Three best ways to hold bitcoin combined.

[Tmoonz]

Waiting for the dip before buying is not just pathetic, but it's even more unwise if you a low coiner or you are just starting out your bitcoin accumulation, because your focus then should only be buying and building a reasonable stash of bitcoin, not waiting for Bitcoin to dip first before buying, because no one knows when the dip may come.
So waiting will only delay your Bitcoin accumulation, because it is a wrong way to build a big stash of bitcoin, since the size of your stash will determine how successful you are going to be in the future.

If you encounter people who are waiting for the Bitcoin price to drop like that, just ask them how brave they are to buy and how much. I'm pretty sure such people wouldn't dare buy when they see the Bitcoin price drop, and they'd even prefer to find other reasons not to buy Bitcoin. For example, even though Bitcoin has already experienced a drop, people who still have a wait-and-see mindset clearly won't dare to buy more Bitcoin because their mindset is usually more about fear of buying Bitcoin than about buying Bitcoin.

I agree with you, it is very difficult for anyone claiming to be waiting for the price to drop before they can buy to actually buy even when this drop occurs because of the fear that it could keep dropping to dust and at that point they will feel stupid and foolish to buy, while those who doesn't wait for a drop before they can buy will be taken advantage of drops whenever they occurs as a consideration of buying at a discounted price, those with the mindset of fear will always have excuses to defend their actions instead they will prefer to be looking at others buying as they keep procrastinating.

[Orpichukwu]

The best way which I use  to hold Bitcoin is by combining three things. First which is using the DCA method consistently,. secondly  is by building an emergency fund, this help not sell off my Bitcoin  stash during unexpected situations and thirdly is  self-custody This  gives me full control of my holdings. When these three work together, I'm not just buying Bitcoin I'm building a stronger and more sustainable investment strategy.

DCA, which is the best accumulative strategy for you, helps, and the backup fund is recommending like 2-5 months of your monthly salary in reserve in case you lose your job; you will have enough to settle bills until you get something else fixed.

All the above can help you accumulate and hold it, but where it gets funny is if you lack control and self-confidence and get easily moved and controlled by the media, you will easily fall into the trap of panic selling. The best thing you can do is try to disable everything sending a live price tracker directly to your device, as that could affect you mentally to make some sell decisions you could have avoided if you were not seeing the price go down.

[Popkon6]

The best way which I use  to hold Bitcoin is by combining three things. First which is using the DCA method consistently,. secondly  is by building an emergency fund, this help not sell off my Bitcoin  stash during unexpected situations and thirdly is  self-custody This  gives me full control of my holdings. When these three work together, I'm not just buying Bitcoin I'm building a stronger and more sustainable investment strategy.

This kind of opportunity should be utilized, everyone should utilize this opportunity as the Bitcoin market is currently going through a dip. Now is the best time to increase your Bitcoin holdings, but according to the DCA method, holding Bitcoins for the future is the easiest plan for you under any circumstances and at any time. To implement this plan, you must follow more strategies to hold on to the future days by taking whatever steps you can, here you must urgently form a fund to hold Bitcoins for a long time. If you follow all these things, then it will be very easy for you to protect your Bitcoins for a long time and achieve success.

[Livingleged]

~snip
Personally I don't think that it's a good idea to remove 30% of your net income with the purpose of investing with it when you have not taken care of your basic needs first, because by doing that, you may miscalculate, and falls back to your investment, so it's better to take proper care of your basic needs first, then anything that is left, which is your discretionary income is what you can invest with, or invest with it the way you illustrated above, even though I don't buys the idea.

I kind of look at it in a different  perspective, investing  30% of income  will work just perfectly  for some people  but it may not work for some. Reason  being  that income  varies  if your income are that high  investing  30% of it won't be a problem  at all because  your income will be just enough  to have basic  needs and also provide  you with a very high  discretionary  income for your investment.

It's mandatory that you put down your emergency and reserve funds from the discretionary income left, and you always must make provisions for your discretionary income for consumption, because at a point in your investment journey, you will want to buy some things that are important but are not part of your basic needs. So I don't think that this your idea is perfect, especially the part where you remove 30% from your net income to invest with, instead of taking care of your basic needs first before investing with what's left

All this can be done with  ease  if your income are high while I also think  its  not mandatory  to have emergency  funds immediately, you can actually just go about your investment if you can just have discretionary  I come even without  emergency  but you should make plan for the emergency  fund in the process  of accumulation so that when the need arise  as your investment  will not be at risk of losing  it shape.

[KeenanEl19]

Yes, what I mean is like just waiting for the price to go down to buy it, on the other hand we haven't accumulated Bitcoin at all. when the price goes down, either immediately with a large amount or gradually, but we don't know when the price will go down and if it is going down there is still a possibility that it will not immediately go up again. So if you really haven't accumulated Bitcoin before, start immediately.

Waiting for the dip before buying is not just pathetic, but it's even more unwise if you a low coiner or you are just starting out your bitcoin accumulation, because your focus then should only be buying and building a reasonable stash of bitcoin, not waiting for Bitcoin to dip first before buying, because no one knows when the dip may come.
So waiting will only delay your Bitcoin accumulation, because it is a wrong way to build a big stash of bitcoin, since the size of your stash will determine how successful you are going to be in the future.

I agree with your opinion that we should focus more on consistent purchases and be able to hold it, with us being able to be consistent in purchasing this is one of the right actions in investing such as for example we buy it on a monthly basis where when we receive a salary from work and all needs have been met then there are discretionary funds that we can use to buy or invest.

And DCA is one of the strategies that we can use because it is based on what we can afford. As the OP said 'DCA It's a good strategy to buy and store Bitcoin so you won't worry if the price drops.' In addition, this is a strategy that is suitable for anyone, including beginners.

[Olatundespo]

Waiting for the dip before buying is not just pathetic, but it's even more unwise if you a low coiner or you are just starting out your bitcoin accumulation, because your focus then should only be buying and building a reasonable stash of bitcoin, not waiting for Bitcoin to dip first before buying, because no one knows when the dip may come.
So waiting will only delay your Bitcoin accumulation, because it is a wrong way to build a big stash of bitcoin, since the size of your stash will determine how successful you are going to be in the future.

If you encounter people who are waiting for the Bitcoin price to drop like that, just ask them how brave they are to buy and how much. I'm pretty sure such people wouldn't dare buy when they see the Bitcoin price drop, and they'd even prefer to find other reasons not to buy Bitcoin. For example, even though Bitcoin has already experienced a drop, people who still have a wait-and-see mindset clearly won't dare to buy more Bitcoin because their mindset is usually more about fear of buying Bitcoin than about buying Bitcoin.

I agree with you, it is very difficult for anyone claiming to be waiting for the price to drop before they can buy to actually buy even when this drop occurs because of the fear that it could keep dropping to dust and at that point they will feel stupid and foolish to buy, while those who doesn't wait for a drop before they can buy will be taken advantage of drops whenever they occurs as a consideration of buying at a discounted price, those with the mindset of fear will always have excuses to defend their actions instead they will prefer to be looking at others buying as they keep procrastinating.

That's right. Investors who wait for Bitcoin to fall further are afraid that they will lose their capital if the price falls further. For investors, this kind of attitude narrows their investment horizons because they don't find the right time to invest.

DCA method Bitcoin accumulation strategy encourages you to stay invested for the long term, regardless of the price. If you don't have available funds, this strategy will continue to grow your Bitcoin holdings through discretionary income.

More regrets may arise for those panicked individuals when the price gradually increases and they think that they will buy when the price drops again, but they are only wasting time and missing out on important Bitcoin events.

[Futurexxx]

That's right. Investors who wait for Bitcoin to fall further are afraid that they will lose their capital if the price falls further. For investors, this kind of attitude narrows their investment horizons because they don't find the right time to invest.

I don't think so actually, because an investor that thinks that buying only when the price of Bitcoin is down, shows that the said person is a trader that thought that he or she can outsmart the market, or he can make more profit by waiting for the dip, without acknowledging the fact that he might lose so many buying opportunities that he would have used to accumulate a huge stash of Bitcoin.

If it's because of fear of losing their capital that is making them waiting for the dip before buying, what is the assurance that the value of Bitcoin wouldn't drop further?
So I think that such person that is waiting for the dip before buying is more of profit oriented than fearing to lose his capital.

[Hardyrobust]

That's right. Investors who wait for Bitcoin to fall further are afraid that they will lose their capital if the price falls further. For investors, this kind of attitude narrows their investment horizons because they don't find the right time to invest.

I don't think so actually, because an investor that thinks that buying only when the price of Bitcoin is down, shows that the said person is a trader that thought that he or she can outsmart the market, or he can make more profit by waiting for the dip, without acknowledging the fact that he might lose so many buying opportunities that he would have used to accumulate a huge stash of Bitcoin.

If it's because of fear of losing their capital that is making them waiting for the dip before buying, what is the assurance that the value of Bitcoin wouldn't drop further?
So I think that such person that is waiting for the dip before buying is more of profit oriented than fearing to lose his capital.

The main reason why most people like to wait for bitcoin to dip before they buy is because they want to buy when they feel the market is secure and favourable for them. So , traders mostly used this method to try to outsmart the market. They try to time the market to enter when it is favourable for them to buy low and to sell when the market seen okay for them. Fear of not losing ones income can also be part of the reason why people wait for the dip but this set of people are traders and not investor.

[PhilosopherKing]

The main reason why most people like to wait for bitcoin to dip before they buy is because they want to buy when they feel the market is secure and favourable for them. So , traders mostly used this method to try to outsmart the market. They try to time the market to enter when it is favourable for them to buy low and to sell when the market seen okay for them. Fear of not losing ones income can also be part of the reason why people wait for the dip but this set of people are traders and not investor.

No person can outsmart the market, the more person will try the more they will keep failing because bitcoin price is always in a constant flux . The price of bitcoin moves wildly because it is volatile. Timing market is very stressful thing to do, and a person that is waiting for the dip to come can endlessly keep waiting because the price ongoingly moves and it dosen't stay the same forever. And that is why ongoing investment always beat waiting for the price to fall before buying.

Ongoing accumulation will make person to build their bitcoin stash up and up even though there is volatility.

[l99l]

I actually follow similar strategies, even if I don't plan them out systematically. As my money increases, I buy Bitcoin, doing DCA  regardless of the price.
If I also have some fiat money savings, I buy more during sharp drops. To increase my Bitcoin holdings, I should actually sell at good prices, but I don't dare. I have good predictions, but if I did, I could own even more Bitcoin. And I would honestly enjoy the thrill of trading.

[HONDACD125]

That's right. Investors who wait for Bitcoin to fall further are afraid that they will lose their capital if the price falls further. For investors, this kind of attitude narrows their investment horizons because they don't find the right time to invest.

I think it's just an attempt to buy at a lower price to get better profits when the price goes up, and this is mostly done by investors who prefer buying at once instead of going with the DCA method which can allow an investor to keep buying bitcoins in portion with their capital or whatever investment amount they allocate for this. An investor who prefers DCA will surely not wait for a better price because they would know that they will be buying even if the price drops further and they will buy right now as well so that they can have more bitcoins in their bag. This strategy saves invesors from missing buying opportunities because we know the market is unpredictable and can go in any direction at any time.

So I don't think such investors are afraid to lose their capital, but they just want to make the best out of whatever amount they have as their capital because not everyone can have high capital to invest in Bitcoin or be able to do DCA because for someone to continue buying Bitcoin at a fixed interval, they either need a good enough capital or a good source of income which allows them to allocate a percentage of their earnings towards their Bitcoin investments.

[Rabata]

That's right. Investors who wait for Bitcoin to fall further are afraid that they will lose their capital if the price falls further. For investors, this kind of attitude narrows their investment horizons because they don't find the right time to invest.

So I don't think such investors are afraid to lose their capital, but they just want to make the best out of whatever amount they have as their capital because not everyone can have high capital to invest in Bitcoin or be able to do DCA because for someone to continue buying Bitcoin at a fixed interval, they either need a good enough capital or a good source of income which allows them to allocate a percentage of their earnings towards their Bitcoin investments.

DCA does not require large capital or a very good income source. This idea can actually hinder beginners with low income from starting. What is needed to do DCA is discretionary income. Even those with low income and no good income source can start small with discretionary income by excluding their expenses. DCA encourages all investors, rich or poor, regular and irregular, to start with small amounts. You just have to consider your own financial situation and set aside your discretionary income. The DCA strategy allows an investor to start with $10, $20 or even a very small amount, if that is his discretionary income.

So if you can consistently save just $10 or $20 a week, that can also be DCA, as long as you are not wasting your cash flow and are not putting the necessary money into Bitcoin.

[Bobrox]

I actually follow similar strategies, even if I don't plan them out systematically. As my money increases, I buy Bitcoin, doing DCA  regardless of the price.
If I also have some fiat money savings, I buy more during sharp drops. To increase my Bitcoin holdings, I should actually sell at good prices, but I don't dare. I have good predictions, but if I did, I could own even more Bitcoin. And I would honestly enjoy the thrill of trading.

I think is good ideas how to manage well investing in bitcoin without become long term holder, right now bitcoin drop significant if get chance to buy at lower price don't be loyal keep holding it for long term. Take profit as much as possible and then have chance to buy back because bitcoin not really stable dominance will raise up forever has moment at downtrend, in my opinion investing in bitcoin have braveness to take profit don't talking about hold only.
Purpose of the goal for investing in bitcoin how to earn profit not to be for how long become the holder, you can hold bitcoin if investing at cheapest price but have chance to sell during higher price and percentage profitable earn more than 30% why still have to hold. Not enough how many time bitcoin correction during last several years after success hitting new ATH and need long moment recovery to higher price back?

[Livingleged]

I think is good ideas how to manage well investing in bitcoin without become long term holder, right now bitcoin drop significant if get chance to buy at lower price don't be loyal keep holding it for long term. Take profit as much as possible and then have chance to buy back because bitcoin not really stable dominance will raise up forever has moment at downtrend, in my opinion investing in bitcoin have braveness to take profit don't talking about hold only.
Purpose of the goal for investing in bitcoin how to earn profit not to be for how long become the holder, you can hold bitcoin if investing at cheapest price but have chance to sell during higher price and percentage profitable earn more than 30% why still have to hold. Not enough how many time bitcoin correction during last several years after success hitting new ATH and need long moment recovery to higher price back?

Your first paragraph  was well said and true although I don't fully agree with the last statement which  you said "braveness to take profit don't talking about hold only" when investment is going  on profit  taking  should  not even be the part of the plan, bitcoin  investment  should be regarded  as form of store of value  that builds  wealth in the future  and not taking  profits at any given  time, you may want to start  taking  profit at some point  but it might  disrupt  your investment  plan and you will be more of like  a trade immediately  you consider  taking  profits, bitcoin  investment  has different  phase  there is learning  and accumulation  at the very beginning then the maintenance  phase  and then the withdrawal  plans comes  at last its not advised  to take profit  while  investing.

[Ayebabara]

When talking about ways of holding Bitcoin combined, I think we should first of all think about the comfortable living of one's life on their daily means of survival.
Because without money or fiat currency, one can never buy Bitcoin excessively not to talk about holding for a long period of time. Bitcoin miners have a lot of expenses to cover through their means of power supply through mining. If an investor have the opportunity to buy Bitcoin in bulk when the prices drops and also have extra income to manage the daily life expenditures, then one can keep holding as long as he wants. Another way is that people with enough money can buy Bitcoin regardless of the price and keep holding them for a higher price or in a percentage that is highly profitable or using the DCA method where an investor can keep buying Bitcoin in portion with their capital in every investment.one must have regular electric supply either electrical or solar source but all in high price so one can be able to cover these expenditures before thinking of holding Bitcoin for a period of long time.
Some people have sources of income which keeps them in standard supply of every of their needs and they can apply every strategies in either buying and selling or holding without fear in the future of Bitcoin or cryptocurrency.

[Loyang]

I think is good ideas how to manage well investing in bitcoin without become long term holder, right now bitcoin drop significant if get chance to buy at lower price don't be loyal keep holding it for long term. Take profit as much as possible and then have chance to buy back because bitcoin not really stable dominance will raise up forever has moment at downtrend, in my opinion investing in bitcoin have braveness to take profit don't talking about hold only.
Purpose of the goal for investing in bitcoin how to earn profit not to be for how long become the holder, you can hold bitcoin if investing at cheapest price but have chance to sell during higher price and percentage profitable earn more than 30% why still have to hold. Not enough how many time bitcoin correction during last several years after success hitting new ATH and need long moment recovery to higher price back?

Your first paragraph  was well said and true although I don't fully agree with the last statement which  you said "braveness to take profit don't talking about hold only" when investment is going  on profit  taking  should  not even be the part of the plan, bitcoin  investment  should be regarded  as form of store of value  that builds  wealth in the future  and not taking  profits at any given  time, you may want to start  taking  profit at some point  but it might  disrupt  your investment  plan and you will be more of like  a trade immediately  you consider  taking  profits, bitcoin  investment  has different  phase  there is learning  and accumulation  at the very beginning then the maintenance  phase  and then the withdrawal  plans comes  at last its not advised  to take profit  while  investing.

If a person wants to withdraw some of the profit from his investment and enjoy it, he can do it, I think. But when he wants to withdraw the entire amount and enjoy it or sell it, I do not agree with it.

Suppose your investment is making 2 times profit, but your period has not ended but in the meantime you want to withdraw some amount and enjoy it, then you can do it. Again, many people become greedy after enjoying a small amount and sell all their holdings, for them it will not be the right decision to do this.

[Finebone]

If a person wants to withdraw some of the profit from his investment and enjoy it, he can do it, I think. But when he wants to withdraw the entire amount and enjoy it or sell it, I do not agree with it.

Does this make any sense?
So as a bitcoin investor that is only thinking of about long term, you can just wake up one morning and decide to sell some part of your bitcoin holdings or all of it, all because you want to enjoy it?
It doesn't make sense in anyway because a true bitcoin investor that is only thinking long term will not be thinking of selling or taking profits from his holdings when he has not gotten to his or her over accumulation status, talk less of selling everything off and suddenly become a no coiner just like that.

[BluebloodCXVI]

When talking about ways of holding Bitcoin combined, I think we should first of all think about the comfortable living of one's life on their daily means of survival.
Because without money or fiat currency, one can never buy Bitcoin excessively not to talk about holding for a long period of time. Bitcoin miners have a lot of expenses to cover through their means of power supply through mining. If an investor have the opportunity to buy Bitcoin in bulk when the prices drops and also have extra income to manage the daily life expenditures, then one can keep holding as long as he wants. Another way is that people with enough money can buy Bitcoin regardless of the price and keep holding them for a higher price or in a percentage that is highly profitable or using the DCA method where an investor can keep buying Bitcoin in portion with their capital in every investment.one must have regular electric supply either electrical or solar source but all in high price so one can be able to cover these expenditures before thinking of holding Bitcoin for a period of long time.
Some people have sources of income which keeps them in standard supply of every of their needs and they can apply every strategies in either buying and selling or holding without fear in the future of Bitcoin or cryptocurrency.

Dude!  I think you’re putting too much emphasis on financial comfort but you are not putting enough emphasis on strategy and discipline. Yes certainly people need to cover their living expenses first, but this doesn’t mean that it is only those with excess income that can become successful Bitcoin holders. The entire idea behind DCA is that ordinary people can be able to accumulate bitcoin gradually without needing large sums of money or perfect market timing. Let me also point out that mining expenses aren’t really relevant to most holders since the vast majority of bitcoin investors are not miners. In my view, i believe that long term success in your bitcoin investment depends less on how wealthy someone is and more on how consistent the person is, their conviction, and their ability to hold through volatility. Plenty of high income investors have lost money by chasing the market, while many average earners have built meaningful positions simply by staying disciplined over time.

[SPIDERMAN008]

If a person wants to withdraw some of the profit from his investment and enjoy it, he can do it, I think. But when he wants to withdraw the entire amount and enjoy it or sell it, I do not agree with it.

Suppose your investment is making 2 times profit, but your period has not ended but in the meantime you want to withdraw some amount and enjoy it, then you can do it. Again, many people become greedy after enjoying a small amount and sell all their holdings, for them it will not be the right decision to do this.

If someone is still in the accumulation stage, it means that they have not yet met their target. So thinking of selling Bitcoin just by seeing a few times profit at this time can be a premature decision. This is definitely a problem in long-term investment. If someone wants to invest for a period of 4 to 10 years, if they repeatedly think of selling or sell after seeing short-term profit, then their long-term holding will weaken. And thinking of selling Bitcoin after seeing short-term profit is a kind of trading mindset.

However, this does not mean that nothing can ever be withdrawn from Bitcoin. If someone reaches the overaccumulation status or near that stage, then if the holding becomes strong enough, then some withdrawal in a controlled way can be logical. However, care must be taken that the entire holding is not lost. However, it is difficult for everyone to reach the overaccumulation status at this time. So if someone starts investing with a period of 4 to 10 years in mind, then it is better not to think of selling Bitcoin from holding before that.

[Rockson1]

When talking about ways of holding Bitcoin combined, I think we should first of all think about the comfortable living of one's life on their daily means of survival.
Because without money or fiat currency, one can never buy Bitcoin excessively not to talk about holding for a long period of time. Bitcoin miners have a lot of expenses to cover through their means of power supply through mining. If an investor have the opportunity to buy Bitcoin in bulk when the prices drops and also have extra income to manage the daily life expenditures, then one can keep holding as long as he wants. Another way is that people with enough money can buy Bitcoin regardless of the price and keep holding them for a higher price or in a percentage that is highly profitable or using the DCA method where an investor can keep buying Bitcoin in portion with their capital in every investment.one must have regular electric supply either electrical or solar source but all in high price so one can be able to cover these expenditures before thinking of holding Bitcoin for a period of long time.
Some people have sources of income which keeps them in standard supply of every of their needs and they can apply every strategies in either buying and selling or holding without fear in the future of Bitcoin or cryptocurrency.

Funny so you think that you have to be very comfortable before you can invest in Bitcoin, so we have to also have all takes to be very ok before we can talk about Bitcoin investment and if I may ask how comfortable do you think that we can be to be able to invest in Bitcoin, with this mentality of yours are you sure that you are ready to invest, hope you have heard about discreationary income as what is required for us to start investing in Bitcoin, to buy aggressively or excessively, you need to have started first athough buying aggressively is good because it helps to hasten up your Bitcoin acumulation but the major thing is to start first and you must not have it all before you start, there is discreationary income in every source of income you have, so you just need know how to figure it out, you are sounding as if an investor is expected to attain some level of financial stability before doing the needful, if that is what your mindset is telling you, i think you are very wrong and you have to rethink.