Quote from: Mame89 on Today at 01:42:55 PM

Quote from: BtcoverCash on November 21, 2024, 09:01:06 PM

I try to buy Bitcoin now because is a period of my life that I can invest 300-400$ per month do you think that Btc is a good investment option for me and the range of the money I can invest monthly ?

What needs to be understood is that it is never too late to start investing in bitcoin, especially if the goal is long-term because I believe that bitcoin will continue to rise and continue to grow so that one day bitcoin will become a rare asset that will be fought over by everyone.

In addition, many people say that we are currently entering a period where bull runs occur so buying bitcoin now is the right choice. However, if you buy bitcoin gradually like that, it is better to use 10% of your income, do not make large purchases, let alone your entire monthly income because it will be risky for your finances. If you want to invest in bitcoin with an amount of $ 300-400 every month, it means you must have a monthly income of $ 3000. This is just my opinion, the rest depends on yourself.

If the goal is long term then an investor can decide to invest in Bitcoin at any time. And if you allocates a part of discretionary income to accumulate Bitcoin you will be able to reach his desired goal such as getting a decent portfolio. In the future, Bitcoin may become a rare and valuable asset and its price will increase due to the increase in demand worldwide. I also agree with you that while buying, one should buy slowly and to do this, you should continue to accumulate Bitcoin in DCA strategy and continue to accumulate from discretionary income on a weekly or monthly basis. A single buy decision to accelerate the growth of Bitcoin with the growth of assets may be more fruitful for you and this may be in bearish periods. A strategy for accumulating Bitcoin in the long term can provide financial security for you in retirement.