I have resolved into buying more and caring less

[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.

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[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.