Safest of all cryptocurrencies is Bitcoin as it has defile all negative speculations and still waxing stronger regardless how volatile the market is. Other Altcoins promises instant profits which never happens most times and loss of investment therefore will advice to stick with Bitcoin as come 10 years from now your invest me still safe.
For DCA plan according to what you have.
Topic: help me not to leave btc - page 2. (Read 900 times)
I'm a 19-year-old boy living in South Korea and now btt, doge, shiba inu, etc.. have skyrocketed in just a few hours on our country exchange 'upbit'. A little fomo is coming. I can't believe it's gone up more than a months I've invested in bitcoin. I personally don't want to invest in other coins, as I think bitcoin is superior.
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?
You are not mistaken that bitcoin is indeed superior to altcoins or cryptocurrencies in this industry field. Also, it is not too late for people who are interested in investing in Bitcoin because it is already proven and tested in long-term holdings in the crypto space.
So start doing dca here too before it's too late for you. Don't be like others who think that when it's too expensive, you can think about buying bitcoin, which for me is too late to make that decision.
If you have a lot of money, then you should invest in btc. Because btc is the first digital crypto currency in the crypto world. But in my way, I invest as like btc 60%, eth 10%, bnb 3%, shib inu 10%, waves 7% and also buy 10% of under rated crypto currencies like doge, pepe, floki etc. But it's your money, so you learn and analysis and invest in your knowledge.
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?
Trust and patience are crucial if you're going to invest in Bitcoin. That's how you can bear to continue holding and not be tempted to sell until the price reached your desired price to take profit. But of course you need to dig deeper first to know what you're getting into. If you already gain knowledge then have plan on how you would like to accumulate Bitcoin. On the other side DCA strategy is good since you don't have to mind the price before buying and it's best for long term gains. I'm a 19-year-old boy living in South Korea and now btt, doge, shiba inu, etc.. have skyrocketed in just a few hours on our country exchange 'upbit'. A little fomo is coming. I can't believe it's gone up more than a months I've invested in bitcoin. I personally don't want to invest in other coins, as I think bitcoin is superior.
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?
It's understandable to feel FOMO amidst the surges in altcoins. Your commitment to Bitcoin is commendable; it's essential to stay focused. Adopt a long-term mindset, recognizing the unique strengths of Bitcoin. Diversification is a personal choice; if you believe in Bitcoin's superiority, stick to your conviction. For a DCA strategy, set a budget you're comfortable with, perhaps a percentage of your income. Regularly invest regardless of short-term fluctuations, ensuring discipline in your approach. Keep informed about market trends, but remember, your plan should align with your goals and risk tolerance. 🚀💡
You seem to know a lot about Bitcoin and cryptocurrencies for a 19 year old!
Anyway, don't worry as long as you ask, "How should I plan my DCA strategy?" This means that you know very well what to do.
Are you surprised he knows about Bitcoin for a 19-year-old? bitcoin is not invincible anymore a lot of people have adopted it and majorities are the young ones. He is above 18, in my country he is up to the age to make decisions for himself. So if he is interested in bitcoin and doesn't want to leave it. I think what he needs is advice and financials support from whoever he can ask from.Anyway, don't worry as long as you ask, "How should I plan my DCA strategy?" This means that you know very well what to do.
You seem to know a lot about Bitcoin and cryptocurrencies for a 19 year old!
Anyway, don't worry as long as you ask, "How should I plan my DCA strategy?" This means that you know very well what to do.
Are you surprised he knows about Bitcoin for a 19-year-old? bitcoin is not invincible anymore a lot of people have adopted it and majorities are the young ones. He is above 18, in my country he is up to the age to make decisions for himself. So if he is interested in bitcoin and doesn't want to leave it. I think what he needs is advice and financials support from whoever he can ask from. Anyway, don't worry as long as you ask, "How should I plan my DCA strategy?" This means that you know very well what to do.
Planning your DCA strategy is simple and straightforward. First you have to decide how frequently, second, you’ll decide the amount you want to be investing, and lastly you’ll decide the duration of this investment plan. These three steps will help you create your strategy by yourself and you’ll be able to select what fits you maybe based on your job type or your investment goal. Also, don’t let FOMO drive you into investment. Do it because you see something in what you’re investing.
It is very simple to collect Bitcoin using the DCA method, but if we don't have a fixed income we have to be able to work hard to be able to buy Bitcoin using the DCA method and for those who have a fixed income I think this will be easier, if we can collecting them consistently, I think we will easily achieve the investment goals we have set.
I'm a 19-year-old boy living in South Korea and now btt, doge, shiba inu, etc.. have skyrocketed in just a few hours on our country exchange 'upbit'. A little fomo is coming. I can't believe it's gone up more than a months I've invested in bitcoin. I personally don't want to invest in other coins, as I think bitcoin is superior.
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?
At the end is all about the amount of money that you can afford to risk and, eventually, lose. Bitcoin has a big capitalization so it requires a lot of fresh money to go up while altcoins, on the other hand, having way smaller capitalizations (excluding the main ones) are easier to move. The problem is that you have no way to know if someone with huge quantities is going to dump them all together, and the price will go down a lot. If you want to take a small risk on the altcoins anyway this could be a good timing, there is a good possibility for an incoming alt season. Just don't forget that the main goal at the end is to have bitcoin. What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?
You seem to know a lot about Bitcoin and cryptocurrencies for a 19 year old!
Anyway, don't worry as long as you ask, "How should I plan my DCA strategy?" This means that you know very well what to do.
Anyway, don't worry as long as you ask, "How should I plan my DCA strategy?" This means that you know very well what to do.
I'm a 19-year-old boy living in South Korea and now btt, doge, shiba inu, etc.. have skyrocketed in just a few hours on our country exchange 'upbit'. A little fomo is coming. I can't believe it's gone up more than a months I've invested in bitcoin. I personally don't want to invest in other coins, as I think bitcoin is superior.
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?
What will be termed as a Bitcoin maxi is what your OP just captured. However, everyone has his or her preferences.
To DCA into Bitcoin has to do with the amount you intend to spend on buying Bitcoin over a period of time, consider spreading it across weeks or even months, depending on what you feel comfortable with, but ensure you keep it constant and tight.
But you might want to start expanding your knowledge about other altcoins also, it will help.
Planning your DCA strategy is simple and straightforward. First you have to decide how frequently, second, you’ll decide the amount you want to be investing, and lastly you’ll decide the duration of this investment plan. These three steps will help you create your strategy by yourself and you’ll be able to select what fits you maybe based on your job type or your investment goal. Also, don’t let FOMO drive you into investment. Do it because you see something in what you’re investing.
It is very simple to collect Bitcoin using the DCA method, but if we don't have a fixed income we have to be able to work hard to be able to buy Bitcoin using the DCA method and for those who have a fixed income I think this will be easier, if we can collecting them consistently, I think we will easily achieve the investment goals we have set.
Planning your DCA strategy is simple and straightforward. First you have to decide how frequently, second, you’ll decide the amount you want to be investing, and lastly you’ll decide the duration of this investment plan. These three steps will help you create your strategy by yourself and you’ll be able to select what fits you maybe based on your job type or your investment goal. Also, don’t let FOMO drive you into investment. Do it because you see something in what you’re investing.
Some people said Bitcoin price is too high, altcoins can give better profit in 2014. Some people said Bitcoin price is too high, we better buy Litecoin in 2016. It always happens. In the end it turns out that the Bitcoin price is not too high, it can go much higher.
When we said Bitcoin would be 10k dollars, some people laughed and didn't believe it at all. Now they wish it would fall to 10k dollars and they would buy it. If you look at things over a longer period of time, not from today to tomorrow, you will see that even the smallest investment you make in Bitcoin has a very good return over time. Don't lose hope and save every satoshi you can.
When we said Bitcoin would be 10k dollars, some people laughed and didn't believe it at all. Now they wish it would fall to 10k dollars and they would buy it. If you look at things over a longer period of time, not from today to tomorrow, you will see that even the smallest investment you make in Bitcoin has a very good return over time. Don't lose hope and save every satoshi you can.
I'm a 19-year-old boy living in South Korea and now btt, doge, shiba inu, etc.. have skyrocketed in just a few hours on our country exchange 'upbit'. A little fomo is coming. I can't believe it's gone up more than a months I've invested in bitcoin. I personally don't want to invest in other coins, as I think bitcoin is superior.
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?
You don't have to choose between them if you think both of them are promising. Just continue to invest but put the highest allocation for bitcoin because it will certainly give you guaranteed profits in the end. With those meme coins you mentioned, I don't have issues with them but they are only good for short term, so make sure to have the best timing to sell them, otherwise once you're late, you'll end up selling at loss. That's the risk investing in altcoins as you can't assure profitability with long term hodling as they are only good for short term profitability.What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?
If you don't want to leave btc, then don't. Being profitable with altcoins does not mean that you have to chose between them and leave btc for good. That's a wrong mindset. You can be both profitable with them as long as you know how to timing buying and selling them for profits.
Let me tell you one thing first, you don't specifically need to stay invested only in Bitcoin to get profits and you can always have a diverse portfolio, having both Bitcoin and altcoins, all you need to make sure of is that the altcoins you are investing in are trusted and good ones so that you don't regret splitting your investment for them. It's always a better practice to not put all your eggs in one basket as that makes you have more opportunities to gain higher profits.
You don't diversify just for the sake of it. As much as I agree with diversifying the types of investments (crypto, stocks, bonds, gold etc), for the crypto itself, it's not like the more diversity the better. We've seen pretty significant changes in the top 10 or top 20 over the years, with many of the top coins dropping massively below the top 100 or simply dying. You can see some historical snapshots here: https://coinmarketcap.com/historical/
Let me tell you one thing first, you don't specifically need to stay invested only in Bitcoin to get profits and you can always have a diverse portfolio, having both Bitcoin and altcoins, all you need to make sure of is that the altcoins you are investing in are trusted and good ones so that you don't regret splitting your investment for them. It's always a better practice to not put all your eggs in one basket as that makes you have more opportunities to gain higher profits.
That being said, it is not difficult to do DCA even if Bitcoin or the overall market has appreciated pretty much, you can always start buying with a small portion of your capital and just make sure that you are keeping a record of how much you are buying and at what price so that you can sell them based on that once the market goes down and comes back up later on.
That being said, it is not difficult to do DCA even if Bitcoin or the overall market has appreciated pretty much, you can always start buying with a small portion of your capital and just make sure that you are keeping a record of how much you are buying and at what price so that you can sell them based on that once the market goes down and comes back up later on.
I personally don't want to invest in other coins, as I think bitcoin is superior.
What kind of mindset should I have to stay in Bitcoin?
Yeah it superior because it's a coin leading all, and it capable of everlasting investment I'd rather go for it if I am to make an extended period investment, Since i don't have personal interest on others. What kind of mindset should I have to stay in Bitcoin?
I say go for it my dude and actually explore your options beyond bitcoin. Bitcoin is king but that doesn't mean you can't make bank on other cryptocurrencies on the market. Explore your options, conduct researches to find out which crypto works best for you and which ones don't. I reckon you're still at the earliest stages of your crypto so you're a little wary about which to invest which is good and natural. But I suggest you pick up your pace if you want to get into the boat soon as the bull run arrives which might be closer than we'd expect. Anywho, no pressure, don't let this distract you from the fact that you're on the right track as a crypto investor. Keep at it and you're bound for greater things, trust me on that one bud.
You already mentioned in your thread that you have been following DCA, which is a good strategy for me. I believe you already have a good profit if you invested a month ago. You are the one who could help me not leave Bitcoin. We could just encourage you; we can't force you, BTW. However, you already saw the power of Bitcoin, and you are one of its beneficiaries. So more good days are coming for Bitcoin. We are on a bull trend now and have the possibility of breaking previous ATHs if Bitcoin ETFs get approved by the SEC. This is enough for now to not leave Bitcoin. Who is already in Bitcoin I don't feel he should ever leave it.
Jump to: