Topic: Would it be enough to buy 100 dollars worth of Bitcoin every month? - page 4. (Read 1100 times)

If you are able to do this being a student or something that you are still studying then it wont really be that a bad thing for you to have that $100 purchase on every month and this is something more better
rather than on having no action or step that had been made comparing into those people who didnt invest but of course you should really be that wary on the risks involved when dealing up with Bitcoin or crypto as a whole.
Dont expect for something positive because everything could happen on this space on which it would be neither a profitable or non profitable kind of investment but since we are talking about Bitcoin
then i cant really blame out on why people would be having that confidence and trust.

There's no such thing about being enough or not, as long you are investing on the money or fund on which you can afford to lose then it would really be just that fine.
Dont try out to compare yourself with others because when it comes to financial capacity then it would really be not just the same. So its better not to reflect yourself
into others actions and financial conditions. You would really just stressing out yourself.

OP, if you are comfortable with that amount then go ahead and do what you want to do. If you ask me, it's all up to you to decide in how much you are going to spend per month either you do 100/month, 50/month, 150/month or 200/month. Just make sure you still have some money left to spend on your needs or something like that or for emergencies.

True, the amount on how much we can invest is different and I know you know what I mean since we are not using one single fiat currency to begin with. For some people, $100 a month is almost the same amount as their salary in their own fiat currency for two weeks. To be honest, that amount of money can provide me food for a week or more (well, it's because of price getting higher unlike before where the goods sold in my country is cheaper than this time).

The students who started to trade into the bitcoin won’t have the full hundred dollar to inverse in the bitcoin for every month.Because as we know many of the students working in part time to manage their college fees.If you consider the student,this task is not the easy one for them,this option may suit to the working people.The students only get the pocket money from their father,So how he will use this option to save 100$ in bitcoin of every month.It will be the day dream for the students,this was the reason for many students get into the forum at the earliest time.By saving hundred dollars in bitcoin by the salary person,it will be the emergency money for them in some of his emergency time in real life.

Holding bitcoins will not make you rich, sorry, it's a digital currency aimed at decentralization and freedom not getting rich. In order to get rich you must create value in the physical world. Good luck !

Yes you can, and I guarantee you that time will come that your faith in Bitcoin will pay off soon. It's a huge sacrifices to invest all your allowance in Bitcoin because it's not common thing to people to do this kind of stuff, usually they put only a small sum of their money in Bitcoin. Even though Bitcoin is a good investment, knowledge is a must so don't just invest but also invest in knowledge. It would be better if you know how to analyze the market because it maximizes your profit potential like invest only in a key levels where the price will retrace.

You shouldn't compare yourself to others, focus on yourself. Buying $100 worth of bitcoin a month is better than not buying a single penny of it. You are too worried because you feel it is small, but you don't think that there is a person who is buying Bitcoin for only $10 per month, as that is all he can afford. You are still not late, buddy. You are still on time for the ride. Just think in a positive way and not negatively. Just imagine that you have a chance to invest bitcoin, but others do not as they do not have money.

Sure, this is called DCA investing and what most people do. Long term is the way. You shouldn’t try to time or trade bitcoin. Time in the market beats timing it and if you hold long enough you will never be at a loss, only profits.

Even 50 USD a month for last 9 years would be $5,400 invested by now.

I'm not sure if student is easier to get stressed that old one? because students mostly love to explore and love risks so actually What I do believe is that it will gradually add interest to them having this investment as a challenge .
and like what you said , than investing or depositing in banks why not these young generation create their crypto wallet and start investing in bitcoin?

Well, mate the strategy i.e. investing $100 per month is quite good and as a beginner is more awesome for you. Every person has their plan of investing like some people investing more than $100 per month in Bitcoin but these persons are not newbies they are the professionals who they handle this investment. The expert of crypto industry says that invest only the money that you can afford to lose. According to you your father support your basic need then I think you can invest the whole $100 but if your expenses is too high then reduce your investment or your needs but one thing to follow that do it consistently every month so when the bull run comes you will have a huge investment.

Not bad ideas purchasing $100 to buy bitcoin every month, regarding with your financial condition depend your father I think you brave for saving money with investing in bitcoin. Better you can find side job in online when have space time before going to the college how to increase amount for purchasing above $200 to $500 every month to buy bitcoin. For beginner or new comer in bitcoin investment I think huge amount with $100 every month but if you can get side job all your salary can use for investing in bitcoin.

I think small or bigger amount for investing in bitcoin is not much problem but some one keep consistency every month keep purchasing to buy bitcoin is very good ideas, imagine with $100 investing in bitcoin every month you will invest $1200 each year and five years later your investing raise to $6000.

I am interested to know if you did not also see people who buys lesser than your stipulated $100.
No one goes beyond its limits even though our best is not reliable enough yet.
At OP, I don't you are a newbie here in the forum but I don't know how long you have been in the crytop World maybe that would option me on a particular advise to you but however, considering on a general overview, it is encouraging we don't settle for less but yet, be contented to the State of being.
In the space of Bitcoin, trading investors who are not emotionally fit to accepting biased results when the markets values goes contrarily to the will of making profits, the investor is expected to only Invest with a minimum wages that can be tolerated so as to withstand the resultants of the depressive episodes in the system of Bitcoins deflations and yeah, even when you think you have more than enough, you can only and always afford to Invest with the same minimum wage you can afford.

I can tell you that OP, you are on a better stance to accumulating Bitcoin on the monthly basis at the sum of $100 uninterruptedly.
You have to devote to self courage that Bitcoin potentials to earn profits os not limited to investors of $100 per monthly purchase of incomes so also those you feels that buys more of Bitcoins than you are not one of the highest Bitcoin investors.
Just be contented and maintain your monthly basis of accumulating your Bitcoin probably don't get stressed out to the thoughts that "you must reach a certain volume of your Bitcoin accumulations before the ETF bull run approval.
There is always measures to taking advantage in the Bitcoin race and your drafted intense of Bitcoin accumulations is not exempted.
So you don't have to feel discouraged or disvalueing the level rates of your Bitcoins portfolios.
The bull-runs can always be withnessed only by the patient investors who could hodl with their coins in a long or certain periods of time.

Do you have a dream with a definite value and time? There are many ATH predictions, but they're not guaranteed to be accurate. So you don't have to rely entirely on Bitcoin to solve your problems or end up being disappointed.
After all, if you use up all your allowances, how will you survive? Do you live with your parents?

Would $100 a month be enough for what? Nobody here can answer what is enough for you. Obvious you think it's enough otherwise you would do something to increase it. Everyone here is creating their own success and I promise most people here don't even have Bitcoin worth $100 they just talk so you already had a good start with $100 on monthly basis, but if you are a student you have an active brain and you should not settle down and be happy with just $100 each month, increase it with trading, your young so it will be easy for you to understand how trading works. Keep farming brodie.

If you can hold Bitcoin for $100 a month, it will be transformed into a larger investment within 1-2 years. I would say that if you can do it regularly then it will be a healthy assets. But my point is that if you work for Bitcoin Holding by the money earned from your income, it would have been better. However, you have taken the investment of the father without wasting the money given by the father, which is definitely a good decision as you have no another income. You are depositing $ 100 and you are using your father's credit card again for your monthly expense, but rather say that if you spend $20 a month and hold $80 that will be good. Because your father's earned money is not yours. Moreover, it is not right to use that money without his permission.

What you are doing in student life is the highest and I support and appreciate your work. You get $100 from your father every month for hand expenses but surprisingly you invest $100 out of $100 in Bitcoins every month. At an age when students think about how they will be very fashionable and spend extra money, you are thinking about your future right from your student life. Seeing as you're investing all the money you get in hand spending in Bitcoin, it seems to me that when you earn, you'll spend as little money as possible and invest the rest in Bitcoin. This much confidence in investing and willingness to invest will put you in a much better position in the future.

If such gradual investments are made continuously, it will grow financial distress to a student. all it takes is patience and consistency. because we know how young people get along. there are many wants and needs that people want to have because of the developing environment. This is one of the challenging factors for young people in investing.
but for those who understand Bitcoin, instead of saving money in the bank, the suggestion to save it in Bitcoin gradually is one of the best options for future planning.

Why not also consider buying cheaper coin? I mean buy 100$ per month of Bitcoin for the next 5 months  then after than another couple of hundreds to diversify in cheap but strong currencies?
with this you will maximize the chance of earning and yes you may gain more than just waiting for Bitcoin when Bull happens ?
That is certain , better to invest 100 than nothing at all because there are so many people trying to ask when is the right time to invest yet? never put a single amount inside crypto.
so OP is doing better that them.

as long as that 100$  a month will not affect your daily living then better to invest in bitcoin than being spent in not so important matter.
because it is rarely to see a student that planning or acting just to invest in Bitcoin while even their parents does not understand nor trust this currency yet ? youngsters are into it.
100  dollars a month for 2 years meaning 2400 dollars , if you will take the advantage to buy starting January to June net year then I can feel your luck to sell and buy again once the bull run ends.

$100 a month is better than nothing. So you won't miss out on anything if you do your best. Most people are not even able to invest $100, so don't even bother and just do it if you want.

Congratulations. You finally happened upon DCA.

Of course it’s okay. Heck, it’s even great that you’re able to afford as much as 100 bucks every month on a long-term investment like bitcoin since that means that your money’s going to compound sooner and more visible than you envision it. Only advice I could give you at this point is to keep at it and be sure to only set an amount you’d be able to deliver without any delays, meaning that whatever happens to you tomorrow, as long as it’s not death, sickness or whatever, you’re still able to put money into your investment with little to no worries.

This is one gigantic step you took towards a better financial future my friend. Which is more than what most people could do for themselves, I give you props to that. And this doesnmt just go for bitcoin btw, you can do this with basically any other type of investment you have.