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The Current Crypto Market: 28 Oct 2022 - Crypto Winter is Over, Zombie Coins, Elon Marries Kanye, and Reddit Avatars
Most of my Portfolio is in Crypto. Want to Start BCA (Bitcoin Cost Averaging) into USD. Advice Needed on Strategy and Wallets.
Saudi Shiba Inu – Once again CoinMarketcap top 3 and Dextools trending | NFT collection live on opensea, links below | Staking pools expected later in September
Saudi Shiba Inu – NFT opensea collection live | CoinMarketcap top3 trending on the main page at the moment | CMC top gainer today | Good price rally
Saudi Shiba Inu – Main page CMC top3 trending at the moment | NFT whitelist phase starts this week as well as going live on Opensea | Great price rally in the last 24 hours, 2x at the moment
Saudi Shiba Inu – CMC main page trending top3 currently | Showed a preview of a big NFT collection for opensea – will be released in the next few days | ETH contract is 2x since yesterday | BSC contract 3x since yesterday | Coingecko listing expected soon | Diversified marketing from day 1 | Amazing
Saudi Shiba Inu – ETH contract is 5x since day one | BSC contract 6x for two days | Coinmarketcap top gainer currently | Dextools golden button ads is live for ETH! | Coingecko listing expected soon | Diversified marketing from day 1 | Amazing community and mods
Saudi Shiba Inu – Coinmarketcap top3 trending at the moment | Dextools golden button ads is live for ETH! | ETH contract is more than 2x | BSC contract 6x since yesterday | Coingecko listing expected soon | Diversified marketing from day 1 | Amazing community and mods
Saudi Shiba Inu – Dextools golden button ads is live! | Just launched yesterday on ETH, already 2x | BSC contract did 5x | Coingecko listing expected soon | Diversified marketing from day 1 | Amazing community and mods
Saudi Shiba Inu – 4PM UTC -Presale and launch today, Monday 1st August on ETH | Tomorrow 2nd August starts the legendary Dextools golden button ads | BSC contract did 5x | Coingecko listing expected soon | Diversified marketing from day 1 | Amazing community and mods
Saudi Shiba Inu – Preparing for a huge presale and launch day tomorrow, Monday 1st August on ETH | Huge burn event today, Sunday 31st July - at least 10% of the supply for BSC | Coingecko listing expected for BSC | Diversified marketing from day 1 | Amazing community and mods
Saudi Shiba Inu – Huge burn event tomorrow, Sunday 31st July! At least 10% of the supply of the token | Monday, 1st August presale and launch on ERC-20 network | Coingecko listing expected really soon | Diversified marketing started from day 1 | Amazing community and mods
Saudi Shiba Inu – Monday, 1st August presale and launch on ERC-20 network | Big burn even this Sunday – at least 10% of the supply for BEP-20 | Coingecko listing soon | Amazing marketing started from day 1 | Very active community and mods
Saudi Shiba Inu – Big burn even this Sunday – at least 10% of the supply| Monday presale and launch on ERC-20 | Coingecko listing soon | Amazing marketing started from day 1 | Very active community
Saudi Shiba Inu – Currently top3 trending on CMC and on the search bar! | Coingecko listing soon | 3x since day one | Amazing marketing started from day 1 | Very active community
Saudi Shiba Inu – Coingecko listing soon | 3x since day one | Legendary Dextools golden button ads running | Marketing started from day 1 | Coinmarketcap prelisting already done, launch was fully tracked
Saudi Shiba Inu – Tomorrow big attention is expected for the project | Legendary Dextools golden button ads running | Coingecko listing soon | Marketing started from day 1 | Coinmarketcap prelisting already done, launch was fully tracked
Saudi Shiba Inu – Dextools golden button ads started today, July 22nd | Launched yesterday, 21st July | CMC top gainer | Marketing started from day 1 | Coinmarketcap prelisting already done, launch was fully tracked
Low risk way to increase your holdings without injecting FIAT
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BITCOIN is not currently an inflation hedge, but that may soon change
Mentions
#CASH -> BTC BTC -> ETH ETH -> Blue Chip Altcoins BCA -> shit coins Shit coins -> CASH
Yes, I will not sell all my BTC all at once. Just as I DCAd in, I will BCA out. That is Bitcoin cost average or selling a fixed number of sats every quarter or some such frequency.
Nobody ever disputed Earth being round. People living centuries BCA knew the Earth was round. This is just a common misconception.
At this we need to talk about BCA. Bukele Cost Average.
I started DCA buying at the start of 2024. Recently I started BCA buying.
I agree but I'd like to mention that it's slightly better to DCA in BCA out. Buy a fixed amount in dollars, sell a fixed amount in Bitcoin. This allows your average buy price to be lower than the median price during the period of time you're buying. And this also allows your average sell price to be higher than the median price during your selling period. So for example, when the price is low you get more per buy and less when it's expensive which lowers ur cost average to below the median price. The same exact thing applies for selling but in reverse.... Think of it like buying dollars, not selling Bitcoin. So therefore you would want to use a fixed amount of Bitcoin to buy dollars with each month. It allows you to buy more dollars when the price of the dollar is low (relative to Bitcoin). Haha that got a little long winded, sry. 🧡
Depends are you talking about 1 time biig buy or DCA or lose of small buys? 1. River - doesn't get better with statics and features on your BTC performance. Customer support #1. There is a fee when you buy but if you DCA it's only for the first purchase. They even have a high yield savings account that gives you BTC yield if you want to park your emergency fund. They also have proof of reserves so you can verify that your BTC is backed 1:1 and your not being scammed and the HYSA is FDIC ensured. 2. Fold app - you can buy BTC spot at any point or DCA and have a debit card that gives you cash back in BTC. They also have gift cards to various companies that have high % back in BTC. 3. Kraken pro - you can buy BTC or other crypto gives you the most statics on how BCA is moving on the exchange. I moved away from them but they are still good if you want a more than BTC play. Referrals if you want extra sign up coinage 1. https://river.com/signup?r=7ZIUN6YH 2. https://use.foldapp.com/r/PLC4WJHT P.S - ultimately everywhere you go will have some fees even if they don't say it it'll be in the spread so yes you want to minimize fees but once you find something your comfortable with just stack sats.
I'd say one DCA's into bitcoin, and one BCA's (Bitcoin-cost-average ) out of bitcoin.
Does that mean BCA-ing a thing. Bitcoin cost averaging
You’re right. This isn’t DCA, this is… BCA?
I'm retired. It'd be up to 10% of my stack. I tried to do it by price last cycle, but FTX fucked that up. Now I'm thinking I'll BCA out to USDT-Liquid, about 400-500 days after halving, so like May to August 2025.
I use a montly allowance set in bitcoin. I may BCA out 3-4 years worth of money in 2025, but if we have a 'supercycle' it'll be the wrong move.
DCA in, BCA out. While buying, you want to smooth the dollar cost. When selling, it's the bitcoin costs you want to keep low.
DCA = *Dollar* cost averaging. It's not averaging the dollar cost if you buy a fixed amount of Bitcoin. That would be a BCA strategy, which doesn't give you the cost basis "blunting" effect that DCA does. It's not a good strategy. $60/week is the better idea, no question.
DCA = dollar cost averaging. If your dollars buy more BTC whenever the price is low, you take them automatically because you've set the amount of dollars, not the BTC amount. I haven't read €CA for Euro cost averaging in here yet. If you cash out your retirement money one kilosatoshi at a time, that would probably be BCA
>Do you sell enough in the one year bullmarket to cover for the upcoming "bad" years? This is really not as easy as it looks. Thanks to all the bad actors and economic hardships last cycle, we fell far of what seemed like a sensible target. But it is in my mind to try to DCA (or BCA) out 3 years of money around the top of the cycle. It's a gamble as it's very hard calling tops, but if its a small percentage of your stack, it seems like a fair hedge. But one should be ready to go to back to work if they don't have enough btc to retire in a bear market without going over their montly sat allowance.
I would say BCA - Brexit cost average.
Isn’t that BCA instead of DCA??
If that’s your opinion, then why not “BCA” (Bitcoin cost averaging) out of your position? Sell 100K sats (or whatever) either at specific time intervals or specific price levels. If BTC goes up significantly you will have sacrificed some gains (but not all) and you can always start building your position again if your opinion changes.
BCA (bitcoin cost averaging) retirement.
Try buying $200 usd of bitcoin instead of 0.1 BTC, you are doing BCA not DCA...
I prefer BCA (Bitcoin Cost Average). At some point I'll need to sell my kidney or start selling drugs to keep up 👌
DCA while you can. Soon there will only be BCA.
Well, the thing is people who have tens or even hundreds of BTC definitely have multiple wallet addresses. Even I have maybe more than 100 wallets as I BCA every month and generate a new address for every transfer to my HW wallet.
IPv6 devices currently self-assign addresses without proof of genuine ownership. This allows hackers to spoof addresses, impersonating legitimate devices. The proposed Bitcoin-Certified Addresses technique solves this by using Bitcoin miners to validate bindings between device identity keys and IPv6 addresses. Devices register public keys, which miners commit to the blockchain after doing computational proof-of-work. Receivers can then cryptographically verify announced IPv6 identities against address/key pairs notarized on the tamper-evident blockchain ledger. In short, BCA leverages Bitcoin to bring verifiable ownership logic to IPv6 addressing - closing a critical security gap that has long relied purely on unvalidated device claims.
Yes, I BCA (Bitcoin Cost Average) and it works well.
It is clear the DCA means dollar. I’m. It disputing that. What I’m suggesting is that the term is from legacy finance, and that as part of the new era of Bitcoin, we can consider using new language. BCA: Bitcoin Cost Averaging: “I acquire Bitcoin regularly, regardless of its price in fiat”. It’s just semantics, but centering Bitcoin in the phrase has the power of declaring oneself as Bitcoin first.
Yeah, I get what he's saying and I want to be in on the lingo too... ...however, it's dollar cost AVERAGING, because it's the dollar that's constantly changing value not your bitcoin. If 1BTC = 1BTC it's your dollars that your paying to get the bitcoin that's averaging, not the bitcoin. The bitcoin is merely being stacked.... BCA makes it sound like you are buying and selling bitcoin to make more dollars. I love my bitcoin god, but I'm not sure if Saylor is right on this one...
Ya, we're probably going to be ok, but it's hard not to shoulda woulda coulda the whole thing and feel like hammered dog shit over the whole thing. In 2020, my wife who knows nothing about btc said, well if it's so great, why didn't you buy it when it was cheaper, why did you wait until it was expensive to buy it? I had to explain, "We all buy BTC at the price we deserve." lol. ouch. that was painful to explain. It was helpful to hear Michael Saylor's full podcast interviews from mid 2020 where he laid out the story of not wanting it and then finally things aligned for him and changed his mind to go all in. I heard those after I had made the decision myself, so it was helpful to hear it from his perspective and think, ok, if it took this smart guy this long to be convinced, I don't feel so bad, and it was helpful to hear him tell the story so my wife understood where I was coming from. Unfortunately, I don't have even a small tiny fraction of his buying power, but at least we're in the game now and have been BCA since 2020 and sadly only lost 0.25 in the Celsius debacle. Lessons have been learned.
I heard the same interview today, and this stood out to me as well. BCA it is.
I think the "dollar" in DCA refers to the currency you are using to buy an asset. At the most, you could say "I want to buy .01 BTC per month" and then if it costs $360, or $800, you pony up regardless.. I still don't think that would be "BCA," but would be closer.
Maybe. Could be a fiat mindset that says this new term needs to be defined by the old way. BCA is “I’m buying Bitcoin at regular intervals regardless of price”. BCA, like Bitcoin, can be its own, new thing, defined as above.
At this point in time it should be called **BCA** (Bitcoin Cost Average) 😉
BCA and chill the beer. Bitcoin Cost Averaging is what we should do instead of promoting those filthy dollars.
Just Keep BCA (Bitcoin Cost Averaging)
You are actually doing a BCA 😀
We should come up with another abbreviation for DCA and replace the first letter. BCA is what we should use instead.
BCA should be the new Motto on here. Makes so much sense.
(1) Inverse Jim Cramer (2) Inverse r/CryptoCurrency (3) Simply do nothing but ~~DCA~~ BCA (**B**itcoin **C**ost **A**verage)
If Bitcoin gets global adoption, will DCA be renamed into BCA?
I noticed a few regular post-ers disappeared. What happened / why? Personally, I thought BCA's bad crypto advice added some welcome humour in dark times
I shall take that under advisement BCA. Ha ha.
People seem to like my financial advice here, as evidenced by the totals. Thank you all for your undying support. As a result I will continue to teach and spread the good news of the BCA way.
>”Mithril says it deposited 200,000 BNB tokens, worth around $53 million, to Binance to list its MITH token in 2018.” How much would it cost to list my soon to be developed BCA token and sexy feet NFTs?
I’m the CEO of “BCA Investments.” You can trust me!
Crayon is preferred. Spread the news. BCA, every day.
tldr; Industrialist Harsh Goenka took to Twitter to share a photo of a tea seller in Bengaluru who accepts cryptocurrency payments. Shubham Saini, a crypto trader, runs the tea stall after dropping out of his BCA course and losing his profits in the 2021 crypto market crash. "You must have seen the tea seller's on the nook. Those who only have a table with a few utensils. In earlier times, you had to pay some cash to buy *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
DCA is a waste of time. Follow my advice. BCA instead. Guaranteed to change your life!
I am willing BCA! I put all of my money into Lunc and FTT because I know it'll all be good in the end.
Exactly. BCA on Robinhood.
BCA They are buying a consistent Bitcoin amount, not Dollar amount
DCA is putting $x **d**ollars into something every y days. This is BCA
It's more BCA. DCA would make more sense because you buy more when it's cheaper
They're BCA nit DCA, bit silly really
I have been approved by the BCA Commission to administer Hopium as needed.
Following all of your recommendations BCA like any sensible person would!
#TEAM BCA is gonna win! We hold meetings once a week and have low membership fees.
Don’t DCA. Instead, BCA.
Forget DCA. BCA instead.
#Tip of the Day Food-based crypto is not yet safe for consumption and has not been evaluated by the BCA. Your money is safer in dog/animal based coins. They have a proven track record of safety, security, and success. Invest with confidence: BCA, don’t DCA.
• Fast without reading If it takes you more than 10 seconds to get your point across, it’s too complicated. • I just DCA Don’t DCA, BCA. • Noone knows shit about fuck Except me, of course. • Noone knows what is going to happen I’ve made many accurate predictions and there will be more to come. • All we should do is inverse Jim Cramer/this sub I wouldn’t advise inversing my hero, or me for that matter.
People don’t listen to me for some reason, but YOLO is the only solution to FOMO. Memecoins are here to stay and offer much more price action than BTC and ETH. Do you want money or do you want to “feel safe?” You can have your superiority complex, I’m going to have fun and be rich. As always, “Don’t DCA, BCA instead.”
I always enjoy seeing you chime in with your great words of wisdom BCA. Good to see ya bud!
This is not what is happening. Each of the avatars is being sent by a different account to a main account and then sold. I sent 1 MOON to several of the "feeder" accounts like 0x25B71B41Ed825ee59139BCA0771Ab294C86FB198. Then in the app it will tell you the user name of the account, this on is bestprefer37. Each of these accounts has activity and karma, then stops. It appears to be a coordinated account farming method used to create NFTs that are then sold for $8-$15. **It does not appear that there is smart contract hacking going on here**
I'm about to BCA my whole portfolio into this 😀
No. Crypto. Don’t DCA, BCA instead.
My standard advice applies here: YouTube and TikTok are where you should do your research. Twitter is an acceptable alternative, especially if you follow Elon. Use your emotions for a clearer and stronger investing strategy and as always, BCA.
DCA is a waste. “BCA (my proprietary method) is the way.”
Why DCA when you can BCA!
I'm still not clear on the 2nd fork and how to split that out, is it BCA? Honestly after the fork I found few projects/uses for BCH for me so I ignored it and it just kept going red so now what to do? Hodl I guess.
I don't know what has gotten into me. I ask for your forgiveness. All praise BCA.
My advice is always to double down. And my advice has never led anyone astray. Don’t DCA, BCA!
Can't prematurely meet your expectations if you start investing without a plan. This is why it's better to act emotionally. BCA
#Tip of the Day Don’t DCA. ***BCA instead!*** Follow my tips, and “BCA” (my initials) won’t let you down. I can create custom investing strategies for you and your friends, guaranteed to make you record profits!
Yes! Thanks BCA! I can always rely on you to put me right.
BCA: blood cost averaging
Well, you are. DCA is a strategy where you are dividing up the total amount over a period. So when referring to this strategy people say I DCA not BCA. Even though technically they mean the same thing. For example, say you buy btc every week starting last month. Week 1 June 6: If buying $2000 worth: btc@31350.3 $2000 = 0.06379524 If you buy 0.1btc: 0.1*31350.3 = $3135.03 Week 2 June 13: If buying $2000 worth: btc@22494.3 $2000= 0.08891141 If you buy 0.1btc: 0.1*22494.3=$2249.43 In both cases you will have the same ACB.
Imo to be that DCA you should be average the cost of your USD not the cost of your BTC it should be called BCA imo
But he would be doing BCA I guess which is fair but he is using USD to buy BTC which I don't know if it does make any sense