BTC Strategy

[JayJuanGee]

The best and most safe way is to simply set aside, a set amount each month, buying during the good and the bad times. Dollar cost averaging is your friend.

Every month one should be investing in the coins which they think will grow in future and this will help us to build a portfolio for ourself and also the price would get averaged out as at times it would be less and at times may be higher etc .This could be a way for many people to o buy as not everyone can buy at one go .

Its is good strategy for long term holder but definitely not the best to make more money from investment,I will say while making money for investing on bitcoin every month they also need to explore other crypto earning way like trading and they need to try it also to make more money but with less capital which is not needed for the investor.

Yes, the strategy emphasize by the above members was not applicable for bitcoiners who dont have much investment capital and it not must for investors to buy coins every month because the market status is what will determine the time of investment because crypto investment profit are determine by the time of entering and exiting the market. Besides, accumulating more coins dont work for all investors and ones must always apply the strategy that usually bring more money to his table.

It sounds like you are advocating an attempt to time the market, suzanne5223, when there is decent evidence that dollar cost averaging into bitcoin is likely to pay off a lot better than either playing around with timing of the price or even playing around with other coins (and I cannot tell if you are suggesting to play around with coins, other than btc). 

In other words, continuing to accumulate BTC and to hold BTC is likely the best strategy, so long as you do not invest more than you need for ongoing expenses, including planning into the future and having some kind of emergency reserve fund.

[1715242764]

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[1715242764]

1715242764

[gabmen]

The best and most safe way is to simply set aside, a set amount each month, buying during the good and the bad times. Dollar cost averaging is your friend.

Every month one should be investing in the coins which they think will grow in future and this will help us to build a portfolio for ourself and also the price would get averaged out as at times it would be less and at times may be higher etc .This could be a way for many people to o buy as not everyone can buy at one go .

Its is good strategy for long term holder but definitely not the best to make more money from investment,I will say while making money for investing on bitcoin every month they also need to explore other crypto earning way like trading and they need to try it also to make more money but with less capital which is not needed for the investor.

Yes, the strategy emphasize by the above members was not applicable for bitcoiners who dont have much investment capital and it not must for investors to buy coins every month because the market status is what will determine the time of investment because crypto investment profit are determine by the time of entering and exiting the market. Besides, accumulating more coins dont work for all investors and ones must always apply the strategy that usually bring more money to his table.

It sounds like you are advocating an attempt to time the market, suzanne5223, when there is decent evidence that dollar cost averaging into bitcoin is likely to pay off a lot better than either playing around with timing of the price or even playing around with other coins (and I cannot tell if you are suggesting to play around with coins, other than btc). 

In other words, continuing to accumulate BTC and to hold BTC is likely the best strategy, so long as you do not invest more than you need for ongoing expenses, including planning into the future and having some kind of emergency reserve fund.

Well that works if you plan a few years of holding the coins you've accumulated. And if you have the means to buy monthly of course. I still think it's best to gauge your timing. There will be months when it's better to just sit and wait. Flexibility is an important trait both for a good investor or a good trader.

[JayJuanGee]

The best and most safe way is to simply set aside, a set amount each month, buying during the good and the bad times. Dollar cost averaging is your friend.

Every month one should be investing in the coins which they think will grow in future and this will help us to build a portfolio for ourself and also the price would get averaged out as at times it would be less and at times may be higher etc .This could be a way for many people to o buy as not everyone can buy at one go .

Its is good strategy for long term holder but definitely not the best to make more money from investment,I will say while making money for investing on bitcoin every month they also need to explore other crypto earning way like trading and they need to try it also to make more money but with less capital which is not needed for the investor.

Yes, the strategy emphasize by the above members was not applicable for bitcoiners who dont have much investment capital and it not must for investors to buy coins every month because the market status is what will determine the time of investment because crypto investment profit are determine by the time of entering and exiting the market. Besides, accumulating more coins dont work for all investors and ones must always apply the strategy that usually bring more money to his table.

It sounds like you are advocating an attempt to time the market, suzanne5223, when there is decent evidence that dollar cost averaging into bitcoin is likely to pay off a lot better than either playing around with timing of the price or even playing around with other coins (and I cannot tell if you are suggesting to play around with coins, other than btc). 

In other words, continuing to accumulate BTC and to hold BTC is likely the best strategy, so long as you do not invest more than you need for ongoing expenses, including planning into the future and having some kind of emergency reserve fund.

Well that works if you plan a few years of holding the coins you've accumulated. And if you have the means to buy monthly of course. I still think it's best to gauge your timing. There will be months when it's better to just sit and wait. Flexibility is an important trait both for a good investor or a good trader.

Well, you can have an ongoing dollar cost averaging strategy and a buy on dips strategy.... depending on what state of accumulation that you are in... or if you are in more of a maintenance stage.

I first got into bitcoin in late 2013, and I had a goal to invest in bitcoin and to get my portfolio up to an aimed target that was a percentage of my total investments.  Largely, it took me a year to accomplish that accumulation goal.  Thereafter I continued to dollar cost average into BTC for at least the next year.

I don't have any problem with the idea of strategizing part of your BTC investment plan; however, you never know when the bottom is going to be in, and therefore, you could miss the boat if you are holding back with too much and waiting for a further dip.. such as some of those who are currently waiting for sub $3k that might or might not happen.

When the price has already dipped 80%, there is no reason to dick around with a lot of waiting.. even though it is prudent to hold some stash, just in case the price dips more.

On the other hand, in retrospect, we see that when the price went up to $19k, it would have been good to keep some fiat in reserves for buying - even though no one really knew exactly where the bottom of the correction was going to be that ended up being quite a bit lower than anticipated, so far.

Let's say if you have $300 per month extra, maybe 1/2 or 1/3 would be placed on dollar cost averaging, and the other portion saved for buying on dips... each person has to find a balance that is comfortable for them both to get a stake in the game and NOT to be gambling too much with the investment in order to have money left in case the price goes down.  I also advocate shaving off small amounts on the way up, so there is a need for moderation there, too.. sell a bit but not too much.. You don't want to run out if the price shoots higher than expected.

[South Park]

Yes, like you suggest there is likely a quite a bit of a personality type going on here, but then we arrive at a question of nature versus nurture.

In that regard, I think that people can learn good practices.. a nurture question.

I get a lot of flack on this forum for my long posts, and maybe some members conclude that I am lecturing at them; however, I consider this forum to be an interactive brainstorming mechanism, so I participate in the forum in order to have back and forth exchanges of information and to learn from others and learn about myself.. so for example, writing a long post, might allow me to learn about myself, too and to tweak my practice and strategies in light of what I learn.

I actually grew up in a rural area with parents who were not wealthy nor college educated, and there was a bit of value in working your way through things and self-independence.  

When I left home, I thought that I would not go to college; however, after I left college, and I was really struggling how to prepare myself for the future, very early on, I learned about creating a financial cushion and having enough funds to sustain your lifestyle, even if you get cut off for 6 months or longer.  Of course, I took that to further and further extremes conceptually, which involved attempting to figure out how to keep costs down which increases the amount that can be invested.

Bitcoin offers some self-reliant savings and investment strategies that had not been available with traditional investments both in terms of cost but also in terms of 24/7 availability and not having to go through any kind of middle man.  Anyhow, you can really go to town in the category of self-tailoring.  One of the earliest things that i learned in basic finances is that if you do not have much, you have to really chip away to build and build and build.  Prosperity does not tend to come quickly.  You have to both pay off high interest rate debts but also take measures NOT to add them to your life.   Debt is not totally bad, either, if you can get credit then you might want to use it, especially if you can get higher returns than the debt costs (without gambling).  So even if you only have $500 worth of income per month, there are likely ways to shave down your expenses in such a way that you are able to stock away $100 per month.. and you should build up your various emergency funds, first before you start to make more risky investments - such as bitcoin.  

There is definitely going to be more juggling when there is not a lot of funds to work with, and sometimes, there will be a need to increase the income side of the ledger in order to make meaningful investments into bitcoin - even if you are only able to invest $10 a week into bitcoin because you are building your emergency fund and covering your basic living expenses.

I do not have the source but according to a study I once read about 80% people that are currently rich are new rich, basically people that were poor or middle class and that created their wealth during their life and did not inherit it, and you will see they come very early to conclusions similar to your own conclusions despite the differences in their life experiences, in my case I learned about the importance of saving at a very early age since my parents thought it was important that I learned how to save money for the future.

Fortunately for me I was smart enough to understand that what they were teaching me was important and I learned my lesson and when I found out that something like bitcoin existed I immediately decided it was what I was looking for, since in traditional investments you need a huge amount of capital just to get started and if you want access to the best opportunities you need to be a qualified investor and that is not easy to achieve at all.

[koroke]

For me the strategy is very simple. Buy the coins when the market is going low. Hold the coins and wait for the bull run. When you see you can get a good profit, sell them, very easy.

I agree in what you have said and in addition to that purchasing coin when it's bear market is indeed a risk since we dont know when it will recover its price again and for me that's indeed a spirit. Since now, we are talking about the strategy, everyone will fall into different opinions since we do have different perspectives towards the current market today, and these days I often store my bitcoins and it can be possible only with a trusted exchange and recently I have discovered Darb, which allows me to deposit my assets to them and convert it with another assets and as well as performing a faster way of making transactions.

[2chase]

It is certainly commendable that someone is trying because of his ability to help other people with regard to investments, but personally for me all such groups and communities often look like places in which, along with good advice, you can very easily get advice that will not benefit you. Therefore, I usually take very carefully to such proposals.

[Adriano2010]

Well indeed if a strategy can bring profit then is ok, i think almost every people has own strategy and they choose it over more time because they need to test it, and also some learn from another.