Bitcoin Investing - DCA

[traderethereum]

For now, I will stick to using 70% of the money I have left over from my salary to purchase BTC and put 30% into bank savings to use if something unforeseen arises.

It is a good decision to use 70% of your remaining salary. But you have to recalculate before you actually use it so that there are no mistakes. Moreover, you still have to prepare some money for something unexpected.
Most people don't expect anything unexpected or they would use a lot of money to invest in bitcoin. They think they can make huge profits in the future.
It's true that they think like that, but they also have to estimate how much money they need to survive and meet their daily needs.
If you are ready with everything, including having allocated funds for each need, then you can use the money to invest in bitcoin.

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I say that it would do you better to just invest in bitcoin only, maximize the potential profit by buying more right now when the price is just starting to run hot with the anticipation of the bull run and with the halving still in the near future, best believe that you're going to be better off investing in bitcoin only. I'm not saying it's bad that you're investing in Ethereum but think about it, there's going to be an altcoin season after a bitcoin bull run anyway, it's wise to go for taking a profit at bitcoin first and then trying to get in Ethereum after.

Bitcoin can be beneficial if we put all amount in it because we will not be in trouble that by minimising its price we will see loss but we have a strong believe that whenever price downs then upward movement happen more stronger than previous. Choosing only bitcoin is free of risk but there are also some alternatives altcoin which can develop your capital well.

Sometimes Bitcoin price remains in the same position but altcoins develop more and more so if someone diversify investment then taking profit from any coin will be better for him while leave the remaining coin for longer term so in my opinion choosing different coins will be better.

Thanks for your reply - I can see the merits of diversification, but for a beginner such as myself I struggled to choose alts that added value / strength to my portfolio - I guess this was following the hype etc which damaged my profits, so I've decided that my strategy for the long term is to invest in BTC by making weekly purchases, but maybe somewhere down the line I may choose to reduce the % of BTC and purchase some alts - I've read that SOL and ETH could be wise choices?

For now, I will stick to using 70% of the money I have left over from my salary to purchase BTC and put 30% into bank savings to use if something unforeseen arises.

That's why it is advisable especially for newcomers to invest purely in Bitcoin to avoid the struggle that you are getting. Choosing other altcoins as an additional asset for your portfolio is not an easy task, you have many things to consider and do research from scratch as you still have no idea of what you're investing. But a little advice for you, spend even a little of your time researching so you can invest in other altcoins sooner or later if you are interested in it.

Your plan to invest only 70% of your salary and set aside 30% for future use is a good idea. Or maybe you might want to consider dividing your 70% salary into 4 and use the 1/4 every week to invest in Bitcoin. This way, you can have more potentital to buy Bitcoin at different price and can be more profitable in the long run.

[Jegileman]

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?

It won’t be a bad idea but if I was in your position, I would consider how much risk I will be willing to take when I invest in altcoins. No one said investing in altcoin is bad, it is just that they’re very risky investment that could make you lose hope in cryptocurrency when they don’t perform well as you’ve envisioned them to do. There are a lot of altcoin that have been doing well but that is not still an assurance to invest in them. Calculate the risk you’re willing to take into this investments before investing. If I were you I will split it 80-10, so that when I fail in the altcoin investment and don’t get the profit I expected, bitcoin investment can compensate for the loss.

[Bartello]

For now, I will stick to using 70% of the money I have left over from my salary to purchase BTC and put 30% into bank savings to use if something unforeseen arises.

It is a good decision to use 70% of your remaining salary. But you have to recalculate before you actually use it so that there are no mistakes. Moreover, you still have to prepare some money for something unexpected.
Most people don't expect anything unexpected or they would use a lot of money to invest in bitcoin. They think they can make huge profits in the future.
It's true that they think like that, but they also have to estimate how much money they need to survive and meet their daily needs.
If you are ready with everything, including having allocated funds for each need, then you can use the money to invest in bitcoin.

I have been putting 100% of what is left from my outgoings directly into a savings account for like 5 months, so I have a decent chunk saved at the moment and quite literally sit down each week and plug in the numbers into a spreadsheet I made to work out my budget for the following week (my take home varies depending on how many hours I work), so now I plan to split as above. My thinking behind this is that my BTC investment is for the long term, but my savings are for the mid-long term that I can withdraw from etc - It may be true that in the long term the % gained from BTC could surpass that of my bank savings, but I want to be disciplined with both and give myself options and not struggle day to day.

[Finestream]

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?

For me, you don't need to split your funds but invest all in into bitcoin most especially that we are heading into bitcoin halving, and it would be best if you have maximum investment for bitcoin than altcoins. Bitcoin will skyrocket in less time and will reach another all time high,  so just imagine how massive the profits you will gain when that time comes. Just invest into Ethereum when you have had profits already and when the market turns bearish.

That is only based on my own point of view. At the end of the day, your money, your rules, your own choice of investment.

[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?

It won’t be a bad idea but if I was in your position, I would consider how much risk I will be willing to take when I invest in altcoins. No one said investing in altcoin is bad, it is just that they’re very risky investment that could make you lose hope in cryptocurrency when they don’t perform well as you’ve envisioned them to do. There are a lot of altcoin that have been doing well but that is not still an assurance to invest in them. Calculate the risk you’re willing to take into this investments before investing. If I were you I will split it 80-10, so that when I fail in the altcoin investment and don’t get the profit I expected, bitcoin investment can compensate for the loss.

Thanks for your input - I do a fair bit of reading up on the alts and will likely invest a small % in the future, but I'd like to maximise the amount I invest in BTC to ensure I get a decent holding. I had ADA, XRP,XLM,DOGE,SHIB and a few others which totalled like £300 or so which I sold and purchased ETH (small gains).  I intended to invest weekly and split across my portfolio, but wasn't confident of the risk / reward etc..

[Stalker22]

Thanks for your input - I do a fair bit of reading up on the alts and will likely invest a small % in the future, but I'd like to maximise the amount I invest in BTC to ensure I get a decent holding. I had ADA, XRP,XLM,DOGE,SHIB and a few others which totalled like £300 or so which I sold and purchased ETH (small gains).  I intended to invest weekly and split across my portfolio, but wasn't confident of the risk / reward etc..

I would suggest putting all your extra money into Bitcoin.  Since you are new to crypto, the more well-known BTC is a safer starting point than less proven track record of some altcoins.  But like with any investment, be sure to do your own research and maybe start small.  No matter what you decide, only invest what you can afford to lose.  Crypto tends to be volatile so approach with caution until you better understand the risks and potential rewards.

[terrific]

Any amount that you DCA is worth it. Don't make it look like that you have nothing wherein fact that you are holding a good amount of ETH and BTC.
Think of the others that don't even started yet but they keep saying to DCA and they don't hold anything. No actions have been made and they're all there only for the words.

[uchegod-21]

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,

This weekly leftover is very huge and not even what people from my country earn monthly. I don't know when you started to be sending them to a savings account of 4.75% interest. Let us assume you started this year and assuming you were sending it into Bitcoin, you will definitely be on 100% plus profits.

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 actually do not have much to say here but I will remind you that bitcoin is the king. So, in your portfolio, give king the lion share and all will be fine.

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?

I can say that 0.0057 BTC is a way too small holding for someone that has leftover of over $300 weekly. Although, it is advised to invest what you can afford to lose, but in your own case, it seems you don't trust BTC.

[darkangel11]

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?

My advice is that you should forget about all the shitcoins. It's tempting when you see doge, xrp, eth or cardano pump but you have to realize that these are gambling bets. All of these coins are shitcoins that the team is constantly dumping on poor souls that buy them and these are all securities so it's a matter of time before they get fined by the SEC.

Hoskinson is a psycho with delusions of grandeur who likes to tell tales about special forces and such.
Buterin sold a lot of his personal ETH in the recent years dumping it all on investors.
Garlinghouse constantly sells XRP to pay fees and wages of his team and dogecoin was pumped and dumped by Musk in 2021.

Do you really want to put your money in these? Just get as much bitcoin as you can and you'll be safer.

[Ryu_Ar1]

For now, I will stick to using 70% of the money I have left over from my salary to purchase BTC and put 30% into bank savings to use if something unforeseen arises.

That can be a good thing but is the 100 percent total money that is not used so you put it in bitcoin for 70 percent and the rest you save in fiat? because in this case, it is important to know the actual number 100 percent that you say in this case is the total salary or the remaining deduction from the needs you use.
If it is indeed 70 percent of salary (overall) I think it is too big if indeed the plan is DCA because after all we know we all have the necessities of life and you have to plan this for your daily needs but if in the end this is just the rest of the needs you have as well as some other needs such as unexpected needs and others that are already unused then that total does not mean 70 percent but a few percent of the money you set aside.

[Distinctin]

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?

Ethereum is a perfect combination for bitcoin, but if you are still a beginner investor, always do the math and stick to bitcoin. Besides, bitcoin has higher potentials than ethereum, and with bitcoin halving that is getting near, it's more of a wise decision to invest all in with bitcoin, but still invest with caution. Always invest within your own risk.

Just invest in Ethereum later on if you have extra money the next time you purchase. Ethereum has also its good potentials, but it's undeniable that bitcoin has it more compared to the rest of altcoins.

[suzanne5223]

For now, I will stick to using 70% of the money I have left over from my salary to purchase BTC and put 30% into bank savings to use if something unforeseen arises.

That can be a good thing but is the 100 percent total money that is not used so you put it in bitcoin for 70 percent and the rest you save in fiat?

I think that's the situation because she never mentioned if anything about setting some fund for her expense till the arrival of the next salary which mean the 30% was her expense and other unforeseen situation till she receives another salary which is a pretty awesome idea. However, maintaining the strategy for the long term is always a drawback.

[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,

This weekly leftover is very huge and not even what people from my country earn monthly. I don't know when you started to be sending them to a savings account of 4.75% interest. Let us assume you started this year and assuming you were sending it into Bitcoin, you will definitely be on 100% plus profits.

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 actually do not have much to say here but I will remind you that bitcoin is the king. So, in your portfolio, give king the lion share and all will be fine.

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?

I can say that 0.0057 BTC is a way too small holding for someone that has leftover of over $300 weekly. Although, it is advised to invest what you can afford to lose, but in your own case, it seems you don't trust BTC.

Hi thanks for your reply.

My BTC amount was my starting point having sold the alt coins (i started purchasing £30 amounts of XRP mostly and it built up to £370 across my holdings). I could have invested way more but due to the nature and how up and down the stats were i didn't want to risk my money - i work 50+ hrs each week and not exactly a baller so £300 is a lot of money for me as i guess for most people here.

It's not like I don't trust BTC or anything like that, but the reason I don't invest more is that i want to be able to have money available should anything happen in life where I need it and I want my BTC investment to remain untouched for the long term and will remain disciplined enough to not touch them.

I must say that being new here, my experience has been nothing but amazing so far, and I really appreciate the time you all have taken to reply to my thread and wish you all the best for your investments.

Good iuck with your own investments.

[Ale88]

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 were you, I would do 75-80% BTC and 20-25% ETH, more or less those are the percentages. I read that some people would buy only bitcoin, and I understand that, but you also need to consider that at the current values it's easier for ETH to do a 5x rather than for bitcoin. It's just an example but during a bull run many altcoins have a better return than bitcoin, of course oftentimes it's not easy to buy the right ones, but I wouldn't worry about ETH.

[Bartello]

For now, I will stick to using 70% of the money I have left over from my salary to purchase BTC and put 30% into bank savings to use if something unforeseen arises.

That can be a good thing but is the 100 percent total money that is not used so you put it in bitcoin for 70 percent and the rest you save in fiat? because in this case, it is important to know the actual number 100 percent that you say in this case is the total salary or the remaining deduction from the needs you use.
If it is indeed 70 percent of salary (overall) I think it is too big if indeed the plan is DCA because after all we know we all have the necessities of life and you have to plan this for your daily needs but if in the end this is just the rest of the needs you have as well as some other needs such as unexpected needs and others that are already unused then that total does not mean 70 percent but a few percent of the money you set aside.

I stick to a budget sheet that I enter my incoming for each particular week with linked cells etc for Bills, food, essentials, treats and stuff like that and I make sure everything is covered and be generous with the figures. My old strat had 100% of whatever is left going directly to my bank savings, whereas now I use 70% of what's left over for BTC and the remaining 30% gets saved - but yes, I have made sure my life needs are met and have an amount saved where I feel comfortable and although if I lost it all overnight in BTC I would be disappointment It's money I have mentally detached myself from if that makes sense?

I have however made certain sacrifices / adjustments in that i've cut back on wasting money on purchases i don't really need and takeaways etc which now go into the pot for BTC.

[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 were you, I would do 75-80% BTC and 20-25% ETH, more or less those are the percentages. I read that some people would buy only bitcoin, and I understand that, but you also need to consider that at the current values it's easier for ETH to do a 5x rather than for bitcoin. It's just an example but during a bull run many altcoins have a better return than bitcoin, of course oftentimes it's not easy to buy the right ones, but I wouldn't worry about ETH.

That is something i'm certainly considering, but will build up my BTC for a couple of weeks I think before reducing the % slightly to accommodate the purchases of ETH. I just don't want to start purchasing other coins following the hype, as I did previously.

[bitzizzix]

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?

Many investors and most people are considering the choice of Bitcoin or Ethereum in the cryptocurrency market today, as both are the best coins and also the largest in terms of Capitalists in the industry. And it is also a coin that attracts more attention and analysis than other cryptos.
Actually Bitcoin and Ethereum are the best options for you, but if you want to do DCA, Bitcoin will be better in terms of profits, especially in the long run and I also recommend that you use money that you can afford to lose. And the DCA strategy is perfect for those who use extra money because it is the best way to accumulate in the long term, and you can also increase your purchases when you have a lot of extra money especially when the price of Bitcoin is down.

[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?

Many investors and most people are considering the choice of Bitcoin or Ethereum in the cryptocurrency market today, as both are the best coins and also the largest in terms of Capitalists in the industry. And it is also a coin that attracts more attention and analysis than other cryptos.
Actually Bitcoin and Ethereum are the best options for you, but if you want to do DCA, Bitcoin will be better in terms of profits, especially in the long run and I also recommend that you use money that you can afford to lose. And the DCA strategy is perfect for those who use extra money because it is the best way to accumulate in the long term, and you can also increase your purchases when you have a lot of extra money especially when the price of Bitcoin is down.

Thanks!

I have considered taking advantage if the price is down by using my savings and reducing future purchases to put that money back in to my savings, but i just want to make sure it's not because of FOMO / or being greedy etc

[gunhell16]

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?

It's a good thing you're doing dca in Bitcoin and ETH. It's sure that if you do it every week, your savings will grow a lot when the halving comes, and after the halving, it's a bull run for sure. Keep doing what you are doing. I hope I'm like you, who earns that amount.

But I hope you also see other cryptocurrencies that have potential, like ETH and Bitcoin, increase in the market and can also give you profit in the coming times, especially during the bull run.