Are there members here who do monthly investment in bitcoin ?

[South Park]

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.

That is a very popular strategy on the forum, and this is because it allows a person to accumulate a nice amount of bitcoin as long as they are constant on their efforts to buy bitcoin, however it is important to remember that this strategy performs really well if you can buy bitcoin once the bear market has already started, but if you do so at the end of the bull run, it may take you years before you can recover the money you have invested.

[btc78]

Honestly, I wish I could do that. That was initially the plan however I sure realized that I do not have enough money to put into bitcoin as of yet. There are things to pay like bills and food and others. So, in my perspective it became impossible to buy bitcoin monthly. What I did though was I tried to save up money and when I think it has reached enough that was the only time I would buy bitcoin. Of course keeping in mind the price of bitcoin before I make the transaction.

[Hypnosis00]

Honestly, I wish I could do that. That was initially the plan however I sure realized that I do not have enough money to put into bitcoin as of yet. There are things to pay like bills and food and others. So, in my perspective it became impossible to buy bitcoin monthly. What I did though was I tried to save up money and when I think it has reached enough that was the only time I would buy bitcoin. Of course keeping in mind the price of bitcoin before I make the transaction.

Don't force yourselves to invest big if you know that you can't afford to do it. Invest only when you, buying once in every 2 months is good enough at least we invest. By continuously doing this it will become big in a few years. Investing is not a contest and there is no rush, instead should be planned well and step by step. Take time doing this but never take it too seriously, it is just like we are saving our money but through investing in Bitcoin. As the days, months, and years passed by, it gave us a return.

[GigaBit]

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.

Many of the people who first know about Bitcoin do not know that Bitcoin can also be purchased on a monthly basis. The first reaction among them is that how can they purchase such an expensive coin? They don't have enough money to buy a bitcoin. But when they realize that there is an opportunity to buy Bitcoins on monthly and sometimes weekly basis if one wants, they definitely try their best to use that opportunity. I try to do DCA on a monthly basis at one point and converted it on a weekly basis after a while. I try my best to hold bitcoins. But this moment there are many people like me who try to realize their dreams through Bitcoin. I took my hold not for the short term but for the long term. I am now profitable from my investment but my intention is not to stop in this rang. Hopefully Bitcoin can reach another level in the next few years.

[Miles2006]

DCA strategy is one of the common strategy for accumulating bitcoin, it's obvious not everyone will have the money to purchase bitcoin using the lump sum strategy. I adopted this strategy and I'm still accumulating gradually and I believe this is the time people will accumulate bitcoin using the dca strategy due to the current price. Buying bitcoin weekly, monthly, with a fixed amount is still advisable, accumulating bitcoin depends on your source of income so there's no need pressuring yourself or extending your limit.

[Casdinyard]

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 personally do that since it's the most reliable way for people who work on deadend 9-5s to even get a chance at earning a substantial amount of money in the crypto industry, and it works even greater for people who are not on that salary bracket.

But you couldn't just invest willy-nilly every month and starve to death the rest of the week. What you gotta do is create a budget plan that works for your finances, to make sure that you only invest what you can afford to lose, from there, you would have to pick the best date that would work for your salary dates and you should be good to go by then. If you're someone who's earning at least 20k per year, I guess you could invest as little as 100 bucks per month on crypto on safest options like bitcoin and ethereum, and just let your thing play out from there. The hardest part about investing is planning how to start your investments, most people are paralyzed at this early in the stage but at the same time, soon as you get past that you should be good to go.

[Crypto Library]

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 for long term holding. And here you will find not only me but also many other members who like this way make a fixed amount of bitcoin adoption monthly for long term purposes. Basically called Dollar Cost Averaging Investment, Dollar Cost Averaging method is popular for its simplest and low risk investment. Moreover, an investor does not need a lot of knowledge to do this, only with some basic fundamental knowledge, this investment can be started and profit can also be made. I have adopted a strategy of holding $40/month in bitcoins and intend to hold these funds for at least 2 halving seasons.

[Barikui1]

Yes, there are members of this forum that does it, even me,  it's call dollar cost average, it's one of the best strategy in accumulating Bitcoin, because by doing so, by buying Bitcoin weekly or monthly, before you will know it, the amount of Bitcoin that will be in your possession will be really surprising, even to you as a person, another wonderful thing about the DCA accumulating strategy is that you can buy at any price range and still be profitable.

[headingnorth]

DCA or dollar cost averaging is the only effective way to make loads of money safely and easily with bitcoin.
Only idiots will try to trade or time the market because in the long run 99% of traders and timers end up losing money.

When it comes to investing in anything there are only two things you should follow: 1. DCA and 2. KISS
DCA is great because it follows the KISS principle which stands for Keep it Simple Stupid.

I should add a third which is 3. HODL or "holding on for dear life" which means having patience and investing for the long run so you will be richly rewarded in the end.
Traders and timers almost always lose money because they lack patience to invest and hold for the long run.

Bitcoin is not a get rich quick scheme. There is a big difference between trading and investing.

[BITCOIN4X]

There are 49,375 active users on bitcointalk who have logged in at least in the last 3 months (check here), so your question will probably be easy to answer if you think logically. It's reasonable to think that some users here have applied the DCA strategy to their regular investments in bitcoin regardless of budget, so there's no need to doubt it.

If that is your benchmark for investing, then maybe you still doubt Bitcoin's long-term potential. Bitcoin has even printed a new ATH before the halving, which is not a normal thing for bitcoin but it has happened in this period. A higher ATH will certainly be imagined by every investor and they will hope that it actually happens over time. Regular investments with DCA are good regardless of the price, so don't be afraid to take a chance.

[red4slash]

Honestly, I wish I could do that. That was initially the plan however I sure realized that I do not have enough money to put into bitcoin as of yet. There are things to pay like bills and food and others. So, in my perspective it became impossible to buy bitcoin monthly. What I did though was I tried to save up money and when I think it has reached enough that was the only time I would buy bitcoin. Of course keeping in mind the price of bitcoin before I make the transaction.

There is no need to force yourself because being in bitcoin is ultimately not a compulsion and a requirement if indeed we still cannot divide the finances we have and it is still quite difficult to buy it then there is no need to feel pessimistic about it because it does force the will also in the end it can be useless in the end. But in this case when we do not try to improve the economic situation that we have then I think it will also continue to happen because in the end the needs we have will never decrease and will even continue to grow so that by looking at the situation that occurs it would be better if indeed you rearrange every expense so that there is at least a little money that you can set aside.
The movement of bitcoin will never be predictable and the more you wait it could be that the price is getting bigger so instead of us just expecting wishful thinking, it's better if we start taking action early so we don't feel too late to be in bitcoin.

[Spaceman1000$]

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.

Of course there are many and in my opinion the members of this forum can be said to be the most active in implementing DCA, it could be every day, every week, or once a month. The most important thing is to ensure the source of income to implement DCA. 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.

The bitcoin DCA is veritable means of acquiring Bitcoin, hence you have a sustainable income to take you, at least for a six months period, because as we speak even as we've reached the ATH,  people are still buying regardless, even without using the DCA method, you can just start acquiring little by little in any capacity you know can. However I'm a bit surprised at your target of 100-150k. That's way too much of imagination bro, though anything can happen, but 150k looks unrealistic for me though.

[_BlackStar]

Honestly, I wish I could do that. That was initially the plan however I sure realized that I do not have enough money to put into bitcoin as of yet. There are things to pay like bills and food and others. So, in my perspective it became impossible to buy bitcoin monthly. What I did though was I tried to save up money and when I think it has reached enough that was the only time I would buy bitcoin. Of course keeping in mind the price of bitcoin before I make the transaction.

If you can't save $100 every month - then try get $50, if you struggle to do so then try saving $1 every day where you will save $30 in a month. Forcing yourself to save is good - it means you can control your spending each month for investments that can give you returns in the long term. It doesn't need to be as much as someone else's - but having an investment of your own hard work by saving on expenses is great.

[bitzizzix]

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 averaging or DCA is a strategy for small investors who may not have a large amount of money to invest at once. And this is most suitable for investors who only have a monthly income from a job or side job that supports being able to do it regularly, and do it periodically at a predetermined time at the right time when they have the money to buy it.
And it doesn't matter what the price of Bitcoin is when buying it, and this allows them to profit from potential price increases because Bitcoin is great for DCA, as the investment will become more profitable as the price increases.
So I think a lot of people buy Bitcoin every month or every few weeks on this forum even out there, depending on when they receive money from work or whatever to buy Bitcoin to make it on time.

[Myleschetty]

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 believe almost when cryptocurrency enthusiasts who understand the benefit of DCA invest either daily, weekly, or monthly in Bitcoin, and as you have said it's helpful because it's the major strategy that lets you invest while you're also able to perform well in other financial expenditures.

[Pi-network314159]

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.

Bitcoin is an evergreen investment that people invest on a regular basis despite the surge In price. People participate in DCA, lump sum and dip and hold. No matter how btc price is High, people will still invest. People who procrastinated about btc investment are still regretting it right now, because they didn't invest in btc earlier. The most amazing part is that the more people are afraid of investing in btc the more btc price keeps on increasing effortlessly.

[Su-asa]

If you want to buy bitcoin monthly it's woul be very easy because you will achieve a good bitcoin it you would continue buying Bitcoin monthly. You can keep buying Bitcoin with DCAing strategy monthly they way it's helps is making a decent portfolio which you can keep up, even if you get $150 monthly $50 van go into Bitcoin and the rest $100 can be for expenses and expenses.

[cryptoWODL]

If you want to buy bitcoin monthly it's woul be very easy because you will achieve a good bitcoin it you would continue buying Bitcoin monthly. You can keep buying Bitcoin with DCAing strategy monthly they way it's helps is making a decent portfolio which you can keep up,

Buying a fixed amount of Bitcoins monthly or weekly and holding it for investment is a simple strategy for everyone. This method is the Dollar Cost Averaging (DCA) method. Investing in this method may be easy for everyone but it may not be easy for everyone to keep investing in this method. An important point for those who want to invest in the dollar cost averaging (DCA) method is that they must have some source of income from which they can fund their needs. By investing in the dollar cost averaging (DCA) method if one is able to hold it for a long period of time their investment portfolio will gradually become richer.

even if you get $150 monthly $50 van go into Bitcoin and the rest $100 can be for expenses and expenses.

Maybe it can be a good decision if someone is able to earn $150 per month and from there he can spend $100 excluding his family expenses and deposit $50 in bitcoins. Although $50 is not a huge amount, it is possible to increase the amount of investment money if the income increases gradually.

[Bananington]

A monthly Bitcoin investment would also be known as DCA strategy of investment, because as the implies, it would require one to have and maintain the discipline to put aside or keep or HoDL for a long time and it is such saved up input that can be used to finance a project or fulfil a goal or attain an achievement.

Of course there are members here that DCA monthly or weekly or quarterly. It depends on how much one can afford to let go of, after major expenses, bills and other needs have been met.
There are also those like Michael Saylor of Microstrategy who can afford to invest $12k from profits made from a business, despite the current $71k price that BTC has pumped to.

[headingnorth]

If you are new to DCA then I would suggest starting off your DCA journey by using very small amounts even just $10 or $5 every week (day or month) whatever you feel comfortable with.

Then after a few times doing this when you see that your investment is actually making money then you can start putting in more and more so instead of $10 every week
you can start putting in $20 a week, then $30 a week, etc. But first you have to start very small to prove to yourself that it is working and making money for you.

The important thing is to completely ignore the price and stick to a regular buying schedule.
There may be times you are losing money (at least on paper) but that is very normal volatility so don't panic and sell when it happens or you will regret it later.

Nothing can go up forever in a straight line. Bitcoin is not a get rich quick scheme. Understand that there will be volatility but in the long run you will be making money!