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Author Topic: A Saving Plan  (Read 14292 times)
Gaff
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March 01, 2019, 08:34:14 AM
 #81

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.
Yeah that's a very determined statement to hear from you mate, and I believed upward trend is worth waiting for right now. If we speculate for the possible price surges, definitely price will have to move in an astonishing behavior which will provide us more hope in crypto. Even the dip price will make the situation worst, trust with bitcoin is still very important in order to remain a long term holdler.
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March 01, 2019, 09:45:37 AM
 #82

Yeah that's a very determined statement to hear from you mate, and I believed upward trend is worth waiting for right now. If we speculate for the possible price surges, definitely price will have to move in an astonishing behavior which will provide us more hope in crypto. Even the dip price will make the situation worst, trust with bitcoin is still very important in order to remain a long term holdler.
NO, some panic seller may just benefit after the current market trends. If one were able to sell while bitcoin and other crypto still going down then definitely buying back at cheaper market price would benefit the holder in the next cycle of bitcoin market price. Relatively there could be a high chance that panic seller in the near future will get huge profit.

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March 01, 2019, 08:36:59 PM
 #83

Yeah that's a very determined statement to hear from you mate, and I believed upward trend is worth waiting for right now. If we speculate for the possible price surges, definitely price will have to move in an astonishing behavior which will provide us more hope in crypto. Even the dip price will make the situation worst, trust with bitcoin is still very important in order to remain a long term holdler.
NO, some panic seller may just benefit after the current market trends. If one were able to sell while bitcoin and other crypto still going down then definitely buying back at cheaper market price would benefit the holder in the next cycle of bitcoin market price. Relatively there could be a high chance that panic seller in the near future will get huge profit.
One of the things that is sought in this period of accumulation is that bitcoins holders, sell their bitcoins at low prices due to panic, that is why bad news is often presented, this accumulation phase is very important. Those who do not understand the market very well tend to be tempted.

 
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March 01, 2019, 11:15:04 PM
 #84

Regular spending on bitcoin for a longer time period unlike the price difference happening with time is a best saving plan. Here it gives the user with the best in the market and provides with ease on investing as we don't know when is the bull market or the price pumping gonna get initiated.
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March 02, 2019, 02:59:40 PM
Merited by mirakal (1)
 #85

Monthly saving has always been the best method since the early days of humanity. Even merchants that existed before money was created managed to find a way to save on each sale instead of reinvesting or spending everything. Roman times there were many people who have done trades and such and bought places for future profits with each of their income, of course that took months for them to get something from place A to B and come back but they still did it.

So, in today's world smartest choice would be if you are american just put up your credit card on coinbase and give an order to buy x amount of (decide on how much dollar) bitcoin every month so you can save for the future without having to worry if price is going up or down since you will buy from all prices.
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March 03, 2019, 08:22:51 AM
 #86

Congrats for acquiring a whole bitcoin already.

1 whole bitcoin is useless if the market will constantly fluctuate and price will still drop down  .  we must not count our investments because that is a badluck ( older people says )  just leave them all in your wallet and comeback once in a while  .

Regular spending on bitcoin for a longer time period unlike the price difference happening with time is a best saving


You dont save when you spend  regularly.  you can only save when you spend wisely or rarely when you only need to buy stuffs that are really necesary  . hodling your coins passively is a one sure way of saving   .
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March 03, 2019, 09:12:22 AM
 #87

IF thats the plan then you may accumulate more these days as bitcoin is just more than below 10$k?sitting actually below $4,000 and very cheaper for your plans so buying today will bring you more profit years after

You have give me good idea on how to make a good income in future by buying little amount in this bottoming time,since we all know that after the dumping is pumping next.

Hope to see the outcome of your strategy in the near future mate

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March 03, 2019, 09:45:29 AM
 #88

You have give me good idea on how to make a good income in future by buying little amount in this bottoming time,since we all know that after the dumping is pumping next.
Not all dumping happen is there a next pumping, there's some time that it is a stable range in the market and we don't know the exact flow price in the market. A saving plan is good if you don't rely on your expenses in saving, you can wait until your profit was there and patiently wait when the market recovers itself.

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March 03, 2019, 04:15:54 PM
 #89

NO, some panic seller may just benefit after the current market trends. If one were able to sell while bitcoin and other crypto still going down then definitely buying back at cheaper market price would benefit the holder in the next cycle of bitcoin market price. Relatively there could be a high chance that panic seller in the near future will get huge profit.

Panic seller? Benefitting? Panic sellers never benefit in the long run simply because they may sell in panic and somehow make profit, but they will lose it all again when they panic fomo buy back in.

IF you trade with emotions and without strategy, then trading is not for you. Therefore, OP's plan is best. Just have a savings plan and price doesn't matter at all, and at the end of the day you still have Bitcoin to call your own.

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March 03, 2019, 06:30:41 PM
 #90

NO, some panic seller may just benefit after the current market trends. If one were able to sell while bitcoin and other crypto still going down then definitely buying back at cheaper market price would benefit the holder in the next cycle of bitcoin market price. Relatively there could be a high chance that panic seller in the near future will get huge profit.

Panic seller? Benefitting? Panic sellers never benefit in the long run simply because they may sell in panic and somehow make profit, but they will lose it all again when they panic fomo buy back in.

IF you trade with emotions and without strategy, then trading is not for you. Therefore, OP's plan is best. Just have a savings plan and price doesn't matter at all, and at the end of the day you still have Bitcoin to call your own.

It is true, the panic in the trade is the first enemy of the merchant, it is necessary to trust in the analysis of the market that is carried out, so he will not hesitate to enter the market with a really good position, the worst thing that can happen is that he arrives Stop Loss .... From there, some type of learning will emerge, and if it is earned, it means that the perception of the market you have is correct.

 
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March 03, 2019, 10:15:06 PM
 #91

I like your plan. I think that it is good, simple strategy. To set upper bar on 10 000$ is okay, if we take in consideration bitcoins ATH and assumption that it will reach that value again. Although it would be much effective to invest large now, when the price is standing on this margin, and achieve bigger profit, I am aware that not everybody can afford such a move. Therefore, taking small steps is good second choice solution.
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March 04, 2019, 07:53:30 AM
 #92

For me it is a good plan I really like it,
And I also plan to do it but before I start I want to pay all of my debt first before saving money.

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March 04, 2019, 11:02:24 AM
 #93

Actually this is not a saving plan, it`s investment plan, you have your saving into some investment, in this case bitcoins. It`s risky, like all other investments, risk is just lower or higher, but gains in the end differ too. We all learn as we live, recently I saw something interesting about saving, and how saving can`t get you far, but learning how to make more, to earn more than you spending is the key for success. In this case you actually don`t save, your savings are different investments, more of them makes you safer, and each of them have potential, lower or higher, to make you filthy rich.

 
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March 04, 2019, 04:42:36 PM
 #94

It seems to be a good plan, strategy works everytime and this something cool and I hope it will be a useful tips to the Panic sellers. Because they are the one who sell in a hurry after seeing some links in this forum.
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March 05, 2019, 11:47:57 AM
 #95

A plausible and realistic plan. The attitude of OP is very good, believing onto something and realizing that it should go gradually. Not like those people that have been thinking that bitcoin is a quick rich scheme and will bring riches to them overnight. OP is the typical investor that understands what he does and he should be an example to those investors that are thinking opposite about bitcoin. I'm wishing you all the best and keep on going OP, we're near to the top.
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March 07, 2019, 02:34:12 AM
 #96

You have indeed a good plan and I envy your courage into it. Buying bitcoin every time it's below $10,000 is sometimes effective. But not all the times. I mean, when you bought it at $8500 but it goes down eventually to $3,500. Then, it is not a good timing.
Why don't you use some indicators to at least have a guide and knowledge of the price of bitcoin will go bearish or bullish.
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March 14, 2019, 12:14:07 AM
 #97

Thanks for all the comments and posts guys. I guess we are many here believing in this. I kept buying small amounts these days, the weekly 200 MA is close so it is risky of course but it is also refreshing to think that we might (I say we might) have reached a bottom at around 3000 $. About the Hodling part I'm pretty used to this as I have made my blood "colder" with forex trading. I have had in the past many bad trades float without any stop loss there and people said I was crazy, and I said "price is within range, it will go up to the previous price" and so it went(pheew). never lost a dime in forex but I've stopped for now. I believe Bitcoin is less risky than forex and I don't daytrade bitcoin , i buy it for real. I'm also happy to be part of the future of money Smiley
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March 14, 2019, 02:37:42 AM
 #98

Monthly saving has always been the best method since the early days of humanity. Even merchants that existed before money was created managed to find a way to save on each sale instead of reinvesting or spending everything. Roman times there were many people who have done trades and such and bought places for future profits with each of their income, of course that took months for them to get something from place A to B and come back but they still did it.

So, in today's world smartest choice would be if you are american just put up your credit card on coinbase and give an order to buy x amount of (decide on how much dollar) bitcoin every month so you can save for the future without having to worry if price is going up or down since you will buy from all prices.
It's a good idea, it includes long-term investment too, in my opinion. many people want to find ways to save their money from their monthly salary, but what they do is keep save it in the bank even though in the future the money they collect will probably decrease in value because of inflation, the best all they have to do is buy bitcoin every month for their future
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March 15, 2019, 10:14:35 AM
 #99

It seems to be a good plan, strategy works everytime and this something cool and I hope it will be a useful tips to the Panic sellers. Because they are the one who sell in a hurry after seeing some links in this forum.
I think this strategy is good if the person can find out some coins that have the potential for price increases like in Bitcoin, but if the case from OP is trapped in altcoin or shitcoin and must implement a safe plan for the long term then it will give a very high risk of saving coins that have no clear development.

mirakal
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March 15, 2019, 11:04:37 AM
 #100

You are doing just the right thing, buying below $10,000 is a good technique because for sure we will again reach that price.
Not only buying should be the focus, you also need to ensure that you have a very precise plan to sell at the right timing, buying and holding alone will not make us successful investing in crypto.

 
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