Did you buy Bitcoin at a higher price? Are you fearful that you're losing money?
Rest assured that your investment is still solid and if you play the game right, you will come out on top. Here are a few pointers to keep you on a path to success and profitability in Bitcoin (regardless of what the Bitcoin price is).
Point 1 : HOLD YOUR BITCOIN
The last thing you should do is sell your Bitcoin at a loss. Consider Bitcoin's 16-year price history and you'll find that Bitcoin continues to reach higher prices with each cycle. And what does this mean? It means that your patience will pay off in time. If you did your research prior to investing in Bitcoin, you should understand that the absolutely best investment strategy for Bitcoin is a long term accumulation strategy. Meaning what? Your should:
(a) Only invest with money that you don't need to pay your living expenses.
(b) Be patient and hold on to your Bitcoin.
(c) Create strategies to increase your Bitcoin holdings over time. This is what we call "Stacking Sats"
BTW if you are unfamiliar with the term "Sats", a "Sat" is an abbreviation for a Satoshi, the smallest denomination of a Bitcoin. Like a penny is the smallest denomination of a dollar (0.01), a Satoshi is the smallest denomination of a Bitcoin (0.00000001). Where 100 pennies will equate to one dollar, one hundred million satoshis equate to one Bitcoin. And while the value of a Satoshi may seem to be small today (valued at about a tenth of a penny), there will come a time when a satoshi is worth a penny, then 10 pennies, then 100 pennies. So it will always be in your best interest to accumulate as many of these Satoshis as possible (ie. Stacking Sats).
Point 2 : BUY MORE BITCOIN
Avoid following the crowd. Most people want to buy Bitcoin when they see the price of Bitcoin going up, but this is not the time to buy. The best time to buy Bitcoin is actually when the price is dropping. Just think about it... Doesn't it make sense to buy Bitcoin at a lower price? If you buy $100 worth of Bitcoin at a price of $100,000, you will have 0.001 Bitcoin (or 100,000 Sats). But if you buy $100 worth of Bitcoin at $90,000, you will have 0.00111111 Bitcoin (or 111,111 Satoshis). That's an extra 11,111 Satoshis!
So accept Bitcoin price drops as a blessing as it presents opportunities to buy more Bitcoin at cheaper prices. Even if you only buy a few dollars worth of Bitcoin, you'll discover in time that every little bit helps. So while everyone else is panic selling their Bitcoin, you can use this opportunity to buy more Bitcoin for less.
Point 3 : USE YOUR EXISTING BITCOIN TO ACQUIRE MORE BITCOIN
The best and most cost-effective way to increase your Bitcoin holdings is to use your existing Bitcoin to acquire even more Bitcoin, and you can now do this by registering for a DCS Bitcoin wallet and using some of its built-in features to earn Bitcoin.
One of the key features is a marketplace where wallet holders buy & sell their positions to acquire Bitcoin at substantial discounts. Check the Bitcoin Price now and compare with the price you can get through these wallets. And consider... This is just one of many innovative features that are readily available at your fingertips.
These Bitcoin wallets offer a simple and effective way to stack sats. Just check out some of the Trustpilot reviews for High Yield BTC or Drip2BTC and you'll soon discover what you may be missing out on. It's all about Bitcoin accumulation and these wallets essentially allow you to earn free Bitcoin over time. So if you hear about these wallets and choose not to use them to earn more Bitcoin, then you deserve to miss out.
Point 4: INVEST WITH A LONG TERM STRATEGY
As previously mentioned, investing in Bitcoin with a long term accumulation strategy is key to wealth preservation and growth. Understand the asset that you're investing in. Understand its decentralization. Understand its history. Understand its security. Understand its value. Understand its steady adoption. Understand that governments, corporations, and conglomerates are accumulating Bitcoin at a record pace.
And understand that YOU too should be acquiring and accumulating Bitcoin as well; not through ETFs or other financial vehicles, but through self custody (meaning you yourself hold the asset). It's much better to hold your own gold coins than owning gold through a company that gives you a certificate or promise that you actually own the gold... THEY control the gold and YOU have a worthless certificate if they fail to honor your position. But if you starting buying, holding, and accumulating Bitcoin for yourself, you will be well on your way to building wealth, securing a nice retirement fund, or preparing to pass on wealth to the generations that follow you.
TAKEAWAY
Even if you've purchased Bitcoin a higher price than it is today, don't sell it. Hold it and use some of it to increase your Bitcoin holdings through our Bitcoin wallets. Do this with a long term strategy in place and you will undoubtedly increase your wealth and secure your financial future. Take the time to learn about Bitcoin and understand that it is the best performing asset of our lifetime. It's never too late to begin and the longer you wait, the more you'll fall behind those that are actively taking advantage of Bitcoin's power and influence in the financial sector.
