Do you still advised more buy and store? - page 7.

bitterguy28

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Quote from: terrific on October 17, 2023, 04:54:39 AM

Do what makes you feel comfortable and easy on you. You need not to force DCA if you're compromising and affecting other responsibilities of yours.
If DCA is good and you can still provide for your family and everyone is happy with your provision, you can do it slowly and surely.
Only you can understand your situation, your expenses and financial capability.

Almost every post we can read DCA when the truth is what you said is correct ,
using what comfortable for you and that makes it easy for you.
also I use to believe that your money is your responsibility , so why need to listen to others opinion when they care nothing about your investment outcome.
lets keep being vigilant to what is the best for our money to use as strategy .

terrific

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Do what makes you feel comfortable and easy on you. You need not to force DCA if you're compromising and affecting other responsibilities of yours.
If DCA is good and you can still provide for your family and everyone is happy with your provision, you can do it slowly and surely.
Only you can understand your situation, your expenses and financial capability.

barisbilgili

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Quote from: Nrcewker on October 16, 2023, 01:12:22 PM

Quote from: Jocuserious on May 26, 2023, 12:06:43 PM

Up to your hand. First of all how much extra money have your pocket. If you invest 100$ in a week and no extra money in your hand then how you can manage your life? The price of crypto totally unstable so profits chance totally luck. There are many people giving buy store advice but no one can recover your loss assets.

Definitely you should always divide your earnings proportionately and invest some portion of it in some sort of investments. It will be completely foolish decision if you put all your earnings in investments and don’t have any money for the monthly expenses or emergency funds.
Now regarding OP’s question, then definitely if the coin has potential, like BTC and ETH, then definitely you should accumulate it in the regular basis and hold it. You will definitely make tons of profits during the bull season, if you buy from now on.

If we invest all the income we have then we will not be able to meet the daily needs we need and to get investment profits we need to wait some time to get a profit. Using some of our income to invest, I think this is a good thing to do to be able to get additional income from the investments we make. You are right that buying it regularly will be very good for making profits and we have to be patient in waiting for that time.

kingvirtus09

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In these times and possibilities, we should even go double time to accumulate because the halving of next year is so fast, so if there is a chance to acquire, do it immediately as long as it does not effect spending on a daily basis.

This is not the time or season to sell if you feel Bitcoin will be worth $100,000 a coin, because the value of each sat is important to you as a Bitcoin holder, right? Would you sell it knowing that the price is still lower than when you got it if you knew the value would truly increase? Isn't that obvious?

seanskie18

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DCA is indeed a popular investment strategy. It involves consistently investing a fixed amount of money, regardless of the asset's price. It's different from other strategy, this approach can help reduce the impact of market volatility and is often used for long-term investments. Starting with an amount you can afford and adjusting based on your financial situation is a wise way to approach DCA.

Nrcewker

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Quote from: Jocuserious on May 26, 2023, 12:06:43 PM

Up to your hand. First of all how much extra money have your pocket. If you invest 100$ in a week and no extra money in your hand then how you can manage your life? The price of crypto totally unstable so profits chance totally luck. There are many people giving buy store advice but no one can recover your loss assets.

Definitely you should always divide your earnings proportionately and invest some portion of it in some sort of investments. It will be completely foolish decision if you put all your earnings in investments and don’t have any money for the monthly expenses or emergency funds.
Now regarding OP’s question, then definitely if the coin has potential, like BTC and ETH, then definitely you should accumulate it in the regular basis and hold it. You will definitely make tons of profits during the bull season, if you buy from now on.

TakeItEasy

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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

What is your Total Salary, I mean at least? If you have the many that have more than your needs, your daily expenses and your family needs, and other things which you want to buy for your family or yourself then you can carry on with trading. But if you have only money for food for your family and your daily needs then it should be better to not invest in any of these coins. Because we can't trust on trading and we don't know what will be the price next day.

Also, you need to take care of your family, if the salary you have is good enough for you to live a good life then why take a risky step towards trading, we already know that trading always involves risk whenever someone is trading, there must be a loss and there must be a win, we can't say that we can only win.

Sexylizzy2813

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Quote from: xSkylarx on May 26, 2023, 12:12:56 PM

That is really the problem with people: they tend to only think about the profit and don't assess their current situation, like if he spends that amount and goes broke, for sure he can't eat anything as he doesn't have money. So it is really best to assess your situation and see if you can afford it because no matter how big your investment is and you go broke after it is still useless, for sure you'll panic sell on it or just a day goes by and he will sell it off.

That's the desperation people do have, getting into something they know they're not financially covered just because they see others getting on the side of profit they think is that easy.
The investment can take time before it yield anything profit and before that he might have gone completely dry financially.
To me before you invest just get prepared of keeping something to hold on to so it won't tempte you to sell when you're not suppose to, and you might sell at cheaper price and be at the losing end.

AnonBitCoiner

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Quote from: Awraawra on May 16, 2023, 03:18:26 AM

As you said you have other responsibilities in your family so I suggest to buy if you have an extra money.
You can buy and store it if you want the most important is use first your money to your family and if have extra buy Bitcoin little by little.

right decision because there are so many people who earn lots of money but they are unable to spend some amount of money on family so I think first priority should be the family money can easily achieved it once start working hard.

There is no need of earning lots of money but that amount of money should be earn which can easily fulfil your needs because needs can be fulfilled but dreams never ends.

xSkylarx

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Quote from: Jocuserious on May 26, 2023, 12:06:43 PM

Up to your hand. First of all how much extra money have your pocket. If you invest 100$ in a week and no extra money in your hand then how you can manage your life? The price of crypto totally unstable so profits chance totally luck. There are many people giving buy store advice but no one can recover your loss assets.

That is really the problem with people: they tend to only think about the profit and don't assess their current situation, like if he spends that amount and goes broke, for sure he can't eat anything as he doesn't have money. So it is really best to assess your situation and see if you can afford it because no matter how big your investment is and you go broke after it is still useless, for sure you'll panic sell on it or just a day goes by and he will sell it off.

Jocuserious

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Up to your hand. First of all how much extra money have your pocket. If you invest 100$ in a week and no extra money in your hand then how you can manage your life? The price of crypto totally unstable so profits chance totally luck. There are many people giving buy store advice but no one can recover your loss assets.

inthelongrun

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Quote from: Wend on May 21, 2023, 10:37:18 AM

Quote from: inthelongrun on May 21, 2023, 10:21:43 AM

Without a doubt I want to buy more and will continue in doing so. I actually do a monthly DCA on bitcoin and some altcoins and I already bought some for this month but it is indeed tempting to buy more for this month due to its current price which is still down and haven't recovered back to $30k. I think bitcoin is coming back to $30k next month.

By the way OP, you are in a trading board just in case you meant to hold long term. Anyways, if you are trader it's also good to buy especially bitcoin and then maybe sell it in the next upward swing, say $30k.

I also like DCA but not monthly like you, I buy whenever I have money to invest. But I'm not too bothered about the bitcoin price in the short term, especially during the bear season. I mean as long as its price stays below ATH, I will still buy without thinking.

As you said, what will you do if the bitcoin price crosses $30k next month? Will you stop buying? Because I think $30k is still a low price and profitable if your target is next bull season, or it will be $100k, as many are waiting.

$30 is still very cheap, less than 50% of its previous ATH so definitely that won't stop me from continuing my DCA. My plan is to continue with the DCA until the halving month or if bitcoin reachest like $50k whichever comes first. I am also slowly accumulating some altcoins and I might focus more on them when bitcoin reaches $50k. Many of these altcoins will have more growth than bitcoin during a major bull run so I won't miss it. But long term goals, definitely bitcoin is unparalleled and would stick to it.

EarnOnVictor

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Quote from: davide72 on May 25, 2023, 06:05:22 PM

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

Buy a little at a time and do not make investments in a single project, maybe 2024 could start the new bullrun, if you want to invest in new projects let pass sometime before buying, usually new project are super hyped and much more manipulated by whales and team

This is very good advice and I will always tell people to continue to buy Bitcoin but might want to DCA it so that they will not miss out when the price is cheap. This calls for careful investments and consistent speculation so that one can know the right time to maximise their profits with the investment. And like I use to say, no one who invests in Bitcoin will lose their money eventually, it might tarry at times, but laughter will end it. Also, the plan towards 2024 is a very good one, those that are sceptical to invest now might hold on till that time, and truly, a significant bull run awaits the coin.

Lastly, my advice is that one should rather save in Bitcoin instead of wasting their money in banks, and the money you save should not be touched for effective investment. It has helped me to be more prudent in my spending and it will always be a game changer to my finances in the future.

monineklutak

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Quote from: Xampeuu on May 26, 2023, 12:17:00 AM

Quote from: noormcs5 on May 25, 2023, 07:58:38 PM

Quote from: davide72 on May 25, 2023, 06:05:22 PM

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

Buy a little at a time and do not make investments in a single project, maybe 2024 could start the new bullrun, if you want to invest in new projects let pass sometime before buying, usually new project are super hyped and much more manipulated by whales and team

Everyone who is in crypto currency for sometime already know this that bitcoin will have its bull season after the halving, the bitcoin can reach another high in 2024 or 2025. Due to this reason, i am sure to see another bull season within two years time.

Now you can invest any amount in bitcoin right now and you will grantee get 3x to 4x return within a span of only two years. No other investments can give you this return.

buying in installments is indeed very profitable, especially during the boom season like now. as long as you have cold money, that's a very good thing to do, especially now that the price is still in the consolidation phase, so it's an opportunity to make a profit if you can dismantle the resistance defense later. and if the price breaks the support we are not too worried, because we have planned to buy every month, so we can still buy at a lower price, until it's time to wait for the bullish season to come and we can harvest it

As long as these things are done properly and certainly with proper planning then it will be profitable,
bull season is yet to be seen and we never know exactly when it will be,
the most important thing is to take advantage of this moment to make a profit.

erixter

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Quote from: Patrol69 on May 08, 2023, 05:37:58 AM

You can divide your salary amount into several parts. One part you will spend on your family one part you will spend on other expenses and one part you will keep in your savings account and another part you will invest in bitcoins. I don't know your salary amount but if you can plan like this it will be good for you.

Investing in Bitcoin for the Long Term If you ever need money, you will spend that money from your savings account but never sell your Bitcoin investment. Holding this investment for a long period of time and increasing the investment amount every month will at some point see you reaping good returns on your investment.

Buy and store" is a strategy commonly known as "buy and hold". I agree with you but a bit consideration is required here. Buying and store is an idea only when you have a lot of spare capital with you. I you have some spare money to hold for a long period of time, so you may spend that in BITCOIN, or in any other However, I believe that for a small trader, by-part trading is more advantageous. Additionally, the buy and store strategy can be a practical approach for long-term investors who believe in the potential of cryptocurrencies. Before investing for a long time, adjust your strategy; make risk assessment as needed based on your investment goals.

Xampeuu

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Quote from: noormcs5 on May 25, 2023, 07:58:38 PM

Quote from: davide72 on May 25, 2023, 06:05:22 PM

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

Buy a little at a time and do not make investments in a single project, maybe 2024 could start the new bullrun, if you want to invest in new projects let pass sometime before buying, usually new project are super hyped and much more manipulated by whales and team

Everyone who is in crypto currency for sometime already know this that bitcoin will have its bull season after the halving, the bitcoin can reach another high in 2024 or 2025. Due to this reason, i am sure to see another bull season within two years time.

Now you can invest any amount in bitcoin right now and you will grantee get 3x to 4x return within a span of only two years. No other investments can give you this return.

buying in installments is indeed very profitable, especially during the boom season like now. as long as you have cold money, that's a very good thing to do, especially now that the price is still in the consolidation phase, so it's an opportunity to make a profit if you can dismantle the resistance defense later. and if the price breaks the support we are not too worried, because we have planned to buy every month, so we can still buy at a lower price, until it's time to wait for the bullish season to come and we can harvest it

noormcs5

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Quote from: davide72 on May 25, 2023, 06:05:22 PM

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

Buy a little at a time and do not make investments in a single project, maybe 2024 could start the new bullrun, if you want to invest in new projects let pass sometime before buying, usually new project are super hyped and much more manipulated by whales and team

Everyone who is in crypto currency for sometime already know this that bitcoin will have its bull season after the halving, the bitcoin can reach another high in 2024 or 2025. Due to this reason, i am sure to see another bull season within two years time.

Now you can invest any amount in bitcoin right now and you will grantee get 3x to 4x return within a span of only two years. No other investments can give you this return.

davide72

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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

Buy a little at a time and do not make investments in a single project, maybe 2024 could start the new bullrun, if you want to invest in new projects let pass sometime before buying, usually new project are super hyped and much more manipulated by whales and team

Doan9269

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Quote from: inthelongrun on May 21, 2023, 10:21:43 AM

Without a doubt I want to buy more and will continue in doing so. I actually do a monthly DCA on bitcoin and some altcoins and I already bought some for this month but it is indeed tempting to buy more for this month due to its current price which is still down and haven't recovered back to $30k. I think bitcoin is coming back to $30k next month.

If you're talking about bitcoin inves, it's something that should be held on to, either you want to trade or you're interested in holding it, the overall aim of them all is to make profit, since when you hold fiat for a long time gets affected by inflation and the value as well drops while the institutions holding our money also make charges on them without asking from your permission, everyone will hodl bitcoin till they needs to sell, we may encounter beyond $30,000 this month or beyond.

Quote from: inthelongrun on May 21, 2023, 10:21:43 AM

By the way OP, you are in a trading board just in case you meant to hold long term. Anyways, if you are trader it's also good to buy especially bitcoin and then maybe sell it in the next upward swing, say $30k.

Both the trader and holders are all investors, what makes their difference is that some are holding for a short period of time which is trading, while some hodl for longer periods which we often refer to investment, but our common goal is to make profits.

Dr.Bitcoin_Strange

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Quote from: inthelongrun on May 21, 2023, 10:21:43 AM

I actually do a monthly DCA on bitcoin and some altcoins

You mean you DCA on altcoins or just Bitcoin, perhaps? I don't really think it's done on altcoins because a lot of those coins are cheap and do not have any significant price volatility over time. Some of those tokens or coins can be stagnant at the same price for a very long period of time, and if there are any changes, it's just little by little. For example, a token at $0.005 can be reduced to $0.0045 or increased to $0.0069. Bitcoin movement is at times so quick, both when it spikes and when it dips, and that's why the DCA strategy implies that one should buy at different low prices to maximize profit.

Topic: Do you still advised more buy and store? - page 7. (Read 2120 times)