Why Not Just Buy BTC?

[SamReomo]

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?

Those dozen of websites are saying the truth as we all expect and know that Bitcoin will skyrocket in coming years, and anyone who has been into Bitcoin and crypto-market believes in that theory. The Bitcoin has the potential and regular userbase to grow very high in value, and many of the current investors believe that Bitcoin will have a huge spike after the coming halving event.

Although, I haven't personally used Coinbase for purchasing of Bitcoin, but I can still say that the platform is legit and you can trust the platform for purchasing of Bitcoin. However, I must warn you that it wont be a good thing to let your Bitcoin stay in their wallet which isn't a safe option. If you purchase Bitcoin from them, then you should also learn that how to create your own personal cold Bitcoin wallet, and you should also learn quite enough details about personal wallets, and once you have enough knowledge, then you should withdraw your Bitcoin in your own personal wallet.

I would never recommend you to hold your Bitcoin in an exchange if you're not basically a day trader or scalper, because if you leave your investment on a platform even if your main purpose is holding then you should most probably create your own wallet instead of that. There isn't any single strategy, and you should built up your own strategy to buy and hold the Bitcoin.

[kamvreto]

Buying bitcoin is a great idea. You don't have to worry about looking for some "promising" altcoins that may not bring anything in the end, you just buy bitcoin and wait for the bull market. I don't know about the whole market, but I'm confident in bitcoin, it will be a reliable investment that will bring profit. Now bitcoin looks good, but pay attention that it has been growing since the beginning of the year, take this into account, after such growth a correction may follow, remember this and do not deviate from your original strategy.

But the problem with that is you are limiting yourself for the opportunities available in the market. But if you can't afford to have this because you can't trust the altcoins in the market then this is fine being bitcoin maximalist can save you up from many stress that can bring up by some altcoins.
Bitcoin still has a big potential but you need to wait for maybe more longer times before you can see a great changes unto your holdings because bitcoin is meant to be a long term investment if you want to see some great results.

Being a bitcoin maximalist is such an easy thing to do. You literally do nothing, you buy bitcoin when you have the money for it, and you do absolutely nothing else at all. I love that about it and I can't wait to keep using it for as long as possible. I know that it is not going to be an easy task but as long as it stays like that we should be feeling alright about it.

People will end up being a bit sad to see how simple it was to get rich and they missed their chances in the future, but I personally believe that I will be glad to follow this pat. I love it and I will continue to love it and I do not have anything remotely close to anything this simple to be rich in the future, this is by far the simplest one for sure.

is it really that easy? for those who panic too much and can't hold on long term it will be difficult to do so when the price of Bitcoin continues to fall. quite simple, buy and hold until you get a lot of profit in the end. It looks simple but in practice it is very difficult. Not everyone can do that. The capital used also needs to be considered whether the capital is used for other things or is it really not needed for anything. Getting rich by holding Bitcoin long term looks very easy and simple, but the implementation is quite difficult due to many factors.

[Oilacris]

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?

Theres nothing wrong with that but i would really be liking to make some add up if you are really that going for long term, you should consider this out.

Coinbase (Buy BTC)
Transfer in Electrum( be sure on saving your private keys)
HODLLLLLL!!!

Always be considerate about the risks factor on making CEX to be your long term wallet. We know that primary rule here on this space in regarding wallets
that non-custodial ones would really be the best choice. You wouldn't really be losing your assets if you do just know on how to keep those PK away on
others awareness or attention. Buy BTC and accumulate as much as you could before bull run happens and there's still some time for us to do
so.

[Strongkored]

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?

You are right to buy Bitcoins over Altcoins but the next step you should take when you want to hold them for the long term is to save them in a non custodial wallet, a wallet that you have access to the Private Key because it is an important key in holding Bitcoins, put them in Coinbase as well as let them have control over your Bitcoin so it's really risky for you to lose those assets it's very possible either because Coinbase is hacked or your account is also hacked.
Another thing that you should also pay attention to is that news about Bitcoin not only says about prices that will go up high but also vice versa if you start investing in Bitcoin because you believe in news that the price of BTC will continue to rise, it is very possible for you to lose confidence when there is bad news circulating, so it's better to learn about the fundamentals of Bitcoin so that the decision you make is not based on the news but the results of your own research.

[Peanutswar]

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

It's a good that you accumulate as possible, but did you use a safe wallet? Coinbase is an exchange only and a platform for exchanging your coins to the crypto do you want but at the end, even if you have your own bitcoin (that you think) at the end its, not yours. It will only become yours once you transfer into a wallet that has a keys that the owner is only you.

Always be considerate about the risks factor on making CEX to be your long term wallet. We know that primary rule here on this space in regarding wallets
that non-custodial ones would really be the best choice. You wouldn't really be losing your assets if you do just know on how to keep those PK away on
others awareness or attention. Buy BTC and accumulate as much as you could before bull run happens and there's still some time for us to do
so.

Currently we are waiting for the next halving which is the 2024 people accumulate as possible as they can and this is the ride that you will never need to skip this could be a life changer in profit or not, no one knows but the bitcoin already doing its history already.

[Huppercase]

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 answer is simple as this, BTC is not as profitable the way altcoins are, when you invest in BTC, the highest profit you can get that will no exceed 1x, but altcoins that have low market cap can do 10x, 20x, 30x and this is why you see lot of people still buy altcoin and when it comes to trading too, altcoins-USD is more profitable than BTC-USD but altcoins have high risk, if anything goes wrong with altcoins, you will regret buying them. My little advice for you is that if you buy BTC on coinbase, withdraw it to an external wallet, don't leave your coin in coinbase exchange because if anything goes wrong, you will lose acess to your BTC.

[Fuso.hp]

Everyone has been talking about Bitcoin since a long time ago, there is a possibility that the price of Bitcoin will increase a lot between mid-2023 and early 2024. Now I have a real match with their ideas. For quite some time now, I have seen the price of Bitcoin only increase. At the moment, the price of Bitcoin exceeds 31 thousand dollars. If the price of Bitcoin continues to increase like this then the price of Bitcoin will be close to $50K very soon. Now it remains to be seen how long the market will continue in this upward trend. If the market can create a good support at $31K, there is a good chance of the market going higher.  Looking at the market movements, it looks like Bitcoin will move to a better position later this year.

[Inwestour]

The answer is simple as this, BTC is not as profitable the way altcoins are, when you invest in BTC, the highest profit you can get that will no exceed 1x, but altcoins that have low market cap can do 10x, 20x, 30x and this is why you see lot of people still buy altcoin and when it comes to trading too, altcoins-USD is more profitable than BTC-USD but altcoins have high risk, if anything goes wrong with altcoins, you will regret buying them. My little advice for you is that if you buy BTC on coinbase, withdraw it to an external wallet, don't leave your coin in coinbase exchange because if anything goes wrong, you will lose acess to your BTC.

Bitcoin will not exceed x1? Did you mean x10?
But in any case, it will be a reliable investment, for which you will have to worry much less than for altcoins, because of which you can lose your investment. Also, you can't be sure if an altcoin will give you x10 or x20, it can also only do x2, or not grow at all, if it were that easy, everyone could buy altcoins now and become rich in the future, but it doesn't work like that.

[lixer]

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?

You are thinking of doing a good thing, one suggestion from he would be that make sure you do DCA (Dollar Cost Average) which means that you buy in portions and not all at once, for example, you have $2k as your capital, you buy $100 worth of Bitcoin today, and then you wait until the price drops a bit more and then you do the same thing again, and you continue doing that for every single interval of Bitcoin's price drops until it reaches the bottom or you invest everything.

This way, you will have a good buying price and you won't miss any spot even if the price starts going up after some point. Also, make sure that you keep your Bitcoins somewhere out of the exchange you are using for the purchases if you are planning to hold them for long so that they stay safe.

[KingsDen]

Everyone has been talking about Bitcoin since a long time ago, there is a possibility that the price of Bitcoin will increase a lot between mid-2023 and early 2024. Now I have a real match with their ideas. For quite some time now, I have seen the price of Bitcoin only increase. At the moment, the price of Bitcoin exceeds 31 thousand dollars. If the price of Bitcoin continues to increase like this then the price of Bitcoin will be close to $50K very soon. Now it remains to be seen how long the market will continue in this upward trend. If the market can create a good support at $31K, there is a good chance of the market going higher.  Looking at the market movements, it looks like Bitcoin will move to a better position later this year.

There is no doubt that bitcoin has made some good movements since this year. In as much as we do not count bitcoin movement from 15k to 30k as a major bull run, I feel that bitcoin has counted it so.
It therefore means that we should expect bitcoin at the zone of 20k again in order to gather the momentum to pump during the halving pump.
It is fine to wait if you want to buy at once, but if you are disciplined enough, you can continue buying with the DCA method.

[o48o]

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 most profitable way for most people. As not everyone can or should trade and trading bitcoin is hard even for experienced people. Only few people can make a living out of it, others are just playing and trying. To most people it's similar to gambling. You might get it right but if you trade with a leverage you also might lose it all.

Not to mention you have (at least in here) mark every trade for your taxes and that's a hassle i wouldn't want.

[jrrsparkles]

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?

1 BTC = $1M for sure but we don't know when it will happen so if your strategy is to hold until that price comes up then it's a known strategy called HODLing which is more of an investor has nothing to do with trading. But keep in mind that once you bought it fron coinbase move the Bitcoin to Electrum or any open source non custodial wallet which will gives you the seeds and private keys so you can access your funds anywhere with no restrictions

[Slow death]

From what I can see OP you are saying you want to buy bitcoin and keep it in coinbase. if this is really your intention then without a doubt it would not be a good idea to leave bitcoin stored for a long time on an exchange even if we are talking about a reliable exchange with a good reputation, the problem with that is that one day the exchange may ask you for a lot of documents for kyc and you don't have such documents and with that your bitcoins will be stuck on the exchange forever, you can avoid this by doing what most people recommend

which is the following, buy and send your bitcoins to a secure wallet and that you have your private keys well kept and with that you are safer that your coins are well kept, but if you want to day trade then you will have to use another strategy that consists of leaving only the value for day trade, it has to be money that you can afford to lose that you won't miss. I hope that with this you understand both things and that you see that in both cases you shouldn't trust exchanges

[jeraldskie11]

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?

There's nothing wrong if you buy Bitcoin today because I believe in the future you are going to be profitable. Some people just waited for a right time to invest Bitcoin because they think that the best time to buy is year 2024. Well for me, since I relying on my analysis in Bitcoin technically, this is the best time to invest in Bitcoin because it's very cheap. Base on my analysis, market was already bullish but there's just no enough investors to result an impulsive movements in the upside and that's why people thinking it's still bearish.

[DoublerHunter]

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?

There's nothing wrong if you buy Bitcoin today because I believe in the future you are going to be profitable. Some people just waited for a right time to invest Bitcoin because they think that the best time to buy is year 2024. Well for me, since I relying on my analysis in Bitcoin technically, this is the best time to invest in Bitcoin because it's very cheap. Base on my analysis, market was already bullish but there's just no enough investors to result an impulsive movements in the upside and that's why people thinking it's still bearish.

^There should be faith before investing in BTC and if you believe that BTC price will increase because for me, anytime is the perfect time to buy BTC, and as long as you did not sell it under the price from your purchase, considering that is the best for you. Because BTC has been proven that there will be a bullish trend and we are lucky if the ATH will come because it will surely have a reward.
Look at the BTC, it has seen increased adoption over the years, with more businesses accepting it as a form of payment and financial institutions offering BTC-related services. The development of infrastructure around BTC, such as cryptocurrency exchanges and custodial services, has also improved, making it easier for individuals to buy, sell, and store BTC.

[jossiel]

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?

It's not good to leave what you've bought there.

You need to withdraw it and then find a good wallet to store it. If you don't own any wallet yet like a hardware wallet, you can put that bitcoin in Electrum.

But if your intention is to day trade then that settles it and you really have to leave it there. You only need to remember that only keep what you can afford to lose there.

[Obari]

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?

Do you need any thought in this when your tittle already says it all? Stop think and start buying mate, everyone and since you're  already thinking about buying bitcoin,  it shows that you also believe  that the price will skyrocket but the issue and challenge is that nobody knows when and that's why you need to stop thinking  and start acting and go buy your bitcoin  and since you mentioned coinbase, it is a nice platform and you can still try trustwallet if you can keep your seedprase or pass key safe.
Before you think or consider buying bitcoin, I will advice  that you get yourself equipped with the basic knowledge  about bitcoin.

[SaveOurSea]

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?

There's nothing wrong if you buy Bitcoin today because I believe in the future you are going to be profitable. Some people just waited for a right time to invest Bitcoin because they think that the best time to buy is year 2024. Well for me, since I relying on my analysis in Bitcoin technically, this is the best time to invest in Bitcoin because it's very cheap. Base on my analysis, market was already bullish but there's just no enough investors to result an impulsive movements in the upside and that's why people thinking it's still bearish.

It's true that it's better to take advantage of this time to buy, especially since the price of Bitcoin is currently relatively cheap,
if we have to wait again it's not impossible we lose the moment and in the end regret it,
regardless of your analysis is correct or not I think bullish has not come.

[$crypto$]

Buying Bitcoin and just hold it is really a good strategy but holding it on a centralized exchange after you purchased without moving it on a non-custodial wallet is a bad strategy because centralized exchange can close their service anytime while your balance is trap inside the exchange. You are lucky if you can recover part of your assets but most cases user lost their holdings once the exchange assets is not sufficient anymore to distribute to users.

Purchase Bitcoin and Hodl it on hardware wallet for long term is the best strategy for everyone in Bitcoin.

There is nothing better than storing assets on an exchange, of course we don't know the worst case scenario where an exchange can go bankrupt at any time just like the case of FTX which is a large exchange that ended up being a scam, while customer assets cannot be withdrawn for a reason they cannot liquidate their ownership.

Buying bitcoin and then moving it to a non-custodial wallet is the best way to store long term, we will not worry about our assets being held because we ourselves hold the private keys, I think with a hot wallet or other hardware it is the best way to store assets.

[|MINER|]

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