Ninjastic
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Topic
Board Speculation
Re: A Saving Plan
by
luca1073
on 25/02/2020, 14:59:30 UTC
Quote from: Smitty Werben Man Jensen on February 21, 2020, 01:40:48 PM
Quote from: wheelz1200 on February 20, 2020, 09:31:15 PM
Quote from: luca1073 on October 30, 2018, 01:24:20 PM
I have a small plan and i would like to ask your opinion about it. I have already accumulated approx. 1 BTC by buying small amounts here and there (also through faucets) but constantly. I have approx 0.70 btc in other crypto(bought cheaply in the past) but i plan to exchange in btc later if needed and if worth it. My actual plan is to buy daily fractions of btc ad long as price stays below 10.000$ / Btc and stop if and when surely it will go above that level. Basically i' m taking advantage of BTC "cheap" prices to speculate on the future value (probably a few Years) for future spending, selling, or simply storing it. What do you think about it? I want to set a limit somewhere and i think if price stays above 10.000$ it will mean that banks and institutions will have entered the market already and i will simply enjoy the profits. Does it seem like a good plan? i really believe that Bitcoin will become very very valuable in the foreseeable future.

I like it.  Fractional buys or periodic buys are a way to not "time" the market.  I always subscribed to incremental buying, it allows you to see the major spikes while also being able to cost average lower if it dips.  Whether bitcoin or other markets it's a sound strategy
Do you mean to prepare 50% -70% of the funds you have to buy again when prices are below? is it called Fractional buys ?, I just heard it this time, so sorry if I ask about it, it is natural for traders and one of the best methods to avoid losing a lot.

i don't know if you were referring to what I do or what the other user said but what I do is very simple. I trust Bitcoin more than fiat currencies (even if I'm 46 Smiley so I'm slowly exiting my currency (euros) and buying small or bigger amounts(more in the past) at different price levels(called dollar cost averaging). I try to buy on the dips of course (usually at least - 5 %). any price is good if you believe in bitcoin so buy what you can, anytime, but of course, to profit more , try to buy on the dips. i really believe in the stock to flow model chart by plan B . it has been very accurate in the last ten years. i believe bitcoin will get to min 100 k max by the end of 2021. it may happen earlier. i don't see anyway bitcoin below 50 k by the end of 2021. also i'm not a fan of governments and i love the decentralizetaion of bitcoin, i love that it is borderless, relatively very fast and definitely very cheap (especially for big transactions)