Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: Franctoshi on November 16, 2023, 08:17:34 PM



Title: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Franctoshi on November 16, 2023, 08:17:34 PM
If you are in dam need to invest in Bitcoin, you can buy with as little as $10 and above. Bitcoin is divisible, meaning you can own some fractions, and not a must you will buy the whole of it.
I was inspired to write this topic seeing some of my close friends who had shown interest in buying some Bitcoin some time ago, talk about how they want to invest a significant amount of money, one of them even told me that the little he can start with is $200, and which he missed the opportunity to buy BTC when the price was around $25k in the process of waiting to buy when he has up to $200.

So I guess we have plenty of people who are interested in investing in Bitcoin today but have this kind of mindset, and they want to start investing only with a huge sum amount of money and in the end, the money never gets completed the way they want it and these make them keep missing out on buying opportunities at this cheap price we have for a year plus now.

Bitcoin is created in such a way that you can invest even with as little as $10.
If You face this challenge, you can try out this method to achieve your investment goal in Bitcoin, which is saving some money in a Box and which some people found yielding positive results in the end, and believe me, with time, your goal will be met too if you properly apply this method of saving.

For instance, back then, There was a time when I wanted to save money for something crucial, so I gave myself a six-month target to achieve that, I started cutting down those unnecessary expenses of mine and started saving those side changes in a box, and after that duration of six months, guess what? I marveled at the amount of money that I saved in that box.

So what does that tell you?, it tells you that if you want to invest in Bitcoin but don't have that Big amount of money, give yourself a target and start buying with the little you have $10, $20, 30, $50 and above depending on what that suits your income, I promise you from my experience you would be amazed in the end with the amount of BTC you would accumulate for that 3 months, 6 months or even in 1 year you would give yourself.

The bottom line is that it is better to start buying now with the little money you have than waiting and the time passes by.
Bitcoin is still fucking cheap right now to compare the price it would be in the future.

Hope this can encourage someone who may find him or herself in such a situation.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: DeathAngel on November 16, 2023, 08:29:07 PM
It doesn’t matter if you are a low net worth, low earning individual. You still want to avoid losing purchasing power of your savings don’t you. There is no better hedge than bitcoin so like you say OP, you can invest very little. If you are able to DCA for a number of years & be very patient, your money will do much better in bitcoin than it will sitting in the bank suffering from annual inflation.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Upgrade00 on November 16, 2023, 08:40:12 PM
The core concept of this post is correct. Bitcoin is divisible to the eight decimal, which is lower than a dollar, making it possible to invest with what you have at a point in time and not move to altcoins with zero value.

But investing $10 is not very practical with the fees attached to it, except you choose to store them on a exchange which is not recommended. New investors would try to achieve a balance between investing with what you have, maximizing profits and hang optimal security.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: The Cryptovator on November 16, 2023, 08:40:39 PM
It is actually called the DCA strategy; in this strategy, you don't need to invest a large amount. It doesn't matter if you aren't rich; if you have good intentions to invest and hold, then any amount you can buy. If we don't have a large amount and can't afford to lose, then the DCA strategy is best for us. We can invest a portion of our savings and hold it tight until we have good profits. If you are looking for a bottom, then you may not find it because Bitcoin is unpredictable anyway.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Mate2237 on November 16, 2023, 08:42:03 PM
You have said my physical campaign awareness on bitcoin to people. A lady met me one day and Sid someone told her that for her to own a bitcoin she has to purchase it with the minimum of $4,000 USD and immediately I have to reconciled that mentality from her and told that she can invest with any form from $5 US dollar and that should be depends on the current dollar exchange rate and after the orientation she was very happy and took my number so she can call me to start the investment.

Yes many people have that misconception that it is only big amount can be used to invest in bitcoin but that is not true. In my country of you have #4000 which is equivalent to $5. Though I don't blame them because they are ignorant of the ecosystem.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: CryptopreneurBrainboss on November 16, 2023, 08:44:45 PM
So I guess we have plenty of people who are interested in investing in Bitcoin today but have this kind of mindset, and they want to start investing only with a huge sum amount of money and in the end, the money never gets completed the way they want it and these make them keep missing out on buying opportunities at this cheap price we have for a year plus now.

After reading this your post, many still won't buy as they'll consider the money they have at hand not big enough to buy some Bitcoin. Human beings are used to buying something's at whole instead of fractions and that just happens subconsciously. One thing people's are yet to understand is that you're better off dollar cost averaging than buying at a go because you buy more quantity f Bitcoin when you DCA. Don't wait until you have the amount you feel it's big enough to buy Bitcoin before you start buying, just buy and hodl.

Smart investor's don't wait to buy, they buy to hodl and the good thing about Bitcoin is that there's no limitation on the amount you can buy unless you're making use of a platform that sets a limit so they can make gains from commission (like trading fees on exchanges). You can always create a request on the forum and someone from you localized will be willing to sell Bitcoin for you and you pay with your local fiat.

The more you wait, the more you miss out on the opportunity to acquire Bitcoin at this price because this meant just be the last time we see Bitcoin trading this low again. Your investment capital should be that, that won't break your bank and you won't panic if the market doesn't go exactly as you expected in the short term so while you Invest make sure you're not over doing it or you won't be able to hodl to benefit.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: AmoreJaz on November 16, 2023, 08:47:34 PM
The core concept of this post is correct. Bitcoin is divisible to the eight decimal, which is lower than a dollar, making it possible to invest with what you have at a point in time and not move to altcoins with zero value.

But investing $10 is not very practical with the fees attached to it, except you choose to store them on a exchange which is not recommended. New investors would try to achieve a balance between investing with what you have, maximizing profits and hang optimal security.

i believe that's one hurdle if you are buying small amount of btc from the exchange and you want it to transfer to your own wallet as the fees are quite expensive. but if you will store it first to the exchange, and just transfer later on, make sure the exchange is at least reputable and has insurance. because it is quite risky leaving your funds in third party platforms.
but the idea of buying small fractions is i guess actually being done by a lot of crypto enthusiasts already, particularly those who have tight budget but are strong believers on this market.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Vaculin on November 16, 2023, 08:51:14 PM
 Bitcoin investment does not require a huge amount for you to be able to make an initial investment. Just start with a small amount at first, an amount that you are comfortable of losing. And by doing DCA, you will continue to increase the volume of your investment throughout the years. That's the easiest way so you will find your bitcoin investment grows despite of your little cash onhand.

 This is the reason why bitcoin investment is not only limited to rich but even poor and average individuals are free to invest. As long as you know the type of investment you are entering and you know how it works through long term hodling, then I guess your money will be safe as long as you don't resort into panicking and selling your coins at a wrong timing.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Churchillvv on November 16, 2023, 08:54:40 PM
It's more like what we call DCAing (dollar cost averaging) which means buying regularly a portion of Bitcoin which is largely supported by many members of this forum there are other method one can consider when investing on Bitcoin which are listed by JayJuanGee in his thread
Once BTC accumulation targets are either established or at least there is some directional appreciation that you have to accumulate some bitcoin, then the next strategy would be to consider how to go about BTC accumulation.  Surely, the best three ways to consider BTC accumulation is through 1) dollar cost averaging (DCA), 2) lump sum investing and 3) buying on dips.  The consideration of these three strategies is also best in the order that I presented them.  DCA has the advantage of having a kind of regular flow into your BTC investment that can really add up over time.  Lump sum investing is many times not available for the vast majority of normies, and sure of course, if you have some abilities to lump sum invest there is nothing wrong with exercising such option because having a lump sum gives you options to invest it all at once or to even engage in some kind of DCA approach with investing the lump sum over time rather than all at once.  Buying on dips is not a bad idea, but it requires timing the market

But your method though still supports buying in a whole because saving in a box before buying will still end up trying to buy in a whole which is not what anyone should be advised it better to buy regular because time matters if you don't buy at a point which you have the money something more important than saving might rag off your savings like health issues that is why we more support DCAing.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Upgrade00 on November 16, 2023, 08:55:38 PM
because it is quite risky leaving your funds in third party platforms.
It's not "your" funds if they are being held by a third party. But as I mentioned finding a balance that works is the best option. Leaving them on an exchange up until it will not be too expensive to transfer out, this is my opinion is when the cost of the transaction is less than 10% of the transaction amount. This could means for a period of 2-6 months you will be totally deoendent on the third party.

The downside of this is users get complacent and decide to just leave the funds on the exchange, pointing out that it has been safe during the period they left them there.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: _BlackStar on November 16, 2023, 08:59:07 PM
If someone is able to buy bitcoins in large portions due to their financial capabilities - then I don't expect it to be a wrong action. But of course - buying with a lump sum is not always good because the price of bitcoin can fluctuate sharply and can be lower than the previous purchase price. The DCA strategy is supposed to help them buy at a lower average price - but even if they want a lump sum then that's not a mistake.

I understand the point of this thread - of course one doesn't have to have million of dollars to start investing in bitcoin, but even with $10 they can start. If I can afford $50/week, then I won't push to buy $100 or more - but buying as much as we can afford without interfering with other priority needs will be fine compared to holding fiat.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: rachael9385 on November 16, 2023, 09:02:00 PM
For an investor to start his or her investment plans with a $10 capital, the investor is just applying the DCA method to his investment, an investor don't need a lot of money to start bitcoin investment, this is the most interesting part of Bitcoin investment, there are other investments out there that one must have a hundred box or a thousand box before he or she can start to invest it them but Bitcoin isn't like that.
But there are things that most of us don't understand is that one must have something doing before he or she can invest into Bitcoin, in my local board, I have come across this post economy affects Bitcoin investors (https://bitcointalk.org/index.php?topic=5472766.msg63100825#msg63100825), and it's true, that is why I said one must have something doing before he or she can invest into Bitcoin.
As many people believes that they can invest any little amount of money into Bitcoin that's why even the jobless ones invest into Bitcoin even when they know that they don't have the money to accumulate.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Viscore on November 16, 2023, 09:08:10 PM
You don't need to own instantly a big amount of bitcoin in your wallet. In fact, a lot of bitcoin hodlers do not start with a big purchase but only with an amount that they can easily afford to lose. That's the secret in any investment, know your limits most especially if you are still in the process of learning your investment. You don't need to rush owning a bag of bitcoin, you will definitely achieved it in time through patience and market understanding.

They say bitcoin is only for rich and high status in the community, but we all know its not. That's the good thing about bitcoin. You are free to invest even with a small amount of penny but never expect for immediate profits but be more open for initial losses. That way, you will be able to overcome the risk to lose.



Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: btc78 on November 16, 2023, 09:09:04 PM
exactly the point is to enter the market with a value as cheap as possible

if you saw the opportunity then don’t say money is hindering you even 50 usd can go a long way just be patient, don’t get emotional and remember that you should only invest what you can afford to lose


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: darkangel11 on November 16, 2023, 09:15:19 PM
Just note that you don't need to choose DCA if you can afford it. This is a misconception that makes people DCA, when they could be buying in a normal way. DCA is for people who don't have savings, but have steady income, which allows them to spend a certain % of that income every week or every month, depending on how they get paid.
People who have a million dollars in the bank will not benefit from DCA, it's the other way round. In most situation dividing your capital into 3 or 4 parts to buy in bulk every time there's a significant drop in price will give you a much greater profit.

I agree with OP about buying what you can because 2 most common things people keep repeating about investing in bitcoin are:
It's too expensive, I can't afford it
I'm too late


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: panganib999 on November 16, 2023, 09:15:35 PM
I literally started with peanuts worth of crypto. Since I was a broke high school student when I started my crypto journey. Most of the money that I collect and save for my portfolio came from signature campaigns in this forum, where the majority is spent for my daily expenses. I learned about DCA and started doing a variation of this investment practice that worked for my budget, since the main consensus is that all you need to do is consistently put money to your investment pool, regardless of how much it is.

Eventually it all paid off and now I can proudly say I comfortably live off of the hard work and crypto that I accumulated over the years. I wouldn't have come to this point if I complained about my situation and wished for more. Sometimes, working with what's given to you's the best thing you can do.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Rruchi man on November 16, 2023, 09:31:38 PM
~
The low income earners who cannot afford high end investments have an opportunity with bitcoins. Bitcoins has provided an opportunity for everyone from all financial levels of life to be able to invest no matter what you earn. This opportunity has made it possible for some people to have a change of financial status and make it possible for others. People who do not have a lot of money and no other investments ought to be more serious with investing any little money they can spare because bitcoin provides the same opportunity that the investment other people have provides for them.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Mahanton on November 16, 2023, 09:39:32 PM
If you are in dam need to invest in Bitcoin, you can buy with as little as $10 and above. Bitcoin is divisible, meaning you can own some fractions, and not a must you will buy the whole of it.
I was inspired to write this topic seeing some of my close friends who had shown interest in buying some Bitcoin some time ago, talk about how they want to invest a significant amount of money, one of them even told me that the little he can start with is $200, and which he missed the opportunity to buy BTC when the price was around $25k in the process of waiting to buy when he has up to $200.

So I guess we have plenty of people who are interested in investing in Bitcoin today but have this kind of mindset, and they want to start investing only with a huge sum amount of money and in the end, the money never gets completed the way they want it and these make them keep missing out on buying opportunities at this cheap price we have for a year plus now.

Bitcoin is created in such a way that you can invest even with as little as $10.
If You face this challenge, you can try out this method to achieve your investment goal in Bitcoin, which is saving some money in a Box and which some people found yielding positive results in the end, and believe me, with time, your goal will be met too if you properly apply this method of saving.

For instance, back then, There was a time when I wanted to save money for something crucial, so I gave myself a six-month target to achieve that, I started cutting down those unnecessary expenses of mine and started saving those side changes in a box, and after that duration of six months, guess what? I marveled at the amount of money that I saved in that box.

So what does that tell you?, it tells you that if you want to invest in Bitcoin but don't have that Big amount of money, give yourself a target and start buying with the little you have $10, $20, 30, $50 and above depending on what that suits your income, I promise you from my experience you would be amazed in the end with the amount of BTC you would accumulate for that 3 months, 6 months or even in 1 year you would give yourself.

The bottom line is that it is better to start buying now with the little money you have than waiting and the time passes by.
Bitcoin is still fucking cheap right now to compare the price it would be in the future.

Hope this can encourage someone who may find him or herself in such a situation.

People would really be that missing out opportunity because of those wrong assumptions because of that lacking of experience and knowledge about it. This is the mistake of those people who dont make out some in depth research before they would really be making out such decision.If they are really just that aware that they could be able to buy up in fractions then they wont really be missing out on buying into those times where
the price is still $25k but well whats done is done and there's nothing we can do about it. There are really just those people who do miss out on taking up action just because of lacking knowledge and awareness of things.

When it comes to investment with Bitcoin then you wont really be needing that whole coin for you to be bought up.Just like been said that it could really be done in fractions on which means that if you are really that
going for long term then buying up in small scale would do. You wont really be caring about the price entry you are buying since you are really that going for long term aspect.
There are really just those people who would really be targeting out on buying a whole coin which we know that not all would really be able to afford on doing so.
For me, i do even struggle on saving up 0.1 basing in my own salary and expenses on which icant really be able to save up that so easily but doesnt mean that it would be impossible
on doing such thing, you can do it on gradual manner. It all matters with your own approach.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Lida93 on November 16, 2023, 09:43:12 PM
It is actually called the DCA strategy; in this strategy, you don't need to invest a large amount. It doesn't matter if you aren't rich; if you have good intentions to invest and hold, then any amount you can buy. If we don't have a large amount and can't afford to lose, then the DCA strategy is best for us. We can invest a portion of our savings and hold it tight until we have good profits. If you are looking for a bottom, then you may not find it because Bitcoin is unpredictable anyway.
many of the new uninformed investors are missing the ideal concept of DCA, the misconception for them is that they think you must have a certain amount before you start to DCA or DCA each of the time. But apparently it's not like that.

DCAing demands whatever amount you can use to add to your investment it mustn't be specific amount as in $100 each of the week or month as the case may be, but rather any amount ranging from $10,, $15, $20, $19, $30 on and on.

Sticking to a specific amount before DCAing can make an investor miss the dip in the market that before he can make up to the specific amount the market price would have rised above the dip as it were. The DCA can be likened to a savings box otherwise known as piggy bank any amount can be put into it.



Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: lombok on November 16, 2023, 09:43:17 PM
Most people who are new to and interested in Bitcoin think what the OP said. This also happened to several friends in my work environment, who ended up missing the price of $16K - $20K - $25K - $30K, yes with the same problem because the money target for buying Bitcoin had not been met, even though I had given them the understanding that we could buy Bitcoin in fractions. This is just their own decision, I have explained and given some directions, but all investment decisions are up to them, even if they are late in entering and get a price of $35K, this could be a lesson or motivation in purchasing/investing in Bitcoin in the future for them.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Oasisman on November 16, 2023, 09:44:34 PM
It doesn’t matter if you are a low net worth, low earning individual. You still want to avoid losing purchasing power of your savings don’t you. There is no better hedge than bitcoin so like you say OP, you can invest very little. If you are able to DCA for a number of years & be very patient, your money will do much better in bitcoin than it will sitting in the bank suffering from annual inflation.

That's the correct mindset of a true investors who truly value their hard earned money rather than sitting them all in the bank which gradually losses it's purchasing power over time. Though I don't suggest either to put all your savings to bitcoin, but having bitcoin as part of your several kinds of savings/investment will help you financially as long as you're patient.
However, some people today are just looking to put their money in bitcoin hoping that they would become rich overnight or a short period of time, clearly doesn't know how bitcoin works. Those are not called investors, they just want easy money, I call them crypto trend-setter lol.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Sanitough on November 16, 2023, 09:49:35 PM
 Bitcoin is expensive and we are all aware of that. So if we jump on buying bitcoin risking our hard-earned money, maybe the outcome may not be as good as what we expected most especially that we are dealing with a volatile asset here.  So the best option is to buy bitcoin with our spare money that we don't care to lose. And we can only maximize our purchase if we also timing it when there is bearish season in the market so we can buy at its affordable price.

The challenge here is not actually to buy a lot nor buy it at its affordable price, but the real challenge comes when you want keep a sustainable amount of bitcoin without falling on the market volatility that will push you to sell at a losing price.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Franctoshi on November 16, 2023, 10:07:59 PM
But investing $10 is not very practical with the fees attached to it, except you choose to store them on a exchange which is not recommended. New investors would try to achieve a balance between investing with what you have, maximizing profits and hang optimal security.
Yes, in this kind of situation where transaction fees are way high, the investor may decide or choose between increasing to an amount he or she is capable of affording or spending within the period we are experiencing high transaction fees such as we have right now and not only tied to buying with $10, we can adjust to suit this kind of situation, take you for instance if you were buying on a week interval you may choose to shift into buying in 2 weeks intervals and combine the two funds to save cost or worst case some can choose to wait for the fees to go down.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Gormicsta on November 16, 2023, 10:10:55 PM
DCAing demands whatever amount you can use to add to your investment it mustn't be specific amount as in $100 each of the week or month as the case may be, but rather any amount ranging from $10,, $15, $20, $19, $30 on and on.

The concept of DCA couldn't be simplified any further than this, most people find it hard to DCA simply because they set a high weekly limits for themselves and along the line they realize that they're unable to maintain that set limit, and this might discourage them or probably make them just quite.
I always tell people who want to DCA to see it as saving up for something, getting a piggyvest/piggybank and throw in your savings there every day, week or month depending on how your income flow and plans are. It's really not difficult if you visualize it this way, rather than setting a high and specific DCA limit that you might likely not keep to. If you see it as saving up for an event you might just be surprised how much you've been able to realize in such a short period and before you know it, you've accumulated a quite quantity of Bitcoin in your investment.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: BitDane on November 16, 2023, 10:24:23 PM
You have said my physical campaign awareness on bitcoin to people. A lady met me one day and Sid someone told her that for her to own a bitcoin she has to purchase it with the minimum of $4,000 USD and immediately I have to reconciled that mentality from her and told that she can invest with any form from $5 US dollar and that should be depends on the current dollar exchange rate and after the orientation she was very happy and took my number so she can call me to start the investment.

It is possible that the person who told the lady is an agent of a company, possibly a Ponzi scheme one since these kind of company often have a fix entry level.  It is a good thing that you are able to intercept this lady from being scammed by a Ponzi company agent.

Yes many people have that misconception that it is only big amount can be used to invest in bitcoin but that is not true. In my country of you have #4000 which is equivalent to $5. Though I don't blame them because they are ignorant of the ecosystem.

It is because many people who are interested in investing Bitcoin do not do their own research and are often swayed by companies that exploited Bitcoin.  Like during the time before Bitcoin get popular in my country, there are already some international fraud company that are exploiting the Bitcoin nature and are using Bitcoin as a front to scam people and their entry fee is really high which makes people thinks that investing in Bitcoin really needs a huge amount of money.  It was way back as early as 2015 before our government acknowledge Bitcoin as mode of payment in 2017.

Although the idea of the need of huge capital to invest in Bitcoin has already been debunked for countless times, there are still people who thinks that huge fund is needed to acquire Bitcoin since they are just looking at the price of it as a whole and not how Bitcoin has this divisibility.



Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: n0ne on November 16, 2023, 10:24:47 PM
First of all people need to have clarity on what is bitcoin and how it is gaining value when the fiat keeps falling. Most of the people without proper understanding start to invest and gets caught into traps. Saw a post about a lady who is been said the minimum investment is $4000. People who had heard about the tremendous growth might tend to invest and if the market isn't in their favour they end up losing. Before getting into bitcoin, basic learning is must and the same is possible through investing on small amount and further going to higher investment. As said it have got the 8th decimal divisible and we should start at the earliest to experience the best of it.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Accardo on November 16, 2023, 10:25:06 PM
In both ways let the investor never run out of income. Whether they invest big or in bits, once there is no income flow. The investment would be as good as not investing at all. Hence, while we set aside money to invest in bitcoin. We need to also make sure that it doesn't affect our earnings or better still look for other means of income. Most people who invest little money in bitcoin, easily go back to spend the money when they need it. Thereby breaching the long term investment agreement that most investors should have in mind while throwing money in bitcoin. I'd say that successful bitcoin investors are successful business men. For instance, micro strategy, invest big money into bitcoin and he's or will succeed in it. Because he's already successful in his field of business. When we are not sure of ourselves financially, that's where the doubt comes to play. Whether to put big or little. In the both category, many didn't maintain their focus, due to life or business challenges that presents them with reasons to sell the coin. Sure, we can start little, but how sure are we that, we'll finish the journey of setting little amount of money, in our control, for 10 - 20 years without spending a dime. That's true spirit of an investor. Why many lose focus, depends on their intentions. Some could be for the profits, but one general reason for financially unstable people is that they have control over the money. They can decide to sell the coin at any given moment. So, whenever they feel threatened by lack of funds they'll run back to their bitcoin and sell in fractions, until it's over. In a nutshell, to achieve this goal, be financially stable first. Then invest.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Silberman on November 16, 2023, 10:55:58 PM
DCAing demands whatever amount you can use to add to your investment it mustn't be specific amount as in $100 each of the week or month as the case may be, but rather any amount ranging from $10,, $15, $20, $19, $30 on and on.

The concept of DCA couldn't be simplified any further than this, most people find it hard to DCA simply because they set a high weekly limits for themselves and along the line they realize that they're unable to maintain that set limit, and this might discourage them or probably make them just quite.
I always tell people who want to DCA to see it as saving up for something, getting a piggyvest/piggybank and throw in your savings there every day, week or month depending on how your income flow and plans are. It's really not difficult if you visualize it this way, rather than setting a high and specific DCA limit that you might likely not keep to. If you see it as saving up for an event you might just be surprised how much you've been able to realize in such a short period and before you know it, you've accumulated a quite quantity of Bitcoin in your investment.
What those people do not see is that maybe they could be able to maintain those high savings for a few weeks, but after that it is impossible to maintain such rhythm, in a way this is very similar to what we see when people want to lose weight, they set themselves impossible goals by trying to exercise every single day for a few hours while eating almost nothing, and while this could be done for a time, at some point your body will break and demand rest and a good nutrition, making impossible for them to achieve the goals they set for themselves.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: gunhell16 on November 16, 2023, 11:01:46 PM
This is what I like about Bitcoin as a type of investment in this industry, because no matter how much it costs, you can buy it and save little by little until your balance in your wallet grows.

He doesn't have a fixed amount, so you can buy it; instead, you can buy whatever you can, and you can do it in Bitcoin. Then this is the recognized top crypto, or King, or Father of all cryptocurrency, or isn't it great? And this is also the reason why there were altcoins in this business industry as well.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: n00ber on November 16, 2023, 11:14:25 PM
But investing $10 is not very practical with the fees attached to it, except you choose to store them on a exchange which is not recommended. New investors would try to achieve a balance between investing with what you have, maximizing profits and hang optimal security.
Yes, in this kind of situation where transaction fees are way high, the investor may decide or choose between increasing to an amount he or she is capable of affording or spending within the period we are experiencing high transaction fees such as we have right now and not only tied to buying with $10, we can adjust to suit this kind of situation, take you for instance if you were buying on a week interval you may choose to shift into buying in 2 weeks intervals and combine the two funds to save cost or worst case some can choose to wait for the fees to go down.


We should accumulate for a while and withdraw to our wallet every time we reach a significant number of bitcoins, I think there's nothing too dangerous or too risky. It's true that storing bitcoins on a centralized platform is not recommended, but if it's just a negligible amount, there's nothing to worry about. We need to behave according to our circumstances, not being too rigid or imitating others when our circumstances are different from theirs. Furthermore, not every exchange will collapse, Kraken, coinbase...and many exchanges have existed since 2012 until now, not every exchange will become the 2nd FTX.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: mirakal on November 16, 2023, 11:31:52 PM
It is actually called the DCA strategy; in this strategy, you don't need to invest a large amount. It doesn't matter if you aren't rich; if you have good intentions to invest and hold, then any amount you can buy. If we don't have a large amount and can't afford to lose, then the DCA strategy is best for us. We can invest a portion of our savings and hold it tight until we have good profits. If you are looking for a bottom, then you may not find it because Bitcoin is unpredictable anyway.
Only those who rush to invest in bitcoin without prior knowledge will decide to buy bitcoin at a full blast, thus buying an amount that you will surely regret once it end up losing. And I have known at lot of these people and end up quitting after experiencing an initial loss with a significant amount. That is why I want to discouraged those people who have no clear mindset about bitcoin, never invest in bitcoin if you want to get rich quick as putting a large amount of capital will never guarantee that your investment will succeed.

Do the DCA instead. Never worry for a small purchase because once you do it consistently, you will still be able to own a huge portfolio of bitcoin in the long run. Just stay patient and timing the market when it offers a big discount on the price of bitcoin.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: EluguHcman on November 16, 2023, 11:47:11 PM
The reality truth and advice is that it offers you a better profit if you can invest with the least Capita at hand which could generate you gradual incomes while you strives to top up your trading Bitcoin wallet to your benefitted amount that tends to profer you the huge income as dreamt else, other times could be a wasted one because you ignorantically failed to take advantage and make your unreadiness a productive time (s).


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: passwordnow on November 16, 2023, 11:48:54 PM
While I agree with the whole thing about what OP has said but we need to consider the current situation if we're just going to buy with $10, $20 or $50 because of the fees. The highest priority will charge us with $11 or 227 sats/vB and that's a lot for the little investors if that's what they're going to do right now.

I am not discouraging to invest with the little that you have but save that money first and wait until the fees drop off and be back to 1 sat/vB. It's going to take a while but it won't be that long as we wait for it to drop. But it's true that you don't buy the whole thing when investing in Bitcoin because that's the wrong idea of many that sees towards it.

It's not forcing you people to invest on it and buy the 1 Bitcoin and that's why the fractions that you can invest with, just focus there and aim to have at least a few decimals of it if you ever started to like buying and investing bitcoin. This isn't just all about liking it but understanding that it's best to have it during these times because of the inflation, crises, etc.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: jeraldskie11 on November 16, 2023, 11:53:17 PM
If you only have a small funds, you can also be called investor if you invested in Bitcoin. You have to think twice before you make a decision since it's only a little amount. If you don't have knowledge in investing or in trading, it's not the best idea to use your funds since it only increases the risks of losing money. You have to gain knowledge first, learn how to analyze the market, and back test so that you can gain confident that your plan will work. Also avoid checking the chart from time to time as it will generate negative emotions that affects your decisions. Always stick to your plan and trust the process, you will get what you want soon.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: cryptoaddictchie on November 17, 2023, 12:52:21 AM
It doesn’t matter if you are a low net worth, low earning individual. You still want to avoid losing purchasing power of your savings don’t you. There is no better hedge than bitcoin so like you say OP, you can invest very little. If you are able to DCA for a number of years & be very patient, your money will do much better in bitcoin than it will sitting in the bank suffering from annual inflation.
Thats right. Even with retailers who are lack of funds wanted to have btc they purchased btc with their mightiest buying power. Not all are capable of buying and recently the investment option for everyone tend to point to crypto which means that this industry are reaching them out through a lot of tongues. Adoption is either socially hype or business incorporated.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: LogitechMouse on November 17, 2023, 12:54:47 AM
Quote
Re: Start with the little you have, you don't need millions of dollars to own BTC.
There are some reasons why people don't really buy or at least own Bitcoin.
- They have little to no knowledge about Bitcoin. They are afraid to lose their money.
- They have no spare money to start with.
- They have no interest in investing in it.

Yes, starting even with a small amount of money is already a good start, but it's just that, not all people who are capable of buying even a single Bitcoin are interested in buying it. It always comes back to how knowledgeable you are regarding Bitcoin because you will make better decisions if you have the knowledge. It doesn't matter how little your money is as long as you know what you're doing.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Darker45 on November 17, 2023, 01:06:28 AM
I agree. One has to start buying the moment they understand Bitcoin. If not for starting to build a Bitcoin portfolio, it's for them to try making Bitcoin transactions. Learning Bitcoin includes learning to receive and send Bitcoin. Creating a wallet, storing backup, getting the public address, and so on are exciting things for somebody who's still in the learning process.

In terms of investing, the advantage of buying in small amounts is that you could have a lower buying price average. And there's also the tendency that once you start buying, you will continue doing it. You couldn't get enough of it. And that's how your portfolio grows. Keeping your money for that perfect time and price could either mean you won't buy anymore because the price has already risen or you have spent your savings on something else.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: barisbilgili on November 17, 2023, 02:45:32 AM
The reality truth and advice is that it offers you a better profit if you can invest with the least Capita at hand which could generate you gradual incomes while you strives to top up your trading Bitcoin wallet to your benefitted amount that tends to profer you the huge income as dreamt else, other times could be a wasted one because you ignorantically failed to take advantage and make your unreadiness a productive time (s).
If we can see an opportunity to make a profit from investing or trading and don't take advantage of that opportunity, of course we will be very sorry when we see that other people can make a profit from the investment they made, because we could have started. with whatever amount we can afford and we also have to be able to do it regularly to be able to get a profit from the investment we make.

If you only have a small funds, you can also be called investor if you invested in Bitcoin. You have to think twice before you make a decision since it's only a little amount. If you don't have knowledge in investing or in trading, it's not the best idea to use your funds since it only increases the risks of losing money. You have to gain knowledge first, learn how to analyze the market, and back test so that you can gain confident that your plan will work. Also avoid checking the chart from time to time as it will generate negative emotions that affects your decisions. Always stick to your plan and trust the process, you will get what you want soon.
In my opinion, there is nothing wrong with having small funds to be able to collect Bitcoins, because if we can buy them consistently then we will be able to make a profit from the Bitcoins we collect.
If we can't understand it well then we need to be able to study it well before choosing to buy it, but if we still choose to buy it and study it well, of course this will be very profitable for us and it is also very important for us to be able to understand it well. control our emotions in trading because if we cannot do this we will make inappropriate decisions in the trading we do.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Poker Player on November 17, 2023, 03:09:25 AM
This does not happen only with Bitcoin. One of the good things that digitalization has brought is a democratization of the ability to acquire financial assets. Today it is possible to acquire investment funds for small amounts as well, or fractions of shares. This means that, together with Bitcoin, which is what we are talking about, people with modest incomes can acquire financial assets to the extent of their possibilities and start on the road to wealth. Let's remember that if you want to get rich what you have to do is to allocate a percentage of your income to acquire assets, perhaps the best being the Bitcoin, and for this, DCA strategies, as mentioned above, are very useful.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: michellee on November 17, 2023, 03:17:41 AM
The method provided can be tried by people who want to start investing in Bitcoin. They don't need to buy Bitcoin in full but can buy it little by little. The important thing is that they can regularly invest in Bitcoin for a certain period, for example, 1 or 2 years or even for the long term.

Setting aside money like @OP could give them the opportunity to invest in Bitcoin. This investing routine is like saving in a bank account. But the difference is that we save in Bitcoin and we are the bank. The current price of Bitcoin is still low compared to the possibility of Bitcoin price increases in the future.

So don't waste time now to start investing in Bitcoin regularly. The method used by @OP is called the DCA method, which many people have used. The important thing is that before starting to invest in Bitcoin, they can learn about it first so they don't panic.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: bayu7adi on November 17, 2023, 04:12:50 AM
Accumulation can also be referred to as DCA ... however, I'm a bit skeptical about newcomers entering Bitcoin just because they see their friends making significant profits and are eager to buy Bitcoin. Newcomers usually don't understand that investing in Bitcoin requires patience; sometimes, it takes more than 6 months to truly see profits, or even several years. The mindset of instant profits should be kept away from those who are new to learning about Bitcoin; it's truly a poison that affects their emotions and only makes them frustrated because the price movements don't align with their expectations.

They should start learning that Bitcoin can be an alternative savings method, meaning every day they can save $5 or $10 according to their ability. After accumulating a significant amount, they can evaluate whether their savings have grown or remained the same. I believe that if this is done over an extended period, their savings will grow due to the increase in the BTC price.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Die_empty on November 17, 2023, 04:58:30 AM
If you only have a small funds, you can also be called investor if you invested in Bitcoin. You have to think twice before you make a decision since it's only a little amount. If you don't have knowledge in investing or in trading, it's not the best idea to use your funds since it only increases the risks of losing money. You have to gain knowledge first, learn how to analyze the market, and back test so that you can gain confident that your plan will work.
After researching and learning about Investing in Bitcoin I always advise newbies to Invest a small amount at the beginning of the investment. This will enable them to make less costly mistakes as embark on the journey towards mastering the Bitcoin system. Understanding and mastering wallets, privacy, security, and other important aspects of Bitcoin investment is vital before putting large sums into the system.

Also avoid checking the chart from time to time as it will generate negative emotions that affect your decisions. Always stick to your plan and trust the process, you will get what you want soon.
FUD is an issue that makes some investors dump their plans and sell off what they have invested prematurely. Looking at the charts consistently is one way to generate fear and listening to or reading information from social media and some untrusted media houses also infuse the feeling of uncertainty. Some of these platforms are specialists in spreading FUD and as such we need to avoid them. My advice to newbies is to always follow their investment plans and verify every information that interests them.

They should start learning that Bitcoin can be an alternative savings method, meaning every day they can save $5 or $10 according to their ability. After accumulating a significant amount, they can evaluate whether their savings have grown or remained the same. I believe that if this is done over an extended period, their savings will grow due to the increase in the BTC price.
Just as we keep  money in savings accounts, keeping a small amount of Bitcoin consistently could lead to a handsome profit in a few years. But the problem is that most beginners are not patient to keep saving because they have been brainwashed by some altcoin developers and promoters that the crypto space is a get-rich-quick industry.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Kakmakr on November 17, 2023, 05:28:16 AM
I also started out buying like that, with every single cent that I could spare, but that is not neccesarilly the best way to do it. I changed my strategy slightly by hoarding the "cash" until the price is favorable to buy more bitcoins.

So why should you be forced to buy at a high price, if you can keep the cash and then when there are a drop in the price... buy more bitcoins. The timing of these buys are crucial and you should never buy in a Bull market..... rather wait it out and buy when it drops.  :P


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: kotajikikox on November 17, 2023, 05:50:57 AM
Not sure why people keeps seeking to buy Bitcoin in Whole  i mean a Piece when we can just buy the lowest we can but will consider us as investors are already .
If I remember it right , have only bought small amount as 20 dollars and that is my starting capital but eventually buying up to now.
this made me investor and also a HODLER , we must always consider buying when there is available fund but can be willing to risk .
The reality truth and advice is that it offers you a better profit if you can invest with the least Capita at hand which could generate you gradual incomes while you strives to top up your trading Bitcoin wallet to your benefitted amount that tends to profer you the huge income as dreamt else, other times could be a wasted one because you ignorantically failed to take advantage and make your unreadiness a productive time (s).
that is why Bitcoin is the perfect investment because surely you can generate passive income depending to how much you invest on it.
so yes small capital is better that keep looking for high capital but cannot make it through .


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Assface16678 on November 17, 2023, 05:53:06 AM
Accumulation can also be referred to as DCA ... however, I'm a bit skeptical about newcomers entering Bitcoin just because they see their friends making significant profits and are eager to buy Bitcoin. Newcomers usually don't understand that investing in Bitcoin requires patience; sometimes, it takes more than 6 months to truly see profits, or even several years. The mindset of instant profits should be kept away from those who are new to learning about Bitcoin; it's truly a poison that affects their emotions and only makes them frustrated because the price movements don't align with their expectations.

They should start learning that Bitcoin can be an alternative savings method, meaning every day they can save $5 or $10 according to their ability. After accumulating a significant amount, they can evaluate whether their savings have grown or remained the same. I believe that if this is done over an extended period, their savings will grow due to the increase in the BTC price.

That's what we called hype riders, meaning they want to enter an industry that they don't know or that is new to them just because they see its value or because a lot of people earn from it. I think many people invested and got interested in bitcoin or other crypto coins when the NFT's were popular. I will not say the specific game, but in my country, that crypto game became too popular because of the earnings you could get, and I noticed that many non-crypto people started to invest in it. A little while later, the game started to lose its value, and still many people in my country became crypto wannabe enthusiasts.

What I've learned is that many people will enter into something that they don't know because of its opportunity to earn, and nothing is wrong with that. What's wrong is that they think things are easy. Many borrow or load money, or some sell properties just to have capital they can use in bitcoin or other crypto currencies. Little do they know that the best way to earn is to start with a little amount, and then it's up to you and your ability to make your money grow. That's when you will know that you have a future in that industry or in the crypto world.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Strongkored on November 17, 2023, 05:59:43 AM
Bitcoin is created in such a way that you can invest even with as little as $10.
Withdrawal fees from exchanges may be an obstacle when you want to implement this, start saving Bitcoin with small amounts because withdrawal fees from exchanges are quite high at the moment, and if you choose to save them on an exchange then you must remember Not your keys, not your coins, So the choice is quite difficult because for small investors it is impossible to buy 1 Bitcoin or a Bitcoin fraction larger than just $10 or wait until you can buy a larger amount because the opportunity to buy at a cheap price can be missed.
If there are investors who still want to buy small amounts, always pay attention to network density because usually when the network is not too congested the network fees will be cheaper, and buying it using the P2P system can be an option to avoid withdrawal fees from the exchange but you have to choose carefully so as not to be scammed.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Promocodeudo on November 17, 2023, 09:08:51 AM
Bitcoin has made itself available for individuals to invest in it, is just that some people has failed to understand the strategy in which this digital currency exist, this different investment strategy has made me to know that bitcoin was carefully designed to be like that, so that it can accommodate the larger population of the world, the only excuse an intending investor will tender that could make him or her not to invest in bitcoin, could just be income less than 10$ and more responsibilities, which I know that, this is not possible with people from the developed world, this excuses are mostly found in people who doesn't have much interest initially, the trust DCA is the best strategy to go gradually, this has helped many to achieve a lot in this industry.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Sim_card on November 17, 2023, 10:15:28 AM
This is what most newbies don't understand that they must not wait till thy have a big amount before they can start their bitcoin journey. The moment you can afford to budget 10% from your income and it wouldn't affect your daily expenses, you can start investing into bitcoin and buy regular with DCA method to help you expand your bitcoin portfolio. It should also be noted that you must be on a long term bitcoin accumulation goal to enable you make good profit from your bitcoin investment. As people in this present world with high rate of inflation and the depreciation of fiat, bitcoin investment is necessary for all, so that in the future we can have what to fall back to.

Sticking to a specific amount before DCAing can make an investor miss the dip in the market that before he can make up to the specific amount the market price would have rised above the dip as it were
You don't need to wait to pile up a certain amount before you can use to DCA, it is good that you use the amount that will not affect your income to DCA regularly, so that even during the dip, you are still buying with that same amount, and I don't think that anyone using method will miss out during the dip, because your are buying irrespective of the price regularly.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: KiaKia on November 17, 2023, 10:22:53 AM
The problem is the transaction fee right now, right now it takes up to $7 as the minimal fee for Bitcoin transaction and we are not even in a bull market yet, so ridiculous. The best thing for those who can only afford $10 invest on Bitcoin is to save up the money first and when they money is up to $100 they can proceed and buy Bitcoin, at least there are still some time left, that's ten rounds of saving $10 to get to $100, that's not impossible.

I passed the same message to someone who contacted me online about Bitcoin investment and complained about the transaction fee, I also told him to keep an eye on mempool to know when the transaction fee gets cheaper, it's possible it will still become cheaper before the bull market gets back on again.

Since the value of Bitcoin increases any time it makes sense to invest when you have the money even if it seem small to your eye, remember that the $500 you held on waiting for it to get to $1000 before you invest can turn into $1000 if you just invest the $500 today, do not wait.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Lida93 on November 17, 2023, 10:33:25 AM
DCAing demands whatever amount you can use to add to your investment it mustn't be specific amount as in $100 each of the week or month as the case may be, but rather any amount ranging from $10,, $15, $20, $19, $30 on and on.

The concept of DCA couldn't be simplified any further than this, most people find it hard to DCA simply because they set a high weekly limits for themselves and along the line they realize that they're unable to maintain that set limit, and this might discourage them or probably make them just quite.
I always tell people who want to DCA to see it as saving up for something, getting a piggyvest/piggybank and throw in your savings there every day, week or month depending on how your income flow and plans are. It's really not difficult if you visualize it this way, rather than setting a high and specific DCA limit that you might likely not keep to. If you see it as saving up for an event you might just be surprised how much you've been able to realize in such a short period and before you know it, you've accumulated a quite quantity of Bitcoin in your investment.
What those people do not see is that maybe they could be able to maintain those high savings for a few weeks, but after that it is impossible to maintain such rhythm, in a way this is very similar to what we see when people want to lose weight, they set themselves impossible goals by trying to exercise every single day for a few hours while eating almost nothing, and while this could be done for a time, at some point your body will break and demand rest and a good nutrition, making impossible for them to achieve the goals they set for themselves.
Those that sets a high DCA limit for their Investment do so relying on their source of income flow their resolve is strong that they can meet up with the limit for as long as it takes but in the midway uncertainty may strike with circumstances beyond their control affecting their income flow making it impossible for them to muster up with the DCA limit they have set for their self.

And this can be discouraging especially when you have set a standard for yourself but can't meet up anymore, that's the more reason why we shouldn't set a limit as we start to DCA in accumulating bitcoin, just any amount available to use is fine, big or small amount isn't what's important, what's important is your  dexterity to continuing DCA with any amount you can afford.
A little drops of water makes an ocean


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Eternad on November 17, 2023, 10:42:35 AM
the only excuse an intending investor will tender that could make him or her not to invest in bitcoin, could just be income less than 10$ and more responsibilities, which I know that, this is not possible with people from the developed world, this excuses are mostly found in people who doesn't have much interest initially, the trust DCA is the best strategy to go gradually, this has helped many to achieve a lot in this industry.

Not all people has the guts to invest on volatile assets especially if they already have the job that secure their life financially. Only people that accepts volatility and live with are those who can afford investing on this kind asset since they knew what’s the possible consequence.

We can’t blame those who can’t invest on Bitcoin despite they are financially capable because that’s their choice of financial independence by relying only to their salary from work. We can’t convert the rest of non-Bitcoin investors to invest that’s why we are lucky to be here and enjoy the benefits of Bitcoin because we are not afraid on volatility.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Marvelman on November 17, 2023, 11:52:12 AM
This is what most newbies don't understand that they must not wait till thy have a big amount before they can start their bitcoin journey.
/.../

When people first get into crypto, they usually don't think long-term about their investments.  It's easy to imagine how much you could have now if you had invested heavily in bitcoin ten, five, or even just two years ago, or when you first heard about it and  back then bitcoin was worth a fraction of what it is today.  But instead of taking the slow, steady path with bitcoin, new investors get hyped up about the potential for big, quick gains from altcoins like dogecoin or shiba inu.  With their small investments they want that kind of overnight success. 

What they aren't considering is the higher risk with chasing those kinds of gains compared to bitcoins more stable growth over time.  I'd personally rather play it safer and go for slow and steady returns than shoot for the moon and risk losing everything.  But that's just me.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: glendall on November 17, 2023, 12:16:49 PM
starting to buy in small amounts is the right step for beginners who are still unsure about the security of bitcoin itself,
and there is no problem buying in millions of dollars if the person has free money without disturbing the main money in meeting needs,
the conclusion , whatever our investment is, that is the financial capacity we have, there is no need to force investment if it is only for prestige.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Blitzboy on November 17, 2023, 12:23:32 PM
Without a doubt, getting into Bitcoin doesnt require a lot of money. Its about taking small steps and enjoying the trip. You dont need to see the whole thing right away. Be patient my friend. Begin with a small amount, like $10 or $20, and watch your finances change.

Your plan for saving boxes? A genius idea! This shows how important it is to be patient and consistent. We often think that buying is only for rich people, which is not true. Its not how much you start with that matters. The fact that Bitcoin is fractional is a game-changer that makes investing easier for everyone.

There is no such thing as the "perfect moment" or "bigger funds." Are you telling the truth? Little steps must be taken steadily. Its unclear. Tomorrow's $10 Bitcoin piece could be a prize! This is your word, right? For those who are afraid to take the jump, its a bright light.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: lovesmayfamilis on November 17, 2023, 01:37:11 PM
Those who learn about Bitcoins and update the information for themselves every day will certainly come to the understanding that practice is always better than theory. Buying a small amount should motivate people to further study and invest regularly. Understanding that you are in the Bitcoin wave and owning it is certainly something many people want to have. But those who wait for the best price every time are probably burned by their expectations because they do not understand that the best price is called "now ”.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Yamifoud on November 17, 2023, 01:47:03 PM

The bottom line is that it is better to start buying now with the little money you have than waiting and the time passes by.
Bitcoin is still fucking cheap right now to compare the price it would be in the future.

Hope this can encourage someone who may find him or herself in such a situation.

Maybe 10 years from now and if Bitcoin still exists the price is probably over $100k. And that time, it was just like what we were buying today while the price of Bitcoin was very cheap 10 years ago. Investing is not a contest but we are actually running out of time before the price surges high again. I don't say it was a good time for buying these days but at least, we don't miss the opportunity while the price of Bitcoin is just $38k before it reaches another ATH.

Having $1000 worth of Bitcoin now can be multifold in the future which means that there is no regret in doing this, yes we only need courage and faith.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: D ltr on November 17, 2023, 01:53:50 PM
investing in bitcoins in small amounts and gradually is the perfect way to invest in crypto, where by investing small amounts we can at the same time learn to be consistent in investing so that one day we will have 1 bitcoin or even more than our patience


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: invo on November 17, 2023, 01:57:26 PM

The bottom line is that it is better to start buying now with the little money you have than waiting and the time passes by.
Bitcoin is still fucking cheap right now to compare the price it would be in the future.

Hope this can encourage someone who may find him or herself in such a situation.

Maybe 10 years from now and if Bitcoin still exists the price is probably over $100k. And that time, it was just like what we were buying today while the price of Bitcoin was very cheap 10 years ago. Investing is not a contest but we are actually running out of time before the price surges high again. I don't say it was a good time for buying these days but at least, we don't miss the opportunity while the price of Bitcoin is just $38k before it reaches another ATH.

Having $1000 worth of Bitcoin now can be multifold in the future which means that there is no regret in doing this, yes we only need courage and faith.
That's right, the best thing to do is to accumulate while still early or do the DCA method. We have no idea of what will happen in the future or what will be its value a few years after but one thing for sure, Bitcoin's value will not be the same as its current price today. Even with the smallest possible amount we can for investment is fine as we continue to make progress, the value of that investment will be multiplied once Bitcoin reaches a new ATH.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Asiska02 on November 17, 2023, 01:59:50 PM
Bitcoin is created in such a way that you can invest even with as little as $10.
If You face this challenge, you can try out this method to achieve your investment goal in Bitcoin, which is saving some money in a Box and which some people found yielding positive results in the end, and believe me, with time, your goal will be met too if you properly apply this method of saving.

Everything about bitcoin continues to fascinate me. Satoshi that created bitcoin have just made sure it is easy for everyone to have access to. Unlike other currencies, there’s always a minimum amount you can use to afford an asset but bitcoin have broke that barrier. Satoshi, the smaller unit of bitcoin was invented when bitcoin was worth almost nothing, but today to even own some satoshi’s will make you a millionaire is some parts of the world. $200 is a very big sum of money that when spent without investing will get you alot and at the same time when invested will give you very little amount of bitcoin in satoshi.

Bitcoin inventor has already simplified everything for us, you can invest as little as possible and you’ll get a lot of profit in return base on your amount of investment.A lot of people that own bitcoin in their wallets today don’t own at least one bitcoin, the minority of them who are big company whales are those that own at least one bitcoin in there wallets. So, if the majority have less than one bitcoin, you have no excuse not to invest in bitcoin now with as little as you can afford now.

exactly the point is to enter the market with a value as cheap as possible

if you saw the opportunity then don’t say money is hindering you even 50 usd can go a long way just be patient, don’t get emotional and remember that you should only invest what you can afford to lose

That is a misconception and your statement shouldn’t go like that when referring to bitcoin investment. Bitcoin is not an asset to be lost if you’ve invested and secured your wallet the right way. Bitcoin investment is just simple being able to withstand the market volatility and wait for the long term to reap the rewards of your investment in it. Bitcoin are not altcoins that you might be doubting if you’ll get a profit from it in the long run or not. For every of your investments in bitcoin; 1BTC will still remain 1BTC until you sell them out. And the price it will worth, and also; the basis of your profit to loss ratio will depend on the amount it was worth when selling when compared to the price it was when buying.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Lorence.xD on November 17, 2023, 02:24:58 PM

The bottom line is that it is better to start buying now with the little money you have than waiting and the time passes by.
Bitcoin is still fucking cheap right now to compare the price it would be in the future.

Hope this can encourage someone who may find him or herself in such a situation.

Maybe 10 years from now and if Bitcoin still exists the price is probably over $100k. And that time, it was just like what we were buying today while the price of Bitcoin was very cheap 10 years ago. Investing is not a contest but we are actually running out of time before the price surges high again. I don't say it was a good time for buying these days but at least, we don't miss the opportunity while the price of Bitcoin is just $38k before it reaches another ATH.

Having $1000 worth of Bitcoin now can be multifold in the future which means that there is no regret in doing this, yes we only need courage and faith.

We can't be sure when would be the exact outcome results of Bitcoin 10 years from now, but for sure we know that from its potential, it would be a huge amount of value. For that simple reason, if you really want to secure funds in the future, you should accumulate early as soon as possible since Bitcoin's value is currently cheap. You don't really need huge amounts to accumulate Bitcoin when you can start with small amounts as long as you have consistency and discipline like the DCA method. For some people, you don't really have to rush or be pressured especially if you can't afford to invest the money you have, but we're really running out of time as the halving is coming closer. Take it slow and find ways to have extra money to invest into Bitcoin cause it will eventually pay off in the end.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: leonair on November 17, 2023, 02:46:07 PM
I agree with you anyone can invest in bitcoin according there ability. Bitcoin not require a huge money for investment like million of  dollars. A bitcoin is made up of 1 crore satoshis.  So anyone who can buy Bitcoin for just $1 can buy hundreds of satoshis.  So if someone is afraid that he has a small amount of money which is not enough to invest in Bitcoin then I think he is completely ignorant about Bitcoin. Bitcoin is a decentralized coin and it gives freedom to everyone


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: rojan on November 17, 2023, 04:15:27 PM
I agree with you anyone can invest in bitcoin according there ability. Bitcoin not require a huge money for investment like million of  dollars. A bitcoin is made up of 1 crore satoshis.  So anyone who can buy Bitcoin for just $1 can buy hundreds of satoshis.  So if someone is afraid that he has a small amount of money which is not enough to invest in Bitcoin then I think he is completely ignorant about Bitcoin. Bitcoin is a decentralized coin and it gives freedom to everyone
True Due to the freedom of Bitcoin, anyone can easily own Bitcoin and that is why Bitcoin is so popular.  And because of this DCA can be invested in Bitcoin according to everyone's ability.  Even though Bitcoin gives so much freedom, it is able to give several times more profit than other digital assets.  And many have become financially strong by investing in Bitcoin.  Although there is risk in investing here because the price not only increases but also decreases many times.  So there is a lot of possibility of loss.  But if you think about investing in Bitcoin, you have to think long-term, then it will be possible to make good profit


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Latviand on November 17, 2023, 04:47:15 PM
It doesn’t matter if you are a low net worth, low earning individual. You still want to avoid losing purchasing power of your savings don’t you. There is no better hedge than bitcoin so like you say OP, you can invest very little. If you are able to DCA for a number of years & be very patient, your money will do much better in bitcoin than it will sitting in the bank suffering from annual inflation.
We have to understood too that there's people out there that are below the poverty line or even those that are living from paycheck to paycheck, investing in anything is the least of their priorities because most of these people that I've generalized are probably living in survival mode meaning that they can't afford to wait for anything long-term even if the benefits far outweigh all the disadvantages out there, yes bitcoin is a hedge but are those people able to play the waiting game? I don't think so. But for those that are able to do it, just do what the others are recommending like DCA, if it works for you then continue doing but if it's not then you can check out other methods if there are any.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: cafter on November 17, 2023, 05:36:51 PM
It's kind of like when you keep away a bit of money every month after taking care of your everyday expenses. The only difference is that the amount can go up or down with the the price of Bitcoin.
It's a bit similar to saving money in a regular bank, but in this case, we are putting our part of savings into bitcoin. If the price of Bitcoin goes up, we could end up with more money than we initially invested.
Starting small is better than not starting at all. this is called DCA strategy learn more about this here (https://bitcointalk.org/index.php?topic=5466128.0).


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Smartvirus on November 17, 2023, 05:56:44 PM
There seems to exist a dilution in the minds of low income earners and those who have the impression that they don’t have enough to cater for their daily needs hence, invest in a highly unstable Bitcoin even when they know it’s a good investment.

In most cases, you have them hoping on a time, a time or more, a time when there resourcefulness can allow them that window of opportunity to take up the Bitcoin investment, a time they don’t even know to exists or could exist.
The bottom line to this is, you find them missing out on all the god opportunities of buying at a low and much better price than the later would present.

This is why there are denominations within Bitcoin and not capping it at the price for a BTC to be the least one can afford. There are the Sat denominations which in its accumulation over time could give you BTC1.
Take it up for a long term goal and use the DCA strategy to ensure you ain’t doing too much. Buy in bits and see far you would come in months.

You gain noting just sitting on the sidelines.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: m2017 on November 17, 2023, 06:01:36 PM
~snip
Nice post. I didn’t learn anything new for myself, but it will be useful for many beginners and those who doubt investing in a bitcoin. Especially those who don’t know where to start and how.

What you described is a classic scheme for completing any tasks and achieving goals. Slowly, gradually, step by step, a long and difficult path is overcome. Whether it’s simply accumulating coins in a piggy-bank, or when building huge corporations. Nothing is created or accumulated in one day. But every day brings that happy moment of achieving the goal closer.

I know what I'm talking about, because this topic is proof of it - Beginers dream of becoming a Legendary, and my goal is Hero. (https://bitcointalk.org/index.php?topic=5384338)

An important point noted by OP is that it is easier to take the first step (the first bitcoin purchase) for a small amount. I would even say that you need to start this way. This allows to test this technology, make sure that it is good and overcome some internal barriers that prevented you from doing this. I remember very well the moment when I wanted to make my first btc purchase, but I could not overcome my fear of the unknown and making a mistake, losing money by taking the wrong actions. A small purchase, I now realize, could help overcome this. But that moment has already been missed (bitcoin at 500-600$). Therefore, the first step should always be small. There is no need to try to jump over your head right away.

Well, the next stage is repeating these small steps (btc purchasing in small quantities). This also allows you to further average the average purchase price than if you bought once, but in larger quantities. There is no need to try to make one successful bet/ purchase. It is best to do this in periodically repeated small amounts.



Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: _BlackStar on November 17, 2023, 07:12:37 PM
Those who learn about Bitcoins and update the information for themselves every day will certainly come to the understanding that practice is always better than theory. Buying a small amount should motivate people to further study and invest regularly. Understanding that you are in the Bitcoin wave and owning it is certainly something many people want to have. But those who wait for the best price every time are probably burned by their expectations because they do not understand that the best price is called "now ”.
I can confirm your opinion that it is true. The fact is - buying in small quantities at regular intervals is something else called accumulation, it is advisable especially if they do not have a regular budget. They can buy 1 to 2 times a month on the dip - and this will certainly motivate them to grow and learn more about how the market works and so on.

Lump sum or periodic is fine as long as they are willing to do it - but most aren't brave enough to buy because they don't realize that now or now is the right time to do it. I suggest DCA if they are afraid of buying a lump sum if they are afraid of heights - to me it is a good choice to start.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: tjtonmoy on November 17, 2023, 07:59:02 PM
You cannot just buy land with $10 or any property to be exact. And in any kind of investment or business you need a good amount of money to begin with. If it's not enough, either you are unable to start or you may fail after starting for few days or months. But that's not the case with Bitcoin. And this is the beauty Bitcoin holds. You can invest as low as $5 to $10 and keep adding to your investment which in the future will become big. This is the one unique key feature that Bitcoin has which made it reach this far.

Many will argue that Bitcoin is not the perfect asset for investment, but this doesn't apply to everyone. If you have huge amount of money and you know nothing about Bitcoin or maybe you know but you don't have the ability to control your emotion and you are just unable to hold it for longer period of time, that is not the best choice for you. On the other hand if you are low on money and can't afford to invest a huge amount, Bitcoin is the perfect choice for you. Keep on adding to your investment until you reach your dream. This is why Bitcoin is the best.

Not your financial advisor, do your own search. I am not encouraging or discouraging anyone to invest in anything [DYOR]


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Bitstar_coin on November 17, 2023, 08:20:49 PM
Yeah, anyone who has such a mindset in this day and age should immediately change it otherwise they will keep on missing the opportunity to buy btc at different entry points.
Thanks to btc divisibility nature anyone can buy any amount of btc without needing to buy 1 full BTC. This should encourage small investors to own a fraction of the most groundbreaking technology in this present time. This type of post shows there is still more to do with btc awareness, after more than a decade of existence some people still don't know btc can be bought in fractions means there is more to be done.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: macson on November 17, 2023, 08:35:20 PM
I agree with you anyone can invest in bitcoin according there ability. Bitcoin not require a huge money for investment like million of  dollars. A bitcoin is made up of 1 crore satoshis.  So anyone who can buy Bitcoin for just $1 can buy hundreds of satoshis.  So if someone is afraid that he has a small amount of money which is not enough to invest in Bitcoin then I think he is completely ignorant about Bitcoin. Bitcoin is a decentralized coin and it gives freedom to everyone
there are several small units in bitcoin like satoshi and mbtc and i will usually use mbtc as my measurement when buying bitcoin because i am comfortable with it, to be honest there are a lot of people out there who think that to buy bitcoin they have to buy 1, i say that you don't need to wait to have money to buy 1 bitcoin, just provide a few hundred dollars to buy a small portion of bitcoin such as 1 mbtc or 1000 satoshi, maybe you can tell this to your other friends, when they are interested in investing in bitcoin but are having problems education that buying bitcoin doesn't have to be 1 bitcoin.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: serjent05 on November 17, 2023, 11:11:29 PM
You cannot just buy land with $10 or any property to be exact. And in any kind of investment or business you need a good amount of money to begin with. If it's not enough, either you are unable to start or you may fail after starting for few days or months. But that's not the case with Bitcoin. And this is the beauty Bitcoin holds. You can invest as low as $5 to $10 and keep adding to your investment which in the future will become big. This is the one unique key feature that Bitcoin has which made it reach this far.

Or worthless (just reacting on the bolded part), the future of Bitcoin is yet to be set in stone. So I believe most of us agree that Bitcoin's future is still uncertain.  Anyone can gain or lose money in Bitcoin investment and this does not separate Bitcoin from other forms of investment in terms of risk.  I am not against Bitcoin in fact I am supportive of it but I just wanted to keep myself in reality.

But I agree that Bitcoin and other cryptocurrency is unique since one can invest in Bitcoin in a very small amount and can start from there.

Many will argue that Bitcoin is not the perfect asset for investment, but this doesn't apply to everyone. If you have huge amount of money and you know nothing about Bitcoin or maybe you know but you don't have the ability to control your emotion and you are just unable to hold it for longer period of time, that is not the best choice for you. On the other hand if you are low on money and can't afford to invest a huge amount, Bitcoin is the perfect choice for you. Keep on adding to your investment until you reach your dream. This is why Bitcoin is the best.

No investment that has no risk, this also includes Bitcoin.  An investment without risk is considered perfect and obviously, Bitcoin which is known to also have risk is not a perfect investment in accordance with the context.

Although Bitcoin can be invested with minimum capital, there are still people who lose their capital in Bitcoin investment especially those who are into Bitcoin trading.

Quote
Not your financial advisor, do your own search. I am not encouraging or discouraging anyone to invest in anything [DYOR]

I also encourage everyone who are both new and old to the Bitcoin Industry to continuously do their own research and see for themselves the beautiful opportunities and features Bitcoin brings to the table and the risks involved in it.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: SatoPrincess on November 17, 2023, 11:11:35 PM
I agree with OP, you don’t need to be able to afford 1Bitcoin before you can buy. Bitcoin is currently sitting at a price well over $30k, not many people can afford to risk that amount to invest in Bitcoin, you can buy fractions of bitcoins and accumulate them overtime to make 1 whole Bitcoin, that’s the strategy many of us use to build our portfolio. This way, you buy at your own terms and don’t feel pressure to take loans or sell personal property to buy bitcoins.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: tjtonmoy on November 18, 2023, 06:26:50 PM
No investment that has no risk, this also includes Bitcoin.  An investment without risk is considered perfect and obviously, Bitcoin which is known to also have risk is not a perfect investment in accordance with the context.

Although Bitcoin can be invested with minimum capital, there are still people who lose their capital in Bitcoin investment especially those who are into Bitcoin trading.
I am specifically talking about Bitcoin hodling. Not trading. Every investment has its own risk and people invest by knowing that. I am not talking about that risk and saying that it's perfect and has no risk. I am talking about investment plan. The future of Bitcoin is uncertain and I agree with that 100%. But it has its own reputation. And what I believe is Bitcoin is here to stay and it's not going anywhere soon. Maybe in the future but it's a risk that we have to take. Bitcoin market being volatile makes it a high risk investment asset but not a high risk investment plan.

I think you got the point of what I am trying to say. You don't need huge amount of capital in order to invest in Bitcoin. For those people who are unable to invest huge amount, Bitcoin investment plan is the perfect one for them. But as always, one should never stop at only one thing. Diversification is the key and investing in multiple sector is recommended. Having low asset for investment does not give you the opportunity for diversification thus Bitcoin investment could be the perfect choice.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: oktana on November 18, 2023, 06:37:07 PM
The fact that one can hold as little as 0.00000001 BTC shows that Satoshi knew what he was doing. Even with the ATH we’ve had so far, the tiniest bit of Bitcoin is worth little to nothing. This shows that even DCA doesn’t have a minimum required amount. If you want to invest, just be consistent with it, after all some people could buy 1 whole Bitcoin but end of selling it too fast (that’s not investment). The quote “Little drops of water makes a mighty ocean” explains the power of DCA investment method.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: alastantiger on November 18, 2023, 06:47:04 PM
It doesn’t matter if you are a low net worth, low earning individual. You still want to avoid losing purchasing power of your savings don’t you. There is no better hedge than bitcoin so like you say OP, you can invest very little. If you are able to DCA for a number of years & be very patient, your money will do much better in bitcoin than it will sitting in the bank suffering from annual inflation.
As economists put it, I will say that bitcoin has a low entry. Literally anyone from any part of the globe irrespective of your economic status can invest with as little as they have. Simply saying that investing in bitcoin is very inclusive unlike other investments like gold or other precious metals, real estate, stocks and bonds, wrist-watches. Although this sounds great but there is a right and wrong way to invest in bitcoin. There is also a right and a wrong perspective about investing in bitcoin. You want to make sure that even though you can start investing with the little that you have, you want to invest the right way, like DCA and not keeping your bitcoins in centralized exchanges. In addition, the right mindset of investing in bitcoin is to not see it as a get-rich-quick-scheme.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: rachael9385 on November 20, 2023, 07:11:17 AM
investing in bitcoins in small amounts and gradually is the perfect way to invest in crypto, where by investing small amounts we can at the same time learn to be consistent in investing so that one day we will have 1 bitcoin or even more than our patience
This days, based on the economy of so many countries, it is hard to purchase a whole Bitcoin because of the economy are not stable to the liking of so many people, however if one can by just little as the op already said, and continue to accumulate the same amount of Bitcoin he or she bought at first, as long as it is not affecting the investor, then I don't see no reason for the investor to hold back.
Bitcoin is at the top of crypto currency in the marketcap and that means it is a good idea for us hold the ones we can even if it is not up to a hundred box or thousand box.
However, to achieve a whole Bitcoin, one really need to be so dem patient, because it can only take a discipline person nothing to achieve a lol he or she wants.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Septex on November 20, 2023, 08:34:00 AM
You can invest very small to small amount of money in Bitcoin if you have less resources. I have already profited from investing in Bitcoin. Through which I got positive idea about bitcoin and from here I got motivation. If you keep a small amount of money in the bank, there is very little or no profit from it. But by investing in Bitcoin you are most likely to make a profit.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: cryptoWODL on November 20, 2023, 05:05:19 PM
If you are in dam need to invest in Bitcoin, you can buy with as little as $10 and above. Bitcoin is divisible, meaning you can own some fractions, and not a must you will buy the whole of it.
Yes anyone can invest in Bitcoin with any amount they want.If someone wants to invest in bitcoins he can start from 5 dollars initially.
I am an small investor I started my first bitcoin investment with just $20 and it grew to around $100 but that was a long time ago.

Quote
I was inspired to write this topic seeing some of my close friends who had shown interest in buying some Bitcoin some time ago, talk about how they want to invest a significant amount of money, one of them even told me that the little he can start with is $200, and which he missed the opportunity to buy BTC when the price was around $25k in the process of waiting to buy when he has up to $200.
I bought $850 worth of bitcoins when the price of bitcoin was $25000 a few months ago and sold it when the price of bitcoin reached $35000.I could never have imagined that I would get so much profit from investing in Bitcoin in such a short period of time.Maybe I was one of the lucky ones that made it possible.
But the funny thing is that all the money I made from my Bitcoin profits I spent on one of the most important things in my life, my wedding.
My family and people in my area have become very interested in investing in Bitcoin after hearing that I will earn all my wedding money from my Bitcoin.They now want to invest with me.

Among the people around me, I have some friends who are educated and working in various small companies.After my friends and people around me wanted to invest in bitcoins, I told them that you can start investing by buying only $20 or $30 worth of bitcoins.All of them were encouraged by this and three to four people bought bitcoins.
I told them that bitcoin investment should be done for long term and they accepted that too and wanted to invest for long term.



Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Sayeds56 on November 20, 2023, 05:26:12 PM
If you are in dam need to invest in Bitcoin, you can buy with as little as $10 and above. Bitcoin is divisible, meaning you can own some fractions, and not a must you will buy the whole of it.
I was inspired to write this topic seeing some of my close friends who had shown interest in buying some Bitcoin some time ago, talk about how they want to invest a significant amount of money, one of them even told me that the little he can start with is $200, and which he missed the opportunity to buy BTC when the price was around $25k in the process of waiting to buy when he has up to $200.

So I guess we have plenty of people who are interested in investing in Bitcoin today but have this kind of mindset, and they want to start investing only with a huge sum amount of money and in the end, the money never gets completed the way they want it and these make them keep missing out on buying opportunities at this cheap price we have for a year plus now.

Bitcoin is created in such a way that you can invest even with as little as $10.
If You face this challenge, you can try out this method to achieve your investment goal in Bitcoin, which is saving some money in a Box and which some people found yielding positive results in the end, and believe me, with time, your goal will be met too if you properly apply this method of saving.

For instance, back then, There was a time when I wanted to save money for something crucial, so I gave myself a six-month target to achieve that, I started cutting down those unnecessary expenses of mine and started saving those side changes in a box, and after that duration of six months, guess what? I marveled at the amount of money that I saved in that box.

So what does that tell you?, it tells you that if you want to invest in Bitcoin but don't have that Big amount of money, give yourself a target and start buying with the little you have $10, $20, 30, $50 and above depending on what that suits your income, I promise you from my experience you would be amazed in the end with the amount of BTC you would accumulate for that 3 months, 6 months or even in 1 year you would give yourself.

The bottom line is that it is better to start buying now with the little money you have than waiting and the time passes by.
Bitcoin is still fucking cheap right now to compare the price it would be in the future.

Hope this can encourage someone who may find him or herself in such a situation.


Your message serves a great reminder and encouragemnt for all those who think that they need a large amount of money to get started their investment journey in Bitcoin. It is true that buying a complete Bitcoin is a dream for average salried calss individuals, but it is possible to start accumulating fraction of Bitcoin (Satoshis) even with modest amount like $10 but it should be done on regular basis by following the Dollar Cost Average (DCA) strategy. This strategy is universally recognized as effective method to achieve financial stability. By regularly investing small amounts overtime, we can steadily build our Bitcoin holdings and participate in the crypto currency market without the need of large amount for initial investment.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: JoyMarsha on November 20, 2023, 06:57:46 PM
You have said my physical campaign awareness on bitcoin to people. A lady met me one day and Sid someone told her that for her to own a bitcoin she has to purchase it with the minimum of $4,000 USD and immediately I have to reconciled that mentality from her and told that she can invest with any form from $5 US dollar and that should be depends on the current dollar exchange rate and after the orientation she was very happy and took my number so she can call me to start the investment.

Yes many people have that misconception that it is only big amount can be used to invest in bitcoin but that is not true. In my country of you have #4000 which is equivalent to $5. Though I don't blame them because they are ignorant of the ecosystem.
The misconception about bitcoin is the most common challenge we hear or face more from those who are less enlightened about bitcoin. Due to misconception, so many people have held false emphasis on Bitcoin from what they have heard from gullible people and they are holding on to that for so long and that keeps denying them the opportunity to know and invest in bitcoin. The heartbreaking of it all is that they don't want to google on their own to know whether what they are being told about bitcoin is true or false. They keep holding on to that belief(false words) without doing research on their own on why bitcoin is to be so.

This is the reason why, the awareness of bitcoin is very important and it is to be spread around your locality because nobody knows who the awareness of bitcoin will be of help in their future investment in bitcoin tomorrow. Now, telling someone about what they should know about bitcoin rather than being ignorant of it.

Now you have told the lady that she can invest in Bitcoin with any amount as low as $5, I believe she can tell that to others too. That will help in a way for people who want to invest in Bitcoin with little they have for long-term purposes.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Yatsan on November 20, 2023, 08:49:52 PM
Definitely one of the biggest misconception not only with Bitcoin but also with other investments or assets. people already have that idea that they should invest more in order to earn more. Well, that's valid, however, would you be choosing no profit at all than earning even a small amount from a low capital? Sometimes people are just looking with big profit but are not willing to take the risk to invest. People have the idea that if the profit is small they'd just don't want to be realistic that risk will always be present especially to something with high market price volatility. We just have our privileges and circumstances. To those who has a large capital then it's good for them but will never and should never be a hindrance of earning a little with small amount of money.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: DabsPoorVersion on November 21, 2023, 11:06:14 AM
It's one of the most important things to know especially for those who want/planning to start investing in Bitcoin. Fractions of a bitcoin can also be bought, meaning, it's not required to purchase a whole Bitcoin to start investing. Doubt starts from this misconception and makes them think twice about whether to proceed with the investment or not.

That's why it is important to do some research when investing to at least be informed about this kind of information. Not only on the type of investment we will make but even with the basic information like this.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Inwestour on November 21, 2023, 12:40:00 PM
It's one of the most important things to know especially for those who want/planning to start investing in Bitcoin. Fractions of a bitcoin can also be bought, meaning, it's not required to purchase a whole Bitcoin to start investing. Doubt starts from this misconception and makes them think twice about whether to proceed with the investment or not.

That's why it is important to do some research when investing to at least be informed about this kind of information. Not only on the type of investment we will make but even with the basic information like this.
It is not enough just to know that Bitcoin can be bought in small parts, you also need to know when to buy and when to sell, unless of course this is an investment for decades. People generally don’t buy Bitcoin not because they think they need to buy a whole Bitcoin, but because investing is something they don’t understand, and in the case of Bitcoin there are a lot of difficulties with safe storage of coins and responsibility for this.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Youngkhngdiddy on November 21, 2023, 07:43:23 PM
It is not enough just to know that Bitcoin can be bought in small parts, you also need to know when to buy and when to sell, unless of course this is an investment for decades. People generally don’t buy Bitcoin not because they think they need to buy a whole Bitcoin, but because investing is something they don’t understand, and in the case of Bitcoin there are a lot of difficulties with safe storage of coins and responsibility for this.
   You are right mate, knowing when to invest is very important this still fall to having the knowledge about what you’re about to invest, and even when you have the idea of investing long term, starting with a tangible capital is a key factor because of  the volatility of the market, if you are starting with a little capital and you have the idea of holding for a long time there is every tendency that you might see liquidation,  but with tangible capital and proper knowledge of the market, you can scalp what ever profit the market will bring. 
  People need to be aware of the risk involve in investing just like every other businesses it’s either you get profit or you get lost, most businesses run to lose because of lack of proper structures same implies with bitcoin investment if you lack proper understanding and knowledge about the space you will end up making errors and remember that this errors cost money too as well. There’s is no rush to invest and they are no late comers, if you are short on capital to kickstart the project do not panic or feel your are behind, get your capital ready then gather the necessary resources and knowledge for your advantage.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Natalim on November 21, 2023, 09:27:01 PM
There is always a way to invest in Bitcoin if we really want it but if we always think that it is expensive and can't afford it, really it never works.
Well, investing is just for those individual who think about their future, not those who always have a reason to decline. Well, we can't force them either OP but at least hearing this advice makes them think and at least could open their minds and consider the opportunity. Otherwise, they can be like those people who feel regret and blaming themselves why they don't invest in Bitcoin while the price is just $20k, $30k.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Renampun on November 21, 2023, 09:54:59 PM
It's one of the most important things to know especially for those who want/planning to start investing in Bitcoin. Fractions of a bitcoin can also be bought, meaning, it's not required to purchase a whole Bitcoin to start investing. Doubt starts from this misconception and makes them think twice about whether to proceed with the investment or not.

That's why it is important to do some research when investing to at least be informed about this kind of information. Not only on the type of investment we will make but even with the basic information like this.

several people have made comments on my Facebook account, they said they were interested in bitcoin but when they saw the price they withdrew, they said they couldn't afford to buy it but I explained patiently that you are not required to buy 1 bitcoin, you can just buy bitcoin. 0.01 - 0.001 and even 0.0001 bitcoin, this is why I say education about bitcoin is very important so that people out there don't see bitcoin in a scary version because only a few percent of people in this world can afford to buy 1 bitcoin fully.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Kasabus on November 21, 2023, 09:59:38 PM
Bitcoin investment does not require you to buy instantly the whole bitcoin. That's too expensive for any beginner investor and that will only put you at a high risk of losing. Learn to start a little, and start with an amount that you can simply afford to lose. After all, the real challenge in any investment is how to grow your investment throughout the years, and not because you started it big, that guarantees that your investment profits will forever be big.

Remember that majority of the successful investors have started from the scratch, and that most of them have even a hard time providing for a capital.  But that never stop them from investing, but learning to invest at your small spare money could create a good start. The important thing here is you take the risk to invest, and not like others who have keep missing opportunities because their reason is they're not ready to invest and lose.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: DabsPoorVersion on November 22, 2023, 06:15:11 AM
It's one of the most important things to know especially for those who want/planning to start investing in Bitcoin. Fractions of a bitcoin can also be bought, meaning, it's not required to purchase a whole Bitcoin to start investing. Doubt starts from this misconception and makes them think twice about whether to proceed with the investment or not.

That's why it is important to do some research when investing to at least be informed about this kind of information. Not only on the type of investment we will make but even with the basic information like this.
It is not enough just to know that Bitcoin can be bought in small parts, you also need to know when to buy and when to sell, unless of course this is an investment for decades. People generally don’t buy Bitcoin not because they think they need to buy a whole Bitcoin, but because investing is something they don’t understand, and in the case of Bitcoin there are a lot of difficulties with safe storage of coins and responsibility for this.
Of course, that's part of their learning journey with Bitcoin. Knowing when to buy/sell/trade Bitcoin is part of the basic knowledge. But as I have said, this is a misunderstanding from newbies even with the basic knowledge where on how to invest in Bitcoin or in any other cryptocurrency, they still don't know how to start investing as they think they need to invest a whole Bitcoin which is impossible to afford to start their investment.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Outhue on November 22, 2023, 07:20:24 AM
This brings back some memories, when people hear the price of bitcoin it becomes a big turn off for them, and if you try explaining that they can buy some part of 1 BTC they will lose interest, everyone seem to want the 1BTC but couldn't afford it yet they believe it makes no sense to buy 0.5BTC, this was how someone in my family missed a big opportunity years ago, I tried confusing her to do it but she kept saying she can't buy 1BTC, the lack of knowledge about how bitcoin works is the biggest problem for many people.

Today its now extremely harder to buy half of 1 BTC, and I am positive that in the next two years it will be even more harder to get 0.5BTC, it will feel almost impossible for those who are not millionaires, if you don't know something I expect you to do some findings to your questions and doubts but instead people will make up their minds based on nothing.



Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: eightdots on November 22, 2023, 03:26:02 PM
Definitely one of the biggest misconception not only with Bitcoin but also with other investments or assets. people already have that idea that they should invest more in order to earn more. Well, that's valid, however, would you be choosing no profit at all than earning even a small amount from a low capital? Sometimes people are just looking with big profit but are not willing to take the risk to invest. People have the idea that if the profit is small they'd just don't want to be realistic that risk will always be present especially to something with high market price volatility. We just have our privileges and circumstances. To those who has a large capital then it's good for them but will never and should never be a hindrance of earning a little with small amount of money.

Making a profit, even a little, is better than making no profit at all. This also helps us learn about our psychology when investing. We may be investing a small amount today, but tomorrow we may have the opportunity to invest a large amount. It is necessary to gain experience to be ready for such situations.

Experience cannot be bought with money, so we need to gain experience to improve ourselves. Amount is important in investment, but not everyone can risk high amounts or have the opportunity to invest high amounts. Even making a small profit is better than doing nothing.


Title: Re: Start with the little you have, you don't need millions of dollars to own BTC.
Post by: Victorik on November 22, 2023, 04:17:20 PM
This advice will work best for those who intend to hodl BTC for a very long term, not for those who would like to swing. Because the profit on 10$ worth of BTC will be very discouraging. But for those who wanna accumulate BTC with spare funds, this is a brilliant idea, before long, their bag would have swollen, if they remain consistent.