[STOP] My Challenge with small investment in bitcoin

[yazher]

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.

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

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

[Lucius]

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.

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

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

[sam00]

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.

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

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

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

[KaliLinux]

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) Upcoming

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.

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

[Mpamaegbu]

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

[Hasan905]

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) Upcoming

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.

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

[Peanutswar]

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

[Shasha80]

~

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

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

[AicecreaME]

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) Upcoming

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.

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

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

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

[tygeade]

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

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

[sherenikaw]

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

[Slow death]

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

[AakZaki]

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.

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

[blackened515]

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

[Ararbermas]

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

[macson]

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

[uneng]

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

[zaesvlas]

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

[7788bitcoin]

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

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

[Rajamuda]

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