If You Bought Bitcoin Each Week in 2019, You’d Be up 49% - page 8.

bettercrypto

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Quote from: carlisle1 on November 26, 2019, 12:14:53 AM

not weekly but at least one or twice a month that i am purchasing.though there comes a time that i passed when there is a important expenses to prioritize.

about being UP?yeah and since from 2018 that i am purchasing?it is more than 50% .

It only works for those people who have stable job with a high salary or atleast, an excessive money that they don't necessarily need. There are many people here who are depending on bounties and faucets only. They don't have work nor monthly salary. That is why, it is for the sake of those who can buy bitcoin weekly.
However, your opinion is good for those who are financial stable. And it is better to lend our savings in bitcoin than bank.

GreatArkansas

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Quote from: vlasrodz on November 27, 2019, 01:06:26 PM

Quote from: GreatArkansas on November 26, 2019, 03:31:29 AM

This is also difficult, lot of people telling these kind of words, but some are difficult to apply because we have different thinking or perspection especially money involve.

Just for example if we are on bear market where there are lot of dumps, then there's a lot of people waiting first to reverse the market.
For me, they are right. Long term is better, don't get excited.

Sir, do not worry. At first is difficult, then it will be easier. More practise!

Precisely! That's how adoption works. Especially when history keep repeat itself and the market will become mature, and people will adopt it too especially those people who already aged on this field.
It's just like the ETF things recently, at first ETF events are very huge or important for them like they are expecting huge price movements but nowadays it's kinda not big thing at all.

nicecrypto

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If you don't have huge some to buy at once then i think buying bit at intervals is the best idea, i would prefer monthly rather than weekly though, at least if you can invest monthly whenever you have some leftover change from your paycheck will go along way, or buy at every dip whenever the opportunity presents itself.

Boov

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Quote from: BigBos on November 26, 2019, 12:21:55 PM

In fact, many people are guessing about this, some people even say that "if I go back to the first year bitcoin was launched, I would buy it in large quantities", or something like "if I could go back to 2016, I wouldn't sell the assets that I have. " however, if we look at the current conditions, we begin to think, and regret not buying bitcoin. many mistakes we have done in the past, and now is our time to fix them. in front of us, there will be halving, the same as in 2016/2017. so, the potential increase is I think quite the same.

Yes Indeed! But the thing is ,if you bought bitcoin each week since the very first month of this year I think you will lose some why? We can see that bitcoin price is not stable ,thats why sometimes we bought bitcoin in a high price than it was a month ago, sometimes it is good enough because the following month it dumps. Better to read the chart , read some news so that when the right time comes you will get it to the right price.

sovie

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Smart investors in equity trading always buy in chunks (to get a good average value). The same strategy is adopted by smart investors in the Crypto world. We don't know wt will be the lowest price a coin can go in red market, like BTC may go down to 5k, 4k before going up. So in my view, smart way is to start buying slowly when everyone is running away from buying.

vlasrodz

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Quote from: GreatArkansas on November 26, 2019, 03:31:29 AM

This is also difficult, lot of people telling these kind of words, but some are difficult to apply because we have different thinking or perspection especially money involve.

Just for example if we are on bear market where there are lot of dumps, then there's a lot of people waiting first to reverse the market.
For me, they are right. Long term is better, don't get excited.

Sir, do not worry. At first is difficult, then it will be easier. More practise!

fullhdpixel

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I don't really know for sure, but if you were buying when the price was $3000 and you are buying weekly till the time it got to $13k to $14k and then dropped back now, there will be some loss I guess or am I wrong about that? There is nothing wrong with buying it all at once, I guess the author was saying this for those that couldn't afford to buy the whole thing at once, so he was trying to say that if they were managing to invest a little money every week in Bitcoin they would be up by around 50%.

If you want to buy at once you will have to target what you are buying and make sure that you buy at the right time. Imagine those that bought at $3000 how much profit they will have by now? That's more than 300%?

seramania

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can not be ascertained will increase every week, in 2019 this is a year that can not be predicted for the price of crypto. so I think maybe there is no right time when it will increase, we are just waiting for the moment

nreal

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

Does averaging out your buys instead of going ‘all in’ make for a better strategy?

Looking at historical data in the past, the average buying price is almost profitable for investors. I think this is a method only applied to investors who have a positive assessment of the future of the market in the long term.

AmoreJaz

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Quote from: BigBos on November 26, 2019, 12:21:55 PM

In fact, many people are guessing about this, some people even say that "if I go back to the first year bitcoin was launched, I would buy it in large quantities", or something like "if I could go back to 2016, I wouldn't sell the assets that I have. " however, if we look at the current conditions, we begin to think, and regret not buying bitcoin. many mistakes we have done in the past, and now is our time to fix them. in front of us, there will be halving, the same as in 2016/2017. so, the potential increase is I think quite the same.

of course we tend to regret what we havent done. but believe me, if we did, we still regret because the consequences might be different from what we are expecting. human nature i call it!
crypto is a very high risk investment so you are ready to lose and win at the same time. so if you are buying, make amends to yourself that whatever it brings to you, you will accept your fate.

BigBos

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In fact, many people are guessing about this, some people even say that "if I go back to the first year bitcoin was launched, I would buy it in large quantities", or something like "if I could go back to 2016, I wouldn't sell the assets that I have. " however, if we look at the current conditions, we begin to think, and regret not buying bitcoin. many mistakes we have done in the past, and now is our time to fix them. in front of us, there will be halving, the same as in 2016/2017. so, the potential increase is I think quite the same.

BeManga

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Quote from: HardFacts on November 26, 2019, 09:04:15 AM

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.

That 49 % number will quickly go down as the price of Bitcoin continues to fall. Looking back at a price graph and saying you should have bought starting in XXX date is very dishonest and unrealistic, most people will never get the timing that perfect... Saying you should have started to purchase in January 2019, after looking at the price chart history is easy 🤣🤣🤣 If you had purchased a bitcoin per month starting in January 2018 you would not have made as much money, or maybe even lost money.

The only thing that matters is what to do NOW... Looking at the price charts, it appears that Bitcoin will be going down significantly. The risk of holding a large amount of bitcoin is HUGE being how fast the price can drop, and considering that Bitcoin has zero intrinsic value beyond what some greater fool will pay for it. No one is buying bitcoin for " value ", people buy bitcoin hoping that the price will go to the moon, and hoping that they will get rich. The day that Mania ends, the price of bitcoin will go lower than anyone ever thought possible.

Hard Facts

in my opinion, it's the opposite the price of bitcoin can go higher in the next few months because of the incoming halving
it's not a baseless opinion but if you follow bitcoin price it always happens before or after halving

HardFacts

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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.

That 49 % number will quickly go down as the price of Bitcoin continues to fall. Looking back at a price graph and saying you should have bought starting in XXX date is very dishonest and unrealistic, most people will never get the timing that perfect... Saying you should have started to purchase in January 2019, after looking at the price chart history is easy 🤣🤣🤣 If you had purchased a bitcoin per month starting in January 2018 you would not have made as much money, or maybe even lost money.

The only thing that matters is what to do NOW... Looking at the price charts, it appears that Bitcoin will be going down significantly. The risk of holding a large amount of bitcoin is HUGE being how fast the price can drop, and considering that Bitcoin has zero intrinsic value beyond what some greater fool will pay for it. No one is buying bitcoin for " value ", people buy bitcoin hoping that the price will go to the moon, and hoping that they will get rich. The day that Mania ends, the price of bitcoin will go lower than anyone ever thought possible.

Hard Facts

AliMan

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Quote from: gabmen on November 26, 2019, 04:03:07 AM

Well the first few months of this year was pretty low so yeah, by average, you should be up at thispoint even when bitcoin dropped to 7k. Though you wouldn't have expected the movements to go the way it did. Good for those who had the foresight to buy early on. If you're in for the long run, there's really nothing to worry about. This process simply repeats.

If you're an experienced trader having regretful times during the bullrun, definitely you've learned a lot from that nightmare. Without considerations of the falling trend, we weren't able to decide the best for our welfare that's why more issues of greed literally affected a lot of people emotionally. Don't expect other people not to worry, since many of us relied their family income in crypto yet the situations got so unpredictable. I still hope for the same process to repeat itself, and more good news will surprise us few months before good bounce starts.

Wysi

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Yes I agree with you but this will be more frustrating for those who purchased bitcoin when it was over $20k as not all of them dumped or cashed out because of the term HODL and it's been two years we don't see market going towards the moment they are waiting for, but this proves that instead of one bulk investment we can invest gradually.

akirasendo17

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its true that youll be up 50% but the question is are you willing to risk , like your salary or retirement
the decision the everyone needs to overcome , yes its a good investment since bitcoin price will go up and down
but you have to think of your family , are you willing to bet all , and watch your family with no food in the table for months
you should prioritize your family, since bitcoin will give you always opportunity but hunger will not , only invest what is left in your
salary, after your family, thats what financial advisers always teach

RapTarX

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It's DCA method (Dollar Cost Averaging). If anyone follows DCA method for long terms, they will certainly have profit. It's even applied for the stock market, of course for the A category shares. DCA was always a good method for long term investors. I have been following for some days but later couldn't afford to continue.
Earlier I have written an article on DCA method to share that how can it be profitable- https://bitcointalksearch.org/topic/benefits-of-following-dca-dollar-cost-averaging-5168667
Anyone can check with any periods with any amount here- https://dcabtc.com

Palider

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It's best if we buy every dip of bitcoin, For this we will have the advantage, to buy cheaper bitcoin.

The price of bitcoin does not always fluctuate every week so we are not sure if you can buy bitcoin at a cheap price. So if we have only a small amount of capital it is better to buy at a lower rate.

Reatim

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how i wish i do that,but i have no much resources as all my currency stills on hold because of the dip that happens in 2018 but i am proud that i bought in low price as well but not that low like what we have in january when the value of bitcoin fall 3k level.

Quote from: ?? on ??

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what?are you serious?why not do it to your accounts?lol no one will trust you.

DeathAngel

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Too many people want profit too quickly. Bitcoin is not a get rich scheme but HODLING is a close to 100% guarantee of making huge profits, you just need to have patience.

Topic: If You Bought Bitcoin Each Week in 2019, You’d Be up 49% - page 8. (Read 1803 times)