What is your plan with Bitcoin?

[Sweetbtc]

Yes, right decision to Dollar Cost Average (DCA)
 I also think it will move to 100k+ soon. May be in next year. We will be able to see BTC at 100K. 500K is big target for selling it will come but I think it will take too long to reach at 500K£.

[BRINIRHA]

Currently my plan is about holding Bitcoin until the next highest Price. And I know that hold is gold and that's why my plan is very simple.I just want to make a huge profit and that's why waiting for the next bull session.

in the end Holder will win. if he is strong enough to hold up to the highest price then he is really great. not everyone can be strong enough to hold BTC in a bear market situation like now. but if BTC is bought from its current price which is around 18k then holding it for a long time can be an easy thing. because it is not too worried even though the price continues to fall. because the drop from this point won't be too far I think.

[ChiNgadOr]

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

I had a hard time investing in Bitcoin three months ago, I bought/month around $500 in Bitcoin, currently I already have $1500 in Bitcoin, my goal before Bitcoin reaches new ATH I must have 1-2 Bitcoins, I hope my dream can come true, that's my current plan.

This is the best decision we can all make in having a great asset like Bitcoin which in due time to make us very wealthy 8f we can take the opportunity now to keep buying and and buying whether the market keep falling or not. Those who bought Bitcoin at $10 making years ago taking the risk when others keep complaining that Bitcoin will never reach $100 can see for themselves that it is a matter of time for the market to change a new look. We don't need to wait for when the market will start going bull before we keep buying. Buy now ams enjoy the bull market tomorrow.

[Oneandpure]

I am also holding my bitcoins for the next bull cycle which is probably be taking place after 2024. In previous bull cycles I did the mistake of taking profits quickly and buying back again. This gave me some profits but not much. The best way to trade this bitcoin market is to buy in the bear times and take profits at / near the top of bull market. Sometimes it is difficult to time the market with perfect entries and exits, so take multiple entries at every low price and partially take profits after bitcoin reaches all time high again.

Last two years bitcoin not really reaching to higher price and most fluactive with price dump and pump in short term, I think my planning with bitcoin nowadays just short term investment. Soon as possible selling when bitcoin reaching to higher price and got change although 5% until 10%. I am waiting few days or weeks later bitcoin price will drop drastically again and become my time for re investing with bitcoin.

Trough bitcoin still drop under $30,000 I haven't planning yet to be long term holding with bitcoin until 2024 and looks more profitable with short term investment than become long term holding. We have different ideas about long term or short term investment with bitcoin, but looking on how bitcoin price dump and pump in few time open my minds try with short term holding more profitable than used technical with long term holding.

[Agbe]

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?

Your first paragraph is confusing me. You said, you invest in February this year and did not invest due to the high price until June when the price has come down. It is confusing.

Well, everybody like to buy it in the bear Market and store or hold it until the bullish started. But that amount you are predicting is very high and it is not easy for someone who is not doing a good job preferably government job to keep his or her money for these long period of time. It is a good investment if it is only the investor can endure it. And also if the person had a backup financial assistance. Statistic says that the bear Market will end in probably April next year and the bull will be starting gradually from there. Not everyone will Invest for this long term Investment. Yet some will do it.

[Iranus]

I think Bitcoin is foundation of crypto market and will going to be that in foreseeable future. So I will collect as many Bitcoin as possible and will use them somewhere in future. For me I think if all go well i will invest and forget and will open my account after a long gestation period.

Same as you, I can never see any crypto that will even surpass bitcoin in the future (other than if a serious issue will be discovered) which is also why I will be holding on my coins as long as possible and try to accumulate in the process. Right now, I have no reason to withdraw or trade it into fiat anytime soon as I earn salary on my job to support my needs and wants. Also, I try to invest on other crypto and try to earn during this time where the market is unstable and at least earn some profit on which I turn some percentage of my monthly profit on Bitcoin.

Unfortunately, I cannot collect and forget as crypto is already a part of my daily activity, however I always try not to lessen the coins I've accumulated.

I am also holding my bitcoins for the next bull cycle which is probably be taking place after 2024. In previous bull cycles I did the mistake of taking profits quickly and buying back again. This gave me some profits but not much. The best way to trade this bitcoin market is to buy in the bear times and take profits at / near the top of bull market. Sometimes it is difficult to time the market with perfect entries and exits, so take multiple entries at every low price and partially take profits after bitcoin reaches all time high again.

Don't try to find the lowest and the highest, it's impossible. The simplest way to make a profit is to buy bitcoin in a bear market, try to accumulate as much as possible and only start selling in a bull market.
As a way to avoid regretting selling at an unexpected price, it is essential that you plan yourself from the beginning, sell only when you reach your goal, and follow your plan as closely as possible. If you don't have a plan, chances are you'll get emotional and make decisions you'll regret.

[len01]

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

i am currently also starting to collect bitcoins again after a few years of stopping in the crypto world. every month i buy bitcoins with my salary from working in the company and i have a target of at least 3 or 4 btc in the next few years. i don't expect how much the price of btc will go up for sure for me bitcoin is a very rare asset and will probably become more expensive in the future.
and maybe i will continue to collect btc and i will pass it on to my children or grandchildren later when i get old. because at this time i have started to give understanding about bitcoin to my children so that when i am old there will be someone who will pass on my assets.
and all this can be said that my way this is a long term investment in bitcoin

[yohananaomi]

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

i am currently also starting to collect bitcoins again after a few years of stopping in the crypto world. every month i buy bitcoins with my salary from working in the company and i have a target of at least 3 or 4 btc in the next few years. i don't expect how much the price of btc will go up for sure for me bitcoin is a very rare asset and will probably become more expensive in the future.
and maybe i will continue to collect btc and i will pass it on to my children or grandchildren later when i get old. because at this time i have started to give understanding about bitcoin to my children so that when i am old there will be someone who will pass on my assets.
and all this can be said that my way this is a long term investment in bitcoin

you are amazing mate, of course not everyone is awarded something that needs to be appreciated from what is there from the intention that you are going to do. saving every moment of the purchase through the salary you get is certainly not easy and must have a strong will. but won't you change your mind when your bitcoin deposit is worth over $100K more not to sell it? Obviously this is not an easy challenge because after the increase it is certain that it will go down again and repeat it every 4 years to increase higher than before.
obviously wiser with long-term investment intentions, but not to overlook an increase that would otherwise need to be released and repurchased after a downturn.

[glendall]

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

i am currently also starting to collect bitcoins again after a few years of stopping in the crypto world. every month i buy bitcoins with my salary from working in the company and i have a target of at least 3 or 4 btc in the next few years. i don't expect how much the price of btc will go up for sure for me bitcoin is a very rare asset and will probably become more expensive in the future.
and maybe i will continue to collect btc and i will pass it on to my children or grandchildren later when i get old. because at this time i have started to give understanding about bitcoin to my children so that when i am old there will be someone who will pass on my assets.
and all this can be said that my way this is a long term investment in bitcoin

very proud of you , have a target to own bitcoin , with unanimous belief you will definitely benefit from your long term investment ,
maybe I will apply your method in investing, saving by installments will become 1 BTC in my wallet

[rodskee]

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

i am currently also starting to collect bitcoins again after a few years of stopping in the crypto world. every month i buy bitcoins with my salary from working in the company and i have a target of at least 3 or 4 btc in the next few years. i don't expect how much the price of btc will go up for sure for me bitcoin is a very rare asset and will probably become more expensive in the future.
and maybe i will continue to collect btc and i will pass it on to my children or grandchildren later when i get old. because at this time i have started to give understanding about bitcoin to my children so that when i am old there will be someone who will pass on my assets.
and all this can be said that my way this is a long term investment in bitcoin

very proud of you , have a target to own bitcoin , with unanimous belief you will definitely benefit from your long term investment ,
maybe I will apply your method in investing, saving by installments will become 1 BTC in my wallet

unless he is earning 5 figures a month ? I'm afraid he is going to settle accumulating those target bitcoins as the price continuously increases each year though in Bear market there is a much better chances to earn and gain.

What I did in the past is to invest small amount in risky altcoin that has cheap price and when I earned ? i convert them into bitcoin.

aside from my weekly investments from my payroll money.

[Inwestour]

Your first paragraph is confusing me. You said, you invest in February this year and did not invest due to the high price until June when the price has come down. It is confusing.

Well, everybody like to buy it in the bear Market and store or hold it until the bullish started. But that amount you are predicting is very high and it is not easy for someone who is not doing a good job preferably government job to keep his or her money for these long period of time. It is a good investment if it is only the investor can endure it. And also if the person had a backup financial assistance. Statistic says that the bear Market will end in probably April next year and the bull will be starting gradually from there. Not everyone will Invest for this long term Investment. Yet some will do it.

You need to invest when you already have reserve savings, so that in case of unforeseen circumstances you do not have to think about selling the purchased bitcoin. It is a big mistake to invest all the savings that you have, because we cannot anticipate force majeure situations that may occur in our lives.

I started buying after putting aside a reserve, now I buy a little every time when I can do that. I try to buy more now while we are in the bear market phase as I think this is the best time to invest. I don’t know when I want to sell, the main thing for me is to know that my coins are getting more expensive, and if I know that there is a sufficient amount on my wallet, that will allow me to leave work and do whatever I want, then my goal will be achieved.

[lepbagong]

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

i am currently also starting to collect bitcoins again after a few years of stopping in the crypto world. every month i buy bitcoins with my salary from working in the company and i have a target of at least 3 or 4 btc in the next few years. i don't expect how much the price of btc will go up for sure for me bitcoin is a very rare asset and will probably become more expensive in the future.
and maybe i will continue to collect btc and i will pass it on to my children or grandchildren later when i get old. because at this time i have started to give understanding about bitcoin to my children so that when i am old there will be someone who will pass on my assets.
and all this can be said that my way this is a long term investment in bitcoin

very proud of you , have a target to own bitcoin , with unanimous belief you will definitely benefit from your long term investment ,
maybe I will apply your method in investing, saving by installments will become 1 BTC in my wallet

of course a good way has been done by our friend len01 by investing slowly through Purchases using part of his salary, of course this is not easy to do and required of high dedication.
It's natural that our friend glendall was amazed, because I was also interested in the way len01 .
Once again, this is the right time to be able to carry out these good intentions.
because besides that the price is going down and there is still quite a long time to continue making purchases in installments to be able to keep in the wallet.

[BobK71]

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.

[fauzan Ichsan]

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

i am currently also starting to collect bitcoins again after a few years of stopping in the crypto world. every month i buy bitcoins with my salary from working in the company and i have a target of at least 3 or 4 btc in the next few years. i don't expect how much the price of btc will go up for sure for me bitcoin is a very rare asset and will probably become more expensive in the future.
and maybe i will continue to collect btc and i will pass it on to my children or grandchildren later when i get old. because at this time i have started to give understanding about bitcoin to my children so that when i am old there will be someone who will pass on my assets.
and all this can be said that my way this is a long term investment in bitcoin

very proud of you , have a target to own bitcoin , with unanimous belief you will definitely benefit from your long term investment ,
maybe I will apply your method in investing, saving by installments will become 1 BTC in my wallet

of course a good way has been done by our friend len01 by investing slowly through Purchases using part of his salary, of course this is not easy to do and required of high dedication.
It's natural that our friend glendall was amazed, because I was also interested in the way len01 .
Once again, this is the right time to be able to carry out these good intentions.
because besides that the price is going down and there is still quite a long time to continue making purchases in installments to be able to keep in the wallet.

to buy is indeed a good time to make it happen, especially if for the long term, of course there are no worries in investing, especially using cold money which is a savings from some of the salary that has been set aside, of course it will be more able to maintain psychological stability. for me personally it is the consistency in collecting bitcoins every month that must be covered, because in the long term it will benefit

[mrongoz_imut]

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.

[xSkylarx]

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

i am currently also starting to collect bitcoins again after a few years of stopping in the crypto world. every month i buy bitcoins with my salary from working in the company and i have a target of at least 3 or 4 btc in the next few years. i don't expect how much the price of btc will go up for sure for me bitcoin is a very rare asset and will probably become more expensive in the future.
and maybe i will continue to collect btc and i will pass it on to my children or grandchildren later when i get old. because at this time i have started to give understanding about bitcoin to my children so that when i am old there will be someone who will pass on my assets.
and all this can be said that my way this is a long term investment in bitcoin

very proud of you , have a target to own bitcoin , with unanimous belief you will definitely benefit from your long term investment ,
maybe I will apply your method in investing, saving by installments will become 1 BTC in my wallet

of course a good way has been done by our friend len01 by investing slowly through Purchases using part of his salary, of course this is not easy to do and required of high dedication.
It's natural that our friend glendall was amazed, because I was also interested in the way len01 .
Once again, this is the right time to be able to carry out these good intentions.
because besides that the price is going down and there is still quite a long time to continue making purchases in installments to be able to keep in the wallet.

to buy is indeed a good time to make it happen, especially if for the long term, of course there are no worries in investing, especially using cold money which is a savings from some of the salary that has been set aside, of course it will be more able to maintain psychological stability. for me personally it is the consistency in collecting bitcoins every month that must be covered, because in the long term it will benefit

It is like putting money in your piggy bank on a monthly basis. It is really a good idea to set aside a portion of your salary to buy bitcoin, and especially now that December is coming up with a lot of bonuses and the 13th month that the employees received, it is best to get a percentage of it right now and buy a bitcoin for good. It is also the best time to buy since the price is low right now.

[sstephan]

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 .

[Antonas1]

I only buy Bitcoins when the price drops and if I have (fiat) money. If I don't have the money to buy, I won't push myself.

Some people may actually hold bitcoins without selling them at all. I don't. I still convert it to fiat when I need it, and I will hold the rest with this absurd dream: 1 Satoshi = $1 (if the US Dollar is still the reference).

[martyns]

I only buy Bitcoins when the price drops and if I have (fiat) money. If I don't have the money to buy, I won't push myself.

Some people may actually hold bitcoins without selling them at all. I don't. I still convert it to fiat when I need it, and I will hold the rest with this absurd dream: 1 Satoshi = $1 (if the US Dollar is still the reference).

Buying bitcoins during the bear season have really helped most of us and  some of us are not relenting in our efforts as we keep pushing to bagged more whenever the bear season stay for a lengthy period of time like the present one which have been on for months. Bitcoin have helped the patient ones and also left the impatient ones accounts dumps in liquidations. So we need to apply a very good strategy whenever dealing with top coins in the space.

[Hispo]

Long term investment, basically. Also Bitcoin as a way to transfer value to my friends and family when it is necessary.
I am hoping to accumulate some satoshis so I can hopefully cash out in the future, realize some earnings to help to pay a car or the initial for an apartment here in my country, where real state is relatively cheap.

Life is unpredictable, so there is a good chance I end up changing completely my plans, though.
In the end, I believe we all should have a minimum of financial education to reach what we want with our investments.