You can do anything after the family needs are sufficient from the monthly salary, you can convert the rest into bitcoin gradually. Your plans are very good for the future, keeping Bitcoins for the long term will give you multiple profits. Don't even think about selling it when the bears come because it's only temporary, after that you will see the bulls which makes the market green again.
Topic: Do you still advised more buy and store? - page 15. (Read 2191 times)
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
If you've spare cash that won't conflict with your responsibility to your family, please buy all you can. Also, remember that we're heading into a bull season because of the Bitcoin halving that's drawing near us in 2024. So, you should be looking at a long term investment when buying it if you're to enjoy your actions. Your fear of price instabilities shouldn't be a thing to worry about. Nothing in the market stays steady in terms of price. If it does it will be very boring to invest in. If you can, do a DCA on Bitcoin and gradually build up your hodling. 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 increased since the beginning of this month and now selling at $30,+++ , you have to consider your investment power and know your priority with to your family which is also important because if you invest now with the upkeep of your family and expecting to get it back within shortest time like few months, that will not work since halving is still next year. So it is still left for you to compare your choices but the price of bitcoin is still good for DCA.
that's why only use cold money that you won't use for years. or even we are ready to lose. and when I have other more important needs such as for my family. so I sometimes pause my accumulations and first prioritize meeting the more pressing needs of the family.
I prefer not to rush and accumulate in a relaxed manner without pressure. because this is for the long term so we also prepare the planning carefully and full of calculations.
all decisions are in the hands of each of us.
I prefer not to rush and accumulate in a relaxed manner without pressure. because this is for the long term so we also prepare the planning carefully and full of calculations.
all decisions are in the hands of each of us.
Yes, not everyone can be like you. They have different comforts and thoughts. So basically everything is adjusted to everyone's ability. But I agree with you, and I do that too. My top priority is family, so if I really need money and don't have any at all then I will take some of my BTC. Although I did try to keep it.
So indeed the best idea is to determine the priority scale. You don't have to make your family suffer to fulfill your desire to own BTC.
As for restraint, I can indeed advise some people to hold back. But of course there are criteria that I determine. Not all coins can be held because not all of them are able to hold and get profit.
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
In your case all you need to do is financial management like 70:30 or 80:20 which means no matter how much you're earning make sure 20 to 30% of it goes for long term investments to achieve you can cut off your unnecessary expenses. To do this make your own budget and write down what are the things you can cut down and also look for ways to earn more since we are in internet era you can monetize your skills with freelancing websites. 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
You should divide your salary, first is to your family needs, daily needs and second for bitcoin. Just save the part of bitcoin and when bitcoin is dropping try to buy bitcoin in what you divide in your sallary. Best option is wait 'til the markets drop before you buy because if you buy when the bitcoin is green and buy again in the next month, you will lose some money. Don't rush yourself in investing, give time to your family and wait for the bitcoin's drop and buy it.
Your family first dude, cos I believe that's your major priorities but if you have spare cash you can buy but from the look of things don't expect any increase for now and at times even the money you use in storing might still disappeared because of the price situation. So the steps you wants to take is very nice one but I love were you mentioned your family, you're a good person. Please take your time to plan how to go out it but don't let it pressures you instead face one you can do per time.
Yes bro family first but you still need to save money for future, if you buy some unnesessary things your life will not improve. Try to divide, save and invest. Don't rush things and understand what you're planning
You can also try to take advantage of your investment and kill your bad habits like smoking and drinking alcohol instead you gonna use that funds to buy bitcoins and you surely won't gonna lose with that method. Because you are like hitting two birds with one stone, you can get away with your addictions and also you have a chance to become a millionaire in the process when you want to hold it for the long term. Not only that, I know there are some bad habits that you need to avoid and you spend money with them, if you can only instead spend it on buying bitcoins it would be best for you.
You do not buy bitcoin utilizing a part of your compensation planned for your family. When you invest, there are always risks, and bitcoin is no exception. Consider the consequences for you and your family if bitcoin crashes. Keep in mind what you already said about the fluctuating price of bitcoin. Make a well thought plan and buy bitcoin from part of your savings. You can do it every month or in any other time frame that works for your status. Every satoshi counts because only few wealthy individuals can afford to buy bitcoin in full units. Using only a part of your savings can keep holding your bitcoin for a long time without having to sell it in case of an urgent need.
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 depends on your personal investment strategy. Holding on to Bitcoin during times of instability can be nerve-wracking, but it can also pay off in the long run if the price eventually rises. If you do decide to buy Bitcoin, using a dollar cost averaging strategy can help mitigate the risk of volatility. By purchasing small amounts at regular intervals, you can avoid investing a large sum of money at once and potentially suffering a significant loss if the price drops.
After all, investing in Bitcoin can be a tricky decision, especially with all the price fluctuations going on. It's up to you to decide whether you want to hold on tight and wait for the price to go up, or take the plunge.
Yeah, I still advise people to buy if they have an amount to spare. Keep stacking Sats. Keep saving money in Bitcoin.
The price right now is around $30,000. That's still a good bargain price I think. That's far from the $20,000 price exactly a month ago, but you need to look further. You need to look beyond the small rise that the price just had. One day, you will look back to this day and realize that $30,000 is indeed a buying opportunity.
My advice is a little bit different from yours, Bitcoin has reached a certain high level that new holders should be careful of. Not that the coin will still not rise, it will reach the mood as a matter of fact, yet we have to be wise, be managerial and plan our investment at best. Buying at lower levels is the best and I can't encourage buying at over $30,000 (current price) in which the coin had moved about x2 of the price it was in the last 6 months.The price right now is around $30,000. That's still a good bargain price I think. That's far from the $20,000 price exactly a month ago, but you need to look further. You need to look beyond the small rise that the price just had. One day, you will look back to this day and realize that $30,000 is indeed a buying opportunity.
I already have a substantial amount in the coin at lower levels, and I will wait till it has a meaningful retracement before adding to them. This might take months, but I don't care, I will maintain my stance of investing at a lower price, or else I will not invest at all.
If I can advise you, I would say you should invest on Bitcoin now as the price is still low and trying to retrace back to forma price, so is actually good to invest now but make sure to understand investment risk.
Should I hold on because of the instabilities in price? Or I should buy and store? Over to you
Bitcoin price volatility should not be a barrier to purchasing Bitcoin because you have been holding it for a long time; however, given that you have some family issues to resolve, I will advise you to wait until you are completely settled with your family issues before resuming 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.
That's hard decision to think about since this could affect the financial status of your family so if you are not really ready to take the risk since your money is just enough to buy your daily needs then don't gamble your faith on risky matters because you might end up hungry when you lose your money if market dumps so bad.
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
Actually setting up some target amount to store in the timeline you set is really great. Don't think about what other could think about your holdings since as long as you think it will be beneficial to you then go for it. Its just just make sure you didn't lose all your hard earned money so that you cannot get badly affected financially while you are buying some bitcoins on monthly basis.
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
If i may ask you, don't you have a plan how you structure your monthly salary as you are being paid?
For instance, you may decides to share your income into 4 parts and use a part of it to invest in bitcoin or even using 2 part of it to invest because to me i don't see any reason leaving my salary in our local currency since inflation is really taking over everything which may likely results in not having any value but with bitcoin your value maintain though is also volatile but is more secured.
Yeah, I still advise people to buy if they have an amount to spare. Keep stacking Sats. Keep saving money in Bitcoin.
The price right now is around $30,000. That's still a good bargain price I think. That's far from the $20,000 price exactly a month ago, but you need to look further. You need to look beyond the small rise that the price just had. One day, you will look back to this day and realize that $30,000 is indeed a buying opportunity.
The price right now is around $30,000. That's still a good bargain price I think. That's far from the $20,000 price exactly a month ago, but you need to look further. You need to look beyond the small rise that the price just had. One day, you will look back to this day and realize that $30,000 is indeed a buying opportunity.
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
then don't do it. only invest what you can afford to lose. Your family's financial stability is more important than investing in Bitcoin which may or may not gain profits in the long run, but if still insist on wanting to invest, what Learn Bitcoin posted would be your best choice. The best method ever is DCA. Start Doing DCA with whatever you can afford to lose. Let's say you can buy $10 a week. Go on. The price was never stable, and it won't be stable. If you can invest $50 a week, Start Accumulating from this week. But, If your income is meager and you can afford as low as $10 a week. I would advise gathering them and buying $40-$50 monthly. It will reduce the fee for the transaction.
Good advice, I don't recommend buying as low as 10$ worth of coins every week and withdrawing them to your wallet, it's a waste of gas fee, also I won't recommend leaving the 10$ worth of coins on an exchange, thinking that every month ending you will withdraw the worth 40$ worth of coin back to your wallet, centralized exchanges are not reliable, anything can happen to them at any time. Your coins are a lot safer in your private crypto wallet, gather or save the whole 40$ per month before buying coins on the exchange and move them out ASAP.
and at times even the money you use in storing might still disappeared because of the price situation.
That's not possible when you invest in Bitcoin, quite a lot of altcoins plunge and go extinct after one invests in them, but if you buy Bitcoin there's no way your funds can 'disappear', it might only plunge temporarily and you don't lose until you sell, thus as long as you are ready to hodl for the long term, it is definitely going to appreciate in price again, and that's because Bitcoin has an actual utility which makes it impossible for it to go extinct. 
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
I hope you know that the well-being of your household should be your main priority. If your income is less than or equal to the amount you need to make them comfortable, just focus on them. Opportunities to invest will always be available. Investment is good but you won't subject your family to suffering because you want to invest in Bitcoin. You can also observe areas in your expenses that can be reduced or cut to make you have little savings. Seeking another means of income like taking a side hustle or starting a business that will not affect your full-time job might be helpful. As your increase your rank on the forum, you can earn Bitcoin through signature campaigns or winning competitions.
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.
I think you need still to priority what you should pay off first before investing it on something like bitcoin. You couldnt afford to lose more since you have responsibility. If you really wanted to invest then you could set aside only a little of your extra but doesnt compromise your other financial duties.Price for bitcoin is volatile and even its up now, its not predictable and could also go down the least we expect it.
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