A Saving Plan - page 8. | Bitcointalksearch.org

LoyceV

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Thick-Skinned Gang Leader and Golden Feather 2021

Quote from: luca1073 on October 30, 2018, 08:24:20 AM

My actual plan is to buy daily fractions of btc

How are you storing your Bitcoin?

If you add small amounts to your wallet each day, you should read Fees are low, use this opportunity to Consolidate your small inputs!. Not so long ago, when fees were high, I've seen people who literally had worthless Bitcoin dust, despite it being worth hundreds or thousands of dollars.
If you're keeping your coins at an exchange, you should get yourself a more secure storage method.

Quote from: luca1073 on October 30, 2018, 11:25:57 AM

As for the altcoins that is the reason why i haven't exchanged them into btc yet : i don't want to regret later...

It's virtually impossible to time the market. I regret not selling most of my alts, only a few went up long-term. I still hold on to them, and sell a small amount once it goes up to a price I like.

Cacingkemi

hero member

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A good plan to save your BTC for a predetermined period of time,I hope other investors also plan the same thing so that there is no problem losing the money they always talk about.I think your investment in ALT will increase your profit so I think later not only 1BTC but more than that.

Adriano2010

hero member

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Nice job OP. I think if you are 100% the coins you hold will grow then hold that coins and sell after some time. I think you can still buy bitcoin under 10,000$ but make sure you not buy large sum of bitcoin when is high 8000-10,000$ range. I wish you good luck with your plan.

Insanerman

sr. member

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Wow, this is a great read and I am very sure that you are a very knowleageable about bitcoin. Continue doing the good work and I am surprised that you have a well out plan in cryptospace.

I have read a thread created by LoyceV, where it says that the bitcoin is somehow being manipulated by a group of whales that is why it stays in the price range of $6k-7k. For some investors this price range is still the best time for buying. You are well informed mate

keep reading and updating yourself in crypto space.

Whosdaddy

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Quote from: frchowe214 on November 01, 2018, 02:52:11 AM

At the moment you are holding more than half your crypto in bitcoin and the price is not moving. You could drop it down to 30% and do more alt trading to increase your profits, but it is more risky of course.

Probably, he sounds like someone who is actually ready to live with that and he is simply looking at the long term and not the short term which a lot of people in this space who are new tend to look at the most.

At this stage, as long as he is not sure of where he wants to take advantage of, he should not attempt it at all. Like you said, what you have asked him to do is a lot risky, but you still ask him to do it anyway. Anyone who is looking to trade or take advantage of altcoins growth should also understand the risk involved, but I understand basically well that it is actually a very good move if you can handle yourself.

UNOE

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This is personal

Quote from: luca1073 on October 30, 2018, 08:24:20 AM

I have a small plan and i would like to ask your opinion about it. I have already accumulated approx. 1 BTC by buying small amounts here and there (also through faucets) but constantly. I have approx 0.70 btc in other crypto(bought cheaply in the past) but i plan to exchange in btc later if needed and if worth it. My actual plan is to buy daily fractions of btc ad long as price stays below 10.000$ / Btc and stop if and when surely it will go above that level. Basically i' m taking advantage of BTC "cheap" prices to speculate on the future value (probably a few Years) for future spending, selling, or simply storing it. What do you think about it? I want to set a limit somewhere and i think if price stays above 10.000$ it will mean that banks and institutions will have entered the market already and i will simply enjoy the profits. Does it seem like a good plan? i really believe that Bitcoin will become very very valuable in the foreseeable future.

I really like your plan, and I recommend to you to stick with it. Set your goals in mean when and at which price do you want to sell Bitcoin and you are ready to go. For example sell a little portion around 20k USD, then near 30k USD and so on, that depends mostly on your aspiration.

luca1073

jr. member

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Yes definitely excited about the plan, maybe having traded forex helped me not to get nervous or care about price swings lol. Bitcoin is clearly creating higher highs and higher lows if we see the weekly or monthly chart . bitcoin so far has demonstrated to be the best investment in the history of humanity if we only consider its price during the years and not counting the good that it will bring to the world in freedom, banking, blockchain applications to our everyday life and more

StarofBTC

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Quote from: luca1073 on October 30, 2018, 08:24:20 AM

I have a small plan and i would like to ask your opinion about it. I have already accumulated approx. 1 BTC by buying small amounts here and there (also through faucets) but constantly. I have approx 0.70 btc in other crypto(bought cheaply in the past) but i plan to exchange in btc later if needed and if worth it. My actual plan is to buy daily fractions of btc ad long as price stays below 10.000$ / Btc and stop if and when surely it will go above that level. Basically i' m taking advantage of BTC "cheap" prices to speculate on the future value (probably a few Years) for future spending, selling, or simply storing it. What do you think about it? I want to set a limit somewhere and i think if price stays above 10.000$ it will mean that banks and institutions will have entered the market already and i will simply enjoy the profits. Does it seem like a good plan? i really believe that Bitcoin will become very very valuable in the foreseeable future.

It is not a bad plan for you considering that it is more of a long term plan and you are seeing an opportunity in taking advantage of the dips which is always a good thing as far as I am concerned.

One thing a lot of people do not actually get to realize over time is that this space has been growing over the years, and basically it has not stopped growing at all and there is still more room to grow, so the best in most cases at times like this is to be taking advantage of the low prices and looking forward to the long term and this seems like a perfectly well placed plan.

carlisle1

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Campaign Management?"Hhampuz" is the Man

Buying bitcoin not exceeding the price of $10,000 or even when it goes higher is a good strategy,since the great coin had already reached $20,000 so its only normal to expect the next big thing in regards to your investments
And for me,you are good enough in making plans for the future of your hard earned money

luca1073

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Quote from: el kaka22 on November 01, 2018, 03:12:27 AM

Quote from: luca1073 on October 30, 2018, 11:25:57 AM

Yes as you pointed out it is (now i just checked) 1.73 Btc (0.95 in btc and the rest in other crypto). The number of btc is increasing daily due to my constant buying small amounts. As for the altcoins that is the reason why i haven't exchanged them into btc yet : i don't want to regret later... We LL see what i will decide about that but not now.
Thanks for the encouragment!

You have a perfectly thought out strategy and it seems you are well informed, so I would not have much to say actually. I like it when people think like this for the long term and this is what always separates those who tend to do well over time from those who are just busy complaining of low prices. Buying below $10k is a very good plan and halting above it is also not a bad one either, considering the market will have a chance for a huge growth by then.

Also, with the altcoin plan, that is actually one sweet way to actually increase your bitcoin stash as well over time, considering that they are always into the game of short term huge fluctuations, and I have used this plan as well to increase my bitcoin over the years, so having such amount in this time in altcoins when it is in the bottom, shows pretty well the potential number of bitcoin you could be having in the long run.

Wow , thanks a lot for your words, really encouraging. Also i noticed that now i have become a Jr. member Grin

el kaka22

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www.Crypto.Games: Multiple coins, multiple games

Quote from: luca1073 on October 30, 2018, 11:25:57 AM

Yes as you pointed out it is (now i just checked) 1.73 Btc (0.95 in btc and the rest in other crypto). The number of btc is increasing daily due to my constant buying small amounts. As for the altcoins that is the reason why i haven't exchanged them into btc yet : i don't want to regret later... We LL see what i will decide about that but not now.
Thanks for the encouragment!

You have a perfectly thought out strategy and it seems you are well informed, so I would not have much to say actually. I like it when people think like this for the long term and this is what always separates those who tend to do well over time from those who are just busy complaining of low prices. Buying below $10k is a very good plan and halting above it is also not a bad one either, considering the market will have a chance for a huge growth by then.

Also, with the altcoin plan, that is actually one sweet way to actually increase your bitcoin stash as well over time, considering that they are always into the game of short term huge fluctuations, and I have used this plan as well to increase my bitcoin over the years, so having such amount in this time in altcoins when it is in the bottom, shows pretty well the potential number of bitcoin you could be having in the long run.

frchowe214

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At the moment you are holding more than half your crypto in bitcoin and the price is not moving. You could drop it down to 30% and do more alt trading to increase your profits, but it is more risky of course.

luca1073

jr. member

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Guys i'm really happy of your encouragement. Yes, i will not stop also because i believe in bitcoin !!

luca1073

jr. member

Activity: 222

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Quote from: BitHodler on October 31, 2018, 09:16:55 AM

Quote from: luca1073 on October 30, 2018, 08:24:20 AM

My actual plan is to buy daily fractions of btc ad long as price stays below 10.000$ / Btc and stop if and when surely it will go above that level.

Continue to dollar cost average your entry points and you'll be fine, that's my advice to everyone here. Even if you bought last year's peak, if you buy at current levels you effectively lower your average buying price with at least 50%.

Instead of waiting for the price to reach $20,000 to break even, you'll break even around $10,000 or even lower.

In my case no i didnt buy at the 20 k level i only bought so far constantly since March 2018 every week or so and in the last three weeks/month i ve ben buying every single day without fault. Basically i only bought at the 6000-8000-9999 $ level since March. I bought half a btc in 2015 to exchange it but i should have bought way more lol but i didnt exchange it into Fiat. Back then i could have even invested way more than now but that's how things go. In 2015 bitcoin for me was just a rumour i didn't understand it yet
I think we are still the early investors in the space(even now in 2018).

Skyshark

full member

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Quote from: luca1073 on October 30, 2018, 08:24:20 AM

I have a small plan and i would like to ask your opinion about it. I have already accumulated approx. 1 BTC by buying small amounts here and there (also through faucets) but constantly. I have approx 0.70 btc in other crypto(bought cheaply in the past) but i plan to exchange in btc later if needed and if worth it. My actual plan is to buy daily fractions of btc ad long as price stays below 10.000$ / Btc and stop if and when surely it will go above that level. Basically i' m taking advantage of BTC "cheap" prices to speculate on the future value (probably a few Years) for future spending, selling, or simply storing it. What do you think about it? I want to set a limit somewhere and i think if price stays above 10.000$ it will mean that banks and institutions will have entered the market already and i will simply enjoy the profits. Does it seem like a good plan? i really believe that Bitcoin will become very very valuable in the foreseeable future.

It's sure nice to have plans, be it small or big. Don't stop now, Looking at coinmarketcap, bitcoin is still valued below $10,000. If you still have the means to buy even by fraction, go ahead. A fraction a day, will naturally become one whole way ahead. You were absolutely right in believing that bitcoin will become very costly in the future.
Anyway, your's is a superb plan.

upsidedown75

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The best type of saving is always saving for something. Right now, I am saving for a game, red dead redemption 2 is out and it costs about 60 dollars or so to get the game which is a lot of money in my country (for comparison I am making about 80 dollars a week and barely survive) but I am trying to put money aside, not just 60 dollars to get the game but also enough to make sure if I buy the game it won't matter to me and I wouldn't be in big trouble for spending that amount.

If I was living in a country like USA or UK than I would probably get paid a lot more and than buying those types of stuff would have been easy but I am living in a third world country and those kinds of stuff are really expensive for me. You need to put a goal to yourself and save for it, that is the best way I have found to save money.

BitHodler

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Quote from: luca1073 on October 30, 2018, 08:24:20 AM

My actual plan is to buy daily fractions of btc ad long as price stays below 10.000$ / Btc and stop if and when surely it will go above that level.

Don't set yourself such targets, because it will only work against you. By the time the price breaks through the $10,000 mark again, you can be sure that it will keep going up far beyond what you think is possible.

My target last year was to keep accumulating as long as the price was hovering below the $2000 mark, and it didn't take long before I realized how much of a fool I made out of myself. I won't make the same mistake again.

Continue to dollar cost average your entry points and you'll be fine, that's my advice to everyone here. Even if you bought last year's peak, if you buy at current levels you effectively lower your average buying price with at least 50%.

Instead of waiting for the price to reach $20,000 to break even, you'll break even around $10,000 or even lower.

luca1073

jr. member

Activity: 222

Merit: 4

Quote from: JimboToronto on October 30, 2018, 09:57:18 PM

The best exit strategy is to not exit. Why would you want to take your profit in depreciating fiat currencies instead of keeping it in Bitcoin, an appreciating asset?

Keep accumulating as much Bitcoin as you can and only spend it when you absolutely must. By all means spend some Bitcoin to buy enough fiat currency to trade for whatever goods or services you require but don't spend your bitcoins unnecessarily.

Agree 100 %

luca1073

jr. member

Activity: 222

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Quote from: Pursuer on October 31, 2018, 01:54:51 AM

going nearly 50-50 with bitcoin and altcoins is not a good idea in my opinion. you are taking a huge risk on your 0.7BTC worth which is in altcoins. and I would say that unless you are an experienced trader who is using that 0.7BTC to make profit from trading altcoins and using their pumps, then it is not a good strategy to get involved with them because the losses will be greater and the possible gains will be smaller than holding 100% bitcoin.
what I personally do is that I dedicate a smaller amount for trading altcoins and constantly cash out the profit and also I make sure to stay away from the altcoin market during times that I can't predict it or times that are generally considered "dumping season".

I know it is risky. Infact as i said those 0.70 in altcoins were bought at extremely cheap prices when i was unaware of everything crypto wise. I'm debating what to do in the near future but i will try to manage by finding a " solution"

luca1073

jr. member

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Quote from: davis196 on October 31, 2018, 02:33:57 AM

How much bitcoins have you gathered with faucets?This is almost impossbile.I guess that you are using faucets since the day they were invented(probably 5-6 years ago). Grin

Anyway,I can't say that this is a plan,but it looks like a good tactic.
Do you have a plan B,in case the bitcoin and altcoins prices crash?

To be sincere i don't know how much i ve gathered with faucets. I saw a comment above of somebody that said that i achieved missione impossibile by gathering 0.3 btc with faucets but i never said so lol. Anyway definitely less than 0.3 . in my post i just put the ( also through faucets) word, never said i gathered so much. Anyway if you had clicked on gavin (Andresen ?)faucet( i saw a post on reddit commemorating it) he was giving 5 bitcoin per your or per day in 2010(?) ( ahhhah)

Plan B? Not really ? Lol. I ve traded forex for a while so i can keep a floating loss for too long even if this practice is frowned upon in that world but this is not day trading anyway

Topic: A Saving Plan - page 8. (Read 16901 times)