Three best ways to hold bitcoin combined.

[Finebone]

Snip

 Ensure you purchase it when the value is low . This way, you make profit regardless of price fluctuations. My opinion suggests Now as the right time to buy Bitcoin and hold it.

Looking at this your statement here, it shows that you are more concerned on outsmarting the market than doing things the right way, because by your statement that we should ensure to buy only when the price is down, you are indirectly saying that we should wait for the dip before buying, which is a wrong way to go when investing in Bitcoin.
So my only advice to you is that you should buy and accumulate consistently without looking at the price, because Bitcoin is still very young with a lot of potential ahead, so waiting before buying is very unwise, and even more unwise if you are a low coiner or just starting your accumulation.

[Rockson1]

Lump-sum buying? But I believe it's still way better if we just focus on the DCA strategy and then buy aggressively when you see such a dip opportunity that you talk about, even though lump-sum buying gives you that flexibility during major market corrections.

The reason being that, in some cases, Bitcoin may never get to your lump-sum target price, because I have, on many occasions, placed orders that, up till to date, those orders never get filed because the price never gets to my targeted prices, and that's the risk part of lump-sum because in the end you may miss and not buying any Bitcoin.

With what you are saying, it means you were actually targeting when to buy in lump sum? If that is what you did then you were wrong, I think you should understand that lump sum should not be tied to a particular market status or will I say a particular price, you can buy in lump at anytime no minding the price of Bitcoin as long as you have the amount ready to lump sum, this is about your financial capacity, most of the things you said is still pointing on buying the dip, you don't have to wait until the price drops to your target before you lump sum, rather you should buy when you have the amount available and of course you know that lump sum is not a regular thing because the funds for that is not always available.

[Bluedrem]

Looking at this your statement here, it shows that you are more concerned on outsmarting the market than doing things the right way, because by your statement that we should ensure to buy only when the price is down, you are indirectly saying that we should wait for the dip before buying, which is a wrong way to go when investing in Bitcoin.
So my only advice to you is that you should buy and accumulate consistently without looking at the price, because Bitcoin is still very young with a lot of potential ahead, so waiting before buying is very unwise, and even more unwise if you are a low coiner or just starting your accumulation.

I can swear that those who wait for the price to fall in investment are not real investors. For example, if the price of a $1000 item drops to $200, investors still do not show interest in it. They think that since the price has dropped from $1000 to $2000, the price may fall a little more, and they wait for that hope to invest. In fact, they do not get the opportunity to buy at that moment even after the price finally falls.
Later, when the price starts to rise, they plan again that since the price was low, the price will fall again and then they will buy.
The same thing happens to those who want to buy Bitcoin at a low price.
But Bitcoin is an asset that is profitable to buy at any time if it is long-term. You and I all believe that the price of Bitcoin will increase several times more than the current price or the highest price we saw in Bitcoin this cycle. In that case, those who bought Bitcoin at the highest price will benefit.

[Silikiem]

Around 30% of your income in crypto was ideal,

Hopefully no one is so retarded as to consider that investing into crypto would be a good idea.

Lucky Op was talking about bitcoin, so OP may well not be confused about where to invest his money.

I mean around 20% was already enough in my opinion, In my experience you dont really want to just relay on Bitcoin or cryptocurrency alone the best way to do it as always is the safer route do not just invest everything on cryptocurrency, invest on other assets as well or hold a lot of savings, build your financial foundation like emergency funds to have a safety net.

 You seem to think that crypto and bitcoin are the same thing, and that would be really retarded to be putting money into various shitcoins and imagining them to be the same as (or sufficiently similar to) bitcoin.

DCA was still the best method and strategy for sure, but having it modified could surely make it even better strategy for investment.

Yes. DCA works for bitcoin, but it does not work for shitcoins.

For shitcoins, you need to get in and out of them, and hopefully you do not lose in the process.  That is called trading - not investing.
 

I kinda agree with some of your ways, On average, I would lower the percentage of around 20% on the crypto because it was just a risky investment overall, then stick the 80% to savings etc, and other investments. Start the DCA with a very lower amount so that I could start to leverage the drops or pump, like buying 10$ every week for example, a very low amount, but I would increase it to 15$ for example, if the market price drop a little, then just continue buying that amount if the price is going up. With this, I could minimize the risk and still invest and accumulate more, as long as I'm doing it for the long term. It is going to be easily a higher profit since I'm increasing my volume when it continues to drop.

Maybe if you could learn how to use the word bitcoin, Your ideas might start to make some sense.  Perhaps? perhaps?

You guys are quite concerned about price than investing in Bitcoin itself. Bitcoin has evolved to become the number 1 cryptocurrency irrespective of it's value in price. That makes it so important. The best way to hold Bitcoin is probably to just hold Bitcoin irrespective of the price. Ensure you purchase it when the value is low . This way, you make profit regardless of price fluctuations. My opinion suggests Now as the right time to buy Bitcoin and hold it.

You need to understand the difference between trading and investing. It is in a traders mindset to wait until the price is low before buying bitcoin. A real investor don’t need to wait until the price is low before buying bitcoin and hold because he’s fully aware of how volatile bitcoin is which means that the price is unpredictable and waiting for a dip that you’re not sure of which may or might not happen will hinder your bitcoin accumulation and you may end up not getting to buy any bitcoin at the end of the day after so many years because you are yet to see the dip and even if it dips what’s the chance that it will go down to your desired dip. The truth is you don’t need to wait for price to fall before you can buy bitcoin and hold comfortably, all you need is to buy with a discretionary income after sorting out your basic financial needs. With the DCA method, you can buy at any market price and hold with just the discretionary income available at your disposal no matter how little it is, you can be buying either weekly or monthly basis depending on how your discretionary income flows and also making sure you’re keeping some part of your discretionary income for emergency funds and other back up funds.

[JayJuanGee]

[edited out]

You guys are quite concerned about price than investing in Bitcoin itself. Bitcoin has evolved to become the number 1 cryptocurrency irrespective of it's value in price. That makes it so important. The best way to hold Bitcoin is probably to just hold Bitcoin irrespective of the price. Ensure you purchase it when the value is low . This way, you make profit regardless of price fluctuations. My opinion suggests Now as the right time to buy Bitcoin and hold it.

It may well be true that some guys have dilemmas regarding whether to invest in bitcoin or to put their money with some other coin, project and/or asset.

So one of the first dilemmas a guy might have concerns what to invest into.

If guys are investing in bitcoin rather than trying to trade it, then it seems to me that the investment timeline for bitcoin would be 4-10 years or longer, and perhaps even 10 years or longer except for guys who might have age and/or health concerns that cause them inabilities and/or difficulties to plan for locking up their money for 10 years or longer (not that anyone is completely locked up with something like bitcoin, since anyone buying it can change their mind or have changed circumstances that cause them to have to lower their investment timeline).

Bitcoin is not guaranteed to be profitable, and it also seems that there is no need for beginner bitcoin accumulators to becoming overly preoccupied about the BTC price, since how are they going to know if the BTC price is going to go up, down or sideways, and so for anyone who is either a no coiner or perceives himself as a low coiner, then the best way to address their issue is buying coins rather than fucking around waiting to find out whether bitcoin prices might or might not go lower.  If they end up not going lower, then they end up gambling with their investment rather than just addressing their status as either a no coiner or a perceived low coiner, which would be to get more bitcoin.

[Dump3er]

-

It may well be true that some guys have dilemmas regarding whether to invest in bitcoin or to put their money with some other coin, project and/or asset.

So one of the first dilemmas a guy might have concerns what to invest into.

If guys are investing in bitcoin rather than trying to trade it, then it seems to me that the investment timeline for bitcoin would be 4-10 years or longer, and perhaps even 10 years or longer except for guys who might have age and/or health concerns that cause them inabilities and/or difficulties to plan for locking up their money for 10 years or longer (not that anyone is completely locked up with something like bitcoin, since anyone buying it can change their mind or have changed circumstances that cause them to have to lower their investment timeline).

Bitcoin is not guaranteed to be profitable, and it also seems that there is no need for beginner bitcoin accumulators to becoming overly preoccupied about the BTC price, since how are they going to know if the BTC price is going to go up, down or sideways, and so for anyone who is either a no coiner or perceives himself as a low coiner, then the best way to address their issue is buying coins rather than fucking around waiting to find out whether bitcoin prices might or might not go lower.  If they end up not going lower, then they end up gambling with their investment rather than just addressing their status as either a no coiner or a perceived low coiner, which would be to get more bitcoin.

If you see how much money people are willing to throw at SpaceX, it sometimes amazes me how hesitant so many people are about bitcoin. Gold won't probably make them a 10x in the next 10 years, bitcoin in my opinion could. Whether Musk is really going to build data centers in space and whether he may in any other way abuse power and go crazy, I think that is far less predictable and yet they broke all records with their IPO.

And all those trying to find "the next bitcoin", I think those times are over. First of all there never has been a next bitcoin, and second of all this hype is gone and even if I had to take a shot at a small coin that could make me a lot of money, I don't know which one I would pick.

10 years ago it was different. Any coin went up and investors thought they are geniuses, but this was just because there were more people with cash and less coins, hence they went for whatever was cheap and then hoped for a pump. I do sporadically see that it still happens on Coinmarketcap, but there has never been a coin that I spent any time on to understand it better. As sad as it may sound, it often suffices to see how it is called to immediately it is absolute bullshit. That doesn't mean good names should be any more convincing, but it's not worth looking into.

I have often thought if there is an investor who can't stop himself from taking gambles, it should be within limits. I know people got stuck because they converted all their bitcoin and promised themselves to get out again as soon as they hit 2x, with the problem being that the coins suddenly crashed.

There is a tiny handful of coins that you could probably tell will have their momentum when bitcoin has momentum, but then the question is whether you still want to take the risk and bet on another coin's momentum more than on bitcoin itself. A lot of people who loved all the coins in the market so much and I see why because it was a new field and researching was fun, like a passionate hobby, some of them are either out because they *** themselves with bad trades or they have become full bitcoiners with very very small bags of some remains they have from 2016, 2017 and ongoing.

[Proty]

Around 30% of your income in crypto was ideal,

Hopefully no one is so retarded as to consider that investing into crypto would be a good idea.

Lucky Op was talking about bitcoin, so OP may well not be confused about where to invest his money.

I mean around 20% was already enough in my opinion, In my experience you dont really want to just relay on Bitcoin or cryptocurrency alone the best way to do it as always is the safer route do not just invest everything on cryptocurrency, invest on other assets as well or hold a lot of savings, build your financial foundation like emergency funds to have a safety net.

 You seem to think that crypto and bitcoin are the same thing, and that would be really retarded to be putting money into various shitcoins and imagining them to be the same as (or sufficiently similar to) bitcoin.

DCA was still the best method and strategy for sure, but having it modified could surely make it even better strategy for investment.

Yes. DCA works for bitcoin, but it does not work for shitcoins.

For shitcoins, you need to get in and out of them, and hopefully you do not lose in the process.  That is called trading - not investing.
 

I kinda agree with some of your ways, On average, I would lower the percentage of around 20% on the crypto because it was just a risky investment overall, then stick the 80% to savings etc, and other investments. Start the DCA with a very lower amount so that I could start to leverage the drops or pump, like buying 10$ every week for example, a very low amount, but I would increase it to 15$ for example, if the market price drop a little, then just continue buying that amount if the price is going up. With this, I could minimize the risk and still invest and accumulate more, as long as I'm doing it for the long term. It is going to be easily a higher profit since I'm increasing my volume when it continues to drop.

Maybe if you could learn how to use the word bitcoin, Your ideas might start to make some sense.  Perhaps? perhaps?

You guys are quite concerned about price than investing in Bitcoin itself. Bitcoin has evolved to become the number 1 cryptocurrency irrespective of it's value in price. That makes it so important. The best way to hold Bitcoin is probably to just hold Bitcoin irrespective of the price. Ensure you purchase it when the value is low . This way, you make profit regardless of price fluctuations. My opinion suggests Now as the right time to buy Bitcoin and hold it.

You need to understand the difference between trading and investing. It is in a traders mindset to wait until the price is low before buying bitcoin. A real investor don’t need to wait until the price is low before buying bitcoin and hold because he’s fully aware of how volatile bitcoin is which means that the price is unpredictable and waiting for a dip that you’re not sure of which may or might not happen will hinder your bitcoin accumulation and you may end up not getting to buy any bitcoin at the end of the day after so many years because you are yet to see the dip and even if it dips what’s the chance that it will go down to your desired dip. The truth is you don’t need to wait for price to fall before you can buy bitcoin and hold comfortably, all you need is to buy with a discretionary income after sorting out your basic financial needs. With the DCA method, you can buy at any market price and hold with just the discretionary income available at your disposal no matter how little it is, you can be buying either weekly or monthly basis depending on how your discretionary income flows and also making sure you’re keeping some part of your discretionary income for emergency funds and other back up funds.

it will be a bad idea for a long term investor to consider waiting for the price to be low before buying. This is an attitude of a trader and the reason for this is because they want to make quick profit. Therefore, they will try to see if they can outsmart the market and this is very risky.. For an investor that actually plans to hold bitcoin for a long term waiting for the price to dip before buying or starting to buy bitcoin won't be a great idea at all.
Exactly the DCA strategy actually removes the stress of always trying to time the market before buying bitcoin.

[CageMabok]

You guys are quite concerned about price than investing in Bitcoin itself. Bitcoin has evolved to become the number 1 cryptocurrency irrespective of it's value in price. That makes it so important. The best way to hold Bitcoin is probably to just hold Bitcoin irrespective of the price. Ensure you purchase it when the value is low . This way, you make profit regardless of price fluctuations. My opinion suggests Now as the right time to buy Bitcoin and hold it.

You're confusing others even more by saying you don't care about the price, while at the same time encouraging others to buy at low prices for profit. And because you say things like that, I suspect you wouldn't be so bold as to buy without looking at the price and wouldn't be so bold as to hold large amounts if you didn't check the Bitcoin price at least once a day. So, think logically and wisely when you become a long-term Bitcoin investor, because most investors who want to hold Bitcoin do so because there's still one bright hope for themselves: profit.

[PhilosopherKing]

You guys are quite concerned about price than investing in Bitcoin itself. Bitcoin has evolved to become the number 1 cryptocurrency irrespective of it's value in price. That makes it so important. The best way to hold Bitcoin is probably to just hold Bitcoin irrespective of the price. Ensure you purchase it when the value is low . This way, you make profit regardless of price fluctuations. My opinion suggests Now as the right time to buy Bitcoin and hold it.

You cannot say now is the best time to buy when you are telling people to start acting like trader who time the market. Mate, you should have no business talking and thinking about profit when you are still ongoinglly investing. If it is the time to accumulate, then do say without trying to time and outwit the market and if you have built a sufficient BTC stash and enter over-accumulation, then you can begin to take profits from it if you want.

Also nobody can perfectly know when the price will come down, and the more person keeps delaying to buy, the more the time they are wasting.

[okorieemmanuel]

Snip

 Ensure you purchase it when the value is low . This way, you make profit regardless of price fluctuations. My opinion suggests Now as the right time to buy Bitcoin and hold it.

Looking at this your statement here, it shows that you are more concerned on outsmarting the market than doing things the right way, because by your statement that we should ensure to buy only when the price is down, you are indirectly saying that we should wait for the dip before buying, which is a wrong way to go when investing in Bitcoin.
So my only advice to you is that you should buy and accumulate consistently without looking at the price, because Bitcoin is still very young with a lot of potential ahead, so waiting before buying is very unwise, and even more unwise if you are a low coiner or just starting your accumulation.

Thanks for the advice. Your strategy is good. But don't you think of maximum profit in an investment? You are meant to hold your stakes while it's low and sell off while it's high. You quit while you are ahead not while you are at the bottom. The only way to do this is to get information. I cannot invest money that I can't afford to lose. We should all adopt this. Don't just buy anyhow. Buy with some degree of knowledge on the market. The last time I adopted spontaneous buying, I had to wait 3 years to make $15 profit from my $50 spontaneous buying of ADA (CADANO). Some investors would have simply sold off. I'm not doing that again. Get knowledge of the market before you buy.

[samadam007]

You are meant to hold your stakes while it's low and sell off while it's high. You quit while you are ahead not while you are at the bottom. The only way to do this is to get information. I cannot invest money that I can't afford to lose. We should all adopt this. Don't just buy anyhow. Buy with some degree of knowledge on the market. The last time I adopted spontaneous buying, I had to wait 3 years to make $15 profit from my $50 spontaneous buying of ADA (CADANO). Some investors would have simply sold off. I'm not doing that again. Get knowledge of the market before you buy.

It’s really absurd that you’re still holding onto that trading mindset even after correction. All this “buy low sell high” and needing knowledge first is just folks trying to time the market. You condemned spontaneous buying in your example but you’re still thinking like a trader instead of a long term accumulator.
Yiudon’t need to know everything before entering. Just start buying and accumulating consistently with DCA. You’ll learn what you need while you’re already in the game. Stop overthinking it bro.

[Charcol]

Snip

 Ensure you purchase it when the value is low . This way, you make profit regardless of price fluctuations. My opinion suggests Now as the right time to buy Bitcoin and hold it.

Looking at this your statement here, it shows that you are more concerned on outsmarting the market than doing things the right way, because by your statement that we should ensure to buy only when the price is down, you are indirectly saying that we should wait for the dip before buying, which is a wrong way to go when investing in Bitcoin.
So my only advice to you is that you should buy and accumulate consistently without looking at the price, because Bitcoin is still very young with a lot of potential ahead, so waiting before buying is very unwise, and even more unwise if you are a low coiner or just starting your accumulation.

Thanks for the advice. Your strategy is good. But don't you think of maximum profit in an investment? You are meant to hold your stakes while it's low and sell off while it's high. You quit while you are ahead not while you are at the bottom. The only way to do this is to get information. I cannot invest money that I can't afford to lose. We should all adopt this. Don't just buy anyhow. Buy with some degree of knowledge on the market. The last time I adopted spontaneous buying, I had to wait 3 years to make $15 profit from my $50 spontaneous buying of ADA (CADANO). Some investors would have simply sold off. I'm not doing that again. Get knowledge of the market before you buy.

You have mixed up the Bitcoin investment and trading mindset. Do you even understand the difference between investing and trading?
Your plans of maximum profit and buying low and selling high are actually very weak in terms of Bitcoin accumulation. I can almost say with certainty that you are encouraging trading rather than Bitcoin accumulation. A long-term investor would never think like this, rather a long-term investor aims to gradually build a BTC stack according to his own discretionary income. If you are in the accumulation stage, then if you sell only after seeing a small profit, you may have to buy again at a higher price. This actually weakens your Bitcoin position. And once you sell after seeing a profit, it becomes almost impossible for you to go back to that position later.

 Another thing is that the argument for saving Bitcoin using the example of ADA is quite weak. Being stuck in an altcoin, waiting for a pump, and saving in Bitcoin for 4-10 years or more are not the same thing. Bitcoin's liquidity, adoption, security, monetary policy and long-term thesis are different. So even if you have a bad experience in an altcoin, it cannot be a direct argument against Bitcoin DCA or long-term savings in Bitcoin.

[Jamestown70]

You are meant to hold your stakes while it's low and sell off while it's high. You quit while you are ahead not while you are at the bottom. The only way to do this is to get information. I cannot invest money that I can't afford to lose. We should all adopt this. Don't just buy anyhow. Buy with some degree of knowledge on the market. The last time I adopted spontaneous buying, I had to wait 3 years to make $15 profit from my $50 spontaneous buying of ADA (CADANO). Some investors would have simply sold off. I'm not doing that again. Get knowledge of the market before you buy.

It’s really absurd that you’re still holding onto that trading mindset even after correction. All this “buy low sell high” and needing knowledge first is just folks trying to time the market. You condemned spontaneous buying in your example but you’re still thinking like a trader instead of a long term accumulator.
Yiudon’t need to know everything before entering. Just start buying and accumulating consistently with DCA. You’ll learn what you need while you’re already in the game. Stop overthinking it bro.

I don’t mean to sound rude but in his case he needs to do more learning about Bitcoin basics, because it seems he’s  so engulfed with trading psychology that he doesn’t get the hint when corrected.

[AmaGold70]

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.

These different methods of buying bitcoin are very okay for Bitcoin investors, but at the same time different investors might like to use different methods. And I think for those who may not be monitoring the bitcoin movement, they may prefer buying in lump some, and those that are always monitoring the bitcoin price movement will be suitable to engage in DCA.
Investing 30% of your weekly income in bitcoin is still a good percentage, but their are investors with higher risk tolerance who can go beyond that considering the certainty of making profit in bitcoin on the long run, and those investors with higher risk tolerance can even go for 35% to 40% of their weekly income, and to me this percentage is still very okay.

[okorieemmanuel]

You are meant to hold your stakes while it's low and sell off while it's high. You quit while you are ahead not while you are at the bottom. The only way to do this is to get information. I cannot invest money that I can't afford to lose. We should all adopt this. Don't just buy anyhow. Buy with some degree of knowledge on the market. The last time I adopted spontaneous buying, I had to wait 3 years to make $15 profit from my $50 spontaneous buying of ADA (CADANO). Some investors would have simply sold off. I'm not doing that again. Get knowledge of the market before you buy.

It’s really absurd that you’re still holding onto that trading mindset even after correction. All this “buy low sell high” and needing knowledge first is just folks trying to time the market. You condemned spontaneous buying in your example but you’re still thinking like a trader instead of a long term accumulator.
Yiudon’t need to know everything before entering. Just start buying and accumulating consistently with DCA. You’ll learn what you need while you’re already in the game. Stop overthinking it bro.

I don’t mean to sound rude but in his case he needs to do more learning about Bitcoin basics, because it seems he’s  so engulfed with trading psychology that he doesn’t get the hint when corrected.

Anyway, that's my opinion. I apply every knowledge I acquire to make decisions even when it's related to Bitcoin investment. It's similar to applying mathematics and speaking English. Why should you throw one away ? ? No knowledge is lost bro.

[Merit.s]

The last time I adopted spontaneous buying, I had to wait 3 years to make $15 profit from my $50 spontaneous buying of ADA (CADANO). Some investors would have simply sold off. I'm not doing that again. Get knowledge of the market before you buy.

You bought shitcoin and expect to make profits in the long run, that's funny because shitcoin is a short term thing and shouldn't be called investment but gambling. You don't start your crypto journey with trading and looking for the perfect time to enter the market because in bitcoin investment, there is no perfect time provided you are a long-term investor.

You are getting the whole concept of how to invest in the cryptospace. You should only invest in bitcoin and increase your bitcoin stash weekly using DCA strategy and hodli for the future because bitcoin is a long-term investment and not a get rich quick scheme. Thinking of investing for the purpose of profit will make you transit from a long-term investor into a trader unknown to you. Have a bitcoin target and focus on accumulating only bitcoin till you reach your bitcoin target.

[Jubilee58]

While investing in bitcoin, it is important not to use greater part of your money for investment. You have to keep money for emergency, and for the household upkeep. Therefore investing 30% of your weekly income in bitcoin is still a good investment allocation.
Meanwhile, the use of DCA method is still my most reliable method, because it enables you to monitor bitcoin prices, and buy at different price level, DCA method will enable you to make more profit in your investment than buying Bitcoin in lump some. For instance of you buy bitcoin in lump some, maybe immediately after a bull season, you still bought at a high price even though you are like to make profit on the long run, but someone who bought bitcoin at different stages of the bear market is likely to make more profit from his or her investment.

[red4slash]

You guys are quite concerned about price than investing in Bitcoin itself. Bitcoin has evolved to become the number 1 cryptocurrency irrespective of it's value in price. That makes it so important. The best way to hold Bitcoin is probably to just hold Bitcoin irrespective of the price. Ensure you purchase it when the value is low . This way, you make profit regardless of price fluctuations. My opinion suggests Now as the right time to buy Bitcoin and hold it.

The low benchmark is difficult because each of us will probably have a different definition of this benchmark and I would say that right now bitcoin is very low and worth buying but you might disagree with that.

I think instead of focusing on thinking about the lowest price it would be better to focus on buying if you can afford to buy because focusing on the low price and waiting for bitcoin to fall to the target price could be missed besides that it also takes a lot of time. If indeed we already have money that we can buy it would be better to do it immediately without waiting anymore and this is still my way of buying until now. I don't care about the existing price or the low benchmark that many people say because I will only buy as long as I have the funds that can be done with this already 50% discount.

[Proty]

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.

These different methods of buying bitcoin are very okay for Bitcoin investors, but at the same time different investors might like to use different methods. And I think for those who may not be monitoring the bitcoin movement, they may prefer buying in lump some, and those that are always monitoring the bitcoin price movement will be suitable to engage in DCA.
Investing 30% of your weekly income in bitcoin is still a good percentage, but their are investors with higher risk tolerance who can go beyond that considering the certainty of making profit in bitcoin on the long run, and those investors with higher risk tolerance can even go for 35% to 40% of their weekly income, and to me this percentage is still very okay.

There is nothing wrong with any of the methods that is used for buying bitcoin. All the method has there advantages as well as there disadvantages. An investor can used any of the strategy that he deem fit to work for his financial situation. For someone that wants to start investing in bitcoin the DCA strategy maybe suitable for them to start with if they don't want to do lump sum. There are also those that have the money to lump sum but choose not to go all in at once which the DCA strategy is still the best for this.

[passwordnow]

There is nothing wrong with any of the methods that is used for buying bitcoin. All the method has there advantages as well as there disadvantages. An investor can used any of the strategy that he deem fit to work for his financial situation. For someone that wants to start investing in bitcoin the DCA strategy maybe suitable for them to start with if they don't want to do lump sum. There are also those that have the money to lump sum but choose not to go all in at once which the DCA strategy is still the best for this.

I agree, while some people might read that we keep saying about DCA. They have to consider their financial situation before doing it but that's the advantage of DCA, they can buy whenever they want at any price they see and with any amount they have. But some might think that they're forced to do it because that's what the community tells them to do. I hope those people who think like that will remember that we're on our own and we're free to accumulate however we want to. What matters is that when we accumulate or buy bitcoin, we don't bother anybody and we're not carrying a heavy load to our finances just to do it.