Do you still advised more buy and store? - page 4.

Inwestour

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Quote from: bayu7adi on November 16, 2023, 06:42:56 AM

I have some idea if you want to be more focused on Bitcoin... try to forget about the BTC/FIAT conversion rate that can sometimes make you hesitate in buying Bitcoin. You can more concentrate on targeting specific Bitcoin purchases, like reaching 0.1 BTC, 0.5 BTC, or 1 BTC... then once your target is met, you can plan your next steps, such as holding for a longer period based on your chosen time frame or selling when a bullish trend arrives.

IMO.. avoiding the influence of Bitcoin prices compared to FIAT will help you overcome doubts. This will have a positive impact on your emotions, preventing you from being constantly affected by price fluctuations. The main focus should be on accumulating BTC until you reach your BTC goal amount. Buying it consistently will accumulate bit by bit, turning into something significant in the future.

I adhere to a different strategy, a certain amount of bitcoin, 0.5 or 1, is not so important to me as the level to which I will buy bitcoin. For some it will be 25k, for others 35k, everyone determines the price at which he will buy bitcoin.

I think this is important if we want to get the maximum return on our investment. After reaching a certain level I stop buying and just accumulate savings, if the price falls below my level again I will start buying again, if not then I will wait for my selling targets and wait for a bear market. I consider this strategy to be the most acceptable for achieving good results. You can set a goal as you indicated, but it can be achieved with a high average price and then the profit will be significantly lower.

bitLeap

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Quote from: bayu7adi on November 10, 2023, 11:35:41 PM

The first piece of advice, of course, is to first fulfill your responsibilities to your family. Whether it's basic needs or obligations like debt, handle those first. Investing in Bitcoin is more suitable for those who already have savings and no longer struggle to think about their basic needs. This way, emotions and psychology when owning Bitcoin can be better controlled, and every decision will be wiser.

Remember! Investing in Bitcoin isn't a matter of life and death, but it's an alternative means to safeguard your savings and protect their value. You don't have to force yourself to buy Bitcoin because what matters most is having a bit more financial flexibility first.

Yes investing is a choice for someone, in other words if you want to invest then do it, if not then don't do it. But I also agree with you, that before investing then think carefully first, because investment is not just for a month or two, it can do it faster, but for me personally not too interested in investing in a very short time.
Make sure our main needs are met, things like dependents, debts and others can be resolved. Don't let it be because we are investing we have to ignore something that we really have to fulfill and arguably is an obligation.

bayu7adi

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dont be greedy

I have some idea if you want to be more focused on Bitcoin... try to forget about the BTC/FIAT conversion rate that can sometimes make you hesitate in buying Bitcoin. You can more concentrate on targeting specific Bitcoin purchases, like reaching 0.1 BTC, 0.5 BTC, or 1 BTC... then once your target is met, you can plan your next steps, such as holding for a longer period based on your chosen time frame or selling when a bullish trend arrives.

IMO.. avoiding the influence of Bitcoin prices compared to FIAT will help you overcome doubts. This will have a positive impact on your emotions, preventing you from being constantly affected by price fluctuations. The main focus should be on accumulating BTC until you reach your BTC goal amount. Buying it consistently will accumulate bit by bit, turning into something significant in the future.

Promocodeudo

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OP, if you can buy now it is better, because bitcoin market is designed in such a way that no one knows the actual direction, if you can afford to take care of your needs at the same time buy Bitcoin to store that's good, I will say that buying little by little no matter how small it is, is a better option for you, instead of staying out of the trend, it is better to own a little than owning nothing, because you never can tell what the future holds in regards to bitcoin, I know that challenges will come, I never said you shouldn't take care of domestic needs, I believe that taking care of your domestic needs are your primary obligation that should not be joked with, it should come first before any other thing.

Dimitri94

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Quote from: uswa56 on November 12, 2023, 10:57:48 AM

Quote from: bayu7adi on November 10, 2023, 11:35:41 PM

The first piece of advice, of course, is to first fulfill your responsibilities to your family. Whether it's basic needs or obligations like debt, handle those first. Investing in Bitcoin is more suitable for those who already have savings and no longer struggle to think about their basic needs. This way, emotions and psychology when owning Bitcoin can be better controlled, and every decision will be wiser.

Remember! Investing in Bitcoin isn't a matter of life and death, but it's an alternative means to safeguard your savings and protect their value. You don't have to force yourself to buy Bitcoin because what matters most is having a bit more financial flexibility first.

I agree with you, before choosing to invest in Bitcoin, it would be better for us to meet our own needs and also have funds for the emergency needs that we need so that when we have made an investment and have urgent needs, the investment we make will still stay safe and not be disturbed by our sudden needs. Without having financial advantages, we can be sure that we will not be able to make any investments, because if we cannot meet our own needs then it is not time for us to think about investing and it is also important for us to be able to meet our needs and then we can make investments.

We are planning long term when it comes to investing in Bitcoin so we should definitely invest the money so that we don't have any problem with holding bitcoins later. If the family has a certain source of income and if a small amount can be saved from that by DCA in Bitcoin then I think it is a good advantage for them. There is no need for a large amount, but as a convenience, a poor person can get the opportunity to hold bitcoins even if he wants. As the market is just getting ready to turn bullish I think it is quite effective for short term traders to invest in this period and a golden opportunity for long term holders.

uswa56

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Quote from: bayu7adi on November 10, 2023, 11:35:41 PM

The first piece of advice, of course, is to first fulfill your responsibilities to your family. Whether it's basic needs or obligations like debt, handle those first. Investing in Bitcoin is more suitable for those who already have savings and no longer struggle to think about their basic needs. This way, emotions and psychology when owning Bitcoin can be better controlled, and every decision will be wiser.

Remember! Investing in Bitcoin isn't a matter of life and death, but it's an alternative means to safeguard your savings and protect their value. You don't have to force yourself to buy Bitcoin because what matters most is having a bit more financial flexibility first.

I agree with you, before choosing to invest in Bitcoin, it would be better for us to meet our own needs and also have funds for the emergency needs that we need so that when we have made an investment and have urgent needs, the investment we make will still stay safe and not be disturbed by our sudden needs. Without having financial advantages, we can be sure that we will not be able to make any investments, because if we cannot meet our own needs then it is not time for us to think about investing and it is also important for us to be able to meet our needs and then we can make investments.

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Quote from: God bless u on November 10, 2023, 11:12:33 PM

Buying bitcoin every month is not affordable because just investment is not here but other burden are also on us. Buying bitcoin on monthly basis is good option but If you are a accountable for a family then wait for that amount which you have hold to give you profit.

At start of the month you should not buy bitcoin because anytime you can require it for monthly uses but if some amount remains in your salary during exit of month then utilise that amount for investment. If you buy more and more bitcoin but need sudden amount then there will be no other option instead of selling your bitcoin on loss option. You should keep the already holded bitcoins as it is enough for boosting the amount of your money.

Whatever ways we choose to invest in the market, we must always make sure that we have a saving like in the normal fiat world, we need to have a portfolio of coins so that we can make more when the bull make arrives. Trading and investing is different but for that are traders, we are more steps higher than a person that is just an investor. We can make more money from the market when we buy and hold and also trade in the market to make more profits from the market. We need to have the habit of storing and buying. It is what we buy that would give us profits when the bull market arrives.

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It's important you make sure you have spare cash before thinking of investing because if you have too many obligations to meet up with, you May end up investing wrongly, your decision will be mostly in the short term and it won't be as profitable enough as it should be if you were comfortable investing. Make sure to first meet up with your needs and invest with spare.

Depending on how much you earn monthly you can decide to allocate a certain amount monthly or weekly to investing but if what you have left to spare is really small they it will be better to do your investment monthly so when it compounds it comes out significantly. DCA will aswell be very helpful while investing that way but make sure not to invest more than you can afford to lose so you don't have to get emotional about you investment as the price of Bitcoin doesn't follow a regular pattern.

bayu7adi

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dont be greedy

The first piece of advice, of course, is to first fulfill your responsibilities to your family. Whether it's basic needs or obligations like debt, handle those first. Investing in Bitcoin is more suitable for those who already have savings and no longer struggle to think about their basic needs. This way, emotions and psychology when owning Bitcoin can be better controlled, and every decision will be wiser.

Remember! Investing in Bitcoin isn't a matter of life and death, but it's an alternative means to safeguard your savings and protect their value. You don't have to force yourself to buy Bitcoin because what matters most is having a bit more financial flexibility first.

God bless u

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Buying bitcoin every month is not affordable because just investment is not here but other burden are also on us. Buying bitcoin on monthly basis is good option but If you are a accountable for a family then wait for that amount which you have hold to give you profit.

At start of the month you should not buy bitcoin because anytime you can require it for monthly uses but if some amount remains in your salary during exit of month then utilise that amount for investment. If you buy more and more bitcoin but need sudden amount then there will be no other option instead of selling your bitcoin on loss option. You should keep the already holded bitcoins as it is enough for boosting the amount of your money.

Patrol69

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Quote from: gunhell16 on November 10, 2023, 05:51:17 PM

Quote from: Patrol69 on November 08, 2023, 10:07:20 AM

Quote from: Volimack on November 08, 2023, 09:35:28 AM

Buying dips is really good if you buy bitcoin dips it will become very profitable if the price goes up. Savings are good for everyone Savings helps a lot of problems later on. Investments in stable currencies are less likely to appreciate as they remain more stable. But investors have been reaping profits by investing in bitcoin for years because of its volatility. Many people are using strategies to get rich slowly and their principal will be higher than other currencies.

Investing for the long term is good for everyone but not everyone can invest for the long term. There are considerable positive aspects of long-term investment. We have generally noticed that the Bitcoin market has changed considerably over a long period of time and those changes are definitely positive changes so if one can invest and hold it deeply then it is a very positive aspect for an investor especially for the future. Time is not over yet so if you ask me to say this then I will tell you to increase your investment amount and hold that investment deeply. Those who have profited by investing deeply will surely suggest you to hold on to your investment so you should hold on to your investment even if it is a temporary pain.

Yes, you were right there in that matter, The only problem with most of the hardships of life today is that most of them want to make a profit every day. That's why others only enter the short-term to make a profit here in crypto trading. But it is not as easy to do as others think.

It's also the fault of others who share that it's easy to make money in crypto, and they say they get rich in crypto, but it's not really that easy in reality. It's easy to hype people up if the intention is to cheat, and it's also easy to believe the hype that's being done to us. But it is so difficult to understand how to get a good profit here in crypto trading that most people who enter this field of business in cryptocurrency do not know.

Our main problem is that we never actually wanted to learn about trading rather we wanted to profit directly from trading. If you go for an exam without studying for a whole year and expect good results in the exam, then it will be a foolish behavior, similarly if you think of profit from trading without having any idea about trading, then this thought will be like a foolish thought. If you have trading skills you can take new trades and if you are investing you can increase the amount of investment according to the current situation but doing these without knowledge of trading is risky for money. Those who know enough about trading and investing have no need to question whether they should buy more at this time because market conditions will tell them when to do so.

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Quote from: Volimack on November 08, 2023, 09:35:28 AM

Buying dips is really good if you buy bitcoin dips it will become very profitable if the price goes up. Savings are good for everyone Savings helps a lot of problems later on. Investments in stable currencies are less likely to appreciate as they remain more stable. But investors have been reaping profits by investing in bitcoin for years because of its volatility. Many people are using strategies to get rich slowly and their principal will be higher than other currencies.

Buying Bitcoin at a low price is an attempt to gain profit through existing opportunities in the hope that it will become more expensive in the future. And from what has been seen with Bitcoin, it is also quite clear that Bitcoin is indeed able to provide this to many people within a certain period of time so that it is very feasible to purchase Bitcoin at a price that we think is quite low. Because there are some people who still don't want to buy Bitcoin, not because they don't have money, but because they don't know that the price of Bitcoin is low so they don't take advantage of it.

boyptc

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Quote from: Volimack on November 08, 2023, 09:35:28 AM

Buying dips is really good if you buy bitcoin dips it will become very profitable if the price goes up. Savings are good for everyone Savings helps a lot of problems later on.

Buying during the dip should be a practice for everybody.

Quote from: Volimack on November 08, 2023, 09:35:28 AM

Investments in stable currencies are less likely to appreciate as they remain more stable.

If there's a profit there, it's really little because the volatility that stable coins have are just centavos. And, they won't be called stable coins for no reason.

Quote from: Volimack on November 08, 2023, 09:35:28 AM

But investors have been reaping profits by investing in bitcoin for years because of its volatility. Many people are using strategies to get rich slowly and their principal will be higher than other currencies.

Don't have that mindset about being rich on it, the day will come when you become stable and consistent and you'll become rich based on how you're acquiring and doing it to grow your portfolios.

gunhell16

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Quote from: Patrol69 on November 08, 2023, 10:07:20 AM

Quote from: Volimack on November 08, 2023, 09:35:28 AM

Buying dips is really good if you buy bitcoin dips it will become very profitable if the price goes up. Savings are good for everyone Savings helps a lot of problems later on. Investments in stable currencies are less likely to appreciate as they remain more stable. But investors have been reaping profits by investing in bitcoin for years because of its volatility. Many people are using strategies to get rich slowly and their principal will be higher than other currencies.

Investing for the long term is good for everyone but not everyone can invest for the long term. There are considerable positive aspects of long-term investment. We have generally noticed that the Bitcoin market has changed considerably over a long period of time and those changes are definitely positive changes so if one can invest and hold it deeply then it is a very positive aspect for an investor especially for the future. Time is not over yet so if you ask me to say this then I will tell you to increase your investment amount and hold that investment deeply. Those who have profited by investing deeply will surely suggest you to hold on to your investment so you should hold on to your investment even if it is a temporary pain.

Yes, you were right there in that matter, The only problem with most of the hardships of life today is that most of them want to make a profit every day. That's why others only enter the short-term to make a profit here in crypto trading. But it is not as easy to do as others think.

It's also the fault of others who share that it's easy to make money in crypto, and they say they get rich in crypto, but it's not really that easy in reality. It's easy to hype people up if the intention is to cheat, and it's also easy to believe the hype that's being done to us. But it is so difficult to understand how to get a good profit here in crypto trading that most people who enter this field of business in cryptocurrency do not know.

Nrcewker

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Quote from: Volimack on November 08, 2023, 09:35:28 AM

Buying dips is really good if you buy bitcoin dips it will become very profitable if the price goes up. Savings are good for everyone Savings helps a lot of problems later on. Investments in stable currencies are less likely to appreciate as they remain more stable. But investors have been reaping profits by investing in bitcoin for years because of its volatility. Many people are using strategies to get rich slowly and their principal will be higher than other currencies.

Now there is a huge difference between savings and investment. You can’t make money by saving it. You need to risk money that is invest in order to make more money. Hence follow the golden 40:30:30 rule. Spend 40% of your monthly income in daily needs, paying bills. Save 30% of the monthly earnings for future or emergency and invest 30% of the income in some time of investment. In this manner you can make good amount of money in short period of time. Now if you ask for Bitcoins, then waiting for dips in order to buy it is really a bad idea. Bitcoins are very valuable coins, so whenever you have some funds to invest, buy the coin irrespective of it’s price.

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Quote from: JamesBorn on April 10, 2023, 02:25:58 PM

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

Since you have to take responsibility of your family, you must think deeply before investing. If you can invest and hold for long term then I say hold but if you can't then such strategy is more likely to result in loss than gain. Because if you deviate from the way even though the goal is not fulfilled, then it will become someone's loss. Although we know that Bitcoin is a very potential coin whose value is slowly increasing and anytime we see it bullish. If you feel that you can sustain it for a long period of time even passing hard time then you can invest in this platform. But it is better to use DCA to reduce your risk.

Patrol69

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Quote from: Volimack on November 08, 2023, 09:35:28 AM

Buying dips is really good if you buy bitcoin dips it will become very profitable if the price goes up. Savings are good for everyone Savings helps a lot of problems later on. Investments in stable currencies are less likely to appreciate as they remain more stable. But investors have been reaping profits by investing in bitcoin for years because of its volatility. Many people are using strategies to get rich slowly and their principal will be higher than other currencies.

Investing for the long term is good for everyone but not everyone can invest for the long term. There are considerable positive aspects of long-term investment. We have generally noticed that the Bitcoin market has changed considerably over a long period of time and those changes are definitely positive changes so if one can invest and hold it deeply then it is a very positive aspect for an investor especially for the future. Time is not over yet so if you ask me to say this then I will tell you to increase your investment amount and hold that investment deeply. Those who have profited by investing deeply will surely suggest you to hold on to your investment so you should hold on to your investment even if it is a temporary pain.

Inwestour

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Quote from: Volimack on November 08, 2023, 09:35:28 AM

Buying dips is really good if you buy bitcoin dips it will become very profitable if the price goes up. Savings are good for everyone Savings helps a lot of problems later on. Investments in stable currencies are less likely to appreciate as they remain more stable. But investors have been reaping profits by investing in bitcoin for years because of its volatility. Many people are using strategies to get rich slowly and their principal will be higher than other currencies.

I've been buying Bitcoin for several years, so it's hard to say that I'm an experienced investor, but even now when I try to trade, I see the advantage of holding over trading.

I have my main portfolio which consists of Bitcoin and I have allocated some funds for trading, and I can say that the difference in holding Bitcoin and trading is colossal, my Bitcoin is growing and does not require my attention, but I spend a lot of time on trading and my results are not always good, sometimes I can make money, sometimes I lose, but I spend much more time on it and earn much less.

Volimack

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Buying dips is really good if you buy bitcoin dips it will become very profitable if the price goes up. Savings are good for everyone Savings helps a lot of problems later on. Investments in stable currencies are less likely to appreciate as they remain more stable. But investors have been reaping profits by investing in bitcoin for years because of its volatility. Many people are using strategies to get rich slowly and their principal will be higher than other currencies.

Aanuoluwatofunmi

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Quote from: Cryptomultiplier on November 07, 2023, 06:15:42 PM

I still stand in my word to buy the dip and pray for the halving to favour you.
Accumulation of BTC is a surety mostly when one knows how stable and more reliable it is for the long run. DCA is still the best proven strategy to get rich slowly, because it would be more profitable after years of accumulated BTC has been liquidated.

It's very important to buy the dip, but moreso is the unique opportunity that comes with bitcoin Investment when we are able to hold over a long period of time, this may not have to necessarily be that we are buying when it's dip, we can buy at anytime and yet be profitable about it, it's also about knowing the right time to make an investment and when to hodl till it becomes a profitable one before we release, those that cannot buy and hold for long could as well engage in trading, which does not take longer to sell and take away profit.

Topic: Do you still advised more buy and store? - page 4. (Read 2176 times)