What is your plan with Bitcoin? - page 8.

virasog

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Quote from: smartaction on September 09, 2022, 11:53:48 AM

I bought 1 bitcoin 29th june with bank loan. Although I am repaying the bank in installments at a fixed rate every month. When my bank loan is paid off that Bitcoin will be an asset of my own. And I plan to hold it for a long time. At least 5 years. Because I believe Bitcoin will become a very valuable asset in the future. Then maybe this 1 bitcoin will be enough to make me a big rich.

So how are you paying back the loan ? I hope you have some other source of income through which you are paying back the bitcoin loan and your grand bitcoin investment is safe and secure for another next few years.

It is not good to invest in bitcoins with the loan money but if you have some better source of income it can be a profitable investment.

Oneandpure

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Quote from: smartaction on September 09, 2022, 11:53:48 AM

I bought 1 bitcoin 29th june with bank loan. Although I am repaying the bank in installments at a fixed rate every month. When my bank loan is paid off that Bitcoin will be an asset of my own. And I plan to hold it for a long time. At least 5 years. Because I believe Bitcoin will become a very valuable asset in the future. Then maybe this 1 bitcoin will be enough to make me a big rich.

Braveness taking loan on the bank and use for investing in bitcoin, I think not easy with bitcoin unpredictable price although with how long your loan deadline days. Always have bad speculation when bitcoin price drop maybe you need to recover and finding another way how to pay Bank loan. But if got great chance taking loan and investing when bitcoin price drop not any mistake and you can sell bitcoin assets and pay all loan bank.
Maybe if you have real job you can repaying the bank in installments with your salary and hold bitcoin until five years later, but what happen keep holding after five years later and bitcoin price drop drastically? how do you find ways to pay loan bank although bitcoin have been your assets but have lower and drop price.

Franctoshi

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Quote from: JamesDaniel90 on September 07, 2022, 06:28:07 PM

Just wondering how everyone else invests in Bitcoin? How often do you buy and how long do you plan to hold?

I'm stacking stats as much as I could, I want to live full time in Bitcoin, currently I'm living 70% exposure of my funds in Bitcoin while 30% is in fiat currency ,I almost use Bitcoin every week in purchasing stuff both online and in my country irrespective of the current ban placed on cryptocurrency transaction. As 70% of my funds is in Bitcoin, I have never regrated it since I took that very decision when my local fiat currency was traded around #350 -$1 US dollar and now guess what?, my local fiat currency is currently trading at #700-$1 united state dollar, just imagine how much I could have loosed to inflation if I had kept all my funds saved in my local fiat currency.
Therefore my game plan with Bitcoin is HODLing until a new all time highs (ATH) is achieved.

xzy887

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Quote from: budi691 on September 09, 2022, 02:34:17 AM

i always invest bitcoin whenever i have extra money from my job, i don't expect bitcoin price to reach the highest price for now, but later in the future i will definitely get it, it may take a long time and it takes strength to be patient

I think you understand Bitcoin. Because many people think that Bitcoin will end completely because of the bad market conditions. But it will never happen. We need to hold Bitcoin for a long time. Don't worry about living with Bitcoin. You never know what the market will do.So invest your extra money here. So that even if the market goes down, you can hold bitcoin for a long time. And you have to wait for bear market or market down. If you can invest in Bitcoin when the market is down and hold it for a long time then you can definitely profit. Remember, you should forget that you are a Bitcoin holder until the Bitcoin goes up.

Whiteness

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Quote from: JamesDaniel90 on September 07, 2022, 06:28:07 PM

Hi all,

I started investing in crypto February this year but due to the high price of Bitcoin did not start investing in it until mid June just after the crash.

Since then I have been DCA every week and currently own 2% of a Bitcoin at an average price of £17,900.

My goal is to hold Bitcoin until it reaches £500k - £1m, i know it will take a long time but will be worth it.

I am hoping these current prices last a lot longer so that we can all continue to DCA at low prices.

Just wondering how everyone else invests in Bitcoin? How often do you buy and how long do you plan to hold?

you are a lucky person that you have enough spare money to invest in bitcoin and hold them for long term. I personally am not that financially strong and don't have much savings that i could invest in bitcoin. whatever I earn spent on my family needs.
but for the future I definitely have the plans to invest in Bitcoin and accumulate as much as I can. and hold them until they worth millions.

smartaction

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I bought 1 bitcoin 29th june with bank loan. Although I am repaying the bank in installments at a fixed rate every month. When my bank loan is paid off that Bitcoin will be an asset of my own. And I plan to hold it for a long time. At least 5 years. Because I believe Bitcoin will become a very valuable asset in the future. Then maybe this 1 bitcoin will be enough to make me a big rich.

qwertyup23

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Quote from: JamesDaniel90 on September 07, 2022, 06:28:07 PM

<...snip...>
Just wondering how everyone else invests in Bitcoin? How often do you buy and how long do you plan to hold?

Fortunately, I have been participating into campaign signatures since 2017 and I have saved at least some BTCs. I still plan to HODL but I treat my BTCs as "emergency cash" in the event that if I need to purchase or use it, I can quickly and conveniently convert them into our local currency.

Since I do not have a stable form of income yet, the main method of me investing is through campaign signatures. Though you would not call that investing, but it is more focused on HODLing until I am satisfied with the current price of BTC in the market.

Dunamisx

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Quote from: JamesDaniel90 on September 07, 2022, 06:28:07 PM

My goal is to hold Bitcoin until it reaches £500k - £1m, i know it will take a long time but will be worth it.

that's a good decision and i encourage that, I will like to cheap in my little opinion regarding your decision to ensure that all your assets are not on centralized exchange but rather have them all in a decentralized exchange, moreso preferably you get a hardware wallet and have it all in with your keys well secured, if not your keys, then not your coin is a common slogan been advised on regarding wallet, security and your coins.

Quote from: JamesDaniel90 on September 07, 2022, 06:28:07 PM

I am hoping these current prices last a lot longer so that we can all continue to DCA at low prices.

sure it may last but sometimes for a while because nothing is permanent in life and bitcoin remains being volatile.

Quote from: JamesDaniel90 on September 07, 2022, 06:28:07 PM

Just wondering how everyone else invests in Bitcoin? How often do you buy and how long do you plan to hold?

most people invest for a long term with bitcoin as long as they are able to handle the required finance needed to do so than making use of fiat banks, but the least expected range for holding should be four years or more in other to have experience both the halving that comes with ATH in speedy bullrun.

YOSHIE

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Quote from: JamesDaniel90 on September 07, 2022, 06:28:07 PM

Just wondering how everyone else invests in Bitcoin? How often do you buy and how long do you plan to hold?

It seems, I have to communicate often now with my Chinese friend, he is a successful human being in the world of Bitcoin investment & trading, he told me this life if you want to be successful and rich invest, choose a digital currency like Bitcoin, that's his message to me.

Indeed, the investment has a plan, especially our financial planning in buying Bitcoin, I will plan to set aside half my salary to buy Bitcoin at least in the next 2-3 years, as suggested by my friend, Wish i could do that, I wish I could have the patience to do it all.

Rufsilf

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Quote from: JamesDaniel90 on September 09, 2022, 03:28:23 AM

Hello all,

I said £500-£1m as I was under the impression we would be in that range within 10-15 years and at only 32 I would be happy waiting that long just seeing it as a retirement pot.

Maybe £200k will be more realistic and if I am able to accumulate enough over the next 12-18 months that would still be a good return.

I wish you, Goodluck dude. Having in crypto and in yourself as well make things possible and of course, with the accompany of hard work and positivity.
Honestly, it is all about how we planned our future and what things we did to make it all happen. Some people had made it long-term as long as they still have the capability to perform. But I need you to be more aware of the risk of holding huge money, If I were you, instead of saving money for the future I use it to invest outside crypto.

JamesDaniel90

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Hello all,

I said £500-£1m as I was under the impression we would be in that range within 10-15 years and at only 32 I would be happy waiting that long just seeing it as a retirement pot.

Maybe £200k will be more realistic and if I am able to accumulate enough over the next 12-18 months that would still be a good return.

LogitechMouse

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Quote from: JamesDaniel90 on September 07, 2022, 06:28:07 PM

~
Just wondering how everyone else invests in Bitcoin? How often do you buy and how long do you plan to hold?

Doing DCA as well, same as you and what others are doing.

DCA is for me the safest and the most effective way of buying Bitcoin especially if you are a long-term holder of it. My plans with Bitcoin? I think I will hold my Bitcoins until I can buy something that will make me happy for the rest of my life like a small house maybe. I'm also planning of keeping a portion of my holdings to be used by my future child.

Sebas.tian

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Since the price of Bitcoin has decreased more in the market, which is the opportunity I have been waiting to happen before i can invest all my capital in Bitcoin to be part of those that will earn well when the price of Bitcoin hit $80,000 soon. I think, the bullish season will definitely appear before 2025 which is my main target to release all my bitcoins to market to earn well from my long term holding. Now that many people has used this opportunity to buy Bitcoin and hold for like 3 years or 2 years before they can sell to make a good profits from the market.

budi691

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i always invest bitcoin whenever i have extra money from my job, i don't expect bitcoin price to reach the highest price for now, but later in the future i will definitely get it, it may take a long time and it takes strength to be patient

wiss19

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Maybe what you mean is you discovered cryptos in February and then you started investing in June. The crash did actually start since last year but it only continued until this year. If you start buying right after you know cryptos then that is already a good start. The price looks like it was expensive but it isn't if you compare it on its last year's price but I like your initiative there of hodling btc for long term until those two price range you set are met.

You're right, long term hodling are always worthy. It's proven already by those who are pioneers on this space. They bought and hodl btc when it was still cheap and they just sold their coins last ath's.

Despairo

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I think everyone here have a same opinion like you, waiting until it reach x price and they will sold it since they think it's already expensive enough. But personally I wouldn't sold all of my coins, maybe I left around 10%-20% who knows in the future the price might reach 1 Billion (hopefully). This is why I think I will hold Bitcoin entire of my life, even until I died, I will give my private keys to my son. My son will continue my journey to hold my coins for many next generations.

xzy887

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Quote from: Xampeuu on September 08, 2022, 08:43:03 PM

to be honest there are no specific plans towards bitcoin. I work in an office and earn a salary, when bitcoin has a bearish season it means there is an opportunity to buy. if at this time I buy and the price goes down again, then I can still buy it again with the analysis that we have planned. we know bitcoin is the king of cryptocurrencies, so it is safe to invest even long term

The way you said you trade means you are a long holder trader. But not everyone can be a long holder trader because their dollars are low. When the market goes down, it is very difficult for them to stay in the market. First you need to understand what is the difference between long holder Tedders and short holders?
In fact, only long traders can survive in the market because the market is unpredictable, everyone buys coins when the market is down. But the market doesn't listen to anyone, if the market goes down after buying the coin, then the shot holders will lose a lot. Because they can't buy those coins even if they want to because they have less dollars.But long holder traders can invest more after the market goes down and wait longer for the market weather and that's why long traders only benefit. So always try to be a long holder, short traders only lose money. So no one should ever trade with low dollar as your loss will be more than your profit.

dark1234

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in terms of cryptocurrancy investment plans, everyone will definitely focus on bitcoin in the long run providing certainty of multiple profits, it's just that how to sell it is a turbulent uncertainty between the reality of life and the feeling of restraint that grows slowly into personal selfishness,
And a well-thought-out plan to collect them is a principle and throwing them away is a disaster, while selling them is an opportunity and a solution when there is no solution.

Xampeuu

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to be honest there are no specific plans towards bitcoin. I work in an office and earn a salary, when bitcoin has a bearish season it means there is an opportunity to buy. if at this time I buy and the price goes down again, then I can still buy it again with the analysis that we have planned. we know bitcoin is the king of cryptocurrencies, so it is safe to invest even long term

lienfaye

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Quote from: JamesDaniel90 on September 07, 2022, 06:28:07 PM

Since then I have been DCA every week and currently own 2% of a Bitcoin at an average price of £17,900.

That's a good strategy because the price is not so expensive, and you can accumulate more. If you're DCAing every week with the current price, certainly you will gain once the market recover consistently.

Quote from: JamesDaniel90 on September 07, 2022, 06:28:07 PM

Just wondering how everyone else invests in Bitcoin? How often do you buy and how long do you plan to hold?

I'm only buying if I have spare money to do so. I dont spend my Bitcoin if not really needed but there are times I take profit if really necessary. But my goal is to hold until the price reach my desired value to sell, so as much as possible I keep on accumulating through the payment of the sig where I am in and the spare money I have from my real job.

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