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.
You sound like one who is just experiencing the market not too long. In essence, you sound like a newbie, and I don't think you understand properly what I said. Making 30% Bitcoin investment off your salary for a month is enough when you have an emergency fund. Besides I didn't say you'll have to use that amount for ever, you invest based on your financial status. And with the way you sound, it looks as though you haven't developed enough trust for Bitcoin, anyway I can't blame you, if only you have don extensive research about Bitcoin, all doubt will be cleared. If you observe closely when I recommend 30% of your income going for Bitcoin accumulation is when you must have secured an emergency fund that can sustain you for at least three month, then you can boldly increase you DCA during dips like this, and should in case it doesn't favour you too well, after the investment you can use from you emergency fund to meet up your needs while you reduce your DCA amount and refill your emergency fund.
In another dimension, there are people whose income are so low that it will take over 50% to as high as 70% of their income to meet their basic needs. These class of people can invest as low as 10% of their income and they will not be breaking any rule. It is always ideal to properly calculate your cashflow to be able properly know what to put into Bitcoin to be able to have the much needed peace for long term investment.
Ambatman, this is exactly what I recommend you do. Trust me of your income is very low, then you must make plans before you end up doing what will back fire. But if you have the opportunity to invest higher amount, don't hesitate because, you'll regret in the future for not buying enough while the price was still fair. You sounded more like someone who believes in Bitcoin in your other posts, but reading this one, you sound the opposite of what you believed in. However opportunities like this are rear, and since we got to experience this one, the best thing to do is to take advantage of it. Because currently the market look as though it has finished it's dump and it is getting ready for a pump, now might be the least of such price we'll experience before the halving. DCA is the most used strategy, but combining it with buy the dip, your get a flawless strategy.