Have you thought about this?

So I'm thinking, instead of just holding onto those small amounts of cash as savings, why not invest that in BTC consistently? I mean, that cash could be seen as your discretionary income. Keeping it in a bank isn’t gonna earn you anything, right? So why not grab some BTC and hold onto it for the long term? You can start small, every bit counts.

It is a very good advice but you need to study bitcoin very well before investing. Do not invest when the coin increased significantly already but you can DCA at the time but invest more when the market is red and people are afraid to buy. Bitcoin will get to all-time-high and you will make profit from investing in bitcoin over a long period of time. Bitcoin is a store of value.

Because some people are still afraid to invest all their savings in bitcoin, they think they are afraid of losing because of fluctuating prices, but if you understand bitcoin investment then it is quite good to save in bitcoin rather than in savings in the form of fiat that can decrease in value due to inflation every year. It would be better if you have a savings fund that can be used at any time + invest in a DCA way so that it allows both benefits. Instead of risking all the money in bitcoin it can be risky. Although I wouldn't consider it that way.

Normally, any money that is not used for a long period of time is not supposed to be kept in our bank account, aside from the bank charges and the bank using it for their personal business devaluation and inflation. Transferring and converting those funds into bitcoin can be more beneficial, but that should be only money we are prepared not to use for a long period of time because bitcoin isn't a get quick rich or profit investment.

Basically it's even wise to have some fiat in your possession because if you want to put everything into investment at some point you need will want to take them when it's not due hence might even be in loss. Having some kind of savings in fiat is not a bad idea as long as you have a good amount spared out for your investment and whatever is left can be kept in fiat infact it's even more important to have your expenses settled before investing which makes your investment to be part of discretionary income.

Thats a good idea, but have you considered the risks of investing in crypto, including Bitcoin?  The prices definitely jump around a lot.  One week your Bitcoin could be worth a nice little profit, but the next it might tank and you are left wondering what happened and  it keeps things interesting though!  Maybe just don't invest any money you can't afford to lose.

Volatility is the answer. Although Bitcoin is a good investment long term you can’t guarantee that your savings will be in profit by the time that you need it for emergency purposes. This is the reason why you should have separate savings for Bitcoin investments so that you will not worry if ever you need to immediately use it. Saving even your small money dedicated for something else to Bitcoin will just make your finances fully reliant on a volatile asset. Bitcoin is wise investment but make sure you have other savings for yourself that you can access immediately.

Sometimes I ask myself about the possibility of any forum members still keeping money in their bank account because, with the level of education and awareness that these forum discussions have imparted to us, we should be able to know what an asset is and what inflated assets are. Bitcoin is an assets that have great value and can be converted to cash at any point in time, unlike bank notes, no matter how long you keep them, they can never amount to anything close to what bitcoin will amount to if kept for the same number of time.

Little do many know about the way they save their money, it happens that some will think that the banks are doing them the best in saving their money, but instead, they are the worst of it all in retaining ones asset for nothing sake, though this whole process is of a benefit tot them, but on a detriment to us being the owner of the asset because we are earning nothing in return over time form the money we are keeping with them, but bitcoin already turned an eye opener over all these heresies, because people now have control and full access tot heir financial assets in bitcoin and determine what to use it for and how to be productive in it.

Yes there is definitely that reason for some people being afraid, there are others who still view Bitcoin as a ponzi or a scam and others still that just dont understand Bitcoin as so are quite happy to save FIAT or spend all their FIAT. I think and hope that most of us are already pouring our excess FIAT into Bitcoin by simply buying every week and using the DCA method. Volatility is a big thing and is misunderstood when it comes to Bitcoin, its widely perceived that volatility is bad and so volatile that "you could lise your money" How Bitcoin was reported on by main stream media in the past hasn't helped

Saving is different from investing; you only save money that you can use for emergencies, and the rest should be invested to avoid inflation, and of course, Bitcoin is the best investment for that (not to be biased). It just needs someone to understand how to invest in crypto for them to successfully invest in Bitcoin, and not necessarily invest everything, it’s still important to learn how to diversify so they can manage the risk. With Bitcoin, in a good year, it’s easy to hit a 10% increase in our investment, while banks can only offer around 2% per year in interest on savings, plus it’s taxable, so you’re basically using banks as a way to safeguard your money since the interest isn’t that appealing.

One of the most advantages of investing with the DCA method is to avoid timing the market. If you are only to DCA only when the market is low, this will mean that you are not consistent and this will defeat the definition of DCA. The idea of DCA is buying consistently until your goal is met.

That's right, there are many ways to invest, and like your strategy, those small amounts will turn big someday. But it might take some time though, so just remember that. Not going to be very easy as you really need to have a lot of patience to be able to grow your portfolio thru months or years of small investments. DCA is a good strategy and for sure we have seen a lot of threads about it and others have sworn on how effective it is. The only thing is that we should be inspired of others who have done this before and safe thru small and now they are somewhat stable or have the financial freedom because of their Bitcoin investment.

Then that is not DCA at all if we choose when to buy; it should be buying on a regular basis, like following a monthly or weekly accumulation schedule to make the job easier. It's normal for the market to experience bullish trends, but that doesn't mean buying during those times won't be profitable, because when looking at the big picture, we should believe that Bitcoin's price still has plenty of room to grow.

It is okay to have some savings and also have investments. The culture of separating the two will help you not to tamper with investments when you have an emergency to turn and attend to. If you invest all you have and do not keep any funds accessible for emergencies like savings, you will use your investment for tough situations, and may become used to that habit, tampering with your investment whenever you have an issue because you have done it before.

Not everyone who saves money thinks about investing, because not all of us can afford the risk. Some people, especially those who aren’t really making much, just save money in the bank for future needs. However, if someone knows how to invest but still leaves their money in the bank without seeing bitcoin as an opportunity to diversify, I’d say that’s a wrong move. Real investors shouldn’t let their money sleep in the bank when inflation is slowly eating away at its value.

Once we can afford to hold an investment in crypto and bitcoin precisely for some time, then we may have the opportunity of investing in it rather than going for fiat savings, the knowledge we have is one of the things that will save us and make us not to take a wrong step in Bitcoin investment, because we are going to be aware of when to invest, how to invest and what to invest into in cryptocurrency, mistakes are inevitable, but we can always avoids on some when we are being intentional about every of our actions with them.

The money has to have some weight before it can be used to purchase Bitcoin because you do not expect someone that is saving $1 to be buying Bitcoin with that $1, they should first save the money up to some decent amount before they then use the money to buy Bitcoin. Saving in Bitcoin is a better choice than saving in the banks because the Banks can not give you the advantage that having Bitcoin gives. You will be eligible to receive the profits that Bitcoin will give when the price starts to rise but having your money in the Bank will keep reducing your money because of inflation that makes money become worthless. There are some money that are small to invest in Bitcoin because of the fees that you will need to transfer the Bitcoin to your wallet.

If you keep money in the bank, the value of money will decrease day by day due to inflation. So smart people don't keep money in bank, rather they prefer to invest. Now all your money cannot be invested, some money must be saved for urgent needs. Now if planning to invest in Bitcoin, then investing in Bitcoin is a better decision than saving money in bank. Investing in Bitcoin now is also risky, but those who invested in Bitcoin in the past and held it for a long time have benefited greatly. So we can say that if you invest in Bitcoin and hold it for a long time, it is definitely possible to earn good profits.

Ok, I read from a reddit posts that he was thinking the same, I mean he stop smoking like 2 years ago and he thought that the money that he will be using to buy cigarettes should be put into good used, - as a investment to Bitcoin. And so he was so happy that he did it, and after two years, he has amassed a good wealth already and then completely stop smoking. So talking about hitting two birds with one stone here. Not only that, he is also healthy as well. So that kind of small changes in life really have a impact on us financially and health wise.