Bitcoin Forum

I've entered the market at 35k euros, and I own 0.3 BTC right now.
I regret not entering earlier. My reasoning was that governments would eventually win the war against decentralised finance. I'm still not sure but I give BTC a chance.

Current financial situation:

About 55k euros left in savings, originally intended as a deposit to buy a house. Car is paid. It would make me 15k if I sell but I am hesitant about it.
That would require me to buy a new car for at least 300 euros/month of downpayment. This car will probably still last for 10 years (Toyota CHR, 4 years old)

I'm living for free at the moment. One year for now I consider paying cheap rent rather than taking an expensive mortgage.
I'm engaged and my fiancé has a job. I think I can save about a thousand euros per month.

My idea was to spend 100 euros/week on DCA. This is about the same amount of money I would pay off to a new car if I sell the old one now. I think I'll keep it. Is 100/week on DCA solid? If we do take a mortgage, that would put a lot of pressure on us and there would be no money left for DCA.

Also, do people generally DCA throughout bull markets or only when BTC is in a bear market?
I don't intend to sell my BTC. I don't know how much BTC is realistic to end up with by 2030 with this plan.
I guess it depends if the price of BTC will explode or not. But I keep hearing that we are entering an economic recession and it is unlikely that this will happen soon. Others say that BTC will 100x when large investors come in.

A few thoughts:

- I want to always keep 30k in savings, to live comfortably.
- We want to have kids. BTC holdings will hopefully one day allow them to live comfortably.
- Parents own 3 properties and I will inherit one of them. This makes me hesitant to take a mortgage now. I think that owning 1BTC will turn out to be a better investment in 2040 than owning a property. If I am wrong about this, I won't be in trouble.

Well, I am not an expert at that but if you are comfortable with that amount then why not do it. It's not about the amount of what you have spent per week but about the total amount of money that you will spent buying until you are going to do what you are planning. Right now, you have 0.3 BTC which is atleast around 12k Euros and if you spend 100/week then your total BTC will be different compared to buying BTC in bulk and if the time comes then you'll gain profit. I know you have that balance but you didn't explain how much you are going to spend.

At 100 euros/week that would be 400/month or 5k per year. I intend to do this for 5 years, so about 25k.
Unless BTC goes through the roof so much that 400/month becomes insignificant.

I really hope to get a positive return on investment from this.
If BTC ends up being money of the future, I think DCA is a better financial choice than a mortgage or leaving money in the bank where it depreciates fast.

They say invest what you can afford to lose. If 100 euros/week is the money you can afford to lose per week then go ahead. I promise you that you will not have to wait until 2040 to get back your return on investment..2024 is the year and it is just in the next couple of days. In all of these, kindly learn to keep your Bitcoin safe so that you do not lose them because of a silly thing that was avoidable

It's not about the amount of money you are going to spend because if you bought BTC at the current price then the amount of BTC you will get is almost the same value as what you have spent (that's already deducted with the fee if there's a fee when buying BTC). Well, if the BTC goes through the roof then the 400 you spent within the month won't be the same value as before. If you bought BTC in one go, let's say you have 25k and bought BTC where it's price is at 25K per BTC FOR EXAMPLE then you will have 1 BTC but if you bought BTC at different price for 5 times like 25K per 1 BTC, 20k per BTC, 15k per BTC, 10k per BTC and 30k per BTC then you would have more than 1.something BTC unlike having only 1 BTC in one buy. If you can afford to spend 100/week then go ahead.

These are all great plans and it looks like you already have everything laid out nicely. Regarding the amount of money for DCA, : There is no "best" amount as it is largely dependent on your capital so it differs per user. Given the amount of £100 per week you mentioned, that's a pretty based amount. If you have more then you can increase it. Only you would know the suitable amount since it's your capital. What I would add is that you should be patient enough to time your DCA entries so when your buy-in price gets averaged out, it would leave you in a more better position.

Best bet would be to buy during dips - not before.

I wonder why don't you take 50% of your total budget to invest in bitcoin now instead of buying a car?
Of course investing in bitcoin today is much better than buying something whose value will decrease over time. You can buy a car with cash after investing in bitcoin for some time and get returns - but of course you need to consider all the risk consequences.

This is definitely not financial advice - but the potential future price of bitcoin is much better than you doing a $100 per week DCA. If I were you, I would place 20% to 50% of my budget in bitcoin, while the rest would be used for emergency funds and other needs.

Most investors recommend me not to invest more than 15% of my portfolio in one asset. I had 67k and put 12k into BTC last week.
I can go larger but I don't know if this is smart for various reasons:

1) All economists I know, say that we are heading into an economic depression and this is bearish for BTC. Most people tell me that there will be better times to invest. They tell me that the idea of BTC price explosion is now being sold, so that we buy at a high price. And that later on we could be scared into selling when the price comes down a lot. For example in an economic depression, or when the government goes after BTC holders.
2) Investing more than 15% of my portfolio may cause the bank to contact the tax office.
3) I still have to learn how to manage my wallet. I'm studying now about how to avoid risks. I take this very seriously


I felt a lot of FOMO last week, just prior to buying.
I sleep better now because I have some exposure to BTC. If the price skyrockets, I'll profit from it. If the price comes down a lot at some point, I have an opportunity to buy more. Either way there is a positive side to it. But in both situations it is important that I keep enough savings to live comfortably.

Buying more now at 41k euros probably is not bad in the long run. But with the economic situation ahead I am not convinced that we'll never see the price get back under 25k. I think it' more likely the price will come down again at some point. I just invested last week in case I am wrong.

Mate, I know how it feels that you've missed buying early but you own 0.3BTC that's hell a lot already compared to the others that have been saying they'll DCA but still get little to few on their holdings.

The essence of DCA is to invest whenever you're comfortable with. Not going to withstand with the financial situation that you're having. So if 100 euros/weekly is a free manner to you and you can do that without having any problems financially and won't affect your other expenses and obligations, that's more than enough.

Only time will tell what can happen in the future and most of the people that I know of DCAing anytime they're free to do so and when they have spare money ready to get into the market. Just as you, do it when you're fine and have nothing to worry with your money regardless of whether we're in bull or bear but much better if we're in a bear and you did your accumulation.

IMHO, these sounds like good plans. And compared to the others that I have read with all their plans to invest in Bitcoin, they're coming from nothing so it's hard to advise on them. But with you, I think that all you need is confirmation with your plans because all of it seems gonna work for you and you do know yourself well and your capacity.

Actually, the decision is completely in your hands, but if I were in my current position, I would buy Bitcoin 100 euros to 150 euros every week during the time limit I set, remember the DCA method is a method of buying Bitcoin at whatever price the Bitcoin is at, and don't put yourself in a difficult situation, but based on what you say, your income (you and your fiancé) is quite good so you can be sure that the DCA method you will use will run smoothly in the next few years (according to how many your target year)

Do you know the idea behind DCA?
The major idea behind DCA is not how much you invest in bitcoin but how consistent you are . Someone who is doing DCA weekly with $50 and is consistent is better than someone doing DCA $200/wk and is no where near consistency. The idea behind DCA is for you to be able to invest in bitcoin in a passive way whereby you won't feel the pressure of the investment. If you are doing DCA and still being scared of being broke or not have anything left after investment, I am sorry to announce to you that you are doing the wrong version of DCA.

First, it's my congratulation for you to accumulate 0.3 BTC. Because with it, you are belong to top of Bitcoin rich list. (https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html)

You are one of Bitcoin investors who patiently accumulated bitcoin last three years as it shows in Bitcoin: Addresses with Balance > 0.1 BTC (https://www.lookintobitcoin.com/charts/addresses-greater-than-0-1-btc/)

You are still an early bird, many people will join this market long after your entry time.

$100 for weekly DCA is massive because you will spend $400 per month and $4,800 per year that is a huge money in many nation. Even you are living in a developed country, if you can do it, you already do better investment plan than many people.

Enter $100 and time (months) you want to DCA, and see how it can help your investment.

• https://dcabtc.com/
• https://costavg.com/

Using DCA method, whether the market is bullish or bearish doesn't necessarily matter. what matters is consistent investing. Your plan to invest €100/week could be a solid one as DCA is a proven strategy. Maybe €30k savings is in line with financial prudence, I think. This is really necessary for unexpected expenses, emergencies, or other investment opportunities. If you believe potential, investing a portion of your savings could prove fruitful. But do remember, btc and other cryptos are highly volatile and thus come with risks. Try not just Bitcoin and housing could be beneficial for diversification. Consider a mix of cryptos, stocks, ETFs, bonds, etc.

I'm sorry to say that I've been out of the loop for many months now and don't know what a DCA is?

Having said that, unless you're planning to buy something, you should just be content to buy a small amount of crypto each week/month - what you can afford to loose (but enough to cover inbuilt transaction fees that might eat into those funds via ATM's etc).

Good luck and keep us updated.

Invest only the amount that you can afford, nothing else. If you were comfortable spending $1000 then so be it, you don't need to force yourselves to spend more if you have fear inside. Investing matters on how much you can risk and you think that won't affect your finances because surpassing that level make you bother and are not able to make decision carefully which will lead to losing in the end. Do the thing that is best for you, not because people are telling you that this is what you must do. Think that it was your money, may the advice from others give you some ideas and investment insights but you must think it deeply.

This single point is enough reason for you to avoid a property and start investing in bitcoin.
You already are going to inherit a property and so having another one might not make you as much profits as owning bitcoin.
That's my perspective but I think if you should diversify your investments and since you already have a property then owning bitcoin is your best bet.

However, I believe OP may have quite understood about DCA but he is confused whether to do it at a bullish market or bearish market. Regardless of the season, it is important to do DCA so you can consistently place a purchase and increase the volume of your bitcoin portfolio faster. And my only advice is that, only invest an amount that you can afford to lose, an amount that is not intended to pay your bills or buy a house or car. Otherwise, once your investment did not work as planned, your life will also turn into mess.

I agree when you said that doing DCA is not on how much you invest but on how consistent you are. If you are quite hesitant about 100 euros per week, then adjust it lower than that as long as you can perform DCA in a consistent manner.

How do you put a price on every ones pocket?
I think this is something you can’t average as there are levels to how much funds someone can acquire and be free about. Based on your research income class, you could define what amount might be okay with you for a periodic investment.
You just ensure your investing enough based on an expected outcome. You don’t expect to put so little within a time frame and be expecting explosive results in profit, it doesn’t work that way. Your capital is going to work in an undefined ratio to your profits.
So, you just ensure your putting in just about enough and be judicious in doing so.

If you plan to keep accumulating Bitcoin through DCA for a long period, I suggest that you do a proper budget to identify the most convenient amount you can invest monthly. You should always have enough money that is sufficient to take care of your needs and that of your family. You should also have an emergency fund that will help in taking care of unforeseen needs in the future. Most people sell off their holdings because they are zealous to invest and fail to keep sufficient funds that will sustain them as they wait for the investment to mature. If $100 is convenient for you, I suggest you stick to it and you can increase the amount gradually in the future if your income increases.

I would think differently, and you said you have 55K in savings already which means you can go all in now like buy for 25K straight and wait for the next 5 years that is definitely a lot more returns than investing every week a 100 but still it is your decision and how much you are willing to risk.

By going all in still you will have 30K balance left with you and the 400 euros that you want to invest can be used on your other chores but I will not be buying a car right now and just keep the old one for as long as it runs then buy one for the downpayment.

Given the rate of increase in the price of Bitcoin, these 8 years may be crucial because starting from 2030, Bitcoin will not increase quickly, which means that investments will be boring and closer to gold, so buying now is much better than buying a property as long as you plan to keep Bitcoin for more than 10 years. If you can get a zero interest loan, invest $10,000, and pay $1,000 a month, that will be better than DCA.

I would like to choose a year with halving like 2028, 2032, 2036 and 2040 rather than 2030 that will be a bearish year. I disagree with your chosen year but perhaps you just saying the opnion and did not mind to take into accout halving year.

I agree with you that in future, when Bitcoin price is high enough, its market cap is big enough, it will have less growth with future halvings. Fortunately we are still early enough to accumulate bitcoins for our portfolios and 2023 or 2024 is not too late year to enter this market.

DCA https://costavg.com/

Gonna go a step further, but since I can't provide any financial advice, what I want to ask is, how well do you protect your Bitcoin?

It is another thing you must keep in mind, regardless of your financial situation. The reason why I am asking is that Bitcoin is not as easy as "Buy it and hold it in the exchange". Exchanges are intermediaries essentially and if you don't hold the keys that unlock your coins, then if they just disappear, you will have nothing.

I am saying that, because from the numbers you posted, I reckon you have made a significant purchase.

Maybe you need to first learn about what DCA is all about, then you will understand the specific amount you can invest using this pattern, it's nothing than a simplified means if acquiring bitcoin to make you feels like it's been easy to accomplish acquiring and Investing at all convenience, it's all about a gradual process, you can leave your normal life and yet Investing without missing out opportunities in either ways there hen you understand how to make the balance, everything goes well with a long time plan in using this method irrespective of the time you invest.

No one can know your financial situation better than you do, and therefore it will be easier for you to make the right investment decision. And if 100 euros per week is not going to be burdensome for your budget, you should invest in Bitcoin. If you can allocate more money to buy Bitcoin, then you will need to use this opportunity.

Spending 100 euro every week is huger enough for DCA and to me DCA can only be applicable when the price of bitcoin is not stable, let say is going sideways whereby you don't know either to buy in large quantity and regret putting huge amount or whether to buy smaller amount of bitcoin and regrets why not putting huge funds to accumulate enough volumes of it. Other thing I will like to say is that do not be entirely depending on bitcoin progression or growth basically i can say that whatever news you may get today is purely on speculation and when influencers speculates much on bitcoin it gives high hope to newer investors especially when they don't make a proper researched before venturing into their investment journey.

Spending 100 euros for DCA every week may be sufficient enough, as long as you know the risk of your investment and you are investing the amount you can manage to lose. Otherwise, you will only regret putting that amount if you think you are not ready to lose your money. DCA does no matter on the amount being invested, but it's always on the consistency of your action, on how often you do it. So if you find that amount not an issue to you, so continue doing DCA with your weekly budget.

Any small amount will do with DCA. At the end of the day, after years of long term hodling, your investment from small amount is not small anymore, but big and massive like everyone's dream of owning.

It all depends on how self-control is carried out according to wishes. Doing DCA with 100 euros may be easier, but it needs to be done gradually to accumulate more and more assets and get lots of profits when prices rise. Using this opportunity before the halving occurs will be very good, Bitcoin will go to a new ATH and make new history

From my own perspective and how I do my DCA most time, you can be flexible with your DCA in the sense that you can purchase Bitcoin depending on the amount that you can spare at any given period that you wish to Buy and still reach your goal successfully.
Don't make it too hard for yourself because investment is all about risking what you can afford to lose ,DCAing with 100 Euros more or less, only your pocket would determine what is good for you.

I take security very seriously. I have made a fake facebook profile to enter crypto groups and speak freely without tax agents tracing comments back to me. A few BTC whales have contacted me and gave me advice about how to protect my portfolio. Even though it means nothing compared to theirs.

For now I believe that the wallet that suits me best, is coldcard. I spent a week doing some research and this is my preference at this point.
I'm not planning on going into altcoins for now. And if I ever will, I will keep them in a different wallet.

My BTC purchase has been on an exchange for 1 week now. I know this is a "mistake". But even though the amount of money I put in is significant, it is not life changing. And I thought it was worth it to take some time to select the best wallet for me.

It will be coldcard. But when it gets here, I hope I can have physical contact with a coldcard user who can show me how to set it up properly.

100 euros/week equates to 5200/year. If BTC stays where it is today, that is something like 0.15 BTC/year.
I've been shown spectacular numbers of people investing 25/week since 2015, and ending up with 4-5 BTC.
It makes DCA look spectacular but in my opinion they just ended up with significant BTC holdings because the price was 10x-20x lower than today.

Aside from my DCA strategy, I plan to keep enough money on the side (around 50k) so I can make a large purchase in case it ever drops back near 20k. I always buy per 0.1 BTC. If it ever drops near 20k I can buy 0.2 or 0.3.
My current goal is to slowly work my way to 0.5 BTC (coming from 0.3 now). If I ever get an opportunity to make it to 1 BTC cheaply , that would be fantastic.

We're 9 billion people on the planet now, and this number can double in 30 years.

In a utopian world in which every citizen is as rich as the other, and BTC is the reserve currency, everybody would own 21 million/9 billion = 0.002 BTC. I'm already 150x higher than that.
I believe that if I ever get to 1 BTC and it becomes globally accepted money, I'll easily belong to the richest 1% or even 0.1%.
Currently a million addresses own 1 BTC or more. That is 1 000 000 out of 9 000 000 000 or 1 out of 9000. Keep in mind that a large percentage of these accounts are already lost (keys gone, owner dead..) , making BTC even more scarce. I think the amount of accounts with 1 or more BTC that are actually accessible, is something like 1 out of 15 000. I don't know exactly on which percentile that would put an owner of 1 BTC, but it must be something like 0.001%

Of course, you can invest the way you do it, but it will no longer be a DCA. Using the DCA strategy involves buying in equal parts in a certain period of time. But if you have enough money and the price, in your opinion, is at the minimum values, you can follow the LSI strategy by buying Bitcoin immediately for the entire amount you have.

There is quite a simple answer, only invest what you can afford to lose.  If you can afford to sell your car and buy BTC then do it.  If you can afford to sell your house and rent for a cheaper one to invest in BTC then do it.  What matters here is not the amount but the question if you can afford it.  Do those things without regret and be able to accept losses when the plan failed. 

As you can see, there is always positive and negative result, so one must be prepared for the negative result and will not be devastated if that happens.  So if all your plans are good and you are not hesitating and the money involved, you can afford to lose @OP, then go with your plan.  Hesitation when you are ready for the result will only bring you regret in the future.

Better yet you can talk it to your parents or your soon-to-be partner since they will be the next ones to be affected by your decision.

Why do DCA just before the halvening? If the new cycle will be like the previous cycles, there's a high chance these are the last weeks/months when Bitcoin is at $40k and it will never drop this low again. Why not buy the amount you are comfortable with today, and DCA some other investment like your savings account?

DCA is just an advice that newbies give to each other without thinking too much.

I tend to agree with this, upon reading the OP thread this comes into my mind.
So, therefore, invest what you can afford not all your weekly or monthly earnings.  Might you come up with such a situation investing in Bitcoin your whole earnings and after a week you want to withdraw it even in a losing position.  

Invest in what you can afford in any amount and if you're doing this DCA method, isn't good if you buy weekly, it always depends on the market situation and the best points that you will enter.

I think that shouldn't be the right phrase to be used in this situation because despite the risks involved, Bitcoin investment is not directly comparable with gambling and that phrase is used for gambling since one can easily lose what they use for gambling while that's not the case with Bitcoin. It's better if we say that one should only invest what they know they won't need anytime soon because the market is highly volatile and it might dip after they buy and then they might have to wait for years before they can withdraw their money unless they sell at a loss.

Coming back to the topic, @OP, there is no specific amount that one can or should use for doing DCA, it depends on one's target and financial situation. If you can afford to use 100 Euros per week for it, that's great. Just make sure that you should stretch things out just to make adjustments for this.