Hello, I have never bought bitcoin. I want to start putting 500 dollars every 2 weeks into coinbase and then transferring the coins to a hardware wallet. Is this a better idea than say, saving a few thousand dollars and then buying in on a dip?
Hello, I have never bought bitcoin...
Angel Collins
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Gabriel Phillips
NO. save it and wait for the dip. thats what im doing. IF, there's a recession on the loom, CASH, is going to be king. assets are going to drained of liquidity, corporates are going to default on their loans, and BITCOIN will also fall because its not WIDELY accepted yet everywhere. AFTER THIS recession, bitcoin will blow up and will serve as a hedge for the NEXT recession.
youre welcome.
Xavier Hughes
You're not fit for crypto, go invest in yourself before you get burned.
Luis Reyes
don't bother with BTC, user. go for UNMOONED super low-cap (under 250K market-cap) moon-shots like Zuckbucks.
Joseph Sanders
can you elaborate or are you just calling me retarded?
Josiah Ward
More than 50% of people lose money investing in things like this, if you're lucky enough to get massive gains you still need to sell.
The feelings you'll experience during this are a ride, but they are exactly what people expect you to have.
This market is manipulated based on this.
If this is your first time, you've almost got to get burned to learn how not to.
If you're wise and wanting to learn first, start off small and then it's fun.
Otherwise, I can guarantee you won't take profit.
Jace Evans
thank you
Jason Perry
You obviously don't know how to trade or time the market, just dollar cost average
Kayden Cook
Also don't fall for this.
The first part is true, but the zuckbucks part has no value.
There are countless reasons why at least 90% of crypto's will die.
Study them and pick your poison based on knowledge.
Be careful with biz shills, the discord tranny memes are real and coördinated teams will try to pump a crypto.
When you hear them you're already too late.
Brandon Stewart
Watch videos on Elliot Curve and Fibonacci and how they work together. Always do opposite of what jews say and remember that Jow Forums is akin to wading through an ocean of fecal matter while looking for a pearl.
Jackson Nelson
wasn't really looking to get into any alt coins anyway, learning about btc seems to be a lot to handle already. I wageslave so I can't afford to diversify across multiple coins (I do invest in a 401k and IRA as well).
yeah
Jason Williams
Average cost buying is the safest approach. I'd say the user you are responding too is the retard.
Thomas Scott
Good advice.
Bentley Anderson
we dont know how bitcoin would react in a recession.
William Bailey
Woth dca'ing you won't have the gains as if you pocked the perfect time and price, but it will give you a good average buyung price if you do it consistantly
Aaron Bennett
I cant beileve no one has told OP to buy LINK yet.
OP if you were here since 2017 you would have bought link
it literally turned out to be one of my best investment decisions ever,
even if this goes sub one dollar ill still be in the greeen
Robert Kelly
Pretty good advice for stocks but not for BTC. We cannot predict how BTC will move during recession.
Angel Scott
Checked, link is the real deal. DYOR.
Noah James
>Too
t. Retard
Christian Clark
How are you so sure it will dip though? BTC has been on a rise since April, if it continues with this trend we might see ~18k EOY
David Campbell
Ignore the blackpill fags.
This is exactly what you should be doing as a novice.
As you get better at understanding the chart, you may start aiming to add during dips. But as a novice, there is almost no reason to do that (particularly before a bull run).
By buying on routine, you also protect yourself from fomo and fud trades that will fuck you over.
Your next step after setting up a repeat buy should be to look at the chart, play with TA and start fiuring out where ou want to stop* adding to your stack (I wont buy over 15k$)
And then when you want to reduce your stack- mine is 50k-200k.
Regardless of if it goes down, just keep adding to the stack. Seriously, if youd just started doing this a few years ago youd already be rich. Not too late for you to start.
Carson Morales
How would setting up repeat buys be better than waiting for a dip and going in on that?
Idk much about this but I also have some disposable income every other week to invest into crypto
My reasoning is that setting up buys at certain intervals over weeks might lead to you buying
at higher prices than you'd be comfortable with?
Jayden Thomas
Based user is based. Literally between all the faggots that want to shill you their shitty coins, they fucking useless links, is there an rational being that gives an rational, educated answer. Chapeaux* sir
Daniel Harris
we dont, correct. but WHO is going to be trading shitcoins when theres a recession and people are laid off/unemployed with no easy credit available to continue on this ponzi of the legacy economy? people will learn about why bitcoin is a GOOD hedge after this recession and it will rise in liquidity as businesses will HAVE TO accept it because THEY WOULD BE STUPID NOT TO if BTC's mc is over 1T.
Jordan Cox
btc crashed with everything else at the end of 2018
Cooper White
this is whats going to happen if we dive into a deep end recession. the rich folks will just wait for bitcoin to be drained of liquidity as it falls into the 5k range (my thoughts), and the big dick money will enter and buy up tons of BTC. this will start the REAL golden bull run which will see bitcoin run up to 100k+. big dick money is ready to act and they dont give a fuck whether they buy at 5k or 10k, but, big dick money also understands economics and has plenty of smart people on their side. and theyre not going to make moves until they see what the legacy economy does and what the 2020 election looks like (probable winner). this shit is all rigged remember that.
Ryder Ramirez
Thanks user
so you're saying that for you personally, you stop putting money in when btc hits 15k? and you will look to sell some off when/if it hits 50-200k?
Bentley Martinez
the gloves though
the gloves are great
Anthony Fisher
>IF, there's a recession on the loom, CASH, is going to be king
Are you retarded? In a recession, gold is king, cash slowly becomes worthless. And BTC is closer to gold than to cash.
Look at what happened to BTC when the Chinese yuan dumped a few days ago.