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.
Then focus on the responsibility which you are having to carry out and leave bitcoin investments for now everyone is skeptical about bitcoin movement the same way you are skeptical, that’s why the amount which you are suppose to leave in bitcoin is the amount which you won’t be using for now, and the amount you can afford to lose. You can’t be having problems to take care of and still be investing in bitcoin, it makes no sense to me, take care of your problem, and after doing that, you can then start investing in bitcoin. If you invest in bitcoin currently, don’t be surprised that it might start dumping.
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
If you are holding on because of the bitcoin price instability, I don’t think you will be investing in bitcoin, because bitcoin prices will not be stable, the only reason why I will tell you not to invest yet is because you said you are having some other responsibility to take care of, so just clear that first, then start investing in bitcoin. No matter how long you wait, then there will always be volatility in bitcoin.