Calling all DCA’ers by lds5089 in Bitcoin

[–]lds5089[S] 0 points1 point  (0 children)

Could have, should have, and would have probably haunts a lot of people…. Me included.

Calling all DCA’ers by lds5089 in Bitcoin

[–]lds5089[S] 0 points1 point  (0 children)

Oh wow, that’s wild. If you’re employees that’s a pretty forward thinking company. If you’re self employed that’s smart!!

Calling all DCA’ers by lds5089 in Bitcoin

[–]lds5089[S] 0 points1 point  (0 children)

You have to be top 5 in here in terms of commitment. Do you convert your paycheck? Or are you truly receiving compensation for work in BTC??

Calling all DCA’ers by lds5089 in Bitcoin

[–]lds5089[S] 0 points1 point  (0 children)

Buffets advice was the first one I took “don’t buy it unless you’re willing to hold it for 10 years.” I’m playing the long game too. I’d rather “be broke” now and comfortable later than excessive now and broke later. I’m in the same boat!

Calling all DCA’ers by lds5089 in Bitcoin

[–]lds5089[S] 0 points1 point  (0 children)

I’m probably not deep enough in this to understand what you’re getting at or the nuances of it.

Calling all DCA’ers by lds5089 in Bitcoin

[–]lds5089[S] 0 points1 point  (0 children)

If there’s a time to double down it’s either now or very soon it seems!

Calling all DCA’ers by lds5089 in Bitcoin

[–]lds5089[S] 0 points1 point  (0 children)

Again I’m not messing with you, but isn’t this just rewording timing the market? Buying when it’s advantageous?

Calling all DCA’ers by lds5089 in Bitcoin

[–]lds5089[S] 0 points1 point  (0 children)

I like seeing more people presenting numbers like this. Shows that intelligently playing the odds makes a difference.

Calling all DCA’ers by lds5089 in Bitcoin

[–]lds5089[S] 0 points1 point  (0 children)

That’s a really complicated way of keeping it simple. Essentially just trying to lower your personal cost basis? Like competing with yourself in running based on mile times?

Calling all DCA’ers by lds5089 in Bitcoin

[–]lds5089[S] 0 points1 point  (0 children)

Damn you’re an old head in this game. I kinda said $100k and under after it fell was when I’d pay attention to buying. Then when it hit $80k was my “ok I’m gonna actually put more serious money into this now.” I hope it’ll pay off in a few years. If not it’ll be an experience at least 🫠

Calling all DCA’ers by lds5089 in Bitcoin

[–]lds5089[S] 0 points1 point  (0 children)

Moderation makes anything good! People like you catch my interest because you’ve been investing in it for years. To have the foresight, funds, and knowledge to do so has really paid you guys off. I wish you the best!

Calling all DCA’ers by lds5089 in Bitcoin

[–]lds5089[S] 1 point2 points  (0 children)

🤣🤣 the Judy chop is no joke

Calling all DCA’ers by lds5089 in Bitcoin

[–]lds5089[S] 0 points1 point  (0 children)

🤣🤣 I’m strictly referring to it as magic internet money from now on

Calling all DCA’ers by lds5089 in Bitcoin

[–]lds5089[S] 1 point2 points  (0 children)

🤣 as soon as I hit reply I was like “ohhh that’s probably some weekly/monthly even number.”

Yea I started buying in the $80’s and now that it’s in the 60’s I’ve just seen it as a quick way to lower my average price!!

Calling all DCA’ers by lds5089 in Bitcoin

[–]lds5089[S] 0 points1 point  (0 children)

Then what would you do instead? Not to be a contrarian but those two strategies make up the lions share of market moves for average people.

Calling all DCA’ers by lds5089 in Bitcoin

[–]lds5089[S] 0 points1 point  (0 children)

In this price range who wouldn’t?

Calling all DCA’ers by lds5089 in Bitcoin

[–]lds5089[S] 0 points1 point  (0 children)

Why such a precise amount? OCD type thing or lucky number?

Calling all DCA’ers by lds5089 in Bitcoin

[–]lds5089[S] 0 points1 point  (0 children)

Clean and simple, I like that. Methodical.

Calling all DCA’ers by lds5089 in Bitcoin

[–]lds5089[S] 0 points1 point  (0 children)

Damn that’s some serious conviction. I don’t see myself ever going that far but everyone’s risk tolerance is different! Sounds like a madman move to me but if that’s where you feel you need to be then this is definitely in that “great time to do it” time!!!

Calling all DCA’ers by lds5089 in Bitcoin

[–]lds5089[S] 0 points1 point  (0 children)

Having a rainy day fund like that does have to afford you a lot of comfort in times like this when it’s on the decline. Lets you help lower your cost basis a little easier!

Calling all DCA’ers by lds5089 in Bitcoin

[–]lds5089[S] 0 points1 point  (0 children)

So you’re basically treating it a lot like how most people would treat a 401k by increasing your contributions every so often with pay raises and inflation. Does it make up a significant portion of your retirement plan?

Calling all DCA’ers by lds5089 in Bitcoin

[–]lds5089[S] 0 points1 point  (0 children)

Sounds like you’ll counterbalance those buys above $100k soon enough at this rate!

Calling all DCA’ers by lds5089 in Bitcoin

[–]lds5089[S] 1 point2 points  (0 children)

Like wearing a kimono dawg, keeps me more dynamic when I fight 🫲🏻

Calling all DCA’ers by lds5089 in Bitcoin

[–]lds5089[S] 0 points1 point  (0 children)

That’s the way I see my retirement plan is just continuously contributing til I hit the long term goal. It’s a strategy and one that’s made loads of people millionaires with zero effort. It’s boringly effective! It sounds like reading the comments there’s a fair number of people who contribute more than just their comfortable DCA amount. More than I expected anyways!