Why Not Just Buy BTC?

[Fivestar4everMVP]

I've seen over one dozen websites believing that BTC will skyrocket in the upcoming years.
The platform I use is Coinbase.
I'm thinking of just buying BTC-USD and just leaving it be.
Any thoughts on this strategy?

Good decision you take . Bitcoin is the best way to make some good profit with a safe and secure investment. But this the best decentralized eco system in Crypto industries. But one think always remind that the investment will safe and secure till it's on decentralized system but it will not be guaranteed when you use a centralized exchanger for holding it specially for long term.  So your investment choice and strategy all are good but kindly change the platform from centralized to decentralized system for holding it

With what I've experienced, that is the kind of losses I've experienced from holding coins, not just bitcoin alone, on centralized exchanges, if it was possible to buy bitcoin from a decentralized exchange, I would have also recommended that as well,..

But then operating a decentralized exchange is kind difficult for most crypto newbies, it is very easy for most to get around the complexity of centralized exchange, than decentralized exchanges, so best is as you have advised, buy the coins from a centralized exchange and immediately withdraw them to your non-custodial or self custodian wallet, hardwallet is always the best choice by the way.

[AicecreaME]

It's gonna skyrocket for sure but not always.

Buying Bitcoin and hodl it for long term is not bad after all, rather than pushing yourself to do futures trading even though you know you're bad at it. Just make sure to still monitor your Bitcoin from time to time because it might hit a price where you wanted to sell a certain amount or to make sure all of your Bitcoin is still there in your wallet.

Also, secure your private key, don't leave it unattended.

[Gallar]

I've seen over one dozen websites believing that BTC will skyrocket in the upcoming years.
The platform I use is Coinbase.
I'm thinking of just buying BTC-USD and just leaving it be.
Any thoughts on this strategy?

The strategy you are thinking of is not bad, in fact, in my opinion, it is a very good and simple plan to implement. Because basically, we as investors in bitcoin or investors in crypto, buy when the price is cheap/down and sell it at an expensive/increasing price. Basically it is like that. So if you buy bitcoin or USD and save it, it will be very potential and very good for your future. Especially to be more precise about storing bitcoin assets. because the potential for bitcoin in the future will be very large.

And it is true that according to the cycle that always occurs in bitcoin, next year there will indeed be a bitcoin halving, which usually occurs once every four years. With this halving, the price of bitcoin usually always experiences a fairly high increase. So buying bitcoins now and saving them for the upcoming halving is definitely a very good idea or strategy to implement.

[nur rochid]

I've seen over one dozen websites believing that BTC will skyrocket in the upcoming years.
The platform I use is Coinbase.
I'm thinking of just buying BTC-USD and just leaving it be.
Any thoughts on this strategy?

The strategy you are thinking of is not bad, in fact, in my opinion, it is a very good and simple plan to implement. Because basically, we as investors in bitcoin or investors in crypto, buy when the price is cheap/down and sell it at an expensive/increasing price. Basically it is like that. So if you buy bitcoin or USD and save it, it will be very potential and very good for your future. Especially to be more precise about storing bitcoin assets. because the potential for bitcoin in the future will be very large.

And it is true that according to the cycle that always occurs in bitcoin, next year there will indeed be a bitcoin halving, which usually occurs once every four years. With this halving, the price of bitcoin usually always experiences a fairly high increase. So buying bitcoins now and saving them for the upcoming halving is definitely a very good idea or strategy to implement.

but also usually with an increase in bitcoin it will be followed by an increase in altcoins, therefore we must be good at managing finances to get bigger profits. However, you have to be careful when choosing an altcoin to invest in, of course there are some decent altcoins to invest in, even though investing in bitcoin alone is a good choice. and of course shitcoin will move wildly, but we have to be more observant in analyzing and observant in managing finances, because it has a very big risk

[rozak]

but also usually with an increase in bitcoin it will be followed by an increase in altcoins, therefore we must be good at managing finances to get bigger profits. However, you have to be careful when choosing an altcoin to invest in, of course there are some decent altcoins to invest in, even though investing in bitcoin alone is a good choice. and of course shitcoin will move wildly, but we have to be more observant in analyzing and observant in managing finances, because it has a very big risk

it's up to you to play with your altcoin or shitcoin. the clear best choice is Bitcoin. and buy and store in your wallet. never leave it on the exchange. beginners have different thoughts when they buy Bitcoin or any coin then they leave it on the exchange and feel it is quite safe. not only is it a matter of privacy because of KYC, but assets are not really in your control when you leave your assets in the hands of an exchange.

[Bitcoin_people]

I've seen over one dozen websites believing that BTC will skyrocket in the upcoming years.
The platform I use is Coinbase.
I'm thinking of just buying BTC-USD and just leaving it be.
Any thoughts on this strategy?

Most investors in crypto believe in bitcoin investing in bitcoin is a wise move. And these strategies have been followed by people for years and have been investing in Bitcoin. People adopt the strategy of investing in Bitcoin and holding it when its price drops and selling when its price skyrockets. And the more savvy investors buy Bitcoin and hold it for the long term. They know Bitcoin will reach a point at some point where people will be very interested in buying Bitcoins but the majority will have very few Bitcoins. Because Bitcoin is a limited number of currency, when people hold large amounts invested in it, the impact of Bitcoin will be seen. So investing in Bitcoin is always trying to hold on to it and leave a huge asset as Bitcoin for the future.

[adzino]

I've seen over one dozen websites believing that BTC will skyrocket in the upcoming years.
The platform I use is Coinbase.
I'm thinking of just buying BTC-USD and just leaving it be.
Any thoughts on this strategy?

Stop reading those articles where they make price prediction and tries to convince you that the price will skyrocket. See how many past predictions came true. Crazy predictions were made the year before, but we ended up having the opposite. Just do your own research and you decide how much you want to invest and how long you are willing to hold.

The holding strategy isn't bad as long as you are willing to hold your bitcoin until you make profit. Don't use a centralized wallet like Coinbase to hold your coins. Use your own wallet where only you have access to the keys!

[Mauser]

I've seen over one dozen websites believing that BTC will skyrocket in the upcoming years.
The platform I use is Coinbase.
I'm thinking of just buying BTC-USD and just leaving it be.
Any thoughts on this strategy?

That is a very good strategy and if you don't have so much free time to trade actively it's the best approach for you. The so called HODL strategy has been one of the most profitable strategies since the launch of Bitcoin. The long term trend of Bitcoins is still upwards and any holder is going to profit from it. Without the need to constantly buy and sell our positions we also save on transaction fees. If you don't hold any Bitcoin yet I would definitely recommend you buy some coins today and just leave them for now. In case you are looking for more active trading opportunities I would recommend you look at the alt coin market and pick a few less popular coins to trade on the side. Then you can use any future profits to buy more bitcoins and grow you crypto portfolio. Or if you only want to focus on Bitcoins, then split your coins into two wallets. Make one longterm storage wallet where you keep 80% of your coins, and use another wallet for active trading with the remaining 20%. Here again you can active trades depending on the time you have and any profits you should keep adding to your HODL wallet.

[Mr. Magkaisa]

I've seen over one dozen websites believing that BTC will skyrocket in the upcoming years.
The platform I use is Coinbase.
I'm thinking of just buying BTC-USD and just leaving it be.
Any thoughts on this strategy?

     -   Yes, there are many people who really believe in what you are saying and there are also many people who believe in other top altcoins that the market price will also kick up a lot when the bull run comes. And that depends on the belief of each individual crypto fanatic.

I also believe in Bitcoin, my other btc is in Binance, and the rest is in Electrum, that's all I do but I don't hold a large amount, but I don't deny that I also hold other altcoins and Memecoins which I think will also give me a boost come bull season.

[zahed]

Such predictions can give anyone but it is not like that those website will give 100% guarantee but Bitcoin is top cryptocurrency and it's have many history to price goes skyrocket. Before holding in a centralize exchange you should buy a hardware wallet because Coinbase is a custodial wallet.

[Yamifoud]

Influencers will say everything good in order to convince people to use their platform. Now, if you keep following these people and continue reading what they wrote, it certainly puts into your mind that they are right. Well, of course, Bitcoin is going to believe that will rise and be bullish again in the next few years but something we need to be careful and also analyze what they have said because it can be possibly a trick.

You can buy Bitcoin and hold them but must be sure also that you are using the right wallet where to store your Bitcoin. You can't find safety using an exchange wallet, it would be better to have your keys and password.

[cryptodude]

From the history of Bitcoin's birth until now, those who know about Bitcoin know very well that one day the value of Bitcoin will skyrocket. Since after a while no more bitcoins can be created then the price of bitcoins will definitely skyrocket as bitcoins spread to more and more people day by day. When the number of investors is more than Bitcoin then surely the value of Bitcoin will increase. maybe it's good time to invest bitcoin.

[Minecache]

I've seen over one dozen websites believing that BTC will skyrocket in the upcoming years.
The platform I use is Coinbase.
I'm thinking of just buying BTC-USD and just leaving it be.
Any thoughts on this strategy?

The strategy you are thinking of is not bad, in fact, in my opinion, it is a very good and simple plan to implement. Because basically, we as investors in bitcoin or investors in crypto, buy when the price is cheap/down and sell it at an expensive/increasing price. Basically it is like that. So if you buy bitcoin or USD and save it, it will be very potential and very good for your future. Especially to be more precise about storing bitcoin assets. because the potential for bitcoin in the future will be very large.

And it is true that according to the cycle that always occurs in bitcoin, next year there will indeed be a bitcoin halving, which usually occurs once every four years. With this halving, the price of bitcoin usually always experiences a fairly high increase. So buying bitcoins now and saving them for the upcoming halving is definitely a very good idea or strategy to implement.

but also usually with an increase in bitcoin it will be followed by an increase in altcoins, therefore we must be good at managing finances to get bigger profits. However, you have to be careful when choosing an altcoin to invest in, of course there are some decent altcoins to invest in, even though investing in bitcoin alone is a good choice. and of course shitcoin will move wildly, but we have to be more observant in analyzing and observant in managing finances, because it has a very big risk

I agree, even though bitcoin is a good investment in the crypto market, and investing in bitcoin seems safe to us, but that doesn't mean we should miss out on bigger opportunities with altcoins. We should not deny that once the bull season arrives, many altcoins will have impressive growth and better returns than bitcoin. I don't recommend anyone invest in altcoins, but if someone is confident in themselves, they should try their luck with them. Don't be stubborn and deceive yourself that bitcoin is the best and should stay away from altcoin while all want bigger profits.

[puloweh555]

Influencers will say everything good in order to convince people to use their platform. Now, if you keep following these people and continue reading what they wrote, it certainly puts into your mind that they are right. Well, of course, Bitcoin is going to believe that will rise and be bullish again in the next few years but something we need to be careful and also analyze what they have said because it can be possibly a trick.

Yes, I agree with your opinion. It is true that many influencers provide strategies for investing in bitcoin, but all of them are right and some are not right for us to implement. The wisest thing in determining an investment strategy is to have both. Listen to a lot of Influencers but we also have to do independent research, because this is necessary for consideration when making the right decision.

You can buy Bitcoin and hold them but must be sure also that you are using the right wallet where to store your Bitcoin. You can't find safety using an exchange wallet, it would be better to have your keys and password.

Again I agree. If buying bitcoin for the long term, try not to store assets on the exchange. Because this is very vulnerable especially when we store large amounts. Bitcoin is an asset that has the definite nature of growing significantly, you don't need to think anymore about going up or down now, just buy bitcoin by DCA because the halvings are all multiplied.

[RewFrew]

I've seen over one dozen websites believing that BTC will skyrocket in the upcoming years.
The platform I use is Coinbase.
I'm thinking of just buying BTC-USD and just leaving it be.
Any thoughts on this strategy?

Yes i think your information will be correct. I also think in future Bitcoin will fly and It's price will increase unbelievable way. Because Bitcoin is very popular now for investment. And you choose coinbase for hold your Bitcoin it is also good i think. Also BTC-USD is good pare. If you hold Bitcoin now i think in future it will give you big profit there has no doubt. But my advice you can do DCA it is best way for cryptocurrency investment. When price will down then you can buy Bitcoin. I think DCA will help you to reduce loss and within short time it made profit.

[Dr.Bitcoin_Strange]

It's gonna skyrocket for sure but not always.

Buying Bitcoin and hodl it for long term is not bad after all, rather than pushing yourself to do futures trading even though you know you're bad at it. Just make sure to still monitor your Bitcoin from time to time because it might hit a price where you wanted to sell a certain amount or to make sure all of your Bitcoin is still there in your wallet.

Also, secure your private key, don't leave it unattended.

Future trading is not even bad, though for those who really know how to trade very well, there are people who make  profit from future trading. The truth is that they encounter losses sometimes, while those who only buy low and sell high during a bull market have nothing to lose because they did not sell when the price was low. I know a trader who has been trading for a year and is not giving up; he's living large and still has some Bitcoin in his hold, which he doesn't use for his future trades. I like the idea that I can still hold some Bitcoin and still do future trading with some fraction, although it depends on how good I am with trading.



Cheers 🥂, Dr.Bitcoin_Strange 👺👺

[2girls]

Such predictions can give anyone but it is not like that those website will give 100% guarantee but Bitcoin is top cryptocurrency and it's have many history to price goes skyrocket. Before holding in a centralize exchange you should buy a hardware wallet because Coinbase is a custodial wallet.

Totally agree with you that predictions are made by many people and experts but there is no guarantee, because cryptocurrency market is a volatile market, prices can go up and down here.Here any good news can take the market very high and any bad news can crash the market badly.However, in the cryptocurrency market, Bitcoin is the most trusted cryptocurrency.. it is fair to say that the price of Bitcoin in the cryptocurrency market may go up in the near future.Your suggestion is also correct to always keep your assets in your personal wallet.Well, there are many wallets to keep your assets but hard wallet is considered the best and safest.

[beerlover]

I've seen over one dozen websites believing that BTC will skyrocket in the upcoming years.
The platform I use is Coinbase.
I'm thinking of just buying BTC-USD and just leaving it be.
Any thoughts on this strategy?

Buying BTC-USD using the dollar cost averaging method is still very relevant to do, but don't let BTC be stored on the buying and selling platform.
Whatever platform you are going to use to buy Bitcoins and choose to just leave it on the buying and selling platform without moving it to a trusted wallet, then that is not a positive strategy but a strategy of handing over the safe keys to robbers to take your money.

BTC USD? Is this some kind of a peg in order to prevent the value of BTC to fluctuate? But I thought OP only wants BTC alone and not other variations with it. That will still work and it was in fact better because there is no risk on it, I mean the coin is originally developed by Satoshi and we are sure that he won't do some manipulations or sabotage it like any other coins out there.

Coinbase is a registered company. It's not new anymore so I don't wonder on why the OP and others are confident on leaving their funds on them for a long time but as you said, it is still better to transfer the coin to the wallet which lets us own our keys because we still don't know what can happen to them later on. It's better to be safe than sorry.

[Unbunplease]

Yes, you can just buy bitcoin and wait, but right now bitcoin is still more of a universal trading instrument. If you know how to trade, you can make money on every rise and fall. Hold is more applicable to other cryptocurrencies. Bitcoin hold yields are pretty low right now (not like in the beginning).

[UchihaSarada]

Yes, you can just buy bitcoin and wait, but right now bitcoin is still more of a universal trading instrument. If you know how to trade, you can make money on every rise and fall. Hold is more applicable to other cryptocurrencies. Bitcoin hold yields are pretty low right now (not like in the beginning).

Trading is risky and I can lose my capital with trading. You say Bitcoin hold yields are now low than in the past years but I will hold my bitcoin. Because it is safer for my capital and I will more probably get profit with holding.

With trading, I might not get profit and my capital can be eaten too. I will have to spend more time if I trade my bitcoin but with holding, it will not consume too much time.

ROI chart.
https://casebitcoin.com/charts#roi_chart