Is there a formula for Bitcoin starters?

[Trawda]

I have been following the DCA strategy for Bitcoin for a while by saving what I can from my monthly income, and I only buy using the excess income I need. I do not insist on a fixed percentage, but rather a variable rate depending on income.

People who have a family and monthly expenses should have priorities and not necessarily pressure themselves to buy Bitcoin at a fixed percentage every month.

[1714726929]

1714726929

[1714726929]

1714726929

[1714726929]

1714726929

[1714726929]

1714726929

[1714726929]

1714726929

[YUriy1991]

I have been following the DCA strategy for Bitcoin for a while by saving what I can from my monthly income, and I only buy using the excess income I need. I do not insist on a fixed percentage, but rather a variable rate depending on income.

People who have a family and monthly expenses should have priorities and not necessarily pressure themselves to buy Bitcoin at a fixed percentage every month.

It seems like you really prioritize family needs as your main priority, only then if you have excess funds you invest and that is very wise. So, regarding the DCA option that you have applied, it is also the most popular formula now, simple but very helpful in purchasing, mitigating risk and taking advantage of price fluctuations even in installments.

Yes. Friend. Each person also has problems with varying financial conditions, where there is no one-size-fits-all approach. So. relax and just enjoy this journey of life, invest in what is most rational because if you force it, it won't be good in the end.

[CryptoBuds]

I have been following the DCA strategy for Bitcoin for a while by saving what I can from my monthly income, and I only buy using the excess income I need. I do not insist on a fixed percentage, but rather a variable rate depending on income.

People who have a family and monthly expenses should have priorities and not necessarily pressure themselves to buy Bitcoin at a fixed percentage every month.

It seems like you really prioritize family needs as your main priority, only then if you have excess funds you invest and that is very wise. So, regarding the DCA option that you have applied, it is also the most popular formula now, simple but very helpful in purchasing, mitigating risk and taking advantage of price fluctuations even in installments.

Yes. Friend. Each person also has problems with varying financial conditions, where there is no one-size-fits-all approach. So. relax and just enjoy this journey of life, invest in what is most rational because if you force it, it won't be good in the end.

Investing with idle money, excess money after spending on daily needs is always the right thing no matter where you invest. But I believe that not too many people do that, most people are investing money that they cannot afford to lose, because they are in too much of a hurry to get rich quickly. And that is also the reason why many people will sell early or have to cut losses if they need money urgently.

In addition to prioritizing the family's daily needs, I think a savings plan should also be a priority before we invest. Because as I said, there is no guarantee that our investment will bring returns as expected and in case we need money urgently if we do not have savings. We are forced to sell our investments reluctantly, so it is necessary to save some money.

[Z_MBFM]

Starting Bitcoin investment with little capital will be very challenging mostly if that happens to be the major survival option of the investor. And in cases where the investor plans on using the proceed to solve their needs they might end up selling when the price have dropped just to settle the pressing need of that time.

Not only investment in Bitcoin, no investment with small capital is very profitable. and if anyone dreams of running his family on the profits of his small capital investment, he is still living in a fool's paradise. Because Bitcoin doesn't pump 2x-3x per week or month so if someone invests $200 it is not possible for him to make $200 profit per month.  And nowadays it is not possible to run a family on less than $200 a month in any country. So if someone wants to run his family from the profits of bitcoin investment only then at least $5k must be invested. However, no one can guarantee a monthly profit because some months may result in losses due to dumping of Bitcoin prices.

As experienced investors are there measures that can be imbibed by new investors with little capital to help boast their capital. Some will want to mention patience which I will agree to but in situations where the money is needed to meet an emergency need how to you tackle such situations. Your formula might be a saving approach.

A small amount of capital cannot help anyone to meet urgent needs. Generally, if someone does future trading or invests in gambling and succeeds from there, then he can meet his target for a temporary period, but at some point he may suddenly lose all his capital.  Because future trading and gambling are very risky

[Strongkored]

Starting Bitcoin investment with little capital will be very challenging mostly if that happens to be the major survival option of the investor. And in cases where the investor plans on using the proceed to solve their needs they might end up selling when the price have dropped just to settle the pressing need of that time.

As experienced investors are there measures that can be imbibed by new investors with little capital to help boast their capital. Some will want to mention patience which I will agree to but in situations where the money is needed to meet an emergency need how to you tackle such situations. Your formula might be a saving approach.

If your income is not enough to meet your main needs or when your income allocation does not include reserve funds then investing is not very appropriate, as you mentioned there is a big chance that you will sell the investment at a loss because of urgent needs, before increasing investment capital then fulfill it first, first the main needs and have the right reserve funds and start investing, if the current income is not sufficient for this then look for additional work and then invest with the right knowledge.

[kingvirtus09]

Starting Bitcoin investment with little capital will be very challenging mostly if that happens to be the major survival option of the investor. And in cases where the investor plans on using the proceed to solve their needs they might end up selling when the price have dropped just to settle the pressing need of that time.

As experienced investors are there measures that can be imbibed by new investors with little capital to help boast their capital. Some will want to mention patience which I will agree to but in situations where the money is needed to meet an emergency need how to you tackle such situations. Your formula might be a saving approach.

If you're new to the crypto market, it's a good idea to start with a little amount of funds in performing trading activity if you want to do short-term trading, even though there is danger. It's fine as long as you also study here, even if it's rudimentary.

because what matters is that you learn something by doing it. Just remember that if you are not generating a profit with your trading strategy, something is wrong, so modify your approach, and when you see that you are earning a profit, remember that manner and stick with it. All you have to do is keep investigating.

[slapper]

~snip~

Investing with idle money, excess money after spending on daily needs is always the right thing no matter where you invest. But I believe that not too many people do that, most people are investing money that they cannot afford to lose, because they are in too much of a hurry to get rich quickly. And that is also the reason why many people will sell early or have to cut losses if they need money urgently.

In addition to prioritizing the family's daily needs, I think a savings plan should also be a priority before we invest. Because as I said, there is no guarantee that our investment will bring returns as expected and in case we need money urgently if we do not have savings. We are forced to sell our investments reluctantly, so it is necessary to save some money.

I see what you're saying. A major aspect. Once you've taken care of everything else, investing with spare cash is the best course of action. It's the ideal method. That ought to be done by all. Yet they aren't. How come? because there are a lot of impatient people out there. Their goal is to become wealthy as soon as possible. Folks, that is not how it operates. In no way

Conserve! Let's discuss that. Savings is a must before considering investing. significant savings. It resembles having an emergency plan. Everyone also requires a backup plan. What will you do if your investments lose money and you have no savings? It's an impending catastrophe. Thus, prioritize your family's needs, put money aside, and only then consider investing. It isn't complicated science. It makes sense. It's also the best guidance you will ever receive. I promise you that

[flyingcarpet]

Starting Bitcoin investment with little capital will be very challenging mostly if that happens to be the major survival option of the investor. And in cases where the investor plans on using the proceed to solve their needs they might end up selling when the price have dropped just to settle the pressing need of that time.

As experienced investors are there measures that can be imbibed by new investors with little capital to help boast their capital. Some will want to mention patience which I will agree to but in situations where the money is needed to meet an emergency need how to you tackle such situations. Your formula might be a saving approach.

You need to earn a regular income. If you can earn a regular income, you can invest in bitcoin with the amount you increase from your money. In general, DCA is a good method for those in this situation.

Your investments can be used in emergencies, but it may be a wrong decision to see this as the first option or to consider selling your investments at the first opportunity if you cannot earn enough income. So it is best to create a good investment strategy and move on.

[KiaKia]

Starting Bitcoin investment with little capital will be very challenging mostly if that happens to be the major survival option of the investor. And in cases where the investor plans on using the proceed to solve their needs they might end up selling when the price have dropped just to settle the pressing need of that time.

As experienced investors are there measures that can be imbibed by new investors with little capital to help boast their capital. Some will want to mention patience which I will agree to but in situations where the money is needed to meet an emergency need how to you tackle such situations. Your formula might be a saving approach.

I have seen a lot of pressure when I started investing into Bitcoin, I had no job but I was able to buy some coins and gather some money through faucets and airdrops, this isn't impossible at the time but very challenging.

As someone who have past experience about getting exposed to Bitcoin without any actual source of income, I am now advising begginers to make sure they have a source of income at least before investing into Bitcoin.

If you can feed yourself comfortably that's when you will think about investing into Bitcoin or any other investment plans, the world is getting tougher per year, I was lucky in my own time because free source of making money in crypto space was still possible.

Now things have changes drastically, only those who are joining IDOs are making money now, airdrops now sucks so much, since Arbitrum days there isn't a better one till now.

[taufik123]

I have seen a lot of pressure when I started investing into Bitcoin, I had no job but I was able to buy some coins and gather some money through faucets and airdrops, this isn't impossible at the time but very challenging.
-snip-

Raising money through Faucet and airdrop?
Is it still earning today?

Because as far as I know Faucet gives very few rewards and it doesn't even deserve to be called a reward.
For airdrops, it depends on what airdrop you're participating in, but some airdrops just end up paying out coins that end up being worthless.
Airdrops with BTC or USDT payments are very rare for me.

Faucets and airdrops cannot be a source of funds when the rewards given are not optimal or even very small and take time to collect.
Especially if you don't have a job.
Airdrops that give some big rewards are usually Tesnet incentives, but that takes time and capital to do.

[doomloop]

The only thing i would recommend is patience and stability. These are the two most important things for someone new to Bitcoin. People get the idea that they will get rich after getting acquainted with Bitcoin and the crypto ecosystem, and they can buy and sell in a panic. Regular and periodic investment and patience will open the door to wealth. The DCA method is among the best methods. You can find a lot of topics about DCA in the forum.

But there is one important aspect here and that is your economic situation when investing in Bitcoin. If your only source of income is trading for a living, i'm sorry, you are on the wrong track. To accumulate and hold on to Bitcoin, you need to have a side income. If you have a job and you don't need Bitcoin while saving it, it makes sense. Otherwise, if you continue your life by exchanging the Bitcoins you have accumulated to meet your money needs, the savings you have made will not make sense.

Patience is needed for investing but even for a starter in trading because learning it is not easy. BTC is not stable but we are the ones who can adjust and we should be stable emotionally so that we won't end up selling too early.

We can use the idea of getting rich as motivation and not in a way that we will rush because it will only make us poor instead. Maybe there are skillful traders who rely only on trading as their primary source of income. It may work for them but not for all. They can use some of their income for investing in BTC as well and they may use some of their profit sometimes. I see nothing wrong with that. We don't invest in BTC for nothing anyway.

[Winterfrost]

And in cases where the investor plans on using the proceed to solve their needs they might end up selling when the price have dropped just to settle the pressing need of that time.

The money used for investing in Bitcoin should be different from the money used to maintain a standard of living. If you feel your income is not enough for you and when you use them to invest you will be broke then it is not advisable to start investing yet. Before thinking about allocating money for investment you should consider paying your bills, sorting all necessary things including food and little expenses even to the extend of keeping some money for your emergency fund.

As experienced investors are there measures that can be imbibed by new investors with little capital to help boast their capital. Some will want to mention patience which I will agree to but in situations where the money is needed to meet an emergency need how to you tackle such situations. Your formula might be a saving approach.

Yes there is a way to gradually accumulate Bitcoin with low amount and it is risk free and good for starters. The method is DCA. It is easy all you need to do is decide if you want to DCA weekly or monthly then you choose a specific percentage of your income and allocate that amount consistently for a period of time. The DCA method is slow to accumulate but it is the safest method because Bitcoin is highly volatile and other strategies can be affected by the volatility of Bitcoin.

[Oasisman]

Starting Bitcoin investment with little capital will be very challenging mostly if that happens to be the major survival option of the investor. And in cases where the investor plans on using the proceed to solve their needs they might end up selling when the price have dropped just to settle the pressing need of that time.

See, this is gonna be one of the major reason why you need to invest what you can afford to lose. We have to understand that the risks of lossing associated with bitcoin is not only when bitcoin magically lost it's value and never recovers.
Before you put your money in bitcoin you should always plan it out on how you're going to diversify your funds for your necessities, investments, savings/emergency funds.
Always remember that bitcoin investment is not an emergency funds because doesn't going to work due to it's high volatility nature.

As experienced investors are there measures that can be imbibed by new investors with little capital to help boast their capital. Some will want to mention patience which I will agree to but in situations where the money is needed to meet an emergency need how to you tackle such situations. Your formula might be a saving approach.

With little capital it's most likely you're gonna miss the dip if you're trying to save up a certain amount to put it in bitcoin in one piece. It's always advisable to DCA and of course do it during dips or even the sharpest dip if you can possibly find it.

[Altryist]

If your income is not enough to meet your main needs or when your income allocation does not include reserve funds then investing is not very appropriate, as you mentioned there is a big chance that you will sell the investment at a loss because of urgent needs, before increasing investment capital then fulfill it first, first the main needs and have the right reserve funds and start investing, if the current income is not sufficient for this then look for additional work and then invest with the right knowledge.

You can do all this in parallel, the most important thing is to maintain the correct proportions and not try to invest more into Bitcoin than you can afford. I have always been stimulated by the idea that when I start earning more, I will be able to save more and this money will bring me income.

When I was young, I really liked the idea of compound interest and passive income. Even in my youth I knew that I didn’t want to work for someone and I understood what I needed to do for this, although it took me more time to implement than I thought, but I nevertheless, I managed to achieve this and it’s all thanks to planning and competent financial management.

[Renampun]

Starting Bitcoin investment with little capital will be very challenging mostly if that happens to be the major survival option of the investor. And in cases where the investor plans on using the proceed to solve their needs they might end up selling when the price have dropped just to settle the pressing need of that time.

As experienced investors are there measures that can be imbibed by new investors with little capital to help boast their capital. Some will want to mention patience which I will agree to but in situations where the money is needed to meet an emergency need how to you tackle such situations. Your formula might be a saving approach.

That's why I continue to emphasize everyone to invest only with their cold money, so that when they are in an emergency, they have no intention of selling bitcoin or other investment assets that they currently have. For beginners, it's best to start learning basic tricks in the world of investment, it's very helpful. In addition, tricks such as DCA in Bitcoin investment will be very helpful for anyone (including beginners) in their long -term investment.

[Davian144]

I have been following the DCA strategy for Bitcoin for a while by saving what I can from my monthly income, and I only buy using the excess income I need. I do not insist on a fixed percentage, but rather a variable rate depending on income.

Actually, this is good enough for you to continue doing because by continuing to save based on your abilities through your own monthly income, you will never experience difficulties in your own life. Because you have never forced yourself to save more than you can just to carry out a strategy that is quite good, so now you may have felt a sense of victory for what you have done in the past.

People who have a family and monthly expenses should have priorities and not necessarily pressure themselves to buy Bitcoin at a fixed percentage every month.

However, it would be quite good if someone was able to buy Bitcoin with a fixed percentage every month even though what you do is also very good because in general, you never force yourself to buy Bitcoin beyond your means. Moreover, you are someone who cares more about the welfare of your own family, so you want to manage every income you get very well so that you can invest and save through Bitcoin every month.

[boty]

The money used for investing in Bitcoin should be different from the money used to maintain a standard of living. If you feel your income is not enough for you and when you use them to invest you will be broke then it is not advisable to start investing yet. Before thinking about allocating money for investment you should consider paying your bills, sorting all necessary things including food and little expenses even to the extend of keeping some money for your emergency fund.

It would be better before we decide to make an investment, we must first think about whether our needs have all been met and if not then we cannot make the investment we want. If we have been able to meet the needs we need and also have savings and idle money then we can decide to make the investment we want and also we have studied it well so that we don't make the wrong decision in investing so we don't experience losses in investing.

Yes there is a way to gradually accumulate Bitcoin with low amount and it is risk free and good for starters. The method is DCA. It is easy all you need to do is decide if you want to DCA weekly or monthly then you choose a specific percentage of your income and allocate that amount consistently for a period of time. The DCA method is slow to accumulate but it is the safest method because Bitcoin is highly volatile and other strategies can be affected by the volatility of Bitcoin.

I agree with you, using the DCA method in making investments is very good if we have a steady income. We can use part of the income we have to make investments and buy them consistently so that we can get a profit from the investments we make.

[0t3p0t]

I think you are not alone who are having a hard time and struggle in acquiring Bitcoin due to insufficient funds. What if you try to save signature campaign earnings for that purpose? But yeah on my part I experience the same and signature campaign earnings I have right now is not enough for me and my family's needs. Investing in Bitcoin is to be honest not my priority right now but I have plans in the future.

[Marvell1]

I think you are not alone who are having a hard time and struggle in acquiring Bitcoin due to insufficient funds. What if you try to save signature campaign earnings for that purpose? But yeah on my part I experience the same and signature campaign earnings I have right now is not enough for me and my family's needs. Investing in Bitcoin is to be honest not my priority right now but I have plans in the future.

If we talk about difficulties in life, there are even people who are so poor that they cannot have enough 3 meals a day, let alone invest. If you can still save and invest in bitcoin then you are still having a better life than many people. There will be no special formula for poor people to have money to invest in bitcoin other than working harder, working harder and saving more.

If the income from your signature campaign is not enough for you to cover your living expenses, why don't you find another job? Why do you keep depending on it and complaining that it's not enough for you? You should find a part-time job and combine it with the income from the signature campaign, I think your life will be better and you will have more money to invest. But it all depends on you, whether you want to do it or not.

[el kaka22]

I agree with DCA strategy idea because that is the most newbie friendly one. It allows people to have something that would benefit them and it is also easy to understand. If you do DCA then all you have to do is pick two options, either you buy when it goes down, or you buy once a month.

Both of them could be considered DCA method, and they are very simple, you do not have to actually do anything that is complicated and you are going to end up profiting if you hold long enough as well. That's the way to go, not going to be all that hard for anyone to get some money. You can be a newbie that started just recently and you would still do a great return from this as well. I understand that it looks scary but believe me, it is not.