I know DCA is the way … 🙏
BUT: i think most people have also a little pile of fiat at the sidelines to buy dips when they occur. So do i … 💰
My question is: ❓
How do you set your limit orders? 📋
- All at once?
- Split up in equal parts?
- Higher amounts the lower the price gos?
Would really love to learn from you 🙏💜
The third option is the best if you can automate your DCA
I heard that a lot, but what if price doesn’t get that low? Than a lot of the fiat will not be invested
In my opinion, market timing is a headache. I prefer to hold on to some fiat even if prices go up and then redefine the purchase tranches in my DCA strategy. I rely heavily on many charts for this: #[3] #[4]
I am afraid to leave money on exchange so no limit order for me.
Oh yeah can relate to that 😅
Where do you buy ser?
Followed btw 🤙
Id say depends, i have a few super private addresses that i slowly fill via atms, some on sat cards, some on lightning custodial and non custodial, some on my trading wallets that i use for exchanges to long and short on, etc etc. i think deciding the purpose really influences the reason, my nostr wallets are more fill as i go, paying for relay, nowt build etc kind of can be an expense.
My purpose atm is just to fill my hodl bags and finally reach that 1 full btc one day 😅
I would say generate a private brc address for that, amd slowly put into it, it wont matter at what the price. Buying one fill one at 15 was way better than DCAing a bunch of times between 19-23k. Just segregate your holdings, dont put all your eggs in one basket and definitely dont touch the hodl bag! Try having more wallets once and name em for different purposes. Once you master that youll try to dev your own strategy, for me DCA didnt make any sense having one hundred of purchases at a bunch of different price points with volatility in a bear, so i just started saving fiat and when it when it went low i just made a bigger purchase, during bull run i set a few long positions thatll fill faster and then transfer into various wallets.
Private btc address, omnilayer wallet is great for trading as you can transfer into a stable, and get back in at lower prices, DCA and trading go hand in hand. Just trying to open your mind to various strategies I developed over the years. I dont buy into a one track mind set, why just do one thing when theres all this money out here.
Yeah i guess everyone hast to find its way …
One question about wallets:
If i create multiple accounts on my hardware wallet like ledger or trezor, are they connected? I mean does it make sense to make a seperate account on the same device for non kyc coins or will it be linked to my kyc coin account?
Thats exactly why i said different wallets for different reasons, if its a kyc or linked to accounts that arent dexs yo the whole “privacy” and so on just gets ruined because if you are constantly sending and receiving from the same wallets eventually the web gets woven and if you do taxes and so on THEY KNOW! So thats why i said hodl wallets, use a address generator, and get btc from cash and the atms, the QR those private hodl wallets, if you want to take it out later on or “move” it generate another private address but never keep using the same ones. Its like shitting where you eat.
You will see mistakes by filing taxes and so on, work smarter not harder and you are on your way.
Thanks mate, much appreciate your insights 🙏💜
Bitcoin allows a certain amount of anonymity to be a self sovereign individual you just have to know how to utilize it all, it all comes slowly, and never in one day. Just keep swimming in the river of decentralization and your mind will start to open to new possibilities. Food for thought: Why buy a VPN if your going to use a credit/debit card or register to the service with an email? Paper trails and digital footprints just something to think about thatll open your mind up. Privacy isnt bad its just about how you get there *wink. Have a goodnight sir! 🫡
What does it matter that you bought at 22k or 23k when we’re going to millions?
Nobody has a crystal ball so just DCA and buy on red days for peace of mind
Difference between 22k and 23k doesn’t matter at all.
But difference between 30k and 15k or 20k and 10k is significant! It means you could stack twice as much.
And what difference will that make if btc goes to millions?
And you know, always stack more sats if you can …
⌚️
Good point! Although i don’t see btc going down to 5k but I understand you.
I bought the 69k top and I’m proud of it! Will stack some more when Bitcoin hits 100k 🤝🏼
Noerms still has stack size anxiety.
1 cycle of holding will fix this 🤙🏽😆
I hope so 😅
First cycle? When did you got orange pilled?
I Orange polled myself 2021😅
Started with investing in pokemon cards because it was hyped and remembered me of my childhood and then soon came to the conclusion that i could do better investments with my money 😅
Before or after the China mining ban? Cause if before, you already survived a big down wave
When was it?
June if I remember it good
Bought first sats middle of june 2021 😅
Aight you bought the dip 🤣
No worries mate! Keep studying more about Bitcoin and macroeconomics and you’ll feel nothing when price drops.
😅 50 bucks invested at the dip
But kept going since then. Had some nice gains in the beginning. Have some big red numbers now 😅
Honestly i rejoice every time the price drops 😅
Don’t worry brother! Keep it going and keep focusing on the long term.
Have you read the Bitcoin standard yet?
No not yet sir
A must read!! Go order it right now!!!! I’ll zap you some sats you can use
Wow thanks 🙏 🧡i planned to read this book since a while ago but never really made the move to order it 😅
i only need to decide if i go for the audiobook or the written one 😅
Written one so you can give it to friends and family afterwards as required reading
Uuhhh good idea 🙏🧡
Will order it right away, thanks mate 🙏
I am very curious… heard a lot but can’t believe that it is THAT good 😅
Be prepared because your view on life will change forever and you cannot unwind it
Love such books 😍
Saifedean blocked me on Twitter 😆
Never read his book.
This article helped me adopt a Sats Standard😊
https://vijayboyapati.medium.com/the-bullish-case-for-bitcoin-6ecc8bdecc1
😅💪
A little pile is good idea, as well as monthly/ weekly DCA. If my stack goes grow at least once a month, am I still a pleb? Yeah, I dont need such questions in my life. Stack is what I do.
🙏💜 🫡
I dca by weekly 😅
As I dump all remaining fiat into Bitcoin at the end of every month there is not really sideline fiat. I hold a small cash reserve for urgent cases to not have to sell any Bitcoin but besides that, I do not see any point in holding this crap.
Limit orders imply that you have fiat on shitcoin casinos which is nothing I would recommend.
Set an automated DCA at an Bitcoin only Broker who sends it directly into your cold storage and call it a day.
