Original archived Re: Buy Buy Buy or Sell Sell Sell?
Scraped on 16/07/2025, 21:21:24 UTC
I also think so. It is better to buy through P2P by creating an account on a good exchange and verifying it. It is better to adopt the DCA method. You can buy weekly or monthly amounts of $20, $50, $100. It is better for traders to wait for the market to fall but not for holders. After buying $500/1000, you transfer your high security to a wallet. I created a wallet, saved the phase well, kept the wallet address, deleted the wallet and only transferred bitcoin from the exchange to that wallet address and I think this is safe and good. And I wrote the phase of that wallet in a diary and told my wife because if I die, she can find them.Because a few days ago a boy in our village died. He held Bitcoins like this but we don't know his wallet phase so they couldn't be saved anymore.
Some of your points are very good but some need improvement. Buying from CEX exchange is not bad especially if you are withdrawing weekly or monthly into your private wallet where you control the private keys. It will only be bad if you buy and keep them in CEX instead of withdrawing to your wallet. However, it is better to use DEX exchange to buy your bitcoin if you don't want to submit KYC.
Secondly, you should not wait for the market to dip before you buy, I know you referenced that to be what traders do but it is better we keep traders out of this discussion since what we are discussing is long term investment and not trading. Therefore, the DCA method is just enough for anyone that want to accumulate bitcoin for long term.
It's not a bad idea to wait for the price of
BTCto drop before buying , but right now it's prudent to adopt the DCA model or method, It's the best thing to do, the price of
BTCis rising and will likely rise further and if that's the case, you should still buy, even if it's just a little, the idea is to always follow that little impulse to buy, The more
BTCyou buy, the more you'll have You have to see
BTC as
BTC and not so much for its price, If you accumulate more
BTC, it's always much better, It's an investment in your future.
Waiting for the price of Bitcoin to drop before accumulating Bitcoin is not for Investors but traders and it's a wrong strategy of accumulating Bitcoin expecially for new investors, you won't have much Bitcoin to your portfolio because you are always waiting for the price to dip before accumulating, most of these people who always wait for the dip season end up not accumulating any Bitcoin because they might not see their desire dip, but with the DCA strategy one can accumulate Bitcoin without waiting for the dip to occur first because you will be accumulating irrespective of Bitcoin price either low or high regularly, consistently and persistently either every weeks or months and hodl for a longer period of time and it's far more better than waiting for the dip that might not even come.