I have resolved into buying more and caring less

[Zilon]

Everyone has drawn their resolution for the year as regard Bitcoin investment and more. Bitcoin is bound to do what it wants to do. And no matter where the direction of the market has chosen to point to, i will just buy until when i feel it has gone too high to keep buying.

I am longer paying attention to all the noise that comes with short term investment anymore. It is better to be in red on a short term than to lose out on big opportunities on a long term. If the market is selling at a low price i will buy, If it is buying at an uptrend i will still buy. The only difference is i will try not to buy too high because in all the buying profit is the target. The goal is not to get rich but to catch up with the next trend and ATH.

The fact is on a long run the market will do what it wants to do and not even the best analysis can change it from making its desired moves. Bitcoin long term prediction is becoming even more harder to make as external forces keep playing out in the market more often. Staying positive for long term goal has given so many good profit in time past and it won't be out of place if similar occurrence happens again on the long run

What do you think!!!

[palle11]

The goal is not to get rich but to catch up with the next trend and ATH.

Lol this is the same thing. Catching up with the trend means wanting to set yourself up for the right trend and getting the trend right means easier profit, profit is additional money  . Anyway my point therefore is while catching up with the trend, don't take the wrong hasty decision and invest all you have just because of your convinction that price will automatically start improving. Remember to invest what you can bear to lose. The market don't go up all the time, the corrections are still there

[Jody.Drummer]

As long as you are ready to hold it for a long time that was never thought of before, it's a good move. But you must also pay attention to your needs, lest you be forced to sell what you have collected due to urgent circumstances. It's a good situation when you are pressured and forced to sell bitcoin when the market is recovering and it gives you profit, but if it's the other way around, it's a loss, of course. My advice, besides investing in bitcoin, we also have to prepare savings that are separate from the assets that we will hold for a long time, so we don't have to sacrifice our bitcoin assets in a state of urgency at any time.

[Sterbens]

The goal is not to get rich but to catch up with the next trend and ATH.

Lol this is the same thing. Catching up with the trend means wanting to set yourself up for the right trend and getting the trend right means easier profit, profit is additional money  . Anyway my point therefore is while catching up with the trend, don't take the wrong hasty decision and invest all you have just because of your convinction that price will automatically start improving. Remember to invest what you can bear to lose. The market don't go up all the time, the corrections are still there

But in my opinion, what Op said is also true, because being rich is different from making a profit. If people aim to be rich they usually become greedy, and many of those who aim like that do anything, even though, they don't know what they are doing. As for getting a profit, we must have calculated what target to achieve, and after hitting the target we usually always emphasize taking everything, or just taking profits. Because if you say so, who invests without thinking about profit?

[royalfestus]

8 out of 10 times, I will choose to act against the trend in cryptocurrency. Trends always distract and mislead. Sometimes silence in the market space means much, but money flows into market hype, where I decide to invest 20%. Most people ignored meme hype and made money from most market hype, however, a 20% decision requires a managed risk decision. It may also depend on how people react when it becomes popular.

[Beparanf]

Everyone has drawn their resolution for the year as regard Bitcoin investment and more. Bitcoin is bound to do what it wants to do. And no matter where the direction of the market has chosen to point to, i will just buy until when i feel it has gone too high to keep buying.

At what price is too high? You can always buy a fraction of Bitcoin whatever the price is so I doubt you can set a price to determine a too high for you once the price continuously pump. Everybody says this same thing when Bitcoin price first reach the 1000$ mark since the price stays below 100$(Correct me if I’m wrong) for a long time then a sudden bull run appear. People adjust their valuation of Bitcoin as time passes by base on what is ATH. So having a hypothetical price for you to stop will be very hard to follow imho.

[adaseb]

Well you are one of the few that actually bought recently, most sold because they expected the worst for bitcoin and crypto. Remember how bad it gotten back in November? Look at all those BTC withdrawn from exchanges, and many were sold and withdrawn into fiat because nobody trusted any exchanges. Many exchanges wanted to keep people calm by publishing proof of funds but even that had a negative response because those proof of funds didn't always look genuine. So people just quit and never came back. Retail left crypto.

The OP is the only one that actually bought in at the bottom, most buy at the top. And this is why many end up losing money. Not only with crypto. Same with stocks and real estate. Look how many people overpaid for real estate and they are now holding the bag on a property that lost double digits value in less than 1 year. People need to be patient and value investors like OP and not have FOMO and get caught holding the bag for many many years while everybody else is making good money.

[Ultegra134]

I'm not actively purchasing bitcoin myself, but I receive a steady amount on a weekly basis through my signature campaign. Unfortunately, I don't have the budget now to keep buying, otherwise I would. I've stopped bothering about the market situation, not to mention that during a bear market you can accumulate more, so that's a huge plus that I don't mind at all.

I don't see the point in caring about the market situation during a full economic recession; nothing much is performing well now, and there's absolutely nothing we can do but wait it out. I'm in the red during the bear market, but with the first real bull run, I'll reach my DCA; I'm just a little off. 

[Ahli38]

As long as you use money that really won't be used in the near future. then it will make you more comfortable in spending your money to invest more in bitcoin for the long term.
Everyone's accumulation method must be different. But DCA has done a lot at this point. and it seems that long-term investors have done a lot of that. and i also do the same thing. Average Down is also needed in a bearish market situation. and makes the average purchase cheaper. so that it is hoped that it will provide maximum profit for the long term when the increase has started.

Having a target price is a strong enough motivation to invest. and coupled with the strengthening of a mature analysis will keep us mentally awake. But in the end, sticking to the money we are prepared to lose will make us calmer.

[dothebeats]

Good for you if you have the money. You no longer have to worry about buying during the dip or all of those advice that seasoned traders give out to the newbies. You just buy and forget, as what a lot of people do a few years back and were rewarded with insane profits that they never expected. Even I was doing this thing for years, and even if a lot of people advice against it, there's no doubt that hold and forget really works.

[slapper]

Regarding ignoring the short-term fluctuations in the Bitcoin market in favor of concentrating on the big picture, I couldn't agree with you more. The market will do what it wants to do, and no amount of study can alter that. On the other hand, I believe it's crucial to strike a balance between paying too little and paying too much while making a purchase. It's great to be ahead of the curve and make an ATH, but you need also be aware of the dangers and volatility of the market.

Having a diversified portfolio may help reduce the impact of any one unforeseen event. Rather of placing all your money into one security, diversify by purchasing things like stocks, bonds, real estate, and Bitcoin. This may assist mitigate any losses and boost your chances of making a profit.

As with any investment, Bitcoin is no exception; prospective buyers should do their own investigation and analysis before to making a purchase. As part of this process, it is important to learn about the underlying technology, the state of the market, and any proposed regulatory changes that might impact the cost.

[Fortify]

Everyone has drawn their resolution for the year as regard Bitcoin investment and more. Bitcoin is bound to do what it wants to do. And no matter where the direction of the market has chosen to point to, i will just buy until when i feel it has gone too high to keep buying.

I am longer paying attention to all the noise that comes with short term investment anymore. It is better to be in red on a short term than to lose out on big opportunities on a long term. If the market is selling at a low price i will buy, If it is buying at an uptrend i will still buy. The only difference is i will try not to buy too high because in all the buying profit is the target. The goal is not to get rich but to catch up with the next trend and ATH.

The fact is on a long run the market will do what it wants to do and not even the best analysis can change it from making its desired moves. Bitcoin long term prediction is becoming even more harder to make as external forces keep playing out in the market more often. Staying positive for long term goal has given so many good profit in time past and it won't be out of place if similar occurrence happens again on the long run

What do you think!!!

Investing generally involves coming up with a plan that should include an exit, from the way you describe it you don't have much of a plan to get your money out at any point and are purely speculating. People who speculate tend to get greedy and lose much more in the long run. It's not like investing in a company, where they are making tangible profits each year and either re-invest it back profitably or pay it out to shareholders who are the real owners of the company. Ultimately most people need to convert bitcoin back into something they can spend and use in the real world, so it's a bit naive to just keep saying buy, buy, buy without a fixed point you've got in mind to sell.

[aoluain]

^
I think thats ok though. Zilon is looking at the long term and willing to plan now for then.

Everyone has drawn their resolution for the year as regard Bitcoin investment and more. Bitcoin is bound to do what it wants to do. And no matter where the direction of the market has chosen to point to, i will just buy until when i feel it has gone too high to keep buying.

I am longer paying attention to all the noise that comes with short term investment anymore. It is better to be in red on a short term than to lose out on big opportunities on a long term. If the market is selling at a low price i will buy, If it is buying at an uptrend i will still buy. The only difference is i will try not to buy too high because in all the buying profit is the target. The goal is not to get rich but to catch up with the next trend and ATH.

The fact is on a long run the market will do what it wants to do and not even the best analysis can change it from making its desired moves. Bitcoin long term prediction is becoming even more harder to make as external forces keep playing out in the market more often. Staying positive for long term goal has given so many good profit in time past and it won't be out of place if similar occurrence happens again on the long run

What do you think!!!

Its important to "Zoom out" in a way and not get involved with what the markets are
reacting on an hourly, daily or weekly basis. To practice dollar cost average buying
you dont necessarily need to know what the markets are doing and getting stressed
about catching the exact bottom.

[Yatsan]

It is easy to say. For sure you're aware that this industry has news surfacing the web in any online platform and you won't be able to avoid seeing it. Caring or being cautious with your investment is just normal because that is your money in the first place. What would be crucial is your action towards it whether you'd sell or cut loss, or be firmed and hold. There's more in this industry as well and that is one valid point to not worry that much, but if you still do, there's nothing wrong about it. We, as investors, has our own circumstances and different financial and mental capabilities in terms of our asset so there's no need to compare.

[JoyMarsha]

Regardless of whether the price is high or low, starting small investments in bitcoin is a sensible move because the idea is to hodl and avoid missing out on the bitcoin ATH. Nevertheless, we anticipate seeing an all-time high for bitcoin around the time of the halving season in 2024. But it's a good idea to begin thinking in terms of planning ahead. Your small bitcoin investment from now might end up being worth a lot more in the future. Just take your time and be patient.

[uneng]

When you have long term goals in mind you really don't have to care about what is going to happen today or tomorrow, as you know temporary market's conditions can't have any impact on bitcoin's fluctuations in matter of years. People who worries about each little fall in price don't enjoy the experience of being an investor at all, besides being under constant fear and uncertainity, what will make them sell their coins in the wrong time at some moment, as the pressure increases inside themselves.

I think you are completely right on your strategy. Buy most coins as you can afford, keep them stored safely, preferentially forget about your investments during your routine, do your stuff and live your life. Once the right time to gather the fruits come you will be ready and you will have the impression time passed so fast until that so expected moment, because you weren't worried every single day of your life with little oscillations.

[Hydrogen]

While I am a big supporter and fan of bitcoin maximalism. Don't forget that digital assets are reliant upon electronic networks and electricity. Both of which can become intermittent and unreliable in circumstances like natural disasters, wars or unexpected events. In this sense, it is good to diversity by holding whatever physical assets you can get your hands on to compliment your digital assets. In the event that catastrophic electronic or internet failure occurs.

There are physical assets and commodities which could be described as being deflationary in the current era, similar to deflationary digital assets like BTC.

Real Estate. Population growth in many regions occurs at a higher rate in comparison to home construction, resulting in real estate becoming an increasingly scarce and deflationary asset in terms of supply.

Firewood and lumber.  We definitely do not regrow forests and trees at a rate faster than they're being cut down. Trees are a deflationary asset, although this may not be completely clear at the moment judging by market trendsd.

Common metals.  Metals markets and industry has become extremely reliant upon globalisation. The decline of globalisation and global trade could result in common metals like steel and aluminum becoming deflationary in terms of local markets.

Agriculture.  Natural gas is used to produce agricultural fertilizers and agrochemicals. Agriculture is also very reliant upon globalisation. Which overall could lead to agriculture becoming deflationary in a local sense.

[Fiatless]

Good for you if you have the money. You no longer have to worry about buying during the dip or all of those advice that seasoned traders give out to the newbies. You just buy and forget, as what a lot of people do a few years back and were rewarded with insane profits that they never expected. Even I was doing this thing for years, and even if a lot of people advice against it, there's no doubt that hold and forget really works.

There are so many predictions about the price of bitcoin that will even make you confused. This is the first time I am seeing bitcoin rising since I joined the industry a few months ago. I don't think I would buy at this price because it seems too high for me and there are also predictions that this might be a very short mini-bull run which means that the price might go down. For now, I don't have the finance and courage to buy at this high price. But people are encouraged to buy because the real bull run might start in a few years

[Flexystar]

That’s better because keeping it saved for later is something a maximalist would do. In the current season of halving this is much needed. You never know how high bitcoin would reach this time, it’s better be ready than late in the crypto industry.

Also, never think that just keeping bitcoins stored is the best way to go. Meanwhile, one should also exchange coins when there is chance of trading it for the high low prices thus minting more coins in the process.

[passwordnow]

Everyone has drawn their resolution for the year as regard Bitcoin investment and more. Bitcoin is bound to do what it wants to do. And no matter where the direction of the market has chosen to point to, i will just buy until when i feel it has gone too high to keep buying.

I am longer paying attention to all the noise that comes with short term investment anymore. It is better to be in red on a short term than to lose out on big opportunities on a long term. If the market is selling at a low price i will buy, If it is buying at an uptrend i will still buy. The only difference is i will try not to buy too high because in all the buying profit is the target. The goal is not to get rich but to catch up with the next trend and ATH.

The fact is on a long run the market will do what it wants to do and not even the best analysis can change it from making its desired moves. Bitcoin long term prediction is becoming even more harder to make as external forces keep playing out in the market more often. Staying positive for long term goal has given so many good profit in time past and it won't be out of place if similar occurrence happens again on the long run

What do you think!!!

You may say that the goal is not to get rich but you'll eventually get there if you're catching up with the trends and ATHs. Because you'll end up with a good result and more money to come and that's going to allow you to maximize the potential that you can ever had.
But what you're about to do is what others should do too and that's to be consistent in buying more no matter what the situation of the market is. And that's the motivation that everyone needed because everyone seems to be thinking again the same of how the pump makes bitcoin's price expensive for them.

[rat03gopoh]

Caring less may be good for your mental health and less distracting thoughts when you lose. But anyway, at least it will make you worry when the market trend is bad especially if your purchases have reached a large amount, while you are regularly active in the crypto space, and intentionally or not you occasionally check the price chart. Then set the default principle Hodlers, limit each of your purchases with a few conditions.

[Henrobakkara]

Everyone has drawn their resolution for the year as regard Bitcoin investment and more. Bitcoin is bound to do what it wants to do. And no matter where the direction of the market has chosen to point to, i will just buy until when i feel it has gone too high to keep buying.

I am longer paying attention to all the noise that comes with short term investment anymore. It is better to be in red on a short term than to lose out on big opportunities on a long term. If the market is selling at a low price i will buy, If it is buying at an uptrend i will still buy. The only difference is i will try not to buy too high because in all the buying profit is the target. The goal is not to get rich but to catch up with the next trend and ATH.

The fact is on a long run the market will do what it wants to do and not even the best analysis can change it from making its desired moves. Bitcoin long term prediction is becoming even more harder to make as external forces keep playing out in the market more often. Staying positive for long term goal has given so many good profit in time past and it won't be out of place if similar occurrence happens again on the long run

What do you think!!!

I do agree with you. I have always thought of Bitcoin investment as a longer-term investment and have been less worried about what will happen tomorrow or in the immediate future because I have seen what has happened to Bitcoin's price over the years. When you have this kind of mindset in regard to Bitcoin investment you will always make it out fine as long as these are funds you will not need immediately.

[ginsan]

Every decision must be accompanied by belief. Do you have a strong belief at this stage. if you feel this is the right time then I think you can use the DCA strategy for any stage in the investment you make.

it's never too late to enter because the price of BTC is still below ATH, Even though some of them are always making noise out there, the market impact can't always be determined when there will be a big increase. lagging behind previous ATH is indeed one of the factors that every weak hand will always end in regret therefore I think we need to learn from previous experience to hold btc in the long term.

[RockBell]

your dedication is what most people need, that's what they call business minded, most will actually miss this opportunity just because of lack of patience, most people don't even set goals all they want is just fast money, that's why during my shift on air I always advise people holding bitcoin to keep holding for the raining days, so op and us all let us not give up but be encouraged to hold.

[goaldigger]

The fact is on a long run the market will do what it wants to do and not even the best analysis can change it from making its desired moves. Bitcoin long term prediction is becoming even more harder to make as external forces keep playing out in the market more often. Staying positive for long term goal has given so many good profit in time past and it won't be out of place if similar occurrence happens again on the long run

What do you think!!!

You can be a long term player or an active one, its all your choice and depend on your capacity.
I choose to actually do both, play long and stay active in trading because I see opportunities on both option and I think I can be more effective on this. Ignoring the news while focusing on your investment plan is good, but I think its better if you have a target price to buy and sell because many are missed the opportunity to sell at peak and they regret it even if they are a long term player.

[Scripture]

This can be good if you are dealing with the top coins.
Playing long will allow you to focus on other things and just wait for the right moment to sell, I’m also holding the top coins and my goal is to take profit in the new ATH because I know that is a good opportunity to make profit. The market will always go pump and dump, so know when to hit the sell button and don’t just hold passively.

[Smartprofit]

Everyone has drawn their resolution for the year as regard Bitcoin investment and more. Bitcoin is bound to do what it wants to do. And no matter where the direction of the market has chosen to point to, i will just buy until when i feel it has gone too high to keep buying.

I am longer paying attention to all the noise that comes with short term investment anymore. It is better to be in red on a short term than to lose out on big opportunities on a long term. If the market is selling at a low price i will buy, If it is buying at an uptrend i will still buy. The only difference is i will try not to buy too high because in all the buying profit is the target. The goal is not to get rich but to catch up with the next trend and ATH.

The fact is on a long run the market will do what it wants to do and not even the best analysis can change it from making its desired moves. Bitcoin long term prediction is becoming even more harder to make as external forces keep playing out in the market more often. Staying positive for long term goal has given so many good profit in time past and it won't be out of place if similar occurrence happens again on the long run

What do you think!!!

In my opinion, this is a very reasonable strategy for investing in bitcoin. 

This strategy allows you to minimize the stress and psychological discomfort that inevitably arises among traders and investors.  And maintaining your health is a global task, which should be more important than the task of making money. 

Investing should not be like gambling.... A smart investor has a plan and follows it strictly.  Buying bitcoins for a long time at any price should be guaranteed to make a profit. 

Yes, this profit will be less than that of an experienced long-term trader who first buys cryptocurrency at a low price and then sells at a high one. 

However, your strategy allows you to save mental energy, and this is very important!

[pixie85]

Also, never think that just keeping bitcoins stored is the best way to go. Meanwhile, one should also exchange coins when there is chance of trading it for the high low prices thus minting more coins in the process.

That's completely false. Tell that to people who had money on FTX, Quadriga, Mt. Gox, or any other bankrupt exchange that one should keep buying and selling all the time.

Not every person is a trader.
Not every person wants to risk their money moving them in and out of exchanges. Not every person wants to pay taxes each time bitcoin makes a move.

Holding makes you safe. It won't allow you to make as much money as you'd do if you were trading but you take no risk by doing it.
Many people made a mistake of sending bitcoins to a wrong address or taking a wrong trade, trading on leverage and losing it all... I prefer to be careful with my coins.

[Desmong]

If you are determined to buy bitcoin more then that's fine and you are going to benefit that in the nearest future only if you can hold for a long time just like many crypto investors that had been in the market for very long time.
Bitcoin is going to appreciate in price and value very soon and I hope and urge everyone to take a very sharp step in holding what the have now for the time of harvest.

[KingsDen]

Everyone has drawn their resolution for the year as regard Bitcoin investment and more. Bitcoin is bound to do what it wants to do. And no matter where the direction of the market has chosen to point to, i will just buy until when i feel it has gone too high to keep buying.

What you are therefore doing is dollar cost averaging. This means that you pay less attention to the present price of Bitcoin but keep buying steadily according to your budget.
For you to decide to go this lane means that you have a steady income or you have already stipulated certain amount of money that you use in investing in Bitcoin.
But I did not believe you completely, no one will keep buying even when the price is going up. At least you will wait for a little correction before you buy at that range.

[milewilda]

The goal is not to get rich but to catch up with the next trend and ATH.

Lol this is the same thing. Catching up with the trend means wanting to set yourself up for the right trend and getting the trend right means easier profit, profit is additional money  . Anyway my point therefore is while catching up with the trend, don't take the wrong hasty decision and invest all you have just because of your convinction that price will automatically start improving. Remember to invest what you can bear to lose. The market don't go up all the time, the corrections are still there

It wont be called a market if it would really be just moving on one path or way which we know that this market does have that up and down movement.It is really just us traders or investors are really trying out our best on getting in on the most efficient way as possible on which you could maximize out profitability and maximize out the bottom or peak which we do always love to target, but since this market is really that unpredictable
then there's no way that we could be able to hit up the right spot.We had been always suggesting about investing on the =amount which we can afford to lose so that you wont really be that
becoming too stressful for whatever decisions that we would be taking.

[Mr.right85]

Everyone has drawn their resolution for the year as regard Bitcoin investment and more. Bitcoin is bound to do what it wants to do. And no matter where the direction of the market has chosen to point to, i will just buy until when i feel it has gone too high to keep buying.

What you are therefore doing is dollar cost averaging. This means that you pay less attention to the present price of Bitcoin but keep buying steadily according to your budget.
For you to decide to go this lane means that you have a steady income or you have already stipulated certain amount of money that you use in investing in Bitcoin.

Definitely, having a steady cash flow is one way to be able to carry out OP's plan successfully with little to scare you off your lane. It also comes with the mindset. You know your therefore investing for the future and not some in and out thing. That means, your likely not going to have to care what the price is but is rather just saving it away, accumulation more on your Bitcoin portfolio.

But I did not believe you completely, no one will keep buying even when the price is going up. At least you will wait for a little correction before you buy at that range.

That's how procrastination comes in for most individuals and even when the correction they were hoping or waiting on comes, your just not sure enough and could be waiting out for some more corrections. The next you know it, the market will catch you off guard and its back up. In another scenario, you just might have used the funds set aside for buying Bitcoins before the correction happens. Just buying when you've got the spare cash remains the best idea if you could keep up with it.

[Ndabagi01]

The desire to hold for the long term has been influenced by previous cases of people who benefited greatly from holding onto their investments. More people want to make long-term investments, but they can't because they can't control how much they spend to satisfy their daily desires and expenses. Rather than waiting for it to drop further before entering the market, it is better to buy when you can and at a lower price. The market is volatile, and speculations should not be relied on entirely in cryptocurrency trading.

[KingsDen]

But I did not believe you completely, no one will keep buying even when the price is going up. At least you will wait for a little correction before you buy at that range.

That's how procrastination comes in for most individuals and even when the correction they were hoping or waiting on comes, your just not sure enough and could be waiting out for some more corrections. The next you know it, the market will catch you off guard and its back up. In another scenario, you just might have used the funds set aside for buying Bitcoins before the correction happens. Just buying when you've got the spare cash remains the best idea if you could keep up with it.

You made a good sense, but I am a realist and I have tried what Op said and I know how difficult it is to buy when there is a little bull from the previous price.
For example, if the price was @ $17k and  on the day I wanted to buy, it went to $23k, even if you are buying for a long term purpose, you will be so reluctant to buy.
The only way I beat that is by not buying bitcoin but using part of the money I am paid for signature for investment. By this you no longer control when you buy.

[19Nov16]

The trend of bitcoin in the future will be difficult to predict and the estimate of many experts is that it will be more expensive, the right decision to buy more bitcoins rather than just waiting or hoping for a lower price to buy, if our focus is long term I'm sure it will be profitable, most people buy and losers are hoping for instant profits so it's easy to panic when prices drop.

[gunhell16]

Everyone has drawn their resolution for the year as regard Bitcoin investment and more. Bitcoin is bound to do what it wants to do. And no matter where the direction of the market has chosen to point to, i will just buy until when i feel it has gone too high to keep buying.

I am longer paying attention to all the noise that comes with short term investment anymore. It is better to be in red on a short term than to lose out on big opportunities on a long term. If the market is selling at a low price i will buy, If it is buying at an uptrend i will still buy. The only difference is i will try not to buy too high because in all the buying profit is the target. The goal is not to get rich but to catch up with the next trend and ATH.

The fact is on a long run the market will do what it wants to do and not even the best analysis can change it from making its desired moves. Bitcoin long term prediction is becoming even more harder to make as external forces keep playing out in the market more often. Staying positive for long term goal has given so many good profit in time past and it won't be out of place if similar occurrence happens again on the long run

What do you think!!!

The question is, aren't you ready for the coins you will buy and hold for a long time? so that at least if the market moves unexpectedly you have something to look forward to in the long term apart from the style you are doing now as a holder or trader.

You're not the only one doing the kind of style you're doing dude, maybe the only thing you need is to have a time frame for when you're going to buy or sell so at least in this kind of thing you have monitoring of what you're doing.

[Z390]

Everyone has drawn their resolution for the year as regard Bitcoin investment and more. Bitcoin is bound to do what it wants to do. And no matter where the direction of the market has chosen to point to, i will just buy until when i feel it has gone too high to keep buying.

I am longer paying attention to all the noise that comes with short term investment anymore. It is better to be in red on a short term than to lose out on big opportunities on a long term. If the market is selling at a low price i will buy, If it is buying at an uptrend i will still buy. The only difference is i will try not to buy too high because in all the buying profit is the target. The goal is not to get rich but to catch up with the next trend and ATH.

The fact is on a long run the market will do what it wants to do and not even the best analysis can change it from making its desired moves. Bitcoin long term prediction is becoming even more harder to make as external forces keep playing out in the market more often. Staying positive for long term goal has given so many good profit in time past and it won't be out of place if similar occurrence happens again on the long run

What do you think!!!

Exactly! I am no longer paying attention to when there will be a retracement or big dump, I have some USDT and USDC for moments like that, to me it's opportunity but for many its like they don't want to see dumps after they bought what they could afford, like who cares anyways? Bitcoin will do what it intends to do anyway and nobody can change that, FOMC meeting is coming and some Youtubers are already screaming possible dump, the long term players will be the true winners, that's all I know.

[lixer]

The question is, aren't you ready for the coins you will buy and hold for a long time? so that at least if the market moves unexpectedly you have something to look forward to in the long term apart from the style you are doing now as a holder or trader.

You're not the only one doing the kind of style you're doing dude, maybe the only thing you need is to have a time frame for when you're going to buy or sell so at least in this kind of thing you have monitoring of what you're doing.

He won't say that oath if he is not ready or committed to do a long-term hodling. I feel that the OP is sick and tired now from all the distractions and losses that he is getting when he notice that the price of Bitcoin can always recover after the storm.

On your second sentence, I think you are saying to have a plan b? This isn't a bad idea but again the OP might not be needing it tho this is great for those who aren't truly committed to do a long-term hodling.

Long-term hodlers can buy at any time but those who are into shorter terms might need a proper timing for buying. But long-term hodlers don't just invest for nothing. They do also monitor the market as they also have their own selling price target.

[Joshapat]

Everyone has drawn their resolution for the year as regard Bitcoin investment and more. Bitcoin is bound to do what it wants to do. And no matter where the direction of the market has chosen to point to, i will just buy until when i feel it has gone too high to keep buying.

I am longer paying attention to all the noise that comes with short term investment anymore. It is better to be in red on a short term than to lose out on big opportunities on a long term. If the market is selling at a low price i will buy, If it is buying at an uptrend i will still buy. The only difference is i will try not to buy too high because in all the buying profit is the target. The goal is not to get rich but to catch up with the next trend and ATH.

The fact is on a long run the market will do what it wants to do and not even the best analysis can change it from making its desired moves. Bitcoin long term prediction is becoming even more harder to make as external forces keep playing out in the market more often. Staying positive for long term goal has given so many good profit in time past and it won't be out of place if similar occurrence happens again on the long run

What do you think!!!

I believe this is the best decision to make our money grow, don't look at the price too often every day, if we focus on long-term hold or at least 3 years then we have the opportunity to get big profits, the 4 year trend is that the price will skyrocket to at least 200 %, and this is a very large increase compared to other types of investment.

[TheUltraElite]

As long as you manage to buy at every down trend you are the one who will be in profit in every up trend. But you also need to sell at the top to get the fiat back and then use that to buy back and thus cycle the money. Make sure you dont end up in that herd who only buys at every low and then runs out of cash to buy more. Moreover if you show your family members that you are doing this cycling and thus making money, they will get enthusiastic about bitcoin and might support you more during the dull/bear times which is an important mental cushion.

It is a good thing to care less about the news and treat these as just some numbers. But keep track of news because they might have more info about what trends can come in but dont let them guide your investment.

[michellee]

The trend of bitcoin in the future will be difficult to predict and the estimate of many experts is that it will be more expensive, the right decision to buy more bitcoins rather than just waiting or hoping for a lower price to buy, if our focus is long term I'm sure it will be profitable, most people buy and losers are hoping for instant profits so it's easy to panic when prices drop.

That's what people who have money are already doing and believe that bitcoin will become more expensive. And it's like they don't want to miss the train to buy more bitcoins because once the price goes up and they can even create new ATH, they will get huge profits that they may never have imagined. If those people knew that someone was still holding their bitcoins and didn't sell them at ATH yesterday because they did not see the price reach their target price, they would be amazed because it would never be easy for them.

[Ucy]

Well, if your aim is profit, your method will be less profitable and riskier than someone who buys & sell at the right time. Combine that with the ability to properly predict the market and move it to any direction you want, profit will be unbelievably high. I will choose the method that gives me better profit with risk that is next to nothing.
Your method not sustainable by the way

[Davian144]

The trend of bitcoin in the future will be difficult to predict and the estimate of many experts is that it will be more expensive, the right decision to buy more bitcoins rather than just waiting or hoping for a lower price to buy, if our focus is long term I'm sure it will be profitable, most people buy and losers are hoping for instant profits so it's easy to panic when prices drop.

Some experts only tell to make a long term investment in Bitcoin after buying it at the low price it is now. Indeed, this is absolutely not wrong because until now I still firmly believe that the future of Bitcoin still has very good potential because more and more people are liking Bitcoin and also the crypto space. So it will be a very appropriate step if there are more people who want to buy Bitcoin at this time and invest for the long term through Bitcoin.

[cydrix]

Yes, investing in Bitcoin or any other asset should be done with caution and with a long-term perspective. It's important to have a diversified portfolio and to not put all your eggs in one basket. Having an emergency fund separate from your investment portfolio is advisable, so that you don't have to sell your assets during market downturns or when you face unexpected financial obligations. Additionally, it's important to educate yourself about the market and to keep an eye on the economic and political developments that may impact the value of your investments.

[Doan9269]

I will have to say this that you must consider the two in place, buying of digital asset and care about securing it for your profitability, those that buys and makes profits aren't just buying by dumping, they read to study the way and patterns needed before they take a step at a time, because every potential buyer has the intention of making profits and therefore gives more attention to the current ongoings from the market price to know when to continue to hodl or sell.

[AbuBhakar]

Yes, investing in Bitcoin or any other asset should be done with caution and with a long-term perspective. It's important to have a diversified portfolio and to not put all your eggs in one basket. Having an emergency fund separate from your investment portfolio is advisable, so that you don't have to sell your assets during market downturns or when you face unexpected financial obligations. Additionally, it's important to educate yourself about the market and to keep an eye on the economic and political developments that may impact the value of your investments.

When it comes in crypto we need to monitor it throughly especially in altcoins, but if its bitcoin then its fine to just hold it. I have learn to buy more when it comes in stock market during pandemic since there is really a chance that they will recover, but about some altcoins that loses value during pandemic it seems to have no update up to this time and some already considered as scam project. We can buy more as long as we know where we put our money and we studied it. And as long as we still have emergency funds that we can use so there is no need to withdraw our investment when the market is not doing well.

[Coin Gorilla]

I am longer paying attention to all the noise that comes with short term investment anymore. It is better to be in red on a short term than to lose out on big opportunities on a long term. If the market is selling at a low price i will buy, If it is buying at an uptrend i will still buy. The only difference is i will try not to buy too high because in all the buying profit is the target. The goal is not to get rich but to catch up with the next trend and ATH.

Good for you! Eventually, we all go through something like this, and the end result is, well, this. Taking it easy and getting overwhelmed by it. If you're not making a living out of it (e.g. short terms), you don't need overstress it.

[dezoel]

I guarantee you that this will end up having a better life. At this current stage of the world, unless you are getting into a business where you could make millions, people with regular careers will not be able to buy a house, or at least not in my nation.

There is basically ZERO chance a kid in his twenties could buy a house, or even a car at this point but maybe that could be possible if they work really hard. Which means, why even work towards saving and trying to be rich? Makes no sense to me. So instead, just do whatever you want to do, buy whatever you want to buy and try to have a happy life. If you rob yourself from living just to make sure your future is better, if that future is not better, there is no reversal.

[kryptqnick]

If you can afford to buy, and you have a goal of what to do with the profits you'll make, as well as a sense of how much will be enough, then I see no reason not to go for it. It's true that one can miss out a bit from short-term perspective (for example, by buying now at $23k and then feeling sad if the price is back to $17k), but as long as one believes that Bitcoin will fully recover and reach a new ATH in the future, it's still a good price to invest. After all, it's still 3x profit return on investment if Bitcoin reaches the previous ATH, and more if it, as always before, goes even higher.

[bitgolden]

The trend of bitcoin in the future will be difficult to predict and the estimate of many experts is that it will be more expensive, the right decision to buy more bitcoins rather than just waiting or hoping for a lower price to buy, if our focus is long term I'm sure it will be profitable, most people buy and losers are hoping for instant profits so it's easy to panic when prices drop.

That's what people who have money are already doing and believe that bitcoin will become more expensive. And it's like they don't want to miss the train to buy more bitcoins because once the price goes up and they can even create new ATH, they will get huge profits that they may never have imagined. If those people knew that someone was still holding their bitcoins and didn't sell them at ATH yesterday because they did not see the price reach their target price, they would be amazed because it would never be easy for them.

I think the whales buying more is definitely something that will benefit us in the long term. It's not something guaranteed because we do not know if they will end up buying more, but we know that there are whales out there waiting to buy billions of dollars worth of bitcoin and that's a great thing. I know people will not be very happy about the fact that it hasn't happened so far, and they want to see it happen quicker, but that's the situation we are in right now.

I am quite happy about the fact that it's at least possible and should continue to be possible for a while longer. The only greater thing would be happening right now, and that's what people want, but it's fine if it doesn't come right away.

[Cryptomultiplier]

I have always been in support of a courageous move, mostly when it concern ones financial decisions. This is you deciding on the best course of action of investment. Perhaps you tried short-term investment and didn't like the outcome, now you intend to go long term, if I am correct.
I would advise you go all in and give it your best shot. It is not going to be as easy as it sounds because you'll be sacrificing alot; a percentage of your income to buy these Bitcoins, your lifestyle will have to be adjusted to meetup with this investment, and from my perspective I don't think you have a family, but incase you do, your partner has to consent to this idea.
It really doesn't matter if Bitcoin is $23k right now, a good DCA strategy would require a constant percentage of purchase on regular basis for the duration you choose. Luck might be on your side if at a certain point the price drops and you still buy with the percentage you have stucked with so far.
Patience pays and discipline in the run.

[Kakmakr]

OP, you should actually just make a small shift in your strategy.... because compulsive buying might not be the best approach. In the beginning I also did that... buying whenever I receive new disposable Fiat income... but I realized that "timing" is everything, when it comes to trading and making good profits.

Now, I gather Fiat income and I hoard it, until I see a large drop in the price.... then I buy a lot more coins for a much lower price. I also have a secondary strategy, where I buy bitcoins for my every day expenses... so that I pay with Bitcoin and not with Fiat ..for the things that can be paid with Bitcoin. (Example : Some local food stalls accept Bitcoin payment, so I convert my food budget to Bitcoin and I pay with Bitcoin for that) 

[Pejoh Asu]

As investors we must have a sense of optimism, bitcoin has a unique trend that is when the previous year dropped then the best thing is to keep buying, if we are patient and hold bitcoin for at least 2 years then I'm sure we can profit more than 100%, or 50% per year, even many investors are patient to hold long term and I often hear their success story when in 2016 buy for under $400 and can sell for $16k in 2017 or earn more than 4000% profit within 2 years.

[Wong Gendheng]

Everyone has drawn their resolution for the year as regard Bitcoin investment and more. Bitcoin is bound to do what it wants to do. And no matter where the direction of the market has chosen to point to, i will just buy until when i feel it has gone too high to keep buying.

I am longer paying attention to all the noise that comes with short term investment anymore. It is better to be in red on a short term than to lose out on big opportunities on a long term. If the market is selling at a low price i will buy, If it is buying at an uptrend i will still buy. The only difference is i will try not to buy too high because in all the buying profit is the target. The goal is not to get rich but to catch up with the next trend and ATH.

The fact is on a long run the market will do what it wants to do and not even the best analysis can change it from making its desired moves. Bitcoin long term prediction is becoming even more harder to make as external forces keep playing out in the market more often. Staying positive for long term goal has given so many good profit in time past and it won't be out of place if similar occurrence happens again on the long run

What do you think!!!

I think this is a good thing and worth we imitate, I also plan to continue to buy before the price skyrocketed, in January the price of bitcoin rose more than 35% and made me surprised and regret for selling cheap when the FTX case occurred at the end of 2022, now I'm sure That the future of Bitcoin will be even brilliant.

[tjtonmoy]

So you are basically talking about DCA right? It's a great way to keep your assets at the same value despite the market condition. I like it, but instead of also buying in the uptrend, you can wait for the market to go down again and buy at low price. And HODLing is a great way of investment for future. But if you are willing to make profit in the present, you have to take the right decision of not always buying. Sell at high, buy at low. I think this should be the strategy.

[erep]

So you are basically talking about DCA right? It's a great way to keep your assets at the same value despite the market condition. I like it, but instead of also buying in the uptrend, you can wait for the market to go down again and buy at low price. And HODLing is a great way of investment for future. But if you are willing to make profit in the present, you have to take the right decision of not always buying. Sell at high, buy at low. I think this should be the strategy.

Exactly, we must prioritize the DCA strategy in investing and not be affected by market movements from the recent recovery, make sure we keep buying at low prices even if we have to wait for the market to fall, so we must focus on the decision to buy low to increase portfolio assets for the long term Also, don't involve investing in bad altcoins because there is no guarantee that the altcoin price will recover and keep increasing the BTC assets in the portfolio.

[odunybiz]

Regardless of whether the price is high or low, starting small investments in bitcoin is a sensible move because the idea is to hodl and avoid missing out on the bitcoin ATH. Nevertheless, we anticipate seeing an all-time high for bitcoin around the time of the halving season in 2024. But it's a good idea to begin thinking in terms of planning ahead. Your small bitcoin investment from now might end up being worth a lot more in the future. Just take your time and be patient.

It's high time one should start accumulate Bitcoin towards the next bullrun. Waiting till the lowest low may make you miss out as no one can predict the lowest low of any coin/token.  It's better one keep buying gradually and hodl for good profit in future.

[wxa7115]

So you are basically talking about DCA right? It's a great way to keep your assets at the same value despite the market condition. I like it, but instead of also buying in the uptrend, you can wait for the market to go down again and buy at low price. And HODLing is a great way of investment for future. But if you are willing to make profit in the present, you have to take the right decision of not always buying. Sell at high, buy at low. I think this should be the strategy.

The idea behind DCA is to buy bitcoin at regular intervals regardless of the price at the time, if an investor begins to worry about it and prefers to wait until there is a downtrend to buy it then it is better for them to become traders instead.

As a matter of fact this is what makes DCA difficult to implement, this is a strategy that would be very easy for a bot to implement, but for a human this is difficult as there is always a natural desire for things to go our way, and this makes buying during an uptrend difficult as we cannot stop thinking about the recent past when we could buy bitcoin for a lower price and wish we could buy even more bitcoin at that price.

[DanWalker]

Well, if your aim is profit, your method will be less profitable and riskier than someone who buys & sell at the right time. Combine that with the ability to properly predict the market and move it to any direction you want, profit will be unbelievably high. I will choose the method that gives me better profit with risk that is next to nothing.
Your method not sustainable by the way

I've never seen anyone claim to have a method that turns risk close to zero, if you can do that, I think you were already a billionaire long ago and don't have much time left to visit the forum. Cryptocurrencies are considered the riskiest market, and with what I've been through over the years in the market, I'm pretty sure there isn't a single person who doesn't lose money in this market. But experienced investors will have a larger profit to compensate for that loss. By the way, I like OP's method, I found it worked for me too.

[Cookdata]

.........

You should care in a way to minimize risk and management, even the life we live that is independent of other people's opinions has much care talk more of bitcoin. Let's say for example during the FTX collapse just before we enter below $25k, there was a rumor that it was insolvent until it becomes public that they have paused withdrawals. If you are a trader or holder who DCA and care about it, you will be lucky to buy even as the prices keep breaking support simultaneously, this is the advantage you get when you pay attention to the FUD but never sell your bitcoin as a result.

[salad daging]

So you are basically talking about DCA right? It's a great way to keep your assets at the same value despite the market condition. I like it, but instead of also buying in the uptrend, you can wait for the market to go down again and buy at low price. And HODLing is a great way of investment for future. But if you are willing to make profit in the present, you have to take the right decision of not always buying. Sell at high, buy at low. I think this should be the strategy.

Exactly, we must prioritize the DCA strategy in investing and not be affected by market movements from the recent recovery, make sure we keep buying at low prices even if we have to wait for the market to fall, so we must focus on the decision to buy low to increase portfolio assets for the long term Also, don't involve investing in bad altcoins because there is no guarantee that the altcoin price will recover and keep increasing the BTC assets in the portfolio.

I think bitcoin is still in a positive trend because the price continues to move it will still be very low ($23,400) this is not a higher price but we would like to see ATH higher than the previous year so my assumption is $50k is still quite idealistic buying bitcoin with a target and I will decide on this plan on how DCA should continue because I want to multiply bitcoins long term, doing a lumpsum is not possible all the time so the DCA step I can afford now.

I'm going to stay focused on how long term this 5-10 years will be a little bit different, I know it's a patient wait and we're going to enjoy bigger payoffs because I'm sure about the movement of bitcoin which is called a cycle.

Altcoins? This is not a good asset criterion, it's just a short term token that can be discarded at any time because I won't store it in shitcoin.

[KiaKia]

Well, if your aim is profit, your method will be less profitable and riskier than someone who buys & sell at the right time. Combine that with the ability to properly predict the market and move it to any direction you want, profit will be unbelievably high. I will choose the method that gives me better profit with risk that is next to nothing.
Your method not sustainable by the way

You can't ever predict the market right, it's how many lose millions trading futures, once they get the market right they start believing that they can predict the market next move, in crypto space there is no way of making good profits with risk that's next to no risk at all unless I don't understand you.

In a bear market you have to buy and buy the best coins and sell when we are in a bull market, I have never heard anyone creating a crypto portfolio with over eight projects and fail, because even if one succeeds you will cover all your investment.

[AicecreaME]

Well that's the right thing to do.

There's no reason for you to doubt Bitcoin if you're a Bitcoin enthusiast, dips only means a good opportunity to buy and hodl for long term in order to maximize the profits. Rumors and other FUD(s) will just create more opportunities, not to be discourage in buying more. I'd doubt altcoins but not Bitcoin, the king itself. Keep on buying, because even though it pumped up to $24,000, it's way too soon to assume that we're on a bull run already, also $24,000 is still too far from your selling price which would be over $60,000 or more.

[348Judah]

Investing with bitcoin is a good and profitable decision, in doing so you can have that assurance that when you sleep your mond will be at rest, you also need to have taken some crucial steps before doing this, which has to do with the level of your exposure on investment, thw study feasibility you made on bitcoin price, the wallet you use and the oroper positioning taken to ensure you buy the dip and hodl by using a DCA method.

[Ayers]

What do you think!!!

That's also what I did throughout the year 2022, every time I get my salary at the end of the month, I will spend some money to buy bitcoin no matter what the bitcoin price is because my goal is long term and will only sell when bitcoin hit $100k. I am still accumulating bitcoins this year even though bitcoin is up 40% since the bottom, which makes me a bit sad because I have run out of opportunities to buy bitcoins under $20k. But I will continue my journey to accumulate bitcoin until bitcoin reaches the goal that I have set.

[xSkylarx]

What do you think!!!

That's also what I did throughout the year 2022, every time I get my salary at the end of the month, I will spend some money to buy bitcoin no matter what the bitcoin price is because my goal is long term and will only sell when bitcoin hit $100k. I am still accumulating bitcoins this year even though bitcoin is up 40% since the bottom, which makes me a bit sad because I have run out of opportunities to buy bitcoins under $20k. But I will continue my journey to accumulate bitcoin until bitcoin reaches the goal that I have set.

Don't be sad because other people right now are hoping to buy around $21K, but they didn't because they are scared that it will drop again. As long as you have money to spend, like your extra money from your salary to purchase bitcoin, it is okay to buy it, regardless of the price, because imagine if the price hits $100k. You will not compare the price whether you bought it at $20k or $25 because you gain a ton of profit. Just continue to accumulate, as you will not notice what price you bought when you hit your target.

[TribalBob]

actually it doesn't matter how much you buy btc and at what high value you stop buying it. 'IF' you have free funds
Having a good and accurate portfolio is everyone's dream because it can reduce the impact of unexpected events

[michellee]

Investing with bitcoin is a good and profitable decision, in doing so you can have that assurance that when you sleep your mond will be at rest, you also need to have taken some crucial steps before doing this, which has to do with the level of your exposure on investment, thw study feasibility you made on bitcoin price, the wallet you use and the oroper positioning taken to ensure you buy the dip and hodl by using a DCA method.

And as long as you haven't sold it, especially when the price is still low, your bitcoin will remain safe in your wallet and wait for the price to the peak. You can even increase the number of bitcoins you have by buying them at a low price and keeping them with other bitcoins. This will help you collect more bitcoins and as long as you don't panic and want to sell your bitcoins immediately because you see the price dropping, you can still hope to see the price start to rise again. And when the price can reach the peak price again, you can sell your bitcoins and take the profit.

[letteredhub]

The goal is not to get rich but to catch up with the next trend and ATH.

Lol this is the same thing. Catching up with the trend means wanting to set yourself up for the right trend and getting the trend right means easier profit, profit is additional money  . Anyway my point therefore is while catching up with the trend, don't take the wrong hasty decision and invest all you have just because of your convinction that price will automatically start improving. Remember to invest what you can bear to lose. The market don't go up all the time, the corrections are still there

But in my opinion, what Op said is also true, because being rich is different from making a profit. If people aim to be rich they usually become greedy, and many of those who aim like that do anything, even though, they don't know what they are doing. As for getting a profit, we must have calculated what target to achieve, and after hitting the target we usually always emphasize taking everything, or just taking profits. Because if you say so, who invests without thinking about profit?

Not bad if you agree with OP as at the end of the day it's profit we all look out for wether you choose to follow the trend or not. If getting greedy can get you what you looking out for then it's cool, one thing we need to understand is that in the crypto industry there are certain situations when greed becomes necessary in other to make good profit.

[iv4n]

actually it doesn't matter how much you buy btc and at what high value you stop buying it. 'IF' you have free funds
Having a good and accurate portfolio is everyone's dream because it can reduce the impact of unexpected events

That "if you have funds" makes the difference I guess. Many people would like to have more (including me, of course) free money for investing in different things, as you say, having a good portfolio is everyone's dream! But how many people actually have that "free money"? Most people live from month to month, or in the worst case day to day, and it's really hard to put some "significant" amount of money aside.

Each of us is in a different situation. I have two little kids and I am trying to finish the house, expenses are big... the prices are going up! It's a bit hard to keep up, and when you get into some "big projects" the money is just flowing away, sort of speaking...

And for sure we all want to reduce the impact of unexpected events and unexpected expenses, but shit happens. It's life!

[Distinctin]

As long as you are ready to hold it for a long time that was never thought of before, it's a good move. But you must also pay attention to your needs, lest you be forced to sell what you have collected due to urgent circumstances. It's a good situation when you are pressured and forced to sell bitcoin when the market is recovering and it gives you profit, but if it's the other way around, it's a loss, of course. My advice, besides investing in bitcoin, we also have to prepare savings that are separate from the assets that we will hold for a long time, so we don't have to sacrifice our bitcoin assets in a state of urgency at any time.

As long as you can manage the risk, that would be fine but never resort into buying more and more without even considering selling some of them when their prices are already in profits. It’s good to accumulate and fill in your portfolio with lots of bitcoin but remember, we all invest and hold for profits, so we should at least take time to sell to see some profits or rewards. Otherwise, we will end up being greedy which I think will be a reason for us to start losing instead of gaining profits.

[capedbaldy]

As long as you can manage the risk, that would be fine but never resort into buying more and more without even considering selling some of them when their prices are already in profits. It’s good to accumulate and fill in your portfolio with lots of bitcoin but remember, we all invest and hold for profits, so we should at least take time to sell to see some profits or rewards. Otherwise, we will end up being greedy which I think will be a reason for us to start losing instead of gaining profits.

You are right, there is always an opportunity to take profits instead of holding it until the market goes down and you don't gain anything other than holding the portfolio for the long term, the market will never be stable so if we hold large assets then it is better to take short term profits to increase the portfolio again on buying bitcoins at low prices.

[Ayers]

What do you think!!!

That's also what I did throughout the year 2022, every time I get my salary at the end of the month, I will spend some money to buy bitcoin no matter what the bitcoin price is because my goal is long term and will only sell when bitcoin hit $100k. I am still accumulating bitcoins this year even though bitcoin is up 40% since the bottom, which makes me a bit sad because I have run out of opportunities to buy bitcoins under $20k. But I will continue my journey to accumulate bitcoin until bitcoin reaches the goal that I have set.

Don't be sad because other people right now are hoping to buy around $21K, but they didn't because they are scared that it will drop again. As long as you have money to spend, like your extra money from your salary to purchase bitcoin, it is okay to buy it, regardless of the price, because imagine if the price hits $100k. You will not compare the price whether you bought it at $20k or $25 because you gain a ton of profit. Just continue to accumulate, as you will not notice what price you bought when you hit your target.

I don't have too much money, I can only buy bitcoin at the beginning of the month every time I get my salary, but I won't stop accumulating until the bitcoins have not passed the old ATH, that's my plan. I only regret that the market recovered so quickly, but it has also been profitable for me because most of the bitcoins I own are bought at an average of less than $20K. But I still expect bitcoin to correct below $20k again this year, and that will be our last chance to see $20k bitcoin. Because there is just one more bull season to come, bitcoin bottom will be at $40k, or $50k, IMO.

[karmamiu]

To be honest the investors that gained a lot in terms of investing aren't those scalpers or those who trades daily but those who are buying despite the price. Also according/based on Graham's analysis from his channel( BTW he's a youtuber who likes to gives opinions to some expert's advice and reviews). According to his analysis and some investors advice, it is said that the ones who earns and gained the most buys whatever the market price is on a certain stock or investment. I forgot the term they used but that's what it generally implies and I think it is also a wise move to do, try or consider when it comes to investing.

[tjtonmoy]

I'm going to stay focused on how long term this 5-10 years will be a little bit different, I know it's a patient wait and we're going to enjoy bigger payoffs because I'm sure about the movement of bitcoin which is called a cycle.

Altcoins? This is not a good asset criterion, it's just a short term token that can be discarded at any time because I won't store it in shitcoin.

This is the best approach for the current market condition. I don't actually care about alts. Specially the new ones. They can never live up to their potential or either it's just a scam. So the best bet is Bitcoin. I have a personal target of $30k price point in a few months. Hopefully, Bitcoin will reach it soon. It will take time I know, but sudden rise could happen. So I'm just hodling for $30k. 

[Pejoh Asu]

Speculation is of course commonplace, people are successful in bitcoin because they are willing to take risks and are not in a hurry to sell, many people can't wait and sell at a loss, there are also those who sell only get small profits and this certainly won't change our lives , immediately do big things that buy more and hold at least 3 years from now.

[sana54210]

The fact is on a long run the market will do what it wants to do and not even the best analysis can change it from making its desired moves. Bitcoin long term prediction is becoming even more harder to make as external forces keep playing out in the market more often. Staying positive for long term goal has given so many good profit in time past and it won't be out of place if similar occurrence happens again on the long run

Buying whenever you can beats buying only when it's low. Why would that be the case? Well simple for reasons really, one of them is the fact that if you end up buying when it is only down, then it means you will have to wait for it for a long time and that's a bad situation to be in, and that is not something that you should be doing.

Secondly, you never know when it is down, because it could keep going down and that would hurt, and lastly it would be because you would be holding fiat in your hand waiting for it to drop, losing potential profit. As you can see, if you keep buying at whatever price it is, as soon as you have some money to buy, it will result with much bigger profits.

[wxa7115]

To be honest the investors that gained a lot in terms of investing aren't those scalpers or those who trades daily but those who are buying despite the price. Also according/based on Graham's analysis from his channel( BTW he's a youtuber who likes to gives opinions to some expert's advice and reviews). According to his analysis and some investors advice, it is said that the ones who earns and gained the most buys whatever the market price is on a certain stock or investment. I forgot the term they used but that's what it generally implies and I think it is also a wise move to do, try or consider when it comes to investing.

This is not difficult for me to believe, most traders lose money anyway and the few which earn any are not good enough to beat the market and earn more than what simply holding will give you.

So buying whenever you have some money is the strategy that allows the most people to become successful, a simple and powerful strategy, unfortunately it is too simple for some as they cannot accept so much money can be made by doing this, but still this is the truth.