Following mainstream news I first became interested in Bitcoin around the time when it hit a top of close to $20k in 2017. Back then the price seemed very high and I hesitated to invest. In the year following that peak Bitcoin reached a trough of around $3k. Persuaded by price action and market sentiment I thought that the crypto market bubble just burst and hesitated to invest again.
Fast forward to 2025 we crossed the $100k mark and the price looks very high once again. Similar to the previous peaks this might look cheap in a few years from now. Being positive of the long term potential and having seen a few market cycles, I want to build a long term Bitcoin position irrespective of the short term price fluctuations and the all so often wrongly biased news.
My very simple strategy to build a long term strategy is applying three key principles:
- DCA: dollar cost averaging by buying on a regular basis irrespective of the price level. Time in the market is more important than timing the market!
- HOLD: building and holding the position for the long term. Again, time in the market is key, but only invest what you can afford to loose! Forced selling at a market bottom realizing losses needs to be avoided!
- Diversify: invest savings across markets. Don’t put all your eggs in one basket!
The purpose of this blog is to keep a diary on my investment journey and share practical insights.