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    Author Topic: What is your plan with Bitcoin?  (Read 2453 times)
    fuguebtc
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    January 20, 2024, 04:25:43 AM
     #181

    OP I've been investing my bitcoins with the dollar cost averaging method for several years like you. But my plan is not so big like yours. The dollar cost averaging method is best for those who do not have the money or ability to purchase large amounts of bitcoins at once. Those with low incomes can invest in Bitcoin very comfortably using the Dollar Cost Averaging method. My plan is that I want to hold Bitcoin for 10 years and sell it when the price of Bitcoin goes above $100,000.

    I am investing or saving my bitcoins for my children's future. My plan was to invest in bitcoins when my investment in bitcoins completes ten years when my child is about 13 years old then I will use my investment money for him

    How long have you been investing and accumulating bitcoin? Because according to your plan, you will hold for 10 years and only sell when the bitcoin is over 100k USD. Meanwhile, I think it won't take bitcoin another 10 years to hit $100k, and it could even happen next year . So will you sell your bitcoins or will you continue to hold on for the next 10 years ?

    I think the plan sounds simple but holding bitcoin for 10 years is not easy. You will actually do that if you temporarily forget about your investment and you are a well-off person with enough money to spend the next 10 years without needing this money . Except for those who bought and then forgot about bitcoin or rich people with excess money who can do this, for retail investors like us, I have not seen anyone who can do that.

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