Give me your ideas guys,
I have real job with salary receiving in a month about $500 and have optional choose with weekly payment received or possibility with monthly, I want to know with your ideas here, are better with salary paying weekly about $125 or get full $500 if payment paying in monthly. I have planning want to spent $150 from my salary for investing in Bitcoin.
Do you think good ideas when investing in weekly about $37 or investing every month with full $150, I don't think which one ideas worth when investing in Bitcoin with weekly or monthly time trough Bitcoin can't stable in lower or higher price.
Personally, I prefer the idea of investing on a weekly basis rather than a monthly basis... yet of course, the amount is kind of small to divide, and therefore, there could be some difficulties with fees or even dividing the amount up into further categories that involve anything other than DCA.
Another thing, even though the amount of $37.50 per week does not seem like a lot of money, it is a pretty large percentage of your income (30% - like nara1892 mentioned). Hopefully, you are not overly investing into bitcoin, and you make sure that you are able to otherwise cover your various monthly expenses with the remainder of your income (as was mentioned by ajiz138), which would include making sure that you also have emergency funds available.. because it is not a good idea to invest into something as volatile as bitcoin and then end up having to sell some BTC or all of your BTC at a time that is anything other than a time that is completely of your own choosing.
Another thing is that if you are able to manage to consistently invest 30% of your income, then in 4 years, you will have invested a full year of your income... so there can be quite a bit of power and good feeling to have had created an investment portfolio that is potentially in the ballpark of being equal to 1 year of your income... and surely many of us hope that bitcoin is able to appreciate in value in order that your investment portfolio would be more than 1 year of your yearly income.. but surely, at the same time, we know that there are not any guarantees even though also many of us consider bitcoin to remain amongst the best of places that any of us can invest, so long as we do not screw up the managing our investing into bitcoin by not being able to maintain and to secure our BTC stash.
We don't need to buy crypto..
In other words fuck shitcoins.
Crypto & bitcoin not same ...
Invest in bitcoin, not in Crypto.
I realized its truth in life because I invested all my dollars (approx $15000) in a shitcoin and decided to hold for a long time. But believe it or not all my achievements in life are now almost nil. If I had kept my dollars invested in Bitcoin, I would have expected future profits. But I invested in a shitcoin with no chance of future profit. So I humbly say if you want to invest then only invest in Bitcoin.
My life the best mistakes
PYR the Crypto, my investment.
Those charts look pretty damned pathetic, and actions speak way louder than words.
In other words, get the fuck out of shitcoins LDL!!! It hardly makes any sense for you to show that shit to us, and to say.. ."look at me I hold these shitcoins.... Don't do what I am doing or that what I did... blah blah blah."
The better idea is to get the fuck started with bitcoin, and if you don't have any money left (because you blew it all) then I don't know what to say... but if you are able to invest $15k into bitcoin over the next year, then that would be right around $300 per week...
in other words, it seem to me that the better thing to do is to show us how you have your shit together and that you are building in bitcoin, even if it might take you several years before you are even able to invest $15k into bitcoin. Get started right away. .stop gambling and fucking around, and take your bitcoin investment seriously rather than as a way to gamble.
It takes a long time to build up an investment portfolio. I am not sure how long it took you to save up $15k, but I do know that it can take a long time for any of us to get our BTC investment up to $15k.. and of course, many of us likely have goals to build up our BTC investment so that it ends up having multitudes of value that goes beyond our annual income. maybe 20x or 30x our annual salary before we might start to feel that we have either reached or that we are getting close to reaching fuck you status... but putting value into shitcoins is not going to help you to build your investment portfolio so that you can get to fuck you status or even to make progress towards getting to fuck you status.. rather than just throwing your time, energy and money away.. ..
...... .. so actions.. there is a need for actions.. and specifically bitcoin-focused actions.. and no need to be showing us how much of a loser that you are because you are not ready, willing or able to focus on bitcoin...
Snap out of it.
but if you can show us that you built your BTC holdings over the next 4-10 years or longer and even to describe your bitcoin building progress on a regular basis (and you do not have to give us actual numbers, either), then that would be way more meaningful than to show us how much you lost on stupid shitcoins.. and there aren't any shitcoins that are really worth considering and/or talking about until you got your shit together and you are able to focus on bitcoin first..
Once you get a decent stash in bitcoin, then sure, if you still want to fuck around with shitcoins, then it would be optional for you to do as a supplement, but the truth, practicality and prudence of the matter is to get you bitcoin stash in order first, before you start fucking around with shitcoins... Don't be wasting your time, energy, psychology, mental power and financial value on that crap. We don't need to hear about that nonsense... it's a waste of our time to even hear about it..
focus.. focus.
I myself only go weekly, but sometimes the dollars that are input go up and down, but so far I'm still pretty consistent every week.
For sure, it is easier to be consistent when you make sure that you have a cushion in which your expenses are clearly already covered... yet you are right that expenses do not tend to be equally distributed through out the month.. or at least it can be difficult to achieve a way that expenses are evenly distributed... also if you project out your cashflow, you may well see that there are periods that you have more extra cashflow and periods where you hardly have any extra cashflow and maybe even negative cashflow, so there can be ways to attempt to even those out by projecting out your cashflows and having built in cushions that you personally create by the way you manage matters, including how you manage how much you invest into bitcoin on a regular basis whether weekly or some other period of time.
[edited out]
Change your mindset and think about bitcoin in the future, it seems that if you continue to hold shitcoin in your portfolio, there will be no change at all.
Exactly!!!!! It means way more to act in accordance with your beliefs, and if any of us continues to fuck around, we are likely going to continue to experience the kinds of results of a person who doesn't know shit and is a "fuck around." It could take 10 years or 20 years to build a really comfortable investment portfolio.. and when people fuck around, then frequently won't ever get to the point beyond a year or two of progress because they keep having to start over because of their inability or unwillingness to focus.
and if they are beginning, I might point out some sources of information such as Swanbitcoin.com. .or maybe I will share some links to information, if we get that far in the conversation and someone seems receptive. Many times people are not receptive, so many times I will tend to tell them that I don't give any shits if they invest into bitcoin or not, and I will remind them that I am not trying to sell them anything - so in that regard, they are responsible for their finances and figuring out how to allocate themselves and to prepare themselves financially and psychologically for whatever might come in the future.. including ongoing price rises or whatever else we have in-store in the coming years.
In any case I like about this point
Because telling beginners is indeed a pretty good thing, but sometimes the feedback we receive is also sometimes very difficult for us to digest because it seems as if we are people who are plunging even though we just want to tell you that when you are in bitcoin, you may have to get to know some basic learning first but sometimes we come across as offering people and this really looks ridiculous lol.
But the opposite impression will also look different when we don't even give any advice because it will be seen as someone who doesn't care about beginners. I had this experience a few months ago in the area where I live now when someone asked about what I do with bitcoin so I understand a little about the ambiguity of things like this
Yes... Probably no two interactions are going to be the same. So in some sense we have to figure out from where someone is understanding the matter, and then we may well have to figure out if we are someone who has an ability to communicate with that person.. and if any such conversation might be worthwhile.
Currently Bitcoin price have going down under $17,000 and right time for re investing, but many conflict interest in Bitcoin and several biggest countries not happy how Bitcoin become popular. I think United State is never allowed for Bitcoin become global legal currency transaction around the world, I know what bad impact when United State make FUD with Bitcoin.
In my opinion, when we are sure, why should we look at some of the existing fuds, because with that you actually lose the confidence to continue to be here, so there are indeed many examples now of people releasing bitcoins, even though they are actually losing money, especially buying at high prices.
Something like this is commonplace because before the current conditions in the past few years there was also a lot of fud but the fact is that bitcoin keeps coming back even ath again and again.
In the coming years, maybe even 10 to 30 years or even longer, there's always going to be some level of FUD in connection with bitcoin. Status quo financial institutions, rich folks and even governments are having some struggles getting used to how bitcoin fits into the world as is, so there may well be desires to dampen and/or negatively affect bitcoin's adoption and ongoing building of various network effects. So in some sense each of us has to balance our own investment choices in regards to accumulating bitcoin and even maintaining bitcoin while accounting for the fact that there is ongoing and persistent FUD.
Frequently, I will tell people that they should not allow the persistent and ongoing FUD to stop them from investing in bitcoin - even though they might still need to consider adjusting their position size to account for if they are concerned that some of the FUD information might be true - or somehow they might not be comfortable with the amount that they have chosen to invest into BTC.
And, of course, position sizes and amount of allocation to BTC are individual in nature, and it seems to me that the folks who have been aggressive in their BTC accumulating approach (without over doing it) have done much better than folks who have either been whimpy or who have been scared away from investing at all into bitcoin. There may well be some folks who would benefit greatly from taking a smaller investment size such as 1-5% rather than staying on zero, and surely they do not necessarily need to consider higher BTC position sizes that might end up being in the 5% to 25% levels.
Hasn't something like this happened, especially maybe for China which has done something like this several times even though in the end they changed their attitude again like they were playing a game and made fud like this fun for them.
It is still up to us whether we are going to decide to change our bitcoin approach based on such world happenings, and if we come across people who say that they are too scared or worried to invest into bitcoin, then we might remind them that it is better for them to get the fuck off of zero and ONLY invest 1% rather than not to invest anything into bitcoin, and ultimately whether they invest and how much they invest into bitcoin is up to them..
You know the expression: "people get 'into bitcoin' at the price they deserve."... which largely indicates that if it takes them a while to get into bitcoin, then that's on them.
And indeed, even though we can't ignore fud, that doesn't mean we also have to get carried away with things like this because this is precisely what makes us falter.
I could choose to adjust my bitcoin position based on my concerns about FUD.. but usually it is not good to sell on the way down.. but the next time the BTC prices go up I can choose to sell some bitcoin so that my position in bitcoin is not as large.
I can also choose to wait to buy on the way down, rather than actually buying. Sure, I might regret it later, so in that regard, I have to accept the consequences of choices that I make now and how they might play out several years into the future... it is not always clear about how to balance or whether any rebalancing needs to be done, and some of us will make more mistakes than others in terms of how we choose to go forward with our balancing efforts.
I personally feel about the allocation of btc maybe this can be right because this really also depends on their ability whether they can and are not too burdened and they are ready for the risk because indeed if you force it too this will be a little difficult when indeed when we have to face real life because we live not only about btc but there are several other needs that must be prioritized first btc for me personally is to support my future.
Of course, and if you do not maintain an emergency fund, for example, then you might get stuck selling some of your BTC (or all of your BTC) at a time that is other than your own choosing... So.. in that regard, there can be ways to project out cashflow and to figure if there are upcoming shortfalls in the future that might be able to be addressed now. .or to work towards making sure (or at least increasing the chances) that you do not get into a panic situation.
Give me your ideas guys,
I have real job with salary receiving in a month about $500 and have optional choose with weekly payment received or possibility with monthly, I want to know with your ideas here, are better with salary paying weekly about $125 or get full $500 if payment paying in monthly. I have planning want to spent $150 from my salary for investing in Bitcoin.
Do you think good ideas when investing in weekly about $37 or investing every month with full $150, I don't think which one ideas worth when investing in Bitcoin with weekly or monthly time trough Bitcoin can't stable in lower or higher price.
It depends on your wishes whether the salary should be weekly or monthly but obviously you have to be able to manage your cash flow properly, for example $ 150 invested in bitcoins with a monthly duration and the remaining $ 350 is that enough to live on for you and your family? Of course we definitely have to pay rent and other needs every month and that must be allocated properly so it's not too complicated when we want to set aside for bitcoins but what is clear is that you have to have a plan according to your ability.
It's equally a good idea to invest in bitcoin weekly or monthly, the important thing is that you have bitcoin income every month that you buy, but you have to know that along the way, this method won't be smooth, there will definitely be ups and downs, it's impossible for $150 to be evenly distributed every month, so with what you put aside in bitcoin it's better than nothing.
I myself only go weekly, but sometimes the dollars that are input go up and down, but so far I'm still pretty consistent every week.
Agree with what you said because it is still to be considered whether $ 88 will be enough for one week for your needs if doing a week or $ 350 will be enough for your overall needs for one month with some other unforeseen needs.
If you look at the salary ratio you mentioned it means you would be committing as much as 30 percent of what you have to be in bitcoin. indeed this looks very good but is it really not too burdensome, because if you push it a little then I think you have to reduce it a little but indeed if this is felt to be enough then do it. that is a very good thing indeed.
investing 30% of my income per month on bitcoin seems like a whole hell of a lot when my salary is ONLY $500 per month... but hey everyone has their own way of calculating what is doable and whether they are burdening their finances by investing that much of their income into bitcoin.
It seems to me that someone making $5,000 per month has way more cushion to work with... but hey, yeah. .each person needs to assess his/her own situation... what's prudent, reasonable and/or doable.
