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.
This is your perfect time mate because Bitcoin is bellowing $8k and seems that there are more dumping will happen in the next days (But not will fall to 6k)
actually i try to do this way wack to at least Put some part of my monthly paycheck to bitcoin but i stopped last year because of some emergency issues and i need to pay loans until now,but lucky that My bitcoin are intact and still in place to my hands and waiting for the Bullrun to come.
I make monthly investments in Bitcoin, which consist of a certain part of my salary. But I do not expect too quick income, because I make investments for a long period. Of course, it is difficult to call it a reliable repository for money, because prices either rise or fall, so I prefer to keep my money in more stable values. But Bitcoin is sure to make a profit, but only after a long time.