Bitcoin Forum

I have a small plan and i would like to ask your opinion about it. I have already accumulated approx. 1 BTC by buying small amounts here and there (also through faucets) but constantly. I have approx 0.70 btc in other crypto(bought cheaply in the past) but i plan to exchange in btc later if needed and if worth it. My actual plan is to buy daily fractions of btc ad long as price stays below 10.000$ / Btc and stop if and when surely it will go above that level. Basically i' m taking advantage of BTC "cheap" prices to speculate on the future value (probably a few Years) for future spending, selling, or simply storing it. What do you think about it? I want to set a limit somewhere and i think if price stays above 10.000$ it will mean that banks and institutions will have entered the market already and i will simply enjoy the profits. Does it seem like a good plan? i really believe that Bitcoin will become very very valuable in the foreseeable future.

Well it looks like you have executed your plan into a "T" so I say that you already laid out the perfect plan for you. Don't bother about those institutional money coming in, as long as you purchased bitcoin at a cheap price then you are all set for having a good future. Your next target though is obviously go to 2 BTC and see how it goes for you. I would assume that others is also doing the same trick as you have been doing in the last couple of months so congrats on having that 1 BTC in your wallet.

Such a good plan but make sure that you already make a profit in other cryptocurrencies. 0.70 in BTC is a big amount of bitcoin if you sell all of your altcoins and convert it into bitcoin then you can have a total of 1.7 BTC am I right?

You can hold this amount bitcoin for a long time but I am sure you will regret selling other cryptos because there is a possibility that the altcoin you hold before can be increased more than bitcoin.


No one knows if what will happen to bitcoin in the future but I believe bitcoin price will increase this coming 2020 after block halving.
It takes a long journey so I think much better to make a plan that you can multiply your bitcoin amount than waiting for years before you can make a high profit.
And honestly, we don't know if the price of bitcoin can be still increased in the future so it's risky if you are just holding them all.

Yes as you pointed out it is (now i just checked) 1.73 Btc (0.95 in btc and the rest in other crypto). The number of btc is increasing daily due to my constant buying small amounts. As for the altcoins that is the reason why i haven't exchanged them into btc yet : i don't want to regret later... We LL see what i will decide about that but not now.
Thanks for the encouragment!

All I can say is a good job in thinking ways in accumulating bitcoin but the faucet part though seems like a waste of time but if you already have multiple referrals on your side then I think it is a worth shot keeping on doing it, And I do believe that bitcoin will have a value exceed the $10,000 USD in the future and it is great to keep on buying bitcoin while the price is cheap, I really think you can put a little amount on Altcoins that have a decent value to convert on bitcoin when the value surge up and always get coins or token that are free to sell in the future, I really think you are sailing a smooth ride.

Some of the altcoins are also capable of go towards moon when there is price increase in bitcoin but not all the altcoins will do that so you need to be careful about what altcoins you were holding.If you are ready to lose any amount from your capital then just hold all the coins as it is and if some coins were bumping too high make convert into stable or bitcoin because after sudden bump there might be a dump as well.

Wow so you have accumulated approximately 0.3 btc from faucets ???? Man you deserve a medal! Back then when bitcoin was not so popular rising this much was a walk in the park ,today this is operation "MISSION IMPOSSIBLE" :'(


We have seen the price record an all time high which was way over your anticipated 10,000 dollars and many banks and institutions didn't enter the market, what makes you sure that this time they are backing crypto??? My advice would be short term this is not a good plan but if you are going in for the long term this can be a well crafted plan, Good luck mate!

You will never know the output if you will not do it. Since you already made an analyzation, I think you are prepared now to execute your plan.

You successfully managed to reached BTC1 by following your own plan that is backed up with your own analyzation so I think you can properly handled your "small plan" on the way if you will execute it now.

Also based on your plan, it will be for long term purposes so accumulation is the priority.

Well then hoping your plan will succeed.

Good and interesting answers, thanks guys

Today bitcoin is 10 years old.

I know Satoshi will probably never read this but he found this forum  so there is always a chance. in case you read this I want to thank you for everything you have done,

Happy birthday Bitcoin!

In the future don't post exactly how much you own in Crypto. Because your account and computer might become targetted. Just make a thread in the future and don't need to give the exact amount of Crypto you own to ask any questions.

Right now you are better off holding those 0.7BTC of alts because alts are at ATL (all time lows) right now. Selling now is not a good idea because it might be the bottom and if they start to rally you can exponentially increase your BTC by selling the alts for BTC in the future. If the entire crypto market drops even further, then you will lose a little more than todays market value but at least you won't miss out on the crazy FOMO rally if it happens in the future.

Agree, i think we may be at the bottom

Nice plan, you are doing the right thing. Unlike other investors, they are just buying without any plan on what they should do after buying.

Your buying plan is a good strategy while its not yet above $10,000, you should keep on buying and exchange all of those alts for BTC. There will be a time that those alts are going to suffer when bitcoin comes back on bull. I'm only curious on how much time you've been allocating for accumulating with those faucets.

I first heard of bitcoin at the start of 2015 (maybe even earlier but didnt pay attention to it enough) and clicked a lot on free bitcoin faucet that was paying very well in satoshi back then but i should have bought bitcoin back then when it was at 200$ . i bought some btc (0.49) and exchanged it For an altcoin that skyrocketed in value but i never sold it(maybe i should have done it in january 2018 but its like that). I came  back to crypto in 2016_ 2017 and used faucets a lot   but most of my btc are not from faucets of course. If i had clicked without interruption from 2015 (or earlier) it would have been another  story

I still click on free bitcoin and get paid from cryptotab where i have many referrals and use cointiply and surveys and get paid in btc but now but i know that now it is not really worth it.  I ve partecipated in surveys that pay 10000 satoshi but if they had said 0.60$ i would have never partecipated. In this period in buying 0.01/0.02 btc a day because i think maybe a bottom is close. We LL see

The best exit strategy is to not exit. Why would you want to take your profit in depreciating fiat currencies instead of keeping it in Bitcoin, an appreciating asset?

Keep accumulating as much Bitcoin as you can and only spend it when you absolutely must. By all means spend some Bitcoin to buy enough fiat currency to trade for whatever goods or services you require but don't spend your bitcoins unnecessarily.

unlike you i don't have any certain price in mind. for me $10k is just another number on the way up. it has no significance. what i do is to accumulate more bitcoin, as much as i can afford. it is not about the price and not about how and when i buy it. it is about how much money i am willing to risk with bitcoin. this is surely different for different people but the principle is the same. you always want to invest what you can afford to lose.

Nice is a very nice plan you are having and if you have other sources of income then you are on the good root.  I believe that saving is what prosper us as according to clement stone "if you cannot save the seeds of greatness is not in you " we must endeavour to save and be able to keep to our savings plan.

going nearly 50-50 with bitcoin and altcoins is not a good idea in my opinion. you are taking a huge risk on your 0.7BTC worth which is in altcoins. and I would say that unless you are an experienced trader who is using that 0.7BTC to make profit from trading altcoins and using their pumps, then it is not a good strategy to get involved with them because the losses will be greater and the possible gains will be smaller than holding 100% bitcoin.
what I personally do is that I dedicate a smaller amount for trading altcoins and constantly cash out the profit and also I make sure to stay away from the altcoin market during times that I can't predict it or times that are generally considered "dumping season".

How much bitcoins have you gathered with faucets?This is almost impossbile.I guess that you are using faucets since the day they were invented(probably 5-6 years ago). ;D
Anyway,I can't say that this is a plan,but it looks like a good tactic.
Do you have a plan B,in case the bitcoin and altcoins prices crash?

To be sincere i don't know how much i ve gathered with faucets. I saw a comment above of somebody that said that i achieved missione impossibile by gathering 0.3 btc with faucets but i never said so lol. Anyway definitely less than 0.3 . in my post i just put the ( also through faucets) word, never said i gathered so much. Anyway if you had clicked on gavin (Andresen ?)faucet( i saw a post on reddit commemorating it) he was giving 5 bitcoin per your or per day in 2010(?) ( ahhhah)

Plan B? Not really ? Lol. I ve traded forex for a while so i can keep a floating loss for too long even if this practice is frowned upon in that world but this is not day trading anyway 

I know it is risky. Infact as i said those 0.70 in altcoins were bought at extremely cheap prices when i was unaware of everything crypto wise. I'm debating what to do in the near future but i will try to manage by finding a " solution"

Agree 100 %

Don't set yourself such targets, because it will only work against you. By the time the price breaks through the $10,000 mark again, you can be sure that it will keep going up far beyond what you think is possible.

My target last year was to keep accumulating as long as the price was hovering below the $2000 mark, and it didn't take long before I realized how much of a fool I made out of myself. I won't make the same mistake again.

Continue to dollar cost average your entry points and you'll be fine, that's my advice to everyone here. Even if you bought last year's peak, if you buy at current levels you effectively lower your average buying price with at least 50%.

Instead of waiting for the price to reach $20,000 to break even, you'll break even around $10,000 or even lower. :)

The best type of saving is always saving for something. Right now, I am saving for a game, red dead redemption 2 is out and it costs about 60 dollars or so to get the game which is a lot of money in my country (for comparison I am making about 80 dollars a week and barely survive) but I am trying to put money aside, not just 60 dollars to get the game but also enough to make sure if I buy the game it won't matter to me and I wouldn't be in big trouble for spending that amount.

If I was living in a country like USA or UK than I would probably get paid a lot more and than buying those types of stuff would have been easy but I am living in a third world country and those kinds of stuff are really expensive for me. You need to put a goal to yourself and save for it, that is the best way I have found to save money.

It's sure nice to have plans, be it small or big. Don't stop now, Looking at coinmarketcap, bitcoin is still valued below $10,000. If you still have the means to buy even by fraction, go ahead. A fraction a day, will naturally become one whole way ahead. You were absolutely right in believing that bitcoin will become very costly in the future.
Anyway, your's is a superb plan.

In my case no i didnt buy at the 20 k level i only bought so far constantly since March 2018 every week or so and in the last three weeks/month i ve ben buying every single day without fault. Basically i only bought at the 6000-8000-9999 $ level since March. I bought half a btc in 2015 to exchange it but i should have bought way more lol but i didnt exchange it into Fiat. Back then i could have even invested way more than now but that's how things go. In 2015 bitcoin for me was just a rumour i didn't understand it yet
I think we are still the early investors in the space(even now in 2018).

At the moment you are holding more than half your crypto in bitcoin and the price is not moving. You could drop it down to 30% and do more alt trading to increase your profits, but it is more risky of course.

You have a perfectly thought out strategy and it seems you are well informed, so I would not have much to say actually. I like it when people think like this for the long term and this is what always separates those who tend to do well over time from those who are just busy complaining of low prices. Buying below $10k is a very good plan and halting above it is also not a bad one either, considering the market will have a chance for a huge growth by then.

Also, with the altcoin plan, that is actually one sweet way to actually increase your bitcoin stash as well over time, considering that they are always into the game of short term huge fluctuations, and I have used this plan as well to increase my bitcoin over the years, so having such amount in this time in altcoins when it is in the bottom, shows pretty well the potential number of bitcoin you could be having in the long run.

Wow , thanks a lot for your words, really encouraging. Also i noticed that now i have become a Jr. member  ;D

Buying bitcoin not exceeding the price of $10,000 or even when it goes higher is a good strategy,since the great coin had already reached $20,000 so its only normal to expect the next big thing in regards to your investments
And for me,you are good enough in making plans for the future of your hard earned money

It is not a bad plan for you considering that it is more of a long term plan and you are seeing an opportunity in taking advantage of the dips which is always a good thing as far as I am concerned.

One thing a lot of people do not actually get to realize over time is that this space has been growing over the years, and basically it has not stopped growing at all and there is still more room to grow, so the best in most cases at times like this is to be taking advantage of the low prices and looking forward to the long term and this seems like a perfectly well placed plan.

Yes definitely excited about the plan, maybe having traded forex helped me not to get nervous or care about price swings lol. Bitcoin is clearly creating higher highs and higher lows if we see the weekly or monthly chart . bitcoin so far has demonstrated to be the best investment in the history of humanity if we only consider its price during the years and not counting the good that it will bring to the world in freedom, banking, blockchain applications to our everyday life and more

 

I really like your plan, and I recommend to you to stick with it. Set your goals in mean when and at which price do you want to sell Bitcoin and you are ready to go. For example sell a little portion around 20k USD, then near 30k USD and so on, that depends mostly on your aspiration.

Probably, he sounds like someone who is actually ready to live with that and he is simply looking at the long term and not the short term which a lot of people in this space who are new tend to look at the most.

At this stage, as long as he is not sure of where he wants to take advantage of, he should not attempt it at all. Like you said, what you have asked him to do is a lot risky, but you still ask him to do it anyway. Anyone who is looking to trade or take advantage of altcoins growth should also understand the risk involved, but I understand basically well that it is actually a very good move if you can handle yourself.

Wow, this is a great read and I am very sure that you are a very knowleageable about bitcoin. Continue doing the good work and I am surprised that you have a well out plan in cryptospace.

I have read a thread created by LoyceV, where it says that the bitcoin is somehow being manipulated by a group of whales that is why it stays in the price range of $6k-7k. For some investors this price range is still the best time for buying. You are well informed mate :) keep reading and updating yourself in crypto space.

Nice job OP. I think if you are 100% the coins you hold will grow then hold that coins and sell after some time. I think you can still buy bitcoin under 10,000$ but make sure you not buy large sum of bitcoin when is high 8000-10,000$ range. I wish you good luck with your plan.

A good plan to save your BTC for a predetermined period of time,I hope other investors also plan the same thing so that there is no problem losing the money they always talk about.I think your investment in ALT will increase your profit so I think later not only 1BTC but more than that.

How are you storing your Bitcoin?

• If you add small amounts to your wallet each day, you should read Fees are low, use this opportunity to Consolidate your small inputs! (https://bitcointalk.org/index.php?topic=2848987.0). Not so long ago, when fees were high, I've seen people who literally had worthless Bitcoin dust, despite it being worth hundreds or thousands of dollars.
• If you're keeping your coins at an exchange, you should get yourself a more secure storage method.

It's virtually impossible to time the market. I regret not selling most of my alts, only a few went up long-term. I still hold on to them, and sell a small amount once it goes up to a price I like.

I had them in paper wallets now i have them in a ledger nano S

about the dust i have a few transactions of 30000-50000 satoshi that i got from faucets , the smallest being 10000 but they are not many now because i had passed them to the ledger nano s by sweeping a complete address(through electrum wallet used by me only for sweeping some time ago and sending everything to ledger nano)  where most of my faucets proceeds were

i still claim from a few famous real paying faucets, feeling greedy for satoshi lol

when you talk about dust would you consider 0.01 BTC dust? i don't think so but I ask. i buy BTC from wirex(very good rates) through their app and keep them in their hot wallet until i reach 0.03 BTC  and then i send the BTC to the ledger nano s. fees now are a minimum of 0.03 Euro to max 0.26 euro (thats what i have paid on wirex (blockchain fees, wirex doesn't charge anything they make money only in the exchange rate of bid/ask)

It's not dust in the sense that it still has/had value at high fees. Last December, fees went up to 600-800 sat/byte (and shortly even higher). If/when fees go up that high again, each input would cost you 0.001BTC or more in fees, which is 10% or more.
Let's say you have 10 small inputs of 0.01BTC. If you consolidate them now, you can pay 1 sat/byte and get around 0.09998BTC as output. If fees go up to the peak again, you would get less than 0.09BTC. That's why it's so important to consolidate your funds while fees are low, it makes it cheaper to use your funds later on.

True i had heard about it maybe i should do it , will think about it

In case i wanted to consolidate you advise me for example to send 1 entire bitcoin from my ledger to an other address of my ledger and keep everything saved until now in a new unused address belonging to my ledger nano s? I never did that just asking if it is worth it to anybody that knows here

Will it take long for Ledger nano s to consolidate everything to 1 address?

I have no experience using a Ledger, so can't tell you the details. If it's possible to select which inputs to use, you can manually select just the small amounts. There's no need to put all your funds in one output, you can keep several larger ones in different addresses.

It's just a normal transaction; it takes as long as any other transaction.
However, if you're not in a rush, it's worth using as low a fee as possible. It can take longer to confirm, but you pay less fees.

Just make sure to double check the address you're sending to, but that's a warning that applies to all transactions you make.

This is a very good plan, I personally do this when my salary comes I set aside an amount of money then invest with it.
Investing a small fraction until you made it 1 bitcoin is a good motivation to others especially in holding bitcoin in a long term.
Yes, no doubt with Bitcoin technology I also now starting collecting on this coin.

Thanks!

Good i definitely don't feel alone in this :)

The plan doesn't seem to me as a bad one. I think I would do exactly the same if I would own as much crypto as now you do. I am totally agree with you that bitcoin's coming back to the Olympus may take couple years and we should to use every opportunity to earn on future's "moon" price.

In the world of cryptocurrency, as on other financial exchanges, you cannot be sure of anything and in any case you participate in high-risk investments, but I like your plan. I would do the same.

It is definitely a plan that will work and since you have accumulated that amount of bitcoin for a long time I am sure you are not going to have any problem holding your coins unlike many members here, just remember to make an effort and remain constant, it is very easy to think the price will remain like this forever but when it begins to skyrocket again you want to have as much bitcoin as possible because it is likely the next time the bull run comes we will shatter the previous all time high.

Always good to come across people similar to myself, who accumulate as much as possible, in really modest sums, over the months and years. Left a professional career that lasted most of my adult life and this more or less coincided with my switching to earning in Bitcoin - so whatever coin I can set aside after paying the bills and putting food on the table, nice to see it grow (the price now is also a boon, I have faith that they're only a matter of time away from recovering some of their old value).

As LoyceV advises, take the time to consolidate these small amounts every now and then. Honestly, 1 sat/byte won't cost you much every 10 or so input consolidations (that's just my "bar).

Whatever you do, I'd say not to put everything in the Bitcoin basket. Set aside something tangible that you can fall back on and never hesitate using your coins when you need them. I'm a huge believer but unless you have no dependents, nothing is worth risking everything for.

For now you should buy until price reaches $50k. When it reach $50k in 2021 you just start spending money that you would use to buy BTC. Treat yourself. Then a year latter when price is around $100k you start buying again.

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For now you should buy until price reaches $50k. When it reach $50k in 2021 you just start spending money that you would use to buy BTC. Treat yourself. Then a year latter when price is around $100k you start buying again.
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i have the feeling it will be more than 50 K $ in 2021 but i may be wrong .... or maybe it will be 50 k at the bottom of the next bear market :)

All of us who felt the massive effect of bitcoin's bearish market, wanted another good news to happen but I don't think the skyrocket scenario will exactly initiate. Bull run expectations might be a struggles and yet many people has been frustrated for a long time, yet this year has not shown any good progress.

Only if people actually understand what an appreciating asset and a depreciating one is and they even understand the full disadvantages we have had in having to be in fiat over the years, then they will understand why bitcoin has a great value and will keep having huge value over time.

It will take someone who is well vast and have the basic knowledge and understanding of where they are investing in that will know that they have a lot of things to gain in the long run, by seeing bitcoin as a good haven for the storage of value of what they have and in the long run, what they should even expect more is an increase in value.

It is normal to keep being frustrated for as long as you can imagine if you are raising your hopes too high in the short term. For someone like OP, it is obvious this is someone who thinks more about the future than what is at hand at the moment, and even while considering what is at hand at the moment, he is more or less just trying to take advantage of it.

When you have a long term goal mindset, the idea of seeing great opportunities when others are seeing issues and whining, or the idea of having plans on how to approach the market when everyone is busying crying their eyes out over what they have lost is something that will always make you different over time. This is one thing that has made a lot of people different and made good plans for today and even still making plans for the future, and the truth is that some people have been here for a very long time now and they still do not have anything to show for it.

Good luck to the OP, as I know he will most definitely do well in this space, with such brilliant mindset, but one thing for sure is never to stop accumulating as I know in the long run, we will be far more than where we are now, and some people would even wish they bought at $20,000.

Thanks a lot for your encouraging words. I really appreciate your input. Bitcoin is an everyday discovery for me as i ve looked into it more and more, its function,  its technology and the math behind it in the last couple of years. It fascinates me and i understand the potential and the opportunity behind it and yes i will not stop accumulating. The other day i said in a post (here in this thread) that " i believe in bitcoin" And i received a message from a moderator saying that my post had been deleted because it was not in line with the forum rules. My post didn't say.much , just that i truly believe in bitcoin, i didnt post any referral links so i don't know what really happened. I hope this post will stay instead, maybe it was a mistake or misunderstanding, don't know, thanks

I did not said that Bitcoin will not be higher then $50k in 2021. I said that you should buy until it is $50k.

This prediction is just a expectation of Crypto hunters. Because last year many peoples are said it will reach 50k USD in end of 2019 but current market is totally opposite in last year pump so we never say when it will going to moon. I hope Butcoin will raise in next year so as soon as possible we must hold more Bitcoin in this bearish market.

the plan to save cryptocurrency or assets that you have is the best choice because when you have that plan you can become rich in the future because of the influence of the increase in the price of bitcoin.

Yes, there is definitely a potentiality of getting rich(or gain an important sum) with this, i'm actually excited at the possibilities. The best would be never to exchange the saved crypto into Fiat and spend it slowly only when it reaches very High prices.

Saving plans from bitcoin is a great strategy to make a good earnings a lot of us here in crypto is doing our best to make a good profit and your strategy is good buying in dips will bring you a great future when bitcoin will reach a highest price of all time.

Today i decided to splash on a 0.05 BTC purchase (when it touched 4800-5000$), given the low prices. i was reading the comments on investing.com. people saying the same old things: "Bitcoin is finished, crypto is doomed, the intrinsic value is zero, your ponzi scheme is imploding " bla bla bla. price may go down some more, it is true but i'm watching the whole thing in a very detached way

reviving a bit this thread after the crypto winter hibernation(or are we still in it?). my plan is continuing. I've saved a total of 1.53 BTC plus approx. 1.10 BTC in altcoins. is it imbalanced? my opinion is that between the end of 2020 start of 2021 and 2024 Bitcoin will reach very high prices

Nice going. Looks like your plan is working out well:)
What i wanted to ask you is when we moon do ypu have an exit strategy?

well, my exit strategy would be to change an important sum into fiat if it's worth it during a big pump. but always keep some BTC for the future. of course if for any reason I will need money this idea should be revisited. but probably adoption will be big enough that I will not have to exchange all my BTC for fiat (hope not). I may change altcoins into BTC if they skyrocket in relation to BTC. it's just ideas but for now I'm a pure HODLER :)

Your saving plan is good however it depends the situation and the price of bitcoin but if you want buy, I think this time is great time to buy because as you can see the price is dropping so it's good time to grab the opportunity.

You are doing great, from 1 BTC to 2,63 BTC is successful story, especially in bear market. I think that you should stay within your own rules in trading, because you are doing really good so far.

Thanks for the encouragment guys! ;D ;)

The balance or the differentiation of your portfolio is up to you. I don't think that there is a correct balance in hodling Bitcoins or another altcoin. Sometimes alts give more profits that bitcoin does. It is positive that you keep growing your portfolio and you have accumulated more fractions of crypto to your balance, you may end up with more profit in the end.

everyone has an exit strategy dude, they have a target price to achieve and sell it. it is the thing that must be done by every
investor and holder but they will definitely come back again and buy again when prices fall again.

That's... actually really amazing if I say so. You started with in October and not only added 1.5 BTC but 0.4 BTC i alts.

That's four months and then some days, and you're much better off than where I am/was with savings. Probably a bit tougher in my case, since I actually earn in Bitcoin, and I had extra expenses ate into my savings. The year end plus an emergency really hurt me badly thanks to low btc prices. It teaches me that I should also put some savings aside in fiat, so I can use THAT for emergency for the next year (this year) should it come.

That's my suggestion to you too - save as much as you can, as a normal person would for financial planning, but keep some of that savings in hard currency (not that Bitcoin's not hard).

The saving plan suggested is truly good, and this will help in long term profiting. Small droplets make a big ocean, same is with our bitcoin. What we save as a regular investment surely turn big in the long run. The same when we invest into cryptocurrency will profit big as growth will be high with regards to time.

Most of the investor now are take advatanges to buy bitcoin because they can earn more money in the future once the bitcoin. Lower 10,000 dollars planning to buy is very nice and for sure you will get more bitcoin now because it's lowe than $5000 and I think those people needed to be hurry up because for sure in the next few months it will increase the price very high.

Your prediction is comes true in future, But 10k USD is not a small amount so peoples are panic to participate in Bitcoin investment.
I prefer altcoin investment because Ethereum and some other altcoins also make great return in next few months so Bitcoin is only for long term investment and altcoin is the best investment in this scenario.

Actually this is the plan used in early days when the price of bitcoin is at single or double digit with no hope price will be increasing in the future but lot of people just bought with what they had,so if you trust bitcoin then buy it and hold it for long term.

I am following a plan like yours. I have also BTC and alts in my portfolio and I will accumulate alts until the rise of the alts. And then I want to sell them to buy BTC one by one.

Reading all your replies, tips and positivity cheers me up. As I said in other posts I really believe in this :) my guts tell me there are 80% chances that BTC will go to very nice highs in the future and the more people adopt cryptocurrencies in the near future, the faster and higher it will go. it's probably better if the growth is slow but steady but there will be pumps and dumps during the way for sure.. there are so many detractors in bitcoin screaming at ponzi and telling us that the only real money is what central branks print and that everything else is monopoly money. satoshi proved them the contrary. we are in crypto winter and the industry has a market cap of 141 billion $ today (feb 24 , 2019). it's huge but still relatively small. the foreign exchange market deals with 6 trillion $ daily. bitcoin is still nevertheless in its infancy but gaining momentum and in my opinion, it will go higher and higher. we are still in the early stages.
 

Congrats for acquiring a whole bitcoin already. You have a neat plan, let's just hope that the market will favor us this coming months. I also have some coins in my wallet and since you've mentioned you're going to exchange yours into bitcoin, I am also thinking of exchanging mine but my problem is the price right now is totally no good so I will wait more.

At this time it would be very good to keep Bitcoin, as a source of savings, until the market starts its upward trend, because at this stage that we are experiencing now, the price can range between 3000 USD and 5000 USD, which represent areas of opportunity . If you can keep the investment in the long term you will have great benefits.

https://i.imgur.com/9xfD8zt.gif

Just like these Bitcoin Meme's I still believe in Hodling your bitcoin, Like all of us in the forum, are saying that this investment is for the long term only even if you buy it when the price is at $19,200 USD it is not the end for you but to have faith and only hodl bitcoin stay calm even if the bull trap you, I always believe in keeping on buying because the price will still continue to surpass the recent All time high, Don't lose hope, And as you say that the price will sure range to $3000, $5000 or even $2000 value this year I will keep on Hodling because there is still an upward trend that we should be waiting.

It's usually around that time when any kind of investment explodes... but I believe it's not the time yet. We still have a lot of mosquitoes in the ecosystem, draining its strength.
We have to more down and when most will believe these headlines, only then will the mosquitoes go look elsewhere for food.

Yeah that's a very determined statement to hear from you mate, and I believed upward trend is worth waiting for right now. If we speculate for the possible price surges, definitely price will have to move in an astonishing behavior which will provide us more hope in crypto. Even the dip price will make the situation worst, trust with bitcoin is still very important in order to remain a long term holdler.

NO, some panic seller may just benefit after the current market trends. If one were able to sell while bitcoin and other crypto still going down then definitely buying back at cheaper market price would benefit the holder in the next cycle of bitcoin market price. Relatively there could be a high chance that panic seller in the near future will get huge profit.

One of the things that is sought in this period of accumulation is that bitcoins holders, sell their bitcoins at low prices due to panic, that is why bad news is often presented, this accumulation phase is very important. Those who do not understand the market very well tend to be tempted.

Regular spending on bitcoin for a longer time period unlike the price difference happening with time is a best saving plan. Here it gives the user with the best in the market and provides with ease on investing as we don't know when is the bull market or the price pumping gonna get initiated.

Monthly saving has always been the best method since the early days of humanity. Even merchants that existed before money was created managed to find a way to save on each sale instead of reinvesting or spending everything. Roman times there were many people who have done trades and such and bought places for future profits with each of their income, of course that took months for them to get something from place A to B and come back but they still did it.

So, in today's world smartest choice would be if you are american just put up your credit card on coinbase and give an order to buy x amount of (decide on how much dollar) bitcoin every month so you can save for the future without having to worry if price is going up or down since you will buy from all prices.

1 whole bitcoin is useless if the market will constantly fluctuate and price will still drop down  .  we must not count our investments because that is a badluck ( older people says )  just leave them all in your wallet and comeback once in a while  .



You dont save when you spend  regularly.  you can only save when you spend wisely or rarely when you only need to buy stuffs that are really necesary  . hodling your coins passively is a one sure way of saving   .

IF thats the plan then you may accumulate more these days as bitcoin is just more than below 10$k?sitting actually below $4,000 and very cheaper for your plans so buying today will bring you more profit years after

You have give me good idea on how to make a good income in future by buying little amount in this bottoming time,since we all know that after the dumping is pumping next.

Hope to see the outcome of your strategy in the near future mate

Not all dumping happen is there a next pumping, there's some time that it is a stable range in the market and we don't know the exact flow price in the market. A saving plan is good if you don't rely on your expenses in saving, you can wait until your profit was there and patiently wait when the market recovers itself.

Panic seller? Benefitting? Panic sellers never benefit in the long run simply because they may sell in panic and somehow make profit, but they will lose it all again when they panic fomo buy back in.

IF you trade with emotions and without strategy, then trading is not for you. Therefore, OP's plan is best. Just have a savings plan and price doesn't matter at all, and at the end of the day you still have Bitcoin to call your own.

It is true, the panic in the trade is the first enemy of the merchant, it is necessary to trust in the analysis of the market that is carried out, so he will not hesitate to enter the market with a really good position, the worst thing that can happen is that he arrives Stop Loss .... From there, some type of learning will emerge, and if it is earned, it means that the perception of the market you have is correct.

I like your plan. I think that it is good, simple strategy. To set upper bar on 10 000$ is okay, if we take in consideration bitcoins ATH and assumption that it will reach that value again. Although it would be much effective to invest large now, when the price is standing on this margin, and achieve bigger profit, I am aware that not everybody can afford such a move. Therefore, taking small steps is good second choice solution.

For me it is a good plan I really like it,
And I also plan to do it but before I start I want to pay all of my debt first before saving money.

Actually this is not a saving plan, it`s investment plan, you have your saving into some investment, in this case bitcoins. It`s risky, like all other investments, risk is just lower or higher, but gains in the end differ too. We all learn as we live, recently I saw something interesting about saving, and how saving can`t get you far, but learning how to make more, to earn more than you spending is the key for success. In this case you actually don`t save, your savings are different investments, more of them makes you safer, and each of them have potential, lower or higher, to make you filthy rich.

It seems to be a good plan, strategy works everytime and this something cool and I hope it will be a useful tips to the Panic sellers. Because they are the one who sell in a hurry after seeing some links in this forum.

A plausible and realistic plan. The attitude of OP is very good, believing onto something and realizing that it should go gradually. Not like those people that have been thinking that bitcoin is a quick rich scheme and will bring riches to them overnight. OP is the typical investor that understands what he does and he should be an example to those investors that are thinking opposite about bitcoin. I'm wishing you all the best and keep on going OP, we're near to the top.

You have indeed a good plan and I envy your courage into it. Buying bitcoin every time it's below $10,000 is sometimes effective. But not all the times. I mean, when you bought it at $8500 but it goes down eventually to $3,500. Then, it is not a good timing.
Why don't you use some indicators to at least have a guide and knowledge of the price of bitcoin will go bearish or bullish.

Thanks for all the comments and posts guys. I guess we are many here believing in this. I kept buying small amounts these days, the weekly 200 MA is close so it is risky of course but it is also refreshing to think that we might (I say we might) have reached a bottom at around 3000 $. About the Hodling part I'm pretty used to this as I have made my blood "colder" with forex trading. I have had in the past many bad trades float without any stop loss there and people said I was crazy, and I said "price is within range, it will go up to the previous price" and so it went(pheew). never lost a dime in forex but I've stopped for now. I believe Bitcoin is less risky than forex and I don't daytrade bitcoin , i buy it for real. I'm also happy to be part of the future of money :)

It's a good idea, it includes long-term investment too, in my opinion. many people want to find ways to save their money from their monthly salary, but what they do is keep save it in the bank even though in the future the money they collect will probably decrease in value because of inflation, the best all they have to do is buy bitcoin every month for their future

I think this strategy is good if the person can find out some coins that have the potential for price increases like in Bitcoin, but if the case from OP is trapped in altcoin or shitcoin and must implement a safe plan for the long term then it will give a very high risk of saving coins that have no clear development.

You are doing just the right thing, buying below $10,000 is a good technique because for sure we will again reach that price.
Not only buying should be the focus, you also need to ensure that you have a very precise plan to sell at the right timing, buying and holding alone will not make us successful investing in crypto.

True, see what happened in December 2017 January 2018. We are learning eheh

Using crypto money is the same as a frugal package, because transaction costs are not as big as using banking services and faster. This efficiency is an added value in crypto use, especially for payments between countries.
Then,  the use of crypto is only based on the internet which means it is simpler and not subject to other costs, because something that happens in cyberspace cannot be taxed.

Everywhere saving is the one that makes the change everywhere. When it is done through cryptocurrency we can get promised return on the savings done regularly. Also, the savings plan is really impressive to buy and hold until the price of bitcoin not exceed $10000. To save is really a hard task, but one who achieve it long term succeeds.

 


Well using it now at this current state could possibly make you lose out in the long run. I'd rather lock up any bitcoins that i have and spend regular money. At this point, i don't see it as a cheaper, more convenient mode of transaction but something that'll give me profit in the long run.

This is a good time to buy bitcoin, prices are falling in the range of USD 3,900 so there is a good opportunity for investment, because the prospects are good the price starts to increase so there is a chance of earning profit in the short term.
Bitcoin must provide an opportunity to enjoy profits after a long time in the price range of USD 3,400, and began to be proven. Without certainty it is difficult to expect investors to increase their capital.

Woke up this morning and my total portfolio in Btc had gone up to 3.10 btc including btc and altcoins. Now it's below 3 BTC due to the usual temporary dumps but this is just the start of a probable Long bullrun that may last a few years. I may be wrong of course. Also this morning I bought 0.01 btc

Saving is a mind killer, its what I think now after so many years of trying to save something. You earn something and you try to spend just a little and to always put something on a side, but that is bad idea, now I think that saving is not good at all. What we should do is to improve all the time, as we are improving to find new ways of earning more. So don`t save, try to earn and to spend and invest in something.

Having a saving plan will make your savings good. Setting a plan will your money to be organized. Sometimes having a large amount of bitcoin causes of not having a savings especially when the price is high because they are expecting that the price will continue to rise but since then bitcoin isn't stable so we need to do something to have or to start saving. Planning helps especially when you are panicking but you settled a plan you'll be relaxing because of that good plan.

You are on the right course and the change is expected to happen, has the price increases, there will be a little corrections before going back to that value and testing the next value, so don’t worry, your Bitcoin will get back to the 3.10 and far beyond that, just keep holding.

You have quite good amount of holding on BTC to give you a very good profit every time we witness such activities like this from Bitcoin, in which we still have many of these to come within this year and by the end of the year, the major uptrend change is expected to occur, let me predict your own coin, I see it increasing to 6BTC by the end of this year, what will be my commission of this mate?

Maybe it will be more good if people saving and split it again for investing. I mean like we split into 5 place and one of it is investing and saving, so we can manage our assets well and have something to enjoy too.

It is nice to hear that a member that is relatively new is doing well, just remember that the price could go down very abruptly so keep your eyes open and watch the market and what it does because you never know what will happen, this is especially important if you are holding altcoins with very low market caps that could collapse in just a matter of hours so if you see that begins to happen you can sell your coins immediately and retain most of your profits.

Is not easy but no one said that being a trader or an investor was going to be easy but the profits are totally worth it especially in times like this when you can earn a lot of money in just a few hours or days.

Thanks, yes I will definitely keep it in mind. The other day an altcoin pumped big  in Satoshi value and I took 10% of the quantity of that altcoin and exchanged it into btc

I have decided to buy another 0.01 btc today even if the accumulation period has opened its gates to a bull market. I have said I would buy at least until 10 k and I wanted to keep my promise lol. Maybe I will stop for now and let the big institutions come in :) next move for me will be to change fractions of some altcoins I have for btc if the an altcoin bull market starts soon. The 0.01 I bought today I did it almost a symbol of my plan. We are still below 10 k after all :)

That amount you are buying is low, better invest that in altcoins as they could possibly bring good results on your investment.
You can see the top gainers in the market https://coinmarketcap.com/gainers-losers/ does not include bitcoin, and that is only a 7 days run.

thanks for your insight. I'm the OP, I have bought 0.01(or more) day in and day out for weeks or months when the price was lower. I have accumulated  2.04 BTC in BTC and 0.73 BTC in altcoins. at some point i got to 3.36 BTC and exchanged a few more altcoins into btc to get to at least 2 BTC , then altcoins fell and now i have less than 3 BTC but that fluctuates as you know

Dollar cost-average is the best plan. In the past I despised it, but during the bear market, I was underwater. Then I decided to apply this strategy, and started buying periodically, because I knew it wouldnt be there forever. Before we reached 6k I was already out of the water, having covered the losses from what I bought in 2018 (before the plunge to 3k). If you buy cost-average, and hold, it will be better than lose your nerves with endless TA. Its too hard to time the bottom or the top, and not worth the headache.

It seems like Bitcoin will approach soon the 10 k level. I have been buying small amounts all these months and as I said I will keep on holding my coins for the long term. I may exchange  1/3 of my stash in 2021/2022 if it's worth it and let at least  1 BTC or more float on the way up for the next bull run in 2024/2025 if there will be one . If mass adoption will come it won't be probably necessary to exchange anything into fiat anyway. Is there anybody acting on a similar plan like me? I have managed to accumulate around 3 BTC so far of which 2.15 are pure BTC and the other 0.82 btc or so is in altcoins. My idea after 10 k btc is to pause buying Bitcoin and get from every altcoin more btc maybe by exchanging them when they are high in Btc value. We will see

Let's look at $9K level first, although we are fast approaching it, we don't know what's on the speculators mind, maybe they will dump again when the price reaches $9k. Anyways, it looks like you have a solid plan already. So you just have to follow it to the tee and execute it. Of course everyone here has a plan, to at least accumulate 1 BTC in their lifetime.  ;D

My new saving plan involves not just spending less but earning more. We all have jobs that we go to and work and make money which helps us survive and usually covers either barely the living expenses or sometimes it doesn't even cover that but I am lucky that my income covers just about the amount of money I live, sometimes not even that but mostly it covers it.

Now, I am looking into some other stuff like airdrops and bounties and all other methods where you work to earn income from crypto and I will make those income into my savings plan and will not spend them, that way I can just put that extra money aside without withdrawing it at all and instead of spending less (which I can't really do) I would be earning more to put aside some money for the future, usually for emergency stuff.

Accumulating on having 1BTC isn't really that hard but well we do know that not all are capable on doing such thing

due to different financial status and on where we do live.We should really always have that plan B incase our main plan had failed.
Rinse and repeat until you do see that you are already progressing.

first part of the plan has been achieved. according to my plan i was going to buy Bitcoin until the 10 k level. I did yesterday a few minutes before it smashed it through. i bought 0.01 btc at 9991 $. my total btc total went down though as I have part of my coins in altcoins and btc is going so high that the altcoins can't keep up. i hope on a new altcoin season to boost my btc lol. total pure btc accumulated 2.16 , total altcoins at the moment 0.67 BTC (total btc value 2.83). the maximum i have had was in april and it went up to 3.32 BTC because altcoins were higher. it's ok. I didn't lose my faith completely in the altcoins and im gaining more experience in this as time goes by . i had no clue in 2015 when i bought half btc when bitcoin was at 200$ (lol) thinking it was soooo expensve. if i only had known.i had no clue when i kept my hugely pumped altcoins and not selling them at the peak in 2017. we learn by our mistakes. i'm not complaining at all :) if you think how times have changed. i'm more injterested in the btc price than the fiat value lol

even after BTC surpassed 10,000 $ I bought some fractions, couldn't help it :) for example i make money with the quora partner program between the other things and now automatically that money i have decided to put it all in btc. it's not a lot so far but it adds up . I'm convinced bitcoin will be worth minimum 100 k by the end of 2021 and that's a conservative prediction IMO

$100k isn't a conservative prediction IMHO but this price is achievable but wont really be that easy.Global adoption

is the key to reach up this price that's why even $30k price seems too realistic on my part and going beyond that is way too much.
About saving up and investment thing we know that BTC is capable on this matter but all would depend on the person or yourself on how you do handle it.

I'm still buying and dollar cost averaging. Are you doing it too? Eheh.

Saving plan with cryptocurrencies is quite simple, and we've got a lot of applications that help in maintaining portfolio. Another thing it is good to spend little every month eliminating the unwanted expenses. When there is more amount than the usual savings buy some top altcoins to make the portfolio strong. Cryptocurrencies were the only investment that has got the potential to profit big than any form of savings in bank or other means.

if you are sure of the choice made do not hesitate to do it.
in the crypto market the price of altcoin or bitcoin no one knows for sure which will make more money, and no one guarantees that what we have planned will succeed, but apart from that I really admire your hard work.

It's easy to say by means of expectation versus reality. Well, it's our own way by doing those things but to think on the outside of the box, it's all about patience, understanding and by control our emotions. It's so nice to invest but we need to be strong enough whatever happen in the future.

I don't get it? We were already over $10k a few weeks ago. Its not a number that is out of reach, we could even pump it with a equal sharp rise in a day. Breaking the last ATH is a whole different level, and that would give the confidence for large scale player to really enter the bull. 10k will be a blip on the chart like the $1000 high of 2013 is now.

You already have a great plan to do, but remember to make sure that 0.70 worth of btc you won't need that anymore, that mean if you lost all of it you will be fine on financial status. If you're okay if you lost it, you already have a great plan to do and you don't have to think about anything anymore just do it because i aldo trust btc will be much more valuable in the future, but everything could happen in crypto and we have to always prepare for any situation

Well yes, $10,000 would not be enough to bring institutional investors to the table, but it would have very positive impact and would mean a lot more then it did few months ago when it crossed it like every other day.
Breakout through 10k today would mean that the short-term bearish trend would end and open doors to much higher price as well. But right now we struggle to even break the 9k mark and the lows are getting lower and lower.

Pretty amazed that you do came back to your own thread and updated on what are the things you've already done for that span of time.
Still dollar cost averaging and since bitcoin doesnt hit up 10k mark as you mentioned on op then you do still continue to accumulate which isnt a bad
idea.Have you able to at least get some profits when the price hits up on 13000+?

No one knows if what will happen to bitcoin in the future but I believe bitcoin price will increase this coming 2020 after block halving.
It takes a long journey so I think much better to make a plan that you can multiply your bitcoin amount than waiting for years before you can make a high profit.
And honestly, we don't know if the price of bitcoin can be still increased in the future so it's risky if you are just holding them all.
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We are closer to that future than before, there is wisdom in your plan,just holding wouldn't have done something better.bitcoin cheap price is an advantage to buy, but it takes one who will be patient to cope with and enjoy it.I know very soon you will appreciate your plan.most people's plan now is to set their coin on the track for the bull run. As soon as it starts, they explode along.

as long as the plan can be done consistently then of course it is a good plan, because with you make and have a very planned plan and have the patience to not spend bitcoin that is owned quickly, then obviously it will be very good because indeed, it seems and i also believe that even the price of bitcoin will be at the highest level throughout the year as it stays above $10k and that is only about time because at least that time will come

I think that is a good plan. and in my opinion you should still hold bitcoin and altcoin until the bitcoin bull run. I'm optimistic that when bitcoin is bullish, altcoin prices will also increase. the important thing is that altcoin that you hold is good altcoin which has the potential to develop in the future. diversifying investments I think is more profitable than just holding bitcoin. because when we diversify so when one coin goes down, the other coin still has the possibility to go up.

I've been doing the same thing for a while now because of halving in the next year, considering $10K as the limit, buying bitcoin under $10K is cheaper compared to the gain after halving. According to the market behavior, some coins will rise up following bitcoin path in the rally, thus invest in some altcoins such as bch and eth will be profitable as well. Since bitcoin in the discount time right now, do not hesitate to buy the dip.

Im buying btc in small amount as well, I started accumulating first quarter of this year when the price is around $3k however I sold it when the price reach $9k. I really earned from that but if there's no unfortunate situation happened to my family I will not sell it because I have a set target price on when to sell.

Now im buying btc again and saving it for future especially halving is already next year, who knows there's a chance for another bull run.

actually I have a plan same with what you think. I am very sure, after halving, the price of bitcoin will really reach its highest price after 2017. Having more than 1 bitcoin before the price is above $ 10k is my goal at this time.
that's a good plan, moreover the price of bitcoin is currently under $ 9k. however, after you reach the bitcoin collection target that you have, start watching the market to sell it. I plan to sell bitcoin when the stbail is above $ 15k. but, when bitcoin still has the potential to rise at that time, I will still hold my bitcoin.

as long as the price of bitcoin under $10k is still good for collecting bitcoin as much as possible, even when prices down, I think it's good to continue to buy bitcoin. because we know, next year there is a big event, which according to history always makes price movements to the moon. besides continuing to buy, collecting from trade is also good, but be careful anytime bitcoin can jump high, and altcoin falls. so you must be vigilant when there is a move on bitcoin, immediately sell your altcoin before going down further.

Normally everyone predict some different set of bull run, But it will never happen on our expecting time. So we can concentrate day trading or long term investment and many peoples are waiting for next halving so 2020 is the right year for crypto hunters. If you buy current scenario also you can make 50 % profit because further hype will occur at anytime.

You are actually buying low as far as bitcoin price is below $10K then selling high above $10K I believed this is a smart way of trading bitcoin bearing in mind that come next year the price would pump to to another price level I am sure the price would range above $10K based on many positive news ahead, Bakkt, halving of bitcoin etc above all selling above $10K would guaranty you some profits although you are actually taking a risk what happens if the price dumped to $5K?

You know, I saw your thread and remebered that yesterday I saw a website that you can put a date and a value (weekly or montly) and this website will tell you how much you invested and how much would you have now if you invested like you said, every week or month
Buying this way looks like it`s the better way to prevent yourself from high risk and look awesome for the long term

Predicting the value of bitcoin is somehow a positive way by thinking on its huge value in the future. Also, every user have their own way in which will still differ on their techniques. It's a good thing to do by having a saving plan that really make sense for the future outcome though we can't even know when it may increase but I believe that it will definitely increase a huge amount in the future having a great profit by our savings today.

bitcoin is now entering $ 8k, and a little more waiting before the halving stage. maybe op is also still accumulating bitcoin according to plan.

I have a different plan where I have to trade 50% of BTC assets, and still with a BTC pair so that the plan to continue adding is no longer always from a Fiat deposit. In this case I am not referring to the current price at all and have proven effective in preventing me from making a sudden withdrawal.

If you read a bit more of this thread you'd know that he is.


It's a good plan since BItcoin tends to revisit past highs and 50% of ATH is always a good place to start buying. I had my main focus on 6k last year as the bottom and it should have been the bottom but we fell lower due to manipulation.

DCA on Bitcoin is always a good idea. This 2019 run-up may be characterized as a disbelief rally, with Bitcoin burgeoning from the bear market. Confident calls for lower price targets, from those waiting for a “cheaper” buy-in price, didn’t transpire as sub-$3k prices never materialized. These individuals will likely have to buy-in much higher than they intended, but would’ve been better served Dollar Cost Averaging (DCA), as opposed to timing such an unpredictable market.

Buying bitcoin at the end of every month as a salary earner is still the best way to actually have some saving in bitcoin, and I think it is even safer than using all our income at once like some people would advise which I don’t see that as something that is being realistic.

No matter how high that bitcoin may even get to when we buy at a particular period, the investment will always yield some profits in the long run, and even with this method of buying monthly, I don’t think that we will be able to miss out of any level bitcoin takes in its increase and also, we will be able to determine which particular investment for a month that is matured enough for us to remove instead of having to keep everything in at once and waiting for bull run in the future before we can get some profit out of our investment.

I'm in for the long run. I believe bitcoin will hit 100 k by the end of 2021 and maybe I may sell part of my stash before it hits 100 k we ll see but I will always try to keep at least 1 Bitcoin away. Again we will see i don't have weak hands with this. I still have a small buy when it was at 200 $ but back then I didn't understand bitcoin otherwise I would have bought way more

Thanks for all the reply. Happy to see that this thread is still alive and there are like minded people :)

Accumulate guys. Don't stop if possible. I am buying less than I was buying at the end of 2018, but I still buy. Sometimes I throw 100 euros, sometimes I put a monthly sum I make online. It's not a lot but I put it every month. I still have some altcoins and when they rally up Vs Btc I exchange them into Btc. :)

Nice. I think you'll do great. This is one of the best strategies. Im doing the same but also borrowing USDT to DCA with marginal debt during corrections, using my assets as a collateral with safe marginal level risk(total balance/debt). I don't plan to withdraw or liquidate any crypto assets. If I want to take money, I'll just create more debt supported by collateral. Im doing this because interest rates over the debt are way smaller than the potential gains.

I also think that if you understand the 4 year cycles then you can use volatility as a way to increase the amount of BTC in the long term. After every ATH comes an ATL. That for me is the key. I'm looking at BTC as a life investment. Not just for short term.

I like it.  Fractional buys or periodic buys are a way to not "time" the market.  I always subscribed to incremental buying, it allows you to see the major spikes while also being able to cost average lower if it dips.  Whether bitcoin or other markets it's a sound strategy

Of course, in my opinion, the best plan for an investor is to invest a certain amount of money on a monthly basis in the highest-rated cryptocurrencies.  Thus, there is a good chance to minimize possible losses and increase the chances of a good profit.  But if you consider a specific project, then you need to buy such coins in bulk at a certain moment, when it will be profitable by analyzing the maximum and minimum schedules.  But in any case, I prefer long-term investments.

i don't know if you were referring to what I do or what the other user said but what I do is very simple. I trust Bitcoin more than fiat currencies (even if I'm 46 :) so I'm slowly exiting my currency (euros) and buying small or bigger amounts(more in the past) at different price levels(called dollar cost averaging). I try to buy on the dips of course (usually at least - 5 %). any price is good if you believe in bitcoin so buy what you can, anytime, but of course, to profit more , try to buy on the dips. i really believe in the stock to flow model chart by plan B . it has been very accurate in the last ten years. i believe bitcoin will get to min 100 k max by the end of 2021. it may happen earlier. i don't see anyway bitcoin below 50 k by the end of 2021. also i'm not a fan of governments and i love the decentralizetaion of bitcoin, i love that it is borderless, relatively very fast and definitely very cheap (especially for big transactions)

Investing on.a monthly basis is the best options, especialy if you have some extra funds each month for continuous investment. It's good to diversify investment so besides Bitcoin to choose some other coins or perhaps some type of investment that is not related to cryptocurrency
Long term definetely should have advantage compared to short term thus you will minimize the risk and maximize the profit.

Diversify all you can as long you do have spare money to spend or invest on.We should not only focus on crypto investment but also on

those traditional ones like forex stocks real estate etc. We can save up out of our profits then re-invest it for further expansion of business then

repeat on the cycle until you do able to make it big.

Yes, investments made consistently every month are of course the best way because then at least we have an initial target to continue investing and stop investing to enjoy profits. This method will not be right if done only for the short term because basically the investment plan which is carried out gradually every month requires us to invest for the long term so that good planning and good research to start investing in other projects is a major factor that must be considered.

this is suitable for those who have jobs and thier salary is per month  but before to decide investing in cryptos , they should first pay their priorities . when all is clear and they have some funds left , that is the time they buy coins but they should also choose the right coin wisely  .

there are times that cryptos are on bullish by the time your going to buy them  , if that problem occur i think its better if you refrain from buying for now and re schedule your buy times based on your observation  .

This is how I started always buy low when the price id very cheap or there is a big dip, because in the long run you will eventually have a profit, I'm glad that you have a patient and a good plan like that, every newbie who wants to explore Bitcoin and how to make profit on it is to buy whenever they can and just ignore the chart and hold until you realize your profit.

This is not applicable to all holders because, some are getting their money from Bitcoin and have been usually spending it for their needs that makes it bad if the price goes down. Like me, I am still not working so here is where I get my money when I am buying stuffs online or offline. But, when the price of Bitcoin goes into a dip, it hurts me because, I need to pay for my needs but, the thing is, the price is low and It would felt regrettable to spend Bitcoin in such a low price.

This is your perfect time mate because Bitcoin is bellowing $8k and seems that there are more dumping will happen in the next days (But not will fall to 6k)
actually i try to do this way wack to at least Put some part of my monthly paycheck to bitcoin but i stopped last year because of some emergency issues and i need to pay loans until now,but lucky that My bitcoin are intact and still in place to my hands and waiting for the Bullrun to come.

I make monthly investments in Bitcoin, which consist of a certain part of my salary.  But I do not expect too quick income, because I make investments for a long period.  Of course, it is difficult to call it a reliable repository for money, because prices either rise or fall, so I prefer to keep my money in more stable values.  But Bitcoin is sure to make a profit, but only after a long time.

Did you buy at 3900? I did the other day. Black swan event unprecedented. Bitcoin will rebound big time

Still saving here and accumulating BTC. are you doing the same?

Your decision already paid massive dividends and I am so glad you are earning because you deserve every penny of your dedication towards the saving brother!

The price is moving above $11k now so are you still buying? As I saw in OP you mentioned you are going to buy/save as much as possible until $11k .. so what's your plan now mate? I also feel like you should buy now because while I might sound idiotic but we might be touching our all time high price very soon before anyone realize what just happened.

We will never know when the right time to buy so if we feel that it will still rise which always depend on many circumstances we should trust our instincts and then just monitor it, whether to buy more or to stop loss. I plan on buying last March but then I thought it might still fall since quarantine been announcing everywhere so I wait for some drops but then it rise and rise until I wasn't able to buy much since I spend somewhere my extra money.

Hardest part when dealing up or looking for buying opportunity sine this market is way too unpredictable.I do somewhat agree on what you had said
about instincts because in some cases i do really follow on what my guts been telling me on when to buy and when to  sell.

It depends on circumstances because each person do have its own will to make  up decisions depending on the current condition he's taking into.

When it comes to saving or accumulation for long term aspect  then ive been doing that stuff since i get involved here on crypto space.

Yeah, I got in at around $6.5k as well and that is what I was thinking like the best idea at the time, we are not idiots anymore, there could be people who are selling for totally different reasons specially the companies who are doing these type of bitcoin trading could get out as much as they can since they want to get out of that and get into something like stock market purchases which would help them a lot more.

However at the same time the people, I mean individuals who are interested in something like this knows that they could just buy at those low prices and could make a ton of profit. Back in the day people were not smart about that and whenever the price was low they were selling since they didn't know if this was the "end of bitcoin" or whatever and now they know it is not.

you buy a whole btc at 6.5k usd? dang  you must be rish while op and other people are only buying at smaller parts but its up to you if what you prefer . somtimes buying a whole is good idea to prevent further fluctuations

there are already smart people before the one that we heard on the stories about btc millionaire but most people are doubting and didnt hold longer compare to today  . selling for stock market may be a bad option now but people that are on stock market probably selling now to enter on here

In fact, today experts are announcing a massive transfer of capital from the stock market to cryptocurrencies. Investors are very worried about the depreciation of stocks and fiat currencies due to the crisis. I believe that institutional capital will greatly increase the performance of the cryptocurrency market.

thanks for the nice words. i wish you the best too!

to answer your question i'm still buying small amounts(well i never bought huge amounts anyway since i started this thread). i didn't stop at 10 k even if most of my buys are definitely below 8 k and i bought most of my BTC between 3.2 k and 8 k on average . I believe BTC will grow to 6 digits by the end of 2021 at max Q1 2022.

I still have a few altcoins from a long time ago that i'm exchanging into btc when they pump. my allocation is now 91 % BTC and 9 % altcoins. that may go to 100 % BTC in the near future

What a strong kind of dedication and trust towards btc but i would like to tell you that only invest on the amount that you can afford to lose.We might see that Bitcoin is worth for long term but
theres no assurance thing when it comes to future.We wouldnt know on when it would last, so basically means that we are always on risk on losing our money.

In the prices you had bought then i can say that thats a good choice considering buying between 3.2k until 10k is such a nice move you had there.6 digits on years 2021-2022?

Dont let your hopes that high too much because those possibilities are somewhat lit or not really that realistic on a short span of time but hey, that particular time will be ideal for you to sell out.

true i may sell some at levels(not all) just to hedge the possible bear market afterwards., and buy more BTC later. i now completely distrust fiat currency but it's still the major currency accepted at the moment. moneywise owning bitcoin is my goal and of course i will need to spend some of them too. but i believe that we will probably calculate btc in ounces of gold in the future or the usd value will not matter that much

It's still a good choice and a perfect one I wonder with all the buzz about DeFi why have you not thought of investing in DeFi projects when there are a lot of profit to be made investing in DeFi platform, I consider DeFi a permanent features and platforms in the community, it's an evolving technology that investors should explore.

Whether it is bitcoin or something else, saving always benefits the people. With bitcoin and other cryptocurrencies the profiting or the benefitting will be higher than common saving in terms of traditional fiat. Buying here and there in terms of bitcoin is quite good. By the time it is good to save in terms of bitcoin, eliminating the unwanted expenses.

to make it short and sweet i ended up making my last purchase in september 2020 when price was if i remember well 12k. I'm all in now. well 1% of my money or less is in Fiat currency 96% in BTC and i still have 3 percent in altcoins or so and im just waiting for them to pump one last time v s Btc and exchange everything. BTC price today is 34,000 $ . price by the end of 2021 will probably between 100 k and 320 k or even higher. we'll see.
:)

Nice that's almost exactly the percentages I have. I have about 1.5% in cash, about 2.75% in crypto trading stash, and about 96% in my long term crypto portfolio (which itself is 94.6% BTC, 4.8% ETH, and 0.6% LINK right now).

That's cool you just bought little by little for two years. I hope you accumulated a good amount during that time!

Yes I m pretty satisfied with what I could save even if you never feel like you have enough Bitcoin but I actually saved more than my initial goal :) . Thanks! Good luck to you