The original post: /r/bitcoin by /u/MoneyFlusher1 on 2024-11-15 01:49:46.

Hello Reddit!

Right now I am 17 and have a little over 350 dollars in my checking account (also 1400 in savings and investments). Since I am new to Bitcoin, I only have around 80 dollars (about 0.0008 BTC) to my name. I’m wondering a few things:

1. How much should I DCA? I only make around 1-200 a month from chores right now, 100 of which goes to my current investing and savings, but I am trying to get a job for more money.
2. Should I have a minimum amount of Bitcoin (0.001, 0.01) in my account despite DCA? I think simply DCAing would be good but I also don’t want to miss out on potential gains, nor lose my money (I might’ve answered my own question but I want to make sure). If not, are there any good goals to set for holdings?
3. What are some good resources to learn more about Bitcoin? I’ve been interested in the topic since middle school, and I have a fair idea how it works, but I want to fill in the cracks and dive deeper.
4. Is a Ledger Nano S with Sparrow + Bitcoin Core a good starter setup? I already have the Nano btw

Thanks for any help! I am probably very stupid when it comes to investing Bitcoin but I’d love to hear what you guys have to say :)