Bitcoin Forum

Hello everyone. Recently I saw many people in forums saying that the bitcoin price is sooo high and it is impossible for us to invest in bitcoin. We are from the middle class, lower middle class, or working class. We don't have a lot of money, so we can't buy a whole bitcoin. Or we can't invest in bitcoin. Now bitcoin is only for rich people. They can invest in bitcoin and we can't. That is why I took a challenge from September 24th, 2021, to see if I could be profitable after investing a small amount in bitcoin. Though I am also not rich, I already earn a good amount of money from crypto. Now I don't want to think about that.

Now I will invest as a job boy or a middle class or lower middle class person. I fixed a budget of $200 per month, but here I will do one thing: I will invest $50 per week. And I won't increase it by a single cent. Let's see if I may be profitable from this investment.

MY INVESTMENT


WEEK-1 (24/09/2021) (BTC/USDT) (0.00121356BTC) $40937

WEEK-2 (30/09/2021) (BTC/USDT) (0.001153BTC) $43014

WEEK-3 (05/10/2021) (BTC/USDT) 0.00101122 49445 I bought 5th oct all because of i saw its pumping hard. Thats why i took an entry Before $50k. What becomes a smart decision today ;)

WEEK-4 (13/10/2021) (BTC/USDT) 0.00087189 $56905

WEEK-5 (24/10/2021) (BTC/USDT) 0.00081111BTC $61111 btc price was little high thats why i wait for a littlr dip to enter.

Note: I don't want to disrespect anyone who says that things that they are from middle class or lower class and they can't afford it. I respect all of your sentiment because i am also face that time. That is why i know how painful to live a money less life.  I work hard on crypto marketing community and i earn money by investing those money what i earn from there.


This post might be inspire you. So that you can understand if you started with little money today after a certain time you this little invest can be huge. Just look at mine invest only $50 per week but after a year how much it will be if i calculate $200 per month then $2400 per year. But if i want to invest $2400 at a time then i feel little scared. So i hope that you guys will understand todays little investment can give us big amount in future.

Every week after investment i will update on this thread.

And i expected experts opinion on this thread i hope i will get positive response from you. And one more thing remember if you can't take a step today you might reach reach that destination after a day.

I am doing the same experiment with altcoin too. Here's my altcoin journey you can check https://bitcointalk.org/index.php?topic=5364404.msg58120293#msg58120293


Currently I am dropping this plan  for some of my others plan. But honesty speaking I am in a little good profit but I am not gonna sell my any holding what I bought in this plan. I am holding this money until 2025. If I can it maybe more longer. :'( :'(

The steps you have taken are very good, considering that bitcoin is currently being corrected and that is a sign that you bought it at the right time. Nowadays everyone can afford to invest in bitcoin and that is not a delay. Because we believe bitcoin still has the potential for better value in the future. You don't have to be rich to invest in my opinion. But if you are a person who is good at managing finances I am sure you will be successful and make a profit.

Best of luck. The "can't buy a whole coin" excuse is nonsense in the first place.

1. You don't need one full bitcoin, like you don't need one full gold bar.
2. You don't need to buy one full bitcoin in one go, you can get there slowly by dollar-cost averaging (like what you're doing right now)

Good luck, you just did the right thing of starting it out. I've seen people that have shared the same experience that they've been doing DCA and they're in profit with the sudden surge that we have had since the end of the last year up to the present. Those who are still giving a thought to how expensive Bitcoin is don't have an initiative unlike you, you had made yourself comfortable by deciding to invest with that amount that you've got. But is there any chance that you'll increase that per week/month in the future?

Back when I was still a guy working his 9-5 I used to do a financing technique I saw on the internet called 50-40-10. Every salary, I would save 50% of it no matter how big or small and then invest 10% of it through my assets. The 40% I use for my daily finances and that usually got me through the month without issues. I understand that some people may not be able to do the same technique I did so I would suggest you do your own budgeting and if you really want to invest, setup a plan that would allow you to do so, because there's no way investing will adjust for you. Not gonna lie this was my excuse before I made my mind up and adjusted to whatever led me to this point. I wouldn't downplay the effects and burdens that poverty will incur you, but it really helps to adjust and not let your circumstances take control of your life because if you allow it to happen, it would happen. The choice is always up to you. These mindsets had allowed me to at least live alright for myself, and if you find a way for you to be able to invest or save money as well, I would guarantee you that it is worth all the trouble.

It is a good way of making a start for any kind of cryptocurrency investment. People shouldn't invest very high amounts when it is their first time or they don't have much knowledge about the market. Because it may not end very good for the investor. It is the best to make small amount of investment first and increase it little by little in time. This will help the investor keep the control of themselves also.

Really cant blame anyone to initially have this way of thinking because almost every beginner will probably go through the same thoughts. The real problem arises when the person totally ignores the asset completely just because of it, while refusing to educate him/herself further and immediately realize this really flawed way of thinking.

Even I do the 50-40-10 strategy but in another way. I use 50% to invest in cryptocurrencies, 40% in expenses and the rest 10% in other investments like stocks.  ;D
It's been going really great and I feel so poor holding no fiat in my bank but that feeling thrills me more.

Also, the beauty of investing in cryptocurrencies is there is no need to buy a whole coin and we can invest in fractions of a coin.
So this enables us to start with whatever we have. We can invest as low as $10 and get started.
In the long term the right approach is to dollar cost average and accumulate as much as we can for a decent average price.

Good luck on your journey! You can definitely make a difference by "only" investing 200$ a month. There are a lot of people out there, especially in poor countries that barely make 200$ a month so for you to be able to invest that much into bitcoin means that you are already amongst the wealthier people on this planet.

Essentially you are just documenting the price of bitcoin right ? I do think that there are a lot of "investment calculators" out there already though :)

your 200$ per month for me is considering high in my country especially in my city average worker is pay 200$ a month so if you have 200$ for invest only i think is great

but only invest what you can afford to lose bitcoin is volatile maybe you see up and down in your graph make that as motivation  ;D cheers

Making a small investment in crypto is absolutely a good step for you and other people and you are doing a good thing right now. Yes, we can adjust our investment and not follow what you did if the money is too big. The important thing here is as long as you can constantly invest in bitcoin, no matter how much the price, you will see your investment value grow in the future.

By the way, you need to set a target when you can sell your bitcoin so you can take your money back with your profit. Maybe a year from now will be better or less than a year such as 6 months later.

It's a good strategy for someone who has a fixed amount of money per month and doesn't want to think too much - whether it's investing on a weekly or monthly basis. I might still consider another strategy, so if I already have $200 to spend each month - why not try the "buy every dip" strategy?

The OP has invested the first $50 at a price of $40 937, it is possible that in 4 days the price will be similar - but it may be $45 000. I would personally place a buy order somewhere between $40k and $41k and wait - and if that order is not fulfilled, then I would buy at the current price. In this way, the original strategy is maintained - while giving ourselves a second chance to still get more BTC for the same money during the week.

I agree that the so-called "buying the dip" strategy is effective in the long run; however, what I find difficult about that strategy is market timing and determining when the dip has completed its full course.

You see, it's a little frustrating to buy what you think is a "dip" only to discover that the dip you bought is only the first 10% of a 40% drop.

OP can you provide your address and sign message to make sure you're genuine? Otherwise you're liar and merit hunter.

I hope I'm wrong here.

Bitcoin unit (satoshi) makes it easier to invest in Bitcoin for us. So the excuse of I am poor isn't applicable here. We just need a mentality like OP to invest in Bitcoin. Of course, before that, we should have proper knowledge about Bitcoin and how it works. More important is to know about investment risk. We can't ignore the risk anyway. But a strategy like OP won't hurt even Bitcoin dump hard. Because investing from saving will not force to sell Bitcoin during dump and will not panic as well. But again I want to repeat, don't invest that you can't afford. You have to hold it for a longer, shouldn't sell it for needs unless in an emergency.

if you invest 200$ in one month and invest 50$/week , i think its hard to get the same price next time
if you are lucky you get a lower price than the first week you get more bitcoins in your wallet
well if in the third week bitcoin has increased at 45k $ I think you know the answer
Now your task is how do you respond in the 3rd and 4th week if bitcoin continues to rise, will you sell your bitcoins to cover losses in the second week?????

You should update the average price of Bitcoin you will have bought each week. This way, you can understand if this challenge will be more profitable than investing all of those $50-s in a future price.

You also don't need to own a whole bitcoin, just like you don't need to own one hundred million cents. Just stack sats; that's your currency.

Good luck on your journey! I hope you don't give up a month later.

I think $200 per month of Bitcoin investment is a good start, and if the market condition will good, Im sure that investment will gain profit, but let us also consider the risk because there's are two scenarios that might happen here, and all the results were tied up with the Bitcoin price stability in the future. I believe that was a good experiment and useful to those who are still hesitant to invest even in a small amount.  

We believe in BTC so it's sure that you can profit whenever the bull market returns. If it's me, I would only buy whenever there is a dip, not every week.

It's the people who are having doubts are usually the middle or working class that will find it hard to trust BTC as investment actaully. It would take a lot of encouragement and swaying to be able to make them invest. The probability of success is that they believe more in dropping coins in their piggy bank than buying BTC.
You are favoured by gods that you could set aside an amount of $50 a week because some of them hardly even earn $50K a year.

what has not been determined from the OP is the investment planning he is making in bitcoin assets.
the OP may intend to make a long-term plan by buying BTC in stages as he intends to buy weekly.
so when BTC is on the rise maybe it won't interfere with the investment he is making.
or the OP has other plans regarding the BTC target he will have. like he will keep investing in BTC to reach 1 BTC in his wallet. I guess that's what the OP hasn't said yet.

This thread will spark motivation to those who are planning to invest but has little budget to do soo, I do hope OP gets a successful profit after this long-term investment, start small, and then get big by the time Bitcoin's value goes high, 50$ a week is not that much considering you'll invest it every week and get 200$ by the month passes by, best of luck to your investment, I'll keep an eye out on your progress by visiting this thread every month.  ;D

Use according to our version of investing in Bitcoin. It doesn't have to be big and it could even be less than $200 per month like you do. Everyone can start at any price if they really want to. Even so, we can actually have a number of sat which later becomes an asset that will bear fruit in the future. The principles of investing are indeed diverse, so everyone should not instill a stigma just because the price is expensive. Everyone is entitled to have Bitcoin in any amount even just $100.

You know, the problem with btc investments for most persons is that, they've go this pseudo idea about btc to have gone too high and are always centered on the notion that, 1btc is about the least possible investment and the price attached at the moment isn't anything for the medium and lower class. They tend to forget that bitcoin comes in other smaller denominations and as such, they just fail to make any bold move towards picking an investment package.

One thing I don't understand is this.
The $40937 (forty thousand, nine hundred and thirty seven dollar). Is that what you really intended to write and what you arrived at in the first week or something different?

It's a fine plan you've drafted for yourself and I just hope you get to follow it judiciously.

People who know nothing about Bitcoin think that you can only buy whole coin increments.

However, poor people really can't invest in Bitcoin, because they can't invest in anything - all the money that they get are instantly spent on their basic needs, and if they manage to save some tiny amount, it will have to be spent too when there's some emergency. This is why Bitcoin can't solve povery, only middle class and above can afford to HODL for years regardless of the market.

I would wish luck but there is a problem, you are not going to need it, there have been many theoretical experiments of this kind and the longer this can be maintained and the more consistent you can be then obtaining good results is inevitable, and I have no doubt that you are going to have a lot of success as well, which is why I do no believe those that say that you cannot get good profits with bitcoin anymore, they are just making up excuses in order to not do something like this as they do not want to have to do it for months or years before they become successful.

Yes, Bitcoin is for everyone, not only for the rich men but it is for everyone who is interested in crypto, especially Bitcoin. There are much easiness that we can get Bitcoin both in exchanges or even trusted P2P and we don't need to buy the whole 1 Bitcoin.
We can buy as we have the money to buy or we can also get that BTC from certain programs.

Actually, this is enough for weekly investment. I started investing in Bitcoin by only around 70$ in a month, not a week.
but no problem, this is our won journey and we can start by however we have, not we loan.

I wish you good luck OP, I know you can reach your goal.
I know some people are doing that but as the problems and market arrive, they are in troubled and become emotional thinking negatively which I think you should have to be strong otherwise, you could be like them.
Only the thing I could say is that you don't need to rush, one step at a time. Just enjoy the market while investing, 10 years from now might you get 1 full Bitcoin, not impossible if you continue doing that.

This is the usual dilemma of some holders, when they see the market is crashing, they panic and sometimes such emotion will give them decisions that are not according to your initial plans. So when you start seeing the price is declining, but you believe the market will still recover, then don't sell your stash owed to your confusion of what to do. Just let it sit or maybe take this opportunity to buy more.

Buy only what you can afford to lose, don't risk everything for your money if you aren't sure what would the future brings for you.
As you started your investment you must purchase small percentage from your capital while price hasn't stabilized yet. Once price goes higher sell them and take your gains.
You could earn good profit using this method, selling your asset with small quantity but avoid dumping all coins you had because there's a big change it bounces so high.

Nice thread bro. I'm also in a lower class who can't buy a certain amount of bitcoin or any other altcoins to invest. You encourage me not to discourage for a small amount of our salary not to invest but to put even a little amount of money to invest and to make money from crypto currency just like saving money.

They could even save $20 for a month but they could actually if they just remove the budget for cigarettes and bottles of beer. They are used to it their whole lives they that they'd rather not eat just to have beers. 

And then when BTC is introduced to them, what they want is a whole 1BTC. It's really not satisfying to just hold 0.03 BTC but it's just what their money can afford. 

I think this should be a go to advice for many people, not many people know this or understand this one bit, they all just jump right in because they believe that crypto is easy money and that they will be able to curtail losses until it finally happens.

What you did OP is very inspiring and its even a great move if newbies will start buying bitcoin today before it goes skyrocket. The thought that bitcoin is only for rich people will always create a negative motivation. If you will live with it, then you will never grow as an investor. The middle class or even the poor class will always have the right to invest in bitcoin because its for everyone i think. The price won't really matter. What matters most is how you will manage your investment even if you start it with just a small capital. Take a step one at a time and definitely you'll start seeing your profits continue to grow along with time.

This method is very good. Although Bitcoin is currently falling, the market value is still the first among virtual currencies. We can buy Bitcoin according to our economic ability. You can choose not to choose a complete Bitcoin and choose the investment method that suits you. This method is suitable when we have just entered the market and have insufficient experience.

Yes i agreed with you because but buying of cryptocurrency especially bitcoin come's with a target and that target is the movement of the market, in a normal circumstances bitcoin is been of benefit when it have market falling occurrence, what you actually emphasising on, it always been like that, people do purchase bitcoin when bitcoin decreases but from my perspective i will advice people to wait until the price go down a little.

I believe you will succeed! When most people are unwilling to invest in Bitcoin, it is when the price of Bitcoin is rising. When people are anxious to see that Bitcoin is still rising, they will lose the ability to think and buy Bitcoin! This is the thinking of the giant whale!

I like your investment plan very much because it is similar to what my friend told me. I learned about Bitcoin through my friend, and he recommended that in the early days of my exposure to Bitcoin, it is best to use a certain amount of salary to buy Bitcoin on time. And he often warns me not to try to buy some altcoins that you don't know, even if they are very famous. This is exactly what I do now, every month I spend 1/10 of my salary to buy Bitcoin and study it hard.

you need no expert opinion here mate , instead all you need is guts and dedication and also trust in Bitcoin that in time you will gain at least multiple amount from your capital.

200$ a month is decent if you are only dedicated in continues investing .

but i will also give you advice to try buying and selling instead,
each month analyze the market if it will dump then sell the coins and re buy when the price starts to increase.

I hope you can invest in a way that suits you and get rich harvests, and $200 a month is actually not a lot. As long as you can take the risks and are not easily manipulated, I think you can stick to it.

The timing of his investment is awesome! since the price would likely pump after a few days from now. It's better to follow what this man has done for the new investors to have some idea about how they will manage to know their profit when doing what the OP did.

I see someone who managed to get a high amount of profit by giving up smoking and using that money to buy bitcoins. he bought bitcoins before the big bull run and luckily get the best amount of money when the bitcoins have to pump up. Just like what this OP is doing, it started from small and got big after it became his new habit to buy bitcoins instead of cigarettes.

Of course, that's why I wrote that it's much easier to invest $50 every week, regardless of the price, but in that way, we don't use all the opportunities that the market offers us. No one can say for sure when a dip will happen, but the fact is that we have them from time to time, and that if you have cash on hand, you can use it very easily.

The point of this whole story is that the OP has $200 and can spend it all at once each month or stick to its strategy - and after a few months he can calculate which strategy would allow him to buy more BTC for the same amount of money.

The whole point of splitting up your investement is not to get the maximum amount of bitcoin but rather not end up buying at the peak price every time. Theoretically he could also buy some bitcoin every day for ~6.50$ but at some point it would just get ridiculous.

While this is a great way to Invest in Bitcoin as I believe I have also mentioned in some other similar post, we would, however, realize that for some, the $50 per week investment is some people's take home for the month and I know this for sure. Most of us that have been into cryptocurrency for a while have come to understand that DCA is the best way to invest especially if you are within the class range you mentioned earlier and if we are able to keep that up for a number of years, we surely will see the profits of DCA.

If we go by historical data and charts, OP won't be wrong to go on this path at this time. September has been a slow month for Bitcoin, painting it in red whenever it tries to go up. Hopefully, history repeats itself in October as we expect price to look north and record some fresh momentum. If it goes that way, every weekly investment of OP will make them smile. Now isn't a bad time to put cash into Bitcoin. Another thing that I have come to notice with investment is that it isn't that most people don't really want to invest but it's getting that capital for it that becomes the problem. It would be that "A man who doesn't have can't invest" so to speak. Nobody will reject Bitcoin or any crypto airdropped on them and then asked to allow it appreciate over time. That shows how people want to invest but may not have the capital to do that. We're truly in an austerity situation and paucity of funds occasioned by the challenges of COVID19. I give kudos to OP and wish them well in this.

Of course, it was a groundbreaking initiative, your work will encourage more people and save them from getting frustrated. There is a saying, tiny little sand, drop by drop water makes the continental sea abyss. Just like no one can achieve success in one day. Everyone has to build something big with such a small effort.

Investment with bitcoin is not just an easy thing because this requires a lot of knowledge, understanding, skills and analysis this kind of investment is quite risky not good for beginners as the OP stated he takes a journey but still it's all their path. Good luck with your investment of course always open to your question and tons of us is willing to help. Good to know if there's any update to the progress so some of us know if this kind of strategy is good effective for them too.

I agree with you success cannot be achieved instantly, we have to go through a long process and be patient with all the obstacles that
get in the way. So start investing with small capital, but if done consistently in the long term, of course it can generate large profits.
Most importantly we already understand how the crypto world works, so we don't panic when the Bitcoin price suddenly drops.
That's why I always recommend investing in Bitcoin, but we have to learn about Bitcoin first. We should not invest in something
we do not understand, it will only lead us to losses.

It's a nice move you started investing in bitcoin.

There are really some hindrances and challenges to some of us that's why some people don't have any savings or investments to begin with. It's totally not your fault if you are one of those people. As long as you are trying to survive and thrive, that's an achievement already. You don't have to be pressured by the things that society expects and dictates you to become or to have. However, it's still nice to have things to call your own and to have something to hold onto for the future. So if you have the means to do it, then do it now. After all, bitcoin does not discriminate. We can invest any amount we want. It isn't necessary to buy the whole bitcoin just for you to have an investment. Rather, we can buy in small amount anytime we want, whenever we have the money to do so, and when we feel like buying it because of the market trend.

I hope you'll be able to continue what you are doing. Bitcoin is worth the risk, but make sure to only invest what you can afford to lose. Learn risk management and assessment. You'll go places with having the right perspective and mindset. Keep it up, mate!

What you are about to do is what is called dollar cost averaging. It is a good method that is being used by a lot of people these days to be timing their investment. You see, I do see people who complain that the price of bitcoin is high and because of that they can’t be investing in it because they can’t afford to invest that much, and whenever I see I just laugh it off. Why? Because, I am also the same level with them and I still invested my money despite the price of bitcoin and I made profit.

Most of these people are waiting for when they will have money to buy one full bitcoin, which is not going to work, because before you know it, by next four or five years the price of one Bitcoin might be worth up to a hundred thousand dollars and they still wouldn’t b able to afford it by then. But if they invest now, the little investment they have made will still fetch them some profit by then. That’s why my investments in bitcoin are mostly long term and I use dollar cost averaging. Apart from that I also invest in cheap altcoins that will bring me good profit.

basically investing in bitcoin with small or big capital remains a challenge for someone to make a profit. it's true that you don't have to invest into 1 btc if you really have a little capital, we can start with a small capital too. if you have invested then we are required to be able to manage it well and make a profit. therefore we need patience and caution in investing bitcoin so that we can handle our crypto assets well and make a profit.

this is a good strategy, but you can make the most of it if you know technical analysis and use the 4h chart, you may be able to buy lower and you can do technical analysis to find another lower point to buy and you will just have to repeat this cycle. at that moment the price is oscillating in a very dangerous zone, be careful because if the support that is at $40,000 gives way it will start to fall a lot again

Whenever the market is bull and we have bitcoin reserves that are bought at low prices it will certainly be profitable. But when we buy at high prices and the market crashes then there will be losses if we sell them. however for a long term investment, buying in stages like the OP did would be very good. The target price is set and buying when the market is crashing is highly recommended. Don't just buy, let alone buy when the price is at a level of resistance.
Buying and selling also has a strategy.

Bitcoin is not only for the Rich. Anyone can invest in Bitcoin. Whether Rich, Middle- class, Working class or what so ever. Is not necessary to buy a whole Bitcoin. One can basically start with the amount he/her have, and have a strategy. The OP took a bold step, and will surely benefit from Investing in Bitcoin, $200 is a good amount. The most important thing is determination, and also be courageous. Bitcoin Investment is profitable.

You have a good mindset by the way, so congrats to you mate and keep it up, that's a good example of how investment in cryptocurrency can really change other people life wherien no matter what the status you have as long as you're believing how it really works you will become successful in just a simple way.

challenging ourselves is great to see how consistent we are and also increases the level of discipline.  i have a small business and the income is uncertain, every month i also set aside a little money to invest in bitcoin too.  good luck with your challenges ^{(buy bitcoins every month)}

I hope your experience can be useful for another people start investing in bitcoin as well with low amounts of money. As you update this thread and results start appearing, I'm going to show it to some people I would like to introduce in crypto universe. It might be possible to convince them to finally start investing if they see stories of success of another people in crypto currency with real statistics.

Great! I don't know why, but I really like reading stories about how someone started working in this industry, reading about their achievements. As for me, this is also a very rewarding experience for beginners.

When i first came to the cryptocurrency market i had no knowledge about the market and so does majority who reaches the market as it was literally new at that stage. Right now there is a ton of data that is available and all you need to do is to study them so that you will have an idea about the market, just follow them and just trade with basic strategy and you do not need any other analysis to be successful in this market, buy when the market is going for a correction and wait for the long hold you will make money :P.

Based on a strong commitment and a high sense of optimism.. is one of the keys to success in investing. Here it would be nice not to force yourself to put in a lot of capital, because even from a small amount we can still invest for the long term. And as time goes on while we get other income, we can put it back in the investment, little by little it will be big when hitting great prices.

A very nice move that could prove other people that small amount of investment is also worth to invest in bitcoin.
But my suggestion for the upcoming weeks, you should also looking for an alts too because the famous principle of investment is "Never put all of your eggs into one basket" means you have to split your investment to few kind of altcoins just to make sure you won't lose so much if a coin drop.
But it's still a good move, hope you have persistence to have at leat this program running for a year and people could see the growth of your investment

You are right, it is not possible for those of us who are lower or middle class to invest in whole bitcoin at once. We should invest in this way on a weekly basis. I believe even a small investment in Bitcoin can bring big profits at one time.

Some people have money but they do not know where it is good for invest . Some people are always hesitate investing money though they know where they invest because they think if loose money never invest further time they are called middle class . You are lucky man to invest in Bitcoin in right time . The painful truth is small investors are not invest in whole BTC because of very high price but if anyone bravely invest in Bitcoin as they can it's really wise decision and very good thought for themselves

I have to chime in and agree every time someone brings up DCA because this is the only way to ensure you buy at all the dips. Remember,,, Bitcoin spends 10% of its time in the highest price and 90% of its time in the lowest price range. Well ok I know the stats are not really like this but the majority of time it is low and minority of time only in a rally. So DCA is majority good buys will always more than even out the not so good buys.

It is only frustrating to buy the "not real" dip if you are a trader :)

That is why you need to calculate the money you will use to invest in bitcoin and not buy bitcoin at once. If you think that you are okay to buy bitcoin separately weekly, you should do that while you still have time. Otherwise, you will be late to do that because the bitcoin price will increase in the future.

A small investment will be better for every people than to buy in a rush. Besides that, the bitcoin price will always fluctuate so you will have a chance to buy at a low price.

Nice! Little drops of water as they say; makes a mighty ocean. $2,400 is quite a big money(depending on your pocket) to throw in at a time but obviously, with your saving plan, you can achieve that. Investing in Bitcoin never requested anyone to buy/own 1 bitcoin. Buy as much as you can. Imagine buying $1,000 BTC; what you receive looks small but it has a high value already. Don't sit and wait till you have millions to buy hundreds of BTC, buy it with what you have.

maybe you are earning a certain amount of money every week so it's very easy to afford 50$ you invest in every week but i think it's good start to you. but i can not invest even 50$ in a month because i have no earning in monthly.
i am very appreciated an invest bitcoin, it will big in the long term.
 

You can buy bitcoin with any amount you have and infact trading crypto seems the best part time jobs for third world country people since they lost job or not making enough. Ofcourse you can't become rich in a year but eventually you can if you have enough patience to keep holding the funds you invested but beware of the scammers and hackers better invest a hundred dollar on hardware wallet which saves you from most of the hack attempts.

Same with me too. OP just got me more thrilled and excited about it. This will definitely clear the minds of newbies and to everyone who believes that bitcoin is more on for rich people, and no place for the poor. I know this is a total misinterpretation that should be corrected as early as now because if not, the rich people will become richer, while the poor become poorer. Bitcoin is for everyone. Its not necessary that you take the whole bitcoin on your first buy. Take a step by step process and start investing in a little amount and it will definitely grow if you always do the right thing.

Seriously? You want people who lost their jobs to trade in cryptocurrency? Best part time job? Man, seriously do you know how much risk does trading crypto bears compared to stocks and other assets, especially for the beginners?

I think you should encourage others to follow what the OP has been doing, because that's the safest way to handle your investment than trading.

We await good news from you next . Good luck because what you are doing is right, when else if you don't start now to invest. What is certain is that you are left with cold money. Sufficient all your needs after that you set aside to invest. If everyone can think so, leave to invest. I think poverty will decrease.

Invest and forget for a long time. Don't be in a hurry to cash out. Don't invest money that you cannot afford to lose. By Sept 2022 you'll have put in $2400 if you successfully continue buying $200 worth of btc per week. By Sept 2023 your worth should be more because btc has been in an uptrend over the years. Good luck!

I am talking about the reality and of course nothing comes risk free in this world! :D

Trading cryptos is not a rocket science and from my experience most people can get the knowledge of crypto trading in very few days and start making money on their own with very less capital and there are many people started trading with $100 and multiplied them into very big capital with compounding strategy.

How have you linked cryptocurrency trading and compound interest? Trading is a very difficult profession and according to statistics, 9 out of 10 people lose money in trading. That is, you understand, only a few and real professionals in their field earn real money in this area. Therefore, advice to beginners, to start trading with the last money, most likely this will lead to the loss of all their funds...

Coming from that statistic. It's difficult to trade because if it does just easy then there are more successful traders than those who losses their money right?

I don't know if how good the post above you really does and how he manage to learn things in a short span of time,
while many other traders spend long time before fulfilling their success.

A case to case basis maybe, but still better not to proceed with trading if your knowledge ain't enough, keep
buying and holding is more better my personal thoughts.

This is good and anyone who strive hard to make life better through cryptocurrency can try this. Everyone won't be able to follow this long term, but he has begun it with full positivity. All the best for the effort and to turn successful through the outcome. He's hardworking and the same is the reason why he's so strong to go for this challenge limiting his daily life expenses.

Surely it's a very good challenge, and it's need some good intention from us for encouraging OP and many other newbies will also have good impact with this all few years back we already have few challenges like this but mostly disappear, and we were not able to have all updates about this time OP will not do anything like this, and surely we will have good and positive movements about this all.

With this now many will understand just having one bitcoin is always not good we can start from very small and can achieve some good with this all in future savings because saving never been going in waste just need some good and solid way to do this all my all best wishes for OP in this challenge.

Trading isnt really for everybody and you are right that this isnt something simple that you could just simply jump in and trade right away but somehow you could really make this as a side income if you are really eager
but if you dont like all the hassles then you could simply do on what OP's been doing on simply buying out gradually but of course you should know the risk behind and dont expect that much.
Spend or invest on the money that you could only afford to lose and dont go all in because you dont know on what comes next on this market.

Crypto trading is not for most beginners. Without sufficient knowledge how this market behaves, one can easily lose his funds. So yes, if you are a beginner in this market, better start with top coins like btc. You don't need huge amount of money to start with. Small amount would suffice to learn the basics. Also, before starting, much better if you can read about trading on crypto. This forum has the trading discussion board - https://bitcointalk.org/index.php?board=8.0, and for me, you will already learn a lot of insights that may assist you in your trading journey.

Honestly, this thought is still on some people's minds over there, thinking that Bitcoin is only for rich people who can buy most or whole 1BTC. And can only stare at them.
That is the thought of misunderstanding, and I appreciate that you broke that kind of thought.
We all know the basics of cryptocurrency that we can buy Bitcoin and also other cryptocurrencies in whatever the amount we have (at least it is suitable to buy the minimal in an exchange.)
So far, many people are trying their investment in Bitcoin by setting aside money or salary to buy Bitcoin every week or monthly.
The more steps like this certainly become increasingly interesting where many people open their eyes and hands to Bitcoin. Isn't this pretty good progress?
It's okay little by little, if you continue to run, gradually, and sustainably, the results will satisfy more and more.

However, the market today is indeed very risky, therefore every purchase must also consider various risks and possibilities.

I congratulate you on your challenge, but acquiring 1 BTC does not have to be a challenge, it is a reality that is feasible or not according to your possibilities.

Getting bitcoin is not rocket science, it is simply buying, and you plan as you maker it with any other good you want, that planning leads you to determine if you really can and in what time.

The challenge mode in its individuality as a result only serves to prove to yourself that you achieved your goals.

I think that You just have to motivate the use of bitcoin and teach that if you cannot buy 1 BTC you can acquire a part of the 100,000,000 million satoshi, there is no excuse, seriously the real challenge is to give an excuse not to have 1 satoshi.

It was such an inspiring story that proves bitcoin is not intended only for those who can afford easily but also for those who strives to afford it even in small steps at a time. Actually the current market price of bitcoin doesn't determine if its worth it to invest or not because investing in bitcoin will always a good decision. Today, owning a single bitcoin will probably cost a much but who says no one could have even a cents of bitcoin right, and as it is invested in a long run and continuously added a portion of bitcoin a 1btc is possible.

It is definitely a mathematical challenge for most of us here,,, assuming we are mostly in the Eastern Hemisphere where $40k is a lifetime of savings for majority of the population :)

Even with regular DCA if you started like me in 2017 it is still not yet achievable, the rate of "collecting" keeps going down every year. I hope to reach it early after the next halving if I calculate well, assuming Bitcoin never goes down below 20k and never goes up above 100k  8)

Honestly, the OP and your comment powered me up! Many of us (with small capital) think it's a must to invest in BTC with a large capital so that we can earn good profit and grow, but now I understand if we behave well we can start with a small amount and grow it slowly. I'm inspired because this is the second topic I'm reading here in BTT about small investments, the first topic the OP says he adds $10 every week to his investment, he started with $25 per week but today he has $600, and that happened not for years, but months!

I think it's my time now to do something, I saw two posts with almost the same strategies so I believe it's my time.

Compounding strategy is something that you keep adding your returns/profits to your capital back so that you can get better cushion while making your trading decisions. I don't know where you get the stats of 9/10 people are failing?

Trading isn't a rocket science so anyone can understand the basic things in very short time but with the experience they can master at it and I am not suggesting anyone to invest all their life savings into the crypto trading then you can become a millionaire in the next year, its just can be another source of income which is easier to do since we don't need lot of time to do it, we can trade from anywhere only need is the internet access.

Yeah, it's.
We must appreciate the people who open their eyes and mind to understand Bitcoin investment. Sometimes, they feel afraid to buy Bitcoin because of the high price, and they prefer to choose new shitcoins that have a very low price. That's ironic, but we cannot blame them 100% because maybe they really don't know about it or only focus on the hype that they got.
Yes, it is possible to buy or accumulate 1BTC for everybody, everyone has that chance, but the difference may be about the moment or the time when it will be.

I disagree, while it has been demonstrated many times that this kind of strategy will work in bitcoin, and I have no doubts it will keep working as the price of bitcoin will keep increasing, there is no guarantee this is going to work with altcoins, maybe if you are talking about ethereum then this could be worth considering, but when it comes to any other altcoin we do not know if they will hold their value for the long term, but the evidence points towards this not being the case and as such it will be a huge mistake when you can do the same with bitcoin at almost no risk for you.

It depends on the user himself, whether he wants to get a hold of other promising alts like ETH or BNB. But I do agree that most alts ended up bad. Only few of them are worthy to hold and sometimes it is hard to know which one is/are better to hold long term. So with the decision of the OP to hold bitcoin, I have no qualms about that. It is his money and it is his strategy. Each one of us here anyway has strategies to increase our portfolio.

I don't think that BNB is a good example here for holding for a long time, considering that it is a coin related to binacne which is an exchange, but never the less choosing the right coin to invest in is not a problem the problem is funding, and the op has said that he is investing 200$ each month which is a big amount for so many people, i really think that you can really make some profit just from investing with smaller amounts.

I am planning for a small investing let's pray it's gonna be successful. Also it's a challenge for me because I can not afford to loose and prove to people that it can be a good investment and successful investment.

but if you look at the current progress, I think even though binance is actually an exchange, BNB is good enough to be adopted.
apart from its much lower capitalization than Bitcoin, BNB if I'm not mistaken they implement a coin burning system every 3 months.
and this is very beneficial if we talk about the long term, because indeed every burning automatic supply from BNB will decrease and we all know when their coin supply decreases automatically the coins will become scarce and you know the result if the coins have become scarce what kind of movement price.

Thanks for this inspiring post. Because with your ideas you help others to think that anyone can invest in
bitcoin with a tiny investment.

Inflation and lack of employment is a difficult situation in society that bitcoin can fix is the solution that investors are taking. Society needs to educate itself today more than ever, it is easier to access information and knowledge thanks to the internet.

I think we are getting closer to people around the world making the best decision which is to invest in bitcoin and the crypto space.

We're still far from it, that was the truth.
We'd come to say that many had known about Bitcoin, about cryptocurrency but are they investing now? Not all of them, many we're still in doubt and we can't force them either.
Some people invest in Bitcoin even they just have a limited source of income because of the trust which is somewhat important in this. This is not a contest to who will get 1Bitcoin and OP is sharing his investment strategy as if he will able to continue this then surely has come possible.

That's a good thing. With a small capital that you have little by little you get profits and your money increases. It doesn't matter if you only have a small capital but continue to be occupied it will lead to good things. Your experience gives a lot of hope and opportunity for those who also only have small capital to continue to struggle in this cryptocurrency. Crypto can make people rich and at least can be an additional income to make ends meet.

Compunding method/strategy doesn't guarantee a return there is always risk, and you can't take away the fact that trading in cryptocurrency is very risky. I don't know where you get those "many" people have earned good profit even with just a "few" days of experience in trading. Few days doesn't give you the whole picture of what a crypto market is capable of.

Well, I don't know If you're really talking about reality or not.
I could be wrong here, by sure I'm not the only person who sees trading as a difficult profession (at least at the earliest stage of your trading career).

I think the misconception that you need to buy a whole Bitcoin to invest ..is driving people to buying cheaper Alt coins. That is one of the reasons why people were buying Bitcoin Cash... and one of the marketing strategies of the people behind those tokens.

The Crypto Exchanges are making a lot of profit.. so I cannot see why companies like Coinbase or even smaller local exchanges, cannot create marketing videos to explain to people that they can buy say $10 of Bitcoin.  ::)  (Put some ads on television to educate people)

In any way, I think OP's strategy are flawed, because a fixed monthly investment is the wrong way to invest. We have a saying... buy low and sell high. (You can still keep your fiat currency on your exchange and then wait for the price to go down.. before you buy some coins... this strategy force you to buy high.. because you have to buy every month.. not when the price is low.  ::)

It's true that there is no problem investing in Bitcoin with small capital, because we don't have to buy 1 BTC to be able to invest. We can buy
Bitcoin according to our financial capabilities, or if we have small capital we can buy Bitcoin gradually. Suppose we are only able to set aside $50
every month from the salary we get, it doesn't matter, we can buy Bitcoin every month with $50. If accumulated in a few years, the results will be
great too. Because the price of Bitcoin is expensive now, so it's best to invest long term if we want to get a big profit from Bitcoin.

Appearing more than 10 years ago, Bitcoin is considered the first cryptocurrency in the world, in fact has increased in value and is increasingly used. However, as it has become an investment, Bitcoin has potential for both profit opportunities and risks. These days, everyone can afford to invest in bitcoin and it's not a delay. Because we believe bitcoin still has the potential to have better value in the future. You don't have to be rich to invest in my opinion. But if you are a good financial manager I am sure you will be successful and make a profit. We believe in BTC so make sure you can make a profit whenever the bull market turns around. If it were me, I would only buy whenever there is a drop in price, not weekly. Those who are doubting are usually middle class or working class will find it difficult to trust BTC as an investment act. It will take a lot of encouragement and hard work to get them to invest. The probability of success is that they believe in dropping coins in their piggy bank rather than buying BTC.

We have a very similar situation as I am almost of the same age and have a small capital. Personally I do yield farming on Puncakeswap with APY about 50% in BNB-Cake and on quickswap with APY 70% (matic/usdc). It is said, that those, who don't have big money, should invest their time, so it is good that you learn how to investigate this market. I get experience by participating in Airdrops and ambassador programs.

You just set up a good future investment plan and strategy through Bitcoin which is a favourable idea that will end up paying bountifully. Very soon you will see a mega result.
Any small-dollar investment in Bitcoin today might turn out big tomorrow. So be calm and patient while you hodl

For me, that is not a small amount, but it is good enough, moreover if you can continue it or doing it a continuously every week.
Well, I am personally not the kind of person who can really spare my money to invest weekly continuously because still cannot afford it.
That is a very good inspiration for all.
Hopefully, you can really get it again and again by a commitment to continue.

Compare with the bitcoin price today to the price he bought his btc. He is already in positive profit here. And if in case, the price will still go up, the accumulation of small amount will be very rewarding in the future. He may not notice it, but in time, it will give him valuable amount. Who knows, with his continuous accumulation, it will come to a point that he can set-up a business because of this money and live from that point.

To set up an investment plan, you're going to probably need a lot of money to make sure that you're going to have a good investment plan, plus putting all your money in bitcoin isn't the optimal option to do since there's volatility in the market.

based on what it says, you start your investment since the bitcoin price is still at $40k. for now, you've got the advantage comrade. although the investment is not that big, but little by little, it will be very much in the future, especially if the price of bitcoin tends to rise to the price of $100k.
just curious, how long are you going to make this investment every week? Is there a timeframe that you prepare until you stop at one point? honestly, it's inspiring, because a lot of people say that bitcoin is only for the rich. Well, now we can see how to invest well by having minimal capital. we can do that little by little.

what the OP did was very good indeed. it shows that anyone from any background can invest in such expensive bitcoins.
I also do the same system for my Gold savings. every month I set aside money that I will buy gold. but I do not determine the nominal consistently. The OP did better planning with his bitcoins.
I think for the time frame, the OP should make a separate target for him to achieve. because to invest in bitcoin of course the most disturbing is the price that pumps. if the price goes down, I'm excited to get in. but when the price goes up, it will be a test for our psychology.

Wow that is great and inspiring. It is a really good decision that you've there. I also want to congratulate you for entering the market at the right timing. It is very important. I know it seems easy but we both know its not because market tend to go up down and this has to be also noted. But anyway did you ever hesitate buying bitcoin since it very expensive now ? Until when are you planning to buy bitcoin ? Yes it is worth investing but sometimes requires patience to wait for its huge pump.

Interesting observation and data, OP.

Like what I previously mentioned to threads when it comes to investing into BTC, the best time to invest will always be the time you come to know about its existence. If you are a seasoned investor, then the rule of "purchasing low, selling high" will always be applicable, though relatively difficult to anticipate.

I am also from the middle class OP but I also do not have the luxury of investing $50/week though I earn most of my funds through my signature campaign funds. Given that the price of bitcoin increased by at least 5-10% this week, it's better to purchase it for long-term investment.

I was not happy when I invested small amount in Bitcoin because I don't make huge profit from it. It was a great to me when I invested that small amount. All my friends that invest with big capital make a big profit from it. I invested small amounts because I don't want to carry big risk

what do you mean, you say you are not happy and happy to do it and I don't understand that.
regardless of any investment there is nothing wrong with either a little or a lot, regardless of the profit of course it is in accordance with what was invested.
I think it's better to invest a little than nothing because everything is a process.
you expect a big investment too if not the initial funds for what to force it.

As a newbie you need to start with small capital to invest on bitcoin to really experience profit and loss in the market. Starting with small capital in your investment, it will help you to know some areas you are lacking in profit making and how to improve in bitcoin investment by using a huge amount of money to earn a huge amount of profits from the investment.
When you use the small amount to invest wisely, it will improve you to another level where you will understand more strategies on short and long term cryptocurrency investment in the market.

Awesome, I've seen people with the same experience they've invested in and they've made a profit with the spike we've had since the end of last year. Those of you who are still pondering how expensive Bitcoin is, are not as innovative as you. They always think of going back in time, that is when investing in gold or real estate, they can make high profits.

the profit that  earned from crypto investment depends on how we manage our own assets. if we can manage it well like the OP did then we will also get a profit little by little, glad to hear that. it's true that we have to challenge ourselves to be able to achieve our goals so that we will be even more enthusiastic, that is a good strategy. that way we will be more active and careful in managing our own crypto assets and profit from it.