Bitcoin Forum

Bitcoin today is all time high and most of us would have some bitcoin or satoshi with us. Many people would sell the bitcoin at these high prices and mostly new people who do not have bitcoin will still not buy bitcoin because they think bitcoin prices are too high.

I would like that all of us who do not have bitcoins, should buy $200 worth of bitcoins , keep it in some wallet and forget  it. In five to ten years time you will thank me about this investment. Maybe most of the people will have their good retirement life if they just invest $200 worth of bitcoin today.

Please also pass this message to all your near and dear ones. You never know in 10 years time 1 satoshi may be worth 1 dollar.

I'm sorry I'm not going to do that for Bitcoin or any other investment. Perhaps 1 satoshi reaches there but it might be 100 years not 10. I won't tell anyone to buy as anyone that was supposed to known about Bitcoin already does. I am only discussing with people that want to learn and not with losers that have no financial knowledge or understanding. Most people you will see around you are tools of a financial system that creates loan slaves that will have to work the rest of their lives to repay their credit card debt, student loans and anything else they bought without having the means. I tried talking to many people but it was a mistake. 90% of them even the near and dear ones will prefer to gamble these $200 in a casino or a lottery than to invest. Also they look at me in disbelief like I'm trying to sell them some scam so I'm not going to discuss anything again unless I'm asked first.

That is the wrong perception. There are many people who are not aware of bitcoin till now. I understand that people find it hard to believe but one day they will regret that they did not follow our advise.
If everyone in the world buy some portion of bitcoin, you can't image how valuable bitcoin can be.

I know that you do not have any ill intentions regarding your post but let me tell you now that people will not heed your advice no matter, they have their own minds to decide what to do and I think that you should understand. There will be people who will agree with you that's for sure but do not drill in your ideals to other, let it seep in. And if the time comes that you are right then it is their fault not yours. I did what you said a long time ago and I think it is a good way to have a secure albeit uncertain future. Let the people regret their decisions OP.

Simply put, invest some today and just hold on it for the next 5 years and see how it goes. This has been the theme for many years now though, and yet people are not listening, just imagine the amount of tweeter posts that I have seen, saying that they have bought bitcoin very cheap but sold them by least than $100 or $1000 and now they regret their decisions. So be wise and as the OP has said, look ahead in the future.

You did forget most important steps:
- Which bitcoin wallet to use?
- Where to store the $200 bitcoin?
- How about backup of the wallet?
- How to recover it on other devices?
Not your keys, not your coins. If you can not recover a wallet, you will lose your bitcoin.

Choose a non-custodial wallet, back it up, and practice to recover it from the backup. [General] Bitcoin wallets - Which, What, Why? (https://bitcointalk.org/index.php?topic=1631151.msg16405643#msg16405643)

It will be crazy if one satoshi costs 1 dollar but I hope so.

One can say the opposite. You never knows what will happen in 10 years, Bitcoin may go to the Moon or loose most of its current value.
Actually, satoshi represents Bitcoin 100 millionth part. How could Bitcoin price gain almost 99 Million dollars in 10 years?

I think it's generally good advice for everyone to be patient and wait now.
Unlike in 2017 it seems to me that this bitcoin price rise is more stable and probably longer-term as large, institutional investors are also involved.
Those who are smart and patient now in 5 or 10 years will solve all their financial problems.

And one bitcoin would be 100m and all the bitcoins will be worth 2 quadrillions, that's 24 times the GDP of the entire planet. Of course, it would be possible but in the scenario where 1000$ would buy you a diet coke.

Now, you realize how bad you're making this advice sound? It's Christmas, New Year's Eve is coming and you want to send messages to all your family and others to buy bitcoins with all their money? If I would do this I would look more like a ponzi promoter than a crypto believer, buy now, this is your last chance to get rich!!!
Besides, everyone had a lot of time to explain this to everybody, if they dnd't till now then it's most likely they will not succeed this time either.


I wonder if the real fear is of a dump and not about people you've never seen in your life losing this opportunity ;)

Some people may wait some pullbacks before buying some, just like me :D. Some people may say just like me is to wait because of the peak. What happened last bull run, around 2017- 2018, Bitcoin and crypto market reall suffered and bleed too much.

Just exactly as I thought. That sounds like a desperate ponzi promoter who wants to pump Bitcoin real hard for their own personal gains.
The intentions were good, but the way of introducing Bitcoin to people who are still unaware of were definitely wrong. Thats the reason why I always prefer people asking me first about Bitcoin, than actually preaching them how good Bitcoin is as an investment.

Easy to say but it will be difficult to convince people who don't know too much about crypto, you have to have strong enough reasons and evidence to be able to convince many people. I myself currently prefer to wait for the price down before rising again to a higest price than now.

Err yea okay, good luck, have a nice life. In all honesty though, what's the bloody difference between a robot and someone who would follow your words. Sure, if someone came to a similar conclusion with the one you came up with, that's actually understandable, at the very least he used his brain to understand and think about the future. In the first place, your appeal should've been to introduce the advantages of Bitcoin, not to tell them to shut up and buy Bitcoin, then you'll thank me later. It's like those shtty ass protagonists that just do whatever the hell they want. Yes, the intentions are good, but its kind of like beauty is in the eye of the beholder, without understanding your intentions, most people would only look at you being some kind of scammer in the streets.

Everytime btc hit a new ATH i said to myself, it is already too late to buy then suddenly after some hours btc will record another ATH, now am left confused at the direction of this coin, I don't want to believe the price will keep going up (even though it feels like that) the last correction was not very serious either, probably major correction will happen in January or February 2021, but the way btc is going it seems it will touch 30k before or by January. Congrats to holders who already bought and I don't know if it is advisable for anyone to buy now.

IMHO, I believe your intention is good, but how can we so sure that $200 dollars worth of Bitcoin will be worth thousands in the future, Are you considering the 'threats and fud's" in this industry like the government regulations issues and even the technological advancement in computing system might pose a serious threat to Bitcoin itself.

Quantum computing is gaining much attention recently because it was already achieved, so I think the future is uncertain thats why buying $200 worth of Bitcoin with that purpose is not needed. In my position, it is better to invest it today until the market is showing positively.

In my opinion, I won't  pass-on Bitcoin like this to people who haven't bought Bitcoin, if you trust Bitcoin from here to the end of the world, passing Bitcoin on like that is still your speculation, ten years is a long time, but life is short and ten years can be fast, don't give -Newbie- the sense for them to be insensitive when investing

Actually he have a point on his suggestion since somehow it based on the experience of early adopters where they left some few bucks and became thousands of dollars, And we shouldn't trust to much about how these things go right now since before we experience some great price increase and turn us down when huge dump came, so its still good to listen to his advice and be careful about the future bring.

You never knew that $200 suggestion would bring you a good future so best to do that since there's few bucks to lose and the future is bring maybe 10 years from now.

Like @stompix pointed out, this scenario where 200$ in Bitcoin will secure your future is not coming ever. Bitcoin today is just another investment as good as real estate (before a boom) or a good stock that you believe in. We have to stop hoping for the 100X that BTC has been known for in the last decade.

The gains from here on will be modest. The important thing is that those who engage will be seen as those distant, risk-taking uncles who had a reputation for making risky bets in penny stocks but 20 years down the line, you hear them being very comfortably retired while your own family still struggles with finding right interest rates on a home loan.

I appreciate your kind gesture but even the same people would be eagerly waiting to see the drop in price, I know there's a massive change in BTC if we compare with 2017 this time price is going up. So it looks like the price will go up even next week as big investors are pouring money, for me expectations are higher and many would still fear to buy in this price, let's not to hurry and buy wait for sometime.

I will also not do that kind of advice, I will not wait for a lot of time to make bitcoin profitable. If you want to invest on bitcoin and make it profitable then why not make profits in trading? A 10 years is really not a good span of time for an investors who are using cryptocurrency as an asset in the market. There are a lot of things that might happen in 10 years, you can make it profitable in 2, 3, 4 years or as earlier as you can. So this strategy is only applicable to those people who are willing to wait for so many years.

First you can not predict the future to know that it will take a stipulated time for 1 Satoshi to be worth 1 dollar, I think the best way of investing in whatever coin, is understanding the coin, the potential and the use case towards the future, then invest what you can afford, if as time goes on you decide to sell it's up to you, and if you decide to hold long term it is also your decision.
Nevertheless, you made a good post and if taken seriously have the possibility of making one gain a lot, but you should know there are many people who are yet to understand what Bitcoin is, so I think the first step would be to educate them and then allow them make their choices. The reason for this is, I believe many people who bought Bitcoin because of what they saw in 2018 and then it dumps, will regret as of then, but had it been a majority of them were educated about it, and held till now, they would be in good gains.

If you invest money, you have to do it wisely. You should not invest everything in bitcoin, since no one knows how everything can end. Yes, it is obvious that Bitcoin is now very profitable for investing, but do not forget about the risks. Thus, it is best now to keep money in bitcoins and in precious metals, since, for example, gold will never lose its value for people, because it has practical applications in life. Gold can only drop in price, but it is impossible to completely abandon it, since it has unique properties that other metals do not have.

I'm pro-Bitcoin, but I really don't like the idea of buying at the ATH. It's a very risky thing to do, it goes against investing 101, and it's very likely to end badly. Taking the history of BTC price changes into account, I really doubt the price is not going to drop at least 30% eventually, and I think that a 50-60% drop is very realistic. And then it will be the Bitcoin FUD all over again with people feeling like they missed their chance and reluctant to buy at $10k. Then this $200 idea might be a good one.
I have some limited BTC which I don't sell and kind of always have in my wallet, so I'll just keep doing that.

And hopefully in the next ten years, people will come back here to share testimony on how this your post has changed their life positively. The courage to do this is what majority lacks  even though we have read numerous post in the past stating that you can never go wrong by investing in bitcoin. After the fall in the price of bitcoin in 2017/2018, a lot of people lost interest because everyone want quick means of getting big profit but only people who has been an enthusiast of the bitcoin since the day Satoshi launch this coin still have the courage to carry on. Do you know there are numerous things we waste money on, if we could at least channel 1% of our wasteful spending on buying bitcoin, it could be the best decision we have ever taken. My advice to everyone especially to those people that earn monthly salary. you can channel just 1% of your monthly salary to buy bitcoin

i remember the Thread I read in the past about the topic "Every Satoshi Counts" comes from the famous Water ads government use "Every Drops Count" (talking about Water)

Actually what i want to say here is that Those who has Few satoshi Must treasure them n their wallet .

Because if time comes that Bitcoin Reach the Top and may amount Million dollars per bitcoin ? each satoshi may save your Bills in future.

I got your point here but we don't have to force anyone to buy Bitcoin if they don't want, because it might backfire to them. For example, for making a very persuasive speech of Bitcoin, and then people decided to buy it because of FOMO and then the price dump, then they will enter or the state of FUD, the next thing they'll do is to sell it because of too much panicking.

And guess what? they'll blame you for making them bought Bitcoin, and the money they've lost because of the bearish market. So before you tell people to buy Bitcoin, so must first teach them or tell them to study about it first before proceeding to the next level to avoid losses.

Bitcoin is volatile and it is not like gold that if you invest on it, its price will constantly increase over time.

After 10 years, are you sure that bitcoin will really have a higher price? If yes, then probably all of the things that we need in daily lives will also increase in price such as food, clothes, and other things that will help us live. The rate will still the same and I know that in 10 years, there's a already a lot of things that can happen.

Investing on bitcoin in the proper timing and making it profitable in the market depending on its hype is really what will make you successful and have a huge profits.

People have choice if they are going to sell, buy and hold their bitcoin that they have right now. Other people secure their profit and they sell what they have because they want guarantee that their profit is safe but I think it's more people are really believe to the bitcoin that it will rise more and we want to take that risk and hold more for better future because the more people hold bitcoin high chance to rise it and we know the consequences of this.

Buying Bitcoin of very low amount won't make much gain no matter the price increment. But you can use a little part of the money to buy an altcoin that will give or double or triple of your invested amount. That's what I would do.

I guess what i get from OP thread was to remind everyone to secure for their or for our future because he knows already that bitcoin was a very volatile coin. And yes no one knows what will going to happen tomorrow to the cryptocurrency especially bitcoin. No one predicted a correct predictions in bitcoin and i guess to be able to work out this reminder was to have a another investment aside from investment in bitcoin, have a real state investment or businesses while dealing in bitcoin.

I agree that bitcoins are a good asset and one should invest in bitcoins for good returns ,
yes this growth was stable and is not a bubble like the previous one , yet as we see more and more institutional investors which could even lead in price manipulation in the near future, one major company can create its own monopoly by owning  major sums of BTC.

a good return yes obviously in a long term but a profit you can live your retirement life on cant be sure of that.
 

First of all, not everyone has $200 that they can invest just like that, and secondly, it is too small an amount for anyone to hope to profit from in the next 5 or 10 years. What is also not logical to me is that anyone is advised to invest during the bull run, and even at the beginning of the year the price was almost up to five times lower.

As some other members have mentioned, owning a BTC is not something anyone can do successfully, for some it would be $200 thrown to the wind. When it comes to financial advice and money, it is better to stay aside, because you can put your family members, friends or acquaintances in very bad situations - what if the price of BTC goes down significantly, or if someone steals what they have invested in?

I've tried to help some people in the past, but most didn't listen to me and did all sorts of stupid things, and they blamed me for everything - of course everyone blames the messenger first, it's so much easier than accepting their responsibility.

I agree with this.

Buying in an uptrend means losing of profit if, yes, if you bought it in the peak. What I mean is when you bought Bitcoin in $30,000 and then you thought the price is going to hike up more but it suddenly hit the reversal causing your profit into a negative one. That's why being a FOMO with a plan is a must, ask for someone about the chart of Bitcoin, or ask here in this forum what's their price prediction before this year ends.

Wait for confirmation before buying to achieve the profits in the long run.

Cheers!

You already said that we never know what could be the price of bitcoin in the next 10 years so it would be hard to encourage other people around us to invest in bitcoin. We can't just tell them that the 1 Satoshi may be worth 1 dollar in the future because it might not happen as well. Bitcoin is a good investment but I would only suggest it to people who are interested, willing to learn about it, and patient.

No one literally knows what can happen on Bitcoin after 5 to 10 years in time and let us just make people make their own decisions with regards to purchasing or investing with Bitcoin since they will be the ones who will benefit on it or not. The appeal should not be forceful or manipulative because we all do have our own minds to think about it. Let them decide for what they think is best for them. They will be the ones to regret or benefit after all with regards to the decision they will make. It is not just a sort of belief but as well as risk on getting into Bitcoin so better be sure on making your own decision not because someone told you to do so.

Once i have sold 1 BTC for only $500 but today i can't dream of buying 1 BTC. It is now on the moon. Those who are selling today, may regret like me after 5 years from now. I know few holders who are still holding Bitcoin from $500 rate to till today. Wise holders won't sell Bitcoin even in small correction period, they try to buy as more as they can for their future hold. Those who hold Bitcoin avoiding GOLD or deposited in banks, are now gainers and will be more gainers in the next few years.

Making small investments in Bitcoin is good. But at the same time, you need to keep your expectations low. Right now Bitcoin is trading at $26,400 per coin and its market cap is around $500 billion. Unlike what happened in 2013 and 2017, I don't think that it is possible for Bitcoin to give 20x or 50x returns anymore. It has already attained a high market capitalization, and therefore any future returns will be moderate.

Even if we buy 200 USD worth of Bitcoins at a 25K USD price,how much will the price increase after 5 years?
I don't believe that the BTC price will increase above 100K USD in 2025,so those $200 will most likely become $800.
Do you think that this amount will "secure our future"?  ;D
I don't want to promote Bitcoin to anyone,because the people will begin to believe that Bitcoin is some sort of ponzi scheme.
One Satoshi will most likely never reach the 1 dollar price,so there's no point of fantasizing about what will happen in the future.
Bitcoin is not a lottery ticket...

To increase your Bitcoin holdings you need to also take the risk investing in altcoin that you think can give you upto 100x profit .in that case you are helping your self to increase your holdings at the same time you earn in BTC if the price of it increase . So trading will be the best option for you if you are looking for high gain that Bitcoin give before and to do that you need to do some research about the project and make sure you will not lost in it for buying.

Actually, I like his idea about buying $200 worth of bitcoin and hold it in a wallet and forget it (but do not really forget if we have bitcoin in that wallet ;D). What I want to say, when we use $200, that means, $200 is the money that we will not use for anything and that is free to use in anything you want, and you do not mind if you lose that amount someday.

Or we can invest in bitcoin by buying $10-$50 in bitcoin weekly or monthly for a year, and after a year, we stop the investment and just hold for the price increases. If the price can increase, let say, we bought bitcoin at $30k-$50k for a year, but in the next year or next two year, the bitcoin price can increase for $100k-$250k, that will be huge money for them.

We have different in making a plan of investing, so we might not agree with someone idea because their idea can not work to us, so we need to find the other methods for our investing.

That amount of money can be enough to at least have a future that will be really good and one that is able to be commendable however, $200 is still a big investment and one thing that we can do is create enough time to create our own capital within the Cryptocurrency Industry. We can actually mine and join other campaigns that would give us cryptocurrencies.

That's actually ideal for most people since for sure after 10 years your 200$ investment in bitcoin will make a profit and probably will be around 1500$ or even more.

But for an investor, we know that investing one time like this is the best move that you could make but at the same, you need to wait for the lowest market price of bitcoin possible before going for the investment to get a higher profit and its not really a small profit even a small price difference.

At the same time, short term investment or traders actually make a good amount of profit with trading daily so that's another option to make a profit too.

The price of bitcoin is currently getting higher, always making new ATH again and again until it reaches $ 40k and still continues. Op's advice about securing each other's assets was good. However, some people have their own target price. There are already Take profit on the first ATH at $ 20k, at $ 30k ATH and so far $ 40k. If you are able to hold it until now, you certainly have a strong belief that BTC will continue to rise, but I don't know how much ATH will continue to be made, but taking a little profit or a little capital is a wise choice to overcome unwanted emergencies. Stick to the strategy that was made, don't be too greedy.

Not everybody can afford $200, but I agree that it is now MORE RISKY NOT TO have exposure to Bitcoin whatever your net worth it is. Even 0.10% of your net worth, in some years could represent 5-10%, who knows.
Keep in mind that most of us here are supporters so other people might consider us biased and we most surely are. My opinion is that when institutions are getting in and high net worth individuals start to build positions, it is a good sign.

The information you give only to people who can afford to buy bitcoin and what if that person can't afford to buy but they force sell the land to buy coins, if that person is new to bitcoin. If they get an advantage it doesn't matter if they lose if you don't feel sorry for them. I think it's better to get to know about bitcoin and work on a bounty from the results it can be to buy bitcoin

That's very bullish...  $200 is a small amount, I think if we really want to invest, we should increase it.

Bitcoin has a high price now but it doesn't mean it will continue to rise, it has a time that it will be bearish and I think that's the right time to invest more. .
So if bitcoin will reach $1 million each someday, your $200 now would only reach $5,000.. I think that's not enough to consider as a retirement.

However, if you buy increase bitcoin will dropped $5000.. which is unlikely but possible, you $200 will become $40,000... I think that's a decent amount already.

You are correct mate. But this does not work on each and every one due to the fact that less fortunate Bitcoiner like me has to prioritize basic needs rather than buying Bitcoins as a future proof asset most especially nowadays where pandemic is still on and one thing is that some lost their job the same as I am. I want to invest or buy Bitcoin because I know one day it will secure my future but I can't. As a crypto bounty hunter I hope I can with my revenue. If I have given a chance to have extra money why not?

Oh, how deeply I am agrree with you. I tried also to tell about Bitcoin to dear ones and some friends that did not believed me and they just thought that I am inadequately see the world and things in it. They prefer to get only salaries working double on lots of works, some just is afraid to risk, some of them are sure that it is a ponzi scheme and I am a victim of it))) That is why I communicate about Bitcoin and crypto with those who are interested in it or even engaged already, because those people and I am we understand each other and there is no need to proof something to anyone.

Have you try it?

I guess you will sell your bitcoin when its price increase 5x when you bought it. As an example, you buy bitcoin at the current price than I'll bet you sell it when its price touch $100.000 because you will a profit that you got and you are tempted to sell it.

I don't it need ten years from now for bitcoin increase to high price like $100.000 or $200.000. Looking at the current price movement it is really possible to achieve it for just one year and below. As you can see now, after bitcoin price pass $20.000 its price just increase and increase. It just need less one month to reach $40.000.

Good advice for investing in your future. But you also need to consider some points. If you are a beginner, then you need to understand how to buy bitcoins. If you are going to buy them on an exchange, then you must be confident in it. In order not to lose your money, you need to find out the reputation of the exchange. Also, you must be prepared that there you will have to verify your identity.
Next, you need to purchase a hardware crypto wallet. To store money and make a backup copy of such a wallet if you intend to invest for a long time. There are many more points to be learned, but in any case, the OP is right in expressing his opinion. Let it not be $200, but there will be an amount less or more, but anyone who invests money in long-term storage always wins.
A good rule of thumb is to buy Bitcoin regularly, regardless of its price.

I think it's not about bringing money, investing at the right time is the key because there are many of those who invest in high price and expect profit in a real quick time which is extremely dangerous I certainly understand risk is reward but if you are investing in BTC for higher price then you are going against the market, think and plan before investing sometimes you can make profit in luck but it won't favor you Everytime.

I think it's not about bringing money, investing at the right time is the key because there are many of those who invest in high price and expect profit in a real quick time which is extremely dangerous I certainly understand risk is reward but if you are investing in BTC for higher price then you are going against the market, think and plan before investing sometimes you can make profit in luck but it won't favor you Everytime.

Yes, that is what I have in mind as well. Regardless of the amount of the capital for making the investment, if done in the right time, profit can be generated even without waiting for number of years. That is why it is indeed crucial for an enthusiast to seek knowledge and observe how the market works first, just like what many have mentioned here already. And the saying that goes do not put all of your eggs in one basket should also be applied since there is no certainty in all of these things. Nonetheless, it securing our future we must plan ahead and decide wisely.

This is a very good one and instead of keeping money idle in your bank account and yielding 5-10% percent interest you can invest in Bitcoin now and forget about it for a period of years and when you remember you doing this kind of investment you will be grateful you did. Those that did this 2017 will be more than happy now

Do you really think the market value of Bitcoin will be very expensive ? Personally, the potential market value I see Bitcoin attaining within the next 5 years will be between $45k and $50K. And I strongly doubt that in 10 years time to come, there will be a possible of 1 satoshi will be worth a dollar. People just need to understand why they should invest in Bitcoin rather than speculating to them on the possibility that Bitcoin might be worth a million dollar in some years to come. Such speculations will not make people understand the true purpose of the existence of Bitcoin.

Bitcoin is a proven digital currency whose value increases over time, most of the cases due to the halving, scarcity and high demand drive the price to climb up, after the last halving in May 2020, bitcoin has reached $40k in 6 months, doubled the last ath at $20k in less than a month from mid-December to early January.
People who invested in bitcoin a year ago at $8k already have a 500% profit, let alone in 5 years or 10 years, who knows how much bitcoin could increase at that time but it always worth to wait or accumulate bitcoin as much as we can.

Say this line way back 2010 and the current situation will answer your question.  We all know often times history repeats itself so there is no denying that $200 spent to save a cryptocurrency today may probably worth a hundred thousand or more in the next decade.  Of course, I am not ruling out the possibility of failure.



I think there is nothing to worry about Quantum computing since I believe developers will develop a QC-resistant Bitcoin before  Quantum computing becomes a threat.  Besides this is not solely a problem of the BTC network but all of the security network of the world.

i very much regret that i did not but bitcoin when it was not expensive, i very much regret it

This a good advice to be taken, for those that will listing if you look at how BTC price performed just in the last few months of 2020 to date just image how one satoshi will worth in tens years. For I will keep buying and holding.

200 usd is a good sum. People usually can afford it to loose and at the same time it may create incredible profit

Absoluty true. I am trying to make some investments in Bitcoin and altcoins. Mostly people still are unaware of Bitcoin and its future. People need to get educated first to understand that the small investment like $200 can benefit them in coming future.

fir me btc it`s more like gambling nothing more, for holding its gold or silver physically and it will always be worth something .

We only live once, everyone who understands how Bitcoin works should give a shot and allocates some of their savings in Bitcoin. I think this is era that Bitcoin is widely accepted even the institutional investors consider it to include in their portfolios the negative thoughts about it before are now part of the history, now they are shilling it.

First you need to educate yourself about bitcoin; by taking up courses such as introduction to crypto currency; introduction to bitcoin etc. Then you unlearn to learn so that you are able to change your mindset towards bitcoin. Bitcoin is the future currency; adopted around the world and a good capital tool that you can trade daily and earn. When investing in bitcoin; you can do it short term or long term; accumulating more satoshis to secure the future.

Good advice but why buy it just once? I would suggest buy small amount every month or whenever possible for you to buy.
I don't suggest to put all your savings into Bitcoin or take loan to buy it. That would be foolish but just a small portion of your income. Keep buying btc and you will not know when it will make you rich ;)

Why just only $200 (must) if you can afford to buy worth $1000 of bitcoin if you have the money? I don't think it was exemptional or a must for everyone who wanted to have Bitcoin in their wallet. And even I hold a lot of BItcoin today but this not means that we gonna hold this for a lifetime. We're not doing this, we would like to have Bitcoin for investment, as a currency in the today and future, and we have to spend it for sure.

$200 would not go far at today's price, don't think that bitcoin will continue is uptrend and will reach an unbelievable price.
We are in a bull market now, it's okay to think positive but we have to be so realistic, and I understand that our hearts and emotions were bullish as well. What I can advise is always consider the risk as well and buy at a cheap price if possible, also, if we can buy consistently, why not do it instead of buying one time.

Worth doing it's better to be in with a small amount than to miss an opportunity that could pay a lot more out.
2013 Btc was 1000 with 200 that's 0.2 today in 2021 that's over 9000

You have given a good piece of advice to all of us because we never know what will be the price of bitcoin after 10 years. If we analyze the last 10 years performance it is unbelievable so we can expect the next 10 years can also be outstanding but expecting 1 satoshi to 1$ is seems to be quite impossible.

It's great to bring in cash and secure your future with bitcoin, however, you ought not relies upon bitcoins. Bitcoin can be considered as your side pay and you can make brilliant benefit with it, I won't advise anybody to put his cash in bitcoin until he masters everything about bitcoins. I assume a large amount of the majority put all the resources in bitcoins and when they fall they lose all the money. Likewise, there's no possibility for bitcoin to become 1 dollar for each satoshi it might require 50+ years since bitcoin isn't much involved with us.

You have written well and i really like your advice and I will like everyone to follow what he just said. Lots of people have been scared to invest in bitcoin lot's of people always say they don't know the future of cryptocurrency and they don't want to invest there so that they won't lose there money but seriously I believe in the next few years bitcoin will be very massive and you will definitely regret why you did not invest in it now. There are lot's of people that have been regretting why they did not buy bitcoin when the price was still low. Some people sold there bitcoin because they believe the price is to high and probably bitcoin is going to dump, but from my research I don't think Bitcoin is going to dump the only thing I believe will happen now is just correction which is normal. I will definitely advice everyone to buy bitcoin currently because the price is still very low I believe everyone should have bitcoin in there wallet no matter the amount you are holding just make sure you are having bitcoin in your wallet. And for those who sold there bitcoin already I will advice you to buy back and hold because bitcoin price is still very low.

yes, I suggest that the asker learn more about bitcoin and I won't accept his conscientious appeal. but I really suggest that the asker sell his own bitcoin if he really has. ;D

one day they will regret that they did not follow our advise like we now currently regret we didn't follow Satishi's advice ;D I have a friend, her father was told that bitcoin was very profitable by a friend majored in finance.  every time we talk about bitcoin, her dad will be awfully remoreful!

if you believe in bitcoin, but it and HODL. if not, don't buy it or buy it and sell it to make a little money.

In the long run, bitcoin attacks are very profitable. If we know that in 2018 we will definitely occupy at least one bitcoin, but that is only a matter of regret. This kind of experience will not be repeated in the future.

If we buy 200$ bitcoin at 50000$ price and after 5, 10 years if it goes to 2,00,000$. It means we earn 3x profits and our assets are 200$ to 800$. It not a very big profit i think.  I think buying Bitcoin in every dip is a best strategy. Now just buy a small quantity of bitcoin and then buy in every price dips. Your quantity increases and it averages your buying price.

That is exactly what I am thinking at the moment. As Bitcoin has limited supply and with the involvement of institutions and companies the price will be unimaginable after few years. So it wise option to buy some bitcoins and hold them for the next five year and I am sure you will not regret this.

The idea is good, but let's break down the numbers.

If Bitcoin goes to $2M, the person will get a nice return, $20k, but it won't be life changing.

As for a satoshi being worth $1 in the future, it's not going to happen. And if it happens it will mean that the $ will be extremely devalued.

1 satoshi= $1

means that

1 BTC = $100M.

Forget about it.

Anyway, I think the advice is good but I would also advise to add a little BTC every month, even $10 or $50.