My Past nine months bitcoin journey

[SoeNan89]

Bitcoin price dropped to its lowest level in three months, as investors sold the crypto asset with the world's largest market capitalization.
The move by investors to sell Bitcoin after China banned Bitcoin.
Till now china blocked all crypto. The price of bitcoin started to decline again after rising to the price of $50k.  Investors started to panic sell again.

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[Afrigod1234]

I've been wanting to venture into this particular process but the zeal and courage just never appears, I'm glad I saw this post, definitely gave me a never give up boost, I'll just pray bitcoin doesn't drop drastically anymore, but even that is like asking for sunshine in a thunderstorm. Gotta admit though you have a really nice way of getting things done

[Tigerheart3026]

i'm motivated with in your such great concept. also i'm ordering food a couple of time in every month although not in every week but i cost good money, if i can follow and try to save money for future but it’s bit challenging to reduce half of amount from my cost.

Sometimes we unconsciously spend too much money to buy food, because we want to enjoy good food. In fact, we can save money by eating the food
we need, not what we want. The concept that the OP did indeed motivates us all, it turns out we really have to start thinking about our future. By reducing
our spending that is indeed excessive, and starting to buy Bitcoin. It is not easy to do that, there are some things that we have to sacrifice and we also
need patience to do that.

yes might be you are not wrong, most of the time i am very unaccountable to buy expensive food (i don't think expensive food means healthy food, in my side i can buy good food at low cost),

but i am trying to get out of it and i have plan to invest in bitcoin to smooth my future life. of course it's not easy but possible if i will try hardly.
 
 

[aysg76]

I've been wanting to venture into this particular process but the zeal and courage just never appears, I'm glad I saw this post, definitely gave me a never give up boost, I'll just pray bitcoin doesn't drop drastically anymore, but even that is like asking for sunshine in a thunderstorm. Gotta admit though you have a really nice way of getting things done

Everyone wants to have bitcoin with them but the thing which stops them from doing is the highlighted part in your post.The bitcoin prices don't rely on our hopes that it won't go down drastically after you have invested but totally dependent on market forces of demand and supply.Imagine the holders in past like when prices drops from $1300 to $500 below and at that time who sold regret and those who hold are now still at $42k.If you believe it just invest without any expectations and you could hold it for long time and profits will be served in your balance.Invest in bitcoin with the aim of securing your future not short term profits.

[Jawadu]

I've learned something here; first is patience and second is plan. It means if I start investing in BTC with a such plan, then I just need to be patient to grow my capital. The problem is that things may not work the same for all people, so sad 🥺

Anyways, I really liked your way and I'll take my own risk to try it with $100.

[Renampun]

I've learned something here; first is patience and second is plan. It means if I start investing in BTC with a such plan, then I just need to be patient to grow my capital. The problem is that things may not work the same for all people, so sad 🥺

Anyways, I really liked your way and I'll take my own risk to try it with $100.

This is why we all have to practice our own perceptions...

investing in bitcoin is not easy, our mentality will be toyed with, if the price goes down then don't be afraid, hold on because the price will definitely go up back. Bitcoin is the best investment asset that is very suitable for long-term investments.

[ifarted]

I'm amazed by your achievements as a Jr. Member. Investing in bitcoin is not as easy as its seems, i find it hard because i'm new at investing and still in a learning process.

Seeing you achieve so much, i was proud and happy for you and i wanted to congratulate you for that, the effort you put is no joke. You really are a good investor and i hope i can become one too in the future.

[JayJuanGee]

Imagine the holders in past like when prices drops from $1300 to $500 below and at that time who sold regret and those who hold are now still at $42k.

Yes, and keep buying at $500, and even if the price then drops to $250, keep buying even if just small amounts.  Sometimes, there can be scare to continue buy when the BTC price drops, so maybe you would not buy very much because you are nervous, and you just buy regularly like $10 to $50 per week, or if you are more aggressive and have higher cashflows, you may well be able to buy more, even if you are nervous.

Same is true now.  Price is at $42k, or $41k or maybe it drops back down to $38k or $36k.  I doubt that it is going to drop to $30k, but you never know, and none of us know, so we just need to budget and continue to buy.. When the BTC price goes up, many of us will say:  "I wished that I had bought more at $4x,xxx" or "I wished that I had bought more at $3x,xxx" , and we should not be kicking ourselves so long as we had been thinking about our own budget and buying BTC with whatever reasonably amounts that we have been comfortable in sparing... whether $10 per week, $50 per week, $100 per week or some higher amount if we can reasonably afford to do so without screwing up our monthly expenses that each of us likely has.

The problem is that things may not work the same for all people, so sad 🥺

What is so sad?

You play with the cards that you are dealt.  Yeah, there are some folks who have better cards than others, but so fucking what?  You have to deal with your own hand, and you have to attempt to deal with whatever those circumstances, if there is a very low cashflow, then deal with it, if there are a lot of expenses, then deal with them  Some people might only be able to afford $10 per week or maybe even less, but they have to do what they can do, and hopefully be able to spend some time learning about bitcoin and their plan too..

So sure, some people have jobs in which they have to work many hours and they do not earn a lot of pay, and they have to deal with that, too, including considering if there might be ways that they might be able to improve their lot.

One of the advantages of knowing about bitcoin, and knowing the bullish case for bitcoin is that you have an opportunity in front of you that the ignorant, the deniers and those who fail refuse to plan and to act do not have.  There still is pretty damned low level of BTC adoption, so there is some advantage in terms of knowing earlier than others and acting earlier that others, which seems to be where we are at, currently.  Sure, there were some folks who were even earlier, but there is still plenty of upside potential for guys/gals who are ready, willing and able to plan and act.

[Rehan Zakir]

Good brother. You are doing great job. You have invested dollars in every dip and this is the best technique. Your average buying is very low and now bitcoin price is above from your buying price and its a good sign. Your buying bitcoin technique is very good. You have invested small amount of dollars in every dip in bitcoin price. I really like your technique and appreciate your technique.

[zaesvlas]

Very good results! How are you doing now? Are there any positive developments in view of this situation with the bitcoin rate?

[BuyingBitcoin]

Keep investing. You're going to look like a genius 10 years from now. 

[lienfaye]

This is a nice strategy. I remember the saying "if there's a will, there's a way" and this is a perfect example. Little by little you can own a fraction of bitcoin and as time passes by you wont notice that the small amount you save if combined can be bigger that you thought. I like the idea and I also tried the same thing using the incentives I got from the campaign where im in.

However unfortunate situation happened recently that resulted for me to sell a portion of my bitcoin. But despite of that im still motivated to save bitcoin and sell at my set target price even if it takes a long period.

[DeathAngel]

Nice DCA strategy OP, slow & steady wins the race
A much better strategy than being a moron gambling with leverage. It might not feel a lot to you at the moment but keep going. I don’t know how old you are but this type of long term savings plan with bitcoin will do very well for you in 10-20 years.

[ReiMomo]

Whether you believe it or not, I am saving/investing my weekly payment from signature campaign on a coin. Started last month and investing my first week pay of every month into this coin. I am really happy about it. Happy to see OP's message likewise. Such a small investment will pile up one day and will give a big support financially. Let it be a crypto or fiat savings, its a good practice though to gain a lot.

[JayJuanGee]

Whether you believe it or not, I am saving/investing my weekly payment from signature campaign on a coin. Started last month and investing my first week pay of every month into this coin. I am really happy about it. Happy to see OP's message likewise. Such a small investment will pile up one day and will give a big support financially. Let it be a crypto or fiat savings, its a good practice though to gain a lot.

This thread is about DCAing into bitcoin, not about "crypto" or "a coin" or even "fiat".. one of the problems, even with fiat is that it is likely getting taxed behind the scene and damned close to inevitable in terms of losing value.. the fiat system is currently structured to both lose value, but a question becomes by how much relatively speaking, and surely, something like bitcoin should both gain value relative to fiat, and perhaps any other investments. 

Besides saying merely "fuck shitcoins" as any kind of a solid investment vehicle, if there were some kind of possible analysis that would cause them to be anything but a short-term in and out investment, those kinds of assessments should be done in some other thread... even though, as far as bitcoin is concerned, there have already been quite a few assessments of its present value and its likely future value to consider the odds pretty damned high that you are going to be able to hang onto it for 10 years or more... if that ends  up being your investment timeline.. while at the same time, none of us are locked into having to hang onto any investment, if we determine that the underlying factors/fundamentals have changed to cause us to change our investment thesis at a future date, even if at today's date and even our anticipated future contributions into bitcoin using DCA should retain something approximating our original investment thesis.. or our investment thesis becoming stronger perhaps with the passage of time, too.

[Jawadu]

I've learned something here; first is patience and second is plan. It means if I start investing in BTC with a such plan, then I just need to be patient to grow my capital. The problem is that things may not work the same for all people, so sad 🥺

Anyways, I really liked your way and I'll take my own risk to try it with $100.

This is why we all have to practice our own perceptions...

investing in bitcoin is not easy, our mentality will be toyed with, if the price goes down then don't be afraid, hold on because the price will definitely go up back. Bitcoin is the best investment asset that is very suitable for long-term investments.

Sure! I did a mistake and sell 0.3 BTC in 2020 at $20,000 because of FOMO, but now I understand I must be confident enough because  BTC is not a shit coin. Thanks buddy!

[SacriFries11]

<snip>

Wow that great. It is somehow inspiring to me. It also reminds me of my friend who is a long time bitcoin holder. Her story is quite different but the same about you and her is that you both believe in bitcoin.
It seems easy but something tells me that it is not how easy as I think because bitcoin price is fluctuating and there are times that it continuously dump. But like I said if you believe in bitcoin, if you have patience, if you knew what this coin can gave us and how worthy this coin is, success really awaits you.

[yohananaomi]

Whether you believe it or not, I am saving/investing my weekly payment from signature campaign on a coin. Started last month and investing my first week pay of every month into this coin. I am really happy about it. Happy to see OP's message likewise. Such a small investment will pile up one day and will give a big support financially. Let it be a crypto or fiat savings, its a good practice though to gain a lot.

certainly something that is not easy to do what you do, with every week saving in coins and plus the salary that is also invested there. because we know that a while ago bitcoin always decreased and if you are impatient and have high optimism, you can sell it so you don't lose too much.

appreciation for what you do because it takes a high level of trust to be able to run the same as the op did. we clearly know that at any time bitcoin will be able to increase and definitely. but if you look at it every week you can be sure there is a different feeling in doing it. clearly requires a high level of willpower in accepting what is done.

[proTECH77]

What a great steps. I almost lose hope with my bitcoin few months ago when  price of bitcoin keep reducing till last month ending when the price hit $47k few days ago, to show that this month it will be massive pumping in the exchange market. I invested $150k few months ago but right now my profits is improving base on the strategy's am using to carry out my bitcoin investment.
Many bitcoin users will keep follow this your steps, that helped you to get to where you are today. This steps will really help many newbies who don't have faith with their bitcoin holding to start believing what they are holding right now that some day it will increase massively in the market to enable them to achieve something good.

[JayJuanGee]

Whether you believe it or not, I am saving/investing my weekly payment from signature campaign on a coin. Started last month and investing my first week pay of every month into this coin. I am really happy about it. Happy to see OP's message likewise. Such a small investment will pile up one day and will give a big support financially. Let it be a crypto or fiat savings, its a good practice though to gain a lot.

certainly something that is not easy to do what you do, with every week saving in coins and plus the salary that is also invested there. because we know that a while ago bitcoin always decreased and if you are impatient and have high optimism, you can sell it so you don't lose too much.

appreciation for what you do because it takes a high level of trust to be able to run the same as the op did. we clearly know that at any time bitcoin will be able to increase and definitely. but if you look at it every week you can be sure there is a different feeling in doing it. clearly requires a high level of willpower in accepting what is done.

It is a bit unclear what you are wanting to say, yohananaomi.

Of course, there can be difficulties in investing into anything, so in some sense in terms of attempting to make the investment less difficult, you should attempt to tailor to your individual circumstances in order that you do not invest too much, and also there are likely needs to work on your own psychology in terms of not necessarily being tempted to cash out too much too soon.

No one can completely inform you how to balance your various individual factors in order that you are feeling neither over invested into BTC and that you also may well be able to invest enough to make a significant difference in your life in the long term  - while knowing and appreciating that BTC UPpity price performance is not guaranteed - even while it is likely amongst the best (if NOT the very best) long term investment that anyone could be making.

If you fail/refuse to adequately account for your own various circumstances including but not limited to cash flow, risk tolerance, timeline, other investments, view of bitcoin compared with other investments and time, skills and abilities to plan, strategize and tweak based on learning including considering reallocating from time to time and trading and the employment of various financial instruments.  Of course, trading and the employment of financial instruments are increasingly more advanced techniques, but still any investment, whether referring to bitcoin or otherwise is going to be better tailored to your own circumstances by attempting to adequately account for your own circumstances.

What a great steps. I almost lose hope with my bitcoin few months ago when  price of bitcoin keep reducing till last month ending when the price hit $47k few days ago, to show that this month it will be massive pumping in the exchange market. I invested $150k few months ago but right now my profits is improving base on the strategy's am using to carry out my bitcoin investment.
Many bitcoin users will keep follow this your steps, that helped you to get to where you are today. This steps will really help many newbies who don't have faith with their bitcoin holding to start believing what they are holding right now that some day it will increase massively in the market to enable them to achieve something good.

Anyone who might have $150k that they are able to invest can consider a variety of tactics including lump sum investing, DCA investing and buying on dips. 

Of course, a lot of normies do not have lump sum amounts that they are able to invest (including likely the situation of OP), so sometimes with a lump sum, there can be some strategies in figuring out how to divide up the amount that anyone investing into BTC may well have available, all at once, or to supplement the investment plan with DCA and buying on dips, as well as the lump sum technique that you, proTECH77, seem to have employed.