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

[dimonstration]

I'm quite doing it not really weekly but maybe once or twice a month. Its really also tempting to take advantage of the low price to buy more but most likely I feel regrer when the next day it goes down again. So buying little by little is my comfort zone. Its not really that high volume but accumulating it weekly or monthly it will still be bigger returns.

It's like paying bills if we put it on monthly basis, while it works for others I don't think I'll be able to do it regularly as I prefer to wait to buy when the price seems to go down, so I will just wait and hopefully will still have money when that time come.There are really pros and cons as we weren't sure if by the time we were about to buy if we have budget to invest.

[BlackFor3st]

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.

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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 am not really particular with this strategy but I like how it works so I am thinking in using this kind of strategy even if I will just buy a small amount every week.

But I am wondering if this strategy will still be effective this year so we can still profit even if small as long as we are positive in our investment at the end. I can see the movement of btc as most of the big investors are favoring bitcoin over other currencies.

[Mumbeeptind1963]

Buying bitcoin every week is a good strategy only if it's price remain at a low price for consecutive weeks or continuously decreasing. We all have our own strategy. What we think works best for us. But this strategy are for those who are financially stable and can afford to buy bitcoin every week. If only I could, then I would. But I already accept that I ain't rich like others who can buy bitcoin per week.

buying bitcoin is good, but we need to think that bitcoin and other altcoins aren't the same in prices each week, sometimes this week it has @7300 then next week it will be @7500 then you will be having  @200 price increase in that week, so I think it is good strategy but for me, I will wait for bitcoin to go @7000 then will buy a many of it rather than buying each week.

[bohr]

Buying bitcoin every week is a good strategy only if it's price remain at a low price for consecutive weeks or continuously decreasing. We all have our own strategy. What we think works best for us. But this strategy are for those who are financially stable and can afford to buy bitcoin every week. If only I could, then I would. But I already accept that I ain't rich like others who can buy bitcoin per week.

You are not really thinking about how this strategy works on the long term, if you are trying to do this for a few weeks or months then you are right but if you do this for years and you invest in a good asset then you will earn money, it is known that the two most important factors when it comes to saving and investing are to begin as early as possible and to do it consistently, and if you follow that strategy not only with bitcoin but any asset you may like then you will get positive results.

[AjithBtc]

There are altcoins that give much higher profit than bitcoin, but it is hard to find. As bitcoin gives assured profit out of the investment in the short or long term people prefer investing on bitcoin even when there were large number of altcoins available in the market. Spending a specific amount to buy bitcoin every week is truly a good step, but very few follow in real life.

[leetcoiner]

No one has banned investing in Bitcoin every week, the problem is that there is not always money to invest not only in Bitcoin, but in crypto in general.

[karmamiu]

No one has banned investing in Bitcoin every week, the problem is that there is not always money to invest not only in Bitcoin, but in crypto in general.

                I certainly agree with you. Not everyone has the luxury to spend everyday or everyweek purchasing bitcoins bit by bit. Well just try to imagine everybody keeps on buying everyday, for sure it makes the the prices keep going upward, don't you think? The big hurdle is money. Without it, it will be nothing but like window shopping.

[Bonenx14]

Yes, I agree with you, but it's going to be more frustrating for those who bought bitcoin when it was over $20k as not all of them dumped or cashed out because of the long term and it's been two years since we don't see the market going to the moment they're waiting for, but this proves that we can invest gradually instead of one bulk investment. I might even start doing this to make steady profit from now on.

sometimes investing in stages can be utilized when market conditions decline, but must have a lot of capital. the most difficult thing is when the investment is done in full once, when the capital runs out frustration can occur, and therefore investment techniques can be used as a reference for last year and maybe this year too.

[HardFacts]

sometimes investing in stages can be utilized when market conditions decline, but must have a lot of capital. the most difficult thing is when the investment is done in full once, when the capital runs out frustration can occur, and therefore investment techniques can be used as a reference for last year and maybe this year too.

Sometimes investing in stages can result in LOSING ALL YOUR MONEY  😣😣😣😣    What if you invested in stages in Enron, Circuit City, Radio Shack, WeWork etc. as the price went down...   The only time investing in stages works is if the price goes back up.  If you invest every week and the price keeps going down, you can find yourself BANKRUPT.

Hard Facts

[wxxyrqa]

sometimes investing in stages can be utilized when market conditions decline, but must have a lot of capital. the most difficult thing is when the investment is done in full once, when the capital runs out frustration can occur, and therefore investment techniques can be used as a reference for last year and maybe this year too.

Sometimes investing in stages can result in LOSING ALL YOUR MONEY  😣😣😣😣    What if you invested in stages in Enron, Circuit City, Radio Shack, WeWork etc. as the price went down...   The only time investing in stages works is if the price goes back up.  If you invest every week and the price keeps going down, you can find yourself BANKRUPT.

Hard Facts

One way or another, the author describes a situation in which an investor who will invest in Bitcoin every week for a year will still be in a very difficult situation, until the cryptocurrency market shows good results.  Only if Bitcoin raises its price, then these investments will bring a certain result.  But if we talk about purchases throughout the year, then it is better to follow the Bitcoin exchange rate and use price fluctuations to buy and sell on time and have income on the difference in bitcoin price.

[HardFacts]

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

If you Bought Bitcoin in JUNE 2019, You'd Be DOWN 49 %


VERY DISHONEST, VERY DECEPTIVE to cherry pick a date in the past and say this is any indication for future investing...  Anyone can make any point by doing this.

Wise up people.

Hard Facts

[Dabs]

It's not likely that Bitcoin will go very far down now. It may go down a little bit more. It's more likely to go up within the next few years.

If you bought Bitcoin at any date in the past beyond 3 or 4 years ago, you'd be up.

[thirdlight]

I do not see the point in investing in Bitcoin every week, it is better to invest in it when it is at the bottom, for example, now the price is low and Bitcoin is just beginning to rise, now you can invest.

[gentlemand]

I do not see the point in investing in Bitcoin every week, it is better to invest in it when it is at the bottom, for example, now the price is low and Bitcoin is just beginning to rise, now you can invest.

Buying at the bottom?

Sounds totally brilliant. Why isn't everyone doing that?

Maybe because the bottom is only clear months or years after it happened. That's the whole point of this thread. Sometimes you'll pay more than you'd like, other times you'll pay so much less you'll start to question why you're doing it.

In the end the chances of your having done better than some twat who thought they were a trading god and pissed it all up against the wall holding on for prices that never came or betting everything on movements that went against them are rather high.

[qiwoman2]

I get my monthly salary from my day job in Bitcoin now so since I started two months ago, I am just keeping a small part of what I don't need for living expenses in Bitcoin and saving it up from there. I am really happy to get paid in Bitcoin because if I can save something every month and Bitcoin does go up even double, it's like a bonus for me every year hopefully. I do hope to also keep some stable coin as well, to buy the dips if it dips lower than the value that I get it at each month, to hedge and not lose if it falls below, this way averaging down cost.

[luppecuppe]

That's the investment plan in my head. It makes very sense to constantly get bitcoin. I think someone who invests like this makes a profit. At least the damage is very low. Also an investment plan that is not too tiring. I can try that.

[Dabs]

Of course the best thing to do is buy low, and sell high. However, it is very difficult to time the market. The whole point of dollar cost averaging is to take away the emotion of trying to time the market. Just buy consistently. You'll come out on top later.

[Linkkoin]

Of course the best thing to do is buy low, and sell high. However, it is very difficult to time the market.

If we go to buy at bottoms and sell on peaks, it is worth to note, that with bottoms in cryptocurrency news we see panic ("bitcoin is dead/is it a dead cat bounce?") and on peaks total hype (remember when in December 2017 even on a breakfast TV those celebrities were speaking how wonderful BTC is). Of course it would not give you 100% chance to find when exactly the bottom/peak is reached, but you can find out when it is close.

[Edraket31]

Of course the best thing to do is buy low, and sell high. However, it is very difficult to time the market. The whole point of dollar cost averaging is to take away the emotion of trying to time the market. Just buy consistently. You'll come out on top later.

Exactly!  That's why study the market more as much as possible and as much as we could so that when time comes that we need to sell we can make more profit, but of course let's learn first how much we are willing to invest, how much we are willing to sacrifice  if ever that the value of the market shrunk to the unexpected one.

[bohr]

There are altcoins that give much higher profit than bitcoin, but it is hard to find. As bitcoin gives assured profit out of the investment in the short or long term people prefer investing on bitcoin even when there were large number of altcoins available in the market. Spending a specific amount to buy bitcoin every week is truly a good step, but very few follow in real life.

And everyone is looking desperately for those altcoins and yet very few people find them, just realize that you are taking a huge risk when you invest in those coins and most likely you are not realizing the full extent of the risk you took and while it is true that if you select the right coin you can make a lot of money the chances that you are going to do it are less than 1% and with those kind of chances it is preferable to invest in bitcoin instead of those altcoins.