Is this a good plan - page 2. | Bitcointalksearch.org

Maslate

hero member

Activity: 2954

Merit: 672

Message @Hhampuz if you are looking for a CM!

Quote from: Chato1977 on July 15, 2021, 05:49:57 AM

But obviously we must understand the risk that is why knowledge is still the best weapon to beat losses.
and finding the lowest value is stupidity because if you are really into holding then you must buy when ypu have funds no matter how much the value is.

If that OP only chooses those reliable coins, he can never lose his money unless if he gets panic and sell them at a cheaper price. But I feel that he is strong to deal with the market drop and I know he was able to wait for the next Bullrun. So therefore to say that OP's strategy will work for him and the others will consider following what he does.

We certainly understand the risk here but eventually, it can be minimized if we know how to deal with the unpredicted trend and we are able to control our emotions.

Obito

sr. member

Activity: 1274

Merit: 293

I think that your plans good, that is if you are on the long-term side of the market because you are basically buying when the prices go low but at the same time, you don't get a profit since the market is going down and some of the investment happened during the much higher prices. I would probably do the same but I don't think about it too much.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: SquallLeonhart on July 14, 2021, 03:38:34 PM

Quote from: michellee on July 13, 2021, 11:26:33 AM

Quote from: ?? on ??

I see that this was a good plan but I think you need a big capital for this kind of plan, and there is no big profit on this plan if you will do it with a small capital. It is still also depends on your luck there is no assurance on it there is also a big possibility of falling after investing.

He can use his money and I think his plan will work well, as long as he can stick to his plan. We can assume if he will use $500 and for every investment will use $100. And if the price jumps to more than $100k at the end of this year or next year, that still a big profit for him, although he only uses $500. Unfortunately, he does not tell us how much money he will use to invest in bitcoin. We can only guess. I this his strategy will work in the future.

I do not think that it matters how much money he is using, what matters is the fact that he is just doing it, and making that type of profit at the end of the day. If you have one hundred million dollars that means making another 100 million dollars is great for you, but if you have 100 bucks then making another 100 bucks should still be great for you because you didn't had too much to start with. That is why we should be happy with whatever we have.

Aside from that I agree with the fact that the price will definitely go up and that is why buying right now and keep buying when it goes down and waiting when it goes up is a great method, doesn't matter how much money you have, you should be happy to make that much money in such a "guaranteed" way, I mean can anyone really argue that bitcoin will never go back to 60k? Everyone knows it will, just not when.

If he does that, maybe he can make a nice profit in the future because he always buys when the price goes down to accumulate a nice amount of bitcoin. The price can go back to $60k someday and it is better if we prepare from now on while we still have a chance. We never know when that time will come and we could only be ready for that.

Chato1977

member

Activity: 1162

Merit: 58

Quote from: poldanmig on July 15, 2021, 05:07:18 AM

Quote from: Wong Gendheng on July 14, 2021, 08:47:32 PM

Quote from: Oshosondy on July 09, 2021, 04:23:03 AM

Now that bitcoin price has fallen and around $30000, though it is currently at $32800, I am thinking it is right time to invest, I want to divide my bitcoin investments into 5, this means if the price of bitcoin decrease after I invest, I can still invest further. My first investment was at $31000, if the price of bitcoin decrease to $30000, I will invest again which will be the second investment. If the price decrease to $28000, I will invest again. If the price got to price decrease to $25000, this will be my fourth investment because I will invest at the price. The last investment will be at $20000.

The reason i am doing this is because bitcoin will still increase over $60000 again. Is this a good investment plan?

This is a good plan. In investing, of course, it takes courage to take risks, I also often do that, when the price of bitcoin drops then I will buy again, and this technique has proven to be profitable because bitcoin prices always go up as long as we are patient to wait and of course not panic.

True, although it usually doesn't like that it doesn't bring big profits but at least we can benefit from the trades we do, capturing prices gradually can at least give us the opportunity to get the lowest price but the problem is often if the profits we get will usually be cover losses from the purchase price in the second or first stage, unless the market price rises more than the first stage purchase price, of course it will provide us with profits, although not large.

But obviously we must understand the risk that is why knowledge is still the best weapon to beat losses.
and finding the lowest value is stupidity because if you are really into holding then you must buy when ypu have funds no matter how much the value is.

poldanmig

sr. member

Activity: 1372

Merit: 275

Quote from: Wong Gendheng on July 14, 2021, 08:47:32 PM

Quote from: Oshosondy on July 09, 2021, 04:23:03 AM

Now that bitcoin price has fallen and around $30000, though it is currently at $32800, I am thinking it is right time to invest, I want to divide my bitcoin investments into 5, this means if the price of bitcoin decrease after I invest, I can still invest further. My first investment was at $31000, if the price of bitcoin decrease to $30000, I will invest again which will be the second investment. If the price decrease to $28000, I will invest again. If the price got to price decrease to $25000, this will be my fourth investment because I will invest at the price. The last investment will be at $20000.

The reason i am doing this is because bitcoin will still increase over $60000 again. Is this a good investment plan?

This is a good plan. In investing, of course, it takes courage to take risks, I also often do that, when the price of bitcoin drops then I will buy again, and this technique has proven to be profitable because bitcoin prices always go up as long as we are patient to wait and of course not panic.

True, although it usually doesn't like that it doesn't bring big profits but at least we can benefit from the trades we do, capturing prices gradually can at least give us the opportunity to get the lowest price but the problem is often if the profits we get will usually be cover losses from the purchase price in the second or first stage, unless the market price rises more than the first stage purchase price, of course it will provide us with profits, although not large.

Joshapat

sr. member

Activity: 1526

Merit: 255

Quote from: Oshosondy on July 09, 2021, 04:23:03 AM

Now that bitcoin price has fallen and around $30000, though it is currently at $32800, I am thinking it is right time to invest, I want to divide my bitcoin investments into 5, this means if the price of bitcoin decrease after I invest, I can still invest further. My first investment was at $31000, if the price of bitcoin decrease to $30000, I will invest again which will be the second investment. If the price decrease to $28000, I will invest again. If the price got to price decrease to $25000, this will be my fourth investment because I will invest at the price. The last investment will be at $20000.

The reason i am doing this is because bitcoin will still increase over $60000 again. Is this a good investment plan?

Of course this is a good plan, bitcoin is the most profitable investment because it is proven to make our money increase 100x or even more. but i suggest not to put all the money in bitcoin, it's better to share it in many places.

lienfaye

hero member

Activity: 3024

Merit: 629

Its a good strategy, I tried this as well before and did profit (though not that huge) after few months of waiting.

In my experience the problem that is hard to deal with is to set aside the emotion because it can affect your plan. Having worries and losing patience are quite common but if you cant deal with it accordingly it can hinder you to do what's supposed to be done.

Nevertheless as long as you're gaining with your chosen strategy then its always a good decision.

Wong Gendheng

sr. member

Activity: 1428

Merit: 252

Quote from: Oshosondy on July 09, 2021, 04:23:03 AM

Now that bitcoin price has fallen and around $30000, though it is currently at $32800, I am thinking it is right time to invest, I want to divide my bitcoin investments into 5, this means if the price of bitcoin decrease after I invest, I can still invest further. My first investment was at $31000, if the price of bitcoin decrease to $30000, I will invest again which will be the second investment. If the price decrease to $28000, I will invest again. If the price got to price decrease to $25000, this will be my fourth investment because I will invest at the price. The last investment will be at $20000.

The reason i am doing this is because bitcoin will still increase over $60000 again. Is this a good investment plan?

This is a good plan. In investing, of course, it takes courage to take risks, I also often do that, when the price of bitcoin drops then I will buy again, and this technique has proven to be profitable because bitcoin prices always go up as long as we are patient to wait and of course not panic.

SquallLeonhart

legendary

Activity: 2464

Merit: 1102

Quote from: michellee on July 13, 2021, 11:26:33 AM

Quote from: ?? on ??

I see that this was a good plan but I think you need a big capital for this kind of plan, and there is no big profit on this plan if you will do it with a small capital. It is still also depends on your luck there is no assurance on it there is also a big possibility of falling after investing.

He can use his money and I think his plan will work well, as long as he can stick to his plan. We can assume if he will use $500 and for every investment will use $100. And if the price jumps to more than $100k at the end of this year or next year, that still a big profit for him, although he only uses $500. Unfortunately, he does not tell us how much money he will use to invest in bitcoin. We can only guess. I this his strategy will work in the future.

I do not think that it matters how much money he is using, what matters is the fact that he is just doing it, and making that type of profit at the end of the day. If you have one hundred million dollars that means making another 100 million dollars is great for you, but if you have 100 bucks then making another 100 bucks should still be great for you because you didn't had too much to start with. That is why we should be happy with whatever we have.

Aside from that I agree with the fact that the price will definitely go up and that is why buying right now and keep buying when it goes down and waiting when it goes up is a great method, doesn't matter how much money you have, you should be happy to make that much money in such a "guaranteed" way, I mean can anyone really argue that bitcoin will never go back to 60k? Everyone knows it will, just not when.

Rasa nanas

full member

Activity: 1442

Merit: 108

if you want to trade short term it is the right way, but if you want to trade long term it is not the right way. if you want to invest long term you need to think twice about buying now, because no one knows whether the current bear market is over or not. today the trading volume of bitcoin fell quite sharply, this shows if there is no strong reason to go back up, let alone reach the price of $ 60k in the near future.

ShowOff

legendary

Activity: 2618

Merit: 1181

OP, I think this thread deserves more to be on a trading discussion board than speculation because it's about technique or how to trade.

Quote from: Oshosondy on July 09, 2021, 04:23:03 AM

-snip-

The current bitcoin price tend to be more stable than the pump and dump action. The method you mentioned can be used in the hope that the price will drop to the level you have set for 5 stage of purchase. But it's possible the price will go up to $35K, $40K or $60K so if you just hope the price will continue to fall and reach level 5 of your target then it is still possible not to reach it while the price still has the potential to rise again to $35K or more. I don't know if the method you are going to use is the best way to anticipate price down, but I think it will also be of benefit to trader. 20% of capital used for each down price seem good.

New.in.trading

member

Activity: 211

Merit: 20

Quote from: Oshosondy on July 09, 2021, 04:23:03 AM

Now that bitcoin price has fallen and around $30000, though it is currently at $32800, I am thinking it is right time to invest, I want to divide my bitcoin investments into 5, this means if the price of bitcoin decrease after I invest, I can still invest further. My first investment was at $31000, if the price of bitcoin decrease to $30000, I will invest again which will be the second investment. If the price decrease to $28000, I will invest again. If the price got to price decrease to $25000, this will be my fourth investment because I will invest at the price. The last investment will be at $20000.

The reason i am doing this is because bitcoin will still increase over $60000 again. Is this a good investment plan?

I like that plan. do you have a plan where to add you investments, in case BTCUSD goes up?! You seem to be well prepared for falling prices, what about rising prices then? Just a thought...

newwest

member

Activity: 686

Merit: 26

★777Coin.com★ Fun BTC Casino!

Investing in bitcoin in different tranches is viable option as with the high it has fallen almost 50% and still it is falling a bit now as well. So I have as well divided my funds accordingly so that if it falls more I have some funds available to buy at that times. For long term investor it is an ideal time I feel as in next few months or by the year end do expect market to be back again in good shape.

ice18

hero member

Activity: 2492

Merit: 542

Do it mate as long as you are sure enough if its the proper timing and you are not catching the falling knife then accumulate slowly much better if you wont invest all of your funds so that in the event that another dip will come you still have funds to buy the dip.

rodskee

full member

Activity: 2576

Merit: 205

Quote from: Oshosondy on July 09, 2021, 04:23:03 AM

Now that bitcoin price has fallen and around $30000, though it is currently at $32800, I am thinking it is right time to invest, I want to divide my bitcoin investments into 5, this means if the price of bitcoin decrease after I invest, I can still invest further. My first investment was at $31000, if the price of bitcoin decrease to $30000, I will invest again which will be the second investment. If the price decrease to $28000, I will invest again. If the price got to price decrease to $25000, this will be my fourth investment because I will invest at the price. The last investment will be at $20000.

The reason i am doing this is because bitcoin will still increase over $60000 again. Is this a good investment plan?

If you are seeking to invest back when the price is still 64k usd per bitcoin then now is the perfect time because you are already 50% discounted things that so many are asking and hoping to be discounted but now that it is already here? people are now denying that fact.

Quote from: ice18 on July 14, 2021, 03:59:17 AM

Do it mate as long as you are sure enough if its the proper timing and you are not catching the falling knife then accumulate slowly much better if you wont invest all of your funds so that in the event that another dip will come you still have funds to buy the dip.

Why hesitate when this is already proven to be increasing ? specially if you are for long term holding , then just grab the opportunity or regret later.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: milewilda on July 13, 2021, 03:21:49 PM

Quote from: michellee on July 13, 2021, 11:26:33 AM

Quote from: ?? on ??

Quote from: Oshosondy on July 09, 2021, 04:23:03 AM

Now that bitcoin price has fallen and around $30000, though it is currently at $32800, I am thinking it is right time to invest, I want to divide my bitcoin investments into 5, this means if the price of bitcoin decrease after I invest, I can still invest further. My first investment was at $31000, if the price of bitcoin decrease to $30000, I will invest again which will be the second investment. If the price decrease to $28000, I will invest again. If the price got to price decrease to $25000, this will be my fourth investment because I will invest at the price. The last investment will be at $20000.

The reason i am doing this is because bitcoin will still increase over $60000 again. Is this a good investment plan?

I see that this was a good plan but I think you need a big capital for this kind of plan, and there is no big profit on this plan if you will do it with a small capital. It is still also depends on your luck there is no assurance on it there is also a big possibility of falling after investing.

He can use his money and I think his plan will work well, as long as he can stick to his plan. We can assume if he will use $500 and for every investment will use $100. And if the price jumps to more than $100k at the end of this year or next year, that still a big profit for him, although he only uses $500. Unfortunately, he does not tell us how much money he will use to invest in bitcoin. We can only guess. I this his strategy will work in the future.

Every person does have their own capability towards financial which means we dont know on how much he would be putting up and it all varies on someones target or choice.
Thing here is that you do know about risk because nothing is guaranteed in future because we dont know if bitcoin would progress on upcoming years to come or wouldnt
really make any significant move so it do really varies. Plan outcomes would neither result into positive or negative and when the time you do make out some investment
then you should always anticipate whenever on what would be result.

As long as he knows about the risk and can deal with the risk, he will be okay and make sure that everything can run as he wants. If somehow his plan is not working, he might change or modify it with other things and maybe he will add some to fix the problem. That is why before we invest in bitcoin, we need to know how to anticipate if the direction changes like today.

Oshosondy

legendary

Activity: 1652

Merit: 1208

Gamble responsibly

Quote from: Hypnosis00 on July 13, 2021, 09:27:59 AM

Currently, the price of Bitcoin moving in sideways, it rises a few bucks and dumps again. if you were a trader, you can already make some profit from that gap but as your intention to sell them during the hypes, then I think you need to wait months or years before you can make a profit.

That is just bitcoin, there are times for bull run, times for bear run, times for side ways price movement. There will certainly be a time for bull run after the price has decreased and now moving sideways, that is just certain, even if the price of bitcoin decreases more, it will still increase, we just have to be patient. Not that I am only having believe that the price of bitcoin will increase, having believe seem more like understatement for me because even with me if not believing, the price of bitcoin will still increase, all it will take is time.

CryptopreneurBrainboss

legendary

Activity: 2478

Merit: 4341

eXch.cx - Automatic crypto Swap Exchange.

Quote from: ?? on ??

I see that this was a good plan but I think you need a big capital for this kind of plan, and there is no big profit on this plan if you will do it with a small capital. It is still also depends on your luck there is no assurance on it there is also a big possibility of falling after investing.

Investment shouldn't be done for short term especially when you're thinking of investing in a market such as that of bitcoin. Judging from last records, bitcoin has always been profitable yearly excluding 2 years which the market hasn't performed well than the previous years that's to say the minimum your investment in bitcoin should last is a year anything less than that isn't idea in my opinion.

What OP has just outline is exactly what the community is preaching in terms of dollar cost averaging. One thing you should note is, to get an accurate measure you should invest identical sun for each investment assuming you had all your capital from the get go but if you have more funds you can add to get your hands in more bitcoin because you can never know if this might be the last time for it to be valued this low.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: michellee on July 13, 2021, 11:26:33 AM

Quote from: ?? on ??

Quote from: Oshosondy on July 09, 2021, 04:23:03 AM

Now that bitcoin price has fallen and around $30000, though it is currently at $32800, I am thinking it is right time to invest, I want to divide my bitcoin investments into 5, this means if the price of bitcoin decrease after I invest, I can still invest further. My first investment was at $31000, if the price of bitcoin decrease to $30000, I will invest again which will be the second investment. If the price decrease to $28000, I will invest again. If the price got to price decrease to $25000, this will be my fourth investment because I will invest at the price. The last investment will be at $20000.

The reason i am doing this is because bitcoin will still increase over $60000 again. Is this a good investment plan?

I see that this was a good plan but I think you need a big capital for this kind of plan, and there is no big profit on this plan if you will do it with a small capital. It is still also depends on your luck there is no assurance on it there is also a big possibility of falling after investing.

He can use his money and I think his plan will work well, as long as he can stick to his plan. We can assume if he will use $500 and for every investment will use $100. And if the price jumps to more than $100k at the end of this year or next year, that still a big profit for him, although he only uses $500. Unfortunately, he does not tell us how much money he will use to invest in bitcoin. We can only guess. I this his strategy will work in the future.

Every person does have their own capability towards financial which means we dont know on how much he would be putting up and it all varies on someones target or choice.
Thing here is that you do know about risk because nothing is guaranteed in future because we dont know if bitcoin would progress on upcoming years to come or wouldnt
really make any significant move so it do really varies. Plan outcomes would neither result into positive or negative and when the time you do make out some investment
then you should always anticipate whenever on what would be result.

ibuddy122505

sr. member

Activity: 1066

Merit: 261

Quote from: smyslov on July 13, 2021, 09:34:29 AM

Quote from: Oshosondy on July 09, 2021, 04:23:03 AM

Now that bitcoin price has fallen and around $30000, though it is currently at $32800, I am thinking it is right time to invest, I want to divide my bitcoin investments into 5, this means if the price of bitcoin decrease after I invest, I can still invest further. My first investment was at $31000, if the price of bitcoin decrease to $30000, I will invest again which will be the second investment. If the price decrease to $28000, I will invest again. If the price got to price decrease to $25000, this will be my fourth investment because I will invest at the price. The last investment will be at $20000.

The reason i am doing this is because bitcoin will still increase over $60000 again. Is this a good investment plan?

Of course, it is, you are following the right investment advice of buying low and selling high, the problem is we do not know the floor price, your first round of investment could be your last in the downward trend, so you to be ready to shift your plan and buy when it is moving up and you must be fast in doing this.

Now this is the time buy more. Cheap and hold it for long term. Keep up with the same procedure as long as you can, nothing wrong when you're talking about most trusted and bought BTC. BTC can down more further, $28K and $25K most desirable range investors get it but between $31k-$32k there also lot of buy order. We can't predict next week, so give your best shoot.

Topic: Is this a good plan - page 2. (Read 661 times)