I don't think is nice encouraging someone to invest on Bitcoin using his 30% of salary to invest on Bitcoin because there is every possibility that the investor could ran into trouble if the reserve fund is not enough to sustain him till he receives his next salary, so perhaps in as much as is advisable to take advantage of the Bitcoin price right now but shouldn't get overwhelmed by investing aggressively because is better to invest with the money we can easily afford without being tampered than investing with all the money we have and within a short while you end up selling it do to the lact of money to take care of other needs, however is only those that have structured one of there portfolio for Lump suming I could easily advise to take advantage of the market because they have already taken all the measures before now.
[/quote] I agree with you in your text that it's not nice encouraging someone to invest 30% of their salary.
The best amount to invest is one that wouldn't affect you even in losses.
You believe in Bitcoin doesn't mean the person does
Yes it's a good advice to you but wouldn't to the individual
Is not easy seeing red and losses especially when you know nothing about Bitcoin.
I prefer buying via DCA, buying small units at different interval.
You can take it like an expenses in training a kid, a couple of dollar on a consistent level would go a long way.
So 30% for acculturating now that the price is low is very much ok.
Okay? Do you have idea about the persons expenses
There are many people who can barely get by with their salary and you saying 30% is okay?
This can be said for people whose salary covers their expenses with a good margin
Any dip wouldn't have much effect on them and it would be easier to continue the DCA.
Like I said its not compulsory to invest your salary or savings. Just invest and DCA any amount you can afford. $5 a week in a year is around $240, in many countries this is something (Note :Profit wasn't calculated).
The one I know I would frown against is saving money idlely in the bank.
Fiat can't survive inflation
Price of goods increases while purchasing value of money reduces
Investing in good projects would prevent the money from been idle.
The BTC spot ETF approval is bullish as fuck for bitcoin, and likely is part of the reason why the price went from $27k to $49k between October and January
Not likely, It was the reason
People bought the rumor and the belief it would be approved.
They just starting that's why it may seem rocky
But it can serve as a catalyst in pushing the price farther than speculated.