Why Not Just Buy BTC?

[dothebeats]

It's a good strategy but certainly not something that a lot of people will recommend given that it's not wise to put all your eggs in one basket. If you have other assets outside of bitcoin then perhaps this would be something that could work for you. If you're not betting your life savings into bitcoin then you can do this no problem, though be ready for the heartaches and disappointments when they come, especially when the price starts to dip so hard that the only thing left to do is forget about bitcoin for a while.

[Dr.Bitcoin_Strange]

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?

Well, just as you said that you have been using Coinbase, I want to ask, Hope you have received an email from Coinbase just like what I have on the image below? 



If you are buying or selling Bitcoin, I suggest that you mostly use only DEX to carry out your Bitcoin transaction. Also, don't develop the habit of keeping your coins in a centralised exchange, or else you might lose your asset unexpectedly. The rest has been said by others.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

[Myleschetty]

Any thoughts on this strategy?

Those who urge you to acquire Bitcoin because of the skyrocketing price that will occur in the coming years are correct since Bitcoin usually follows a 4-year cycle and every Bitcoin halving is always a rally season.
Buying Bitcoin now is thus a solid move, but you must apply risk management and never invest out of greed of making profit.

[Ndabagi01]

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?

Purchasing additional bitcoin and accumulating them for long-term profit is really advantageous. Dozens of websites predict that bitcoin will skyrocket, and dozens more people believe the same. As long as you don't sell them, 1BTC will remain 1BTC. Waiting is always the most difficult part of maximizing the earnings that must have accrued over the years.

[wxa7115]

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 bitcoin and holding it is a simple and yet a powerful strategy, however I am a little bit worried about your comment about just let it be, I suppose that by that you mean leaving your coins at Coinbase wihtout moving them at all, and if I am correct then this is a very dangerous move.

Centralized exchanges regardless of how powerful they may seem can collapse very quickly, and we have a very recent example of this with FTX, so if you decide to follow through and execute this plan I recommend that you hold those coins on your own wallet.

[_act_]

Is this a good time to buy bitcoin? It probably is.   But are you willing to wait several years for 2-3x? It all depends on your financial capabilities. It is unlikely that bitcoin will fall to 9000 - as many have predicted recently. It is also unlikely that bitcoin will fall below 15000. So you can buy now, but you don't know when you will make a profit.

Bitcoin can not fall below $15000 is what I think too. The market is green for now and the support at $25000 would be strong, if it gets to $20000 because it is still possible, I do not think bitcoin will fall much further than that. If there would be another worse bear market, bitcoin will not fall below $17000 is what that I think.

To invest now is still good, but DCA can help. 2024 is still far, like six months from now. Having too is round march or April of next year. There is possibility that the price may still fall one more time, which would be a good time to by more, but buying now using DCA is good.

[TheSpiral]

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?

Its depends upon you , if you want to hold for long term with low risk coin then BTC is fit for you and you don't need to think of other coins. every one has one strategy with which he entered in market. my strategy is to invest half fund for btc while other trade in other potential coins to make quick profit and at the end buy btc. now there is little difference in our strategy. you have just hold btc and i have increased quantity of btc but you traded risk free while i can loss too

[yudi09]

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.

[Lucius]

I've seen over one dozen websites believing that BTC will skyrocket in the upcoming years.

I know it's not easy not to fall under the influence of all the so-called experts and their clickbait titles, but don't let them shape your opinion on what and when to invest in. Until you understand what you are actually investing in and how to properly secure your investment, you come out with an increased risk of making some kind of mistake that can cost you dearly.

I'm thinking of just buying BTC-USD and just leaving it be.
Any thoughts on this strategy?

In general, the strategy of keeping BTC on exchange is not desirable, especially if you are going to keep them for a long time - so although this company has been on the market for a long time and has a certain reputation, it might be a good idea to check what happened in the past with Mt.Gox, Quadriga or FTX.

However, it should be emphasized that even when you transfer your BTC to a non-custodial wallet, you can't consider that you can relax and be sure that nothing bad can happen. Any person who is not aware of the dangers and risks can become a victim of clipboard malware, fake wallet updates or sophisticated phishing, along with countless other dangers that are found online.

[Mpamaegbu]

I've seen over one dozen websites believing that BTC will skyrocket in the upcoming years.

But of course, those sites making FOMO of Bitcoin; no doubt, would be making such declaration having looked at or followed Bitcoin precedence for years. It's true and everyone who's into Bitcoin will tell you that the market is expectant of a bull rally in a few months to come.

Any thoughts on this strategy?

Buy all you want to now that price is fairly cheap but don't leave it on Coinbase. Move whatever you've bought to a private wallet, except you're buying to trade. If you're buying to hodl, move it out once you buy. Centralized exchanges aren't a good place to store coins because you don't have the private key to your coin if you leave it on an exchange.

[Merit.s]

As a newbie who wants to invest,you should only use coinbase to buy your btc and transfer it into your noncustodial wallet. Before buying your bitcoin make sure that you have created your noncustodial wallet. Don't leave your coins in coinbase because it is not safe. You can download an electrum wallet and use that for a start as a newbie because it is easy to understand. Holding for long is the best strategy that will enable you have a good profit if you can. We are still expecting to see bitcoin price pump higher because they halving is close at hand.

[lovesmayfamilis]

Buying is the surest move a newbie can make. But in order to buy, you also need knowledge, namely, in which wallet you will store your bitcoins, whether you know how to properly store your seed phrase, and whether you have the necessary patience not to sell at the moment when the market will fall.
However, for beginners, there is a great opportunity to learn and, at the same time, get practice by regularly investing some funds in Bitcoins. Don't be fooled by stories of quick profits from altcoins; after gaining some experience, you will see that only Bitcoins can be trusted.

[michellee]

The right strategy is to use the DCA strategy to prepare to have a lot of Bitcoin. This strategy has been done by many people, especially those who don't have a lot of money or can't buy large amounts of Bitcoin at once.

We here also always recommend using DCA for people or investors who want to join Bitcoin, which has been going on for a long time. But not many can really succeed in getting big profits because after owning Bitcoin, they must have strong hands to hold it until its price goes up.

And you can buy Bitcoins, leave them as you like, and not bother watching the market. This will make it easier for you to hold Bitcoin because you won't see the price go up and down and buy according to the schedule you make.

[waONE]

Buying is the surest move a newbie can make. But in order to buy, you also need knowledge, namely, in which wallet you will store your bitcoins, whether you know how to properly store your seed phrase, and whether you have the necessary patience not to sell at the moment when the market will fall.
However, for beginners, there is a great opportunity to learn and, at the same time, get practice by regularly investing some funds in Bitcoins. Don't be fooled by stories of quick profits from altcoins; after gaining some experience, you will see that only Bitcoins can be trusted.

These things are certainly part of knowledge which is usually not noticed,
it's also important to know about it,
what is clear is that beginners have a lot to learn and it is better to focus on that than chasing profits.

[MFahad]

This strategy is very successful and I think everyone will prefer this strategy. You should know and identify the timing of holding because timing for holding matters a lot.

Try to save your bitcoin in your wallet and make sure that it is secure. Bitcoin will soon rise and will enhance in price but some people buy bitcoin and never wait properly for the accurate timing so patience is also require for benefit just buying is not necessary.

Buying bitcoin this time is profitable so when next year halving occur you will take your profit easily but if unfortunately it does not occur then you have to wait more for some years as getting profit needs years.

[abel1337]

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's true. In fact, I believe that majority of the forum members here believes that bitcoin sill skyrocket in the upcomming years. Even me, I believe that bitcoin will bloom into a value that we have never seen before. Though people do trading and investing into other tokens because the possible profit they can get from those is much larger if they buy and hold bitcoin until the bull market. People are trying to utilize their funds in order to grow it and make big profits from it. You can still make profit on bitcoin but investing on altcoins can possibly make your profit tenfolds. Although, the risk is much higher compared in holding bitcoin.

[bitzizzix]

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?

To invest in bitcoin, the method is very easy, even easier than investing in other assets. It is not only easy but also safe to store your purchased bitcoins in a private wallet where only you know the private key, and don't leave your bitcoins on exchanges as it is dangerous.
how to buy bitcoin at a low price and hold it for the long term is the best choice and also very profitable, and also your DCA strategy is to only make purchases periodically or at the time you have set and the goal is the same for the long term. And that second way is the best way as long as you do it for bitcoin in the long term and it will definitely give you very good returns, as long as you have to be patient and believe that the bitcoin price will skyrocket.

[Plaguedeath]

Because many people are still greedy and hope they will earn high short term profit using shitcoins.

Well if you don't mind with KYC, you could use Coinbase to buy and sell your coins, but sometime this exchange is suck and stricter than other exchanges.

You must hold your coins on a cold storage since you're looking for long term investment, you can use Trezor or Bitbox, those are good hardware wallets. Holding your coins in a centralized exchange is a worst decision.

[Mame89]

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 most appropriate strategy to buy Bitcoin is to use DCA, Which you say is not wrong, in fact more than a dozen websites believe bitcoin will skyrocket in the coming year. Advice for those of you who do buy bitcoin for the long term, it would be wise not to save bitcoin on an exchange later for fear of unwanted things happening like Coinbase, Binance and others. because if you do not fully control the exchange. it's better to save in a soft wallet that uses the key phrase, even better in a hard wallet.

Apart from that, you need to avoid if you want to hold bitcoin in the medium term, when bitcoin is profitable but not sold and hopes to go up but bitcoin keeps falling so profits are lost. Here it is important to stay away from greed, learn to be grateful for the advantages that already exist.

[irhact]

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?

Many investors believe since altcoins has lesser price value than Bitcoin that it'll be better to buy altcoins and make money profits than buying Bitcoin. But they fail to make their research as if they have research properly they'll find out that although altcoins gives more profits but they don't last in the market. Ignore all the altcoins topping coinmarketcap, excluding stablecoin many of them won't be in those positions after next bull market.

Only Bitcoin can be in the list and maybe Ethereum as well but the rest has a high possibility of not making the list and that's because they'll stop getting hyped and investors will move on to the newest thing also some might collapse as other altcoins has done so in the past.