Petrol Price is 1 dollar and 50 cents per litre in my country

[Fragrance1122]

The price of petrol is approximately 1 and a half dollar in my country. I don't have a car instead i have a bike that needs about 2 litre of petrol per day. So i was just thinking why not to become a pedestrian and invest the expenses of petrol in bitcoin. To be very honest 11 out of 1000 people have cars only in my country , so what if a person invest the concern 2 dollars in bitcoin, the possibility is there that he might have a car in next 4-5 years. Still for a middle class man it might be dangerous if bitcoin price remain constant or decline with the passage of time. I assume that bitcoin belongs to richer and richest only. The question might look a bit awkward. But the arguments can be interesting.. You are welcome!

[noorman0]

That's possible, but think about the network fees of each purchase considering that it is only $2, not to mention the fee of consolidating utxo. You should set your purchase schedule to $14 per week. Unless you're going to take these purchases to a centralized rute, the platform charges percentage-based trading fees,

($2*365)*4 = $2,920. If it is assumed that your investment does not grow, that figure is actually enough to buy a used car in my country. But if I were you, I wouldn't put a big dream at the beginning to be able to buy a car one day. Just focus on building discipline

[Z-tight]

Lol, you want to ditch your bike and walk or take the bus to work every day to invest the money you'd have spent on gas in BTC, in the hope of buying a car from the returns in 5 years, lol. You are simply building castles in the air my friend and that's not the best thing to be doing. Take note that you would also incur expenses from the cost of public transit.

Dca is good, but i don't think it should come at the expense of what make commuting easy and efficient for you. I'd recommend you find other ways to allocate funds into BTC.

[Die_empty]

Lol, you want to ditch your bike and walk or take the bus to work every day to invest the money you'd have spent on gas in BTC, in the hope of buying a car from the returns in 5 years, lol. You are simply building castles in the air my friend and that's not the best thing to be doing. Take note that you would also incur expenses from the cost of public transit.

Dca is good, but i don't think it should come at the expense of what make commuting easy and efficient for you. I'd recommend you find other ways to allocate funds into BTC.

People can decide to sacrifice pleasure or other necessities to achieve their aim. Maybe his work is within a trekable distance, so he could work to work and save money. I also heard that in some countries free public transport is part of the welfare package of the government. I wouldn't discourage him because this pattern might be the only means he could save for a car.

I guess the reason for the high price of fuel is the conflict in the Middle East. The price will reduce drastically when the war ends. Let me suggest to OP that he could seek other means of getting income. Maybe learning a new skill could land him a part-time job that could assist him in achieving his DCA goals. He could also start a profitable business.

[Chinesebaby]

The price of petrol is approximately 1 and a half dollar in my country. I don't have a car instead i have a bike that needs about 2 litre of petrol per day. So i was just thinking why not to become a pedestrian and invest the expenses of petrol in bitcoin. To be very honest 11 out of 1000 people have cars only in my country , so what if a person invest the concern 2 dollars in bitcoin, the possibility is there that he might have a car in next 4-5 years. Still for a middle class man it might be dangerous if bitcoin price remain constant or decline with the passage of time. I assume that bitcoin belongs to richer and richest only. The question might look a bit awkward. But the arguments can be interesting.. You are welcome!

To be honestly speaking, this is the best and perfect time for anybody to invest in Bitcoin, since it's price value have fallen very much to over $60,000 per BTC at the time of writing this post. And if you are able to invest either a thousand dollar or more now in Bitcoin, which it's price reaches it's previous All Time High of over $126,000 per BTC, you probably might have made double of whatever you invested in it. However, if investing $2 daily in Bitcoin is your plan, then it's still not a bad idea, because in a year, you probably might have save $720 or more. And in two years over $1500. So I strongly encourage you to take a bold step and start now.

[Lucius]

The price of petrol is approximately 1 and a half dollar in my country. I don't have a car instead i have a bike that needs about 2 litre of petrol per day. So i was just thinking why not to become a pedestrian and invest the expenses of petrol in bitcoin.
~snip~

The idea makes sense - because not only will you save $3 a day if you use your bike every day, but you'll also be doing something for your health and the health of others by not polluting the air around you. Why stop there - if you smoke, stop smoking, if you drink alcohol regularly, stop drinking it or reduce it to a minimal level. This way you can save a few hundred $ per month that you can invest in anything.

It paid off for me a long time ago, when the price of Bitcoin was only a few hundred dollars. I saved a lot just by quitting smoking and cutting down on alcohol, and of course, starting to bike and walk more.

Good luck if you go in that direction.

[Zaguru12]

People can decide to sacrifice pleasure or other necessities to achieve their aim. Maybe his work is within a trekable distance, so he could work to work and save money. I also heard that in some countries free public transport is part of the welfare package of the government. I wouldn't discourage him because this pattern might be the only means he could save for a car.

This is actually a great plan if everything actually alligns with what you just put out, if we read the OPs post very well with the understanding that the few numbers of people even owning cars it means the country is predominantly a very poor place and more people might be actually using pedestrian transport too and if his place of work is close then it probably possible but one thing is sometimes bikes like this are a must have in the home. So he should leave the bike and during the time of dear need he would probably make use of it.

My only concern is that OP isn’t actually investing what he can afford to lose even though I think that statement is obsolete because no body can afford to lose their current bitcoin investment. OP is on a long time path of 4-5years which historically is seriously the minimum years for long term investment but the question is what if bitcoin doesn’t follows the historical trend and actually doesn’t get to be at his predicted price by 4 years time can he actually wait for more years.

Plus after getting the car how can OP Carter for it most especially fueling since he is not comfortable with that of bike now and we all cars consume more

[SamReomo]

It's good to start investing in Bitcoin whether it's $2 per day or $14 per week but at least it's something that you're investing and in long run it will work. Instead of saving that $2 you should keep investing that value and that's the best way possible. I believe investing $30 per month also works well for some people.

[m2017]

The price of petrol is approximately 1 and a half dollar in my country.

Maybe should start mining petrol then?

I don't have a car instead i have a bike that needs about 2 litre of petrol per day. So i was just thinking why not to become a pedestrian and invest the expenses of petrol in bitcoin.

Better yet, sell your motorcycle (which drains your money not only on petrol, but also on repairs and maintenance, and is constantly depreciating in value due to obsolescence, unless, of course, it's a retro-antique motorcycle model) and buy a bitcoin.

To be very honest 11 out of 1000 people have cars only in my country , so what if a person invest the concern 2 dollars in bitcoin, the possibility is there that he might have a car in next 4-5 years.

Have you taken inflation and the rising cost of cars into account?

Still for a middle class man it might be dangerous if bitcoin price remain constant or decline with the passage of time.

They might not care at all if they haven't invested in bitcoin.

I assume that bitcoin belongs to richer and richest only.

Belongs to anyone who bought (owns) it. Without any class differences.

[HustleZ]

The price of petrol is approximately 1 and a half dollar in my country. I don't have a car instead i have a bike that needs about 2 litre of petrol per day. So i was just thinking why not to become a pedestrian and invest the expenses of petrol in bitcoin. To be very honest 11 out of 1000 people have cars only in my country , so what if a person invest the concern 2 dollars in bitcoin, the possibility is there that he might have a car in next 4-5 years. Still for a middle class man it might be dangerous if bitcoin price remain constant or decline with the passage of time. I assume that bitcoin belongs to richer and richest only. The question might look a bit awkward. But the arguments can be interesting.. You are welcome!

Well i dont agree with you saying bitcoin belongs only to the rich, the rich can invest more but that doesn’t stop the less wealthy people from investing. The poor doesn’t have to get returns as much as the rich get. That’s the whole point, the lees wealthy people don’t invest because they want the same returns the rich people get without investing much. A person should invest a % of their income that doesn’t affect their lifestyle but compounds over time to become a money that affects someone’s lifestyle. Your idea of a person leaving their vehicles and becoming pedestrian is good but they can’t be pedestrian for a long time and then they have to touch their BTC investment. What i would recommend is continue your life as it is just allocate a fixed % of discretionary income to Bitcoin investing and commit to DCA.

[Luzin]

Dca is good, but i don't think it should come at the expense of what make commuting easy and efficient for you. I'd recommend you find other ways to allocate funds into BTC.

This is good, they should not have to make this extreme decision. To obtain Bitcoin, because naturally Bitcoin ownership is forced and this is not good. You should not have to force and sacrifice important things. Main work and transportation tools are necessities to gain easy access, so there is no need to sell them. Investing with a rational amount without sacrificing other important things is stupid.

[BlackHatCoiner]

Bitcoin definitely isn't just for the rich, but don't make your daily commute miserable just to stack sats. If walking takes hours, keep the bike and just invest whatever you can comfortably spare instead. To me, it sounds like your real problem is your cashflow. If I were you, I'd take advantage of the geographical arbitrage that is given to you by the Internet, learn a new skill and sell it across the sea. 

[suzanne5223]

Lol, you want to ditch your bike and walk or take the bus to work every day to invest the money you'd have spent on gas in BTC, in the hope of buying a car from the returns in 5 years, lol. You are simply building castles in the air my friend and that's not the best thing to be doing. Take note that you would also incur expenses from the cost of public transit.

Dca is good, but i don't think it should come at the expense of what make commuting easy and efficient for you. I'd recommend you find other ways to allocate funds into BTC.

The decision is good if we look into it deeply.
Yes, s/he will go through a lot using public transit, but at least it will save him/her from using the money on petrol and bike maintenance fees into investment in something that is worthwhile in the future, which I think would be nice for the OP if s/he truly does it. Because we have the history of people who ditch their stress free life and go all in on BTC when the market is in a correction stage, and they are living the best life now.
We have heard about Binance CZ, who sold his Shanghai apartment for $900,000 and invested everything in BTC when it was around $400–$600.
We also heard about Didi Taihuttu, who sold everything (house, cars, business, furniture, clothes, even his kids’ toys) and invested everything in BTC.

[Fragrance1122]

The price of petrol is approximately 1 and a half dollar in my country. I don't have a car instead i have a bike that needs about 2 litre of petrol per day. So i was just thinking why not to become a pedestrian and invest the expenses of petrol in bitcoin.
~snip~

The idea makes sense - because not only will you save $3 a day if you use your bike every day, but you'll also be doing something for your health and the health of others by not polluting the air around you. Why stop there - if you smoke, stop smoking, if you drink alcohol regularly, stop drinking it or reduce it to a minimal level. This way you can save a few hundred $ per month that you can invest in anything.

It paid off for me a long time ago, when the price of Bitcoin was only a few hundred dollars. I saved a lot just by quitting smoking and cutting down on alcohol, and of course, starting to bike and walk more.

Good luck if you go in that direction.

I forgot to mention 2010! It could have benefit back then more than enough compare to now.. anyhow I will try to cut off my smoking expense as well because I do smoke a cigarette or two on daily bases. Little savings might bring big changes in someone's life.. it literally matters. Many drops make an ocean. Thankyou for understanding and support..

[Findingnemo]

~
I forgot to mention 2010! It could have benefit back then more than enough compare to now.. anyhow I will try to cut off my smoking expense as well because I do smoke a cigarette or two on daily bases. Little savings might bring big changes in someone's life.. it literally matters. Many drops make an ocean. Thankyou for understanding and support..

One or two packs or just in singles? I am not sure how much you can save if it's just a couple of cigarettes per day. But it is good for your health, which is beneficial for you in the long term rather than the monetary rewards.

And sorry to disappoint you, turning around your life with a couple hundred invested on bitcoin is less likely to happen but delaying won't change anything so start as soon as possible and accumulate as much as you can.

BTW saving $3, but you have to take a walk which doesn't sound like a smart move it is gonna waste a lot of hours just for the walk that can happen in minutes with a motorbike.

[PrivacyG]

Walking instead of driving to purchase Bitcoin with the money you spend on gas?  Walking takes a lot longer.  Although if you do not exercise at all then it is a great idea.  My point is,

Why do you not use that bike to make more money.  Do delivery.  Find a way to make more than you spend on gas.  Then you save a lot of time and purchase Bitcoin with a lot more money.

[Nwada001]

But will you still need the bike to move around to places where you will be going, or do you intend to limit where you go to just to save the cost of fuel?

Your idea is good, but what I can suggest is since a bike is important for movement more than paying for daily transportation, one can go for electric bikes, which also have a fuel option. It's almost the same price as buying a normal bike, at least here in my country. They can just be said to run a bit slower, but with a power supply to use and charge your battery, you will have enough to save from what you could have been spending on fuel and can use that to invest in Bitcoin.

[Z-tight]

People can decide to sacrifice pleasure or other necessities to achieve their aim.

I do not consider my daily commute to be pleasure, it is a necessity. There are places i need to be every day at specific times of the day and my car makes it so much easier for me to get there. My car makes me more efficient and i earn more money because of it. I wouldn't ditch it to buy BTC with the money i spend on gas, never.

However, i understand that we all have different realities, so each to their own.

[ingiltere]

Petrol prices are similar in my country as well. However, car ownership is much higher. On average there's nearly 1 car for every 2 people. Public transportation isn't used very often. People prefer to travel in their own cars because it gives them more freedom.

If the goal is to create a budget to buy more Bitcoin, you can do this by cutting back on other things. In your example it's petrol, in someone else's example it might be fast food, snacks or coke. The important thing is to demonstrate the ability to manage your savings and use them for Bitcoin investment. In the long run it will be profitable.

[BlockLegend666]

People can decide to sacrifice pleasure or other necessities to achieve their aim.

I do not consider my daily commute to be pleasure, it is a necessity. There are places i need to be every day at specific times of the day and my car makes it so much easier for me to get there. My car makes me more efficient and i earn more money because of it. I wouldn't ditch it to buy BTC with the money i spend on gas, never.

However, i understand that we all have different realities, so each to their own.

Financial decisions are often influenced by real life needs, not just investment opportunities. If a car helps with daily activities, saves time, and even increases income, then it has value far beyond mere transportation. Under such circumstances, reducing car use simply to increase investment may not yield better overall results. The important part is recognizing that everyone's circumstances are different. Not everyone has the same needs, jobs, or environments. Therefore, the right choice for one person may not be the right one for another. This way of thinking demonstrates a fairly open and realistic attitude.