I'm preparing for the college entrance exam to go to college, so I can't make money from working. I get about $100 of allowance from my father every month. I use all of them to buy bitcoin because I can use father's credit card for expenses such as food, clothes. I can buy Bitcoin on a satoshi basis every month, but when I see people buying Bitcoin basis on the internet, I feel like I'm too behind myself. Maybe they have a much higher income than me because they have a job. I think I can only invest $100 a month for the next year or two, would that be enough? I am worried about missing big bull market with halving and etf approval.
I personally may not determine how much I should buy bitcoin each month. But every month buying $100Usd in bitcoin I think is a pretty good thing. And I think that's a pretty big number even for some people. Because in essence we only have to buy the amount that suits our abilities. And never force yourself. Because holding bitcoin for the long term certainly requires using money that we will not use in the near future. So that we can remain calm when holding bitcoin as long as possible. Although I also saw a few months ago there was a user here who was even determined to buy bitcoin from the money he got from borrowing from the bank. But fortunately, if he really does so, he should now be able to pay off his loan to the bank by selling some of the bitcoins he owns and keeping the rest for the long term. Because at that time he probably bought it when the price of bitcoin was 20k. I don't remember for sure. But I think even in the end the person benefits. But I hope other people don't do something so risky like taking out a loan from a bank. Because it's too risky. It's better to just accumulate as much as we can. If we are only able to accumulate $100usd per month then I think that is the best. As long as the money really won't be used in the near future.
Your Bitcoin purchase strategy is smart personal finance. Matching investments to financial capabilities and risk tolerance is key. Disciplined investing in $100 of Bitcoin monthly is admirable. We forget that investment is about small, regular steps, not spectacular gestures. Like DCA, your strategy lowers volatility. This is wise, especially in the unpredictable world of cryptocurrencies.
Your warning regarding the user borrowing from the bank to invest is crucial. Their joyful ending is rare. Bitcoin is volatile, so borrowing to invest can backfire. Your emphasis on investing disposable income is spot-on. Finding that balance between investing enough to make a difference and without disrupting your finances is key.