I do, I think buying more right now is a great thing and we should not be considering that as a bad idea, people are not entirely sure because we went up so high and some of them are worried that this increase will be followed by a decrease. But even if that were to happen one day, I feel like we are not there yet, we are doing fine and we should be going higher and should be considered as a good thing at this moment.
I believe that the best thing we could do is to get a bit of bitcoin at this moment and hopefully make some profit when the time comes. I think the drop after an increase will not happen all the way until we are above ATH price, maybe a tiny drop here and there but nothing big.
Topic: Do you still advised more buy and store? - page 14. (Read 2197 times)
Planning is crucial when it comes to finances, and if you believe that investing every month won't have an impact on you, I advise you to do so. You'll know you have a certain amount of money set aside for investments, and over time, you'll earn a profit. If investing every month presents a challenge, you can consider investing every two months. The choice is ultimately up to you, and it will depend on how much money you make from your working place but sincerely buying and storing is not a bad idea at all.
It will be a good idea to be buying Btc little by little and keeping it.You should invest the little you have after deducting all your needs from the salary nobody know when the bulls will return so it will be a wise things to only invest what you can afford to lose,It is one of the golden rule of investment.
This is like dollar cost averaging (DCA). But make sure that if you buy it like this, I believe you will hold it or store it for a long time.Buying little amount for every specific time will make your buying price average price will change always, I am not saying this is bad.
This is very effective and profitable when you do this during the bear season because let's say on every dip you buy, for sure once the price will go back pumping, your average buying price may be in low price.
I was thinking new kind of plan to buy bitcoin every month from my salary immediately my company paids me but I still have other responsibilities to carry with family so am skeptical about it especially now that the price has no direction. If can afford storing every month in a long run I may realizes half of bitcoin unit and that's a big achievement to buy but to you is funny because you have enough of it. So advise me on what to do! Should I hold on because of the instabilities in price? Or I should buy and store? Over to you
Invest on what you can afford to lose, dont make yourself having that kind of mindset that it would be making you guaranteed profits on the time you would be holding but of course we arent that blind not to see when it comes to potential and this is why i couldnt blame out people on having this kind of belief and mindset to have in mind.If you do see that it is really worth to invest then go ahead but of course
you shouldnt really be that irresponsible towards your family specially into your obligations.It all matters with proper financial management since not all would really be that good on handling
out their finances but if you do see that you do still have some extra to spent on saving up or buying Bitcoin then go ahead and do it.
Actually, buying and storing your coins is always a good option as long as the price never reaches its peak yet, so you have all the time to accumulate a lot more of it. However, it also depends on your finances and your capability to constantly buying it. If you have a tight budget, then never push through it but prioritize what’s needed the most. And when you’re done sustaining the basic needs of your family, then it’s time to spare some extra funds for your investment. And when you have save enough, that’s the time to buy a portion of bitcoin and hold it. You can always do it everytime you have extra funds reserved for your investment. Invest what you can afford to lose, that way you will lessen the risk from your investment.
I was thinking new kind of plan to buy bitcoin every month from my salary immediately my company paids me but I still have other responsibilities to carry with family so am skeptical about it especially now that the price has no direction. If can afford storing every month in a long run I may realizes half of bitcoin unit and that's a big achievement to buy but to you is funny because you have enough of it. So advise me on what to do! Should I hold on because of the instabilities in price? Or I should buy and store? Over to you
The price of bitcoin has only one direction and that's to move up, compare all the prices and the bear markets were just essentially needed for it to move to a better price.Just DCA and don't think of any problematic scenarios about the market because it's been proven to get better when it gets worse. But mostly, don't forget your obligations being a family man and just get some spare to spend and buy bitcoin. That will suffice and be consistently in doing that and try to sacrifice some of your vices if you've got any or subscriptions that are unusual and use that money for buying bitcoin as you DCA.
I was thinking new kind of plan to buy bitcoin every month from my salary immediately my company paids me but I still have other responsibilities to carry with family so am skeptical about it especially now that the price has no direction. If can afford storing every month in a long run I may realizes half of bitcoin unit and that's a big achievement to buy but to you is funny because you have enough of it. So advise me on what to do! Should I hold on because of the instabilities in price? Or I should buy and store? Over to you
That’s for you to decide. If you think you still have extra funds to buy, then why not. But never compromise your funds just to make it happen buying every month because you have a goal to achieve, prioritize first your family’s basic needs and expenses. And when you have already spare funds for bitcoin, do the DCA. Buy a portion of it everytime you are capable to buy especially when the price drops again to its bearish price.Always best to use your spare funds on this market as this market is a very volatile one.
Because if you are using funds from your basic needs, you will end up stressing yourself.
It doesn't matter if you can allot this month or not, as long as you are not forced about it.
The important thing is put food on your table and pay your monthly bills first.
Savings and other investments can wait. Much better if your family is not deprived of decent living.
I was thinking new kind of plan to buy bitcoin every month from my salary immediately my company paids me but I still have other responsibilities to carry with family so am skeptical about it especially now that the price has no direction. If can afford storing every month in a long run I may realizes half of bitcoin unit and that's a big achievement to buy but to you is funny because you have enough of it. So advise me on what to do! Should I hold on because of the instabilities in price? Or I should buy and store? Over to you
That’s for you to decide. If you think you still have extra funds to buy, then why not. But never compromise your funds just to make it happen buying every month because you have a goal to achieve, prioritize first your family’s basic needs and expenses. And when you have already spare funds for bitcoin, do the DCA. Buy a portion of it everytime you are capable to buy especially when the price drops again to its bearish price. 
As others already suggest. DCA is the best method to accumulate Bitcoin for holding. We observing a $29K price range now. It's still the beginning of the Bitcoin journey. It's not too late to start your journey. We have a long way to go. Always invest what you can afford to lose because we don't know when we can see another FTX Fiasco. Centralized exchanges control the current market.
Yes, this is an opportunity for us to continue to collect bitcoins as the forecast in 2024 will go into a bull market after the bitcoin halving event so that will give us great returns. Op you can put in whatever amount you have left of your paycheck because even if it is small but if you consistently make bitcoin purchases every week or month continuously over a period of one year then chances are you will get a rather large total of bitcoins accumulated over the above time period, feel free to buy bitcoins using your salary money if your goal is long term investment. 
It will be a good idea to be buying Btc little by little and keeping it.You should invest the little you have after deducting all your needs from the salary nobody know when the bulls will return so it will be a wise things to only invest what you can afford to lose,It is one of the golden rule of investment.
In making any investment, the investor has to look at future prospects. Buying and storing bitcoins from a portion of salary is definitely good strategy. If you buy Bitcoin with a long-term investment in mind, you don't have to worry about when the bull market will start. Because there is no doubt that Bitcoin will do big in the market in the long run. So those interested in investing with long-term holding thoughts regularly use their extra money to buy bitcoins to strengthen their positions. I was thinking new kind of plan to buy bitcoin every month from my salary immediately my company paids me but I still have other responsibilities to carry with family so am skeptical about it especially now that the price has no direction. If can afford storing every month in a long run I may realizes half of bitcoin unit and that's a big achievement to buy but to you is funny because you have enough of it. So advise me on what to do! Should I hold on because of the instabilities in price? Or I should buy and store? Over to you
It is a good thing that you are still trying your best to invest despite having financial struggles but one thing you should always remember is to invest only what you can afford to lose.
Of course, there will be times when our budget is too tight and only enough to sustain our financial needs but you don't have to force things out if you can't really do it. You can actually try it when you have enough savings as long as the price is still in a good shape and will still be profitable. It's fine if you miss a week or a month of investing but be sure that you are exerting an effort to save and invest when you can because you will still benefit from it when the time comes.
I was thinking new kind of plan to buy bitcoin every month from my salary immediately my company paids me but I still have other responsibilities to carry with family so am skeptical about it especially now that the price has no direction. If can afford storing every month in a long run I may realizes half of bitcoin unit and that's a big achievement to buy but to you is funny because you have enough of it. So advise me on what to do! Should I hold on because of the instabilities in price? Or I should buy and store? Over to you
It should be only your decision, if you say that it is too expensive for you to save and buy every month, then don't do it, each of us has expenses, most of us have families and children, and therefore everyone should proceed from his situation.If you can’t buy every month, then buy less often, let it be once every two months, or see and plan for yourself how it will be convenient for you. The same goes for when to stop buying and just hold, this should also be only your decision, bitcoin showed good growth in 2023, without significant corrections, I would also pay attention to this.
It will be a good idea to be buying Btc little by little and keeping it.You should invest the little you have after deducting all your needs from the salary nobody know when the bulls will return so it will be a wise things to only invest what you can afford to lose,It is one of the golden rule of investment.
If you look at your activity on the forum, we can conclude that you have free time. What if you set aside your free time for extra income? Now the network has job offers that people are willing to pay in bitcoin. You could keep all the money earned in Bitcoin, thereby not touching your basic salary, and at the same time be an investor.
I see that you regularly try to create topics; for sure, the hope of getting merit plays a motivational role for you. But if you see that your attempts at authoring new topics are in vain, maybe you should not waste time on this but go and look for additional income in what you do better.
Just think about your time.
I see that you regularly try to create topics; for sure, the hope of getting merit plays a motivational role for you. But if you see that your attempts at authoring new topics are in vain, maybe you should not waste time on this but go and look for additional income in what you do better.
Just think about your time.
I was thinking new kind of plan to buy bitcoin every month from my salary immediately my company paids me but I still have other responsibilities to carry with family so am skeptical about it especially now that the price has no direction. If can afford storing every month in a long run I may realizes half of bitcoin unit and that's a big achievement to buy but to you is funny because you have enough of it. So advise me on what to do! Should I hold on because of the instabilities in price? Or I should buy and store? Over to you
Investment is not something to be forced. Invest when you do have some of what you can save. especially for Bitcoin, if you allocate some of the money you receive from your company. try to be consistent. but of course, it doesn't interfere with the finances of your family. if you need more money for urgent needs. then you don't need to save it for Bitcoin. do it in the next month when indeed your finances are really good enough to invest again.
You do what you do, OP. I'd keep stacking if I were you, don't rush it, when you're able to take profit and limit your risk to minimum do it.
I feel calm and confident holding coins and stacking sats. If you don't, it may not be the investment for you.
ATH is of course big hope among traders and investors, but I would not advise them to expect it too soon when the halving hasn't happened yet. There is still plenty of time to prepare investment portfolio, so the sooner the better although they shouldn't ignored possible corrections.
It's funny how 4 months ago when people were asking about similar stuff the answers were much more bearish. At that time Op would get responses like:
Only invest if you can afford to lose
Wait for the bottom
Don't buy too much because it could go down again
Now people are again telling others to buy, stack, hodl and all that. Feels like 2019 all over again. Really I can tell you that Spring came and there was this fresh vibe in the air of people waking up from the 2018 bear market.
I feel calm and confident holding coins and stacking sats. If you don't, it may not be the investment for you.
I still advise you to buy more and save. But you should try to calculate in advance how much your routine expenses will be each month and you still have how much money you can use to buy bitcoins. If you already know how much money you still have left, you can start buying bitcoins at each price correction so that it will add to your bitcoin amount every month. And if you can save half a bitcoin, you can make a big profit on the next ATH if you end up selling bitcoins at that peak price.
It is a wise decision to pay attention to the availability of the budget before investing, of course this must be done so as not to interfere with other needs. Buying bitcoin now is not bad choice even though we know in the last 30 days the price has gone up 47%. Bitcoin is very likely to move forward after a year in the bearish zone, so it is time to buy and hold for long term investment plan.ATH is of course big hope among traders and investors, but I would not advise them to expect it too soon when the halving hasn't happened yet. There is still plenty of time to prepare investment portfolio, so the sooner the better although they shouldn't ignored possible corrections.
It's funny how 4 months ago when people were asking about similar stuff the answers were much more bearish. At that time Op would get responses like:
Only invest if you can afford to lose
Wait for the bottom
Don't buy too much because it could go down again
Now people are again telling others to buy, stack, hodl and all that. Feels like 2019 all over again. Really I can tell you that Spring came and there was this fresh vibe in the air of people waking up from the 2018 bear market.
Actually the investment depends on the income of individuals because if you cannot afford to invest then it will become hard for you to recover your money. If you have some money at the end of month from you salary that you do not use in daily expenses then surely Put that amount but if your salary is just enough for daily uses then I will advise not to do this because sometimes the price become low and you have the need to sell your bitcoin then you will face loss.
It is better to just buy once and hold for longer time because holding is better than selling at low price. Invest money but that part of money which is not for daily uses and you can save it for longer time.
It is better to just buy once and hold for longer time because holding is better than selling at low price. Invest money but that part of money which is not for daily uses and you can save it for longer time.
I still advise you to buy more and save. But you should try to calculate in advance how much your routine expenses will be each month and you still have how much money you can use to buy bitcoins. If you already know how much money you still have left, you can start buying bitcoins at each price correction so that it will add to your bitcoin amount every month. And if you can save half a bitcoin, you can make a big profit on the next ATH if you end up selling bitcoins at that peak price.
It is a wise decision to pay attention to the availability of the budget before investing, of course this must be done so as not to interfere with other needs. Buying bitcoin now is not bad choice even though we know in the last 30 days the price has gone up 47%. Bitcoin is very likely to move forward after a year in the bearish zone, so it is time to buy and hold for long term investment plan.ATH is of course big hope among traders and investors, but I would not advise them to expect it too soon when the halving hasn't happened yet. There is still plenty of time to prepare investment portfolio, so the sooner the better although they shouldn't ignored possible corrections.
I still advise you to buy more and save. But you should try to calculate in advance how much your routine expenses will be each month and you still have how much money you can use to buy bitcoins. If you already know how much money you still have left, you can start buying bitcoins at each price correction so that it will add to your bitcoin amount every month. And if you can save half a bitcoin, you can make a big profit on the next ATH if you end up selling bitcoins at that peak price.
I was thinking new kind of plan to buy bitcoin every month from my salary immediately my company paids me but I still have other responsibilities to carry with family so am skeptical about it especially now that the price has no direction. If can afford storing every month in a long run I may realizes half of bitcoin unit and that's a big achievement to buy but to you is funny because you have enough of it. So advise me on what to do! Should I hold on because of the instabilities in price? Or I should buy and store? Over to you
First, I don't know how much you earn and spend each month from that salary and how much you can save as an investment budget. If you can save 20% of your total income then I hope you can invest 15% of it into bitcoin with some strategy. DCA is best if you are too unsure about price direction, but it really depends on your investment plan.Bitcoin is still -56% from its last ATH, which means this is the right time to start investing. But in any case, you have to adapt the purchase to your plan because it is the best for you even if you have found good advice. Besides, you don't need to take my advice and that of other users as financial advice, meaning you have to make wise decision based on your own analysis.
Jump to: