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But now by investing bitcoins in DCA method I am able to consolidate the funds and convert it into bitcoins, from here my future will go far and I will be self-sufficient. I invest between 5 and 9 dollars a week. My goal is that I try to keep my investment alive for several years.
I am glad that you are shooting towards buying BTC every week, and since your purchase amounts are so low, I hope that you have some kind of a system to make sure that your investment does not get eaten by transaction fees.
If you think about it, even after a year, your investment is ONLY going to be between about $260 to $520, yet I am not really poo-pooing the quantity in terms of you can ONLY do what you are able to do.. so you do the best that you can do.
Although my weekly DCA purchases of bitcoins are limited, this is money I used to spend extra in the past, but currently I am buying bitcoins with this. Because I am not able to invest much money in the field of investment because I have to meet the basic needs of my family from my income. But this is how I want to keep it long term so that I can keep my investment alive, and the biggest role is that I buy bitcoin every week with fiat money through p2p and leave it on the exchange.
I transfer these deposits every 4 to 8 weeks to my Electrum wallet, and (JJG I learned from you not to keep all your eggs at once) so I store them in two wallets which are the most secure for me and I keep the passwords carefully.
If you are able, I think that you should continue to strive to invest every week without skipping as long as your finances allow for it, and at the same time you should try to figure out if there might be some ways that you might be able to increase your disposable income by either increasing your income or decreasing your expenses.. and yeah, if you were ever able to get your investment amount to higher amounts then that will likely make a BIG difference, again making sure that you are not getting eaten up by fees.
I pool my purchased bitcoins in a few steps, and then transfer them together, saving me a lot of transaction fees. I have saved a lot by using this strategy, in the future I will be able to accumulate more bitcoins in my allrate, I will get a promotion in my job from next month and I will be able to add some more money to my investment every week, because every week my investment amount will increase a little. Then at the end of the year I can save up to $1000. Every year my target will be to invest 1000 dollar amount of bitcoins then it will bring maximum benefit to me and I will get investment success.