Just wondering how everyone else invests in Bitcoin? How often do you buy and how long do you plan to hold?
I had a hard time investing in Bitcoin three months ago, I bought/month around $500 in Bitcoin, currently I already have $1500 in Bitcoin, my goal before Bitcoin reaches new ATH I must have 1-2 Bitcoins, I hope my dream can come true, that's my current plan.
Topic: What is your plan with Bitcoin? - page 4. (Read 2074 times)
Currently my plan is about holding Bitcoin until the next highest Price. And I know that hold is gold and that's why my plan is very simple.I just want to make a huge profit and that's why waiting for the next bull session.
in the end Holder will win. if he is strong enough to hold up to the highest price then he is really great. not everyone can be strong enough to hold BTC in a bear market situation like now. but if BTC is bought from its current price which is around 18k then holding it for a long time can be an easy thing. because it is not too worried even though the price continues to fall. because the drop from this point won't be too far I think. 
Yes, right decision to Dollar Cost Average (DCA)
I also think it will move to 100k+ soon. May be in next year. We will be able to see BTC at 100K. 500K is big target for selling it will come but I think it will take too long to reach at 500K£.
I also think it will move to 100k+ soon. May be in next year. We will be able to see BTC at 100K. 500K is big target for selling it will come but I think it will take too long to reach at 500K£.
My plan is to never sell and continue to be part of Bitcoin worldwide adoption as the global money. I do plan to use some of the Bitcoin to buy popcorn which I will eat while watching fiat become worthless and banks burn into ashes.
Maybe your wish will come true even though you have to wait a long time, but for now it would be better to hold Bitcoin and continue to adopt this Bitcoin.My main plan is to help Bitcoin adoption move along by helping market Bitcoin as much as I can. Hopefully you guys join in on this plan as well, instead of worrying about how much worthless fiat you can pump out of Bitcoin in the short term.
The same goal, there are several people on this forum who are doing the same thing as you, especially including me one of the people, without realizing it we all belong to the group of people you invite to join and plan to continue to adopt Bitcoin and will market it.
DCA is a great way to recover losses or make profits. I like to invest in other crypto as well as BTC. But current market situation is very unstable. I have bought some and i will wait until it reaches 20/25% profit. Then i will DCA again. Now it's time for me to go hibernate in this crypto winter. When it's over, only then i will come out again.
At the moment, I am just gonna hold Bitcoin, neither buy nor sell.
Currently my plan is about holding Bitcoin until the next highest Price. And I know that hold is gold and that's why my plan is very simple.I just want to make a huge profit and that's why waiting for the next bull session.
Planning requires a certain degree of security in order to be able to look into probable outcomes.
Bitcoin is still too volatile even for probable outcomes. We can't plan safely yet.
We should take it into account and notice, how uncertainties are still part of Bitcoin, but it will become less over time.
Bitcoin is still too volatile even for probable outcomes. We can't plan safely yet.
We should take it into account and notice, how uncertainties are still part of Bitcoin, but it will become less over time.
Just wondering how everyone else invests in Bitcoin? How often do you buy and how long do you plan to hold?
I had a hard time investing in Bitcoin three months ago, I bought/month around $500 in Bitcoin, currently I already have $1500 in Bitcoin, my goal before Bitcoin reaches new ATH I must have 1-2 Bitcoins, I hope my dream can come true, that's my current plan. 
I think Bitcoin is foundation of crypto market and will going to be that in foreseeable future. So I will collect as many Bitcoin as possible and will use them somewhere in future. For me I think if all go well i will invest and forget and will open my account after a long gestation period.
Same as you, I can never see any crypto that will even surpass bitcoin in the future (other than if a serious issue will be discovered) which is also why I will be holding on my coins as long as possible and try to accumulate in the process. Right now, I have no reason to withdraw or trade it into fiat anytime soon as I earn salary on my job to support my needs and wants. Also, I try to invest on other crypto and try to earn during this time where the market is unstable and at least earn some profit on which I turn some percentage of my monthly profit on Bitcoin. Unfortunately, I cannot collect and forget as crypto is already a part of my daily activity, however I always try not to lessen the coins I've accumulated.
I am also holding my bitcoins for the next bull cycle which is probably be taking place after 2024. In previous bull cycles I did the mistake of taking profits quickly and buying back again. This gave me some profits but not much. The best way to trade this bitcoin market is to buy in the bear times and take profits at / near the top of bull market. Sometimes it is difficult to time the market with perfect entries and exits, so take multiple entries at every low price and partially take profits after bitcoin reaches all time high again.
I have a plan to keep holding them for 10 years. I've waited for the next to Bullr un before I sell them while still accumulating during the bear season. I hope I could make it and hope that I was still in good health so I don't have the reason to touch them and reach my goal. I've tried to ignore the market updates and tried not to check the market price often to make sure that I was really far from emotional stress and remain calm.
I hope to follow your steps too in hodling my bitcoin as long as I can, though in some cases or instances if there is any need to exchange to fiat to cater for some urgency like buying some of stuffs or goods for domestic needs, provided that there isn't any alternative I think I will do so, however this is not the best time to exchange to fiat but a time to start buying using DCA and accumulating now that the price had dumped to $18K+, honestly I have much believe and confidence that the price of bitcoin will be bullish in no distant future no matter how long the market is bearish the market sentiment will surely change.Instead of accumulating more bitcoin which I know I should do, I am paying off my debt for the time being, hopefully I could do that easily, and eventually I will be able to cover a lot more of them, and when it's over I will be spending the same amount of money on buying bitcoin for sure.
I think Bitcoin is foundation of crypto market and will going to be that in foreseeable future. So I will collect as many Bitcoin as possible and will use them somewhere in future. For me I think if all go well i will invest and forget and will open my account after a long gestation period.
Same as you, I can never see any crypto that will even surpass bitcoin in the future (other than if a serious issue will be discovered) which is also why I will be holding on my coins as long as possible and try to accumulate in the process. Right now, I have no reason to withdraw or trade it into fiat anytime soon as I earn salary on my job to support my needs and wants. Also, I try to invest on other crypto and try to earn during this time where the market is unstable and at least earn some profit on which I turn some percentage of my monthly profit on Bitcoin. Unfortunately, I cannot collect and forget as crypto is already a part of my daily activity, however I always try not to lessen the coins I've accumulated.
Forgetting them for a while is also a good way for us to hold on to the long term without being psychologically affected by the market situation. This method should be applied to new acquaintances or those who cannot control their emotions.
My holding goal is profit, and getting rich in the future so I will focus on accumulating as many bitcoins as possible. I have a fairly stable source of income so investing in crypto or holding bitcoin has almost nothing to do with my daily expenses, so I never intended to sell my bitcoins before bitcoin hit $300k or more.
I feel excited today. because I managed to collect back BTC in the area that I have bought. and I'm still waiting for a repurchase in the deeper areas.
so my plan about bitcoin is to keep collecting it for now. and I see the support that must be tested this time is very strong. so maybe I will start buying more in the support area now. i.e. areas 17-18.
but if it is penetrated. then I will also prepare a buy entry at the bottom around 12-15. but I hope bitcoin can bounce back from the current price.
all I can do is just keep collecting bit by bit. while waiting for the market to return to positive. whether it's this year or next year.
so my plan about bitcoin is to keep collecting it for now. and I see the support that must be tested this time is very strong. so maybe I will start buying more in the support area now. i.e. areas 17-18.
but if it is penetrated. then I will also prepare a buy entry at the bottom around 12-15. but I hope bitcoin can bounce back from the current price.
all I can do is just keep collecting bit by bit. while waiting for the market to return to positive. whether it's this year or next year.
My plan on my Bitcoin - I am holding or leaving it untouched until several scenarios happens. I got familiar with Bitcoin and cryptocurrency not to earn, I was interested more in technology, how things work, how they can be used. That is why trading and earning was never my goals. My salary is enough for my needs. Only if I will be in situation of huge financial troubles, I would consider turning my crypto holdings into fiat. Second scenario - mass adoption or when it will be convenient to use crypto instead of fiat and there will be numerous places where to spend crypto. I am not a fan of sell crypto, convert it, transfer funds, top up card, use card to pay. To many actions for me. When I would be able to come to any or most popular place, bring phone close to terminal to pay with crypto - then I will use it. Until then - only holding.
I think Bitcoin is foundation of crypto market and will going to be that in foreseeable future. So I will collect as many Bitcoin as possible and will use them somewhere in future. For me I think if all go well i will invest and forget and will open my account after a long gestation period.
Same as you, I can never see any crypto that will even surpass bitcoin in the future (other than if a serious issue will be discovered) which is also why I will be holding on my coins as long as possible and try to accumulate in the process. Right now, I have no reason to withdraw or trade it into fiat anytime soon as I earn salary on my job to support my needs and wants. Also, I try to invest on other crypto and try to earn during this time where the market is unstable and at least earn some profit on which I turn some percentage of my monthly profit on Bitcoin. Unfortunately, I cannot collect and forget as crypto is already a part of my daily activity, however I always try not to lessen the coins I've accumulated.
Hoping to see merchants accepting crypto because that would be the next big thing here.
That is something lacking unfortunately.I also hope this happens soon and I am surprised Amazon and other big worldwide marketplaces has not already start accepting it,it would only bring them benefits as it will translate in more people buying things there.
There are small websites,like investments ones,paid to click,traffic exchange,data entry typing sites that accept it or offer to pay with it but unfortunately this is a very low number of businesses online accepting and dealing with cypto in general that also has a very specific user base.
With that Volatility it is a to big risk for many retailers, I worked in one for years. The margin of many products is not that big to compensate Bitcoins price dumps. And they can't hodl long-term like we private investors can do. Free cashflows is king.
Good thoughts about your DCA aim, Bitcoin may be a bright future, individually held till maximum gain.
Well, talking about the maximum gain. I'm one of the people that will hold for long but I don't think that I can maximize the gain that I can. As long as I'm in profit in due time, that will be the best day of my life to take. I know some people have been holding for years like starting from 2013 or even by 2011 up to know. They might have sold a little but it's rare to see them that until now, they're still holding and can be said that they have finally maxed their gain but still holding.
I have a plan to keep holding them for 10 years. I've waited for the next to Bullr un before I sell them while still accumulating during the bear season. I hope I could make it and hope that I was still in good health so I don't have the reason to touch them and reach my goal. I've tried to ignore the market updates and tried not to check the market price often to make sure that I was really far from emotional stress and remain calm.
I hope to follow your steps too in hodling my bitcoin as long as I can, though in some cases or instances if there is any need to exchange to fiat to cater for some urgency like buying some of stuffs or goods for domestic needs, provided that there isn't any alternative I think I will do so, however this is not the best time to exchange to fiat but a time to start buying using DCA and accumulating now that the price had dumped to $18K+, honestly I have much believe and confidence that the price of bitcoin will be bullish in no distant future no matter how long the market is bearish the market sentiment will surely change. ~
Please don't tell other people that they are late for their investment. It kinda does the discouragement for them to still hold more Bitcoin. It is kind of blaming myself as well that I did not invest in Bitcoin back in 2013 when it was sooooo cheaper, but meh I still bit the bullet and risked it anyway since it was still kind of going over 10k back in 2017 when I got my first Bitcoin and it still paid off regardless even if I went through harsh winter seasons after it fell down 6k. It was all worth it nonetheless.Surely many people could had still bought the price of Bitcoin right now.
They are late but not too late. Late in the way that it will not be doing 1000% every cycle anymore like it used to. Today for bitcoin to do 100% is difficult and the next cycle will maybe double the last ATH if we're lucky, not like in 2017 where it went 2000% up. It's a great investment though. Most fiat currencies are above 10% inflation. If Bitcoin doubles in value in a year you'll do great compared to other investments.
I also started collecting bitcoins in 2022. when the price is below $19,000. and I also have a plan that is almost the same as the OP. but my target is not to $500,000. but only $100,000. because that level is closest and most realistic to the current situation. following the halving period is what I think.
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