Topic: Would it be enough to buy 100 dollars worth of Bitcoin every month? - page 6. (Read 1100 times)

Even investing $100 monthly in Bitcoin is respectable, especially as a student. Investing is more important than how much you invest. You're ahead of many by starting early! Larger buyers may have more disposable income, but that doesnt devalue your efforts. Thanks to compound interest, long-term investment can rise significantly.

Yet investing isnt simply about catching bull markets or avoiding missing out. Long-term strategy and market dynamics matter. Bitcoin is valued due to its restricted supply, and historical tendencies imply growth post-halving. So $100 may seem modest, but persistent investment matters. You're sowing financial security. And that is  the goal.

If you ask me personally, I honestly have to tell you it's a creative idea, $100/month invested in Bitcoin times a year $1200 and so on.

It's just that according to my current considerations, if you want to do it, you only have a few months ahead before the Bitcoin halving occurs, but you still have the opportunity to do it, But if you do as your idea, it's best to do it again after the halving occurs, at least you can invest 3 years before the halving occurs again, with your total investment being $3,600, who knows, after owning Bitcoin it can be cheaper than the current price, it will increase the value of your investment in the future.

OP, Bitcoin has good value in the eyes of the world, so it is a good choice for you to increase your money online, the important thing is to also consider the risk of the crypto market and the price of Bitcoin and some other information, so that you don't lose, where is the right time to buy and when sell.

Enough is something subjective, as $100 per month might not be an extravagant amount in western countries but is in the Third World. I've seen other users start with as little as $30 per month; if you can afford to spend $100 every month, then I don't see why not; it's actually a decent amount to get you started. That's $1.200 per year, which isn't too bad; it all depends on what you're aiming for and your available income, and who knows, it might encourage further budgeting and saving, and you might opt to spend more in the future. You need to specify your needs; you're asking if it's enough—for what exactly? To become wealthy? Certainly not, to gain some extra pocket money and build a small savings fund? Probably yes.

Certainly, the early days where you could yield massive results with relatively small amounts of money have passed, but it's still not too late to start acquiring Bitcoin; the prices have already risen close to $45.000. Who knows what the future holds? In the upcoming year or two, we could possibly surpass the current ATH.

It's worth the shot but you should have been investing with $100 monthly since 2022, because now we don't have a lot of time left, believe me, 2024 is going to be the bull run and by 2025 it's already gone, so investing $1000 will take you 10 months, right now the time ain't on anyone's side, it's better to bump up the value very quick and start buying Bitcoin.

The only possible way a correction can take place is a bad news on the ETF approval, if not, then I think this thing will be different with Bitcoin, I strongly believe that the ETF approval will bring in a lot of money and also the high inflation just makes Bitcoin a better store of value for many people.

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My advice to you is to not feel left out, do not compare people investment strategy to yours, you are a college student and you are focusing on your studies, not everyone is in the same shoe as you right now, some are doing so well in life that they are getting paid every week, so such people will find it very easy to invest on Bitcoin, you can only do what you can and don't feel bad about it.

Other race is not your race, so make your own race-worthy and focused, and don't look at how much they accumulate. If you think that you're behind them, how about those people who are still in doubt about investing in Bitcoin and are not even aware of it? There's more with those people to discover while you, you understand a lot of things already about bitcoin and that's what makes you want to invest.

It doesn't matter, just do it and when you're able to buy as much as you can after your graduation or when you already have a job. Bull runs are going to be in a cycle and it's not just going to appear within the next few years. So, think of that moment that when you're not yet able to buy in bulk but soon you'll be able to. Just now, purchase what you can purchase and be well with it. There's no quick hocus pokus on buying Bitcoin as a starter and being a student, everything is understandable with your situation and at least, you're trying.

How long are you preparing for college ? because you did not mentioned how long you have time for that.

You are good in buying Bitcoin 100 dollars a month? that is one of the best plans you can find but I find you a
spoiled son/daughter because you have an allowance and still can use credit card for everything you need.

2 years holding bitcoin? that is a great idea and enough time  to double or even multiplied your capital.

I don't understand what you mean by the "Satoshi basis," just be careful and ensure that you are actually buying Bitcoin and not let people deceive you with the mBTC calculation. I mentioned this because if you are not conversant with how some wallets work, people you buy from or who set the account for you in case you don't know could ripe you off.

That said, you have to make sure that you do not stress yourself about investment and do not let your dad be crossed with you. He has tried by giving you the $100 monthly allowance and I believe you should use it judiciously. You might invest the excess in Bitcoin and keep having to invest more over time as you grow. It's never too late, there will always be an investment opportunity. You are still young, so do not push yourself too much.

As for those who are investing heavily in the coin, they must have gotten their money from different places. It could be from deals, investments, salary or services rendered, some could even be through illogical activities. This is why I implore you not to think about them, just work within what you have and you will be just fine.

I just replied with someone here who would start with $50 and yours is actually possible! While your budget may not match those with higher incomes, consistent and disciplined investments can still yield meaningful results over time as long as youve done your research.
Embrace the HODL mindset and don't let the daily ups and downs stress you out. Since youre still a student, keep in mind that emergencies happen, so make sure you've got a little financial cushion before going all-in.

It really depends on each person, others can invest $100 worth every month, or there could be someone that can put a lot like $100k. And that is the beauty of bitcoin investment though, it's open to everyone, average joe just like the majority of us here and then whales sees each other at the exchange and we bought it at the price that can we afford.

We might even say that there could be others as well investing a little at $100. But the thing is that they see and take advantage of this opportunity and then looking at their investment for the long term.

A person will invest that amount which he can easily invest because we cannot make larger sum immediately. If you are using 100$ each month then it is possible that you can earn well through this amount because you have no other way to earn more and invest more. Expenses and other uses are also necessary so if you complete your expenses with the help of using credit card of your father then its a great idea that you know about saving and investment as everyone does not have same mind.

Halving is far yet and now the price is in preparing stage therefore you have two or three months yet in which you can easily invest some amount in Bitcoin so you will be able to take profit from halving. The profit will always depends on the amount of money you are investing and if you look towards your invested amount then you will surely be thankful for the profit which you get during halving.

I thought allowance are meant to be used to support your school miscellaneous like textbooks, some bills like materials and handout and also to print assignment and other things that will come up later in school. My question is if you plan to use that money to invest into bitcoin, how do you plan to take care of your school business, don't starve and deprive yourself for a quality education, use the money and face your education man, bitcoin will go no where but your school semesters will never wait for you especially when you have problem later.

I believe that if your father notice that you are using his credit card to to do another thing entirely different and also spend the $100 bill quickly, he will question your spending habit and I believe you have the perfect answer to that and if they are not aware of you buying bitcoin, it's better you are open than doing some underground things that will cost your relationship with your parents, it's better they know.

However, if all I have said is irrelevant and perhaps you are from a well to do family and a pamper kid, buying bitcoin worth of $100 is good, in 10 months, you should have at least $1000 worth of bitcoin in your custody or should have been more than if bitcoin continues to pump as you keep buying it but the next line of action lies on when you want you want to sell it. You can hold when you have gain something quality or hold for long term but make sure you face your studies very well.

It is your personal matter you can invest any amount in a month. Since you don't earn income, the amount you can save and invest in Bitcoin will be a profit for you. Maybe you can invest more bitcoins when you can earn. But if you regularly invest $100 a month in Bitcoin, you will own a lot of dollars at the end of the year. In this case you have to invest constantly and after investing you can never look at that investment. If you can invest in this way for a long time and keep that investment then you can own enough money.

$100 per month and you just need to make sure when is the right time to buy because every month Bitcoin experiences erratic corrections, so please take advantage of a little trick so that your purchase has added value. Is $100 still worth it? sure, is $100 enough? Of course not, it's just that rather than nothing I would choose the first option which is to buy for the amount you can afford.

Well, because you are a student there is always a need to pay for administration, class fees, hanging out, group work and other things which are called unexpected costs. Based on my experience, activities outside of college can sometimes interfere with the investment you started.

You said that you are preparing to go to college, then why are you investing instead of saving? Let me clear it to you that bitcoin investment does not give guarantees that it will result into quick profits, so you can't expect that you will receive your profits when you needed it so badly. Bitcoin is a long term investment, hodling it for 5-10 years would give you maximum amount of profits.

However, if you insist investing, then $100 is already a good amount. But let me remind you to invest an amount that you won't be needing anytime soon. If you want, lessen your budget and reserve some spare money on your unexpected expenses later on. That is way more convenient for you.

Any amount will do in investing as long as you know that the amount you have invested will determine how much profit you could get. You could do the DCA method with that amount even for every month as long as you are consistent, you would accumulate a lot of Bitcoins for sure. That amount is enough for you as you have daily needs that you'll need to provide, there is no need to compare your situation to others as you know your battle, as you are just starting from a small amount. Investing is already a risk that you are gonna take, so wanting more might have a negative impact cause it might lead to financial problems as you prefer to invest more than providing needs. Never invest the money that you cannot afford to lose, cause there's no guarantee that you will profit from the investment, some literally take time to grow, especially with the amount you invest.

The amount is not a measure but how consistently you can buy with that $100 every month, there are many people who buy with small amounts but they are consistent. If you miss the bullish market before the halving then there is no need to worry because the cycle will start again and this is why you don't need to worry about bitcoin when buying it because there is a four-year cycle that can always provide significant price spikes.

You are still lucky enough to be able to buy $100 every month because there are many people out there who may not be able to touch bitcoin for reasons of not having money. So keep it up is because you will see something that is optimal when carried out consistently and whether the purchase is big or small is just a matter of numbers.

Buying Bitcoin for $ 100 in a month is an extraordinary thing for someone, of course the needs they have are not that much and it certainly has an extraordinary income for someone who works as a student, but I really applaud his determination and intention to save the money. for the long term, let alone placing and entrusting the investment by buying Bitcoin as a long-term investment, it would be a good example for us if there was someone who did this extraordinary thing.

100$ every month is very good amount of money to buy bitcoins cause as we compute every year you can have a 1200$  and it's still a good money to invest and to hold for long term and also I agree with everyone who says that it's up to you OP if you have enough money to spend your needs then it's okay to buy bitcoins for 100$ per months. And one thing I can assure you that someday in the near future you can have a good profit .

You invest what you can afford, hence there is no need to compare yourself with others. $100 is a huge many invest in some countries because some people don't earn that amount monthly. I suggest you invest what you can afford now and focus on your studies because it is your number one priority now. After college, you can secure a high-paying job that will enable you to invest more in Bitcoin. Don't be in a rush to make a profit because investing in Bitcoin on a long-term basis is the best option.

OP if your focus is on next year's bull run and the ETF you will not make much profit because $100 per month might not yield much. I will suggest that your plan to sell your coins should exceed the bull run and ETF. But it all depends on your plans or profit margin. However, there is no harm in a trial, just keep buying.

Investing $100 a month in Bitcoin is enough for you. You will also not worry too much about how to meet your daily needs. That means $100 is free money that you can use for anything.

It's okay if you can only invest $100 in Bitcoin in a month. There are still many people who start investing in Bitcoin with less money than you. The important thing is that you are preparing for your future by investing in Bitcoin. If you are already working, you can increase the amount of money for your investment.

But you still have to remember that when investing in Bitcoin or anything else, you have to use money that you can afford. Free money that is not used for urgent needs or things. So you can continue to invest in Bitcoin until the next few months or a year later. Hopefully, you can collect a lot of Bitcoins before the price increases. And hopefully, next year or 2025, there will be an increase in the price of Bitcoin and that will provide big profits for you.