What’s up guys! NEW here - Correct me what I should fix with my BTC accumulation

[platinum.den]

Hello,

I’ve gotten into BTC when it was around 40k. Wished I jumped on it earlier but I know it’s never too late. I mostly learned everything on my own (with the help of youtube videos) and then I came up with my own gameplan.

What I was doing before and what I DON’T recommend is using an Exchange to buy Bitcoin if you’re planning on holding/hodling. Before I used Binance.US and Coinbase Pro and once you deposit your fiat, with both exchanges it takes a long time before you can withdraw your crypto/usd. With Coinbase Pro I made a $1000 purchase of Bitcoin. In 2 days they took my payment through ACH and then I had to wait 14 days so I can have full custody of my money....see FOOK THAT...i dont like that...so I was thinking what is the quickest way to buy and have control of your bitcoin and the fastest method for me now is:

Purchase Bitcoin with Cashapp. Once bought, immediately transfer to my Nano S.

Once you buy your coin with CashApp & there are no restrictions. Immediate possession to do whatever you want. Also, if the market is crashing, or having a heavy dip quickest way is to send from your nano s straight to cash app..once you sell....fiat is immediately ready in your cash app that can be instantly sent to your debit card.

I strongly advise you guys to get a Cash App debit card for this.

If there is anyone that can chime in with some other tips or corrections it would be great.

Im trying to learn and see if this is a good plan. I like something that will give me quick possession of the fiat as well if I need the access to it. CashApp solves this.

Cheers !

[mk4]

Also, if the market is crashing, or having a heavy dip quickest way is to send from your nano s straight to cash app..once you sell....fiat is immediately ready in your cash app that can be instantly sent to your debit card.

This is probably the part where there's a good chance you could mess this up. Selling at heavy dips? It should be quite the opposite, you should be buying at dips because you're getting the coins at cheaper prices (though dollar-cost averaging should be a better strategy overall).

[rydog89]

The trick with CB and CB pro is that you attach your bank via plaid to Coinbase. Then you're able to deposit up to $100k a day. Instead of depositing USD into Cb pro, try buying USDC on Coinbase using your bank account. The transaction is free. Deposit the USDC into CD Pro and buy whatever it is you want (because the fees are a lot less than on CB). Once you have the coin you want, you are able to immediately withdraw it. I haven't had any issues with or having it held on Coinbase for an extended period of time.

[Poker Player]

Apart from what @mk4 have told you, I would recommend you to just keep buying, no matter the swings in price. It is a good strategy to buy when the price falls, but if you have little Bitcoin, as it seems, it is better to buy regularly, regardless of price swings, until you have an amount where you can consider stopping buying. Don't try to time the market, if you believe that Bitcoin has a great future, and that price will reach $1M and more, just keep buying.

[anu1908]

yeah, i also think that dca is the way to go for you. it won't give you 10x return overnight but it can help you manage your portfolio and avoid you from selling too early or make other mistakes due to your emotion. keep some of your fiat ready to buy whenever there is a dip. don't go all in, use 10% for each 10% dip or something like that.