help me not to leave btc

[Trawda]

You seem to know a lot about Bitcoin and cryptocurrencies for a 19 year old!
Anyway, don't worry as long as you ask, "How should I plan my DCA strategy?" This means that you know very well what to do.

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[Ale88]

I'm a 19-year-old boy living in South Korea and now btt, doge, shiba inu, etc.. have skyrocketed in just a few hours on our country exchange 'upbit'. A little fomo is coming. I can't believe it's gone up more than a months I've invested in bitcoin. I personally don't want to invest in other coins, as I think bitcoin is superior.
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?

At the end is all about the amount of money that you can afford to risk and, eventually, lose. Bitcoin has a big capitalization so it requires a lot of fresh money to go up while altcoins, on the other hand, having way smaller capitalizations (excluding the main ones) are easier to move. The problem is that you have no way to know if someone with huge quantities is going to dump them all together, and the price will go down a lot. If you want to take a small risk on the altcoins anyway this could be a good timing, there is a good possibility for an incoming alt season. Just don't forget that the main goal at the end is to have bitcoin.

[oktana]

Planning your DCA strategy is simple and straightforward. First you have to decide how frequently, second, you’ll decide the amount you want to be investing, and lastly you’ll decide the duration of this investment plan. These three steps will help you create your strategy by yourself and you’ll be able to select what fits you maybe based on your job type or your investment goal. Also, don’t let FOMO drive you into investment. Do it because you see something in what you’re investing.

It is very simple to collect Bitcoin using the DCA method, but if we don't have a fixed income we have to be able to work hard to be able to buy Bitcoin using the DCA method and for those who have a fixed income I think this will be easier, if we can collecting them consistently, I think we will easily achieve the investment goals we have set.

It’s not easy for anyone, I think. Sometimes we think it’s about who is earning the most but that isn’t true. You could be earning a lot of money but you have responsibilities with 2 times the size of your income. I think it’s all about sacrifice. Even those who earn a lot, you never can tell what they cut off just to make that investment and stick to it. So, even if you don’t have a fixed income, it’s possible and it’ll show because you’ll make attempts.

[Winterfrost]

You seem to know a lot about Bitcoin and cryptocurrencies for a 19 year old!
Anyway, don't worry as long as you ask, "How should I plan my DCA strategy?" This means that you know very well what to do.

Are you surprised he knows about Bitcoin for a 19-year-old? bitcoin is not invincible anymore a lot of people have adopted it and majorities are the young ones. He is above 18, in my country he is up to the age to make decisions for himself. So if he is interested in bitcoin and doesn't want to leave it. I think what he needs is advice and financials support from whoever he can ask from.

[oktana]

You seem to know a lot about Bitcoin and cryptocurrencies for a 19 year old!
Anyway, don't worry as long as you ask, "How should I plan my DCA strategy?" This means that you know very well what to do.

Are you surprised he knows about Bitcoin for a 19-year-old? bitcoin is not invincible anymore a lot of people have adopted it and majorities are the young ones. He is above 18, in my country he is up to the age to make decisions for himself. So if he is interested in bitcoin and doesn't want to leave it. I think what he needs is advice and financials support from whoever he can ask from.

I just left a thread where a user allegedly said he is 2004, that’s 19 years too. I think bitcoin and cryptocurrency as a whole bas grown so large that age doesn’t matter because you must have heard it somehow. Did we not see a thread that showed cartoon of Bitcoin for kids? So, we already expect kids to know about bitcoin let alone a 19 year old. I’ve dropped my opinion before now and I hope it somehow helps him tho.

[roller33]

I'm a 19-year-old boy living in South Korea and now btt, doge, shiba inu, etc.. have skyrocketed in just a few hours on our country exchange 'upbit'. A little fomo is coming. I can't believe it's gone up more than a months I've invested in bitcoin. I personally don't want to invest in other coins, as I think bitcoin is superior.
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?

It's understandable to feel FOMO amidst the surges in altcoins. Your commitment to Bitcoin is commendable; it's essential to stay focused. Adopt a long-term mindset, recognizing the unique strengths of Bitcoin. Diversification is a personal choice; if you believe in Bitcoin's superiority, stick to your conviction. For a DCA strategy, set a budget you're comfortable with, perhaps a percentage of your income. Regularly invest regardless of short-term fluctuations, ensuring discipline in your approach. Keep informed about market trends, but remember, your plan should align with your goals and risk tolerance. 🚀💡

[lienfaye]

What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?

Trust and patience are crucial if you're going to invest in Bitcoin. That's how you can bear to continue holding and not be tempted to sell until the price reached your desired price to take profit. But of course you need to dig deeper first to know what you're getting into. If you already gain knowledge then have plan on how you would like to accumulate Bitcoin. On the other side DCA strategy is good since you don't have to mind the price before buying and it's best for long term gains.

[shushu9977]

If you have a lot of money, then you should invest in btc. Because btc is the first digital crypto currency in the crypto world. But in my way, I invest as like btc 60%,  eth 10%, bnb 3%, shib inu 10%, waves 7% and also buy 10% of under rated crypto currencies like doge, pepe, floki etc. But it's your money, so you learn and analysis and invest in your knowledge.

[benalexis12]

I'm a 19-year-old boy living in South Korea and now btt, doge, shiba inu, etc.. have skyrocketed in just a few hours on our country exchange 'upbit'. A little fomo is coming. I can't believe it's gone up more than a months I've invested in bitcoin. I personally don't want to invest in other coins, as I think bitcoin is superior.
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?

You are not mistaken that bitcoin is indeed superior to altcoins or cryptocurrencies in this industry field. Also, it is not too late for people who are interested in investing in Bitcoin because it is already proven and tested in long-term holdings in the crypto space.

So start doing dca here too before it's too late for you. Don't be like others who think that when it's too expensive, you can think about buying bitcoin, which for me is too late to make that decision.

[Manny@11111]

Safest of all cryptocurrencies is Bitcoin as it has defile all negative speculations and still waxing stronger regardless how volatile the market is. Other Altcoins promises instant profits which never happens most times and loss of investment therefore will advice to stick with Bitcoin as come 10 years from now your invest me still safe.

For DCA plan according to what you have.

[Tamaperdana]

The solution is easy. You just have to compare the advantages that Bitcoin has with the advantages that Altcoins have. From here you must have understood that Bitcoin is definitely superior. For example, bitcoin is decentralized, has a small supply and has a very high market capitalization. So if you understand just these points, I am sure you will definitely stick with Bitcoin and will not switch to Altcoins. Apart from that, don't doubt your own confidence in Bitcoin. Because even though you understand the points I wrote, if you still don't have total confidence in Bitcoin, you could be influenced by Altcoins.

[uneng]

What kind of mindset should I have to stay in Bitcoin?

This kind of mindset:

I personally don't want to invest in other coins, as I think bitcoin is superior.

And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?

If you think BTC is going to hit a new ATH, DCA isn't the perfect strategy, because it will take a long time until you invest a considerable sum of money in BTC. If you have larger amounts of funds right now to invest, don't wait too long to purchase BTC and don't invest in low dosages, rather buy and accumulate the maximum you can in a safe wallet you have total control over your coins.

But remember: I'm saying this in the scenario you mentioned, that is Bitcoin close of a new ATH soon. However, if your budget to invest is limited, do DCA as usual. It's better than nothing and the best you can in your currently conditions. Just take it easy with your investment not asking too much from yourself, as you had the world over your shoulders. Do your part and expect for the best.

[thiagothx1370]

What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?

It is not too late. Your DCA strategy will depend on the amount of money you are earning and the period of time you are given. If you earn weekly, you should DCA weekly. If you earn money, you should DCA monthly.

The transaction fee is high right now, you can use lightning network.  Many exchanges are having lightning network and you can use it with a lightning network wallet.

If the amount has grown, then send it to a noncustodial wallet.

But you can use side chain instead. They are altcoins but they have low fee. Just until the time the network is not having high fee like this.

I totally agree. I would say to that young boy to use wallet of satoshi when he decides to buy bitcoin using lightning network.

[I_Anime]

Aslong is Btc don't bother yourself that much. You already holding right? So there's no issue just keep holding it don't let FOMO affect your investment. Yeah is better to just invest all your funds you have for investing in Btc alone that will ensure you more profit with lesser risk comparing to other coins.

Btc halving already at corner so just exercise more patient because this investment is surely a long-term investment almost after all Btc halving Btc always experienced a great bullish momentum.

[Dunamisx]

I'm a 19-year-old boy living in South Korea and now btt, doge, shiba inu, etc.. have skyrocketed in just a few hours on our country exchange 'upbit'. A little fomo is coming. I can't believe it's gone up more than a months I've invested in bitcoin. I personally don't want to invest in other coins, as I think bitcoin is superior.
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?

If you Invested in bitcoin then you're safe as long as you're not risking your financial asset on altcoins you're not sure about, bitcoin will always exist and appreciate by rising up to a new level, the additional advise i must give you is to allow yourself be in control of your financial asset by not keeping your money on centralized exchanges, move them to a cold storage like Electrum wallet, blue wallet or get an affordable hardware wallet, not your keys not your coins.

[Fivestar4everMVP]

I'm a 19-year-old boy living in South Korea and now btt, doge, shiba inu, etc.. have skyrocketed in just a few hours on our country exchange 'upbit'. A little fomo is coming. I can't believe it's gone up more than a months I've invested in bitcoin. I personally don't want to invest in other coins, as I think bitcoin is superior.
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?

I can personally relate and I can tell you for sure that it's usually not easy to look away from those shiny altcoin specially when they seen to be doing more Xs than bitcoin.
And personally, I wouldnt say that it's completely bad to invest in them, but for a newbie who is just getting started in this space, investing in altcoins is usually a risk do not want to take, since Bitcoin is always a safe heaven and it's very hard to lose money in bitcoin.

So, what I did say is that, you just look away and give all your attention to bitcoin and bitcoin alone, you don't need any special kind or type of mindset to ignore altcoins and focus on bitcoin, it's a matter of decision, that is, what exactly you have decide to do and you are determine to stick to it.

And speaking of DCA, this, I believe should depend solely on how much you earn and how you earn, for example, if you have your own business and earning every day, then you could set out a percentage of your profit and use it to buy bitcoin every day, but if you are working and earning every week, or monthly, each time you get your salary, decide how much you wanna take out and buy bitcoin, and also remember to set your target at what price range you should be comfortable buying from, until bitcoin leave or grows above that price range completely, then you can decide whether to stop and hold what you have, or find a new price range and continue buying.

[pawel7777]

I'm a 19-year-old boy living in South Korea and now btt, doge, shiba inu, etc.. have skyrocketed in just a few hours on our country exchange 'upbit'. A little fomo is coming. I can't believe it's gone up more than a months I've invested in bitcoin. I personally don't want to invest in other coins, as I think bitcoin is superior.
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?

If you Invested in bitcoin then you're safe as long as you're not risking your financial asset on altcoins you're not sure about, bitcoin will always exist and appreciate by rising up to a new level, the additional advise i must give you is to allow yourself be in control of your financial asset by not keeping your money on centralized exchanges, move them to a cold storage like Electrum wallet, blue wallet or get an affordable hardware wallet, not your keys not your coins.

Cold storage is a good solution for a long term storage, so for someone who is patient and not constantly looking at price charts. OP is showing a mindset closer to a day-trader, someone who is chasing quick profits. He should probably sit himself and have a think on what is he trying to achieve by holding crypto and how much risk is he comfortable with. Otherwise he'll be in almost constant distress of not knowing if and what to buy and when to sell.

[2Pizza410000BTC]

I'm a 19-year-old boy living in South Korea and now btt, doge, shiba inu, etc.. have skyrocketed in just a few hours on our country exchange 'upbit'. A little fomo is coming. I can't believe it's gone up more than a months I've invested in bitcoin. I personally don't want to invest in other coins, as I think bitcoin is superior.
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?

Investing in Bitcoin requires nothing more than the mindset you currently have. However, whether you choose to use the DCA method to invest in Bitcoin is entirely up to you. But in case of DCA if you earn weekly then invest weekly using DCA and if you earn monthly you can invest monthly. DCA Investment depends on your income amount weekly or monthly.

[Nrcewker]

I'm a 19-year-old boy living in South Korea and now btt, doge, shiba inu, etc.. have skyrocketed in just a few hours on our country exchange 'upbit'. A little fomo is coming. I can't believe it's gone up more than a months I've invested in bitcoin. I personally don't want to invest in other coins, as I think bitcoin is superior.
What kind of mindset should I have to stay in Bitcoin? And I think Bitcoin is about to hit the highest price ever, so how should I plan my dca strategy?

Bitcoins aren’t for beginners to be honest. You are easily getting lured by other coin’s mini price jumps. Just do a little analysis and you yourself will see what Bitcoins are capable of. I know Bitcoins haven’t given sudden returns like the other alts are doing but still the ROI is great if someone has invested in 2018 or so. You need to also understand that the amount of returns with less days also come with high risk of getting into losses. Hence staying loyal to Bitcoins will be fruitful. These coins are limited in numbers, so buy and hold it for long term to yield the maximum profit.

[synchronym]

op I agree with you. Because the best way to invest is to invest in Bitcoin. But you have to keep in mind that Bitcoin is risky. When it comes to Bitcoin investing, you must have a long-term plan. Long-term planning with patience is very positive for Bitcoin Binos. Best of luck to you of course