Topic: The two ways to invest in bitcoins. - page 3. (Read 649 times)

How do you DCA in the bull market? Do you mean that you keep buying even when the price is going up? I think it's better if someone only does DCA when the price is dropping so that they can accumulate more at lower prices to get a better average price for all the Bitcoins they've accumulated throughout the time when the price was dropping.

That way, when the price starts going up, they can see their portfolio growing and they won't need to buy when the price is going up since they've already filled their bag when the price was right and they've almost bought at all intervals where the price will now go through.

There are not only those two kind of bitcoin or crypto currency buying strategy. based on the source i have read, at least there are ten kind of strategy to buy bitcoin or crypto currency.  But i will focus on what we have discussed i.e buying big and dollar cost averaging. 
I prefer to use dollar cost averaging because it is more controllable. This reason also caused my buying ability is not too high. Buying small strategy gives me perfect entry and exit point to keep struggling in a crypto market.

for investors and people who have the potential to become investors, this method is the most recommended (buying bitcoins regularly with the DCA method), because you can manage your expenses properly and stably, besides that no one knows what will happen in the future In the future, when you have an urgent problem, you will not rush to sell the bitcoins that you have.

the best way to secure the future is with good financial cash flow management.

I love the idea of buying big at first then investing smaller fractions subsequently. It is reassuring to know how the outcome of an investment would be without too much noise. The dollar cost averaging or DCA as fondly called, is one sure way to keep up the discipline of saving if one has so much bill on the budget to fulfil. There's no time to pretend all is well, when it isn't actually.
Hence, why I am a fan of the DCA despite whatever opinions you hold dear.

Investing with knowledge will never lead to loss and there is no way around it. If you can analyze or analyze the market well then you don't need to know any way. If you understand the market well, you will definitely have a chance to make a profit in your investment. And it is natural that when the bitcoin market goes down, investing in bitcoins can certainly be profitable in the future. But you can't invest when the market is moving up. So you have to keep in mind that you invest when the market goes down and sell when it goes up.

The dollar cost averaging method still remains my best way to accumulate Bitcoin. It is my way of buying small. However, during the bear market, I buy in large quantities. I think this is just automatic for every bitcoiners. That is, we buy more during the bear market and DCA during the bull market. It is like adapting to fit the market.

Actually there are many ways to buy Bitcoin and invest in it, but the most common and popular people use is to do it by DCA, and maybe some of them do it by buying one time and this method I think is more aimed at those who are big investors , but basically it's almost the same only in different quantities. but I think those who are big investors will still do DCA but in relatively high or moderate quantities.

Whatever the way(s) we used, the most important is that we are investing in Bitcoin.
We bought Bitcoin depending on our capability and the said limitation. We come into this kind of investment hoping that one day this will give us a better future. Like what I did, I accumulate little by little, DCA is what I mean. I have no plan of reaching out to 1BTC nor do I hold long-term because what I plan is to just sell them when the price is high enough to give me some profit.

Why do you thing buying big is generally not advised? If you are having enough money and you have done your research and you believe that’s the best time to buy, you can just buy at once and leave it in your wallet, actually I will recommend this for people that are planning to hold the bitcoin for long time, you don’t have to start studying the market just because of $1 or $2 difference, the only people that should be studying the market frequently are the day trader’s, but if you are holding for long time, just do your analysis and know when to buy.

Buying small occasionally is not a bad idea, maybe you are the type that’s been paid daily, weekly or monthly, you can be removing from part of your salary and buying bitcoin with it, no amount is too small to invest in bitcoin and no amount is too big to invest in bitcoin, but invest any amount you can afford to lose and don’t invest any amount that will hurt you after investing.

Indeed, when you want to invest in bitcoin, the methods you mentioned are often used by bitcoin investors. Because these methods are some of the basic techniques used in purchasing bitcoins, so that they are more efficient when they want to set prices and can get bigger profits. But that's only part of the technique, there are still a number of other techniques, which can be used when you want to invest in bitcoin. So if you call it only two ways, in my opinion your opinion is not quite right. More precisely, you can call it one of the buying techniques when you want to invest in bitcoin.

And you don't forget about the analysis that must be mature every time you make a bitcoin purchase. Because even though you use the technique or method that you described, you don't use good analytical techniques. Still the result will be less effective. Because analyzing the market is one of the most effective ways to make us profit by investing in bitcoin.

It could also be that if they don't want to buy when bitcoin hits $15k, then if bitcoin drops to $12k, they'll most likely wait to buy at $10k, LOL.
I want to know, what do you do next if bitcoin crosses $30k because I don't find bitcoins past $30k too hard? We are very close and will most likely break through that level this month, and we still have a long way to go until the bull season arrives.
As for me, I have also accumulated bitcoins throughout 2022 and will continue to accumulate until the halving happens, or if bitcoin is still lower than the old ATH, I still don't mind buying.

People mostly buy according to what they can afford and People would want to also but big if they feel they are buying at the lowest bottom of the market.  Their is no specific method on how  people should buy bitcoin,  I think people buy in a way which buying must suit their income or capital. When buying it is not advisable to buy big that can't be afford to lose, buying bit by bit of what one can afford is the best way to buy. I do not know your definition of what you mean by buying big, but if it should be big it  should be what one can afford to lose and not with 80% of savings, but something you know you will not really depend on  in a short time.

In such cases, I say that if they did not buy at a price of 15k, then where is the guarantee that they will buy at a price of 12k? Although I'm not sure if the price will drop that low, it looks like this correction will not be long and Bitcoin is turning up at the moment. If the price still continues to rise now, then it will be possible to say that the best time to buy has been missed. And it’s hard to say how to proceed further for those who have not bought yet, I bought the whole of 2022 and plan to buy until the price exceeds 30k, this is my plan that I made from the very beginning of investing and which I will stick to. I think having a plan is very important in any business.

Dollar cost avarege is the best way to invest in Bitcoin or any other altcoins. Because when you buy a big amount in a short time you may have a risk to lose funds if market crash. Again if you buy a little amount and when dumps again buy more then your portfolio will grow according to your investment plan and there will be a little risk because you still have funds to invest if market dumps. So always do DCA effectively and that's my opinion.

You can also buy a big amount if you are fully confident about the market movement then it will be more profitable. But in most of the cases DCA wins. So choice is yours.

Investing in smaller amounts is recommended for those who want to invest in Bitcoin but cannot accept the high risk of loss from their investment.

For most people who invest in Bitcoin with smaller amounts of money, losing some of their investment is not a problem because usually this money comes from their reserves, which they are okay with losing. In contrast to those who invest large amounts of money, usually they have the potential to regret and think Bitcoin is a scam when they lose their investment, because they invest with money they are not willing to lose and indeed their thoughts about Bitcoin from the start can make them richer faster

Sorry guys I don't think the use of DCA is just limited to people who only have a small amount of money or can't afford to buy a large amount at once. But this DCA can also be applied in some conditions.

- As in conditions when there are indications that predict the market will experience a decline (bearish market). So that regular and regular purchases can actually prevent us from buying at high prices. so that if every week there is a decrease then we can buy at a cheaper price every week. So the average purchase price we become cheaper.

- Other conditions might indeed be possible when we only want to invest with the money that we set aside every time we receive a salary every month or every week. Regardless of the price when purchasing because we focus on the long term.
And many other good conditions if we apply DCA. because DCA is also pretty good at maintaining the investor's mentality in accumulating bitcoins.

Because if we buy BTC in large quantities at once or in one purchase then I think our psychology is prone to panic. if after the purchase it turns out that the market has experienced a deep correction. So I still don't recommend it even to rich people.

I also learned to accumulate patiently or it could be in other ways such as purchases made every time there was a decline. and we are ready to accumulate at every price level that we mark (Average Down). I was taught a few months ago about this one way by my friend. But he said that this method can only be done in a bearish trending market.

It is not difficult to purchase a large quantity of bitcoins, but you must have a source of income that allows you to do so. It has been stated that you can purchase bitcoins in large or small quantities, making it clear that neither is required. This means you can purchase bitcoins with any amount of cash you have to purchase and hold. If you truly understand the investment process, it is also very easy to make a profit.
We are all aware that the price of bitcoin fluctuates over time, so investing in it today does not guarantee a profit tomorrow. If you believe that a large investment won't be successful or feel comfortable making a small investment from the money you already have, don't be overly eager to take on risk.

There are many ways to invest in bitcoin, your two ways of investment suggestion is well appreciated.

I am the guy who believes in moderate investment because anything less than 50$ investment will be hard for anyone to make a profit from their investment unless they hold their coins for a long period of time. Moderate amount for me anything between 300$-500$, it is the amount where you can make a profit by trading bitcoin.

But make sure you should invest in any amount that you will be afford to bear the risk, and make sure any money you are investing in bitcoin, you won't be needing it for that particular moment, don't invest the amount u will be needing in few days. The DCA investment way is one the best for small investors who can not afford big capital to invest in Bitcoin at beginning. And the DCA to grow ownership by buying it periodically according to the bitcoin price situation. Buying big depends on your financial capability as well as your awareness of market activities.

LoL, talking about most people in the forum, yeah, that's absolutely the truth. Some people just have one reason or another for not buying yet. Although investing in Bitcoin is not a forceful thing to do, let them invest when they feel comfortable, like when they are fully convinced and when they can hold. While it's being overlooked as just a common thing, I think the ability to hold Bitcoin for a long time is an uncommon skill that some people do not have, and that's also a reason why they would not buy because they think even if they did, it must be at a very low price so they don't get so panic when price wall and could be forced the sell.

Whoever is speculating $12k now is just speculating something so unlikely to occur, but perhaps we can see $22k again (just my thoughts).