Topic: Would it be enough to buy 100 dollars worth of Bitcoin every month? - page 2. (Read 1100 times)

I think there is no specific amount required to invest in Bitcoin because you can invest any amount you want to invest in Bitcoin.
You get an allowance of $100 per month from your father and you are investing it directly in Bitcoin instead of spending it on other things.If you invest $100 per month you will have $1200 worth of bitcoins at the end of the year I think that is enough.
This way you accumulate bitcoins and hold them for a long time.Try to keep your invested bitcoins safe and secure.

If the $100 allowance you get each month is not used for other needs, you can invest consistently as long as you get the allowance. As long as you still have emergency funds for personal needs or unexpected needs during your studies, you can invest safely without having to touch them at any time.

Before going any further in investing, in-depth consideration is needed, such as sources of emergency funds for unexpected needs. Currently you can still use your father's credit card for daily needs, so what if your father's credit card is empty or he is unable to facilitate you with his credit card?

Maybe you can invest varying amounts each month, such as buying $100 in the first month and $50 or $60 in the second month, and so on. The remaining money can be used as reserve money so as not to disrupt your investment when you suddenly need money.

Considering that it's about 1.2k USD for a year, I think that it's enough especially if this is going to continue when the bearish season happens, bitcoin will definitely enter that season after about months of climbing up in prices so I say that you're doing just fine. I feel like you're overthinking things and it seems to me that you can afford to not worry about it since it comes from your father anyways. You're better off finding other ways to make money to supplement or increase the amount of bitcoin that you're going to put monthly in your wallet.

That is totally fine there is no minimum to buy bitcoin even some Bitcoin exchanges and App out there put an ad that says "buy bitcoin from a dollar" so that is totally fine if you buy 100 or even 1$.

and yep the halving is coming keep stacking em boyssss. Me personally buy bitcoin or altcoin when there is money left example if there is 20$ or even 5$ Im just gonna buy it right away.

why not sure for specification of time in holding? since you said that there is a 100 dollars allowance and you are readying for college?
should put the specific months at least if its for 2 years and indeed that 100 dollars a month is already a great investment for college , and if you have that funds so make sure to be invested regularly and will not pass.

I believe the more important thing is to be consistent about buying bitcoin monthly. DCA is very important to acumulate more btc, no matter the amount of money you will spend on your savings.

I think this is enough for someone who is not that rich, to begin with, because this is a huge chunk of his salary anyway. People are investing depending on their source of income, they just want to make everything smoothly. Others are just risk takers, they know that there is a tendency that they won't gonna get their capital back sooner than they expected but they decide to take it the hard way by selling expensive properties or they even take loans just for investing in bitcoins. well, this is too risky and not recommended.

Your Bitcoin purchase strategy is smart personal finance. Matching investments to financial capabilities and risk tolerance is key. Disciplined investing in $100 of Bitcoin monthly is admirable. We forget that investment is about small, regular steps, not spectacular gestures. Like DCA, your strategy lowers volatility. This is wise, especially in the unpredictable world of cryptocurrencies.

Your warning regarding the user borrowing from the bank to invest is crucial. Their joyful ending is rare. Bitcoin is volatile, so borrowing to invest can backfire. Your emphasis on investing disposable income is spot-on. Finding that balance between investing enough to make a difference and without disrupting your finances is key.

Be consistent with your buying which is all that matters. What you have determines what you can invest as fingers are not equal.

I personally may not determine how much I should buy bitcoin each month. But every month buying $100Usd in bitcoin I think is a pretty good thing. And I think that's a pretty big number even for some people. Because in essence we only have to buy the amount that suits our abilities. And never force yourself. Because holding bitcoin for the long term certainly requires using money that we will not use in the near future. So that we can remain calm when holding bitcoin as long as possible. Although I also saw a few months ago there was a user here who was even determined to buy bitcoin from the money he got from borrowing from the bank. But fortunately, if he really does so, he should now be able to pay off his loan to the bank by selling some of the bitcoins he owns and keeping the rest for the long term. Because at that time he probably bought it when the price of bitcoin was 20k. I don't remember for sure. But I think even in the end the person benefits. But I hope other people don't do something so risky like taking out a loan from a bank. Because it's too risky. It's better to just accumulate as much as we can. If we are only able to accumulate $100usd per month then I think that is the best. As long as the money really won't be used in the near future.

The point is to invest in as much bitcoin as you can afford and be ready in case of loss. because investing in bitcoin certainly has risks. So don't force yourself to buy as many Bitcoins as possible but are afraid of losing.

If you can only afford $100, stick to a strategy that you believe in by buying every month. If we talk about enough or not enough, of course buying Bitcoin doesn't feel like enough, because the more you buy, the better it will be when there is a bullish situation. This is the advantage of dca, even though we don't have a lot of money to buy bitcoin, we can buy bitcoin gradually and as much as we can so that when we accumulate a lot of bitcoin.

If you had good income then it is good for you to invest 100$ everymonth not only in bitcoin there's alternative way on how you can invest your money altcoin is the best too, theres a lot this one thing for your don't put all your money in one basket think outside the box and you will be good as long as you can hold it tho then your fine , coz everybody knows that cryptocurrency is the future so why not we can invest ahead of time.

Starting to invest is not something that everyone can do, because it requires preparation to be able to invest consistently and by starting with an amount that we can afford, we will indeed be able to enjoy the results we invest and this will be much better than if we force ourselves. to be able to make an investment and we cannot meet the needs we need, this is really a very bad thing for us and also we will not be able to get a profit because when we are investing in progress and experiencing emergency needs of course we will take the investment and also There is a possibility that we will experience losses in the investments we make, so it would be better for us to invest according to what we have and never force ourselves to invest.

I agree with this, although bitcoin is a potential investment, it is not the only path to help us succeed. And between learning and investing in bitcoin, I think learning is more important and needs more attention because if we study hard and gain good knowledge, we will have the opportunity to have high income and also have a successful life even more than investing in bitcoin. I have the feeling that many people are so obsessed with bitcoin and get-rich-quick stories from bitcoin that they forget what their mission is. Studying is very important for young people and students, or family needs are much more important than investing in bitcoin, but many people forget this.

It's commendable that you're investing in Bitcoin with your allowance! Remember, financial journeys vary, and starting with what you can afford is key. Consistency matters more than the amount. Even small investments can accumulate over time. The crypto market has its ups and downs; focus on the long term. Set realistic goals and don't compare your journey to others. If $100 a month is what you can comfortably invest, that's a solid start. Stay informed, adapt your strategy as needed, and most importantly, prioritize your education. The crypto space will continue evolving, offering opportunities. 🚀📚

It's not a bad idea, but make sure you take care of yourself when investing, don't invest everything you are having, always invest any amount you know you can afford to lose, and make sure you are always having backups and always have extra money that will always serve as emergency money. In case there is any unforeseen circumstance for which you will need money, you won't be selling your bitcoin for that.

If you want to listen to what is being said by people on the internet, then you will always feel bad. When investing, always invest what you can afford to lose, don't invest what's going to affect you after investing. Don't be surprised that most of the people you think are investing on social media are not holding any bitcoin. Most of those videos you see when they claim they are accumulating a huge amount of bitcoin or they have accumulated a huge amount of bitcoin are fake. So you should be proud of yourself even with the little amount you think you are able to accumulate monthly, and I don't think investing $100 monthly is kind of small or that's why you should be ashamed of yourself. No amount of bitcoin you are holding is too small, just make sure you are holding bitcoin.

All fingers are not equal, and you don't expect all of us to have equal bitcoin. Definitely, there will be some people who will be financially okay to accumulate more bitcoin, and some won't be able to accumulate much bitcoin due to their financial challenges, so just focus on yourself and ignore other people. What you should care about is your own investment and not others.

Everyone gets the same opportunities with bitcoin, but if you invest in bitcoin consistently regardless of the amount, you will definitely have an edge over other investors. But let's not think about it because there's no competition with bitcoin profits. However, being a student investor, I feel like you need to prioritize your studies first before you decide to take the risk investing your allowance. There is no guaranteed profits with bitcoin, so you have to be aware on that before you expect quick and massive profits from Bitcoin.

But if you insist investing, then buying monthly with $100 is better than not investing at all. But always bear in mind that you have to hold it for long term before you see yourself enjoying your profits in the future.

I always say just invest what you can, don't overextend yourself. It all adds up in time! You're ahead of the curve IMHO already at your age with BTC, OP.

I agree with this advice because the OP may be making the wrong moves to invest. We have all had times when we wanted to invest but couldn't. To change this situation, it would make more sense to start investing after we have a regular income and have met the needs of ourselves and our family.

Bitcoin always offers an investment opportunity, I think it's never too late for Bitcoin, and the crypto market will never stop moving. Investment should be made with the right moves under the right conditions and should not be rushed.

My advice as someone older than you, don't force your will to invest in Bitcoin. Your father gives you $100 of allowance so you can use it for your needs, not for investment. You already get an allowance, but you still use your father's credit card for your expenses just to invest in Bitcoin, I'm sure your parents' reaction will not be good. So instead of that being a problem, it's better for you to focus on your studies and not think too much about investing in Bitcoin.