[STOP] My Challenge with small investment in bitcoin

[famososMuertos]

I congratulate you on your challenge, but acquiring 1 BTC does not have to be a challenge, it is a reality that is feasible or not according to your possibilities.

Getting bitcoin is not rocket science, it is simply buying, and you plan as you maker it with any other good you want, that planning leads you to determine if you really can and in what time.

The challenge mode in its individuality as a result only serves to prove to yourself that you achieved your goals.

I think that You just have to motivate the use of bitcoin and teach that if you cannot buy 1 BTC you can acquire a part of the 100,000,000 million satoshi, there is no excuse, seriously the real challenge is to give an excuse not to have 1 satoshi.

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[molsewid]

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.

It was such an inspiring story that proves bitcoin is not intended only for those who can afford easily but also for those who strives to afford it even in small steps at a time. Actually the current market price of bitcoin doesn't determine if its worth it to invest or not because investing in bitcoin will always a good decision. Today, owning a single bitcoin will probably cost a much but who says no one could have even a cents of bitcoin right, and as it is invested in a long run and continuously added a portion of bitcoin a 1btc is possible.

[leea-1334]

I congratulate you on your challenge, but acquiring 1 BTC does not have to be a challenge, it is a reality that is feasible or not according to your possibilities.

Getting bitcoin is not rocket science, it is simply buying, and you plan as you maker it with any other good you want, that planning leads you to determine if you really can and in what time.

It is definitely a mathematical challenge for most of us here,,, assuming we are mostly in the Eastern Hemisphere where $40k is a lifetime of savings for majority of the population

Even with regular DCA if you started like me in 2017 it is still not yet achievable, the rate of "collecting" keeps going down every year. I hope to reach it early after the next halving if I calculate well, assuming Bitcoin never goes down below 20k and never goes up above 100k  

[Jawadu]

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)

Honestly, the OP and your comment powered me up! Many of us (with small capital) think it's a must to invest in BTC with a large capital so that we can earn good profit and grow, but now I understand if we behave well we can start with a small amount and grow it slowly. I'm inspired because this is the second topic I'm reading here in BTT about small investments, the first topic the OP says he adds $10 every week to his investment, he started with $25 per week but today he has $600, and that happened not for years, but months!

I think it's my time now to do something, I saw two posts with almost the same strategies so I believe it's my time.

[jrrsparkles]

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...

Compounding strategy is something that you keep adding your returns/profits to your capital back so that you can get better cushion while making your trading decisions. I don't know where you get the stats of 9/10 people are failing?

Trading isn't a rocket science so anyone can understand the basic things in very short time but with the experience they can master at it and I am not suggesting anyone to invest all their life savings into the crypto trading then you can become a millionaire in the next year, its just can be another source of income which is easier to do since we don't need lot of time to do it, we can trade from anywhere only need is the internet access.

[Rengga Jati]

-snip-

It was such an inspiring story that proves bitcoin is not intended only for those who can afford easily but also for those who strives to afford it even in small steps at a time. Actually the current market price of bitcoin doesn't determine if its worth it to invest or not because investing in bitcoin will always a good decision. Today, owning a single bitcoin will probably cost a much but who says no one could have even a cents of bitcoin right, and as it is invested in a long run and continuously added a portion of bitcoin a 1btc is possible.

Yeah, it's.
We must appreciate the people who open their eyes and mind to understand Bitcoin investment. Sometimes, they feel afraid to buy Bitcoin because of the high price, and they prefer to choose new shitcoins that have a very low price. That's ironic, but we cannot blame them 100% because maybe they really don't know about it or only focus on the hype that they got.
Yes, it is possible to buy or accumulate 1BTC for everybody, everyone has that chance, but the difference may be about the moment or the time when it will be.

[Silberman]

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

I disagree, while it has been demonstrated many times that this kind of strategy will work in bitcoin, and I have no doubts it will keep working as the price of bitcoin will keep increasing, there is no guarantee this is going to work with altcoins, maybe if you are talking about ethereum then this could be worth considering, but when it comes to any other altcoin we do not know if they will hold their value for the long term, but the evidence points towards this not being the case and as such it will be a huge mistake when you can do the same with bitcoin at almost no risk for you.

[24Kt]

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

I disagree, while it has been demonstrated many times that this kind of strategy will work in bitcoin, and I have no doubts it will keep working as the price of bitcoin will keep increasing, there is no guarantee this is going to work with altcoins, maybe if you are talking about ethereum then this could be worth considering, but when it comes to any other altcoin we do not know if they will hold their value for the long term, but the evidence points towards this not being the case and as such it will be a huge mistake when you can do the same with bitcoin at almost no risk for you.

It depends on the user himself, whether he wants to get a hold of other promising alts like ETH or BNB. But I do agree that most alts ended up bad. Only few of them are worthy to hold and sometimes it is hard to know which one is/are better to hold long term. So with the decision of the OP to hold bitcoin, I have no qualms about that. It is his money and it is his strategy. Each one of us here anyway has strategies to increase our portfolio.

[Shenzou]

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

I disagree, while it has been demonstrated many times that this kind of strategy will work in bitcoin, and I have no doubts it will keep working as the price of bitcoin will keep increasing, there is no guarantee this is going to work with altcoins, maybe if you are talking about ethereum then this could be worth considering, but when it comes to any other altcoin we do not know if they will hold their value for the long term, but the evidence points towards this not being the case and as such it will be a huge mistake when you can do the same with bitcoin at almost no risk for you.

It depends on the user himself, whether he wants to get a hold of other promising alts like ETH or BNB. But I do agree that most alts ended up bad. Only few of them are worthy to hold and sometimes it is hard to know which one is/are better to hold long term. So with the decision of the OP to hold bitcoin, I have no qualms about that. It is his money and it is his strategy. Each one of us here anyway has strategies to increase our portfolio.

I don't think that BNB is a good example here for holding for a long time, considering that it is a coin related to binacne which is an exchange, but never the less choosing the right coin to invest in is not a problem the problem is funding, and the op has said that he is investing 200$ each month which is a big amount for so many people, i really think that you can really make some profit just from investing with smaller amounts.

[juliepower]

I am planning for a small investing let's pray it's gonna be successful. Also it's a challenge for me because I can not afford to loose and prove to people that it can be a good investment and successful investment.

[Congyang]

that BNB is a good example here for holding for a long time, considering that it is a coin related to binacne which is an exchange, but never the less choosing the right coin to invest in is not a problem the problem is funding, and the op has said that he is investing 200$ each month which is a big amount for so many people, i really think that you can really make some profit just from investing with smaller amounts.

but if you look at the current progress, I think even though binance is actually an exchange, BNB is good enough to be adopted.
apart from its much lower capitalization than Bitcoin, BNB if I'm not mistaken they implement a coin burning system every 3 months.
and this is very beneficial if we talk about the long term, because indeed every burning automatic supply from BNB will decrease and we all know when their coin supply decreases automatically the coins will become scarce and you know the result if the coins have become scarce what kind of movement price.

[verita1]

Thanks for this inspiring post. Because with your ideas you help others to think that anyone can invest in
bitcoin with a tiny investment.

Inflation and lack of employment is a difficult situation in society that bitcoin can fix is the solution that investors are taking. Society needs to educate itself today more than ever, it is easier to access information and knowledge thanks to the internet.

I think we are getting closer to people around the world making the best decision which is to invest in bitcoin and the crypto space.

[Ziskinberg]

I think we are getting closer to people around the world making the best decision which is to invest in bitcoin and the crypto space.

We're still far from it, that was the truth.
We'd come to say that many had known about Bitcoin, about cryptocurrency but are they investing now? Not all of them, many we're still in doubt and we can't force them either.
Some people invest in Bitcoin even they just have a limited source of income because of the trust which is somewhat important in this. This is not a contest to who will get 1Bitcoin and OP is sharing his investment strategy as if he will able to continue this then surely has come possible.

[carrigan]

That's a good thing. With a small capital that you have little by little you get profits and your money increases. It doesn't matter if you only have a small capital but continue to be occupied it will lead to good things. Your experience gives a lot of hope and opportunity for those who also only have small capital to continue to struggle in this cryptocurrency. Crypto can make people rich and at least can be an additional income to make ends meet.

[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.

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.

Compunding method/strategy doesn't guarantee a return there is always risk, and you can't take away the fact that trading in cryptocurrency is very risky. I don't know where you get those "many" people have earned good profit even with just a "few" days of experience in trading. Few days doesn't give you the whole picture of what a crypto market is capable of.

Well, I don't know If you're really talking about reality or not.
I could be wrong here, by sure I'm not the only person who sees trading as a difficult profession (at least at the earliest stage of your trading career).

[Kakmakr]

I think the misconception that you need to buy a whole Bitcoin to invest ..is driving people to buying cheaper Alt coins. That is one of the reasons why people were buying Bitcoin Cash... and one of the marketing strategies of the people behind those tokens.

The Crypto Exchanges are making a lot of profit.. so I cannot see why companies like Coinbase or even smaller local exchanges, cannot create marketing videos to explain to people that they can buy say $10 of Bitcoin.    (Put some ads on television to educate people)

In any way, I think OP's strategy are flawed, because a fixed monthly investment is the wrong way to invest. We have a saying... buy low and sell high. (You can still keep your fiat currency on your exchange and then wait for the price to go down.. before you buy some coins... this strategy force you to buy high.. because you have to buy every month.. not when the price is low.  

[Wawa2013]

That's a good thing. With a small capital that you have little by little you get profits and your money increases. It doesn't matter if you only have a small capital but continue to be occupied it will lead to good things. Your experience gives a lot of hope and opportunity for those who also only have small capital to continue to struggle in this cryptocurrency. Crypto can make people rich and at least can be an additional income to make ends meet.

It's true that there is no problem investing in Bitcoin with small capital, because we don't have to buy 1 BTC to be able to invest. We can buy
Bitcoin according to our financial capabilities, or if we have small capital we can buy Bitcoin gradually. Suppose we are only able to set aside $50
every month from the salary we get, it doesn't matter, we can buy Bitcoin every month with $50. If accumulated in a few years, the results will be
great too. Because the price of Bitcoin is expensive now, so it's best to invest long term if we want to get a big profit from Bitcoin.

[bixiiMaphi321]

Appearing more than 10 years ago, Bitcoin is considered the first cryptocurrency in the world, in fact has increased in value and is increasingly used. However, as it has become an investment, Bitcoin has potential for both profit opportunities and risks. These days, everyone can afford to invest in bitcoin and it's not a delay. Because we believe bitcoin still has the potential to have better value in the future. You don't have to be rich to invest in my opinion. But if you are a good financial manager I am sure you will be successful and make a profit. We believe in BTC so make sure you can make a profit whenever the bull market turns around. If it were me, I would only buy whenever there is a drop in price, not weekly. Those who are doubting are usually middle class or working class will find it difficult to trust BTC as an investment act. It will take a lot of encouragement and hard work to get them to invest. The probability of success is that they believe in dropping coins in their piggy bank rather than buying BTC.

[Sollaes]

We have a very similar situation as I am almost of the same age and have a small capital. Personally I do yield farming on Puncakeswap with APY about 50% in BNB-Cake and on quickswap with APY 70% (matic/usdc). It is said, that those, who don't have big money, should invest their time, so it is good that you learn how to investigate this market. I get experience by participating in Airdrops and ambassador programs.

[Marykeller]

You just set up a good future investment plan and strategy through Bitcoin which is a favourable idea that will end up paying bountifully. Very soon you will see a mega result.
Any small-dollar investment in Bitcoin today might turn out big tomorrow. So be calm and patient while you hodl