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Author Topic: I bought my first 500 us dollars Bitcoin!  (Read 496 times)
patientforzhou
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May 19, 2021, 03:46:14 AM
 #41

We don't lose if we don't sell! My btc dumped in USD terms but i still have the same amount of sats. Grats on your first purchase & welcome!
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May 19, 2021, 03:46:31 AM
 #42

Yeah. Thanks for reminding me of my $100 worth BTC purchase on the range of 60k.
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May 19, 2021, 04:42:31 AM
 #43

The best thing to do right now is to keep investing a small amount of your spare money in bitcoin or other well known altcoins. Maybe try Ethereum. You won't be disspointed.

I will not recommend spending your money on altcoins right now. Because whenever we have a bearish phase with Bitcoin, it has been noticed that the altcoins go down even more. And I am expecting a bloodbath in the altcoin market, because during the last few months most of the altcoins have gone up much beyond their fair valuation. The bubble has to be burst, sooner or later. If you want to accumulate, then do that during the correction phase and not right now when the valuations are inflated.

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May 19, 2021, 08:35:13 AM
 #44

So happy with dip that I could buy this dip because of him!! I am sorry guys if you lost some % on your BTC but this was good for a poor person like me.
If you have waited more hours then you might Get more cheaper value for Bitcoin , today it even fall down to 39,000 level compared to 47k yesterday.

500 dollars that were invested in the best way.
Yeah if we will contribute 500$ each for Bitcoin then for sure price will increase too mush in the next years









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May 19, 2021, 08:38:58 AM
 #45

I don't know if we are at the bottom right now. I hope so and after that bitcoin starts to rise. Otherwise, we may encounter a damage that will not recover for months.

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May 19, 2021, 08:52:28 AM
 #46

Well congratulations on your first $500 Bitcoin investment,
And good thing you know where to invest and hope that you could make it grow.
I hope you wouldn't be blinded by greed and turn it all into Doge when it gets another tweet from Elon  Grin .
As a newbie, I think that this person is going to be prone to temptation when the prices aren't seem favorable to OP. I hope that it will not be the case but I don't have the high hopes that OP will have a strong hands, especially now that the prices are plummeting.

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May 19, 2021, 11:56:33 AM
 #47

After seeing your post, I bought Bitcoins worth $1300. This is my first ever investment! Let's see what happens until Dec 2021. Fingers crossed!
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May 19, 2021, 12:06:14 PM
 #48

Buy bitcoin as early as we can and become early bitcoin adopters is very big advantage. Even if you only hold your btc and don't do anything you will gain profit from the increasing price caused by it's deflation. I really hope that there is someone that have enough experience in bitcoin market help you, so you know when is the good time to enter the market and when is the good time to take profit. I think taking position in trading is a crucial thing.

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May 19, 2021, 01:10:17 PM
 #49

So happy with dip that I could buy this dip because of him!! I am sorry guys if you lost some % on your BTC but this was good for a poor person like me.
Congrats mate. It’s nice that you’re taking this opportunity and I know you’re not going to be regretting the decision you took later, because I strongly believe that there is still going to more increase. As long as you’re ready to have patience, the market never stops going up, even with downtrends, you have to understand that it is not the end. After going down the price is still going to get back up. That’s a sure thing.

So, always try to have patience. And apart from having patience you should also learn to be doing your research/analysis, because that’s going to help you understand the market better, so that you don’t make mistakes.
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May 19, 2021, 03:57:41 PM
 #50

And your $500 is now worth $400.  Sorry.

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May 20, 2021, 08:30:35 AM
 #51

I have a question, did you sell your Bitcoins when the market was heavily bearish?
My advice is that if you haven't sold it, keep holding it as we all know that Bitcoin is an asset that is more suitable for long-term holding than for trading. Especially for newbies who often do not have a good enough mentality to hold an asset with high volatility like Bitcoin, crypto.
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May 20, 2021, 08:36:24 AM
 #52

I have a question, did you sell your Bitcoins when the market was heavily bearish?
My advice is that if you haven't sold it, keep holding it as we all know that Bitcoin is an asset that is more suitable for long-term holding than for trading. Especially for newbies who often do not have a good enough mentality to hold an asset with high volatility like Bitcoin, crypto.

Hopefully de won't do that after purchasing his first portion of   bitcoin, The market still red but it's trying to

move upward a little, if you can hold it for lnger time frame your investment will give you very decent profits.

Though it may take some time, a week or another month very possible but if you are aiming for decent profits

best to wait and hold.
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