Topic: Bitcoin investment with lump sum or regular small amount - page 2. (Read 545 times)
If there were a definitive one-size-fits-all method for investments, then everyone would be all over it. There are way too many moving parts, that the best you can do is an educated guess. Personally I would choose to invest systematically, as it eliminates a lot of variables on your side. It ignores bias and you typically only put out money you can afford.
It is better to purchase small amount of bitcoin regularly rather than purchasing than whole chunk on coins at once. With the regular interval investment you understand the market trends better and change your strategy accordingly. Like if there is sudden downward movement in the market then you could wait for some time and try to purchase more coins at the low rate. And when market is on the rise then try to purchase more coins as early as possible.
Interesting in long run these little modification or fine tuning may prove futile if difference is less. Again if the difference is considerable then these little adjustments could be the difference.
Interesting in long run these little modification or fine tuning may prove futile if difference is less. Again if the difference is considerable then these little adjustments could be the difference.
Hello,
While investing in stock, commodity, bitcoin, alt-coins, forex etc one could go with
1: Lump sum purchase of big amount. Purchase bitcoin in quantity when price is comparatively low that previous weeks. Purchase date, timing could be adjusted as per individual suiting.
2: Other way is to follow the SIP that systematic investment plan. This SIP will purchase bitcoin worth $100 or whatever predefined amount. So monthly purchase of fifty dollars or convenient one worth bitcoins will be purchased. Irrespective of price of bitcoin at that time.
What do you think which one works best in long term? and which one works in short term? Which will earn better profit?
While investing in stock, commodity, bitcoin, alt-coins, forex etc one could go with
1: Lump sum purchase of big amount. Purchase bitcoin in quantity when price is comparatively low that previous weeks. Purchase date, timing could be adjusted as per individual suiting.
2: Other way is to follow the SIP that systematic investment plan. This SIP will purchase bitcoin worth $100 or whatever predefined amount. So monthly purchase of fifty dollars or convenient one worth bitcoins will be purchased. Irrespective of price of bitcoin at that time.
What do you think which one works best in long term? and which one works in short term? Which will earn better profit?
Jump to: