My Bitcoin Investment Strategy Proposal for 2024

[m2017]

Option 1 Buy small amounts of $30 daily through 2024.

If you can assign $30 to accumulate BTC daily, I believe it will be better for your investment if you switch to weekly DCA.

If it was $300 and not $30, then you could buy bitcoin daily, but given such a modest amount, it makes more sense to do it once a week.

$30 daily ~ $210 weekly that is a good enough weekly investment capital.

Of course, a good weekly capital, because even participants in subscription campaigns on the forum receive more modest amounts than this.

By doing this weekly, you can afford to withdraw your BTC from exchange account after your purchase is completed.

Considering the current transaction fees, the daily option to buy and withdraw bitcoin seems crazy. Even weekly seems dubious. Maybe once every 1 month?

Also, exchangers have fixed tariffs for withdrawing bitcoin, and these are well overpriced.

Don't leave your coins on centralized exchanges for too long.

• Reminder: do not keep your money in online accounts
• Exchange graveyard. Hopefully it is enough to warn your about the risk.

Can buy not only on centralized exchanges, if that happens.

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[yazher]

Option 1 seems good but you need to have high courage when it comes to this kind of decision in life and you need to have some other means of job in order to support your essential needs daily too. The bottom line here is, that you need to trust yourself once you already made the right decision according to your own perception, and no matter what happens in the future, keep adding until we witness another great bull run caused by the new cycle of bitcoin halvings. But if you are aiming for even long term, then that is the better and it could be that you can gain more profits depending on how much you have spent from your investment.

[Essential10]

If you invest $30 a day in Bitcoin, it will be a very good method for you for the future. Investing in Bitcoin is a good decision for the future, as it has high earning potential. Investing regularly over time (such as $30 per day) through a technique known as dollar-cost averaging can help reduce some of the risk associated with market fluctuations. As we know, Dollar Cost Averaging (DCA) is a popular investment strategy. Bitcoin prices can be quite volatile on a daily basis, which can affect the overall cost of savings. You can convert it weekly instead of daily. Switching to a weekly DCA method can help reduce transaction costs and reduce the impact of short-term price fluctuations.

[criptoevangelista]

The best strategy is always to buy little by little, always a little per week and always the same amount in dollars, regardless of the price of bitcoin on the day.

What I did during 2022 was to migrate all my capital and financial reserves to bitcoin, I spent the whole year doing this, always slowly, because only then can you overcome volatility and use it to your own advantage.

[michellee]

I chose the first option by purchasing small amounts of $30 each day. But maybe you can do it every week so you don't miss a day buying Bitcoin. This can be adjusted to the funds you provide to buy Bitcoin.

The important thing is that you can buy Bitcoin regularly with the same amount of money, whether every day, week or month. You should pay attention to the saturation factor if you buy Bitcoin every day because you have to do the same thing every day. That's why I recommend you buy Bitcoin every week. Maybe the weekend is the time to buy the Bitcoin.

And if you do this for a year, you can still collect a lot of Bitcoin. And later in 2025, you can hope that Bitcoin's price will increase and it can make its ATH. That will provide benefits for you.

[0t3p0t]

In a previous post, I share how I have been struggling to HODL BTC long term: https://bitcointalk.org/index.php?topic=5479795.0. I received a lot of helpful insights that showed me that HODLING long term is possible without the attendant financial stress. One of the most common suggestions is a change in lifestyle. I was also encouraged by the story of the Chicken Man, the Bitcoiner who sold his big house and moved his family to live in a school bus. Not sure that I can do that. I really do not consider myself a lavish person since I never flew a first class. Nevertheless, I can skip coffee breaks to buy bitcoins. Here is my plan:

Option 1 Buy small amounts of $30 daily through 2024.

Option 2 Buy based on the price of Bitcoin at the time of purchase. Say $45 if Bitcoin was trading at $45,000 and $16 if it was trading at $16,000 that day.

Both are daily options. Which is better?

Considering the high fees right now I think it is better to buy monthly. What I mean is save those fiat you got daily and then buy at the end of the month to save fees. What you are trying to do is actually good but make it worth the money you have.