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

[Dabs]

I think the idea is that you can't really study the market. I mean, maybe you can and there are some people who have successfully done that for traditional financial markets, but no one has made any short term predictions with consistency.

The good ones are always at a macro level, or long term. In the really long term, we can correlate it with other markets as relentlessly going up, just like plenty of other index funds.

[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 that shows huge returns, and then say this is any indication for future investing...  Anyone can suggest investing in any stock, even a dog, by doing this.

Wise up people  🙉🙉🙉

Hard Facts

[Pinkris128]

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 that shows huge returns, and then say this is any indication for future investing...  Anyone can suggest investing in any stock, even a dog, by doing this.

Wise up people  🙉🙉🙉

Hard Facts

It's really a fact because the market is volatile that we can really say or predict when will the market decrease and increase, that is why investing in bitcoin is a risk yet it can still profitable if the price of it will start to increase. Patience is only thing that we need for us not to worry in our investment and keeping our hopes high in its price.

[HardFacts]

that is why investing in bitcoin is a risk yet it can still profitable if the price of it will start to increase. Patience is only thing that we need for us not to worry in our investment and keeping our hopes high in its price.

Patience will only work as an investment strategy if the general trend is UP.  If Bitcoin is in a downtrend, and going towards zero, patience will assure that you lose ALL your money 😭😭😭

Would you tell those that invested in Deutsche Bank stock 2 years ago to be " Patient ", and wait it out 

Hard Facts

[CarnagexD]

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.

Impressive statistics you got there mate. Most of our fellow traders here prefer going all in because of how big the changes they see first hand but I've never reall thought about spreading my buys until I see this. This will be helpful, although hodling and timing your purchases still poses the most profits if you'll ask me. I would like to incorporate this strategy however in my next investments with bitcoin.

[keeee]

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.

Well its kinda risky at point where we dont know when the value will pump and fall.  But what do we really need is how to hold until the price increase again if we really want to get profit. And never ever panic every time the price dropped. 

[bobitza]

Exactly! You can never earn free bitcoin without working. It is not possible. On the contrary, you have to work hard to get Bitcoin, such as participating in bonus campaigns, for example directing Bitcoin. Those jobs take a lot of time.

[Twentyonepaylots]

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 that shows huge returns, and then say this is any indication for future investing...  Anyone can suggest investing in any stock, even a dog, by doing this.

Wise up people  🙉🙉🙉

Hard Facts

It's really a fact because the market is volatile that we can really say or predict when will the market decrease and increase, that is why investing in bitcoin is a risk yet it can still profitable if the price of it will start to increase. Patience is only thing that we need for us not to worry in our investment and keeping our hopes high in its price.

True, you can't really do the conventional style of investing and trading with bitcoin since apart from the fact that it's hard to predict, it's also hard to time your buys and purchases. What I personally do is hodl and buy when I have the money, and eventually I'll see the profits and gains of my investments. But yeah, what works for me might not work for you. Anyhow, this strategy is working, for the people who have enough money to buy btc every week, though.

[angryswamp]

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.

[Boomspeedometer]

I wonder what are the stats for 2018? I’m doing biweekly automatic the whole of 2020

[Wintersoldier]

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.

This is the kind of investment wherein, you will not basicallg figure out if you lost or win whenever you sell your holdings. But what is good with it is that, bitcoin overtime is becoming more prominent and famous, it's become more functional to the market and leading to growth and development including its market price. So if we continue.to hodl and buy at this kind of investment, without making sure, we can have profits in the future.

[nicolas1979]

The problem is we don't know about the future, if we know it I think many people will become rich. We only can predict and prediction not always right. I better in this way like this moment, try imagine if people know the future and rich from bitcoin, currency will fall and global economic world will meet their nightmare, collapse. Maybe if you share how to get money and enough to buy bitcoin every week, bounty hunter economic problem will solved, that's better.

[msarro]

Buying at right time and then holding always gives you good return, no matter in which market you are investing. Main thing is we are not willing to buy bitcoin when it’s right time to buy. Everyone is willing to buy bitcoin now when it’s going up but very few bought it when it was at 6800$. You can always have good gains in bitcoin if you buy at dip.

[Sadlife]

Yeah i think cost averaging is better than going all in because then, you have to diet yourself or restrict yourself from buying daily necessities just because of FOMO and ended up with huge losses.
Another better strategy would be buy in the dips even in small portions and you'll be able to profit from it. Both has its merit i guess it all depends on a person's financial status.

[buwaytress]

Buying at right time and then holding always gives you good return, no matter in which market you are investing. Main thing is we are not willing to buy bitcoin when it’s right time to buy. Everyone is willing to buy bitcoin now when it’s going up but very few bought it when it was at 6800$. You can always have good gains in bitcoin if you buy at dip.

Try using this in a non bitcoin, non top 10 crypto market and then regret every word you said. There's a fine line between gambling and predicting (some say there isn't a line) but trying to time your bitcoin buys and sells isn't for any of us. It's not for expert traders who still lost money when the market floundered. It's definitely not for people who think they're smarter than the rest.

Save yourself the heartache and get into cost average buys. Like OP.

[tvplus006]

The problem is we don't know about the future, if we know it I think many people will become rich. We only can predict and prediction not always right. I better in this way like this moment, try imagine if people know the future and rich from bitcoin, currency will fall and global economic world will meet their nightmare, collapse. Maybe if you share how to get money and enough to buy bitcoin every week, bounty hunter economic problem will solved, that's better.

I've thought about it many times, what if I were given a crystal ball for a few days)
You can buy bitcoin at any time. And even if you chose the wrong time to buy bitcoin, you will always have several options for what to do next. You can wait for it to grow. But sometimes it is easier to fix a loss and continue trading.

[kevinrosario93]

I am interested to know the stories, why did you decide to buy bitcoin?