Bitcoin Forum

what portion of your overall income do you keep aside for the purpose of dollar cost averaging in bitcoin, and what methodologies or criteria do you employ to establish this allocation, thereby guaranteeing a well rounded strategy that aligns beautifully with your individual financial objectives and your level of comfort in dealing with financial risk?

First of all it depends on what source of income you have, if it is steady one like wages or salary then the best thing or the most convenient way is to set aside nothing more than 20 to 25% from this income, this can at least be considered a losable amount than anything higher. The DCA strategy should be either weekly, bi-weekly or monthly depending on when you usually receive payments. Continually do this without looking the price movement of bitcoin because waiting for just dip or bearish period isn’t a proper DCA strategy.

You can simulate your DCA (https://dcabtc.com/) strategy using this tool and to see how your strategy will work out

It doesn't matter if i tell you, neither does it help you, because we probably do not earn the same thing, so decide on the portion to buy through dca based on your income and how frequently that income comes. Dca is a very easy strategy to implement and the investor makes the decisions based on their personal financial situation. There are many topics talking about dca on the forum that you can search and learn from, but what you really need to know is that you should buy without considering the price of BTC, but as for when to buy or how much to buy, it depends on the investor.

Mine is 90%

Since I live in my parent house, has no debt, not buying any expensive or unnecessary thing, no vacation or self reward, not get addicted with something, etc, I only use 10% of my income to buy foods and other important needs.

You might think I get a high salary, nope my salary isn't that big, but I choose to invest all of money which I have.

I buy Bitcoin every bi weekly.

I have 70% of my income in bitcoin and I am still buying more. If bitcoin continue to fall, I will still buy more. If bitcoin get to $100000, it would be good for me.

The remaining 30% are on altcoins. Not just altcoins because most of them are shit coins, I have the remaining 30% on good altcoins with high market cap.

i also now living with my parents, and have no interest in buying luxury things, going to trips, partying with friends, etc. so i can save my 100%(which is not huge in india the salary is like $150/month) of the income, thinking to invest all of it in bitcoin by DCA strategy.
my strategy is to invest 100% of the income in 30days which is buying 1 time in 5 days.
is it a good strategy? buying more frequently gives us more average entry point.

These are the longest synonyms of terms I have read in a while, and I do not think that the average-income person has clear investment methodologies with the accelerating economic changes. A simple rule: whenever I have additional income, I invest in Bitcoin, gold, and stocks, while trying to limit my investment in Bitcoin to a thousand dollars per month. It may decrease or increase, but the average is always like this, and perhaps after we witness the new ATH, this amount may decrease to 500 due to the bearish approach of the price of Bitcoin in that period, and then the other 500 dollars will be transferred to gold or stocks. The end of the strategy will be to collect 200k to 400k and then I can think about buying a good apartment.

Whatever amount of money you want to use to invest in Bitcoin is the amount you can afford. So if you can invest 100% of your income in 30 days, that means that is what you can do it. But some people can only invest under 50% of their income because they have bills and other things so they have to adjust between investments and others.

I might use 10%-20% but it depends on my monthly financial position. The percentage amount often will not be the same for the following month because several expenses are not fixed in size. But so far, it's been going well and I've even managed to keep a little money in the bank.

Everyone who has been investing in Bitcoin for a long time will adjust their budget and expenses accordingly. And if their expenses are not too large and they also don't have difficulty using a rather large amount of money to invest in Bitcoin, that is an amount they can afford, and so is what we do.

A better question is "What is percentage of rest of your income after spending for life expenses to use for DCA in Bitcoin?"

Because it relates to your risk management too. You can not use all your income or 90% of your income if you don't have other source of money to pay life expenses or 10% of your income is not enough for it. If you over DCA, you will face with self-forced selling your bitcoin when you even don't want to do so.

It also relates to your total income as if it is not enough for your life expenses, to survive, you can not DCA so if you say I spend 0% of my income for DCA bitcoin, it sounds very bad but in reality you have no choice if your income is too low. In an opposite case, if a person earn x10 more than you, lives in a same area, but say he spends 0% of his total income for DCA bitcoin, it sucks.

This is once again one of those questions that are doomed to fail in providing you with helpful information, if that was your goal.

It depends on a countless number of things, the type of responsibilities someone has and above all, how much someone is making on a regular basis.

If we stick with "what portion of your overall income" idea, there is so much variation to still be considered before sticking to a plan that someone else might suggest. If someone is making $100,000 a month and is investing 50% of that into Bitcoin because it feels right and the lifestyle allows to do it and take the risk, maybe no kids or family is involved and no mortgages have to be paid back, then I guess there is no issue with that. But if someone has to feed 2 kids and pay a mortgage for house, I would say that 50% is too much even when the person is making $10,000 a month.

I think it's just not really helpful to hear from someone how much is invested in Bitcoin. Whether it is 5%, 20% or 50%, without any background info those numbers lack meaning for anyone else.

I guess in relative terms the more someone is making, the higher the percentage can be because that person could cut down on many things if necessary. 

For me and for now I only allocate 10% --I fix the value in USD but thats around 10%-- of my monthly income to buy bitcoin, not much, but I can be consistent and I think that's more important, consistency is the key for DCA. But I have a plan to increase it to at least 15% next year. By the way, being consistent in doing DCA is quite challenging for me because I am a freelance designer, right now I got a contract so I still got a semi-stable income, so I can still consistent, it will be much harder if I got no contract and my income is based on the project I got monthly.

I have a very bad strategy which I follow but now I got used to it. Actually, I am getting payments in BTC, and that same BTC amount I earn, I hold them and only withdraw the amount that I need. But most of the time I try not to withdraw any satoshi from them because that's against the DCA. The point is, that I do not have any specific amount of BTC that I collect or accumulate after a specific period of time. I just accumulate randomly and the amount/time is so random.

But as I said before, I am happy with my strategy as I am used to it now. As, sometimes, I have to face difficulties, for example, when the market comes down and I have to withdraw money and I am at a loss, So, I try not to withdraw the amount, but instead use the money that I have already in Fiat. Even, I try to save as much money as I can in the dip time period. But, fortunately, I have been able to accumulate a good amount of satoshies and I'm happy. Now, I hope I will be able to hold them till the next ATH.

I try to keep at least 20% of my income invested in Bitcoin in terms of Dollar Cost Averaging. The way I DCA is way different than many others here. I even created a topic earlier in the past explaining how I DCA so I will just give a quick overview.

I buy when Bitcoin's Weekly Candle closes at Red. So I bought sats last 4 weeks when the Bitcoin candle was Red. This week is Green, I will ignore it and keep making real money.
Once it's red again, I will invest again.

Asking about overall income is not very useful, because the percentage available for investing varies heavily between different income levels. Someone who lives from paycheck to paycheck can't really afford to invest any significant share of their income.

And in general it seems pointless to ask how much money people invest in Bitcoin. Everyone has a different risk tolerance, and Bitcoin could be the single investment or it could be just one out of many investments.

Rule of thumb is that you should only invest what you can afford to lose. I think everybody knows that by now. In any case, for anyone who's earning a comfortable and competitive salary grade, I say you should put in anywhere between 1-10% of your total earnings in a month on bitcoin if you're looking to invest using DCA. And this goes for whatever type of DCA strategy you're into, whether it's bi-monthly, monthly, or every other month. The whole point of investing in DCA anyway is to just make sure you have a stake at a valuable asset like bitcoin without breaking the bank by putting in a large amount of money in one go. Once you're able to do this, all you ever need to worry is how much more you could invest in, but for beginners who are just starting to dip their toes into crypto, I say you invest this much and you're good to go.

When to say the truth I don't actually have a specific amount as any amount I feel it's valid am not using under expenses I just use as my savings because having a specific amount for will actually give me worry because any day I fail to meet up it will be like as if am not serious with this action so I just let it flow when it's comes to this action.

I don't have specific amount that goes to my holding and buying bitcoin. I have my own decision as it's like if I need to buy and I can buy, I'll just buy all of a sudden.

Because I cannot foresee the situation in the nearest future and that's why if I see that I'm good enough and I can allocate an amount to buy, I'd love to do that.

But I'd love it more if I'm just like the others that can DCA like on a weekly basis as that's pretty much going to be the most ideal strategy that I think will give you more wins and profits in the next bull run.

At least 25% of my monthly salary goes to investments. I don't want to pinpoint Bitcoin only because I'm also investing in the Stock Market.

I know that the bull run is coming in a few months (possible), but I value security more than profits that's why this year, I started investing into dividend stocks so that it can give me quarterly dividends. In that way, I'm still earning money without doing anything. As for Bitcoin, I'm slowly accumulating more in preparation for the upcoming bull run.

TBH, I can go to as high as 50% or even as high as 60% of my monthly salary to invest, and I can still afford to lose it if sh*t happens. After all, I don't have that much expenses still. If I'll give one piece of advice to newbies out here, I think it will be to invest wisely, and always use your brain not your heart because emotions will most of the time will lead you losses.

70% for bitcoin and 30% for altcoins. How many sources of income do you have and how much do you spend on daily expenses, daily bills...how would you spend if you invested 100% of your income in bitcoin? Unless you have a life like Jawhead999, he lives with his parents so he doesn't worry too much about other expenses because his parents take care of most of it. For those who are self-made or married, I don't believe anyone can use 100% of their income to invest in cryptocurrency.

My income compared to the average income in my country is not low but I cannot even deduct 50% of my monthly income to invest in bitcoin. I have a family and small children. Or else unless you come from a wealthy family.

None.  Blindly purchasing without paying attention to the price or market conditions is a terrible way to invest.  And no, I don't need to hear your "but if you bought $XX worth of Bitcoin every day for the past 10 years you would have!..." calculations, the previous 80%+ drawdowns in price are actionable events that were, frankly, easy to see coming ahead of time.

I think he has misunderstood, and is talking about how he divides his investments, not how he distributes his total income, which would only make sense if he lives with his parents and spends nothing more than what he invests.

In my case at the present I do DCA with about 12% of my income.

That is very high but you are on the right path, the amount that gets discounted for your pension fund each time you receive your paycheck is very small, and yet people expect to live out of this amount for the rest of their lives once they retire, however a person that saves and invest most of their money and they do so for decades will not only enjoy a very nice retirement but they will be able to retire way earlier, which is a great thing as this will give you the chance to enjoy your life in a way very few people get to enjoy.

For me, I use 50% of my income on a weekly basis for the DCA strategy.

As for the criteria you use to determine this allocation, it depends on the amount of your weekly or monthly income and how much of it you need to cover your personal expenses and your family’s expenses if you have a family.

This percentage and strategy differ from one person to another because this is related to many factors such as the amount of monthly income and the costs of living in the country in which you live, as well as the presence of a family or not. All of these matters affect the DCA strategy, so each person sets standards that suit his circumstances.

I have read that several can manage a fairly high percentage, in some cases more than 50%, well how lucky they are to live with their parents, or not have responsibilities, etc.  :)

I think that allocating a percentage is something "normal" but it is not the way to make your ability to increase your bitcoin better orprofitable. In any case, I don't know how it is beneficial to know the individual percentage, it doesn't say much, someone who allocates 1% does not It means that it is little, in fact it could be more than what someone I read out there allocates 90%,(someone posts above).

So, amount gives strength to that percentage, that really defines your ability to have an appreciated amount over time, but However a strategy within that holding helps increase bitcoin, in fact you can increase your amount of bitcoin with a trading strategy. This strategy can help you even without the need to allocate a fixed monthly savings.

For me, what I tried is 20% - 30% because I have a lot of expenses in real life so what money I am investing in Bitcoin is like some leftover because I  know if you want to be profitable in Bitcoin, you really need to sacrifice for long time because no one knows the future of Bitcoin, no one knows when to pump or dump.

I have a steady job and income but I can't exactly deduct what percentage from my income to buy bitcoin. Every time I get my salary, I calculate all the expenses incurred during the month, and then with the remaining money I buy bitcoins. Because I have a family and monthly expenses vary, I cannot give a fixed number. But I buy bitcoin almost every month when I get my salary, sometimes a little, sometimes a lot. But according to my mental calculations, they make up 10-15% of my income.

About 10% of my monthly income goes to Bitcoin. Why 10%? I dont go wild or hurt my daily budget with this slice. Always invest moderately, especially with Bitcoin, which is uncertain. I set a preset amount to avoid touching my disaster fund or other savings. For my criterion, I follow geopolitical events, scientific developments, and Bitcoin news that may indicate market movement. I keep to my 10% rule regardless of short-term changes.

This plan must meet my financial goals. I should never prioritize bitcoin investments over financial responsibilities. Remember that Bitcoin is only one part of the financial game.

You should read the OP again. He is not asking if you should invest in bitcoin or not. He is only asking the percent of income that people will prefer to invest in bitcoin. Using dollar cost average is not a blind way to invest in bitcoin, especially in time like now when the price of bitcoin has reduced.

This is not what the OP is asking. You can wait duritng a significant bull run untill after a significant bear market before you start to DCA. And you are wrong because if you have been DCAing in the last 10 years you will be in profit by now if it is bitcoin that you are buying.

As for me, I don't believe I am using the DCA method because I don't buy Bitcoin frequently because my sources of income are unstable, but I do buy any amount that I think I can afford to lose at moment whenever money comes into my hands. As a result, it may sometimes take me more than two months to be able to top up my wallet, and it maybe lucky also happen on a weekly basis, depending on how much money comes in. It is true that the best way to accumulate Bitcoin is through dca because is way to minimize the risk in other to make reasonable profits but honestly, this should only be done if you have reliable sources of income. Even then, only invest what you can only afford to lose.

Honestly, 10% is already a decent portion of someone's income and if you're able to do that consistently it's also you that will benefit from it.

If this is the amount that you don't have to think of and not problematic with your other expenses because you can afford, this is a good allocation for your investment in Bitcoin.

That is for sure that you'll meet your financial goals. Whether you're hard core or all in person invested in Bitcoin or not, as long as you know your thing and doing it consistently.

The fruit will be certain in the coming year/s.

In other words, you budgeted the purchase of Bitcoin tentatively depending on, it does not become a shortage for you, because the most important thing is that you accumulate Bitcoin for your life's purpose better in investing, even if you do not make a purchase with a DCA strategy.

If you record the budget of your needs and your income, at least if your income is uncertain, but you can accumulate it in a matter of months and you will see how much your income every month, it will help you explore finances well, and you can budget Finance for needs and investment, so I think you can determine how much percentage of your money to invest after seeing your budget.

Approximately 60% of my total money is in Bitcoin; however, I'm not actively purchasing because I don't have any income at the moment. My only revenue is deriving from signature campaigns, which remain my only method to acquire Bitcoin, as I don't currently have the budget and prefer not to spend my own savings in fiat. My DCA is at approximately $28.000, which isn't too bad, and my investment can easily double in a potential bull market within the next two years. I'm hoping to return to the job market soon and start investing a small portion of my salary in Bitcoin; something minor like 5% to 10%, along with the signature campaign, is more than enough.

I don’t have one exact amount that I save to buy Bitcoin every week, it depends on the market. For example, in 2022 I was much more active in this because I assumed that such a low price might not last so long, now I am more prudent and the closer the price approaches the 30k level, the less I buy. I have defined this level for myself as the limit for buying, after it rises, I will stop buying and will only wait for my goals.

yes, doomed to fail information for you because you already know that it is variable to every individuals to how much percent can they invest in bitcoin, because everyone have their own responsibility, variable income, maybe they can handle their all expenses which their 1% salary of the month.
but this question is not a failed question because i learned from your reply and maybe someone other newbie who don't thinked in this way also will learn.

Since the Bitcoin hits 15K bottom, I start to allocate 100$ every month which is around 20% of my salary monthly salary aside from my salary here in the forum which I stake on on Binance Dual Investment to get additional profit.

I don’t have much responsibility that will involves serious amount of money and most of my salary goes to savings and insurance so I would say that my Bitcoin investment is just a free money that I can afford to lose. I don’t think much about its value since I start buying on low price while the current price is still above my average buy price. I will keep doing this until ATH or if I need money in emergency that my insurance can’t cover.

If you receive a fixed amount of money as income and at regular intervals, you can be disciplined about reserving a percentage of it to DCA with.

 If you do not work for someone, do not receive a fixed income and you are focused on your own business that brings you money, you may not not always have a fixed amount to DCA with all the time, but it is still important that you find a way to do it.

To some forum members who have the opportunity of this forum and are into business or even working outside the forum but are involved in signature campaigns, they DCA their weekly stipend from campaigns without tampering with it. That is also a strategy you can use to increase the bitcoins you have.

I wouldn’t be entirely truthful to myself if I say, I have particular amount or range of my income in which, I use in buying bitcoin. I just don’t! Can’t say it’s a good or my best practice but, it gives me peace and am cool with it.

I just buy based on what funds I have at any particular time or feel I have less need or use for. There are times in weeks or months when I have or make little expenses and to not be too excited with how much cash I have left and going about making unnecessary expenses out of nowhere, I end up just buying just about enough.
The idea for me always remains that, I buy and don’t take so much time to make that buy happen if it could.

Bitcoin resistance has been around $30000. I will not expect more price increase for now after that price has been reached again. I prefer to DCA but not all on DCA because I am waiting for a day bitcoin may get to $20000. For people that are short term holders, buying around $30000 is not advisable, it is only advisable for long term holders to buy around that price or below.

What I can only see is that you are cool with something that you know may become something good for you. People that has been patient like you and buying bitcoin in the past have good testimonies about it, let us see what would happen in some months after halving, people will have good testimonies again. Better to hold.

You are fortunate that you got the knowledge of investing your money at an early age. Sometimes I regret the kind of life I lived when I was younger. The money I spent on unnecessary things would have been useful if it had been invested. Currently,  it will be difficult to spare 20% of our income to invest in Bitcoin because of responsibilities. Investing in Bitcoin should be as your financial strength can carry, it's great that you are investing your entire earnings.  Nevertheless, I am hodling 15% of my income using the DCA strategy and it is done every week. I also have plans to buy in lump sum anytime I have extra money from other businesses.

I use only 10% of my income to DCA monthly. This is because that is the amount that I can afford to lose, and with this amount, I wouldn't feel like spending anything out from my income and it will make me be consistent with my DCA strategy. If the market goes up and down, this wouldn't be my concern since I intend holding for a long period before selling. I could remember,  earlier when I used 30% to DCA regularly, this was making me not balanced with my emergency expenses and I even went back to sell part of my bitcoin. This was why I had to reduce it to 10%.

Others strategy is to have an investment first then the needs but this is only applicable if the remaining money is enough for us. If we are only earning the minimum it is difficult to go up until 30%. Even I do below 10% because there are times that I really need that money and I struggle to budget my money for our needs. It is better to prioritize our needs first before spending on investment because we will struggle like you have experience.

All of us have different percentages, but as long as we can afford it and it does not affect our budget for needs then it is good. Just remember don't compare the percentage that you can only invest because all of us are in different salary ranges. For sure in the future if you earn more you can invest more.

Of course, you can expect the price to drop to 20k, but if this does not happen and after a small correction the price of Bitcoin begins to rise again, then you may never buy Bitcoin at 20k again.

Everyone must develop a strategy for themselves that will work for them, but in any case, you must have an action plan for all possible scenarios, so that you know what you will do if the price falls, or if it continues to rise right now, when everything is thought out all - remains is to act, in which case there will be much less room for mistakes than when we need to make a decision in a stressful situation.

Going by the way i invest in bitcoin, am a random investor who always sees an opportunity in everything i do in cryptocurrency and i also make sure to take advantage of them to invest, I don't have to wait till a particular requirements for using a specific pattern is meant before knowing that i should invest, each time i have some extra cash flow without having much needs to carter for with them then i invest, this means i use both the combination of DCA and other methods i see available for me to take as an advantage for an investment without wasting time.

I would have preferred to DCA Ninety five percent of my income into Bitcoin every month but I have other responsibilities, if not, Bitcoin investment would have been my priority, I believe that Bitcoin investment is worth all the risks, but all I can do is invest 80 percent of my income, and I use the rest to take responsibility of my family and myself.

We all look at the halving period as if it's very far away, Xmas is very closer than we think and very soon 2024 will be here, if you aren't buying Bitcoin now you would probably miss ever buying any before it's too late.

Even if another big dump takes place, it could be those that are short-lived, like 24-48 hours and the final recovery will begin, I am a big shot taker, and I am always ready to lose everything, so I go hard into Bitcoin and other crypto projects, I am ready for the loses and also the biggest ROI.

I use around 50% of my monthly income to DCA-ing Bitcoin, I buy Bitcoin every week every Sunday because on the weekend the trading volume is quite lower and the price sometime lower than the other day.

However it's up to every user how much they willing to spend their money to buy Bitcoin, even it's just 1%, as long as someone have Bitcoin, they're already adopting Bitcoin.

The income and responsibilities that each person has vary greatly in life. Even though there are a small number of people who work in the same place with the same salary, I am sure that in terms of responsibilities and living needs, it will never be the same from one person to another. So these differences can also be carried over into investment matters where each person will determine for themselves what percentage of capital they are able to invest in something or in Bitcoin under certain conditions or conditions like today.

Your method of investing all of your salary income in Bitcoin in 30 days is excellent; anyone who invests money that they can afford to lose has already established a stream of income. You don't have much of a problem in a turbulent market, if the price drops, because you have a place to recover when you lose, Bitcoin is a very good investment and opportunity that anyone can trust and deposit all of their money for a long time and make a lot of money.

As for me, I plan to invest 35% of my monthly salary in Bitcoin because I have an issue to address and am confident that I would benefit if I hold it for a long time. Even if you want to buy a fancy item or go out to a party with your friends or family, I am confident that if you know what you are doing and have a plan to achieve your goals, you can invest all of your money in Bitcoin.

OP, just like others have stated, which I am only adding to, IMO, first of all you must understand that my salary or the monthly or weekly income of others might not be the same as yours, so even if someone tells you that they put in 20% or 40% of their income into Bitcoin, you can never know how much it was because you don't know how much their income was. If you want to invest in Bitcoin and you don't want to do it in a way that it will affect you in terms of money management and your budget, first of all, you have to take note of your budget for every month, and you have to make your budget in time so that when the money comes, you can just begin to allocate the money to the things you have budgeted. While doing that, only allot to Bitcoin the amount of money that you know will not affect your needs to the extent that you might want to sell the coin in order to settle your needs. Just invest what you can afford at that moment. For example, if my weekly income is $2k and I decide to allocate 20% into Bitcoin every week (that's $400), for someone earning $200 every week, their 20% allocated to Bitcoin would be $40. The person might want to only allocate 10%, depending on what they want and how their budget looks. So, it's different for every investor.

Well it is kinda variable stuff for me, OP. I do not consistently buy or even try to sell some of my money and Bitcoin. Methodologies? Not much, just seeing the price dip on where I picked up, I would buy more and if I need money, I might need to sell something but not too "urged" to buy.

At the end of the day, you'll still need some other forms of income to somehow not rely your "mind" too much in Bitcoin. It leads to disciplined trade for me. Not sure if this happens to other people though.

This is usually the point. You shouldn't rely too much on the "income" you get in Bitcoin. You'll still need some other forms of income that are guaranteed and not solely due to how the market goes by considering that even this is a volatile market.

Without a doubt, you'll earn that risk someday in a positive way. Taking up your salary up to 35% that's gonna be shared to your bitcoin as an investment is a big thing already.

You'll achieve those someday and if you are not going to any of those because you're saving money for now, soon you can do that as many as you can because you're already in profit and that 35% have grown more than what you're expecting.

Sure that is how you could see it as well and I also understand that similar topics might get buried deep down somewhere and therefore overlooked, but in general the question of how much someone should or should not invest has been asked probably dozens of times. As a basic rule I would suggest that it is not smart to follow anyone's advice on that matter if you don't know what that person's lifestyle looks like, whether that person has a reasonable risk appetite, and what the general stance of that person towards money is. If someone won the lottery they might not have the same respect for money as you do or should have.

As simple as it sounds, the sentence stands that you "should not invest more money than you can afford to lose". It is a good rule of thumb when you take it seriously, when you do some analysis on your individual life circumstances. If there is money you could afford to lose by the end of each month, it is a good starting point for you. But then your risk appetite still comes into play. If your analysis also says that you don't see a chance for Bitcoin to go to zero (which is what I think, it won't go to zero), you may make slight adjustments and do the math for some hardcore scenarios that you believe cover the loss range of your probability distribution that you still think could in theory still be realistic.

Assuming $0.00 is possible for Bitcoin might also narrow your opportunity potential too much. It depends on how much effort you want to put into all of this, but crunching some numbers and seeing whether you can get into trouble at price 1), 2), or 3) can't hurt. That can even make sense for a DCA approach if you have some money left over for investing but you know that in a bad case scenario a car repair could break your neck, but at the same time you know that it's unlikely a car repair will be necessary.

To be honest, I'm investing the majority of my assets and salary in bitcoin, not just a little bit or what I can afford to lose. I think that to be successful, I need to step out of my comfort zone and trade off. I took risks to get bigger rewards instead of just investing a little bit at a time in bitcoin and having to do it over a long period of time. If my investment fails, I will sleep less and work more to revive the economy, and if I succeed, I will retire early. It is not as serious as many people think as long as we never give up if we fail. Opportunities don't come often, and don't let them pass you by.

Well, I don't really earn a lot of money. I get paid weekly, but I take out 5% of the total monthly income and I keep that aside so that I don't spend it and can buy Bitcoin or other cryptocurrencies with it. I don't buy immediately after I get paid, I keep the money in liquid cash until the time when I see the price is good for buying, and then I start buying in portions like 25% of the total amount that I have for investments, and I buy again when the market dips further.

If I see the market is going up, I buy a bit extra so that I don't miss the opportunity that I have right now because the cryptocurrency market is extremely unpredictable and there is always the possibility that the market goes straight up without coming back down once it starts going up.

I have been living on my own for almost 2 years. I have to earn my own income. My family is still doing good and they are able to help me anytime but I don't like taking help from them. So for my investment plan, I need to do it monthly. Every month there are expenses that I need to cover. In the end, it all comes to what I am left with.

I have a strict budget that includes rent, bills, fees, and every necessary stuff, and I also keep what I need to have as pocket money. I don't spend any extra money on things that I don't need and try to use the existing things until they are good. At the end of the month, I can put almost 40% of my income into Bitcoin investment through DCA. Not much but I think about the future and long-term. So I am happy with it.

Majorly I earn as a freelancer, I am currently not the type that pay attention to getting employed because I understand how the stress is. I have experienced the hard burden of being employed and working for someone so now I am a full time freelancer.

What I do is this I always go with the option of getting my payment in crypto-currency and for now it has always been an available option, so my funds is already in crypto-currency so now in my case is what percentage do I want in Fiat. Since I am from a country that hasn't adopted crypto-currency to the extent of using it as a means of payment I send few funds to Fiat to see me through day to day living but majority of my savings are in crypto-currency.

This is a perfect example of spreading emotion and opinions instead of facts. If you have money to invest, invest it. Sitting on it is no way to get to the level of bitcoin you would want to accumulate. It can be once a month after payday. Treat it like its a normal thing you do that is the best way to DCA

40% of your monthly income is good enough, believe me, during the last decades on the west saving money is something the majority of the people do not do, and while in part this can be justified due the the stagnation of salaries, this is not the full explanation, people love to buy things on credit, not realizing that by doing things this way they are reducing the amount of money they can save and the amount of stuff they can buy, but since they can use their credit to buy what they want now instead of waiting for a few months to do so this has made saving money very unpopular.

I only allocate a small percentage for DCA because my source of income is not big for a month and I only get about 10%. But somehow I'm trying to do the DCA because I know that even if it's small, the chances are high in the future that the value of the crypto I save here in the crypto space will be high.

This DCA is really proven and tested here in the crypto space. Most of the communities missed doing this a lot in the past bull run, so in this opportunity that bitcoin halving or bull run is coming, the communities do not want to miss the opportunity that they can do now.

I don't have a stable strategy, and both my income and expenses somewhat fluctuate. I sell some BTC when I need to, and I don't sell when I don't need to, it's as easy as that. But thinking about it in terms of percentage of monthly income, I'd say I'm trying to set aside 10% of my total income, but I don't sweat it if it doesn't work out sometimes. If I want to spend on something and I feel like it'll help improve my well-being or well-being of someone I care about, I just do it. After all, life is not living, right now, not for waiting for a different time which may not come or which may come after we're no longer here.

I don't own any card or have any Bank account. I only use paper money and sometimes digital local currency transfer methods. Trust me, this has helped me a lot in terms of saving money. I can keep track of how much I am spending and control if I am about to spend some extra. I also keep a minimum amount of money in my pocket while going outside. No more extra spending on anything.

Card usage is a major problem while keeping a strict budget and saving. People always think that they can use this money now and pay it back later. But this is the same as borrowing money from others. And once you are in debt, it goes like a cycle. Once people get into this loop, it is very hard to get out. It keeps on going. So if you think about it, I am better off without them. I guess I'm doing a pretty good job here.

Indeed, its almost as if the 'plastic magic card' has hypnotized everyone into forgetting the beauty of compound interest and saving. Though, The 40% rule isnt necessarily a universal solution. Not every size works for everyone. Its a good idea, but not everyone can afford it, especially since wages are staying the same and inflation is making things more expensive.

Some of that 40% can go into Bitcoin, but be careful. We need to wait to make more money.

Absolutely. We have different sources of income and the total amount we gained from it so if you are considering DCA strategy, then do it with your spare cash that you can easily afford to lose. If you are a big earner in your community, then your allocation for bitcoin might also be higher than those who are earning an average amount. But that does not matter as what only matters most is the consistency of doing your DCA until you reach your desired amount of bitcoin.

As a law student, I have no means for a stable income. The only way I receive money is through my savings that are given to me by my parents every month. With this fact and along with my weekly campaign signature earnings, I save majority of my BTCs and use at least 10% of my monthly savings to be converted to BTCs in our local exchange.

While this kind of strategy is considered as a slow-burn method, it gets the job done given the circumstance that is available to me currently. Perhaps if I graduate two (2) years from now and I receive a monthly income, I would definitely consider adding another 10% of my monthly income to be totally designated to cryptocurrency HODL and long-term investments.

You are one of the rare people who say you don't have a card or any bank account unless you share an account with your wife or relative. Do you have an outside job? Since very few companies pay in cash these days, most will transfer a fixed monthly amount. But even if you don't use the card, what does that have to do with your savings? I have several bank accounts but I have no trouble saving. Furthermore, how can you preserve your assets when you have a large amount of money without a bank account?

I don't have a job. I am into business. I keep my assets as crypto and only keep some to myself that I need every now and then. Now about savings and its relevance to cards. With cards like credit cards, you feel like you are going to have an unlimited amount that you can spend. But in reality, it's a certain amount and you are borrowing that money. And people have talked about how borrowing money and getting into debt can affect your savings. You will be forced to pay back the amount that you could have saved. It that does not make any relevance to saving and cards then I don't know what does. And with debit cards, you spend what you have deposited. But with transactions like this, your emotions will influence you to spend in some situations where you don't need to. With hand cash, that is more unlikely to happen.
As for me I went out with only what I need to make the journey and what I need to buy. And some extra for emergency situations. I mange my spending like this without any bank account or any cards.

When it comes to saving money each month I try to take away 10% of my salary at the beginning of each month. Like that I can ensure to increase my investments every month before using money for unnecessary purchase. I still try to reduce my expenses each month to find additional money to use for my investment. So the 10% is the lowest amount I save each month, on top of that comes any money that I didn't spend the previous month. On average I think that I save 15% of my salary. Most of my money goes down for fixed costs like rent, utilities and food. Saving expenses usually comes from not eating outside that much and find some business to increase income. I usually try to sell every month a few older things on ebay to get more money for investing. Financial risk doesn't really concern me in the regard that I would save less or more money each month. My main approach to buying crypto currencies is the DCA method where I buy every month new coins and don't really care about the current price. As long as my portfolio is growing and I have a cheap average purchase everything is okay.

What coins do your assets consist of and how do you manage their volatility so as not to affect your business profits and daily expenses? Because as we all know, the crypto market is volatile and sometimes huge volatile will cause the value of our currency to lose a lot of value.

I'm the opposite of you, I can't control spending and save well when I have cash in hand. But if that money is kept in a bank card, I can control everything well, including savings.

The thing is, most of the money I make from my business will be reinvested into that business to maximize the profit. I need very little to live my daily life. And the amount I hold in crypto assets is most likely my savings. I use some from it every now and then but as that is not a huge amount, any kind of market volatility will not affect my savings. I only keep BTC because that's the one I trust the most. And some extra stable coins that I can sell and use. But the majority of my coin is Bitcoin. I do DCA to accumulate Bitcoin so I am safe here too and my goal is long-term.

And that's all. That's how it goes for me. Every person has their own way of doing things. For me, it's hand cash that helps me to save and not the cards. It is quite the opposite for you. So all I can say is, do whatever fits you the best. As long as it's good for you, you can stick to it.

I have a debit card because I cannot really avoid having one, but I do not own a credit card which is what ends up getting people into a lot of trouble, especially since not only they are taking a loan, they are taking a very bad loan in which they will need to pay huge interest rates if they do not pay it immediately, however it is as if people simply forgot about how bad credit can be, as in the generations before credit cards were invented people were very wary about asking a loan, while these days that fear has disappeared completely when in fact people should fear loans and credit cards more than ever.

It is like a story that I'm about to tell now. So there was this cat living in a house. Quite healthy and playful. He was catching every rat in the house and living happily with its owner. So the rats became annoyed and were trying to find a way to stop the cat. Finally, those rats came up with a plan. As the cat was very healthy and playful, it was able to catch those rats quite easily. So those rats made a plan to feed the cat a lot and make it fat. And so they did. Now the cat would only sit around and sleep all day because it was unable to move freely and catch those rats.

Now imagine that food as the loan that you get from the banks or cards. You are the cat and those rats are banks or cards. They feed you in more easier way so that you can become fat and those banks can take advantage of it. That's how dangerous loans are. You won't realize that before it's all gone.

I don't make it compulsory because I'm not in competition with anyone, So mine varies and I can do 5%, 10%, and 20% depending on what comes in at the end of the month because I have various sources of income including the business I'm running, therefore my allocation also depends on how much profit or income that I realized at the end of the month,  and if I have a rough month that month I skip because I ensure I'm risking what I'm good at losing.

I didn't really intend to do a DCA, but I'm hoping to hold my signature campaign earnings until at least the new ath (if that happens at all). Since pay-out rates are set in USD (and paid in btc) this is essentially no different than doiing DCA.

Coming up with a proper methodology is not an easy task and would largely depend on your goals. i.e. if your goal is to earn as much as possible on the next bull-run - just put in it as much as you can afford. But if your goal is to hit a specific amount of profit, then it gets complicated and would require you to assess what the realistic expected peak price is, and estimate the timing and the pace of price-growth till we get there. From that, you'd have to calculate the size of regular payments.

How does that make it any different whether you have the money as cash or in credit in your bank account? If someone has created a budget and spends money only according to that, they can always save money whether they are kept as cash or they have it in their bank account. However, if someone spends money without making a budget and spends on anything without keeping a count, this way the money tends to finish way more quicker than that.

That is the reason why I always recommend people to create a budget and spend according to that so that they can also have some savings after all their monthly or weekly expenditures. When you spend money according to that budget, you will not spend on extra things which makes you save more money.

In my case it's just 20% or less.
I have 80% of my liquid assets in bitcoin 2% in cash and 18% on a bank account.
I don't DCA a lot, just the money I earn from the forum which is roughly 20% of my total monthly income, so I use the rest to pay my bills and get food on the table and hold my bitcoin.
If we don't go to a new ATH in the next 2 years, it's still fine as I was planning to drain my bank account anyway and go cash and bitcoin only.


Does this mean you have 100% of your income allocated into DCA? How do you pay your bills? :D

I don't have money to DCA right now. I never really liked this way of investing, much rather prefer to choose a point where the price is cheap and have no regrets.
When bitcoin falls by more than 50% it's usually cheap and you can start buying. It doesn't have to be all your money at once, but it's a great point to start.

DCA investor will buy bitcoin every month which can lead to him buying at the same price over and over even when it's the monthly high. You could happen to buy at 30000, then bitcoin goes down to 25000 for 3 weeks and next month be back at 30 which happens to be your DCA day.

This will depend on each individual and in my opinion the amount we can afford is the most reasonable amount, without having to force ourselves to always do the DCA. And sometimes this amount is not the same every month, because sometimes our financial conditions and needs may be different each month. Here, for me personally, the rate is usually between 10% - 30%. However, sometimes in one month I don't do DCA at all because it is an urgent need and I have to prioritize these expenses rather than forcing myself to increase my accumulated investment. And from that percentage, don't think it's a big number. It's a small amount, but for me it's quite satisfying. especially if you can be consistent every month even though this is not easy. What is certain is, don't let us push ourselves too hard with this because this can put more pressure on us.

This is theoretically possible but, in practice, it's very unlikely. But even if that happens, if the long-term trend is bullish, you'll still get there. To mitigate that risk you could be buying twice a month or even once a week, but that's not really necessary.
Buying low and selling high is superior to DCA, but only if you can reliably predict the future. Everyone is smart looking at the past price-movement charts, but making decisions in the present time is a completely different story.

I'm not sure about it.
Because of this, sometimes it is not certain how much and when.
but at least, I often continue to hold the BTC that I received from this signature campaign payment. Although it's not always 100% because sometimes I also need cash suddenly and urgently, to avoid various debts, it would be better to take profits from the BTC that I have at a small percentage. Luckily, up to now, there is nothing too urgent that I need a large amount of, so I still have the opportunity to hold again. However, I fully understand the various risks that may occur in the future. But what is certain is that DCA is the best way. If we have truly free cash, depositing it and then investing it in Bitcoin is the main thing I need to do to prepare for the bullish era. This is one way I save, in a very simple sense.

There's no set percentage - just do as long as I have the budget. Moreover, there is no specific plan to consistently do it every month for one reason or another - so adjustments can happen between one month and another. It all depends on how much I have to spend to finance my needs in each different month - it varies a lot because unplanned expenses can usually also ruin DCA plans if you want to maintain consistency.

If someone is able to save a lot of budget every month - then of course the good thing is to do DCA on the investment you are interested. I don't do it every month - but will only do it whenever I have the budget.

After getting married and having one child who is almost two years old, around 40% of my income is used for investment or savings in Bitcoin, I have weekly income trough forum and trading in cryptocurrency another passive income although not consistency every day due have on floating position right now after my portfolio altcoin assets price drop. Its not easy how to manage well my income actually after married and have children, for all of you still single manage well your income and put more than 80% for saving or accumulating bitcoin as long as you don't have dependents.

Difference cases later when having family and need extra outcome for your daily needed until allocated fund for healthy care to your wife and your children. Current now almost 60% of my assets in cryptocurrency as long term investment, have balance for spending fund as investment assets and holding assets in the bank.

So far I have no income that I can set aside because I don't have a fixed income such as a monthly salary. So for me, depending on the income I get from working part time, if sometimes I get a large income, I set aside half to invest in Bitcoin and the other half for daily living needs and also other family needs.

Well, if there is no passive monthly income, it will be difficult for someone to invest regularly in Bitcoin every month. But this doesn't seem like a big obstacle because of course someone has an income every day, sometimes large, sometimes small, so if today income is greater, we can set aside some to invest in Bitcoin. I have seen many of them who invest 10% of their salary regularly in Bitcoin every month and that is a fairly stable percentage if they get the same salary every month.

So I invest 10% and sometimes 20% of my monthly income in bitcoin. But that could change because if I get additional bonuses I will allocate more to buy Bitcoin. It all depends on themselves and how well they can manage their finances so as not to lose balance if something happens to their economy.