Topic: Bitcoin Investing - DCA (Read 472 times)

Makes sense, and i believe as time goes on i will adjust my numbers to allow myself to invest more into other areas other than my bank savings.

 My bank has a feature that rounds up the change from card payments with a multiplier, so I've setup what is called a pocket in the app for this very reason - every time I make a purchase it rounds up the change to the next £1 with a x2 multiplier along with any cash back and daily interest from my savings account goes into the pocket which then goes towards purchasing extra BTC.

It's all about investments, we should be proactive about it and find the best means that will not only earn us money but also be the best practices for us. I love the DCA approach really, it has helped me not to miss out on my investment in Bitcoin and others. If not for this, I would have missed out because I didn't start the investment so accurately, and when I eventually started, Bitcoin was selling at the time last year, however, this didn't stop me, I was just pumping the money on a weekly and monthly basis due to the time of the certain DCA I used. This is why I started with the "best practice" remarks, you might have 2-3 or more DCA plans on the same investment package, it doesn't matter. What I did was to have one with a weekly injection of the money, while another is a monthly injection and the last one is being done randomly.

With these, I was able to have a sizable amount of Bitcoin in my wallet and as been nice with the way the asset is behaving so far. However, the next style I would do now is just to inject money into Bitcoin without strict adherence to the DCA plan. How do I do this? I will do it simply by sending all my spare money into my wallets and I will make this frequent, but this will not go to Bitcoin alone but to other cryptocurrencies I own as well. This means that I will not be saving as much money in my bank account as I used to do and any spare money must enter my wallet regardless of the price of the coins/tokens I am buying and I will keep this working for over a year. This might sound crazy but I have a big trust in cryptocurrency within a year. We should know that without risks, there can't be gains.

You will never be able to decide to invest as much money in altcoins as you invest in Bitcoin, because Bitcoin is the most reliable investment that you will not have to worry about. You can allocate some amount to altcoins, in the end you will divide it into several parts and buy different altcoins, some of them will grow better than Bitcoin, some will grow worse, but if among these altcoins there is not one that will show super growth, then this idea will not work sense. Altcoins are a lottery of sorts, you may or may not get lucky.

By nature, I'm very risk-averse so always ensure I research to the point it becomes an obsession lol, but I've wasted so much money over the years that I wished I had put to better use, but we can't regret the past, can we? Anyhow, it's about what I do now moving forward, which I want to make count. I have sat and amended my budget sheet to go over the numbers and make sure I'm not leaving my self short, as I really want to remain disciplined with my investments and not withdraw ANY funds over the short term, unless of course something unforeseen happens in my life that exceeds the money I have in my bank savings.

Another poster suggested looking into the S&P 500 as a form of diversification, which again I will research before committing myself, but I also have a plan to purchase some alts whenever some extra cash becomes available (my working week usually ends between 50-55hrs which my budget works from, but during busy periods can often exceed 60+ hours, so I will treat myself as a reward and put the remaining money into investments.

It depends on you how you split your investment, whether 50/50 or 60/40. But my personal advice is that I prefer to invest more in Bitcoin compared to Altcoins, maybe 80/20 would be better. But that's my personal way, every investor has a different view on investing and maybe you have a different view and just believe in what you want to do. The most important thing is how you can manage your investment and understand the risks of investing in crypto.

That's great if you want to spread your investments over the medium and long term. Many investors also do this so they can increase their investment amount.
What you have to think about is finding other investments or you are already interested in investing in altcoins and I see you have already invested in XRP. It is a good choice but you have to be calm because the movements of altcoins are more unpredictable because they follow the movements of bitcoin.
Having several investments for the medium and long term can provide its own benefits. Often these medium term investments can exceed long term investments but that depends on the coin you choose.
And you can be disciplined in what you do so you will be able to get maximum profits in the future.

There is always some bit gambling at some edges of businesses, so at this nature, I would advice your channel most of your Invests towards the best reliable and most profitable source which is Bitcoin you can then have some  to other desired.
Also, of you have got this capital (money) currently at hand, then I can tell that logically, you don't need to buy your coins on the weekly structured basis and you thought about. The strategy of sequential purchase in Bitcoin or AltCoins is either considered of the investing fund for a capital or accumulating of the coins is either not available yet or that the Bitcoin investors is looking up to the volatility nature of the market to flop and then can Invest to accumulate or invests .
I am to say that the market price is encouragingly appreciating impressively so I would suggest you go ahead and pump your fund there in purchasing of your Bitcoin and take advantageous chances about her current bullishness of the coin Bitcoin else your weekly target May have you some sorts of regrets why you never bought and accumulated more now that the markets price values was roaring high. So no need of the weekly purchase. If the ETH is approved then the flop of the Bitcoin price is not going to come today's not tomorrow.
This why the stair step price values is consolidated awareness because the market demands and supplies of cryptos is sentimentally in a comparison of its investors action.
You can look at the Coin market cap to track the Cryptos prices. https://coinmarketcap.com/currencies/bitcoin/#markets

Good morning. Thanks for the suggestion.

I believe I'm doing fairly well in terms of taking responsibility for my finances. I have searched on the platform i use and S&P 500 is called SPX500 or SPDR S&P 500 ETF? I have browsed through the app to check on what else is available for investment and will certainly put this into consideration - but like anything I do, I will research it thoroughly.

I'm constantly looking at and amending my budget sheet to highlight ways of utilising my money better - When I first set up my budget I was gobsmacked at how much money I wasted on sites like Uber Eats, Amazon, Ebay and just stuff I purchased because I could   but nowadays, that money I myself consider wasted gets invested in other areas that could build a comfortable or at least a less stressful future for me financially. I view my cutbacks as short term sacrifices for long term gains - I don't go without, but choose more budget friendly options &  I no longer smoke, or drink alcohol which saves me 100's each month.

Thanks for taking the time to contribute to my thread, and have a blessed day.

That is a good choice if you don't want to take risks. Of course, as I said before, there is a very good chance that several altcoins will outperform bitcoin, but in that case you would need to buy several altcoins, some will do good, others don't, and at the end you also need to stay in top of many of them. I would buy some altcoins only when I actually have some extra money that I can, in a certain way, throw away without any consequence. Otherwise I just try to get more satoshis.

You seem to be doing well. Cash in the bank should be no more than 6 months of expenses for unforeseen arises.

Apart from that you can have sinking funds, for example if you plan to change your car or take a trip, save for that.

And then the rest to invest. Obviously in this part of the forum we are inclined to have it all in Bitcoin or most of it and forget about shitcoins. But another thing you can do is diversify out of the crypto market, for example by contributing £50 a week to a good index fund like the S&P 500. Anyway, you seem to be doing well.

It's a good thing you're doing dca in Bitcoin and ETH. It's sure that if you do it every week, your savings will grow a lot when the halving comes, and after the halving, it's a bull run for sure. Keep doing what you are doing. I hope I'm like you, who earns that amount.

But I hope you also see other cryptocurrencies that have potential, like ETH and Bitcoin, increase in the market and can also give you profit in the coming times, especially during the bull run.

Thanks!

I have considered taking advantage if the price is down by using my savings and reducing future purchases to put that money back in to my savings, but i just want to make sure it's not because of FOMO / or being greedy etc

Many investors and most people are considering the choice of Bitcoin or Ethereum in the cryptocurrency market today, as both are the best coins and also the largest in terms of Capitalists in the industry. And it is also a coin that attracts more attention and analysis than other cryptos.
Actually Bitcoin and Ethereum are the best options for you, but if you want to do DCA, Bitcoin will be better in terms of profits, especially in the long run and I also recommend that you use money that you can afford to lose. And the DCA strategy is perfect for those who use extra money because it is the best way to accumulate in the long term, and you can also increase your purchases when you have a lot of extra money especially when the price of Bitcoin is down.

That is something i'm certainly considering, but will build up my BTC for a couple of weeks I think before reducing the % slightly to accommodate the purchases of ETH. I just don't want to start purchasing other coins following the hype, as I did previously.

I stick to a budget sheet that I enter my incoming for each particular week with linked cells etc for Bills, food, essentials, treats and stuff like that and I make sure everything is covered and be generous with the figures. My old strat had 100% of whatever is left going directly to my bank savings, whereas now I use 70% of what's left over for BTC and the remaining 30% gets saved - but yes, I have made sure my life needs are met and have an amount saved where I feel comfortable and although if I lost it all overnight in BTC I would be disappointment It's money I have mentally detached myself from if that makes sense?

I have however made certain sacrifices / adjustments in that i've cut back on wasting money on purchases i don't really need and takeaways etc which now go into the pot for BTC.

If I were you, I would do 75-80% BTC and 20-25% ETH, more or less those are the percentages. I read that some people would buy only bitcoin, and I understand that, but you also need to consider that at the current values it's easier for ETH to do a 5x rather than for bitcoin. It's just an example but during a bull run many altcoins have a better return than bitcoin, of course oftentimes it's not easy to buy the right ones, but I wouldn't worry about ETH.

Hi thanks for your reply.

My BTC amount was my starting point having sold the alt coins (i started purchasing £30 amounts of XRP mostly and it built up to £370 across my holdings). I could have invested way more but due to the nature and how up and down the stats were i didn't want to risk my money - i work 50+ hrs each week and not exactly a baller so £300 is a lot of money for me as i guess for most people here.

It's not like I don't trust BTC or anything like that, but the reason I don't invest more is that i want to be able to have money available should anything happen in life where I need it and I want my BTC investment to remain untouched for the long term and will remain disciplined enough to not touch them.

I must say that being new here, my experience has been nothing but amazing so far, and I really appreciate the time you all have taken to reply to my thread and wish you all the best for your investments.

Good iuck with your own investments.

I think that's the situation because she never mentioned if anything about setting some fund for her expense till the arrival of the next salary which mean the 30% was her expense and other unforeseen situation till she receives another salary which is a pretty awesome idea. However, maintaining the strategy for the long term is always a drawback.

Ethereum is a perfect combination for bitcoin, but if you are still a beginner investor, always do the math and stick to bitcoin. Besides, bitcoin has higher potentials than ethereum, and with bitcoin halving that is getting near, it's more of a wise decision to invest all in with bitcoin, but still invest with caution. Always invest within your own risk.

Just invest in Ethereum later on if you have extra money the next time you purchase. Ethereum has also its good potentials, but it's undeniable that bitcoin has it more compared to the rest of altcoins.

That can be a good thing but is the 100 percent total money that is not used so you put it in bitcoin for 70 percent and the rest you save in fiat? because in this case, it is important to know the actual number 100 percent that you say in this case is the total salary or the remaining deduction from the needs you use.
If it is indeed 70 percent of salary (overall) I think it is too big if indeed the plan is DCA because after all we know we all have the necessities of life and you have to plan this for your daily needs but if in the end this is just the rest of the needs you have as well as some other needs such as unexpected needs and others that are already unused then that total does not mean 70 percent but a few percent of the money you set aside.

My advice is that you should forget about all the shitcoins. It's tempting when you see doge, xrp, eth or cardano pump but you have to realize that these are gambling bets. All of these coins are shitcoins that the team is constantly dumping on poor souls that buy them and these are all securities so it's a matter of time before they get fined by the SEC.

Hoskinson is a psycho with delusions of grandeur who likes to tell tales about special forces and such.
Buterin sold a lot of his personal ETH in the recent years dumping it all on investors.
Garlinghouse constantly sells XRP to pay fees and wages of his team and dogecoin was pumped and dumped by Musk in 2021.

Do you really want to put your money in these? Just get as much bitcoin as you can and you'll be safer.

This weekly leftover is very huge and not even what people from my country earn monthly. I don't know when you started to be sending them to a savings account of 4.75% interest. Let us assume you started this year and assuming you were sending it into Bitcoin, you will definitely be on 100% plus profits.

I actually do not have much to say here but I will remind you that bitcoin is the king. So, in your portfolio, give king the lion share and all will be fine.

I can say that 0.0057 BTC is a way too small holding for someone that has leftover of over $300 weekly. Although, it is advised to invest what you can afford to lose, but in your own case, it seems you don't trust BTC.

Any amount that you DCA is worth it. Don't make it look like that you have nothing wherein fact that you are holding a good amount of ETH and BTC.
Think of the others that don't even started yet but they keep saying to DCA and they don't hold anything. No actions have been made and they're all there only for the words.

I would suggest putting all your extra money into Bitcoin.  Since you are new to crypto, the more well-known BTC is a safer starting point than less proven track record of some altcoins.  But like with any investment, be sure to do your own research and maybe start small.  No matter what you decide, only invest what you can afford to lose.  Crypto tends to be volatile so approach with caution until you better understand the risks and potential rewards.

Thanks for your input - I do a fair bit of reading up on the alts and will likely invest a small % in the future, but I'd like to maximise the amount I invest in BTC to ensure I get a decent holding. I had ADA, XRP,XLM,DOGE,SHIB and a few others which totalled like £300 or so which I sold and purchased ETH (small gains).  I intended to invest weekly and split across my portfolio, but wasn't confident of the risk / reward etc..

For me, you don't need to split your funds but invest all in into bitcoin most especially that we are heading into bitcoin halving, and it would be best if you have maximum investment for bitcoin than altcoins. Bitcoin will skyrocket in less time and will reach another all time high,  so just imagine how massive the profits you will gain when that time comes. Just invest into Ethereum when you have had profits already and when the market turns bearish.

That is only based on my own point of view. At the end of the day, your money, your rules, your own choice of investment.

I have been putting 100% of what is left from my outgoings directly into a savings account for like 5 months, so I have a decent chunk saved at the moment and quite literally sit down each week and plug in the numbers into a spreadsheet I made to work out my budget for the following week (my take home varies depending on how many hours I work), so now I plan to split as above. My thinking behind this is that my BTC investment is for the long term, but my savings are for the mid-long term that I can withdraw from etc - It may be true that in the long term the % gained from BTC could surpass that of my bank savings, but I want to be disciplined with both and give myself options and not struggle day to day.

It won’t be a bad idea but if I was in your position, I would consider how much risk I will be willing to take when I invest in altcoins. No one said investing in altcoin is bad, it is just that they’re very risky investment that could make you lose hope in cryptocurrency when they don’t perform well as you’ve envisioned them to do. There are a lot of altcoin that have been doing well but that is not still an assurance to invest in them. Calculate the risk you’re willing to take into this investments before investing. If I were you I will split it 80-10, so that when I fail in the altcoin investment and don’t get the profit I expected, bitcoin investment can compensate for the loss.

That's why it is advisable especially for newcomers to invest purely in Bitcoin to avoid the struggle that you are getting. Choosing other altcoins as an additional asset for your portfolio is not an easy task, you have many things to consider and do research from scratch as you still have no idea of what you're investing. But a little advice for you, spend even a little of your time researching so you can invest in other altcoins sooner or later if you are interested in it.

Your plan to invest only 70% of your salary and set aside 30% for future use is a good idea. Or maybe you might want to consider dividing your 70% salary into 4 and use the 1/4 every week to invest in Bitcoin. This way, you can have more potentital to buy Bitcoin at different price and can be more profitable in the long run.

It is a good decision to use 70% of your remaining salary. But you have to recalculate before you actually use it so that there are no mistakes. Moreover, you still have to prepare some money for something unexpected.
Most people don't expect anything unexpected or they would use a lot of money to invest in bitcoin. They think they can make huge profits in the future.
It's true that they think like that, but they also have to estimate how much money they need to survive and meet their daily needs.
If you are ready with everything, including having allocated funds for each need, then you can use the money to invest in bitcoin.

Thanks for your reply - I can see the merits of diversification, but for a beginner such as myself I struggled to choose alts that added value / strength to my portfolio - I guess this was following the hype etc which damaged my profits, so I've decided that my strategy for the long term is to invest in BTC by making weekly purchases, but maybe somewhere down the line I may choose to reduce the % of BTC and purchase some alts - I've read that SOL and ETH could be wise choices?

For now, I will stick to using 70% of the money I have left over from my salary to purchase BTC and put 30% into bank savings to use if something unforeseen arises.

Bitcoin can be beneficial if we put all amount in it because we will not be in trouble that by minimising its price we will see loss but we have a strong believe that whenever price downs then upward movement happen more stronger than previous. Choosing only bitcoin is free of risk but there are also some alternatives altcoin which can develop your capital well.

Sometimes Bitcoin price remains in the same position but altcoins develop more and more so if someone diversify investment then taking profit from any coin will be better for him while leave the remaining coin for longer term so in my opinion choosing different coins will be better.

UPDATE -

Thanks for all the replies so far guy's i really do appreciate your time and i've learned a fair bit already. Earlier today i sold my ETH and will sell my BTC and move over to Etoro later when i get paid and will purchase £500 BTC to get me on my way. I am currently working on my budget sheet to increase the money invested into coins vs savings accounts.

Is Etoro a solid choice for someone such as me in the UK? correct me if i'm wrong but they charge 1% fees? i was going to use Kraken but until i can figure out how to get my funds on to the platform i can't incur those fees for visa payments - purchasing £170 BTC incurs a £10 fee 

Feel free to do whatever you want to do. It's your asset and you have every right to spend it the way you like it. As for my personal preference, I don't like alt coins. When I am looking for a long-term investment plan, I will never guess on something that is centralized. Those things that are centralized good face many kinds of difficulties if there's any problem with it. Most likely government interference.

The Bitcoin halving is coming near and that will push Bitcoin more and there's a potential bull market coming. As far as I know, it will push Bitcoin market first and then following this the other coins will pump as well. But Bitcoin comes first. So I will most likely put all my focus into Bitcoin investment and after I make profit out of it, I will use that profit amount to invest into other coins so that I can play it safe.

This is my personal plan and I am not advising you to do the same. And about the DCA. Keep doing it and you will see the benefit in the long run. Don't give up in the midway.

That was pretty much my thought process behind splitting some of my investment into ETH to be honest, but i'm really in two minds what to do and have spent a fair bit of time mulling over the decision today.

I have looked at other options in terms of a platform to actually purchase both as my bank charges around 5% i believe? so i now have Etoro + the wallet & Kraken & Trust Wallet but my bank isn't natively support by Kraken so i'd have to do manual transfers which i can't figure out at the moment as the visa fees equal to around 5% too  so in light of this i think i'm going to choose Etoro as my platform and use their wallet.

If Eth and BTC are what you are only considering investing in, then I think you are one step closer to the right direction, because a lot of altcoins out there are not worth our penny to be invested in, and looking at the use case of Eth and how large its smart contract is, we can both believe that it's worth our investment. On the other hand, you also need to hold some BTC, and now you don't know how to share the money to get the best out of these two currencies on your table.
 
If I'm to be in your position, the best thing that I can do is look at the currency trend and price increase of BTC, with halving being around the corner and BTC ETF close to being approved. I will spend up to 60–70% of those holdings into BTC, and the rest of the money can be used to buy ETH. Let it not be as I miss out completely on Eth. Based on how I have watched the market these past few days, the price of Eth has been responding both negatively and positively in proportion to bitcoin price movement.

Understood - i think part of my strat was to purchase ETH for the anticipated "alt season" and purchasing BTC was sort of an afterthought / deviation from my plan, but having read through this thread and many others i have since decided to go the 100% investing in to BTC. I've also discovered my laziness and inexperience has been costing me £ with fees so plan to move to another platform for purchasing.

My long term plan has shifted towards BTC, and i get paid every Thursday @ 17.00 so will begin my new path today by moving my assets over to Kraken. I have been researching since posting this thread and realised i'm paying high fees to begin with which over time will cripple my gains and have just downloaded the edge wallet after reading another post here about exhanges and wallets. I really appreciate everyones time so far.

I just need to make changes to my budget spreadsheet - i find things easier to understand when they're infront of me in black and white + seeing my networth grow over time keeps me diciplined and motivated to wake up daily at 3am to make it all possible.

I say that it would do you better to just invest in bitcoin only, maximize the potential profit by buying more right now when the price is just starting to run hot with the anticipation of the bull run and with the halving still in the near future, best believe that you're going to be better off investing in bitcoin only. I'm not saying it's bad that you're investing in Ethereum but think about it, there's going to be an altcoin season after a bitcoin bull run anyway, it's wise to go for taking a profit at bitcoin first and then trying to get in Ethereum after.

I'm very new to all this - i currently use my bank to purchase BTC and also have a Kraken account.. what is a wallet? i have metamask?

£100 of BTC comparison  

my bank = 0.00279151
kraken = 0.00285473

Seems the convenience of having my finances in one place isn't beneficial for me over the long term!

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. 

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.

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

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?

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.

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.

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.

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.

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

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 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.

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.

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.

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.

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

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.

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.

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 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.

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.

Its all about whether you want to play safe or more risky. Altcoins suchs as ETH might have shorter period of times where they pump more than bitcoin, but in the long run bitcoin always outperforms them.

For a newbie such as yourself who probably won't know when to sell altcoin, imho going all in bitcoin is the right way to go and since you plan to be into this for a longer period of time (since you are doing DCA) I suggest to get a hardware asap. 

I just realised i made a mistake in my OP and i hold 0.09* ETH  

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..

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My knowledge is limited to reading news sites and stuff on trading view/coinmarketcap etc and i've only started invested since like October of this year. I have very little outgoings and my take home is £600-£670 p/week so i'm far from being a baller!

Op you are an alt account because a newbie in the forum will not know so much on the way you do even though the person knows what is Bitcoin and investing in it. And secondly, you can't invest in Bitcoin with £150 every week. Aba, you can only invest with that amount every week if you are a business man and not a salary earner. And as a salary earner you don't have a left over in any day. As the inflation is rising every day and night your salary will not even enough to meet up the demand of the market products and this your thread is an obvious lie.

Even though the story is fabricated, if you want to invest in any of the two coins mentioned by you, you can invest in Bitcoin. But don't lie again and go and sin no more.

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.

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.

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?

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

There is a variety of posts written and a website shared by JayJuanGee that I would like to refer you to and recommend to you to take the time and read them. Those are valuable insights and he takes the time to break it down comprehensibly.

JJG’s Outline of Bitcoin Investment Ideas

In this post you will find an interesting link where you can do some calculations regarding DCA. It's a nice tool to get an understanding of the effects that DCA can have on the development of your investment.

JJG has lots of posts about this topic, but I can't dig them all up now. Check out his post history and you will find some good educational content.

I would always invest more in what I understand.

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?