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Topic: The two ways to invest in bitcoins. - page 5. (Read 647 times)

legendary
Activity: 1596
Merit: 1288
April 24, 2023, 10:09:07 AM
#10
It is not the only way, but there are several ways, where you can provide services or employment or provide an activity that accepts payment in Bitcoin or services and many other ways.

Investment is not when buying, but rather when selling. Therefore, the method of buying does not affect your investment, but rather how to sell and invest.
full member
Activity: 1358
Merit: 207
Catalog Websites
April 24, 2023, 09:20:29 AM
#9
Well, buy big when the price is low is a good idea that helped Many people to become successful in their investment, but if you don't have the money to buy big at the moment you can buy small and hold for the price of BTC to increase higher before you can release them for sale. Don't forget to use the money you can  afford to lose because, BTC price is unpredictable which the price can increase higher at anytime for people to experience bull season, and it can also decrease down at anytime for people to experience bear in the market. Don't forget that the two ways to invest in BTC you mentioned has risk, so they should be ready to face the risk to enable them to earn well in future.
legendary
Activity: 1974
Merit: 1108
Free Free Palestine
April 24, 2023, 08:57:48 AM
#8
In my opinion, we should not be too rigid and follow only one strategy. I mean, depending on the situation, we use different strategies, not necessarily buying once or always using the dollar cost average. 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.
legendary
Activity: 1792
Merit: 1296
Crypto Casino and Sportsbook
April 24, 2023, 08:28:09 AM
#7
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. 


But what about the "buying medium" option? This is when you buy not so rarely to "Buying small" and not so often to "Buying big". Smiley

Dear OP, there is no need to drive yourself into any framework and restrictions. Buy bitcoin as you wish, if you have the opportunity to do so, faith in the profitability of BTC and the willingness to invest in a risky asset.

There is another amazing (one of many others) option: invest in btc without buying it. Can you guess or should I give you a hint? Wink
hero member
Activity: 994
Merit: 744
April 24, 2023, 08:26:29 AM
#6
Your Bitcoin investment pattern depends on your capital and your source of income if you have enough money kept aside for the investment, If you have enough capital then it is good to buy your Bitcoin once since the price is reasonable even though no price is too high for Bitcoin investment.

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 method of buying is helpful, especially for people that want to be investing some portion of their salaries in Bitcoin, and for people that don't have a constant source of income.
hero member
Activity: 1246
Merit: 699
April 24, 2023, 07:39:21 AM
#5
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. 

more and more investors are currently using DCA for their investments which can gradually grow. but this method will be quite draining of patience, because most investment planning is done for the long term. and I'm a little skeptical of newbies coming to invest long term. more of them explored several methods. and how to invest. but they won't do it long term.
the most important thing is to take advantage of the opportunity to get as much profit as possible. every time there is an opportunity to buy, then we can do it.
legendary
Activity: 1064
Merit: 1298
Lightning network is good with small amount of BTC
April 24, 2023, 06:40:47 AM
#4
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.
It depends on the market. If the market price of bitcoin has decreased very significantly, you can buy high amount of bitcoin at once.

Let me give you an example. Assuming the price of bitcoin fall back to $20000, someone can decide to buy big and it will only lead to happiness when the price of bitcoin increase.

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. 
What is advised is to buy bitcoin, if you like you can buy small or big, depending on your pocket. If you are collecting $500 weekly, you are saving and also using money for other things and only $100 that remains, you can be using $50 or more to buy bitcoin weekly. Sometimes, buying weekly is just because you do not have much to invest or when you are not sure of where the market is going.
hero member
Activity: 868
Merit: 952
April 24, 2023, 06:38:47 AM
#3
The dollar cost averaging is actually advised just to reduce the risk of losing and also having to wait till the price gets down to a certain amount. Which might either not come through or might take longer time to come. But is not entirely bad to buy big at a time if one has the money to buy at that time. For example any price currently below the 20k and closer to 15k is my personal support level that bitcoin could fall low to currently. So any amount one has he could just buy at that time.

Having a certain planned amount to been used for bitcoin investment should be invested into it straight away although DCA is better but the longer it stays in fiat the more I feel it is not save from any inflation risk that could come. But this isn’t an advice not to have some funds on fiat though
hero member
Activity: 1288
Merit: 564
Bitcoin makes the world go 🔃
April 24, 2023, 06:35:54 AM
#2
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.
full member
Activity: 658
Merit: 172
April 24, 2023, 06:27:38 AM
#1
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. 

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