Topic: Weekly income should keep bitcoin investment! - page 3. (Read 891 times)

It is good to be aggressive when investing into Bitcoin but is not by over doing it in such a way that it will affect your personal living if there is another source of income apart from that $40 weekly pay I will advise not to use $10 for into your  Bitcoin investment so that you may not be tempted to sell out your Bitcoin hodling when emergency arose I will advise to invest $5 and also Bitcoin investment is not all about investing 25% of your weekly payment, you also need to set aside your emergency, reserve, and float fund readily available also make sure your discretionary income is also made available so you won't run out lost by selling out when it is not due.

Well, you are right. There's a bad and a good way of investment ofcourse. But I am a type of human who isn't actually bent by a particular way of doing things.
I have a type of believe that goes thus;
Don't think much about your life;
When you are seek, you go meet the doctor;
When the medication fails you die;
And that is the right way of life.
Invest, when you are at the tight corner, sell your investment and bail yourself. Then you can start investing again and life goes one.

Before you invest in bitcoin you should remember the risk that is attached to it, and also you should look at your expenses before investing. You should not invest and come be suffering looking for financial help when the market is down now.

You may think investing $10 from $40 is a nice idea and will be something easy to do, but seriously, not as you think, not everyone will be able to do that. Many people have been wishing to invest but cannot take the risk in the investment. Invest what you can afford to lose. If you want to invest weekly, DCA should be the best method you could use. 

If he has no emergency funds in place, he can be building it up gradually along side his investment, so that when any emergency arises in the future he wont have to depend on his portfolio. His level of aggressiveness is not bad, it is in a moderate level. The 25% is really sustainable. It could also be that he is still a young man who still depends on his parents to have some of his needs met. Even if he doesn't depend on his parents for some of his needs he can still sustain the investment. Someone investing $10 from his pay of $40 is playing safe enough. The only thing he has to do is to make sure he have other sources of income. He shouldn't just depend on the pay he is getting from signature campaign.

OP, the way you talk about investing can be called the DCA method. Actually you mentioned investing 25% of weekly salary, now not everyone can afford to lose that amount. We know the Bitcoin market is volatile, so don't invest more than you can afford to lose. Now everyone earns on a weekly basis? Many earn monthly income. Now you said market will be good in 2025, should not invest in that perspective. We should always plan to hold Bitcoin for a long time and have the ability to hold it for a long time. If you can hold Bitcoin for a long time then you can definitely profit. Finally try to invest what you can afford to lose.

I'm quite curious on how you knew that the global economy will be good next year. I mean I would love to see it happening, but right now, there are no signs that it will happen.

Anyway, your advice or whatever advice anybody is sharing here is highly appreciated and I always believe that these types of advice can still help at least 1 or 2 newbies out there that wants to learn. As for what you've said OP, I've been doing this on a monthly basis but unfortunately, financial problem struck me at least for most of this year hence, I didn't invest into Bitcoin in some months. As for reducing financial risk, yes, it's possible, but still, we need to have financial literacy that would help us along the way so that we will reduce our chances of losing. Investing right away without proper knowledge into Bitcoin will lead to losses. I've seen many of them, and I hope no one will experience the same.

Just to add, if we all have spare money that we aren't using or at least we are spending it into something that it isn't important to us then maybe... just maybe we can put it into investing not only on Bitcoin, but maybe on other asset classes as well.

I agree with the weekly Bitcoin deposit strategy. This method of depositing Bitcoin can be very effective for people with relatively low incomes, which can be a great combination with a long-term deposit strategy. Through previous Bitcoin market analysis, we can see that it was through price volatility that it was able to reach today's extraordinary heights, which is benefiting every long-term investor. If you adopt a weekly Bitcoin deposit strategy and if it tends to run multiple cycles of 4-10 years, it can take you to a point where you can be very high in proportion to your low income.

Op You should remember that short term strategies are more likely to not be profitable for you through investing so you should not plan to invest until 2025 but rather make up your mind to deposit Bitcoin for more than two cycles so that there is a bright possibility of getting high profits with high stash.

Investment in Bitcoin is promising to give better ROI than keep your money in bank account or in bank saving with very low interest rate. Therefore using part of your income, after reserve main income part for other necessary spending will be wise individual financial management.

I would like to note one big similarity between keeping your fund in a bank account and in a centralized exchange account. If you do this, you don't control your fund because both commercial banks and centralized exchanges never give you private keys to access your fund. You must get their approvals for fund withdrawals so investment in Bitcoin is good, but not enough.

Make sure you store bitcoin in non custodial wallets with good back up methods and several usable backups.

[Guide] How to back up a seed phrase?

That amount is a little big in a country like mine; in fact, if converted to my local currency, it’s above our minimum wage earning that weekly can be considered a big amount even as the price of things is on the higher level.
 
As long as that’s what they can earn for the main time, I also support the motion of investing that little. If the OP can cope with the balance of $30 weekly, if he or she removes the $10, it’s better to invest it in bitcoin than save it in a bank account. 

You’ve a very good point and it is indisputable that bitcoin will give a a lot of financial returns in the future when invested in early. 2025 will soon be upon us and a lot of anticipation has been hovering around on what bitcoin will tend to achieve in this coming year. The bitcoin cycle is incomplete without the bull run happening and as we’re yet to witness it and already at the end of the year, next year is most anticipated for bitcoin to have very big returns for early investors. Bitcoin can be invested into at anytime and a lot of people still hope they’d hop in before we even came close to this bull cycle. But nevertheless, it’s not too late.


You may be right in this but not totally right. This will still depend on your expenditure that you’re using the money for. If the $40 per week is not enough to cover for that expenditure, it’s not advisable to spare some parts in bitcoin investment. When investing in bitcoin, it’s very important not to overly depend on one source only to keep those spare money into bitcoin. Anything can happen and when they stop coming and you need money for expenses, you’ll be tempted to touch from your bitcoin investment which will definitely obstruct the plan of keeping it for the long term before spending them at a profitable range.

$40 weekly income and investing $10 is about 25% which might be too big for some investors especially those newly joining the industry.

25% mightn't be too big for some investors but considering you're earning only $40 and there's no extra source that you get money from, don't do more than 10% so you always have money for taking care of other necessity.

You don't necessary have to invest well as you can en saving the money up untill oy gets to am amount that you can sue to buy Bitcoin and hodl. While we talk about investing, we should also consider having emergency funds available at all time or our investment will all be a waste as we won't allow them to matured but sell them prematurely because of cash problems that we didn't expect.

This step is indeed better than making a purchase once once every two months or as MSTR does, especially for people who have weekly income, even when I work to get a monthly salary I always divide investment funds within one month into 4 parts , for purchasing every week and to this day it is very safer.
In the conclusion, the conclusion is not how much you keep money in Bitcoin, but how routine we keep money in Bitcoin, it is more productive, especially for people whose salaries are still general standards.

You can save part of your income ($10 per $40, means 25% of your income) for investment in Bitcoin. But one thing to note, with $10 weekly you can not invest it directly every week because $10 is too small capital and it is like a minimal buy order value on many exchanges. Even they allow you to set up a buy order with $10, I recommend you to do it every 4 weeks, monthly investment, with $40 each month. This will help you to save more from trading fee and withdrawal fee from centralized exchange account to your non custodial wallet.

For example: Trading fee and withdrawal fee, min withdrawal on Binance exchange.
https://www.binance.com/en/fee/trading
https://www.binance.com/en/fee/cryptoFee

$40 monthly DCA last 3 years. I choose last 3 years for example of a DCA investment starts in a bear market to show you a good ROI of this investment method and if you can hold through bearish years.
https://dcabtc.com?sd=2021-10-27&sda=3_years&f=monthly&d=3_years&ac=4000&c=false

Definitely not a problem, but it's not effective.

If you only invest $10 per week and you're believe you will get $10K after 5 years, it looks unrealistic. You're need to get a job that pays more than $40 per month, if you earn $100 per month, you can invest $60, the more you make, the more you invest.

Investing doesn't make you rich if you not earn much.

It would be helpful if someone has a fixed amount of money they can invest in Bitcoin on a weekly or monthly basis, depending on when they get paid. This fixed amount should be money that, once invested, will not affect them negatively in any way. If someone feels that their income whether wages or salary is not sustainable enough to meet their basic needs, it is better not to have a fixed amount dedicated to Bitcoin investment. Otherwise, they may end up selling it later, possibly at a loss due to Bitcoin’s volatile nature, because they need the money.It is always better to remain cautious and avoid investing in Bitcoin when we know we are struggling to support ourselves financially. I have seen people who, despite their financial struggles, try to be strategic by investing. However, within a short period, they end up selling it because they are not financially stable; it’s as if they are using money meant for the short term.

Needs are indeed an obstacle for a maxi to have as much bitcoin as possible, it makes someone who believes in bitcoin have to cancel their crazy intentions. But as long as it continues to accumulate, even if it is 5%, 10%, 15% or whatever percentage of income, i think it will not be a problem. One day it will be multiplied from FIAT's side, it's just a matter of time.

Investing in bitcoin should start with a limited investment like op said $10 dollar which is very small amount if an investor can start and keep depositing it can increase his chances of getting a lot of profit in future. Those who have invested in Bitcoin in the past are much more lucky and more fortunate than those who have holdings from 5-10 years ago still intact and if they can hold until 2025 or $100k then they have the potential to make huge profits. more.

Others are taking this literally about the amount. It's not the amount but the consistency of doing the DCA strategy which he's right with.

Twice a year or not, as long as you're trying your best to add some BTC on your stack. You are doing better than of those that don't.

Investors who actually invested on Bitcoin long ago especially when it was formally disregarded where only ahead of todays investors with the difference that they were able to acquire large quantities of Bitcoin with little amounts of money as a matter of fact... Bitcoin was of less valued and low consensus then it was earlier introduced.

Time after time as it began to gain valuable shape so enthusiasts gets attracted of its adaptions grows increasingly despite the higher increase of its value getting it more expensive to be acquired unlike before due to Bitcoin potentials valuable advancements.

Perhaps enthusiasts who have find it uneasy to acquire their Bitcoin for future assets has adapted to gradually purchasing of their Bitcoin holding using the DCA strategies to maximize their assets.

well, it's not as though he's going to luck it 100% in the first place and never touch it again once he invests. If along the line he can't cope with his investment, it's not a do or die affair, you can always exit though you might be selling at loss for lack of proper planning.

25% is quite high for a beginner who's earning the range of $40 per month.  By the time you've spent $10 on Bitcoin, the rest won't stand to serve all your needs. For someone in this class, it's going to be hard for him to set out a portion for emergency fund because his earning isn't enough to meet most of his needs. There's always the option of trying to build your financial ability first off before building your Bitcoin portfolio. If you've worked on getting income streams that's enough to meet up your needs and also remain some excess funds, you can comfortably use up to that 25% or above as your Bitcoin investment allocation.