I am away from my home working in an office and it is hard to manage both work and house at the same time for me as i came late from office. So most of the time I order food online say 3-4 times in week and was happy with that until the point i realised that i was wasting lot of money on junk food. So i decided to have my future plans as i was already investing in bitcoin so i decided to reduce my weekly budget for ordering online food and decided to invest that money into bitcoin despite the prices and just go on investing till the time being. But i made a plan that every time i would add on the fixed budget of $10 extra to btc investment and from next month increased my intial investment by $10 also.For example say my weekly budget or food expenditure was $40-$50 weekly on my 3-4 order i would reduce it to half and say invest $25 weekly and next week it would be turned to $35.Along with this I was also planning to buy some gaming stuff for my time pass but i dropped that idea for the same reason and decided that i would keep on investing in bitcoin only not any other altcoin also .So this was my plan and investment was done every week.
1st Month InvestmentsWeek Investment Bitcoin aqquired At price
Week 1: $25 0.0005 $49150.53
Week 2: $35 0.00094 $37002.44
Week 3: $45 0.00114 $39294.20
Week 4: $55 0.00147 $37575.18
Total 1
st month bitcoin investment in my portfolio stood at : $160
How much btc were bought: 0.00405
2nd Month InvestmentsWeek Investment Bitcoin aqquired At price
Week 1: $35 0.00093 $37345.12
Week 2: $45 0.00117 $38347.06
Week 3: $55 0.00163 $33723.03
Week 4: $65 0.00185 $35040.84
Total 2
nd month bitcoin investment in my portfolio stood at : : $200
How many btc were bought: 0.00558
Total Bitcoins aqquired with $360 = 0.00963 I have doing this from past two months now and planning it to carry on for long time as i know that my returns will be high in long run and my wasting that money on my food items would have given me happiness and relaxation for few time but this investment at this time would be long lasting and give me pleasure and joy for lifetime. So I decided to compromise my that things for bitcoin investments as it will surely have more value in future when every other assest will be depreciated with inflation but my this investment will prove worthy at that time.
Speaking frankly I was happy at this dip as i was getting big share at small prices and they don't even matter for me because i was not into trading and my sole motive was to invest and hold for long time no matter what the prices are and will be.I have decided to follow this plan for atleast 6 months and will keep posting the updates on this thread. So i am constantly reducing my miscellaneous expenses and allocating that funds towards bitcoin and i will not panic with any price dumps and afford to loose that money(but it will not happen as i am optimistic) and will hold that coins until i need to use them.Till then my 6 months chart is on for investments
yes , I appreciate your article, you are a logical and smart investor, why do I say that because the rich get richer and the poor get poorer, the rich get richer? they always know how to save money as well as time for them all with a clear plan in a logical way, I always appreciate people like you and what you share as something that makes How should I rethink my investment?