[STOP] My Challenge with small investment in bitcoin

[Imran232]

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

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

MY INVESTMENT


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

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

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

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

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

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


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

Every week after investment i will update on this thread.

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

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


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

[suryana]

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

[mk4]

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

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

[passwordnow]

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

[pinggoki]

Back when I was still a guy working his 9-5 I used to do a financing technique I saw on the internet called 50-40-10. Every salary, I would save 50% of it no matter how big or small and then invest 10% of it through my assets. The 40% I use for my daily finances and that usually got me through the month without issues. I understand that some people may not be able to do the same technique I did so I would suggest you do your own budgeting and if you really want to invest, setup a plan that would allow you to do so, because there's no way investing will adjust for you.

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

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

Not gonna lie this was my excuse before I made my mind up and adjusted to whatever led me to this point. I wouldn't downplay the effects and burdens that poverty will incur you, but it really helps to adjust and not let your circumstances take control of your life because if you allow it to happen, it would happen. The choice is always up to you. These mindsets had allowed me to at least live alright for myself, and if you find a way for you to be able to invest or save money as well, I would guarantee you that it is worth all the trouble.

[jakdanyel]

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

[mk4]

Not gonna lie this was my excuse before I made my mind up and adjusted to whatever led me to this point.

...

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

[pawanjain]

Back when I was still a guy working his 9-5 I used to do a financing technique I saw on the internet called 50-40-10. Every salary, I would save 50% of it no matter how big or small and then invest 10% of it through my assets. The 40% I use for my daily finances and that usually got me through the month without issues. I understand that some people may not be able to do the same technique I did so I would suggest you do your own budgeting and if you really want to invest, setup a plan that would allow you to do so, because there's no way investing will adjust for you.

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

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

Not gonna lie this was my excuse before I made my mind up and adjusted to whatever led me to this point. I wouldn't downplay the effects and burdens that poverty will incur you, but it really helps to adjust and not let your circumstances take control of your life because if you allow it to happen, it would happen. The choice is always up to you. These mindsets had allowed me to at least live alright for myself, and if you find a way for you to be able to invest or save money as well, I would guarantee you that it is worth all the trouble.

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

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

[sam00]

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

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

[dansus021]

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

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

[michellee]

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

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

[Lucius]

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

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

[Maus0728]

I might still consider another strategy, so if I already have $200 to spend each month - why not try the "buy every dip" strategy?

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

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

[Apocollapse]

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

I hope I'm wrong here.

[The Cryptovator]

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

[marilynmanson21]

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

[BlackHatCoiner]

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

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

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

[masterrex]

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

[bittraffic]

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

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

[rozak]

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

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