Bitcoin Forum

I am still here to gather little knowledge about Bitcoin, I don't need enough knowledge, I can invest while learning Bitcoin, but the thing there is I am shuffling my self, so I will not be tangled while I am accumulating Bitcoin, I have come up with a plan of using the DCA method to accumulate a $50 monthly, my monthly payment from my job is $300, if my expenses will collect up $100 then $50 can be kept in crypto (Bitcoin) and another $100 for emergency funds then the remaining $50 can also be kept for personal things. Now is the best time to buy Bitcoin, I am not in a hurry to start investing Bitcoin, when the time comes for me to invest nothing will stop me to invest in BTC, as Bitcoin is not something I will start today and get rich tomorrow that is why I don't want to rush in to it. I will use electrum Bitcoin wallet to save my coins because I have learned so far that the electrum wallet is a safe wallet for any investors that what to hold Bitcoin for long, so I will be using it to hold my coins when I buy some Bitcoin, I will update when I buy my first BTC.

Sounds like a plan... The only tip i'd give you is to look into running electrum on an airgapped machine... If you are going to convert around 1/6th of your monthly income to bitcoin, it'll represent a big part of your funds, and it might be a good idear to keep it as safe as humanly possible.

you'll need this (official) electrum document to set this up: https://electrum.readthedocs.io/en/latest/coldstorage.html
I'd also suggest to test non-"default" setups with tBTC before actually using it on the main chain, that way you can make sure you know how everything works

Cold storage is better or use Electrum multisig wallet if you have two devices.

You can DCA bitcoin now when the price is low. You will see profit by 2024/2025. But if you see the price decreasing, do not sell for you not to sell at loss and for you not to regret that you sell because the price of bitcoin is going to increase and get the ATH.

It is good to know you assign part of your income for emergency as you will never when you need an emergency fund.

You can imagine about your Dollar Cost Averaging progress with this website and input your $50 monthly DCA fund.
https://dcabtc.com/

When you are using DCA, there is no best time. Because by saying best time to buy Bitcoin, you are trying to find bottom price, timing the market. It is not how a person is using DCA think about the market and his investment plan.

Back to your $50 monthly DCA fund, you will have to do like 3 to 4 rounds of DCA before withdraw your bitcoin from an exchange account to your non custodial wallet. Withdraw your coin to your wallet when you see withdrawal fee is good enough for you.
Reminder: do not keep your money in online accounts (https://bitcointalk.org/index.php?topic=5421039.0)

You have presented yourself at the right place to gain knowledge about Bitcoin, and I hope your plans comes true soon. Since you don't have much experience in investing till now, you need to take some more time before investing and learn well. If you are random at the moment, don't participate in the investment but get yourself together and invest later. If you are earning $300 a month from your job, I'd say that's a good salary for you. If you save $50 from here, and spend the rest on your family or personal things, your daily life will be well served. Invest BTC in the fund when you have enough money to buy your bitcoins, it will be the best decision for you. There is no golden opportunity to buy bitcoin, rather you can buy bitcoin from any market from anywhere for long time investment. By buying bitcoins you must hold for a long period of time only then you can become rich, moreover you should always keep in mind that you will not get much profit after buying bitcoins. Anyway, since you have taken a great step, I hope you get this done soon. Also, when you invest you must use a secure wallet, you can use Electrum Bitcoin Wallet it will provide you maximum security.

It is a lifestyle more than a plan. You will try by all means to reduce your spending in the coming months and invest in Bitcoin, but if there was a way to invest once and then start paying later, it would be better because within less than 5 months to 7 months, the price of Bitcoin will be between 40k to 60k, which is almost a double increase, and there may not be enough time for assembly.

We cannot advise you much because we do not know the circumstances of your country and the savings allowance, but create an airgapped machine and keep several copies of the seeds (one of which is metal).

Hi buddy, First of all, I will welcome you in this field if you are a newbie in cryptocurrency. you can learn a lot from the BTT platform as there are many seniors who share their own experiences in threads. By reading those threads you can lean a lot and it will groom you as well in the cryptocurrency field. I am sharing a thread where a lot of users is discussing about bitcoin accumulation and the DCA technique. Buy the DIP, and HODL!  (https://bitcointalk.org/index.php?topic=5132720.0.html)

I would suggest you if you are a newbie in the field of cryptocurrency start it doing from Bitcoin Accumulation while using the DCA Technique then do DYOR which is also good for you to understand market sentiments. Investing in other shit coins is not good for you at the start I'm sharing the meme which i designed it on my own from this you can take an idea of how actually be happen to you while investing in other shitcoins instead of Bitcoin

You have a good plan, you can even invest with a lower amount if you feel that $50 monthly is above what you can afford to lose. Take note as well that despite the fact that electrum is a well reviewed open source wallet, it isn't secure by default, you have to store your seed phrase well and have more than one backup of it, if you use your Electrum wallet online, it can be compromised, and if you also lose your seed phrase, your wallet will be compromised. If you continue with your dca plan and your funds get bigger, use Electrum on an airgapped device or buy a hardware wallet for better security.

If having an airgap device is impossible, another choice is using Electrum with multisig wallet that is safer than a single signature wallet.

Creating a multisig wallet with Electrum (https://bitcoinelectrum.com/creating-a-multisig-wallet/).

Single signature or multi signature wallet, verify Electrum wallet file before using it to set up a wallet.

[Guide] How to Safely Download and Verify Electrum (https://bitcointalk.org/index.php?topic=5240594.0).

I think using Electrum with multisig wallet is safe enough for our bitcoins, if someone has difficulty purchasing a hardware wallet. Electrum, airgap devices, or hardware wallets, none of them are absolutely secure, the safety of our bitcoins will largely depend on ourselves. Before owning a hardware wallet, I used Electrum for many years and I never encountered any attacks or problems with it. In my opinion, it all depends on us, we don't need to make things more complicated. And I also want to confess something, I still prefer using Electrum over hardware wallets, maybe because my habits haven't changed yet ;) ;).

I don't know where you live and what kind of finances are required there, but in general, $100 for monthly expenses isn't enough for anything, even for a developing country and even if you don't have to pay the rent... Are you confident that such a low amount of money can cover your basic expenses?
Electrum's a good choice and DCA is a good strategy, but I'm concerned what kind of life quality you can have with $100 per month (it's good there's also $50 for personal stuff, but that's still very low). Also, in that case, I don't think you need $100 per month for emergencies.

I hope you will not feel bored and want to earn instant profit when the money you invested in Bitcoin isn't yet growing. I will not limit you anything because this is your first time to buy Bitcoin and using DCA strategy. Sooner or later you will know if investment is good when you earn good amount salary.

You can't see a bad day in your calendar, that's why preventing in order to make you prevent to get hacked or compromised is better than just safe enough.

Nice plan but dont invest money you are need on your spending everyday or you need in your life. Investing in bitcoin is not necessary, investing is quite risky and you cant expect to profit from buying bitcoin monthly. Its a long term goal that you might enjoy in the future or for longer years to come. Only buy bitcoin if you have extra and dont pressure yourself to maintain buying it that it could compromise your budget.

Probably because you choose too much comfort than the little hassle with hardware wallets. But electrum can be equal to hardware wallets if they are properly airgapped and never comes online. The seed getting exposed to the internet is the major advantage the offline wallets like Hardware wallets have over the online ones like electrum so airgapping it and just having it on a phone as watch only wallet breaks that barrier. Just like you also said the importance of securing your seeds or keys should not be over emphasized, while doing so one shouldn’t use to many ways of securing it and causing redundancy or getting it complicated like the colorful seeds does


It definitely depends on the country, the $100 is almost like 3x the minimum wage workers of some countries earn, so that should at least cover a little and if not he can just fall back to the other $50. The $50 is just like 17% of his monthly earnings and that’s not bad but as said he should be obliged to buy every month with that amount, there are months that OP can reduce it or months that he can go above that amount. It just depends on the amount he thinks he do away with that month.

If the OP will buy BTC through CEX, then the miners' fees have nothing to do with what he will pay when withdrawing his coins to a non-custodilal wallet, considering that he will have to pay what is actually called a service fee. Of course, in order to save on that fee, it does not make sense for him to make individual withdrawals for such small amounts, so he will have to take a certain risk and keep what he buys on the exchange.

The alternative would be to try to buy BTC on one of the decentralized exchanges, which might be the next move when he understands a little better how things work.

You figured it out with the careful breakdown you presented, OP. I love your enthusiasm and I can say it is very achievable.
From my stand point and with the experience I have had with money, setting aside $50 for an investment in BTC might seem okay, but I can assure you that it might look like alot when you start committing to set aside this amount regularly.
What's to note is that if you aren't taking care of a family and no serious responsibility, to approach with caution bearing in mind security concerns and how to keep your seed phrases properly is the final step to this your great plan.

It's nice that you're starting your crypto journey with bitcoin. Many people get discouraged by the price and think it's better to buy a coin where you can get x number of "full" coins, instead of buying 0.001 BTC, but it's a wrong assumption. $50 allocated into any cryptocurrency is still $50, no matter if they'll give you 0.1, 1, or 100 coins for that. The only difference is that with bitcoin your funds are safe, as long as you hold the keys. With altcoins you can even see 99% loss, while for bitcoin a 10% move is a large one.

Stay safe, hold bitcoin in cold storage, if you have any questions post them here, just remember that there's also a search function that will help answer most of them.

I like the plan you had made. I also think that you have enough knowledge on what to do in accumulating since you plan to use electrum to save your coins. I know that the expenses aren't non negotiable if we will change your plan but if I'm on your situation, I will reduce the emergency funds to $30 and put the difference into investing into bitcoin. You don't need to have a large boost on your emergency funds since I think that the $100 on your emergency fund will last you a month without any income. Though this will depends if you know you will still have your current stable job in the future. You can still change your emergency funds depending on your target maximum amount to be saved on emergency funds.

Quite interesting to learn that one could live with 100$ a month. Here in my nation it takes as high as over a grand to live per month, obviously there are people who live with less, but never heard of anyone who could ever live with 100 dollars before, not now and not before. And not like I am from some rich nation, I am from Turkiye and we are not leading the world in econoımy neither, certainly not the poorest nation neither, wherever you can live with 100 dollars a month, that seems like the cheapest nation in the world. But overall, if you could save about 50 bucks per month on bitcoin, and do that for 20-30 years, you are going to retire a wealthy person I am sure of that without a doubt.

That's a method I have been using for a long time now; accumulating it as much as I can every month. I don't have a particular amount , it just depends on my sales and profit for the month, because I'm a self-employed and I run my own business. So depending on what profit I have made, I just bring a percentage of it that I think is okay and invest it in Bitcoin.

This is a very good plan. But it's even better to hear that even if your salary is $300, it only costs you $100 per month to live in your country. In this case, about two-thirds of your money is saved. So in this case keeping $50 per month in crypto will not be a problem for you. on the other hand DCA strategy will also be adopted. If you implement this plan it will bring you a better future.
But before investing in crypto the first thing you must have a good understanding of is choosing a good secure wallet. Which will allow you to hold crypto without any fear. In this case Electrum can be a good choice

Right now bitcoin price is at a very good level, maybe it will go down a little further but, in my opinion, any purchase below $30k is great. Regarding Electrum, that would be a hot wallet, you must be very careful, if I were you after a little while, when you have purchased more bitcoins, I would make the effort to buy a cold wallet, in that way you are safer. Best of luck with the DCA!

Looks good but you have to be very consistent. Well, Bitcoin is a world where peeps get started with huge motivation, sometimes from valid sources and sometimes out of thin air. They really think they would go and lock Bitcoin for the next 5 years but usually, many break apart when they see Volatility is a real bitch in the world of Bitcoin. Peeps start selling off below their buying price, and some start FOMO actions during a hyped market.

I hope your plan does add up all these events. You should clearly make plans about what would be your reaction to such crazy events. Specially look after halving. It's coming next year and things gonna get either ugly or beautiful. The fact that we have no idea what would happen makes it a more fun investment in terms of Bitcoin. Anyways, be long-term holder, good luck for making millions. :)

Is that a mistake or you don't mean the latter where you said you don't want to rush or you are confuse?

I will assume you want to start investing in bitcoin and it's a great decision that you know how bad is to keep your bitcoin in centralized exchanges, don't ever do that because not your keys, the bitcoin is never yours. The best is to get a hardware wallet but I'm not sure if you can afford that though but it's more safe if you keep your bitcoin in a hardware wallaet. Alternatively, electrum is not a bad idea, download your electrum from the official website and set up the wallet and generate seed phrase, make sure you back up the seed phrase in a safe place you can always remember. Generate a wallet address, copy it and be sending any bitcoin you buy monthly, with time you will be accumulate more of it.

Just some Tips:
-Don't keep your bitcoin on any exchange for any reason.
-Don't share your private keys or seed phrase with any one.
-Make sure the wallet is encrypted with a password so that no can access it incase they have access to your device or PC.

I think if you can afford to put $50 through DCA, then you can obviously afford a hardware wallet. Electrum is the most reputable wallet in the market or crypto world for saving Bitcoin, but if you want the maximum security, then I would always recommend a hardware wallet. As you have said that your monthly income is $300, and you are willing to put $50 every month through DCA I really like that idea but if you ever face any difficulty putting $50 in your monthly investment then you can always lower it because in Bitcoin investment there is no minimum or maximum limit. Make sure to take care of your personal stuff first and then put your money into Bitcoin. As you have already said that Bitcoin is not overnight quick money scheme, so you know it well. That's why if your target is a long-term investment plan, then you can always put less amount. But that's up to you. If you can manage your daily life and then put $50 in investment, then I am sure in the long run you will make a great profit.
Only few months left for the next bull run. You are doing a great job accumulating Bitcoin through DCA. So good luck to you. Not a professional financial advisor, so make sure to do your own research before investing. If you think you are good with your plan, then you should carry on.

The plan you just explained is not a bad plan, $50 from your $300 salary to invest in Bitcoin is about 16.67% of your salary and I don't see that as too much to invest monthly in Bitcoin. But while you plan to invest that amount, make sure you're comfortable investing that amount without it affecting you expenses. It isn't about how much you invest in Bitcoin but make sure you're comfortable investing that amount and it's your spare money that won't unstable your expenses if the market doesn't give you profits instantly. Now is the perfect time to start investing if you haven't started already because we're still in a bear market and the price of Bitcoin is still very affordable.


For long term investment, hardware wallets are the most recommended but your choice of using electrum wallet isn't bad provided you're still a beginner and not investing too much into the market and can also take precautions measures to ensure that the device you'll be using don't get compromised. Electrum tick all the box for an ideal bitcoin wallet for holding except it isn't a hardware wallet and that's what you'll need for storing your Bitcoin offline and putting the security of your coins in your hands. You don't need to update us when you buy your Bitcoin, prioritize your privacy because we don't know who's online watching you.

It's easy to plan like this but to make it reality is the problem OP. you can start saving that $50 per month through out the year but at the end when you are about to use the money to invest in BTC and the price is high in a way you can't try to buy BTC from the market than to wait for the price to depreciate before you can buy,and something happen that will make you to spend all the money. Don't wait until you gather all the money before you can invest in BTC, but you can start using that $50 or $100 to buy BTC to test yourself to know if you will be able to hold long or not before you will plan to increase the capital when the price is low, and that is the best time many BTC users prefer to buy and continue holding till the price of BTC reach $80k before they can sell to make profits.

That seems to be a credible plan but can you afford to live with the remaining funds out of those investments that you're planning to do? $50 from a $300 monthly salary is around 16% of the entirety. It seems not high for most but with your wage, it's quite high. Well, I think you have already assessed your way of living and this is really an affordable plan that you can do. You have also given the other plans you're about to do and that's commendable to you. I am looking forward to your first purchase and that's just the start of your journey, you haven't officially started but if you will follow this plan, we're all on this journey and we all going to make it even if the market is sometimes brutal to everyone.

Making this bitcointalk forum a medium for finding out about Bitcoin, I think you are in the right place. Investing in Bitcoin will always be a good thing to do even if you are still planning to invest in Bitcoin the way you want to do it. Choosing Bitcoin to invest in is a choice and not a compulsion.

By trying to learn Bitcoin along with learning to know where to store Bitcoin, which is called a wallet, is a basic thing that anyone should do before immediately jumping into investment activities.
Electrum is the best Bitcoin storage wallet for you to use after receiving Bitcoin from your purchases.
Also learn more seriously about how to use a wallet properly and correctly, even if the Electrum wallet you use is good, it can cause Bitcoin to be lost due to hacking.

The plans you have to invest in Bitcoin are good plans. I am happy to see you do as you just said whenever you are ready to invest in Bitcoin. However, since you are using an electrum wallet, it is a kind of saving wallet for you to hold your coins as long you are not storing millions of BTC in it.

$50 from your $300 will remain just $250. Can you make good use of the remaining balance ($250)? Well, I believe that before you came up with this plan you had already set everything in place. However, if
You constantly save $50 every month, and if you keep accumulating for more years, like 5 to 10 years, you will get big profits. Although it is not an easy task, I believe you can do it if you keep to your word.

Basically, the better our knowledge about Bitcoin or crypto as a whole, the better our preparation will be when we enter the world or the crypto business. because there are many things that are high risk in the crypto business, not only in how or what coins we invest but also where we should store them, how to buy them, and what they should be like so that we avoid scammers or various frauds that very often occur in crypto world. equipping ourselves with good knowledge from reading various news information, knowledge from various sources and learning from various existing experiences both from ourselves and others and then collaborating within ourselves will be much better for our preparation. so at least we have equipped ourselves. However, our main awareness is to invest in Bitcoin. At least we understand that Bitcoin is much better than investing in altcoins which still have a higher risk.

Bitcoin is indeed the best for investment, both long and short term, especially when we want to accumulate Bitcoin for long time holding, in my opinion that is a very good decision. as long as we can still manage all the risks and can face whatever obstacles come our way.

If a plan has been prepared, it is better to implement it immediately. because sometimes it's just a plan but in reality it doesn't come to fruition, I'm proud that you can live on 100$ every month because in my country that kind of money is not enough to make ends meet, especially if you have a family.
Investing $50 in crypto is also quite big, especially now that BTC has a low value, for hardware wallet problems, like the others, Electrum could be a good choice.

I think with the basic plan start up I actually think electrum would be ok and it's seem that particular wallet is all the rage here in the forum and many users have come to have faith in it. DCA is best because it's very simple to carry out and it helps you accumulate without being stressed of thinking what going to happen if you don't actually have something to survive on because before ever you think of DCA you might have structure out what you are going to and how to go about yourself with expenses and your DCA planning strategy.

I don't see anything wrong with what you're planning; it's fine, and if you can start it now, that's great. If I look at your salary of $300 a month, it can be said that when you do that, you have something called self-discipline.

And I also noticed that you think in advance about your future; at this point, this attitude that you also show is a good quality in an investor. Just continue the DCA that you think about Bitcoin, and for sure, two years from now, you will reap good from the accumulation that you can do when the bull run season itself arrives.

OP has a better plan and a direct one at that, but can he put his self discipline to test? One thing is to say something and another is to do it. And all he said seem like he hasn't decided if he wants to start up this journey or not. With the way the market is I think is best to make a move rather than having a shakey decision making, with that $300 per month I feel he should go for it already.

You already have a plan, you just have to be self-disciplined and your commitment to implementing your plan is finalized, because the future now has to be thought about early, and your decision to invest in BTC is very correct. By purchasing at a cheap price during the bull run, you can get a profit from your previous investment.

The OP's plan seems decent enough. He's both saving for emergencies, a must in our everyday world, and investing at the same time. $50 per month may not seem much now, but you might be able to pull off a higher amount in the future. I don't know where you're from, but I'm understanding that $50 is quite a fair amount of money. You're making a reasonable start in cryptocurrencies that you can advance through this forum. You're still new; however, if you stick to it, rank up, and contribute, you'll have fair chances of entering a signature campaign and having a significant flow of extra income.

That's a good plan you have got mate, because instead of keeping money in banks that will depreciate in value with time, it's far more better you save your funds in Bitcoin which is likely to appreciate in time, and if only you could be disciplined enough to save just $50 monthly, in 2years time, you are sure of having $50×24= $2400, which is quite a good sum of money, and unfortunately if the price of Bitcoin happens to skyrocket higher after next halving, I assure you of likely making almost double that price.

Without commitment you won’t start, without consistency you won’t finish. Great idea and quite enlightening as I developed ideas for my own self too. However, please ensure to have emergency funds as this is one of the challenges that most investor have. They invest in Bitcoin and when something comes calling, they are forced to sell which greatly affects their consistency, hence ruining the whole plan. I know you mapped out some percent to handle your needs, make provisions for unforeseen needs.

Few points based on what you said:

1. Yes, you can investing while "learning" about bitcoin, but make sure you know what you are doing. You don't need to learn about the stuffs like cryptography or how blockchain works, but you need to know how to use a wallet, back backup and keeping it safe. If you don't know these, chances are high that you will end up losing your coins.

2. Sure, $50 a month isn't bad, but since your average salary is like $300, you might want to think again. But as long as you think it is find to put 20% of your total income in bitcoin, then sure go ahead.

3. You should stop thinking about getting rich in few days. You are definitely not getting "rich tomorrow" even if you start today.

What do you mean you don't need enough knowledge? Well, "enough" is subjective, but I consider the bare minimum to be "enough". By minimum, I mean the amount of basic knowledge about the what and why and how of Bitcoin and other information that guarantees you that your coins would be kept safe for the longest time possible.

Well, there's probably a little hypocrisy when you said that you're not in a hurry to start investing in Bitcoin. In the first place, we're talking about "investing" in Bitcoin. We all want to buy Bitcoin at a cheap price. You know, the halving is near, a spot ETF in the US might also be near, and so on.

The same goes with you saying that "Bitcoin is not something I will start today and get rich tomorrow". Obviously, by talking about Bitcoin as an investment, by talking about DCA, we're not particularly talking about freedom and control and whatnot. We're talking about making money, aren't we?

really? 100 dollars for monthly expenses? how much are you dealing in daily base? 3.30 $ expenses daily? do you really live with that amount? that is a single meal in my country .
but if you can manage to do that with earning 300 dollars a month then you are good in spending that 50 dollars for investing , since you need no big knowledge in bitcoin like what you said , then for what is the DCA all about?
you said that you are willing to invest while learning then better to learn from your own mistakes .

If you come from my country, are single and live frugally, then with 3 USD you can spend enough for yourself, a budget meal in my country is only 1 USD. In many developing countries, the average income is only 250-300 USD, so spending 100-150 USD per month is reasonable.

I think what he means is, he doesn't need a huge amount of knowledge to get started with bitcoin, just the basics so he can buy and hold bitcoin. He will then increase his knowledge while accumulating bitcoins each month. DCA every month and continue to improve your knowledge, this is not a bad idea for newbies. What's important is how long they can maintain it because it's easy to say but not easy to do.

Investing while learning is kind of like trying to run before you can walk, but I get it; you're eager. Putting $50 into Bitcoin now that you get paid $300 a month? That's dedication. I value that. However, here's the thing: what happens if your monthly spending go up? Will you modify your Bitcoin holdings? It's critical to have flexibility.

Electrum is indeed a go-to for many Bitcoin enthusiasts, but ensure you keep updating the software. An vulnerability could arise from outdated software, which is something you really don't want.

You're correct; Bitcoin isn't a means to become wealthy quickly. Your perseverance will undoubtedly be rewarded. Continue sharing and working hard; who knows? Many others on this forum might find inspiration in your path

Know when to purchase Bitcoin to fulfill your plan is very important to investors, because many investors will plan well from the beginning but they will miss it at the end by purchasing Bitcoin in a high price in the market, which it will not help them to make a passive income at the end of their investment. Now that the price is not good to invest in this season, because the price of Bitcoin has increased to $27,731 that is giving investors hope that the price will reach $40,000 before the end of this year 2023. Once you have the money ready just discipline your self by control your emotions to allow the market price to decrease down to where you can use your money to purchase huge amount of Bitcoins and hold to make your plan fruits in the future.

It's a good plan to invest in Bitcoin but if you don't start, it's just a plan. Everything requires action to get started because no matter how good the plan is, without action, it is still just a plan.

Using $50 each month to invest in Bitcoin is a great start. You also have to determine how long you want to invest, especially since there will soon be a Bitcoin halving where there is usually a very high price increase. Will you hold Bitcoin for the long term even after the next halving comes? Or you will sell your Bitcoin when the price increases very high. It has to be in your plan.

You need to be able to buy Bitcoin regularly every month because many people can initially invest in Bitcoin. But after a few months, they stop buying Bitcoin and forget about it altogether. You must be disciplined with your plan to achieve the target you want.

Sounds good, I'm also using electrum for years now and I've never experienced anything horrible about it.

To make your transaction cheaper, why not save for like 3 months first so it will be $150 worth of Bitcoin it you would convert it to save fees, but it's up to you though. I mean, $50 is already a big amount rather than hesitating to make an investment and missed a lot of opportunities when Bitcoin went bullish again. Just make sure you'll save your private key somewhere safe.

Also make sure that you run the latest version of Electrum, because new exploits gets bug-fixed in the newer version of the software. I would also not suggest that you buy Bitcoin on a schedule, but rather hoarding your cash... until there are a drop in the price.

The DCA strategy is good... but I prefer to buy coins when the price are low, so that I can maximize my profit when I sell it. The most important thing is that you are buying coins.... so you will be ready when Bitcoin goes to the Moon.  ;)

If you use this method, you will surely do well in the future. Save by understanding your finances, Save as much of your salary as possible. As you are a trader, you need to save from the amount of profit you get every month. I think you don't get the same amount of profit every month, but there is a rate of profit and growth according to which you can accumulate money for investment. When you can accumulate a good sum, invest BTC with your funds so that you can profit. You need to be aware of the volatility before investing and later hold your investment for a long time, but you will reap the profits.

You need to learn more so you won't draw this conclusion:

Electrum also does not help protect against device attack factors (viruses, malware, etc.) that interfere with app performance and careless users who store seed phrases and passwords in places that are easy to find or guess. If you don't learn from the start, you might not realize that your privacy is being leaked and in turn you will be late in securing it.

Depending on each person's income and circumstances, we will have different investment plans in bitcoin. So, I have no opinion on your plan because only you know what is best for you. But investing and accumulating bitcoin is not as simple as many people think, so I hope you will continue to learn every day to have a deeper look at bitcoin and have stronger faith in bitcoin. There will be many challenges waiting for you, I hope you can maintain your plan as long as possible.
https://imgtr.ee/images/2023/10/06/8b06ab560ee62e4bfe304e9688f238f7.jpeg

That’s a great plan to be honest for investment purpose. All the middle class working personnel should follow a similar type of plan. They should invest a certain amount of their salary regularly on any type of investment. Moreover if you choose to invest in Bitcoins, then it will be extra beneficial. Bitcoins are limited in number, hence regularly accumulating the Bitcoins will surely help when the price goes up. So according to me this plan is great for long term investment.

Well, that's only applicable and possible if you're living on you're own as you can handle to budget and minimize the number of bills like, less electricity by not using AC or electric fan for 24 hours, less water by doing laundry once a week, things like that cause it would be hard to budget that $100 if you are not living alone. I could actually relate to the budget meal prize into our country which is affordable at $1, if you're discipline enough there's would be always an spare money to invest.

But for the knowledge, I think it's still would be better if you do your own research and still attain information. Cause if you only stick to the basics, then it would be a problem if you're planning to have a huge investment soon. I mean there's nothing wrong with that especially OP is a newbie, since we all have different techniques and goal to achieve. Thing they only need is the consistency and discipline.

Do you consistently set aside $100 each month for your emergency fund? Shouldn't an emergency fund be a fixed amount, substantial in size? For instance, one might feel secure with a $1,000 emergency fund, with the remainder available for food and investments. With a well-devised strategy, it would only take about 10 months to accumulate this emergency fund. Perhaps in the 11th month, you could allocate the funds to both investments and personal rewards.

However, the above is merely my opinion, and it's entirely possible that individuals have varying approaches to managing their finances. You don't have to mimic what I'm saying, but if it provides some food for thought, feel free to consider it.

But how do you know when bitcoin will drop in price or if it will definitely happen? Everyone knows and wants to buy at low prices to get more profits but we all agree that bitcoin is unpredictable. No one can know whether bitcoin will decrease or increase tomorrow. That is also the reason the DCA strategy was born and is always considered the best strategy.

Like what's going on, do you think bitcoin will drop even more? And what is the lowest price for you to buy? Or do we start going up from here and never drop below $25K again? No one knows what will happen.

I just want to express my appreciation to you for having such faith in Bitcoin. With just three hundred dollars, you manage to live on one hundred dollars and still save fifty. I don’t know how correct it is to ask what country you are from and how you manage to exist like this. In any case, I want everything to work out for you. Learn the rules for storing and using wallets, and stay strong when Bitcoin faces difficult times.

Monthly buying is what I can suggest the OP. You should also try to upgrade your job to get a higher income, if required, learn the skills and get a degree, if possible because that is an investment for your own future.

Plan seems good but dont get disheartened if it does not work out. A lot of factors come into play, like in some months you might spend more on emergency funds or need extra cash to pay off some needs. Try to balance these with bitcoin buying.

Do try to improve the capital, that helps a lot. Secure your wallet and devices and never share private keys with anyone nor invest in any quick-rich-schemes.

I like OP's plan but you're right, it's great that we prepare a perfect plan but whether we can complete it is another matter. There is no success without trade-offs or we have to pay a high price, and reality is much harsher than we imagine. So I hope OP will maintain his monthly DCA plan with discipline and if there are any setbacks, he doesn't give up. Bitcoin is truly an asset, a potential investment, but whether it brings us profit or not is up to us to decide, bitcoin cannot decide for us.

The money for daily spending should never be used for investment purposes, many people like making these mistakes and they will be looking for profits to take in a few weeks, moreover we are in a bear market, the downtrend is more certain in this period than uptrend, it's a time to buy and hold for the long term.

Investment is not easy but we have to do it because we want better ROI, the road is not as smooth as some are saying, a month ago I was able to DCA using a good amount of money but this month is different, I have other things that I must do with money, so my DCA in this month is going to be lower compare to last month.

Always have emergency money saved somewhere, and make sure you won't be going back into your portfolio to sell your asset to sustain yourself, it's a wrong investment strategy, make sure you invest money you won't need for a long period of time.

Your plans look good to me because they are realizable. You have set out a portion of your income that will not affect your standard of living. I have heard stories of people who will say they are investing all their income or even going to the extent of taking loans or selling properties to buy bitcoin. I am also pleased with your plan because you are using the DCA strategy to buy your coin. This will make you spread the risk and do   Electrum is fine for now but you can consider buying a hardware wallet when your holdings have increased. I don't think you need to tell anyone when you buy your first bitcoin. Bitcoin promotes privacy, so learn to keep your financial life secret.    


OP already got a good plan for emergency expenses.

well, looking at the plan, it was a good plan. However, what is planned is sometimes easier than the reality. This plan will truly be felt when he does this continuously and sticks to the principles of the plan he makes.
However, many people fail because of FUD, or seeing the price of bitcoin fall, so they rush to sell the assets they have accumulated. However, I have a suggestion, if you want to do this in the long term, then don't even think about the price of bitcoin when things are bad and stay focused on your planned asset savings. When market conditions improve, or even rise, you can think about the next steps regarding your plan.

I'm very shocked to hear, that your monthly expenses are 100$. I mean really in today's world?  :D If it is right, that's amazing from your side. And also, you can save very much in the future if you are going by that method which you have expressed here.

Putting some money for the emergency is a goof thinking by your side, as I have been suffering from this for a long time, when I was trading coins, I was in full profit. But a time came when the bull market had almost ended and the bear market started, so there I wasn't a single money to help my family or to invest a where because I hadn't put some money for a very important emergency. So, your planning for putting some money into the emergency is quite nice. 100$ for an emergency fund would be a good amount nowadays, and that will help you in your bad times.

Have good planning for accumulating few percent of passive income to invest in bitcoin but in the reality we face many choose make us consistent or not keep investing in bitcoin every months. FUD and bad news sharing every time make us little doubt for consistency investing or accumulating in bitcoin every month but OP have good decision keep spent his fund $50 every month for investing in Bitcoin. Actually holder or investor is the winner at the end and OP have try to fight with how many FUD sharing every day and keep consistency for accumulating $50 every month to earn much profitable in the future when Bitcoin success raise to higher price. Need strong faith for long term profitable in bitcoin actually with small capital use for investing.

I can't manage well with my income every month, I have try to be consistent for accumulating bitcoin but unpredictable outcome make me still can't accumulate bitcoin every month but still invested depend on how much left of my salary after spending to the other needed.

It was good enough for sure, you did a great job still doing savings and emergency funds, most of the newbies investments just straight up invest everything on Bitcoin and cryptocurrency nowadays not considering how risky this investment is, its always a great thing to still have good enough savings since if you have something like that your not just gonna end up selling your investment if you get an emergency and you quickly needed the money.

Dollar Cost Average is a great strategy to accumulate for sure, 50$ per month was I think a good investment already as long as you are consistent with your investment, or probably if you have extra you could add more if you see the market price is dropping a few percentage then you could lower it down when the price is pumping so that you could somehow get a discount and lower your risk.

Its also better if you will just have other sources of income since you could avoid selling your investment, and lower your risk in case you get fired from your full-time job something like that you have another source of income if that happened you doesnt to use your emergency fund since you still have income.


In my country 100 per month is what I use just for my daily food allowance at work, just to be enough to buy lunch daily, it was kind of cheap I guess considering the inflation and high prices of food, etc.

Bitcoin had huge number of the application now,Some corporate also trying to take the adoption of the bitcoin.The Honda was claimed to be had their acceptance of the bitcoin.If you really was old person here,the most essential one you need to do is the hold your bitcoin.With my knowledge including myself use their bitcoin earning and trading to their personal expenses.Selling the bitcoin and convert to USD will bring you the temporary happiness.But it never help to uplift your life to next level.

I do love how you delineate your monthly income for use and the $50 monthly DCA might sound like a small amount but it's obvious that's what you've thought out that you can afford to lose for a month which is pretty cool. And did I hear you say something about not in a hurry to buy now? Oh there's no better time than now as much as you have the funds available each month from your monthly income. And while you invest plan on a long term DCA so should bitcoin price goes lower you don't have to worry because on the long way it would definitely shoot high. And make sure to keep your seed phrase safe using an electrum wallet if your seed get exposed to a third-party it's no more your  coins alone and that's risky.

The plan is fine, now in what you should concentrate is in actually putting it in practice and not make a dumb mistake that could cause you to lose your coins.

So make sure you download your wallet from the correct source and verify its integrity, keep your computer up to date and only connect that device online when you are about to make a transaction, and more importantly avoid shitcoins completely, as once you have invested in this market it is very easy for a newbie to think they can make more money with those coins and lose everything they have worked so hard for.

Based on your plan I guess seems really ideal because you don't hurry too much and chase too much with the money which is a common newbie mistakes this happens the market is still ongoing and the near halving is coming and for sure next year of 2025 probably is the green days of the market no one knows so accumulate as you can without pressure.


This is really the best thing invest in your security and not use an exchange as your wallet so you have secured funds with full authorization, sooner or later I recommend to you use a hardware wallet so you don't get overwhelmed with computer viruses.

The plan you have made is definitely a good plan. Before investing he must have a source of income to live his life. But you said you earn $300 a month from the job. Now even if you lose from the investment, you will be able to save your family. OP you said you don't need to acquire much knowledge to invest in Bitcoin, but if you acquire good knowledge it will be good for you. If you are going to invest in Bitcoin following DCA, your investment will be an ideal investment. The way you wrote your post seems like you are quite knowledgeable. You start investing, and hold for a long time.

Good luck on your journey with Bitcoin, the best thing for Bitcoin at the moment is the DCA strategy since prices are still considered good so far.
Since you say there will be $150 remaining from your monthly salary, I advise you to buy Bitcoin for $75 every month because this is a good opportunity before the big race for ATH begins.

If you are not here to collect information about Bitcoin, then you can benefit others with your information, because our aim is not only to collect information on this platform. Rather, you have to benefit others with your useful knowledge and experience. Of course, Bitcoin investment is considered to be the best investment at the moment and buying Bitcoin at the current price can give a good profit in the future.

In my opinion, if you have the capital you should rush to invest in Bitcoin right now. , because at this price you will hardly get Bitcoin again. Just like people didn't buy Bitcoin in the early days. Until now, Bitcoin has never had such a low price. Bitcoin is not something that will make you rich in a few days, but the longer you buy, the higher the price and the lower the future profits.

Everyone says that holding bitcoins is quite easy, that is only true if we compare it with bitcoin trading, but it is not easy, especially for newbies. If we lack knowledge and are steadfast with our plans, dumping when the market is flooded with Fuds is inevitable. So I hope OP tries harder to fully pursue his plan. No success can be achieved easily even if we start with bitcoin. You are right, bitcoin is a potential asset but success or failure depends entirely on us, not bitcoin.

You have a nice plan. But should you always be careful that you are investing extra money in Bitcoin?
In my opinion it is always worth investing the extra money here. Money for which you have no problem in real life. If necessary, you divide your total amount further and invest a very small amount here. Keep more portion for your real life and deposit the remaining surplus here for your future.

Same path in real life for genuine, trusted and long BTC holders?

Maybe this is where we should start? From the purchase of bitcoin. No need to write walls of text, no need to brag about the beginning of your “My bitcoin journey has started again (https://bitcointalk.org/index.php?topic=5469543)”. Just do it. For yourself, and not for a “report” on the forum or to brag to friends. Less words, more actions. Otherwise, almost every second newcomer here talks about his “great” bitcoin plans and the beginning of an “exciting” adventure in the world of cryptocurrencies and bitcoin. Don't expect praise or encouragement for this.

In investing it is usually within the individual's ability but it is a very good plan but before investing its strategies should be known well. Bitcoin the first and most well known cryptocurrency is undoubtedly the top choice for long term crypto investment. The main reason behind bitcoin's popularity is that investors believe the value of the cryptocurrency will increase over time due to limited supply. Most investors also believe that bitcoin will continue to rise in value as fiat currencies weaken. Can start with small amounts at first despite the extreme shock of volatility that crypto markets offer the potential for huge returns has lured many investors into the space.

Even if you are new to the bitcointalk forum, your plan is definitely worth appreciating. From a salary of $300 if you can save $50 monthly in bitcoins after all expenses and emergency balance then you will have $600 in one year and if you can save and hold bitcoins like this for the next 5 years then it will undoubtedly become a big asset. If you have the ability you can increase or prolong your investment if you want. Of course, this is good practice especially for holding bitcoins. Moreover, you chose Electrum wallet, it is a very safe wallet for long-term investment. I would say that as soon as you can work according to your plan you will surely succeed.

Cold storage is always better especially if your aim is for long term hodling without trying to withdraw your coins anytime. And since you are planning to do DCA, then why not start it now while Bitcoin price has not reached its new all time high. Bitcoin halving is fast approaching so never miss the opportunity to dive with some profits that time. You can start doing the DCA while you are still planning continuously.

Investment is definitely what fuels our existence in the market. I've mapped out my intentions in the system, not getting sidetracked by the present condition of the market, while continually focusing on the positions for a solid market entry. The system is perilous; I wouldn't recommend any trader or investor to enter the market based on trends; at this moment, we simply monitor price actions because they are an extremely fundamental segment of the market, propelling projects into bull and bear swings. Adopting an adequate effective strategy would be beneficial to the system.

It's long holder btc road

https://i.ibb.co/BKY03Zr/20231007-200946.jpg (https://ibb.co/rfXD06c)

Nice show of Image and yes , I can relate to this , as the crypto investment sometimes are easier said than Done.

But if you think of bitcoin as a dream, there may be another path for you. Because then there is no need for you to cross the road so hard. You just invest there and sleep peacefully. Like this photo you will cross the road in a helicopter (profit by investing in bitcoin). When the crossing is over (bitcoin goes up a lot), wake up and see that you have reached the point of success (investing profit).

You are free when you want to start with that plan but the later it is the more expensive the price, there is nothing wrong with that word but if your plan is well organized, think about an emergency fund before investing or together it is not a problem.

Planning is always a dream in Bitcoin, sometimes it is also difficult in the long term, but anyone can do it as long as they are consistent and a little patient while doing it, with the DCA method, one of the solutions for you to invest at varying prices is to find the average price later, then I hope you can still run it.

You need to think about it, if this has been done, storage is important and should not be exchanged as asset storage.

If you don't need knowledge to invest in bitcoin then what are you doing in the forum? Having knowledge is important to understand the difference between assets and liabilities. Some people buy expensive cars thinking this is their asset and they will get back their money by selling them when needed which is especially wrong. As long as you are holding that car it is your liability because it will lose value over time and have maintenance costs.

You can start investing in bitcoin right away but you need to have basic knowledge as well otherwise you will not be able to understand the risks associated with it. It's not like you start investing in bitcoin and forget about it. Other factors like how you can securely store your bitcoin, your profit target and how you are going to take profit in the future need to be considered.

Of course any knowledge before you do it is very important so that you don't make a mistake. And having knowledge about Bitcoin is the foundation you must have and even if you think Bitcoin can provide benefits in the long run, you must also have basic knowledge and understanding so as not to get lost.
And also before you get to know Bitcoin, you need to make sure that you understand Blockchain, which is the revolutionary technology at the heart of Bitcoin. And it is very important to know and understand the negative factors and risks that must be truly known and also know the solutions, and Bitcoin will be profitable for those who have knowledge, understanding and experience.

You have a very good idea.  And welcome to this field.  Even though you are new, you have shown a lot of intelligence in your words.  But you are new in this field so I suggest you take more time. Know bitcoin well. Know how to invest and when to invest.  So the amount of money you want to invest is less amount of loss. And since you have stable income and you want to invest by maintaining everything properly then I say invest!  Invest little by little and get enough knowledge about btc.

I think you're both right: if you just want to invest in bitcoin you just need to understand the basics, you don't need to be an expert because the main points of bitcoin are very easy to understand, if you want to learn more about what is under the hood then it's a different story, you need to get more technical but again, if you just want to buy and sell that would be pretty much irrelevant to you. At the same time you need to understand that investing in bitcoin is not an easy ride, many things happen all the time and you need to shield yourself from all the FUD. Some people can make it, others don't.

There's a saying, "Invest only what you can afford to lose". And that is what we should keep in mind before we invest. But investing in Bitcoin is different from the first investment out there because I see that there is little to no risk if you only know when the accumulation phase begin. For me, now is the best time to invest in Bitcoin because the price is still very low and based on my analysis, a bull market has started.

A very nice plan. If you are able to do this then you will be successful. Bitcoin is a strong asset and investing in Bitcoin is a type of strong savings whose value is increasing day by day and will skyrocket in future. The value of each country's money is decreasing day by day relative to the dollar, but the price of Bitcoin is constantly increasing relative to the dollar. Sometimes bitcoin price correction and some negative news lowers bitcoin price but this is not a big problem because bitcoin price recovers very quickly. So I appreciate your such a nice plan. You can implement your plan.

Yes bro you are explained a truth reality by your image. This is exactly what happens to almost everyone because at first the plan works for a few days, but after a few days patience is lost and the investments are wasted in panic. Success seems very simple when planning but when faced with reality the road becomes very difficult. This happens not only in Bitcoin but also in other fields. But the few people who are able to implement their plans are the real successful person. So before planning it is important to be sure how much confidence you have in yourself

Consistency is important in almost every thing that we do in life but obviously this should be apply for the good things only and not in the evil one's. It is normal for us people to lose our motivation sometimes but as long as we can go back in the right track, I don't see that as a problem.

We need valid sources more than motivation that only comes from thin air, so that we are aware if what to expect and we will stay calm during the storm. 5 years is a long commitment. I'm sure only a few are successful with it, but I think it's still valid if we will only sell some of our HODLings and keep the rest. We can also buy again at the dip to replenish the Bitcoins that we used up.

You have a plan, but that does not mean "success" sometimes the path to get somewhere takes years and in the end there are so many things that add up; family, personal development, etc.  So, If you achieve financial stability, it is icing on the cake.

Be careful with that premise of getting "rich" on the premise of simply having bitcoin.  You have to have a life plan that involves the idea of bitcoin.

Without being selfish, we must think about the collective benefit implied by bitcoin being adopted as a payment technology, monetary protection, etc.  And that may benefit us in the long term as a society but not individually, that is, being millionaires for having bitcoin.

DCA just seems to be the best investment strategy for newbies and people who are just getting themselves into crypto. It's systematic and it instill a habit that you can't help but fall under especially if you've done this on a regular basis already, plus it's not that hard to perform, or even hard to keep up with since you are the one deciding how much and how little you're starting capital must be. So yeah you can't say anything bad about DCA really lol.

What I would like to add tho, is to suggest that you also up your investments soon as you get a better paying job. $300 monthly is good enough but there's a high chance you'd get paid more in the future especially if it's a career you're making something out of. Push for it, and when you get better pay increase your DCA limit too.

The thing is, that's already a big amount of money that you are putting into investment in bitcoins and perhaps that wouldn't really hurt you that much if you somehow lose it due to the volatility because as you said, you are preparing to invest for long term. in other words, if you can fund your essential needs without worrying about the price of bitcoins in the crypto market from time to time and stress yourself with it, you are already winning because you can just simply wait for the bitcoin price to rise while constantly investing every time you get your monthly salary.

One of those easy but difficult things. Like you stated, its important everywhere, especially Bitcoin. Even when we work for it, life throws us curveballs, right? All of us lose inspiration sometimes. WE are human. Finding your way back is what important.

Using incentive alone isnt smart, in my opinion. In the volatile crypto realm, we need solid data to make decisions. Wow, a 5-year committment is a marathon. Many folks jump in thinking its a sprint and burn out. Selling part of your HODLings is a strategy, but the market is unpredictable. If everyone expects a drop, would it happen?

I think people who can stick hard to something can achieve success when the time is right. But if you start walking without having any confidence in yourself, you will never achieve success. We need to have patience to achieve success.  We have to keep going in the right direction, then we will see success. Those who start doing something without confidence in themselves will never see success. We should start the work with this in mind.

I am glad that a newbie is interested in Bitcoin investment and wants to gain knowledge about Bitcoin. Look bitcoin is not a quick rich scheme as you say you can increase your asset through your work. If you are a newbie DCA is best for you doing $50 per month will not disturb your finances and you are going smoothly I recommend you to do the investing monthly through DCA and don't stop your investment looking at the price of Bitcoin, Buy at the dump and then hold it and when you realized that you need money then sell it a good price but just take the profits and reinvest the base money. On this level, the Electrum wallet is best when you are growing up and have more bitcoins than any trustworthy wallet like the Airgape wallet but the Electrum wallet is simple and easy to use its security is very strong. So I recommended Electrum wallet

Good planning and discourse as well as a BTC purchasing strategy are also considered very appropriate using the installment system (DCA).


I think volatility problems are commonplace and OP seems to be ready for whatever happens. Yes. As you said above, the OP will be a financial winner in the future if he is focused and doesn't change his direction and thoughts, meaning his view is only on BTC, not his brain fiddling with other types of coins/tokens.

Action you can invest as you are learning is not bad but the problem is that do you understand the system of bitcoin, do you know that investing in bitcoin it doesn't necessarily mean that bitcoin will make you reach or bitcoin will give you profit aa you expected, remember that bitcoin is a digital currency that is decentralized and the price circulation is not something I know that increases every day or been stagnant in price, so investing in bitcoin their is every tendency that the price of bitcoin can decrease at any point in time, so bitcoin investment is something you will calculate very well before invest and secondly use your spare money for bitcoin investment.

It is good you are buying with the amount you can afford to lose,  according to what you explain when you buy bitcoin from your allowance you still have money for your savings and emergency, with this you don't have to be bordered about your investment or depend on it. Investing in Bitcoin npw that the price is still low is a very good decision to make for those who can hodl, the bull market is coming that will be so much profitable for early investors who bought bitcoin to invest . Accumulating bitcoin like you have said and never get panic and keep hodling will really profit you when the bulll markets comes.

Your idea is not too bad. I like your idea very much because there are many people who want to invest in Bitcoin but because of their financial position, many people think a lot before investing. But you are saving a little for your investment even in your small earnings. This is very encouraging to those who want to invest in low income and what I think is the best idea of investing in low income.

In order to invest here, it is important to have income as well as knowledge about bitcoin. Because I have seen many people in real life whose income is very high. But they have never invested in Bitcoin e. They have found other ways to protect their money.
So not everyone invests in bitcoin e. Only those who have faith and good knowledge about bitcoin always keep their bitcoin investment money separate from their money.

I think it is a very good strategy to start with. Invest whatever you can easily manage/ save; you can even invest $20 or $30 as well. Over time, you will be able to accumulate some amount of BTC, and you won't even realize it. At the end of the day, you will get profit from your investment, and if you want to hold for a few years, it will be excellent for you in terms of ROI. DCA is a feasible option for you, and yes use Electrum for BTC accumulation. You must not hold your investments on any exchange, as it is very risky, and you could lose your BTC.

It is true that if a person wants to invest in Bitcoin then he must have good knowledge about crypto. Even if you want to do well in the future, you have to spend time behind it. Although investing in bitcoins can change a person's life by earning good money in the future. According to you if a person has the desire but does not have enough money to invest. Then he should save some money from his monthly money and invest that money gradually. As @OP said he plans to invest $50 per month. If a person invests less and less in this way, then it will be seen that a lot of money has been invested. And hopefully life will change by earning good money in future.

You should probably start with figuring out what (hopefully realistic) goal are you trying to achieve by investing in Bitcoin and then choose the right strategy that is more likely to get you there.
If you want to hold for 10+ years no matter what, then the DCA is probably a good way to go. But if you're aiming in maxing up the profit on the next bull-run (expected around/after the next halving) then buying more as soon as possible (before the price starts going up) makes more sense than doing the classic DCA.
You yourself said that "Now is the best time to buy", and DCA is used when you don't know if it is or isn't a good time to buy. Of course if you can't afford to pocket out any larger amount up front, then there's not much choice but to buy regularly after a pay day.

Anyhow, best of luck and remember that BTC/crypto are really high risk investments, so sit yourself down and have a serious thought of how much are you willing to risk. Don't be a gambler.

That sounds like a good investment plan and yes you don't need to go thoroughly and learn about bitcoin like a computer geek, but what I suggest for you to learn more is how to secure your bitcoin in most safest way possible. Some investors forgot to secure their funds first because they are too focused on accumulating and learning the steps of how to maximize their profit. These same people are the ones who are susceptible to scam.
Though $50 a month may sound a small value but once accumulated it would become a large sum of money.
It seems like some of the forum members have already commented in the first page about a few steps and a few layer of security you can do to secure your bitcoin. I hope you will follow those steps and use the one you are most convenient with.

\Saving even below that amount is best than keep on waiting like many says to wait for perfect timing but the sad part is they missed the low and turns into so much high before they finally realized to buy.

The idea is actually quite simple, because anyone who wants to invest in Bitcoin for the long term, anyone can do so by separating the money they need from the money that will be used as their own investment capital for Bitcoin. Regardless of the amount of income each person gets for this, what is clear is that this idea will always work if we ourselves have the intention to make it happen in the simplest possible way and one of them is by separating the money for daily needs from the money that will be used as an investment.

Not everyone has the same desire in investing so people who do not invest in Bitcoin, while they have a very large income and know how to protect their own money are people who simply do not have the desire to invest in Bitcoin so they also should not be considered as the wrong person because basically they also have their own way of managing their own money. Apart from that, it could be that they are also hindered by their level of knowledge about Bitcoin which is still very little so that their trust in Bitcoin is still not that much and this causes their confidence in Bitcoin to still be very thin.

Additionally, I don't believe someone needs to be knowledgeable enough to start investing in bitcoin. Trying to gain sufficient knowledge before investing in bitcoin can result in someone missing out on some possibilities because, for beginners, gaining that much knowledge will take a lot of time. Furthermore, gaining knowledge is a gradually process, especially learning about bitcoin technology. Therefore, having a basic understanding of Bitcoin and the cryptocurrency market is sufficient for someone to begin their Bitcoin journey, in fact, someone will find it easier to learn quickly if it is already in the system, as this may even make them more serious since they will not like losing their money.

The greatest way to acquire bitcoins is through DCA since it exposes one to a variety of bitcoin values. The truth is that you should only invest what you can afford to lose. Consequently, buying a small quantity of Bitcoin each month is a really fantastic idea. I am aware that $50 is not a lot, but the reality is that for those who don't have much, losing that kind of money after putting it in for a while will make them mad. Although I don't pray you will lose your  Bitcoin but the truth is that anything happen.

The greatest time to invest in Bitcoin is always. As of now, someone is willing to hold it for a very long time, but if you have a target between short periods of time, like chasing a bull run, you must look for a good time to accumulate, especially when the price is low, like right now when Bitcoin's price is not all that high. I think that if someone is aware that Bitcoin won't make them rich overnight, then they can be free with worrying a little bit.
 

Your plan sounds good, and I agree with you on starting to buy and hold Bitcoin using the DCA strategy. In addition to that, I have another strategy that I'm using. If you don't mind, you can check it out at the following link:
https://bitcointalk.org/index.php?topic=5464708.msg62754648#msg62754648 (https://bitcointalk.org/index.php?topic=5464708.msg62754648#msg62754648)

Well, if, according to your claim, knowledge means basic and objective knowledge regarding investment in Bitcoin, then I agree with your position without hesitation. Because, in general, knowledge of the basic concept is enough for investment. Getting more knowledge is not mandatory for the investor, because finding knowledge at the time of opportunity and investing after that can deprive you of grabbing this investment opportunity.

And yes, if you mean that without basic knowledge, which has not been learned, or investment while learning, it is better in your position. If I have not misunderstood what you said, but with excuses, I'm not ready to accept your opinion. The reason is that if you don't have basic knowledge about investment strategy in the cryptocurrency market, that investment will cause you a loss instead of a profit. Can be more demanding to give. The cryptocurrency market is based on high volatility, which can also cause losses.

So it means to say that basic knowledge is also enough to invest. If you use whatever is needed according to the occasion and the circumstances of your knowledge, then the opportunity to gain profit can be ensured. The rest is my opinion; you can disagree.

I think OP refers to learning about Bitcoin. We all know how wide Bitcoin is, OP is referring to that and not only about investing in Bitcoin. As he planned to learn about it, he decided that he can invest while learning about Bitcoin. OP is still in the middle of learning so while he's at it, investing money would be a wise move. He will not missed out the possible trend as he will do not need to focus only on his investment.

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OP, Everyday is a learning day in Bitcoin, it will surely take a lot of time to learn more about it.
But as long as you continue and show your interest on learning, your efforts will not be in vain.

Your plan will be great if you invest accordingly. If you put one-sixth of your income into Bitcoin investment, it will show you a huge capital accumulation in half a year. If you are working for a monthly salary of $300, then if you save $50 equivalent from that, you will definitely have a good amount of money in your wallet. In that case you will get a very good bitcoin beach phrase when you buy bitcoins with your savings. Of course you should then use a good wallet to keep your money safe. That's why you need to use a strong wallet so that your funds don't get hacked. Of course, if you keep investing bitcoins like this, you will have a good amount of bitcoins stored in your wallet at some point. So I think if you continue with this plan, you can definitely make huge profits when Bitcoin turns into a bull market.

In your country, is it common for someone who is already working to continue having all their living expenses covered by their parents? Considering that $100 in monthly expenditures can be quite challenging. Or perhaps, is this merely a representation with the intention of highlighting it as a percentage of income?

In large European and American countries, the minimum monthly wage might be around $1500. If we follow the allocation you've suggested as a percentage, then setting aside $250 for Bitcoin would be feasible, I hope. This way, you could eventually accumulate the leftover portion of your monthly living costs to invest in BTC by the end of the month.

Commence the Dollar-Cost Averaging (DCA) strategy and do not lose sight of your financial goals. Every action should have a clear objective to prevent becoming too caught up in the volatile price swings of Bitcoin.

Are you from developed countries? Because if you come from a developing country, an average income of 300 USD is common. It may sound unbelievable but that is the basic salary you will receive when working 8 hours/day and most people will find a part-time job to increase their income. You can spend 100-150 USD per month if you live alone and know how to save for the future.

$50 per month in bitcoin isn't bad for OP's income, what matters is how long he can keep it up. Because if he has a girlfriend or is married, with that level of income, his plan will be difficult to continue.

Investing using savings (money that is not used to meet living needs) is a big advantage when the market is in a bad trend so we can wait much longer.
Of course that is the right plan, but in my opinion, knowledge about Bitcin must first be mastered before carrying out the plan so that you can make a profit because investing in Bitcin is not as easy as it is said, everything requires the right process and method.
Regarding security wallets, the first thing to pay attention to is the comfort and security of the assets we own.

in developing countries, income of that size is normal, and I think that monthly expenses of only $100, it is possible for him to still be single, with the goal of setting aside money for investment, this has become an extraordinary thought for young people, because in developing countries there are many among those who follow a hedonistic lifestyle to emphasize their status so that even a house will be difficult to find

It is a very good decision and a good plan. Those who can plan like this can live a very good life even with a relatively small amount of income. How nice you have planned with 300 dollars monthly salary, many people can't plan so well even with 1000 dollars income. If your household expenses are gone by $100 then you get another $200 at the end of the month to do all the other planning. Out of 200 dollars, your plan is that you will save 100 dollars and 50 dollars you will spend for your own needs and the remaining 50 dollars you will invest in monthly bitcoins. If every month you invest 50 dollars in bitcoin then at the end of the year you will have 600 dollars invested like this if you can do five years then at the end of five years your total investment will be 3000 dollars and in these five years I believe the bitcoin market will go higher and there You can earn more money from

The long term plan is quite good but I'm sure you will experience obstacles when you start implementing it and I can say that setting aside $50 from a total income of $300 is quite large, maybe you are not married and live with your parents because you can set aside quite a lot of money for investment, because one thing that can drain our income is the cost of renting a house/apartment apart from food costs.
The good things that you understand enough to store your Bitcoin in Electrum because this is a wallet that is quite widely used by Bitcoin lovers and this wallet is quite easy to use.
What you may also encounter is when you start to collect and after that the price of Bitcoin drops so you become a little unhappy and it requires patience to see your investment move in the direction you expect.

Here's the thing op. So many people keep saying that now is the best time to buy BTC since it's price is low and it will increase and reach its new ATH later, but that's all wishful thinking since BTC can even drop like crazy.

There is no guarantee that you will earn profit on your investment at any point in the future which is why you should invest only what you are willing to lose.

I respect the fact that you are not in rush to invest in Bitcoin but bear market is the best time to invest in Bitcoin, if you can't do it now then maybe few years down the line? Just don't buy the top thinking you are doing the right thing, if you are making $300 every month and $50 is all you can afford it's good enough so don't wait, this bear market is scaring people off investment and now that it seems like a world war 3 is about to begin, all these are just distractions.

Electrum wallet is a good choice but make sure you keep your recovery seed safe offline, somewhere no one else can get to, and don't even think about storing them in your online email account like some people use to do, online email accounts can get hacked too.

If you have the money I think a Trezor hardware wallet is a lot safer and more secure than an Electrum wallet, think about this if you can afford the money, I think a Trezor hardware wallet costs $69 for the Trezor model one and a bit over $200 for the more advanced Trezor model T.

- Hey, can I ask you a question? If now isn't a good time to buy BTC, when do you think is a good time? When it hits its all-time high (ATH), right? ;D
- Investing always involves some level of risk, and it's wise to be cautious. But if you're overly hesitant and just keep waiting for a significant price drop, you might miss out on opportunities. So, I believe that buying BTC right now using the DCA strategy is a good option because we can't accurately predict when it'll hit its lowest point.

That's true, but your advice has no value. Absolutely any type of investments could drop in value (including fiat money) and nothing is ever guaranteed. But you have to invest/store your wealth somehow, so there's no escaping the risk. If you think that buying BTC now is not a good move and/or there are other, better assets to invests - then explain your reasoning. Only saying that "it could drop" is just stating the obvious and is not very helpful.

Same way I over did myself and lost access t wallet because I think I know much already about bitcoin but bitcoin is different thing. You need to calculate everything before doing it. You can loss your all you have invested in bitcoin if you are over confident, and not careful of minor things, you can may end up not having anything on your wallet if care is not taken.

Another angle people don't understand is bitcoin can not give them riches as they expected, the days of Christmas profits are now of the past, we live in the presence where big money makes big profit whole small profit makes small profit.

Being single and with that expenses isn't a lot and that will allow him to be able to invest in Bitcoin at any point of his life.

And with the age of flaunting in social media, this makes them move together with them because that's what they think is the right thing to do.
But without preparation of their future lives, they're making things too complicated for themselves if they don't have a plan to invest to valuable assets like Bitcoin.

If you are smart you become a valuable part of this forum.
That way you can level up and maybe get into a signature campaign.
At the owest level you still earn around 40-50$ in btc which then you can save every month without using your hard earned money from your job.
That way you can maintain your current money situation but still add plenty of $ in btc every week/month.

Good luck with your plan though.

Since you don't have enough knowledge about investing in Bitcoin, do enough research and gather a lot of knowledge about investing before you invest. Everything you need to know about your investment. And before investing first prepare yourself for full investment. If you get a salary of $300 per month, if you invest $50 in bitcoins out of that, you can very well serve your family and all your personal expenses with $250. You don't need any exact time to buy bitcoins, if you invest in long term you will definitely get profit. Just invest for long term. If you continue to invest in Bitcoin in this way, you will surely achieve great success in life.
And good luck to you

where did you get that I THINK BITCOIN IS A DREAM?

who told you about that? because I dont? I am dreaming of having more and more bitcoin , and that for now is getting reality so don't  put words into my mouth OK?

as if yo deeply understand the market and the nature of bitcoin , as if that easy to  put in action those words.

Prove that you are a Bitcoin investor before teaching us about this, because we have been holding for long now;.

Simply don't do anything that you don't know in the market. The market is a very dangerous place for those who are pressured to make money. If you present you wallet or coins, the market will be willing to take that from you and you have nothing you can do about it. If you're going to buy an altcoin for greater gains, make sure you've done your research and it is not just a coin for pump and dump.

Having enough money is enough enough. You have to be very smart and discipline when you are engaging in the market.

Your plan seems good but keep one thing in mind there is fluctuation in altcoin’s price so only choose top 20 coins for trading because their price is almost stable there will not be any huge dip in their prices. And electrum wallet is good to store bitcoins, you can consider coinbase also to store your bitcoins

Procrastination is the worst thing you don't need to do. If you have the money, I advise you to buy now as bitcoin still on the low key. As you said, you have the knowledge and want to invest $50 every month, it is a good plan, invest now and continue the bitcoin education. But you would disclosed your monthly salary to us because we are not interested to know your monthly income if you want to invest on bitcoin there was no need for announcement. Yes Electrum is one the best for investment but you still need to be security conscious. One thing to plan and another thing to implement and the last one is to achieve the plan.

Why would you even mention altcoins at all? OP specifically said he's looking to invest in Bitcoin.
If we believe that the cyclical price movements will continue - this is a horrible time to even think of buying altcoins. This is the stage where Bitcoin is going up faster than altcoins. The so-called "altcoin season" will come later, but frankly, the best strategy for most is to avoid them altogether.
If you look at the historical data, you will see that the composition of the top 20 has been changing quite drastically. Many of the previous top altcoins are now completely forgotten and not even in the top 100 anymore.

If you find investing $50 a month too risky, consider reducing your investment. Electrum, an open source wallet, is not secure by default. Store your seed phrase carefully and keep multiple copies on hand to avoid potential compromises. Use Electrum on an air-applied device or purchase a hardware wallet for increased security. If you stick with your DCA plan, your funds will grow and your investment will be secure.

i have seen many predictions that the price of bitcoin will reach $100k ++ in late 2024 to 2025, for people who really have the intention of investing in bitcoin in the long term, it is recommended to use the DCA and buying dip method ^{(both are the best strategies for investing in bitcoin today)} in investing in bitcoin, don't sell the existing bitcoin you have even though the market is bearish which will definitely happen quite often, sell bitcoin with your own price target, and be sure that bitcoin will pass its ATH sometime in the future.

And the right moment to start for those who haven't started their investment venture on Bitcoin yet is now.  We are still in the end phase of the bear market, soon after the halving, a bitcoin bullish market may emerge so starting to DCA today can prepare us prepared enough on the next bull run and possible breaking of an all-time high.

This will give us a very good profit since the current price is around $35k and the prediction of the new ATH would surpass $160k, a possible 3x or more profit is indeed very good considering it will only take less than 3 years to possibly realize.

But we also need to understand that maybe he is not well known in bitcoin. Bitcoin may become high in the following weeks or months, but we can't predict it. He can't predict it. Maybe he has a plan, so let's not get involved with it. I also think right now is a good time to halve bitcoin, as it got hyped by the recent price spike. Many have caught their attention to it, and I'm sure many will enter and invest in bitcoin. With that, there will be a lot or big movement in the bitcoin price, which has a profit potential. But still it also risky, we can't ignore that maybe it will go opposite, well it is worth to risk as we know cryptocurreny has a lot of risk and investing to it take a strong mind and dedication, maybe that's why the op is hesitant to buy bitcoin right now or doesnt have enough funds to do so.

That is an excellent plan by the way that you are using the DCA method to accumulate the Bitcoin. If you are separating some $ From your income this will be a good long term strategy to get more Bitcoin. And you talked about Electrum wallet so in my point of view this a safe wallet and you can use it to store you Bitcoin.

You are absolutely correct because now is the best time. With the way Bitcoin moves delaying might lead to high prices which can discourage people from getting in.

The OP mentioned starting his investment with $50 per month, which is a great plan. But a time hs coming when the quantity if Bitcoin $50 can buy will be so insignificant compared to what it can achieve now. The pressure in Bitcoin recently is already showing how rapid Bitcoin can move within a short time.

I have seen many varying predictions about the ATH and it has become difficult knowing which one will work. To be conservative,  I think $100k is fine since it is the least price among the predictions. The moment Bitcoin gets to that price, it will just be a matter of time before it gets higher in line with the other predictions.

Even if bitcoin price is 10k$ but you don't believe in it and don't have money then it's not the best time. So the best time to buy is when you have the money, otherwise there will be no best time to buy.

If you use the strategy of buying monthly and holding long-term, you should not pay much attention to the price of bitcoin because it will easily make you hesitate. Then you will wait for the price to decrease to buy, but if the price does not decrease but increases, you will miss the opportunity to buy. So stick to the original plan and don't worry about the price.


Bitcoin's ATH is impossible to predict just as we cannot predict where bitcoin's bottom will be during bear season. The best way is to set a selling target and only sell when the price hits the target.

I recently started earn from Bitcointalk. I belong from middle class family of Bangladesh and I read in class 12. It's a dream to set up a small business of my own. Because of I belong from a middle class family it's a dream to started something new of my own. I think forum can give me this opportunity to start something my own. Why I am saying that I am saying that because I recently started earning from signature campaign and its a dream to hold full amount of BTC I have earned from this forum I want to hold this until my HSC exam end. After my exam with this money I want to start something my own. I don't know how much amount of money I can save from it but it's will be quite helpful for starting something my own and the earning take me  to the next step that I want to start.

From what you have said so far, I confirm that your plans are far from the OPs plan. Reading carefully, you will know that the op doesn't have a dime of BTC, but I think he is planning to buy some, and still, he can't earn BTC from this forum because he has not reached the rank to join. You are already a signature champagne participant, so I would like to tell you, that if you want to start up your own business with the little pay you are receiving from the champagne, then you have to work harder because sometimes, signature champagne for a while, but this does not mean that you should not get a skill that can help you out In case.

Earning $300 bucks monthly, and investing $50 bucks in crypto, it's good start to triggered good positions in the system. However we tend to face barriers because it's not easy to grab big wins in the system. Knowledge happens to be one of the important basic information necessary for all traders and investors in the system. There are numerous techniques to enchanced our strategies, making good earnings from the system either daily or weekly, depending on the methods we choosed for ourselved. Planning before executing projects will do a lot of help for us, just stick to a more emphasize grind and 100% focused though I must warned, loses and profits are 50/50 probability.

I think OP has made a good budget for that looking at the fact that the investment is quite alright but it would be okay if OP does this in a long term looking at the profit range for it to be able to yield a reasonable amount of profit for OP. But i just hope this amount of money invested by OP would not affect him in the long run looking at the salary earned and the amount in question.  Although the amount is moderate but it is still reasonable compared to the income.

I like your plan. Focus on the following points: install an application where you will record all your expenses, so you can predict how much you spend every month, and based on this information you can understand exactly how much you can save.
You have chosen the Electrum wallet. This is one of the two wallets that I truly trust. It is open source. This is good. The second wallet I like is TrustWallet. It is more convenient, even if the source code is closed. But its owners are Binansier.
Good luck with your plan!

Crypto knowledge is essential for those who want to invest and harvest in a quick time that’s for traders who ever want to go into crypto trading need to have basis knowledge before they can take that step, but as for the OP, what’s needed of him is just the right investment plan and a little knowledge on how to safe keep those investment since no intention of trading it on a daily is mentioned in their.

What the OP probably want to do is DCA since it’s earning comes on a monthly basis and the plan for what the monthly salary will be used for has already be mapped out, adding bitcoin as part of the primary things which need to be added into budget is a wise decision and if that continues before the end of 12 months one will be able to buy enough bitcoin that could be worth something.

Your Dollar Cost Averaging system is very useful for the Bitcoin you invest in. Since you will be investing a portion of your monthly salary in Bitcoin, you will get an average profit by doing your dollar cost averaging system. If you want to hold long term you buy bitcoins at a fixed price and store them in a secure wallet. But in case you have to wait for a DIP market. If you can buy bitcoins at a favorable price and save long term then you can get a big digit profit from bitcoins in future.

I can't say anything wrong with what you are saying, especially the DCA that you will use to accumulate Bitcoin. That $50 for a person like you is already a lot compared to others who also do DCA in cryptocurrency.

I'm just paying attention to you, dude. You're really preparing for the future because you're also taking the time to accumulate the emergency fund. There are only a few people who do this, even though everyone wants it, but most of them can't do it in actual life. So for me, what you are planning is good thinking; just go ahead with it.

Investing in Dollar Cost Averaging(DCA) method seems to me to be very convenient method. As an example I work as a mason and get paid weekly from that. I am investing bitcoins by dollar cost averaging(DCA) method by deducting a day's payment from that payment, so my total monthly investment is 40 dollars worth of bitcoins. I have been following this investment method for almost 9 months and even I have more desire to invest in this method in future. I am investing in this way it is not affecting my family expenses but investing in this way is beneficial for me.

No one should be allowed to forbid us from investing, why should that be your fear, even if you become rich from this investment then people around you will definitely benefit from it. so I think it's nothing to be afraid of. but how do we control our emotions and control our finances where our investments always use free money which can be lost at any time, this is a crypto investment that has high risks, so always be ready for risk at any time. that's the best thing of what I suggested.

The amount you invest in Bitcoin is entirely up to you. But in terms of investment you have made a very reasonable plan to invest by following the DCA method. Investing Bitcoin in DCA method is the best investment method. But if you have adopted electron wallet as safe to hold investment then you must keep seed phrase of electrim wallet very safe for sure. If you can keep the wallet seed phrase safe then your investment will be the safest.

Since you decided to hold Bitcoin I like your decision. You definitely need a strong wallet to hold bitcoins so I think it's safe for you to use Electrum wallet. If you are looking for a stronger wallet than Electrum wallet, I would suggest you.

Currently hardware wallets are the most powerful, most secure way to hold Bitcoins. Sefepal X1 is currently the most demanded wallet you can enter here to know about this wallet.
Safepal X1 wallet Details: https://blog.safepal.com/safepal-x1-open-source-wallet-suite/

Well, there is no way anyone can say the DCA style of investment is not good, but in fairness, at times, it is such that is not easy to practice, and again, it is not a must that someone DCA, it all has to do with the market situation, the conviction of the trader, the money at hand and the expected money (including the frequency of getting it). Take for instance, if the market is at a low level that is convincing enough, there is no need to think twice, just put in all the money and wait for the outcome. After all, you didn't buy it at an expensive amount, so it is a very good bargain. This was what happened with altcoins months ago, anyone who is wise will just commit their money to them at once without thinking twice, you can see what is happening with altcoins now, that is the risk one should be willing to take at a very low price.

The same thing goes for the bullish market for those who can read the chart very well, if you've gotten to that stage, committing your money to the market at once will not be an issue too. But for those who have missed out a lot and the market is at a somewhat high level, yet, they need DCA so that they do not buy all at a too-expensive level, Who knows if the coin can still retrace much to buy at some reasonable level? That is where DCA is most effective. But guess what? I hardly follow DCA strictly, I am too versatile for that.

I am guessing that a lot of people do not earn enough yet to be investing since they probably have put in their money somewhere else or they have too much bills to pay right now

like you said there are risks to consider in investing and investing in cryptocurrency have even higher risks so someone who only has enough to go by the day will definitely want to second-guess his decision to invest right away but that is what’s good in cryptocurrency we are using the word risks which is a word to indicate the only potential harmful things which means they can be avoided if we do investment correctly and doing DCA method actually lessens risks

This is good plan and finally you achieved your goal of investing with 0.033 BTC and that's about $1,400+k (Finally I did it (I am happy to join  (https://bitcointalk.org/index.php?topic=5476943.msg63285939#msg63285939)) this is one of the best goals you have achieved in the year 2023.  Even the $300 dollar of your monthly earning is good enough to invest in it, base on the dollar rate in the country now, it good to invest with that amount but if you remove $100 and use the $200, the $100 will not be enough for the family activities unless you are a bachelor. It is a good thing you have aim at, because we have to plan proper before going into investment so that we will not regret later.

DCA mitigates risk, therefore calling it inflexible is unfair. All-in on altcoins on a perceived low is high-stakes gambling, not investing. It may pay off, but what if the market falls further? No safety net in your strategy.

Furthermore, your method implies flawless market timing - a dangerous fantasy. Market predictions arent accurate even for experts. DCA excels at prudent-not  "versatile", which is its specialty. It reduces market volatility, making investing easier for non-chartists. Altcoins are appealing, but Bitcoin is the foundation of any crypto portfolio. Its durability and acceptance as "digital gold" make it a safer long-term bet. DCA in Bitcoin? Thats solid strategy.

The first basic thing before investing in crypto is of course to have knowledge about crypto. Without knowledge we are like gambling because there is no strategy and target. But if we have crypto knowledge, we can finally master this market and its cycles. It takes years to learn and follow the cyclical patterns, but they start to come together and you start out as a smart investor.

DCA is the right strategy for investing in Bitcoin, especially since we set aside our own funds to do DCA every month. For me, the DCA method used by OP is also an anti-loss strategy, because every month we can buy bitcoin no matter the price goes up or down because we are investing for the long term.

In the course of my travels this holidays to some remote villages of my country, I attempted telling people about Bitcoin, the opportunities it holds and how they can be part of it. A lot of them actually developed interest but are limited by finances. Bitcoin is readily acceptable to people as I got to find out and the coverage is wider than imagined. My experience shows that global poverty is beyond imagination, it is real and a big cause of concern. This made me wonder how people will be able to invest in Bitcoin and be able to hold for long.

Investing in Bitcoin for long time holding require that at least basic needs be met and possibly some funds set aside for any eventuality. A poor villager who does not know where the next meal will come from cannot keep this requirement. I left them with a simple advice which is to do something about their finances so they will be able to have something to eat before thinking about investing in Bitcoin. Most are subsistence farmers but with proper advice and assistance, they can expand to be able to make enough money from farming to support their needs as well as diversify into Bitcoin.

When you are telling people about bitcoin you should not forget the advantages and the disadvantages and also the risks that involve in it. Then the present situation on ground which the Blockchain congestion that making the withdrawal or transaction fee very high so that if the person is still interested to invest then you don't have problem again because you have given the person all the clues so if anything happens again your hands are clean.

Bitcoin is always the best coin to invest.but be careful with the introduction with bitcoin and don't use their money to invest for them and only teach them to invest.

Bitcoin can indeed experience a drastic price decline. Because it cannot be denied, assets will definitely not always be at the top. But if you have thoughts like that, I don't think you understand what a bitcoin asset is. Because when deciding when to buy it, you still seem hesitant. In fact, if you invest your money in any asset, including Bitcoin, there is always a risk of loss. So basically, when you want to invest in Bitcoin, don't be too afraid. Because you need to know, investing is not just looking for profits, but in investing we also have to be able to accept when losses come. So the most important thing is when we start investing in Bitcoin, don't forget to do a thorough analysis. Learn all the important things related to bitcoin, don't miss a single point, because all the learning points related to bitcoin investment are very valuable.

And regarding when is the right time to buy bitcoin, I think now is the right time to buy bitcoin. Because currently bitcoin will be approaching halving and a bullish market. What is certain is that the potential will be better, if you want to make a profit. Especially if you intend to invest in Bitcoin in the short term, I think now is the right time to buy.

Electrum wallet is more secure and more security complete. You definitely invest Bitcoin for a long time using this wallet. As you can use Trezor wallet you don't have any problem. If money is not a problem for you then you can go for hardware which costs between $60 to $70.

Remember: tremendous rewards need risk. I think Bitcoin is a confidence in a decentralized financial future, not just an investment. Bitcoin is a unique and possibly rewarding investment due to its price volatility.

One must grasp the Bitcoin market's complex internals, technology, and economic aspects that affect its value. With Bitcoin nearing a halving event and potential bullish trends, the investment landscape seems promising. Investors seeking short-term gains may explore Bitcoin now.

Bitcoin investing is about joining a movement that challenges existing financial systems, not just financial returns. It pledges to a new digital currency age. Fear should inspire cautious, educated decision-making, not hinder it. Strategic thinking, risk-taking, and a decentralized financial future define Bitcoin investing.

Of course OP needs to invest for long term also he needs to grow the investment by investing in DCA method. Whenever OP invests in DCA method he has to hold the investment for long term. Here is OP's monthly income of $300, there is $250 for his household expenses and $50 to invest in Bitcoin. 50$ monthly investment is not bad. If he can invest regularly 50$ in Bitcoin and keep it for a long time then he will get big returns.

Your plan is very good because investing in Bitcoin is always a good plan. And when you invest in Bitcoin following DCA then it will give you better results. This is because the price of bitcoins increases from time to time. But the price of Bitcoin sometimes takes a long time to rise so to get the best out of Bitcoin you must not only invest but also decide on a long-term hold and implement it. Because Bitcoin will never bring you a good return in less time

Everyone should save for the future. Focus on your main goal. Try to save as much as possible from the current income. If you invest $50 of your current income in Bitcoin, your investment will continue to grow over time. Your invested savings will remain in Bitcoin while the value of Bitcoin will increase and your wealth will increase.

Your idea is not too bad. I like your idea very much because there are many people who want to invest in Bitcoin but because of their financial position, many people think a lot before investing. But you are saving a little for your investment even in your small earnings. This is very encouraging to those who want to invest in low income and what I think is the best idea of investing in low income.

Investing $50 monthly on Bitcoin is not a bad idea since that is what we can afford. We don't need to be too curious to invest in Bitcoin when we know that we don't have the means. Investing in the market need to a little understand so that no matter what happens whether the market goes up or down, we would be able to make solid decisions and makes sure ww get things done as fast as possible.
If op keep investing $50 in the market for consecutive time, he would be surprised that in 20l years, he would made some good.profit from the market.

OP, you want to invest $50 per month in Bitcoin from your $300 salary, this method is pretty good. Be sure to take the extra time to understand the plan you've made so that you're ready for any challenge and make informed decisions. Learning about Bitcoin can help you identify any weaknesses in your plan and make necessary adjustments. OP I think since your income is stable and you have fixed $50 for your investment, you can start anytime. Finally, be patient and think long-term when it comes to investing, to get the chance of high returns.

Yes it is correct that if we cannot afford to invest more than 50 dollars monthly then this $50 investment is very valuable to us. But if we can invest $50 using monthly dca method then after a long time we can see that we have many dollars accumulated here. From a middle class family it is not at all possible to invest without DCA method because we have no other means to invest except earning from here. If OP invests $50 monthly then after 20 years he will definitely have HUGE amount of dollars invested and if new ATH is created in the market he will get a lot of profit return from his investment.

And OP's plan to use the DCA method in his investments is great. He OP earns $300 every month with a $50 plan for a Bitcoin investment of $300, of course this OP plan has already been implemented by other Bitcoin investors with monthly income greater than OP's monthly income. This investment strategy is good enough to be used by everyone with different incomes because they make regular purchases. If one day his income rises from $300, OP can increase the amount that will be allocated to Bitcoin investments.
It's a smart savings method.

Enough knowledge can also mean small. If that is what you mean, then great. It simply shows that you are not a lazy person. Investing is passive, so yes, you can do whatever you want in the background. But again it's great if you will spend it mainly to expand your knowledge about BTC. Your income is what I can say normal but it's impressive on how you managed it  very well.

It seems you are not a family guy yet, to have that kind of allocations. Am I right? But that's right. It's better to be well prepared first before marriage and having a family, as it wasn't easy. You said now is the best time to buy a BTC, so why wait? But okay just take your time. Maybe other things are more important than it.

this is why DCA is always good way to keep safe in investing , as there are many people now has
this strategy so OP is in the good hands in what he is doing , also 300$ a month earning?  who will deny having
that much profit as passive income and for others as to try and believe about DCA.

The OP definitely made the right investment decision, because the higher the price of bitcoin at the moment, the more you can invest now, the more you can reap the benefits. Of course it's better to invest for the long term as the OP has decided, and is prepared enough to use a strong wallet. But I would definitely suggest OP to follow the DCA method in this investment. If investing regularly then definitely it is better to use DCA method.

Yes of course there are many reasons why DCAing strategy is not same like lum sum, DCA strategy makes you to invest low amount on Bitcoin so with tim you can accumulate enough figures of Bitcoin.
With lum sum you won't be able to accumulate Bitcoin frequently, when I made a plan to buy Bitcoin I didn't get to know that I have to make sure it doesn't affect my expenses life.
Like DCAing makes you invest and you have to not let the accumulation process not affect your expenses.

You have a good plan and this is the common mindset every newbie in the crypto world should have in order to balance their life. Make the right choice of storage shows you have proper or better knowledge of security of asset against interference.

You plan is good, as it also shows you are not greedy, because the greedy will definitely want to invest all their savings waiting for sudden miracle.

Another good thing about DCA, it has a lot of advantages. aside from what you said of which is that it won't affect your budget as you can allocate small funds to your investment over time. DCA allows you to buy Bitcoin at different amounts over time, which might not be possible if you purchase it in a lump sum. Some investors may not have enough money if Bitcoin's price suddenly drops when they have invested all their money at once.

Yes exactly, with the DCAing method you can start from investing a smaller amount then you keep on maintaining the standard amount and sooner you might get another opportunity which might make you increasingly increase the amount which you allocated to your investment (from investing $15 to investing $20 or $30 in Bitcoin) and other things are it doesn't matter how much you put monthly what matter is how consistent you keep on buying. When you bitcoin of $30 every month a year is =$360 and during the year there might be a month when you will allocate more than $30 that's  why you have to keep on buying so you can meet up.

And I can also add that DCA simply completely ignores short-term volatility, so for people who are more emotionally sensitive and not used to the extreme volatility of bitcoin, this will always be the best form of investment.

The average price of an asset that only appreciates over time is always the most interesting and intelligent strategy. It makes the investor's life lighter and mentally healthier.

however i am also new here but i am here to learn how to gain More knowledge about Bitcoin.
accumlationg Bitcoin is not an easy task but when you have patience you can safe up 1 BTC without knowin, and again you must have whats giving you money before you can accumulate Bitcoin.

That is the statement made by me in the local board and other boards that "do something before investing in bitcoin", it is just like a slogan and it is the best option to invest so you won't spend the invested bitcoins again. Use wisdom in the investment of bitcoin and you will make it in the future. One thing we have to know is that we don't have to rush into bitcoin investment and we should not be afraid of bitcoin when the price of bitcoin low.

The plan of the op is good but he has to think well before going into the investment. Which one I will do to give me more money to start investment and the alternative means of getting money apart from the main sources. How much will I use for each month to buy bitcoin. These are some of the investment plans to think of.

Yes, imagine investing money regularly instead of just saving it in the bank can potentially lead to higher profits. By using the DCA strategy of investing $30 every month, you can earn a profit on your investment. The same example you have given, if you invest $360 in one year using DCA, it’s difficult to predict the value of the investment at the end of the year. But it’s possible that you could earn a decent profit.

Generally speaking the longer that you are in, the more that your earliest of purchases have had opportunties to compound in value, and surely it is not exactly a strict line, but generally speaking the longer the better.  So for example if we look over a longer period of time and we go with $10 every week, and since there are 52 weeks in a year, after a year we would have $520 invested, and after 10 years we would have $5,200 invested.

So yeah we can calculate the amount that we intend to invest and then attempt to shoot for that, but we cannot tell exactly how much it is going to be worth based on how much the asset (in this case bitcoin) is going to go up in value.  

Another thing that we could do is to create some kind of a spread sheet to project out our anticipated investment in terms of both how much we expect to contribute and outline some estimates of various scenarios regarding how much it might appreciate, and sure we can have some scenarios outlined out as best case scenarios medium case scenarios and worse case scenarios..

Once we put those estimates in place, we could also figure out how much our investment scenarios might also change if we expect changes in our abilities to invest more and we could potentially increase our investment amounts by 20% each year, perhaps if it were to be within our possible budgets.

So maybe if we start out with a BTC price of $55k, and we anticipate that the BTC price will go up about 8% per year and the amount that we invest goes up 20% each year (meaning the first year is $10 week  and then the next year is $12 per week and then the next year is $14.40 per week, then the next 10 years might look like this:

Date   BTC_Price   Weekly$Amt   $Invst/Yr   RunTotal$Invst   BTC/Yr   TotalBTC   Total$Value
1/14/25   $59,999.40   $10.00   $520.00   $520.00   0.00900009   0.00900009   $540.00
1/14/26   $64,799.35   $12.00   $624.00   $1,144.00   0.01000010   0.01900019   $1,231.20
1/14/27   $69,983.30   $14.40   $748.80   $1,892.80   0.01111122   0.03011141   $2,107.30
1/15/28   $75,581.96   $17.28   $898.56   $2,791.36   0.01234580   0.04245721   $3,209.00
1/14/29   $81,628.52   $20.74   $1,078.27   $3,869.63   0.01371756   0.05617477   $4,585.46
1/14/30   $88,158.80   $24.88   $1,293.93   $5,163.56   0.01524173   0.07141650   $6,295.99
1/14/31   $95,211.51   $29.86   $1,552.71   $6,716.27   0.01693526   0.08835176   $8,412.10
1/15/32   $102,828.43   $35.83   $1,863.25   $8,579.52   0.01881695   0.10716871   $11,019.99
1/14/33   $111,054.70   $43.00   $2,235.90   $10,815.43   0.02090772   0.12807644   $14,223.49
1/14/34   $119,939.08   $51.60   $2,683.09   $13,498.51   0.02323081   0.15130724   $18,147.65

You can see that the first year or two don't really do anything, but the longer that you are in, the more that the value starts to compound upon itself, and even though over 10 years, we a bit more than a doubling in the price of BTC from $55k to $120k, we end up getting quite a bit of appreciation in our value since we would have had invested nearly $13.5k, yet the value of our holdings would be close to $18.2k.. and of course, we can play around with these kinds of numbers to try to figure out if there might be more aggressive or less aggressive investment scenarios but also we can make assessments if we consider the BTC price to go up a lot in value or a little bit in value, and we could have steady anticipated appreciation or maybe we might assume some years to be up and some to be down, yet we might ask ourselves for the purposes of projecting out future BTC price fluctuations does it help us to predict with a lot of granularity or might we be better served by keeping our projection more general and then just adjust it each year after it has played out?

DCA helps you to be more realistic than being more speculative. You don’t get to wait on a right time or even need to look at the charts to get an over view of what is been done or what your to expect of the market. You simply set your limit price and the volume you which to buy in BTC or it’s USDT or equivalent in whatever coin you’ve got values in, that’s in the event you ain’t buying with your credit card, Bitcoin ATM and whatever means available to you.

It’s more of a safe means for someone who isn’t entirely sure on what to do or how to approach the market and even still, those whom are sure but just can’t take a pause on building their portfolio. You always get there eventually and that’s a fact.

In my understanding of this your table I see that the investment on DCA per week in the first year of the table was $10 per week compounding to $520 per year because there are 52 weeks per year with the value of btc at $59k per btc. And the second year DCA method change from 10 to $12 per week at the value of $64k consecutively till the 10 years interval of $119k approximately $120k all is base on absumbtion. But I Think it would have been better for someone to invest higher when the value is low than waiting for the price to high before increasing the weekly DCA. For example according to the table at first year when btc was $59k, weekly DCA was $10. At second year when btc was $64k the DCA was 12, 14 17 to $51consecutively for the 10years interval. don't you think if this DCA was turned upside down, that more profit would be made? Just like DCAing $51 from the first year and going down to $10 in the 10th year. Because if someone can have a purchasing power of $51 dollar when btc is $120k per btc, I don't see any reason why such could not be done now it is bearly half of the value. I am just sudjesting not actually analysing, but want to also hear from you @JJG what do you think? Is it a wise investment approach? Because the amount you buy in the first year at $51 *520 you would have made $2652 which would have been increasing as btc rises. Before the price of bitc could reach $120k you would have made yourself alot of profit.

50 dollars monthly is not that bad specially if you know which coin you are investing (this means altcoin of course) but if you are confident about Bitcoin to bring you better result for that amount then yeah put that 50 bucks in bitcoin monthly and that would be 600$ a year, that for me is too small talking about how pricey bitcoin nowadays.
but this is for OP to decide, he has His strategy and we are just giving Him second option and better understanding about things in life.

There might be some deficiencies in my ballpark formulas, and yeah of course you see that in the first year, the amount invested in the 4th column (of $520) only differs from the value of the BTC holdings by $20.  And, the difference becomes bigger and BIGger and BIGGER with passing years, and the first years are likely not even very important because presumptively a lot of building is going on, and not too much price appreciation.. and even if the BTC price goes up a lot, the amount of BTC accumulated takes a while to build up.

I did another posting in another thread (https://bitcointalk.org/index.php?topic=5132720.msg63695242#msg63695242) showing some a couple other scenarios in which the BTC price were to go up slower (such as only 2% annually rather than 8% annually in example 2) or if the BTC price were to go up faster (such as 20% annually in example 3).. while keeping the investment amount of $13.5k the same over the 10 years.

So essentially the total amount of BTC accumulated is the median price between the start of the price in the beginning of the year and the end of the year price.. so that estimates how many BTC would be purchased for the year, and the Total $ value of the holdings at the end of the year is simply taking the price at the end of the year in column 2 multiplied times the number of BTC in the wallet in column 7.


Yes.  The built in assumption for this scenario is 8% per year price appreciation.  Of course, you can use a different assumption number if you are attempting to project out various possible scenarios.. so you might have some scenarios that are more bullish and other scenarios that are less bullish, and so if you attempt to capture a vast array of scenarios, then you might even assign probabilities in terms of your own point of view and expectations regarding which scenarios you consider to be more likely and which scenarios you consider to be less likely.


Frequently we do not have a choice, unless you are planning to gamble with your income.  So for example if a guy makes between $700 and $2k per month with a most commonly received amount of around $1,200 per month, and perhaps expenses that are mostly around $1k per month, then he only has right around $200 extra per month for his discretionary/disposable income. 

Sure it could be possible that he has other savings/investments/assets that he could draw upon, and he could also use debt to invest, but that likely would not be advisable absent some different factual circumstances, and sure of course, guys can do whatever they want, but frequently, they should be attempting to work with what they got in terms of prudence and management rather than gambling with funds that they might not have.

Don't get me wrong, I am a pretty fucking BIG advocate of front loading your BTC investment to some extent, so let's say the same person has around $2,400 that he can take from other areas and allocate that $2,400 to bitcoin investing, and if he has that amount, he could divide 1/3 ($800) for each of the three categories of lump sum, DCA and buying on dips... Or he could just put it all into BTC right away, which might put him in an uncomfortable position if the BTC price does not end up going up from the time of his buying.. and so there frequently can be trade-offs and balancing that is necessary, even with attempts to front-load your BTC investment.


In this particular table in the first year, the BTC price started at $55k and ended at $60k.. so the average price for the year would have been $57.5k = (($55k + $60k) / 2)


Again $64.8k was at the end of the year, so the start of the second year the BTC price was $60k and at the end of the year it was $64.8k.

And yeah that third column was assuming an ability to increase the weekly DCA amount by around 20% at the end of each year and into the new year... It is kind of a ballpark idea, and surely people can be way more specific with their own situations in terms of figuring out what might work for their own salary versus expenses...and so part of the assumption is that disposable/discretionary income is going up, which is not always going to be the case, but that was the assumption that I had within the creation of this particular hypothetical person's projection of his own financial circumstances and his abilities to authorize his budget for the buying of= BTC.


Of course I think that it would be better to invest more in the beginning, but let's try to be realistic.

I think part of my point (and suggestion) for anyone getting into BTC is to attempt to be as aggressive as you can without overdoing it, so usually that is going to mean figuring out their budget and getting their finances and psychology in order, which frequently means that they do not have as much disposable/discretionary income, and they have to build up to situations in which they have more disposable/discretionary income.

To me, it sounds like you are wanting to gamble and to be unrealistic, because I am already presuming that the person investing and within the chart is already attempting to be as aggressive as he is able to be, and yeah, if he has other facts and/or circumstances that allows him to be more aggressive, then I have not problem with that, even though it is not as realistic as the scenario that I am painting.. so you seem to be fighting with the scenario and assuming a shrinking rather than a growing discretionary income.


If you have discretionary income to do that, then set up your scenario in that way.  I have no problem with such an idea if you are able to do that...even though it seems a bit less realistic to me... but whatever, you can presume whatever facts that you like and if you believe that your own facts allow you to invest in that kind of a way, then do as you wish,. but I personally think that if you are decreasing your investment amount in later years you are likely underinvesting and you would probably be better off to continue to stay as aggressive as you can until you reach a high enough status of BTC accumulation, such as 1- 5 years of your income invested into BTC.. which frequently guys who might be investing 10% of their income into BTC, they are going to take 10 years just to get to 1 years worth of income invested, but yeah if you are abel to do more than 10% then you are way better than average.. and I have no problem with people investing 25% of their income into BTC, but the reality of the matter is that most people are not even in the habit of saving and/or investing 10% of their salary into BTC or anything else.. so if you either want to presume some unrealistic circumstances, or you believe that your own circumstances allow you to consistently, persistently and ongoingly invest more than 10% of your salary into bitcoin and maybe even up to 25% or more, then that surely would be better if you are able to accomplish that level of investing into BTC and to not otherwise suffer or devolve into gambling rather than investing.


You are fantasizing.  We are not trying to figure out what this hypothetical person is going to invest based on the BTC price, we trying to figure out how much to invest into BTC based on the persons readiness, willingness and ability to conjure up a sufficient amount of money and to actually invest that money into BTC rather than buying sodas with it. 

This guy has no fucking clue which way the BTC price is going to go with any level of certainty... even though he outlines some theories and he is bullish about bitcoin in generally and he believes that it is generally likely to go up, that is why he invests into it.. he believes in bitcoin's generally overall upwards price direction and realizes that it is not guaranteed, but he still plots out some possible scenarios for where the BTC price might go and tries to see where he might be in the future...

In this particular situation, the guy is just investing as much as he is ready, willing and able to do at time 1 and consistently, persistently and ongoingly investing in the outlined pattern through the next 10 years. and hoping for the best..


Between about 2014 to 2020, I was suggesting that normies, newbies, no coiner get the fuck off zero and start to invest $10 per week into bitcoin. 

Starting from about mid-2020, I started to tell everyone to invest $100 per week, and suggesting that $100 is the new $10, even though it is way less than $10 from 2014 to 2020.. so yeah, guys would be doing really good if they had invested $10 per week from 2014 until now at $10 per week... but there are still guys who are not able to invest $100 per week, so that is why this particular hypothetical is still starting out at $10 per week, even though surely we could 10x all the numbers and start out at $100 per week if someone is able to start out with $100 per week, then maybe he should still start out at $100 per week, and even in this particular scenario, it is easy enough to multiply all the numbers by 10, and then at the end of 10 years he potentially would have invested $135k, and he would have $1.513 BTC valued around $182k...
'
And yeah, if you think that he is able to front load his investment then he would likely be better off, but not everyone comes to bitcoin with an ability to front load their investment, and many people take 20-30 years or even longer to get to any kind of meaningful investment portfolio that might also include getting to fuck you status... and a lot of normies never get to fuck you status.  I think that bitcoin increases your odds to get to fuck you status, and also to get there in a shorter period of time, maybe in 15 years to 20 years but it is not very likely that you can get to fuck you status if you devolve your practices into gambling rather  than attempting to be prudent in your aggressively persistent investing.

By the way, when I came to bitcoin in late 2013, I had already been building my investment portfolio for more than 20 years, and so I was personally able to front load my BTC investment to a certain degree, but it still took me a whole year before I was able to get my BTC allocation up to 10 % of my investment portfolio,  but I was not even sure that 10% was my target until after a whole year buying BTC, and since the BTC price was dropping through 2014, I ended up spending another year continuing to buy BTC, so my allocation ended up getting to right around 13.5% by the end of 2015.. so it can take a while to build up these kinds of matters, even if you have funds that you are able to dedicate to the matter. 

On the other hand, an overwhelming number of people are too damned scared to be aggressive in their investing into BTC, in a consistent and ongoing way, such as figuring out some amount to invest and then to get their shit together and their commitment towards investing.. so if you speculate that people come into bitcoin and they are able to be all gung ho about it, you seem to be in a fantasy land, even if there might be some people who are better able to front load their BTC investment... or even to end up over investing into bitcoin so that they can stop investing (and maybe after a few years to just engage in maintenance of their BTC holdings rather than accumulation, but most people are not going to get to that point in which they can stop or slow down their accumulation and transition into maintenance in less than 15-20 years, even if they do everything right or as best as they are able to do).


Fuck shitcoins. That is retarded.


yes.. and fuck shitcoins.. that is dumb.. especially if you are investing rather than gambling.. and this thread is not about shitcoins, but of course, you can do what you like, including gambling rather than investing..

Now everything is so easy for you to invest in Bitcoin while increasing the investment amount every month, the salary you get from work in real life can be allocated to several parts including investing $50 regularly every month. Once accepted into the signature Bitcoin payment campaign, nothing can stop you from investing in Bitcoin, you can do it easily on a regular basis. Your future plans can be made easily, weekly payment from the signature campaign can be saved immediately and you can increase the investment amount from the salary you get every month.

If you can continue your investment for a long period of years using the DCA method with your income of $50 per month then you can definitely get a lot of success from here. But remember that investments should be long-term and not short-term. Also using Electrum wallet to hold bitcoin investment is very safe but wallet seed phrase must be kept very safe. If your wallet seed phrase is not secure then your investment will never be secure. Finally I would like to say that the decision you have taken is a very good one but you must follow through with words and deeds only then you will be successful.

It is still very possible for $50 to be used for Bitcoin even if you say that Bitcoin is no longer at a cheaper price. However, this is still very meaningful for anyone who wants to put their money into Bitcoin with the aim of making a profit every year after putting their money into Bitcoin every month. And from the first option you mentioned, it seems like a very, very bad choice in my opinion and is really more risky, especially if you choose a new altcoin whose market trend itself is still not guaranteed for the long term.

Meanwhile, for an option like Bitcoin, with an amount of $50 every month, it would be a very extraordinary thing if the OP could diligently and happily put it into Bitcoin. And it should be for everyone to make the choice of Bitcoin their main choice after seeing the increase and improvement in prices that have continued since last year until now, supported by several positive effects for Bitcoin itself. In fact, everyone will not know what the condition of their money is when they put that money into altcoins, some of which are shitcoins.

As I type this post, if I were to use $50 to buy bitcoin, I would end up getting nearly 100k satoshis.  That is quite a bit.

And, if I were to do that 10x, then I would get 1 million satoshis. 

Of course the price is going to vary, and if you were forced to stay in dollars.. with your (let's say $600) or get 1million satoshis or get some random vague ass shitcoin (and part of the problem is that peter0425 does not have enough of a clue to actually name one so he refers to them generally), and then the next thing is that you have to wait for 10 years (until February 21, 2034) until you can touch your investment, then which one are you going to want to have?

1) bitcoin (or satoshis, right around 1 million of them)?

2) $600?

3) some random vague-ass bag of shitcoins that peter0425 is not even able to name?

Should we check back in 10 years?  and by the way "altcoin or crypto or shitcoin is not an investment.. you have to choose something to put in your portfolio.. so it is even dumber (or maybe better said, retarded) when you are not even able to name the one (or ones) that you want to put in there and that you are recommending people to go down such a ill-thought-out path.

At least these guys picked 4 shitcoins in their shitcoin portfolio (https://bitcointalk.org/index.php?topic=5476151.msg63250842#msg63250842), but they still ONLY chose 1 year, and if you are actually investing into something you should have enough confidence in it to invest for 10 years..

so then which one(s)?  Bitcoin should be the obvious choice for anyone who has spent more than 100 hours considering the matter, and if you spent less than 100 hours, you better get to work, put in your time and do some homework so you are not talking in gibberish/gobbledy-gook and making bad recommendations.

I can not reply all your comment but In all your explanation I have come in conclusion that DCA should not be invested under pressure or aggression but investing what you can afford that will not affect your other plans.

Secondly DCA is a matter of choice which means if I have a higher paying job I can be able to schedule how I can invest without it affecting me. For example somebody who receives $3000 per month can invest $200 per week and it wouldn't affect him while somebody who receives salary of $200 per month, might find it difficult to invest huge rather investing the least $10per week. that is to say that the investment should be don free mindedly and not a pressure or like a by force investing which will affect the person.

Thirdly the Table is based on absumbtion which means you did it yourself and anyone else can set his target or programs himself on how to DCA. Which implies that the goal is to invest what you can afford according to your earning and also an investment which will not affect your accumulated btc. Because most people who invented on btc with aggression sell of and regretted later.

Also btc is an investment that need focus and determination to achieve it because sometimes inpatient always affect us and makes us do unthinkable things. Meaning we should be courageous to make sure we take btc investment seriously because it is an investment that's is more profitable amongst other investment. and for someone to succeed in it you must set your mind at a long term investment not investing and hoping for results within the shortest period of time.


Altcoin is not a long term investment it is a short term investment which has a short life spam meaning you might be jubilating with the small push up and later get disappointed when it falls off. So when talking about Investment you should be specific. Because for me Bitcoin is a long time investmet while altcoin is a short term investment, which should not be trusted. I have heard so many stories of people who invest in altcoin and got disappointed not only them but I have also do so even the last time I did it. I lost $30 and I have decided never to invest in them. Except I want to use them for low transaction fee for sending across different wallet after which I will sell an buy bitcoin.

There are many in our forum who are still students ie they are yet to join any job or business or even any signature campaign in this forum.If they want to invest in Bitcoin, they will not be able to invest in Bitcoin very easily. So those of us who want to invest in Bitcoin must have an income source to invest in Bitcoin.If we have another source of income then we can continue our investment with the money we get from monthly salary apart from our family needs.

People can now easily invest in Bitcoin with their limited income through DCA method.If a person accumulates $50 worth of bitcoins per month, his total bitcoins at the end of the year will be (12month×$50)$600.

If the same person can prolong his investment for a long time i.e. up to 10 years then after ten years the total amount of invested bitcoins will be (10year×$600)6000 dollars. If he continues to increase his investment by another $20 each year, the amount of bitcoins he has invested will grow by a much larger amount.

If you are investing in Bitcoin for the long term, it's not a wise strategy to hold on to your investment for 10 years without considering withdrawing when you make a profit. Since the price of Bitcoin has changed significantly over the past 5 or 10 years, it's better to withdraw your investment when you achieve your selling price or earn enough profit. Continuing to invest for such a long time is not recommended.