Hello everyone!
I’m new to the world of Bitcoin and I’m looking for some advice on how to build a position in Bitcoin with $20,000. I understand that Bitcoin is a volatile asset and I want to make sure I’m taking the right steps to ensure a successful investment.
I’m looking for advice on the best way to go about investing this amount of money. Should I invest it all at once or spread it out over time? What strategies should I use to maximize my return? Are there any risks I should be aware of?
Any advice would be greatly appreciated. Thanks in advance!
Cheers,
[Your Name]
If you can handle volatility, lump sum
If you can’t, DCA.
DCA is good but it’s pre halving and time is running out. A good strat might be lump sum 10k and if we get a crash throw the rest in. If no crash in a few months DCA the rest in. I am doing DCA right now but I already have a decent position.
Lump sum Oct 16, 2023, hodl 2yrs, sell all on Oct 16, 2025.
Nut up and ante up $20k
Dca over 12 months
The right move here is 20k lump sum, take that to compound d borrow 50% on stables, use 5k for options (earnings week) next month and 5k remaining for dca… Unless you have the balls to do an alt something in the top 20 and wait for it
4 chunks between now and april.
Wait till the market is down.
bitcoin isn’t stocks, you go all in, then hold for the rest of your life. live in a car and sleep inside a sleeping bag
All in dude are you kidding? Have some balls! Be a legend! As God intended, brother.
Wait til the price spikes then buy. When the price tanks, sell. Rinse and repeat.
Market buy habibi. King shit 😎
Whatever you do, ignore any direct messages you receive here. They’re all scammers.
Don’t DCA specially in small quantities. Taxes are a pain on it. Either buy it all at once or divide it in 5-10 buy ins.
Lump sum beats DCA on average.
If that $20k is destined for bitcoin, deploy away. If lump sum is scary, lump half and DCA the rest over a couple months.
DCA, try and do an amount which will allocate all of your funds by the halving.
So maybe something around 3k a month. If there is a big dip. For example BTC goes below 20k, I would increase my DCA or do a lump sum.
Anything under 30k is good, under 25k great, under 20k amazing.
I’d personally buy $60k in bitcoin with that $20k
I would buy abt 4k a month. Check my comment history to see what im like
DCA or LS Once you truely understand it you realize every day not owning it is a risk .
Wait till it’s 20k a coin buy a coin and then brag in twenty years when you have one out of 21 million and either have people be in awe or shame of you
Once a week …. Equal amounts …. But , if it’s a red week double the amount …. If it’s a green week 1/2 the amount
Always DCA. And Buy big chunks on the dips
At the current price, you can go all in at once, or do a weekly 2500. It doesn’t matter in the long-run. More importantly, where do you intend to store the bitcoin? Get a cold wallet if you don’t already have one.
Lump sum with whatever you can deploy right now, then DCA from monthly paycheck
Asymmetric risk to the upside IMO. Could Bitcoin head to $20-22k? Sure. Lower is possible but likelihood of a bear market bottom being in is high.
Where’s the upside potential this cycle- let’s say $200k. A 10x return for a risk of 20% loss. That’s the way I’m thinking about it, which means I’m almost certainly wrong and it’s going lower or won’t make a new ATH or something else crazy.
Happy path -> ETF approved, halving, QE all in the first half off next year leads to six figure BTC.
Unhappy path -> All ETFs rejected, no QE until 2025/26, muted bull market and back into a bear market
Lump right now
Wtf is this shit.
Dump it all in, be patient if it drops to $5k. Diamond hands mother fucker. You better buy more at $5k. Then watch as your investment goes to $70k
lump it. Find some sucker who will part with most of a BTC for your worthless pile of fiat as quick as you can.
After the halvening, miners turn off their gpus as it’s no longer profitable and they jump ship and sell. So around the halvening early on 2024.
But for now, setup a CEX account, and a hardware wallet, and do a test transaction to make sure the CEX is faithful. Do a test transaction when you buy large too, try and move it right after you buy, you may only be able to do chunks of 5k on something like Google pay through coin base. Up to you, there may be better CEX available.
DCA + BTFD + All-In before the Halving 🚀
buy a hard wallet and the coin
Buy 20k of bitcoin?
I would just lump
Pay me first then i’ll tell you what to do. Aint shit free
What do u mean **How to hold a position** .
Just go and buy it and HODL.
Every big institutions on earth are coming and they’re buying all the Bitcoins. Finite supply. I’ll let you decide
Put a buy order at 22500
That’s all
Your goal should be to get to 1 Bitcoin and then you can relax and DCA. Bitcoin is a race against scarcity and scarcity ALWAYS wins!!
DCA
In my opinion I’d lump sum. I’ve had so many chances in the past to lump sum in to buy a lot of Bitcoin, but got scared and didn’t follow through, and I regret it every single time.
When BTC touches 22k price then deploy your position after that it will be the bull run.
You will be in profit for 70k atleast.
buy buy buy hoy shti byu, next year gonna be fuckin crazy for crypto. skkkkyyy high records. bet. all my chips.
Time in the market beats timing the market.
But I’m also a fan of DCA. Can maybe put 5000 in per month over 4 months? Also saw someone say 50% lump, DCA the rest. Depends on your investment horizon
If one believes in the 4 year cycle and/or the rainbow chart, we are currently in a relatively low price. Most likely the 15800 was the bottom.
With the price currently sitting at around 26500, that’s roughly:
– 67% up from the lows.
– 250% away from the precious ATH
So if you believe BTC will go back to or near ATH, it might be a good bet to just buy. Waiting for lower prices would have a negative risk/reward ratio.
Just my personal opinion. I am no investment specialist. Just a dude paying attention.
Half in one go. The other half, DCA for a period of time of your choice.
All in at once, not recommended
You still get time before Halving