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In my @finacialgoals2021, I argued that one of my goals was to start accumulating BTC.
My financialgoals2021 post: https://leofinance.io/@queengaga/my-financial-goals-2021-yeah
I started to make my first purchases of BTC in 2019 and accumulated about 0.4 BTC. In 2020 I distributed my bitcoins in other currencies until I was at 0 BTC.
I have seen the value of Bitcoin quadruple since I stopped owning this currency, including the spectacular rise in the last two weeks. I have never seen a bull run like this before. And I have been left with the "bug" of accumulating BTC.
After the last few days, we have seen BTC hitting all-time highs on the charts day after day. Today it seems that it has corrected the price a little. The price has fallen to ~10K in just one day...
That is why I wanted to explain, that I take advantage of this drop to embark on a challenge that was proposed by @resiliencia and @empoderat.
About a month ago these well-known users exposed the idea of starting to accumulate small amounts of bitcoin with the main purpose of accumulating for an indefinite season. I have been following their publications these last weeks and both seem to have obtained good results. Between them they agreed to make weekly purchases of between $50~200 in a "holding wallet" as discussed in the following posts.
Is this a good time to accumulate BTC?
<< Another topic question... >>
IT IS ALWAYS A GOOD TIME to accumulate BTC whatever the price.
THIS IS MY TURN
<< MY LITTLE BITCOIN HODLING CHALLENGE >>
That's why I'm willing to accumulate it a little bit every week. I will adjust the amounts at my free disposal. In principle, I plan to invest a minimum of $20, and up to $100 whenever I get the fever of the FOMO.
I will report my progress weekly. I will display my data on a spreadsheet, as well as displaying @resiliencia and @empoderat.
Proposal of the movement:
https://leofinance.io/@resiliencia/dollar-cost-averaging-with-bitcoin-episode-1
https://leofinance.io/@empoderat/bitcoin-hodling-challenge-introduction
I will experience this form of accumulation over a period of time indefinitely. The aim is to get better results from my portfolio.
Anyway, I'm getting on the boat of it guys. I hope that you will encourage us to follow this challenge and that we will be more and more.
Thanks for reading me. ;)
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Recommend to try Venus in Binance Smart Chain to compound urself. A 5-10% yearly is easy.
For the weekly deposits, you can deposit through Binance doing a bank transfer without minimum (saving 1,5-5€ in fees).
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So interesant, I have realized that I must rethink the way I accumulate my btc, so I might be interested in your proposal. Thank you my friend.
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A mi no e able asin eh te via hakiar
Parlam en català cony, que semblem desconeguts tsé
Every time it is a good time to start to accumulate BTC.
Sometime ago I have done some trades to grow my BTC amount but after that I stop it and decided to only accumulate BTC with dca and trades in alts needs to be with fresh money to not take the risk to lose some sats.
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The truth is that I understand that this happens with ether, at the moment it has a very high cost in transactions. And, I don't think I understand the acronym DCA. I'm sorry.
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DCA it is dollar cost average
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sorry man i prefer invest in ltc, ada, block hive, and of course leo.
slowly slowly and or course dogecoin
btc is to expensive right now.
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In my opinion, I feel good accumulating BTC. As long as I am clear that it is not money to be taken out, but to accumulate in the long term or to play with it, at a given moment.
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