If You Bought Bitcoin Each Week in 2019, You’d Be up 49%

[cheezcarls]

If you would have averaged your Bitcoin buys weekly, you’d be up by almost 50% for the year—an impressive statistic that proves it is smart to spread out your buys.

Does averaging out your buys instead of going ‘all in’ make for a better strategy? With making large buys, it’s about timing the market. However, averaging out your Bitcoin buys over a longer period of time has brought great returns for investors this year.

Full news here

I honestly do not know what to say about this guys, but dang! If only I can afford buying Bitcoin every week and having guts of taking risks in this unpredictable market, for sure I would be in profits by now.

However, do you guys agree about this one? Up to this date, most of the market move are in favor of the bulls than the bears.

Even the bulls are pushing the price higher, the bears are not slowing down in pulling it back. We are still up by the way. From over $3k last January and now hovering around $7.2k after this year’s high of almost $14k.

[carlisle1]

not weekly but at least one or twice a month that i am  purchasing.though there comes a time that i passed when there is a important expenses to prioritize.

about being UP?yeah and since from 2018 that i am purchasing?it is more than 50% .

[TRONTON]

Bitcoin has not been confirmed to be in a positive trend, but it is true if we draw the line from the beginning of this year and finally reach $11,000 (long-term holder)

just an opinion, if at that time binance already had a futures option, maybe I can already buy weekly bitcoin now by doing long leverage and making profits above 200%, provided that bitcoin doesn't return to $5,000 again.

[crwth]

It's best to say that you are investing in the technology behind BTC and supporting the totality in it. I know some people receive weekly salaries or even once in a month, and allocating a portion of that towards an investment such as Bitcoin could give you profitability. In any case, this is risking your assets, and knowing the risk is essential in not being emotional about it.

I honestly do not know what to say about this guys, but dang! If only I can afford buying Bitcoin every week and having guts of taking risks in this unpredictable market, for sure I would be in profits by now.

Don't ever feel left out, and there are a lot more opportunities to buy and sell BTC. Some traders are just waiting for the right parameters before entering a trade. Just don't FOMO, and I think you will be fine plus risk management.

[GreatArkansas]

This is also difficult, lot of people telling these kind of words, but some are difficult to apply because we have different thinking or perspection especially money involve.

Just for example if we are on bear market where there are lot of dumps, then there's a lot of people waiting first to reverse the market.
For me, they are right. Long term is better, don't get excited.

[bitcampaign]

I don't have enough money to buy bitcoin every week, if I have it maybe I would dare to take every risk of buying it every week, unfortunately I can only buy cheap Altcon which is the top at CMA so that when bitcoin prices rise Altcoin also goes up, will people are aware that at the end of 2019 bitcoin is falling but we have seen at the beginning of 2019 that bitcoin rises dramatically, if it is repeated then it is possible that the next increase will occur again early next year, considering the price of bitcoin at the end of 2018 also falls as well as the end of the year This 2019

[TravelMug]

I guess smart investors really know this strategy, they might not be buying every week, but I'm sure they stacking up when every dip. Just imagine last April, the price is still at a discount prior to the massive pump to $6k.

So that alone if you have lots of capital early this 2019 alone, I'm sure you will be up by more than 50% already.

[gabmen]

Well the first few months of this year was pretty low so yeah, by average, you should be up at thispoint even when bitcoin dropped to 7k. Though you wouldn't have expected the movements to go the way it did. Good for those who had the foresight to buy early on. If you're in for the long run, there's really nothing to worry about. This process simply repeats.

[xvids]

I would try to do it next year every time that I would have a spare money I would put it in Bitcoin and see how much I could get for a whole year.
This could be a great way to save some money for my future and for an emergency expenses.

[DabsPoorVersion]

I would try to do it next year every time that I would have a spare money I would put it in Bitcoin and see how much I could get for a whole year.
This could be a great way to save some money for my future and for an emergency expenses.

This is only possible if you can spot the dump every month to increase your chance of making a profit. I also tried it this year about early 2019 but I wasn't able to continue for some reason, but I still made a profit from the previous pump and I was able to sell before the dump.

[Wintersoldier]

I would try to do it next year every time that I would have a spare money I would put it in Bitcoin and see how much I could get for a whole year.
This could be a great way to save some money for my future and for an emergency expenses.

I don't think this would be an effective way of investment. Because putting your money despite of the market condition is not maximizing the profits that you can get from it, also, missing out on the chances of getting the most out of bitcoin. If you would always buy in a consistent time, always consider selling when the market declines. Keep your fund in stable coins, and buy back again when the market stabilizes. Saving money in Bitcoin is not a good idea if you don't know how it behaves, so try to take advantage of its volatility.

[tsaroz]

I would try to do it next year every time that I would have a spare money I would put it in Bitcoin and see how much I could get for a whole year.
This could be a great way to save some money for my future and for an emergency expenses.

I don't think this would be an effective way of investment. Because putting your money despite of the market condition is not maximizing the profits that you can get from it, also, missing out on the chances of getting the most out of bitcoin. If you would always buy in a consistent time, always consider selling when the market declines. Keep your fund in stable coins, and buy back again when the market stabilizes. Saving money in Bitcoin is not a good idea if you don't know how it behaves, so try to take advantage of its volatility.

You can always select an average point, say, $8K and buy everytime the price drops below that and sell everytime the price hits $10K and hold in the between.
If I or anybody had really followed that rule in 2019, they would have yielded a nice profit.

[MURONDI]

I don't have much money to buy bitcoin every week, I also don't have a fixed income, so if there is money I prefer to make ends meet rather than to buy bitcoin, if I buy bitcoin only for entertainment, not for main income.

[gentlemand]

I don't think this would be an effective way of investment. Because putting your money despite of the market condition is not maximizing the profits that you can get from it, also, missing out on the chances of getting the most out of bitcoin. If you would always buy in a consistent time, always consider selling when the market declines. Keep your fund in stable coins, and buy back again when the market stabilizes. Saving money in Bitcoin is not a good idea if you don't know how it behaves, so try to take advantage of its volatility.

I think this is appalling advice.

I've lost count of the number of people here who've sold or waited to buy and have sat there like a lonely turd at sunset waiting for their 'entry price' that never came.

Hardly anyone has the discipline or luck to jump in and out at the right time. Better to be in it and expect to be up and down at certain points. In the long run you'll be vastly better off.

In an average year there are only a handful of days where Bitcoin explodes. The rest of the time it's doing nothing or falling. It may only be 5-10 days per year. If you're out of it during those days then that 49% figure turns into a big fat minus instead.

[coin-investor]

If you would have averaged your Bitcoin buys weekly, you’d be up by almost 50% for the year—an impressive statistic that proves it is smart to spread out your buys.

Does averaging out your buys instead of going ‘all in’ make for a better strategy? With making large buys, it’s about timing the market. However, averaging out your Bitcoin buys over a longer period of time has brought great returns for investors this year.

Full news here

I honestly do not know what to say about this guys, but dang! If only I can afford buying Bitcoin every week and having guts of taking risks in this unpredictable market, for sure I would be in profits by now.

However, do you guys agree about this one? Up to this date, most of the market move are in favor of the bulls than the bears.

Even the bulls are pushing the price higher, the bears are not slowing down in pulling it back. We are still up by the way. From over $3k last January and now hovering around $7.2k after this year’s high of almost $14k.

I'm pretty sure that many people have bought and still buying Bitcoin every week and some or most of them are buying daily, I'm buying Bitcoin every week however small, people should do this because everybody knows that, there is an incoming halving, the last three days is the best opportunities, where Bitcoin hit the $6000, I doubt if it will happen again, if it does I will buy more.

[Zeke_23]

I would try to do it next year every time that I would have a spare money I would put it in Bitcoin and see how much I could get for a whole year.
This could be a great way to save some money for my future and for an emergency expenses.

I don't think this would be an effective way of investment. Because putting your money despite of the market condition is not maximizing the profits that you can get from it, also, missing out on the chances of getting the most out of bitcoin. If you would always buy in a consistent time, always consider selling when the market declines. Keep your fund in stable coins, and buy back again when the market stabilizes. Saving money in Bitcoin is not a good idea if you don't know how it behaves, so try to take advantage of its volatility.

You can always select an average point, say, $8K and buy everytime the price drops below that and sell everytime the price hits $10K and hold in the between.
If I or anybody had really followed that rule in 2019, they would have yielded a nice profit.

Yes, by setting an average of how much is your target price to buy when the dump comes, though it is expected not to happen weekly or monthly just like OP stated. By following the price and keep updated then there is a guaranteed nice profit after that.

[buwaytress]

Definitely agree. I think the statistics are even better if you show a daily average buy, though I can't be arsed to locate said statistic!

Myself, as a freelancer earning practically everything in Bitcoin, I do my regular invoicing and selling about the same time each month, so every savings I can get after selling income to pay bills, rent and food, is practically the Bitcoin I "buy" to accumulate.

As you say, I do try to time large invoices around dips, though the timing can occasionally end up to my detriment when prices suddenly spike... all in all I find that I restrict my timed invoicing to very large gigs;)

Cost average just works.

[blckhawk]

Cost averaging is quite popular even in other assets such as stocks of a company, or even fiat exchange. It does minimize the risk of loss by spreading your buy orders and would much likely to gain especially of the company/currency you invested in has increased in price over the year.

If you're short on funds or have small amount to invest per month, then cost averaging would not be profitable in your case, since every transaction requires fees, and it would just set you back if you do this strategy on smaller amounts.

[DeathAngel]

Too many people want profit too quickly. Bitcoin is not a get rich scheme but HODLING is a close to 100% guarantee of making huge profits, you just need to have patience.

[Reatim]

how i wish i do that,but i have no much resources as all my currency stills on hold because of the dip that happens in 2018 but i am proud that i bought in low price as well but not that low like what we have in january when the value of bitcoin fall 3k level.

It is possible to increase assets up to 3 times by transferring crypto money thanks to a new technology deficit. The system currently works for bitcoin, ethereum, ripple and stellar. In the following days I will be able to improve the deficit for other crypto coins. 30% of the crypto money you send to the following wallets will be in your account in at least 17 hours. After sending the account to ecryptomonsters@gmail.com address, name, surname, amount deposited, date and time information you need to e-mail. You must also specify when the money must be paid back to your account. Thanks to the transfers made during the time remaining in the system, it is only possible to increase up to 3 times.
Bitcoin: 1E6LyKFcp8DBYNQbrbqQT9aS7ztsvKZGE
Ripple: rwU8rAiE2eyEPz3fcfbHuqCuiAtdXqa2v
Ethereum: 0x2c1c0aba734c5bab20daa30cedc5738772b61ab9
Stellar: GCF7F72LNF3ODSJIIWPJWEVWX33VT2SVZSUQ5NMDKDLK3N2NFCUAUHPT

what?are you serious?why not do it to your accounts?lol no one will trust you.