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Is Now a Good Time to DCA Into Bitcoin? Seeking Expert Opinions
Hey everyone. I’m a student and planning to start a Dollar-Cost Averaging (DCA) strategy for Bitcoin, but my budget is very limited. I have a total of ₨10,000 PKR (~$35 usd) to invest, which I know sounds absurdly small, but it’s all I have saved up. I’m considering two plans: Buying ₨1,000 PKR (~$3.50) worth of BTC every week for 10 weeks. Buying ₨2,000 PKR (~$7) worth of BTC every week for 5 weeks. I have two main questions: Is now a good time to start DCA into Bitcoin? would it be better to begin now i current market conditions? Which approach is better? Should I go for the 10-week plan or the 5-week one? or is there another strategy I should consider with my small budget? Since this is my only savings as a student, i want to invest it wisely with some gains expected in 6 months to around a year. I’d love to hear from experienced investors who understand BTC trends and mid-long term strategies. Thanks! submitted by /u/IndividualDance7720 [link] [comments]
Hey everyone. I’m a student and planning to start a Dollar-Cost Averaging (DCA) strategy for Bitcoin, but my budget is very limited. I have a total of ₨10,000 PKR (~$35 usd) to invest, which I know sounds absurdly small, but it’s all I have saved up. I’m considering two plans:
Buying ₨1,000 PKR (~$3.50) worth of BTC every week for 10 weeks.
Buying ₨2,000 PKR (~$7) worth of BTC every week for 5 weeks.
I have two main questions:
Is now a good time to start DCA into Bitcoin? would it be better to begin now i current market conditions?
Which approach is better? Should I go for the 10-week plan or the 5-week one? or is there another strategy I should consider with my small budget?
Since this is my only savings as a student, i want to invest it wisely with some gains expected in 6 months to around a year. I’d love to hear from experienced investors who understand BTC trends and mid-long term strategies.
Thanks!
[link] [comments]
