new to investing in btc

[Outhue]

As someone new to investing, how can I balance regularly putting in a set amount each week with grabbing extra when prices dip to protect my money and grow it smartly over the next few years?

It looks like you already have a paying job? Because this should be the most important thing here before you start learning how to buy Bitcoin, this is the only way that things will be easier for you.

I am a bit lost where you said to protect your money, at first I thought this is about you keeping your Bitcoin in a safer Bitcoin wallet but I think this is not the case, it sound like you are trying to protect your fund from the dips.

You don't need to worry about price deep, because you plan to invest every week, price won't be the same every week, sometimes it will be higher and some times it will be lower.

[illanz]

thanks everyone who posted message here, i already got my answer

[Marykeller]

As someone new to investing, how can I balance regularly putting in a set amount each week with grabbing extra when prices dip to protect my money and grow it smartly over the next few years?

The amount you earn, will depends on the amount you will set aside to be investing in Bitcoin for long term. Is it weekly or monthly, your income will say to that on how your investment in Bitcoin will be. But remember, invest with what you can afford to lose through a DCA means. You will be fine at profits, if you set your target well. That is, you buy at low price and sell at high price.

thanks everyone who posted message here, i already got my answer

Lock your post thread then, to avoid further advice.

[JunaidAzizi]

I will suggest the DCA method, the most workable strategy for beginners. Not only beginners, but many experienced investors also use it for better profits. The strategy is more beneficial because you will be free from emotions, and you can invest money every week regardless of price action, making your journey go smoothly. If you can do one more thing additionally, keep some extra funds with yourself so whenever you see a dip in the price, you can buy more than you usually would with the DCA method. This is called DCA PLUS DIP. When the price is low, add some additional funds, but remember to use money that you won't need for 5 or more years, because this is a long term process. Initially, target BTC and Ethereum coins because they are less risky, and when you gain experience, you can explore other coins.

[Distinctin]

As someone new to investing, how can I balance regularly putting in a set amount each week with grabbing extra when prices dip to protect my money and grow it smartly over the next few years?

Increase your source of income so that aside that you can put a good amount on bitcoin regularly, you can also make extra earnings that you can use whenever you want to maximize your purchase in times of btc dips. This is not just time management, but money management as well. After all, all your hard work and efforts these days will paid off in the long run, that is if you have the patience to hold your investment and only sell it when there are visible impressive profits.

[Patikno]

As someone new to investing, how can I balance regularly putting in a set amount each week with grabbing extra when prices dip to protect my money and grow it smartly over the next few years?

Increase your source of income so that aside that you can put a good amount on bitcoin regularly, you can also make extra earnings that you can use whenever you want to maximize your purchase in times of btc dips. This is not just time management, but money management as well. After all, all your hard work and efforts these days will paid off in the long run, that is if you have the patience to hold your investment and only sell it when there are visible impressive profits.

Yes, I think increase source of income also another solution to secure finances when investing in Bitcoin, so for example if Bitcoin experiences a decrease in value, you don't need to sell some of your assets for any purpose, in fact you can allocate it to invest in Bitcoin, and do compounding, so you can focus on doing DCA consistently and without any obstacles. So that in the long term you can enjoy the results of the hard work you have done so far, we know that the process will not betray the results.

[Dzwaafu11]

As someone new to investing, how can I balance regularly putting in a set amount each week with grabbing extra when prices dip to protect my money and grow it smartly over the next few years?

The only way I think you will enjoy investing regularly in bitcoin is by using the DCA method of investing in bitcoin. People who set some certain amount to invest in bitcoin, whether weekly or monthly, regardless of the time you set for yourself, use DCA to invest in bitcoin since it's the easiest way to do that also the easiest way for beginners who are new to bitcoin investment, and also it will be easy for you to know how the market works for you. When you are at a loss, you will know easily, and when you are in profit, you will know easily as well.

[Botnake]

As someone new to investing, how can I balance regularly putting in a set amount each week with grabbing extra when prices dip to protect my money and grow it smartly over the next few years?

Know your financial status first and set an amount that you can afford to lose. While DCA can be a great start, but the more stable your income is, then there is more guarantee that you can buy bitcoin at a regular basis.

However, if you think your income right now might not be enough, add more side hustles to gain more income. That way, you will have bigger opportunity to increase your bitcoin portfolio as time goes by.

[AprilioMP]

As someone new to investing, how can I balance regularly putting in a set amount each week with grabbing extra when prices dip to protect my money and grow it smartly over the next few years?

There is such a thing as a DCA strategy. This strategy can be a solution to the money you have with regular purchase targets without having to worry.
As long as you are not forced to invest, I think using the DCA strategy is best.
If I may suggest, first fulfill your needs and cold money that is not touched or earmarked for investment, that's all you use so that it doesn't become a burden.

[btcltcdigger]

DCA is your answer. Or in plain text, Dollar Cost Average.
Set aside amount of money you can each week/month and then purchase on a regular basis. Some exchanges offer this as a free service, you link your card and each X amount of days, it will buy at the lowest price.
Or if you don't like automation, load an exchange with funds, and set up buy orders at the price you feel comfortable, and just wait

[Hyphen(-)]

As someone new to investing, how can I balance regularly putting in a set amount each week with grabbing extra when prices dip to protect my money and grow it smartly over the next few years?

That means you need adequate learning of market analysis before you start trading or investing in cryptocurrency.
Centralized exchanges are the best place to have such price movement plans. In your investment strategy, you need exchanges like Binance and so on that are very good and reputable to place such investments. All you need is a stablecoin like USDT or USDC in your exchange wallet, select the coin you want to buy, and place several orders at different prices of your choice. If these prices are achieved, your orders will be filled successfully without you coming online to monitor the price or even buy the coin at that moment.

Furthermore, you can be using the DCA method to buy maybe monthly or weekly, or you can choose some time frame to buy your coin; you can as well be monitoring the market so that you can buy when the price goes down in order to cover for some losses that might have occurred as the market is going down.

[Baki202]

I will suggest the DCA method, the most workable strategy for beginners. Not only beginners, but many experienced investors also use it for better profits. The strategy is more beneficial because you will be free from emotions, and you can invest money every week regardless of price action, making your journey go smoothly. If you can do one more thing additionally, keep some extra funds with yourself so whenever you see a dip in the price, you can buy more than you usually would with the DCA method. This is called DCA PLUS DIP. When the price is low, add some additional funds, but remember to use money that you won't need for 5 or more years, because this is a long term process. Initially, target BTC and Ethereum coins because they are less risky, and when you gain experience, you can explore other coins.

And DCA is one of the best and common ways to make investment very easy for you to be part of something great, and most people even go to the extent of what DCA can do, so there is a need for understanding, and beginners need to have knowledge of this this thing before they even start because you need to be ready to learn so that you will be able to showcase whatever ever you have learnt because you have to even know what DCA and how it works, and when you invest weekly, you are more advantage because since you can not afford to buy at once, then you can buy gradually till your goal is met especially when the market is red, then you can also take advantage of the market to buy more because there wont be enough reasons if you miss opportunities like this and experience is the best tearcher.

[Aanuoluwatofunmi]

As someone new to investing, how can I balance regularly putting in a set amount each week with grabbing extra when prices dip to protect my money and grow it smartly over the next few years?

Since you're considering buying at every dip on a weekly basis, then DCA is the best strategy for investors in this category like you, it also helps make investment more suitable to do without having any uncomfortable approach investing, this also ensures that the market is best placed as to increase the chances for making more profits while reducing the risk at investing on loss, because you buy on the dip the more and hold as the market pumps you earn more.

[Peanutswar]

As someone new to investing, how can I balance regularly putting in a set amount each week with grabbing extra when prices dip to protect my money and grow it smartly over the next few years?

This kind of strategy is we called DCA which you make an investment with the bitcoin through out if you have a budget now this could be profitable?, could be yes and no depends on how you will look it, no because possible the market might get crash and no one are happy on that seeing their investment value getting down, now that's the frustration comes in but on the other hand if you are seeing your investment for a long term you didn't care at all with the current price and you are looking forward for the long term investment yes this kind of strategy can be worth it if the bitcoin makes another price pump from the previous trends. Also I consider as a pre-requisite to understand how does the market move like learning basic trading and technical analysis so you wont get loss with your investment journey.

[Dunamisx]

Before doing anything, we should know that there is merit and demerit for that thing, same applies to bitcoin investment, if someone talking to us that there is no risk, them its all a complete lie, but when we know much about the bitcoin network, know about scam, security, wallets and how to safely invest, then we may not find it difficult to cope in the use of bitcoin, learning bitcoin is a principal thing which everyone must know and understand the reason why they must comply first on this before investment decision on bitcoin, if we don't want to afford making mistakes causing loss.

[Ishicryptic]

Investment in Bitcoin is not complex, what you need is knowledge of it's circles and how to protect your wallet, then you buy and hold for the long term. As a salary earner the best method of accumulating is DCA strategy, ofcourse you have heard it from experienced members in the forum, it keeps you focused on your goal of stashing enough Bitcoin into the future. So far you are on steady income it is not necessary to wait till dip before you buy, something can else can take the money before then. Buy when you have the fund and from from your salary, Bitcoin price will always reach ATH and the value of your coins will always yeild profit for you.

[Awaklara]

Investment in Bitcoin is not complex, what you need is knowledge of it's circles and how to protect your wallet, then you buy and hold for the long term. As a salary earner the best method of accumulating is DCA strategy, ofcourse you have heard it from experienced members in the forum, it keeps you focused on your goal of stashing enough Bitcoin into the future. So far you are on steady income it is not necessary to wait till dip before you buy, something can else can take the money before then. Buy when you have the fund and from from your salary, Bitcoin price will always reach ATH and the value of your coins will always yeild profit for you.

OP should also know the good amount to allocate in buying Bitcoin every week. he should also have savings as a backup money besides allocating for Bitcoin investment. The goal is simple so that the investment made is not affected when he has emergency needs that require larger funds.
If the amount owned every week is not good enough to make a purchase, it would be better to collect it first. It can be every two weeks or maybe every month. If done routinely, the development is also good.
Do not force the increase in investment assets owned while finances become chaotic.

[stadus]

As someone new to investing, how can I balance regularly putting in a set amount each week with grabbing extra when prices dip to protect my money and grow it smartly over the next few years?

Do it with DCA. It will reduce the pressure compared to putting your funds all at once. And also, understand your investment risk so you won’t get bothered with price volatility and price crash, bitcoin is certainly like that. As long as you know what investment you are entering, and you chose to invest regularly through DCA, the long term outcome will be worth the wait when it start to paid off.

[tvplus006]

As someone new to investing, how can I balance regularly putting in a set amount each week with grabbing extra when prices dip to protect my money and grow it smartly over the next few years?

This type of investment is called DCA (Dollar-Cost Averaging), according to which you will buy BTC weekly for a certain amount. To do this, you will need a steady income that you can allocate to purchases that should not run out in a few weeks because you have run out of money.

[Wiwo]

As someone new to investing, how can I balance regularly putting in a set amount each week with grabbing extra when prices dip to protect my money and grow it smartly over the next few years?

Take your chance in the market each time it presents it discounted price regions, as a newbie to investment you need to make sure you k ly buy cheap and and sell high to be able to remain at a level where your young growing bitcoin investment, it a journey that requires an approach which is called

DCA approach, this way you put aside some amount to regularly purchase bitcoin.