For the beginner investing for long term period is the best way to invest in bitcoin behind lack knowledge about bitcoin and still do not know more about any aspect make bitcoin will drop or pump.
During learn more about bitcoin for beginner invest as long term way become most effective how to earn profitable in bitcoin than becoming daily trading with difficulty how to manage market price condition.
But all beginner have huge ambition when investing in bitcoin want to earn faster profitable with large amount, its too difficult dreaming how possibility still beginner and want to earn much profitable when investing in bitcoin but has short term moment.
Topic: Ways to invest in Bitcoin. (Read 227 times)
I don't know if anyone has talked about this before in this forum if anyone has done it before please pardon me I'm ignorant.
A lot of people especially my follow newbies are curious to know the various ways in which they can invest in Bitcoin, when it comes to bitcoin investment there are three main ways which one can invest and become productive.
Almost every day we talk about formats like this and will continue to be talked about as long as the available discussions talk about the issue. The method as you mentioned below is generally done like that and maybe we can see the suitability with the abilities that are owned because not everyone has the same knowledge so there are people who are able to run investments, trading or mining. When we choose to run one of the three then it should be a choice and we are aware of understanding and have the right knowledge.A lot of people especially my follow newbies are curious to know the various ways in which they can invest in Bitcoin, when it comes to bitcoin investment there are three main ways which one can invest and become productive.
Usually beginners do not have the ability to trade or mine, the only one who is most likely to invest. If they have the ability to run trading or mining then they are no longer called beginners. At this level, beginners are advised to learn to understand what they can do and not force desires that they are not able to do.
To be honest, if someone has money to invest on the market then it's best to do a lump sum so that you won't have any emotional barrier upon doing that. Why I said that? It's because when someone is trying to invest on Bitcoin during the dips, the investor might feel that there's gonna be another fall and there will be some delay of investing due to the fact that it might fall lower again upon waiting.
Having fear if the price of bitcoin will go dip can even make one not to be able to use any of the strategies. No matter the strategy one chooses to buy bitcoin if there is fear of buying in the dip it can deprive one from buying bitcoin. Quote
Yes, DCA is a good one but with that kind of money, and you know that it is the dip, you have the choice to buy it on the lumpsum for you to just spend that money away to the market and you only have to think about waiting.
All strategies are good to invest bitcoin but investors needs to go with the strategy that they can afford that can align with their financial capability. Those who apply the DCA method of investing are active investors that are ready to buy bitcoin from time to time , while the lumpsum are investors that can afford to buy bitcoin with a particular amount and hodl for a longtime to make good profits.
I think the best way to invest for beginners is to invest in Bitcoin with money from signature campaigns. In this way they do not have to face much loss if they lose wealth from the investment. For beginners I would never suggest investing in Bitcoin/any crypto currency from own funds. It would be better for him to make himself a skilled investor by first investing the money earned through signature promotion from this forum and later invest in different methods.
A traditional yet indirect way to invest in BTC is to purchase shares of Bitcoin Maximalist Michael J. Saylor's company MicroStrategy (Nasdaq: MSTR).
The company is widely considered to be a bitcoin proxy due to its massive holdings.
As of June 24, 2024, MicroStrategy owns 226,331 Bitcoin, surpassing 1% of all Bitcoin in circulation, making it the largest corporate holder of Bitcoin globally.
https://bitcointreasuries.com/microstrategy/
While I choose to own shares of MSTR as part of my investment portfolio, You should, as always, do your own research and determine if this asset matches your investment profile.
The company is widely considered to be a bitcoin proxy due to its massive holdings.
As of June 24, 2024, MicroStrategy owns 226,331 Bitcoin, surpassing 1% of all Bitcoin in circulation, making it the largest corporate holder of Bitcoin globally.
https://bitcointreasuries.com/microstrategy/
While I choose to own shares of MSTR as part of my investment portfolio, You should, as always, do your own research and determine if this asset matches your investment profile.
DCA strategy ( Dollar Cost Averaging): this is an investment strategy where you buy Bitcoin at a regular interval, not minding the price. One can just set a particular amount which he or she will be using to buy Bitcoin it could be weekly or monthly. I'm using the strategy and it has been a wonderful experience so far
DCA Strategy of accumulating is good because it is stress-free and you don't have to be looking for huge sum of money before you start investing,as long as you have your monthly income ,it enable the investor to buy Bitcoin always without having issues with purchasing fund it's for all class of people if you prefer it. Using dca strategy,it allows you to buy and accumulate Bitcoin more when the price is low and less when the price of Bitcoin goes up and has little risk. I don't know if anyone has talked about this before in this forum if anyone has done it before please pardon me I'm ignorant.
Yes, there have actually been a lot of people discussing and creating threads about this. But that's okay, more reminders. As long as the delivery is clearer, it will be much more interesting for the discussion.The essence of investment is: patience and also the ability to analyze what crypto has the most potential for investment. because, investment means holding, more to long term. So it would be much better if we knew and understood what coins have potential and are far from dead coins for a certain period of time. And this is quite important to do analysis. If you are too lazy to analyze, it's better to invest only in Bitcoin, the best one.
DCA strategy ( Dollar Cost Averaging)
There is no doubt about this, there is a lot of strong evidence that proves that DCA is a very effective strategy to use or implement in crypto investment. See this post, it's been discussed about DCA and other ways clearly.
https://bitcointalksearch.org/topic/what-do-you-think-lump-sum-vs-dca-best-accumulation-strategy-5484624
And once more, this is not only for newbies, this is done moreover by many people in this crypto space. Meanwhile, for newbies, unfortunately, many people ignore this strategy and are more interested in investing in hype coins, which actually carry very big risks.
I don't know if anyone has talked about this before in this forum if anyone has done it before please pardon me I'm ignorant.
You don't need to be this ignorant, all you need to do is just have a look around and you will find plenty of posts and threads discussing the same things.
Mining:
Mining involves using computers to solve complex mathematical problems in order to earn Bitcoin as a reward. Me and my friends once mined Bitcoin on a particular app I think the app is called Bitcoin mining.
This process of mining will take you a lot of time and is also data consuming you need to have a lot of data to do this.
Mining involves using computers to solve complex mathematical problems in order to earn Bitcoin as a reward. Me and my friends once mined Bitcoin on a particular app I think the app is called Bitcoin mining.
This process of mining will take you a lot of time and is also data consuming you need to have a lot of data to do this.
What year was it exactly? If you are talking about initial years of Bitcoin's launch then it's possible, but if you are talking about recent years then let me tell you that individual mining is not profitable anymore, and besides, you can't use a computer to mine Bitcoins anymore, you need mining equipment and a lot of them to be able to mine a block because the difficulty is extremely high, and if you say you used an app called Bitcoin mining, I think maybe you and your friends used a Cloud Mining service which are 99% of time scams.
I don't know if anyone has talked about this before in this forum if anyone has done it before please pardon me I'm ignorant.
There is no excuse for making mistakes here even if you are a newbie next time in order to be certain if someone else have made a similar post and to prevent duplicate posts you need to make use of the search feature or ninjastic.space to search the forum.
A lot of people especially my follow newbies are curious to know the various ways in which they can invest in Bitcoin, when it comes to bitcoin investment there are three main ways which one can invest and become productive.
You have come up with good post but it is very obvious that such topics must have already been discussed that’s why you need to learn how to search the forum.
Here is a more advanced post about bitcoin investment strategies similar to yours.
JJG’s Outline of Bitcoin Investment Ideas
Bro why should I use smart DCA i like saying hybrid DCA, or naming others by their names, because DCA is DCA every other update in DCA strategy will be just a self-optimized strategy still it will be called DCA, in the case of Hybrid it represents DCA with selenious investment using other strategies as well. Hope so you've got my point.
Yup, DCA should not be the preference of short-term investors, now i won't make it more complex by mentioning any time frame.
I also tried to say the same that changing the name of DCA whenever a person change the method slightly won't make a big difference. In other words, yeah I do understand what your point is, everyone has there own choice if you want to say hybrid then it's your choice, I just shared what I read with others, as don't want to share or make something out of my imagination. No offense you are right hybrid suits best here as well.Yup, DCA should not be the preference of short-term investors, now i won't make it more complex by mentioning any time frame.
Its not that complex dear, its very simple like, DCA is a method to invest funds after equal interval of time, anytime, you can buy any amount of BTC as well. Its totally a variable thing not a contestant one. Our main aim is to buy BTC as low as possible, whatever will be our aim, we can achieve it by changing some part of the DCA or adding it with some other method like buying low, lump sump, waiting for market to correct it self, don't give a F about market just buy as much BTC as we can, or just some amount of BTC only.
Yeah there is a term called smart DCA. So you can use smart DCA term in place of hybrid DCA. It has the same meaning, there are many types of DCA strategies i.e. Hyper DCA. I learned about a few terms as well but that's just different names of the same term DCA.
In different scenarios, just like in hype DCA you are buying despite the ups and downs, To know more you can learn here --> DCA, the most convenient way to increase your bitcoin as an investor. Hybrid is also a good word we can prefer to use it as well. But as I said, every different term with DCA in it related to a situation where people are buying BTC at last some are doing lump sum and some are doing in parts. Overall its just accumulation, as far as you are accumulating BTC over the long period or in short period, you are good point is DCA is for longer investment means you have to hold these BTC for longer period of time in order to see some profits.
In different scenarios, just like in hype DCA you are buying despite the ups and downs, To know more you can learn here --> DCA, the most convenient way to increase your bitcoin as an investor. Hybrid is also a good word we can prefer to use it as well. But as I said, every different term with DCA in it related to a situation where people are buying BTC at last some are doing lump sum and some are doing in parts. Overall its just accumulation, as far as you are accumulating BTC over the long period or in short period, you are good point is DCA is for longer investment means you have to hold these BTC for longer period of time in order to see some profits.
Bro why should I use smart DCA i like saying hybrid DCA, or naming others by their names, because DCA is DCA every other update in DCA strategy will be just a self-optimized strategy still it will be called DCA, in the case of Hybrid it represents DCA with selenious investment using other strategies as well. Hope so you've got my point.
Yup, DCA should not be the preference of short-term investors, now i won't make it more complex by mentioning any time frame.
Edit: what a coincidence fellows, I just got a quote from an old DCA related thread check this thread as well, in order to avoid some misconceptions.
Failed DCA Strategy When Buying Bitcoin
Yeah there is a term called smart DCA. So you can use smart DCA term in place of hybrid DCA. It has the same meaning, there are many types of DCA strategies i.e. Hyper DCA. I learned about a few terms as well but that's just different names of the same term DCA.
Here is Smart DCA topic.DCA vs Smart DCA, what do you choose?
Use this free dashboard but you need to create a free account to access.
https://cryptoquant.com/community/dashboard/650de954ca432c72d6ef82b1
Haha, DCA is a good one for the newbies, and if you say, DCA is the best nope it's not, its good in the factor for risk management and for those who possess little understanding about the market and want to make efficient accumulation without spending much time on analysis and other things.
There's no perfect strategy for the perfect accumulation, but in my view, the combo of DCA with the Lump Sum and Dips is crazy you can call it a hybrid kind of thing i wont explain it with figures but yup, if you are quite experienced and little active in market price action reading, hybrid is the best way for your accumulation.
Yeah there is a term called smart DCA. So you can use smart DCA term in place of hybrid DCA. It has the same meaning, there are many types of DCA strategies i.e. Hyper DCA. I learned about a few terms as well but that's just different names of the same term DCA.There's no perfect strategy for the perfect accumulation, but in my view, the combo of DCA with the Lump Sum and Dips is crazy you can call it a hybrid kind of thing i wont explain it with figures but yup, if you are quite experienced and little active in market price action reading, hybrid is the best way for your accumulation.
In different scenarios, just like in hype DCA you are buying despite the ups and downs, To know more you can learn here --> DCA, the most convenient way to increase your bitcoin as an investor. Hybrid is also a good word we can prefer to use it as well. But as I said, every different term with DCA in it related to a situation where people are buying BTC at last some are doing lump sum and some are doing in parts. Overall its just accumulation, as far as you are accumulating BTC over the long period or in short period, you are good point is DCA is for longer investment means you have to hold these BTC for longer period of time in order to see some profits.
Obviously, mining is no longer possible, at least for solo mining, it will cost you a lot of money and electricity so it's not feasible. As far as those mentioned by the OP, just DCA is the best one since this is applicable to everyone, from average Joe investors to big whales and institutions.
Lump sum might be good if you have that big capital and you time the market to buy when the price did go to a downward spiral.
You might want to look at @JayJuanGee [ANN] JJG Sustainable Bitcoin Withdrawal Strategy.
Lump sum might be good if you have that big capital and you time the market to buy when the price did go to a downward spiral.
You might want to look at @JayJuanGee [ANN] JJG Sustainable Bitcoin Withdrawal Strategy.
A lot has been said about all these strategies, if only you had made some further research using the search buttons then you should have seen a lot topics aswell. Beside that, it is of our benefits to be constantly reminded to continue investing using every suitable approaches without having a break down financially or by any means tend to affect our portfolio.
The OP is disingenuous when talking about his ignorance of the topic of investing. He often communicates on another, more popular topic about holding Bitcoin, so opening another topic and pretending to be someone who is talking about this for the first time on the forum is simply ridiculous.
But, OP, we know everyone loves and wants merit.
The main advantage of buying and holding is that it is simple and straightforward.
Looks can be deceiving... Most newcomers tend to ignore the importance of having a secure wallet for their assets and when the time comes to spend those assets, they'll hit a roadblock!Mining involves using computers to solve complex mathematical problems in order to earn Bitcoin as a reward.
It's ASICs now!Me and my friends once mined Bitcoin on a particular app I think the app is called Bitcoin mining.
This process of mining will take you a lot of time and is also data consuming you need to have a lot of data to do this.
Normally, it won't use a lot of bandwidth [I'm blaming it on the app that you and your friends were using at the time (e.g. perhaps it was tracking a lot of stuff)]! This process of mining will take you a lot of time and is also data consuming you need to have a lot of data to do this.
A lot has been said about all these strategies, if only you had made some further research using the search buttons then you should have seen a lot topics aswell. Beside that, it is of our benefits to be constantly reminded to continue investing using every suitable approaches without having a break down financially or by any means tend to affect our portfolio.
The DCA is known for its absolute advantage in the market, where as this strategy can be done during the bear and bull season or even Bitcoin in the consolidation state. Many investors use this way to invest, but a more successful investor will likely be able to feature different patterns according to how the market is flowing. For example: if the market has Dipped to a point where the investor finds interest, meanwhile he has been Dcaing all through the stages of the Dip, he might then decide to lump sum on buying the the Dip as long there is availablity of funds and that also wouldn't stop him from continuing his DCAING.
The DCA is known for its absolute advantage in the market, where as this strategy can be done during the bear and bull season or even Bitcoin in the consolidation state. Many investors use this way to invest, but a more successful investor will likely be able to feature different patterns according to how the market is flowing. For example: if the market has Dipped to a point where the investor finds interest, meanwhile he has been Dcaing all through the stages of the Dip, he might then decide to lump sum on buying the the Dip as long there is availablity of funds and that also wouldn't stop him from continuing his DCAING.
DCA is a good one for the newbies, and if you say, DCA is the best nope it's not, its good in the factor for risk management and for those who possess little understanding about the market and want to make efficient accumulation without spending much time on analysis and other things
DCA is a good strategy for not only newbies. You are not newbie but it does not mean with your experience, you will be able to control your emotion, psychology and make right decisions in the market.Human can be affected by fear, uncertainty and greed so DCA strategy is here to help human investors to avoid negative effects from Fear, Greed, Uncertainty.
Websites for Dollar Cost Averaging DCA
El Salvador, Micro Strategy got good profit with DCA for their investment. We can do the same and get good profit with our Bitcoin investment, with DCA too.
https://nayibtracker.com/
https://saylortracker.com/
To be honest, if someone has money to invest on the market then it's best to do a lump sum so that you won't have any emotional barrier upon doing that. Why I said that? It's because when someone is trying to invest on Bitcoin during the dips, the investor might feel that there's gonna be another fall and there will be some delay of investing due to the fact that it might fall lower again upon waiting. Yes, DCA is a good one but with that kind of money, and you know that it is the dip, you have the choice to buy it on the lumpsum for you to just spend that money away to the market and you only have to think about waiting.
You are right and that is if you have prepared for the dip and you were lucky enough that the market dipIf not waiting for the dip is not a good approach to inv3in bitcoin if you are no coiner or low coiner bec2whike you are waiting, the dip might not come. DCA is good for new beginners as long as they are consistent with their bitcoin accumulation regularly weekly or monthly. Buying at the dip is good for those whose bitcoin portfolio have reached a certain level or 50% and above of your bitcoin target. Lump sum is good when you lump sum immediately you have the money either in the dip or not.
Mining:
Mining involves using computers to solve complex mathematical problems in order to earn Bitcoin as a reward. Me and my friends once mined Bitcoin on a particular app I think the app is called Bitcoin mining.
This process of mining will take you a lot of time and is also data consuming you need to have a lot of data to do this.
I’m curious to know if you and your friends earned Bitcoins through this process. Bitcoin mining isn’t the easiest way to earn bitcoins as it is expensive to run a bitcoin mining operation. And beginners who do not have that much money to start often get themselves involved in bitcoin mining apps. I’m not a fan of these mining apps because there is a high probability of them being a scam and used to hack into your wallets on your phone. Mining involves using computers to solve complex mathematical problems in order to earn Bitcoin as a reward. Me and my friends once mined Bitcoin on a particular app I think the app is called Bitcoin mining.
This process of mining will take you a lot of time and is also data consuming you need to have a lot of data to do this.
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