If You Bought Bitcoin Each Week in 2019, You’d Be up 49% - page 4.

Youghoor

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Quote from: cheezcarls on November 26, 2019, 12:07:58 AM

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.

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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.

This assumption is really ambiguous considering that you claim that the outcome will be up to 49%. Looking at the market value of bitcoin throughout the year 2019, the highest market value was $12k+ and it dropped to almost $5k. Buying bitcoin at $12k and later at $7k, the value of the initial amount you bought at $12k will be worth less. Considering the checks and balances for the price changes, you might just not make anything.

bohr

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Quote from: scambust on December 25, 2019, 01:54:13 PM

In my case though, I bought half of my Bitcoin stack during August and October 2018 and then the other half when it bottomed out in December 2018, that places my average buys around $6,200. So right now I'm only up 15%.

I know the way you feel because something similar is happening to me but you need to understand this, if you have any profits at the moment then you are in a better position than 90% of the investors in this market and that is not a small thing, that means that what you are doing is working and it is effective you just need to give it more time to see the profits you are looking for, this is difficult of course in a market like this which is so volatile but it must be done if we really want those profits.

Spaffin

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Quote from: karanggatak on December 27, 2019, 04:08:48 AM

yes of course we will get a big profit if since the beginning of this year bought bitcoin. At the beginning of 2019 the price of bitcoin was in the range of $ 3000 - $ 4000 and then experienced a high increase in the middle of the year to $ 13,000.
but unfortunately not everyone has the money to be able to add or buy bitcoin every week. so I only buy bitcoin when prices are low and when I have money.

You are absolutely right, but if we are talking about small amounts, then such funds can still be found in order to buy a small amount of bitcoin at least every month. In reality, since the end of 2018, a cryptocurrency user has been buying Bitcoin from $ 3,000, until today his condition has increased significantly, because even today, the price of $ 7,000 brings good profit to this user who invested in Bitcoin earlier this year. Actually, it’s a very profitable strategy when you buy a coin every month in order to minimize the risks of losses from price fluctuations.

karanggatak

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yes of course we will get a big profit if since the beginning of this year bought bitcoin. At the beginning of 2019 the price of bitcoin was in the range of $ 3000 - $ 4000 and then experienced a high increase in the middle of the year to $ 13,000.
but unfortunately not everyone has the money to be able to add or buy bitcoin every week. so I only buy bitcoin when prices are low and when I have money.

kotik085

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The calculated profit is more than 50% and more. If I bought Bitcoin earlier, today, after storing Bitcoin in a cryptocurrency wallet, I was profitable. This is a fact, and Bitcoin makes a profit.

The Sceptical Chymist

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Quote from: cheezcarls on November 26, 2019, 12:07:58 AM

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.

I'd have to trust the math being done, since I haven't done it myself but it sounds about right. This year has felt weird, more bearish than bullish, but that actually hasn't been the case. There's a disconnect in my mind that I suppose is there because bitcoin actually hit the $13k mark in the summer and then crashed. But I think in January the price was around $3200, so if you just look at the beginning and end of year prices, it's done very well.

And it's too bad I wasn't able to buy some bitcoin every month, but disposable funds have been tight. Dollar cost averaging is pretty smart investing in general, and hopefully there are some folks who do it with bitcoin. Anyway. Here's to an even better year in 2020.

scambust

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Quote from: Boov on December 25, 2019, 04:14:45 PM

Quote from: jarhed on December 20, 2019, 12:53:39 PM

If you ask me, it's a very stupid idea to buy Bitcoin every week, it's better to wait for the bottom of the price and already invest then just to follow the price of Bitcoin and wait for much more profit.

I think its not, but some things I agree with you, when you bought bitcoin last year you bought it as $3000 and now it is $7500. You may double it in about a year only, also I did not agree on every week because as what we can see it keeps on decreasin and increasing .

It's called dollar cost averaging but you still need some timing to maximize it. Also, calming down is the last thing non-pro traders will do, lol. When they see the price crashing, it is hard to let go the image that you're losing money but in fact, you already gained a lot from $3,000.

Boov

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Quote from: jarhed on December 20, 2019, 12:53:39 PM

If you ask me, it's a very stupid idea to buy Bitcoin every week, it's better to wait for the bottom of the price and already invest then just to follow the price of Bitcoin and wait for much more profit.

I think its not, but some things I agree with you, when you bought bitcoin last year you bought it as $3000 and now it is $7500. You may double it in about a year only, also I did not agree on every week because as what we can see it keeps on decreasin and increasing .

Bagaji

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Quote from: cheezcarls on November 26, 2019, 12:07:58 AM

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.

Analysing past events usually look good and I wonder why many of you guys can't analyse the future same way. A good analysts should be able to forecast the future and later remind his readers on how s/he was able to achieve s/he expected target and not just to come up past events that will make feeling bad of not taking such decision.

DaveWave

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I actually do not know the point here. So what if you started buying weekly last 2018? Or we start buying last 2017. Anyway, I am just happy that bitcoin in 2019 is gaining compared to last year. Hoping for a better 2020 which is most likely to happen.

scambust

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In my case though, I bought half of my Bitcoin stack during August and October 2018 and then the other half when it bottomed out in December 2018, that places my average buys around $6,200. So right now I'm only up 15%.

bohr

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Quote from: shield132 on December 19, 2019, 02:37:09 PM

Oh I hate such statistics mostly because that makes me a little bit sad. Btw that happened because mostly price was very low for in 2019, as low as 3K. But you know what's good? I bought bitcoin when price was 4K and profited well, sold when it hit to 13K and bought again much more when it was 9k, now all I am doing is to hold for some months, I hope halving will increase price and I'll gain solid profit. Btw I got 300% profit that is better than 50% that is still a lot riskier to my mind to buy bitcoin every week, I prefer to catch best moments rather than every moment.

While it is definitely nice that you obtained those kind of profits you timed the market almost perfectly and you cannot expect that everyone is as skilled or as lucky as you were, so it is obvious that your profits are going to be better than what most people experimented, however if you take this into perspective the strategy that is being proposed could have offered 49% in profits which is many times higher than whatever you could get in the stock market and that is very impressive for such a simple strategy.

imstillthebest

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Quote from: jarhed on December 20, 2019, 12:53:39 PM

If you ask me, it's a very stupid idea to buy Bitcoin every week,

not stupid if you have a money to buy and if the price is decreasing every week but that is a smart move to do as an investor .

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it's better to wait for the bottom of the price....

what buttom ? someone tell you if what is the bottom of btc price ? they are only liars because the truth is that no one knows if what is the real bottom of btc is .

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Re: If You Bought Bitcoin Each Week in 2019, You’d Be up 49%

btc in 2019 is not bad , i mean its price isnt that bad . there are months and weeks that it was high , so buying it wont really be that good enough

jarhed

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If you ask me, it's a very stupid idea to buy Bitcoin every week, it's better to wait for the bottom of the price and already invest then just to follow the price of Bitcoin and wait for much more profit.

Eugenar

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Quote from: FaithInCrypto on December 19, 2019, 05:16:19 PM

I feel you. If only we're rich enough to buy it weekly or at least twice a week I think it is really a good investment to do for a year.
For the meantime, I am one of those people who will track the Bitcoin price from last year up to the next years Grin

For me, achieving that kind of goal equalizes our winnings and losses in the market. What that means is that, when we buy in a week, we buy what is high and at the same time we could also buy the lows, with this, you can't say that you lose because your investment is diversified in a week when it losses and wins at the same time.

I do really think it helps us achieve the peace of mind on our investment into thinking that we aren't losing but in the end, it feels like we just save money in crypto but the fact is it already returns investments and profits.

FaithInCrypto

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Quote from: cheezcarls on November 26, 2019, 12:07:58 AM

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.

I feel you. If only we're rich enough to buy it weekly or at least twice a week I think it is really a good investment to do for a year.
For the meantime, I am one of those people who will track the Bitcoin price from last year up to the next years Grin

shield132

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Oh I hate such statistics mostly because that makes me a little bit sad. Btw that happened because mostly price was very low for in 2019, as low as 3K. But you know what's good? I bought bitcoin when price was 4K and profited well, sold when it hit to 13K and bought again much more when it was 9k, now all I am doing is to hold for some months, I hope halving will increase price and I'll gain solid profit. Btw I got 300% profit that is better than 50% that is still a lot riskier to my mind to buy bitcoin every week, I prefer to catch best moments rather than every moment.

Maotezi

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I agree and recommend a lot as you do, but not 2 weeks, I would be convinced in 3-4 months, maybe someone is disappointed, but the time is best for bitcoin.
when you invest money, you are investing not only money, but also time, patience, mental stamina, mentality ...
If you are ready for such an adventure then this time period is perfect, get your bitcoin.

bohr

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Quote from: ereborltc on December 16, 2019, 05:50:27 AM

I will use Bitcoin as a channel to buy other altcoins, but I will not hoard Bitcoin in large quantities. The economic benefits brought by altcoins are greater, but the risks are also great.

On average most altcoins have not brought any kind of economic benefit during the last two years, it is true that we saw a recovery during this year but compared to the growth that bitcoin went through altcoins lost ground against bitcoin, even as we speak bitcoin has a dominance of 68.5% which basically means that for every 10 dollars invested in this market almost 7 are invested in bitcoin, why take the risk of investing in altcoins when we have a coin that is so dominant and so much better than the rest of the coins.

ereborltc

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I will use Bitcoin as a channel to buy other altcoins, but I will not hoard Bitcoin in large quantities. The economic benefits brought by altcoins are greater, but the risks are also great.

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