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Author Topic: Bitcoin investment with lump sum or regular small amount  (Read 517 times)
KourtneyK
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October 13, 2017, 02:21:11 PM
 #21

I think it is much better to purchase Bitcoin when its prices are low and if it goes down more then you buy them again. But at the end of the day, the decision still boils down to you if whichever you think is more profitable on your side.
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October 13, 2017, 02:34:33 PM
 #22

Considering those options above, choosing between huge quantities and small amounts, i think i would go to smaller amounts when in the case that i am still a newbie in trading or investing, its because you cannot determine whether its the lowest, middle or at peak price, then you should research further for more informations.
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October 13, 2017, 02:35:25 PM
 #23

Hello,

While investing in stock, commodity, bitcoin, alt-coins, forex etc one could go with
1: Lump sum purchase of big amount. Purchase bitcoin in quantity when price is comparatively low that previous weeks. Purchase date, timing could be adjusted as per individual suiting.

2: Other way is to follow the SIP that systematic investment plan. This SIP will purchase bitcoin  worth $100 or whatever predefined amount. So monthly purchase of fifty dollars or convenient one worth bitcoins will be purchased. Irrespective of price of bitcoin at that time.

 What do you think which one works best in long term? and which one works in short term? Which will earn better profit?

I'll go with option 2 for long term. Option 1 is a bit tricky, with bitcoin you can't pretty much pinpoint or target a certain timing in pricing. Also, take note of some potential dips that can be a great source of profit. Buy at a low price, hodl for a while and sell.

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