What is your plan with Bitcoin?

[BrittanyA]

Bitcoin is the largest digital cryptocurrency and so far, no other 9,500 cryptocurrencies have been able to exceed the mark set by Bitcoin.
I think bitcoin is still the way of the future. Whenever I have extra money, I will reserve to choose the right time to buy bitcoin. I look forward to 2024 coming.

[albertorma]

I've been into bitcoin for a while. My personal strategy is allocating 100% of my portfolio to bitcoin no matter what the price is. It feels like the natural thing to do because trading implies third party risk and FIAT money implies trust. The only way I can be 100% certain about my money in a comfortable way, is holding bitcoin. I would have never regret loosing money on bitcoin as much as I would regret having ignored such a brilliant idea in case of being successful.

Some people might consider this strategy greedy, but for me, what's greedy is blindly believing in the FIAT money fraud. Allocating 100% of your portfolio to bitcoin will likely work for big portfolios or young people, specially given the current price circumstances.

[doomloop]

If we could hold Bitcoin the same way we hold gold, all of us holders would be benefited. Being a holder is easier to say but more difficult to be a good holder. A true holder knows how much adversity to hold on. The OP here deserves credit if he can hold bitcoins according to his speech  he's going to get big reward in the future.

If it's just saying and giving directions to other people it's very easy, theory is easy for us to understand but if we have gone into direct practice it will be a very big test for us, almost everyone says investing in bitcoin in the long term will give us profits which is very big for us, but people who already hold bitcoins are very difficult to maintain the bitcoins they have, because we are unable to resist the temptation that comes and we also cannot control the bitcoins that we hold because of the many negative posts from the media and from people who anti bitcoin, so if there are people who have gained wealth from bitcoin because they are able to hold bitcoin for a long time, we should give them appreciation.

Theory is not that easy neither, because lack of studying how to become a better investor or trader is something people rarely do. So that means they are not ready to practice and lack of experience is not the only problem.

People should study for months before they spend a single dollar in crypto world, and learn how to be great at what they want to do, and when they feel like they know it all, then lack of experience will become the issue and with more experience and studying they will do wonders. However, people just join right away without studying at all, and that is a key aspect of these things, they should be focusing a lot better on how they should get ready.

[uneng]

Just wondering how everyone else invests in Bitcoin? How often do you buy and how long do you plan to hold?

I don't buy bitcoins. I try to not spend the ones I earn from online tasks and jobs. This way I can grow my holdings for the future. I regret for not having sold my coins on the last bull run of 2021, so I could have built my patrimony by acquiring a piece of land and making it productive for a living. So I hope we have another chance in the next few years to see bitcoin rising again to the previous ATH or even higher prices ranges. If that happens, I won't waste the opportunity twice, I'm definitely going to sell my BTC, because I'm too tired of waiting and seeing my life going by without further development...

[Ahli38]

Because my goal of investing in bitcoin is for the long term. then of course I also continued to do the DCA Strategy.
But I often change my DCA strategy.

Initially, I just kept buying gradually every week or every month (depending on the readiness of the money I had) and without paying attention to the price I got when I bought it.

But then I changed my DCA buying strategy by placing a buying entry at a certain price point where bitcoin is expected to pass. so that I don't have to worry about missing a purchase when the bitcoin price drops drastically.
and of course after the purchase entry is filled, I immediately transfer it to my personal wallet, which is specifically for long-term investments.

But around these few weeks or months Iam back to slightly modified my DCA strategy in collecting Bitcoins. then I adjust to market conditions or global economic analysis. because in reality decisions and policies such as World Bank interest rates. always have an effect on rising and falling prices. and this can be used to decide when is the right time to enter. because it's for the long term. then I think I should be more careful in accumulating. with maximum analysis can keep us away from excessive feelings of fear.

and remember DCA is done so that our average purchases become relatively cheaper when accumulated. so that we get the maximum profit when one day the bullrun comes.

whatever our investment plan for bitcoin. sometimes a change of plans is necessary.

[xSkylarx]

My goal is to hold Bitcoin until it reaches £500k - £1m, i know it will take a long time but will be worth it.

Just wondering how everyone else invests in Bitcoin? How often do you buy and how long do you plan to hold?

That is a huge profit and long way to go. I think you should forget that you are holding a bitcoin since it will take decades or more to reach this, but Bitcoin is very volatile, so we really don't know. If you continue to monitor the price of bitcoin on a daily basis, I believe you should lower your target price, even if it reaches $100,000, because you've already made a lot of profit on it. My plan is  I only sell it when I need it, so it will be a few years before I sell it, depending on the price so that I do not lose money. 

[sulendra12]

Since then I have been DCA every week and currently own 2% of a Bitcoin at an average price of £17,900.

Doing DCA for now until I have live saving for retirement so I can inherit the wealth to my kids when the time comes. If you can reach the highest price "possible" for Bitcoin in next decade then maybe that's good for you but  I will keep it real and just withdraw it how many profit you can capable to handle of and I can let my kids use the partial of that wealth for their generations. I think that's my plan for now.

[DaNNy001]

Few years back i never truly understood how all the whole bitcoin ecosystem worked and i had a novice view towards bitcoin and i was thinking that it was just one of those platforms where you get triple of your capital when you just invest for little time.  so i told my friend to buy for me and was expecting it to increase the following day but i never knew that bitcoin was a votalile currency and can change its rate at any given time. But after been introduced into the bitcoin forum atmosphere i understood alot more about how the bitcoin system works and currently now that we are experiencing a  bear market i decided to buy as much BTC as i can to hold it until the market rises again like that of 2020 then am sure the BTC i bought might have risen to significant value and am planning to hold as long as I can ...

So for am holding my btc until the market gets to a significant amount.

[ilovealtcoins]

Bitcoin (BTC) is a cryptocurrency, a virtual
currency designed to act as money and a form of
payment outside the control of any one person,
group, or entity.

it failed being money or a form of payment .
in current state , bitcoin is a virtual asset with limited supply .

It is a virtual asset, not real but it can be used to replace currency or become a method of payment or even an investment. And nowadays most people just consider bitcoin as a profitable investment rather than using bitcoin in other circumstances. Everyone just wants profit, nothing more, nothing less.

[Bobrox]

That is a huge profit and long way to go. I think you should forget that you are holding a bitcoin since it will take decades or more to reach this, but Bitcoin is very volatile, so we really don't know. If you continue to monitor the price of bitcoin on a daily basis, I believe you should lower your target price, even if it reaches $100,000, because you've already made a lot of profit on it. My plan is  I only sell it when I need it, so it will be a few years before I sell it, depending on the price so that I do not lose money. 

I think huge expected and almost seems impossible with Bitcoin price target above $500,000 current price right now still under $17,000, I think many people over confidence when targeting about Bitcoin price until $100,000 without check with current price early. I know with any impossible thing in cryptocurrency and Bitcoin potential reach highest price, but think realistic with Bitcoin still under $17,000 in this month and drop price at this years seems little possibility for Bitcoin can reach highest price again above $100,000.

Sure Bitcoin have potential back to higher price again but I think stuck under $60,000 seems realistic with many community will used short position at future trading and make many bad news for Bitcoin can drop after reach highest price.

[Essential10]

I have a new plan with Bitcoin. I wasn't that aware of the DCA system at the beginning of the forum. Gradually I understand and learn about DCA. I quite like the DCA method and would like to make future investments using this method. Bitcoin halving is not long, I am looking for an additional source of income using the DCA method, hoping to pick up a part time job in the first week of February. I intend to invest in Bitcoin consistently for long term following the DCA method every week as per my plan.

[Inwestour]

Bitcoin is really a nice investment and despite it's volatility, there are a whole lot of investment and business opportunities in Bitcoin.
It seems from your lost you already have lots of knowledge in Bitcoin already especially when to buy and when not to buy, but the general truth is that we should always buy Bitcoin at every little opportunity that we grab.
Bitcoin has come to stay and it is the investment of the future but one thing that bothers me is the mentality that has been instilled in people as if selling Bitcoin when they make some profit is wrong and this is bad because the general concept of saving or investment is to back something to fall back when the need for money arises without bothering anyone.
I always buy Bitcoin at every instance I get, and I'm holding as much as I can.

There is nothing wrong with selling Bitcoin, but only if the holder understands when is a good time to buy and when to sell. For example, you can buy only in a bearish market using DCA, and sell only in a bullish market, no sooner than the price reaches ATH, but you also need to set realistic goals. You should not expect that Bitcoin will be able to do x10 - x20 every cycle, Bitcoin is becoming a large capitalization asset, and most likely it will change.

[Zanab247]

Since this long bear run occur in the market, I don't think I can hodl more than 5 years before I can sell to make profits from the market because it look like the bull run will happen this new year because I know that the price will not fall down to $40k before it will increase higher.

I know that before the end of 2026, the price of BTC will reach $80k which is my target before I will sell the little BTC I bought when the price was low in the past, but the price of BTC to hit that amount you are expecting before you can sell, I think it will take you a long hodling before it will come to reality.

[2Pizza410000BTC]

Hi all,

I started investing in crypto February this year but due to the high price of Bitcoin did not start investing in it until mid June just after the crash.

Since then I have been DCA every week and currently own 2% of a Bitcoin at an average price of £17,900.

My goal is to hold Bitcoin until it reaches £500k - £1m, i know it will take a long time but will be worth it.

I am hoping these current prices last a lot longer so that we can all continue to DCA at low prices.

Just wondering how everyone else invests in Bitcoin? How often do you buy and how long do you plan to hold?

I am investing in DCA method with weekly earnings and there is no other way to invest by buying bitcoins. DCA approach to investment is the best investment approach. Anyone can increase investment using DCA method if they want. I always appreciate your investment method you will reach your goal very soon and Bitcoin will definitely go from $500k to $1M but you should continue investing with DCA method for more time.

[Bd officer]

OP, the step you have taken to invest in Bitcoin is really commendable. The best way to invest in Bitcoin is to invest in the DCA method. In DCA method if even a low income person invests slowly then the investment amount will be much higher at one stage. OP, you should be patient and keep investing in DC method, halving is going to happen this year, hope you get a lot of profit in 2025.

However I am currently investing in the DCA method. I don't have a lot of income, but I am investing in DCA method from a small income. I can't afford to buy 1 bitcoin, but my goal is to increase my bitcoin amount a lot.

[Bitcoin_people]

My goal is to hold Bitcoin until it reaches £500k - £1m, i know it will take a long time but will be worth it.

If your goal is to hold Bitcoin for a long time then this is a great objective for you and your future. If you have a good amount of bitcoins then it will definitely help you to make good profits in future. If you bought Bitcoin using the DCA method, you are definitely in a huge profit right now because the price of Bitcoin was much lower at the time you bought it. Since you plan to hold long-term when you hold until $500k - $1M you will definitely get something valuable, but definitely use a wallet to keep your money safe.

I am hoping these current prices last a lot longer so that we can all continue to DCA at low prices.

If you want to increase the fraction of your bitcoins, you must always adopt the DCA method. When you continue to buy Bitcoins using DCA you will have a lot of profit and you will benefit. If you can buy regularly or once a month using DCA method from a low price then it will definitely be worth it for you and you have good earning potential from it in future.

Just wondering how everyone else invests in Bitcoin?

Most of the people who are smart invest bitcoins using DCA method and they get a lot of profit using this method. When I was not using DCA I used to suffer loss most of the time but since started using DCA method I have gained trading and investing.

How often do you buy and how long do you plan to hold?

People always buy bitcoins with long-term plans and this is the most important element of investing only to hold. You will not be able to earn well unless you are able to hold so you only buy and hodl for long term. I always plan to buy using DCA once or twice a month to invest and hold and try to hodl it until the bull market. Of course, I plan to hold the fractional bitcoins I currently have long-term and sell them until the bitcoin price reaches the maximum ATH.

[Assface16678]

OP, the step you have taken to invest in Bitcoin is really commendable. The best way to invest in Bitcoin is to invest in the DCA method. In DCA method if even a low income person invests slowly then the investment amount will be much higher at one stage. OP, you should be patient and keep investing in DC method, halving is going to happen this year, hope you get a lot of profit in 2025.

However I am currently investing in the DCA method. I don't have a lot of income, but I am investing in DCA method from a small income. I can't afford to buy 1 bitcoin, but my goal is to increase my bitcoin amount a lot.

Well its okay to do DCA that is one of the alternatives when it comes to investing in bitcoin and want to hold t for long term but the thing is don't just buy and buy whenever you want and you can, because as I see many saying they also do DCA method and nothings wrong about that, but you are missing a big point, even you are doing DCA you still need to consider the market, I mean you should know how to analyze the market because yes you are just buying a portion of bitcoin but of course if you buy in a wrong position and the price goes down then the portion you've brought that time might be liquidated, meaning your portion of that satoshi will be gone, so always be careful before you brought bitcoin, always move with caution and always analyze the market or your move to the market.

[Lorence.xD]

OP, the step you have taken to invest in Bitcoin is really commendable. The best way to invest in Bitcoin is to invest in the DCA method. In DCA method if even a low income person invests slowly then the investment amount will be much higher at one stage. OP, you should be patient and keep investing in DC method, halving is going to happen this year, hope you get a lot of profit in 2025.

However I am currently investing in the DCA method. I don't have a lot of income, but I am investing in DCA method from a small income. I can't afford to buy 1 bitcoin, but my goal is to increase my bitcoin amount a lot.

That's really the best way to take advantage of Bitcoin's volatility by depending on when to invest in the market cause if you all your funds into investment. Well, there's also nothing wrong since it's still an investment if you invested at the right time you would be riding to the moon. DCA method is a good way to invest as long as you are consistent cause you wouldn't have to think of a huge amount for investment but a good timing when to enter the market.

That's the important thing in investment is that you have a goal, cause if you don't have any goal to achieve for sure you would be selling at the time that Bitcoins moved into the market. Without any plan could also lead to unwise calls and decisions. No need to rush to accumulate 1 Bitcoin, take your time and eventually we will get there.

[cryptoWODL]

OP I've been investing my bitcoins with the dollar cost averaging method for several years like you. But my plan is not so big like yours. The dollar cost averaging method is best for those who do not have the money or ability to purchase large amounts of bitcoins at once. Those with low incomes can invest in Bitcoin very comfortably using the Dollar Cost Averaging method. My plan is that I want to hold Bitcoin for 10 years and sell it when the price of Bitcoin goes above $100,000.

I am investing or saving my bitcoins for my children's future. My plan was to invest in bitcoins when my investment in bitcoins completes ten years when my child is about 13 years old then I will use my investment money for him

[CODE200]

OP I've been investing my bitcoins with the dollar cost averaging method for several years like you. But my plan is not so big like yours. The dollar cost averaging method is best for those who do not have the money or ability to purchase large amounts of bitcoins at once. Those with low incomes can invest in Bitcoin very comfortably using the Dollar Cost Averaging method. My plan is that I want to hold Bitcoin for 10 years and sell it when the price of Bitcoin goes above $100,000.

I am investing or saving my bitcoins for my children's future. My plan was to invest in bitcoins when my investment in bitcoins completes ten years when my child is about 13 years old then I will use my investment money for him

You don't know it yet but you'll eventually hit big and the amount that you're investing in DCA will go up and it will eventually snowball, build other forms of income so you're increasing your investment even just a little, hardwork goes a long way as you combine it with smarts and knowledge of different ways to make money, you'll be fine. The moment that you've invested in bitcoin, you've secured your future somehow that you're not going to go zero with your money anymore because you're financially smart and aware just like most of us here and that awareness is learned here because we want to maximize what we've got and not regret doing something wrong with our investments.