Three best ways to hold bitcoin combined.

[JayJuanGee]

[edited out]

You are correct. However, you failed to note that DCA STRATEGY is only profitable on a bullish market. You must be sure that it is trending upwards before embarking on that journey of periodic investment. Bitcoin have been bearish this year. Anyway, if the new bullish trend prevails, then this strategy would definitely be remarkable as you mentioned.

You sound lost okorieemmanuel.
If a person is investing 4-10 years or longer, then he is likely going to be advantaged by buying at any time no matter the price, and even in periods that the BTC price is dropping (perhaps especially when the BTC prices are dropping?) like in a bear market. 

If a person uses a similar amount of dollars to buy bitcoin for 4 years straight, then his average price will be right around the 200-WMA (which is just over $62k right now). .and if he buys longer than 4 years, then his average buy price is likely to be lower and lower and lower.
So, for example, if a guy had been buying bitcoin at a similar dollar amount for the past 8 years, he would currently have an average bitcoin price in the ballpark of $16,700, which surely would not be a bad place to be, and of course, if he had front-loaded his investment 8 years ago then he may well have even a lower cost per BTC.

Some people will not understand what bitcoin is, I have some bitcoin right now that I am not planning to spend at all. I have one for retirement purpose in case anything happened. If I leave it in fiat, it will not be good because of the inflation in my country, but I think it can go x5 or more in the next 10 years and more later which is better. Some people are just thinking about bitcoin investment like something that is very risky. Few of them will prefer ponzi scheme, trading or what that may later make them lose the money.

We can surely think about bitcoin as an asymmetric bet to the upside which means that as long as you do not leverage, the most you can lose is 100%, yet at the same time, there are reasonable probabilities that bitcoin prices can go up significantly, such as 5x in 10 years as you mentioned or even 100x or more, and sure neither the amount up nor the timeline is guaranteed, which is also part of the nature of an asymmetric bet, for anyone who might try to understand why bitcoin ongoingly has upward pressures on its price, in spite of ongoing battles about bitcoin taking place too.

Regarding trading and/or shitcoin involvement, yep, so many folks will be lured into those inferior approaches to bitcoin and/or those inferior assets because they likely do not know any better or maybe they cannot figure out how to approach bitcoin from an investors mindset that likely would have a 4-10 year or longer timeline.

[I_Anime]

[Though there’s no guarantee that the price will continue to go up , that’s the risk we are taken because there’s nothing like rich free investment, that’s why we are Bitcoin investors we should be ready for anything.

This is the what some people will be thinking which will discourage them from buying or continuing holding bitcoin. You do not know that bitcoin is not very risky like some people are thinking. Just make sure you have long time holding in mind like 3 to 10 years, I am having more than 10 years in mind, but I believe I would have seen 5x in 7 to 8 years from my bitcoin investment. If you are using your bitcoin for trading or you are using it to gamble, that is risk what that are risky, but hodling bitcoin is not really risky like some people are saying.

Is actually a mere speculation we can’t actually tell what will happen in the long run , when come to holding . Longterm is the best we are talking of 4-10 years and you can choose to push on more like some profitable users here .

That’s why is not advisable to sell all your investment, create a method or system that works best when come to taken profits , because selling all at once won’t be smart at all . That’s why some do make sure they replace any amount they took from their holding they might not do it immediately, they can choose to take action during the dip because they are not like aggressive like they are when they where still low coiner or haven’t gotten their accumulation goal yet .

[Taskford]

Some people will not understand what bitcoin is, I have some bitcoin right now that I am not planning to spend at all. I have one for retirement purpose in case anything happened. If I leave it in fiat, it will not be good because of the inflation in my country, but I think it can go x5 or more in the next 10 years and more later which is better. Some people are just thinking about bitcoin investment like something that is very risky. Few of them will prefer ponzi scheme, trading or what that may later make them lose the money.

We can surely think about bitcoin as an asymmetric bet to the upside which means that as long as you do not leverage, the most you can lose is 100%, yet at the same time, there are reasonable probabilities that bitcoin prices can go up significantly, such as 5x in 10 years as you mentioned or even 100x or more, and sure neither the amount up nor the timeline is guaranteed, which is also part of the nature of an asymmetric bet, for anyone who might try to understand why bitcoin ongoingly has upward pressures on its price, in spite of ongoing battles about bitcoin taking place too.

Regarding trading and/or shitcoin involvement, yep, so many folks will be lured into those inferior approaches to bitcoin and/or those inferior assets because they likely do not know any better or maybe they cannot figure out how to approach bitcoin from an investors mindset that likely would have a 4-10 year or longer timeline.

True since and great projection out there, but people need also to have this thinking that nothing is guaranteed so they would think about realistic ways rather think that Bitcoin is same like a ponzi schemes. But with great combination of current happening right now which is the adoption keeps growing then it only have fixed supply, this will give good possibilities that price will eventually pumps up in future.

Usually quick profits is the one reason why many people got pulled in on those shitcoins, especially for those people didn't understand the long term nature of Bitcoin. But if people understand that its better to approach Bitcoin with the mindset of multi year investor, there's really a chance that they would never chase a quick profit and volatility will be much easy to handle and they've got less pressure.

[PhilosopherKing]

[edited out]

You are correct. However, you failed to note that DCA STRATEGY is only profitable on a bullish market. You must be sure that it is trending upwards before embarking on that journey of periodic investment. Bitcoin have been bearish this year. Anyway, if the new bullish trend prevails, then this strategy would definitely be remarkable as you mentioned.

You sound lost okorieemmanuel.

If a person is investing 4-10 years or longer, then he is likely going to be advantaged by buying at any time no matter the price, and even in periods that the BTC price is dropping (perhaps especially when the BTC prices are dropping?) like in a bear market. 

If a person uses a similar amount of dollars to buy bitcoin for 4 years straight, then his average price will be right around the 200-WMA (which is just over $62k right now). .and if he buys longer than 4 years, then his average buy price is likely to be lower and lower and lower.

So, for example, if a guy had been buying bitcoin at a similar dollar amount for the past 8 years, he would currently have an average bitcoin price in the ballpark of $16,700, which surely would not be a bad place to be, and of course, if he had front-loaded his investment 8 years ago then he may well have even a lower cost per BTC.

Yes. There is more harm than good when person begin to obsess over the perfect time to enter and start buying. When the plan is to ongoingly DCa for a long time horizon, is better to start buying at whatever price and the more the person continues to invest, the lesser the price for their average buys tend to be since bitcoin always goes through various cycles of both bears and bulls in the long run.

Person that has been ongoingly investing from ten years would have experience various price crash and pumps, yet those bear market crashes would end up helping them accumulate more at lower prices. This is why starting as soon as possible is always good instead of waiting endlessly.

[Soldroplet]

[edited out]

You are correct. However, you failed to note that DCA STRATEGY is only profitable on a bullish market. You must be sure that it is trending upwards before embarking on that journey of periodic investment. Bitcoin have been bearish this year. Anyway, if the new bullish trend prevails, then this strategy would definitely be remarkable as you mentioned.

You sound lost okorieemmanuel.

If a person is investing 4-10 years or longer, then he is likely going to be advantaged by buying at any time no matter the price, and even in periods that the BTC price is dropping (perhaps especially when the BTC prices are dropping?) like in a bear market. 

If a person uses a similar amount of dollars to buy bitcoin for 4 years straight, then his average price will be right around the 200-WMA (which is just over $62k right now). .and if he buys longer than 4 years, then his average buy price is likely to be lower and lower and lower.

So, for example, if a guy had been buying bitcoin at a similar dollar amount for the past 8 years, he would currently have an average bitcoin price in the ballpark of $16,700, which surely would not be a bad place to be, and of course, if he had front-loaded his investment 8 years ago then he may well have even a lower cost per BTC.

Yes. There is more harm than good when person begin to obsess over the perfect time to enter and start buying. When the plan is to ongoingly DCa for a long time horizon, is better to start buying at whatever price and the more the person continues to invest, the lesser the price for their average buys tend to be since bitcoin always goes through various cycles of both bears and bulls in the long run.

Person that has been ongoingly investing from ten years would have experience various price crash and pumps, yet those bear market crashes would end up helping them accumulate more at lower prices. This is why starting as soon as possible is always good instead of waiting endlessly.

I agree with your statement, many people cannot start investing in Bitcoin by waiting for the perfect entry point, because they hope when the price will drop and then they will think about buying. I would like to add one thing here, that the purpose of DCA is not to reduce the average purchase price all the time, but to collect Bitcoin regularly. For example, if someone invests Bitcoin in the DCA method with a certain amount of Discretionary Income every week or every month, then he will naturally collect Bitcoin in both bull markets and bear markets. If the price of Bitcoin continues to increase for a long time in the future, then an investor's average purchase price may increase. But that is not a problem, because a long-term investor's main goal should be to accumulate more Bitcoin and increase his BTC stack. Therefore, instead of waiting for the perfect time, it is a more reasonable decision for a prudent Bitcoin investor to start accumulation as soon as possible by ensuring Discretionary Income, emergency funds and responsibilities.
But I would like to point out another thing, a new investor does not need to be very experienced at first. But as a newbie, it is not necessary to know a few things, and that is, how long he will invest in Bitcoin, how much extra income he has, whether he has enough backup funds so that he does not have to sell Bitcoin in case of emergency, and whether he can accumulate Bitcoin patiently for 4 to 10 years or more. The main thing is to have a realistic idea about the extra income, cashflow and risk tolerance, and collect Bitcoin accordingly, and then gradually become experienced.