Bitcoin Forum

I have decided to continue my involvement with investment in Bitcoin. My conviction in the importance and positive tendencies of bitcoin cannot be complete if I continue to just discuss and learn about its existence. I believe that a practical approach to learning is the best approach, hence my decision to invest in bitcoin with the  little funds I have at the moment. I also believe that little drops of water makes the mighty ocean and I'll continue my investments when  funds present itself. I wish to take my journey to another level of involvement, hence my decision. I hope and know that in the nearest future, I will be proud of the decision I am taking now. I intend Hodling my coins for a long time to avoid a repeat of my  former tragedy.

Here are proofs to backup my claims.

reference: 20543928429965520896
https://www.talkimg.com/images/2023/10/07/RXX82.png
                  

This might seems small amount to start with but if you do this consistently every week, by this time next year you should have about 0.183 Bitcoin which is around $5k using today's price. I will encourage you to keep it up because you are buying at the right time.

I understand what you're feeling, and this is the next step after studying Bitcoin for a while. Acquiring these rare coins can indeed be a bit adrenaline-inducing, but with time, you'll grow accustomed to making peace with the tense moments.

Keep accumulating purchases if you intend to make BTC a long-term investment. And don't forget that typically (although it's not guaranteed), during each halving cycle, there's the potential for a BTC price pump. I hope you'll be one of those who can join the party when that time comes.

This is actually a great time to get in into bitcoin. The price is relatively cheap and the bull run is right around the corner

Congratulations on joining the bitcoin family! It's nice that you have the courage to buy and accumulate with the little income that you have at your disposal. It's good to start small, as it's a sign of how much love you have for the currency, and you don't want little financial help to be a hindrance.
 
I was also among many others who bought bitcoin, added more to my portfolio, and celebrated it here. I know the feelings; the amount might seem small to you, but protect it with the maximum security that you can afford.
 
If you know that you want to hold it for a long time and still have plans to buy more in a little time, then I will advise you to get a little higher amount, get a self-custodial wallet, and move them to a place where you will have full control over your bitcoin. Blue Wallet and Electrum are among the best recommended; you can choose one of them and set it up.

hi there

hope you doing well buddy first of all i feels good for you as you really take a good decision. We all know that world becoming digital day by day so there no doubt you will be able to feel proud of this decision well buddy if you are new in this field of cryptocurrency i would like to suggest some strategies which will help you in this field to overcome of your problem and you will be able to take your decision easily by Reading them

• A Guide for Cryptocurrency Newbies for Overcoming FOMO (https://bitcointalk.org/index.php?topic=5467606.msg62880768#msg62880768.html)
• Buy the DIP, and HODL!  (https://bitcointalk.org/index.php?topic=5132720.0.html)

 

by reading these threads you will be able to learn more. These threads are full of seniors where they shared their experiences and well defined strategies for the accumulation of Bitcoin

You are off to a good start and there is a basic basis for deciding to invest. but try to have a plan after purchasing on a centralized exchange make a withdrawal to a really safe cold wallet. Don't keep it too long on a centralized exchange. Maybe you can do it once a month. This means that if you buy 10K Naira every week then in a month you will withdraw 4x purchases at the end of the month to your wallet. So by having a structured plan like that you can enjoy the investment process much more. Of course, this must be supported by stable finances, so you just need to adapt your own version of investment according to your abilities.

Congratulations on buying the world leading cryptocurrency BITCOIN. Learning without practice might seem easy, but it's not a waste of knowledge. Your choice to physically handle Bitcoin sets a good example for those wanting to understand it. Now, the most important thing is to learn how to keep your money safe from hackers. Investing in BITCOIN now, can help you gain more experience as you journey through the world of cryptocurrency but always remember to do your research, know your risk, and only invest what you can afford to lose because Bitcoin can be unpredictable.

Many people have made money by holding onto their coins for a long time. So I will also advice you to hodl and stay updated with lastest market info.

You have just taken the first step towards your Bitcoin journey. This is a great move and I commend you for that. You can continue acquiring more coins using DCA and keeping them safe in a safe wallet. You will be surprised that in a few years, you will have acquired a reasonable sum. You can consider using an Electrum wallet since your fund is not large enough to warrant the purchase of a hardware wallet. But you can consider buying a trusted open-sourced hardware wallet like Passport or Bitbox in the future. You should also learn how to keep your wallet safe to avoid losing your money to hackers. I know you are excited to buy bitcoin but you don't need to announce what you have done. We should learn to keep our lives off the public, that is why we are bitcoiners.    

Don't worry too much about the price if you are going to HODL it in the long term and you are going to be dependent on the times you are going to buy instead of the price you are going to buy. It's best if you are able to have that motivation and make sure that you are doing the right things for your assets.

It's already a good step and you've invested in Bitcoin even though your initial investment looks small,
but if you do it consistently you will have a large and growing investment.

I'm also doing the same, setting aside some of the earnings from the Signature campaign for the long term.
$10-$50 per week is the amount I invest every week at any price.
This has been consistent since a few months ago.

Price fluctuations are normal, just need to be patient and wait for the main target to be reached.
Don't waste this rare opportunity, we don't know if we'll still be able to buy at low prices or not, because this is still a good opportunity for retail buyers.

Good luck to you OP. I have full respect for every single person who decides to change their lives for the better by buying bitcoin. No matter how big or small, every cent taken out of the breaking fiat system & invested into bitcoin is good. Just keep buying bitcoin regularly, you can’t go wrong.

Congratulations on your decision to continue investing in Bitcoin. You can continue to have more Bitcoin, especially since the price of Bitcoin has not yet risen any higher. It's okay if you can only use a little money to invest in Bitcoin because it can give a profit for you in the future.

And everything starts with small things before we can start with bigger things. And this applies to investing in Bitcoin. I also started with little funds because I had to allocate my budget to each expense that I had for each month. And if you can buy Bitcoin regularly, you can have more Bitcoin.

The important thing is that you continue to do DCA when buying Bitcoin and don't think too much about price movements. You need to focus on investing in Bitcoin to continue the DCA. Use this time to collect more Bitcoins.

so 0.00035334 is a good start. it is about  10 US dollars

In many parts of the world 10 US dollars is an affordable amount.

May I ask do you plan to buy 10 USD a week or two Weeks or a Month? For the next year then reassess your next move?

You just have to get started no matter what the amount is and then there is no limit for more opportunities.
You are right when you say small drops make a mighty ocean because that's how I have done it and hold a decent portfolio today.
Although its not huge but over time I am sure I will make it good. Congratulations on being a part of the community and keep holding strong.
You will face many ups and downs but you have to keep holding strong and that's how you will achieve your dream.

Yep he or she is on the way. I hope that he is doing an affordable amount and will be doing a type of dca for a year or more.  People do not realize 10 dollar a week adds up over time.

Also BTC will hopefully continue an upwards journey at a pace that is better than inflation making his investment worth while.

What can I say, other than congratulate you for taking the bold step to invest in bitcoin, Bitcoin like we know is the head and the pillar that hold the entire cryptocurrency ecosystem, Bitcoin is the only genuine crypto coin we  have in the cryptocurrency market, i wont say that investments in bitcoin is risk free, but its one with the lowest risk, and it can actually be risk free, it all depends on when and at what price you are buying, and depends on what price you are ready to sell it and how long you are ready and willing to hold your coins.

And again, the amount you invested is quite small, that amount is around $10 going by todays exchange rate, but then, still very much better than nothing, just use DCA strategy to buy more bitcoins and hold in preparation for the very much anticipated bull run, you will not regret as long as its bitcoin you are investing in.

Congratulations on your first purchase! Even though it's a small amount of BTC, it's great that you actually went ahead and went through with your first purchase. Some never actually go ahead because they're too hesitant about it and keep postponing it. This is a good start and a stepping stone to your Bitcoin journey, and the time isn't too bad; we're less than a year from the upcoming halving and a potential bull market within the next two years. Thus, your investment's potential is quite decent, provided that you're able to keep investing until the halving cycle.

Coingrats!  Your journey to financial freedom begins with 10.000 Naira

Back in the days 0.05BTC was something people just bet in one sports match. Now they couldn't afford to spend it for the whole month. They have regrets every time they login to their account and see their betting history.  0.00035334 BTC will also be higher in value when time comes and you will be happy to see the little BTC you got today turns out to be your greatest investment.

You have really made a good decision. This start of your journey will bring you to a good destination in the future. Just continue to invest, and do DCA even if it's just a little, in the future, you will see the fruit of your investment. A lot of people are doing that, it is a good start because the price of bitcoin is still low compared to its all-time high. If it goes back to the ATH price or even higher, your money will be multiplied.

Congratulations Op, you have done well by taking that bold step. Just keep it up, and you will never know what amount you might be celebrating next time. It starts small, and with continuous effort, you will be able to have something tangible.


Yea, the amount is relatively small, but it's someone's salary here in my country, and most people wait for 28 days in order to get paid that amount. It sounds funny or sad, but it's the truth.

For the OP to be able to buy that amount, I believe it's earning more than that, and if there is an increase in his income, he can go for a weekly or monthly accumulation, which can help him secure a rationale before his targeted time.

Good luck with your Bitcoin journey and congratulations on the Bitcoin you bought. You must improve your knowledge and gain better experience about Bitcoin. Since you have invested in Bitcoin, use a good wallet to keep your funds safe so that no one can hack your funds. And if you continue to grow your money like this and keep buying fractions of bitcoins, eventually you will have a good amount of bitcoins in your wallet. So I would advise you to keep investing so that you can buy and hold more bitcoins in the future. And you have to always think positive about Bitcoin and never lose patience, the market can be volatile at times, so you have to be aware of that. You must be aware of the risk and also add the amount of money you can afford to lose to the investment. And you must always keep this in mind by investing never be volatile rather HODL it for long time.

To produce a hill, you have to pile up the soil little by little. Your belief in the potential generated by Bitcoin in the future will further strengthen your determination to invest when the funds are available. The steps you take are great for saving the value of your money. Do it consistently, even in small amounts, you will feel big benefits when Bitcoin has reached the price desired by all investors.

From what I saw of you, dude, the important thing is that you immediately decided what to do next. I mean, at least you took a step to start saving Bitcoin. It may be a small amount in your fiat currency, but I think that if you do it once or twice a week until next year, that will definitely be a big value.

Just keep going and don't stop at what you started; it's here to laugh and stand up for the belief formed in your mind about Bitcoin or cryptocurrency.

You made a right decision, Because Bitcoin's price is very low at the moment, if you hold it long term and Continue DCAing, you may will surely make profit.
People tend to learn about bitcoin and Discuss it with others, but not Buy it or involve in investment, because of risk involved.
Taking practical steps, such as investing, using, is essential to fully understand its potential and benefits.

I agree, but It may seem small amounts to you, for developing country or small countries it may be their monthly income.

Congratulations OP on taking this bold step in investing in bitcoin. After learning about bitcoin and understanding its basics and furthermore some technicalities about it, investing in it should be the next thing to do and I’m very amazed by this bold step you’ve taken. You don’t need to worry about your investment if you’ve made up your mind to invest for a long time because that will be the best for you in order not to get disturbed about your investment during market volatilities.

As many people have said, you’ve invested a little amount into bitcoin but the courage of investing in this little shows how dedicated you are into making this investment possible in the long run. Next time, you don’t need to expose your portfolio for others to see what you got in your wallet for security reasons. Privacy and security is one of the basics of holding bitcoin. If you’ve used an exchange for the purchase of the bitcoin which looks so, you’ll need to move it to a decentralized wallet for complete ownership of your coin. I wish you a successful bitcoin investment as you’ve taken the right step already.

Thanks  buddy for the links, I'll surely check them out. There's a lot of learning to do and I'll not get tired of accumulating useful information that will guide me on my crypto journey. I'm grateful

Congratulations, you made a good decision that what some people don't understand am very sure this amount you invest he will come and bring you huge profit but he will take a time just leave it for long term, continue learning about bitcoin and you will get more knowledge on it since you have started your journey now on bitcoin do not feel discouraged when you see the price decrease just be patient and leave your coin the price will rise again because the price is volatile The price of bitcoin can rise and fall at any time, that what some of my friends don't understand they don't want to invest in bitcoin because it is volatile, keep buying bitcoin if you have money so he can increase your profits when the price increases, you will see how bitcoin investment will change your life if you achieve your goals that is the best investment have ever seen that will make you happy forever, just find a better wallets to safe your coin because of hackers.

Many people are now get into the bitcoin investment by considering the next year all time high to the bitcoin.Since the five year was over after the last all time high, So you had get into the bitcoin at the right time.Add your free money into the bitcoin,their will be bull Run before the end of this year.The most important one is your need to add more dollars into the bitcoin till the year end.So the profit percentage from your investment will be high after the next all time high in the bitcoin price in the upcoming year.

Wow that amount is actually mind blowing and to think who would have even thought that you can save up to that amount with just this little amount of about #10000 but thats the power of saving and buying through DCA. You don't get easily affected by your buying because the money you will be using to buy this coins will be a portion of your actual earnings and that's good but the only issue here is just to be consistent on this because humans are always fund of going abstact out of their plan.

You don't necessarily have to expose the amount that you invested in bitcoin to anyone who chooses to believe you will do so. When investing, you should make it private. You can inform the forum members that you just invested in bitcoin, which is going to motivate lots of people who are still planning to invest in bitcoin, but you shouldn't upload the amount that you invested, you should have just blurred the part about the amount you invested. I don't really like displaying my bitcoin investment because I believe it should be kept personal.

I think that btc is most suitable for long-term hodling, it requires patience, but I'm pretty sure that it can bring some profit in a couple of years. Short-term is quite risky in any trading, but in crypto is extremely risky: fluctuations are unpredictable, nearly all the altcoins are likely to be a scam. So long-term hodling is the best option. As for adoption level, I think there will never be really high level of adoption, but there will surely be some improvements.

I can see you bought those coins on a exchange, i hope it isn't still in that exchange. The amount you bought may not be big, but don't store your coins in an exchange, especially as you are planning on buying more coins and holding it for a long time. Move your coins into your Electrum wallet, and run Electrum on an airgapped device when you have more coins, or you just buy a hardware wallet.
There is no need for this proof, and in my opinion there's also no need for you to even tell us that you bought BTC's in the first place, but even if you want to post it, we don't need to see everything about the tx.

OP you have chosen the right way at the right time. You have invested small amount in Bitcoin, it is better to invest small amount as a learner in the first stage. I would like to congratulate you that you have invested in the most popular bitcoin currently. You can gradually grow your small fund. If you have enough money to invest you can follow DCA and buy Bitcoins. You have invested in Bitcoin at the right time. You continue to invest and hold for a long time. You will hold till atleast 2025-26 hope you will get lot of profit.

Welcome to the smart financial side of life which is bitcoin  and I love seeing  people taking the bold step of risking their personal funds and that's a typical show of commitment and I can as well relate with the joy that comes with owning bitcoin the first time.
I don't know how long you've been acquainted with the knowledge  of Bitcoin but I would want to say that, you're not late with your investment and since Bitcoin  is still in the struggling stage, you should continue buying and in a year or maybe two, you should be loud of your portfolio if you never gave on accomolating now.
Goodluck.

If op continue like this and keep accumulating Bitcoin, it would be very surprising for many to see that he might accumulate more money than expected. If we can't do something once, we can decide to do it gradually and make sure we reach the level we intend to be. Bitcoin holding is not something we need to force ourselves to do without consistently buying and keeping for when the market price will reach the limit that we want it to reach before we sell our holdings. This is the same pattern the big investors we know are doing to hold there coins. We need to learn how to buy and keep our holding as long as we like.

It doesn't matter how much you bought; the fact is, you are holding Bitcoin. Don't feel yourself small, because you are part of a big community called the Bitcoin community. You said true; without acquiring Bitcoin, you can't gain proper knowledge. I assume you bought through Binance P2P and will be discouraged from storing your bitcoin there. Just use a non-custodial wallet like Electrum to secure your funds. That's the better way to avoid unwanted incidents.

Yes, the OP seems a little pessimistic about the small amount of investment he made, but it's a good start to continue accumulating.
0.00035334 BTC will be a large amount when holding for the long term and capitalizing on the momentum of the Halving that will happen next year.

When the price of Bitcoin reaches an ATH of more than $150k it will be a sizable amount too if the investment continues to accumulate.

Storage on the Electrum non-hold wallet you suggest also seems to require security from the user,
as the password phrase will be the responsibility of the user to secure properly.

Some Electrum users have been hacked while using the Electrum app, perhaps due to the vulnerability of their device or their carelessness.
Hardware wallets are a good suggestion too, but choose one that is Open Source and fully developed on a regular basis.

I mean it's a good start to probably do a dollar cost average so that you could accumulate Bitcoin over time, I just dont recommend you put your investment into a centralized platform even though it is a popular one because you don't have control over it, you could start to something like electrum, been using it for a long time already and so far it works great as a Bitcoin wallet didn't experience any issue so far so I think it's going to be a good starting wallet if you're looking for a convenient Bitcoin wallet that you could use if you're not planning to buy something like a cold storage wallet.

It's a good thing that you are already here in the forum because this is probably where you could learn a lot about cryptocurrency I wasn't really in on cryptocurrency and because of this forum helps me a lot to understand a lot of things, and we have a lot of experience members here that is going to give you great advice, you could easily post your problems here in the forum or ask for advice here and for sure a lot of members are going to respond to help. Good luck on your cryptocurrency journey mate!

Getting started with investing is easy as long as you have the money. The question is, how consistent you are in doing that because TBH, you might face some financial challenges in the future, and that might affect your investing since there might be a time that you don't have money at all.

Another one is that, how good are you are in holding those Bitcoins. Are you willing to resist the temptation, and choose not to sell it at it's peak for a higher profit in the future? Can you control yourself not selling it when everyone's panicking? It's good that you started investing in Bitcoin, but investing alone isn't enough. Consistency, and self-control can help you become a better investor, and have a higher profit as well.

Good luck OP.

Yes choosing the bitcoin part is one of the greatest decision of anyone person and this is also important to start on time,  so if you see anyone who made such decision to start Bitcoin journey is still among the early adoptors this so because,  bitcoin have proven over time to be the best store of value for long term invest and for that,  you must have to play along with the current trend and build a good knowledge of the market before diving into it.

This is important and the fact that Bitcoin become an anti-deflationary asset makes it more fun to take the long journey to attaining financial freedom.

Before they make the decision to start, of course they have seen people who have been successful in this field, so they dare to decide to start learning about how to invest or trade and also the risk of losing their money if they make mistakes which could happen because they are just starting out. I agree with you that it is important for those just starting out to be able to build their knowledge to be able to develop in the field of trading and be able to profit from it.

It is true, you get nothing if you are only discussing Bitcoin but you never invest in Bitcoin. You've made the right decision by spending little funds on Bitcoin. It will become a bigger number if you continue buying Bitcoin consistently although it is with small funds weekly/monthly. The hardest part is to keep holding the Bitcoin and be consistent in buying Bitcoin.

What level do you expect?
Do you want to be a bigger holder? A person who holds Bitcoin with a big number.

How long you plan to hold it?
I assume you still need to plan about how long to hold it.
You won't hold it forever. There should be time to sell your Bitcoin if you buy Bitcoin for an investment.

Anyway, what tragedy you experienced previously?  :-\

Actualization is way different from planning. There would be factors you won’t be able to recognize in your planning phase such as with volatility itself. You’d be analyzing the market as is but factors such as FOMOs concerning news could really make a huge impact with Bitcoin’s market value. There are alsk irregularities price’s behavior that no texbook would explain. Actualization means to see it for your very own eyes. It will also help you develop coping behavior once you suffer from loss. In my case,knowing when to buy and sell is what I have learned differently when I started actually investing in this industry. Textbooks would only tell you to buy low and sell high but what about the cycles? The price won’t only go up and down in an instant. There are sudden motion changes and I have only realized it later when I suffered from my first loss. Creating your own analysis is a good thing but has its own limitation, the best thing to do is to do both analysis and actualization to make a more efficient investment output.

Most times, internet videos make trading seem very easy and attainable by everyone but the truth is that, trading isn't as easy  as it seems on the internet and anyone getting into trading shiukd be ready  to spend good quality time and money learning and possibly  get a mentor rather than jumping on a broker with hopes of lucks.
I once traded synthetic indices and I do understand the risk involved in trading and that's why I always do my best to let especially  newbie traders to take their time in learning before investing any money in trading as nothing is guaranteed in trading.

Your "little drops of water" concept is fantastic. Its true that even the biggest endeavors frequently begin with small steps. But consider this: won't the ocean become somewhat static if we all continue making modest contributions and then just hodl, hodl, hodl?

I must also ask: have you thought about allocating some for diversification into other assets or cryptocurrency coins? Sometimes diversification saves your life. Even if that basket is quite dazzling right now, you shouldnt put all of your eggs in it. In any case, good luck with your investments and may your money grow!

I mean if it’s a lot of money to you, be careful of how much you’re “investing” in to Bitcoin. This post of hope on bitcointalk I guess is a good way to feel positive about your investment or whatever, just make sure that if that bitcoin value were to go to zero, that it’s not a huge financial burden to you.

Diversification is key, but stability is what should come first in any portfolio. Just make sure to remember that.

Also be careful with how he stores his bitcoin.

He bought it through Binance P2P trading and I hope he did not and won't store his bitcoin on Binance.

Reminder: do not keep your money in online accounts (https://bitcointalk.org/index.php?topic=5421039.0)

Choose wallets
Chose your wallet (https://bitcoin.org/en/choose-your-wallet).
[LIST] Open source hardware wallets (https://bitcointalk.org/index.php?topic=5288971.0).
Recommended wallets (https://www.lopp.net/bitcoin-information/recommended-wallets.html).

As a newbie, I advise OP to use Electrum wallet.
[GUIDE] How to Safely Download and Verify Electrum (https://bitcointalk.org/index.php?topic=5240594.0).
The paranoid user's security guide for using Electrum safely. (https://bitcointalk.org/index.php?topic=5456886.0)

With Electrum wallet, multisig and cold storage wallets are available.
Creating a multisig wallet (https://bitcoinelectrum.com/creating-a-multisig-wallet/).
Creating a cold storage wallet. (https://bitcoinelectrum.com/creating-a-cold-storage-wallet-in-electrum/)

You have made a good plan, your decision to take this investment is truly remarkable. Since you have purchased a small amount of Bitcoins now, you plan to buy more Bitcoins later. Also, no matter how much Bitcoin you buy, it's always risky not to use a centralized exchange. As much as possible you should use a strong hardware wallet for your money, it will give maximum security and safety for your money. Moreover, if you invest this amount of money every month in Bitcoin, you will have a good capital at the end of the month. So your plan is really good and you continue your investment once you can own a good amount of bitcoins.

Mate, you have taken a bold step into the cryptospace and I applaud you for that. No amount is too small to invest with. However, you should try as much as possible to continue buying regular with this amount so that bit by bit, your bitcoin portfolio will keep on increasing. One don't need to wait until he has all the knowledge of bitcoin or a huge sum of money before investing, because the best way to gain better knowledge on bitcoin is to also put it into practice as both knowledge and investing goes hand in hand. Keep on learning more on what you have invested in (bitcoin) and keep on growing your investment.

Looking at the amount of bitcoin he bought from Binance, do you think that would be enough for him as a transaction fee if he withdrew it to his non-custodial wallet? I think his participation in this forum means he already knows about the risks of storing bitcoins on centralized exchanges but sometimes because there are so few bitcoins, withdrawals to non-custodial wallets not wise. Maybe he's waiting until he has accumulated a decent amount of btc and withdrawing them in 1 go to save on transaction fees.

28 days of working for 10 dollars? Dang. It wasn't funny but it is sad. Those who find it funny and laugh about it will soon get their reward soon. Maybe worse thing can happen to them like their business will get bankrupt and they will live in the streets without anything. Obviously, the OP is earning more than that for him to afford it because if not, he can prioritize other more important things first and can hardly invest just like what most poor end up.

And in investing, we are often told to invest only amounts that we can afford to lose. It is rare that someone will invest big amounts which are outside of their capacity. They are lucky if their outcome is positive. If not, they can lose their mind and break their lives. Most jobs are being paid per two weeks or monthly. I think this is also how DCA is done. It's much easier.

Welcome back on the train of happiness.

As others have said, I also think now is the perfect opportunity to come on board and start investing again.
The market looks promising and even though of course we never know what's gonna happen the signs are pointing towards an uptrend rather than down.

it's wise to start the way you do, just in smaller amounts, but steady. That way you can increase over time and hopefully build a nice portfolio for yourself!

You have to start with a small fund, we can suggest that other coins with a small fund are better, but in Bitcoin the more we fund, the more we engage ourselves in trading. Although that is a good decision to invest now in Bitcoin, the price is quite good to buy, so you easily get a profit in the coming year i.e. 2024.

You must be proud of your decision as Bitcoin Halving is coming, and always we know Hodl is the key to success. You can buy with even this amount in pieces, you have to look at the prices in different stages and you can easily buy at different prices to get fully involved in it and get your full benefits through your investment.

Everyone has to start somewhere, only those that have already saved a lot of money can get away with investing a significant amount of their savings in bitcoin, the rest have to start small and accumulate all the satoshis they can.

The main factor here is to be constant, there have been studies that show that a person that begins to invest just a few dollars per day and do so for decades will at retirement age become a millionaire, this shows the strength of consistency and compounding interest, and with the volatility of bitcoin such a result should be even easier to replicate.

Even how small it is, an investment is still an investment. The money he invested in Bitcoin will grow over time, it may be small for now, but in the long run, the invested amount will be more than double of its expected amount. If this is done every week or every month without fail in this current price of Bitcoin, that would be a great accumulation.

That's true, what's important is all about consistency and not the amount of money being invested. Small or big amounts of money, it doesn't matter as long as you have the plan to invest for a better future.

I don't know how you did the numbers, I think you did it upside down and missed a 0.

0.00035334 bitcoin for 4 weeks for 12 months gives me 0.01696032 bitcoin which would be about $468.49 at today's price, not 10 times more as you calculated. Anyway, if the OP lives in Nigeria, that might be a good amount of savings for him.

You just need to consistently buy it and also store it in the right and safe place so that it doesn't experience hacking and so on so that your investment is in vain. That's why it's important to learn about security for storing Bitcoin, but what's no less important is that the money you use to invest is really money that is not for important things because you are very likely to sell it in a hurry because you are pressed for important needs, and the amount you use to buy is the amount you can afford to lose, and congratulations on your start as a Bitcoin investor.

seems that you forget to mention why you say this is starting again? have you stopped and sold all your bitcoin in the past?
or what you mean is that your investments continues ?
well if you mean to be again like invested in the past then stopped and now re investing , then that is a different thing from continuously .buying one at a time.

Definitely must have financial resources for it and this is a worth while personal effort. This means that this is a conscious effort on your part and this requires time and experience too. For new investors, whether individuals or others who have just entered, they must be very careful in diving into this new area, at least someone has learned how investing works and Bitcoin trading patterns in the market.

You have done a good thing for yourself, just learning and discussing about it is not enough prove that you are also a bitcoiner. When you tell people about adopting bitcoin and you yourself is yet to adopt it how do you think it would sound to them? They will not want to believe in it so owning a portion of it will make it easier to convince people to adopt bitcoin.

It doesn’t matter how much money you start with, we have seen some people start with even less and now they have accumulated a significant amount of it. The most important thing is to start, just continue growing your portfolio gradually and with time you will be surprised how much you have of it you have gathered. Bitcoin’s potential is known to all and we believe with time the story of bitcoin will change and in future you will be definitely proud of your decision.

I hope you are aware that Buying is a step and securing your assets is another step on its own and it the most important thing because there is no future when you don’t have any bitcoin. I believe by now you should be aware of how to secure your bitcoins but if you are not you should search a post on the forum of how to secure your bitcoin and the best and safest wallet to store them. Never store your bitcoins in an exchange wallet where you purchased them.

It is so thoughtful of you because Hodling is the safest way to maximize profit from owning bitcoins but i hope you are mentally prepared to embark on this long journey. I don’t know what happened in the past but i hope you don’t repeat the same thing as you claim you did in the past.

OP, going to do a really great job. So good luck to him. @OP invested amount is around $10 according to usd. If he invests regularly then his investment rate will increase and at the end of the day he will earn good money. I am really happy to see his decision because it is possible to change your life by investing in Bitcoin. Your suggestion is great if it's his first investment it might seem like a small amount. But if he has more money left over then he can invest $10 per week which is not possible otherwise. And if @OP thought he would make some profit from the investment then reinvest. Then I think the future is not bright for him because bitcoin cannot earn good money with such small amount of investment. So he should invest consistently.

Apart from being careful, new investors must prepare everything they need, such as basic knowledge, for themselves. Because if a new investor doesn't prepare this, he himself won't know how to be careful because apart from having to learn how to invest, an investor also has to study the market situation and the assets he wants to target investing in in the long term. Because without basic preparation, I think it will always be difficult for anyone to take steps and it will also be difficult to understand any patterns that they will carry out later.

Congratulations! I 100% agree with you that learning through actual practice is necessary to actually learn. While of course there is always a significant importance in reading and knowing the facts before making a decision and action, actually getting to move and take those actions is just as necessary. Moreover, since you have used the term "again" I'll assume that you used to have former Bitcoin investments and decided to step back before. Regardless of the reason as to what led to that end, I'm glad you are able to find a new reason and the drive to go back and continue your journey. Perhaps with your new knowledge from the information you read and found while taking a break, you'll be able to access your decisions and actions more accurately and smartly. Kudos to you OP, hoping for your success.

If you keep depositing bitcoins like this every week, at some point it will become a large amount. Now this amount may be small but in the long run if Bitcoin can be held by DCA then it will definitely turn into a big asset. In this case, I can't say anything small for long-term investment in Bitcoin. Because those who invested little in Bitcoin in 2016 have become owners of huge amounts of money today. This small investment will turn into a big one when Bitcoin turns bullish again in the future from its current price. If you are planning to invest in Bitcoin, it is better to invest now.

I agree with you on this, as many of us probably know the saying that tiny grains of sand make deserts and tiny water droplets make oceans. By these sentences they mean that it is possible to make a large profit in the long term if the small investment in Bitcoin is carried out regularly. I myself have taken such a strategy that I will invest a certain amount of Bitcoin every week or every month to hold it for five years or more.
However, it is best to adopt a proper strategy, learn some fundamental analysis when Bitcoin price drops and be ready to invest. Bitcoin's halving time has also arrived, I think now is the proper time to invest.

I will tell you that you are doing the right thing for yourself.  You can only make good profit in bitcoin by hodling it for a longtime,  this is just the secrete of bitcoin. All you need to know is to understand the market which will really help you in your investment. Sometimes the market might be be scary because of the drop of price but never let the fall of price in the market should be a distraction to you. Many people have been decieved by the market which led them to sell their coin in fear, but never be scared of volatility of the market because when the market falls it is an opportunity to buy more.

I take your statement that a little drop of water can make a mighty ocean as a real fact. If I interpret it in a meaningful way, it implies that while a person's first invest in bitcoin with little he has, it may seem little, but if they continue to invest gradually with the same pattern, it will end up being far bigger than they could have ever imagined.

Some investors fail to realize that it's not ideal to invest the entire amount in bitcoin at once. You start investing with a small amount of money that you can afford to lose, and as time passes, you steadily increase your investment until you have accumulated a large sum of bitcoin for yourself.

I understand how you feel now. May your journey be successful. But now your investment amount is very less. Which should increase your investment money over time. And you have come to invest at an opportune time. But you should remember that many people are in Bitcoin before this
Invested in bitcoins but few of them are alive and the rest have disappeared with time. So you should know about bitcoin so that later you don't get lost like them.

You are doing so well, you are starting to decide to continue investing in Bitcoin after knowing the potential that can be generated from Bitcoin investment. Limited funds are not an obstacle to starting your story of investing in Bitcoin, do it consistently, you can increase the investment amount every time you hold funds that are not used for other needs. Next, you have to choose a safe storage place to keep your assets. Avoid storing assets on centralized exchanges because they are very vulnerable to hacking.

It would indeed be ideal if we invested the majority of our capital in Bitcoin and invested in several potential altcoins, so that besides our capital being safe, we will get more profits, indeed we have to take bigger risks, but we also have to be able to work on it so that it remains safe. safe, considering that investing in cryptocurrency has high risks, but also has higher returns, so knowledge is the main capital before investing

 ::) ::)  It is funny (or should I say strange?) how so many folks, including you Blitzboy, get so excited about dumbass ideas of diversification... as if those kinds of ideas would be helpful for relatively smaller level/sized investors.

The fact of the matter is that diversification is likely neither needed nor justifiable until maybe a person gets to a point in which s/he might have invested 25% or so of his annual salary/expenses (that would be around 3 months or more) into any one asset, and even then, there may not be any need to diversify before having 1 or 2 years of annual/salary expenses into any one asset, and if OP is investing around $10 per week or some other period of time, it could take him a fucking long time to get to more than 25% of his annual salary/expenses in BTC.. and it still may well not be justified to diversify.. why dilute something that is already small.

A more important concept would be to make sure that he has 3-6 months salary/expenses in some kind of an emergency fund. .which would serve as a kind of diversification that would serve to protect him from getting pushed out of his BTC investment based on fluctuations in cashflow, and so many folks have trouble putting together their emergency fund.. and even worry that their emergency fund is not sufficiently working since it may well be losing value due to debasement of the currency.. so yeah their are challenges with emergency funds being able to keep up with inflation.. so each person should be striving to figure out how to deal with the kinds of matters to not be forced out of their investment due to fluctuation in cashflow issues or other things that could come about.. and maybe when they get towards 2-3 years down the road in which they have been building their BTC investment and their emergency fund (perhaps simultaneously) then reassess at that point if the investment into BTC might be starting to get to such a level of BIGness that diversification would be justified.. rather than dumbass ideas of diversification for the mere sake of diversification. .which is just a distraction and likely not even productive, especially for smaller level of investors that seems to be where OP's circumstances fit.


That is why an emergency fund is way more important than dumbass ideas of diversification.. like I mentioned above in my response to Blitzboy.


I cannot really blame members for making these kinds of posts, but many of us likely realize that so much of 2023 has been filled with a lot of high fees, and becoming more of an issue after the date of the above post (especially since November), and likely we realized that there are several issues with having a bunch of small UTXOs, and personally, I do agree with the idea of private wallets and minimizing the holding of coins with third parties, such as exchanges, but also the fact of the matter is that there maybe be some needs to protect yourself in terms of the size of your UTXOs, and I personally do not have any problem of the idea to hold funds on exchanges until they reach $500 to $1k in value, but surely there also might be some needs to get some of those coins into personal custody, especially for someone who does not have a lot of wealth.. so there could be some thoughts of also sometimes moving the amounts to private wallets when they are smaller amounts of $200 to $500.. but I cannot really recommend purposefully creating UTXOs that are smaller than $200 when they are created.. even though others might be willing to accept even smaller amounts. 

Lightning network and lightning network channels is another story.. and risky to hold very much funds on their, and it could be costly to first start out channels.. otherwise getting into custody type concerns with some of the wallet types.


Fuck shitcoins and fuck trading.  They are not necessary... just like diversification is not necessary.. like I already mentioned. .but I forgot to say fuck diversification, even though that is what I meant to say.    :D :D :D :D


Hopefully OP is investing into Bitcoin for the longer term, such as 4-10 years or more into the future and not trying to play around with the wave within this particular cycle, even though I understand that a lot of folks get distracted by short-term BTC UPpity price moves, if that is what ends up happening in the next year or two.


Surely one of the great things about bitcoin is the ability to buy in pretty damned small increments, relatively speaking, as compared with buying something like real estate or even stocks, sometimes it is difficult to get some kind of investment into some of the traditional asset classes... and don't bother with getting distracted into shitcoins, even though it can be quite easy to get into them too.. but the mere fact that you can buy shitcoins with small amounts of value does not mean that you should... even though you should buy bitcoin with a 4-10 year or longer timeline if you have such an ability for such a timeline, and then try to be as consistent, persistent and ongoing in your buying of BTC as you can, and over the years of a cycle or two, then reassess from time to time, but likely you will find yourself in a decently good place and you can figure out if you have accumulated enough BTC to justify changing your strategy... yet I doubt that $10 per week is likely going to put you into such a state of having enough BTC, even if we might calculate $10 per week would be $520 per year and $5,200 over 10 years, so maybe after 10 years, there could potentially be some needs to reassess the situation and figure out if you have enough.. that is if you had not already figured out that you need to continue to buy and to increase the amount that you buy.. to the extent that you are able to do so... and of course, there is variance in how individuals are going to assess these kinds of buying and/or stacking of sats opportunities even with an investment time horizon of 4-10 years or more.


You make hardly any sense Xampeuu.  Bitcoin is already a risky investment, yet it is the leader of the sector, which largely mean that any shitcoins that are in the sector perform in ways that are correlated to bitcoin's performance, so why fuck around with coins that are already correlated to the king?  especially if you are a long term investor rather than someone who might be trying to gamble or distract himself by trying to figure out which shitcoins to get into and which shitcoins to get out of.. and a lot of just meaningless gibberish that likely would not help any newbie who is trying to build his bitcoin investment, and there is plenty exciting and in need of learning about bitcoin, so why get caught up in various kinds of imitation coins, affinity scams and other pump and dump house of cards snake oil products?  That makes little sense, if any.

Since you have made a decision to invest in Bitcoin, stick to your decision. Now you can take some advice from those like us who are rational and suggestive. Because you've started, you'll be investing bitcoins in the DCA method on a regular basis for a long time. I prefer DCA method because once you start investing with DCA method, your investment will increase. And the longer you invest, the more successful you will be. Thousands of investors following this DCA method in Bitcoin are finding their success and moving forward in the distant future.

Good luck with your investment, may your investment journey be successful and may your investment fulfill the purpose for which you have invested. When it comes to investing, your investment amount may be less now but you should never underestimate your investment amount. Increasing the amount of investment is not a difficult or impossible task. If you have as much interest in your investment now as you have in the future, you can gradually increase your investment amount. Since money is the only way to invest, you can increase your investment by understanding your financial situation. 

Invest and definitely think of holding your investment for a long time. The longer you hold your investment, the more likely it is to succeed.  Due to the volatility of the market, you may see a temporary loss in your investment or due to the increase in the market, you may see a temporary profit in your investment, but try to hold your investment for a long time without being much affected by this profit or loss.  Keep your investment for a long time as well as maintain the consistency of the investment, hoping that this investment will give you something better than your expectations.

With the current high fees I think my signature campaign rewards will be stuck on my wallet and makes me wait for months or even years and I think this serves as an investment for me because I have no choice. 😅 Currently, I got .0022865BTC and weekly rewards keeps on coming, though just a small amount but still better than nothing. 😁

No investment is small as long as you started investing. If you are right now that the OP started his investment, then doing DCA is the best option to do because investing or holding bitcoin assets doesn't have to be rushed or buying bitcoin right away. With the current price of bitcoin, it is impossible to buy 1 BTC right away, so doing DCA is the best option. I hope the decision of the OP will not falter no matter what happens. As we know, bitcoin investment is not a joke; it is risky and scary, but with enough knowledge, skill, and patience, an investor will gain a reward in the long term. I know the OP is aware of bitcoin being long-term, and I hope he will not use his bitcoin or satoshi in case he needs it. There should be separate funds for emergency happenings. Investment is investment; don't let any circumstances make you sell your holdings.

Your decision to try to get results from investing in Bitcoin makes me very happy to see people who really support Bitcoin completely, but with the amount of 0.00035334 or $14.92 (the price may change), it seems that it is still far from enough, because the current price of Bitcoin is worth $40k, and this is very expensive. If you use that much capital, it will be difficult to make a lot of profit.

As a reference, maybe you can implement a savings system. So every week or every day you buy Bitcoin with the equivalent of $15 and you focus on not selling it for more than 10 years, then there is the possibility of making a lot of profit.

An important point is that you also have to store assets in the form of bitcoin in a wallet, such as Blockchain / Electrum which has a phrase or wallet key that you can store. Meanwhile, storing assets on an exchange is very risky because we all don't know how many years the exchange will be available. I hope the advice I provide is useful and can give you insight into continuing to grow your assets.

This might just be a case of a seemingly bad situation turning out to be a blessing. Without the high fees, maybe you would have spend your earned Bitcoin on other things. The situation you are in has turned to weekly DCA and the only challenge you will have is if there are other areas through which you generate income to meet your basic needs as well as set aside some funds in case of any emergency that will require money. With that in place you can comfortably hold your Bitcoin for long and hopefully the transaction fees will become better before you know it.

Likely I said before, the end of this whole things might result in you achieving a huge Bitcoin portfolio that you never imagine would be possible. I will still encourage you to keep it up, allow things progress as they would and see what the future holds regarding Bitcoin and your portfolio.

Congratulations, you have made a very good decision. It is best to start any business very small. There are many who cannot invest due to financial problems but have the will of heart. By investing small amounts like them, you show your bravery and stay connected to Bitcoin. Maybe something better awaits you in the future.

 

I think that is a better idea to wait for your balance to reach a certain size, such as somewhere between $500 to $1k prior to voluntarily moving it to a private wallet, and sure there might be times in which you have lower level transactions, but with fees so high and potential to go higher in the future, it would seem better to have UTXOs that are not overly small, such as less than $100 or $200. 

Now, if you already have a lightning channel open, you might be o.k. to transact for low fees, as long as you do not have to recharge it from onchain versus from maybe another lightning channel, but if you have to set up a lightning channel that can sometimes take a bit of fees to set up.  Even my use of Phoenix wallet in recent times, the fees had been bouncing between 15,000sats to 70,000 sats ($7 to $35), and that can be cost prohibitive for some folks.

Hopefully, the high fees (which seems like an attack against poor people) will help to inspire some developments that helpful in the right direction, but of course, some poor people are going to feel locked out and without very many options, especially if they don't have enough value both buy bitcoin and to justify paying the fees.. absent doing something that might allow them to buy small amounts and then build up to a certain value (which I am suggesting $500 to $1k to be reasonable) prior to transferring to a private wallet... and of course, I personally believe it is better to have BTC on private wallets, and that is likely part of the reason that this current high fee environment seems to be a bit of an attack on less well to do folks.

Since you invest in Bitcoin, you never worry about its price, rather you keep it for a long time. If you plan to buy and Hodl bitcoins for a long time, you can definitely make a lot of money at some point. Since you have invested Bitcoin at this point, you will be motivated to buy more and buy more. When you buy and hold a larger fraction of Bitcoin, you will get more profit if you hold it for a longer period of time. So you buy more bitcoin without thinking and hold only for earning purpose.

It's fantastic that you embarked on the bitcoin investment adventure, and even more so, huge congratulations on grasping the idea and accepting the risk involved. Nonetheless, you made a sizable investment since, in my opinion, this is the maximum you can currently afford. You will quickly amass a certain quantity of bitcoin if you keep doing this. Remember to always invest an amount you can afford to lose when making recurring bitcoin investments of this size. This is simply a reminder, even though I think you're in the game and you understand important things to watch out for. I hope your path is filled with luck.


Indeed. It's excellent that you informed him about the cryptocurrency market's extreme volatility and potential for growth. That is not something the OP should look at and assume he has made money on. But given the price we have been anticipating for a very long time, those returns are minuscule in comparison. Therefore, I believe the OP should not be persuaded by any slight variations to invest for the long term and to receive his desired outcome.

congratulations with your investments in bitcoin as now you have just started there is a long way to go so try to consider adding more and more as time passes by specially when there is a chance of buying in discounted prices.
we might not be seeing this happening any time soon but there will be in the next couple of months.

If we try it with a small amount, of course we should never expect big profits. We have to be patient with the investments we make and also increase our knowledge about Bitcoin so that we can increase the amount we will invest to be able to enjoy bigger profits than before.
It is true that there are some people who have the desire to invest but they are not yet able to do so because there are still needs that must be met and starting with a small amount of capital will certainly be able to learn more about investment, of course this is very good for our future investments.

If the investment is less, there will be less return. But there are many investors who are interested in investing but because of their lack of knowledge they do not dare to invest there. If a person can gain good knowledge in Bitcoin then he will definitely try to increase his investment. I think those who are investing less early on will automatically grow their portfolios when they start to fully believe in Bitcoin. And for those who have no good financial ability, DCA is a good option for them. Those who are interested in investing in bitcoins will surely reach their goals.

In as much as you have invested in Bitcoin before but had an ugly experience I hope you have now you've learnt the necessary things that most guide you through your entire time of holding. I supposed you sold out your Bitcoin for personal reason maybe as a result of not putting other expenses in place.

Hence make your investment time more stable by having an emergency fund that can serve you well for all your necessary life activities. As time goes on prepared yourself not to be keeping you holdings on exchanges or third-parties especially when you have a good quantity of Bitcoin already even it's not too much but as soon as you have an amount that is worth more the half a thousand or less than half a thousand then you should think of having a self custodial wallet to be in control of your investment. As most have suggested you should increase your stash also be do not be in a haste for quick profit or as most people night suggest you trade don't get into gambling with your funds.

This is a great move Op. You're on your way to financial freedom. A journey of a thousand miles only begins with a step. If you're able to invest this same amount at least ones or twice a month bro a swear you'll have every right to be proud of yourself in the nearest future. Just remember, with patience, you'll cook stone eh go soften. Congratulations 🎉 it isn't easy.

The OP must now be happy that he has started investing in bitcoin. And I hope he still holds the bitcoin he bought. Because if he still holds it now then he should be able to smile broadly seeing the portfolio growth which continues to rise because today bitcoin has also penetrated back to a higher price. That is, currently the price of bitcoin is above 45k USD and yes bitcoin sometimes rises quickly while people wait for the decline to accumulate more. That's why when we intend to accumulate bitcoins we just have to do it without hesitation. Especially if we invest for the long term. Then we don't have to worry about the current price.

Got it! Jumping into Bitcoin with what you've got is a brave move. HODLing for the long haul could really pay off – many have been there, done that, and seen it work. Keep at it, and who knows, you might just hit the jackpot down the line. Fingers crossed for you!

It's great that you are taking steps towards investing in your future! It doesn't matter if your investment is small or big. Invest in Bitcoin consistently to capitalize on profits and build your portfolio over time. Consistency and patience are key when it comes to investing, and even small contributions can make a big difference over time. Keep learning and stay informed about your investments, and don't get discouraged during market fluctuations. Focus on your long-term goals. By accumulating Bitcoins regularly, you can benefit from dollar-cost averaging and accumulate substantial amounts in the future.

A journey of a thousand miles begins with a step, nothing goods comes too easy so when accumulating Bitcoin we have to get more detailed by sacrificing little time to learn about Bitcoin. you can see people who wants to invest into Bitcoin but due to financial instability cant meet up too easily so basically have to adopt the DCA strategy like you said, set a budget and calculate how long it will take to accomplish, become determined and by no any means alter your investment it takes a lot of sacrifice as to achieve what we want.

The increasing number of people who believe in Bitcoin for investing is in love with the positive trend. I think you should post this a little on your personal social media. Maybe your friends or online friends are interested in crypto from what you post, you will bring them in and benefit in some way. but it's good to teach him sincerely as a friend. 2024 is a new path for bitcoin anyone is not too late for this year.

Since it is 3 months already, I want OP to give some updates regarding his investment situation because I don't want to assume that he is now in a huge profit. But the question is if he still holding till now or if he might sell them when the price of Bitcoin reaches $40k last month. Because it was not new to us here and we've been hearing the same stories and sadly, some of them just quit after a few days after investing as they can't bear to see their portfolio dump as the market crisis arises.

We can say it is a good idea for someone to start to invest Bitcoin but the question is how it ends --profiting or losing?

Exactly.   We get a lot of seemingly newbie bitcoiners who enter their bitcoin journey with supposed BIG plans to buy bitcoin and to be invested in bitcoin for years and years and years, but then we frequently seem to end up with radio silence.. they just poof disappear and fail/refuse to continue to update, which does not necessarily mean they ended up with losses, or even failure to gain by selling too much too early, but it does seem to indicate some lack of enthusiasm to continue to discuss the employment of some kind of a longer term strategy.. and surely if OP had started with $10 invested, then surely he could continue with $10 per week or $10 per month, and likely still be in profits.

Surely the situations of people change in ways in which maybe they either come across some difficulties to invest or maybe they have extra money that they can put in, and so long as they do not sell everything, then maybe the story remains interesting (at least for me), and personally I am not as sympathetic to the ones who buy and sell (trade) as opposed to engaging in longer term BTC accumulation strategies, even if some weeks (or months) might result in smaller or larger amounts of BTC bought.. and also I could give less than two shits if their BTC portfolio is in profits or in the negative in the short term as long as they continue to accumulate BTC with the passage of time, and then let's see where that kind of persistence takes them (of course variation in the circumstances of people) 4-10 years or more down the road.

Part of the earlier days in the bitcoin journey is likely filled with struggles to accumulate and even tough decisions about when to accumulate and how much, and those kinds of decisions with subsequent actions have consequences and repercussions down the road.  So even if we might not be trying to judge the mistakes of anyone, it is quite likely that many of us make mistakes along the way, so then anyone who had been consistently accumulating BTC for 4-10 years or longer, might go back and look at his own performance in terms of whether his results came close to a DCA kind of approach or was his approach weaker or stronger than a somewhat systematized DCA approach.

Surely any of the DCA websites show us that the longer that we have been DCAing into BTC, then the more likely that our BTC levels and our profits are going to start to become meaningful, and we can see that from the date that Op started this thread until today, if OP had been investing $10 per week, he would have had invested $130 and accumulated 0.00364 BTC (worth about $155) (364k satoshis) (https://dcacryptocalculator.com/bitcoin/?start_date=2023-10-07&finish_date=2024-01-03&regular_investment=10&currency_code=USD&investment_interval=weekly&exchange_fee=0.02), so an average cost of $35,714 per BTC, so surely he is currently in profits with that system, but he still would not have had accumulated very many BTC with such a short period of time and such a small DCA amount.

Another thing is that past performance does not guarantee future results, but if we might say that our goal is 4-10 years or longer to be investing into BTC, which surely would not even mean that we would necessarily stop investing into BTC until we were able to get to a meaningful level in which it makes sense to stop investing and maybe even to go into a kind of maintenance stage and then maybe later to enter into a kind of liquidation stage.

So if we choose a longer time period and if Op (or anyone else) had started DCA investing into BTC 6 years earlier than his first BTC purchase, then he would have had invested right around $3,260 into BTC with a total accumulation of 0.27925 BTC (worth about $11,868) with an average cost per BTC of right around $11,675 - and so nearly 4x in profits.. but still without a considerably large amount of money, but could be very helpful for improving standard of living and having some investment cushion.. but still may well not be to retirement levels, but if a person is already in his 60s, he might not be ready, willing and able to work or earn income like he was able to do in his youth... so he has some potential supplemental income.. and it will depend upon where he is at in life in regards to if he continues to buy BTC or to take some other strategy in regards to his BTC stash - so it seems better to have options rather than not.

Tis the tough road of Bitcoin HODL unless you have the discipline of a country like El Salvador with the Bukele tracker where you track the price of Bitcoin over time and the discipline to rebuy you can take quite the loss.
https://nayibtracker.com/

That position was pretty bad as they bought during the 70,000 peak and average bought down to the current market price if they sold like they were told too they would have taken quite the hit. But they didn't are still holding and while its only up a million dollars now on the position hey at least its positive again, and they have no plans to sell.

So don't let the short money get in the way of making good money in the long run.
I guess the lesson from El Salvador is to not DCA only for 1 to 2 years but keep the DCA going for multiple years and with split amounts eventually you will get back to green over time.
They did start in 2021 though so 3 years and going however point is that DCA does work.

Also curious about it too, did OP add some more or just let the first investment sit on his wallet.
How much did he gain from his investment so far?

It is good to update the thread for how far he has gone for the investment. But that should be a personal decision,  and if he will update the thread for the hodling then we will also know if he is a long term hodler or a short term holder, and really as you said, many people would invest and tell us that they have started the journey and we would not hear anything from them again. And some of them for the fear of losing the funds when the price goes down and sell them off or some sell them off when the price just bump small. It is not bad for op to update his investment status.

It should be, but it feels impossible because investments are private and also very confidential for security and comfort.
And as the OP mentioned, he would continue investing if the funds were there. So we don't know whether he bought Bitcoin back or not, and he also experienced regret at that time regarding Bitcoin and he came back to improve himself and try not to lose a second chance at Bitcoin.
And I think OP has made other purchases to increase his holdings but we don't know by how much. And I hope OP continues to make purchases when he has extra money, and stays consistent with his long-term plans for bitcoin.

If is impossible and for private and security purpose then why would they come to the public to inform us that they have purchased Bitcoin, and since they have done that they should have updating us the level of their Bitcoin investment status. And not only to come here and announce their investment. I am not only talking about the Op here but others.

And that is why I said it before, it is a decision of the author to decide. But my argument is that since they have make it publicly, they should update the threads time to time.

When it comes to investment then this is really something that would really be that in private or personal things on which we dont know if a certain individual did really make out some decisions on continuing his Bitcoin investment or did really just simply stop. This would really be situational kind of condition on which you would neither be that making investment or would really be just completely stop due  to some various
circumstances. This is why it would really be that always that depending whether someone is really that taking up some crypto investment or not but we do know on what are the chances and potential that it could possibly give when we do speak about the future. Although it wont really be that an assured thing but at least we do have already the glimpse basing up into its history.

It would really be that always depending on someones personal choice and decisions on life on which we know that not all would really be that making such investment decisions into something which is volatile
and risky. Some might really be that getting rid or avoiding it but there are ones who could really be able to bare up on the possible risks that they would be able to obtain.

Sure there are a few things that you likely need to do to make sure that you are not overinvesting, which is to invest within your discretionary income and have an emergency fund, and then just continue to be persistent.  I doubt that countries are better off merely because they have a larger budget.

In other words, you likely have a smaller budget, but you are way more flexible and able to plan your own things, rather than being a company or a country that has to account for various interests, such as shareholders and/or citizens.



Does not seem that unusual to me.  Anyone who bought during 2020 and 2021 could have gotten caught in a similar kind of situation in which you go through down before going through up., and if you have conviction, your BTC portfolio size keeps growing during that time, even if your holdings might be in the negative for a considerable period of time... such as 2-3 years... so yeah, El salvador seems to be only right around 2.5 years..  for its BTC accumulation period..

No need to deify them.


That seems true.. stay consistent, persistent and ongoing... sounds like a good plan.



Fair enough.


I am pretty sure that they are a little less than 2.5 years..  Of course, they announced that they were going to legalize bitcoin in June 2021 (meaning making bitcoin legal tender in El Salvador), but that was three months before the legal tender law went into place, so when I google the question, it appears that El Salvador made its first BTC purchases in September 2021.. yet there is probably more accurate information out there, even though El Salvador has been accused of being a bit too obscure in regards to the quantity of their BTC and their custodial arrangements.. which may have a bit of validity, but the secrecy is a bit justified too.. but since they are a government, they probably should be a bit more detailed and specific in regards to their BTC holdings.. ..

But individuals do not have to disclose these kinds of matters, so in that sense public entities are different from individuals  and/or institutions who might follow similar kinds of practices to accumulate BTC and having to go through some tougher periods in the earlier years of their BTC accumulation journey, and I am not even sure if it is better to start in a down period or to start in an up period since there surely are advantages to accumulating during down periods.

Congratulations on your first Bitcoin investment! I also believe that knowing about Bitcoin and researching it is just the first step. You have to actually invest your money in it, immerse yourself, and truly participate in this market to fully grasp what you've learned. I think the initial investment amount doesn't matter much, as long as it's within your control, and, most importantly, you have to be responsible for it. If you decide to hold your Bitcoin for a long time, you should learn how to store them securely, and a hardware wallet is a top priority.

Finally, don't be swayed by the short-term growth waves of Bitcoin if you decide to hold for the long term. If you're patient enough, this small initial amount can surprise you in the future.

Large holes are created due to small water droplets continuously falling in the same place, this is the investment strategy that must be implemented to create large amounts of assets. You have to do it consistently, especially now that you have been accepted into the Bitcoin payment signature campaign, combining income on the forum with income outside the forum will shorten your time to create a big bubble in investment. Wise decisions will provide satisfying results, support from other members will be additional motivation for those of you who are trying to do something extraordinary in your investment journey.
Hopefully you become a successful Bitcoin investor.

I did a small calculation and figured out that you invested around 11 USD (10,000 Nigerian Naira) on Oct 7, 2023 and got 0.00035334 Bitcoins which are now worth 15.3 USD. So you are in profit, congrats.
If you don't have enough money then its better to keep investing small amount periodically into Bitcoin aka DCA. Not investing anywhere or not utilising your small money will give you nothing. 

Let me start by wishing you a secure and enjoyable Bitcoin journey. In life, everything begins with a decision to attempt. Making sure you never regret buying Bitcoin is one thing. As long as you begin with a little sum of money, it is excellent. This ensures that you follow the general guidance from our elders, which is that we should always begin investing with money we can afford to lose. Everything happens gradually, so I believe it would be beneficial if you did more research on Bitcoin to learn how to keep an eye on the market and attempt keeping it for an extended amount of time. Because I am confident that in a few months, this small sum of your money will grow into a large sum.

Everything starts with a step, and the ones that have already been mentioned should not be taken lightly because everyone's journey depends on those steps, and the main reason why most people fail when they first start using bitcoin is precisely because they did not value those initial steps. After studying and conducting research, overcoming certain obstacles during the practical phase will be simple. Furthermore, if traders hear this information, they will be able to recognize when an analysis is incorrect even if they are looking for indications. And having the money to invest is the least the management is the most important. People have different ways of managing their bitcoin. The early investors did not expect the price to be this high.



Even with a small initial investment, droppets can have a significant impact over time. Getting a stream of income will also make investing more exciting, convenient, and straightforward. However, because of the high costs involved, neither you nor anyone else will find investing in bitcoin enjoyable. I believe in investing and profits so if it is taking seriously.



It's a tremendous move that he even tried, considering that there are people who know about investing but are still hesitant to do so not because they lack the funds, but rather because they would feel safer keeping their money segregated. This is the reason why some people are still hesitant to invest due to unfounded rumors they have heard, failing to realize that if they safeguard their bitcoin, it will be difficult for them to lose their money; all they need to do is follow the right protocols and they should be set to go. Additionally, it's always beneficial to be properly trained and knowledgeable about the bitcoin ecosystem. Even though you didn't invest a large sum, your profit is guaranteed.

Congratulations! And don't beat yourself up, it may seem a small amount but at least is going to help you to change your mentality about the way you manage money. Of course it would be nice to have more bitcoins but since I discovered it I began to question myself more and more about the way I used to manage my money and I completely changed it now. Of course I'm not rich but without discovering bitcoin and learning more about finance for sure I would be in a riskier position right now, so just keep buying and keep learning!

If only he still holds the asset, but I hope he continues on doing DCA because if your calculation is right, he could have earned more. I'm amaze that you've spent time and effort doing calculations for our forum mate. I'm also being updated on his journey, and I hope he posted more about what happens on his investing journey. Many of our mates here have also started their investments and are sharing their experiences and first time buying an asset, but not all of them are posting updates about what happens to them after they initiate their investment. That's why I'm wondering if all posts like this are true or true to life because I'm tired of reading about topics that look like made-up stories just to have a topic, but this forum mate of ours showed proof about his journey, just hoping for more updates from him. Anyway, good luck to the OP's investment journey.

This is a choice that will completely change your life.

Never give up, draw up a plan, a goal and be completely faithful to it, you always have to take the first step, even if it's for a new beginning.

Good luck on your journey, you will reap good results in the future.

If we have decided to make an investment, of course we have to understand well what we are doing and it would be better if we studied it first about the investment we are going to make so that we can know about the risks we will get from the investment and it would be better if there were People who understand well can help us learn about the investment we are going to make so that we don't make mistakes in making investment decisions. When we understand investment well, we have to use funds that we won't need for other purposes so that we don't disturbed by the investments we make.

congratulations for making this decision. Thiers a huge difference between just making positive statement about the we have in bitcoin and also putting it to work. Their are so many persons just talking about the importance of holding bitcoin but have never bought a dime or even accumulated it through any means and so I applaud your decision.

Don't be discourage by how little you've started, for me, it's even best to start this small so you can just add up with time at your own pace and convenience

Who is on their right mind that will not dig better before investing their money? knowing that you may lose that if you don't take a look and understand the investment before?

you have just echoed what you have said in the top and that is almost the same point .

this is why we need to ask this forum first to find a best mentor .

This is DCA strategy of it’s own even though it wasn’t your plan initially but saving up your weekly signature earnings will accumulate you enough bitcoin before you realize it which will be an investment for you. Not everyone is able to do this but i hope now that the mempool is no more congested and now that transaction fees is not high anymore you would still stick to holding your weekly earnings in your wallet without touching them for months or years as you have intended.

I am also planning to do same, after seeing some and yours thread I think I should invest some amount of money in BTC on daily basis at average rate and can hope to generate passive return in long run. Best of luck with your investment and I suggest to keep updating monthly or as you want so other can get attracted.

Thats a great move. Don't dispise the days of your little beginning jus as the saying goes. The journey of a thousand mile begins with a step.  But the step should be a continuous step and not a half way. The journey of hodl migh be a thought one though which implies that you might sell off your stach when problem arise. That why @JJG always emphasise on having a reserve fund or emergency fund in other to back up your holdl journey. Because without emergency fund there is a high tendency of selling your coin at any given time. So my advice is for you to have reserved fund to be able to achieve your journey.

Hi DubemIfedigbo001. I think what you just did was a very good decision when we have BTC halving around the corner. And you seems to know how to handle this in a good way when you saying this:
So you seems to know what you doing and you not stressing and doing it slowly and safe.

Congratulations and good choose and keep farming and stacking more Satoshi and in the end you will have a good portfolio! And always patience is gold.  :)
But a question, why do you feel that you need to back up your claims with a picture? Me for example would believe you anyway, how ever you do of course what you feel its right.

Good luck on your journey mate!

Best regards
/ BabyBandit.

You have done a smart thing, it is important for every person to invest in bitcoins or have involvement with bitcoins. You may have been away from Bitcoin investing for a while but now plan to resume your Bitcoin investment involvement. You must have realized how independent investing in Bitcoin can make an investor. I have seen with my own eyes many people who have managed to change their fortunes by investing in Bitcoin and holding it for the long term. To change your fortune or make yourself financially independent, consider investing in bitcoins and holding them for the long term. Your patience is the only thing that can take you to the pinnacle of success in Bitcoin investing.

Congratulations and welcome the bitcoin holder family!

That was in October so I assume that you have added more over the months passed?  0.0003 bitcoin is indeed a good start
but that does not ring a bell even if bitcoin crosses a hundred thousand so If I were you , try to add more from here and there and since you are
enrolled in Bitcoin paying campaign it will be easy for you to add more each week, am not saying you should invest everything because there might
be other expenses needed but surely you can do better from that.

It is even better you start investing with the small amount of money you have that you can afford to lose because this makes investing to be easy. One thing people don't understand about bitcoin, waiting to gather enough money to invest can be when the price of bitcoin will be increasing,  and this can make some beginners planning to invest thinking that for bitcoin price to increase it will be to expensive to invest and this will just totally make them to suspend investing bitcoin.  Bitcoin can be bought in small amounts at anytime, the amount of Bitcoin to buy or time to buy is never a limitation to bitcoiner.

Every amount spent to invest in bitcoin will surely bring profits,  and it is always good you buy bitcoin account ones financial capability than saving big amount of money just to invest in bitcoin.

I agree, it's never been easy to pursue our dreams but with knowledge and how to do it along with high aspirations, we can reach our goals and we can be one of the successful investors out there who will share their stories in the future on how were they started their journey. This is a good time to enter the crypto market because we are once again trending again since we are at the halving year and there will be many things that will gonna happen in the crypto market this year because no one wants to miss the great bull runs after halvings and to miss this opportunity is such a waste because we are a few months away to witnessed yet another historical Bitcoin's price ATH.

This has been my biggest motivation. I wish to be like you in no distance time, but due to financial instability and other factors beyond my major control, it has always seem impossible to start now. Kudos to this great move, I believe you must be so proud of yourself for taking this bold step. I can't wait to join the moving train. Bitcoin is the future.

Do you believe that keeping the weekly earnings will prevent him from touching them? Since he doesn't have the interest to invest in any coins, I believe that if he truly wants to accumulate his weekly earnings, he should either join a contribution or make him do a physical investment. That one in my opinion, will be superior and prevent him from having to touch his weekly income. Since is it's not that his keeping his weekly earnings in someone else wallet, remember that it is his main wallet, and they are not keeping food in present of hunger, there will come a moment when he will need money and touch them.

A rule that I follow in my life is:

If something I tried to do goes wrong I will never regret it, because at least I tried. I'm afraid I'll never try.

For anyone with a dream or an idea, the best thing to do is always try and execute until it works.

This might be inspiring:

Satoshi's lesson, by theymos

https://bitcointalk.org/index.php?topic=5092492.msg49020535#msg49020535

I don't encourage people to join contributions because me I've been a victim of when it gets to my turn in the contribution, lots of stories from members of the contribution emanates and again it's just almost same as entrusting your funds in other people's hand which is very risky.

 So far as I know, their is absolutely no way one can save money without getting to touch it at a time when you don't have anything or your business isn't moving again so the best will definitely be to invest it on something that gonna bring forth proceeds in the near future even if you don't want to invest in any coin, there are still valuable things you can invest on that will surely bring some profits to you.

Don't worry you will surely get their, just try your best to build yourself financially either by having several source of income, once you are okay financially you can start investing bitcoin with the amount you can afford to lose.  Do not rush into invest when you still find it difficult to provide to solve your problems but once you are financially buoyant that you can afford the smallest amount of Bitcoin do not keep waiting to invest. Don't think investing bitcoin with a huge amount is tge best way for you to invest, just start with what you can afford.

The bitcoin investor should have their multiple source of income,because the income from one source was not enough one for the people to survive in the current world.Because the product prices was increasing in the huge way,nearly two hundred price increases to the decade price of the same commodity.If I had brought at the 30$ of one product,now the price of the same product is nearly 100$ minimum.So we can say it raised in the triple the time.The trader can inverse the certain amount of money in the form of bitcoin from every month salary will be good.


The current market for the cryptocurrency was good,many people say this as the bear market in the trading language.The small savings from every week will be the better one to short your big problem in one day.Just keep in your wallet which you are trading,after a year the bitcoin saving will be huge in number.This savings also save you at the some of the emergency point.

Your motivation must be accompanied by looking for additional work so that you can spend a little of your money to buy bitcoin with the dca method because this is the best strategy for those of us who have financial constraints, so buying bitcoin you don't need to wait to have a lot of money to be able to invest in bitcoin, start with a little money first. In essence, don't ever think that investing in bitcoin is too late, anytime is the best time to collect bitcoin and buy bitcoin, especially if you already realize the basic virtue of bitcoin, namely that bitcoin is the future. Keep up the spirit, friend

I know that not every time contribution is ideal encourage people, but the why reason I brought it up was because it is the simplest way to save money because you don't have to worry about finding onless the Head of Contributions to take up much of your time and once you pack it, you will perform the essential things with it, there are contributions that, when it's your turn, they will start telling you things that will make you unhappy, Nevertheless this type of behavior occurs in anonymous contributions, where contributors are strangers to one another.
The only issue is that not everyone wants to invest in something that they will hold for a long time. In reality, there are plenty of worthwhile items accessible for those who are not interested in buying coins from which they will profit greatly. Furthermore whatever a person wishes to become in life, he or she must learn to be patient; otherwise, nothing will turn out as well as they wish.

People actually think Bitcoin investment is a must and that's where some people do get it wrong because without proper planning, your supposed investment is just a mirage because you might end up using the funds to meet other needs when you don't have the manpower to meet up with investment and your daily life expenses. Many people no doubt today have all end up scattering their investment because of the lack of plan so before going into investment proper planning needs to be done.

We talking or we starting. Bitcoin is that train which will keep moving irrespective of whose on or off. The Bitcoin journey is full of surprises and it can bring up whole new opportunities for us. Its like you dont what would happen to Bitcoin in terms of its prices, volume. Any small or major event out in the market can onset these events. Whether its negative news like an exchanger getting hacked or positive news like ETF approval or Grays buying millions of dollar worth; they all come by surprise and move this market. Investors like you and me can scoop good profits from Bitcoin holding during such period. Thats why there is no wait, if you are in then you should be in right away even with smaller amounts.

I completely believe that Bitcoin investing preparation is crucial. People think Bitcoin will make them rich without work. Bitcoin is a tremendous instrument when used carefully, in my opinion. Respect, understanding, and a strong plan are needed.

Consider adding Bitcoin to your financial strategy. Its more than buying and wishing. Your investment should match your goals and risk tolerance. Bitcoin should be seen as a supplement to other assets and savings.

Staying educated and flexible is essential. Good investors adapt to the ever-changing Bitcoin ecosystem. Its not enough to believe in Bitcoin's potential - you must actively manage your investment to fit your life. Its tricky, but rewarding when done well.

Of course, before investing in Bitcoin, everyone should invest according to a proper plan.One can start investing in bitcoins from a small amount but gradually increase it according to his earnings. Many people are too eager to invest in Bitcoin and even start investing without a proper plan. We all need to invest bitcoins in such a way that if we need the money we don't have to withdraw money from the investment and pay for it. If someone takes money out of his investment while investing and uses it for his needs I think that investment has no value.

So if you want to invest, invest with the money that you have left without your family expenses so that you don't have to spend that invested money.

That's right, if we continue to consistently invest in Bitcoin even in small amounts, in the future the investment we make in Bitcoin can provide satisfactory results.  However, avoid forcing yourself if you are not yet able to invest in Bitcoin, don't get trapped by borrowing money because you expect a large return on it

Yes you may have mentioned investing in Dollar Cost Averaging method. Investing in this method is very easy because by adopting this method people can start investing with a very small amount of money in the initial stage and can gradually increase it and even prolong it.

You should never force yourself to invest. Another thing is that everyone should avoid investing by borrowing. If you start investing with a loan expecting to make a profit, it turns out that you are at a loss from there. Then you will be involved in another danger. It is the best way for everyone to invest from their hard earned money in Dollar Cost Averaging method.

We can do everything if we work for it but if we get feared of lossing money then I think we will never rise in future. Our success depends on our thoughts so if we learn about investment and use strategies according to it then same with other experts we will also become experts one day because who are bold in their life are always providing courage for themselves.



We should choose some good altcoins and bitcoin so we will be able to enter into halving successfully therefore those who are familiar with coming halving and still they have fear in their hearts about investment in crypto are just wasting their time. Now there is enough time to accumulate some top coins as halving is two or three months far so step towards investment according to your affordability.

My friend, it is easy, it all depends on the plan and the availability of enough money. To some, their issue is procrastination and the need to have that huge money before they start, but that mentality is very wrong. One can start investment at any time and continue to save money there if allowed. Thankfully, the Bitcoin investment allows all that and if you are investing this time, I believe you are still lucky as the bull run is coming powerfully and could still give about x2 of the current size, if not x3. But I will not support any multiple returns above that because what is happening now in the crypto space about the ETF and other advancements is so encouraging to the financial market. If Bitcoin behaves like other assets in the financial market, there might not be as much volatility in it as before. This is especially true as it has reached a huge size already. I only expect a few more shocks on the rise, not as much as most people believe it would happen. It can still hit $100,000 in no time though but I do not see a higher price hit in decades anymore.

It won't as you already think that you can't that is the reason. But try to be optimistic and try to become really motivated, it will help you find ways how to start because there are a lot of ways, the problem is that we already have in mind that it is hard and we are incapable. In fact, many poor and jobless people still, they make it because that was their desire, and wanted to change their lives. Don't have a mindset of poor people but rather have a mindset of rich people then you will see the big difference.

Fuck shitcoins.  Not only is this thread about bitcoin, so your talking about shitcoins (and trying to pump them here) is off topic, but also there is no need to get distracted into believing that getting involved in shitcoins is a good idea, especially if someone is investing rather than trading or trying to figure out pump and dumps of which shitcoin might be less shitty. 

In other words, it is a much more advanced and difficult technique to buy into various shitcoins and try to figure out which of them might have various pumps and when to get out, and no shitcoins are long term investments, like bitcoin. With bitcoin you can ongoingly buy without having to get preoccupied about pump and dumps and you can invest for a 4-10 year timeline or even longer, which you cannot do with any shitcoins - which again is off-topic to be discussing potential trading or gambling techniques in this thread.. and as soon as you get involved in shitcoins you are trading or gambling rather than investing.


I don't totally disagree with your points about bitcoin losing some of its volatility due to its already increase in market size, but you still seem to be both presuming more limited upside with bitcoin than would reasonably be warranted, and you also seem to be framing bitcoin as if it were a mature market, which is far from the case, unless you are trying to imply (or compare it to shitcoins).  If you consider bitcoin in a way that is less distracted by your perceptions of possible "opportunities" in shitcoins, but instead consider bitcoin in terms of other assets such as equities, properties, bonds, commodities and cash/cash equivalents (not necessarily shitcoins), then you should be able to appreciate that bitcoin is far from a mature asset class, and even if some volatility might reduce in the coming years, I have my doubts in regards to really being able to write off bitcoin's volatility in the next 4-10 years or even longer than that.  Of course, we will have to see how these next few cycles play out, but I would suspect that bitcoin is still going to continue to be pretty damned volatile as adoption increases in the coming 4-10 years or longer.. and we can probably assess it at various points along the way, and also in 4-10 years or more, it well could be the case that bitcoin's spot price may reach $1 million to $10 million or even greater areas, even though it's bottom price will likely continue to move up too.. which in my entry level fuck you status chart,  (https://bitcointalk.org/index.php?topic=5376945.msg58719591#msg58719591)I show my own projection of BTC bottom prices in pretty conservative ways, so I tend to take volatility as a given, even though bottom prices are less volatile, they still do not presume volatility and ongoing battles or even wars related to BTC spot price to not exist.

If we think about not being able to invest in Bitcoin then we will never be able to invest in Bitcoin because we don't have any motivation to find out about investing and also learn about investing and if we have the desire to learn about investing then we will learn so we can make an investment.
That's right, by having the thoughts of rich people, we will be able to develop and continue to develop the wealth we have through investment and those who are poor will certainly look for various reasons to justify themselves and are very lazy about working and investing.
​

You touched on a very interesting topic, which is procrastination.

This really seems to be the thing that most prevents people from doing anything, look, we have many examples of people whose effort and dedication took them much further than talent.

The reality is that many of the people who created incredible things were actually ordinary people but with the purpose of never giving up.

And you don't need money, you just need a good idea and a lot of dedication and anyone can achieve really great things.

When it come to investment, Bitcoin is one of the things we not need to miss out on even though we have other altcoins we are holding. Bitcoin had changed many of us mindset to believe in what the future has for us. Those that invest in the future are the ones that are benefiting at large because they were able to think and look for a way to prepare for what the future has to offer.
My mindset has significantly changed since the approval of Bitcoin ETF and I know that would be a new beginning for everyone that are into crypto investment. Let's ride to trend to the next level and we should not be shaky by the market trends because they are there to make us stronger.

Only a few could really be able to reach out such state on which they would really be doing their very best for them to be able to reach out into those goals and targets that they do have in mind.
Most people would really be just simply be skipping ou on such idea on the time that they've seen that it is really that something hard to do or something hard to be done and this is why
they would really be that deciding that they would neither be that sitting back and just wait for some miracle that they do have the money that they could invest on without even
trying out to find other ways for them to acquire such condition and this is why to those people who do have that kind of mindset do really always end up on getting left behind.

As long as someone doesn't have the thought of borrowing money to invest anywhere, I don't think bad things like borrowing money from other people will happen when someone wants to invest very consistently with the capital they own. Because investing in Bitcoin is an investment that can be done at any time quite relaxedly without any coercion of our own will, so every decision and method we make is based on the comfort of each investor. So this will not trap someone in a bad condition at all as long as an investor is not involved in borrowing money for their own investment.

Congratulations on your bitcoin purchase, friend. Hope your Hodl runs smoothly for a long time.

When I saw your post, I was reminded of my personal experience. even though initially I was interested in Bitcoin and I tried to learn about it. However, after I understood Bitcoin well enough, I ran into a problem.
The biggest obstacle was, at that time I didn't have the money to buy it.

So I was very happy when I saw you bought bitcoin with your own money. Because I know for sure, when I made that first purchase, I felt very happy.

Well, it's not advisable to use a borrowed money to be able to invest in Bitcoin. But I don't think it's a bad thing because as long as the investor is capable of paying off his loan regardless of the result of the investment then I don't see it as a problem. However, this is only for investors who have a plan B just incase everything didn't go as planned. If you're a type of investor who will only rely on the profit of your investment to pay your loan then don't even consider trying to invest using a borrowed money because it's not a good idea.

Nevertheless, it is still best to invest using our own money. Do the strategy that you think is beneficial for long term. So timing when to buy Bitcoin and hold.

It doesn't occurs in anonymous contributions but it occurs amongst people who you're familiar with and for the fact that you're very close to them and you know them, they'll feel that you can't do anything if they didn't comply when it gets to your turn in the contribution though am not discouraging anyone that wants to get involved in contributions, I'm just saying based on my own experiences.


You may actually be correct on saying that not every one is interested in long-term investments but what hinders a lot of people not to be involved in long-term investments is as a result of low or unsteady income. Patience of a truth is one of the criteria for long-term investments but however, lots of people are afraid of what the future might hold for their investments even though they make predictions and expects positive outcome but yet the future is uncertain as anything, be it good or bad can happen to their investments in the long run.

Always wish your investment success. I think you made the right decision in the decision you made. Deserts are made up of small grains of sand, just as oceans are made up of water droplets. If you invest in your DCA approach with this word, you can create an ocean like a drop of water. A person who does not have enough funds to invest or does not have available funds will have a stronger investment if he invests using the DCA method. I am currently investing using the DCA method I would never have invested if I had not invested using the DCA method. That's why I always consider DCA method as the best way to invest.

We are talking here but it's not enough if we won't make an action. The surprise in Bitcoin's journey is not only the opportunity to earn but also to lose if we don't take it seriously. Some news can indeed come unexpectedly but we can refer to them to make a decision. Like for example there is a date if when will ETF be approved.

Some people will enter and buy because think the price will rise during those periods. If it's the negative news that pops up, investors will wait for a while thinking that the price will continue to dump more. You still can disregard these strategies and just buy or sell at any point. But it's best if we can HODL long enough.

I reckon your focal point is consistency.

You will achieve but a little if you have non or lack the most of consistency. A whole lot of people have started out loads of projects and have backed out of it mid way because they faced certain challenges, maybe they were not prepared for it but that is how everything works out. If you have actually pursued anything, you will notice that your commitment to that thing must be tested, so giving up is not an option for a consistent man.

That's a solid plan! Investing a bit into Bitcoin regularly, like setting aside a certain amount of money periodically, can be a smart move. It's all about consistency.

Think of it as gradually building your Bitcoin portfolio over time. This way, you're not just jumping in all at once, but rather spreading out your investment, which can be a more balanced approach.

Plus, hodling for the long term could turn out to be really rewarding. Here's to your journey into deeper involvement with Bitcoin – it sounds like you're on a promising path!

People that invest in Bitcoin long time ago are the ones benefiting today for believing that Bitcoin will one day grow above our imagination, truly today Bitcoin has grown to an amount that many people find if very hard to get, there are many people that doesn't know bitcoin is worth holding.
Many of us have doubted Bitcoin from the first time we hear about it but those that invested long time ago have that have also benefit from Bitcoin have made us to understand that Bitcoin is not here to take out money but here to make things change.
However it's not late to start investing as we know what's at the front and we have forgotten what's at the back of what has past long time.
Bitcoin is going to change the world that is why many scammers are trying hard to get closer to investor just to scam them their coins but if we play smart and not be friendly with others when it has something to do with our investments then we should just be careful.

Dear, Everybody has his own plans or mentality in my case I would recommend not borrowing any money to invest because if we are already in the minus and in case of we lose the borrowed one also it will be a double minus and headache separately. well, I know investing in Bitcoin is the best option so we can invest in it being fully relaxed but if the person from which you borrow money also needs some emergency funds then you have to return on time but the market is not allowing you to fetch your amount on that time so that's why borrowing money and investing can be proven risky. It is just a point of view. So, always invest your own money which is more recommended than investing by borrowing amount.

Yes I know this thread is old anyway...
I am glad for you OP that you bought BTC. But i don't understand why you need to show it and proof it for this forum?
I saw a similar thread to this somewhere like a week ago and did got like 60 merits for posting that he had bought BTC for like $30 USD.  ;D it really made my day and I was happy all day.
And also posted "Here are proofs to backup my claims." is that important here to proof others that you do something? I understand if you make a deal or something but this just seems strange.

Can anyone that is good on how this forum works find that other thread for me? You guys know what thread I speaking about I want to see it again I need some strength today!  :)

You have started your investment journey at the right time, Bitcoin price was 48k a few days ago. Slow down from 48k to now 38k at this point if you can invest in your correct method every week then your ride will definitely be right. If you can invest your money quickly in Bitcoin at the right time, then in the next year . 2025, you can definitely increase Bitcoin by two to three times. Still the real advice is that you have made the right decision as the price of Bitcoin is sure to go up. Right now Bitcoin is waiting for halving so if you take advantage of the low price of Bitcoin before the Bitcoin halving you will definitely be successful.

It would be nice to get updates when members start these kinds of threads, and it might not even matter so much if they make some mistakes along the way, yet it seems that part of the problem is that members who make these kinds of threads have hardly any staying power and probably they end up selling or discontinuing their buying.  I know people like this in real life too.. they have no ability to stick with something, even something as powerful as bitcoin.

I recall a thread in which one of the members had stopped some of his snaking, and he even had several follow ups and would have had been getting close to $100 per week invested into bitcoin, but he was doing that in 2021 when the BTC price went up and then down and then up and then back down as we know, and if guys were heavily enthusiastic in 2021, their holdings would have been in the negative for a large portion of 2022, and maybe even through most of 2023; however, at the same time, there would have had been a lot of fortune to continue to accumulate during those DOWNity periods, and perhaps even ended up bringing down their average cost per BTC.. and sure maybe even some mistakes would have happened along the way and maybe even ending up with relatively higher costs per BTC because of mistakes and maybe not buying during certain weeks that the BTC price was low (and depressing), but at the same time, a guy who started investing $100 per week in to bitcoin in the beginning of 2021 would have invested $15,700 and would have had accumulated 0.5524 BTC (https://dcabtc.com?sd=2021-01-01&sda=custom&f=weekly&d=3_years&ac=10000&c=true) (current value of $23.3k-ish)... so that person would surely be in a good position right now in terms of both profits and also in terms of having a decent quantity of BTC accumulated, even though there would have been decently extensive periods of time in which such same person would have had his BTC portfolio in the negative.

Yes OP, little drops of water indeed makes a might ocean. Idk what you have saved so far but looking at the date which is about 3 months ago, it’s likely that you’ve been able to accumulate more bitcoin, and that’s just how it goes. You keep buying little by little forgetting that it’s adding up, until one day when you look at the price difference and you see what Bitcoin can do.



I do not think that there is any need for the rush. Bitcoin is a volatile asset and anything can happen tomorrow, you can't be too sure. so for anyone who wants to borrow money, I think it isn't a good plan, not at all!

This is actually a great time to get in into bitcoin. The price is relatively cheap and the bull run is right around the corner
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I have been coming across this word "bull run" and I seem not to understand the word. Please enlighten me about  bull run the concept for proper assimilation.

Congratulations, you have started holding bitcoins. Good luck with your holding journey. Even if you start with very little money, if you do it regularly like every week using DCA method, you can take it far. I would encourage you to invest regularly using the DCA method and hold it for a long time. Keep it up, If you can continue like this, you will be able to acquire big wealth in the future. best of luck to you.

To produce a hill, you have to pile up the soil little by little. Your belief in the potential generated by Bitcoin in the future will further strengthen your determination to invest when the funds are available. The steps you take are great for saving the value of your money. Do it consistently, even in small amounts, you will feel big benefits when Bitcoin has reached the price desired by all investors.