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Author Topic: Ways to invest in Bitcoin.  (Read 583 times)
Sonia_123
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June 27, 2024, 12:37:08 PM
 #21

DCA strategy ( Dollar Cost Averaging): this is an investment strategy where you buy Bitcoin at a regular interval, not minding the price. One can just set a particular amount which he or she will be using to buy Bitcoin it could be weekly or monthly. I'm using the strategy and it has been a wonderful experience so far

DCA Strategy of accumulating is good because it is stress-free and you don't have to be looking for huge sum of money before you start investing,as long as you have your monthly income ,it enable the investor to buy Bitcoin always without having issues with purchasing fund it's for all class of people if you prefer it. Using dca strategy,it allows you to buy and accumulate Bitcoin more when the price is low and less when the price of Bitcoin goes up and has little risk.
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June 27, 2024, 12:58:43 PM
 #22

A traditional yet indirect way to invest in BTC is to purchase shares of Bitcoin Maximalist Michael J. Saylor's company MicroStrategy (Nasdaq: MSTR).
The company is widely considered to be a bitcoin proxy due to its massive holdings.
As of June 24, 2024, MicroStrategy owns 226,331 Bitcoin, surpassing 1% of all Bitcoin in circulation, making it the largest corporate holder of Bitcoin globally.

https://bitcointreasuries.com/microstrategy/

While I choose to own shares of MSTR as part of my investment portfolio, You should, as always, do your own research and determine if this asset matches your investment profile.

  

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June 27, 2024, 05:54:42 PM
 #23

I think the best way to invest for beginners is to invest in Bitcoin with money from signature campaigns. In this way they do not have to face much loss if they lose wealth from the investment. For beginners I would never suggest investing in Bitcoin/any crypto currency from own funds. It would be better for him to make himself a skilled investor by first investing the money earned through signature promotion from this forum and later invest in different methods.

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June 28, 2024, 11:35:07 AM
 #24

To be honest, if someone has money to invest on the market then it's best to do a lump sum so that you won't have any emotional barrier upon doing that. Why I said that? It's because when someone is trying to invest on Bitcoin during the dips, the investor might feel that there's gonna be another fall and there will be some delay of investing due to the fact that it might fall lower again upon waiting.
Having fear if the price of bitcoin will go dip can even make one not to be able to use any of the strategies. No matter the strategy one chooses to buy bitcoin if there is fear of buying in the dip it can deprive one from buying bitcoin.
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Yes, DCA is a good one but with that kind of money, and you know that it is the dip, you have the choice to buy it on the lumpsum for you to just spend that money away to the market and you only have to think about waiting.
All strategies are good to invest bitcoin but investors needs to go with the strategy that they can afford that can align with their financial capability. Those who apply the DCA method of investing are active investors that are ready to buy bitcoin from time to time , while the lumpsum are investors that can afford to buy bitcoin with a particular amount and hodl for a longtime to make good profits.

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June 28, 2024, 01:08:25 PM
 #25

I don't know if anyone has talked about this before in this forum if anyone has done it before please pardon me I'm ignorant.
A lot of people especially my follow newbies are curious to know the various ways in which they can invest in Bitcoin, when it comes to bitcoin investment there are three main ways which one can invest and become productive.
Almost every day we talk about formats like this and will continue to be talked about as long as the available discussions talk about the issue. The method as you mentioned below is generally done like that and maybe we can see the suitability with the abilities that are owned because not everyone has the same knowledge so there are people who are able to run investments, trading or mining. When we choose to run one of the three then it should be a choice and we are aware of understanding and have the right knowledge.

Usually beginners do not have the ability to trade or mine, the only one who is most likely to invest. If they have the ability to run trading or mining then they are no longer called beginners. At this level, beginners are advised to learn to understand what they can do and not force desires that they are not able to do.

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June 28, 2024, 06:32:14 PM
 #26

For the beginner investing for long term period is the best way to invest in bitcoin behind lack knowledge about bitcoin and still do not know more about any aspect make bitcoin will drop or pump.
During learn more about bitcoin for beginner invest as long term way become most effective how to earn profitable in bitcoin than becoming daily trading with difficulty how to manage market price condition.
But all beginner have huge ambition when investing in bitcoin want to earn faster profitable with large amount, its too difficult dreaming how possibility still beginner and want to earn much profitable when investing in bitcoin but has short term moment.

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June 28, 2024, 06:54:06 PM
 #27

For the beginner investing for long term period is the best way to invest in bitcoin behind lack knowledge about bitcoin and still do not know more about any aspect make bitcoin will drop or pump.
During learn more about bitcoin for beginner invest as long term way become most effective how to earn profitable in bitcoin than becoming daily trading with difficulty how to manage market price condition.
But all beginner have huge ambition when investing in bitcoin want to earn faster profitable with large amount, its too difficult dreaming how possibility still beginner and want to earn much profitable when investing in bitcoin but has short term moment.
a huge ambition no doubt but some of them with little experience or strategy to go about it, sometimes many people feel they can just go all out in the crypto market and purchase any coins with their mentality already fixed on the fact that crypto is like a short cut to making huge profits and thats totally a wrong view especially for a newbie in the space.

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June 28, 2024, 10:24:21 PM
 #28

For the beginner investing for long term period is the best way to invest in bitcoin behind lack knowledge about bitcoin and still do not know more about any aspect make bitcoin will drop or pump.
During learn more about bitcoin for beginner invest as long term way become most effective how to earn profitable in bitcoin than becoming daily trading with difficulty how to manage market price condition.
But all beginner have huge ambition when investing in bitcoin want to earn faster profitable with large amount, its too difficult dreaming how possibility still beginner and want to earn much profitable when investing in bitcoin but has short term moment.
a huge ambition no doubt but some of them with little experience or strategy to go about it, sometimes many people feel they can just go all out in the crypto market and purchase any coins with their mentality already fixed on the fact that crypto is like a short cut to making huge profits and thats totally a wrong view especially for a newbie in the space.

Trading isn't the best option for a newbie who is just gaining basic knowledge of cryptocurrency. They should try to focus more on holding and at the same time studying the market to know how the charts are being read and some crypto terminologies to improve their vocabulary also. One of the major mistakes I hear newbies make is searching for an online group, page, video or depending on someone for crypto signals. As crypto enthusiast we should learn to stay self motivated and dependent on ourselves and that why more of research and study is needed to thrive in this line of field. Some of those influencer were paid to make ads on these newly launched project and if you fall for their tricks you are on your own.
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June 28, 2024, 10:24:42 PM
 #29

Bitcoin is not a stock to invest in. Bitcoin is hard money in digital form, and money is saved.

There is no denying the fact that bitcoin primary initiative was to be an alternative currency to the fiat currency. With bitcoin having numerous advantages that cross beyond using it alone as a currency for just payment. The advantage of it been an hedge against inflation, it’s fixed supply and also the volatility in price associated to it, this features have made bitcoin to increase in  price and therefore grow more in profits which is why many people treat it as an investment this days rather than just trading. The fact that long term holders gain a lot from it’s return is a big reason why it is more treated as an investment at the moment than even as a currency

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June 29, 2024, 08:05:58 AM
 #30

DCA is the best strategy there. It really gives you a good result in the long eun. Overall it is most suitable when you are investing in BTC for longer period of time. And yeah a lot of members has talked about these factors combined and separately, but nothing bad in refreshing these points again.

As a good member of this forum you can also invest in BTC by earning via signature compaigns. But you have to do a lot of work and keep patience for this. The best way to accumulate BTC is via investing. If you have funds and wanted to hold btc for longer period of time then DCA is the best strategy there.
I don't think there is any need stressing which method is the best and saying that the DCA method is the best does not really stand because their is no data to back up what you are saying. For instance, can you name any of the big holders of Bitcoin that bough using the DCA method? But I know many huge holders that do not buy their Bitcoin through the DCA method. I still remember when MicroStrategy were massively accumulating Bitcoin, they bought using lump sum method.

The most important aspect in Bitcoin accumulation is not the method of buying but how to hold and manage the Bitcoin purchased. Some might buy using the lump sum and at the dip but will be unable to manage it properly, thereby selling when the upward movement is just starting. While some people can buy at the beginning of the movement but will hold even to the peak of the movement.


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June 29, 2024, 11:15:04 AM
 #31

But for me, DCA method of investment is the most preferred, if you invest in any situation, you can definitely get benefit only through DCA investment. Now the current situation of the Bitcoin market according to this situation DCA method is perfect. The current market price of Bitcoin has made investors so unsatisfied that it is impossible to invest in lump sums, it is best to invest regularly with the DCA method. The average will control the price, and most investors consider this method to be the best method.
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June 29, 2024, 12:16:02 PM
 #32

The ways to invest in Bitcoin the best strategy for now is only Dollar Cost Averaging and holding at the same time this is the easy way and the cheap way.

Lump sump strategy is of course a good ways to gain huge profit but this must be combined with buy at the dip but even professional trade sometimes still missed about the dip

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June 29, 2024, 03:26:01 PM
 #33

Lump Sum: Some people decide to buy their bitcoin all at once at a price they feel is good for them. This strategy is referred to as Lump sum. one can just be saving till when he feels he has enough money he can just purchase Bitcoin using all the savings or one can use an inherited money to purchase all at once.
The main advantage of buying and holding is that it is simple and straightforward.
To be honest, if someone has money to invest on the market then it's best to do a lump sum so that you won't have any emotional barrier upon doing that. Why I said that? It's because when someone is trying to invest on Bitcoin during the dips, the investor might feel that there's gonna be another fall and there will be some delay of investing due to the fact that it might fall lower again upon waiting. Yes, DCA is a good one but with that kind of money, and you know that it is the dip, you have the choice to buy it on the lumpsum for you to just spend that money away to the market and you only have to think about waiting.
Well, if you want to secure a large amount of bitcoin in an instant, lump sum is the most effective strategy for that. But I must say, know your investment well first before you decide to invest on a lump sum basis, otherwise you will lose all your patience waiting for its price to surge high and reach its new all time high, because you are not aware completely and does not have clear understanding about how this volatility works for bitcoin. DYOR first so you won’t be making a big decision that you’ll eventually regret later on.

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June 29, 2024, 03:47:11 PM
 #34

Lump sump strategy is of course a good ways to gain huge profit but this must be combined with buy at the dip but even professional trade sometimes still missed about the dip

Yes, this strategy must take advantage of the moment and the planning must also be done carefully when we don't check the market too often.

people who collect Bitcoins have many ways. DCA is indeed the most popular. but there are also those who trade altcoins within a certain time plan and the profits will be accumulated in Bitcoin.

no matter how people own their Bitcoins, what we can see right now is people's trust in Bitcoin. they can learn any strategy and the best way for them to own their assets.
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June 29, 2024, 05:30:40 PM
 #35

What you have said is the truth OP. Investing in bitcoin can be done in many ways just as you have said. Buying and hodling is one of the major aspect of bitcoin investment. Here one can buy bitcoin and hold it for a long term as it pleases them to do so but before it is done, it is advisable to use spare cash or funds you could afford to lose as the market is very volatile so that even if the price goes down, you can be able to endure it while holding for a long time.

Nevertheless, one can also invest in Bitcoin here by working to get paid in Bitcoin on this platform or elsewhere which has its term of payment in Bitcoin. You can use your skills to work and get paid in Bitcoin which is  done here lf your application is being accepted into a campaign.

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June 29, 2024, 05:36:38 PM
 #36

DCA strategy ( Dollar Cost Averaging): this is an investment strategy where you buy Bitcoin at a regular interval, not minding the price. One can just set a particular amount which he or she will be using to buy Bitcoin it could be weekly or monthly. I'm using the strategy and it has been a wonderful experience so far.
Buying during the Dip: this is also an accumulation strategy it involves waiting for Bitcoin to dip before accumulating or buying.
Lump Sum: Some people decide to buy their bitcoin all at once at a price they feel is good for them. This strategy is referred to as Lump sum. one can just be saving till when he feels he has enough money he can just purchase Bitcoin using all the savings or one can use an inherited money to purchase all at once.
The main advantage of buying and holding is that it is simple and straightforward.
Everyone knows what they think is best for them, this they know after carefully evaluating themselves and the level of risks they can manage. For someone who intends to invest in bitcoins for the first time, I will recommend the Dollar Cost Averaging (DCA) method of investing in bitcoins. This is because, new investors might not be able to accurately analyse the market to know when exactly to buy or not to buy. Therefore, instead of buying at a price you are not sure of with a huge sum of money, it is better to buy in bits at intervals so as to reduce your risks. This method is not limited to beginners only, anyone who does not trust his ability to analyse the market accurately and buy at a fair price should adopt the DCA method.

Buying large bitcoins at once has the potential of generating lots of returns but only experts who are good at analysing the market should adopt this method because huge losses may arise if the investor fails to make his analysis well .

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June 29, 2024, 08:37:04 PM
 #37

The ways to invest in Bitcoin the best strategy for now is only Dollar Cost Averaging and holding at the same time this is the easy way and the cheap way.

Lump sump strategy is of course a good ways to gain huge profit but this must be combined with buy at the dip but even professional trade sometimes still missed about the dip
Well, to make it easy most especially for beginners, just buy at the dips and hold for long term, that way you can assure good accumulation of bitcoin. And add on it DCAing regularly using spare money, I think in less time, one will have a good amount of bitcoin portfolio in the long run. Just never sell at a lower position, wherein one gets panic and decide to sell even at a lower price in order to prevent more losses, because that will never be a good and profitable strategy for a wise investor. Focus on your goal, by not getting emotional easily when bitcoin price experience market price correction.

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June 29, 2024, 09:37:55 PM
 #38

Obviously, mining is no longer possible, at least for solo mining, it will cost you a lot of money and electricity so it's not feasible. As far as those mentioned by the OP, just DCA is the best one since this is applicable to everyone, from average Joe investors to big whales and institutions.

Lump sum might be good if you have that big capital and you time the market to buy when the price did go to a downward spiral.

You might want to look at @JayJuanGee [ANN] JJG Sustainable Bitcoin Withdrawal Strategy.

Talking about lump sum, I think this is also very risky when it comes to beginners. Don't dare to invest with only less knowing, familiarize the market first and if you can be able to sustain the risk and the long waiting game, then you are in. But personally, I don't suggest buying lump sum even with bitcoin. Bitcoin's future is still unknown, we still don't know how long will it last, even the whole crypto market.

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June 29, 2024, 11:59:18 PM
 #39

I don't know if anyone has talked about this before in this forum if anyone has done it before please pardon me I'm ignorant.
A lot of people especially my follow newbies are curious to know the various ways in which they can invest in Bitcoin, when it comes to bitcoin investment there are three main ways which one can invest and become productive.

buying and hodling:

Buying and holding is the simplest way to invest in Bitcoin, and it involves simply purchasing Bitcoin and holding it in a digital wallet. And there are different strategy in which one can use in accumulating Bitcoin and hodling which are.
Buying and Holding happens to be my favourite way of investing in Bitcoin reason been that with this, the risk appear to be at its minimum but beyond this there are risk that may be considered unbearable especially for newbies who do not have enough knowledge about the totality of the dynamic of gambling, I do believe that as an investor in Bitcoin especially if you are aiming at the long term, buying and Holding is one of the surest bets, you are not going to have so much to loose if you are patient enough, there are times when there will be falls but if you are still patient, you will still be able to get back your lost funds when there be a reversal and the up ward move turns in your favour. Mining too is Also safe but I believe you wouldn't want to be caught up with all the stress that accompany it but if you are in for it then it's safe as the only chances of losses may be with not meeting up with the task required of you.

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June 30, 2024, 03:09:42 AM
 #40

I don't know if anyone has talked about this before in this forum if anyone has done it before please pardon me I'm ignorant.
A lot of people especially my follow newbies are curious to know the various ways in which they can invest in Bitcoin, when it comes to bitcoin investment there are three main ways which one can invest and become productive.

buying and hodling:

Buying and holding is the simplest way to invest in Bitcoin, and it involves simply purchasing Bitcoin and holding it in a digital wallet. And there are different strategy in which one can use in accumulating Bitcoin and hodling which are.
DCA strategy ( Dollar Cost Averaging): this is an investment strategy where you buy Bitcoin at a regular interval, not minding the price. One can just set a particular amount which he or she will be using to buy Bitcoin it could be weekly or monthly. I'm using the strategy and it has been a wonderful experience so far.
Buying during the Dip: this is also an accumulation strategy it involves waiting for Bitcoin to dip before accumulating or buying.
Lump Sum: Some people decide to buy their bitcoin all at once at a price they feel is good for them. This strategy is referred to as Lump sum. one can just be saving till when he feels he has enough money he can just purchase Bitcoin using all the savings or one can use an inherited money to purchase all at once.
The main advantage of buying and holding is that it is simple and straightforward
Trading:

Trading involves actively buying and selling Bitcoin in order to profit from price fluctuations. A lot of people uses this strategy and this strategy is sometimes completed and is not advised for a newbie to venture into it. trading involves speculating on Bitcoin price movements using CFDs. Before you venture into trading you have to Learn the factors that moves bitcoin price.
 
Mining:

Mining involves using computers to solve complex mathematical problems in order to earn Bitcoin as a reward. Me and my friends once mined Bitcoin on a particular app I think the app is called Bitcoin mining.
This process of mining will take you a lot of time and is also data consuming you need to have a lot of data to do this.

If I made a mistake or I didn't add something please I'm open for correction.


Buying and holding is the best for me using the DCA strategy either weekly or monthly based on the my financial or income flow, but the idea of setting a particular amount for dca for me is not a good one, since your investment money is meant to come from the money that will be ready enough for investment after taking care of your personal needs which will varies  from weeks to weeks and from months to months , so I will suggest that the DCA amount shouldn't be a particular amount so that you can be able to take care of your basic needs and as well as keep buying your Bitcoin more comfortably without thinking of selling too soon in order to solve your other needs problem, it will only take a longer period of time to have a good size of Bitcoin but it is better than accumulating it as a burden and later sell too soon, that is my opinion.

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