Is this a good plan - page 3. | Bitcointalksearch.org

michellee

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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.

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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.

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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?

Since you believe that Bitcoin will reach back to $60,000, then you have the right decisions. Nevertheless, we can buy at $35,000 if we want to as we think that Bitcoin will pump in the future but buying during the dip is the best time.

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.

Well, in general, your plan is good and I ask you to stay focus and stick to your plan.

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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.

unstable market conditions like today, of course, we need some appropriate strategies to invest, but right now I personally prefer to wait for the right time to enter the market, especially in recent days the market often experiences price corrections and so I will try to enter when later the price has actually fallen to the bottom and bought some crypto for me to hold for a long time, whereas now it might be better to continue to monitor market conditions and try to trade daily with small values.

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Quote from: arwin100 on July 11, 2021, 08:13:09 AM

If you are not sure with your decisions to invest for future then maybe its good to see the history stats of bitcoin since from there you can catch up with those ideas that we can still see more pumps with bitcoin andd I'm not afraid with current situation since its good opportunity to buy some after it pull back due to some fud spreadd. I believe that we can see it rise again at 60k but I'm expecting that 6 ATH will be break by bitcoins in future.

That FUD spread is not really the only reason why the price dropped down, I personally believe that we have seen the drop because it was a drop and I do not think that it is really that much of a problem to see that. I do not think that we should be focusing on the drops causes because in the end it happened and it is over. We should be focusing on reasons to get it high again which would be a lot more helpful.

I get that it is not something that is problematic to just let it be, I just feel like we are talking about something that is just irrelevant right now when we talk about the past, and we should always talk about the future to get us something profitable. Of course FUD could be the cause but I believe it was just bubbled up too much and when the hype died down then the price went low, there were FUD when we were going up as well but we ignored, we should do that again.

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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?

It is not a bad strategy, just remember to put those limit orders on the exchange so they can be fulfilled even if you are sleeping as you do not want to miss the opportunity just because you were not watching the markets, however I will add that you need to have a strategy in the case this never happens, after all I could see the 31k, 30k and the 28k orders eventually being fulfilled but I have my doubts about the 25k and the 20k limit orders so you need to know what would you do in the case this does not happen.

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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?

Bitcoin is always a good investment, and your goal will likely come, however, we never know when it will come. But yes, buy during the dip and I believe the price has dip already, but don't put everything yet, who knows, it will dump more and you can still accumulate a cheaper bitcoin. All I can say is that make bitcoin the biggest in your portfolio as it's the most popular asset and the biggest, if you'll follow that, the risk will be lowred.

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You should always average in and average out of positions. Basically if you don’t know how then just buy at a certain time of the week or month of whatever price Bitcoin is at. This way you get some good buys, average buy and some which are overpaid but at least you got a good average. Much better than going all in at the wrong time.

Same with selling. You should average out, especially when price is going up. Most people assumed we would touch $100K at least and nobody knew we would peak at $64K. So those that took some profits are in a better situation than those that didn’t sell anything at all.

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Quote from: OgNasty on July 09, 2021, 05:45:37 AM

Sounds like you’re describing dollar cost averaging which is a good investment strategy.

Yes, this is absolutely right.
The DCA investment strategy focuses on the potential long term profit by buying at a lower price which was also divided into several buys in hopes of the price to fall below the first or second buy.
This strategy also avoids investors to fomo once there's an uptrend of Btc's price.
So, for me this a good investment plan. At least you're securing your investment avoiding unnecessary losses, doesn't miss a good entry point, and a long term profit perspective.

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Success is a mindset thing and making it in the Crypto industry is actually based on mindset and the technical Know-How that one has. And on the basis of this lies the capability of making it in the industry.
But mind you that sometimes your prediction or evaluation might not be as accurate as you want it to be because someones else's loss is another person profit and so if you want to be on the save side of not always running loss the proper technical knowledge is highly needed plus a moderate capital for investment.

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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 people are worried about buying bitcoin that is because they are either new or they are very high maintenance traders there is really no other choice. As a person who is big on long term bitcoin investment I find this plan to be perfectly capable of making anyone money in the long run, it could be a lot of money or it could be a little bit of money but you will make a profit from this idea.

Plus if you do this in current price you will definitely make money, if you did this when it was 60k you would still make a profit one day but it would take years before you could make a profit once again, or maybe not that long but at least that is what the goal would look like. So I do believe that for long term investors this is the right way to invest, what you said is a great idea and would definitely mean a lot of profit to anyone who follows those rules.

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Quote from: arwin100 on July 11, 2021, 08:13:09 AM

I believe that we can see it rise again at 60k but I'm expecting that 6 ATH will be break by bitcoins in future.

Bitcoin can go up again even that has been confirmed for me but I don't know when it will be and the future of bitcoin will definitely experience good growth from now onwards.
Have you seen the previous history of bitcoin which has reached ATH in 2017 then it was big bearish up to $3,800 and now it has reached ATH $64k it is not impossible that this will be multiplied for people who are ready of course they will invest for a long time even up to 5 next year.
If you are not strong enough to do that then just follow the flow of the market so you will know how the reaction is from day to day.

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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 not sure with your decisions to invest for future then maybe its good to see the history stats of bitcoin since from there you can catch up with those ideas that we can still see more pumps with bitcoin andd I'm not afraid with current situation since its good opportunity to buy some after it pull back due to some fud spreadd. I believe that we can see it rise again at 60k but I'm expecting that 6 ATH will be break by bitcoins in future.

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Quote from: rhomelmabini on July 10, 2021, 06:18:45 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?

I guess you got a good plan but it's a matter of sticking on that plan and you should not do the "buy at high, sell at low" strategy. We may never know if it really goes to that level again but the sentiment is higher that it may happen but it's an understatement though.

That's the hardest thing though, to stick to the plan and not let your emotions run into you and sell your stash specially if you are looking for this plan for long term. But then again, everyone is very different, we all have plans, so it's either we succeed or fail in this game.

I do hope though that the price will go to $60k, I think that's what everyone expectations here. We have touch it before and obviously we can still do it before the end of the year.

The lesson here is just to be prepared on whatever the market brings to us.

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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?

it's a brilliant plan, keep buying even though the initial investment is losing...

but this idea can only be done by those who have good financial management skills. I'm sure I will imitate your method if the Bitcoin price keeps going down because I'm sure the Bitcoin price prediction will pass $ 100k.

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Quote from: Clairvoyance on July 10, 2021, 06:58:51 AM

TIP: Summer is the sale season for crypto and Winter is for raking your gains.

This statement is accurate till now and whenever we have summer the price usually goes up and that was seen as a trend because people will be going for holiday and book their profit and then during Winter the price rallies, but there is a difference this time as there are huge investment from institutional investors and we have no idea what they are planning to do and when they will be booking their profit.

@OP, investing in stages is always the best option when the market is looking for directions.

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Quote from: Clairvoyance on July 10, 2021, 06:58:51 AM

Yes! Buying on dip is a good plan. Every now and then BTC will reach new all time high and subsequently a massive FUD and correction will take place. After correction we will see some weak hands selling and ranting "BTC Scam, Crypto sucks". It is a common strategy to buy on dip and sell on new high. TIP: Summer is the sale season for crypto and Winter is for raking your gains.

sometimes selling is the right choice to avoid bigger losses, then buying back when it hits bottom. bitcoin is very sensitive to bad news, there is little bad news that hit bitcoin there will be many holders panic and then sell. people with big capital take advantage of this moment to buy.

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Yes! Buying on dip is a good plan. Every now and then BTC will reach new all time high and subsequently a massive FUD and correction will take place. After correction we will see some weak hands selling and ranting "BTC Scam, Crypto sucks". It is a common strategy to buy on dip and sell on new high. TIP: Summer is the sale season for crypto and Winter is for raking your gains.

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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 guess you got a good plan but it's a matter of sticking on that plan and you should not do the "buy at high, sell at low" strategy. We may never know if it really goes to that level again but the sentiment is higher that it may happen but it's an understatement though.

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Quote from: Welsh on July 09, 2021, 10:49:43 AM

Absolutely, and this is going to answer the OP's question partly too, but whenever you are investing whether its for the long term or for short term trading, you should try to remove as much emotion from it as possible. Bots, are extremely good for this, and if you don't interfere with them you should profit over time, at least judging by the history of Bitcoin, you would only profit in the long run.

Emotion is what causes panic buying, and selling. The OP's method above is fine, but instead of manually doing it, I would probably use a bot or setup automated payments on an exchange if they allow it, so you remove that emotional element.

Emotion will result to panic sell which is not worth it at all, I have checked and study the history of bitcoin price and noticed it is worth it waiting for market price to first decrease, the price was over $60000 before and now the price is $34000. Investing at $30000 which I have already did but with low amount is best for me, if the price increase, I will gain. But I am still waiting if the price of bitcoin will fall, I am expecting bitcoin can still fall to $20000, this will the price I will have my 100% investment on bitcoin but not necessary for this to happen because it might not fall to such extent. This strategy is beyond panic, I know it will work.

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