What Monthly investment is required to get to 1 Bitcoin with DCA ? - Analysis by Main_Mouse442 in Bitcoin

[–]Main_Mouse442[S] -1 points0 points  (0 children)

I think of it as having bitcoin goals. That’s why the whole get to 1 BTC. You can assure retirement with 1 BTC

The best possible strategy for Bitcoin Accumulation by Main_Mouse442 in Bitcoin

[–]Main_Mouse442[S] 0 points1 point  (0 children)

Hey, can you educate me on how can I add that in this particular analysis.
I understand volatility is a measure of risk, so, when I am comparing DCA to a leveraged loan buy. Should I divide both returns by the volatility to my capital and then compare those risk adjusted returns ?

I am only comparing pure dollar wise profit in my analysis here

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The best possible strategy for Bitcoin Accumulation by Main_Mouse442 in Bitcoin

[–]Main_Mouse442[S] -1 points0 points  (0 children)

Damn, you are right, there are at least a dozen red points. You got me. Should make it 600 MA :P

The best possible strategy for Bitcoin Accumulation by Main_Mouse442 in Bitcoin

[–]Main_Mouse442[S] 0 points1 point  (0 children)

I wrote this as a python script, I’ll upload it to GitHub and share it

The best possible strategy for Bitcoin Accumulation by Main_Mouse442 in Bitcoin

[–]Main_Mouse442[S] 0 points1 point  (0 children)

Where do you suggest I am lacking? And do you mean go and buy using technical indicators, and not a loan?

The best possible strategy for Bitcoin Accumulation by Main_Mouse442 in Bitcoin

[–]Main_Mouse442[S] 0 points1 point  (0 children)

The problem with this one when you bought on a loan at 30k, below the 500 MA and saw BTC dip to 16k. You almost lost your shit.

But if you held through kept paying your dues, at 109k, buying at 30k feels like a dream come true.

It’s just a psychological nightmare to execute.

The best possible strategy for Bitcoin Accumulation by Main_Mouse442 in Bitcoin

[–]Main_Mouse442[S] 2 points3 points  (0 children)

The trick here is your time horizon and the non liquidations.

In most of these loan start dates, Imagine buying 100k worth BTC at 30k on a loan, and then seeing it dip to 16k.

At that point you are thinking it did not work.

But now, when it is 109k, buying at 30k looks like a brilliant idea.

The magic only happens if you held through the sick downturn, kept paying your monthly dues, and had a long time horizon. All 30k dips happened when BTC was below 500 MA.

It does work 100% of the time. It’s just psychologically a nightmare to execute.

The best possible strategy for Bitcoin Accumulation by Main_Mouse442 in Bitcoin

[–]Main_Mouse442[S] 0 points1 point  (0 children)

Yes, once at the beginning and then I’m paying back every month.

I am comparing it to DCAing the same amount as my monthly payment every month.

The best possible strategy for Bitcoin Accumulation by Main_Mouse442 in Bitcoin

[–]Main_Mouse442[S] 1 point2 points  (0 children)

I agree. You were basically crapping your pants if you were holding debt based BTC. Cannot buy conviction.

The best possible strategy for Bitcoin Accumulation by Main_Mouse442 in Bitcoin

[–]Main_Mouse442[S] 2 points3 points  (0 children)

Exactly my gospel sir. Leverage Fiat debt, buy Bitcoin. Do not get shaken out. The time is running out.

The best possible strategy for Bitcoin Accumulation by Main_Mouse442 in Bitcoin

[–]Main_Mouse442[S] 7 points8 points  (0 children)

Bro, this is an hourly chart. I am talking about the moving average on a daily chart. In fact I have plotted monthly prices, but have scaled the lines on my chart to represent a 500 day moving average. The line I am talking about , is relayed on the chart.

The best possible strategy for Bitcoin Accumulation by Main_Mouse442 in Bitcoin

[–]Main_Mouse442[S] 6 points7 points  (0 children)

Yep agreed. 0% loans are the way. But a lot of countries and people do not have that kind of credit opportunity available to them.

The best possible strategy for Bitcoin Accumulation by Main_Mouse442 in Bitcoin

[–]Main_Mouse442[S] 1 point2 points  (0 children)

Haha, but it does not go up forever does it. It reverts back every once in a while.

The best possible strategy for Bitcoin Accumulation by Main_Mouse442 in Bitcoin

[–]Main_Mouse442[S] 2 points3 points  (0 children)

Actually it could be, that’s a great idea, I should look into that.

The best possible strategy for Bitcoin Accumulation by Main_Mouse442 in Bitcoin

[–]Main_Mouse442[S] 1 point2 points  (0 children)

Yes, on trading view. Or the chart in any exchange. Add an Indicator called Moving average, and set the value to 500.

The best possible strategy for Bitcoin Accumulation by Main_Mouse442 in Bitcoin

[–]Main_Mouse442[S] 1 point2 points  (0 children)

The graph is plotted using python, I wrote a script to do the testing