[STOP] My Challenge with small investment in bitcoin

[wajik-tempe]

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

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[tokyohd]

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

[mr500]

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.

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

[leea-1334]

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.

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

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

[michellee]

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

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

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

[oktana]

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

[Tigerheart3026]

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

[jrrsparkles]

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

[Botnake]

I will continue to monitor this thread. It's very interesting. and want to know the small journey of bitcointalks investors. It will also add to my insight from your investment experience.

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

[Oasisman]

You can buy bitcoin with any amount you have and infact trading crypto seems the best part time jobs for third world country people since they lost job or not making enough.

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

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

[riso2015]

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

[Roast.Finance]

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

[jrrsparkles]

You can buy bitcoin with any amount you have and infact trading crypto seems the best part time jobs for third world country people since they lost job or not making enough.

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

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

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

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

[Cryptmuster]

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

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

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

[carlisle1]

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

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

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

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

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

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

[romero121]

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

[wiss19]

I will continue to monitor this thread. It's very interesting. and want to know the small journey of bitcointalks investors. It will also add to my insight from your investment experience.

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

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

[Fatunad]

You can buy bitcoin with any amount you have and infact trading crypto seems the best part time jobs for third world country people since they lost job or not making enough.

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

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

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

[CaVO32]

You can buy bitcoin with any amount you have and infact trading crypto seems the best part time jobs for third world country people since they lost job or not making enough.

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

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

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

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

[Rengga Jati]

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.

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

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