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 Bitcoin and other Cryptocurrencies, Comprehensive guide on first page.

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solstice818
post Jun 23 2021, 02:54 PM

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QUOTE(Moogle Stiltzkin @ Jun 23 2021, 02:19 PM)
user posted image

wow this dogecoin holder invested 15k usd and made 167k in one day. overall he made $1,012,813 USD, thats nuts  shocking.gif



basically he dollar cost averaged by banking in $100 usd each week until he invested in total 15k usd, and made a 1632% increase of what he invested in total.

so he didn't just straight up invested 15k in one shot. he did it bit by over time and this was his result. this is how powerful the dollar cost averaging tactic is at least in this guy's case.

Sure you could argue had he gone all in at bottom dip, he could have made more. but nobody ever knows what is the bottom. so he used the dollar cost averaging to stay safe and it paid out.
warning: i am not a financial advisor, nor do i hold any doge. so i'm not trying to peddle this onto anyone, but i found this interesting  hmm.gif
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No he didn't. He was using it as an example to show how strong DCA is.
Moogle Stiltzkin
post Jun 23 2021, 03:04 PM

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This post has been edited by Moogle Stiltzkin: Jun 26 2021, 12:26 AM
andrekua2
post Jun 23 2021, 03:04 PM

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QUOTE(Porie @ Jun 23 2021, 02:52 PM)
Few days till salary day now back to 33k again, aiyaa
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It will be still ranging... So fast fomo?
Porie
post Jun 23 2021, 03:18 PM

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QUOTE(andrekua2 @ Jun 23 2021, 03:04 PM)
It will be still ranging... So fast fomo?
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just wish I have more money to buy biggrin.gif
ironman16
post Jun 23 2021, 04:51 PM

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QUOTE(Moogle Stiltzkin @ Jun 23 2021, 12:47 PM)
i updated my avatar. do you like  nod.gif

i made one for you if you want to use  sweat.gif

user posted image
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thanks for ur pic....... thumbup.gif thumbup.gif thumbup.gif

mmg pro u .....must b expert in photoshop.....i just use pic from the internet aje sweat.gif

This post has been edited by ironman16: Jun 23 2021, 04:52 PM
stormseeker92
post Jun 23 2021, 04:56 PM

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just want to know why some buy altcoins instead of btc eth xrp etc?
ktek
post Jun 23 2021, 05:00 PM

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QUOTE(Moogle Stiltzkin @ Jun 23 2021, 12:47 PM)
i updated my avatar. do you like  nod.gif

i made one for you if you want to use  sweat.gif

user posted image
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ehh long ago u was using a cute gal wink or biting finger one rite
SmallPenguin
post Jun 23 2021, 05:05 PM

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QUOTE(Porie @ Jun 23 2021, 02:52 PM)
Few days till salary day now back to 33k again, aiyaa
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your wish has been granted heh
Patent
post Jun 23 2021, 05:20 PM

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Dont think its done..
could be making Lower High then proceed to dump to 25k devil.gif
keshto
post Jun 23 2021, 06:16 PM

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Selling house in Subang Jaya which was 450K just before Covid - 19. Now selling at 350K near main place mall.

To indulge into crypto.

Moogle Stiltzkin
post Jun 23 2021, 07:06 PM

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This post has been edited by Moogle Stiltzkin: Jun 26 2021, 12:27 AM
teikboon
post Jun 23 2021, 07:22 PM

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QUOTE(keshto @ Jun 23 2021, 06:16 PM)
Selling house in Subang Jaya which was 450K just before Covid - 19. Now selling at 350K near main place mall.

To indulge into crypto.
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Wow what house is that?
Zenph
post Jun 23 2021, 07:27 PM

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QUOTE(SmallPenguin @ Jun 23 2021, 09:35 AM)
the thing about this is

buying at 60k and hodling still makes you a speculator because for an investor you should know how to determine the fair value of acquisition and hence stopping you to buy at 60k

but at the end of day we here to make money anyway unless 100x no stop loss boom boom boom
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If u buy in 60k, no reason why u don’t want to buy in 30k.

If you’re shaking now means you don’t truly believe in it and suggest to stop crypto for your mental health.

Not everyone can withstand the volatility
SmallPenguin
post Jun 23 2021, 08:26 PM

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QUOTE(Zenph @ Jun 23 2021, 07:27 PM)
If u buy in 60k, no reason why u don’t want to buy in 30k.

If you’re shaking now means you don’t truly believe in it and suggest to stop crypto for your mental health.

Not everyone can withstand the volatility
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how would i be shaking if i already knew whats gonna happen confused.gif

i already warned before BTC touching first 58k and how its gonna play out with certain key areas back in early march and so far its pretty respectable

what i was trying to say an investor should know when to buy an asset in this case bitcoin

because you wont be touching it at 60k as it is clearly overvalued, not at the fair value of acquisition

so by buying at that price makes you a speculator as you hope the price gonna keep going up and make profit

buying at 60k and hodling doesnt seem to be an investor, at least to me
Zenph
post Jun 23 2021, 08:46 PM

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QUOTE(SmallPenguin @ Jun 23 2021, 08:26 PM)
how would i be shaking if i already knew whats gonna happen  :confused:

i already warned before BTC touching first 58k and how its gonna play out with certain key areas back in early march and so far its pretty respectable

what i was trying to say an investor should know when to buy an asset in this case bitcoin

because you wont be touching it at 60k as it is clearly overvalued, not at the fair value of acquisition

so by buying at that price makes you a speculator as you hope the price gonna keep going up and make profit

buying at 60k and hodling doesnt seem to be an investor, at least to me
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Matter of perspective, based on your logic buying 20k at 2017 seems like what “not an investor would do”

But buying 20k at 2020 seems like a logical thing “investor would do.”

What I’m trying to said everyone should understand bitcoin and even if they did buy at 60k, be prepared to hodl and not get chicken out when it crashed. 60k now may well be 2020 20k in few years later. So buying at 60k is still an investor move provided they can managed to stay calm and DCA further. Nothing wrong

This post has been edited by Zenph: Jun 23 2021, 08:47 PM
Moogle Stiltzkin
post Jun 23 2021, 08:58 PM

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This post has been edited by Moogle Stiltzkin: Jun 26 2021, 12:27 AM
zacknistelrooy
post Jun 23 2021, 09:12 PM

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QUOTE(oOoproz @ Jun 23 2021, 10:05 AM)
It's will sideway around 30-40k unless we have significant breakout or breakdown, same thing  yawn.gif
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"They" pulled the same stunt with ARK recently also. Had a false breakdown around 100 and so far at least hasn't look back.
SmallPenguin
post Jun 23 2021, 09:52 PM

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QUOTE(Zenph @ Jun 23 2021, 08:46 PM)
Matter of perspective, based on your logic buying 20k at 2017 seems like what “not an investor would do”

But buying 20k at 2020 seems like a logical thing “investor would do.”

What I’m trying to said everyone should understand bitcoin and even if they did buy at 60k, be prepared to hodl and not get chicken out when it crashed. 60k now may well be 2020 20k in few years later. So buying at 60k is still an investor move provided they can managed to stay calm and DCA further. Nothing wrong
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yea perspective wise is different

i guess most people would see buy and hold as investing. And DCA many many times

since i often use the lens of institutions to view the movement so my comment will slide to another side

to me, to be investing it has to be more towards the fair value like what an asset manager doing

why buy at high when you know its gonna be pushed down to a certain range, just need to take some time to unfold

then buy in when retails sell

90% of retails lose 90% of capital in 90 days laugh.gif





Patent
post Jun 23 2021, 10:31 PM

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buy every dip is a good tactic.. saylor is doing that icon_idea.gif
even if you bought at the top and start dca as its going down, your average purchage price also go down..
in the end depends on your risk appetite I guess
keshto
post Jun 23 2021, 10:48 PM

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QUOTE(teikboon @ Jun 23 2021, 07:22 PM)
Wow what house is that?
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3 bedroom house. Fairville Apartment.
With tenancy.

This post has been edited by keshto: Jun 23 2021, 10:49 PM

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