Bitcoin Investing - DCA

[Bartello]

Hi All,

I currently have between £300 - £400 left over each week from my salary in which i have been transferring in to a savings account with 4.75% interest, but recently i began to invest small weekly amounts into the popular alt coins (£50-£100) as i'm a fairly risk averse person by nature. I have recently sold those coins in my portfolio at break even or at best with small gains and re-invested the money into BTC & ETH.

My plan moving forward is to use £150 of the money available to me to purchase BTC & ETH every week with the long game in mind, but was looking for advice really on how i should split the money % wise between the two assets? 50 / 50?

i currently hold 0.096* ETH & 0.0057* BTC and have been seriously considering investing more but not sure if the amounts i have available make this worth while?

[Pocketchange]

I would always invest more in what I understand.

[Dump3er]

There is a variety of posts written and a website shared by JayJuanGee that I would like to refer you to and recommend to you to take the time and read them. Those are valuable insights and he takes the time to break it down comprehensibly.

JJG’s Outline of Bitcoin Investment Ideas

In this post you will find an interesting link where you can do some calculations regarding DCA. It's a nice tool to get an understanding of the effects that DCA can have on the development of your investment.

JJG has lots of posts about this topic, but I can't dig them all up now. Check out his post history and you will find some good educational content.

[Husires]

Buy now with all the money you have that you do not need instead of investing in altcoin, waiting for it to pump and trying to buy Bitcoin. The price may currently be high, but it will inevitably be much lower than what the price will be in the coming months, so investing now in Bitcoin may not be a high-risk investment. Compared to 4.75% interest

[Bartello]

Buy now with all the money you have that you do not need instead of investing in altcoin, waiting for it to pump and trying to buy Bitcoin. The price may currently be high, but it will inevitably be much lower than what the price will be in the coming months, so investing now in Bitcoin may not be a high-risk investment. Compared to 4.75% interest

Thanks for the reply - in your opinion would it be beneficial for me to split between the two coins or just invest 100% of the spare funds into BTC? i'm a newbie obviously but from what i have read so far it can't be too bad of an idea?

[salad daging]

Thanks for the reply - in your opinion would it be beneficial for me to split between the two coins or just invest 100% of the spare funds into BTC? i'm a newbie obviously but from what i have read so far it can't be too bad of an idea?

If my advice is better to switch 100% to bitcoin it is much better than altcoins and just hold ETH at this time in the future to focus more on bitcoin, because the majority of people investing in the DCA way is with bitcoin.

That bitcoin has a better potential to increase many times than altcoins, imagine if you start DCA from now on with the large amount above, then you will collect more bitcoin while many people predict after halving it will immediately go to the price of $100K, it is very likely not because the previous ATH was $69K and most likely the next ATH is more than $100K.

[Dump3er]

Buy now with all the money you have that you do not need instead of investing in altcoin, waiting for it to pump and trying to buy Bitcoin. The price may currently be high, but it will inevitably be much lower than what the price will be in the coming months, so investing now in Bitcoin may not be a high-risk investment. Compared to 4.75% interest

Thanks for the reply - in your opinion would it be beneficial for me to split between the two coins or just invest 100% of the spare funds into BTC? i'm a newbie obviously but from what i have read so far it can't be too bad of an idea?

If I may chime in here, but please keep in mind that this is no investment advice and it also has to do with taste to some degree? I personally would prefer Bitcoin over Ethereum for several reasons, but my conviction doesn't mean that Ethereum can't outperform Bitcoin over a certain time window. This means when you only look at price, the worst pump and dump around here could be the right place for you... But if you want the most promising crypto asset in terms of societal impact, my strong believe is that you want to hold the vast majority of your crypto portfolio in Bitcoin.

I am not a maximalist, but in regards to my portfolio I am quite close to it. But if someone likes to play around with some other cryptos, don't go and waste your money on the worthless penny stocks because you get fooled by the hope that the green candles may one day look like those of Bitcoin's long term graph. 99.9% of them won't.

[Mate2237]

Op you are an alt account because a newbie in the forum will not know so much on the way you do even though the person knows what is Bitcoin and investing in it. And secondly, you can't invest in Bitcoin with £150 every week. Aba, you can only invest with that amount every week if you are a business man and not a salary earner. And as a salary earner you don't have a left over in any day. As the inflation is rising every day and night your salary will not even enough to meet up the demand of the market products and this your thread is an obvious lie.

Even though the story is fabricated, if you want to invest in any of the two coins mentioned by you, you can invest in Bitcoin. But don't lie again and go and sin no more.

[Bartello]

Thanks for the reply - in your opinion would it be beneficial for me to split between the two coins or just invest 100% of the spare funds into BTC? i'm a newbie obviously but from what i have read so far it can't be too bad of an idea?

If my advice is better to switch 100% to bitcoin it is much better than altcoins and just hold ETH at this time in the future to focus more on bitcoin, because the majority of people investing in the DCA way is with bitcoin.

That bitcoin has a better potential to increase many times than altcoins, imagine if you start DCA from now on with the large amount above, then you will collect more bitcoin while many people predict after halving it will immediately go to the price of $100K, it is very likely not because the previous ATH was $69K and most likely the next ATH is more than $100K.

I just realised i made a mistake in my OP and i hold 0.09* ETH  

I will for sure put your advice into serious consideration - Would it be worth even holding on to the ETH do you think? or selling and putting back into BTC? i thought that spreading the money over the two coins would be a decent compared to my origional strat..

Op you are an alt account because a newbie in the forum will not know so much on the way you do even though the person knows what is Bitcoin and investing in it. And secondly, you can't invest in Bitcoin with £150 every week. Aba, you can only invest with that amount every week if you are a business man and not a salary earner. And as a salary earner you don't have a left over in any day. As the inflation is rising every day and night your salary will not even enough to meet up the demand of the market products and this your thread is an obvious lie.

Even though the story is fabricated, if you want to invest in any of the two coins mentioned by you, you can invest in Bitcoin. But don't lie again and go and sin no more.

My knowledge is limited to reading news sites and stuff on trading view/coinmarketcap etc and i've only started invested since like October of this year. I have very little outgoings and my take home is £600-£670 p/week so i'm far from being a baller!

[Rikafip]

Thanks for the reply - in your opinion would it be beneficial for me to split between the two coins or just invest 100% of the spare funds into BTC? i'm a newbie obviously but from what i have read so far it can't be too bad of an idea?

Its all about whether you want to play safe or more risky. Altcoins suchs as ETH might have shorter period of times where they pump more than bitcoin, but in the long run bitcoin always outperforms them.

For a newbie such as yourself who probably won't know when to sell altcoin, imho going all in bitcoin is the right way to go and since you plan to be into this for a longer period of time (since you are doing DCA) I suggest to get a hardware asap. 

[red4slash]

My plan moving forward is to use £150 of the money available to me to purchase BTC & ETH every week with the long game in mind, but was looking for advice really on how i should split the money % wise between the two assets? 50 / 50?

i currently hold 0.096* ETH & 0.0057* BTC and have been seriously considering investing more but not sure if the amounts i have available make this worth while?

If that is your choice then do it because you must have done research on the coin you want to invest in but if you want to listen to other people's opinions then I would suggest focusing more on bitcoin.
Not that we can't be in altcoins like ETH that you are currently holding but I think it would be great if in the end your focus is only on bitcoin.
There are several things that can be the reason such as a slightly smaller risk and a situation where you can still be sure for bitcoin in the next few years.
But if you really want to do both then I can't say anything and do what you want.

[Bartello]

Buy now with all the money you have that you do not need instead of investing in altcoin, waiting for it to pump and trying to buy Bitcoin. The price may currently be high, but it will inevitably be much lower than what the price will be in the coming months, so investing now in Bitcoin may not be a high-risk investment. Compared to 4.75% interest

Thanks for the reply - in your opinion would it be beneficial for me to split between the two coins or just invest 100% of the spare funds into BTC? i'm a newbie obviously but from what i have read so far it can't be too bad of an idea?

If I may chime in here, but please keep in mind that this is no investment advice and it also has to do with taste to some degree? I personally would prefer Bitcoin over Ethereum for several reasons, but my conviction doesn't mean that Ethereum can't outperform Bitcoin over a certain time window. This means when you only look at price, the worst pump and dump around here could be the right place for you... But if you want the most promising crypto asset in terms of societal impact, my strong believe is that you want to hold the vast majority of your crypto portfolio in Bitcoin.

I am not a maximalist, but in regards to my portfolio I am quite close to it. But if someone likes to play around with some other cryptos, don't go and waste your money on the worthless penny stocks because you get fooled by the hope that the green candles may one day look like those of Bitcoin's long term graph. 99.9% of them won't.

Thanks for your input - i wouldn't ever follow someones advice blindly, but would certainly take each and everyone's input into consideration. I have got some food for thought from this OP and i'm sure the advice i've read will be beneficial to me in the long run.

I totally agree ref the candles - i read a lot of new sites with those click bait type articles and to be frank got tired of the nonsense and false hope so just want to be able to assign a certain % of my salary to a solid asset without the rollcoaster journey along the way.

[stomachgrowls]

Hi All,

I currently have between £300 - £400 left over each week from my salary in which i have been transferring in to a savings account with 4.75% interest, but recently i began to invest small weekly amounts into the popular alt coins (£50-£100) as i'm a fairly risk averse person by nature. I have recently sold those coins in my portfolio at break even or at best with small gains and re-invested the money into BTC & ETH.

My plan moving forward is to use £150 of the money available to me to purchase BTC & ETH every week with the long game in mind, but was looking for advice really on how i should split the money % wise between the two assets? 50 / 50?

i currently hold 0.096* ETH & 0.0057* BTC and have been seriously considering investing more but not sure if the amounts i have available make this worth while?

Totally depends on your own preference. If you do like on having both BTC and ETH with having that 50/50 split on the time that you do buy then it would be your choice and since you are really that aiming for long term
then it wont really be that much of an issue on what price you would really be purchasing into because you are planning to hold it for long term and this is one of the pros when you are going into that path
comparing into those people who do make out some or look for some good price entry just because they do some short trading and would really be that careful in speaking about their price or buy entry.

Just continue on what you are doing and as long you are investing on the money that you are allocating into it then it should really be just fine and as long you are aware about the involved risks then go ahead.
When it comes to % gains then it is really that just more better rather than on storing these amounts in a bank which we know that it do really only give less but
when it comes to assurance and security then we do know on which does have the better edge.

[highlyexcite]

Hi All,

I currently have between £300 - £400 left over each week from my salary in which i have been transferring in to a savings account with 4.75% interest, but recently i began to invest small weekly amounts into the popular alt coins (£50-£100) as i'm a fairly risk averse person by nature. I have recently sold those coins in my portfolio at break even or at best with small gains and re-invested the money into BTC & ETH.

My plan moving forward is to use £150 of the money available to me to purchase BTC & ETH every week with the long game in mind, but was looking for advice really on how i should split the money % wise between the two assets? 50 / 50?

i currently hold 0.096* ETH & 0.0057* BTC and have been seriously considering investing more but not sure if the amounts i have available make this worth while?

Investing in cryptocurrencies can be both exciting and challenging. It's good that you're considering a long-term approach and diversifying your holdings. When deciding how to split your investments between Bitcoin (BTC) and Ethereum (ETH), there are a few factors to consider:
1. Risk Tolerance
2. Diversification
3. Market Conditions
4. Research and News
5. Long-Term Goals
6. Portfolio Size
7. Cost Averaging
8. Transaction Costs
9. Future Additions
10. Monitor and Adjust

Regularly review your portfolio and adjust your strategy based on changes in the market or your financial situation.
Given your current holdings, if you're leaning towards a balanced approach, a 50/50 split between Bitcoin and Ethereum is a reasonable starting point. However, always tailor your investment decisions to your personal preferences and financial goals. It's crucial to conduct thorough research and possibly consult with a financial advisor, especially in the dynamic and evolving world of cryptocurrency investing.

[Wiwo]

Buy now with all the money you have that you do not need instead of investing in altcoin, waiting for it to pump and trying to buy Bitcoin. The price may currently be high, but it will inevitably be much lower than what the price will be in the coming months, so investing now in Bitcoin may not be a high-risk investment. Compared to 4.75% interest

Perfectly said,  investing in Bitcoin is the best and least risky investment at this point,  much more effective than all the altcoins put together at most,  altcoins are nothing but gamble because there are no assurances in them and most times they are just a waste of time and money because most of them have ended up as lost or becoming worthless in the investors wallets,  so anyone who makes a good profit from altcoins investment is just lucky to have taken advantage at the peak of their price and as soon as they're done with the market rally their price will always slide back.

So for sure putting a large amount of your leftover funds in Bitcoin will be the best decision to take as an investor and also making sure to only invest a significant small amount of good altcoins also is good that is if you must invest in them at all.

[Dump3er]

snip

Thanks for your input - i wouldn't ever follow someones advice blindly, but would certainly take each and everyone's input into consideration. I have got some food for thought from this OP and i'm sure the advice i've read will be beneficial to me in the long run.

I totally agree ref the candles - i read a lot of new sites with those click bait type articles and to be frank got tired of the nonsense and false hope so just want to be able to assign a certain % of my salary to a solid asset without the rollcoaster journey along the way.

Don't get me wrong, I didn't recommend JJG's links and posts because I wanted to tell you that it would be good to follow his advice blindly. A lot of the things he has written is not like advice, it is more of an overview of different approaches and potential outcomes as can by yourself be calculated and understood on the website that allows you to choose your own inputs. It is not anyone's parameters, you can put in whatever you think reflects your personal situation best. That was my intention and yes, never follow anyone's advice blindly and make sure you educate yourself to not keep your own eyes closed forever while trying to invest

[salad daging]

If my advice is better to switch 100% to bitcoin it is much better than altcoins and just hold ETH at this time in the future to focus more on bitcoin, because the majority of people investing in the DCA way is with bitcoin.

That bitcoin has a better potential to increase many times than altcoins, imagine if you start DCA from now on with the large amount above, then you will collect more bitcoin while many people predict after halving it will immediately go to the price of $100K, it is very likely not because the previous ATH was $69K and most likely the next ATH is more than $100K.

I will for sure put your advice into serious consideration - Would it be worth even holding on to the ETH do you think? or selling and putting back into BTC? i thought that spreading the money over the two coins would be a decent compared to my origional strat..

But it's up to you to make the decision, it's just a suggestion but I'm not an expert financial advisor, so you can ignore my statement.

Yes it's still worth keeping ETH, but that's back to you, currently I don't have any altcoins except bitcoin in a hardware wallet for higher security storing there.

If you spread your money between two different coins then go ahead, but many people recommend bitcoin.

[Bartello]

Hi All,

I currently have between £300 - £400 left over each week from my salary in which i have been transferring in to a savings account with 4.75% interest, but recently i began to invest small weekly amounts into the popular alt coins (£50-£100) as i'm a fairly risk averse person by nature. I have recently sold those coins in my portfolio at break even or at best with small gains and re-invested the money into BTC & ETH.

My plan moving forward is to use £150 of the money available to me to purchase BTC & ETH every week with the long game in mind, but was looking for advice really on how i should split the money % wise between the two assets? 50 / 50?

i currently hold 0.096* ETH & 0.0057* BTC and have been seriously considering investing more but not sure if the amounts i have available make this worth while?

Totally depends on your own preference. If you do like on having both BTC and ETH with having that 50/50 split on the time that you do buy then it would be your choice and since you are really that aiming for long term
then it wont really be that much of an issue on what price you would really be purchasing into because you are planning to hold it for long term and this is one of the pros when you are going into that path
comparing into those people who do make out some or look for some good price entry just because they do some short trading and would really be that careful in speaking about their price or buy entry.

Just continue on what you are doing and as long you are investing on the money that you are allocating into it then it should really be just fine and as long you are aware about the involved risks then go ahead.
When it comes to % gains then it is really that just more better rather than on storing these amounts in a bank which we know that it do really only give less but
when it comes to assurance and security then we do know on which does have the better edge.

Thanks for the input. I'm in two minds on what to actually do now having read through the contrasting views. I can see valid points from all the suggestions and my knowledge is super limited which is why i have steered clear of the alt coins etc as i just don't have the knowledge to buy and sell at the correct times - i got a trial of trading view but that blew my mind so just read the ideas sections and this forum is amazing for content.

 i'm more interested in building something over time in addition to my regular savings and have considered commodities too which my bank offers, but maybe thats a venture for another time.

[Ryu_Ar1]

I recommend trying to learn risk management first because in the end this will also be very important.
Currently if we talk about investing in Crypto then bitcoin is the safest when compared to altcoins, therefore if you really want to make your investment a little more comfortable then bitcoin is the right choice even though the risk remains but in this case it can still be minimized in contrast to altcoins whose risk is definitely very large.
besides that I also suggest being in bitcoin like some people who previously suggested the same thing but all the tenrunya decisions are in your hands whether you are because it is the money you have and you can also judge which is best for you to do.

[Bartello]

snip

Thanks for your input - i wouldn't ever follow someones advice blindly, but would certainly take each and everyone's input into consideration. I have got some food for thought from this OP and i'm sure the advice i've read will be beneficial to me in the long run.

I totally agree ref the candles - i read a lot of new sites with those click bait type articles and to be frank got tired of the nonsense and false hope so just want to be able to assign a certain % of my salary to a solid asset without the rollcoaster journey along the way.

Don't get me wrong, I didn't recommend JJG's links and posts because I wanted to tell you that it would be good to follow his advice blindly. A lot of the things he has written is not like advice, it is more of an overview of different approaches and potential outcomes as can by yourself be calculated and understood on the website that allows you to choose your own inputs. It is not anyone's parameters, you can put in whatever you think reflects your personal situation best. That was my intention and yes, never follow anyone's advice blindly and make sure you educate yourself to not keep your own eyes closed forever while trying to invest

Thanks for the time you've taken to reply to me, i really do appreciate it.. yours and others posts have certainly given me some things to consider. Getting to grips with all of this has been super interesting for me albeit confusing at times lol.