Bitcoin Investing - DCA - page 3. | Bitcointalksearch.org

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Quote from: Bartello on December 06, 2023, 01:38:58 PM

Hi All,

I currently have between £300 - £400 left over each week from my salary in which i have been transferring in to a savings account with 4.75% interest, but recently i began to invest small weekly amounts into the popular alt coins (£50-£100) as i'm a fairly risk averse person by nature. I have recently sold those coins in my portfolio at break even or at best with small gains and re-invested the money into BTC & ETH.

My plan moving forward is to use £150 of the money available to me to purchase BTC & ETH every week with the long game in mind, but was looking for advice really on how i should split the money % wise between the two assets? 50 / 50?

i currently hold 0.096* ETH & 0.0057* BTC and have been seriously considering investing more but not sure if the amounts i have available make this worth while?

Overall, using the DCA method for long-term investment is a very wise thing and you have started doing that, but my question is why are you also investing in ethereum, you should invest only in bitcoin, because the price of bitcoin is the one that has the best speed of increasing continuously. but you have to remember to always keep bitcoin or whatever assets you have in your personal wallet, and never save them for the long term on an exchange because it is very risky, be your own bank.

mirakal

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I suggest you focus on bitcoin and invest all in. That is, if you want to maximize your profits from long term hodling. Bitcoin has more potentials to succed compared to Ethereum, so invest in bitcoin first and when you're currently making decent profits already, then diversifying your bitcoin with ethereum is a perfect choice.

DCA is the key for long term success. Although you could also consider doing DCA with ethereum but knowing ethereum is only good for short term duration, then for now just stick to bitcoin.

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Quote from: Bartello on December 06, 2023, 01:38:58 PM

Hi All,

i currently hold 0.096* ETH & 0.0057* BTC and have been seriously considering investing more but not sure if the amounts i have available make this worth while?

i’ll assume you’re here for the long term it is advisable to have most of your portfolio invested in bitcoin

90% bitcoin and 10% eth for me is a good ratio

no matter the amount, if you want to invest then go (unless the transaction fee is higher than what you’re investing) if i had the money too even in little amounts i would have put it in bitcoin

Bartello

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Quote from: Queentoshi on December 06, 2023, 04:45:01 PM

Quote from: Bartello on December 06, 2023, 01:38:58 PM

My plan moving forward is to use £150 of the money available to me to purchase BTC & ETH every week with the long game in mind, but was looking for advice really on how i should split the money % wise between the two assets? 50 / 50?

You are investing good money into cryptocurrency; you started wrongly by investing in Altcoins, but corrected things by wanting to invest in bitcoins. There are investors who are investing wrongly by investing in Altcoins and they think they are doing the right thing. BTC and ETH do not have equal status in cryptocurrency. Bitcoins have more importance amongst all other cryptocurrency, and more should be invested in it because it is more important. You can invest in the percent of 70 for bitcoins and 30 for ETH. Bitcoin price is high now and is predicted to increase still.

I started off with what i thought were solid choices in XRP/XLM/ADA and a few others which then turned into ETH, and then BTC..

I still have lots to learn evidently, however having read through the thread a few times i'm seriously considering just investing 100% into BTC weekly, but i'm in two minds if to sell the ETH now or wait a short while - but i imagine waiting won't return anything worthwhile due to the low holding i currently have? my holding is 0.09642595 (£170.52 - unrealised return = -£0.97) so selling now i'd lose ~£2 or thereabouts on my origional investment.

On another note - i invest via my banking app and it appears the fee is around £1 when i purchased £100 of BTC a couple of days ago.. is 1% high? standard?

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Quote from: Bartello on December 06, 2023, 01:38:58 PM

<...>

Gradually upping your investment in both bitcoin and ether over time is a good idea. There is no guarantee they'll keep going up, but they're less dicey than other cryptos. If risk freaks you out, just put a smaller percentage in ETH. Me, I'd go 80% BTC, or maybe even more.

aysg76

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Quote from: Bartello on December 06, 2023, 02:08:36 PM

Thanks for the reply - in your opinion would it be beneficial for me to split between the two coins or just invest 100% of the spare funds into BTC? i'm a newbie obviously but from what i have read so far it can't be too bad of an idea?

It is dependent on you as you will get lot of investment advice but for bitcoin investment your patience matters like if you have plans to hold for long term then go for it instead of wasting time on shitcoins that are not going to give you any positive growth in the future.But also keep in mind you are investing your savings in that so risk of losing money is always there and if you can afford it then you are having good approach so bitcoin is the best option according to me as well.

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Quote from: Bartello on December 06, 2023, 01:38:58 PM

My plan moving forward is to use £150 of the money available to me to purchase BTC & ETH every week with the long game in mind, but was looking for advice really on how i should split the money % wise between the two assets? 50 / 50?

You are investing good money into cryptocurrency; you started wrongly by investing in Altcoins, but corrected things by wanting to invest in bitcoins. There are investors who are investing wrongly by investing in Altcoins and they think they are doing the right thing. BTC and ETH do not have equal status in cryptocurrency. Bitcoins have more importance amongst all other cryptocurrency, and more should be invested in it because it is more important. You can invest in the percent of 70 for bitcoins and 30 for ETH. Bitcoin price is high now and is predicted to increase still.

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Quote from: Bartello on December 06, 2023, 01:38:58 PM

Hi All,

I currently have between £300 - £400 left over each week from my salary in which i have been transferring in to a savings account with 4.75% interest, but recently i began to invest small weekly amounts into the popular alt coins (£50-£100) as i'm a fairly risk averse person by nature. I have recently sold those coins in my portfolio at break even or at best with small gains and re-invested the money into BTC & ETH.

My plan moving forward is to use £150 of the money available to me to purchase BTC & ETH every week with the long game in mind, but was looking for advice really on how i should split the money % wise between the two assets? 50 / 50?

i currently hold 0.096* ETH & 0.0057* BTC and have been seriously considering investing more but not sure if the amounts i have available make this worth while?

Well, what you are doing is not bad, and your decision is right about switching to BTC and ETH rather than altcoins, as altcoins tend to be more risky, so it is not advisable to invest all you have in altcoins only. Also, yes, you could buy a fraction of coins in BTC and ETH, but remember to not just bring them. Think about the position where you are buying. Let's say that this week you brought bitcoin at a price of $41k, then the next week you brought it again, but at a different price. You can't just buy and sell without thinking about whether this position is good to buy a certain coin; you still need to analyse first before that. Anyway, the partition should be 70/30, 70% for bitcoin and 30% for ETH. Well I like bitcoin more so its better to spend a large portion of your capital to bitcoin.

Bartello

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Quote from: Silberman on December 06, 2023, 03:18:32 PM

Quote from: Bartello on December 06, 2023, 01:38:58 PM

Hi All,

I currently have between £300 - £400 left over each week from my salary in which i have been transferring in to a savings account with 4.75% interest, but recently i began to invest small weekly amounts into the popular alt coins (£50-£100) as i'm a fairly risk averse person by nature. I have recently sold those coins in my portfolio at break even or at best with small gains and re-invested the money into BTC & ETH.

My plan moving forward is to use £150 of the money available to me to purchase BTC & ETH every week with the long game in mind, but was looking for advice really on how i should split the money % wise between the two assets? 50 / 50?

i currently hold 0.096* ETH & 0.0057* BTC and have been seriously considering investing more but not sure if the amounts i have available make this worth while?

There are many approaches that you could take in order to do this, the most straightforward one is simply to add the market cap of bitcoin and ethereum and then divide the individual market cap of each coin over that result, if you do this you will obtain a 75% distribution of your capital going towards bitcoin and a 25% going towards ethereum, which in my mind looks fine, however if you want to reduce your risk even further you could increase the amount of money that goes towards bitcoin, but if you want the opposite then you should increase the money you invest in ethereum instead.

Thanks! i've been reading the replies and considering different options and was leaning towards investing the bulk of my spare cash in BTC with a little in ETH and the % you posted would be something i was considering actually. I suspect i'll be spending lots of time evaluating and re-evalutating the options

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Quote from: Bartello on December 06, 2023, 01:38:58 PM

Hi All,

I currently have between £300 - £400 left over each week from my salary in which i have been transferring in to a savings account with 4.75% interest, but recently i began to invest small weekly amounts into the popular alt coins (£50-£100) as i'm a fairly risk averse person by nature. I have recently sold those coins in my portfolio at break even or at best with small gains and re-invested the money into BTC & ETH.

My plan moving forward is to use £150 of the money available to me to purchase BTC & ETH every week with the long game in mind, but was looking for advice really on how i should split the money % wise between the two assets? 50 / 50?

i currently hold 0.096* ETH & 0.0057* BTC and have been seriously considering investing more but not sure if the amounts i have available make this worth while?

There are many approaches that you could take in order to do this, the most straightforward one is simply to add the market cap of bitcoin and ethereum and then divide the individual market cap of each coin over that result, if you do this you will obtain a 75% distribution of your capital going towards bitcoin and a 25% going towards ethereum, which in my mind looks fine, however if you want to reduce your risk even further you could increase the amount of money that goes towards bitcoin, but if you want the opposite then you should increase the money you invest in ethereum instead.

Bartello

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Quote from: Dump3er on December 06, 2023, 03:07:21 PM

Quote from: Bartello on December 06, 2023, 02:37:56 PM

Quote from: Dump3er on December 06, 2023, 02:20:33 PM

snip

Thanks for your input - i wouldn't ever follow someones advice blindly, but would certainly take each and everyone's input into consideration. I have got some food for thought from this OP and i'm sure the advice i've read will be beneficial to me in the long run.

I totally agree ref the candles - i read a lot of new sites with those click bait type articles and to be frank got tired of the nonsense and false hope so just want to be able to assign a certain % of my salary to a solid asset without the rollcoaster journey along the way.

Don't get me wrong, I didn't recommend JJG's links and posts because I wanted to tell you that it would be good to follow his advice blindly. A lot of the things he has written is not like advice, it is more of an overview of different approaches and potential outcomes as can by yourself be calculated and understood on the website that allows you to choose your own inputs. It is not anyone's parameters, you can put in whatever you think reflects your personal situation best. That was my intention and yes, never follow anyone's advice blindly and make sure you educate yourself to not keep your own eyes closed forever while trying to invest Wink

Thanks for the time you've taken to reply to me, i really do appreciate it.. yours and others posts have certainly given me some things to consider. Getting to grips with all of this has been super interesting for me albeit confusing at times lol.

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I recommend trying to learn risk management first because in the end this will also be very important.
Currently if we talk about investing in Crypto then bitcoin is the safest when compared to altcoins, therefore if you really want to make your investment a little more comfortable then bitcoin is the right choice even though the risk remains but in this case it can still be minimized in contrast to altcoins whose risk is definitely very large.
besides that I also suggest being in bitcoin like some people who previously suggested the same thing but all the tenrunya decisions are in your hands whether you are because it is the money you have and you can also judge which is best for you to do.

Bartello

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Quote from: stomachgrowls on December 06, 2023, 02:38:28 PM

Quote from: Bartello on December 06, 2023, 01:38:58 PM

Hi All,

I currently have between £300 - £400 left over each week from my salary in which i have been transferring in to a savings account with 4.75% interest, but recently i began to invest small weekly amounts into the popular alt coins (£50-£100) as i'm a fairly risk averse person by nature. I have recently sold those coins in my portfolio at break even or at best with small gains and re-invested the money into BTC & ETH.

My plan moving forward is to use £150 of the money available to me to purchase BTC & ETH every week with the long game in mind, but was looking for advice really on how i should split the money % wise between the two assets? 50 / 50?

i currently hold 0.096* ETH & 0.0057* BTC and have been seriously considering investing more but not sure if the amounts i have available make this worth while?

Totally depends on your own preference. If you do like on having both BTC and ETH with having that 50/50 split on the time that you do buy then it would be your choice and since you are really that aiming for long term
then it wont really be that much of an issue on what price you would really be purchasing into because you are planning to hold it for long term and this is one of the pros when you are going into that path
comparing into those people who do make out some or look for some good price entry just because they do some short trading and would really be that careful in speaking about their price or buy entry.

Just continue on what you are doing and as long you are investing on the money that you are allocating into it then it should really be just fine and as long you are aware about the involved risks then go ahead.
When it comes to % gains then it is really that just more better rather than on storing these amounts in a bank which we know that it do really only give less but
when it comes to assurance and security then we do know on which does have the better edge.

Thanks for the input. I'm in two minds on what to actually do now having read through the contrasting views. I can see valid points from all the suggestions and my knowledge is super limited which is why i have steered clear of the alt coins etc as i just don't have the knowledge to buy and sell at the correct times - i got a trial of trading view but that blew my mind so just read the ideas sections and this forum is amazing for content.

i'm more interested in building something over time in addition to my regular savings and have considered commodities too which my bank offers, but maybe thats a venture for another time.

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Quote from: Bartello on December 06, 2023, 02:24:31 PM

Quote from: salad daging on December 06, 2023, 02:13:58 PM

If my advice is better to switch 100% to bitcoin it is much better than altcoins and just hold ETH at this time in the future to focus more on bitcoin, because the majority of people investing in the DCA way is with bitcoin.

That bitcoin has a better potential to increase many times than altcoins, imagine if you start DCA from now on with the large amount above, then you will collect more bitcoin while many people predict after halving it will immediately go to the price of $100K, it is very likely not because the previous ATH was $69K and most likely the next ATH is more than $100K.

I will for sure put your advice into serious consideration - Would it be worth even holding on to the ETH do you think? or selling and putting back into BTC? i thought that spreading the money over the two coins would be a decent compared to my origional strat..

But it's up to you to make the decision, it's just a suggestion but I'm not an expert financial advisor, so you can ignore my statement.

Yes it's still worth keeping ETH, but that's back to you, currently I don't have any altcoins except bitcoin in a hardware wallet for higher security storing there.

If you spread your money between two different coins then go ahead, but many people recommend bitcoin.

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Quote from: Bartello on December 06, 2023, 02:37:56 PM

Quote from: Dump3er on December 06, 2023, 02:20:33 PM

snip

Thanks for your input - i wouldn't ever follow someones advice blindly, but would certainly take each and everyone's input into consideration. I have got some food for thought from this OP and i'm sure the advice i've read will be beneficial to me in the long run.

I totally agree ref the candles - i read a lot of new sites with those click bait type articles and to be frank got tired of the nonsense and false hope so just want to be able to assign a certain % of my salary to a solid asset without the rollcoaster journey along the way.

Don't get me wrong, I didn't recommend JJG's links and posts because I wanted to tell you that it would be good to follow his advice blindly. A lot of the things he has written is not like advice, it is more of an overview of different approaches and potential outcomes as can by yourself be calculated and understood on the website that allows you to choose your own inputs. It is not anyone's parameters, you can put in whatever you think reflects your personal situation best. That was my intention and yes, never follow anyone's advice blindly and make sure you educate yourself to not keep your own eyes closed forever while trying to invest Wink

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Quote from: Husires on December 06, 2023, 01:58:23 PM

Buy now with all the money you have that you do not need instead of investing in altcoin, waiting for it to pump and trying to buy Bitcoin. The price may currently be high, but it will inevitably be much lower than what the price will be in the coming months, so investing now in Bitcoin may not be a high-risk investment. Compared to 4.75% interest

Perfectly said, investing in Bitcoin is the best and least risky investment at this point, much more effective than all the altcoins put together at most, altcoins are nothing but gamble because there are no assurances in them and most times they are just a waste of time and money because most of them have ended up as lost or becoming worthless in the investors wallets, so anyone who makes a good profit from altcoins investment is just lucky to have taken advantage at the peak of their price and as soon as they're done with the market rally their price will always slide back.

So for sure putting a large amount of your leftover funds in Bitcoin will be the best decision to take as an investor and also making sure to only invest a significant small amount of good altcoins also is good that is if you must invest in them at all.

highlyexcite

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Quote from: Bartello on December 06, 2023, 01:38:58 PM

Hi All,

I currently have between £300 - £400 left over each week from my salary in which i have been transferring in to a savings account with 4.75% interest, but recently i began to invest small weekly amounts into the popular alt coins (£50-£100) as i'm a fairly risk averse person by nature. I have recently sold those coins in my portfolio at break even or at best with small gains and re-invested the money into BTC & ETH.

My plan moving forward is to use £150 of the money available to me to purchase BTC & ETH every week with the long game in mind, but was looking for advice really on how i should split the money % wise between the two assets? 50 / 50?

i currently hold 0.096* ETH & 0.0057* BTC and have been seriously considering investing more but not sure if the amounts i have available make this worth while?

Investing in cryptocurrencies can be both exciting and challenging. It's good that you're considering a long-term approach and diversifying your holdings. When deciding how to split your investments between Bitcoin (BTC) and Ethereum (ETH), there are a few factors to consider:
1. Risk Tolerance
2. Diversification
3. Market Conditions
4. Research and News
5. Long-Term Goals
6. Portfolio Size
7. Cost Averaging
8. Transaction Costs
9. Future Additions
10. Monitor and Adjust

Regularly review your portfolio and adjust your strategy based on changes in the market or your financial situation.
Given your current holdings, if you're leaning towards a balanced approach, a 50/50 split between Bitcoin and Ethereum is a reasonable starting point. However, always tailor your investment decisions to your personal preferences and financial goals. It's crucial to conduct thorough research and possibly consult with a financial advisor, especially in the dynamic and evolving world of cryptocurrency investing.

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Quote from: Bartello on December 06, 2023, 01:38:58 PM

Hi All,

I currently have between £300 - £400 left over each week from my salary in which i have been transferring in to a savings account with 4.75% interest, but recently i began to invest small weekly amounts into the popular alt coins (£50-£100) as i'm a fairly risk averse person by nature. I have recently sold those coins in my portfolio at break even or at best with small gains and re-invested the money into BTC & ETH.

My plan moving forward is to use £150 of the money available to me to purchase BTC & ETH every week with the long game in mind, but was looking for advice really on how i should split the money % wise between the two assets? 50 / 50?

i currently hold 0.096* ETH & 0.0057* BTC and have been seriously considering investing more but not sure if the amounts i have available make this worth while?

Totally depends on your own preference. If you do like on having both BTC and ETH with having that 50/50 split on the time that you do buy then it would be your choice and since you are really that aiming for long term
then it wont really be that much of an issue on what price you would really be purchasing into because you are planning to hold it for long term and this is one of the pros when you are going into that path
comparing into those people who do make out some or look for some good price entry just because they do some short trading and would really be that careful in speaking about their price or buy entry.

Just continue on what you are doing and as long you are investing on the money that you are allocating into it then it should really be just fine and as long you are aware about the involved risks then go ahead.
When it comes to % gains then it is really that just more better rather than on storing these amounts in a bank which we know that it do really only give less but
when it comes to assurance and security then we do know on which does have the better edge.

Bartello

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Quote from: Dump3er on December 06, 2023, 02:20:33 PM

Quote from: Bartello on December 06, 2023, 02:08:36 PM

Quote from: Husires on December 06, 2023, 01:58:23 PM

Buy now with all the money you have that you do not need instead of investing in altcoin, waiting for it to pump and trying to buy Bitcoin. The price may currently be high, but it will inevitably be much lower than what the price will be in the coming months, so investing now in Bitcoin may not be a high-risk investment. Compared to 4.75% interest

Thanks for the reply - in your opinion would it be beneficial for me to split between the two coins or just invest 100% of the spare funds into BTC? i'm a newbie obviously but from what i have read so far it can't be too bad of an idea?

If I may chime in here, but please keep in mind that this is no investment advice and it also has to do with taste to some degree? I personally would prefer Bitcoin over Ethereum for several reasons, but my conviction doesn't mean that Ethereum can't outperform Bitcoin over a certain time window. This means when you only look at price, the worst pump and dump around here could be the right place for you... But if you want the most promising crypto asset in terms of societal impact, my strong believe is that you want to hold the vast majority of your crypto portfolio in Bitcoin.

I am not a maximalist, but in regards to my portfolio I am quite close to it. But if someone likes to play around with some other cryptos, don't go and waste your money on the worthless penny stocks because you get fooled by the hope that the green candles may one day look like those of Bitcoin's long term graph. 99.9% of them won't.

Thanks for your input - i wouldn't ever follow someones advice blindly, but would certainly take each and everyone's input into consideration. I have got some food for thought from this OP and i'm sure the advice i've read will be beneficial to me in the long run.

I totally agree ref the candles - i read a lot of new sites with those click bait type articles and to be frank got tired of the nonsense and false hope so just want to be able to assign a certain % of my salary to a solid asset without the rollcoaster journey along the way.

red4slash

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Quote from: Bartello on December 06, 2023, 01:38:58 PM

My plan moving forward is to use £150 of the money available to me to purchase BTC & ETH every week with the long game in mind, but was looking for advice really on how i should split the money % wise between the two assets? 50 / 50?

i currently hold 0.096* ETH & 0.0057* BTC and have been seriously considering investing more but not sure if the amounts i have available make this worth while?

If that is your choice then do it because you must have done research on the coin you want to invest in but if you want to listen to other people's opinions then I would suggest focusing more on bitcoin.
Not that we can't be in altcoins like ETH that you are currently holding but I think it would be great if in the end your focus is only on bitcoin.
There are several things that can be the reason such as a slightly smaller risk and a situation where you can still be sure for bitcoin in the next few years.
But if you really want to do both then I can't say anything and do what you want.

Topic: Bitcoin Investing - DCA - page 3. (Read 542 times)