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Author Topic: The two ways to invest in bitcoins.  (Read 585 times)
mamesso
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April 25, 2023, 04:20:53 AM
 #21

Buying big - Although this is generally not advised, I think buying big can be good if you can afford to buy big and then follow up with adding small amounts to what you have. Buying big will help you get a good amount of bitcoins quickly.
You also have to pay attention to market conditions when you want to buy in large quantities, which requires analysis so you don't enter at the wrong time. Buying in large quantities can still be done by investors who have deep pockets, the falling price of Bitcoin is a delicious meal for them to get Bitcoin at low prices.

Buying small occasionally, otherwise known by the name of dollar cost averaging - This is method that is advised for people who are not rich, and who do not have enough money to buy big. I think if you have enough money to buy big and follow up with buying small amounts, but you just decide to buy small amounts regularly, you are not doing the best for yourself. 
I personally prefer to use CDA, part of the income I get from real work I invest in Bitcoin. Do it regularly without having to be afraid of losing, Bitcoin always provides multiple profits for those who are able to be patient.

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April 25, 2023, 06:16:44 AM
 #22

There are only two ways to invest in bitcoins from some topics I have read in this forum, to buy a big amount of bitcoins once and to buy small amounts regularly according to a plan.

Buying big - Although this is generally not advised, I think buying big can be good if you can afford to buy big and then follow up with adding small amounts to what you have. Buying big will help you get a good amount of bitcoins quickly.

Buying small occasionally, otherwise known by the name of dollar cost averaging - This is method that is advised for people who are not rich, and who do not have enough money to buy big. I think if you have enough money to buy big and follow up with buying small amounts, but you just decide to buy small amounts regularly, you are not doing the best for yourself. 



Dollar-cost average works well for me, For someone who doesn't have a lot of funds to invest, DCA helps you to accumulate Bitcoin easily, it was just similar to saving but most of the time I lower the amount of Bitcoin that I buy especially if the market price is up to a certain percentage, I think it's a better strategy than buying same amount every time, then I increase my buying power when the market price is down.

Anyway, the important thing is you buy and accumulate Bitcoin in the long term, it's always gonna end up a profit as long as your going to buy low and sell high. Investing 1$ every day in bitcoin over the last five years

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April 25, 2023, 06:34:24 AM
 #23

There’s a lot of way to purchased Bitcoin and you only mention the popular which is the DCA. You can buy anytime that you want big or small simultaneously at different price level or in random pattern depends on your current financial capabilities. The method of buying Bitcoin is not bound on any rules or method since anyone can freely accumulate whenever and whatever they want because Bitcoin gives us financial freedom to control our investment.

Saying there’s only two way on buying Bitcoin is wrong because there’s a lot of possible combinations and irregular patterns to do it. Also this is not ways on buying Bitcoin but rather a measurement on when to buy Bitcoin.
isn't the DCA you mentioned the Dollar cost Average op indicated in his post??.
Is the a difference, why and how??

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April 25, 2023, 06:39:45 AM
 #24

It's still a good way of introducing the most popular or common ways of investing in Bitcoin. Since there's a lot of people who invest in a volatile situation not knowing what's their plan. Financial status also have a major role in investing in Bitcoin, since your puting your money at stake and risk that you are not sure that you'll profit or not. You should know your status for you to not blindly invest.
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April 25, 2023, 07:25:30 AM
 #25

There are several ways to invest in Bitcoin my dear apart from the two which you just mentioned above such as  buying big and buying a small regular consistent amount, as the other ways to invest in Bitcoin include mining whereby all a user need is buy a mining equipment which does the work of solving complex algorithms and validate transactions on the Bitcoin network, and in exchange receive a reward in Bitcoin daily. While the other involves Bitcoin Future trading whereby whereby investors are allowed to speculate on the future price of Bitcoin and if they could be correct, end up receiving a reward.

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April 25, 2023, 07:39:49 AM
 #26

For example, when bitcoin fell to $15k last year, that was too low a drop, we should buy a large amount instead of still using DCA with only 10% or 30% capital.

By the way, there may be some risk as there is still a chance that bitcoin will continue to fall, but if calculated carefully, the profit will be much larger than DCA. I also bought a bulk for $17 last year, and I missed under $16k, but the difference for me was negligible.

That's correct, but it's still not a surprise that some people don't really have a planned price they want to buy; some people just want to always be a lamer in the crypto space. At $15k, some people are still speculating for $10k or $8k, but they fail to realize that buying Bitcoin below $19k is really a perfect opportunity. and even if the price dropped, the difference wouldn't be that much. Some people are afraid of the perfect time to buy; they feel if they buy at a certain price below $20k, it might still fall more, but even if they are afraid, they can divide their capital into two or three places and invest one portion, although it depends on how huge the capital they even have.

Last year, a friend waited to buy at $12k based on his speculation. From the advice he gathered on YouTube and other platforms, he became so convinced that Bitcoin would fall to $12k that even when the price spiked from $15k to $17,000, he still believed it would dump more. It wasn't until this year that he finally bought it for $20,000. So if he had bought when it was still less, he would have made more profit; even without the DCA, he would have at least used some of his capital to buy at the $15k price while still waiting for his speculated price.

It doesn't just happen to your friend, I've seen it happen to many people on this forum, many of whom haven't even bought any bitcoins yet. Some are still waiting in vain for bitcoin to drop to $12k, while some are growing impatient and asking people the best time to buy bitcoin this year.
I know bear season isn't over yet, but expecting bitcoin to drop below $16k again is highly unlikely, and now is still the perfect time to accumulate bitcoin. But they continue to question whether to buy or not and still wait.

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April 25, 2023, 08:04:04 AM
 #27

Of the two ways to buy bitcoins, it is better to invest with a small amount when starting a new investment. Otherwise, if you face a loss by investing more money, you will not continue to invest later. I think investing should be done when the market is down. And when the position of the market goes up, selling bitcoins can be easily profitable by investing in bitcoins.
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April 25, 2023, 11:32:50 AM
Merited by Josefjix (2), Hyphen(-) (2), KiaKia (2)
 #28

Buying big - Although this is generally not advised, I think buying big can be good if you can afford to buy big and then follow up with adding small amounts to what you have. Buying big will help you get a good amount of bitcoins quickly.

Buying big depends on your financial capability as well as your awareness of market activities.  Those who are new to the market and are unable to tolerate market volatility should refrain from making large purchases. This is also a good option for individuals who want to start trading because they can buy a small bit of it and learn how to trade with it to limit the chance of loss.

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Buying small occasionally, otherwise known by the name of dollar cost averaging - This is method that is advised for people who are not rich, and who do not have enough money to buy big. I think if you have enough money to buy big and follow up with buying small amounts, but you just decide to buy small amounts regularly, you are not doing the best for yourself. 

The Dollar Cost Averaging approach is appropriate for everyone, rich or poor. It simply relies on how much money you are willing to spend on purchasing at that period when the cost is quite considerable.  Both rich and poor people desire to buy while the price is low, but it all depends on how many bitcoin they can afford to acquire at that moment while still having enough money for daily self-consumption.

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April 25, 2023, 12:28:41 PM
 #29

yes, there are different ways to buy btc, but the most important thing is a good buying system and analysis before buying, and in my opinion whether the amount of money is big or small, I think it's the same.

but it would be better if the big money also used the dca system.
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April 25, 2023, 04:07:08 PM
 #30

You have spoken about Bitcoin investment by rich, average and poor investors which all depends on Buying from an already existing store or wallet. But I have heard people talk about buying an ASIC that is capable of mining bitcoin (such as CGminer, BFg miner etc) is that not also a way of investing in bitcoin or is there nothing like bitcoin mining software applications??
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April 25, 2023, 04:30:49 PM
 #31


It doesn't just happen to your friend, I've seen it happen to many people on this forum, many of whom haven't even bought any bitcoins yet. Some are still waiting in vain for bitcoin to drop to $12k, while some are growing impatient and asking people the best time to buy bitcoin this year.
I know bear season isn't over yet, but expecting bitcoin to drop below $16k again is highly unlikely, and now is still the perfect time to accumulate bitcoin. But they continue to question whether to buy or not and still wait.

LoL, talking about most people in the forum, yeah, that's absolutely the truth. Some people just have one reason or another for not buying yet. Although investing in Bitcoin is not a forceful thing to do, let them invest when they feel comfortable, like when they are fully convinced and when they can hold. While it's being overlooked as just a common thing, I think the ability to hold Bitcoin for a long time is an uncommon skill that some people do not have, and that's also a reason why they would not buy because they think even if they did, it must be at a very low price so they don't get so panic when price wall and could be forced the sell.

Whoever is speculating $12k now is just speculating something so unlikely to occur, but perhaps we can see $22k again (just my thoughts).
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April 25, 2023, 09:29:47 PM
 #32

But make sure you should invest in any amount that you will be afford to bear the risk, and make sure any money you are investing in bitcoin, you won't be needing it for that particular moment, don't invest the amount u will be needing in few days. The DCA investment way is one the best for small investors who can not afford big capital to invest in Bitcoin at beginning. And the DCA to grow ownership by buying it periodically according to the bitcoin price situation. Buying big depends on your financial capability as well as your awareness of market activities.

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April 25, 2023, 09:47:15 PM
 #33

There are many ways to invest in bitcoin, your two ways of investment suggestion is well appreciated.

Buying big - Although this is generally not advised, I think buying big can be good if you can afford to buy big and then follow up with adding small amounts to what you have. Buying big will help you get a good amount of bitcoins quickly.
I am the guy who believes in moderate investment because anything less than 50$ investment will be hard for anyone to make a profit from their investment unless they hold their coins for a long period of time. Moderate amount for me anything between 300$-500$, it is the amount where you can make a profit by trading bitcoin.
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April 26, 2023, 05:55:39 AM
 #34

Well, buy big when the price is low is a good idea that helped Many people to become successful in their investment, but if you don't have the money to buy big at the moment you can buy small and hold for the price of BTC to increase higher before you can release them for sale. Don't forget to use the money you can  afford to lose because, BTC price is unpredictable which the price can increase higher at anytime for people to experience bull season, and it can also decrease down at anytime for people to experience bear in the market. Don't forget that the two ways to invest in BTC you mentioned has risk, so they should be ready to face the risk to enable them to earn well in future.

It is not difficult to purchase a large quantity of bitcoins, but you must have a source of income that allows you to do so. It has been stated that you can purchase bitcoins in large or small quantities, making it clear that neither is required. This means you can purchase bitcoins with any amount of cash you have to purchase and hold. If you truly understand the investment process, it is also very easy to make a profit.
We are all aware that the price of bitcoin fluctuates over time, so investing in it today does not guarantee a profit tomorrow. If you believe that a large investment won't be successful or feel comfortable making a small investment from the money you already have, don't be overly eager to take on risk.

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April 26, 2023, 06:14:10 AM
 #35

Buying small occasionally, otherwise known by the name of dollar cost averaging - This is method that is advised for people who are not rich, and who do not have enough money to buy big. I think if you have enough money to buy big and follow up with buying small amounts, but you just decide to buy small amounts regularly, you are not doing the best for yourself.  

Sorry guys I don't think the use of DCA is just limited to people who only have a small amount of money or can't afford to buy a large amount at once. But this DCA can also be applied in some conditions.

- As in conditions when there are indications that predict the market will experience a decline (bearish market). So that regular and regular purchases can actually prevent us from buying at high prices. so that if every week there is a decrease then we can buy at a cheaper price every week. So the average purchase price we become cheaper.

- Other conditions might indeed be possible when we only want to invest with the money that we set aside every time we receive a salary every month or every week. Regardless of the price when purchasing because we focus on the long term.
And many other good conditions if we apply DCA. because DCA is also pretty good at maintaining the investor's mentality in accumulating bitcoins.

Because if we buy BTC in large quantities at once or in one purchase then I think our psychology is prone to panic. if after the purchase it turns out that the market has experienced a deep correction. So I still don't recommend it even to rich people.

I also learned to accumulate patiently or it could be in other ways such as purchases made every time there was a decline. and we are ready to accumulate at every price level that we mark (Average Down). I was taught a few months ago about this one way by my friend. But he said that this method can only be done in a bearish trending market.

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April 26, 2023, 06:15:15 AM
Last edit: June 15, 2023, 08:08:52 PM by moneystery
Merited by fillippone (1)
 #36

Investing in smaller amounts is recommended for those who want to invest in Bitcoin but cannot accept the high risk of loss from their investment.

For most people who invest in Bitcoin with smaller amounts of money, losing some of their investment is not a problem because usually this money comes from their reserves, which they are okay with losing. In contrast to those who invest large amounts of money, usually they have the potential to regret and think Bitcoin is a scam when they lose their investment, because they invest with money they are not willing to lose and indeed their thoughts about Bitcoin from the start can make them richer faster

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April 26, 2023, 06:33:44 AM
Merited by fillippone (1)
 #37

Dollar cost avarege is the best way to invest in Bitcoin or any other altcoins. Because when you buy a big amount in a short time you may have a risk to lose funds if market crash. Again if you buy a little amount and when dumps again buy more then your portfolio will grow according to your investment plan and there will be a little risk because you still have funds to invest if market dumps. So always do DCA effectively and that's my opinion.

You can also buy a big amount if you are fully confident about the market movement then it will be more profitable. But in most of the cases DCA wins. So choice is yours.
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April 26, 2023, 07:23:02 AM
Merited by fillippone (1)
 #38


It doesn't just happen to your friend, I've seen it happen to many people on this forum, many of whom haven't even bought any bitcoins yet. Some are still waiting in vain for bitcoin to drop to $12k, while some are growing impatient and asking people the best time to buy bitcoin this year.
I know bear season isn't over yet, but expecting bitcoin to drop below $16k again is highly unlikely, and now is still the perfect time to accumulate bitcoin. But they continue to question whether to buy or not and still wait.
In such cases, I say that if they did not buy at a price of 15k, then where is the guarantee that they will buy at a price of 12k? Although I'm not sure if the price will drop that low, it looks like this correction will not be long and Bitcoin is turning up at the moment. If the price still continues to rise now, then it will be possible to say that the best time to buy has been missed. And it’s hard to say how to proceed further for those who have not bought yet, I bought the whole of 2022 and plan to buy until the price exceeds 30k, this is my plan that I made from the very beginning of investing and which I will stick to. I think having a plan is very important in any business.
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April 27, 2023, 07:00:02 AM
 #39

There are only two ways to invest in bitcoins from some topics I have read in this forum, to buy a big amount of bitcoins once and to buy small amounts regularly according to a plan.

Buying big - Although this is generally not advised, I think buying big can be good if you can afford to buy big and then follow up with adding small amounts to what you have. Buying big will help you get a good amount of bitcoins quickly.

Buying small occasionally, otherwise known by the name of dollar cost averaging - This is method that is advised for people who are not rich, and who do not have enough money to buy big. I think if you have enough money to buy big and follow up with buying small amounts, but you just decide to buy small amounts regularly, you are not doing the best for yourself. 

People mostly buy according to what they can afford and People would want to also but big if they feel they are buying at the lowest bottom of the market.  Their is no specific method on how  people should buy bitcoin,  I think people buy in a way which buying must suit their income or capital. When buying it is not advisable to buy big that can't be afford to lose, buying bit by bit of what one can afford is the best way to buy. I do not know your definition of what you mean by buying big, but if it should be big it  should be what one can afford to lose and not with 80% of savings, but something you know you will not really depend on  in a short time.

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April 27, 2023, 08:48:00 AM
 #40


It doesn't just happen to your friend, I've seen it happen to many people on this forum, many of whom haven't even bought any bitcoins yet. Some are still waiting in vain for bitcoin to drop to $12k, while some are growing impatient and asking people the best time to buy bitcoin this year.
I know bear season isn't over yet, but expecting bitcoin to drop below $16k again is highly unlikely, and now is still the perfect time to accumulate bitcoin. But they continue to question whether to buy or not and still wait.
In such cases, I say that if they did not buy at a price of 15k, then where is the guarantee that they will buy at a price of 12k? Although I'm not sure if the price will drop that low, it looks like this correction will not be long and Bitcoin is turning up at the moment. If the price still continues to rise now, then it will be possible to say that the best time to buy has been missed. And it’s hard to say how to proceed further for those who have not bought yet, I bought the whole of 2022 and plan to buy until the price exceeds 30k, this is my plan that I made from the very beginning of investing and which I will stick to. I think having a plan is very important in any business.

It could also be that if they don't want to buy when bitcoin hits $15k, then if bitcoin drops to $12k, they'll most likely wait to buy at $10k, LOL.
I want to know, what do you do next if bitcoin crosses $30k because I don't find bitcoins past $30k too hard? We are very close and will most likely break through that level this month, and we still have a long way to go until the bull season arrives.
As for me, I have also accumulated bitcoins throughout 2022 and will continue to accumulate until the halving happens, or if bitcoin is still lower than the old ATH, I still don't mind buying.

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