Three best ways to hold bitcoin combined.

[tabas]

I agree with you, people should have their own calculations but this topic will only be a suggestion. Someone that is earning less and not able to save much can alter the percentage a little.

It's a way to make people calculate if it's applicable for them. Because not everyone who earns a little and then reads a suggestion of doing either a DCA or a lump sum has to do it. No, no one is forced to do is. Whichever method is going to make you feel flexible in doing it, you have to do that. No one forces these strategies but we're all free to do it anytime we're compatible and have some spare to do it. But those who are determined even with so little that they have, they're not going to settle for less. They'll make a way for at least make their DCA more comfortable and that's through finding a side hustle.

[Anthony Bill]

Is it possible for poor person to be buying Bitcoin every week or every month? I have been hearing this comments from some users in this platform using DCA to buy Bitcoin every week or every month. Does it mean they don't spend money for other things. I think they are long term holder because anybody that is holding for long term have the budget to be financing the budget to be able to buy every week or every month and hold.

[henmark]

Setting aside 30% of our total money income for bitcoins will be like putting all our eggs in one basket. We should also think about some other investment sources.

For me, I would think about investing 15% of my monthly wages in bitcoins, 5% in stocks or commodities, 10% will go towards my real-estate fund. This makes me diversify my portfolio which will give profits eventually but in different intervals. Investing 30% in single asset can be a harsh decision. What if bitcoins fall below $70,000. All your investments can turn out to give you major loss and you will have to prepare yourself to hold them for a higher time period in order to make some profits. Yes, this will not happen though but still you should be prepared for worst case scenarios.

[Rockstarguy]

Is it possible for poor person to be buying Bitcoin every week or every month? I have been hearing this comments from some users in this platform using DCA to buy Bitcoin every week or every month. Does it mean they don't spend money for other things. I think they are long term holder because anybody that is holding for long term have the budget to be financing the budget to be able to buy every week or every month and hold.

Yes it is possible for some one that is poor to buy bitcoin as far as their is steady income. Bitcoin is not meant for only the rich but everyone and you don't need to buy 1 bitcoin or a big amount of Bitcoin. In bitcoin investment people invest according to what they can invest based on their income.

As for those who are earning low, you don't have to be worried because you can only afford small bitcoin, but you need to understand that their is power in consistent accumulation of bitcoin, doing this it is possible to accumulate an impressive amount of Bitcoin of bitcoin.  Poor people can invest in Bitcoin,  the most important thing is to have a better understanding and have a source of income their will be a successful investment by hodling.

[tread93]

Such good advice, but we're not sure how long this price will struggle to rise. If there is no good news coming next week, we may see further price drops.

I might be better off waiting for a much better opportunity to buy at a lower price, and I prefer to begin DCA near block halving because this is the start of a new cycle, and we may see a bearish season this coming year. DCA isn't a good idea unless you do it close to block halving.

I dont think we are going to be bearish for the rest of the year and I am hopeful that we can still see new ATHs past 126k for sure. I am hoping that we can break 150k by the end of the year. Man that would be so epic, we are going to see some insane price movement in the coming years

[imthegreat]

Have you heard about DCA which is not something that is new? Buying bitcoin like every week or every month. This is a good strategy to buy and hold bitcoin in a way you will not think of bitcoin price falling.

The second one is to average buy buying the dip. When bitcoin price fall to like $100000, you can buy bitcoin. When the price fall to like $90000, you can buy more bitcoin and do on.

The third one is lump sum when you think that bitcoin price has fallen very well, you can use the remaining part of your money to buy bitcoin.

How it works
From your 100% money you earn weekly, set 30% aside to buy bitcoin
From the 30% use just 10% from it to DCA
Use 10% to average
Use the remaining 10% which you have saved up for months to buy lump sum if bitcoin fall to like $70000.

I do not know if bitcoin will fall to $70000, but if it does not fall to that price or the price you want to lump sum, that means you still invest 20% of you money on bitcoin.

This sounds fresh and new, and... it makes sense. I think every trader or investor respects the DCA strategy because it's so easy and doesn't require chasing price movements. You could spend a minute or a month buying Bitcoin. But I don't invest like this all the time; I like to look for price bottoms, so this combination worked for me. DCA is blind to technical analysis, but I respect both approaches. And even all three.

Therefore, what you described is a strategy I'll most likely try investing with.

[OcTradism]

This sounds fresh and new, and... it makes sense. I think every trader or investor respects the DCA strategy because it's so easy and doesn't require chasing price movements. You could spend a minute or a month buying Bitcoin. But I don't invest like this all the time; I like to look for price bottoms, so this combination worked for me. DCA is blind to technical analysis, but I respect both approaches. And even all three.

Therefore, what you described is a strategy I'll most likely try investing with.

With DCA, you must do fundamental analysis in order to find cryptocurrencies that are safe for your investment, and holding in a long time. Doing own research is good but if you don't do it, let's choose Bitcoin because it has been proven as a best cryptocurrency since 2009. If your research result leads you to altcoins, be more careful with your decision as altcoins are very unsafe for DCA and long term investment.

You see how people lost big money by DCA shit coins and at the end, those altcoin projects died, price plummetted to $0.

With DCA, you don't need to do technical analysis, as said with a condition of solid fundamental analysis done before.

[qurbanshah02]

Such good advice, but we're not sure how long this price will struggle to rise. If there is no good news coming next week, we may see further price drops.

I might be better off waiting for a much better opportunity to buy at a lower price, and I prefer to begin DCA near block halving because this is the start of a new cycle, and we may see a bearish season this coming year. DCA isn't a good idea unless you do it close to block halving.

I dont think we are going to be bearish for the rest of the year and I am hopeful that we can still see new ATHs past 126k for sure. I am hoping that we can break 150k by the end of the year. Man that would be so epic, we are going to see some insane price movement in the coming years

This time Bitcoin was quite late in moving to a new point. Bitcoin will soon reach this price. After that, Bitcoin will move itself up even more because these two months will make the price of Bitcoin even better. Therefore, we should not consider Bitcoin too exciting right now. If we look at the market, Bitcoin has gradually increased its price, which is making it better. If we look at Bitcoin towards the end of the year, it will bring itself up to this point. If it develops in the same way, Bitcoin will go to a price twice as good as it was. This year, there have been many wars in the world, which have also affected the Bitcoin market, so Bitcoin can make its point at a good price this year too. This is what I am also saying that next year we will really see Bitcoin better.

[hero_the_bossman]

This sounds fresh and new, and... it makes sense. I think every trader or investor respects the DCA strategy because it's so easy and doesn't require chasing price movements. You could spend a minute or a month buying Bitcoin. But I don't invest like this all the time; I like to look for price bottoms, so this combination worked for me. DCA is blind to technical analysis, but I respect both approaches. And even all three.

Therefore, what you described is a strategy I'll most likely try investing with.

With DCA, you must do fundamental analysis in order to find cryptocurrencies that are safe for your investment, and holding in a long time. Doing own research is good but if you don't do it, let's choose Bitcoin because it has been proven as a best cryptocurrency since 2009. If your research result leads you to altcoins, be more careful with your decision as altcoins are very unsafe for DCA and long term investment.

You see how people lost big money by DCA shit coins and at the end, those altcoin projects died, price plummetted to $0.

With DCA, you don't need to do technical analysis, as said with a condition of solid fundamental analysis done before.

In big caps  - I don't think there will be a rundown back to zero in the end, but with new coins, even if they go for utility or it seems like it - most likely, it's a risky endevaour.

[_act_]

In big caps  - I don't think there will be a rundown back to zero in the end, but with new coins, even if they go for utility or it seems like it - most likely, it's a risky endevaour.

I do not trust coins that have big marketcap because some can later go in the way we may not expect, because of this I prefer to just hold bitcoin but I trade the altcoins instead with small amount of money. See how lunc disappointed people as it fall from $119.5 to $0.000005. It was among the first ten coins when it fall in 2022.

[melinoe]

I do not trust coins that have big marketcap because some can later go in the way we may not expect, because of this I prefer to just hold bitcoin but I trade the altcoins instead with small amount of money. See how lunc disappointed people as it fall from $119.5 to $0.000005. It was among the first ten coins when it fall in 2022.

What do you think about SOL, ETH, and LTC, would they go the same way eventually?

[passwordnow]

What do you think about SOL, ETH, and LTC, would they go the same way eventually?

IMHO, these three altcoins are unlikely to be like the fate of luna. ETH has been in the market for so long and it has started the altcoin craze. LTC is like a brother to BTC for being labelled as the silver of bitcoin. And with SOL, I'm not impressed with it before to be honest because of many outages that it has made but it seems that the market doesn't stick to that kind of issue as long as there's a huge support from the investors and its communities, they're going to stay for as long as it can be. Well, not a problem for btc maximalists and it's okay if that's the choice they have. As for the alt investors, you're exploring but don't forget to balance your portfolios by having btc.

[melinoe]

What do you think about SOL, ETH, and LTC, would they go the same way eventually?

IMHO, these three altcoins are unlikely to be like the fate of luna. ETH has been in the market for so long and it has started the altcoin craze. LTC is like a brother to BTC for being labelled as the silver of bitcoin. And with SOL, I'm not impressed with it before to be honest because of many outages that it has made but it seems that the market doesn't stick to that kind of issue as long as there's a huge support from the investors and its communities, they're going to stay for as long as it can be. Well, not a problem for btc maximalists and it's okay if that's the choice they have. As for the alt investors, you're exploring but don't forget to balance your portfolios by having btc.

Yeah, I do think that having mostly BTC is the way to go, but I just wondered what people think about these big caps - some think any coin is a shitcoin besides BTC, but they don't compete for a cap between one another per se, they just exist like different ecos in the wildlife.

[passwordnow]

What do you think about SOL, ETH, and LTC, would they go the same way eventually?

IMHO, these three altcoins are unlikely to be like the fate of luna. ETH has been in the market for so long and it has started the altcoin craze. LTC is like a brother to BTC for being labelled as the silver of bitcoin. And with SOL, I'm not impressed with it before to be honest because of many outages that it has made but it seems that the market doesn't stick to that kind of issue as long as there's a huge support from the investors and its communities, they're going to stay for as long as it can be. Well, not a problem for btc maximalists and it's okay if that's the choice they have. As for the alt investors, you're exploring but don't forget to balance your portfolios by having btc.

Yeah, I do think that having mostly BTC is the way to go, but I just wondered what people think about these big caps - some think any coin is a shitcoin besides BTC, but they don't compete for a cap between one another per se, they just exist like different ecos in the wildlife.

That's what they think other than BTC is a bad coin, and they're entitled for that. I think that we're already done with the era when the altcoin maximalists have been saying that the coins that they prefer are the next BTC. Because it's been proven and tested of time that none of these altcoins are going to be the same as Bitcoin. But don't be hurt whenever you see people say that because it is their opinion. You also have yours and it's up to them to respect what you think of it, so just two-way giving of respect to what investors think, we're also here in the same community owning different cryptos we like.

[AGogi2003]

I am surprised everyone is talking about the DCA strategy for Bitcoin investment but it obvious that many don't even follow this strategy for Bitcoin investment. some people would rather wait to buy the dip than to follow the DCA which is for their personal benefits. In reality, the DCA strategy is not all about buying every interval but understanding the future benefits when you accumulate for fun not for the purpose of making quick profits from your investments. People will write and express their believe and what they don't believe but still follow the contrary view without relenting because all they care is to make profits.

Sure, you are right but mostly many people always used the DCA method because anyone that is news to bitcoin will always like to used DCA method to invest because that is the best and can always minimize your risk then losing alot. Let was always be patient enough on anything we do and we will surely achieve our goals, bitcoin investment is the best coin to invest and get profit and if you have other sources of income you should be doing so that you can be topping your bitcoin investment always when ever you receive your income and you can but some of your income and top your investment so that anytime he increases you can get huge profit when the price increases.

Some investors prefer to take high risk and that is why they always invest in other meme coins to get huge profit and you can't guarantee of getting profits because is not like bitcoin and you can invest without getting profits you will just lose everything.

[Crakryptvest]

very good information, in my point of view among these strategies the best is DCA, unlike every other strategy that only the rich has access to, the DCA strategy allows average individuals as well to be able to invest in bitcoin. And in general any individual investing with DCA does not have to worry about price volatility, and making emotional decision like selling your coin too early.
DCA is a simple strategy that does not require constant market monitoring or complex analysis, so its makes it easy for individuals to invest without stress and difficulty

[Localhostspeed]

What do you think about SOL, ETH, and LTC, would they go the same way eventually?

IMHO, these three altcoins are unlikely to be like the fate of luna. ETH has been in the market for so long and it has started the altcoin craze. LTC is like a brother to BTC for being labelled as the silver of bitcoin. And with SOL, I'm not impressed with it before to be honest because of many outages that it has made but it seems that the market doesn't stick to that kind of issue as long as there's a huge support from the investors and its communities, they're going to stay for as long as it can be. Well, not a problem for btc maximalists and it's okay if that's the choice they have. As for the alt investors, you're exploring but don't forget to balance your portfolios by having btc.

I check luna price and it's nothing different from what happened to Mantra, an insider the team trusted dump the coins on the market and very well, it did collapse. Like the trust of that coin is completely lost, there is nothing the team is doing now that is going to bring back the trust that is already broken but nobody is looking into the coin again, some people believed that the dump was mastermind by the team only to lie to the public about the scam.

There is always a difference between the team that launched project and survive the tension of the market and was able to reach this stage and the new teams that are launching project these days. You can't see a project that has lasted for different bull run to collapsed now, it's always the newly launched coins. Only fews are hack and scam exit but hacked are more popular due to lack of proper audit by the team or sometime it's due to the team negligence.

[Hamza2424]

How it works
From your 100% money you earn weekly, set 30% aside to buy bitcoin
From the 30% use just 10% from it to DCA
Use 10% to average
Use the remaining 10% which you have saved up for months to buy lump sum if bitcoin fall to like $70000.

I do not know if bitcoin will fall to $70000, but if it does not fall to that price or the price you want to lump sum, that means you still invest 20% of you money on bitcoin.

Not so convincing but are you actually following this strategy, although the prices are not below $100k now but bro, I don't think this strategy is good, just do DCA, buy whenever you get your salary, distribute some part into bitcoin, the one that you don't care to lose.

Don't forget to keep some funds aside before investing, like you have to manage your finances in a way that you must have some funds in your emergency, call them emergency funds, it is not savings, these funds are essential and only be used when needed most like an emergency. Not to buy in dip.

[Cgrexp]

For most new or regular people, a large lump sum is not an option. New investors are usually used to making small purchases from their regular cash flow. So, there are trade-offs between buying outright with the money they have now, buying small amounts regularly, and buying when the price drops. For example, waiting for dips may not always bring the price down, which delays the purchase. So, buying according to regular cash flow is usually more practical for new investors because it reduces the stress of waiting for their lump sum and makes it easier to manage their cash flow. For new investors, having a separate fund for the dips strategy can sometimes be emotionally satisfying, but it is often not necessary. The money they save for dips can be used to make weekly purchases, but it is possible to get the same results. So, new investors should tailor their strategy according to their cash flow and level of aggressiveness so that they understand when to buy and when not to buy, and how effective it is to have extra money for dips. New investors can often find regular purchases more practical due to the lack of lump sums.  Waiting for dips can be emotionally satisfying, but it's not always necessary. The main goal is to make the right adjustments based on your cash flow and investment aggressiveness.

[Powerjumboo]

Is it possible for poor person to be buying Bitcoin every week or every month? I have been hearing this comments from some users in this platform using DCA to buy Bitcoin every week or every month. Does it mean they don't spend money for other things. I think they are long term holder because anybody that is holding for long term have the budget to be financing the budget to be able to buy every week or every month and hold.

Of course, it is possible for poor people to invest if they have good intentions. Maybe not everyone here is from a rich family, I think there are people from poor families here, but do they invest, of course they invest. In fact, we make ourselves poor. There is no specific limit here that we have to invest within this limit. I can invest as much as I can afford, it is my personal will. Now, if I save some money from my income and invest in Bitcoin instead of wasting it, then it will be more effective for me and my investment will support me a lot in the future. So it does not matter whether we are rich or poor, if we have the desire to invest, then of course we can invest, and if we do not have the desire to invest, then even if we are rich, we cannot do it.