I was thinking new kind of plan to buy bitcoin every month from my salary immediately my company paids me but I still have other responsibilities to carry with family so am skeptical about it especially now that the price has no direction. If can afford storing every month in a long run I may realizes half of bitcoin unit and that's a big achievement to buy but to you is funny because you have enough of it. So advise me on what to do! Should I hold on because of the instabilities in price? Or I should buy and store? Over to you
Never stop buying as long as the price is a good buy, and through DCA you can maximize your purchase with bitcoin without forcing yourself to buy them all in. However, the final decision is still up to you, if you think bitcoin will be more valuable in the future and will be more capable to make you profitable, then always take advantage of buying it today but only buy whenever you have spare money from your salary. 
Topic: Do you still advised more buy and store? - page 10. (Read 2191 times)
At this current bitcoin price of only $30k, there is no reason why I would stop my monthly DCA. My next plan is on the 11th, hopefully, the price will be down a little by then. The price of bitcoin is not even half of its previous ATH. I doubt bitcoin reaches $60k this year and so I guess my DCA will continue throughout the year or maybe even until next year.
This is just a rare opportunity for us. Bitcoin halving only happens every 4 years and that is long enough to wait for the next one. Besides, bitcoin's growth when it stays consistent at the trillion dollar market cap might become slower compared to today and the past years.
This is just a rare opportunity for us. Bitcoin halving only happens every 4 years and that is long enough to wait for the next one. Besides, bitcoin's growth when it stays consistent at the trillion dollar market cap might become slower compared to today and the past years.
I was thinking new kind of plan to buy bitcoin every month from my salary immediately my company paids me but I still have other responsibilities to carry with family so am skeptical about it especially now that the price has no direction. If can afford storing every month in a long run I may realizes half of bitcoin unit and that's a big achievement to buy but to you is funny because you have enough of it. So advise me on what to do! Should I hold on because of the instabilities in price? Or I should buy and store? Over to you
What most of the community in this business industry often does is to apply DCA, this method is very effective, even if you save little by little, you often don't realize that your savings are increasing, at the beginning you don't it will be felt but eventually over time you will notice that you have saved a lot.
Then there are many ways to do this thing too, as long as you have extra money buy it right away, it's no different from saving money starting with just coins of course it's the same with Bitcoin even if it's just a few sats it also grows we don't realize it.
Calculating from the point that we are right now, basically the price of ($30k) to the previous all time highs ATH $69k, we still have more rooms to the up side, plus if the price makes New ATH, makes reasonable sense if we consider further accumulation and storing of Bitcoin as the journey is yet to begin taking a look at what has happened in the previous cycles, I do think that good opportunity is present right in our front to grab.
I was thinking new kind of plan to buy bitcoin every month from my salary immediately my company paids me but I still have other responsibilities to carry with family so am skeptical about it especially now that the price has no direction. If can afford storing every month in a long run I may realizes half of bitcoin unit and that's a big achievement to buy but to you is funny because you have enough of it. So advise me on what to do! Should I hold on because of the instabilities in price? Or I should buy and store? Over to you
I think if you are saving and getting an opportunity to buy Bitcoin or any other crypto currency, you should take advantage of this current opportunity. The market is not yet headed for a bull run. Here the investment can give you very good returns in future .There is very little chance that the market will go down again from here And you will get an opportunity to buy at a lower price.so buy here if you have mony.
This is a good plan. Keep buying and storing BTCs in whatever quantity you can afford. Consider it as a means of saving, not making money, so don’t pay attention to the price.
This is only a good method if you're aiming for long term, if you put your money that you'll be needing soon then it's not a good choice to buy BTC. Cause if you want to a quick flip that you could profit instant then buy and store is not recommendable.
This is a good plan. Keep buying and storing BTCs in whatever quantity you can afford. Consider it as a means of saving, not making money, so don’t pay attention to the price.
I don’t think it’s always best to invest “only” during the bear market. Bitcoins are very very rare. They are limited in numbers. Moreover the demand to hold the Bitcoins among the people is increasing day by day. So from this we can conclude the craziness for Bitcoins. So I would suggest to buy whenever possible , how much possible just buy.
I agree that buying Bitcoin isn't always in the bearish season (bear market). But during the bearish season, the price drops significantly, so we can have a chance to buy at the cheapest price ever. Since we buy at the dip (cheapest price), it is safe for us to hold for a long time (until the bullrun season). I can't imagine if we buy in the bullrun season, then we failed to sell it during the bullrun period. As the result, the price continues to drop because it is toward the bearish season. So, it is untrue that we can buy 'whenever', even if it is possible but don't hold it for the long term.
This comes from the fact that most people do not really know how to trade or do anything. I personally do not feel comfortable with trading with all of my money, which is why it is not an easy task for me to trust it that way and use it all on trading. This is not about what I prefer, this is about what I can make money the bedt. I can buy and store and make a huge amount of profit whereas someone may trade and make more than that, or I can start trading as well and lose a lot of money. So pick whatever works for you the best should be the thing you do, it will allow you to profit the best. Obviously there are some situations that makes it harder but I can guarantee you that if you know what you are doing, even on tough bear periods, holding can still become profitable.
yes exactly fulfilment of family needs should be kept first and then save money because family is always the first priority. As you save money but your family get deprived of health then you will always regret this thing so I have an idea that you should save some amount for longer time may be it takes lots of time but will be in advantage for you. Buying for one time is also a good idea and i think that if a person can afford then regularly saving money in Bitcoin will be the ever successful start but if a person cannot afford putting money on regular basis then putting just once in a single year is the best formula.
^I like your perception, family first before anything else and invest only what you can afford to lose. Saving money is very important, but not at the cost of our loved ones' health and well-being. Your idea of saving a portion of our income for a longer period of time is a wise decision that can benefit us in the long run. Investing in a reliable asset like BTC can also be a good option for those who can afford it, it is proven that has had a return in recent years.
However, it is important to remember that any investment comes with risks, and it is always a good idea to do your research before making any financial decisions. So investing BTC in a DCA way would be the best move that you will never forget once you get a profit on it.
yes exactly fulfilment of family needs should be kept first and then save money because family is always the first priority. As you save money but your family get deprived of health then you will always regret this thing so I have an idea that you should save some amount for longer time may be it takes lots of time but will be in advantage for you. Buying for one time is also a good idea and i think that if a person can afford then regularly saving money in Bitcoin will be the ever successful start but if a person cannot afford putting money on regular basis then putting just once in a single year is the best formula.
^I like your perception, family first before anything else and invest only what you can afford to lose. Saving money is very important, but not at the cost of our loved ones' health and well-being. Your idea of saving a portion of our income for a longer period of time is a wise decision that can benefit us in the long run. Investing in a reliable asset like BTC can also be a good option for those who can afford it, it is proven that has had a return in recent years.
However, it is important to remember that any investment comes with risks, and it is always a good idea to do your research before making any financial decisions. So investing BTC in a DCA way would be the best move that you will never forget once you get a profit on it.
I agree that our families should come first, but we should also think about the value of investing in cryptocurrencies when it comes to our future financial freedom, especially if we have selected a coin with potential like Bitcoin. Only investing the money we can afford to lose is crucial, but we also need to allocate a portion of our income to buy Bitcoin in order to be well-prepared for the approaching bullish season, from which we will still profit. I'm sure that it is a challenging thing to focus on investment but it will be our foundation for a profitable life in the future so we must see its value.
yes exactly fulfilment of family needs should be kept first and then save money because family is always the first priority. As you save money but your family get deprived of health then you will always regret this thing so I have an idea that you should save some amount for longer time may be it takes lots of time but will be in advantage for you. Buying for one time is also a good idea and i think that if a person can afford then regularly saving money in Bitcoin will be the ever successful start but if a person cannot afford putting money on regular basis then putting just once in a single year is the best formula.
^I like your perception, family first before anything else and invest only what you can afford to lose. Saving money is very important, but not at the cost of our loved ones' health and well-being. Your idea of saving a portion of our income for a longer period of time is a wise decision that can benefit us in the long run. Investing in a reliable asset like BTC can also be a good option for those who can afford it, it is proven that has had a return in recent years.
However, it is important to remember that any investment comes with risks, and it is always a good idea to do your research before making any financial decisions. So investing BTC in a DCA way would be the best move that you will never forget once you get a profit on it.
yes exactly fulfilment of family needs should be kept first and then save money because family is always the first priority. As you save money but your family get deprived of health then you will always regret this thing so I have an idea that you should save some amount for longer time may be it takes lots of time but will be in advantage for you. Buying for one time is also a good idea and i think that if a person can afford then regularly saving money in Bitcoin will be the ever successful start but if a person cannot afford putting money on regular basis then putting just once in a single year is the best formula.
To everyone that I can advise to buy bitcoin and that they keep it is the best thing, it is to do good, I consider that it is one of the things that one as a good friend is to tell that Person that you want him to do well that he buys bitcoin, I recommended it to all my friends, I Really don't know if they did it or not, but I'm sure that when btc Reaches more than $400k they won't believe it, I do think it will reach more than that,but it's a number round under which a Respectable comparison of what bitcoin can become could be made.
The best time to invest is when the market is in a bear market. There was a time when the market grew a lot but we all know that crypto markets never stay the same. Always the market is prone to fluctuations and it would be wisest to invest by understanding the market position at the moment. I think the market position is good for investment now. So I recommend you to invest in Bitcoin right now. And when you see the market bull market then you will sell.
I don’t think it’s always best to invest “only” during the bear market. Bitcoins are very very rare. They are limited in numbers. Moreover the demand to hold the Bitcoins among the people is increasing day by day. So from this we can conclude the craziness for Bitcoins. So I would suggest to buy whenever possible , how much possible just buy. As after some moment there will be a time where buying the Bitcoins will have lot of craze and you have these Bitcoins in your wallet. Bitcoins are for long term investment so yes whenever possible accumulate as many Bitcoins as you can irrespective of the market conditions.
Buy and store and keep it coming. Soon, you will find yourself in a good position. IMO, that's the best way of investing for now and it's the safest route.
Maybe you just lack faith in Bitcoin for now because you have not been to a time when it was super cheap. Many of us do regret selling our Bitcoin early because we also lack faith. We didn't know it could go this far and we just kept on selling our Bitcoin whenever there was a chance.
Now all I can do is get over it, try to correct the mistakes, accumulate Bitcoin, buy it if there's a chance then keep it in a safer place. It's also best if the place you are storing it is somewhere you cannot access as quick as you could, just to avoid panic selling.
Maybe you just lack faith in Bitcoin for now because you have not been to a time when it was super cheap. Many of us do regret selling our Bitcoin early because we also lack faith. We didn't know it could go this far and we just kept on selling our Bitcoin whenever there was a chance.
Now all I can do is get over it, try to correct the mistakes, accumulate Bitcoin, buy it if there's a chance then keep it in a safer place. It's also best if the place you are storing it is somewhere you cannot access as quick as you could, just to avoid panic selling.
All of us regret it but on the 2nd though if you haven't sold it for sure you arent able to purchase those things before so still it is a good move for us, even my self if i haven't sell it of for sure i would be a millionaire but again i don't regret selling it off as I've enjoyed it and I've experience what is life, also we hold right now as for sure we learned before that selling it is not a good idea so that we can achieve what we want in bitcoin
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I was thinking new kind of plan to buy bitcoin every month from my salary immediately my company paids me but I still have other responsibilities to carry with family so am skeptical about it especially now that the price has no direction. If can afford storing every month in a long run I may realizes half of bitcoin unit and that's a big achievement to buy but to you is funny because you have enough of it. So advise me on what to do! Should I hold on because of the instabilities in price? Or I should buy and store? Over to you
To make money, it involves you taking risk, but the good news is that the risk of loosing your money in bitcoin is pretty low, so I don't see why or what you are skeptical about.Bitcoin has indeed Increased in price, and if you say the price has no direction, I disagree with you, the price has been goin up since the past one month and a half now, and even with this, I still think it's still a good time to buy, knowing that bitcoin halving is coming next (2024), and as it has been in previous halving, there is always a bull season that follows, if the same should happen next year, those who are buying right now, will make good profit, most especially if bitcoin records a new all time high, higher than the previous one.
Buy and store and keep it coming. Soon, you will find yourself in a good position. IMO, that's the best way of investing for now and it's the safest route.
Maybe you just lack faith in Bitcoin for now because you have not been to a time when it was super cheap. Many of us do regret selling our Bitcoin early because we also lack faith. We didn't know it could go this far and we just kept on selling our Bitcoin whenever there was a chance.
Now all I can do is get over it, try to correct the mistakes, accumulate Bitcoin, buy it if there's a chance then keep it in a safer place. It's also best if the place you are storing it is somewhere you cannot access as quick as you could, just to avoid panic selling.
Don't just buy and get position without creating a solid plan because you'll most likely create a mistake that can give you losses instead of profits. Those who are not prepared are usually the one who keep losing their money in the market, they are not prepared because they ignore creating a plan and they just buying and selling without any conviction. We should avoid it especially if we want to level up and be on the next level, those successful traders and investors have always plan before they buy or they sell assets. Mistakes are made because of lack of plan and it is considerd as factor why it is hard to make consistent profit. Maybe you just lack faith in Bitcoin for now because you have not been to a time when it was super cheap. Many of us do regret selling our Bitcoin early because we also lack faith. We didn't know it could go this far and we just kept on selling our Bitcoin whenever there was a chance.
Now all I can do is get over it, try to correct the mistakes, accumulate Bitcoin, buy it if there's a chance then keep it in a safer place. It's also best if the place you are storing it is somewhere you cannot access as quick as you could, just to avoid panic selling.
There is no wrong if we keep buying and I actually advice, what I'm against is buying without a prior plan because we should be aware that the market is so volatile and there is always uncertainty around so we are not fully sure if the price will pump and dump. In order to not lose huge amount of money, we should have plan that we can follow when the market reacted against to what we expected.
Buy and store and keep it coming. Soon, you will find yourself in a good position. IMO, that's the best way of investing for now and it's the safest route.
Maybe you just lack faith in Bitcoin for now because you have not been to a time when it was super cheap. Many of us do regret selling our Bitcoin early because we also lack faith. We didn't know it could go this far and we just kept on selling our Bitcoin whenever there was a chance.
Now all I can do is get over it, try to correct the mistakes, accumulate Bitcoin, buy it if there's a chance then keep it in a safer place. It's also best if the place you are storing it is somewhere you cannot access as quick as you could, just to avoid panic selling.
Maybe you just lack faith in Bitcoin for now because you have not been to a time when it was super cheap. Many of us do regret selling our Bitcoin early because we also lack faith. We didn't know it could go this far and we just kept on selling our Bitcoin whenever there was a chance.
Now all I can do is get over it, try to correct the mistakes, accumulate Bitcoin, buy it if there's a chance then keep it in a safer place. It's also best if the place you are storing it is somewhere you cannot access as quick as you could, just to avoid panic selling.
The best time to invest is when the market is in a bear market. There was a time when the market grew a lot but we all know that crypto markets never stay the same. Always the market is prone to fluctuations and it would be wisest to invest by understanding the market position at the moment. I think the market position is good for investment now. So I recommend you to invest in Bitcoin right now. And when you see the market bull market then you will sell.
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