Bitcoin Forum

I haven’t been a fan of digital currency because I was ignorant.
When the economy was better than the way it is now I was
Okay with my financial state.
I never knew things would get these worse. If I had the understanding
Of bitcoin when I was financially alright, by now I would have gotten a
Strong Financial support investing bitcoin. The inflation motivated me to
Make a research on how I could invest my income to gain financial stability
In the future an I realized I can only get it if investing in bitcoin.
The inflation is getting more serious everyday an theirs know sign it will
Get better. It is better for me to secure my future than doing nothing now .
I know if I could invest in bitcoin no matter how small it is , it would make a difference for me in the future.

Yup, that's right.

Many still don't realize that with every small amount that they will invest on Bitcoin matters a lot. They think that it should grow 100x or more in short time.

But, that's not how investing works. You have to be consistent in accumulation with those small amounts for you to feel the movement of the price in due time.

So save now and change your future and only invest what you can afford to lose.

It's good you were able to identify your flops and the area were you need to take actions. Am not sure of the category you belong (Newbie or expert), but it seems you've already figured out that Bitcoin investment is a clear way for you sustain especially in the current inflation you are experiencing. Mind you, as the BTT forum would say: "Bitcoin is not a get rich quick scheme". investment in Bitcoin does not work like magic or fairy tail fantasy. You need the knowledge (which you can get from this forum and your research), resources (funds), patience , and other things that other members might suggest to you.

I think most members would suggest the DCA method of investment to you, which you should be able to carry out at all cost since you are eager to do this. There shouldn't be any pressure in trying to build your investment. Try to be consistent, have all the things I mentioned above (very important), and see what happens as time goes bye. Before I forget, since you are investing for the future which I don't know how long, you should choose between a long term or short term investment plan. Wish you success on your journey.

Personally I think people that have issues with crypto related stuff are likely having a hard time understanding how they work. Similarly people who view Bitcoin as a scam or get rich quick scheme are those that are reluctant to getting valid information from reliable sources like Bitcointalk about it.

Although you really don't have to invest a lot in Bitcoin to be regarded as an investor the truth is Bitcoin investments are more profitable for those that invest more and most especially for a longer term. Another thing I think some people fail to understand us the fact that Crypto currency is more like the future of digital banking,and Bitcoin being  the Og of the crypto space makes it one of the safest crypto investments.

Stupid is not permanent. Stupid can turn smart if the desire to do it is strong.
Every year will be missed and economic conditions will not be as good as thinking. Every year the global economy faces the challenges that will be faced so that it has an impact on many sectors.

The right way to anticipate the uncertainty of the economy by investing in investment assets that have value. Here Bitcoin becomes a digital asset that can be a solution. If not necessarily with bitcoin, gold enters the option to plan a better future than storing Fiat which is at risk of losing value due to inflation.

Bitcoin in small amounts will not get large amounts of "profits" because Bitcoin is not a fast -rich scheme.

If you used banks for bank transfer, you already used digital currency whether you are a fan of digital currency or not.

All these sentences mean you already understand about Bitcoin's past ROIs and you already invested your income, money in Bitcoin.

Bitcoin in long term can help you to gain more profit, get richer but financial stability, I don't know. It's because itself is a volatile asset but we can expect in future, when its price becomes higher, market cap becomes bigger, its volatility will become smaller. When its volatility becomes smaller, you can get stability in your portfolio with bitcoin but I don't know when that time will come.

I don't know what is your strategy for investment but I suggest you to use DCA strategy.
[ANN] JJG Sustainable Bitcoin Withdrawal Strategy (https://bitcointalk.org/index.php?topic=5479482.0)
Websites for Dollar Cost Averaging DCA (https://bitcointalk.org/index.php?topic=5404885.0)
https://dcabtc.com
https://costavg.com

Usually what they only think that bitcoin is fast earning scheme to them that's why they got surprised on the technicalities showing up on them that's why they can't handle well when certain unexpected situation happened especially when the market collapsed. That's why they got panic and lose their money with this scenarios. If they experience to lose on that way then they cried and tell bitcoin is scam, but they forget to realize that they are the one who commit a mistake since if they just do a research a lot about bitcoin then they can avoid losing money from this asset.

Later on they realize that long term is the best when they already tested out how risky to invest on short term for bitcoin. So I guess investment on bitcoin is really for though guys since emotional people can't handle the unpredictability of bitcoin. Also they fail to understand on what you are pointing out since for them bitcoin is just investment where they can buy at low price and sell it when price goes high.

Perhaps, alot of people had not realised the impact of bitcoin in their financial situation but as time went on and having seen the consistent result of bitcoin, most who didn't take the opportunity around the time they heard of it now are taking it more serious and investing aggressively, thank goodness you found out that bitcoin could a be hedge to inflation of any kind at this time and the nearest future so putting your stash of dollars into bitcoin is a good idea but it wouldn't be a good one if you consider bitcoin a get reach scheme as you might be able to get profit from it in a short time when maximizing the volatility opportunity but if done wrony could lead to a total regret that is where a lot of people who has been calling bitcoin a scam has failed so for your investment to be at least okay you need some few prerequisites which you have first taken the 1st step by joining and asking questions in a community like this.

As long as you believe in bitcoin you can start with anything amount you have and grow it gradually to a good level that you can begin to practice withdrawal strategies but that will be in a very long time so taking profit shouldn't be your target for now but solely putting your little dimes in frequently should be your concerns.

I believe you didn't go through the link you provided, innit? This thread is the advanced strategy which is more of withdrawal than investment.

here is the actual thread you wanted op to look at; JJG’s Outline of Bitcoin Investment Ideas (https://bitcointalk.org/index.php?topic=5376945.0)

I know what that thread is for dude and I aware what I replied here because simply I am not a spammer.

DCA is a strategy mostly used for investors and their entries but it can be used for withdrawal strategy too and it's JJG's thread is about. The thread you share is part of JJG's investment ideas and strategies. The thread I shared is part of JJG's investment ideas and strategies but for withdrawals.

Did you see I share links to DCA for entries?

Investors must do both activities, invest, enter the market and exit, withdrawal money from the market and portfolio.

Perhaps I clearly see your point but I feel at this point this is absolutely not what op needs as his just here newly or he just arrived, withdrawal shouldn't be the goal yet from an obvious point.

Basically you do not expect someone who just came in to start making withdrawals are you ? I guess no right! That's why I dropped the other thread which is more focused and more like an ELI5 thread for beginners in the journey of bitcoin investments, it's a foundation thread by JayJuanGee


So what I'm just letting you know is that the link embedded in your above post is more of a project development of @bitmover, it's about a website which he established for the @JayJuanGee (JJG's sustainable Bitcoin withdrawal/portfolio maintenance strategies)

Well, it is good you have now know the importance of investing in Bitcoin and you understand it is a reliable asset. Before you plan investing bitcoin you have to understand that bitcoin is good when it is a longterm investment and this is not like other investment that you can predict when to get profit. Bitcoin is unpredicted and you need good patience for you to hodl this asset. Bitcoin is an asset that you can't really depend on it to solve daily problems, as you are investing bitcoin try your best to increase your income by having some other sources of income, this will help you to have good concentration on your investment and not having thought of selling because of financial challenge that needs to be attend to.

First please try posting your thoughts in the normal way, even if you are using your mobile phone. The way you have posted it looks like a wall of words which does not make any difference but it hinders my ability to see through your thoughts. Please do use simple paragraph structure which allows anyone with eye sight issues to read it clearly and understand it to reply.

Let's talk about the issue, it is nothing but FOMO, if you do not understand what is it then do a google search.

Yes, if you invest in Bitcoin and hold that investment for long term then surely you'll end up making profit from that investment, but before investing in Bitcoin you should learn about Bitcoin investment and personal wallet. You should also learn about cold and hot wallets so you may not face any issues with your investment.

I also suggest you to follow a good strategy for investing in Bitcoin. I personally follow DIP+DCA strategy where I invest a certain amount in Bitcoin when I see huge dips and then I keep doing that whenever there occurs a dip. That way I can accumulate more Bitcoin with the same amount of money.

It not too late to start your bitcoin investment journey, however create a passion for your bitcoin journey, don't only see it as an option to invest in because of inflation in your country, see it as a financial investment to secure your future as you've rightly put. Of course you can invest in bitcoin no matter how small it is, a very Good method to use in doing that, is the DCA method, which allows you gather the little much you can, no matter the price range. First thing you need to do, is build your knowledge of understanding about the Bitcoin concept, then you can gradually start in investment. The forum is open for you to ask questions on where you need clarification.

It is never too late to start from somewhere, bitcoin will always present you with the opportunities needed to make it and live by hope, if you can take decision today and start from somewhere, you may not have to remember the past again than having focus on the future, you should also be grateful that if you had invested long time ago, you might have lost your asset due to any silly mistake and missed out as well on that opportunity of securing it.

We have heard different stories of people who regretted not investing on Bitcoin earlier before now when they had a lot of money to invest but they didn't and that is how life is because there were also people who actually took the risks and invested on bitcoin then and most of them are now millionaires and has good amount of Bitcoins in their individual portfolios and now that you are making this regrets is still the best time to invest because Bitcoin is yet to create more shocking history in the near future so the advice is just the same, buy and hodl.

Bitcoin is one of the interesting projects to deal with because it's doesn't end in a way we expects, rather it becomes very smooth for everyone of us and we shoud be making more efficient ways to accomplish top goals. Talking about lateness, nobody have a clear idea about the potential exploring opportunities bitcoin can offer and we should always take into consideration how to spot out easy buying of bitcoin and selling.

Whether the Bitcoin investment is small or large, it is of course most important that you participate in the investment. If you normally invest $100 as part of your Bitcoin investment, you can definitely use the DCA method to reach your goal of growth. DCA method is the most important in Bitcoin investment, because you can invest any method you consider on weekly monthly basis. But after two weeks you can take part of the investment and increase your investment based on your income.

interesting and more interesting as a consideration why many people suggest why BTC is always a good choice for those who really understand the market is that BTC has always been a game changer in the market.

When BTC is corrected, for example today, look at meme coins and those that don't have fundamentals, their prices immediately fall by 30-40% and BTC is still in good condition. This is what differentiates potential coin investments from ordinary ones.

The most important thing is not to force your situation. I mean when you are obsessed with Bitcoin investment you can ignore your needs and that will mess up your financial management.
What you need to know first is how much money you make. how much do you need to spend? how much can be left for savings? and you can invest the rest in Bitcoin.
What you should also know is that Bitcoin will not change your life in a short time. enjoy the process never give up.

Bitcoin is one of the tools you can counterattack inflation but I beg to differ with the term only way and that too coming from literally Bitcoin newbie.

Even though I am Bitcoin maximalist I won't recommend you to have an investment portfolio only filled with Bitcoin and in fact, you can go up to 30-40% but anything more then you are risking which can pay you more than any other investment but it also contradicts the basic thumb rule of being successful investor which is don't put all eggs in one basket.

So I would take the conservative investment strategy to keep the risk in balance so even if bitcoin is going through bad days the assets from other secotrs may compensate and not give the panic of I lost everything.

Okay, but if you are so insightful about OP issues, can you explain the purpose and meaning of creating this thread? I don't understand, except that the OP, who was on the forum for a month, created a short monologue about his thoughts on Bitcoin. Where do you see his questions or requests for help to understand why he came here and what he wanted to say?

And yes, are you sure that he will read all this?

As you can see, I’m not the only one who doesn’t understand this ;D

Over the years Bitcoin has always been a competitive investment most persons would like to dive into.Bitcoin is indeed an interesting investment.Bitcoin investment is a choice,just like you understood the value of Bitcoin even in economic crisis it isn't affected,and you also made a right choice by investing in Bitcoin.Bitcoin is considered as an interesting investment because it is a safe haven asset, meaning it doesn't lose it's value even in the face of economic crisis.

Bitcoin has maintained its position and hasn't faced as much competition as it does now, despite the abundance of rivals. Bitcoin is still incredibly resilient. Additionally, individuals are more interested in bitcoin because it is a unique form of investment. Investing in bitcoin is simple for anyone who recognizes its value. There won't be much to accomplish because the mind is already prepared because it is already persuaded. Since bitcoin is not a forced purchase, investors should be concerned about the direction the cryptocurrency is taking. As of right now, nobody has anything to say about bitcoin. And when bitcoin starts to interest you, that's when you'll like earning money because it's something you enjoy doing; nevertheless, you won't succeed if you don't appreciate what you are doing.

It is never late my friend what is most important is consistency in order achieve the expected goal and objectives. Set out an  emergency funds while investing with as little as possible after ensuring your living expenses are taking care of your disposable income can be invested through the DCA strategy either weekly or monthly depending on your income flow irrespective the price point on different intervals. Bitcoin is the best world class digital asset which Will give you that financial freedom you needed, enabling borderless transactions, offering protection against inflation, preserving privacy, and as well creating investment opportunities. Don't feel regret for not being able to have recognized the potentials Bitcoin holds earlier for it never too late as Bitcoin is still a growing digital asset, but you should rather focus on what can be achievable in the future.

For me yes, because the learning you will gain is expensive, and cannot pay any amount of money, you can use it for your own goods like good benefits. It will help you to grow as an investor or any skill you want to pursue in cryptocurrency.
Any amount is really good, just learn everything especially the basics and master it.

I think, there is no way you will know Bitcoin and you will not like to show interest to invest in Bitcoin, because among the cryptocurrencies in the market, Bitcoin still remain the king and whenever the price is increasing in the market, other cryptocurrencies price will be increasing gradually in the market to make investors to be part of the bullish season at the moment. If you have the capital with you, I will advice you to take a bold step to invest in Bitcoin when the bearish season appear and hold for long period of time, I believe you will have something positive to achieve that will help you to overcome the inflation that is rising in your country. When you succeed in purchasing Bitcoin, try to use electrum wallet or any other solid wallet to stock your Bitcoin, because there are some wallets you will use, it will be easy for scammers to have access to your Bitcoin.

That is good for you if you realizes that you can invests in Bitcoin. You should start immediately before it's too late although there is no late to invests in Bitcoin. You should learn first before you decides to start investing in Bitcoin so you will knows how and what you must do.

Many people who realizes that Bitcoin can save their future will not wait for longer to start. They will prepare many things, including the money they will use to invests in Bitcoin. They knows that they can have better life in the future so they can use Bitcoin to helps them.

While Bitcoin price is not increase high, you can begins to invests in Bitcoin. You can use DCA method to start because many people use that way and they gets the benefits from DCA. But you should remember that Bitcoin is not a fast way to makes money or getting rich. You must be patient to wait your investment grows.

If people use money to invest but don't think of how to exit, the person is high risk taker or gambler. Time of withdrawal can be vague, not identified yet by that person but if the person is me, I would consider risk of failure in exit. Trading volume, bull or bear market, difference between entry and exit price if I do my entry today and plan to exit in future, next one, two or 6 months. I am not God to know everything about the market, its future but I need to have my plan for entry and withdrawal, it's important for me and other careful investors.

Understand and master basics is important and already enough if people can do master the basics and apply it for their either investment or trading. They can get lost with overwhelming technical indicators but if they master importance of trading volume, they can use this for their analysis on the market trend that is helpful enough for their investment, trading strategy and plan for future.

If they attach and use many indicators, but don't master any of them, they will not gain clear vision from indicators they use. Combination of many indicators only makes things more complicated and unhelpful for risk, capital management, investment or trading.

I think we have heard some many stories about people's that regretted to invest in Bitcoin at the early stage because of fear why some people that didn't have fear were able to make out time to invest in Bitcoin at the early stage, however those people's that invested on Bitcoin at early stage with a small amount of money are all billionaires now, although that's why is always necessary for us to take risk in some satin things because sometimes the risk you take today we make you to be Rich tomorrow more especially when it comes to Bitcoin investment, however I think is not too late for you to invest in Bitcoin but always remember to invest what you can afford to lose that's the main goal.

What most people failed to understand is that no matter how little they can afford on investing on Bitcoin is a good start because your investment portfolio will seriously appreciate overtime if they are consistent, but in most cases people normally want to be rich first before they realize the need to start investing on Bitcoin, however just like you said imagine if you had started investing on Bitcoin then by now you would have actually gone very far on your Bitcoin journey now but however is not actually too late, you can still start accumulating and holding Bitcoin now even if you may no longer be financially stable as you are before, so perhaps you can start with the little you can afford and accumulate either on monthly or weekly basis depending on the one that will actually be more suitable for you, perhaps adapting the use of DCA method of accumulation will also help you a lot because it has to do with accumulating Bitcoin with the amount that's okay for you to invest.

I’m grateful that you highlighted significant facts on the bases of proper planning before making investments.
Bitcoin has not only saved lives, but eradicated poverty in the world. I would continue to utilize every penny that
Comes my way in proper investment!!

Initially just like you started above , I use too think that I have to be rich before I could invest in bitcoin.
Little did I know, I would have started early. Thank You for also recommending the DCA method of accumulation
My bitcoin journey starts now!!

A currency that doesn’t depreciate no matter the economic crisis, is an ideal form of securing the future
As the inflation has taken over an people face extreme poverty an hardships, I’m grateful to a friend that took out time to Educate me on how it works ,I’m open minded an willing to learn the interesting part of investing.

Most of us has been there , not able to see the beauty of investing on Bitcoin on time . Due to  ignorance we have missed alot of opportunities when it comes to investing in Bitcoin and I think this same reason alot of people haven't consider to invest on it , maybe when one got the inspiration of investing in digital currency at first he endup investing in the wrong project Which left a bad review about cryptocurrencies in his minds. What am tryin to say is that most people are fonds of comparing other coins to Bitcoin, which is wrong bitcoin is like the king of cryptocurrencies, and it's potential ain't like the others.

Well look on the bright side there's still time to partake in this wonderful journey of investing in Bitcoin, so I hope you have already started yah accumulation so that you won't endup missing the wonderful opportunity (in investing in bitcoin) ahead which are yet to come. Now you have seen the beauty of investing in Bitcoin

Of course if you invest in Bitcoin, your future life is very likely to change, now almost people have Bitcoin as a digital currency, so you can invest it for long term. And if you are an all income person then you can definitely invest the whole amount repeatedly using DCA method it can be regular for several years.  Only small investors investing in the DCA system can definitely achieve success.

Bitcoin is a good project and good choice for future investment but keep in mind that if you have money to invest in Bitcoin then you may have to wait for a long time in profit. Therefore, if you don't have enough money to wait for a long time, you should not invest too much in Bitcoin, as many new people who come into trading think that trading is like a job from which we can get a monthly salary or daily income from which our house will run but it is not.

Except for a few big traders who have a lot of money and experience, not everyone can profit from trading all the time. So my advice is that if you are new then you should still understand trading and all the coins you want to buy and get knowledge about them before thinking of investment. You won't regret it later.

Don't ever think that Bitcoin investment is too late because Bitcoin is an asset of the future and of course Bitcoin investment will create financial freedom in the future. Use past regrets as motivation to move forward. In the past, maybe we were stupid and didn't understand Bitcoin technology, but now that we have studied and know how Bitcoin works, we should prepare assets for the future from now on. Buying bitcoin doesn't require a lot of capital with little money, you can also buy it in stages, so don't waste this opportunity, especially if you already have fairly stable finances.

Remembering the past will make us lulled with regret, now you have to look forward because bitcoin will change your life someday but you should not have the mindset that investing in bitcoin will make you rich quickly, that is wrong. You can become rich because of Bitcoin but it takes a process, time and of course patience.

Thank you for I would also consider the conservative investment strategy, as a newbie am open to learn an do research in other for me not be in loss. No knowledge is a waste I hope on having a long term investment on bitcoin.

It is never too late as long as you keep trying to do your best and now is the time for you to start investing responsibly. Bitcoin has proven to be able to maintain its value and we understand that this asset has a much better prospect in the future compared to others. Of course there are also things that need to be considered, namely risk and this can be minimized when someone understands the journey of bitcoin. Inflation has made economic resources worse and people are starting to have difficulty getting a stable income.

Today and beyond is a step for anyone to be more prepared to face inflation and the way to do it is by utilizing investment in bitcoin. At least we have several steps, investment as the main thing and savings are preparation to face inflation. When this can be done simultaneously then I am sure we have a solution when inflation hits and we will not face such a complicated problem.

Success is always looking for those who dream big and make a good plan for their selves future. Having an interest in Bitcoin investment is a very good idea; no amount is too small to start a Bitcoin investment. But the only thing you have to struggle with first before introducing yourself to it is for you to go and do research on how Bitcoin investment works, know the skills of it, and also learn how to be patient.

Because you cannot invest in Bitcoin and expect huge profits with in one week or month; it deserves a long period of time, which will be more profitable and can also make a difference for you in the future. If not the way the high inflation is going on currently, any body that doesn't have any single plans, they will remain without achieving anything.

This is interesting but I hope you know that Bitcoin growth isn't steady and doesn't have a define rate, just because it performed better from 2020 to now, there is not assurance that it will do the same in the next 4 years because it's getting expensive everyday and more difficult is becoming to make a new all time high discovery. If you now made your assumption with that facts and later it didn't goes as you expected, you will feel cheated.

However, the best way to about this is understanding the right time to invest in Bitcoin and holding for long time. The person who bought Bitcoin when the market is hard and red will make more money than someone that bought  Bitcoin in bull run and the duration also determines how much you will make in every bull run cycle. A person that probably buy Bitcoin at all time high and in the bull season might be the one to suffer inflation more if care is not taken. So, invest wisely.