Are there members here who do monthly investment in bitcoin ?

[adultcrypto]

Are there members here who do monthly investment in bitcoin irrespective of current prices ? This approach can be really helpful for majority of people like salaried people who get fixed monthly income and can allocate some part of it to bitcoin investment.

There is a method of Bitcoin investment called Dollar Cost Average (DCA) that is used to invest in Bitcoin in a regular interval of time be it weekly or monthly. I have come to realize that majority of people who are building Bitcoin portfolio are using that method. It is suitable for those who have steady income that comes at regular interval of time like salary. Other income classes can also apply the DCA method to enjoy the benefits it offers such as giving you the leverage to invest little fraction of your income in a manner that it will not impact on your finances so heavily.

I started using the method when I learnt about it from this forum and it has helped me build my Bitcoin portfolio with my little income. Assuming I wanted to save the money to buy at once, I might not have even started.

[AVE5]

Oh yes there are. It's either they're buying the bitcoin with the application of using the DCA purchasing method to accumulate their bitcoins or it's as a matter of fact that they majorly depends their incomes on monthly basis and of which that's only when they could have the fund to invest on their bitcoin journey hence they can't afford to invest with a borrowed fund due to the fact that no one knows what the future holds in the crypto spheres.

[kryptqnick]

Are there members here who do monthly investment in bitcoin irrespective of current prices ? This approach can be really helpful for majority of people like salaried people who get fixed monthly income and can allocate some part of it to bitcoin investment.

It's a good approach to Bitcoin investment because you just stick to a schedule and don't worry about the right or wrong time to buy. However, some believe it's better to pause DCA during the bull market, considering that the price is growing. I don't know what makes more sense, to be honest. Now we're in a bull market. Last time, the price went roughly 3x above the former ATH, eventually even higher than that. But even during the bear market, it didn't go low enough for a pause in DCA for bull markets (or at least for early stages of bull markets) to make sense.
Consider this. The ATH was $20k in 2017, and after setting a new ATH point just above $20k, the price of Bitcoin stayed largely well over $20k throughout the bear market, with an exception of around $17k in November and December 2022. What I'm saying is $69k sounds like a high price, and it truly is high, but maybe the bear market will drive it to $65k or $60k which, by that point, will feel really low, but that's very close to the current price.

[Wapfika]

Are there members here who do monthly investment in bitcoin irrespective of current prices ? This approach can be really helpful for majority of people like salaried people who get fixed monthly income and can allocate some part of it to bitcoin investment.

I’m doing this before way back in the days when FTX crash while the general crypto market dragged down hard. I’m investing not in monthly basis but rather weekly  in addition to my initial weekly Bitcoin salary from campaigns. I’m confident that the current price that time is really low and it will surely recover in the future.

I’m not doing it anymore with the current price near ATH because I already have enough with my holdings. I’m there's still someone here that still accumulating despite high price specially those users that just recently start DCA when Blackrock ETF approved because this news makes the majority become bullish long term on Bitcoin.

[bitmover]

I think signature campaigns are somewhat a DCA strategy.  Most of them pays like 50-150 usd per week  which means like a weekly bitcoin investment.

Some members may also buy a little more from time to time. 

[Kelward]

Are there members here who do monthly investment in bitcoin irrespective of current prices ? This approach can be really helpful for majority of people like salaried people who get fixed monthly income and can allocate some part of it to bitcoin investment.

There you have it, every members echoing the same thing, and it's the undeniable truth, especially for average income earners, the best way to continuously accumulating Bitcoin and hodling it for a long term is through none other than DCA method. It's not easy for everyone to raise the money to buy 1 Bitcoin, at once, it's only buy making a budget for it from your income that you can diligently with discipline be able to continuously achieve the aim of progressive investment. This method is however not for people who don't have constant sources of income, or the unemployed.

[D ltr]

I think signature campaigns are somewhat a DCA strategy.  Most of them pays like 50-150 usd per week  which means like a weekly bitcoin investment.

Some members may also buy a little more from time to time. 

that's right and if we set aside 10$ every week from the bounty proceeds, I think that's good enough for each month,

[Zaguru12]

Are there members here who do monthly investment in bitcoin irrespective of current prices ? This approach can be really helpful for majority of people like salaried people who get fixed monthly income and can allocate some part of it to bitcoin investment.

Exactly, I think most of this forum users in bitcoin paid signature campaigns usually use this method. And the more reason why it is the most common DCA strategy is because of two things which is most people in government paid jobs earn in mostly salary than wages I think. And the other is the Monthly DCA helps to stretch the bitcoin price a bit than daily and weekly, That is there is much difference in price than this two although it can be wrong.

But for now I have stopped using DCA, because the price has touched ATH and the halving is in sight, so the choice is not to buy but to be prepared to sell at the target price, maybe 100K-150K.

It’s not a Problem still to DCA in bitcoin even if the price is increasing as long as long as you have price target. You will definitely be in profits until that price target. Now since your target is $100k plus, your investment from this current price can still be in a profit of 1.5x and more if the price target is higher which is a lot better

[dzungmobile]

It’s not a Problem still to DCA in bitcoin even if the price is increasing as long as long as you have price target. You will definitely be in profits until that price target. Now since your target is $100k plus, your investment from this current price can still be in a profit of 1.5x and more if the price target is higher which is a lot better

It is not problem if an investor is clearly about his target price and time to stay and time to exit the market. Like I afford to spend $5000 into Bitcoin and consider it as my saving for retirement next 20, 30 or 40 years, I less likely care what what will happen in this market cycle.

I can do this of I understand well about past market cycles and if I can afford to lose that $5,000 capital.

Bitcoin price history, ATHs and bottoms

[Zaguru12]

It is not problem if an investor is clearly about his target price and time to stay and time to exit the market. Like I afford to spend $5000 into Bitcoin and consider it as my saving for retirement next 20, 30 or 40 years, I less likely care what what will happen in this market cycle.

I can do this of I understand well about past market cycles and if I can afford to lose that $5,000 capital.

Yeah it’s actually great to have your own strategy and to stick with it not just to follow crowd. Just like you there are many that have not even a price target but also the amount of bitcoin they wish to hold and if they reach that target they just invest in other things.

The post I quote was about stopping DCA because the ATH has been smashed but the market is still rising and I was all about that DCA can still be possible in a bull run but have a target. Probably his strategy his to not buy any more after the past ATH but if he hasn’t reach the target amount of bitcoin they want then he can still DCA

[dzungmobile]

The post I quote was about stopping DCA because the ATH has been smashed but the market is still rising and I was all about that DCA can still be possible in a bull run but have a target. Probably his strategy his to not buy any more after the past ATH but if he hasn’t reach the target amount of bitcoin they want then he can still DCA

All Time High Prices are what make people feel exciting and FOMO but what will happen after ATHs.

Price will be pulled back, bull market will finish and gives a turn for bear market but the fundamental point for long time holders and investors is, Bitcoin makes its price, yearly lowest price, to be higher and higher with time, year by year.

The trend of Bitcoin yearly lowest price is strongly upwards. It means a lot, first about the upward trend, second it is about growth even we look at worst time, worst price each year.

[Nanga Parbat]

Are there members here who do monthly investment in bitcoin irrespective of current prices ? This approach can be really helpful for majority of people like salaried people who get fixed monthly income and can allocate some part of it to bitcoin investment.

The way you think is perfectly fine,
Investing a part of your income in Bitcoin is a good way but remember that it is for a long time.You will benefit by holding the investment in Bitcoin for the long term.It gives you earning potential over time and gives you an opportunity to avoid market fluctuations.  In the long run the price of Bitcoin is expected to go up.

[dothebeats]

There are a lot of us here who does DCA. It's a rather rudimentary strategy of investing but it works. You just have to make sure that you are strong-willed to be able to not give in to the temptation of selling when the prices are low. Bitcoin has always proven itself to appreciate in price as time goes on, and it is proving it to us now by reaching a new ATH. Even if you're working around a fix income, I think you can still allot a portion of that to bitcoin or other investments if you really wanted to, and that is perfectly fine.

[CHICO79]

Hi, can somebody explain this solution with earning bitcoins throught tis online chats. Thank :♧

[Outhue]

Are there members here who do monthly investment in bitcoin irrespective of current prices ? This approach can be really helpful for majority of people like salaried people who get fixed monthly income and can allocate some part of it to bitcoin investment.

It's the best investment strategy.

Since I make money anything of the week I don't even DCA every month but it's something I do mostly on every weekend, either for signature payouts or my fashion designer business, I am always dollar cost averaging into Bitcoin.

Now that Bitcoin is growing higher, I have reduced the DCA amount to 20% lesser than before and that's because the amount of Sats are very high already, profits can still be made right now though but not as good as buying Bitcoin in the 20s range.

The advantage of DCA is that you will be able to get some sats cheaper depending on the price you meet it after a week or a month, it's a nice investment strategy, I highly recommend this instead of using all your money to purchase Bitcoin at once.

[Dzwaafu11]

Are there members here who do monthly investment in bitcoin irrespective of current prices ? This approach can be really helpful for majority of people like salaried people who get fixed monthly income and can allocate some part of it to bitcoin investment.

This is the best way to acquire a lot of crypto investment because, when you are talking about investment, you will not only expect to invest in bitcoin. I am not saying that investing in bitcoin is not good, but when you invest in other potential alt coins, you will see that you achieved a lot of profit, and that is what all of us are after, but to do that, you must engage in effective research. That is why I emphasize potential alt coins because, without research, you will not know the alt coins that are not potential, and when you end up investing in such coins, you will just end up losing, which is not a nice start. And especially since we are discussing monthly investments, if the money you earn monthly will not be enough for your needs, you are not expected to do it; if not, you will end up disturbing yourself.

I think signature campaigns are somewhat a DCA strategy.  Most of them pays like 50-150 usd per week  which means like a weekly bitcoin investment.

Actually, many people who engage in signature campaigns do engage in this strategy, but I don't think they will be investing every week because some don't have any source of income unless this signature campaign, so when they say they will be investing weekly, they might end up making themselves in the stage of depression, which will not make sense at all. That is why you need to have a budget in any situation.

[Yatsan]

I do accumulate over the previous months that the price was still low everytime I have the chance to do so. I also have other token holdings but it is only Bitcoin wherein I'm most comfortable, but not too confident, because we all know its potential. Nothing's assured but it has proven its credibility over years. Right now, I took a pause from adding up my portfolio because a breakout or crash is on a 50-50 tendency. It is just my way of managing the risk in this industry but I do understand those who are still buying at this point, they might have a bigger risk appetite than mine, and that's good for them. Everyone's free to move with their investments in the first place. Just be sure to have all things planned and to not make any unnecessary decisions that could yield into an instant loss. Diversification is also advisable given that many coins are now in upward direction with a higher rate than with Bitcoin and other cryptos in the market. Just make jt a habit to set a stoploss to not be in regrets given how unpredictable this market could get during bullish season.

[swogerino]

Are there members here who do monthly investment in bitcoin irrespective of current prices ? This approach can be really helpful for majority of people like salaried people who get fixed monthly income and can allocate some part of it to bitcoin investment.

Eh how much I want to do this yet I end up in a casino having fun while losing money.I thought that investing in any chunk of Bitcoin and also having it stay with you it is a huge benefit for the people who can afford to do this monthly,people who are in a good job where I am right now but as they say God does not give you everything.

However I am taking this thread to the line and most likely starting early April I will try at least to add some like 100 dollars in Bitcoin every month or any other small cryptocurrency that has a potential for the upside,I am also mining as a side quest but my miner is a small one and only makes me 25 dollars monthly in cryptocurrency.

[Raflesia]

Of course there are those who do DCA approaches like that in fact there are many who do that here including me.

I personally still do DCA even though the price has stepped into a situation that is not even too unexpected like now that we have a new ATH.
This is a pretty good approach to investing especially when we are consistent in doing it.
We even always discuss DCA when a lot of new people ask about bitcoin and are preparing to buy or just ask about the comparison between trading and investment. So, its certain that we always mention DCA in every discussion.

This is not a new thing and indeed DCA like this is always recommended for those new people who are trying to invest in bitcoin and this you can also apply in your investment method if you are interested in being in bitcoin.

[Outhue]

Hi, can somebody explain this solution with earning bitcoins throught tis online chats. Thank :♧

You will end up getting scammed, there is no way to earn bitcoin through any online chat, if someone is messaging you through Telegram or Twitter, they are trying to scam you, block any strangers off your social media apps right now.

The stranger will pretend to be helpless, saying that you are the only one who can help them to get some Bitcoin off a platform, I guess this is the case, do not visit any links they drop you, they will use you and scam you in the end.

If you want to earn bitcoin you should get a job first, a paying job will open the door for you, start to buy Bitcoin with part of the money, and maybe one day when your bitcoin grows enough you can consider to start mining Bitcoin using a BTC asic miner.