What is your plan with Bitcoin?

[JamesDaniel90]

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?

[Kemarit]

Same as you, buying bitcoin in weekly status or at least when I have fiat at hand and just be a HODL. And since we are in a bear market, they are in a discounted price so we should take advantage of it.

And it's also a long term goal for me, I have stocks that I have hold for more than 10 years now so I believed that I can do that to bitcoin or even longer, (at least 3 bull run cycles), so let's see.

[n0ne]

What you've done is good. Ongoing market movements were good for DCA, and it is time to make use of it to the maximum. For now I don't have any specific timeline for the holding. I keep holding and sell when I find the price to be high or when a new ATH is being reached. For now from experts view the bear market is supposed to stay long with volatility level supporting trade moves. So, this is a right time to make an entry.

[Rigon]

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?

You have to wait a long time for your thoughts to come true.Observing Bitcoin's history and taking expert advice suggests that Bitcoin will take a good position very soon.But you might be lucky enough to be able to invest in Bitcoin at a very low price.May you hold on for a long time. Never lose patience Bitcoin will surely fulfill your dream.If we invest in bitcoins we cannot keep it for a long time. If the price increases a little and from there some amount of profit is actually sold But we don't have that energy to keep for long time because we can't invest for long time due to family.A little profit has to be sold and spent on family work.

[goinmerry]

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

As a usual approach, I just accumulate, if possible, regardless of what's the price. Depends also on the budget.

There's no specific period for how long should I plan to hold. It really depends on how I looked at a certain trend.

But one thing is for sure, I can't afford to hold it for years or plan on holding it within that long timeframe due to the fact that, there are several factors and considerations why should I sell at some point. Sometimes even though I like to hold, there will always be a time that I can't follow it.

[TravelMug]

It's obvious that someone's plan is to save as much bitcoin as we can throughout this bear market. If someone has sold everything during the last spike, then good, this is another period to accumulate. And if you didn't sold then continue to amass because the price is cheap. As to what is my preferred price to sell my stash, hard to answer, we all know how scarce bitcoin is, so sooner or later the demand is going to grow. Very difficult unless there is a very important reason to sell your BTC.

[ChiBitCTy]

That’s a good way of providing yourself good/low entry points, after all no one really knows where the price is heading at any given time.  Dollar cost averaging is a popular investing strategy and has been for a very long time and for a reason. By the way I personally would not share with other how much you have with anything whether that’s how much bitcoin, or investments in this stock or that, I’d keep it private. Just my 2 on that.

[mk4]

Pretty simple — continue staking slowly but surely, and spend it as much as possible when needed (unless it's the case that I hold too much fiat).

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

[Don Pedro Dinero]

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 also do DCA but in the next cycle or when the market overheats and we see that we break the highs, it is not bad to trim a little of what you have invested and take advantage to spend some bitcoin, because waiting for half a million or a million can take a long time. Having 2% of a bitcoin is not much for now but as you accumulate more and it becomes a large percentage of your net worth it is worth thinking about what I am telling you.

The fact that bitcoin is in circulation also gives it value. As popular as HODL is, if no one transacted with bitcoin, it would be worthless.

[Fara Chan]

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

In investment terms, we have to put something in the coin that is worth holding on to, so that at any given moment we can see a suitable return, you are doing something right in bitcoin, it just takes time, because right now may not be the right time to let go.

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

Many people do different strategies in carrying out investments, but almost generally people make purchases when prices are low, sometimes people make long-term investments to increase their profit portfolio, but it's also not wrong to use short-term to make small profits, the most important thing is how prepared we are in carrying out investments, both using long-term and short-term

[mindrust]

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?

You'd have to wait for a long time to get that price range imo. I would wait for a more realistic price if I were you, like $100k or even below. $50-$100k is a nice target I think. If you are very young then sure, wait for $500k but don't get mad if it takes multiple decades.

You were wise to start DCA'ing now when the prices are low. A lot wiser than who started DCA'ing when the price was $60k+.

[electronicash]

price will stay low for a long time because it won't shoot to the moon before halving. two years more so you are lucky that you can afford to DCA weekly. many users in the forum earns BTC thru campaigns. that's just what i would do as well.  but i would rather be trading though than keeping it on a cold wallet.

[Wexnident]

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

I try to be pretty stable with it but I mostly do it every 2 weeks at least or 1 month at max depending on the current state of my funds. I plan to hold for a long time, especially with the current state we have right now, I see no plans to actually sell and I suck at trading so big no for that one. Been DCA'ing since when Bitcoin started dipping from the last ATH, afaik I'm down by quite a bit but I don't really mind. I don't (and want) to look at it since might get weak hands if I do.

[Kakmakr]

I bought my first bitcoins when the price was just over $300.... but I was tempted to sell some of it when the price went over $1000. This is a very common mistake that early investors are making, because they have not experienced a 800%+ increase in the price of Bitcoin...so a 200% profit in their investment...seems to be too tempting.

I have learnt from my mistakes.... so I buy low.... use some coins (20%) and I hoard (80%) for many years... until Bitcoin reach it's next all-time-high price. I then sell some coins to make a profit and I keep some for the next all-time-high. (also buying more when the price drop) 

[ethereumhunter]

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?

You have a good plan to hold bitcoins for a certain period. That is the purpose of investing because we want to take profits within a certain period and not sell our assets if we are not in a situation that really needs money.

I also buy using DCA like you because I want to sell bitcoin at the new ATH price later. And I also know that it won't happen any time soon so I can hold it in for a while. Maybe I'll hold it for 1 or 2 years later but it depends on when the price will hit the new ATH.

[BTC2daIzzo]

I get a portion of my salary in BTC, I try not touch it if possible. Sometimes I'll exchange for ETH or another top altcoin, but mostly just HODL. I'm essentially DCA automatically with my salary.

[kamvreto]

~snip~I also buy using DCA like you because I want to sell bitcoin at the new ATH price later. And I also know that it won't happen any time soon so I can hold it in for a while. Maybe I'll hold it for 1 or 2 years later but it depends on when the price will hit the new ATH.

if the target you set is clear, then you only need to prepare money to continue buying at the lowest bitcoin price. You should of course use money that you don't use in the future. I expect ATH to be reached in the near future maybe not more than 1 year, but it also depends on the state of the market and the state of the world economy. and there will be a lot of manipulation done by whales.

[Issa56]

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

You have made a brilliant decision to invest in bitcoin, Bitcoin will definitely reach £500k - £1m one day but you should be ready to hold for long time, am sure nobody can predict when the price will get their but if you have patience then HODL and you will be proud of yourself one day.

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

Depending on your choice or your source of income, you can even decide to be investing daily if you are being paid daily, so everybody investment pattern is different. Like me I always invest in bitcoin whenever am having extral cash which I won't be using for that moment, I just buy bitcoin and ignore it in my wallet.
Am ready to HODL my bitcoin for as long as possible, the bitcoin am holding currently, am planning to give my unborn children and am not even married yet so I don't have plans to sell my bitcoin soon.

[BTC2daIzzo]

In the future, countries where you can travel with Bitcoin without a visa will grow, that's my dream

Man that would be the dream! If this happens by the time BC gets to $500k, ill buy a few properties and sit on the beach all day.

[xzy887]

but i would rather be trading though than keeping it on a cold wallet.

Trading is not easy, you may have a good knowledge of the market but those who do not understand this crypto currency will loss a lot when trading for the first time. But if he wants to develop himself as an expert trader then he needs to acquire a good knowledge about cryptocurrencies, not only about trading.So I say don't go trading without good knowledge about crypto currency otherwise you will loss and get disappointed. Later you will have no desire to trade.