Topic: Ways to invest in Bitcoin. (Read 678 times)

This is my favorite way to invest in Bitcoin. I know this way is for noobs like me but still, I like this Lump Sum ways to invest in Bitcoin. Whenever I have extra cash I purchase bitcoins with it. I don't care what the current price of Bitcoin is then. My main objective is to save money. Therefore, I purchase Bitcoin regardless of whether the price of Bitcoin is very high or very low. There is a chance of loss many times but I don't like to wait so I purchase immediately. I know this sounds very strange but still, I am very happy to share it.

That's for holding if he could able to hold his patience to invest on bitcoin for more longer times.

But if he don't have experience yet and could able to spend on bitcoin for short time then he must try to seek some information about how to do good trades then provably that he could able to earn some money from trading.

But again if he don't have any experience then also afraid to experience those bad things that could possibly happen on their trades then maybe offering some services online maybe the ideal option he could do so I guess he need to bring a good portfolio with this since lots of clients might hire him then with that he could possibly earn a lot of money came from multiple clients.

Investing in bitcoin doesn't have any one particular way of it, but the thing is that have your funds available and access any exchange because exchange you input your values will determine the speed of purchasing confirmation with them, if a newbie want to venture into cryptocurrency I think that the right thing to do is to study cryptocurrency and understand the conditions of cryptocurrency, so I know quite well that if you don't comprehend the systematic of investing in cryptocurrency you will end up by investing without direction, so in summary you have to make sure that you have understood the basic ways of cryptocurrency and mostly bitcoin.

You are right @Luzin! Everyone must not go through same path in our investments.  Imitating others can lead to wrong decisions in our investment because our capacity and risk tolerance are not thesame, we invest according to our comfort but we can learn from the investment outcomes of others and set our own path, with our own abilities.

And in your opinion, what strategy is more suitable to suggest to investors whose direction is Bitcoin? Because Bitcoin is the right choice for everyone who wants to invest. However, there are also some people who sometimes find it difficult to buy Bitcoin because they are hampered by the amount of money they have, so they need to use a more appropriate strategy when they want to buy Bitcoin or they can just buy Bitcoin whenever they have money. Although such a method might make them miss the best moment in terms of buying Bitcoin, such as when Bitcoin is experiencing a decline in market prices.

Normally, investing at once is better than investing from time to time because the price will not be the same, which makes some investors confused, and when you want to sell, you may lose some and gain profit. Since you bought it at a different price, Although this kind of strategy is for people who have enough money and are ready for a long-term investment, you know, as someone who only has money to invest and not that much, I think DCA is better because that is the way he will understand much better and how much he has invested for the time he spent.

Also, for people who have little knowledge about bitcoin investment, DCA is also the best for them to avoid confusion. Furthermore, I can tell you that investing in dips makes someone panic; they don’t really understand the concept since you know that when dips come in, it takes some time before it bounces back and starts seeing positive changes.

Some of these kinds of things make some investors feel the emotional barrier you are talking about. Not all of us are ready to see dips; most investors want to invest and start seeing positive change in the market, which is not going to be as possible as some people want it since this is something we know about and we legally know it will happen, so we have to wait till the time comes.

Disciplined and knowledgeable when he should go in and out.   Because I know a lot, people who invest tend to be very unwilling to lose. When the price goes down they don't curse the stop loss. Until finally they fell too deep.
There are many ways to invest, you just need to adjust and keep learning. Adjust to your abilities and don't try to imitate other people's styles because it is sometimes difficult to do. Learn with your abilities according to the capacity you have.

Bitcoin can indeed be invested or earned in this three major ways, Buying and holding, Trading and mining. Each of these methods, depends on individual knowledge and preference, some can be successful in trading and others may prefer buying and HODLing for the long-term. An investor can go with any of these methods, that aligns with his/her investment plan to make profits. But all requires different knowledge and approaches to earn from! Trading bitcoin can be challenging, without adequate knowledge and skill to permutate in the volatile market can impact negatively. Without applying the right techniques and analysis of the market trends can lead to significant loss of money , but a skillfull trader making right decisions can make good profits and quick gains.

Mining bitcoin to earn from it is like digging for digital gold. It's not easy earning bitcoin through mining, because its a competitive process  which requires computing expert. Bitcoin miner solves problem,  adds  new block to the blockchain  which helps in maintainance of network and ensure legitimate transactions. A skilled expert in computing can earn bitcoin, using hardware to solve mathematical problems.

Buying and holding Bitcoin through any if these strategy, (DCA, buy during dip and lump-sum) for long-term it's not as complex like the others, doesn't require too much knowledge. And investor can gain more knowledge in investment process, but requires an investor to be consistent,  disciplined and patient  for long period of time to make profits.

Actually there are so many ways to invest in bitcoin depending on our choice, a lot of people have been talking about using DCA method, of course DCA  is the best method for accumulating bitcoin in our portfolio more especially for those that can't invest in bulk but with the help of DCA method you can be able to accumulate.

Most investors have been using this strategies for a very long time right now as we speak they most have accumulated a lot on their portfolio,as a beginner in this crypto space is very good to start your bitcoin investment by using this DCA method though it depends on your choice but I always considered this DCA method as one of the best method ever.

This are all amazing method of purchasing or accumulating bitcoin, but the most common, and most recommended especially for newbies is a he DCA strategy, is one of the strategy that one don't need to have large amount of money before going into. Because it is the purchasing of bitcoin in lesser quantities either weekly or monthly. So one can fixed his DCA amount to be $20 weekly aslong he or she are being consistent, they will surely get themselves a nice Stash goes on.

But still the other methods are also nice like buying the dip , most time with the use of reserved funds (and amount money set aside for the dip ), and we also have lump-summing, which is the purchasing of large quantities of bitcoin once without any means of breaking the money down like DCAing . So is like the opposite of DCAing.

Research is certainly a must before going into decision-making. Even if you only do DCA and just buying at the dips, research should always be taken first so you will be aware what will be the outcome of your action, as not everyone receives the same outcome even if it means just buying and hodling. And as much as possible, everything you do in the market should always come with patience and consistency, that is if you want to ensure that you will end up with good and significant profits despite of the market uncertainty.

Most people gets it wrong because they decide to trade than to invest, always there for some quick profits which causes a lot of panic when the price of Bitcoin begin to decline. Those who understands the market and knows how to operate with their strategies will definitely see good profit from their investment, what is required from them is to keep complying with their strategy and keep holding to what they have in their portfolio.

While reading your post I saw some good points but while continue reading, it seems like there are things you failed to understand about investment. However as a beginner, yeah you need to know about what you are doing but know about it is easy. All you need is make your research about it know how to buy Bitcoin and also know the meaning of Bitcoin, so if anyone asks you what is Bitcoin you can be able to explain to them. Bitcoin knowledge is not hard to get, you only need to start investing, while investing there are things you will understand about Bitcoin. While you are busy waiting to learn about Bitcoin there are opportunities that you will miss, those opportunities might not come again. The important thing you need to know about Bitcoin is that you don't have to wait, invest while you can and don't give excuses when you have the opportunities and requirements to invest.

Bitcoin accumulation strategy is one of the most discussed topic on this forum and the community at large.The recognized strategies that bitcoiners have adopted in respect to accumulating Bitcoin are DCA(Dollar cost averaging),Lump sum and buying the dip.And it has always been the tradition of most bitcoiners to adopt the DCA strategy as the preferred one among the rest,all I'm trying to say is all the strategies are good and accepted but DCA strategy is most preferred.A bitcoiner can accumulate Bitcoin with the lump sum strategy from his extra fund or an inherited fund while buying the dip is a speculative strategy in essence waiting for a price decline to take advantage of the market.The DCA strategy is preferred because it doesn't give a bitcoiner the impression to wait for a price decline or lump sum from an extra fund or inherited fund but with DCA strategy one can start accumulating no matter the current price,he/she accumulate bitcoin on a fixed amount at a regular interval it could be weekly or monthly.

Thank you sir. I am taking my time to learn about investments in Bitcoin these days before I will go into the investments fully. From all I've grabbed with Bitcoin as a powerhouse, like any knowledge, learning from the basics skills to the advanced level is the best approach to a successful investment career in Bitcoin. I've also realized our level of assimilation is quite different from one another as someone may find what you're finding difficult to learn in a year, easy to learn within couple of months. I can't specify what best time or duration to learn investments in Bitcoin, what I can guarantee is, learning it at your own pace and understanding will help you make better and personal decisions when the time arises.

In your opinion, investing in bitcoins is reasonable, but before investing in them, you need to know about them well, understand them, listen to them, and see them. If you don't know about it better, then don't invest. You first learn about it well, then decide what to do.
If your main focus is Bitcoin, then you should research it because you need to know what you are investing in. You have to have a long-term mindset. You have to realize that it is foolish to expect good things from here in a short period of time. That's why you have to be open-minded to think long. If you can take the step of investing in Bitcoin, you will benefit in the future.

However, you should research even if you just only focus on Bitcoin because many investors can not stay calm with the volatility of the Bitcoin price. Many investors worry if they can not holds their Bitcoin for a long time and that is usually happens to new investors who lack of knowledge about Bitcoin investing. That is why they still needs to research and read many news about Bitcoin so they can make sure and calm themselves.

They don't have to thinks much about the Bitcoin market. They just needs to runs their plan to collect Bitcoin for some term. They must remember that they just use the money they can afford to invests.

When their plan runs as what they wants, they will make a profit in the future. What they do now constantly can helps them to change their life by investing in Bitcoin.

I don't care if any big holder of BTC is using DCA or not, because we don't have to idealize if the method is working or not, just because big holders have adopted it or not. We should have our own senses to idealize things. DCA is the best method there for long-term investments. And speaking of Microstrategy, you tell me, did they buy all these 226 331 BTC all at once? No, they did not buy it all at once means they did not lump sum it.

But their one-time purchasing is of millions which we think is a lump sum but according to them, it's not. https://saylortracker.com/ look at the site, and you will realize how many times Microstrategy has bought BTC. And was it beneficial for them? Yeah it was beneficial for them to buy at different points.
You are wrong, if you are accumulating BTC you are doing it because you want to profit in the long run, and I know a small difference won't make big impact but just look at the link I gave, if MS have bought all those funds all at once they would be more beneficial (if bought when BTC was around $25k) But they did not buy it all due to reasons. Point is entry point do have big importance, along with the managerial aspects.

Yes I agree that research is needed if you don't want any mistakes in investing, but in my opinion if you want to invest in bitcoin and only focus on bitcoin, long research should not be needed, because we know the bitcoin pundamental is very strong and has been tested from year to year, we just focus on collecting bitcoin and focus on securing our bitcoin wallet, to invest long-term, and use cold money so that our investment is not disturbed, and see the movement of market prices.

Those investor must research before they start investing. If they don't do that and only follows what other people suggest, they will difficult to follow. They will not have a chance to make a profit because they don't have a right plan to investing.

Those investor can use DCA method to invest in Bitcoin because many people already proves that method is works best for them. They needs to prepare some money they can afford to start investing in Bitcoin and try to buy Bitcoin using their schedule. They don't have to thinks much about how the market movement because their focus is collecting as many Bitcoin they can.

If they don't have much skills in trading, they can be a Bitcoin investor which will not makes them worry. But they must have a control to overcome their worry because the market will always moves ups and downs.

Any strategy can be very potential if it aims to invest in bitcoin, I can only give good advice to investors what strategy they will choose for their investment, for the continuation of the choice is only in their hands, want to use what strategy for their investment, what is clear is that investing in bitcoin is a long-term investment if they want to get the profits they expect, and requires high consistency.

Buying and holding is the best for me using the DCA strategy either weekly or monthly based on the my financial or income flow, but the idea of setting a particular amount for dca for me is not a good one, since your investment money is meant to come from the money that will be ready enough for investment after taking care of your personal needs which will varies  from weeks to weeks and from months to months , so I will suggest that the DCA amount shouldn't be a particular amount so that you can be able to take care of your basic needs and as well as keep buying your Bitcoin more comfortably without thinking of selling too soon in order to solve your other needs problem, it will only take a longer period of time to have a good size of Bitcoin but it is better than accumulating it as a burden and later sell too soon, that is my opinion.

Buying and Holding happens to be my favourite way of investing in Bitcoin reason been that with this, the risk appear to be at its minimum but beyond this there are risk that may be considered unbearable especially for newbies who do not have enough knowledge about the totality of the dynamic of gambling, I do believe that as an investor in Bitcoin especially if you are aiming at the long term, buying and Holding is one of the surest bets, you are not going to have so much to loose if you are patient enough, there are times when there will be falls but if you are still patient, you will still be able to get back your lost funds when there be a reversal and the up ward move turns in your favour. Mining too is Also safe but I believe you wouldn't want to be caught up with all the stress that accompany it but if you are in for it then it's safe as the only chances of losses may be with not meeting up with the task required of you.

Talking about lump sum, I think this is also very risky when it comes to beginners. Don't dare to invest with only less knowing, familiarize the market first and if you can be able to sustain the risk and the long waiting game, then you are in. But personally, I don't suggest buying lump sum even with bitcoin. Bitcoin's future is still unknown, we still don't know how long will it last, even the whole crypto market.

Well, to make it easy most especially for beginners, just buy at the dips and hold for long term, that way you can assure good accumulation of bitcoin. And add on it DCAing regularly using spare money, I think in less time, one will have a good amount of bitcoin portfolio in the long run. Just never sell at a lower position, wherein one gets panic and decide to sell even at a lower price in order to prevent more losses, because that will never be a good and profitable strategy for a wise investor. Focus on your goal, by not getting emotional easily when bitcoin price experience market price correction.

Everyone knows what they think is best for them, this they know after carefully evaluating themselves and the level of risks they can manage. For someone who intends to invest in bitcoins for the first time, I will recommend the Dollar Cost Averaging (DCA) method of investing in bitcoins. This is because, new investors might not be able to accurately analyse the market to know when exactly to buy or not to buy. Therefore, instead of buying at a price you are not sure of with a huge sum of money, it is better to buy in bits at intervals so as to reduce your risks. This method is not limited to beginners only, anyone who does not trust his ability to analyse the market accurately and buy at a fair price should adopt the DCA method.

Buying large bitcoins at once has the potential of generating lots of returns but only experts who are good at analysing the market should adopt this method because huge losses may arise if the investor fails to make his analysis well .

What you have said is the truth OP. Investing in bitcoin can be done in many ways just as you have said. Buying and hodling is one of the major aspect of bitcoin investment. Here one can buy bitcoin and hold it for a long term as it pleases them to do so but before it is done, it is advisable to use spare cash or funds you could afford to lose as the market is very volatile so that even if the price goes down, you can be able to endure it while holding for a long time.

Nevertheless, one can also invest in Bitcoin here by working to get paid in Bitcoin on this platform or elsewhere which has its term of payment in Bitcoin. You can use your skills to work and get paid in Bitcoin which is  done here lf your application is being accepted into a campaign.

Yes, this strategy must take advantage of the moment and the planning must also be done carefully when we don't check the market too often.

people who collect Bitcoins have many ways. DCA is indeed the most popular. but there are also those who trade altcoins within a certain time plan and the profits will be accumulated in Bitcoin.

no matter how people own their Bitcoins, what we can see right now is people's trust in Bitcoin. they can learn any strategy and the best way for them to own their assets.

Well, if you want to secure a large amount of bitcoin in an instant, lump sum is the most effective strategy for that. But I must say, know your investment well first before you decide to invest on a lump sum basis, otherwise you will lose all your patience waiting for its price to surge high and reach its new all time high, because you are not aware completely and does not have clear understanding about how this volatility works for bitcoin. DYOR first so you won’t be making a big decision that you’ll eventually regret later on.

The ways to invest in Bitcoin the best strategy for now is only Dollar Cost Averaging and holding at the same time this is the easy way and the cheap way.

Lump sump strategy is of course a good ways to gain huge profit but this must be combined with buy at the dip but even professional trade sometimes still missed about the dip

But for me, DCA method of investment is the most preferred, if you invest in any situation, you can definitely get benefit only through DCA investment. Now the current situation of the Bitcoin market according to this situation DCA method is perfect. The current market price of Bitcoin has made investors so unsatisfied that it is impossible to invest in lump sums, it is best to invest regularly with the DCA method. The average will control the price, and most investors consider this method to be the best method.

I don't think there is any need stressing which method is the best and saying that the DCA method is the best does not really stand because their is no data to back up what you are saying. For instance, can you name any of the big holders of Bitcoin that bough using the DCA method? But I know many huge holders that do not buy their Bitcoin through the DCA method. I still remember when MicroStrategy were massively accumulating Bitcoin, they bought using lump sum method.

The most important aspect in Bitcoin accumulation is not the method of buying but how to hold and manage the Bitcoin purchased. Some might buy using the lump sum and at the dip but will be unable to manage it properly, thereby selling when the upward movement is just starting. While some people can buy at the beginning of the movement but will hold even to the peak of the movement.

There is no denying the fact that bitcoin primary initiative was to be an alternative currency to the fiat currency. With bitcoin having numerous advantages that cross beyond using it alone as a currency for just payment. The advantage of it been an hedge against inflation, it’s fixed supply and also the volatility in price associated to it, this features have made bitcoin to increase in  price and therefore grow more in profits which is why many people treat it as an investment this days rather than just trading. The fact that long term holders gain a lot from it’s return is a big reason why it is more treated as an investment at the moment than even as a currency

Trading isn't the best option for a newbie who is just gaining basic knowledge of cryptocurrency. They should try to focus more on holding and at the same time studying the market to know how the charts are being read and some crypto terminologies to improve their vocabulary also. One of the major mistakes I hear newbies make is searching for an online group, page, video or depending on someone for crypto signals. As crypto enthusiast we should learn to stay self motivated and dependent on ourselves and that why more of research and study is needed to thrive in this line of field. Some of those influencer were paid to make ads on these newly launched project and if you fall for their tricks you are on your own.

a huge ambition no doubt but some of them with little experience or strategy to go about it, sometimes many people feel they can just go all out in the crypto market and purchase any coins with their mentality already fixed on the fact that crypto is like a short cut to making huge profits and thats totally a wrong view especially for a newbie in the space.

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.

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.

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.

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.
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.

  

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.

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.

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.

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.


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.

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.


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

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.

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.

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

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

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.

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.

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.

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!

It's ASICs now!

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)]}!

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.

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/

The dip will always come regardless of what the market situation is. Like what we've got for this day and a day ago, there's a bloody dip that has come and those that have been waiting for. Let's say that a guy is on DCA but then the timing came that he's got no money at all. While that person who will do a lumpsum has got money and did it when Bitcoin reached $59k-$60k. That's a good one and now if someone has done that, they're already in profit as the price went up again to $62k which isn't a bad move and recovers in less than 48 hours.

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.

There is no mistake because we are here to learn and discuss about Bitcoin and cryptocurrencies.

This types of threads is frequently been posted here, but your effort to bring out something like this is as a newbie is commendable, I just hope you also learn from what you posted not just to post what you don’t know because of merits.
The methods you mentioned are good but DCA method is good and that’s what we are mostly advised to use especially if we don’t have stable source of income.

You are right and that is if you have prepared for the dip and you were lucky enough that the market dip
If 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.

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.

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.

DCA is the best strategy there. It really gives you a good result in the long eun. Overall it is most suitable when you are investing in BTC for longer period of time. And yeah a lot of members has talked about these factors combined and separately, but nothing bad in refreshing these points again.

As a good member of this forum you can also invest in BTC by earning via signature compaigns. But you have to do a lot of work and keep patience for this. The best way to accumulate BTC is via investing. If you have funds and wanted to hold btc for longer period of time then DCA is the best strategy there.

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.

buying and hodling:

Buying and holding is the simplest way to invest in Bitcoin, and it involves simply purchasing Bitcoin and holding it in a digital wallet. And there are different strategy in which one can use in accumulating Bitcoin and hodling which are.
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.
Buying during the Dip: this is also an accumulation strategy it involves waiting for Bitcoin to dip before accumulating or buying.
Lump Sum: Some people decide to buy their bitcoin all at once at a price they feel is good for them. This strategy is referred to as Lump sum. one can just be saving till when he feels he has enough money he can just purchase Bitcoin using all the savings or one can use an inherited money to purchase all at once.
The main advantage of buying and holding is that it is simple and straightforward.

Trading:

Trading involves actively buying and selling Bitcoin in order to profit from price fluctuations. A lot of people uses this strategy and this strategy is sometimes completed and is not advised for a newbie to venture into it. trading involves speculating on Bitcoin price movements using CFDs. Before you venture into trading you have to Learn the factors that moves bitcoin price.
 
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.

If I made a mistake or I didn't add something please I'm open for correction.