Which amount of money is good for me to spend on DCA?

[WeThePe0ple]

I've entered the market at 35k euros, and I own 0.3 BTC right now.
I regret not entering earlier. My reasoning was that governments would eventually win the war against decentralised finance. I'm still not sure but I give BTC a chance.

Current financial situation:

About 55k euros left in savings, originally intended as a deposit to buy a house. Car is paid. It would make me 15k if I sell but I am hesitant about it.
That would require me to buy a new car for at least 300 euros/month of downpayment. This car will probably still last for 10 years (Toyota CHR, 4 years old)

I'm living for free at the moment. One year for now I consider paying cheap rent rather than taking an expensive mortgage.
I'm engaged and my fiancé has a job. I think I can save about a thousand euros per month.

My idea was to spend 100 euros/week on DCA. This is about the same amount of money I would pay off to a new car if I sell the old one now. I think I'll keep it. Is 100/week on DCA solid? If we do take a mortgage, that would put a lot of pressure on us and there would be no money left for DCA.

Also, do people generally DCA throughout bull markets or only when BTC is in a bear market?
I don't intend to sell my BTC. I don't know how much BTC is realistic to end up with by 2030 with this plan.
I guess it depends if the price of BTC will explode or not. But I keep hearing that we are entering an economic recession and it is unlikely that this will happen soon. Others say that BTC will 100x when large investors come in.

A few thoughts:

- I want to always keep 30k in savings, to live comfortably.
- We want to have kids. BTC holdings will hopefully one day allow them to live comfortably.
- Parents own 3 properties and I will inherit one of them. This makes me hesitant to take a mortgage now. I think that owning 1BTC will turn out to be a better investment in 2040 than owning a property. If I am wrong about this, I won't be in trouble.

[nakamura12]

Well, I am not an expert at that but if you are comfortable with that amount then why not do it. It's not about the amount of what you have spent per week but about the total amount of money that you will spent buying until you are going to do what you are planning. Right now, you have 0.3 BTC which is atleast around 12k Euros and if you spend 100/week then your total BTC will be different compared to buying BTC in bulk and if the time comes then you'll gain profit. I know you have that balance but you didn't explain how much you are going to spend.

[WeThePe0ple]

Well, I am not an expert at that but if you are comfortable with that amount then why not do it. It's not about the amount of what you have spent per week but about the total amount of money that you will spent buying until you are going to do what you are planning. Right now, you have 0.3 BTC which is atleast around 12k Euros and if you spend 100/week then your total BTC will be different compared to buying BTC in bulk and if the time comes then you'll gain profit. I know you have that balance but you didn't explain how much you are going to spend.

At 100 euros/week that would be 400/month or 5k per year. I intend to do this for 5 years, so about 25k.
Unless BTC goes through the roof so much that 400/month becomes insignificant.

I really hope to get a positive return on investment from this.
If BTC ends up being money of the future, I think DCA is a better financial choice than a mortgage or leaving money in the bank where it depreciates fast.

[alastantiger]

They say invest what you can afford to lose. If 100 euros/week is the money you can afford to lose per week then go ahead. I promise you that you will not have to wait until 2040 to get back your return on investment..2024 is the year and it is just in the next couple of days. In all of these, kindly learn to keep your Bitcoin safe so that you do not lose them because of a silly thing that was avoidable

[nakamura12]

At 100 euros/week that would be 400/month or 5k per year. I intend to do this for 5 years, so about 25k.
Unless BTC goes through the roof so much that 400/month becomes insignificant.

I really hope to get a positive return on investment from this.
If BTC ends up being money of the future, I think DCA is a better financial choice than a mortgage or leaving money in the bank where it depreciates fast.

It's not about the amount of money you are going to spend because if you bought BTC at the current price then the amount of BTC you will get is almost the same value as what you have spent (that's already deducted with the fee if there's a fee when buying BTC). Well, if the BTC goes through the roof then the 400 you spent within the month won't be the same value as before. If you bought BTC in one go, let's say you have 25k and bought BTC where it's price is at 25K per BTC FOR EXAMPLE then you will have 1 BTC but if you bought BTC at different price for 5 times like 25K per 1 BTC, 20k per BTC, 15k per BTC, 10k per BTC and 30k per BTC then you would have more than 1.something BTC unlike having only 1 BTC in one buy. If you can afford to spend 100/week then go ahead.

[nelson4lov]

~Snipped

A few thoughts:

- I want to always keep 30k in savings, to live comfortably.
- We want to have kids. BTC holdings will hopefully one day allow them to live comfortably.
- Parents own 3 properties and I will inherit one of them. This makes me hesitant to take a mortgage now. I think that owning 1BTC will turn out to be a better investment in 2040 than owning a property. If I am wrong about this, I won't be in trouble.

These are all great plans and it looks like you already have everything laid out nicely. Regarding the amount of money for DCA, : There is no "best" amount as it is largely dependent on your capital so it differs per user. Given the amount of £100 per week you mentioned, that's a pretty based amount. If you have more then you can increase it. Only you would know the suitable amount since it's your capital. What I would add is that you should be patient enough to time your DCA entries so when your buy-in price gets averaged out, it would leave you in a more better position.

Best bet would be to buy during dips - not before.

[_BlackStar]

Current financial situation:

About 55k euros left in savings, originally intended as a deposit to buy a house. Car is paid. It would make me 15k if I sell but I am hesitant about it.
That would require me to buy a new car for at least 300 euros/month of downpayment. This car will probably still last for 10 years (Toyota CHR, 4 years old)

I wonder why don't you take 50% of your total budget to invest in bitcoin now instead of buying a car?
Of course investing in bitcoin today is much better than buying something whose value will decrease over time. You can buy a car with cash after investing in bitcoin for some time and get returns - but of course you need to consider all the risk consequences.

This is definitely not financial advice - but the potential future price of bitcoin is much better than you doing a $100 per week DCA. If I were you, I would place 20% to 50% of my budget in bitcoin, while the rest would be used for emergency funds and other needs.

[WeThePe0ple]

I wonder why don't you take 50% of your total budget to invest in bitcoin now instead of buying a car?
Of course investing in bitcoin today is much better than buying something whose value will decrease over time. You can buy a car with cash after investing in bitcoin for some time and get returns - but of course you need to consider all the risk consequences.

Most investors recommend me not to invest more than 15% of my portfolio in one asset. I had 67k and put 12k into BTC last week.
I can go larger but I don't know if this is smart for various reasons:

1) All economists I know, say that we are heading into an economic depression and this is bearish for BTC. Most people tell me that there will be better times to invest. They tell me that the idea of BTC price explosion is now being sold, so that we buy at a high price. And that later on we could be scared into selling when the price comes down a lot. For example in an economic depression, or when the government goes after BTC holders.
2) Investing more than 15% of my portfolio may cause the bank to contact the tax office.
3) I still have to learn how to manage my wallet. I'm studying now about how to avoid risks. I take this very seriously

This is definitely not financial advice - but the potential future price of bitcoin is much better than you doing a $100 per week DCA. If I were you, I would place 20% to 50% of my budget in bitcoin, while the rest would be used for emergency funds and other needs.

I felt a lot of FOMO last week, just prior to buying.
I sleep better now because I have some exposure to BTC. If the price skyrockets, I'll profit from it. If the price comes down a lot at some point, I have an opportunity to buy more. Either way there is a positive side to it. But in both situations it is important that I keep enough savings to live comfortably.

Buying more now at 41k euros probably is not bad in the long run. But with the economic situation ahead I am not convinced that we'll never see the price get back under 25k. I think it' more likely the price will come down again at some point. I just invested last week in case I am wrong.

[tabas]

I've entered the market at 35k euros, and I own 0.3 BTC right now.
I regret not entering earlier. My reasoning was that governments would eventually win the war against decentralised finance. I'm still not sure but I give BTC a chance.

Mate, I know how it feels that you've missed buying early but you own 0.3BTC that's hell a lot already compared to the others that have been saying they'll DCA but still get little to few on their holdings.

Current financial situation:

About 55k euros left in savings, originally intended as a deposit to buy a house. Car is paid. It would make me 15k if I sell but I am hesitant about it.
That would require me to buy a new car for at least 300 euros/month of downpayment. This car will probably still last for 10 years (Toyota CHR, 4 years old)

I'm living for free at the moment. One year for now I consider paying cheap rent rather than taking an expensive mortgage.
I'm engaged and my fiancé has a job. I think I can save about a thousand euros per month.

My idea was to spend 100 euros/week on DCA. This is about the same amount of money I would pay off to a new car if I sell the old one now. I think I'll keep it. Is 100/week on DCA solid? If we do take a mortgage, that would put a lot of pressure on us and there would be no money left for DCA.

The essence of DCA is to invest whenever you're comfortable with. Not going to withstand with the financial situation that you're having. So if 100 euros/weekly is a free manner to you and you can do that without having any problems financially and won't affect your other expenses and obligations, that's more than enough.

Also, do people generally DCA throughout bull markets or only when BTC is in a bear market?
I don't intend to sell my BTC. I don't know how much BTC is realistic to end up with by 2030 with this plan.
I guess it depends if the price of BTC will explode or not. But I keep hearing that we are entering an economic recession and it is unlikely that this will happen soon. Others say that BTC will 100x when large investors come in.

Only time will tell what can happen in the future and most of the people that I know of DCAing anytime they're free to do so and when they have spare money ready to get into the market. Just as you, do it when you're fine and have nothing to worry with your money regardless of whether we're in bull or bear but much better if we're in a bear and you did your accumulation.

A few thoughts:

- I want to always keep 30k in savings, to live comfortably.
- We want to have kids. BTC holdings will hopefully one day allow them to live comfortably.
- Parents own 3 properties and I will inherit one of them. This makes me hesitant to take a mortgage now. I think that owning 1BTC will turn out to be a better investment in 2040 than owning a property. If I am wrong about this, I won't be in trouble.

IMHO, these sounds like good plans. And compared to the others that I have read with all their plans to invest in Bitcoin, they're coming from nothing so it's hard to advise on them. But with you, I think that all you need is confirmation with your plans because all of it seems gonna work for you and you do know yourself well and your capacity.

[Renampun]

Actually, the decision is completely in your hands, but if I were in my current position, I would buy Bitcoin 100 euros to 150 euros every week during the time limit I set, remember the DCA method is a method of buying Bitcoin at whatever price the Bitcoin is at, and don't put yourself in a difficult situation, but based on what you say, your income (you and your fiancé) is quite good so you can be sure that the DCA method you will use will run smoothly in the next few years (according to how many your target year)

[KingsDen]

Re: Which amount of money is good for me to spend on DCA?

Do you know the idea behind DCA?
The major idea behind DCA is not how much you invest in bitcoin but how consistent you are . Someone who is doing DCA weekly with $50 and is consistent is better than someone doing DCA $200/wk and is no where near consistency. The idea behind DCA is for you to be able to invest in bitcoin in a passive way whereby you won't feel the pressure of the investment. If you are doing DCA and still being scared of being broke or not have anything left after investment, I am sorry to announce to you that you are doing the wrong version of DCA.

[tranthidung]

I've entered the market at 35k euros, and I own 0.3 BTC right now.

First, it's my congratulation for you to accumulate 0.3 BTC. Because with it, you are belong to top of Bitcoin rich list.

You are one of Bitcoin investors who patiently accumulated bitcoin last three years as it shows in Bitcoin: Addresses with Balance > 0.1 BTC

I regret not entering earlier.

You are still an early bird, many people will join this market long after your entry time.

My idea was to spend 100 euros/week on DCA. This is about the same amount of money I would pay off to a new car if I sell the old one now. I think I'll keep it. Is 100/week on DCA solid?

$100 for weekly DCA is massive because you will spend $400 per month and $4,800 per year that is a huge money in many nation. Even you are living in a developed country, if you can do it, you already do better investment plan than many people.

Enter $100 and time (months) you want to DCA, and see how it can help your investment.

• https://dcabtc.com/
• https://costavg.com/

[merekamo]

I've entered the market at 35k euros, and I own 0.3 BTC right now.
I regret not entering earlier. My reasoning was that governments would eventually win the war against decentralised finance. I'm still not sure but I give BTC a chance.

Current financial situation:

About 55k euros left in savings, originally intended as a deposit to buy a house. Car is paid. It would make me 15k if I sell but I am hesitant about it.
That would require me to buy a new car for at least 300 euros/month of downpayment. This car will probably still last for 10 years (Toyota CHR, 4 years old)

I'm living for free at the moment. One year for now I consider paying cheap rent rather than taking an expensive mortgage.
I'm engaged and my fiancé has a job. I think I can save about a thousand euros per month.

My idea was to spend 100 euros/week on DCA. This is about the same amount of money I would pay off to a new car if I sell the old one now. I think I'll keep it. Is 100/week on DCA solid? If we do take a mortgage, that would put a lot of pressure on us and there would be no money left for DCA.

Also, do people generally DCA throughout bull markets or only when BTC is in a bear market?
I don't intend to sell my BTC. I don't know how much BTC is realistic to end up with by 2030 with this plan.
I guess it depends if the price of BTC will explode or not. But I keep hearing that we are entering an economic recession and it is unlikely that this will happen soon. Others say that BTC will 100x when large investors come in.

A few thoughts:

- I want to always keep 30k in savings, to live comfortably.
- We want to have kids. BTC holdings will hopefully one day allow them to live comfortably.
- Parents own 3 properties and I will inherit one of them. This makes me hesitant to take a mortgage now. I think that owning 1BTC will turn out to be a better investment in 2040 than owning a property. If I am wrong about this, I won't be in trouble.

Using DCA method, whether the market is bullish or bearish doesn't necessarily matter. what matters is consistent investing. Your plan to invest €100/week could be a solid one as DCA is a proven strategy. Maybe €30k savings is in line with financial prudence, I think. This is really necessary for unexpected expenses, emergencies, or other investment opportunities. If you believe potential, investing a portion of your savings could prove fruitful. But do remember, btc and other cryptos are highly volatile and thus come with risks. Try not just Bitcoin and housing could be beneficial for diversification. Consider a mix of cryptos, stocks, ETFs, bonds, etc.

[Chivas Regal]

I'm sorry to say that I've been out of the loop for many months now and don't know what a DCA is?

Having said that, unless you're planning to buy something, you should just be content to buy a small amount of crypto each week/month - what you can afford to loose (but enough to cover inbuilt transaction fees that might eat into those funds via ATM's etc).

Good luck and keep us updated.

[Yamifoud]

Invest only the amount that you can afford, nothing else. If you were comfortable spending $1000 then so be it, you don't need to force yourselves to spend more if you have fear inside. Investing matters on how much you can risk and you think that won't affect your finances because surpassing that level make you bother and are not able to make decision carefully which will lead to losing in the end. Do the thing that is best for you, not because people are telling you that this is what you must do. Think that it was your money, may the advice from others give you some ideas and investment insights but you must think it deeply.

[pawanjain]

- Parents own 3 properties and I will inherit one of them. This makes me hesitant to take a mortgage now. I think that owning 1BTC will turn out to be a better investment in 2040 than owning a property. If I am wrong about this, I won't be in trouble.

This single point is enough reason for you to avoid a property and start investing in bitcoin.
You already are going to inherit a property and so having another one might not make you as much profits as owning bitcoin.
That's my perspective but I think if you should diversify your investments and since you already have a property then owning bitcoin is your best bet.

[Viscore]

Re: Which amount of money is good for me to spend on DCA?

Do you know the idea behind DCA?
The major idea behind DCA is not how much you invest in bitcoin but how consistent you are . Someone who is doing DCA weekly with $50 and is consistent is better than someone doing DCA $200/wk and is no where near consistency. The idea behind DCA is for you to be able to invest in bitcoin in a passive way whereby you won't feel the pressure of the investment. If you are doing DCA and still being scared of being broke or not have anything left after investment, I am sorry to announce to you that you are doing the wrong version of DCA.

However, I believe OP may have quite understood about DCA but he is confused whether to do it at a bullish market or bearish market. Regardless of the season, it is important to do DCA so you can consistently place a purchase and increase the volume of your bitcoin portfolio faster. And my only advice is that, only invest an amount that you can afford to lose, an amount that is not intended to pay your bills or buy a house or car. Otherwise, once your investment did not work as planned, your life will also turn into mess.

I agree when you said that doing DCA is not on how much you invest but on how consistent you are. If you are quite hesitant about 100 euros per week, then adjust it lower than that as long as you can perform DCA in a consistent manner.

[Mr.right85]

How do you put a price on every ones pocket?
I think this is something you can’t average as there are levels to how much funds someone can acquire and be free about. Based on your research income class, you could define what amount might be okay with you for a periodic investment.
You just ensure your investing enough based on an expected outcome. You don’t expect to put so little within a time frame and be expecting explosive results in profit, it doesn’t work that way. Your capital is going to work in an undefined ratio to your profits.
So, you just ensure your putting in just about enough and be judicious in doing so.

[Fiatless]

If you plan to keep accumulating Bitcoin through DCA for a long period, I suggest that you do a proper budget to identify the most convenient amount you can invest monthly. You should always have enough money that is sufficient to take care of your needs and that of your family. You should also have an emergency fund that will help in taking care of unforeseen needs in the future. Most people sell off their holdings because they are zealous to invest and fail to keep sufficient funds that will sustain them as they wait for the investment to mature. If $100 is convenient for you, I suggest you stick to it and you can increase the amount gradually in the future if your income increases.

[jrrsparkles]

Well, I am not an expert at that but if you are comfortable with that amount then why not do it. It's not about the amount of what you have spent per week but about the total amount of money that you will spent buying until you are going to do what you are planning. Right now, you have 0.3 BTC which is atleast around 12k Euros and if you spend 100/week then your total BTC will be different compared to buying BTC in bulk and if the time comes then you'll gain profit. I know you have that balance but you didn't explain how much you are going to spend.

At 100 euros/week that would be 400/month or 5k per year. I intend to do this for 5 years, so about 25k.
Unless BTC goes through the roof so much that 400/month becomes insignificant.

I would think differently, and you said you have 55K in savings already which means you can go all in now like buy for 25K straight and wait for the next 5 years that is definitely a lot more returns than investing every week a 100 but still it is your decision and how much you are willing to risk.

By going all in still you will have 30K balance left with you and the 400 euros that you want to invest can be used on your other chores but I will not be buying a car right now and just keep the old one for as long as it runs then buy one for the downpayment.