Quote from: Mauser on November 07, 2023, 05:05:10 PM

Quote from: JamesBorn on April 10, 2023, 06:25:58 PM

I was thinking new kind of plan to buy bitcoin every month from my salary immediately my company paids me but I still have other responsibilities to carry with family so am skeptical about it especially now that the price has no direction. If can afford storing every month in a long run I may realizes half of bitcoin unit and that's a big achievement to buy but to you is funny because you have enough of it. So advise me on what to do! Should I hold on because of the instabilities in price? Or I should buy and store? Over to you

I hope you followed your new plan for the last few months and didn't sell your coins early. Buying fixed amounts of crypto currencies each month is the best approach in my opinion to build a big portfolio over time. Many other users here on the forum also recommend the so called DCA method. When you take your investment money directly at the start of the month away you don't face the risk or overspending. I can understand that you want to help our your family financially, but just make a monthly budget for it and if it's not enough post pone some expenses for the next month. When building a portfolio it's all about the longterm, which is why I wouldn't sell too early. As long as you don't need the money I would recommend storing it and wait at least for a new ATH. With the halving coming up next year there will be more positive impulses for the crypto world.

I agree with your opinion, if we collect crypto by purchasing a fixed amount when we get the income we have, of course this will be very good and we will also be able to get results from the investments we make. Managing our spending budget well so that we can invest regularly will certainly make us get additional income from the investments we make, you are right, if we don't have too many expenses that we don't need, it would be better for us to invest at least wait for the ATH to arrive can benefit from the investments we make.