Bitcoin Forum

I'm a 19-year-old boy living in South Korea and now btt, doge, shiba inu, etc.. have skyrocketed in just a few hours on our country exchange 'upbit'. A little fomo is coming. I can't believe it's gone up more than a months I've invested in bitcoin. I personally don't want to invest in other coins, as I think bitcoin is superior.
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?

It is not too late. Your DCA strategy will depend on the amount of money you are earning and the period of time you are given. If you earn weekly, you should DCA weekly. If you earn money, you should DCA monthly.

The transaction fee is high right now, you can use lightning network.  Many exchanges are having lightning network and you can use it with a lightning network wallet.

If the amount has grown, then send it to a noncustodial wallet.

But you can use side chain instead. They are altcoins but they have low fee. Just until the time the network is not having high fee like this.

There's a reason Bitcoin is the safest asset to invest in, the crypto market is highly volatile, It's very difficult to predict the trend of these Altcoins and that's why the safety of your investment isn't guaranteed when you choose to invest in Altcoins. But investing in Bitcoin gives you more assurance because you know that even in the next 10, 20, 40 years to come, Bitcoin will still be there and reaching new heights, but Altcoins can't guarantee you such assurance.

And regards to planning your DCA. You don't need to have any specific amount in mind to DCA, just put in a particular amount from your weekly, or monthly income, don't know how much your income is so I can't tell you how much to DCA. But just like saving in a piggy bank you can make your evaluation and then come up with a reasonable amount, but what's important is being consistent in whatever amount or percentage you choose.

What better mindset do you need than the current one? Since you are already aware that bitcoin is superior to other coins then maintain that idea and also keep in mind that 99% of altcoins out there are scams and if their price should fall they have a lesser chance of ever recovering back to their ATH and some might just disappear into oblivion but with bitcoin it’s not like that…

Look for the reasons that make you invest in altcoins, and you will find that most of them are related to quick profits that will not happen. Therefore, it is better to stick to Bitcoin, especially since you are not just betting on profit, but rather you are betting that the loss will be less than the loss in altcoins, and the profit will be reasonable.

Stop browsing altcoin price and just focus on checking Bitcoin. Having a mindset of investing only on Bitcoin is very hard to pull off if you are regularly checking altcoin price too which typically have more gains than Bitcoin on bull season.

Just like being loyal to your partner or wife. Don’t look to other girl if you want to stay focus your main girl. Same with Bitcoin, stop looking on altcoins.

Buy a little bitcoin a week and study in depth the dynamics of the cryptocurrency market cycle, knowing this in two complete cycles will give you the ability to change the reality of your life

and most importantly don't mess with shitcoins

I will say first. Just believe in Bitcoin.
And you ask about DCA method so my dear friend its on your budget and how much you can separate for Bitcoin from your daily expenditures.
Second thing is that when you want to buy. It is your personal decision that when to buy you want to buy on daily basis or weekly basis or monthly basis.

Just buy and hold. And don't think that if Bitcoin touch the ATH and you should sell your Bitcoins. You should hold because Bitcoin will cross Multi time it's ATH. Jo just believe and hold.

Theres nothing wrong with the agenda you have because you know the reputation already of bitcoin so people would like to make a safe haven here but again don't put all of your assets in just a single pocket or basket, and again as you are saying that the bitcoin is like the mother of all coin and you know when the price of the bitcoin moves the higher chance that the other coins will move to it's a good choice still or instead seek another coin which is paired to BTC. Make a plan for what you want to do with your bitcoin so your not just get confused with your actions.

I guess that you have invested because you want quick profit and that is why you want to get carried away with those altcoins that their price is pumping and tempting you. You already know that bitcoin is doing better than those altcoins in the market and that was why you chose bitcoin, so you should stay focus on bitcoin only, because those altcoins price will only last for a short while.

It is better that you should continue with your regular DCA and don't distract yourself from accumulating to increase your portfolio with those altcoins. Don't make any wrong decision that will make you to regret your actions. If it is not bitcoin, it can never be like bitcoin.

If you are more confident in bitcoin then continue your plan to keep doing the DCA strategy whether it's doing it every week, every two weeks or once a month depending on your ability when you have money to spend on bitcoin, I think it's better once a week so that the accumulation of bitcoin will grow faster than what is expected but even that must see how your cash flow is so that it does not become an obstacle in the future.

Altcoin is always tantalizing when the price of the tide is rising but you should not be complacent because it could be a trap and they throw it into the market, this kind of thing often happens especially if you are pessimistic about altcoins then never invest it is much better if you doubt it.

I'm not exactly sure what did you mean by not leaving Bitcoin, do you want to sell your Bitcoin due to recent pump or you're want to buy shitcoins because their price increase higher than Bitcoin? if you want to sell your Bitcoin, then do it, you can buy it again when the price is lower than the price you sell. If you want to buy shitcoins, then do it, you're either learn a lesson or become rich overnight.

You have a mature mindset on crypto assets as a whole, Investing in Bitcoin is much safer compared to Altcoins. You have outlined some of the suggestions yourself in Op, if you think Bitcoin will reach its highest price, then why should you think about other investments besides Bitcoin. You can use the DCA strategy depending on the money you hold, if you have a daily income, you can buy Bitcoin every day according to the amount of money you have and likewise if you have an income every week or every month.

In moments like this, when the crypto market appears being volatile, those altcoins can speedily increase and some may not move as much as expected, but the same thing to note about them is the quickness is coming down the very way the rise up fast, so if they are falling, they will go to an extent of you loosing hope in them, the better thing to do is to have your bitcoin with you and also hold it without considering what's going on with other crypto markets.

Now you just need to feel how good it is to benefit from the investment you make with Bitcoin.
The increase will make you even more eager to continue holding until the target price is reached.

About what mindset you should have, it depends on how you live it.
If you're already convinced, you just need to add some Bitcoin holdings.

Doing DCA is the best strategy, prepare your reserve fund and do DCA so that you will get cheaper prices later.
Make sure you do it regularly, determine the time range you need to do DCA.

Everyone is entitled to what works best for them and here I see you have picked Bitcoin which isn't a bad choice considering its the king of crypto , though it wouldn't be a bad idea to try other coins too as ROI is usually greater than that of BTC but requires finding the hidden gem in Altcoins.

If you want to invest and stay in Bitcoin for a long-term then avoid looking at chart's at any given opportunity as you could prematurely sell because of fear of a crash and price might lose momentum somewhere along the way which wouldn't help in your bitcoin journey.

Not sure if you have something to do that brings in money, if you do you need to be committing a small percentage of your money towards your DCA investment which won't be easy be will reward you in the future for the commitment.

You cannot stop these meme coins from seeing them skyrocket, but rest assured they will never stay up all the time. Just like with bitcoin, it has it's own time to rise and drop at some point. But knowing bitcoin is the king of crypto, that fact guarantees that bitcoin is the most secured and profitable coin in the crypto market. Bitcoin gains the trust of the majority, so you should prove it to yourself as well.

However, I would not advise you to stick with bitcoin but do your own diligence to research. That way, at least you will decide on your own based on what you have learned about bitcoin.

This is a clear sign that you are a little late. The price can probably go up, but are you ready to take the extra risk? Remember the well-known rule: act against the market. If everyone is buying, then sell.

And did you start to regret it? A couple of months is too short a time to sum up the results. Let's see what you say about your bitcoin investment after a longer period of time. I'm sure you'll thank yourself for taking this step.

Why do something you don't want to do? Reduce your sense of greed and be content with the bitcoin.

Think positively. Know how to finish what you start. You didn't invest in bitcoin for a couple of months and expected to get a good profit, right? Well, bring your plans to the end.

If you believe in this, then cast aside doubts and wait for it.

Just think that bitcoin is designed for long term investment that makes a high promising return. While altcoins are just recommended for short term as most of them are for quick profits, wherein majority do not realize those quick profits. If you can analyze it smartly, then you will know that bitcoin makes a wise investment.

If you decide to leave bitcoin, probably you saw some lapses that some of us are not aware. But frankly speaking, leaving bitcoin could make you regret your decision, as altcoins are not actually even worth keeping.

Your preference for Bitcoin despite the development of altcoins shows a keen intellect. Bitcoin's track record shows its durability and tenacity in the turbulent crypto environment. Today, DCA is a concept, not just a method. DCA has significance for someone at the start of their financial path. Bitcoin may soon soar. DCA helps you stay focused on Bitcoin's long-term rise rather than short-term swings of alts.

Maintain Bitcoin. Accept DCA. This advise provides a path to smart and long-term cryptocurrency investment. Altcoins? Though tempting, Bitcoin and DCA's proven route has endured.

We know that when Bitcoin is starting to bull run, most of the altcoins are starting to skyrocket as well, but we know that the difference between the two is huge. From your post OP, it seems like you are aware that Bitcoin is much superior to altcoins even from its current price you can still manage to invest using DCA methods. I have invested in altcoins as well which gave me profits, but the difference is that altcoins have a potential only for the short-term unlike to Bitcoin, imagine that the bull run is just starting and the end of the year so holding for the long-term investment is better which is Bitcoin. Just focused on the long-term cause it's really tempting to join the altcoins bull run as well, but Bitcoin would secure your funds in the long run.

You have the option to invest in Bitcoin on a monthly or weekly basis, depending on your preference. If you are not interested in investing in other cryptocurrencies, it is best to avoid monitoring their prices, as this may lead you to purchase them impulsively. Suppose you are planning on investing in other cryptocurrencies. In that case, it's important to choose a project with a promising future rather than one that experiences a temporary surge due to popular promotions.

I do agree that you shouldn't leave Bitcoin, but you can invest in other altcoin without leaving Bitcoin, you can spare small amount of your money to altcoins, diversification of you portfolio is always good. And with the current bullish market investing in altcoin is less risky, you just need to know when you need to exit the market. But the same as any investment, only invest that you can afford to lose.

I am so excited with many youth people still 19 years old have invested in cryptocurrency, but seems OP less interested investment make shits coins as his priority. Start investing with bitcoin when bull run moment actually is not recommended, better you have planning buy or invest with bitcoin have sharing bad news and sell it after have good news. Many investors or trader have the wrong way when investing in bitcoin, they will make investing when bitcoin price have up but afraid for buying back when bitcoin drop.

You need to stay with bitcoin but wait awhile when bitcoin have get little correction, I doubt upcoming several weeks later bitcoin without get yet any correction and have chance to buy with lower price. Be calm and patience when investing money in bitcoin without hurry after seeing bull run make us excited to invest as much possible in bitcoin.

I don't have much to say to people asking me if they can start DCA right now, I think it's a sign that people are only interested in Bitcoin when the price is going up, like what have you been doing since 15,000+? There was enough time to have accumulate Bitcoin, but now I don't even know what to say.

Few friends of my friends are now calling me, asking if they can start buying now, I just told them the same, I don't know, buying now is far more complicated than buying at 15k or 17k, just do you, make your own decision, anyone who buys from this price will still make profit when Bitcoin hit a new all time high.

But I think it's better to wait for some correction, 48k have some strong resistance, and I believe Bitcoin will have to go down from there and start going side ways from 48k to 37k before a break out.

What advice can be given and even you know everything like dca and bitcoin are one of the best investments as you have said above. Fomo will continue to exist in the crypto journey and especially when it comes to bitcoin specifically and what makes you believe in bitcoin then do everything you can to get involved. When you approach DCA as an investment step, what must be done is a level of consistency in carrying out and allocating capital every period on a regular basis.

Create a stable amount and be consistent in buying every period you want and maintain this method until you have the opportunity to buy large amounts when you have a good opportunity. Bitcoin is simple and only you can increase your ownership using certain methods and strategies because other people's suggestions will work when you are willing to run and have the opportunity.

Keeping up with industry news and technological advancements can help you make informed decisions about your Bitcoin investment. It's also important to be wary of market hype and avoid making emotional decisions based on FOMO. DCA invests a fixed amount of money in Bitcoin at regular intervals regardless of price. This strategy allows investors to buy more bitcoins when the price is low and less when the price is high, averaging the overall cost of their investment over time. Protecting your Bitcoin holdings is essential for long-term success. Using a secure wallet and practicing good security practices can help protect your investment from potential threats and theft. By taking a proactive approach to security, you can ensure that your Bitcoins will remain safe and secure for years to come.

Why would you need to leave btc for altcoins?


You can do more than one thing at a time. Just know that there is a much higher chance that an altcoin goes to 0, while that's not likely to happen with Bitcoin, especially now that it is getting intertwined with the traditional system of finance and investments.

Bitcoin is not for short-term investment plans. You can't make a fortune with this overnight. You need patience, dedication, strong will and a mindset to not give up. You will be profitable eventually. Even if you miss the opportunity once, you will get one more again. There are endless opportunities with Bitcoin investment. For this reason only, there are no perfect times to enter Bitcoin investment. And its history speaks for itself.

And about the DCA strategy. Keep it the same and don't change anything. If you feel like you should invest more doing DCA, create a separate plan for that. It will help you to calculate the profits or losses more easily without making it complicated. Keep them separate so they don't mess up your investment plan.

Investing in alts does make us huge profits even higher than BTC that's because alts are more volatile than BTC but risky too. But when investing in BTC we have to be less afraid, because profit is more assured in it. BTC is considered a safer investment than alts. I won't ask you why you want to become a BTC enthusiast while you are making a profit in alts too. Are you?

Well, if you want to stay in BTC and then invest the highest part of your portfolio into BTC then your mind will remain toward BTC all the time, and you will be visiting the exchange again and again just to see what price BTC has now. Besides this, try to learn what BTC is proposing and what makes it the king of alts.  

And if you want to do DCA in BTC then DCA is a strategy, you simply have to segregate funds from your earnings, and should invest them into BTC after an equal interval of time. The following time is not restricted, nor is the funds to invest in.

Before investing in altcoins, you should have carefully calculated your risk. Altcoins are unpredictability, as opposed to bitcoin, which is certain to rise in the future and is the forerunner of every other cryptocurrency on the market. Bitcoin takes the lead, followed by other cryptocurrencies. However, it is not too late to purchase some bitcoin; if I were you, my total investment in any altcoin (risky investment) would not even equal 10% of my total investment in bitcoin.

This is what I mean by calculated risk, and it is best for you if you use it. Bitcoin is on an upward trend, which is likely to continue for a long time after the halving period. To avoid missing out, invest heavily in bitcoin now; your other altcoin investments may or may not follow bitcoin's uptrend, and you'll be bitting your tongue for not investing now that you're already seeing signs of a bullish trend in bitcoin.

Since you don't have enough money to lump sum, the DCA strategy is still one of the best to use now. While performing the DCA, try to invest as much as possible at the first opportunity to buy in order to avoid missing out on buying at a lower price. If there is enough money to lump sum during this process, don’t hesitate to do that also.

You have adopted a good procedure. DCA strategy is good. It is now up to you how you organize your planning. On a daily, weekly or monthly basis. I think . That everything will be fine if you have faith and patience.Bitcoin is a king coin. If not immediately then it will definitely give you profit after a little or a long wait. There is a good chance that the price of bitcoin will rise sooner or little later. Although you are young and you do not have much work experience but if you stick to your work, sooner or later you will definitely succeed.

Having bitcoin is the first good thing and also the bitcoin when in hold is another prior job to get into it.

Most of the trader have bitcoin but they didn't have any choice to hold it and they sell it in different prices. And sometimes they change their bitcoin holding  to another coins. But this would not be a wise thinking in all matter.

Those who hold the bitcoin till the end can earn a lot in the race of trading.

You are indeed a source of encouragement to most youths who are just focused on pleasure and entertainment. Many of them don't care about any form of investment. I want to encourage you to focus on only Bitcoin because many altcoins cannot be trusted. The price can skyrocket in a few minutes and also lose value in no time.

The right mindset to have is a long-term mindset. Don't be a hit-and-run investor because it is less profitable and more risky. Imagine if you had started DCAing since last year, your profit would have been massive. It is not still too late to start buying but don't wait till the price rises before you start investing next time. I also want to encourage you not to expect too much from the market to avoid being too greedy thereby missing out on an opportunity to make a profit.

Those coins you named are fn worthless shitcoins and their sole purpose is for traders to try and make money.  Always ask yourself, "does this coin provide legitimate utility that no other coin does.  Does it solve any current world issues in some way"?  If the answer is no to these questions (which it will be 99% of the time) than it's a waste of your time.  Trading at a high level takes skill and time..too much time.  Bitcoin provide legit utility..it's the first of it kinds and there's a reason its a 44k a coin. 

What is the skyrocket on you  because it seems that those shitcoins/memecoins you mentioned had j
ust jumped more than 20% in the last 7 days while Bitcoin is 16% so is there any big difference ? am not sure why
you are so bothered when your posting seems to be trusting bitcoin obviously , but if you really wanted to remain
supporting bitcoin?then just give it a few weeks or months then prove us wrong that we encouraged you to focus
and stay your funds inside bitcoin because the result will tell you what is good and better for your money.

How to do DCA strategy is to use the recurring buy on crypto exchanges. It is hassle free. Once you set it you can choose to buy weekly, daily weekly bi-monthly or monthly. You can find this automated buy feature on very popular exchanges like Binance, Coinbase and others. Why I like this automation is that after you have set it, you can then focus your time and energy on increasing your income thereby increasing the amount you can invest. Do not forget that as soon as you buy, send the bitcoins to your hardware or software wallet.

I get why folks chase those meme coins like SHIB or DOGE or whatever - the chance to turn a few bucks into a few grand seems too good to pass up.  And hey, sometimes lady luck smiles and it works out.  But banking on lottery odds ain't exactly a retirement strategy, right?

Now Bitcoin - there's a coin with a future and  maybe buying some here and there when you've got some spare change is the smarter play.  Like they say about the stock market - time in the market beats timing the market.  If cryptos are here to stay then no reason Bitcoin wont still be around and kicking in 10 or even 30 years.  And who knows - maybe 1 BTC will pick up a few more zeros by then too.

Anyway, just my two sats.

Listen to me dude. You need to realize what the most valuable asset is. Is it dogecoin? A meme coin that was made as a joke and pumped because Elon tweeted pictures of a dog? Is this the hard asset you're looking to hold?

Don't look at pure profit because shitcoins are volatile and one day you may hit a jackpot, but another day you'll buy it and lose 50% in a few days. Holding altcoins is like gambling. Just hold bitcoin.
I held bitcoin for the past 2 cycles and I'm happy with the results.

Start by your practice and only looking into it. So, the practice is if you still have other assets in the forms of altcoins, sell them for Bitcoin and that's not just all about having the mindset but doing it actually so you'd stay.

Depends on how you're living and earning. Do you earn weekly? Then spend a portion of it, maybe 5% weekly will do already but you can increase that depending on your availability and willingness. There's always a way how to do DCA and only you can determine that since your info isn't complete so it's difficult to give you some plans.

There is nothing to suggest because you also know about btc which is superior to altcoins, especially the shitcoin you mentioned so in this case you who have said with confidence that btc is superior just have to do what you believe is right.
DCA can be a very good option for making the investment that you are currently doing because even though bitcoin is currently in a positive trend and the increase continues to occur every day but I think if the goal is a few years from now then buying now will not lose and it is not too late to do so.

If you don't have the patience to deal with market's volatility and you always see bitcoin as a get rich quick scheme, then don't bother to invest in bitcoin anymore. You can make initial profits but seeing yourself in consistent profits is impossible. But if you really have the goals to stay in bitcoin for longer time, then motivate yourself not to be impatient and always put in mind that everything in bitcoin needs hardwork and persistency.

Bitcoin is just like any other investment that needs time and continuous efforts to see it flourish and progress. Faith is important, that's why even if you experience inevitable losses, the fact that you trust bitcoin more than any other crypto investments makes you stick with bitcoin no matter what.

If your intention is be a btc hardcore then nothing else should matter. All you need to have such mindset is not to care about how high alts are because we all know btc will always reign supreme.

As for dca, you should do according to your capability, if you have a good source of income to dca, depending on the time frame, it can be weekly or monthly.
Your goal should be longterm because as you know btc price fluctuate alot and you might not get your price target within a short-term period.

You don't need a mindset but discipline in yourself. If your aim is to stay longer with bitcoin and see yourself in progress, then never entertain negativity and always motivate yourself to grow as a bitcoiner, which means you need to take risks without being fearful and you need to go out from your comfort zone.

Bitcoin is a high risk asset and riskful journey. If you can't motivate and discipline yourself, then it's clear that your fate is not in bitcoin.

Bitcoin is the king of crypto coins and you're very safe to stay in bitcoin, especially now that bull run and ATH is around the corner, so you can't go wrong with it. But if you must buy altcoins, I'm old school, so I'd advice you to stick to it's top coins, like ETH and BNB, they will not promise you very high ROI in the shortest time, but you'll still get high value for your investment. But if you have the shock absorber for high risk, then you can gamble with new coins, they're profitable, but you never know the ones that'll diminish before you cash in.

I do suggest about on having diversification on which basing up on the coins that you've been holding then i cant really deny that most of them are meme coins but we know that meme coins could shoot up into those
high multipliers on which Bitcoin couldnt really be able to achieve in speaking about its value and this is something that cant be debated. If you are really that minding about multiple folds of investment
then your current portfolio choice isnt really that bad. Therefore, it would really be just that depending on you whether you would really be liking on sticking with Bitcoin or would really be keeping those coins that you've been holding. You shouldnt really that forget into your mind that always take profits if you do see that surge amount or value and dont tend to hold for too long but since we arent still on bull run yet
then its not bad to considering on holding those coins for now.

if you have limited money then i strongly suggest for you to focus on bitcoin only i know it might be inviting to invest on other altcoins now that they’re going up because their price is much more lower than that of bitcoin but buying right now when the price is already inclining might not be the best idea because there’s a chance that you don’t get much profit

but if you really want to invest on altcoins make sure to do thorough research and identify its potential if it can go any higher or if the price you’re seeing right now is just a result of bitcoin’s prices going up and in time will not be reached again

your DCA strategy should depend on you and your capabilities since you’re 19 i’m guessing you’re either in college or doing some work already well whatever it is your DCA should depend on how much you are comfortable investing on a regular basis

Ask yourself if you have money to DCA to Bitcoin. The plans are easy to make but the execution and doing it is what the hardest part to do.

We can give you the plans that you want to hear but upon hearing those, are you sure that you're going to follow all of it? Because with what I know, most of the people that asks advises from the other people, they don't take heed and won't follow.

That's why, you can do your own strategy on this one. Sell every stuff that you have that has no relation to Bitcoin and use that fund for buying it and in that sense, you're not going to leave Bitcoin.

BTT has a highest climb yesterday and no doubt about that as the market is showing this but about the other coins , there is a little increase
comparing to bitcoin but yeah it is not enough for me to  decide leaving BTC and convert to other coins, maybe you should chill and stop checking
the market specially shitcoins because you will surely be affected for comparison .

In the current price of Bitcoin, it's a little bit risky to invest because we are waiting for retracement to occur. It's better to wait for a pullback before you invest since the market sentiment is uptrend, it will increase the chance that the market will go to your desired direction. Motivation and disciplined is a very important in trading because you won't succeed if you don't have it. You can't be a disciplined person if you're rushing to trade, having a trading plan is a sign that you are a disciplined person. Having this personalities will help you to develop a strong fate in Bitcoin.

Your age is giving you the vibe that you need to ride the FOMO and that's not a good indication as an investor. You can't even decide for yourself so you're asking what to do with all of those shitcoins that you have and by the time that you've seen them up, you're going to leave the other for it.

The best time is now before the halving of Bitcoin, is this you that's already firm with the decision that you're not going to leave Bitcoin? Honestly, there's no need for you to leave Bitcoin or what you liked and have invested before. What you must do is to just reinvest with your new money if you ever had it.

You're still 19 and had a lot of things to do and with your investing decision now is going to determine your future with Bitcoin. Decided and investing to Bitcoin? No money? Sell what is necessary to be sold and what you don't need anymore.

I don't think it's too late for you to invest in bitcoin. You don't have to own a lot of bitcoin or satoshi to earn; you just have to watch out when you are going to do your DCA and analyse the market first. Because bitcoin is volatile, the opportunity is always there. If you can analyse and execute, then you know when to buy satoshi for your DCA. In fact, bitcoin is the safest coin if you know how to analyse the market, unlike altcoins and shitcoins, which tend to fail. You don't have to be afraid and push yourself to invest if you are unsure. Take your time; bitcoin investment is always there to be invested, so it will never be too late. I started late in bitcoin but am still earning because it depends on how you will execute in the market; it's all about you. If you are not confident enough, then build your confidence.

Mate have you read that post that you quoted ? because there is no single word there that he is planning or having second thoughts investing in Bitcoin because the truth is? he already have bitcoin and what is his concern now is about the skyrocketing of altcoins in the market that making Him think if he will continue his bitcoin holding or will transfer to other altcoins that may skyrocket first before bitcoin does.

You don't want to invest in other coins and you think that Bitcoin is superior. I wonder why you have to mention that shitcoins such as Shiba Inu and others have skyrocketed. Don't mind them. But are they really skyrocketing? It seems they're not.

Anyway, DCA according to your capacity. You're 19 years old. Do you have a job? If you don't and you're dependent on your allowance, do it on wider time frames, say, monthly or every 2 months. If you already have a job and you can do it weekly or bi-monthly, you may choose that option. Just put in your mind that you're set for the long term.

Don't sell your bitcoin to go and invest in altcoin because Bitcoin investment is safer but if you have more spare cash, you can invest only little amount into the coins in your list. Do not let investing in altcoin stop you from investing more money into bitcoin because bitcoin has a very wide market than altcoin, bitcoin is decentralized but so many altcoins are centralized, the advantage of Bitcoin in making profit is more unquestionable than altcoin.

Just trust the process, you're already invested in bitcoin already and I don't think that nothing ever is better than that, if you feel like you're FOMOing on other altcoins, just remember that people that got out of bitcoin too early and then the prices started going up again and now they're regretting it so much and then they learn their lesson and buy bitcoin again but now the price aren't what it used to be for them so they value that they've got for getting back into bitcoin again is much lower than last time that they've got in. If you really don't like the idea of having to miss out on altcoins that are going up in prices recently, I recommend that you invest only what you can afford to lose.

Long term mindset. You must be able to survive for a long period of time with BTC because bitcoin is truly the strongest currency compared to altcoins. In fact, I think buying Bitcoin at the current price is still a good decision, the future price projection could be that BTC is above 100k.

the dca strategy that many people use may be different, but I still collect bitcoins regularly from the little income I have. at least I am very confident that BTC assets give me high confidence for the future.

Bitcoin is the safest and most decentralized crypto, that's why many people dare to invest in BTC because the level of security is very good and of course it's different from altcoins which are always difficult to predict price movements and altcoins of course the risk is too high. Indeed, the profit from altcoins is always big but the risks are also very high. So in my opinion it would be better to prioritize security rather than high risk.

I think the mindset that you must have is that you must be able to see the current reality, of course you have seen how safe Bitcoin is and surely you also see that now the price of BTC is more than $ 43k, of course people are buying at past prices when BTC is expensive at the moment bull run of course there is a big opportunity to make a profit, of course for people who don't panic who sell their BTC during a bear market. Of course, it's different from altcoins because altcoins sometimes can't return to their original price, but bitcoin always creates a new ath.

planning a dca strategy of course you have to buy btc regularly, for example every month or week and of course you have to use money that are ready to lose.

The strategy that you can apply is actually not difficult. You only need to prepare money that is completely unused, or cold money. Then after that you can start running the DCA system slowly. Because now is still a good time to do DCA on bitcoin. Because the Bitcoin halving and bullish market will come soon. So you can start straight away when you already have cold money. And in my opinion, this is very mandatory to implement for the security and comfort of investing in Bitcoin.

If your main interest you have in bitcoin is because of the economic gains that you may get, then it is reasonable that you also have some passing interest in altcoins which can grow in value even faster than bitcoin, to me it seems way better that you do not restrict yourself from investing in those coins as that is what you seem to truly want deep down, what you can do is to invest a small percentage of your capital on those coins so you can limit the negative impact those coins may have if you are just becoming a victim of FOMO, but other than that I do not think there is anything wrong with investing a small part of our capital in altcoins, as long as those coins are any good.

The most important thing is how we manage our money well, increasing the risk a little, but also increasing the rewards from investing in altcoins. but indeed by diversifying assets properly we will have the opportunity to get bigger profits, if the development of altcoins is not satisfactory, it will be covered by bitcoin, which is the safest asset to invest in, as long as it is not reversed, where the altcoin investment is greater than the bitcoin investment, then this will only add to the confusion in investing

This is your choice friend, it's all about investment, once you have your money for any viable projects in cryptocurrency, it's all good for you.

As you already know, Bitcoin is superior to all other coins, no doubt about that, and this will give you the rest of your mind in your money. No matter what, Bitcoin will continue to grow and in a few months or about a year to this time, you can't have the same amount invested in your wallet again in terms of the dollar value, you might have gained or even have multiple of the money you invested as gained in the wallet. But at times, more risk might be needed and that could be gotten through altcoins, and this can amount to more gains as well. And if you are to do it like me, you will be looking for a way to diversify your portfolio. You would be looking for the best means to divide the intended money for investment into Bitcoin and other coins (altcoins).

By this, you will not miss out on either side and I am sure that you might possibly gain more than if you invested it only in Bitcoin. As I said, the choice is yours, but when you are investing in altcoins, you need to do your thorough research so that you do not invest in scams or dead projects.

To become a Bitcoin investor you first need to gain adequate understanding of investing. After gaining enough knowledge about bitcoin investment you need to develop a risk mind-set, when you have a risk mind-set then you should boldly invest in bitcoin and have full confidence in your investment and then try to hold that investment. In the beginning you have made a good decision that if you invest in Bitcoin I personally think it is a good decision for you. If you search you will find many such coins to invest in but you must find the right coin and you must have discussed the right one here. Investing in Bitcoin is very safe and relatively low risk investment when compared to other coins so you can be confident and try to gain more knowledge about investing.

Before going any further there are several points that are often one of the ideal factors for investing in Bitcoin with DCA.

The first is to ensure that your finances are stable your monthly income and personal needs are met then you can allocate the remaining funds either weekly or monthly to repay Bitcoin in an amount that you can afford.

Second, always withdraw your Bitcoin from the exchange because your goal is a longterm investment so don't leave your Bitcoins in the hands of others. You must confirm the withdrawal fee because usually this is very important for those of you who always do DCA. For example I invest once every 2 weeks and then withdraw once a month considering the high fees these days I am forced to do that.

Third, make sure the cold wallet you have and the breeding seeds are backed up in a safe place for example in a manual place by writing in a notebook or something similar.

Fourth, don't be easily provoked by bad news regarding Bitcoin which causes your investment to be doubted. If you believe Bitcoin will be profitable in the long term then filtering bad news against the price of Bitcoin will minimize your worries.

Do your research and understand why are you investing in it. It's harder when you're younger, but try to think in the long term. BTC will pump and dump a lot of times in the future. But in the long-term it will most likely melt faces. So if you want to DCA - remember that when you invest. And don't open your wallet too often. A couple of times in a day is enough when you don't have money to invest and don't plan to sell anything.

Bitcoin is king in my book..Alts are little stepping stones to help me find more BTC .
These days I don't even really use Alts to get BTC because well they aren't BTC!

staying with bitcoin or not is entirely your decision and we here cannot stop you from continuing to invest in bitcoin or not. it depends on your motivation whether you want to continue investing for profit purposes, or something else.

but what you need to remember is that bitcoin is a digital asset with potential and will be used by far more people than it is today. maybe you see that your current investment sometimes goes up or down, but don't look at the short term, but the long term. imagine 5 or 10 years from now, are you sure that investment will remain like that? i don't think so.

so because of this, use the potential of bitcoin as your motivation to continue investing in this instrument. and imagine that a few years from now you can be one of the successful people after investing in bitcoin.

If you invest in Bitcoin and hold it for a long time, it will definitely pay you the highest. We know that Bitcoin is a superior currency that reaches the highest value so if you invest in it, you can also get good amount from it. But you must be patient and wise enough to stay in Bitcoin. If you are investing in bitcoins you need to control your patience don't be emotional because if you can't control your emotions then you will never be able to hold bitcoins. That's why try to be patient and plan for a long term investment in Bitcoin as you won't get much profit in a short period of time. Bitcoin is currently climbing much higher than it has been in the past year and is growing rapidly to reach higher levels. So if you want to invest in bitcoins and hold them because there is a bull market ahead you buy and hold bitcoins. If you are expecting profit from Bitcoin investment then definitely you can use DCA method it will give you maximum risk free and you can profit if you use it.

Don't get FOMO'd with the current green market of every altcoin. Focus yourself only on Bitcoin or if you're not interested in selling your Bitcoin on this current pump in the market, you can keep yourself away from the market for the meantime while you continue investing by proceeding with your plan to do DCA strategy.

However, just a piece of advice, there's nothing wrong with investing in other coins aside from Bitcoin. If you have enough knowledge on how to identify the worthy coins in the market or if you know how to follow the flow of the market/trend you can diversify your investment portfolio and buy other altcoins you want.

If you want to plan your DCA strategy for Bitcoin, you don't need to pay attention to meme coins or other shitcoins that are not at all your target for future investment assets. Because you only need to focus on your own work to continue earning and use some of that income to buy Bitcoin again as your own investment without having to look at other coins that are increasing because the biggest potential strength in investment in the crypto space is in Bitcoin, not in memecoins like that you mentioned.

Right now is really hard because I'm sure you have some friends who are talking about their investment in altcoins and they are encouraging others to invest as well. This is not a good reason to migrate your investment or buy some altcoins because this is their fate and you create your fate as well by making your own personal decision no matter what happens. When you already have a strong desire to keep your investment in bitcoins, this sudden event won't really matter to you because you have a strong resolve that you gonna wait for the bull run in the future.

You must have a mindset like:

• Bitcoin OG: You should be as early as possible in owning bitcoin to experience its benefits; or
• Technical Expert: You need high computing specs to corrupt bitcoin.

Yes, there is nothing wrong with investing in altcoins as long as only a small amount of money is used to buy altcoins, and after investing in altcoins, even just a little, of course the feeling of fomo will be relieved a little and I personally also don't limit myself from investing in altcoins, but of course before jumping in to buy Altcoin conducts research first so that we know the potential of the altcoin, whether it has a good future or not. I agree with OP's words and it is indeed the best and safest thing to invest in Bitcoin, because investing in altcoins is of course very risky. but in this case of course the decision is in the hands of the op and I think if the op's knowledge about altcoins is still not much and knowledge about predictions and analyzing fundamentally and technically I think it would be better to just use bitcoin. So in this case of course it depends on our knowledge.

At first bitcoin is a very good project in cryptocurrency network and I believe that bitcoin every one wants to invest with bitcoin due to it increase and it's volatility is higher than any other coins, do you know that their is no time you invest in bitcoin that is not a perfect time to invest with bitcoin, and secondly bitcoin is one kind technology that you will invest and you it will be difficult for you lose the way you can lose in Shiba and other coins, but accumulating your bitcoin is something you have to do when the price of bitcoin falls but right now it seems that the price of bitcoin is increasing every day, so this is another opportunity someone who have money can invest more in bitcoins because the price might climb to 60k before January 2024

I would say that you should have a positive mindset about Bitcoin because it's a safe investment and your returns can be a sure thing while investing in other altcoins is quite risky as they can lose a lot of their value in short amount of time. The market is totally dependent on Bitcoin's price if Bitcoin rises other coins will also rise but if Bitcoin doesn't rise then others will follow it again in that case.

Bitcoin is getting a lot of attention from the investors and that's why it's a solid asset for investors and people like you and me. I would suggest you to stop thinking about other altcoins and go with Bitcoin only but still if you want to have some investment in altcoins then make sure to have less then 10% investment in those altcoins and 90% or more in Bitcoin.

I recommend you to have a simple DCA plan where you should allocate an amount of money that you would use on weekly basis to invest in Bitcoin by following that DCA plan. For example if you have $10k then you should invest at least $250 per week by following that DCA strategy as that will allow you to accumulate a lot of Bitcoin over next 10 months and you'll have good returns in 2 years when Bitcoin reaches it's all time high once again in 2025.

  Honestly, it's not too late for you to start saving Bitcoin through DCA. As long as you have the chance, just save. That is better than having nothing to save when the halving and bull run come.

  Then you are not wrong in thinking about Bitcoin and thinking that it will really increase next year. Just don't give up on your belief in Bitcoin if your only goal is to get or experience profit from it. And don't try another crypto first if you don't know how to choose the right one when the bull run comes.

Managing finances is indeed a very important thing for every person who has a steady income to do, but it will be very difficult if we don't have a steady income to be able to manage the finances we have well. If we choose to invest in altcoins of course we have to be able to do it properly. Choose the type of altcoin that has the potential to make a profit. Don't make the mistake of choosing the type of altcoin that will cause us to experience losses by buying altcoins which could be from the exchange.
I agree with you, if we have to invest more in Bitcoin and we have to be able to hold to be able to make a profit and with altcoins we can trade to be able to get daily profits.

Bitcoin is the best you can ever think of, if you can afford to invest why not than thinking twice but despite bitcoin price is going up what you also need to understand  that bitcoin market is volatile and you have to have mindset that bitcoin doesn't make people to become rich.  You don't have to get millions to start investing in Bitcoin , you can invest by what you can afford maybe by also accumulating some amount of Bitcoin. Bitcoin is more valuable than any coin you can think about it, for you to make good profit from Bitcoin investment you need to have other source of income which you depend on , depending on you bitcoin can run you investment down.

Just HODL the Bitcoin you have already, thats the mindset you need to have Bitcoin will still go up so keep Hodling and if you can, add up your positions in bits and take profit after the bull run.

Agree with this Bitcoin is the superior of all coins so nothing follows and if we say altcoins monster of them are scams so you need to be careful in order to prevent you from the scammers  we are highly recomend bitcoins for the investment rather than choosing those unknown altcoins.  And another thing 100% proven than Bitcoin can give us a good profits in the long term anyways the last decision is In ourselves and we need to choose wisely.

It's understandable to feel the FOMO but it's crucial to stick to your investment principles. Just focus on the long-term potential of Bitcoin and maintain a mindset of patience. Regarding DCA, consider spreading your purchases over time to reduce the impact of market volatility. Just the usual setting a budget for regular contributions and stick to it, regardless of short-term price movements. We stay informed about market trends and avoid making impulsive decisions based on hype. This forum would really help you but i think asking directly what to do is unnecessary. It really depends.

All you need to do is remove emotions from making investment decissions. There are always some altcoins that shoot up on a daily basis. The problem is there are thousands of coins/tokens and new are created/die every day. It's simply impossible to predict which coin will skyrocket next, so don't bother with them.
Historically speaking, betting on BTC only was a best bet. There are tons of coins that were massively hyped up in the past that are dead now, or lost almost all their value.

This thread touches on this subject: https://bitcointalk.org/index.php?topic=5418571.0

This is something that depends on your financial strentght. As your plan to DCA is critical one. If you had known the time and attention you gave to those Altcoins would have been given to Bitcoin. However, it is still possible to accumulate Bitcoin since you still have the zeal and witness. DCA us a good step but you need to understand it will take you some time to accumulate some good amount of Bitcoin in your portfolio. But it seems you lack patience and want to bag it now before the next bull run of which you feel is close then you should lump sum. That is the only way you can get handful of Bitcoin now.

My candid advice is to not hesitate if you have the money then lump sum and expect the best. But if you are low in income then patiently dca as the next bull run is not the last bull run we will experience in the history of Bitcoin. And also, it is not certain that next year will be the next bull run. Its all speculation.

Stop using your emotion because it can ruin your plan. Don't let FOMO get into you, majority of the people who get FOMOed doesn't end well. If you know that you have a good plan, try checking it back and have a confidence on the plan that you yourself had built. Focus, everything is just a distractions. I myself had been caught on bad situations many times because I failed to execute my plans because of damn emotions, being fomoed by pumps and hype, I ended up losing money and possible profits if I execute my plan well.

Remember mindset you have when the first time that you want to buy bitcoin.

You need to keep holding because many of the coins you have mentioned are meme coins and cam pose some risk to you if you don't understand how they work. Bitcoin is more safer for you to hold than many of the coins you mentioned. Forget about what's happening and how their prices is going up attracting you to think of investing in meme coins rather than Bitcoin. Bitcoin has started moving gradually and you need to keep holding until you are satisfied with the profits you had made so far before you decide to take profits andbkeeo holding some portions.

Just think of how other people's lives were changed because of bitcoin, that way you will continue to understand bitcoin and the crypto market and you will be patient more to wait for the perfect timing to buy and sell bitcoin. Of course, the motivation should also start within yourself and convince yourself that there is brighter future awaits for you with bitcoin.

However, leaving btc will only be a good choice if you think you are not ready to lose your funds. And just invest again when you have stable funds so that losses will never be an issue to you anymore.

The simplest and most effective strategy you can implement as a non-expert is HODL. That is it, nothing more nothing less.

And soon the Bitcoin ETF's in the USA will be offered to traditional investors by institutional investors. This is a very big deal and anybody who sells their Bitcoin now will only have themselves to blame once the price goes up.

And I believe it will go up. Very high up. So obviously I do not think that now is a good time to sell Bitcoin.

But, decide for yourself.

Op I think you have got a better motivation since you witnessed the current increase in the price of Bitcoin that alone should give you more reason to keep investing in Bitcoin only, unless you are in for a quick money making that's the only reason I thinkost people invest in altcoins.

You have been giving the best advice here which is to HODL strong till the price rise higher and higher so get your mind off altcoins so you won't lose your funds trying to double it fast rather continue with your DCA.

Simply put, you have to understand what risks you will get from investing - especially in the asset of your choice. This risk tolerance is certainly important to maintain your psychology in the future when prices do not match what you expect - but of course Bitcoin is the best choice in the long term.

If I were you - only one choice: Buy now and hold.
You can accumulate this way - but you also need an understanding that continues to develop over time. Then from that - there are times when you have to be yourself and not let other people influence your investment decisions.

i have the feeling why the OP has the feeling of being agitated because he is seeing other alts to be in skyrocketing stage and he is feeling of being left out. however, it is only temporary. as more then likely, it will also go down as it has no solid reasoning behind such trend.
on the other hand, btc has the upper hand among these markets. because it won't go away as it sustains its top position.

You already mentioned in your thread that you have been following DCA, which is a good strategy for me. I believe you already have a good profit if you invested a month ago. You are the one who could help me not leave Bitcoin. We could just encourage you; we can't force you, BTW. However, you already saw the power of Bitcoin, and you are one of its beneficiaries. So more good days are coming for Bitcoin. We are on a bull trend now and have the possibility of breaking previous ATHs if Bitcoin ETFs get approved by the SEC. This is enough for now to not leave Bitcoin. Who is already in Bitcoin I don't feel he should ever leave it.

I say go for it my dude and actually explore your options beyond bitcoin. Bitcoin is king but that doesn't mean you can't make bank on other cryptocurrencies on the market. Explore your options, conduct researches to find out which crypto works best for you and which ones don't. I reckon you're still at the earliest stages of your crypto so you're a little wary about which to invest which is good and natural. But I suggest you pick up your pace if you want to get into the boat soon as the bull run arrives which might be closer than we'd expect. Anywho, no pressure, don't let this distract you from the fact that you're on the right track as a crypto investor. Keep at it and you're bound for greater things, trust me on that one bud.

Yeah it superior because it's a coin leading all, and it capable of everlasting investment I'd rather go for it if I am to make an extended period investment, Since i don't have personal interest on others.

Let me tell you one thing first, you don't specifically need to stay invested only in Bitcoin to get profits and you can always have a diverse portfolio, having both Bitcoin and altcoins, all you need to make sure of is that the altcoins you are investing in are trusted and good ones so that you don't regret splitting your investment for them. It's always a better practice to not put all your eggs in one basket as that makes you have more opportunities to gain higher profits.

That being said, it is not difficult to do DCA even if Bitcoin or the overall market has appreciated pretty much, you can always start buying with a small portion of your capital and just make sure that you are keeping a record of how much you are buying and at what price so that you can sell them based on that once the market goes down and comes back up later on.

You don't diversify just for the sake of it. As much as I agree with diversifying the types of investments (crypto, stocks, bonds, gold etc), for the crypto itself, it's not like the more diversity the better. We've seen pretty significant changes in the top 10 or top 20 over the years, with many of the top coins dropping massively below the top 100 or simply dying. You can see some historical snapshots here: https://coinmarketcap.com/historical/

You don't have to choose between them if you think both of them are promising. Just continue to invest but put the highest allocation for bitcoin because it will certainly give you guaranteed profits in the end. With those meme coins you mentioned, I don't have issues with them but they are only good for short term, so make sure to have the best timing to sell them, otherwise once you're late, you'll end up selling at loss. That's the risk investing in altcoins as you can't assure profitability with long term hodling as they are only good for short term profitability.

If you don't want to leave btc, then don't. Being profitable with altcoins does not mean that you have to chose between them and leave btc for good. That's a wrong mindset. You can be both profitable with them as long as you know how to timing buying and selling them for profits.

Some people said Bitcoin price is too high, altcoins can give better profit in 2014. Some people said Bitcoin price is too high, we better buy Litecoin in 2016. It always happens. In the end it turns out that the Bitcoin price is not too high, it can go much higher.
When we said Bitcoin would be 10k dollars, some people laughed and didn't believe it at all. Now they wish it would fall to 10k dollars and they would buy it. If you look at things over a longer period of time, not from today to tomorrow, you will see that even the smallest investment you make in Bitcoin has a very good return over time. Don't lose hope and save every satoshi you can.

Planning your DCA strategy is simple and straightforward. First you have to decide how frequently, second, you’ll decide the amount you want to be investing, and lastly you’ll decide the duration of this investment plan. These three steps will help you create your strategy by yourself and you’ll be able to select what fits you maybe based on your job type or your investment goal. Also, don’t let FOMO drive you into investment. Do it because you see something in what you’re investing.

It is very simple to collect Bitcoin using the DCA method, but if we don't have a fixed income we have to be able to work hard to be able to buy Bitcoin using the DCA method and for those who have a fixed income I think this will be easier, if we can collecting them consistently, I think we will easily achieve the investment goals we have set.

What will be termed as a Bitcoin maxi is what your OP just captured. However, everyone has his or her preferences.

To DCA into Bitcoin has to do with the amount you intend to spend on buying Bitcoin over a period of time, consider spreading it across weeks or even months, depending on what you feel comfortable with, but ensure you keep it constant and tight.

But you might want to start expanding your knowledge about other altcoins also, it will help.

You seem to know a lot about Bitcoin and cryptocurrencies for a 19 year old!
Anyway, don't worry as long as you ask, "How should I plan my DCA strategy?" This means that you know very well what to do.

At the end is all about the amount of money that you can afford to risk and, eventually, lose. Bitcoin has a big capitalization so it requires a lot of fresh money to go up while altcoins, on the other hand, having way smaller capitalizations (excluding the main ones) are easier to move. The problem is that you have no way to know if someone with huge quantities is going to dump them all together, and the price will go down a lot. If you want to take a small risk on the altcoins anyway this could be a good timing, there is a good possibility for an incoming alt season. Just don't forget that the main goal at the end is to have bitcoin.

It’s not easy for anyone, I think. Sometimes we think it’s about who is earning the most but that isn’t true. You could be earning a lot of money but you have responsibilities with 2 times the size of your income. I think it’s all about sacrifice. Even those who earn a lot, you never can tell what they cut off just to make that investment and stick to it. So, even if you don’t have a fixed income, it’s possible and it’ll show because you’ll make attempts.

Are you surprised he knows about Bitcoin for a 19-year-old? bitcoin is not invincible anymore a lot of people have adopted it and majorities are the young ones. He is above 18, in my country he is up to the age to make decisions for himself. So if he is interested in bitcoin and doesn't want to leave it. I think what he needs is advice and financials support from whoever he can ask from.

I just left a thread where a user allegedly said he is 2004, that’s 19 years too. I think bitcoin and cryptocurrency as a whole bas grown so large that age doesn’t matter because you must have heard it somehow. Did we not see a thread that showed cartoon of Bitcoin for kids? So, we already expect kids to know about bitcoin let alone a 19 year old. I’ve dropped my opinion before now and I hope it somehow helps him tho.

It's understandable to feel FOMO amidst the surges in altcoins. Your commitment to Bitcoin is commendable; it's essential to stay focused. Adopt a long-term mindset, recognizing the unique strengths of Bitcoin. Diversification is a personal choice; if you believe in Bitcoin's superiority, stick to your conviction. For a DCA strategy, set a budget you're comfortable with, perhaps a percentage of your income. Regularly invest regardless of short-term fluctuations, ensuring discipline in your approach. Keep informed about market trends, but remember, your plan should align with your goals and risk tolerance. 🚀💡

Trust and patience are crucial if you're going to invest in Bitcoin. That's how you can bear to continue holding and not be tempted to sell until the price reached your desired price to take profit. But of course you need to dig deeper first to know what you're getting into. If you already gain knowledge then have plan on how you would like to accumulate Bitcoin. On the other side DCA strategy is good since you don't have to mind the price before buying and it's best for long term gains.

If you have a lot of money, then you should invest in btc. Because btc is the first digital crypto currency in the crypto world. But in my way, I invest as like btc 60%,  eth 10%, bnb 3%, shib inu 10%, waves 7% and also buy 10% of under rated crypto currencies like doge, pepe, floki etc. But it's your money, so you learn and analysis and invest in your knowledge.

You are not mistaken that bitcoin is indeed superior to altcoins or cryptocurrencies in this industry field. Also, it is not too late for people who are interested in investing in Bitcoin because it is already proven and tested in long-term holdings in the crypto space.

So start doing dca here too before it's too late for you. Don't be like others who think that when it's too expensive, you can think about buying bitcoin, which for me is too late to make that decision.

Safest of all cryptocurrencies is Bitcoin as it has defile all negative speculations and still waxing stronger regardless how volatile the market is. Other Altcoins promises instant profits which never happens most times and loss of investment therefore will advice to stick with Bitcoin as come 10 years from now your invest me still safe.

For DCA plan according to what you have.

The solution is easy. You just have to compare the advantages that Bitcoin has with the advantages that Altcoins have. From here you must have understood that Bitcoin is definitely superior. For example, bitcoin is decentralized, has a small supply and has a very high market capitalization. So if you understand just these points, I am sure you will definitely stick with Bitcoin and will not switch to Altcoins. Apart from that, don't doubt your own confidence in Bitcoin. Because even though you understand the points I wrote, if you still don't have total confidence in Bitcoin, you could be influenced by Altcoins.

This kind of mindset:

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If you think BTC is going to hit a new ATH, DCA isn't the perfect strategy, because it will take a long time until you invest a considerable sum of money in BTC. If you have larger amounts of funds right now to invest, don't wait too long to purchase BTC and don't invest in low dosages, rather buy and accumulate the maximum you can in a safe wallet you have total control over your coins.

But remember: I'm saying this in the scenario you mentioned, that is Bitcoin close of a new ATH soon. However, if your budget to invest is limited, do DCA as usual. It's better than nothing and the best you can in your currently conditions. Just take it easy with your investment not asking too much from yourself, as you had the world over your shoulders. Do your part and expect for the best.

I totally agree. I would say to that young boy to use wallet of satoshi when he decides to buy bitcoin using lightning network.

Aslong is Btc don't bother yourself that much. You already holding right? So there's no issue just keep holding it don't let FOMO affect your investment. Yeah is better to just invest all your funds you have for investing in Btc alone that will ensure you more profit with lesser risk comparing to other coins.

Btc halving already at corner so just exercise more patient because this investment is surely a long-term investment almost after all Btc halving Btc always experienced a great bullish momentum.

If you Invested in bitcoin then you're safe as long as you're not risking your financial asset on altcoins you're not sure about, bitcoin will always exist and appreciate by rising up to a new level, the additional advise i must give you is to allow yourself be in control of your financial asset by not keeping your money on centralized exchanges, move them to a cold storage like Electrum wallet, blue wallet or get an affordable hardware wallet, not your keys not your coins.

I can personally relate and I can tell you for sure that it's usually not easy to look away from those shiny altcoin specially when they seen to be doing more Xs than bitcoin.
And personally, I wouldnt say that it's completely bad to invest in them, but for a newbie who is just getting started in this space, investing in altcoins is usually a risk do not want to take, since Bitcoin is always a safe heaven and it's very hard to lose money in bitcoin.

So, what I did say is that, you just look away and give all your attention to bitcoin and bitcoin alone, you don't need any special kind or type of mindset to ignore altcoins and focus on bitcoin, it's a matter of decision, that is, what exactly you have decide to do and you are determine to stick to it.

And speaking of DCA, this, I believe should depend solely on how much you earn and how you earn, for example, if you have your own business and earning every day, then you could set out a percentage of your profit and use it to buy bitcoin every day, but if you are working and earning every week, or monthly, each time you get your salary, decide how much you wanna take out and buy bitcoin, and also remember to set your target at what price range you should be comfortable buying from, until bitcoin leave or grows above that price range completely, then you can decide whether to stop and hold what you have, or find a new price range and continue buying.

Cold storage is a good solution for a long term storage, so for someone who is patient and not constantly looking at price charts. OP is showing a mindset closer to a day-trader, someone who is chasing quick profits. He should probably sit himself and have a think on what is he trying to achieve by holding crypto and how much risk is he comfortable with. Otherwise he'll be in almost constant distress of not knowing if and what to buy and when to sell.

Investing in Bitcoin requires nothing more than the mindset you currently have. However, whether you choose to use the DCA method to invest in Bitcoin is entirely up to you. But in case of DCA if you earn weekly then invest weekly using DCA and if you earn monthly you can invest monthly. DCA Investment depends on your income amount weekly or monthly.

Bitcoins aren’t for beginners to be honest. You are easily getting lured by other coin’s mini price jumps. Just do a little analysis and you yourself will see what Bitcoins are capable of. I know Bitcoins haven’t given sudden returns like the other alts are doing but still the ROI is great if someone has invested in 2018 or so. You need to also understand that the amount of returns with less days also come with high risk of getting into losses. Hence staying loyal to Bitcoins will be fruitful. These coins are limited in numbers, so buy and hold it for long term to yield the maximum profit.

op I agree with you. Because the best way to invest is to invest in Bitcoin. But you have to keep in mind that Bitcoin is risky. When it comes to Bitcoin investing, you must have a long-term plan. Long-term planning with patience is very positive for Bitcoin Binos. Best of luck to you of course

I think each risk just needs to be understood without being afraid of it so that it makes other people feel reluctant to invest in Bitcoin. Because Bitcoin is a very good currency and is able to provide quite a lot of profits to those who have invested in any trend to date, so there is no need to be afraid of risks because in all jobs in terms of seeking profits there are always risks. So we just need to understand it so we can take steps to avoid it when the market trend starts to change for the worse, but if you are still very patient with that risk, I don't think there is a need to avoid it like people who panic.

I'm not aware yet that those coins you mentioned are now sky rocketing. I guess I'm too much focused on Bitcoin, and then it only happened earlier, so not many people in the forum are posting it yet. The reason on why it happened were maybe because of BTC's performance nowadays. It's also rising consistently and reached this far (its current value which is at $40k something).

If you think a FOMO is coming, then don't join it, because it's not good. But what you think about BTC right.  There is nothing wrong with your mindset. Just continue that mate, and I'm sure you will be successful soon on this venture you are having now. And yes, you can do a DCA if you haven't yet.

Since you know that bitcoin is superior than every other coin you have to stick to this mindset , I think this is evidence for you to know that it is best to invest in bitcoin than other coin. If you make your research and check bitcoin market history it is a proof to see bitcoin is most preferable coin to think about to invest. Invest in bitcoin and you won't get dissapointed if you hodl for the bull market which will yield profit for your investment.

after 10 days now  , have you decided what to do or what is your stand now? because you seemed to be overreacting to how those Memecoins acted and even calling them Skyrocketed , do you even understand the word Skyrocket in crypto?
and also I wonder why having second thoughts in bitcoin , how long have you been holding your bitcoin and from how much have you bought them?
because Bitcoin even have its own High Jump from 20k level and now to 40k and growing so how much are we talking here?
that you are being bored in bitcoin to be in altcoins?
that is the problem with people who does have trust in what he seems to believe , sad but reality .

I think it's easy for you to stay on the main path to continue using BTC as an investment option. and when you use DCA as a strategy, consider it periodically with allocation of funds that are truly free, meaning it is connected to other needs and continues to be updated, where spikes in BTC prices in the market can always occur.
     

Don't focus so much on the moment, FOMO is always going to be an issue if we focus only on the small picture. It's better to take a step back and look at the whole story. We should remind ourselves where the bitcoin journey started and that it's not going to end any time soon. The bitcoin price had such a good last few months and seems to be holding his gains quite well. After the jump above 40,000 USD I was a bit afraid that many investors would take profits and dumb most of their coins. Luckily this wasn't the case and investors believe in higher prices in the future. There will always be a few people that need money quickly and will sell there coins when there is a good opportunity. For me, I would try to look at the bigger picture. We are still far away from the ATH, there is a lot of upside potential left in the market. Also, the halving is coming up next year putting more pressure on bitcoin to rise. On top of that is the economic outlook for 2024 not that great, if there are issues with economy or another crisis, people will have to put their money someone. Selling stocks seems like the instant reaction, but cash is not attractive with the high inflation and gold is at it's ATH. Crypto currencies and especially bitcoin seem like the only real alternative.

Bitcoin price will surely rise to the highest price again so it is not bad to invest in it for long term.  You won't get guaranteed profit from other coins and you won't get guaranteed profit from Bitcoin either, but with the history we have seen of Bitcoin in the past, it is expected that Bitcoin will not disappoint you in long term investment.  So stick to the fact that you avoid other sheetcoins and invest only in Bitcoin.  And of course DCA is a good strategy because it saves you at least one big loss

You know, dude, this is just a friend's advice. No matter what belief you have in Bitcoin, whether you are deep or shallow in it, you must be convinced by yourself, not because of what others have told you to stay here.

Ours is like a second opinion, which is where you should first believe your belief in Bitcoin and why you want to hold it long-term. You should already know the answer to this question, and you should know what stance you have on Bitcoin. I hope you get my point, dude.

Simple people must have an understanding of making a profit from any coin and if they are the type of person who doesn't like being at risk then Bitcoin is the right place.
Even though there are risks in investing in bitcoin, the profits have the power to recover and that is why people view bitcoin as a promising investment.
Other coins have big risks, especially if someone does not have the ability to analyze the coin's journey and this is the problem because people think they are looking for quick profits by getting involved in other coins.

For this reason avoiding shitcoins is a step to maximize losses because not everyone has the knowledge to analyze the journey of certain coins. If you think shitcoins can generate big profits then people need to learn more about getting involved in them.

Well investing in Bitcoin for the long term is a viable strategy given its history and potential for growth. While guaranteed profits are not assured, Bitcoin's track record suggests it could be a reliable investment over time and embracing DCA would help too. It's just important to conduct thorough research and consider diversification in the cryptocurrency but avoid shitcoins.