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3624 sats \ 23 comments \ @Zepasta 16 Nov 2023 bitcoin

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411 sats \ 2 replies \ @BitcoinIsTheFuture 16 Nov 2023

Timing is extremely hard, DCA mitigates risk and should be followed by most for max returns or max sat stacking

10 sats \ 1 reply \ @Zepasta OP 16 Nov 2023

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0 sats \ 0 replies \ @BitcoinIsTheFuture 16 Nov 2023

Thanks!

248 sats \ 5 replies \ @DarthCoin 16 Nov 2023 freebie

When I said "DCA is for pussies" I was referring to all those "DCA armies" that are afraid to buy now all in, even that they have a lot of money in a bank account, those that are still thinking in fiat "profits" etc.

The poor people that are hard working and just earn some pennies but still want to buy some sats and hit "buy bitcoin" in a more or less DCA mode, are not included. We understand them and we should respect their effort to stack sats, sat by sat.

I will keep saying: who is still having fiat money in a bank account is a crazy person and will get what they fucking deserve.

If you really want it, YOU can live from your BTC stash without keeping any fiat in a bank. But many do not want that because they are afraid. Fine for me... that means: MORE SATS FOR ME SUCKERS! For more you keep fiat money in a bank, LESS sats you will have... Sincerely... HFSP

41 sats \ 0 replies \ @birdeye21 16 Nov 2023

i very much enjoy when SN comments induce me to smash buy BTC...

0 sats \ 3 replies \ @ek 16 Nov 2023

what do you think about emergency funds?

40 sats \ 0 replies \ @DarthCoin 17 Nov 2023

I am a very calculated person with my finances. I worked some goid years as an accountant for a big company. And I learned how to think like a bank.

First of all I am out of any debt. Some years ago when I was stacking like crazy BTC, I even took a loan in 2015 to buy more BTC, when the price was really low. I worked my ass very hard and in 2017 I paid back all the debts.

Being out of any debt gives you liberty to manage your finances more easily. Many people do not realize that being a fiat debt slave in a perpetual way is what they keep them chained to the fiat world.

Now I live simple, calculating all my expenses in sats and prepare them accordingly. No more fiat used from 2018.

0 sats \ 1 reply \ @Pepperoni 16 Nov 2023

You're playing with fire once you start touching leverage, loans, or emergency funds. If you can make the payments or think you're in a good enough position to avoid an emergency over the next year and a half then yeah probability is on your side to ride the bull. But a lot of people have done what you're thinking and have been burned before. Think out the risk/reward of your personal situation before proceeding. God speed lol

0 sats \ 0 replies \ @ek 16 Nov 2023 freebie

i actually meant if @DarthCoin means you shouldn't have emergency funds in fiat:

who is still having fiat money in a bank account is a crazy person and will get what they fucking deserve.

42 sats \ 1 reply \ @OT 16 Nov 2023

For newbies I recommend an initial smash buy, then DCA with a percentage of their monthly income.

When I started DCAing it was a game changer. I stopped thinking about the price & had more time to learn more about bitcoin.

It's a good thing.

0 sats \ 0 replies \ @Zepasta OP 16 Nov 2023

https://m.stacker.news/5081

548 sats \ 1 reply \ @DeltaClimbs 16 Nov 2023

Any idiot who believes in DCA can simply run the numbers. https://twitter.com/w_s_bitcoin/status/1625597728385380352

If you want to be emotional rather than logical, maybe try stocks and real estate instead of bitcoin. Bitcoin might not be for you now. The volatility will be gone in a couple decades.

30 sats \ 0 replies \ @Zepasta OP 16 Nov 2023

https://m.stacker.news/5080

21 sats \ 0 replies \ @Bullen 16 Nov 2023

You know what? I've been pondering the idea to lump sum monthly instead of a daily DCA. Mostly because I can save a little little bit on fees(current plan is 1%), plus can start buying p2p or something instead.

This month's pay it is!

21 sats \ 0 replies \ @0xbitcoiner 16 Nov 2023

@Onions staying humble and stacking sats

0 sats \ 0 replies \ @BitcoinIsTheFuture 22 Nov 2023

Oh here is a good one https://youtu.be/TdUvW1YV-Oo?si=PG-pA61u6R7yhDDf

0 sats \ 1 reply \ @fiatdenier 17 Nov 2023

Op is still a moron

0 sats \ 0 replies \ @Zepasta OP 17 Nov 2023

Throw us some arguments why any of my points are wrong, i will wait.

0 sats \ 0 replies \ @TheBTCManual 16 Nov 2023

Many of us DCA'ing in some way shape or form because most earn a monthly salary and choose to deploy it in certain time intervals, the frequency is really up to the individual. Do you want to keep it simple and pick one price for the month as your entry and pay once off fees for simplicity sake or complicate your life balancing fees paid for more purchases with the possibility of having multiple price exposure to acquire more sats

I don't think theres a right or wrong answer for this, really just about what trade off you prefer

0 sats \ 1 reply \ @ek 16 Nov 2023 freebie

@ekzis mentions:

" DCA is a risk management strategy. It's not about max returns. It's about human psychology and spreading out your committment over time instead of taking a leap of faith and potentially getting burned and scared and selling at a huge loss because you've [seen] your life savings getting evaporated and want to cut your losses. "

I completely disagree with this statement. You only get burned by holding Fiat, as it's value decreases by day, and can be confiscated at any point. Fiat is the risk, not Bitcoin. To DCA, you must hold fiat for certain time, and this poses a higher risk due inflation. DCA-ing Bitcoin is the oposite of risk managament. You should also never sell your bitcoin back to fiat.

I still feel we're talking past each other, but that's okay :)

I think I agree with most of your points after this clarification now.

Thank you for taking the time to read. I apologize if it came across as a rant or if I sounded like a toxic maxi (iam), i still love you all.

This!

edit: just realized that you misspelled my name (didn't even notice myself until now, lol). maybe i should use @ek so it's easier for people since this happens a lot, haha

21 sats \ 1 reply \ @carlosfandango 16 Nov 2023

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45 sats \ 0 replies \ @Zepasta OP 16 Nov 2023

I acknowledge that my communication may not have been ideal and that I may have missed some important points. Hopefully, this post can fill in the gaps that I left. If anyone still disagrees with any of my points, I am open to hearing your perspective.