Bitcoin Forum

I was thinking new kind of plan to buy bitcoin every month from my salary immediately my company paids me but I still have other responsibilities to carry with family so am skeptical about it especially now that the price has no direction. If can afford storing every month in a long run I may realizes half of bitcoin unit and that's a big achievement to buy but to you is funny because you have enough of it. So advise me on what to do! Should I hold on because of the instabilities in price? Or I should buy and store? Over to you

The best method ever is DCA. Start Doing DCA with whatever you can afford to lose. Let's say you can buy $10 a week. Go on. The price was never stable, and it won't be stable. If you can invest $50 a week, Start Accumulating from this week. But, If your income is meager and you can afford as low as $10 a week. I would advise gathering them and buying $40-$50 monthly. It will reduce the fee for the transaction.

See to your responsibilities and buy Bitcoin with whatever you have left at the end of the day.

The price is consolidating. When the price is not climbing is the best time to buy, cause you're in a better position when it starts rising.
Always think long term

Except for a really few early birds, most here are stacking sats like everyone else
Half a Bitcoin is a reasonable target and would benefit you in the next bull run

No one can tell you what to do. Your investment decision is your responsibility.

Look again, are your responsibilities towards your family fulfilled with your monthly salary? If there is still money left over from these needs maybe you can do it to buy bitcoin to save and that is a percentage of your salary then this can be called the DCA method, you might be able to simulate it here: https://dcabtc.com/

That's bitcoin because of its volatility so the direction is uncertain or the so-called fluctuation, but rest assured investing in bitcoin is much better than shitcoin, many people have stuck with bitcoin despite the price volatility in the market but bitcoin has a better history for the future.

Now all you have to do is how to plan it, are you ready to buy consistently or do you still have doubts, it depends on yourself.

You can buy weekly, daily, or monthly; it all depends on your budget and expenses. If your income can't hold up all your bills, I will advise you not to force it just to buy Bitcoin, because taking the decision to buy Bitcoin with the little you could have used to sustain yourself is a bad idea. You can buy Bitcoin today and run into needs tomorrow, and you will need to sell off that Bitcoin, whose price might not be the same as it was when you purchased it, which will make you record a loss. 
 
You are advice to invest money that you know you are not going be in need of anytime soon. 

My opinion for you that investing in bitcoin is not that necessary that which you must have to do, at first fulfill the needs of your family  with your salary. And if some money is left for savings after completing household expenses, then you can invest it in Bitcoin through DCA strategy. Many people here do these savings through the bank. I think if you need to make savings for the long term, then you can get many times more profit than the bank if you do bitcoin investment without going to the bank.

mate there is no reason to worry so much, you take your weekly or monthly statistics, where a certain amount of funds you can invest in bitcoin, no need to look at the price you continue it until the next halving i.e. until the next bull-run. I also have adopted a strategy of saving $10 per week since a few months ago

You should try to earn Bitcoin by offering your services and accepting bitcoin along with fiat currencies.
This is best option to get more bitcoin, but if you want to purchase and hold I think doing dollar cost average strategy is best, this can be weekly or monthly purchase of small amount of bitcoin.
Nothing is stable and there is illusion that fiat currencies are stable, especially with printing machine working overtime, just check the prices and you will understand that inflation is getting bigger all the time.

As others already suggest. DCA is the best method to accumulate Bitcoin for holding. We observing a $29K price range now. It's still the beginning of the Bitcoin journey. It's not too late to start your journey. We have a long way to go. Always invest what you can afford to lose because we don't know when we can see another FTX Fiasco. Centralized exchanges control the current market.

Map out all your daily expenses from your earnings, then drop some few figures for up coming arising needs because they will definitely come, check your left over and calculate what will serve you to your next pay, if you still have enough after all this, then yes I advice you buy more BTC and save, but it you barely have left over. OP I will advice you forget about buying Bitcoin and take care of your needs first.
Investment is for those who are ready for it, both financially and the risk aspect of it.

OP if you have spare money every month to invest in something you can invest in bitcoin now. The price is still good to buy and hold bitcoin unless it crosses 40K dollars. Anything 40k is a good buying price for bitcoin, because people are now coming in the market with money to buy more bitcoins.

But if you are living on your paycheck and you don't have that spare money to invest don't go for bitcoin investment. Because bitcoin investment is not for short time holding, you have to have a long-term plan for bitcoin investment.

Whatever thing you wanna do don't always forget your responsibilities because the reason for investment is for future use and when the needs arises and you couldn't see to it then your savings have no usefulness to your life. Investing in bitcoin is also a right options to venture into, however you may buy little fraction of it because you don't know what the future may holds about bitcoin and the price may soar than you think.
So buy little and hold to avoid being regreted in time to come for not utilizing the wonderful opportunities just as others did regret presently.

Simple advice, is just to buy at a lower price every time and not spending money when the price rally, for example the price, this month is higher I suggest wait for lowest price as possible its a waiting game, and more patience.

Given that you have stated that you have family obligations to fulfill, we shouldn't be in a rush to invest in Bitcoin when we haven't met our basic necessities. Prior to thinking about purchasing Bitcoin, it will be better to take care of your family's needs. Don't worry too much about the price direction; you can buy whenever you want as long as you can hold for enough period of time to reach your profit target.
I can't advice you on this because I don't know how much you are making and the challenges you may be facing with what you are making, the best is to plan for your self. Sometime eagerness people later sell their Bitcoin investment before their target time because they have invested what they didn't suppose to invest by no planning it well. So don't be too eager to get the Bitcoin at early price when you may have problems to solve.buying of Bitcoin should depends on whenever you get the money, buying daily, weekly or monthly nothing is bad.

You only should spend part of your salary to buy bitcoin. Don't use all salary you received to buy bitcoin. Price can move higher or lower than your entry price and it is not happy and good if you have to sell your bitcoin at loss when you need money.

So why don't reserve some from your salary in fiat currency and don't have to think of selling your bitcoin anytime because you need fiat currency for your family. $100 is always $100 but you can have $150 or $50 from your initial $100 which you used to buy bitcoin and sell it later.

Investing is also a disciplined plan and needs to meet goals within a certain time frame. You can save in the form of Bitcoin from a portion of the salary you get every month, use the CDA method to build a strategy for saving in the future.
It is worth considering the risks because cryptocurrencies are never far from volatility. If you are unable to take the risk when there is a price shift that results in a reduced asset value that makes you worried and wants to sell it immediately, investing in crypto assets may not be the right investment for you.
Don't ruin the initial plan just because of a slight shift in price, stick to the initial goal and you have to be sure of the potential that Bitcoin has.

You have to take care of your family responsibilities first before thinking of investing on bitcoin, because if you use the money of taking care of your family to buy bitcoin, you might end up selling your coin very cheap when the demand for the money is needed. After taking care of your family responsibilities, if you have any little amount left you can save it till it has gotten to a reasonable amount, you can buy bitcoin with that. Keep doing this regularly, so that you can keep accumulating more bitcoin for yourself till when you feel that it is the right time for you to stop. DCA will help your investment since you plan to hold for long. It is better that you start buying now because you don't know what will be the next price Bitcoin will rise to.

If you have decided to save bitcoins or have already started saving bitcoins, you have undoubtedly made a good decision.  Because the market level has been decreasing for some time. Yesterday the Bitcoin market crossed $29K to $30K which is a very good sign. So if you were investing in Bitcoin at the time you asked for advice here, you might have made some sort of profit by now. And even if you haven't invested so far, you can invest in Bitcoin now. Because now there is no such instability in the market. But the market is naturally moving upwards little by little. So if you can buy bitcoin now and keep it for a certain period of time then you can expect good things.
So my advice on this is that you spend some part of your job salary on Bitcoins every month hopefully it will get you in good shape at some point.

Maybe sometimes I don't like to suggest anything to people but I always tell what I do in accumulating bitcoins. well I am using DCA for long term. I don't really care about price when I buy and accumulate using DCA. but I also have another method which is done by me when the market goes back to bearish. i.e. I buy back every stage of decline (Average Down). I also do that to make the average price I buy cheaper. but I only do Average Down for medium-term investments. medium term I mean until the bull market comes back. but for DCA what I do is for a longer term which I don't specify for how many years.

that's why only use cold money that you won't use for years. or even we are ready to lose. and when I have other more important needs such as for my family. so I sometimes pause my accumulations and first prioritize meeting the more pressing needs of the family.

I prefer not to rush and accumulate in a relaxed manner without pressure. because this is for the long term so we also prepare the planning carefully and full of calculations.

all decisions are in the hands of each of us.

Your family first dude, cos I believe that's your major priorities but if you have spare cash you can buy but from the look of things don't expect any increase for now and at times even the money you use in storing might still disappeared because of the price situation. So the steps you wants to take is very nice one but I love were you mentioned your family, you're a good person. Please take your time to plan how to go out it but don't let it pressures you instead face one you can do per time.

I think you need still to priority what you should pay off first before investing it on something like bitcoin. You couldnt afford to lose more since you have responsibility. If you really wanted to invest then you could set aside only a little of your extra but doesnt compromise your other financial duties.

Price for bitcoin is volatile and even its up now, its not predictable and could also go down the least we expect it.

I hope you know that the well-being of your household should be your main priority. If your income is less than or equal to the amount you need to make them comfortable, just focus on them. Opportunities to invest will always be available. Investment is good but you won't subject your family to suffering because you want to invest in Bitcoin.

You can also observe areas in your expenses that can be reduced or cut to make you have little savings. Seeking another means of income like taking a side hustle or starting a business that will not affect your full-time job might be helpful. As your increase your rank on the forum, you can earn Bitcoin through signature campaigns or winning competitions.

That's not possible when you invest in Bitcoin, quite a lot of altcoins plunge and go extinct after one invests in them, but if you buy Bitcoin there's no way your funds can 'disappear', it might only plunge temporarily and you don't lose until you sell, thus as long as you are ready to hodl for the long term, it is definitely going to appreciate in price again, and that's because Bitcoin has an actual utility which makes it impossible for it to go extinct.

Good advice, I don't recommend buying as low as 10$ worth of coins every week and withdrawing them to your wallet, it's a waste of gas fee, also I won't recommend leaving the 10$ worth of coins on an exchange, thinking that every month ending you will withdraw the worth 40$ worth of coin back to your wallet, centralized exchanges are not reliable, anything can happen to them at any time.

Your coins are a lot safer in your private crypto wallet, gather or save the whole 40$ per month before buying coins on the exchange and move them out ASAP.

then don't do it. only invest what you can afford to lose. Your family's financial stability is more important than investing in Bitcoin which may or may not gain profits in the long run, but if still insist on wanting to invest, what Learn Bitcoin posted would be your best choice.

Yeah, I still advise people to buy if they have an amount to spare. Keep stacking Sats. Keep saving money in Bitcoin.

The price right now is around $30,000. That's still a good bargain price I think. That's far from the $20,000 price exactly a month ago, but you need to look further. You need to look beyond the small rise that the price just had. One day, you will look back to this day and realize that $30,000 is indeed a buying opportunity.

If i may ask you, don't you have a plan how you structure your monthly salary as you are being paid?
For instance, you may decides to share your income into 4 parts and use a part of it to invest in bitcoin or even using 2 part of it to invest because to me i don't see any reason leaving my salary in our local currency since inflation is really taking over everything which may likely results in not having any value but with bitcoin your value maintain though is also volatile but is more secured.

That's hard decision to think about since this could affect the financial status of your family so if you are not really ready to take the risk since your money is just enough to buy your daily needs then don't gamble your faith on risky matters because you might end up hungry when you lose your money if market dumps so bad.


Actually setting up some target amount to store in the timeline you set is really great. Don't think about what other could think about your holdings since as long as you think it will be beneficial to you then go for it. Its just just make sure you didn't lose all your hard earned money so that you cannot get badly affected financially while you are buying some bitcoins on monthly basis.

Bitcoin price volatility should not be a barrier to purchasing Bitcoin because you have been holding it for a long time; however, given that you have some family issues to resolve, I will advise you to wait until you are completely settled with your family issues before resuming your investment.

If I can advise you, I would say you should invest on Bitcoin now as the price is still low and trying to retrace back to forma price, so is actually good to invest now but make sure to understand investment risk.

My advice is a little bit different from yours, Bitcoin has reached a certain high level that new holders should be careful of. Not that the coin will still not rise, it will reach the mood as a matter of fact, yet we have to be wise, be managerial and plan our investment at best. Buying at lower levels is the best and I can't encourage buying at over $30,000 (current price) in which the coin had moved about x2 of the price it was in the last 6 months.

I already have a substantial amount in the coin at lower levels, and I will wait till it has a meaningful retracement before adding to them. This might take months, but I don't care, I will maintain my stance of investing at a lower price, or else I will not invest at all.

That depends on your personal investment strategy. Holding on to Bitcoin during times of instability can be nerve-wracking, but it can also pay off in the long run if the price eventually rises. If you do decide to buy Bitcoin, using a dollar cost averaging strategy can help mitigate the risk of volatility. By purchasing small amounts at regular intervals, you can avoid investing a large sum of money at once and potentially suffering a significant loss if the price drops.

After all, investing in Bitcoin can be a tricky decision, especially with all the price fluctuations going on. It's up to you to decide whether you want to hold on tight and wait for the price to go up, or take the plunge.

You do not buy bitcoin utilizing a part of your compensation planned for your family. When you invest, there are always risks, and bitcoin is no exception. Consider the consequences for you and your family if bitcoin crashes. Keep in mind what you already said about the fluctuating price of bitcoin. Make a well thought plan and buy bitcoin from part of your savings. You can do it every month or in any other time frame that works for your status. Every satoshi counts because only few wealthy individuals can afford to buy bitcoin in full units. Using only a part of your savings can keep holding your bitcoin for a long time without having to sell it in case of an urgent need.

You can also try to take advantage of your investment and kill your bad habits like smoking and drinking alcohol instead you gonna use that funds to buy bitcoins and you surely won't gonna lose with that method. Because you are like hitting two birds with one stone, you can get away with your addictions and also you have a chance to become a millionaire in the process when you want to hold it for the long term. Not only that, I know there are some bad habits that you need to avoid and you spend money with them, if you can only instead spend it on buying bitcoins it would be best for you.

You should divide your salary, first is to your family needs, daily needs and second for bitcoin. Just save the part of bitcoin and when bitcoin is dropping try to buy bitcoin in what you divide in your sallary. Best option is wait 'til the markets drop before you buy because if you buy when the bitcoin is green and buy again in the next month, you will lose some money. Don't rush yourself in investing, give time to your family and wait for the bitcoin's drop and buy it.


Yes bro family first but you still need to save money for future, if you buy some unnesessary things your life will not improve. Try to divide, save and invest. Don't rush things and understand what you're planning

In your case all you need to do is financial management like 70:30 or 80:20 which means no matter how much you're earning make sure 20 to 30% of it goes for long term investments to achieve you can cut off your unnecessary expenses. To do this make your own budget and write down what are the things you can cut down and also look for ways to earn more since we are in internet era you can monetize your skills with freelancing websites.

Yes, not everyone can be like you. They have different comforts and thoughts. So basically everything is adjusted to everyone's ability. But I agree with you, and I do that too. My top priority is family, so if I really need money and don't have any at all then I will take some of my BTC. Although I did try to keep it.
So indeed the best idea is to determine the priority scale. You don't have to make your family suffer to fulfill your desire to own BTC.

As for restraint, I can indeed advise some people to hold back. But of course there are criteria that I determine. Not all coins can be held because not all of them are able to hold and get profit.

The price of bitcoin has increased since the beginning of this month and now selling at $30,+++ , you have to consider your investment power and know your priority with to your family which is also important because if you invest now with the upkeep of your family and expecting to get it back within shortest time like few months, that will not work since halving is still next year. So it is still left for you to compare your choices but the price of bitcoin is still good for DCA.

If you've spare cash that won't conflict with your responsibility to your family, please buy all you can. Also, remember that we're heading into a bull season because of the Bitcoin halving that's drawing near us in 2024. So, you should be looking at a long term investment when buying it if you're to enjoy your actions. Your fear of price instabilities shouldn't be a thing to worry about. Nothing in the market stays steady in terms of price. If it does it will be very boring to invest in. If you can, do a DCA on Bitcoin and gradually build up your hodling.

You can do anything after the family needs are sufficient from the monthly salary, you can convert the rest into bitcoin gradually. Your plans are very good for the future, keeping Bitcoins for the long term will give you multiple profits. Don't even think about selling it when the bears come because it's only temporary, after that you will see the bulls which makes the market green again.

First, I don't know how much you earn and spend each month from that salary and how much you can save as an investment budget. If you can save 20% of your total income then I hope you can invest 15% of it into bitcoin with some strategy. DCA is best if you are too unsure about price direction, but it really depends on your investment plan.

Bitcoin is still -56% from its last ATH, which means this is the right time to start investing. But in any case, you have to adapt the purchase to your plan because it is the best for you even if you have found good advice. Besides, you don't need to take my advice and that of other users as financial advice, meaning you have to make wise decision based on your own analysis.

I still advise you to buy more and save. But you should try to calculate in advance how much your routine expenses will be each month and you still have how much money you can use to buy bitcoins. If you already know how much money you still have left, you can start buying bitcoins at each price correction so that it will add to your bitcoin amount every month. And if you can save half a bitcoin, you can make a big profit on the next ATH if you end up selling bitcoins at that peak price.

It is a wise decision to pay attention to the availability of the budget before investing, of course this must be done so as not to interfere with other needs. Buying bitcoin now is not bad choice even though we know in the last 30 days the price has gone up 47%. Bitcoin is very likely to move forward after a year in the bearish zone, so it is time to buy and hold for long term investment plan.

ATH is of course big hope among traders and investors, but I would not advise them to expect it too soon when the halving hasn't happened yet. There is still plenty of time to prepare investment portfolio, so the sooner the better although they shouldn't ignored possible corrections.

Actually the investment depends on the income of individuals because if you cannot afford to invest then it will become hard for you to recover your money. If you have some money at the end of month from you salary that you do not use in daily expenses then surely Put that amount but if your salary is just enough for daily uses then I will advise not to do this because sometimes the price become low and you have the need to sell your bitcoin then you will face loss.

It is better to just buy once and hold for longer time because holding is better than selling at low price. Invest money but that part of money which is not for daily uses and you can save it for longer time.

You do what you do, OP. I'd keep stacking if I were you, don't rush it, when you're able to take profit and limit your risk to minimum do it.
I feel calm and confident holding coins and stacking sats. If you don't, it may not be the investment for you.


It's funny how 4 months ago when people were asking about similar stuff the answers were much more bearish. At that time Op would get responses like:
Only invest if you can afford to lose
Wait for the bottom
Don't buy too much because it could go down again

Now people are again telling others to buy, stack, hodl and all that. Feels like 2019 all over again. Really I can tell you that Spring came and there was this fresh vibe in the air of people waking up from the 2018 bear market.

Investment is not something to be forced. Invest when you do have some of what you can save. especially for Bitcoin, if you allocate some of the money you receive from your company. try to be consistent. but of course, it doesn't interfere with the finances of your family. if you need more money for urgent needs. then you don't need to save it for Bitcoin. do it in the next month when indeed your finances are really good enough to invest again.

If you look at your activity on the forum, we can conclude that you have free time. What if you set aside your free time for extra income? Now the network has job offers that people are willing to pay in bitcoin. You could keep all the money earned in Bitcoin, thereby not touching your basic salary, and at the same time be an investor.
I see that you regularly try to create topics; for sure, the hope of getting merit plays a motivational role for you. But if you see that your attempts at authoring new topics are in vain, maybe you should not waste time on this but go and look for additional income in what you do better.
Just think about your time.

It will be a good idea to be buying Btc little by little and keeping it.You should invest the little you have after deducting all your needs from the salary nobody know when the bulls will return so it will be a wise things to only invest what you can afford to lose,It is one of the golden rule of investment.

It should be only your decision, if you say that it is too expensive for you to save and buy every month, then don't do it, each of us has expenses, most of us have families and children, and therefore everyone should proceed from his situation.

If you can’t buy every month, then buy less often, let it be once every two months, or see and plan for yourself how it will be convenient for you. The same goes for when to stop buying and just hold, this should also be only your decision, bitcoin showed good growth in 2023, without significant corrections, I would also pay attention to this.

It is a good thing that you are still trying your best to invest despite having financial struggles but one thing you should always remember is to invest only what you can afford to lose.
Of course, there will be times when our budget is too tight and only enough to sustain our financial needs but you don't have to force things out if you can't really do it. You can actually try it when you have enough savings as long as the price is still in a good shape and will still be profitable. It's fine if you miss a week or a month of investing but be sure that you are exerting an effort to save and invest when you can because you will still benefit from it when the time comes.

In making any investment, the investor has to look at future prospects. Buying and storing bitcoins from a portion of salary is definitely good strategy. If you buy Bitcoin with a long-term investment in mind, you don't have to worry about when the bull market will start. Because there is no doubt that Bitcoin will do big in the market in the long run. So those interested in investing with long-term holding thoughts regularly use their extra money to buy bitcoins to strengthen their positions.

Yes, this is an opportunity for us to continue to collect bitcoins as the forecast in 2024 will go into a bull market after the bitcoin halving event so that will give us great returns. Op you can put in whatever amount you have left of your paycheck because even if it is small but if you consistently make bitcoin purchases every week or month continuously over a period of one year then chances are you will get a rather large total of bitcoins accumulated over the above time period, feel free to buy bitcoins using your salary money if your goal is long term investment.

That’s for you to decide. If you think you still have extra funds to buy, then why not. But never compromise your funds just to make it happen buying every month because you have a goal to achieve, prioritize first your family’s basic needs and expenses. And when you have already spare funds for bitcoin, do the DCA. Buy a portion of it everytime you are capable to buy especially when the price drops again to its bearish price.

Always best to use your spare funds on this market as this market is a very volatile one.
Because if you are using funds from your basic needs, you will end up stressing yourself.
It doesn't matter if you can allot this month or not, as long as you are not forced about it.
The important thing is put food on your table and pay your monthly bills first.
Savings and other investments can wait. Much better if your family is not deprived of decent living.

The price of bitcoin has only one direction and that's to move up, compare all the prices and the bear markets were just essentially needed for it to move to a better price.
Just DCA and don't think of any problematic scenarios about the market because it's been proven to get better when it gets worse. But mostly, don't forget your obligations being a family man and just get some spare to spend and buy bitcoin. That will suffice and be consistently in doing that and try to sacrifice some of your vices if you've got any or subscriptions that are unusual and use that money for buying bitcoin as you DCA.

Actually, buying and storing your coins is always a good option as long as the price never reaches its peak yet, so you have all the time to accumulate a lot more of it. However, it also depends on your finances and your capability to constantly buying it. If you have a tight budget, then never push through it but prioritize what’s needed the most. And when you’re done sustaining the basic needs of your family, then it’s time to spare some extra funds for your investment. And when you have save enough, that’s the time to buy a portion of bitcoin and hold it. You can always do it everytime you have extra funds reserved for your investment. Invest what you can afford to lose, that way you will lessen the risk from your investment.

Invest on what you can afford to lose, dont make yourself having that kind of mindset that it would be making you guaranteed profits on the time you would be holding but of course we arent that blind not to see
when it comes to potential and this is why i couldnt blame out people on having this kind of belief and mindset to have in mind.If you do see that it is really worth to invest then go ahead but of course
you shouldnt really be that irresponsible towards your family specially into your obligations.It all matters with proper financial management since not all would really be that good on handling
out their finances but if you do see that you do still have some extra to spent on saving up or buying Bitcoin then go ahead and do it.

This is like dollar cost averaging (DCA). But make sure that if you buy it like this, I believe you will hold it or store it for a long time.
Buying little amount for every specific time will make your buying price average price will change always, I am not saying this is bad.
This is very effective and profitable when you do this during the bear season because let's say on every dip you buy, for sure once the price will go back pumping, your average buying price may be in low price.

Planning is crucial when it comes to finances, and if you believe that investing every month won't have an impact on you, I advise you to do so. You'll know you have a certain amount of money set aside for investments, and over time, you'll earn a profit. If investing every month presents a challenge, you can consider investing every two months. The choice is ultimately up to you, and it will depend on how much money you make from your working place but sincerely buying and storing is not a bad idea at all.

I do, I think buying more right now is a great thing and we should not be considering that as a bad idea, people are not entirely sure because we went up so high and some of them are worried that this increase will be followed by a decrease. But even if that were to happen one day, I feel like we are not there yet, we are doing fine and we should be going higher and should be considered as a good thing at this moment.

I believe that the best thing we could do is to get a bit of bitcoin at this moment and hopefully make some profit when the time comes. I think the drop after an increase will not happen all the way until we are above ATH price, maybe a tiny drop here and there but nothing big.

Yes whenever possible, buy as many coins as you can. As these Bitcoins are very rare. They are limited in numbers and hence more you buy and accumulate it, more is that chance that you will get immense profits. As the demand for the coin is increasing and the coins are limited, so yes after some specific year, the demand will be so high that the price will go up in order to meet the demand. At that time if you have good amount of Bitcoins in your wallet, then no one can stop you from becoming a millionaire. So yes the strategy of buying the coins each month is really good and looks promising.

It's best to have a budget first before anything else. Make sure that your debts and the necessities to live to have a budget are paid. The best thing to do is to have that direction and know that you need emergency funds to be prepared when something happens.

For starters, it's best to have that buy and store because you will never know the price in the long run. You better decide on what you want and not because somebody suggested it to you. Have your research on it and explain why you will do it in the first place.

It would not hurt for everyone to make savings, firstly, it will help you feel more confident in any situation, and secondly, it can become start-up capital for the implementation of some kind of business idea, sometimes it happens that we see a good idea but we need money to implement it. Or this capital can be a good start for your investment, if the market falls, then you will have the funds to buy. I understand that not everyone wants to make savings, this is not the most fun thing in life, but you think about the prospects that this could bring in the future.

It is a good idea to buy Bitcoin each month with a part of your salary. You shouldn't use all of your salaries, surely you must prioritize your family's needs. 10%-15% of your salary seems enough to spend for buying Bitcoin monthly. I also invest in Bitcoin and buy it regularly, but I never forced to use a big amount of money from my salary. For me, Bitcoin investment is just an additional asset, just use the amount of money that we can afford to lose. By the way, why do you think the current price of Bitcoin has no direction? I think it is clear enough that it gradually increases and will be nearing the ATH. We can expect that there will be a new ATH in the next bullrun (probably 2024-2025). Check again the price history, mate!!

The price of Bitcoin is quite expensive now but if you think this could give you a better life in the future, still you need to find a way and continue investing in it. But of course, you still need to consider your finances if you were still able to provide for the needs of your family.
You have to put in mind that investing in Bitcoin is a good opportunity. I understand the situation that the price of Bitcoin will sometimes dump and pump, but if you look at its history, you can find out that it was growing rather than decreasing which means that if you are still buying now, profit will come when you hold until it went bullish and sell them.

Don’t invest if you think you’re not capable enough. Remember that there’s no certainty in any investment, so whether it’s a profit or loss in the future, at least you only invest in your spare money and what you can afford to lose. Otherwise, if you stick to your goal leaving behind your family’s obligations and responsibilities, if your investment does not work in the future, you will surely regret your decision and your money will hard to regain anymore.

Planning budgets is one of the crucial basis to consider before investing in the market because this space is unpredictable and temporary goes against plans setups. I always recommend for plan B because the market will always look for ways to make you compromised your budgets inother to suit in, which is totally not right. The market will only brings losses when you make mistakes,we ought not to be angry but be able to spot out our mistakes and correct it inother to avoid repetition of it. Buying more prominent coins is our ultimate priority during the bear season and wait for the long bullish candles to be triggered.

Financial arrangements are the main support when investing. here, of course, we must be able to sort out finances between money needs and investment money. from there, of course, it can be a more stable driving force for our psychology. because many failures start from ambition and greed, they force their finances to invest, until finally there is a psychological attack because it does not match expectations. then coin selection is also important, even if beginners choose the top coins to be the top choice, don't be greedy to increase thousands of percent, while we lack knowledge

The best thing is just to buy only the amount you can afford, it won't make any using the whole salary to buy bitcoin or higher amount of part of the salary when you have major responsibilities to carry out.  There is no doubt about it, it is not a bad idea to buy bitcoin in this recent price, but do not buy with an amount that will later be a distraction to your investment later. Go with the amount that is very sure that you can be able to hodl to make the investment profitable.

Everyman has some responsibility for their family. If you save a little of money, you will invest a few of you saving money. Because you see the price of btc will always not stable. Sometimes it’s pump and sometimes It's dump. If it increases rapidly, the you can not invest it. So, you invest slowly and smartly.

Yeah it is important to think twice before investing specially when you only have a very small amount of capital or you only have a limited money to invest, i never said that don't invest i only said that we need to be careful in investing in crypto it is risky and very unstable, we need to fulfill our responsibility first before others or before investing and invest only an amount that we can afford to loss for good.

If you believe in Bitcoin, it's good to apply DCA here and hold it until the bull run comes and then you feel when you want to sell it. Because saving Bitcoin for me is a very good way for you to get good savings in the future actually.

There are many people doing DCA and I don't see anything wrong with this method because you can do it no matter what crypto or fiat it is because it will give you an idea to have in the future.

I fully support this plan as I myself am buying bitcoin every month when I get my salary. 10-15% is not too bad, for me, I use up to 30% of my salary to invest in bitcoin. Depending on our income, we have a reasonable investment plan, we should not imitate anyone.

Although investing in bitcoin is risky, but I have high expectations for it, not merely as an additional asset. I am investing with money that I can lose, but I want to make a profit, and I am very confident in my choice and faith in bitcoin. I don't think bitcoin will let us down.

Investing slowly and smartly is a good phrase to use. Being slow you can choose the proper price to buy at and then selling it should be at a high price which you have determined. Smaller allocations of fiat for buying BTC every month or every two months is a good idea, although you have to be flexible about the time period because market is unpredictable, all of a sudden tomorrow morning we might see a sudden rise or fall, you have to have money at hand to face that or hold through it.

Time is the essence here and patience is necessary. Having a loan to pay back will only make the matter worse, hence trade responsibly and avoid taking loans for the same.

You can still invest if the increase is too quick. That's what the common people does and they're only investing when they see that the price is going up so fast.

But then, they don't like the slowly but surely way of investing thus, they're all missing the whole point of DCAing even if they don't want that to say, that's it.

People do underestimate the slow process of investing and are only enticed with quick and great gains but ignores the risk it bears.

If there is still extra money remaining from your salary, then you can start buying and storing bitcoin through DCA. Since you are not obliged to buy the whole bitcoin, then buying a portion of it from time to time will still be helpful because it will still be complete as a whole after months and years of buying. That way, you are likely to reduce its risks and the stress it brings once you enter into a volatile investment.

What you want to do is called dollar average buys and it's a very good strategy to use in market condition like the cryptocurency market that's very unstable. Don't stop because the market is unstable instead use this to your advantages by continuously buying. Since you're not in a rush to sell, then the price shoudn't bother you much because the price will be higher in future.

If you have money, then keep investing in Bitcoin and don't stop. Let the price now don't discourage you because in the future, you'll be the one benefiting and happy you took those steps towards buying more Bitcoin while others are been scared of the price not been able to recover.

DCA for long term strategy is so far the best way and only set aside an amount that you can afford to lose every month for Bitcoin. I started DCA last year. Most of them I bought ranging from $18k to $22k and in my early days it is around $30k to $31k, so kinda break even for the first ones and already made profit for the rest.

I also DCA a bit on Ethereum but sad to say I got hacked which I forgot to transfer them to my hardware wallet.

We’re not financial or investment advisors here. It should be on your own instincts whether you are willing to take the risks or not.

First of all you need to calculate your cost of living and how much money you have actually at your hand each month that you can spend freely. It makes no sense to buy bitcoins today only to be forced to sell them in two weeks again because you need to pay your bills. When it comes to investing we should be only taking money that we can afford to lose. The next step should be to start buying bitcoins when you are comfortable. In my opinion buying a fixed amount of BTC each month is the best approach, the so called Dollar Cost Average (DCA) strategy makes sure that we don't worry so much about the price today and will focus on getting a good average purchasing price over a longer period of time.

Just imagine if you invested first in bitcoin, how would you feed your family? So it's family only because investment is useless if both of you and your family are hungry, have no basic needs, and are struggling in life. It is better to settle your life first, and then if there are extras, that is the time for investment. Whether you buy bitcoin monthly or weekly, as long as you have already provided for your family and have extra money that can be spent, buying and holding it is a good choice. Just keep in mind that you should only invest what you can afford to lose.

Ignorance is not a laughing matter, and we have all been in your shoes with limited knowledge about Bitcoin. Fortunately, discussions like this can pave the way for progress of everyone here. If you have significant responsibilities, I suggest you prioritize taking care of your family bills before investing the remaining money into Bitcoin. By consistently investing a portion of your paycheck into Bitcoin using the dollar-cost averaging strategy, you can accumulate Bitcoin over time. When you look back, you'll be surprised by how much Bitcoin you've accumulated over the time.

In the stand of the bitcoin currently we are going into the halving for this upcoming year of 2024 and this is a good opportunity to grab on to create a good cash flow and make an investment with the price movement, for me its still ideal to make a hold and store for over a year and waiting for another ATH this can be a good chance to take profit, but if you really need those money short term trading can do so but it takes too much time and effort just to get with the price movement, still depends on the capability of the investor.

If someone thinks that stuff is funny then maybe they do something wrong. It's never a funny thing to do whatever you want with your Bitcoin, you can store half of your Bitcoin from your salary and then buy the rest of your salary for the needs of your family, that's pretty much a normal thing that human can do. Don't let down yourself, you've done a good thing to store some and buy the rest of your salary for your family.

There has never been a time that bitcoin price was stable and it is not going to be stable in the nearest future.
So, the best i can advice is to buy and store. Lucky part of your proposed idea is that you have another source of income. You can take a little from your salary and buy some bitcoin and hold it for a longer time for maximum profit.
Though nomata the advice you seek or get here, your investment decision is all yours to make.

If it is fixed income then obviously you should plan and execute your purchases. When we are on fixed payroll we know what’s incoming. Apart from that you can easily figure out expenses for your family. Divide your salary in three basic needs. One is daily expenses which shall include food, water, clothes and rents if any. These are fixed expenses which occurs every month to us. Secondly you can proceed to save up money for illness, insurance or medical stuff basically. Third one is chunk of your salary which should be something that you can use for whatever you want. Now this is where bitcoin comes. It’s up to you how much you are saving for this last chunk and how much you want to spend it on other stuff really. For some it could be mutual fund while others might be all into the bitcoin/crypto investments.

Prioritize your family's needs before investing. Of course it is a decision that I consider very wise for every investor. We may think too much about investing while we let some of our needs go unmet each month. If you can save 20% of your salary, then don't push yourself to save 50% for investments. I will still prioritize needs as the main thing before saving, but I will not forget about investment either.

So I hope this advice helps you in managing your finances, especially regarding investment plans and fulfillment of needs. Do not be forced, but just do it naturally however much you can save it.

It would never be stable since it's volatile but you could do an analysis when to enter the market before it continuously pump or much better when it's dump. Buy and HODL also has cons especially if you'll need money, there's no guarantee you'll profit or you might get liquidated by just holding Bitcoin. This is only applicable if you have extra money and does afford to risk the money you'll invest in Bitcoin. Holding for a long time isn't risky as Bitcoin changes it's value from time to time. Of course it's still up to you to go for the risk, still it's a good choice to own Bitcoin and still keep eye on the market. And I agree to your last statement "your money your calls".

Don't forget your obligations no matter what you decide to do. Savings are for future use, so if a need occurs and you are unable to take care of it, your savings are useless to you. Investment in bitcoin is a good alternative, but you should only purchase a small portion of it because you don't know what the future may hold for it and its price may rise more than you anticipate.

If you can afford to invest every month in bitcoin and save it for the long term, this could be a good investment strategy. However, it is important to understand that the price of bitcoin (and other cryptocurrencies) can change at any time, and you should be prepared for possible fluctuations.
If you are unsure if you can handle Bitcoin price volatility, you may want to consider a more conservative approach to investing. For example, you might consider investing in more traditional investment vehicles such as stocks or bonds, which tend to be less volatile, although they also don't guarantee returns.

When it comes to bitcoin, it will be a great advantage in the future if you can start buying and storing it now before it will hit its peak price later on and bring you massive profits. But it also depends on your financial capability. You cannot force yourself to buy a portion of bitcoin when your salary is just enough to cater the needs of your family, that is a very risky decision. Just buy when your finances are ready. For now, save first so you will have something to spend when the right time comes.

To be honest, I encourage you OP to begin with doing Dollar-cost smaller, it is one of the most effective methods to achieve crypto wealth. For further information, kindly check this  link  (https://www.gemini.com/cryptopedia/dollar-cost-average-crypto-invest[b).
In addition to that, we all have priorities and responsibilities however, family always comes first. It is certain that the current price of Bitcoin is affordable to purchase. In my opinion, you should find another income with less effort due to  you already have main job. The more sources of income, the more extra money to invest. That’s how you could be wealthy but in long term. Possibly, Bitcoin will take a long time to hit ATH again. According to my prediction, it will be achieved by the end of 2024 ( after 150 days of halving ).

The first thing and must be the main mindset when investing in Bitcoin or other types of investment is to use FREE MONEY, in the sense that it is money that is truly free and not used for the necessities of life for you and your family. it is money you can afford to loose if used. So when the price drops or suffers a loss, this won't be a big problem. but if you still need the money, especially for your family, my advice is to put your family's interests first and don't force it to invest. Don't make your family affected by your loss.

Invest on the amount which you can afford to lose as always when we do talk about crypto investment.If you are really that afraid about volatility then this place isnt for you because this had been the very normal

situation or simply put up as a basic principle on the time you would be engaging with crypto space or something like Bitcoin.Its price do always moves and this is also the reason that you would really be
able to make money or profits.If you do see that you do have some extra money to spare and buy some bitcoins monthly then its your choice to make.
We know on what its potential and if you do see that opportunity then it isnt bad to consider on making some holds of it for future or long years to come.

This buy and store of Bitcoin is really only a method if you believe it will be 100k$ more than its value in the coming bitcoin halving. Perhaps, what we should do is just have proper management in handling bitcoin profit here in the crypto space.

        And I also think that what others are saying is correct that we should allocate 10%-50% of what we earn in bitcoin or what we earn if you are an employee or have a business, or it just depends on each individual. For at least with this method we have something in hand at the right time when the value of bitcoin kicks up a lot in the market.

Since the price is still moving between $30,000 and $29,000, showed that hold and store for the price to increase higher will be favourable because there is a hope for those that grab the opportunity to purchased a huge amount of Bitcoin last year when the price of Bitcoin decreased to $17,000. I believe, another opportunity will definitely come next year 2024 where the price of Bitcoin will decrease to $16,000 for those that save enough money from their working place to buy and hold for the price to increase higher before they can sell to make a good profits.

household welfare should be a top priority for you before thinking about investing in bitcoin. Maintaining a stable balance between expenses and income is very important to ensure that you have enough money to meet your daily needs and also set aside money for savings, as it is important to pay attention to unexpected expenses or urgent needs that may arise in the future.

So, my advice is that once you have enough income to meet the basic needs of your family and still have money left to invest, then you can consider investing. then you can start considering investing in bitcoin. this must be done wisely and must not sacrifice the welfare of the family.

I think DCA is one of the best methods to collect Bitcoin gradually and regularly. Because this Method involves buying small amounts of Bitcoin regularly, for example every week or every month, with the same amount at the same time.

If the coin in your bag is still small then yes it is advisable to buy more but if you think it's already half or almost full, you can hodl it, wait for the bull and sell before restarting again. Your plan is called DCA. It was used by many long-term hodlers. We all have our own responsibilities in life but we must not forget to left something for our self.

I think there will always be residual money in your salary right after you divide them in your expenses. That is the amount that we will be using when investing. That shouldn't hurt you much. Bitcoin price will never have a direction. It will always move up and down but during the bull run, we will mostly see an increase and when there is a bear market, the price will mostly go down. Each movements can be use at our advantage.

Do you mean bitcoin will drop to $16k by 2024? What is the cause, and why do you think it will happen? I don't even think it can happen this year, the last bear year, let alone 2024. I really hope bitcoin can drop to $20k again, but I don't think that will happen with what's going on. We will no longer have a chance to see bitcoin at $16k, we will buy bitcoin at a higher price with each passing day. If you wait and don't buy bitcoin now, you will regret it even more in the future.

Bitcoin is always promising as it is. The more you reserve funds for bitcoin so you can buy and hold, the higher the chances you’ll reap huge amount of profits. However, with your current situation, you can actually save even a little amount after every payday, and then buy a portion of bitcoin whenever you can. Don’t be skeptical when it comes to bitcoin, just do your best so you can provide the needs of your family and also to sustain your bitcoin investment. No matter how small it is at first, once they are compounded, that will form a huge amount of bitcoin in the end. So never doubt what bitcoin can do for you in the future.

Bitcoin is already highly volatile in nature, that’s why it’s price is always not fixed, sometimes it goes up and sometimes the price drops sharply. But it’s never a hindrance for early bitcoin investors as due to high volatility, their investments value have grown so fast and make them instant millionaires. And it might be that history will still repeat itself. However, if you have tight budget this time OP, then you can invest whenever you can. After all, bitcoin’s value will most likely to ascend in the future, so as long as you have invested even a small number of bitcoin, you will still reap a good amount in the future.

If what your family needs is the main thing, my advice is to finish it first because if you insist and also where there is no more income from elsewhere, it is very possible that you will sell the bitcoins that you have bought every month at a loss because of selling them in a state of urgency.
Investing in Bitcoin is a good choice, but forcing it might make you regret it, and it would be better for you to also start increasing your income, so you have the ability to start investing in Bitcoin, but Bitcoin will always be good to buy and hold for long term unless something surprising happens so the opposite happens, but investing will always have risks in any form.

The plan you have is immediately a much better plan. Since you want to invest as savings then definitely invest for long term. A long term investment would be best for you. Instead of saving here and there, you will invest in bitcoins and you will see that you have been able to earn a lot of money from it. If you don't think it's the right time to invest now, you can wait a little. Maybe the market may go down in a few days. And for long term investment you should definitely invest in Bitcoin. Also it would be better for you not to invest in any other coin.

Forcing to start investing with a large amount and not in accordance with income will only be a time bomb that will eventually explode and make everything futile.
Long-term investment in Bitcoin is indeed a good suggestion, but it can be adjusted to everyone's financial situation.

All investments definitely have risks including Bitcoin investments which have a greater risk of loss if there is no good strategy.
In addition, doing financial management will be a good way, so that the money to be invested is really not used for other purposes and there are some reserves to buy when the market price is crashing or there is some FUD that makes the market unstable.

many investors specially a small time investors is always thinking about it or about what they are going to do with a small capital and the responsibilities for the needs of the family, all i can say is that choice to buy you're family needs before investing in crypto, because crypto is risky and not all of the investors earn sometimes they will also loss but it doesn't really matter if they loss because they are rich they have many money, but for us who are small investors it is a big loss.

Hey OP you seem like a very thoughtful person.
And by now I think you should have gotten the answer to your question. But just to highlight the main points in case you missed it.
- Your financial responsibility towards your family comes first and must be attended to. Sort out 90% of your financial obligations and have some emergency savings in place. After which you can use the extra, which would ultimately be the money you can afford to lose to invest in bitcoin.

- The dollar-cost averaging method is perfect strategy for you since you are also concerned about the price volatility. The remainder after you have kept some money in your emergency savings could serve as the fixed amount you can invest in bitcoin at regular intervals irrespective of the price change.

 

As some others already mentioned, DCA! "Dollar-cost averaging is the practice of systematically investing equal amounts of money at regular intervals, regardless of the price of a security." It's for people who believe in something, in this case, Bitcoin or other cryptocurrencies of your choice. I think that people with this approach didn't regret their decision, the price of many cryptocurrencies is a lot higher than 5+ years ago. And many of us here expect further growth, it's risky but I would say we have good reasons to believe in crypto.


Since many people can't afford big investments, investing little by little whenever we can is probably the best thing to do. So I am for buying and storing more.

The beauty of bitcoin investment is you can start with any amount of money. If you really want to invest in it and have done your research on how in long run it could give you a good return profit, then when you have fulfilled the other needs, you can put the remaining amount into your investment. Do not look at the short gain. It may not be according to your expectation. But in the long run, it may surprise you.
Also if you are somewhat doubting and don't have the mindset to hodl for that long. Then you should be better off without it. It's your personal choice. And as there isn't any rule when and how much you should invest in it, you can choose what suites you the best. Keeping that in mind, I suggest you do your own research and come up with your own plan.

I agree, having your family in a good shape and living a better life is the most important thing in a mans life, well probably woman too but I wouldn't know. So, it is important that if they live a good life then you did your job well.

However, if you push them for just a bit worse life for 5-10 years, so they can have an amazing 50+ years, that is not a bad decision neither. If they live a terrible life then I agree do not put them in that position, no need to have a terrible life, but instead of great they have a decent life, instead of amazing they get an ok life, that's fine, because in return they would have 50+ amazing years because you invested that difference into bitcoin and got rich from it. That is also your responsibility to make that decision.

Investing in Bitcoin has the potential for big profits in the future especially if you apply DCA, but keep in mind that investing in Bitcoin also has risks that sometimes we have to save for a long time to wait for the bitcoin price to rise.

Therefore I think before deciding to buy Bitcoin, it is very important for you to make a decision to buy Bitcoin based on your financial/salary capabilities. You have to make sure that you have enough funds to buy Bitcoins without risking more important financial needs and obligations like family, bills and so on. If you feel that you are ready to invest in Bitcoin, then bitcoin can indeed be a great boon in the future if you buy and hold it now before its peak price reaches a later high.

However, if your finances are just barely enough for family needs, not for bitcoin investment. In this case, save your money first and consider buying Bitcoin. If your finances are ready and the risk has been carefully considered, then you buy Bitcoin because I think it is a wise choice.

What is the use of having money when you have financial troubles at home and you're getting money but you can't give it to your family? I believe that if you're going to utilize your paycheck to invest in bitcoin, how will you meet your family's needs?I believe you should resolve your family issues before investing in bitcoin. There is still time for you to invest, but it is not imperative that you do so right now. Furthermore, since you have hodled some coins, you will be financially solid and able to meet your family's needs before purchasing more bitcoin for hodling. Though your strategy is really wonderful and intriguing, and everyone would like to do it if they believe in bitcoin investing, but how will you deal with your family's needs.

If you plan on buying bitcoin every month from your paycheck on a regular basis, then this could be a good strategy to invest in the long term. It can also help you reduce the impact of price fluctuations on your portfolio as you will be buying bitcoins at different prices over time. Also, if you plan to store your bitcoins for the long term, then it is important to ensure reliable storage. Some bitcoin holders use hardware wallets to store their cryptocurrencies, as it provides a higher level of security than storage on exchanges. Overall, investing in bitcoin can be an interesting strategy for long-term investors, but you need to understand the risks and take precautions to protect your investment.

Before investing we have to keep in mind that everyone not only invests a lot of money but also loses a lot of money.  That is, investing has a chance of earning money and investing has a chance of losing money. So before investing you must know the various restrictions related to investment and then invest.

What you said that the market may fall again in a few days, I would like to turn this word around, by fall we mean the end, but there is no such situation that Bitcoin will end. But long-term investment plans should always focus on Bitcoin.  Because Bitcoin is one of the most trusted ways to invest.

Just spend a few percent of your salary to buy Bitcoin, it's not a problem as long as your family didn't get the negative effect of what you do. Buying Bitcoin every month just like you're doing DCA strategy which is very good to do against the volatility of the Bitcoin market.

I do, I mean it is something that I always loved and I believe that if I had more money than I would still only invest into more bitcoins. I would never buy stocks, gold ,other fiats, anything, only thing I would ever invest my money into would have been bitcoin and I think that would be a great thing. I know not many people feel the same way and they want to diversify their portfolio, but to me bitcoin is the only thing.

I could be making a million dollars per month and I would still not consider anything else, spend what I spend and rest will go straight to bitcoin. Which is why I would say advising others to keep buying more and holding is something I do constantly, probably once per day here every single day for years now.

Agreed, it is a great strategy as long as you are capable of doing it without compromising the most important and essential allocation of your salary. We should always put importance first with what is needed. I also agree that you can try to allocate small, fixed percentage to invest on bitcoin, so it won't really affect your other financial responsibilities. This could be a great investment for you to hold so that you can have some profit in the long term since bitcoin has been proven to have a great potential based on its past movements.

It’s better you take care of your family responsibilities first, i believe that’s also a great investment, you can’t be investing in bitcoin when you are having other challenges that you need money to solve, just take care of family responsibilities you are having now, if you can’t invest now, then you can invest later no late comer in bitcoin investment, and you don’t have to starve yourself because you want to invest.
Since bear market started, whenever am investing in bitcoin, I don’t care about what people say either bitcoin will dump or pump, whenever am having money I will just buy at the current market price, since my intention is to hold for long term, I don’t care about the market movement. Since you are also planning to hold for long term I believe it’s not bad if you can be buying it at current market price every month, don’t be surprised you might not see bitcoin price again at the price you are expecting it.

As long as you own or hold bitcoin for the long term everything will be fine and will always be profitable, and if you want to buy every month for a fraction of your salary it is a very good option as long as the price of bitcoin is affordable for you to buy it in small amount.
but you also have to prioritize your needs and provide spare money for your family and buying bitcoins must be within your means even in small amounts and always use money that you can afford to lose and don't force it if it's not enough, but you will also add or buy more when You earn unexpected money. Because whatever you do to the best of your ability and as long as you own bitcoins and keep them for the long term, bitcoins will always be profitable and your effort and patience in doing so will pay off with happiness in the future.

It is unsurprising that DCA is a good and straightforward investment technique. Even though many people claim that this is their finest strategy, it is better to improve on it. Your assets are safe with this method of investing, but you won't make much money because it is just based on time intervals. So, if you know how to assess the market, apply it to your DCA; this way, you will make a large ROI and will be able to attain your ideal profit in a short period of time.

That is exactly what I do and so far it has been working out great for me without a doubt. Too many people worry about what's going on but the reality is that if you keep making a profit like that and if you keep it going then eventually you are going to end up with a great return. Just keep on putting a small part of your salary into bitcoin, even if it is only 50 bucks, which is a very small amount, that is still better than zero.

And in 10 years you would have invested 6 thousand dollars, that is just what you have invested, imagine the increase in the bitcoin price by that time, I imagine that would be somewhere along the lines of above 50k, close to 100k. That is a lot of money for everyone in the world aside from a few rich person. So keep doing it no matter what.

First, you don't need to spend all your entire monthly earnings on purchasing Bitcoin since that will be too risky for you to do and also you should try as much as possible to invest only the amount you can afford to lose into Bitcoin this is so because there is no certainty with bitcoin price and with that anything can happen that will affect your entire portfolio for a long time before the market pick again, but if you have some change that you can afford to put aside for a while, bitcoin then become the best choice in doing that since its price is stable and has long term potential to yield interest.
Aside from investing your spare money into Bitcoin any other form of investment that involves you taking a financial risk will not be advisable.

The best time to invest is when the market is in a bear market. There was a time when the market grew a lot but we all know that crypto markets never stay the same. Always the market is prone to fluctuations and it would be wisest to invest by understanding the market position at the moment. I think the market position is good for investment now. So I recommend you to invest in Bitcoin right now. And when you see the market bull market then you will sell.

Buy and store and keep it coming. Soon, you will find yourself in a good position. IMO, that's the best way of investing for now and it's the safest route.
Maybe you just lack faith in Bitcoin for now because you have not been to a time when it was super cheap. Many of us do regret selling our Bitcoin early because we also lack faith. We didn't know it could go this far and we just kept on selling our Bitcoin whenever there was a chance.
Now all I can do is get over it, try to correct the mistakes, accumulate Bitcoin, buy it if there's a chance then keep it in a safer place. It's also best if the place you are storing it is somewhere you cannot access as quick as you could, just to avoid panic selling.

Don't just buy and get position without creating a solid plan because you'll most likely create a mistake that can give you losses instead of profits. Those who are not prepared are usually the one who keep losing their money in the market, they are not prepared because they ignore creating a plan and they just buying and selling without any conviction. We should avoid it especially if we want to level up and be on the next level, those successful traders and investors have always plan before they buy or they sell assets. Mistakes are made because of lack of plan and it is considerd as factor why it is hard to make consistent profit.

There is no wrong if we keep buying and I actually advice, what I'm against is buying without a prior plan because we should be aware that the market is so volatile and there is always uncertainty around so we are not fully sure if the price will pump and dump. In order to not lose huge amount of money, we should have plan that we can follow when the market reacted against to what we expected.

To make money, it involves you taking risk, but the good news is that the risk of loosing your money in bitcoin is pretty low, so I don't see why or what you are skeptical about.
Bitcoin has indeed Increased in price, and if you say the price has no direction, I disagree with you, the price has been goin up since the past one month and a half now, and even with this, I still think it's still a good time to buy, knowing that bitcoin halving is coming next (2024), and as it has been in previous halving, there is always a bull season that follows, if the same should happen next year, those who are buying right now, will make good profit, most especially if bitcoin records a new all time high, higher than the previous one.

All of us regret it but on the 2nd though if you haven't sold it for sure you arent able to purchase those things before so still it is a good move for us, even my self if i haven't sell it of for sure i would be a millionaire but again i don't regret selling it off as I've enjoyed it and I've experience what is life, also we hold right now as for sure we learned before that selling it is not a good idea so that we can achieve what we want in bitcoin

I don’t think it’s always best to invest “only” during the bear market. Bitcoins are very very rare. They are limited in numbers. Moreover the demand to hold the Bitcoins among the people is increasing day by day. So from this we can conclude the craziness for Bitcoins. So I would suggest to buy whenever possible , how much possible just buy. As after some moment there will be a time where buying the Bitcoins will have lot of craze and you have these Bitcoins in your wallet. Bitcoins are for long term investment so yes whenever possible accumulate as many Bitcoins as you can irrespective of the market conditions.

To everyone that I can advise to buy bitcoin and that they keep it is the best thing, it is to do good, I consider that it is one of the things that one as a good friend is to tell that Person that you want him to do well that he buys bitcoin, I recommended it to all my friends, I Really don't know if they did it or not, but I'm sure that when btc Reaches more than $400k they won't believe it, I do think it will reach more than that,but it's a number round under which a Respectable comparison of what bitcoin can become could be made.

yes exactly fulfilment of family needs should be kept first and then save money because family is always the first priority. As you save money but your family get deprived of health then you will always regret this thing so I have an idea that you should save some amount for longer time may be it takes lots of time but will be in advantage for you. Buying for one time is also a good idea and i think that if a person can afford then regularly saving money in Bitcoin will be the ever successful start  but if a person cannot afford putting money on regular basis then putting just once in a single year is the best formula.

^I like your perception, family first before anything else and invest only what you can afford to lose.
Saving money is very important, but not at the cost of our loved ones' health and well-being. Your idea of saving a portion of our income for a longer period of time is a wise decision that can benefit us in the long run. Investing in a reliable asset like BTC can also be a good option for those who can afford it, it is proven that has had a return in recent years.
However, it is important to remember that any investment comes with risks, and it is always a good idea to do your research before making any financial decisions. So investing BTC in a DCA way would be the best move that you will never forget once you get a profit on it.

I agree that our families should come first, but we should also think about the value of investing in cryptocurrencies when it comes to our future financial freedom, especially if we have selected a coin with potential like Bitcoin. Only investing the money we can afford to lose is crucial, but we also need to allocate a portion of our income to buy Bitcoin in order to be well-prepared for the approaching bullish season, from which we will still profit. I'm sure that it is a challenging thing to focus on investment but it will be our foundation for a profitable life in the future so we must see its value.

Very much agree with you that we consider settling our family challenges first before investment. But to be sincere ,sometimes when you only look at the family challenges that we are faced with, one would find it difficult saving money and to the extent of even making any investment, since the op have interest in owing some portion of Bitcoin and in reality Bitcoin investment is a nice opportunity for everyone who wants to invest, the op could squeeze out 1 percent out of his salary for the investment and still go ahead settling his challenges, with this method he will not feel bad missing out entirly the opportunity to invest in Bitcoin.

This comes from the fact that most people do not really know how to trade or do anything. I personally do not feel comfortable with trading with all of my money, which is why it is not an easy task for me to trust it that way and use it all on trading. This is not about what I prefer, this is about what I can make money the bedt. I can buy and store and make a huge amount of profit whereas someone may trade and make more than that, or I can start trading as well and lose a lot of money. So pick whatever works for you the best should be the thing you do, it will allow you to profit the best. Obviously there are some situations that makes it harder but I can guarantee you that if you know what you are doing, even on tough bear periods, holding can still become profitable.

I agree that buying Bitcoin isn't always in the bearish season (bear market). But during the bearish season, the price drops significantly, so we can have a chance to buy at the cheapest price ever. Since we buy at the dip (cheapest price), it is safe for us to hold for a long time (until the bullrun season). I can't imagine if we buy in the bullrun season, then we failed to sell it during the bullrun period. As the result, the price continues to drop because it is toward the bearish season. So, it is untrue that we can buy 'whenever', even if it is possible but don't hold it for the long term.

This is a good plan. Keep buying and storing BTCs in whatever quantity you can afford. Consider it as a means of saving, not making money, so don’t pay attention to the price.

This is only a good method if you're aiming for long term, if you put your money that you'll be needing soon then it's not a good choice to buy BTC. Cause if you want to a quick flip that you could profit instant then buy and store is not recommendable.

I think if you are saving and getting an opportunity to buy Bitcoin or any other crypto currency, you should take advantage of this current opportunity. The market is not yet headed for a bull run. Here the investment  can give you very good returns in future .There is very little chance that the market will go down again from here And you will get an opportunity to buy at a lower price.so buy here if you have mony.

Calculating from the point that we are right now, basically the price of ($30k) to the previous all time highs ATH $69k, we still have more rooms to the up side, plus if the price makes New ATH, makes reasonable sense if we consider further accumulation and storing of Bitcoin as the journey is yet to begin taking a look at what has happened in the previous cycles, I do think that good opportunity is present right in our front to grab.

What most of the community in this business industry often does is to apply DCA, this method is very effective, even if you save little by little, you often don't realize that your savings are increasing, at the beginning you don't it will be felt but eventually over time you will notice that you have saved a lot.

      Then there are many ways to do this thing too, as long as you have extra money buy it right away, it's no different from saving money starting with just coins of course it's the same with Bitcoin even if it's just a few sats it also grows we don't realize it.

At this current bitcoin price of only $30k, there is no reason why I would stop my monthly DCA. My next plan is on the 11th, hopefully, the price will be down a little by then. The price of bitcoin is not even half of its previous ATH. I doubt bitcoin reaches $60k this year and so I guess my DCA will continue throughout the year or maybe even until next year.

This is just a rare opportunity for us. Bitcoin halving only happens every 4 years and that is long enough to wait for the next one. Besides, bitcoin's growth when it stays consistent at the trillion dollar market cap might become slower compared to today and the past years.

Never stop buying as long as the price is a good buy, and through DCA you can maximize your purchase with bitcoin without forcing yourself to buy them all in. However, the final decision is still up to you, if you think bitcoin will be more valuable in the future and will be more capable to make you profitable, then always take advantage of buying it today but only buy whenever you have spare money from your salary.

You are right. Keep buying Bitcoin any time and never caring about the price are okay for long-term investment, but it is not an effective way for a shot term investment or trading. Not each person buys Bitcoin for a long-term holding, some people just buy Bitcoin for short holding or even trade Bitcoin weekly or monthly. Also, if we can analyze the right time to buy Bitcoin, why we must buy at any time? Not every time is a good time to buy, just buy whenever the Bitcoin price goes to the dip (low price). We must optimize the chance to earn higher profits, don't buy carelessly.

You are right, but then, how exactly does one know when the price of bitcoin is at its deepest deep?, this is an important question that I believe have no definite answer, simply because, the only time we can be sure that the price of bitcoin or any other crypto coin is at their deepest deep is when the price is at $0, which is realistically not possible for bitcoin, and any other major coin that is already being traded in the open market.

What I would say here is, just buy when ever you feel the price is OK for your, cus price of bitcoin is most of the time not stable, the price could be going down, and you wait for it to go down the more, only for it to start pumping up in the next minute, this has happened to me on several occasions I wanted to buy bitcoin but was looking for the bottom price.

When it comes to bitcoin and a peona who asks me for her advice, my respect will always be to tell her to buy bitcoin and save as much as you can, that every time you have it, do it so that you can keep saving, and why is this? because it is much easier to do it this way Because when the price of bitcoin grows you can obtain great benefits, that is what you are looking for, in fact I like when people do well, and they can have profits, and if I can do something for them to do well I don't Doubt it, whoever it is, that's why whoever can buy bitcoin and save who always does it.

It's not really a bad decision to buy Bitcoin now and store it, depending on the duration you choose to hold it for. Since you are working and want to invest in Bitcoin monthly, you can make a budget from your monthly earnings, and once you have some money left, you can invest in Bitcoin. But also don't forget that it's always necessary to keep some fiat so that, during some emergencies, you don't need to sell off your bitcoin so quickly. Sometimes emergencies do arise, and if selling your Bitcoin is the only option left, you might not really be in a good position to sell, and sometimes you may be selling at a loss.

Let's say you receive $400 every month for your salary, you can decide to invest $20–$50 into Bitcoin investment. Just do it in such a way that it doesn't affect you.

One word I did pick though was the word 'hopefully'. That's the closest we could get to a prediction on the bitcoin market. The volatile nature of it is something you just can't get any close to predicting and as such, waiting on a time to buy would be an idea not to patronise if you ask me.

Using DCA to guide your investment would be a better option as, it pays less attention to the prevailing market condition but instead, you get to define your intent in respect to the duration behind all your buys.

What remains of the more importance is that, your portfolio keeps increasing and at the time, the ATH is not even half way through.

I don't think, is advisable for traders to buy and store coins in this season because many coins are showing some signs of bullish in the market which before the end of this month bullish season will start for both long term traders and short term traders to start releasing their coins for sale. Since the price of Bitcoin has maintain the $29,000 in this month of may, I believe this is the time to hold strong and watch the market very well because bullish season is very close to those that invested in the past. And if the price of Bitcoin hit $30,000 any moment from now, many traders will start selling because that is the lowest the price will reach before potential traders will start trading their coins to make a good profits.

That part, you must not find if funny but a chance in earning , let those Stupid people call you that because they will regret this soon.
and also , buying monthly is for me is a perfect strategy to forget about the specific price of buying instead just close your eyes and buy.
as long as you are willing to keep them holding for longer term?
go with it mate.

In this case, you should not rush to invest, if you can save only $ 50 per month, then the best solution is to accumulate a reserve in fiat so that it becomes your support in case of need and you would not have to think about what you have to sell bitcoin at a loss if you need money.

When there is enough money only for the most necessary things, then it is worth thinking not about investments, but about creating comfort and trying to increase your income, otherwise nothing will change. And when finances allow you to create a reserve, then you can think about further investments.

Don't force yourself to make an investment if your financial capacity is insufficient. Other responsibilities such as family is a top priority that must be met.
Forcing to invest beyond one's means is an act that does not need to be done and does not exist in the concept of investors.

Basically people who invest in Bitcoin in the long term are not all in a good situation. They only carry out the management of financial management that has been made.

In my opinion, people who invest in Bitcoin only do it on the basis of ability by implementing strategies such as the DCA method.
If you are able to set aside a small amount of your monthly salary to buy, think of it as future savings, then you will be the same as most other investors that you consider them to be in sufficient financial condition.

You can divide your salary amount into several parts. One part you will spend on your family one part you will spend on other expenses and one part you will keep in your savings account and another part you will invest in bitcoins. I don't know your salary amount but if you can plan like this it will be good for you. 

Investing in Bitcoin for the Long Term If you ever need money, you will spend that money from your savings account but never sell your Bitcoin investment. Holding this investment for a long period of time and increasing the investment amount every month will at some point see you reaping good returns on your investment.

DCA is the best strategy to use now since the market is very unstable, if you buy everything now you might regret when the opportunity to buy at a very lower price comes. If Bitcoin can't hold through this corrections then we might be going lower and my prediction will be Bitcoin could fall as low as $28k if the correction is worse, as I believe that's where the support is very strong.

We can't see $60k this year since we're still in the bear market. Maybe we can see that price during the halving year which is 2024 or in the bull market that'll be happening in 2025 if we're looking at history. We shouldn't be expecting a new all time high soon or we'll be disappointed as it won't be this year.

If you are buying a worthy coin which has strong value, then definitely yes. If you are focusing on buying a coin which is limited amount in supply, suppose let’s say Bitcoins, then definitely you should accumulate as many coins as you can, as these coins will be very rare. A time will come, when the price will just sky rocket, all due to the increase in demand among the people to acquire more Bitcoins. Hence yes, it’s better to buy these coins whenever possible you can. The quantity doesn’t matter, just buy the quantity that fits in your budget.

there are still many who run investments the way you do. especially those who consistently aim to increase the number of assets consistently. and of course it has limitations from capital that is not large or even tends to be small. but those with large capital usually buy Bitcoin when they see an opportunity to buy with more.
many people are successful in Bitcoin investment, and they have their extraordinary way. but of course all investments and trades require good self-discipline in their management. otherwise they will never get the expected success.

No problem of course you can invest, by managing a DCA in your profile you can upload as much as you can from salary and hold it regularly for long term. If you continue investing for the long term without stressing about the fluctuations in the price of Bitcoin, when Bitcoin touches its all-time high during a bull run or halving, you can convert profits according to your strategy. And at the end of the day these small investments will come out with big scope.

I love the part where you said don't force yourself to buy because some people feel they must invest in Bitcoin by force even if they are not financially stable. Instead of them focusing on how to feed themselves, they are thinking of investing in Bitcoin, which is not appropriate. That's the amazing aspect of it all once the price is down, is one good opportunity to buy as you said, and if you have already, you can top up the storage. Furthermore, I won't advise you to invest in Bitcoin if you have any obligations. before investing you should consider financial stability before buying and end up rushing to sell.

Well I want to correct the impression  that no one actually has enough of bitcoin  to even  think your post is funny more over there is a saying that, money never satisfies human desire.
Well I don't know how much you earn or how much of responsibilities  are on you but I will advice that no matter how difficult  it might seem, you sboukd atkeast try as much as possible  to invest as much often as you can especially  since you intend hodling  for long term and if in to be specific,  I will advise that you try to buy upto 10% of your monthly  salary as there are greater possibilities of making profit and than loss since you intend hodling but I should also remind you that nothing is guaranteed  in cryptocurrency due to its volatile  nature which bitcoin  isn't exempted.

If 10% of your monthly  income isn't so much for you and you can afford those it, then investing in buying and hodling of bitcoin  monthly  wouldn't be a bad idea and you might recoup sooner than you ever expected.

After maintaining your basic need and maintain your family you can save money and that you can buy Bitcoin every month. Now Bitcoin price is very low you can But Bitcoin and store it for long time. I think it will give you best return from others investment. I also buy some bitcoin every month from my earning.  And i am doind DCA. I think within this year Bitcoin price will hit New ATH.
So sitll i advice you for Buy Bitcoin every month and store it. It will give you big profit in future there has no doubt.

Everyone invests according to their financial position, if you have half of it, there is nothing wrong with it. If you have already invested in Bitcoin and you can put some of your salary every month to invest more in Bitcoin then it will prove to be a very good idea for you, because you must have heard this proverb that a river is made from a drop. So keep trying to get Bitcoin bit by bit. You will also find people who have less than you but they are satisfied with investment and you should also follow the same.

As far as selling Bitcoin, in my opinion you should hold Bitcoin. The price is low right now. This is not right time  to sell Bitcoin, but rather to try and buy more Bitcoin if you can afford them. There are chances of the price going down further if you find Bitcoin at a lower price then you must take Bitcoin and store it for future.

You need to also consider the fact that some people are recklessly investing their hard earned money in bitcoin without regards to their other daily expenses, remember that the pump won't happen anytime soon so take the time to accumulate your bitcoins.

Those who act in crypto trading and investment, need courage and a good understanding of the current market situation, where we know the crypto market is currently unstable, I want to say the bear market is not brave, on the contrary, I want to say the bull market is also not brave, the belief is to do everything the best method at the moment, if you want to do it.

Many Bitcoin experts say now is the right time to buy and not a few say now is the time to stop buying, these two understandings make many Bitcoin users in general hesitate, buy it or not, that's the main factor that makes what else confusing for small users.

However, if you ask me personally, I can only say buy and store, but you need additional information for that from a reputable Bitcoin expert, so you don't get caught in a big loss.

You have to do what benefits you because if you wait for a stable price period, I think you might miss the bus since you can agree with me that Bitcoin price is unstable due to some factors which makes for volatility.
Like others have advised, it's best if you start buying and storing with an amount you can easily afford to part with since at the end of the day, you'd be the one benefitting.

The step you have taken is really awesome, it is admirable to buy Bitcoin with some money from your job salary. as you need special money to meet various essential needs of your family. In that case it is very difficult to save and invest your money so keep saving some of your earnings. and gradually try to invest with that saved money when your amount of money goes to an investable position. You must invest from the market so that your money is not at risk later on. In that case you need to notice when the Bitcoin market goes down so you buy it and hold the Bitcoin as your asset for the future.

Your savings will depend on your household expenses. You didn't mention how much you get paid. If you have a strong desire to invest then I would suggest you to invest atleast $20-$50 per month. Also if you have already invested then you can hold on to this market volatility. Because now is the right time to invest. A lot of people are buying bitcoins and investing for a long time during this period. So, I would like to tell you that if you have money, invest it in Bitcoin for the long term rather than saving it elsewhere. As a result you will get 100x more profit than other savings at one time.

As you said you have other responsibilities in your family so I suggest to buy if you have an extra money.
You can buy and store it if you want the most important is use first your money to your family and if have extra buy Bitcoin little by little.

Investing must use money that is specially prepared for investment. This means that it is not the money that should be for our daily needs. And you are right that many invest hastily without thinking about the risks they are taking. And actually investing in Bitcoin will be much better for the long term. So that the money that is included in the investment really has to be money that is indeed very cold and ready if you have to lose.
So if we only have money for our daily needs, I would suggest prioritizing using money to buy our daily needs. if there is still leftover then we can use it for investment.

What i suggest as we do have the same situation as I've also need to feed my family and provide their needs , prioritize your needs and your family first and if you have extra that is the time you'll invest into bitcoin and hold it until few years because we don't know what is the price of it in the future lets just jump in to the train before we missed it. As long as you already provided that needs of your family then it is okay now to invest so never put your investment first before the family as you will sure caught off short in your budget

Since you are interested in investing in Bitcoin, you should keep a close eye on the market. The company you work for may make it difficult to run your family expenses with the money. So here's what you'll do if you don't have the money to invest in Bitcoin in the first place. Keep a small amount of money saved from your monthly income from your salary. And later when the amount of money increases a little you will practice the bitcoin market when it is down. Later on you will invest in bitcoins according to the market but you will not be afraid of losing money in the future. And thus you can increase your source of income by investing in Bitcoin but you must acquire enough knowledge.

If your family has any savings left after the monthly expenses, then of course you can invest in Bitcoin. But you must keep in mind that it does not affect your family's morals.Long term bitcoin investment gives good returns. If your investment has family risk then definitely avoid.  Since there are risks in cryptocurrencies, you must invest with a risk tolerance.  Since you have to run the household expenses, you start investing small amount.You can invest in any way, invest in the way that gives you good profit.Try holding Bitcoin for a few years without selling it.

Do what your analysis says. It is critical time in the Bitcoin market so financial advise is at your own discretion. I will advise you study the market closely and draw your observation based on your own analysis. The market is very cruel at this point. If one say buy and the market starts dropping it might stair fear and doubt, But with your own analysis it will be much better to state the obvious on when to buy and when to sell and how long to hold.

If we really have an interest in investing in crypto, we don't need to ask for advice anymore but have to make a decision on what we think is right for us. Because even if we say to OP that he should not waste this opportunity while the price is a little low, after all, it was still his decision to follow, not us.

- the good advice is to spend more time analyzing the market and make a decision based on what he understands, rather than relying on others to do it.

If you have the ability to afford to buy bitcoins every month and store them for the long term, this could be a good solution. However, it is worth considering the volatility of Bitcoin prices.
Buying and holding bitcoins has its own benefits. In the long run, the price of bitcoin can increase, allowing you to make a profit. However, it is worth remembering that bitcoin is a volatile asset and prices can fluctuate. It is important to be prepared for possible changes in price and have enough patience and confidence in your decision.
If you are hesitant due to your family responsibilities and not sure if you can allocate money to buy bitcoins every month, it might be worth re-evaluating your financial priorities. Be sure to discuss this plan with family members and make sure you are making an informed financial decision based on your situation.
In the end, deciding whether or not to hold bitcoins due to price volatility depends on your financial capacity, risk tolerance, and long-term goals. Be prudent, study the market and make decisions based on your personal circumstances and goals.

Everyone invests according to their financial position, if you have half of it, there is nothing wrong with it. If you have already invested in Bitcoin and you can put some of your salary every month to invest more in Bitcoin then it will prove to be a very good idea for you, because you must have heard this proverb that a river is made from a drop. So keep trying to get Bitcoin bit by bit. You will also find people who have less than you.

As far as selling Bitcoin, in my opinion you should hold Bitcoin. The price is low right now. This is not a place to sell Bitcoin, but rather to try and buy more Bitcoin if you can afford them. There are chances of the price going down further if you find Bitcoin at a lower price then you must take Bitcoin and store it for future.

I agree with this, even though we get input from other people about what to do, we still have to go back to doing the analysis and not swallow what other people say. The reason is usually if we do it without doing a re-analysis of regret there must be, yes that's what I feel and regret having listened to other people. When we do it ourselves, at least if it's wrong but it comes from ourselves not other people. And with that we can know what mistakes we have made and we can learn from there and can improve our analysis again.

DCA will always be the best option. Why bother to stop when you see and believe that there is great future of bitcoin especially that halving is fast approaching. Also, even if your income is just fixed, that won’t hinder you from storing more of bitcoin in your portfolio. They say if there’s a will, there’s a way. You only have to set your expenses stick to your budget, and as much as possible, even DCAing should also be in your budget list too.

Speaking of pump, Bitcoin is not like every other altcoin that gets pumped and dumped; Bitcoin is a seasonal coin that follows the trend of bear season and bull season, and that's because during the bear market there is much opportunity to buy low, and during the bull season, the person can sell and make profit if they only want to sell then.

There is this idealism I have that "if you wait so long, you will sell at your desired price." So probably, if one has the intention to sell their Bitcoin at $100k, if they wait patiently, they might see it at $100k one day.

other people's suggestions are only as a reference and of course we determine the path we will take. many people are panicked by the issues that are circulating and in the end they regret that they are not confident about the analysis. therefore even though the market is down we have to look for areas to buy, it's the same as me until now I think if the price is still below $ 30k, then I will look for opportunities to invest, and placing orders in the support area will be my framework

Without a doubt I want to buy more and will continue in doing so. I actually do a monthly DCA on bitcoin and some altcoins and I already bought some for this month but it is indeed tempting to buy more for this month due to its current price which is still down and haven't recovered back to $30k. I think bitcoin is coming back to $30k next month.

By the way OP, you are in a trading board just in case you meant to hold long term. Anyways, if you are trader it's also good to buy especially bitcoin and then maybe sell it in the next upward swing, say $30k.

I also like DCA but not monthly like you, I buy whenever I have money to invest. But I'm not too bothered about the bitcoin price in the short term, especially during the bear season. I mean as long as its price stays below ATH, I will still buy without thinking.

As you said, what will you do if the bitcoin price crosses $30k next month? Will you stop buying? Because I think $30k is still a low price and profitable if your target is next bull season, or it will be $100k, as many are waiting.

You should think about yourself that in which situations you will be able to take profit. Sometimes profit depends on the interest of individuals that in which way he shoes his interests. First of all it is important to take care of your family so whenever you feel that now you have some extra amount which you don't have need to be use for the welfare of your family so that amount you can easily utilize for your investment purpose. I think everyone should have their own planning according to which he should take a step so by following this planning going towards success is not a hard task.

What you are doing by doing DCA on Bitcoin is the right move. Because however at this time we are still in the accumulation zone. But with some of the bad things that are currently happening to some exchanges that have announced they will stop operating like for example Hotbit. It may have little impact on further bitcoin price declines. So I personally also think about preparing more money to buy more when the correction occurs again. I combine DCA and Average Down in my accumulation mode in bitcoins. This at least keeps me from losing the moment to buy when at any time Bitcoin experiences a sudden correction. Because with Average Down I have placed several entries at each support level which might be missed every time bitcoin experiences a correction. Sometimes Bitcoin corrections always take place quickly so preparing an entry buy early can prevent us from losing the moment.

But for Altcoins I don't buy too much. Mostly I only buy when the correction and sell when the price rises again. or it can be said that I only use Altcoins with strong fundamentals as a medium-term investment tool. As for altcoins that are hype. I just follow the trend with sentimental analysis of the market. And make it a quick trade. enter during the hype and exit during the peak of the hype.

You mean you DCA on altcoins or just Bitcoin, perhaps? I don't really think it's done on altcoins because a lot of those coins are cheap and do not have any significant price volatility over time. Some of those tokens or coins can be stagnant at the same price for a very long period of time, and if there are any changes, it's just little by little. For example, a token at $0.005 can be reduced to $0.0045 or increased to $0.0069. Bitcoin movement is at times so quick, both when it spikes and when it dips, and that's why the DCA strategy implies that one should buy at different low prices to maximize profit.

If you're talking about bitcoin inves, it's something that should be held on to, either you want to trade or you're interested in holding it, the overall aim of them all is to make profit, since when you hold fiat for a long time gets affected by inflation and the value as well drops while the institutions holding our money also make charges on them without asking from your permission, everyone will hodl bitcoin till they needs to sell, we may encounter beyond $30,000 this month or beyond.


Both the trader and holders are all investors, what makes their difference is that some are holding for a short period of time which is trading, while some hodl for longer periods which we often refer to investment, but our common goal is to make profits.

Buy a little at a time and do not make investments in a single project, maybe 2024 could start the new bullrun, if you want to invest in new projects let pass sometime before buying, usually new project are super hyped and much more manipulated by whales and team

Everyone who is in crypto currency for sometime already know this that bitcoin will have its bull season after the halving, the bitcoin can reach another high in 2024 or 2025. Due to this reason, i am sure to see another bull season within two years time.

Now you can invest any amount in bitcoin right now and you will grantee get 3x to 4x return within a span of only two years. No other investments can give you this return.

buying in installments is indeed very profitable, especially during the boom season like now. as long as you have cold money, that's a very good thing to do, especially now that the price is still in the consolidation phase, so it's an opportunity to make a profit if you can dismantle the resistance defense later. and if the price breaks the support we are not too worried, because we have planned to buy every month, so we can still buy at a lower price, until it's time to wait for the bullish season to come and we can harvest it

Buy and store" is a strategy commonly known as "buy and hold". I agree with you but a bit consideration is required here. Buying and store is an idea only when you have a lot of spare capital with you. I you have some spare money to hold for a long period of time, so you may spend that in BITCOIN, or in any other However, I believe that for a small trader, by-part trading is more advantageous. Additionally, the buy and store strategy can be a practical approach for long-term investors who believe in the potential of cryptocurrencies. Before investing for a long time, adjust your strategy; make risk assessment as needed based on your investment goals.

As long as these things are done properly and certainly with proper planning then it will be profitable,
bull season is yet to be seen and we never know exactly when it will be,
the most important thing is to take advantage of this moment to make a profit.

This is very good advice and I will always tell people to continue to buy Bitcoin but might want to DCA it so that they will not miss out when the price is cheap. This calls for careful investments and consistent speculation so that one can know the right time to maximise their profits with the investment. And like I use to say, no one who invests in Bitcoin will lose their money eventually, it might tarry at times, but laughter will end it. Also, the plan towards 2024 is a very good one, those that are sceptical to invest now might hold on till that time, and truly, a significant bull run awaits the coin.

Lastly, my advice is that one should rather save in Bitcoin instead of wasting their money in banks, and the money you save should not be touched for effective investment. It has helped me to be more prudent in my spending and it will always be a game changer to my finances in the future.

$30 is still very cheap, less than 50% of its previous ATH so definitely that won't stop me from continuing my DCA. My plan is to continue with the DCA until the halving month or if bitcoin reachest like $50k whichever comes first. I am also slowly accumulating some altcoins and I might focus more on them when bitcoin reaches $50k. Many of these altcoins will have more growth than bitcoin during a major bull run so I won't miss it. But long term goals, definitely bitcoin is unparalleled and would stick to it. 

Up to your hand. First of all how much extra money have your pocket. If you invest 100$ in a week and no extra money in your hand then how you can manage your life? The price of crypto totally unstable so profits chance totally luck. There are many people giving buy store advice but no one can recover your loss assets.

That is really the problem with people: they tend to only think about the profit and don't assess their current situation, like if he spends that amount and goes broke, for sure he can't eat anything as he doesn't have money. So it is really best to assess your situation and see if you can afford it because no matter how big your investment is and you go broke after it is still useless, for sure you'll panic sell on it or just a day goes by and he will sell it off.

right decision because there are so many people who earn lots of money but they are unable to spend some amount of money on family so I think first priority should be the family money can easily achieved it once start working hard.

There is no need of earning lots of money but that amount of money should be earn which can easily fulfil your needs because needs can be fulfilled but dreams never ends.

That's the desperation people do have, getting into something they know they're not financially covered just because they see others getting on the side of profit they think is that easy.
The investment can take time before it yield anything profit and before that he might have gone completely dry financially.
To me before you invest just get prepared of keeping something to hold on to so it won't tempte you to sell when you're not suppose to, and you might sell at cheaper price and be at the losing end.

What is your Total Salary, I mean at least? If you have the many that have more than your needs, your daily expenses and your family needs, and other things which you want to buy for your family or yourself then you can carry on with trading. But if you have only money for food for your family and your daily needs then it should be better to not invest in any of these coins. Because we can't trust on trading and we don't know what will be the price next day.

Also, you need to take care of your family, if the salary you have is good enough for you to live a good life then why take a risky step towards trading, we already know that trading always involves risk whenever someone is trading, there must be a loss and there must be a win, we can't say that we can only win.

Definitely you should always divide your earnings proportionately and invest some portion of it in some sort of investments. It will be completely foolish decision if you put all your earnings in investments and don’t have any money for the monthly expenses or emergency funds.
Now regarding OP’s question, then definitely if the coin has potential, like BTC and ETH, then definitely you should accumulate it in the regular basis and hold it. You will definitely make tons of profits during the bull season, if you buy from now on.

DCA is indeed a popular investment strategy. It involves consistently investing a fixed amount of money, regardless of the asset's price. It's different from other strategy, this approach can help reduce the impact of market volatility and is often used for long-term investments. Starting with an amount you can afford and adjusting based on your financial situation is a wise way to approach DCA.

In these times and possibilities, we should even go double time to accumulate because the halving of next year is so fast, so if there is a chance to acquire, do it immediately as long as it does not effect spending on a daily basis.

This is not the time or season to sell if you feel Bitcoin will be worth $100,000 a coin, because the value of each sat is important to you as a Bitcoin holder, right? Would you sell it knowing that the price is still lower than when you got it if you knew the value would truly increase? Isn't that obvious?

If we invest all the income we have then we will not be able to meet the daily needs we need and to get investment profits we need to wait some time to get a profit. Using some of our income to invest, I think this is a good thing to do to be able to get additional income from the investments we make. You are right that buying it regularly will be very good for making profits and we have to be patient in waiting for that time.

Do what makes you feel comfortable and easy on you. You need not to force DCA if you're compromising and affecting other responsibilities of yours.
If DCA is good and you can still provide for your family and everyone is happy with your provision, you can do it slowly and surely.
Only you can understand your situation, your expenses and financial capability.

Almost every post we can read DCA when the truth is what you said is correct ,
using what comfortable for you and that makes it easy for you.
also I use to believe that your money is your responsibility , so why need to listen to others opinion when they care nothing about your investment outcome.
lets keep being vigilant to what is the best for our money to use as strategy .

If you are prefer with DCA then pretty much you don't care about the price because the goal of DCA is to buy and hold until long time (the time depends on each user). Even if it's a small amount but as long as you are consistent with what you do then it's pretty much better thing to do than spending big amount of money in one go then forget about it. Also you still have responsibilities to your family is a huge respect and should make a decision around it.

Indeed. When we have established ourselves to carry out DCA with the aim of holding it for a certain period of time, then we don't need to worry about market conditions, the ups and downs which might cause stress. In fact, every time there is an opportunity to increase Bitcoin accumulation when the price drops, this is actually a good opportunity, isn't it? So that when the time comes to take profits at a certain time, we will get results that match our expectations or are much greater. However, when we are going to hold, one of the things we have to focus on is our mentality. Our mental readiness is important to convince ourselves not to waver whenever there are price movements, especially those that are quite significant.

The thing is that their no time you purchase a bitcoin that's a time wasted, and during investment of Bitcoin or any other cryptocurrencies you have to purchase and investment what you can afford to lose, their is something you suppose to know concerning bitcoin investment.

Since you are receiving a salary I don't see any need for you to rush and invest in bitcoin with half of your salary when you have a family to support with the salary, what I will encourage you is that we have to understand that investment of Bitcoin is something we do with precautions and invest with our spare money.

As a worker its advisable to split your salary into three segment and use one for investment and one for the family and the remaining one for personal use, because when you used all the salary for investment of Bitcoin that will lead you withdraw your investment funds when the time is not due, that is while we do advice to use a spare money to invest in bitcoin to avoid withdrawing of your investment when the time is not due.

also when going to hold, be sure to have money for basic needs, because otherwise you will be forced to dump and that could spell bankruptcy towards your investment.when it comes to DCA its
always better to have perfect financial plan that we could take advantage of.
thats also exactly what makes majority of holders out there are fail, they got forced to dump even at loss becuase fulfilling basic needs which is kinda silly if someone want to invest they should be sure
to fullfil their basic needs first.

Yeah that was crazy but did you know there are families before who gamble it all ( their house, car, and everything ) to Bitcoin?  And decided to move in the wilderness to live. That was long time ago and they are lucky if they survived because BTC did jump a couple of years before.

Imagine if they sold all during it? They can always replace all that stuffs that they lost/sold brand new. That is not a good example of course. Cryptocurrencies such as Bitcoin should only be treated as a side hustle to get additional income because they are too unpredictable. We don't know if when they will pump and what if they won't pump anymore? We will only get doomed.

Always think off about the risks when it comes to investment, it might really be that looking good because of the good sentiments and positive approach towards it on which it could really be causing that kind of boost up into yourself on which you might really be ending up with that kind of investment decision which it turns out to be that kind of all in type of investment which its never been that recommendable but since its their choice to make then it would really be just that normal that they would really be having that kind probability whether they would succeed or fail but knowing the potential of Bitcoin then it is most likely on positive side but the main question is on WHEN?Its true that on the time that Bitcoin had peaked out on 69k then if they do able to sell off somewhere near with this number then they did really make that good shot yet sacrificing something for the sake of investment then it would really just be ending up on success or fail.

We are all really that thinking on where they are now, how their investment turned out? Have they able to make some sell or simply that they are really that holding strong.
There's no way on telling that not unless if they would really be saying up personally on things which they are currently doing.

If you think you have a lot of responsibilities to take care of, don't invest money that you would tie your emotions to and try to sort them out first before thinking of an investment.
However,  The best approach for investing in Bitcoin is using a proper DCA, Out of the amount the amount of money that comes in as your salary, you can think of investing 5%, or 10 -20% depending on the amount you are capable of sparing.

Although we are not into financial or investment advice, but see to it that the money you've spent from your salary is something that you can afford to lose and treat it as "dead money".

The decision would be entirely up to you. We are not the ones who can decide for you since it's your money. Understand that everything has risks especially Bitcoin and cryptocurrencies because of the price volatility and it cannot be stopped.

I assume that you only have one income source which is your day job right? Correct me if I'm wrong. But if yes, it's better for you to start looking for side gigs during your spare time to earn additional income. You can commit some of your side gig extra money to try getting into Bitcoin and other cryptocurrencies.

There are many side gigs that you can do like article writing, video editing, community management and moderation and so on. Or much better think outside of the box regarding your own services that would satisfy your clients in the long run and in a legit way.

With some lessons learnt in the past or will i say as we continued with the journey of crypto market, and the whole picture behind it, I won't advise any nope to buy any coin or asset to store, though individuals varies whenit comes to financial standard, but for a noob who is just coming into the crypto space with no ideas yet shouldn't take buy to store as a first step.

While you don't want to advise anyone to buy any coins or assets for the sake of keeping them, you should also be able to separate newcomers from people who are already professionals in the crypto space or in trading. Because everyone can imagine the profits made by the majority of people who bought Bitcoin at $25K and sold it yesterday when the price increased to $35K, so you may not advise those newcomers not to immediately buy anything other than continuing to increase their understanding and their own knowledge.

But in the end they also have to make purchases as proof of their own actions in an effort to make a profit, because it would also be very useless if every newcomer who had learned more things did not apply anything himself. So everything cannot be lumped together and considered the same because everyone must be able to sort out every thing even though it runs in the same space, namely cryptocurrency.

There are responsibilities ought to be carry out because the system is volatile regardless our planned strategies. Our top priority is taking good care of the family, paying the bills, after all these, then we focused our free time on trading, ensuring we records the best results from the space which is also risky. Profits and losses are record on daily basis but it's in our position to either grab these golden opportunities of earning or suffered from heavy losses due to our mistakes. Bitcoin is a prominent project but there are consequences that follows if one doesn't triggered in good entry. I would advise you buy and store because one can not predict the system, I'm confident Bitcoin will shoot in due time, probably when the bull season finally comes.

If you have implemented your investment plan since the time you created this topic, you may be seeing substantial returns on your investment by now. That is why it is said to increase investment without selling one's investment. We like to save but we don't like to invest but why. If you save, you may have security of money but the amount of money you save will not change but if you invest, your money may show loss for some time due to market volatility but that loss is temporary. If you can accept the temporary loss then definitely the investment will do you good. If you started investing in April and if you continue your investment trend till now then you continue your investment there is no need to sell your investment now because maybe better market time is waiting for us.

OP, I already know that you are conversant with the terms that Bitcoin is a volatile asset, with this know you should be aware that its price is not steady, that is to say that it fluctuates, if I am in the position to advise you, I will say that you should purchase the little you can afford monthly but don't allow it to affect your responsibilities, buy with what you can allow to let go if ugly situation eventually occurs, we don't pray for such but it natural because it is an investment and every investment has a risk that's attached to it, conclusively buy if you can, but if you think the risk not what taking now because of the market forces, it still fine you have the final say on this one, op your priority should be your family, investing your money in a profit-driven asset is also a good idea.

  If you are a long-term holder investor, you can do what you say: buy and store, regardless of whether it is bitcoin or cryptocurrency. And DCA is a perfect fit for those who want to accumulate assets in this business field.

  In fact, this is what I have been doing for several months, so I can say that for sure I will get a profit when it comes to Bitcoin halving or bull runs. The beauty of this is that it is an advantage to us that the total amount of capital that we can use to apply dca in these instances can be x3 or more.

I can confidently say that you're taking a long-term view and you are prepared for the  bull run. DCAing actually allows you to buy at an average price which can help you accumulate coins at a lower cost. One of the best things about DCAing is that it takes the emotion out of investing rather than trying to time the market because you're simply buying at a regular intervals. That way, you're not trying to guess when the best time to buy is and you're less likely to make a haste decisions based on fear or greed. DCAing can lead to a healthier and more sustainable investment strategy. Although, it requires patience, persistence, and a long-term mindset in order to be successful with this strategy in crypto space.

An advice that no one can deny is useful. Our family should be our first priority so in any unnecessary ugly events we might need to liquidate some of our assets in case we didn't allocate some funds for an emergency situation. I don't like to sell off my asset no matter how emergency the situation as before my pre planned timestamp. It's advisable to think of such a situation and take the necessary steps to handle it without selling any of our long term portfolio.

If you have the ability to keep on halving and storing bitcoin, then do so, but of course you have a lot of things to consider, like the current price of bitcoin when you are thinking of buying more bitcoin. The connected thing is that if your analysis indicates that the bitcoin price will go up, not necessarily the bitcoin price will go up immediately or continuously increase because, no, that's not how markets work; there are sure down trades or decreases in the price of bitcoin. That's why we keep on saying or others saying that bitcoin is for long-term holding or investment. That's because the bitcoin price is volatile, so it doesn't have a fixed pattern, whether up or down.

So if you have spare or extra money from your primary source of income, then investing some of it will be good and beneficial. Of course, invest only the moneu that you can afford to lose. Bitcoin investment is risky, which is why you need to consider a lot of things if you want to invest in it.

Buying more depends on you and how financially stable you are as well. Bitcoin I know for sure would rise, if you would want to follow up the idea you did say, is best to try a DCA method so you won't end up buying the high or you can try Dual Investment too. It will give you ah automatic buy when ever price gets lower

This thread was created last April this year. If OP followed most advice to continue storing bitcoin regularly then there's an expected income minimum of 20% of the total capital.

The point is that most experienced bitcoin investors will continue to buy and horde until or even after bitcoin halving. Bitcoin cycles in the past always led to ATHs a year after the halving. So even at the current price of $35k, there is still a huge room for growth. Even reaching the previous ATH of $69k is already 200% of its current price. But most are expecting another ATH by 2025, who knows how far bitcoin will reach that time? The good news is, we still have plenty of time and opportunities to save and invest.

I think that when the markets start going up again, BTC will become even more valuable. If someone believes that the Bitcoin surge is over and they're waiting for it to drop so they can buy, that's a valid strategy. But what if Bitcoin keeps going up from here? What if a significant drop isn't in sight? So, it's a good idea to invest while you can and hold your Bitcoin for the right time.
Technically, Bitcoin has been following a cycle since the beginning, and it's likely to continue doing so in the coming years. I'm confident that the bullish trend will return, maybe even exceeding our expectations.

Before you begin to implement any plan, it must be drawn up and thought out completely, from beginning to end, when you will buy, for what amount, or percentage of income and when you finish buying, at what price. Obviously, buying Bitcoin when it becomes too expensive and is close to reaching ATH is not worth it, this will make your average purchase price not very attractive. I stopped buying Bitcoin when the price rose to 30k, for now I am accumulating savings, if the price drops below my level again, I will start buying again.

It is not funny. Why would you think people find it funny or laugh at you when you focus on accumulating your salary? good that you can actually do that when you have salary and you can take a pay cut so that you can invest on Bitcoin. There's no other way if you're going to do that, as long as you are happily investing in bitcoin and it is not cutting your monthly budget.

Luckily for people like you that's able to invest in Bitcoin using their monthly salary. There is no need for you to get stressed and show to the others that you can do that because you'll never know if they're jealous of how flexible you are and how can you do that. While many struggles and find it hard to invest, you're there freely doing it so keep up the good work.

Because it is you that will see the results of it in the end and the benefit that will give you shall be seen whenever we come back to the bull run. And it is not going to take a longer time until we see that finally happen again. It's just a matter of time then.

Just imagine that the money you spend on Bitcoin is savings money, not money for daily needs that should always be spent. Investing is a complicated language than saving, and if you've ever saved, it should get easier.

Always calculate your salary and the most important thing is to allocate it for your daily needs. If it takes up 50% of the entire salary you get, then you can allocate investment or savings of 30%, you can use the rest for an emergency fund if there are sudden needs that cannot be avoided.

To get a percentage formula for allocating your salary, you can use your own theory or ask for help from a financial advisor. If possible, you can regularly buy Bitcoin every week or maybe every month. It will accumulate your wealth in Bitcoin.

Investment is not compulsory for everyone but those who can afford it must invest. We who discuss investment here but we have no interest but whoever invests will enjoy the results of investment. Since investment is not compulsory for anyone, a person can invest at any moment from his own capacity. Many have discussed that if unable to invest at all, an investor can invest a certain amount of money monthly or weekly. I think this is a very good aspect. If you can invest in this way every week or every month, you will save a certain amount of money along with your investment and your expenses will come down. Maintaining investment consistency is important for everyone.

Yes, maybe you mean that investment is only allowed for those who have the ability from various sides, especially those who have enough financial support, but on the other hand we will not always be able to force someone, especially those who have good financial capabilities to get involved in this investment, because obviously everyone has their own sense of interest in anything, some are interested in investing even though they don't have good financial capabilities and some are not at all interested in getting involved in investment even though they have financial capabilities, of course it depends on themselves.

You have given one of the best approaches for those who want to get involved in investment especially for those who are not very capable in terms of finance, allocating budgets with different time periods as you said like for example once a week or once a month with consistency and that is a good approach. DCA does provide convenience for anyone who wants to get involved in terms of investment accumulation, it is not complicated at all and you only need to set the allocation of money that you want to put in the investment that you trust, this method is very suitable especially for those beginners, do not need to spend a lot of time to pay attention to the chart of the market, and all you need to do is stay consistent with the same amount in each period of your allocation.

Actually buying and hodling has a lot of advantages than just trading alone. I’ve been hodling some assets on Bitget exchange for some periods now and at the same time I’m using the same asset for flexible savings on Bitget’s shark fin product in order to make interest of up to 7% on my savings every month. The recent upsurge in price came and my asset also increase while I still earn my monthly interest, for these reasons I prefer to hodl than just to trade alone.

Actually, op dude's plans are good. Maybe the other communities who want to have or save Bitcoin but they can't do it simply because of the situation or difficulty they can't prioritize it. But if we look at it, it seems to be easy on his part because obviously the state of his source of income is also good or good.

And I just don't understand. It's true that there's nothing funny about what's being discussed here because it's about investment. And since this is the point of the subject, DCA is really the best method.

We can always make profits from holding whatsoever coin till the bull market will come to us and we can earn profits from our holdings. Buying and accumulated more is not compulsory for us only if we have the capacity and the mind to take risks from cryptocurrency projects we are holdings. Crypto investment can be very profitable if we can be patient and invested our money in a good project that have good team and community to support the project liquidity and momentum. There are investment that would need our patience so we don't have to complain too much.

We do know that not all does have the patience for them to wait up for long or couple of years before they would really be able to see their profits on which this is why they've been deciding that they
would really be doing such short term trading or investment so that they could be able to see those profits without needing on waiting up for long term. Even myself would really be that considering
to be that too impatient on things on which i do only make some partition on which i do have a moon bag and i have an active bag which i would really be that supposedly to deal up with prices on active manner. Yes, its risky but for you to be in order to make out some money then you should really be that making such step for you to have that kind of opportunity.
We do know that not all would really be that risk takers and they would really be that preferring holding instead on making those active trades.

Many people in this group already mentioned this, but still, I am telling you that, first, deal with your family issues, and then, at the end of the day, if you get any money to invest, then invest. But remember, if you don't have time for daily trading, don't invest in any memes or shitcoins. Just invest in stable coins. That's up to you, but it only benefits you in the long term, not the short term. Don't worry about price fluctuations because that's what crypto currencies are made for, so think carefully, take your time, and make a decision. Remember, all this advice is not financial aid, just friendly advice.

  Even in the short term, it can still bring profit, as long as you have knowledge about this matter. The only people who often do this are those investors who are willing to wait for a long time or years until the value of Bitcoin increases and who want to hold it even if they don't know or study it yet.

  That's why not all are long-term investors, because there are capitalists who want to grow their capital immediately in a short period of time, so they enter the short-term. That's why high risk also comes in, of course, because there is no You know a lot about this; the others are just basing it on their instincts, or others just say it, or because they were just carried away by the hype of the trend, so that's it, which I think is not good anyway.

honestly its such improtant thing to solve the basic problem first, otherwise it'd mess up the investment in the long run. but investing in stablecoin nowaday could also be said to be waste of time, because APY promised aren't as high as the other, its just enough to overcome inflation but nothing more. even bitcoin which supposed to be really effective for investment only when capital is huge is having more APY than stablecoin.
personally i'd go with bank deposits instead, no risk of contract breach or something.
therefore in my opinion its better to invest into other form of investment like altcoin, or even better with bitcoin because the yearly returns significantly higher in my opinion.

These services depend on your fiat currency, invest in crypto with the amount of money you can afford to lose. Also, if you want to earn, then you must continue investing and trading. If you are planning to invest for a long time, then you should definitely hold on to the investment from any location. And if you constantly want to earn money in your daily life, then definitely trade according to the special strategy. Moreover, you should always use DCA in the case of trading. If you keep this method always on, you will surely make a profit and not suffer a loss. Because there are many times when the market starts to be volatile which is the reason for which the chances of facing losses are high, if you use the DCA method you will save a lot and your money will be safe. As bitcoin is not a stable currency you can invest and hold this currency from anywhere it will give you high returns but plan for long term. You must always plan positively, only then you can profit from Bitcoin and you must use DCA methods in trading.

Op, Bitcoin price is always unstable, that is why the word volatility is introduced to it, you don't wait when the market balance, do you even know when the market will be stable, the right to invest in Bitcoin is when your mind is convinced that you are ready, if you are a daily, weekly or monthly earner, just make your budget for the month, if you have savings already and you know that you are much more ready to embark on this journey you can divide your savings and use part of it to invest, there is no harm in trying but make sure you got the knowledge needed so that you won't go astray, I don't like telling people about altcoin for a reason, that reason is, from the day I find out that the price of bitcoin is higher than altcoin and also the when there is price upward for bitcoin alternative coin follow gradually, in see bitcoin as the best among all.

In my opinion, OP's plan is good, and I also think that while doing it, OP's also a long-term holder, from what I see in him. Actually, what he will do is really good, because the implementation of DCA in the upcoming halving next year is a big factor for him to quickly accumulate assets that he really wants to have because he believes that it is possible to increase the value in the market in the future.

Although there is still a risk, he doesn't care because he has high expectations for Bitcoin and it is his choice after all.

Do the best way that you can use it and other needs can also be met, there are a number of ways you can do it, but the nature of this is not to force your entire salary to buy. DCA is a good strategy for you to implement and make regular purchases every time you get a salary from work, so that you can carry out investments and other needs as family responsibilities can also be met properly.

You have a good understanding of bitcoin and should give careful consideration to the decision. Bitcoin is one way to maintain the value of the currency you own, placing money in bitcoin is an effort to maintain the value of the currency you own to be more productive by buying bitcoin and storing it in the long term. Technically holding and trading are two good things but it depends on how you are able to carry it out, I prefer holding large percentages and trading only for small percentages to fulfill my desire to learn trading to make small profits.

I hope you followed your new plan for the last few months and didn't sell your coins early. Buying fixed amounts of crypto currencies each month is the best approach in my opinion to build a big portfolio over time. Many other users here on the forum also recommend the so called DCA method. When you take your investment money directly at the start of the month away you don't face the risk or overspending. I can understand that you want to help our your family financially, but just make a monthly budget for it and if it's not enough post pone some expenses for the next month. When building a portfolio it's all about the longterm, which is why I wouldn't sell too early. As long as you don't need the money I would recommend storing it and wait at least for a new ATH. With the halving coming up next year there will be more positive impulses for the crypto world.

I still stand in my word to buy the dip and pray for the halving to favour you.
Accumulation of BTC is a surety mostly when one knows how stable and more reliable it is for the long run. DCA is still the best proven strategy to get rich slowly, because it would be more profitable after years of accumulated BTC has been liquidated.

I agree with your opinion, if we collect crypto by purchasing a fixed amount when we get the income we have, of course this will be very good and we will also be able to get results from the investments we make. Managing our spending budget well so that we can invest regularly will certainly make us get additional income from the investments we make, you are right, if we don't have too many expenses that we don't need, it would be better for us to invest at least wait for the ATH to arrive can benefit from the investments we make.

DCA is one of the best decisions I've ever made despite that I'm a little too late last year. I should have started DCA when BTC was still around $12k to $16k sometime in mid-2020. I've made a mistake of letting BTC go that time due to having lack of patience and faith.

Karma hit me hard when BTC flew past $20k days after I sold my BTC. So I make sure of not making that mistake again by doing DCA with my extra "not beer" money last mid-2022. However, I started DCA around $30k to $31k price before it dipped and hang on somewhere around $19k to $23k price.

As of this time, I am at a profit and decided to keep holding and anticipate for the halving next year and also speculating about pending ETFs like Blackrock to be approved that would be a possible big catalyst to a potential bull run.

It's very important to buy the dip, but moreso is the unique opportunity that comes with bitcoin Investment when we are able to hold over a long period of time, this may not have to necessarily be that we are buying when it's dip, we can buy at anytime and yet be profitable about it, it's also about knowing the right time to make an investment and when to hodl till it becomes a profitable one before we release, those that cannot buy and hold for long could as well engage in trading, which does not take longer to sell and take away profit.

Buying dips is really good if you buy bitcoin dips it will become very profitable if the price goes up. Savings are good for everyone Savings helps a lot of problems later on. Investments in stable currencies are less likely to appreciate as they remain more stable. But investors have been reaping profits by investing in bitcoin for years because of its volatility. Many people are using strategies to get rich slowly and their principal will be higher than other currencies.

I've been buying Bitcoin for several years, so it's hard to say that I'm an experienced investor, but even now when I try to trade, I see the advantage of holding over trading.

I have my main portfolio which consists of Bitcoin and I have allocated some funds for trading, and I can say that the difference in holding Bitcoin and trading is colossal, my Bitcoin is growing and does not require my attention, but I spend a lot of time on trading and my results are not always good, sometimes I can make money, sometimes I lose, but I spend much more time on it and earn much less.

Investing for the long term is good for everyone but not everyone can invest for the long term. There are considerable positive aspects of long-term investment. We have generally noticed that the Bitcoin market has changed considerably over a long period of time and those changes are definitely positive changes so if one can invest and hold it deeply then it is a very positive aspect for an investor especially for the future. Time is not over yet so if you ask me to say this then I will tell you to increase your investment amount and hold that investment deeply. Those who have profited by investing deeply will surely suggest you to hold on to your investment so you should hold on to your investment even if it is a temporary pain.

Since you have to take responsibility of your family, you must think deeply before investing. If you can invest and hold for long term then I say hold but if you can't then such strategy is more likely to result in loss than gain. Because if you deviate from the way even though the goal is not fulfilled, then it will become someone's loss. Although we know that Bitcoin is a very potential coin whose value is slowly increasing and anytime we see it bullish. If you feel that you can sustain it for a long period of time even passing hard time then you can invest in this platform. But it is better to use DCA to reduce your risk.

Now there is a huge difference between savings and investment. You can’t make money by saving it. You need to risk money that is invest in order to make more money. Hence follow the golden 40:30:30 rule. Spend 40% of your monthly income in daily needs, paying bills. Save 30% of the monthly earnings for future or emergency and invest 30% of the income in some time of investment. In this manner you can make good amount of money in short period of time. Now if you ask for Bitcoins, then waiting for dips in order to buy it is really a bad idea. Bitcoins are very valuable coins, so whenever you have some funds to invest, buy the coin irrespective of it’s price.

Yes, you were right there in that matter, The only problem with most of the hardships of life today is that most of them want to make a profit every day. That's why others only enter the short-term to make a profit here in crypto trading. But it is not as easy to do as others think.

It's also the fault of others who share that it's easy to make money in crypto, and they say they get rich in crypto, but it's not really that easy in reality. It's easy to hype people up if the intention is to cheat, and it's also easy to believe the hype that's being done to us. But it is so difficult to understand how to get a good profit here in crypto trading that most people who enter this field of business in cryptocurrency do not know.

Buying during the dip should be a practice for everybody.

If there's a profit there, it's really little because the volatility that stable coins have are just centavos. And, they won't be called stable coins for no reason.

Don't have that mindset about being rich on it, the day will come when you become stable and consistent and you'll become rich based on how you're acquiring and doing it to grow your portfolios.

Buying Bitcoin at a low price is an attempt to gain profit through existing opportunities in the hope that it will become more expensive in the future. And from what has been seen with Bitcoin, it is also quite clear that Bitcoin is indeed able to provide this to many people within a certain period of time so that it is very feasible to purchase Bitcoin at a price that we think is quite low. Because there are some people who still don't want to buy Bitcoin, not because they don't have money, but because they don't know that the price of Bitcoin is low so they don't take advantage of it.

Our main problem is that we never actually wanted to learn about trading rather we wanted to profit directly from trading. If you go for an exam without studying for a whole year and expect good results in the exam, then it will be a foolish behavior, similarly if you think of profit from trading without having any idea about trading, then this thought will be like a foolish thought. If you have trading skills you can take new trades and if you are investing you can increase the amount of investment according to the current situation but doing these without knowledge of trading is risky for money. Those who know enough about trading and investing have no need to question whether they should buy more at this time because market conditions will tell them when to do so.

Buying bitcoin every month is not affordable because just investment is not here but other burden are also on us. Buying bitcoin on monthly basis is good option but If you are a accountable for a family then wait for that amount which you have hold to give you profit.

At start of the month you should not buy bitcoin because anytime you can require it for monthly uses but if some amount remains in your salary during exit of month then utilise that amount for investment. If you buy more and more bitcoin but need sudden amount then there will be no other option instead of selling your bitcoin on loss option. You should keep the already holded bitcoins as it is enough for boosting the amount of your money.

The first piece of advice, of course, is to first fulfill your responsibilities to your family. Whether it's basic needs or obligations like debt, handle those first. Investing in Bitcoin is more suitable for those who already have savings and no longer struggle to think about their basic needs. This way, emotions and psychology when owning Bitcoin can be better controlled, and every decision will be wiser.

Remember! Investing in Bitcoin isn't a matter of life and death, but it's an alternative means to safeguard your savings and protect their value. You don't have to force yourself to buy Bitcoin because what matters most is having a bit more financial flexibility first.

It's important you make sure you have spare cash before thinking of investing because if you have too many obligations to meet up with, you May end up investing wrongly, your decision will be mostly in the short term and it won't be as profitable enough as it should be if you were comfortable investing. Make sure to first meet up with your needs and invest with spare.

Depending on how much you earn monthly you can decide to allocate a certain amount monthly or weekly to investing but if what you have left to spare is really small they it will be better to do your investment monthly so when it compounds it comes out significantly. DCA will aswell be very helpful while investing that way but make sure not to invest more than you can afford to lose so you don't have to get emotional about you investment as the price of Bitcoin doesn't follow a regular pattern.

Whatever ways we choose to invest in the market, we must always make sure that we have a saving like in the normal fiat world, we need to have a portfolio of coins so that we can make more when the bull make arrives. Trading and investing is different but for that are traders, we are more steps higher than a person that is just an investor. We can make more money from the market when we buy and hold and also trade in the market to make more profits from the market. We need to have the habit of storing and buying. It is what we buy that would give us profits when the bull market arrives.

I agree with you, before choosing to invest in Bitcoin, it would be better for us to meet our own needs and also have funds for the emergency needs that we need so that when we have made an investment and have urgent needs, the investment we make will still stay safe and not be disturbed by our sudden needs. Without having financial advantages, we can be sure that we will not be able to make any investments, because if we cannot meet our own needs then it is not time for us to think about investing and it is also important for us to be able to meet our needs and then we can make investments.

We are planning long term when it comes to investing in Bitcoin so we should definitely invest the money so that we don't have any problem with holding bitcoins later. If the family has a certain source of income and if a small amount can be saved from that by DCA in Bitcoin then I think it is a good advantage for them. There is no need for a large amount, but as a convenience, a poor person can get the opportunity to hold bitcoins even if he wants. As the market is just getting ready to turn bullish I think it is quite effective for short term traders to invest in this period and a golden opportunity for long term holders.

OP, if you can buy now it is better, because bitcoin market is designed in such a way that no one knows the actual direction, if you can afford to take care of your needs at the same time buy Bitcoin to store that's good, I will say that buying little by little no matter how small it is, is a better option for you, instead of staying out of the trend, it is better to own a little than owning nothing, because you never can tell what the future holds in regards to bitcoin, I know that challenges will come, I never said you shouldn't take care of domestic needs, I believe that taking care of your domestic needs are your primary obligation that should not be joked with, it should come first before any other thing.

I have some idea if you want to be more focused on Bitcoin... try to forget about the BTC/FIAT conversion rate that can sometimes make you hesitate in buying Bitcoin. You can more concentrate on targeting specific Bitcoin purchases, like reaching 0.1 BTC, 0.5 BTC, or 1 BTC... then once your target is met, you can plan your next steps, such as holding for a longer period based on your chosen time frame or selling when a bullish trend arrives.

IMO.. avoiding the influence of Bitcoin prices compared to FIAT will help you overcome doubts. This will have a positive impact on your emotions, preventing you from being constantly affected by price fluctuations. The main focus should be on accumulating BTC until you reach your BTC goal amount. Buying it consistently will accumulate bit by bit, turning into something significant in the future.

Yes investing is a choice for someone, in other words if you want to invest then do it, if not then don't do it. But I also agree with you, that before investing then think carefully first, because investment is not just for a month or two, it can do it faster, but for me personally not too interested in investing in a very short time.
Make sure our main needs are met, things like dependents, debts and others can be resolved. Don't let it be because we are investing we have to ignore something that we really have to fulfill and arguably is an obligation.

I adhere to a different strategy, a certain amount of bitcoin, 0.5 or 1, is not so important to me as the level to which I will buy bitcoin. For some it will be 25k, for others 35k, everyone determines the price at which he will buy bitcoin.

I think this is important if we want to get the maximum return on our investment. After reaching a certain level I stop buying and just accumulate savings, if the price falls below my level again I will start buying again, if not then I will wait for my selling targets and wait for a bear market. I consider this strategy to be the most acceptable for achieving good results. You can set a goal as you indicated, but it can be achieved with a high average price and then the profit will be significantly lower.

If indeed you have decided to make a long-term accumulation in bitcoin then yes there must be some considerations for something so that your investment can continue to run in balance, one of which is as you said in terms of budget, try so that you use money that will not be disturbed by other things in the future, and prepare other savings as your emergency fund, so that when an emergency situation comes you will not disturb the money in your investment, another thing is to try to make the best plan according to you for your long-term investment, don't be too excessive and still prepare some things for precautions.

Basically now everything is getting easier if you really want to do it, like DCA, you can do the strategy, it will be very suitable especially for beginners, and even though you have finances that are not too good but on the other hand you will still be able to invest using this strategy, you can put an amount that you can account for any amount within a week or once a month on consistent terms, with that then you will remain safe and secure in your bitcoin accumulation. Yes the market conditions are now at a pretty good level, but I say that for those who have already saved bitcoin, and also yes I would not really advise you to buy in bulish conditions like this, but yes go ahead if you still want to do it as long as you can do a good analysis, I would advise not to rush and better look for positions when bitcoin is experiencing a price correction and there you will be able to take at least the lowest point of the newly formed support area.

Necessary work should be carried out first after which making investment is a good idea but if are ignoring our issues and don't resolve it but are trying to invest this money then this issue will get worse with the passage of time therefore investment is not necessary if your problems are still unresolved.

Life is too short so first try to make each and everything available for you and for your family because investment takes a lots of years and when a person get profit from investment then his age of enjoying life has been passed. Little sum should be used for investment but if you are saving money day and night for investment and don't think about your daily routine and requirements then saving such amount is not a good option because once you invest money and you don't have more for your urgent requirements then you will take loan for it but will not touch your invested amount which is not a good idea.

The most important thing in the crypto is to safe yourself from loss.how you can Earn money in crypto that is the point where we all are searching this question.in my opinion we should invest all extra money in bitcoin but before investing we should check the correct time to invest how we can check the correct time its all about to yourself.we should learn the previous whole year bitcoin chart price after that we would know the investment time in crypto and we can safe ourselves from loss.

It does matter that you have a plan on how you buy your bitcoin be it DCA or having your own buying routine but with all those in mind, I think what matters the most is that you are buying consistently to increase what you are currently hodling because if you aren't consistent then what's the point of those plans that you have? My advise to OP is to be consistent with buying every month no matter how small the amount is as long as you are buying every month then your bitcoin will only just go up no matter what, another advise that I can give you is to buy a lot of bitcoin if you can when the prices are down and when people are anxious about the bitcoin price, that's a good time to buy bitcoin.

I advise using the DCA when purchasing Bitcoin or other cryptocurrencies; it's a great method to save money and ensures that your wallet never has a zero balance. Actually, most communities nowadays operate in this manner.

Just be sure you know which cryptocurrency assets you plan to purchase in order to build up and create a dyor still, or select a cryptocurrency that you believe has the best chance of rising from the bull coins by selecting a majority of the top 30.

The strategy that's greatly appreciated by most of us and that's the reason why many are starting to do DCA. If no one does DCA then it's not recommended. But it's not just one person that recommends it but there are plenty of us.

Start with BTC and then when you have sufficient holdings of it already, that's when you try to find something new.

The easiest way for you to figure out whether to buy more or not is pay your bills first, make a budget for your food, needs, and wants, and for your emergency fund, if you still have extra money after that, then invest it on Bitcoin, simple as that.

Don't invest it first before anything else, because you'll be force to sell it when you need the money for your responsibilities. Invest what you can afford to lose, don't sell your properties or anything important just to invest in Bitcoin, in short, don't put all the eggs in just one basket, since we're not sure when is the next bull run going to happen.

I prefer long-term investments if the choice is Bitcoin so that I don't waste so much time looking at and researching previous price charts that have occurred throughout the year. Because the more time we spend researching the right time to invest, the longer it will take us to make a decision to invest in Bitcoin. This is caused by a feeling of doubt and fear after examining more and more charts every year, even though in general Bitcoin can always provide the best for those who invest in the long term and can even always rise after falling too deep.

Good choice to invest in Bitcoin. So I would definitely encourage you to buy Bitcoin and store for the long run. Because you stored all time best coin and it profit will be massive in future. I see very low risk in that because it's widely using digital currency. And it's can be big financial support in the future for you and your family members for buying Bitcoin in monthly basis.

Crypto is a volatile market that will provide many advantages as well as many losses.
By applying long-term investing, it may be the best option for those who don't want to think too deeply about how to make quick trades.
Holding back does not require emotions and only needs to be patient.

By holding Bitcoin, will indeed be better and only need to wait for Bitcoin to reach its highest price.
Investment decisions are based on knowledge as well as how confident Bitcoin investment is.

Some people who were too skeptical of Bitcoin instead abandoned Bitcoin when the market suddenly crashed.
Whereas when the market crash is the best opportunity to start buying and holding, and See how we will go to Halving and will reach a new ATH, this will be a 4-year cycle that will make new history on Bitcoin.

It's possible that there are some people who have the habit of buying Bitcoin every month, as a result of setting aside part of their salary to invest in Bitcoin. but not necessarily every month to buy. better understand to buy when the time is right. saving Bitcoins is also definitely recommended. But just remember the most important thing in investing is getting a profit. Don't be too naive if currently those who buy Bitcoin aim to gain profits in the future. except for those who actually have Bitcoin for transaction purposes. which of course not all countries legalize it.

If you understand a little about market movements, and you are used to analyzing, you can do short-term trades, at least that's the best option right now, you buy then you sell, collecting little by little.
However, if you intend for a long time, you can buy it in accumulation, for example you allocate your monthly income to invest every month.

I will suggest buy more and hold some few weeks back but for now i will definently stick with the sell option cause the crypto-market seems a little bit extended and really not a good time to buy at the moment . Already took some sells using my trading bots hoping price will  tank down a little bit to the recent support as i am expecting a pullback on BTC soon.

You have a better plan for Bitcoin than not having any plan for Bitcoin, because Bitcoin is the best choice for us to have and to help our finances and also for a much better future.
And my advice, in your situation, because you have to help the family financially or whatever. It's best to prioritize your family, your important needs and other needs for one month after getting a salary from your job. And with all that, you can learn and help manage your finances well because it's part of investing, you can also save on expenses and limit what is important and what is not important for you to buy. Apart from your needs, your family, and also for investment.
Invest within your means once you have prioritized what is important, and if you have extra money, whatever the amount, you can buy Bitcoin or you can set a benchmark to invest 20% to 10% in Bitcoin every month. And if you want, you should look for additional income or a side job to help your finances so that you can do everything well because it looks like you are still young and can still do this. Because that's the only thing that can help you, so you can meet your needs, your family, and also invest. For now you can do it according to your abilities and if there is an opportunity or desire you should have additional income, and this is all to help your finances and also your future and also invest in Bitcoin for the long term.

Yes brother. I think its the ideal time to buy and store the crypto currency coins.. But Bitcoin price is at 37000$. And some analyst says that the price of bitcoin will break ALL time high record and make a new record of 100,000$ in the end of 2025. So, its the time to store and wait for the right time to sell it at high prices.

Opportunities is really here but also could cause those massive losses if it wasnt done right. Hate to say but luck would be also that an integral part of someones success here on this space because we know
that no matter how good looking the site or project is but if it wasnt recognized by the community then it would really be pointless or something that would really fail in the end but instead to those
shit coins and some memes do really take that slice of the cake on which increasing its price for how many folds which those  people who had just non seriously put up some investments
are the ones do reap out those profits which kinda sucks if you do ask me on some point.  ;D

So when it comes to long term hold then it would really be that depending on you because not all would really be that shooting up when it comes to value.
So it would really be that pertaining always about your risks management because if you dont put up attention to this then you do know on whats next.
Invest on what you can afford as always so that you wont be stressing out yourself.

Buy and hold Bitcoin until it's price reaches to 100,000$. Because it's the best time for investment. It's very difficult to invest when Bitcoin price is very high. If the etf is approved then it's sure we will see 100,000$ price very soon.
So, get ready yourself before it's too late brother

All investors are hoping that the price of bitcoin will go up. The rate at which the number of investments in bitcoin is increasing will not decrease in price. This is the perfect time to buy everything is being updated. Trading bots often do not understand the signals of the market so it is better to use your own experience instead of using bots. If you visit the market you will see that the price of bitcoin is increasing.

It honestly depends on your investment appetite. Holding bitcoin is a good strategy but there will also be a little bit of instability. Buying more and storing is a good idea, but you need to make sure that you first take care of your responsibilities. Maybe allocate a certain amount for buying bitcoin each month. It doesn’t have to be a lot.  I have invested mostly in bitcoin and the rest I have in Altcoin which I trade daily and that’s my choice, It’s entirely upto you how to invest/save your money.
If you have any questions you can contact me via my Discord: https://discord.gg/X8PH8MtcYE

it would be better to invest earlier because today bitcoin is already at 42k so it is always a good choice to buy then the way it is currently going what will be the next stage, and see the advantage of holding for does that are still yet to know, the benefits are already showcasing,  and studying the risk is even minimal compared to such investments but at the same time can liquidate anyone if not careful but keep investing and expect your money in return.

If I were the OP, I would only focus on making more money by buying my Bitcoin through a wallet and also through futures trading. There are times when people should worry about losing their investments when they buy Bitcoin, but this time is certainly not one of them. Bitcoin is such that is good enough for anyone to own and get to make easy and flawless success during the bullish time. The good news is that this is the bullish time, there is no need for worries.

And fine, learning about trading speculation is a very good one, but this often misleads some people, they are just weak in it. Many believe they are good analyst but in practice, their analytical skills are poor, which is why following sentiment at times is good, and the reason why I urge people right now not to miss this general cake but to buy Bitcoin and HODL it.

Not only that, if there is spare money after the initial investment, nothing stops you to keep on buying it just like you are putting money in your savings account. You would be surprised what this approach will yield in the next 1.5 years or so. Conclusively, it's not about what you fear, know or the past experience about Bitcoin, it's all about the sentiment going on now (the Bull and FOMO). It's either you continue to buy and laugh later or you miss out and be sad. Good luck!

Of course you should buy bitcoins now, you should buy bitcoins now and save for the long term. Because the price of Bitcoin is about to hit an all-time high. This is likely to happen by the end of 2024. And the price of Bitcoin is currently very high on its growth trajectory. The value of Bitcoin is increasing rapidly. Bitcoin price has increased by 16.1% in the past week alone, and it is still on the rise. lf you buy and hold Bitcoins now, your family will get huge financial support in the future.

Upon reading that you expect bitcoin to reach another ATH by the end of 2024 I checked its price history. Bitcoin indeed made an ATH by the end of 2020 and then it continued to grow to $69k by 2021. So maybe next year which is the halving year will repeat itself. I would be very happy if bitcoin reaches another ATH by next year which means $100k or even more is still very possible by 2025.

So there's still plenty of time to save and then invest. I'm getting more excited but at the same time I am also taking the waiting time to accumulate more before an ATH is reached once again.

If you have money to invest btc with fulfill your family duties, then you should not put extra money in bank, but you invest in btc for better life. I also invest many coins and also btc. Btc is such a coin which changes your life

There is still a lot of time to save, there is still a lot of time to start rebuying.
Implement an effective DCA strategy to accumulate Bitcoin holdings and make the Portfolio better.
Of course, you must have enough money reserves to reach all the cheaper prices.

ATH $100k is a common speculation and even my target is also above that price and waiting for 2024-2025.
Everyone will be happy with the price increase if it reaches a new ATH,
but the current price increase, breaking through $40k is quite an incredible achievement for Bitcoin at the moment.

It's undeniable that bitcoin is one of the biggest and successful investment anyone should have done when the prices where lower because today, it's worth much more than any other investment but we shouldn't forget that there is success outside bitcoin. There are more investment outside bitcoin, this is not the only investment to survive but it's a good thing to have some as a portion of investment in bitcoin to avoid "had I know back then, I should have".

Yesterday, I was watching a TV show of a guy that won ₦60 million from playing aviator and this money is something that can change his life and that of his immediate family members if it's put in good use. This was from gambling which we all know that it's very risky but he made it by the way. It's a legit investment he has made through luck. So what am saying, even if you invest your life into bitcoin, make sure that you look into other opportunities because it's possible that we might not seen the gains from bitcoin like it did in the past.

Unfortunately, because Bitcoin transfer fees are very high in nowadays, many small investors avoid making small purchases for saving Bitcoin. Yes, this is unfortunately a big problem for accumulating Bitcoin by making small purchases but I would like to remind you that it is possible to find a solution to this problem by using alternative methods.

For example, Bitcoin can be accumulated using any cryptocurrency exchange every week or every month within the budget and if there is a decrease in the transfer fees this balance can be transferred to the wallet. Of course, although it isn’t a good thing to store cryptocurrency savings in exchange accounts and although many exchanges charge transfer fees which we can consider high for Bitcoin transfers, depending on market conditions I think it is possible to at least accumulate small amounts of Bitcoin in this way.

accumulating for investment wouldn't go to waste if you accumulate at the right time, even more so for salary man that have no idea what to do with their money other than being consumptive and spending it for something mundane, because tbh, investing might be best decision ever if things turned out well in the future, of course in reality investing might not be all rainbow but you can guess that its better than just letting your money getting eaten by inflation, if saving your salary to accumulate bitcoin is best strategy in your opinion then go for it, but remember never to buy when the price already too high just see previous all time high and make decision based on it because we all know in every bullrun the target is always surpassing the previous all time high otherwise many people would get disappointed but even then we don't really know whether we could be hitting all time high this time around considering the fact that previous ATH was also quite the massive one.

If ETF prove to be really impactful in this case, maybe we would surpass previous all time high so yes, investing right now would still be a interesting opportunity.

I'm going to accumulate a small amount of bitcoin everyday with my monthly savings. I'll be doing it till bitcoin remains below 50K. 50K to 100K would be a no buy no sell zone and anything above 100K, I'll start selling. Doing so I plan to bring x3 profit as my average buy price would be much lower than 50K while I'll sell on different slabs above 100K. There's no doubt I'll achieve it but the real question is how soon? It won't be worth if it takes 10 years. There are so much hype of 100K that I believe it should be achieved in next couple of years. So, I'll recommend you to keep buying.

  If you started doing this at the time this topic of saving Bitcoin little by little was made until now, I am pretty sure that you have saved a lot of Bitcoin, and somehow its value has doubled for sure at the current price of Bitcoin, right?

  But if you haven't taken any steps and you're just starting to save Bitcoin because of the bull run that's coming this year, if I were you, don't continue; instead, it's better to do a DCA with the alternative cryptocurrency. This is my advice or suggestion to you.

I think we often save money by insuring a five-year or ten-year term. But I would say you save money by buying bitcoins instead of investing in insurance. Over time that can give you multiple profits. You save money from your salary and buy bitcoins little by little. The market will be volatile but you will hold on.

Then focus on the responsibility which you are having to carry out and leave bitcoin investments for now everyone is skeptical about bitcoin movement the same way you are skeptical, that’s why the amount which you are suppose to leave in bitcoin is the amount which you won’t be using for now, and the amount you can afford to lose. You can’t be having problems to take care of and still be investing in bitcoin, it makes no sense to me, take care of your problem, and after doing that, you can then start investing in bitcoin. If you invest in bitcoin currently, don’t be surprised that it might start dumping.

If you are holding on because of the bitcoin price instability, I don’t think you will be investing in bitcoin, because bitcoin prices will not be stable, the only reason why I will tell you not to invest yet is because you said you are having some other responsibility to take care of, so just clear that first, then start investing in bitcoin. No matter how long you wait, then there will always be volatility in bitcoin.

Since you have family obligations, I don't think purchasing Bitcoin right now is the best course of action for you. However, I won't suggest that you neglect your family. The needs of your family should come first if you wish to invest in Bitcoin. Right now, I'd just advise waiting and starting your investments later when you think you are balanced and you don't have  much responsibility on your head again, in my opinion, will be the wisest course of action since, if you try to invest now, you might sell your Bitcoin investments later, because you may invest money you may like to use in nearest future to buy Bitcoin now, and due to Bitcoin price fluctuation you may at lose want you may decide to sell it.

I don't think anybody will advise you to buy now or not because of the price instabilities. You will need to do your own research because nobody knows what will actually happen with the Bitcoin price between this short period before halving. So let your own research convince you whether to buy now or not. But all I know is that if you want to store for a long period of time, I will say you can by now because the halving ahead, and that is a sign of a bull run. So as the price of bitcoin has not returned to the higher price of the last bull run, there is probably that you will surely make a profit.

You don't buy Bitcoin because you want to follow others. You need to have own analysis, don't just buy without any research. Sure, Bitcoin price probably will reach a new ATH but it won't suddenly happen. You must understand that it also has no guarantee that BTC can pass its last ATH in every bullrun season. Although in the previous seasons it always created a new ATH, we don't know whether it created a new ATH or not this season.

It is possible to have a new ATH at the end of 2024. But you must have a second plan, how if it won't reach the ATH this year? You also need to understand that having Bitcoin won't always to give huge profits. If you always hold and doubt to sell the Bitcoin during the bullrun season, you even fail to take profits. It is not a fake story, there is some people who failed to sell their Bitcoin in the last bullrun season. So, the next bullrun season can't guarantee you to be rich person, mate.  ;)

I give people some ideas. Look at when this thread was made and what the date is now, if you look back at that time just do what you have to do like buying what you've got on your mind. That money was well spent and you even made a decent profit at the present time.
But if you didn't do it, for sure that you've spent the money already and you are still thinking now if it's the right time to buy, and I tell you again, look forward somewhere in the future and think of the same question and scenario back then.

whether you are a trader or investor, you must have a good strategy for investing in bitcoin, the DCA method and the buying the deep method for accumulating capital have been widely discussed, you must have a definite goal to succeed in investing in bitcoin, as well as when you trading bitcoin because of a goal that will definitely make whatever we do in bitcoin run smoothly.  if you are a trader then continuing to actively trade and also deepening your skills in trading is a good thing, while if you are an active investor, buying periodically and holding for the long term is also a good thing, the choice is yours. 

Price volatility is not the big deal, the big thing is investing in your DCA system. If you can invest in DCA method every week or every month then it will be the best method for you. I was once very interested in investing in bitcoins like you but I had no funds to invest in bitcoins. Now I am doing something by earning bitcoins and besides physically I am supporting my family by earning physically and I am investing in bitcoins that I earn from bitcoin forums. I am currently investing using DCA method my invest is growing overnight and my investing has become much easier.

When it comes to acquiring of Bitcoin, the DCA method is actually the best among all because their is never a good time to buy Bitcoin than now. I really do believe that we are still in the early days of Bitcoin, so more growth is really been expected from it. Just try even if it's $5 or $10 weekly or monthly, anything you can afford, just make sure you DCA into Bitcoin now so you won't regret later.

Futures trading? I dont think so and this is something that cant really be that recommended specially if you dont have that proper or enough trading experience yet you would really be just basically be
busting up all of those coins that you do have or investment on the time that you would really be messing up or did make a bad decision specially on higher leverage trades. So i do tell that i would really be opting
out this kind of option. If ever you would really be tending to get involved with trading then i would really be that recommending on doing spot rather than on futures, it is really just that similar to gambling
on trading form but if you are really that eager on earning that big on fast manner then this would be an option but of course risks is really that high.

Basing up into the condition of OP, then always put up into your mind about investing on the amount on which you can really just that afford to lose. If you cant bare up with the price volatility
then better stop, if you cant bare up with the risks then better stop but if you can handle out such extremities then proceed and go ahead yet we do know
on what those opportunities that it could possible give on.

I think if you are concerned about whether its still a good time to invest, you should also remember that there's always some opportunities along the way to invest, basically i've seen the price dipping quite sharp enough that it opens up opportunity to DCA as well as just outright investing all capital and expect the price to recover within few hours.
its never late to invest in bitcoin honestly until bitcoin truly hits all time high then maybe you should think about refraining from investing but even then there's a chance that the price would keep going up anyway.
so therefore if you can try to find some random dumping it might be good entry for you.

Collecting Bitcoin using the DCA method is indeed very good, if we can do it consistently, of course we will be able to get a profit from the investment we make and it is also very important that we do it with an amount that we can afford to hold for a long period of time to be able to profit from it. the investment we make and we must start immediately if we want to enjoy greater profits in the future.

If we have enough funds that are not used for any needs, it would be better if we invest and can hold them until we reach the profit we determine, of course this will be better than saving money without making any profit.

So true. And actually, even in an upward trend, there are always price drops or corrections that can be taken advantage of. It's just that whether or not it is the right time should be based on what type of investment a person wants. If it's for the long term, like 5 years or 10 years, maybe it's not too late to keep accumulating from now on. But if it is to invest until this season's bullrun then I personally have reduced my accumulation amount. I only added when a big correction occurred, such as when there was an issue that the Bitcoin ETF would be rejected and Bitcoin fell from 45k to 40K and well, at that time I returned to accumulating enough bitcoin. For now I have stopped returning to accumulation. And prefer to invest a little of my capital in several altcoins that might have good potential this season.

   Just like is often mentioned by most communities in this forum that the best tool to use is DCA because it can be used in any cryptocurrency or bitcoin as long as you are sure of the potential of the coin or token you are holding.

   Because if you make a mistake with a token that you hold that you thought would give you a huge profit, the dca will appear to be irrelevant, and you will spend effort and time holding it in reality.

Next time before you reply to a post, maybe you should read it insightfully, it might save us all from unnecessary replies. I have helped you bolden the personalised first words, maybe you can now see the light to what I said. I never told the OP to do as I did, but just told of what I would do if I was in his shoes. This is based on my experience in futures trading, and if the OP is experienced enough, why not?

But it has to be absolutely decided by the OP at first to know what is good for him and what is not good for him, no one is compulsory anything on anyone. Besides, stop entertaining weaknesses, there is nothing wrong in learning what you do not know, entertaining too much fear will not let most people achieve their maximum potential since they could have outrightly condemned their ability even before giving it all their best to try. Those who are earning in futures trading don't have two heads as well, and personally, I try my bit here too and it is not out of line (if at all I mentioned it) to even encourage people to try more if possible they can make earning through it.

Now that the price of Bitcoin has increased to $45,795 in this new year, you have to wait for the price to decrease to your satisfaction before you can buy Bitcoin but if you have the money and you are hunger to invest the money on Bitcoin in this new year, you can buy and store them for future purpose. If you what to look at responsibility you are facing in your environment, I don't think you will be able to embrace Bitcoin in this season, but you can invest what you can afford to lose. Based on your plan strategy, if you can keep to that monthly investment without stopping through out the year, I think you will not regret using your salary to invest in Bitcoin monthly.

Depending on your income monthly you know how much you can spare at a time to be able to still meet up with your house hold needs so it's UpTo you to making choices in-between how much you can invest daily, weekly or monthly you can DCA and that will definitely help you a long way to investing while still have enough to take care of yourself and other needs that may arise.

Keep buying in units and start now as if you keep waiting you may not have a best time to do it but then if you start now you will definitely get to the point you will would have accumulated a lot.

YES that's right, if the OP wakes up to go online on this forum, then realizes that he has made this thread, of course he will be faced with two choices, either happy because he has bought bitcoin at a time when the price is uncertain or sad because he closed the choice maybe because of a lot of fud at that time, hope is always there, especially in bitcoin, the recovery is not so long from the surge that stays at the current price is quite stable with time continuing to grow. Buying bitcoin is like buying rice / basic necessities because the price is not an issue if you look at the past. Prioritizing function, market share and good opportunities like bitcoin today.

If only we can see the future, many people will not make mistakes about their investment plans, they'll make the right decisions because they already knows the future outcome. I hope that you went ahead to keep buying and holding Bitcoin till now, because if you do that means that you've made a very wise and profitable investment decision. Bitcoin in it's nature is volatile, so even if there's price instability for a while, experience shows that it'll overcome it and start to pump or dump. With the anticipation of the coming bull run since last year should've been an indicator to you that despite Bitcoin price instabilities then that along the way that it's price will continue to rise because of the coming bull season. If you stopped then it's not too late now to start as price is estimated to hit $100 by the end of this year.

We need to keep buying reasonable tokens in the market and not over buy tokens that have reached their overbought limit.
This is one of the things we need to look at and also checking the market chart of the token we want to buy so that we don't end up buying tokens that are already dying gradually. The market is volatile and we could buy tokens that would go up and go down anyhow.
Pump and dump tokens is one of the projects we need to ovoid unless we want to gamble with them.

Agree, although I feel buying Bitcoins is always worth it in the long term regardless of the price you buy at.
If you are investing in a coin like BTC, ETH, BNB who have tech to back up the coin and a big future, then buying and storing is worth it. The number of coins in my good book might be very lesser compared to most other people here but it is kind of my strategy to minimize losses against altcoin investments. Holding for long term will not hurt any investor only when you are good with your due diligence.

If you are buying tokens like memes, or tokens built on an existing chain like ETH, BNB, etc then I would suggest to just sell them when the market is pumped up and secure the profits.

Keep accumulate bitcoin in weekly or monthly depend with our income firstly, get support good financial easily keep accumulate every week or months how ever bitcoin current price up and down keep profitable for long term investment. But face difficult with our income not have many option how accumulate for investing in bitcoin every week or month but our financial not support yet to spent few percent of our salary to invest in bitcoin.
Have working hard and doing all side job for accumulating bitcoin every month, I have try spent more than 12 hours working in daily to get another source income and purchase around $400 in monthly for bitcoin investing.

How much your purchasing bitcoin in weekly or monthly every one?

If you can maintain consistency in your investment using the DCA technique even though the price is not stable, we can learn from the past where the price of Bitcoin was very low and let's see now, currently there are many predictions about BTC will soar high in 2030, that means a lot people are sure about it, even big people, it's just that the DCA technique must be very patient and not be tempted to sell when the price goes up, sell after your target is reached

Even seeing the price of bitcoin which is now strong at above 40k is already an extraordinary thing for me, who is still a new holder. I also did DCA and I reduced my DCA amount when the bitcoin price reached 45k. But every time there is a correction I will accumulate it again. And I am personally grateful to have become acquainted with the accumulation strategy with DCA. Because without DCA, maybe I would be someone who gets FOMO easily and immediately puts in all my capital at once. It's a good thing I've known DCA since the bear market started. So my average bitcoin purchase is low at the moment. Even though my initial bitcoin accumulation was actually quite high. And yes, I also believe that the rise in bitcoin in the next 10 years will really make me smile.

I think there is a lot of difference between a quiet time trader and a long time one. I find the DCA method very effective for short periods of time. Buying the total in several steps reduces the purchase price of the token significantly. It has the potential to time the market pump. I myself got stuck many times trading without DCA. But later when I got to know the method trading became easier for me. Now I am less likely to get hurt.

I think, from what he said, maybe the method he wanted to use was the DCA method itself. It's just that he is unsure about the price of bitcoin, and still has responsibilities towards his family. The only way to invest using the DCA method that he has is to consistently divide his salary by several percent to invest while realizing the risk that the value of the investment he owns could have a low price. That way, he can still meet his family's needs while investing while being aware of the risks involved.

yes, investing money in bitcoin it is good way to make your bright future. yeah and your investment must be for long term because btc will increase multiple in the future,
i don't deposit and holding much money in the bank because there is very little incentives, so my plan in bitcoins and i investing weekly and monthly when i can afford.

you are good enough to have half a bitcoin, I don't think that's a funny thing, you can save and invest while thinking about your family, I think some people will also be amazed by you, some people who already have family responsibilities will find it more difficult to invest. but you can still do it.

If you want to apply to save in Bitcoin in the long term, even for years, you should not pay too much attention to the price every time you buy it because that will only tempt you to sell it. From my observations, Bitcoin is still able to pump up prices beyond our predictions, even though the price is now it's already quite high but it's still possible, if you believe, do it you will see the results a few years later

I don't think that's a good idea since you won't be serious about buying if you expect the price to fall, but whatever the price is, I'm confident it'll be lower than the current price. And, since we're all waiting for the bull market to begin, if you have money, buy now and quit procrastinating since the price may not fall, which is what most people don't understand. And there is no way you will invest in bitcoin that you will lose money if the person is actually ready to have patience.

And I see a lot of folks that want bitcoin but are constantly waiting for the price to drop. For starters, invest what you can afford to lose. And you don't even have to have millions to contemplate investing. And having an investment is the best decision anyone can make at this point in time of there life. And if you already have you can add more to it.

You should buy and sell at a profit so there is no need to save for long. The best main reason is that the price of Bitcoin is unstable and if it suddenly goes down, your money will be reduced manifold so take care of your family first. In my opinion you should learn trading because trading can be done with small amount of money and even if the amount of profit is small, it creates a significant source of daily income. My service is if you buy $100 bitcoin today and sell it immediately if the price rises to $120 tomorrow.