Bold step to invest my fiat in Bitcoin

[Texac]

Congratulations mate on your first Bitcoin purchase. it's indeed a bold step in the right direction. One most striking benefit of Bitcoin is it's divisibility which enables both the high and low income earners to buy the coin. Just keep increasing your coins based on your income, keep them in a safe wallet and wait patiently. Who knows, you might make so much profit in few years. It is also important to note that Bitcoin doesn't guarantee financial freedom but it could be part of your financial freedom plans. That's why it is important to diversify your income base. All the best bro.

Bitcoin doesn't guarantee financial freedom but it makes the journey to your financial freedom easier, I don't see anything as profitable as Bitcoin investment, not from Real estate, not any Stocks, Bitcoin stands out from the others.

There is a fact that shouldn't be ignored though, that is the more you invest in Bitcoin the better your reward in few years time, everyone has his or her own amount that they can afford to lose but constant DCA is the best strategy, because the period to DCA into Bitcoin is limited, a time will come that it will be too late to buy, until the next bear market returns.

Do not invest small amount and lock up, thinking it's enough, remember that you are hoping for a brighter future that's why you are investing, so whenever you make good amount of money and you can afford to lose a part, make sure you invest that back into Bitcoin.

Bitcoin's returns are bigger than all traditional investments and that's why we all choose bitcoin over other investments.  but the higher the return, the higher the risk, there is no asset that offers high returns that is safe. therefore, investing more in bitcoin will give you a better chance of getting a bigger profit, but don't forget that if you fail, the loss will also be bigger.  Bitcoin no matter how good is risky so only invest with money you can lose and don't affect your life.

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[Obari]

I also understand  the thread of buying buying their first bitcoin  is getting boring and maybe irritating to you but this isn't the best way to caution a newbie trying to get people share in his joy.

Yes you are right @Obari, indeed sometimes it seems boring for some people because some of these people often see threads similar to this, but threads like this about owning Bitcoin can be very proud and joyous moments for OP and sometimes threads like this can motivate newbies those who just joined can immediately buy and invest in Bitcoin like OP did.
Everyone is free to convey something as long as it is still in accordance with the discussion board, for those who don't like threads made by someone because the topic of the thread is often seen by them, they shouldn't need to discourage the thread maker especially if the thread maker is a beginner, they should be those who don't like it they can just skip the thread or they can congratulate and provide suggestions for the future so that beginners can develop better in making discussions.
However, everyone has their own way of expressing opinions and I respect these various ways as long as they don't contain racist elements.

I'm glad you also fall in my circle of opinion but don't mention exchanges while talking about storing coins.
I wish alot of people especially  highly ranked accounts will be considerate with this newbies and also understand  that there are alot of people who get joy on little things which includes owning coins.
On the other hand, the newbies shouldn't take my defense to back up posting rubbish and spamming the board and I understand  that everyone wants to grow in the forum and be reputable but it we all also have to understand that we have to patience and follow due protocol.

[taufik123]

Bitcoin's returns are bigger than all traditional investments and that's why we all choose bitcoin over other investments.  but the higher the return, the higher the risk, there is no asset that offers high returns that is safe. therefore, investing more in bitcoin will give you a better chance of getting a bigger profit, but don't forget that if you fail, the loss will also be bigger.  Bitcoin no matter how good is risky so only invest with money you can lose and don't affect your life.

This is because of Bitcoin's high volatility compared to other Investment Platforms.
High volatility makes the price of Bitcoin experience a very fast increase and decrease.
High returns and fast losses will be felt.

If you are not ready for the risk then don't try to enter.
Ordinary people enter because they are tempted by the benefits they get, but they don't realize that it will be the saddest place when it doesn't match expectations.

Bold steps are not enough, to be able to make a good investment and be able to provide benefits, you must prepare an investment strategy.
With an investment strategy, you will be able to determine what to do, buy gradually or do fast trading. it all depends on how your initial strategy is.

And of course, you also have to do financial management, so that investment will not be disturbed.
divide the money for trading and for other basic needs

[Lorence.xD]

I also understand  the thread of buying buying their first bitcoin  is getting boring and maybe irritating to you but this isn't the best way to caution a newbie trying to get people share in his joy.

Yes you are right @Obari, indeed sometimes it seems boring for some people because some of these people often see threads similar to this, but threads like this about owning Bitcoin can be very proud and joyous moments for OP and sometimes threads like this can motivate newbies those who just joined can immediately buy and invest in Bitcoin like OP did.
Everyone is free to convey something as long as it is still in accordance with the discussion board, for those who don't like threads made by someone because the topic of the thread is often seen by them, they shouldn't need to discourage the thread maker especially if the thread maker is a beginner, they should be those who don't like it they can just skip the thread or they can congratulate and provide suggestions for the future so that beginners can develop better in making discussions.
However, everyone has their own way of expressing opinions and I respect these various ways as long as they don't contain racist elements.

I'm glad you also fall in my circle of opinion but don't mention exchanges while talking about storing coins.
I wish alot of people especially  highly ranked accounts will be considerate with this newbies and also understand  that there are alot of people who get joy on little things which includes owning coins.
On the other hand, the newbies shouldn't take my defense to back up posting rubbish and spamming the board and I understand  that everyone wants to grow in the forum and be reputable but it we all also have to understand that we have to patience and follow due protocol.

I don't know isn't high rank should welcome newbies? If they feel sharing their stories since in the forum they have freedom to post or open a thread as long as it has proper information. Everyone here has a freedom to talk about their Bitcoin experience as they give information for their readers to read, no need to differ the readers by their ranks if you don't like the threads then don't read it. But if it's obvious newbies posting random shts just to gain activity here just don't interact with them. For all newbies out there you can actually grow here without the feeling of grinding as you can learn new information everyday by just exploring here or just simply ask informative questions.

[Ale88]

But I really had to take my Time to understand the whole volatility of Bitcoin before taking this bold step.

There is not a lot to understand about bitcoin's volatility: the crypto world still nowadays is relatively small so there are several news that can affect it. It's also mainly a psychological thing because if you actually understand bitcoin and you're a hodler than you won't care about the volatility, you know why it works and you know why it will keep working.

[justdimin]

I also understand  the thread of buying buying their first bitcoin  is getting boring and maybe irritating to you but this isn't the best way to caution a newbie trying to get people share in his joy.

Yes you are right @Obari, indeed sometimes it seems boring for some people because some of these people often see threads similar to this, but threads like this about owning Bitcoin can be very proud and joyous moments for OP and sometimes threads like this can motivate newbies those who just joined can immediately buy and invest in Bitcoin like OP did.
Everyone is free to convey something as long as it is still in accordance with the discussion board, for those who don't like threads made by someone because the topic of the thread is often seen by them, they shouldn't need to discourage the thread maker especially if the thread maker is a beginner, they should be those who don't like it they can just skip the thread or they can congratulate and provide suggestions for the future so that beginners can develop better in making discussions.
However, everyone has their own way of expressing opinions and I respect these various ways as long as they don't contain racist elements.

I agree, I remember the first day when I got my first bitcoin, not sure if I shared it here or not I can't remember it but I know that I was sharing with everyone and most people didn't even know what a bitcoin is at the time, yet I was still sharing it and it was a great moment in my life, I could easily say that it was the day my life changed completely and I am living a much much better life because of it, bitcoin always rewards those who stick with it.

I think it's understandable for people to end up buying bitcoin for the first time and then come here and share it to enjoy it, you do not even have to respond, of course we can say congratulations and all, but the point is to share it, not chat about it.

[rachael9385]

Op you just shown that you are mean to join this Bitcoin community, I can imagine from when you invested your $5 till today it has given you some good profits, I will like if you are a strong holder, so by the end of the you the year you will have a bigger profits.
If you get this bigger profits try to spread the positive side of Bitcoin, the negative side might be sad to tell but still tell, maybe if they can still risk money on BTC.
Every one it might be bad if no body share their first time purchase on this community, if no body share their first time purchase how will others have the mind to risk their money on Bitcoin? So I don't think is a bad idea for an investor to share his or her fist time purchase here.

[Litzki1990]

You may not have gained much money by investing in bitcoins but still you are very happy with a small amount by investing in bitcoins. It is natural to be so happy because when we invest in a platform and when we benefit from that platform investment, our interest in investing increases a lot. You are successful with your first investment in Bitcoin so be sure to be patient before making your next investment, observe the market well and then invest with a larger amount (if you can afford) at the right time to hold for a longer period of time. You can achieve more success. In the first investment you made a profit, in the second investment you may face losses in the beginning but you will not lose patience, if you have enough patience and hold for a long time, you will definitely get something good.

[Abu-Naim]

You may not have gained much money by investing in bitcoins but still you are very happy with a small amount by investing in bitcoins. It is natural to be so happy because when we invest in a platform and when we benefit from that platform investment, our interest in investing increases a lot. You are successful with your first investment in Bitcoin so be sure to be patient before making your next investment, observe the market well and then invest with a larger amount (if you can afford) at the right time to hold for a longer period of time. You can achieve more success. In the first investment you made a profit, in the second investment you may face losses in the beginning but you will not lose patience, if you have enough patience and hold for a long time, you will definitely get something good.

That is the nature of investment in general; risk should always be addressed. Investors appear happy when they invest in their desired project, while bitcoin is a desire for all, some people are willing to invest in bitcoin but have no money to invest in, that reason alone will make someone happy and satisfied with the small profit they have and even plan to invest more if given the opportunity.

[Cryptmuster]

Bitcoin's returns are bigger than all traditional investments and that's why we all choose bitcoin over other investments.  but the higher the return, the higher the risk, there is no asset that offers high returns that is safe. therefore, investing more in bitcoin will give you a better chance of getting a bigger profit, but don't forget that if you fail, the loss will also be bigger.  Bitcoin no matter how good is risky so only invest with money you can lose and don't affect your life.

How can there be more losses? If you want to buy some real estate and invest $50k in it, and the developer is hiding with your money, or you decide to buy bitcoin for the same $50k and end up failing, then the losses will be identical. But I don’t think that at this stage, investing in bitcoin is so dangerous, look even presidential candidates are using bitcoin in their election campaigns, states are investing a lot of money in mining, it looks very convincing.

[Ayers]

Bitcoin's returns are bigger than all traditional investments and that's why we all choose bitcoin over other investments.  but the higher the return, the higher the risk, there is no asset that offers high returns that is safe. therefore, investing more in bitcoin will give you a better chance of getting a bigger profit, but don't forget that if you fail, the loss will also be bigger.  Bitcoin no matter how good is risky so only invest with money you can lose and don't affect your life.

How can there be more losses? If you want to buy some real estate and invest $50k in it, and the developer is hiding with your money, or you decide to buy bitcoin for the same $50k and end up failing, then the losses will be identical. But I don’t think that at this stage, investing in bitcoin is so dangerous, look even presidential candidates are using bitcoin in their election campaigns, states are investing a lot of money in mining, it looks very convincing.

It would be quite lame to compare investing in bitcoin with real estate and assume that the risks are the same. Real estate is considered the safest asset by far, while bitcoin is just a new asset and the future is uncertain.

In real estate investing, the risk when you give money to a developer, and they hide your money is your fault for choosing the wrong partner, not the real estate's. But for bitcoin, even if you have full control over it, you don't even have a guarantee that it will survive tomorrow.

The risk here is assessed by acceptance, demand, and popularity, as well as market capitalization. A market of tens of trillions of dollars and a market of only a few hundred billion dollars? Which one do you think is safer?

Bitcoin is a new and attention-grabbing trend, politicians use it to get their own attention, it's an intelligent strategy. But it would be foolish to believe what they say just because they want our vote.

[CageMabok]

That is the nature of investment in general; risk should always be addressed. Investors appear happy when they invest in their desired project, while bitcoin is a desire for all, some people are willing to invest in bitcoin but have no money to invest in, that reason alone will make someone happy and satisfied with the small profit they have and even plan to invest more if given the opportunity.

I agree more with what you say because talking about an opportunity, not everyone can have it as they wish. This can be seen from the number of people who like to invest in Bitcoin, but not all of them have the ability to make it happen so that some of them are forced to choose others to keep investing even though they have to really understand the risks. Because maybe they think that investing with a certain level of risk will be better than not doing it at all, although they can also make it happen in Bitcoin in a very small size with a very small profit level too.

[Blitzboy]

Bitcoin's returns are bigger than all traditional investments and that's why we all choose bitcoin over other investments.  but the higher the return, the higher the risk, there is no asset that offers high returns that is safe. therefore, investing more in bitcoin will give you a better chance of getting a bigger profit, but don't forget that if you fail, the loss will also be bigger.  Bitcoin no matter how good is risky so only invest with money you can lose and don't affect your life.

How can there be more losses? If you want to buy some real estate and invest $50k in it, and the developer is hiding with your money, or you decide to buy bitcoin for the same $50k and end up failing, then the losses will be identical. But I don’t think that at this stage, investing in bitcoin is so dangerous, look even presidential candidates are using bitcoin in their election campaigns, states are investing a lot of money in mining, it looks very convincing.

It would be quite lame to compare investing in bitcoin with real estate and assume that the risks are the same. Real estate is considered the safest asset by far, while bitcoin is just a new asset and the future is uncertain.

In real estate investing, the risk when you give money to a developer, and they hide your money is your fault for choosing the wrong partner, not the real estate's. But for bitcoin, even if you have full control over it, you don't even have a guarantee that it will survive tomorrow.

The risk here is assessed by acceptance, demand, and popularity, as well as market capitalization. A market of tens of trillions of dollars and a market of only a few hundred billion dollars? Which one do you think is safer?

Bitcoin is a new and attention-grabbing trend, politicians use it to get their own attention, it's an intelligent strategy. But it would be foolish to believe what they say just because they want our vote.

Property and bitcoin are essentially the same thing, right? No! The two games are as dissimilar. Generally speaking, the real estate industry is sometimes compared to the methodical tortoise in a race. But it doesn't imply it's risk-free. Choosing the incorrect growth partner might be disastrous for your finances. But you're right; Bitcoin is kinda crazy. It's amazing one minute and awful the next, giving you a sense of being on a rollercoaster.  How about a lot of cash, or not so much? Bet on the one that doesn't vanish into thin air, please! That's why political leaders are continually campaigning for additional support

[Mauser]

You may not have gained much money by investing in bitcoins but still you are very happy with a small amount by investing in bitcoins. It is natural to be so happy because when we invest in a platform and when we benefit from that platform investment, our interest in investing increases a lot. You are successful with your first investment in Bitcoin so be sure to be patient before making your next investment, observe the market well and then invest with a larger amount (if you can afford) at the right time to hold for a longer period of time. You can achieve more success. In the first investment you made a profit, in the second investment you may face losses in the beginning but you will not lose patience, if you have enough patience and hold for a long time, you will definitely get something good.

I agree, it's not about how much money we make with our first investment, but rather about taking the first step to a more independent future. Leaving all our money in fiat currencies is not going to lead to anything. Only when we start investing our money we can achieve returns that are higher than the inflation rates. Beating inflation should be the goal for anybody that is trying to save long term money. Finding happiness in already small profits is what keeps us going and will lead to better results in the future. Also a couple of small profits in a row are already a decent outcome and will grow our portfolio. Any profit is a good situation and should be happy about, bigger returns come the longer we are invested.

[Zanab247]

Please don't invest what you can't afford to lose in BTC, because you made something good from it doesn't mean that is how you will be making profits from it all the time. The opportunity to buy and wait for a bigger pump is here because, the price of BTC has drop down to $29k which is another advantage for you to earn well when the price hit higher in the market. Don't forget to always buy when the price of cryptocurrency is low in the market, and don't rush to sell when the price start pumping in the market than to watch very well before taking a step to sell your coin to make a passive profits. Ensure you know it very well how to make a good profits from short term investments before moving to long term investments because long term investments is from 6 months above before you can think of selling your coins in the market.

[cheezcarls]

Hello guys my curiosity has really gotten the best of me. I was so eager to get involved in the trending Bitcoin currency that is everywhere in my locality. Bitcoin is acceptable in so many small scale business around me in my locality, I mean I had to just ask what was this all about and finally I was introduced here and since my coming I have Learnt alot and still in the process of learning. But I came to understand few things here which gave me the courage to wanting to purchase Bitcoin and keep it so I can see some tangible profit when the price go up . Although the purchase is small but you won't blame me as it's a first timer situation and in addition to the fact that the funds are not available enough for me but I just want to let everyone know am also a Bitcoin holder now and willing to purchase more as bitcoin is also a financial gateway to freedom of saving fund. But I really had to take my Time to understand the whole volatility of Bitcoin before taking this bold step.

So everyone should join me and celebrate this purchase as it went through without any stress and please help me show my image for other viewers as my rank prohibits me to

https://i.imgur.com/NiPto8D.jpeg

If I only understood Bitcoin last 2014, I could have put my extra money for buying sats instead of a full 1 BTC. I thought back then that it must be 1 BTC but I was not educated about buying in fractions which are satoshis.

That time Bitcoin was just below $600. When I came back in mid-2017, BTC's price was at $10k+ and I had nothing but regrets.

It's good that you have bought some small amount in sats, but make sure that you fully acknowledge the risks.

[Asuspawer09]

Hello guys my curiosity has really gotten the best of me. I was so eager to get involved in the trending Bitcoin currency that is everywhere in my locality. Bitcoin is acceptable in so many small scale business around me in my locality, I mean I had to just ask what was this all about and finally I was introduced here and since my coming I have Learnt alot and still in the process of learning. But I came to understand few things here which gave me the courage to wanting to purchase Bitcoin and keep it so I can see some tangible profit when the price go up . Although the purchase is small but you won't blame me as it's a first timer situation and in addition to the fact that the funds are not available enough for me but I just want to let everyone know am also a Bitcoin holder now and willing to purchase more as bitcoin is also a financial gateway to freedom of saving fund. But I really had to take my Time to understand the whole volatility of Bitcoin before taking this bold step.

So everyone should join me and celebrate this purchase as it went through without any stress and please help me show my image for other viewers as my rank prohibits me to

https://i.imgur.com/NiPto8D.jpeg

Well, congratulation on your first buy, I mean this is already a good start so that you could start to accumulate Bitcoin, to be honest, this is already a good amount to start, It wasn't really about how much you bought since you could collect more in the future, most of the investors are going to recommend dollar cost average or maybe you could modify it a little bit so that it would fit your liking. What i recommend is to have a budget probably if you have a job you could have a small amount on your salary and use it to buy Bitcoin every month, It wouldn't matter how much amount of bitcoin but the important thing is you bought every payday something like that, in the coming months for sure you could accumulate a lot and for sure it is going to be a huge profit if you could Hold until the Bullrun comes.

Also, you already have this forum bitcoin talk probably the best cryptocurrency forum that could help you on your cryptocurrency journey, there are a lot of useful topics here that could help you, you could just ask anything here on your issues and tips, as well as you could share your experience, just make sure to like from other members mistake to avoid losing money. Goodluck Mate!

[uneng]

If I only understood Bitcoin last 2014, I could have put my extra money for buying sats instead of a full 1 BTC. I thought back then that it must be 1 BTC but I was not educated about buying in fractions which are satoshis.

That time Bitcoin was just below $600. When I came back in mid-2017, BTC's price was at $10k+ and I had nothing but regrets.

It's good that you have bought some small amount in sats, but make sure that you fully acknowledge the risks.

I believe the same bitter feeling you had back then will repeat itself for potential investors of our present moment once Bitcoin enters a new bullish season and price reaches to a new stability level, above the currently one. Bitcoin may look really expensive at 29,000$ right now, but nothing compared to the price range ir can hit on the next 2 years. It makes me conclude OP is totally accurate in purchasing BTC now and preparing his portfolio for the coming future. He just need to pay attention on how he is storing his coins, if they are safely held in a hardware wallet and if keys are safely stored as well with himself and nobody else.

[panganib999]

Congrats on your first bitcoin purchase! Glad that you have a pretty cool community that set you up for bitcoin and helped you figure out what it does and how it works. That's more than what most of us had here lol. Anywho you might want to look into other ways you can invest your bitcoin into like trading, diversifying your portfolio and all that since bitcoin will not always be in the green and there will be instances where it would dump your wealth's value. So might as well ready yourself for the rainy days and diversify your assets so you're not left with a huge dent in the wallet when bear markets come in. But you can do this at your own pace too, conduct some research first and then only jump in if you're feeling confident already.

[Oilacris]

Congratulations mate on your first Bitcoin purchase. it's indeed a bold step in the right direction. One most striking benefit of Bitcoin is it's divisibility which enables both the high and low income earners to buy the coin. Just keep increasing your coins based on your income, keep them in a safe wallet and wait patiently. Who knows, you might make so much profit in few years. It is also important to note that Bitcoin doesn't guarantee financial freedom but it could be part of your financial freedom plans. That's why it is important to diversify your income base. All the best bro.

Bitcoin doesn't guarantee financial freedom but it makes the journey to your financial freedom easier, I don't see anything as profitable as Bitcoin investment, not from Real estate, not any Stocks, Bitcoin stands out from the others.

There is a fact that shouldn't be ignored though, that is the more you invest in Bitcoin the better your reward in few years time, everyone has his or her own amount that they can afford to lose but constant DCA is the best strategy, because the period to DCA into Bitcoin is limited, a time will come that it will be too late to buy, until the next bear market returns.

Do not invest small amount and lock up, thinking it's enough, remember that you are hoping for a brighter future that's why you are investing, so whenever you make good amount of money and you can afford to lose a part, make sure you invest that back into Bitcoin.

Bitcoin's returns are bigger than all traditional investments and that's why we all choose bitcoin over other investments.  but the higher the return, the higher the risk, there is no asset that offers high returns that is safe. therefore, investing more in bitcoin will give you a better chance of getting a bigger profit, but don't forget that if you fail, the loss will also be bigger.  Bitcoin no matter how good is risky so only invest with money you can lose and don't affect your life.

Speaking about returns then it would really be basically be able to overtake to those traditional investments or stocks or whatever that we do know in terms of annual growth but we know that in every investment or market there's always an accompanied risks on which it would really be never be new about those possibilities on having that negative or floating losses on which this is something that you would really be able to face which it is really that normal here on this space. Investing your fiat on Bitcoin? Yes its ideal but dont make yourself that having that kind of confidence on which you would really be having that kind of assurance on getting that success or profits in the future. Its a matter of personal choice because not all would really be that risks takers when it comes to
this kind of investment. Some would be skeptical but some would really be that risks takers. Always invest on the amount which you can afford to lose because on cryptospace there's no such
thing about assurance but in speaking about potential then we dont really have no doubt on this but everything could really suddenly change basing up on the demand and recognition of course.