Do you still advised more buy and store?

[lalabotax]

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

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

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[GeorgeJohn]

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

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

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

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

[JeffBrad12]

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

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

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

[doomloop]

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

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

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

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

[milewilda]

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

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

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

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

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

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

[Franctoshi]

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

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

[cheezcarls]

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

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

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

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

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

[Timmzzy]

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

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

[G_Besar]

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

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

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

[Belarge]

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

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

[Fuso.hp]

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

[Promocodeudo]

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

[Ben Barubal]

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

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

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

[knowngunman]

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

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

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

[DVlog]

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

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

[Assface16678]

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

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

[Best-mary]

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

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

[inthelongrun]

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

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

[onecall123]

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

[Inwestour]

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