Invest in bitcoin and forget the investment

[ajiz138]

And what is the high price, when will you stop buying Bitcoin? This is a fairly important question that can ultimately determine the profit you can make.

Will continue to make purchases before reaching the previous ATH price, Yes this is a commitment using the DCA method, to make a profit I will sell some to gain a profit and not sell everything straight away.

You say that you can buy even up to a price of 50k, but I don’t think that this is a good idea, since this can greatly affect your price and in the end it will give you the opportunity to make a small profit, if for example you sell at a price of 100k and it will give you only x2, or a little more, then this will not be the best result that can be obtained from an investment in Bitcoin.

Why isn't it a good idea to buy at $50K? I think it's still a good idea as long as the price hasn't touched ATH, even if you get a small profit, for example 2x, then that's good enough, right? Here I refer to DCA so the price of $50K is not the full purchase at one point but rather the average price ($20K - $50K).
We'll never know if that was the $100K high? What if the price exceeds that, of course the profit will not be 2x or even above it.

You need to try to buy as much as possible now if you haven’t bought before, because from the current price to 100k, you will make a much larger profit.

Having done it long ago with bitcoin purchases, here I am looking forward to $100K in the future.

[serjent05]

I would not recommend to forget any kind of investment.  This is one of the reason why many people missed out on profit in altcoin.  Although Bitcoin is believed to be ever rallying even with dips, it still ends up breaking its ATH, forgetting our Bitcoin investment may make us not to remember it.  Instead, we should be firm with our beliefs and keep on holding while we keep ourselves updated on current events.  We never know what the future of Bitcoin is, so the possibility of the Bitcoin market crashing and never recovering may happen.  If this happens we will end up missing the opportunity to sell at a profit.

[YUriy1991]

I would not recommend to forget any kind of investment.  This is one of the reason why many people missed out on profit in altcoin.  Although Bitcoin is believed to be ever rallying even with dips, it still ends up breaking its ATH, forgetting our Bitcoin investment may make us not to remember it.  Instead, we should be firm with our beliefs and keep on holding while we keep ourselves updated on current events.  We never know what the future of Bitcoin is, so the possibility of the Bitcoin market crashing and never recovering may happen.  If this happens we will end up missing the opportunity to sell at a profit.

It's true and not wrong, many people lose funds if they invest other than BTC, especially if the price goes down. What is generally seen is that if we are in the uncomfortable position of having to sell during a decline, the potential for losing money is quite obvious. If we are patient, perhaps another option is to hold on and hope the price rises again while risking higher losses if the price continues to fall.

It cannot be denied, anything can happen in the market and this digital financial system has served us well, but I think the time is not yet for BTC. Regarding the consideration of a crash, caution must be taken but, if we look now the bigger economic behavior is currently in Bitcoin and many large trading companies are coming to the table with their money to invest in BTC. I personally think BTC is still very promising.

[AbuBhakar]

I would not recommend to forget any kind of investment.  This is one of the reason why many people missed out on profit in altcoin. 

I believe the idea here is to avoid early and have a target take profit on a certain period of time. I understand the your logic since I experienced this miss profit when Bitcoin initially reach during 2017 but I still hold on until I manage to take profit on 2021 profit which is x3 of the ATH of 2017 that gives me more profit compared if I take profit during 2016 since there’s no guarantee that I will still buy back using my profit.

The problem on trading is fear of missing out or afraid to buy at all thinking that price will dip more. I believe holding on long term is really the best strategy but not to the point of forgetting it just to not touch it. Maybe once a month or yearly check is good just to make sure asset is still safe on wallet.

[coinerer]

I agree with your estimates regarding the potential price of Bitcoin (although I'm probably on the lower side of hundreds of thousands, something like $100k-$200k) and about the timing (I expect it to be somewhat earlier, but the beginning of 2025 makes sense to me). An idea to invest and forget isn't bad, unless a person is very uncertain about Bitcoin and believes that there's a good chance Bitcoin won't recover in the foreseeable future (let's say, over the next 10 years). It's not impossible, so it should be taken into account. And it's also important that while forgetting about the investment, we must not forget where it's being stored and how to access that wallet. I think some early adopters invested in Bitcoin and forgot, but then unfortunately couldn't make use of it because of not having access to the funds.

If I tell my personal story, when I invest in Bitcoin, I see several times a day how much it goes down or up. I immediately panicked because of this. However, it may be a good idea to invest and forget, but it is doubtful for whom it will be feasible. Because I can't control myself for it. I have reported it several times. But if someone is able to do this then it will be a great experience for him because when the price of Bitcoin goes $100-200k he will get a big surprise and a huge profit.

[bitzizzix]

There is nothing wrong with this suggestion, it is good enough to motivate them, but I would like to ask if everyone can afford to buy bitcoin at once at $27K now? If they use the DCA strategy then it will be done along the way and not buy at $27K even up to $50K when it must be bought because of DCA, what about their journey will it be smooth? Not that easy even though I also always advise them to HODL bitcoin until the bullrun.

$100K is a realistic prediction, sometimes many investors sell midway because they have made a profit even though they are not at the $100K target, that is their choice but again it requires a lot of mentality and strong understanding, I myself feel strong enough even though I will continue to do DCA until the price is high.

And what is the high price, when will you stop buying Bitcoin? This is a fairly important question that can ultimately determine the profit you can make.

You say that you can buy even up to a price of 50k, but I don’t think that this is a good idea, since this can greatly affect your price and in the end it will give you the opportunity to make a small profit, if for example you sell at a price of 100k and it will give you only x2, or a little more, then this will not be the best result that can be obtained from an investment in Bitcoin.

You need to try to buy as much as possible now if you haven’t bought before, because from the current price to 100k, you will make a much larger profit.

That's right, using the DCA strategy doesn't mean you will continue to buy it whatever the price, especially when the price has risen too high. Carrying out DCA there should be a target where you should stop buying, and only take advantage of significant dips to make purchases when the price is too high and stop buying periodically.
In my opinion, the DCA I do is buying periodically when the Bitcoin price is still below 50% of the previous ATH, and increasing purchases when there is a significant decline. And normalized periodic purchases when the price of Bitcoin was going up, and continued like that until I stopped doing it which I thought was the right time. And only buy at top prices when there is a significant dip as this will inevitably happen which will eventually come back up, and Hodl in the long run.

Investing in Bitcoin and forgetting about it is just a cliche in my opinion, because we are not in a time where there are doubts about Bitcoin at that time. And currently Bitcoin is so popular that I think we will hear or see news or reports about the development of Bitcoin that will tempt us to see and be tempted by the increasing profits.

[lombok]

I would not recommend to forget any kind of investment.  This is one of the reason why many people missed out on profit in altcoin.  Although Bitcoin is believed to be ever rallying even with dips, it still ends up breaking its ATH, forgetting our Bitcoin investment may make us not to remember it.  Instead, we should be firm with our beliefs and keep on holding while we keep ourselves updated on current events.  We never know what the future of Bitcoin is, so the possibility of the Bitcoin market crashing and never recovering may happen.  If this happens we will end up missing the opportunity to sell at a profit.

Makes sense. Of course, this is very dangerous if we completely forget about our investment without following the information and Bitcoin price movements while waiting for the bull run market. It would be fatal if at any time Bitcoin or altcoin encountered problems that caused the price to drop to nothing, I don't mean to do FUD but rationally this could happen, I put my money in Bitcoin and I'm also wary of that, that's why I carry out hodl by continuing to follow Bitcoin information and developments. At least we are ready to take the first step in securing investment.

[traderethereum]

If I tell my personal story, when I invest in Bitcoin, I see several times a day how much it goes down or up. I immediately panicked because of this. However, it may be a good idea to invest and forget, but it is doubtful for whom it will be feasible. Because I can't control myself for it. I have reported it several times. But if someone is able to do this then it will be a great experience for him because when the price of Bitcoin goes $100-200k he will get a big surprise and a huge profit.

That doesn't mean investing and forgetting about it, but investing and saving and doing other things so that we don't panic when checking the price of bitcoin, which keeps changing every minute.
That's what I've been trying to do so that I'm not affected by the rise and fall of Bitcoin prices and can be calm when investing.
But there are times when I can't control my feelings when I see the price dropping too far and when that happens, I choose to calm myself down and leave my phone at home so I don't check the price too often.
But if someone chooses to invest and forget about it, they must really be able to store bitcoins.
Otherwise, they will lose their bitcoins, especially if they cannot properly store everything related to their wallet.

[Aikidoka]

I would not recommend to forget any kind of investment.  This is one of the reason why many people missed out on profit in altcoin.  Although Bitcoin is believed to be ever rallying even with dips, it still ends up breaking its ATH, forgetting our Bitcoin investment may make us not to remember it.  Instead, we should be firm with our beliefs and keep on holding while we keep ourselves updated on current events.  We never know what the future of Bitcoin is, so the possibility of the Bitcoin market crashing and never recovering may happen.  If this happens we will end up missing the opportunity to sell at a profit.

Investing in altcoins could be really good for the short term. However, if you're looking to invest for the long term with the potential for higher profits, the right thing to do is to invest in Bitcoin and just wait. I believe that Bitcoin's price will increase a lot in the future and reach a new ATH in the next few years, probably 1-2 years after the halving. I do recommend investing in both, for the long term when it comes to Bitcoin and for the short term when it comes to investing in altcoins.

[Asuspawer09]

Bitcoin investment, this is the opportunity for someone who wants to invest in bitcoin to invest in bitcoin without looking back, because anyone that invest in bitcoin now will make a profit during bullrun, the price of bitcoin is fluctuating and it does want to up since the price has being to twenty six thousand [26] is over one month or less than one month the price is being unrotational for price, I think that any one that plan to become a billionaire in bitcoin this is the opportunity to invest in bitcoin against next bullrun.

The way I'm looking at next bullrun am thinking that the bullrun will be something that will push bitcoin price  to approach hundreds thousands [100] for the price, but people will not invest now. I split my funds currently to different of coins expecting that if I don't make profit in any of the coins when bullrun comes I will surely make profit in bitcoin because bitcoin price now is no longer going downward or going upwards, but any move the price will make to go up the price will increase, I'm expecting the price of bitcoin to rise in 2025 and 2026 so any investment in bitcoin  should be expected till next two years or three years time. Summary, invest in bitcoin and forget about the investment and hope that you will make profit after some years coming.

I mean for sure it is probably an effective strategy if you're just going to forget about your Bitcoin because probably the market price is just going to increase when it already Bullrun and the easiest way to hold your Bitcoin is just to forget about it so that the price is going to increase over time. But I guess it is just easy to say, if you can actually do that it's going to be a good strategy but it wasn't really easy since when the market drop there are always fear, and most of the investors are getting FUD, and ended up selling their Bitcoin at a wrong market price.

Still the best thing I guess is just to DCA since if you can really buy Bitcoin at big volume since it's going to be expensive, Bitcoin is still a very risky kind of investment even though we said and believed this kind of things that probably it is going to happen or we are going to make a good profit when the Bullrun comes as long as we hold our Bitcoin. It is still not a guaranteed investment because the market price is just determined by a lot of factors and one of it is just supply and demand, and there was really no proof or anything since it's a digital currency it doesnt have any tangible assets like gold. So in the end all of it are just speculation it wasn't guaranteed that it is going to happened, we dont really know if Bullrun is still going to happened.

[uneng]

I'm expecting the price of bitcoin to rise in 2025 and 2026 so any investment in bitcoin  should be expected till next two years or three years time. Summary, invest in bitcoin and forget about the investment and hope that you will make profit after some years coming.

Halving is going to happen in 2024, next year, what is likely to trigger a new bullish run in crypto market from that moment on, although there are chances the effect may happen only a while after the halving event, so you are right when you predict BTC to rise in 2025 and 2026, because some delays are also expected by many specialists and speculators in general. The important is to be ready when the moment comes by storing your coins in a safe wallet under your total control. This way you prevent negative surprises when the market starts getting bullish again, as in times like that it's possible many platforms get greedy and attempt to steal users' funds deposited on them...

[Vaskiy]

Many have suggested not to forget about the investment on different cryptocurrencies. To my understanding it is always good to invest with bitcoin, as it have got good growth record. Further you should remember the credentials, and you shouldn't have the tendency to keep on watching the price when your plan is long term holding.

To all my friends who ask for suggestions on cryptocurrency investment, I suggest what one can afford to loss. When one follow this, people enjoy profit and if things didn't go well as predicted the same doesn't affect their living.

[Casdinyard]

While that is a welcome prediction, I don’t think the next bullrun will push us to 100k heights. First off, there’s no good reason to. Bitcoin in the past were able to increase in value thanks to hype that it created or it rode in. ICOs, DeFi, etc. these are what drove bitcoin to new ATH valuations in the past, not just cause it’s “hip”or whatever.

Plus it’s not a good investment advice to forget that you have assets in holding lol. That only works when you’re ina Drama series, in real life that would always equate to you getting liquidated and your whole investment portfolio getting burned down without you even knowing.

[savetheFORUM]

Bitcoin investment, this is the opportunity for someone who wants to invest in bitcoin to invest in bitcoin without looking back, because anyone that invest in bitcoin now will make a profit during bullrun

You are right, the price is pretty low at the moment and if we witness the bull run in the next couple of years, investors of today's market will get pretty good profits.

I think that any one that plan to become a billionaire in bitcoin this is the opportunity to invest in bitcoin against next bullrun.

Well, that doesn't sound realistic at all. Considering the potential growth percentage of Bitcoin, you can't really become a billionaire unless you are spending more than $250m which then might turn into $1b if Bitcoin goes up about 4x.

The way I'm looking at next bullrun am thinking that the bullrun will be something that will push bitcoin price  to approach hundreds thousands [100] for the price

Even if it reaches $100k, that won't really make the investors billionaires unless they have invested huge amounts of money in it.

I will surely make profit in bitcoin because bitcoin price now is no longer going downward or going upwards, but any move the price will make to go up the price will increase

You can't be sure, even though the market is quite stable at the moment, there is no guarantee that it will go up from this point onward, it might go down as well any time.

[Vaculin]

Yes. Invest in bitcoin and don’t monitor it more often, or better yet forget about it so you won’t be pressure of its price fluctuations. Most of the time, if you are too greedy for your profits, you tend to check your investment most often and when the price suddenly drops, you become emotionally bothered. When that happens, you turn into panic selling so you won’t lose more. If this what you do, then you are not investing for profits but definitely investing and make you the losing end. Invest in long term because that’s the only way your desired goal will be achieved.

[oktana]

This topic should really be dedicated for newbies. Many of them think Bitcoin is a get-rich-quick scheme, they are probably triggered by news of how people dollars are turning to million dollars so they think it’s always that way and always swift. If you’re buying some other crypto, you may need to keep an eye on the charts just Incase the project dies but when it comes to bitcoin, invest and take your mind off it. If it’s too hard to not check, then find a distraction. Bitcoin doesn’t need all that panic/anxiety. NOTE: I’m assuming this assuming you are investing with spare money (that’s what you’re meant to do after all).

[BigBos]

Even though what you said is true, I don't really agree with saying forget about the investments we make because to achieve maximum results we certainly have to try again and again, especially if the capital we have is minimal in every month or every week, therefore there are several strategies such as DCA or buying when there is momentum such as bitcoin crashing is also important.
Investing in bitcoin buy, wait and forget a few years it would be good but it would be even better if buying again and again when we have more money and holding until the target we want is reached it is much more worth it.

[Xampeuu]

Even though what you said is true, I don't really agree with saying forget about the investments we make because to achieve maximum results we certainly have to try again and again, especially if the capital we have is minimal in every month or every week, therefore there are several strategies such as DCA or buying when there is momentum such as bitcoin crashing is also important.
Investing in bitcoin buy, wait and forget a few years it would be good but it would be even better if buying again and again when we have more money and holding until the target we want is reached it is much more worth it.

Indeed, for profit maximization it is less effective to buy and forget about such an investment method, but for those who do not have a strong psychology and have long-term investment goals, I think this method has advantages too, so we remain focused on initial goal. Until now, there are many people who often look at the market, which shakes their psychology so that they take actions that are not in accordance with their initial goals for long-term investment, and ultimately destroy all the strategies that have been prepared previously.

[jasonjm]

Buy and Hold is a viable strategy that most investors follow. I am of the opinion that it is wise to invest in Bitcoin and hold it for at least ten years if you actually want to be a millionaire. Bitcoin is a long-term investment. Invest in Bitcoin whenever you have the chance.
At the moment, when the price is down, most investors are fearful and not willing to invest in Bitcoin, but if the price increases, they will all come looking for huge profits, but most of them will fail to do so because the price will be very volatile and could result in panic selling. 

[kro55]

Buy and Hold is a viable strategy that most investors follow. I am of the opinion that it is wise to invest in Bitcoin and hold it for at least ten years if you actually want to be a millionaire. Bitcoin is a long-term investment. Invest in Bitcoin whenever you have the chance.
At the moment, when the price is down, most investors are fearful and not willing to invest in Bitcoin, but if the price increases, they will all come looking for huge profits, but most of them will fail to do so because the price will be very volatile and could result in panic selling. 

Even if you hold it for 20 or 30 years, it won't make you a millionaire. It also depends on the amount of capital you invest in bitcoin, you cannot expect you to just invest a few thousand dollars in bitcoin and believe that it will make you a millionaire in 10 years. Yes, bitcoin is an investment that will yield good results if held for the long term but there is no guarantee of that so don't assert anything about the future. When talking about investing, not just bitcoin but with any investment, always think about risk rather than just thinking about profit.