Replies (94)

Cindy's avatar
Cindy 1 year ago
Never stop buying, doesn’t matter what the price is.
NaturalNerd's avatar
NaturalNerd 1 year ago
I just set up a dca and don't really worry about price. If there is a big dip I may buy more. Once I have enough on the exchange for a good size utxo, I withdraw to cold storage
Jacob Drafts's avatar
Jacob Drafts 1 year ago
Whatever the price is every Wednesday when my automatic purchase goes through.
If you're worried about prices volatility than it's best to Dollar Cost Average (DCA) which is just buying alil bit every day or week or month depending on how often you want to buy, this just somewhat eases the emotional volatility of thinking you missed the boat. If you buy at 60k and it goes to 50k than youre going to be upset that you rushed in at "high" price but if bitcoin goes from 60k to 70k than you'll be upset that you didn't but more so it just makes it simple to DCA.
I buy on the payday irrespective of the price. Simply ignore the price. But if it really dips, I buy double - if I still have fiat xD
Same. I started in Bitcoin at an ATH. Over the years, it has averaged out to the point that I'm still ahead of my peers even if a 50% dump happens.
Don’t game bitcoin like fiat. When BTC hits1M, you won’t be worried about having bought it at 16k or 61k my friend. Some humble advice from a healed human/carnivore. Thanks for all you have given to the world to heal us doc.
Price isn’t the right word, it’s an exchange rate. Personally, I think being able to exchange something nearly worthless for something so precious for this rate is a good deal! I exchange as often as I can.
R's avatar
R 1 year ago
Every time I have fiat with no short term spending plan (bills) it gets converted to bitcoin irregardless of current exchange rate.
Lostdog's avatar
Lostdog 1 year ago
1 BTC = 1 BTC The bottom of your fiat is immeasurably deep, the sooner you exit, the better
bc21's avatar
bc21 1 year ago
STAY HUMBLE AND STACK ZAPS
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Rand 1 year ago
i can't help consider/ but butt /consider helps me .(0_O) liabilitieslead
DJ's avatar
DJ 1 year ago
For the kids
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Rand 1 year ago
but t-y butt t-y 2 .i bless my butt daily & same to allfrens gr8days!
Brian's avatar
Brian 1 year ago
The one thing I miss about kyc bitcoin
I'm buying at every price. ... I call it saving ... and I save in bitcoin. Every time I get paid, what I do not need soon goes into bitcoin for long term savings.
You're not doing it right if you still have money to spend. You just go all and take the beating. That's how we learn that's the way.
Don't think of it as buying. Think of it as exchanging one currency for another. The difference is bitcoin is money, not currency. So always exchange worthless currency for hard money.
EDJ's avatar
EDJ 1 year ago
Any recommendations for doing so in Europe? I've been looking around a bit since Relai was forced to apply KYC to even the smallest purchases.
PHILIP's avatar
PHILIP 1 year ago
Guys, stop. Makes me sad.
I get paid in dirty fiat and regularly perform alchemy asap. Rarely look at price. Dollar cost average is addictive
I exchange the carbs I grow weekly for pretty regular amounts of beef, butter and bacon. Occasionally when I see that my budget is running smooth and I have some excess carbs in storage, I target a sale on some higher quality beef, butter and bacon to stock up or have a treat. Maybe some eggs. Replace the BB&B with BTC and the carbs with fiat, and the analogy is complete.
DCA (dollar cost averaging) is the way. Set it and forget it, automatic buys on a set interval so you don't have to think about it. I don't know/care about the price on any given day, and that's just the way I like it. Auto-stacking zen so I can focus on life and creating value for others.
DCA (dollar cost averaging) and just keep stacking. It's money, it's a saving technology, and ever so much more than that. 1 BTC will always be 1 BTC. Here’s how to best save in BTC: 🧡image
DCA is great advice. Its surprising that humans haven't worked out their massive disadvantage in the investing lottery. The stock exchanges are run by robots with no emotion and near perfect knowledge and instantaneous reactions. And those behind the algorithms don't see it as a game, it is a job and they are only there to win. We can't possibly compete on that level, and hose that do are the poster children for attracting disproportionately more retail failures. And letting emotion get involved in investment decisions is just inviting lottery squared. Be like Bitcoin, tick tock next DCA, assuming you have regular funds that can be considered for savings purposes of course. 95% of the world doesn't have that luxury off the bat and has to sacrifice something to acquire their bitcoin. Another reason why BTC makes sense for the poor - to actually know their energy store is pretty safe from the inflation machine, another smoke and mirror invention designed to rob the unwaryl.
Buy #Bitcoin daily (NOT ETF). Move to cold storage every few grand. HODL 10+ years. Super easy but not simple to stay with it. During blow off tops DCA out a little and enjoy life. DCA out based on longterm goals. Set goals here. (class of 2017 doing this)
HyperTangled's avatar
HyperTangled 1 year ago
All the prices KEN!!! YOU BUY ALL OF IT NOW! AND EVERYTIME YOU GOT WORTHLESS FIAT CURRENCY!!! You convert it back to the best money! Hope you understand now 🙂
As many here have noted, Dollar Cost Averaging is the way. Remove the emotion and temptation to try (and certainly fail) to time the market. @strike and @River, among others, make this very straightforward and largely fee-free.
Buy a steak for dinner, and then buy #Bitcoin with the money you saved on non-carnivore sides 😎
PrestonPysh's avatar
PrestonPysh 1 year ago
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