Topic: Would it be enough to buy 100 dollars worth of Bitcoin every month? - page 7. (Read 1100 times)

Let me ask you, how much is the amount you are capable of investing in Bitcoin every month?
Investment in Bitcoin depends on an individual's capability or the amount of money they can produce and risk as their investment. You can't invest $150 if you get $100 every month. Even if you want to invest more than that, you can't. What you must think is, that you have your investment, having one is a good start since you can already think of investing at your current age.

OP, what do you think is investment?

- It's easier to only invest money that you're willing to lose than to risk money on something you don't really understand. In my opinion, you are still young, take the time to study and find suitable jobs to experience more in life. Don't try to force yourself into opportunities that others are experiencing well, but it will never pay off easily.

- I'm not sure if you live with your family or not, but $100 is not always big and can be used for basic expenses. First, let's add knowledge about this market. There are many opportunities in the crypto field, I'm honest with that, but those opportunities should be realistic, not vague speculation, and you should consider every decision, especially if you are old enough to live. Be more responsible for yourself and your family.

It's important not to compare your investment decisions to others. Some individuals have such a substantial amount of money that even if the price of Bitcoin were to decline, they could simply purchase more or choose not to sell at a loss. If you attempt to imitate their behavior but are unable to maintain your daily financial obligations with that amount of money, you are putting your money at risk. If you are unable to increase your monthly investment, it's best to be satisfied with what you have.

As long you can afford to lose that amount and acknowledging the risks, then you are fine.

But correct me if I am wrong though if my calculations are correct. You said that you’re getting $100 every month from your father, right?

But what if later on something happens to your father’s credit card like unexpected unauthorized transactions that would lead the card to be blocked and cannot be spent anymore? How would you be prepared for this kind of situation in the future?

If I were in your shoes though, I ain’t gonna spend my entire $100 cash for it but rather an amount that I am more comfortable of losing every month no matter what.

How much is enough is very subjective.

Live in a third world country and you will need little to be 'Rich' according to the surrounding society.  Live in New York and you will will need maybe over a thousand times more money to have the same level of comfort.  I would say you are not behind yet and 100 a month is good.  But this is according to my own view.  You can have a different view.

Do not expect anything much out of it.  Otherwise you may be disappointed if you expect to become a billionaire or to purchase some large houses in Hollywood with a big pool and lots of ladies.  Expect nothing and keep investing.  But do not over do it, invest as much as you can.  Some people wrongfully invest life changing money and lose it.  Do not repeat that mistake.

Buying $100 worth of Bitcoin every month means employing the strategy of DCA (dollar cost averaging). It's considered to be a good investment strategy because it's simple and takes anxiety and time out of the equation. If you invest $100 into Bitcoin every month, it will be $1200 of invested money within a year. Assuming that Bitcoin bull market comes somewhere at that point, this can become, say, $3k. Maybe more, maybe less. If you continue for years, it can be significantly more eventually. As a way of saving up and getting some long-term profit, it makes sense. But it's also very unlikely that this sort of investment will make you a millionaire, for example, or will soon add up to enough money to buy a house or something. So it's important to set realistic expectations.

We all start at something OP, and a $100 a month sounds a pretty good start to me really. A year of investing? Great! Two years? Even better. At the very least you starting on something. Now I'm just hoping you''re ready for both potential gains and losses you'd expect from now on. While it may be good to expect some good gains since your time span is around when the halving is and when the period of bull run usually starts (a year or so after), it's not exactly a guarantee. If that $100 your investing is something you can afford to lose a part of, say maybe at least 50% of it at the worst, then just proceed and hope for the best. I think you know what you're getting into though so best of luck with whatever you decide on OP.

Buying 100 dollars of bitcoin every month is not a bad idea. You dont have to rush into buying bitcoin because you are still a student and currently you do not make money all by yourself. As your parent still take cares of your college needs after giving  you your monthly money. The best thing to do if i were you was to only allocate 50 percent of that money which is 50 dollars to buying bitcoin every month. You can keep the remaining 50 per cent for emergency funds like handout, textbooks and other messelinous. Its not a good idea to Remove all the money in your hands as you may need anything urgently and life events may happen as well. So you could just touch some amount from it and settle those problems.

I see your a newbie on the forum but not new to bitcoin. You have chosen the right choice of investment and you will not regret for doing that.

When we start making investments, we must be able to prepare for the needs we need and also for needs that we cannot predict so that we don't experience problems when the investment is underway, because if we don't prepare our investment well then it will be difficult when it is running. investment of course has to take the investment and cannot achieve the target we have set.

I agree with your opinion, we cannot compare ourselves with other people in investing because the income we get and also the expenses we need are not the same as other people, so it would be better for us to focus on ourselves to be able to achieve our goals. want.

If you can afford it then it's good, some people can't even DCA that much into Bitcoin every month, the different is can you easily afford the money? There is no point killing yourself softly because you want to gather some Bitcoin, that's why having your own source of income is very important.

There was a time where all I can afford to invest in Bitcoin is $100 and this isn't every month, it's once in a while, maybe every three month, things was very tough at the time and I have no source of income which is why it was very hard.

I would prefer to invest money in Bitcoin than keeping it in the bank and that's why people like JP Morgan is not happy right now, saying that Bitcoin is used for funding terrorism while he was caught with many drugs and he was fine for it, just keep buying Bitcoin that you can afford, you will earn big for doing this.

In my opinion, it would be better for you to focus first on your education, to determine your fate at a prestigious university in your country. If you get a scholarship in your country, of course you can also get money that has been regulated by the country you live in. In my country, usually the money will be disbursed every semester, from here you will be able to use or utilize your scholarship money to invest in bitcoin.

You don't need to see people investing very large amounts of money. If you can afford $100 a month, you should be grateful for the pleasure that God has given you. There are still many people below you who want to invest like you. In my opinion, don't burden your father's credit card too much, to buy something that is useless, in my opinion it would be better if you invest $100 in Bitcoin, you should cut it to 40% (bitcoin), 60% for daily needs such as food, etc. in your education

If you are afraid of losing the halving phase in bitcoin, of course there are still many ways to multiply your money, indeed bitcoin can make you profit, of course the current price is too high, If you are a risk taker, it's best to invest in altcoins, of course the price is much more affordable. If Bitcoin halving, of course the price of altcoins will definitely fly too.

Don't compare yourself to others because you are still a student while others are already working on their stable jobs, which means they are more capable to invest more than you. However, buying bitcoin with your monthly allowance is already good enough, that would be a lot already years from now if you do it consistently. But my concern is maybe you would consider subtracting a little amount from your allowance than to invest it all, so you can save for your other expenses and for emergency funds as well. Students have a lot of extra expenses so better save for it.

You would not miss a bull market as long as you consistently purchase bitcoin even with a small amount. What matters now is that you will gain future profits from bitcoin, compared to those who have not invested at all.

Don't feel like you are behind on anyone else since we have different timeline regarding on when is the exact time we feel comfortable to buy our very own bitcoin and if you think you can afford to buy with $100 every month then this is really fine as long as you have balance save intended for future use. There's no amount set for this so if you can afford to buy with that amount for sure no one will discriminate you. Also don't ever feel that you left behind since sometimes we might take a wrong position and get FOMO on some situation then we bought bitcoin at the top.

We still need to use our brain to follow the market updates so that we can buy at the best spot so that we can earn and not became a long time bag holder. Also make sure that you strengthen up your emotion since for doing holdings this is our main enemy so we need to tighten up our belief and think positive that there are more great things will happen to bitcoin especially when ETF and halving happen so we can earn huge from it.

Don't look at other people's progress to make you out of your path. Make the other people's progress as your inspiration and aim for the success you've dreamed of. Don't ever think that you are left behind, think that ever since you have started knowing Bitcoin and up to now that you are investing, you already made your progress. Having progress is better than nothing. As long as you consistently invest enough money, you're all good. Don't think that you are getting left behind, you won't be ever too late for this investment.

What you must do right now is to continue your investment and don't think too much. If you make $100 of investment every month, it will be an unexpected amount in the long run. Just think that you started with a small amount, but in a year or two, you'll be shocked to see its value.

The word "enough" is a broad term.
I can say that $100 is enough, but there will be some who will say here that it isn't, and vice-versa.

The point here is, what's important is that you are investing. Investing would be much better than just putting it in banks. Yes, your money will be safer there, but you need to risk sometimes for you to get more money. Investing $100 will always be better than not investing at all. Good Luck to you OP. Don't forget to invest, but at the same time focus on your studies as well. Are you worried about missing the bull market? Always take note of this. You will not miss it out as long as you're investing. The ones who will miss it are the ones who aren't investing at all because they're afraid. You are thinking like this because you are kind of pressuring yourself, and thinking about the investment of others out there. Just focus on your investment, and don't compare it with other investors.

You're lucky that you are getting as high as $100 per month because when I was studying at college, I was getting way less amount every month compared to you, so I don't have spare money to save for investing.

Investing $100 per month in Bitcoin could be a good strategy for you. I think it’s a good start and the most effective strategy but it’s important to consider your financial situation and investment goals. Don’t compare your investment strategy with others, everyone’s financial situation and goals are different. Some people may have higher incomes, but they also likely have different financial responsibilities. It’s not about how much you invest, but rather how wisely you invest. Focus on your journey and financial goals. By the way, what are you saving for? How does Bitcoin fit into your overall financial plan?

Anyway, good luck with your college entrance exams and your investment journey!

I apologize if I confused you. the data is the price for the beginning of the year. so I mean from year 2023 $16,952.12 data at the beginning of 2023, and because this year is still running.
underneath I also provide further words and almost at the end of 2023 the price of bitcoin continues to increase to $43,38x.xx for now

Yes it is important you buy $100 worth of Bitcoin every months. No amount is too small to invest, It will go a long way instead of waiting to have much before you start there is no time that is too late to buy Bitcoin. If you check the current price of Bitcoin you will understand that Bitcoin is fast growing and may go back to it ATH maybe by the end of 2024 who knows. Whatever decision you made about investing in bitcoin is seen as a wise decision because we all knows that bitcoin is the Future. And those that have it will never regret about owning it.

I just now understood that, apart from the $100 allowance you receive every month, you still have your father's credit card. What's that? Your father entrusted you to handle his credit card.

I'm just wondering, why would he give you a $100 allowance every month if you have his credit card that you can take from his credit card? It just crossed my mind; that's why I asked you, dude. Although the ones you plan to buy Bitcoin for 100 dollars per month are not bad.

$100 worth of Bitcoin on a monthly basis is enough for a university student. Since you say that you are a university student and this is your monthly income from your father that you can dispose of and save, this will be enough for you.

You do not have another source of income, so you have to be convinced of your monthly quota and hold Bitcoin on this basis on a cumulative monthly basis and you will eventually get a satisfactory result.

You do not have to compare yourself to people who have thousands of dollars and buy Bitcoin in large quantities. Act as you are and the amount of your monthly income, and there is no need to look at others.