Buying bitcoins little by little and withdrawing them to a personal wallet is the most effective way. I've been doing it for a few months and now I think I'm pretty successful even though I only have a few bitcoins at the moment. But I hesitate to buy again when the price of bitcoin becomes too expensive. Do you have an opinion? Unfortunately I just found out about this forum, if I knew about it a long time ago maybe I would have more bitcoins. Even though I've known about bitcoin for a long time, I was hesitant to start buying bitcoin for a long time before finally deciding to start buying it on binance
To avoid large fees you may have to withdraw less often and that will save a little money. Especially for those of us who buy regularly every week in small amounts, it might be better to withdraw it once a month or 4 purchases. When carrying out investments regularly, we need to consider every cost we incur, especially to pay exchange fees when we withdraw BTC to a personal wallet. By making withdrawals once every month you will save your budget.
I don't have much bitcoin at the moment, I only started buying around the middle of last year. Since the price was above $50k I decided to stop buying and now the price is even higher. I'm still unsure whether to continue purchasing or not, I'm waiting for the price to return to $50k or at least below $60k. Although I am pretty sure bitcoin will reach $100k but buying bitcoin for $66k is still too expensive for me. I'm still waiting for the price to go down and will buy again.
Even so, I am also afraid that the price will get more expensive and miss this moment, but I am still confused and don't really understand bitcoin price analysis. I'm still waiting for the price development and keeping my money in cash, once I'm sure maybe I'll start buying bitcoin again. I will monitor bitcoin price movements this month before deciding to buy again
In fact, you have to remain optimistic to continue with your plans to continue accumulating Bitcoin. However, do you use the DCA method in the investments you make? If yes, then make regular purchases because DCA does not look at the price when you accumulate Bitcoin. I am the same as you in that I am also new to long-term investing but I remain firm in my stance to continue buying Bitcoin.