Minimalism in Bitcoin would slow your accumulation process

[Alphakilo]

What I'm saying is that as much as it's important to buy based on our financial capacity, it's also good to put in additional effort to starch more in our portfolio if we are interested in making a good profit from our holdings. Remember that your profit is directly proportional to how much you've starched up in your portfolio.

A good Dollar cost averaging will fix this. DCA over long cyclical periods is the best way to grow a crypto portfolio.  You can set automatic and  recurring buying options for doing DCA strategies on the top exchanges. This will you to set it up and focus on building multiple sources of income in the long-term to have a successful portfolio.

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[AmoreJaz]

Remember that your profit is directly proportional to how much you've starched up in your portfolio.

There are one time investors who have just invested once and believe that there one time investment will multiply one day and then make them rich. It is wrong knowledge because for an investor to really benefit from every increase in the value of bitcoins, they have to have a good amount invested either once or little amounts regularly until they have a good sum of investment put together. There is no cheating it, people who have invested more will gain better than those who have invested less in bitcoins, so every investor should aim to have enough bitcoins by accumulation.

At the end of the day, you will be the one who will decide what you are going to do with your funds. Even if they are laughing at you because they don't believe it, you should follow your instincts and be smart with your financial options.
So if the OP invested some in btc market when everyone was laughing at him, today, he will reap the rewards of his investments.

If Bitcoin is the destination behind the plan in expecting profits, I think when the market is at the beginning of the bull Run and it still continues in a condition like now there is no other way but to hold the existing one and to buy again with the aim of increasing it is not a good choice If I suggest buying at a relatively high price.

As for many finances who do not know what you want to use for, buying bitcoin at this time in the midst of a relatively high price condition is still an option in my opinion because when the price of translucent $ 100K, then from now on it does not take time to hold.
For example in the next 3 months Bitcoin is able to reach $ 100K, the profit gained with the current purchase price is also not small.

Buying option will always be upon on the person's beliefs towards this market. Invest when you think you do have advantage, not because, someone is forcing you to buy.

[Natsuu]

Your profit depends on how much Bitcoin you've got. To make more you gotta stack up during bearish times. Waiting for years isn't needed. People who bought big at $40k are likely swimming in profit now at $72k. Even if you got in at $20k, it won't match up. So buy what you can afford but hustle to beef up your stash for bigger gains. Profit's directly tied to your portfolio size. Keep adding more Bitcoin if you want those returns to skyrocket

[Abu-Naim]

What I'm saying is that as much as it's important to buy based on our financial capacity, it's also good to put in additional effort to starch more in our portfolio if we are interested in making a good profit from our holdings. Remember that your profit is directly proportional to how much you've starched up in your portfolio.

You are right but you know that there are conditions that can hinder accumulating more bitcoin at once which include financial conditions.
Before you invest in anything, you need capital to place your investment, and if you don’t have capital, you cannot invest because of lack of capital to start. Because of this reason, DCA method was brought up and it has been helping people to accumulate as much bitcoin as possible small small since it is not anyone that can afford to buy at once due to financial problems.
Moreover, DCA method also have advantages which includes buying with any amount of you have at any point irrespective of the price, and it gives more confidence on your holding.

[Cookdata]

How much profit we get from our investment is directly proportional to how much Bitcoin we have in our portfolio and so if you're interested in making more profit, there is no two ways about it, you've got to figure out ways to accumulate more Bitcoin, especially when it's bearish.

I get your concept of variation where two variables increased, which means if you buy 1 Bitcoin, you get a full value of Bitcoin and if you buy a half value of Bitcoin, it means you get the same half value but this can be improvise with some other factors of Bitcoin. Like the time for instance, if you buy a half whole of Bitcoin when the price was around $20k and then you buy another whole of Bitcoin at $45k, and now that Bitcoin price is now sitting around $68k, the first Bitcoin you bought would be having $24k profits after you subtract the profit and the second whole Bitcoin you bought will be having a $23k profits, you can see that the first Bitcoin you bought has more profits that the one you bought later, this is why timing is very important when buying Bitcoin.

The advantage is that you don't necessarily have to wait for years before meeting your goal. Those who bought in bulk when it was bearish have probably reached their goal at the current $72k while those who bought a minimal amount even years back when Bitcoin was around $20k will be in profit but wouldn't have a  profit anywhere close to someone that starched a good amount of Bitcoin at let's say $40k

Again, as I stated earlier, the timing is very important. The only way you can maximize more profits is when you buy Bitcoin during the bear market, everything is cheap and people dump their coins like they don't need it only to start running accumulating some sats in the bull run.

What I'm saying is that as much as it's important to buy based on our financial capacity, it's also good to put in additional effort to starch more in our portfolio if we are interested in making a good profit from our holdings. Remember that your profit is directly proportional to how much you've starched up in your portfolio.

Not necessary that, if you know that you are not financially big, the best and recommended time to buy Bitcoin is during the bear market, if you have $70k today, you ca only buy a single Bitcoin but in a bear market, you can get lucky and afford 2.5 Bitcoin. Hence, the timing is very important to accumulate Bitcoin.

[Smartvirus]

How much profit we get from our investment is directly proportional to how much Bitcoin we have in our portfolio and so if you're interested in making more profit, there is no two ways about it, you've got to figure out ways to accumulate more Bitcoin, especially when it's bearish.

The advantage is that you don't necessarily have to wait for years before meeting your goal. Those who bought in bulk when it was bearish have probably reached their goal at the current $72k while those who bought a minimal amount even years back when Bitcoin was around $20k will be in profit but wouldn't have a  profit anywhere close to someone that starched a good amount of Bitcoin at let's say $40k

You’ve just recounted what is well known. Of course you can’t hope to benefit from where you didn’t sow or hope to reap more than you’ve put in, that can’t be the case. Your investment has a direct proportionality with your hodlings and even in the event of a dump, you still get that direct proportional decrease in the valuation of your asset.

While your might have referred to $72k as the goal, I’ll say the goal is very much far from it. It’s as far as the Satoshi goes because at the moment, the least Satoshi haven’t got a dollar value. Every single Satoshi needs to have some real value on it to be able to purchase some life used community amongst others in the digital sphere.

But, goals can be set by every individual though but, there isn’t a fixed price for real hodlers.

[Bushdark]

Your profit depends on how much Bitcoin you've got. To make more you gotta stack up during bearish times. Waiting for years isn't needed. People who bought big at $40k are likely swimming in profit now at $72k. Even if you got in at $20k, it won't match up. So buy what you can afford but hustle to beef up your stash for bigger gains. Profit's directly tied to your portfolio size. Keep adding more Bitcoin if you want those returns to skyrocket

Those that have more Bitcoin would have to benefit more in this bull market than those that have Bitcoin in decimal units.
It is good for profit if we can acquire enough Bitcoin and hold for the big bull that is loading. This would be a good way for us to earn weight any problems from other fellow competitors. We can earn from the market with ease compared to other investments that would take us plenty of time for us to earn from the market. Bitcoin is still good to hold as a starter and there is enough time for us.

[pinggoki]

It's simple, just find a job that pays you well in fiat and find another side hustle that will generate you extra income, that way you've got a money that you can still rely on when the bearish season is happening and that way, you can accumulate at that time even more because you've got a lot of money and you can buy bitcoin at a really low price but at the same time, your getting better value compared to when you're buying right now, your accumulation process should be dependent on what's the current market season for bitcoin because if you don't do it the right way, you're probably going to end up having the issue of panic selling or bad value investment. Just remember that in bear season, you should be increasing how much you're buying either through DCA or other methods and your rate of accumulation, and maybe the other way around when the bull season like right now is happening. Of course those advices are going to be much more effective if you've got a job and that side hustle that I've talked about earlier.

[Ever-young]

Yes we should do everything in our power to accumulate Bitcoin but we should not also be reckless and irresponsible and impulsive when making decisions just to invest in Bitcoin.

When it comes to investing decision their are people who don’t know to what limit that they should go, their are funds which are meant for investment and their are also funds which are meant to be used for personal and up keeping, let’s take for instance as someone who is still trying to catch up with life you are running a monthly paying job, at the end up every month you have bills to pay food things to settle and other personal expenses still be a reckless decision for you to rush into investing up to 90% of your monthly earned salary into it, at this level this where most newbie investor make mistake, once’s you enter such kind of investment and you need money for something in future you will be forced to touch the Bitcoin you have invested your money on not minding the current price at that point in time.

[btc78]

Exactly. Some people need to realize that unless they put in the effort, they are not going to see the results they want to see. Of course it’s gonna be hard but that is what will set you apart: your hard work and perseverance to achieve what you want to achieve.

Some people want to gain profit even if they do not put out money of their own, but that is just almost impossible. In investments, there is always a risk and you are putting your money at risk but with educated decisions you can generate profit.

[Stablexcoin]

What I'm saying is that as much as it's important to buy based on our financial capacity, it's also good to put in additional effort to starch more in our portfolio if we are interested in making a good profit from our holdings. Remember that your profit is directly proportional to how much you've starched up in your portfolio.

A good Dollar cost averaging will fix this. DCA over long cyclical periods is the best way to grow a crypto portfolio.  You can set automatic and  recurring buying options for doing DCA strategies on the top exchanges. This will you to set it up and focus on building multiple sources of income in the long-term to have a successful portfolio.

You right. I learned that DCA is one of the best approaches to stack more in our portfolio gradually. Unless we want to buy aggressively. Although there is no limit to how much we can accumulate if we are consistent.

Can you teach me how I can automatically set my DCA plan on tier 1 exchanges like Binance or Kucoin? However, I am afraid to keep my money in these exchanges so I may end up not willing to do it but it doesnt stops me from learning right? Perhaps ill just buy when I want to DCA then send it directly to my wallet instead of leaving it in the centralised exchange.

[South Park]

How much profit we get from our investment is directly proportional to how much Bitcoin we have in our portfolio and so if you're interested in making more profit, there is no two ways about it, you've got to figure out ways to accumulate more Bitcoin, especially when it's bearish.

The advantage is that you don't necessarily have to wait for years before meeting your goal. Those who bought in bulk when it was bearish have probably reached their goal at the current $72k while those who bought a minimal amount even years back when Bitcoin was around $20k will be in profit but wouldn't have a  profit anywhere close to someone that starched a good amount of Bitcoin at let's say $40k

What I'm saying is that as much as it's important to buy based on our financial capacity, it's also good to put in additional effort to starch more in our portfolio if we are interested in making a good profit from our holdings. Remember that your profit is directly proportional to how much you've starched up in your portfolio.

It is never that simple, remember investing is a journey, very few people start their journey by knowing all the answers and picking all the right assets at the right time, the most common scenario is for people to start slow and make a bunch of mistakes along the way, and it is not until a few years pass in which they finally acquire the knowledge necessary to profit from the markets in a consistent basis, and after that they will still need a few more years to overcome the mistakes they made during those years.

[sheenshane]

Can you teach me how I can automatically set my DCA plan on tier 1 exchanges like Binance or Kucoin? However, I am afraid to keep my money in these exchanges so I may end up not willing to do it but it doesnt stops me from learning right? Perhaps ill just buy when I want to DCA then send it directly to my wallet instead of leaving it in the centralised exchange.

There are always pros and cons when you decide to do this.
Both exchanges you've mentioned are reputable and I think you didn't need to worry about keeping your coin there during this bullrun while waiting for a correction.  It's a tough decision when to buy or consider the DCA way but if you can be able to manage your portfolio that's quite easy for you.

A friendly reminder, set your purchase amount to the amount of money you want to invest in Bitcoin during each DCA interval.
This amount should be fixed and within your budget or you can able to wait until you reach your target profit.

[so98nn]

One of the great idea is accepting payments for the business or individual services if any. This can be great for those who has it however not everyone does the Business so for them there could be some more efforts with less accumulation. For such individuals they can work online on micro tasking sites and get paid in the Bitcoin form. This is excellent choice if you are from a Tier 1 country considering they have decent payout. I have been working on such sites all the time and they are really improving day by day these days with higher paid tasks. I think its all about how you chase bitcoin with variety of ways. Believe me there are plenty of them we just need to look for best opportunities.  

[Asiska02]

The advantage is that you don't necessarily have to wait for years before meeting your goal. Those who bought in bulk when it was bearish have probably reached their goal at the current $72k while those who bought a minimal amount even years back when Bitcoin was around $20k will be in profit but wouldn't have a  profit anywhere close to someone that starched a good amount of Bitcoin at let's say $40k

What I'm saying is that as much as it's important to buy based on our financial capacity, it's also good to put in additional effort to starch more in our portfolio if we are interested in making a good profit from our holdings. Remember that your profit is directly proportional to how much you've starched up in your portfolio.

I understand your point but it should also be known that all people can invest in bitcoin can reach their target within the time they might have allocated for themselves to reach that point. When the bull run comes and people want to take profit on their investment, it is not about how much you’ve spent in total while buying bitcoin but it depends on the quantity you’re able to accumulate to give you a significant profit when checked with the price it will be at the bull run. DCA works to achieve that, but some can still stick to the DCAing and not still lucky to have stacked much bitcoin because they always unlucky to buy at high when they have the money to buy the little they’ve been accumulating. What matters is the quantity and not the money invested so far in it. Once you’ve set a target on the amount of bitcoin wanted in a portfolio, any approval can be used to achieve that.

[harapan]

Yes it is ideal but again even with extra efforts,
one can only do so much with what is given to them.
Some people still have responsibilities that they can't
leave behind and deadlines to be met. It's also not ideal
to have some debt just to invest in crypto because it's too
risky either way.

Yes we should do everything in our power to accumulate Bitcoin but we should not also be reckless and irresponsible and impulsive when making decisions just to invest in Bitcoin.

We only have a certain amount of energy, time, and space in our lives,and when these factors are not properly exercised,they practically leaves traces of guilt,fear and loss.Living with less can be a better option when you're trying to cut your spendings and live without much worries from financial pressure/problems..

It will be exciting and a good choice to recognizes the value and importance of Bitcoin, but also accepts the existence and usefulness of other cryptocurrencies in general and there should'nt be an alteration to the preferred system.Investing is a choice,and its Also a journey,so in order to be able to accumulate more,adopt a long term investing approach and equal interest.

[Pi-network314159]

What I'm saying is that as much as it's important to buy based on our financial capacity, it's also good to put in additional effort to starch more in our portfolio if we are interested in making a good profit from our holdings. Remember that your profit is directly proportional to how much you've starched up in your portfolio.

Yes. Whenever we invest a certain amount we get profit in return, but the return we get is determined by the level of investment we have done. We should be able to invest big at times instead of being afraid of investment and end up investing peanut and expect high in return. For example someone who invested $5 and someone that invested #500 are not thesame. If btc goes up to %50 the will be getting $7.5 in return but the one of $500 investment will be getting $750 in total that is to show that the higher the capital invested, the higher the profit earned

[uneng]

What I'm saying is that as much as it's important to buy based on our financial capacity, it's also good to put in additional effort to starch more in our portfolio if we are interested in making a good profit from our holdings. Remember that your profit is directly proportional to how much you've starched up in your portfolio.

I agree with you. Many people talk about DCA as the best investment strategy, although in my opinion it doesn't maximize the potential of the investment at its full capacity. If you can buy a large portion of Bitcoin at once when its price is pretty cheap, why would you buy only a fraction of your total capacity in order to do DCA? If you have the money and can buy a lot of Bitcoin at once on the dip, then do this. If you still want to do DCA after that, you can do with your monthly income, but don't waste the opportunity of buying most Bitcoin as possible when the moment looks propitious.

Although the market is unpredictable, investors just have to pay attention to Bitcoin's cycles and important marks in order to know when to buy larger amounts of BTC and when to wait. To be conscious about what is a bear and bull market can help investors to grow their portfolios on the right moments. The problem is that people start investing when Bitcoin is hitting a new ATH, and once the market crashes, they want to immediately sell everything in despair...

[NewRanger]

What I'm saying is that as much as it's important to buy based on our financial capacity, it's also good to put in additional effort to starch more in our portfolio if we are interested in making a good profit from our holdings. Remember that your profit is directly proportional to how much you've starched up in your portfolio.

For BTC, I never had the slightest doubt about investing even though the price had reached 72K previously and now people will start to think that BTC is a good and pure place to invest, many of which have provided big profits for investors. Yes. Seeing this significant movement of BTC will certainly make investors confused about where they will place a large portion, whether in gold or other commodities such as silver and we know BTC has always been their competitor.

[taufik123]

For BTC, I never had the slightest doubt about investing even though the price had reached 72K previously and now people will start to think that BTC is a good and pure place to invest, many of which have provided big profits for investors. Yes. Seeing this significant movement of BTC will certainly make investors confused about where they will place a large portion, whether in gold or other commodities such as silver and we know BTC has always been their competitor.

BTC has always been a competitor to any investment and even Many have been interested and started to get into Bitcoin since Bitcoin reached a price that was beyond their predictions.

But investments such as gold, bonds, property or others are types of investments that can be applied for the long term as well.
You also need to diversify and not just put it in one bag.

Every investment has advantages and disadvantages as well as Bitcoin or gold, both are good investments but have different characteristics.

Bitcoin has now reached an ATH price of $73k and this is a sign that Bitcoin will be stronger, but it has to be smart enough to start coming in and don't buy just because of FOMO.