Bitcoin Forum

I've seen over one dozen websites believing that BTC will skyrocket in the upcoming years.
The platform I use is Coinbase.
I'm thinking of just buying BTC-USD and just leaving it be.
Any thoughts on this strategy?

You can use Coinbase to buy, but know that you do not have privacy. If you are aware of that and you still want to use a centralized exchange that requires KYC before you can do anything on the exchange, then you can make use of it.

But for better way of buying and protecting your privacy, use Bisq. Bisq may be inconvenient and some people will prefer centralized exchanges for the convenience after getting verified. Traders too prefer to just use centralized exchanges to buy.

But if you buy bitcoin using Coinbase, send it to your noncustodial wallet. That is very important because you do not have your keys on coinbase.com, it is not even a wallet but an account.

You can use DCA to buy bitcoin. Buying now is good because all-time-high may be next year or next two years. Months after halving will favour bitcoin.

Just as the post above mine stated, it will be best if you carry out DCA that way you won't have to bother yourself about buying at the wrong time, although it is a boring strategy and doesn't need an expert to carry it out all you need is discipline.

I will also add that you should look for a secure wallet to keep your coins once you have successfully purchased them. Wallet like Electrum should be able to do the trick is you're able to create an Air gapped Wallet, as it will give you same security as a hardware wallet since you're going for a long term investment it's very important to choose the right wallet for your holdings.
Note: never leave your coin in an exchange.

This strategy has been followed by millions of people for many years. The people who believe in Bitcoins know the true value of Bitcoins. So whatever amount is possible, they just buy it and do this at frequent intervals. Then they hold the coin until the price just skyrockets, and hence they sell it for high profits. They know that Bitcoins are limited in numbers; that is, no more Bitcoins can be created or discovered; hence, a time will come when there will be a scarcity to buy the coins, and people will sell the Bitcoins at high prices.

Yes, it is true. It is very easy to buy. But holding it until you get to the desired price to take profit is what makes it difficult. Not all people have the mental capacity to handle drawdowns and see their funds melt down to negative. They become afraid and instead of holding or buying more, they sell it. Because when you are euphoric it is very easy to buy, when you are fearful, it is very easy to sell your position.  They don't have realistic timelines and expectations. They don't have a plan for when to average down on their position.

Just buying btc and holding it is not a strategy. A strategy consists of managing risk, psychology, and your position. Getting in the move is the easiest.

Well, there is no advanced strategy in what you mention, it is simply using the mentioned pair to buy, if it is necessary to mention that part of the trading strategy is to protect the BTC in a dex wallet, since apparently it is only interested in "just buying" bitcoins today.

Trading strategies vary according to what you want in the short, medium and long term, in any case as long as your strategy is only to buy, DCA works.

i don't think he is a trader. for someone who writes just those sentences, you can already tell all he wants to do is hold.

withdrawing your coin from coinbase as well will be a good idea. you don't wanna wait for them to ask for your SS ID as part of KYC, while they still are not doing that, withdraw your coin after buying. buying just BTC and keeping it in a wallet is often the strategy of every investor.

It is true that there is no better option for investment in the cryptocurrency world rather than Bitcoin.  In my opinion Bitcoin is the most reliable and secure of all the coins in this crypto currency so far. But a professional trader can invest in other coins if he wants to because it is his personal freedom. But wise people always choose the good one especially when it is for long term benefit.
Anyway I see in your topic that you are choosing the centralize exchange Coinbase for investment.  I won't say that Coinbase is a bad platform, but considering security in longterm investments, I think it's better not to use a centralized exchange. And if you want to know the reason, then you can consider the case of ftx exchanger a few days ago as an example. And finally I will say that following a perfect DCA strategy for investment reduces the risk in the investment.

If you are looking for a long-term investment and have other sources of income, I believe it is a wise strategy. For short-term investment, I suggest you diversify your portfolio.
Use Coinbase for trading, but do not use an exchange wallet for holding your BTC.

Your strategy is good but it will not be really profitable if you do not make it better. Trading is a way to get more, but if cannot trade yet because you know that your skills are not good enough to make profit from, buying and holding bitcoins is also a way to benefit from bitcoins, but to benefit well, do not just stop at buying once, continue buying as much as you can and try your best to hold am much as you can safely away from loss and theft.

Its not simple like you said, buy bitcoin which one market used and OP recommended with Coinbase then hold it until reach to higher price, we need research and understand about Bitcoin resistance on which one area or price have to invest. No doubt with Bitcoin potential at the future has possibility reach to higher price but all investment need research and analyze right time for investing. One little advice for long term investment in Bitcoin put or save in exchange account its not really recommended, OP can move your assets to own wallet because not you key is not your coins, learn what happen with second top exchange global cryptocurrency market FTX dropped and scam many.

Buying Bitcoin and just hold it is really a good strategy but holding it on a centralized exchange after you purchased without moving it on a non-custodial wallet is a bad strategy because centralized exchange can close their service anytime while your balance is trap inside the exchange. You are lucky if you can recover part of your assets but most cases user lost their holdings once the exchange assets is not sufficient anymore to distribute to users.

Purchase Bitcoin and Hodl it on hardware wallet for long term is the best strategy for everyone in Bitcoin.

Nothing wrong with just buying BTC — if anything, it's the best option for 99% of people, instead of trying to bet on altcoins. You shouldn't be holding the bitcoin on Coinbase(a custodial exchange) though, go non-custodial.

https://NotYourKeys.org/

Of course - I'd also recommend the Bisq exchange if the OP really wants to keep his privacy. But buying bitcoin anywhere is fine - but only if he agrees and understands the risks of KYC.

The fact is that not everyone cares about privacy because some of them need a sense of comfort and convenience when they buy and trade their bitcoin. So far the centralized exchange has a license - it's government backed by rules, but the security of its assets and accounts really depends on the users themselves.


Regardless of where the OP bought his bitcoin - it is important to recommend him choosing a proper storage wallet for the long term safety of his assets. A non-custodial wallet is recommended - IMO, beginners are usually fine with Electrum.

Buying bitcoin is good, most especially now that the price is still relatively low, the many sites predicting that the price of bitcoin will rise in the near future are not wrong, with all that is coming, which the most important of them all is the bitcoin halving which is coming up next year, this is an event we all are anticipating which drive the price of bitcoin to a new all time high..

But just make sure to move your coins to your private wallet after buying from coinbase, coinbase is like a centralized exchange, it's not advised to store your coins there.

This strategy is called HODLing. It is commonly used all over the crypto world. And yes, the next halving will push BTC again. It could possibly break the previous ATH and create a new record. This will not be surprising because we have already seen this happen in the past. And history will repeat itself. This is why big investors always buy and HODL till the next ATH for profits.

You can surely do it because it is a less risky approach toward Bitcoin investment. But be sure that it's a long-term investment plan. You need to have the will to HODL for that long. As you are using Coinbase as the purchase method, know that it is a centralized exchange. Be sure to withdraw your coins after purchasing to somewhere safe. In a personal wallet that is. I would recommend hardware wallets. But if you can't get access to that, be sure to use other decentralized software wallets that provide good security. For example Electrum (https://electrum.org/#download).

You can probably double your wealth if you wait long enough in btc. Some people don't choose this strategy because they don't want to double their money. That's not enough for them. They want to go from zero to lambo. Even x10 gains ain't enough for these people. They need x100 x1000 gains to accomplish their dreams and because of that they choose alts over btc since they think the more risk they take they bigger the potential prize will be.

I think your strategy is a very wise and safe but you should also be realistic with your expectations. I don't see btc doing another x100 from here.

I also have the believe that bitcoin is going to skyrocket in the coming years but nobody knows when that will happen, nobody is sure when it will skyrocket but we are just accumulating bitcoin and we are hoping it will happen soon.

When accumulating bitcoin, buying from coinbase is good but leaving your coin on exchange is not good, make sure you get a non custodial wallet address and store your bitcoin their, no exchange is secure for you to store your investment in any exchange, if anything goes wrong with the exchange, then your investment is also going with the exchange, that’s why you should make sure your bitcoin is stored in a non custodial wallet and properly secure your private key.

A good plan to go with Bitcoin if you are thinking about the Alts as well you should know the following view as well. A person who asks about the risks of choosing other than BTC should remember. Why does everyone choose BTC?

From the institutional point of view of risk management and reliability, Do you know how much dominance bitcoin had in the market for a long period of time and it will continue to hold it? Market capital is one of the main reasons people trust the most trusted one and Bitcoin is the only most trusted one. Just imagine for a while a company wants to bring $1B to the crypto market what will he choose an asset with already $300B+ capital or a $1B to $10B Altcoin or shitcoin. The answer is clear.

There are other reasons transparency, Supply, Volume, Widely recognized, and much more. Going with BTC is safe compared with any other coin. Even the profits are high with altcoins but there are great risks as well. Institutes can't afford a high risk.

As you are interested in Bitcoin primarily, You should try DCA as already recommended by many.

Is this a good time to buy bitcoin? It probably is.   But are you willing to wait several years for 2-3x? It all depends on your financial capabilities. It is unlikely that bitcoin will fall to 9000 - as many have predicted recently. It is also unlikely that bitcoin will fall below 15000. So you can buy now, but you don't know when you will make a profit.

It's a good strategy but certainly not something that a lot of people will recommend given that it's not wise to put all your eggs in one basket. If you have other assets outside of bitcoin then perhaps this would be something that could work for you. If you're not betting your life savings into bitcoin then you can do this no problem, though be ready for the heartaches and disappointments when they come, especially when the price starts to dip so hard that the only thing left to do is forget about bitcoin for a while.

Well, just as you said that you have been using Coinbase, I want to ask, Hope you have received an email from Coinbase just like what I have on the image below? 

https://iili.io/HiWXte9.th.png

If you are buying or selling Bitcoin, I suggest that you mostly use only DEX to carry out your Bitcoin transaction. Also, don't develop the habit of keeping your coins in a centralised exchange, or else you might lose your asset unexpectedly. The rest has been said by others.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

Those who urge you to acquire Bitcoin because of the skyrocketing price that will occur in the coming years are correct since Bitcoin usually follows a 4-year cycle and every Bitcoin halving is always a rally season.
Buying Bitcoin now is thus a solid move, but you must apply risk management and never invest out of greed of making profit.

Purchasing additional bitcoin and accumulating them for long-term profit is really advantageous. Dozens of websites predict that bitcoin will skyrocket, and dozens more people believe the same. As long as you don't sell them, 1BTC will remain 1BTC. Waiting is always the most difficult part of maximizing the earnings that must have accrued over the years.

Buying bitcoin and holding it is a simple and yet a powerful strategy, however I am a little bit worried about your comment about just let it be, I suppose that by that you mean leaving your coins at Coinbase wihtout moving them at all, and if I am correct then this is a very dangerous move.

Centralized exchanges regardless of how powerful they may seem can collapse very quickly, and we have a very recent example of this with FTX, so if you decide to follow through and execute this plan I recommend that you hold those coins on your own wallet.

Bitcoin can not fall below $15000 is what I think too. The market is green for now and the support at $25000 would be strong, if it gets to $20000 because it is still possible, I do not think bitcoin will fall much further than that. If there would be another worse bear market, bitcoin will not fall below $17000 is what that I think.

To invest now is still good, but DCA can help. 2024 is still far, like six months from now. Having too is round march or April of next year. There is possibility that the price may still fall one more time, which would be a good time to by more, but buying now using DCA is good.

Its depends upon you , if you want to hold for long term with low risk coin then BTC is fit for you and you don't need to think of other coins. every one has one strategy with which he entered in market. my strategy is to invest half fund for btc while other trade in other potential coins to make quick profit and at the end buy btc. now there is little difference in our strategy. you have just hold btc and i have increased quantity of btc but you traded risk free while i can loss too

Buying BTC-USD using the dollar cost averaging method is still very relevant to do, but don't let BTC be stored on the buying and selling platform.
Whatever platform you are going to use to buy Bitcoins and choose to just leave it on the buying and selling platform without moving it to a trusted wallet, then that is not a positive strategy but a strategy of handing over the safe keys to robbers to take your money.

I know it's not easy not to fall under the influence of all the so-called experts and their clickbait titles, but don't let them shape your opinion on what and when to invest in. Until you understand what you are actually investing in and how to properly secure your investment, you come out with an increased risk of making some kind of mistake that can cost you dearly.


In general, the strategy of keeping BTC on exchange is not desirable, especially if you are going to keep them for a long time - so although this company has been on the market for a long time and has a certain reputation, it might be a good idea to check what happened in the past with Mt.Gox, Quadriga or FTX.

However, it should be emphasized that even when you transfer your BTC to a non-custodial wallet, you can't consider that you can relax and be sure that nothing bad can happen. Any person who is not aware of the dangers and risks can become a victim of clipboard malware, fake wallet updates or sophisticated phishing, along with countless other dangers that are found online.

But of course, those sites making FOMO of Bitcoin; no doubt, would be making such declaration having looked at or followed Bitcoin precedence for years. It's true and everyone who's into Bitcoin will tell you that the market is expectant of a bull rally in a few months to come.

Buy all you want to now that price is fairly cheap but don't leave it on Coinbase. Move whatever you've bought to a private wallet, except you're buying to trade. If you're buying to hodl, move it out once you buy. Centralized exchanges aren't a good place to store coins because you don't have the private key to your coin if you leave it on an exchange.

As a newbie who wants to invest,you should only use coinbase to buy your btc and transfer it into your noncustodial wallet. Before buying your bitcoin make sure that you have created your noncustodial wallet. Don't leave your coins in coinbase because it is not safe. You can download an electrum wallet and use that for a start as a newbie because it is easy to understand. Holding for long is the best strategy that will enable you have a good profit if you can. We are still expecting to see bitcoin price pump higher because they halving is close at hand.

Buying is the surest move a newbie can make. But in order to buy, you also need knowledge, namely, in which wallet you will store your bitcoins, whether you know how to properly store your seed phrase, and whether you have the necessary patience not to sell at the moment when the market will fall.
However, for beginners, there is a great opportunity to learn and, at the same time, get practice by regularly investing some funds in Bitcoins. Don't be fooled by stories of quick profits from altcoins; after gaining some experience, you will see that only Bitcoins can be trusted.

The right strategy is to use the DCA strategy to prepare to have a lot of Bitcoin. This strategy has been done by many people, especially those who don't have a lot of money or can't buy large amounts of Bitcoin at once.

We here also always recommend using DCA for people or investors who want to join Bitcoin, which has been going on for a long time. But not many can really succeed in getting big profits because after owning Bitcoin, they must have strong hands to hold it until its price goes up.

And you can buy Bitcoins, leave them as you like, and not bother watching the market. This will make it easier for you to hold Bitcoin because you won't see the price go up and down and buy according to the schedule you make.

These things are certainly part of knowledge which is usually not noticed,
it's also important to know about it,
what is clear is that beginners have a lot to learn and it is better to focus on that than chasing profits.

This strategy is very successful and I think everyone will prefer this strategy. You should know and identify the timing of holding because timing for holding matters a lot.

Try to save your bitcoin in your wallet and make sure that it is secure. Bitcoin will soon rise and will enhance in price but some people buy bitcoin and never wait properly for the accurate timing so patience is also require for benefit just buying is not necessary.

Buying bitcoin this time is profitable so when next year halving occur you will take your profit easily but if unfortunately it does not occur then you have to wait more for some years as getting profit needs years.

That's true. In fact, I believe that majority of the forum members here believes that bitcoin sill skyrocket in the upcomming years. Even me, I believe that bitcoin will bloom into a value that we have never seen before. Though people do trading and investing into other tokens because the possible profit they can get from those is much larger if they buy and hold bitcoin until the bull market. People are trying to utilize their funds in order to grow it and make big profits from it. You can still make profit on bitcoin but investing on altcoins can possibly make your profit tenfolds. Although, the risk is much higher compared in holding bitcoin.

To invest in bitcoin, the method is very easy, even easier than investing in other assets. It is not only easy but also safe to store your purchased bitcoins in a private wallet where only you know the private key, and don't leave your bitcoins on exchanges as it is dangerous.
how to buy bitcoin at a low price and hold it for the long term is the best choice and also very profitable, and also your DCA strategy is to only make purchases periodically or at the time you have set and the goal is the same for the long term. And that second way is the best way as long as you do it for bitcoin in the long term and it will definitely give you very good returns, as long as you have to be patient and believe that the bitcoin price will skyrocket.

Because many people are still greedy and hope they will earn high short term profit using shitcoins.

Well if you don't mind with KYC, you could use Coinbase to buy and sell your coins, but sometime this exchange is suck and stricter than other exchanges.

You must hold your coins on a cold storage since you're looking for long term investment, you can use Trezor or Bitbox, those are good hardware wallets. Holding your coins in a centralized exchange is a worst decision.

The most appropriate strategy to buy Bitcoin is to use DCA, Which you say is not wrong, in fact more than a dozen websites believe bitcoin will skyrocket in the coming year. Advice for those of you who do buy bitcoin for the long term, it would be wise not to save bitcoin on an exchange later for fear of unwanted things happening like Coinbase, Binance and others. because if you do not fully control the exchange. it's better to save in a soft wallet that uses the key phrase, even better in a hard wallet.

Apart from that, you need to avoid if you want to hold bitcoin in the medium term, when bitcoin is profitable but not sold and hopes to go up but bitcoin keeps falling so profits are lost. Here it is important to stay away from greed, learn to be grateful for the advantages that already exist.

Many investors believe since altcoins has lesser price value than Bitcoin that it'll be better to buy altcoins and make money profits than buying Bitcoin. But they fail to make their research as if they have research properly they'll find out that although altcoins gives more profits but they don't last in the market. Ignore all the altcoins topping coinmarketcap, excluding stablecoin many of them won't be in those positions after next bull market.

Only Bitcoin can be in the list and maybe Ethereum as well but the rest has a high possibility of not making the list and that's because they'll stop getting hyped and investors will move on to the newest thing also some might collapse as other altcoins has done so in the past.

Yes, this is what a lot of people are expecting to happen next year as a result of the halving events that have been happening every four years. So, based on Bitcoin's history to far, a bull run is currently anticipated following the halves phase.

Coinbase is a good exchange to buy bitcoins, but you should never leave your Bitcoin there once you've done so. Instead, move them to a personal wallet to ensure that they are properly secured.Just be aware that if you leave your coins in a centralized exchange's care, you are not the only one in charge of It,so If you want to be in complete control of your money, you should use a decentralized exchange.


The best way to make a profit from a Bitcoin investment is to purchase it while the price is still low and sell when the high.so if I may add, this is also the right time to buy in aim of good profit target. However, since no one can accurately predict what will happen to the price of Bitcoin in the few months before halving, I may say the best strategy to use is dollar cost average (DCA), which refers to a gradual process of accumulation.

the strategy that you are using is a long-term investment, have you set at what price you will immediately sell the bitcoin that you hold, this is very important so that you really make a profit ^{(not just buy, then leave it in your wallet in a long time)}

but if you plan to become a long-term trader, you must also determine at what price you will stop-loss and at what price you will take-profit.  find a strategy that makes you comfortable, and don't be easily motivated by other traders even though the strategy doesn't match your habits.

This is 100% effective. Because for me, the only reason why there are a lot of people who are a fan of altcoins are because of the ROI, they tend to see some altcoins that are just making huge gains in just a day, like x2 or more than in just a short period of time while on Bitcoin, you will not see that anymore.
But on the side of that, there's a big risk involved when you are into altcoins compared on the Bitcoin.

The big risk is proportional to the possible profit you will get, if you choose Bitcoin it is indeed quite promising in the future but with small capital we will not be able to get big profits.
If you have enough capital, then buying Bitcoin is great but if you don't have a lot of capital, I think taking big risks on altcoins is not a bad choice.

Buying bitcoin is a great idea. You don't have to worry about looking for some "promising" altcoins that may not bring anything in the end, you just buy bitcoin and wait for the bull market. I don't know about the whole market, but I'm confident in bitcoin, it will be a reliable investment that will bring profit. Now bitcoin looks good, but pay attention that it has been growing since the beginning of the year, take this into account, after such growth a correction may follow, remember this and do not deviate from your original strategy.

Just think about storing your bitcoin not on an exchange, take care of safe storage from the very beginning, study hardware wallets. Everything ingenious is simple.

But the problem with that is you are limiting yourself for the opportunities available in the market. But if you can't afford to have this because you can't trust the altcoins in the market then this is fine being bitcoin maximalist can save you up from many stress that can bring up by some altcoins.
Bitcoin still has a big potential but you need to wait for maybe more longer times before you can see a great changes unto your holdings because bitcoin is meant to be a long term investment if you want to see some great results.

Not only are these possible prospects, altcoins also hold the potential danger, that instead of making money you will be worried about how the price of the altcoin continues to fall while bitcoin continues to rise. I don’t know if this seems promising to some, or maybe there are those who think that big risks will give the opportunity for bigger profits, but I don’t think so. Bitcoin is doing well, that's enough for me, I don't want to worry about altcoins.

If you have the opportunity, buy bitcoin and don't hesitate to hodl because we are still in the bear market period for now which seems more better opportunity to get started, bitcoin is the best you could decided to invest with in cryptocurrency that won't give you any fear of missing out over time, but before you take any necessary steps or decision, you have to understand how it works with the digital currency first.

We have different understandings and ways of trading or investing for Bitcoin, indeed from year to year Bitcoin is a type of crypto that is being chased by many groups, investors, entrepreneurs and to lower level positions. the goal is the same, the pinnacle of success.

However, what you are doing and want to do now, that is the best step for you in the future in terms of trading and investment, we often hear the saying "little by little - over time it becomes a hill" instilled by most people Chinese.

Of course the strategy you are implementing is a kindness for you in buying Bitcoin, we know that being involved in the crypto world is risky, of course the knowledge you have is the best for you, don't force something you don't know, do something based on the knowledge you have, especially in the field of crypto trading.

The price of a bitcoin can be up to 3x its past ATH in the future, and anyone who invests any amount of bitcoins will get the same multiplier. The profit distribution depends on how much they invest, and each of them will get it. The formula is the same, but the amount of profit varies because it depends on the initial investment budget and when they made their entry.

So far only early investors have actually made big returns, while others may never be the same. But what needs to be stressed is, bitcoin is not going to make them rich overnight, this investment is not a form of gambling.

Since I became involved in the cryptocurrency industry, I can say that this is the widest window of buying I have witnessed.  This window has been open since 2021 and it is still open.
30k is still a good price to buy having in mind the bitcoin ATH @69k.
What I do not actually understand is your buying strategy, but I will advice you go with DCA method incase the market will see 20k region again before bull run.

Perhaps, you are right. If you are here just to hold long-term, choosing Bitcoin is really the best option to take. But if you are here for trading, it was preferred to use altcoins than Bitcoin because of the behavior of these coins. But have to remind you not to use the exchange (Coinbase) as your storage wallet. You can use this platform of course but must have to transfer your Bitcoin to your controlled wallet especially if you are aiming of holding them for many years.

Many investors especially the newbie ones, or the ones who don't want to stress themselves that much when it comes to investing are the ones who are doing this.

Buy and hold. Simple strategy. A long term strategy, and it requires lots of patience in order for the investor to get it's profits. I don't see any problem that you are using Coinbase, but if you will just let your Bitcoin stay there for a long time, that's the problem. You might bought Bitcoin in Coinbase, but you don't have the full control over it because you bought it on a Centralized Exchange.

As for your strategy, it has been proven that the strategy that you shared is working. The problem is it requires lots of time, and patience in order for that to be a successful one. Most of the investors unfortunately don't have the patience to hold Bitcoin for a long time.

many people have idle money and end up saving it in bitcoin, until it is left for years, it has benefits later we will feel the impact, because many believe that bitcoin is the future, so keeping it in the long term is the right choice, even though there are fluctuations which is high, as the adoption gets bigger then it will also fly again later. but if we keep it in our personal wallet, try to keep the key well, and if you want it for the long term, don't forget to tell our close relatives to know the key too, because no one knows how old he will live

I never compromise increasing my capacity to accumulate more bitcoin to the utmost extent possible. I've gained an abundance from the project and I'm not going back. I don't follow market trends; rather, price movements do the analysis for me. Buy and hold bitcoin throughout the bear season and patiently wait for the bull to arrive, at which point you will have triggered the sell option, resulting in significant profits. When it comes to cryptocurrency, Bitcoin is ranked #1; it is the most promising initiative in the industry, with a large number of investors willing to participate and make both losses and gains.

It is dream of true Bitcoiner who wants to just hold their bitcoin see them grow eventually into thousands to millions of USD depending on how much they holding.

Well it is a great start if you are already having those thoughts. Coinbase is favourite for many people but it’s not the safe place to keep your bitcoin mate. If you are truly going to be holder then just buy hardware wallet which is not waste of money in the long run.

It’s an added bonus when it comes to security of your funds. You can always keep putting bitcoins on it as and when a purchase is made. Start doing DCA investment this way you don’t burden yourself investing all at once. Good luck mate.

We all believe about Bitcoin is that the price of Bitcoin can be very high in the coming years. There is no doubt that Bitcoin is the crypto currency with the most potential among all crypto currencies. Crypto currency markets are very risky markets but Bitcoin is the single crypto currency that can be trusted the most. That is why most people prefer to invest in Bitcoin. Your strategy is best if you can buy and hold Bitcoin it can give you a good profit in future. If you had made the investment a few months ago, then the price of Bitcoin was even lower, but still investment in Bitcoin is a great opportunity. Try to buy some Bitcoin now and buy more if the price of Bitcoin goes down.

Definitely you will have every opportunity to maximixation of your investment potentials for possible profitability if you can maintain your investment to hodl, for sure there might be times of having loss encounter but they don't last especially when the results you have were attributed to your own personal errors, which will still present one with diverse opportunities for recovery if one is really good at trading bitcoin, this kind of experience is what others cannot get rid of with other cryptocurrencies if invested.

It's not really about the number of websites selling this message!
It's the mathematics behind this that will make the skyrocketing possible! Think about it, we have limited number of coins going against  8 billion people around the world and from this population less than 5% are invested or know of them...now imagine how this will be like after 5 to 10 years from now..You know what ,let's just buy and see btc work it's magic

With SEC now having an interest in cryptocurrencies like never before,  I hope your coins are safe with coinbase...
Or maybe this is the platform you use for buying of your coins  ::)

From how you buying your btc...are you actually buying it as in Trading it on the chart such that you can be liquidated should price go against you ?! If this is the strategy,  I don't like it!!!

Being a bitcoin maximalist is such an easy thing to do. You literally do nothing, you buy bitcoin when you have the money for it, and you do absolutely nothing else at all. I love that about it and I can't wait to keep using it for as long as possible. I know that it is not going to be an easy task but as long as it stays like that we should be feeling alright about it.

People will end up being a bit sad to see how simple it was to get rich and they missed their chances in the future, but I personally believe that I will be glad to follow this pat. I love it and I will continue to love it and I do not have anything remotely close to anything this simple to be rich in the future, this is by far the simplest one for sure.

Those dozen of websites are saying the truth as we all expect and know that Bitcoin will skyrocket in coming years, and anyone who has been into Bitcoin and crypto-market believes in that theory. The Bitcoin has the potential and regular userbase to grow very high in value, and many of the current investors believe that Bitcoin will have a huge spike after the coming halving event.

Although, I haven't personally used Coinbase for purchasing of Bitcoin, but I can still say that the platform is legit and you can trust the platform for purchasing of Bitcoin. However, I must warn you that it wont be a good thing to let your Bitcoin stay in their wallet which isn't a safe option. If you purchase Bitcoin from them, then you should also learn that how to create your own personal cold Bitcoin wallet, and you should also learn quite enough details about personal wallets, and once you have enough knowledge, then you should withdraw your Bitcoin in your own personal wallet.

I would never recommend you to hold your Bitcoin in an exchange if you're not basically a day trader or scalper, because if you leave your investment on a platform even if your main purpose is holding then you should most probably create your own wallet instead of that. There isn't any single strategy, and you should built up your own strategy to buy and hold the Bitcoin.

is it really that easy? for those who panic too much and can't hold on long term it will be difficult to do so when the price of Bitcoin continues to fall. quite simple, buy and hold until you get a lot of profit in the end. It looks simple but in practice it is very difficult. Not everyone can do that. The capital used also needs to be considered whether the capital is used for other things or is it really not needed for anything. Getting rich by holding Bitcoin long term looks very easy and simple, but the implementation is quite difficult due to many factors.

Theres nothing wrong with that but i would really be liking to make some add up if you are really that going for long term, you should consider this out.

Coinbase (Buy BTC)
Transfer in Electrum( be sure on saving your private keys)
HODLLLLLL!!!

Always be considerate about the risks factor on making CEX to be your long term wallet. We know that primary rule here on this space in regarding wallets
that non-custodial ones would really be the best choice. You wouldn't really be losing your assets if you do just know on how to keep those PK away on
others awareness or attention. Buy BTC and accumulate as much as you could before bull run happens and there's still some time for us to do
so.

You are right to buy Bitcoins over Altcoins but the next step you should take when you want to hold them for the long term is to save them in a non custodial wallet, a wallet that you have access to the Private Key because it is an important key in holding Bitcoins, put them in Coinbase as well as let them have control over your Bitcoin so it's really risky for you to lose those assets it's very possible either because Coinbase is hacked or your account is also hacked.
Another thing that you should also pay attention to is that news about Bitcoin not only says about prices that will go up high but also vice versa if you start investing in Bitcoin because you believe in news that the price of BTC will continue to rise, it is very possible for you to lose confidence when there is bad news circulating, so it's better to learn about the fundamentals of Bitcoin so that the decision you make is not based on the news but the results of your own research.

It's a good that you accumulate as possible, but did you use a safe wallet? Coinbase is an exchange only and a platform for exchanging your coins to the crypto do you want but at the end, even if you have your own bitcoin (that you think) at the end its, not yours. It will only become yours once you transfer into a wallet that has a keys that the owner is only you.


Currently we are waiting for the next halving which is the 2024 people accumulate as possible as they can and this is the ride that you will never need to skip this could be a life changer in profit or not, no one knows but the bitcoin already doing its history already.

The answer is simple as this, BTC is not as profitable the way altcoins are, when you invest in BTC, the highest profit you can get that will no exceed 1x, but altcoins that have low market cap can do 10x, 20x, 30x and this is why you see lot of people still buy altcoin and when it comes to trading too, altcoins-USD is more profitable than BTC-USD but altcoins have high risk, if anything goes wrong with altcoins, you will regret buying them. My little advice for you is that if you buy BTC on coinbase, withdraw it to an external wallet, don't leave your coin in coinbase exchange because if anything goes wrong, you will lose acess to your BTC.

Everyone has been talking about Bitcoin since a long time ago, there is a possibility that the price of Bitcoin will increase a lot between mid-2023 and early 2024. Now I have a real match with their ideas. For quite some time now, I have seen the price of Bitcoin only increase. At the moment, the price of Bitcoin exceeds 31 thousand dollars. If the price of Bitcoin continues to increase like this then the price of Bitcoin will be close to $50K very soon. Now it remains to be seen how long the market will continue in this upward trend. If the market can create a good support at $31K, there is a good chance of the market going higher.  Looking at the market movements, it looks like Bitcoin will move to a better position later this year.

Bitcoin will not exceed x1? Did you mean x10?
But in any case, it will be a reliable investment, for which you will have to worry much less than for altcoins, because of which you can lose your investment. Also, you can't be sure if an altcoin will give you x10 or x20, it can also only do x2, or not grow at all, if it were that easy, everyone could buy altcoins now and become rich in the future, but it doesn't work like that.

You are thinking of doing a good thing, one suggestion from he would be that make sure you do DCA (Dollar Cost Average) which means that you buy in portions and not all at once, for example, you have $2k as your capital, you buy $100 worth of Bitcoin today, and then you wait until the price drops a bit more and then you do the same thing again, and you continue doing that for every single interval of Bitcoin's price drops until it reaches the bottom or you invest everything.

This way, you will have a good buying price and you won't miss any spot even if the price starts going up after some point. Also, make sure that you keep your Bitcoins somewhere out of the exchange you are using for the purchases if you are planning to hold them for long so that they stay safe.

There is no doubt that bitcoin has made some good movements since this year. In as much as we do not count bitcoin movement from 15k to 30k as a major bull run, I feel that bitcoin has counted it so.
It therefore means that we should expect bitcoin at the zone of 20k again in order to gather the momentum to pump during the halving pump.
It is fine to wait if you want to buy at once, but if you are disciplined enough, you can continue buying with the DCA method.

That's most profitable way for most people. As not everyone can or should trade and trading bitcoin is hard even for experienced people. Only few people can make a living out of it, others are just playing and trying. To most people it's similar to gambling. You might get it right but if you trade with a leverage you also might lose it all.

Not to mention you have (at least in here) mark every trade for your taxes and that's a hassle i wouldn't want.

1 BTC = $1M for sure but we don't know when it will happen so if your strategy is to hold until that price comes up then it's a known strategy called HODLing which is more of an investor has nothing to do with trading. But keep in mind that once you bought it fron coinbase move the Bitcoin to Electrum or any open source non custodial wallet which will gives you the seeds and private keys so you can access your funds anywhere with no restrictions

From what I can see OP you are saying you want to buy bitcoin and keep it in coinbase. if this is really your intention then without a doubt it would not be a good idea to leave bitcoin stored for a long time on an exchange even if we are talking about a reliable exchange with a good reputation, the problem with that is that one day the exchange may ask you for a lot of documents for kyc and you don't have such documents and with that your bitcoins will be stuck on the exchange forever, you can avoid this by doing what most people recommend

which is the following, buy and send your bitcoins to a secure wallet and that you have your private keys well kept and with that you are safer that your coins are well kept, but if you want to day trade then you will have to use another strategy that consists of leaving only the value for day trade, it has to be money that you can afford to lose that you won't miss. I hope that with this you understand both things and that you see that in both cases you shouldn't trust exchanges

There's nothing wrong if you buy Bitcoin today because I believe in the future you are going to be profitable. Some people just waited for a right time to invest Bitcoin because they think that the best time to buy is year 2024. Well for me, since I relying on my analysis in Bitcoin technically, this is the best time to invest in Bitcoin because it's very cheap. Base on my analysis, market was already bullish but there's just no enough investors to result an impulsive movements in the upside and that's why people thinking it's still bearish.

^There should be faith before investing in BTC and if you believe that BTC price will increase because for me, anytime is the perfect time to buy BTC, and as long as you did not sell it under the price from your purchase, considering that is the best for you. Because BTC has been proven that there will be a bullish trend and we are lucky if the ATH will come because it will surely have a reward.
Look at the BTC, it has seen increased adoption over the years, with more businesses accepting it as a form of payment and financial institutions offering BTC-related services. The development of infrastructure around BTC, such as cryptocurrency exchanges and custodial services, has also improved, making it easier for individuals to buy, sell, and store BTC.

It's not good to leave what you've bought there.

You need to withdraw it and then find a good wallet to store it. If you don't own any wallet yet like a hardware wallet, you can put that bitcoin in Electrum.

But if your intention is to day trade then that settles it and you really have to leave it there. You only need to remember that only keep what you can afford to lose there.

Do you need any thought in this when your tittle already says it all? Stop think and start buying mate, everyone and since you're  already thinking about buying bitcoin,  it shows that you also believe  that the price will skyrocket but the issue and challenge is that nobody knows when and that's why you need to stop thinking  and start acting and go buy your bitcoin  and since you mentioned coinbase, it is a nice platform and you can still try trustwallet if you can keep your seedprase or pass key safe.
Before you think or consider buying bitcoin, I will advice  that you get yourself equipped with the basic knowledge  about bitcoin.

It's true that it's better to take advantage of this time to buy, especially since the price of Bitcoin is currently relatively cheap,
if we have to wait again it's not impossible we lose the moment and in the end regret it,
regardless of your analysis is correct or not I think bullish has not come.

There is nothing better than storing assets on an exchange, of course we don't know the worst case scenario where an exchange can go bankrupt at any time just like the case of FTX which is a large exchange that ended up being a scam, while customer assets cannot be withdrawn for a reason they cannot liquidate their ownership.

Buying bitcoin and then moving it to a non-custodial wallet is the best way to store long term, we will not worry about our assets being held because we ourselves hold the private keys, I think with a hot wallet or other hardware it is the best way to store assets.

Good decision you take . Bitcoin is the best way to make some good profit with a safe and secure investment. But this the best decentralized eco system in Crypto industries. But one think always remind that the investment will safe and secure till it's on decentralized system but it will not be guaranteed when you use a centralized exchanger for holding it specially for long term.  So your investment choice and strategy all are good but kindly change the platform from centralized to decentralized system for holding it :)

With what I've experienced, that is the kind of losses I've experienced from holding coins, not just bitcoin alone, on centralized exchanges, if it was possible to buy bitcoin from a decentralized exchange, I would have also recommended that as well,..

But then operating a decentralized exchange is kind difficult for most crypto newbies, it is very easy for most to get around the complexity of centralized exchange, than decentralized exchanges, so best is as you have advised, buy the coins from a centralized exchange and immediately withdraw them to your non-custodial or self custodian wallet, hardwallet is always the best choice by the way.

It's gonna skyrocket for sure but not always.

Buying Bitcoin and hodl it for long term is not bad after all, rather than pushing yourself to do futures trading even though you know you're bad at it. Just make sure to still monitor your Bitcoin from time to time because it might hit a price where you wanted to sell a certain amount or to make sure all of your Bitcoin is still there in your wallet.

Also, secure your private key, don't leave it unattended.

The strategy you are thinking of is not bad, in fact, in my opinion, it is a very good and simple plan to implement. Because basically, we as investors in bitcoin or investors in crypto, buy when the price is cheap/down and sell it at an expensive/increasing price. Basically it is like that. So if you buy bitcoin or USD and save it, it will be very potential and very good for your future. Especially to be more precise about storing bitcoin assets. because the potential for bitcoin in the future will be very large.

And it is true that according to the cycle that always occurs in bitcoin, next year there will indeed be a bitcoin halving, which usually occurs once every four years. With this halving, the price of bitcoin usually always experiences a fairly high increase. So buying bitcoins now and saving them for the upcoming halving is definitely a very good idea or strategy to implement.

but also usually with an increase in bitcoin it will be followed by an increase in altcoins, therefore we must be good at managing finances to get bigger profits. However, you have to be careful when choosing an altcoin to invest in, of course there are some decent altcoins to invest in, even though investing in bitcoin alone is a good choice. and of course shitcoin will move wildly, but we have to be more observant in analyzing and observant in managing finances, because it has a very big risk

it's up to you to play with your altcoin or shitcoin. the clear best choice is Bitcoin. and buy and store in your wallet. never leave it on the exchange. beginners have different thoughts when they buy Bitcoin or any coin then they leave it on the exchange and feel it is quite safe. not only is it a matter of privacy because of KYC, but assets are not really in your control when you leave your assets in the hands of an exchange.

Most investors in crypto believe in bitcoin investing in bitcoin is a wise move. And these strategies have been followed by people for years and have been investing in Bitcoin. People adopt the strategy of investing in Bitcoin and holding it when its price drops and selling when its price skyrockets. And the more savvy investors buy Bitcoin and hold it for the long term. They know Bitcoin will reach a point at some point where people will be very interested in buying Bitcoins but the majority will have very few Bitcoins. Because Bitcoin is a limited number of currency, when people hold large amounts invested in it, the impact of Bitcoin will be seen. So investing in Bitcoin is always trying to hold on to it and leave a huge asset as Bitcoin for the future.

Stop reading those articles where they make price prediction and tries to convince you that the price will skyrocket. See how many past predictions came true. Crazy predictions were made the year before, but we ended up having the opposite. Just do your own research and you decide how much you want to invest and how long you are willing to hold.

The holding strategy isn't bad as long as you are willing to hold your bitcoin until you make profit. Don't use a centralized wallet like Coinbase to hold your coins. Use your own wallet where only you have access to the keys!

That is a very good strategy and if you don't have so much free time to trade actively it's the best approach for you. The so called HODL strategy has been one of the most profitable strategies since the launch of Bitcoin. The long term trend of Bitcoins is still upwards and any holder is going to profit from it. Without the need to constantly buy and sell our positions we also save on transaction fees. If you don't hold any Bitcoin yet I would definitely recommend you buy some coins today and just leave them for now. In case you are looking for more active trading opportunities I would recommend you look at the alt coin market and pick a few less popular coins to trade on the side. Then you can use any future profits to buy more bitcoins and grow you crypto portfolio. Or if you only want to focus on Bitcoins, then split your coins into two wallets. Make one longterm storage wallet where you keep 80% of your coins, and use another wallet for active trading with the remaining 20%. Here again you can active trades depending on the time you have and any profits you should keep adding to your HODL wallet.

     -   Yes, there are many people who really believe in what you are saying and there are also many people who believe in other top altcoins that the market price will also kick up a lot when the bull run comes. And that depends on the belief of each individual crypto fanatic.

I also believe in Bitcoin, my other btc is in Binance, and the rest is in Electrum, that's all I do but I don't hold a large amount, but I don't deny that I also hold other altcoins and Memecoins which I think will also give me a boost come bull season.

Such predictions can give anyone but it is not like that those website will give 100% guarantee but Bitcoin is top cryptocurrency and it's have many history to price goes skyrocket. Before holding in a centralize exchange you should buy a hardware wallet because Coinbase is a custodial wallet.

Influencers will say everything good in order to convince people to use their platform. Now, if you keep following these people and continue reading what they wrote, it certainly puts into your mind that they are right. Well, of course, Bitcoin is going to believe that will rise and be bullish again in the next few years but something we need to be careful and also analyze what they have said because it can be possibly a trick.

You can buy Bitcoin and hold them but must be sure also that you are using the right wallet where to store your Bitcoin. You can't find safety using an exchange wallet, it would be better to have your keys and password.

From the history of Bitcoin's birth until now, those who know about Bitcoin know very well that one day the value of Bitcoin will skyrocket. Since after a while no more bitcoins can be created then the price of bitcoins will definitely skyrocket as bitcoins spread to more and more people day by day. When the number of investors is more than Bitcoin then surely the value of Bitcoin will increase. maybe it's good time to invest bitcoin.

I agree, even though bitcoin is a good investment in the crypto market, and investing in bitcoin seems safe to us, but that doesn't mean we should miss out on bigger opportunities with altcoins. We should not deny that once the bull season arrives, many altcoins will have impressive growth and better returns than bitcoin. I don't recommend anyone invest in altcoins, but if someone is confident in themselves, they should try their luck with them. Don't be stubborn and deceive yourself that bitcoin is the best and should stay away from altcoin while all want bigger profits.

Yes, I agree with your opinion. It is true that many influencers provide strategies for investing in bitcoin, but all of them are right and some are not right for us to implement. The wisest thing in determining an investment strategy is to have both. Listen to a lot of Influencers but we also have to do independent research, because this is necessary for consideration when making the right decision.

Again I agree. If buying bitcoin for the long term, try not to store assets on the exchange. Because this is very vulnerable especially when we store large amounts. Bitcoin is an asset that has the definite nature of growing significantly, you don't need to think anymore about going up or down now, just buy bitcoin by DCA because the halvings are all multiplied.

Yes i think your information will be correct. I also think in future Bitcoin will fly and It's price will increase unbelievable way. Because Bitcoin is very popular now for investment. And you choose coinbase for hold your Bitcoin it is also good i think. Also BTC-USD is good pare. If you hold Bitcoin now i think in future it will give you big profit there has no doubt. But my advice you can do DCA it is best way for cryptocurrency investment. When price will down then you can buy Bitcoin. I think DCA will help you to reduce loss and within short time it made profit.

Future trading is not even bad, though for those who really know how to trade very well, there are people who make  profit from future trading. The truth is that they encounter losses sometimes, while those who only buy low and sell high during a bull market have nothing to lose because they did not sell when the price was low. I know a trader who has been trading for a year and is not giving up; he's living large and still has some Bitcoin in his hold, which he doesn't use for his future trades. I like the idea that I can still hold some Bitcoin and still do future trading with some fraction, although it depends on how good I am with trading.



Cheers 🥂, Dr.Bitcoin_Strange 👺👺

Totally agree with you that predictions are made by many people and experts but there is no guarantee, because cryptocurrency market is a volatile market, prices can go up and down here.Here any good news can take the market very high and any bad news can crash the market badly.However, in the cryptocurrency market, Bitcoin is the most trusted cryptocurrency.. it is fair to say that the price of Bitcoin in the cryptocurrency market may go up in the near future.Your suggestion is also correct to always keep your assets in your personal wallet.Well, there are many wallets to keep your assets but hard wallet is considered the best and safest.

BTC USD? Is this some kind of a peg in order to prevent the value of BTC to fluctuate? But I thought OP only wants BTC alone and not other variations with it. That will still work and it was in fact better because there is no risk on it, I mean the coin is originally developed by Satoshi and we are sure that he won't do some manipulations or sabotage it like any other coins out there.

Coinbase is a registered company. It's not new anymore so I don't wonder on why the OP and others are confident on leaving their funds on them for a long time but as you said, it is still better to transfer the coin to the wallet which lets us own our keys because we still don't know what can happen to them later on. It's better to be safe than sorry.

Yes, you can just buy bitcoin and wait, but right now bitcoin is still more of a universal trading instrument. If you know how to trade, you can make money on every rise and fall. Hold is more applicable to other cryptocurrencies. Bitcoin hold yields are pretty low right now (not like in the beginning).

Trading is risky and I can lose my capital with trading. You say Bitcoin hold yields are now low than in the past years but I will hold my bitcoin. Because it is safer for my capital and I will more probably get profit with holding.

With trading, I might not get profit and my capital can be eaten too. I will have to spend more time if I trade my bitcoin but with holding, it will not consume too much time.

ROI chart.
https://casebitcoin.com/charts#roi_chart

Not bad if you manage well research and actually have much funding fund when near close with liquidation has chance to make it far, but difference with trader have small fund and future trading can make them loss their capital after liquidation. Bad have good side from future trading without waiting with coins up to higher price because has short position, for spot trading actually we are waiting price up for taking profit but future trading has two chance earn profit trough bitcoin or altcoin going up and down. First time I tried with future trading looks promising and earn much profit, but greedy and too loyal waiting for longer time after earn above 30% profit make me loss much in future trading until quit right now and focus with spot trading only.

Buying and holding Bitcoins will be a good decision for you. If you buy bitcoin now and save it for the future and keep your wallet secure, this bitcoin can give you a lot in the future. You may say that there are many other coins in the market because there are only bitcoins and there is no possibility of profit if you buy those coins? Other coins in the market are dependent on bitcoin, if the value of bitcoin increases then the value of other coins will increase and investing in bitcoin is as safe as investing in other coins but not as safe. I think it is always a good decision to invest in Bitcoin, mainly with security in mind. If you want to invest in a coin outside of Bitcoin, you can invest in some ALT coins.

Not usually but altcoins go up every time when Bitcoin's price goes up, it has always been that way and I don't think that will change even in the future, so when trading altcoins, one should keep in mind that they are not independent and they will only grow if Bitcoin grows, or they will drop if Bitcoin drops. And it is obviously the very first thing to do proper research and analysis before choosing to invest in any altcoin out there because not all of them are worth it.

A good trader will never get greedy and invest in coins or tokens that go up and down wildly only to get more profits because with more rewards comes greater risks, so when you are investing in an altcoin only for the quick profits, you might end up losing your capital in that investment.

the strategy is like that, buying bitcoin, then keeping it quiet until the price rises high. After that, it's up to you whether you want to sell it, or wait for a higher price. However, this is quite risky because we don't know when the bitcoin price will drop again.
Besides, why don't people buy bitcoin when they believe that the price of bitcoin will increase in the future, it's because of limited costs. because of this, many people are enthusiastic about trading, investing in altcoins, and others so that they can have extra money to invest in bitcoins.

What? Do you want to leave your BTC on an exchange like Coinbase? No Dude.

That's always the plan. Those that have got enough experience in this market, know how to do it. There's no need to complicate things, perhaps if you've got a better strategy that works for you while others are suggesting some other strategies they think are working for them.
Stick to your plan and what you've learned and been applying all of this time.

Bitcoin (BTC) is an investor choice because of Bitcoin position as a pioneered currency and its potential for long term appreciation. BTC has established itself as a store of value through Bitcoin limited supply and growing mainstream adoption. Investors can participate in the potential upswing of the cryptocurrency market as a whole by buying Bitcoin. The decision to buy Bitcoin or explore other investment opportunities depends on personal risk, investment goals, tolerance and market dynamics.

Altcoins globally repeat the movements of bitcoin, but locally there are times when altcoins show significantly greater growth than bitcoin.

A big partnership, or positive news about the project, can trigger a very good pump, so it is said that altcoins for trading can be more profitable than bitcoin. But firstly, such moments are not always easy to predict, and secondly, the altcoin price does not always react to the news with such a large increase as expected. Sometimes a pump can happen without a news background, and it seems to me very difficult to determine it initially.

It is always a good choice but I don't think holding will work for someone who doesn't have trust and faith in Bitcoin.
Why not BUY Bitcoin? Because it not only gives us profit but we are into crypto adaption which we can use BTC as a payment option, we're making our life pretty easy. Well, people had considered this an investment and can't deny that people had come and taken the risk because of "earning profit". But I encourage people not to just focus on Bitcoin alone, we also have to consider potential altcoins.

yes potential altcoin, you can buy it but for a short term investment planning. whereas Bitcoin, those who hold Bitcoin for a long time are already seeing results. Bitcoin does not disappoint as an investment, or those who use Bitcoin as a transaction tool. some people cannot use Bitcoin as a means of payment for goods and services because of regulations in their government. so more are currently holding Bitcoin for long term investment.

What has happened to the price of Bitcoin from the past to the present, in my opinion, there is nothing to doubt about buying Bitcoin, if there is someone who has known bitcoin for a long time, the reason they don't buy Bitcoin is not about trust, but about capital that cannot be invested. for the long term.
I myself think so, if spending money that will be used for monthly needs to buy Bitcoin is very risky because Bitcoin moves very quickly, but for the long term, I have never doubted it.

yeah that's true, it's all depends startegy trading that you used between short term or long term, the best option for BTC is DCA bought this coin every dumpt but for Altcoin bought for only swing trading and never forget for out of market If you've reached your desired profit target that's was really simple but take time for read carefully situation of market

This strategy has been followed by many big investors for a long time. However you can buy btc and store it in coinbase wallet and as far as I'm concerned there won't be any problem. In fact i have been using coinbase wallet for many years without any danger. Moreover, hide all your information and especially mail.
But if you get a bull market then it is better to sell even buying at this time is like a big competition for you target.

You can buy more Bitcoin if you want as long as you can manage to keep and hold them for awhile while waiting for the bull season to earn a profit but I don't suggest storing it on Coinbase or any exchanges. It was a big mistake of using an exchange wallet as a storage wallet as you are making your investment close to losing as whatever will happen to the said exchanges like hacking, your funds will also lose. Just think about the security and it was best to have it in your control rather than relying on the security of the exchanger.

I have to agree with you mate. Buying btc is so easy that it can be done with anyone who’s willing to spend for it, but battling its price volatility that will cause its price to drop to its lowest and preventing yourself not to panic is the most difficult thing. It takes a more disciplined and determined mind to process that. However, if you are investing with adequate knowledge and experience, that won’t be a problem. Just never trust an exchange for long term hodling. Know where to store your coins so you can assure its safety and security from scammers and hackers around.

Buying bitcoin is always a great move. But putting it into an exchange within an indefinite time, that will be a very wrong move. You will never have the assurance if you will still benefit or profit from it in the end as you might wake up one day losing all your bitcoin because the exchange you trusted suddenly become insolvent and was forced to close their operation. Do not wait for the reality to hit you. Just keep your bitcoin safe by storing it in  your personal and non-custodial wallet. That way, you will gain the full control of the security of your coins.

Some think BTC is too expensive, it is better to buy coins in ICO stage to make massive profits. This was the mistake I made. I had two set of friends, the bitcoin believers and the shitcoins believers. My shitcoin friends were more tech sevy and I followed them. In the end the bitcoin believers were right and they have peace of mind and in possession of cool BTC. My altcoin friends made it in a more difficult way. But then, I am happy for peace of mind.

This should not be the reason you buy Bitcoin. Their predictions may fail. Buy bitcoin out of your own conviction.

Buy and move it to your personal waller.

It’s a typical case of having to do the right thing in a way that puts you at risk and can easily result in the waste of your efforts. Bitcoin is decentralized and though there exist centralized systems within its space, there are rules to its usage and one of those is never to store or save your coins on an exchange.
The few exchanges that happens to have gone out of business or liquidated customers asset should be a reminder but, sadly no one takes these seriously.

Exchanges serve you more in trading but afterwards, saving your coins in a noncustodial wallet should be your best move to ensure proper security of your asset.

With a good start it must be accompanied by a good decision, namely storing Bitcoin in a personal wallet,
Losing due to careless decisions is sometimes harder to accept,
before in the end regret immediately secure the Bitcoin.

Your suggestion is really nice to my understanding, but I suggest that if you want to purchase bitcoin and store your bitcoin wallet that will be protected i will advice you to use electrum wallet  in which everyone is aware that it have a privacy and whenever you want to sell your bitcoin during the time of bullish market it will be very simple and easier to transfer the specific amount of coin needed directly to any exchange wallet, while it's recommendable to use Electrum wallet is as result of security of your bitcoin in the wallet

Or at least use a personal wallet because you have to think about security,
using the Electrum wallet is also a good suggestion and it can be considered,
obviously it all depends on the decision of each.

I agree with your option. In my personal opinion, It depends upon the ease with which an individual uses it frequently. You can use hard or soft wallets according to your use and how much you invested. Possibly you can use the hard wallet because it is more secure than others. Moreover, the thing that matters here is If you have a lot of capital, you should be concerned about its safety and should buy BTC to gain your earnings.

Many people doing this for safe and secure investment. But if you want to multiple your capital then you must investment in altcoins. Cause bitcoin always has large marketcap and it need a huge investor to skyrocket from this current price, when altcoins can easily skyrocket within night. So you can't force anyone to buy bitcoin only, its personal choice. Well i suggest you to keep your bitcoin in your wallet cause if anyhow exchange get scam or problem happened with your account (kyc, violence issue) then It'll be difficult to safe your investment.

You can buy and accumulate if you do like but if we are already talking about storing or buying huge sums of amount then it wouldn't be wise on storing
those coins on those custodial things and exchangers and platforms like Coinbase isnt a wallet but an exchange which its centralized and you dont possess the keys which
its still not our coins and once problems do exist then there's no way that we could be able to get those coins back. Therefore, you should consider the list;

1. Electrum
2. Hardware wallet like Ledger or Trezor
3. Some wallets that are non-custodial, cant point out which one but there are existing currently.

If you do tend to go for long term then this would really be the best thing to be done. Always secure those coins on wallet that you do possess those private keys.

You are absolutely right that Bitcoin is a great option for investment but here your capital is definitely safe but the rate of return is also very low. First of all, you will need a good amount of capital to invest in Bitcoin. On the other hand, there are good and strong projects in the market where you can invest with less capital, and from there you can get a chance to earn a good profit. Which can be many times higher than Bitcoin. So I think one should definitely invest in Bitcoin but never ignore the altcoins in the market, because there are coins in altcoin that have the potential to give you a huge profit. Therefore, one should invest in altcoin along with investment in Bitcoin, but always choose the top and good coins of the market.

because if you buy before a dip its game over.

That's great if you have any thoughts of investing in Bitcoin. But if I were you, I would probably prefer to buy Bitcoin directly from DEX and keep it in my wallet rather than open a position in BTC pairs on Coinbase. You know that when you store Bitcoin directly in your wallet, you have full control over it and you can trade it any time you need. But it's up to you, I'm just giving advice.

at the end of the day it comes down with the fact that some might take risk for the sake of increasing profit they wanna generate off their investment its just as simple as that.
though honestly, such thing could be simply prevented by diversification, but then again some people are more eager in multiplying their money instantly to go such lengths of investing their whole investment to the
altcoins which sometimes is gonna be turning out to be really wrong considering the fact that altcoin is just not as safe as bitcoin in general.
but then again, some people might be limited in terms of capital so it only make sense that some people would prefer to invest in altcoin than bitcoin, as far as I know bitcoin only good for people with at least more than $10k investment and even that is already considered small and insignificant enough with bitcoin investments.