Are there members here who do monthly investment in bitcoin ?

[kingvirtus09]

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.

As far as I can see, there are many communities in this forum that do dca in bitcoin; there are weekly and monthly, depending on when they have extra money for bitcoin that they will sell. Now, as for me personally, I can't do it right now.

Although other cryptocurrencies I do dca to be able to save it, although I'm not saying that I can't get profit from bitcoin, of course it's not like that. Yes,  I can get some profit from bitcoin; it's just that it won't be enough to achieve the desired goal if it happens.

[m2017]

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 category can include any of the signature campaign participants who receive rewards in bitcoin and don't sell immediately, but hold it further.

This approach is beneficial for everyone. Even if there is no fixed monthly income (and there is only temporary income), then the money that can be allocated for investment in bitcoin can be spent on the monthly purchase of btc, divided into parts. Well, you already know that this is Dollar Bitcoin Cost Averaging.

[uneng]

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.

Personally, I don't. I just prefer to earn in BTC through signature campaign and avoid spending it as much as possible, so I keep part of the earnings invested in BTC thinking on long term gains. Instead of buying Bitcoin, I just save it. Consequently I also save on fees, since it's very expensive to buy and cashout Bitcoin from exchanges. Some of them are charging abusive 50,000 satoshis fees, which in my opinion totally discourage small investors from doing DCA strategy and holding their funds in a safe personal wallet.

However, if you don't have the alternative of earning in BTC, your only chance is to buy it and pay the fees along the process... In the end it will be profitable, anyway, since Bitcoin is constantly gaining more value on long run, as we can see by watching the historical charts since the cryptocurrency was firstly launched 15 years ago. I would just be careful with withdrawal exchanges' taxes and the need of declaring how many BTC you own to your local regualtor, which is usually done yearly.

[Cookdata]

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.

You are trying to ask DCA aka dollar cost average, you can do it daily by following daily candle, weekly candle of even Monthly candle as you have asked. But the way you do it is very important as well as the timing. Now thag you ask, I want to believe you are a monthly earner, which means you depend on pay check, so if you want to do dollar cost average now, I'm not sure is the right time because right now Bitcoin is trading almost at the all time high and nobody knows exactly where the price will go next whether up or down.

If you are looking at the long perspective of Bitcoin as investment, then I will give you green flag to proceed, buy Bitcoin monthly and hold "if and if" you are not selling now. It would have been perfect if this was done se months back before this bill run begins, you would have rest of mind doing the month my stuff during the bear market to now.

[n0ne]

Unlike the market price, buying bitcoin for a specific amount weekly, monthly, or based on some calculated time interval is the right way to increase the bitcoin holdings in our portfolio. Not everyone is able to spend a specific amount regularly on buying bitcoin for long-term profit. In such a situation, it is advisable to buy with the amount one can allocate. Whether the amount is small or large is secondary; one should develop the mentality to save in terms of bitcoin.

[darkangel11]

I do it in a way because I get some money from my signature campaign every week and I don't turn that into cash, but use it to increase my bitcoin position, so that's in fact buying, regardless of the price.
IMO it doesn't really matter when you buy, all it does is increases the time where you reach RoI and start making profit on your investment. For a young person it's good either way because when you're in your 20s and expect to hold bitcoin for 10 years or more, it doesn't change the fact that they'll make a lot of money from this.

This is funny because every bull market I see these people asking about the same thing and they always think that it's late and the price is too high. We had these people at 1k, 10k, 20k, and so on.
Once bitcoin hits $100k people will say that it's too late, and then it will hit 150k... You guys are never making a profit because you wait it out for months and then when it finally continues in a bull market for a year, you FOMO in and buy the top.

[Asuspawer09]

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.

Dollar Cost Average is one of the cryptocurrency strategies that you could do on investing in Bitcoin or Cryptocurrency, I personally do it as well on my Bitcoin investment, investing every two weeks every time I get my salary so that I could have a piece of Bitcoin that I could save every time, it's mostly going to be a small amount of Bitcoin for sure but over time you could accumulate a huge amount of Bitcoin when I was just starting to accumulate in the past years it wasn't a huge amount at all, Then as times goes by and the price of Bitcoin continues to skyrocket as well, I could easily see my investment grow up to thousands of dollars worth of Bitcoin which is really great to see as an investor.

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.

Personally, I don't. I just prefer to earn in BTC through signature campaign and avoid spending it as much as possible, so I keep part of the earnings invested in BTC thinking on long term gains. Instead of buying Bitcoin, I just save it. Consequently I also save on fees, since it's very expensive to buy and cashout Bitcoin from exchanges. Some of them are charging abusive 50,000 satoshis fees, which in my opinion totally discourage small investors from doing DCA strategy and holding their funds in a safe personal wallet.

However, if you don't have the alternative of earning in BTC, your only chance is to buy it and pay the fees along the process... In the end it will be profitable, anyway, since Bitcoin is constantly gaining more value on long run, as we can see by watching the historical charts since the cryptocurrency was firstly launched 15 years ago. I would just be careful with withdrawal exchanges' taxes and the need of declaring how many BTC you own to your local regualtor, which is usually done yearly.

I have a few earnings through the signature campaign as well, and most of my earnings on signature campaigns go straight into my wallet, didn't really touch it and I just invested it for long-term investment. There are for sure some times when I need some kind of money at times, mostly half my earnings put fifty percent in my wallet, and withdraw the other half, especially at this moment when the market price of Bitcoin already reaches an all-time high, I might be a good thing but in my opinion, it's a good time to take some kind of profit or do some kind of cashout even though technically I wasn't selling my Bitcoin just not investing all of it because of the high market price, I need to lower the buying power incase the market pullback or have corrections.

[LogitechMouse]

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 for me, the best approach to investing in Bitcoin.

You can set it depending on your way of living. If you're a frugal person like me but at the same time, have a huge monthly salary then you can use a huge portion of your money investing or you can do it weekly. It will depend on you as the investor.

Well, as much as I want DCA since that's the strategy I'm using, there's a limit to it as well. Most of the time, we are hearing DCA in buying only, but we don't hear DCA in selling. Now that we are nearing the bull market, as much as possible, it would be better if you would adjust your strategy in buying Bitcoin thru DCA. If you will just continue regardless of what the price is, chances are, you might end up buying Bitcoin even though it's at its peak already and you might end up losing your money. Well, if you're a long-term holder of Bitcoin then it doesn't matter, but some only hold it for short to mid term. There's nothing with doing DCA, but consider the price as well, and decide whether it's still a good time to buy Bitcoin or not.

[famososMuertos]

As always, the jargon associated with the activity one is going to undertake must be known, and it is not that bitcoin, because it is technology, has advanced jargon, in fact it does, but let's say that with a basic reading, you start. e.g. what you mention is known as DCA.
Then, bitcoin is the main investment medium of this forum, and it would be quite strange for anyone, even if they do not use any technique, to not have some satoshis.

On the other hand, its title seems more like one of those questions that seeks to know the trust of a community, the reality is that bitcoin, regardless of the price it has, both downwards (which is the most liked) or as bullish, always have Bid/ask.

[livingfree]

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.

Sure there are a lot. And as we advise people to DCA, it should be applied to ourselves first. I've been consistently doing that but it's just best to do it without no one knowing it in real life.

Don't get it wrong when people think that it's too expensive to buy Bitcoin and it's not worth it to DCA, let them be because they think that's how they approach Bitcoin.

But if you've been into this market for so long and you are seeing that it's definitely worth it to hold it for a long time and by adding some more through DCA, it's totally going to make you happy when the time happens that you're about to sell them. Or, there will be point of your life that you don't want to sell it anymore upon looking at how the value grown over time.

[DaNNy001]

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 think this is probably the most used way or strategy of stacking Bitcoin and it's even the most discussed crypto investment method here in the community. Many people don't have the previlledge to buy Bitcoin at once with big funds so they use the DCA strategy to help them constantly buy Bitcoin no matter the price difference but it better and more advantageous when there is a dip in the price .

[GxSTxV]

It’s a good subject to bring in table as there many people or the majority are salaried workers who get paid on a monthly basis, with a fixed rate. Investing in Bitcoin has many strategies and ways depending on your income and spendings, this period specifically when bitcoin is going in a very bullish direction. Many investors are not stably investing in bitcoin depending on their salary, one of them is me, personally I invest whenever I get a chance not just when I get paid from my job.

If there is anyone who invest depending totally on his salary, in a very high chance I can say it’s a risky thing if he spend his income on that only, the best way is to have multiple incomes to not risk as much as a simple salary worker investing on monthly basis.

[Stalker22]

~
This is funny because every bull market I see these people asking about the same thing and they always think that it's late and the price is too high. We had these people at 1k, 10k, 20k, and so on.
Once bitcoin hits $100k people will say that it's too late, and then it will hit 150k... You guys are never making a profit because you wait it out for months and then when it finally continues in a bull market for a year, you FOMO in and buy the top.

Hey there, OG! (you are practically ancient in Bitcoin years!  )

You have a point!  It can definitely seem like the same folks keep missing the boat on Bitcoin.  Ive been there too! When I first learned about Bitcoin, it felt totally out of reach.  The price tag was just so dang high at that point and  felt like all the lucky dogs had already gotten filthy rich off it. 

But the thing is - I think it is normal to feel unsure or cautious about this stuff.  I sure did! Took me a while to wrap my head around it and quit dragging my feet.  Reminds me of those five stages of grief -  denial, anger, bargaining, depression, and finally the eureka! moment.   

So maybe it is not so much the same people repeating the same mistake over and over.  More so just new batches of curious cats stumbling onto Bitcoin and having similar hesitations before coming around.

I know I did!

[nurilham]

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.

Sure, there are some people who invest in Bitcoin monthly.
I've some friends who use some of their monthly income for Bitcoin investment. You are right, it will be very helpful for them because they can buy Bitcoin gradually and don't need to use huge money. In this way, they also can buy at several rates, so they can use the money for buying Bitcoin optimally. If they only use the money to buy Bitcoin at once in a certain time, they may not experience to buy Bitcoin at cheaper rates.

If there is anyone who invest depending totally on his salary, in a very high chance I can say it’s a risky thing if he spend his income on that only, the best way is to have multiple incomes to not risk as much as a simple salary worker investing on monthly basis.

There is no problem to use some of the money from monthly salary. But we must understand to use only few percentage of the salary, 5%-10% of the salary seems quite safety. Sure, it is very high risk to use big amount of money from the salary.

[The Cryptovator]

I remembered that I have seen a lot of threads here where they are investing in DCA strategies. Investing on a monthly basis should consider a DCA strategy. And it seems that strategy became pretty popular, especially when Bitcoin pumped hard. Because as Bitcoin prices rise, it becomes increasingly difficult to purchase large amounts. So those who are doing jobs can accumulate some bitcoin every month. So once a while, the amount will be decent when they hold on until they achieve their goal. 

[Issa56]

Are there members here who do monthly investment in bitcoin irrespective of current prices ?

What happen to the current price? Is anything wrong with it? If am opportune, then I will be investing in bitcoin daily, I don’t see anything bad in current bitcoin price, the price is just still kind of low, i know you are thinking maybe bitcoin price is already high, but just wait till when the bull run starts, then you will know that bitcoin price is low currently. But if you are investing in bitcoin, make sure you do your own research first, you don’t have to follow what people say, always do your analysis yourself, so that you won’t end up blaming people if things didn’t go as you plan.

[Hyphen(-)]

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.

Yes, some of us here are investing on Bitcoin weekly especially those that are in weekly payment signature campaigns.
The method is called DCA method which is the suitable method of investing in Bitcoin regardless of the market price and conditions, you can be able to buy Bitcoin with your allocated money weekly, if you are investing in Bitcoin using this method, you will accumulate a reasonable amount of Bitcoin in your wallet and you will profit from it when the price of Bitcoin goes up.

[nakamura12]

Yes there are people who have done it and it's called dca as others have explained. It is also been discussed many times if it's worth the time doing it or not if you are also looking for discussions like this if you are not sure if DCA is worth it. You can use different strategies if you want but since you mentioned DCA then are you planning on using that strategy?. If yes, then you should also ask them for tips and giw they do it since not all people have the same salary especially if the person you are asking for tips is from a different country.

[Asiska02]

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.

Yes of course, a lot of people here do that and that’s the most preferred and most advisable method people use to accumulate a lot of bitcoin in their holdings. Dollar Cost Averaging is a very suitable method for people that don’t have enough money to buy a lot of bitcoin at once but rather depend on their monthly income to buy some after taking some to spend for their monthly expenses. This method works for both the poor, rich and average class people. As it’s more suitable for people with lesser financial means to use this method, the rich ones also have a big advantage to add this to their means of accumulating bitcoin which will give them a better chance to own a lot of bitcoin at the end of their accumulation phase.

Monthly investments helps to secure your income but before you sink you into you must understand the volatility level of bitcoin so that you won't land yourself regretting putting your salary into bitcoin and now you end up gaining nothing.

Bitcoin volatility is a must and for anyone that have decided to DCA bitcoin when accumulating them, they should be aware that they’re doing it for the long term and not for short term purpose. Utilizing it for the short term purpose can make one to lose as a result of the volatility nature of it. When invested in them for the long term, the bull season always comes in to make all of your patience in the investment worthwhile as it comes with a one directional trend in the market which makes all investors profitable at that time. So investors that depend on salaries for investment should have the mindset of investing for the long term and not the short term, and also should not invest money they decide to use for short term purpose because they won’t stand to benefit from such investment.

[Assface16678]

Actually, not every month, but every chance I have, I'm doing DCA with bitcoin, so whenever I have extra money or allocated money to invest from my stable salary, I enter the bitcoin market, or, yeah, do DCA. When I saw a good position to enter the market, I would invest and buy a fraction of bitcoin in that. I don't do it monthly because I will miss the chances every time there is one or weekly, so whenever I have funds and whenever I see a good opportunity, I'm sure I'm not the only one; there are a lot of investors there who invest whenever they see a good opportunity to do so. Who doesn't want to make a profit? So don't miss a chance or opportunity, but of course, if you really don't have funds to invest, then you don't have to push it, but if it's a sure-profit or a very sure-profit opportunity, then you could take the risk of borrowing from others.