Bitcoin Forum

If you would have averaged your Bitcoin buys weekly, you’d be up by almost 50% for the year—an impressive statistic that proves it is smart to spread out your buys.

Does averaging out your buys instead of going ‘all in’ make for a better strategy? With making large buys, it’s about timing the market. However, averaging out your Bitcoin buys over a longer period of time has brought great returns for investors this year.

Full news here (https://beincrypto.com/if-you-bought-10-of-bitcoin-each-week-in-2019-youd-be-up-49/?utm_campaign=amba&utm_medium=social&utm_source=bitcointalk&utm_content=jc)

I honestly do not know what to say about this guys, but dang! If only I can afford buying Bitcoin every week and having guts of taking risks in this unpredictable market, for sure I would be in profits by now.

However, do you guys agree about this one? Up to this date, most of the market move are in favor of the bulls than the bears.

Even the bulls are pushing the price higher, the bears are not slowing down in pulling it back. We are still up by the way. From over $3k last January and now hovering around $7.2k after this year’s high of almost $14k.

not weekly but at least one or twice a month that i am  purchasing.though there comes a time that i passed when there is a important expenses to prioritize.

about being UP?yeah and since from 2018 that i am purchasing?it is more than 50% .

Bitcoin has not been confirmed to be in a positive trend, but it is true if we draw the line from the beginning of this year and finally reach $11,000 (long-term holder)

just an opinion, if at that time binance already had a futures option, maybe I can already buy weekly bitcoin now by doing long leverage and making profits above 200%, provided that bitcoin doesn't return to $5,000 again.

It's best to say that you are investing in the technology behind BTC and supporting the totality in it. I know some people receive weekly salaries or even once in a month, and allocating a portion of that towards an investment such as Bitcoin could give you profitability. In any case, this is risking your assets, and knowing the risk is essential in not being emotional about it.

Don't ever feel left out, and there are a lot more opportunities to buy and sell BTC. Some traders are just waiting for the right parameters before entering a trade. Just don't FOMO, and I think you will be fine plus risk management.

This is also difficult, lot of people telling these kind of words, but some are difficult to apply because we have different thinking or perspection especially money involve.

Just for example if we are on bear market where there are lot of dumps, then there's a lot of people waiting first to reverse the market.
For me, they are right. Long term is better, don't get excited.

I don't have enough money to buy bitcoin every week, if I have it maybe I would dare to take every risk of buying it every week, unfortunately I can only buy cheap Altcon which is the top at CMA so that when bitcoin prices rise Altcoin also goes up, will people are aware that at the end of 2019 bitcoin is falling but we have seen at the beginning of 2019 that bitcoin rises dramatically, if it is repeated then it is possible that the next increase will occur again early next year, considering the price of bitcoin at the end of 2018 also falls as well as the end of the year This 2019

I guess smart investors really know this strategy, they might not be buying every week, but I'm sure they stacking up when every dip. Just imagine last April, the price is still at a discount prior to the massive pump to $6k.

So that alone if you have lots of capital early this 2019 alone, I'm sure you will be up by more than 50% already.

Well the first few months of this year was pretty low so yeah, by average, you should be up at thispoint even when bitcoin dropped to 7k. Though you wouldn't have expected the movements to go the way it did. Good for those who had the foresight to buy early on. If you're in for the long run, there's really nothing to worry about. This process simply repeats.

I would try to do it next year every time that I would have a spare money I would put it in Bitcoin and see how much I could get for a whole year.
This could be a great way to save some money for my future and for an emergency expenses.

This is only possible if you can spot the dump every month to increase your chance of making a profit. I also tried it this year about early 2019 but I wasn't able to continue for some reason, but I still made a profit from the previous pump and I was able to sell before the dump.

I don't think this would be an effective way of investment. Because putting your money despite of the market condition is not maximizing the profits that you can get from it, also, missing out on the chances of getting the most out of bitcoin. If you would always buy in a consistent time, always consider selling when the market declines. Keep your fund in stable coins, and buy back again when the market stabilizes. Saving money in Bitcoin is not a good idea if you don't know how it behaves, so try to take advantage of its volatility.

You can always select an average point, say, $8K and buy everytime the price drops below that and sell everytime the price hits $10K and hold in the between.
If I or anybody had really followed that rule in 2019, they would have yielded a nice profit.

I don't have much money to buy bitcoin every week, I also don't have a fixed income, so if there is money I prefer to make ends meet rather than to buy bitcoin, if I buy bitcoin only for entertainment, not for main income.

I think this is appalling advice.

I've lost count of the number of people here who've sold or waited to buy and have sat there like a lonely turd at sunset waiting for their 'entry price' that never came.

Hardly anyone has the discipline or luck to jump in and out at the right time. Better to be in it and expect to be up and down at certain points. In the long run you'll be vastly better off.

In an average year there are only a handful of days where Bitcoin explodes. The rest of the time it's doing nothing or falling. It may only be 5-10 days per year. If you're out of it during those days then that 49% figure turns into a big fat minus instead.

I'm pretty sure that many people have bought and still buying Bitcoin every week and some or most of them are buying daily, I'm buying Bitcoin every week however small, people should do this because everybody knows that, there is an incoming halving, the last three days is the best opportunities, where Bitcoin hit the $6000, I doubt if it will happen again, if it does I will buy more.

Yes, by setting an average of how much is your target price to buy when the dump comes, though it is expected not to happen weekly or monthly just like OP stated. By following the price and keep updated then there is a guaranteed nice profit after that.

Definitely agree. I think the statistics are even better if you show a daily average buy, though I can't be arsed to locate said statistic!

Myself, as a freelancer earning practically everything in Bitcoin, I do my regular invoicing and selling about the same time each month, so every savings I can get after selling income to pay bills, rent and food, is practically the Bitcoin I "buy" to accumulate.

As you say, I do try to time large invoices around dips, though the timing can occasionally end up to my detriment when prices suddenly spike... all in all I find that I restrict my timed invoicing to very large gigs;)

Cost average just works.

Cost averaging is quite popular even in other assets such as stocks of a company, or even fiat exchange. It does minimize the risk of loss by spreading your buy orders and would much likely to gain especially of the company/currency you invested in has increased in price over the year.

If you're short on funds or have small amount to invest per month, then cost averaging would not be profitable in your case, since every transaction requires fees, and it would just set you back if you do this strategy on smaller amounts.

Too many people want profit too quickly. Bitcoin is not a get rich scheme but HODLING is a close to 100% guarantee of making huge profits, you just need to have patience.

how i wish i do that,but i have no much resources as all my currency stills on hold because of the dip that happens in 2018 but i am proud that i bought in low price as well but not that low like what we have in january when the value of bitcoin fall 3k level.

what?are you serious?why not do it to your accounts?lol no one will trust you.

It's best if we buy every dip of bitcoin, For this we will have the advantage, to buy cheaper bitcoin.

The price of bitcoin does not always fluctuate every week so we are not sure if you can buy bitcoin at a cheap price. So if we have only a small amount of capital it is better to buy at a lower rate.

It's DCA method (Dollar Cost Averaging). If anyone follows DCA method for long terms, they will certainly have profit. It's even applied for the stock market, of course for the A category shares. DCA was always a good method for long term investors. I have been following for some days but later couldn't afford to continue.
Earlier I have written an article on DCA method to share that how can it be profitable- https://bitcointalk.org/index.php?topic=5168667.0
Anyone can check with any periods with any amount here- https://dcabtc.com

its true that youll be up 50% but the question is are you willing to risk , like your salary or retirement
the decision the everyone needs to overcome , yes its a good investment since bitcoin price will go up and down
but you have to think of your family , are you willing to bet all , and watch your family with no food in the table for months
you should prioritize your family, since bitcoin will give you always opportunity but hunger will not , only invest what is left in your
salary, after your family, thats what financial advisers always teach

Yes I agree with you but this will be more frustrating for those who purchased bitcoin when it was over $20k as not all of them dumped or cashed out because of the term HODL and it's been two years we don't see market going towards the moment they are waiting for, but this proves that instead of one bulk investment we can invest gradually.

If you're an experienced trader having regretful times during the bullrun, definitely you've learned a lot from that nightmare. Without considerations of the falling trend, we weren't able to decide the best for our welfare that's why more issues of greed literally affected a lot of people emotionally. Don't expect other people not to worry, since many of us relied their family income in crypto yet the situations got so unpredictable. I still hope for the same process to repeat itself, and more good news will surprise us few months before good bounce starts.

That 49 % number will quickly go down as the price of Bitcoin continues to fall.  Looking back at a price graph and saying you should have bought starting in XXX date is very dishonest and unrealistic, most people will never get the timing that perfect... Saying you should have started to purchase in January 2019, after looking at the price chart history is easy 🤣🤣🤣   If you had purchased a bitcoin per month starting in January 2018 you would not have made as much money, or maybe even lost money.  

The only thing that matters is what to do NOW...   Looking at the price charts, it appears that Bitcoin will be going down significantly.  The risk of holding a large amount of bitcoin is HUGE being how fast the price can drop, and considering that Bitcoin has zero intrinsic value beyond what some greater fool will pay for it.  No one is buying bitcoin for " value ", people buy bitcoin hoping that the price will go to the moon, and hoping that they will get rich.  The day that Mania ends, the price of bitcoin will go lower than anyone ever thought possible.

Hard Facts

in my opinion, it's the opposite the price of bitcoin can go higher in the next few months because of the incoming halving
it's not a baseless opinion but if you follow bitcoin price it always happens before or after halving

In fact, many people are guessing about this, some people even say that "if I go back to the first year bitcoin was launched, I would buy it in large quantities", or something like "if I could go back to 2016, I wouldn't sell the assets that I have. " however, if we look at the current conditions, we begin to think, and regret not buying bitcoin. many mistakes we have done in the past, and now is our time to fix them. in front of us, there will be halving, the same as in 2016/2017. so, the potential increase is I think quite the same.

of course we tend to regret what we havent done. but believe me, if we did, we still regret because the consequences might be different from what we are expecting. human nature i call it!
crypto is a very high risk investment so you are ready to lose and win at the same time. so if you are buying, make amends to yourself that whatever it brings to you, you will accept your fate.

Looking at historical data in the past, the average buying price is almost profitable for investors. I think this is a method only applied to investors who have a positive assessment of the future of the market in the long term.

can not be ascertained will increase every week, in 2019 this is a year that can not be predicted for the price of crypto. so I think maybe there is no right time when it will increase, we are just waiting for the moment

I don't really know for sure, but if you were buying when the price was $3000 and you are buying weekly till the time it got to $13k to $14k and then dropped back now, there will be some loss I guess or am I wrong about that? There is nothing wrong with buying it all at once, I guess the author was saying this for those that couldn't afford to buy the whole thing at once, so he was trying to say that if they were managing to invest a little money every week in Bitcoin they would be up by around 50%.

If you want to buy at once you will have to target what you are buying and make sure that you buy at the right time. Imagine those that bought at $3000 how much profit they will have by now? That's more than 300%?

Sir, do not worry. At first is difficult, then it will be easier. More practise!

Smart investors in equity trading always buy in chunks (to get a good average value). The same strategy is adopted by smart investors in the Crypto world. We don't know wt will be the lowest price a coin can go in red market, like BTC may go down to 5k, 4k before going up. So in my view, smart way is to start buying slowly when everyone is running away from buying. 

Yes Indeed! But the thing is ,if you bought bitcoin each week since the very first month of this year I think you will lose some why? We can see that bitcoin price is not stable ,thats why sometimes we bought bitcoin in a high price than it was a month ago, sometimes it is good enough because the following month it dumps. Better to read the chart , read some news so that when the right time comes you will get it to the right price.

If you don't have huge some to buy at once then i think buying bit at intervals is the best idea, i would prefer monthly rather than weekly though, at least if you can invest monthly whenever you have some leftover change from your paycheck will go along way, or buy at every dip whenever the opportunity presents itself.

Precisely! That's how adoption works. Especially when history keep repeat itself and the market will become mature, and people will adopt it too especially those people who already aged on this field.
It's just like the ETF things recently, at first ETF events are very huge or important for them like they are expecting huge price movements but nowadays it's kinda not big thing at all.

It only works for those people who have stable job with a high salary or atleast, an excessive money that they don't necessarily need. There are many people here who are depending on bounties and faucets only. They don't have work nor monthly salary. That is why, it is for the sake of those who can buy bitcoin weekly.
However, your opinion is good for those who are financial stable. And it is better to lend our savings in bitcoin than bank.

Something like that can be said after see the price movement. But before it, nobody knows right? Maybe for me do our best to make profit will be good. And about interval buy, i think buy it weekly almost same with split our capital and then buy with price that we think it is good to buy. With that we don't need to open our market account every week and can do only see bitcoin price in site that show it.

Yes because Bitcoin was even lower than the fallen price right now months ago. While many Bitcoin supporters are worried because instead of rising the price of Bitcoin is falling, in fact from $14,000 within the year, it fell to $10,000, and then much lower down hovering over $8,000 and finally even losing $7,000. But what they failed to see is that Bitcoin was only $3,000 plus in the first quarter of the year.

I am frustrated with bitcoin price always down and make altcoin have allow with bitcoin price too become lower price, how come if buy and invest with bitcoin every week can increase and get much profit with bitcoin always have lower price? waiting is best solution right now with bitcoin and altcoin price keep down, I think have to start new investing with cryptocurrency.

I find that it is even more profitable when you save your weekly Fiat to buy the dip. Just open a separate Bank account that are used for your Crypto currency transactions and drop a small amount every week into that account. When the Bitcoin price take a dip, you use that money to buy at a low price.

So instead of buying every week, you plan your trades and your end result are a lot higher than the 49% mentioned here. Just make sure that you sell some bitcoins when the price spike, like it did this year at $12 000+  ;)

because you expect instant money thats why you become frustrated in bitcoin price together with altcoins.
because we are not talking overnight here,what OP means is that you bought bitcoin weekly for months and keep on holding until bullrun comes then thats the profiteering.
lol when do you want to invest?when the price grows that you cannot afford anymore?

Unimaginable, I didn't think this one in this way ever, That's really a good way to make a profit from buying every week of Bitcoin, This analysis could help us to get a good result at the end of a year, Basically I am getting afraid of the price of Bitcoin day by day because it's making me confused when the price goes down and not, so on an average, It would be a profitable way if you make a plan like this way, but in recent time, Bitcoin price is really frustrating for me, I don't know when this price trend will high, but this weekly buying option could help me to get recovered from losing value of the previous situation.

As of now, it is actually the perfect time to buy bitcoin since it is on a downfall, the lower price of the cryptocurrency is, the perfect time to buy it so that when that particular tokens pumps up at a certain time, you can earn a lot of money than you can get just by waiting. Making a profit every week is not a joke, because it is hard to make profit since the market is on a downfall, but we should not lose hope and believe that the market will recover again and every crypto will rise up again in terms of price just like what happened last two years ago.

Yeeap, and if we will continue buy it every week until 2020, i think We can make even bigger profits, at least 100%

Then learn when and what considerations you need to take before buying bitcoin. If you have finances as you said, why don't you take a step further and do not rush in buying. You can try to save your money and wait for this kind of situation, everytime bear market comes, grab the opportunity, it would give you better profit than buying bitcoin at random.

the formula is to have a proper investment management.

you could just buy at $3000 at once and taking profit whenever the price to $4500 , you have got 50% profit without have to wait long time. that is not the case here , i mean it was not aimed at those people who love taking that big risk to buy and spend money all at once.
with continuously buying bitcoin in separate times , you are reducing risk to get loss and even more a sure profit in the future.

you cannot always buy and sell at the right time isn't it? by doing this i think you will always in a position where you are buying at the right time.

Incredible result, to be honest. But are you sure about real value behind this 49%?

each person should have their own strategy, for example:

You could be a person who earns $20 with signature campaign and would make $160 in two months, then trade with ETH - USDT and you could make money every day, but you would only make more money if you knew how to trade correctly. .

You could also collect bitcoin and place sports bets (high risk of losing money) and you could make a lot of money. The fact is that every person must have their own strategy to have a lot of money.

Well this really is a proof that why systematic investments work in BTC too and it can provide you a return you can never even expect in real market. Moreover people who say that Cryptocurrencies are volatile and you can lose money. Buying every week gives you a chance of both averaging and laddering your buys. I think if people keep some patience their portfolios of BTC would definitely grow with time.

---

Trading and betting like you are saying is no way to earn money. People trade with full swing and employing a study of more than year to become successful at it. It's just not that easy to trade correctly especially in such volatile and manipulative markets such as cryptocurrencies. Moreover Gambling is never a way to make money. It's just a recreational activity which might make you money or might lose you everything. I think no person should have both of these in their investment strategy atleast. OP addresses this thread for those beginners who just buy btc once and whole and then complain about price going down.

I am agree with you. At the moment, i am also thinking about stay in BTC and stay out from Alt. Most of my investments are turned into zero and many of alt doesn't have any good value. I regret for those investment.

I knew it! I keep telling people to buy bitcoin. Then they come to me yes you see now bitcoin has gone down. I tell them to stop their shit you cant get profits and money instantly. Then it recoverd to the bought price and beyond. Now down again. Had they listened they will have a nice handsome reward and maybe a few bitcoins left. But people are so quick to judge and think the world will nd everytime bitcoin goes down. It goes up they say nothing -_-  :-[

We know that by buying Bitcoin, we have already invested in technology that continues to grow in value. In the world of cryptocurrency, Bitcoin is the safest asset compared to Altcoin which can fall in price at any time. Bitcoin has the lowest risk of falling prices compared to other coins.

It is EASY to look at a past chart, and say I should have bought at XXX date.  That is NOT REAL though...

You could have made a fortune by investing on XXX date in ENRON, With BERNIE MADOFF, or any of the other bubbles throughout history.   You could have also LOST everything by investing on XXX date when the price was about to collapse  📉📉📉

Bitcoin is NOT technology, it is NOT the block-chain, it just uses technology...   You might as well say you invested in the highway system because you had a Model A Ford.  The highway system changed the world, the Model A ford was worthless after a few years....

You might get rich, you might lose everything, do not invest with money you can not afford to lose.   A bit of REALITY for you guys: 

No investment or speculation is " guaranteed "     The only value of bitcoin is what some greater fool will pay for it.   If someone will not give you 1 penny for your bitcoin, what good would it do you to own, how would it benefit you or anyone else ?? 

You can ignore reality, but you can not ignore the consequences of ignoring reality ( like losing your money ) 🤣🤣🤣🤣

Hard Facts

Your " LOGIC " is very flawed...  Just because price went up in a bubble does not mean it will always do that.   I know from experience, and invested in " SURE THINGS " that were the future, that everyone was investing in.  I got in just in time to have the bubble pop and lose a lot of money.   One day you will look back on this and wish you had listened to real logic and analysis, instead of letting your GREED BLIND you...

EVERYONE:   The saying " Blinded by Greed " exists for a very good reason, and describes perfectly the people in this forum 🙈🙈🙈🙈

Hard Facts

investors didnt know that  . know one said that btc will continue to grow in value but that is only what investors think so they only trust thier own instincs .

altcoins can also fall in price and infact altcoins are the ones that are more stable compare to bitcoin  . bitcoin is not the safest but its also risky compare to other known alts but its safer compare to other tokens and altcoins that are only pump and dump or often call sh*tcoins  .

IF I have this knowledge before, this could be me strategy to enter on cryptos, but know it's impossible because I have all my portfolio in cryptos
But I tried to help people explaining that, to maximize the profits without being exposed to much

although like that bitcoin price movements cannot be predicted with certainty because when you buy bitcoin in 2019 then it could be that the price of bitcoin falls and goes back to the initial price, bitcoin has such risks so don't be affected by bad news so it will only make you loss because you sell your assets at cheap prices.

I was wondering if anyone has been purchasing Bitcoin every month from beginning of 2018 till date. What amount of return you might be getting, I am sure it will be more than 50 percent.

yeah, bitcoin is digital asset, so you will get much profit at the end. we dont know when it is, but its must be profit.
store money in bitcoin is better than the other investment. high chance to multiple your fund, and its easy to get it.

even more so when you have sold it in June 2019, that's even more than 50%. for now, seen from the beginning of 2019, the price of bitcoin has risen by more than 100%. at least the price of $ 3,000 to $ 7,000 is more than 100%. if you buy it every week, it's very profitable. however, it has already passed, now you can do that in the years to come. the potential price could be greater than now.

If someone was smart enough to invest in bitcoin whenever the price of bitcoin goes down then he will be able to reap a huge profit, the capital i invested in bitcoin was along the lines of the current price of bitcoin and i made a lot of money and when ever i reinvest right now i am not risking anything as i am just playing smart and i am not at all into short term trading all the time, it all depends upon my mood and timing and how the market situation is. Invest smart and reap your profits and planning when to invest is crucial.

That's kinda true, I meant bitcoin's price is increased slowly from the beginning of 2019 till now. So if someone buy consecutively during this year, he's gonna make a decent profit reach the 50%. I hope that's gonna be the same or maybe better profit in the next year 2020. I really made a good profit this year by investing and trading which it's a nice year to be honest. I hope that 2020 will be a great year for bitcoin and even for other cryptocurrencies.

I don't think it's like you have to buy every week because every week when ?
It keeps changing every day every hour and I don't think it is kinda true , it won't be 49% though but approx 30% because let's face it this month and previous month they haven't been good for the bitcoins and the price went down a lot and it also depends on the fact if the person wants to encash or leave so it's Preety much personal.
2019 wasn't so good .

I've seen a lot of post from other members here that plans to buy Bitcoin every month or every time they get their paycheck and for me buying Bitcoin every week is only applicable for those people who have huge funds because for a small investor, even they believe in Bitcoin it is still hard to put their hard earned money every week as they have other important things to spend the money.

This is only true if you bought the same amount each week. Maybe one day you buy too many and the market goes down and that one time costs you. Or the other way stound and you hit it big.


You saying just because bitcoin is a digital asset you will profit in the end? High chance to multiply your earnings and easy? No i don't think so. You have to be careful and play it cool. Just because something is a digital asset doesn't mean it also done well. That's, not a good enough reason.

Given your statement, you are the absolute perfect example of " BLINDED BY GREED " 🙈🙈🙈🙈   That much used statement exists for a very good reason...

Whenever someone says an investment " MUST " go up, that is a huge red flag to any rational thinking person.   You can make a fortune in a bubble 💰💰💰💰   For every person that got rich, just as many people are wiped out when the bubble collapses    🎈🎈🎈🎈

Everyone that invested in the dot.com bubble thought the same things you guys do, new technology would change the world, and it did.  But those people still lost their money...  Block-chain is great, but Bitcoin is NOT, NOT, NOT block-chain, it is just one of millions of different things that will use the block-chain.

HardFacts

I definitely disagree that we should categorize rich and poor people in buying cryptocurrency especially bitcoin in a weekly basis or in a paycheck basis. Because bitcoin is primarily created for everyone and for everyone to accumulate bitcoin is a good thing to consider because of its market volatility. For a great market price increase, both rich and poor will benefit from it so it depends on the decision of both parties if they want to buy and accumulate bitcoin per week or in each paycheck.

of course no one knows if the market will grow or not because if does?then for sure everyone of us had already bought the very moment Bitcoin fall to $3k level right?

but let us not talk about the past because we can buy now or tomorrow as the value is growing year after year.(dont exaggerate because comparing from 2009 upto now,changes happen).

don't feel the regret as chances are always here in crypto as this is design  for future and long term.

I'm not a investor and I'm a trader so for me it is not good to buy bitcoins in weekly basis. There are a lot of disadvantages that you can get if you bought bitcoin in weekly basis. People who doing that doesn't have good risk and management and most of them have low winning rate.

of course for a trader must have the right time to buy or when to resell because they always see the market situation. not always every week is the right time to buy bitcoin, although for those who have large capital before making a purchase, they must be able to analyze future market price movements in order to make a profit.

I think he has an analysis that makes him confident of the decisions that will be taken, and it is impossible if he does gambling with a very large risk. 
Need to understand in-depth analysis for traders to know when the right buying moment.

Its a natural thing in my opinion, Bitcoin has always been supportive in terms of long holding, the only exception occurred was of from last year to this year holding. Still BTC is bearish and hopefully, 2020 will bring some great news for us.

The only thing that would come to mind upon seeing this is regret. But that would definitely be so hard, consistently buying bitcoin every week for a year is not an easy job at all. It may also seem impossible actually since it would take great perseverance before you can accomplish such things. We can really say, with the help of this statistic, that it is indeed a smart move to spread your buys since the value of bitcoin has been escalating up and down a lot lately. We should take this piece of advice and try applying it in our investment to see if it would actually work.

Easier said but hard to do. How can you predict if it is the right timing to buy? Considering that weekly, market will not guarantee that it will go up the way we are expecting.
If that weeklu buying btc is effective for some, doean't really mean that it is also effective to another. I still prefer buying bitcoin when the market is at dip (even if it is not weekly).

Also, even if I can afford to buy it weekly, I may not take that risk. 

If only i have the money to buy btc or alts every week i could cost average buying bitcoin and simply wait for a bull run but sadly i cant because im low in financial so i have to find some other source of income especially when im unemployed. So this technique might not work with those people like me who lacks financially. What i'll do is buy in the low price then reinvest with the small money i have.

It was quite big enough since that person accumulated almost every month or week but for me, he just not maximized all the opportunity he has. He ca buy cryptocurrency in a low market price instead of buying weekly, which might cause him to buy in a huge market price, keeping up his money monthly and buying in a strategic market price would be better to consider. Imagine, if you always buy in a low price, and bitcoin fluctuates, you should have more than 50 percent ROI.

To the many people want quickly huge profitable for holding Bitcoin short time but remember this is crypto market and here you not know which coins will made you king. Actually bitcoin is the different currency if you take holding long time and patience then you will make more profits.

This piece just opened my eyes to something really wonderful. I will take up this challenge to buy bitcoin every week in 2020, no matter how small. Thank you very much for this  :)

I am glad i was once of those that made such thing possible ;)

Not because i was lucky but because i have invested as a result of being pre informed about upcoming price changes and pump and dumps.
It's not hard to know how the price is changing if you have the knowledge and hodl when you have to 8)

Speculations are the ones that makes me easier investor and take profit as finger snapping.

in 2020?if you really taking the advice seriously then you must start purchasing now because the prices is too low compared  to whats the value previously ,and also since halving is soon to happen then be ready for the bullrun,so purchasing later will bring you regrets.
if we are ready to invest in crypto better do it right away because the volatility of cryptocurrency is really un predictable and can happen ups and downs fast as we ever knew and this is proven for how many times before.

Any thoughts could be probabilities. I buy BTC every time I can. I usually buy ether and then swap BTC and as some think just HOLD when the price is lower. I always keep in my mind having BTC in my portfolio for the future of my children, so in a year I can buy, sell and HOLD that is my cycle.
In the last fall of Bitcoin, the exchange platforms traded to the maximum stablecoins level because users wanted to save their money.
There are different scenarios for everyone, particularly I will always be buying BTC in the measure of my possibilities.

because you have enough capital to do so,the problem in many "so called investors" is they investing with the money they need to live,and not their spare amount.
you are not lucky but you are tough to risk the money,though you are also a believer that bitcoin will grow again in future.
lol since when that speculation makes easier?upon all the things you've said this is the only one that i dont agree because thats why it was called speculative because no one can assures this.

That a sad thing because in the cryptoworld is full of surprises due to extreme price fluctuations hence sometimes it needs time to wait for it to rise because cutting your losses is not applicable all the time if the regular movement of the price would just bounce back. Spare amount is beneficial because it could wait rather than the latter.
I think its not a risk really when you invest in Bitcoin because just by looking at the graph you could say that somehow in the future it would surpass the price it currently has. Along with the developments that would happen in the future.
I’m curious to know as well. How would an investor could ride on a mere speculation.

Bitcoin shows the strength of a concept that has been known for a very long time but that you can see in this market more clearly, when it comes to investing the most important aspect is to begin as soon as possible, a person that begins to invest whatever little money that he has in hand will have a bigger retirement fund when he reaches that age than someone that starts many decades later, but with bitcoin you can see the advantage of this idea in a single year which is completely crazy.

This is a not so good financial advice as you have painted it. Newbies will take this as an advice without doing good calculations.
Buying weekly during ups and downs of bitcoin isn't profitable as some of your buys might be during the peaks. Remember we were once at 12k this year.

You can always buy a little bit of bitcoin every week, or every 2 weeks, or even once a month. As the article implies, it can be as low as $10. So you dollar cost average and fix it at $10 regardless of the price of bitcoin and get what you get.

Think about what you will do, it is better to buy bitcoin at a cheaper price and not weekly as it will give you a huge profit after a few months of volitle price.

Because if you are on a weekly basis, you may be able to buy a higher price and of course the smaller profit you will receive.

Maybe yes but when you buy bitcoin each week when bitcoin have higher price maybe now you have lost and forget with your profit, maybe can buy bitcoin each week bit after raise profit and have target with your earning sell bitcoin and take re investing after bitcoin have lower price again, don't worried with sell bitcoin soon because you have chance to re invest.

Most of trader who have faith in btc and have knowledge of the market invest whenever there is dump situations in market and make huge profits during the pumps but investing every week is a risky venture and on the flip side you need funds to invest for that and trader invest for a longer time except day traders.You can stock up your capital in btc with hope of price rise with next year halving and prices can cross $15k by the end of 2020 so if not weekly try to invest some portion of your funds in btc along with other alts who will follow the rally and rise to huge levels.

In fact it is a good advice, many people worry too much about the perfect moment to buy bitcoin not realizing that the perfect moment is always now if what you're looking for is a long term investment, the most important part here is consistency, if you can buy bitcoin weekly or monthly then it is very likely that in the future you are going to do well, and it is very likely that you are going to obtain results that are many times better than what a newbie could get by trying to time the market.

You are an utter FOOL  🐵🐵🐵🐵    If investing were that easy, virtually everyone on the planet would be a millionaire.

It is very easy to look at a price history chart, and say if you bought at " XXX TIME " you would have made a lot of money...  Anyone can win the sports bet after the game is over 🤣🤣🤣🤣

REALITY:   Predicting future price movements takes a lot of analysis, intelligence, and some luck mixed in.   Any fool that thinks he can just buy every week and will make money deserves the losses they are likely to get.   You might get lucky, but if you are counting on luck, you might as well go to the casino and gamble instead of waiting for bitcoin...

Hard Facts

Buying bitcoin every week is a risky decision. I'm not an investor and I'm a crypto trader so I have criteria about when to buy and when to sell. You should not just put money on bitcoin because its price look like cheap, you should buy bitcoin if there is some catalyst and also a bullish pattern that you will see in the chart.

You can actually do that and still end up profitable. That is what the numbers are telling and numbers don't like. Or if you want to do it a bit safer you can buy every week except when there is a rally going on. You can always sell also every week for as long as you are making a gain. But this will really demand a huge money from you and a really focused monitoring of the prices and your buy and sell prices as well.

Great goals ahead mate and this is the power of cost averaging always remember that no matter how small it is as long as you are buying and have the goals to reach its possible to happen. I'm doing this for months now since the big drop on its price again and I think I already make money on this one. The future is still with bitcoin, keep buying and don't hesitate to store your bitcoin, just place it on a safe wallet.

If you have the knowledge and the skills to formulate a better strategy then by all means do it, what I'm saying is that the particular strategy that is being discussed is not bad at all if you are a newbie with no knowledge about how the market works, and if you can be consistent and do this for months or even years then you will do well in the future, this strategy can be applied not only to bitcoin but to any market that you like and you will still get good results in the long term.

You don't need to buy bitcoin every week if its bullish trend. Its only good to buy bitcoin and other cryptos when whole market is in red. You can buy slowly to get good average in the end. To be rich with bitcoin you need to buy at right time.

I will use Bitcoin as a channel to buy other altcoins, but I will not hoard Bitcoin in large quantities. The economic benefits brought by altcoins are greater, but the risks are also great.

On average most altcoins have not brought any kind of economic benefit during the last two years, it is true that we saw a recovery during this year but compared to the growth that bitcoin went through altcoins lost ground against bitcoin, even as we speak bitcoin has a dominance of 68.5% which basically means that for every 10 dollars invested in this market almost 7 are invested in bitcoin, why take the risk of investing in altcoins when we have a coin that is so dominant and so much better than the rest of the coins.

I agree and recommend a lot as you do, but not 2 weeks, I would be convinced in 3-4 months, maybe someone is disappointed, but the time is best for bitcoin.
when you invest money, you are investing not only money, but also time, patience, mental stamina, mentality ...
If you are ready for such an adventure then this time period is perfect, get your bitcoin.

Oh I hate such statistics mostly because that makes me a little bit sad. Btw that happened because mostly price was very low for in 2019, as low as 3K. But you know what's good? I bought bitcoin when price was 4K and profited well, sold when it hit to 13K and bought again much more when it was 9k, now all I am doing is to hold for some months, I hope halving will increase price and I'll gain solid profit. Btw I got 300% profit that is better than 50% that is still a lot riskier to my mind to buy bitcoin every week, I prefer to catch best moments rather than every moment.

I feel you. If only we're rich enough to buy it weekly or at least twice a week I think it is really a good investment to do for a year.
For the meantime, I am one of those people who will track the Bitcoin price from last year up to the next years  ;D

For me, achieving that kind of goal equalizes our winnings and losses in the market. What that means is that, when we buy in a week, we buy what is high and at the same time we could also buy the lows, with this, you can't say that you lose because your investment is diversified in a week when it losses and wins at the same time.

I do really think it helps us achieve the peace of mind on our investment into thinking that we aren't losing but in the end, it feels like we just save money in crypto but the fact is it already returns investments and profits.

If you ask me, it's a very stupid idea to buy Bitcoin every week, it's better to wait for the bottom of the price and already invest then just to follow the price of Bitcoin and wait for much more profit.

not stupid if you have a money to buy and if the price is decreasing every week but that is a smart move to do as an investor .


what buttom ? someone tell you if what is the bottom of btc price ? they are only liars because the truth is that no one knows if what is the real bottom of btc is  .



btc in 2019 is not bad  , i mean its price isnt that bad  . there are months and weeks that it was high , so buying it wont really be that good enough

While it is definitely nice that you obtained those kind of profits you timed the market almost perfectly and you cannot expect that everyone is as skilled or as lucky as you were, so it is obvious that your profits are going to be better than what most people experimented, however if you take this into perspective the strategy that is being proposed could have offered 49% in profits which is many times higher than whatever you could get in the stock market and that is very impressive for such a simple strategy.

In my case though, I bought half of my Bitcoin stack during August and October 2018 and then the other half when it bottomed out in December 2018, that places my average buys around $6,200. So right now I'm only up 15%.

I actually do not know the point here. So what if you started buying weekly last 2018? Or we start buying last 2017. Anyway, I am just happy that bitcoin in 2019 is gaining compared to last year. Hoping for a better 2020 which is most likely to happen.

Analysing past events usually look good and I wonder why many of you guys can't analyse the future same way. A good analysts should be able to forecast the future and later remind his readers on how s/he was able to achieve s/he expected target and not just to come up past events that will make feeling bad of not taking such decision.

I think its not, but some things I agree with you, when you bought bitcoin last year you bought it as $3000 and now it is $7500. You may double it in about a year only, also I did not agree on every week because as what we can see it keeps on decreasin and increasing .

It's called dollar cost averaging but you still need some timing to maximize it. Also, calming down is the last thing non-pro traders will do, lol. When they see the price crashing, it is hard to let go the image that you're losing money but in fact, you already gained a lot from $3,000.

I'd have to trust the math being done, since I haven't done it myself but it sounds about right.  This year has felt weird, more bearish than bullish, but that actually hasn't been the case.  There's a disconnect in my mind that I suppose is there because bitcoin actually hit the $13k mark in the summer and then crashed.  But I think in January the price was around $3200, so if you just look at the beginning and end of year prices, it's done very well.

And it's too bad I wasn't able to buy some bitcoin every month, but disposable funds have been tight.  Dollar cost averaging is pretty smart investing in general, and hopefully there are some folks who do it with bitcoin.  Anyway.  Here's to an even better year in 2020.

The calculated profit is more than 50% and more. If I bought Bitcoin earlier, today, after storing Bitcoin in a cryptocurrency wallet, I was profitable. This is a fact, and Bitcoin makes a profit.

yes of course we will get a big profit if since the beginning of this year bought bitcoin. At the beginning of 2019 the price of bitcoin was in the range of $ 3000 - $ 4000 and then experienced a high increase in the middle of the year to $ 13,000.
but unfortunately not everyone has the money to be able to add or buy bitcoin every week. so I only buy bitcoin when prices are low and when I have money.

You are absolutely right, but if we are talking about small amounts, then such funds can still be found in order to buy a small amount of bitcoin at least every month.  In reality, since the end of 2018, a cryptocurrency user has been buying Bitcoin from $ 3,000, until today his condition has increased significantly, because even today, the price of $ 7,000 brings good profit to this user who invested in Bitcoin earlier this year.  Actually, it’s a very profitable strategy when you buy a coin every month in order to minimize the risks of losses from price fluctuations.

I know the way you feel because something similar is happening to me but you need to understand this, if you have any profits at the moment then you are in a better position than 90% of the investors in this market and that is not a small thing, that means that what you are doing is working and it is effective you just need to give it more time to see the profits you are looking for, this is difficult of course in a market like this which is so volatile but it must be done if we really want those profits.

This assumption is really ambiguous considering that you claim that the outcome will be up to 49%. Looking at the market value of bitcoin throughout the year 2019, the highest market value was $12k+ and it dropped to almost $5k. Buying bitcoin at $12k and later at $7k, the value of the initial amount you bought at $12k will be worth less. Considering the checks and balances for the price changes, you might just not make anything.

Bitcoin sip seems to actually work, I have couple friends who are doing this and returns are far good than traditional investments, and even if market plummets, losses are minimal.

It will definitely impact not just the buying perspective of the people towards bitcoin, but basically it could affect psychologically if we adhere to spread out our buying activity not just in a good market price but as well as to buy in times that bitcoin is quite low. Why? Because if we know we are buying with the high and low price, it makes us think that we just win and lost but with a balance on it. Even if the market falls a little bit, we know that we aren't losing because there are instances that we bought bitcoin at low market price in the first place.

Buying bitcoin every week is a good strategy only if it's price remain at a low price for consecutive weeks or continuously decreasing. We all have our own strategy. What we think works best for us. But this strategy are for those who are financially stable and can afford to buy bitcoin every week. If only I could, then I would. But I already accept that I ain't rich like others who can buy bitcoin per week.

I agree that it is a good strategy and investing will become a habit. This strategy of investing will be easier because our money will be gradually invested (weekly) if we don't have a big amount to invest. While we are earning money from our daily job, we can use a portion to invest it.  We can practice both saving and investing. Skill will be developed and we can use it if we are ready for bigger investment.

IF YOU WOULD HAVE BOUGHT BITCOIN IN JUNE 2019, you would have LOST more than half your money  😭😭😭😭

VERY DISHONEST to cherry pick a date after the fact and try to say that means something is a good investment now.    The only thing that matters is how will bitcoin purchased or held TODAY perform ????

Hard Facts

if you would have bought bitcoin in June 2019 and held it until now...
you would still have the very same bitcoin.

Stop looking at Bitcoin as a FIAT amount.

DOLLAR COST AVERAGING - buying at any and every price will create
an average cost, i have bought at $12k, $10k and all the way as low as
$6500 in 2019.

https://www.google.com/amp/s/investinganswers.com/dictionary/d/dollar-cost-averaging%3famp

Buying Bitcoin weekly? That was a tough idea and knowing that in the 3rd quarter last year w we soar high but sadly it drops at the start of the 4th quarter.
And you'll buy that time, you still be losing until now. But the good thing if you bought bitcoins last January, that was really profiting and imagine how far is the price today, it is double already.

The bitcoin price movement is possible to change depending on the consumers demand and markets supply. Just a tip, buy bitcoin only if the price of it is low. After that, sell it when the price of it become high. With that idea, you will for surely gonna gain profit. That technique is what you call a buy low and sell high principle.

OK... What about 2018? 2019 was a good year for Bitcoin and we can expect those who invested then to remain in green. But we always talk about the positive scenarios while ignoring the negative ones. I know a number of individuals who invested in Bitcoin, close to the ATH levels ($20,000 per coin). They are now stuck with their investment for more than two years, and worse still there is no hope of a recovery in the horizon. Earlier there was hope that the block reward halving would trigger another bull rally. But with the event only a few months away, the hopes for that are also fading away.

it seems that this can still be repeated this year. now is the beginning of 2020, if you buy from now every week, buy around 0.01 bitcoin, after halving, most likely the price will be higher, and you might get a profit of around hundreds of percent of the current price. isn't the current potential better than 2019?

I agree I don't usually buy bitcoin but I investing my bitcoin that I get weekly and seems like a lot of time it was going down but quickly going back up in the end.
I think as long as you invest your bitcoin at a reasonable price in the market I think it will going to give you profit in bitcoin since the market price of bitcoin was so volatile  ;)

It was just hoped and trust, in my opinion, a lot of time people or investors are just getting hype up.

That's the investment I want to make. I want to reach an economic power that can make continuous purchases. Decreasing the average is very important. Of course you need to have a sales plan. Bitcoin price is very moving.

I'm a trader and not an investor so for me buying bitcoin every week is not a good idea. I have trading setups that I keep following so I will just buy if my bias happen. We cannot just buy bitcoin every week without proper charting and technical analysis. Before we buy a bitcoin, we should know how to read it charts for us to know the right time to enter and exit in the market.

I am looking at bitcoins VALUE as an investment.   Fiat is pretty stable, but anyway you look at it, FIAT US Dollars, Gold, Rent, Food, or anything else you buy, you have to value bitcoin in what you can purchase with it.  A bitcoin in itself has ZERO use or value beyond what you can convert it into.

FACT:   If you purchased bitcoin starting in JUNE 2019 and dollar averaged it, you would have lost almost half your money 😣😣😣

Cherry picking the perfect date and price in the past, and then saying this is a reason to buy now is utterly dishonest, useless, and deceptive.  The only thing that matters for those holding or purchasing now is how much bitcoin will go up or down from TODAY.

Hard Facts

In cryptocurrency, bitcoin is the one suitable for a long term investment, and many people now are still buying this coin even it takes a long time before they will get their profit. As a trader, we must keep updated what is happening in the market to be aware when is the right time to buy and sell our coin. One of the excellent trading technique is to buy bitcoin when the price is low. From the previous year, the bitcoin price goes up for over 14 thousand dollars, and it is enormous in the middle of the month of 2019, but before the year ends, the cost of the bitcoin slowly going down. Then this is the excellent opportunity for investment.

FACT: If you bought Bitcoin in June 2019 and still have it you havent lost anything.

you only loose if you: buy high and sell low

you have created a 6 month window to create an average, if you buy more in the
dips you create a lower average.

Agree, especially those people who bought crypto during the first month of 2019 and they sold it last December then they really have a great profit on it. Anyway, if we will buy crypto today, let's see and analyze first if are we going to hold for a couple of month or a year before cashing out. Let's make ourselves ready first before we proceed to buy.

It all depends on each person. Because everyone is certainly different related to finance. My own example, I can not do that (buy every week) because my finances are very minimal. And usually I can't hold long for not cashing it, always just pouring it. In contrast to people who can resist not pouring it, they might be able to look at their statistics.

Buying regularly at set time intervals is usually a good idea for plenty of people and applies the concept of dollar cost averaging. For those who got in at ATH in 2018, they can still DCA the entire year of 2019 up to now 2020 and still come out positive later on.

It doesn't matter buying bitcoin each week or monthly, make sure that you buy when the price is low and sell them at the highest price. if you hold bitcoin as a long term, the scenario might be different, buy as much as you can no matter what the price and store them in the safest wallet. I myself do short-term trading and always buy when the price drop, so not weekly or monthly as long as there's a chance I will buy them, the point is buying low and selling high, that's all.

Surely this is going to work since the market price of bitcoin was dump probably if you buy bitcoin more than 10k$ in the market it would be a hard sell and probably needed to hold this bitcoin for a long term to get a good profit in it. I earn bitcoin weekly and it is really making a profit so I agree with your suggestion.

I'm quite doing it not really weekly but maybe once or twice a month. Its really also tempting to take advantage of the low price to buy more but most likely I feel regrer when the next day it goes down again. So buying little by little is my comfort zone. Its not really that high volume but accumulating it weekly or monthly it will still be bigger returns.

It's like paying bills if we put it on monthly basis, while it works for others I don't think I'll be able to do it regularly as I prefer to wait to buy when the price seems to go down, so I will just wait and hopefully will still have money when that time come.There are really pros and cons as we weren't sure if by the time we were about to buy if we have budget to invest.

I am not really particular with this strategy but I like how it works so I am thinking in using this kind of strategy even if I will just buy a small amount every week.

But I am wondering if this strategy will still be effective this year so we can still profit even if small as long as we are positive in our investment at the end. I can see the movement of btc as most of the big investors are favoring bitcoin over other currencies.

buying bitcoin is good, but we need to think that bitcoin and other altcoins aren't the same in prices each week, sometimes this week it has @7300 then next week it will be @7500 then you will be having  @200 price increase in that week, so I think it is good strategy but for me, I will wait for bitcoin to go @7000 then will buy a many of it rather than buying each week.

You are not really thinking about how this strategy works on the long term, if you are trying to do this for a few weeks or months then you are right but if you do this for years and you invest in a good asset then you will earn money, it is known that the two most important factors when it comes to saving and investing are to begin as early as possible and to do it consistently, and if you follow that strategy not only with bitcoin but any asset you may like then you will get positive results.

There are altcoins that give much higher profit than bitcoin, but it is hard to find. As bitcoin gives assured profit out of the investment in the short or long term people prefer investing on bitcoin even when there were large number of altcoins available in the market. Spending a specific amount to buy bitcoin every week is truly a good step, but very few follow in real life.

No one has banned investing in Bitcoin every week, the problem is that there is not always money to invest not only in Bitcoin, but in crypto in general.

                I certainly agree with you. Not everyone has the luxury to spend everyday or everyweek purchasing bitcoins bit by bit. Well just try to imagine everybody keeps on buying everyday, for sure it makes the the prices keep going upward, don't you think? The big hurdle is money. Without it, it will be nothing but like window shopping.

sometimes investing in stages can be utilized when market conditions decline, but must have a lot of capital. the most difficult thing is when the investment is done in full once, when the capital runs out frustration can occur, and therefore investment techniques can be used as a reference for last year and maybe this year too.

Sometimes investing in stages can result in LOSING ALL YOUR MONEY  😣😣😣😣    What if you invested in stages in Enron, Circuit City, Radio Shack, WeWork etc. as the price went down...   The only time investing in stages works is if the price goes back up.  If you invest every week and the price keeps going down, you can find yourself BANKRUPT.

Hard Facts

One way or another, the author describes a situation in which an investor who will invest in Bitcoin every week for a year will still be in a very difficult situation, until the cryptocurrency market shows good results.  Only if Bitcoin raises its price, then these investments will bring a certain result.  But if we talk about purchases throughout the year, then it is better to follow the Bitcoin exchange rate and use price fluctuations to buy and sell on time and have income on the difference in bitcoin price.

If You Bought Bitcoin Each Week in 2019, You’d Be up 49%

If you Bought Bitcoin in JUNE 2019, You'd Be DOWN 49 %


VERY DISHONEST, VERY DECEPTIVE to cherry pick a date in the past and say this is any indication for future investing...  Anyone can make any point by doing this.

Wise up people.

Hard Facts

It's not likely that Bitcoin will go very far down now. It may go down a little bit more. It's more likely to go up within the next few years.

If you bought Bitcoin at any date in the past beyond 3 or 4 years ago, you'd be up.

I do not see the point in investing in Bitcoin every week, it is better to invest in it when it is at the bottom, for example, now the price is low and Bitcoin is just beginning to rise, now you can invest.

Buying at the bottom?

Sounds totally brilliant. Why isn't everyone doing that?

Maybe because the bottom is only clear months or years after it happened. That's the whole point of this thread. Sometimes you'll pay more than you'd like, other times you'll pay so much less you'll start to question why you're doing it.

In the end the chances of your having done better than some twat who thought they were a trading god and pissed it all up against the wall holding on for prices that never came or betting everything on movements that went against them are rather high.

I get my monthly salary from my day job in Bitcoin now so since I started two months ago, I am just keeping a small part of what I don't need for living expenses in Bitcoin and saving it up from there. I am really happy to get paid in Bitcoin because if I can save something every month and Bitcoin does go up even double, it's like a bonus for me every year hopefully. I do hope to also keep some stable coin as well, to buy the dips if it dips lower than the value that I get it at each month, to hedge and not lose if it falls below, this way averaging down cost.

That's the investment plan in my head. It makes very sense to constantly get bitcoin. I think someone who invests like this makes a profit. At least the damage is very low. Also an investment plan that is not too tiring. I can try that.

Of course the best thing to do is buy low, and sell high. However, it is very difficult to time the market. The whole point of dollar cost averaging is to take away the emotion of trying to time the market. Just buy consistently. You'll come out on top later.

If we go to buy at bottoms and sell on peaks, it is worth to note, that with bottoms in cryptocurrency news we see panic ("bitcoin is dead/is it a dead cat bounce?") and on peaks total hype (remember when in December 2017 even on a breakfast TV those celebrities were speaking how wonderful BTC is). Of course it would not give you 100% chance to find when exactly the bottom/peak is reached, but you can find out when it is close.

Exactly!  That's why study the market more as much as possible and as much as we could so that when time comes that we need to sell we can make more profit, but of course let's learn first how much we are willing to invest, how much we are willing to sacrifice  if ever that the value of the market shrunk to the unexpected one.

And everyone is looking desperately for those altcoins and yet very few people find them, just realize that you are taking a huge risk when you invest in those coins and most likely you are not realizing the full extent of the risk you took and while it is true that if you select the right coin you can make a lot of money the chances that you are going to do it are less than 1% and with those kind of chances it is preferable to invest in bitcoin instead of those altcoins.

I think the idea is that you can't really study the market. I mean, maybe you can and there are some people who have successfully done that for traditional financial markets, but no one has made any short term predictions with consistency.

The good ones are always at a macro level, or long term. In the really long term, we can correlate it with other markets as relentlessly going up, just like plenty of other index funds.

If You Bought Bitcoin Each Week in 2019, You’d Be up 49%

If you Bought Bitcoin in JUNE 2019, You'd Be DOWN 49 %


VERY DISHONEST, VERY DECEPTIVE to cherry pick a date in the past that shows huge returns, and then say this is any indication for future investing...  Anyone can suggest investing in any stock, even a dog, by doing this.

Wise up people  🙉🙉🙉

Hard Facts

It's really a fact because the market is volatile that we can really say or predict when will the market decrease and increase, that is why investing in bitcoin is a risk yet it can still profitable if the price of it will start to increase. Patience is only thing that we need for us not to worry in our investment and keeping our hopes high in its price.

Patience will only work as an investment strategy if the general trend is UP.  If Bitcoin is in a downtrend, and going towards zero, patience will assure that you lose ALL your money 😭😭😭

Would you tell those that invested in Deutsche Bank stock 2 years ago to be " Patient ", and wait it out  ;D ;D ;D

Hard Facts

Impressive statistics you got there mate. Most of our fellow traders here prefer going all in because of how big the changes they see first hand but I've never reall thought about spreading my buys until I see this. This will be helpful, although hodling and timing your purchases still poses the most profits if you'll ask me. I would like to incorporate this strategy however in my next investments with bitcoin.

Well its kinda risky at point where we dont know when the value will pump and fall.  But what do we really need is how to hold until the price increase again if we really want to get profit. And never ever panic every time the price dropped. 

Exactly! You can never earn free bitcoin without working. It is not possible. On the contrary, you have to work hard to get Bitcoin, such as participating in bonus campaigns, for example directing Bitcoin. Those jobs take a lot of time.

True, you can't really do the conventional style of investing and trading with bitcoin since apart from the fact that it's hard to predict, it's also hard to time your buys and purchases. What I personally do is hodl and buy when I have the money, and eventually I'll see the profits and gains of my investments. But yeah, what works for me might not work for you. Anyhow, this strategy is working, for the people who have enough money to buy btc every week, though.

Yes, I agree with you, but it's going to be more frustrating for those who bought bitcoin when it was over $20k as not all of them dumped or cashed out because of the long term and it's been two years since we don't see the market going to the moment they're waiting for, but this proves that we can invest gradually instead of one bulk investment. I might even start doing this to make steady profit from now on.

I wonder what are the stats for 2018? I’m doing biweekly automatic the whole of 2020

This is the kind of investment wherein, you will not basicallg figure out if you lost or win whenever you sell your holdings. But what is good with it is that, bitcoin overtime is becoming more prominent and famous, it's become more functional to the market and leading to growth and development including its market price. So if we continue.to hodl and buy at this kind of investment, without making sure, we can have profits in the future.

The problem is we don't know about the future, if we know it I think many people will become rich. We only can predict and prediction not always right. I better in this way like this moment, try imagine if people know the future and rich from bitcoin, currency will fall and global economic world will meet their nightmare, collapse. Maybe if you share how to get money and enough to buy bitcoin every week, bounty hunter economic problem will solved, that's better.

Buying at right time and then holding always gives you good return, no matter in which market you are investing. Main thing is we are not willing to buy bitcoin when it’s right time to buy. Everyone is willing to buy bitcoin now when it’s going up but very few bought it when it was at 6800$. You can always have good gains in bitcoin if you buy at dip.

Yeah i think cost averaging is better than going all in because then, you have to diet yourself or restrict yourself from buying daily necessities just because of FOMO and ended up with huge losses.
Another better strategy would be buy in the dips even in small portions and you'll be able to profit from it. Both has its merit i guess it all depends on a person's financial status.

Try using this in a non bitcoin, non top 10 crypto market and then regret every word you said. There's a fine line between gambling and predicting (some say there isn't a line) but trying to time your bitcoin buys and sells isn't for any of us. It's not for expert traders who still lost money when the market floundered. It's definitely not for people who think they're smarter than the rest.

Save yourself the heartache and get into cost average buys. Like OP.

I've thought about it many times, what if I were given a crystal ball for a few days)
You can buy bitcoin at any time. And even if you chose the wrong time to buy bitcoin, you will always have several options for what to do next. You can wait for it to grow. But sometimes it is easier to fix a loss and continue trading.

I am interested to know the stories, why did you decide to buy bitcoin?