12H·

My Bitcoin problem 🧡

GM,

Last year I bought Bitcoin regularly and built up a position of 0.03 $BTC (-0,41%) position. Looking back, I regret that I bought so little. 🤪

But now I don't really have the confidence, as it feels as if the price has run away from me. If you look at the past cycles, you could even take profits now and build up a proper position more cheaply in a few weeks/months.

But who told me that the cycle would repeat itself again? Maybe everything will be different this time? A good reason for this could be all the institutional hodlers.

I still have a confession to make: If I had bought Bitcoin of Trade Republic, I would have stayed on the ball much more consistently because it's just so uncomplicated there, but buying on Relai means for me: sending money from my account to Revolut and from Revolut to Relai (since my house bank charges horrendous fees for transfers to Switzerland) .

What I appreciate about Relai is that, depending on my risk tolerance, I don't need a wallet.

My registration with Strike didn't work and I didn't get any feedback from support.

I also have an account with 21Bitcoin and did a small test buy and sell many months ago and it might be an alternative.

How would you proceed now and in the future if you were me?

To the Moon 🧡

12 Comentários

Stefan21@stefan_21

12H

You will always have this problem with Bitcoin :)

"Why should I buy at 30,000 when I could have bought at 15,000 recently"

"Why should I buy at 50,000 when I could have bought at 30,000 recently"

"Damn, I should have bought at 50,000. Now we're at 80,000 and I'm waiting for it to go down again"

"Crap! Now the price is at 100,000. I should have bought at 80,000 ..."

And in 5 years you'll probably wonder why you didn't buy at 100,000. I think the most important thing with Bitcoin is simply to stick with it.

Why don't you set up a savings plan and a standing order to Revolut + a standing order from Revolut to Relai :)
Then you don't have to worry anymore and buy regularly - and when the next bear market comes, it's all the better because you'll get more Bitcoin. And if not, you can look forward to rising prices.

And if the price has fallen by 20,30,40%, you can also take the trouble with the transfers and make targeted individual purchases :D
At least that's how I do it.

And what I now also do is "reward" myself with a Bitcoin purchase when I've saved money😂
For example, if I cook for myself and we save €50 because we would otherwise have spent it on Uber Eats, I spontaneously buy €50 worth of Bitcoin😂 It's a great way to change unwanted behavior and I also get something out of it😅

•

Maximus@M8x1mus

10H

Hey!
As several people have already suggested, I would do DCA and save X amount in BTC every week/month. I'm sure in 5 years the price will be so high that you won't care whether you bought BTC at €70,000 or €100,000! :)

•

Chris2003@Chris2003

12H

Strong return and great purchase price! If you believe in Bitcoin in the long term, I wouldn't try to time cycles but prefer to buy and hold.
That's how I do it. If the price falls sharply, I buy more. :)

•

Femke@femkelbn

12H

Unfortunately, I can't really help you there, but I'm feeling the same way right now. 🥲 I had a pretty decent portfolio with a well-developed Bitcoin position at a cost price of around €32,400. Then had to liquidate my entire portfolio due to personal circumstances and am now starting all over again. Problem: I had such a great initial price for Bitcoin and it feels absolutely wrong to start again right now at these prices. I would actually like to wait a little longer, but who tells me that it will correct much at all in the near future? I've now set up a mini-mini-mini savings plan for myself (daily; starts tomorrow) to at least start again slowly in really mini-steps. I'm hoping this is the right way to go and then I can really hit it when the previous cycle does come back. 😵‍💫

•

TotallyLost@TotallyLost

12H

Just ask yourself the question:
How much % do I want in my portfolio?
If you have less, you buy more.
If you have more, you buy the rest. 😘

•

Max@Divident_e

11H

Thanks for sharing 🤩

•

Steven Schmahl@mehr_dividende

10H

I always buy Bitcoin weekly in a savings plan. No matter what the price is. If Relai is too complex, why don't you just use Bison or Bitpanda? Bison has low fees and you can transfer directly from your account. With Bitpanda, you can even deposit and buy directly with Apple Pay or Google Pay free of charge.

•

SaMa@SaMaInvesting

If you don’t need to money keep dcaing no matter what.. thank me after 3 cycles.

•

ETF S.@ETFSchamane

We Stefan21 says
Set up a savings plan. Then you don't have to worry about it.
If I think it's cheap or dips at the current time, I'll buy extra. Even if I increase the price of my equity.
Of course you can gamble on a bear market. But what if we have a 20-30% drop (as an example) but the price was already at 150-180k?
Then you probably wouldn't have done any worse with a savings plan, but in a relaxed way.

•

Marcie@Marcie

You don't need to transfer money to Switzerland, but instead transfer it directly to private individuals who sell the coins. You then either leave the Bitcoin at Bitcoin.de or transfer it to your own wallet. Just keep doing this regularly and in 10 years you'll be rich 😉

•

Ahmado@ahmado1310

Long live BTC savings plan on TR. Uncomplicated. I don't pay anything for storage, only I can't move any to cold wallet. Up to 100k I don't care, then I go somewhere else. Why am I doing this because of taxes and the savings plan costs nothing!

•

user5ca946a11b6a4278@user5ca946a11b6a4278

Set up an account with Bitvavo. Just buy Bitcoin regularly. Don't think too much about it. 0.03 is really nothing 🤷🏻‍♂️
Btw you can also buy Bitcoin via Paypal on Bitvavo on Sunday evening. Mega nice. It's done in 1 minute.

•