Post
Topic
Board Bitcoin Discussion
Re: Long-term Bitcoin accumulation continues
by
Ultegra134
on 20/02/2023, 21:15:38 UTC
As much as people may claim that 2022 was a disappointing year for cryptocurrencies, I beg to differ. I'm not actively purchasing Bitcoin, but I'm saving each signature campaign payment I receive, which is pretty much the same thing. On average, I'm "purchasing" $200 worth of Bitcoin per month. The amount of Bitcoin I received in 2022 is significantly larger than in 2021. Thus, this market condition is a great opportunity to acquire as much as possible for the distant future, when we'll hopefully start seeing a recovery.
I tried with you at every payment for the signature campaign, it will not be sold but kept on hold until it can accumulate more because I believe it will be better than selling just a moment after the money can run out.
If you save in every payment then this is the same as DCA every week I myself is $60 and $240 per month is enough for me to save bitcoin as an additional accumulation and while for other data with bitcoin that I bought before it is also differentiated so that the two are should go well.
I'm doing exactly the same. Receiving regular payments from signature campaigns is no different than purchasing Bitcoin yourself. It's actually a great way to acquire Bitcoin if you're not willing to risk your own money. You could potentially sell the minute you receive your payment, but personally, I don't think it's worth it; holding is much more beneficial in the long-term. I'm a little away from my DCA, which is sitting at approximately $28.000 since two years ago when I started receiving signature campaign payments, which isn't too shabby. There's a decent profit margin to be made.
Oh yeah me too! It's one of the way to accumulate bitcoin consistently. It's my own little way of doing DCA since it is assured that you are being paid every week and you will not worry about the hassle of buying bitcoin with your own cash every week. Its hard to expect a good profit from what we are standing right now, I believe it is just way more better to just wait and be more consistent in doing DCA and not touching the payment we are collecting every week. Long term is more worthy since we know that tit will appreciate over the time.
It's a relatively safe-ish way to accumulate Bitcoin, without risking your own money. It's still money since you could also use an exchange's address and sell them immediately, but if you're being paid a fixed amount in dollars, saving it seems like the best option in the long-term. In our case, having realistic expectations is a must. We shouldn't anticipate yielding 10x gains; I'd be satisfied with a 2x yield too, which shouldn't be too much to ask for. Anything between $50,000 and $60,000 is quite realistic and could be expected in the upcoming year or two.