This is my plan.

[Outhue]

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 respect the fact that you are not in rush to invest in Bitcoin but bear market is the best time to invest in Bitcoin, if you can't do it now then maybe few years down the line? Just don't buy the top thinking you are doing the right thing, if you are making $300 every month and $50 is all you can afford it's good enough so don't wait, this bear market is scaring people off investment and now that it seems like a world war 3 is about to begin, all these are just distractions.

Electrum wallet is a good choice but make sure you keep your recovery seed safe offline, somewhere no one else can get to, and don't even think about storing them in your online email account like some people use to do, online email accounts can get hacked too.

If you have the money I think a Trezor hardware wallet is a lot safer and more secure than an Electrum wallet, think about this if you can afford the money, I think a Trezor hardware wallet costs $69 for the Trezor model one and a bit over $200 for the more advanced Trezor model T.

[SeriouslyGiveaway]

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.

- Hey, can I ask you a question? If now isn't a good time to buy BTC, when do you think is a good time? When it hits its all-time high (ATH), right?
- Investing always involves some level of risk, and it's wise to be cautious. But if you're overly hesitant and just keep waiting for a significant price drop, you might miss out on opportunities. So, I believe that buying BTC right now using the DCA strategy is a good option because we can't accurately predict when it'll hit its lowest point.

[pawel7777]

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.

That's true, but your advice has no value. Absolutely any type of investments could drop in value (including fiat money) and nothing is ever guaranteed. But you have to invest/store your wealth somehow, so there's no escaping the risk. If you think that buying BTC now is not a good move and/or there are other, better assets to invests - then explain your reasoning. Only saying that "it could drop" is just stating the obvious and is not very helpful.

[Antotena]

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.

Same way I over did myself and lost access t wallet because I think I know much already about bitcoin but bitcoin is different thing. You need to calculate everything before doing it. You can loss your all you have invested in bitcoin if you are over confident, and not careful of minor things, you can may end up not having anything on your wallet if care is not taken.

Another angle people don't understand is bitcoin can not give them riches as they expected, the days of Christmas profits are now of the past, we live in the presence where big money makes big profit whole small profit makes small profit.

[terrific]

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,

Being single and with that expenses isn't a lot and that will allow him to be able to invest in Bitcoin at any point of his life.

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

And with the age of flaunting in social media, this makes them move together with them because that's what they think is the right thing to do.
But without preparation of their future lives, they're making things too complicated for themselves if they don't have a plan to invest to valuable assets like Bitcoin.

[AHOYBRAUSE]

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 smart you become a valuable part of this forum.
That way you can level up and maybe get into a signature campaign.
At the owest level you still earn around 40-50$ in btc which then you can save every month without using your hard earned money from your job.
That way you can maintain your current money situation but still add plenty of $ in btc every week/month.

Good luck with your plan though.

[Ricardo11]

Since you don't have enough knowledge about investing in Bitcoin, do enough research and gather a lot of knowledge about investing before you invest. Everything you need to know about your investment. And before investing first prepare yourself for full investment. If you get a salary of $300 per month, if you invest $50 in bitcoins out of that, you can very well serve your family and all your personal expenses with $250. You don't need any exact time to buy bitcoins, if you invest in long term you will definitely get profit. Just invest for long term. If you continue to invest in Bitcoin in this way, you will surely achieve great success in life.
And good luck to you

[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.

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.

where did you get that I THINK BITCOIN IS A DREAM?

who told you about that? because I dont? I am dreaming of having more and more bitcoin , and that for now is getting reality so don't  put words into my mouth OK?

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).

as if yo deeply understand the market and the nature of bitcoin , as if that easy to  put in action those words.

Prove that you are a Bitcoin investor before teaching us about this, because we have been holding for long now;.

[Natsuu]

Since you don't have enough knowledge about investing in Bitcoin, do enough research and gather a lot of knowledge about investing before you invest. Everything you need to know about your investment. And before investing first prepare yourself for full investment. If you get a salary of $300 per month, if you invest $50 in bitcoins out of that, you can very well serve your family and all your personal expenses with $250. You don't need any exact time to buy bitcoins, if you invest in long term you will definitely get profit. Just invest for long term. If you continue to invest in Bitcoin in this way, you will surely achieve great success in life.
And good luck to you

Simply don't do anything that you don't know in the market. The market is a very dangerous place for those who are pressured to make money. If you present you wallet or coins, the market will be willing to take that from you and you have nothing you can do about it. If you're going to buy an altcoin for greater gains, make sure you've done your research and it is not just a coin for pump and dump.

Having enough money is enough enough. You have to be very smart and discipline when you are engaging in the market.

[CoinFoxs]

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 seems good but keep one thing in mind there is fluctuation in altcoin’s price so only choose top 20 coins for trading because their price is almost stable there will not be any huge dip in their prices. And electrum wallet is good to store bitcoins, you can consider coinbase also to store your bitcoins

[Agbe]

Procrastination is the worst thing you don't need to do. If you have the money, I advise you to buy now as bitcoin still on the low key. As you said, you have the knowledge and want to invest $50 every month, it is a good plan, invest now and continue the bitcoin education. But you would disclosed your monthly salary to us because we are not interested to know your monthly income if you want to invest on bitcoin there was no need for announcement. Yes Electrum is one the best for investment but you still need to be security conscious. One thing to plan and another thing to implement and the last one is to achieve the plan.

[pawel7777]

Your plan seems good but keep one thing in mind there is fluctuation in altcoin’s price so only choose top 20 coins for trading because their price is almost stable there will not be any huge dip in their prices. And electrum wallet is good to store bitcoins, you can consider coinbase also to store your bitcoins

Why would you even mention altcoins at all? OP specifically said he's looking to invest in Bitcoin.
If we believe that the cyclical price movements will continue - this is a horrible time to even think of buying altcoins. This is the stage where Bitcoin is going up faster than altcoins. The so-called "altcoin season" will come later, but frankly, the best strategy for most is to avoid them altogether.
If you look at the historical data, you will see that the composition of the top 20 has been changing quite drastically. Many of the previous top altcoins are now completely forgotten and not even in the top 100 anymore.

[seanskie18]

If you find investing $50 a month too risky, consider reducing your investment. Electrum, an open source wallet, is not secure by default. Store your seed phrase carefully and keep multiple copies on hand to avoid potential compromises. Use Electrum on an air-applied device or purchase a hardware wallet for increased security. If you stick with your DCA plan, your funds will grow and your investment will be secure.

[macson]

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.

i have seen many predictions that the price of bitcoin will reach $100k ++ in late 2024 to 2025, for people who really have the intention of investing in bitcoin in the long term, it is recommended to use the DCA and buying dip method ^{(both are the best strategies for investing in bitcoin today)} in investing in bitcoin, don't sell the existing bitcoin you have even though the market is bearish which will definitely happen quite often, sell bitcoin with your own price target, and be sure that bitcoin will pass its ATH sometime in the future.

[serjent05]

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.

i have seen many predictions that the price of bitcoin will reach $100k ++ in late 2024 to 2025, for people who really have the intention of investing in bitcoin in the long term, it is recommended to use the DCA and buying dip method ^{(both are the best strategies for investing in bitcoin today)} in investing in bitcoin, don't sell the existing bitcoin you have even though the market is bearish which will definitely happen quite often, sell bitcoin with your own price target, and be sure that bitcoin will pass its ATH sometime in the future.

And the right moment to start for those who haven't started their investment venture on Bitcoin yet is now.  We are still in the end phase of the bear market, soon after the halving, a bitcoin bullish market may emerge so starting to DCA today can prepare us prepared enough on the next bull run and possible breaking of an all-time high.

This will give us a very good profit since the current price is around $35k and the prediction of the new ATH would surpass $160k, a possible 3x or more profit is indeed very good considering it will only take less than 3 years to possibly realize.

[Assface16678]

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.

- Hey, can I ask you a question? If now isn't a good time to buy BTC, when do you think is a good time? When it hits its all-time high (ATH), right?
- Investing always involves some level of risk, and it's wise to be cautious. But if you're overly hesitant and just keep waiting for a significant price drop, you might miss out on opportunities. So, I believe that buying BTC right now using the DCA strategy is a good option because we can't accurately predict when it'll hit its lowest point.

But we also need to understand that maybe he is not well known in bitcoin. Bitcoin may become high in the following weeks or months, but we can't predict it. He can't predict it. Maybe he has a plan, so let's not get involved with it. I also think right now is a good time to halve bitcoin, as it got hyped by the recent price spike. Many have caught their attention to it, and I'm sure many will enter and invest in bitcoin. With that, there will be a lot or big movement in the bitcoin price, which has a profit potential. But still it also risky, we can't ignore that maybe it will go opposite, well it is worth to risk as we know cryptocurreny has a lot of risk and investing to it take a strong mind and dedication, maybe that's why the op is hesitant to buy bitcoin right now or doesnt have enough funds to do so.

[Publictalk792]

That is an excellent plan by the way that you are using the DCA method to accumulate the Bitcoin. If you are separating some $ From your income this will be a good long term strategy to get more Bitcoin. And you talked about Electrum wallet so in my point of view this a safe wallet and you can use it to store you Bitcoin.

[adultcrypto]

And the right moment to start for those who haven't started their investment venture on Bitcoin yet is now.  We are still in the end phase of the bear market, soon after the halving, a bitcoin bullish market may emerge so starting to DCA today can prepare us prepared enough on the next bull run and possible breaking of an all-time high.

You are absolutely correct because now is the best time. With the way Bitcoin moves delaying might lead to high prices which can discourage people from getting in.

The OP mentioned starting his investment with $50 per month, which is a great plan. But a time hs coming when the quantity if Bitcoin $50 can buy will be so insignificant compared to what it can achieve now. The pressure in Bitcoin recently is already showing how rapid Bitcoin can move within a short time.

This will give us a very good profit since the current price is around $35k and the prediction of the new ATH would surpass $160k, a possible 3x or more profit is indeed very good considering it will only take less than 3 years to possibly realize.

I have seen many varying predictions about the ATH and it has become difficult knowing which one will work. To be conservative,  I think $100k is fine since it is the least price among the predictions. The moment Bitcoin gets to that price, it will just be a matter of time before it gets higher in line with the other predictions.

[Tony116]

And the right moment to start for those who haven't started their investment venture on Bitcoin yet is now.  We are still in the end phase of the bear market, soon after the halving, a bitcoin bullish market may emerge so starting to DCA today can prepare us prepared enough on the next bull run and possible breaking of an all-time high.

You are absolutely correct because now is the best time. With the way Bitcoin moves delaying might lead to high prices which can discourage people from getting in.

The OP mentioned starting his investment with $50 per month, which is a great plan. But a time hs coming when the quantity if Bitcoin $50 can buy will be so insignificant compared to what it can achieve now. The pressure in Bitcoin recently is already showing how rapid Bitcoin can move within a short time.

Even if bitcoin price is 10k$ but you don't believe in it and don't have money then it's not the best time. So the best time to buy is when you have the money, otherwise there will be no best time to buy.

If you use the strategy of buying monthly and holding long-term, you should not pay much attention to the price of bitcoin because it will easily make you hesitate. Then you will wait for the price to decrease to buy, but if the price does not decrease but increases, you will miss the opportunity to buy. So stick to the original plan and don't worry about the price.

This will give us a very good profit since the current price is around $35k and the prediction of the new ATH would surpass $160k, a possible 3x or more profit is indeed very good considering it will only take less than 3 years to possibly realize.

I have seen many varying predictions about the ATH and it has become difficult knowing which one will work. To be conservative,  I think $100k is fine since it is the least price among the predictions. The moment Bitcoin gets to that price, it will just be a matter of time before it gets higher in line with the other predictions.

Bitcoin's ATH is impossible to predict just as we cannot predict where bitcoin's bottom will be during bear season. The best way is to set a selling target and only sell when the price hits the target.

[Suzume]

I recently started earn from Bitcointalk. I belong from middle class family of Bangladesh and I read in class 12. It's a dream to set up a small business of my own. Because of I belong from a middle class family it's a dream to started something new of my own. I think forum can give me this opportunity to start something my own. Why I am saying that I am saying that because I recently started earning from signature campaign and its a dream to hold full amount of BTC I have earned from this forum I want to hold this until my HSC exam end. After my exam with this money I want to start something my own. I don't know how much amount of money I can save from it but it's will be quite helpful for starting something my own and the earning take me  to the next step that I want to start.