A Saving Plan

[luca1073]

Today i decided to splash on a 0.05 BTC purchase (when it touched 4800-5000$), given the low prices. i was reading the comments on investing.com. people saying the same old things: "Bitcoin is finished, crypto is doomed, the intrinsic value is zero, your ponzi scheme is imploding " bla bla bla. price may go down some more, it is true but i'm watching the whole thing in a very detached way

[luca1073]

reviving a bit this thread after the crypto winter hibernation(or are we still in it?). my plan is continuing. I've saved a total of 1.53 BTC plus approx. 1.10 BTC in altcoins. is it imbalanced? my opinion is that between the end of 2020 start of 2021 and 2024 Bitcoin will reach very high prices

[Bitcoinwaist]

reviving a bit this thread after the crypto winter hibernation(or are we still in it?). my plan is continuing. I've saved a total of 1.53 BTC plus approx. 1.10 BTC in altcoins. is it imbalanced? my opinion is that between the end of 2020 start of 2021 and 2024 Bitcoin will reach very high prices

Nice going. Looks like your plan is working out well:)
What i wanted to ask you is when we moon do ypu have an exit strategy?

[luca1073]

reviving a bit this thread after the crypto winter hibernation(or are we still in it?). my plan is continuing. I've saved a total of 1.53 BTC plus approx. 1.10 BTC in altcoins. is it imbalanced? my opinion is that between the end of 2020 start of 2021 and 2024 Bitcoin will reach very high prices

Nice going. Looks like your plan is working out well:)
What i wanted to ask you is when we moon do ypu have an exit strategy?

well, my exit strategy would be to change an important sum into fiat if it's worth it during a big pump. but always keep some BTC for the future. of course if for any reason I will need money this idea should be revisited. but probably adoption will be big enough that I will not have to exchange all my BTC for fiat (hope not). I may change altcoins into BTC if they skyrocket in relation to BTC. it's just ideas but for now I'm a pure HODLER

[jho0810]

I have a small plan and i would like to ask your opinion about it. I have already accumulated approx. 1 BTC by buying small amounts here and there (also through faucets) but constantly. I have approx 0.70 btc in other crypto(bought cheaply in the past) but i plan to exchange in btc later if needed and if worth it. My actual plan is to buy daily fractions of btc ad long as price stays below 10.000$ / Btc and stop if and when surely it will go above that level. Basically i' m taking advantage of BTC "cheap" prices to speculate on the future value (probably a few Years) for future spending, selling, or simply storing it. What do you think about it? I want to set a limit somewhere and i think if price stays above 10.000$ it will mean that banks and institutions will have entered the market already and i will simply enjoy the profits. Does it seem like a good plan? i really believe that Bitcoin will become very very valuable in the foreseeable future.

Your saving plan is good however it depends the situation and the price of bitcoin but if you want buy, I think this time is great time to buy because as you can see the price is dropping so it's good time to grab the opportunity.

[eroejoe]

reviving a bit this thread after the crypto winter hibernation(or are we still in it?). my plan is continuing. I've saved a total of 1.53 BTC plus approx. 1.10 BTC in altcoins. is it imbalanced? my opinion is that between the end of 2020 start of 2021 and 2024 Bitcoin will reach very high prices

You are doing great, from 1 BTC to 2,63 BTC is successful story, especially in bear market. I think that you should stay within your own rules in trading, because you are doing really good so far.

[luca1073]

Thanks for the encouragment guys!

[Naida_BR]

reviving a bit this thread after the crypto winter hibernation(or are we still in it?). my plan is continuing. I've saved a total of 1.53 BTC plus approx. 1.10 BTC in altcoins. is it imbalanced? my opinion is that between the end of 2020 start of 2021 and 2024 Bitcoin will reach very high prices

The balance or the differentiation of your portfolio is up to you. I don't think that there is a correct balance in hodling Bitcoins or another altcoin. Sometimes alts give more profits that bitcoin does. It is positive that you keep growing your portfolio and you have accumulated more fractions of crypto to your balance, you may end up with more profit in the end.

[iMark]

reviving a bit this thread after the crypto winter hibernation(or are we still in it?). my plan is continuing. I've saved a total of 1.53 BTC plus approx. 1.10 BTC in altcoins. is it imbalanced? my opinion is that between the end of 2020 start of 2021 and 2024 Bitcoin will reach very high prices

Nice going. Looks like your plan is working out well:)
What i wanted to ask you is when we moon do ypu have an exit strategy?

everyone has an exit strategy dude, they have a target price to achieve and sell it. it is the thing that must be done by every
investor and holder but they will definitely come back again and buy again when prices fall again.

[buwaytress]

reviving a bit this thread after the crypto winter hibernation(or are we still in it?). my plan is continuing. I've saved a total of 1.53 BTC plus approx. 1.10 BTC in altcoins. is it imbalanced? my opinion is that between the end of 2020 start of 2021 and 2024 Bitcoin will reach very high prices

That's... actually really amazing if I say so. You started with in October and not only added 1.5 BTC but 0.4 BTC i alts.

That's four months and then some days, and you're much better off than where I am/was with savings. Probably a bit tougher in my case, since I actually earn in Bitcoin, and I had extra expenses ate into my savings. The year end plus an emergency really hurt me badly thanks to low btc prices. It teaches me that I should also put some savings aside in fiat, so I can use THAT for emergency for the next year (this year) should it come.

That's my suggestion to you too - save as much as you can, as a normal person would for financial planning, but keep some of that savings in hard currency (not that Bitcoin's not hard).

[Vaskiy]

The saving plan suggested is truly good, and this will help in long term profiting. Small droplets make a big ocean, same is with our bitcoin. What we save as a regular investment surely turn big in the long run. The same when we invest into cryptocurrency will profit big as growth will be high with regards to time.

[Question123]

Most of the investor now are take advatanges to buy bitcoin because they can earn more money in the future once the bitcoin. Lower 10,000 dollars planning to buy is very nice and for sure you will get more bitcoin now because it's lowe than $5000 and I think those people needed to be hurry up because for sure in the next few months it will increase the price very high.

[jvdp]

Most of the investor now are take advatanges to buy bitcoin because they can earn more money in the future once the bitcoin. Lower 10,000 dollars planning to buy is very nice and for sure you will get more bitcoin now because it's lowe than $5000 and I think those people needed to be hurry up because for sure in the next few months it will increase the price very high.

Your prediction is comes true in future, But 10k USD is not a small amount so peoples are panic to participate in Bitcoin investment.
I prefer altcoin investment because Ethereum and some other altcoins also make great return in next few months so Bitcoin is only for long term investment and altcoin is the best investment in this scenario.

[semobo]

Actually this is the plan used in early days when the price of bitcoin is at single or double digit with no hope price will be increasing in the future but lot of people just bought with what they had,so if you trust bitcoin then buy it and hold it for long term.

[ophyrim]

I am following a plan like yours. I have also BTC and alts in my portfolio and I will accumulate alts until the rise of the alts. And then I want to sell them to buy BTC one by one.

[luca1073]

Reading all your replies, tips and positivity cheers me up. As I said in other posts I really believe in this my guts tell me there are 80% chances that BTC will go to very nice highs in the future and the more people adopt cryptocurrencies in the near future, the faster and higher it will go. it's probably better if the growth is slow but steady but there will be pumps and dumps during the way for sure.. there are so many detractors in bitcoin screaming at ponzi and telling us that the only real money is what central branks print and that everything else is monopoly money. satoshi proved them the contrary. we are in crypto winter and the industry has a market cap of 141 billion $ today (feb 24 , 2019). it's huge but still relatively small. the foreign exchange market deals with 6 trillion $ daily. bitcoin is still nevertheless in its infancy but gaining momentum and in my opinion, it will go higher and higher. we are still in the early stages.
 

[Chikitita2004]

Congrats for acquiring a whole bitcoin already. You have a neat plan, let's just hope that the market will favor us this coming months. I also have some coins in my wallet and since you've mentioned you're going to exchange yours into bitcoin, I am also thinking of exchanging mine but my problem is the price right now is totally no good so I will wait more.

[LUCKMCFLY]

At this time it would be very good to keep Bitcoin, as a source of savings, until the market starts its upward trend, because at this stage that we are experiencing now, the price can range between 3000 USD and 5000 USD, which represent areas of opportunity . If you can keep the investment in the long term you will have great benefits.

[teilwalL05]

At this time it would be very good to keep Bitcoin, as a source of savings, until the market starts its upward trend, because at this stage that we are experiencing now, the price can range between 3000 USD and 5000 USD, which represent areas of opportunity . If you can keep the investment in the long term you will have great benefits.

Just like these Bitcoin Meme's I still believe in Hodling your bitcoin, Like all of us in the forum, are saying that this investment is for the long term only even if you buy it when the price is at $19,200 USD it is not the end for you but to have faith and only hodl bitcoin stay calm even if the bull trap you, I always believe in keeping on buying because the price will still continue to surpass the recent All time high, Don't lose hope, And as you say that the price will sure range to $3000, $5000 or even $2000 value this year I will keep on Hodling because there is still an upward trend that we should be waiting.

[RivAngE]

Today i decided to splash on a 0.05 BTC purchase (when it touched 4800-5000$), given the low prices. i was reading the comments on investing.com. people saying the same old things: "Bitcoin is finished, crypto is doomed, the intrinsic value is zero, your ponzi scheme is imploding " bla bla bla. price may go down some more, it is true but i'm watching the whole thing in a very detached way

It's usually around that time when any kind of investment explodes... but I believe it's not the time yet. We still have a lot of mosquitoes in the ecosystem, draining its strength.
We have to more down and when most will believe these headlines, only then will the mosquitoes go look elsewhere for food.