The two ways to invest in bitcoins. | Bitcointalksearch.org

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Quote from: Stepstowealth on April 24, 2023, 06:27:38 AM

There are only two ways to invest in bitcoins from some topics I have read in this forum, to buy a big amount of bitcoins once and to buy small amounts regularly according to a plan.

Buying big - Although this is generally not advised, I think buying big can be good if you can afford to buy big and then follow up with adding small amounts to what you have. Buying big will help you get a good amount of bitcoins quickly.

Buying small occasionally, otherwise known by the name of dollar cost averaging - This is method that is advised for people who are not rich, and who do not have enough money to buy big. I think if you have enough money to buy big and follow up with buying small amounts, but you just decide to buy small amounts regularly, you are not doing the best for yourself.

Are there other ways apart from the one you have mentioned that we don't know because your recommendations are very funny and too plain. If you have a plan to buy Bitcoin either in large sums or small amounts, you should sit down and calculate your risk, manage it, and have a run through it before you jump into the market, review the durations you intend to hold, the time to buy, this is very crucial as it will help you as an advantage, if you get lucky and buy bitcoin at low prices, usually those times people do panic, you will enjoy that and you wouldn't have anything to fear, these supports are very rear to come by again. so, think well before you buy.

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Quote from: TelolettOm on May 05, 2023, 06:25:18 PM

Investing in BTC is a high risk, don't rely on it for our future!!

But it's still the best choice compared to investing in altcoins or storing large amounts of fiat. I even dare to say that bitcoin still has better potential than gold, so the risks and returns that bitcoin investors will receive should be very worth it.

If you are unsure about bitcoin, then do asset diversification. The purchase steps need to be adjusted to your budget and plans. DCA is great for buying bitcoins at several price points, but accumulate whenever you have the budget.

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Ultimately, the best strategy for investing in Bitcoin will depend on your personal financial situation, risk tolerance, and investment goals. It's important to do your own research and consult with a financial advisor before making any investment decisions

Yes, of course, the initial strategy that must be prepared is financial conditions, investment objectives, preparation of knowledge and also a strong mentality, because what is said with investment is inseparable from the name of risk, most people don't pay too much attention to some of these factors and cause them to fail. of his plan though they did not fail miserably.

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Quote from: CryptoHeadlineNews on May 03, 2023, 06:59:49 PM

Quote from: Stepstowealth on April 24, 2023, 06:27:38 AM

- This is method that is advised for people who are not rich, and who do not have enough money to buy big. I think if you have enough money to buy big and follow up with buying small amounts, but you just decide to buy small amounts regularly, you are not doing the best for yourself.

No, you are very wrong on this very statement of yours, because "Dollar Cost Averaging" method can be used by anyone, both rich and poor, and the only difference between the two is that while the rich will tend to huge amount, the poor are likely to use little amount of capital, but the truth about this method is that the higher the capital, the more profit you stand to gain. Which is far better than just buying and holding a coin for a very long time.

why do we have to distinguish between the rich and the poor in investing, basically the purpose of investing is to make a profit. the DCA method is good enough for those who have a stable income from their real-world jobs so that those who don't have much time to do research can still make a profit even though the portion of the profit generated between the rich and the poor is very different.

To be able to make good profits in investing, especially in Bitcoin, these 2 things are very important to pay attention to...

Momentum Trading ^[1]
Fundamental Analysis: Principles, Types, and How to Use It ^[2]

[1] https://www.investopedia.com/trading/introduction-to-momentum-trading/
[2] https://www.investopedia.com/terms/f/fundamentalanalysis.asp#:~:text=Fundamental%20analysis%20is%20a%20method,a%20buy%20recommendation%20is%20given.

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Quote from: RockBell on May 05, 2023, 12:42:23 PM

Buying big is good but considering that not everyone has the capacity to buy even one bitcoin, people that don't earn much is not even advisable to use all your earnings to buy bitcoin what i feel is even better you can set goals of what unite of bitcoin you want to buy. At least with this you can own some bitcoin too, and despite bitcoin having its own risk at least investing in bitcoin is far better than investing in shitcoin that can crash any time during this bear market a lots of projects could not survive it so the best thing is to put your faith in bitcoin and hope for the best.

Each person may have a different standard about 'buying big'. For us, buying 1 BTC can be categorized as 'buying big'. But for a rich person, buying 1 BTC may be just a buying small for him. We actually can't generalize about 'buying big'. However, I agree that buying Bitcoin shouldn't bother our financial strength, adjust our funds for investing Bitcoin. For the person who has limited money, I agree that it is no need to buy 1 BTC. Buy 0,xxxx BTC that we spend extra money or safe money for investment. Investing in BTC is a high risk, don't rely on it for our future!!

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Quote from: Stepstowealth on April 24, 2023, 06:27:38 AM

There are only two ways to invest in bitcoins from some topics I have read in this forum, to buy a big amount of bitcoins once and to buy small amounts regularly according to a plan.

Buying big - Although this is generally not advised, I think buying big can be good if you can afford to buy big and then follow up with adding small amounts to what you have. Buying big will help you get a good amount of bitcoins quickly.

Buying small occasionally, otherwise known by the name of dollar cost averaging - This is method that is advised for people who are not rich, and who do not have enough money to buy big. I think if you have enough money to buy big and follow up with buying small amounts, but you just decide to buy small amounts regularly, you are not doing the best for yourself.

There is only one way to achieve success in any business, it is to reduce the impact of luck to a minimum, and the contribution of your skill to the maximum. This is achieved by the fact that you have to maximize the number of outcomes depending on you (this is the mathematical expectation of poker and casino). Let me explain: the more games you play, or transactions you make to buy bitcoin, the greater the influence of your skills, and the less the influence of luck.
Conclusion: a lot of small transactions.

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Quote from: puloweh555 on May 05, 2023, 12:59:23 PM

Basically we are smart to know the right time to buy bitcoin

Not all users can determine it easily, while some others are able to do it.
Analysis hopefully helps them find the right time, but not all bitcoin traders and investors are able to make an analysis before buying, some are completely illiterate and just shoot in the dark.

Maybe, every trader and investor has their own way of buying their investment assets. Some will buy during corrections and accumulate it, while others will only make 1 move (lump sum) at a time without thinking. Both can be profitable, but an accumulation strategy should give you the opportunity to own more bitcoins for the same budget compared to lump sum.

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Quote from: Stepstowealth on April 24, 2023, 06:27:38 AM

There are only two ways to invest in bitcoins from some topics I have read in this forum, to buy a big amount of bitcoins once and to buy small amounts regularly according to a plan.

Buying big - Although this is generally not advised, I think buying big can be good if you can afford to buy big and then follow up with adding small amounts to what you have. Buying big will help you get a good amount of bitcoins quickly.

Buying small occasionally, otherwise known by the name of dollar cost averaging - This is method that is advised for people who are not rich, and who do not have enough money to buy big. I think if you have enough money to buy big and follow up with buying small amounts, but you just decide to buy small amounts regularly, you are not doing the best for yourself.

Basically we are smart to know the right time to buy bitcoin, because the right time is very important in investing, especially in volatile asset investments like Bitcoin. Because the value of Bitcoins varies so much, it is important to do market research and analyze trends to determine the right time to buy Bitcoins.

Indeed, different investment strategies can provide different results, as you share. Having a diversified portfolio and buying small amounts on a regular basis can help reduce investment risk and increase long-term profit opportunities. if you have enough funds, buying in large quantities at the right time can also pay off handsomely. To be sure saving in fiat is not the right choice. because when inflation occurs, saving in fiat may not be enough to protect the value of our assets from inflation.

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Quote from: Stepstowealth on April 24, 2023, 06:27:38 AM

There are only two ways to invest in bitcoins from some topics I have read in this forum, to buy a big amount of bitcoins once and to buy small amounts regularly according to a plan.

Buying big - Although this is generally not advised, I think buying big can be good if you can afford to buy big and then follow up with adding small amounts to what you have. Buying big will help you get a good amount of bitcoins quickly.

Buying small occasionally, otherwise known by the name of dollar cost averaging - This is method that is advised for people who are not rich, and who do not have enough money to buy big. I think if you have enough money to buy big and follow up with buying small amounts, but you just decide to buy small amounts regularly, you are not doing the best for yourself.

Buying big is good but considering that not everyone has the capacity to buy even one bitcoin, people that don't earn much is not even advisable to use all your earnings to buy bitcoin what i feel is even better you can set goals of what unite of bitcoin you want to buy. At least with this you can own some bitcoin too, and despite bitcoin having its own risk at least investing in bitcoin is far better than investing in shitcoin that can crash any time during this bear market a lots of projects could not survive it so the best thing is to put your faith in bitcoin and hope for the best.

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Quote from: Stepstowealth on April 24, 2023, 06:27:38 AM

There are only two ways to invest in bitcoins from some topics I have read in this forum, to buy a big amount of bitcoins once and to buy small amounts regularly according to a plan.

These two methods are often and have been carried out by crypto users, especially investing in Bitcoin, the two methods are real and facts, there are separate considerations for people to do both methods.

In general, human life, from an economic point of view, there are several factors, what people generally know is rich and poor, this is where two things are always contradictory in life, in fact they want to invest as much as possible in Bitcoin to reach a level of financial happiness for themselves. these two things always get in their way.

If you talk about investment, of course the two choices are all of our considerations, say those with a weak economy, their high willingness to want to invest in bitcoin, automatically they have to choose the second method, a different story for them the established economy the first choice is not a problem for them.

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There's no restrictions on the quantity of coins anyone should HODL.
If you're able to afford 50 BTcs.comfortably , good for you.... I cannot tell why some peeps be having a big doubt on BITCOIN's process but will still prefer to stake up some shitty coins that stands to get devalued over time.
Investing little on the other hand would also mean you haven't got much to do so... Don't let it get to the point where your cash Capital turns out the source of your survival -- cus that's exactly where peeps be saying that Bitcoin isn't profitable...._{it only means you'll be forced to sell during the buying sessions< and yunno what that means right?}

Sandra 🧑‍🦰

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Quote from: Stepstowealth on April 24, 2023, 06:27:38 AM

-snip-

I will not underestimate any patterns or ways that people convey in the selling process or in the buying process because it must be very valuable to them.
Maybe some of us have the same way of investing which is to buy in bulk and buy in small amounts occasionally.

Of the two ways to invest in Bitcoin I want to say that the best way is at the right time.
Right when buying and right when releasing it is the basis of investment.
The right time requires many ways including requiring a lot of knowledge that needs to be mastered to make it easier to do so.

What is not good is not investing at all and choosing to save in fiat in my opinion.

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Quote from: Stepstowealth on April 24, 2023, 06:27:38 AM

There are only two ways to invest in bitcoins from some topics I have read in this forum, to buy a big amount of bitcoins once and to buy small amounts regularly according to a plan.

To be sure, Buying Bitcoins can be done both in large and small volumes, depending on your desires and financial capabilities. If you have considerable wealth, you can buy large amounts of Bitcoin for a long-term investment, in either a bull market or a bear market. However, if someone has a steady income, they should consider carefully when to buy Bitcoin, especially when prices are high.

Of course, for traders, the basic rule is to buy when the price is low and sell when the price is high, with the aim of making a profit from the difference between the selling and buying prices. However, for long-term investors, DCA is often considered the best method to buy Bitcoins. DCA allows investors to buy Bitcoin consistently over time, thereby reducing risk and providing better price average returns. There are actually many ways to invest in bitcoin, but it all comes back to each of us because everyone has different financial circumstances, different investment goals and different levels of risk.

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Quote from: Stepstowealth on April 24, 2023, 06:27:38 AM

Buying big - Although this is generally not advised, I think buying big can be good if you can afford to buy big and then follow up with adding small amounts to what you have. Buying big will help you get a good amount of bitcoins quickly.

For me it's not so much a matter of quantity as how far you are prepared to buy, buying in bulk both when you understand how to invest properly and if a newcomer is not advised to take a larger approach at the start of the investment. Investment accuracy is based on the extent to which you are familiar with the correct investment pattern, mathematically it is true that when you buy in large quantities it will help you get large amounts of bitcoins.

But when you don't understand how to trade properly, then panic will make you lose the amount of bitcoins you have, the reason is because you are trying to cut your losses in the correction market. That is why buying in large quantities should be avoided for beginners who have not mastered the correct bitcoin investment method.

Quote from: Stepstowealth on April 24, 2023, 06:27:38 AM

Buying small occasionally, otherwise known by the name of dollar cost averaging - This is method that is advised for people who are not rich, and who do not have enough money to buy big. I think if you have enough money to buy big and follow up with buying small amounts, but you just decide to buy small amounts regularly, you are not doing the best for yourself.

Everyone has their own way and pattern of making purchases in bitcoin, DCA is considered an option that can be used by some people who don't hold large amounts of money, so this method helps them collect bitcoins regularly, when you have a strategy for investing you will come out victorious.

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Quote from: Stepstowealth on April 24, 2023, 06:27:38 AM

There are only two ways to invest in bitcoins from some topics I have read in this forum, to buy a big amount of bitcoins once and to buy small amounts regularly according to a plan.

Buying big - Although this is generally not advised, I think buying big can be good if you can afford to buy big and then follow up with adding small amounts to what you have. Buying big will help you get a good amount of bitcoins quickly.

Buying small occasionally, otherwise known by the name of dollar cost averaging - This is method that is advised for people who are not rich, and who do not have enough money to buy big. I think if you have enough money to buy big and follow up with buying small amounts, but you just decide to buy small amounts regularly, you are not doing the best for yourself.

You will never buy bitcoins with a large amount of wealth because you will only buy small amounts of bitcoins. If you buy Bitcoin with all your assets in one trade and the market moves down, you will definitely face huge losses. So it is better to buy bitcoins by looking at the market movement, the profit will be more if you buy small amount of bitcoins.

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Quote from: Stepstowealth on April 24, 2023, 06:27:38 AM

- This is method that is advised for people who are not rich, and who do not have enough money to buy big. I think if you have enough money to buy big and follow up with buying small amounts, but you just decide to buy small amounts regularly, you are not doing the best for yourself.

No, you are very wrong on this very statement of yours, because "Dollar Cost Averaging" method can be used by anyone, both rich and poor, and the only difference between the two is that while the rich will tend to huge amount, the poor are likely to use little amount of capital, but the truth about this method is that the higher the capital, the more profit you stand to gain. Which is far better than just buying and holding a coin for a very long time.

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Before ways to earn bitcoin is to buy using Bitcoin and sell at the same time this you ominously cycle happens to earn with the cryptocurrency another form is investing through holding a bitcoin for a long-term goal and waiting for another all-time high profit.
Today there are a lot of ways to sell services and use Bitcoin. Also another is through gambling and buying some arts and products. We can see the innovation of Bitcoin, so people are taking advantage of it.

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Quote from: Stepstowealth on April 24, 2023, 06:27:38 AM

...Buying big - Although this is generally not advised, I think buying big can be good if you can afford to buy big and then follow up with adding small amounts to what you have. Buying big will help you get a good amount of bitcoins quickly...

The main thing is that this purchase is not made at the maximum price. It is for this reason that DCA is used, which allows you to get an acceptable average cost of the purchase price. And here it doesn't matter whether you buy for a large amount or for a hundred dollars, the DCA strategy is equally useful in both cases.

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Quote from: Wakate on May 03, 2023, 04:44:51 AM

I don't really get what you mean by there are only two ways to invest in Bitcoin, buying big and buying small? There are many ways not just two to invest in Bitcoin and it is not based on the amount of fund you will be using to invest but what area you tend to invest and make some good profits.

With what he means, it's like this simple analogy.

1. Buying 1 bitcoin entirely, all at once.
2. Buying 1 bitcoin for many instances. Like having a budget set for a month or two until he reaches the amount of 1 bitcoin. He mentioned it as the DCA method.

I just have to disagree with what OP said about buying "big" is not advised. Actually, it's also advised the same as DCA. If you've got money now buy bitcoin so you won't be spending it on other matters.

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Quote from: Wakate on May 03, 2023, 04:44:51 AM

I don't really get what you mean by there are only two ways to invest in Bitcoin, buying big and buying small? There are many ways not just two to invest in Bitcoin and it is not based on the amount of fund you will be using to invest but what area you tend to invest and make some good profits.

You can decide to buy some units if Bitcoin and hold for as long as you want to hold which can give you the desired return that you want depending on how far you want to be holding. The other ways are through buying and selling your Bitcoin, staking, mining, trading which could be based on your experience or the knowledge that you have.

I think their are different ways to buy based on how one earns income and how buoyant one is. Aside bitcoin, the things we buy we don't buy it the same way, some people buy small, bit by bit or in a large form. What people needs to understand is to buy in manner that won't inconvenience them financially. When I started investing in Bitcoin I was able to afford to buy in smaller portion that I wouldn't want to inconvenience me from managing my daily life. Investment is based on how personal income and how one can manage risk involve in investing.

Topic: The two ways to invest in bitcoins. (Read 656 times)