Post
Topic
Board Bitcoin Discussion
Re: Refer to my previous topic: "Investing plan"
by
Oasisman
on 11/11/2023, 04:33:19 UTC

I believe future is for BTC and my investments will mostly on it. I wanna use Electrum as my main btc assets storing. As i heard exchanges is not safe for storing purposes.

Also my plan is to invest after that litle by litle for example from my income to invest 100-200$ in month.

Thanks again for all members who responded to  my previous topic.

Sounds like a good plan, but one thing I could advise you - is to continue learning how to make yourself secure from scams/hacks and don't be too complacent with what you're used to. Remember, huge bag attracts a lot of scammers. Though Electrum is one of the secure non custodial wallet, IF used with extra care, but there are several options to make it more secure as your bitcoin grows each time you DCA in a monthly basis.
Also, you need to be careful in buying as well, make it sure that bitcoin has to pull back a little bit against the monthly high for you to maximize your profit during bull season. 
$100-$200 in a month is quite a decent amount and that for sure will multiply in the next 3-5 years. Just don't rush things, plan it out for long term or you can even treat bitcoin investment as part of your retirement plan.