Bought BTC at $109k and feeling the boredom. What's your long term strategy right now?

[u/Public-Lingonberry-2]

Btc is a bitch

[u/Woodstuffs]

Embrace the boredom. Buy more sats at a discount. Properly chill.

[u/Waste-Milk2716 → u/Woodstuffs]

You’ll be getting a lot more discounts soon with treasury yields rising 

[u/General-Ring2780 → u/Waste-Milk2716]

Yes ok. We will see. It’s been going up recently with yields just going up.

[u/Woodstuffs → u/Waste-Milk2716]

Don't do that. Don't give me hope.

[u/shoecellar → u/Waste-Milk2716]

What data points on all of the charts in history of bitcoin does it show that yields going up are bad for crypto? Same with fed hikes, 9 of the last 10 rate hikes led to bitcoin pumping! Look at 2022/23 we had the most aggressive rates of our life and it went $16k to over 40k.

So I ask, what exactly are you looking at that shows treasury yields going up are bad for the market?

[u/Waste-Milk2716 → u/shoecellar]

BTC bottomed in late 2022 after inflation had already peaked and the Fed had begun slowing the pace of hikes. During 2023 the Fed only delivered four 25 bp hikes, compared with 425 bps of tightening in 2022, and markets increasingly anticipated that the tightening cycle was approaching its end. Markets are forward looking. When Treasury yields are near zero, you’re sacrificing almost nothing in yield to speculate on BTC. When safe government debt pays 5%, that opportunity cost is materially higher.

[u/powerguy134 → u/Waste-Milk2716]

Don’t worry, this person doesn’t have a clue.

[u/twolinebadadvice]

if you want excitement buy cocaine

[u/qwilla_ → u/twolinebadadvice]

People in crypto need to hear this more often

[u/MusicalBonsai]

I mean, what did you expect? It’s not a toy. Buy and forget, like any other asset you plan on holding long term.

[u/michelhadorn → u/MusicalBonsai]

That’s the whole point. Buy and forget only works if you actually forget. Checking the price every quiet week and calling it a strategy is how people sell the thing they meant to hold.

[u/ComasArentFun → u/michelhadorn]

Eh I check it daily for funzies. But price action doesn't dictate any of my actions
Been holding for a few cycles now

Being hyper focused on price is only a bad thing if you allow it to force your hand, because then you're likely to lose out or screw it up through panic

[u/Ark3tech → u/ComasArentFun]

One of the things that gets you hardened real quick is round tripping your bags a few cycles and getting through the muck to become net positive. If folks can make it through that with Bitcoin, they can make it through anything.

[u/marshyr3d1and → u/michelhadorn]

Yeah except no one actually forgets, you just leave it alone

[u/michelhadorn → u/marshyr3d1and]

I actually did forget about some bitcoins I had once lol

[u/grutanga → u/[deleted]]

Why are you taking time to comment instead of playing the other side if you have it figured out lol

[u/mando_number5 → u/[deleted]]

Tulip’s don’t have permanent scarcity, you can always grow more

[u/World-Ender-109]

Keep holding. Boring is good.

[u/EdenaRuh]

This is why you never fomo in. DCA always. If it goes down significantly, then add more, if it goes up a lot, reduce the amount. If you go all in, this can happen. I wouldn't worry because it'll get back to 120k eventually but yeah, you've learned the lesson

[u/Imaginary_History985 → u/EdenaRuh]

It can rip right when you start DCA in. Would then lose a lot versus lump sum in. It's impossible to know.

[u/EdenaRuh → u/Imaginary_History985]

Long term, DCA is the most effective method. When looking back in time you may think "oh man, if I had lump sum at this time, I'd have more profits now", but when you go in blind, DCA is the safest and most profitable method.

[u/getwhirleddotcom → u/EdenaRuh]

It’s really not though. Time in is far more effective long term than DCA.

[u/Imaginary_History985 → u/EdenaRuh]

it's statistically proven that lump sum outperforms DCA most of the time, investing same amount for both.

source: https://corporate.vanguard.com/content/dam/corp/research/pdf/cost_averaging_invest_now_or_temporarily_hold_your_cash.pdf

[u/Successful_Pin_2641]

Could have bought at 60k and been in profit. Dca now?

[u/AffectionateYam624 → u/Successful_Pin_2641]

Rule #1 always DCA no matter the price. Bought at $2k, $3k,$10k. $20, $50k, $60k,$70k $80k.,$90k,$100 k even at $120k. Luckily the biggest buys were in the beginning.

[u/Public-Lingonberry-2 → u/Successful_Pin_2641]

Yes, I bought too much at 109k, so I have been doing dca $100/day, which has not helped much

[u/MeditativeCarnivore → u/Public-Lingonberry-2]

You've got 3k/mo to throw around and you're worried about a price dip? You're doing better than 99% of people.

[u/quintavious_danilo → u/Public-Lingonberry-2]

Rookie, I do $5k a day. Helped neither.

[u/Successful_Pin_2641 → u/Public-Lingonberry-2]

Amazing though!

[u/SnuffySweden]

Forget and thank me later!

[u/quietlydesperate90]

Boredom? Lol what?

[u/RhubarbSubstantial74 → u/quietlydesperate90]

I know, they might get to 109 somewhat soon possibly

[u/North_Appearance8518]

Shut up and stack nigga

[u/Economy-Industry-622]

I also bought at high price. Just dca down

[u/mamaburra → u/Economy-Industry-622]

DCA up tbf

[u/Ineedmorebtc]

Dca, always

[u/PM_ME_UR_0_DAY]

But you kept DCAing through the bear market, right?

[u/JollyPicklePants1969]

If finance isn’t boring, you’re probably doing it wrong.

[u/BrutalTea]

Buy every Thursday afternoon.

[u/Public-Lingonberry-2 → u/BrutalTea]

Could I understand the reason?

[u/BrutalTea → u/Public-Lingonberry-2]

Based on looking at the charts for 6 minutes I determined that to be the average low point of most weeks. So basically nothing.

[u/Public-Lingonberry-2 → u/BrutalTea]

Can please I have your time zone as well?

[u/BrutalTea → u/Public-Lingonberry-2]

Eastern

[u/SomeonesSecondary → u/BrutalTea]

And your mothers maiden name?

[u/ryt3n → u/BrutalTea]

Lmao you fuk. “For 6 minutes” is actually diabolical

[u/JimmySki6166]

I’ve been purchasing $1k of BTC weekly since 2022, regardless of the price! Holding for my daughters future

[u/bigbustyebonybbq → u/JimmySki6166]

1k weekly?? Bruh how in this economy

[u/N1tr0sOx1d3 → u/JimmySki6166]

Lovely sentiment. Your daughter is very fortunate to have such a wonderful father.

[u/JimmySki6166 → u/N1tr0sOx1d3]

Thank you. I do what I can for my daughter, being a single father for 21 yrs now.

[u/mx_js_reddit]

You are either the investor that buys the hype or the investors that buys the boredom.

Only the latter one makes money.

[u/InternationalRadio1]

Feeling the boredom???

Huh????

[u/michelhadorn]

Boredom is the strategy. You bought a volatile thing and now it’s being volatile.

If the plan was years, nothing changed because the price is dull. If the plan was “it only goes up from 109,” that was the mistake, not the week. Decide the amount you can leave alone, leave it, and stop checking. A new strategy every quiet month is how people sell the bottom and call it discipline.

[u/idliketoseethat]

DCA. You could be buying Bitcoin at $84,500 right now and bring your $109K entry down.

[u/Donut_Dogs]

I bought the top at 17k, back in the day. No ragrets

[u/Equivalent_Ranger753]

It’ll be okay, when I bought my first few thousand dollars of btc in 2021, I didn’t realize how close to the top I was buying. Now those entries are below this year’s absolute bottom. Just dca

[u/WISE_MAN_FROM_mars]

I find learning about btc a cure. Go down the rabbit hole. Slowly the t becomes silent

[u/groove_theory_2015]

Sell $110k calls evert week till the price goes back up to 95k

[u/ShitHawkSwoop]

You should average down

[u/Jason-Wander]

Back when it jumped to 50K, I bought a bunch. Then watched it drop to 20k. I unfortunately didn't buy more at the drop, but thankfully held what I had.

Now I just DCA and don't look at it.

[u/low_contrast_black]

Buy, hold, pay attention to other things.

It will get exciting again. But kinda like baseball, you spend a lot of time hanging around for a few juicy moments.

[u/PikaBanee]

Been holding for 6 years shut up. Buy on the way down and lower your cost basis you nerd

[u/Honest_Packer12]

DCA. Pretend it doesn’t exist. Go about my life.

[u/Thin-Foundation4900]

Forget it and check back in late '28. Boring is good.

[u/PotentTurnip]

DCA

[u/abolish_karma]

DCA

[u/General-Ring2780]

Hold. Add more.

[u/tjackson_12]

Accumulation

[u/rando08110]

Buy more

[u/coffeelover9457]

Please describe your reason for entering at 109k, and your potential exit plan at that time. Please also define "long term".

[u/stonktradersensei]

DCA. Whether it's 120k or 70k.. it will average out in the long run - is the mentality . And You don't want to buy when everyone's excited

[u/Dazzling_Marzipan474]

Honestly just sell it. You're too impatient for Bitcoin or any investment

[u/Fearless-Sherbert-40]

Slow money or no money. Am gonna need about 10 more bull bear cycles before I can retire. I got nest egg money, but if bitcoin breaks its ATH anytime soon, we sure ain’t cashing out. Pretty much I need Bitcoin to hit $1 million, and even if it did, I would probably hold out until $10 million. My time horizon is 20 years.

[u/AffectionateYam624 → u/Fearless-Sherbert-40]

When it hits $500k selling a half coin, 1 million sell 1 coin and keep the rest for my kid.

[u/TheresNoSecondBest]

Bought BTC at $109k and feeling the boredom.

I bought BTC at 120k. Also at $110k. Also at $100k, and $90k, and $80k, and $70k, and $60k and not feeling any boredom at all.

What's your long term strategy right now?

To buy some sats at $1m. Also at $10m, and $100m...

[u/dudeblackhawk]

Long term strategy is always patience.  Patience has never been beaten.

[u/Budo00]

I did pretty much the same oh well. A 401 K has been as far down in my life several times and it only went up because it was added to each pay period.
I do same with bitcoin

[u/FlyingAroundTheWorld]

Minimum $1M but have patience, young grasshopper

[u/aphex3k]

Years. Long term strategy is the same for years! Otherwise it wouldn’t be long term. Asking for “right now” yields the same response as it did month ago. Otherwise it was not a long term strategy.

[u/Dunitanime]

Dca

[u/PigeonSuperstitions]

You need to wait decades.

[u/Intrepid_Name2633]

Anyone who bought after 2021 must be bored 5 years same level 😅

[u/12buklmashu]

This isn’t really the investment where you buy it and sell during the next bull run or 5 years from now.

Its long term goal should be to use it as currency or at the very least an alternative currency to cash. As of today 5 bitcoins is equivalent to a newer home in Canada. Idk the US.

But eventually I believe that .5 of a bitcoin will be equivalent to 1 house in Canada.

[u/nachtraum]

The first 4 years are the worst.

[u/Positive-Theory_]

I hate making money so my strategy is to sell out as soon as I start breaking even while the whole market goes up without me.

[u/RhubarbSubstantial74]

I started buying in high 50/s nanna nanna boo boo

[u/anjin33]

Yeah you only got a -50% dump.

-85% is definitely less boring.

[u/AffectionateYam624]

Same as it ever was......Hodling

[u/Nappingspider]

It hasn't even been a year lol

[u/l_Pulser_l]

Please sell your stack. Thanks.

[u/ThanksRound4869]

Hold until I’m old, great strategy.

[u/ElephantEarTag]

Keep dollar cost averaging until we're near the next cycle top 3 years from now.

[u/Bred_Slippy]

Not thinking BTC's a bitch is a good start. 

[u/Upbeat-Protection-67]

My recommendation? Accumulate, wait and focus on hobbies

[u/Prof4Dank]

Find a hobby

[u/Fit_Put_5648]

David Charlie Alpha

[u/HungryCurrent7901]

You want investments to be boring. Congratulations you won

[u/Zarchel]

Investing is not supposed to be entertainment. Lol

[u/JTadster]

I would just keep holding, in the long term I want to always hold 1 or more whole coins and only trade with any stats above a whole number.

[u/rtublin]

Borrow against it to fund other projects while waiting for the next bull run.

[u/Sea_Cardiologist_339]

If you are bored then it means you are investing correctly. Long term strategy is DCA and check back in years

[u/Febos]

Most likely in a year from now you will not be in red numbers anymore. I did the same in 2014. But then I was buying all 2015, to lower my average buy and got in reds fast in 2016.

[u/Antony_Richards]

My long term strategy is ignoring the current price.

[u/AyaDvayaya]

Einfach 2. Einstieg machen so hast du wenn es wieder steigt rote und grüne Zahlen. Falls es noch weiter fällt sollten Antidepressiva dir über die Zeit helfen. ;)

[u/Specific-Swimmer7623]

Buying btc below 109k !

[u/DropKikMonkey]

If you bought $100 at $109k then another $100 at 60k your new average would be ~$77k, you’d be in the green rn.

[u/Beachbum74]

Long term? After I’ve exhausted my 401k/roth and I’m pretty old then I’ll draw from it or just pass it along to my kids.

[u/Moolamakerrr]

Exercise, work. Produce value. Enjoy life, and buy more lmao

[u/feck-off]

Patience , bull run, cash in. Buy a holiday home.

[u/FrenchUserOfMars]

1/ 50% DCA every month on $FBTC 2/ Cash out in 2034.

[u/blue2140]

HODL

[u/eld101]

Just keep buying?

[u/pwNtorious8i6]

Study $MSTR and $ASST

[u/Mooks3544]

Hodl to 1 mil

[u/Legitimate_Ad_4201]

My strategy is I buy every month and I sit on it.

[u/Relevant_Action_8871]

Relax and buy the dips, don’t buy green candles, have usdt to buy red candles. Wait, have a plan to sell and make profits, and buy more red candles

[u/kingshekelz]

Wait 18 to 24 months u will get it back

[u/powerguy134]

You should be putting in every spare dollar you have at 85k.

[u/slapstik007]

Stop looking and live life. Don't have the day trader mentality, think long, real long.

[u/MercenarySea]

Something something you’ll be happy for getting in so early after it 🚀➡️ 🌕

[u/Legitimate-Net-7744]

DCA and make sure you have life beyond BTC

[u/Alternative-Wash2019]

I made the same mistake but I sold when it dropped to 85k, then bought back when it dropped to 60k. Knowing when to stop loss is important.

[u/Efficient-Concept713]

Wait for the government to print more money?

[u/dsk83]

Uh ok

[u/TamingOfTheChoon]

Avg down while you can

[u/Ray_725]

DCA

[u/PsychedelicHypnosis]

Dca and only get price updates from Reddit

[u/Severe_Airport1426]

You didn't buy a puppy. Its not going to entertain you

[u/PatCake]

Time Based Capitulation is real

[u/IAmSomewhatDamaged]

Buy every week and forget about it. Thats it!

[u/groundkittenbeef]

Just chill. After a fee cycles, it’s not even a thought.

[u/Even_Ask_2577]

Don't think about BTC, think about how to increase your income. Btc isn't going to make you rich, its going to help you get there.

[u/borislikesbeer]

Get rich slowly.

[u/We_DemBoys]

Continue hodling for the long term 💪

[u/No_Cat_8269]

Use money you don't need to buy Bitcoin and forget

[u/kennymac6969]

Real investing is boring. Gambling gets the heart pumping.

[u/DistributionOk2111]

Bought 550 for this month already and i will throw another 500 in at the end
I do that since corona and i never got bored once

[u/nantesdeals]

Aujourd'hui tu passes pour un con, dans 3 ans peut etre beaucoup moins..

[u/egej]

keep stacking price is damn near irrelevant when your view is years or decades.

[u/Affectionate-Tart891]

I'm just casually leveraging a few credit cards and some loans on MSTR options to make up for my loss

[u/Latter-Onion-2324]

la probabilité de gagner est inversement proportionnel à la fréquence de check du prix , et pour une raison simple : ton seul ennemi est tes émotions

[u/BigPlayCrypto]

120-150k

[u/word-dragon]

Wait.

[u/2xfun]

A bitch is the fiat currency in the bank melting 10% per year.

[u/International-Dot196]

Next time you will remember not to make all in when buying crypto.

[u/AstralVenture]

Sit on BTC for 30 years

[u/richard_Anthony1]

Wait 5 years and see how this post aged

[u/RareVibeDelight]

Ignore the Noise, DCA more Sats. Buy Bitcoin. Run your own Bitcoin Node. Learn, Verify, Don’t trust

[u/BlueLevander]

I bought some for 4k 7 years ago XD so, just chillin'

[u/Big80sweens]

Just buy and hold, simple

[u/Flat-Aerie-8083]

Hodl and continue to borrow against it to buy more btc. Never sell. Cheers.

[u/itsclassic21]

Buy high, sell low. Works every time.

[u/Draganpopart]

What was your goal getting in?

[u/Garland_Key]

There is only one strategy. STFU & DCA. 

[u/YingYangBoomerang666]

Don't watch the bitcoin price. Just pretend it's your life savings and don't touch it

[u/Ambitious_Stock2571]

Prayer

[u/restore_democracy]

DCA, HODL

[u/Neat-Finger197]

Don’t get too excited/cocky when you’re well in profit, and don’t get bored/depressed when it falls below your cost basis. Because…it’s a savings technology. You hold it long enough and you’ll be handsomely rewarded.

[u/_boiler]

Sell the BTC to harvest a tax loss, and then buy it back

[u/Icy_Dragonfruit__]

Keep stacking and just keep DCAing, focus on the long game instead of watching every move.

[u/mpbh]

DCA down and don't think about the fact that you would be up a lot if you just bought boomer S&P500 index funds.

[u/toddycoin]

Option 1: Add more at lower prices if you can afford to invest some more.

Option 2: Dont watch market until April 2028

[u/Strict_Tumbleweed415]

Dang best to panic sell everything and buy more when it’s at the next high

[u/Salt-Neck-5305]

Buy Pokémon if you want fun

[u/papa_weeb]

Buying more while its down🤷‍♂️

[u/DiamondHandsDarrell]

It's my retirement. Got in at $0.10 (est.)

[u/37853688544788 → u/DiamondHandsDarrell]

Once it held $5 I knew it was actually working.

[u/DiamondHandsDarrell → u/37853688544788]

Honestly i gave btc away at 300 because i didn't believe someone would actually send me for it lol

[u/Dwaltster → u/DiamondHandsDarrell]

This being reddit, you might actually be telling the truth or you bought the ath.

[u/DiamondHandsDarrell → u/Dwaltster]

If only we could post screen shots lol

[u/voteforkamalaorelse → u/Dwaltster]

U r delusional if u think he owns at 10 cents and commenting on a sunday on reddit 😄

[u/Dwaltster → u/voteforkamalaorelse]

I bought some bitcoin at 100 bucks and am sitting on Reddit during a midday storm in the tropics.... What's your point?

[u/voteforkamalaorelse → u/Dwaltster]

Okay so its confirmed 2 bots r communicating im out 😄

[u/Dwaltster → u/voteforkamalaorelse]

Cuck

[u/CavalrySavagery → u/Dwaltster]

You are a btc millionaire living in salvador YEEEEHBUDDDDYYYY eres tonto y en tu casa no lo saben

[u/Dwaltster → u/CavalrySavagery]

Jaja, va pues maje.

[u/DiamondHandsDarrell → u/voteforkamalaorelse]

I've already shared my story more than a few times. Waiting to go to the Dodgers playoffs thanks top btc. Check my history lol

[u/DarthBen_in_Chicago]

You cannot spell bitch without btc. Anyway I buy bitcoin all the time and $109k is nothing. I have some $125k bitcoin that I’ll look at in ten years.

[u/WAIFU4LYFE1]

Btc a network that holds fiat dollars is a bitch because u bought at all time highs ok 👍

[u/therealcoppernail]

I am gambeling with altcoins and try to make some Money during the bullruns. My Bitcoin stays and IS never beeing sold what so ever.

[u/RhubarbSubstantial74]

That’s something I was wondering who bought over 100k, all you can do is hold I guess

[u/quintavious_danilo → u/RhubarbSubstantial74]

Buy more, average down.

[u/powerguy134 → u/quintavious_danilo]

Smart people realize this, the rest are hopeless brokes.

[u/quintavious_danilo → u/powerguy134]

Yeah, most people freeze when they see red on their investments but that’s usually the time when money is being made. You cannot stop investing and wait the dip out when buying the dip is the only way to make it in crypto.

[u/RhubarbSubstantial74 → u/quintavious_danilo]

Well yeah I didn’t mean not to buy more

[u/MRLONGISLAND86]

Sell it and buy stocks.

[u/Codify-The-Preamble]

Invest in tangible assets with intrinsic value.

[u/Dom_Dastardly]

Why on earth did you buy At 109k!?

You might break even sometime next year