoin is also not guaranteed, even if they might be striving to aggressively invest into it.

You should be able to figure out ways of talking about (and thinking about) bitcoin without proclaiming that it is guaranteed to be profitable in the long run (such as 10 years or more), when that truly is not the case.

[BitBakerr1]

[edited out]

Yes you are right holding fiat in reserve funds for the purpose of buying the dip is like waiting for a dip which is not right because no one can be certain when a dip will happen so wait for something that you are not certain of may turn out to be a waste of time.

Ultimately, each guy has to determine the extent to which he might choose to hold some funds back for the purpose of buying the dip, versus just buying regularly and ongoingly when they get the money.  There are trade offs, and surely I asserted that waiting and/or holdng money back is more problematic for newbie lowcoiners as compared with someone who had been accumulating bitcoin for a while, yet sometimes folks do prematurely conclude that they have enough or more than enough bitcoin, even though they should be ongoingly accumulating.

Another thing about buying the dip, there can be some psychological satisfaction in that, yet guys still have to figure if they are going to hold back some value in order to be able to buy dips, whether that is 25% or some other amount that they might choose to hold back.

Well I don't think holding back funds just for the purpose of buying in the dip is right especially for newbies because if they have that mindset they will hold more funds and wait for the dip rather than investing it and before you know it there attention will totally shift from DCA to wait for dip, I think newbies should build there reserve funds and if along the line they see a good use for it then they can use it, it most not be for dip only.
Well what may be enough Bitcoin for you may not be for another person but is right and good we have a high standard for ourselves.

DCA strategy is seen as one of the best investment strategy because it gives you the opportunity to accumulate Bitcoin at every price as we all know Bitcoin rise and fall the price fluctuate so using DCA strategy will make you buy at every price high and low.
Using DCA strategy to accumulate will also make you enjoy the process of Bitcoin investment.
DCA also eliminates the pressure of trying to time the market or predicting it.
Lastly by sticking to weekly or monthly accumulation of Bitcoin reduces emotional decision making the DCA strategy promotes discipline in investment, there by removing panic from investors during dip and also making them to focus only on long term investment.

This is all true.  Regular buying is good for anyone who is still trying to build up their bitcoin stash and they consider themselves to be needing a lot more bitcoin.  Some level of certainty comes from continuing to buy which is that your BTC stash will continue to get larger, even if the BTC price is likely fluctuating a lot along the way, you are still able to figure out how aggressively you are able to ongoingly buy bitcoin  at regular intervals no matter the bitcoin price...and perhaps 4-10 years or longer down the road, you will have accumulated a decent amount of BTC and even potentially put yourself at an advantage in terms of the various options that you have because of your having had accumulated bitcoin.. yet your profits are not guaranteed, even if you did everything perfectly.

Yes that's true no one is certain what will come out of his or her Bitcoin investment and that is the little risk there, Bitcoin investment is risky too because just like you said your profit is not guarantee, I think as Bitcoin investor we should also bear this in mind also that our profit is not guaranteed because of the volatile nature of Bitcoin and since no one can predict correctly what may happen it means anything can happen and that why Bitcoin investment is risky however no matter how volatile Bitcoin is if you keep holding there's a great hope of getting profit even if is not certain.

Even though anything can happen, there surely are various probabilities that can be assigned to different future outcomes, and some outcomes have higher probability as compared with other future outcomes.  We are not going to think through our probability assignments in the same way, and surely there are ways to prepare for a variety of outcomes without even being correct in the specifics, yet with bitcoin we may well hope that we are directionally correct, even if we might end up being wrong with specifics.

There are also ways to prepare for low probable events without overly preparing for them...so for example, even in 2022, there were many guys who got reckt when the BTC price went below the 200-WMA, which was then around $22k in June 2022, and the 200-WMA ended up moving up to $28k in late 2023.  In any event there were guys who were predicting that the BTC price would not go below the 200-WMA, and they overly bet on such outcomes, and surprisingly bitcoin spent a lot of time between June 2022 and October 2023 near or below the 200-WMA. 

It was likely a low probability event that ended up happening, but several guys were still able to hold through that period and even keep buying BTC during that time, even though they might have had suffered financially (at least on paper) during that time, but if they held through it and even held until current time, their bitcoin holdings are going to be nearly 4x better off, even today with our dip down to $80k as compared to where they were at during that period and while some other folks were completely destroyed by such bitcoin price moves because of the way that they had set up their bitcoin holdings without properly accounting for possible extreme negative scenarios like that to end up playing out.  There are other similar examples in bitcoin's history, and likely in the future there will be additional examples of extreme bitcoin price movements in the down and/or in the up direction.

From your explanation it is clear that the only way to become successful in Bitcoin investment or to overcome the risk in Bitcoin investment is to keep holding till you see is a good time to take profit so for those who set a target of 4 to 5 years you may not benefit because of Bitcoin volatile nature, I believe those who who has been holding from 2013 or 2018 till date may not have target of the number of years they want to hold for, if you set a target of 5 years and getting to that 5 years a dip happens will you still sell or you will keep holding, I think the right approach is to keep holding till the right time and since know one can predict the future or tell what will happen in the future is better to remove number of years target and keep holding till the right time and when is the right time the right time is when Bitcoin reaches a new great mile stone.

[Sonia_123]

[edited out]

Of course nobody could know for sure where bitcoin is going or could be going, but in hindsight there is now some basis for doing some comprehensible calculations. Those calculations can't be accurate except for hitting the bully eye out of pure luck, but they can now contain some reasonableness. Putting the total amount of a new asset class, in this case a digital asset class which was bound to develop in these digital ages, into perspective of total global assets could have provided an indication for the upside potential back in 2010,11,12 and afterwards. That is why I think there is still great upside for bitcoin, but relatively lower compared to what it was. This is not worth mentioning because any asset class that literally starts at zero has an almost unlimited upside potential, but I think you know what I mean. Bitcoin has tons of potential and I doubt that a shitcoin will take its place unless there is a hugely orchestrated move by dozens of the existing billionaires, but seeing how twitter tanked in value makes me confident that even an orchestrated move to shift value from bitcoin to another shitcoin network could go horribly wrong for them.

I think that it is true that with something like a protocol layer asset like bitcoin and/or money, the challenger to the incumbent (bitcoin in this case), needs to be around 10x better or more in order to unseat the incumbent.    Part of the reason that bitcoin is going to be unseating both gold and the dollar is because bitcoin is more than 10x better than either of those systems... even though it could still take 50-200 years for the unseating to take place and for bitcoin to mostly replace gold and/or the dollar.

Sure, many things could happen in the next 50-200 years in order to change the dynamics and our to change the current trajectory, yet based on our current information, we should continue to recognize bitcoin as the dominant one in which all monetary value will flow, and it was also likely true 10 years ago or more and even more difficult to see, even though bitcoin's superiority should be within reach of being seen, even though surely it seems that a lot of normies continue to be confused about both what bitcoin is and/or to imagine that bitcoin is going to continue to eat away at the monetary value of a lot of assets that are currently monetized, since bitcoin is the superior and more efficient money. Even if we are talking about monetized assets, such as real estate, stocks, bonds, art & collectables, other commodities that are being used for their monetary value rather than for their utility value, many of these will be revalued to be closer to their utility value and the excess monetary and/or storage of value aspects being kept in those various other assets will flow into bitcoin as the superior and more efficient money (including bitcoin's storage of value aspect), yet of course, bitcoin is superior in regards to its other monetary attributes too, such as its transportability, verifiability, scarcity, divisibility, not needing a third party, cost savings, programability, and even bitcoin's non-physicality can be considered as an attribute when it comes to bitcoin's money qualities..

One of the biggest contra arguments some people bring up is that monetary policy can't be done with bitcoin during varying economic states like inflation, reaction to financial crises or other critical economic states.

Since you are speaking of unseating both gold and the dollar, I was more thinking of coexistence where bitcoin will be the safe haven high value deflationary network that will force politicians into making sound monetary policy with fiat currencies or otherwise financial capital will further leave the fiat system and critically harm the underlying economy, in case of the dollar it would be the US. This would lead to fiat systems competing with each other because if they all do bad, they would be done rather sooner than later and wealth would be flowing into bitcoin.

If one government overreacts because of that and regulates bitcoin hoping this will help stopping wealth leaving their fiat system, other governments could embrace bitcoin and there strengthen bitcoin and their own fiat system plus their economy.

This is a very abstract explanation of how I can see this unfold because there is globalization and all sorts of financial interdependencies, which leads to trickle down effects if one fiat system crashes to the ground.

But maybe you can give your thought on this and since this is "Buy Buy... Sell Sell...", it still relates to the topic here as what I have explained is a strong argument to acquire bitcoin. What would your vision look like and how do you think would monetary policy work if bitcoin was the global currency?

This is where Bitcoin will come in and dominate all currencies and the government will have no choice but accept Bitcoin because Bitcoin will be their only saviour to their economy l, it is better the politicians realize the importance of Bitcoin before they will have no choice than to be forced by nature to accept Bitcoin .

[JayJuanGee]

[edited out]

Yes you are right holding fiat in reserve funds for the purpose of buying the dip is like waiting for a dip which is not right because no one can be certain when a dip will happen so wait for something that you are not certain of may turn out to be a waste of time.

Ultimately, each guy has to determine the extent to which he might choose to hold some funds back for the purpose of buying the dip, versus just buying regularly and ongoingly when they get the money.  There are trade offs, and surely I asserted that waiting and/or holdng money back is more problematic for newbie lowcoiners as compared with someone who had been accumulating bitcoin for a while, yet sometimes folks do prematurely conclude that they have enough or more than enough bitcoin, even though they should be ongoingly accumulating.

Another thing about buying the dip, there can be some psychological satisfaction in that, yet guys still have to figure if they are going to hold back some value in order to be able to buy dips, whether that is 25% or some other amount that they might choose to hold back.

Well I don't think holding back funds just for the purpose of buying in the dip is right especially for newbies because if they have that mindset they will hold more funds and wait for the dip rather than investing it and before you know it there attention will totally shift from DCA to wait for dip, I think newbies should build there reserve funds and if along the line they see a good use for it then they can use it, it most not be for dip only.
Well what may be enough Bitcoin for you may not be for another person but is right and good we have a high standard for ourselves.

Surely once a guy builds up his emergency fund, perhaps as he continues to build up his bitcoin stash, at some point he will get to a level of emergency funds  that he considers that he has enough, and then as you suggested, he can continue to build up back up funds that would fit into the category of reserve funds, and sure, those reserve funds might be multi-purposed, and surely they might have priorities that vary.. such as the guys saving up to buy a new car might have a higher priority than his  buying a new phone since he might know that the car might help him with his income or some other thing that he is trying to achieve related to his business... I am just using this as an example, and surely some folks buy cars for income generating purposes, and other guys buy cars for status and/or convenience purposes that may or may not justify the extra expense.. but guys have to make their calculations, and sure if a guy had saved up $2,000 for a new car, and he still need to get to around $3,500 to be able to buy the one that he wants, then sure if the bitcoin price dips, he might have a dilemma regarding what he perceives as more important, his saving up for the car or his buying some bitcoin, and maybe if he already has a car, then he might consider that his need to upgrade his car might not be a high priority, so maybe he takes half of his car savings to buy bitcoin, which delays his ability to get the car by around 2-3 months.. .and those are choices that he has to make and the outcome of those decisions may well not be the same for each guy in terms of his calculating of his priorities.

DCA strategy is seen as one of the best investment strategy because it gives you the opportunity to accumulate Bitcoin at every price as we all know Bitcoin rise and fall the price fluctuate so using DCA strategy will make you buy at every price high and low.
Using DCA strategy to accumulate will also make you enjoy the process of Bitcoin investment.
DCA also eliminates the pressure of trying to time the market or predicting it.
Lastly by sticking to weekly or monthly accumulation of Bitcoin reduces emotional decision making the DCA strategy promotes discipline in investment, there by removing panic from investors during dip and also making them to focus only on long term investment.

This is all true.  Regular buying is good for anyone who is still trying to build up their bitcoin stash and they consider themselves to be needing a lot more bitcoin.  Some level of certainty comes from continuing to buy which is that your BTC stash will continue to get larger, even if the BTC price is likely fluctuating a lot along the way, you are still able to figure out how aggressively you are able to ongoingly buy bitcoin  at regular intervals no matter the bitcoin price...and perhaps 4-10 years or longer down the road, you will have accumulated a decent amount of BTC and even potentially put yourself at an advantage in terms of the various options that you have because of your having had accumulated bitcoin.. yet your profits are not guaranteed, even if you did everything perfectly.

Yes that's true no one is certain what will come out of his or her Bitcoin investment and that is the little risk there, Bitcoin investment is risky too because just like you said your profit is not guarantee, I think as Bitcoin investor we should also bear this in mind also that our profit is not guaranteed because of the volatile nature of Bitcoin and since no one can predict correctly what may happen it means anything can happen and that why Bitcoin investment is risky however no matter how volatile Bitcoin is if you keep holding there's a great hope of getting profit even if is not certain.

Even though anything can happen, there surely are various probabilities that can be assigned to different future outcomes, and some outcomes have higher probability as compared with other future outcomes.  We are not going to think through our probability assignments in the same way, and surely there are ways to prepare for a variety of outcomes without even being correct in the specifics, yet with bitcoin we may well hope that we are directionally correct, even if we might end up being wrong with specifics.

There are also ways to prepare for low probable events without overly preparing for them...so for example, even in 2022, there were many guys who got reckt when the BTC price went below the 200-WMA, which was then around $22k in June 2022, and the 200-WMA ended up moving up to $28k in late 2023.  In any event there were guys who were predicting that the BTC price would not go below the 200-WMA, and they overly bet on such outcomes, and surprisingly bitcoin spent a lot of time between June 2022 and October 2023 near or below the 200-WMA. 

It was likely a low probability event that ended up happening, but several guys were still able to hold through that period and even keep buying BTC during that time, even though they might have had suffered financially (at least on paper) during that time, but if they held through it and even held until current time, their bitcoin holdings are going to be nearly 4x better off, even today with our dip down to $80k as compared to where they were at during that period and while some other folks were completely destroyed by such bitcoin price moves because of the way that they had set up their bitcoin holdings without properly accounting for possible extreme negative scenarios like that to end up playing out.  There are other similar examples in bitcoin's history, and likely in the future there will be additional examples of extreme bitcoin price movements in the down and/or in the up direction.

From your explanation it is clear that the only way to become successful in Bitcoin investment or to overcome the risk in Bitcoin investment is to keep holding till you see is a good time to take profit so for those who set a target of 4 to 5 years you may not benefit because of Bitcoin volatile nature, I believe those who who has been holding from 2013 or 2018 till date may not have target of the number of years they want to hold for, if you set a target of 5 years and getting to that 5 years a dip happens will you still sell or you will keep holding, I think the right approach is to keep holding till the right time and since know one can predict the future or tell what will happen in the future is better to remove number of years target and keep holding till the right time and when is the right time the right time is when Bitcoin reaches a new great mile stone.

Each of us has to figure this out, and surely there have been a lot of guys who sold way too much of their bitcoin way too soon, and surely once we get through a whole cycle of accumulating bitcoin, we may well have to figure out some new ways of evaluating our bitcoin that are based on how far we have gotten in our accumulation and if we want to sell all our bitcoin right away or if we might enter into some kinds of a sustainable withdrawal of our bitcoin.  Surely, even if previously, we might have had assessed that we could sell all of our bitcoin, we might come to realize that it would be better if we figured out how to employ some kind of a sustainable withdrawal system, which might mean that we have to continue to accumulate for another cycle, perhaps depending on how much bitcoin we had already accumulated, and sure there could also be situations where we might conjecture that we had accumulated enough bitcoin, yet we still are not in a position to start selling within our sustainable withdrawal, so instead we might transition to either buying dips or perhaps we might consider that we might have a whole cycle of HODLing before we might be ready to transition from accumulation, to maintenance and then to sustainable  withdrawal.  I think that I try to help with the making of those kinds of calculations in my sustainable withdrawal thread, yet guys are going to have to independently assess if they agree with some variation of my approach or if they believe that they would be better off taking some other kind of an approach towards their bitcoin portfolio management.

[edited out]

This is where Bitcoin will come in and dominate all currencies and the government will have no choice but accept Bitcoin because Bitcoin will be their only saviour to their economy l, it is better the politicians realize the importance of Bitcoin before they will have no choice than to be forced by nature to accept Bitcoin .

You are probably correct in regards to bitcoin's ultimately continuing to run.. tick, tock next block, yet it seems to me that governments and financial institutions are going to continue to try fight bitcoin and to try to control bitcoin in various kinds of ways.  They likely are going to either believe that they are going to be successful or they will proclaim that they are going to be successful in regards to fighting and/or controlling bitcoin, even while knowing that they are not going to be successful, but yeah, they are going to be limited in their abilities to fight and/or control bitcoin, even though several of them are going to do it, either outwardly by showing hostility or through subtle ways (perhaps showing themselves as bitcoin-friendly but at the same time trying to pigeonhole the abilities of individuals to sovereignty use bitcoin).

[CageMabok]

This is where Bitcoin will come in and dominate all currencies and the government will have no choice but accept Bitcoin because Bitcoin will be their only saviour to their economy l, it is better the politicians realize the importance of Bitcoin before they will have no choice than to be forced by nature to accept Bitcoin .

More precisely, not forced by nature, but forced to admit Bitcoin as the best by the influence of current conditions and must accept it as the best asset in the world. Those who are still skeptical and do not want to see Bitcoin as the best will face a level of difficulty in the economic sector because currently the world economy is not going well, especially with the new tariffs that have been issued by Trump for several countries that like to import goods. So no matter how the government moves in the economic sector, what is called Bitcoin must still be seen as a good investment opportunity and also as an opportunity to save their economy in the future because Bitcoin is an ark that can be used by everyone to save themselves from the economic crisis that might come again in the future.

[Ricardo11]

This is where Bitcoin will come in and dominate all currencies and the government will have no choice but accept Bitcoin because Bitcoin will be their only saviour to their economy l, it is better the politicians realize the importance of Bitcoin before they will have no choice than to be forced by nature to accept Bitcoin .

More precisely, not forced by nature, but forced to admit Bitcoin as the best by the influence of current conditions and must accept it as the best asset in the world. Those who are still skeptical and do not want to see Bitcoin as the best will face a level of difficulty in the economic sector because currently the world economy is not going well, especially with the new tariffs that have been issued by Trump for several countries that like to import goods. So no matter how the government moves in the economic sector, what is called Bitcoin must still be seen as a good investment opportunity and also as an opportunity to save their economy in the future because Bitcoin is an ark that can be used by everyone to save themselves from the economic crisis that might come again in the future.

Bitcoin is the best investment currency, and Bitcoin has a bright future. No matter what the current economic situation in the world is, Bitcoin will continue to be the best and the biggest, Bitcoin is already the best and the biggest, but it will gain even more greatness in the future.
Those who are still skeptical and still think of Bitcoin as a scam, they are going to regret it a lot in the future. Because when they face financial disasters due to inflation, that time Bitcoin will provide security to every Bitcoin investor. And in that situation, those who previously thought of Bitcoin as a scam, they will not get that security and regret fur not accepting Bitcoin.
That is why investors should now think based on the real situation, Bitcoin is the alternative to survive the future risks, and they should try to understand this.
El Salvador has adopted Bitcoin as their national currency, because they have understood the real potential and success of Bitcoin. And this is something every investor should think about. Bitcoin is an independent currency, and Bitcoin will give every investor the opportunity to independently build their own future in the future, and Bitcoin will achieve greatness in the future and gain global fame. So buy as much Bitcoin as you can, because if you miss this opportunity now, it may not come back in the future.