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Author Topic: How often do you buy bitcoins at this time?  (Read 3231 times)

Offline salad daging

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Re: How often do you buy bitcoins at this time?
« Reply #15 on: January 20, 2024, 11:51:55 PM »
As long as I can afford it, I will continue to invest in bitcoin, not all assets are in bitcoin but at least bitcoin is more than other assets.

Until now, I still continue to do DCA consistently even though it is once a month, for me it doesn't matter as long as the accumulation continues if it is still possible, because after all we have to manage finances first the rest is spent on bitcoin.

Of course I will wait for the bull market because there the profits will look quite large even though it is now 40% of the profits from DCA.

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Re: How often do you buy bitcoins at this time?
« Reply #15 on: January 20, 2024, 11:51:55 PM »

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Offline bitterguy28

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Re: How often do you buy bitcoins at this time?
« Reply #16 on: January 21, 2024, 07:54:45 AM »
I cannot tell what my complete plans but what I know is I am ready to whatever it takes , sideways? i care nothing because I am willing to keep holding.

Market Bullying? i care nothing because I can sell my coins then.

This is not about what and how much are we buying but this is about how we can manage to keep with how the market moving .

Offline Fivestar4everMVP

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Re: How often do you buy bitcoins at this time?
« Reply #17 on: January 21, 2024, 01:20:06 PM »
I think for now, I have enough bitcoin I am holding which I bought when it was more cheaper, though I still bought some when the price of bitcoin was a bit higher, but overall, I am in profit ans I am no longer buying bitcoin, what I am focused on right now is getting some really good altcoin to invest in, I will hold my bitcoin for as long as it takes for the next bull run to come, and I plan to sell it when bitcoin reaches a new all time high, and then wait for the next bear season to start accumulating again.

Right now, what I am buying is altcoin, I am always on the look out for altcoins with good profit potentials, I plan to hold both bitcoin and those altcoin I currently have and will still buy, all through to the next bull run, sell them at all time high and then, start accumulating again when everything in the market start crashing again.
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Re: How often do you buy bitcoins at this time?
« Reply #18 on: January 21, 2024, 01:36:41 PM »
The bull rally has started because bitcoin moved from 18k to 20k, from 20k to 25k and then till particular price range and we still don't consider this as the bull rally, I have bought to my limit but wanting to know on what capacity could someone sell of their holdings do we solely rely on having our double money invested or what should take profits from when we think is good enough. If you think buying bitcoin still open for you then you should apply a DCA method which would help you to accumulates bitcoin gradually as well as the price will keep increasing or decreasing. DCA helps you to fill up to your budgets on what extent you can buy along side as the price keeps changing over time.

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Re: How often do you buy bitcoins at this time?
« Reply #19 on: January 21, 2024, 03:13:24 PM »
How often do you buy and how long do you plan to hold bitcoins?

Should You Use DCA Method When You Buy Bitcoins Can Bitcoin Investing Using DCA Method Be Profitable?

How high are you planning to invest Bitcoin and sell it, are you prepared to wait until the bull market???
op When I invest in Bitcoin I definitely have a long term plan.  If we invest in Bitcoin patiently with a long-term plan, we will definitely be successful through it. Those who are new to Bitcoin invest in Bitcoin in a hurry without checking the market. Investment in Bitcoin cannot be rushed. If we check the market and invest patiently with a long-term plan, we will definitely get success through it.

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Re: How often do you buy bitcoins at this time?
« Reply #20 on: January 21, 2024, 03:27:06 PM »
How often do you buy and how long do you plan to hold bitcoins?

Should You Use DCA Method When You Buy Bitcoins Can Bitcoin Investing Using DCA Method Be Profitable?

How high are you planning to invest Bitcoin and sell it, are you prepared to wait until the bull market???

I have small bitcoin already that I bought when the price were cheaper back then, that's what I plan to hold even after the bitcoin halving but there is a good opportunity even with the current price of bitcoin and it will be suitable to sell it as the price appreciate with cause of halving, there is money to be made with Bitcoin if you understand the dynamic of the market.

I have strong believe for Bitcoin to soar high but what I can't say is what will happen, last 3 days bitcoin dumped below 40k for the fist time since ETF hype kicked in and it was reported That Grayscale deposited some amount of bitcoin into coinbase custody which spark a lot of reactions and market dump. Now, imagine this people who have billions in bitcoin selling their bitcoin now, how do you get much confidence in the long run? That's why I can't really say what is coming next for Bitcoin price.
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Re: How often do you buy bitcoins at this time?
« Reply #21 on: January 21, 2024, 03:54:27 PM »
How often do you buy and how long do you plan to hold bitcoins?

Should You Use DCA Method When You Buy Bitcoins Can Bitcoin Investing Using DCA Method Be Profitable?

How high are you planning to invest Bitcoin and sell it, are you prepared to wait until the bull market???
I started DCA BTC in 2022, when the price fell to $17K after Terra event, and am continuing DCA every week. Because the time BTC was at the bottom was quite long, I had the opportunity to buy a lot of BTC at low prices. Currently, I still have a profit of about 100%. This is a confirmation for the DCA strategy for potential assets like BTC. Even though it doesn't generate 900% returns like SOL, it's still pretty good for me.

According to market cyclicality, I expect that BTC will reach $150K in 2025 and I will start selling when BTC approaches that price range.

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Re: How often do you buy bitcoins at this time?
« Reply #21 on: January 21, 2024, 03:54:27 PM »


Offline LUCKMCFLY

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Re: How often do you buy bitcoins at this time?
« Reply #22 on: January 21, 2024, 08:53:23 PM »
In fact, things are quite strong when it comes to how to have more bitcoin, everyone is still thinking about why bitcoin fell after the ETF was Approved ? If Everyone was blocking the opposite movement? How is this possible? Well, very simple, things can manifest themselves in that way because in the bitcoin market, sometimes everything Opposite to what we believe happens.

When we are looking for a way to have more bitcoin and if the price goes down , like right now, how often should we buy it? I think that with the most Possible it is much better that way, as I said before, most people thought that the price would go up, but it didn't , so if the opposite happens we must be very emphatic people in what we do and accept those designs, therefore the more we understand the more money we will have in the near Future , for me this year is going to be a great year for bitcoin to rise more.
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Offline MUGNIA

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Re: How often do you buy bitcoins at this time?
« Reply #23 on: January 21, 2024, 11:25:54 PM »
How often do you buy and how long do you plan to hold bitcoins?

Should You Use DCA Method When You Buy Bitcoins Can Bitcoin Investing Using DCA Method Be Profitable?

How high are you planning to invest Bitcoin and sell it, are you prepared to wait until the bull market???

I don't use any system, just buy when it's low, keep it until a certain time, and sell when I need it, provided that the price is right and I don't experience a loss,
but from 2022 I will only buy it and not sell it.

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Re: How often do you buy bitcoins at this time?
« Reply #24 on: January 21, 2024, 11:47:36 PM »
How often do you buy and how long do you plan to hold bitcoins?

Should You Use DCA Method When You Buy Bitcoins Can Bitcoin Investing Using DCA Method Be Profitable?

How high are you planning to invest Bitcoin and sell it, are you prepared to wait until the bull market???

I don't use any system, just buy when it's low, keep it until a certain time, and sell when I need it, provided that the price is right and I don't experience a loss,
but from 2022 I will only buy it and not sell it.
When our mindset is to invest in Bitcoin for the long term, yes, this is one strategy that we can apply. Because after all, we believe that Bitcoin will definitely be able to rise again, especially in the Bullrun later. Basically, whatever the strategy, whether with DCA or another strategy for accumulating Bitcoin from the start of the bearish period, it will definitely be very profitable when we hold until at least the next bullish era. As long as we are never tempted by small increases or panic when the market drops suddenly. So it really requires full patience when we hold for the long term.

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Re: How often do you buy bitcoins at this time?
« Reply #25 on: January 21, 2024, 11:57:09 PM »
How often do you buy and how long do you plan to hold bitcoins?

Should You Use DCA Method When You Buy Bitcoins Can Bitcoin Investing Using DCA Method Be Profitable?

How high are you planning to invest Bitcoin and sell it, are you prepared to wait until the bull market???

Using DCA has been proven to be one of the best methods to acquire bitcoin over time, which I have also used quite sometimes now, and I have also recommended that for others, which I still do, but over the past few weeks, getting to the point where the network is congested, I don't see DCA as the best means to start accumulating bitcoin again.
 
I said the above because because you can buy a little with your small amount and try to withdraw it back to your private wallet from wherever you might have purchased it, the fee that you will be forced to pay will keep you on the losing side compared to how much you have used to buy bitcoin, unless you are going to use a centralised system and decide to hold it there for a long time until you have been able to accumulate more than enough to cover the fee expense.

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Re: How often do you buy bitcoins at this time?
« Reply #26 on: January 22, 2024, 12:31:16 AM »
How often do you buy and how long do you plan to hold bitcoins?

Should You Use DCA Method When You Buy Bitcoins Can Bitcoin Investing Using DCA Method Be Profitable?

How high are you planning to invest Bitcoin and sell it, are you prepared to wait until the bull market???
I have been on DCA and it has been very easy for me to invest in Bitcoin. I think I will continue with the DCA method until the bitcoin price reaches 50k. When the price is 50k, I will stop  investing and begin to work out my exit plan.
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Re: How often do you buy bitcoins at this time?
« Reply #27 on: January 22, 2024, 12:48:32 AM »
I have been on DCA and it has been very easy for me to invest in Bitcoin. I think I will continue with the DCA method until the bitcoin price reaches 50k. When the price is 50k, I will stop  investing and begin to work out my exit plan.

DCA only works if you know if Bitcoin will surely increase on that price but take note greediness is also one of the reasons why holders and traders lose.

Since there is an upcoming event DCA would be a good strategy to buy cheap BTC and sell them once we see a new all-time high.
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Re: How often do you buy bitcoins at this time?
« Reply #28 on: January 22, 2024, 03:20:56 AM »
Since there is an upcoming event DCA would be a good strategy to buy cheap BTC and sell them once we see a new all-time high.

The problem with "sell them once we see a new  a new all-time high" is that we may keep seeing new all time highs every week in a bull market.

We may see a ATH when it reaches 66, then again on 67... it may go through some months.

I think the best exit strategy is to do something not very aggressive, selling just a few % of your portfolio every month when the price is very high. At most something like 20% in the same month... This is what I do.

I sold just a few last month to cover some of my month expensives (as we saw a great spike in the price).
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Re: How often do you buy bitcoins at this time?
« Reply #29 on: January 22, 2024, 04:59:14 AM »
Currently, the value of Bitcoin has increased significantly. In that case if I buy bitcoin now I will hold it for long term investment. I will wait until the bull market comes. The value of Bitcoin will increase even more in the future, which makes it wise to hold Bitcoin. So I also want to hold Bitcoin.

 

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