This is my plan.

[kotajikikox]

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.

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

[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.

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

It's long holder btc road

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

[ajiz138]

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

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

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

[Sophokles]

I am still here to gather little knowledge about Bitcoin, I don't need enough knowledge, I can invest while learning Bitcoin

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

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

[bitzizzix]

I am still here to gather little knowledge about Bitcoin, I don't need enough knowledge, I can invest while learning Bitcoin

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

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

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

[|MINER|]

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

[Ale88]

I am still here to gather little knowledge about Bitcoin, I don't need enough knowledge, I can invest while learning Bitcoin

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

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

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

[jeraldskie11]

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.

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

[leonair]

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.

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

[Z_MBFM]

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.

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

[savetheFORUM]

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

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

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

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

[famososMuertos]

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

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

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

[panganib999]

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

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

[yazher]

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

[Blitzboy]

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

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

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

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

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

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

[rojan]

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

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

[JunaidAzizi]

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

[YUriy1991]

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,...

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

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

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

[GeorgeJohn]

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

[Y3shot]

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