Bitcoin Deposit Strategy for Beginners!

[Mayor of ogba]

Some people can be patient, wait and let the bear market comes before they start DCA.

I think waiting for the bear market to come before an investor starts his bitcoin investment with the DCA strategy is not a good option, and it might delay his bitcoin accumulation journey because he is not certain if the bear market will happen today or tomorrow. Since an investor will be accumulating bitcoin with the DCA strategy, it would be better if he starts accumulating bitcoin right away when his money is readily available either on a weekly or monthly basis, which will allow him to accumulate bitcoin even when it is in a bullish or bearish state. But if the investor is very concerned about accumulating bitcoin in the bear market, he can divide his bitcoin accumulation money into two equal parts, which will allow him to use one part and start accumulating bitcoin without waiting for the bear market to come, and use the second part to accumulate bitcoin when there's a bear market, which will allow him to take advantage of the market.

[Ricardo11]

Some people can be patient, wait and let the bear market comes before they start DCA.

I think waiting for the bear market to come before an investor starts his bitcoin investment with the DCA strategy is not a good option, and it might delay his bitcoin accumulation journey because he is not certain if the bear market will happen today or tomorrow. Since an investor will be accumulating bitcoin with the DCA strategy, it would be better if he starts accumulating bitcoin right away when his money is readily available either on a weekly or monthly basis, which will allow him to accumulate bitcoin even when it is in a bullish or bearish state. But if the investor is very concerned about accumulating bitcoin in the bear market, he can divide his bitcoin accumulation money into two equal parts, which will allow him to use one part and start accumulating bitcoin without waiting for the bear market to come, and use the second part to accumulate bitcoin when there's a bear market, which will allow him to take advantage of the market.

Yes I agree with you, an investor should not wait for a bear market to invest, because we can never be sure that the bitcoin market will go down in the future, the bitcoin market may go up instead of down, it just Only we will continue to lose good investment opportunities. So whatever the price, we just have to buy only, and think that the price you are buying Bitcoin at the moment is the best price to buy. And we really need to follow DCA to invest in Bitcoin, if we invest in Bitcoin through DCA it will give us average value in long term, so we can be more profitable. So follow DCA and plan for long term holding, you will definitely succeed.

[laijsica]

Some people can be patient, wait and let the bear market comes before they start DCA.

I think waiting for the bear market to come before an investor starts his bitcoin investment with the DCA strategy is not a good option, and it might delay his bitcoin accumulation journey because he is not certain if the bear market will happen today or tomorrow. Since an investor will be accumulating bitcoin with the DCA strategy, it would be better if he starts accumulating bitcoin right away when his money is readily available either on a weekly or monthly basis, which will allow him to accumulate bitcoin even when it is in a bullish or bearish state. But if the investor is very concerned about accumulating bitcoin in the bear market, he can divide his bitcoin accumulation money into two equal parts, which will allow him to use one part and start accumulating bitcoin without waiting for the bear market to come, and use the second part to accumulate bitcoin when there's a bear market, which will allow him to take advantage of the market.

Yes I agree with you, an investor should not wait for a bear market to invest, because we can never be sure that the bitcoin market will go down in the future, the bitcoin market may go up instead of down, it just Only we will continue to lose good investment opportunities. So whatever the price, we just have to buy only, and think that the price you are buying Bitcoin at the moment is the best price to buy. And we really need to follow DCA to invest in Bitcoin, if we invest in Bitcoin through DCA it will give us average value in long term, so we can be more profitable. So follow DCA and plan for long term holding, you will definitely succeed.

It can be really great if investors don't wait for bearishness and start DCA with the amount of discretionary money. See Bitcoin price touched ATH today and trending to touch skyrocketing price with great speed. Investors who started DCA even 6 months ago consider their portfolio how much Bitcoin they have accumulated and how much they will tend to accumulate more as the price increases as they are more incentivized to increase their Bitcoin holdings.

Currently increasing Bitcoin holdings by buying more during price increases suggests a continuous increase as you try to stick to your strategy and stick to the DCA method regardless of price. Bearishness may still exist for more holdings in the near future and a $220 Bitcoin price forecast by 2025 may be quite reasonable.

[dzungmobile]

Yes I agree with you, an investor should not wait for a bear market to invest, because we can never be sure that the bitcoin market will go down in the future, the bitcoin market may go up instead of down, it just Only we will continue to lose good investment opportunities.

They can not identify it's a bear market, a bottom of bear market when it's on going and months later when it realized bear market completed and Bitcoin already rallied a lot from its bottom, they missed the bear market and bottom range for purchases.

They can not "time the market" and if they want to find bottom, absolute bottom literally, they will miss many opportunities like you said.

So whatever the price, we just have to buy only, and think that the price you are buying Bitcoin at the moment is the best price to buy. And we really need to follow DCA to invest in Bitcoin, if we invest in Bitcoin through DCA it will give us average value in long term, so we can be more profitable. So follow DCA and plan for long term holding, you will definitely succeed.

DCA is a strategy for purchasing gradually with time, and it helps you to from missing opportunities.

DCA for purchasing bitcoin, storing bought bitcoin in open source non custodial wallet, and holding it, you will succeed in Bitcoin investment adventure.

[AYOBA]

Bitcoin investment opportunity can be more fruitful for the newbie if he can adopt proper strategy like setting aside a portion of his income every week and keep it as small as $10-$20 per week. Also if this amount is not possible it can be $5-$10 and the deposit amount can be increased every year with increase in salary. Let's say if he can add another $10 or more every year then his deposit will continue to grow and if he decides to keep depositing bitcoins for at least a 5 year cycle then he will be a normal level holder if not a huge amount. possible You can get a more clear idea through a column below.

Yeah this is good strategy for a beginner’s, but I think the best method is by using the Dollars cost average (DCA) that’s main method most of peoples are using to accumulate more Dallas that they will hold for long periods of time, the way price of bitcoins is going on currently those that have hold bitcoin when the price is still low price are the one that will gain huge profits this day’s.

Furthermore, accumulate a Bitcoins is still nevertheless but there’s know any way a person can person accumulate Bitcoin without involve money, because of there’s know money they will be know way we can able to accumulate much Bitcoins that we can even hold for long periods of times.

[batang_bitcoin]

Furthermore, accumulate a Bitcoins is still nevertheless but there’s know any way a person can person accumulate Bitcoin without involve money,

It is very simple, you cannot accumulate anything, Bitcoins or any altcoins without having money. Unless you trade something valuable or has monetary value for it, that's the other way for it because everything is involving money through it.

because of there’s know money they will be know way we can able to accumulate much Bitcoins that we can even hold for long periods of times.

Well, you're underestimating everyone who has accumulated Bitcoin and held for a long time. Everyone can hold for a long period of time because it's very easy. I, myself did it and is still doing it because that's the most rewarding thing to do on this market. Take note about that it's for Bitcoin and not a lot of altcoins because there will be suggestions to say that also hold random shitcoins out there but it's more of a gamble.

[CryptopreneurBrainboss]

Furthermore, accumulate a Bitcoins is still nevertheless but there’s know any way a person can person accumulate Bitcoin without involve money, because of there’s know money they will be know way we can able to accumulate much Bitcoins that we can even hold for long periods of times.

Depends on what you consider money to be, you can accumulate Bitcoin with you time and with other resource that you have that isn't money. Money only makes it easier but when you don't have it you shouldn't be idol and expect Bitcoin to be in your wallet.

Go out and do some works and you can demand to be paid using Bitcoin. There are some enthusiast who'll be willing to spend their Bitcoin by paying you for yours service. As you're enrolled in a campaign and being paid in Bitcoin, you can use that signature payment as your source of accumulating Bitcoin while you use other money that you receive from other hustle to take care of yourself.

Doing this will make you to not touch the Bitcoin that you're accumulating through the signature campaign or other hustle that you can do on or off the forum.

[Zigabel]

This is a very good and effective way of stacking up especially for newbies but for those who have got huge holdings and would want to get into the Bitcoin market already, grey may not need go through this DCA hassle except they would want to DCA on a different scale probably with higher units stacking where they can end up with very huge stacking long after a whole while but with this smaller units, most definitely its not going to be same as those stacking at higher and bigger units all at once.

[Nwada001]

This is a very good and effective way of stacking up especially for newbies but for those who have got huge holdings and would want to get into the Bitcoin market already, grey may not need go through this DCA hassle except they would want to DCA on a different scale probably with higher units stacking where they can end up with very huge stacking long after a whole while but with this smaller units, most definitely its not going to be same as those stacking at higher and bigger units all at once.

The buying approach that has been suggested by the OP should only be applicable based on the investor's wealth; they could either invest with a much higher amount depending on what they can spare out from their earnings or they could also decrease it to a more sustainable amount as long as it's what they can afford, so even the big companies and big names that DC can go in with millions, but at the end of the day they are all trying to achieve the same goal (accumulate as much as possible as they can). 

[rachael9385]

Bitcoin investment opportunity can be more fruitful for the newbie if he can adopt proper strategy like setting aside a portion of his income every week and keep it as small as $10-$20 per week. Also if this amount is not possible it can be $5-$10 and the deposit amount can be increased every year with increase in salary. Let's say if he can add another $10 or more every year then his deposit will continue to grow and if he decides to keep depositing bitcoins for at least a 5 year cycle then he will be a normal level holder if not a huge amount. possible You can get a more clear idea through a column below.

This is the right strategy to follow but then what if the person is not working how would they apply this methods?

Exactly what I wanted to ask the OP.
However, we need to know that without salaries (let's say anything that would give us money) we can not invest on Bitcoin. Actually, I have also seen were some folks sold part of their properties to buy (invest) Bitcoin. But my question is, what if they do not have any other thing to sell, will they stop to invest on Bitcoin and sell the Bitcoin they have bought?
Perhaps, the type of strategy the OP suggested is called a DCA method, but we need to understand that applying any method for investment is not the issue, the main thing is that the investor also needs a means of making money before he could buy/invest on Bitcoin if not he or she will not hesitate to sell his assets when he encounters a little difficulty.

[Perfectbaby]

Bitcoin investment opportunity can be more fruitful for the newbie if he can adopt proper strategy like setting aside a portion of his income every week and keep it as small as $10-$20 per week. Also if this amount is not possible it can be $5-$10 and the deposit amount can be increased every year with increase in salary. Let's say if he can add another $10 or more every year then his deposit will continue to grow and if he decides to keep depositing bitcoins for at least a 5 year cycle then he will be a normal level holder if not a huge amount. possible You can get a more clear idea through a column below.

This is the right strategy to follow but then what if the person is not working how would they apply this methods?

Exactly what I wanted to ask the OP.
However, we need to know that without salaries (let's say anything that would give us money) we can not invest on Bitcoin. Actually, I have also seen were some folks sold part of their properties to buy (invest) Bitcoin. But my question is, what if they do not have any other thing to sell, will they stop to invest on Bitcoin and sell the Bitcoin they have bought?
Perhaps, the type of strategy the OP suggested is called a DCA method, but we need to understand that applying any method for investment is not the issue, the main thing is that the investor also needs a means of making money before he could buy/invest on Bitcoin if not he or she will not hesitate to sell his assets when he encounters a little difficulty.

Those who sells their personal property are risk taker although it's very hard to sell of one personal belongings to buy bitcoin, but then what is the real purpose why they are investing?
It's because investment would serves as a backup to them whenever they are in need or tight corner, but then some people do not want to temper with their investment instead they would prefer selling off their personal belongings to make sure they have some portion of bitcoin as an investment which is a good thing they have done for themselves but then, it doesn't make sense if the investment they are making can not save them when they are in need for urgency.

[KingsDen]

There's something I discovered about DCA. I can call it the dark side of BTC. I introduced someone to Bitcoin and the person has fiat to buy on a spot but was not so confident. I also explained to him how US elections was going to affect the cryptocurrency price. So, the question was if to buy at once at 67k or go with DCA incase the outcome of USA election. Finally, he settled with using DCA, within one week, the price hit 89k, now he is regretting seriously of not going in once. I had nothing to say, but I asked him to imagine that after buying at once the price retraced to 50k.
Every method has their pros and cons.

[arjunmujay]

Bitcoin investment opportunity can be more fruitful for the newbie if he can adopt proper strategy like setting aside a portion of his income every week and keep it as small as $10-$20 per week. Also if this amount is not possible it can be $5-$10 and the deposit amount can be increased every year with increase in salary. Let's say if he can add another $10 or more every year then his deposit will continue to grow and if he decides to keep depositing bitcoins for at least a 5 year cycle then he will be a normal level holder if not a huge amount. possible You can get a more clear idea through a column below.

This is the right strategy to follow but then what if the person is not working how would they apply this methods?

Exactly what I wanted to ask the OP.
However, we need to know that without salaries (let's say anything that would give us money) we can not invest on Bitcoin. Actually, I have also seen were some folks sold part of their properties to buy (invest) Bitcoin. But my question is, what if they do not have any other thing to sell, will they stop to invest on Bitcoin and sell the Bitcoin they have bought?
Perhaps, the type of strategy the OP suggested is called a DCA method, but we need to understand that applying any method for investment is not the issue, the main thing is that the investor also needs a means of making money before he could buy/invest on Bitcoin if not he or she will not hesitate to sell his assets when he encounters a little difficulty.

Those who sells their personal property are risk taker although it's very hard to sell of one personal belongings to buy bitcoin, but then what is the real purpose why they are investing?
It's because investment would serves as a backup to them whenever they are in need or tight corner, but then some people do not want to temper with their investment instead they would prefer selling off their personal belongings to make sure they have some portion of bitcoin as an investment which is a good thing they have done for themselves but then, it doesn't make sense if the investment they are making can not save them when they are in need for urgency.

choosing investment by selling something he owns in my opinion is the wrong way. it is true, when the bullrun the value to be invested becomes more, but it also needs to be taken into account when the market is falling far. and at that time we also need money. of course it will be a serious problem.

therefore, it would be better if the investment would not make us think about whether it is bullrun or bearish. just keep investing no matter what happens until the investment target is achieved.

[SquirrelJulietGarden]

However, we need to know that without salaries (let's say anything that would give us money) we can not invest on Bitcoin. Actually, I have also seen were some folks sold part of their properties to buy (invest) Bitcoin. But my question is, what if they do not have any other thing to sell, will they stop to invest on Bitcoin and sell the Bitcoin they have bought?

Don't use all money, capital you have for any investment, and always remember the saying "Don't put all your eggs in one basket"!

Investment in Bitcoin is a great decision, it's good way of investment to be richer but it relates to many things: your family and individual financial resource for many things: daily, monthly spending, utility bills, emergency and investment, even more things.

So you will have to reserve your individual and family capital in different parts for different things mentioned above. Investment capital is only one part of your capital, by this capital management, you will not have to sell your bitcoin for cash because you always have empty hands after investing in bitcoin.

[Emjay24]

From what I've learnt, think for newbies, the most important thing is for them to figure out what plans works for them based on the amount of discretionary income available to them. If none, they should work on expanding their cash flow to contain their investment, rushing to invest without first considering your cash flow and presence of discretionary income would force the new investor to fall back to his investment for survival since there is no proper foundation for their investment and that is betraying your investment even before it started.

[DubemIfedigbo001]

Some kind of strategy is better than none, but the biggest problem for those who practice DCA is maintaining continuity even when it seems that such a strategy no longer makes sense. Likewise, life is unpredictable and it may happen that we urgently need money or we have lost our job - but we can always start anew or continue investing at a favorable moment.

This is why it is important to build your emergency funds alongside your investment. In cases like this the investor is expected to fall back to his emergency fund and survive on that for the time being while he looks eagerly for a new source of livelihood. Of course, it is possible that the investor can exhaust his emergency fund without finding his feet, then he obviously has no other option than liquidating part of his investment for survival, but in the case that he finds his feet before his emergency funds gets depleted, then he's lucky and his emergency funds has served its purpose and investment saved.

I think that it is important for young people who are just starting an independent life to think about their future outside the box and not rely only on the fact that one day they will retire and that they will live on what the state will pay them every month. I know a lot of people who have worked for 40 years, and today they don't even have enough for a modest life.

Be smart and look for ways to prevent this from happening to you - of course, don't put all your eggs in the same basket - as there are other investments worth investing in.

Definitely, one doesn't have to grow old before getting financially aware and looking for ways to secure his financial future to aid him in later days and yes I am advocate of diversification, but not so much for easy monitoring and accountability. I tend to look favorably at agriculture and real estate while also investing seriously in bitcoin.

[ndutndut]

This is a very good and effective way of stacking up especially for newbies but for those who have got huge holdings and would want to get into the Bitcoin market already, grey may not need go through this DCA hassle except they would want to DCA on a different scale probably with higher units stacking where they can end up with very huge stacking long after a whole while but with this smaller units, most definitely its not going to be same as those stacking at higher and bigger units all at once.

In investing in the crypto world, we must first change our mindset, what we should get and what our targets are. Of course, not always pursuing quick profits. However, how to invest in crypto for the long term to be effective in building wealth and achieving our financial goals in the future. And with a DCA strategy like this, it is indeed very appropriate for beginners and those who are experienced in investing in bitcoin in the long term.

Because this DCA method is a Bitcoin investment strategy that is suitable for all traders because it can help build our portfolio gradually and of course can be controlled. The DCA method also eliminates the emotional aspect of trading, you don't care about the price, you buy when the time comes and you keep it and that's an investment.