Bitcoin Investing - DCA - page 4. | Bitcointalksearch.org

Rikafip

legendary

Activity: 1722

Merit: 5937

Quote from: Bartello on December 06, 2023, 02:08:36 PM

Thanks for the reply - in your opinion would it be beneficial for me to split between the two coins or just invest 100% of the spare funds into BTC? i'm a newbie obviously but from what i have read so far it can't be too bad of an idea?

Its all about whether you want to play safe or more risky. Altcoins suchs as ETH might have shorter period of times where they pump more than bitcoin, but in the long run bitcoin always outperforms them.

For a newbie such as yourself who probably won't know when to sell altcoin, imho going all in bitcoin is the right way to go and since you plan to be into this for a longer period of time (since you are doing DCA) I suggest to get a hardware asap.

Bartello

newbie

Activity: 14

Merit: 0

Quote from: salad daging on December 06, 2023, 02:13:58 PM

Quote from: Bartello on December 06, 2023, 02:08:36 PM

Thanks for the reply - in your opinion would it be beneficial for me to split between the two coins or just invest 100% of the spare funds into BTC? i'm a newbie obviously but from what i have read so far it can't be too bad of an idea?

If my advice is better to switch 100% to bitcoin it is much better than altcoins and just hold ETH at this time in the future to focus more on bitcoin, because the majority of people investing in the DCA way is with bitcoin.

That bitcoin has a better potential to increase many times than altcoins, imagine if you start DCA from now on with the large amount above, then you will collect more bitcoin while many people predict after halving it will immediately go to the price of $100K, it is very likely not because the previous ATH was $69K and most likely the next ATH is more than $100K.

I just realised i made a mistake in my OP and i hold 0.09* ETH Roll Eyes

I will for sure put your advice into serious consideration - Would it be worth even holding on to the ETH do you think? or selling and putting back into BTC? i thought that spreading the money over the two coins would be a decent compared to my origional strat..

Quote from: Mate2237 on December 06, 2023, 02:20:54 PM

Op you are an alt account because a newbie in the forum will not know so much on the way you do even though the person knows what is Bitcoin and investing in it. And secondly, you can't invest in Bitcoin with £150 every week. Aba, you can only invest with that amount every week if you are a business man and not a salary earner. And as a salary earner you don't have a left over in any day. As the inflation is rising every day and night your salary will not even enough to meet up the demand of the market products and this your thread is an obvious lie.

Even though the story is fabricated, if you want to invest in any of the two coins mentioned by you, you can invest in Bitcoin. But don't lie again and go and sin no more.

My knowledge is limited to reading news sites and stuff on trading view/coinmarketcap etc and i've only started invested since like October of this year. I have very little outgoings and my take home is £600-£670 p/week so i'm far from being a baller!

Mate2237

hero member

Activity: 700

Merit: 577

Op you are an alt account because a newbie in the forum will not know so much on the way you do even though the person knows what is Bitcoin and investing in it. And secondly, you can't invest in Bitcoin with £150 every week. Aba, you can only invest with that amount every week if you are a business man and not a salary earner. And as a salary earner you don't have a left over in any day. As the inflation is rising every day and night your salary will not even enough to meet up the demand of the market products and this your thread is an obvious lie.

Even though the story is fabricated, if you want to invest in any of the two coins mentioned by you, you can invest in Bitcoin. But don't lie again and go and sin no more.

Dump3er

hero member

Activity: 1526

Merit: 597

Quote from: Bartello on December 06, 2023, 02:08:36 PM

Quote from: Husires on December 06, 2023, 01:58:23 PM

Buy now with all the money you have that you do not need instead of investing in altcoin, waiting for it to pump and trying to buy Bitcoin. The price may currently be high, but it will inevitably be much lower than what the price will be in the coming months, so investing now in Bitcoin may not be a high-risk investment. Compared to 4.75% interest

Thanks for the reply - in your opinion would it be beneficial for me to split between the two coins or just invest 100% of the spare funds into BTC? i'm a newbie obviously but from what i have read so far it can't be too bad of an idea?

If I may chime in here, but please keep in mind that this is no investment advice and it also has to do with taste to some degree? I personally would prefer Bitcoin over Ethereum for several reasons, but my conviction doesn't mean that Ethereum can't outperform Bitcoin over a certain time window. This means when you only look at price, the worst pump and dump around here could be the right place for you... But if you want the most promising crypto asset in terms of societal impact, my strong believe is that you want to hold the vast majority of your crypto portfolio in Bitcoin.

I am not a maximalist, but in regards to my portfolio I am quite close to it. But if someone likes to play around with some other cryptos, don't go and waste your money on the worthless penny stocks because you get fooled by the hope that the green candles may one day look like those of Bitcoin's long term graph. 99.9% of them won't.

salad daging

hero member

Activity: 1624

Merit: 791

Bitcoin To The Moon 📈📈📈

Quote from: Bartello on December 06, 2023, 02:08:36 PM

Thanks for the reply - in your opinion would it be beneficial for me to split between the two coins or just invest 100% of the spare funds into BTC? i'm a newbie obviously but from what i have read so far it can't be too bad of an idea?

If my advice is better to switch 100% to bitcoin it is much better than altcoins and just hold ETH at this time in the future to focus more on bitcoin, because the majority of people investing in the DCA way is with bitcoin.

That bitcoin has a better potential to increase many times than altcoins, imagine if you start DCA from now on with the large amount above, then you will collect more bitcoin while many people predict after halving it will immediately go to the price of $100K, it is very likely not because the previous ATH was $69K and most likely the next ATH is more than $100K.

Bartello

newbie

Activity: 14

Merit: 0

Quote from: Husires on December 06, 2023, 01:58:23 PM

Buy now with all the money you have that you do not need instead of investing in altcoin, waiting for it to pump and trying to buy Bitcoin. The price may currently be high, but it will inevitably be much lower than what the price will be in the coming months, so investing now in Bitcoin may not be a high-risk investment. Compared to 4.75% interest

Thanks for the reply - in your opinion would it be beneficial for me to split between the two coins or just invest 100% of the spare funds into BTC? i'm a newbie obviously but from what i have read so far it can't be too bad of an idea?

Husires

legendary

Activity: 1596

Merit: 1288

Buy now with all the money you have that you do not need instead of investing in altcoin, waiting for it to pump and trying to buy Bitcoin. The price may currently be high, but it will inevitably be much lower than what the price will be in the coming months, so investing now in Bitcoin may not be a high-risk investment. Compared to 4.75% interest

Dump3er

hero member

Activity: 1526

Merit: 597

There is a variety of posts written and a website shared by JayJuanGee that I would like to refer you to and recommend to you to take the time and read them. Those are valuable insights and he takes the time to break it down comprehensibly.

JJG’s Outline of Bitcoin Investment Ideas

In this post you will find an interesting link where you can do some calculations regarding DCA. It's a nice tool to get an understanding of the effects that DCA can have on the development of your investment.

JJG has lots of posts about this topic, but I can't dig them all up now. Check out his post history and you will find some good educational content.

Pocketchange

jr. member

Activity: 44

Merit: 22

I would always invest more in what I understand.

Bartello

newbie

Activity: 14

Merit: 0

Hi All,

I currently have between £300 - £400 left over each week from my salary in which i have been transferring in to a savings account with 4.75% interest, but recently i began to invest small weekly amounts into the popular alt coins (£50-£100) as i'm a fairly risk averse person by nature. I have recently sold those coins in my portfolio at break even or at best with small gains and re-invested the money into BTC & ETH.

My plan moving forward is to use £150 of the money available to me to purchase BTC & ETH every week with the long game in mind, but was looking for advice really on how i should split the money % wise between the two assets? 50 / 50?

i currently hold 0.096* ETH & 0.0057* BTC and have been seriously considering investing more but not sure if the amounts i have available make this worth while?

Topic: Bitcoin Investing - DCA - page 4. (Read 542 times)