is anyone going real long with bitcoin

Etemind

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Quote from: notme on June 11, 2016, 01:39:15 PM

I buy a specific dollar amount every week. When price is up, I get less. When price is down, I get more. It is called dollar cost averaging and is a very good strategy for establishing a long position. I've been doing this for a little over a year and my average price for the coins I've bought via this method is $350.

The nice part about bitcoin exchanges is all fees are percentages, so it makes no difference if your weekly amount is $5 or $5000. I highly recommend picking a small dollar amount you can afford to spend and buying each week.

I think it is good idea. When the price is low, like what happens now, you can buy a lot more, 20% more than a week ago.

notme

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I buy a specific dollar amount every week. When price is up, I get less. When price is down, I get more. It is called dollar cost averaging and is a very good strategy for establishing a long position. I've been doing this for a little over a year and my average price for the coins I've bought via this method is $350.

The nice part about bitcoin exchanges is all fees are percentages, so it makes no difference if your weekly amount is $5 or $5000. I highly recommend picking a small dollar amount you can afford to spend and buying each week.

steven0021

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Quote from: topper26 on April 28, 2016, 07:45:39 AM

ie continually buying bitcoin a little each week no matter what the price is at

Yes. I have a separate cold storage just for hodling which I plan not to touch for a long time. At the very least not before the 4th halving
All other crypto are just for quick profit (mainly because there's nothing better at the moment)

upsidedown75

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Quote from: topper26 on April 28, 2016, 07:45:39 AM

ie continually buying bitcoin a little each week no matter what the price is at or is everyone just trading bitcoins like a stock for quick gains

It depends on oneself I guess.
It could be profitable to save your BTC in the long run.
I like to save BTC for the future savings, not so bad to choose the right track, and no harm it will cause to you.

Etemind

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I don't buy bitcoin that often because i'm not rich, but i don't have plan to sell my bitcoin.

I will try my best to buy one bitcoin a year. If I can do this for the next 20 years, I will be very rich later.

Ulloa

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Bitcoin will be the future payment method and there are also now a lot of people that is hoping that the value can be more worth because that would be really nice.
But of course it will be really hard to know what will happen in the future with Bitcoin but the chance is high that it is going to rise.

Bostonias

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I bought some bitcoin in 2013, I did not sell when the price was $1200. I did not sell anyting at all.

zimmah

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I am not buying each week but i have been buying regularly whenever i could afford to spare some cash.

And yeah, i don't really look at the price when i buy them, the price is pretty irrelevant, as it will rise a lot anyway.

stromma44

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Quote from: phreaky on May 24, 2016, 09:59:48 AM

There are gonna be some people that will go for a long term, I personally will not going for the long term due to this year will most likely be good and profitable.
I also need the money plus I do not have the patient for it.

Yeah and you need to keep on playing with them on shot term to gain more benefits from it as no one is sure what will be the price of bitcoin in future.

amacar2

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Buying is out of my reach as there are no any active exchangers here where i can buy but i always try to keep holding whatever bitcoin i earn doing some developing task and other task till i really don't need money. I don't like to exchange whatever coin i have.

phreaky

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There are gonna be some people that will go for a long term, I personally will not going for the long term due to this year will most likely be good and profitable.
I also need the money plus I do not have the patient for it.

Altcoinsupporter

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There are a lot of people that is waiting for a higher value and that is because it was already stable for a long time but that have to change also so we can sell it with a lot of profit and that is nice.
Of course it will be really hard to know what is going to happen with the Bitcoin but you should also now that it can takes a long time when the value will be higher.

praprata

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Quote from: Amph on April 28, 2016, 09:03:55 AM

yes waiting at least 2028, before deciding what to do with my coins, surely i would not dump them, at best i might begin to use them in mass if the price do not increase substantially

I am not going to wait so many years that is just way to long for me. I think that I am going to quit way sooner with Bitcoin because I am just getting fed up with waiting so much.

Hirose UK

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Quote from: topper26 on April 28, 2016, 07:45:39 AM

ie continually buying bitcoin a little each week no matter what the price is at or is everyone just trading bitcoins like a stock for quick gains

I don't buy every week, but I earn every week Grin

It's more profitable than buying. but if you can't earn it, you can buy it.

umaOuma

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I am here since last 2 years and the journey is still on, my journey will end only when bitcoin will die or disappear in future, but I don't think that will ever happen Grin

Oralmat

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Quote from: ingenuity on April 28, 2016, 08:22:51 AM

Buy now as early as possible, Cause bitcoin price now is low, Then sell it after halving. That was only my opinion Cheesy

I believe it the time has come that a lot of people are waiting it. because now bitcoin is in hightest price and i think it is good for us, also that halving is coming after 46 days. So wake up and ready to get profit and enjoy your life.
But secondly bitcoin's journey is not finish in this time, it will be continuously live with us, and we always use it and invest it.

voztata

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Quote from: ndnh on May 08, 2016, 12:54:14 AM

Quote from: topper26 on April 28, 2016, 07:45:39 AM

ie continually buying bitcoin a little each week no matter what the price is at or is everyone just trading bitcoins like a stock for quick gains

I am long on Bitcoin and will be long for at least a good number of months. Cheesy

Then that's not LONG at all. A good number of months isn't considered long, except if you meant that going long is around at least 60 months. Going long means investing in bitcoin for a REALLY long time e.g. 10 years. Although that's not really long. In fact, that's actually normal length for investments.

ndnh

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Quote from: topper26 on April 28, 2016, 07:45:39 AM

ie continually buying bitcoin a little each week no matter what the price is at or is everyone just trading bitcoins like a stock for quick gains

I am long on Bitcoin and will be long for at least a good number of months. Cheesy

electronicash

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Quote from: BitcoinPC on April 28, 2016, 10:18:29 AM

Quote from: ingenuity on April 28, 2016, 08:22:51 AM

Buy now as early as possible, Cause bitcoin price now is low, Then sell it after halving. That was only my opinion Cheesy

No, Price is not low at the moment. Its already crossed 470$ and going up. There was a time when it was around 385$, near the start of the year.That was the best time to buy it. You can still buy it now as price will keep on rising till halving

Its still concidered low though the fact that bitcoin was once 1200$. I'm not sure if during halving the price of bitcoin will reach $1200 but I think the price will significantly go high. Everyone is speculating this already, that is why they are buying too.

rogerwilco

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Quote from: topper26 on April 28, 2016, 07:45:39 AM

ie continually buying bitcoin a little each week no matter what the price is at or is everyone just trading bitcoins like a stock for quick gains

Yeah, I put a little of each paycheck into it. A fixed dollar amount, so the amount of coin I get is variable. Is that what you mean?

Topic: is anyone going real long with bitcoin (Read 1820 times)