This is my plan.

[Dr.Osh]

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

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

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[TakeItEasy]

I am still here to gather little knowledge about Bitcoin, I don't need enough knowledge, I can invest while learning Bitcoin, but the thing there is I am shuffling my self, so I will not be tangled while I am accumulating Bitcoin, I have come up with a plan of using the DCA method to accumulate a $50 monthly, my monthly payment from my job is $300, if my expenses will collect up $100 then $50 can be kept in crypto (Bitcoin) and another $100 for emergency funds then the remaining $50 can also be kept for personal things.

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

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

[armanda90]

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

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

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

[Asuspawer09]

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

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

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

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

I am still here to gather little knowledge about Bitcoin, I don't need enough knowledge, I can invest while learning Bitcoin, but the thing there is I am shuffling my self, so I will not be tangled while I am accumulating Bitcoin, I have come up with a plan of using the DCA method to accumulate a $50 monthly, my monthly payment from my job is $300, if my expenses will collect up $100 then $50 can be kept in crypto (Bitcoin) and another $100 for emergency funds then the remaining $50 can also be kept for personal things.

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

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

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

[usekevin]

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

[Lida93]

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

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

[wxa7115]

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

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

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

[Peanutswar]

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

.... I will use electrum Bitcoin wallet to save my coins because I have learned so far that the electrum wallet is a safe wallet for any investors that what to hold Bitcoin for long, so I will be using it to hold my coins when I buy some Bitcoin, I will update when I buy my first BTC.

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

[Bd officer]

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

[Trawda]

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

[HONDACD125]

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

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

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

[Ayers]

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

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

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

[xzy887]

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

[Townhall009]

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

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

[m2017]

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

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

[Negotiation]

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

[Rabata]

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

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

[Distinctin]

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

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

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

[Josefjix]

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

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

[xzy887]

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

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

It's long holder btc road