Bitcoin Forum

Buy a little bit of bitcoin every week don't care if it's a $1, $5, $10, $100, figure out what you can afford every week and buy it, get rid of unnecessary expenses or whatever you can think of getting rid of and spend it on bitcoin
5 to 10 years if you buy some every week you will be a multi millionaire

That's Dollar Cost Averaging (DCA).

It's what everyone is suggesting to do and I hope that many listens. No problem to us that knew this strategy and have been doing it for so long. While for the minimum amount.

Take note that not all exchanges are good with small amounts like $1-$5 because some of them have minimum as low as $10. So, that's just my concern but it's no biggie.

Buying Bitcoin regularly, investing small amounts, is a good strategy. However, I wouldn't say that the amount doesn't matter, and I also think that dong it monthly can be much more convenient than doing it weekly. The amount matters because of transaction fees. Bitcoin transaction fees have been spiking really high recently, with some websites indicating that a current average fee is nearly $30. Needless to say, it's not a good time to transfer Bitcoin, now even pretty significant amounts worth around $100. So $5, $10 are just not realistic sometimes, unless we're talking about purchases on centralized platforms, but, as was pointed out by livingfree, they have their own things like a minimum amount, and there can be additional fees as well.

I agree. While regularly investing a set amount of money over time (known as DCA) is a common way to invest in Bitcoin, it's not the only technique out there.  DCA can be a solid approach, especially for newcomers or those who like a more passive investing style, because you end up paying an average price that smooths out short-term volatility.  However DCA isn't the be-all and end-all.  There are other methods to mull over, each with its own pros and cons.

Investment is always risky so no one can guarantee profit here.  And it is not possible to say how long it will take for profit so one should invest according to his ability.  As if he would stop at nothing else for that money.  If not, he may have to withdraw that investment and if not, he will have to take a loan from some other place and at that time the loan will also be very dangerous for him.  Because where he does not have enough money to meet any of his expenses then how will he repay the loan later after running his daily expenses

That still falls on DCA. That would be the best strategy so far that mostly works for everyone. While some can afford all in investing that indicates higher risk but majority still follow doing DCA as the risk to lose can be likely controlled.

You can chose if you want weekly, bi monthly or monthly, that depends on how often you make an income. As long as you do it consistently, you can easily maximize your investment portfolio and make you instant multi millionaire after long, indefinite years of hodling.

Many people have bad habits and spend a lot of money to fulfill them. If you invest that money in Bitcoin then you will benefit the most. Once you start investing in Bitcoin, you will definitely not want to withdraw from the investment. Because investing in bitcoins will definitely increase your money, so you will always be engaged in investing. @Op I definitely like your move because with little videos it is definitely possible to own a large fortune one day with Bitcoin alone.

Instead of buying btc every week for $1, why don’t you just keep it all until you have more to buy btc by the end of the month that way you’re not buying btc for little amount and high transaction fees i am always encouraging people to invest in bitcoin i say that it doesn’t have to be huge amount but they should also be realistic if they want to see profits

This practice I often use in investing in bitcoin as a DCA method, maybe it can also be said to be a common practice and is often discussed but in my opinion this is one of the techniques that many people use to buy bitcoin as an average price, every week to always set aside is something good I have been running for several months and hope to remain consistent to continue DCA in the long run, about the weekly budget it doesn't matter how big or small it is, when you can afford it you do this method.

Who doesn't want to be a millionaire in the next 10 years? Of course everyone does.
Don't think too much about it and now how this DCA should keep running all the time for years, the most important thing is that you have to stay solid and manage all the budgets you have including not buying unnecessary items that must be put aside first.

Your title says the best advice for anyone going into bitcoin while you are urging people to buy some BTC every week instead of buying things. This means your post's main goal is to tell people who are spending money on things that if not bought will not affect your life. So, the title should be like the best advice for anyone going to spend money on necessary things.

I admire your suggestion and it's a good one but it is also necessary for the investor to know the time it will take for him or her to become a multi-millionaire. Many newbies might be thinking they will become rich while having no basic knowledge of how and when and is it even possible.
The strategy you have shared to invest in BTC is known as DCA and you should also talk about it in your post so newbies would know about it.

Haha, simply what Op wants to say is just the DCA. I do agree with him, it's the best piece of advice who want a long-term opportunity in the financial world especially in the risk investment markets.

I cant say multi millionaire but it will be the best investment of your life. For every nebwie most of the forum members do recommend this investment strategy. Hehe seems like Op is already pretty familiar with it still you finds tons of topics on this perticular subject.

I dont recommend buying with that low like 5 to 10 dollars. The gas fee is quite high and if youll only buy little then your gonna waste gas fee for a little quantity. As much as we wanted to buy a lot, better to go for bulk buying since the fee wouldnt permit as to buy and sell with reasonable price.

Bitcoin is an advisable investment one is usually asked to invest with what is affordable to be tolerated if lost so basically, most persons are preferred to spend unnecessarily as they feels the joy in the meantime even though they don't profit from it than investing on a probability asset that is liable to be lost as may usually be Bitcoin Investors advices so, having such a Bitcoin accumulating tasks as OP mentioned are sometimes easy to say than to do even though it benefitable.
Don't also forget to considering the investors alternate source of incomes and incomes rate before craving for hodling of such period of time.

And I agree, for anyone looking to invest long-term, especially in volatile markets, it's pretty solid advice.  stick with it, put in what you can spare on the regular, it'll likely be one of the smarter money moves you ever make.  

Who really knows though and  some folks seem to think DCAing a little bit into bitcoin every paycheck till you retire is how you end up set for life.  Not gonna argue.  But even if it just helps you slowly build up a decent little portfolio... cant hurt.  Way I figure anything promising potential upside without too much downside risk is worth considering.  

My question, though: How feasible is DCA when depositing tiny sums? Don't transfer fees eat into returns? I'd be curious if certain above-board platforms enable frictionless incremental investments.

Do it as a weekly or monthly buy because that amount will just be gone because of the high fees now. So, it is two things for you those that will DCA, save your money and wait until the fees drop down before you buy.

I don't want to give false hope. It's possible if we're back several years ago but saying things like this is unlikely at this moment. You gotta be good in calculation to say that someone DCAing with a couple of backs up to a hundred weekly and within 5-10 years, they'll be millionaire. Don't make it look like a ponzi but I think max would be a hundred grand but not  millions.

In short, it's Dollar-Cost Averaging. :D

Though that strategy is already proven to be one of the safest (if not the safest), and one of the best strategies especially for newbies, this type also takes time to maximize your profits. In crypto, you need at least 4 years to maximize your profits (that is if you believe in 4-year cycles), and not all investors have that amount of time to wait for their profits, so as much as I want this for many investors to be using this strategy, the older ones can't use it or at least they can't maximize it. If you're a young investor, doing DCA would be a good strategy.

I just don't like the fact that you're saying that in 5-10 years, of buying every week you will be a multi-millionaire. Is this proven already? If yes then where did you see it? I mean I don't buy Bitcoin daily, but I don't believe that I would be a multi-millionaire if I did. Consider also the fees that you will be using as well. That's also the reason why many investors opt to buy Bitcoin on a weekly and sometimes, on a monthly basis.

Good advice but incomplete, how do you want someone to accumulate Bitcoin with $1 or $5 with the present insanely high transaction fee? Right now it costs $10 to send Bitcoin to your wallet, it means the beginner need to save up their money first to a certain amount, like $100 before they can accumulate which is not encourage for me.

Unless they are willing to learn about Bitcoin Lightening Network first which still isn't encouraging for newbies as they will feel its too complicated.

Since it's has been discussed alot of times about investing gradually which is called DCA, everyone looking into buying Bitcoin is only advised to buy bit by bit on a weekly or monthly basis depending on your capacity is for the mere purpose of not missing out (FOMO). There are lot of ways to do the DCA but it best done manually but if you decide not to calculate it yourself you can go to websites that has to do with DCA hence calculate for you due it's not endorsed by the forum.

Mind you DCA is just the most recommended there are other methods that has to do with Bitcoin investment, you can also develop your method which suits you best.

Your title "Best piece of advice to anyone going into bitcoin", in other words, it's an Average Joe who doesn't understand about Bitcoin.

Think like this, you only know Bitcoin is a digital currency, how you can trust it and commit to invest every week then hold for the next 5-10 years?

Teaching someone by ask them directly to buy Bitcoin is bad, you need to start from beginning to make them to understand about Bitcoin and fully prepared before to own it.

No, it's not possible for everyone to be a millionaire or multi-millionaire by investing $1 to $100 per week. If someone spends around $100 per week on Bitcoin by following a DCA strategy it would take around a full year to acquire to accumulate just a small portion of Bitcoin. At current price of Bitcoin and it's up moving trends I don't think that someone can accumulate a full bitcoin even in 5 years if he/she does $100 DCA strategy for consistent 5 years.

The DCA strategy can help someone to accumulate Bitcoin but that strategy won't make everyone millionaire. I would still say that someone who invests $100 per week on Bitcoin will be able to accumulate enough Bitcoin in 5-10 years and that would make someone financially stable if Bitcoin reaches $1M to $10M a coin. You can of course become financially stable by following a weekly DCA strategy but it won't make you a millionaire in 5 years.

This has been discussed in the forum a lot and it's DCA (Dollar Cost Averaging) and that's what I have been doing for a while and trust me the outcome on longer run is amazing as you never feel any stress because it's just like your PF which you would be investing. But still there are so many people who don't use this methodology and I believe whoever don't believe in DCA are here only for gamble. People lose money only because they want quick gains which leads to either quick gain (which is eventually lost due to greed) or losing it all.

I think "best" should not be in the title because it's too exaggerated. The thing is, this advice is average, or everyone could think of it, even a beginner. Anyway, about the term every week, don't you think it's too exaggerated to buy even a piece of bitcoin or satoshi every week, even if you are? If you invest in bitcoin and want to do DCA, it's still not a good idea to do it every week because you still need to consider the price. If you buy a satoshi this week and the bitcoin price drops, then that certain position will also decrease. In short, you should add in your statement that they should "think" and "analyse" where they will place their position or when to buy bitcoin or satoshi to make a profit. You lack information; you give advice that I'm sure everyone knows. We appreciate your concern and advice, but you exaggerate too much.

The solution is the lightning network, but unfortunately not everyone likes this network.

Buying bitcoin with a small amount of $5-$10 and then withdrawing it to a personal wallet does not make sense because bursan now applies high fuel if I'm not mistaken the average withdrawal from the exchange is 0.0004 this amount is quite large and exceeds what was invested around $10.

Unless you choose this option although there are still risks: You continue to do DCA with a small amount of say $10 every week and keep it on the exchange for a few months after the bitcoin has accumulated more then you can withdraw, maybe this will only take a gass fee once, but this once there is a risk that you store it first on the exchange.

Well, I'm trying to understand the point you outlined in Op.
This method is a strategy by investing regularly over a certain period of time depending on the amount you have. This strategy is also often used by investors who have been involved in the crypto field for a long time. When they make investments, they often use this method or what is better known as Dollar Cost Averaging (DCA) in order to reap maximum profits. If you are the type of investor who does not want to take high risks and is primarily focused on maintaining investment value, then the DCA strategy is the right choice.

This strategy is very suitable for beginner investors because through this strategy it is like they are saving consistently every week or month. DCA is also very suitable for Bitcoin, novice investors do not need to carry out further analysis on Bitcoin because its durability has been tested in the market, due to Bitcoin strong fundamentals in the market, they have very little risk. The DCA strategy is very suitable to be applied to Bitcoin and will work optimally and can avoid FOMO.

This is a great idea. If we can make long-term bitcoin investment according to our ability then surely something good can be expected. We can invest in Bitcoin without keeping our monthly income in the bank and it is never good to be in a hurry when it comes to Bitcoin investment.  Many times when the Bitcoin market goes down, we get frustrated and withdraw our capital. That is another type of damage. Must be patient and long term investment is really profitable.

In summary, you are advising that the DCA strategy be practiced. This same advice is always said here to everyone who is seeking for a strategy to invest in bitcoins.

If the money you want to invest into bitcoins weekly is as small a dollar, you should consider giving your investment time and DCA less frequently by increasing the intervals, so that you can have the time to add more money. If you have also noticed, transaction fees are high, it is not the time to DCA little money that transaction fees will devour.

Love the idea of chipping in for Bitcoin every week, Small amounts can add up over time, and it's a smart move. Cutting back on unnecessary spending to fund it is a solid suggestion but do not stop yourself from going out and having couple pints with mates once a week.

Sounds like you clearly figured out a good DCA strategy of investment by yourself Op and it's a good advice because one of the first things we learn here about investing in BTC or cryptocurrency in general is to do your own research, DYOR.
Also another yet important tip is to not invest with money you are not willing to loose because BTC is as volatile as the market seasons that would make one make profit or loss during trading.
Still, the value of BTC will support this idea of investment because it has gained more ground and has more say than before among other crypto currencies out there and is the leader to first make its mark in the decentralized network.

This is the best way of investing Bitcoin if you don't know how to analyze the market. Since we can't predict the market, we don't know when exactly we are going to make profit in Bitcoin, maybe today, next month or even a year, but I assure you that you are going to make profit in Bitcoin if you are willing to wait. If you want to increase your profit potential by investing Bitcoin, you have to learn how to forecast the market. Mastering the market structure is enough to determine which level do you have to wait for the price to come before you invest. It helps you instead of buying at a peak price, you can buy it at a discounted price.

it is an investment using the DCA method, where someone invests regularly to be able to get a profit in the future. investing with this method is very good for those who want to invest in the long term and have limited money in their wallet. but compared to investing every week, it is more recommended to invest every month, because it is much more efficient and not complicated for investor.

I agree with things like this, I got to know Bitcoin in 2017, if I had saved it first and made regular investments I might have become a millionaire hehe, I have also started investing in it, although not so much every week I save at least $5 Within a week, it will be withdrawn to my personal wallet once I think it's enough to transfer to reduce the fee

A small amount of investment does not matter but regular investment is the best investment. If we have heard about DCA then it would be best for an investor to invest in DCA method. Here if a person invests $5 or $10 a week using DCA then after 10 years his investment will be very long and grow. But here it must be remembered that your investment must be done regularly and cannot be stopped if it can be invested accordingly then surely after 10 years he will own a lot of money. Investing with such thoughts would be very wise indeed. Let's invest in the wisdom provided by the OP to reduce many of the unaccounted expenses in our daily lives.

Do you realise that this is a contradiction in principle? You can't be a multi-millionaire instantly and after a long time.

Apart from that, people commenting have not been aware of the amount you have to invest on a weekly basis to become a multi-millionaire in 5 or 10 years, which is much more than $5 or $10. Just use https://dcabtc.com/ for that.

To give an example, it only lets you simulate a maximum of 9 years, with which investing weekly $100 would accumulate $800,000, and that's taking into account that it is based on the last 9 years where the returns were higher percentage wise than they will be in the future.

But I don't even know why I'm explaining this, because this thread will easily turn into a multi page where everyone will keep repeating how cool it is to invest in bitcoin and that investing $10 a week will make you a multimillionaire in 5 years.

Buying bitcoin gradually can be so difficult and sometimes tiring to some people that are looking to accumulate more in a short period of time because of the volatility nature of bitcoin. What is to be known is that we can’t all invest equal amount of bitcoin or get to accumulate the same amount of it while using different method to purchase them. My advise for anyone going into bitcoin is that, they should have a target and they should work towards achieving targets. The process of accumulation shouldn’t bother them too much as long as they are achieving their goals and still working fervently to make it a reality. $1 or more can be used to purchase bitcoin, as long as it is buyable and can be saved as bitcoin.

Yeah, that's the strategy of investing in DCA (dollar cost average), which is when you invest a particular amount that you are willing to afford after your other expenses. The investment could be made daily, weekly, or monthly, depending on how frequently the person is receiving their salary.

Some people are bent on procrastinating their investment until the bull market starts; that's when they start regretting why they never invested when the price was still low. Some of them may use the FOMO and buy at the wrong time, where they will have to wait again for another bull market.

For me I like to advise people to only invest what they can afford to lose… just because it’s Bitcoin doesn’t mean you shouldn’t do proper calculations… volatility isn’t always your friend. Many people think they can get rich overnight, for those who think so, drop that believe and stop investing all the money you have at hand. It’s better to invest $5 and leave it there for 5 years than to invest $50 which you’ll take out in a couple of days. Spilt your money properly and map out a fraction for Bitcoin investment if that is what you need to be consistent and steady.

Welcome to the forum, but better welcome to bitcoin... the other thing is not so easy, becoming a millionaire. But, having the option to choose is a great benefit as well.

Whatever technique you implement in the acquisition, please it that does not affect your current or future well-being.

There are lots of different pieces of advice for anyone getting into Bitcoin, its not all
about DCA its also about what Bitcoin is, what it was designed to do.

Then there should be an understanding on how the markets move around Bitcoins 4 year
cycle and how if not prepared can cause DUD and FOMO and then related to that there should
be a willingness to set goals and be patient.

I also think this strategy is very wise to take, especially for those of us who keep fiat currency fixed deposits in banks for a certain period of time as it can act as a replacement. Here own funds will be more secure and will not be controlled by anyone. Moreover, I think keeping assets in fiat currency means decreasing the value of assets. Also DCA method is best to use for long term strategy and perfect for beginners who don't know anything about trading cz it morely reduce the risks.
I will not disagree with you after seeing the current situation. I myself took such a strategy that I would buy bitcoins for $10 per week but finally I found that if I buy $10 per week then my withdrawal cost would be high, so now I make a monthly investment which of course depends on the price of bitcoin and always also try to find a dip monthly.

Consistently buying regardless of the amount will surely make your bitcoin volume increase. That is if you have weekly funds that you considered spare money that you intend to invest. DCA really works for most of us, and with patience and consistency in what you're doing, you will certainly achieve your target goal on bitcoin.

If you realized this while bitcoin is at cheapest price, then you must be already a multi millionaire today. But even so, regardless of the price of bitcoin, it's still best to DCA. That way, you will never come to spend a huge amount in one investing, as you chose to do it consistently with small amount of purchases.

Implementing a DCA strategy over the long term is often a good idea, however it is also important to take notice of the subtleties that each market has so you can make the best out of your limited resources, and at this time investing such low amounts on bitcoin will cause you a headache as the fees are too expensive right now, in light of this, it is better to perform your strategy in a monthly basis so you can accumulate more cash and this diminishes the amount of transactions you have to make.

Your advice to save money and invest it all at once, along with the possibility of increasing the amount invested, seems reasonable. If my memory serves me correctly, the lowest amount one can invest in Bitcoin is $10. How many $1 will he invest to make a profit? If you calculate the $1 invested in a month, he has only invested $4, which defies logic. You also raised an excellent point regarding transaction fees the best way to keep your assets safe is with a wallet. In my opinion, the man needs to do more calculations.

The plan is sound, but there isn't enough money to make it work. He should raise his budget; if that doesn't work, he should wait until his pay improves. The commitment is reasonable, but there isn't enough cash, and I have no doubt that someone with this kind of drive can become one of the greatest investors; all they need is some solid capital it will be much better.

This is basically DCA and that has been the advise we have be singing for sometime on the forum. We have to let go of the mindset that we most have a specific amount of money before we can buy Bitcoin instead with any amount we have, we should buy or saved to buy when we have enough capital to execute a trade. What matters most is your consistency and it'll pay off at the end of the journey. If you're buying Bitcoin for a very long time you'll get to a point that you're be buying at a lost but that won't matter since you'll be only concerned about accumulating because you know how the story will end with you rejoicing.

You can't go wrong with investing in Bitcoin. When doing this, make sure you're not investing above your limit and you are strong to withstand anything the market has to throw at you to make you give up on your goals of accumulating. Set a goal for yourself and accumulating because easy, don't just accumulate but have a plan that you need to reach in a specified time and when you do this you get a sense of fulfilment from completion of that goal and also owning Bitcoin. It doesn't matter how little you're buying but just keep buying until you have gotten enough for yourself. When investing in Bitcoin, play the long game always and not get distracted by the gains you can make by shorting or longing the market.

This is not really applicable while transactions fees is high because the capital you've said is even lesser than it's transactions fees so definitely not going to be possible. But if you do it monthly, you can save from your transaction fees and you can maximize your purchasing amount. Buying does not matter whether it takes place monthly or twice monthly, consistency is what matters the most.

While DCA is a good and proven strategy, you can still chose to invest all as long as it's bitcoin and your intention is to hold it longer for bigger and more satisfying future profits.

It is called DCA and indeed in this case there have been many discussions about bitcoin strategies that use the DCA system, maybe even in every discussion with the theme of bitcoin and purchases, surely everyone will suggest DCA as a form or strategy in purchasing.
I think this is quite common because after all this is the best method used if indeed the goal is for the long term but on the other hand we also need to remember that this must be accompanied by several important things including about the financial problems we have today.
That is the most important thing because after all when we use DCA as one of the methods that we want to do then indirectly we also have to look at the budget we have starting from the income we get per month and the expenses we need to support ourselves and family (if we have one) because this is important considering DCA is a strategy for the long term so don't let by doing DCA you actually ignore the economy and the needs you have because this is a long-term strategy not to interfere with your daily life.

 
The idea of investing in Bitcoin is good, but the way you are suggesting investing, I don't think anyone can become a millionaire in five to ten years. The purpose of investing in bitcoin is not to buy up bitcoins and not be able to make a profit at the right time. Always have knowledge and understanding about market fluctuations, bear season, and bull season before investing.
 
This is because we always make a profit by buying low and selling high. When you don't know the right time to buy and sell, the market may fall at the time you plan to sell, and you may not get the profit you are investing in. So one should never invest in Bitcoin with the thought that I will hold it for the next 10 years, but when it gives a good profit, we should sell, and when it gets a low price, we should buy.

Nothing new as it's still DCA. Well, I have no issues against doing DCA but if you consider the current high transaction fees, you will become hesitant to follow this advice because the high fees will only eat up your capital. You only lose your capital in exchange for its transaction fees which I think is not ideal to do. If you want to really follow DCA, then just wait a little bit until the fees gets back to its normal price.

However, I believe majority are doing DCA these days, not only it will lessen the risk to lose your capital, but it's also a great strategy to increase your investment portfolio without noticing the total amount of your expenses.

If you can do it consistently, then it will really be useful in the future. Whether you invest it until you are bullish this season or wait a few more years, then it will really be worth it.

Some of the important things you should pay attention to are:
1. Pay attention to the right time to sell or take profits. Try to make sure it's a bullish era, even if it's a few years away, because even if you have held your Bitcoin for 5 years or more, if you sell it when it's bearish, it will be problematic. So also understand about bearish and bullish cycles.

2. Pay attention to transaction fees and minimum purchases on a platform. Usually there will be a minimum purchase. And the more often you buy means the more often you pay fees. So, make sure you want to buy it once a month or once a week.

3. Ensure the security and privacy of our assets. If you want long term holding, don't store your Bitcoin in an exchange wallet. Make sure you have cold storage or a hard wallet for much safer storage..

It is a very good point to start of course people already made mentioned of it as an accumulation period that is called DCA doing DCA is a best to help an investor achieve their goals on investment even though they don't have enough money or are afraid Venturing into the market fully this method will help them maintain a certain level of orderliness without falling out of patients to keep moment going in order to achieve their investments journey.

As long as you can invest, or what we say here "invest what you can afford to lose", will eb good. Specially in the long run, or at least invest on the bear cycle and then see how it goes when we go on the bull run and price hitting all time high. I know that it will take a lot of mental toughness and fortitude for small investors like the majority of us. But I think if they can do it, then everyone can achieved that as well.

Yeah, 5 years might be a good gauge to see how you did or how much profits you have. 10 years might be a stretch for others, but then again, it boils down to your attitude and mentality. If you have goals to be millionaire in the next 10 years then yeah do it.

It depends on the season at which Bitcoin is, either during the bearish or Bull season some other factor may be as of the income of the person, if he earns monthly or at specific intervals then he is required to carry out the DCA method with which you have outlined. It will be good as well to set up  budget and a time frame at which you wish to accomplish it.
If the person has already gotten the money stacked and Bitcoin eventually enters into a very bearish season where the price DIP so much then the person has every right to buy massively at that point where it won't also affect his cost of living so he won't alter his investment.

Why buying a little bit every week, paying selling and transaction fees to do so, when you can become a member of this great forum, educate while doing so, and at a certain level can earn btc through participation in signature campaigns.  ;D

Sure buying is the easiest way but considering all the fees connected I am not a fan of the idea of spending fees every week for these transactions.
Thinking OP means to buy small amounts every week, this will eat up a lot of money and it makes more sense to buy bigger amounts, but obviously in a less frequent time frame.

Or as I just said, try you best to rank up and earn money by participating here.  ;)

Yes, and that strategy was called DCA. It is a strategy most used by Bitcoin investors and most commonly advised to newbies. Instead of buying Bitcoin in a lump sum, which commonly leads investors to sell their investments if they fear being at a loss or having no more money to invest every dip. This way, even if the investor buys Bitcoin, and Bitcoin price suddenly goes down lower than expected, an investor still can invest more without thinking of selling the first invested money in Bitcoin.

The amount always matters: imagine the difference between someone who buys $5 of Bitcoin every week and someone who buys $100. In the first case, you can invest $240 in a year, and in the second, $4800, the difference is huge, but I doubt that by saving even $100 a week you can become a millionaire. The time of purchase also plays a big role, despite the promises that Bitcoin will cost a million, I very much doubt it, so I believe that if you buy Bitcoin now, your investment will not increase much.

That's good advice, but honestly that strategy isn't realistic for most folks.  Building up enough on forum to actually qualify for campaigns could take crazy amounts of time - I'm talking months or even years here.  And even if you somehow make it to Legendary status or whatever, you still have to write solid contributions to be eligible.  So while it might pay off for some ultra-patient, unemployed super users everyday people are better off using a simple dollar cost averaging plan to invest in bitcoin with the spare cash they have and  its way easier to just set aside a little bit from each paycheck than trying to become some forum celebrity.  I mean if you actually have that kind of free time then hey, go for it.  But most of us have real jobs and responsibilities already.

Personal finance will increasingly prioritize consistency over capital size. DCS's simplicity - invest when you can - is its beauty. To reduce cryptocurrency market volatility, this method is crucial. Yes, time in the market is more important than timing. Remember the importance of risk management. Bitcoin investment can be rewarding, but all investments have dangers. You're right about not overinvesting. Ambition and caution must be balanced.

Setting measurable goals is essential. More than just acquiring Bitcoin, we're developing financial stability. This paradigm shift is crucial as society embraces digital assets. In the volatile Bitcoin world, your vision and rigorous investment strategy are a winning combination.

That's just easy enough to say, mate, because even now some people still can't do something like that every week. Moreover, on certain exchanges there is a minimum deposit or minimum buy which has been made specifically by the exchange so that everyone needs to adjust this when they want to buy Bitcoin every week. Because one to five dollars is a very small amount to buy Bitcoin and some exchanges cannot buy with such a small amount of money, mate. But for ten dollars to one hundred dollars, I think it is still quite possible to do it every week.

If we can make it a success yes. But for now, it's only easy to say it without doing any actions. There were lots of obstacles along the way which can prevent us from getting in our destination.

But, once we overcome all of these, all of the hard work and patience that we put in, are going to be very worth it. Keeping all of our income in the bank is a silly idea. first, it was very risky. Then second, what we will be using for spending? People can only keep a portion of it. But for me? I find it better to just store this money in BTC. Not only it is safe there (in a way that I can only control it), the return that I can get to it is also much better.

My understanding is that anyone who wants to invest in Bitcoin has a thousand ways to do it, in essence: is there a will to do it, that is the main key that must be planted.

Apart from that, if we have the principles and commitment to do it, of course the idea you have is also one of the best factors to do, for example: set aside $100 x 12 = 1200 per year per month, meaning anyone who does this in 5 years will already have $6k in assets, sure thingthis is interesting to do.

There is another more interesting way, investing in dollars, wait the next five years, because the price of Bitcoin is always changing, who knows when the price of Bitcoin hits the price again at $6k, Of course we already have 1 Bitcoin for the investment we made, but it's up to you what's best to do, it's just an idea.

This kind of thinking should be immediately applied by anyone who has been involved in Bitcoin if they have a consistent opinion. Money that is not used for other needs would be better saved in Bitcoin using the DCA strategy. Buying Bitcoin regularly or better known as DCA is a good strategy for long-term investment, the amount of money you want to invest does not really affect the strategy you apply. However, it would be better if you did DCA once a month rather than buying every Sunday, the aim is to save on transaction costs which have been very large recently.

That's right, in short we have to use money that is really unused and also estimate transaction fees because lately transaction fees for BTC are a bit expensive, but in my opinion there are also many alternatives to buy BTC or enter large exchanges. for example Coinbase and I think it might be a better and safer choice.

It is not profitable to buy bitcoin for $1, because the relationship with the transaction commission will be more unprofitable than when buying for $100. Don't forget that the cost of the commission will be built into the purchase price and the burden will fall on the buyer's pocket.

With numbers like $1, $5, $10, I think you should save up and make a purchase once a month.

It’s hard to imagine what expenses you want to get rid of if you’re going to buy bitcoin for $1 or $5.

You are seriously overestimating and greatly mistaken if you expect to become a multi-millionaire this way.

By the way, but you, however, are a modest person, saying so "Best piece of advice to anyone going into bitcoin". :)

It would be nice if you could share your personal experience of investing in bitcoin, if you allow me to give such advice.

You became too lenient with the numbers because I doubt that you can become a multi-millionaire by investing $1, $5 or$10 every week for next 10 years.
But if you invest $100 then there is a possibility of that happening. Dollar Cost Average is the best technique to stay invested in potential assets over long term to get good profits.
 

The idea of ​​investing small amounts consistently over time is a good strategy for building wealth, but it's important to be realistic about the potential results. While it is possible to see significant returns on investments over time, becoming a millionaire within 5-10 years from just small weekly investments is not guaranteed for everyone. If you have a moderate income, your daily routine may involve budgeting for groceries, finding deals on essentials, and carefully planning expenses. For those with low incomes, the daily cycle may involve scrimping and saving, searching for affordable housing and transportation, and relying on assistance programs for assistance. If you have a high income, such investment in Bitcoin in your daily circle can bring you a good profit but never make you a multi-millionaire.

I think that you should decide what $ amount to buy before your expenses, not after, in that way you wouldn't have the temptation to buy, I don't know, another pair of shoes or a $20 drink and then, at the very end, you check your balance and you can only afford to investi like $30 because you already spent $300 in useless stuff. Do it the other way around and it's going to be way easier.

Why not gather the meagre amount like the $5 & $10 you mentioned weekly and then buy once a month to save tx fee. Don't be amazed that anyone who's buying in bits now will have a better part of their funds eaten up by fees. It's a crazy moment the Bitcoin community has found itself. In furtherance, anyone buying meagerly shouldn't expect to reap much during the bull run. So, one has to take an appreciable level of risk to earn well now with Bitcoin. Gone are the days when Bitcoin did stupendous ROI on meagre investments.

DCA strategy is always advisable and a lot of people love using this strategy especially newbies who are still learning, it's best not to buy with huge amount when you don't have enough money to settle your needs, with what others are saying the amount you mentioned looks too little and with the high transaction fee, it's always best to invest what you can afford so I can't really tell what someone earns monthly, it seems like you mentioned what you can afford why not hold the money or double the money instead of buying with a low amount, when it comes to financial issue a lot of people lack self discipline and can't control  them self, if any investor find  them self in this category there's no need inventing and it's very rare seeing someone like this succeed with their investment, doubling the money can help, for example rendering service or making good use of your skill and get paid or rendering loan with interest etc, I think with this idea you can invest with the profit.

The best piece of advice I can give to anyone going into Bitcoin is to do their research and to be prepared for volatility. Bitcoin is a highly volatile asset, and its price can fluctuate dramatically in a short period of time. This can be both exciting and nerve-wracking for investors. However, if you understand the risks and are prepared for the ups and downs, you can make a lot of money in the long run. It's also important to remember that Bitcoin is still a relatively new technology, and there is a lot of uncertainty about its future. However, if you believe in the potential of Bitcoin, ....


worthwhile investment. Finally, it's important to diversify your investments and not put all your eggs in one basket. Don't put all your money into Bitcoin, even if you believe in its long-term potential. A well-diversified portfolio is the best way to protect yourself from risk and maximize your returns. Diversification can also help you to take advantage of different opportunities in the market. In short, do your research, be prepared for volatility, and diversify your portfolio. These are the keys to success when investing in Bitcoin.....

How long it has been since I've been holding Bitcoin. In terms of dollar, I'm not a millionaire but it's been more than 5 years but the price of Bitcoin has been better this time. I'm still waiting for that we see the price fluctuations of Bitcoin goes up to $100k and from there, another achievement will be made by everyone that's been holding for so long. I agree to do any amount when you're comfortable and able to afford because that's going to be your future in the hands of Bitcoin.

I say wouldn't be 1,5, or even 10 be too small? I mean the fees alone would probably cut those by at least a quarter. That, or you do it monthly or every half a month, which I do. I've been doing it afaik for at least a year? and I say I've profited well enough since I bought at the dip.

I do agree with getting rid of unnecessary expenses though, most especially subscription-based type of payments you do such as yt premium, spotify, etc. They're mostly premium stuff that you'd buy if you want to reduce some pain in the ass hassle but other than that, you don't really need them. Heck there's a lot of ways to bypass said pain in the ass hassles like ads so I don't think you really have to buy premium stuff like those.

It's clear that this is DACA's way; now if you do what you say with bitcoin, I don't see anything wrong; rather, it's a good way. And this method can be done with any cryptocurrency.

It's just that if you do it centralized, the 1$ to 5$ is not applicable to centralized exchanges because usually the minimum amount to trade in them is 10$ and up. But if it's done every week for 10 years, it's really good, for sure.

Yes, being consistent is very important. They say, "A little bit every week." Very smart advice, indeed! It's like putting seeds in rich soil; if you keep caring for it, you'll get lots of crops. Friends, Bitcoin is more than just a currency; it's a change in how people control their own money! To be clear, though, it's not a magic bullet. It takes self-control, planning, and a bit of bravery. Giving up today's comforts for tomorrow's riches is what business is all about. In 5 to 10 years, you could look back on your weekly obligations and see how each dollar helped you get to a pile of money. Not only do I want to become a millionaire, I also want to live in a future where I have complete power over my money. If you follow the Bitcoin way of life, everything is open to you.

Don't give advice unless you're a licensed financial advisor.  I do understand what you're saying and where you're coming from, but this truly isn't good advice unless you know that they can fully afford to make such a purchase.  I do like how you explain the DCA (dollar cost averaging) structure..but there is NO  guarantee that doing this will make you a millionaire, and it's sort of irresponsible to state such things.

You're heart is in the right place though!

What you want to express is called the DCA strategy. It means to buy whenever you can, especially on every dip. This strategy is very well known, and we are all aware of it. Most likely, the OP is still not aware of that DCA strategy; hence, I feel you should learn about it and how it works. Still, you are a newbie and have to learn a lot of things here. Though there is no restriction on creating an advisable topic for newbies, it's always better to have proper knowledge of what you are going to write. Anyway, this strategy is one of the most popular for bitcoin investment.

Truthfully speaking most things work like that, lets suppose you wanted to learn how to speak another language, most people when chasing that goal will at most practice it for a few months before giving up and not learning much, however the person that is willing to put a small amount of effort every single day for years will be the one that actually masters that new language, and once they look back at their journey they will realize it would have been impossible to reach the same results if they tried any other method.

Where do you can buy Bitcoin $1?  ???
I think it is better to buy $50-$100, just collect the money first if it doesn't reach $50. Buying $5, $10, $20 seems not really worth because it will spend too much trading fees. Moreover if you send it to your private wallets or your hardware wallets. How you deal with the transfer fees? You must realize that the transfer fees is getting more expensive nowadays.

I think you don't need to buy each week, you are better to buy every month with better amount of money. Sure, you will have good number of Bitcoins if you buy Bitcoin every month, specifically in the bearish season when the price is cheap enough. It is up to you to hold how many years, but you must understand that we have 4 years cycle. So, I think the option is to hold 4 years or 8 years.

In short, do the DCA. It doesn't matter if you have small or big amount, what is important is you do it consistently and increase the volume of your bitcoin portfolio months and years doing DCA. If you keep following the DCA pattern, you will never find it hard investing in bitcoin because you are not doing all in investing, but more likely an installment basis. And that's the good thing about it because you will never force to borrow money or take some debts just to start buying bitcoin since you only spend an amount that you can easily afford to lose.

This is what my friend does every month he pays. Well, that's at least quite a lot. I don't know how much bitcoin assets he has now, but if you calculate it, it's not even been a year. You are right. saving in bitcoin even without admin fees we just wait for the increase where the increase will affect our assets too. Unfortunately some people are very difficult to get to save. but if it is proven as long as we are strong against market FUD I am sure it is not difficult to become a millionaire this way. This also relies on consistency to become a millionaire, it's not instant.

Besides most exchange (the centralized one) have minimum amount requirement to buy BTC and mostly it is around $10 so better to save up.  And with the crazy transaction fee surge recently, it will cost us more if we buy at those amount range and worst, to save up, we will leave our precious satoshis in the care of the centralized exchanges.


They can skip one meal, probably the snack time so have 3 meals each day instead of 4 or 5.


Why not lay out a calculation to support your claim.  Remember Bitcoin break its ATH every 4 years, and as it breaks its ATH the multiplier goes smaller. Saying you buy BTC @ $1 every day, you get $365 for one year, and assuming you accumulated for 10 years, that will make your accumulation expenses worth $3650  and from that, only 40%-50% of your investment has profited since during that time, the other 50% would have been in a negative profit since after the second breaking of ATH, the 2 years after, the price of BTC would be less than that current cycle ATH.

So yeah, do not exaggerate things and better be in reality to not get disappointed in the end.

The amount you accumulate at some point is subject to your total inflow cash since that will be your purchasing power and there be need to follow up with things based on the availability of that resource in four position,  so what seems to be a big investment amount to one can still be considered to be a low investment to the other, but then applying DCA approach and having a steady accumulation process will help you to accumulate a good number of Satoshi along the line no matter what the condition of the market could be and how much you set aside to put into it as a straight one-time buying off Bitcoin.

Most of the times,  consistency in buying is what matters most and how much time you are ready to wait or keep accumulating is what also make more sense and help increase your total amount in holding on the long run so for such it is very important to stick to the rule which is to buy more are every opportunities and interval with long term in mind.

Making bitcoin purchases in stages every week is very good for the long term and if you don't know the term periodic purchases, it is usually called the DCA technique. But you need to remember, you can buy bitcoin every week with any amount of money. But don't forget to stay calm and don't get too excited until you invest the money you need for your living needs. So use cold money, whatever the nominal value, because investing in Bitcoin with cold money can be said to be an important thing to do.

Believe it or not this is exactly what I did after I started investing in bitcoin. Well I'm not a rich person who can buy large quantities at once. So I can only accumulate using the DCA method, which I actually only found out about recently. Because previously I accumulated randomly and without good planning. Which makes me easily panic and stuff. But after I tried not to be greedy and only made small investments regularly, mentally I started to feel the benefits for myself. In the past, I easily panicked because maybe I put too much money into bitcoin investments. So sometimes I don't have enough money to meet my daily needs. And then I realized that was the wrong move. And I read and accept suggestions in this forum and then try to understand them and implement them.  Although it may take more time to get to the large accumulation I expected. But investing little by little is not bad either. Now I feel like I'm ready to hold on stronger in the long term.

Dollar Cost Averaging is usable for everyone from small investors to big, whale, institutional investors like MicroStrategy and Michael Saylor.

You don't have to be a rich person to use DCA for your Bitcoin investment that is only a strategy and we all can apply it.

Did you know two websites which are helpful for DCA?
https://dcabtc.com/
https://costavg.com/

DCA will help you to use your capital wisely and without emotional effects like panic or FOMO.

Use money to buy Bitcoin each week or each month and no other factors affect your buying decision. If you don't apply DCA, you will be uncertain in this volatile market between Fear and Greed.
https://www.lookintobitcoin.com/charts/bitcoin-fear-and-greed-index/

Yes there is no need to rush when it comes to Bitcoin investment. There is no need to rush for a person who invests in DCA method. If a certain amount of money can be invested regularly, whether weekly or monthly, then that would be a good investment method. If I say on my own side I had no means to invest in bitcoin slowly I started earning on bitcoin forum as well as thinking of doing something outside. Now I can earn some money from Outside so I can invest 70% of weekly Bitcoin earnings in DCA method. So I am never in a hurry because there is no point in rushing. I have to invest constantly using DCA method otherwise I have no choice.

10 rules for investing in Bitcoin.

Don’t invest more than you can afford to lose.
Get a secure wallet that is difficult to hack, an off-line wallet is best.
Don’t invest more than you can afford to lose.
Be careful to not fall for scams. If it looks too good to be true, it most likely is a scam.
Don’t invest more than you can afford to lose.
Even if it looks legitimate, it may still be a scam, Be Careful.
Don’t invest more than you can afford to lose.
Don’t Panic.
Don’t invest more than you can afford to lose.
Don’t invest more than you can afford to lose.
Don’t invest more than you can afford to lose.
Yes, I know that is 11… I just thought I needed to emphasise that last one.

“What advice would you provide to someone looking to invest in Bitcoin?”

Unfortunately giving advice is much easier than implementing it and there are many people who don't make plans to make themselves financially strong. Bitcoin is the right step for people who are trying to make their finances better because saving bitcoin will be much more productive than saving money in the bank. The long term is an advantage in bitcoin because its value will continue to increase, as long as people don't panic and don't invest without complete knowledge.

You explain in general terms the DCA method and it seems like that's what some people who don't have large financial resources can hope to do. This pattern will be much more developed when someone can do it consistently and measurably.

That's the exact question I want to ask op before coming across this your comment. It's very easy to give advice and probably not practicing the same. Is the op practicing what he preaches? DCAing is actually a good strategy to accumulate bitcoin and increase your holding with little amount you can afford on a timely basis. You can choose to make it two times in a week or once or even monthly but it's important to note that it's all about taking risks and nothing is absolutely and 100% guarantee and that's why you need to know what you are doing and not because you see or hear other people doing it and jump into it too. The good aspect aspect of this DCA strategy is that, it is not specific for either riches or average people either individuals or companies can make use of this method. The only difference is that, the bigger your risk, the higher chances of success when the time comes.


Hey, what do you think you are doing? Testing your bot? I guess it's working fine.  ;D

The strategy is smart, especially for people who dont have a lot of money. Why? The lower the risk, the better the match between business and financial ability. Your experience strongly emphasizes a very important lesson: investing shouldnt put daily needs at risk. Finding this balance is very important. Although DCA works, its only one part of a bigger financial plan. What else is needed? a steadied work. As a security blanket and a way to spend consistently without stress, regular income is the backbone of any investment plan. If you combine DCA with a steady source of income, you have a long-term investment that will last. So, you're not only investing in Bitcoin, but also in your peace of mind and general financial health.

Calm down with all the advice dude, don't exaggerate too much on what this advice can do just because it's right. This would've been the truth if this was done back when bitcoin isn't that valuable, I would probably believe you that it's going to make me a multimillionaire but right now, I don't think that it's going to be the case because you need a lot of money to get into bitcoin, I mean just 1 bitcoin cost too much for so many of us and that's not even going to guarantee any of us to be a millionaire even if we buy 1 for a year. This is a good advice but I don't think that this is the best one in my opinion because it's basically just telling us the obvious and that people will still be doing this even if you don't tell it to them, it's considered the best if it's going to change your view in something or how you do things normally.

The strategy you are using is correct and continue, never stop carrying out the DCA strategy for investing in Bitcoin. It's important to have a mindset like yours when it comes to investing, don't use your money for unnecessary expenses, it's better to buy bitcoin because this is the right moment to collect as many bitcoins as possible because bitcoin will be approaching the halving and of course when the halving occurs we will reach a new ATH .

Of course, when holding bitcoin there will be many temptations, both when it goes down and when it goes up, so you need to be smart in controlling your emotions by reading bitcoin news and studying the history of bitcoin so that you have confidence when holding bitcoin. And finally, don't store your bitcoins on an exchange, always use a wallet that you can control yourself. Good luck to you

That means you have to wait for the Op to answer the question because I would be much more hopeful about that in practice than trying to give advice to other people about this issue and in the end people will say it's about freedom of speech. No?

Buying bitcoin really depends on our financial capabilities and the DCA process is not easy to do, especially if someone doesn't have a permanent source of income from their job. Imagine some people find it quite difficult to find a job to make money and do we think they will think about investing rather than thinking about their stomach to eat. That's why I said in OP's previous reply that giving advice is much easier than putting it into practice.

DCA does have an advantage because this pattern is not limited to people who have a lot of money or not. Depending on how they can place the position returns the decision to buy several times for the desired accumulation period. There are many people who have money but do not come to the conclusion to invest and perhaps there are many considerations according to them and there are some other people who do not have money but they use DCA as a step. That means it really depends on the chances taken?

This is a good advice for investors,  it is very affordable investing this way. But it is for those who are ready and have decides to invest in bitcoin that can buy bitcoin this way. The truth is that it is not everyone that can afford the amount of Bitcoin they wish to invest at once. Buying little fraction is a method that won't even stress one to afford bitcoin,  this can be done by buying as low as $5 from time to time and before you know you will get the desired bitcoin to be invested.

If you are to buy bitcoin, when I said ready I mean after you have gotten a good knowledge in bitcoin and understand that it is a business of self decision, no one should be accountable for any loss incurred as the case may be, one should invest their own personal money not a borrowed or entrusted fund, make sure that you know what fluctuation is all about, then you are good to go, but the best method of accumulating bitcoin is little by little, this method will help the investor not to stress much, this is dependent on the individual investor.

Dude, you should know about DCA! It's like putting your investing on autopilot, ditching the emotional rollercoaster ride and letting time and consistency work their magic. It might not be flashy, but the long-term results are freaking awesome. Slow and steady wins the race, right? Think of it as planting a forest, not a money tree. It's all about disciplined, step-by-step growth, building your portfolio brick by brick.

Hot tips, meme coins, moonshot prayers – it's a recipe for disaster. Most of the time, you're just throwing darts in the dark. DCA, on the other hand, is like a chill forest hike. You're not rushing, you're enjoying the scenery, and you know you're building something solid along the way.

Sure, DCA won't give you that adrenaline rush of a 10x overnight, but it offers something way more valuable: peace of mind. No more glued to charts, panicking at dips, or FOMO-ing into every shiny object. You're investing because you believe in the long game, and DCA smooths out the bumps, turning the market's crazy swings into gentle hills.

Not everyone who invested in Bitcoin will become a millionaires, some will stop along the line because nod fear. While some will sell to solve problems. So it is not all that will make it. Buying Bitcoin with the DCA is the best approach to accumulate more Bitcoin to the portfolio buy not everyone will still do that because of cost of living and some would prefer buying once or twice a year.

But I don't think Bitcoin can be sold with $1. Bitcoin can only be sold from $4 and above and I calculating from my current country exchange rate fiat currency to dollar exchange rate in the country. Though I don't know of your country but I know that you are just using it for example purpose because I know that no country in the world will buy and sell Bitcoin with $1.

Especially having broad insight in investing and quite experienced in the field of trading, someone who is experienced when buying Bitcoin will definitely use money that is outside of life's necessities, at least there is a separation between money for life's necessities and money for buying Bitcoin, because if we can separate money This will make it easier for us to invest in the future, because the money we need for life is sufficient and it won't disturb your long-term investments, as long as you can manage the pattern of all your finances correctly.

It is very important for us to always tell people going to Bitcoin to be careful about how they invest in the market. We can make profits from the market at the same time we can also make loses. This things works together and we need to make sure that we have experience of the market or knowledge so that we can always make confidence decisions before we invest or trade in the market. Cryptocurrency is a big enough to lose money so learning should be a prerequisites focusing on what we need and what works for us. Those that had been in the market can attest to everything happening in the market.

There are still many people who are unable to invest in Bitcoin due to lack of sufficient income. Currently, there are many people who have to spend all their money to buy necessary things with a small income, if they can reduce some expenses from necessary things and invest in Bitcoin, of course they can be profitable at some point. Even if the amount of investment is small, if they invest 5-10 dollars on a monthly basis with DCA method, at some point they will see that their investment amount of Bitcoin has become very large. If one wants to invest a small amount, then one has to patiently invest for several years. $5 may seem like a small amount to many, but today's $5 can be expected to be $10 in 2025. So start investing according to the amount you can afford.

We called it the DCA method in which a person invests a certain amount of money every month or a duration he set for the investments. This method is very helpful because someone can invest money that is apart from his expenses and it does not put any burden on him in case the price of Bitcoin goes down then it will not affect him as much because the money he invested is not that much workable as compared to invest huge amount at once. I use this method a lot because of the high security that provides to me and minimizes the risk of losing this fund, not only me I think many of our professionals also use this one. When you are doing DCA every week for the same amount after one year will have a huge investment in Bitcoin and will make you up to some extent rich.

This is financial management that needs to be done, because otherwise everything will be mixed and the investment will not go well.
When management is done properly and correctly then there will be no panic when prices start to fall, all will be fine and will remain holding for the long term.

But when financial management is not done properly, panic will arrive because the money is also needed for other purposes.
Learning trading not only on charts or technical analysis, but how to do management of it will be very useful.

I seriously can't think of anything better than this, its really the best advice without a doubt :D I mean think about it, if you keep doing this for 10 years, or even 20 years, then there is a very very slim chance that you won't be rich. Obviously, the only down side is that sometimes life makes things harder and you need to cash out, which happened to me 2.5 times now and I am doing fine but at the same time, that's good too, when life throws you a curve ball, you just have money o the side thanks to bitcoin to pay for it and not have to much debt. I think that should be quite important aspect of it. I am quite enjoying it and I think most people would enjoy it as well, its not really a bad deal at all, definitely works for the better for us.

Buying $1 every week is going to be difficult with today's fees. Also, you won't make any money investing $1 or $5 a week.
Just do the math for $5: In a year you're going to have $240, $2400 in 10 years. Even if bitcoin goes up 10x in this period, all you're going to make is less than $24k, so in 10 years you'll save up enough for a used car.

What I'm trying to say here guys, invest life changing money. You probably won't get another opportunity like this. Don't DCA $5 because it's not going to make your life better.

Yes don't put a burden of gathering money for investment and invest that amount which you can easily afford because If you buy bitcoin on that amount which is necessary for your daily routine then your investment will be a burden and you will wait every second that when will increase and when you will take out money.

Buying up to 10 years can surely make you Billionaire but for it you must have potential to continue it without any break and you have confirmation about selling and buying worth. It will be more suitable option that during these 10 year one sell some bitcoin to take profit at the timing of halving and then again when dip occurs then buy again.
A continuous investment cannot give you much profit for 10 years but if you make buying and selling on regular basis during these 10 years then it can be profitable for you.

Yes that's right. I think when applying it this is the main problem that many people fail when investing in bitcoin. We all know that bitcoin is an asset of the future, and bitcoin can also make our future finances stronger. But when put into practice, it is not as easy as the theory and various advice we hear.

Many people fail to hold on to Bitcoin because there is a lot of temptation to sell, especially when the price is rising, our hands will be very itchy to press the sell button, especially when the price goes down, panic will continue to haunt our thoughts about selling. And it's true, as you said, to overcome all this, apart from having experience, you are also accompanied by complete knowledge about bitcoin, both in terms of history and the latest news about bitcoin.

This is good if someone has a sustainable source of income and where the day-to-day expenses are not way too higher than the income.
Secondly, this requires a patient and a discipline mind to be able to achieve this goal. DCA is easier to say than done because of financial challenges we might face along the line and sometimes would be reluctant to buy Bitcoin because of this unexpected problem that would arise, or sometimes we may even lose our jobs and be tempted to sell our Bitcoin to solve our problems, So we must have a good plan on ground for funds to achieve this goal.

I agree with you. To enter the world of investment safely without any worries, we must have more than one source of income so that funds for investment and expenses are balanced.

Especially when the market is not good, and coincidentally we also have an urgent need, this will damage our investment goals because we are forced to sell bitcoin. So it is very important to find additional sources of income so that we can allocate funds for investment without having to worry about anything, I mean we can invest and hold Bitcoin in the long term with peace of mind.

Having an income above a certain level makes it easier to invest. You are right in what you say. We use our financial resources for many things in life and the more resources we have, the more we can do. Certain conditions need to be met in order to invest. The most important of these conditions is that we have money to invest in economic terms. We can say that we are lucky if the amount remaining after meeting our daily needs is enough for us to invest.

Some people invest by pushing the conditions. I don't think this is wrong because one of the purposes of investing is our desire to rise above our current economic level.

Finding additional income sources is an extremely important issue to achieve your investment goal in the long term.

As far I know the lowest amount that has been bought or sold is minimum 10$ .And if someone want to buy 10$ of BTC every week or month this will be not a bad idea , it's called micro assets collector.This will create a big asset one day .In every investment need to have a right time and proper knowledge about where will be invested.Buy hold and sell in right time this is the basic rules of become rich with BTC.

The problem is that not everyone can do it easily because theory will never be the same as practice, as you said that even though Bitcoin is a path to financial freedom, many people are not able to do it due to various considerations. Losses in investing are also based on how knowledgeable a person is about Bitcoin and the panic that occurs due to weak knowledge about Bitcoin can create problems so that people lose much more money.

Knowledge and experience are two important things to have so that people do not panic under any circumstances, because if they understand Bitcoin then it can be concluded that no one will experience losses if done correctly and that is why investing requires complete knowledge.

It is very important to understand this because looking at what is happening now when we talk about DCA, there must be a separate rule for us even if it is not written.
Things like this are clearly important to support ourselves so that we are not too burdened with DCA because after all DCA certainly requires a financial condition that must always be there because indeed if we really want to do DCA and within a certain period of time then indirectly our finances in monthly income will be slightly cut for the purpose to be achieved.
In addition, the important thing to note in this case is consistency. Talking about the nominal $5, $10 or $20 for one week indeed it will not be felt but if the range is longer like the initial benchmark where 5 or 10 years ahead then obviously this is not as easy as imagined because in addition to the money we have we also have to have strong perseverance and consistency because it is not a short time so when talking about DCA then indeed the initial plan is important and do not let the initial plan that is too high make you unable to realize the goal within a certain period of time in DCA.

It's DCA. It helps mitigate the impact of short-term market volatility and allows you to accumulate Bitcoin at various price points. By consistently investing a portion of your income, regardless of market conditions, you are making a progress. Just remember to conduct thorough research and only invest what you can afford to lose. While the cryptocurrency market has shown potential for substantial returns, it also comes with risks so learn to diversify your investments :)

It's not actually bad to sell at some point, as long as you sell for profits and to save you from current financial breakdown, then it's definitely okay. However, make sure to buy again when you gained extra money on the side so that you can continue to hold for long term through DCAing. It can be weekly or monthly, that depends on you as long as you do it in a consistent manner.

What's important here is you have something to look forward in the future, regardless of the amount of profits that you may reap after years of doing DCA and long term hodling.

Bitcoin is obviously an expensive investment, most especially if you are trying to accumulate the whole piece of it. But if you are trying to do dollar cost average regardless of the amount, you will not feel the expensive price anymore as you are only investing every now and then the amount that you can afford to lose.

However, the only thing that you should worry is that if you are not patient enough to hold for that long term. DCA will be useless if you suddenly resort into panic selling everytime the market is crashed due to market price correction.

In fact, the DCA model will indeed prevent you from panic selling, but additional capital is also very necessary, otherwise how can we consistently accumulate every drop of BTC if we don't have sufficient funds as you mentioned above.

Regarding profits in BTC, it will show itself because I am sure that everyone can record it, even if they only buy $20 using the DCA technique, regardless of the price increase or decrease.

The method you wrote is called Dollar Cost Averaging (DCA). That's one of the most effective strategy if anyone wants to profit in crypto (in my opinion). We just buy a certain for a certain period of time and keep on buying until we see an opportunity to profit from it. But one should bear in mind that this method is a long term method. So whoever thinks of using DCA should be ready to buy and hold for a certain time/long time.

That's a famous Dollar Cost Averaging strategy.
This strategy does not seem effective to me, because the investor averages too much, investing small amounts of money over a long period of time. I understand that in this case you cannot buy bitcoins at the maximum (this is good), but you also cannot get the best position for investment - I mean the price of bitcoin at the minimum of its price range. Isn't it better to hold fiat and wait until the price of bitcoin is at its minimum? For example, build a ladder of orders, and in each order try to purchase bitcoins cheaper and cheaper.

Buy low, sell high would've been my candidate a long time ago for the best advice but I think that it's replaced now by "Don't marry the bag.", it will imply you to only sell high and reminds you not to get too attached to the investment to the point that you end up not profiting and then having to wait again for the next cycle. If you've got a big profit, just take it because you can always go back to bitcoin and so it's a good thing that you'll be able to enjoy that profit and you don't have to worry too much about your investment because you'll always be investing and profiting.

There's no other effective way to accumulate bitcoin than to follow DCA, otherwise you will complain all the time about the highly cost of bitcoin. However, by doing DCA, you can extend your bitcoin hodling with how many years you are comfortable of hodling, just continue to be patient and positive on any of your investment, it will really give you a successful outcome.

Instead of buying nonsense stuff, better spend it to buy Bitcoin...this will happen to those who have an investment mindset and want to secure their future rather than enjoying life today. This is also the best way instead of saving our money in the banks.

Yes, who cares about the amount we invest because the most important is that we spend money for our future. If we never get rich after 10 years of doing this still okay at least we have money that we can use in the case that we are unable to work anymore.

   Applying dollar-cost averaging is very simple, and you do not necessarily have to invest in dollars; the approach works well with any other currency. You first have to determine the total amount of money and the cryptocurrencies you wish to invest in. Then, instead of investing the money all at once, you invest it in small equal installments over a specific length of time.
    DCA is the best approach for individuals who are not professional investors. It can save an investor a lot of effort trying to time the market in order to get the best prices. It is a tool for investing slowly and consistently and it aims to protect against the human tendency of wanting to gain all at once. By buying when others might sell, dollar-cost averaging can potentially help you to reap the benefits of buying low and selling high.

When you are focused on DCA, that will make you not think of any panic selling. Because your sole game is to just accumulate whenever you have money and you won't mind the price. And that's even going to give you that happy vibe when you see the prices go low because it's more Bitcoins for you.

There will be profits on it for sure but the logic here is that the lower capital you have this time, the lower profit you'll get as well. So it will reflect to how much you have been accumulating and as long as your goal is to accumulate as many as you can or even at least 1 BTC over time, you don't have to think of one time profits until you haven't reached that yet.

Many people make too many mistakes and DCA would allow people to have a sense. The biggest issue in the bitcoin world is that when the price is going down, way too many people are selling, the whole reason why it keeps going down is people keep selling, so when you get to start doing DCA, that means you are going to buy when it goes down. It basically prevents the whole drop thing, because when price goes down, instead of selling and losing money, you are buying and making profit later on.

This is why it's such a great method and I do suggest every newbie to do it. I have been buying for years, and sometimes I sell because I need the money, but rarely have I ever made a loss, it's been like once or twice at most, rest of the time, even though I urgently needed the money, I was always in profit. That shows you that DCA is such a good method that even at times when you shouldn't sell, it may actually still be a profit for you and that's a great thing.

DCA is good. Buy low, sell high, consistency matters. Well, steady wins the race. But it's not universal. Yes, it works for many, but don't exaggerate. Markets are unpredictable animals. It stops the "whole drip thing"? No way. Risk is reduced, but it's not a cure. Easy to preach "hold, hold, hold" but real life? Messy. It's okay to require cash. Balance is vital. You did great, congratulations. Not everyone plays with the same hand. Some people don't have a safety net; they're walking on thin ice. Every choice is crucial for them.

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For beginners, DCA is a good strategy, but it's not enough. More than a currency, Bitcoin is a movement. Take charge, be your own bank. But power brings accountability, right? No approach is invincible, so educate yourself, recognize the risks, and remember. Keep humble, smart, and most importantly, your goals. Bitcoin represents a decentralized future, not just an investment. Friends, that's priceless.

Purchasing bitcoin with a small amount of money is a great strategy. We shouldn't assume that this will be sufficient for us to begin investing in bitcoin, as we can profit from it as well. Some people get upset when they can't afford to hold even one bitcoin, believing that this is the minimum amount required to become an investor. However, with the little we do have, we can always start with something different. Some newbie still struggle to understand how they can begin investing with just $10 at this stage. However, if we are patient, we can certainly begin with any amount we can afford, we just need to have faith because many successful investors began as small investors.

It will be best to start our investment we hope to make someday rather than waiting till we have a lot of money. If we wait, we might be wasting our opportunity because time waits for no one. Instead of wasting money on unnecessary things or other expenses that we cannot need.

While I agree that doing DCA is a good way to accumulate Bitcoin over time, I don't think that a person can become a multi-millionaire by investing $10 or less in a week even if they do it for 10 years. I did the math, one will roughly accumulate $5,142 worth of Bitcoin in 10 years if they invest $10 every week. Considering that the price of Bitcoin will keep going up during this time, the amount of Bitcoin will keep getting smaller over time compared to the starting amounts.

And, for one to become a multi-millionaire or even a millionaire, Bitcoin will have to reach the price of around $1m, and even after that, a person holding $5,142 worth of Bitcoin wouldn't become a millionaire but they will roughly have a few hundred thousand dollars. So, what you said isn't logical unless a person is investing a lot of money every week or month.

maybe you could put it this way.

"Instead of saving a particular amount of money from your salary after receiving your pay, why not use the amount you've assigned for your savings in buying Bitcoin such that anytime you salary comes in, you can just send the stipulated amount for the purchase of bitcoin so that way, instead of your money remaining dormant in the bank, it yields returns on a regular bases."

If you give someone that's into monthly or weekly savings this kind of advice, it would be easier for the oerOj to opt into bitcoin investment.

One of the Challenge people go through when investing bitcoin is low income,  some people have interest of investing bitcoin but the low income is a huge limitations to invest. The best way to be be able to meet up investment in bitcoin is to get another source of income because with the daily problems which money is needed to solve it, it can be very difficult meet up to invest bitcoin but if their is another source which money comes in I think it won't be that difficult to invest bitcoin.

Any advice will be useful when someone knows what Bitcoin is and how they can run it. Life in this world is not just about investing and even though Bitcoin is one of the best investments, not everyone can get involved in it. This speaks to how someone familiar with Bitcoin knows how to utilize it and the DCA pattern you are referring to will probably be used as the easiest way for people to accumulate purchases on a regular basis.

But back to individuals who intend to get involved in investing and most importantly know how to be responsible when involved in it and don't rush into investing before understanding the correct method. Increase your knowledge and try to invest responsibly and it will be much better than taking the opportunity to purchase a much larger amount.

Bitcoin does not impose any restrictions on what you can or cannot buy, or on how much you can buy. But, if you can, try to hold for a long time in order to reap the benefits later. It is possible to become a millionaire in bitcoin investment after 10 years, but if you are greedy and allow it to enter you, you will lose a lot of money in this space. Bitcoin is viewed as a safe haven investment by many; if you've done your research and believe so, you can get in now while it's still early.

Bitcoin is a high risk and expensive asset. So one really finds it hard to buy the whole bitcoin because of its highly expensive value. Hence, buying it in a small scale basis is more advisable so you won't feel the burden of buying or investing all in. You can do it weekly or monthly, it depends as to when your income comes in your wallet. But one thing is certain, through DCA, you will achieve a single whole bitcoin in time. That works for me and might work for others as well.

Save so you can invest. That's the basic rule prior to investing. And always do what is right, invest on an amount that you are comfortable of losing.

We need to save to invest. Many people still spend unnecessarily and miss investment opportunities. Buying things you don't need prevents you from saving, and when you don't save, you won't be able to see opportunities such as investment. First of all, those who are deficient in this regard need to change their behavior.

The DCA method, which is generally applied, has made many people happy in investing. Among the recommendations to be given, it is a method that an investor can apply without difficulty. After a certain period of time, the importance of this method becomes more apparent.

I think the best piece of advice for anyone going into Bitcoin is to do their research and to learn as much as possible about the technology and the ecosystem. It's important to understand how Bitcoin works, the potential risks and rewards, and to make an informed decision before investing any money. I would also recommend talking to people who are already involved in the space and learning from their experiences. Finally, it's important to remember that Bitcoin is still a relatively new and emerging technology, and there is still a lot of uncertainty and risk involved. So it's best to approach it with caution and to not invest more than you can afford to lose...

To elaborate further, I think it's important to understand the basic concepts of Bitcoin, such as the blockchain, cryptography, and decentralization. It's also important to understand the potential risks, such as volatility, regulation, and security. In addition, I think it's important to be aware of the scams and fraudulent activity that is prevalent in the cryptocurrency space. Finally, I think it's important to understand the potential rewards, such as the potential for long-term growth and the ability to control your own money without relying on banks or other third parties. All of these factors should be taken into consideration when deciding whether or not to invest in Bitcoin....

This pattern could have been helpful; in fact, it was helpful over the weeks ago, not until the ordina madness started again and the fee has seen its all-time high again.
 
If the amount you mentioned is to be bought at any time, the fee alone to cover up that transaction is going to take the whole purchase unless the person has decided to be accumulating his bitcoins using a centralised exchange, and when the amount is big enough to cover the fee, he won’t feel the $2-$10 fee that will be deducted from the amount being withdrawn.
 
If not for the main time, unless my money is up to $50-$100, I don't think I can still consider buying bitcoin using the DCA method and still be withdrawing it down to my private wallet on a daily basis.

I believe you were trying to say that when one is focused on DCA, it won't make the person panic and sell their Bitcoin. Yes, that is true. With DCA, an investor is free from thinking about the current prices of Bitcoin. No fear of volatility but peace and calmness in their strategy. You don't have to look at the price often unless there is an intention to sell. An investor who is Dcaing does not have the mindset of selling so soon. Its either he is holding for two or three years or a decades because I know that there are some who are holding for a very long time.

yes, the dca system is a good way to collect bitcoins and of course only money that is ready to be lost is worth putting in bitcoins, in my opinion op we can become millionaires by buying btc as long as we save it for the future for example investing in btc for more than 10 years But of course you have to be prepared for the risks posed by BTC. because usually the crypto world is always full of drama. but in my opinion, in dca it would be better to buy at least $100 because remembering that the cost of Bitcoin has been expensive lately, such as from the wallet to the exchange, so in my opinion it would be better to at least buy btc with $100 because with big money of course the profits will also be big and of course if you invest In BTC, if you use big money, you will get big profits and of course we won't think about transfer fees from the wallet to theexchange because the profits we get are big. But of course in this case the decision is in their own hands. and in my opinion dca is not the only way to buy btc because there are still other ways, for example buying btc when there is a price drop.

You can only start buying Bitcoin on the exchange starting at 10 dollars, not below this amount. That's what I know. But the advice I can give is that 5 years from now, it's better that we save Bitcoin, so at least it's sure that at that time you will have savings accumulated because of Bitcoin.

Then, after 5 years, you will gradually save Bitcoin again, or if you have extra money, you can also buy another cryptocurrency besides the Bitcoin you are saving. That's how prudent people are: just save as long as you have the opportunity to do such things.

It's a good strategy to buy bitcoins regularly because I think it's better to collect the money you earn every week and buy it every month. Because the Bitcoin transaction fee for buying now is very high now, so if you buy every week, the transaction fee amount will be much higher.  And if you buy $100 or $200 worth of bitcoins once a month, the transaction fee will be lower than every week. The best way is to deposit bitcoins regularly, this way will help the investor but the current moment is not favorable for regular investors due to high transaction fees.

We can invest whatever amount we can afford in Bitcoin and if we can do it consistently of course this is very good because we cannot know for sure when the price of Bitcoin will be high. It would be better if we could hold it for a long period of time to be able to get advantage, when someone chooses to invest in Bitcoin of course they have to really understand it well because if they don't understand it of course we won't be able to take advantage of the right moment to be able to buy in the amount we can afford.

This method is very effective for everyone and special for the beginner. If you don't know what to do then just come and start the DCA method it will give you more profits and experience with time.  We see many people in our daily lives hold misconceptions about bitcoin that if its price is high then it's a time waste for the poor person because its price is high and poor people can't afford it. Bitcoin is that thing that everyone can hold but still, many people are engaged with it and the reason is this DCA method.  It's not a bad thing that you are poor but remaining in this situation is bad and if you are working on yourself investing a small money you can afford per week or month and earning profits it will change your life day.  So don't be afraid and start DCA now if you want a better life.

If $100 is too big for you then you can minimize it by slowing or lesser the amount of your  investment which is the best thing is you can invest your existing money. even though the price is too high for now but still it's a good time to buy cause there's a chance that the price will go up higher and higher for this upcoming weeks.  In short this Tim is not yet ended so we can make more profits by buying some Bitcoin's.

The DCA method is very easy to use, even if they don't understand well about investing in Bitcoin, they just need to set their purchasing schedule according to their wishes and buy consistently so they don't miss the opportunity to profit from the investment they make.
What you say is very true, everyone can have an amount of Bitcoin according to their abilities and they will also get profits according to what they invest.

This little advice of yours is very essential for a person if he can follow it properly. If you make such a budget every week and buy bitcoins it can be maintained and after 5–10 years you will definitely have a good amount of bitcoins stored in the wallet. Many times people take good advice but can't wait for long and at some point sell their accumulated BTC. But if he takes such steps and sees his wallets after a long time, then surely he can become a millionaire or big man from a small investment.