Topic: If you are investing in bitcoin, you should make this investment. - page 2. (Read 615 times)

The volatile nature of BTC is nothing if you know how it works, its cycles, and that you would need to hold for years to be sure everything will be alright.
Otherwise, if you drop your portfolio due to shake-ups - it's not worth even starting.

Depending on the stocks you invest in, there are many stocks that offer significant returns, especially when it comes to technology stocks in the US market. But the barrier is that not everyone can access the US stock market while bitcoin is the complete opposite, anyone can access bitcoin with any amount of capital they have.
Additionally, the volatility and uncertainty of bitcoin makes it a riskier asset, so not everyone has the courage to invest a large amount of money for 8 years. It sounds simple but investing in bitcoin 8 years ago was a big challenge for many people, including us.

..That is if a person in question won't drop his bags off in the time of need.
So it all should be done with risks managed properly  - otherwise, it may not work out the way intended.
If you have a stable job already - there is nothing wrong with just piling funds up to see your portfolio boon.

8 years to earn almost 900%, that's a good deal for investment.

If you invest in debt securities, mutual funds etc, mostly they said you will double your money every 7 years, so definitely Bitcoin won over these assets.

Depends on your jobs.

If you're an entrepreneur, investing in your own business could be more profitable, not to mention business is already high risk. You might earn this month, but in the next six month you didn't earn anything.

This is different if you're work in 9 to 5 jobs, you have nothing to worry.

In as much as it's reasonable to risk what you can afford to lose, it's more profitable if you risk high and it pays for you. Investment of $100 turn $800 after eight years of investment is actually not encouraging or considered profitable. Imagine you invested with huge capital and imagine your profit too.

By the way, I'm not saying you should go hard with your investment but you can use the same strategy used by the person in Op post. You can continue adding to your portfolio during the period of your investment. The more you increase your portfolio, the more percentage your asset grows. Even with a start up of $100, you'll be shocked to see your worth if you were still buying to increase your portfolio within that eight years.

With BTC, any amount is a good amount.
But if you have a sum to not lie around and be steady for you, then of course - you can make something out of it and put it to use for the time to come. Managing the risks properly, that is.

I think he just forgot about it for the time being because, let's face it, if the money you put into the investment is either not that big or you believe in them being safe all day and night - you probably won't think about them so often.
Of course, it's easier said than done, however, we all can try it and lock onto our BTC for the decades to come, to become one of the winners of the cycles that change themselves.

Yes, you are right, but when I saw it, I was surprised. I liked that he is trying to maintain it and investing regularly. If you retain DCA and invest, such investments should be made, and he is doing that regularly.

Of course, I have provided all the links that need to be provided. I needed clarification on which one was left here. What are you going to talk about? I have made what I said clear and provided all the sources.

If someone has general knowledge about cryptocurrency, then they should continue to invest in Bitcoin, no matter what the amount is. If someone wants to buy Bitcoin, they should buy it like this. I also think that it is best and easier to invest in Bitcoin than trading. What we understand from this is that the person is on the right track, no matter what, he is moving forward with the investment trend.

Yes, I was also thinking about the questions you are thinking of asking him. How did he maintain these in a disciplined manner? I would like to know something about his journey from him.

But yes, it is true that he had a good source of income to continue this trend for his investments, which is why he was able to continue this trend nicely. If it was not for his income, he would not have been able to continue this trend, but he should definitely be thanked. He has maintained this journey very nicely and is moving forward. We have a lot to learn from him.

You are right. This is what you should choose to invest in. There is no specific amount to select. You can invest as much as you can according to your convenience. If you continue the investment trend and think long-term, you can expect something good.

If you have a stable income and are eager to get into DCA - nobody would stop you from getting yourself into its boons as times goes on.
With the self-discipline for it - you can just see your assets basically become more valued with not a single nerve spent on it.
That's one of the beauties of BTC as an investment.

Profit into profit to make more profit. That's the spirit of the investor and enthusiast.
Simple truth about investing in BTC (not about itself, though, and we should remember for what it was created nevertheless).

I have said it before now that anyone that invest in Bitcoin now and holds it for the next 10 years will be in profit. According the historic price of BTC, it has always breakthrough all time highs after every halving or bull season. Being able to achieve this kind of success is mostly when investors have other sources of income which they use their profit to invest into Bitcoin.

Very good story shared, actually DCA method is the best method to buy bitcoin. I came across a story a few days ago, where someone invested in the DCA method and made his investment huge. Now in this story I see that he worked hard which may not be possible for everyone, he invested in DCA system for 8 years which is not possible for many. However, those who have already invested in the DCA method are now in huge profits. Yes, investing in Bitcoin with DCA method is definitely profitable. So from this kind of stories we understand that if you invest in DCA method for a long time you can definitely become a successful investor. However, even though I invested a small amount in the DCA method, I am also in a lot of profit. I will continue to try to invest in DCA method for another 4-5 years. Hopefully my investment amount will be bigger at some point.

He must be someone who loves and believes in Bitcoin. The 8-year investment process that was carried out was not easy. We can see the situation of Bitcoin prices going up and down repeatedly. Even when the price of Bitcoin experienced a very deep decline, he did not budge to hold the Bitcoin he owned.

Very inspiring and will be a motivation for anyone who has to invest for a long time. I once sold my Bitcoin for urgent needs, but it did interfere with my plan to hold it longer. But he is extraordinary by holding Bitcoin for a long time, and maybe even longer in the future. How could he not be tempted to sell with such a big profit?

Thank you for sharing this with us. This is the perfect example of an investor who has been doing DCA for a long time.
The truth is that you and I will not get the same result. They invested right from the beginning, and we are here after a decade. I know we can still invest, but we will not get a 10x profit from Bitcoin in the next seven or eight years. At least, that is what I feel. I will be very happy if I am proven wrong in the future. Still, I wouldn't ask you not to invest. It's not too late yet. You can continue to invest, and I am sure you will get a good result. But if you expect something big like the early investors, you may be disappointed.

If someone holds Bitcoin for a long time, then at some point he will definitely see a large portfolio as you mentioned here. There are many investors among us who are not willing to hold Bitcoin despite having money. They fail to hold for a long time. But those who hold Bitcoin patiently, especially who are connected to DCA, are definitely the most profitable in the bullish movement of Bitcoin.

Bitcoin is a reliable platform for long-term investment where many may not be enthusiastic about investing in Bitcoin in the beginning, but when Bitcoin is in its bullish movement, everyone has a special eye on Bitcoin. Last year at this time the price of Bitcoin was around $37,000 and in just one year, that price has increased by almost 2 times. Those who did not invest at that time are definitely regretting seeing the current Bitcoin price. It will be difficult for an investor to make a quick profit by investing in Bitcoin, but he will definitely move towards profit gradually.

With what bitcoin has shown in the past 16 years, everyone knows that long-term investment will bring huge profits, but most people, including us cannot do it. It's not wrong to say that most people just want to get rich quickly, but there's nothing wrong with that either because not everyone has a steady source of income or enough free money to be able to DCA and hold for a long time like this guy.

I guess he has a job with a steady income but who among us achieves this? It sounds easy and we often criticize others but what about us? Can we hold for the long term or are we also looking to get rich quick from bitcoin?

Most of us have been accumulating bitcoin for the past 3 years and I bet most of us will sell bitcoin during this bull season, I don't believe anyone can resist the temptation when bitcoin crosses $100k. We all know that if we can hold out until the next bull run, we will make more profit but life doesn't allow us to do that.

We use our own way to invest in Bitcoin but we have the same thing by using DCA methods. But yes, we can learn from other people's experience for investing in Bitcoin so we can know what type that we can do. The thing is not many people start invest in Bitcoin using the money that they allocate to invest in Bitcoin but they just follow what other people do.

He really aware the benefits of Bitcoin and start invested in Bitcoin from a long time ago. While other people busy with their work and not doing preparation for their future, he constantly invest in Bitcoin.

We should remember that we still have time to continue investing in Bitcoin. What we need to concern is constantly buying Bitcoin and hold it for some years. Even if we are close to the bull run, we can still hold for some amount of Bitcoin and when the price reach the new ATH, we can sell it and wait for the bearish time to buy back Bitcoin.

You can use some calculators for DCA and use different Purchase amount and Purchase repeat time for your DCA.

Use this website https://dcabtc.com/

I make an example with $10 weekly DCA, and DCA for 8 years.
https://dcabtc.com?sd=2016-11-25&sda=8_years&f=weekly&d=8_years&ac=1000&c=false

Results from $10 weekly DCA, in 8 years, are like this.
Total invested: $4,180
Total value: $40,038
Percent change: 857.85%

I understood the power and helpfulness of DCA, months ago I created my topic on DCA too.
Dollar Cost Averaging with costavg.com include exchange fee

This https://costavg.com/ is more helpful than a first website, because it has extra information like Profit, Profit % for your different DCAs investments.

Isn't this always the case of investments? Long term investments that starts at the earlier stage always comes a great result especially to investing to an asset that could reach higher and higher for almost every year. If you think about it, it's not actually risky having daily thought investment for 30 bucks.

Yeah.. bitcoin is a long term investment but most people sees it as a get rich quick scheme and want to become rich immediately they are into bitcoin, which doesn't work that way. Although most times it is caused by wrong speculation and listening to some so called social media influencers . After which without doing proper research they dive into it and start thinking of gain after which they regret. I will say people should do their own research properly before investing o avoid being misleeded. Yeah building good starsh requires patience and dedication.