Does the DCA strategy inspire newbies to invest?

[Loyang]

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It's better to not even talk about shitcoins here at all, this is a thread about investing in bitcoin using the DCA after all and how it can inspire newbies to invest, the more people keep using terms than can mislead these newbies the more the chances of them paying attention to shitcoins increase, better to use bitcoin when talking about bitcoin and cut down on non bitcoin investment related term in this thread.

This is the best advice out of all the best advice, because now everyone can see firsthand that all shitcoins have been hit relentlessly, making them worth ignoring from the start, and everyone should focus on just one: Bitcoin. On the other hand, there are also advantages for beginner investors if they dare to buy Bitcoin now, as the price has returned to its low point and is not too expensive for everyone to buy. Moreover, if beginner investors are willing to implement the DCA method now, it will certainly be very beneficial for themselves, especially for their long-term Bitcoin holdings.

Every time is a good time to buy Bitcoin. A person who thinks that the price of Bitcoin is too high may not be able to predict the demand for Bitcoin or the future price of Bitcoin or even if they can predict it, they are not hunting for it. Such a person always regrets not buying.

Bitcoin is still far from Satoshi Sir's goal. Because Satoshi Sir's goal was to completely decentralize financial management, but so far Bitcoin has not been able to reach Satoshi Sir's goal. When everyone starts accepting Bitcoin, then guess what the price of Bitcoin can be. Its current highest ATH seems very low to me, because I am thinking about what it can be in the future

[Taskford]

Shitcoin is not really something we should talk about because majority of it are scam and some of them once they Dip there's no rising anymore so people who are talking about shitcoin are people that want to take risk, lose money, trade etc. rolling with shitcoin can be seen as a waste because the chances or tendency of making something from it, is very low and some newbie went to purchase it because they lack knowledge to differentiate between shitcoin and Bitcoin.

New investors may believe that shitcoins will allow them to make a lot of money very quickly. In reality, they are often a one way ticket to losing your money. There may be a few exceptions, with some tokens increasing significantly in value, but that is very rare. The opportunity to get rich quickly is mostly an illusion that leads to losses. It is better to invest in Bitcoin and avoid taking unnecessary risks.

What most of those shitcoin sell is dream, they tried to give people a certain fantasy like they could get huge profit if they are going to invest in their token. That's why some of those scam altcoins use the name of Bitcoin, because they want people to think about a scenario that their shitcoin will also pump the same as what happen on Bitcoin if they hold it for many years.

But everything didn't end up well, since what happen are rug pulls and other things that cause them heavy financial damage.

That's why focusing on Bitcoin is really better, since there's no need for them to pay attention with other alts. Also this is the coin on which they could trust, since for many years it remain standing and continue to became more stronger also remain to be valuable.

[Halifat]

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It's better to not even talk about shitcoins here at all, this is a thread about investing in bitcoin using the DCA after all and how it can inspire newbies to invest, the more people keep using terms than can mislead these newbies the more the chances of them paying attention to shitcoins increase, better to use bitcoin when talking about bitcoin and cut down on non bitcoin investment related term in this thread.

This is the best advice out of all the best advice, because now everyone can see firsthand that all shitcoins have been hit relentlessly, making them worth ignoring from the start, and everyone should focus on just one: Bitcoin. On the other hand, there are also advantages for beginner investors if they dare to buy Bitcoin now, as the price has returned to its low point and is not too expensive for everyone to buy. Moreover, if beginner investors are willing to implement the DCA method now, it will certainly be very beneficial for themselves, especially for their long-term Bitcoin holdings.

Every time is a good time to buy Bitcoin. A person who thinks that the price of Bitcoin is too high may not be able to predict the demand for Bitcoin or the future price of Bitcoin or even if they can predict it, they are not hunting for it. Such a person always regrets not buying.

Bitcoin is still far from Satoshi Sir's goal. Because Satoshi Sir's goal was to completely decentralize financial management, but so far Bitcoin has not been able to reach Satoshi Sir's goal. When everyone starts accepting Bitcoin, then guess what the price of Bitcoin can be. Its current highest ATH seems very low to me, because I am thinking about what it can be in the future

I don't really know why some people are still procrastinating in Bitcoin investment, but by the way I don't call that investment because good investment is always a long term and those people that are procrastinating goal in mind instead they are after a short-term profit which I see as a very wrong move for them. They are strategy which someone can use to accumulate Bitcoin.

I've seen a clip that shows that bitcoin target will be in $1 million but despite that I still have strong believe that bitcoin will go far beyond that, because right now take a look at it's all time high and only only small percentage out of 100% have adopted it. Satoshi goal must be reach, with the way bitcoin is growing many people are come to realize that it is the best investment which anyone have to go into.

[Charcol]

If you want to gamble your funds for quick profit I will say try your luck with investing your money in shitcoins but if you want to invest your money in a cryptocurrency that is decentralized and has proven that it is not a scam you should look no further than Bitcoin.

With your statement, newcomers may consider Shitcoin as an acceptable alternative. And betting on Shitcoin is not only gambling, but in many cases it can be worse than gambling. Therefore, it is not right to keep Shitcoin in a "try your luck" type of place, even if it is for fun, especially in front of newcomers.

Calling Bitcoin a good "cryptocurrency" can sometimes confuse newcomers because we are only discussing Bitcoin here and not the entire crypto market.

Do your DCA strategy with money that you are comfortable to loose which should come out from your discretionary funds.

Discretionary funds do not mean money that can be thrown away or easily lost. Rather, money that can be left untouched for a long time after necessary expenses, debts, family, emergency funds, and cash flow are secured, may be the appropriate amount for Bitcoin accumulation.

[Big Dirams]

None of us can tell what the price of Bitcoin will be in the long term, but if you consider the beautiful history of Bitcoin, you will understand how much cheaper Bitcoin was in the past compared to the present. However, holding Bitcoin in the long term is a viable strategy and will see you become one of the beneficiaries,

We can’t predict the market price in the coming future but we have seen the potential of bitcoin and how resilient it is. Bitcoin investment is always a smart idea to me and for once I haven’t regret ever investing in bitcoin or think of it as a mistake, we might not know the future outcome of bitcoin but we have strong belief and trust in it that it will increase more than what we see now in price.
 And why did we think so of it, it because it given us the reason and features to believe in it and it shows values over time.

[Ruttoshi]

but we have strong belief and trust in it that it will increase more than what we see now in price.
 And why did we think so of it, it because it given us the reason and features to believe in it and it shows values over time.

In addition to what you said. The number of people that have adopted bitcoin in the world is still very small compared to the population of the world and bitcoin is still in her early stage which is one of the reasons why the price of Bitcoin will continue increasing overtime even though, it's not guaranteed.

From past records it shows that the odd of bitcoin price moving uptrend is higher than moving downtrend which is the reason why we advise no coiners to start their bitcoin investment the moment they have their discretionary income and have the mindset to invest in bitcoin. The market builds your confidence as you keep your bitcoin accumulation ongoing and that confidence gives trust from your experience in the market.

[LodBtcFast55]

Yea this can apply but not for a newbie and whoever that wants to borrow to invest in Bitcoin should do it having made provisions or plans available for the repayment and shouldn't put his hopes on his bitcon portfolio to repay the debt, first of all if an investor decides to borrow to invest in Bitcoin, such invest should be aware that he is dealing with a volatile asset that can increase and decrease unannounced and as a long-term investment, no one should add it to his or her loan repayment plan, every plan should be outside the investment itself, although it is not a good advice to borrow to invest in Bitcoin but in situation where everything is planned very well an put in place for a smooth repayment, it can be an option.

None of us can say for sure how much Bitcoin will rise in the future. Those who wait for the right time are wasting their time, knowing this makes investing through debt ineffective. It is important to continue investing more regularly to strengthen your portfolio. Although many experienced investors are investing at a price lower than the current price, due to the volatile nature of Bitcoin, debt will always keep you worried and if you cannot repay your debt, you may have to sell your holdings to cover the loss. So invest your money in sectors that generate a reasonable income.

[Sticky Bomb]

Yea this can apply but not for a newbie and whoever that wants to borrow to invest in Bitcoin should do it having made provisions or plans available for the repayment and shouldn't put his hopes on his bitcon portfolio to repay the debt, first of all if an investor decides to borrow to invest in Bitcoin, such invest should be aware that he is dealing with a volatile asset that can increase and decrease unannounced and as a long-term investment, no one should add it to his or her loan repayment plan, every plan should be outside the investment itself, although it is not a good advice to borrow to invest in Bitcoin but in situation where everything is planned very well an put in place for a smooth repayment, it can be an option.

None of us can say for sure how much Bitcoin will rise in the future. Those who wait for the right time are wasting their time, knowing this makes investing through debt ineffective. It is important to continue investing more regularly to strengthen your portfolio. Although many experienced investors are investing at a price lower than the current price, due to the volatile nature of Bitcoin, debt will always keep you worried and if you cannot repay your debt, you may have to sell your holdings to cover the loss. So invest your money in sectors that generate a reasonable income.

I would advise you to keep reading this thread and others on investing into Bitcoin since I've seen you in other places and I'm kind of convinced you're interested in Bitcoin investment discussions. However it makes absolutely no sense trying to contribute when you don't even know what valid points to contribute which makes your comments a lot off-point on a high margin. It pays to keep learning and observing and even practicing by investing into Bitcoin if you've discretionary income. I would advise you wait and understand very well what you want to contribute on before going ahead to throw in your ideas on Bitcoin investment.

[@nn@_pen9]

You are forgetting that the purpose of Bitcoin accumulation is not short-term easy money,but rather long-term accumulation,discipline, cash-flow management and discretionary income to build a sustainable portfolio. If investing is seen as an opportunity to make easy money,then it can quickly shift from an investor mindset to a trader or gambler mindset.

Another point is that the main strength of the DCA strategy is that it allows us to accumulate Bitcoin from discretionary income on a regular basis, without trying to time the market. If someone DCA $20 or $50 per week and has excess discretionary reserves during the dip, they can buy the excess. But it should be from a pre-planned reserve fund, not from emergency funds or necessary expenses. If you buy more just because the price has dropped and destroy your cash flow, you may be forced to panic sell later when the market drops further.

It is true what you said, in investing we must really adjust the income we get, don't force ourselves to invest all the funds we have, this will make us trapped, this kind of pattern is what beginners must avoid. The power or strategy for consistent investing is indeed accumulation. Without accumulation, your investments won't grow as they should or as you expect. And there's another key strength finding additional income. If you can find it, you'll have the freedom to buy much more than before.

[Tongley]

Shitcoins are centralized scams which are no different from casinos but casinos are better than shitcoins in the sense that they don't give you false hope of hitting the jackpot when you stake your money which is what the hypes of these shitcoins are about. Doing DCA strategy on these shitcoins is the biggest mistake that any newbies can make, I want to believe that experienced investors in the crypto market should know better.

If you want to gamble your funds for quick profit I will say try your luck with investing your money in shitcoins but if you want to invest your money in a cryptocurrency that is decentralized and has proven that it is not a scam you should look no further than Bitcoin. Do your DCA strategy with money that you are comfortable to loose which should come out from your discretionary funds.

I hope we are not talking about shitcoin and gambling in this topic, or failing to understand the difference between bitcoin and shitcoin. Your comment is completely focused on shitcoin, if a new person reads your comment then he may get attracted towards shitcoin and face loss by investing in fraudulent coins. We all understand that bitcoin is the only coin in which it is right to invest or should be invested and the subject of this topic is bitcoin. If any person tries to combine bitcoin and shitcoin then he is definitely mistaken or he is failing to differentiate between good and bad.

[Halifat]

None of us can tell what the price of Bitcoin will be in the long term, but if you consider the beautiful history of Bitcoin, you will understand how much cheaper Bitcoin was in the past compared to the present. However, holding Bitcoin in the long term is a viable strategy and will see you become one of the beneficiaries,

Yes we cannot predict the price of Bitcoin in the future but we can boldly say that it will increase the nearest future, because just as you mentioned, bitcoin is getting more value in each year that passes and not that alone bitcoin has been the only coin that has a lot of potential beyond other coins. Long-term investment is always the best thing for Bitcoin investment which is why there is strategy that will keep you company in the process, DCA is the best and suitable strategy when it comes to bitcoin investment.

[Obulis]

This is the most suitable time, and you can invest in any situation if you follow the DCA method. As a result of following the Bitcoin DCA method, if you start investing weekly and continue to purchase Bitcoin for the future, your deposit will be created along with your Bitcoin investment. As a result, you will be able to invest in Bitcoin in any way, following the DCA method will create savings on the purchase price. So if someone invests Bitcoin correctly and moves forward into the future by following the DCA method for a long time, that person will be able to grow his portfolio.

Dca is the best bitcoin strategy it requires no limitations to how many times you can invest in a day as you can invest as many time as you can using your discretionary income. DCA method is suitable for all kind of investors and it's very efficient and convenient for a long-term investment. It reduces stress of timing the market and mitigate the risk as you invest for the long-term but it doesn't offer any kind of guaranteed in the long term. DCA strategy is more effective to build a faster portfolio compared to the other two strategy. DCA is strategy is best effective also for newbies who want to grow their portfolio faster and reach their goals.

There is something in that bold sentence that i do not really get what you are trying to say in essence, are you saying someone can purchase Bitcoin multiple times a day? even though i will agree that the DCA method can actually make it possible but i do not consider this wise or good to purchase bitcoin multiple times a day even though it is coming from someone's discretionary income because it will be like someone that is trading and it is a pure practice of trading, most of the folks that trade enters multiple times a day just to make profit and most times they lost almost... if not everything especially those of them that are greed. in summary i do not buy the idea of buying multiple times a day.

Qhunman gave a total misinterpretation of DCA strategy. Saying that DCA strategy is the best Bitcoin investment strategy and going on to point that it doesn't have limitations to how many times you can invest in a day means the interval that DCAing usually operates with is per hour so that it can happen as many times as possible in a day but no! DCAing happens at regular intervals which can be weekly, biweekly, triweekly, monthly or personal calculated interval but not hourly whereby you buy as many times as possible in a day. The idea of buying multiple times per day is not longer DCA strategy.

[Jody.Drummer]

It is a mistake when we invest using borrowed money, although this method can indeed be done but it is actually not recommended because it is better to use your own money which is precisely the discretionary income, besides that investing using borrowed money is like forcing yourself even though from another angle this can be overcome because you will get more money but anyway it is not recommended. The thing to consider is that investment in this case is better for the long term and using borrowed money seems like to get short-term benefits. Apart from that, it is better to make this investment by consistently purchasing it, so it is not possible to do it by consistently using borrowed money which means you have to keep borrowing to buy it, this is highly not recommended.

Yea this can apply but not for a newbie and whoever that wants to borrow to invest in Bitcoin should do it having made provisions or plans available for the repayment and shouldn't put his hopes on his bitcon portfolio to repay the debt, first of all if an investor decides to borrow to invest in Bitcoin, such invest should be aware that he is dealing with a volatile asset that can increase and decrease unannounced and as a long-term investment, no one should add it to his or her loan repayment plan, every plan should be outside the investment itself, although it is not a good advice to borrow to invest in Bitcoin but in situation where everything is planned very well an put in place for a smooth repayment, it can be an option.

In my opinion, using borrowed money to invest, as we do, is like doing it for short-term gains. This is not recommended because it's not a sensible form of trading if the concept is short-term gains, so it's better to do it for the long term, or with the goal of future well-being, especially from a financial perspective. This is why it's important to do research before making a decision. I believe if there's a reset before making a decision, investors are less likely to take out loans to invest. As you said, they should be aware that they're dealing with volatile assets that can rise and fall without warning, and it's a long-term investment. Regardless, if you really want to invest, you can start with a small amount using the DCA strategy.

[johnsaributua]

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It is true what you said, in investing we must really adjust the income we get, don't force ourselves to invest all the funds we have, this will make us trapped, this kind of pattern is what beginners must avoid. The power or strategy for consistent investing is indeed accumulation. Without accumulation, your investments won't grow as they should or as you expect. And there's another key strength finding additional income. If you can find it, you'll have the freedom to buy much more than before.

What I need to say is that it's not right to invest in Bitcoin hastily because we will all experience this later if things happen beyond our expectations and cause us to lose everything we have.

For example someone forces themselves too much to accumulate or invest a large amount by doing it all at once without thinking about things that might happen unexpectedly so that after accumulating the amount as I said earlier there are things that concern us namely needs or bills in the form of loans that we take out but all of our income has been used to accumulate Bitcoin in a very aggressive or hasty manner so that in the end the amount we have accumulated has to be sold again at a price that sometimes after we did it there has been a decrease again which makes us forced to sell on the grounds of bills that we have to pay immediately so that all problems can be resolved but in this case we have experienced losses in selling below the price we did at the time of accumulation so this is what makes us in investing or accumulating it is better not to rush and do not force ourselves to do it without thinking about needs or other things related to finances and it is better to make adjustments first so that things that we do not want to happen in investing in Bitcoin.

[Soldroplet]

None of us can tell what the price of Bitcoin will be in the long term, but if you consider the beautiful history of Bitcoin, you will understand how much cheaper Bitcoin was in the past compared to the present. However, holding Bitcoin in the long term is a viable strategy and will see you become one of the beneficiaries,

Yes we cannot predict the price of Bitcoin in the future but we can boldly say that it will increase the nearest future, because just as you mentioned, bitcoin is getting more value in each year that passes and not that alone bitcoin has been the only coin that has a lot of potential beyond other coins. Long-term investment is always the best thing for Bitcoin investment which is why there is strategy that will keep you company in the process, DCA is the best and suitable strategy when it comes to bitcoin investment.

I agree with you about the long-term view and its importance. However, I disagree with you about the "but we can boldly say that it will increase the nearest future" In reality, no one can predict the price direction in the short term or near future with absolute accuracy.
In my opinion, the key to Bitcoin success is not to predict the price, but to create a system where SATs can be collected on a regular basis. If our cash flow, emergency fund, and DCA plan are strong, then the need to worry about market fluctuations is greatly reduced. In the long term, consistent savings are more important than predictions.

[The Founding Titan]

Shitcoin is not really something we should talk about because majority of it are scam and some of them once they Dip there's no rising anymore so people who are talking about shitcoin are people that want to take risk, lose money, trade etc. rolling with shitcoin can be seen as a waste because the chances or tendency of making something from it, is very low and some newbie went to purchase it because they lack knowledge to differentiate between shitcoin and Bitcoin.

New investors may believe that shitcoins will allow them to make a lot of money very quickly. In reality, they are often a one way ticket to losing your money. There may be a few exceptions, with some tokens increasing significantly in value, but that is very rare. The opportunity to get rich quickly is mostly an illusion that leads to losses. It is better to invest in Bitcoin and avoid taking unnecessary risks.

Non of your supposed exceptions can in anyway be compared to bitcoin so why even accumulate them when you can accumulate an obviously superior bitcoin, if you already know that bitcoin is the best among the many you should also from that fact alone know know to invest in bitcoin instead of investing in the others which you already know are inferior to bitcoin.
The greed that pushes people into wanting to invest in shitcoins should have been pushing them to go for the better alternative instead, some people invest in shitcoins because they simply do not know the difference, if they did then you wouldn't even be the one telling them to invest in bitcoin instead, of course there are those who just won't see it that way and will dtill believe they can make more from shitcoins and these are usually those who want quick profit and know they won't get it from from bitcoin.

[Mandoy]

It is a mistake when we invest using borrowed money, although this method can indeed be done but it is actually not recommended because it is better to use your own money which is precisely the discretionary income, besides that investing using borrowed money is like forcing yourself even though from another angle this can be overcome because you will get more money but anyway it is not recommended. The thing to consider is that investment in this case is better for the long term and using borrowed money seems like to get short-term benefits. Apart from that, it is better to make this investment by consistently purchasing it, so it is not possible to do it by consistently using borrowed money which means you have to keep borrowing to buy it, this is highly not recommended.

Yea this can apply but not for a newbie and whoever that wants to borrow to invest in Bitcoin should do it having made provisions or plans available for the repayment and shouldn't put his hopes on his bitcon portfolio to repay the debt, first of all if an investor decides to borrow to invest in Bitcoin, such invest should be aware that he is dealing with a volatile asset that can increase and decrease unannounced and as a long-term investment, no one should add it to his or her loan repayment plan, every plan should be outside the investment itself, although it is not a good advice to borrow to invest in Bitcoin but in situation where everything is planned very well an put in place for a smooth repayment, it can be an option.

In my opinion, using borrowed money to invest, as we do, is like doing it for short-term gains. This is not recommended because it's not a sensible form of trading if the concept is short-term gains, so it's better to do it for the long term, or with the goal of future well-being, especially from a financial perspective. This is why it's important to do research before making a decision. I believe if there's a reset before making a decision, investors are less likely to take out loans to invest. As you said, they should be aware that they're dealing with volatile assets that can rise and fall without warning, and it's a long-term investment. Regardless, if you really want to invest, you can start with a small amount using the DCA strategy.

I think it is not the wisest strategy to take out a loan for investing in Bitcoin, particularly for novices. As Bitcoin is an erratic asset, it can be a source of additional stress and risk if you have to use borrowed cash. The better way is to invest only as much as can be lost without any worries. This is where the DCA strategy can be helpful. Investing small amounts regularly will allow investors to put money toward their investment portfolio without overemphasizing when to invest. DCA is a straightforward. Disciplined, and less stressful approach to investing in Bitcoin, particularly for new investors.

[Akbarkoe]

None of us can tell what the price of Bitcoin will be in the long term, but if you consider the beautiful history of Bitcoin, you will understand how much cheaper Bitcoin was in the past compared to the present. However, holding Bitcoin in the long term is a viable strategy and will see you become one of the beneficiaries,

Yes we cannot predict the price of Bitcoin in the future but we can boldly say that it will increase the nearest future, because just as you mentioned, bitcoin is getting more value in each year that passes and not that alone bitcoin has been the only coin that has a lot of potential beyond other coins. Long-term investment is always the best thing for Bitcoin investment which is why there is strategy that will keep you company in the process, DCA is the best and suitable strategy when it comes to bitcoin investment.

You know why bitcoin continues to increase it is because many people are starting to believe like you are, it is an example of how bitcoin continues to survive and continues to increase in price, as long as people believe in bitcoin, bitcoin will continue to increase in price because all of this comes from people's trust in bitcoin, and this must be maintained and continued to be spread so that new adopters continue to grow and more and more people use bitcoin to store their property, and that is where bitcoin's success has been so far.

Therefore DCA is an important feature to be able to enter bitcoin slowly without having to stress us and enter into high fluctuations.

[devouring-DARKNESS]

maybe he was not investing with is discretionary income but a loan from the bank or lender and it's accumulating interest is above the capital because if he has investing with his discretionary income he will see bitcoin investment as an additional income to him

Before any Bitcoin investor will panic and sell all his holdings like that, it's because he has invested what he cannot afford to lose, because if he has invested what he can afford to lose, he will never react in such a way because he knows that even in the worst possible scenario, he would still be fine, but when he invest with what he cannot afford to lose, he will always be in a state of panic anytime his investment is not going as planned.

As for the bold words in your write up, I think that you are wrong to be taking your Bitcoin investment as an additional source of income. Bitcoin investment is not what will be making money for you weekly or monthly, it's meant to be held for a very long time, because it's an investment, and a store of value, not a source of income as you are proclaiming.

Not investing with an discretionary funds can push an investor to sell there bitcoin while they are still on the accumulation phase.There are also other reasons why an investor can panick and sell his bitcoin before the planned timeline. Aside not investing with discretionary income, not having an emergency funds can also make an investor to sell there bitcoin when they never planned to do that. When an emergency occurs without an emergency funds an investor only options maybe to fall back to there bitcoin investment to meet up or fix the emergent situation.

Once you start investing outside of your discretionary income you effectively stop being an investor and become a high rich gambler looking for a fast way to make money, bitcoin investment isn't a get rich quick asset, if it's going to pay it will only pay long term investors, sure sometimes we seen traders who benefited from trading their bitcoin but that luck doesn't work for everyone, anyone with common sense will understand that it's better for them to accumulate and HODL instead of buying with the hopes of selling once the price shots up.

[Merit.s]

What I need to say is that it's not right to invest in Bitcoin hastily because we will all experience this later if things happen beyond our expectations and cause us to lose everything we have.

For example someone forces themselves too much to accumulate or invest a large amount by doing it all at once without thinking about things that might happen unexpectedly so that after accumulating the amount as I said earlier there are things that concern us namely needs or bills in the form of loans that we take out but all of our income has been used to accumulate Bitcoin in a very aggressive or hasty manner so that in the end the amount we have accumulated has to be sold again at a price that sometimes after we did it there has been a decrease again which makes us forced to sell on the grounds of bills that we have to pay immediately so that all problems can be resolved but in this case we have experienced losses in selling below the price we did at the time of accumulation so this is what makes us in investing or accumulating it is better not to rush and do not force ourselves to do it without thinking about needs or other things related to finances and it is better to make adjustments first so that things that we do not want to happen in investing in Bitcoin.

This is why you must first take out the funds for your basic needs and monthly expenses before you can use the extra cash to invest in bitcoin because that's your discretionary income. Anyone who invest with all his income is a gambler and not an investor because he will later sell his bitcoin when his needs arises and that's not a good accumulation practice.

As a matter of fact, you cannot even invest all your discretionary income into bitcoin when you have built your backup funds because you will have a discretionary consumption before you get paid again. It doesn't matter how much you use to buy bitcoin weekly even as low as $10, the most important thing is consistency and persistency in growing and building your bitcoin portfolio till you get to your bitcoin target.