What is your plan with Bitcoin?

[aquafinewater]

I,m starting my crypto journey last year but due to high volatility I won't make good profit so I decided to first learn about crypto and also  start investing in every big dump so  in future I'm sure Bitcoin give us great return ...

[smartaction]

I bought 1 bitcoin 29th june with bank loan. Although I am repaying the bank in installments at a fixed rate every month.  When my bank loan is paid off that Bitcoin will be an asset of my own.  And I plan to hold it for a long time.  At least 5 years.  Because I believe Bitcoin will become a very valuable asset in the future. Then maybe this 1 bitcoin will be enough to make me a big rich.

Have you calculated how much overpayment you make to the bank on the loan? And for what period did you take out a loan? I never liked loans, I don't like being indebted to anyone, and I never even thought about taking out a loan to buy bitcoin. But it may work in the future, when bitcoin rises in price, the profits can be very substantial. The most important, to be able to repay this loan.

The bank ask to me 10% APR overpayment and they gave me 3 years of time. it will charge 30% of return to me . and i have borrowed $10k and i have to repay to bank total of $13k in 3 years (36 Month) I paying them $360 per month. And I am paying it to the bank every month from my real job salary. I'm not afraid of it yet.  And am I happily giving it up because I have a full of 1 bitcoin which is my future  big asset

The step you have taken is actually not preferable as it is very risky. But you have a positive side that you have another job for repaying your loan . Otherwise, a common man should invest as much as he can afford to lose. But it's true that if you can hold it for long then you will of course saw the profit. I hope you can double or triple the profit of your invested funds in two to three years.But I wouldn't suggest to anyone to do this that taking loan for trading.

I am thinking that in three years I have to pay them back all money to the bank with only 30% profit. and i believe bitcoin will make a ATH at $100k in future . if i can hold my btc atleast 5 years then it may make a new ATH then around $100k . If it works as per my target then I will get 500% profit from it . That would be a big success for me . I am waiting for that. and i believe in a words  no risk no gain

[BobK71]

I bought 1 bitcoin 29th june with bank loan. Although I am repaying the bank in installments at a fixed rate every month.  When my bank loan is paid off that Bitcoin will be an asset of my own.  And I plan to hold it for a long time.  At least 5 years.  Because I believe Bitcoin will become a very valuable asset in the future. Then maybe this 1 bitcoin will be enough to make me a big rich.

Have you calculated how much overpayment you make to the bank on the loan? And for what period did you take out a loan? I never liked loans, I don't like being indebted to anyone, and I never even thought about taking out a loan to buy bitcoin. But it may work in the future, when bitcoin rises in price, the profits can be very substantial. The most important, to be able to repay this loan.

The bank ask to me 10% APR overpayment and they gave me 3 years of time. it will charge 30% of return to me . and i have borrowed $10k and i have to repay to bank total of $13k in 3 years (36 Month) I paying them $360 per month. And I am paying it to the bank every month from my real job salary. I'm not afraid of it yet.  And am I happily giving it up because I have a full of 1 bitcoin which is my future  big asset

The step you have taken is actually not preferable as it is very risky. But you have a positive side that you have another job for repaying your loan . Otherwise, a common man should invest as much as he can afford to lose. But it's true that if you can hold it for long then you will of course saw the profit. I hope you can double or triple the profit of your invested funds in two to three years.But I wouldn't suggest to anyone to do this that taking loan for trading.

I am thinking that in three years I have to pay them back all money to the bank with only 30% profit. and i believe bitcoin will make a ATH at $100k in future . if i can hold my btc atleast 5 years then it may make a new ATH then around $100k . If it works as per my target then I will get 500% profit from it . That would be a big success for me . I am waiting for that. and i believe in a words  no risk no gain

In this case, the first thing I need to know how long ago you made the loan? Since Bitcoin is long-term bearish, those who make short-term plan for Bitcoin must change their plans. It is true that Bitcoin will cross another ATH in the next 2 years. And it will be easy to make profit with repayment of borrowed money through ATH. Besides, everyone knows what can happen when Bitcoin starts roaring.

[Whiteness]

I,m starting my crypto journey last year but due to high volatility I won't make good profit so I decided to first learn about crypto and also  start investing in every big dump so  in future I'm sure Bitcoin give us great return ...

you need to make a plan of investment in dumps. not every dump is for investing. sometime a dip gets dipper and dipper. so it is better to gain proper knowledge first and then invest only as much as you can afford to loose. do not invest all your money.
you can also increase your profit by learning trading and other earning methods.

[Mauser]

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

I am also buying Bitcoins at the moment, like you I use a DCA where I buy coins at the end of the month for 10 months now. If I had more time and more money I would probably also buy weekly like you, unfortunately with the rising inflation I have less money available and now only for certain when I get my next paycheck. DCA seems the best approach when you want to buy continuously, it removes the pressure to buy at the lowest possible and let's us worry less about the timing issue. My current plan is very simple, reach 1 BTC. Up until this point I am not going to sell any coins. Back in 2016/17 I had already quite a lot of bitcoins but made a big mistake by selling all cryptos when I stopped trading CSGO skins. That is why I am now a HODL investor to never make the same mistake again. Even if I ever consider selling some coins again I would always keep a large amount. 

[xSkylarx]

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

With the current bear market condition, I buy every 15 days of the month which is also my salary day. I use half of the remaining amount of my salary to buy bitcoin and other crypto to prepare for the next bull run. My plan actually is to hold it for many years and just use it when I retire. If it give me a good amount of profit like 300% of my investment in the next market cycle, then I will sell some of it just to recover my capital then hold the remaining which will go in my retirement fund.

[Peanutswar]

Currently the market is in the red era which is the bear only few people can possible make an earning with it because of the down price of the assets they have also this is a good opportunity to the people at the same time to buy more bitcoins and other coins at the lower price and make a hold until they reach the target multiplier of the asset profit they want. Currently my plan is to accumulate as much as possible a lot of coins until the halving and sell for the another ATH.

[Wapfika]

Currently the market is in the red era which is the bear only few people can possible make an earning with it because of the down price of the assets they have also this is a good opportunity to the people at the same time to buy more bitcoins and other coins at the lower price and make a hold until they reach the target multiplier of the asset profit they want. Currently my plan is to accumulate as much as possible a lot of coins until the halving and sell for the another ATH.

Those who still have a lot of budget to do short trading and buy can still earn and sell even just in small profit. The sad thing in this bear season is we didn’t expect it to go this deep to long that I am not able to save to buy and do short trading. I know some who still able to earn just in small pump or hype of their coins since they still have extra money to buy. If we’re too afraid to do short trading since it’s too risky then accumulating and considering it as a long term investment or for future profit then buying at these time can be too profitable in the future once the market recovers.

[posi]

I bought 1 bitcoin 29th june with bank loan. Although I am repaying the bank in installments at a fixed rate every month.  When my bank loan is paid off that Bitcoin will be an asset of my own.  And I plan to hold it for a long time.  At least 5 years.  Because I believe Bitcoin will become a very valuable asset in the future. Then maybe this 1 bitcoin will be enough to make me a big rich.

Have you calculated how much overpayment you make to the bank on the loan? And for what period did you take out a loan? I never liked loans, I don't like being indebted to anyone, and I never even thought about taking out a loan to buy bitcoin. But it may work in the future, when bitcoin rises in price, the profits can be very substantial. The most important, to be able to repay this loan.

The bank ask to me 10% APR overpayment and they gave me 3 years of time. it will charge 30% of return to me . and i have borrowed $10k and i have to repay to bank total of $13k in 3 years (36 Month) I paying them $360 per month. And I am paying it to the bank every month from my real job salary. I'm not afraid of it yet.  And am I happily giving it up because I have a full of 1 bitcoin which is my future  big asset

The step you have taken is actually not preferable as it is very risky. But you have a positive side that you have another job for repaying your loan . Otherwise, a common man should invest as much as he can afford to lose. But it's true that if you can hold it for long then you will of course saw the profit. I hope you can double or triple the profit of your invested funds in two to three years.But I wouldn't suggest to anyone to do this that taking loan for trading.

In this case, I don't think there is too much risk, he has calculated this plan quite carefully. He has a job outside, a stable income and is able to pay his debts every month. We're in bear season and bitcoin is really cheap, that's what he's counting on, if he has no other income then that is to blame.

The total interest and loan he has to pay is $13k and for 1 BTC if he can hold till next bull season and if BTC can reach $100k the profit is worth it worth what he tried. If things don't go as he calculated, bitcoin price doesn't hit $100k then he also has his own asset of 1BTC.

[G_Besar]

I,m starting my crypto journey last year but due to high volatility I won't make good profit so I decided to first learn about crypto and also  start investing in every big dump so  in future I'm sure Bitcoin give us great return ...

You still have time to find good gains from Bitcoin as long as the steps you build are always better and never make mistakes. Because learning about crypto with persistence and running an activity as a job you love is a very wise thing and it can lead you in a better direction. So keep studying wisely.

you need to make a plan of investment in dumps. not every dump is for investing. sometime a dip gets dipper and dipper. so it is better to gain proper knowledge first and then invest only as much as you can afford to loose. do not invest all your money.
you can also increase your profit by learning trading and other earning methods.

That is one suggestion that should also be considered. Because investment is not something that must be forced if the ability is still not above average. This means that investment is something that anyone can do with the basic knowledge they already have and also every investor must understand the risks so that there will be no regrets when he gets a loss through the investment he made.

[andriarto]

I buy bitcoins when I get paid from this forum, can't buy bitcoins every week because I invest by putting aside my work, and sometimes if I need money I sell my btc, and buy again when the price drops
my plan is if the btc that I have currently will hold it until btc is priced at 80-90k $ if it arrives hopefully I can hold my bitcoins

indeed holding bitcoin is not an easy problem, moreover we already have a clear target, but psychological pressure is always there, when we already have a profit and have not reached the target then our minds will be affected if bitcoin experiences a dump again. therefore it takes mental resilience to hold bitcoin until the bullish season comes and the target is achieved. and of course for now it is suitable to collect bitcoin

[AjithBtc]

I push myself to make 1BTC and keep hold of it for my kids, but how far this is gonna be turn into reality is still unknown. With the hope of achieving it trying the best. In the past I found it to be an easy thing, because the price was low. But, at that time it looked unaffordable and now what we've got looks unaffordable.

[Japinat]

Mostly holding and buying more while selling to buyback.

Things are not so cool in many countries such that they are going to allow bitcoin transactions easily. Hence for many users of this forum coming from such countries, they can only hold. Of course this leads to the habit of spending on bitcoin based casinos, but if that is kept on hold, I think a person can accumulate a good number of coins during a few years during every crash.

Hoping to see merchants accepting crypto because that would be the next big thing here.

That can be still viewed as a good thing while hodling bitcoins while those specific countries are not open to allowing the hodlers to do simple bitcoin transactions yet, just keep them and refrain from spending them in casinos that accept cryptocurrencies but if such actions can't be avoided then it's much better to convert them first into some other altcoins that aren't so volatile, unlike bitcoin to avoid losses in the future.
Just be optimistic mate because sooner or later, your country will be more open and starts accepting bitcoin transactions. Just hod it for now!

[bestcoins1]

I buy bitcoins when I get paid from this forum, can't buy bitcoins every week because I invest by putting aside my work, and sometimes if I need money I sell my btc, and buy again when the price drops
my plan is if the btc that I have currently will hold it until btc is priced at 80-90k $ if it arrives hopefully I can hold my bitcoins

The steps you take by buying Bitcoin when you get paid from this forum are very precise and very good. But when you invest by putting aside your main job and selling Bitcoins that you already have when you need money, it is a very inappropriate and very bad step because it will make you a little less consistent in carrying out your investments and also in storing the Bitcoins you have bought. So how can you hold Bitcoin for $80K - $90k if you always sell Bitcoins when you need money?

indeed holding bitcoin is not an easy problem, moreover we already have a clear target, but psychological pressure is always there, when we already have a profit and have not reached the target then our minds will be affected if bitcoin experiences a dump again. therefore it takes mental resilience to hold bitcoin until the bullish season comes and the target is achieved. and of course for now it is suitable to collect bitcoin

Not everyone is able to hold on for the long term if they don't have a side job to cover their current needs, because if you only talk about mentality to someone, maybe it will. But as for the patience of each person in holding Bitcoin, I think it is a little different for each person because those who have no other job and only rely on profit on Bitcoin, then they are very rarely able to hold Bitcoin in the long term when they need money suddenly.

[swogerino]

Hoping to see merchants accepting crypto because that would be the next big thing here.

That is something lacking unfortunately.I also hope this happens soon and I am surprised Amazon and other big worldwide marketplaces has not already start accepting it,it would only bring them benefits as it will translate in more people buying things there.

There are small websites,like investments ones,paid to click,traffic exchange,data entry typing sites that accept it or offer to pay with it but unfortunately this is a very low number of businesses online accepting and dealing with cypto in general that also has a very specific user base.

[Pandu Geddon]

Not everyone is able to hold on for the long term if they don't have a side job to cover their current needs, because if you only talk about mentality to someone, maybe it will. But as for the patience of each person in holding Bitcoin, I think it is a little different for each person because those who have no other job and only rely on profit on Bitcoin, then they are very rarely able to hold Bitcoin in the long term when they need money suddenly.

I believe most of the target for bitcoin investors (especially beginners) is price, not planning a long enough time frame.
it is difficult to hold bitcoin in the long term. but everyone in the market knows, that bitcoin will be better suited for the long term. not like short gains from trading. bitcoin has shown tremendous growth over the past few years.
someone who is thinking about long-term investment. must have firmness in holding. if out of necessity it is very easy to take it off, I think trading would be more suitable.

[CryptSafe]

As we all know, the price of BTC is down, which is the right time to buy and hold. I am currently buying little by little every weekend till I  achieve my goal and target of holding more bitcoin. My prayer is that the market should be in my favour as I buy more and hold before the next bull run. I think bitcoin still has a long way to go as it is in its early stage. So, therefore, huge profit is possible.

[peteranderson]

The steps you take by purchasing Bitcoin when you get compensated from this discussion are extremely exact and awesome. However, when you contribute by setting to the side your primary work and selling Bitcoins that you as of now have when you want cash, it is an extremely improper and exceptionally terrible step since it will cause you somewhat less predictable in completing your ventures and furthermore in putting away the Bitcoins you to have purchased. So how might you hold Bitcoin for $80K - $90k in the event that you generally sell Bitcoins when you really want cash?

[topman21]

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 will have to wait a long time for your thoughts Bitcoin will get to 500k but it will be a long to long wait.But the position Bitcoin is currently in is an opportunity for everyone to invest from this position In this opportunity those who want to invest long-term invest long-term, but Bitcoin will definitely move to a better position today or tomorrow.

[Alert31]

Buying bitcoin now is an opportunity but holding long term needs a lot of patience. Good for those financially capable because they can hold it without worry about their capital investment even it will be stuck for long term because after bear market bitcoin will surely bounce back. Although we don't know when it will happen, just have patience.