1Sem.·

BTC savings plan - yes or no?

Hey everyone,

For some time now I have been dealing with the topic of crypto, especially $BTC (+0,66 %) . A lot has been happening here recently, see for example $MSTR (-6,56 %) . What has given me food for thought, however, are some states in the US that are apparently on the verge of building up BTC reserves.

I had therefore thought about reorganizing my current savings rate a little, I am currently saving $IWDA (-1,03 %) with €300 per month. However, I would also be interested in a $BTC (+0,66 %) savings plan, so that the €300 savings rate is split between the two and you start small with €50 per month, for example.

What do you think? 😄

Would it be better to bluntly build up some portfolio value via the ETF or spread it out a bit and take BTC with you?

Thank you for your feedback!

31 Commentaires

Stefan21@stefan_21

1Sem.

A Bitcoin savings plan is one of the best things you can do :)
You can look forward to both rising and falling prices and have a return boost in your portfolio.

•

DividendDream@Ijlal24

1Sem.

@stefan_21 im running a savings plan and no regrets

•

“Klaatu_Barada_Nikto!“@Ash

1Sem.

There you are, I had already missed you and had a look at your profile to see when your last post was made, which was five days ago yesterday. #stalkermodeon Makes you worry right away. 😅 I also took a look at your portfolio and saw that you're now also invested in $MSTR. For a while now? I somehow didn't have that on my radar 🙂

•

Stefan21@stefan_21

1Sem.

@Ash Greetings :)
No need to worry - I just worked through the weekend again and therefore didn't have time for GetQuin... I still have some messages open that I want to answer, but I haven't gotten around to it yet...
I bought a small position in MSTR (I think it was in November). In the meantime, however, I've already sold half of the position again with a small plus because I needed some cash and didn't want to sell any Bitcoin😂

I think MSTR is somewhere between genius and madness and I thought a small position in the long term wouldn't do any harm. Either the thing increases tenfold in the next few years or it goes wrong - and then not much would be lost.

Regarding MSTR, have you seen the livestream or the video from Blocktrainer on Bitcoin as a digital commodity? I found it absolutely mindblowing :D
I can remember a discussion here on Getquin in which I described Bitcoin as a digital commodity and I can also remember someone commenting that they'd never heard anything so stupid😂 You absolutely have to watch the video if you haven't seen it yet. I think it was called "Bitcoin - the new commodity" or something like that :)

•

batic420@batic420

1Sem.

@stefan_21 Thank you for the feedback!
My thoughts were more or less as you describe 💭

•

Paul@Pzjs

1Sem.

Sounds good - but because @impuff wrote it, I wouldn't go for Bitpanda - they are simply crazy expensive. You pay significantly less at Bitvavo, which - like Bitpanda - has a very beginner-friendly interface. Deposits via SEPA are free of charge, e.g. with a standing order, and it is easy to set up a savings plan, e.g. BTC.
Above all, sending crypto to e.g. a hardware wallet is expensive with bitpanda. (a hardware wallet is a good idea sooner or later)
Some banks now also have the option to save crypto, but be careful! you usually have no access to your crypto, you can only buy and sell it there. you can't transfer it to a wallet, you can't swap it, you always sell it for fiat ... and you pay high fees for that too. (as far as I know, this is the case on e.g. TradeRepublic, N26 and a few others)

•

batic420@batic420

1Sem.

@Pzjs All right, thank you!
I'm actually only on TR at the moment, but I've also heard that crypto is rather worse off here. Now of course my question - why the hate or criticism?

•

Paul@Pzjs

1Sem.

@batic420 I would like to answer that, but unfortunately I don't know where you read "hate or criticism" - exciting. None of it was intended as hate or criticism. Just a reference to the big differences in fees.

•

batic420@batic420

1Sem.

@Pzjs was in no way intended as criticism on your part.
My only concern here is that I have already read on GQ, among other places, that TR is simply not the right place to go for crypto. That's what I meant by "hate or criticism", I gratefully accept your comments about the fees, that has nothing to do with my question about TR 😎

If that's how it came across, then sorry... it's easy to write past each other 😅

•

👺@Etf_Milano

1Sem.

@batic420
I'm actually in the same situation: my savings plan on cryptocurrencies starts in 3 days on TR.
That's because I got enough assurances about the administrated tax regime and I wouldn't worry with separated tax declarations.
I read TR holds the crypto on BitGo wallet, but indeed there's no access for a transfer to a different wallet. We can only buy & sell.
Let's say TR is going to be the first place where to start this kind of savings and in the meantime I'll look around for a different hard wallet with convenient costs. Of course, while I'm still studying the whole topic.

•

Paul@Pzjs

1Sem.

@Etf_Milano The problem is that you can't get your coins from TR to the wallet. You can only sell them, pay fees and taxes and then buy the coins on another platform or possibly via your future hw wallet. You cannot move them directly. If you want to do this, buy your coins via bitvavo, bitpanda, coinbase ...
Edit: You don't necessarily need a hw wallet to start with - your coins are stored more or less securely on most exchanges - so there is no real reason to prefer TR to an exchange ... It may be more convenient if you have your account there - but that shouldn't be a criterion

•

👺@Etf_Milano

1Sem.

@Pzjs got your point Paul and thanks for the advice. I'll look around for the best option for Italian users in terms of fees and avoiding headaches with the tax declarations.

••

Paul@Pzjs

1Sem.

@Etf_Milano This might help you
You can also test it for free - as far as I know, Italy should also be included
https://blockpit.cello.so/Or9BUJuf3Tn

••

👺@Etf_Milano

1Sem.

I'll start my weekly savings plan on crypto this coming 17th of February since Trade Republic offers an administered tax regime for Italian users.
I'll begin with 15€ on $BTC 5€ on $ETH, and 5€ on $SOL per week, so it's just 100€/month.
I'm a late beginner and I wanna test my own reaction to the high volatility.
Cryptocurrencies will make a tiny percentage of my newborn portfolio, but I can't wait to see them floating.

•

investment_sage_1400@investment_sage_1400

1Sem.

0.30 cents every hour :D

•

Schoberer@Schoberer

1Sem.

@investment_sage_1400 Strike best app. But I buy daily

••

Manpreet@savvy_investor_wbnne

1Sem.

Thanks!

•

Murcielago@impuff

1Sem.

Can't do any harm. I also recently set up a savings plan for BTC, with 20 euros a week. With Bitpanda, for example. It's my only savings plan because I don't want to get too involved with Bitcoin. I trade shares and ETFs manually.

•

ssavant@ssavant

1Sem.

It’s a good thing ! You should learn a bit more on bitcoin. It’s worth the time. I’m very optimistic regarding its future price.It’s the first digital scarce asset made by man. And it is hard coded within its nature. There will not be more than 21 million bitcoin and they are almost all mined already. It can only get better.

•

batic420@batic420

1Sem.

@ssavant thanks for your reply!
I‘m also very optimistic regarding krypto, especially $BTC thats why i wanted to collect a few opinions from you guys out there on my future plans 😎

•

ssavant@ssavant

1Sem.

Just remember : bitcoin is not equal to crypto 😎

•

Ace_Tobi@AceTobi

1Sem.

strong profile picture haha

•

batic420@batic420

1Sem.

@AceTobi I can only give back 😎

•

Giuse@Coyote980

1Sem.

I also put butter in monthly with a savings plan. However, only 25€....but....as soon as it goes down a little...which it always does, I put some butter back in.😅I watched last time how the bag always bought at 100k 😅...only to fall back to 90k afterwards. Since then always 50/50 ...whether it does any good? I think so, I don't buy at 100k anymore 😂 in any case, it doesn't trigger me anymore

••

Paul@Pzjs

1Sem.

@Coyote980 try buying on Monday night, you have a good chance of taking advantage of setbacks. You might also come across the term "Fake Monday"
Although ... since Trump's "weekend announcements" of tariffs and such ... it looks to me as if a few people are also bringing their sheep to dry on Friday to be on the safe side.

••

Chris@Multibagger

1Sem.

@Pzjs However, I have not yet seen a provider where you can always have savings plans executed on Friday or Monday night.

••

Paul@Pzjs

1Sem.

@Multibagger You're probably right, no one will offer this for monthly payments, but it's possible with weekly or twice-weekly intervals. Some also offer the time of day.
I used to run a USDC savings plan (to reserve money) and then swapped when it suited me. However, you are then quickly tempted to buy leveraged ...

••

Giuse@Coyote980

1Sem.

So with Bison I can choose the day ...but unfortunately not the time ....

••

Paul@Pzjs

1Sem.

@Coyote980 Time of day is possible with bitpanda - but I wouldn't recommend it because of the fees

••