Topic: If You Bought Bitcoin Each Week in 2019, You’d Be up 49% - page 3. (Read 1800 times)
It doesn't matter buying bitcoin each week or monthly, make sure that you buy when the price is low and sell them at the highest price. if you hold bitcoin as a long term, the scenario might be different, buy as much as you can no matter what the price and store them in the safest wallet. I myself do short-term trading and always buy when the price drop, so not weekly or monthly as long as there's a chance I will buy them, the point is buying low and selling high, that's all.
Buying regularly at set time intervals is usually a good idea for plenty of people and applies the concept of dollar cost averaging. For those who got in at ATH in 2018, they can still DCA the entire year of 2019 up to now 2020 and still come out positive later on.
Agree, especially those people who bought crypto during the first month of 2019 and they sold it last December then they really have a great profit on it. Anyway, if we will buy crypto today, let's see and analyze first if are we going to hold for a couple of month or a year before cashing out. Let's make ourselves ready first before we proceed to buy.
It all depends on each person. Because everyone is certainly different related to finance. My own example, I can not do that (buy every week) because my finances are very minimal. And usually I can't hold long for not cashing it, always just pouring it. In contrast to people who can resist not pouring it, they might be able to look at their statistics.
if you would have bought bitcoin in June 2019 and held it until now...
you would still have the very same bitcoin.
Stop looking at Bitcoin as a FIAT amount.
DOLLAR COST AVERAGING - buying at any and every price will create
an average cost, i have bought at $12k, $10k and all the way as low as
$6500 in 2019.
https://www.google.com/amp/s/investinganswers.com/dictionary/d/dollar-cost-averaging%3famp
I am looking at bitcoins VALUE as an investment. Fiat is pretty stable, but anyway you look at it, FIAT US Dollars, Gold, Rent, Food, or anything else you buy, you have to value bitcoin in what you can purchase with it. A bitcoin in itself has ZERO use or value beyond what you can convert it into.
FACT: If you purchased bitcoin starting in JUNE 2019 and dollar averaged it, you would have lost almost half your money 😣😣😣
Cherry picking the perfect date and price in the past, and then saying this is a reason to buy now is utterly dishonest, useless, and deceptive. The only thing that matters for those holding or purchasing now is how much bitcoin will go up or down from TODAY.
Hard Facts
FACT: If you bought Bitcoin in June 2019 and still have it you havent lost anything.
you only loose if you: buy high and sell low
Agree, especially those people who bought crypto during the first month of 2019 and they sold it last December then they really have a great profit on it. Anyway, if we will buy crypto today, let's see and analyze first if are we going to hold for a couple of month or a year before cashing out. Let's make ourselves ready first before we proceed to buy.
if you would have bought bitcoin in June 2019 and held it until now...
you would still have the very same bitcoin.
Stop looking at Bitcoin as a FIAT amount.
DOLLAR COST AVERAGING - buying at any and every price will create
an average cost, i have bought at $12k, $10k and all the way as low as
$6500 in 2019.
https://www.google.com/amp/s/investinganswers.com/dictionary/d/dollar-cost-averaging%3famp
I am looking at bitcoins VALUE as an investment. Fiat is pretty stable, but anyway you look at it, FIAT US Dollars, Gold, Rent, Food, or anything else you buy, you have to value bitcoin in what you can purchase with it. A bitcoin in itself has ZERO use or value beyond what you can convert it into.
FACT: If you purchased bitcoin starting in JUNE 2019 and dollar averaged it, you would have lost almost half your money 😣😣😣
Cherry picking the perfect date and price in the past, and then saying this is a reason to buy now is utterly dishonest, useless, and deceptive. The only thing that matters for those holding or purchasing now is how much bitcoin will go up or down from TODAY.
Hard Facts
FACT: If you bought Bitcoin in June 2019 and still have it you havent lost anything.
you only loose if you: buy high and sell low
you have created a 6 month window to create an average, if you buy more in the
dips you create a lower average.
if you would have bought bitcoin in June 2019 and held it until now...
you would still have the very same bitcoin.
Stop looking at Bitcoin as a FIAT amount.
DOLLAR COST AVERAGING - buying at any and every price will create
an average cost, i have bought at $12k, $10k and all the way as low as
$6500 in 2019.
https://www.google.com/amp/s/investinganswers.com/dictionary/d/dollar-cost-averaging%3famp
I am looking at bitcoins VALUE as an investment. Fiat is pretty stable, but anyway you look at it, FIAT US Dollars, Gold, Rent, Food, or anything else you buy, you have to value bitcoin in what you can purchase with it. A bitcoin in itself has ZERO use or value beyond what you can convert it into.
FACT: If you purchased bitcoin starting in JUNE 2019 and dollar averaged it, you would have lost almost half your money 😣😣😣
Cherry picking the perfect date and price in the past, and then saying this is a reason to buy now is utterly dishonest, useless, and deceptive. The only thing that matters for those holding or purchasing now is how much bitcoin will go up or down from TODAY.
Hard Facts
In cryptocurrency, bitcoin is the one suitable for a long term investment, and many people now are still buying this coin even it takes a long time before they will get their profit. As a trader, we must keep updated what is happening in the market to be aware when is the right time to buy and sell our coin. One of the excellent trading technique is to buy bitcoin when the price is low. From the previous year, the bitcoin price goes up for over 14 thousand dollars, and it is enormous in the middle of the month of 2019, but before the year ends, the cost of the bitcoin slowly going down. Then this is the excellent opportunity for investment.
if you would have bought bitcoin in June 2019 and held it until now...
you would still have the very same bitcoin.
Stop looking at Bitcoin as a FIAT amount.
DOLLAR COST AVERAGING - buying at any and every price will create
an average cost, i have bought at $12k, $10k and all the way as low as
$6500 in 2019.
https://www.google.com/amp/s/investinganswers.com/dictionary/d/dollar-cost-averaging%3famp
I am looking at bitcoins VALUE as an investment. Fiat is pretty stable, but anyway you look at it, FIAT US Dollars, Gold, Rent, Food, or anything else you buy, you have to value bitcoin in what you can purchase with it. A bitcoin in itself has ZERO use or value beyond what you can convert it into.
FACT: If you purchased bitcoin starting in JUNE 2019 and dollar averaged it, you would have lost almost half your money 😣😣😣
Cherry picking the perfect date and price in the past, and then saying this is a reason to buy now is utterly dishonest, useless, and deceptive. The only thing that matters for those holding or purchasing now is how much bitcoin will go up or down from TODAY.
Hard Facts
Buying Bitcoin weekly? That was a tough idea and knowing that in the 3rd quarter last year w we soar high but sadly it drops at the start of the 4th quarter.
And you'll buy that time, you still be losing until now. But the good thing if you bought bitcoins last January, that was really profiting and imagine how far is the price today, it is double already.
I'm a trader and not an investor so for me buying bitcoin every week is not a good idea. I have trading setups that I keep following so I will just buy if my bias happen. We cannot just buy bitcoin every week without proper charting and technical analysis. Before we buy a bitcoin, we should know how to read it charts for us to know the right time to enter and exit in the market. And you'll buy that time, you still be losing until now. But the good thing if you bought bitcoins last January, that was really profiting and imagine how far is the price today, it is double already.
That's the investment I want to make. I want to reach an economic power that can make continuous purchases. Decreasing the average is very important. Of course you need to have a sales plan. Bitcoin price is very moving.
If you would have averaged your Bitcoin buys weekly, you’d be up by almost 50% for the year—an impressive statistic that proves it is smart to spread out your buys.
Does averaging out your buys instead of going ‘all in’ make for a better strategy? With making large buys, it’s about timing the market. However, averaging out your Bitcoin buys over a longer period of time has brought great returns for investors this year.
Full news here
I honestly do not know what to say about this guys, but dang! If only I can afford buying Bitcoin every week and having guts of taking risks in this unpredictable market, for sure I would be in profits by now.
However, do you guys agree about this one? Up to this date, most of the market move are in favor of the bulls than the bears.
Even the bulls are pushing the price higher, the bears are not slowing down in pulling it back. We are still up by the way. From over $3k last January and now hovering around $7.2k after this year’s high of almost $14k.
I agree I don't usually buy bitcoin but I investing my bitcoin that I get weekly and seems like a lot of time it was going down but quickly going back up in the end.Does averaging out your buys instead of going ‘all in’ make for a better strategy? With making large buys, it’s about timing the market. However, averaging out your Bitcoin buys over a longer period of time has brought great returns for investors this year.
Full news here
I honestly do not know what to say about this guys, but dang! If only I can afford buying Bitcoin every week and having guts of taking risks in this unpredictable market, for sure I would be in profits by now.
However, do you guys agree about this one? Up to this date, most of the market move are in favor of the bulls than the bears.
Even the bulls are pushing the price higher, the bears are not slowing down in pulling it back. We are still up by the way. From over $3k last January and now hovering around $7.2k after this year’s high of almost $14k.
I think as long as you invest your bitcoin at a reasonable price in the market I think it will going to give you profit in bitcoin since the market price of bitcoin was so volatile
It was just hoped and trust, in my opinion, a lot of time people or investors are just getting hype up.
Buying Bitcoin weekly? That was a tough idea and knowing that in the 3rd quarter last year w we soar high but sadly it drops at the start of the 4th quarter.
And you'll buy that time, you still be losing until now. But the good thing if you bought bitcoins last January, that was really profiting and imagine how far is the price today, it is double already.
it seems that this can still be repeated this year. now is the beginning of 2020, if you buy from now every week, buy around 0.01 bitcoin, after halving, most likely the price will be higher, and you might get a profit of around hundreds of percent of the current price. isn't the current potential better than 2019? And you'll buy that time, you still be losing until now. But the good thing if you bought bitcoins last January, that was really profiting and imagine how far is the price today, it is double already.
OK... What about 2018? 2019 was a good year for Bitcoin and we can expect those who invested then to remain in green. But we always talk about the positive scenarios while ignoring the negative ones. I know a number of individuals who invested in Bitcoin, close to the ATH levels ($20,000 per coin). They are now stuck with their investment for more than two years, and worse still there is no hope of a recovery in the horizon. Earlier there was hope that the block reward halving would trigger another bull rally. But with the event only a few months away, the hopes for that are also fading away.
The bitcoin price movement is possible to change depending on the consumers demand and markets supply. Just a tip, buy bitcoin only if the price of it is low. After that, sell it when the price of it become high. With that idea, you will for surely gonna gain profit. That technique is what you call a buy low and sell high principle.
Buying Bitcoin weekly? That was a tough idea and knowing that in the 3rd quarter last year w we soar high but sadly it drops at the start of the 4th quarter.
And you'll buy that time, you still be losing until now. But the good thing if you bought bitcoins last January, that was really profiting and imagine how far is the price today, it is double already.
And you'll buy that time, you still be losing until now. But the good thing if you bought bitcoins last January, that was really profiting and imagine how far is the price today, it is double already.
If you would have averaged your Bitcoin buys weekly, you’d be up by almost 50% for the year—an impressive statistic that proves it is smart to spread out your buys.
Even the bulls are pushing the price higher, the bears are not slowing down in pulling it back. We are still up by the way. From over $3k last January and now hovering around $7.2k after this year’s high of almost $14k.
Even the bulls are pushing the price higher, the bears are not slowing down in pulling it back. We are still up by the way. From over $3k last January and now hovering around $7.2k after this year’s high of almost $14k.
IF YOU WOULD HAVE BOUGHT BITCOIN IN JUNE 2019, you would have LOST more than half your money 😭😭😭😭
VERY DISHONEST to cherry pick a date after the fact and try to say that means something is a good investment now. The only thing that matters is how will bitcoin purchased or held TODAY perform
?Hard Facts
if you would have bought bitcoin in June 2019 and held it until now...
you would still have the very same bitcoin.
Stop looking at Bitcoin as a FIAT amount.
DOLLAR COST AVERAGING - buying at any and every price will create
an average cost, i have bought at $12k, $10k and all the way as low as
$6500 in 2019.
https://www.google.com/amp/s/investinganswers.com/dictionary/d/dollar-cost-averaging%3famp
If you would have averaged your Bitcoin buys weekly, you’d be up by almost 50% for the year—an impressive statistic that proves it is smart to spread out your buys.
Even the bulls are pushing the price higher, the bears are not slowing down in pulling it back. We are still up by the way. From over $3k last January and now hovering around $7.2k after this year’s high of almost $14k.
Even the bulls are pushing the price higher, the bears are not slowing down in pulling it back. We are still up by the way. From over $3k last January and now hovering around $7.2k after this year’s high of almost $14k.
IF YOU WOULD HAVE BOUGHT BITCOIN IN JUNE 2019, you would have LOST more than half your money 😭😭😭😭
VERY DISHONEST to cherry pick a date after the fact and try to say that means something is a good investment now. The only thing that matters is how will bitcoin purchased or held TODAY perform
?Hard Facts
Buying bitcoin every week is a good strategy only if it's price remain at a low price for consecutive weeks or continuously decreasing. We all have our own strategy. What we think works best for us. But this strategy are for those who are financially stable and can afford to buy bitcoin every week. If only I could, then I would. But I already accept that I ain't rich like others who can buy bitcoin per week.
I agree that it is a good strategy and investing will become a habit. This strategy of investing will be easier because our money will be gradually invested (weekly) if we don't have a big amount to invest. While we are earning money from our daily job, we can use a portion to invest it. We can practice both saving and investing. Skill will be developed and we can use it if we are ready for bigger investment. 
Buying bitcoin every week is a good strategy only if it's price remain at a low price for consecutive weeks or continuously decreasing. We all have our own strategy. What we think works best for us. But this strategy are for those who are financially stable and can afford to buy bitcoin every week. If only I could, then I would. But I already accept that I ain't rich like others who can buy bitcoin per week.
It will definitely impact not just the buying perspective of the people towards bitcoin, but basically it could affect psychologically if we adhere to spread out our buying activity not just in a good market price but as well as to buy in times that bitcoin is quite low. Why? Because if we know we are buying with the high and low price, it makes us think that we just win and lost but with a balance on it. Even if the market falls a little bit, we know that we aren't losing because there are instances that we bought bitcoin at low market price in the first place.
Bitcoin sip seems to actually work, I have couple friends who are doing this and returns are far good than traditional investments, and even if market plummets, losses are minimal.
Jump to: