This is my plan.

[Suzume]

Your idea is not too bad. I like your idea very much because there are many people who want to invest in Bitcoin but because of their financial position, many people think a lot before investing. But you are saving a little for your investment even in your small earnings. This is very encouraging to those who want to invest in low income and what I think is the best idea of investing in low income.

[1714610594]

1714610594

[xzy887]

Your idea is not too bad. I like your idea very much because there are many people who want to invest in Bitcoin but because of their financial position, many people think a lot before investing. But you are saving a little for your investment even in your small earnings. This is very encouraging to those who want to invest in low income and what I think is the best idea of investing in low income.

In order to invest here, it is important to have income as well as knowledge about bitcoin. Because I have seen many people in real life whose income is very high. But they have never invested in Bitcoin e. They have found other ways to protect their money.
So not everyone invests in bitcoin e. Only those who have faith and good knowledge about bitcoin always keep their bitcoin investment money separate from their money.

[jasonjm]

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 think it is a very good strategy to start with. Invest whatever you can easily manage/ save; you can even invest $20 or $30 as well. Over time, you will be able to accumulate some amount of BTC, and you won't even realize it. At the end of the day, you will get profit from your investment, and if you want to hold for a few years, it will be excellent for you in terms of ROI. DCA is a feasible option for you, and yes use Electrum for BTC accumulation. You must not hold your investments on any exchange, as it is very risky, and you could lose your BTC.

[_Hiloveua_]

Your idea is not too bad. I like your idea very much because there are many people who want to invest in Bitcoin but because of their financial position, many people think a lot before investing. But you are saving a little for your investment even in your small earnings. This is very encouraging to those who want to invest in low income and what I think is the best idea of investing in low income.

It is true that if a person wants to invest in Bitcoin then he must have good knowledge about crypto. Even if you want to do well in the future, you have to spend time behind it. Although investing in bitcoins can change a person's life by earning good money in the future. According to you if a person has the desire but does not have enough money to invest. Then he should save some money from his monthly money and invest that money gradually. As @OP said he plans to invest $50 per month. If a person invests less and less in this way, then it will be seen that a lot of money has been invested. And hopefully life will change by earning good money in future.

[pawel7777]

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.

You should probably start with figuring out what (hopefully realistic) goal are you trying to achieve by investing in Bitcoin and then choose the right strategy that is more likely to get you there.
If you want to hold for 10+ years no matter what, then the DCA is probably a good way to go. But if you're aiming in maxing up the profit on the next bull-run (expected around/after the next halving) then buying more as soon as possible (before the price starts going up) makes more sense than doing the classic DCA.
You yourself said that "Now is the best time to buy", and DCA is used when you don't know if it is or isn't a good time to buy. Of course if you can't afford to pocket out any larger amount up front, then there's not much choice but to buy regularly after a pay day.

Anyhow, best of luck and remember that BTC/crypto are really high risk investments, so sit yourself down and have a serious thought of how much are you willing to risk. Don't be a gambler.

[Oasisman]

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.

That sounds like a good investment plan and yes you don't need to go thoroughly and learn about bitcoin like a computer geek, but what I suggest for you to learn more is how to secure your bitcoin in most safest way possible. Some investors forgot to secure their funds first because they are too focused on accumulating and learning the steps of how to maximize their profit. These same people are the ones who are susceptible to scam.
Though $50 a month may sound a small value but once accumulated it would become a large sum of money.
It seems like some of the forum members have already commented in the first page about a few steps and a few layer of security you can do to secure your bitcoin. I hope you will follow those steps and use the one you are most convenient with.

[rodskee]

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 think it is a very good strategy to start with. Invest whatever you can easily manage/ save; you can even invest $20 or $30 as well. Over time, you will be able to accumulate some amount of BTC, and you won't even realize it. At the end of the day, you will get profit from your investment, and if you want to hold for a few years, it will be excellent for you in terms of ROI. DCA is a feasible option for you, and yes use Electrum for BTC accumulation. You must not hold your investments on any exchange, as it is very risky, and you could lose your BTC.

\Saving even below that amount is best than keep on waiting like many says to wait for perfect timing but the sad part is they missed the low and turns into so much high before they finally realized to buy.

[Fara Chan]

Your idea is not too bad. I like your idea very much because there are many people who want to invest in Bitcoin but because of their financial position, many people think a lot before investing. But you are saving a little for your investment even in your small earnings. This is very encouraging to those who want to invest in low income and what I think is the best idea of investing in low income.

The idea is actually quite simple, because anyone who wants to invest in Bitcoin for the long term, anyone can do so by separating the money they need from the money that will be used as their own investment capital for Bitcoin. Regardless of the amount of income each person gets for this, what is clear is that this idea will always work if we ourselves have the intention to make it happen in the simplest possible way and one of them is by separating the money for daily needs from the money that will be used as an investment.

In order to invest here, it is important to have income as well as knowledge about bitcoin. Because I have seen many people in real life whose income is very high. But they have never invested in Bitcoin e. They have found other ways to protect their money.
So not everyone invests in bitcoin e. Only those who have faith and good knowledge about bitcoin always keep their bitcoin investment money separate from their money.

Not everyone has the same desire in investing so people who do not invest in Bitcoin, while they have a very large income and know how to protect their own money are people who simply do not have the desire to invest in Bitcoin so they also should not be considered as the wrong person because basically they also have their own way of managing their own money. Apart from that, it could be that they are also hindered by their level of knowledge about Bitcoin which is still very little so that their trust in Bitcoin is still not that much and this causes their confidence in Bitcoin to still be very thin.

[SOKO-DEKE]

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

Additionally, I don't believe someone needs to be knowledgeable enough to start investing in bitcoin. Trying to gain sufficient knowledge before investing in bitcoin can result in someone missing out on some possibilities because, for beginners, gaining that much knowledge will take a lot of time. Furthermore, gaining knowledge is a gradually process, especially learning about bitcoin technology. Therefore, having a basic understanding of Bitcoin and the cryptocurrency market is sufficient for someone to begin their Bitcoin journey, in fact, someone will find it easier to learn quickly if it is already in the system, as this may even make them more serious since they will not like losing their money.

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.

The greatest way to acquire bitcoins is through DCA since it exposes one to a variety of bitcoin values. The truth is that you should only invest what you can afford to lose. Consequently, buying a small quantity of Bitcoin each month is a really fantastic idea. I am aware that $50 is not a lot, but the reality is that for those who don't have much, losing that kind of money after putting it in for a while will make them mad. Although I don't pray you will lose your  Bitcoin but the truth is that anything happen.

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.

The greatest time to invest in Bitcoin is always. As of now, someone is willing to hold it for a very long time, but if you have a target between short periods of time, like chasing a bull run, you must look for a good time to accumulate, especially when the price is low, like right now when Bitcoin's price is not all that high. I think that if someone is aware that Bitcoin won't make them rich overnight, then they can be free with worrying a little bit.
 

[SeriouslyGiveaway]

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.

Your plan sounds good, and I agree with you on starting to buy and hold Bitcoin using the DCA strategy. In addition to that, I have another strategy that I'm using. If you don't mind, you can check it out at the following link:
https://bitcointalk.org/index.php?topic=5464708.msg62754648#msg62754648

[GbitG]

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

Well, if, according to your claim, knowledge means basic and objective knowledge regarding investment in Bitcoin, then I agree with your position without hesitation. Because, in general, knowledge of the basic concept is enough for investment. Getting more knowledge is not mandatory for the investor, because finding knowledge at the time of opportunity and investing after that can deprive you of grabbing this investment opportunity.

And yes, if you mean that without basic knowledge, which has not been learned, or investment while learning, it is better in your position. If I have not misunderstood what you said, but with excuses, I'm not ready to accept your opinion. The reason is that if you don't have basic knowledge about investment strategy in the cryptocurrency market, that investment will cause you a loss instead of a profit. Can be more demanding to give. The cryptocurrency market is based on high volatility, which can also cause losses.

So it means to say that basic knowledge is also enough to invest. If you use whatever is needed according to the occasion and the circumstances of your knowledge, then the opportunity to gain profit can be ensured. The rest is my opinion; you can disagree.

[DabsPoorVersion]

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

Additionally, I don't believe someone needs to be knowledgeable enough to start investing in bitcoin. Trying to gain sufficient knowledge before investing in bitcoin can result in someone missing out on some possibilities because, for beginners, gaining that much knowledge will take a lot of time. Furthermore, gaining knowledge is a gradually process, especially learning about bitcoin technology. Therefore, having a basic understanding of Bitcoin and the cryptocurrency market is sufficient for someone to begin their Bitcoin journey, in fact, someone will find it easier to learn quickly if it is already in the system, as this may even make them more serious since they will not like losing their money.

I think OP refers to learning about Bitcoin. We all know how wide Bitcoin is, OP is referring to that and not only about investing in Bitcoin. As he planned to learn about it, he decided that he can invest while learning about Bitcoin. OP is still in the middle of learning so while he's at it, investing money would be a wise move. He will not missed out the possible trend as he will do not need to focus only on his investment.
OP, Everyday is a learning day in Bitcoin, it will surely take a lot of time to learn more about it.
But as long as you continue and show your interest on learning, your efforts will not be in vain.

[Bitcoin_people]

Your plan will be great if you invest accordingly. If you put one-sixth of your income into Bitcoin investment, it will show you a huge capital accumulation in half a year. If you are working for a monthly salary of $300, then if you save $50 equivalent from that, you will definitely have a good amount of money in your wallet. In that case you will get a very good bitcoin beach phrase when you buy bitcoins with your savings. Of course you should then use a good wallet to keep your money safe. That's why you need to use a strong wallet so that your funds don't get hacked. Of course, if you keep investing bitcoins like this, you will have a good amount of bitcoins stored in your wallet at some point. So I think if you continue with this plan, you can definitely make huge profits when Bitcoin turns into a bull market.

[bayu7adi]

[...] 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.

In your country, is it common for someone who is already working to continue having all their living expenses covered by their parents? Considering that $100 in monthly expenditures can be quite challenging. Or perhaps, is this merely a representation with the intention of highlighting it as a percentage of income?

In large European and American countries, the minimum monthly wage might be around $1500. If we follow the allocation you've suggested as a percentage, then setting aside $250 for Bitcoin would be feasible, I hope. This way, you could eventually accumulate the leftover portion of your monthly living costs to invest in BTC by the end of the month.

Commence the Dollar-Cost Averaging (DCA) strategy and do not lose sight of your financial goals. Every action should have a clear objective to prevent becoming too caught up in the volatile price swings of Bitcoin.

[kro55]

[...] 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.

In your country, is it common for someone who is already working to continue having all their living expenses covered by their parents? Considering that $100 in monthly expenditures can be quite challenging. Or perhaps, is this merely a representation with the intention of highlighting it as a percentage of income?

In large European and American countries, the minimum monthly wage might be around $1500. If we follow the allocation you've suggested as a percentage, then setting aside $250 for Bitcoin would be feasible, I hope. This way, you could eventually accumulate the leftover portion of your monthly living costs to invest in BTC by the end of the month.

Commence the Dollar-Cost Averaging (DCA) strategy and do not lose sight of your financial goals. Every action should have a clear objective to prevent becoming too caught up in the volatile price swings of Bitcoin.

Are you from developed countries? Because if you come from a developing country, an average income of 300 USD is common. It may sound unbelievable but that is the basic salary you will receive when working 8 hours/day and most people will find a part-time job to increase their income. You can spend 100-150 USD per month if you live alone and know how to save for the future.

$50 per month in bitcoin isn't bad for OP's income, what matters is how long he can keep it up. Because if he has a girlfriend or is married, with that level of income, his plan will be difficult to continue.

[Xcode7]

Your plan will be great if you invest accordingly. If you put one-sixth of your income into Bitcoin investment, it will show you a huge capital accumulation in half a year. If you are working for a monthly salary of $300, then if you save $50 equivalent from that, you will definitely have a good amount of money in your wallet. In that case you will get a very good bitcoin beach phrase when you buy bitcoins with your savings. Of course you should then use a good wallet to keep your money safe. That's why you need to use a strong wallet so that your funds don't get hacked. Of course, if you keep investing bitcoins like this, you will have a good amount of bitcoins stored in your wallet at some point. So I think if you continue with this plan, you can definitely make huge profits when Bitcoin turns into a bull market.

Investing using savings (money that is not used to meet living needs) is a big advantage when the market is in a bad trend so we can wait much longer.
Of course that is the right plan, but in my opinion, knowledge about Bitcin must first be mastered before carrying out the plan so that you can make a profit because investing in Bitcin is not as easy as it is said, everything requires the right process and method.
Regarding security wallets, the first thing to pay attention to is the comfort and security of the assets we own.

[Xampeuu]

[...] 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.

In your country, is it common for someone who is already working to continue having all their living expenses covered by their parents? Considering that $100 in monthly expenditures can be quite challenging. Or perhaps, is this merely a representation with the intention of highlighting it as a percentage of income?

In large European and American countries, the minimum monthly wage might be around $1500. If we follow the allocation you've suggested as a percentage, then setting aside $250 for Bitcoin would be feasible, I hope. This way, you could eventually accumulate the leftover portion of your monthly living costs to invest in BTC by the end of the month.

Commence the Dollar-Cost Averaging (DCA) strategy and do not lose sight of your financial goals. Every action should have a clear objective to prevent becoming too caught up in the volatile price swings of Bitcoin.

Are you from developed countries? Because if you come from a developing country, an average income of 300 USD is common. It may sound unbelievable but that is the basic salary you will receive when working 8 hours/day and most people will find a part-time job to increase their income. You can spend 100-150 USD per month if you live alone and know how to save for the future.

$50 per month in bitcoin isn't bad for OP's income, what matters is how long he can keep it up. Because if he has a girlfriend or is married, with that level of income, his plan will be difficult to continue.

in developing countries, income of that size is normal, and I think that monthly expenses of only $100, it is possible for him to still be single, with the goal of setting aside money for investment, this has become an extraordinary thought for young people, because in developing countries there are many among those who follow a hedonistic lifestyle to emphasize their status so that even a house will be difficult to find

[Patrol69]

It is a very good decision and a good plan. Those who can plan like this can live a very good life even with a relatively small amount of income. How nice you have planned with 300 dollars monthly salary, many people can't plan so well even with 1000 dollars income. If your household expenses are gone by $100 then you get another $200 at the end of the month to do all the other planning. Out of 200 dollars, your plan is that you will save 100 dollars and 50 dollars you will spend for your own needs and the remaining 50 dollars you will invest in monthly bitcoins. If every month you invest 50 dollars in bitcoin then at the end of the year you will have 600 dollars invested like this if you can do five years then at the end of five years your total investment will be 3000 dollars and in these five years I believe the bitcoin market will go higher and there You can earn more money from

[Strongkored]

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 long term plan is quite good but I'm sure you will experience obstacles when you start implementing it and I can say that setting aside $50 from a total income of $300 is quite large, maybe you are not married and live with your parents because you can set aside quite a lot of money for investment, because one thing that can drain our income is the cost of renting a house/apartment apart from food costs.
The good things that you understand enough to store your Bitcoin in Electrum because this is a wallet that is quite widely used by Bitcoin lovers and this wallet is quite easy to use.
What you may also encounter is when you start to collect and after that the price of Bitcoin drops so you become a little unhappy and it requires patience to see your investment move in the direction you expect.

[Haunebu]

Here's the thing op. So many people keep saying that now is the best time to buy BTC since it's price is low and it will increase and reach its new ATH later, but that's all wishful thinking since BTC can even drop like crazy.

There is no guarantee that you will earn profit on your investment at any point in the future which is why you should invest only what you are willing to lose.