How to train your money for costly bitcoin?

[lordquanta]

Given the situation of bitcoin prices are growing higher and more higher since last few weeks is becoming more and more difficult to keep up with the regular small fixed amount of purchase. Earlier for 100 dollars a month or bimonthly I was able to see the reasonable amount of bitcoin ( or should I say satoshis). Nowadays the prices have gone high which feels real good for existing amount purchased so far. However at the same time getting clueless about how much should be put aside for regular bitcoin purchase. Because for 100 dollars the amount of satoshis we get is nothing.
What do you think how to tackle the problem of investing in bitcoin on regular basis with prices going high and higher?

[TheCoinGrabber]

Yup, that is the problem now, how to keep buying bitcoin as it becomes less and less affordable. Maybe rather than buying bitcoins monthly, maybe you can let them accumulate first? What I mean is, maybe leave them for some expected decrease in price. As it is now, there seem to be at least 2 every year. When there's a plunge, you can then use this allocated money to buy bitcoins.

Just a thought though, I'm not sure how it'll work in practice.

[aoluain]

its a tricky one for sure, i mentioned this before.
the fees is what is killing the prospect of investing
small amounts of FIAT to BTC [or anything to bitcoin]
and also for your small amount of FIAT you get a
very small fraction of BTC

I suppose the options are either to invest the same
amount but in half the transactions so your $100
becomes $200 to invest at a time bit once per month
instead of $100 twice per month for example.
this should attract lower fees.

or accumulate each of those $100 and wait for a
price drop which will happen but not a often as
you would like.

[mrcash02]

If you don't want to accumulate higher amounts of money in fiat to buy BTCs, you can still buy $100 in BTCs and let it on the exchange without the need of transactions. Every month you buy your $100 and accumulate it on the exchange balance, when you have a decent amount of satoshis you can move it.

This way you don't waste time with money in fiat, you will always have some money in satoshis to grow its value.

[Silberman]

Given the situation of bitcoin prices are growing higher and more higher since last few weeks is becoming more and more difficult to keep up with the regular small fixed amount of purchase. Earlier for 100 dollars a month or bimonthly I was able to see the reasonable amount of bitcoin ( or should I say satoshis). Nowadays the prices have gone high which feels real good for existing amount purchased so far. However at the same time getting clueless about how much should be put aside for regular bitcoin purchase. Because for 100 dollars the amount of satoshis we get is nothing.
What do you think how to tackle the problem of investing in bitcoin on regular basis with prices going high and higher?

The only thing you can do in order to maximize the amount of bitcoin you can buy is to buy bitcoin when there is a dip in the price, another strategy is to save all your money and wait for a major correction, it was not long ago there was a correction below 2000 dollars, but the problem with that strategy is there is not a guarantee that bitcoin is going to go that low and may go up instead.

[cpfreeplz]

Idk, do you feel like your stack is big enough? Do you feel like we're going to go higher over the long term? Buys every two weeks or months (dollar cost averaging) is the smartest thing you can do to mitigate your risk. It's a good investment strategy.

[13abyknight]

Given the situation of bitcoin prices are growing higher and more higher since last few weeks is becoming more and more difficult to keep up with the regular small fixed amount of purchase. Earlier for 100 dollars a month or bimonthly I was able to see the reasonable amount of bitcoin ( or should I say satoshis). Nowadays the prices have gone high which feels real good for existing amount purchased so far. However at the same time getting clueless about how much should be put aside for regular bitcoin purchase. Because for 100 dollars the amount of satoshis we get is nothing.
What do you think how to tackle the problem of investing in bitcoin on regular basis with prices going high and higher?

An investment in Bitcoin shouldn't be considered big or small, given that you're putting in $100 per month and going for the long haul. Over years, the same investment that you would consider 'small' and 'not so worthy' would've grown into thousands and with the ever increasing price of Bitcoin, you would've made more profit that investing in banks which offer mere interest rates.

[cydrix]

Given the situation of bitcoin prices are growing higher and more higher since last few weeks is becoming more and more difficult to keep up with the regular small fixed amount of purchase. Earlier for 100 dollars a month or bimonthly I was able to see the reasonable amount of bitcoin ( or should I say satoshis). Nowadays the prices have gone high which feels real good for existing amount purchased so far. However at the same time getting clueless about how much should be put aside for regular bitcoin purchase. Because for 100 dollars the amount of satoshis we get is nothing.
What do you think how to tackle the problem of investing in bitcoin on regular basis with prices going high and higher?

I suppose if you have invested it on the second chance of bitcoins downfall on the china ban you would have a huge valued price over now. I think our chance now is to wait for another bitcoin fall and put more money on it and wait for few months. But would not recommend strongly because it has risks involved i know you know it but it is not that high it would depend on your basis.

[xianbits]

Given the situation of bitcoin prices are growing higher and more higher since last few weeks is becoming more and more difficult to keep up with the regular small fixed amount of purchase. Earlier for 100 dollars a month or bimonthly I was able to see the reasonable amount of bitcoin ( or should I say satoshis). Nowadays the prices have gone high which feels real good for existing amount purchased so far. However at the same time getting clueless about how much should be put aside for regular bitcoin purchase. Because for 100 dollars the amount of satoshis we get is nothing.
What do you think how to tackle the problem of investing in bitcoin on regular basis with prices going high and higher?

Maybe, you should lessen your buying times for now but double or triple your buying amount everytime you buy. Or maybe, buy after the November fork, most probably we can see a correction on the price after that , you can then buy as much as you can.

[ladydark]

You are feeling sad that for $100 of money,you get only few satoshis.Instead,you should see that how much value your invested satoshi grows in future.For example,if BTC price is $7,195 and if it increases to $8,000,the your invested amount would raise to $111.

We have to just consider about the increase in our invested amount and not to worry about having more satoshis or bitcoin as a whole.

If you still feel that you are not able to buy a whole bitcoin,definitely you are too late to enter in to the game.

[arpon11]

We have to understand our reality that bitcoin has gone beyond the reach of ordinary men and women. A hundred dollars that looks big before is now like a cent in the current bitcoin pricing. I believe that we should still buy no matter the amount one can get from bitcoin. Our reality is here, currently you cannot get big amount of satoshi with 100$ again and the truth is that we don't know  were this trend will end but,  I think is going to last for a long time. We have to seriously hold the one we are having now as most of the one we have sold have make other people a millions of dollars now.

[fiulpro]

Hey
Remember this there are some people here who can't afford to invest in bitcoins and they just store what they get in signature campaigns and get them cashed out when they need , infact 100 dollars if you are investing monthly then for the long term you are going to make a good profit out of it .
Also you can take loan from a bank or somw friend and invest as many as you want and makw tht 100 dollars as your installment and then pay them back monthly and add up if you want to .
There isn't any amount too big or too small or too irrelevant, you just need to know what you can do to increase your chances of profit.
And just to give you an example, my friend invested 50 dollars in stock market .. Within 1 day he had 150 dollars .
Be meticulous , alert and organized doesn't matter how small you are investing.. You are investing and thats a big deal.. best of luck

[lordquanta]

You are feeling sad that for $100 of money,you get only few satoshis.Instead,you should see that how much value your invested satoshi grows in future.For example,if BTC price is $7,195 and if it increases to $8,000,the your invested amount would raise to $111.

We have to just consider about the increase in our invested amount and not to worry about having more satoshis or bitcoin as a whole.

If you still feel that you are not able to buy a whole bitcoin,definitely you are too late to enter in to the game.

I never said that I'm not feeling sad. Here the point which i'm trying to raise 'Some people were investing in bitcoin on regularly like $100 dollars per month. Now that price of bitcoin has gone sky-high. 'which strategy would work better for those'. Some suggestions about instead of investing on regular basis that on monthly, go with big stash like double monthly $200 or quarter 400 dollars. That would save the transaction charges and give the leverage of buying more bitcoins. At the same time when there is dip in price then we could buy in bulk. Just like now the price is back to 7100 dollars from the 7500 dollars. That is a dip. Buy coins at that point.

[Gozie51]

I suggest that there should be no desperation about buying of bitcoin rather wait for a retracement to jump into.

Meanwhile, for people who have been investing weekly or monthly on bitcoin, you can also save up to accumulate your intending investment for like two months and by that time, you might be lucky the price might fall.

[Mometaskers]

I agree with most of the comments here. If a fixed monthly allowance for bitcoin investment is no longer buying "enough" satoshi, then might as well just buy during plunges. Of course, that would mean you would have to keep the money elsewhere where it would be easy to use it to snag up cheap coins.

I'm curious, how quickly can you peeps move your money from a bank to an exchange? Do all banks in your country already have tie-ups with exchanges? Coz right now, letting them accumulate first seem to be the way to get more satoshis per dollar.

[phr0stbyt3]

It's really hard now buying bitcoins just worth 100$ now is of no good with all the fees and other extra charges instead you can save up every month and when you have a good amount of funds you can then purchase additional bitcoins the price might change a lot but there is no other option

[BTCbengi]

I think investing in Bitcoin with such a small amount of money will be very difficult for you to buy a reasonable amount of BTC. Instead, you can invest in other Altcoin, more money, more profit and a lot safer than Bitcoin.

[lordquanta]

I think investing in Bitcoin with such a small amount of money will be very difficult for you to buy a reasonable amount of BTC. Instead, you can invest in other Altcoin, more money, more profit and a lot safer than Bitcoin.

You are correct about the difficulty continuing to rise with investment in bitcoin. However the investment in altcoin is not safer at all. We all know that altcoins have very short life and mostly used for the pump and dumps. Altcoins are good for trading to earn some quick profit if you are following it thoroughly. Otherwise reliance on the altcoin will very dangerous. If you look at the next five altcoin to the bitcoin then you will notice that only ethereum, bitcoin-cash, ripple have somewhat good market capital.
It would be better to change the strategy of monthly to bimonthly or quarterly.

[tomahawk9]

Given the situation of bitcoin prices are growing higher and more higher since last few weeks is becoming more and more difficult to keep up with the regular small fixed amount of purchase. Earlier for 100 dollars a month or bimonthly I was able to see the reasonable amount of bitcoin ( or should I say satoshis). Nowadays the prices have gone high which feels real good for existing amount purchased so far. However at the same time getting clueless about how much should be put aside for regular bitcoin purchase. Because for 100 dollars the amount of satoshis we get is nothing.
What do you think how to tackle the problem of investing in bitcoin on regular basis with prices going high and higher?

Well, you are implying that the BTC price will keep going up with no signs of stopping, which actually it's not likely to happen. The surge in the price in the last few weeks is due to several reasons (hard fork, CME group, rumours about chinese exchanges coming back, etc, etc) so this isn't something that we're going to see very often, in fact, we could probably return to the steady increase in the price like we used to have months ago after the hardfork, and most likely the 'new ATH every 3 days' trend could come to and end.

For now, if anyone wants to invest in Bitcoin I would probably recommend a weekly strategy (you have more control and the risk is lower), maybe put some cash every monday, and analyse the market environment every friday/saturday in order to see the results of the investment and approach the next week more objectively on whether you should put more money or less money on monday.

I think investing in Bitcoin with such a small amount of money will be very difficult for you to buy a reasonable amount of BTC. Instead, you can invest in other Altcoin, more money, more profit and a lot safer than Bitcoin.

You are correct about the difficulty continuing to rise with investment in bitcoin. However the investment in altcoin is not safer at all. We all know that altcoins have very short life and mostly used for the pump and dumps. Altcoins are good for trading to earn some quick profit if you are following it thoroughly. Otherwise reliance on the altcoin will very dangerous. If you look at the next five altcoin to the bitcoin then you will notice that only ethereum, bitcoin-cash, ripple have somewhat good market capital.
It would be better to change the strategy of monthly to bimonthly or quarterly.

It's not that altcoins aren't safe, it's just that people misunderstand the concept of short-term investement and long term investement, but also each investor needs to evaluate the risks according to their goals. Anyone who has been involved in cryptocurrencies for a while now knows that Altcoins can be profitable. Also, comparing Bitcoin with altcoins is unfair, especially when BTC has a 62.5% dominance in the cryptocurrecy maket.

[fanbeila]

Its true that bitcoin price has gone very high and even middle class people would get astonished on seeing its price and think that they cold not afford that huge amount to buy a bitcoin.Instead,they could even buy bitcoins for 100 or 200 dollars.Also,they could wait until price falls before or after hard forks and buy more bitcoins.Either a smaller or tiny amount of bitcoin,we should just continue buying it monthly which would be more worth in future.