Topic: The two ways to invest in bitcoins. - page 4. (Read 647 times)
You have spoken about Bitcoin investment by rich, average and poor investors which all depends on Buying from an already existing store or wallet. But I have heard people talk about buying an ASIC that is capable of mining bitcoin (such as CGminer, BFg miner etc) is that not also a way of investing in bitcoin or is there nothing like bitcoin mining software applications??
yes, there are different ways to buy btc, but the most important thing is a good buying system and analysis before buying, and in my opinion whether the amount of money is big or small, I think it's the same.
but it would be better if the big money also used the dca system.
but it would be better if the big money also used the dca system.
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 big depends on your financial capability as well as your awareness of market activities. Those who are new to the market and are unable to tolerate market volatility should refrain from making large purchases. This is also a good option for individuals who want to start trading because they can buy a small bit of it and learn how to trade with it to limit the chance of loss.
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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.
The Dollar Cost Averaging approach is appropriate for everyone, rich or poor. It simply relies on how much money you are willing to spend on purchasing at that period when the cost is quite considerable. Both rich and poor people desire to buy while the price is low, but it all depends on how many bitcoin they can afford to acquire at that moment while still having enough money for daily self-consumption.
Of the two ways to buy bitcoins, it is better to invest with a small amount when starting a new investment. Otherwise, if you face a loss by investing more money, you will not continue to invest later. I think investing should be done when the market is down. And when the position of the market goes up, selling bitcoins can be easily profitable by investing in bitcoins.
For example, when bitcoin fell to $15k last year, that was too low a drop, we should buy a large amount instead of still using DCA with only 10% or 30% capital.
By the way, there may be some risk as there is still a chance that bitcoin will continue to fall, but if calculated carefully, the profit will be much larger than DCA. I also bought a bulk for $17 last year, and I missed under $16k, but the difference for me was negligible.
By the way, there may be some risk as there is still a chance that bitcoin will continue to fall, but if calculated carefully, the profit will be much larger than DCA. I also bought a bulk for $17 last year, and I missed under $16k, but the difference for me was negligible.
That's correct, but it's still not a surprise that some people don't really have a planned price they want to buy; some people just want to always be a lamer in the crypto space. At $15k, some people are still speculating for $10k or $8k, but they fail to realize that buying Bitcoin below $19k is really a perfect opportunity. and even if the price dropped, the difference wouldn't be that much. Some people are afraid of the perfect time to buy; they feel if they buy at a certain price below $20k, it might still fall more, but even if they are afraid, they can divide their capital into two or three places and invest one portion, although it depends on how huge the capital they even have.
Last year, a friend waited to buy at $12k based on his speculation. From the advice he gathered on YouTube and other platforms, he became so convinced that Bitcoin would fall to $12k that even when the price spiked from $15k to $17,000, he still believed it would dump more. It wasn't until this year that he finally bought it for $20,000. So if he had bought when it was still less, he would have made more profit; even without the DCA, he would have at least used some of his capital to buy at the $15k price while still waiting for his speculated price.
It doesn't just happen to your friend, I've seen it happen to many people on this forum, many of whom haven't even bought any bitcoins yet. Some are still waiting in vain for bitcoin to drop to $12k, while some are growing impatient and asking people the best time to buy bitcoin this year.
I know bear season isn't over yet, but expecting bitcoin to drop below $16k again is highly unlikely, and now is still the perfect time to accumulate bitcoin. But they continue to question whether to buy or not and still wait.
There are several ways to invest in Bitcoin my dear apart from the two which you just mentioned above such as buying big and buying a small regular consistent amount, as the other ways to invest in Bitcoin include mining whereby all a user need is buy a mining equipment which does the work of solving complex algorithms and validate transactions on the Bitcoin network, and in exchange receive a reward in Bitcoin daily. While the other involves Bitcoin Future trading whereby whereby investors are allowed to speculate on the future price of Bitcoin and if they could be correct, end up receiving a reward.
It's still a good way of introducing the most popular or common ways of investing in Bitcoin. Since there's a lot of people who invest in a volatile situation not knowing what's their plan. Financial status also have a major role in investing in Bitcoin, since your puting your money at stake and risk that you are not sure that you'll profit or not. You should know your status for you to not blindly invest.
There’s a lot of way to purchased Bitcoin and you only mention the popular which is the DCA. You can buy anytime that you want big or small simultaneously at different price level or in random pattern depends on your current financial capabilities. The method of buying Bitcoin is not bound on any rules or method since anyone can freely accumulate whenever and whatever they want because Bitcoin gives us financial freedom to control our investment.
Saying there’s only two way on buying Bitcoin is wrong because there’s a lot of possible combinations and irregular patterns to do it. Also this is not ways on buying Bitcoin but rather a measurement on when to buy Bitcoin.
isn't the DCA you mentioned the Dollar cost Average op indicated in his post??.Saying there’s only two way on buying Bitcoin is wrong because there’s a lot of possible combinations and irregular patterns to do it. Also this is not ways on buying Bitcoin but rather a measurement on when to buy Bitcoin.
Is the a difference, why and how??
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 - 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.
Dollar-cost average works well for me, For someone who doesn't have a lot of funds to invest, DCA helps you to accumulate Bitcoin easily, it was just similar to saving but most of the time I lower the amount of Bitcoin that I buy especially if the market price is up to a certain percentage, I think it's a better strategy than buying same amount every time, then I increase my buying power when the market price is down.
Anyway, the important thing is you buy and accumulate Bitcoin in the long term, it's always gonna end up a profit as long as your going to buy low and sell high. Investing 1$ every day in bitcoin over the last five years
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.
You also have to pay attention to market conditions when you want to buy in large quantities, which requires analysis so you don't enter at the wrong time. Buying in large quantities can still be done by investors who have deep pockets, the falling price of Bitcoin is a delicious meal for them to get Bitcoin at low prices.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.
I personally prefer to use CDA, part of the income I get from real work I invest in Bitcoin. Do it regularly without having to be afraid of losing, Bitcoin always provides multiple profits for those who are able to be patient. 
We can not say it is good or bad with Buying big and Buying small occasionally (DCA). It depends on each investor.
This is helpful for new investors to avoid panic, fear, uncertainty in this volatile market. This potentially helps newbie investors to become successful investors.
DCA tools:
https://dcabtc.com/
https://coinmarketcap.com/portfolio-tracker/
https://www.coingecko.com/en/portfolio
You can create your free accounts on Coinmarketcap, Coingecko and practice your demo DCA and see how DCA works.
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.
If you have solid belief in Bitcoin, you can buy a big amount and hold it. This requires you to have very solid belief which can not be affected by news, fuds, market volatility. It is for very professional and successful investors. However, even if you are such investor, DCA is helpful for you.Quote
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.
The DCA investment way is best for small investors who can not afford big capital to invest in Bitcoin at beginning. However, they can accumulate bitcoin gradually by DCA and slowly increase their total capital in Bitcoin.This is helpful for new investors to avoid panic, fear, uncertainty in this volatile market. This potentially helps newbie investors to become successful investors.
DCA tools:
https://dcabtc.com/
https://coinmarketcap.com/portfolio-tracker/
https://www.coingecko.com/en/portfolio
You can create your free accounts on Coinmarketcap, Coingecko and practice your demo DCA and see how DCA works.
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.
That both only if you have money, if not how do you invest?. Like me a long time ago, I don't have work and don't have money, so I can't invest in Bitcoin. But, I find another way to invest a bitcoin by joining a signature campaign where I get paid with bitcoin. It looks hard in 1st time because I have to suffice your needs also. then I have a strategy to spend it half and the rest I saved in bitcoin.
The best way to buy bitcoins is when you decided to forsake your bad habits and turn them into bitcoins, there will be no other good choice than that. imagine, instead of buying packs of cigarettes and alcohol, you will gonna spend that money on buying bitcoins until you no longer want to have those habits what's really good about that is you are keeping your money safe and have a higher chance to increase its amount up to decent percentage and sometimes it increases up to the point you never think of it especially when bitcoin's price reaches new ATH.
For those people that can afford to buy one bitcoin entirely or you've said to buy big, they'll definitely without a doubt buy all at once when they've got money because it might be spent into some other things if they don't buy immediately.
While for the majority of us, we choose to do it with little amounts because not everyone can afford to buy one bitcoin. But with this practice, it's the most recommended one because we're almost in the same situation that there's a limit with our budget.
The important thing whether you're the first or the second one is, we are accumulating bitcoin in the best ways that we can.
While for the majority of us, we choose to do it with little amounts because not everyone can afford to buy one bitcoin. But with this practice, it's the most recommended one because we're almost in the same situation that there's a limit with our budget.
The important thing whether you're the first or the second one is, we are accumulating bitcoin in the best ways that we can.
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For example, when bitcoin fell to $15k last year, that was too low a drop, we should buy a large amount instead of still using DCA with only 10% or 30% capital.
By the way, there may be some risk as there is still a chance that bitcoin will continue to fall, but if calculated carefully, the profit will be much larger than DCA. I also bought a bulk for $17 last year, and I missed under $16k, but the difference for me was negligible.
By the way, there may be some risk as there is still a chance that bitcoin will continue to fall, but if calculated carefully, the profit will be much larger than DCA. I also bought a bulk for $17 last year, and I missed under $16k, but the difference for me was negligible.
That's correct, but it's still not a surprise that some people don't really have a planned price they want to buy; some people just want to always be a lamer in the crypto space. At $15k, some people are still speculating for $10k or $8k, but they fail to realize that buying Bitcoin below $19k is really a perfect opportunity. and even if the price dropped, the difference wouldn't be that much. Some people are afraid of the perfect time to buy; they feel if they buy at a certain price below $20k, it might still fall more, but even if they are afraid, they can divide their capital into two or three places and invest one portion, although it depends on how huge the capital they even have.
Last year, a friend waited to buy at $12k based on his speculation. From the advice he gathered on YouTube and other platforms, he became so convinced that Bitcoin would fall to $12k that even when the price spiked from $15k to $17,000, he still believed it would dump more. It wasn't until this year that he finally bought it for $20,000. So if he had bought when it was still less, he would have made more profit; even without the DCA, he would have at least used some of his capital to buy at the $15k price while still waiting for his speculated price.
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.
I don't see any difference in buying big and buying gradually, the only thing I know is just make sure you hold bitcoin, if you are having big money, then you can buy at once and if you are the type that's working and you decided to be buying with the money you are making gradually its not also a bad idea. But make sure you are investing any amount that won't be hurting you, 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. 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.
Before investing, you should first calculate how much money you can use to invest and plan carefully.
You cannot use 30% -50% of your money from your income or savings to invest in bitcoin because you need money to meet your daily needs.
You must remember that in investing, you must use the money you can afford to anticipate if the market is not good so you still have money to survive.
So, in that case, maybe dollar cost averaging would be the method of choice for many people because they don't take that much of a risk.
But all of that will come back to each person investing in bitcoin.
You cannot use 30% -50% of your money from your income or savings to invest in bitcoin because you need money to meet your daily needs.
You must remember that in investing, you must use the money you can afford to anticipate if the market is not good so you still have money to survive.
So, in that case, maybe dollar cost averaging would be the method of choice for many people because they don't take that much of a risk.
But all of that will come back to each person investing in bitcoin.
Isn't this just the same? You are just buying it and just with different volume. That's not really "two" in terms of investing.
Maybe you can think about it like this. You do some freelance work on the internet and you charge them in BTC. That way, you are exchange your time for BTC. That's another form of investing and it could lead you great results too if you are able to really pump up the value that you are doing.
Maybe you can think about it like this. You do some freelance work on the internet and you charge them in BTC. That way, you are exchange your time for BTC. That's another form of investing and it could lead you great results too if you are able to really pump up the value that you are doing.
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.
Dollar cost averaging is not used by people who are not rich or don't have enough money, it's used by those who do not want to time their entry into the market and choose to just buy at regular intervals. Microstrategy buys Bitcoin regularly, thousands of dollars worth of it at different times; which is a form of DCA but not done with small amounts.• Matt could DCA with $100,000 worth of bitcoin every month, while
• Bob buys $50 worth of Bitcoin monthly.
These are different levels of investors but every one of them could DCA.
Buying big or small still falls back to how much you can afford. Investing an amount one can afford to lose has also remained the gospel. As far as Bitcoin and crypto currency investment is concerned the market cannot be 100% predicted. Which ever amount one's category falls under be it big capital investment or small capital it should be within the amount that can be affordable to lose by such person.
Never forget Bitcoin is not a get rich scheme asset. If one must be a millionaire by holding bitcoin the should be willing to invest in billions as the market structure stands at the moment we use money to get back money and the bigger the risk the bigger the reward and also the bigger the loss.
Never forget Bitcoin is not a get rich scheme asset. If one must be a millionaire by holding bitcoin the should be willing to invest in billions as the market structure stands at the moment we use money to get back money and the bigger the risk the bigger the reward and also the bigger the loss.
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