Bitcoin Forum

Since prices are down, I am going to spend some money for shopping. Not a lot, just what I can spend.
Now the question is, should I buy BTC (currently I don't have any BTC) or should I do DCA for ETH, SOL or DOT?
Now the reason I am asking this question is I have some of ETH, SOL and DOT, and I still consider that my ETH and DOT average prices are little bit higher, so DCAing would be nice option. But then, given that the I am little concerned what might happen to SOL and DOT in this phase of the market. Anyway, thanks. 

You're asking on Bitcointalk, so it's obvious: buy Bitcoin. Store it in your own wallet, don't keep it on an exchange.

The better choice is buy Bitcoin with DCA strategy, why should DCA other coins? ETH, SOL, and DOT are centralized coins, I don't see any reason why we should trust centralized party when it's about cryptocurrency. Trusting a centralized party is similar like you trust a bank. I still consider $30K is still cheap for Bitcoin, though it may go lower in this year.

How is it possible that you don't have a single BTC satoshi - so those who click on faucets have more than you ;)

Joke aside, I would not pay too much attention to your choice of altcoins, despite the fact that many will say that in the long run most will eventually fail - you may be lucky with your choice. If you want to expand your portfolio even more, Bitcoin is always a good choice, especially when its price compared to the last ATH is more than 50% lower.

You have two options to your question. One of it is to accumulate in bitcoin as the price has dropped. You don't have bitcoin so buying it will give you an opportunity to join in the bitcoin holders and wait for profit. Etheruem is the second option. The price dropped from its ATH , you can buy to add to what you have but store in your personal wallet where you have control.

I agree with you.
Buy Bitcoins the DCA way. BTC has a more reliable guarantee than other crypto coins on the market. I'm afraid that if the OP chooses the wrong coin other than bitcoin, it will lead to huge losses. It has been proven since its appearance in 2009, BTC is able to provide benefits, when compared to other coins that tend to scam and fraud.

Thanks a lot for all the replies. I do have Nano wallet, so all my coins are with me :-)
And on the BTC, I am sure it is good price to enter now, however, the possibility of DCAing ETH and SOL is really attracting for me :-)
If not them, I am sure I could just grab some BTC. Anyway, thanks, I will see what I can do.

It's predictable that Bitcoin's performance increases every year even though there is a very bad downward graph but it only lasts not long. Don't hesitate anymore with Bitcoin because you can see for yourself what you've been through.

The current price of BTC dropped from 30k to 28k so I am expecting more drops to happen soon. You should target for a buy to be safe below 25k level. It is always better to buy bitcoin at low price because when it starts rising it will be going beyond what any other altcoin can even accumulate, which is already evident in the last few years charts.

You are free to accumulate any other coin you wish to. But performance wise, BTC is the winner in all cases. While trying to buy altcoins, you will end up drawing money that could have been used to buy BTC and given you a better profit in the long term.

These decisions you have to take on your own, but dont worry, it will shape how you decide in future when facing the bear market. What most users say here is also from their own experience.

Not to be rude — but if you're asking us (or need our confirmation) before you make your decision, you probably don't understand what you're planning on investing in yet. Obviously, the 'right' pick for you would be whatever of those cryptocurrencies you think would give you the most gains after a certain time span; also taking into consideration risk/reward odds.

Of course, you don't necessarily need to go all-in on one coin as well. You can just decide on a certain portfolio allocation.

Yeah, while I agree that it's not ideal to ask random people for financial advice; I think some people do that to strengthen what option(s) they tentatively have in mind.

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For OP, I think your best bet now will be to buy BTC (and since you don't have any bit at all, make it mandatory). Your other options are not that bad, but I trust that BTC will give you a better ROI compared to them. Again, with BTC you're sure the investment won't find its way into thin air.

Investment is based on research. SOL, ETH, BTC, DOT might have future goals but it is still at your own risk. For ETH the gas fee alone is discouraging except for good capital investors. To be more frank the safest for now is bitcoin. Crypto investment is fun and profitable but when the bear market sets in it can be so frustrating except you have a very slick trading strategy on when to pull out from alt coin investment else Bitcoin is strictly the safest

When it comes to investment then it would really be having that risk and its not 100% safe for you to mind off yourself and even sticking with most established coins or top rankings then it wont really be no sure that

you could really make money with it on a short span of time but having some shopping on times of dips or the prices were too low and its the right time to accumulate then go ahead.
Decisions will vary on how someone would really be seeing these circumstances and wont really be regretting once the market starts to recover or make some u-turn.

Bitcoin will always be the top choice to buy. Since you've said that you already have those altcoins and you don't have bitcoin yet, that's the best thing that you can have for now.
Well, if you insist then cut it into 50/50 or 60/40, and then that would suffice your question and need to fulfill for your portfolio. But honestly, all of those are relying to bitcoin so have it first.

Bitcoin is certainly the best buy right now, so just stick to bitcoin. You will not lose anyway even if the price dips more because the price will eventually recover after some time, but DCA could be a very good move right now since none of us knows the bottom price for bitcoin. However, with those altcoins you mention, if you still have extra funds to buy, then do it. They are those established altcoins in the market so your money won't still end up in a waste.

Personally I would think that not having any bitcoin in your portfolio is a problem, some people do not like to buy bitcoin because they think their profits are not going to be as good as if they invest in altcoins, and while in some cases they may have a point the truth is that you need to always have some bitcoin in your portfolio.

So if I was you I will invest in bitcoin whatever capital I had available, and then once I had done this I would think about the possibility of using the DCA strategy to lower the price at which I bought those altcoins you are holding already.

Focus on bitcoin and you won't be disappointed with it. Seeing the market continue being in bearish, bitcoin buying through DCA is certainly the safest way to still end up not missing the opportunity and be profitable when bitcoin recovers, However, i am not saying that ETH, SOL and DOT will never be good for long term investments, but knowing that they are cheaper than bitcoin, then you can buy them and hold easily if you consider them that will bring future profits too.

Just to take the advantage of market downturns I think it would be better to buy Bitcoin in the DCA way, you can buy Bitcoin in a smaller amount than you can afford and hold it over a long period of time until there's a new ATH will come.  While we're in the correction, buying Bitcoin in a DCA way is the wise option and the safest way to purchase cryptocurrency. 

I'd go for Bitcoin IMO.
Altcoins are very risky to invest in, you didn't know about their movement either it will have a pump or dump or just because of the Bitcoin movement they also swinging. 

In fairness to the alts of his choice, they're good IMO but nothing beats buying more bitcoin.

They're not the typical altcoins that will rugpull an will have a pump and dump sequence. They're just going with the flow of the market of bitcoin so they're quite handy to buy with.

Still, talking of the best choice, bitcoin should be the best and economically option for you OP.

DCA can be the best choice for buying bitcoin, because by using the DCA strategy you can buy bitcoins with money you can afford on a regular basis and hold it for a long time or Long term until it reaches the latest ATH. Bitcoin is the best choice for implementing DCA or you can choose Ethereum, BNB and altcoins that are in the top 10 of CMC. The most important thing is to be consistent.

I recommend buying bitcoins and altcoins as you already mentioned.
But maybe for SOL or DOT, it is replaced with BNB because I see BNB still can go higher even though SOL or DOT also has the same potential as BNB.
Maybe you can increase the amount of ETH you have so that there are only 2 coins that have great potential to increase later.
Also, it's better not to spend all your money on one purchase just in case the price still drops so you can buy again at a lower price.

I think any good coin works with DCA,,, but I might as well say a good coin only means ETH and BTC. I know everyone is talking about BNB and SOL and ADA or whatever but these coins honestly speaking do not have any utility other than artificial ones created by their creators.

Nobody ever uses BNB if they are not just trying to switch things for cheap/fast but ETH 2.0 will turn that obsolete.

It's true, historically the price decline called the crypto winter is indeed natural as a reaction to the formation of a new ATH BTC during the bullrun to find a new support for Bitcoin. When Bitcoin finds its new support level, BTC will return to its new ATH after the 2024 BTC halving

The state of the crypto market, is a little worried, where changes can occur suddenly unexpectedly, not a few crypto users this year have had bad luck with several types of crypto, however for me if the main goal of holding crypto types like SOL & DOT for long term investment I will probably keep it for next 2-3 years.

But it's a different story if you trade in the crypto market, the current situation with the charts can change in a matter of minutes, for example: today the price is $29k tomorrow to $30k, for me personally, of course I will choose Bitcoin for trading now.

Bitcoin. That's the first you should have and there's no doubt about it even for most of the members here. A must have coin.
Now, you will get bored because you just have one type of coin so you would like to buy another to keep yourself busy from monitoring it daily. Ethereum should be next on that list. But again, you will be tempted to buy more, so my tip is just stay on the top coins which have high trust rating, that way you won't be like other investors who are now regretting their decision to buy high risk projects.

Since you are skeptical with those other coins, then focus on buying bitcoin through DCA. That way, you will always have a good amount of bitcoin in your portfolio because you never miss the chance to buy at every price drop. And with those altcoins you wish to invest like SOL and DOT, DYOR first before you decide to invest. I won't suggest to buy them or not, trust your own analysis so you won't regret in the end.

I think that now everyone should draw a specific conclusion - is it worth taking such a step and investing in these currencies. For while the situation is not conducive to this a little.

During this crash market, I will keep buying Bitcoin if I have money enough. However, I will watch the market first. I am thinking of collecting money and b8uying the Bitcoin when the bearish market is exactly at the bottom or around this. When the price of Bitcoin has been under $20k, I think that I will start adding Bitcoin to my portfolio.
I will focus only on Bitcoin because this coin has been proven so far with its value and also market cap. Alternatively maybe I want to do DCA on some altcoins, but only on ETH and BNB

- You can do DCA as long as you are not on the losing side but I suggest just keeping ETH on your wallet. SOL/DOT to BTC
 - Or, just buy Bitcoin while the price is cheap and might consider buying some of Bitcoin for additional investment.

Well, nobody will forbid you from spending it as somehow just really it means to be considering that Bitcoin is also a form of currency.

In regards to SOL and DOT, we can expect a deep crash among altcoins and they don't have such escape about it. You can make a good trade if you just hold them.

My advice is that you immediately buy Bitcoin now, if as you say now you do not have Bitcoin in your portfolio. Because after all Bitcoin is the best
coin so far, and even if you study again, Bitcoin is the safest as an investment option. So don't let you regret later because you don't invest in Bitcoin,
actually some of the altcoins you mentioned are also quite good to buy. But if we compare with Bitcoin, of course Bitcoin is much more I recommend
to buy. Especially in a bearish market situation like now, investing in Bitcoin should be our top priority. Because the risk is much greater if we force
an investment in altcoins, after all the price of altcoins is always affected by the price of Bitcoin. So it doesn't matter if you want to invest in altcoins,
but don't forget to invest in Bitcoin too. In fact, I highly recommend that you buy 70% of your capital in Bitcoin and the remaining 30% can be bought
for some potential altcoins.

BTC for sure is the main and first recommendation to buy moreover during this dip or even for the investment during bearish market. It has been proven that Bitcoin will always have a high increase from bearish to bullish.
Different from altcoins in which not all altcoins are able to pass the ATH and create new ATH again in the next bullish era. So, I ma sure enough to collect more Bitcoin is better than altcoins. But, if we want to diversify into some investment, just hold the top altcoins, never put high risks on shitcoins

You mean you want to use the money that is intended for shopping? That's not good, but if what you mean is you will shop coins then that nice. It's okay if the amount is not much, what important is you still take the effort and cost to invest. Investing too much that is outside your range can be problematic by the time you fail on your plan to hodl your coins and sell them at a loss.

You should buy btc even if you already have a btc but in your case you still don't have it, so hurry up now that price was still at 29k because sooner or later the price will climb again up to 30k or more. The alts that you lists above are also good alts so why not? You can add them in your portfolio if you like.

Well, that's up to him. If it's money meant to be used for necessities of life, then it's probably not a good idea to invest it in speculative assets such as cryptocurrency. However, if he does not need the money for everyday needs, such as money we regularly spend on luxury, then I would absolutely recommend investing some of the money in bitcoin using the DCA method. And of course, the best-case scenario would be that the investment could eventually lead to a profit of its own.

How about combine the two and DCA bitcoin? That is what I am doing and I am quite happy about it as well. There is nothing wrong in doing it like this, you could make a profit by DCA your way into bitcoin, and even do instalments. I had a friend who put order on his credit card to withdraw $500 worth and buy bitcoin with it, I think it was from coinbase? Not sure which exchange but it withdrew $500 automatically on 2nd of each month, and bought bitcoin with it at whatever the price was at that point. He has been doing this for around 7 years now, he has SO MUCH money, did some other trades too of course, but it made him a wealthy person.

We all "probably" could afford that, would be hard, but could have tried it, if it meant 1+ million dollars today, but we didn't had the courage.

From what I experienced since I started to own cryptocurrency in a bear market, try to avoid altcoins, especially those with low market caps.
I rather buy Bitcoin during these dips rather than altcoins. Because even we will still go more on dips, I believe that the worst will be on altcoins compared to Bitcoin.
Just don't expect a high ROI for Bitcoin.

Short answer: stay on Bitcoin.

Long answer:

1. If you are not sure about a coin, then just stay away from it.
2. Altcoins are much riskier than Bitcoin.
3. The vast majority of altcoins don't survive or fall badly on long term, hence DCA may not make sense on them. Even ETH is expected to get in trouble after giving up PoW, but I didn't follow the story/drama much.

All in all, altcoins need you to be overly careful and probably overly lucky too, else you can easily end up in a loss.
Also, as said, if you want people advise you the altcoins, then maybe you should ask in Altcoin Discussion :D

PS. This is just my logic, not a financial advice; please do as you think with your money.

A lot of people trade altcoins only for the sole purpose of increasing the amount of bitcoin for the hodl due to the profit received from trading. So such a strategy has a right to exist. Of the OP coins listed, in my opinion, DOT has the greatest potential for growth.

If I were you, I would rather do DCA with Bitcoin. I have already started that this month with my extra “not beer” money, and I am planning to do that every month to build wealth overtime. It’s a classic old school way of building wealth as we just simply keep buying regardless of the price outcome.

I am not into day trading, as I’m more of a HODLer. In my opinion, only BTC and ETH are the worthy coins for us to do DCA. With my gigs, ambassador and KOL tasks, etc., I set aside some of it to buy Bitcoin every month and store it to my hardware wallet.

For now, I am not confident about DCA’ing with SOL and DOT though.

If you don't want to do extra work, go for Bitcoin, though it ain't that bad if you're gonna buy ETH as well. DCAing other altcoins might be an extra work and need a long period of time before you could sell it, while in Bitcoin, with its high volatility you could sell it instantly, if you're patient enough, you could have a very nice profit next bull run if you're willing to wait until that happens again.

I think that dca is for everything. I always saw a thread or a reply about dca'ing btc, maybe dca is really an effective way to make a profit? When you do dca, I think you are also doing an act of buying so this two can be pretty much the same. If you don't want to put your eggs at one basket then you are free to diversify it with other altcoins.

It's only strange that you prioritize altcoins over btc because you bought them first but didn't you know that altcoins are only following the movements of btc? That is why btc must be the priority of all crypto investors. But I can't do much anything about it because it has been done already and since you have altcoins, that should be enough but you can now focus more on btc.

As Loyce said, buy as much Bitcoins as you can OP.
Since the price is down, so this is the golden opportunity or you can say is the SALE going on to buy Bitcoins.
Buy Bitcoins and wait for some freaking time, and I am sure you won’t regret on your this decision.
Moreover this is just a bearish season for the coin.
Very soon the coin will again pick up his pace and will grow like rocket.
Don’t waste your money on any altcoins. Yes those will give you profits, but that will be very low than what Bitcoins will give you.
Now it’s your turn to take the decision wisely and lead your financial journey Happily.

Buy bitcoin and eth or if you are in doubt about choosing an altcoin, you can buy bitcoins and keep them. If you already have ETH, SOL and DOT I guess that should be enough to be your investment but you better add more bitcoins in your wallet so you can see bitcoin price increase. If you are worried about SOL and DOT, you can simply sell it and take your profit and leave the coin if the price rises higher than your buy price.

And not only that, investing in bitcoin is the safest path, while increasing his position in the altcoins he has bought may seem like a good idea, we know that during a bear market altcoins go down faster than bitcoin so it is more difficult to hold them as people are losing more money and they get worried about their remaining capital, so bitcoin is easier to hold and since he will buy it at a good price this would be even easier, so at least to me that seems like the optimal path.

DCA other coins. If you are going to be a longer-term holder then always DCA other coins, but yes make even BTC a part of those coins, if you are someone who likes to move in capital sometimes and move it out sometime then you can go with buying BTC first and then buy other coins, the reason being in any bullish scenario it's always BTC that races up first and only then you'll see rest of the coins following the footsteps of BTC, so if you time it beautifully then you can enjoy moves of both BTC as well as the alts. But yes timing it can be slightly difficult as well so if you are even a bit skeptical, just stop doing it.

The problem is that spending or buying altcoins is good but the problem is that to know the one that has nice potential, for me now that cryptocurrency is in bearish i will like you to buy a coin that when it fall it remain and the value will not finish. So those coins is Bitcoin, Ethereum, Litecoin and BNB. Buying newly launched coin can end up on the way. So Bitcoin is the coin the value does not varnish after the falling of cryptocurrency.

If OP wanted to keep some of his assets, then that should be Bitcoin. Well, the rest he can spend them.
Honestly, investing in new projects at this bearish time is too risky, most of them just fail and ended up scams. I can't mention those projects but there are a lot of them, in fact, Luna has a terrible end that shocked the community.

I'm not going to say it was hard to determine which project is having the potential coz we know that already and that is those who are in the top altcoins in the CMC ranking.

Investing in brand new stuff is a big risk at any moment, not just during bearish periods. However there are a ton of people who like to invest into new stuff because they think that they could make some difference and could earn some money since its a bull period, and that would be profitable move. I disagree, even during bull periods you shouldn't be investing into brand new things, maybe like things that have been around for longer than 6 months so that you could trust them. Bear is another whole story, you should probably stay away from all coins except like 5, because they are all looking risky and may not recover.

bitcoin is always a good choice mate, if i were you just set aside your capital and wait instead for the right time to buy bitcoin because as you said you already have some coins in your portfolio so probably that's enough and you should focus on bitcoin. And also stop seeking for an investment that you don't know if they can really guarantee a good return or not, infact DCA is not popular compared to those coins you've mentioned above so better to wait and buy bitcoin, don't waste your money and be smart when choosing to invest.

Am kind of surprised that you don't hold any bitcoin, If you are not having any bitcoin and you are planning to buy and hold a coin then it's better you buy and hold bitcoin, that's the best coin which I will advise you to buy, because if you can hold then you will definitely make sure profit. Actually those coins you mentioned are not really bad but I will recommend you buy bitcoin. After buying bitcoin make sure you hold for long term and don't keep your bitcoin on wallet make sure you transfer it to non custodial wallet address and hold it their.

If you can afford to buy bitcoin then I would say you invest in bitcoin. Invest in your bitcoin without thinking about the rest of the coins you mentioned Should be.Because Bitcoin is a powerful and reliable currency to invest in.

This is the thing we need to change that if we can afford to invest in bitcoin and why we have this opinion in our mind?The amount we are willing to put in altcoins can be diverted towards btc also but we think it's too expensive.So it's our personal decision but still if you can invest in btc only for long term and DCA is good way to accumulate more in long term without worrying about the prices.

Why people do consider on buying alts is that they do have that impression that they could buy a whole coin which can't really be possible to be done in btc but to mind off that we could purchase by fractions or small amounts which it is really that sensible if you do stick into something which had been supported mainly by the community.

It's up to you on which one you would DCA but it would be wise on sticking with established ones like btc but of you could bare the risk on other coins then it's up to you.

To me, it is not surprising that there are plenty of investors that don't hold bitcoin. They've got the same thought on why they're not holding bitcoin and it's all about its price and they're looking at it as something expensive.

And as they believe that other coins would also be up just as bitcoin, they're extending their portfolios to different altcoins despite having no bitcoin included.

It's 100% advisable to buy and hold bitcoin, we're in the place where 100% the reason why it's made. Nevertheless, if OP decides, you've got everyone's tip of buying bitcoin.

Assurance is what we need, I think. Gladly, Bitcoin has that quality. The idea of converting altcoins to Bitcoin isn't a sacrifice, yet it was a smart choice that most of us are neglected to see.

Invest the money that we can afford to lose, invest Bitcoin in fractions, that supposed we do taking the opportunity while the market is in huge price correction. Perhaps, we can see demand for Bitcoin as people/investors know that this coin could never give them disappointment and regrets but just a profitable future.

Bitcoin would be the best pick, especially during this bearish season. It would be better to stick with it since we all know that it could recover and strike better again soon than risking with altcoins especially those potentials are still unknown. Better convert your altcoins to Bitcoin if you seek assurance. It's actually the best time to accumulate more BTC.

Definitely, it's worth investing more at a moment like this. However, you've to seek cryptos with high potential to survive and bounce back. Bitcoin readily comes to mind here. It's the surest of all cryptos to survive during bear season. I've witnessed it survive several falls, both mildly and severe falls. Bitcoin is a phoenix, literally a cat with more than nine lives. Also, Ethereum, BNB and Polkadot won't be bad ideas to have a look at.

DCA Bitcoin, don't DCA with altcoins in this period because if Bitcoin falls more, altcoins will decrease more considerably.

You must to wait for bottom confirmation from Bitcoin. Solid confirmations from Bitcoin, then you can start to DCA with top altcoins. DCA too early will make your wallet emptied and you will no longer have budget to DCA more when altcoins fall more and give you cheaper price.

Each DCA round should be more than -30% to -40% price from your previous entry price.

Bitcoin first. That decision should not be thought twice, especially with DCA which is ideal for long-term investment, buy it if you have the money. Then, you can start thinking about diversifying your portfolio.
Save another set of money for those altcoins that you want to buy, but I suggest going for Ethereum next.
Then, repeat. One more set for other coins that you got your eyes with and in this case SOL or DOT, right? The safest first before going to high-risk cryptocurrencies. That way you will have a fallback when the worst things come. Like what happened with Luna. Remember, no one is prepared for sudden dumps.

In general, nothing is stopping you now. Although the situation on the market is not easy, it is generally predictable. So, you can draw your own conclusions.

I get that increasing the amount of bitcoin you have could be a great idea, but at the same time if you are not holding bitcoin for that, then you are not going to be succeeding.

It means that even in that idea you need to have bitcoin most of the time. What you can do is, have full of your money in bitcoin, then buy some eth and sell it back again all to bitcoin, and do that quickly and trade it. Investing is another question and buying alts would be investment, that is how I understood it. So, why would you prefer to do that when you can just simply do something else? That is the way I think, bitcoin is the way to go and it will always stay at the top.

Good advice, we first need to go for the assets that are the safest, this in fact runs contrary to what most people do, which is to try to get as many high risk assets as they can with the idea that if they do this then they are going to obtain profits even faster, however the opposite approach is the correct one as people need to first go for the safer investment and then only once their position is as solid as possible they can think about increasing the risk they are taking by investing in altcoins.

If you want to invest in this market, I can definitely advise you to invest in Bitcoin. Investing in Bitcoin will definitely not hurt you like that The current market is completely out of the analysis of the people.Invest in Bitcoin directly instead of investing in nonsense coins right now. In addition, Ethereum BNB can buy and invest all these coins.

Bitcoin is the first choice for the long term if you want to make a profit. Of course they probably shouldn't ignore all the good potential altcoin like ETH and BNB as they both have great use cases as altcoin. If they want then they can also diversify their assets to some of the top altcoin but if it were me then I would choose bitcoin which dominates the portfolio for long term investment.

Granted, no one knows about the future of this crypto asset, but things to consider such as increased adoption should be the reason why bitcoin deserves to be in an investment portfolio. However, they still have to consider the risk that they should only invest their money to what extent they can afford to lose.

Consider buying BTC now if you already own DCA, ETH, SOL, and other cryptocurrencies. The current price of BTC is at an excellent purchasing level, and if held for an extended period of time, will yield a significant profit. After a long period of holding, I believe you will have a great story to tell. BTC is an excellent investment since many big investors have it in their personal wallets and keep it because they believe in it.

Are you sure you're a trader? :) I don't quite understand why you should ask such a question. I think you can answer it yourself.

If you are too worried with the future of your coins, then maximize your investment in bitcoin. No doubts that it will make the best asset for you in the future. So do the DCA for bitcoin if you want to give it a full blast, since every now and then its price is still dropping. Do not be over pressured on the other coins, just invest on the amount you can afford to lose. But with bitcoin, you know it won't disappoint you so reserve good amount of funds for it.

I think it's a good habit that if you want to DCA in a bear market, it's best to collect BTC instead of alts that may nose dive even further compare to BTC. Time has tell that it was always the case, there might be some alts that was still up or doesn't lose much of its value but that's a rare stuff to see, most are getting lowered. Make your portfolio having the large asset in Bitcoin, recommended.

At the moment bitcoin is experiencing a small recovery and it is trading above 31k right now, it is still a very good price to enter the market or to employ the DCA strategy and reduce the price of the coins we are holding.

But we need to be careful as the price could go down at any moment, so for anyone that is thinking on investing right now they need to take this into consideration so in the case the price begins to go down again they do not get scared and sell their coins for an even lower price.

The price could fall, and if OP have invested back on the day he started the thread now he can book his Profit and go for a buyback with the DCA. During 24th May the price have marked a low of $29k, and now it is nearing $32k. The difference marks the profit and this is good during a bearish market. As the market is much dependent on the move of bitcoin, the altcoins too have begun to turn green. Ethereum have crossed $2000 which is to bump the price of majority of the altcoins.

Yeah, it's more like a relief considering we have been in the downtrend for over two months now and other analysts are expecting that we can have a June rally. It's hard to trade during a bear market, lot of FOMO, hopefuland wishful thinking comes in mind and the worst part is that it would nosedive within minutes and could be double digit negative for hours.

This is a wild west and people should expect to lose if they risk trading in a bear market. I'm not saying you won't be able to make profits, but I'd suggest that be fast and stay cautious as you can.

I have read someone just now that DCA doesn't work. Well, I didn't been able to get a reply as that person seems there just to drop by a comment and then won't reply back to the debate that he has started. Talk to the people that have been DCAing with bitcoin and you'll all receive a positive response from them. Not to mention those that have bought a bunch during the early days, they're still on bitcoin and keep on holding it because they have a goal and vision towards its future.

Perhaps, it was not be going hard to decide. Of course, we give favor and choose the best for us. Choosing altcoins during this bear season is not a good idea, we'd pertain to choosing Bitcoin instead, that's right. The use of DCA is not only suitable during the bearish time but also and I believe it was a must when doing trading.

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Well, I guess OP had already gotten an idea, But I suggest taking the option that seems to serve the best him/her. It is somewhat important to pick the one that we know could help and enhance our chances.

As we know dollar cost averaging is just a strategy, and like any strategy it has limitations, in a market which does not move much then I would guess this is a strategy which will not work very well, however when it comes to an asset like bitcoin which can show extremely strong trends then dollar cost averaging is without a doubt a strategy that can work, it is just that it needs to be performed regularly and for a significant amount of time.

Yeah, that probably didn't worked for him but he just said that it doesn't work and there's no justification on why he said that. Well, that's social media and there's no need for anything to prove whether they say a truth, an opinion. I saw someone replied on him that exact thing you've said that DCA works for bitcoin and then, that's all. No reply and that's why I've come to think that there will always be people that will be against to the fact that you've known without justifying their stance.

Yes, seeing that bitcoin price will drop more in this bearish market, then doing DCA would be the safest way. Its the only way where we can still maximize our hodlings even when we can't buy at its bottom price. However, for those other coins you mentioned, for me no need to DCA, but its definitely your own final decision in the end.

A core bitcoiner will always tell you to buy bitcoin. And that is a nice advice. The great difference between bitcoin and some altcoins is, in 5years time, we are sure to see bitcoin here, but this cannot be said for many altcoins.

In the other hand, a lover of altcoins will give you some good coins you will buy which can do x2 to x5 for you and that cannot easily be said of bitcoin. So, it all boils down to what you want.

My advice is always to buy bitcoin if the money is not what you want to pay rent next month with.
Note that you can also DCA bitcoin, averaging is not only particular to altcoins.

I agree, choosing altcoins during this period means nothing to me as well and it means a lot of terrible results in the end. We should be managing to do something that will make us a lot of profit and bitcoin is the way to go there, altcoins could maybe potentially make us profit as well but which one? That is why it is unknown.

If we are talking about ETH or BNB for example then it could possibly be the same result but if we are talking about something else then the result may not be what we are looking for and there are some that go down or not go up a lot even during the bull periods. This is why I agree that bitcoin is the way to go.

What could have been the best asset is the one you certainly lacked of. So for now, focus on bitcoin. You can do DCA if you want but do it with bitcoin because i believe the more bitcoin you hodl in your wallet, the brighter your future will be. That is why when the market is in bearish, majority of the investors grab the opportunity to buy bitcoin because its the best asset at the moment that will certainly give a lot of profits in time. Just be patient while hodling it, and so with your prior investments. Bitcoin will paid off once it breaks its new ATH, and so with some of the established altcoins.

I think people need to be cautious about buying bitcoin at this time when the market is going through a dangerous phase where buyers don't know what the price difference is, if we're going to have any reversals to the upside or if it's accumulating and then it could be drop even further to levels like $20,000 to $14,000, so even if people think about doing DCA they need to be careful about this part so they don't have problems in the future. imagine that someone buys now at 29000$ and then the price drops to 20,000$ or 14000$? the right thing is to wait for the price to stay above $32000 and show signs of an uptrend reversal


Certainly after Luna, who no longer trusted altcoins, became afraid of altcoins, luna proved that altcoins are the biggest danger in this cryptocurrency market. if people buy altcoins now they should expect that one day the price will drop to zero

But that defeats the purpose of DCA imo. Minding about the buy-in period when you're purpose is to buy for the long term kinda defeats the purpose of, well, doing it. If you were to start minding the buy period of yours, then might as well just trade it in the short term, or might as well just day trade even. 
True. Most Bitcoiners look at investment opportunities in the long term, while altcoins are more of a short term instead since majority of them are built up on hype and they die off after a few months or maybe even weeks of release. Nothing odd about it though, that's just how most of them goes.

^ I rather apply the DCA way of buying BTC than altcoins.
For peace of mind, BTC is the right answer, you can invest it and wait for it for a long period of time purpose and if your profit was there of course it is easy for you to sell them all and invest back when there is a correction. Altcoins nowadays did not have a real utility, aside from those at the top of the coin market cap. We should avoid them, especially those meme coins that price increases through the hype. Remember that a high yield return coins are possible to turn out into scams.

Bitcoin has total conditions of delivering x2 of the investments made right now. We are near 30,000$ price range, while the ATH was almost 70,000$. It's likely bitcoin will surpass that ATH yet, so even on the humblest scenario (that is to repeat the same ATH), investors will double their investments. And being optimistic, x5, that is bitcoin reaching to 150,000$, seems possible as well.

The difference is that regards altcoins, the risks when investing on them are higher. But in percentage increasement potential, bitcoin is still a very strong one. Only greedy investors can't get satisfied with BTC returns, because they are looking for exorbitant returns (like 1000% and above) on short run.

That is a good advice and an interesting strategy to follow, although I'm not used to it, since I tend to do things in a single shot, instead of DCA.

This question is a critical question at this time when the market is down and we don't know what will happen in the next minutes. For me, getting bitcoin will be a good idea especially now that the market is down so one can ride the price of Bitcoin to the top. Going for altcoins is also a good idea but it will be perfect if you but both Bitcoin and other cryptocurrencies that are doing well in the market will good chances of going far.

If we don't look at the graphs then we can have peace of mind otherwise btc price movement is really upsetting these days but yes if you are not into trading and want to hold long term then you don't need to worry a lot and you will get profits in near future.While if you are into DCA then it could be beneficial even more as you can have more btc with you.But the altcoin market is mostly manipulated with fake pumps and once the market crash they are unable to recover so stay away from them.

Since you already hold some other coins but no bitcoins yet, I would strongly recommend to buy some BTC. Right now the BTC price is cheap compared to last year. If you can buy BTC below 30,000 USD it's a good deal on my opinion. And BTC as the oldest crypto coin should be part of any crypto portfolio. I am assuming you are looking to build up a long term portfolio and not only want short term gains. For that BTC should definitely be part of your wallet. We don't know which Alt coin will be successful long term, but we know that bitcoins will still be around in the future, it's never a bad investment.

this is a bear market, of course you have to immediately choose an altcoin or you can wait for the price of Bitcoin to be safe to buy,
because the price of Bitcoin still feels shaken due to news of interest rates in the US, if you want to buy Bitcoin I think it's good at $20k to $25k

Not only bitcoin should be part of every portfolio it should also be its main investment, after all even with the bear market the bitcoin dominance is above 44% and if we did not considered all the shitcoins, centralized coins and POS coins then that dominance will be even higher, so with this in mind then it is important to take bitcoin seriously and make it an important part of your portfolio otherwise your long term results will be disappointing at best.

It's still not enough if you have to wait for a bear market that's not yet halfway through. Because when a bear market comes along with pretty drastic conditions, we will see Bitcoin at $25K as you said. but can Bitcoin be this deep? Of course nothing is impossible, seeing the increase in interest rates is still only a few percent of the impact. That hasn't fully provided a deep enough correction. At the end of the year, we usually see a deep correction, so if that happens then the buying moment will be very promising in the long term until we welcome the halving of 2024.

But fortunately, there are no backup claims that support the possible huge decline of the market driving Bitcoin price to fall to $25k. What just we see is that all are positive views and the correction that we have now isn't bad to look at and we keep holding the line at $28k. Now that people are too optimistic about the future and coming halving, the majority were taken to make a buy option rather than waiting and looking for the bottom price. In this situation, we can therefore say that instead of thinking it drops more, it is too possible to see for an early recovery.

BTC is the first choice and the main asset to have for investment. The value is clear enough with that high market cap. Although nobody knows the future, Bitcoin has the biggest chance to rise up and create a new ATH in the future.

If you think it is enough to have BTC, you may diversify again your money into some altcoins with higher risks if you want. ETH and DOT are also my choices. But never follows what other people do. Just make your own research from now.

Make bitcoin as your main where you do accumulate as much as you could and also whenever it do declines its price then i would be mainly minding about DCA'ing bitcoin and whenever i do see some opportunity on

some altcoins then this is where i do make out some consideration on taking some altcoins for me to invest on but of course it would really be depending on your funds since this one requires capital.

Not all does have the capital to invest on thats why you should really be wise on making out decisions something like this whether it would result into positive or not.

Those are good choices so if you're done stacking bitcoin and you think that you've got enough then proceed to your next choice of those altcoins. ETH is one of my top choices after bitcoin. So if you're trying to get as much as you can and balancing the portfolio you've got.
You should choose the best that you think that will fit your portfolio and you truly like because it is your money that you're investing and not the others to intervene with your decisions.

Well said, prioritise bitcoin. When you're fulfilled with the Staking of bitcoin go for altcoins. One contrary altcoins were the one to provide higher ROI than bitcoin, but it has got the risk higher than bitcoin investment. Whenever you make an investment it needs to be diversified, so it is possible to minimize the loss even when the market is on its worse.

You lack a letter of "C". Staking and stacking are different, just a correction with that. Choosing with altcoins, you've got to think of it as you already are aware of it based on your option and knowledge. You can choose anything that you want to but it doesn't guarantee you profits and it's not going to skip the risk that you'll take. As you diversify, it's not going to be that much or too many of it, a few will do together with bitcoin and that's going to make your portfolio stronger.

I think recovery from 29k will happen but there is a resistance being felt for reaching the 30k price. Possible selling pressure at this range.

Even then buying bitcoin should be the main target, altcoins are not as good as bitcoin in terms of ROI and long term value. If someone fancies them, then by all means go for them, but your faith should be clear on their vision - of course their vision will change all of a sudden and give you a shock in the middle of the holding period. ;D

With a little bit of patience a lot of these things can be cleared with checking the older charts which clearly reveal that bitcoin has been giving the maximum returns. Fact is that most users here will not do this little bit of homework before asking a question.

Of course I understand everything, but what can stop you? If you understand all the risks, it is quite possible to buy.

What type of Trader are you anyway? is it Short term or Long term investors?
Because if you know in which of these two you belongs, I am pretty sure you know the answer to your
own questions. And if you are matured enough here in the crypto space, surely Bitcoin will be your first
priority on this matter then you will hold it in the long term or even you choose to become short term
trader you can able to earn also in your daily life here.

But right now I'm seeing a decline in all types of coins. starting to get a little anxious to see prices getting worse in Q2. There are things you should be aware of about declines that are worse than this. Don't take careless action.

Diversification is very important, I would not really say that you should buy "only" bitcoin, but if the idea of buying something is horrible small cap stuff and take a huge risk, then it is better to just focus on bitcoin alone. The way people make money is patience, and acting smart and not making serious mistakes.

If you know what you are doing, either bitcoin or DCA altcoins both would work, it all depends on how you do it and not what you do. Both systems would work. I personally have 3-4 coins that I am heavily invested into, bitcoin being the biggest them all, and I never bought a coin that crashed to zero, and I will probably never have one neither.

I think if you have enough knowledge of DCA and you believe that you will make good earn from DCA than offcourse use DCA because profit is big then just holding BTC.
But for safe trading I would recommend to hold BTC in your wallet and wait for breakout.

I will prefer to just wait for bear market, buy bitcoin, wait also for bull market and sell the bitcoin I bought during bear market. Buying and selling this way may not be easy in reality than in theory, but patience can help and a time when the market go further bearish is indicating a better time to buy. It all depends on what we want because dollar cost average is also a good helping means.