Bitcoin: Saving for Tomorrow, Starting Today

[General_Bitcoin]

This is why Bitcoin is also known as a retirement money. But anyways, yeah mate, two or three years was indeed short. If only it was four years, then that is superb, since it is known that Bitcoin has a more guaranteed bull run after every 4 years. 

If we are to do a DCA strategy, we won't mind the bear market too. But actually, some are also doing a DCA strategy, so that they still have a money that will be used, just in case a bear market comes.

The good news is that, Bitcoin is not the only crypto in this market and others can offer different terms depending on what we are investing for. So we would like to check them out as well.

There is never any guarantee that this bull run will happen every 4 years. Whilst Bitcoin has generally shown this behaviour in previous halves there is no guarantee. DCA can be a useful tool in a bear market as you are buying at different times however there is no guarantee it will stop you falling into a long term downturn. You should aim to put some money aside so that you don’t have to sell your Bitcoin at a loss. Although there may be other opportunities by investing in other crypto projects these will come with risks and will not be any safer.

[Gragebox]

If you are treating bitcoin as an investment, then it's a good buy for me. I have bitcoin too and still continue to accumulate, I do DCA which most of us here is doing but to be honest, It's hard to expect that we can generate generational wealth in just buying bitcoin in this cycle. I believe on the crypto market cycle, there's a chance we can see a roughly 2-4x bitcoin price from its recent all time high if the cycle continues. There's no guarantee it will still be the same as the other crypto cycle but I'm hoping that it will still continue. Bitcoin is still a good investment, its always be.

I think that having realistic expectations is everything when you decide to invest in Bitcoin. I think DCA investing strategy is a great one for those investors looking at accumulating Bitcoin but not always being obsessed with price action in the short-term. However, I wouldn't go in with expectations of getting 2x, 4x profits based on previous cycles.

Market even went through a four-year cycle in the previous phase, but the current market situation is different and is undergoing change due to adoption of the currency. The problem is that we can't expect the same returns in future cycles as in the previous ones.

Furthermore, it is crucial to have some plan in a bullish and bearish market condition. The trader must have risk tolerance and not make any kinds of trading decision solely on past data. In my perspective, there is no need to ignore the study on the future of Bitcoin; we need to be realistic and patient.

[Comeacross]

Bitcoin is one of the best asset to to save for the future. Not only does it generate the highest profits, it also serves as bugger against inflation that is prevalent in fiats. This is why even the rich are massively accumulating Bitcoin now and some through ETFs

Buying bitcoin through ETFs is a dumb idea by the way. You don't have any coin if you don't have the keys. Imagine you claim you have something but you can not send, spend or controlled it. Literally, you can not even use it for anything, do you really think you own it? The funny part? You're paying someone to keep something you can also keep free for yourself for you. I respect their choice of course, just saying they choose the wrong choice. Bitcoin is one of the best assets out there now but much better when you're in control of it.

[Tamaperdana]

Financial planning is essential when it comes to the future. Most people save their money in preparation for emergencies, future goals, and freedom from monetary obligations. Nevertheless, with the change of economic circumstances and inflation rates, people are looking into various options to protect their capital.

Bitcoin became one of the assets which many people trust in. Its limited number and decentralized network give it an advantage compared to other forms of currency. But Bitcoin is a very volatile asset, and its value may increase or decrease. Thus, it should not be viewed as a guarantee to get wealthy in the future.

It would be beneficial to collect Bitcoins gradually by making DCA purchases on a weekly or monthly basis. It will allow investors to minimize their dependence on the constant changes on the market. The frequency of such purchases depends on income, expenses, and plans of each person.

Still, one should never put future above the present. Emergency savings, necessary costs, and existing commitments must go first. Only investing money which people can leave in a reserve for a long period of time would be a reasonable thing to do.

What do you think? Is Bitcoin a worthy part of future savings or not?

Bitcoin is indeed a truly powerful investment asset, so I don't think its fluctuations, which may be slightly faster than other assets, should be considered a weakness. If we're investing long-term, current fluctuations don't have much of an impact. Our goal is the future, so looking at current price movements and worrying won't solve the problem. So it's better to stay calm and avoid panic. Because, fundamentally, any asset experiences ups and downs, and those are the healthy assets. Unless, for example, the ups and downs are uncontrolled, then they are clearly dangerous. But with Bitcoin, I think that's still normal and there's no need to worry. So, investing in Bitcoin has the potential to be good for the future.

And it's true, no matter how we invest, we must always have an emergency fund and current income. Fundamentally, our investments will fail if we don't have enough living expenses. So, focus on the present and build our future. Don't think that success depends solely on the future. Because even today, we must always strive to change our lives for the better. So, yes, that's my personal conclusion.

[Hypnosis00]

Before you decide to invest in Bitcoin for the future. You'd also think deeply as well and consider all the things that affect the future of Bitcoin.

I'm not saying it is worthless, but I also don't want you to invest based on emotions but rather, do it with faith and high interest.

Michelle Milkowski, a working mother from Washington, began buying Bitcoin after seeing its price increase dramatically.

She invested thousands of dollars as Bitcoin approached its November 2021 peak of around $69,000. By July 2022, Bitcoin was trading at less than one-third of its peak price.

Her experience illustrates how fear of missing out (FOMO) can lead investors to enter the market at unfavorable prices. The article does not establish an exact realized loss.

Joe Oathout, a construction business owner from Alaska, invested approximately $20,000 in Bitcoin.

His investment grew to nearly $500,000 before Bitcoin's market downturn wiped out much of that paper value. He continued buying during the decline, and his holdings later recovered to approximately $150,000 when the article was published.

These are just stories from the past, but they can happen to you and to anyone as well if we're too careless and too emotional.
Even saying it was a great opportunity doesn't mean it is a good opportunity for everyone, because many also suffer losses. I suggest starting with a small amount and letting your experience help decide whether you continue or not.

[PVequalNRT]

There is never any guarantee that this bull run will happen every 4 years. Whilst Bitcoin has generally shown this behaviour in previous halves there is no guarantee. DCA can be a useful tool in a bear market as you are buying at different times however there is no guarantee it will stop you falling into a long term downturn. You should aim to put some money aside so that you don’t have to sell your Bitcoin at a loss. Although there may be other opportunities by investing in other crypto projects these will come with risks and will not be any safer.

It's not a guarantee but the exchanges will make it happen no matter what. It's when there is bull run the centralized exchanges makes money from trading fees, without market activities, they will not make money. They can make money from dumping of the market but when everyone is winning, they tend to make money from it than any period of crypto. Bull run must surely happen for people to make money and sustain the market.

Bitcoin as an investment isn't promised for 4 years bull run but I feel it will still work anyways. It's the only coin that has never failed to pumped since it was launched. The altcoins failed because of too many altcoins in the market. If Bitcoin is the only coin with potential, everone will come for it and make sure they makes money from the bull run.

[General_Bitcoin]

It's not a guarantee but the exchanges will make it happen no matter what. It's when there is bull run the centralized exchanges makes money from trading fees, without market activities, they will not make money. They can make money from dumping of the market but when everyone is winning, they tend to make money from it than any period of crypto. Bull run must surely happen for people to make money and sustain the market.

Bitcoin as an investment isn't promised for 4 years bull run but I feel it will still work anyways. It's the only coin that has never failed to pumped since it was launched. The altcoins failed because of too many altcoins in the market. If Bitcoin is the only coin with potential, everone will come for it and make sure they makes money from the bull run.

While exchanges will definitely benefit from increases in price during a bull market, they will still earn fees during a bear market. Bitcoin doesn’t need to be in a bull run to make money. For there to be a bull run there has to be real demand. While exchanges may encourage people to trade they cannot force them to keep investing. Since the launch of Bitcoin there have been some massive crashes. Whilst it has bounced back so far there is no guarantee that it will always do that. There is no guarantee that it will increase in the future.

[Tony Adams]

People basically think about the future and find a position where they will get freedom in order to strengthen their financial position. Especially in countries where there is a high probability of inflation, people cannot benefit at all in the future by saving their money but face losses. Those countries where inflation almost occurs, those countries rush to strong financial positions like Bitcoin to strengthen their financial position. To protect their capital, they must invest in such a position that they can get good financial support from it in the future. That is why I think that instead of investing in local currencies and keeping them in the bank, they should invest in reliable places like gold and Bitcoin. And these investments can give financial freedom in the future. Those who have invested in Bitcoin do not face losses at all if they hold them for a long time.

[YOSHIE]

What do you think? Is Bitcoin a worthy part of future savings or not?

When we talk about savings, especially Bitcoin, of course all of us here understand how this asset works, in my personal view Bitcoin has extreme price volatility in the crypto market, where a situation like that can affect the price of Bitcoin going up and down, of course a situation like that is very risky to use as savings.

But if you view Bitcoin as "digital gold" and you have an innovative long-term investment method, maybe it is worth considering "not future savings" You are certainly able to bear the consequences and all forms of risk if something happens suddenly, such as a price drop to the base price, and vice versa, you are ready to accept the consequences when prices soar high.

For this reason, many people suggest that when investing in Bitcoin, we should always use COLD money so that if undesirable things happen, we will not be stressed and frustrated when investing in Bitcoin.

[Emeraldo]

If you are treating bitcoin as an investment, then it's a good buy for me. I have bitcoin too and still continue to accumulate, I do DCA which most of us here is doing but to be honest, It's hard to expect that we can generate generational wealth in just buying bitcoin in this cycle. I believe on the crypto market cycle, there's a chance we can see a roughly 2-4x bitcoin price from its recent all time high if the cycle continues. There's no guarantee it will still be the same as the other crypto cycle but I'm hoping that it will still continue. Bitcoin is still a good investment, its always be.

Bitcoin can give us financial freedom and I think that should be one of the reasons why so manh people are buying Bitcoin and saving it till when they are ready to sell. Using the DCA is a good strategy to accumulate Bitcoin because saves us the stress of going through market charts to look for when to buy when it can cause a lot of confusion for new investors that don't know how to read charts and analyze the market. Consistent purchase of Bitcoin will help investors to buy at different prices instead of buying at once.

[Lontor]

If you are treating bitcoin as an investment, then it's a good buy for me. I have bitcoin too and still continue to accumulate, I do DCA which most of us here is doing but to be honest, It's hard to expect that we can generate generational wealth in just buying bitcoin in this cycle. I believe on the crypto market cycle, there's a chance we can see a roughly 2-4x bitcoin price from its recent all time high if the cycle continues. There's no guarantee it will still be the same as the other crypto cycle but I'm hoping that it will still continue. Bitcoin is still a good investment, its always be.

Bitcoin can give us financial freedom and I think that should be one of the reasons why so manh people are buying Bitcoin and saving it till when they are ready to sell. Using the DCA is a good strategy to accumulate Bitcoin because saves us the stress of going through market charts to look for when to buy when it can cause a lot of confusion for new investors that don't know how to read charts and analyze the market. Consistent purchase of Bitcoin will help investors to buy at different prices instead of buying at once.

Agreed, keep buying Bitcoin when you have the spare money and don't take your eye of your health, make sure you leave some money on the table for yourself too because someone dearly to me just passed today.

A family member who happened to be a Bitcoin holder too, we used to talk about crypto alot on phone and I just got a call this afternoon that he was involved in an accident, he is gone for good..

People die everyday, I want this to be in everyone's mind, it can be anyone's turn next, but with open mind many will still make it, I hope we all make it into the future, eat healthy food and also go for medical checkup.

[Franklyn-wood]

Since bitcoin is a future investment, you need to make al preparations to make sure that you have what it takes on ground to prevent your bitcoin investment from premature sales when it's not of your own will. It's a must that you must take care of your basic needs and monthly expenses first before any leftover can be used to invest in bitcoin. It's from your discretionary income that you map out your emergency funds. You don't remove funds for emergency funds before you use the leftover to invest into bitcoin because emergency may come or not. Investing in bitcoin is good because it will preserve the value of your money and also give you additional profits in future.

This is the mistake a lot of people do that makes it look like Bitcoin investment is difficult to handle. Discretionary funds and emergency funds seems to be what we often merge together and then we often don't set them aside then the left over used to fund investment in Bitcoin. Some even take money from there salary's with removing the money to fund there daily needs aside and when this is a dip in the market panicking comes confidence when they are supposed to what the market return to it base again.

[danadc]

There is never any guarantee that this bull run will happen every 4 years. Whilst Bitcoin has generally shown this behaviour in previous halves there is no guarantee. DCA can be a useful tool in a bear market as you are buying at different times however there is no guarantee it will stop you falling into a long term downturn. You should aim to put some money aside so that you don’t have to sell your Bitcoin at a loss. Although there may be other opportunities by investing in other crypto projects these will come with risks and will not be any safer.

That's true, the four-year cycles no longer hold true, just like the Bitcoin halving, which was expected to cause a significant price increase. The safest path is the one you mentioned: using the DCA method for Bitcoin.

It's a long road, requiring a lot of patience and discipline, but it's worth it. It's much better than having money and saving it in the bank, and it's also safer. There are risks, but they are manageable.

[Abu-Naim]

It would be beneficial to collect Bitcoins gradually by making DCA purchases on a weekly or monthly basis. It will allow investors to minimize their dependence on the constant changes on the market. The frequency of such purchases depends on income, expenses, and plans of each person.

Still, one should never put future above the present. Emergency savings, necessary costs, and existing commitments must go first. Only investing money which people can leave in a reserve for a long period of time would be a reasonable thing to do.

What do you think? Is Bitcoin a worthy part of future savings or not?

If you have the orientation to invest in Bitcoin using the DCA method, you will be among the luckiest people because some people have money but don’t have the orientation to invest in Bitcoin, they rather spend the money or invest in something that is not as beneficial as Bitcoin.

However, to invest is not the problem, but knowing how to do and when to invest is the main problem. You will need to have some money kept in emergency so that you will not always temper with your Bitcoin investment anytime emergency come up, if you have that spare money kept side, you will be able to hold your Bitcoin for long. And you need to be consistent to be able to accumulate as much Bitcoin as possible.

[Rabata]

If you are treating bitcoin as an investment, then it's a good buy for me. I have bitcoin too and still continue to accumulate, I do DCA which most of us here is doing but to be honest, It's hard to expect that we can generate generational wealth in just buying bitcoin in this cycle. I believe on the crypto market cycle, there's a chance we can see a roughly 2-4x bitcoin price from its recent all time high if the cycle continues. There's no guarantee it will still be the same as the other crypto cycle but I'm hoping that it will still continue. Bitcoin is still a good investment, its always be.

I agree with you that Bitcoin is a good investment in the long run. And it is possible to accumulate Bitcoin gradually through regular investment in the DCA method. The possibility of a two or fourfold increase from the recent all-time high price should not be seen as guaranteed. Because no one can guarantee that the price will increase in the future like in the previous cycle. In my opinion, it is more effective to accumulate Bitcoin regularly according to your ability and adhere to a long-term plan rather than a specific price target. For this, it is important to keep your financial situation in mind. You should set aside money for daily expenses and emergencies, and invest from your excess discretionary income, so that you are not forced to sell Bitcoin even if the market is down for a short time.

[Jasmyne]

What do you think? Is Bitcoin a worthy part of future savings or not?

Bitcoin is the most important and most trusted asset to own if you believe in the future. If you have plans for savings for your future and your next generation to come then you should think about bitcoin because your fiat will fail you as the value will depriciate and not bounce back, if you go with land banking you may as well not recover the amount you invested if the location of the land is not in good site or development is yet to get to the location, if you invest in gold you may not regret but the profit you will make may not be compared to what you intend to keep for the next generation but since bitcoin has been proven to be trustworthy and the profit is guaranteed for long term holders you will have no regrets in future if you start your future investment in bitcoin.

[osasshem]

What do you think? Is Bitcoin a worthy part of future savings or not?

Yes it is.
For the fact that the total Bitcoin supply is limited will continue to make increase in its demand as the time goes on.
Bitcoin brought a different view of saving our money. The native banking system hasn't been very promising with profit returns, investments done with Bitcoin made a change on that.
Saving in Bitcoin doesn't guarantee immediate wealth creation, for a considerable long period of time, remarkable results can be seen from what started little by little.

[suzanne5223]

Using Bitcoin as a long-term savings is a solid decision, but only if you treat it correctly.
Why do I say this?
Many people have heard and understand BTC as a good asset but end losing money after investing in it because they have the knowledge of using it fixed supply and decentralized nature which make it one of the few assets that can actually protect purchasing power over decades against fiat inflation for their benefits.
Meanwhile, the volatility of BTC is one of the reasons why it's a valuable asset, so it shouldn't be seen as something bad, and the DCA approach you mentioned is the smartest way to accumulate BTC.

[Silverstonez]

Bitcoin became one of the assets which many people trust in. Its limited number and decentralized network give it an advantage compared to other forms of currency. But Bitcoin is a very volatile asset, and its value may increase or decrease. Thus, it should not be viewed as a guarantee to get wealthy in the future.

People are not switching to bitcoin to protect their money from inflation, they are doing it for profits. Assuming bitcoin was never a store of value with potential returns I’m sure people won’t even consider it as an asset.

In as much as I would want to admit that there is no guarantee of wealth in the future, let me say this. Provided you have accumulated enough bitcoin to hold for the long term, and you are able to avoid scams and protect your wallet for a long term you stand a chance of making a profit.

[PVequalNRT]

Bitcoin can give us financial freedom and I think that should be one of the reasons why so manh people are buying Bitcoin and saving it till when they are ready to sell. Using the DCA is a good strategy to accumulate Bitcoin because saves us the stress of going through market charts to look for when to buy when it can cause a lot of confusion for new investors that don't know how to read charts and analyze the market. Consistent purchase of Bitcoin will help investors to buy at different prices instead of buying at once.

You can have financial freedom with Bitcoin but not directly the way some people think about it. Bitcoin investment years ago are the kind of investment we can call financial freedom. Money invested in Bitcoin today is securing the future as hedge and also protection of wealth. Don't because you invested in Bitcoin today you will automatically make financial break through like people that did years back. I know nobody can say about the future but keep your expectations low for your mental health.

Do Bitcoin investment as like someone who like the investment they are doing to secure their future, even though some people will say don't expect Bitcoin will grow. Well I do, but better manage if you reduce your expectations. Or you get more than you expected like people who invested years back are enjoying now, then appreciate it and if it's not like those years, celebrate life. Better than holding fiat that will never appreciate in value.