I am 19 years old boy living in South korea. Please give me an advice

[bayu7adi]

Quite a significant increase, isn't it? But that's from 2009. Now it's 2023, and if you assume there will be a similarly significant increase in 14 years, don't set your hopes too high for the Bitcoin market. The market doesn't always move in line with your expectations. So, don't invest all your $100 in Bitcoin every month. You need to live your life as well.

In my opinion, for instance, if in one month you only need 50% of your total funds, you can allocate 30% to buy Bitcoin. Use the remaining 70% for your monthly expenses, skill upgrades, or improving your knowledge. Be confident that it will be beneficial for your future while waiting for Bitcoin to soar.

[1714639097]

1714639097

[1714639097]

1714639097

[Sarah Azhari]

I receive about $100 a month from my dad. I am planning to use them to buy some bitcoin.
Please give me an advice to be successful Bitcoin investor in the future.

Is that pocket money? or the money you need for food, bus fare, and internet? If that $100 is the money gifts from parents that are used for pocket money to buy snacks, soft drinks, or card games. Better to use it to buy bitcoin, use at least $75 to buy bitcoin, and the rest you use it for snacks. I am salute with you because you are still young and have thought to realize the future to begin investment. I very rarely meet the young people, who save pocket money just to buy a few bitcoins, I don't know how?, maybe because of the conditions in your country is very comfortable to live, and think a young people like you think about life in the future.

Just continue it, and the next, you just need to control your emotions and have a target for when to sell or buy the asset.

[Lorence.xD]

You could already do DCA method with that money every month, but based on you post OP, it seems your just starting to invest, so I suggest you to do your own research first and attain knowledge so you wouldn't not just invest without knowing the rest. Cause you might do DCA method but not knowing there's other methods, skills and techniques that you could apply if you study first. Just know that Bitcoin is still volatile so there's no guarantee that it would meet up your expectation real quick. It might take years, decades, months to reach it's peak once again. Investing early really have advantage as you already have background about investing money especially it would be a benefit for you in the future. You're lucky with your dad as he gives you monthly allowance, would be better to inform him and as well leave some money for you to buy foods.

[famososMuertos]

Everyone is called to enter the kingdom of bitcoin but this is not a crusade to conquer treasures.

Being with some satoshi is better than being with nothing, get involved with bitcoin, $100 is an investment not only to belong to bitcoin, but to discover an interesting niche.

Since it will increase $100 monthly, it is progressive, you have a low risk stage in your capital, so surely when you have about $1000 you will know what to do, if while you accumulate monthly, you study, research and learn.

Various trading strategies have been suggested to you, also "simple" things like holding, etc.  Read, research and study well which of them works for you, and remember what works for you today may not be useful tomorrow.

[Fiatless]

Please give me an advice to be a successful Bitcoin investor in the future.

A successful bitcoin investor should have basic knowledge of how the ecosystem works. There are many things you need to know about Bitcoin before investing. So my advice to you is to pause your investment plan and  invest time in learning about bitcoin. You are fortunate to be in a forum that you can get almost all the information you need about bitcoin.

100 dollar is for personal use. I can use it to anything I want. I use father's credit card for my expenses.

Okay, if that is the case, then it may not be a bad idea to buy BTC with some of that money every month. But there are things you must learn about BTC before buying it. Take note that BTC isn't a get rich quick scheme and you have to understand how to store your BTC in the right way so you don't lose it to scammers. Let's say you store your coins in a centralized exchange or in an online device that you use for your online activities, your funds can be stolen, so things like these is what you must learn about BTC before buying it.

Keeping his BTC in the right type of wallet is very important. There are so many centralized wallets that are advertised as decentralized wallets and OP needs to know about open-sourced and closed-sourced wallets. He should focus only on Bitcoin and shouldn't be deceived by the get-rich-quick promises of altcoins.

[bitnote]

If that monthly $100 dollar is not important for your expenses and you think it is extra than you can buy bitcoin every month or 4 times in a week so you can get bitcoin for average price.
and if that money($100) given by your dad to cover the expenses than invest what amount left in the end after all expenses, you can consider trading without leverage without risking all money to learn.
but buying and holding is better then trading for most people and doesn't require to learn much.

[fuguebtc]

I receive about $100 a month from my dad. I am planning to use them to buy some bitcoin.
Please give me an advice to be successful Bitcoin investor in the future.

Is that pocket money? or the money you need for food, bus fare, and internet? If that $100 is the money gifts from parents that are used for pocket money to buy snacks, soft drinks, or card games. Better to use it to buy bitcoin, use at least $75 to buy bitcoin, and the rest you use it for snacks. I am salute with you because you are still young and have thought to realize the future to begin investment. I very rarely meet the young people, who save pocket money just to buy a few bitcoins, I don't know how?, maybe because of the conditions in your country is very comfortable to live, and think a young people like you think about life in the future.

Just continue it, and the next, you just need to control your emotions and have a target for when to sell or buy the asset.

But what if that was all the money his parents gave him for monthly expenses, including food, tuition...so what? I think studying is more important than using that money to invest in bitcoin and disrupting his studies.

Many young people today have the idea of getting rich, they all want to become rich, that is the desire of young people. But what's more worrying is that they like to get rich quickly, they prefer gambling rather than getting rich slowly and sustainably. Therefore, I think OP needs to have a proper look at bitcoin before making an investment decision. Bitcoin cannot make us rich with just a small amount of capital or will make us rich overnight.

[2Pizza410000BTC]

After graduating high school, I saw bitcoin on youtube. At that time, it was about 60,000 dollar.
I had some research about Bitcoin. I specially watched videos of Michael Saylor. For me, he sounded very logical.
I checked the price, and I could see that Bitcoin is up 45950334.26% since 2009. I thought I am very late to start invest to Bitcoin, but many people said it is early. So.. I am really confused. I receive about $100 a month from my dad. I am planning to use them to buy some bitcoin.
Please give me an advice to be successful Bitcoin investor in the future.

No doubt you can continue your investment. If you think it's too late to get into Bitcoin then you should continue investing in Bitcoin now. There are many like you who are new to Bitcoin and investing. If you get $100 per month from your father and invest that $100 instead of spending it on unique activities, you will have a lot of success at once. You can also strengthen your investment by starting work on the forum. But my advice for you is to keep your investment very safe and keep the seed phrase of the wallet you use safe so no one can steal it.

[KiaKia]

There are skills that you can apply to improve yourself and this will help you have more Bitcoin as time goes on, I am not saying you can't start DCAing into Bitcoin right now but since you are doing this from your pocket money makes me feel somehow.

Someone who relies on such money will fall for emotions when Bitcoin moves anyhow, I recommend you start reading about Bitcoin wallet, you can use this forum search engine to find good information about which wallets are safest for storing your Bitcoin.

Normally I believe that hardware wallet is the best if you can afford it but there are also other ways, so while you are dollar cosy averaging into Bitcoin find a crypto related skills you can learn, like trading and be focus on it for the long run, if you end up becoming a good trader you will have many more Bitcoin on the long run.

Trading is risky and that's why you don't have to rush it out, take your thing and learn slowly while you keep buying Bitcoin with your pocket money.

[btc78]

After graduating high school, I saw bitcoin on youtube. At that time, it was about 60,000 dollar.
I had some research about Bitcoin. I specially watched videos of Michael Saylor. For me, he sounded very logical.
I checked the price, and I could see that Bitcoin is up 45950334.26% since 2009. I thought I am very late to start invest to Bitcoin, but many people said it is early. So.. I am really confused. I receive about $100 a month from my dad. I am planning to use them to buy some bitcoin.
Please give me an advice to be successful Bitcoin investor in the future.

for what your daddy sending you 100$ a month? is that only for you to spend or for school or important things? because if that money is important to you then never consider putting it at risk.

Invest only the amount you can afford to lose

since you have already research about bitcoin then you already knew that quote i have given?

so think twice before investing , and if you can risk half of it then better to only put half.

[SOKO-DEKE]

Bitcoin is a very great investment to me, according to my own research, and many people who have invested in bitcoin believe they did their own research and have a tangible reason to invest in bitcoin. Now that you know about Bitcoin just recently, I will advise you to take your time and do more research about it, despite the ones you have done before, because I think you are not well confused about your decision to invest in Bitcoin; if not, you will not be asking for advice about your decision to invest and the amount you are planning to invest. It really shows that you are a little bit scared to lose your money.
 
Do your personal research well and allow your research to get you confused about whether you need to invest in Bitcoin or not and the amount you can afford to invest in a Bitcoin investment. Know that following people's advice when investing in bitcoin is not a great idea because their advice may go against your plan of investment.
 
Investing 100 dollars in bitcoin every month is a very good step, and it will also save as a DCA method of bitcoin investment, which I think is the best method of accumulating bitcoin, but the truth is that if you can't afford to lose that kind of money, don't invest all that amount; just invest what you can afford to lose because anything can happen in the cryptocurrency industry.someone life savings are not supposed to be on one particular thing especially been only in internet that is not a good plan.

[Cookdata]

After graduating high school, I saw bitcoin on youtube. At that time, it was about 60,000 dollar.
I had some research about Bitcoin. I specially watched videos of Michael Saylor. For me, he sounded very logical.
I checked the price, and I could see that Bitcoin is up 45950334.26% since 2009. I thought I am very late to start invest to Bitcoin, but many people said it is early. So.. I am really confused. I receive about $100 a month from my dad. I am planning to use them to buy some bitcoin.
Please give me an advice to be successful Bitcoin investor in the future.

Glad that you saw it when it was around $60k, that's the power of bitcoin growth. Michael Saylor is a Microstrategy investor and he was probably encouraging people back then not to fear, that's why you see one of his videos back then but sadly we are back to 1/2 of that price now due to some bad guys that influenced people to loss huge billions of dollars, that's what happened if you wonder why the price if no half the original price you saw back then.

If you are thrilled to invest in bitcoin because you say 45 million %, then I hope you are prepare for the bump ahead. It didn't grow to that level without a fight, didn't grow to that price without speculations and repeated crash, I hope you have that courage to hold if you buy some bitcoin.

Coming back to your funds, If you don't have anything you do with that monthly allowance, you can do monthly dollar average by buying some sats every month, if you can do that, you will get some profits in few years time but I can't promise you how big and high your return is going to be as I can't really say the amount you can buy but to get more profits in bitcoin, you need more dollars to that. Or you can just be a trader and to enjoy every show of bitcoin.

[WillyAp]

Glad that you saw it when it was around $60k, that's the power of bitcoin growth. Michael Saylor is a Microstrategy investor and he was probably encouraging people back then not to fear, that's why you see one of his videos back then but sadly we are back to 1/2 of that price now due to some bad guys that influenced people to loss huge billions of dollars, that's what happened if you wonder why the price if no half the original price you saw back then.

You guys seem to forget that the TO is a newbe, no experience never has traded even a bushel of wheat and will most likely loose the first 100 on some obscure site promising high returns.

[Forever101]

Thanks to your dad and good job for thinking on how to generate wealth. Here is my candid advice, do more research on bitcoins. Divide the 100 dollar into 3 which is around $33 invest that on bitcoins on monthly basis, then the remaining money should be saved for other business, is totally unwise to invest everything in bitcoins, Bitcoin might hit another bearish market at the time you need money. Find other business that can generate money for you on daily basis. You can also invest in other things apart form cryptocurrency. Diversifying is the best thing to maximize the potential of the money your dad is giving you on monthly baiss

[Renampun]

After graduating high school, I saw bitcoin on youtube. At that time, it was about 60,000 dollar.
I had some research about Bitcoin. I specially watched videos of Michael Saylor. For me, he sounded very logical.
I checked the price, and I could see that Bitcoin is up 45950334.26% since 2009. I thought I am very late to start invest to Bitcoin, but many people said it is early. So.. I am really confused. I receive about $100 a month from my dad. I am planning to use them to buy some bitcoin.
Please give me an advice to be successful Bitcoin investor in the future.

My advice is not to use all your money to invest in Bitcoin, you are still someone who is under the responsibility of your parents and even if you intend to buy Bitcoin worth the money you got from your parents, make it a long-term investment. you can also try to make a side income that can give you enough money to buy bitcoin and the method I recommend is the DCA method, currently there are quite a lot of ways for you to make side money in the form of Bitcoin or other cryptocurrencies, of course you have to try to build your skills yourself.

[Sophokles]

It is not a great idea to look for advice in a forum like this if you don't have basic understanding of finance. So many different opinions from different people can confuse and demotivate you easily. First you should get a good understanding of finance which will give you great observation skills and allow you to identify the best opinion for your investment journey.

[BitcoinPanther]

My advice is not to use all your money to invest in Bitcoin, you are still someone who is under the responsibility of your parents and even if you intend to buy Bitcoin worth the money you got from your parents, make it a long-term investment. you can also try to make a side income that can give you enough money to buy bitcoin and the method I recommend is the DCA method, currently there are quite a lot of ways for you to make side money in the form of Bitcoin or other cryptocurrencies, of course you have to try to build your skills yourself.

It is the best time to invest in Bitcoin because there is someone supporting him in finances.  Since @OP's daily needs is being supported by his parents, he can use his allowance to invest in Bitcoin. I also agree that @OP must make it a long term investment in order to maximize his profit.  The current market situation is the best time to enter the market.  In just a year or two @OP might find his investment double or triple due to the upcoming bull market after the halving.

[SatoPrincess]

100 dollar is for personal use. I can use it to anything I want. I use father's credit card for my expenses.

The rule of thumb is only invest what you can afford to lose. You’re new to bitcoin and even though bitcoin is a very good investment, it can be confusing for a newbie investor. It seems to me that $100 allowance you receive from your dad is inconsequential to you and it won’t be too much trouble if you risk it. You already have the zeal to invest, what you need to do now is to learn where to buy/sell bitcoins, how to choose bitcoin wallets and how to secure your wallet.

[pixie85]

You are not late.

Read some price prediction of people who are smarter than you and me and you'll see what I'm talking about. Bitcoin is still in its early stage and the Internet penetration charts prove it. Bitcoin depends on the Internet and requires people to have the basics like access to a computer, decent phone that allows you to install apps, basic understanding of the hardware you're using and the concept of bitcoin. Someone who never used the Internet will not be able to use bitcoin. Many countries have very limited Internet access and that stops people who might be interested in bitcoin from using it.

I believe that at least 1% of all companies in the world will at some point use bitcoin and hold it as collateral.

[TimeTeller]

100 dollar is for personal use. I can use it to anything I want. I use father's credit card for my expenses.

The rule of thumb is only invest what you can afford to lose. You’re new to bitcoin and even though bitcoin is a very good investment, it can be confusing for a newbie investor. It seems to me that $100 allowance you receive from your dad is inconsequential to you and it won’t be too much trouble if you risk it. You already have the zeal to invest, what you need to do now is to learn where to buy/sell bitcoins, how to choose bitcoin wallets and how to secure your wallet.

He can always invest and buy some satoshis. It doesn't mean that he needs to use all those $100 to get btc.
But before doing so, he should be emotionally prepared and knowledgeable on this market.
And know how to secure those satoshis that he will buy, he can check the forum in the beginners section and read important points before he get his first satoshis.